BITCOIN ALL TIME HIGH LIVESTREAM / RANTS ABOUT COMMUNISM

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:00):
Let's see, what are we at right now?

(00:08):
All right, 124, what is this?
124.91.
What's the all-time high?
It's like 124, let's see, 124.128.
Does that sound right, guys?
I'm honestly not sure.
that's what I'm being told is correct

(00:30):
we shall see
we shall see
this is weird to be on here with just me
to be honest with you
I'm not, I'm honestly just not used to this
it's not my usual vibe
but I don't know
wife's asleep
son's asleep
figured, you know what
let's just go ahead and do it

(00:51):
let's just hop on the live stream
I've had a couple of Miller Lights
I'll have a couple more
So cheers to you guys if you're out here on a Saturday night like me as a, you know, well, you don't have to be a father to be having Miller Lights on a Saturday night, but I sure am.
So, all right.
Are we going to pass the all-time high tonight?
Does any of this actually matter?

(01:13):
The obvious answer to that is no, it does not.
It does not matter at all.
We are measuring this in fiat cuck bucks, but God, it sure just is fun to measure in fiat cuck bucks.
but we had 124,000 050 fiat cock bucks per Bitcoin.
That's fun.
That's a lot of cock bucks, right?

(01:34):
It's wild.
I posted this, posted a video maybe yesterday or today
about a prior, an older song Carla had done.
Let me see if I can pull this up right now.
Basically, it was, so it was like The Chain by Fleetwood Mac,
But she published this when, oh no, sorry, wait, she published the chain. Hold on, wait, which one did I publish? She just reposted the chain by Fleetwood Mac. She did. Hello, 19, my old friend. So she put this song out when Bitcoin was at literally $19,000.

(02:12):
and it's wild because like carl and i had both bought up to the absolute tippity top of that
like sick i think it was like i believe the top was like at 69k like i'm pretty sure i bought like
the the most tippity top that you could possibly buy of that bull run right before everything came
crashing down to all the way down to like 16k and then if you guys remember for anyone that was there

(02:36):
bitcoin was just hovering around 19k like it kept going back 19k was a magnet at that time it was
like it wasn't the 58k it was 19k for a super long period of time 19k just kept pulling us back to it
over and over again and so like carla just one day starts like singing like you know like
uh like hello 19 my old friend and then she made a whole song out of it it's fantastic but it's

(02:57):
just wild that that was over a hundred thousand fiat cock bucks per bitcoin difference than what
we have in the fiat cock buck per bitcoin price today like that's just insane because carla and i
haven't been in Bitcoin very long in the relative scheme of things.
Like we've both ignored Bitcoin for more years than we've been in Bitcoin,

(03:18):
which is just kind of like a wild thing to think about. Like I ignore,
I think I first heard about Bitcoin in 2014 during the Silk Road days and
obviously like ignored it at that time.
And then it literally took until 2020 for me to finally pay attention to
Bitcoin after being a complete retard and buying a little bit of Litecoin in

(03:43):
2017.
Cause I literally didn't realize you could buy a fraction of a Bitcoin.
Like I thought I was like,
I don't have cash to buy a full Bitcoin.
What the hell was by one of these Litecoin things.
Maybe this Litecoin will get up to what Bitcoin is someday.
Obviously not.
I think I,
I sold it a few years later,
like still like at a loss for what it was like,
what a just embarrassment.
But that's why I'll never,
I always try to lead with empathy with people because I was literally that

(04:07):
person who didn't realize that you could buy a fraction of a Bitcoin. So I'm never going to judge
somebody for thinking that you can only buy a full Bitcoin. Like I feel you, man. I was there.
I was that retard too. We were all that retard at some point, but yeah, it's wild to think about
the fact that Carl and I have literally been ignoring Bitcoin longer than we've been in

(04:30):
Bitcoin. I'm looking forward to that flipping at some, I mean, I guess that's still like over a
year away before that flips. But until then, yeah, it's a good reminder that like, man,
you do need to stay humble, right? It's important to remember that we all start from a point of zero

