Episode 78: Dice in the Can

100:00:00,900 --> 00:00:07,470podcasting 2.0 for March 18 2020to Episode 78 It's go go with GG200:00:10,530 --> 00:00:13,620we have a guest it's so big puthim in the title of the show.300:00:14,280 --> 00:00:16,260Got to say something. Helloeverybody. Welcome to400:00:16,260 --> 00:00:20,310podcasting. 2.0 The officialboard meeting of everything500:00:20,310 --> 00:00:23,310that's going on with podcastingto board. Oh, specifically the600:00:23,310 --> 00:00:27,330podcast namespace podcast.index.org. And of course, where700:00:27,330 --> 00:00:30,690we all hang out at podcast indexdot social. I'm Adam curry here800:00:30,690 --> 00:00:33,570in the heart of the Texas HillCountry. And in Alabama. He's900:00:33,570 --> 00:00:36,990always game for a submarineswap. My friend on the other1000:00:36,990 --> 00:00:39,750end, ladies and gentlemen, Mr.Dave Jones.1100:00:41,460 --> 00:00:46,470I like that one. Yeah, like it'slike the year you get the stick1200:00:46,470 --> 00:00:48,390up the road of vocal cords. Soyou get the1300:00:48,420 --> 00:00:51,000fright. I get the frog a littlefry happening.1400:00:51,600 --> 00:00:57,570Every now and then you go torumble going. We'll also have1500:00:57,570 --> 00:00:59,340the new that was it right there.1600:01:00,810 --> 00:01:05,070I know. It's really messed upbecause you know, and everyone's1700:01:05,070 --> 00:01:08,520sending me all these. Well,you've got to take, you know the1800:01:08,520 --> 00:01:12,630left nut of a honeybee andsquish it out and add it to all1900:01:12,630 --> 00:01:17,670this stuff that has to be donethis like, first day. Everyone's2000:01:17,700 --> 00:01:21,540been really, really helpful, butit's I don't know it's2100:01:22,380 --> 00:01:27,000honeybee nuts. Very, verydifficult to get to. Very, very2200:01:27,000 --> 00:01:27,390hard2300:01:27,390 --> 00:01:34,170to see. To get to. Oh mygoodness. How you doing Dave?2400:01:35,159 --> 00:01:42,089I'm good. Let me let me just saythat the pro tip. The Sharpie s2500:01:42,089 --> 00:01:51,719Gil, what is this? Yeah, SharpieSGL point seven 0.7 pin. This is2600:01:51,719 --> 00:01:53,909top notch hardware. Let me tellyou Oh, really?2700:01:54,629 --> 00:01:58,739No, I will say I'm a penaficionado. So it's the Sharpie.2800:02:00,209 --> 00:02:05,609S dash Jill s 0.7 0.7 Yet2900:02:05,610 --> 00:02:14,460I'm right now I'm using a uniball. signo RT also 0.7. So yes,3000:02:14,460 --> 00:02:23,700I am a 0.7 kind of girl. I enjoythat. I enjoy the 00 always game3100:02:23,700 --> 00:02:26,700for a good Penn for sure. Butyour hectic, right, yeah, this3200:02:26,700 --> 00:02:29,400is the worst time for youbecause of your your day job3300:02:29,400 --> 00:02:32,040where you got stuff happeningbecause3400:02:32,040 --> 00:02:35,730of the tax time. Yeah, we're I'min the tax industry. Dave works3500:02:35,730 --> 00:02:36,990for the IRS, I think.3600:02:39,540 --> 00:02:43,620Yeah, that's a different show.No, if that? No, we're not. I'm3700:02:43,620 --> 00:02:47,100good. I'm good. It was a littlehectic getting getting out of3800:02:47,100 --> 00:02:49,440the office to come to the show.But all right, right now.3900:02:49,679 --> 00:02:53,699So I want to start by thankingDaniel J. Lewis for taking a4000:02:53,699 --> 00:02:57,719very courageous step and a stabat creating a new website for4100:02:57,719 --> 00:03:01,859podcasts. index.org. I could notbe more delighted.4200:03:02,250 --> 00:03:05,910Can we say that this courageous?Not because of the technical4300:03:05,940 --> 00:03:11,310difficulty, but because of ofall the because of the potential4400:03:11,310 --> 00:03:12,930input that he's making a lie?4500:03:13,019 --> 00:03:16,649Yeah. Well, no, not just that. Imean, just just to go ahead and4600:03:16,649 --> 00:03:20,309do it. And yeah, it, you know,just to do Oh, yes, for all4700:03:20,309 --> 00:03:23,669those reasons. Now, he hadpromised it, and I actually had4800:03:23,669 --> 00:03:29,639screenshot. I remember somethread while back several months4900:03:29,639 --> 00:03:32,789ago. And he's like, Yeah, weneed this. I said, Well, why5000:03:32,789 --> 00:03:36,659don't you do it? And he did it.And he did it. And I screenshot5100:03:36,659 --> 00:03:38,759that I'm like, let's see ifbecause I can always go back.5200:03:38,759 --> 00:03:41,219And if someone bitches aboutthis, uh, Hey, man, you said you5300:03:41,219 --> 00:03:44,879would do. And I never need topull it out. Because he did it.5400:03:44,879 --> 00:03:47,969And he intuitively he did allthe right things, I think, you5500:03:47,969 --> 00:03:51,539know, with with three sections.I mean, there's, there's things5600:03:51,539 --> 00:03:56,729that I'll have input on, butthis is my problem is, how do I5700:03:56,729 --> 00:04:00,029actually see what the websitewill look like? You know, it's5800:04:00,029 --> 00:04:05,129like, and I can, I can figureout where to make changes in5900:04:05,129 --> 00:04:07,829code, I guess I could figurethat out, I, you know, or6000:04:07,829 --> 00:04:10,889suggestions or whatever. It'sjust, I can't really see the6100:04:10,889 --> 00:04:13,469whole thing rendered. I want tosee where all the links go to6200:04:13,469 --> 00:04:14,309all that stuff.6300:04:14,580 --> 00:04:19,410It depends what do you I don'twant to just do something for6400:04:19,410 --> 00:04:21,450you that you would rather doyourself. So I mean, if you6500:04:21,450 --> 00:04:24,030rather do it yourself, I canshow you how to set up the dev6600:04:24,030 --> 00:04:25,800environment. It's not6700:04:25,860 --> 00:04:28,500what is hard. What is theeasiest thing for me because6800:04:28,680 --> 00:04:31,920basically, I just need to seethis thing. So that I can say,6900:04:31,920 --> 00:04:35,100Okay, on this page, you know,here's a suggestion or here's a7000:04:35,100 --> 00:04:40,920change. If it's if I can thenswitch to something and find7100:04:40,920 --> 00:04:50,190that copy in the I guess in in aclone and then make that and and7200:04:50,190 --> 00:04:52,650then see that rendered Is thathow that would work. Is that7300:04:52,650 --> 00:04:54,210after you have react orwhatever?7400:04:54,930 --> 00:04:57,690Yeah, so what you would do isyou would get client Yeah, you7500:04:57,690 --> 00:05:01,230would do a git clone and down toyour via to him directly on your7600:05:01,230 --> 00:05:01,800machine.7700:05:01,890 --> 00:05:11,190How about this? Dave Jones? Yes,when you have some time alright,7800:05:12,330 --> 00:05:17,700I'm here all week everybodygood, nice. If you teach me how7900:05:17,700 --> 00:05:23,700to fish you know, I'll eat forlife. So I'm willing to learn8000:05:23,700 --> 00:05:26,610it. I don't think it should bethat hard. I mean, I've done8100:05:26,640 --> 00:05:31,680gits before git clone. I justneed to know how to set it up.8200:05:32,040 --> 00:05:34,920So if you maybe someone else canhelp me set it up. And why is8300:05:34,920 --> 00:05:37,230there no one in the chat room?What is going on here?8400:05:37,980 --> 00:05:44,250Well, I haven't. I'm currentlytyping out. The we're live now8500:05:44,250 --> 00:05:48,030show episode. See? Showtime?8600:05:48,060 --> 00:05:51,840Well, of course, we had the wesaid we were started at 1230.8700:05:51,870 --> 00:05:54,390That's what I just put it inthere. Yeah, I put it in there.8800:05:54,390 --> 00:05:58,650Like, I didn't know that. Oh,here we go. Oh, no, I'm back. I8900:05:58,650 --> 00:06:02,550think I think maybe somethingwas wrong. My IRC client. Okay.9000:06:02,640 --> 00:06:06,360All right. Now, let me open upheli pad. So we can get live9100:06:06,360 --> 00:06:09,000booster grams, which is thewhole point of the exercise?9200:06:09,510 --> 00:06:13,530Well, this is this is the mostdiscombobulated start to a show9300:06:13,530 --> 00:06:15,300that we've had in a while. Butanyway,9400:06:15,300 --> 00:06:18,240back back to the website, just acouple of things I want to9500:06:18,240 --> 00:06:23,220mention. And I already toldDaniel said, I'm going to I'm9600:06:23,220 --> 00:06:26,370going to talk to you about this,you know, in general, the9700:06:26,370 --> 00:06:32,340language instead of we're doingthis, we're making podcasting9800:06:32,340 --> 00:06:39,330better. I prefer we madepodcasting better. Like because9900:06:39,330 --> 00:06:43,080we did it stopped making itsound like a project were a10000:06:43,080 --> 00:06:43,620thing.10100:06:44,369 --> 00:06:47,549And we're proud. It's not aprocess. It's done. Yeah. Well,10200:06:47,549 --> 00:06:47,759it's10300:06:47,760 --> 00:06:51,540an ongoing process. But yeah,it's done. We made podcasting,10400:06:51,540 --> 00:06:55,470better gears, what it means toyou. And the things I'm missing10500:06:55,470 --> 00:06:58,500is backwards compatible with1.0. That's just an export10600:06:58,530 --> 00:07:04,560explanatory thing. And value forvalue. Streaming payments needs10700:07:04,560 --> 00:07:10,170to be prominently featured. AndI have ideas about that, which I10800:07:10,170 --> 00:07:13,710can work with Daniel on, becausepeople are coming for that. So10900:07:13,710 --> 00:07:16,290they're coming for a whole bunchof things, but now it's hidden.11000:07:17,040 --> 00:07:20,760Now, it's just a line item underchapters, and it's much bigger11100:07:20,760 --> 00:07:24,750than just a line item underchapters. Those are the main11200:07:24,750 --> 00:07:29,130things otherwise, I think he'son a dynamite path, saying,11300:07:29,550 --> 00:07:31,230Yeah, I really do. I really do.11400:07:31,260 --> 00:07:34,200I don't I don't know. I mean,I'm not sure. Did we talk about11500:07:34,200 --> 00:07:37,230that? Because he seemed to pickup on the three ask sort of the11600:07:37,230 --> 00:07:38,460three angles bit.11700:07:38,970 --> 00:07:41,910We must have discussed it a longtime ago on the show. I'm11800:07:41,910 --> 00:07:46,590thinking it's not naturallynatural. We talk yeah. And it's11900:07:46,590 --> 00:07:51,000it's exactly natural. And what Iwould like is, you know, so what12000:07:51,000 --> 00:07:54,780did you have as the as theslogan, we're making podcasting12100:07:54,780 --> 00:08:01,020better? So I'd like everyone totake a stab at a snappy thing,12200:08:01,050 --> 00:08:04,740you know, a snappy slogan,everybody can try it out. You12300:08:04,740 --> 00:08:08,340know, so my initial just myinitial feeling is not only12400:08:08,340 --> 00:08:11,160that, but everything should bewe've made podcasting better.12500:08:11,280 --> 00:08:14,460Here's here's, you know, it'shere. It's this is it. Just the12600:08:14,460 --> 00:08:18,480whole vibe has to be we've doneit. Welcome. We're glad we're12700:08:18,480 --> 00:08:20,610glad you finally showed up.Where have you been?12800:08:21,450 --> 00:08:23,550We've made podcasting better andyou can do.12900:08:24,390 --> 00:08:28,350Okay, Dave? Yeah. I'll do themarketing.13000:08:28,740 --> 00:08:30,870Okay, maybe not. You and Danielwork together.13100:08:32,250 --> 00:08:36,690But, um, again, I just want tosay how incredibly grateful I am13200:08:36,690 --> 00:08:40,380that Daniel pick that up. Youjust did it. And and I know, he13300:08:40,380 --> 00:08:42,870worked for a couple days on it.You know, that's some real work13400:08:42,870 --> 00:08:43,230there.13500:08:44,310 --> 00:08:48,750That and I love that aspect of,of open source. We had a good13600:08:48,750 --> 00:08:49,830death meeting this week.13700:08:49,979 --> 00:08:51,119Yeah. Oh, yes. Do13800:08:51,120 --> 00:08:54,960tell. Do tell. Yeah. No, it wasit was we talked about a lot of13900:08:54,960 --> 00:09:01,560stuff. Mostly around the socialinteract tag. And is14000:09:01,560 --> 00:09:03,990this where you all decided thatwe're going to use booster14100:09:03,990 --> 00:09:05,460grandmas comments instead?14200:09:06,810 --> 00:09:09,900No, no, no, no.14300:09:10,170 --> 00:09:13,530I'm being I'm being facetiousDave for a reason. Oh,14400:09:13,590 --> 00:09:20,250okay. Well, the we we basicallyjust had to tighten up the spec14500:09:20,250 --> 00:09:25,950because the, the spec has sortof been well, I mean, the spec14600:09:25,950 --> 00:09:31,680has written was not was writtenback in August of 21. Is that14700:09:31,740 --> 00:09:35,550Yeah, that was long time ago.And it really has just been sort14800:09:35,550 --> 00:09:39,420of like, tweaked a little bithere and there to fit what's14900:09:39,510 --> 00:09:43,170been happening the trajectory,but it hasn't kept. It just15000:09:43,170 --> 00:09:46,140really needs to be rewrittenfrom kind of from scratch not15100:09:46,140 --> 00:09:50,280not that it's going to bechanged demonstrably but very15200:09:50,280 --> 00:09:54,240much but we just as a group justdecided, okay, what's, what's15300:09:54,240 --> 00:09:57,330important here? What can wedrop? What how do we bring it up15400:09:57,330 --> 00:10:02,850to speed with what's happeningright now? And then so we came,15500:10:02,910 --> 00:10:06,690we're gonna drop platform out ofthere, we're gonna drop a whole15600:10:06,690 --> 00:10:12,240bunch of this, this huge list ofsupported platforms. I mean,15700:10:12,270 --> 00:10:14,490there's a list of like 20 thingsin there, we're going to drop15800:10:14,490 --> 00:10:17,670all that kind of jazz out. Andjust focus on trying to15900:10:17,670 --> 00:10:22,680formalize social interact as athing first, and then focus on16000:10:22,680 --> 00:10:27,900the protocols that are in useactivity, pub, lightning, and16100:10:27,900 --> 00:10:30,990Twitter. And so because thoseare the things that are16200:10:30,990 --> 00:10:35,190currently actively being used,so let's just let's just take16300:10:35,190 --> 00:10:41,700what's actively being used workon, on, for getting a formal,16400:10:41,760 --> 00:10:45,960you know, definition that worksfor those three things. And16500:10:45,960 --> 00:10:50,430those three things are differentenough to where, if anything16600:10:50,430 --> 00:10:54,870else comes along, if those threethings can fit without too much16700:10:54,870 --> 00:10:57,720modification, then probablyanything else can do. But we're16800:10:57,720 --> 00:11:01,200not going to muddy the waterjust the same way we did with16900:11:01,200 --> 00:11:05,970the value value spec where wemade it broad enough to where17000:11:06,930 --> 00:11:11,040you could fit in anything. Butfor now, we're just going to17100:11:11,040 --> 00:11:15,930focus on lightning, because youknow, we can't solve all the17200:11:15,930 --> 00:11:19,950world's issues for every littleniche user kit use case.17300:11:19,980 --> 00:11:22,530Now when you say solve it forlightning. What does that mean?17400:11:24,990 --> 00:11:27,450Well, I mean, I mean, I meanthat in reference to the value17500:11:27,450 --> 00:11:27,840blog.17600:11:27,900 --> 00:11:31,770Oh, come Oh, yeah. Because well,let me get this off my chest.17700:11:32,460 --> 00:11:37,560You were grumpy last week, bythe way. Last week? Yeah. Last17800:11:37,560 --> 00:11:40,650Year with John. Oh, no, you weregreat. You were grumpy about17900:11:40,650 --> 00:11:41,280comments.18000:11:41,910 --> 00:11:47,700I'm still grumpy about comments.And I'll tell you why. Cool. So18100:11:47,700 --> 00:11:53,010I have now heard James Kirtlandtwice. And quite an extended18200:11:53,040 --> 00:11:58,410segment on pod land. Talk aboutactivity. I'm paraphrasing, but18300:11:58,410 --> 00:12:02,490here's what he's saying in 25minutes. Activity Pub is too18400:12:02,490 --> 00:12:05,130complicated. I couldn't figureit out. I really love what18500:12:05,130 --> 00:12:07,950fountain is doing. Let's justuse booster Graham's for18600:12:07,950 --> 00:12:13,650comments. And apparentlyFountain has implemented this.18700:12:13,650 --> 00:12:18,930I'm not sure. I haven't seen ityet. Yeah. Okay. I take his18800:12:18,960 --> 00:12:24,030issue with this for a couple ofreasons. One, it's very rude to18900:12:24,030 --> 00:12:27,630just say, Hey, I'm we're doingit this way when people have19000:12:27,630 --> 00:12:32,370been working for a year and ahalf on creating this system.19100:12:33,420 --> 00:12:36,660Now that's neither here northere. But it brings into play19200:12:36,660 --> 00:12:39,690things that we've discussed manytimes. And I thought we had some19300:12:39,690 --> 00:12:47,010consensus on which is paying forcomments is kind of uncool.19400:12:47,820 --> 00:12:50,640Particularly if it's being soldas Hey, you'll make some extra19500:12:50,640 --> 00:12:55,650money with this. Which brings meto two other points one, well,19600:12:55,650 --> 00:12:59,640the technical one we'll get toin a second, my personal belief19700:12:59,640 --> 00:13:03,090is, you have now hijackedsomething that can actually make19800:13:03,090 --> 00:13:08,070people money and turned into acheap horse for comments. And19900:13:08,070 --> 00:13:11,460it's a bad idea, because valuefor value is something very20000:13:11,460 --> 00:13:15,330specific. And very few peoplehave actually tried to do the20100:13:15,330 --> 00:13:20,790value for value pitch with theiraudience. And it works quite20200:13:20,790 --> 00:13:25,110fine here. People are boostinghundreds of 1000s of sets to us.20300:13:25,470 --> 00:13:28,500But now you've cheapened it downto it's really just a mechanism20400:13:28,500 --> 00:13:32,580to post something and you can do10 sets or five sets. And you're20500:13:32,610 --> 00:13:36,780you're kind of wrecking thewhole idea. Then there's the20600:13:36,780 --> 00:13:40,230technical argument, which we'llhave our guests comment on, as20700:13:40,230 --> 00:13:45,450we have a guest in the boardroomtoday. And that is a part20800:13:45,450 --> 00:13:50,040technical, because jamming stuffinto TLV records is actually a20900:13:50,040 --> 00:13:56,730hack, and everybody knows it,too. And I am in the ROI from21000:13:56,730 --> 00:14:01,290breeze camp on this, that let'sjust leave lightning payment21100:14:01,290 --> 00:14:07,590network. And let's not replacethings like web 3.0 type deal.21200:14:08,520 --> 00:14:11,460Because you're gonna bloatstuff. And I just think it's21300:14:11,760 --> 00:14:14,580it's cleaner to leave. Lightningis a payment network that you21400:14:14,580 --> 00:14:19,410can integrate into everything.And then there's it's not really21500:14:19,410 --> 00:14:24,090decentralized. Chose a whole youknow, for your comment. You21600:14:24,090 --> 00:14:27,330can't moderate your comp commentanymore. There's a whole bunch21700:14:27,330 --> 00:14:30,300of things that we discussed adnauseum going through the spec21800:14:30,300 --> 00:14:34,200for activity pub, that just gotthrown out. And then fountain21900:14:34,200 --> 00:14:38,100implemented this and Cleveland'spromoting it like a fork and it22000:14:38,100 --> 00:14:42,600just, it made me grumpy. It mademe grumpy.22100:14:44,340 --> 00:14:47,940I've got thoughts on that yet.Please see my thoughts or it22200:14:47,940 --> 00:14:54,360doesn't. It doesn't bother me offour. It doesn't bother me for a22300:14:54,360 --> 00:14:59,370couple of reasons. Number one, Idon't think it's really22400:14:59,370 --> 00:15:06,270competitive. With activity pubcomments at all, because22500:15:06,810 --> 00:15:14,460activity Pub is, is just thelanguage, that is the