Episode 78: Dice in the Can

1 00:00:00,900 --> 00:00:07,470 podcasting 2.0 for March 18 2020 to Episode 78 It's go go with GG 2 00:00:10,530 --> 00:00:13,620 we have a guest it's so big put him in the title of the show. 3 00:00:14,280 --> 00:00:16,260 Got to say something. Hello everybody. Welcome to 4 00:00:16,260 --> 00:00:20,310 podcasting. 2.0 The official board meeting of everything 5 00:00:20,310 --> 00:00:23,310 that's going on with podcasting to board. Oh, specifically the 6 00:00:23,310 --> 00:00:27,330 podcast namespace podcast. index.org. And of course, where 7 00:00:27,330 --> 00:00:30,690 we all hang out at podcast index dot social. I'm Adam curry here 8 00:00:30,690 --> 00:00:33,570 in the heart of the Texas Hill Country. And in Alabama. He's 9 00:00:33,570 --> 00:00:36,990 always game for a submarine swap. My friend on the other 10 00:00:36,990 --> 00:00:39,750 end, ladies and gentlemen, Mr. Dave Jones. 11 00:00:41,460 --> 00:00:46,470 I like that one. Yeah, like it's like the year you get the stick 12 00:00:46,470 --> 00:00:48,390 up the road of vocal cords. So you get the 13 00:00:48,420 --> 00:00:51,000 fright. I get the frog a little fry happening. 14 00:00:51,600 --> 00:00:57,570 Every now and then you go to rumble going. We'll also have 15 00:00:57,570 --> 00:00:59,340 the new that was it right there. 16 00:01:00,810 --> 00:01:05,070 I know. It's really messed up because you know, and everyone's 17 00:01:05,070 --> 00:01:08,520 sending me all these. Well, you've got to take, you know the 18 00:01:08,520 --> 00:01:12,630 left nut of a honeybee and squish it out and add it to all 19 00:01:12,630 --> 00:01:17,670 this stuff that has to be done this like, first day. Everyone's 20 00:01:17,700 --> 00:01:21,540 been really, really helpful, but it's I don't know it's 21 00:01:22,380 --> 00:01:27,000 honeybee nuts. Very, very difficult to get to. Very, very 22 00:01:27,000 --> 00:01:27,390 hard 23 00:01:27,390 --> 00:01:34,170 to see. To get to. Oh my goodness. How you doing Dave? 24 00:01:35,159 --> 00:01:42,089 I'm good. Let me let me just say that the pro tip. The Sharpie s 25 00:01:42,089 --> 00:01:51,719 Gil, what is this? Yeah, Sharpie SGL point seven 0.7 pin. This is 26 00:01:51,719 --> 00:01:53,909 top notch hardware. Let me tell you Oh, really? 27 00:01:54,629 --> 00:01:58,739 No, I will say I'm a pen aficionado. So it's the Sharpie. 28 00:02:00,209 --> 00:02:05,609 S dash Jill s 0.7 0.7 Yet 29 00:02:05,610 --> 00:02:14,460 I'm right now I'm using a uni ball. signo RT also 0.7. So yes, 30 00:02:14,460 --> 00:02:23,700 I am a 0.7 kind of girl. I enjoy that. I enjoy the 00 always game 31 00:02:23,700 --> 00:02:26,700 for a good Penn for sure. But your hectic, right, yeah, this 32 00:02:26,700 --> 00:02:29,400 is the worst time for you because of your your day job 33 00:02:29,400 --> 00:02:32,040 where you got stuff happening because 34 00:02:32,040 --> 00:02:35,730 of the tax time. Yeah, we're I'm in the tax industry. Dave works 35 00:02:35,730 --> 00:02:36,990 for the IRS, I think. 36 00:02:39,540 --> 00:02:43,620 Yeah, that's a different show. No, if that? No, we're not. I'm 37 00:02:43,620 --> 00:02:47,100 good. I'm good. It was a little hectic getting getting out of 38 00:02:47,100 --> 00:02:49,440 the office to come to the show. But all right, right now. 39 00:02:49,679 --> 00:02:53,699 So I want to start by thanking Daniel J. Lewis for taking a 40 00:02:53,699 --> 00:02:57,719 very courageous step and a stab at creating a new website for 41 00:02:57,719 --> 00:03:01,859 podcasts. index.org. I could not be more delighted. 42 00:03:02,250 --> 00:03:05,910 Can we say that this courageous? Not because of the technical 43 00:03:05,940 --> 00:03:11,310 difficulty, but because of of all the because of the potential 44 00:03:11,310 --> 00:03:12,930 input that he's making a lie? 45 00:03:13,019 --> 00:03:16,649 Yeah. Well, no, not just that. I mean, just just to go ahead and 46 00:03:16,649 --> 00:03:20,309 do it. And yeah, it, you know, just to do Oh, yes, for all 47 00:03:20,309 --> 00:03:23,669 those reasons. Now, he had promised it, and I actually had 48 00:03:23,669 --> 00:03:29,639 screenshot. I remember some thread while back several months 49 00:03:29,639 --> 00:03:32,789 ago. And he's like, Yeah, we need this. I said, Well, why 50 00:03:32,789 --> 00:03:36,659 don't you do it? And he did it. And he did it. And I screenshot 51 00:03:36,659 --> 00:03:38,759 that I'm like, let's see if because I can always go back. 52 00:03:38,759 --> 00:03:41,219 And if someone bitches about this, uh, Hey, man, you said you 53 00:03:41,219 --> 00:03:44,879 would do. And I never need to pull it out. Because he did it. 54 00:03:44,879 --> 00:03:47,969 And he intuitively he did all the right things, I think, you 55 00:03:47,969 --> 00:03:51,539 know, with with three sections. I mean, there's, there's things 56 00:03:51,539 --> 00:03:56,729 that I'll have input on, but this is my problem is, how do I 57 00:03:56,729 --> 00:04:00,029 actually see what the website will look like? You know, it's 58 00:04:00,029 --> 00:04:05,129 like, and I can, I can figure out where to make changes in 59 00:04:05,129 --> 00:04:07,829 code, I guess I could figure that out, I, you know, or 60 00:04:07,829 --> 00:04:10,889 suggestions or whatever. It's just, I can't really see the 61 00:04:10,889 --> 00:04:13,469 whole thing rendered. I want to see where all the links go to 62 00:04:13,469 --> 00:04:14,309 all that stuff. 63 00:04:14,580 --> 00:04:19,410 It depends what do you I don't want to just do something for 64 00:04:19,410 --> 00:04:21,450 you that you would rather do yourself. So I mean, if you 65 00:04:21,450 --> 00:04:24,030 rather do it yourself, I can show you how to set up the dev 66 00:04:24,030 --> 00:04:25,800 environment. It's not 67 00:04:25,860 --> 00:04:28,500 what is hard. What is the easiest thing for me because 68 00:04:28,680 --> 00:04:31,920 basically, I just need to see this thing. So that I can say, 69 00:04:31,920 --> 00:04:35,100 Okay, on this page, you know, here's a suggestion or here's a 70 00:04:35,100 --> 00:04:40,920 change. If it's if I can then switch to something and find 71 00:04:40,920 --> 00:04:50,190 that copy in the I guess in in a clone and then make that and and 72 00:04:50,190 --> 00:04:52,650 then see that rendered Is that how that would work. Is that 73 00:04:52,650 --> 00:04:54,210 after you have react or whatever? 74 00:04:54,930 --> 00:04:57,690 Yeah, so what you would do is you would get client Yeah, you 75 00:04:57,690 --> 00:05:01,230 would do a git clone and down to your via to him directly on your 76 00:05:01,230 --> 00:05:01,800 machine. 77 00:05:01,890 --> 00:05:11,190 How about this? Dave Jones? Yes, when you have some time alright, 78 00:05:12,330 --> 00:05:17,700 I'm here all week everybody good, nice. If you teach me how 79 00:05:17,700 --> 00:05:23,700 to fish you know, I'll eat for life. So I'm willing to learn 80 00:05:23,700 --> 00:05:26,610 it. I don't think it should be that hard. I mean, I've done 81 00:05:26,640 --> 00:05:31,680 gits before git clone. I just need to know how to set it up. 82 00:05:32,040 --> 00:05:34,920 So if you maybe someone else can help me set it up. And why is 83 00:05:34,920 --> 00:05:37,230 there no one in the chat room? What is going on here? 84 00:05:37,980 --> 00:05:44,250 Well, I haven't. I'm currently typing out. The we're live now 85 00:05:44,250 --> 00:05:48,030 show episode. See? Showtime? 86 00:05:48,060 --> 00:05:51,840 Well, of course, we had the we said we were started at 1230. 87 00:05:51,870 --> 00:05:54,390 That's what I just put it in there. Yeah, I put it in there. 88 00:05:54,390 --> 00:05:58,650 Like, I didn't know that. Oh, here we go. Oh, no, I'm back. I 89 00:05:58,650 --> 00:06:02,550 think I think maybe something was wrong. My IRC client. Okay. 90 00:06:02,640 --> 00:06:06,360 All right. Now, let me open up heli pad. So we can get live 91 00:06:06,360 --> 00:06:09,000 booster grams, which is the whole point of the exercise? 92 00:06:09,510 --> 00:06:13,530 Well, this is this is the most discombobulated start to a show 93 00:06:13,530 --> 00:06:15,300 that we've had in a while. But anyway, 94 00:06:15,300 --> 00:06:18,240 back back to the website, just a couple of things I want to 95 00:06:18,240 --> 00:06:23,220 mention. And I already told Daniel said, I'm going to I'm 96 00:06:23,220 --> 00:06:26,370 going to talk to you about this, you know, in general, the 97 00:06:26,370 --> 00:06:32,340 language instead of we're doing this, we're making podcasting 98 00:06:32,340 --> 00:06:39,330 better. I prefer we made podcasting better. Like because 99 00:06:39,330 --> 00:06:43,080 we did it stopped making it sound like a project were a 100 00:06:43,080 --> 00:06:43,620 thing. 101 00:06:44,369 --> 00:06:47,549 And we're proud. It's not a process. It's done. Yeah. Well, 102 00:06:47,549 --> 00:06:47,759 it's 103 00:06:47,760 --> 00:06:51,540 an ongoing process. But yeah, it's done. We made podcasting, 104 00:06:51,540 --> 00:06:55,470 better gears, what it means to you. And the things I'm missing 105 00:06:55,470 --> 00:06:58,500 is backwards compatible with 1.0. That's just an export 106 00:06:58,530 --> 00:07:04,560 explanatory thing. And value for value. Streaming payments needs 107 00:07:04,560 --> 00:07:10,170 to be prominently featured. And I have ideas about that, which I 108 00:07:10,170 --> 00:07:13,710 can work with Daniel on, because people are coming for that. So 109 00:07:13,710 --> 00:07:16,290 they're coming for a whole bunch of things, but now it's hidden. 110 00:07:17,040 --> 00:07:20,760 Now, it's just a line item under chapters, and it's much bigger 111 00:07:20,760 --> 00:07:24,750 than just a line item under chapters. Those are the main 112 00:07:24,750 --> 00:07:29,130 things otherwise, I think he's on a dynamite path, saying, 113 00:07:29,550 --> 00:07:31,230 Yeah, I really do. I really do. 114 00:07:31,260 --> 00:07:34,200 I don't I don't know. I mean, I'm not sure. Did we talk about 115 00:07:34,200 --> 00:07:37,230 that? Because he seemed to pick up on the three ask sort of the 116 00:07:37,230 --> 00:07:38,460 three angles bit. 117 00:07:38,970 --> 00:07:41,910 We must have discussed it a long time ago on the show. I'm 118 00:07:41,910 --> 00:07:46,590 thinking it's not naturally natural. We talk yeah. And it's 119 00:07:46,590 --> 00:07:51,000 it's exactly natural. And what I would like is, you know, so what 120 00:07:51,000 --> 00:07:54,780 did you have as the as the slogan, we're making podcasting 121 00:07:54,780 --> 00:08:01,020 better? So I'd like everyone to take a stab at a snappy thing, 122 00:08:01,050 --> 00:08:04,740 you know, a snappy slogan, everybody can try it out. You 123 00:08:04,740 --> 00:08:08,340 know, so my initial just my initial feeling is not only 124 00:08:08,340 --> 00:08:11,160 that, but everything should be we've made podcasting better. 125 00:08:11,280 --> 00:08:14,460 Here's here's, you know, it's here. It's this is it. Just the 126 00:08:14,460 --> 00:08:18,480 whole vibe has to be we've done it. Welcome. We're glad we're 127 00:08:18,480 --> 00:08:20,610 glad you finally showed up. Where have you been? 128 00:08:21,450 --> 00:08:23,550 We've made podcasting better and you can do. 129 00:08:24,390 --> 00:08:28,350 Okay, Dave? Yeah. I'll do the marketing. 130 00:08:28,740 --> 00:08:30,870 Okay, maybe not. You and Daniel work together. 131 00:08:32,250 --> 00:08:36,690 But, um, again, I just want to say how incredibly grateful I am 132 00:08:36,690 --> 00:08:40,380 that Daniel pick that up. You just did it. And and I know, he 133 00:08:40,380 --> 00:08:42,870 worked for a couple days on it. You know, that's some real work 134 00:08:42,870 --> 00:08:43,230 there. 135 00:08:44,310 --> 00:08:48,750 That and I love that aspect of, of open source. We had a good 136 00:08:48,750 --> 00:08:49,830 death meeting this week. 137 00:08:49,979 --> 00:08:51,119 Yeah. Oh, yes. Do 138 00:08:51,120 --> 00:08:54,960 tell. Do tell. Yeah. No, it was it was we talked about a lot of 139 00:08:54,960 --> 00:09:01,560 stuff. Mostly around the social interact tag. And is 140 00:09:01,560 --> 00:09:03,990 this where you all decided that we're going to use booster 141 00:09:03,990 --> 00:09:05,460 grandmas comments instead? 142 00:09:06,810 --> 00:09:09,900 No, no, no, no. 143 00:09:10,170 --> 00:09:13,530 I'm being I'm being facetious Dave for a reason. Oh, 144 00:09:13,590 --> 00:09:20,250 okay. Well, the we we basically just had to tighten up the spec 145 00:09:20,250 --> 00:09:25,950 because the, the spec has sort of been well, I mean, the spec 146 00:09:25,950 --> 00:09:31,680 has written was not was written back in August of 21. Is that 147 00:09:31,740 --> 00:09:35,550 Yeah, that was long time ago. And it really has just been sort 148 00:09:35,550 --> 00:09:39,420 of like, tweaked a little bit here and there to fit what's 149 00:09:39,510 --> 00:09:43,170 been happening the trajectory, but it hasn't kept. It just 150 00:09:43,170 --> 00:09:46,140 really needs to be rewritten from kind of from scratch not 151 00:09:46,140 --> 00:09:50,280 not that it's going to be changed demonstrably but very 152 00:09:50,280 --> 00:09:54,240 much but we just as a group just decided, okay, what's, what's 153 00:09:54,240 --> 00:09:57,330 important here? What can we drop? What how do we bring it up 154 00:09:57,330 --> 00:10:02,850 to speed with what's happening right now? And then so we came, 155 00:10:02,910 --> 00:10:06,690 we're gonna drop platform out of there, we're gonna drop a whole 156 00:10:06,690 --> 00:10:12,240 bunch of this, this huge list of supported platforms. I mean, 157 00:10:12,270 --> 00:10:14,490 there's a list of like 20 things in there, we're going to drop 158 00:10:14,490 --> 00:10:17,670 all that kind of jazz out. And just focus on trying to 159 00:10:17,670 --> 00:10:22,680 formalize social interact as a thing first, and then focus on 160 00:10:22,680 --> 00:10:27,900 the protocols that are in use activity, pub, lightning, and 161 00:10:27,900 --> 00:10:30,990 Twitter. And so because those are the things that are 162 00:10:30,990 --> 00:10:35,190 currently actively being used, so let's just let's just take 163 00:10:35,190 --> 00:10:41,700 what's actively being used work on, on, for getting a formal, 164 00:10:41,760 --> 00:10:45,960 you know, definition that works for those three things. And 165 00:10:45,960 --> 00:10:50,430 those three things are different enough to where, if anything 166 00:10:50,430 --> 00:10:54,870 else comes along, if those three things can fit without too much 167 00:10:54,870 --> 00:10:57,720 modification, then probably anything else can do. But we're 168 00:10:57,720 --> 00:11:01,200 not going to muddy the water just the same way we did with 169 00:11:01,200 --> 00:11:05,970 the value value spec where we made it broad enough to where 170 00:11:06,930 --> 00:11:11,040 you could fit in anything. But for now, we're just going to 171 00:11:11,040 --> 00:11:15,930 focus on lightning, because you know, we can't solve all the 172 00:11:15,930 --> 00:11:19,950 world's issues for every little niche user kit use case. 173 00:11:19,980 --> 00:11:22,530 Now when you say solve it for lightning. What does that mean? 174 00:11:24,990 --> 00:11:27,450 Well, I mean, I mean, I mean that in reference to the value 175 00:11:27,450 --> 00:11:27,840 blog. 176 00:11:27,900 --> 00:11:31,770 Oh, come Oh, yeah. Because well, let me get this off my chest. 177 00:11:32,460 --> 00:11:37,560 You were grumpy last week, by the way. Last week? Yeah. Last 178 00:11:37,560 --> 00:11:40,650 Year with John. Oh, no, you were great. You were grumpy about 179 00:11:40,650 --> 00:11:41,280 comments. 180 00:11:41,910 --> 00:11:47,700 I'm still grumpy about comments. And I'll tell you why. Cool. So 181 00:11:47,700 --> 00:11:53,010 I have now heard James Kirtland twice. And quite an extended 182 00:11:53,040 --> 00:11:58,410 segment on pod land. Talk about activity. I'm paraphrasing, but 183 00:11:58,410 --> 00:12:02,490 here's what he's saying in 25 minutes. Activity Pub is too 184 00:12:02,490 --> 00:12:05,130 complicated. I couldn't figure it out. I really love what 185 00:12:05,130 --> 00:12:07,950 fountain is doing. Let's just use booster Graham's for 186 00:12:07,950 --> 00:12:13,650 comments. And apparently Fountain has implemented this. 187 00:12:13,650 --> 00:12:18,930 I'm not sure. I haven't seen it yet. Yeah. Okay. I take his 188 00:12:18,960 --> 00:12:24,030 issue with this for a couple of reasons. One, it's very rude to 189 00:12:24,030 --> 00:12:27,630 just say, Hey, I'm we're doing it this way when people have 190 00:12:27,630 --> 00:12:32,370 been working for a year and a half on creating this system. 191 00:12:33,420 --> 00:12:36,660 Now that's neither here nor there. But it brings into play 192 00:12:36,660 --> 00:12:39,690 things that we've discussed many times. And I thought we had some 193 00:12:39,690 --> 00:12:47,010 consensus on which is paying for comments is kind of uncool. 194 00:12:47,820 --> 00:12:50,640 Particularly if it's being sold as Hey, you'll make some extra 195 00:12:50,640 --> 00:12:55,650 money with this. Which brings me to two other points one, well, 196 00:12:55,650 --> 00:12:59,640 the technical one we'll get to in a second, my personal belief 197 00:12:59,640 --> 00:13:03,090 is, you have now hijacked something that can actually make 198 00:13:03,090 --> 00:13:08,070 people money and turned into a cheap horse for comments. And 199 00:13:08,070 --> 00:13:11,460 it's a bad idea, because value for value is something very 200 00:13:11,460 --> 00:13:15,330 specific. And very few people have actually tried to do the 201 00:13:15,330 --> 00:13:20,790 value for value pitch with their audience. And it works quite 202 00:13:20,790 --> 00:13:25,110 fine here. People are boosting hundreds of 1000s of sets to us. 203 00:13:25,470 --> 00:13:28,500 But now you've cheapened it down to it's really just a mechanism 204 00:13:28,500 --> 00:13:32,580 to post something and you can do 10 sets or five sets. And you're 205 00:13:32,610 --> 00:13:36,780 you're kind of wrecking the whole idea. Then there's the 206 00:13:36,780 --> 00:13:40,230 technical argument, which we'll have our guests comment on, as 207 00:13:40,230 --> 00:13:45,450 we have a guest in the boardroom today. And that is a part 208 00:13:45,450 --> 00:13:50,040 technical, because jamming stuff into TLV records is actually a 209 00:13:50,040 --> 00:13:56,730 hack, and everybody knows it, too. And I am in the ROI from 210 00:13:56,730 --> 00:14:01,290 breeze camp on this, that let's just leave lightning payment 211 00:14:01,290 --> 00:14:07,590 network. And let's not replace things like web 3.0 type deal. 212 00:14:08,520 --> 00:14:11,460 Because you're gonna bloat stuff. And I just think it's 213 00:14:11,760 --> 00:14:14,580 it's cleaner to leave. Lightning is a payment network that you 214 00:14:14,580 --> 00:14:19,410 can integrate into everything. And then there's it's not really 215 00:14:19,410 --> 00:14:24,090 decentralized. Chose a whole you know, for your comment. You 216 00:14:24,090 --> 00:14:27,330 can't moderate your comp comment anymore. There's a whole bunch 217 00:14:27,330 --> 00:14:30,300 of things that we discussed ad nauseum going through the spec 218 00:14:30,300 --> 00:14:34,200 for activity pub, that just got thrown out. And then fountain 219 00:14:34,200 --> 00:14:38,100 implemented this and Cleveland's promoting it like a fork and it 220 00:14:38,100 --> 00:14:42,600 just, it made me grumpy. It made me grumpy. 