0:00Richard Greaser Why why? I mean, why do we have to listen to forty hours of Bitcoin? I mean, I have a I mean, I only have so much time in a week. I do a lot of things. I do a lot of reading. I do a lot of writing. I mean, that means I mean, how how could, like, one possibly commit themselves that much to one single topic and have a fulfilled life?

0:21Rod Palmer I understand as a philosopher, actually. I mean, Lynn Lyn Alden is everything, if you will. She's a stellar human being, hot, the the whole the whole nine. I mean, the the greatest macro analyst, an amazing venture capitalist. We're we're just, you know, we're we're lucky to have her in the space. I think I think

0:40Unknown before Bitcoin, men were more visual, but after Bitcoin,

0:44Unknown men get off by hearing the voice of other men say sweet nothings into their ears about this beautiful orange currency. Right.

0:53Richard Greaser This is one of the powerful things that Dennis Porter is offering the world is is men no longer need Viagra. That's

1:01Rod Palmer what Dennis Porter is offering. So that was another question that fits right in is how did these guys at orgies get these just unrelenting boners before Dennis Porter? I'm trying to Viagra.

1:13Unknown Like, medicine solves not having Yeah. Porter around.

1:17Unknown Well, I mean, I would say so Saturn requires hard work. I mean, you guys know very well how hard it is to be Bitcoin podcasters. I think a lot of people underestimate the work that it takes. So I think you're absolutely right. There's this, this structural push towards sovereignty and and maybe individual expression would be another form that that could take. And so to me it makes sense that people would start getting you know, if they're really passionate about Bitcoin, they'd be like, how can I help the revolution? Like, let me get on and and have a podcast with my friend.

1:48Unknown But the the warning there is, like, it's gonna take a lot of work. You know? You have to, like, every week or every other week or whatever, you gotta sit down, you gotta record, you gotta edit the episode, you gotta promote the episode. Like, it's, try being an influencer per day. You know what I mean? Well, what you do is you start with an emotional

2:05Unknown trigger, something upsetting. You tell them that people doing things that you may not like on Bitcoin is what's causing the price to go down, and then you offer them, you know, light at the end of the tunnel. So here's a solution that could make it. Yeah. And then you offer them, you know, light at the end of the tunnel. Here's a solution to make the price go back up.

2:22Rod Palmer When you're new and you're new to Bitcoin and you've just started listening to Bitcoin podcasts, the only way that you can even begin to discern which idea or which, you know, way of using Bitcoin is the best is by whose memes are dunking on whose. That's all you know, it's like, well, this meme is constantly ratioing this person and their stupid names, their PodConf memes. So they must be wrong.

2:50Rod Palmer I'm gonna go be non compliant for a little while until I can figure it out.

2:54Richard Greaser Welcome to the b weekly. And wow has it been a crazy year, folks. I think I don't know, Rod. What do you think? Has it was it

3:08Richard Greaser a crazy year? Were your expectations on par with how crazy it's been, or did it exceed your expectations?

3:19Rod Palmer If you go back and listen to to our predictions about a year ago, Most of the December episodes, early January episodes of this podcast, 2024,

3:32Rod Palmer 2025, we were predicting a massive year, a big year, a bullish year, a bull market Bitcoin podcast is where we're transforming into.

3:44Rod Palmer And we knew it was gonna be huge. We knew that the fore returning was right around the corner, and that Bitcoin was gonna be critical in re in underwriting the institutions of the future. Little did we know, you know, it's like the meme or it's like it an entrepreneur's journey, you think it's it starts as this linear line to the top. In reality, it's full of peaks and valleys and and cliffs and and obstacles to overcome.

4:15Rod Palmer So we're not going as as clearly as straight as linearly to the top as we expected, but it was still a big year. It was the sloppiest year in recorded history. I don't I just don't think anybody was prepared for how sloppy 2025

4:33Rod Palmer would be.

4:36Richard Greaser It was definitely the year of Club Slop, and I think people are frustrated by that, which is understandable. But I I don't know why they're frustrated by us just reporting that it was the Europe plus lot bit because it was very, very clear. I think it where our predictions were wrong, or at least my predictions were wrong, is I I had hoped for a lot more

5:03Richard Greaser substance.

5:07Rod Palmer But Oh, yeah.

5:08Richard Greaser I I I mean, I shouldn't have been surprised. Donald Trump is the pepslop president. He is the king of American pepslop.

5:18Rod Palmer I want and part of it is people have been used to listen, like, whether you were a Fox News dad or a Fox News uncle, or you were an MSNBC mom,

5:34Rod Palmer MSNBC aunt and this MSNBC uncle, or, you know, a CNN grandma, or a day used to watch The Daily Show, whoever that is, Gen x losers, or or the New York Times, it didn't matter. You knew you had an outlet to go to find journalists who would glaze you. And people love being glazed by the news, love being glazed by their favorite podcasters, their favorite journalists, and

6:02Rod Palmer that's it it stopped. People are no longer being placed by the journalists, and we stopped. And people were we were just reflecting reality as news reporters. Duty is to do without that glaze and people,

6:20Rod Palmer they can't handle it. They they they they hate being told the truth.

6:24Richard Greaser Absolutely. Yeah. It's it's difficult to look into the next year. I feel very optimistic. I think it it's just something that's interesting when you have the end of the year,

6:41Richard Greaser and the start of the new year be right at the beginning of the coldest stretch of winter? Is it it's just interesting from a psychological standpoint of it being cold. Like, you're we're we're in the middle of paper Bitcoin winter

6:56Richard Greaser right now. You're looking into 2026. It looks like there's gonna be no chance of paper Bitcoin summer. The bull market, you you had the bullish news. You had the Simply Bitcoin guys losing their minds. Nico's freaking out. The institutions are here. Super bullish. Price doesn't act bullishly. You've got,

7:23Richard Greaser ecosystem and and group of individuals that that used to just love to get super excited, posting memes about have fun staying poor and making fun of no coiners and how rich they're gonna get and their Lambos and their girlfriends that they're gonna get when the price hits a certain point. You had the hundred k party, and this all these guys, all what they wanna do is they just wanna argue about CSAN.

