Episode 240: Open Source = People!

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Podcasting 2.0 for October 31st, 2025, episode

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240.

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Open source is people.

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Hey everybody, it's that spooky time of year

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which means time for another board meeting.

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That's all we really do here.

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It's time to talk about podcasting.

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Everything that's been going on in our world

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and yours and in the world of podcasting.

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We are the board meeting.

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In fact, this board meeting is the only

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board room that doesn't require age verification.

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I'm Adam Curry, here in the heart of

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the Texas Hill Country and in Alabama, the

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only man who can never be included in

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a reduction in force.

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Say hello to my friend on the other

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end, the one, the only, Mr. Dave Jones.

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I am the riff, I am the reduction,

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I am force reduction.

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That is the definition of Dave, force reduction.

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Force reduction, yes.

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No, we cannot riff you.

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You are un-riffable.

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Un-riffable?

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You are un-riffable, yes.

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We can get rid of everybody, but we

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can't get rid of you.

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Un-riffable, we say, un-riffable.

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Everybody's expendable.

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I'm not so sure about that.

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I'm not saying it won't hurt.

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It may hurt bad.

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It may sting.

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But everybody's expendable.

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It may sting a little bit, just a

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little bit.

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Yeah, brother, I was so blown away.

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Why?

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Because all of a sudden I get a

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message and you've sent clips.

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It's been a long time.

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I don't think you've sent clips in, well,

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I don't think we've had clips in a

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long, long time.

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Weeks, weeks, I'll tell you.

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Yeah, so do you want to get to

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your clips or what do you want to

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do first?

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I'm always excited.

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You got clips, clips, clips, and they're biblical.

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Wait, did I send you the right clips?

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No, you sent me Solomon one through four,

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so I'm like, okay.

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Oh, yeah, yeah.

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Let's see, I need to actually get the

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clips on this machine.

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I sent them from a different machine.

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Where are they?

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Because it would be bad if I can't

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even tell what my clips are.

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Well, I'm going to think this is John

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Solomon, maybe.

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I'm just guessing.

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Negatory.

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It's not John Solomon.

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It gets more interesting by the moment, everybody.

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This is David Solomon.

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Pew!

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Wow, okay.

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Good timing.

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This is David Solomon, who is the CEO

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of Goldman Sachs.

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Oh, okay, a douchebag, basically.

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Yeah, yeah.

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So, apologies that this is a little bit

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maybe out of order, because I'm going to

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have to, like, the way I number these

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really didn't, end up being the correct order.

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Like, the best order, the most ideal order.

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Yeah, no problem.

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You just tell me what number you want.

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I mean, I'm a full-service production guy

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here.

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Well, so I get this Bloomberg News newsletter.

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Yeah.

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I don't know how I got on this

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thing.

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I mean, like, you just, you know.

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The question is, how do you get off

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of it?

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That's the question.

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Yeah, you sniff in the right, when you're

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turned in the right direction out on the

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street one day, and suddenly you're on the

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Bloomberg newsletter email list.

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I got you.

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And this thing is hilarious most of the

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time, because it's like, you know, it's this

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eloquent sort of synthesis of economic language, TDS,

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and just complete hogwash.

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Like, it's funny.

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It makes it funny to read.

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Like, I enjoy reading it just to see

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what they're going to say.

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But, so the most recent thing is they

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blamed the nearly $40 trillion in U.S.

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debt on the one big, beautiful bill.

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Yes, yeah.

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Which happened like, you know, three months ago.

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But hold on, hold on, Dave.

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We're going to grow ourselves out of it.

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Don't you know that by now?

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Stable coin and GDP.

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We're going to grow ourselves out of it.

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That's the plan.

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Nevermind the 40 years of debt-fueled expansion.

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Don't look at that.

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Oh, I won't.

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No.

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Through every administration, you know, left, right, and

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center.

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Don't look at that.

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Just look at the most recent thing that

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just passed your newsfeed.

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That's the knowledge.

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Yes.

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But, so, this guy, David Solomon, David Dave,

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from CEO of Goldman Sachs.

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Well, it's important to remember, Goldman Sachs is,

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Goldman Sachs, along with J.P. Morgan, and

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I think about three other banks.

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Citibank, somebody else is in that mix.

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I can't remember.

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There's just a handful.

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This is the good old Boeing network.

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J.P. Morgan, J.P. Morgan Chase, Citibank,

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Bank of America, Goldman, and then you get

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into, yeah.

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I don't think, what I'm talking about is

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these guys are primary money dealers.

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Oh, oh.

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Which is a, yeah.

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Yes.

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And then you have a designation.

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Yeah, the guys who got wiped out in

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9-11.

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Yes, these are.

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Those guys.

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These are, so, yeah, a primary dealer in

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FedSpeak is somebody who can print money.

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It's a bank, it's a regular bank, but

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they can print money.

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Yes.

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They can essentially, they can issue treasuries.

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They can do open market operations on their

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own without having to go through the Fed.

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And so, that's what, it's important to remember

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that Goldman is one of the few christened

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money dealers in the U.S. system.

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And so, when he talks, I mean, he's

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talking as somebody who has the ability to

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do these things.

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So, he's being asked about, he's being asked

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about the U.S. debt when he's talking

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about, this is Solomon One, the growth question.

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Okay.

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Well, in New York, they wouldn't sell, they

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wouldn't be buying treasury securities.

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It was such a big problem because it

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wouldn't be a good investment.

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And then the people in New York say,

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well, the people in Washington must know what

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they're doing.

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If they're borrowing this money, they must know

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how to figure out how to pay it.

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So, what is the story?

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Why is the business community not worried about,

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as a general rule, they don't seem to

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be as worried about the 38 trillion as

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I would have thought they would be?

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Well, I speak to a lot of people

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in the business community, a lot of people

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in the financial community, and I think people

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are worried about the level of debt.

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And the fact that we've reached a point,

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and by the way, this is true in

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the United States, but it's true in every

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developed economy where kind of fiscal stimulus and

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an aggressive fiscal play is really just kind

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of embedded in the way these democratic economies

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are operating.

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And it's accelerated meaningfully in the last five

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years.

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I think the pandemic played an accelerating role

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and it doesn't seem like we have an

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ability to pull it back.

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And so, we've taken the debt in the

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last 15 plus years, kind of since the

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financial crisis, from 7 trillion to 38 trillion,

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and just refinancing it for the rest of

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the decade.

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What's got to be refinanced, if you look

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at current rates, is going to grow it

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into the low 40s, for sure.

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And we're growing our spending at a reasonable

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rate still.

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And so, this is an issue we have

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to wrestle with.

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Now, the path out really isn't a revenue

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path out, the path out is a growth

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path.

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And if you think about it, the difference,

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trend growth is 2%.

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The difference between compounding growth at 3%

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and 2% is monstrous in terms of

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dealing with this issue.

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So, there's a lot of discussion about running

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a real growth play.

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I think we have some things that are

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going on that give us a better opportunity

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to have a higher growth trajectory, particularly.

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So, actually, there's 25 money guys.

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It does include Bank of America, Cantor Fitzgerald,

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that's who I was thinking of, Deutsche, Goldman,

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HSBC, JPMorgan, Morgan, et cetera.

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I think, if I'm not mistaken, I think

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there's an FRBNY designation that gives you the

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ability to do actual direct open market operations.

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I think those guys can do, they can

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essentially print money, print dollars, but I don't

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think they can issue treasuries, which is what

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Goldman and them can do.

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I think that's a very select few.

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But I do know that Cantor Fitzgerald can

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do that, and that's kind of controversial because

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our Commerce Secretary is the CEO of Cantor

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Fitzgerald.

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Of course he is.

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Minor point, minor point, minor point.

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What was interesting there towards the end, there's

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a couple things about this that piqued my

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interest.

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Number one, there towards the end, he said,

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there's a lot of, I forgot the exact

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language he used, but he said, there's a

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lot of talk about doing a growth play.

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Yes, that's- Can you play the very

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end of that?

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Oh, yeah.

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Again.

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Sure, hold on a second.

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Yeah.

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I don't know where it starts, but like

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- It's around here.

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At a reasonable rate still, and so this

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is an issue we have to wrestle with.

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Now, the path out really isn't a revenue

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path out, the path out is a growth

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path.

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And if you think about it, the difference,

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trend growth is 2%.

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The difference between compounding growth at 3%

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and 2% is monstrous in terms of

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dealing with this issue.

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So there's a lot of discussion about running

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a real growth play.

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I think we have some things that are

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going on.

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He says there's a lot of discussion about

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running a real growth play.

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Yes.

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That sounds like, almost like- Football?

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42, grow!

275
00:10:24,360 --> 00:10:29,860
That sounds almost like he's having like sort

276
00:10:29,860 --> 00:10:30,860
of side discussions.

277
00:10:31,420 --> 00:10:33,400
This sounds like a private discussion that he's

278
00:10:33,400 --> 00:10:35,720
had with other people that come, that kind

279
00:10:35,720 --> 00:10:37,660
of leaked into his answer to this thing.

280
00:10:37,800 --> 00:10:38,700
This is the way he works.

281
00:10:39,700 --> 00:10:41,720
It's almost like it's not, because have you

282
00:10:41,720 --> 00:10:44,260
heard of anybody- Yes, actually I have

283
00:10:44,260 --> 00:10:45,020
heard about this.

284
00:10:45,520 --> 00:10:45,800
Yes.

285
00:10:45,880 --> 00:10:48,220
And I heard about this on This Week

286
00:10:48,220 --> 00:10:48,800
in Bitcoin.

287
00:10:49,640 --> 00:10:50,360
Oh, okay.

288
00:10:50,380 --> 00:10:52,100
A few weeks back, actually.

289
00:10:53,760 --> 00:10:55,680
And Chris was talking about this.

290
00:10:55,960 --> 00:10:58,720
And so I think our growth rate is

291
00:10:58,720 --> 00:11:01,720
3.2, which is indeed monstrous compared to

292
00:11:01,720 --> 00:11:02,180
two.

293
00:11:03,040 --> 00:11:06,420
And part of that is tariffs coming in.

294
00:11:06,660 --> 00:11:10,560
Part of it is reduction in spending and

295
00:11:10,560 --> 00:11:11,540
some other magic.

296
00:11:13,240 --> 00:11:15,420
But that was always the idea was, because

297
00:11:15,420 --> 00:11:17,640
you go from two to three, that's huge.

298
00:11:17,760 --> 00:11:20,300
That is big, compounded.

299
00:11:20,980 --> 00:11:23,900
So how, he's saying, he said there's a

300
00:11:23,900 --> 00:11:26,080
lot of ways, there's ways we can do

301
00:11:26,080 --> 00:11:26,460
that.

302
00:11:28,140 --> 00:11:31,720
And this is a podcast about podcasting.

303
00:11:32,220 --> 00:11:32,840
We're getting there.

304
00:11:32,980 --> 00:11:34,240
I'm weaving, I'm doing the weaving.

305
00:11:34,260 --> 00:11:37,980
Take it easy, CBrooklyn1112, simmer down, simmer down.

306
00:11:38,820 --> 00:11:40,500
Yeah, this is not DHM plug.

307
00:11:42,600 --> 00:11:44,560
So he's like, how are we going to

308
00:11:44,560 --> 00:11:44,660
do?

309
00:11:44,660 --> 00:11:47,880
We've got ways of generating this growth.

310
00:11:48,940 --> 00:11:52,320
So Solomon too, and he gives the answer.

311
00:11:52,500 --> 00:11:53,800
Do you want to take a crack at

312
00:11:53,800 --> 00:11:54,560
what you think it is?

313
00:11:55,100 --> 00:11:56,180
What's the question again?

314
00:11:56,400 --> 00:11:57,160
How are we going to do this?

315
00:11:57,460 --> 00:11:58,540
How are we going to get that two

316
00:11:58,540 --> 00:11:58,900
to three?

317
00:11:59,220 --> 00:12:00,440
How are we going to go from two

318
00:12:00,440 --> 00:12:02,080
to 3% growth so that we can

319
00:12:02,080 --> 00:12:06,340
get ourselves out of the bad debt trap?

320
00:12:07,480 --> 00:12:09,200
Somehow it's going to come down to printing

321
00:12:09,200 --> 00:12:10,560
even more money, I think.

322
00:12:12,060 --> 00:12:12,800
Let him talk.

323
00:12:13,240 --> 00:12:15,400
You know, technology, AI, getting embedded into the

324
00:12:15,400 --> 00:12:17,880
enterprise, the productivity opportunity from that.

325
00:12:18,060 --> 00:12:18,840
Oh, we're screwed.

326
00:12:20,440 --> 00:12:20,840
AI.

327
00:12:21,660 --> 00:12:22,600
Productivity from AI.

328
00:12:22,680 --> 00:12:23,880
Well, yeah, of course.

329
00:12:24,400 --> 00:12:27,220
And it actually, there's something to be said

330
00:12:27,220 --> 00:12:28,340
for that for as long as you can

331
00:12:28,340 --> 00:12:30,180
keep it running, because what we're doing is

332
00:12:30,180 --> 00:12:33,780
we're soaking up all the money into this

333
00:12:33,780 --> 00:12:37,880
circular AI economy where just everything is being

334
00:12:37,880 --> 00:12:41,100
sent to the next guy and eventually comes

335
00:12:41,100 --> 00:12:42,540
back to NVIDIA.

336
00:12:42,680 --> 00:12:43,820
And then it goes out again.

337
00:12:43,960 --> 00:12:44,760
It goes even up.

338
00:12:45,020 --> 00:12:48,320
I mean, even that new humanoid robot thing

339
00:12:48,320 --> 00:12:49,700
that everyone was looking at.

340
00:12:51,200 --> 00:12:51,560
Oh yeah.

341
00:12:51,860 --> 00:12:54,680
Neo, Neo, the stupid robot with an anonymous

342
00:12:54,680 --> 00:12:57,600
Indian controlling it from Bangladesh.

343
00:12:57,600 --> 00:13:02,200
It's Amazon, walk in, grab your grocery, 2

344
00:13:02,200 --> 00:13:05,820
.0. $129 million, both rounds led by open

345
00:13:05,820 --> 00:13:06,100
AI.

346
00:13:06,420 --> 00:13:06,980
I mean, come on.

347
00:13:07,040 --> 00:13:09,020
It's like the money is just circulating.

348
00:13:09,240 --> 00:13:09,560
Yeah, sure.

349
00:13:09,780 --> 00:13:10,280
So, okay.

350
00:13:10,380 --> 00:13:12,080
Well, that's very risky.

351
00:13:13,000 --> 00:13:15,920
And somehow every time it hops from around

352
00:13:15,920 --> 00:13:17,860
the circle, from one company to the next,

353
00:13:18,060 --> 00:13:22,400
everybody gets to record the prior, everybody gets

354
00:13:22,400 --> 00:13:24,300
to record this as an investment, as an

355
00:13:24,300 --> 00:13:26,260
asset and not a liability.

356
00:13:26,260 --> 00:13:27,660
You know, that's the beauty of it.

357
00:13:27,720 --> 00:13:28,200
Yeah, of course.

358
00:13:28,620 --> 00:13:29,200
Magical accounting.

359
00:13:29,320 --> 00:13:30,280
Yeah, that's fantastic.

360
00:13:31,260 --> 00:13:32,780
But so the answer is AI.

361
00:13:33,060 --> 00:13:34,940
That's, what's going to give us the productivity

362
00:13:35,960 --> 00:13:39,940
in order to grow out of this, grow

363
00:13:39,940 --> 00:13:40,960
out of the problem.

364
00:13:41,320 --> 00:13:41,640
Wow.

365
00:13:41,740 --> 00:13:46,840
And so, but some also happened to be

366
00:13:46,840 --> 00:13:49,320
listening to at the same time, that's why

367
00:13:49,320 --> 00:13:50,860
all this stuff sort of piqued my interest

368
00:13:50,860 --> 00:13:51,700
at the same time.

369
00:13:52,460 --> 00:13:54,320
So I happened to be listening to an

370
00:13:54,320 --> 00:14:00,660
old talk by Milton Friedman from 1978, a

371
00:14:00,660 --> 00:14:01,240
speech he gave.

372
00:14:01,320 --> 00:14:04,340
And now I'm not a Milton Friedman fan.

373
00:14:04,620 --> 00:14:07,980
I mean, the Chicago School of Economics, I

374
00:14:07,980 --> 00:14:11,900
think is just kind of like mid, but

375
00:14:11,900 --> 00:14:14,780
at the same, you know, I'm more, I

376
00:14:14,780 --> 00:14:17,140
would probably be more of an Austrian, but

377
00:14:17,140 --> 00:14:25,120
his theory of, or his explanations of, that

378
00:14:25,120 --> 00:14:28,920
inflation only comes, inflation is anywhere and everywhere

379
00:14:28,920 --> 00:14:29,900
a monetary phenomenon.

380
00:14:30,280 --> 00:14:33,440
That is just accepted gospel now.

381
00:14:33,560 --> 00:14:37,100
I mean, it's a provable fact that that

382
00:14:37,100 --> 00:14:37,860
is the case.

383
00:14:38,140 --> 00:14:41,020
So regardless of his other, you know, of

384
00:14:41,020 --> 00:14:43,680
his other aspects of his economics, that aspect

385
00:14:43,680 --> 00:14:45,220
is legitimate.

386
00:14:45,220 --> 00:14:46,880
And he happened to be talking, he gave

387
00:14:46,880 --> 00:14:49,360
a talk on inflation and he mentioned this

388
00:14:49,360 --> 00:14:52,240
issue of productivity and growing your way out

389
00:14:52,240 --> 00:14:54,380
of an inflationary trap in Milton Friedman one.

390
00:14:54,560 --> 00:14:57,700
The second argument that will be made, you've

391
00:14:57,700 --> 00:14:59,400
left out of this picture productivity.

392
00:14:59,960 --> 00:15:03,580
In those charts, what was it that I

393
00:15:03,580 --> 00:15:05,000
connected with prices?

394
00:15:05,720 --> 00:15:08,100
It was not simply the quantity of money.

395
00:15:08,340 --> 00:15:10,640
It was a quantity of money per unit

396
00:15:10,640 --> 00:15:11,220
of output.

397
00:15:11,800 --> 00:15:12,620
And it's true.

398
00:15:13,300 --> 00:15:16,540
Anything that increases output will tend to hold

399
00:15:16,540 --> 00:15:17,240
down prices.

400
00:15:18,620 --> 00:15:20,960
And so it's very common for people to

401
00:15:20,960 --> 00:15:25,880
say, well, the real source of inflation is

402
00:15:25,880 --> 00:15:28,540
that our productivity has not been increasing as

403
00:15:28,540 --> 00:15:29,360
much as it should.

404
00:15:29,780 --> 00:15:31,880
Or to say that the real cure for

405
00:15:31,880 --> 00:15:33,800
inflation is to increase productivity.

406
00:15:34,860 --> 00:15:39,440
Now, productivity is an enormously important phenomenon from

407
00:15:39,440 --> 00:15:40,900
the point of view of our standard of

408
00:15:40,900 --> 00:15:42,820
life, of how well we live.

409
00:15:43,280 --> 00:15:44,700
There's nothing that's more important.

410
00:15:45,600 --> 00:15:48,320
If we can get a rate of real

411
00:15:48,320 --> 00:15:52,040
growth of 3% instead of 2%, that

412
00:15:52,040 --> 00:15:53,660
will make a great difference over a period

413
00:15:53,660 --> 00:15:54,160
of time.

414
00:15:54,900 --> 00:15:57,200
And I don't doubt that one of our

415
00:15:57,200 --> 00:16:00,080
national problems is a fall off in the

416
00:16:00,080 --> 00:16:01,000
growth and productivity.

417
00:16:01,820 --> 00:16:03,780
But from the point of view of inflation,

418
00:16:04,300 --> 00:16:05,960
it's the wrong order of magnitude.

419
00:16:07,020 --> 00:16:10,800
It would be a tremendous achievement to raise

420
00:16:10,800 --> 00:16:13,180
the average rate of growth of real output

421
00:16:13,180 --> 00:16:14,900
in this country from 3% a year

422
00:16:14,900 --> 00:16:15,800
to 4% a year.

423
00:16:16,320 --> 00:16:18,820
That would be a 33 1⁄3% increase.

424
00:16:19,280 --> 00:16:21,280
It would be a dramatic change.

425
00:16:21,960 --> 00:16:24,200
But it would reduce the rate of inflation

426
00:16:24,200 --> 00:16:25,820
by one percentage point a year.

427
00:16:27,600 --> 00:16:31,180
And from that point of view, the possible

428
00:16:31,180 --> 00:16:33,260
variations in the quantity of money are much

429
00:16:33,260 --> 00:16:37,280
greater than the variations in output and productivity.

430
00:16:37,280 --> 00:16:39,880
So from the point of view of inflation,

431
00:16:42,080 --> 00:16:44,640
productivity is very much of a bid actor

432
00:16:44,640 --> 00:16:45,460
on the stage.

433
00:16:46,080 --> 00:16:49,840
The lead, the hero or the villain, as

434
00:16:49,840 --> 00:16:53,140
you wish it, is not productivity, but what

435
00:16:53,140 --> 00:16:54,800
happens to the quantity of money.

436
00:16:56,580 --> 00:16:58,940
Oh, he kind of screwed me at the

437
00:16:58,940 --> 00:16:59,260
end.

438
00:17:00,000 --> 00:17:00,320
Why?

439
00:17:00,660 --> 00:17:02,580
Well, he says it's not productivity, but it's

440
00:17:02,580 --> 00:17:03,660
the quantity of money.

441
00:17:04,300 --> 00:17:04,819
Right.

442
00:17:05,359 --> 00:17:07,640
Because I was gonna say that when it

443
00:17:07,640 --> 00:17:11,720
comes to productivity, first of all, restarting manufacturing

444
00:17:11,720 --> 00:17:14,140
in America, even if it's just rare earth,

445
00:17:14,280 --> 00:17:16,619
any kind of manufacturing that increases our own

446
00:17:16,619 --> 00:17:17,119
productivity.

447
00:17:17,359 --> 00:17:19,740
On the other hand, I'll say that even

448
00:17:19,740 --> 00:17:23,300
though they're losing money on me, that my

449
00:17:23,300 --> 00:17:27,119
vibe coding has indeed increased the output of

450
00:17:27,119 --> 00:17:29,760
productivity because I only have one Dave Jones,

451
00:17:29,800 --> 00:17:31,120
he's working on something else.

452
00:17:31,160 --> 00:17:33,380
I am being productive in ways I couldn't

453
00:17:33,380 --> 00:17:36,460
have been before regardless of whether it's costing

454
00:17:36,460 --> 00:17:39,180
Elon Musk way more than I'm paying him,

455
00:17:39,280 --> 00:17:40,300
which is currently nothing.

