0:00Shinobi Some people ask me, Shinobi, why do you drink? The answer is simple. I have to deal with all the absolutely retarded Bitcoiners on a daily basis. So, I decided, if I have to deal with all you fucking morons,

0:17Shinobi then you have to deal with me on my terms. Welcome to Cooking with Shinobi. Cooking with Shinobi is just me cooking whatever the fuck I want, drinking whatever the fuck I want, and talking about whatever the fuck I want, whether you like it or not. So sit back,

0:43Shinobi pour yourself a tall glass of Macallan meat, and sip along as I cook some delicious sukiyaki or a succulent shabu shabu, and tell you why bitcoin will absolutely fucking fail if it doesn't solve the problems I need for it to solve so I can orange pill liberal chicks.

1:05Shinobi You can check out Cooking with Shinobi wherever I decide to release the episodes, whenever I decide to to release the episodes. You won't wanna miss it.

1:21Kailey Welch I've gotta say, I'm really excited about cooking with Shinobi, but should we really be approaching Bitcoin development and scaling solutions in order to help him orange pill liberal with that? That is an important question that I'm sure the big brains in Twitter spaces will be working on studying the game theory on this week. But while we wait on the Twitter master debaters to weigh in on the future of Bitcoin development, I wanted to cover some housekeeping items. The Bugle has launched an important Dennis Quater facts page to help everyone keep track of some very important facts about him. The link will be below in the show notes. Also, we are considering taking all of our podcasts and putting them on cassette for you purchase. Housekeeping for this week. You came here to hear the ungirdled signal from our favorite credentialed journalists. You are about to listen to the most thermodynamically sound duo

2:11Kailey Welch You are about to listen to the most thermodynamically sound duo in the world of journalism. It's October and not time to be a gay bear. If you're feeling gay, it's probably because you haven't listened to enough Bitcoin podcasts or smoked enough cigarettes. We are about to change that. Get ready for some credentialed price predictions and expert analysis of the most important topics. If you are driving while listening to this podcast, make sure to unbuckle your seat belt and pour pour yourself a glass of whiskey. This is Kayley Welch, and you are listening to the Bugle Weekly, the most credentialed Bitcoin podcast in the world.

2:44Rob Palmer Welcome to this edition of the Bugle Weekly.

2:48Richard Greaser This is your cohost Richard Grieser, with Rob Palmer. How are you doing today, Rob? Doing fantastic.

2:55Richard Greaser Little bit disappointed. Of course, everybody is a little riled up after the very disappointing Markets with Madison

3:07Rob Palmer podcast that came out this weekend. But, we'll get to that, of course. Yeah. It sounds like there has been pretty disruptive. So to kinda recap, I didn't listen to the podcast yet, but it sounds like Saylor went on a not Bitcoin podcast and tried to turn it into a Bitcoin podcast.

3:27Richard Greaser And when people go to stuff. From the I don't know. I'm just speculating here based on what I can put together. But it looks like there is a, the Natalie Brunel of New Zealand.

3:42Richard Greaser I don't know if Natalie Brunel was more of a TradFi macro podcaster, not Bitcoin specifically, but she's from New Zealand. Her name's Madison. And she has a podcast called Markets of Madison. I think she DM'd Sailor and Sailor thought she had a pretty smoking hot profile picture, so he responded and he accepted her request for a podcast interview.

4:11Richard Greaser But instead of doing it over Zoom, she financed her own flight, her own trip to Miami to interview Sailor in person. And from the looks of it, it was at his house in Miami, his big mansion. So yeah, like she had, I think she had like 4,000 followers before, this interview came out,

4:34Richard Greaser but you know, it looks, it seems to me like Sailor just thought I had you in the DMs. And he's like, why don't you come to my niche and then we can record a podcast, which pretty sneak pickup line if you ask me. However, the controversy, there's a few of them. Michael Seeler said that, people,

4:53Richard Greaser rich people, sophisticated investors, that they should buy micro strategy stock or micro strategy bonds instead of holding Bitcoin in cold storage on their cold card. And he called, he said people who care about

5:10Richard Greaser self custody and P2P Bitcoin transactions, they are paranoid crypto anarchists, which pissed off a lot of people because it's paranoid Bitcoin anarchists.

5:23Richard Greaser Obviously it feels like 2024 having to remind people it's Bitcoin, not crypto. But yeah, like some people were mad. He said crypto, and they were mad about a few other things about what he said. He dismissed the threat of a 6102 executive order,

5:45Richard Greaser to seize private keys. But I think I, you know, I, I tweet about this this morning. If a pretty girl DMs you and asked to put a camera in your face and asked you, how do you personally, when paying your taxes and how do you protect your Bitcoin from executive order six one zero two's?

6:06Richard Greaser If you're smart, you just smile and you tell her how much you value by it. Super 10, you're at a pod comp organization, like some kind of pod comp, like a a compliant conference. This is say I think Sailor was just podcasting adversarially.

6:24Richard Greaser I think that, he wanted to meet this hot babe in his DMs, but he was being careful. He didn't want to, he didn't want to compromise himself. He didn't want to compromise his oxide. Yeah.

6:38Rob Palmer I mean, I think he brought up this really important point, which is, Bitcoin, not crypto. There, you know, there's this long story tradition of people referring to themselves as crypto anarchists. And, you know, it started prior to Bitcoin's existence. So before people knew that

7:01Rob Palmer it was Bitcoin, not crypto. And so I think it's time for people to to update, you know, their philosophy name, if that makes sense, to reflect that Bitcoin has already won and that crypto is shit coins.

7:18Richard Greaser Yeah, I think you just said crypto anarchists because I mean, whenever you're on a first podcast interview or excuse me, a date with a chick, sometimes you just want to impress her and let her know that like, you know, some of the, oh gee, like, you know, sometimes people talk about the old movies they've seen that that girl might not have heard of. Well, saying Crypto anarchists is like letting her know, like I'm a, I'm a real cypherpunk.

7:43Rob Palmer Yeah. Like the indie bands that you listen to that nobody's ever heard of? Right, right. Like Shinobi likes to pass lyrics and,

7:52Richard Greaser Spotify links to, old punk bands, old, indie, hip hop, independent artists. I don't think any of his female followers know any of those bands are, but at least they know he's got

8:07Richard Greaser esoteric

8:08Rob Palmer musical tastes. Matthew (3five 40 Yeah. I mean, there's this type of individual that exists that they listen to music that nobody else listens to. And then Right. The second that somebody else listens to the music that they listen to, they have to find different music because it's not cool anymore. Right, right. Like this is like,

8:29Richard Greaser people like Vlad, Vlad Kostia and some of the other super hardcore guys on Twitter. They liked Bitcoin until it became mainstream And as soon as it became mainstream, it's like, it's stupid. I didn't like it anymore. It's popular.

8:46Richard Greaser They've got to find the next like indie thing to only they can like it and be so they can feel like they discovered it when they tell their friends. Well, that's pretty interesting. So, you know,

8:60Rob Palmer they I I just looked up this lady who posted the interview, the the Madison Ridey. I don't know how you pronounce the name in Australian.

9:14Rob Palmer But I wonder if she she kinda looks like the Australian breakdancer lady.

9:20Richard Greaser Yeah. Yeah. I saw that's what I was thinking as well. Me, it might be the same person. That would be pretty wild.

9:27Rob Palmer So, you know, for for listeners who don't understand, you know, what we're talking about, there was, there's this thing called the Olympics, which is essentially a big globalist circle jerk where, you know, a bunch of athletes from all over the world get together and compete. And one of the competitions of of this event is, like, who can spoof a drug test the best?

9:54Rob Palmer And so there's this lady from Australia that was a breakdancer that, you know, many thought, like, she cheated her way to, the position because she was not very good at breakdancing. And she became kind of a global phenomenon. And,

10:15Rob Palmer you know, people were giving her a real hard time. And I don't I really understand because, you know, I think she was just trying to fake it until she made it. You know?