7:54Richard Greaser They're grumpy about paper Bitcoin summer.

7:57Rod Palmer Oh, what was what was the hundred k party? What was that? It was a bunch of influencers blazing themselves, blazing each other, getting glazed on the yacht. We had won. Bitcoin had already won. Time

8:14Rod Palmer time for a big city party, but instead of astroglide, it's glaze. We're glazing each other. And we we create Donald Trump. He takes office.

8:27Rod Palmer All the HR ladies are getting fired. All the DEI woke policies are getting ripped out. Don Elon Musk pierces pierces into the federal government with a with a Trojan horse full of broccoli haircuts, and they just descend inside the bureaucracy with their little with their AI tools, and the broccoli haircuts are just slash and boom their budgets left and right, finding money laundering. Bitcoin,

8:53Rod Palmer we're getting a strategic reserve. They're gonna take all the savings that the broccoli haircuts have found in the Pentagon, and they're gonna put it in the strategic reserve. They're and they freed Ross. Everything was going Bitcoin's way, and then the price kinda started to fall apart and tariffs started to come into the conversation and people were like, dude, dude, you promised us it would be better to go glazing

9:17Rod Palmer glazing into glory with Bitcoin in 2025. And no, it it didn't go, like I said, the way we thought in the first the first sign of the slop and the just nonsense that was to come was Maxi Madness.

9:34Rod Palmer Absolutely everybody. If you had a poly market, a predates market, or who was gonna win Maxi Madness in March, March 2025, every plant would put his vote, his saps on yellow. Everybody expected yellow. They thought maybe Sailor was coming in, maybe Dennis Porter, my Shinobi, maybe it might be their year.

9:57Rod Palmer But, no, everybody knew at the end of the day, this was Yellow's tournament to lose. He won last year. He beat Chiakiimo. Absolutely posted. And then what happened? Teddy Bitcoins

10:12Rod Palmer started slaying heroes all the way through the memeers bracket. Teddy Bitcoins defeated the hottest of all, Lyn Alden, in the final four. And the Teddy Bitcoins took out

10:25Rod Palmer yellow on his on his path to the finals. Everybody was shocked and at the end of the the the votes coming in for Maxi Manos for Teddy Bitcoins versus yellow were in the hundreds of thousands picking up by the thousands, by the second, in the final minute of that poll. And then tens of thousands of votes came in for Teddy Bitcoins. His fans woke up and and they

10:51Rod Palmer it absolutely showed up, and Teddy Bitcoins went all the way to the final. Michael Saylor, the pioneer of AI slop and AI generated images, Count AI muscles.

11:05Rod Palmer He was the first to do AI muscles, not BTC sessions. And Teddy Bitcoins beat Sailor, and people were absolutely grumpy. I've never seen Bitcoin Twitter as grumpy because I did, as I saw when Teddy Bitcoins,

11:23Rod Palmer he Michael Saylor and Lynn Alden in yellow and Massey Madness, but it happened. And I there was a the the sun came out and shone bright for paper Bitcoin summer briefly. But other than that, there there was no every club is being broke because it's Teddy Bitcoins, one Maxi Madness. Every single one of them.

11:46Richard Greaser Yeah. It was wild. It I that was that was really telling how the year was gonna go, that event. It was just gonna be a year of things not going the club's way. I don't think hardly anything went the club's way this year at all. It was it was the first Maxi Madness

12:07Rod Palmer of hyperbitcoinization. Right? Like, he was the biggest Maxi man that every everything everything was big in 2025. Everybody was prepared. Everybody had created incredible logos for their paper

12:22Rod Palmer Bitcoin, for their conferences, for their their their influencer tournaments. The stake that the stage was set for Bitcoin, Bitcoin podcasters,

12:33Rod Palmer everybody. The influencers, the podcasters, the podcasters were ascending to the rise in the bureaucracy and government. All over the world, podcasters were taking over. And Maxi Madness was like our Olympics, like, it was who who's gonna take it home? And the first big event that everybody was looking forward to, They were excited to vote for Yellow. They're excited to vote for doctor Adam Back. They're excited to vote for Lyn Alden. They're excited to vote for Johnson.

13:04Rod Palmer They're excited to vote for Tomer. They're excited to vote for Green Candle, all these guys. And it just it it turned out exactly how

13:18Rod Palmer it it needed to turn out. But it it was not the outcome people wanted to see. People were starting to to see what it what had become of everything. It was the first it was the first opportunity to see how the year was gonna unfold, and they did not, like, be foreshadowing.

13:39Richard Greaser No. I I think the plebs had this expectation in their head that the price was gonna you're gonna get the the God candle, and that they were gonna return home to their hometowns as hometown heroes. And, you know, they'd be walking in the grocery store, and everybody would turn around and be like, wow. That guy listened to Bitcoin podcast. And then everybody would stop and start clapping for them as they got out of their Bentley with their shirts for driving it for them. And, what happened instead is, you know, they get to the end of the year, and they can maybe or maybe not afford, Christmas presents for their family

14:16Richard Greaser after taxes. And, yeah, it what it really was foreshadowing for the year that it was just the yeah. Teddy, Bitcoins was the dark horse that came in and that rained on everybody's parade.

14:34Rod Palmer You said it. What were we talking about last December? 2025, I like, everything you said, I've heard Bitcoinization, all this. It but at the end of the day, it was supposed to be the year where everybody could afford their taxes again. Everybody's gonna be able to afford their taxes, and people who could afford their taxes were about to it was about to be their time. They're about to get

14:58Rod Palmer the the benefits, the the profits, the earnings, they are the the taxpayers had earned a lot and they've been getting very little for it, and it was about to be their year, and that just turned out to be, you know, more like a to be continued. It's it's it's definitely not here yet.

