August 14, 2025 • 61 mins
Join Bob and the panel as they discuss the importance of having a low time preference and how bitcoiners can use this mentality in everyday life
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Episode Transcript
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(00:00):
Thank you.
(00:30):
all right good morning everybody i know our uh we're feeling sad today we got just over 122 000
dollars which means everybody should be sad because it's running away from you guys if you
(00:53):
haven't been stacking we've been telling you every morning uh but good morning everybody
We're back at it.
It's Wednesday.
And thank you for joining us.
If you would like to come up, love to have you up here.
Hit that microphone button in the bottom left.
Otherwise, leave us a nasty remark in that comment section.
The purple pill.
Hit that button and you can type in there and we will see it.
(01:19):
And maybe talk bad about you on the show.
No, I'm just kidding.
But, yeah, so let's see.
It is Bitcoin Veteran Spaces number 242, where we talk about Bitcoin and today time preference, which should be a fun topic, I hope.
My name is Bob Van Kirk. I'll be your host this morning.
I'm joined by Neil, BFP, puppy, Texas toast, having connection problems as usual, probably getting coffee.
(01:47):
But if you'd like to come up again, hit that microphone button.
Let's look at the time chain today.
We are at Bitcoin block height number 909,862 with the Bitcoin price right below 122,000, as I said, which means you could still pick up 820 sats for each U.S. dollar.
(02:09):
A couple of announcements this morning.
Bitcoin Veterans is having their second annual summit on November 10th and 11th in Nashville, Tennessee, thanks to Bitcoin Park.
day one is going to be the conference
and day two will be range day
so you'll get to maybe
shoot some firearms which should be fun
please visit
(02:31):
bitcoinveterans.org
forward slash summit 2025
for more details
if you'd like to be
in attendance obviously but then
we're looking for speakers
panel topics and volunteers so please
get involved again bitcoinveterans.org
forward slash summit 2025
to get involved or to get your tickets.
(02:54):
Before we hop into the time preference topic for this Wednesday,
want to go around the horn and say good morning to everybody.
Let's see.
On my screen, I have Neil first.
Neil, are you in the car again, sir?
No, we're just chilling.
Another beautiful day.
Water the grass.
I don't know.
Watching trees grow.
(03:15):
Wonderful.
Thanks for being here.
Always appreciate your perspective.
BFP, do we have any birds this morning?
I don't hear the birds. It's overcast. There's some, but I don't hear them very much.
How's it going? It's a great day to be a great day.
Yeah, great day to be alive. And Hubby, I guess you're not drinking beer this morning.
(03:40):
So how's the bone broth?
Still heavy on the coffee. Time preference. Looking forward to it.
when you get all-time highs and no one gives a shit, that's a good sign.
You're doing it right.
You don't feel a thing.
Welcome to the huddle and low time preference.
Speaking of, share the space, guys.
(04:01):
Love to have more people in here and talk about time preference.
Texas Toast.
Good morning.
How are you?
What makes the grass grow, Bob?
Is it Bitcoin?
I don't know.
But it's all good.
I've got my coffee. It's a wonderful, it's going to be an all-time high kind of day.
All right, guys.
(04:22):
I think we are energy addicts, whether it's caffeine or energy as a society,
as you look at the energy needs that people keep talking about with AI and Bitcoin mining and other things.
But it is certainly indicative of flourishing societies.
(04:45):
The more energy you can produce, the more we have flourishing of people.
So interesting topic today we have is time preference.
And why do we bring this up?
I could probably let PubbyQ this one up.
We've probably been in a space together where we've talked about this before.
(05:06):
But Bitcoin, I think one of the biggest benefits, especially for me, and I'll just share kind of my perspective on this, is it does tend to teach people low time preference.
And so if you're not familiar with this topic, really the idea here is a low-time preference person or a low-time preference outlook would see you prioritizing the future and delaying gratification and make decisions that maximize long-term benefits over immediate rewards.
(05:46):
rewards. And so I think maybe most people in society today call it delayed gratification.
But really, if you study this and kind of zoom out, it's really a, I think, a time preference
thing. And so high time preference people, we see it all the time, are doing the exact opposite,
(06:07):
right? They're making decisions in the here and now, and a lot of times at the detriment of their
future selves. We see this individually. We see it in our government. Congress is continually
borrowing more money to fund projects today and paying it back with future generations,
(06:31):
time and energy in the future. And so I wanted to kick this one off and maybe go around and see
what other people have experienced as they've adopted Bitcoin. Has it taught you or were you
someone who was already delaying gratification before you came to Bitcoin, and this was just a
natural progression for you. So let's start with Pubby, because I know he loves the topic, and then
(06:54):
we can hop around. And again, guys, feel free to come up. Would love to open up the space really
to anybody that's a listener and likes this topic or has questions on it, so please hit that
microphone button in the bottom left. But Pubby, do you care to share your thoughts on time
preference anything is open for you oh yeah man so uh yeah when when you get in at twenty thousand
(07:19):
dollar bitcoin you had to pile in because it was going to a hundred thousand dollars within the
month so that's why you joined up right within a month you're going to get a five x yeah uh and
this is the thing this is sort of the the outsider's view of bitcoin which in turn goes into crypto is
you're just a millionaire overnight.
And once you jump in here and you realize what Bitcoin is truly about, you say, okay,
(07:45):
I got to understand the value proposition, this value outside of the system, which historically
is up and to the right in fits and starts.
Yeah, we get the 80% drawback, then you get some massive gains.
But if you're treating it as this great store of value, you'll understand if you're here for two halvings, roughly eight years, you're doing it right, at least that long.
(08:17):
It's not longer.
And it's always a wonder to me, folks, that they'll put money into the retirement account for 40 years and think nothing of it.
But if they're not a millionaire within within a week with Bitcoin, it's a failed project.
So that's I can start it off with that, I guess.
Yeah. How about others? Neil, you care to talk about this a little bit?
(08:43):
yeah yeah um yeah i like the time preference thing too because when you boil it down like it's
it's really just your the the measure of your rational potency like if you understand like
kind of my philosophical angle like if you understand that rationality is our faculty
(09:04):
which perceives and interacts with abstracts the objective order of reality um that's that's like
I don't know the that's your capability that's your uh your strength and if you can see you know
where things are going you're able to uh you know direct your actions to you know you're skating to
(09:28):
where the puck's going to be you know if you can see if you can track the puck you can skate to it
and that's kind of what rationality is it lets you look at the world make sense of it and then
figure out where you want to go. And if you can't track the puck, you'll never catch it.
And you're, I mean, it, I hate the, like, I hate that this word has gotten this, uh,
(09:51):
this negative connotation, but like back to just a strict meaning, like that's just, you're,
you're retarded, right? Like you, you, you lack the ability to where you should be. Like you're,
You're performing at a level.
Development is just like is not is not normal.
(10:11):
You know, it's just like a normal person should be able to look at the economic realities of of their life, see how things are going, see what Bitcoin is, see where it's going and put the two together.
Like, I don't think that you don't have to be a rocket scientist.
you don't have to have a 160 IQ to get this. Like you just, I don't know, just the, I don't know,
(10:35):
it's, it's not that hard. It's kind of just getting over, like they talk about that ego,
you know, like killing the ego. It's just getting over yourself just enough to just,
and see where it's going. And, uh, I mean, I don't know. I think that's kind of just my,
my, it's just like going back to, it's just your, your rational potency. It's the measure.
(10:56):
and if that's not to say that some needs don't have urgency and you have to address them you know
immediately but um i mean again that's still perfectly within those things like if you see
where it's going and you have to act now i mean that's that's still uh coherent that's still a uh
in alignment with these this low and high time preference kind of framework of thinking about
(11:21):
things so i don't know if that was helpful but that's my take yeah i love it uh bfp saw you come
off mute go ahead sir yeah i was just gonna say it uh kind of changes you as a person and it's hard
to say to the normies that you're just explaining bitcoin to but to this group of people it uh
it might resonate a little uh you know you go to the every day that uh misses me and i don't go to
(11:49):
the gym, I feel, you know, a little salty with myself. And, you know, I always put off purchases
because I'm always trying to stack. And, you know, it's, it's just a different way of life
where you're not thinking about, you know, fancy stuff. You're thinking about your future more than
(12:09):
anything. You know, maybe you want to buy land, maybe you want to settle down somewhere in a
different uh city or state with your family or maybe you want to build a family if you're young
so it's it's definitely a changing lens you see the world through and got high time preference
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and low time preference when i first read it and uh feyfedean's book i got them flip-flopped because
i have a little dyslexia action going and uh i'd be like i think it's low time preference but now
I got it pretty solid. So it's a low time preference. You want high time preferences buying the Lambos.
Yeah, it's really good. Good comments. And I think it really is this idea of, well, it's a discipline.
(12:57):
Let's put it that way. Did want to welcome a couple of speakers. Jimmy, we have you on a frequent basis.
Wanted to first, though, go to a new speaker in the space. And we always covet the females.
So, True Heather, welcome to the stage. Thanks for coming up.
Hello. Hi. Thanks for having me. Good morning.
(13:18):
Yeah, I thought I'd chime in because here in Calgary, Alberta for the Bitcoin rodeo, my friend Katie and I had a Bitcoin breakfast for the ladies.
and we decided that the only thing we were really going to bring up, because we wanted to hang out
and network and talk and eat and have coffee, more than do some type of presentation that they could
(13:42):
have at the conference or something like that. And so we talked about low time preference.
And, you know, from two perspectives, like one, I'm a career hypnotist. So I think of things like,
I don't think that normal people can sort of make those decisions necessarily because
they're often the result of being hypnotized or like direct hypnosis from programming and
(14:09):
the state continually triggering them to just act out of their discomfort. Like that's years
of programming to just act out of discomfort that could cause someone to, you know, live
in a more high time preference because it's almost like a survival.
(14:30):
And then on the other side, like with the 32 women we had at the breakfast, they did,
they really did like learning that because some of them were Bitcoiners and a lot were
like learning a bit about Bitcoin and they were sort of feeling that, which I felt years ago too,
that took me a bit longer to get in, like just it seemed really technical and difficult. But
(14:57):
actually where they resonated to want to kind of feel that discomfort of learning more about Bitcoin
was by starting to understand low time preference. And I kind of talk about it in a different way
because it's what got me further into Bitcoin.
Like when I first started the podcast a couple of years ago
and started talking more about Bitcoin and healing and consciousness it like I had Bitcoin but I didn really really really step into the full power and my empowerment in Bitcoin until I really understood why I went through the dark soul
(15:34):
dark night of the soul that I did in my own career. So just quickly, you know, like realizing
like as a single mom, having my own full time, really successful hypnotherapy practice and
training practice and just having like nothing to show for it and then working harder and getting
(15:54):
to that next kind of, you know, six figures and then having like the same nothing to show for it
or like the little bit to show for it. And after I'd sacrificed time to firm with my son to be
more successful and just had to pay so much to the government. And so I got, you know, to me,
that hit me before I learned about a Bitcoin in that way and low time preference.