10:23Richard Greaser Yeah. The only the only one fix is, like, basically statist sports ball. And when it comes to basketball or track and field, those are pretty easy to find the fastest, tallest people and you just put them out there and you let them follow the rules. You let the incentives play themselves out,

10:44Richard Greaser but some of it's a little bit more subjective. So like the status breakdancers is like you would expect if you would go to the DMV, the efficiency professionalism and the DMV,

10:57Richard Greaser it's terrible. Either way, who hired these idiots? When you get to like state as break dancing, it's the best, it's the best PhD government break dancers. That's, you know, that's, that's what you kind of get when you, when you have to be in play state of sports ball, but Shinobi,

11:17Richard Greaser he had a very emotional reaction to the Markets with Madison podcast last night. And he said, Sailor is a fucking spook What's your reaction to that?

11:30Richard Greaser Have we decided if Sailor is a spook or is the Sailor a double agent posing as a spook

11:37Rob Palmer trying to help. Well, there's this rumor that he's gay.

11:42Richard Greaser And I think we need to get rid of that. Where does that rumor come from? Do you know? Where did that originate? Or where is the Yeah.

11:51Rob Palmer I mean, it's hard to say, you know, because theoretically, if he was gay, he'd probably try try to suppress that information. You know what I mean? Because, like, you know, he would he would have a hard time on on podcasts and in conferences, you know, if everybody walking by him or every time he tried to talk, somebody just responded and said, gay?

12:13Rob Palmer You know, so like Right. Right. And it and it just has to do with the community that, you know, he's trying to cater to, you know, like people wouldn't buy as much Microsoft or sorry, MicroStrategy stock if they found out he was gay.

12:30Richard Greaser Has anybody tried to you know, sew the Satoshi documentary on HBO, the documentary filmmaker knew that, Adam Back

12:42Richard Greaser and Peter Todd would never genuinely answer a question like, Are you Satoshi? So he just asked them in multiple different scenarios, in multiple different contexts together and alone. And he just focused on how they reacted and let the audience decide

13:01Richard Greaser Do you think

13:02Richard Greaser a podcaster should ask Michael Saylor if he thinks Lynn Alden is hot and just watch his reaction to determine if he's straight or not? Matthew Piepenburg (3five 30: That's such a great

13:14Rob Palmer way to figure out if somebody's gay. That's like the best way. Like if you don't think that Lyn Alden's hot, you're probably gay.

13:23Richard Greaser Exactly.

13:25Rob Palmer Yeah. They're absolutely brilliant. I mean, so this is kind of what people need to understand is journalists for a very long time have been working on ways to determine what is reality, what is truth.

13:42Rob Palmer Right. We don't we don't have polygraph tests. We don't believe in in pseudoscience. Like polygraph tests is kinda like chain analysis for, trying to determine the truth

13:58Rob Palmer where it's essentially just like made up nonsense. But Right. We we can ask difficult questions like that to essentially gauge people's responses.

14:12Richard Greaser Right. And you have to be very careful and you have to use these, you have to adversarial journalist in these situations because if you do it abroad like Gawker and you out Pierre Teal,

14:26Richard Greaser that's gay, they got sued into oblivion. I had to go out of business and the people just trying to avoid being sued out of business. So it's not, it's not as easy as just, you know, digging up

14:41Richard Greaser dirt and publishing the evidence. We have to find a way to get the individual to answer the question truthfully themselves and just use that reaction as a guide.

14:57Rob Palmer But, yeah, essentially, like, the I don't know where the origin of the rumor started from, you know, and that's that's pro one of the problems with with the Internet is it's it's hard to determine where that came from. Like, maybe it came from a private Mhmm. Telegram chat. Maybe it came from, some of these revelations at a conference.

15:25Richard Greaser A yacht party. Some activities on a yacht party.

15:29Rob Palmer Yeah. I mean, he he shows up to the Swan sex cult and instead of, you know, going after some of the lovely ladies that were provided there, he, he chooses a dude, you know, who knows? Or, you know, it could just be that, you know, people assume that he's gay because somebody like, he he told somebody that he worked for a federal agency

15:55Rob Palmer or somehow affiliated with the feds. That's yeah. Right. Okay. So that's

15:60Richard Greaser the spout angle here is people is basically, I guess the way I would put it until we have proof, I think that speculating or hinting about Michael Saylor being a federal agent is homophobic because that's why they're doing it. It's a homophobic dog whistle. They don't want to use homophobic slurs or be seen as intolerant,

16:34Richard Greaser because that's how you kind of get banned from Bitcoin podcasts. So, but if you call somebody a fed, you're doing the dog whistle, you're getting the same, you're getting the same reaction without having to say it. There's also another theory that,

16:53Rob Palmer that sailor is just cosplaying as a fed because Halloween's coming up and he's essentially dressing up as a fed publicly. Right.

17:03Richard Greaser Halloween is, I mean, everybody knows it is a spooky holiday. And some people just have different interpretations of spooks, ghosts, feds, CIA agents. All of those are scary. So, you know, these just, you know, you might be lobbying like everybody else on Twitter.

17:24Rob Palmer So, you know, say if you're a meetup organizer and you don't want any federal agents to participate in the meetup, Does that make you homophobic?

17:35Richard Greaser Well, it's hard to deny that that is probably part of your motivation There's a lot of people who they are a little unsure of their personal identity.

17:51Richard Greaser Maybe they are worried that, they might say something like I don't have a problem with feds as long as they don't try to convert me to be a fed. And

18:04Richard Greaser some of those people might be worried that if a fed tried to recruit them, that they would, they would like, they would like to try it. They would like to try out being fed. Some people experiment with being feds.

18:21Richard Greaser Some people experiment with women, they'll make out with each other in college and young men will enlist in the military, to experiment with being fed.

18:35Rob Palmer And some of them likely, some of them don't. Well, I think there's a serious issue, which is if the Bitcoin community continues to and chooses to be homophobic, it's going to be much more difficult to present the idea to everyone that Bitcoin has already won,

18:54Richard Greaser Right? Yes. Right. Right. That hinders mass adoption for sure. Like,

19:00Rob Palmer if if we're really, you know, gonna believe that Bitcoin or people are gonna believe that Bitcoin is for everyone, then like, home is for you. Yeah. If Bitcoin is for everyone or

19:13Richard Greaser if Bitcoin is for anyone, that includes Feds whether you liked it or not, there's nothing we can do about that.

19:23Rob Palmer So this puts the Bitcoin anarchists in a pretty difficult position, which is that like, they don't like statism, they don't like status. But if you're not gonna be tolerant of people with different political views, and it inherently means you're homophobic,

19:43Rob Palmer that that and that's not good for Bitcoin. No. You know, like, what do you what do you do with that? Like, do you do you have to change your political views, to be more tolerant? Or like, how do you how do you handle that? How do you handle, like, believing

20:01Rob Palmer what you believe?

20:03Richard Greaser It's not just enough to be I mean, do we have a, I guess, for lack of a better term, we'll use homophobic to refer to people who are anti Fed It's not just enough to be not be

20:20Richard Greaser homophobic. You have to be anti homophobic. You have to actively do the emotional labor of not being prejudiced

20:32Richard Greaser against people just because they have different political views than you, just because somebody believes that it's important to vote and that it's important to, follow the rules of democracy and it's important to pay your taxes. You can't discriminate against people just because they have those beliefs

20:55Richard Greaser that

20:56Rob Palmer is against the Bitcoin or Ethos. So, like, how do you prove that you're not homophobic? Inclusive person to build that credibility? Do you have to, like, engage in homosexuality? Do you have to go and make out with a dude?

21:20Rob Palmer Is that how you prove it? Or You can prove it

21:24Richard Greaser by buying shares of our strategy. You're putting your money where your mouth is. You are essentially saying without actually

21:38Richard Greaser sucking a dick, you're doing that metaphorically by putting your time and your energy monetized time and energy

21:50Richard Greaser into the regulated stock market and that you're proving, Hey, I

21:57Rob Palmer am not homophobic. Well, one of my fears is that in this community, there's a lot of Bitcoin anarchists, right? And they don't believe in paying taxes, partially because they can't afford to pay taxes.