456
00:17:41,140 --> 00:17:41,580
Right.

457
00:17:41,720 --> 00:17:45,600
But for every one Adam Curry, there's 14

458
00:17:45,600 --> 00:17:49,700
,000 developers laid off at Amazon.

459
00:17:49,920 --> 00:17:51,100
Well, but they can all get a sandwich

460
00:17:51,100 --> 00:17:52,000
here at my house.

461
00:17:53,500 --> 00:17:56,380
See, it's like there's- And they weren't

462
00:17:56,380 --> 00:17:59,280
developers, they were supposed to be administrative.

463
00:18:00,640 --> 00:18:02,960
Well, there's a lot of engineers getting laid

464
00:18:02,960 --> 00:18:03,100
off.

465
00:18:03,100 --> 00:18:06,620
This seems to be hitting Twitch particularly hard

466
00:18:06,620 --> 00:18:09,400
and a lot of developers, a lot of

467
00:18:09,400 --> 00:18:10,000
engineers.

468
00:18:11,480 --> 00:18:17,400
This is, the Amazon's, this is particularly like

469
00:18:17,400 --> 00:18:21,360
the Amazon Twitch and game development side seems

470
00:18:21,360 --> 00:18:24,120
to be drastically affected by this latest thing.

471
00:18:24,620 --> 00:18:27,260
And this, and I don't know if you

472
00:18:27,260 --> 00:18:33,430
saw YouTube, YouTube, their announcement that they were

473
00:18:33,430 --> 00:18:34,930
going to be laying off.

474
00:18:36,050 --> 00:18:39,190
They're doing, well, actually they're, let me quote

475
00:18:39,190 --> 00:18:40,890
it accurately, they're doing buyouts.

476
00:18:41,210 --> 00:18:41,690
Yes.

477
00:18:42,150 --> 00:18:43,250
And a reorg.

478
00:18:43,850 --> 00:18:46,770
And so they're wanting voluntary buyouts.

479
00:18:46,910 --> 00:18:49,810
And so this is what, and the letter

480
00:18:49,810 --> 00:18:53,790
that YouTube CEO put out, I don't know

481
00:18:53,790 --> 00:18:59,650
if we've seen numbers like this before from

482
00:18:59,650 --> 00:18:59,970
them.

483
00:19:00,390 --> 00:19:01,950
He mentioned something in there.

484
00:19:04,170 --> 00:19:06,010
And clearly these things don't get, I mean,

485
00:19:06,010 --> 00:19:06,830
these things are leaked.

486
00:19:06,930 --> 00:19:09,230
They're not, you know, please, they don't get

487
00:19:09,230 --> 00:19:12,130
out without, they're carefully worded so that they

488
00:19:12,130 --> 00:19:12,970
know they're going to get out.

489
00:19:14,350 --> 00:19:17,170
But the CEO of YouTube says, you know,

490
00:19:17,610 --> 00:19:21,050
in this letter, he says, he starts talking

491
00:19:21,050 --> 00:19:22,570
about all their awesomeness.

492
00:19:22,770 --> 00:19:26,510
And then he says, we've built a subscription

493
00:19:26,510 --> 00:19:32,010
engine with over 125 million monthly paid subscriptions

494
00:19:32,010 --> 00:19:34,670
and 8 million YouTube TV subscribers.

495
00:19:36,550 --> 00:19:39,290
I don't know, maybe I'm wrong, but I'm

496
00:19:39,290 --> 00:19:41,470
not, I didn't, I wasn't sure if we've

497
00:19:41,470 --> 00:19:45,310
ever seen that 125 million subscriber number for

498
00:19:45,310 --> 00:19:45,750
YouTube.

499
00:19:49,330 --> 00:19:52,370
I mean, it sounds like, I think I've

500
00:19:52,370 --> 00:19:53,550
heard number, maybe not.

501
00:19:53,830 --> 00:19:54,230
Okay.

502
00:19:55,190 --> 00:19:57,730
Yeah, somebody will tell me if I'm wrong.

503
00:19:58,030 --> 00:20:04,210
Hold on a second, 125 million times, what

504
00:20:04,210 --> 00:20:04,430
is it?

505
00:20:04,990 --> 00:20:06,630
It's like 14 bucks a month.

506
00:20:07,110 --> 00:20:07,550
14.

507
00:20:08,590 --> 00:20:09,250
Yeah, so about.

508
00:20:09,950 --> 00:20:10,730
That is.

509
00:20:11,250 --> 00:20:12,930
Be generous and say 2 billion a month

510
00:20:12,930 --> 00:20:14,050
in revenue.

511
00:20:14,750 --> 00:20:19,430
Well, 1.75. Yeah, but there's family memberships

512
00:20:19,430 --> 00:20:20,410
in there too and stuff that are a

513
00:20:20,410 --> 00:20:20,750
little bit more.

514
00:20:20,910 --> 00:20:22,490
So let's, yeah, you could probably round it

515
00:20:22,490 --> 00:20:22,930
up to two.

516
00:20:22,930 --> 00:20:26,690
2 billion and then eight, how many YouTube

517
00:20:26,690 --> 00:20:27,210
TV?

518
00:20:27,990 --> 00:20:30,090
YouTube TV is 8 million.

519
00:20:31,730 --> 00:20:34,090
8 million and that's time, but there's a

520
00:20:34,090 --> 00:20:35,910
huge cost associated with that.

521
00:20:36,530 --> 00:20:38,610
Yeah, that's probably very low margin, I would

522
00:20:38,610 --> 00:20:38,910
imagine.

523
00:20:39,250 --> 00:20:41,650
Yeah, in fact, they just threw off ESPN

524
00:20:41,650 --> 00:20:43,610
and all Disney stations because they couldn't get

525
00:20:43,610 --> 00:20:46,830
to an agreement on the carriage fee.

526
00:20:47,010 --> 00:20:47,190
Oh really?

527
00:20:47,410 --> 00:20:47,690
Yeah.

528
00:20:47,710 --> 00:20:48,030
Okay.

529
00:20:48,510 --> 00:20:48,790
Yeah.

530
00:20:48,790 --> 00:20:52,850
Yeah, so that's 24 billion a year in

531
00:20:52,850 --> 00:20:54,110
revenue from subscribers.

532
00:20:55,430 --> 00:20:55,570
You know.

533
00:20:55,690 --> 00:20:55,910
Yeah.

534
00:20:56,670 --> 00:21:01,030
Let's say that, let's say, and so Spotify,

535
00:21:01,850 --> 00:21:04,030
we know those numbers, 88% of their

536
00:21:04,030 --> 00:21:07,230
total revenue comes from subscribers, only 12%, or

537
00:21:07,230 --> 00:21:08,870
it's actually less than 12%, it's like 11

538
00:21:08,870 --> 00:21:09,630
and a half percent.

539
00:21:09,750 --> 00:21:10,550
It comes from advertising.

540
00:21:10,690 --> 00:21:11,330
It comes from advertising.

541
00:21:11,970 --> 00:21:15,290
So let's just say that maybe that's similar

542
00:21:15,290 --> 00:21:16,150
at YouTube.

543
00:21:16,830 --> 00:21:19,690
That means they're doing 300 million in ad

544
00:21:19,690 --> 00:21:20,530
revenue a month.

545
00:21:20,910 --> 00:21:21,770
That's nothing.

546
00:21:22,470 --> 00:21:24,130
On the grand scale, no.

547
00:21:24,890 --> 00:21:27,670
At their scale, at their size, that's very

548
00:21:27,670 --> 00:21:28,090
little.

549
00:21:30,030 --> 00:21:32,190
And so, I mean, I think if you

550
00:21:32,190 --> 00:21:33,990
sort of back your way into these numbers,

551
00:21:34,330 --> 00:21:38,910
that really makes you question, you know, whether

552
00:21:38,910 --> 00:21:40,390
they're profitable, number one.

553
00:21:41,750 --> 00:21:43,590
And- As a separate business unit, you

554
00:21:43,590 --> 00:21:43,770
mean?

555
00:21:44,330 --> 00:21:46,270
Yes, as a standalone unit, yeah.

556
00:21:46,670 --> 00:21:48,410
And, you know, that's all revenue.

557
00:21:48,570 --> 00:21:49,230
That's not income.

558
00:21:49,410 --> 00:21:50,570
I mean, you know, that's- That's not

559
00:21:50,570 --> 00:21:50,910
profit.

560
00:21:51,050 --> 00:21:51,630
That's not profit.

561
00:21:51,650 --> 00:21:52,450
Yeah, that's not profit.

562
00:21:53,470 --> 00:21:55,930
So, you know, YouTube doing a reorganization and

563
00:21:55,930 --> 00:21:57,810
asking for buyouts and that kind of thing,

564
00:21:58,330 --> 00:22:02,450
that's, this is all, you know, this is

565
00:22:02,450 --> 00:22:06,970
all pointing to, they're going to be using

566
00:22:06,970 --> 00:22:10,970
AI as the excuse, the enhanced productivity of

567
00:22:10,970 --> 00:22:11,230
AI.

568
00:22:11,410 --> 00:22:12,050
Yeah, that's clear.

569
00:22:12,710 --> 00:22:15,150
Yeah, across the board for all of these

570
00:22:15,150 --> 00:22:16,650
things, that's what you're going to hear that

571
00:22:16,650 --> 00:22:18,610
time after, that's what's going to be said

572
00:22:18,610 --> 00:22:19,370
for everything.

573
00:22:20,350 --> 00:22:24,350
But, you know, really the issue is a

574
00:22:24,350 --> 00:22:29,050
overall slowdown in government spending.

575
00:22:30,110 --> 00:22:30,290
Yes.

576
00:22:30,770 --> 00:22:34,890
Government spending is decaying.

577
00:22:35,890 --> 00:22:36,370
Decelerating.

578
00:22:36,850 --> 00:22:39,090
Is decelerating, and that is the only, that

579
00:22:39,090 --> 00:22:46,310
deflation coming from government spending, that deflation is

580
00:22:46,310 --> 00:22:47,570
starting to hit everybody.

581
00:22:47,690 --> 00:22:49,470
Because the only way you keep this whole

582
00:22:49,470 --> 00:22:52,950
machine running is by staying in front of

583
00:22:52,950 --> 00:22:56,670
inflation by outprinting it.

584
00:22:57,510 --> 00:23:00,650
And that's, you know, and David Solomon says

585
00:23:00,650 --> 00:23:03,350
as much in number three about who pays.

586
00:23:04,370 --> 00:23:05,230
Number three.

587
00:23:05,690 --> 00:23:06,010
Okay.

588
00:23:07,210 --> 00:23:09,710
But if we continue on the current course

589
00:23:10,290 --> 00:23:13,430
and we don't take the growth level up,

590
00:23:13,490 --> 00:23:15,490
we will, there will be a reckoning in

591
00:23:15,490 --> 00:23:15,670
this.

592
00:23:15,730 --> 00:23:17,610
And the bottom line is we have to

593
00:23:17,610 --> 00:23:19,790
find people, you know, to buy and finance

594
00:23:19,790 --> 00:23:20,490
our debt.

595
00:23:20,810 --> 00:23:23,430
And, you know, ultimately it's not going to

596
00:23:23,430 --> 00:23:24,570
be other people around the world.

597
00:23:24,670 --> 00:23:25,670
If it keeps growing, it's going to turn

598
00:23:25,670 --> 00:23:26,230
to us.

599
00:23:26,830 --> 00:23:28,090
But what happened to stable coin?

600
00:23:29,250 --> 00:23:30,850
Well, he talks about that, he talks about

601
00:23:30,850 --> 00:23:31,210
that too.

602
00:23:31,350 --> 00:23:32,310
Play number four.

603
00:23:32,570 --> 00:23:34,690
I think you have to start, David, with

604
00:23:34,690 --> 00:23:36,490
a point of view that the dollar and

605
00:23:36,490 --> 00:23:38,390
the relationship between currencies fluctuate.

606
00:23:39,410 --> 00:23:40,750
And, you know, the dollar's been on a

607
00:23:40,750 --> 00:23:41,930
pretty good run over a long period of

608
00:23:41,930 --> 00:23:43,750
time, and it's certainly given back this year,

609
00:23:44,190 --> 00:23:45,890
given some of the policy actions, some of

610
00:23:45,890 --> 00:23:46,330
the gains.

611
00:23:46,450 --> 00:23:49,470
But fundamentally, the dollar is the reserve currency

612
00:23:49,470 --> 00:23:49,910
of the world.

613
00:23:50,010 --> 00:23:51,830
I don't see anything at the moment that

614
00:23:51,830 --> 00:23:52,490
threatens that.

615
00:23:52,530 --> 00:23:54,870
And even when we were talking about, you

616
00:23:54,870 --> 00:23:57,070
know, debt and, you know, our fiscal debt,

617
00:23:57,410 --> 00:23:58,870
when you get around the world and you

618
00:23:58,870 --> 00:24:00,230
look at all the capital flows around the

619
00:24:00,230 --> 00:24:03,450
world, global allocators, 50% of their capital

620
00:24:03,450 --> 00:24:04,430
is coming into the US.

621
00:24:04,550 --> 00:24:06,190
They might be hedging the dollar a little

622
00:24:06,190 --> 00:24:07,690
bit differently now than they might've been for

623
00:24:07,690 --> 00:24:09,770
the last few years, but I think it's

624
00:24:09,770 --> 00:24:10,550
more at the margin.

625
00:24:10,870 --> 00:24:12,550
So I think it's something to watch, but

626
00:24:12,550 --> 00:24:15,690
I'm not concerned that there's some fundamental shift.

627
00:24:15,810 --> 00:24:18,330
And actually, when you think about digitization and

628
00:24:18,330 --> 00:24:21,270
tokenization and access to the dollar, you know,

629
00:24:21,310 --> 00:24:23,970
over time, it's actually allowing easier access to

630
00:24:23,970 --> 00:24:25,730
the dollar around the world, which in the

631
00:24:25,730 --> 00:24:27,170
long run is a benefit for the dollar

632
00:24:27,170 --> 00:24:28,390
and the dollar's position in the world.

633
00:24:28,630 --> 00:24:32,130
Okay, tokenization, that's the stable coin gambit, yeah.

634
00:24:32,130 --> 00:24:35,210
50% of the investment around the world

635
00:24:35,210 --> 00:24:36,630
is in, you know- Dollars.

636
00:24:36,730 --> 00:24:37,890
50-something is in dollars.

637
00:24:37,970 --> 00:24:40,250
And so how do we get, we need

638
00:24:40,250 --> 00:24:44,150
to get that to be 80%, 90%, 100%.

639
00:24:44,150 --> 00:24:46,790
So you tokenize, yeah.

640
00:24:47,250 --> 00:24:49,790
Do you need a digital dollar to go

641
00:24:49,790 --> 00:24:50,550
out and capture you?

642
00:24:50,730 --> 00:24:52,450
So the way you get out of this

643
00:24:52,450 --> 00:24:54,710
debt trap or stay ahead of it is

644
00:24:54,710 --> 00:24:55,650
you grow the dollar.

645
00:24:56,350 --> 00:24:57,470
It's everything you gotta grow.

646
00:24:57,570 --> 00:24:58,510
You gotta grow, you gotta grow.

647
00:24:58,650 --> 00:25:00,030
That's the only way out of this.

648
00:25:00,070 --> 00:25:01,050
Bigger, bigger, bigger.

649
00:25:01,050 --> 00:25:01,570
More, more.

650
00:25:01,830 --> 00:25:02,410
Yeah, yeah.

651
00:25:03,790 --> 00:25:07,430
And so, I mean, this is coming home

652
00:25:07,430 --> 00:25:09,970
Spotify for creators.

653
00:25:10,650 --> 00:25:12,350
I got an email from them saying that

654
00:25:12,350 --> 00:25:13,970
they were going to- Start charging?

655
00:25:14,890 --> 00:25:15,730
No, no, no, no.

656
00:25:15,810 --> 00:25:17,010
I did not, no, not that email.

657
00:25:17,170 --> 00:25:18,410
I got an email saying that they were

658
00:25:18,410 --> 00:25:20,570
gonna kill my account if I didn't go

659
00:25:20,570 --> 00:25:22,030
out there and do some activity on it.

660
00:25:22,210 --> 00:25:22,530
Oh.

661
00:25:22,810 --> 00:25:25,410
Now, this is the first- Because there's

662
00:25:25,410 --> 00:25:27,590
an actual like three bytes that are being

663
00:25:27,590 --> 00:25:28,090
used?

664
00:25:28,270 --> 00:25:28,910
What is that?

665
00:25:30,190 --> 00:25:32,750
I've had an anchor account as just a

666
00:25:32,750 --> 00:25:35,070
test, you know, to keep in the background

667
00:25:35,070 --> 00:25:35,670
forever.

668
00:25:36,170 --> 00:25:37,630
I mean, for a long time.

669
00:25:37,850 --> 00:25:38,050
Sure, sure.

670
00:25:38,330 --> 00:25:39,890
And this is the first time I've ever

671
00:25:39,890 --> 00:25:42,370
gotten an email saying that I had to

672
00:25:42,370 --> 00:25:44,090
go be active on my account in order

673
00:25:44,090 --> 00:25:45,330
to- Keep it.

674
00:25:45,730 --> 00:25:46,490
To keep it.

675
00:25:46,650 --> 00:25:47,110
Mm-hmm.

676
00:25:47,170 --> 00:25:49,210
I mean, you're just seeing- So they

677
00:25:49,210 --> 00:25:51,210
just wanna shut machines down.

678
00:25:52,010 --> 00:25:54,290
Yeah, and I'm seeing it in the software

679
00:25:54,290 --> 00:25:57,350
industry as a whole in line of business

680
00:25:57,350 --> 00:25:57,710
apps.

681
00:25:57,710 --> 00:26:02,870
I'm seeing, you know, Microsoft went up on

682
00:26:02,870 --> 00:26:03,810
their volume licensing.

683
00:26:04,390 --> 00:26:08,310
Now, this is a four, Microsoft's a $4

684
00:26:08,310 --> 00:26:09,630
trillion company.

685
00:26:10,090 --> 00:26:12,990
They make hundreds of billions of dollars in

686
00:26:12,990 --> 00:26:14,010
profit every year.

687
00:26:14,350 --> 00:26:16,770
They went up across the board on their

688
00:26:16,770 --> 00:26:20,270
volume licensing costs 20% this past year.

689
00:26:20,990 --> 00:26:24,310
This is what businesses pay for things like

690
00:26:24,310 --> 00:26:26,650
Windows licenses, Office 365, that kind of thing.

691
00:26:26,650 --> 00:26:28,310
And- 20%.

692
00:26:28,310 --> 00:26:29,050
And guess what?

693
00:26:29,110 --> 00:26:30,650
There's no guarantee it stays up.

694
00:26:30,810 --> 00:26:32,030
See Azure this week.

695
00:26:32,750 --> 00:26:33,330
Right, right.

696
00:26:33,570 --> 00:26:36,070
And they're laying off people consistently.

697
00:26:36,270 --> 00:26:36,530
Yeah.

698
00:26:36,830 --> 00:26:37,730
You know, because AI.

699
00:26:38,970 --> 00:26:43,230
But so there's, what I'm saying is there

700
00:26:43,230 --> 00:26:46,690
is a reckoning that is happening in slow

701
00:26:46,690 --> 00:26:53,510
motion right in front of us with, I

702
00:26:53,510 --> 00:26:56,890
think what this administration has done and that

703
00:26:56,890 --> 00:27:04,990
is inadvertently, I think, expose all the weak

704
00:27:04,990 --> 00:27:07,230
points that everyone thought were there, but were

705
00:27:07,230 --> 00:27:09,910
not, didn't really know how to spot because

706
00:27:09,910 --> 00:27:13,030
global economics is so difficult to understand.

707
00:27:13,150 --> 00:27:14,890
It's such an octopus.

708
00:27:16,030 --> 00:27:18,550
But I think that just slow, if you

709
00:27:18,550 --> 00:27:20,110
just slow, take your foot off the gas

710
00:27:20,110 --> 00:27:24,150
just a hair, all of a sudden, all

711
00:27:24,150 --> 00:27:27,130
the cracks and all the rot starts to

712
00:27:27,130 --> 00:27:27,450
show.

713
00:27:28,570 --> 00:27:31,530
And what is gonna, it is having a

714
00:27:31,530 --> 00:27:35,250
ripple effect across all of these industries.

715
00:27:35,390 --> 00:27:38,230
Podcasting is tied in with all of these.

716
00:27:38,250 --> 00:27:40,490
Podcast advertising and podcast hosting.

717
00:27:40,830 --> 00:27:41,850
Yes, yes.

718
00:27:42,430 --> 00:27:46,770
And so, I mean, this is gonna be

719
00:27:46,770 --> 00:27:47,190
rough.

720
00:27:47,630 --> 00:27:49,110
I mean, I think, you know, once these

721
00:27:49,110 --> 00:27:51,830
kinds of things start, it's gonna be, it

722
00:27:51,830 --> 00:27:54,630
could be pretty nasty over the next few

723
00:27:54,630 --> 00:27:55,690
months, a few years.

724
00:27:55,690 --> 00:27:59,170
Oh, well, I have my own indicator because

725
00:27:59,170 --> 00:28:01,450
I've been doing it for 18 years and

726
00:28:01,450 --> 00:28:04,950
I can see that people are slower to

727
00:28:04,950 --> 00:28:07,030
part with their money in value for value.

728
00:28:08,530 --> 00:28:10,210
I just see it.

729
00:28:10,570 --> 00:28:13,590
And which, by the way, is one of

730
00:28:13,590 --> 00:28:15,910
the most fantastic things about value for value

731
00:28:15,910 --> 00:28:18,050
because yes, it fluctuates and yes, it goes

732
00:28:18,050 --> 00:28:21,010
down, but it's not like people are on

733
00:28:21,010 --> 00:28:22,470
mass canceling subscriptions.

734
00:28:23,190 --> 00:28:24,870
When they still feel like they get some

735
00:28:24,870 --> 00:28:27,030
value, they send off another, you know, five

736
00:28:27,030 --> 00:28:31,010
or 50 or sometimes $500, but only when

737
00:28:31,010 --> 00:28:31,550
they can.

738
00:28:31,630 --> 00:28:33,690
And they email me, hey man, like, I'm

739
00:28:33,690 --> 00:28:34,250
really sorry.

740
00:28:34,410 --> 00:28:36,470
I haven't been able to send anything for

741
00:28:36,470 --> 00:28:36,990
a while.

742
00:28:39,210 --> 00:28:41,430
So John and I both have noticed it.