15:19Richard Greaser Absolutely. Well, q two is pretty interesting. There's a lot that went on there. There's, the Vegas conference, which last year was the Stablecoin conference. That was the the major topic of that event

15:35Richard Greaser of the Podkoff Super Bowl. You had the Israel Versus Iran War going on. You had the I I debated Mike Brock. That was a pretty big event. I'm trying to think, is there anything other else that was notable for q two?

15:55Rod Palmer Well, I think, I think for q two, the defining moment is what you mentioned. It was your, your debate with Mike Brock. Does that really it put the podcast in the spotlight

16:08Rod Palmer big time. I mean, the Bassi Madness was a spotlight for the bugle, not necessarily I I think it was a big win. I think a lot of smart people think it was a big win big year, but that spotlight, I don't know. People were not ready for what happened with Teddy Bitcoins.

16:27Rod Palmer But we were in spotlight again with that debate because Mike Brock is an executive. He worked very closely with Jack Dorsey. He was a he would go on podcast, talk about being a libertarian and how Bitcoin was this tool, and it like, she was building it in the Cash App, like, one of the first companies to really embrace Bitcoin.

16:50Rod Palmer Mike Dirac is a heavyweight of big and he is a sophisticated philosopher. You dismantled him. You you sent him with his tails between his blades back to substack, back to his echo chamber.

17:09Rod Palmer So reflect reflecting on that, how how would you how do you see that in hindsight? Because that was very much a a an a tipping point for for you and for the podcast, with that debate.

17:24Richard Greaser Yeah. I think it was a it was an interesting moment. I mean, it it's just there's these times where, like, you know that as a Bitcoin podcaster, as a Bitcoin podcast listener, as a Atlas Shrugged reader reader, as a cigarette smoker, that you're so far ahead of other people. But up until the point where you actually

17:48Richard Greaser have some sort of toe to toe competition like I did with with Mike Brock with the sophisticated philosopher. It's just it it makes it so much clearer when you have that type of competition to just see how much further ahead you are than these guys that are suffering from Trump derangement syndrome, that are, just lost in outer split space,

18:13Richard Greaser that identify with the villains of an Ayn Rand novel. Yeah. I did. I don't know. It was it was a fun moment. Yeah. It is. This is a lot of plebs.

18:27Rod Palmer And they we're we're we'll definitely get into Matthew Kratter and Bitcoin University here in later in the show. But a lot of them, they their ideas, their predictions, their philosophy, their game theory,

18:43Rod Palmer their ability to think for first principles. It is it is put on display, it's sheltered, it's, it's it's protected from outside criticism, outside attack, outside questioning, anything like that. And it's like it's like a people who do, kung fu or they train martial arts with Steven Seagal. And Steven Seagal when Steven Seagal is on the mat

19:09Rod Palmer with with his, with his students, he barely has to exert air. He's flipping these guys up and down their head, dismantling them with full with without breaking a sweat. But you you go against you put one of those students against a jiu jitsu black belt, and it's over within a matter of seconds because jiu jitsu practitioners

19:30Rod Palmer work every day, like, it doesn't matter how sore they are, no matter how sick they feel, they are testing their ideas against people stronger than them from all different backgrounds in the in in their learning and it's like Matthew Crowder is the type of guy who's not going to the mat to roll with, black belts in you know, Mean Gangers, black belt plaids, black belt cypherpunks,

19:58Rod Palmer it it's he's sticking to his classroom, his his border off classroom, and he's he's basically just beaten up plaids without anybody coming in to to challenge him as his own weight class.

20:13Richard Greaser Yep. Yeah. Mike Brock's kinda it's been interesting following Mike Brock because I didn't I didn't follow much of his Substack stuff before, but I watched a few conversations he's had since. And, he seems to exclusively curate people in his life that will glaze him.

20:36Richard Greaser He seems to live in this echo chamber of only selectively allowing people in that will glaze him, which which gives him this unrealistic expectation or or understanding of of where he's at, where he in his mind, he is the world's premier, most sophisticated

21:00Richard Greaser philosopher, and the people speaking with him agree with that. Now I think, as journalists, we live in a very different

21:12Richard Greaser environment than that. We are out there on the battlegrounds constantly getting shit hurled at us and, dishing it back. It's a it's a very adversarial

21:25Richard Greaser environment that we're operating in constantly. So you constantly get feedback as to what I I don't know. You just get feedback in general besides people just telling you that you're the smartest, most sophisticated philosopher in the world. You get angry plebs. You get angry,

21:50Richard Greaser Bitcoin developers. You get angry, sophisticated philosophers. You get angry, you know, just a slew of angry people constantly coming after you that you gotta analyze their responses, which I think is just a it's a good position to be in, because it it's being in that adversarial environment, like, in that that like, if you're a black belt

22:16Richard Greaser jujitsu practitioner and you're out there and you're only, training with white belts, you think you're gonna be the best in the world. And and what's actually gonna happen is your skill set's gonna degrade, Whereas in in many ways, we're we're black belts dealing with black belts of journalism, dealing with black belts of all sorts of other, you know,

22:41Richard Greaser practitioners of of different skill sets that we're challenging on a regular basis. And, I think that's part of the reason why, you know, individuals like Matthew Kratter just are are so alarmed by us because they they want to protect their like, Matthew Kratter is that black belt, and Bitcoin University

23:03Richard Greaser is exclusively full of white belts. He doesn't allow anybody in that isn't a white belt because he is afraid. He's the he's the presser professor that's, you know, afraid that a student is gonna make him look stupid and challenge him. That's why he expelled Stu from Bitcoin University.