language22600:15:14,460 --> 00:15:20,910of a chat system, or a messagingsystem that already has wide22700:15:20,910 --> 00:15:26,610extensive reach. So, an activityPub is still going to be the22800:15:26,610 --> 00:15:31,020focus for what most ofcommenting across cross app22900:15:31,020 --> 00:15:38,790comments, do. I think thelightning side of things. Um,23000:15:38,820 --> 00:15:44,160except I'm accepting of it forthis reason. I think it's, it's23100:15:44,160 --> 00:15:49,770going to be limited enough. Thatwhat what you're going to see,23200:15:50,730 --> 00:15:53,130let me let me try to explainthis when we come in from23300:15:53,130 --> 00:15:57,510different angle. The, there's,we know that when it comes to23400:15:57,900 --> 00:16:01,980message quality, and that'ssubjective, I understand that.23500:16:01,980 --> 00:16:06,360But I think there are some, somegeneral, you know, things we can23600:16:06,360 --> 00:16:08,970all agree on about what's whatis spam, what's a high quality23700:16:08,970 --> 00:16:12,270message, what's not, when itcomes to quality message23800:16:12,270 --> 00:16:16,260quality, there are like they'resort of layers. I mean, you have23900:16:17,640 --> 00:16:22,140the sort of bargain basement,which is, which is email sends24000:16:22,140 --> 00:16:28,200out a bazillion trillions ofspam messages a day. It's cheap,24100:16:28,200 --> 00:16:32,460it's easy, it's just a lot ofits garbage, you have Reddit24200:16:32,460 --> 00:16:35,760threads, which again, there'sit's a low friction entry point,24300:16:35,970 --> 00:16:41,250it's it's garbage, or a lot ofit is and you sort of kind of go24400:16:41,280 --> 00:16:46,470up the chain from there. And ifyou go up to activity pub, now24500:16:46,470 --> 00:16:48,900you're talking about, there's alittle bit of, there's some24600:16:48,900 --> 00:16:51,630technical prowess that has toenter into the picture in order24700:16:51,630 --> 00:16:55,290to join the fediverse, orwhatever you want to call it.24800:16:56,640 --> 00:17:00,210Then, as you kind of go up thechain, he could say that24900:17:00,210 --> 00:17:03,480lightning at currently at leastis sort of at the beginning at25000:17:03,480 --> 00:17:06,870the top of that chain, forservices for message quality,25100:17:06,870 --> 00:17:12,240because it requires a lot oftechnical entry, a lot of25200:17:12,240 --> 00:17:17,700technical expertise to get intoit. And so I'm think I think25300:17:17,700 --> 00:17:23,460they stand at different layersin the in the pile there. And25400:17:24,060 --> 00:17:30,450activity Pub is, is always goingto be the more the broader25500:17:30,450 --> 00:17:37,230thing. Light lightning is athing that I'm okay with25600:17:37,230 --> 00:17:41,940existing for lightning comments.As long as everybody understands25700:17:41,940 --> 00:17:45,270that there are big drawbacks.And I think everybody after,25800:17:45,270 --> 00:17:47,730like after the dev meeting, Ithink everybody understands what25900:17:47,730 --> 00:17:51,570those drawbacks are. So Alexentered into the conversation26000:17:52,470 --> 00:17:56,400and said, he made this exactpoint, he said, you know, hey,26100:17:57,060 --> 00:17:59,190it's important that everybodyremembers, there's some big,26200:17:59,310 --> 00:18:02,610there's some big issues here.It's not necessarily that you26300:18:02,610 --> 00:18:07,770have to pay, although that is,you know, that is a thing. But26400:18:07,920 --> 00:18:12,690also, there are problems withTLVs. Exactly, like you just26500:18:12,690 --> 00:18:17,370said, it's not unlimited insize. It's, it's got a cost to26600:18:17,370 --> 00:18:20,910the network. There's also theproblem with authentication and26700:18:20,910 --> 00:18:24,660identity verification, you don'tknow who sent you this message,26800:18:24,690 --> 00:18:27,660and you can't verify itcurrently. So that's something26900:18:27,660 --> 00:18:30,390that's going to have to beworked on. And actually,27000:18:30,900 --> 00:18:33,840offline, Alex and I werethrowing around some ideas on27100:18:33,840 --> 00:18:36,480how to solve that problem. Thisjust this past week.27200:18:36,569 --> 00:18:39,809Okay, so I missed an entire devmeeting where this did come up.27300:18:40,140 --> 00:18:43,890Yes, it definitely did come up.It definitely did come. And, um,27400:18:43,980 --> 00:18:48,600I think that it's good. Thatthat's, you know, I think I27500:18:48,600 --> 00:18:52,260think James is complaining aboutthe complexity of activity. Yes.27600:18:52,260 --> 00:18:56,220Yeah. That late, late in thegame? Because yeah, he's not27700:18:56,250 --> 00:19:00,780he's not even using thread capyet, which is John's Barlow.27800:19:01,169 --> 00:19:06,779Also, I wanted to say one thing,because I do. Here's what here's27900:19:06,779 --> 00:19:11,609what I appreciate about thiswhole situation. We have users28000:19:11,609 --> 00:19:16,109who are using something. And ifanything, we're bad at listening28100:19:16,109 --> 00:19:20,729to users. And those users can beusers who use apps and enjoy28200:19:20,729 --> 00:19:28,379podcasts or podcasters. So whenI see this, I'm very cognizant28300:19:28,379 --> 00:19:32,399that hey, here's a user doingsomething on his on his or her28400:19:32,399 --> 00:19:37,649own accord. We need to payattention to that. So So while I28500:19:37,649 --> 00:19:41,009don't like it, I feel it's veryimportant that we discuss it. So28600:19:41,009 --> 00:19:43,619I'm glad that this came up and Iguess there's some kind of28700:19:43,619 --> 00:19:47,729consensus Oh, we are getting aboost to grams by the way, but28800:19:47,729 --> 00:19:53,339only from only from breeze. Ithink. I've asked him to take a28900:19:53,339 --> 00:19:56,189look but I think that the LNPstuff just locks up when too29000:19:56,189 --> 00:20:01,289many people are trying to send Idon't mean to shut Yeah, I have29100:20:01,289 --> 00:20:06,809nothing. I have nothing fromElon pay. Anyway, from the29200:20:06,809 --> 00:20:11,219technical side, I can tell youthat there's going to be a lot29300:20:11,219 --> 00:20:15,929of jihad about doing this in toV's but we already have that a29400:20:15,929 --> 00:20:16,499little bit.29500:20:17,820 --> 00:20:21,090Yeah, I mean, we've we've webroke that. We broke that brain29600:20:21,090 --> 00:20:27,840a long time ago. Well, the thingabout the thing about the Well,29700:20:27,840 --> 00:20:31,110the thing about lightning, itcomments is people just have to29800:20:31,290 --> 00:20:35,310have to understand that that'snever let me take away the word29900:20:35,310 --> 00:20:40,500never. That is that is a muchharder barrier to entry over30000:20:40,500 --> 00:20:45,210activity pub. And for that onereason alone. It's not going to30100:20:45,210 --> 00:20:50,040be is as wildly popular. Like,it's just too it's just too30200:20:50,040 --> 00:20:55,590difficult. So how, let's saylet's just pick RSS comm. If30300:20:55,590 --> 00:20:59,400they want to sport cross appcommenting route posts for all30400:20:59,400 --> 00:21:02,160their podcasters out of the box,there's no way they're going to30500:21:02,160 --> 00:21:06,360do it through lightning. No,they can't. And so the activity30600:21:06,360 --> 00:21:11,940Pub is the way to go for that.Now, if James uses, if he starts30700:21:11,940 --> 00:21:17,790using thread cap, JohnSpurlock's latest thing it, it,30800:21:17,940 --> 00:21:22,890D obfuscates as he sees me itobfuscates all of this, you just30900:21:22,890 --> 00:21:27,510basically point it at a at asocial interact tag URL, and it31000:21:27,510 --> 00:21:30,030literally just sucks the entirething out. It doesn't matter if31100:21:30,030 --> 00:21:33,120it's in Twitter and lightningcomments or activity pub or any31200:21:33,120 --> 00:21:36,180of that stuff. Like it's deadsimple.31300:21:36,210 --> 00:21:38,250Why don't we bring in our guestssince we've been yapping31400:21:38,250 --> 00:21:40,350together for 20 minutes quiterudely?31500:21:40,529 --> 00:21:41,999No, we have a guest Yes.31600:21:43,050 --> 00:21:47,070We do have a guest from anundisclosed location. Ladies and31700:21:47,070 --> 00:21:49,530gentlemen, no one knows what itlooks like. But he is famous31800:21:49,530 --> 00:21:52,350everywhere on the interwebsplease welcome the one and only31900:21:52,350 --> 00:21:54,510dare GG Hey,32000:21:54,510 --> 00:21:56,490guys. Thanks for having me to do32100:21:56,520 --> 00:21:59,760a little more enthusiasm thislike always like we're all hyped32200:21:59,760 --> 00:22:04,020up like Hey, guys, the MaskedSinger here Come on, man.32300:22:04,320 --> 00:22:08,040It's a little disconcertingsitting across the boardroom32400:22:08,040 --> 00:22:10,470table from thrive from math.32500:22:10,799 --> 00:22:14,159Yes, it's very hot in the suit.So it's very hard to32600:22:16,470 --> 00:22:17,280green suit.32700:22:17,309 --> 00:22:18,959Yes. Yeah, exactly.32800:22:19,170 --> 00:22:25,560Gigi, you are you are a legendon the internet. Certainly well32900:22:25,560 --> 00:22:30,150known for your writing. Wellknown for your your Bitcoin33000:22:30,150 --> 00:22:33,300maximalism. Would you? Like? Howwould you describe yourself to33100:22:33,300 --> 00:22:36,300introduce yourself? To theuninitiated?33200:22:36,630 --> 00:22:39,600Yeah, I'm probably bestdescribed as a Bitcoin on.33300:22:40,170 --> 00:22:44,160That's how I would classifymyself. I don't necessarily33400:22:44,160 --> 00:22:47,910agree with the, you know, liketoxic maximalists label and so33500:22:47,910 --> 00:22:51,990on. It's, it's something thatwas adopted by Bitcoiners. Over33600:22:51,990 --> 00:22:55,920time, but it started from, fromthe shit coin crowd, you know,33700:22:55,920 --> 00:23:02,160it was used as an insult almost.But anyway, I actually I, I33800:23:02,160 --> 00:23:06,450would like to kind of, say oneor two things about common33900:23:06,450 --> 00:23:10,590issues and so on. Yes, because Iagree with a lot of what you34000:23:10,590 --> 00:23:13,800said the day, but it's, it'sobvious that those kinds of34100:23:13,800 --> 00:23:17,670systems always run into the sameissues. And two of the things34200:23:17,700 --> 00:23:21,720you already mentioned, it'slike, do you want to have spam34300:23:21,720 --> 00:23:24,450protection? And if you have spamprotection, how do you do this?34400:23:24,480 --> 00:23:27,210And there are two ways to solvethis problem, kind of one of34500:23:27,210 --> 00:23:30,720them is like, make make peoplepay for it. So that you get rid34600:23:30,720 --> 00:23:34,320of like the spam farms, millionsof comments, because it was34700:23:34,320 --> 00:23:37,590just, you know, like, it's aneconomic problem, almost. It's34800:23:37,590 --> 00:23:41,070like, what is your return oninvestment wish to spam. And if34900:23:41,070 --> 00:23:44,820you with every comment, if itcosts like a fraction of a35000:23:44,820 --> 00:23:48,390penny, then, you know, like you,you might kill all the spam35100:23:48,390 --> 00:23:52,170farms and the spam bots and thebot armies immediately. And it's35200:23:52,170 --> 00:23:54,780also related to identity, as youmentioned, you know, like you35300:23:54,810 --> 00:24:00,000you want to have system, thisresistance to civil attacks, you35400:24:00,000 --> 00:24:03,720don't want to have like, andwhat Adam just mentioned, you35500:24:03,720 --> 00:24:05,700know, you want to have somemoderation, maybe, you know, it35600:24:05,700 --> 00:24:08,190depends on, like, how you howyou want to play this, and if35700:24:08,190 --> 00:24:13,260you have moderation, it's no useto, you know, delete a comment35800:24:13,290 --> 00:24:16,380by someone or disable anaccount. And it's very, very35900:24:16,380 --> 00:24:19,380easy to spin up like a millionnew accounts, you know, like,36000:24:19,380 --> 00:24:23,070that's, I think, I think thatthe nature of of these systems36100:24:23,370 --> 00:24:27,360is such that you always run intothese problems. And so, I think,36200:24:28,140 --> 00:24:31,980the comment I wanted to make isthat you mentioned that the36300:24:32,130 --> 00:24:36,240barrier to entry to uselightning comments is very high.36400:24:36,450 --> 00:24:42,150And I I kind of agree, but thealternative is to have an36500:24:42,150 --> 00:24:45,660account somewhere, you know,like have some some system that36600:24:45,660 --> 00:24:49,650is permissioned. And you youcreate an account, and then you36700:24:49,650 --> 00:24:53,340have an identity, and then youcan use the comment system, you36800:24:53,340 --> 00:24:57,060know, and lightning kind ofsolves this in a roundabout way,36900:24:57,060 --> 00:25:00,870so to speak, where your identityis tied to Your lightning wallet37000:25:00,900 --> 00:25:05,040and you pay for the comment,which is kind of one kind of37100:25:05,040 --> 00:25:07,830spam protection. So I'm just I'mjust trying to say, you know,37200:25:07,860 --> 00:25:10,140like, it's it's trade offs allthe way down. And I don't think37300:25:10,140 --> 00:25:11,640there is a one size fits allsolution.37400:25:12,750 --> 00:25:17,400Yeah. And I think that thebarrier, the barrier to entry37500:25:17,400 --> 00:25:23,160thing is going to lessen overtime. But I am skeptical that37600:25:23,700 --> 00:25:27,870the, because you hear this alot, you hear that? Or not a37700:25:27,870 --> 00:25:31,080lot, maybe that you hear that,if you have to pay for comments37800:25:31,350 --> 00:25:35,190that you get a higher quality.And I, I agree with that from a37900:25:35,190 --> 00:25:38,910spam farm perspective, where youhave just massive amounts of38000:25:38,910 --> 00:25:42,780Viagra spam going out into theworld. But there's another layer38100:25:42,810 --> 00:25:46,020of sort of low qualitycommenting that doesn't really38200:25:46,020 --> 00:25:49,350get dealt with when it comes tothat. And that's just sort of38300:25:49,350 --> 00:25:53,790troll type comments. Because if,if a comment only calls you one38400:25:53,790 --> 00:25:56,280sad, it's really not a bear. Youknow,38500:25:56,339 --> 00:26:01,379if you recall here, the waysphinx chat does it, which I was38600:26:01,379 --> 00:26:06,569always enamored by, is they hada staking system. So it would be38700:26:06,569 --> 00:26:12,809like you would for each comment,you would stake 100 SATs. And38800:26:12,809 --> 00:26:16,409after several hours that 100SATs would come back, if you38900:26:16,409 --> 00:26:18,479turned out to be a spammer thenyou would lose it.39000:26:19,680 --> 00:26:22,590Yeah, yeah, that's it. That's aninteresting. Yeah, like,39100:26:22,679 --> 00:26:25,889that was a little that was alittle different than than just39200:26:25,889 --> 00:26:29,249paying for something. Yes, asmall amount?39300:26:30,599 --> 00:26:34,919Well, that, you know, when itcomes to this, you know, the39400:26:34,919 --> 00:26:38,489challenge we've had the lastreally few weeks. And this is39500:26:38,489 --> 00:26:43,559another barrier to entry is. Andit's a little bit off topic. But39600:26:43,739 --> 00:26:47,789is, is getting people up andrunning with lightning. Me39700:26:47,819 --> 00:26:53,039because what we want, obviously,you know, all of us want is39800:26:53,069 --> 00:26:57,179people to have their own keys.Yeah, we want noncustodial we39900:26:57,179 --> 00:27:01,259want people to have their ownkeys. The the good solution for40000:27:01,259 --> 00:27:04,919that is something like anUmbral. But lately that has been40100:27:04,919 --> 00:27:10,199a real challenge did the tourthat Tor network is not holding40200:27:10,199 --> 00:27:14,879up, it's into the bargain onthis old thing. It is these40300:27:14,879 --> 00:27:18,239these Tor channels are fallingdown. They're unreliable, like40400:27:18,239 --> 00:27:21,959it's it's taking, you know, daysand days just to get somebody40500:27:21,959 --> 00:27:24,749with a number up and running,where they can receive where40600:27:24,749 --> 00:27:25,979they can receive payments.40700:27:26,069 --> 00:27:30,149And I will and I wonder if thisis, it seems like and Gigi,40800:27:30,149 --> 00:27:33,059maybe you have some view onthis, but it seems like channel40900:27:33,059 --> 00:27:37,049opens? They're either good or oryou're going to wait and you may41000:27:37,049 --> 00:27:40,379have to wait a long time andthen the graph doesn't get41100:27:40,379 --> 00:27:43,589updated. Something's failingsomewhere. And it may be LMD.41200:27:43,589 --> 00:27:47,039related. I don't know. Yeah,41300:27:48,150 --> 00:27:54,750I don't think we have todifferentiate. I'm sorry, I41400:27:54,750 --> 00:27:58,050think I might have a little bitof a lag. But I think we have to41500:27:58,050 --> 00:28:01,920differentiate between multiplethings. Because as you pointed41600:28:01,920 --> 00:28:06,930out, we want users to hold theirown keys, which means that they41700:28:06,930 --> 00:28:11,010have noncustodial access to thefunds. Because as we can observe41800:28:11,010 --> 00:28:13,500what's currently happening inthe world, everyone is getting D41900:28:13,500 --> 00:28:17,310platformed. Users, companies,whole country countries, baby42000:28:17,310 --> 00:28:22,290whole countries. In the monitor,yeah, there you go. And being D42100:28:22,290 --> 00:28:27,270platformed. In a in a monetarysense. It's like an existential42200:28:27,270 --> 00:28:30,870threat. And we obviously want tomove away from that. And I think42300:28:30,900 --> 00:28:33,630all of that is related, youknow, like you, if you want to42400:28:33,630 --> 00:28:37,590be censorship resistant, itmeans that you kind of have to42500:28:37,590 --> 00:28:39,960adopt the responsibility ofdoing it yourself and42600:28:39,960 --> 00:28:42,780withholding your keys. That'skind of easy, you know, like you42700:28:42,780 --> 00:28:45,180write down 12 words in theBitcoin world and, and that's42800:28:45,180 --> 00:28:48,600it. With running your own node,it's already a bit more of a42900:28:48,600 --> 00:28:51,120hassle. And this is where Emberumbrella comes in, you know,43000:28:51,120 --> 00:28:55,110umbrella makes this way, wayeasier than it was before. And43100:28:55,110 --> 00:28:58,290other full node solutions, likerecipe Blitz, and others exist43200:28:58,290 --> 00:29:02,040as well. So I think we're on agood path there of making this43300:29:02,580 --> 00:29:05,940easier for people to kind ofhost their own critical43400:29:05,940 --> 00:29:10,320infrastructure. But the problemcurrently with lightning is that43500:29:10,500 --> 00:29:14,370managing channels and managingliquidity is a big challenge43600:29:14,370 --> 00:29:18,360still, because lightning is soyoung, and we as like, technical43700:29:18,390 --> 00:29:20,340community, we still have tofigure out how to do this43800:29:20,340 --> 00:29:23,370properly. And again, like thisis not it's not only about43900:29:23,370 --> 00:29:26,280solving technical problems,these are also economic problems44000:29:26,280 --> 00:29:29,760and this is why currentlylightning service providers and44100:29:29,760 --> 00:29:34,110those kinds of service basedsolutions are popping up where44200:29:35,010 --> 00:29:39,120just like with internet serviceproviders, you don't have to44300:29:39,360 --> 00:29:42,960take care about a lot of the youknow nitty gritty technical44400:29:42,960 --> 00:29:48,030details, but