September 2, 2024 • 27 mins
In this engaging podcast episode, Russ and Lindz discuss fun and quirky topics like enjoying iced coffee in the shower before transitioning to an in-depth interview with Brian and Kelly Estes, creators of the film 'God Bless Bitcoin.' The Estes explain their motivation behind the film, blending educational themes about the ethical implications of Bitcoin and its integration with various religious perspectives. The conversation covers the history, moral advantages, and future implications of Bitcoin as a superior monetary system, touching on economic challenges and the potential for a global transition to Bitcoin.Timestamps:
Guest Info:
Brian Estes is the CIO of Off the Chain Capital which manages the #1 performing blockchain fund in the Hedge Fund Research (HFR) Universe from 2016-2021. Brian has been a VC in blockchain for 10 years and has advised, mentored and/or financed 6 blockchain companies that have a combined value of over $50B today. In addition to running blockchain asset funds, he teaches blockchain and digital asset investing classes at University of Cambridge UK, Washington University, and Morgan State University’s Center of Blockchain and Financial Technology. Brian earned his BA in Economics from the University of Illinois, his MBA from Washington University in St. Louis with high honors, and did is study abroad at University of Cambridge and the London School of Economics. For fun Brian has been an active pilot and aircraft owner for 34 years and has over 2200 hours of flight time logged.
Kelly Estes is founder and President of the Great Big Beautiful Tomorrow Foundation, a non-profit that provides bridge scholarships to private high schools and colleges for high-need, high-achieving students to help break the cycle of poverty through education. Kelly has devoted the last thirty years to education as a teacher and as the Graduate Support Director of an enrichment program that provided programming and advisement in a school district where 95% of the students grew up in generational poverty.
Studio | Film: All About 360 God Bless Bitcoin
Release Date: July 25th (AVAILABLE FOR FREE)
Trailer | Site: God Bless Bitcoin
Synopsis: God Bless Bitcoin asks the timely question: How do we fix our broken money? Through in-depth conversations with blockchain and interfaith leaders (including Mark Cuban, Cathie Wood, Rabbi Michael Caras, Fr. Robert Sirico, Tony Hawk, Tim Draper, the film exposes the broken, unjust, and immoral nature of our current fiat-based monetary system, one that is intimately connected to the military industrial complex and the propagation of war. The film also shows how and why members of the poor and middle class feel an financial squeeze even when they work hard and lead fiscally responsible lives. God Bless Bitcoin ultimately suggests the ways in which Bitcoin can present alternatives to our current system that are more just, equitable, and peaceful.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
SPEAKER_01 (00:04):
This is the Unfiltered
SPEAKER_02 (00:06):
Union.
I'm Linz.
SPEAKER_01 (00:07):
And I'm Russ.
SPEAKER_02 (00:08):
Here is this week's episode.
So, I had a revelation today.
SPEAKER_01 (00:17):
That's kind of an inappropriate start.
SPEAKER_02 (00:20):
Okay.
SPEAKER_01 (00:21):
Revelations.
SPEAKER_02 (00:25):
We'll get there.
No, today, a few weeks ago, youmentioned having ice cream
shower, shower ice cream.
SPEAKER_01 (00:35):
Yeah, 100%.
As
SPEAKER_02 (00:36):
a way to cool off.
SPEAKER_01 (00:37):
Very, very smart idea.
SPEAKER_02 (00:38):
I'm going to one-up you.
SPEAKER_01 (00:40):
I doubt that's going to happen, but let me hear it.
SPEAKER_02 (00:42):
Iced coffee in the shower.
SPEAKER_01 (00:44):
That sounds pretty good.
SPEAKER_02 (00:47):
I was so excited.
It was so good.
SPEAKER_01 (00:51):
So did you take a cold shower with iced coffee to
cool off?
Because, I mean, cold in Floridais...
Cold water in Florida is like 90degrees.
No.
SPEAKER_02 (01:04):
I'm one of those girls that takes hot showers.
I can't help it.
SPEAKER_01 (01:07):
So you did lava.
SPEAKER_02 (01:09):
Right.
I did lava, but I had my icedcoffee.
So it like counterbalanced.
SPEAKER_01 (01:15):
It's like driving around with the AC on and the
windows down.
SPEAKER_02 (01:18):
Yeah, it's awesome.
SPEAKER_01 (01:19):
No, it isn't.
SPEAKER_02 (01:20):
Why?
SPEAKER_01 (01:21):
Because it's a waste.
SPEAKER_02 (01:25):
Someone said you're letting the bot air out.
SPEAKER_01 (01:28):
Yeah.
SPEAKER_02 (01:29):
Oh.
SPEAKER_01 (01:29):
Robo air?
SPEAKER_02 (01:30):
That makes sense.
You
SPEAKER_01 (01:32):
good?
No.
I'm just not feeling it today.
I
SPEAKER_02 (01:36):
can tell.
Good grief.
Well, I think it was a greatidea to have iced coffee in
SPEAKER_01 (01:41):
the shower.
It's a good idea, but it doesnot.
You said you one-upped me, and Idon't think that's a one-up.
SPEAKER_02 (01:45):
Oh, I 100% think it's a one-up.
I don't like ice cream.
SPEAKER_01 (01:48):
Yeah, but that's your funk.
SPEAKER_02 (01:53):
Everybody likes iced coffee.
If you're a millennial, you'redrinking iced coffee.
SPEAKER_01 (01:57):
If you're a human, you're eating ice cream.
SPEAKER_02 (01:59):
That's not true.
I prefer cookies.
Cookies are the superiordessert.
SPEAKER_01 (02:03):
Okay, one person in the whole world.
SPEAKER_02 (02:05):
Okay.
I'm sure lactose intolerantpeople agree with me.
SPEAKER_01 (02:10):
I bet you they still like ice cream.
They just can't eat it.
SPEAKER_02 (02:14):
Fine.
The whole point in today'spodcast is not about shower ice
cream or shower coffee.
We're going to interview somefine people, but we're going to
start first and talk about bigBitcoin.
SPEAKER_01 (02:28):
Why Bitcoin?
SPEAKER_02 (02:30):
I don't know.
So Bitcoin all started with anine page white paper, right?
SPEAKER_01 (02:37):
Satoshi Nakamoto released a nine page white paper
in 2009, I believe is what itwas, and outlined a peer to peer
cash digital cash system.
SPEAKER_02 (02:50):
The fact that you just said all that while staring
off into the distance was kindof impressive.
SPEAKER_01 (02:55):
It's a passion of mine.
SPEAKER_02 (02:56):
I hear you.
But the idea that Bitcoin isbased off a nine-page white
paper when it is this verycomplex theory.
SPEAKER_01 (03:05):
Yeah.
It's complex, but it's alsosimple at the same time.
SPEAKER_02 (03:10):
You can't.
That's like saying the Rubik'sCubes are complex but simple.
They're not.
SPEAKER_01 (03:17):
Well, the...
Bitcoin itself is simple as in,to me, understanding Bitcoin
itself is not difficult.
Understanding the capabilitiesof Bitcoin, that's where it
starts getting complex.
SPEAKER_02 (03:34):
If you say so.