22:11Rob Palmer They don't make enough money to afford to pay taxes. Right. Right. It's like a very, like, privileged position to be able to say, hey. I can afford to pay taxes in our society today. And, like, Gladstein talks about this all the time, you know, about, like, how Westerners need to check their financial privilege because, you know, many people in the West can afford to pay taxes whereas a lot of people in the Global South can't. They don't want to buy

22:42Rob Palmer micro strategy. So they inevitably cannot prove that they're not homophobic. Jason Robert Leonard (zero twenty seven:thirty seven): Yeah. No, that's a real problem.

22:53Richard Greaser One of the things that Saylor was accused of in this Markets of Madison interview, let's say, he's pumping his bag saying that he used, people like NVK, the guy at SeaSiner

23:11Richard Greaser and others, they're saying that they stirred up this FUD, this, anxiety over government confiscation, banning Bitcoin and stealing it from

23:28Richard Greaser individual holders. He says they've drawn that up so that they can generate demand for their products. SV was basically showing his micro strategy bags, his product.

23:43Richard Greaser And I think that's why that's for some of these Bitcoin anarchists, what they do is they can't afford to pay taxes. So they are they're kind of shilling the strategy, the politics, the ideology

24:00Richard Greaser of what benefits them personally instead of thinking about people who do pay their taxes and can afford to pay their taxes, they might not necessarily identify with this anarchist, ideology.

24:15Rob Palmer Yeah. I mean, it just seems like Sailor's in a really difficult position because he's he's having to operate and sell a product in a community that has expressed very high levels of homophobia.

24:30Rob Palmer You know what I mean? Mhmm. And so if he is a gay man, it just it it just puts him in a weird position to essentially like be in a community that doesn't accept him for who he is. Right. Put yourself

24:43Richard Greaser put yourself in his shoes for a moment and think about you going into your job or your, you know, your family Thanksgiving or your friend group and you are

24:58Richard Greaser a closeted crypto anarchist. If you talk about the things you share with those people in those group chats, these normie group chats, the kind of memes that you're sharing in the crypto anarchist group chats, you're going to offend people, you're going to shock people potentially and you might get banned

25:21Richard Greaser from My uncle often gets banned from Facebook for posting extremely controversial memes and kind of, you know, they're very homophobic memes. So you can't

25:35Richard Greaser just go into these hostile situations and and be your true

25:47Richard Greaser unbruned self You have to kind of test the waters because the stakes are high One of the worst things that can happen to any individual is to be banned or cast out from their tribe or their community because if you were alone against a collective

26:05Richard Greaser effort, it's very difficult to survive in those situations See, think about what Sailor's doing He's going into this community He was orange pill by Bitcoin podcast, but if he is in fact a fed, he's a front of Sierra for people who buy hate. How does he not get kicked out? And it's a very delicate out.

26:28Rob Palmer Yeah. I mean, it's a hard position, you know, to go from like the king of PodConf to potentially being cast out, to be uninvited from conferences to, and we've seen this. Like Jen Erso

26:44Rob Palmer has made comments in favor of gay people and has upset a lot of people. So we've seen the evidence.

26:54Richard Greaser Right, exactly. Right. She is a perfect example of the risks you take standing up for what you believe in if what you believe in is in conflict with the narrative that dominates

27:11Richard Greaser the subculture you are interacting with, right? And it's, you know, think about that if you are trying to you're an orange cell

27:24Richard Greaser and you're trying to meet and date a girl for the first time who might be more on the normie side, how would you answer some of those questions when she's asking you about Bitcoin? Are you going to immediately reveal your crypto anarchist ideology or are you going to,

27:46Richard Greaser kind of soften the blow and warm her up to it? And that's what Saylor was doing. Like I said, he was, he was talking to, a hot blade who had just DM ed him about Bitcoin. Jason Peterson (3five 30: So I think we need

28:02Rob Palmer to put in a pin on this or a bow on this topic. I think we need to get somebody, either us or somebody else to ask Sailor directly if he thinks Lynn Alden is hot and then we can kind of settle this question

28:19Rob Palmer that everybody wants to know the answer to. Yeah. The next person that gets the opportunity

28:25Richard Greaser to interview him or just ask him on the record or off the record, just ask him that question.

28:34Rob Palmer Yeah. I don't know if you had the opportunity to listen to, I did an episode with high hash rate recently.

28:44Richard Greaser I did listen to that. That was, that was last week. Is that when that came out?

28:49Rob Palmer Yeah. I think it was last week. It it all kinda you know, when when you are the news cycle, it kinda all borders together. Right? Right.

29:00Richard Greaser But,

29:02Rob Palmer yeah. I asked Mike directly. So there's two people on the show, Dan and Mike. Mhmm. I asked Mike if he thought Lynn Alden was hot, and he was very uncomfortable

29:16Rob Palmer answering it. Kind of Yeah. That leading me to wonder if he's gay.

29:21Richard Greaser Yeah, I noticed that. I noticed he was, it was as soon as you asked him that question, he was doing a lot of mental calculus about,

29:33Richard Greaser thinking, is this a trick question? How do I answer this? What do I say? Do I tell the truth? You could see all that going through his mind just by looking at his face in the video that Adam said and it was telling. So to go back to the concept of the show, you were just on high hatchery and to go back to the conversation where we're just having, getting really high

29:58Richard Greaser and being interviewed or interviewing somebody, you know, that you don't necessarily know very well that's gonna be it's gonna be a public conversation about very sensitive highly complex topics

30:15Richard Greaser That sounds like it would be a challenge. Was that a challenge for you?

30:22Rob Palmer Yeah, it was definitely a challenge for me getting high and going on a podcast because I felt like it was necessary for me to do that. So I can't imagine what it'd be like to be the the host of that podcast. It'd be very difficult to imagine.

30:39Richard Greaser I was thinking the same thing. I think that a lot of people think I get high and I listen to Bitcoin podcasts. So it would be very easy on the surface to say, Oh, I could get high and be on a Bitcoin podcast, but that is, that's a very big

31:00Rob Palmer difference. I don't know if I could handle that. Yeah. I mean, it's a challenge. I mean, I think you have to practice like, you know, it's it's kind of silly that driving drunk is illegal.

31:14Richard Greaser Right.

31:16Rob Palmer And I think part of the reason why it's illegal is because, you know, there's a lot of teenagers out there that haven't gotten the experience to learn how to drive drunk and they create problems. Sure. Sure. And there there's just like a cultural taboo around driving drunk, which means that, you know, people

31:37Rob Palmer don't think that they can do it, so they try and they try and hide it. They don't teach how to do it in driver's ed.

31:46Richard Greaser Yeah. I I think that if you make drinking and driving illegal then what you're doing is you're basically to ride The only people who will drive drunk or be found riding drunk They're thinking too hard about not

32:07Richard Greaser seeming to be like they're drunk and driving instead of just trusting their instincts and just being natural So it's like you're causing people to overthink kind of like when you asked Mike about if he thought Lyn Alden was hot,

32:24Richard Greaser he immediately was starting to think, Well, how do I answer this question? I don't know what the right answer is. I don't know what he wants me to say instead of just going with food and that's how you drink and drive safely is you just let the liquor do the driving. You just go with it, you put on the music, you light a cigarette and you just let Jim Beam take the wheel.

32:50Richard Greaser If you're overthinking it, that's how you end up getting into trouble. That's how you end up crashing. That's how you end up blowing through a red light and T boning another car. Just don't overthink it

33:04Rob Palmer Well, this is one of the reasons why a lot of men say that women aren't good drivers, right? It's because women have a tendency to overthink things

33:13Richard Greaser Right, exactly It's just a natural it's just a natural part, inherent quality of being a woman.

33:22Rob Palmer Yeah. And like, you know, sometimes that like if you think about it, what's kind of interesting is this is probably one of the reasons why women have so much potential to be successful Bitcoin podcasters, because part of being a good Bitcoin podcaster is

33:40Richard Greaser just overthinking things. Jason Peterson (zero fifty three:thirty seven): Right.

33:45Richard Greaser A really good way to know if, the girl that you met and referring with at a bar, you're going home with her to spend the evening to know that, you know, if you have any suspicion

33:60Richard Greaser that she might be trans, let her drive you home. If she's a good driver, then

34:08Rob Palmer that might be a red flag. Well, Kaylee is a good driver and she's a good driver when she's drunk. I'm pretty sure she's not trans.

