• 2 days ago
Sunday Morning Live 15 December 2024

In this episode, I tackle diverse topics including philosophy, personal development, and societal trends, starting with reflections on creativity and early morning thoughts. We discuss workplace challenges like gaslighting, the fleeting nature of inspiration, and parenting dynamics rooted in respect. The conversation shifts to societal expectations surrounding reproduction and analyzes cultural trends through Taylor Swift’s milestones.

I explore the balance between personal ambitions and societal pressures, alongside insights into cryptocurrency, particularly Bitcoin, and its potential to reshape economic landscapes and individual freedoms. Engaging with listener questions highlights the importance of community support. I conclude with a message of hope and responsibility, encouraging active participation in discussions that shape our lives and society.

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Transcript
00:00:00Good morning everybody welcome to your Sunday morning live December the 15th
00:00:09yes yes if you would like to give philosophy a very merry XXXmas Christmas
00:00:17you can donate at the Only Stephans site known as freedomain.com
00:00:23live non-speaking operators are standing by pretending to talk to you
00:00:30wait no that's a different business model but it's similar so if you would
00:00:35like to help out philosophy give myself a smidge of a Merry Christmas I would
00:00:40really appreciate that freedomain.com
00:00:44slash donate fdrurail.com slash locals to join a great community there you get
00:00:54access to all the premium shows and just a lovely juicy beautiful stuff
00:01:02hmm interesting oh yeah that's where the chats can go up ah interesting I did not
00:01:07know that and how do you there we go all right okay so let's get your questions
00:01:12and comments and dig and dive right in to what you have going on
00:01:19yeah sorry I was just saying before the show a little low energy because I woke
00:01:23up very early this morning with a great idea an idea so great it wouldn't let me
00:01:27go back to sleep so I ended up having to get up and record it so I'm gonna have
00:01:32a nap after the show not during though because my daughter made me a lovely
00:01:38energy shake
00:01:41full of substance is only available in the Peruvian rainforest all right
00:01:49is recording an effective way to handle gaslighting bosses
00:01:57yeah I mean I I think if you're at the state where you want to record people
00:02:02the relationship is probably toast like if you're like I've got to get this like
00:02:06if you're in a relationship and the woman totally gaslights you or the man
00:02:09totally gaslights you and you're like I've got a I gotta record this person so
00:02:14I have ever like you're probably done right you're probably done as a whole so
00:02:17if you have a bad boss and you're like well I gotta record this and it's like
00:02:22okay so shouldn't your boss's boss notes that know that he's a bad boss they
00:02:26actually deal with and interact with him and if your boss's
00:02:32boss doesn't know that your boss is a bad boss
00:02:37then recording probably won't make much of a difference recording just makes
00:02:41people uncomfortable
00:02:46all right my problem says someone is I write some
00:02:50damn my ideas and they never go back and read my notes again yeah but they're
00:02:53there if you want them right
00:02:56I have that with dreams too I'll have an incredible dream fall back asleep and
00:03:00forget it have you ever done this this just
00:03:05heartbreaking to me oh it's hot it's only happened a couple
00:03:07of times in my life have you ever had it where you have
00:03:13dreams of the most beautiful music I am your angel of music so have you ever
00:03:23had dreams of beautiful music and you wake up and you're like damn that could
00:03:29have made me a fortune but no I can't remember the tune so yeah I've had that
00:03:35happen a couple of times orchestral music catchy music just a couple of
00:03:39times in my life and I wake up I'm like
00:03:43just let me remember it no
00:03:48and or story ideas or but yeah for me the music is particularly painful
00:03:54all right
00:03:57hey hey go hey I think I remember you for my history of philosophers series
00:04:00any thoughts on Taylor Swift turning 35 and reaching last Friday
00:04:06and thus reaching the age of geriatric pregnancy despite your infamous in
00:04:09famously warning her about her declining fertility on Twitter five years ago Wow
00:04:14five years ago right
00:04:19it's a new life it's a new dawn it's a new day it's a new life for me and I'm
00:04:26feeling good so yeah it's wild that that was five years ago
00:04:33it is my general belief that the people around Taylor Swift essentially in many
00:04:39ways essentially would not really allow her to have children there's too much of
00:04:43a anti natalism stuff going on particularly the music industry which
00:04:50seems to be intent on destroying reproductive rights and families and
00:04:53virtue and morality as quickly as they possibly can like a giant hell-sent
00:04:58combine harvester on the slender weeds of people's integrity so yeah I don't
00:05:04think that I mean she might might have kids but what she make her to a made a
00:05:08billion dollars that's a lot of people who won't benefit from her having
00:05:11children
00:05:15mr. saga meetup is not afraid it's not gonna happen for a while so Steph will
00:05:20debate a hundred guys in 24 hours it feels like I've done that sometimes it
00:05:24feels like I've done that sometimes
00:05:31let's see what was the biggest curveball for you when it came to parenting
00:05:37the biggest curveball for you when it came to parenting that's a good
00:05:41question
00:05:43the biggest curveball
00:05:49I would say how easy it was and how accommodating children are
00:06:00treat them with respect dignity and respect isn't that the dr. Phil mantra
00:06:05we treat everybody with dignity and respect respect so I would say that it
00:06:10was just easy you know if your kids enjoy your company and you have
00:06:14credibility because they know you really care about them and care about what's
00:06:16best for them I mean you'll have a conflicts once in a while and pretty
00:06:19rare but it really was a surprise just how you know the terrible twos so the
00:06:25theory was of course that with peaceful parenting you don't have the terrible
00:06:28twos and the teenage years aren't hell on earth right that's the general theory
00:06:31right and lo and behold it turns out to be to be true
00:06:39I was talking the other day but a parent whose kids are in their mid-teens plus
00:06:46and the amount of vaping and drugs and drinking and body count oh my gosh
00:06:54monstrous it's like late and end of Rome kind of stuff and that's not that's not
00:07:00an issue at all
00:07:06all right
00:07:09Steph says someone a lot of successful people have a story where at the
00:07:15beginning they were ignored and rejected and people told them they weren't good
00:07:18enough or that their thing will never work but they continue to work hard
00:07:22despite all of that until ultimately they achieved success I think you also
00:07:26mentioned that you have been ignored when you first started this show my
00:07:29question is how do you know if you should keep trying or whether it's time
00:07:32to give up and move on to something else thank you
00:07:37yeah that's a good question right so there is the fallacy of sunk costs I did
00:07:42a business call about this recently with a guy
00:07:45there's the fallacy of sunk costs which is well I can't walk now I've been
00:07:51waiting for the bus for two hours right if you wait only ten minutes and then
00:07:55you go walk it's not so bad but if you've waited a couple of hours for the
00:07:58bus it's pretty tough to go and and and start walking right it's a fallacy of
00:08:05sunk costs so you don't want to give up on your
00:08:10dreams but at the same time
00:08:15sometimes you do right so I was reading this thing the other day where this guy
00:08:20was saying that he was a really good actor even at the age of 17 but he was
00:08:23white so he decided to give it up because there were a lot of auditions
00:08:27saying you know basically white males need not apply that's not good right you
00:08:33know denying occupations to entire groups right ethnicities or races I mean
00:08:39denying occupations is just a way of lowering the birth rate for that group
00:08:43it's kind of targeted and obviously it's kind of sinister to put it to put it