(16:20):
And so I think that the value, especially for like families and women and mothers,
is that you can actually have that time that is so valuable,
not just for yourself and your children, but for society.
Yeah, thanks so much for that.
And sorry you're in such a high tax area,
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but it does seem like you're in the freest part of Canada.
So way to hang tight in Alberta.
Jimmy, can you share anything about your time preference as we're going around the horn here this morning?
Yeah, good morning.
Well, yeah, I was actually lucky enough to have a father that kind of taught me an awful lot about investing early on
(17:00):
and how to save money and how not to spend it and always save something of what you made.
But I will say, while it has even affected me more so getting into Bitcoin,
it's really affected a lot of people younger people that have a really instant gratification
problem they want to get returns so fast in this world today and like four to five years is a long
(17:23):
time for them but i now have some big winners that are mexicans that have been in for about six years
and they totally have changed their lives they no longer care about buying new clothes they you know
they're very concerned with stacking sats and i think that's what's amazing about it it's not like
somebody's got a gun to their head, I'm not telling them what to do. They're telling themselves what to do.
(17:44):
Not everybody gets affected this way, but more and more every day and more and more newbies as they get into it and stay in it for a long time.
Like Bobby said, you know, if you've been in it for several halvings, you know, it hurts to sell it at the same time.
You've got to live your life. I went on reasonably long, as people would say in the Bitcoin,
knowing that I would have to sell because I put everything into it.
(18:05):
But same time, I'm building now at a quarter of the price.
And this is something that people don't get is that if you've been in it four or five years, you know, I was going to build at 50.
I waited till 100.
I started building more and now it's at 120.
And every time I get an invoice from my contractor, you know, he's like, what's the price of Bitcoin?
I said, well, you know, it's dipped a bit.
Well, wait, wait for a bit.
(18:26):
He's actually working with me in the sense that he's billing me as close to the cycle when it peaks.
He goes, should I give you a big, yeah, give me a bigger one now.
And, you know, and he's like, what?
And why is he doing this? Because he knows there's more work for him if I can spread my Bitcoin into more pesos.
And we're over 2 million pesos, 2.2, 2.3 million pesos per coin right now.
(18:46):
And it's amazing. It really it just gets cheaper for me to build.
Now, I'll get done with the project that I'm doing this year and I'll have less Bitcoin, but I'll probably have more fiat.
And that's the part that people just don't get. But once you've experienced it, I don't think people need to, you know, a lot of people will wake up to it.
And so I just find it amazing how it does inadvertently change people, even though they're not planning on being or somebody's trying to make them do something.
(19:11):
It's themselves. You know, they're self-motivated. And, you know, not everybody gets it.
But those that do do have a great benefit in life. And, you know, four or five years, 10 years, it's nothing in investing.
I was taught 20 years minimum for retirement and young people think 20 years is insane.
I'm like, well, that's how it works. But now nowadays you can actually do it faster.
(19:32):
So, yeah, it's an amazing tool.
Yeah, thanks for that.
Texas Toast, do we have you back, sir?
Have you gotten your coffee?
I was ready for you this time.
Might have to drop you and have you come back.
You want to try your mic one more time, sir?
(19:55):
No, he doesn't.
Okay, well, awesome.
We're going to continue on.
Would love to hear from you, though, when you can get that worked out.
So one of the things about time preference that I think about a lot, and last week we talked about actually reliability of Bitcoin.
And with time preference, it also gets me thinking of another R word, resilience.
(20:17):
And so when you are concerned with, you know, high time preference things, I think true Heather touched on this a little bit.
But basically, if something comes about that you can't handle, you immediately go into crisis mode.
(20:39):
And so what people who have low time preference tend to do is build reserves.
Now, a lot of you may think I'm talking only financial reserves, but you can also build physical reserves.
So are you working on yourself?
And I think we all know if you ever tried to lose weight or maybe some people's case gain weight because they're they're trying to build muscle.
(21:03):
It takes a long time to get into habits that would allow you to do that.
And it's something that is needs to be sustained. Right.
And then the same thing goes for emotional reserves. So have you conditioned yourself emotionally? And so what I wanted to do in this segment of the show is just see if anybody wants to chime in on any of those things.
(21:28):
So we got finance, building reserves and finance.
Obviously, Bitcoin is very well related to that one.
But then there's also, like I mentioned, building reserves physically and emotionally.
And so I think I'd like to hear from the panel if anybody wants to touch on these things.
(21:48):
I don't want to have to play the cricket.
So hopefully.
Can you hear me?
Oh, yeah, there he is.
Dude, it's crazy.
It's a meet the teacher day.
So a lot going on here.
Take it slow.
Take it slow.
Take it low, man.
It's all good.
Just chill out.
We'll get you back.
Oh, geez.
(22:08):
No, not right now, bud.
But, yeah, I mean, it's the perfect savings mechanism.
It forces you to reframe your life in a lot of ways.
The more you know about the network, the 10-minute blocks, the four-year cycles, you know,
It forces you to think about what the world will be like in those different time periods.
(22:34):
It's an interesting mechanism.
It creates an internal clock for you almost that you can kind of set financial goals with and look out into the future.
where I don't think any, if you didn't learn that growing up from your parents, it's really hard to,
to grasp, um, you know, how you can save for the future and do all these things. But,
(22:54):
you know, this is a different kind of monetary asset that reflects in that way. Um, and so then
you can, you can pay for things, you can save for things, um, and keep them in self custody with
reserves. You can, you know, have a rainy day fund. You can do all these things and it, it benefits
your life immensely, um, in the long run, but that's all I got. I'm probably going to get
(23:21):
interrupted by kids anyway in a second, but thanks for having me on Bob. The best teacher, Texas toast
is you and your wife. So you should meet your wife today. It's a good teacher meeting day. Um,
No, it's fun when school starts. Good stuff. So feel free to drop down if you need to. But hopefully we can keep you for a little bit longer. So, yeah, others. Who else? I think we have some requests. Neil, I see your hand back up. What say you?
(23:52):
yeah i uh wanted to chime in on that uh the idea of like the different types of reserves and like
with the mobility and you're like your physical reserves it's like that's uh i mean that's such
an important thing like uh when i got out of the military uh i like you know tweaked my back and
(24:16):
that just I could barely like jog, you know, halfway down the block without it just seizing up.
And like I heard it just like doing a simple little like warm up, you know, like it wasn't even heavy or anything crazy.
And it's just because, you know, the way that I had been training, I had been degrading and running out of those reserves and reserves.
(24:42):
and just I had such a little margin to, you know, where I could actually function that the tiniest
little thing sent it over and it just broke me. And it's like, so I've been on this like complete
mobility kick, you know, since like five, six years now. And like completely like, I mean,
I feel younger today. You know, I rolled my ankle the other day too. And like, it didn't,
(25:11):
it wouldn't have even like before it would have been like a big deal.
But like, since I've built up all this flexibility and strength and mobility,
like you just kind of take it.
And it's like, you see that with old people too.
Like, why is it the fall?
You know, because like, they just have no, they have no margin.
They've ran it out.
(25:31):
They've ran it out.
You know, it's just like with your diet and your, you know, your diabetes and,
you know, obesity and all this stuff.
like you're just putting more and more stress on your system and like you get by and you get by
until you don't. And like, once you run out of the reserve, once you run out of margin, like you
have no air. And, uh, I don't know, that's, that's what, that's literally all my wife sees in her,
(25:56):
uh, in her job is just like old sick people that have just, they've lived their entire life,
you know, unhealthy. Um, but it works, you know, it gets them by, but they, they just,
they run out of that margin, they run out of that reserve,
and then the tiniest little thing, you know, breaks them.
And great point.
(26:17):
Sounds like you had a couple too many helicopter landings.
Some rough landings, huh?
Yes, sitting in the cockpit doesn't help.
Just bringing someone else up here, I think.
But Heather, go ahead.
I see your hand.
thanks yeah great points neil too i was thinking about that in terms of emotional
(26:43):
and even metaphysical reserves and physical because in traditional chinese medicine you know
they'll they'll talk about the qi which is the life force and it's really the one thing that you
just can't get back like your body can heal your cells are already healing but if you
if you exhaust all of your chi and you're never replenishing you know you're not using that energy
(27:08):
with um well we could even say with honor then it's just going to drain out and and you know
not everyone has necessarily the same amount of chi or the same amount of life force energy but
there's absolutely things that we can do uh to store our health so so i love that conversation
(27:28):
And, yeah, people might be able to keep going into an older age, but are they really mobile?
Are they really well?
Are they really healthy?
Yeah, so what would you guys say to people who are maybe just coming to this conversation and saying to themselves, what are they talking about?
(27:51):
I get the gist that, you know, we need to build reserves.
but like how, how do, how do I do this? Like, is there,
is there certain things that you guys have learned? You know,
we got a good panel up here.
And so want to try to get this out of you guys. Like what are the,
for the audience, for the listener,
(28:11):
what are the things maybe that you have personally been able to work on or are
still trying to work on and what things like,
where have you found success or where have you maybe failed and need to keep
working at it?
I can speak to this.
(28:33):
I would say, first of all, it starts in the mind.
Like it really is a mindset shift.
It's really just if someone isn't set in their mind, then it's really hard to make change.
Like, you know, people will come to me and say, OK, I want to eat better or I want to save money or I know this isn't the right way.
But if they're not really sold in their mind that it is the best way or it is what's going to bring them health, they won't try it.
(28:58):
Just like the same with money.
Like I'm sure everyone listening could know someone who's just like stubbornly not doing something for themselves or for their health and they can't understand why.
but if it doesn't start in the mind so I would say first of all just like really find the reasons
for yourself in your mind why it would be better to you know store health or store wealth and I
(29:22):
think you know for me I've done that for years with cleanses and detoxes and and uh you know
staying healthy but staying healthy physically does involve staying healthy mentally so take
care of your mind, take care of your, you know, do whatever you need to get clear in
your mind.
Maybe that is just like walking or meditation or writing or even just simply being quiet
(29:47):
with yourself.
And then it becomes really easy to just take those next steps that maybe there's some
resistance to being healthy or even buying more Bitcoin or saving, stuff like that.
Yeah, thanks for that.
Wanted to welcome 23 Skidoo to this age, but go first to Pubby.
(30:09):
I have a sneaking suspicion I know what you might be talking about.
Go ahead, sir.
Yeah, I'm not sure.
I would say this.
The first thing that brings people really into Bitcoin, most of us, was number go up.
What I found was it was like the first honest thing that I had seen in some time in this world.
(30:30):
something that truly gave hope, like this thing that isn't just controlled by the system, so to speak.
And you can, you know, as we say, don't trust, verify.
But that feeling of wow this is something that is very valuable something I can control And there something wrong in the world And you see this all the time And you go to a Bitcoin space and you talk about the technicals of Bitcoin Sometimes you talk about in the bond market and all this
(30:58):
The money's just one side of it
because Bitcoiners I found to be true seekers.
And they said, well, if I found this, okay,
I found this cool thing
that can provide generational wealth way down the road.
What else is true out there that I can incorporate?