23:24Rod Palmer Yeah. I think Crowder is afraid of the plebs, ultimately. And so he tries to shield himself from any pleb who's stronger, smarter, or might challenge him. And he he just Matt Schroeder,

23:41Rod Palmer he's cultivating a community of compliant but compliant to Bitcoin University's ideology. And there's gonna be a lot more of that because Mike Brock ran into, I think, a similar problem that a lot of people have. They they they they discover Bitcoin and they think that they found a cheat code, so they can now play

24:04Rod Palmer life, the game of life on easy mode you know they they they're just they're gonna go through like a Mario just dunking on the plans like Mario jumping on the little mushrooms just clean bopping them on the heads and they they go wet it's just gonna be that easy and then they're gonna go and they're gonna find the Fiat Bowser who's holding some hot hot babe who is just all she cares about is money,

24:30Rod Palmer and once you have enough Bitcoin, she's gonna realize I could do that. I wanna go I'm gonna go with the hero who just beat this game on easy and they they think they've gotten and they think that that's what it's gonna be and they they think that they're gonna go through life once they've discovered Bitcoin and they're and they're everybody's gonna be glazing them glazing their means they're gonna have to because they're right Your friends and family have to admit that you're right. And they find this they realize it's not true. And if their ideas cannot handle an adversarial environment, they could their means they feel entitled to have their means glazed. And when they don't get it, they wonder why. And they start to lash lash out and instead of using the the feedback,

25:14Rod Palmer the high entropy feedback like in Jiu Jitsu when you are facing that pressure, somebody's trying to choke you out or break your arm or put you in a omoplata And you have to figure out how to how to navigate that negative feedback, that harsh feedback into to achieving your goals. And they can't do that. They they like I said, they go into the do the dojo.

25:37Rod Palmer They go into the dojo and have and it they go to the dojo to get glazed, not to have an adversarial interaction.

25:46Richard Greaser Well, you see you see this happen all the time where you you've got these individuals that that set up these dojos. They they don't actually have the proper credentials to be instructing their students. The only people that show up are the ones that are glazing them, and all of a sudden, a black belt from another dojo shows up and they're like, you're you're a faker. And,

26:08Richard Greaser I don't remember when this specifically happened, but it might have been q two around that time or getting into q three paper Bitcoin summer when you showed up to Matthew Kratters' Dojo and you pointed out that he charged $790

26:26Richard Greaser courses and he had a meltdown.

26:29Rod Palmer Right. It's it's on his website. I mean, if you go to bitcoinuniversity. If you are searching for an institution of higher learning that that meets your values and is aligned with your incentives and you go to, you know, bitcoinuniversity.com, and you want to enroll in courses, you want you you wanna see this, you know, curriculum,

26:55Rod Palmer You wanna learn about Bitcoin. And, it says $790 payable with credit card. So we reported that. We've said, hey. If you're looking for an alternative, we know that college is a shit coin.

27:12Rod Palmer The the universe the ideally universities have definitely proven this year to be a shit coin. They're a Bitcoin university. It's an alternative. $790 is definitely cheaper than $50,000 a year at your Harvard, and he blew up on us. And, like, could maybe

27:30Rod Palmer some of his some of the plebs who follow him said that he doesn't like advertisement. He doesn't like people to advertise what he's doing. He doesn't like people who market or advertise and get the word out about what he's doing because he's humble. He just wants to help plebs learn about Bitcoin. He doesn't want praise and adoration. He has more free marketing. But that's the that was the best explanation we got. We don't understand why he was so angry.

27:57Richard Greaser Absolutely. Yeah. I mean, it was I mean, I think I think he knew that if he lets you in his dojo to spar, he would look completely inept in front of all of us students. And that the only way for him to do it was to to block you and to block the bugle

28:19Richard Greaser and to to label us as, as bad actors. Like, he he I think he was fairly self aware in that regard of knowing that is the only way to deal with journal journalists of our caliber and and Bitcoin podcasters of our caliber because I'm I'm still blocked by Mike Brock, by the way.

28:45Richard Greaser I think he realized that too. That in that scenario, when I went into his dojo and I hammered him, he had to pretend like it didn't it, never even happened. Like, he never ended up publishing that video. He never references it. He he kind of exists like it it never happened. And,

29:08Richard Greaser I don't know.

29:10Rod Palmer Well, yeah, that's that that is the the ref the last refuge. Right? Like, if you do something embarrassing and it makes the news, you you just have to shut your mouth and hope that nobody reads a newspaper. And the the bugle is a smaller organization,

29:29Rod Palmer so it's less likely that, people, especially in Los Angeles, like, it is, in his the circles that he runs in, are gonna read the bugle and and see how embarrassing his, he, you know, his his sparring match with some credential journalists of our caliber,

29:49Rod Palmer you know, he's gonna hope that they don't see, he has learned not to not to, raise attention to the journalism written about him by us because, you know, he realizes the truth to it. Absolutely. He doesn't wanna call attention to

30:08Rod Palmer the truth. That is what Matthew Kratter is constantly trying to avoid. He doesn't wanna call attention to the truth. He wants to, he wants to just scare the plebs.

30:18Richard Greaser Absolutely. Well, q q three was pretty interesting. It was really the kickoff of paper paper Bitcoin summer. You you had a great paper Bitcoin summer.

30:32Rod Palmer Why do you the paper Bitcoin summer was great if you what's the term, Riley? It's like if you knew the good old days, if you knew in the good old days when they were happening, you could stop and enjoy them. It's like I knew right away that Paper Bitcoin Summer was too good to be true, but nobody else knew that, so there was still a lot of parties, a lot of optimism, and I decided to join them. I decided to join Paper Bitcoin Summer and have a good time, because I knew, it was it was definitely too good to be true. It wasn't gonna last. But, you know, that's why I didn't buy any paper Bitcoin. I would you you contrary to popular belief, you don't even have to own Bitcoin to be a part of Bitcoin community to be be a part of Bitcoin Twitter. I mean, Swan didn't have any Bitcoin. They would take they would take your Fiat and keep it and then gives give you somebody else's Bitcoin.