00:08:47mildly so I liked acting but I really disliked the theater environment and I
00:08:54really disliked most of the actors and I also quite disliked a lot of the
00:08:58directors and the teachers and we just we were just not copacetic we were not
00:09:03simpatico as it were and similar with academia and similar with the publishing
00:09:09industry and and so on I had a really great mentor a fairly famous Canadian
00:09:15writer was my mentor and I actually quite liked her but or him but yeah the
00:09:26publishing industry was just it's not about the pursuit of deep human truths
00:09:31it's about the programming of people for the sake of ideology and I can't stand
00:09:35it I just I can't stand being around people who deny truth for the sake of
00:09:39ideology it is so manipulative and to me it's kind of sociopathic it's the
00:09:44pretense of truth and honor for the sake of exploitation and consuming people
00:09:50consuming people I think it's a it's kind of repulsive so is it knowing when
00:09:57it's time to to give up and move on so for me it is hard to improve upon that
00:10:07which does the maximum good for the world
00:10:11but it's hard to improve on or do better than with my time life and energy it's
00:10:19hard to improve on or do better than that which does the most good in the
00:10:23world so could I have done good in the world through art through playwrights
00:10:28through being a playwright or an actor or a novelist or a poet say all of which
00:10:33I put my hand into well I could have done some good that way for sure
00:10:38could I have done some good in academia yeah I think I could have done some good
00:10:41in academia could I have done some good in the business world I mean I know that
00:10:44I did
00:10:47but there's no more good that can be done than direct moral philosophy this
00:10:52is virtue not by proxy not by inference not by art or sophistry it is the direct
00:10:58promotion of virtue out there into the universe forever and ever more so for me
00:11:02given that I think that the pursuit of the the achievement of excellence in the
00:11:08pursuit of virtue is the highest calling I'm kind of with Aristotle on that I
00:11:12can't do better than
00:11:16promoting virtue directly to a worldwide audience there is no better way I mean
00:11:23even if you look at that Taylor Swift thread and I remember doing this math
00:11:28so given the number of people who saw that Taylor Swift thread and it was
00:11:33probably majority women certainly the replies were majority women I did the I
00:11:37did a rough calculation and 60,000 babies were born as a result of that
00:11:43tweet
00:11:45so that's a
00:11:48larger than a village smaller than a town
00:11:52so that's a small towns worth of people that comes out of one tweet because I
00:11:57goosed women into deciding to have children by reminding them that their
00:12:00eggs are dying on the vine
00:12:03so if you can
00:12:06make a tweet
00:12:07and make 60,000 people
00:12:10that's pretty good
00:12:12and 60,000 people that are probably born to two people who care about the future
00:12:17and just had been propagandized right so
00:12:21that is you can't really do better than that of course I think of the you know
00:12:27being a massive pronatalist myself
00:12:31the number of children who've ended up being born I mean I know of many many
00:12:35marriages and certainly may I get the emails all the time hey we decided to
00:12:39have kids we got married here yeah so the amount of people that philosophy
00:12:44has summoned into existence I mean I can't I can't outdo the
00:12:49what billion abortions but we can certainly do our part to bring
00:12:56better more reasonable more rational life into the world as a whole right
00:13:00this is another reason why I'm opposed right I mean there's so
00:13:04many reasons why why would we have to pick even one no
00:13:07reason to pick one so if it is the maximum good that you
00:13:12can do in the world if it's the maximum good you
00:13:15can do in the world then if you can find any way to make it
00:13:19pay or make it work that's you can't do better than that
00:13:25do you think we have a shot at outgrowing the national debt with trump
00:13:28and doge absolutely absolutely
00:13:34yeah yeah for sure so normally debt there's either economic collapse
00:13:41through invasion or inflation and that's normally the way
00:13:48that people get out of debt right governments right and the idea that
00:13:55you can move to assets into bitcoin have bitcoin inflate
00:14:01inflate sorry the gain value relative to fiat
00:14:05means that you can pay off fiat currencies without printing
00:14:11fiat currency did you hear what I'm saying
00:14:15you don't have to screw with the interest rates you don't have to screw
00:14:18with the money supply you can simply governments can buy
00:14:20assets and this is starting to happen right I think it was just last night
00:14:24trump announced the exploration of a strategic reserve
00:14:26of bitcoin for the US it's going to be essential
00:14:29so
00:14:34you can transfer fiat into bitcoin bitcoin can rise massively in value
00:14:40relative to fiat which means that you can pay off the debt
00:14:43with bitcoin and not have hyperinflation that is very much
00:14:51the the hope and the goal that is the hope and the goal
00:15:00and it's never before existed in human history
00:15:11that is such a great point about how denying certain groups employment is
00:15:13targeting the birth rate of that group yeah
00:15:15it lowers the sexual market value of men if you deny them employment because
00:15:19women don't want to date them right it's horrible just horrible uh has is
00:15:25he challenged you have pointed out inconsistencies lately
00:15:27i'm not not anything that in particular comes to mind
00:15:31uh it's gone the other way a little bit uh any thoughts on the only fans woman
00:15:35who slept with 100 guys in 24 hours
00:15:39I mean obviously bad childhood uh and uh there's a certain path to notoriety
00:15:45that some women take uh it's pretty uh pretty
00:15:49negative and and so they'll do this kind of stuff
00:15:51they'll make a good deal of money this is
00:15:53obviously a big advertisement for her only fans channel
00:15:57and then when she ages out uh she will uh cry tears of woe and the
00:16:03christians will embrace her in a way that they really embrace the marth
00:16:09i mean this this uh i would say it's a salvation fetish or whatever it is but
00:16:13uh christians these days really do uh go hard on the salvation narrative
00:16:20however fake it may seem of the former sex workers
00:16:31i can't believe one guy bought her flowers that literally is that meme of
00:16:34like the guys lining up to have sex with the woman and
00:16:36only one of them down the road has flowers
00:16:41uh somebody says i've seen a video of a single mom
00:16:46complain about how tough the two-year age is yet the kid is in daycare every
00:16:51day for half the day and barely gets to see his father
00:16:53she also complains about all of the bad manners he has learned from the other
00:16:57kids in the daycare like throwing and breaking toys and spitting
00:17:00even though she works online from home she says she needs to be alone to focus
00:17:03on work so daycare is necessary the daycare
00:17:06workers constantly send her pictures of the kid doing activities yeah
00:17:12yep yep yep
00:17:16yep
00:17:20it is uh
00:17:23it's very sad this sort of circularity where you treat children badly in
00:17:27particular with neglect and children are going to pair bond with
00:17:29someone either pair bond with their parents
00:17:31or their peers or some weird ideology or like they're going to pair bond with
00:17:36someone they have to because we are a social species and children
00:17:38get way too much stress hormones and cortisol i think
00:17:42if they don't pair bond if they don't have some sense of security so they'll
00:17:45pair bond with someone could be creeps online could be some
00:17:48weird ideology could be a cult could be uh peers and bad peers like the kids
00:17:53again so if if you know we got to eat and if we
00:17:56don't eat at home we got to go out for something to eat right
00:17:59if there's no food at home so it is a sad thing to see
00:18:03that people neglect their kids the kids behave badly and then they say well i
00:18:06can't really spend much time with my kid because
00:18:09he's behaving so badly right somebody says i've been listening to
00:18:14show for years and it has helped me to change my life i never planned on having
00:18:18children but now i'm happily married and me and my wife are trying for our