That's
SPEAKER_01 (03:37):
why we are interviewing the people we are
interviewing today.
SPEAKER_02 (03:40):
Well, it just blows my mind.
A nine-page white paper is whatsome people are basing all of
their wealth off of.
SPEAKER_01 (03:49):
Right.
SPEAKER_02 (03:50):
That's crazy.
SPEAKER_01 (03:51):
Yeah.
SPEAKER_02 (03:52):
Not crazy like you're insane, but that's a big
concept shrunk down to ninepages, and you're betting all of
your wealth on it.
SPEAKER_01 (04:00):
Well, it's either that or you bet your wealth on a
system that's been broken for avery long time, which is our
standard.
financial system that'scurrently destroying families,
lives, jobs, everything.
SPEAKER_02 (04:16):
Mic drop.
SPEAKER_01 (04:18):
Well, I mean, that's why I was interested in
interviewing this power couple
SPEAKER_02 (04:25):
that
SPEAKER_01 (04:25):
we're bringing on today.
SPEAKER_02 (04:26):
Well, first of all, when we talked about Bitcoin,
just you and me way back then,you were trying to convince me
into buying it.
SPEAKER_01 (04:34):
Yeah, don't regret saying no.
SPEAKER_02 (04:36):
When was that?
SPEAKER_01 (04:37):
About 2010-ish.
SPEAKER_02 (04:40):
Was it?
SPEAKER_01 (04:40):
Yeah.
SPEAKER_02 (04:41):
So after the white paper came out, you had decided
or you started researching andyou found it.
And you were like, oh, we shouldget it.
And I was like, that's fake.
SPEAKER_01 (04:49):
Yeah, right.
Well, and plus, back then it wasa lot harder to buy it than it
is now.
SPEAKER_02 (04:56):
Okay.
SPEAKER_01 (04:56):
It was like, there was a strange, weird ways to go
about it.
And back then it was kind of,Doing online transactions, a lot
of people were hesitant becauseof fraud and all that, which,
look at us now.
That's all we do.
SPEAKER_02 (05:12):
Right?
DoorDash, here's my money.
But I think the individuals,like you mentioned, that we are
going to meet today, theyproduced a movie called God
Bless Bitcoin.
And these individuals, Brian andKelly Estes, They
SPEAKER_01 (05:32):
are.
And just before we break downinto this, I wanted to fact
check myself.
The Bitcoin white paper wasreleased on October 31st in
2008.
Dang.
So not 2009.
I was mistaken.
How dare
SPEAKER_02 (05:48):
you?
SPEAKER_01 (05:50):
I'm human.
I eat ice cream in the shower.
SPEAKER_02 (05:54):
I have iced coffee in the shower.
But Brian and Kelly Estes forthe God Bless Bitcoin movie.
Yes.
We watched
SPEAKER_01 (06:00):
it.
It was amazing.
SPEAKER_02 (06:02):
It has a really good production value for being
almost like a documentary.
SPEAKER_01 (06:07):
Right.
I think that's kind of part ofwhat has been missing for
Bitcoin adoption was these typesof movies and documentaries.
People So...
I guess a lot of people don'ttake it seriously enough yet.
But I think these types of filmsare going to bring more
(06:27):
seriousness to the conversation.
It's like people are spendingmoney to promote Bitcoin now.
Like a lot of money.
This film was amazingly done.
It had a lot of people in it.
It had Mark Cuban in it.
It had Tony Hawk in it.
Talking about Bitcoin and why itcan change the world.
RFK Jr.
(06:48):
was in it.
SPEAKER_02 (06:49):
You know who wasn't in it?
Was Elon in it?
SPEAKER_01 (06:52):
No.
SPEAKER_02 (06:53):
I'm surprised.
SPEAKER_01 (06:55):
I'm not.
I don't know.
He's kind of wish.
I'm not going to say he's wishywashy on Bitcoin, but he's he
pushes some coins.
Yeah.
SPEAKER_02 (07:05):
Yeah.
He pushes
SPEAKER_01 (07:07):
that kind of stuff, which is he can do whatever he
wants.
SPEAKER_02 (07:10):
Obviously,
SPEAKER_01 (07:11):
it's yeah.
SPEAKER_02 (07:13):
But I mean, overall, I think what we what I hope to
get out of the interview todayis to talk to them about like
what drove them to this.
And then there's a lot oftheming around religion.
SPEAKER_01 (07:24):
Yeah.
I thought that was It was reallycool.
SPEAKER_02 (07:26):
But it's not just one secular religion, right?
They covered the big ones,right?
SPEAKER_01 (07:31):
Buddhism, Islam, Christianity, and Judaism,
right?
SPEAKER_02 (07:36):
Yep.
All of those all have arepresentative from that
religious sect and giving theirpoint of view on Bitcoin.
That's an interestingperspective.
SPEAKER_01 (07:46):
Yeah, they wove scripture into the scenes and
the scene changes and thentalked about how the scripture
applies to Bitcoin.
It was really good.
SPEAKER_04 (07:56):
It
SPEAKER_01 (07:57):
was really good.
It surprised the heck out of mebecause I'm always used to
watching these like Bitcoin lowbudget stuff.
Yeah.
Shows and movies.
But this one was...
Beyond exceeded my expectations.
SPEAKER_02 (08:12):
Absolutely.
It was very good.
So I think overarching for theinterview, like ask them, you
know, what drove them to thefilm and the religious theme.
What are your goals for theinterview with them?
SPEAKER_01 (08:24):
Well, my goals for the interview is to kind of show
people that it's not just a fador some pyramid scheme.
It's not.
I think we have a lot of normiesI'm one of them.
SPEAKER_02 (08:43):
Let's be clear.
I don't know anything about thisstuff.
I'm learning.
You
SPEAKER_01 (08:47):
are, but the gravity of Bitcoin to change the world
is so big that I think morepeople need to know about it.
SPEAKER_02 (08:55):
Yeah, I think there is a...
There's almost like a stigmaaround it, right?
Like
SPEAKER_01 (09:00):
drug dealers use it.
Well, not
SPEAKER_02 (09:02):
even just that.
It's like, it's, it's acryptocurrency.
Like it doesn't feel real.
Right.
And the barrier to entry to it,like there's a lot of aspects to
it that right now I think peoplejust see it and are like, no,
but I can't wait to talk to bothBrian and Kelly and really dive
into how people can adopt it andwhat that landscape looks like.
SPEAKER_01 (09:27):
Yeah.
You can't just print money outof thin air.
The fact that you just saidBitcoin isn't real, but at the
same breath you use the U.S.
dollar every day in your lifecracks me up.
SPEAKER_02 (09:42):
Right.
SPEAKER_01 (09:42):
Because that's not real either.
SPEAKER_02 (09:44):
Right.
That debt counter that they havein the government just keeps
going.
SPEAKER_01 (09:50):
It just keeps going.
They just try to print our moneyinto oblivion.
The middle class is the classthat gets hurt the most.
SPEAKER_02 (10:02):
This is going to be fun.
SPEAKER_01 (10:03):
Love you.
Ryan and Kelly Estes.
Hey there.
SPEAKER_05 (10:11):
Hey, good morning.
Good morning.