743
00:28:41,910 --> 00:28:44,310
And you know, I don't think it's a

744
00:28:44,310 --> 00:28:46,690
reduction in quality of the products.

745
00:28:47,570 --> 00:28:50,050
Although some would say because we don't askew

746
00:28:50,050 --> 00:28:51,670
Israel, it is, but I disagree.

747
00:28:52,370 --> 00:28:52,810
Okay.

748
00:28:54,810 --> 00:28:58,990
But you know, that's, I think what we're,

749
00:28:59,890 --> 00:29:03,150
I think that's what we're staring down the

750
00:29:03,150 --> 00:29:03,730
face of.

751
00:29:03,850 --> 00:29:04,290
I agree.

752
00:29:04,490 --> 00:29:06,990
And it makes me think like, I've kind

753
00:29:06,990 --> 00:29:09,410
of brought this mindset.

754
00:29:11,250 --> 00:29:11,990
To the boardroom?

755
00:29:11,990 --> 00:29:14,510
Or sort of to, well, to the thought

756
00:29:14,510 --> 00:29:19,650
about value for value, about the Bitcoin, you

757
00:29:19,650 --> 00:29:20,330
know, value tag.

758
00:29:20,430 --> 00:29:21,330
Now I knew we're gonna be talking to

759
00:29:21,330 --> 00:29:21,950
Chad today.

760
00:29:23,670 --> 00:29:27,510
And it just made me, I've been thinking

761
00:29:27,510 --> 00:29:33,550
a lot about this and I feel like

762
00:29:33,550 --> 00:29:40,390
it's not inappropriate to have sort of convictions

763
00:29:40,390 --> 00:29:42,230
about things.

764
00:29:43,290 --> 00:29:45,950
And even if nobody, even if other people

765
00:29:45,950 --> 00:29:47,390
don't share those convictions.

766
00:29:48,250 --> 00:29:52,450
And so it's, you know, we've always had

767
00:29:52,450 --> 00:29:56,350
a feeling that Bitcoin was gonna be sort

768
00:29:56,350 --> 00:29:59,230
of a modern hard asset.

769
00:30:00,050 --> 00:30:02,810
It would share a use case with gold

770
00:30:04,050 --> 00:30:06,210
and in a way that's easier to get

771
00:30:06,210 --> 00:30:07,190
into and out of.

772
00:30:07,850 --> 00:30:12,570
Now, you know, whether gold, so I mean,

773
00:30:12,610 --> 00:30:14,930
gold has a lot of drawbacks too.

774
00:30:16,050 --> 00:30:17,910
You know, it's, you gotta store it, you

775
00:30:17,910 --> 00:30:18,770
gotta keep it safe.

776
00:30:19,010 --> 00:30:22,870
You can't really ship it very easily without,

777
00:30:22,990 --> 00:30:25,830
you know, heavy insurance and that kind of

778
00:30:25,830 --> 00:30:26,150
thing.

779
00:30:26,270 --> 00:30:30,850
And it's a cumbersome thing to have, but

780
00:30:30,850 --> 00:30:33,350
it always, but it serves a purpose as

781
00:30:33,350 --> 00:30:37,550
a hard asset and as a store of

782
00:30:37,550 --> 00:30:38,070
value.

783
00:30:39,230 --> 00:30:45,030
And there was, Bitcoin is sharing that same

784
00:30:45,030 --> 00:30:49,370
role, but in a much more accessible, easier

785
00:30:49,370 --> 00:30:51,850
to get in and out of, you know,

786
00:30:52,150 --> 00:30:52,650
package.

787
00:30:53,470 --> 00:30:57,290
And so I think, you know, what we

788
00:30:57,290 --> 00:31:00,670
felt like early on and why we thought

789
00:31:00,670 --> 00:31:03,710
that Bitcoin was a good thing to do

790
00:31:03,710 --> 00:31:06,550
in podcasting, good thing to support directly in

791
00:31:06,550 --> 00:31:08,930
podcasting was because of its digital nature, because

792
00:31:08,930 --> 00:31:10,890
of its open nature, because it was easy

793
00:31:10,890 --> 00:31:11,830
- Programability.

794
00:31:12,130 --> 00:31:14,490
To plug into program, yeah, programmatically.

795
00:31:16,750 --> 00:31:19,950
And then, but also that it was going

796
00:31:19,950 --> 00:31:21,850
to somehow serve this other role.

797
00:31:22,390 --> 00:31:24,970
And so, you know, a podcaster could say,

798
00:31:25,930 --> 00:31:27,670
you know, could do advertising and could do

799
00:31:27,670 --> 00:31:30,070
lots of different revenue streams, but then also

800
00:31:30,070 --> 00:31:32,250
have this sort of backup strategy.

801
00:31:32,450 --> 00:31:34,410
This is the sort of the retirement account

802
00:31:34,950 --> 00:31:38,510
for a podcaster where they, you know, for

803
00:31:38,510 --> 00:31:40,570
lack of a better terms, you know, stacking

804
00:31:40,570 --> 00:31:41,370
stats or whatever.

805
00:31:41,510 --> 00:31:45,910
They're also getting a stream of Bitcoin in,

806
00:31:45,990 --> 00:31:47,890
which is this hard asset, which is going

807
00:31:47,890 --> 00:31:50,990
to resist inflationary pressure.

808
00:31:51,850 --> 00:31:54,530
Yeah, it's volatile, it is, but that's the

809
00:31:54,530 --> 00:31:56,610
nature of a 24-7 hard asset.

810
00:31:56,610 --> 00:31:59,770
Of a true open market without handbrakes, emergency

811
00:31:59,770 --> 00:32:00,710
brakes, of course.

812
00:32:01,430 --> 00:32:05,570
Right, and people pull, the reason gold is

813
00:32:05,570 --> 00:32:07,690
less volatile, even though it has been pretty

814
00:32:07,690 --> 00:32:09,870
nasty the last couple of weeks, even though

815
00:32:09,870 --> 00:32:11,350
the reason gold is less volatile is just

816
00:32:11,350 --> 00:32:12,670
because it's so much harder to get rid

817
00:32:12,670 --> 00:32:12,910
of.

818
00:32:12,950 --> 00:32:13,170
Right.

819
00:32:13,790 --> 00:32:15,190
You know, when you can get rid of

820
00:32:15,190 --> 00:32:20,210
Bitcoin instantly, it's going to swing wildly sometimes.

821
00:32:20,970 --> 00:32:22,590
So anyway, I'm just bringing all that to

822
00:32:22,590 --> 00:32:25,070
the table of like this discussion of, I

823
00:32:25,070 --> 00:32:29,630
think if you sort of eject the growth

824
00:32:29,630 --> 00:32:35,310
mindset and say, well, you know, you can

825
00:32:35,310 --> 00:32:37,630
have a conviction about something, you don't have

826
00:32:37,630 --> 00:32:39,830
to just be open to, okay, well, I

827
00:32:39,830 --> 00:32:41,490
guess we can't do it since we can't

828
00:32:41,490 --> 00:32:43,610
support, and we can't do it unless we

829
00:32:43,610 --> 00:32:46,150
can support every possible currency that exists in

830
00:32:46,150 --> 00:32:48,150
the world and all of them you haven't

831
00:32:48,150 --> 00:32:48,870
even thought of yet.

832
00:32:49,730 --> 00:32:54,450
Well, I mean, still to this day, very

833
00:32:54,450 --> 00:32:57,670
little work has been done on any other

834
00:32:57,670 --> 00:33:03,110
currency, even the dollar, other than Bitcoin.

835
00:33:03,610 --> 00:33:05,430
I'm talking about in the RSS feed, I'm

836
00:33:05,430 --> 00:33:06,350
not talking about platforms.

837
00:33:06,530 --> 00:33:09,390
So you're making a case to keep it

838
00:33:09,390 --> 00:33:10,850
as Bitcoin, is that what I'm hearing?

839
00:33:12,010 --> 00:33:13,590
I think I'm feeling that way.

840
00:33:13,890 --> 00:33:16,730
And I'm not saying reject, you can bring

841
00:33:16,730 --> 00:33:17,870
Chad anytime if you want to.

842
00:33:18,010 --> 00:33:19,490
No, I don't want to, let him sit

843
00:33:19,490 --> 00:33:19,730
there.

844
00:33:20,750 --> 00:33:21,610
I'm free.

845
00:33:22,530 --> 00:33:24,350
Well, you want to play this last Milton

846
00:33:24,350 --> 00:33:25,930
Friedman clip and then we can bring him

847
00:33:25,930 --> 00:33:26,170
in?

848
00:33:26,990 --> 00:33:27,470
Oh, yeah, sure.

849
00:33:27,750 --> 00:33:29,090
What is he saying here?

850
00:33:29,210 --> 00:33:29,670
It's short.

851
00:33:29,790 --> 00:33:30,370
Just play it.

852
00:33:30,770 --> 00:33:34,150
The difficulty of having people to understand monetary

853
00:33:34,150 --> 00:33:35,430
theory is very simple.

854
00:33:35,950 --> 00:33:39,130
And that is that the central banks are

855
00:33:39,130 --> 00:33:40,330
good at press relations.

856
00:33:41,070 --> 00:33:45,730
The central banks hire people and the central

857
00:33:45,730 --> 00:33:48,470
banks employ a large fraction of all economists.

858
00:33:49,770 --> 00:33:52,350
So there is a bias to tell the

859
00:33:52,350 --> 00:33:54,450
case, the story, in a way that is

860
00:33:54,450 --> 00:33:55,890
favorable to the central banks.

861
00:33:55,990 --> 00:33:57,830
Oh, well, of course, that makes nothing but

862
00:33:57,830 --> 00:33:58,170
sense.

863
00:33:58,410 --> 00:33:59,090
Nothing but sense.

864
00:33:59,170 --> 00:34:00,250
By the way- When they all work

865
00:34:00,250 --> 00:34:01,830
for the Fed, then that's what the story

866
00:34:01,830 --> 00:34:01,930
is.

867
00:34:01,930 --> 00:34:02,450
Yeah, of course.

868
00:34:02,650 --> 00:34:03,470
So two things.

869
00:34:03,550 --> 00:34:07,449
One, this explains to me immediately why there

870
00:34:07,449 --> 00:34:13,350
is a federal law that no states may

871
00:34:13,350 --> 00:34:16,090
make any laws against AI for 10 years.

872
00:34:18,159 --> 00:34:19,620
That was quite controversial.

873
00:34:20,219 --> 00:34:21,380
When did this happen?

874
00:34:21,739 --> 00:34:23,760
That might've been part of the big, beautiful,

875
00:34:23,820 --> 00:34:24,920
one big, beautiful bill.

876
00:34:25,520 --> 00:34:25,880
Let me see.

877
00:34:26,400 --> 00:34:27,360
Yeah, I think so.

878
00:34:27,460 --> 00:34:28,420
Let me just double check.

879
00:34:28,639 --> 00:34:29,699
Are you kidding me?

880
00:34:29,699 --> 00:34:31,520
No, no, no, no, no, no.

881
00:34:31,659 --> 00:34:32,139
No.

882
00:34:32,139 --> 00:34:32,739
Oh, that's great.

883
00:34:33,179 --> 00:34:33,699
Let me see.

884
00:34:33,800 --> 00:34:39,020
No state laws against AI for 10 years.

885
00:34:40,199 --> 00:34:42,880
Where did that come from?

886
00:34:43,060 --> 00:34:43,580
Let's see.

887
00:34:45,960 --> 00:34:48,739
They said, Spencer said they're edging Chad.

888
00:34:51,580 --> 00:34:52,260
Hold on.

889
00:34:52,440 --> 00:34:53,739
Oh, I'm on expert mode.

890
00:34:53,820 --> 00:34:54,860
So it's going to take a second.

891
00:34:55,300 --> 00:34:57,360
Expert mode on Grok is a piece of

892
00:34:57,360 --> 00:34:57,820
crap.

893
00:34:59,200 --> 00:35:01,100
I've been doing an interface today.

894
00:35:02,880 --> 00:35:04,960
And I said, change the color.

895
00:35:05,780 --> 00:35:07,700
And then none of the buttons would work.

896
00:35:07,980 --> 00:35:08,920
You know, it's like- Oh, cool.

897
00:35:09,020 --> 00:35:10,140
How hard can it be?

898
00:35:10,140 --> 00:35:10,920
They sure do look good.

899
00:35:11,100 --> 00:35:12,520
How hard can it be?

900
00:35:12,960 --> 00:35:14,700
Don't change anything except the color.

901
00:35:14,800 --> 00:35:16,500
Well, I changed the color and I changed

902
00:35:16,500 --> 00:35:18,940
the way the CSS- No, no.

903
00:35:18,940 --> 00:35:21,840
Just give me the code for dark.

904
00:35:22,580 --> 00:35:23,020
Productive.

905
00:35:23,040 --> 00:35:23,780
Do you feel productive?

906
00:35:23,920 --> 00:35:25,300
Do you feel very much more productive?

907
00:35:25,600 --> 00:35:28,840
Well, again, I feel more productive than having

908
00:35:28,840 --> 00:35:29,700
no Dave Jones.

909
00:35:30,840 --> 00:35:31,220
That's true.

910
00:35:31,560 --> 00:35:32,960
So there's a point.

911
00:35:33,100 --> 00:35:34,320
Oh, it's going to take a long time

912
00:35:34,320 --> 00:35:34,480
here.

913
00:35:35,640 --> 00:35:36,580
Thank you, Mike Newman.

914
00:35:36,700 --> 00:35:37,560
Let's bring in Chad.

915
00:35:37,800 --> 00:35:39,840
Let's bring in the man of many wallets,

916
00:35:39,840 --> 00:35:42,880
ladies and gentlemen, the one, the only, Chad

917
00:35:42,880 --> 00:35:43,360
F.

918
00:35:45,240 --> 00:35:45,820
Hey, guys.

919
00:35:46,080 --> 00:35:46,700
Hey, Chad.

920
00:35:46,940 --> 00:35:47,780
How are you?

921
00:35:48,940 --> 00:35:50,140
I'm the man of many wallets.

922
00:35:50,280 --> 00:35:50,560
I like that.

923
00:35:50,940 --> 00:35:51,360
Yeah, yeah, yeah.

924
00:35:51,460 --> 00:35:52,800
I'm good.

925
00:35:52,960 --> 00:35:56,260
It's really weird being here, to be honest.

926
00:35:56,640 --> 00:35:58,320
Oh, well, we love having you here, man.

927
00:35:58,600 --> 00:36:00,740
And I think I said on the last

928
00:36:00,740 --> 00:36:04,020
board meeting that when I heard your voice

929
00:36:04,020 --> 00:36:05,940
on the demo you did of one of

930
00:36:05,940 --> 00:36:08,880
your V4V music wallets, I'm like, that guy

931
00:36:08,880 --> 00:36:12,200
doesn't sound like I envisioned Chad's voice sounding

932
00:36:12,200 --> 00:36:12,940
at all.

933
00:36:13,780 --> 00:36:16,660
It almost sounded like you thought I sounded

934
00:36:16,660 --> 00:36:18,540
like Todd Cochran for a second.

935
00:36:18,540 --> 00:36:19,340
Oh, no, no.

936
00:36:19,400 --> 00:36:20,680
I just thought you were like a really

937
00:36:20,680 --> 00:36:22,600
wimpy, whiny voice, but you're not.

938
00:36:23,520 --> 00:36:24,300
Well, thanks.

939
00:36:27,880 --> 00:36:29,740
This says a lot, doesn't it?

940
00:36:29,900 --> 00:36:30,120
Yeah.

941
00:36:30,740 --> 00:36:33,080
Hey, I'll take that.

942
00:36:34,020 --> 00:36:36,220
Well, we're glad to have you here, man,

943
00:36:36,260 --> 00:36:36,760
for sure.

944
00:36:36,980 --> 00:36:39,000
Because you have been doing, you've been doing

945
00:36:39,000 --> 00:36:43,880
just Yeoman's work on testing out everything to

946
00:36:43,880 --> 00:36:45,840
see if we can, well, I'm going to,

947
00:36:46,000 --> 00:36:48,360
I'll set it up and then you can

948
00:36:48,360 --> 00:36:48,800
tell us.

949
00:36:48,880 --> 00:36:52,580
But to me, once Key Send started to

950
00:36:52,580 --> 00:36:54,780
become an issue and we started talking about

951
00:36:54,780 --> 00:36:56,580
it, you went on a very long journey,

952
00:36:56,820 --> 00:36:59,400
months and months, I would say, of trying

953
00:36:59,400 --> 00:37:02,000
to find first ways to make Key Send

954
00:37:02,000 --> 00:37:02,440
work.

955
00:37:02,520 --> 00:37:05,060
And I think you've now switched to, okay,

956
00:37:05,100 --> 00:37:07,560
how can we make Bell and Address's work?

957
00:37:09,880 --> 00:37:13,720
And with some focus on sovereignty and being

958
00:37:13,720 --> 00:37:16,180
self-hosted, I think you've probably let that

959
00:37:16,180 --> 00:37:17,120
slip a little bit.

960
00:37:18,780 --> 00:37:21,560
And you've come up with solutions and you're

961
00:37:21,560 --> 00:37:26,340
really looking at everything just in any attempt

962
00:37:26,340 --> 00:37:28,180
to continue to make this work.

963
00:37:28,260 --> 00:37:30,860
The biggest issue, I think, being metadata.

964
00:37:31,180 --> 00:37:32,300
Does that kind of sum it up?

965
00:37:35,080 --> 00:37:40,940
Yeah, but actually the wallet journey has been,

966
00:37:40,940 --> 00:37:44,260
I guess, really ever since we switched from

967
00:37:44,260 --> 00:37:47,640
LNPay to Albi, because I know how much

968
00:37:47,640 --> 00:37:48,720
of a pain that was.

969
00:37:49,780 --> 00:37:53,080
And we've always been, like, personally, I've been

970
00:37:53,080 --> 00:37:54,980
looking for an Albi alternative for the last

971
00:37:54,980 --> 00:37:56,300
three years.

972
00:37:58,960 --> 00:38:01,680
And I still don't really have one.

973
00:38:03,260 --> 00:38:05,260
Yeah, I don't see one out there, you

974
00:38:05,260 --> 00:38:05,400
know?

975
00:38:06,000 --> 00:38:07,700
Yeah, well, and- You mean like a

976
00:38:07,700 --> 00:38:09,860
drop-in API replacement type thing?

977
00:38:12,500 --> 00:38:16,420
Um, there's wallets out there.

978
00:38:16,720 --> 00:38:20,360
So like that music demo app you referenced

979
00:38:20,360 --> 00:38:23,480
that uses the- The Breeze Spark wallet.

980
00:38:24,120 --> 00:38:27,320
Yeah, and that was, like, I added that

981
00:38:27,320 --> 00:38:30,100
to an app that I already had within

982
00:38:30,100 --> 00:38:32,960
a couple hours of vibe coding.

983
00:38:33,420 --> 00:38:36,580
And that was really just dropping the GitHub

984
00:38:36,580 --> 00:38:38,580
in and kind of getting it to work.

985
00:38:38,580 --> 00:38:41,900
So that works.

986
00:38:44,220 --> 00:38:47,660
And there are other wallets that work, but

987
00:38:47,660 --> 00:38:49,080
none of them do Keysend.

988
00:38:50,720 --> 00:38:54,640
So you can, like, I can, anyone can

989
00:38:54,640 --> 00:38:57,460
go and build, like, a new podcast app

990
00:38:57,460 --> 00:39:02,200
or a music app using the, like, 30

991
00:39:02,200 --> 00:39:06,120
,000 value-enabled feeds in the index.

992
00:39:06,840 --> 00:39:11,260
But they all have Keysend, so you can't

993
00:39:11,260 --> 00:39:11,760
pay them.

994
00:39:13,220 --> 00:39:16,040
That may, that is going to be changing

995
00:39:16,040 --> 00:39:22,480
as, as my understanding is that Fountain is

996
00:39:22,480 --> 00:39:25,980
going to start, you know, changing those feeds

997
00:39:26,460 --> 00:39:28,900
to have a LN address.

998
00:39:29,480 --> 00:39:34,040
Because I, you know, I spoke with, Oscar

999
00:39:34,040 --> 00:39:35,500
reached out to me to make sure that

1000
00:39:35,500 --> 00:39:40,320
the APIs were right for him to make

1001
00:39:40,320 --> 00:39:40,880
those changes.

1002
00:39:41,000 --> 00:39:42,520
So I think, I think they're going to

1003
00:39:42,520 --> 00:39:44,780
retroactively, at least for all the stuff that

1004
00:39:44,780 --> 00:39:48,300
Fountain, all the podcasters that Fountain hosts, they're

1005
00:39:48,300 --> 00:39:49,320
going to start changing that.

1006
00:39:49,460 --> 00:39:52,340
So it really, it would be, I guess

1007
00:39:52,340 --> 00:39:54,360
the other major sources would probably be, what,

1008
00:39:54,500 --> 00:39:59,560
Wavelake, and then all the self-hosters, LN

1009
00:39:59,560 --> 00:40:00,040
Beats.

1010
00:40:01,660 --> 00:40:04,600
Yeah, because really, like, even that demo app

1011
00:40:04,600 --> 00:40:09,220
basically uses Fountain music feeds because they don't

1012
00:40:09,220 --> 00:40:10,120
have any Keysend.

1013
00:40:11,120 --> 00:40:19,480
So Fountain changes and probably most, probably most

1014
00:40:19,480 --> 00:40:22,620
podcasters are using a Fountain feed anyhow.

1015
00:40:23,220 --> 00:40:27,400
So even if they're using, like, Podhome or

1016
00:40:27,400 --> 00:40:30,680
someone else, I would assume that Fountain would

1017
00:40:30,680 --> 00:40:35,120
just fix that somehow, but that's, I mean,

1018
00:40:35,160 --> 00:40:37,400
that's really on the host, honestly.

1019
00:40:37,720 --> 00:40:41,880
Like if they're making feeds for people with

1020
00:40:41,880 --> 00:40:45,980
like value tags on them, it's kind of

1021
00:40:45,980 --> 00:40:47,920
up to them to pick what they put

1022
00:40:47,920 --> 00:40:48,240
in them.

1023
00:40:48,900 --> 00:40:49,500
Right.

1024
00:40:49,760 --> 00:40:54,520
Honestly, and then the self-hosters, which is

1025
00:40:54,520 --> 00:40:55,740
the camp I'm in.

1026
00:40:57,060 --> 00:41:01,560
So like I'm running a lightning node with

1027
00:41:01,560 --> 00:41:06,960
Albie Hub and it's, as a listener, it's

1028
00:41:06,960 --> 00:41:08,840
the best setup I've ever had.