34:16Richard Greaser Yeah. But I would never have suspected her. Why so? I don't.

34:19Rob Palmer Because she's she's just so hot. Yeah. So do you I mean, do you think there's like a certain level of hotness that rules out you being trans? Rules out a woman from being trans? Like, if if you're, like, an eight, you're still, like, potentially in the danger zone. But if you're, like, a 10, you're out of the danger zone.

34:42Richard Greaser Like what what is the what is the threshold? It's a good clash, ticket clash. I think everybody's got a different threshold, of, you know, if they're like 10, maybe you throw caution to the wind. If they're saddened, you're probably going to be more

35:04Richard Greaser there's going to be more scrutiny over your decision there.

35:08Rob Palmer So everybody has a different risk tolerance is what you're saying. Matthew (3five 30: Exactly. Exactly. Some people are willing

35:17Richard Greaser to metaphorically just go down on it and buy micro strategy stock. Some people, they need a two or three multisig. Please disperse geographically,

35:32Richard Greaser because they don't want to take the risk. Yeah. Interesting. Got an apples to oranges comparison there, but I think you might be able to kind of get what I'm trying to communicate there, I hope.

35:45Rob Palmer Yeah, I guess one of the challenges, so like, one of the things a lot of Bitcoin podcaster listeners really care about is they care about objective reality, objective truth. Yeah. Yeah. Keith Ellis (3zero 50: And so, um- Jason Peterson (3zero 50: This is why our animals

36:03Richard Greaser are so controversial because wormholes are subjective, right? You can

36:13Richard Greaser play out the iteration or the, the set of this number theory a trillion times and get the same

36:25Richard Greaser outcomes deterministically, that are predicted by the theory but objectively,

36:36Richard Greaser Sats do not exist. So, it's like you might use this protocol on top of an abstract set of Satoshi's, of Bitcoin and debt exactly what you're expecting per transaction.

36:55Richard Greaser However, Sats don't exist, so it's a shitcoin. Yeah. So, it's not to belabor the point. There is a little bit of, other

37:07Richard Greaser spicy news why I want to make it to you just really awake I'm actually working on a story so you'll be able to see that one We'll publish that one some point today, possibly tomorrow at the latest But it seems that there was a leaked letter, from a limited partner, an investor at ten thirty one Ventures.

37:30Richard Greaser And Matt O'Dell wrote a letter to those investors in the past week and he revealed that ten thirty one had to recently take a 2,500,000 stake in a beef to aloe,

37:45Richard Greaser anal lube startup that was linked to Diddy. They had to write that investment off completely, took a total loss. The entrepreneur had a new line of beef tallow lube

38:01Richard Greaser much better than, seed oil lubes They're most common like Astraglyte, AY jelly, but this beef tallow lube, you know, the whole apparently the entire marketing, the business

38:15Richard Greaser plan was to partner with Diddy and to sell the beef towel to Diddy for Diddy parties, bitcoin conferences, some of these swan sex cult parties, fad parties, whatever you want, yacht parties, it was gonna be a smashing hit success.

38:35Richard Greaser Unfortunately, with the arrest of Diddy, the main buyer of this beef towel lube is now facing probably spending the rest of his life in prison

38:49Richard Greaser or at least not suiciding himself in prison so that's a huge loss 10 '31 They I don't know if they've had too many successful investments in their short history as a venture,

39:07Richard Greaser fund But this one hurt. This is a total loss. Some of the investors were a little bit disappointed, a little bit disheartened by that loss, which is probably why they leaked

39:20Richard Greaser leaked that letter, but we'll have more on that story. I don't know if you had any quick reactions on that one before we move on, but I just thought that was something interesting to share and gave an gives an insight to what some of these Bitcoin VCs, some of the wishes they have to take, some of the visions that they have to try to execute on that are very,

39:43Richard Greaser very rough sketches of what can it be. If I was a $10.31

39:48Rob Palmer investor right now, I would want to understand when they were

39:54Richard Greaser going to make a strategic decision to try and make money. Can you say that again? What do you mean? Like, when are you essentially saying when are they going to actually make some money?

40:04Rob Palmer Yeah. When are they going to start trying to actually invest in profitable endeavors? Maybe this strategy is just to

40:11Richard Greaser not experience capital gains because if you don't experience capital gains, you don't have to pay your taxes So it's either, you know, I'd say some ten thirty one investors are upset that they have invested a lot of their money and they still can't afford to pay their taxes

40:32Richard Greaser and some might think that ten thirty one is intentionally avoiding being able to afford to pay their taxes I guess it kind of comes down to your perspective

40:46Richard Greaser on that strategy and what they might be

40:50Rob Palmer doing So you think that ten thirty one is like harvesting losses intentionally for tax reasons?

40:58Richard Greaser If they If ten thirty one was intentionally losing money to not be able to afford their taxes,

41:10Richard Greaser what would they be doing differently than what they're doing right now? I'd say there's an old saying which is the purpose of a system is what it does. And if country one

41:24Richard Greaser is losing money, I would assume that that's the purpose of that fund.

41:30Rob Palmer Well, that makes a lot of sense because, while Bitcoin makes it easier for you to afford taxes because it goes up in USDT value so quickly, still there are capital gains that need to be paid for that increase. Right? Right. Right. And so if you can harvest losses to offset it by investing in different projects that $10.31

42:01Rob Palmer finds interesting. That's the way to do it, apparently. That's really smart. That's really smart.

42:09Richard Greaser It is really smart. So I need to listen, I'm just a journalist. I'm not an accredited investor. So take anything I say about the inter operating

42:25Richard Greaser features of a venture capital fund. Got to take that with the grain install, right? We should become accredited investors. Could you imagine

42:33Rob Palmer what the world would look like if we were accredited

42:37Richard Greaser investors. I think under hyper Bitcoinization that, we will be credentialed investors and a lot of the Planet in Bitcoin podcast consumers

42:51Richard Greaser will become credentialed investors at that point. And I think that's when we really start to turn around the economy. The economy will go from being fine, being outstanding. And I think

43:06Richard Greaser it will be the result of orange tilled credential investors realizing that A, real estate is a shitcoin, stocks are shitcoins, Bonds are shitcoins The only thing that you should put any of your

43:24Richard Greaser cash flows, money, savings in is Bitcoin and the rest of society will just totally, it'll just go to the moon. It'll be

43:36Richard Greaser so great.

43:38Rob Palmer I just had a thought about Saylor. So, you know, he kind of blew up last cycle because he said there is no second best crypto asset. And so I'm kind of wondering, why somebody should buy MicroStrategy

43:56Rob Palmer stock when they could buy the underlying asset in Coinbase who custodies the funds

44:05Rob Palmer for MicroStrategy, if that makes sense. Yeah.

44:11Richard Greaser That is the question that he's had a hard time answering. And I think that he tried to tell the Madison, Maddie, about He tried to give her that thesis and he talked about

44:27Richard Greaser different metrics of volatility measures, different metrics of outside relative to

44:36Richard Greaser potential risk of downside and how you could use those calculations. But at this time, if you're not a credentialed investor, you can't verify those strategies. You just don't have the qualifications

44:53Richard Greaser and so as somebody who doesn't have those credentials or qualifications to fact check or verify the validity of Michael Samish claims, I'm going to essentially punt. I'm gonna

45:09Richard Greaser set that aside. It's hard. I can't criticize that. I don't have the credentials to do so. I would hate it if somebody without journalistic credentials question my work. So, it's hard for me to it would be a hypocrite to do that to credential investors. Yeah. I can get like, some people don't like what he says, but he's a credentialed investor. So you have to have credentials if you want to argue with him. Interesting.

45:38Richard Greaser The other piece of the news that, I thought was pretty interesting this week and I wanted to get your reaction to was, it started out as a controversy that Nen Po was bribed by Ui and his ordinal Shikwena army to basically

45:56Richard Greaser an emoji, and a little flag with different colors on some of the mempool features mempool space to basically identify if a transaction

46:08Richard Greaser contained ordinals, inscriptions, BRC 20s, runes, any of that. Like we said, that subjective nonsense that they're

46:18Richard Greaser spanning the chain with, there was a big controversy and it was a lot of it was coming from mechanic Luke Dash, the ocean, the people associated with ocean pool And then a tweet comes out late last week from, Moonautical and he says is the fact that allegedly

46:40Richard Greaser people from the Ruins Ordinals community have been providing Ocean Pool to secretly include Ordinals transactions in their blocks.