you can just usesomeone else's service to to44500:29:48,030 --> 00:29:51,060access lightning so to speak, orto access liquidity but this44600:29:51,060 --> 00:29:54,420again, you know, like it all. Italways comes down to the same44700:29:54,420 --> 00:29:59,010issue. Once you rely on a on anexternal service. You have a44800:29:59,010 --> 00:30:03,030trusted third party that Yeah,can interfere with the things44900:30:03,030 --> 00:30:03,540you want to do.45000:30:03,839 --> 00:30:07,949Yeah, I think so. Let me sort ofgo sideways here for a second.45100:30:08,129 --> 00:30:12,539The, the idea you brought up,you know, sort of toxic this45200:30:12,569 --> 00:30:18,239Bitcoin maximalism, and I wantto talk about that idea for a45300:30:18,239 --> 00:30:21,839while, but you know, in a kindof want to start in a specific45400:30:21,839 --> 00:30:28,019way, the there is somethingthat, that we've been thinking45500:30:28,019 --> 00:30:30,689and talking about, and I say, weare talking about me, me and45600:30:30,689 --> 00:30:34,409Alex, we've kind of been goingback and forth on this on text45700:30:34,409 --> 00:30:40,319message and stuff. Is there.There's this notion of, clearly45800:30:40,319 --> 00:30:45,419bitcoin is, is in the lead, soto speak, like it is, it's the45900:30:45,419 --> 00:30:49,379only thing the way I see it. Andthe way I think many many people46000:30:49,379 --> 00:30:53,759see it within within halls ofpower even is that it it is the46100:30:53,759 --> 00:30:59,189thing, it is the digitalcurrency, or the digital crypto46200:30:59,249 --> 00:31:04,859crypto coin, so to speak, thatmost closely look resembles46300:31:04,859 --> 00:31:08,879money. You look at other thingslike Aetherium and other46400:31:08,879 --> 00:31:12,509blockchain based you know,coins, shit coins, all coins,46500:31:12,509 --> 00:31:14,579whatever gonna call them, youlook at those things, and they46600:31:14,579 --> 00:31:18,539don't, they have function, theyhave utility, they, they may be46700:31:18,539 --> 00:31:21,719good at distributed apps, theymay be good at do, they may be46800:31:21,719 --> 00:31:26,369good at things, but they're not.They don't have the the46900:31:26,369 --> 00:31:29,699properties that we closelyassociate with what a money is.47000:31:30,209 --> 00:31:34,049So for that, for thatstandpoint, Bitcoin is clearly47100:31:34,049 --> 00:31:39,329in the lead when it comes to apossible digital accepted47200:31:39,329 --> 00:31:42,959digital currency. And I think weall hope that it gets to that47300:31:42,959 --> 00:31:49,949point. But then in order to getthere, there's some things that47400:31:49,949 --> 00:31:53,189seem to have to happen. Andthose are the things that give47500:31:53,189 --> 00:31:57,329you a little bit of unease. LikeI expressed it to Alex last47600:31:57,329 --> 00:32:01,259night, I said, Well, you know, Ioften have this sort of Darwin's47700:32:01,259 --> 00:32:05,429dilemma where I think in theback of my mind you know, this47800:32:05,429 --> 00:32:08,639is fantastic that we're gonnaget this you know, it looks like47900:32:08,639 --> 00:32:12,389a real possibility that we couldget an accept Bitcoin accepted48000:32:12,389 --> 00:32:16,439in the halls of governmentaround the world as an as as48100:32:16,439 --> 00:32:19,949valid programmable money. Butthen at the same time, I think48200:32:19,949 --> 00:32:22,559back and I'm like, well, inorder to get there are we going48300:32:22,559 --> 00:32:26,249to have to do things like, likewasabi wallet is having to do48400:32:26,249 --> 00:32:30,839right now, which is distancingitself start filtering UTX O's48500:32:31,109 --> 00:32:34,649distancing itself from from,from anything that looks like48600:32:34,649 --> 00:32:38,099criminal activity. And in theprocess, what we've done is48700:32:38,099 --> 00:32:43,919we've, we've unwittingly usheredin the era of the cashless48800:32:43,919 --> 00:32:49,469society and the currencysurveillance state. Like do you48900:32:49,469 --> 00:32:50,579have any thoughts on that?49000:32:52,529 --> 00:32:54,899I have a lot of thoughts onthat. I know for49100:32:58,319 --> 00:33:01,439us the wasabi here for a lot ofpeople out you know, it really49200:33:01,439 --> 00:33:01,679did49300:33:01,740 --> 00:33:05,010I don't know I don't know whatit was I understand what unspent49400:33:05,070 --> 00:33:08,940UTX owes are but what whatexactly was wasabi doing?49500:33:08,940 --> 00:33:12,750Because I missed that. You go,you go.49600:33:14,400 --> 00:33:17,460Alright, yeah, go for it. Okay,I just Just for the record, you49700:33:17,460 --> 00:33:20,580know, here I thought we weregoing to talk about the freedom49800:33:20,580 --> 00:33:23,010of value and the value for valueof the of the chairs but the end49900:33:23,010 --> 00:33:27,450game to talk about VidConmaximalism coin join wasabi50000:33:27,450 --> 00:33:32,700stuff and so on, like, but it'sokay, let me start out with50100:33:32,700 --> 00:33:36,330saying that all of it is verykind of complicated, because50200:33:36,330 --> 00:33:39,690Bitcoin and especially Bitcoinprivacy is complicated. So,50300:33:39,870 --> 00:33:44,340alright. Bitcoin, as everyoneshould know, is nothing but a50400:33:44,370 --> 00:33:47,310public ledger, you know, likeit's a list of transactions and50500:33:47,310 --> 00:33:50,550everyone can look at them andverify them. This is also why50600:33:50,550 --> 00:33:53,790Bitcoin is so important becauseit's transparent, and you can,50700:33:54,510 --> 00:33:58,800it all kind of relates to eachother. It's like this, this50800:33:58,800 --> 00:34:03,390Gordian knot of multiple thingsand also the verification part50900:34:03,390 --> 00:34:08,850that the fact that you can run aBitcoin node, it all it all is51000:34:08,850 --> 00:34:12,180required to have this fixedlimit of 21 million and I think,51100:34:12,210 --> 00:34:16,470you know, I know I will go nowon a long tangent, but I think51200:34:16,470 --> 00:34:20,400all of this is very important.So the idea of Bitcoin is to51300:34:20,400 --> 00:34:23,910separate money from state andday if you just mentioned that.51400:34:24,960 --> 00:34:27,840Bitcoin, it's great that youknow, Bitcoin might get51500:34:27,840 --> 00:34:30,330government acceptance and so on.The point is, bitcoin does need51600:34:30,330 --> 00:34:33,660government acceptance, Bitcoinworks, whether it is accepted by51700:34:33,960 --> 00:34:36,930governments or not, you can useBitcoin right now. And so,51800:34:37,470 --> 00:34:41,430essentially, Bitcoin is graymarket, black market money if51900:34:41,430 --> 00:34:43,740Bitcoin doesn't work on theblack market, Bitcoin doesn't52000:34:43,740 --> 00:34:46,050work at all. That's that's thewhole idea. The problem has52100:34:46,050 --> 00:34:49,800become privacy's, that it's acompletely transparent ledger.52200:34:49,830 --> 00:34:55,290So if your activity on theBitcoin network can be related52300:34:55,290 --> 00:34:58,650to your real identity, then youcan also be tracked there are52400:34:58,650 --> 00:35:01,740ways to circumvent this you canand think about it a little bit52500:35:01,980 --> 00:35:05,550like encryption, even thoughlike that analogy breaks down52600:35:05,550 --> 00:35:11,820really quickly, but it's like,if you, if you enter into an52700:35:11,820 --> 00:35:15,270encrypted communication withsomeone, even though other52800:35:15,270 --> 00:35:18,600people can see that thisencrypted messages are sent back52900:35:18,600 --> 00:35:20,940and forth, they cannot readthem, you know, like, that's53000:35:20,940 --> 00:35:22,320it's an it's, it's,53100:35:22,529 --> 00:35:25,889they can still follow the trail,which is exactly what NSA does53200:35:25,889 --> 00:35:28,079just follow, follow who'sconnected to who,53300:35:28,919 --> 00:35:32,279right, that is true, like you,you can still have some access53400:35:32,279 --> 00:35:36,749to metadata and so on, like, allof that is true. But in Bitcoin,53500:35:36,749 --> 00:35:42,599it's like, you can, you can makeuse of certain technique, which53600:35:42,599 --> 00:35:45,689is, which is usually calledcontracts, I like to refer to53700:35:45,689 --> 00:35:47,729them as collaborativetransactions, because that's53800:35:47,729 --> 00:35:51,209what they are. So you cometogether, usually when you do a53900:35:51,209 --> 00:35:53,879Bitcoin transaction, and nowwe're going to get technical,54000:35:54,059 --> 00:35:58,019all your inputs are controlledby the same party. So Bitcoin54100:35:58,019 --> 00:36:02,669has this ut EXO system, again,it comes back to two, validation54200:36:02,669 --> 00:36:07,589and verification. So the wholeBitcoin network, since the first54300:36:07,589 --> 00:36:10,859block, since block zero, sincethe Genesis block, you can54400:36:10,859 --> 00:36:13,619analyze, and it's basically thisbig tree, you know, like, it's54500:36:13,619 --> 00:36:17,099like a big tree structure. Andevery single Bitcoin transaction54600:36:17,099 --> 00:36:21,959creates like a new branch. Andwe call the leaves of these54700:36:21,959 --> 00:36:25,079branches, UTX O is short forunspent transaction outputs. So54800:36:25,079 --> 00:36:27,389it is it is basically the moneyin your pocket, the money that54900:36:27,389 --> 00:36:31,409you have not spent yet, and theBitcoin leaves a trail of all55000:36:31,409 --> 00:36:33,989the spendings. So you can seewhere the money went. And this55100:36:33,989 --> 00:36:39,119is terribly important, becauseyou have to make sure that there55200:36:39,119 --> 00:36:42,629are not more than 21 millionbitcoins in existence, you're55300:36:42,629 --> 00:36:46,199not like this, all of it hangstogether. So so this is the root55400:36:46,199 --> 00:36:48,929of the problem, kind of,alright, so what do you do in55500:36:48,929 --> 00:36:51,089this transparent system, youcome together, and you create a55600:36:51,089 --> 00:36:55,409collaborative transaction. Andthis, you can, you can,55700:36:55,559 --> 00:36:58,739basically, and okay, take thisanalogy with a large grain of55800:36:58,739 --> 00:37:02,819salt, but it's, it's basically,let's say, you all have a $155900:37:02,819 --> 00:37:06,299bill. And let's say magically,you can trace these these $156000:37:06,299 --> 00:37:12,599bills. And, and so you all cometogether, and you throw the $156100:37:12,599 --> 00:37:16,529bills into a big pot, andeveryone knows that I threw a $156200:37:16,529 --> 00:37:18,929bill in, and you take outanother $1 Bill, that's56300:37:18,929 --> 00:37:24,059basically a contract. So you allcome together, and you, you, you56400:37:24,059 --> 00:37:27,749smelt the UTX O's together, andyou get the same back more or56500:37:27,749 --> 00:37:32,969less minus a fee. And then your,your past the past few bitcoin56600:37:32,969 --> 00:37:36,389is cleared. It's very much likecleaning your browser history56700:37:36,389 --> 00:37:38,579basically, like if you want tothink about it in a really56800:37:38,579 --> 00:37:44,489stupid way. Alright. So wasabi,and another big implementation56900:37:44,489 --> 00:37:48,119summarize, what they offer islike a coordination service. So57000:37:48,119 --> 00:37:52,679it's not, it's not a they'rethey're not the money57100:37:52,679 --> 00:37:57,119transmitter. Because coin join.Creating a coin is not an57200:37:57,119 --> 00:37:59,729economic problem. It's like acoordination problem. You have57300:37:59,729 --> 00:38:02,369to bring people together thatwant to do this and want to57400:38:02,369 --> 00:38:04,139create this collaborativetransactions.57500:38:04,200 --> 00:38:06,780It's like, it's likecoordinating a ring of fire.57600:38:08,070 --> 00:38:13,860Yeah, exactly. Yeah. And, andthat's why Lightning Network57700:38:13,860 --> 00:38:16,350plus, or whatever it's calledsites like this exists, where57800:38:16,350 --> 00:38:18,990you can, you can announce thatyou want to create a ring of57900:38:18,990 --> 00:38:23,610fire, and it should have fiveparticipants, and these are the58000:38:23,610 --> 00:38:26,460conditions and so on. Andeveryone signs up and says,58100:38:26,460 --> 00:38:28,890Yeah, I want to participate. Andonce everyone is together, you58200:38:28,890 --> 00:38:34,560can do it. And that's it. And,like, we had legal precedents of58300:38:34,560 --> 00:38:36,810those kinds of issues, it's verymuch like the Pirate Bay is not58400:38:36,810 --> 00:38:40,080the final cost, you know, like,it's just linking to other58500:38:40,080 --> 00:38:45,510things. And this is relevant,because wasabi, and samurai are58600:38:45,510 --> 00:38:49,170centralized coordinators. Sothey are coordinating coin join58700:38:49,170 --> 00:38:53,700rounds, but they're, they're nottouching any money ever. And58800:38:53,730 --> 00:38:59,010currently, especially in theEuropean Union, and in other58900:38:59,010 --> 00:39:01,530countries, as well. But thereare regulations being worked out59000:39:01,560 --> 00:39:05,310that want to kind of classifyall kinds of things as money59100:39:05,310 --> 00:39:08,070transmitters that want toimpose, right, there's your59200:39:08,070 --> 00:39:12,810proper KYC and AML laws on thosekinds of services. You know,59300:39:12,870 --> 00:39:16,290it's, it's, it's like you forgotto pick another example. You can59400:39:16,290 --> 00:39:19,140do conjoint coordination on anIRC server, you know, like, you59500:39:19,140 --> 00:39:21,750can automate this and you justpost messages to an IRC server.59600:39:22,020 --> 00:39:26,040And it's the same, it's the samething. And so what, what59700:39:26,040 --> 00:39:29,880governments want to do is like,outlaw these kinds of messages59800:39:29,880 --> 00:39:32,850and outlaw these kinds ofcoordinations and wasabi59900:39:32,880 --> 00:39:37,230preemptively said, okay, like,this regulation is coming, it's60000:39:37,230 --> 00:39:43,260inevitable. And thus we, we aregoing to start working with coin60100:39:43,740 --> 00:39:45,810with chain surveillancecompanies, and we're gonna60200:39:46,230 --> 00:39:49,290Indian censor transactions andso on. And I think this is60300:39:49,350 --> 00:39:52,080terrible. And it's such aterrible precedent. And again,60400:39:52,110 --> 00:39:55,650talking of precedents, we we hadthis before it was with Lavabit.60500:39:55,650 --> 00:40:00,000And that was Edward Snowden, youknow, like, lava bits just over60600:40:00,000 --> 00:40:02,130Email services that areencrypted and the government60700:40:02,130 --> 00:40:07,020came knocking, and Lavabit did Ithink the ethical correct thing60800:40:08,490 --> 00:40:11,130and deleted all the records, andin my opinion, wasabi should60900:40:11,130 --> 00:40:13,440have done the same. But weshould also differentiate61000:40:13,440 --> 00:40:16,230between wasabi, the company andwasabi, the implementation61100:40:16,230 --> 00:40:19,020because wasabi is open sourcesoftware, and you can spin up61200:40:19,020 --> 00:40:24,390your own coordination serviceand your own coordinator and set61300:40:24,480 --> 00:40:27,810the coordinator of your wasabiservice to something else. And61400:40:27,810 --> 00:40:30,480then everything just worksagain, so to speak, you know,61500:40:30,630 --> 00:40:33,150it's very much like, you know,you can just hop to a different61600:40:33,150 --> 00:40:40,110IRC server, and you're stillgood to go. But it's, it's this61700:40:40,110 --> 00:40:44,700is the whole wasabi story. Andit's it's like, I don't know how61800:40:44,700 --> 00:40:49,740deep we want to go into this. Ithink privacy eventually is,61900:40:50,040 --> 00:40:52,710yeah, we don't have to go TBD. Ireally just wanted to kind of62000:40:52,710 --> 00:40:55,980sit. Like that's a goodexplanation for everybody.62100:40:55,980 --> 00:40:59,760Because I think that that thatis something came to hit to a62200:40:59,760 --> 00:41:02,850head in my mind about this wholething when when I was thinking62300:41:02,850 --> 00:41:08,910about it, there's sort of whatBitcoin maximalism really is and62400:41:08,940 --> 00:41:14,310whether or not it's prepared tohave this discussion of because62500:41:14,310 --> 00:41:16,920there's there's Bitcoinmaximalists out there, quote62600:41:16,920 --> 00:41:24,000unquote, that are that do theirwhole goal is not to get62700:41:24,210 --> 00:41:27,990government acceptance of Bitcoinas currency. And then there's62800:41:28,110 --> 00:41:31,530the same people claiming to beBitcoin maximalist, who that is62900:41:31,530 --> 00:41:34,890what they passionately careabout. And those two things63000:41:34,890 --> 00:41:36,960don't seem to mix to me.63100:41:38,160 --> 00:41:41,700Well, well, let me put it likethis. Okay. I think we all agree63200:41:41,700 --> 00:41:45,030the Internet is a good thing.And free exchange of information63300:41:45,030 --> 00:41:51,120is a good thing, right? Yeah. Sowhat this is about is, like the63400:41:51,120 --> 00:41:53,490internet works, whethergovernments wanted to work or63500:41:53,490 --> 00:41:56,670not, okay, like you can, you canbuild an internet for yourself,63600:41:56,670 --> 00:41:58,800you take two computers, and younetwork them together. And if it63700:41:58,800 --> 00:42:00,960gets big enough, you basicallyhave an internet, right? Like,63800:42:00,960 --> 00:42:03,720that's the whole idea is to haveone network on standard63900:42:03,720 --> 00:42:06,180protocols that just worktogether. It's like a language,64000:42:06,180 --> 00:42:07,950you know, and when two peoplemeet and speak the same64100:42:07,950 --> 00:42:10,560language, that's where theEnglish languages, you know,64200:42:10,590 --> 00:42:13,800with the internet, and TCP IP,and all these protocols that you64300:42:13,800 --> 00:42:16,500Dave know very, very well, iftwo computers, multiple64400:42:16,500 --> 00:42:21,990computers come together, thenthis thing is being brought into64500:42:21,990 --> 00:42:26,130existence, you know, and thething is, do we want to convince64600:42:26,130 --> 00:42:29,400governments that this is a goodthing? And do we want to kind64700:42:29,400 --> 00:42:32,820of, you know, like, do do wewant to outlaw this? Or do we64800:42:32,820 --> 00:42:36,390want to accept this for what itis, and build useful tools for64900:42:36,390 --> 00:42:39,480people? And with Bitcoin? It'sexactly the same thing. You65000:42:39,480 --> 00:42:43,440know, like, do we want to outlawBitcoin and push it underground?65100:42:43,500 --> 00:42:46,590Bitcoin doesn't care, it willstill work, you know, Bitcoin is65200:42:46,620 --> 00:42:48,840dark market, money always hasbeen, you know, it will always65300:42:48,840 --> 00:42:51,450work just like, just like theinternet, you know, like, it's,65400:42:51,690 --> 00:42:56,430it's, it is built uponprinciples that are that are65500:42:56,430 --> 00:43:00,660just kind of eternal principles,you know, like, you cannot shut65600:43:00,660 --> 00:43:03,870down Bitcoin, that's the wholepoint. But it's, I don't think65700:43:03,870 --> 00:43:08,460it's healthy for society to makeBitcoin illegal. Because in the65800:43:08,460 --> 00:43:11,310end, there are a lot of peoplethat don't have access to65900:43:11,310 --> 00:43:16,110finances, and also black, thebig problem that we currently66000:43:16,110 --> 00:43:19,200have is that money is notseparate from the state and the66100:43:19,200 --> 00:43:22,680state willy nilly expense, themonetary supply, and so on. All66200:43:22,680 --> 00:43:25,290of these are kind of separateissues. And Bitcoin kind of66300:43:25,290 --> 00:43:27,990solves them all at once. Andthat's, I think, why Bitcoin is66400:43:27,990 --> 00:43:32,970so terribly important, but Ithink, you know, cheering on El66500:43:32,970 --> 00:43:35,880Salvador, for example, foraccepting bitcoin is legal66600:43:35,880 --> 00:43:40,590tender, is kind of it's, you canthink about it, what, what do66700:43:40,590 --> 00:43:46,290you want? I think, you know, Ithink it's, it's good to see66800:43:46,290 --> 00:43:49,770that some governments at leastsee this for what it is, which66900:43:49,770 --> 00:43:53,310is freedom, money, and theythey're like, Okay, we don't67000:43:53,310 --> 00:43:55,500want to push it on the ground,we don't want to make it67100:43:55,500 --> 00:43:59,010illegal. So let's, let's buildsomething around it, you know,67200:43:59,010 --> 00:44:01,290like this is, it's just like theinternet, you know, like you67300:44:01,290 --> 00:44:05,520have new new business models,new things that you can build on67400:44:05,520 --> 00:44:09,960top that are very valuable forsociety. And that's, that's my67500:44:09,960 --> 00:44:11,190position, at least on this.67600:44:11,610 --> 00:44:16,320So you could say that, thatit's, it really depends on the67700:44:16,320 --> 00:44:20,850situation, because if you couldsay LCL I can feel two different67800:44:20,850 --> 00:44:24,240ways about it. I can say LCLwhen I see El Salvador accept67900:44:24,240 --> 00:44:28,110Bitcoin as as currency as alegal tender, then I can say,68000:44:28,110 --> 00:44:31,560well, that feels good to mebecause Elsa, the El68100:44:31,560 --> 00:44:36,690Salvadorian, people are dealingwith oppressive monetary and68200:44:36,690 --> 00:44:39,750oppressive monetary situationand this gives them some measure68300:44:39,750 --> 00:44:43,110of relief from that. But then Ican also look at something like68400:44:43,200 --> 00:44:49,800the US or the EU, and I can seethem making some sort of nods to68500:44:49,830 --> 00:44:54,360bit you know, Bitcoin as aspotential money in the future.68600:44:54,360 --> 00:44:57,990And that can also freak me outat the same time and say, Well,68700:44:58,080 --> 00:45:01,020what am I going to have to giveup in order to make that happen68800:45:02,580 --> 00:45:06,000how do you mean that I'm notsure I understand what it looked68900:45:06,240 --> 00:45:07,710like what what giving up69000:45:07,949 --> 00:45:10,889like in order to get there arewe going to have to start doing69100:45:10,889 --> 00:45:14,219things like wasabi is doingfiltering UTX O's adhering to69200:45:14,219 --> 00:45:19,349draconian you know regulationsthat get weird, z like you know69300:45:19,349 --> 00:45:22,829in order it's like okay, here'sthe path the pathway to69400:45:23,099 --> 00:45:26,849accepting you know, the Bitcoinas digital currency within the69500:45:26,849 --> 00:45:31,559US could be the pathway couldlook like all of these69600:45:31,949 --> 00:45:35,969oppressive steps and whether youreally want it or not69700:45:36,480 --> 00:45:38,640that's that's not gonna beBitcoin you know there's gonna69800:45:38,640 --> 00:45:42,450be something else and and Ithink that's the important part69900:45:42,480 --> 00:45:47,160that is to be understood inBitcoin. And you you you kind of70000:45:47,850 --> 00:45:50,640halfway asked the questionbefore like what what is bitcoin70100:45:50,640 --> 00:45:54,030maximalism more or you defineBitcoin maximalism for yourself?70200:45:54,150 --> 00:46:00,000I think Bitcoin maximalism is isjust like an economic viewpoint.70300:46:00,030 --> 00:46:04,230It's like a monetary viewpoint.Yeah, it is. It is like who70400:46:04,230 --> 00:46:07,410should be in charge of the moneyprinters. Bitcoin does away with70500:46:07,410 --> 00:46:09,360the money printers and no oneshould be in charge of the money70600:46:09,360 --> 00:46:12,750printers, everyone can printBitcoin, if you start mining,70700:46:12,780 --> 00:46:16,410you know, but there will neverbe more than 21 million70800:46:16,410 --> 00:46:18,990Bitcoins, you're not 21 million.That's it. And the way that70900:46:18,990 --> 00:46:22,080Bitcoin works is that you can doeverything yourself, you can71000:46:22,080 --> 00:46:25,740mine yourself, you can hold yourown keys, you can run your own,71100:46:25,740 --> 00:46:28,470or you should hold your ownkeys, and you should run your71200:46:28,470 --> 00:46:32,520own node, you define whatBitcoin is for yourself. And no71300:46:32,520 --> 00:46:36,030one can interfere with thisdecision. So your hypothetical71400:46:36,030 --> 00:46:39,810scenario of the US or theEuropean Union changing Bitcoin71500:46:39,810 --> 00:46:43,500so that it is more compliant.This, this does not exist. If71600:46:43,500 --> 00:46:46,440you understand Bitcoin, and youuse it correctly, you decide71700:46:46,440 --> 00:46:49,740what software to run, and youdefine the consensus parameters.71800:46:50,010 --> 00:46:53,340And they cannot change that. Andit's very much like, for71900:46:53,340 --> 00:46:57,150example, in the Englishlanguage, or chess, if you want72000:46:57,150 --> 00:47:00,930to play chess, you just playchess with a buddy and you play72100:47:00,960 --> 00:47:04,890by the rules of chess as youknow them. And if the EU comes72200:47:04,890 --> 00:47:07,350and says, Okay, we're going tochange the rules of chess. And72300:47:07,500 --> 00:47:09,870you you now like, you know,like, we were going to make the72400:47:09,870 --> 00:47:12,450board size twice as large andwe're introducing five new72500:47:12,450 --> 00:47:15,420pieces and what have you. Itdoesn't, it doesn't faze you,72600:47:15,420 --> 00:47:18,000you can just play chess as youalways played it. And bitcoin is72700:47:18,000 --> 00:47:21,060just like that. It's just, it'snot round based, it always goes72800:47:21,090 --> 00:47:25,260goes on. And the rules of thegame, the consensus parameters72900:47:25,290 --> 00:47:28,560are part of the software and arepart of the transactions are73000:47:28,560 --> 00:47:33,720part of, of the whole system.And so changing it is almost73100:47:33,720 --> 00:47:36,450impossible. You know, likethat's, that's what blocksize73200:47:36,450 --> 00:47:40,110wars were about, like, if youchange Bitcoin in a way that it73300:47:40,110 --> 00:47:43,890is not backwards compatible, youcreate a new coin, and that's73400:47:43,890 --> 00:47:46,560what happened with B cash andall the rest of the shit. Yeah,73500:47:46,589 --> 00:47:48,989no, I totally agree with that. Itotally understand that. I guess73600:47:48,989 --> 00:47:52,679I'm thinking more of just theregulation that layers on top of73700:47:53,009 --> 00:47:56,879the acceptance of it like, okay,yeah, sure, you can get a73800:47:56,879 --> 00:48:00,809Coinbase no longer has to sendout we do us magically says,73900:48:00,809 --> 00:48:05,549Okay, now you do not have totreat Bitcoin as property. Now74000:48:05,549 --> 00:48:09,239you were going to treat it ascurrency. And it's just, it's74100:48:09,239 --> 00:48:12,239going to be just like holdingdollars in the bank account. But74200:48:13,229 --> 00:48:18,839in order in order to, in orderto have this, this, this74300:48:18,839 --> 00:48:23,579treatment on your Coinbaseaccount or your you know, pick,74400:48:23,579 --> 00:48:26,489pick whichever exchange youwant, in order to have this74500:48:26,489 --> 00:48:31,289feature. You are going youcannot use coin joins. You must74600:48:31,289 --> 00:48:34,979Everything must be vanillablock, you know, Blockchain74700:48:34,979 --> 00:48:39,539transactions, and the governmentcan see every single UTX Oh, now74800:48:39,539 --> 00:48:42,509there's no need for now, youdon't even have the protection74900:48:42,509 --> 00:48:45,209of $600 limits on 1099. Yeah,but75000:48:45,210 --> 00:48:50,070hold on, hold on a second, holdon a second. I'm with Gigi on75100:48:50,070 --> 00:48:53,880this that has nothing to doreally with the core reason for75200:48:53,880 --> 00:48:59,370Bitcoin which is truly at thesource of the money, all this75300:48:59,370 --> 00:49:02,820other it's an when you have aperfect money, it's going to be75400:49:02,820 --> 00:49:06,630perfect in every way is going tobe perfect and transparency too.75500:49:07,680 --> 00:49:12,330And I don't believe Bitcoin wascreated to circumvent or deal75600:49:12,330 --> 00:49:16,530with in any way the IRS. That'sa whole different layer.75700:49:17,010 --> 00:49:20,700Let me bring this back tosomething that you're very75800:49:20,700 --> 00:49:23,970familiar with, namelypodcasting. It doesn't matter if75900:49:23,970 --> 00:49:28,020the government outlaws RSS,podcasting still works, you76000:49:28,020 --> 00:49:33,090know, like it's, it's you haveto differentiate between76100:49:33,960 --> 00:49:40,110multiple things here and again,Bitcoin was born out of the kind76200:49:40,110 --> 00:49:46,170of motivation to remove theinterference of the state and76300:49:46,350 --> 00:49:49,800like to separate money and statethis is the main motivation of76400:49:49,800 --> 00:49:51,360Bitcoin, you know, like,76500:49:52,410 --> 00:49:56,250I would say creation I would saycreation of money and policy not76600:49:56,250 --> 00:49:57,150necessarily76700:49:59,250 --> 00:50:02,880issuance. issuance and controlof money Yeah, controlling the76800:50:02,880 --> 00:50:06,990monetary flows and controllingwho is allowed to issue new76900:50:06,990 --> 00:50:12,810money. Yeah, this is the root ofall monetary evil like, if in77000:50:12,870 --> 00:50:16,920and, and you cannot do it in away like a free market for money77100:50:16,950 --> 00:50:21,030this does not exist, you are notfree to use whatever money you77200:50:21,030 --> 00:50:24,090want to use. And this is thewhole reason why Bitcoin is77300:50:24,090 --> 00:50:27,870built in this very convolutedway. The reason is that no one77400:50:27,870 --> 00:50:31,470can interfere with it, and noone can shut it down. And that77500:50:31,470 --> 00:50:37,020that is what and all previousmonetary experiments like cyber77600:50:37,020 --> 00:50:41,130money experiments had a singlepoint of failure, and were shut77700:50:41,130 --> 00:50:43,890down because the governmentsthat kept the government came77800:50:43,890 --> 00:50:46,230stepped in and shut down thecompany that is running it and77900:50:46,230 --> 00:50:49,200so on. And this is also whyBitcoin maximalists will tell78000:50:49,200 --> 00:50:52,110you that every single other coinis the shit coin, because78100:50:52,110 --> 00:50:55,320they're all centralized. Theyall have father figures, they78200:50:55,320 --> 00:50:58,620all have teams that tend to thiscoin, they're all running on78300:50:58,620 --> 00:51:01,470like three nodes or what haveyou. Like they have no78400:51:01,470 --> 00:51:05,160meaningful centralization. Theyare not government resistant,78500:51:05,160 --> 00:51:07,740only bitcoin is governmentresistant. And this is the whole78600:51:07,740 --> 00:51:08,100point.78700:51:09,030 --> 00:51:13,650Yeah, it makes it's interestingto that. And maybe some people78800:51:13,650 --> 00:51:17,850may not realize that you don'twhen you say that it's78900:51:17,850 --> 00:51:21,930interested resistant. One thingthat people may not understand79000:51:21,930 --> 00:51:25,830about Bitcoin is it can be done.It can be you can transact79100:51:25,830 --> 00:51:31,650Bitcoin, just off on a piece ofpaper with some dice. I mean,79200:51:31,650 --> 00:51:33,840like, you can just, you know,you can rock and roll a private79300:51:33,840 --> 00:51:39,180key workout a transaction, andthen you can make offline you79400:51:39,180 --> 00:51:41,190could you could potentially, Ican79500:51:41,190 --> 00:51:43,860barely, I can barely getchapters done. Dave, what do you79600:51:43,860 --> 00:51:45,630make me do now with pencil,79700:51:46,230 --> 00:51:49,500like, you could literally, youknow, create the Create a79800:51:49,500 --> 00:51:53,160transaction offline, coordinatewith somebody through chat or79900:51:53,160 --> 00:51:55,590something else and say, Okay,I'm going to broadcast this80000:51:55,590 --> 00:52:00,240transaction to you, at this day.And this time, give me a while80100:52:00,270 --> 00:52:03,840to get you know, you roll yourown key so that I have a wallet80200:52:03,840 --> 00:52:06,570address to send to, and all ofthis and then you just80300:52:06,570 --> 00:52:10,260broadcasted it that certaintime. It's in that in that way,80400:52:10,260 --> 00:52:13,980there's no, there's really evenno traceability at all there.80500:52:14,010 --> 00:52:15,090Exactly. Yeah.80600:52:15,360 --> 00:52:17,700And that's what I wanted tomention before you mentioned80700:52:17,700 --> 00:52:20,730Coinbase and so on Bitcoin onCoinbase is not real Bitcoin,80800:52:20,760 --> 00:52:23,490it's just like a papercertificate. Gold, yes. Like the80900:52:23,490 --> 00:52:25,980government can step in and takeit away, and so on. The idea81000:52:25,980 --> 00:52:29,400about Bitcoin is that everythingis completely decentralized. And81100:52:29,400 --> 00:52:32,370you can do everything on yourown and creating a Bitcoin81200:52:32,370 --> 00:52:37,560account account, like in big,big quotes, like, Bitcoin81300:52:37,560 --> 00:52:39,450doesn't have accounts becauseBitcoin does not have an81400:52:39,450 --> 00:52:42,990authority where you go towardsand you register your account81500:52:42,990 --> 00:52:46,320that you have to ask forpermission to, to open like a81600:52:46,320 --> 00:52:49,050Bitcoin bank account. No, that'snot how it works. Bitcoin81700:52:49,050 --> 00:52:51,300accounts are created withmathematics. And that's why you81800:52:51,300 --> 00:52:55,050can lock yourself in the toiletwith like, a couple of dice or a81900:52:55,050 --> 00:53:00,000coin, and you flip the coin265 256 times. And82000:53:00,030 --> 00:53:05,400then as you know, these kidsthese days, Dave, I mean, we82100:53:05,400 --> 00:53:08,820used to lock ourselves in thebathroom with Playboy magazine,82200:53:08,820 --> 00:53:12,480but no, no, now kids arebringing in dice like, oh, yeah,82300:53:12,870 --> 00:53:14,220Mom, leave me alone.82400:53:15,570 --> 00:53:18,870What are you doing? What are youdoing? I'm rolling a Bitcoin82500:53:18,870 --> 00:53:23,220wallet. Yeah, that's how itYeah. And the reason, the reason82600:53:23,220 --> 00:53:27,660why you should do this, in theprivacy of your home is that if82700:53:27,660 --> 00:53:32,100someone sees what you're doing,then you're compromised, and82800:53:32,100 --> 00:53:34,980they can take away your Bitcoinbecause your private key is82900:53:34,980 --> 00:53:37,740nothing, but information is justa large number, you know, like,83000:53:37,740 --> 00:53:42,090again, 256 Bits. And you canrepresent this number in like 1283100:53:42,090 --> 00:53:45,900words, or 24 words, or justliterally as a large number or a83200:53:45,900 --> 00:53:48,930bunch of zeros and ones or as aQR code. And if someone has83300:53:48,930 --> 00:53:52,260access to these 12 words, these12 words are effectively your83400:53:52,260 --> 00:53:54,360Bitcoin, like, there is nodifference this this is no83500:53:54,660 --> 00:53:58,110longer Bitcoin. Yeah. And so andthat's also why it's so83600:53:58,110 --> 00:54:00,870powerful. And that's also whyI'm saying, it doesn't matter83700:54:00,870 --> 00:54:03,570what the government does, youcannot shut this down. Because I83800:54:03,570 --> 00:54:07,590can, you know, like, I, I can, Ican generate a random number,83900:54:07,740 --> 00:54:12,060and I can transform it by handinto 12 words, and you can send84000:54:12,060 --> 00:54:15,990me money to these 12 words, andI can just like, I know, Adam,84100:54:15,990 --> 00:54:18,720did you know, like, I canremember these words in my84200:54:18,750 --> 00:54:21,660brain, and I can go to adifferent country. And this is84300:54:21,690 --> 00:54:25,260very, very powerful technology.And that's also why it rubs up84400:54:25,290 --> 00:54:27,810against the state or againstnation states in general,84500:54:27,930 --> 00:54:32,250because it is so powerful, andthe state does not like the idea84600:54:32,280 --> 00:54:35,580of, of having sovereign selfsovereign people that have84700:54:35,580 --> 00:54:38,880access to your own money thatcannot be de platformed. And84800:54:38,880 --> 00:54:40,710that brings me back topodcasting. You know,84900:54:40,830 --> 00:54:44,070podcasting. It's really easy todo on your own and hosting mp385000:54:44,070 --> 00:54:47,520files is very easy and hostingan RSS feed is very easy, and no85100:54:47,520 --> 00:54:51,900one is like if someone if the EUcomes and passes a law that85200:54:51,930 --> 00:54:55,050tries to change RSS or make itillegal, you know what, I can85300:54:55,050 --> 00:54:59,550still do it and I can still putup a website and generate an RSS85400:54:59,550 --> 00:55:02,310feed And toss some mp3 somewhereI can even do it in a85500:55:02,310 --> 00:55:05,070decentralized way somehow or ina censorship resistant way i can85600:55:05,070 --> 00:55:07,800use torrents, I can usewhatever, you know, and I can85700:55:07,800 --> 00:55:10,770just do it and there is nothingyou can do about it. And this85800:55:10,770 --> 00:55:13,200it's the same is true forBitcoin. And the reason why this85900:55:13,200 --> 00:55:17,070works is it has to be it needsto have a small footprint, it86000:55:17,070 --> 00:55:19,650needs to be easy to do aBitcoin, you just need a random86100:55:19,650 --> 00:55:22,380number and you need math, andyou need an internet connection86200:55:22,380 --> 00:55:26,250or some way to transmit data,that's all it is, you know. And86300:55:26,250 --> 00:55:28,590for podcasting as well, you needa microphone, you know, you need86400:55:28,590 --> 00:55:31,710something that generates an mp3or whatever. And you need some86500:55:31,710 --> 00:55:34,680way to host the little bit ofdata that the mp3 or the audio86600:55:34,680 --> 00:55:37,140file is. And that's it. Andthat's where the censorship86700:55:37,140 --> 00:55:40,020resistant property comes from,you know, like that's, it's very86800:55:40,020 --> 00:55:42,240easy to do, it's has a verysmall footprint, and everyone86900:55:42,240 --> 00:55:42,720can do it.87000:55:43,350 --> 00:55:46,950In fact, the best way to getsome, some fresh bitcoin is what87100:55:46,950 --> 00:55:51,060I'm doing. And I've got a an Snine, ant miner running and I87200:55:51,060 --> 00:55:55,470get about 100 bucks a month.There you go, I put that in its87300:55:55,470 --> 00:55:58,590own special wallet, this is myclean Bitcoin. Yeah.87400:55:58,650 --> 00:56:02,940And what you're doing is findinga random number, you're trying87500:56:02,940 --> 00:56:05,940to find a random number. Yeah.And that's all that this and87600:56:05,940 --> 00:56:08,580buying or whatever machine youhave is doing, it's just doing87700:56:08,580 --> 00:56:11,730it trying to do it veryefficiently. And this, this,87800:56:11,760 --> 00:56:14,700like, as a side effect, protectsthe whole Bitcoin network and,87900:56:14,730 --> 00:56:17,940and protects the past of alltransactions, and so