221 00:14:44,340 --> 00:14:47,940 I've got thoughts on that yet. Please see my thoughts or it 222 00:14:47,940 --> 00:14:54,360 doesn't. It doesn't bother me of four. It doesn't bother me for a 223 00:14:54,360 --> 00:14:59,370 couple of reasons. Number one, I don't think it's really 224 00:14:59,370 --> 00:15:06,270 competitive. With activity pub comments at all, because 225 00:15:06,810 --> 00:15:14,460 activity Pub is, is just the language, that is the language 226 00:15:14,460 --> 00:15:20,910 of a chat system, or a messaging system that already has wide 227 00:15:20,910 --> 00:15:26,610 extensive reach. So, an activity Pub is still going to be the 228 00:15:26,610 --> 00:15:31,020 focus for what most of commenting across cross app 229 00:15:31,020 --> 00:15:38,790 comments, do. I think the lightning side of things. Um, 230 00:15:38,820 --> 00:15:44,160 except I'm accepting of it for this reason. I think it's, it's 231 00:15:44,160 --> 00:15:49,770 going to be limited enough. That what what you're going to see, 232 00:15:50,730 --> 00:15:53,130 let me let me try to explain this when we come in from 233 00:15:53,130 --> 00:15:57,510 different angle. The, there's, we know that when it comes to 234 00:15:57,900 --> 00:16:01,980 message quality, and that's subjective, I understand that. 235 00:16:01,980 --> 00:16:06,360 But I think there are some, some general, you know, things we can 236 00:16:06,360 --> 00:16:08,970 all agree on about what's what is spam, what's a high quality 237 00:16:08,970 --> 00:16:12,270 message, what's not, when it comes to quality message 238 00:16:12,270 --> 00:16:16,260 quality, there are like they're sort of layers. I mean, you have 239 00:16:17,640 --> 00:16:22,140 the sort of bargain basement, which is, which is email sends 240 00:16:22,140 --> 00:16:28,200 out a bazillion trillions of spam messages a day. It's cheap, 241 00:16:28,200 --> 00:16:32,460 it's easy, it's just a lot of its garbage, you have Reddit 242 00:16:32,460 --> 00:16:35,760 threads, which again, there's it's a low friction entry point, 243 00:16:35,970 --> 00:16:41,250 it's it's garbage, or a lot of it is and you sort of kind of go 244 00:16:41,280 --> 00:16:46,470 up the chain from there. And if you go up to activity pub, now 245 00:16:46,470 --> 00:16:48,900 you're talking about, there's a little bit of, there's some 246 00:16:48,900 --> 00:16:51,630 technical prowess that has to enter into the picture in order 247 00:16:51,630 --> 00:16:55,290 to join the fediverse, or whatever you want to call it. 248 00:16:56,640 --> 00:17:00,210 Then, as you kind of go up the chain, he could say that 249 00:17:00,210 --> 00:17:03,480 lightning at currently at least is sort of at the beginning at 250 00:17:03,480 --> 00:17:06,870 the top of that chain, for services for message quality, 251 00:17:06,870 --> 00:17:12,240 because it requires a lot of technical entry, a lot of 252 00:17:12,240 --> 00:17:17,700 technical expertise to get into it. And so I'm think I think 253 00:17:17,700 --> 00:17:23,460 they stand at different layers in the in the pile there. And 254 00:17:24,060 --> 00:17:30,450 activity Pub is, is always going to be the more the broader 255 00:17:30,450 --> 00:17:37,230 thing. Light lightning is a thing that I'm okay with 256 00:17:37,230 --> 00:17:41,940 existing for lightning comments. As long as everybody understands 257 00:17:41,940 --> 00:17:45,270 that there are big drawbacks. And I think everybody after, 258 00:17:45,270 --> 00:17:47,730 like after the dev meeting, I think everybody understands what 259 00:17:47,730 --> 00:17:51,570 those drawbacks are. So Alex entered into the conversation 260 00:17:52,470 --> 00:17:56,400 and said, he made this exact point, he said, you know, hey, 261 00:17:57,060 --> 00:17:59,190 it's important that everybody remembers, there's some big, 262 00:17:59,310 --> 00:18:02,610 there's some big issues here. It's not necessarily that you 263 00:18:02,610 --> 00:18:07,770 have to pay, although that is, you know, that is a thing. But 264 00:18:07,920 --> 00:18:12,690 also, there are problems with TLVs. Exactly, like you just 265 00:18:12,690 --> 00:18:17,370 said, it's not unlimited in size. It's, it's got a cost to 266 00:18:17,370 --> 00:18:20,910 the network. There's also the problem with authentication and 267 00:18:20,910 --> 00:18:24,660 identity verification, you don't know who sent you this message, 268 00:18:24,690 --> 00:18:27,660 and you can't verify it currently. So that's something 269 00:18:27,660 --> 00:18:30,390 that's going to have to be worked on. And actually, 270 00:18:30,900 --> 00:18:33,840 offline, Alex and I were throwing around some ideas on 271 00:18:33,840 --> 00:18:36,480 how to solve that problem. This just this past week. 272 00:18:36,569 --> 00:18:39,809 Okay, so I missed an entire dev meeting where this did come up. 273 00:18:40,140 --> 00:18:43,890 Yes, it definitely did come up. It definitely did come. And, um, 274 00:18:43,980 --> 00:18:48,600 I think that it's good. That that's, you know, I think I 275 00:18:48,600 --> 00:18:52,260 think James is complaining about the complexity of activity. Yes. 276 00:18:52,260 --> 00:18:56,220 Yeah. That late, late in the game? Because yeah, he's not 277 00:18:56,250 --> 00:19:00,780 he's not even using thread cap yet, which is John's Barlow. 278 00:19:01,169 --> 00:19:06,779 Also, I wanted to say one thing, because I do. Here's what here's 279 00:19:06,779 --> 00:19:11,609 what I appreciate about this whole situation. We have users 280 00:19:11,609 --> 00:19:16,109 who are using something. And if anything, we're bad at listening 281 00:19:16,109 --> 00:19:20,729 to users. And those users can be users who use apps and enjoy 282 00:19:20,729 --> 00:19:28,379 podcasts or podcasters. So when I see this, I'm very cognizant 283 00:19:28,379 --> 00:19:32,399 that hey, here's a user doing something on his on his or her 284 00:19:32,399 --> 00:19:37,649 own accord. We need to pay attention to that. So So while I 285 00:19:37,649 --> 00:19:41,009 don't like it, I feel it's very important that we discuss it. So 286 00:19:41,009 --> 00:19:43,619 I'm glad that this came up and I guess there's some kind of 287 00:19:43,619 --> 00:19:47,729 consensus Oh, we are getting a boost to grams by the way, but 288 00:19:47,729 --> 00:19:53,339 only from only from breeze. I think. I've asked him to take a 289 00:19:53,339 --> 00:19:56,189 look but I think that the LNP stuff just locks up when too 290 00:19:56,189 --> 00:20:01,289 many people are trying to send I don't mean to shut Yeah, I have 291 00:20:01,289 --> 00:20:06,809 nothing. I have nothing from Elon pay. Anyway, from the 292 00:20:06,809 --> 00:20:11,219 technical side, I can tell you that there's going to be a lot 293 00:20:11,219 --> 00:20:15,929 of jihad about doing this in to V's but we already have that a 294 00:20:15,929 --> 00:20:16,499 little bit. 295 00:20:17,820 --> 00:20:21,090 Yeah, I mean, we've we've we broke that. We broke that brain 296 00:20:21,090 --> 00:20:27,840 a long time ago. Well, the thing about the thing about the Well, 297 00:20:27,840 --> 00:20:31,110 the thing about lightning, it comments is people just have to 298 00:20:31,290 --> 00:20:35,310 have to understand that that's never let me take away the word 299 00:20:35,310 --> 00:20:40,500 never. That is that is a much harder barrier to entry over 300 00:20:40,500 --> 00:20:45,210 activity pub. And for that one reason alone. It's not going to 301 00:20:45,210 --> 00:20:50,040 be is as wildly popular. Like, it's just too it's just too 302 00:20:50,040 --> 00:20:55,590 difficult. So how, let's say let's just pick RSS comm. If 303 00:20:55,590 --> 00:20:59,400 they want to sport cross app commenting route posts for all 304 00:20:59,400 --> 00:21:02,160 their podcasters out of the box, there's no way they're going to 305 00:21:02,160 --> 00:21:06,360 do it through lightning. No, they can't. And so the activity 306 00:21:06,360 --> 00:21:11,940 Pub is the way to go for that. Now, if James uses, if he starts 307 00:21:11,940 --> 00:21:17,790 using thread cap, John Spurlock's latest thing it, it, 308 00:21:17,940 --> 00:21:22,890 D obfuscates as he sees me it obfuscates all of this, you just 309 00:21:22,890 --> 00:21:27,510 basically point it at a at a social interact tag URL, and it 310 00:21:27,510 --> 00:21:30,030 literally just sucks the entire thing out. It doesn't matter if 311 00:21:30,030 --> 00:21:33,120 it's in Twitter and lightning comments or activity pub or any 312 00:21:33,120 --> 00:21:36,180 of that stuff. Like it's dead simple. 313 00:21:36,210 --> 00:21:38,250 Why don't we bring in our guests since we've been yapping 314 00:21:38,250 --> 00:21:40,350 together for 20 minutes quite rudely? 315 00:21:40,529 --> 00:21:41,999 No, we have a guest Yes. 316 00:21:43,050 --> 00:21:47,070 We do have a guest from an undisclosed location. Ladies and 317 00:21:47,070 --> 00:21:49,530 gentlemen, no one knows what it looks like. But he is famous 318 00:21:49,530 --> 00:21:52,350 everywhere on the interwebs please welcome the one and only 319 00:21:52,350 --> 00:21:54,510 dare GG Hey, 320 00:21:54,510 --> 00:21:56,490 guys. Thanks for having me to do 321 00:21:56,520 --> 00:21:59,760 a little more enthusiasm this like always like we're all hyped 322 00:21:59,760 --> 00:22:04,020 up like Hey, guys, the Masked Singer here Come on, man. 323 00:22:04,320 --> 00:22:08,040 It's a little disconcerting sitting across the boardroom 324 00:22:08,040 --> 00:22:10,470 table from thrive from math. 325 00:22:10,799 --> 00:22:14,159 Yes, it's very hot in the suit. So it's very hard to 326 00:22:16,470 --> 00:22:17,280 green suit. 327 00:22:17,309 --> 00:22:18,959 Yes. Yeah, exactly. 328 00:22:19,170 --> 00:22:25,560 Gigi, you are you are a legend on the internet. Certainly well 329 00:22:25,560 --> 00:22:30,150 known for your writing. Well known for your your Bitcoin 330 00:22:30,150 --> 00:22:33,300 maximalism. Would you? Like? How would you describe yourself to 331 00:22:33,300 --> 00:22:36,300 introduce yourself? To the uninitiated? 332 00:22:36,630 --> 00:22:39,600 Yeah, I'm probably best described as a Bitcoin on. 333 00:22:40,170 --> 00:22:44,160 That's how I would classify myself. I don't necessarily 334 00:22:44,160 --> 00:22:47,910 agree with the, you know, like toxic maximalists label and so 335 00:22:47,910 --> 00:22:51,990 on. It's, it's something that was adopted by Bitcoiners. Over 336 00:22:51,990 --> 00:22:55,920 time, but it started from, from the shit coin crowd, you know, 337 00:22:55,920 --> 00:23:02,160 it was used as an insult almost. But anyway, I actually I, I 338 00:23:02,160 --> 00:23:06,450 would like to kind of, say one or two things about common 339 00:23:06,450 --> 00:23:10,590 issues and so on. Yes, because I agree with a lot of what you 340 00:23:10,590 --> 00:23:13,800 said the day, but it's, it's obvious that those kinds of 341 00:23:13,800 --> 00:23:17,670 systems always run into the same issues. And two of the things 342 00:23:17,700 --> 00:23:21,720 you already mentioned, it's like, do you want to have spam 343 00:23:21,720 --> 00:23:24,450 protection? And if you have spam protection, how do you do this? 344 00:23:24,480 --> 00:23:27,210 And there are two ways to solve this problem, kind of one of 345 00:23:27,210 --> 00:23:30,720 them is like, make make people pay for it. So that you get rid 346 00:23:30,720 --> 00:23:34,320 of like the spam farms, millions of comments, because it was 347 00:23:34,320 --> 00:23:37,590 just, you know, like, it's an economic problem, almost. It's 348 00:23:37,590 --> 00:23:41,070 like, what is your return on investment wish to spam. And if 349 00:23:41,070 --> 00:23:44,820 you with every comment, if it costs like a fraction of a 350 00:23:44,820 --> 00:23:48,390 penny, then, you know, like you, you might kill all the spam 351 00:23:48,390 --> 00:23:52,170 farms and the spam bots and the bot armies immediately. And it's 352 00:23:52,170 --> 00:23:54,780 also related to identity, as you mentioned, you know, like you 353 00:23:54,810 --> 00:24:00,000 you want to have system, this resistance to civil attacks, you 354 00:24:00,000 --> 00:24:03,720 don't want to have like, and what Adam just mentioned, you 355 00:24:03,720 --> 00:24:05,700 know, you want to have some moderation, maybe, you know, it 356 00:24:05,700 --> 00:24:08,190 depends on, like, how you how you want to play this, and if 357 00:24:08,190 --> 00:24:13,260 you have moderation, it's no use to, you know, delete a comment 358 00:24:13,290 --> 00:24:16,380 by someone or disable an account. And it's very, very 359 00:24:16,380 --> 00:24:19,380 easy to spin up like a million new accounts, you know, like, 360 00:24:19,380 --> 00:24:23,070 that's, I think, I think that the nature of of these systems 361 00:24:23,370 --> 00:24:27,360 is such that you always run into these problems. And so, I think, 362 00:24:28,140 --> 00:24:31,980 the comment I wanted to make is that you mentioned that the 363 00:24:32,130 --> 00:24:36,240 barrier to entry to use lightning comments is very high. 364 00:24:36,450 --> 00:24:42,150 And I I kind of agree, but the alternative is to have an 365 00:24:42,150 --> 00:24:45,660 account somewhere, you know, like have some some system that 366 00:24:45,660 --> 00:24:49,650 is permissioned. And you you create an account, and then you 367 00:24:49,650 --> 00:24:53,340 have an identity, and then you can use the comment system, you 368 00:24:53,340 --> 00:24:57,060 know, and lightning kind of solves this in a roundabout way, 369 00:24:57,060 --> 00:25:00,870 so to speak, where your identity is tied to Your lightning wallet 370 00:25:00,900 --> 00:25:05,040 and you pay for the comment, which is kind of one kind of 371 00:25:05,040 --> 00:25:07,830 spam protection. So I'm just I'm just trying to say, you know, 372 00:25:07,860 --> 00:25:10,140 like, it's it's trade offs all the way down. And I don't think 373 00:25:10,140 --> 00:25:11,640 there is a one size fits all solution. 374 00:25:12,750 --> 00:25:17,400 Yeah. And I think that the barrier, the barrier to entry 375 00:25:17,400 --> 00:25:23,160 thing is going to lessen over time. But I am skeptical that 376 00:25:23,700 --> 00:25:27,870 the, because you hear this a lot, you hear that? Or not a 377 00:25:27,870 --> 00:25:31,080 lot, maybe that you hear that, if you have to pay for comments 378 00:25:31,350 --> 00:25:35,190 that you get a higher quality. And I, I agree with that from a 379 00:25:35,190 --> 00:25:38,910 spam farm perspective, where you have just massive amounts of 380 00:25:38,910 --> 00:25:42,780 Viagra spam going out into the world. But there's another layer 381 00:25:42,810 --> 00:25:46,020 of sort of low quality commenting that doesn't really 382 00:25:46,020 --> 00:25:49,350 get dealt with when it comes to that. And that's just sort of 383 00:25:49,350 --> 00:25:53,790 troll type comments. Because if, if a comment only calls you one 384 00:25:53,790 --> 00:25:56,280 sad, it's really not a bear. You know, 385 00:25:56,339 --> 00:26:01,379 if you recall here, the way sphinx chat does it, which I was 386 00:26:01,379 --> 00:26:06,569 always enamored by, is they had a staking system. So it would be 387 00:26:06,569 --> 00:26:12,809 like you would for each comment, you would stake 100 SATs. And 388 00:26:12,809 --> 00:26:16,409 after several hours that 100 SATs would come back, if you 389 00:26:16,409 --> 00:26:18,479 turned out to be a spammer then you would lose it. 390 00:26:19,680 --> 00:26:22,590 Yeah, yeah, that's it. That's an interesting. Yeah, like, 391 00:26:22,679 --> 00:26:25,889 that was a little that was a little different than than just 392 00:26:25,889 --> 00:26:29,249 paying for something. Yes, a small amount? 393 00:26:30,599 --> 00:26:34,919 Well, that, you know, when it comes to this, you know, the 394 00:26:34,919 --> 00:26:38,489 challenge we've had the last really few weeks. And this is 395 00:26:38,489 --> 00:26:43,559 another barrier to entry is. And it's a little bit off topic. But 396 00:26:43,739 --> 00:26:47,789 is, is getting people up and running with lightning. Me 397 00:26:47,819 --> 00:26:53,039 because what we want, obviously, you know, all of us want is 398 00:26:53,069 --> 00:26:57,179 people to have their own keys. Yeah, we want noncustodial we 399 00:26:57,179 --> 00:27:01,259 want people to have their own keys. The the good solution for 400 00:27:01,259 --> 00:27:04,919 that is something like an Umbral. But lately that has been 401 00:27:04,919 --> 00:27:10,199 a real challenge did the tour that Tor network is not holding 402 00:27:10,199 --> 00:27:14,879 up, it's into the bargain on this old thing. It is these 403 00:27:14,879 --> 00:27:18,239 these Tor channels are falling down. They're unreliable, like 404 00:27:18,239 --> 00:27:21,959 it's it's taking, you know, days and days just to get somebody 405 00:27:21,959 --> 00:27:24,749 with a number up and running, where they can receive where 406 00:27:24,749 --> 00:27:25,979 they can receive payments. 407 00:27:26,069 --> 00:27:30,149 And I will and I wonder if this is, it seems like and Gigi, 408 00:27:30,149 --> 00:27:33,059 maybe you have some view on this, but it seems like channel 409 00:27:33,059 --> 00:27:37,049 opens? They're either good or or you're going to wait and you may 410 00:27:37,049 --> 00:27:40,379 have to wait a long time and then the graph doesn't get 411 00:27:40,379 --> 00:27:43,589 updated. Something's failing somewhere. And it may be LMD. 412 00:27:43,589 --> 00:27:47,039 related. I don't know. Yeah, 413 00:27:48,150 --> 00:27:54,750 I don't think we have to differentiate. I'm sorry, I 414 00:27:54,750 --> 00:27:58,050 think I might have a little bit of a lag. But I think we have to 415 00:27:58,050 --> 00:28:01,920 differentiate between multiple things. Because as you pointed 416 00:28:01,920 --> 00:28:06,930 out, we want users to hold their own keys, which means that they 417 00:28:06,930 --> 00:28:11,010 have noncustodial access to the funds. Because as we can observe 418 00:28:11,010 --> 00:28:13,500 what's currently happening in the world, everyone is getting D 419 00:28:13,500 --> 00:28:17,310 platformed. Users, companies, whole country countries, baby 420 00:28:17,310 --> 00:28:22,290 whole countries. In the monitor, yeah, there you go. And being D 421 00:28:22,290 --> 00:28:27,270 platformed. In a in a monetary sense. It's like an existential 422 00:28:27,270 --> 00:28:30,870 threat. And we obviously want to move away from that. And I think 423 00:28:30,900 --> 00:28:33,630 all of that is related, you know, like you, if you want to 424 00:28:33,630 --> 00:28:37,590 be censorship resistant, it means that you kind of have to 425 00:28:37,590 --> 00:28:39,960 adopt the responsibility of doing it yourself and 426 00:28:39,960 --> 00:28:42,780 withholding your keys. That's kind of easy, you know, like you 427 00:28:42,780 --> 00:28:45,180 write down 12 words in the Bitcoin world and, and that's 428 00:28:45,180 --> 00:28:48,600 it. With running your own node, it's already a bit more of a 429 00:28:48,600 --> 00:28:51,120 hassle. And this is where Ember umbrella comes in, you know, 430 00:28:51,120 --> 00:28:55,110 umbrella makes this way, way easier than it was before. And 431 00:28:55,110 --> 00:28:58,290 other full node solutions, like recipe Blitz, and others exist 432 00:28:58,290 --> 00:29:02,040 as well. So I think we're on a good path there of making this 433 00:29:02,580 --> 00:29:05,940 easier for people to kind of host their own critical 434 00:29:05,940 --> 00:29:10,320 infrastructure. But the problem currently with lightning is that 435 00:29:10,500 --> 00:29:14,370 managing channels and managing liquidity is a big challenge 436 00:29:14,370 --> 00:29:18,360 still, because lightning is so young, and we as like, technical 437 00:29:18,390 --> 00:29:20,340 community, we still have to figure out how to do this 438 00:29:20,340 --> 00:29:23,370 properly. And again, like this is not it's not only about 439 00:29:23,370 --> 00:29:26,280 solving technical problems, these are also economic problems 440 00:29:26,280 --> 00:29:29,760 and this is why currently lightning service providers and 441 00:29:29,760 --> 00:29:34,110 those kinds of service based solutions are popping up where 442 00:29:35,010 --> 00:29:39,120 just like with internet service providers, you don't have to 443 00:29:39,360 --> 00:29:42,960 take care about a lot of the you know nitty gritty technical 444 00:29:42,960 --> 00:29:48,030 details, but you can just use someone else's service to to 445 00:29:48,030 --> 00:29:51,060 access lightning so to speak, or to access liquidity but this 446 00:29:51,060 --> 00:29:54,420 again, you know, like it all. It always comes down to the same 447 00:29:54,420 --> 00:29:59,010 issue. Once you rely on a on an external service. You have a 448 00:29:59,010 --> 00:30:03,030 trusted third party that Yeah, can interfere with the things 449 00:30:03,030 --> 00:30:03,540 you want to do. 450 00:30:03,839 --> 00:30:07,949 Yeah, I think so. Let me sort of go sideways here for a second. 