And you'll see people that you need to go,
You'll have Bitcoiners that just do a meeting or a space just on, like you say, the health, the diet, the exercise, the spiritual side of things in life.
(31:24):
So Bitcoin is like this sort of gateway down into all these different rabbit holes, but it comes down to this seeking for truth.
And you'll see it the longer you stay.
And you build those reserves and you notice like, man, the longer I'm here, the longer I want to stay.
And it's a great feeling to have.
yeah thanks for that let's see i think we have uh yeah towels up here good morning sir
(31:49):
again 23 skidoo and i think i see jimmy's hand go ahead sir
well i didn't even see my own hand go up but uh yeah i i was just going to say as far as the
health goes um yeah i've been working hard on my myself i have a severe disease and so i got into
keto and i got into this all because of bitcoin after getting into bitcoin listening to tone
phase and safety and i talked to safety about being a carnivore and i'm not saying everybody
(32:12):
has to do this but i will say that if you have diet problems issues even mental um you know
getting your health back is incredibly powerful and what's interesting is i don't go around
professing this i talk more on spaces about it but i tell people you don't have to you know do
what i do i'm just saying you got to look at how you're eating and so as an example i've had several
(32:33):
people completely go into carnivore and pedo because of me and i never talked to them i mean
And in many cases, I didn't even ever have a conversation with him.
I go, well, why do you say I did it?
It's just because I see you in better health every time I see you.
This contractor that's working for me, he's a few years younger than me.
I move much better than he does.
He sees my hands are all twisted, and he's looking at me going, I don't get it.
(32:54):
Like, you move around like you're, you know, a kid.
Like, you're trucking all over the place, and he can't walk that well.
And yet there's no reason for it.
So yesterday we had this conversation, and he starts asking me about my diet.
He starts asking me.
He's already into Bitcoin.
He's already completely wanting to get paid in Bitcoin.
And it's just interesting to see as people get into the wealth, then they want their health.
(33:15):
Not always, but I know Pubby and other people that have changed their lifestyles.
I have radically. And it's interesting because nobody's got a gun to our head.
It's a choice. And that's the only way change happens.
One is by looking at other people's examples we learn from.
And then the other is to do it because you want to do it, not because somebody is telling you to.
And again, it's just amazing to me how it changes time preference and it changes people's interest in their health.
(33:41):
And it's a personal choice, you know, and that's really incredibly powerful.
Yeah, you know, I'm reminded of Texas Toast when we talk about self-custody for Bitcoin, that it's radical responsibility.
And this applies, I think, to these other things that you might start addressing as your time preference changes.
(34:03):
and so uh but i did want to go to 23 skidoo thanks for coming up and i see your hand go ahead
hey good morning everybody another great show um yeah just you know like you said if there's new
people in here i'm just shedding a little light my experience with it all is um i'm 57 now i never
had a penny of retirement before bitcoin never had a penny i mean of course you know where i was in
(34:29):
life. You might say it was a little harder being a tradesperson hand to mouth, but that's no excuse.
And Bitcoin has proven that because since I discovered Bitcoin and switched to the low time
preference and the conviction mixed with also kind of always having a perspective that our whole
(34:51):
financial food system, governance system, everything is a house of cards. It wasn't
hard for me to gain a really strong conviction. And now I have, you know, a decent amount
of Bitcoin in my perception to hang on to, retire on and hopefully pass on to my kids.
(35:13):
And in terms of reserves, yeah, I've always been a bit on that kind of prepper-ish side. So
Bitcoin didn't change that in me. It's in fact why I found Bitcoin because I was already wired
that way to see things and uh you know i do things like buy a third of a grass-fed cow where i live
and put it in deep freeze and teach myself gardening and do stuff like that 57 i just did
(35:37):
a 300 mile bikepacking trip by myself through southern colorado stay strong stay healthy and
like that our lady here who's a hypnotist understands man you have got to believe you
are strong and you are powerful and you are capable because i know people that are 41 who
have given up on things like hiking and playing things because they think they're too old i'm
(36:01):
just dreaming of where i want to ride my bike at 57 yeah except for canadians they can't hike anymore
not sure if you heard well since you're derailing us uh go ahead explain that to the audience so
they know, but it is kind of wild.
Oh, no. I think was there a
$25,000 fine they put in
(36:22):
certain areas. I think we'll see
what Nova Scotia and New Brunswick
for anyone hiking or
fishing, doing
anything outdoors related, which
I don't know, may make you healthy.
This is the world we live in.
During COVID, I assume
you mean. During COVID?
No, right now. Now, now.
A week ago. Even on your own private
(36:44):
property. Even on your own private
property to what end for for forest fires and climate change so if you have the climate change
vaccine then you can yeah right of course that makes sense not it is a wild world for sure
tau uh thanks for coming up sir and go ahead hey good morning um pretty interesting topic
(37:10):
I do have something to speak about on this point.
So I think physical reserve, it's a little similar to a mental reserve.
It's a little bit similar.
I think physical reserve is probably the most important thing
(37:31):
because without physical reserve, all the other reserves are useless.
You're not going to be able to take advantage of whatever reserve you have with the other ones or how much of you have with it.
I'm just going to speak to my experience.
Most of you guys are aware that I've lost function of my left hand.
(37:55):
And so I've gone through the challenge of the sort of physical reserve, like maybe dwindling a little bit.
And it's been about, what, 14, 15 years.
And so through that experience, I've learned a lot.
(38:16):
So I've learned not only that physical reserve is so important, it also challenged me mentally.
How do I refocus? How do I continue life in this new light?
And, you know, it took some years to kind of gain that sort of motivation and confidence back.
(38:40):
And so if you didn't have that sort of motivation, you're not going to be able to kind of just persevere and continue.
So to me, after everything that I've gone through, you know, I treat physical reserve way more important than anything else.
Like, I have Bitcoin. I have my finances. Everything's in order. Everything's really, really well.
(39:06):
But even with that, I use this sort of like experience that I went through to say, hey, you need to take care of yourself physically.
and you really need to be mindful about that.
The great thing about Bitcoin is
it kind of gives you a sense of responsibility
because I think when you started learning
(39:26):
about all the different aspects,
you started to be more responsible about your finances
and I think that sort of responsibility
is a little infectious
and so you start to think about,
well, what else can I be responsible for?
and it actually gotten me to look into the foods that I eat
and then also like actually taking a serious look at, you know, your age and, you know, your physicality
(39:57):
and knowing that as you age, that physicality will also slowly go down.
And so that maintenance you're talking about, that time preference, low time preference,
you can't expect to go and exercise and oh next month you're going to be in shape you're going to
be healthy that's one of the things that's very difficult for people because they feel like okay
(40:21):
i'm not getting any results i've been you know doing this for let's say two months and even
though they've gotten a little bit results you know they're expecting all the results of five
years later or something like that and so there's that part where you have to be very
low time preference, right? Be patient and be proactive to continue to work on that physical
(40:44):
reserve and add to it. Recently, I started this sort of journey by almost two years ago.
It was the most difficult thing because I haven't really been able to do any sort of like
a strenuous exercise and I would lift plates that were just like very, very lightweight,
(41:08):
like one or two at most.
This was two years ago when I started out, you know, taking seriously my physicality in
the gym.
And not only that, but my muscles, because they were not used that often, when you don't
use it right, it's tightened.
And so when you stretch it, you know, in a very, very long time, it's painful.
(41:34):
You know, you slowly take time.
And so what I'm saying is after like two years, you know, I've changed physically.
Like it's been like a tremendous sort of like feeling mentally, right?
So physically, you feel confident, you're looking a certain way.
And then mentally, it also makes you grow.
(41:55):
So with all of those things, you can do anything.
You can be Superman if you really wanted to, but it's that dedication that you're going to need.
So to me, I think once you have that physicality and good mental mindset reserve filled up really well, I think all the other things can come in fairly easily.
(42:16):
That's all I have to say.
Yeah, thanks for that.
I was also thinking, like, as you're talking about how a lot of times we when we talk about Bitcoin adoption, we say, hey, people are going to have to feel pain or they're going to have to have a wake up call.
And it sounds like for you with the physical side of things, you had that wake up call with your injury or your loss of the use of your left hand.
(42:45):
And so I think that's an important lesson for us that maybe if you can find some of these things early enough, you can protect yourself from these things.
And then, as I was saying earlier, it's not this panic mode or this, hey, I'm running around to try to fix this crisis.
(43:07):
And so this, guys, I don't want this topic to be judgment for anybody, but hopefully it's resonating with some of you.
in certain areas. I think we all know we have things to work on and none of us are perfect.
But yeah, Heather, I see your hand again. Go ahead. Yeah, that's such a great point because
pain is the indicator of something being off, something being out of alignment. And if we're
(43:33):
thinking about low time preference, being really in alignment with health and self and value and
like self-value and even purpose. Pain is so important, you know, because, and again, no
judgment to anyone, but if we, as soon as you start, stop like doing anything that's just numbing,
(43:58):
like if, you know, a lot of our world, especially Western world is taking pharmaceuticals and
pharmaceuticals can very, be very good at masking pain. And as soon as we stop feeling the pain,
that motivation is different. You know, I've had a lot of people over the years come to me to
try to be motivated or Heather, tell my brain this and make me do this. But what I found is like
(44:23):
when they weren't feeling the pain of the situation, when the pain was being numbed,
or even just like when we think about the quick dopamine of high time preference, like get that
instant gratification, get those legs, get that, get that, whatever it is, all of the dopamine that
we can get and then we could bring in fiat food into this conversation too because it's like fiat
(44:46):
food and fiat meds and all these quick fixes what they can be really great at is numbing pain or
distracting us from the pain and the pain is the teacher the pain is the pathway to that alignment
to being healthy, to having the stability to slow down, feel something, and make a decision
(45:12):
that is going to be valuable for your future and your health, et cetera.
Yeah, I think it's like this consciousness, right?
This level of consciousness and almost like people, because we're so high time preference,
just as a society, people are just conditioned to not really try to feel anything. So whether that's
(45:36):
through, you know, pharmaceuticals, the mascot, or just people, you know, being in the rat race,
as we talk about, or the hamster wheel. And so I think that, you know, unfortunately, for a lot of
people, it is that cataclysmic event that does wake them up. And for some people, it's too little
(45:56):
too late. And so my hope is through this conversation that people start analyzing certain areas of their lives that they know they need to work on.
Set a plan set a goal get disciplined and start working on those things before Yeah Before it is too late or you have some sort of event Jimmy i see your hand go ahead sir i was going to say real quick that um yeah getting into bitcoin what i seen
(46:22):
is that people um and not in all cases by any means but health-wise it seems like once they
understand money is a problem and has been a problem by the governments many people start
to question everything about their government including medical um you know during covet i saw
an awful lot of people that just accepted everything they were being told but then i saw other people
waking up to it going, I don't buy it.
And it's interesting how many more Bitcoiners, I feel,
(46:45):
were the ones that were like, I have a critical thinking, I don't buy this.
And it's like, why do they question it?