on and so88000:56:17,940 --> 00:56:20,160forth. But you know, what, like,that's, that's why I'm88100:56:20,160 --> 00:56:23,070advocating for for these thingsand doing so much in the realm88200:56:23,070 --> 00:56:27,270of education. Because I think,trying to find random numbers88300:56:27,300 --> 00:56:29,700should not be outlawed, youknow, and just like last week,88400:56:29,700 --> 00:56:32,790or something, did European Uniontry to pass a bill where they're88500:56:32,790 --> 00:56:35,250outlaw lying proof of workcoins, which is basically88600:56:35,250 --> 00:56:38,640saying, we are gonna outlawtrying to find a random number,88700:56:38,640 --> 00:56:40,560you know, and I think this isridiculous. I don't want to live88800:56:40,560 --> 00:56:41,490in such a society.88900:56:42,300 --> 00:56:44,700Joanne, can I interrupt yougentlemen for a moment and all89000:56:44,700 --> 00:56:48,450this wonderful Bitcoin talk? Andbecause, you know, while you're89100:56:48,450 --> 00:56:52,380all talking about the future,I'm living in the now and I have89200:56:52,680 --> 00:56:58,440discovered that I was wrong. Ithappens. We are receiving tons89300:56:58,440 --> 00:57:03,210of booster grams from from theonly app that supports the life89400:57:03,210 --> 00:57:05,940protocol at this moment, as faras I know, which is a curio89500:57:05,940 --> 00:57:10,440caster. I mistook the logo ofcurio caster for breeze for some89600:57:10,440 --> 00:57:16,800reason. I blame long COVIDActually, I need to read a89700:57:16,800 --> 00:57:20,490couple of these because GGU haveturned out to be a very, very89800:57:20,490 --> 00:57:24,330valuable guest for us. And I'mkind of kicking myself right89900:57:24,330 --> 00:57:27,150now. Because really, because youknow, what we do is every guest90000:57:27,150 --> 00:57:30,720gets 10% of our value blocksplit. And of course, I usually90100:57:30,720 --> 00:57:32,970put that in after the fact Ishould have had it in90200:57:32,970 --> 00:57:36,930beforehand. Because now you'remissing out on all this groovy90300:57:36,930 --> 00:57:41,550stuff. Anyway, we've we've donequite well, I just want to share90400:57:41,550 --> 00:57:44,340a couple of them. First of all,let's see they're coming in.90500:57:44,370 --> 00:57:49,260That's Mike Newman rush boost2112 For the joy of a pew pew90600:57:49,260 --> 00:57:54,990live, he says 32,022 stat SATsfrom Stephen B. Congratula. He,90700:57:55,290 --> 00:57:59,010of course is the developer ofcurio caster. Who wants me to90800:57:59,010 --> 00:58:03,360wish his son Jack a happy 12thbirthday. It's on the it's on90900:58:03,360 --> 00:58:07,050the on the 20th. So we'll get ajump on that. See Mike in Kansas91000:58:07,050 --> 00:58:11,460City is boosting up a storm 3513Still running with scissors and91100:58:11,460 --> 00:58:14,880boosting it live taking twoboosting during today's PC to91200:58:14,940 --> 00:58:18,810live stream happy to help debugthings in real time. At Dred91300:58:18,810 --> 00:58:24,780Scott 30,033 stats, I mean, thisis incredible. People are just91400:58:24,780 --> 00:58:28,560blast blasting us they justspewing SATs all over our faces.91500:58:30,000 --> 00:58:31,860There you go. That's how itshould. That's how it should be91600:58:31,860 --> 00:58:35,130done. And I think you know,that's also why why all of this.91700:58:35,250 --> 00:58:40,800And let me also just say, youknow, like, just huge shout out91800:58:40,800 --> 00:58:43,830to absolutely everyone who isworking on this stuff. And of91900:58:43,830 --> 00:58:46,710course, you know, thank you,Adam and de for, for building92000:58:46,710 --> 00:58:49,470all this out with the podcastindex and so on. But I think you92100:58:49,470 --> 00:58:53,040know, like, that's how it shouldbe done. You, you, you should92200:58:53,040 --> 00:58:57,570not need gatekeepers, that allowyou to do certain things, you92300:58:57,570 --> 00:59:00,750know, you should just be able todo it. It's about freedom after92400:59:00,750 --> 00:59:05,130all, and you with with value forvalue. And podcasting in92500:59:05,130 --> 00:59:08,610particular, you like you don'tneed to ask anyone for92600:59:08,610 --> 00:59:11,070permission to do this. It'spermissionless. It's censorship92700:59:11,070 --> 00:59:13,890resistant, that that's the wholepoint. And you can spin up a92800:59:13,890 --> 00:59:16,650podcast feed, you can host ityourself. You can spin up a92900:59:16,650 --> 00:59:20,100wallet again, you know, likejust lock yourself in the toilet93000:59:20,100 --> 00:59:24,150and get a couple of days andyou're good to go. And you can93100:59:24,150 --> 00:59:28,050receive you can receivestreaming sets right from the93200:59:28,050 --> 00:59:30,690gate and you don't need tocreate an account somewhere. You93300:59:30,690 --> 00:59:33,600don't need to ask for permissionanywhere and no one can depart93400:59:33,600 --> 00:59:36,420from you. And I think this isincredibly important in this day93500:59:36,420 --> 00:59:37,080and age. It's so93600:59:37,080 --> 00:59:39,810much bigger than just comments.Wouldn't you agree Gigi?93700:59:41,940 --> 00:59:43,170Yeah, it is. It is93800:59:43,679 --> 00:59:47,63950,000 SATs from Pei tar Thankyou very much Pater. Holy93900:59:47,640 --> 00:59:51,300crap, can we can we just goahead and name this episode in94000:59:51,300 --> 00:59:54,840the toilet with dice? I mean,it's a vote for that.94100:59:55,050 --> 00:59:58,140All right, I'm gonna change thisright now. It's in the toilet94200:59:58,140 --> 01:00:00,990but what should be rolling dicein The can wouldn't that be94301:00:00,990 --> 01:00:04,830better? And they can roll hisdice in the can dice in the can94401:00:04,830 --> 01:00:07,590I'm changing dice in the can.94501:00:08,760 --> 01:00:13,860You know the the good thingthough. And you you actually94601:00:13,980 --> 01:00:19,020tweeted this the other day, Gigiis. And by the way, thank you,94701:00:19,020 --> 01:00:21,150thank you for your help on thevalue for value spec, a lot of94801:00:21,450 --> 01:00:24,450people may not realize that yougot in there and did a big94901:00:24,450 --> 01:00:29,460proofread of it and changed somestuff, cleaned it up and added95001:00:29,490 --> 01:00:32,370you added app support, youreally helped with that. And I'm95101:00:32,370 --> 01:00:33,060very appreciated95201:00:33,060 --> 01:00:36,060and brought us a massivecredibility. Thank you not to be95301:00:36,060 --> 01:00:36,930discounted.95401:00:38,130 --> 01:00:43,830In but are you? Are you stilldoing episode level splits on95501:00:43,830 --> 01:00:44,760your podcast?95601:00:45,060 --> 01:00:48,180Yeah, we're doing that actually.That's that's also that was the95701:00:48,480 --> 01:00:52,170main kind of reason why I jumpedon the value spec in the first95801:00:52,170 --> 01:00:54,810place, because we wanted to dothis. And then we saw that it's95901:00:54,810 --> 01:00:58,680not really kind of fleshed outand implemented yet. And so we96001:00:58,710 --> 01:01:02,640we try to add at this as welland help with the implementation96101:01:02,640 --> 01:01:06,030embrace as well. And I think,you know, like, the great thing96201:01:06,030 --> 01:01:08,370about these open systems, thegreat thing about these96301:01:08,400 --> 01:01:12,660protocols, as opposed toplatforms is that every, every96401:01:12,660 --> 01:01:15,630little thing helps because itwill be here forever, you know,96501:01:15,630 --> 01:01:18,600those are open specs, this isopen source code. So if you96601:01:18,600 --> 01:01:22,440improve it a little bit, it itwill help millions of people and96701:01:22,440 --> 01:01:26,550it will be here forever. And andthis this is such like this is96801:01:26,970 --> 01:01:30,330such a stark contrast to all thewalled gardens and closed96901:01:30,330 --> 01:01:33,060systems that will just gobankrupt one day and will go97001:01:33,060 --> 01:01:36,390away. And this is the bigdifference. You know, like, if97101:01:36,390 --> 01:01:40,590you don't have a protocol doesnot need to keep itself alive.97201:01:40,830 --> 01:01:42,630Usually, you know, like Bitcoinis the exception.97301:01:44,400 --> 01:01:50,010You tweeted this the other dayabout the stellar vision of the97401:01:50,010 --> 01:01:55,590monetary gatekeepers in theworld. To they there's this97501:01:55,740 --> 01:01:59,550thing I think it was from CNBCor notes from the economist that97601:01:59,550 --> 01:02:04,650said, well, inflation is hereand nobody saw it coming by Oh,97701:02:04,650 --> 01:02:07,950really? Nobody's nobody saw thatguy. So I've got I've actually97801:02:07,950 --> 01:02:11,190got some clips, there's this.This is from CNBC inflation.97901:02:12,420 --> 01:02:15,420They they're telling us that,you know, this is from like,98001:02:15,690 --> 01:02:20,310this is from roughly like a yearago, is transitory bit. And this98101:02:20,310 --> 01:02:23,580is, this is how this is why wedon't need to worry about98201:02:23,580 --> 01:02:24,360inflation.98301:02:26,640 --> 01:02:29,520To try to boost the economy,policymakers in Washington have98401:02:29,520 --> 01:02:32,520pumped trillions of dollars intothe financial system in recent98501:02:32,520 --> 01:02:36,330months. Economic Theory suggestsall this money printing could98601:02:36,330 --> 01:02:40,170create the risk of inflation.economist Milton Friedman98701:02:40,170 --> 01:02:43,110famously said that if there'stoo much money in the economy98801:02:43,110 --> 01:02:48,060chasing too few goods, priceswill rise. When inflation was98901:02:48,060 --> 01:02:51,450surging in the 1980s, FedChairman Paul Volcker put99001:02:51,450 --> 01:02:54,900Friedman's theory to the test.And it worked. Focus slowed the99101:02:54,900 --> 01:02:57,750growth of money going into theeconomy and raised interest99201:02:57,750 --> 01:03:01,380rates to tame inflation. Buteconomists say there's been a99301:03:01,380 --> 01:03:05,250break in the link between moneycreation and inflation in recent99401:03:05,250 --> 01:03:09,000years as the banking system hasbecome more complex.99501:03:09,060 --> 01:03:12,120Wow, just as an audio guide,Dave, what the hell did did they99601:03:12,120 --> 01:03:14,940fuck up a line and she had to rerecord it in her bathroom.99701:03:15,330 --> 01:03:18,600This was we're still in lockdownmode.99801:03:18,629 --> 01:03:22,829Oh, right. Right. Okay. She wasliterally in her bathroom. Okay.99901:03:22,859 --> 01:03:26,189Yes, this is like December of2021. When she was in she was in100001:03:26,189 --> 01:03:31,469the can with die. Doing thisdoing this segment and that100101:03:31,499 --> 01:03:35,099here. So there's been a break.Yeah, I don't I don't think100201:03:35,099 --> 01:03:39,509anybody knew this. There's nowall the previous rules about the100301:03:39,509 --> 01:03:42,809way inflation works and I'mgoing to show you these were100401:03:42,929 --> 01:03:49,199these are this is old, outdated,1930s inflation and proper100501:03:49,229 --> 01:03:53,549inflationary, thinking aboutwhat inflation is go ahead and100601:03:53,549 --> 01:03:54,089play that clip.100701:03:54,840 --> 01:03:58,470As you probably know, the firststep in the inflation plan puts100801:03:58,470 --> 01:04:02,1603 billion additional dollars incirculation, this will make100901:04:02,160 --> 01:04:06,960money more plentiful and lessvaluable. With money less101001:04:06,960 --> 01:04:10,380valuable the purchasing power ofthe dollar will naturally drop.101101:04:10,920 --> 01:04:15,270Therefore, the cost of livingwill be forced up. Wages will be101201:04:15,270 --> 01:04:18,780increased to meet the highercost of living so that the three101301:04:18,780 --> 01:04:22,590lines will be this one. And thenkiddies will all have noodles in101401:04:22,590 --> 01:04:23,100our soup101501:04:25,380 --> 01:04:28,710Wait can we change the title ofthe show to noodles in our soup?101601:04:28,770 --> 01:04:30,180Yes please101701:04:30,179 --> 01:04:33,629the noodles in our soup or dicein the can longest show title101801:04:33,629 --> 01:04:34,109ever he101901:04:34,320 --> 01:04:39,810is. So all this this oldantiquated thinking of, of102001:04:40,110 --> 01:04:43,350printing money equals inflation.See, that's all broken. No,102101:04:43,350 --> 01:04:46,320no, that doesn't work. No, youknow, much better than that.102201:04:46,320 --> 01:04:48,180Yes, modern monetary theory.102301:04:48,600 --> 01:04:51,060Yeah, we're in flux. So we don'tneed to worry about go ahead and102401:04:51,060 --> 01:04:55,080say play inflation Part Two, therise of the financial system and102501:04:55,080 --> 01:04:57,360that and the sort of thediversification of the financial102601:04:57,360 --> 01:05:01,500system is one of the reasons whysort of Milton Friedman's view102701:05:01,500 --> 01:05:05,160of the world really is not asapplicable, particularly in the102801:05:05,160 --> 01:05:07,800United States, as it was in anearlier102901:05:07,800 --> 01:05:09,840time. It's important tounderstand that103001:05:11,280 --> 01:05:14,640the it's important to realizewho this lady is that was just103101:05:14,640 --> 01:05:20,700talking. That is the chiefeconomist for Citibank. I just103201:05:20,700 --> 01:05:24,060want I just want people tounderstand that that's what she103301:05:24,060 --> 01:05:27,960said, Did the Old MiltonFriedman quote unquote, model of103401:05:27,960 --> 01:05:30,960inflation of just printing moremoney, it's no good that that's,103501:05:30,990 --> 01:05:32,610that's no bullshit, we need tomove on. Yeah.103601:05:33,420 --> 01:05:35,640It's important to understandthat when the central bank103701:05:35,640 --> 01:05:38,820prints money today, most of itisn't in the form of physical103801:05:38,820 --> 01:05:42,840dollar bills. Instead, the Fedcreates electronic money, it103901:05:42,840 --> 01:05:46,650uses that electronic cash to buyassets and lend to banks104001:05:46,680 --> 01:05:49,920injecting money into the bankingsystem to buy treasuries, for104101:05:49,920 --> 01:05:53,550example, the Fed uses so calledprimary dealers, a group of104201:05:53,550 --> 01:05:56,550around two dozen big banks andbrokerage firms that trade104301:05:56,550 --> 01:05:57,840bonds, what happens104401:05:57,840 --> 01:06:01,170when the Fed creates money is itstrictly creates central bank104501:06:01,710 --> 01:06:05,370reserves, those are held by thebanking system. Now the banks104601:06:05,730 --> 01:06:08,730decide, you know, what they'rewilling to lend out into the104701:06:08,730 --> 01:06:09,120economy.104801:06:09,810 --> 01:06:12,600That means that even if the Fedis pumping a lot of money into104901:06:12,600 --> 01:06:15,540banks like it is today, themoney won't reach the hands of105001:06:15,540 --> 01:06:17,580consumers until banks lend itout.105101:06:17,940 --> 01:06:21,690Yeah, this is this is the magicreserve notes which you're on105201:06:21,690 --> 01:06:24,480the other side of the banks.It's a beaut, it's beautiful,105301:06:24,510 --> 01:06:27,240not inflationary at all, by theway. Hmm,105401:06:27,510 --> 01:06:30,900no, it's not inflation, youknow, give it to people, you105501:06:30,900 --> 01:06:31,470just go to the105601:06:31,469 --> 01:06:35,219banks. Yeah, exactly. Free,we're gonna wait a couple105701:06:35,219 --> 01:06:37,079months, you know, whatever youneed, bro.105801:06:37,530 --> 01:06:40,290Ignore the fact that that'sactually worse than giving it to105901:06:40,290 --> 01:06:44,490people because of the because ofthe multiplicative effect of you106001:06:44,490 --> 01:06:46,770know, fractional reservebanking, don't don't worry about106101:06:46,770 --> 01:06:51,810that. But you know, that this isthese are these are the problems106201:06:51,840 --> 01:06:57,630that that you know, not justBitcoin but the the Bitcoin, you106301:06:57,630 --> 01:07:02,100know, ethos is trying to solveis this sort of idiocy right106401:07:02,100 --> 01:07:05,190here that is constantly theythese are the smartest people in106501:07:05,190 --> 01:07:09,780the room, so to speak. And theythey constantly Miss ever going106601:07:09,780 --> 01:07:14,280back to Alan Greenspan, not evennot seeing the housing bubble in106701:07:14,280 --> 01:07:17,160the.com Bubble coming six monthsprevious to it. I mean, these106801:07:17,160 --> 01:07:19,590people get it wrong every singletime.106901:07:19,590 --> 01:07:22,920But here's the thing. And I'vesaid, here's, here's what I've107001:07:22,920 --> 01:07:27,180always seen if, and I know many,many people in banking, but I107101:07:27,180 --> 01:07:30,450have one friend who leftspecifically for his kids moved107201:07:30,450 --> 01:07:35,550to Texas, and even politicianswhen it comes time to raise the107301:07:35,550 --> 01:07:39,930debt limit. It's always apolitical football in the United107401:07:39,930 --> 01:07:44,040States. But what's interestingis, none of them believe that107501:07:44,040 --> 01:07:46,560that'll the EU, we won't, ofcourse, we're gonna raise the107601:07:46,560 --> 01:07:50,790debt limit. Because, you know,we back the fold, you know, if107701:07:50,790 --> 01:07:53,370the dollar has the full backingof the United States, it's107801:07:53,370 --> 01:07:57,240logical to them, it's like thesun rises. That's how we know107901:07:57,270 --> 01:08:00,270that we will raise the debtlimit, which allows for more108001:08:00,270 --> 01:08:03,930creation of more money.Similarly, people in the108101:08:03,930 --> 01:08:08,190financial system who work in it,it's like, it's they look at108201:08:08,190 --> 01:08:11,580you, like they don't evenunderstand where you're coming108301:08:11,580 --> 01:08:15,360from that you don't know how itworks. This is seriously they'll108401:08:15,360 --> 01:08:19,230be like, don't you understandhow me the money gets made108501:08:19,230 --> 01:08:21,720there? And it comes through? Andthen you know, is more every108601:08:21,720 --> 01:08:25,920year? Don't you get that? Andthey don't there's no cognition108701:08:25,950 --> 01:08:28,320about what that should mean,because it's been going on for108801:08:28,320 --> 01:08:31,740so long. It's just baked intothe system. So it's not that108901:08:31,740 --> 01:08:36,960they don't get it. Theyliterally don't know it.109001:08:38,280 --> 01:08:41,550Yeah, I agree. I think I thinkbut I think that's, that's kind109101:08:41,550 --> 01:08:45,090of the whole point of the wholesystem is to make it so109201:08:45,090 --> 01:08:49,320complicated that even thoseinsights on what's going on. So109301:08:49,320 --> 01:08:52,560the public, of course, cannotfigure out how the current109401:08:52,560 --> 01:08:56,370system works. And everyone justtrust it. And as you say, you109501:08:56,370 --> 01:08:59,700know, it has worked for a longtime. And so there is no reason109601:08:59,700 --> 01:09:03,390to believe that it will notcontinue to work, but we should109701:09:03,390 --> 01:09:08,430not make like no mistake, theinsanity the full blown insanity109801:09:08,430 --> 01:09:12,990of the system started in 1971when pletely removed the109901:09:12,990 --> 01:09:13,980coupling tool and110001:09:13,980 --> 01:09:19,980here here's what's crazy, GG. Weare in a fractal right now. 70s110101:09:20,010 --> 01:09:23,760we had oil crisis, we had energycrisis, of course, it was all