451 00:30:08,129 --> 00:30:12,539 The, the idea you brought up, you know, sort of toxic this 452 00:30:12,569 --> 00:30:18,239 Bitcoin maximalism, and I want to talk about that idea for a 453 00:30:18,239 --> 00:30:21,839 while, but you know, in a kind of want to start in a specific 454 00:30:21,839 --> 00:30:28,019 way, the there is something that, that we've been thinking 455 00:30:28,019 --> 00:30:30,689 and talking about, and I say, we are talking about me, me and 456 00:30:30,689 --> 00:30:34,409 Alex, we've kind of been going back and forth on this on text 457 00:30:34,409 --> 00:30:40,319 message and stuff. Is there. There's this notion of, clearly 458 00:30:40,319 --> 00:30:45,419 bitcoin is, is in the lead, so to speak, like it is, it's the 459 00:30:45,419 --> 00:30:49,379 only thing the way I see it. And the way I think many many people 460 00:30:49,379 --> 00:30:53,759 see it within within halls of power even is that it it is the 461 00:30:53,759 --> 00:30:59,189 thing, it is the digital currency, or the digital crypto 462 00:30:59,249 --> 00:31:04,859 crypto coin, so to speak, that most closely look resembles 463 00:31:04,859 --> 00:31:08,879 money. You look at other things like Aetherium and other 464 00:31:08,879 --> 00:31:12,509 blockchain based you know, coins, shit coins, all coins, 465 00:31:12,509 --> 00:31:14,579 whatever gonna call them, you look at those things, and they 466 00:31:14,579 --> 00:31:18,539 don't, they have function, they have utility, they, they may be 467 00:31:18,539 --> 00:31:21,719 good at distributed apps, they may be good at do, they may be 468 00:31:21,719 --> 00:31:26,369 good at things, but they're not. They don't have the the 469 00:31:26,369 --> 00:31:29,699 properties that we closely associate with what a money is. 470 00:31:30,209 --> 00:31:34,049 So for that, for that standpoint, Bitcoin is clearly 471 00:31:34,049 --> 00:31:39,329 in the lead when it comes to a possible digital accepted 472 00:31:39,329 --> 00:31:42,959 digital currency. And I think we all hope that it gets to that 473 00:31:42,959 --> 00:31:49,949 point. But then in order to get there, there's some things that 474 00:31:49,949 --> 00:31:53,189 seem to have to happen. And those are the things that give 475 00:31:53,189 --> 00:31:57,329 you a little bit of unease. Like I expressed it to Alex last 476 00:31:57,329 --> 00:32:01,259 night, I said, Well, you know, I often have this sort of Darwin's 477 00:32:01,259 --> 00:32:05,429 dilemma where I think in the back of my mind you know, this 478 00:32:05,429 --> 00:32:08,639 is fantastic that we're gonna get this you know, it looks like 479 00:32:08,639 --> 00:32:12,389 a real possibility that we could get an accept Bitcoin accepted 480 00:32:12,389 --> 00:32:16,439 in the halls of government around the world as an as as 481 00:32:16,439 --> 00:32:19,949 valid programmable money. But then at the same time, I think 482 00:32:19,949 --> 00:32:22,559 back and I'm like, well, in order to get there are we going 483 00:32:22,559 --> 00:32:26,249 to have to do things like, like wasabi wallet is having to do 484 00:32:26,249 --> 00:32:30,839 right now, which is distancing itself start filtering UTX O's 485 00:32:31,109 --> 00:32:34,649 distancing itself from from, from anything that looks like 486 00:32:34,649 --> 00:32:38,099 criminal activity. And in the process, what we've done is 487 00:32:38,099 --> 00:32:43,919 we've, we've unwittingly ushered in the era of the cashless 488 00:32:43,919 --> 00:32:49,469 society and the currency surveillance state. Like do you 489 00:32:49,469 --> 00:32:50,579 have any thoughts on that? 490 00:32:52,529 --> 00:32:54,899 I have a lot of thoughts on that. I know for 491 00:32:58,319 --> 00:33:01,439 us the wasabi here for a lot of people out you know, it really 492 00:33:01,439 --> 00:33:01,679 did 493 00:33:01,740 --> 00:33:05,010 I don't know I don't know what it was I understand what unspent 494 00:33:05,070 --> 00:33:08,940 UTX owes are but what what exactly was wasabi doing? 495 00:33:08,940 --> 00:33:12,750 Because I missed that. You go, you go. 496 00:33:14,400 --> 00:33:17,460 Alright, yeah, go for it. Okay, I just Just for the record, you 497 00:33:17,460 --> 00:33:20,580 know, here I thought we were going to talk about the freedom 498 00:33:20,580 --> 00:33:23,010 of value and the value for value of the of the chairs but the end 499 00:33:23,010 --> 00:33:27,450 game to talk about VidCon maximalism coin join wasabi 500 00:33:27,450 --> 00:33:32,700 stuff and so on, like, but it's okay, let me start out with 501 00:33:32,700 --> 00:33:36,330 saying that all of it is very kind of complicated, because 502 00:33:36,330 --> 00:33:39,690 Bitcoin and especially Bitcoin privacy is complicated. So, 503 00:33:39,870 --> 00:33:44,340 alright. Bitcoin, as everyone should know, is nothing but a 504 00:33:44,370 --> 00:33:47,310 public ledger, you know, like it's a list of transactions and 505 00:33:47,310 --> 00:33:50,550 everyone can look at them and verify them. This is also why 506 00:33:50,550 --> 00:33:53,790 Bitcoin is so important because it's transparent, and you can, 507 00:33:54,510 --> 00:33:58,800 it all kind of relates to each other. It's like this, this 508 00:33:58,800 --> 00:34:03,390 Gordian knot of multiple things and also the verification part 509 00:34:03,390 --> 00:34:08,850 that the fact that you can run a Bitcoin node, it all it all is 510 00:34:08,850 --> 00:34:12,180 required to have this fixed limit of 21 million and I think, 511 00:34:12,210 --> 00:34:16,470 you know, I know I will go now on a long tangent, but I think 512 00:34:16,470 --> 00:34:20,400 all of this is very important. So the idea of Bitcoin is to 513 00:34:20,400 --> 00:34:23,910 separate money from state and day if you just mentioned that. 514 00:34:24,960 --> 00:34:27,840 Bitcoin, it's great that you know, Bitcoin might get 515 00:34:27,840 --> 00:34:30,330 government acceptance and so on. The point is, bitcoin does need 516 00:34:30,330 --> 00:34:33,660 government acceptance, Bitcoin works, whether it is accepted by 517 00:34:33,960 --> 00:34:36,930 governments or not, you can use Bitcoin right now. And so, 518 00:34:37,470 --> 00:34:41,430 essentially, Bitcoin is gray market, black market money if 519 00:34:41,430 --> 00:34:43,740 Bitcoin doesn't work on the black market, Bitcoin doesn't 520 00:34:43,740 --> 00:34:46,050 work at all. That's that's the whole idea. The problem has 521 00:34:46,050 --> 00:34:49,800 become privacy's, that it's a completely transparent ledger. 522 00:34:49,830 --> 00:34:55,290 So if your activity on the Bitcoin network can be related 523 00:34:55,290 --> 00:34:58,650 to your real identity, then you can also be tracked there are 524 00:34:58,650 --> 00:35:01,740 ways to circumvent this you can and think about it a little bit 525 00:35:01,980 --> 00:35:05,550 like encryption, even though like that analogy breaks down 526 00:35:05,550 --> 00:35:11,820 really quickly, but it's like, if you, if you enter into an 527 00:35:11,820 --> 00:35:15,270 encrypted communication with someone, even though other 528 00:35:15,270 --> 00:35:18,600 people can see that this encrypted messages are sent back 529 00:35:18,600 --> 00:35:20,940 and forth, they cannot read them, you know, like, that's 530 00:35:20,940 --> 00:35:22,320 it's an it's, it's, 531 00:35:22,529 --> 00:35:25,889 they can still follow the trail, which is exactly what NSA does 532 00:35:25,889 --> 00:35:28,079 just follow, follow who's connected to who, 533 00:35:28,919 --> 00:35:32,279 right, that is true, like you, you can still have some access 534 00:35:32,279 --> 00:35:36,749 to metadata and so on, like, all of that is true. But in Bitcoin, 535 00:35:36,749 --> 00:35:42,599 it's like, you can, you can make use of certain technique, which 536 00:35:42,599 --> 00:35:45,689 is, which is usually called contracts, I like to refer to 537 00:35:45,689 --> 00:35:47,729 them as collaborative transactions, because that's 538 00:35:47,729 --> 00:35:51,209 what they are. So you come together, usually when you do a 539 00:35:51,209 --> 00:35:53,879 Bitcoin transaction, and now we're going to get technical, 540 00:35:54,059 --> 00:35:58,019 all your inputs are controlled by the same party. So Bitcoin 541 00:35:58,019 --> 00:36:02,669 has this ut EXO system, again, it comes back to two, validation 542 00:36:02,669 --> 00:36:07,589 and verification. So the whole Bitcoin network, since the first 543 00:36:07,589 --> 00:36:10,859 block, since block zero, since the Genesis block, you can 544 00:36:10,859 --> 00:36:13,619 analyze, and it's basically this big tree, you know, like, it's 545 00:36:13,619 --> 00:36:17,099 like a big tree structure. And every single Bitcoin transaction 546 00:36:17,099 --> 00:36:21,959 creates like a new branch. And we call the leaves of these 547 00:36:21,959 --> 00:36:25,079 branches, UTX O is short for unspent transaction outputs. So 548 00:36:25,079 --> 00:36:27,389 it is it is basically the money in your pocket, the money that 549 00:36:27,389 --> 00:36:31,409 you have not spent yet, and the Bitcoin leaves a trail of all 550 00:36:31,409 --> 00:36:33,989 the spendings. So you can see where the money went. And this 551 00:36:33,989 --> 00:36:39,119 is terribly important, because you have to make sure that there 552 00:36:39,119 --> 00:36:42,629 are not more than 21 million bitcoins in existence, you're 553 00:36:42,629 --> 00:36:46,199 not like this, all of it hangs together. So so this is the root 554 00:36:46,199 --> 00:36:48,929 of the problem, kind of, alright, so what do you do in 555 00:36:48,929 --> 00:36:51,089 this transparent system, you come together, and you create a 556 00:36:51,089 --> 00:36:55,409 collaborative transaction. And this, you can, you can, 557 00:36:55,559 --> 00:36:58,739 basically, and okay, take this analogy with a large grain of 558 00:36:58,739 --> 00:37:02,819 salt, but it's, it's basically, let's say, you all have a $1 559 00:37:02,819 --> 00:37:06,299 bill. And let's say magically, you can trace these these $1 560 00:37:06,299 --> 00:37:12,599 bills. And, and so you all come together, and you throw the $1 561 00:37:12,599 --> 00:37:16,529 bills into a big pot, and everyone knows that I threw a $1 562 00:37:16,529 --> 00:37:18,929 bill in, and you take out another $1 Bill, that's 563 00:37:18,929 --> 00:37:24,059 basically a contract. So you all come together, and you, you, you 564 00:37:24,059 --> 00:37:27,749 smelt the UTX O's together, and you get the same back more or 565 00:37:27,749 --> 00:37:32,969 less minus a fee. And then your, your past the past few bitcoin 566 00:37:32,969 --> 00:37:36,389 is cleared. It's very much like cleaning your browser history 567 00:37:36,389 --> 00:37:38,579 basically, like if you want to think about it in a really 568 00:37:38,579 --> 00:37:44,489 stupid way. Alright. So wasabi, and another big implementation 569 00:37:44,489 --> 00:37:48,119 summarize, what they offer is like a coordination service. So 570 00:37:48,119 --> 00:37:52,679 it's not, it's not a they're they're not the money 571 00:37:52,679 --> 00:37:57,119 transmitter. Because coin join. Creating a coin is not an 572 00:37:57,119 --> 00:37:59,729 economic problem. It's like a coordination problem. You have 573 00:37:59,729 --> 00:38:02,369 to bring people together that want to do this and want to 574 00:38:02,369 --> 00:38:04,139 create this collaborative transactions. 575 00:38:04,200 --> 00:38:06,780 It's like, it's like coordinating a ring of fire. 576 00:38:08,070 --> 00:38:13,860 Yeah, exactly. Yeah. And, and that's why Lightning Network 577 00:38:13,860 --> 00:38:16,350 plus, or whatever it's called sites like this exists, where 578 00:38:16,350 --> 00:38:18,990 you can, you can announce that you want to create a ring of 579 00:38:18,990 --> 00:38:23,610 fire, and it should have five participants, and these are the 580 00:38:23,610 --> 00:38:26,460 conditions and so on. And everyone signs up and says, 581 00:38:26,460 --> 00:38:28,890 Yeah, I want to participate. And once everyone is together, you 582 00:38:28,890 --> 00:38:34,560 can do it. And that's it. And, like, we had legal precedents of 583 00:38:34,560 --> 00:38:36,810 those kinds of issues, it's very much like the Pirate Bay is not 584 00:38:36,810 --> 00:38:40,080 the final cost, you know, like, it's just linking to other 585 00:38:40,080 --> 00:38:45,510 things. And this is relevant, because wasabi, and samurai are 586 00:38:45,510 --> 00:38:49,170 centralized coordinators. So they are coordinating coin join 587 00:38:49,170 --> 00:38:53,700 rounds, but they're, they're not touching any money ever. And 588 00:38:53,730 --> 00:38:59,010 currently, especially in the European Union, and in other 589 00:38:59,010 --> 00:39:01,530 countries, as well. But there are regulations being worked out 590 00:39:01,560 --> 00:39:05,310 that want to kind of classify all kinds of things as money 591 00:39:05,310 --> 00:39:08,070 transmitters that want to impose, right, there's your 592 00:39:08,070 --> 00:39:12,810 proper KYC and AML laws on those kinds of services. You know, 593 00:39:12,870 --> 00:39:16,290 it's, it's, it's like you forgot to pick another example. You can 594 00:39:16,290 --> 00:39:19,140 do conjoint coordination on an IRC server, you know, like, you 595 00:39:19,140 --> 00:39:21,750 can automate this and you just post messages to an IRC server. 596 00:39:22,020 --> 00:39:26,040 And it's the same, it's the same thing. And so what, what 597 00:39:26,040 --> 00:39:29,880 governments want to do is like, outlaw these kinds of messages 598 00:39:29,880 --> 00:39:32,850 and outlaw these kinds of coordinations and wasabi 599 00:39:32,880 --> 00:39:37,230 preemptively said, okay, like, this regulation is coming, it's 600 00:39:37,230 --> 00:39:43,260 inevitable. And thus we, we are going to start working with coin 601 00:39:43,740 --> 00:39:45,810 with chain surveillance companies, and we're gonna 602 00:39:46,230 --> 00:39:49,290 Indian censor transactions and so on. And I think this is 603 00:39:49,350 --> 00:39:52,080 terrible. And it's such a terrible precedent. And again, 604 00:39:52,110 --> 00:39:55,650 talking of precedents, we we had this before it was with Lavabit. 605 00:39:55,650 --> 00:40:00,000 And that was Edward Snowden, you know, like, lava bits just over 606 00:40:00,000 --> 00:40:02,130 Email services that are encrypted and the government 607 00:40:02,130 --> 00:40:07,020 came knocking, and Lavabit did I think the ethical correct thing 608 00:40:08,490 --> 00:40:11,130 and deleted all the records, and in my opinion, wasabi should 609 00:40:11,130 --> 00:40:13,440 have done the same. But we should also differentiate 610 00:40:13,440 --> 00:40:16,230 between wasabi, the company and wasabi, the implementation 611 00:40:16,230 --> 00:40:19,020 because wasabi is open source software, and you can spin up 612 00:40:19,020 --> 00:40:24,390 your own coordination service and your own coordinator and set 613 00:40:24,480 --> 00:40:27,810 the coordinator of your wasabi service to something else. And 614 00:40:27,810 --> 00:40:30,480 then everything just works again, so to speak, you know, 615 00:40:30,630 --> 00:40:33,150 it's very much like, you know, you can just hop to a different 616 00:40:33,150 --> 00:40:40,110 IRC server, and you're still good to go. But it's, it's this 617 00:40:40,110 --> 00:40:44,700 is the whole wasabi story. And it's it's like, I don't know how 618 00:40:44,700 --> 00:40:49,740 deep we want to go into this. I think privacy eventually is, 619 00:40:50,040 --> 00:40:52,710 yeah, we don't have to go TBD. I really just wanted to kind of 620 00:40:52,710 --> 00:40:55,980 sit. Like that's a good explanation for everybody. 621 00:40:55,980 --> 00:40:59,760 Because I think that that that is something came to hit to a 622 00:40:59,760 --> 00:41:02,850 head in my mind about this whole thing when when I was thinking 623 00:41:02,850 --> 00:41:08,910 about it, there's sort of what Bitcoin maximalism really is and 624 00:41:08,940 --> 00:41:14,310 whether or not it's prepared to have this discussion of because 625 00:41:14,310 --> 00:41:16,920 there's there's Bitcoin maximalists out there, quote 626 00:41:16,920 --> 00:41:24,000 unquote, that are that do their whole goal is not to get 627 00:41:24,210 --> 00:41:27,990 government acceptance of Bitcoin as currency. And then there's 628 00:41:28,110 --> 00:41:31,530 the same people claiming to be Bitcoin maximalist, who that is 629 00:41:31,530 --> 00:41:34,890 what they passionately care about. And those two things 630 00:41:34,890 --> 00:41:36,960 don't seem to mix to me. 631 00:41:38,160 --> 00:41:41,700 Well, well, let me put it like this. Okay. I think we all agree 632 00:41:41,700 --> 00:41:45,030 the Internet is a good thing. And free exchange of information 633 00:41:45,030 --> 00:41:51,120 is a good thing, right? Yeah. So what this is about is, like the 634 00:41:51,120 --> 00:41:53,490 internet works, whether governments wanted to work or 635 00:41:53,490 --> 00:41:56,670 not, okay, like you can, you can build an internet for yourself, 636 00:41:56,670 --> 00:41:58,800 you take two computers, and you network them together. And if it 637 00:41:58,800 --> 00:42:00,960 gets big enough, you basically have an internet, right? Like, 638 00:42:00,960 --> 00:42:03,720 that's the whole idea is to have one network on standard 639 00:42:03,720 --> 00:42:06,180 protocols that just work together. It's like a language, 640 00:42:06,180 --> 00:42:07,950 you know, and when two people meet and speak the same 641 00:42:07,950 --> 00:42:10,560 language, that's where the English languages, you know, 642 00:42:10,590 --> 00:42:13,800 with the internet, and TCP IP, and all these protocols that you 643 00:42:13,800 --> 00:42:16,500 Dave know very, very well, if two computers, multiple 644 00:42:16,500 --> 00:42:21,990 computers come together, then this thing is being brought into 645 00:42:21,990 --> 00:42:26,130 existence, you know, and the thing is, do we want to convince 646 00:42:26,130 --> 00:42:29,400 governments that this is a good thing? And do we want to kind 647 00:42:29,400 --> 00:42:32,820 of, you know, like, do do we want to outlaw this? Or do we 648 00:42:32,820 --> 00:42:36,390 want to accept this for what it is, and build useful tools for 649 00:42:36,390 --> 00:42:39,480 people? And with Bitcoin? It's exactly the same thing. You 650 00:42:39,480 --> 00:42:43,440 know, like, do we want to outlaw Bitcoin and push it underground? 