Well, they've already learned to question the money,
and it seems to be they start to question health.
And I've got friends that are boomers that are taking 20 pills a day,
and they're victims of life.
They feel they have to do this for the rest of their life.
I've had friends, several, get into keto and completely drop their medicine,
(47:05):
such as I've done.
And they're just like, oh, my God, I had no idea.
I know you get into taking medicines on top of medicines and they get so their bodies are so messed up that this is what Michaela Peterson point is.
It's not about being carnivore. It's about cleaning out everything, eliminating diet so that you get down to what is affecting you.
And I've watched people get off of anxiety medicines, cancer medicines, statins, all kinds of shit.
(47:29):
And it's just because they take an initiative and they question their doctor, they question the medical.
And, you know, Bitcoin is what gave them that confidence to start looking at life more critically.
So, again, it's not anybody having a gun to their head.
It's them waking up to it.
And I think that's what's really powerful about Bitcoin.
I agree.
And I don't want anybody to feel like we're standing up here on our pedestal.
(47:52):
Again, everybody's a work in progress.
We all have to work on ourselves.
And hopefully this spurs you along.
You know, you hear about these things.
It's like, why are we in these spaces?
Well, to educate.
But we also want everybody to win.
And whether that's your stacking goal, your health goal, your, you know, if it's physical or it's your emotional goals.
(48:16):
But one thing we didn't touch on, maybe we can for the last 10 minutes.
We don't have to go here.
But a lot of people you find in the Bitcoin space, because they are assessing these different things, have discovered spirituality.
Maybe some of them have found God.
And so I wonder if anybody on stage cares to share or if you've noticed trends, we haven't really talked about the spiritual side of, you know, time preference, but maybe just maybe Bitcoin is something that frees up people's time because they've found some wealth and some freedom and some knowledge and some wisdom.
(48:56):
and they've been able to explore that where otherwise, because they're in the rat race, they haven't.
And so just curious if anybody on stage wants to share or if you've noticed the same thing.
Well, I guess I'm the only one.
(49:17):
It's a godless face.
No, no, this is my favorite topic.
I'm letting other people talk.
I will say one thing real quick because I know Heather can go knee deep in all of this.
I will say, and as I said earlier in what Jimmy had talked about, people come out to find a truth.
Well, Bitcoin is the first one.
(49:38):
What's in this vaccine, for example?
Just asking the question.
And I think with Bitcoin, well, there's something wrong with the money.
What does this outside world want from me?
And every way you turn, it's usually they want some sort of money from you, right?
This is why they post everything is get rich quick, lose weight quick.
Everything is quick.
Just give us money.
(50:00):
And what started out with crypto early on was always about the Lambos, right?
Everyone, I just want a Lambo.
What you found are the Bitcoiners that turn to truth is a simple life.
They don't want Lambos.
You know what they want?
They want to go off grid, have a homestead.
They want inner peace. They want a simple life. Well, not simple. It's simple in the sense that it's not dependent upon everyone else, but just on themselves and their family.
(50:28):
And I've noticed that, you know, just even with me was the simplicity and the peacefulness and not listening to everything out there.
And there's a lot of time you'll find people are in these spaces because you want you want to hang out with people with that like mindset.
And this is what you're going to find here. You're going to find the same mindset between everyone.
And you can look to find God as you wish. That's up to you.
(50:51):
But that inner peace from this hectic world that always wants something from you.
Yeah, I found that here so far. Yeah, it's really good.
And I do think, you know, for some people, they're just going to tune out on this topic.
But, you know, it's like, hey, you know what, if you're ripped and you've been, you know, taking care of your body,
(51:12):
And you're, you know, over a certain age, you probably are like, man, what are these people talking about with this physical stuff?
Well, I'm glad, you know, I'm glad for you.
Maybe there's other things you need to address.
And for some people, they're like, no, I've totally written off God.
I've been harmed.
I have, you know, problems with that.
And I'm going to I don't want to listen to this.
(51:33):
But I think it's fair to bring these topics up because, again, as you zoom out, I think we can see the trends.
And it's interesting to me, you know, one on a personal level, but also just the trend of what I see.
And again, maybe I'm wrong, but it just seems like Bitcoiners are at least willing to explore this topic along with others.
(52:00):
And so I think it's reasonable to bring up here at the end of this time preference topic.
And yeah, Heather, I'd love to hear your thoughts on this.
Thank you. And thanks, Bob. You're a great host.
Yeah, I think that, you know, I was listening to Eric Kaysen on the value of transformation yesterday, and he was talking a bit about how he came to God after Bitcoin.
(52:25):
And I've seen that a lot through, you know, just following being a part of Bitcoin X.
And, you know, I think it makes sense that Bitcoiners then find the divine because once they get into, you know, once you heal your relationship with money, you shift your consciousness from survival to creation.
(52:46):
And Bitcoin is a teacher in seeing money as energy.
And then as soon as we're in that space of creation, then it's different because a clear mind is an open channel. It gives us what we need step by step along the way to get to health, to get to alignment or success or whatever we want to call it.
And so when we're talking about the energy that creates worlds, you know, the energy of life, and actually this is kind of a good little bow coming back to energy from this way that we could exhaust ourselves trying to live in a system that does not have our health and abundance at its heart to moving away from that system and listening to ourselves, listening to our inner wisdom, which is also,
(53:36):
our connection to consciousness, to creative consciousness. And, you know, a lot of times we
could say that hope is a part of this Bitcoin ethos and even the low time preference, but
spirituality is really about trusting that everything that is happening is for you and for
your highest good. And so it all wraps up perfectly because in that low time preference,
(54:02):
You can really, you know, have that energy and connect to life force energy or source energy and, you know, find that sovereignty through your own inner wisdom.
And I think that's really the answer.
You know, people are just outsourcing their authority all the time, which is also causing like a disconnect, which also can cause illness or we could say dis-ease.
(54:25):
And so the aspect of really listening to your own innate wisdom while being open to the creativity of consciousness will always end up in health.
Yeah, thank you so much for that. And we are coming to terms yet. Did see Tao raise his hand? Want to give him another shot at this?
(54:47):
yeah you guys were talking about like spirituality and i just want to say i think people
they don't look into spirituality early enough i think people think like they still have time
or they don't look at it until um you know they have some sort of life-changing
(55:07):
uh event that causes them to explore deeper uh or or they're getting older and you know they're
getting to the end of the line,
the age that's close to the end of the line,
then they start to look into spirituality.
And I just think that's a mistake.
That's a mistake.
Because if you look into spirituality right now,
(55:31):
I think it lays out sort of a roadmap
of maybe how to live properly and happily.
I think it gives people a sense of peace.
right you know amongst this chaos that that they live in with this worrying about work
worrying about appointments and emails and this and that and and it's just you know they they seem
(55:57):
so like frantic and just seem like there's so much pressure so i think if people look into
spirituality um early and ahead of time it helps them you know balance a lot of things it helps them
grow and everything.
And then throughout the whole time, they'll be
going through it in a calm,
(56:19):
peaceful way. So I just think
spirituality is such an important thing
that people are missing.
You know, one of the things I was talking
to, I was
making a conversation
with a very old lady and I was
asking her,
she's probably like
80 by 90 years old, very old lady,
a delicious food company.
(56:40):
And I asked her, you know, if you
had
one words of wisdom,
right?
Since you're older, I was kind of
saying that, say, if you had words of wisdom
to kind of give to the younger
generation,
what would that be? And she said,
and it kind of stuck with me, she said,
make spirituality
(57:01):
the center
of everything, and
everything will fall in place.
And that really hit me, because, you know,
I've gone through many spiritual phases throughout my life.
And I just remember during those times, yeah, things will come around.
Things will come along.
(57:22):
But while it's developing, it's very peaceful.
It's very calming.
And so I think, you know, people should really look into it more earlier than waiting forever.
Yeah, I think it's true with all these.
Jimmy, is your hand still up, sir?
(57:42):
I'll let you go here, and then we'll close us out for this morning.
Yeah, I'll make it real quick.
I'm going to go get watering plants and whatnot.
But, yeah, a yogi told me many years ago when I was practicing meditation and kundalini is everything is based in love and fear.
All emotions come down to the root.
And I've meditated on that for years, and I find it to be very true.
And what I'm seeing with Bitcoin is people get into Bitcoin.
(58:04):
Not everybody does this, but as people do, and they feel better about themselves because now their time preference is changing because they have done it.
They can pat themselves on the back and feel good where they haven't been feeling good.
They've been in fear.
They're fear that there's not enough.
There's fear that they're not good enough.
There's fear of failure.
All these things that happen to our confidence levels.
And it's people literally just become victims and just accept life as it is.
(58:27):
But when you get into Bitcoin and you do get the different time preference, you begin to love yourself.
You begin to love your life.
You begin to eat better.
And when you start caring and that you start to really live in a different space.
And I believe that's why people end up becoming more spiritual in a lot of ways, because they start to realize we are all connected.
And hate is based in fear.
(58:47):
And I've lost a lot of my hate.
I'm not happy with the way the world is, but I don't hate everybody for it.
I look at it as well.
It has to happen.
Unfortunately, there's going to be people hurt.
I want to help those who want to get help.
But if you can't, you can't help people that don't want help.
Right. And they're not there yet.
But what's interesting with Bitcoin is, again, nobody's got a gun to anybody's head to change their life.
Some of us have chosen to.
(59:09):
And then we receive reinforcement from doing so.
And all it does is, I believe, is making us love ourselves finally.
I mean, literally love who we are, even though we're all fallible.
We're all I'm no perfect person by any means.
But at the same time, I'm way happier with myself than I ever have been.
And part of it is because of Bitcoin.
And then I got on the health kit and then I feel better.
I have more energy.
And it's just one begets the other.
(59:31):
And that's what's really cool to watch is how it happens just inertly.
You know, not everybody gets affected this way.
But the fact is many people are affected.
And I think it comes from the fact that they're no longer living in fear.
Yeah, I really like that.
It's a good way to close it out.
I do think, obviously, we all have different things to work on.
(59:52):
And it does take self-responsibility, but, you know, there's that old saying, show me your friends and I'll show you your future.
Part of the reason I do these spaces is so I can get encouragement and encourage others as well.
Like I said before, I want everybody to win.
And, you know, I'm not sure if I buy the whole idea of you're the average of the five people that you spend the most time with.
(01:00:16):
But I do think that coming into these spaces, we should use them for good.
And hopefully we did that for you this morning.
Hopefully you enjoyed the conversation.
Really appreciate all the speakers.
Please do follow them.
If you're someone who listens frequently, thank you.
And we do this every weekday morning at 10 a.m. Eastern.
(01:00:38):
If this is your first time, we'd love to have you back.
And we're going to call that a show.
Whether you're a veteran or not, please visit BitcoinVeterans.org.
And if you're interested in the second annual summit,
BitcoinVeterans.org forward slash summit 2025.
That's all I have for you today.
(01:00:59):
I hope you have a great Wednesday.
And remember, whatever you do, please do not shit coin.
It's like wearing cutoff jeans to a funeral.