1029
00:41:09,740 --> 00:41:12,800
All of my sending payments show up in

1030
00:41:12,800 --> 00:41:16,500
Albie Hub and I mean, they show up

1031
00:41:16,500 --> 00:41:19,420
in Albie Hub and Helipad.

1032
00:41:20,320 --> 00:41:23,600
And without me having Albie Hub, I wouldn't

1033
00:41:23,600 --> 00:41:25,740
have been able to do any of this

1034
00:41:25,740 --> 00:41:28,700
testing that I have just because it's.

1035
00:41:29,280 --> 00:41:31,100
Yeah, it's a Swiss army knife.

1036
00:41:31,160 --> 00:41:32,140
You got everything in there.

1037
00:41:32,710 --> 00:41:35,600
Yeah, like it's just been, it's been working

1038
00:41:36,010 --> 00:41:38,720
and it's been battle tested and the apps

1039
00:41:38,720 --> 00:41:39,680
are set up for it.

1040
00:41:39,680 --> 00:41:43,220
So kind of all of that said, like

1041
00:41:43,220 --> 00:41:47,980
the current, like the current model works and

1042
00:41:47,980 --> 00:41:50,000
we can build new apps, but any new

1043
00:41:50,000 --> 00:41:55,680
apps need to support Albie or use Albie

1044
00:41:55,680 --> 00:41:59,460
to pay most of the splits, I guess,

1045
00:42:02,260 --> 00:42:03,820
because like you could build a new app

1046
00:42:03,820 --> 00:42:06,540
right now and like all the payments are

1047
00:42:06,540 --> 00:42:08,080
just gonna fail if you try like a,

1048
00:42:08,080 --> 00:42:10,840
just say like a CoinOS wallet or like

1049
00:42:10,840 --> 00:42:13,800
Primal or anything.

1050
00:42:13,980 --> 00:42:14,640
So those are not.

1051
00:42:14,640 --> 00:42:15,880
Those are not KeySand, right?

1052
00:42:15,980 --> 00:42:16,120
Yeah.

1053
00:42:17,000 --> 00:42:19,240
Correct, yeah, because none of them, trust me,

1054
00:42:19,260 --> 00:42:22,620
I've tested them all and Albie's the only

1055
00:42:22,620 --> 00:42:23,340
thing we have.

1056
00:42:25,920 --> 00:42:31,660
So all of that said, we, if I

1057
00:42:31,660 --> 00:42:32,920
had to boil all this down, I would

1058
00:42:32,920 --> 00:42:36,020
say we need to change, we need to

1059
00:42:36,020 --> 00:42:39,460
move away from KeySand addresses in the feeds.

1060
00:42:39,800 --> 00:42:40,880
Yeah, right.

1061
00:42:40,960 --> 00:42:45,680
And I know that has metadata issues, but

1062
00:42:45,680 --> 00:42:49,640
honestly, I don't care about that because we

1063
00:42:49,640 --> 00:42:52,860
need to be sending payments before we can

1064
00:42:52,860 --> 00:42:53,320
send the message.

1065
00:42:53,320 --> 00:42:56,760
Because a couple of years ago we had

1066
00:42:56,760 --> 00:42:59,760
Boost before we had BoosterGrams.

1067
00:42:59,760 --> 00:43:00,080
Yep.

1068
00:43:00,280 --> 00:43:00,460
Right.

1069
00:43:01,840 --> 00:43:06,340
And all the other Strike or basically all

1070
00:43:06,340 --> 00:43:07,960
the other stuff, it just needs to be

1071
00:43:07,960 --> 00:43:09,260
put off for now.

1072
00:43:09,360 --> 00:43:13,160
Like we need to focus on sending payments

1073
00:43:13,160 --> 00:43:17,080
because ever since we switched to Albie, say

1074
00:43:17,080 --> 00:43:19,960
three years ago, everyone's been saying that we

1075
00:43:19,960 --> 00:43:24,220
need an Albie alternative, but no Albie alternative

1076
00:43:24,220 --> 00:43:30,440
exists because of no other wallets do KeySand,

1077
00:43:31,340 --> 00:43:33,900
but the feeds have KeySand so you can't

1078
00:43:33,900 --> 00:43:35,300
use other wallets anyhow.

1079
00:43:35,680 --> 00:43:38,840
So it's like a, it's a standoff.

1080
00:43:39,200 --> 00:43:44,420
And we always say that the feed is

1081
00:43:44,420 --> 00:43:45,400
the source of truth.

1082
00:43:46,220 --> 00:43:48,780
So if you're a podcaster and you have

1083
00:43:48,780 --> 00:43:52,360
a, I mean, you pick what you want

1084
00:43:52,360 --> 00:43:52,960
in your feed.

1085
00:43:53,120 --> 00:43:58,140
Like if your feed has KeySand, then you're

1086
00:43:58,140 --> 00:44:00,840
going to have to tell your audience how

1087
00:44:00,840 --> 00:44:03,400
to pay that or if it's a fountain

1088
00:44:03,400 --> 00:44:07,460
or whatever, like it's kind of on the,

1089
00:44:08,580 --> 00:44:11,100
like it's really on the podcasters, to be

1090
00:44:11,100 --> 00:44:12,080
honest, if we're going to.

1091
00:44:12,140 --> 00:44:15,240
Well, Dave, if you did a search right

1092
00:44:15,240 --> 00:44:18,620
now, I'm pretty sure that almost 90%

1093
00:44:18,620 --> 00:44:23,760
of all podcast wallet addresses in the feeds

1094
00:44:23,760 --> 00:44:27,100
are a fountain.

1095
00:44:27,860 --> 00:44:29,460
I'm just going to guess.

1096
00:44:30,320 --> 00:44:32,380
Well, but see, but even like even the

1097
00:44:32,380 --> 00:44:34,420
fountain feeds, like if you use, if you

1098
00:44:34,420 --> 00:44:37,380
use sovereign feeds, well, okay, so if you're

1099
00:44:37,380 --> 00:44:39,240
using a fountain address and if you use

1100
00:44:39,240 --> 00:44:43,080
sovereign feeds, it still puts the KeySand information

1101
00:44:43,080 --> 00:44:44,900
in the RSS feed.

1102
00:44:44,900 --> 00:44:48,180
I understand, but everyone has to change that.

1103
00:44:48,420 --> 00:44:51,880
I mean, we've even slowly changed and that'll

1104
00:44:51,880 --> 00:44:54,400
just, it's going to be painful, but that's

1105
00:44:54,400 --> 00:44:55,120
just it.

1106
00:44:55,640 --> 00:44:58,920
I mean, I've switched almost everything over to

1107
00:44:58,920 --> 00:45:02,620
LNURL for this podcast.

1108
00:45:03,380 --> 00:45:09,000
Yeah, and all of the current apps that

1109
00:45:09,000 --> 00:45:15,460
use Albi minus Podverse have updated to support

1110
00:45:15,460 --> 00:45:17,300
LN address.

1111
00:45:17,920 --> 00:45:21,220
So if you would, so if you would

1112
00:45:21,220 --> 00:45:23,080
move, I'm going to try to think how

1113
00:45:23,080 --> 00:45:23,740
I want to say this.

1114
00:45:26,440 --> 00:45:28,640
I guess, so if you're running Node now,

1115
00:45:29,720 --> 00:45:31,940
you're running Albi Hub, you put your Albi

1116
00:45:31,940 --> 00:45:35,280
address in your feed, the apps can still

1117
00:45:35,280 --> 00:45:35,620
pay it.

1118
00:45:35,780 --> 00:45:37,840
So basically if you switch from KeySand to

1119
00:45:37,840 --> 00:45:41,200
an LN address, all of the apps minus

1120
00:45:41,200 --> 00:45:45,400
Podverse can pay them just fine.

1121
00:45:45,860 --> 00:45:50,900
So like we can make this transition and

1122
00:45:50,900 --> 00:45:56,420
we know that the new Lightning addresses work

1123
00:45:56,420 --> 00:45:59,020
in the feeds, because like I've tested Strike.

1124
00:45:59,140 --> 00:46:00,640
Yeah, it works fine.

1125
00:46:01,360 --> 00:46:02,580
Yeah, Cash App and other ones.

1126
00:46:02,880 --> 00:46:07,020
So like the feeds are okay and the

1127
00:46:07,020 --> 00:46:11,820
apps can handle paying those because they use

1128
00:46:11,820 --> 00:46:12,200
Albi.

1129
00:46:14,320 --> 00:46:17,200
So like we can transition and then once,

1130
00:46:18,140 --> 00:46:20,520
like once we kind of get more feeds

1131
00:46:20,520 --> 00:46:24,340
changed over, then we can start adding maybe

1132
00:46:24,340 --> 00:46:28,240
more wallets into the apps and then worry

1133
00:46:28,240 --> 00:46:32,140
about the metadata and seeing how we tie

1134
00:46:32,140 --> 00:46:33,160
other things in.

1135
00:46:33,460 --> 00:46:35,800
Yeah, I'm with you on the metadata.

1136
00:46:36,140 --> 00:46:40,180
I mean, I will miss it very much

1137
00:46:40,180 --> 00:46:42,600
until we get it kind of working for

1138
00:46:42,600 --> 00:46:46,420
live shows because it's really cool to have

1139
00:46:46,420 --> 00:46:47,600
stuff coming in live.

1140
00:46:47,780 --> 00:46:52,020
I completely agree, but no agenda now is

1141
00:46:52,020 --> 00:46:56,020
accepting Bitcoin payments through Lightning and it's in

1142
00:46:56,020 --> 00:46:59,730
the feed as a Strike address.

1143
00:47:01,080 --> 00:47:04,620
And I'm sure we're missing some things, but

1144
00:47:04,620 --> 00:47:08,160
in general, the actual booster grams are very

1145
00:47:08,160 --> 00:47:12,180
low, but we've had several thousand dollar payments

1146
00:47:12,180 --> 00:47:15,300
come through Strike and people just send us

1147
00:47:15,300 --> 00:47:15,720
an email.

1148
00:47:17,140 --> 00:47:19,760
Yeah, that's what I was thinking a while

1149
00:47:19,760 --> 00:47:23,060
ago when Chad was describing the issues.

1150
00:47:23,340 --> 00:47:27,300
It's like, if we, the cliff we're running,

1151
00:47:27,460 --> 00:47:30,180
the cliff that we're about to run off

1152
00:47:30,180 --> 00:47:33,440
of is the, first of all, is the

1153
00:47:33,440 --> 00:47:34,580
KeySend cliff.

1154
00:47:35,140 --> 00:47:38,540
And so if we fix that first, then

1155
00:47:38,540 --> 00:47:42,480
I feel like, so if we go through

1156
00:47:42,480 --> 00:47:48,720
all the feeds, here's what I think I

1157
00:47:48,720 --> 00:47:49,200
should do.

1158
00:47:50,940 --> 00:47:53,120
I feel like I should go through and

1159
00:47:53,120 --> 00:47:56,760
just dump out a list of all of

1160
00:47:56,760 --> 00:48:02,860
the value block feeds in the index and

1161
00:48:02,860 --> 00:48:06,200
then group them by top level domain.

1162
00:48:06,200 --> 00:48:09,400
So all the feeds that are hosted at

1163
00:48:09,400 --> 00:48:14,180
Fountain, Wavelake, LN Beats, blah, blah, blah, just

1164
00:48:14,180 --> 00:48:16,440
and say, okay, and just get sort of

1165
00:48:16,440 --> 00:48:20,680
like a list that says percentage-wise, here's

1166
00:48:20,680 --> 00:48:24,860
from most to least, here's where all, here's

1167
00:48:24,860 --> 00:48:29,880
the biggest impact hosting companies that are gonna

1168
00:48:29,880 --> 00:48:32,780
have to, that still have KeySend in there

1169
00:48:32,780 --> 00:48:34,360
that are gonna need to make a change.

1170
00:48:34,960 --> 00:48:39,640
And then just like publish that so that

1171
00:48:39,640 --> 00:48:40,860
we can all see it.

1172
00:48:41,260 --> 00:48:44,520
And then that lets them, that lets the

1173
00:48:44,520 --> 00:48:47,840
people responsible for that know what they need,

1174
00:48:48,180 --> 00:48:49,540
that they need to go in there and

1175
00:48:49,540 --> 00:48:53,160
make changes and try to just keep that

1176
00:48:53,160 --> 00:48:55,820
in front of, in the front of everybody's

1177
00:48:55,820 --> 00:48:59,260
mind until we get like, until we get

1178
00:48:59,260 --> 00:49:01,120
a lot of, until we get people solving

1179
00:49:01,120 --> 00:49:01,960
their problem.

1180
00:49:01,960 --> 00:49:05,600
Yeah, and I have seen multiple podcast guru

1181
00:49:06,680 --> 00:49:10,120
metadata booster grams that come through on Strike

1182
00:49:10,120 --> 00:49:13,800
and it has a URL, same as Fountain.

1183
00:49:14,880 --> 00:49:20,320
And so, these systems are being tested and

1184
00:49:20,320 --> 00:49:22,760
built, which I'm extremely delighted by.

1185
00:49:22,920 --> 00:49:25,920
Actually, I think the Fountain ones, I think

1186
00:49:25,920 --> 00:49:27,860
they're just a link to the episode in

1187
00:49:27,860 --> 00:49:30,120
Fountain, but I could be wrong.

1188
00:49:30,120 --> 00:49:34,000
But the podcast guru ones are a link

1189
00:49:34,000 --> 00:49:37,460
to like a webpage for podcast guru and

1190
00:49:37,460 --> 00:49:40,360
it has what looks like the TLV records.

1191
00:49:40,820 --> 00:49:42,540
I also got one here from Castamatic.

1192
00:49:44,220 --> 00:49:47,560
Yeah, I'm not, I'm not sure what Frank

1193
00:49:47,560 --> 00:49:49,960
is doing yet, but I know the podcast

1194
00:49:49,960 --> 00:49:54,020
guru guys have been playing around with just

1195
00:49:54,020 --> 00:49:59,780
putting a URL in like the metadata or

1196
00:49:59,780 --> 00:50:00,040
whatever.

1197
00:50:00,120 --> 00:50:01,320
And sending that along.

1198
00:50:02,040 --> 00:50:04,940
Right, so the metadata is like, you just

1199
00:50:04,940 --> 00:50:06,380
link out to it and it's readable?

1200
00:50:06,760 --> 00:50:07,340
Is that the way it is?

1201
00:50:07,340 --> 00:50:12,120
Yeah, basically, and then I guess like if,

1202
00:50:12,380 --> 00:50:16,540
like in Adam's example of using Strike to

1203
00:50:16,540 --> 00:50:20,280
receive payments for no agenda, like Strike's not

1204
00:50:20,280 --> 00:50:22,440
going to let you tie in to get

1205
00:50:22,440 --> 00:50:22,900
that data.

1206
00:50:23,580 --> 00:50:25,960
So I think that data needs to be

1207
00:50:25,960 --> 00:50:26,320
sent.

1208
00:50:26,780 --> 00:50:27,520
Somewhere else.

1209
00:50:27,940 --> 00:50:32,680
Like, whoa, 10,000 sats, thank you very

1210
00:50:32,680 --> 00:50:33,100
much.

1211
00:50:33,780 --> 00:50:36,760
Which I'm guessing that's up to the, I'm

1212
00:50:36,760 --> 00:50:39,500
guessing that's up to the podcast apps, like.

1213
00:50:39,840 --> 00:50:41,940
Alex is running, you know, Alex is building

1214
00:50:41,940 --> 00:50:44,780
the MetaBoost spec to give us an API,

1215
00:50:45,120 --> 00:50:48,120
like a Swagger, you know, API to get,

1216
00:50:48,920 --> 00:50:51,580
to send the metadata and then we can

1217
00:50:51,580 --> 00:50:54,380
all just write to that interface and then

1218
00:50:54,380 --> 00:50:56,580
on the back end, you can push to

1219
00:50:56,580 --> 00:50:57,640
wherever you want it to be.

1220
00:50:57,800 --> 00:50:59,880
If that's, you know, Nostr, if that's Nostr

1221
00:50:59,880 --> 00:51:00,940
or somewhere else.

1222
00:51:01,040 --> 00:51:02,980
I got, I have Fountain, yeah, you're right,

1223
00:51:03,080 --> 00:51:03,280
Chad.

1224
00:51:03,420 --> 00:51:06,820
They send you a URL to the Boost,

1225
00:51:06,820 --> 00:51:08,300
the Boostagram on Fountain.

1226
00:51:09,040 --> 00:51:12,920
And so I got one here and it

1227
00:51:12,920 --> 00:51:16,960
took me right to Comix or Blogger's Boostagram.

1228
00:51:17,640 --> 00:51:19,080
So I can read it right there.

1229
00:51:19,500 --> 00:51:19,620
Yeah.

1230
00:51:19,920 --> 00:51:20,260
All right.

1231
00:51:20,480 --> 00:51:22,080
Yeah, I wasn't sure if it went to

1232
00:51:22,080 --> 00:51:23,420
like the episode page or if it went

1233
00:51:23,420 --> 00:51:26,380
right to the, right to the Boost, but

1234
00:51:26,380 --> 00:51:27,680
okay, that's good to know.

1235
00:51:28,100 --> 00:51:29,020
Yeah, yeah.

1236
00:51:29,240 --> 00:51:30,340
So that's looking good.

1237
00:51:30,860 --> 00:51:32,240
What I was saying earlier, the kind of

1238
00:51:32,240 --> 00:51:34,580
where I was going with all that discussion,

1239
00:51:34,900 --> 00:51:37,560
you know, previously is where, is that I

1240
00:51:37,560 --> 00:51:40,320
think that we're just, at some point you

1241
00:51:40,320 --> 00:51:44,460
can't avoid having some, being opinionated about stuff.

1242
00:51:45,060 --> 00:51:48,900
And we, I think we've always tried and

1243
00:51:48,900 --> 00:51:51,740
actually we've gotten criticism for this too.

1244
00:51:51,740 --> 00:51:54,560
We've tried to be so open and so

1245
00:51:54,560 --> 00:52:00,040
accommodating to every possible protocol to where, you

1246
00:52:00,040 --> 00:52:02,880
know, like when you, for instance, the social

1247
00:52:02,880 --> 00:52:06,000
interact tag, you know, it's made to be

1248
00:52:06,000 --> 00:52:08,080
where you can just plug anything into it.

1249
00:52:08,160 --> 00:52:10,440
You don't, we never said, okay, you must

1250
00:52:10,440 --> 00:52:14,020
use ActivityPub or you must use this or

1251
00:52:14,020 --> 00:52:14,320
that.

1252
00:52:15,080 --> 00:52:17,300
But so we tried, instead we tried to

1253
00:52:17,300 --> 00:52:18,780
make it where it was just as open

1254
00:52:18,780 --> 00:52:20,400
as possible and pluggable.

1255
00:52:20,920 --> 00:52:23,840
But I think, you know, and that's fine.

1256
00:52:23,920 --> 00:52:26,080
I still think that's the right approach most

1257
00:52:26,080 --> 00:52:26,860
of the time.

1258
00:52:28,620 --> 00:52:32,020
But when it comes to, but then you

1259
00:52:32,020 --> 00:52:33,180
have to, then you step back and you

1260
00:52:33,180 --> 00:52:35,280
look and you say, okay, it's been five

1261
00:52:35,280 --> 00:52:35,720
years.

1262
00:52:36,500 --> 00:52:39,820
And the only people who are using the

1263
00:52:39,820 --> 00:52:44,000
value tag in anything like, the only people

1264
00:52:44,000 --> 00:52:47,220
using it period are Bitcoin people.

1265
00:52:47,900 --> 00:52:51,000
So it doesn't mean you stop, it doesn't

1266
00:52:51,000 --> 00:52:52,300
mean we're gonna, you know, that we all

1267
00:52:52,300 --> 00:52:54,220
change the spec to where it doesn't accept

1268
00:52:54,220 --> 00:52:55,160
anything but Bitcoin.

1269
00:52:55,280 --> 00:52:57,800
It just means that I think like we

1270
00:52:57,800 --> 00:53:00,640
can safely say at this point in the

1271
00:53:00,640 --> 00:53:07,400
game, let's focus on Bitcoin and solve this

1272
00:53:07,400 --> 00:53:11,280
problem and make sure that it works because

1273
00:53:11,280 --> 00:53:15,080
it's just, it's been in a broken state

1274
00:53:15,080 --> 00:53:16,460
for months now, sort of.

1275
00:53:16,460 --> 00:53:18,540
And it's just sort of limping along.

1276
00:53:18,700 --> 00:53:22,460
And I think we need to like, I'm

1277
00:53:22,460 --> 00:53:25,100
kind of speaking just from my own mind

1278
00:53:25,100 --> 00:53:25,320
here.

1279
00:53:25,420 --> 00:53:28,180
I'm talking this out myself so that I

1280
00:53:28,180 --> 00:53:31,800
understand what I'm planning to do and say,

1281
00:53:31,960 --> 00:53:36,480
well, this is, I'm not gonna feel bad

1282
00:53:36,480 --> 00:53:39,260
about just digging in and making sure that

1283
00:53:39,260 --> 00:53:41,560
we fix the Bitcoin part.

1284
00:53:43,470 --> 00:53:49,060
You know, I don't, anything else, trying to

1285
00:53:49,060 --> 00:53:52,680
say, oh, well, they dropped KeySend or they're

1286
00:53:52,680 --> 00:53:55,060
not, they dropped, but like nobody supports KeySend

1287
00:53:55,060 --> 00:53:57,700
for normal wallets.

1288
00:53:57,820 --> 00:54:01,320
So let's switch to stable coin or let's

1289
00:54:01,320 --> 00:54:02,680
try to figure out how to cram the

1290
00:54:02,680 --> 00:54:04,260
dollar into this thing or whatever.

1291
00:54:04,400 --> 00:54:08,740
I mean, I just don't think that's useful.

1292
00:54:08,980 --> 00:54:10,280
I think we just need to double down

1293
00:54:10,280 --> 00:54:12,040
on the people who clearly love and use

1294
00:54:12,040 --> 00:54:13,140
this thing all the time.

1295
00:54:13,520 --> 00:54:19,500
Yeah, and like you say that Bitcoiners are

1296
00:54:19,500 --> 00:54:23,680
using this and Bitcoiners are just happy with

1297
00:54:23,680 --> 00:54:26,480
whatever Fountain decides to do.

1298
00:54:26,560 --> 00:54:30,660
And I like the direction Oscar's going.