651 00:42:43,500 --> 00:42:46,590 Bitcoin doesn't care, it will still work, you know, Bitcoin is 652 00:42:46,620 --> 00:42:48,840 dark market, money always has been, you know, it will always 653 00:42:48,840 --> 00:42:51,450 work just like, just like the internet, you know, like, it's, 654 00:42:51,690 --> 00:42:56,430 it's, it is built upon principles that are that are 655 00:42:56,430 --> 00:43:00,660 just kind of eternal principles, you know, like, you cannot shut 656 00:43:00,660 --> 00:43:03,870 down Bitcoin, that's the whole point. But it's, I don't think 657 00:43:03,870 --> 00:43:08,460 it's healthy for society to make Bitcoin illegal. Because in the 658 00:43:08,460 --> 00:43:11,310 end, there are a lot of people that don't have access to 659 00:43:11,310 --> 00:43:16,110 finances, and also black, the big problem that we currently 660 00:43:16,110 --> 00:43:19,200 have is that money is not separate from the state and the 661 00:43:19,200 --> 00:43:22,680 state willy nilly expense, the monetary supply, and so on. All 662 00:43:22,680 --> 00:43:25,290 of these are kind of separate issues. And Bitcoin kind of 663 00:43:25,290 --> 00:43:27,990 solves them all at once. And that's, I think, why Bitcoin is 664 00:43:27,990 --> 00:43:32,970 so terribly important, but I think, you know, cheering on El 665 00:43:32,970 --> 00:43:35,880 Salvador, for example, for accepting bitcoin is legal 666 00:43:35,880 --> 00:43:40,590 tender, is kind of it's, you can think about it, what, what do 667 00:43:40,590 --> 00:43:46,290 you want? I think, you know, I think it's, it's good to see 668 00:43:46,290 --> 00:43:49,770 that some governments at least see this for what it is, which 669 00:43:49,770 --> 00:43:53,310 is freedom, money, and they they're like, Okay, we don't 670 00:43:53,310 --> 00:43:55,500 want to push it on the ground, we don't want to make it 671 00:43:55,500 --> 00:43:59,010 illegal. So let's, let's build something around it, you know, 672 00:43:59,010 --> 00:44:01,290 like this is, it's just like the internet, you know, like you 673 00:44:01,290 --> 00:44:05,520 have new new business models, new things that you can build on 674 00:44:05,520 --> 00:44:09,960 top that are very valuable for society. And that's, that's my 675 00:44:09,960 --> 00:44:11,190 position, at least on this. 676 00:44:11,610 --> 00:44:16,320 So you could say that, that it's, it really depends on the 677 00:44:16,320 --> 00:44:20,850 situation, because if you could say LCL I can feel two different 678 00:44:20,850 --> 00:44:24,240 ways about it. I can say LCL when I see El Salvador accept 679 00:44:24,240 --> 00:44:28,110 Bitcoin as as currency as a legal tender, then I can say, 680 00:44:28,110 --> 00:44:31,560 well, that feels good to me because Elsa, the El 681 00:44:31,560 --> 00:44:36,690 Salvadorian, people are dealing with oppressive monetary and 682 00:44:36,690 --> 00:44:39,750 oppressive monetary situation and this gives them some measure 683 00:44:39,750 --> 00:44:43,110 of relief from that. But then I can also look at something like 684 00:44:43,200 --> 00:44:49,800 the US or the EU, and I can see them making some sort of nods to 685 00:44:49,830 --> 00:44:54,360 bit you know, Bitcoin as as potential money in the future. 686 00:44:54,360 --> 00:44:57,990 And that can also freak me out at the same time and say, Well, 687 00:44:58,080 --> 00:45:01,020 what am I going to have to give up in order to make that happen 688 00:45:02,580 --> 00:45:06,000 how do you mean that I'm not sure I understand what it looked 689 00:45:06,240 --> 00:45:07,710 like what what giving up 690 00:45:07,949 --> 00:45:10,889 like in order to get there are we going to have to start doing 691 00:45:10,889 --> 00:45:14,219 things like wasabi is doing filtering UTX O's adhering to 692 00:45:14,219 --> 00:45:19,349 draconian you know regulations that get weird, z like you know 693 00:45:19,349 --> 00:45:22,829 in order it's like okay, here's the path the pathway to 694 00:45:23,099 --> 00:45:26,849 accepting you know, the Bitcoin as digital currency within the 695 00:45:26,849 --> 00:45:31,559 US could be the pathway could look like all of these 696 00:45:31,949 --> 00:45:35,969 oppressive steps and whether you really want it or not 697 00:45:36,480 --> 00:45:38,640 that's that's not gonna be Bitcoin you know there's gonna 698 00:45:38,640 --> 00:45:42,450 be something else and and I think that's the important part 699 00:45:42,480 --> 00:45:47,160 that is to be understood in Bitcoin. And you you you kind of 700 00:45:47,850 --> 00:45:50,640 halfway asked the question before like what what is bitcoin 701 00:45:50,640 --> 00:45:54,030 maximalism more or you define Bitcoin maximalism for yourself? 702 00:45:54,150 --> 00:46:00,000 I think Bitcoin maximalism is is just like an economic viewpoint. 703 00:46:00,030 --> 00:46:04,230 It's like a monetary viewpoint. Yeah, it is. It is like who 704 00:46:04,230 --> 00:46:07,410 should be in charge of the money printers. Bitcoin does away with 705 00:46:07,410 --> 00:46:09,360 the money printers and no one should be in charge of the money 706 00:46:09,360 --> 00:46:12,750 printers, everyone can print Bitcoin, if you start mining, 707 00:46:12,780 --> 00:46:16,410 you know, but there will never be more than 21 million 708 00:46:16,410 --> 00:46:18,990 Bitcoins, you're not 21 million. That's it. And the way that 709 00:46:18,990 --> 00:46:22,080 Bitcoin works is that you can do everything yourself, you can 710 00:46:22,080 --> 00:46:25,740 mine yourself, you can hold your own keys, you can run your own, 711 00:46:25,740 --> 00:46:28,470 or you should hold your own keys, and you should run your 712 00:46:28,470 --> 00:46:32,520 own node, you define what Bitcoin is for yourself. And no 713 00:46:32,520 --> 00:46:36,030 one can interfere with this decision. So your hypothetical 714 00:46:36,030 --> 00:46:39,810 scenario of the US or the European Union changing Bitcoin 715 00:46:39,810 --> 00:46:43,500 so that it is more compliant. This, this does not exist. If 716 00:46:43,500 --> 00:46:46,440 you understand Bitcoin, and you use it correctly, you decide 717 00:46:46,440 --> 00:46:49,740 what software to run, and you define the consensus parameters. 718 00:46:50,010 --> 00:46:53,340 And they cannot change that. And it's very much like, for 719 00:46:53,340 --> 00:46:57,150 example, in the English language, or chess, if you want 720 00:46:57,150 --> 00:47:00,930 to play chess, you just play chess with a buddy and you play 721 00:47:00,960 --> 00:47:04,890 by the rules of chess as you know them. And if the EU comes 722 00:47:04,890 --> 00:47:07,350 and says, Okay, we're going to change the rules of chess. And 723 00:47:07,500 --> 00:47:09,870 you you now like, you know, like, we were going to make the 724 00:47:09,870 --> 00:47:12,450 board size twice as large and we're introducing five new 725 00:47:12,450 --> 00:47:15,420 pieces and what have you. It doesn't, it doesn't faze you, 726 00:47:15,420 --> 00:47:18,000 you can just play chess as you always played it. And bitcoin is 727 00:47:18,000 --> 00:47:21,060 just like that. It's just, it's not round based, it always goes 728 00:47:21,090 --> 00:47:25,260 goes on. And the rules of the game, the consensus parameters 729 00:47:25,290 --> 00:47:28,560 are part of the software and are part of the transactions are 730 00:47:28,560 --> 00:47:33,720 part of, of the whole system. And so changing it is almost 731 00:47:33,720 --> 00:47:36,450 impossible. You know, like that's, that's what blocksize 732 00:47:36,450 --> 00:47:40,110 wars were about, like, if you change Bitcoin in a way that it 733 00:47:40,110 --> 00:47:43,890 is not backwards compatible, you create a new coin, and that's 734 00:47:43,890 --> 00:47:46,560 what happened with B cash and all the rest of the shit. Yeah, 735 00:47:46,589 --> 00:47:48,989 no, I totally agree with that. I totally understand that. I guess 736 00:47:48,989 --> 00:47:52,679 I'm thinking more of just the regulation that layers on top of 737 00:47:53,009 --> 00:47:56,879 the acceptance of it like, okay, yeah, sure, you can get a 738 00:47:56,879 --> 00:48:00,809 Coinbase no longer has to send out we do us magically says, 739 00:48:00,809 --> 00:48:05,549 Okay, now you do not have to treat Bitcoin as property. Now 740 00:48:05,549 --> 00:48:09,239 you were going to treat it as currency. And it's just, it's 741 00:48:09,239 --> 00:48:12,239 going to be just like holding dollars in the bank account. But 742 00:48:13,229 --> 00:48:18,839 in order in order to, in order to have this, this, this 743 00:48:18,839 --> 00:48:23,579 treatment on your Coinbase account or your you know, pick, 744 00:48:23,579 --> 00:48:26,489 pick whichever exchange you want, in order to have this 745 00:48:26,489 --> 00:48:31,289 feature. You are going you cannot use coin joins. You must 746 00:48:31,289 --> 00:48:34,979 Everything must be vanilla block, you know, Blockchain 747 00:48:34,979 --> 00:48:39,539 transactions, and the government can see every single UTX Oh, now 748 00:48:39,539 --> 00:48:42,509 there's no need for now, you don't even have the protection 749 00:48:42,509 --> 00:48:45,209 of $600 limits on 1099. Yeah, but 750 00:48:45,210 --> 00:48:50,070 hold on, hold on a second, hold on a second. I'm with Gigi on 751 00:48:50,070 --> 00:48:53,880 this that has nothing to do really with the core reason for 752 00:48:53,880 --> 00:48:59,370 Bitcoin which is truly at the source of the money, all this 753 00:48:59,370 --> 00:49:02,820 other it's an when you have a perfect money, it's going to be 754 00:49:02,820 --> 00:49:06,630 perfect in every way is going to be perfect and transparency too. 755 00:49:07,680 --> 00:49:12,330 And I don't believe Bitcoin was created to circumvent or deal 756 00:49:12,330 --> 00:49:16,530 with in any way the IRS. That's a whole different layer. 757 00:49:17,010 --> 00:49:20,700 Let me bring this back to something that you're very 758 00:49:20,700 --> 00:49:23,970 familiar with, namely podcasting. It doesn't matter if 759 00:49:23,970 --> 00:49:28,020 the government outlaws RSS, podcasting still works, you 760 00:49:28,020 --> 00:49:33,090 know, like it's, it's you have to differentiate between 761 00:49:33,960 --> 00:49:40,110 multiple things here and again, Bitcoin was born out of the kind 762 00:49:40,110 --> 00:49:46,170 of motivation to remove the interference of the state and 763 00:49:46,350 --> 00:49:49,800 like to separate money and state this is the main motivation of 764 00:49:49,800 --> 00:49:51,360 Bitcoin, you know, like, 765 00:49:52,410 --> 00:49:56,250 I would say creation I would say creation of money and policy not 766 00:49:56,250 --> 00:49:57,150 necessarily 767 00:49:59,250 --> 00:50:02,880 issuance. issuance and control of money Yeah, controlling the 768 00:50:02,880 --> 00:50:06,990 monetary flows and controlling who is allowed to issue new 769 00:50:06,990 --> 00:50:12,810 money. Yeah, this is the root of all monetary evil like, if in 770 00:50:12,870 --> 00:50:16,920 and, and you cannot do it in a way like a free market for money 771 00:50:16,950 --> 00:50:21,030 this does not exist, you are not free to use whatever money you 772 00:50:21,030 --> 00:50:24,090 want to use. And this is the whole reason why Bitcoin is 773 00:50:24,090 --> 00:50:27,870 built in this very convoluted way. The reason is that no one 774 00:50:27,870 --> 00:50:31,470 can interfere with it, and no one can shut it down. And that 775 00:50:31,470 --> 00:50:37,020 that is what and all previous monetary experiments like cyber 776 00:50:37,020 --> 00:50:41,130 money experiments had a single point of failure, and were shut 777 00:50:41,130 --> 00:50:43,890 down because the governments that kept the government came 778 00:50:43,890 --> 00:50:46,230 stepped in and shut down the company that is running it and 779 00:50:46,230 --> 00:50:49,200 so on. And this is also why Bitcoin maximalists will tell 780 00:50:49,200 --> 00:50:52,110 you that every single other coin is the shit coin, because 781 00:50:52,110 --> 00:50:55,320 they're all centralized. They all have father figures, they 782 00:50:55,320 --> 00:50:58,620 all have teams that tend to this coin, they're all running on 783 00:50:58,620 --> 00:51:01,470 like three nodes or what have you. Like they have no 784 00:51:01,470 --> 00:51:05,160 meaningful centralization. They are not government resistant, 785 00:51:05,160 --> 00:51:07,740 only bitcoin is government resistant. And this is the whole 786 00:51:07,740 --> 00:51:08,100 point. 787 00:51:09,030 --> 00:51:13,650 Yeah, it makes it's interesting to that. And maybe some people 788 00:51:13,650 --> 00:51:17,850 may not realize that you don't when you say that it's 789 00:51:17,850 --> 00:51:21,930 interested resistant. One thing that people may not understand 790 00:51:21,930 --> 00:51:25,830 about Bitcoin is it can be done. It can be you can transact 791 00:51:25,830 --> 00:51:31,650 Bitcoin, just off on a piece of paper with some dice. I mean, 792 00:51:31,650 --> 00:51:33,840 like, you can just, you know, you can rock and roll a private 793 00:51:33,840 --> 00:51:39,180 key workout a transaction, and then you can make offline you 794 00:51:39,180 --> 00:51:41,190 could you could potentially, I can 795 00:51:41,190 --> 00:51:43,860 barely, I can barely get chapters done. Dave, what do you 796 00:51:43,860 --> 00:51:45,630 make me do now with pencil, 797 00:51:46,230 --> 00:51:49,500 like, you could literally, you know, create the Create a 798 00:51:49,500 --> 00:51:53,160 transaction offline, coordinate with somebody through chat or 799 00:51:53,160 --> 00:51:55,590 something else and say, Okay, I'm going to broadcast this 800 00:51:55,590 --> 00:52:00,240 transaction to you, at this day. And this time, give me a while 801 00:52:00,270 --> 00:52:03,840 to get you know, you roll your own key so that I have a wallet 802 00:52:03,840 --> 00:52:06,570 address to send to, and all of this and then you just 803 00:52:06,570 --> 00:52:10,260 broadcasted it that certain time. It's in that in that way, 804 00:52:10,260 --> 00:52:13,980 there's no, there's really even no traceability at all there. 805 00:52:14,010 --> 00:52:15,090 Exactly. Yeah. 806 00:52:15,360 --> 00:52:17,700 And that's what I wanted to mention before you mentioned 807 00:52:17,700 --> 00:52:20,730 Coinbase and so on Bitcoin on Coinbase is not real Bitcoin, 808 00:52:20,760 --> 00:52:23,490 it's just like a paper certificate. Gold, yes. Like the 809 00:52:23,490 --> 00:52:25,980 government can step in and take it away, and so on. The idea 810 00:52:25,980 --> 00:52:29,400 about Bitcoin is that everything is completely decentralized. And 811 00:52:29,400 --> 00:52:32,370 you can do everything on your own and creating a Bitcoin 812 00:52:32,370 --> 00:52:37,560 account account, like in big, big quotes, like, Bitcoin 813 00:52:37,560 --> 00:52:39,450 doesn't have accounts because Bitcoin does not have an 814 00:52:39,450 --> 00:52:42,990 authority where you go towards and you register your account 815 00:52:42,990 --> 00:52:46,320 that you have to ask for permission to, to open like a 816 00:52:46,320 --> 00:52:49,050 Bitcoin bank account. No, that's not how it works. Bitcoin 817 00:52:49,050 --> 00:52:51,300 accounts are created with mathematics. And that's why you 818 00:52:51,300 --> 00:52:55,050 can lock yourself in the toilet with like, a couple of dice or a 819 00:52:55,050 --> 00:53:00,000 coin, and you flip the coin 265 256 times. And 820 00:53:00,030 --> 00:53:05,400 then as you know, these kids these days, Dave, I mean, we 821 00:53:05,400 --> 00:53:08,820 used to lock ourselves in the bathroom with Playboy magazine, 822 00:53:08,820 --> 00:53:12,480 but no, no, now kids are bringing in dice like, oh, yeah, 823 00:53:12,870 --> 00:53:14,220 Mom, leave me alone. 824 00:53:15,570 --> 00:53:18,870 What are you doing? What are you doing? I'm rolling a Bitcoin 825 00:53:18,870 --> 00:53:23,220 wallet. Yeah, that's how it Yeah. And the reason, the reason 826 00:53:23,220 --> 00:53:27,660 why you should do this, in the privacy of your home is that if 827 00:53:27,660 --> 00:53:32,100 someone sees what you're doing, then you're compromised, and 828 00:53:32,100 --> 00:53:34,980 they can take away your Bitcoin because your private key is 829 00:53:34,980 --> 00:53:37,740 nothing, but information is just a large number, you know, like, 830 00:53:37,740 --> 00:53:42,090 again, 256 Bits. And you can represent this number in like 12 831 00:53:42,090 --> 00:53:45,900 words, or 24 words, or just literally as a large number or a 832 00:53:45,900 --> 00:53:48,930 bunch of zeros and ones or as a QR code. And if someone has 833 00:53:48,930 --> 00:53:52,260 access to these 12 words, these 12 words are effectively your 834 00:53:52,260 --> 00:53:54,360 Bitcoin, like, there is no difference this this is no 835 00:53:54,660 --> 00:53:58,110 longer Bitcoin. Yeah. And so and that's also why it's so 836 00:53:58,110 --> 00:54:00,870 powerful. And that's also why I'm saying, it doesn't matter 837 00:54:00,870 --> 00:54:03,570 what the government does, you cannot shut this down. Because I 838 00:54:03,570 --> 00:54:07,590 can, you know, like, I, I can, I can generate a random number, 839 00:54:07,740 --> 00:54:12,060 and I can transform it by hand into 12 words, and you can send 840 00:54:12,060 --> 00:54:15,990 me money to these 12 words, and I can just like, I know, Adam, 841 00:54:15,990 --> 00:54:18,720 did you know, like, I can remember these words in my 842 00:54:18,750 --> 00:54:21,660 brain, and I can go to a different country. And this is 843 00:54:21,690 --> 00:54:25,260 very, very powerful technology. And that's also why it rubs up 844 00:54:25,290 --> 00:54:27,810 against the state or against nation states in general, 845 00:54:27,930 --> 00:54:32,250 because it is so powerful, and the state does not like the idea 846 00:54:32,280 --> 00:54:35,580 of, of having sovereign self sovereign people that have 847 00:54:35,580 --> 00:54:38,880 access to your own money that cannot be de platformed. And 848 00:54:38,880 --> 00:54:40,710 that brings me back to podcasting. You know, 849 00:54:40,830 --> 00:54:44,070 podcasting. It's really easy to do on your own and hosting mp3 850 00:54:44,070 --> 00:54:47,520 files is very easy and hosting an RSS feed is very easy, and no 851 00:54:47,520 --> 00:54:51,900 one is like if someone if the EU comes and passes a law that 852 00:54:51,930 --> 00:54:55,050 tries to change RSS or make it illegal, you know what, I can 853 00:54:55,050 --> 00:54:59,550 still do it and I can still put up a website and generate an RSS 854 00:54:59,550 --> 00:55:02,310 feed And toss some mp3 somewhere I can even do it in a 855 00:55:02,310 --> 00:55:05,070 decentralized way somehow or in a censorship resistant way i can 856 00:55:05,070 --> 00:55:07,800 use torrents, I can use whatever, you know, and I can 857 00:55:07,800 --> 00:55:10,770 just do it and there is nothing you can do about it. And this 858 00:55:10,770 --> 00:55:13,200 it's the same is true for Bitcoin. And the reason why this 859 00:55:13,200 --> 00:55:17,070 works is it has to be it needs to have a small footprint, it 860 00:55:17,070 --> 00:55:19,650 needs to be easy to do a Bitcoin, you just need a random 861 00:55:19,650 --> 00:55:22,380 number and you need math, and you need an internet connection 862 00:55:22,380 --> 00:55:26,250 or some way to transmit data, that's all it is, you know. And 863 00:55:26,250 --> 00:55:28,590 for podcasting as well, you need a microphone, you know, you need 864 00:55:28,590 --> 00:55:31,710 something that generates an mp3 or whatever. And you need some 865 00:55:31,710 --> 00:55:34,680 way to host the little bit of data that the mp3 or the audio 866 00:55:34,680 --> 00:55:37,140 file is. And that's it. And that's where the censorship 867 00:55:37,140 --> 00:55:40,020 resistant property comes from, you know, like that's, it's very 868 00:55:40,020 --> 00:55:42,240 easy to do, it's has a very small footprint, and everyone 869 00:55:42,240 --> 00:55:42,720 can do it. 870 00:55:43,350 --> 00:55:46,950 In fact, the best way to get some, some fresh bitcoin is what 871 00:55:46,950 --> 00:55:51,060 I'm doing. And I've got a an S nine, ant miner running and I 872 00:55:51,060 --> 00:55:55,470 get about 100 bucks a month. There you go, I put that in its 873 00:55:55,470 --> 00:55:58,590 own special wallet, this is my clean Bitcoin. Yeah. 874 00:55:58,650 --> 00:56:02,940 And what you're doing is finding a random number, you're trying 875 00:56:02,940 --> 00:56:05,940 to find a random number. Yeah. And that's all that this and 876 00:56:05,940 --> 00:56:08,580 buying or whatever machine you have is doing, it's just doing 877 00:56:08,580 --> 00:56:11,730 it trying to do it very efficiently. And this, this, 878 00:56:11,760 --> 00:56:14,700 like, as a side effect, protects the whole Bitcoin network and, 879 00:56:14,730 --> 00:56:17,940 and protects the past of all transactions, and so on and so 880 00:56:17,940 --> 00:56:20,160 forth. But you know, what, like, that's, that's why I'm 881 00:56:20,160 --> 00:56:23,070 advocating for for these things and doing so much in the realm 882 00:56:23,070 --> 00:56:27,270 of education. Because I think, trying to find random numbers 883 00:56:27,300 --> 00:56:29,700 should not be outlawed, you know, and just like last week, 884 00:56:29,700 --> 00:56:32,790 or something, did European Union try to pass a bill where they're 885 00:56:32,790 --> 00:56:35,250 outlaw lying proof of work coins, which is basically 886 00:56:35,250 --> 00:56:38,640 saying, we are gonna outlaw trying to find a random number, 887 00:56:38,640 --> 00:56:40,560 you know, and I think this is ridiculous. I don't want to live 888 00:56:40,560 --> 00:56:41,490 in such a society. 