Well, people that use fiat currency as a store of value, we call them we core.
(01:01:30):
We call them we core.
Thank you.
(00:30):
all right good morning everybody i know our uh we're feeling sad today we got just over 122 000
dollars which means everybody should be sad because it's running away from you guys if you
(00:53):
haven't been stacking we've been telling you every morning uh but good morning everybody
We're back at it.
It's Wednesday.
And thank you for joining us.
If you would like to come up, love to have you up here.
Hit that microphone button in the bottom left.
Otherwise, leave us a nasty remark in that comment section.
The purple pill.
Hit that button and you can type in there and we will see it.
(01:19):
And maybe talk bad about you on the show.
No, I'm just kidding.
But, yeah, so let's see.
It is Bitcoin Veteran Spaces number 242, where we talk about Bitcoin and today time preference, which should be a fun topic, I hope.
My name is Bob Van Kirk. I'll be your host this morning.
I'm joined by Neil, BFP, puppy, Texas toast, having connection problems as usual, probably getting coffee.
(01:47):
But if you'd like to come up again, hit that microphone button.
Let's look at the time chain today.
We are at Bitcoin block height number 909,862 with the Bitcoin price right below 122,000, as I said, which means you could still pick up 820 sats for each U.S. dollar.
(02:09):
A couple of announcements this morning.
Bitcoin Veterans is having their second annual summit on November 10th and 11th in Nashville, Tennessee, thanks to Bitcoin Park.
day one is going to be the conference
and day two will be range day
so you'll get to maybe
shoot some firearms which should be fun
please visit
(02:31):
bitcoinveterans.org
forward slash summit 2025
for more details
if you'd like to be
in attendance obviously but then
we're looking for speakers
panel topics and volunteers so please
get involved again bitcoinveterans.org
forward slash summit 2025
to get involved or to get your tickets.
(02:54):
Before we hop into the time preference topic for this Wednesday,
want to go around the horn and say good morning to everybody.
Let's see.
On my screen, I have Neil first.
Neil, are you in the car again, sir?
No, we're just chilling.
Another beautiful day.
Water the grass.
I don't know.
Watching trees grow.
(03:15):
Wonderful.
Thanks for being here.
Always appreciate your perspective.
BFP, do we have any birds this morning?
I don't hear the birds. It's overcast. There's some, but I don't hear them very much.
How's it going? It's a great day to be a great day.
Yeah, great day to be alive. And Hubby, I guess you're not drinking beer this morning.
(03:40):
So how's the bone broth?
Still heavy on the coffee. Time preference. Looking forward to it.
when you get all-time highs and no one gives a shit, that's a good sign.
You're doing it right.
You don't feel a thing.
Welcome to the huddle and low time preference.
Speaking of, share the space, guys.
(04:01):
Love to have more people in here and talk about time preference.
Texas Toast.
Good morning.
How are you?
What makes the grass grow, Bob?
Is it Bitcoin?
I don't know.
But it's all good.
I've got my coffee. It's a wonderful, it's going to be an all-time high kind of day.
All right, guys.
(04:22):
I think we are energy addicts, whether it's caffeine or energy as a society,
as you look at the energy needs that people keep talking about with AI and Bitcoin mining and other things.
But it is certainly indicative of flourishing societies.
(04:45):
The more energy you can produce, the more we have flourishing of people.
So interesting topic today we have is time preference.
And why do we bring this up?
I could probably let PubbyQ this one up.
We've probably been in a space together where we've talked about this before.
(05:06):
But Bitcoin, I think one of the biggest benefits, especially for me, and I'll just share kind of my perspective on this, is it does tend to teach people low time preference.
And so if you're not familiar with this topic, really the idea here is a low-time preference person or a low-time preference outlook would see you prioritizing the future and delaying gratification and make decisions that maximize long-term benefits over immediate rewards.
(05:46):
rewards. And so I think maybe most people in society today call it delayed gratification.
But really, if you study this and kind of zoom out, it's really a, I think, a time preference
thing. And so high time preference people, we see it all the time, are doing the exact opposite,
(06:07):
right? They're making decisions in the here and now, and a lot of times at the detriment of their
future selves. We see this individually. We see it in our government. Congress is continually
borrowing more money to fund projects today and paying it back with future generations,
(06:31):
time and energy in the future. And so I wanted to kick this one off and maybe go around and see
what other people have experienced as they've adopted Bitcoin. Has it taught you or were you
someone who was already delaying gratification before you came to Bitcoin, and this was just a
natural progression for you. So let's start with Pubby, because I know he loves the topic, and then
(06:54):
we can hop around. And again, guys, feel free to come up. Would love to open up the space really
to anybody that's a listener and likes this topic or has questions on it, so please hit that
microphone button in the bottom left. But Pubby, do you care to share your thoughts on time
preference anything is open for you oh yeah man so uh yeah when when you get in at twenty thousand
(07:19):
dollar bitcoin you had to pile in because it was going to a hundred thousand dollars within the
month so that's why you joined up right within a month you're going to get a five x yeah uh and
this is the thing this is sort of the the outsider's view of bitcoin which in turn goes into crypto is
you're just a millionaire overnight.
And once you jump in here and you realize what Bitcoin is truly about, you say, okay,
(07:45):
I got to understand the value proposition, this value outside of the system, which historically
is up and to the right in fits and starts.
Yeah, we get the 80% drawback, then you get some massive gains.
But if you're treating it as this great store of value, you'll understand if you're here for two halvings, roughly eight years, you're doing it right, at least that long.
(08:17):
It's not longer.
And it's always a wonder to me, folks, that they'll put money into the retirement account for 40 years and think nothing of it.
But if they're not a millionaire within within a week with Bitcoin, it's a failed project.
So that's I can start it off with that, I guess.
Yeah. How about others? Neil, you care to talk about this a little bit?
(08:43):
yeah yeah um yeah i like the time preference thing too because when you boil it down like it's
it's really just your the the measure of your rational potency like if you understand like
kind of my philosophical angle like if you understand that rationality is our faculty
(09:04):
which perceives and interacts with abstracts the objective order of reality um that's that's like
I don't know the that's your capability that's your uh your strength and if you can see you know
where things are going you're able to uh you know direct your actions to you know you're skating to
(09:28):
where the puck's going to be you know if you can see if you can track the puck you can skate to it
and that's kind of what rationality is it lets you look at the world make sense of it and then
figure out where you want to go. And if you can't track the puck, you'll never catch it.
And you're, I mean, it, I hate the, like, I hate that this word has gotten this, uh,
(09:51):
this negative connotation, but like back to just a strict meaning, like that's just, you're,
you're retarded, right? Like you, you, you lack the ability to where you should be. Like you're,
You're performing at a level.
Development is just like is not is not normal.
(10:11):
You know, it's just like a normal person should be able to look at the economic realities of of their life, see how things are going, see what Bitcoin is, see where it's going and put the two together.
Like, I don't think that you don't have to be a rocket scientist.
you don't have to have a 160 IQ to get this. Like you just, I don't know, just the, I don't know,
(10:35):
it's, it's not that hard. It's kind of just getting over, like they talk about that ego,
you know, like killing the ego. It's just getting over yourself just enough to just,
and see where it's going. And, uh, I mean, I don't know. I think that's kind of just my,
my, it's just like going back to, it's just your, your rational potency. It's the measure.
(10:56):
and if that's not to say that some needs don't have urgency and you have to address them you know
immediately but um i mean again that's still perfectly within those things like if you see
where it's going and you have to act now i mean that's that's still uh coherent that's still a uh
in alignment with these this low and high time preference kind of framework of thinking about
(11:21):
things so i don't know if that was helpful but that's my take yeah i love it uh bfp saw you come
off mute go ahead sir yeah i was just gonna say it uh kind of changes you as a person and it's hard
to say to the normies that you're just explaining bitcoin to but to this group of people it uh
it might resonate a little uh you know you go to the every day that uh misses me and i don't go to
(11:49):
the gym, I feel, you know, a little salty with myself. And, you know, I always put off purchases
because I'm always trying to stack. And, you know, it's, it's just a different way of life
where you're not thinking about, you know, fancy stuff. You're thinking about your future more than
(12:09):
anything. You know, maybe you want to buy land, maybe you want to settle down somewhere in a
different uh city or state with your family or maybe you want to build a family if you're young
so it's it's definitely a changing lens you see the world through and got high time preference
(12:30):
and low time preference when i first read it and uh feyfedean's book i got them flip-flopped because
i have a little dyslexia action going and uh i'd be like i think it's low time preference but now
I got it pretty solid. So it's a low time preference. You want high time preferences buying the Lambos.
Yeah, it's really good. Good comments. And I think it really is this idea of, well, it's a discipline.
(12:57):
Let's put it that way. Did want to welcome a couple of speakers. Jimmy, we have you on a frequent basis.
Wanted to first, though, go to a new speaker in the space. And we always covet the females.
So, True Heather, welcome to the stage. Thanks for coming up.
Hello. Hi. Thanks for having me. Good morning.
(13:18):
Yeah, I thought I'd chime in because here in Calgary, Alberta for the Bitcoin rodeo, my friend Katie and I had a Bitcoin breakfast for the ladies.
and we decided that the only thing we were really going to bring up, because we wanted to hang out
and network and talk and eat and have coffee, more than do some type of presentation that they could
(13:42):
have at the conference or something like that. And so we talked about low time preference.
And, you know, from two perspectives, like one, I'm a career hypnotist. So I think of things like,
I don't think that normal people can sort of make those decisions necessarily because
they're often the result of being hypnotized or like direct hypnosis from programming and
(14:09):
the state continually triggering them to just act out of their discomfort. Like that's years
of programming to just act out of discomfort that could cause someone to, you know, live
in a more high time preference because it's almost like a survival.
(14:30):
And then on the other side, like with the 32 women we had at the breakfast, they did,
they really did like learning that because some of them were Bitcoiners and a lot were
like learning a bit about Bitcoin and they were sort of feeling that, which I felt years ago too,
that took me a bit longer to get in, like just it seemed really technical and difficult. But
(14:57):
actually where they resonated to want to kind of feel that discomfort of learning more about Bitcoin
was by starting to understand low time preference. And I kind of talk about it in a different way
because it's what got me further into Bitcoin.
Like when I first started the podcast a couple of years ago
and started talking more about Bitcoin and healing and consciousness it like I had Bitcoin but I didn really really really step into the full power and my empowerment in Bitcoin until I really understood why I went through the dark soul
(15:34):
dark night of the soul that I did in my own career. So just quickly, you know, like realizing
like as a single mom, having my own full time, really successful hypnotherapy practice and
training practice and just having like nothing to show for it and then working harder and getting
(15:54):
to that next kind of, you know, six figures and then having like the same nothing to show for it
or like the little bit to show for it. And after I'd sacrificed time to firm with my son to be
more successful and just had to pay so much to the government. And so I got, you know, to me,
that hit me before I learned about a Bitcoin in that way and low time preference.
(16:20):
And so I think that the value, especially for like families and women and mothers,
is that you can actually have that time that is so valuable,
not just for yourself and your children, but for society.