46:52Richard Greaser So when they, you know, they don't find a block very often, but when they do, they need that block to be valuable in transaction fees, so that they can pay, pay out the people that are contributing

47:08Richard Greaser half to their pool and by identifying very easily, so somebody who doesn't have to have a cipher punk PhD to look at all these transaction and that's just in the term, Oh, that's

47:21Richard Greaser an ordinals transaction. That's a rune. Menpool made it very easy to tell and they started to see what, what was going on with the bribery at Oceanpool, again, all a legend, which incentivized

47:38Richard Greaser Ocean Pool to, be very publicly and come out and are being very publicly against this new mempool. Space feature that, that Ooty and the ordinals gang,

47:51Richard Greaser paid to have added to that

47:54Rob Palmer user experience. It's a lot going on. Yeah. Yeah. It really is. Yeah. I don't really know what to make of.

48:01Richard Greaser Yeah, that will unfold, so we will follow those developments.

48:08Rob Palmer I think one of the important things to take away from this is, you know, oftentimes when a story is developing like that, it's okay to have an opinion on it immediately. Agreed. Agreed. I think this is one of the mistakes, like, a lot of our colleagues in the world of journalism make because they they Yeah. They're all geared up. They want to have their opinion They want to have their

48:32Rob Palmer comment in immediately

48:36Richard Greaser Yeah, everybody wants to have a reaction Everybody wants to be the first to report a story and some people think that journalism, the alternative area journalism and credentials means that

48:49Richard Greaser you are the best at being quick to cover a story or to uncover a story but also having credentials means that you have the discipline and the wisdom

49:07Richard Greaser to know when the general public should not, is not ready to hear about a story It's not ready to know the news and you just have to use that judge bet Yeah

49:22Rob Palmer It's about having soft discipline

49:24Richard Greaser is what it's about. Matthew Piepenburg (3eight 30: Yeah. And then leave your time preference, essentially. If you have too high of a time preference, a better journalist, you will have to retract and correct a lot of stories. The more you do that, the less of a reputation that you're going to have with your viewers. So just as a journalist,

49:47Richard Greaser learn to lower your time preference.

49:51Rob Palmer Everybody can be Dennis Porter and can successfully concoct a bridge screen.

49:56Richard Greaser Exactly. Don't soil your reputation and nuke your brand trying to compete with Dennis Porter. It's just it's a fool's errand.

50:08Rob Palmer Well, I know Bitcoin Magazine has had a tremendous amount of issues with this. Where they all And they they have some real credentialed journalists over there. So I think like, you know, there there is this kind of like difficult situation which is like, you know, credentialed journalists aren't infallible, but they're yet they're they're still superior to like the average non credentialed journalist.

50:35Richard Greaser Right. Yeah, I think when it comes to Bitcoin magazine, they're a great example that you highlight because they never share sources

50:49Richard Greaser They like to break big breaking news without following up with any sources and I think that if you

50:59Richard Greaser think of a really good headline for some really big, dirty news, but you have no sources on that, maybe you heard it in a group chat, maybe you saw it, maybe you saw some Bitcoin tweeting about it. If you don't have any proof that it's real,

51:18Richard Greaser wait until you have a source before you post it, lower your time preference and you'll do yourselves

51:25Rob Palmer You'll avoid a lot of embarrassing situations. Yeah. Sometimes you have to wait for the story to develop. And, Yeah. Right. Right. That's one of the challenges. Like, I I get people all the time that are that are tagging the bugle on on Nostr and and Twatter and, they're like, why isn't the Beagle covering us? And, you know, like, there's two reasons why the Beagle, you know, doesn't cover stories sometimes. One is because we're not

51:56Rob Palmer we're not Dennis Porter. We can't be everywhere all at once. And then the second one is sometimes we're just we see the story and we're just waiting for it to develop a little bit more. Yeah, right. Before we go to the It's like thinking about an hurricane.

52:11Richard Greaser It doesn't start as a hurricane. It starts as a disturbance, a tropical depression, tropical disturbance, that it moves up to a tropical storm and becomes a hurricane. News starts out as a rumor

52:28Richard Greaser or gossip or speculation and it slowly develops into, a new story and until something has has reached the objective

52:44Richard Greaser or the conventionally agreed upon state in which it goes from a rumor or speculation to a story, you are taking a lot of risks,

52:57Richard Greaser by reporting it unless you're honest and say, this is just a rumor, but don't call a rumor

53:06Rob Palmer news. Well, I mean, if you want to report on the rumor, what's the like, before you publish a story, oftentimes, you have to create your own citations. Right? So you have to write the articles that you're gonna cite. Right.

53:24Rob Palmer Turns more work to it than

53:26Richard Greaser a lot of people realize. That's what I think that makes, like Turing Ross, here or so people sometimes criticize them because they they're spending so much time bogged down in peer review,

53:43Richard Greaser writing research, having to debunk others' research, but what they're really doing is they're creating the sources and the citations that they need to write more research

54:01Richard Greaser that they can cite their previous research and citations. That's the we have in Bitcoin, we call circular economies and in academics, academia, it's

54:14Richard Greaser circular citations, circular research, URE. This VOD has been debunked by my peer reviewed research that cites my previously

54:26Richard Greaser peer reviewed research and you just have to build it's like a piece of academic research, peer reviewed academic research. How do you know which piece of research

54:37Richard Greaser is the if they have two pieces of conflicting research, how do you know which one is correct? The one with the longest chain of self citations in peer review is what in academia that's the chain with the most work, so to speak So that's the that is the academic research or the academic paper

54:58Richard Greaser that you should always consider the correct one? It's the one with the most widest chain of of peer reviewed research and citations.

55:09Rob Palmer Well, I don't know. I mean, I think there's some problems here because under that logic, Cardano would be the correct cryptocurrency.

55:20Richard Greaser Well, that's perfect stake though. That's perfect stake.

55:23Rob Palmer Yeah. Perfect for

55:26Richard Greaser why are you writing a peer reviewed research paper for a credentialed university before, is somebody now if that research was written by somebody like Bill Cosby, who has a lot of honorary PhDs, who she didn't have to earn those credentials. That would be like a proof of stake situation. So maybe the way to think about Cardano

55:51Rob Palmer is Charles Hoskinson essentially created an unregistered security. Right. And while while his peer review process discussing the unregistered security is

56:05Rob Palmer on point as far as, what the expectations of peer review are. The fact that he's pure researching non compliant

56:18Rob Palmer unregistered shitcoins makes it kind of null and void, if that

56:25Richard Greaser makes sense. Exactly. Exactly. It is. It's procedural. We get it. When you get into credentials, you get into these very high level, conversations. And you see this especially in in lawsuits and legal cases

56:43Richard Greaser you could have a slam dunk story, a slam dunk headline but if you if you if you mess up any of the small but very important procedural steps, your work becomes your work may become worthless. Well, it's a really interesting chain that

56:59Rob Palmer thought I never realized we've been rolling for so long. So we Yeah. I wanted to get into this.

57:07Richard Greaser Before I wanted to cover one more thing just quickly. We don't have to spend too much time on it before we get into the base, which is we just published last week. And if you want to read this, it is pinned to the top of Goodpuego's career timeline. It's Dennis Porter facts. And, right now

57:26Richard Greaser we have a list of Dennis Porter facts that you can use to share with friends and family, share them at your meetup. Really funny stuff. If you've heard of Chuck Norris jokes, Chuck Norris facts, these are very similar, but they are Dennis Porter facts. I got a kick out of him, fundamentals, from the Rock Paper Bitcoin podcast. He contributed

57:49Richard Greaser to the, the Dennis Porter facts we would, this is open source to anybody who is free to contribute so hit us up on Telegram if you thought, if you thought of some funny Dennis Porter facts that we did not think of so just go check that out and, you know, make, feel free to take some of those, those status proto facts, make memes out of them Like I said, open source, if you want to attribute the bugle, when you make that meme,

58:15Richard Greaser please do so. But if you make up your own, you don't obviously, you don't need to do that.