SPEAKER_01 (10:13):
How are you?
SPEAKER_05 (10:15):
We are well.
We are well.
Awesome.
SPEAKER_01 (10:18):
Oh, yeah.
I'm super excited about thisinterview.
Yes.
SPEAKER_02 (10:24):
We're going to dive right in here and start with
opening up our questions foryou, Brian and Kelly.
All things pertaining to GodBless Bitcoin and the movie that
we actually recently watched andloved.
Great production value.
It was very well done.
But we wanted to what drove youto make this film?
SPEAKER_00 (10:44):
Yeah, I read a book four years ago called Thank God
for Bitcoin, which is about theChristian view of money, ethics
and morality and how theyintersect with Bitcoin.
And I just got curious and I waslike, what do the other
religions say?
And so I dove into, you know,what Judaism, you know, Islam,
(11:04):
Buddhist, you know, Hinduism sayabout money and ethics.
And and that's where the ideacome from.
And, you know, I was like, youknow, I had this internal voice
telling me I need to like tellthe story.
Like, what did I learn?
And I've never written a book ormade a movie or, and I'm
terrible at telling stories.
And so I asked Kelly for help.
I was like, Hey, can you help medevelop this story?
(11:27):
And we'll make a movie and justshare it with everybody.
So what the movie is, is whatwas in my head and my heart, you
know, and we made it and we putit on film.
SPEAKER_05 (11:37):
So I have a master's degree in the teaching of
writing and I work all the time.
with students to help them gettheir story out.
So he came to me to ask for helpthere.
And why it was important to meis for the last almost, I guess,
15 years of my life, I had beenworking with students who've
grown up in generationalpoverty.
And I understand that the lackof financial literacy in our
(11:59):
education system has puteveryone at a disadvantage, but
especially those who are thewage earner.
And so it was important to me tohelp get his story out to help
educate people wow
SPEAKER_01 (12:14):
that's awesome
SPEAKER_05 (12:14):
that's
SPEAKER_02 (12:15):
powerful oh yeah for sure and that went now we have a
book to read
SPEAKER_01 (12:18):
one thing after the other so that my favorite part
of the film was how you didintertwine religion with bitcoin
you don't really see that oftenand what kind of drove you to do
that that aspect of it is inintertwining god and you know
(12:40):
our Well,
SPEAKER_05 (12:43):
the whole point of it was to examine money through
a moral and ethical lens.
And the base layer of morals andethics are the world's religions
and their sacred scriptures.
That is where we as humans aretaught morality and ethics.
And so we brought in expertsacross the world's religions.
(13:03):
So for Christianity, bothProtestant and Catholic,
Judaism, Islam, Buddhism andHinduism.
Hinduism to break open theirwords, to see how we are to use
money as we interact with eachother and to reward each other
for our God-given talents.
And that was how we brought thetwo together.
SPEAKER_02 (13:28):
Yeah, I learned so much in the aspects of the
different religions and how theylook at monetary value.
That was eye-opening about howreligions really look at the
monetary system and how it wasbuilt throughout
SPEAKER_01 (13:40):
religion.
Diluting your wine with water, Ithought that was an amazing
analogy.
It's wild to think about howpolluted our monetary system has
gotten over time.
SPEAKER_05 (13:54):
Everybody everywhere is feeling the effects of
inflation, but they don'tunderstand what's really causing
that and what's causing it isthe money printer.
Every time a government printsmore money and puts it in
circulation, it dilutes ourability to purchase goods and
services.
So six years ago, if we'd had$1,000 in our savings account,
(14:17):
today we would only be able topurchase$520 worth of goods and
services because in the in thelast six years.
And so that's different forevery country, depending on how
much they're printing.
SPEAKER_00 (14:34):
So the money that you earned six years ago, you
spent time and energy and yourtalent to earn that money.
And now it only buys a lot ofhands of what it bought six
years ago.
And so that's not ethical.
It's not moral to steal our timeand our energy by doing that.
And so Bitcoin stops that fromhappening.
(14:56):
You can't print more Bitcointhere's a finite supply.
There's only 21 million Bitcoin.
And so that's why it's a moreethical and moral form of money
than this fiat system that we'reon.
And you have to remember thefiat system that we're on, it
just started in 1971.
Pre-1971, for the 3,000 yearsbefore that, we used gold and
(15:19):
silver as money and you can'tprint gold and silver.
It requires proof of work.
You have to go out and dig itout of the ground.
And so when the government gotoff, the gold and silver
standard in 1971, they even hadthe discipline to not print
money.
And that's what's causing theproblems we see today.
SPEAKER_02 (15:37):
That debt tracker, right?
Just keeps going up.
SPEAKER_00 (15:40):
Yeah,
SPEAKER_01 (15:42):
it's terrifying.
SPEAKER_02 (15:44):
Well, sticking with the idea of religion and Bitcoin
for just a moment, like a lot ofpeople, I think, have
apprehension when you starttalking about a global currency
because of in religion, there isthe mark of the beast, right?
And some people say, that a markof the beast is going to take a
form of monetary or it couldtake a form of something on a
person.
(16:04):
Like there's different, what Iwant to say, different
viewpoints on what that couldbe.
And I've actually had somepeople say that, well, Bitcoin
could be the mark of the beast.
It's like, well, I feel like theway you guys answered that in
the movie is clearly that thisis a more ethical, more moral
and aligns with our valuesrather than it being something
(16:25):
that would align with the quoteunquote mark of the beast.
Right.
SPEAKER_05 (16:29):
It's funny right now at our church, we are studying
the book of revelation and wejust finished that portion about
the mark of the beast.
Um, and so one thing that Ithink is very interesting is
that when people talk aboutBitcoin, they say it's the most
perfect form of money humanshave ever created.
(16:50):
Right.
Um, and because it has 21million, it allows for us to
live in the abyss.
of being rewarded for the amountof work that we put in.
And so it is a better form ofmoney than what we have now.
If we understand the mark of thebeast, that number is 666.
(17:11):
That is the number just shy ofperfection.
God is perfection.
Seven is the number that isassociated with completion and
it being perfect.
The seventh day we rested, ourGod rested as we are to rest.
And so if you think about it,that way the fact that the money
that Bitcoin is a better form ofmoney than what we have means
(17:35):
that maybe it is closer to beinga perfect form of money not
saying that God blesses itbecause in no way do I believe I
am capable of understanding whatGod thinks or wants or has
intended for us I think the onlything we can do is look to his
word and if you look atRevelation you will see that he
(17:57):
He says he will come like athief in the night.
The book of Revelation is notabout signs that we are to
interpret today.
The book of Revelation is toremind us to be ever vigilant
and to stay in his word, not totry to interpret signs of
anything going on today inmodern culture that applies to
something that was talking aboutRoman culture.
SPEAKER_02 (18:19):
Wow.
I love what you just said there,not to analyze anything for
today and just live in the now,essentially, because I feel like
a lot of society right now isscared to But I digress on that
topic.
SPEAKER_04 (18:30):
That was, that was
SPEAKER_02 (18:34):
awesome.
I really appreciate your answeron that.
That just brings so muchperspective to, I think the
world that we currently live in.