Yeah, thanks so much for that.
And sorry you're in such a high tax area,
(16:40):
but it does seem like you're in the freest part of Canada.
So way to hang tight in Alberta.
Jimmy, can you share anything about your time preference as we're going around the horn here this morning?
Yeah, good morning.
Well, yeah, I was actually lucky enough to have a father that kind of taught me an awful lot about investing early on
(17:00):
and how to save money and how not to spend it and always save something of what you made.
But I will say, while it has even affected me more so getting into Bitcoin,
it's really affected a lot of people younger people that have a really instant gratification
problem they want to get returns so fast in this world today and like four to five years is a long
(17:23):
time for them but i now have some big winners that are mexicans that have been in for about six years
and they totally have changed their lives they no longer care about buying new clothes they you know
they're very concerned with stacking sats and i think that's what's amazing about it it's not like
somebody's got a gun to their head, I'm not telling them what to do. They're telling themselves what to do.
(17:44):
Not everybody gets affected this way, but more and more every day and more and more newbies as they get into it and stay in it for a long time.
Like Bobby said, you know, if you've been in it for several halvings, you know, it hurts to sell it at the same time.
You've got to live your life. I went on reasonably long, as people would say in the Bitcoin,
knowing that I would have to sell because I put everything into it.
(18:05):
But same time, I'm building now at a quarter of the price.
And this is something that people don't get is that if you've been in it four or five years, you know, I was going to build at 50.
I waited till 100.
I started building more and now it's at 120.
And every time I get an invoice from my contractor, you know, he's like, what's the price of Bitcoin?
I said, well, you know, it's dipped a bit.
Well, wait, wait for a bit.
(18:26):
He's actually working with me in the sense that he's billing me as close to the cycle when it peaks.
He goes, should I give you a big, yeah, give me a bigger one now.
And, you know, and he's like, what?
And why is he doing this? Because he knows there's more work for him if I can spread my Bitcoin into more pesos.
And we're over 2 million pesos, 2.2, 2.3 million pesos per coin right now.
(18:46):
And it's amazing. It really it just gets cheaper for me to build.
Now, I'll get done with the project that I'm doing this year and I'll have less Bitcoin, but I'll probably have more fiat.
And that's the part that people just don't get. But once you've experienced it, I don't think people need to, you know, a lot of people will wake up to it.
And so I just find it amazing how it does inadvertently change people, even though they're not planning on being or somebody's trying to make them do something.
(19:11):
It's themselves. You know, they're self-motivated. And, you know, not everybody gets it.
But those that do do have a great benefit in life. And, you know, four or five years, 10 years, it's nothing in investing.
I was taught 20 years minimum for retirement and young people think 20 years is insane.
I'm like, well, that's how it works. But now nowadays you can actually do it faster.
(19:32):
So, yeah, it's an amazing tool.
Yeah, thanks for that.
Texas Toast, do we have you back, sir?
Have you gotten your coffee?
I was ready for you this time.
Might have to drop you and have you come back.
You want to try your mic one more time, sir?
(19:55):
No, he doesn't.
Okay, well, awesome.
We're going to continue on.
Would love to hear from you, though, when you can get that worked out.
So one of the things about time preference that I think about a lot, and last week we talked about actually reliability of Bitcoin.
And with time preference, it also gets me thinking of another R word, resilience.
(20:17):
And so when you are concerned with, you know, high time preference things, I think true Heather touched on this a little bit.
But basically, if something comes about that you can't handle, you immediately go into crisis mode.
(20:39):
And so what people who have low time preference tend to do is build reserves.
Now, a lot of you may think I'm talking only financial reserves, but you can also build physical reserves.
So are you working on yourself?
And I think we all know if you ever tried to lose weight or maybe some people's case gain weight because they're they're trying to build muscle.
(21:03):
It takes a long time to get into habits that would allow you to do that.
And it's something that is needs to be sustained. Right.
And then the same thing goes for emotional reserves. So have you conditioned yourself emotionally? And so what I wanted to do in this segment of the show is just see if anybody wants to chime in on any of those things.
(21:28):
So we got finance, building reserves and finance.
Obviously, Bitcoin is very well related to that one.
But then there's also, like I mentioned, building reserves physically and emotionally.
And so I think I'd like to hear from the panel if anybody wants to touch on these things.
(21:48):
I don't want to have to play the cricket.
So hopefully.
Can you hear me?
Oh, yeah, there he is.
Dude, it's crazy.
It's a meet the teacher day.
So a lot going on here.
Take it slow.
Take it slow.
Take it low, man.
It's all good.
Just chill out.
We'll get you back.
Oh, geez.
(22:08):
No, not right now, bud.
But, yeah, I mean, it's the perfect savings mechanism.
It forces you to reframe your life in a lot of ways.
The more you know about the network, the 10-minute blocks, the four-year cycles, you know,
It forces you to think about what the world will be like in those different time periods.
(22:34):
It's an interesting mechanism.
It creates an internal clock for you almost that you can kind of set financial goals with and look out into the future.
where I don't think any, if you didn't learn that growing up from your parents, it's really hard to,
to grasp, um, you know, how you can save for the future and do all these things. But,
(22:54):
you know, this is a different kind of monetary asset that reflects in that way. Um, and so then
you can, you can pay for things, you can save for things, um, and keep them in self custody with
reserves. You can, you know, have a rainy day fund. You can do all these things and it, it benefits
your life immensely, um, in the long run, but that's all I got. I'm probably going to get
(23:21):
interrupted by kids anyway in a second, but thanks for having me on Bob. The best teacher, Texas toast
is you and your wife. So you should meet your wife today. It's a good teacher meeting day. Um,
No, it's fun when school starts. Good stuff. So feel free to drop down if you need to. But hopefully we can keep you for a little bit longer. So, yeah, others. Who else? I think we have some requests. Neil, I see your hand back up. What say you?
(23:52):
yeah i uh wanted to chime in on that uh the idea of like the different types of reserves and like
with the mobility and you're like your physical reserves it's like that's uh i mean that's such
an important thing like uh when i got out of the military uh i like you know tweaked my back and
(24:16):
that just I could barely like jog, you know, halfway down the block without it just seizing up.
And like I heard it just like doing a simple little like warm up, you know, like it wasn't even heavy or anything crazy.
And it's just because, you know, the way that I had been training, I had been degrading and running out of those reserves and reserves.
(24:42):
and just I had such a little margin to, you know, where I could actually function that the tiniest
little thing sent it over and it just broke me. And it's like, so I've been on this like complete
mobility kick, you know, since like five, six years now. And like completely like, I mean,
I feel younger today. You know, I rolled my ankle the other day too. And like, it didn't,
(25:11):
it wouldn't have even like before it would have been like a big deal.
But like, since I've built up all this flexibility and strength and mobility,
like you just kind of take it.
And it's like, you see that with old people too.
Like, why is it the fall?
You know, because like, they just have no, they have no margin.
They've ran it out.
(25:31):
They've ran it out.
You know, it's just like with your diet and your, you know, your diabetes and,
you know, obesity and all this stuff.
like you're just putting more and more stress on your system and like you get by and you get by
until you don't. And like, once you run out of the reserve, once you run out of margin, like you
have no air. And, uh, I don't know, that's, that's what, that's literally all my wife sees in her,
(25:56):
uh, in her job is just like old sick people that have just, they've lived their entire life,
you know, unhealthy. Um, but it works, you know, it gets them by, but they, they just,
they run out of that margin, they run out of that reserve,
and then the tiniest little thing, you know, breaks them.
And great point.
(26:17):
Sounds like you had a couple too many helicopter landings.
Some rough landings, huh?
Yes, sitting in the cockpit doesn't help.
Just bringing someone else up here, I think.
But Heather, go ahead.
I see your hand.
thanks yeah great points neil too i was thinking about that in terms of emotional
(26:43):
and even metaphysical reserves and physical because in traditional chinese medicine you know
they'll they'll talk about the qi which is the life force and it's really the one thing that you
just can't get back like your body can heal your cells are already healing but if you
if you exhaust all of your chi and you're never replenishing you know you're not using that energy
(27:08):
with um well we could even say with honor then it's just going to drain out and and you know
not everyone has necessarily the same amount of chi or the same amount of life force energy but
there's absolutely things that we can do uh to store our health so so i love that conversation
(27:28):
And, yeah, people might be able to keep going into an older age, but are they really mobile?
Are they really well?
Are they really healthy?
Yeah, so what would you guys say to people who are maybe just coming to this conversation and saying to themselves, what are they talking about?
(27:51):
I get the gist that, you know, we need to build reserves.
but like how, how do, how do I do this? Like, is there,
is there certain things that you guys have learned? You know,
we got a good panel up here.
And so want to try to get this out of you guys. Like what are the,
for the audience, for the listener,
(28:11):
what are the things maybe that you have personally been able to work on or are
still trying to work on and what things like,
where have you found success or where have you maybe failed and need to keep
working at it?
I can speak to this.
(28:33):
I would say, first of all, it starts in the mind.
Like it really is a mindset shift.
It's really just if someone isn't set in their mind, then it's really hard to make change.
Like, you know, people will come to me and say, OK, I want to eat better or I want to save money or I know this isn't the right way.
But if they're not really sold in their mind that it is the best way or it is what's going to bring them health, they won't try it.
(28:58):
Just like the same with money.
Like I'm sure everyone listening could know someone who's just like stubbornly not doing something for themselves or for their health and they can't understand why.
but if it doesn't start in the mind so I would say first of all just like really find the reasons
for yourself in your mind why it would be better to you know store health or store wealth and I
(29:22):
think you know for me I've done that for years with cleanses and detoxes and and uh you know
staying healthy but staying healthy physically does involve staying healthy mentally so take
care of your mind, take care of your, you know, do whatever you need to get clear in
your mind.
Maybe that is just like walking or meditation or writing or even just simply being quiet
(29:47):
with yourself.
And then it becomes really easy to just take those next steps that maybe there's some
resistance to being healthy or even buying more Bitcoin or saving, stuff like that.
Yeah, thanks for that.
Wanted to welcome 23 Skidoo to this age, but go first to Pubby.
(30:09):
I have a sneaking suspicion I know what you might be talking about.
Go ahead, sir.
Yeah, I'm not sure.
I would say this.
The first thing that brings people really into Bitcoin, most of us, was number go up.
What I found was it was like the first honest thing that I had seen in some time in this world.
(30:30):
something that truly gave hope, like this thing that isn't just controlled by the system, so to speak.
And you can, you know, as we say, don't trust, verify.
But that feeling of wow this is something that is very valuable something I can control And there something wrong in the world And you see this all the time And you go to a Bitcoin space and you talk about the technicals of Bitcoin Sometimes you talk about in the bond market and all this
(30:58):
The money's just one side of it
because Bitcoiners I found to be true seekers.
And they said, well, if I found this, okay,
I found this cool thing
that can provide generational wealth way down the road.
What else is true out there that I can incorporate?