00:18:21first baby well congratulations that is fun and exciting i suppose and uh
00:18:28at last my love has come along there you go
00:18:33there's i'm giving you some romantic music so that you can try for your first
00:18:36baby during the show just kidding although that
00:18:39would be exciting peter schiff said biden should sell all
00:18:42the bitcoin before trump gets into office
00:18:47it's not exactly a villain arc that he's gone through with bitcoin but it's not
00:18:51exactly the opposite of that either any thoughts on the drones in new jersey
00:18:57well i think post covid i think we're all a little suspicious of what everyone
00:19:03claims to see right aren't we i mean i've seen a couple
00:19:05other videos they don't look like much to me
00:19:10and i think that i mean i've seen this psychosis you know if you're a public
00:19:16figure and you say even remotely controversial things
00:19:19you are surrounded by hallucinatory images of people
00:19:22that people have of you right they literally hallucinate things
00:19:26that you have said and of course they're helped along by other people who
00:19:29lie about what you have
00:19:34said and done but uh us the moment you become
00:19:37even remotely prominent and say even remotely controversial things
00:19:40you realize that most people live in programmed illusions right that the
00:19:45analogy of plato's cave which i've got a great four-hour
00:19:49presentation on plato you should check out at fdrpodcast.com just do a search
00:19:53for plato not play-doh plato and i also talked about it
00:19:57dramatized it hoaxedmovie.com hoaxedmovie.com you should
00:20:01really watch that i think it's available again now
00:20:05so when everyone is suddenly seeing drones everywhere
00:20:10i guess it could be true that there are drones everywhere or it could just be
00:20:14that a particular belief is running rampant
00:20:18through the population and everyone's just seeing stuff there's a plane
00:20:21it's a drone there's a star it's a drone right i mean
00:20:25i think everyone have you ever had this at one point where
00:20:29i remember being out for a walk with my daughter in the country
00:20:32some time ago and we saw and it looked like it was looked like a bright light
00:20:36that was weaving all over the place right but it turned out basically it was
00:20:40just vividly jumping because it was very dark at night it was vividly jumping
00:20:44because we were walking even when we stopped uh we were still moving our head
00:20:47a little bit it looked like this thing was kind of jerking around in physically
00:20:50impossible ways and then when it got closer it was just
00:20:53a plane right so i mean you can get these kinds of
00:20:56visual tricks or hallucinations or i mean it's not that my eyes are doing
00:21:01anything wrong but my i interpret this right
00:21:03so i don't know if the drone stuff is real or if it just started as a thing
00:21:07i do think that likelihood is pretty high
00:21:11that something fairly bad is going to happen before
00:21:14say january 20th i think that's that's pretty
00:21:17pretty certain that something pretty bad is going to happen i know that there
00:21:19are these people have these theories like oh they're looking for
00:21:22radioactive signatures because there's going to be a dirty bomb x y and z i'm
00:21:25you know i don't see any particular evidence of
00:21:28that but i do think that something um something bad is probably going to
00:21:31happen prior to inauguration but uh yeah
00:21:36ever since people um had their hallucinations
00:21:41uh in the in the past and you sort of saw this vividly
00:21:44um
00:21:47i don't particularly believe these stuff spreading like wildfire
00:21:57all right
00:22:00bitcoin will rise somebody says 100 in 24 hours
00:22:08well remember a lot of the i've talked about this before but a lot of the hedge
00:22:12funds a lot of the people with etfs in bitcoin can't have too much variability
00:22:15in the price even upwards otherwise it gets moved out of the more
00:22:18conservative people's portfolios
00:22:26uh any plans to speak to pearl davis um i like her
00:22:29i don't have any particular plans
00:22:35somebody says i haven't seen my parents in over a month returned my dad his car
00:22:39and confronted them about all the evil and abusive things that they
00:22:43did i never felt better also i'm 24 i'd have
00:22:47little dating experience and now i'm getting dates relatively
00:22:50easily and approaching women in coffee shops malls etc
00:22:54yes yes
00:23:02i'm sorry deeply sorry about how your parents treated you
00:23:07it's for those of you and again i only suggest this if it's safe for you to do
00:23:11so but there's a reason why i say to people if you have
00:23:14issues with your parents you sit down and talk about it with them
00:23:18and that in part is because life after that is
00:23:21almost unrecognizable i mean when you do rationally confront your greatest fears
00:23:28what you who you are afterwards is almost like a different person
00:23:32you know death and rebirth chrysalis butterfly
00:23:36from caterpillar who you are after you confront
00:23:39your biggest fear is almost unrecognizable
00:23:45which is why i suggest that oh host movie.com doesn't show hoax anymore you
00:23:49can search for hoaxed movie hit a search engine yes you can
00:23:57yes you can all right so as i'm waiting for more
00:24:01questions let us get to our commentees
00:24:09um this is from bitcoin for freedom
00:24:15these are not things that i necessarily endorse but it's a pretty interesting
00:24:18argument he writes or she how the fiat system will
00:24:22end people holding stocks or real estate usually sell if the price is right
00:24:26if you ask a bitcoiner for what price they will sell
00:24:29they will say it's not for sale for fiat bitcoin is different because the
00:24:35holdlers want to bring down the fiat system and won't spend bitcoin before
00:24:39it's done wall street and large countries will find
00:24:42this out the hard way they've never met people like bitcoiners before
00:24:45they'll sweep up the coins of weak hands first but then they will meet a wall of
00:24:48plebs that won't sell before the price is so high that the
00:24:51fiat systems implode
00:24:56that is a very very interesting argument and i think i mean i've
00:25:02obviously bitcoin versus war is a speech i gave
00:25:0610 or more years ago you can just do a search for bitcoin
00:25:10at fdrpodcast.com you'll sort of see what it is that i'm talking about
00:25:15but when you're holding something that is massively appreciating in value
00:25:21against fiat and you know why it's pretty tough to trade it for fiat and i
00:25:27think that there is going to be for bitcoiners i think there's going to
00:25:31be uh we're both underwater who can hold their breath longer right
00:25:38we're both underwater who can hold their breath longer i think it's going to be
00:25:43the battle of bitcoin versus fiat and uh i mean as people want to accumulate
00:25:49more bitcoin with fiat it is going to be that question of
00:25:54can people be bought with the money that is gross right
00:26:05uh oh there's a link oh thanks james cernovich.com slash hoaxed
00:26:09cernovich.com slash hoaxed
00:26:16bitcoin is at 375 to 400 million users says edward or about eight percent of
00:26:20internet adoption numbers its market cap is a percentage of global
00:26:23assets it's around 0.4 percent of the 450 trillion in the world we are
00:26:27still so early i think that's uh that's quite true
00:26:35there's a it's a brutal um meme i don't know if it's true i i don't know about
00:26:39the numbers in particular but men killing one billion people in all
00:26:44the wars over all of human history looking up at women killing 1.3 billion
00:26:48people via abortion since 1980
00:26:53is that true that seems a little high
00:27:01i don't think that's likely
00:27:05um the world health organization estimates that there are around 73
00:27:14million induced abortions each year worldwide which is about 39 abortions
00:27:17per thousand women uh that's uh since 1990 somebody's saying
00:27:222.5 billion is that right
00:27:28um
00:27:37that's pretty wild uh given the information from the provided context
00:27:41there's no definitive number for global abortion since 1980 make an
00:27:45estimation based on the trends and figures mentioned
00:27:48the gutmacher institute has reported that during 2010 to 2014 an estimated 56
00:27:53million induced abortions occurred each year worldwide