889 00:56:42,300 --> 00:56:44,700 Joanne, can I interrupt you gentlemen for a moment and all 890 00:56:44,700 --> 00:56:48,450 this wonderful Bitcoin talk? And because, you know, while you're 891 00:56:48,450 --> 00:56:52,380 all talking about the future, I'm living in the now and I have 892 00:56:52,680 --> 00:56:58,440 discovered that I was wrong. It happens. We are receiving tons 893 00:56:58,440 --> 00:57:03,210 of booster grams from from the only app that supports the life 894 00:57:03,210 --> 00:57:05,940 protocol at this moment, as far as I know, which is a curio 895 00:57:05,940 --> 00:57:10,440 caster. I mistook the logo of curio caster for breeze for some 896 00:57:10,440 --> 00:57:16,800 reason. I blame long COVID Actually, I need to read a 897 00:57:16,800 --> 00:57:20,490 couple of these because GGU have turned out to be a very, very 898 00:57:20,490 --> 00:57:24,330 valuable guest for us. And I'm kind of kicking myself right 899 00:57:24,330 --> 00:57:27,150 now. Because really, because you know, what we do is every guest 900 00:57:27,150 --> 00:57:30,720 gets 10% of our value block split. And of course, I usually 901 00:57:30,720 --> 00:57:32,970 put that in after the fact I should have had it in 902 00:57:32,970 --> 00:57:36,930 beforehand. Because now you're missing out on all this groovy 903 00:57:36,930 --> 00:57:41,550 stuff. Anyway, we've we've done quite well, I just want to share 904 00:57:41,550 --> 00:57:44,340 a couple of them. First of all, let's see they're coming in. 905 00:57:44,370 --> 00:57:49,260 That's Mike Newman rush boost 2112 For the joy of a pew pew 906 00:57:49,260 --> 00:57:54,990 live, he says 32,022 stat SATs from Stephen B. Congratula. He, 907 00:57:55,290 --> 00:57:59,010 of course is the developer of curio caster. Who wants me to 908 00:57:59,010 --> 00:58:03,360 wish his son Jack a happy 12th birthday. It's on the it's on 909 00:58:03,360 --> 00:58:07,050 the on the 20th. So we'll get a jump on that. See Mike in Kansas 910 00:58:07,050 --> 00:58:11,460 City is boosting up a storm 3513 Still running with scissors and 911 00:58:11,460 --> 00:58:14,880 boosting it live taking two boosting during today's PC to 912 00:58:14,940 --> 00:58:18,810 live stream happy to help debug things in real time. At Dred 913 00:58:18,810 --> 00:58:24,780 Scott 30,033 stats, I mean, this is incredible. People are just 914 00:58:24,780 --> 00:58:28,560 blast blasting us they just spewing SATs all over our faces. 915 00:58:30,000 --> 00:58:31,860 There you go. That's how it should. That's how it should be 916 00:58:31,860 --> 00:58:35,130 done. And I think you know, that's also why why all of this. 917 00:58:35,250 --> 00:58:40,800 And let me also just say, you know, like, just huge shout out 918 00:58:40,800 --> 00:58:43,830 to absolutely everyone who is working on this stuff. And of 919 00:58:43,830 --> 00:58:46,710 course, you know, thank you, Adam and de for, for building 920 00:58:46,710 --> 00:58:49,470 all this out with the podcast index and so on. But I think you 921 00:58:49,470 --> 00:58:53,040 know, like, that's how it should be done. You, you, you should 922 00:58:53,040 --> 00:58:57,570 not need gatekeepers, that allow you to do certain things, you 923 00:58:57,570 --> 00:59:00,750 know, you should just be able to do it. It's about freedom after 924 00:59:00,750 --> 00:59:05,130 all, and you with with value for value. And podcasting in 925 00:59:05,130 --> 00:59:08,610 particular, you like you don't need to ask anyone for 926 00:59:08,610 --> 00:59:11,070 permission to do this. It's permissionless. It's censorship 927 00:59:11,070 --> 00:59:13,890 resistant, that that's the whole point. And you can spin up a 928 00:59:13,890 --> 00:59:16,650 podcast feed, you can host it yourself. You can spin up a 929 00:59:16,650 --> 00:59:20,100 wallet again, you know, like just lock yourself in the toilet 930 00:59:20,100 --> 00:59:24,150 and get a couple of days and you're good to go. And you can 931 00:59:24,150 --> 00:59:28,050 receive you can receive streaming sets right from the 932 00:59:28,050 --> 00:59:30,690 gate and you don't need to create an account somewhere. You 933 00:59:30,690 --> 00:59:33,600 don't need to ask for permission anywhere and no one can depart 934 00:59:33,600 --> 00:59:36,420 from you. And I think this is incredibly important in this day 935 00:59:36,420 --> 00:59:37,080 and age. It's so 936 00:59:37,080 --> 00:59:39,810 much bigger than just comments. Wouldn't you agree Gigi? 937 00:59:41,940 --> 00:59:43,170 Yeah, it is. It is 938 00:59:43,679 --> 00:59:47,639 50,000 SATs from Pei tar Thank you very much Pater. Holy 939 00:59:47,640 --> 00:59:51,300 crap, can we can we just go ahead and name this episode in 940 00:59:51,300 --> 00:59:54,840 the toilet with dice? I mean, it's a vote for that. 941 00:59:55,050 --> 00:59:58,140 All right, I'm gonna change this right now. It's in the toilet 942 00:59:58,140 --> 01:00:00,990 but what should be rolling dice in The can wouldn't that be 943 01:00:00,990 --> 01:00:04,830 better? And they can roll his dice in the can dice in the can 944 01:00:04,830 --> 01:00:07,590 I'm changing dice in the can. 945 01:00:08,760 --> 01:00:13,860 You know the the good thing though. And you you actually 946 01:00:13,980 --> 01:00:19,020 tweeted this the other day, Gigi is. And by the way, thank you, 947 01:00:19,020 --> 01:00:21,150 thank you for your help on the value for value spec, a lot of 948 01:00:21,450 --> 01:00:24,450 people may not realize that you got in there and did a big 949 01:00:24,450 --> 01:00:29,460 proofread of it and changed some stuff, cleaned it up and added 950 01:00:29,490 --> 01:00:32,370 you added app support, you really helped with that. And I'm 951 01:00:32,370 --> 01:00:33,060 very appreciated 952 01:00:33,060 --> 01:00:36,060 and brought us a massive credibility. Thank you not to be 953 01:00:36,060 --> 01:00:36,930 discounted. 954 01:00:38,130 --> 01:00:43,830 In but are you? Are you still doing episode level splits on 955 01:00:43,830 --> 01:00:44,760 your podcast? 956 01:00:45,060 --> 01:00:48,180 Yeah, we're doing that actually. That's that's also that was the 957 01:00:48,480 --> 01:00:52,170 main kind of reason why I jumped on the value spec in the first 958 01:00:52,170 --> 01:00:54,810 place, because we wanted to do this. And then we saw that it's 959 01:00:54,810 --> 01:00:58,680 not really kind of fleshed out and implemented yet. And so we 960 01:00:58,710 --> 01:01:02,640 we try to add at this as well and help with the implementation 961 01:01:02,640 --> 01:01:06,030 embrace as well. And I think, you know, like, the great thing 962 01:01:06,030 --> 01:01:08,370 about these open systems, the great thing about these 963 01:01:08,400 --> 01:01:12,660 protocols, as opposed to platforms is that every, every 964 01:01:12,660 --> 01:01:15,630 little thing helps because it will be here forever, you know, 965 01:01:15,630 --> 01:01:18,600 those are open specs, this is open source code. So if you 966 01:01:18,600 --> 01:01:22,440 improve it a little bit, it it will help millions of people and 967 01:01:22,440 --> 01:01:26,550 it will be here forever. And and this this is such like this is 968 01:01:26,970 --> 01:01:30,330 such a stark contrast to all the walled gardens and closed 969 01:01:30,330 --> 01:01:33,060 systems that will just go bankrupt one day and will go 970 01:01:33,060 --> 01:01:36,390 away. And this is the big difference. You know, like, if 971 01:01:36,390 --> 01:01:40,590 you don't have a protocol does not need to keep itself alive. 972 01:01:40,830 --> 01:01:42,630 Usually, you know, like Bitcoin is the exception. 973 01:01:44,400 --> 01:01:50,010 You tweeted this the other day about the stellar vision of the 974 01:01:50,010 --> 01:01:55,590 monetary gatekeepers in the world. To they there's this 975 01:01:55,740 --> 01:01:59,550 thing I think it was from CNBC or notes from the economist that 976 01:01:59,550 --> 01:02:04,650 said, well, inflation is here and nobody saw it coming by Oh, 977 01:02:04,650 --> 01:02:07,950 really? Nobody's nobody saw that guy. So I've got I've actually 978 01:02:07,950 --> 01:02:11,190 got some clips, there's this. This is from CNBC inflation. 979 01:02:12,420 --> 01:02:15,420 They they're telling us that, you know, this is from like, 980 01:02:15,690 --> 01:02:20,310 this is from roughly like a year ago, is transitory bit. And this 981 01:02:20,310 --> 01:02:23,580 is, this is how this is why we don't need to worry about 982 01:02:23,580 --> 01:02:24,360 inflation. 983 01:02:26,640 --> 01:02:29,520 To try to boost the economy, policymakers in Washington have 984 01:02:29,520 --> 01:02:32,520 pumped trillions of dollars into the financial system in recent 985 01:02:32,520 --> 01:02:36,330 months. Economic Theory suggests all this money printing could 986 01:02:36,330 --> 01:02:40,170 create the risk of inflation. economist Milton Friedman 987 01:02:40,170 --> 01:02:43,110 famously said that if there's too much money in the economy 988 01:02:43,110 --> 01:02:48,060 chasing too few goods, prices will rise. When inflation was 989 01:02:48,060 --> 01:02:51,450 surging in the 1980s, Fed Chairman Paul Volcker put 990 01:02:51,450 --> 01:02:54,900 Friedman's theory to the test. And it worked. Focus slowed the 991 01:02:54,900 --> 01:02:57,750 growth of money going into the economy and raised interest 992 01:02:57,750 --> 01:03:01,380 rates to tame inflation. But economists say there's been a 993 01:03:01,380 --> 01:03:05,250 break in the link between money creation and inflation in recent 994 01:03:05,250 --> 01:03:09,000 years as the banking system has become more complex. 995 01:03:09,060 --> 01:03:12,120 Wow, just as an audio guide, Dave, what the hell did did they 996 01:03:12,120 --> 01:03:14,940 fuck up a line and she had to re record it in her bathroom. 997 01:03:15,330 --> 01:03:18,600 This was we're still in lockdown mode. 998 01:03:18,629 --> 01:03:22,829 Oh, right. Right. Okay. She was literally in her bathroom. Okay. 999 01:03:22,859 --> 01:03:26,189 Yes, this is like December of 2021. When she was in she was in 1000 01:03:26,189 --> 01:03:31,469 the can with die. Doing this doing this segment and that 1001 01:03:31,499 --> 01:03:35,099 here. So there's been a break. Yeah, I don't I don't think 1002 01:03:35,099 --> 01:03:39,509 anybody knew this. There's now all the previous rules about the 1003 01:03:39,509 --> 01:03:42,809 way inflation works and I'm going to show you these were 1004 01:03:42,929 --> 01:03:49,199 these are this is old, outdated, 1930s inflation and proper 1005 01:03:49,229 --> 01:03:53,549 inflationary, thinking about what inflation is go ahead and 1006 01:03:53,549 --> 01:03:54,089 play that clip. 1007 01:03:54,840 --> 01:03:58,470 As you probably know, the first step in the inflation plan puts 1008 01:03:58,470 --> 01:04:02,160 3 billion additional dollars in circulation, this will make 1009 01:04:02,160 --> 01:04:06,960 money more plentiful and less valuable. With money less 1010 01:04:06,960 --> 01:04:10,380 valuable the purchasing power of the dollar will naturally drop. 1011 01:04:10,920 --> 01:04:15,270 Therefore, the cost of living will be forced up. Wages will be 1012 01:04:15,270 --> 01:04:18,780 increased to meet the higher cost of living so that the three 1013 01:04:18,780 --> 01:04:22,590 lines will be this one. And then kiddies will all have noodles in 1014 01:04:22,590 --> 01:04:23,100 our soup 1015 01:04:25,380 --> 01:04:28,710 Wait can we change the title of the show to noodles in our soup? 1016 01:04:28,770 --> 01:04:30,180 Yes please 1017 01:04:30,179 --> 01:04:33,629 the noodles in our soup or dice in the can longest show title 1018 01:04:33,629 --> 01:04:34,109 ever he 1019 01:04:34,320 --> 01:04:39,810 is. So all this this old antiquated thinking of, of 1020 01:04:40,110 --> 01:04:43,350 printing money equals inflation. See, that's all broken. No, 1021 01:04:43,350 --> 01:04:46,320 no, that doesn't work. No, you know, much better than that. 1022 01:04:46,320 --> 01:04:48,180 Yes, modern monetary theory. 1023 01:04:48,600 --> 01:04:51,060 Yeah, we're in flux. So we don't need to worry about go ahead and 1024 01:04:51,060 --> 01:04:55,080 say play inflation Part Two, the rise of the financial system and 1025 01:04:55,080 --> 01:04:57,360 that and the sort of the diversification of the financial 1026 01:04:57,360 --> 01:05:01,500 system is one of the reasons why sort of Milton Friedman's view 1027 01:05:01,500 --> 01:05:05,160 of the world really is not as applicable, particularly in the 1028 01:05:05,160 --> 01:05:07,800 United States, as it was in an earlier 1029 01:05:07,800 --> 01:05:09,840 time. It's important to understand that 1030 01:05:11,280 --> 01:05:14,640 the it's important to realize who this lady is that was just 1031 01:05:14,640 --> 01:05:20,700 talking. That is the chief economist for Citibank. I just 1032 01:05:20,700 --> 01:05:24,060 want I just want people to understand that that's what she 1033 01:05:24,060 --> 01:05:27,960 said, Did the Old Milton Friedman quote unquote, model of 1034 01:05:27,960 --> 01:05:30,960 inflation of just printing more money, it's no good that that's, 1035 01:05:30,990 --> 01:05:32,610 that's no bullshit, we need to move on. Yeah. 1036 01:05:33,420 --> 01:05:35,640 It's important to understand that when the central bank 1037 01:05:35,640 --> 01:05:38,820 prints money today, most of it isn't in the form of physical 1038 01:05:38,820 --> 01:05:42,840 dollar bills. Instead, the Fed creates electronic money, it 1039 01:05:42,840 --> 01:05:46,650 uses that electronic cash to buy assets and lend to banks 1040 01:05:46,680 --> 01:05:49,920 injecting money into the banking system to buy treasuries, for 1041 01:05:49,920 --> 01:05:53,550 example, the Fed uses so called primary dealers, a group of 1042 01:05:53,550 --> 01:05:56,550 around two dozen big banks and brokerage firms that trade 1043 01:05:56,550 --> 01:05:57,840 bonds, what happens 1044 01:05:57,840 --> 01:06:01,170 when the Fed creates money is it strictly creates central bank 1045 01:06:01,710 --> 01:06:05,370 reserves, those are held by the banking system. Now the banks 1046 01:06:05,730 --> 01:06:08,730 decide, you know, what they're willing to lend out into the 1047 01:06:08,730 --> 01:06:09,120 economy. 1048 01:06:09,810 --> 01:06:12,600 That means that even if the Fed is pumping a lot of money into 1049 01:06:12,600 --> 01:06:15,540 banks like it is today, the money won't reach the hands of 1050 01:06:15,540 --> 01:06:17,580 consumers until banks lend it out. 1051 01:06:17,940 --> 01:06:21,690 Yeah, this is this is the magic reserve notes which you're on 1052 01:06:21,690 --> 01:06:24,480 the other side of the banks. It's a beaut, it's beautiful, 1053 01:06:24,510 --> 01:06:27,240 not inflationary at all, by the way. Hmm, 1054 01:06:27,510 --> 01:06:30,900 no, it's not inflation, you know, give it to people, you 1055 01:06:30,900 --> 01:06:31,470 just go to the 1056 01:06:31,469 --> 01:06:35,219 banks. Yeah, exactly. Free, we're gonna wait a couple 1057 01:06:35,219 --> 01:06:37,079 months, you know, whatever you need, bro. 1058 01:06:37,530 --> 01:06:40,290 Ignore the fact that that's actually worse than giving it to 1059 01:06:40,290 --> 01:06:44,490 people because of the because of the multiplicative effect of you 1060 01:06:44,490 --> 01:06:46,770 know, fractional reserve banking, don't don't worry about 1061 01:06:46,770 --> 01:06:51,810 that. But you know, that this is these are these are the problems 1062 01:06:51,840 --> 01:06:57,630 that that you know, not just Bitcoin but the the Bitcoin, you 1063 01:06:57,630 --> 01:07:02,100 know, ethos is trying to solve is this sort of idiocy right 1064 01:07:02,100 --> 01:07:05,190 here that is constantly they these are the smartest people in 1065 01:07:05,190 --> 01:07:09,780 the room, so to speak. And they they constantly Miss ever going 1066 01:07:09,780 --> 01:07:14,280 back to Alan Greenspan, not even not seeing the housing bubble in 1067 01:07:14,280 --> 01:07:17,160 the.com Bubble coming six months previous to it. I mean, these 1068 01:07:17,160 --> 01:07:19,590 people get it wrong every single time. 1069 01:07:19,590 --> 01:07:22,920 But here's the thing. And I've said, here's, here's what I've 1070 01:07:22,920 --> 01:07:27,180 always seen if, and I know many, many people in banking, but I 1071 01:07:27,180 --> 01:07:30,450 have one friend who left specifically for his kids moved 1072 01:07:30,450 --> 01:07:35,550 to Texas, and even politicians when it comes time to raise the 1073 01:07:35,550 --> 01:07:39,930 debt limit. It's always a political football in the United 1074 01:07:39,930 --> 01:07:44,040 States. But what's interesting is, none of them believe that 1075 01:07:44,040 --> 01:07:46,560 that'll the EU, we won't, of course, we're gonna raise the 1076 01:07:46,560 --> 01:07:50,790 debt limit. Because, you know, we back the fold, you know, if 1077 01:07:50,790 --> 01:07:53,370 the dollar has the full backing of the United States, it's 1078 01:07:53,370 --> 01:07:57,240 logical to them, it's like the sun rises. That's how we know 1079 01:07:57,270 --> 01:08:00,270 that we will raise the debt limit, which allows for more 1080 01:08:00,270 --> 01:08:03,930 creation of more money. Similarly, people in the 1081 01:08:03,930 --> 01:08:08,190 financial system who work in it, it's like, it's they look at 1082 01:08:08,190 --> 01:08:11,580 you, like they don't even understand where you're coming 1083 01:08:11,580 --> 01:08:15,360 from that you don't know how it works. This is seriously they'll 1084 01:08:15,360 --> 01:08:19,230 be like, don't you understand how me the money gets made 1085 01:08:19,230 --> 01:08:21,720 there? And it comes through? And then you know, is more every 1086 01:08:21,720 --> 01:08:25,920 year? Don't you get that? And they don't there's no cognition 1087 01:08:25,950 --> 01:08:28,320 about what that should mean, because it's been going on for 1088 01:08:28,320 --> 01:08:31,740 so long. It's just baked into the system. So it's not that 1089 01:08:31,740 --> 01:08:36,960 they don't get it. They literally don't know it. 1090 01:08:38,280 --> 01:08:41,550 Yeah, I agree. I think I think but I think that's, that's kind 1091 01:08:41,550 --> 01:08:45,090 of the whole point of the whole system is to make it so 1092 01:08:45,090 --> 01:08:49,320 complicated that even those insights on what's going on. So 1093 01:08:49,320 --> 01:08:52,560 the public, of course, cannot figure out how the current 1094 01:08:52,560 --> 01:08:56,370 system works. And everyone just trust it. And as you say, you 1095 01:08:56,370 --> 01:08:59,700 know, it has worked for a long time. And so there is no reason 1096 01:08:59,700 --> 01:09:03,390 to believe that it will not continue to work, but we should 1097 01:09:03,390 --> 01:09:08,430 not make like no mistake, the insanity the full blown insanity 1098 01:09:08,430 --> 01:09:12,990 of the system started in 1971 when pletely removed the 1099 01:09:12,990 --> 01:09:13,980 coupling tool and 1100 01:09:13,980 --> 01:09:19,980 here here's what's crazy, GG. We are in a fractal right now. 70s 1101 01:09:20,010 --> 01:09:23,760 we had oil crisis, we had energy crisis, of course, it was all a 1102 01:09:23,760 --> 01:09:28,200 part of how we change everything. We're at the same 1103 01:09:28,200 --> 01:09:31,380 spot here. We're about to change the money system. We have a war 1104 01:09:31,380 --> 01:09:37,320 going on back then it was Vietnam. We have we have supply 1105 01:09:37,320 --> 01:09:41,160 chain we have it's we're living through this fractal and they 1106 01:09:41,160 --> 01:09:44,310 are going to do their cbdc or whatever the hell they're gonna 1107 01:09:44,310 --> 01:09:47,700 do their revaluation. I've heard all kinds of things and I'm sure 1108 01:09:47,700 --> 01:09:51,330 you're well aware of the XRP will be the the token of the 1109 01:09:51,330 --> 01:09:54,810 future. You know, with the quantum financial system, it's 1110 01:09:54,810 --> 01:10:00,540 offworld. I mean, I've read it all. I've seen it all. To me the 1111 01:10:00,570 --> 01:10:04,650 the the the only danger the the fiat system faces right now is 1112 01:10:04,650 --> 01:10:09,450 not from Bitcoin, the danger the fiat system faces is stable coin 1113 01:10:09,870 --> 01:10:14,010 that is literally by definition of what they are inflationary. 