1299
00:54:30,780 --> 00:54:33,120
I might not, I might not agree with

1300
00:54:33,120 --> 00:54:38,340
it, like with the Nostr stuff fully, but

1301
00:54:38,340 --> 00:54:45,320
like the bit, the quote unquote Bitcoiners are

1302
00:54:45,320 --> 00:54:49,180
only using Fountain and they'll just do whatever

1303
00:54:49,180 --> 00:54:50,640
Fountain tells them to do.

1304
00:54:51,420 --> 00:54:55,380
And my focus is on those of us

1305
00:54:55,380 --> 00:54:59,520
that have been here all five years and

1306
00:54:59,520 --> 00:55:02,340
wanna help all of the apps do this,

1307
00:55:02,400 --> 00:55:04,540
not just Fountain.

1308
00:55:05,380 --> 00:55:08,440
Like I want, like I wanna help Franco,

1309
00:55:08,640 --> 00:55:10,780
wanna help the guys that, you know, podcast

1310
00:55:10,780 --> 00:55:14,480
guru, Mitch over at Podverse, Stephen B at

1311
00:55:14,480 --> 00:55:15,180
CurioCaster.

1312
00:55:15,880 --> 00:55:19,660
So like, I'm like, I kind of see

1313
00:55:19,660 --> 00:55:25,020
how like, like moving away from KeySend is

1314
00:55:25,020 --> 00:55:26,580
like the first step to fixing all this.

1315
00:55:26,740 --> 00:55:30,380
Like for me, testing and vibe coding stuff,

1316
00:55:31,120 --> 00:55:34,600
if I had more feeds that didn't have

1317
00:55:34,600 --> 00:55:36,860
KeySend, they wouldn't rely on Albi.

1318
00:55:37,560 --> 00:55:41,940
So then I could test, I could test

1319
00:55:41,940 --> 00:55:45,360
with other wallets and maybe that would bring

1320
00:55:45,360 --> 00:55:50,200
more, more people on board because like, I've

1321
00:55:50,200 --> 00:55:53,140
also been working with some Nostr devs and

1322
00:55:53,140 --> 00:55:55,000
one of them built a music app and

1323
00:55:55,000 --> 00:55:57,780
they pulled everything in from the index and

1324
00:55:57,780 --> 00:56:00,760
they said, hey, these all have KeySend payments,

1325
00:56:01,560 --> 00:56:05,720
which requires using Albi Hub and Albi Hub

1326
00:56:05,720 --> 00:56:08,720
isn't really that popular amongst Bitcoiners because even

1327
00:56:08,720 --> 00:56:10,940
they think it's too much to do.

1328
00:56:11,990 --> 00:56:15,280
So he just turns those off.

1329
00:56:15,780 --> 00:56:20,720
So he'll, his app will show all of

1330
00:56:20,720 --> 00:56:25,920
the music from the index, but if it's,

1331
00:56:26,240 --> 00:56:28,380
basically if you can't send a zap to

1332
00:56:28,380 --> 00:56:32,960
it, it's just turned off because he would

1333
00:56:32,960 --> 00:56:37,020
rather turn it off than have an error

1334
00:56:37,020 --> 00:56:37,500
message.

1335
00:56:38,900 --> 00:56:43,180
So it's like, it really just comes back

1336
00:56:43,180 --> 00:56:46,580
to KeySend and like, it doesn't say KeySend

1337
00:56:46,580 --> 00:56:49,080
has to go away because you can, I

1338
00:56:49,080 --> 00:56:52,060
mean, you can still leave KeySend in there

1339
00:56:52,060 --> 00:56:55,760
and just tell people to use Fountain as

1340
00:56:55,760 --> 00:56:57,500
long as they support KeySend and use Albi

1341
00:56:57,500 --> 00:57:00,560
as long as it supports KeySend.

1342
00:57:00,560 --> 00:57:03,620
So it's like, I don't know.

1343
00:57:03,680 --> 00:57:05,280
It comes back to the feeds, I guess,

1344
00:57:05,320 --> 00:57:07,540
is kind of my, if I had to

1345
00:57:07,540 --> 00:57:08,380
sum all this up.

1346
00:57:10,900 --> 00:57:15,200
Well, there's somebody, just trying to figure out

1347
00:57:15,200 --> 00:57:18,080
who this is, somebody in the boardroom, caught,

1348
00:57:18,460 --> 00:57:21,100
maybe it's Cotton Gin saying just use Noster.

1349
00:57:22,100 --> 00:57:26,320
I mean, the problem, I don't want to,

1350
00:57:26,320 --> 00:57:31,860
the value tag is supposed to be, it's

1351
00:57:31,860 --> 00:57:34,580
supposed to be a direct interface to the

1352
00:57:34,580 --> 00:57:40,760
currency or to the protocol that controls the

1353
00:57:40,760 --> 00:57:41,120
ledger.

1354
00:57:42,220 --> 00:57:47,440
It should not be an interface to an

1355
00:57:47,440 --> 00:57:53,200
intermediary platform like Noster that has some then

1356
00:57:53,200 --> 00:57:55,960
depend, that where you have to use Noster

1357
00:57:55,960 --> 00:57:56,920
to get to Bitcoin.

1358
00:57:57,600 --> 00:58:00,500
That's just, I don't think that that makes

1359
00:58:00,500 --> 00:58:01,120
any sense.

1360
00:58:01,240 --> 00:58:02,200
I mean, if you're going to use, if

1361
00:58:02,200 --> 00:58:04,500
you're going to do that, just figure out

1362
00:58:04,500 --> 00:58:08,760
how to manipulate like the, just put in

1363
00:58:08,760 --> 00:58:13,680
some podcast TXT records or something like that

1364
00:58:13,680 --> 00:58:16,780
to try to shove that in there or

1365
00:58:16,780 --> 00:58:18,280
put it, figure out how to put it

1366
00:58:18,280 --> 00:58:20,060
in the funding tag or something like that

1367
00:58:20,060 --> 00:58:22,940
in some way.

1368
00:58:23,600 --> 00:58:26,460
But I mean, the value tag itself is

1369
00:58:26,460 --> 00:58:30,540
supposed to be a direct interface to the

1370
00:58:30,540 --> 00:58:34,560
currency ledger tool itself.

1371
00:58:35,040 --> 00:58:37,540
So that's going to either be directly on

1372
00:58:37,540 --> 00:58:42,700
-chain, lightning, ARK, you know, something like that

1373
00:58:42,700 --> 00:58:43,200
directly.

1374
00:58:44,240 --> 00:58:46,220
I think we have to keep it that

1375
00:58:46,220 --> 00:58:46,440
way.

1376
00:58:46,620 --> 00:58:48,920
It doesn't make any other sense to, I

1377
00:58:48,920 --> 00:58:50,940
do not, I don't think you can, I

1378
00:58:50,940 --> 00:58:53,420
think it's a slippery slope to try to,

1379
00:58:53,500 --> 00:58:55,980
because then why don't you just put like

1380
00:58:55,980 --> 00:58:59,800
a strike directly in there with API calls

1381
00:58:59,800 --> 00:59:00,220
or something?

1382
00:59:00,340 --> 00:59:02,340
Like it doesn't make, I think that's a

1383
00:59:02,340 --> 00:59:03,180
dangerous thing to do.

1384
00:59:03,660 --> 00:59:09,240
Yeah, and like, I'm like kind of on

1385
00:59:09,240 --> 00:59:12,960
the fence with Noster, but like it keeps

1386
00:59:12,960 --> 00:59:13,500
coming up.

1387
00:59:13,520 --> 00:59:16,380
So like it being used for the metadata,

1388
00:59:16,380 --> 00:59:20,860
I do like, because I've added Oscar's proposal

1389
00:59:21,600 --> 00:59:23,220
to some of my apps, so I can

1390
00:59:23,220 --> 00:59:26,500
send a boost and it goes to Helipad

1391
00:59:26,500 --> 00:59:27,340
like it does now.

1392
00:59:27,600 --> 00:59:29,680
And it also posts to Noster.

1393
00:59:30,700 --> 00:59:33,100
So that's like, that's a nice option, but

1394
00:59:33,100 --> 00:59:34,980
that's only like one of three options we

1395
00:59:34,980 --> 00:59:35,720
have for the metadata.

1396
00:59:36,060 --> 00:59:38,800
So it's like that and then ActivityPub or

1397
00:59:38,800 --> 00:59:42,200
the MetaBoost and I don't know, everyone's going

1398
00:59:42,200 --> 00:59:43,840
to just argue between the three of those.

1399
00:59:43,980 --> 00:59:46,360
And so I don't, I'm not really worried

1400
00:59:46,360 --> 00:59:46,460
about that.

1401
00:59:46,460 --> 00:59:48,540
I'm not really worried because that's not, yeah,

1402
00:59:48,620 --> 00:59:50,660
something I'm worried about.

1403
00:59:50,760 --> 00:59:53,160
But then Noster also adds Noster Wallet Connect

1404
00:59:54,700 --> 00:59:57,300
that I'm a huge fan of because that

1405
00:59:57,300 --> 01:00:00,840
adding just that.

1406
01:00:01,260 --> 01:00:03,000
Good tech, unfortunate name.

1407
01:00:03,580 --> 01:00:06,600
Yeah, but names don't matter, but.

1408
01:00:06,900 --> 01:00:09,880
Right, I'm just saying people immediately think it's

1409
01:00:09,880 --> 01:00:11,360
a, they need a relay and all that.

1410
01:00:11,360 --> 01:00:14,980
Yeah, but I don't know how heavy of

1411
01:00:14,980 --> 01:00:17,060
a load that is for apps to add.

1412
01:00:17,380 --> 01:00:19,320
None of them, like Franco's kind of played

1413
01:00:19,320 --> 01:00:23,340
around with it, but he doesn't really, just

1414
01:00:23,340 --> 01:00:25,420
from what I've seen him post, it kind

1415
01:00:25,420 --> 01:00:27,180
of sounds like it's like too heavy of

1416
01:00:27,180 --> 01:00:30,540
a load for him to add to Castamatic,

1417
01:00:31,300 --> 01:00:32,600
which it might be, I don't know.

1418
01:00:32,880 --> 01:00:38,200
But NWC like lets us use, I don't

1419
01:00:38,200 --> 01:00:40,880
know, maybe a dozen wallets and you just

1420
01:00:40,880 --> 01:00:44,000
kind of copy and paste a string in.

1421
01:00:44,480 --> 01:00:47,040
And if you lose that string, you just

1422
01:00:47,040 --> 01:00:47,980
burn it.

1423
01:00:48,540 --> 01:00:55,080
So it's like the metadata and Noster Wallet

1424
01:00:55,080 --> 01:00:57,500
Connect are like the two things from Noster

1425
01:00:57,500 --> 01:01:00,180
that I like.

1426
01:01:00,740 --> 01:01:04,020
But then again, Noster Wallet Connect, those wallets

1427
01:01:04,020 --> 01:01:04,900
don't do keysend.

1428
01:01:05,200 --> 01:01:09,320
So unless it's Albi, but I don't know.

1429
01:01:09,320 --> 01:01:13,800
But outside of, so if you want to

1430
01:01:13,800 --> 01:01:19,100
build something, I guess even the current apps,

1431
01:01:19,220 --> 01:01:20,480
like if you want to build a new

1432
01:01:20,480 --> 01:01:27,420
app as a Indy 5 coding dev, you

1433
01:01:27,420 --> 01:01:33,480
support Albi like we do now, NWC, or

1434
01:01:33,480 --> 01:01:36,140
you try this Breeze SDK that I've been

1435
01:01:36,140 --> 01:01:36,940
playing around with.

1436
01:01:37,780 --> 01:01:38,900
How do you like that?

1437
01:01:44,280 --> 01:01:49,760
It's actually pretty slick because it's similar to

1438
01:01:49,760 --> 01:01:54,200
how Breeze used to be, where the Breeze

1439
01:01:54,200 --> 01:01:59,820
wallet added podcasting to the app.

1440
01:02:00,020 --> 01:02:04,940
But with this Spark SDK, you can kind

1441
01:02:04,940 --> 01:02:06,220
of take that and you can flip it

1442
01:02:06,940 --> 01:02:10,500
where it's a podcasting app with the wallet

1443
01:02:10,500 --> 01:02:11,340
baked in.

1444
01:02:12,140 --> 01:02:12,420
Hmm.

1445
01:02:13,000 --> 01:02:19,020
So basically you just hit make wallet and

1446
01:02:19,020 --> 01:02:22,460
it just spits out 12 words and you

1447
01:02:22,460 --> 01:02:24,020
have it and you write those 12 words

1448
01:02:24,020 --> 01:02:24,380
down.

1449
01:02:24,520 --> 01:02:27,440
And if you lose them, you're screwed.

1450
01:02:28,180 --> 01:02:28,740
Right.

1451
01:02:29,480 --> 01:02:30,900
But so you spin that up.

1452
01:02:31,040 --> 01:02:32,040
But you don't need to manage liquidity or

1453
01:02:32,040 --> 01:02:32,280
anything?

1454
01:02:32,800 --> 01:02:37,400
No, that's all done through Breeze because you'll

1455
01:02:37,400 --> 01:02:39,780
connect it and it takes a couple seconds

1456
01:02:41,000 --> 01:02:42,420
and it connects there.

1457
01:02:42,860 --> 01:02:46,620
And then you top it up like you

1458
01:02:46,620 --> 01:02:47,540
always do now.

1459
01:02:48,700 --> 01:02:51,720
And I mean, it's almost just like how

1460
01:02:51,720 --> 01:02:54,440
Albi has always been.

1461
01:02:54,680 --> 01:02:58,340
But the only thing I- I think

1462
01:02:58,340 --> 01:03:00,360
what Dave is just going back to what

1463
01:03:00,360 --> 01:03:02,420
Dave said initially is if we just take

1464
01:03:02,420 --> 01:03:05,700
a stand and say, okay, here's what we're

1465
01:03:05,700 --> 01:03:08,600
doing to fix this since it's been several

1466
01:03:08,600 --> 01:03:13,380
years, five years, and no alternative currency has

1467
01:03:13,380 --> 01:03:17,900
been added into the system, I think we

1468
01:03:17,900 --> 01:03:20,360
just need to stop worrying about normies.

1469
01:03:24,160 --> 01:03:25,780
Yes, that's what I'm trying to say.

1470
01:03:25,880 --> 01:03:27,820
You know, just stop worrying about it because

1471
01:03:27,820 --> 01:03:30,580
normies will either become non-normies or they

1472
01:03:30,580 --> 01:03:31,000
won't.

1473
01:03:31,240 --> 01:03:35,840
And personally, I mean, I've onboarded a lot

1474
01:03:35,840 --> 01:03:38,880
of people into Bitcoin and they consider themselves

1475
01:03:38,880 --> 01:03:42,460
to be hodlers, but they still, and there's

1476
01:03:42,460 --> 01:03:43,440
always going to be trouble.

1477
01:03:43,580 --> 01:03:46,600
They have problems figuring it out, getting it

1478
01:03:46,600 --> 01:03:49,040
from strike into fountain, connecting.

1479
01:03:49,320 --> 01:03:50,540
I mean, you would just connecting.

1480
01:03:50,800 --> 01:03:52,740
I mean, this is just life.

1481
01:03:53,020 --> 01:03:54,080
That's just what it is.

1482
01:03:54,400 --> 01:03:55,380
Yeah, it's part of it.

1483
01:03:55,560 --> 01:03:58,420
And, you know, topping up and buying your

1484
01:03:58,420 --> 01:03:59,660
sats and all this stuff.

1485
01:03:59,980 --> 01:04:03,020
And as I've always said, it always comes

1486
01:04:03,020 --> 01:04:05,780
down to the podcasters explaining that to their

1487
01:04:05,780 --> 01:04:07,360
audience over and over again.

1488
01:04:07,440 --> 01:04:08,460
And people will do it.

1489
01:04:08,700 --> 01:04:10,300
They will try.

1490
01:04:10,540 --> 01:04:12,020
They will really try to do it.

1491
01:04:12,860 --> 01:04:16,940
There's just no frictionless world and just look

1492
01:04:16,940 --> 01:04:17,720
at what we're doing.

1493
01:04:17,880 --> 01:04:19,620
It's amazing any of this stuff works at

1494
01:04:19,620 --> 01:04:20,620
all in my mind.

1495
01:04:21,380 --> 01:04:24,020
It's crazy that this has been created and

1496
01:04:24,020 --> 01:04:24,460
it works.

1497
01:04:24,600 --> 01:04:27,920
And by the way, we got 10,000

1498
01:04:27,920 --> 01:04:30,560
from Castamatic who sent 10,000 sats, says,

1499
01:04:30,600 --> 01:04:31,500
you guys are crazy.

1500
01:04:31,500 --> 01:04:35,520
Hey, no metadata, it's no message, which as

1501
01:04:35,520 --> 01:04:37,320
you know, is a key aspect of the

1502
01:04:37,320 --> 01:04:39,240
value for value feedback loop, which is why

1503
01:04:39,240 --> 01:04:40,860
you're keeping key send at the moment.

1504
01:04:41,080 --> 01:04:43,000
For those of us that have been building

1505
01:04:43,000 --> 01:04:44,280
off this for the last couple of years,

1506
01:04:44,340 --> 01:04:46,120
the messages are absolutely vital.

1507
01:04:46,940 --> 01:04:49,680
Well, yes, the messages are important.

1508
01:04:50,460 --> 01:04:54,360
I assume that came from Franco himself.

1509
01:04:54,900 --> 01:04:57,960
Maybe, I know Franco, well, maybe.

1510
01:04:58,040 --> 01:04:58,380
I don't know.

1511
01:04:58,440 --> 01:04:59,400
Well, maybe, I don't know.

1512
01:05:00,360 --> 01:05:03,260
I just assume, because he said that before

1513
01:05:03,260 --> 01:05:07,840
on the Mastodon, so that's why I was

1514
01:05:07,840 --> 01:05:08,060
curious.

1515
01:05:08,680 --> 01:05:12,940
But he's right, but it's an order of

1516
01:05:12,940 --> 01:05:13,800
operations though.

1517
01:05:13,940 --> 01:05:16,040
I mean, like, it doesn't, yes, it's a

1518
01:05:16,040 --> 01:05:16,140
message.

1519
01:05:16,140 --> 01:05:18,220
It's not a reason to keep key send.

1520
01:05:18,860 --> 01:05:21,640
Well, right, the reason you do get rid

1521
01:05:21,640 --> 01:05:25,740
of key, the problem with switching, or the

1522
01:05:25,740 --> 01:05:28,000
reason that you switch from key send to

1523
01:05:28,000 --> 01:05:32,300
LN address is not primarily to get quote,

1524
01:05:32,320 --> 01:05:35,140
unquote, normies or things like that.

1525
01:05:35,260 --> 01:05:37,820
It's because the writing is on the wall.

1526
01:05:38,600 --> 01:05:42,120
Yeah, because key send is so sparsely supported

1527
01:05:42,120 --> 01:05:43,100
amongst wallets.

1528
01:05:44,260 --> 01:05:48,440
People who are Bitcoin people may not have

1529
01:05:48,440 --> 01:05:50,620
a wallet that supports key send, and they

1530
01:05:50,620 --> 01:05:51,940
want to interface with that.

1531
01:05:52,080 --> 01:05:54,700
And so there, you need to have that.

1532
01:05:55,580 --> 01:05:59,780
It's keeping even your own rabid fan base

1533
01:05:59,780 --> 01:06:04,520
in some instances from sending you money.

1534
01:06:04,740 --> 01:06:08,280
And going back to the Nostra wars of

1535
01:06:08,280 --> 01:06:12,640
the past, so far Nostra has not come

1536
01:06:12,640 --> 01:06:16,440
up with the promised alternative to value for

1537
01:06:16,440 --> 01:06:18,880
value podcasting, because of course they couldn't, we

1538
01:06:18,880 --> 01:06:19,380
knew that.

1539
01:06:20,140 --> 01:06:23,360
But we've also failed in making the payment

1540
01:06:23,360 --> 01:06:24,880
part easy for the Nostra people.

1541
01:06:25,100 --> 01:06:27,080
So, I mean, there's really your opportunity.

1542
01:06:28,100 --> 01:06:31,140
Yeah, well, okay, so assuming that was from

1543
01:06:31,140 --> 01:06:32,680
Franco, which I think it was.

1544
01:06:33,080 --> 01:06:34,600
It doesn't matter to me.

1545
01:06:35,120 --> 01:06:37,780
Well, but okay, I'm just, I've been kind

1546
01:06:37,780 --> 01:06:38,800
of working with him on stuff.

1547
01:06:38,880 --> 01:06:39,840
So he's kind of at the top of

1548
01:06:39,840 --> 01:06:46,240
my mind, but if he's building Castamatic, that's

1549
01:06:46,240 --> 01:06:46,940
his app.

1550
01:06:47,500 --> 01:06:50,160
If he wants to support key send, he

1551
01:06:50,160 --> 01:06:53,820
can keep Albie in Castamatic.

1552
01:06:54,820 --> 01:06:56,480
And as long as they support key send,

1553
01:06:57,740 --> 01:07:00,320
then like, what's, like, I don't see the

1554
01:07:00,320 --> 01:07:00,680
issue.

1555
01:07:01,120 --> 01:07:04,740
Because I mean, Albie just, Albie will pay

1556
01:07:04,740 --> 01:07:05,220
anything.

1557
01:07:05,740 --> 01:07:08,840
And if he, FAP devs want to support,

1558
01:07:10,140 --> 01:07:12,300
keep supporting Albie, then that's, I mean, that's

1559
01:07:12,300 --> 01:07:15,400
their, I don't know, I mean, it comes

1560
01:07:15,400 --> 01:07:17,120
down to what they want to do.

1561
01:07:17,800 --> 01:07:19,160
I mean, it really, it comes down to

1562
01:07:19,160 --> 01:07:19,540
what all of us want to do.

1563
01:07:19,540 --> 01:07:23,320
Like every app dev, podcaster.

1564
01:07:23,660 --> 01:07:24,960
Yeah, I'm going to be honest.

1565
01:07:25,160 --> 01:07:26,160
This is my life.

1566
01:07:26,240 --> 01:07:27,840
I live on value for value.

1567
01:07:28,040 --> 01:07:29,060
I live on it.

1568
01:07:29,220 --> 01:07:31,460
That's literally how I pay my mortgage, my

1569
01:07:31,460 --> 01:07:34,900
car, help my kids with their electricity bill.

1570
01:07:35,480 --> 01:07:36,680
I live on this.

1571
01:07:36,740 --> 01:07:38,340
I live and die by it.

1572
01:07:39,480 --> 01:07:42,360
And we still get PayPal's with no note.

1573
01:07:42,520 --> 01:07:43,260
And you know what they get?