And
SPEAKER_00 (18:42):
to go back to global money, you know, we use gold and
silver as global money for 3000years.
So, I mean, you know, Bitcoin isnot the first global money.
That's
SPEAKER_01 (18:52):
interesting.
SPEAKER_00 (18:53):
Bitcoin is basically a digital version of gold.
Um, And, you know, it's betterthan gold because it's more
portable than gold.
It's more divisible than gold.
It's easy to verify, you know,than gold.
You know, it's basically goldwith wings on it.
SPEAKER_04 (19:10):
Right.
SPEAKER_00 (19:11):
Well,
SPEAKER_04 (19:12):
I
SPEAKER_01 (19:16):
like the what you guys kind of put out there in
the movie, how people fleeingoppressive regimes in their in
their countries memorize your 12rules.
words, and you've got portablefamily wealth.
That's insane.
They can't take that from you.
They can't take that from you.
If you have a gold bar in yourpocket, that's your family's
(19:37):
wealth.
Obviously, they're going to takethat if you're fleeing some kind
of oppressive government.
SPEAKER_00 (19:44):
Look what happened in World War II with the Jews.
They were kicked out of Europe,and they had to leave all their
possessions behind.
If they tried taking somethingwith them, it was confiscated at
the border.
SPEAKER_01 (19:57):
Exactly.
SPEAKER_00 (19:58):
So, you know, they were they were sewing gold into
their clothes, you know, andthis way you don't have to do
that.
You just you memorize the 12words and no one even knows you
have your money in your head.
SPEAKER_02 (20:09):
Right.
Now, the perspective you guyshave given on Bitcoin, I mean,
is amazing.
I think with the movie andeverything that we've talked
about so far, like it really forsomeone who what do we call me?
A normie?
Someone who hasn't reallygrasped, totally grasped the
situation of Bitcoin.
But I I am appreciating theperspective.
But I mean, what do you thinkwould be like the steps needed
(20:32):
to move the world into Bitcoin?
SPEAKER_00 (20:35):
It's education.
Only 1% of the world understandsBitcoin today.
About 50% of Americans ownBitcoin or have exposure to it.
So in America, we're halfwaythere.
It's projected by 2029.
So just in five more years, 90%of Americans will own Bitcoin.
(20:55):
But like I said, it's only 1% ofthe world today.
So as the rest of the worldbecomes educated on what this
technology could do, and allthis is the software, all
Bitcoin is the software and it'sfreedom technology.
And once people understand this,this technology and this freedom
that the software, you know,enables, you know, people will
(21:16):
just opt into it.
Just like we opted into gold andsilver 3000 years ago, before we
use gold and silver, we, we ashumans use salt and stones and
wampum and, beads as money.
And then gold was discovered.
And we were like, oh, this isbetter money than, you know,
stones and shells and wampum.
(21:37):
And so we use gold and silverfor 3000 years.
And as this fiat system isfailing today, we will opt in to
the next system.
And I don't think we're goingback to gold because, you know,
I think we're going into thedigital version of gold, which
is called Bitcoin.
And in And we'll just opt intoit because it's the best form of
(21:59):
money humans have ever created.
It's better than gold.
And we'll just opt into itnaturally.
SPEAKER_02 (22:07):
Well, I think that kind of goes into our next
question too, because if we'resaying that this is something
that will naturally be optedinto in almost like the next
phase of the monetary system,then does that mean all other
monetary systems would collapse?
Because I think that would bekind of like a scary scenario
for people who are looking atBitcoin and saying, okay, so all
(22:28):
other monetary systems, if we goto Bitcoin, does that mean these
have to fail?
SPEAKER_00 (22:32):
So collapse is a, seems like a volatile word,
right?
It Collapse means like somethingthat happens suddenly.
The monetary system is not goingto collapse.
The monetary system will be, andwe've already seen it, it's
being debased.
Our money is being debased.
(22:52):
And here are some numbers to putthat perspective.
Right now, there's$35 trillionof US debt.
We have what are called unfundedliabilities.
The present value of those is120 trillion.
So these are future SocialSecurity payments, Medicare
payments, retirement payments tomilitary, all these future
(23:12):
payments over the next 30 years,if you add them up, the present
value is$120 trillion, butreally it's like$200 trillion of
actual dollars.
So we have to print that moneyover the next 30 years.
We have to print$200 trillion.
And what that means is if moremoney gets printed, then
(23:33):
everything becomes moreexpensive because the dollars
don't buy as much.
And so a car that costs$50,000today, in 30 years it's gonna be
$500,000.
Home that costs$500,000 todaywill cost$5 million in 30 years.
(23:55):
And that's mathematicalcertainty because we have to
print more money over the next30 years to pay all these
promises that we've made and wedon't have the money for.
SPEAKER_01 (24:05):
And that's not just housing and cars, it's also
food.
Food, it's everything.
Yeah, necessities, the thingsthat you need to live, I mean,
in
SPEAKER_00 (24:17):
the U.S.
Food, healthcare, college.
SPEAKER_01 (24:19):
Exactly.
Yeah.
Right.
Yeah, clean.
SPEAKER_05 (24:22):
Heating.
Heating.
SPEAKER_01 (24:25):
Just to survive.
And our work is the same.
That's what bothers me.
It's like, I still work just ashard as I did six years ago, but
now it's worth less.
Now you
SPEAKER_05 (24:37):
have to work harder to be able to have the same
purchasing power, which is whyyou're seeing more and more
people with either side hustlesor taking on two full-time jobs.
SPEAKER_00 (24:48):
Right.
That's why we start the moviewith the Brady Bunch.
So it wasn't like that back in1971 when the Brady Bunch was
around.
You had one spouse working, theother spouse staying at home,
raising the kids.
They had six kids, a dog, amaid.
Right.
Right.
And so you could do that, youknow, back in 1971.
(25:08):
The reason we can't do thattoday, the reason you have both
parents working and they couldbarely afford one kid is because
our money's broken.
You know, it's been diluted.
We're working just as hard andwe're not getting the same
benefit from that work.
And Bitcoin fixes that.
If you go and work and earnextra dollars and you store them
(25:33):
in Bitcoin, that Bitcoin can'tbe diluted like your dollars
could be diluted.
So it keeps you up withinflation.
It's like a shield.
We put that shield in the movie.
It protects you against the longarm of inflation trying to grab
your purchasing power.
Right, right, right.
SPEAKER_02 (25:53):
I mean, you guys have given That's a great
perspective today.
I am opening my mind to theworld of Bitcoin.
I mean, I think to kind offinish us off here, what do you
hope that viewers gain from themovie?
I think I can be kind of anexample of that, opening my mind
to Bitcoin.
But ultimately, what do you hopeyour viewers gain from God Bless
(26:16):
Bitcoin?
SPEAKER_05 (26:17):
It's exactly what you just said.
We hope that people who maybehave been leery of Bitcoin or
don't understand it at all areopen.
Just open your mind.
I'm a teacher, so I believeknowledge is power.
And if you can just keep an openmind and then use this as a
springboard to go educateyourself more so that you become
(26:40):
more comfortable with this newform of money, I would say our
movie had done its job.
And by the way, a really greatresource for learning more about
Bitcoin is hope.com.