1114 01:10:15,030 --> 01:10:20,070 Yeah, I mean, I, I agree with what you were saying I think 1115 01:10:20,070 --> 01:10:23,340 that the danger of the field system is that it implodes too 1116 01:10:23,340 --> 01:10:24,840 quickly. And I think that's why 1117 01:10:24,870 --> 01:10:27,750 it always goes on fighting and bombs and killing Biya. 1118 01:10:27,959 --> 01:10:32,429 Yeah, I think you know, like, through to kind of come back to 1119 01:10:32,429 --> 01:10:36,149 the insanity of money creation is like, if you have a 1120 01:10:36,749 --> 01:10:40,679 possibility to create money, you only need like an emergency, and 1121 01:10:40,679 --> 01:10:43,259 then you will use the money printer, you know, like, just 1122 01:10:43,259 --> 01:10:46,439 just imagine this thought experiment, let's say you have a 1123 01:10:46,439 --> 01:10:49,409 valid money printer in the cellar, and you promise not to 1124 01:10:49,409 --> 01:10:52,079 use it. And then something terrible happens in your family. 1125 01:10:52,079 --> 01:10:54,959 And I don't know your child has a terrible disease, and you 1126 01:10:54,959 --> 01:10:57,719 suddenly need half a million dollars, of course, you're going 1127 01:10:57,719 --> 01:11:00,569 to use it, you know. And that's what happens over and over and 1128 01:11:00,569 --> 01:11:04,049 over again, every time this experiment is being tried. And 1129 01:11:04,049 --> 01:11:06,869 if you just look at history, we have tried this experiment, the 1130 01:11:06,869 --> 01:11:09,689 fiat money of just creating money out of out of thin air 1131 01:11:09,779 --> 01:11:12,959 multiple times over and it's responsible in part for the fall 1132 01:11:12,959 --> 01:11:15,839 of empires, you know, that you once you, once you decouple 1133 01:11:15,839 --> 01:11:21,059 money, base money from reality, so that you can just make it up 1134 01:11:21,209 --> 01:11:26,159 for any reason whatsoever, then things go really bad really 1135 01:11:26,159 --> 01:11:29,579 quickly, because money is a very, very important tool. It's 1136 01:11:29,579 --> 01:11:31,649 not only a tool, it's like psycho psychology, you know, 1137 01:11:31,649 --> 01:11:33,479 like, it's like language, it's like, speak well. And 1138 01:11:33,659 --> 01:11:37,739 it's also you know, we're in a in a in a war right now of 1139 01:11:37,739 --> 01:11:40,919 networks, you know, social networks, electricity networks, 1140 01:11:40,919 --> 01:11:44,699 energy networks, computer networks, but also financial 1141 01:11:44,699 --> 01:11:48,959 networks. And, you know, when you when you change something in 1142 01:11:48,959 --> 01:11:51,959 a network, I just know enough about network effects. When you 1143 01:11:51,959 --> 01:11:54,899 change something in a network, like removing an entire country 1144 01:11:54,899 --> 01:11:59,579 from it, it's central bank's elected banks. When you remove I 1145 01:11:59,579 --> 01:12:02,819 mean, I heard Todd from blueberry saying shit, man, we 1146 01:12:02,819 --> 01:12:05,759 got Russian podcasters, who can't pay their bill. Yeah, 1147 01:12:05,879 --> 01:12:09,059 yeah. And now all of a sudden, he doesn't hate Russia that 1148 01:12:09,059 --> 01:12:11,909 much. It's like, I'm trying to figure out how to help these 1149 01:12:11,909 --> 01:12:13,859 guys. And like, how about some bitcoin? Why don't you take 1150 01:12:13,859 --> 01:12:17,459 that, but but, but I think that and by the way, I've not heard 1151 01:12:17,459 --> 01:12:22,379 anywhere. You know, when, when, when Putin calms down, or let's 1152 01:12:22,379 --> 01:12:25,559 say, even if Putin gets kicked out, they elect a new leader, 1153 01:12:26,459 --> 01:12:30,119 will will will bring Russia back on to Swift. I haven't heard 1154 01:12:30,119 --> 01:12:32,909 that noise. And I don't think they plan on doing it. So these 1155 01:12:32,909 --> 01:12:37,139 are big ass changes. And, you know, to say they're dumb, they 1156 01:12:37,139 --> 01:12:40,289 didn't think it through I think they certainly did. Because what 1157 01:12:40,289 --> 01:12:43,559 it comes down to you said, emergency, we got a climate 1158 01:12:43,559 --> 01:12:49,649 emergency $700 billion of this 1.5 trillion was a lot of it was 1159 01:12:49,649 --> 01:12:54,419 climate emergency related. So on one hand, we're we're debasing 1160 01:12:54,419 --> 01:12:57,659 the dollar by printing more. On the other hand, we're using the 1161 01:12:57,659 --> 01:13:01,379 printed money to remove the petro dollar status. It's an 1162 01:13:01,379 --> 01:13:03,119 obvious attack on the dollar. 1163 01:13:04,320 --> 01:13:09,300 But I want to bring this I think Gigi brought up a point, I think 1164 01:13:09,300 --> 01:13:11,550 there's a philosophical point to be made here, you brought this 1165 01:13:11,580 --> 01:13:16,320 this idea up. And I think this relates to you about having the 1166 01:13:16,320 --> 01:13:20,340 money printer in the basement. And I think this relates back to 1167 01:13:20,790 --> 01:13:25,800 all this stuff is tied together in naturally is in my mind, that 1168 01:13:26,310 --> 01:13:30,480 this is also the reason why you don't, we have to be extremely 1169 01:13:30,480 --> 01:13:35,220 careful, and I would say really never embark on the path of 1170 01:13:35,220 --> 01:13:40,200 censorship is because it's this idea of, I've kind of been 1171 01:13:40,200 --> 01:13:45,330 thinking about this idea of like, if having a thing behooves 1172 01:13:45,330 --> 01:13:48,660 the use of that thing. So there's just there's something 1173 01:13:48,660 --> 01:13:54,210 about having something available to you to use, that makes you it 1174 01:13:54,210 --> 01:13:57,900 makes it inevitable that you're going to use it. So like you, 1175 01:13:58,560 --> 01:14:00,150 you know, you give a thought experiment a while ago, I'll 1176 01:14:00,150 --> 01:14:06,420 give you another one. Imagine a world where every household in 1177 01:14:06,420 --> 01:14:11,460 the entire world globally, has a lock, a locking mechanism on it, 1178 01:14:11,550 --> 01:14:18,510 it's centrally connected to some, like the UN, or the who. 1179 01:14:19,140 --> 01:14:22,110 And you can say, Okay, we'll never, we're never actually 1180 01:14:22,110 --> 01:14:26,580 going to use this thing. But we do we do have it. We just want 1181 01:14:26,580 --> 01:14:30,480 to have it. And so, but we're actually But trust us, we're 1182 01:14:30,480 --> 01:14:35,250 never actually going to use it. Well, you know, Z, the moment 1183 01:14:35,250 --> 01:14:38,130 that you have a thing like that where you know, at the push of a 1184 01:14:38,130 --> 01:14:42,600 button, you can lock everyone in their homes, instantaneously. Of 1185 01:14:42,600 --> 01:14:45,870 course you're going to use it, things are going to happen, 1186 01:14:46,080 --> 01:14:51,270 pandemics, all these kinds of things, and you can be very sure 1187 01:14:51,510 --> 01:14:55,050 that that thing is going to be used. And the same thing with 1188 01:14:55,050 --> 01:15:01,680 censorship once once you empower global In global technology 1189 01:15:01,680 --> 01:15:06,630 companies to have the power to remove and censor, once you've 1190 01:15:06,630 --> 01:15:10,470 given them that technology, of course, they're going to use it. 1191 01:15:10,470 --> 01:15:13,530 And they're going to start using it constantly for all kinds of 1192 01:15:13,530 --> 01:15:15,780 stuff that you don't it's an emergency 1193 01:15:16,260 --> 01:15:20,820 100% 100%. And that was also one of the main points of long piece 1194 01:15:20,820 --> 01:15:24,690 I wrote on on value for value, that the main point was that 1195 01:15:24,720 --> 01:15:28,380 free speech platforms cannot exist. If you have the ability 1196 01:15:28,380 --> 01:15:32,970 to censor or filter or monitor or D platform people, this will 1197 01:15:32,970 --> 01:15:35,820 be used, there will be an emergency found there will be 1198 01:15:35,850 --> 01:15:38,190 like speech found that is extremely it's all 1199 01:15:38,190 --> 01:15:40,650 over. It's already Oh, it's all over the place. It's happening 1200 01:15:40,650 --> 01:15:41,550 everywhere. Yeah, of 1201 01:15:41,550 --> 01:15:44,880 course. And that's why free speech protocols are so 1202 01:15:44,880 --> 01:15:48,090 important. And that's also why free speech money as a protocol 1203 01:15:48,090 --> 01:15:50,850 is so important. And that is, of course, why Bitcoin is so 1204 01:15:50,850 --> 01:15:55,020 important. And in the end, it always comes back to two very 1205 01:15:55,020 --> 01:15:58,140 philosophical questions of like power and control and those 1206 01:15:58,140 --> 01:16:00,600 kinds of things. And like, for example, the question around 1207 01:16:00,600 --> 01:16:03,690 free speech is basically who should be allowed to speak and 1208 01:16:03,690 --> 01:16:07,170 about what, and our collective answer in the West was, everyone 1209 01:16:07,170 --> 01:16:11,400 should be allowed to speak, the Logos is sacred, and there's 1210 01:16:11,430 --> 01:16:13,830 nothing off limits, you know, like, you should be allowed to 1211 01:16:13,830 --> 01:16:16,950 discuss everything, because we learn the hard way, that there's 1212 01:16:16,950 --> 01:16:19,620 two ways to resolve conflict is either through speech or through 1213 01:16:19,620 --> 01:16:22,470 violence. And speech is preferable to violence, 1214 01:16:22,500 --> 01:16:25,560 I prefer to be grumpy, that just seems better. If I'm grumpy, it 1215 01:16:25,560 --> 01:16:26,100 works. 1216 01:16:28,770 --> 01:16:34,170 In ethics, there's this notion of ought implies can. So if 1217 01:16:34,170 --> 01:16:36,570 you're going to hold somebody morally responsible and say that 1218 01:16:36,570 --> 01:16:41,010 they ought to do something, then it's inherent, its inherent in 1219 01:16:41,010 --> 01:16:45,930 that, in that idea that they have the ability to do that 1220 01:16:45,930 --> 01:16:50,160 thing. If you're going to say you should do it, you you just 1221 01:16:50,190 --> 01:16:53,550 presuppose that they have the ability to do it. And I think 1222 01:16:54,060 --> 01:16:57,420 there's, you can reverse that in this scenario and say, there's 1223 01:16:57,420 --> 01:17:04,350 also the idea of can maybe can, compels ought, yeah, if you can 1224 01:17:04,350 --> 01:17:06,510 do something, you're going to do it. 1225 01:17:07,080 --> 01:17:10,080 Yeah, exactly. And that's also why I think that Bitcoin is a 1226 01:17:10,080 --> 01:17:14,370 technical answer to a, like, a moral and philosophical problem, 1227 01:17:14,370 --> 01:17:17,280 because the question is, who should be allowed to issue and 1228 01:17:17,280 --> 01:17:20,970 control the money? And the current answer in fiat money is 1229 01:17:21,000 --> 01:17:23,580 governments and banks and so on, and so forth, you know, and they 1230 01:17:23,580 --> 01:17:25,920 have the ability to the platform, they have the ability 1231 01:17:25,920 --> 01:17:28,980 to print money, which is will money into existence, which 1232 01:17:28,980 --> 01:17:31,920 dilutes everyone else's money, which basically enriches them 1233 01:17:31,920 --> 01:17:36,390 without, like, just because, you know, they don't, that that's 1234 01:17:36,390 --> 01:17:39,990 what's so outrageous about this, you know, a normal person has to 1235 01:17:39,990 --> 01:17:43,920 work his whole life or her whole life to make like, a million 1236 01:17:43,920 --> 01:17:46,500 bucks, you know, and it's very, very hard. And there is a 1237 01:17:46,500 --> 01:17:49,050 separate part of the population that can just print the button 1238 01:17:49,050 --> 01:17:51,000 and they have a million bucks, you know, like, that's, it's, 1239 01:17:51,000 --> 01:17:54,060 it's very interesting. And it's a question about morality, 1240 01:17:54,090 --> 01:17:57,240 for this very reason that this rule exists, that if people have 1241 01:17:57,240 --> 01:18:00,990 it, they will use it that I'm even more convinced now that the 1242 01:18:00,990 --> 01:18:04,380 UFOs have blocked the launch of nuclear weapons, they're not 1243 01:18:04,380 --> 01:18:07,380 going to fire I'm not worried about nuclear war. I haven't 1244 01:18:07,380 --> 01:18:10,950 been ever since I heard about the UFOs, disabling them, like 1245 01:18:10,950 --> 01:18:14,190 someone would have pushed DEP by now. There's no you're not 1246 01:18:14,190 --> 01:18:17,370 getting a theorem in for me today. But, but 1247 01:18:17,430 --> 01:18:20,940 just just to maybe finish this thought about answering the 1248 01:18:20,940 --> 01:18:23,700 question of who should be allowed to issue and control the 1249 01:18:23,700 --> 01:18:27,180 money with gold. And that's what you rightly pointed out that, 1250 01:18:27,180 --> 01:18:29,340 you know, like, all the hard money forks, they want to solve 1251 01:18:29,340 --> 01:18:32,010 this problem, and they're all in the, in the same boat, so to 1252 01:18:32,010 --> 01:18:34,680 speak. And I kind of agree with that, you know, and with gold, 1253 01:18:34,680 --> 01:18:38,610 it was like, Okay, let's say for what God created gold and 1254 01:18:38,610 --> 01:18:40,650 distributed all across the earth, and everyone who is 1255 01:18:40,650 --> 01:18:44,310 willing to dig for it, you know, gets the gold. So this is gold 1256 01:18:44,310 --> 01:18:47,850 mining, of course, and who can who can like control the flow of 1257 01:18:47,850 --> 01:18:51,510 gold, because it is decentralized in gold coins, you 1258 01:18:51,510 --> 01:18:52,950 know, and of course, you know, their standard, blah, blah, 1259 01:18:52,950 --> 01:18:56,040 blah, we can get into like, deep philosophical debates about 1260 01:18:56,040 --> 01:18:58,440 that, but still, like, I can hand you a gold coin, and 1261 01:18:58,440 --> 01:19:00,510 there's nothing anyone can do about it. You know, that's the 1262 01:19:00,510 --> 01:19:03,240 whole idea. It's, that's where it is again, because it is 1263 01:19:03,240 --> 01:19:05,640 distributed that's why it's censorship resistant. That's why 1264 01:19:05,670 --> 01:19:09,060 That's why cash is so so that's, that's why cash is so important 1265 01:19:09,090 --> 01:19:13,170 for society. And that's also why in general, like the powers that 1266 01:19:13,170 --> 01:19:16,890 be want to get rid of, of cash, and that Bitcoin answer, which 1267 01:19:16,890 --> 01:19:20,880 is again a technical answer to like a question of philosophy 1268 01:19:20,880 --> 01:19:24,060 and morality, the Bitcoin answer to who should be allowed to 1269 01:19:24,060 --> 01:19:28,410 issue and control the money, this basically, everyone should 1270 01:19:28,410 --> 01:19:32,970 be allowed to have access to the money and no one is allowed to 1271 01:19:32,970 --> 01:19:36,510 print money, you know, like 21 million Bitcoins exist, you 1272 01:19:36,510 --> 01:19:39,540 cannot make more. It's just they are basically hidden in 1273 01:19:39,540 --> 01:19:43,590 mathematical space and all that miners do is dig out those 21 1274 01:19:43,590 --> 01:19:47,370 million Bitcoins, and it is fixed in time. That's why the 1275 01:19:47,460 --> 01:19:51,000 the issuance of Bitcoin is known that you can think of it as like 1276 01:19:51,000 --> 01:19:55,410 a substance that the harder you try to find it, the harder it 1277 01:19:55,410 --> 01:19:58,230 will be to find. This is the difficulty adjustment. The 1278 01:19:58,230 --> 01:20:00,930 harder you dig into the ground, the Moore's constant gets 1279 01:20:00,960 --> 01:20:04,500 Dave and I have agreed we are retiring at block height 1 1280 01:20:04,500 --> 01:20:05,010 million. 1281 01:20:05,520 --> 01:20:07,020 There you go. That's how you do it now. 1282 01:20:07,080 --> 01:20:11,250 Yeah, that's bitcoin is the is the true time. Speaking of 1283 01:20:11,400 --> 01:20:14,310 speaking of cash, Dave should we thank some people and we will 1284 01:20:14,310 --> 01:20:17,640 cognizant of your time today you have the oh yeah sure. Get back 1285 01:20:17,640 --> 01:20:17,940 again. 1286 01:20:17,970 --> 01:20:20,610 You want to stick around and hear some histograms Jake 1287 01:20:20,610 --> 01:20:23,610 always always Shall I start off with what's coming live here a 1288 01:20:23,610 --> 01:20:27,090 couple more things Dave? Sure. Cuz we got to figure out how to 1289 01:20:27,090 --> 01:20:31,200 do this now. This is this is a great way to raise funds for the 1290 01:20:31,200 --> 01:20:36,120 for the project. I'll tell you that 3333 from cotton gin, I'm 1291 01:20:36,120 --> 01:20:38,700 boosting while getting a haircut. The stylist is 1292 01:20:38,700 --> 01:20:45,930 bewildered. It's great. Then we got a whole slew of 100 sat 1293 01:20:45,930 --> 01:20:50,520 boosts unknown from who but also a 10k boost from Tim K over 1294 01:20:50,520 --> 01:20:53,190 there to Ellen pay who of course is powering a lot of what we're 1295 01:20:53,190 --> 01:20:53,640 doing. 1296 01:20:54,900 --> 01:20:56,970 Tim K I love it. Yeah, yeah, 1297 01:20:57,000 --> 01:20:59,970 no I because I send out the bad signal. I said man, people are 1298 01:20:59,970 --> 01:21:01,860 boosting but that's not coming through. It's only coming 1299 01:21:01,860 --> 01:21:03,990 through from breeze and of course I'm an idiot was coming 1300 01:21:03,990 --> 01:21:08,040 through from Korea Kassar all the time. Cold acid gets a tip 1301 01:21:08,040 --> 01:21:14,760 of the hat for 33334 His command line boost, Graeme? Pew pew pew. 1302 01:21:16,170 --> 01:21:22,050 Let me see who else did I get here? Brian of London 1948. By 1303 01:21:22,050 --> 01:21:24,510 far the hardest part of my relearning to code has been my 1304 01:21:24,510 --> 01:21:26,880 experience setting up dev environments. But once you get 1305 01:21:26,880 --> 01:21:31,560 it working, it's great. Oh, yes. And 5000 from see Mike running 1306 01:21:31,560 --> 01:21:35,430 with scissors doing it live while boosting. Yes, indeed. And 1307 01:21:35,430 --> 01:21:38,400 I think I think those are the other ones I read to those of 1308 01:21:38,400 --> 01:21:40,800 most of the came in during the live show. Thank you all very 1309 01:21:40,800 --> 01:21:42,900 much. Because that that does make a difference. 