58:20Rob Palmer But, yeah. Yeah. I mean, it it's really nice. I I'm I'm just, you know, so grateful to have a person like Dennis Porter in our, in our world, in our ecosystem, in our industry. You know? Because, like, Bitcoin really needs this, like, Chuck nor Norris,

58:41Rob Palmer Steven Seagal type figure to help people figure out that it already won.

58:46Richard Greaser Yeah. Yeah, absolutely. Like I said, people, people in this space especially, they value objective reality An objective reality is really just a fancy way of saying

59:01Richard Greaser power Who has the most power? And I think pretty objectively easy to see that Dennis Porter

59:11Richard Greaser kind of represents that apex alpha predator of the Orange Island community I

59:17Rob Palmer I agree wholeheartedly I mean, he's kind of like the, Siberian tiger or the African lion He is

59:26Rob Palmer the alpha predator for sure. A 100%. Well, let's get into the boost. First one is from miss Huddleknot for 11111¢. He says, I want an orange wedding like Natalie. I mean, do you think this is gonna be a trend?

59:43Rob Palmer The concept of an orange wedding?

59:46Richard Greaser Yeah. There's a little question about that. I think once some once people saw the first orange wedding, they saw like all the podcasters that were there, sailor was although sailor is not as popular after this weekend, but they saw that, and they're like, I want that for I think there's gonna be a lot of a lot of bridezillas out there so to speak who,

1:00:12Richard Greaser they're going to demand to have an orange wedding as elegant and as thermodynamically sound If they had any idea, you do want a thermodynamic dynamically sound nerd that starts with the wedding. But yeah, I see that as a trend. Absolutely.

1:00:26Rob Palmer I mean, again, this is just one more example of one of the trade offs of having women in the in and around Bitcoin is that they might try to get you to spend your stack

1:00:42Rob Palmer Yeah. On a wedding.

1:00:44Richard Greaser Yeah. So again, we've said this time and time again. When it's a, you know, it's a blessing and a can. We let them tell them without them blessing and a curse. We need them in our lives. We love them that they will end up making us sell our Bitcoin some way or another. They will figure it out. And until

1:01:05Richard Greaser target accepts Bitcoin, the biggest threat to our stack, especially if you're a father, if you're, if you, if you have an orange pill daughter and she's getting married and you've been saving Bitcoin for a long time,

1:01:20Richard Greaser she's gonna get you to spend it. You're gonna have to, you're gonna have to now worry about,

1:01:27Rob Palmer does my daughter want an orange wedding? So you think fathers should be limiting their daughter's exposure to Bitcoin podcast?

1:01:35Richard Greaser Wait until they're married and let their husbands orange pill them. That's that's it. You don't want to spend your Bitcoin on an orange wedding, essentially.

1:01:47Rob Palmer I mean, I think it's kind of inappropriate for parents to orange pill their kids. You know what I mean?

1:01:52Richard Greaser It's kind of, yeah, it's kind of unfair. It's kind of like grooming. Let them make their own choices. Totally.

1:02:01Rob Palmer Well, I hope you have that that orange wedding, miss Hoddlenot. I think you deserve it. And, I I think you'll be more likely to get that orange wedding. But the more you boost us, the more likely it is for your dreams to come true.

1:02:18Richard Greaser Right? Yeah. Yeah. Yeah. The the attention of some important people in this community. That's how you will get their attention, whether you want an orange wedding or you just want to show somebody like a cypherpunk, such as, Ronda Hamilton

1:02:38Richard Greaser that, you were smart too. Well, you can do that by getting their attention in our base on the fountain.

1:02:46Rob Palmer Yeah. What do you so like, cypherpunk is kind of like an interesting, term because it kinda suggests like, being punk is kinda about not following the rules. It's about being non compliant. So if you're compliant, you kind of rule yourself out of being a cypherpunk in many ways. Right?

1:03:10Rob Palmer So I wonder if there's, like, a term that we could come up with for compliance cypherpunks. That's a good question. I but I would maybe put a spin on that

1:03:19Richard Greaser and suggest that like a credentialed journalist who knows has discipline and time preference to know when to break a story and when not to that a cipher pun knows just being non compliant for the sake of being non compliant is

1:03:38Richard Greaser potentially counterproductive, but picking and choosing your battles and being non compliant where it can be, it can make the most difference and where it can be a most productive use of compliance and then being compliant where it doesn't actually affect you. It doesn't, you don't care if you comply in that situation. It's easier to be compliant in that situation

1:04:00Richard Greaser without any benefits, you know, discretionary,

1:04:04Rob Palmer cypherpunk compliance? I think that a good term for it would be, being called cypherpop.

1:04:12Richard Greaser Cypherpop. Okay.

1:04:14Rob Palmer I like that. I like that. If it was a genre of music, I would call it cypherpop.

1:04:18Richard Greaser Like, like green day was punk for like an album or two and then they became pop. So they they're kind of like

1:04:29Richard Greaser the be like being green, like a a compliance cypherpunk would be like green day, the band Green Day. Okay. I feel like Well, you know what's kind of crazy about Green Day is,

1:04:39Rob Palmer you know, for listeners, if you wanna feel old, they're starting to play Green Day on classic rock music stations on the radio. That's crazy.

1:04:49Richard Greaser Yeah. We're at that point. Yeah. Like Rage Against the Machine is another example of a punk gone, punk gone compliant,

1:05:01Richard Greaser artist band. If you listen to that music and, you know, in the nineties and then you listen to what those, the members of that band say today, you can totally see that that transition.

1:05:15Rob Palmer Yeah. Another good one is the Offspring. Okay. The Offspring is extremely cypherpop.

1:05:24Richard Greaser Oh. Right? Like, Pretty Fly for a White Guy for Harris is the song that they should put out today. Yeah. Like, Dennis Porter is a good example of the guy who's pretty fly for a white guy for Harris. You know

1:05:33Rob Palmer that I I heard a rumor that Mike Brock is the leader of white guys for Harris?

1:05:41Richard Greaser Well, yeah. I I saw that. And in hindsight, it seems pretty obvious now that guys, that guy's got something going. I think Ozapic made him retarded. Ozapic then? Yeah, I think so. If you, if you see, any of his recent interviews or his, his profile picture on Twitter compared to his, the profile picture that he used for his last What They Point Dude podcast episode.

1:06:07Richard Greaser He lost like 70 or 80 pounds really quickly with zero muscle mass. So I think it was Ozempic that he was taking and his opinions and he was, when he went on Peter McCormack most of his episodes,

1:06:22Richard Greaser he was pre, his politics were pre right wing and now he's you know, white deeds rare, so kind of a transition. It's a big transition. I mean, like And he doesn't work for Cash App or Block anymore either. He quit.

1:06:37Rob Palmer Yeah. I mean, like, we we could have figured out what his stance and politics were a long time ago if somebody just asked him if when if he thought Lin Alden was hot or not. No. But we just didn't know that that was that was the, you know, that was the key. It's like the silver bullet of of, interview questions. Well, anyways, thank you for the boost, miss Hollenott. Yeah. We appreciate the support, and I hope you have a nice piece of orange. Why don't you Just not with me.

1:07:11Richard Greaser The next one is from BiBi, 2100¢. Your peos are not based because the cigarettes they smoke are KYC. Honestly, again,

1:07:27Richard Greaser a very simple axiom, to identify what's wrong with Well, there's a lot of things wrong with Europeans but it really, you know, boiling it down to a meme, they smoke KYC cigarettes. That should tell you what you have to know. Yeah. I mean, I know some Europeans smoke non KYC,

1:07:51Rob Palmer KYC cigarettes.