It has a space devoted entirelyto education and it has
podcasts.
It has links to classes you cantake.
(27:01):
It has articles.
It has links to books you canstudy.
And so it's a really great placeto go next in your Bitcoin
SPEAKER_02 (27:08):
journey.
Wow.
SPEAKER_01 (27:11):
Awesome.
SPEAKER_02 (27:11):
Well, we can't thank you enough for your time today.
We could talk to you guys forhours.
We really could.
So we hope
SPEAKER_05 (27:17):
to have you back.
Thanks for doing your homework.
Your questions were soinsightful and we really
appreciated your energy thismorning It was a great way for
us to start too.
SPEAKER_01 (27:26):
Yeah, thank you.
We appreciate it.
Thank you so much.
Thank
SPEAKER_05 (27:29):
you guys so much.
SPEAKER_01 (27:30):
Hope to
SPEAKER_05 (27:30):
talk
SPEAKER_02 (27:30):
to you again.
Take care.
Bye.
SPEAKER_01 (27:33):
Thank you.
Bye-bye.
SPEAKER_03 (27:36):
Thanks for listening to the Unfiltered Union.
If you enjoyed this episode,click like and subscribe and
check out our merch onunfilteredunion.com.
It's what you do with things youlove.
This is the Unfiltered
SPEAKER_02 (00:06):
Union.
I'm Linz.
SPEAKER_01 (00:07):
And I'm Russ.
SPEAKER_02 (00:08):
Here is this week's episode.
So, I had a revelation today.
SPEAKER_01 (00:17):
That's kind of an inappropriate start.
SPEAKER_02 (00:20):
Okay.
SPEAKER_01 (00:21):
Revelations.
SPEAKER_02 (00:25):
We'll get there.
No, today, a few weeks ago, youmentioned having ice cream
shower, shower ice cream.
SPEAKER_01 (00:35):
Yeah, 100%.
As
SPEAKER_02 (00:36):
a way to cool off.
SPEAKER_01 (00:37):
Very, very smart idea.
SPEAKER_02 (00:38):
I'm going to one-up you.
SPEAKER_01 (00:40):
I doubt that's going to happen, but let me hear it.
SPEAKER_02 (00:42):
Iced coffee in the shower.
SPEAKER_01 (00:44):
That sounds pretty good.
SPEAKER_02 (00:47):
I was so excited.
It was so good.
SPEAKER_01 (00:51):
So did you take a cold shower with iced coffee to
cool off?
Because, I mean, cold in Floridais...
Cold water in Florida is like 90degrees.
No.
SPEAKER_02 (01:04):
I'm one of those girls that takes hot showers.
I can't help it.
SPEAKER_01 (01:07):
So you did lava.
SPEAKER_02 (01:09):
Right.
I did lava, but I had my icedcoffee.
So it like counterbalanced.
SPEAKER_01 (01:15):
It's like driving around with the AC on and the
windows down.
SPEAKER_02 (01:18):
Yeah, it's awesome.
SPEAKER_01 (01:19):
No, it isn't.
SPEAKER_02 (01:20):
Why?
SPEAKER_01 (01:21):
Because it's a waste.
SPEAKER_02 (01:25):
Someone said you're letting the bot air out.
SPEAKER_01 (01:28):
Yeah.
SPEAKER_02 (01:29):
Oh.
SPEAKER_01 (01:29):
Robo air?
SPEAKER_02 (01:30):
That makes sense.
You
SPEAKER_01 (01:32):
good?
No.
I'm just not feeling it today.
I
SPEAKER_02 (01:36):
can tell.
Good grief.
Well, I think it was a greatidea to have iced coffee in
SPEAKER_01 (01:41):
the shower.
It's a good idea, but it doesnot.
You said you one-upped me, and Idon't think that's a one-up.
SPEAKER_02 (01:45):
Oh, I 100% think it's a one-up.
I don't like ice cream.
SPEAKER_01 (01:48):
Yeah, but that's your funk.
SPEAKER_02 (01:53):
Everybody likes iced coffee.
If you're a millennial, you'redrinking iced coffee.
SPEAKER_01 (01:57):
If you're a human, you're eating ice cream.
SPEAKER_02 (01:59):
That's not true.
I prefer cookies.
Cookies are the superiordessert.
SPEAKER_01 (02:03):
Okay, one person in the whole world.
SPEAKER_02 (02:05):
Okay.
I'm sure lactose intolerantpeople agree with me.
SPEAKER_01 (02:10):
I bet you they still like ice cream.
They just can't eat it.
SPEAKER_02 (02:14):
Fine.
The whole point in today'spodcast is not about shower ice
cream or shower coffee.
We're going to interview somefine people, but we're going to
start first and talk about bigBitcoin.
SPEAKER_01 (02:28):
Why Bitcoin?
SPEAKER_02 (02:30):
I don't know.
So Bitcoin all started with anine page white paper, right?
SPEAKER_01 (02:37):
Satoshi Nakamoto released a nine page white paper
in 2009, I believe is what itwas, and outlined a peer to peer
cash digital cash system.
SPEAKER_02 (02:50):
The fact that you just said all that while staring
off into the distance was kindof impressive.
SPEAKER_01 (02:55):
It's a passion of mine.
SPEAKER_02 (02:56):
I hear you.
But the idea that Bitcoin isbased off a nine-page white
paper when it is this verycomplex theory.
SPEAKER_01 (03:05):
Yeah.
It's complex, but it's alsosimple at the same time.
SPEAKER_02 (03:10):
You can't.
That's like saying the Rubik'sCubes are complex but simple.
They're not.
SPEAKER_01 (03:17):
Well, the...
Bitcoin itself is simple as in,to me, understanding Bitcoin
itself is not difficult.
Understanding the capabilitiesof Bitcoin, that's where it
starts getting complex.
SPEAKER_02 (03:34):
If you say so.
That's
SPEAKER_01 (03:37):
why we are interviewing the people we are
interviewing today.
SPEAKER_02 (03:40):
Well, it just blows my mind.
A nine-page white paper is whatsome people are basing all of
their wealth off of.
SPEAKER_01 (03:49):
Right.
SPEAKER_02 (03:50):
That's crazy.
SPEAKER_01 (03:51):
Yeah.
SPEAKER_02 (03:52):
Not crazy like you're insane, but that's a big
concept shrunk down to ninepages, and you're betting all of
your wealth on it.
SPEAKER_01 (04:00):
Well, it's either that or you bet your wealth on a
system that's been broken for avery long time, which is our
standard.
financial system that'scurrently destroying families,
lives, jobs, everything.
SPEAKER_02 (04:16):
Mic drop.
SPEAKER_01 (04:18):
Well, I mean, that's why I was interested in
interviewing this power couple
SPEAKER_02 (04:25):
that
SPEAKER_01 (04:25):
we're bringing on today.
SPEAKER_02 (04:26):
Well, first of all, when we talked about Bitcoin,
just you and me way back then,you were trying to convince me
into buying it.
SPEAKER_01 (04:34):
Yeah, don't regret saying no.
SPEAKER_02 (04:36):
When was that?
SPEAKER_01 (04:37):
About 2010-ish.