00:27:55if we apply this rate consistently backward though the actual number might
00:27:58have varied we can estimate for simplicity
00:28:01from 1980 to 2014 35 years at 56 million per year
00:28:0535 times 56 million is 1.96 billion abortions
00:28:10from 2015 to 2024 assuming a slight decrease let's say 54 million per year
00:28:14for 10 years 10 times 54 million is 540 million abortions adding these together
00:28:19gives us an approximately total approximate total of around 2.5 billion
00:28:23abortions globally since 1980
00:28:28that is uh
00:28:32i mean kind of shocking and horrifying isn't it
00:28:38that it's between 1.3 billion and 2.5 billion
00:28:42abortions
00:28:45oh fdrurl.com slash hoaxed will also go to get you to the hoaxed
00:28:50movie
00:28:53that is uh
00:28:57that is astounding that is astounding
00:29:05bitcoin sorry bitcoin freedom this is from yesterday
00:29:10is it yesterday yeah uh just as it says 1.09 million bitcoin are left to be
00:29:17mined over the next 116 years 898 trillion of global wealth is still
00:29:23not in bitcoin this is the most asymmetric upside in
00:29:25history people will say you were lucky but you
00:29:28understood money before everyone else isn't that wild
00:29:35minor is bitcoin minor reserves have dropped to the lowest level in bitcoin
00:29:39history
00:29:42this is from michael saylor who glares at you
00:29:48in satoshi crowns fasb has officially adopted fair value accounting for
00:29:53bitcoin for fiscal years beginning after december 15th 2024
00:29:57this upgrade to accounting standards will facilitate the adoption of bitcoin
00:30:00as a treasury reserve asset by corporations worldwide
00:30:05well that's quite something
00:30:14george stephanopoulos i think has deleted his twitter account and gone
00:30:17dark after abc news was forced to pay 15 million
00:30:19to trump plus i think a million in legal costs for
00:30:24defamation
00:30:28and that's really something
00:30:31i mean the fact that george stephanopoulos
00:30:35or abc news is going to pay for the trump residential library is pretty
00:30:39funny uh yeah trump so from forbes says
00:30:42forbes says trump confirms bitcoin reserve plans 15 trillion price boom
00:30:47predicted this came as of december 14th 7 40 a.m
00:30:52donald trump has firmly embraced bitcoin and crypto this year
00:30:55as a leak reveals russia could be about to start a bitcoin cold war
00:30:59the bitcoin price has rocketed past 100k per bitcoin on the back of trump's
00:31:03november election with the chief executive of a major wall
00:31:07street giant admitting bitcoin fomo so this is just a conceptual thing for
00:31:12people as a whole so people have a tough time buying
00:31:17bitcoin if they compare bitcoin to recent
00:31:20prices
00:31:23right excuse me if they compare bitcoin to recent prices
00:31:29they have a tough time with it
00:31:33because if they say well
00:31:36it was 90 it's gone up to 100
00:31:42sorry something went down the wrong pipe it's 90 it's gone up to 100
00:31:47so uh it's it's too expensive right
00:31:51now what was it like 10 years ago i said uh i had in my head
00:31:55750k a bitcoin us so if you look at it that way it's not
00:32:01investment advice i'm just telling you my thoughts right do your own research
00:32:03make your own decisions but if you say if people say what i'm doing
00:32:07is looking at bitcoin historically then it looks like oh it's gone up for
00:32:11a long time it's going to go back down
00:32:16i view bitcoin personally the way moore's law right
00:32:20so i view bitcoin if you say well computers have gotten
00:32:24progressively faster there's going to be a crash and they're
00:32:27going to go back to being 286s or 8088 processes or whatever
00:32:33powered the zx80 right so if you but but computing power
00:32:38just continues to go up right now there's some quantum computer right
00:32:41it's not going to crack bitcoin right but
00:32:43there's some quantum computer right so
00:32:48i view it that way right well you know
00:32:55my my first exposure to the internet was on a
00:32:584800 board modem is that right i had a i had a little notebook i bought from a
00:33:04company called mighty max it was a 386 sx25
00:33:09and it had a little modem built in 4800 board i think it was yeah because it got
00:33:14to 14.4 then 28.8 with compression and stuff
00:33:17and so if you look at internet speeds they go right up through the roof
00:33:21now if you look at it that way because bitcoin is technology like computers
00:33:25chips and like internet speed and so on when you look at internet speed you say
00:33:29well you know internet speed has kind of
00:33:31doubled over the last couple of years so i don't want to get any internet because
00:33:34it's just going to crash back down and it could go to zero like there might
00:33:38be no internet speeds in a month or or a year because bitcoin
00:33:42is technology right technology tends to increase when it's
00:33:46popular and adopted at a exponential rate right
00:33:51and the adoption is the price so i don't look at bitcoin like
00:33:56any other sort of stock or asset or whatever it is right why are those
00:33:59great oh if it goes up it's going to be a correction it's like where's the
00:34:03correction in computer speed when did everyone say well you know
00:34:07oof you know the the uh the i5 is that's really fast man but that means
00:34:13that it's just going to crash back down to 286 is because this
00:34:16let's just get it just keeps going up
00:34:20now software keeps getting slower as the processes keep getting
00:34:24faster but that's sort of the way that i look at it if that makes any sense
00:34:33so it is the difference between people who are
00:34:36looking at things in a um a linear
00:34:42Malthusian kind of way so Malthus of course made this famous
00:34:47prediction that uh because the productivity of
00:34:51agriculture arises in a linear fashion right
00:34:54but human population growth is exponential
00:34:57that we're always going to end up starving i mean he was spectacularly
00:35:00wrong i was spectacularly wrong because you
00:35:03just get more and more produce out of the land right just get
00:35:07better and better at farming
00:35:11so people who look at things in a linear fashion and look at things in a
00:35:14psychological fashion which makes you know everything's the
00:35:17the the two things right the two things there
00:35:20the the tulip mania and the the south sea bubble right
00:35:23i'm a tulip mania was a mania because there was no
00:35:28particular value to tulips right it's kind of the way it worked
00:35:31they're just they're just flowers right
00:35:37so the the people who look at technology in a linear fashion are outstripped by
00:35:41the people who understand that technology is
00:35:45um as a as a it is um an asymptote
00:35:52to virtual infinity right i mean there was a uh
00:35:57internet download speed was achieved in japan that downloaded all of baldur's
00:36:00gate in a fraction of a second right like it's
00:36:03100 gigs
00:36:13i mean socrates could only talk to a certain number of people
00:36:18and then he was killed
00:36:21i can talk to many more people and talk at even many more people
00:36:28and what i what i do echoes in eternity no
00:36:32what i'm doing is is here forever right so
00:36:42uh somebody says i can believe those abortion numbers they used to get them
00:36:46in a bus to go do it in some countries parents never knew
00:36:51uh somebody says they've run into women who get violently upset if their view on
00:36:54abortion being their right being questioned yeah it is tough it is
00:36:58tough so for i'm not calling all of these women narcissists of course but
00:37:01for narcissists other people only exist for their own
00:37:03convenience and for a woman to have an abortion she's obviously in the vast
00:37:07majority of them are for choice and preference uh it is um
00:37:11viewing the child as an object like a spleen you could take it out if it's
00:37:14inconvenient or bothering you or whatever right
00:37:16i like a nose job and uh that's that's cold right that's cold
00:37:23today accumulation wars tomorrow hash wars yeah i like this sort of crypto
00:37:27cold war is a really a really good way to put it michael
00:37:31sailor says bitcoin is worth 13 million and loaded up with more bitcoin
00:37:35yeah mstr owns what two percent of the supply
00:37:38it's really something do you think that other cryptocurrencies will be used for
00:37:41trading and bitcoin be held like gold in the future
00:37:45well i mean think of other standards right
00:37:49think of other standards like tcpip or email standards i think of