1:07:52Richard Greaser I'm following Ross. This is broad. We're not true. It's a broad generalization to pay here. But it's generally stated, Europeans are, Peter McCormack talks about it, the Overton window of political thought in The United States compared to Europe. It's in Europe, he's considered

1:08:14Richard Greaser Alex Jones, right wing conspiracy theorist. Whereas in The United States, he's called the progressive pack. In Europe, eating a cipher pot like that is the rebel that's like the anarchist in Europe,

1:08:30Richard Greaser like somebody who pays their taxes, but they will still throw a Molotov cocktail because they don't think that their taxes are high enough, like they want to pay a higher taxes. They're like, we can afford higher taxes, We should have to pay them. And it's just, it's weird. It's hard to understand.

1:08:53Richard Greaser Their version of anarchy in Europe is like Marxist, which doesn't make any sense. It's it's hard to understand the European mind. Most of the based ones, they listen to American podcasts. They come to American conferences. A

1:09:11Richard Greaser lot of them move to El Salvador, some are in this hemisphere. But yeah, or Eastern Europe. Eastern Europe's not the same as Western Europe. Eastern Europe is a lot more based, a lot more non compliant. But yeah, yeah, it boils down to the the KYC cigarettes at the end of the day.

1:09:27Rob Palmer Well, I think, you know, one of the things that makes Europe difficult compared to America is it's you know, it's very like culturally diverse. So like in America, you know, if you if you went to like, a a good government approved school, you know, you grow up saying the Pledge of Allegiance. Right? But the European Union, you know, and that's been happening for for many years, but they I don't think in the your European Union, they they have any equivalent to the the pledge of allegiance. So I think there's just like a general confusion of where their allegiance is. You know what I mean? Right,

1:10:08Richard Greaser right. Europe has been through so many, you know, overturning, so to speak,

1:10:21Richard Greaser and they've made invited so many new citizens into their country. Who also make that they wanted to KYC more people. And now it's like, they just don't have the rich tradition and history and culture that we have in The United States. Europe is very high time preference. They just it's

1:10:47Richard Greaser people really don't have a sense of what it means to be French or English or German or Dutch. Like it goes back much further than the 1980s or the 1970s. They see these like giant, beautiful

1:11:04Richard Greaser architecture all over their country and they they don't know who built it. They don't know where it came from. They can't identify with that anymore. And I think that that's probably, you know, part of their problem. Well, they don't have a constitution.

1:11:18Rob Palmer Right. And, you know, I think people have to, you know, really respect They don't have founding fathers. Yeah, they don't have founding fathers. So, yeah. Like people have to respect American culture. So, you know, when the when the settlers came to The United States, you know, they're like, we're gonna clear out all these Indians so that we can build shopping malls and and pay parking lots. Right? Right. Like, that's one of the intentions that,

1:11:47Rob Palmer you know, Europeans had. You know, they're like, there's too many people here. There's not enough space. They don't have any patriotism. They talk funny. Tobacco doesn't grow here as well as it does in The United States. You know, we're going over there, and we're gonna get rid of all these Indians, and we're gonna make parking lots that we were. And, like, you see this? This is, like, a real issue. And

1:12:11Rob Palmer I think you tweeted about this last week, which was,

1:12:15Richard Greaser something about like why LA is a screw issue. Yes. Thank you for bringing that up. Another thing to easily identifying the difference So in The United States, if you compare it inter entirely, which is the better than the sovereign city in The United States, the two biggest ones to choose from New York City, Los Angeles

1:12:39Richard Greaser There's no real issue about it It's Los Angeles and this is a microcosm of why The United States is so much better than Europe because everybody's here has their own car and they drive everywhere they go. In university people trust, they don't hold their own teas. They don't have car teas at all. They rely on custodial

1:13:03Richard Greaser government solutions like the subway system, the train, the bus, the Amtrak, what have you And in Los Angeles, they don't do that There's none of that bullshit They don't have like the wallet of Satoshi bus system. It is, you know, you get in your car and sometimes it costs more money because you have to get gas. Sometimes it takes longer.

1:13:29Richard Greaser Sometimes it takes more, it takes more time to learn how to drive. You have to learn how to drive adversarially in traffic. You have to learn when it is the best time to, if you have to drive across town, you don't go at rush hour. You don't go when the horrible shitcoiners are flooding

1:13:48Richard Greaser the mempool with ruins. It requires you to just need more personal responsibility, to value energy

1:14:01Richard Greaser and to value just value your own sovereignty of transport, of moving when you decide that you want to move.

1:14:12Richard Greaser Go back, go to Europe. I mean, they disincentivize car ownership. Sometimes it's not even illegal. People don't drive everywhere. They just, they rely on KYC. You know, you have

1:14:28Richard Greaser the permission to ride the train, permission to take the bus, permission to etcetera, etcetera. It's just not a sovereign mindset.

1:14:38Rob Palmer Do you know that the Lightning Network doesn't work in France?

1:14:42Richard Greaser Right. Right. Phoenix Wallet. They they even built a Lightning node. One of those, like, what, three implementations,

1:14:53Richard Greaser major implementations of Lightning LND, c lightning from Blockstream. And then you've got Async. Is that correct, right? Async? The French

1:15:05Rob Palmer Lightning? I'm not even familiar with it. All I know is that when French people try to send lightning transactions and they don't route correctly, the transaction fails. They just surrender.

1:15:20Richard Greaser Exactly. As soon as and as soon as, as soon as The United States change some regulations about their lightning, non KYC lightning wallets that affected the French wallet Phoenix,

1:15:36Richard Greaser Phoenix just raised the white flag, you know, very French, very French movement.

1:15:41Rob Palmer Yeah. So I mean, you can't trust either non custodial or custodial French lightning implementations for that reason.

1:15:50Richard Greaser Right. But

1:15:52Rob Palmer which I think makes it more difficult, you know, because France is one of the biggest economies in Europe. And, you know, they're completely off the picture because they just surrender too easily. When things become difficult, they just give up. You know, lightning is inherently difficult.

1:16:10Richard Greaser Exactly. Exactly. Hard money. Yeah. Hard money should be hard to use. It's difficult to be get a to get a black belt in jujitsu. It's difficult to, you know, become a surfer. It's difficult to win,

1:16:27Richard Greaser you know, the UFC title. It's painful. It causes blood, sweat, and tears, by those who dedicate their time

1:16:40Richard Greaser and overcome that hardship, that struggle They're rewarded with things that money can't buy And that's being a sovereign lightning node rider It's hard. It's gonna it's gonna challenge you. It's gonna make you make some people cry.

1:16:58Richard Greaser Most girls can't do it. But if you but if you're if you're puff and you believe in yourself, you can achieve it. Totally. Well, thank you for the boost,

1:17:09Rob Palmer bit by bit. Appreciate it. The next one is from the broken ruler for thousand stats. And this person says,

1:17:20Rob Palmer what's so special about listening to forty hours of Bitcoin podcasts? At 1.7 x 1.75 x speed, that's only three hours and fifteen minutes a day. Those are rookie numbers.

1:17:33Rob Palmer Enemy of PodConf state, Francis Pulio says that using leverage to trade Bitcoin to build your stack isn't a shortcut to becoming a real Bitcoin OG. But is listening to eighty to one hundred hours of Bitcoin podcasts every week the real cheat code? Sorry, Peter McCormick. If I've only been in Bitcoin for three years, but I've listened to every episode of RHR, Rock Paper Bitcoin, and Canadian Bitcoiners Podcast, am I accelerating to OG status? How many Bitcoin podcasts do I need to listen to to get Adam back to call me an OG?

1:18:09Rob Palmer And why does Fountain Conf approved, have charts for podcasts, but not for podcast listeners?

1:18:18Richard Greaser Paul. That last point.

1:18:21Rob Palmer That really, resonated with me. That's a really interesting question. I think Fountain should have charts for the top podcast listeners. We know that Pies would be number one. Yeah, absolutely.