SPEAKER_02 (04:40):
Was it?
SPEAKER_01 (04:40):
Yeah.
SPEAKER_02 (04:41):
So after the white paper came out, you had decided
or you started researching andyou found it.
And you were like, oh, we shouldget it.
And I was like, that's fake.
SPEAKER_01 (04:49):
Yeah, right.
Well, and plus, back then it wasa lot harder to buy it than it
is now.
SPEAKER_02 (04:56):
Okay.
SPEAKER_01 (04:56):
It was like, there was a strange, weird ways to go
about it.
And back then it was kind of,Doing online transactions, a lot
of people were hesitant becauseof fraud and all that, which,
look at us now.
That's all we do.
SPEAKER_02 (05:12):
Right?
DoorDash, here's my money.
But I think the individuals,like you mentioned, that we are
going to meet today, theyproduced a movie called God
Bless Bitcoin.
And these individuals, Brian andKelly Estes, They
SPEAKER_01 (05:32):
are.
And just before we break downinto this, I wanted to fact
check myself.
The Bitcoin white paper wasreleased on October 31st in
2008.
Dang.
So not 2009.
I was mistaken.
How dare
SPEAKER_02 (05:48):
you?
SPEAKER_01 (05:50):
I'm human.
I eat ice cream in the shower.
SPEAKER_02 (05:54):
I have iced coffee in the shower.
But Brian and Kelly Estes forthe God Bless Bitcoin movie.
Yes.
We watched
SPEAKER_01 (06:00):
it.
It was amazing.
SPEAKER_02 (06:02):
It has a really good production value for being
almost like a documentary.
SPEAKER_01 (06:07):
Right.
I think that's kind of part ofwhat has been missing for
Bitcoin adoption was these typesof movies and documentaries.
People So...
I guess a lot of people don'ttake it seriously enough yet.
But I think these types of filmsare going to bring more
(06:27):
seriousness to the conversation.
It's like people are spendingmoney to promote Bitcoin now.
Like a lot of money.
This film was amazingly done.
It had a lot of people in it.
It had Mark Cuban in it.
It had Tony Hawk in it.
Talking about Bitcoin and why itcan change the world.
RFK Jr.
(06:48):
was in it.
SPEAKER_02 (06:49):
You know who wasn't in it?
Was Elon in it?
SPEAKER_01 (06:52):
No.
SPEAKER_02 (06:53):
I'm surprised.
SPEAKER_01 (06:55):
I'm not.
I don't know.
He's kind of wish.
I'm not going to say he's wishywashy on Bitcoin, but he's he
pushes some coins.
Yeah.
SPEAKER_02 (07:05):
Yeah.
He pushes
SPEAKER_01 (07:07):
that kind of stuff, which is he can do whatever he
wants.
SPEAKER_02 (07:10):
Obviously,
SPEAKER_01 (07:11):
it's yeah.
SPEAKER_02 (07:13):
But I mean, overall, I think what we what I hope to
get out of the interview todayis to talk to them about like
what drove them to this.
And then there's a lot oftheming around religion.
SPEAKER_01 (07:24):
Yeah.
I thought that was It was reallycool.
SPEAKER_02 (07:26):
But it's not just one secular religion, right?
They covered the big ones,right?
SPEAKER_01 (07:31):
Buddhism, Islam, Christianity, and Judaism,
right?
SPEAKER_02 (07:36):
Yep.
All of those all have arepresentative from that
religious sect and giving theirpoint of view on Bitcoin.
That's an interestingperspective.
SPEAKER_01 (07:46):
Yeah, they wove scripture into the scenes and
the scene changes and thentalked about how the scripture
applies to Bitcoin.
It was really good.
SPEAKER_04 (07:56):
It
SPEAKER_01 (07:57):
was really good.
It surprised the heck out of mebecause I'm always used to
watching these like Bitcoin lowbudget stuff.
Yeah.
Shows and movies.
But this one was...
Beyond exceeded my expectations.
SPEAKER_02 (08:12):
Absolutely.
It was very good.
So I think overarching for theinterview, like ask them, you
know, what drove them to thefilm and the religious theme.
What are your goals for theinterview with them?
SPEAKER_01 (08:24):
Well, my goals for the interview is to kind of show
people that it's not just a fador some pyramid scheme.
It's not.
I think we have a lot of normiesI'm one of them.
SPEAKER_02 (08:43):
Let's be clear.
I don't know anything about thisstuff.
I'm learning.
You
SPEAKER_01 (08:47):
are, but the gravity of Bitcoin to change the world
is so big that I think morepeople need to know about it.
SPEAKER_02 (08:55):
Yeah, I think there is a...
There's almost like a stigmaaround it, right?
Like
SPEAKER_01 (09:00):
drug dealers use it.
Well, not
SPEAKER_02 (09:02):
even just that.
It's like, it's, it's acryptocurrency.
Like it doesn't feel real.
Right.
And the barrier to entry to it,like there's a lot of aspects to
it that right now I think peoplejust see it and are like, no,
but I can't wait to talk to bothBrian and Kelly and really dive
into how people can adopt it andwhat that landscape looks like.
SPEAKER_01 (09:27):
Yeah.
You can't just print money outof thin air.
The fact that you just saidBitcoin isn't real, but at the
same breath you use the U.S.
dollar every day in your lifecracks me up.
SPEAKER_02 (09:42):
Right.
SPEAKER_01 (09:42):
Because that's not real either.
SPEAKER_02 (09:44):
Right.
That debt counter that they havein the government just keeps
going.
SPEAKER_01 (09:50):
It just keeps going.
They just try to print our moneyinto oblivion.
The middle class is the classthat gets hurt the most.
SPEAKER_02 (10:02):
This is going to be fun.
SPEAKER_01 (10:03):
Love you.
Ryan and Kelly Estes.
Hey there.
SPEAKER_05 (10:11):
Hey, good morning.
Good morning.
SPEAKER_01 (10:13):
How are you?
SPEAKER_05 (10:15):
We are well.
We are well.
Awesome.
SPEAKER_01 (10:18):
Oh, yeah.
I'm super excited about thisinterview.
Yes.
SPEAKER_02 (10:24):
We're going to dive right in here and start with
opening up our questions foryou, Brian and Kelly.
All things pertaining to GodBless Bitcoin and the movie that
we actually recently watched andloved.
Great production value.
It was very well done.
But we wanted to what drove youto make this film?
SPEAKER_00 (10:44):
Yeah, I read a book four years ago called Thank God
for Bitcoin, which is about theChristian view of money, ethics
and morality and how theyintersect with Bitcoin.
And I just got curious and I waslike, what do the other
religions say?
And so I dove into, you know,what Judaism, you know, Islam,
(11:04):
Buddhist, you know, Hinduism sayabout money and ethics.
And and that's where the ideacome from.
And, you know, I was like, youknow, I had this internal voice
telling me I need to like tellthe story.
Like, what did I learn?
And I've never written a book ormade a movie or, and I'm
terrible at telling stories.
And so I asked Kelly for help.
I was like, Hey, can you help medevelop this story?
(11:27):
And we'll make a movie and justshare it with everybody.