31:23Rod Palmer It's kinda like an LTCD escaporation there, but they were gaining Fiat. You don't have, like, what was his name? Who was the guy that crashed out super hard last cycle? He's on Clubhouse. He's got, like, he's, like, the old guy. The old Jewish cranky guy.

31:41Richard Greaser Bitcoin Tina?

31:42Rod Palmer Bitcoin Tina. Right? Bitcoin Tina didn't know Bitcoin. He's had he crashed out because he had, GBTC. A lot of people who had GBTC ended up crashing out. You don't, you know, you don't have to buy paper Bitcoin to get into the parties, to get into the fun, to get in on the means, to get in on the action, so I had a great time. I I just enjoyed it for what it is. It didn't put my put my money into any stupid stocks, so I had a good time. And if you did that,

32:11Rod Palmer mostly you had a good time too. But some people, they didn't they didn't they they were Peter Pilots. They never wanted paper Bitcoin summer to end.

32:21Richard Greaser Yeah. I didn't go to any of the parties. Yeah. Wait for Bitcoin. You were grumpy for paper Bitcoin summer. I remember that. I I wasn't that grumpy. I I I You looked like I was grumpy this summer. I was a little bit grumpy, but I wasn't that grumpy. I just I I live vicariously through you. I watch you having fun going through the going to to the parties, and I had fun watching you have fun.

32:48Rod Palmer And you can do that too. You can do that too. There was a lot of people who enjoyed Vapor Bitcoin summer vicariously.

32:55Richard Greaser I I did enjoy I I mean, I was, like, kinda on the opposite end of the spectrum where I really enjoyed watching a lot of plebs and podcasters get really grumpy about Bitcoin Summer paper Bitcoin Summer. And, they were a lot grumpier than I was, and that that just made me chuckle. I had a lot of chuckles seeing how grumpy they were. Because I, you know, I I think we both, like you said, we we both knew it was too good to be true, that it wasn't gonna last very long.

33:28Richard Greaser I think I I at least was impressed with how short the summer was. I thought it was gonna last a little bit longer, but yeah. I don't know. It it was just funny to see see the emotions on on all sides.

33:47Rod Palmer Well, a lot of people invested a lot of money and a lot of energy, a lot of their reputations if they were Bitcoin summer. And they some of them knew what they were getting into. Some of them didn't.

34:03Rod Palmer Some you know, everybody had a different reason for coming to pay for Bitcoin sooner. But, you know what I mean? It's people spend a lot of money, and it didn't work out. Right? And but that is

34:17Rod Palmer see, that is part of where Truce comes in because everybody likes to talk about they like to glaze paper Bitcoin. Everybody was glazed in paper Bitcoin. All the opportunities to buy paper Bitcoin companies, to

34:35Rod Palmer to buy with leverage, to get outperform Bitcoin, to be more interesting than Bitcoin, to be better than Bitcoin. People loved to glaze paper Bitcoin, but they didn't love to talk about the risk and how big the risk was and what the and what the risk was and what the rules of the game were.

34:57Rod Palmer How would these paper Bitcoin companies be treated by debt markets, by credit markets? You know, fundamentals, he's trying to talk about this a little bit. He's a little autistic, and he and he and he sometimes he had trouble communicate explaining themselves, but I think people are starting to listen that that fundamentals has very good instincts about about risk and and he would but very few people were willing to talk about Pay for Bitcoin's risks and it and people got caught glazed and confused

35:27Rod Palmer with Pay for Bitcoin summer ended short ended abruptly and there's they were like looking back and they're like Jesus I was absolutely I was I was blacked out on glaze I was glazed out

35:42Rod Palmer and I just couldn't see what you know I I couldn't see I now I have I had glaze goggles on and it it's all really was, I think. I think it was just a a sloppy glaze.

35:56Richard Greaser It was a wonderful time. I'm I'm really sad at the prospect of not having another paper Bitcoin summer this upcoming year, but we'll we'll see. It might come back.

36:10Rod Palmer Well, it's it will come back because it may not come back in exactly the the same shape or form as Paper Bitcoin Summer, but there is no doubt in my mind that plebs plebs have not stopped. I have not for they will not forget again how to glaze in moderation. Plebs cannot glaze in moderation. They always overdo it, and in paper Bitcoin will be glazed hard again,

36:35Rod Palmer just like GBTC was, you know, a few years ago.

36:40Richard Greaser Yeah. We'll see if Teddy Bitcoins wins, the next Maxi Madness because I think that'll be a huge indicator for how, paper Bitcoin summer will go. But, yeah, there were some other things big things that happened q three. It ended with the podcaster getting shot,

37:00Richard Greaser Charlie Kirk getting shot. There was, the peak of the I think it's fair to to say that the Nazi node wars have peaked, and it's all downhill from here for them.

37:18Richard Greaser But it was the peak of the CSAM debate, and, the term plebslop really started to go mainstream and catch on. Those were the the big defining moments of q three from my perspective.

37:34Rod Palmer Yeah. Yeah. The Charlie Kirk. Where you at? Every podcaster remembers where he was today, the moment they found out. It's Charlie Kirk had been shot. And every podcast listener, the same.