00:37:55a train track widths and so on just think of sort of other
00:37:58other standards
00:38:01i mean i'm sure that um there are a couple of different i mean i know that
00:38:05there are a couple of different gauges around the world for particular
00:38:08specialized issues but in general if you want to build a train track you've
00:38:13got to build it to match the existing gauge right
00:38:18you uh you're starting a cell phone company
00:38:22you can't be proprietary in your cell phone data you have to be able to work
00:38:26with other cell phone companies so that you can cover each other right
00:38:29so the coverage extends right and you have to
00:38:32pass data back and forth to other cell phone companies and other towers you
00:38:35have to work within the existing system can you imagine trying to start
00:38:38your own non tcp ip http
00:38:43internet well it's just not going to work very well beta versus
00:38:47vhs right so
00:38:51i think that i mean there obviously will be layers put on top
00:38:56right there will be a layer put on top of bitcoin because bitcoin is limited in
00:39:00its processing
00:39:03and it could be the case and it'll all be transparent so maybe the
00:39:07case is it's going to have to be transparent
00:39:09so maybe the bitcoin you can if it if it's slow too slow to
00:39:12you know do the proverbial buy the coffee then either there'll be
00:39:16uh bitcoin cash could be but you know the lightning networks sort of this
00:39:20layer that goes on top which accumulates purchases and
00:39:23then does them all at once to reduce the throughput
00:39:27requirements or the transaction requirements on the main blockchain
00:39:30you know how you you have a um a tab at a bar you just put everything on the
00:39:34tab and you pay it at the end of the night that's kind of how
00:39:36how it works so i imagine that there could be layers on top or maybe
00:39:43there's a way to automatically transfer bitcoin into some other network which is
00:39:48faster for whatever reason so yeah it's um uh it'll be soft it'll be
00:39:53soft i want to say bitcoin cold war well a
00:39:55bitcoin cold war of course is when
00:40:00countries are trying to get a hold of world history
00:40:06changing technology right so in in the past there was the
00:40:10color your color the world your map right the the age of imperialism where
00:40:13governments were all rushing to try and get a hold of
00:40:16particular countries uh to to get the resources and so on
00:40:21and to spread christianity and so on so that was
00:40:25the technology was land and gunpowder and cannons and the
00:40:31big technology believe it or not was oranges and lemons say the bells of
00:40:35saint clement so of course this is why british people are
00:40:37called limeys because they're always sucking on limes to deal with the scurvy
00:40:40because scurvy killed more british sailors than combat ever did
00:40:43so uh the one of the biggest advances in the age of imperialism
00:40:47was the discovery of vitamin c as the cure for scurvy scurvy was
00:40:51absolutely horrendous way to go and so the arms race of course
00:40:56now julia julius and ethel rosenberg were put to death for uh selling
00:41:02atomic secrets to the communists in russia and the soviet system
00:41:06and so the race for weapons of mass destruction uh the race
00:41:11i guess at the moment it's going on for bioweapons the race for new technology
00:41:14that gives you more power in the world and it's absolutely guaranteed that the
00:41:20first country that adopts bitcoin as a significant
00:41:24standard
00:41:27will run the planet
00:41:30i've been studying history for over 40 years
00:41:35that i don't give many absolute guarantees that's an absolute guarantee
00:41:40whichever country gains control of a significant portion of bitcoin
00:41:45is uh it's going to run the world and and not just because
00:41:49of having a harder currency a harder currency
00:41:54attracts genius and a soft currency repels genius right so as you know the
00:42:01spanish came to the new world and grabbed all of this gold and brought it
00:42:04back to spain which caused a massive inflation because it was a gold-based
00:42:07currency and the talented and intelligent people
00:42:11left spain and spain entered into a depression for
00:42:15400 years 400 years when the smart people leave and
00:42:20smart people leave soft currencies smart people leave
00:42:25inflation because they recognize what's going on and the futility of it and they
00:42:29have the options and the choice to leave smart people leave soft
00:42:34currency softening currencies inflated currencies and smart people are drawn
00:42:39towards hard currencies and there's no harder
00:42:41currency than bitcoin so any country that adopts bitcoin as a significant
00:42:46standard and makes it easy to own and easy to accumulate
00:42:51and certainly any country that also excludes it from capital gains
00:42:55that that country will i mean run the world for
00:43:02i mean i hate to say forever because forever is a mighty long time
00:43:07but the bitcoin race is the bitcoin
00:43:12it is the bitcoin race is not about owning bitcoin it's about
00:43:16attracting the kind of geniuses who triple your economy
00:43:20in 20 years
00:43:23right
00:43:26because bitcoin will reduce regulations bitcoin will open up the free market
00:43:30and bitcoin will reward people who work hard
00:43:33who innovate and who save right now under the fiat currency system
00:43:38you get punished for working hard innovating and saving you get punished
00:43:41get robbed blind
00:43:44so think of the tax exiles from the insane taxes that were going on
00:43:54in england right you know the song the tax tax man by the beatles that's one
00:43:57for you 19 for me right that's because the beatles were
00:44:00being taxed at a 95 tax rate and so they left and they had to leave
00:44:05and they had to go to different countries they had to live in different
00:44:07countries they could only spend a certain amount of time in england
00:44:09otherwise they were considered taxable in that regime
00:44:12switzerland of course did very well montreux did very well bowie was there
00:44:16queen was there lots of artists went there to get away
00:44:20from these insane taxes right and once smart people understand that
00:44:25inflation is the most insidious tax of all
00:44:30it's like a thief at least you have a chance right
00:44:33you can run you can use self-defense if it's legal
00:44:37but fiat um no it's like it's like being poisoned
00:44:41uh against your will and knowledge slowly right drip drip drip you just get
00:44:44weaker and weaker so uh robbery is a man's way of stealing
00:44:48from you um the slow slow drip poison of fiat
00:44:51inflation is like female in a way right and of course it's driven a lot by
00:44:55female taxation demands or demands for the profits of taxation
00:45:01so
00:45:05soft currency repels genius hard currency attracts genius
00:45:10and a country's strength is entirely based upon
00:45:14the number of brilliant people in its confines
00:45:18nothing more nothing less the strength of a country
00:45:22is nothing more or less than the number of productive geniuses in its
00:45:27environment and the only way to get those productive
00:45:30geniuses to come and stay is to have a hard currency
00:45:33because people don't want to work hard if they're just going to get stolen from
00:45:38so
00:45:41the colonization in the sense of the blockchain
00:45:45is the ultimate power grab in human history
00:45:48there won't ever be anything like it again and countries which stake their
00:45:51claim will win forever and countries that don't
00:45:54stake their claim will dissolve into irrelevance and most
00:45:58likely collapse
00:46:03yeah so the uh prediction from again bitcoin for freedom forbes trump
00:46:08confirms bitcoin's reserve plans a bitcoin reserve plans 15 trillion
00:46:12market cap predicted which is eight hundred thousand dollars per
00:46:16bitcoin in 2025 now again these are all just
00:46:19predictions and a doctor with a flashlight in fact a
00:46:22proctologist with a flashlight can tell you where most predictions come from
00:46:25but there's some math behind it so
00:46:29that's what people are saying
00:46:33let them cook
00:46:37so over the next 116 years 1.09 million bitcoins are left to be mined the spot
00:46:42etfs have already bought 1.3 million bitcoins so the spot etfs
00:46:46which came out about a year ago have already bought 1.3 million bitcoins
00:46:51there's only 1.09 bitcoins left to be mined over the next 116 years