1574
01:07:43,320 --> 01:07:44,180
A double up karma.

1575
01:07:44,980 --> 01:07:47,420
And, you know, and notes get lost and

1576
01:07:47,420 --> 01:07:49,040
it's a very convoluted system.

1577
01:07:49,780 --> 01:07:52,800
And it's not always perfect, but it's not

1578
01:07:52,800 --> 01:07:54,180
like the end of the world.

1579
01:07:55,400 --> 01:07:56,760
If I asked John C.

1580
01:07:56,820 --> 01:08:00,060
Dvorak, and it took me 10 years to

1581
01:08:00,060 --> 01:08:03,980
get him to even accept Bitcoin, 10, if

1582
01:08:03,980 --> 01:08:06,780
I asked him, how critical is the note?

1583
01:08:06,840 --> 01:08:08,480
He says, but I don't care at all.

1584
01:08:08,660 --> 01:08:09,600
Just want the money.

1585
01:08:11,140 --> 01:08:13,560
And, you know, so it's not the end

1586
01:08:13,560 --> 01:08:15,720
of the world and we will fix it.

1587
01:08:16,359 --> 01:08:18,640
But in the meantime, you know, in this

1588
01:08:18,640 --> 01:08:22,040
transition period, we have to keep the money

1589
01:08:22,040 --> 01:08:24,180
flowing and which has stopped, by the way,

1590
01:08:24,279 --> 01:08:28,740
the amount of sats coming into the podcast

1591
01:08:28,740 --> 01:08:31,140
index node is dropped significantly.

1592
01:08:32,200 --> 01:08:34,399
Just fallen off a cliff.

1593
01:08:34,500 --> 01:08:37,020
And I think it's multiple reasons why.

1594
01:08:39,340 --> 01:08:43,899
And going back to Dave's original point, I'm

1595
01:08:43,899 --> 01:08:46,979
using Bitcoin more and more as currency.

1596
01:08:49,700 --> 01:08:51,899
And there's so many different ways to use

1597
01:08:51,899 --> 01:08:52,779
it as currency.

1598
01:08:53,040 --> 01:08:55,500
And there's so many people who are, particularly

1599
01:08:55,500 --> 01:08:58,580
Chris at This Week in Bitcoin is continuously

1600
01:08:58,580 --> 01:09:00,899
coming up, you know, showing us new ways

1601
01:09:00,899 --> 01:09:03,540
of how without selling your Bitcoin, you can

1602
01:09:03,540 --> 01:09:06,560
transfer it to different places and you can

1603
01:09:06,560 --> 01:09:07,979
use fiat against it.

1604
01:09:08,260 --> 01:09:10,319
This is just the pioneering world that we

1605
01:09:10,319 --> 01:09:11,260
have to go through.

1606
01:09:12,100 --> 01:09:14,439
And we may wind up as, you know,

1607
01:09:14,479 --> 01:09:17,020
we come out of the apocalypse and everything

1608
01:09:17,020 --> 01:09:20,460
around us is in rubble and ash that

1609
01:09:20,460 --> 01:09:23,020
we may still be alive, you know, and

1610
01:09:23,020 --> 01:09:24,460
we'll be using this.

1611
01:09:24,540 --> 01:09:25,300
I don't know.

1612
01:09:25,560 --> 01:09:27,380
Sounds to me like 10 years is kind

1613
01:09:27,380 --> 01:09:29,600
of the timeframe when something has to blow

1614
01:09:29,600 --> 01:09:30,380
up with the dollar.

1615
01:09:30,740 --> 01:09:32,160
I don't think we have much more than

1616
01:09:32,160 --> 01:09:32,380
that.

1617
01:09:32,460 --> 01:09:35,120
Maybe that's why that 10 year AI thing

1618
01:09:35,120 --> 01:09:36,100
has been put in place.

1619
01:09:36,279 --> 01:09:39,660
No laws against AI, state laws.

1620
01:09:40,279 --> 01:09:43,200
So, you know, it's like, yeah, it's a

1621
01:09:43,200 --> 01:09:45,500
step back, but I'm sorry, it's not the

1622
01:09:45,500 --> 01:09:46,260
end of the world.

1623
01:09:46,340 --> 01:09:47,100
It's just not.

1624
01:09:48,160 --> 01:09:50,779
We're not gonna not...

1625
01:09:51,279 --> 01:09:57,220
To me, the metadata thing is very solvable.

1626
01:09:57,760 --> 01:09:59,420
But it's been two things that have been

1627
01:09:59,420 --> 01:10:00,180
holding us back.

1628
01:10:00,320 --> 01:10:03,520
One, a core group of very hardcore people

1629
01:10:03,520 --> 01:10:06,300
saying, if it's not sovereign, it's no good.

1630
01:10:06,740 --> 01:10:10,260
And that has driven away tons of musicians,

1631
01:10:10,660 --> 01:10:12,340
all kinds of people who just threw their

1632
01:10:12,340 --> 01:10:13,440
hands up in the air and went, I

1633
01:10:13,440 --> 01:10:14,620
can't do an Albi hub.

1634
01:10:15,020 --> 01:10:16,520
I don't feel like doing it.

1635
01:10:16,540 --> 01:10:17,360
It's too much work.

1636
01:10:17,620 --> 01:10:18,560
And they went away.

1637
01:10:19,480 --> 01:10:22,100
I think that ship has now sailed.

1638
01:10:22,200 --> 01:10:24,900
I think we're past that, particularly with the

1639
01:10:24,900 --> 01:10:27,780
strike just being so incredibly easy to convert

1640
01:10:27,780 --> 01:10:29,120
your Bitcoin back and forth.

1641
01:10:29,340 --> 01:10:31,160
And now we're at the metadata stage.

1642
01:10:31,360 --> 01:10:32,660
And I think we just have to do

1643
01:10:32,660 --> 01:10:33,320
the same thing.

1644
01:10:33,420 --> 01:10:34,260
We just gotta go.

1645
01:10:34,340 --> 01:10:35,200
We gotta move forward.

1646
01:10:35,840 --> 01:10:39,560
Well, yeah, Eric P.P. said metadata is

1647
01:10:39,560 --> 01:10:40,440
solvable in multiple ways.

1648
01:10:40,520 --> 01:10:43,960
Yeah, I think the metadata seems very solvable

1649
01:10:43,960 --> 01:10:44,460
to me.

1650
01:10:45,000 --> 01:10:47,720
But you have to figure out order of

1651
01:10:47,720 --> 01:10:50,580
operations when you have multiple things.

1652
01:10:50,720 --> 01:10:53,460
You have a switch from key send to

1653
01:10:53,460 --> 01:10:55,780
LN address, and then you have the fact

1654
01:10:55,780 --> 01:10:58,140
that LN address does not handle metadata very

1655
01:10:58,140 --> 01:10:58,480
well.

1656
01:10:59,160 --> 01:11:00,480
Here's a way to do it.

1657
01:11:00,480 --> 01:11:01,680
Solve one, then the other.

1658
01:11:02,640 --> 01:11:05,400
Here's a possible interim step that may help

1659
01:11:05,400 --> 01:11:05,780
people.

1660
01:11:06,760 --> 01:11:09,260
Because it's mainly people who are doing live

1661
01:11:09,260 --> 01:11:13,760
shows who will really miss the Boostergram aspect.

1662
01:11:14,040 --> 01:11:15,400
And I completely get it.

1663
01:11:16,320 --> 01:11:18,780
I think, and by the way, 90%

1664
01:11:18,780 --> 01:11:21,760
of those people use noagenda stream and the

1665
01:11:21,760 --> 01:11:25,840
void zero node.net IRC channels.

1666
01:11:25,980 --> 01:11:27,200
I'm convinced of it.

1667
01:11:27,880 --> 01:11:29,280
Those are the loudest people.

1668
01:11:30,620 --> 01:11:33,480
We can easily create a bot.

1669
01:11:33,480 --> 01:11:36,120
I'm looking at you, Cotton Gin, that will

1670
01:11:36,120 --> 01:11:40,860
take 1% split of an LN address

1671
01:11:40,860 --> 01:11:45,900
Boostergram and somehow convert that into an onscreen

1672
01:11:45,900 --> 01:11:47,960
message as an interim step.

1673
01:11:48,060 --> 01:11:49,900
So at least we have metadata coming through

1674
01:11:49,900 --> 01:11:50,880
for the live shows.

1675
01:11:51,180 --> 01:11:53,560
I think that's the main thing that people

1676
01:11:53,560 --> 01:11:54,060
want.

1677
01:11:55,140 --> 01:11:59,400
Yeah, well, a few of the NA-related

1678
01:11:59,400 --> 01:12:02,940
shows, I know bowl after bowl, Spencer has

1679
01:12:02,940 --> 01:12:05,660
a Boost bot right in the IRC that

1680
01:12:05,660 --> 01:12:07,360
some people use.

1681
01:12:08,220 --> 01:12:13,540
Yes, we need a dashboard, but we just

1682
01:12:13,540 --> 01:12:14,580
need to figure out where to pull that

1683
01:12:14,580 --> 01:12:14,840
from.

1684
01:12:14,840 --> 01:12:16,500
Well, this is what I'm saying.

1685
01:12:16,640 --> 01:12:19,180
If we create one bot, one IRC bot

1686
01:12:19,180 --> 01:12:22,620
that just does it, and you can put

1687
01:12:22,620 --> 01:12:25,200
that into your feed, even if you alone

1688
01:12:25,200 --> 01:12:28,980
are logged in and just looking at what

1689
01:12:28,980 --> 01:12:31,060
that Boost bot says, that's part of the

1690
01:12:31,060 --> 01:12:33,900
problem solved right there before we deploy a

1691
01:12:33,900 --> 01:12:36,100
new helipad or whatever else has to happen.

1692
01:12:36,260 --> 01:12:38,200
Just a bot, just a single bot.

1693
01:12:38,380 --> 01:12:42,980
I actually made something similar for Spencer since

1694
01:12:42,980 --> 01:12:46,180
his stuff posts to bowl after bowl.

1695
01:12:46,520 --> 01:12:48,740
I actually read the IRC and send those

1696
01:12:48,740 --> 01:12:49,880
messages out to Noster.

1697
01:12:50,580 --> 01:12:53,520
So that's kind of the same idea, but

1698
01:12:53,520 --> 01:12:58,400
we need those payment flows to be able

1699
01:12:58,400 --> 01:13:00,120
to tap into it, which I guess is

1700
01:13:00,120 --> 01:13:02,500
kind of my point and kind of what

1701
01:13:02,500 --> 01:13:04,680
Dave was saying about we need to...

1702
01:13:06,020 --> 01:13:09,920
There's so much to fix that we need

1703
01:13:09,920 --> 01:13:12,780
to kind of just pick something and just

1704
01:13:12,780 --> 01:13:14,680
start chipping away at it.

1705
01:13:14,800 --> 01:13:16,460
Right, so I think I'm with Dave.

1706
01:13:16,640 --> 01:13:20,900
Let's just pick payments first and work on

1707
01:13:20,900 --> 01:13:23,120
that, and the Fountain guys will change the

1708
01:13:23,120 --> 01:13:26,780
90% of wallet addresses in their feeds.

1709
01:13:26,920 --> 01:13:29,760
And we put out a list, like, hey,

1710
01:13:29,840 --> 01:13:30,840
you've got to switch.

1711
01:13:31,620 --> 01:13:33,080
I don't know any other way.

1712
01:13:33,860 --> 01:13:35,700
Yeah, let's fix the...

1713
01:13:35,700 --> 01:13:37,440
It's not like we're gonna lose millions of

1714
01:13:37,440 --> 01:13:38,480
dollars here, okay?

1715
01:13:38,740 --> 01:13:40,680
I mean, it's just not, it's just not.

1716
01:13:41,840 --> 01:13:43,040
Yeah, let's fix the...

1717
01:13:43,040 --> 01:13:45,880
Franco says angry Boost about metadata wasn't for

1718
01:13:45,880 --> 01:13:46,120
me.

1719
01:13:46,560 --> 01:13:47,840
Okay, there you go, good.

1720
01:13:48,000 --> 01:13:48,760
I stand corrected.

1721
01:13:49,080 --> 01:13:49,640
Sorry, Franco.

1722
01:13:50,430 --> 01:13:54,960
Let's fix the fact that a bunch of

1723
01:13:54,960 --> 01:13:57,340
wallets are not, a bunch of splits are

1724
01:13:57,340 --> 01:13:58,520
not working right now.

1725
01:13:58,620 --> 01:13:59,700
Let's fix that first.

1726
01:14:00,640 --> 01:14:02,820
So the money actually gets...

1727
01:14:02,820 --> 01:14:05,700
When somebody, there's nothing more disappointing, but now

1728
01:14:05,700 --> 01:14:09,880
on the podcaster side, for sure, it sucks

1729
01:14:09,880 --> 01:14:13,420
not getting those payments, but also it sucks

1730
01:14:13,420 --> 01:14:16,420
for the people sending it.

1731
01:14:16,420 --> 01:14:19,880
Like, CSB gets very angry when his splits

1732
01:14:19,880 --> 01:14:20,600
do not go through.

1733
01:14:21,500 --> 01:14:23,180
And I feel that, I feel that.

1734
01:14:23,340 --> 01:14:24,680
Like, I feel the...

1735
01:14:24,680 --> 01:14:26,640
If I try to send a payment to

1736
01:14:26,640 --> 01:14:29,180
somebody and it doesn't work, it's annoying.

1737
01:14:30,080 --> 01:14:30,920
Tell me about it.

1738
01:14:31,000 --> 01:14:34,220
I sent 100,000 sats this week in

1739
01:14:34,220 --> 01:14:37,960
Bitcoin from the CLI interface, because I know

1740
01:14:37,960 --> 01:14:39,400
that he's still doing keysend.

1741
01:14:39,900 --> 01:14:42,260
And no Boost was read, so I don't

1742
01:14:42,260 --> 01:14:43,040
think he got it.

1743
01:14:43,280 --> 01:14:44,440
But it left my wallet.

1744
01:14:44,440 --> 01:14:48,720
Although he does have two feeds in the

1745
01:14:48,720 --> 01:14:50,020
index.

1746
01:14:50,220 --> 01:14:53,120
I'm wondering if it went somewhere else.

1747
01:14:54,040 --> 01:14:54,900
But yeah, I felt very...

1748
01:14:54,900 --> 01:14:55,660
I was let down.

1749
01:14:56,480 --> 01:14:59,000
Yeah, you've already mentally decided, you've already mentally

1750
01:14:59,000 --> 01:15:00,120
parted with that money.

1751
01:15:00,780 --> 01:15:02,600
And then when it comes back to you,

1752
01:15:02,740 --> 01:15:04,500
you're like, oh, wait, I didn't want that.

1753
01:15:04,500 --> 01:15:05,020
Yeah, yeah.

1754
01:15:05,620 --> 01:15:09,280
And like, we're just gonna have a lot

1755
01:15:09,280 --> 01:15:11,580
more of that as we test stuff out,

1756
01:15:12,300 --> 01:15:12,660
honestly.

1757
01:15:12,660 --> 01:15:14,300
I mean, like a lot of us that

1758
01:15:14,300 --> 01:15:17,720
are kind of chipping away at stuff can...

1759
01:15:17,720 --> 01:15:21,860
We like doing that, but I mean, it's

1760
01:15:21,860 --> 01:15:22,620
gonna...

1761
01:15:22,620 --> 01:15:25,420
Stuff's gonna fail, but it's either...

1762
01:15:25,420 --> 01:15:27,180
We either leave it like it is or

1763
01:15:27,180 --> 01:15:28,880
we fix something.

1764
01:15:29,060 --> 01:15:31,120
All right, Dave Jones, PodSage, what's the plan

1765
01:15:31,120 --> 01:15:31,820
of attack here?

1766
01:15:31,960 --> 01:15:32,960
What's the plan of attack?

1767
01:15:33,020 --> 01:15:33,740
What are we gonna do?

1768
01:15:34,660 --> 01:15:36,500
I'm gonna start by dumping out all those

1769
01:15:36,500 --> 01:15:41,340
feeds and getting us a list that tells

1770
01:15:41,340 --> 01:15:44,640
where, top to like most to least, who's

1771
01:15:44,640 --> 01:15:45,920
hosting the most feeds.

1772
01:15:46,040 --> 01:15:48,900
And then we just kind of go through

1773
01:15:48,900 --> 01:15:54,240
and contact those people and get them, inform

1774
01:15:54,240 --> 01:15:56,320
them that they, if they don't know already,

1775
01:15:56,360 --> 01:16:00,060
that they need to transition all those receiving

1776
01:16:00,060 --> 01:16:03,240
addresses over to LNURL.

1777
01:16:03,340 --> 01:16:03,780
Yeah.

1778
01:16:04,160 --> 01:16:07,520
Yeah, and if most people are using...

1779
01:16:07,520 --> 01:16:09,600
I'm just assuming most people are using Fountain

1780
01:16:09,600 --> 01:16:11,200
Wallets anyhow.

1781
01:16:11,200 --> 01:16:13,760
So like that should be an easy...

1782
01:16:13,760 --> 01:16:16,580
Like switching it from the Fountain keysend info

1783
01:16:16,580 --> 01:16:20,480
just to the someone at Fountain.fm should

1784
01:16:20,480 --> 01:16:22,960
be easy, at least in my mind.

1785
01:16:24,240 --> 01:16:24,840
But...

1786
01:16:25,880 --> 01:16:28,220
Sam is gonna be affected by this.

1787
01:16:28,360 --> 01:16:29,480
I don't do...

1788
01:16:29,480 --> 01:16:31,480
Is TrueFans hosting any wallets?

1789
01:16:32,260 --> 01:16:34,780
Like podcaster wallets or are they just listener

1790
01:16:34,780 --> 01:16:35,220
wallets?

1791
01:16:35,560 --> 01:16:36,500
This I don't know.

1792
01:16:36,960 --> 01:16:39,740
I think they are, but not many probably.

1793
01:16:39,740 --> 01:16:40,340
I think they are too.

1794
01:16:40,340 --> 01:16:41,160
Not many probably.

1795
01:16:41,160 --> 01:16:41,480
Yeah, I believe so.

1796
01:16:42,440 --> 01:16:48,880
Yeah, if Sam's listening, just let me know

1797
01:16:48,880 --> 01:16:51,380
if y'all are hosting very many wallets.

1798
01:16:51,620 --> 01:16:53,540
And they may have already made this transition

1799
01:16:53,540 --> 01:16:57,560
because they're usually pretty quick to make changes

1800
01:16:57,560 --> 01:16:58,100
like this.

1801
01:16:58,200 --> 01:17:00,580
So I imagine that he's probably already moved

1802
01:17:00,580 --> 01:17:03,900
every anybody over to a LNURL wallet.

1803
01:17:04,740 --> 01:17:05,880
But I'll do that first.

1804
01:17:06,000 --> 01:17:07,720
I think that's just like...

1805
01:17:07,720 --> 01:17:10,420
I just can't think of 12 things at

1806
01:17:10,420 --> 01:17:11,160
the same time.

1807
01:17:11,380 --> 01:17:12,620
So I think that's just, we need to

1808
01:17:12,620 --> 01:17:13,380
start there.

1809
01:17:14,200 --> 01:17:17,840
And then once we get some sort of

1810
01:17:17,840 --> 01:17:22,820
traction on that and at least get acknowledgement

1811
01:17:22,820 --> 01:17:26,360
from everybody that they've got some awareness of

1812
01:17:26,360 --> 01:17:29,020
the issue and have something like a plan

1813
01:17:29,020 --> 01:17:32,840
to change it, at that point, then we

1814
01:17:32,840 --> 01:17:35,720
move on to like, okay, let's crack the

1815
01:17:35,720 --> 01:17:38,460
metadata issue because I actually think that's the

1816
01:17:38,460 --> 01:17:39,600
easier problem to solve.

1817
01:17:39,760 --> 01:17:40,880
Yeah, I agree on that.

1818
01:17:41,000 --> 01:17:45,300
Yeah, and if people don't, I mean, people

1819
01:17:45,300 --> 01:17:47,500
don't wanna change their feeds, then that's up

1820
01:17:47,500 --> 01:17:47,740
to them.

1821
01:17:47,880 --> 01:17:50,900
We went through this when Albie changed.

1822
01:17:51,140 --> 01:17:52,260
Like a lot of us, some of us

1823
01:17:52,260 --> 01:17:55,100
were hosting music and feeds for people.

1824
01:17:55,520 --> 01:17:56,740
And we had to go through and change

1825
01:17:56,740 --> 01:17:59,640
all of the old, Albie hosted wallets over

1826
01:17:59,640 --> 01:18:00,060
to Fountain.

1827
01:18:00,440 --> 01:18:02,060
And some of those people said, I don't

1828
01:18:02,060 --> 01:18:03,760
care, just shut it down.

1829
01:18:03,760 --> 01:18:06,440
And you keep the sats or we never

1830
01:18:06,440 --> 01:18:07,100
heard from them.

1831
01:18:07,240 --> 01:18:10,800
So we've got like, when Albie switched over

1832
01:18:10,800 --> 01:18:12,400
a year ago, we've got feeds that still

1833
01:18:12,400 --> 01:18:14,980
have those in it.

1834
01:18:15,320 --> 01:18:19,220
So, but yeah, I like the idea of

1835
01:18:19,220 --> 01:18:22,400
just like, we just need to know like

1836
01:18:22,400 --> 01:18:24,040
what's in the index.

1837
01:18:27,320 --> 01:18:31,080
And like from someone who's kind of like

1838
01:18:31,080 --> 01:18:32,260
trying to build demo apps.

1839
01:18:32,260 --> 01:18:34,660
Like if I have a list of feeds

1840
01:18:34,660 --> 01:18:38,100
that I know, like don't have keysend that

1841
01:18:38,100 --> 01:18:41,480
I can add to apps, that helps a

1842
01:18:41,480 --> 01:18:41,640
lot.

1843
01:18:42,640 --> 01:18:45,480
Okay, yeah, that should be a very quick

1844
01:18:45,480 --> 01:18:47,020
thing to do is export all that stuff

1845
01:18:47,020 --> 01:18:47,260
out.

1846
01:18:47,340 --> 01:18:48,840
And then we can, I'll just make it

1847
01:18:48,840 --> 01:18:49,160
available.

1848
01:18:49,260 --> 01:18:50,700
I mean, it's not, I mean, none of

1849
01:18:50,700 --> 01:18:51,080
it's private.

1850
01:18:51,180 --> 01:18:51,960
It's all in the feed anyway.

1851
01:18:52,120 --> 01:18:53,680
So I'll just publish it.