37:53Rod Palmer Okay. There was a lot of, you know, that feeling that this acceleration was building up towards something, this fourth turning energy was building up towards something. When Charlie's hurt got shot it felt like the the pressure had been building to this moment and then the release valve was gonna be action and we didn't know if it was gonna be righteous action, if it was going to be violent,

38:19Rod Palmer sloppy action. We didn't know what would this action was gonna be, but it felt like I mean, the the the FBI, the juror the justice department is led by a podcaster. A podcaster is investigating the assassination of a podcaster. We thought this was going to go a certain way. Our predictions,

38:40Rod Palmer I think, broadly were not very accurate, at least our time for references weren't, because we did not realize how sloppy it was going to be. This moment was going to unleash the trial, but most importantly, slop, especially

38:59Rod Palmer the kind of ugly, vicious, knee jerk, antagonistic type of slop that came. And that's what really it it really boiled into you, and it the CSAM kinda came out this. You're a pedophile

39:16Rod Palmer if you don't run knots in this filter, this filter scheme that we've got that we're saving Bitcoin, you're a pedophile, you're a you're putting child, you're enabling child pornographers or that Charlie Kirk deserved it, or this is racist, or these people deserve to be assassinated, or every single immigrant needs to be loaded into a catapult and fired into the Gulf Of America. It it the vitriolic slop just that came from and what has so far

39:48Rod Palmer been the development of Turning Point USA in the wake of Charlie Kirk's death. His wife, Erica, is turning

39:60Rod Palmer his estate and his legacy into plug slot. She's turning it into WWF, Righteous Gemstones, USA, e two bomber, Epstein, Didipari,

40:14Rod Palmer pupslop. And that's disappointing because a podcaster, he was to people were comparing it to Martin Luther King or George Floyd. And just like George Floyd is legacy became Club Slav.

40:29Rod Palmer Absolutely. Or is becoming or is becoming Club Slav. So it's like, that was kind of the marquee event because right right before Charlie got shot, just I think it was a week before that is when Dennis Porter stopped making announcements. Dennis Porter almost it's like he sensed what was coming

40:49Rod Palmer and step stepped out of the limelight for his own protection. He saw it making announcements, and then Charlie was shot, and then everything's devolved in the plug slapping. We've been in a plug in a an announcement recession.

41:04Richard Greaser Yeah. It was almost like there was an implosion. It it it feel like q three was in many ways, it it was like a controlled demolition a lot of ways. And and and PubSlop was the the orchestration of this demolition of, like, Erica Kirk is

41:28Richard Greaser PubSlop controlled demolition at Turning Point USA. You got CSAM being the control the PLEVSLOP controlled demolition of the spam wars. You've got Dennis Porter announcement slowdown.

41:46Richard Greaser I don't remember when his last announcement was. The it was the California guy, which I think happened a little bit after that, but Dennis Porter announcement slowdown was the, demolition of the Bitcoin price in the bull market.

42:03Richard Greaser You got the Epstein list being the Pub Slot demolition of the the excitement around the the Plebslop presidency, it just

42:18Rod Palmer It's the glaze got unsustainable. There's there it's impossible to glaze the amount of slop coming our way. We cannot sugarcoat the truth anymore

42:33Rod Palmer because it's coming at us too fast, too high definition, from too many perspectives, from too many angles. It's one one of the things I tweeted after Charlie Kirk got shot, and that because that was the week after that that girl in Charlotte, that hopped on girl got stabbed to the neck by that dude that should have been in prison.

42:55Rod Palmer And it was it was you couldn't stop you couldn't avoid seeing an image of somebody getting stabbed in the neck or shot in the neck on on any timeline that week or that two weeks and it was I tweeted like, you might as well watch the video, you might as well look at it because you can't avoid the truth anymore.

43:16Rod Palmer The truth is common and it's if I would add to that it's like the truth can is no longer going to be glazed the revolution will not be glazed and that's kind of where it is like we it is became unsustainable and now we have no way for rose tinted glasses we use to view reality, there's no escape, we cannot go to any single outlet television channel

43:41Rod Palmer newspaper and get glazed like we used to.

43:46Richard Greaser Yeah. Q q three was really that inflection point in the foreturning. I I think this it was really the it that was the quarter that's gonna define the feature of the of the four turning. Just the the entire,

44:05Richard Greaser what's the word? The entire atmosphere of what it's gonna be like, what it's gonna feel like, political discourse, the way that people communicate with each other, general violence, just the economic chaos, the way the information flow works,

44:28Richard Greaser the types of topics that people will podcast about, the way that podcasters will argue with each other, the way that institutions are just gonna collapse in in faith and trust in them, the way that, excitement will just fizzle out, people will turn on each other.

44:51Richard Greaser Q three was wild.

44:54Rod Palmer You know, q three, that's I mean, you had core v three that, that activated

45:06Rod Palmer on, what, October 30 or October. It was Halloween, basically. We had the spooky spooky spaces, the death of Bitcoin, and, lo and behold,

45:19Rod Palmer it was absolutely it it, Obviously, we know that core v 30 is not the most likely explanation for why the Bitcoin price crashed from all time highs in October and has been on a downward bear market, tilt ever since. However, Motze Klevsloppers

45:42Rod Palmer love that explanation. I love to share. Adam Smekka's got the highest IQ. He sees a correlation, so it's at least we're talking about. But, the I'd say maybe maybe the better angle on it is that the accumulation of our decisions

46:02Rod Palmer at of our consensus more broadly in the Bitcoin community and and the broader general society is, has been has come to fruition, and it is Bitcoin's price can't keep going higher if we can't glaze the truth. We have to have a we have to find a better way to glaze the truth

46:23Rod Palmer or to tell the truth. Otherwise, Bitcoin cannot sustain.

46:28Richard Greaser Absolutely. Well, we're we're at the end of q four. Q four has been, just dealing with the aftermath of q three pretty much, and, it seems like it's setting up for, just the beginning of next year. I think the defining moment of this quarter was Dennis Porter's disappearance.

46:52Richard Greaser He has not or I think we're getting close to thirty days at this point of no tweets, no announcements. Price dip in. People are questioning whether we're in the bear market or not. You got the samurai, developers

47:10Richard Greaser going to prison. You got the quantum people slopping about quantum FUD everywhere. It's cold. It's cold outside.