And you'll see people that you need to go,
You'll have Bitcoiners that just do a meeting or a space just on, like you say, the health, the diet, the exercise, the spiritual side of things in life.
(31:24):
So Bitcoin is like this sort of gateway down into all these different rabbit holes, but it comes down to this seeking for truth.
And you'll see it the longer you stay.
And you build those reserves and you notice like, man, the longer I'm here, the longer I want to stay.
And it's a great feeling to have.
yeah thanks for that let's see i think we have uh yeah towels up here good morning sir
(31:49):
again 23 skidoo and i think i see jimmy's hand go ahead sir
well i didn't even see my own hand go up but uh yeah i i was just going to say as far as the
health goes um yeah i've been working hard on my myself i have a severe disease and so i got into
keto and i got into this all because of bitcoin after getting into bitcoin listening to tone
phase and safety and i talked to safety about being a carnivore and i'm not saying everybody
(32:12):
has to do this but i will say that if you have diet problems issues even mental um you know
getting your health back is incredibly powerful and what's interesting is i don't go around
professing this i talk more on spaces about it but i tell people you don't have to you know do
what i do i'm just saying you got to look at how you're eating and so as an example i've had several
(32:33):
people completely go into carnivore and pedo because of me and i never talked to them i mean
And in many cases, I didn't even ever have a conversation with him.
I go, well, why do you say I did it?
It's just because I see you in better health every time I see you.
This contractor that's working for me, he's a few years younger than me.
I move much better than he does.
He sees my hands are all twisted, and he's looking at me going, I don't get it.
(32:54):
Like, you move around like you're, you know, a kid.
Like, you're trucking all over the place, and he can't walk that well.
And yet there's no reason for it.
So yesterday we had this conversation, and he starts asking me about my diet.
He starts asking me.
He's already into Bitcoin.
He's already completely wanting to get paid in Bitcoin.
And it's just interesting to see as people get into the wealth, then they want their health.
(33:15):
Not always, but I know Pubby and other people that have changed their lifestyles.
I have radically. And it's interesting because nobody's got a gun to our head.
It's a choice. And that's the only way change happens.
One is by looking at other people's examples we learn from.
And then the other is to do it because you want to do it, not because somebody is telling you to.
And again, it's just amazing to me how it changes time preference and it changes people's interest in their health.
(33:41):
And it's a personal choice, you know, and that's really incredibly powerful.
Yeah, you know, I'm reminded of Texas Toast when we talk about self-custody for Bitcoin, that it's radical responsibility.
And this applies, I think, to these other things that you might start addressing as your time preference changes.
(34:03):
and so uh but i did want to go to 23 skidoo thanks for coming up and i see your hand go ahead
hey good morning everybody another great show um yeah just you know like you said if there's new
people in here i'm just shedding a little light my experience with it all is um i'm 57 now i never
had a penny of retirement before bitcoin never had a penny i mean of course you know where i was in
(34:29):
life. You might say it was a little harder being a tradesperson hand to mouth, but that's no excuse.
And Bitcoin has proven that because since I discovered Bitcoin and switched to the low time
preference and the conviction mixed with also kind of always having a perspective that our whole
(34:51):
financial food system, governance system, everything is a house of cards. It wasn't
hard for me to gain a really strong conviction. And now I have, you know, a decent amount
of Bitcoin in my perception to hang on to, retire on and hopefully pass on to my kids.
(35:13):
And in terms of reserves, yeah, I've always been a bit on that kind of prepper-ish side. So
Bitcoin didn't change that in me. It's in fact why I found Bitcoin because I was already wired
that way to see things and uh you know i do things like buy a third of a grass-fed cow where i live
and put it in deep freeze and teach myself gardening and do stuff like that 57 i just did
(35:37):
a 300 mile bikepacking trip by myself through southern colorado stay strong stay healthy and
like that our lady here who's a hypnotist understands man you have got to believe you
are strong and you are powerful and you are capable because i know people that are 41 who
have given up on things like hiking and playing things because they think they're too old i'm
(36:01):
just dreaming of where i want to ride my bike at 57 yeah except for canadians they can't hike anymore
not sure if you heard well since you're derailing us uh go ahead explain that to the audience so
they know, but it is kind of wild.
Oh, no. I think was there a
$25,000 fine they put in
(36:22):
certain areas. I think we'll see
what Nova Scotia and New Brunswick
for anyone hiking or
fishing, doing
anything outdoors related, which
I don't know, may make you healthy.
This is the world we live in.
During COVID, I assume
you mean. During COVID?
No, right now. Now, now.
A week ago. Even on your own private
(36:44):
property. Even on your own private
property to what end for for forest fires and climate change so if you have the climate change
vaccine then you can yeah right of course that makes sense not it is a wild world for sure
tau uh thanks for coming up sir and go ahead hey good morning um pretty interesting topic
(37:10):
I do have something to speak about on this point.
So I think physical reserve, it's a little similar to a mental reserve.
It's a little bit similar.
I think physical reserve is probably the most important thing
(37:31):
because without physical reserve, all the other reserves are useless.
You're not going to be able to take advantage of whatever reserve you have with the other ones or how much of you have with it.
I'm just going to speak to my experience.
Most of you guys are aware that I've lost function of my left hand.
(37:55):
And so I've gone through the challenge of the sort of physical reserve, like maybe dwindling a little bit.
And it's been about, what, 14, 15 years.
And so through that experience, I've learned a lot.
(38:16):
So I've learned not only that physical reserve is so important, it also challenged me mentally.
How do I refocus? How do I continue life in this new light?
And, you know, it took some years to kind of gain that sort of motivation and confidence back.
(38:40):
And so if you didn't have that sort of motivation, you're not going to be able to kind of just persevere and continue.
So to me, after everything that I've gone through, you know, I treat physical reserve way more important than anything else.
Like, I have Bitcoin. I have my finances. Everything's in order. Everything's really, really well.
(39:06):
But even with that, I use this sort of like experience that I went through to say, hey, you need to take care of yourself physically.
and you really need to be mindful about that.
The great thing about Bitcoin is
it kind of gives you a sense of responsibility
because I think when you started learning
(39:26):
about all the different aspects,
you started to be more responsible about your finances
and I think that sort of responsibility
is a little infectious
and so you start to think about,
well, what else can I be responsible for?
and it actually gotten me to look into the foods that I eat
and then also like actually taking a serious look at, you know, your age and, you know, your physicality
(39:57):
and knowing that as you age, that physicality will also slowly go down.
And so that maintenance you're talking about, that time preference, low time preference,
you can't expect to go and exercise and oh next month you're going to be in shape you're going to
be healthy that's one of the things that's very difficult for people because they feel like okay
(40:21):
i'm not getting any results i've been you know doing this for let's say two months and even
though they've gotten a little bit results you know they're expecting all the results of five
years later or something like that and so there's that part where you have to be very
low time preference, right? Be patient and be proactive to continue to work on that physical
(40:44):
reserve and add to it. Recently, I started this sort of journey by almost two years ago.
It was the most difficult thing because I haven't really been able to do any sort of like
a strenuous exercise and I would lift plates that were just like very, very lightweight,
(41:08):
like one or two at most.
This was two years ago when I started out, you know, taking seriously my physicality in
the gym.
And not only that, but my muscles, because they were not used that often, when you don't
use it right, it's tightened.
And so when you stretch it, you know, in a very, very long time, it's painful.
(41:34):
You know, you slowly take time.
And so what I'm saying is after like two years, you know, I've changed physically.
Like it's been like a tremendous sort of like feeling mentally, right?
So physically, you feel confident, you're looking a certain way.
And then mentally, it also makes you grow.
(41:55):
So with all of those things, you can do anything.
You can be Superman if you really wanted to, but it's that dedication that you're going to need.
So to me, I think once you have that physicality and good mental mindset reserve filled up really well, I think all the other things can come in fairly easily.
(42:16):
That's all I have to say.
Yeah, thanks for that.
I was also thinking, like, as you're talking about how a lot of times we when we talk about Bitcoin adoption, we say, hey, people are going to have to feel pain or they're going to have to have a wake up call.
And it sounds like for you with the physical side of things, you had that wake up call with your injury or your loss of the use of your left hand.
(42:45):
And so I think that's an important lesson for us that maybe if you can find some of these things early enough, you can protect yourself from these things.
And then, as I was saying earlier, it's not this panic mode or this, hey, I'm running around to try to fix this crisis.
(43:07):
And so this, guys, I don't want this topic to be judgment for anybody, but hopefully it's resonating with some of you.
in certain areas. I think we all know we have things to work on and none of us are perfect.
But yeah, Heather, I see your hand again. Go ahead. Yeah, that's such a great point because
pain is the indicator of something being off, something being out of alignment. And if we're
(43:33):
thinking about low time preference, being really in alignment with health and self and value and
like self-value and even purpose. Pain is so important, you know, because, and again, no
judgment to anyone, but if we, as soon as you start, stop like doing anything that's just numbing,
(43:58):
like if, you know, a lot of our world, especially Western world is taking pharmaceuticals and
pharmaceuticals can very, be very good at masking pain. And as soon as we stop feeling the pain,
that motivation is different. You know, I've had a lot of people over the years come to me to
try to be motivated or Heather, tell my brain this and make me do this. But what I found is like
(44:23):
when they weren't feeling the pain of the situation, when the pain was being numbed,
or even just like when we think about the quick dopamine of high time preference, like get that
instant gratification, get those legs, get that, get that, whatever it is, all of the dopamine that
we can get and then we could bring in fiat food into this conversation too because it's like fiat
(44:46):
food and fiat meds and all these quick fixes what they can be really great at is numbing pain or
distracting us from the pain and the pain is the teacher the pain is the pathway to that alignment
to being healthy, to having the stability to slow down, feel something, and make a decision
(45:12):
that is going to be valuable for your future and your health, et cetera.
Yeah, I think it's like this consciousness, right?
This level of consciousness and almost like people, because we're so high time preference,
just as a society, people are just conditioned to not really try to feel anything. So whether that's
(45:36):
through, you know, pharmaceuticals, the mascot, or just people, you know, being in the rat race,
as we talk about, or the hamster wheel. And so I think that, you know, unfortunately, for a lot of
people, it is that cataclysmic event that does wake them up. And for some people, it's too little
(45:56):
too late. And so my hope is through this conversation that people start analyzing certain areas of their lives that they know they need to work on.
Set a plan set a goal get disciplined and start working on those things before Yeah Before it is too late or you have some sort of event Jimmy i see your hand go ahead sir i was going to say real quick that um yeah getting into bitcoin what i seen
(46:22):
is that people um and not in all cases by any means but health-wise it seems like once they
understand money is a problem and has been a problem by the governments many people start
to question everything about their government including medical um you know during covet i saw
an awful lot of people that just accepted everything they were being told but then i saw other people
waking up to it going, I don't buy it.
And it's interesting how many more Bitcoiners, I feel,
(46:45):
were the ones that were like, I have a critical thinking, I don't buy this.
And it's like, why do they question it?
Well, they've already learned to question the money,
and it seems to be they start to question health.
And I've got friends that are boomers that are taking 20 pills a day,
and they're victims of life.