a110201:09:23,760 --> 01:09:28,200part of how we changeeverything. We're at the same110301:09:28,200 --> 01:09:31,380spot here. We're about to changethe money system. We have a war110401:09:31,380 --> 01:09:37,320going on back then it wasVietnam. We have we have supply110501:09:37,320 --> 01:09:41,160chain we have it's we're livingthrough this fractal and they110601:09:41,160 --> 01:09:44,310are going to do their cbdc orwhatever the hell they're gonna110701:09:44,310 --> 01:09:47,700do their revaluation. I've heardall kinds of things and I'm sure110801:09:47,700 --> 01:09:51,330you're well aware of the XRPwill be the the token of the110901:09:51,330 --> 01:09:54,810future. You know, with thequantum financial system, it's111001:09:54,810 --> 01:10:00,540offworld. I mean, I've read itall. I've seen it all. To me the111101:10:00,570 --> 01:10:04,650the the the only danger the thefiat system faces right now is111201:10:04,650 --> 01:10:09,450not from Bitcoin, the danger thefiat system faces is stable coin111301:10:09,870 --> 01:10:14,010that is literally by definitionof what they are inflationary.111401:10:15,030 --> 01:10:20,070Yeah, I mean, I, I agree withwhat you were saying I think111501:10:20,070 --> 01:10:23,340that the danger of the fieldsystem is that it implodes too111601:10:23,340 --> 01:10:24,840quickly. And I think that's why111701:10:24,870 --> 01:10:27,750it always goes on fighting andbombs and killing Biya.111801:10:27,959 --> 01:10:32,429Yeah, I think you know, like,through to kind of come back to111901:10:32,429 --> 01:10:36,149the insanity of money creationis like, if you have a112001:10:36,749 --> 01:10:40,679possibility to create money, youonly need like an emergency, and112101:10:40,679 --> 01:10:43,259then you will use the moneyprinter, you know, like, just112201:10:43,259 --> 01:10:46,439just imagine this thoughtexperiment, let's say you have a112301:10:46,439 --> 01:10:49,409valid money printer in thecellar, and you promise not to112401:10:49,409 --> 01:10:52,079use it. And then somethingterrible happens in your family.112501:10:52,079 --> 01:10:54,959And I don't know your child hasa terrible disease, and you112601:10:54,959 --> 01:10:57,719suddenly need half a milliondollars, of course, you're going112701:10:57,719 --> 01:11:00,569to use it, you know. And that'swhat happens over and over and112801:11:00,569 --> 01:11:04,049over again, every time thisexperiment is being tried. And112901:11:04,049 --> 01:11:06,869if you just look at history, wehave tried this experiment, the113001:11:06,869 --> 01:11:09,689fiat money of just creatingmoney out of out of thin air113101:11:09,779 --> 01:11:12,959multiple times over and it'sresponsible in part for the fall113201:11:12,959 --> 01:11:15,839of empires, you know, that youonce you, once you decouple113301:11:15,839 --> 01:11:21,059money, base money from reality,so that you can just make it up113401:11:21,209 --> 01:11:26,159for any reason whatsoever, thenthings go really bad really113501:11:26,159 --> 01:11:29,579quickly, because money is avery, very important tool. It's113601:11:29,579 --> 01:11:31,649not only a tool, it's likepsycho psychology, you know,113701:11:31,649 --> 01:11:33,479like, it's like language, it'slike, speak well. And113801:11:33,659 --> 01:11:37,739it's also you know, we're in ain a in a war right now of113901:11:37,739 --> 01:11:40,919networks, you know, socialnetworks, electricity networks,114001:11:40,919 --> 01:11:44,699energy networks, computernetworks, but also financial114101:11:44,699 --> 01:11:48,959networks. And, you know, whenyou when you change something in114201:11:48,959 --> 01:11:51,959a network, I just know enoughabout network effects. When you114301:11:51,959 --> 01:11:54,899change something in a network,like removing an entire country114401:11:54,899 --> 01:11:59,579from it, it's central bank'selected banks. When you remove I114501:11:59,579 --> 01:12:02,819mean, I heard Todd fromblueberry saying shit, man, we114601:12:02,819 --> 01:12:05,759got Russian podcasters, whocan't pay their bill. Yeah,114701:12:05,879 --> 01:12:09,059yeah. And now all of a sudden,he doesn't hate Russia that114801:12:09,059 --> 01:12:11,909much. It's like, I'm trying tofigure out how to help these114901:12:11,909 --> 01:12:13,859guys. And like, how about somebitcoin? Why don't you take115001:12:13,859 --> 01:12:17,459that, but but, but I think thatand by the way, I've not heard115101:12:17,459 --> 01:12:22,379anywhere. You know, when, when,when Putin calms down, or let's115201:12:22,379 --> 01:12:25,559say, even if Putin gets kickedout, they elect a new leader,115301:12:26,459 --> 01:12:30,119will will will bring Russia backon to Swift. I haven't heard115401:12:30,119 --> 01:12:32,909that noise. And I don't thinkthey plan on doing it. So these115501:12:32,909 --> 01:12:37,139are big ass changes. And, youknow, to say they're dumb, they115601:12:37,139 --> 01:12:40,289didn't think it through I thinkthey certainly did. Because what115701:12:40,289 --> 01:12:43,559it comes down to you said,emergency, we got a climate115801:12:43,559 --> 01:12:49,649emergency $700 billion of this1.5 trillion was a lot of it was115901:12:49,649 --> 01:12:54,419climate emergency related. So onone hand, we're we're debasing116001:12:54,419 --> 01:12:57,659the dollar by printing more. Onthe other hand, we're using the116101:12:57,659 --> 01:13:01,379printed money to remove thepetro dollar status. It's an116201:13:01,379 --> 01:13:03,119obvious attack on the dollar.116301:13:04,320 --> 01:13:09,300But I want to bring this I thinkGigi brought up a point, I think116401:13:09,300 --> 01:13:11,550there's a philosophical point tobe made here, you brought this116501:13:11,580 --> 01:13:16,320this idea up. And I think thisrelates to you about having the116601:13:16,320 --> 01:13:20,340money printer in the basement.And I think this relates back to116701:13:20,790 --> 01:13:25,800all this stuff is tied togetherin naturally is in my mind, that116801:13:26,310 --> 01:13:30,480this is also the reason why youdon't, we have to be extremely116901:13:30,480 --> 01:13:35,220careful, and I would say reallynever embark on the path of117001:13:35,220 --> 01:13:40,200censorship is because it's thisidea of, I've kind of been117101:13:40,200 --> 01:13:45,330thinking about this idea oflike, if having a thing behooves117201:13:45,330 --> 01:13:48,660the use of that thing. Sothere's just there's something117301:13:48,660 --> 01:13:54,210about having something availableto you to use, that makes you it117401:13:54,210 --> 01:13:57,900makes it inevitable that you'regoing to use it. So like you,117501:13:58,560 --> 01:14:00,150you know, you give a thoughtexperiment a while ago, I'll117601:14:00,150 --> 01:14:06,420give you another one. Imagine aworld where every household in117701:14:06,420 --> 01:14:11,460the entire world globally, has alock, a locking mechanism on it,117801:14:11,550 --> 01:14:18,510it's centrally connected tosome, like the UN, or the who.117901:14:19,140 --> 01:14:22,110And you can say, Okay, we'llnever, we're never actually118001:14:22,110 --> 01:14:26,580going to use this thing. But wedo we do have it. We just want118101:14:26,580 --> 01:14:30,480to have it. And so, but we'reactually But trust us, we're118201:14:30,480 --> 01:14:35,250never actually going to use it.Well, you know, Z, the moment118301:14:35,250 --> 01:14:38,130that you have a thing like thatwhere you know, at the push of a118401:14:38,130 --> 01:14:42,600button, you can lock everyone intheir homes, instantaneously. Of118501:14:42,600 --> 01:14:45,870course you're going to use it,things are going to happen,118601:14:46,080 --> 01:14:51,270pandemics, all these kinds ofthings, and you can be very sure118701:14:51,510 --> 01:14:55,050that that thing is going to beused. And the same thing with118801:14:55,050 --> 01:15:01,680censorship once once you empowerglobal In global technology118901:15:01,680 --> 01:15:06,630companies to have the power toremove and censor, once you've119001:15:06,630 --> 01:15:10,470given them that technology, ofcourse, they're going to use it.119101:15:10,470 --> 01:15:13,530And they're going to start usingit constantly for all kinds of119201:15:13,530 --> 01:15:15,780stuff that you don't it's anemergency119301:15:16,260 --> 01:15:20,820100% 100%. And that was also oneof the main points of long piece119401:15:20,820 --> 01:15:24,690I wrote on on value for value,that the main point was that119501:15:24,720 --> 01:15:28,380free speech platforms cannotexist. If you have the ability119601:15:28,380 --> 01:15:32,970to censor or filter or monitoror D platform people, this will119701:15:32,970 --> 01:15:35,820be used, there will be anemergency found there will be119801:15:35,850 --> 01:15:38,190like speech found that isextremely it's all119901:15:38,190 --> 01:15:40,650over. It's already Oh, it's allover the place. It's happening120001:15:40,650 --> 01:15:41,550everywhere. Yeah, of120101:15:41,550 --> 01:15:44,880course. And that's why freespeech protocols are so120201:15:44,880 --> 01:15:48,090important. And that's also whyfree speech money as a protocol120301:15:48,090 --> 01:15:50,850is so important. And that is, ofcourse, why Bitcoin is so120401:15:50,850 --> 01:15:55,020important. And in the end, italways comes back to two very120501:15:55,020 --> 01:15:58,140philosophical questions of likepower and control and those120601:15:58,140 --> 01:16:00,600kinds of things. And like, forexample, the question around120701:16:00,600 --> 01:16:03,690free speech is basically whoshould be allowed to speak and120801:16:03,690 --> 01:16:07,170about what, and our collectiveanswer in the West was, everyone120901:16:07,170 --> 01:16:11,400should be allowed to speak, theLogos is sacred, and there's121001:16:11,430 --> 01:16:13,830nothing off limits, you know,like, you should be allowed to121101:16:13,830 --> 01:16:16,950discuss everything, because welearn the hard way, that there's121201:16:16,950 --> 01:16:19,620two ways to resolve conflict iseither through speech or through121301:16:19,620 --> 01:16:22,470violence. And speech ispreferable to violence,121401:16:22,500 --> 01:16:25,560I prefer to be grumpy, that justseems better. If I'm grumpy, it121501:16:25,560 --> 01:16:26,100works.121601:16:28,770 --> 01:16:34,170In ethics, there's this notionof ought implies can. So if121701:16:34,170 --> 01:16:36,570you're going to hold somebodymorally responsible and say that121801:16:36,570 --> 01:16:41,010they ought to do something, thenit's inherent, its inherent in121901:16:41,010 --> 01:16:45,930that, in that idea that theyhave the ability to do that122001:16:45,930 --> 01:16:50,160thing. If you're going to sayyou should do it, you you just122101:16:50,190 --> 01:16:53,550presuppose that they have theability to do it. And I think122201:16:54,060 --> 01:16:57,420there's, you can reverse that inthis scenario and say, there's122301:16:57,420 --> 01:17:04,350also the idea of can maybe can,compels ought, yeah, if you can122401:17:04,350 --> 01:17:06,510do something, you're going to doit.122501:17:07,080 --> 01:17:10,080Yeah, exactly. And that's alsowhy I think that Bitcoin is a122601:17:10,080 --> 01:17:14,370technical answer to a, like, amoral and philosophical problem,122701:17:14,370 --> 01:17:17,280because the question is, whoshould be allowed to issue and122801:17:17,280 --> 01:17:20,970control the money? And thecurrent answer in fiat money is122901:17:21,000 --> 01:17:23,580governments and banks and so on,and so forth, you know, and they123001:17:23,580 --> 01:17:25,920have the ability to theplatform, they have the ability123101:17:25,920 --> 01:17:28,980to print money, which is willmoney into existence, which123201:17:28,980 --> 01:17:31,920dilutes everyone else's money,which basically enriches them123301:17:31,920 --> 01:17:36,390without, like, just because, youknow, they don't, that that's123401:17:36,390 --> 01:17:39,990what's so outrageous about this,you know, a normal person has to123501:17:39,990 --> 01:17:43,920work his whole life or her wholelife to make like, a million123601:17:43,920 --> 01:17:46,500bucks, you know, and it's very,very hard. And there is a123701:17:46,500 --> 01:17:49,050separate part of the populationthat can just print the button123801:17:49,050 --> 01:17:51,000and they have a million bucks,you know, like, that's, it's,123901:17:51,000 --> 01:17:54,060it's very interesting. And it'sa question about morality,124001:17:54,090 --> 01:17:57,240for this very reason that thisrule exists, that if people have124101:17:57,240 --> 01:18:00,990it, they will use it that I'meven more convinced now that the124201:18:00,990 --> 01:18:04,380UFOs have blocked the launch ofnuclear weapons, they're not124301:18:04,380 --> 01:18:07,380going to fire I'm not worriedabout nuclear war. I haven't124401:18:07,380 --> 01:18:10,950been ever since I heard aboutthe UFOs, disabling them, like124501:18:10,950 --> 01:18:14,190someone would have pushed DEP bynow. There's no you're not124601:18:14,190 --> 01:18:17,370getting a theorem in for metoday. But, but124701:18:17,430 --> 01:18:20,940just just to maybe finish thisthought about answering the124801:18:20,940 --> 01:18:23,700question of who should beallowed to issue and control the124901:18:23,700 --> 01:18:27,180money with gold. And that's whatyou rightly pointed out that,125001:18:27,180 --> 01:18:29,340you know, like, all the hardmoney forks, they want to solve125101:18:29,340 --> 01:18:32,010this problem, and they're all inthe, in the same boat, so to125201:18:32,010 --> 01:18:34,680speak. And I kind of agree withthat, you know, and with gold,125301:18:34,680 --> 01:18:38,610it was like, Okay, let's say forwhat God created gold and125401:18:38,610 --> 01:18:40,650distributed all across theearth, and everyone who is125501:18:40,650 --> 01:18:44,310willing to dig for it, you know,gets the gold. So this is gold125601:18:44,310 --> 01:18:47,850mining, of course, and who canwho can like control the flow of125701:18:47,850 --> 01:18:51,510gold, because it isdecentralized in gold coins, you125801:18:51,510 --> 01:18:52,950know, and of course, you know,their standard, blah, blah,125901:18:52,950 --> 01:18:56,040blah, we can get into like, deepphilosophical debates about126001:18:56,040 --> 01:18:58,440that, but still, like, I canhand you a gold coin, and126101:18:58,440 --> 01:19:00,510there's nothing anyone can doabout it. You know, that's the126201:19:00,510 --> 01:19:03,240whole idea. It's, that's whereit is again, because it is126301:19:03,240 --> 01:19:05,640distributed that's why it'scensorship resistant. That's why126401:19:05,670 --> 01:19:09,060That's why cash is so so that's,that's why cash is so important126501:19:09,090 --> 01:19:13,170for society. And that's also whyin general, like the powers that126601:19:13,170 --> 01:19:16,890be want to get rid of, of cash,and that Bitcoin answer, which126701:19:16,890 --> 01:19:20,880is again a technical answer tolike a question of philosophy126801:19:20,880 --> 01:19:24,060and morality, the Bitcoin answerto who should be allowed to126901:19:24,060 --> 01:19:28,410issue and control the money,this basically, everyone should127001:19:28,410 --> 01:19:32,970be allowed to have access to themoney and no one is allowed to127101:19:32,970 --> 01:19:36,510print money, you know, like 21million Bitcoins exist, you127201:19:36,510 --> 01:19:39,540cannot make more. It's just theyare basically hidden in127301:19:39,540 --> 01:19:43,590mathematical space and all thatminers do is dig out those 21127401:19:43,590 --> 01:19:47,370million Bitcoins, and it isfixed in time. That's why the127501:19:47,460 --> 01:19:51,000the issuance of Bitcoin is knownthat you can think of it as like127601:19:51,000 --> 01:19:55,410a substance that the harder youtry to find it, the harder it127701:19:55,410 --> 01:19:58,230will be to find. This is thedifficulty adjustment. The127801:19:58,230 --> 01:20:00,930harder you dig into the ground,the Moore's constant gets127901:20:00,960 --> 01:20:04,500Dave and I have agreed we areretiring at block height 1128001:20:04,500 --> 01:20:05,010million.128101:20:05,520 --> 01:20:07,020There you go. That's how you doit now.128201:20:07,080 --> 01:20:11,250Yeah, that's bitcoin is the isthe true time. Speaking of128301:20:11,400 --> 01:20:14,310speaking of cash, Dave should wethank some people and we will128401:20:14,310 --> 01:20:17,640cognizant of your time today youhave the oh yeah sure. Get back128501:20:17,640 --> 01:20:17,940again.128601:20:17,970 --> 01:20:20,610You want to stick around andhear some histograms Jake128701:20:20,610 --> 01:20:23,610always always Shall I start offwith what's coming live here a128801:20:23,610 --> 01:20:27,090couple more things Dave? Sure.Cuz we got to figure out how to128901:20:27,090 --> 01:20:31,200do this now. This is this is agreat way to raise funds for the129001:20:31,200 --> 01:20:36,120for the project. I'll tell youthat 3333 from cotton gin, I'm129101:20:36,120 --> 01:20:38,700boosting while getting ahaircut. The stylist is129201:20:38,700 --> 01:20:45,930bewildered. It's great. Then wegot a whole slew of 100 sat129301:20:45,930 --> 01:20:50,520boosts unknown from who but alsoa 10k boost from Tim K over129401:20:50,520 --> 01:20:53,190there to Ellen pay who of courseis powering a lot of what we're129501:20:53,190 --> 01:20:53,640doing.129601:20:54,900 --> 01:20:56,970Tim K I love it. Yeah, yeah,129701:20:57,000 --> 01:20:59,970no I because I send out the badsignal. I said man, people are129801:20:59,970 --> 01:21:01,860boosting but that's not comingthrough. It's only coming129901:21:01,860 --> 01:21:03,990through from breeze and ofcourse I'm an idiot was coming130001:21:03,990 --> 01:21:08,040through from Korea Kassar allthe time. Cold acid gets a tip130101:21:08,040 --> 01:21:14,760of the hat for 33334 His commandline boost, Graeme? Pew pew pew.130201:21:16,170 --> 01:21:22,050Let me see who else did I gethere? Brian of London 1948. By130301:21:22,050 --> 01:21:24,510far the hardest part of myrelearning to code has been my130401:21:24,510 --> 01:21:26,880experience setting up devenvironments. But once you get130501:21:26,880 --> 01:21:31,560it working, it's great. Oh, yes.And 5000 from see Mike running130601:21:31,560 --> 01:21:35,430with scissors doing it livewhile boosting. Yes, indeed. And130701:21:35,430 --> 01:21:38,400I think I think those are theother ones I read to those of130801:21:38,400 --> 01:21:40,800most of the came in during thelive show. Thank you all very130901:21:40,800 --> 01:21:42,900much. Because that that doesmake a difference.131001:21:44,400 --> 01:21:46,860Do y'all read this on your show?131101:21:47,220 --> 01:21:52,860GG we experimented with a bunchof things that we want to do and131201:21:52,890 --> 01:21:57,000and we're still trying to figureit out. We actually championed131301:21:57,030 --> 01:22:01,140the idea of boosters comments,because we we built a little131401:22:01,140 --> 01:22:04,410script that that farms thebooster grams, so to speak131501:22:04,440 --> 01:22:08,580well, again, there's users youcan't fight the users can I131601:22:08,580 --> 01:22:10,050won't fight users ever?131701:22:10,890 --> 01:22:15,060Yeah, so So we showed them onthe on the podcast site as like,131801:22:15,090 --> 01:22:19,110you know, common fields. It'svery similar to comments below a131901:22:19,110 --> 01:22:22,080YouTube clip or what have you.But I think you know, everyone132001:22:22,080 --> 01:22:24,930is still in the process oftrying to figure out how to use132101:22:24,930 --> 01:22:26,850this best and what was the gramsare and so on.132201:22:27,360 --> 01:22:29,640Yeah, there's a real there's areal feature discovery thing. I132301:22:29,640 --> 01:22:30,360mean, I want132401:22:30,360 --> 01:22:33,570to I want to boost the gramclock just kind of like the the132501:22:33,570 --> 01:22:36,480block clock. Yeah, I wantsomething I can just put in my132601:22:36,480 --> 01:22:39,690house and I just you know justjust see the booster gram true.132701:22:39,720 --> 01:22:40,980Ya know, it's pew pew132801:22:41,070 --> 01:22:42,990and that's all the sets up andonly goes up.132901:22:43,380 --> 01:22:45,780Yeah, that's all Yeah. All daylong. Pew pew.133001:22:47,370 --> 01:22:52,650We got a we got one paper. Wegot one weekly pay pal. That was133101:22:52,650 --> 01:22:59,940$6.66. From Who's this from?That is from Greg Kovalchuk. And133201:23:00,060 --> 01:23:04,470then the note is for six hours.66 minutes to notice. Don't be a133301:23:04,470 --> 01:23:05,820dick. Okay.133401:23:06,990 --> 01:23:10,110All right. Yeah. Thank you. Oh,yeah, we agree with that. That's133501:23:10,110 --> 01:23:10,980a good message.133601:23:11,070 --> 01:23:15,900Not Google's motto. But that'sokay. So, that was the only133701:23:15,900 --> 01:23:17,490paper we got a bunch of booststhough.133801:23:17,490 --> 01:23:20,520Look at our transition, though.We're transitioning from PayPal133901:23:20,520 --> 01:23:24,390from the fiat money system tolightning.134001:23:25,560 --> 01:23:29,430Yeah. And we beautiful fingerscrossed the entire time that134101:23:29,430 --> 01:23:31,380lightning doesn't collapse.Yeah, well, there's that.134201:23:31,980 --> 01:23:37,380There's that. Yeah, it's runningwith scissors. 