47:23Richard Greaser We're definitely in, a cultural winter, if not a, price winner. But, yeah, I mean Few weeks ago,

47:32Rod Palmer we were optimistic that, we're gonna be at a 100 k right around now. We thought we're gonna get another 100 party, on Michael Taylor's yacht. I mean, they we're talking about trying to revive Vides Capital or at least have somebody at Vides Capital, make sure that, Tatum had a good suit a good tuxedo

47:54Rod Palmer to wear the Sailor's next hundred ks parade because there's a good chance he's gonna run into Aubrey Strobel there. They won't wear his wrinkly old church clothes to the hundred k party, but it's again, our our optimism is not

48:13Rod Palmer needing reality. Is it is it is it pointless to be optimistic, I guess, is my question. That is going into 2026. Is it cringe to be optimistic?

48:26Richard Greaser I think in a lot of ways, yeah. I mean, it just kinda depends on what you're optimistic about. I think there's a lot of things to be optimistic about, but it's just

48:36Rod Palmer I don't know. I think a lot of people are not looking forward to another Thanksgiving, another Christmas next year. A hot wave having to having to face disappointment that they're, you know, family members saying, I told you so.

48:52Rod Palmer They're not looking forward to maybe having another Christmas where the pledge don't get Christmas presents. Like, people are tired. They don't know if they can do it again. And so they just don't have the energy to be bullish. They're going into 2026, and they're like,

49:08Rod Palmer just even somebody talking about being bullish makes me grumpy. I just don't have the energy anymore. Yep. I mean, can you blame them? Can you blame them?

49:19Richard Greaser I mean, I think it's a it's a good, healthy, experience for people because I I I think that, you know, when when you build your your house on stand when you on sands, when you build your worldview on top of Plattswap when it gets dismantled by the storm, I think it's a good, healthy experience. And, like, the the pain that people are experiencing right now is,

49:49Richard Greaser it it it's healthy because you should feel pain, like, when you build your life on top of blood slop. You shouldn't feel optimistic about the Publix lab narratives that have been dismantled by reality.

50:04Richard Greaser But does that mean that you're not optimistic entirely? I don't know. You you're gonna have to go through the soul searching yourself to figure that out. But, no. I don't I don't blame her. I get I think it's totally a healthy, good experience to to not feel optimistic about, you know, whatever's in the future. But

50:27Rod Palmer Well, I would say I would add to that that I think at this point, you don't have I mean, you don't have to like Club Slap. I don't think anybody really likes it. Some people do, but you don't have to. You don't have to embrace Club Slop. But you most probably, you don't have to be afraid of Club Slop, but you do have

50:48Rod Palmer to respect it. Because whether you like it or hate it, love it or fear it, it's reality. PlevsLop is here to stay, and PlevsLop is, the the the plebs can slop longer than you cannot crash out, basically, is the way to think about it. So just respect the Plev Slop and if you respect it, respecting Plev Slop is like, you know, is wreck respecting a big,

51:15Rod Palmer a big rabbit dog. You don't have to like dog. You don't have to be afraid of the dog necessarily as long as you stay away from it and you respect it. You have nothing to worry about. You will be okay. That's how you should feel about Ploapslop.

51:28Richard Greaser There sure are some people that absolutely love Ploapslop, like, neat neat creations, Austin L. Gold, Adam Smacka, those guys, they love their club slot.

51:41Rod Palmer And it's yeah. I mean, people people can definitely they can just they can be they can glaze themselves and be glazed over by club slot. Nobody wants nobody wants to end up in that situation. Those guys aren't those guys don't even love the the plex their plexilop addictions, I guess,

52:01Rod Palmer if you're really thought about it.

52:04Richard Greaser Alrighty. Apologize about the cadence of the episodes. It got completely turned around with the, holidays, but here are the fountain boost folks for the quantum coral has commenced. This episode was, published,

52:19Kailey Welch I think, a

52:20Richard Greaser week later than, we intended to. Kaylee's been running around with Ecash Shaler, and so she's a little bit distracted by that. But thank you for the boost on this one, guys. Late stage Huddl says, keep up the good work, boys. Hope y'all had a Merry Christmas and are having a happy New Year. Well, you sure did.

52:45Richard Greaser It's gonna be an interesting year. I mean, it's, you got the we didn't talk about this at all in the episode, but you got all the the shit going down with Venezuela. The the empire marches on. And, there's gonna be a lot to Bitcoin podcast about this year. I guess that's, you know, one of the ways that you mitigate

53:07Richard Greaser the volatility of the four turning is you become a podcaster, so you you have, like, a reason to deal with all the shit because you got stuff to talk about. But yep. Next boost, Enoch six one six says, hey, guys. Merry Christmas to you both. Hope you had a great one. You definitely started this episode on a high note, but you nailed one thing. The fun and narratives on x are constantly shifting, and the plebs

53:33Richard Greaser keep falling for the same stuff. It's fine to debate and swap ideas, but constantly fighting in the comments is just getting exhausting. It's also true that the people you mentioned are trying harder every day to say something even more outrageous just for engagement, and they're getting paid for it. Honestly, that's one of the reasons I'm tired getting tired of x. While it's true,

53:56Richard Greaser I've met some great people online, including you guys. I've also run into so many crazies in my DMs who just won't listen to reason. That's why when it comes to Bitcoin, I'd rather just read article, listen to podcasts, and check out the core newsletter. X just isn't the same anymore. Plus,

54:16Richard Greaser I don't have as much free time as I used to. Anyways, I wish you all a happy New Year twenty twenty six. Let's see what's in store. 2026 is definitely looking like it's gonna be a very interesting year. Yeah. I mean, you you see this, like, there's

54:37Richard Greaser there's been a major drop off in activity in the in the Bitcoin Twitter ecosystem. And, you know, the people oftentimes throw it up the price, but it it's just there there's not a lot of stuff to get excited about

54:59Richard Greaser on there. And and and people are grumpy, and they're you know, the the algorithm is just it like, Twitter seems to be the rage bait site. That's what people are doing. They're just rage baiting each other. They're just dunking on each other. And, I understand why it's it's uninteresting. I mean, there's, like, a bear market across, I think, all the, Bitcoin adjacent

55:27Richard Greaser social media groups in general. The group chats are quieter. And, you know, for a lot of people, it just doesn't make sense to be participating in these platforms

55:43Richard Greaser because they they're the front lines of of the war in many ways of the foreturning of of all these different parties fighting against each other and jockeying for control and influence in the world. And you go on there, and you're just being

56:01Richard Greaser subjected to sign up after And, like, that really there there's only a few reasons to be participating in social media, in my opinion. One is networking. Two is selling something.