00:46:56wow bitcoin is in fact going growing faster than the internet was and it's
00:47:01got all the signs of exponential growth
00:47:06uh somebody uh rothmas at rothmas r-o-t-h-m-u-s
00:47:10kind of nice to see he posted december the 12th one of my old tweets got 419
00:47:14000 views uh being pro-communist is just a basic
00:47:19sociopathy test if somebody hears over a hundred million
00:47:23slaughtered and replies yeah but boom total sociopath
00:47:29i will uh i'll give you the link for that so you can go and
00:47:33have a look feel free to leave a comment
00:47:36if you should so desire
00:47:42but it's nice to see that some of the old resurrected tweets are still uh
00:47:47doing their flambe style spanish chef cooking
00:47:53uh i think this is interesting this is from matt hogan
00:47:57hogan it's he's trying to say hogan but i think got punched in the belly
00:48:03when bitcoin hits a million he writes investors are going to look back and
00:48:05wonder how they've missed such obvious signs including
00:48:08the once and future president of the united states keynoting the bitcoin
00:48:12conference blackrock recommending a two percent
00:48:16allocation to bitcoin in portfolios bitcoin etfs being the
00:48:20most successful etf launches of all time by a factor of
00:48:246x investors like ray dalio saying you
00:48:28should own bitcoin incredible investments always look obvious
00:48:32in hindsight bitcoin is screaming right now for
00:48:36people to pay attention
00:48:40now this is just in as of a couple of hours ago again from bitcoin archive
00:48:44thailand to study the potential of hashtag bitcoin as legal tender
00:48:48former thailand prime minister says his son the current prime minister
00:48:52quote may assign the ministry of finance to study whether to accept bitcoin or
00:48:55not end quote as legal tender and i think
00:48:59this is someone in the japanese government is
00:49:02also recommending this or something like it
00:49:05and uh believe it or not his name is what what's his name his name is satoshi
00:49:11his name is satoshi i wonder if we'll ever find out what happened to that guy
00:49:17i wonder if we'll ever find out what happened
00:49:21to that guy
00:49:23we'll see
00:49:26now what i don't know if you know about this but what quantum computing
00:49:30can do potentially in the long run is liberate the lost coins
00:49:36right so if quantum computing gets close or within a bazillion miles
00:49:40and satoshi was writing about the risks of quantum computing way back in the day
00:49:44when he was starting all of this but if quantum computing ends up being
00:49:47able to crack some bitcoin
00:49:51encryption well of course long before that everyone whose wallet is active
00:49:55will have moved to a new fork
00:50:01that won't allow for that but it means that the last
00:50:04they're like some 20 or more bitcoins are lost
00:50:07so quantum computing could theoretically theoretically
00:50:11go back and liberate old wallets that haven't been used in 28 years or more
00:50:15and uh liberate the uh the bitcoins from that
00:50:20not bad if it's possible right uh theoretically it could be who knows
00:50:26but the idea that quantum computing could go back and
00:50:30rescue abandoned or lost or broken or trashed uh or abandoned bitcoins i guess
00:50:35that not many of them are abandoned but
00:50:41yeah michael saylor uh he's a big fan of atlas shrugged i saw his speech that he
00:50:44gave on atlas shrugged he said uh there's 450 trillion in
00:50:48capital in barnes real estate and traditional 20th century assets there's
00:50:51one trillion in bitcoin so early
00:50:58uh this is just kind of funny uh it's jason
00:51:01a williams said my son seven has discovered
00:51:06these nuts jokes and it's all he says now everything is
00:51:09these nuts he simply can't stop i asked where he'd heard that joke he made me
00:51:13promise that if he told me he wouldn't get in trouble i agreed
00:51:17so he leans in and whispers these nuts that seems almost inevitable
00:51:22doesn't it almost inevitable
00:51:28you ever want to feel uh impressed with weaponized autism look at captain cuber
00:51:33it was published under messimo captain cuber solving a 17 by 17 by 17 rubik's
00:51:38cube that is really really something um
00:51:42what was it is this 2022 mental health from the sun harry petite
00:51:47pettit wrote uh bitcoin fans are psychopaths who don't care about anyone
00:51:51so he shows yes yes uh they're just uh it just just
00:51:56opposed to war and steady theft of wet-fingered pilfering
00:52:01pseudopod in the pocket inflation yeah just don't care
00:52:06just don't care
00:52:11my roommate somebody says my roommate just told me that the
00:52:15invigilator for his exam they think used to be called proctors i don't know
00:52:18what a vigilator is the invigilator for his exam
00:52:21shouted hey siri mid exam and he caught like five people with phones
00:52:25these uh people are getting too creative guy isn't that wild
00:52:31i like this meme uh women right 80 percent of healthcare workers 90 percent
00:52:35of social workers 92 percent of daycare workers 74 percent of teachers the women
00:52:40for the home yeah because these are all sort of home-based
00:52:43right they're all sort of home-based occupations right or that would
00:52:47reproduce the home stuff right
00:52:52um let me just sorry i got a couple other things to talk about
00:52:56for my twitter feed twitter fade oh where did it go right
00:53:05all right um
00:53:11thank you for the donation uh somebody says uh can barely articulate the impact
00:53:17your words have had on my life infinite thanks with this finite tip i
00:53:20appreciate that thank you very much i appreciate that's very kind
00:53:24very kind
00:53:29uh let's see here
00:53:33um somebody says i wish i could have invested a 400 a coin but being an
00:53:42income cap but being on income cap that was not an
00:53:45option but if you did be smart don't throw your
00:53:48hard drift in the rubbish bin yeah true
00:53:52the next superbowl will be el salvador and certainly absolutely
00:53:55could be the case could be the case
00:53:59uh do you think porn needs regulation
00:54:05because anyone we can try it now i'm not talking about banning
00:54:09uh may license uh i mean you just need kids raised in a healthy
00:54:14fashion with loving parents and uh it won't be really an issue supply and
00:54:18demand side uh alan has mentioned that he's thinking
00:54:22about using dogecoin as currency on his x network assuming
00:54:25that the currency is backed up by bitcoin i think it would be adopted just
00:54:29a thought on how future online markets could look
00:54:33yeah so you have a visa network that is a layer over a fiat currency right it is
00:54:37his own network of costs and uh accounting
00:54:42double entry in a sense right so it's layered over the u.s dollar and there
00:54:45could be something that is all of that right
00:54:47somebody's edward says ready eddie a bitcoin is likely to crowd out most
00:54:52other cryptocurrencies due to its seven unique
00:54:54interlaced network effects one investment speculation two
00:54:58merchant adoption three consumer adoption four
00:55:01mining security five development application six financialization seven
00:55:06global strategic asset because bitcoin is so far ahead in all
00:55:09of these categories it makes it very hard for other currencies to compete
00:55:12yeah so i think what i think would be a a layer that will
00:55:18uh work on bitcoin is trust right so let's say that i mean it's like a credit
00:55:24score but for your bitcoin or a reputation score i used to call it
00:55:27in my sort of dro theory but you can get it uh everyday anarchy and practical
00:55:31anarchy you can get those at free domain dot com slash books
00:55:34so i think that the way that it will work is that if you have a wallet
00:55:40with a decent amount of bitcoin in and if you have regularly paid
00:55:46your bitcoin debts then people will be comfortable
00:55:50settling it later right people will be comfortable
00:55:55settling it later so let's say for whatever reason it takes two days
00:55:59to settle your bitcoin transaction or a day or an hour when you've left the
00:56:05coffee shop so to speak right again i'm not so
00:56:08the real application of bitcoin is in the b2b framework at least for the
00:56:11foreseeable future my opinion but which is huge but if you are good for it
00:56:17are you good for it are you good for it like if you've spent the last five
00:56:20years paying every one of your later bitcoin debts right then people will