1310 01:21:44,400 --> 01:21:46,860 Do y'all read this on your show? 1311 01:21:47,220 --> 01:21:52,860 GG we experimented with a bunch of things that we want to do and 1312 01:21:52,890 --> 01:21:57,000 and we're still trying to figure it out. We actually championed 1313 01:21:57,030 --> 01:22:01,140 the idea of boosters comments, because we we built a little 1314 01:22:01,140 --> 01:22:04,410 script that that farms the booster grams, so to speak 1315 01:22:04,440 --> 01:22:08,580 well, again, there's users you can't fight the users can I 1316 01:22:08,580 --> 01:22:10,050 won't fight users ever? 1317 01:22:10,890 --> 01:22:15,060 Yeah, so So we showed them on the on the podcast site as like, 1318 01:22:15,090 --> 01:22:19,110 you know, common fields. It's very similar to comments below a 1319 01:22:19,110 --> 01:22:22,080 YouTube clip or what have you. But I think you know, everyone 1320 01:22:22,080 --> 01:22:24,930 is still in the process of trying to figure out how to use 1321 01:22:24,930 --> 01:22:26,850 this best and what was the grams are and so on. 1322 01:22:27,360 --> 01:22:29,640 Yeah, there's a real there's a real feature discovery thing. I 1323 01:22:29,640 --> 01:22:30,360 mean, I want 1324 01:22:30,360 --> 01:22:33,570 to I want to boost the gram clock just kind of like the the 1325 01:22:33,570 --> 01:22:36,480 block clock. Yeah, I want something I can just put in my 1326 01:22:36,480 --> 01:22:39,690 house and I just you know just just see the booster gram true. 1327 01:22:39,720 --> 01:22:40,980 Ya know, it's pew pew 1328 01:22:41,070 --> 01:22:42,990 and that's all the sets up and only goes up. 1329 01:22:43,380 --> 01:22:45,780 Yeah, that's all Yeah. All day long. Pew pew. 1330 01:22:47,370 --> 01:22:52,650 We got a we got one paper. We got one weekly pay pal. That was 1331 01:22:52,650 --> 01:22:59,940 $6.66. From Who's this from? That is from Greg Kovalchuk. And 1332 01:23:00,060 --> 01:23:04,470 then the note is for six hours. 66 minutes to notice. Don't be a 1333 01:23:04,470 --> 01:23:05,820 dick. Okay. 1334 01:23:06,990 --> 01:23:10,110 All right. Yeah. Thank you. Oh, yeah, we agree with that. That's 1335 01:23:10,110 --> 01:23:10,980 a good message. 1336 01:23:11,070 --> 01:23:15,900 Not Google's motto. But that's okay. So, that was the only 1337 01:23:15,900 --> 01:23:17,490 paper we got a bunch of boosts though. 1338 01:23:17,490 --> 01:23:20,520 Look at our transition, though. We're transitioning from PayPal 1339 01:23:20,520 --> 01:23:24,390 from the fiat money system to lightning. 1340 01:23:25,560 --> 01:23:29,430 Yeah. And we beautiful fingers crossed the entire time that 1341 01:23:29,430 --> 01:23:31,380 lightning doesn't collapse. Yeah, well, there's that. 1342 01:23:31,980 --> 01:23:37,380 There's that. Yeah, it's running with scissors. 3333 from Chad F. 1343 01:23:37,890 --> 01:23:41,220 He says I see the live so I guess that was from Yeah, there 1344 01:23:41,220 --> 01:23:43,770 must be three. Yeah, yeah. Yeah. And 1345 01:23:44,250 --> 01:23:48,390 see 2222 A row ducks from Stephen B. He says live Boone's. 1346 01:23:53,280 --> 01:23:58,020 Servo I guess this sounds like a no agenda guy SRV Oh, three 1347 01:23:58,020 --> 01:23:59,760 curio Castries Is it him? 1348 01:23:59,880 --> 01:24:03,840 Yes sir. And he is not just a no agenda guy. He also has a node 1349 01:24:03,840 --> 01:24:06,420 with a channel because I was just looking at them all today. 1350 01:24:06,990 --> 01:24:08,910 Oh, nice. Okay, thank you. 1351 01:24:09,390 --> 01:24:15,300 And we get a 233 330 threes from Sir Spencer. Whoa. Hey says 1352 01:24:15,330 --> 01:24:19,230 Welcome to Live podcasting 2.0 boardroom congrats to Steven V 1353 01:24:19,230 --> 01:24:22,980 for enabling live item in curio caster Hey other podcast apps do 1354 01:24:23,010 --> 01:24:25,800 you need to catch up in the live item support? Let's go 1355 01:24:31,980 --> 01:24:34,230 see, we might not see it. This is anonymous. This is from 1356 01:24:34,230 --> 01:24:39,180 Darren O'Neal. Okay. 10,034 cents through Bryce. He says 1357 01:24:39,180 --> 01:24:43,740 what he says one more than CSB. Thank you for your courage boost 1358 01:24:44,490 --> 01:24:48,420 through and CSB under the bus I see. Martin from pod friend he 1359 01:24:48,420 --> 01:24:51,660 says boosting live historic times indeed. I spread myself 1360 01:24:51,660 --> 01:24:55,260 too thin on House job and various pot friend tasks. But I 1361 01:24:55,260 --> 01:24:57,900 hope to have live and comments ready for next week's episode. 1362 01:24:57,930 --> 01:25:01,110 Oh, you know the crazy day it'll show up and have it all done and 1363 01:25:01,110 --> 01:25:03,150 slick looking as usual Yeah. 1364 01:25:04,529 --> 01:25:06,929 In in the background is floors will be nice and waxed 1365 01:25:08,340 --> 01:25:10,620 and while he's cooking dinner for his wife yeah 1366 01:25:13,110 --> 01:25:16,230 chat F again with a boost 5000 SATs he just says 1367 01:25:16,230 --> 01:25:17,880 boost yo Thank you 1368 01:25:19,980 --> 01:25:24,030 drips got 10,000 SATs through curio caster and he says go 1369 01:25:24,030 --> 01:25:34,410 podcasting podcast Thank you drew see anonymous okay. I don't 1370 01:25:34,710 --> 01:25:39,750 know who this is. And I'm wondering if it may be Roy 1371 01:25:40,500 --> 01:25:46,080 through breeze and 1948 SAS he says do it live Shabbat Shalom 1372 01:25:46,080 --> 01:25:46,830 from Israel? 1373 01:25:47,400 --> 01:25:50,520 Maybe what's what's the number? What's the numerology on it? 1374 01:25:51,180 --> 01:25:52,650 194 1940 1375 01:25:52,680 --> 01:25:55,410 Oh no, that's Brian of London. Yeah, I see I recognize people 1376 01:25:55,410 --> 01:25:56,790 by their boost amounts now. 1377 01:25:57,270 --> 01:26:02,490 Yeah, you'll get another numerology boosts on closing the 1378 01:26:02,490 --> 01:26:02,760 loop. 1379 01:26:02,910 --> 01:26:06,210 Yeah, definitely. We got some of those as well. I think you know, 1380 01:26:06,210 --> 01:26:11,310 in in Bitcoin land there's a lot of like 21 sets and multiples of 1381 01:26:11,310 --> 01:26:13,320 21 Yeah, 1382 01:26:13,320 --> 01:26:16,890 of course of course and some 420s You wait wait until April 1383 01:26:16,890 --> 01:26:17,580 rolls around. 1384 01:26:19,500 --> 01:26:24,600 Blueberry sinister boob donation 808 And he says Happy live day 1385 01:26:24,600 --> 01:26:28,500 when we get when we get the node for behind the schemes up and 1386 01:26:28,500 --> 01:26:30,870 running again. It's our intention to make a split in the 1387 01:26:30,870 --> 01:26:35,670 index split to the index. Very legal. Bad radio lot dot live is 1388 01:26:35,670 --> 01:26:39,870 a place one could head for pulp punk. sciency conspiracy 1389 01:26:39,870 --> 01:26:41,010 hypothesizing 1390 01:26:41,520 --> 01:26:43,800 Ooh, sounds like the show for me I like it. 1391 01:26:45,450 --> 01:26:47,640 That is very Satan knee okay, 1392 01:26:47,730 --> 01:26:50,580 but very cool that you're putting putting us in your split 1393 01:26:50,580 --> 01:26:54,510 and we have our lightning node in the show notes if anyone else 1394 01:26:54,510 --> 01:26:58,290 wants to add an extra split from your podcast for for the index 1395 01:26:58,290 --> 01:26:59,940 for the whole project be appreciated 1396 01:27:00,840 --> 01:27:04,800 servo again with 333 through the from the says hello from the 1397 01:27:04,800 --> 01:27:07,830 boost CLI a lot of love for the boost command line. 1398 01:27:07,860 --> 01:27:10,980 It is kind of fun to do that I've experimented a bit with it. 1399 01:27:10,980 --> 01:27:11,850 It's kind of cool. 1400 01:27:12,150 --> 01:27:15,870 And in quite scriptable to yeah can end up with a with a Brian 1401 01:27:15,870 --> 01:27:17,400 of London style cron 1402 01:27:17,400 --> 01:27:20,010 job or Hey, put a cron job 1403 01:27:21,600 --> 01:27:23,880 Okay, that's it. That's it. That's the new marketing thing 1404 01:27:23,880 --> 01:27:32,970 is put us in your cron job Stephen B 5000 says it's nice 1405 01:27:32,970 --> 01:27:34,980 listening live hope he says don't slow down 1406 01:27:36,090 --> 01:27:39,120 No, it's been it's been great this thing is flying man. I 1407 01:27:39,120 --> 01:27:41,760 can't believe it we've had how many lives we have we must have 1408 01:27:41,760 --> 01:27:43,710 50 Different live booster grams. 1409 01:27:43,980 --> 01:27:48,780 Goodness gracious. So this that's me that's a test boost 1410 01:27:48,780 --> 01:27:50,100 What am I doing booster myself? 1411 01:27:50,159 --> 01:27:54,719 I see legal Stop it might new might know that your dice and go 1412 01:27:54,719 --> 01:27:57,299 into the bathroom and you need to boost yourself. Okay. 1413 01:27:58,260 --> 01:28:05,880 Take your noodles with you. Mike Newman 21 112 Super rush boost 1414 01:28:06,420 --> 01:28:09,870 answer. He says boosting the live go podcasting boost boost 1415 01:28:09,870 --> 01:28:14,730 boost podcast. These are from last week's live that I believe 1416 01:28:14,730 --> 01:28:20,070 so. Yeah. So first time doing it live from Chad Pharaoh. 101 says 1417 01:28:20,070 --> 01:28:28,620 Thank you Chad 50 Oh, this is from Roy 54th As 54321 54,321 1418 01:28:28,620 --> 01:28:29,550 says Drew Brees. 1419 01:28:29,579 --> 01:28:32,939 Wow, how about that? Thank you brother. 1420 01:28:33,600 --> 01:28:35,460 Coming in, in a big way. Man, Roy 1421 01:28:35,550 --> 01:28:38,040 is that a baller is a baller with that he's 1422 01:28:40,650 --> 01:28:43,860 looking through I'm looking through the list here. He may be 1423 01:28:43,860 --> 01:28:44,370 the baller 1424 01:28:45,570 --> 01:28:49,410 shot 20 blades on the Impala 1425 01:28:50,400 --> 01:28:52,830 he's not the baller boots were given give to him anyway though, 1426 01:28:52,860 --> 01:28:54,240 because that's that's a big one. 1427 01:28:54,570 --> 01:29:00,390 The and a millennial in the in the chat room says he or she got 1428 01:29:00,390 --> 01:29:02,370 their first cron job at 16 1429 01:29:08,010 --> 01:29:10,980 tell you the comedy writes itself when you do this live is 1430 01:29:10,980 --> 01:29:11,490 great 1431 01:29:11,789 --> 01:29:17,639 at the prom, feelin cast peeling 3300 sets through fountain he 1432 01:29:17,639 --> 01:29:21,449 says thanks for all the work well. You're welcome Cass eight 1433 01:29:21,449 --> 01:29:27,359 686 75 from a very long username that's undecipherable through 1434 01:29:27,359 --> 01:29:30,269 fountain he says boosting to balance my channels 1435 01:29:31,410 --> 01:29:34,860 can be used please feel. Feel free to do that as as much as 1436 01:29:34,860 --> 01:29:36,870 you want. Cameron from wait. 1437 01:29:37,260 --> 01:29:42,930 This is Cameron at IPFS podcasting dotnet great utility. 1438 01:29:42,930 --> 01:29:44,430 This is a bat channel balanced. 1439 01:29:45,780 --> 01:29:49,590 Balanced your channel by boosting us. It's a balanced 1440 01:29:49,590 --> 01:29:51,120 boost. Come on people. 1441 01:29:51,720 --> 01:29:56,730 Were GG we're basing our show is basically a loop out. Yeah, 1442 01:29:57,390 --> 01:29:59,550 we were submarine swap. 1443 01:29:59,760 --> 01:30:05,430 So Have a swap? Yes. So see that's that's for me again 500 1444 01:30:05,430 --> 01:30:09,480 sets from Dale through cast medic. He says your point about 1445 01:30:09,480 --> 01:30:13,920 creators at about 78 minute and about 78 minutes Adam. I 1446 01:30:13,920 --> 01:30:16,740 switched to a value supporting app when I learned on Linux 1447 01:30:16,740 --> 01:30:19,830 unplugged that I can use it to compensate Jupiter broadcasting 1448 01:30:19,830 --> 01:30:23,010 podcasts at a level of my choosing. Oh, that's cool. Yeah, 1449 01:30:23,370 --> 01:30:27,870 yeah Chris Fisher ever Jupiter all those shows Linux unplugged 1450 01:30:27,870 --> 01:30:32,520 and Coda radio and he's been extremely supportive. I could 1451 01:30:32,520 --> 01:30:36,150 have pulled I don't know six or seven clips over the last two 1452 01:30:36,150 --> 01:30:39,330 weeks of their their full on with value for value. They're 1453 01:30:39,330 --> 01:30:43,230 doing booster grams, reading them on the show. And 1454 01:30:43,439 --> 01:30:46,349 they get it they they actually do they get it 1455 01:30:47,730 --> 01:30:52,260 anonymous through cast MATIC 2000. Sasson says any reverse 1456 01:30:52,260 --> 01:30:55,470 value system would most likely get abused to make a quick buck. 1457 01:30:55,860 --> 01:31:01,500 That's possible. Yeah. True layman creations. As Andy 1458 01:31:01,500 --> 01:31:05,610 layman. Our buddy 32 sets the cast ematic he says oh, keeping 1459 01:31:05,610 --> 01:31:09,690 software updated to date is a pain in the bud. Yes, it is. 1460 01:31:09,690 --> 01:31:12,750 Andy is software No kidding. Always a pain? Yeah. 1461 01:31:13,140 --> 01:31:16,620 That's why I love the web apps. Yeah, updated in the background 1462 01:31:16,620 --> 01:31:17,760 for me. I'll just use it. 1463 01:31:18,240 --> 01:31:23,940 PW A's Mm hmm. Cotton Gin 508 sets. And he just says live. 1464 01:31:24,570 --> 01:31:28,890 Yes. Thank you. Thank you cotton gin. Oh, here's a row of sevens 1465 01:31:28,890 --> 01:31:32,730 from soaring Satoshis I like that name. Through breeze and he 1466 01:31:32,730 --> 01:31:38,520 says boost. Yo, how you doing booster. Row? Oh, that's for 1467 01:31:38,520 --> 01:31:42,240 you. You're testing you're doing channel testing. Adam with the 1468 01:31:42,240 --> 01:31:43,200 road outside? 1469 01:31:43,560 --> 01:31:46,260 At least at least I'm not boosting myself. I am boosting 1470 01:31:46,260 --> 01:31:50,010 myself. I guess I'm I'm trying to clear out my pipes. 1471 01:31:50,670 --> 01:31:52,020 Clear. Ice. 1472 01:31:52,200 --> 01:31:55,020 Yeah can only go downhill from here. 1473 01:31:55,290 --> 01:32:00,090 Dice is good for that. Nomad, Joe 2000 SATs through fountain 1474 01:32:00,090 --> 01:32:02,910 and he says greetings from the road. Well, greetings nomad. 1475 01:32:02,910 --> 01:32:08,550 Joe. I know that Mr. Graham from Adam. I'm going through these in 1476 01:32:08,550 --> 01:32:13,740 real time here because I didn't have time to print them. Another 1477 01:32:13,740 --> 01:32:16,410 Darrin Oh, Darrin O'Neill boost. Oh, this time this is a big 1478 01:32:16,410 --> 01:32:21,150 133 333 through breeze and he says I do have stats from random 1479 01:32:21,150 --> 01:32:24,630 thoughts unrelenting and planet rage. This is your vague 1480 01:32:24,690 --> 01:32:27,270 Oh yeah. Thank you. Yeah, that was from the last show. 1481 01:32:27,750 --> 01:32:34,890 Okay, it gave us the big C that is a another one from Roy. So 1482 01:32:34,920 --> 01:32:38,460 1234 sets he says Hi Dave. Don't forget to respond to my 1483 01:32:38,460 --> 01:32:39,000 telegram. 1484 01:32:41,370 --> 01:32:43,920 I love when people pay us to come to the phone. 1485 01:32:45,540 --> 01:32:48,480 He says if boosting is what it takes to get you to reply, I'm 1486 01:32:48,480 --> 01:32:53,670 game. Boost. Alright, you don't want to encourage that with me 1487 01:32:53,730 --> 01:32:57,720 because that may become a thing. Oscar Mary through fountain he 1488 01:32:57,720 --> 01:33:01,680 says first time but not the last 100 Once ads. Thank you. Chad 1489 01:33:01,680 --> 01:33:06,720 Pharoah 333 33 through curio caster. He says. I hear you loud 1490 01:33:06,720 --> 01:33:09,030 and clear. That's probably that's probably just tuning into 1491 01:33:09,030 --> 01:33:12,960 the live stream. A lot of testing here they here's some 1492 01:33:13,110 --> 01:33:19,170 Unicode string. indecipherable that's always great. And mere, 1493 01:33:19,410 --> 01:33:23,310 mere mortals podcast. Kyron. He says, I was screaming at my 1494 01:33:23,310 --> 01:33:27,330 screen the entire time. YouTube has comments. Can whoever is 1495 01:33:27,330 --> 01:33:29,790 creating the shirts have a picture of Adam and Dave running 1496 01:33:29,790 --> 01:33:33,690 with scissors? And the words podcasting 2.0 The YouTube 1497 01:33:33,690 --> 01:33:36,270 killer on mine please and thank you. Is it done yet? 1498 01:33:37,710 --> 01:33:38,670 Is it isn't yet? 1499 01:33:39,330 --> 01:33:41,310 That's a road dogs 2222 1500 01:33:41,400 --> 01:33:43,260 Oh yeah, we'll hit a road duck there 1501 01:33:48,900 --> 01:33:55,050 John's BRT 49,000 SATs. He says we're he says we're gonna make 1502 01:33:55,050 --> 01:33:59,910 it pewpewpew No, no. We're gonna make it work. Don't 1503 01:33:59,910 --> 01:34:02,100 worry. Thanks as long as we make it doesn't matter what we're 1504 01:34:02,100 --> 01:34:03,480 gonna make it. He 1505 01:34:04,110 --> 01:34:08,100 sounds like a song from the hairbands All right. 1506 01:34:08,100 --> 01:34:09,630 I think we're gonna make it 1507 01:34:13,020 --> 01:34:16,260 Oscar marry 10 SATs. Oh, 1508 01:34:16,650 --> 01:34:17,520 hold on a sec. 1509 01:34:18,690 --> 01:34:26,790 whooshed that's that's come on Oscar. Game really bro. SC OTT 1510 01:34:27,240 --> 01:34:31,470 for gave us 10,420 SATs. He says Nice. Just a quick boost. Thank 1511 01:34:31,470 --> 01:34:37,260 you guys. Thank you. Okay, and I'll see you later. Here's the 1512 01:34:37,260 --> 01:34:44,010 baller boost from Sir bill through fountain 300,000 SATs 1513 01:34:44,040 --> 01:34:44,880 Whoa, 1514 01:34:45,119 --> 01:34:49,229 there it is shot Carla 20 blades on I am Paul. 1515 01:34:50,100 --> 01:34:55,890 Nice. Oh, holy crap. I remember seeing this. This reflected in a 1516 01:34:55,890 --> 01:34:56,940 channel somewhere. 1517 01:34:57,570 --> 01:35:00,570 Oh, yes. You see the channel swing. Yeah, but Guess dumps 1518 01:35:00,570 --> 01:35:03,810 from one side to the other. Love the show and keep up the good 1519 01:35:03,810 --> 01:35:05,640 work. That's all I said. Thank you. 1520 01:35:05,940 --> 01:35:08,010 Thank you so much. That's really appreciated. 1521 01:35:09,870 --> 01:35:13,530 Sir. You know what, sir? Bill? We need proof of identity here 1522 01:35:13,530 --> 01:35:18,150 because it's possible. God is just impersonated? Yeah, 1523 01:35:18,150 --> 01:35:21,540 right. We have no idea that we think it's all Dred Scott. We 1524 01:35:21,540 --> 01:35:24,720 think in podcasting 2.0 is successful and it's just drab. 1525 01:35:25,260 --> 01:35:28,980 Yes. He's the only the only guy right. Yeah. Dred Scott. 1526 01:35:29,010 --> 01:35:31,500 Yeah, you'll never know. That's the beauty of it. 1527 01:35:31,530 --> 01:35:32,970 That is Yeah, it's true. 1528 01:35:33,840 --> 01:35:39,000 Anonymous, another anonymous 2000 Sasuke. Cast. ematic says, 1529 01:35:39,060 --> 01:35:42,420 oh, that's that's a repeat. That's another one. Satoshi 1530 01:35:42,420 --> 01:35:49,080 stream 5552. Through fountain, and he says, more stats. The 1531 01:35:49,080 --> 01:35:55,200 average boost to Satoshi stream podcast is 1557 SATs. Average 1532 01:35:55,230 --> 01:35:59,550 streaming payment is 36 sets. That makes sense. Yeah, 1533 01:35:59,550 --> 01:36:03,450 actually, my streaming is set to 40 sets. What is that? What are 1534 01:36:03,450 --> 01:36:03,900 you at? 1535 01:36:03,959 --> 01:36:05,129 I'm at 100. 1536 01:36:05,910 --> 01:36:06,810 What are you at GG? 1537 01:36:07,620 --> 01:36:12,330 Um, well, I think I'm a 21. Yeah, so I'm below average. And 1538 01:36:12,330 --> 01:36:14,850 you are both above average, but I'm not surprised about that. 1539 01:36:15,270 --> 01:36:15,540 You're 1540 01:36:17,160 --> 01:36:18,870 You're a below average streamer. 1541 01:36:18,900 --> 01:36:22,260 You know, he didn't play with the dice long enough as a kid. 1542 01:36:23,070 --> 01:36:24,120 That's that's probably. 1543 01:36:24,570 --> 01:36:27,780 Yeah. That Well, that's the problem. You're doing it all on 1544 01:36:27,780 --> 01:36:30,720 a piece of paper. You need to actually do it in the app. Yes. 1545 01:36:31,110 --> 01:36:34,410 Please get with it. It does help a little bit with that. Yes. 1546 01:36:34,410 --> 01:36:36,180 What do you use? Which app do you use? Eg 1547 01:36:36,990 --> 01:36:39,750 I'm on brace. Brace. I really like brace. Yeah. 1548 01:36:40,890 --> 01:36:44,670 Dave Jackson says 5150 says oh, that's yeah, we know what's up 1549 01:36:44,670 --> 01:36:49,410 with that. Dynamic Content hoarded. Wait, wait. Dynamic 1550 01:36:49,410 --> 01:36:52,440 content. horked. My old school chapters I made in Hindenburg. 1551 01:36:52,440 --> 01:36:54,870 Podcasting. 2.0 to the rescue, go podcasting. 1552 01:36:54,900 --> 01:36:56,370 Yay. Podcast. 1553 01:36:59,550 --> 01:37:03,030 The Bootstrap bandit Tim K through fountain he sent 101 1554 01:37:03,030 --> 01:37:04,410 SATs as wild. 1555 01:37:06,600 --> 01:37:12,690 Alright, man. Nice. You gave a shout out to bootstrap banded. 1556 01:37:12,690 --> 01:37:15,450 He built a lot of cool stuff in the Bitcoin ecosystem. 