56:16Richard Greaser And three is trying to either propagate or counter narratives for a variety of reasons. And a lot of people just do not understand that that this is, like, the purpose of these platforms. Like, if you're out there and you're trying to propagate or counter narrative, you're like, you're gonna be disadvantaged just kinda like playing, at the casino

56:36Richard Greaser in Vegas. You know, the the house has the advantage over you. I mean, you can still win in some ways, but, you know, you might you might just be feeding into the Leviathan of information warfare unnecessarily or, you know, whatever. But,

56:56Richard Greaser it's it's it's like it's somewhat as as somebody that's creating content, it's kind of I feel as pollic is in my interest to try and get our listeners engaged on on the social media, but, like, I just don't think it's that good for you. And so, I mean, that's why, like, all the these podcasters and pod comps, like, they're they're always trying to

57:19Richard Greaser to get people on social media to engage with them and engage with the content, you know, whatever. But, like, I I I think dropping out, if it's just not doing anything for you, if you're not feeling good, then why the fuck are you doing? Just hang out in the group chat or,

57:37Richard Greaser you know, hang out hang out with people in person. You just like the you gotta do the things that that make you feel good. Like, if it if it doesn't feel good, just stop, and and don't feel bad about it. But, yeah, Enoch, thank you for boosting. Appreciate you engaging

57:55Richard Greaser with the podcast. You too, late stage hall. Jason c, 2112 sats says, outro music was real toe tapper. We we've got the the plexus

58:08Richard Greaser Christmas album. That was a lot of fun writing that with Rod. I forgot which Christmas song we ended with, but it was one of them. Sasha, 2,100 says, great show. Well, thank you, Sasha. User two two two nine zero six six six eight. Fifteen hundred says, I was married to quantum mechanics

58:33Richard Greaser theoretician, but she left me for a particle physicist. But then he divorced her to date a nuclear scientist, but then she broke up with him to hook up with a astrophysics researcher. Sounds like a lot of autism to me.

58:59Richard Greaser I feel like, you know, people like that that are that educated are really hard to interact with because they just live in this world with so much context that it's like gods among mere mortals in some way. And that that's how Bitcoin podcasters are hanging out with with, you know, no coiners,

59:24Richard Greaser forty hour per week listeners. You're kinda like astrophysicist, but it I think it makes dating hard because the dating pool is so small. You know, when you're, like, a super educated I I don't really know what the point of this message is, but it just makes me think. Like, when you're, like, a super educated

59:50Richard Greaser individual that has an incredibly high IQ, the dating pool is pretty small. I don't know. I I whatever. Thank you for the boost. That's that's a nutrition boost. I have no idea what you're talking about, but sounds like an interesting dating life. Pelican $61,001 says, noster is the US dollar of social media.

1:00:18Richard Greaser I I mean, that's pretty interesting. That that's a very, very, very interesting take. And, what's the Bitcoin of social media then?

1:00:35Richard Greaser What's the tether of social media? I'd like to spend more time on the Oster. Should people do some interesting stuff on there? Pies, 121 sats. Salute emoji, magnifying glass. Steak,

1:00:54Richard Greaser mushroom, strong-arm. Thank you, Pies. BTC on board, a 100 sats. Thumbs up. Thumbs up. Thumbs up. BTC on board, a 100 sats says, quantum is fake and gay, VC scam until I can't can factor random three digit integer. Until then, my younger kids are smarter. Yeah. The the quantum fun. I I don't know. Did that already die? Was it, like, a thing for, like, a week and is already dead?

1:01:23Richard Greaser The BTS onboard, three thumbs up. Again, for a 100¢. But, thank you guys for the fountain boost. Thank you for being a supporter of the Beagle. Thank you to our subscribers. Been completely, discombobulated

1:01:44Richard Greaser with the holidays. Like, I I I'm excited to get back into more of a consistent content push.

1:02:06Richard Greaser Get back on, just get back on a, a rhythm. Get back with the interview. We're we're gonna develop the rhythm again going into this, upcoming year. I've been working on my hero series. I put a lot of thought into this next episode, which I will put out this week. It's

1:02:35Richard Greaser and I I've got, you know, more episodes in the pipeline ready to go. I've been working on my heroes album. I'm excited about that. And, you know, we've been working on just creating more content like, shows and music videos and all sorts of stuff. And, I'll be pushing out

1:03:00Richard Greaser stuff exclusively or or in advance for our subscribers. So if you're supporting us, really, really appreciate it. Guys, happy New Year's. Thank you for being a listener of the show. We'll catch you on the next one.

1:03:31Unknown You heard the call will be something more

1:03:34Kailey Welch and try to ignore it, but the The world needs heroes to do what must be done.

1:04:20Kailey Welch So answer the call because the brave don't run.

1:04:23Unknown Stand your ground. Fight for what's true.

1:04:27Kailey Welch Choose what's hard in pursuit of virtue. It may seem like all hope is gone,

1:06:32Unknown The battle for your heart may bring you close to breaking, but if you keep fighting, victory will be yours for the taking. When times are hard, it's a call to become. You're the best. If you are true to

1:07:01Kailey Welch The world needs heroes to do what must be done. So answer the call because the brave don't run.

1:07:10Unknown Stand your ground. Fight for what's true.

1:07:14Kailey Welch Choose what's hard in pursuit of virtue.