1:18:34Richard Greaser Pies would be number one. Bio, it is, I mean, the listeners or the reason Well, some people might say the listeners are the reason that podcasts are successful Bitcoin podcasters,

1:18:54Richard Greaser they don't care about listeners in terms of they're going to put that content regardless if anybody's listening. But you're not going to get a boost, you're not going to make money off your podcast unless you have loyal listeners. And I think that having a chart of who are the top Bitcoin podcast consumers

1:19:15Richard Greaser gives podcast creators the ability to decorate those listeners? How do we become a podcast that the most dedicated Bitcoin podcast consumers

1:19:31Richard Greaser want to listen to? It kind of creates that value for value feedback loop. Let me generate content for you and you will in turn base that listening based

1:19:44Rob Palmer to the content I create. Totally. Yeah. I mean, there was a lot here. So I guess we need to come up with like a clear standard for what listening, getting your forty hours of Bitcoin podcasts

1:19:57Richard Greaser in means. You can do badges, like gamify it for every You get your first forty hours of Bitcoin podcast badge or some sort of like medal, something in your, you know, I can call it duty and get like a, ranking, your max forty hours, you could just stack those up. So if you listen to forty hours a week for three years,

1:20:19Richard Greaser that's how many weeks is that? A 100 and Anyways, it's a lot. It's like 160, 150, 156 nuddles there just from doing it forty hours a week for that many weeks for three years. And then you could get one for a thousand. And then if you did twenty one thousand hours,

1:20:40Rob Palmer that's an orange beret. I think I'm gonna tweet this question. How many hours of Bitcoin podcasts do you need to listen to for Adam Back to call you an OG?

1:20:52Richard Greaser Maya, something that's to be considered is you don't wanna just podcast adversarially. You want to consume podcasts adversarially. So if you are going to be number one in the rankings

1:21:08Richard Greaser for listening to podcasts, do you might want to use a new because that puts a target on your back. You don't want people, everybody showing up to your house, asking you for advice, asking you to show them how to you spare a wallet, asking for you to show them how to manage their own lightning node, just because they know you've listened to the most hours that you have the answers. Yeah. I mean, like one of the worst types of advice that somebody can ask you

1:21:36Rob Palmer is like they show up at your house. They're like, hey, I know you're an elite podcast listener. Like, what's the best way for me to get you to transfer all your funds from your wallet to my wallet?

1:21:48Richard Greaser Right. You know what I mean? And you are just gonna be like reacting on instinct answering this question. And before you know it, you've you've given up too much information. You just wanted to impress somebody with how deep your understanding of the protocol is and you revealed

1:22:07Richard Greaser your addresses, your priorities, and you made the mistake there. You realize it before it's too late. I think we had one more here that you skipped. I think that was spam, but they hate us. Thank you, Jadji. I'm not going to say your website,

1:22:25Richard Greaser that you boosted in the because it looks like spam. If I am wrong, correct me in the basement of the snake, but the last one is from a bio, eight zero one SaaS. Like a stable coins. These are kind of like stable coins. They stay the same every week. They create data sets, stay humble, keep reporting and use credentialed journalistic integrity.

1:22:49Richard Greaser And thank you for that one. We will continue to do that. And thank you for recognizing,

1:22:57Rob Palmer that's what we do. I have a sneeze that's, like, stuck in my nose, so I'm, like, waiting to respond before that clears. Yeah. Appreciate the support, Abile. I might sneeze in the middle of the sentence. I don't know what to do about this. This is really obnoxious. I thought last episode was a pretty great episode.

1:23:19Richard Greaser Yeah.

1:23:21Rob Palmer I think it's all a lot. It's nice. It's really nice to live in a community where there's so many noteworthy people like Natalie and Sam that can, okay. I already got my first reply on the tweet. So John Osterman

1:23:40Rob Palmer on Twitter says, you need to listen to at least twenty one thousand hours of Bitcoin podcast to be considered an OG by Adam Back. So that might be the standard, but we'll have to see. That's a lot. It's like orange bureaus status. That is

1:23:60Richard Greaser that's a b, but the question was OG. Maybe John just thinks you're asking about becoming an orange beret instead of a OG.

1:24:11Rob Palmer Yeah. Because I don't know. 21,000 how many hours are in a year? Exactly. There's like 1.5,

1:24:19Richard Greaser 1.75. Steve, though, you start to

1:24:22Rob Palmer accelerate the amount of hours you can get out of the year. So there's there's eight thousand seven hundred and sixty hours in a year. So let's do let's do some math here. So how many weeks would it take to listen to 40? So, 20

1:24:37Richard Greaser So it would take two point three nine years, two point four years, really, to achieve 21,000. So that's a little over one cycle. Now, normally if we do, if you listen at 1.5, though,

1:24:53Richard Greaser plus two, you need seven sixty times 1.5.

1:24:58Rob Palmer So if you were only doing forty hours a week, it would take you five twenty five weeks to listen to 21,000 of Bitcoin broadcast. At 1.5

1:25:11Richard Greaser speed, if you listen to all the podcasts at 1.5 and you listen to nothing but Bitcoin podcast every day, all day, like I do, it would take you one point six years. So you could do it really honestly in just the bull market alone. I I mean, it takes a few years to work. Yeah, that's the limitation. There are people

1:25:34Richard Greaser who like the USC and MMA that do if you wanted to get twenty one thousand hours like BJ and it took him, I think what, three years, two and a half, three years to get a black belt, you've got to really be A, kind of a prodigy and B, you got to

1:25:56Rob Palmer totally consume yourself in that lifestyle. Yeah. I think it's unrealistic to expect yourself to be like the the BJ Penn of podcast listening. You know what I mean? Yeah. Manage your expectations. That's a pretty lofty, standard to kinda compare yourself, I guess.

1:26:15Richard Greaser Yeah. Absolutely.

1:26:18Richard Greaser Well, yeah. I mean, that kinda wraps up the show.

1:26:20Rob Palmer It looks like that wraps up the show. You got any final thoughts to close? I think this has been a pretty interesting and groundbreaking episode.

1:26:30Richard Greaser Yeah. Something I wanted to get into this week that we've just didn't have time to get into. But I just wanted to say for all the people in, daytime Bitcoin spaces,

1:26:45Richard Greaser they've really been bullying our friend Mars because they think he's retarded. And I just don't I just, it breaks my heart Marshall's a good dude He does sometimes seem retarded, but he's not, he's not He's just really passionate

1:27:04Richard Greaser about, about the space And I just think that, I think the cartel should stop not just him, but she's just not bullying people in general who are

1:27:15Richard Greaser trying to interact with them in good faith. It's fine to bully feds If you don't mind being intolerant, it's fine to bully politicians, but, stop bullying Mars. We're bullying our buddy. Well, yeah. I mean,

1:27:33Rob Palmer if there's any like belief that he's a fad, he told me that Lin Alden is hot.

1:27:40Richard Greaser So There you go. That's all the first things we asked him.

1:27:46Rob Palmer It's gonna be, the it's one of the most important questions to gauge where somebody's at, and it's gonna be a question that we're gonna be asking a lot more out here.

1:27:57Richard Greaser Question. Yeah. Anybody who wants to come on this show and, be interviewed by us, make sure you have an answer to that question.

1:28:06Rob Palmer Yeah. Speaking of interviews, I'm, gonna be working through an editing, interview with, Philip d McCombs. I'm not posting it yet today because it it's gonna take some time to edit, but I haven't figured out what I'm gonna do with that yet. So stay tuned for that, but that'll be coming at some point.

1:28:27Rob Palmer But, yeah, anyways, thank you everybody for tuning in to the Beagle Weekly and for supporting the show, and we'll catch you next week.

1:28:36Richard Greaser Later.

1:29:01Unknown Have a little bit of fun. Who are you gonna give your hope and trust? People keep going for what is unjust. Will you allow your brain to turn too much? Or will you choose to chase the rush? Choosing to lift means choosing to defy. Make fun of your peers who

1:30:07Richard Greaser are you going to give your hope and trust?

1:30:11Unknown People keep going for what is unjust. Will you allow your frame to turn too much? Or will you choose to chase the rush?

1:31:08Richard Greaser Who are you gonna give your hope and trust?

1:31:13Unknown People keep voting for what is unjust. Will you allow your prey to turn too much? Or will you choose to chase the rush? Choosing to lift means choosing to defy. Make fun of your peers who are choosing to cower and comply. Go ahead and smoke some arboros so cars can begin to fly.

1:31:59Kailey Welch Thanks for tuning into this episode of the Bugle Weekly. We'll see you next week.

1:32:10Richard Greaser Well, your aunt says so.