1852
01:18:53,740 --> 01:18:55,800
And then we can slice and dice it

1853
01:18:55,800 --> 01:18:56,660
and figure out what to do.

1854
01:18:56,700 --> 01:18:58,340
And there's gonna be some feeds that never

1855
01:18:58,340 --> 01:18:59,240
fix their stuff.

1856
01:18:59,980 --> 01:19:01,500
I mean, there's just gonna be, there's gonna

1857
01:19:01,500 --> 01:19:04,080
be stuff that's abandoned or people don't even

1858
01:19:04,080 --> 01:19:05,700
know that they put a wallet in there.

1859
01:19:05,840 --> 01:19:07,880
They don't know what they're doing and they'll

1860
01:19:07,880 --> 01:19:09,760
never fix it.

1861
01:19:09,840 --> 01:19:12,700
Somebody on PowerPress that stuck an Albi address

1862
01:19:12,700 --> 01:19:13,840
in there 10 years ago.

1863
01:19:14,040 --> 01:19:15,700
And then it's 20 years from now, it's

1864
01:19:15,700 --> 01:19:17,560
still gonna be have this weird address in

1865
01:19:17,560 --> 01:19:17,700
there.

1866
01:19:17,960 --> 01:19:20,260
Well, like we've seen that on the Albi

1867
01:19:20,260 --> 01:19:23,300
stuff because they've like, as they've switched off

1868
01:19:23,300 --> 01:19:27,020
stuff, people are like, hey, I had 100

1869
01:19:27,020 --> 01:19:29,160
,000 sats in here that I forgot about

1870
01:19:29,160 --> 01:19:29,820
for a year.

1871
01:19:30,340 --> 01:19:33,060
And now they're gone, but that's just, I

1872
01:19:33,060 --> 01:19:37,240
mean, that's just part of running with scissors.

1873
01:19:38,100 --> 01:19:40,160
Hey, Chad, have you actually been able to

1874
01:19:40,160 --> 01:19:42,860
send anything out of that Breeze Spark wallet

1875
01:19:42,860 --> 01:19:43,760
or only receive?

1876
01:19:44,520 --> 01:19:47,560
Oh yeah, I sent a bunch of test

1877
01:19:47,560 --> 01:19:49,660
ones to last week's episode.

1878
01:19:50,020 --> 01:19:51,820
No, cause I'm getting all kinds of errors

1879
01:19:51,820 --> 01:19:52,860
trying to get it out.

1880
01:19:53,580 --> 01:20:00,180
There was, I saw CSB post something earlier

1881
01:20:00,180 --> 01:20:03,800
that in fountain that episode, that year split

1882
01:20:03,800 --> 01:20:05,580
on that episode failed.

1883
01:20:05,760 --> 01:20:08,100
Well, no, I'm trying to get it out.

1884
01:20:08,260 --> 01:20:09,800
I'm trying to get, yeah.

1885
01:20:09,940 --> 01:20:12,440
So there's like 26,000 sats in there

1886
01:20:12,440 --> 01:20:13,600
and I want to send it to the

1887
01:20:13,600 --> 01:20:16,320
podcast index node and I keep getting the

1888
01:20:16,320 --> 01:20:19,560
payment failure, all kinds of crap.

1889
01:20:24,260 --> 01:20:28,120
I haven't really done much sending out, but

1890
01:20:28,120 --> 01:20:31,520
that doesn't, you're not doing a key send

1891
01:20:31,520 --> 01:20:32,120
payment, are you?

1892
01:20:32,260 --> 01:20:35,180
No, no, no, no, Ellen address.

1893
01:20:35,860 --> 01:20:38,140
Yeah, I don't, I've only been putting like

1894
01:20:38,140 --> 01:20:39,600
a thousand sats in at a time.

1895
01:20:40,620 --> 01:20:43,780
Yeah, I just let it sit and it's

1896
01:20:43,780 --> 01:20:46,880
not doing very well.

1897
01:20:47,520 --> 01:20:51,220
I'm also on the listener side, so I'm

1898
01:20:51,220 --> 01:20:53,580
like pumping sats in and not really pulling

1899
01:20:53,580 --> 01:20:54,720
them out from places.

1900
01:20:54,720 --> 01:20:55,160
Right.

1901
01:20:55,580 --> 01:20:59,580
So that's not really my area of expertise.

1902
01:20:59,820 --> 01:21:01,160
Well, so far failing.

1903
01:21:02,860 --> 01:21:06,000
But the sats are there and that's what's

1904
01:21:06,000 --> 01:21:06,320
important.

1905
01:21:06,580 --> 01:21:07,100
Yeah.

1906
01:21:08,440 --> 01:21:10,360
Yeah, got to call Roy.

1907
01:21:10,640 --> 01:21:12,700
Hey Roy, give me my sats man.

1908
01:21:13,420 --> 01:21:15,080
They're there unless you try to send to

1909
01:21:15,080 --> 01:21:17,880
Jupiter, then they just go somewhere else.

1910
01:21:18,560 --> 01:21:20,700
In my demo app, I'll add this episode

1911
01:21:21,300 --> 01:21:24,940
and you can boost it and I'll tell

1912
01:21:24,940 --> 01:21:26,120
you if all the sats made it to

1913
01:21:26,120 --> 01:21:26,860
my wallet or not.

1914
01:21:27,220 --> 01:21:29,880
Yeah, well, I mean, again, the problem is

1915
01:21:29,880 --> 01:21:32,040
getting them out of the Spark wallet.

1916
01:21:32,200 --> 01:21:32,960
That's the problem.

1917
01:21:33,780 --> 01:21:36,580
Just boost something, but yeah, we'll see that.

1918
01:21:37,120 --> 01:21:39,900
That's also a demo wallet.

1919
01:21:40,320 --> 01:21:43,760
So I don't know, but I mean, you've

1920
01:21:43,760 --> 01:21:45,340
got Roy's number, right?

1921
01:21:45,460 --> 01:21:46,020
Can't you just?

1922
01:21:46,240 --> 01:21:47,640
Yes, I do.

1923
01:21:48,280 --> 01:21:50,680
I don't want to bother him for 26

1924
01:21:50,680 --> 01:21:52,040
,000 sats, but yes.

1925
01:21:52,040 --> 01:21:57,280
There is a Telegram dev group for that

1926
01:21:57,280 --> 01:22:01,160
SDK that I've been in and he is

1927
01:22:01,160 --> 01:22:01,860
active in.

1928
01:22:02,960 --> 01:22:04,840
So, I mean, I don't know if you

1929
01:22:04,840 --> 01:22:06,220
guys reach out to him and say, hey,

1930
01:22:06,280 --> 01:22:06,400
we.

1931
01:22:06,500 --> 01:22:07,900
I'll find him, don't worry about it.

1932
01:22:08,160 --> 01:22:09,640
I was just noticing it was a problem.

1933
01:22:10,520 --> 01:22:11,020
Well, I mean just.

1934
01:22:11,120 --> 01:22:13,860
Roy has Telegram embedded directly into his brain.

1935
01:22:14,000 --> 01:22:14,640
I mean, never leave.

1936
01:22:14,640 --> 01:22:17,400
I mean, just like, just maybe tell him,

1937
01:22:17,520 --> 01:22:20,640
hey, we're thinking about maybe adding this and

1938
01:22:20,640 --> 01:22:21,340
see if he's.

1939
01:22:21,340 --> 01:22:23,200
I think he's checked out of the 2

1940
01:22:23,200 --> 01:22:25,200
.0 stuff from what I've seen.

1941
01:22:25,300 --> 01:22:26,200
Oh yeah, no, he's gone.

1942
01:22:26,300 --> 01:22:29,000
But I mean, maybe we can bring him

1943
01:22:29,000 --> 01:22:29,400
back in.

1944
01:22:29,440 --> 01:22:29,840
I don't know.

1945
01:22:30,500 --> 01:22:30,960
I doubt it.

1946
01:22:30,960 --> 01:22:33,600
I'm just a vibe coder, but so I

1947
01:22:33,600 --> 01:22:33,960
don't really.

1948
01:22:34,020 --> 01:22:34,760
I'm with you, brother.

1949
01:22:34,940 --> 01:22:35,980
I'm just a vibe coder.

1950
01:22:36,120 --> 01:22:37,380
That's a t-shirt right there.

1951
01:22:37,640 --> 01:22:38,780
Just a vibe coder, man.

1952
01:22:38,940 --> 01:22:40,200
Don't ask me any questions.

1953
01:22:40,500 --> 01:22:42,120
That Telegram group's way over my head.

1954
01:22:43,940 --> 01:22:46,120
But Roy's got bigger fish to fry and

1955
01:22:46,120 --> 01:22:48,040
I don't blame him.

1956
01:22:48,240 --> 01:22:48,920
Yeah, exactly.

1957
01:22:49,620 --> 01:22:54,040
Yeah, so yeah, I'll do that.

1958
01:22:54,380 --> 01:22:57,380
And then maybe Chris Fisher can tell us

1959
01:22:57,380 --> 01:22:58,340
why he has two feeds.

1960
01:22:59,700 --> 01:23:01,300
Yeah, let me see.

1961
01:23:01,880 --> 01:23:04,780
Cause I took the one that, let me

1962
01:23:04,780 --> 01:23:05,120
see.

1963
01:23:05,720 --> 01:23:07,180
Did he have, yeah, I think he does

1964
01:23:07,180 --> 01:23:07,560
have two.

1965
01:23:07,660 --> 01:23:07,980
I think I remember.

1966
01:23:08,400 --> 01:23:10,900
Yeah, he's got a fountain feed and a

1967
01:23:10,900 --> 01:23:11,580
Jupiter feed.

1968
01:23:12,260 --> 01:23:12,780
Unacceptable.

1969
01:23:13,300 --> 01:23:13,560
Yeah.

1970
01:23:14,020 --> 01:23:14,500
Unacceptable.

1971
01:23:15,040 --> 01:23:17,580
See, I don't remember which one I sent

1972
01:23:17,580 --> 01:23:18,320
it to.

1973
01:23:18,320 --> 01:23:20,580
I mean, see, that's his problem, having two

1974
01:23:20,580 --> 01:23:21,420
feeds in the index.

1975
01:23:22,040 --> 01:23:22,260
Yeah.

1976
01:23:22,860 --> 01:23:23,860
I mean, if you search it.

1977
01:23:24,300 --> 01:23:26,640
Maybe if they have the same value splits,

1978
01:23:26,780 --> 01:23:27,380
then they should.

1979
01:23:27,460 --> 01:23:27,960
Yeah, they do.

1980
01:23:28,180 --> 01:23:30,520
They have the exact same value split, which

1981
01:23:30,520 --> 01:23:32,100
is what's odd.

1982
01:23:32,100 --> 01:23:33,420
I mean, if you search a show and

1983
01:23:33,420 --> 01:23:35,880
you accidentally boost the wrong one, I mean,

1984
01:23:35,920 --> 01:23:38,340
that's not, I don't know.

1985
01:23:38,540 --> 01:23:41,320
That's his problem, but I don't know.

1986
01:23:41,400 --> 01:23:43,740
We just, I'm just trying to rally some

1987
01:23:43,740 --> 01:23:44,060
people.

1988
01:23:44,800 --> 01:23:45,580
I'm excited.

1989
01:23:45,580 --> 01:23:48,200
I'm excited I see options, but I'm also

1990
01:23:48,200 --> 01:23:49,700
stuck in the way we do things now

1991
01:23:49,700 --> 01:23:51,080
because it works for me.

1992
01:23:51,900 --> 01:23:52,980
But I'm willing to.

1993
01:23:53,060 --> 01:23:53,960
That's how you decay.

1994
01:23:54,400 --> 01:23:57,760
Yep, that's how things eventually fall off a

1995
01:23:57,760 --> 01:23:58,000
cliff.

1996
01:23:58,340 --> 01:24:01,300
Yeah, well, I'm taking my Node and Albi

1997
01:24:01,300 --> 01:24:04,760
Hub to the grave with me, but I'm

1998
01:24:04,760 --> 01:24:07,120
willing to fix this along the way.

1999
01:24:08,720 --> 01:24:11,700
But I mean, the Node with Albi Hub,

2000
01:24:11,800 --> 01:24:13,260
it's just so solid.

2001
01:24:13,260 --> 01:24:17,700
Yeah, so it's so solid, but it requires

2002
01:24:17,700 --> 01:24:20,420
extra steps, and I understand that, but yeah.

2003
01:24:21,260 --> 01:24:22,020
It's okay.

2004
01:24:22,360 --> 01:24:25,300
No, but I mean, again, to this day,

2005
01:24:25,680 --> 01:24:29,020
Bitcoin, it's the only thing that's in the

2006
01:24:29,020 --> 01:24:29,560
value block.

2007
01:24:30,080 --> 01:24:31,860
Nobody else has anything in it.

2008
01:24:31,940 --> 01:24:34,100
So Dave, is this also your way of

2009
01:24:34,100 --> 01:24:36,700
saying we should stack SATs to save our

2010
01:24:36,700 --> 01:24:37,100
skin?

2011
01:24:38,460 --> 01:24:39,020
SSSS?

2012
01:24:40,260 --> 01:24:40,740
SSSS?

2013
01:24:41,240 --> 01:24:43,440
I wouldn't, that's not a thing I would

2014
01:24:43,440 --> 01:24:46,860
say, but yeah, I don't disagree with the

2015
01:24:46,860 --> 01:24:47,140
sentiment.

2016
01:24:47,540 --> 01:24:50,560
Yeah, well, Tina and I have definitely been

2017
01:24:50,560 --> 01:24:50,980
doing it.

2018
01:24:51,280 --> 01:24:52,240
We're all in.

2019
01:24:52,480 --> 01:24:54,980
We're all in, like, yeah, this feels good.

2020
01:24:55,100 --> 01:24:55,600
It's good.

2021
01:24:56,680 --> 01:24:56,960
Yeah.

2022
01:24:57,360 --> 01:25:00,880
And again, we use it, if we go

2023
01:25:00,880 --> 01:25:05,980
out for dinner with friends, we'll settle the

2024
01:25:05,980 --> 01:25:08,800
bill in SATs just for fun, but it's

2025
01:25:08,800 --> 01:25:09,960
still, he's doing it.

2026
01:25:11,640 --> 01:25:13,400
Now, and then I'll say- I've got

2027
01:25:13,400 --> 01:25:17,280
a buddy that does, he does all of

2028
01:25:17,280 --> 01:25:20,680
the new, like, fancy Bitcoin stuff.

2029
01:25:20,960 --> 01:25:22,660
Like, he's got a fold card.

2030
01:25:22,920 --> 01:25:23,640
He does- Yeah.

2031
01:25:24,680 --> 01:25:28,660
He does, like, Bitcoin-backed collateral loans.

2032
01:25:28,960 --> 01:25:29,300
Yeah.

2033
01:25:29,580 --> 01:25:32,080
Like, he's doing all of that stuff, and

2034
01:25:32,080 --> 01:25:37,060
like, you know, I don't really, I don't

2035
01:25:37,060 --> 01:25:37,460
know.

2036
01:25:37,460 --> 01:25:38,520
I don't go that far.

2037
01:25:38,620 --> 01:25:39,820
I don't get into it, but it all

2038
01:25:39,820 --> 01:25:40,220
works.

2039
01:25:40,360 --> 01:25:41,660
I mean, like, he's doing it all the

2040
01:25:41,660 --> 01:25:42,080
time.

2041
01:25:42,220 --> 01:25:42,860
Yeah, it does.

2042
01:25:44,080 --> 01:25:48,680
You know, and like, once you have a

2043
01:25:48,680 --> 01:25:53,780
significant, not significant, but like, once you have

2044
01:25:53,780 --> 01:25:57,840
some holdings, you can, the way things are

2045
01:25:57,840 --> 01:26:01,400
evolving now, you can really leverage that stuff

2046
01:26:01,400 --> 01:26:02,820
to do some crazy things.

2047
01:26:02,960 --> 01:26:03,220
Yeah.

2048
01:26:04,140 --> 01:26:07,720
And, you know, he's into all that kind

2049
01:26:07,720 --> 01:26:10,540
of stuff, and it's pretty impressive, honestly, because

2050
01:26:10,540 --> 01:26:14,760
you have a, what you have is a

2051
01:26:14,760 --> 01:26:17,740
thing that the dollars just are hard to

2052
01:26:17,740 --> 01:26:18,020
rep.

2053
01:26:18,720 --> 01:26:20,360
It's hard to mimic with dollars.

2054
01:26:20,860 --> 01:26:25,260
You have like a, you have an appreciating

2055
01:26:25,260 --> 01:26:28,380
asset, which the dollar is just not.

2056
01:26:29,140 --> 01:26:30,880
And so you can, like, if you take

2057
01:26:30,880 --> 01:26:32,940
out, like, a Bitcoin loan or something like,

2058
01:26:32,940 --> 01:26:37,920
Bitcoin-backed loan, you get, you have a

2059
01:26:37,920 --> 01:26:42,180
built, you're appreciating in value most of the

2060
01:26:42,180 --> 01:26:44,820
time against the loan.

2061
01:26:45,080 --> 01:26:46,580
And so when you get to like a

2062
01:26:46,580 --> 01:26:49,660
certain level where it's like the value of

2063
01:26:49,660 --> 01:26:54,620
your Bitcoin that you've put down as collateral,

2064
01:26:55,060 --> 01:26:57,760
the value of that number of sats to

2065
01:26:57,760 --> 01:27:00,380
the value of the loan principle, it'll just

2066
01:27:00,380 --> 01:27:03,900
sort of like reallocate itself and, you know,

2067
01:27:04,460 --> 01:27:09,160
it's because you're actually gaining against your loan

2068
01:27:09,160 --> 01:27:09,740
in dollars.

2069
01:27:09,980 --> 01:27:10,100
Yeah.

2070
01:27:11,060 --> 01:27:12,860
Which is, we're just not, it's kind of

2071
01:27:12,860 --> 01:27:14,840
like a brain- Twister, yeah.

2072
01:27:15,020 --> 01:27:15,740
Scramble, yeah.

2073
01:27:15,980 --> 01:27:17,720
That is not what we're used to.

2074
01:27:17,800 --> 01:27:21,500
We're used to a constantly depreciating currency, and

2075
01:27:21,500 --> 01:27:23,540
it's so hard to get your, so sort

2076
01:27:23,540 --> 01:27:24,920
of like readjust to this thing.

2077
01:27:25,020 --> 01:27:26,540
You're like, oh, you're saying I could take

2078
01:27:26,540 --> 01:27:28,740
out a loan in a certain amount of

2079
01:27:28,740 --> 01:27:28,960
months?

2080
01:27:29,020 --> 01:27:30,600
It may just pay itself off?

2081
01:27:31,160 --> 01:27:33,720
Like, I don't, that doesn't compute.

2082
01:27:34,040 --> 01:27:34,140
Yeah.

2083
01:27:34,220 --> 01:27:36,100
And so, but once you kind of like

2084
01:27:36,100 --> 01:27:40,680
learn how to use that whole strategy, like

2085
01:27:40,680 --> 01:27:42,340
you can do some pretty wild stuff.

2086
01:27:42,440 --> 01:27:43,780
And so I don't know, I just think

2087
01:27:43,780 --> 01:27:50,460
we're, I'm not afraid to just say, well,

2088
01:27:50,580 --> 01:27:52,500
you know, these are the people that are

2089
01:27:52,500 --> 01:27:53,020
using it.

2090
01:27:53,120 --> 01:27:57,080
This is the thing that seems to be,

2091
01:27:58,660 --> 01:28:03,840
have emerged as a real asset that we

2092
01:28:03,840 --> 01:28:05,880
can do things with.

2093
01:28:06,540 --> 01:28:08,320
And that's enough for me.

2094
01:28:08,480 --> 01:28:09,420
I mean, I'm not, I'm just- We

2095
01:28:09,420 --> 01:28:11,440
still buy our beef in Bitcoin.

2096
01:28:12,380 --> 01:28:13,580
Yeah, yeah.

2097
01:28:13,720 --> 01:28:15,760
I mean, like- That's a basic necessity

2098
01:28:15,760 --> 01:28:16,440
right there.

2099
01:28:17,620 --> 01:28:17,900
Yeah.

2100
01:28:18,620 --> 01:28:23,420
And if I'm wrong, and it's all just

2101
01:28:23,420 --> 01:28:28,820
a huge global scam that, that the hood's

2102
01:28:28,820 --> 01:28:30,600
been pulled over my eyes, maybe, you know,

2103
01:28:30,660 --> 01:28:32,180
then it's just on me, I guess.

2104
01:28:32,460 --> 01:28:34,540
Well, let's thank some people for joining in

2105
01:28:34,540 --> 01:28:36,640
on the scam with some Boostergrams.

2106
01:28:36,660 --> 01:28:37,440
We appreciate it.

2107
01:28:39,860 --> 01:28:42,340
Bullysteed, one, two, three, four sats.

2108
01:28:42,640 --> 01:28:44,460
Chad F, CEO of the free and open

2109
01:28:44,460 --> 01:28:46,580
internet, AKA VibeCoder.

2110
01:28:47,640 --> 01:28:47,820
Yes.

2111
01:28:49,340 --> 01:28:52,700
There's Franco with his Angry Boost metadata.

2112
01:28:52,940 --> 01:28:53,640
It wasn't about me.

2113
01:28:53,640 --> 01:28:56,900
I read the 10,000 sats, Angry Boost.

2114
01:28:57,700 --> 01:29:00,680
Salty Cray on Howdy Boardroom, 4577.

2115
01:29:01,020 --> 01:29:02,040
Happy White Paper Day.

2116
01:29:02,140 --> 01:29:02,600
Ah, yes.

2117
01:29:02,880 --> 01:29:05,100
Here's my end of month dono in sats

2118
01:29:05,100 --> 01:29:05,580
conversion.

2119
01:29:05,840 --> 01:29:07,580
Five, $5 to five.

2120
01:29:07,720 --> 01:29:08,660
Go podcasting.

2121
01:29:08,760 --> 01:29:09,240
Thank you, brother.

2122
01:29:11,680 --> 01:29:12,840
7777 from Mike Newman.

2123
01:29:13,400 --> 01:29:15,140
I love it when the pod stage goes

2124
01:29:15,140 --> 01:29:17,080
meta with a report from Reelville.

2125
01:29:17,640 --> 01:29:20,400
Hearing similar on This Week in Bitcoin and

2126
01:29:20,400 --> 01:29:22,360
read it years ago on the Thank God

2127
01:29:22,360 --> 01:29:23,120
for Bitcoin book.

2128
01:29:23,120 --> 01:29:26,140
Don't reject BTC, but add others and relook

2129
01:29:26,140 --> 01:29:29,500
at a Gates proposal from a few years

2130
01:29:29,500 --> 01:29:29,720
ago.