So what the movie is, is whatwas in my head and my heart, you
know, and we made it and we putit on film.
SPEAKER_05 (11:37):
So I have a master's degree in the teaching of
writing and I work all the time.
with students to help them gettheir story out.
So he came to me to ask for helpthere.
And why it was important to meis for the last almost, I guess,
15 years of my life, I had beenworking with students who've
grown up in generationalpoverty.
And I understand that the lackof financial literacy in our
(11:59):
education system has puteveryone at a disadvantage, but
especially those who are thewage earner.
And so it was important to me tohelp get his story out to help
educate people wow
SPEAKER_01 (12:14):
that's awesome
SPEAKER_05 (12:14):
that's
SPEAKER_02 (12:15):
powerful oh yeah for sure and that went now we have a
book to read
SPEAKER_01 (12:18):
one thing after the other so that my favorite part
of the film was how you didintertwine religion with bitcoin
you don't really see that oftenand what kind of drove you to do
that that aspect of it is inintertwining god and you know
(12:40):
our Well,
SPEAKER_05 (12:43):
the whole point of it was to examine money through
a moral and ethical lens.
And the base layer of morals andethics are the world's religions
and their sacred scriptures.
That is where we as humans aretaught morality and ethics.
And so we brought in expertsacross the world's religions.
(13:03):
So for Christianity, bothProtestant and Catholic,
Judaism, Islam, Buddhism andHinduism.
Hinduism to break open theirwords, to see how we are to use
money as we interact with eachother and to reward each other
for our God-given talents.
And that was how we brought thetwo together.
SPEAKER_02 (13:28):
Yeah, I learned so much in the aspects of the
different religions and how theylook at monetary value.
That was eye-opening about howreligions really look at the
monetary system and how it wasbuilt throughout
SPEAKER_01 (13:40):
religion.
Diluting your wine with water, Ithought that was an amazing
analogy.
It's wild to think about howpolluted our monetary system has
gotten over time.
SPEAKER_05 (13:54):
Everybody everywhere is feeling the effects of
inflation, but they don'tunderstand what's really causing
that and what's causing it isthe money printer.
Every time a government printsmore money and puts it in
circulation, it dilutes ourability to purchase goods and
services.
So six years ago, if we'd had$1,000 in our savings account,
(14:17):
today we would only be able topurchase$520 worth of goods and
services because in the in thelast six years.
And so that's different forevery country, depending on how
much they're printing.
SPEAKER_00 (14:34):
So the money that you earned six years ago, you
spent time and energy and yourtalent to earn that money.
And now it only buys a lot ofhands of what it bought six
years ago.
And so that's not ethical.
It's not moral to steal our timeand our energy by doing that.
And so Bitcoin stops that fromhappening.
(14:56):
You can't print more Bitcointhere's a finite supply.
There's only 21 million Bitcoin.
And so that's why it's a moreethical and moral form of money
than this fiat system that we'reon.
And you have to remember thefiat system that we're on, it
just started in 1971.
Pre-1971, for the 3,000 yearsbefore that, we used gold and
(15:19):
silver as money and you can'tprint gold and silver.
It requires proof of work.
You have to go out and dig itout of the ground.
And so when the government gotoff, the gold and silver
standard in 1971, they even hadthe discipline to not print
money.
And that's what's causing theproblems we see today.
SPEAKER_02 (15:37):
That debt tracker, right?
Just keeps going up.
SPEAKER_00 (15:40):
Yeah,
SPEAKER_01 (15:42):
it's terrifying.
SPEAKER_02 (15:44):
Well, sticking with the idea of religion and Bitcoin
for just a moment, like a lot ofpeople, I think, have
apprehension when you starttalking about a global currency
because of in religion, there isthe mark of the beast, right?
And some people say, that a markof the beast is going to take a
form of monetary or it couldtake a form of something on a
person.
(16:04):
Like there's different, what Iwant to say, different
viewpoints on what that couldbe.
And I've actually had somepeople say that, well, Bitcoin
could be the mark of the beast.
It's like, well, I feel like theway you guys answered that in
the movie is clearly that thisis a more ethical, more moral
and aligns with our valuesrather than it being something
(16:25):
that would align with the quoteunquote mark of the beast.
Right.
SPEAKER_05 (16:29):
It's funny right now at our church, we are studying
the book of revelation and wejust finished that portion about
the mark of the beast.
Um, and so one thing that Ithink is very interesting is
that when people talk aboutBitcoin, they say it's the most
perfect form of money humanshave ever created.
(16:50):
Right.
Um, and because it has 21million, it allows for us to
live in the abyss.
of being rewarded for the amountof work that we put in.
And so it is a better form ofmoney than what we have now.
If we understand the mark of thebeast, that number is 666.
(17:11):
That is the number just shy ofperfection.
God is perfection.
Seven is the number that isassociated with completion and
it being perfect.
The seventh day we rested, ourGod rested as we are to rest.
And so if you think about it,that way the fact that the money
that Bitcoin is a better form ofmoney than what we have means
(17:35):
that maybe it is closer to beinga perfect form of money not
saying that God blesses itbecause in no way do I believe I
am capable of understanding whatGod thinks or wants or has
intended for us I think the onlything we can do is look to his
word and if you look atRevelation you will see that he
(17:57):
He says he will come like athief in the night.
The book of Revelation is notabout signs that we are to
interpret today.
The book of Revelation is toremind us to be ever vigilant
and to stay in his word, not totry to interpret signs of
anything going on today inmodern culture that applies to
something that was talking aboutRoman culture.
SPEAKER_02 (18:19):
Wow.
I love what you just said there,not to analyze anything for
today and just live in the now,essentially, because I feel like
a lot of society right now isscared to But I digress on that
topic.
SPEAKER_04 (18:30):
That was, that was
SPEAKER_02 (18:34):
awesome.
I really appreciate your answeron that.
That just brings so muchperspective to, I think the
world that we currently live in.
And
SPEAKER_00 (18:42):
to go back to global money, you know, we use gold and
silver as global money for 3000years.
So, I mean, you know, Bitcoin isnot the first global money.
That's
SPEAKER_01 (18:52):
interesting.
SPEAKER_00 (18:53):
Bitcoin is basically a digital version of gold.
Um, And, you know, it's betterthan gold because it's more
portable than gold.
It's more divisible than gold.
It's easy to verify, you know,than gold.
You know, it's basically goldwith wings on it.
SPEAKER_04 (19:10):
Right.
SPEAKER_00 (19:11):
Well,
SPEAKER_04 (19:12):
I
SPEAKER_01 (19:16):
like the what you guys kind of put out there in
the movie, how people fleeingoppressive regimes in their in
their countries memorize your 12rules.
words, and you've got portablefamily wealth.
That's insane.
They can't take that from you.
They can't take that from you.
If you have a gold bar in yourpocket, that's your family's
(19:37):
wealth.
Obviously, they're going to takethat if you're fleeing some kind
of oppressive government.
SPEAKER_00 (19:44):
Look what happened in World War II with the Jews.
They were kicked out of Europe,and they had to leave all their
possessions behind.
If they tried taking somethingwith them, it was confiscated at
the border.
SPEAKER_01 (19:57):
Exactly.