3333 from Chad F.134301:23:37,890 --> 01:23:41,220He says I see the live so Iguess that was from Yeah, there134401:23:41,220 --> 01:23:43,770must be three. Yeah, yeah. Yeah.And134501:23:44,250 --> 01:23:48,390see 2222 A row ducks fromStephen B. He says live Boone's.134601:23:53,280 --> 01:23:58,020Servo I guess this sounds like ano agenda guy SRV Oh, three134701:23:58,020 --> 01:23:59,760curio Castries Is it him?134801:23:59,880 --> 01:24:03,840Yes sir. And he is not just a noagenda guy. He also has a node134901:24:03,840 --> 01:24:06,420with a channel because I wasjust looking at them all today.135001:24:06,990 --> 01:24:08,910Oh, nice. Okay, thank you.135101:24:09,390 --> 01:24:15,300And we get a 233 330 threes fromSir Spencer. Whoa. Hey says135201:24:15,330 --> 01:24:19,230Welcome to Live podcasting 2.0boardroom congrats to Steven V135301:24:19,230 --> 01:24:22,980for enabling live item in curiocaster Hey other podcast apps do135401:24:23,010 --> 01:24:25,800you need to catch up in the liveitem support? Let's go135501:24:31,980 --> 01:24:34,230see, we might not see it. Thisis anonymous. This is from135601:24:34,230 --> 01:24:39,180Darren O'Neal. Okay. 10,034cents through Bryce. He says135701:24:39,180 --> 01:24:43,740what he says one more than CSB.Thank you for your courage boost135801:24:44,490 --> 01:24:48,420through and CSB under the bus Isee. Martin from pod friend he135901:24:48,420 --> 01:24:51,660says boosting live historictimes indeed. I spread myself136001:24:51,660 --> 01:24:55,260too thin on House job andvarious pot friend tasks. But I136101:24:55,260 --> 01:24:57,900hope to have live and commentsready for next week's episode.136201:24:57,930 --> 01:25:01,110Oh, you know the crazy day it'llshow up and have it all done and136301:25:01,110 --> 01:25:03,150slick looking as usual Yeah.136401:25:04,529 --> 01:25:06,929In in the background is floorswill be nice and waxed136501:25:08,340 --> 01:25:10,620and while he's cooking dinnerfor his wife yeah136601:25:13,110 --> 01:25:16,230chat F again with a boost 5000SATs he just says136701:25:16,230 --> 01:25:17,880boost yo Thank you136801:25:19,980 --> 01:25:24,030drips got 10,000 SATs throughcurio caster and he says go136901:25:24,030 --> 01:25:34,410podcasting podcast Thank youdrew see anonymous okay. I don't137001:25:34,710 --> 01:25:39,750know who this is. And I'mwondering if it may be Roy137101:25:40,500 --> 01:25:46,080through breeze and 1948 SAS hesays do it live Shabbat Shalom137201:25:46,080 --> 01:25:46,830from Israel?137301:25:47,400 --> 01:25:50,520Maybe what's what's the number?What's the numerology on it?137401:25:51,180 --> 01:25:52,650194 1940137501:25:52,680 --> 01:25:55,410Oh no, that's Brian of London.Yeah, I see I recognize people137601:25:55,410 --> 01:25:56,790by their boost amounts now.137701:25:57,270 --> 01:26:02,490Yeah, you'll get anothernumerology boosts on closing the137801:26:02,490 --> 01:26:02,760loop.137901:26:02,910 --> 01:26:06,210Yeah, definitely. We got some ofthose as well. I think you know,138001:26:06,210 --> 01:26:11,310in in Bitcoin land there's a lotof like 21 sets and multiples of138101:26:11,310 --> 01:26:13,32021 Yeah,138201:26:13,320 --> 01:26:16,890of course of course and some420s You wait wait until April138301:26:16,890 --> 01:26:17,580rolls around.138401:26:19,500 --> 01:26:24,600Blueberry sinister boob donation808 And he says Happy live day138501:26:24,600 --> 01:26:28,500when we get when we get the nodefor behind the schemes up and138601:26:28,500 --> 01:26:30,870running again. It's ourintention to make a split in the138701:26:30,870 --> 01:26:35,670index split to the index. Verylegal. Bad radio lot dot live is138801:26:35,670 --> 01:26:39,870a place one could head for pulppunk. sciency conspiracy138901:26:39,870 --> 01:26:41,010hypothesizing139001:26:41,520 --> 01:26:43,800Ooh, sounds like the show for meI like it.139101:26:45,450 --> 01:26:47,640That is very Satan knee okay,139201:26:47,730 --> 01:26:50,580but very cool that you'reputting putting us in your split139301:26:50,580 --> 01:26:54,510and we have our lightning nodein the show notes if anyone else139401:26:54,510 --> 01:26:58,290wants to add an extra split fromyour podcast for for the index139501:26:58,290 --> 01:26:59,940for the whole project beappreciated139601:27:00,840 --> 01:27:04,800servo again with 333 through thefrom the says hello from the139701:27:04,800 --> 01:27:07,830boost CLI a lot of love for theboost command line.139801:27:07,860 --> 01:27:10,980It is kind of fun to do thatI've experimented a bit with it.139901:27:10,980 --> 01:27:11,850It's kind of cool.140001:27:12,150 --> 01:27:15,870And in quite scriptable to yeahcan end up with a with a Brian140101:27:15,870 --> 01:27:17,400of London style cron140201:27:17,400 --> 01:27:20,010job or Hey, put a cron job140301:27:21,600 --> 01:27:23,880Okay, that's it. That's it.That's the new marketing thing140401:27:23,880 --> 01:27:32,970is put us in your cron jobStephen B 5000 says it's nice140501:27:32,970 --> 01:27:34,980listening live hope he saysdon't slow down140601:27:36,090 --> 01:27:39,120No, it's been it's been greatthis thing is flying man. I140701:27:39,120 --> 01:27:41,760can't believe it we've had howmany lives we have we must have140801:27:41,760 --> 01:27:43,71050 Different live booster grams.140901:27:43,980 --> 01:27:48,780Goodness gracious. So thisthat's me that's a test boost141001:27:48,780 --> 01:27:50,100What am I doing booster myself?141101:27:50,159 --> 01:27:54,719I see legal Stop it might newmight know that your dice and go141201:27:54,719 --> 01:27:57,299into the bathroom and you needto boost yourself. Okay.141301:27:58,260 --> 01:28:05,880Take your noodles with you. MikeNewman 21 112 Super rush boost141401:28:06,420 --> 01:28:09,870answer. He says boosting thelive go podcasting boost boost141501:28:09,870 --> 01:28:14,730boost podcast. These are fromlast week's live that I believe141601:28:14,730 --> 01:28:20,070so. Yeah. So first time doing itlive from Chad Pharaoh. 101 says141701:28:20,070 --> 01:28:28,620Thank you Chad 50 Oh, this isfrom Roy 54th As 54321 54,321141801:28:28,620 --> 01:28:29,550says Drew Brees.141901:28:29,579 --> 01:28:32,939Wow, how about that? Thank youbrother.142001:28:33,600 --> 01:28:35,460Coming in, in a big way. Man,Roy142101:28:35,550 --> 01:28:38,040is that a baller is a ballerwith that he's142201:28:40,650 --> 01:28:43,860looking through I'm lookingthrough the list here. He may be142301:28:43,860 --> 01:28:44,370the baller142401:28:45,570 --> 01:28:49,410shot 20 blades on the Impala142501:28:50,400 --> 01:28:52,830he's not the baller boots weregiven give to him anyway though,142601:28:52,860 --> 01:28:54,240because that's that's a big one.142701:28:54,570 --> 01:29:00,390The and a millennial in the inthe chat room says he or she got142801:29:00,390 --> 01:29:02,370their first cron job at 16142901:29:08,010 --> 01:29:10,980tell you the comedy writesitself when you do this live is143001:29:10,980 --> 01:29:11,490great143101:29:11,789 --> 01:29:17,639at the prom, feelin cast peeling3300 sets through fountain he143201:29:17,639 --> 01:29:21,449says thanks for all the workwell. You're welcome Cass eight143301:29:21,449 --> 01:29:27,359686 75 from a very long usernamethat's undecipherable through143401:29:27,359 --> 01:29:30,269fountain he says boosting tobalance my channels143501:29:31,410 --> 01:29:34,860can be used please feel. Feelfree to do that as as much as143601:29:34,860 --> 01:29:36,870you want. Cameron from wait.143701:29:37,260 --> 01:29:42,930This is Cameron at IPFSpodcasting dotnet great utility.143801:29:42,930 --> 01:29:44,430This is a bat channel balanced.143901:29:45,780 --> 01:29:49,590Balanced your channel byboosting us. It's a balanced144001:29:49,590 --> 01:29:51,120boost. Come on people.144101:29:51,720 --> 01:29:56,730Were GG we're basing our show isbasically a loop out. Yeah,144201:29:57,390 --> 01:29:59,550we were submarine swap.144301:29:59,760 --> 01:30:05,430So Have a swap? Yes. So seethat's that's for me again 500144401:30:05,430 --> 01:30:09,480sets from Dale through castmedic. He says your point about144501:30:09,480 --> 01:30:13,920creators at about 78 minute andabout 78 minutes Adam. I144601:30:13,920 --> 01:30:16,740switched to a value supportingapp when I learned on Linux144701:30:16,740 --> 01:30:19,830unplugged that I can use it tocompensate Jupiter broadcasting144801:30:19,830 --> 01:30:23,010podcasts at a level of mychoosing. Oh, that's cool. Yeah,144901:30:23,370 --> 01:30:27,870yeah Chris Fisher ever Jupiterall those shows Linux unplugged145001:30:27,870 --> 01:30:32,520and Coda radio and he's beenextremely supportive. I could145101:30:32,520 --> 01:30:36,150have pulled I don't know six orseven clips over the last two145201:30:36,150 --> 01:30:39,330weeks of their their full onwith value for value. They're145301:30:39,330 --> 01:30:43,230doing booster grams, readingthem on the show. And145401:30:43,439 --> 01:30:46,349they get it they they actuallydo they get it145501:30:47,730 --> 01:30:52,260anonymous through cast MATIC2000. Sasson says any reverse145601:30:52,260 --> 01:30:55,470value system would most likelyget abused to make a quick buck.145701:30:55,860 --> 01:31:01,500That's possible. Yeah. Truelayman creations. As Andy145801:31:01,500 --> 01:31:05,610layman. Our buddy 32 sets thecast ematic he says oh, keeping145901:31:05,610 --> 01:31:09,690software updated to date is apain in the bud. Yes, it is.146001:31:09,690 --> 01:31:12,750Andy is software No kidding.Always a pain? Yeah.146101:31:13,140 --> 01:31:16,620That's why I love the web apps.Yeah, updated in the background146201:31:16,620 --> 01:31:17,760for me. I'll just use it.146301:31:18,240 --> 01:31:23,940PW A's Mm hmm. Cotton Gin 508sets. And he just says live.146401:31:24,570 --> 01:31:28,890Yes. Thank you. Thank you cottongin. Oh, here's a row of sevens146501:31:28,890 --> 01:31:32,730from soaring Satoshis I likethat name. Through breeze and he146601:31:32,730 --> 01:31:38,520says boost. Yo, how you doingbooster. Row? Oh, that's for146701:31:38,520 --> 01:31:42,240you. You're testing you're doingchannel testing. Adam with the146801:31:42,240 --> 01:31:43,200road outside?146901:31:43,560 --> 01:31:46,260At least at least I'm notboosting myself. I am boosting147001:31:46,260 --> 01:31:50,010myself. I guess I'm I'm tryingto clear out my pipes.147101:31:50,670 --> 01:31:52,020Clear. Ice.147201:31:52,200 --> 01:31:55,020Yeah can only go downhill fromhere.147301:31:55,290 --> 01:32:00,090Dice is good for that. Nomad,Joe 2000 SATs through fountain147401:32:00,090 --> 01:32:02,910and he says greetings from theroad. Well, greetings nomad.147501:32:02,910 --> 01:32:08,550Joe. I know that Mr. Graham fromAdam. I'm going through these in147601:32:08,550 --> 01:32:13,740real time here because I didn'thave time to print them. Another147701:32:13,740 --> 01:32:16,410Darrin Oh, Darrin O'Neill boost.Oh, this time this is a big147801:32:16,410 --> 01:32:21,150133 333 through breeze and hesays I do have stats from random147901:32:21,150 --> 01:32:24,630thoughts unrelenting and planetrage. This is your vague148001:32:24,690 --> 01:32:27,270Oh yeah. Thank you. Yeah, thatwas from the last show.148101:32:27,750 --> 01:32:34,890Okay, it gave us the big C thatis a another one from Roy. So148201:32:34,920 --> 01:32:38,4601234 sets he says Hi Dave. Don'tforget to respond to my148301:32:38,460 --> 01:32:39,000telegram.148401:32:41,370 --> 01:32:43,920I love when people pay us tocome to the phone.148501:32:45,540 --> 01:32:48,480He says if boosting is what ittakes to get you to reply, I'm148601:32:48,480 --> 01:32:53,670game. Boost. Alright, you don'twant to encourage that with me148701:32:53,730 --> 01:32:57,720because that may become a thing.Oscar Mary through fountain he148801:32:57,720 --> 01:33:01,680says first time but not the last100 Once ads. Thank you. Chad148901:33:01,680 --> 01:33:06,720Pharoah 333 33 through curiocaster. He says. I hear you loud149001:33:06,720 --> 01:33:09,030and clear. That's probablythat's probably just tuning into149101:33:09,030 --> 01:33:12,960the live stream. A lot oftesting here they here's some149201:33:13,110 --> 01:33:19,170Unicode string. indecipherablethat's always great. And mere,149301:33:19,410 --> 01:33:23,310mere mortals podcast. Kyron. Hesays, I was screaming at my149401:33:23,310 --> 01:33:27,330screen the entire time. YouTubehas comments. Can whoever is149501:33:27,330 --> 01:33:29,790creating the shirts have apicture of Adam and Dave running149601:33:29,790 --> 01:33:33,690with scissors? And the wordspodcasting 2.0 The YouTube149701:33:33,690 --> 01:33:36,270killer on mine please and thankyou. Is it done yet?149801:33:37,710 --> 01:33:38,670Is it isn't yet?149901:33:39,330 --> 01:33:41,310That's a road dogs 2222150001:33:41,400 --> 01:33:43,260Oh yeah, we'll hit a road duckthere150101:33:48,900 --> 01:33:55,050John's BRT 49,000 SATs. He sayswe're he says we're gonna make150201:33:55,050 --> 01:33:59,910it pewpewpew No, no. We're gonnamake it work. Don't150301:33:59,910 --> 01:34:02,100worry. Thanks as long as we makeit doesn't matter what we're150401:34:02,100 --> 01:34:03,480gonna make it. He150501:34:04,110 --> 01:34:08,100sounds like a song from thehairbands All right.150601:34:08,100 --> 01:34:09,630I think we're gonna make it150701:34:13,020 --> 01:34:16,260Oscar marry 10 SATs. Oh,150801:34:16,650 --> 01:34:17,520hold on a sec.150901:34:18,690 --> 01:34:26,790whooshed that's that's come onOscar. Game really bro. SC OTT151001:34:27,240 --> 01:34:31,470for gave us 10,420 SATs. He saysNice. Just a quick boost. Thank151101:34:31,470 --> 01:34:37,260you guys. Thank you. Okay, andI'll see you later. Here's the151201:34:37,260 --> 01:34:44,010baller boost from Sir billthrough fountain 300,000 SATs151301:34:44,040 --> 01:34:44,880Whoa,151401:34:45,119 --> 01:34:49,229there it is shot Carla 20 bladeson I am Paul.151501:34:50,100 --> 01:34:55,890Nice. Oh, holy crap. I rememberseeing this. This reflected in a151601:34:55,890 --> 01:34:56,940channel somewhere.151701:34:57,570 --> 01:35:00,570Oh, yes. You see the channelswing. Yeah, but Guess dumps151801:35:00,570 --> 01:35:03,810from one side to the other. Lovethe show and keep up the good151901:35:03,810 --> 01:35:05,640work. That's all I said. Thankyou.152001:35:05,940 --> 01:35:08,010Thank you so much. That's reallyappreciated.152101:35:09,870 --> 01:35:13,530Sir. You know what, sir? Bill?We need proof of identity here152201:35:13,530 --> 01:35:18,150because it's possible. God isjust impersonated? Yeah,152301:35:18,150 --> 01:35:21,540right. We have no idea that wethink it's all Dred Scott. We152401:35:21,540 --> 01:35:24,720think in podcasting 2.0 issuccessful and it's just drab.152501:35:25,260 --> 01:35:28,980Yes. He's the only the only guyright. Yeah. Dred Scott.152601:35:29,010 --> 01:35:31,500Yeah, you'll never know. That'sthe beauty of it.152701:35:31,530 --> 01:35:32,970That is Yeah, it's true.152801:35:33,840 --> 01:35:39,000Anonymous, another anonymous2000 Sasuke. Cast. ematic says,152901:35:39,060 --> 01:35:42,420oh, that's that's a repeat.That's another one. Satoshi153001:35:42,420 --> 01:35:49,080stream 5552. Through fountain,and he says, more stats. The153101:35:49,080 --> 01:35:55,200average boost to Satoshi streampodcast is 1557 SATs. Average153201:35:55,230 --> 01:35:59,550streaming payment is 36 sets.That makes sense. Yeah,153301:35:59,550 --> 01:36:03,450actually, my streaming is set to40 sets. What is that? What are153401:36:03,450 --> 01:36:03,900you at?153501:36:03,959 --> 01:36:05,129I'm at 100.153601:36:05,910 --> 01:36:06,810What are you at GG?153701:36:07,620 --> 01:36:12,330Um, well, I think I'm a 21.Yeah, so I'm below average. And153801:36:12,330 --> 01:36:14,850you are both above average, butI'm not surprised about that.153901:36:15,270 --> 01:36:15,540You're154001:36:17,160 --> 01:36:18,870You're a below average streamer.154101:36:18,900 --> 01:36:22,260You know, he didn't play withthe dice long enough as a kid.154201:36:23,070 --> 01:36:24,120That's that's probably.154301:36:24,570 --> 01:36:27,780Yeah. That Well, that's theproblem. You're doing it all on154401:36:27,780 --> 01:36:30,720a piece of paper. You need toactually do it in the app. Yes.154501:36:31,110 --> 01:36:34,410Please get with it. It does helpa little bit with that. Yes.154601:36:34,410 --> 01:36:36,180What do you use? Which app doyou use? Eg154701:36:36,990 --> 01:36:39,750I'm on brace. Brace. I reallylike brace. Yeah.154801:36:40,890 --> 01:36:44,670Dave Jackson says 5150 says oh,that's yeah, we know what's up154901:36:44,670 --> 01:36:49,410with that. Dynamic Contenthoarded. Wait, wait. Dynamic155001:36:49,410 --> 01:36:52,440content. horked. My old schoolchapters I made in Hindenburg.155101:36:52,440 --> 01:36:54,870Podcasting. 