2131
01:29:29,860 --> 01:29:30,340
Steady on.

2132
01:29:30,440 --> 01:29:31,720
Yes, absolutely.

2133
01:29:32,500 --> 01:29:32,680
Yep.

2134
01:29:33,240 --> 01:29:34,520
6900 from Franco.

2135
01:29:34,680 --> 01:29:36,060
Life boost is love boost.

2136
01:29:36,500 --> 01:29:37,140
Yeah, I agree.

2137
01:29:38,000 --> 01:29:40,320
And with that, I hit the delimiter.

2138
01:29:41,660 --> 01:29:43,760
Guess, let's see what we got.

2139
01:29:44,040 --> 01:29:48,040
We got some one-offs here, which is

2140
01:29:48,040 --> 01:29:48,600
nice to see.

2141
01:29:48,700 --> 01:29:50,600
We got, these are PayPal's.

2142
01:29:50,600 --> 01:29:53,900
We got $10 from Jeffrey Hallam.

2143
01:29:54,040 --> 01:29:54,660
Thank you, Jeffrey.

2144
01:29:54,680 --> 01:29:55,180
Jeffrey Hallam.

2145
01:29:55,240 --> 01:29:55,720
Thank you, Jeffrey.

2146
01:29:58,200 --> 01:30:02,040
We got, who's this?

2147
01:30:02,220 --> 01:30:05,420
Oh, this is Bronze Oxen Films, LLC.

2148
01:30:05,780 --> 01:30:06,500
Sent us $25.

2149
01:30:07,040 --> 01:30:07,660
Well, thank you.

2150
01:30:07,840 --> 01:30:09,260
Do you know Bronze Oxen Films?

2151
01:30:09,280 --> 01:30:09,940
I have never.

2152
01:30:10,100 --> 01:30:12,440
In fact, I think we need a defragmenting.

2153
01:30:13,140 --> 01:30:14,620
You've been defragmented.

2154
01:30:15,360 --> 01:30:16,760
Thank you for participating.

2155
01:30:18,760 --> 01:30:20,120
Oh, Adam and Dave.

2156
01:30:20,120 --> 01:30:21,980
Thank you for all your work to keep

2157
01:30:21,980 --> 01:30:23,120
speech free and open.

2158
01:30:23,240 --> 01:30:25,280
Your efforts have enabled many years of fruitful

2159
01:30:25,280 --> 01:30:29,060
ministry at the Schoolhouse Rocked podcast and the

2160
01:30:29,060 --> 01:30:30,540
Biblical Family Network.

2161
01:30:30,720 --> 01:30:34,300
Go podcasting, Sir Thinking Dad, guardian of the

2162
01:30:34,300 --> 01:30:35,360
home educators.

2163
01:30:35,680 --> 01:30:36,700
Yes, very nice.

2164
01:30:37,600 --> 01:30:38,680
Homeschoolers unite.

2165
01:30:40,000 --> 01:30:41,600
Yep, we homeschooled our oldest too.

2166
01:30:43,200 --> 01:30:44,960
And she's no longer on drugs.

2167
01:30:45,000 --> 01:30:45,440
It's great.

2168
01:30:48,020 --> 01:30:50,640
Let's see, three, oh, this is a big

2169
01:30:50,640 --> 01:30:50,740
one.

2170
01:30:51,700 --> 01:30:52,100
$330.

2171
01:30:52,880 --> 01:30:53,280
Whoa.

2172
01:30:54,060 --> 01:30:57,440
Paula, shot caller, 20 inch blades on the

2173
01:30:57,440 --> 01:30:58,100
Impala.

2174
01:30:59,340 --> 01:31:02,300
That's from David McAnally and the message just

2175
01:31:02,300 --> 01:31:03,100
says V for V.

2176
01:31:03,300 --> 01:31:04,760
Oh, V for V back at you, brother.

2177
01:31:04,860 --> 01:31:05,220
Thank you.

2178
01:31:05,400 --> 01:31:06,200
V for V.

2179
01:31:06,360 --> 01:31:07,560
V for V, love it.

2180
01:31:07,700 --> 01:31:09,320
Thank you, that really makes a difference.

2181
01:31:09,560 --> 01:31:11,120
Everything makes a difference, to be honest.

2182
01:31:11,740 --> 01:31:12,840
Man, that's, I don't know.

2183
01:31:13,060 --> 01:31:14,900
I don't think David McAnally's ever said anything.

2184
01:31:14,900 --> 01:31:16,160
He may want to defragment me too.

2185
01:31:16,180 --> 01:31:17,660
You've been defragmented.

2186
01:31:19,160 --> 01:31:20,000
Thank you, David.

2187
01:31:20,080 --> 01:31:21,020
Really appreciate that.

2188
01:31:21,140 --> 01:31:23,360
I hope, I'd love to know what you're

2189
01:31:23,360 --> 01:31:25,380
doing with it, with the index.

2190
01:31:27,660 --> 01:31:30,440
Oh, $777 from the boys at rss.com.

2191
01:31:30,720 --> 01:31:30,820
Bang.

2192
01:31:31,400 --> 01:31:34,680
Paula, shot caller, 20 inch blades on the

2193
01:31:34,680 --> 01:31:35,340
Impala.

2194
01:31:35,640 --> 01:31:36,400
Thank you, boys.

2195
01:31:36,620 --> 01:31:38,660
That is, and girls, that is very much

2196
01:31:38,660 --> 01:31:39,220
appreciated.

2197
01:31:39,440 --> 01:31:41,860
Wow, keeping us going yet another month.

2198
01:31:42,040 --> 01:31:42,400
Love it.

2199
01:31:42,400 --> 01:31:45,320
Yeah, Ben says, to the best open source

2200
01:31:45,320 --> 01:31:45,740
project.

2201
01:31:45,880 --> 01:31:49,800
Thanks, Dave and Adam, for keeping podcasting, for

2202
01:31:49,800 --> 01:31:52,340
keeping podcasting human, creative, and independent.

2203
01:31:52,500 --> 01:31:54,160
To the team at rss.com.

2204
01:31:54,240 --> 01:31:54,640
Thank you, team.

2205
01:31:54,740 --> 01:31:55,620
Thank you very much.

2206
01:31:55,940 --> 01:31:56,580
Yeah, team.

2207
01:31:56,860 --> 01:31:57,540
Thanks, team.

2208
01:31:58,200 --> 01:31:59,040
Go team.

2209
01:32:00,520 --> 01:32:01,820
Let's see, what else we got?

2210
01:32:02,240 --> 01:32:03,400
We got some booster grams.

2211
01:32:05,320 --> 01:32:06,580
Let's see, ugly quacking duck.

2212
01:32:06,640 --> 01:32:09,040
That's Bruce, 2222 through podcast guru.

2213
01:32:09,680 --> 01:32:11,260
He says, keep going, Adam and Dave.

2214
01:32:11,260 --> 01:32:12,180
We appreciate what you do.

2215
01:32:12,180 --> 01:32:15,160
73s from Southern Illinois, wet and cooler here.

2216
01:32:15,400 --> 01:32:18,240
Yo, 73s, kilo five, alpha, Charlie, Charlie.

2217
01:32:19,760 --> 01:32:22,300
Let's see, oh, Franco, speak of the devil.

2218
01:32:22,460 --> 01:32:24,480
Franco, 10,000 sats through Castamatic.

2219
01:32:24,600 --> 01:32:26,420
He says, I'd love to hear your thoughts

2220
01:32:26,420 --> 01:32:28,440
on streaming sats versus boosts.

2221
01:32:29,000 --> 01:32:31,540
Doesn't thinking boosters by name on the show

2222
01:32:31,940 --> 01:32:35,160
while not mentioning streamers risk discouraging listeners from

2223
01:32:35,160 --> 01:32:35,580
streaming?

2224
01:32:36,060 --> 01:32:38,020
In my show, I think both, and I'm

2225
01:32:38,020 --> 01:32:40,440
seeing roughly 80% of sats coming from

2226
01:32:40,440 --> 01:32:43,880
streaming and about 20% from boosts.

2227
01:32:43,920 --> 01:32:45,480
What's your experience and take on this?

2228
01:32:49,200 --> 01:32:52,420
Well, that's a good question.

2229
01:32:55,460 --> 01:32:57,180
I don't have an answer.

2230
01:32:57,720 --> 01:33:00,380
I don't think we've ever thanked streamers separately.

2231
01:33:00,580 --> 01:33:03,820
I know Chris does, which I always appreciate.

2232
01:33:05,880 --> 01:33:08,320
And he does get a good amount from

2233
01:33:08,320 --> 01:33:08,840
streaming.

2234
01:33:09,900 --> 01:33:10,560
Obviously- He thinks of them as a

2235
01:33:10,560 --> 01:33:11,380
group though, right?

2236
01:33:11,380 --> 01:33:14,000
Doesn't he say thank you for all the

2237
01:33:14,000 --> 01:33:14,960
streamers and give a total?

2238
01:33:15,040 --> 01:33:17,280
Yeah, he does, you're right, you're right.

2239
01:33:17,400 --> 01:33:20,200
Yeah, I think Chris just adds all of

2240
01:33:20,200 --> 01:33:22,540
yours together because I've sent a couple of

2241
01:33:22,540 --> 01:33:25,120
small boosts and it's just like, he'll just

2242
01:33:25,120 --> 01:33:30,040
add 10 boosts together in the streams, which

2243
01:33:30,040 --> 01:33:30,940
is one way of doing it.

2244
01:33:30,980 --> 01:33:33,400
So the answer is, yes, of course we

2245
01:33:33,400 --> 01:33:33,980
want names.

2246
01:33:34,040 --> 01:33:35,100
Of course we want metadata.

2247
01:33:35,620 --> 01:33:36,900
We have to go through, we got to

2248
01:33:36,900 --> 01:33:38,060
go through the wall of pain.

2249
01:33:39,260 --> 01:33:40,360
I don't think it'll take too long.

2250
01:33:40,360 --> 01:33:40,700
Wall of pain.

2251
01:33:41,320 --> 01:33:42,860
No metadata for a bit.

2252
01:33:42,880 --> 01:33:43,500
Wall of pain.

2253
01:33:43,680 --> 01:33:44,520
Yeah, the wall of pain.

2254
01:33:44,540 --> 01:33:46,660
But you could do, you could accumulate, you

2255
01:33:46,660 --> 01:33:49,000
could like, you could get those numbers from

2256
01:33:49,000 --> 01:33:49,720
Helipad, right?

2257
01:33:50,420 --> 01:33:50,740
Yes.

2258
01:33:50,740 --> 01:33:51,720
You could dump all that out.

2259
01:33:52,320 --> 01:33:54,300
Yeah, yeah, you could dump it out, yeah.

2260
01:33:54,680 --> 01:33:57,640
Yeah, but Helipad requires running a node.

2261
01:33:57,980 --> 01:33:58,380
Yep.

2262
01:33:59,540 --> 01:34:01,640
Which is kind of what we're trying to

2263
01:34:01,640 --> 01:34:02,180
get away from.

2264
01:34:02,780 --> 01:34:05,380
I guess, I guess Franco's running a node.

2265
01:34:05,700 --> 01:34:07,500
Just saying, I think he has AlbiHub in

2266
01:34:07,500 --> 01:34:07,900
the cloud.

2267
01:34:08,880 --> 01:34:09,200
He has.

2268
01:34:09,200 --> 01:34:12,880
He mentioned he has some kind of, something

2269
01:34:12,880 --> 01:34:13,660
with the API.

2270
01:34:13,960 --> 01:34:14,820
He's pulling it out.

2271
01:34:15,580 --> 01:34:18,000
Oh, he's doing a, he's doing a custom

2272
01:34:18,000 --> 01:34:18,440
job.

2273
01:34:18,680 --> 01:34:19,140
I got you.

2274
01:34:19,320 --> 01:34:21,260
Yeah, he's, you know, he's a doctor.

2275
01:34:21,400 --> 01:34:23,320
He's in there fixing it.

2276
01:34:23,560 --> 01:34:26,580
He's got his scalpel, his tweezers, gauze.

2277
01:34:26,580 --> 01:34:28,480
Yeah, he's just, he has a little mirror

2278
01:34:28,480 --> 01:34:28,600
on his head.

2279
01:34:28,600 --> 01:34:30,800
Of all people to be afraid of a

2280
01:34:30,800 --> 01:34:32,680
little blood in the water, come on, Franco,

2281
01:34:32,820 --> 01:34:33,600
we're going to be okay.

2282
01:34:33,840 --> 01:34:35,080
We're going to be okay, brother.

2283
01:34:35,280 --> 01:34:35,940
We're going to be okay.

2284
01:34:37,160 --> 01:34:37,880
Let's see.

2285
01:34:38,040 --> 01:34:39,000
Oh, CometStreetBlogger.

2286
01:34:39,660 --> 01:34:40,060
Did a limiter.

2287
01:34:40,380 --> 01:34:43,340
14.015 sats through fountain.

2288
01:34:43,940 --> 01:34:46,360
And CSB says, howdy, Dave and Adam.

2289
01:34:46,940 --> 01:34:48,920
Today, I want to recommend a podcast called

2290
01:34:48,920 --> 01:34:52,940
Happy to Help from the link happytohelp.buzzsprout

2291
01:34:52,940 --> 01:34:53,620
.com.

2292
01:34:54,160 --> 01:34:57,100
Quote, Happy to Help is a podcast about

2293
01:34:57,100 --> 01:34:59,960
all things customer support, brought to you by

2294
01:34:59,960 --> 01:35:01,040
the people at Buzzsprout.

2295
01:35:01,540 --> 01:35:03,660
Join us on the second Tuesday of every

2296
01:35:03,660 --> 01:35:06,800
month as Buzzsprout's head of podcaster success, Priscilla

2297
01:35:06,800 --> 01:35:09,620
Brooke, dives into the world of customer support

2298
01:35:09,620 --> 01:35:12,400
to make remarkable support the standard, not the

2299
01:35:12,400 --> 01:35:12,820
exception.

2300
01:35:13,420 --> 01:35:13,940
End quote.

2301
01:35:14,440 --> 01:35:16,920
Yo, CSB, the AI arch wizard.

2302
01:35:20,240 --> 01:35:22,020
Thank you, thank you, CSB.

2303
01:35:22,140 --> 01:35:22,720
That's beautiful.

2304
01:35:23,580 --> 01:35:27,980
We got Michael Kimmerer, $5.33. Chris Bernardik,

2305
01:35:28,100 --> 01:35:28,460
$5.

2306
01:35:28,880 --> 01:35:29,340
Thank you, Chris.

2307
01:35:29,520 --> 01:35:31,220
And Dreb Scott, $15.

2308
01:35:32,480 --> 01:35:33,120
Wow.

2309
01:35:34,340 --> 01:35:36,600
Let me see, what is this picture that

2310
01:35:36,600 --> 01:35:37,480
was posted here?

2311
01:35:38,700 --> 01:35:39,180
Oh, Lord.

2312
01:35:40,760 --> 01:35:41,360
Lyceum.

2313
01:35:41,520 --> 01:35:42,260
I don't know, Lyceum.

2314
01:35:42,300 --> 01:35:44,040
I'm not getting your boosts over here, man.

2315
01:35:47,140 --> 01:35:47,900
True fans.

2316
01:35:47,940 --> 01:35:51,500
That's so weird, because I'm getting even two

2317
01:35:51,500 --> 01:35:53,720
sat boosts from IPFS.

2318
01:35:54,840 --> 01:35:56,100
So I don't understand.

2319
01:35:59,700 --> 01:36:02,180
True fans stream from, hmm.

2320
01:36:03,920 --> 01:36:06,420
I don't know, I'm not seeing that here.

2321
01:36:06,560 --> 01:36:07,920
Let me see, let me look in streams

2322
01:36:07,920 --> 01:36:08,520
for a second.

2323
01:36:09,160 --> 01:36:10,700
Let me see if I'm seeing streams.

2324
01:36:12,400 --> 01:36:14,680
Yes, no, I'm seeing, oh, it actually says

2325
01:36:14,680 --> 01:36:17,400
true fans stream from podcasting 2.0 to

2326
01:36:17,400 --> 01:36:20,200
40 live October 31st, 2025.

2327
01:36:20,660 --> 01:36:22,020
Okay, so I do see them.

2328
01:36:22,100 --> 01:36:23,480
I see them in helipad, yes.

2329
01:36:24,320 --> 01:36:26,720
Oh, Sam just, like when I posted the

2330
01:36:26,720 --> 01:36:29,900
live thing on ActivityPub, he sort of reposted

2331
01:36:29,900 --> 01:36:31,380
with his own live link off true fans.

2332
01:36:31,460 --> 01:36:31,820
That's cool.

2333
01:36:33,920 --> 01:36:35,840
His own live, oh, so you can listen

2334
01:36:35,840 --> 01:36:36,800
live on true fans.

2335
01:36:37,100 --> 01:36:38,420
Yeah, yeah, I kind of like that.

2336
01:36:38,460 --> 01:36:39,980
It's almost like a link tree of all

2337
01:36:39,980 --> 01:36:40,720
the different places.

2338
01:36:41,180 --> 01:36:42,260
That's pretty cool.

2339
01:36:42,940 --> 01:36:44,740
Well, thank you all very much for the

2340
01:36:44,740 --> 01:36:46,580
value that you've sent, for the value that

2341
01:36:46,580 --> 01:36:48,780
we provide with podcastindex.org.

2342
01:36:48,900 --> 01:36:51,640
All of these funds go into the podcast

2343
01:36:51,640 --> 01:36:54,240
index to keep all the machines running, to

2344
01:36:54,240 --> 01:36:57,580
keep us safe and sound for at least

2345
01:36:57,580 --> 01:36:58,380
a couple of years.

2346
01:36:58,480 --> 01:36:59,500
So we appreciate that.

2347
01:37:00,160 --> 01:37:01,140
Don't let up, though.

2348
01:37:02,000 --> 01:37:02,820
Don't let up.

2349
01:37:02,820 --> 01:37:07,160
It's been kind of like evened out with

2350
01:37:07,160 --> 01:37:08,680
cost versus coming in.

2351
01:37:08,920 --> 01:37:11,160
So we want to continue this to keep

2352
01:37:11,160 --> 01:37:11,500
it going.

2353
01:37:11,640 --> 01:37:12,740
Really appreciate all that.

2354
01:37:12,840 --> 01:37:14,160
And Chad F, thank you so much, man,

2355
01:37:14,220 --> 01:37:15,240
for all that you've been doing.

2356
01:37:16,240 --> 01:37:17,760
I think everyone sees you.

2357
01:37:17,900 --> 01:37:20,900
We all see your tests and we all

2358
01:37:20,900 --> 01:37:24,040
have been watching with bated breath of what's

2359
01:37:24,040 --> 01:37:25,280
the next thing he's figured out.

2360
01:37:25,980 --> 01:37:29,500
And that effort is really appreciated.

2361
01:37:30,420 --> 01:37:30,820
Yeah, it is.

2362
01:37:30,940 --> 01:37:31,380
Thanks, Chad.

2363
01:37:31,380 --> 01:37:34,680
Open source is people and you- Open

2364
01:37:34,680 --> 01:37:35,580
source is people.

2365
01:37:35,860 --> 01:37:37,140
Now there's another t-shirt.

2366
01:37:37,460 --> 01:37:39,140
Open source is people.

2367
01:37:39,420 --> 01:37:40,520
Yes, exactly.

2368
01:37:40,920 --> 01:37:41,380
Exactly.

2369
01:37:44,040 --> 01:37:48,620
Yeah, well, I mean, honestly the Bitcoin stuff

2370
01:37:48,620 --> 01:37:52,380
is my favorite part of Podcasting 2.0

2371
01:37:52,920 --> 01:37:54,620
and I just kind of want to help

2372
01:37:54,620 --> 01:37:55,300
expand that.

2373
01:37:55,480 --> 01:37:59,900
So I'm here if anyone wants my opinion

2374
01:37:59,900 --> 01:38:05,240
on this stuff, it's- Yeah, I mean,

2375
01:38:05,300 --> 01:38:09,200
someone's got to, but I mean, I see

2376
01:38:09,200 --> 01:38:11,380
the problems and I do want to open

2377
01:38:11,380 --> 01:38:14,640
it up, but also kind of want, I

2378
01:38:14,640 --> 01:38:16,500
don't know, I don't want all this just

2379
01:38:16,500 --> 01:38:20,380
to turn into Spotify or Apple again.

2380
01:38:21,640 --> 01:38:26,000
So any kind of pushback or rudeness is

2381
01:38:26,000 --> 01:38:28,420
- We understand.

2382
01:38:30,900 --> 01:38:31,540
I'm stubborn.

2383
01:38:31,540 --> 01:38:34,440
But I mean, this is like, I mean,

2384
01:38:34,460 --> 01:38:34,960
this is cool.

2385
01:38:35,100 --> 01:38:36,000
I mean, we just ran off a bunch

2386
01:38:36,000 --> 01:38:36,360
of boosts.

2387
01:38:36,400 --> 01:38:38,620
People grabbed their phone, you know, sending us

2388
01:38:38,620 --> 01:38:38,960
money.

2389
01:38:39,240 --> 01:38:41,200
That's, I just want more of that at

2390
01:38:41,200 --> 01:38:41,720
the end of the day.

2391
01:38:42,020 --> 01:38:42,480
I agree.

2392
01:38:42,600 --> 01:38:43,720
Thank you so much, brother.

2393
01:38:43,800 --> 01:38:44,980
Brother Dave, thank you.

2394
01:38:45,480 --> 01:38:45,840
Yep.

2395
01:38:46,100 --> 01:38:48,760
Hey, happy Halloween to everybody, if you celebrate

2396
01:38:48,760 --> 01:38:50,120
that, this pagan holiday.

2397
01:38:52,540 --> 01:38:54,200
And thank you very much, Boardroom.

2398
01:38:54,260 --> 01:38:55,220
Thank you for being there.

2399
01:38:55,360 --> 01:38:57,820
And we will return next week on Friday

2400
01:38:57,820 --> 01:39:01,400
for another board meeting right here on Podcasting

2401
01:39:01,400 --> 01:39:19,530
2.0. You

2402
01:39:19,530 --> 01:39:24,110
have been listening to Podcasting 2.0. Visit

2403
01:39:24,110 --> 01:39:27,270
podcastindex.org for more information.

2404
01:39:27,710 --> 01:39:29,130
Go podcasting!

2405
01:39:29,810 --> 01:39:31,290
Well, but they can all get a sandwich

2406
01:39:31,290 --> 01:39:32,150
here at my house.