SPEAKER_00 (19:58):
So, you know, they were they were sewing gold into
their clothes, you know, andthis way you don't have to do
that.
You just you memorize the 12words and no one even knows you
have your money in your head.
SPEAKER_02 (20:09):
Right.
Now, the perspective you guyshave given on Bitcoin, I mean,
is amazing.
I think with the movie andeverything that we've talked
about so far, like it really forsomeone who what do we call me?
A normie?
Someone who hasn't reallygrasped, totally grasped the
situation of Bitcoin.
But I I am appreciating theperspective.
But I mean, what do you thinkwould be like the steps needed
(20:32):
to move the world into Bitcoin?
SPEAKER_00 (20:35):
It's education.
Only 1% of the world understandsBitcoin today.
About 50% of Americans ownBitcoin or have exposure to it.
So in America, we're halfwaythere.
It's projected by 2029.
So just in five more years, 90%of Americans will own Bitcoin.
(20:55):
But like I said, it's only 1% ofthe world today.
So as the rest of the worldbecomes educated on what this
technology could do, and allthis is the software, all
Bitcoin is the software and it'sfreedom technology.
And once people understand this,this technology and this freedom
that the software, you know,enables, you know, people will
(21:16):
just opt into it.
Just like we opted into gold andsilver 3000 years ago, before we
use gold and silver, we, we ashumans use salt and stones and
wampum and, beads as money.
And then gold was discovered.
And we were like, oh, this isbetter money than, you know,
stones and shells and wampum.
(21:37):
And so we use gold and silverfor 3000 years.
And as this fiat system isfailing today, we will opt in to
the next system.
And I don't think we're goingback to gold because, you know,
I think we're going into thedigital version of gold, which
is called Bitcoin.
And in And we'll just opt intoit because it's the best form of
(21:59):
money humans have ever created.
It's better than gold.
And we'll just opt into itnaturally.
SPEAKER_02 (22:07):
Well, I think that kind of goes into our next
question too, because if we'resaying that this is something
that will naturally be optedinto in almost like the next
phase of the monetary system,then does that mean all other
monetary systems would collapse?
Because I think that would bekind of like a scary scenario
for people who are looking atBitcoin and saying, okay, so all
(22:28):
other monetary systems, if we goto Bitcoin, does that mean these
have to fail?
SPEAKER_00 (22:32):
So collapse is a, seems like a volatile word,
right?
It Collapse means like somethingthat happens suddenly.
The monetary system is not goingto collapse.
The monetary system will be, andwe've already seen it, it's
being debased.
Our money is being debased.
(22:52):
And here are some numbers to putthat perspective.
Right now, there's$35 trillionof US debt.
We have what are called unfundedliabilities.
The present value of those is120 trillion.
So these are future SocialSecurity payments, Medicare
payments, retirement payments tomilitary, all these future
(23:12):
payments over the next 30 years,if you add them up, the present
value is$120 trillion, butreally it's like$200 trillion of
actual dollars.
So we have to print that moneyover the next 30 years.
We have to print$200 trillion.
And what that means is if moremoney gets printed, then
(23:33):
everything becomes moreexpensive because the dollars
don't buy as much.
And so a car that costs$50,000today, in 30 years it's gonna be
$500,000.
Home that costs$500,000 todaywill cost$5 million in 30 years.
(23:55):
And that's mathematicalcertainty because we have to
print more money over the next30 years to pay all these
promises that we've made and wedon't have the money for.
SPEAKER_01 (24:05):
And that's not just housing and cars, it's also
food.
Food, it's everything.
Yeah, necessities, the thingsthat you need to live, I mean,
in
SPEAKER_00 (24:17):
the U.S.
Food, healthcare, college.
SPEAKER_01 (24:19):
Exactly.
Yeah.
Right.
Yeah, clean.
SPEAKER_05 (24:22):
Heating.
Heating.
SPEAKER_01 (24:25):
Just to survive.
And our work is the same.
That's what bothers me.
It's like, I still work just ashard as I did six years ago, but
now it's worth less.
Now you
SPEAKER_05 (24:37):
have to work harder to be able to have the same
purchasing power, which is whyyou're seeing more and more
people with either side hustlesor taking on two full-time jobs.
SPEAKER_00 (24:48):
Right.
That's why we start the moviewith the Brady Bunch.
So it wasn't like that back in1971 when the Brady Bunch was
around.
You had one spouse working, theother spouse staying at home,
raising the kids.
They had six kids, a dog, amaid.
Right.
Right.
And so you could do that, youknow, back in 1971.
(25:08):
The reason we can't do thattoday, the reason you have both
parents working and they couldbarely afford one kid is because
our money's broken.
You know, it's been diluted.
We're working just as hard andwe're not getting the same
benefit from that work.
And Bitcoin fixes that.
If you go and work and earnextra dollars and you store them
(25:33):
in Bitcoin, that Bitcoin can'tbe diluted like your dollars
could be diluted.
So it keeps you up withinflation.
It's like a shield.
We put that shield in the movie.
It protects you against the longarm of inflation trying to grab
your purchasing power.
Right, right, right.
SPEAKER_02 (25:53):
I mean, you guys have given That's a great
perspective today.
I am opening my mind to theworld of Bitcoin.
I mean, I think to kind offinish us off here, what do you
hope that viewers gain from themovie?
I think I can be kind of anexample of that, opening my mind
to Bitcoin.
But ultimately, what do you hopeyour viewers gain from God Bless
(26:16):
Bitcoin?
SPEAKER_05 (26:17):
It's exactly what you just said.
We hope that people who maybehave been leery of Bitcoin or
don't understand it at all areopen.
Just open your mind.
I'm a teacher, so I believeknowledge is power.
And if you can just keep an openmind and then use this as a
springboard to go educateyourself more so that you become
(26:40):
more comfortable with this newform of money, I would say our
movie had done its job.
And by the way, a really greatresource for learning more about
Bitcoin is hope.com.
It has a space devoted entirelyto education and it has
podcasts.
It has links to classes you cantake.
(27:01):
It has articles.
It has links to books you canstudy.
And so it's a really great placeto go next in your Bitcoin
SPEAKER_02 (27:08):
journey.
Wow.
SPEAKER_01 (27:11):
Awesome.
SPEAKER_02 (27:11):
Well, we can't thank you enough for your time today.
We could talk to you guys forhours.
We really could.
So we hope
SPEAKER_05 (27:17):
to have you back.
Thanks for doing your homework.
Your questions were soinsightful and we really
appreciated your energy thismorning It was a great way for
us to start too.
SPEAKER_01 (27:26):
Yeah, thank you.
We appreciate it.
Thank you so much.
Thank
SPEAKER_05 (27:29):
you guys so much.
SPEAKER_01 (27:30):
Hope to
SPEAKER_05 (27:30):
talk
SPEAKER_02 (27:30):
to you again.
Take care.
Bye.
SPEAKER_01 (27:33):
Thank you.
Bye-bye.
SPEAKER_03 (27:36):
Thanks for listening to the Unfiltered Union.
If you enjoyed this episode,click like and subscribe and
check out our merch onunfilteredunion.com.
It's what you do with things youlove.
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