2.0 to the rescue,go podcasting.155201:36:54,900 --> 01:36:56,370Yay. Podcast.155301:36:59,550 --> 01:37:03,030The Bootstrap bandit Tim Kthrough fountain he sent 101155401:37:03,030 --> 01:37:04,410SATs as wild.155501:37:06,600 --> 01:37:12,690Alright, man. Nice. You gave ashout out to bootstrap banded.155601:37:12,690 --> 01:37:15,450He built a lot of cool stuff inthe Bitcoin ecosystem.155701:37:15,480 --> 01:37:18,480Oh my goodness. Yeah. Well,right now a lot of a lot of us155801:37:18,480 --> 01:37:19,410is running on him.155901:37:19,919 --> 01:37:23,759Yeah. Tim Kay's incredible. Verynice. Well, we'll talk about156001:37:23,759 --> 01:37:26,429next week we came up with somegood ideas. I think so had a156101:37:26,429 --> 01:37:30,299call with him and Oscar. OnWednesday. I think we we hashed156201:37:30,299 --> 01:37:36,389out some some pretty cool stuff.super nerd Media gave us 12,345156301:37:36,389 --> 01:37:39,929sets. And he says on behalf ofmy podcasting partner and156401:37:39,929 --> 01:37:42,269Barnhart, thank you foreverything y'all are doing to156501:37:42,269 --> 01:37:45,719preserve and protect podcastinggoing forward. We cordially156601:37:45,719 --> 01:37:48,989invite you to check out theBarnhart podcast, a show which156701:37:48,989 --> 01:37:51,329mainly focuses on issuesregarding the Catholic Church156801:37:51,329 --> 01:37:53,729today. Listen, that soundsinteresting and listen to that.156901:37:54,359 --> 01:37:57,809with particular emphasis on thequestion. Which of the two157001:37:57,809 --> 01:38:01,649bishops in white is actually thecurrent pope? The answer may157101:38:01,649 --> 01:38:07,409surprise that sounds like mykind of shit.157201:38:07,770 --> 01:38:12,120I love that I love about thepope stuff and you get to read157301:38:12,120 --> 01:38:16,170Viggo No, what's the X Bishop? Ithink or Cardinal whatever he157401:38:16,170 --> 01:38:20,400is. It's just it's a mess. Manis fun. It's it's, it's almost157501:38:20,400 --> 01:38:22,410like a true crime podcast.157601:38:23,010 --> 01:38:25,200Well, you did. I mean, youessentially chose the current157701:38:25,200 --> 01:38:26,550pope. So I mean, oh, yeah, I157801:38:26,550 --> 01:38:30,000called him right away. I saidthat guy is Yep. Yeah, I did.157901:38:32,040 --> 01:38:36,180Sir Doug 4400 SATs throughfountain. He says I'm not a158001:38:36,180 --> 01:38:38,760developer. And I'm not apodcaster just a passionate158101:38:38,760 --> 01:38:41,010listener that really appreciateswhat you guys are doing.158201:38:41,310 --> 01:38:44,220Thank you. So nice. Nice. Yes.Very nice.158301:38:44,760 --> 01:38:50,580And the delimiter mafia blogger.Here he is everybody 10,033 SAS,158401:38:50,580 --> 01:38:52,290which is one less than DarrinO'Neill.158501:38:52,860 --> 01:38:55,500Yeah, I have to point that out.Yes.158601:38:56,190 --> 01:38:59,850Hi, a David Adam. Let theRussian invaders be damned. And158701:38:59,970 --> 01:39:02,760your listeners are warmlyinvited to listen to a podcast158801:39:02,760 --> 01:39:07,050named AI cookies by GregoryWilliam Forsythe Forman from158901:39:07,050 --> 01:39:10,410Kent. Latest Episode 26 Apartfrom news about artificial159001:39:10,410 --> 01:39:15,120intelligence covers, ml ops kindof DevOps but from machine159101:39:15,120 --> 01:39:16,080learning yo,159201:39:16,560 --> 01:39:20,040yo to you comics throughblogger. He's gotten creative.159301:39:20,040 --> 01:39:21,930He's changed the message a bit.I appreciate that.159401:39:22,740 --> 01:39:25,020Too. More like it out of thecron job. He's doing it by hand159501:39:25,020 --> 01:39:25,290now.159601:39:26,220 --> 01:39:32,970Thank you cotton gin for your22,222 Live booster Graham. He159701:39:32,970 --> 01:39:34,350says go podcasting159801:39:39,750 --> 01:39:40,620that just came in.159901:39:41,310 --> 01:39:47,520Okay. But guess a month lease toSir Alex gates. The podcasting160001:39:47,520 --> 01:39:52,4402.0 Consulting gave us $25 Brownof London $10 of Hive. That's an160101:39:52,440 --> 01:39:55,080automatic thing. Yes. Alwayskeep forgetting. Thank you.160201:39:55,710 --> 01:39:59,760Thank you, Brian. JeffreyRutherford. $5 Chris gallon $5160301:39:59,760 --> 01:40:05,520Cheers. Kevin Hall five $10Damon Castle Jack $15 sore and160401:40:05,520 --> 01:40:12,360Miller $10 David Norman $25Derek J. Vickery. $21. Great160501:40:12,360 --> 01:40:18,120name. Paul Saltzman $22.22. AndPaul sent me a message and I'm160601:40:18,120 --> 01:40:21,000pretty sure I read. I'm prettysure this is one you're talking160701:40:21,000 --> 01:40:23,910about if you send a differentone and I didn't get that one,160801:40:23,910 --> 01:40:26,070let me know Paul. No, I'll readit out. I may have missed it.160901:40:26,670 --> 01:40:32,310Jeremy Gertz $5 Timothy Hudginsmy buddy $25. David would find161001:40:32,310 --> 01:40:39,270$3 Lauren ball $24.20 survive onthe sea survive give Ash $5161101:40:39,660 --> 01:40:45,330Basil trust $1 and ThomasSullivan, Jr. $5.161201:40:45,630 --> 01:40:50,940This is highly appreciated,especially it always, always161301:40:50,940 --> 01:40:54,000really gets me when I see howmany people who are already161401:40:54,000 --> 01:40:56,730delivering their time and talentto the project, then add some161501:40:56,730 --> 01:41:00,540treasuring is so appreciated theentire project, everything is161601:41:00,540 --> 01:41:06,930financed through the support andthat is coming from you. We it's161701:41:06,960 --> 01:41:10,050the only way this project willwork. As you can tell, we can161801:41:10,050 --> 01:41:13,920speak freely, we have no wonderthey can lock us down or turn us161901:41:13,920 --> 01:41:17,610off because they don't agreewith some thing. It's just what162001:41:17,610 --> 01:41:21,030a great group, a unbelievablegroup of people working on this.162101:41:22,320 --> 01:41:25,140You can support us by going topodcast index.org That's where162201:41:25,140 --> 01:41:27,810we still accept your Fiat fundcoupons, especially those162301:41:27,810 --> 01:41:30,420monthly fees are veryappreciated. Put us in your162401:41:30,420 --> 01:41:33,030crontab. Everybody that'd begreat. Appreciate that162501:41:33,060 --> 01:41:37,050personally crontab. With withthe command line boosts up oh,162601:41:37,710 --> 01:41:45,660just came just came in a balanceboost. Oh 250,000 SATs from Alex162701:41:45,660 --> 01:41:49,380gates giving myself some inboundliquidity. He says162801:41:50,700 --> 01:41:55,110you balance in the channel. Youdo too much rather you do too162901:41:55,110 --> 01:41:55,530much?163001:41:56,640 --> 01:41:59,190What if what if it turns outthat this is the real purpose of163101:41:59,190 --> 01:42:00,090the common system?163201:42:02,250 --> 01:42:06,450Quiet? It's the balancing? Hey,balance of Satoshis Get the hell163301:42:06,450 --> 01:42:09,960out of here. Who needs you? Wedon't need thunder hub. We just163401:42:09,960 --> 01:42:12,870need booster grams. That's howwe balance. Thank you very much,163501:42:12,870 --> 01:42:16,620Alex, that's way above andbeyond brother. So that's what163601:42:16,620 --> 01:42:20,220I'm talking about. And if you'rea listener, if you agree with163701:42:20,220 --> 01:42:22,500what we're doing here, which Howcould you not we've made163801:42:22,500 --> 01:42:25,500podcasting better. We've madeit, we've protected it, we're163901:42:25,500 --> 01:42:29,370enhancing it, we're extending itsupport the project as well.164001:42:29,400 --> 01:42:33,780Everything helps. And of course,all the Satoshis go into164101:42:33,810 --> 01:42:38,970liquidity. For all the nodes. Wehave 132 channels at today,164201:42:39,360 --> 01:42:42,540interactive. And we're proud ofit. We're not doing it the way164301:42:42,540 --> 01:42:45,030everyone else does. But it doesseem to be working again.164401:42:45,030 --> 01:42:48,750Appreciate it. Get a modernpodcast app, a new podcast164501:42:48,750 --> 01:42:52,170apps.com You can participate inthe live chat in the live164601:42:52,170 --> 01:42:56,640booster grams. Or just enjoy allof the new features podcasting164701:42:56,640 --> 01:43:00,7802.0 has to offer. Thank you somuch for supporting episode 78.164801:43:01,470 --> 01:43:04,770Yeah, and it it's it's so it'sreally cool because you can tell164901:43:04,770 --> 01:43:08,190exactly where the stuff isgoing. Because like we got a we165001:43:08,190 --> 01:43:14,010got a somebody sent us six $6donation this month, this week165101:43:14,040 --> 01:43:17,640from PayPal, it seems like it'snot very much. But I'm also but165201:43:17,640 --> 01:43:20,760I spun up a new Linode VM totest the aggregate then you165301:43:20,760 --> 01:43:24,450aggregator stuff. And it's a $5VM and exactly that totally165401:43:24,450 --> 01:43:29,070covered it. Also, you know, wegot a 300,000 set boost today.165501:43:29,400 --> 01:43:33,690And we literally opened a300,000 sets rental to a new165601:43:33,690 --> 01:43:35,100podcaster this morning. That'sright.165701:43:35,100 --> 01:43:37,710Isn't that beautiful? How thatworks. I love that because that165801:43:37,710 --> 01:43:40,110Dave and I like, you know, Davewill check with me because I165901:43:40,170 --> 01:43:44,670manage to kind of manage thenode kind of for good or for166001:43:44,670 --> 01:43:47,910bad. And he's like, Hey, can youopen the channels? Yeah, I'm166101:43:47,910 --> 01:43:50,220gonna do 300 Because it's forJupiter, right?166201:43:50,640 --> 01:43:52,170Yeah, it's for one of their newshows. Yeah,166301:43:52,350 --> 01:43:54,930yes, I'm expecting these guyswill need some some good166401:43:54,930 --> 01:43:58,050liquidity. So let's do 300k Ilook, you know, we had we have166501:43:58,050 --> 01:44:01,1101.8 left on chain, you know,like there's one or two I can166601:44:01,110 --> 01:44:04,710prune. But to have this come in,right at this moment is it's166701:44:04,710 --> 01:44:09,300perfect. It means the world tous means the world to us. Yeah,166801:44:09,330 --> 01:44:13,110GG. I know you. You probablyweren't expecting to talk about166901:44:13,110 --> 01:44:15,930the things that we brought uptoday. But we really appreciate167001:44:15,930 --> 01:44:20,010you diving in with us. Is thereanything else you'd like to talk167101:44:20,010 --> 01:44:23,460about? That we that we can stilldo in our time remaining with167201:44:23,460 --> 01:44:24,210you? Yes. Sorry167301:44:24,210 --> 01:44:25,710for throwing you a curveball ifI did167401:44:26,130 --> 01:44:29,430that. No, no worries, noworries. I think those things167501:44:29,430 --> 01:44:32,580all of those things are terriblyimportant. And in the end, I167601:44:32,580 --> 01:44:36,510think what what everyone shouldrealize is that it all boils167701:44:36,510 --> 01:44:39,300down to one thing and that iscensorship resistance. It's it's167801:44:39,300 --> 01:44:42,930about doing it your own waywithout asking for permission167901:44:42,960 --> 01:44:46,260and that's also I think, whyBitcoin is so important because168001:44:46,260 --> 01:44:49,680it is truly censorship resistantmoney and understanding all that168101:44:49,710 --> 01:44:52,410like why this censorshipresistant and so on. We went168201:44:52,410 --> 01:44:55,680into like we dug into it alittle bit. It is rather168301:44:55,680 --> 01:44:58,770difficult but in the end itcomes down to it for Bitcoin168401:44:58,770 --> 01:45:03,360that you you have to to, to, topay to use it also, you know,168501:45:03,360 --> 01:45:06,270like, you have to bribe theminers. And I think we all know168601:45:06,270 --> 01:45:09,120this in the, in the podcastingworld as well, like if you, if168701:45:09,120 --> 01:45:12,270you really want to be censorshipresistant, you have to host your168801:45:12,270 --> 01:45:14,730own files, for example, and you,you kind of have to pay for that168901:45:14,730 --> 01:45:18,810as well. So, you know, like, theother side of the coin of169001:45:18,810 --> 01:45:21,750freedom is like, you have totake responsibility, and you169101:45:21,750 --> 01:45:23,970have to understand these things.And you have to understand the169201:45:23,970 --> 01:45:27,030systems and you have to run yourown stuff, and you have to kind169301:45:27,030 --> 01:45:31,500of decide for yourself, whichinfrastructure is at risk of169401:45:31,500 --> 01:45:36,330being D platformed. And whatwhat you want to do to, to be169501:45:36,330 --> 01:45:40,830really uncomfortable, cancel,you're able and have the freedom169601:45:40,860 --> 01:45:46,020of those new, like technologiesthat enable you to speak freely169701:45:46,020 --> 01:45:49,230and to exchange value freely.And that's why I'm also so169801:45:49,230 --> 01:45:52,710bullish on the value for valuemodel, because it truly is like169901:45:52,710 --> 01:45:56,910a direct monetization model thatmoves away from advertisements170001:45:56,910 --> 01:45:59,460that moves away from selfcensorship that moves away from170101:46:00,060 --> 01:46:02,970being locked in, in a in abeautiful walled garden, you170201:46:02,970 --> 01:46:05,100know, that is YouTube, andSpotify and all the rest of it.170301:46:05,250 --> 01:46:07,980And so I'm super bullish onthese free and open platforms.170401:46:08,160 --> 01:46:12,960Gigi, you've written about valuefor value before would you be170501:46:12,960 --> 01:46:16,740willing to take a stab with mewriting this up for the website?170601:46:17,730 --> 01:46:21,120Yeah, of course. Of course allmy stuff is freely available170701:46:21,120 --> 01:46:23,820online if someone wants to readit, it's called the freedom of170801:46:23,820 --> 01:46:30,480value on their gg.com and Irelease all my stuff on a as170901:46:30,660 --> 01:46:34,590free and open in a free and openlicensing model. So feel free to171001:46:34,590 --> 01:46:38,010rip it apart remix it put itsomewhere else. Okay. And I'm of171101:46:38,010 --> 01:46:42,600course happy to to work with youto put it somewhere yeah, I'd171201:46:42,600 --> 01:46:44,670like like it's more accessiblethat yeah, I'd like171301:46:44,670 --> 01:46:47,970to run some stuff by just so wehave it all all. I mean, I I171401:46:47,970 --> 01:46:50,280understand it because no, I'vebeen I've been doing value for171501:46:50,280 --> 01:46:55,620value for so long. But yeah, I'mnot the best writer. Put it that171601:46:55,620 --> 01:46:56,370way. Yeah, no171701:46:56,370 --> 01:46:59,970happy to do that. And also shoutout to all the other people that171801:46:59,970 --> 01:47:02,580are currently exploring this Ithink value for value thanks to171901:47:02,580 --> 01:47:06,240podcasting. 2.0 got it got a bigboost, like, no pun intended,172001:47:06,420 --> 01:47:12,090but a lot of people woke up tothe idea. And also, of course,172101:47:12,090 --> 01:47:15,510like the legacy system with allthe D platforming helps as well,172201:47:15,540 --> 01:47:20,250you know, like Tony Hsieh stuffthe world increases, really does172301:47:20,250 --> 01:47:21,870and new alternatives.172401:47:21,990 --> 01:47:24,990And if I had a kid and I mightmy daughter's 31, my172501:47:24,990 --> 01:47:28,110stepdaughters are in their midmid late 20s. So it's a little172601:47:28,110 --> 01:47:31,620late for them. But if I had akid now, man, I'd like here's an172701:47:31,620 --> 01:47:35,100old laptop, here's, here's aLinux distro, set that up first,172801:47:35,100 --> 01:47:37,260and then I'm going to show youhow then we'll set up an Umbral,172901:47:37,530 --> 01:47:39,780then we'll understand how emailworks, and then we're going to173001:47:39,780 --> 01:47:42,600get your Node running, and thenwe're going to just, you know,173101:47:42,600 --> 01:47:49,140it's like, the education is allmessed up. We're giving kids173201:47:49,140 --> 01:47:52,650iPhones and iPads in thestroller, and they just expect173301:47:52,650 --> 01:47:56,100shit to work and have no ideawhat's going on the background173401:47:56,100 --> 01:47:58,980and the power they actually haveof doing things themselves.173501:47:59,909 --> 01:48:04,139Yeah, I think, you know, Ireally like the saying of like,173601:48:04,139 --> 01:48:06,929there's, there's two ways on howyou can learn this stuff, it's173701:48:07,229 --> 01:48:10,349either through curiosity orthrough pain, and I think the173801:48:10,349 --> 01:48:12,479pain will increase, you know,more and more people will get d173901:48:12,479 --> 01:48:16,409platformed. And we'll learn tofind another way, and those who174001:48:16,559 --> 01:48:20,639are curious enough to to kind ofbe ahead of the curve, they will174101:48:20,669 --> 01:48:22,979they will benefit from being setup and knowing how all this174201:48:22,979 --> 01:48:25,769works. And also, you know, beingfamiliar with things like174301:48:25,769 --> 01:48:30,479Bitcoin, and you just it will beincreasingly important to know174401:48:30,479 --> 01:48:34,319how to set yourself up to tofunction in a modern context174501:48:34,499 --> 01:48:37,919without being de platformed andso that you can have your wealth174601:48:37,919 --> 01:48:41,669attached and, and all the restof it. And again, I want to I174701:48:41,669 --> 01:48:45,629want to kind of applaud everyonewho is working on that not only174801:48:45,629 --> 01:48:48,449in the podcasting space, butvalue for value is currently174901:48:48,449 --> 01:48:54,329also being explored in in thewritten medium, like lb from the175001:48:54,359 --> 01:48:58,019lb browser extensions behindthat are doing great work on175101:48:58,019 --> 01:49:01,289trying to incorporatinglightning payments and lightning175201:49:01,289 --> 01:49:03,959addresses in open standardswhere you can just include it175301:49:03,959 --> 01:49:07,949into your blog, or whatever youhave as metadata or also even on175401:49:07,949 --> 01:49:11,999YouTube pages and so on. And itwill like the extension will175501:49:12,179 --> 01:49:14,939parse it out. And just likevalue for value podcasting app,175601:49:14,939 --> 01:49:20,579if you have some Satoshis loadedup then just by just by clicking175701:49:20,579 --> 01:49:25,079one button, you will be able topush a boost so to speak to the175801:49:25,079 --> 01:49:26,609author of the article and so onand as175901:49:26,610 --> 01:49:28,770long as you want to be supercool, as long as everyone keeps176001:49:28,770 --> 01:49:31,320using confetti. I'm fine. That's176101:49:32,520 --> 01:49:35,730the most critical piece in theentire gotta have the confetti176201:49:35,730 --> 01:49:36,510requirement.176301:49:36,510 --> 01:49:39,270Yeah, transmute Satoshis intoconfetti.176401:49:41,040 --> 01:49:42,870Thanks again, Gigi. Reallyappreciate it.176501:49:43,650 --> 01:49:46,650Awesome. Thank you, Dave. Yep,176601:49:46,740 --> 01:49:47,670final words.176701:49:49,110 --> 01:49:52,380Not Well, Stephen B. My finalwords are Stephen Bay just said176801:49:52,380 --> 01:49:57,120in the chat that he's working onputting GGS audio book for 21176901:49:57,120 --> 01:49:59,610lessons as a podcast feed. Andthat's cool.177001:50:00,359 --> 01:50:04,349Oh man, I love it. All right,everybody. Hey, you know what177101:50:04,379 --> 01:50:07,739great board meeting. This wasgood. I'd love to thank you very177201:50:07,739 --> 01:50:10,109much everybody in the chat room.Thank you everybody who was177301:50:10,109 --> 01:50:13,589boosting us live. Thank you allfor supporting podcasting. 2.0177401:50:13,589 --> 01:50:16,379We'll be back next week withanother meeting of the Board of177501:50:16,379 --> 01:50:18,899Directors right here onpodcasting 2.0.177601:50:34,440 --> 01:50:39,000You have been listening topodcasting 2.0 Visit podcast177701:50:39,000 --> 01:50:41,580index.org For more information