They feel they have to do this for the rest of their life.
I've had friends, several, get into keto and completely drop their medicine,
(47:05):
such as I've done.
And they're just like, oh, my God, I had no idea.
I know you get into taking medicines on top of medicines and they get so their bodies are so messed up that this is what Michaela Peterson point is.
It's not about being carnivore. It's about cleaning out everything, eliminating diet so that you get down to what is affecting you.
And I've watched people get off of anxiety medicines, cancer medicines, statins, all kinds of shit.
(47:29):
And it's just because they take an initiative and they question their doctor, they question the medical.
And, you know, Bitcoin is what gave them that confidence to start looking at life more critically.
So, again, it's not anybody having a gun to their head.
It's them waking up to it.
And I think that's what's really powerful about Bitcoin.
I agree.
And I don't want anybody to feel like we're standing up here on our pedestal.
(47:52):
Again, everybody's a work in progress.
We all have to work on ourselves.
And hopefully this spurs you along.
You know, you hear about these things.
It's like, why are we in these spaces?
Well, to educate.
But we also want everybody to win.
And whether that's your stacking goal, your health goal, your, you know, if it's physical or it's your emotional goals.
(48:16):
But one thing we didn't touch on, maybe we can for the last 10 minutes.
We don't have to go here.
But a lot of people you find in the Bitcoin space, because they are assessing these different things, have discovered spirituality.
Maybe some of them have found God.
And so I wonder if anybody on stage cares to share or if you've noticed trends, we haven't really talked about the spiritual side of, you know, time preference, but maybe just maybe Bitcoin is something that frees up people's time because they've found some wealth and some freedom and some knowledge and some wisdom.
(48:56):
and they've been able to explore that where otherwise, because they're in the rat race, they haven't.
And so just curious if anybody on stage wants to share or if you've noticed the same thing.
Well, I guess I'm the only one.
(49:17):
It's a godless face.
No, no, this is my favorite topic.
I'm letting other people talk.
I will say one thing real quick because I know Heather can go knee deep in all of this.
I will say, and as I said earlier in what Jimmy had talked about, people come out to find a truth.
Well, Bitcoin is the first one.
(49:38):
What's in this vaccine, for example?
Just asking the question.
And I think with Bitcoin, well, there's something wrong with the money.
What does this outside world want from me?
And every way you turn, it's usually they want some sort of money from you, right?
This is why they post everything is get rich quick, lose weight quick.
Everything is quick.
Just give us money.
(50:00):
And what started out with crypto early on was always about the Lambos, right?
Everyone, I just want a Lambo.
What you found are the Bitcoiners that turn to truth is a simple life.
They don't want Lambos.
You know what they want?
They want to go off grid, have a homestead.
They want inner peace. They want a simple life. Well, not simple. It's simple in the sense that it's not dependent upon everyone else, but just on themselves and their family.
(50:28):
And I've noticed that, you know, just even with me was the simplicity and the peacefulness and not listening to everything out there.
And there's a lot of time you'll find people are in these spaces because you want you want to hang out with people with that like mindset.
And this is what you're going to find here. You're going to find the same mindset between everyone.
And you can look to find God as you wish. That's up to you.
(50:51):
But that inner peace from this hectic world that always wants something from you.
Yeah, I found that here so far. Yeah, it's really good.
And I do think, you know, for some people, they're just going to tune out on this topic.
But, you know, it's like, hey, you know what, if you're ripped and you've been, you know, taking care of your body,
(51:12):
And you're, you know, over a certain age, you probably are like, man, what are these people talking about with this physical stuff?
Well, I'm glad, you know, I'm glad for you.
Maybe there's other things you need to address.
And for some people, they're like, no, I've totally written off God.
I've been harmed.
I have, you know, problems with that.
And I'm going to I don't want to listen to this.
(51:33):
But I think it's fair to bring these topics up because, again, as you zoom out, I think we can see the trends.
And it's interesting to me, you know, one on a personal level, but also just the trend of what I see.
And again, maybe I'm wrong, but it just seems like Bitcoiners are at least willing to explore this topic along with others.
(52:00):
And so I think it's reasonable to bring up here at the end of this time preference topic.
And yeah, Heather, I'd love to hear your thoughts on this.
Thank you. And thanks, Bob. You're a great host.
Yeah, I think that, you know, I was listening to Eric Kaysen on the value of transformation yesterday, and he was talking a bit about how he came to God after Bitcoin.
(52:25):
And I've seen that a lot through, you know, just following being a part of Bitcoin X.
And, you know, I think it makes sense that Bitcoiners then find the divine because once they get into, you know, once you heal your relationship with money, you shift your consciousness from survival to creation.
(52:46):
And Bitcoin is a teacher in seeing money as energy.
And then as soon as we're in that space of creation, then it's different because a clear mind is an open channel. It gives us what we need step by step along the way to get to health, to get to alignment or success or whatever we want to call it.
And so when we're talking about the energy that creates worlds, you know, the energy of life, and actually this is kind of a good little bow coming back to energy from this way that we could exhaust ourselves trying to live in a system that does not have our health and abundance at its heart to moving away from that system and listening to ourselves, listening to our inner wisdom, which is also,
(53:36):
our connection to consciousness, to creative consciousness. And, you know, a lot of times we
could say that hope is a part of this Bitcoin ethos and even the low time preference, but
spirituality is really about trusting that everything that is happening is for you and for
your highest good. And so it all wraps up perfectly because in that low time preference,
(54:02):
You can really, you know, have that energy and connect to life force energy or source energy and, you know, find that sovereignty through your own inner wisdom.
And I think that's really the answer.
You know, people are just outsourcing their authority all the time, which is also causing like a disconnect, which also can cause illness or we could say dis-ease.
(54:25):
And so the aspect of really listening to your own innate wisdom while being open to the creativity of consciousness will always end up in health.
Yeah, thank you so much for that. And we are coming to terms yet. Did see Tao raise his hand? Want to give him another shot at this?
(54:47):
yeah you guys were talking about like spirituality and i just want to say i think people
they don't look into spirituality early enough i think people think like they still have time
or they don't look at it until um you know they have some sort of life-changing
(55:07):
uh event that causes them to explore deeper uh or or they're getting older and you know they're
getting to the end of the line,
the age that's close to the end of the line,
then they start to look into spirituality.
And I just think that's a mistake.
That's a mistake.
Because if you look into spirituality right now,
(55:31):
I think it lays out sort of a roadmap
of maybe how to live properly and happily.
I think it gives people a sense of peace.
right you know amongst this chaos that that they live in with this worrying about work
worrying about appointments and emails and this and that and and it's just you know they they seem
(55:57):
so like frantic and just seem like there's so much pressure so i think if people look into
spirituality um early and ahead of time it helps them you know balance a lot of things it helps them
grow and everything.
And then throughout the whole time, they'll be
going through it in a calm,
(56:19):
peaceful way. So I just think
spirituality is such an important thing
that people are missing.
You know, one of the things I was talking
to, I was
making a conversation
with a very old lady and I was
asking her,
she's probably like
80 by 90 years old, very old lady,
a delicious food company.
(56:40):
And I asked her, you know, if you
had
one words of wisdom,
right?
Since you're older, I was kind of
saying that, say, if you had words of wisdom
to kind of give to the younger
generation,
what would that be? And she said,
and it kind of stuck with me, she said,
make spirituality
(57:01):
the center
of everything, and
everything will fall in place.
And that really hit me, because, you know,
I've gone through many spiritual phases throughout my life.
And I just remember during those times, yeah, things will come around.
Things will come along.
(57:22):
But while it's developing, it's very peaceful.
It's very calming.
And so I think, you know, people should really look into it more earlier than waiting forever.
Yeah, I think it's true with all these.
Jimmy, is your hand still up, sir?
(57:42):
I'll let you go here, and then we'll close us out for this morning.
Yeah, I'll make it real quick.
I'm going to go get watering plants and whatnot.
But, yeah, a yogi told me many years ago when I was practicing meditation and kundalini is everything is based in love and fear.
All emotions come down to the root.
And I've meditated on that for years, and I find it to be very true.
And what I'm seeing with Bitcoin is people get into Bitcoin.
(58:04):
Not everybody does this, but as people do, and they feel better about themselves because now their time preference is changing because they have done it.
They can pat themselves on the back and feel good where they haven't been feeling good.
They've been in fear.
They're fear that there's not enough.
There's fear that they're not good enough.
There's fear of failure.
All these things that happen to our confidence levels.
And it's people literally just become victims and just accept life as it is.
(58:27):
But when you get into Bitcoin and you do get the different time preference, you begin to love yourself.
You begin to love your life.
You begin to eat better.
And when you start caring and that you start to really live in a different space.
And I believe that's why people end up becoming more spiritual in a lot of ways, because they start to realize we are all connected.
And hate is based in fear.
(58:47):
And I've lost a lot of my hate.
I'm not happy with the way the world is, but I don't hate everybody for it.
I look at it as well.
It has to happen.
Unfortunately, there's going to be people hurt.
I want to help those who want to get help.
But if you can't, you can't help people that don't want help.
Right. And they're not there yet.
But what's interesting with Bitcoin is, again, nobody's got a gun to anybody's head to change their life.
Some of us have chosen to.
(59:09):
And then we receive reinforcement from doing so.
And all it does is, I believe, is making us love ourselves finally.
I mean, literally love who we are, even though we're all fallible.
We're all I'm no perfect person by any means.
But at the same time, I'm way happier with myself than I ever have been.
And part of it is because of Bitcoin.
And then I got on the health kit and then I feel better.
I have more energy.
And it's just one begets the other.
(59:31):
And that's what's really cool to watch is how it happens just inertly.
You know, not everybody gets affected this way.
But the fact is many people are affected.
And I think it comes from the fact that they're no longer living in fear.
Yeah, I really like that.
It's a good way to close it out.
I do think, obviously, we all have different things to work on.
(59:52):
And it does take self-responsibility, but, you know, there's that old saying, show me your friends and I'll show you your future.
Part of the reason I do these spaces is so I can get encouragement and encourage others as well.
Like I said before, I want everybody to win.
And, you know, I'm not sure if I buy the whole idea of you're the average of the five people that you spend the most time with.
(01:00:16):
But I do think that coming into these spaces, we should use them for good.
And hopefully we did that for you this morning.
Hopefully you enjoyed the conversation.
Really appreciate all the speakers.
Please do follow them.
If you're someone who listens frequently, thank you.
And we do this every weekday morning at 10 a.m. Eastern.
(01:00:38):
If this is your first time, we'd love to have you back.
And we're going to call that a show.
Whether you're a veteran or not, please visit BitcoinVeterans.org.
And if you're interested in the second annual summit,
BitcoinVeterans.org forward slash summit 2025.
That's all I have for you today.
(01:00:59):
I hope you have a great Wednesday.
And remember, whatever you do, please do not shit coin.
It's like wearing cutoff jeans to a funeral.
Well, people that use fiat currency as a store of value, we call them we core.
(01:01:30):
We call them we core.
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