00:56:24just say fine we'll settle it later right we'll
00:56:30settle it later yeah it's fine i don't care if it takes a day i mean i'd
00:56:33rather get the business right so if your wallet has a good reputation
00:56:37right and there's layers you can build on top of that very easily does the
00:56:40wallet pay its bills have their big complaints uh and and does this person
00:56:44have a good or bad credit rating for later payment of bitcoin costs of
00:56:49bitcoin invoices and if you have a great if you have a decent number of
00:56:54bitcoin and you have a very good reputation a perfect reputation say for
00:56:59paying your debts later it's just a cost benefit thing right so let's say you
00:57:03bought a house you bought a car you bought whatever right a bunch of stuff
00:57:06on your bitcoin and you paid it off right paid it off whether immediately
00:57:11or in some sort of installment plan so you paid it off okay so you didn't do
00:57:15all of that work to get a free coffee right so to lower the cost the almost
00:57:21infinitely less likely it is that you did all of that work and built up that
00:57:25credit rating just to not pay for a coffee like that's just not how people
00:57:29work right so if you have large transactions that have been settled
00:57:33through bitcoin then if you have a smaller transaction and maybe it takes a
00:57:36while to to go through the network or whatever nobody cares because you're
00:57:40good for it right like just think of it like you i mean we all know this right
00:57:47you go to a restaurant and you sit down and you order the meal
00:57:55the meal gets delivered you eat the meal you have your wine have a dessert
00:58:01they've never asked you for a penny and they haven't even asked you for any
00:58:04proof of payment of course there are occasionally dine and dash people but
00:58:09for the most part restaurants work on the honor system they'll give you food
00:58:16you don't even have to show that you have a wallet you don't have to show that you
00:58:19have a credit card you don't have to show that you have any cash you don't
00:58:21have to pay ahead of time they'll just give you all the food and they assume
00:58:24that you're good for it and for the most part they're right so i mean if you walk
00:58:30in in really shabby clothes to a really expensive restaurant they might look at
00:58:33you askew askew but for the most part uh that's how i mean a lot of the economy works that way
00:58:42uh pay me pay me later right so it's certainly possible
00:58:50so this is van ek predicts 180 000 bitcoin and a u.s strategic bitcoin reserve in 2025
00:58:58their top 10 crypto predictions for 25 drum roll please one crypto bull market hits a medium-term
00:59:06peak in q1 sets new highs in q4 two u.s embraces bitcoin with strategic reserves and increased
00:59:13crypto adoption three value of tokenized security succeeds 50 billion four stable coins daily
00:59:19settlement volumes reach 300 billion five ai agents on-chain activity surpasses 1 million agents
00:59:29six bitcoin layer twos reach 100 000 bitcoin in total value locked seven ethereum blob space
00:59:37generates a billion in fees eight decentralized finance hits all-time highs with four trillion
00:59:42debt volumes and two thousand billion tvl that's total value locked nine nft market recovery with
00:59:49trading volumes reaching 30 billion yeah i mean trading the nfts were largely killed by um state
00:59:55threats 10 d app tokens narrow the performance gap with l1 tokens i understand about 95 of that
01:00:04but you can look up anything you don't they said crypto bull market hits a medium-term peak in q1
01:00:11sets new highs in q4 we believe the crypto bull market will persist through 2025 reaching its
01:00:16first peak in the first quarter at the cycle's apex we project bitcoin to be valued at about
01:00:21180 000 with ethereum trading above 6 000 other prominent projects such as solana and sui
01:00:29could exceed 510 dollars respectively again take that for what it's worth i don't take
01:00:35predictions too much but there are some trends that make sense i think
01:00:46all right let me get to your comments i'm not going to do a super long show today but i really
01:00:50do appreciate your support don't forget freedom.com slash donate to help out the show
01:00:56how about a guarantee that a fool and his money are soon parted
01:00:59or a fool in charge of a treasury will soon separate citizens from their dollar yeah somewhat
01:01:07pretty amazing that it was written at least 2 000 years ago that god knew everyone would
01:01:11have live streaming tech to watch live events in jerusalem revelations t1 king james version
01:01:18interesting i remember when i had fiat saved and then subway eliminated the five
01:01:25dollar foot long sandwich that's when i realized the loss of my savings purchasing power yeah for
01:01:29sure uh kairos says i would argue that hard currency also creates geniuses having money
01:01:37that appreciates means you don't have to wash your brain waste your brain digging
01:01:42and gain engage in leisurely activities like reading i'm sorry i think there's a typo in that
01:01:52all right now at six figures or seven what can you do
01:01:56with a bitcoin who will be able to buy one adam's joke about a galactic
01:02:03who pu i don't know what that means the exchange rate was simple
01:02:07but since you basically need your own stellar system to trade in for okay i don't know what
01:02:11you're talking about sorry about that sorry about that i can't follow all right
01:02:21if bitcoin reaches the market cap of gold that puts it at 904 000
01:02:25well was it el salvador just found billions or trillions of dollars of gold or something like
01:02:30that right so all right let's see here
01:02:43bitcoin tends to lose 60 to 80 percent of its value every four years true or false
01:02:47uh well until it gets institutionalized right uh any thoughts on jordan peterson leaving canada
01:02:53says it is turning into a totalitarian state i mean i i understand where he's coming from
01:03:01and i understand where he's going to but i don't have any particular comments on it
01:03:07steph had a tech background understands the importance of the state not controlling currency
01:03:11there would be much debate in the future if steph was in fact satoshi nakamoto
01:03:15which that would be interesting that would be interesting but no no it's not not true
01:03:21uh i know yeah a lot of bitcoin influencer space never references steph it's confusing
01:03:25and off-putting oh no i mean that's the reputational splash damage i get that
01:03:29that's fine argentina looking better i heard they eliminated their deficit yeah for sure
01:03:38steph son was injured in a serious bike crash last week it was terrible seeing him injured
01:03:43on the ground and unconscious at the hospital he was out most of the time but at one moment
01:03:48he suddenly opened his eyes and said dad how you feeling you okay that was really surreal
01:03:52and nearly brought me to tears but looking back i'm glad at this positive sign in his default
01:03:57mode barely conscious he had concern for his family thanks for peaceful parenting he's getting
01:04:01better now thank god yeah i you know i would rather be sick than watched a loved one be sick
01:04:11it's really tough it's really tough watching loved ones go through illnesses um i
01:04:17illness isn't that bad when you're the inside but it's kind of tough to watch from the outside
01:04:21as a whole for i mean not all illnesses but a lot right
01:04:26yeah people trust employers to pay for their work after a month yeah that's right that's right
01:04:33a question
01:04:34if in a first world country people choose porn gambling drug slash alcohol won't people use
01:04:40a more valuable anonymous and easier transfer money system to consolidate the corruption
01:04:47i'm not really sure what uh that means i mean people choose these things because they're
01:04:56abused as children they're just hunting dopamine because they're miserable because of poverty
01:05:01hunting dopamine because they're miserable because of prior abuse
01:05:06thank you caris if you want to retype that um please i'm happy to read it again i just didn't
01:05:12quite follow it somebody writes simple version if bitcoin reaches stratospheric levels via fiat
01:05:16currency how will it be used practically will the fractional nature prevent this
01:05:23satoshi coin or another level yet for saying buying and selling everyday goods
01:05:29i don't know but if the combined genius of the most brilliant people in the world can solve a