1557 01:37:15,480 --> 01:37:18,480 Oh my goodness. Yeah. Well, right now a lot of a lot of us 1558 01:37:18,480 --> 01:37:19,410 is running on him. 1559 01:37:19,919 --> 01:37:23,759 Yeah. Tim Kay's incredible. Very nice. Well, we'll talk about 1560 01:37:23,759 --> 01:37:26,429 next week we came up with some good ideas. I think so had a 1561 01:37:26,429 --> 01:37:30,299 call with him and Oscar. On Wednesday. I think we we hashed 1562 01:37:30,299 --> 01:37:36,389 out some some pretty cool stuff. super nerd Media gave us 12,345 1563 01:37:36,389 --> 01:37:39,929 sets. And he says on behalf of my podcasting partner and 1564 01:37:39,929 --> 01:37:42,269 Barnhart, thank you for everything y'all are doing to 1565 01:37:42,269 --> 01:37:45,719 preserve and protect podcasting going forward. We cordially 1566 01:37:45,719 --> 01:37:48,989 invite you to check out the Barnhart podcast, a show which 1567 01:37:48,989 --> 01:37:51,329 mainly focuses on issues regarding the Catholic Church 1568 01:37:51,329 --> 01:37:53,729 today. Listen, that sounds interesting and listen to that. 1569 01:37:54,359 --> 01:37:57,809 with particular emphasis on the question. Which of the two 1570 01:37:57,809 --> 01:38:01,649 bishops in white is actually the current pope? The answer may 1571 01:38:01,649 --> 01:38:07,409 surprise that sounds like my kind of shit. 1572 01:38:07,770 --> 01:38:12,120 I love that I love about the pope stuff and you get to read 1573 01:38:12,120 --> 01:38:16,170 Viggo No, what's the X Bishop? I think or Cardinal whatever he 1574 01:38:16,170 --> 01:38:20,400 is. It's just it's a mess. Man is fun. It's it's, it's almost 1575 01:38:20,400 --> 01:38:22,410 like a true crime podcast. 1576 01:38:23,010 --> 01:38:25,200 Well, you did. I mean, you essentially chose the current 1577 01:38:25,200 --> 01:38:26,550 pope. So I mean, oh, yeah, I 1578 01:38:26,550 --> 01:38:30,000 called him right away. I said that guy is Yep. Yeah, I did. 1579 01:38:32,040 --> 01:38:36,180 Sir Doug 4400 SATs through fountain. He says I'm not a 1580 01:38:36,180 --> 01:38:38,760 developer. And I'm not a podcaster just a passionate 1581 01:38:38,760 --> 01:38:41,010 listener that really appreciates what you guys are doing. 1582 01:38:41,310 --> 01:38:44,220 Thank you. So nice. Nice. Yes. Very nice. 1583 01:38:44,760 --> 01:38:50,580 And the delimiter mafia blogger. Here he is everybody 10,033 SAS, 1584 01:38:50,580 --> 01:38:52,290 which is one less than Darrin O'Neill. 1585 01:38:52,860 --> 01:38:55,500 Yeah, I have to point that out. Yes. 1586 01:38:56,190 --> 01:38:59,850 Hi, a David Adam. Let the Russian invaders be damned. And 1587 01:38:59,970 --> 01:39:02,760 your listeners are warmly invited to listen to a podcast 1588 01:39:02,760 --> 01:39:07,050 named AI cookies by Gregory William Forsythe Forman from 1589 01:39:07,050 --> 01:39:10,410 Kent. Latest Episode 26 Apart from news about artificial 1590 01:39:10,410 --> 01:39:15,120 intelligence covers, ml ops kind of DevOps but from machine 1591 01:39:15,120 --> 01:39:16,080 learning yo, 1592 01:39:16,560 --> 01:39:20,040 yo to you comics through blogger. He's gotten creative. 1593 01:39:20,040 --> 01:39:21,930 He's changed the message a bit. I appreciate that. 1594 01:39:22,740 --> 01:39:25,020 Too. More like it out of the cron job. He's doing it by hand 1595 01:39:25,020 --> 01:39:25,290 now. 1596 01:39:26,220 --> 01:39:32,970 Thank you cotton gin for your 22,222 Live booster Graham. He 1597 01:39:32,970 --> 01:39:34,350 says go podcasting 1598 01:39:39,750 --> 01:39:40,620 that just came in. 1599 01:39:41,310 --> 01:39:47,520 Okay. But guess a month lease to Sir Alex gates. The podcasting 1600 01:39:47,520 --> 01:39:52,440 2.0 Consulting gave us $25 Brown of London $10 of Hive. That's an 1601 01:39:52,440 --> 01:39:55,080 automatic thing. Yes. Always keep forgetting. Thank you. 1602 01:39:55,710 --> 01:39:59,760 Thank you, Brian. Jeffrey Rutherford. $5 Chris gallon $5 1603 01:39:59,760 --> 01:40:05,520 Cheers. Kevin Hall five $10 Damon Castle Jack $15 sore and 1604 01:40:05,520 --> 01:40:12,360 Miller $10 David Norman $25 Derek J. Vickery. $21. Great 1605 01:40:12,360 --> 01:40:18,120 name. Paul Saltzman $22.22. And Paul sent me a message and I'm 1606 01:40:18,120 --> 01:40:21,000 pretty sure I read. I'm pretty sure this is one you're talking 1607 01:40:21,000 --> 01:40:23,910 about if you send a different one and I didn't get that one, 1608 01:40:23,910 --> 01:40:26,070 let me know Paul. No, I'll read it out. I may have missed it. 1609 01:40:26,670 --> 01:40:32,310 Jeremy Gertz $5 Timothy Hudgins my buddy $25. David would find 1610 01:40:32,310 --> 01:40:39,270 $3 Lauren ball $24.20 survive on the sea survive give Ash $5 1611 01:40:39,660 --> 01:40:45,330 Basil trust $1 and Thomas Sullivan, Jr. $5. 1612 01:40:45,630 --> 01:40:50,940 This is highly appreciated, especially it always, always 1613 01:40:50,940 --> 01:40:54,000 really gets me when I see how many people who are already 1614 01:40:54,000 --> 01:40:56,730 delivering their time and talent to the project, then add some 1615 01:40:56,730 --> 01:41:00,540 treasuring is so appreciated the entire project, everything is 1616 01:41:00,540 --> 01:41:06,930 financed through the support and that is coming from you. We it's 1617 01:41:06,960 --> 01:41:10,050 the only way this project will work. As you can tell, we can 1618 01:41:10,050 --> 01:41:13,920 speak freely, we have no wonder they can lock us down or turn us 1619 01:41:13,920 --> 01:41:17,610 off because they don't agree with some thing. It's just what 1620 01:41:17,610 --> 01:41:21,030 a great group, a unbelievable group of people working on this. 1621 01:41:22,320 --> 01:41:25,140 You can support us by going to podcast index.org That's where 1622 01:41:25,140 --> 01:41:27,810 we still accept your Fiat fund coupons, especially those 1623 01:41:27,810 --> 01:41:30,420 monthly fees are very appreciated. Put us in your 1624 01:41:30,420 --> 01:41:33,030 crontab. Everybody that'd be great. Appreciate that 1625 01:41:33,060 --> 01:41:37,050 personally crontab. With with the command line boosts up oh, 1626 01:41:37,710 --> 01:41:45,660 just came just came in a balance boost. Oh 250,000 SATs from Alex 1627 01:41:45,660 --> 01:41:49,380 gates giving myself some inbound liquidity. He says 1628 01:41:50,700 --> 01:41:55,110 you balance in the channel. You do too much rather you do too 1629 01:41:55,110 --> 01:41:55,530 much? 1630 01:41:56,640 --> 01:41:59,190 What if what if it turns out that this is the real purpose of 1631 01:41:59,190 --> 01:42:00,090 the common system? 1632 01:42:02,250 --> 01:42:06,450 Quiet? It's the balancing? Hey, balance of Satoshis Get the hell 1633 01:42:06,450 --> 01:42:09,960 out of here. Who needs you? We don't need thunder hub. We just 1634 01:42:09,960 --> 01:42:12,870 need booster grams. That's how we balance. Thank you very much, 1635 01:42:12,870 --> 01:42:16,620 Alex, that's way above and beyond brother. So that's what 1636 01:42:16,620 --> 01:42:20,220 I'm talking about. And if you're a listener, if you agree with 1637 01:42:20,220 --> 01:42:22,500 what we're doing here, which How could you not we've made 1638 01:42:22,500 --> 01:42:25,500 podcasting better. We've made it, we've protected it, we're 1639 01:42:25,500 --> 01:42:29,370 enhancing it, we're extending it support the project as well. 1640 01:42:29,400 --> 01:42:33,780 Everything helps. And of course, all the Satoshis go into 1641 01:42:33,810 --> 01:42:38,970 liquidity. For all the nodes. We have 132 channels at today, 1642 01:42:39,360 --> 01:42:42,540 interactive. And we're proud of it. We're not doing it the way 1643 01:42:42,540 --> 01:42:45,030 everyone else does. But it does seem to be working again. 1644 01:42:45,030 --> 01:42:48,750 Appreciate it. Get a modern podcast app, a new podcast 1645 01:42:48,750 --> 01:42:52,170 apps.com You can participate in the live chat in the live 1646 01:42:52,170 --> 01:42:56,640 booster grams. Or just enjoy all of the new features podcasting 1647 01:42:56,640 --> 01:43:00,780 2.0 has to offer. Thank you so much for supporting episode 78. 1648 01:43:01,470 --> 01:43:04,770 Yeah, and it it's it's so it's really cool because you can tell 1649 01:43:04,770 --> 01:43:08,190 exactly where the stuff is going. Because like we got a we 1650 01:43:08,190 --> 01:43:14,010 got a somebody sent us six $6 donation this month, this week 1651 01:43:14,040 --> 01:43:17,640 from PayPal, it seems like it's not very much. But I'm also but 1652 01:43:17,640 --> 01:43:20,760 I spun up a new Linode VM to test the aggregate then you 1653 01:43:20,760 --> 01:43:24,450 aggregator stuff. And it's a $5 VM and exactly that totally 1654 01:43:24,450 --> 01:43:29,070 covered it. Also, you know, we got a 300,000 set boost today. 1655 01:43:29,400 --> 01:43:33,690 And we literally opened a 300,000 sets rental to a new 1656 01:43:33,690 --> 01:43:35,100 podcaster this morning. That's right. 1657 01:43:35,100 --> 01:43:37,710 Isn't that beautiful? How that works. I love that because that 1658 01:43:37,710 --> 01:43:40,110 Dave and I like, you know, Dave will check with me because I 1659 01:43:40,170 --> 01:43:44,670 manage to kind of manage the node kind of for good or for 1660 01:43:44,670 --> 01:43:47,910 bad. And he's like, Hey, can you open the channels? Yeah, I'm 1661 01:43:47,910 --> 01:43:50,220 gonna do 300 Because it's for Jupiter, right? 1662 01:43:50,640 --> 01:43:52,170 Yeah, it's for one of their new shows. Yeah, 1663 01:43:52,350 --> 01:43:54,930 yes, I'm expecting these guys will need some some good 1664 01:43:54,930 --> 01:43:58,050 liquidity. So let's do 300k I look, you know, we had we have 1665 01:43:58,050 --> 01:44:01,110 1.8 left on chain, you know, like there's one or two I can 1666 01:44:01,110 --> 01:44:04,710 prune. But to have this come in, right at this moment is it's 1667 01:44:04,710 --> 01:44:09,300 perfect. It means the world to us means the world to us. Yeah, 1668 01:44:09,330 --> 01:44:13,110 GG. I know you. You probably weren't expecting to talk about 1669 01:44:13,110 --> 01:44:15,930 the things that we brought up today. But we really appreciate 1670 01:44:15,930 --> 01:44:20,010 you diving in with us. Is there anything else you'd like to talk 1671 01:44:20,010 --> 01:44:23,460 about? That we that we can still do in our time remaining with 1672 01:44:23,460 --> 01:44:24,210 you? Yes. Sorry 1673 01:44:24,210 --> 01:44:25,710 for throwing you a curveball if I did 1674 01:44:26,130 --> 01:44:29,430 that. No, no worries, no worries. I think those things 1675 01:44:29,430 --> 01:44:32,580 all of those things are terribly important. And in the end, I 1676 01:44:32,580 --> 01:44:36,510 think what what everyone should realize is that it all boils 1677 01:44:36,510 --> 01:44:39,300 down to one thing and that is censorship resistance. It's it's 1678 01:44:39,300 --> 01:44:42,930 about doing it your own way without asking for permission 1679 01:44:42,960 --> 01:44:46,260 and that's also I think, why Bitcoin is so important because 1680 01:44:46,260 --> 01:44:49,680 it is truly censorship resistant money and understanding all that 1681 01:44:49,710 --> 01:44:52,410 like why this censorship resistant and so on. We went 1682 01:44:52,410 --> 01:44:55,680 into like we dug into it a little bit. It is rather 1683 01:44:55,680 --> 01:44:58,770 difficult but in the end it comes down to it for Bitcoin 1684 01:44:58,770 --> 01:45:03,360 that you you have to to, to, to pay to use it also, you know, 1685 01:45:03,360 --> 01:45:06,270 like, you have to bribe the miners. And I think we all know 1686 01:45:06,270 --> 01:45:09,120 this in the, in the podcasting world as well, like if you, if 1687 01:45:09,120 --> 01:45:12,270 you really want to be censorship resistant, you have to host your 1688 01:45:12,270 --> 01:45:14,730 own files, for example, and you, you kind of have to pay for that 1689 01:45:14,730 --> 01:45:18,810 as well. So, you know, like, the other side of the coin of 1690 01:45:18,810 --> 01:45:21,750 freedom is like, you have to take responsibility, and you 1691 01:45:21,750 --> 01:45:23,970 have to understand these things. And you have to understand the 1692 01:45:23,970 --> 01:45:27,030 systems and you have to run your own stuff, and you have to kind 1693 01:45:27,030 --> 01:45:31,500 of decide for yourself, which infrastructure is at risk of 1694 01:45:31,500 --> 01:45:36,330 being D platformed. And what what you want to do to, to be 1695 01:45:36,330 --> 01:45:40,830 really uncomfortable, cancel, you're able and have the freedom 1696 01:45:40,860 --> 01:45:46,020 of those new, like technologies that enable you to speak freely 1697 01:45:46,020 --> 01:45:49,230 and to exchange value freely. And that's why I'm also so 1698 01:45:49,230 --> 01:45:52,710 bullish on the value for value model, because it truly is like 1699 01:45:52,710 --> 01:45:56,910 a direct monetization model that moves away from advertisements 1700 01:45:56,910 --> 01:45:59,460 that moves away from self censorship that moves away from 1701 01:46:00,060 --> 01:46:02,970 being locked in, in a in a beautiful walled garden, you 1702 01:46:02,970 --> 01:46:05,100 know, that is YouTube, and Spotify and all the rest of it. 1703 01:46:05,250 --> 01:46:07,980 And so I'm super bullish on these free and open platforms. 1704 01:46:08,160 --> 01:46:12,960 Gigi, you've written about value for value before would you be 1705 01:46:12,960 --> 01:46:16,740 willing to take a stab with me writing this up for the website? 1706 01:46:17,730 --> 01:46:21,120 Yeah, of course. Of course all my stuff is freely available 1707 01:46:21,120 --> 01:46:23,820 online if someone wants to read it, it's called the freedom of 1708 01:46:23,820 --> 01:46:30,480 value on their gg.com and I release all my stuff on a as 1709 01:46:30,660 --> 01:46:34,590 free and open in a free and open licensing model. So feel free to 1710 01:46:34,590 --> 01:46:38,010 rip it apart remix it put it somewhere else. Okay. And I'm of 1711 01:46:38,010 --> 01:46:42,600 course happy to to work with you to put it somewhere yeah, I'd 1712 01:46:42,600 --> 01:46:44,670 like like it's more accessible that yeah, I'd like 1713 01:46:44,670 --> 01:46:47,970 to run some stuff by just so we have it all all. I mean, I I 1714 01:46:47,970 --> 01:46:50,280 understand it because no, I've been I've been doing value for 1715 01:46:50,280 --> 01:46:55,620 value for so long. But yeah, I'm not the best writer. Put it that 1716 01:46:55,620 --> 01:46:56,370 way. Yeah, no 1717 01:46:56,370 --> 01:46:59,970 happy to do that. And also shout out to all the other people that 1718 01:46:59,970 --> 01:47:02,580 are currently exploring this I think value for value thanks to 1719 01:47:02,580 --> 01:47:06,240 podcasting. 2.0 got it got a big boost, like, no pun intended, 1720 01:47:06,420 --> 01:47:12,090 but a lot of people woke up to the idea. And also, of course, 1721 01:47:12,090 --> 01:47:15,510 like the legacy system with all the D platforming helps as well, 1722 01:47:15,540 --> 01:47:20,250 you know, like Tony Hsieh stuff the world increases, really does 1723 01:47:20,250 --> 01:47:21,870 and new alternatives. 1724 01:47:21,990 --> 01:47:24,990 And if I had a kid and I might my daughter's 31, my 1725 01:47:24,990 --> 01:47:28,110 stepdaughters are in their mid mid late 20s. So it's a little 1726 01:47:28,110 --> 01:47:31,620 late for them. But if I had a kid now, man, I'd like here's an 1727 01:47:31,620 --> 01:47:35,100 old laptop, here's, here's a Linux distro, set that up first, 1728 01:47:35,100 --> 01:47:37,260 and then I'm going to show you how then we'll set up an Umbral, 1729 01:47:37,530 --> 01:47:39,780 then we'll understand how email works, and then we're going to 1730 01:47:39,780 --> 01:47:42,600 get your Node running, and then we're going to just, you know, 1731 01:47:42,600 --> 01:47:49,140 it's like, the education is all messed up. We're giving kids 1732 01:47:49,140 --> 01:47:52,650 iPhones and iPads in the stroller, and they just expect 1733 01:47:52,650 --> 01:47:56,100 shit to work and have no idea what's going on the background 1734 01:47:56,100 --> 01:47:58,980 and the power they actually have of doing things themselves. 1735 01:47:59,909 --> 01:48:04,139 Yeah, I think, you know, I really like the saying of like, 1736 01:48:04,139 --> 01:48:06,929 there's, there's two ways on how you can learn this stuff, it's 1737 01:48:07,229 --> 01:48:10,349 either through curiosity or through pain, and I think the 1738 01:48:10,349 --> 01:48:12,479 pain will increase, you know, more and more people will get d 1739 01:48:12,479 --> 01:48:16,409 platformed. And we'll learn to find another way, and those who 1740 01:48:16,559 --> 01:48:20,639 are curious enough to to kind of be ahead of the curve, they will 1741 01:48:20,669 --> 01:48:22,979 they will benefit from being set up and knowing how all this 1742 01:48:22,979 --> 01:48:25,769 works. And also, you know, being familiar with things like 1743 01:48:25,769 --> 01:48:30,479 Bitcoin, and you just it will be increasingly important to know 1744 01:48:30,479 --> 01:48:34,319 how to set yourself up to to function in a modern context 1745 01:48:34,499 --> 01:48:37,919 without being de platformed and so that you can have your wealth 1746 01:48:37,919 --> 01:48:41,669 attached and, and all the rest of it. And again, I want to I 1747 01:48:41,669 --> 01:48:45,629 want to kind of applaud everyone who is working on that not only 1748 01:48:45,629 --> 01:48:48,449 in the podcasting space, but value for value is currently 1749 01:48:48,449 --> 01:48:54,329 also being explored in in the written medium, like lb from the 1750 01:48:54,359 --> 01:48:58,019 lb browser extensions behind that are doing great work on 1751 01:48:58,019 --> 01:49:01,289 trying to incorporating lightning payments and lightning 1752 01:49:01,289 --> 01:49:03,959 addresses in open standards where you can just include it 1753 01:49:03,959 --> 01:49:07,949 into your blog, or whatever you have as metadata or also even on 1754 01:49:07,949 --> 01:49:11,999 YouTube pages and so on. And it will like the extension will 1755 01:49:12,179 --> 01:49:14,939 parse it out. And just like value for value podcasting app, 1756 01:49:14,939 --> 01:49:20,579 if you have some Satoshis loaded up then just by just by clicking 1757 01:49:20,579 --> 01:49:25,079 one button, you will be able to push a boost so to speak to the 1758 01:49:25,079 --> 01:49:26,609 author of the article and so on and as 1759 01:49:26,610 --> 01:49:28,770 long as you want to be super cool, as long as everyone keeps 1760 01:49:28,770 --> 01:49:31,320 using confetti. I'm fine. That's 1761 01:49:32,520 --> 01:49:35,730 the most critical piece in the entire gotta have the confetti 1762 01:49:35,730 --> 01:49:36,510 requirement. 1763 01:49:36,510 --> 01:49:39,270 Yeah, transmute Satoshis into confetti. 1764 01:49:41,040 --> 01:49:42,870 Thanks again, Gigi. Really appreciate it. 1765 01:49:43,650 --> 01:49:46,650 Awesome. Thank you, Dave. Yep, 1766 01:49:46,740 --> 01:49:47,670 final words. 1767 01:49:49,110 --> 01:49:52,380 Not Well, Stephen B. My final words are Stephen Bay just said 1768 01:49:52,380 --> 01:49:57,120 in the chat that he's working on putting GGS audio book for 21 1769 01:49:57,120 --> 01:49:59,610 lessons as a podcast feed. And that's cool. 1770 01:50:00,359 --> 01:50:04,349 Oh man, I love it. All right, everybody. Hey, you know what 1771 01:50:04,379 --> 01:50:07,739 great board meeting. This was good. I'd love to thank you very 1772 01:50:07,739 --> 01:50:10,109 much everybody in the chat room. Thank you everybody who was 1773 01:50:10,109 --> 01:50:13,589 boosting us live. Thank you all for supporting podcasting. 2.0 1774 01:50:13,589 --> 01:50:16,379 We'll be back next week with another meeting of the Board of 1775 01:50:16,379 --> 01:50:18,899 Directors right here on podcasting 2.0. 1776 01:50:34,440 --> 01:50:39,000 You have been listening to podcasting 2.0 Visit podcast 1777 01:50:39,000 --> 01:50:41,580 index.org For more information