01:05:35problem the problem will be solved the problem will be solved
01:05:45you can theorize that you don't know how the problem will be solved
01:05:51i don't know how a computer is built but there's still a computers
01:05:54but there's still a computers right i don't understand the mathematics behind quantum
01:05:58physics but it's how computers run and work so it's really really i can't stress this enough
01:06:05man it is really really really important that you don't have main character syndrome
01:06:12and assume that because you don't know how something can be done it can't be done
01:06:19well how's it going to solve this and how's that going to be solved well but this is all the way
01:06:23back to how how is how are crops going to be picked if we don't have slaves right how's that
01:06:29going how's it going to happen it's going to happen people need food how's the cotton going
01:06:34to be picked without what people need clothing they like cotton so it's going to it's going to
01:06:37happen but there are these limitations i don't know how it could be so it is vainglorious and
01:06:44i'll push back on this heart right it is vainglorious in the extreme to say a big problem
01:06:53with a system is that i don't understand how it could solve things the big problem with a system
01:07:04is i don't understand how things can be solved people will figure it out if it can be figured
01:07:12out and if for whatever reason there's some physical limitation right so the whole issue
01:07:17is that bitcoin is slow because it's decentralized right that you need to
01:07:23bitcoin hitting 103 331 during the show a new all-time high right
01:07:30lightning network can scale to 400 000 transactions per second on bitcoin which
01:07:34dwarfs visa and mastercard so it'll be able to be used for everyday transactions yeah yes i mean
01:07:41it's it's still a little janky but yes um i think that it can be very fast right so
01:07:48of course as you i'm sure you know the reason why bitcoin is so powerful is it's decentralized the
01:07:53reason why visa is so fast is it centralized so if you want decentralized currency which
01:07:58removes it from centralized control you're going to have to accept slowdowns
01:08:00so you you can because you're you're betting in a sense your financial health and your life and
01:08:12and all of that so you're you're saying that the biggest geniuses with the greatest conceivable
01:08:21incentives won't be able to solve a problem that's pretty tough man that's a pretty tough thing to
01:08:27say so understand there are trillions and trillions and trillions of dollars of value locked
01:08:32up in bitcoin solving these problems so you have the biggest geniuses the most brilliant people in
01:08:39the known universe with the greatest conceivable incentive and you want to bet against them solving
01:08:46a problem and the alternative is and it's not just the biggest incentive in bitcoin it's the biggest
01:08:53disincentive in fear so the biggest geniuses get to be fantastically wealthy if they solve
01:09:03this problem and they get to be broken in prison if they don't biggest geniuses have the biggest
01:09:11upside in history and the biggest downside in history that is the big delta so the biggest
01:09:15geniuses can be fantastically wealthy and free or broke and or imprisoned
01:09:23i would not in a million years bet against that i'm just telling you i mean
01:09:26i'm just i can't solve the problem that's all right but it's bitcoin or bust
01:09:35right and not the fun kind of busted hooters right it's bitcoin or bust
01:09:38you understand there is no alternative there is no second best there is no
01:09:46backup plan there's no plan b there's nothing like that it's bitcoin or bust we either are free
01:09:51through bitcoin or we are enslaved forever and whichever country adopts it the fastest and the
01:09:58most and offers a safe haven to people with the foresight and brilliance to have a reasonable
01:10:03amount of bitcoin that country will be the most powerful entity in the known universe for ever and
01:10:11ever amen and i'm not kidding about that and i talked about this many years ago that there's a
01:10:15country that's going to create a safe haven and blah blah blah right so somebody says i've been
01:10:22to many bitcoin conferences the developers in bitcoin are next level genius yeah i remember
01:10:28many years ago uh being at a bitcoin conference and the developers uh i was giving a speech and
01:10:32they were talking about how you know well you know you can put your phone number in and then
01:10:37you have to approve everything with your phone you know i mean you can say that this is kind of but
01:10:41it was pretty tricky back then right the only thing that could stop bitcoin is an emp attack
01:10:47a nuclear strike on military bases no no you're just repeating talking points please don't don't
01:10:55come to the show to repeat talking points that's this is not true have you never heard of solar
01:10:59powered phones and starlink i guess you could say if all of the servers were destroyed or whatever
01:11:06right so isn't bitcoin just the latest certified stamped coin
01:11:15i love people who come in with questions that they could answer you know let me google that for you
01:11:23all right somebody says i make no complaints or predictions on bitcoin i was just wondering if i
01:11:29understood the principle correctly the answer will either government can squash it or fear
01:11:34currency ceases to be tradable for anything of actual value like bitcoin governments can't squash
01:11:38bitcoin even if that happens there is a satellite in space with a copy of the blockchain ah yeah yeah
01:11:44yeah but i mean in terms of like all the processing of the back and forth there would need to be some
01:11:48rebuilding on that but i'm sure that they're going to they're going to try and get the internet into
01:11:54space as quickly as possible for just such a an issue there are sadly a lot of people who just
01:12:04like to watch the world burn that's the way they do it ah that's the way uh-huh uh-huh they like
01:12:12it uh-huh uh-huh they just can't get enough they just can't get enough all right any other last
01:12:19questions i choose comments problems donations support freedom.com donate if all the bitcoin
01:12:24servers are destroyed i will personally run a node on my computer and collect all the mind coins
01:12:28cannot wait that's funny yeah they're gonna make the blockchain immune to localized environmental
01:12:37or military attacks for sure again you got the most brilliant people looking at
01:12:42interplanetary levels of wealth because you know if bitcoin goes to 30 millions a coin
01:12:47anybody with a reasonable amount of bitcoin can fund a trip to mars
01:12:50right so they're looking at interplanetary wealth or social collapse starvation and gulags
01:12:58you can bet against that if you want i personally won't i personally want the only thing that can
01:13:05the only thing that can stop bitcoin ethereum
01:13:10man ethereum produces more gas fees than
01:13:14so if civilization collapses and humanity reverts back to the stone age the coin is worthless
01:13:22according to naysayers maybe then but i do not think humanity will be dealing with currencies
01:13:26yeesh well i mean if that's your failure scenario then you might as well buy bitcoin because your
01:13:31currency because currency is going to be worthless too i mean what do you think is
01:13:35going to happen to fiat currency if everyone if everyone goes back to the stone age right
01:13:41that's not an argument that is no no not an argument not not an argument all right
01:13:49well i think we'll stop here i really appreciate everyone's time care
01:13:52love thoughts and attention thank you edward i appreciate that i really really appreciate that
01:14:01and uh sorry somebody says brilliant people made atomic bombs look how others use them
01:14:05but it's all statism and atomic bomb bombs were made from fiat currency do you think trump is
01:14:10trying to set a beachhead landing by making a bitcoin strategic reserve if so that usa is the
01:14:16leading country on crypto yeah for sure merry christmas yes uh christmas donations of course are
01:14:21gratefully deeply and humbly uh appreciated and uh it's a it's a great month i mean my
01:14:26daughter's birthday is coming up christmas is coming up and i get to spend lovely time with
01:14:32your wonderful people so have yourself a wonderful wonderful afternoon we will talk to you soon
01:14:37lots of love from up here bye guys