(04:50):
knowledge. Like Satoshi is the only person who started from a point of greater than zero
knowledge. All the rest of us start from a point of zero knowledge. And some of us catch on quicker
than others. It took me a really, really, really long, embarrassingly long time to catch on,
but I finally did. Then eventually I started a Bitcoin podcast. Now here I am rambling to you

(05:11):
on a Saturday night while my smoking hot wife and son sleep peacefully in the, in the floor below me.
And you too someday can have a smoking hot wife and a son sleeping peacefully below you as you
ramble on a Saturday night about Bitcoin as Bitcoin's about to break an all time high.
so here we are we're at 120 i i honestly i fucking hate talking about price i just hate talking about

(05:37):
price i think if price is the most boring aspect of bitcoin but it's also not right like price is
also fun seeing that number go up in fiat cuck bucks is fun and if you try to pretend like it's
not you're just a liar so i'm not trying to sit here being a liar it is fun to watch that price go

(05:58):
up. But it's important to remember that that's just a made up imaginary number. Like Bitcoin hits
omega candles regularly in Turkish lira because the Turkish lira is just a giant shit coin.
The US dollar is a shit coin as well. It's just less of a shit coin than the lira. It's like the
US dollar. I have to think about it like this. The US dollar is like the skinniest kid at fat camp.

(06:21):
Like the US dollar is still a fat fuck. Like it is still an obese piece of shit. Not that everybody
who's obese is a piece of shit. Don't come after me with your pitchforks, but you know what I mean?
Like I used to be a bit chubby as a kid and I got over that shit, right? Like you don't want to be
chubby, work your way out of it. Go sweat, go work out. Okay. Moral of the story. Ghost Dollar

(06:42):
is the skinniest kid at fat camp. Like all the other kids are really fucking fat. Like the Turkish
is a fat, fatty fuck. And man, it's insane. Like I admire the Turkish people so much. I admire people
who, and this is like most of the world besides Western nations, I admire people so deeply who

(07:03):
are actually able to live through just brutal, brutal, brutal inflation, hyperinflation.
And they still just keep going on with their lives. They still somehow keep producing value.
They keep running businesses like to run a business when your currency is hyperinflating
or just going through strong inflation but not hyperinflating.

(07:27):
It's insane.
You have to make adjustments literally constantly.
If you're running a business in Turkey,
you need to make adjustments literally constantly
just to deal with the rate of inflation.
That is insane.
Every couple of months, you need to be making adjustments.
If you're paying people, you need to make adjustments to their salaries.

(07:48):
You need to make adjustments for your own expenses from your suppliers.
If you're buying anything from anyone, which if you're running a business, of course you obviously are.
You need to be making adjustments constantly because the money is so unsound.
The money is so incredibly broken that you cannot possibly, you cannot even imagine that it retains its value.

(08:12):
how are like the fact that people still run businesses in hyperinflationary environments
is a testament to the human spirit it is a testament to the fact that no matter how bad
central banks and governments rat fuck us as citizens the capitalists still win we try to
anyway like it's really hard like imagine a world in which the central banks and the governments

(08:32):
are rat fucking us to death what a world that would be right oh man i don't know moral of the
I have just such incredible respect for people that run businesses in hyperinflationary environments.
Like, it, goddamn, it is not easy.
It is really not easy.
Okay, guys.

(08:52):
Let's see.
What are we at?
1, 2, 4, 0, 8, 8.
I've got this real fancy trading chart here, right?
That makes me seem like one of those cool traders, one of those short sellers or something.
What's the name of that guy?

(09:16):
It's not his fault, but he's got a very thinning hairline, and he's constantly trying to short Bitcoin.
And he's somehow just like, he's like the Jim Cramer of Bitcoin shorts.
I don't know.
It's just incredible.
All right, let's see.
Let's see.
let's see what else we got going on here all right and for anyone wondering this uh
oh hello to everybody on noster monitoring the situation woohoo aloha is hello fancy bitcoin

(09:44):
podcaster ug what's up beef toshi how you doing you know i appreciate the folks on noster so much
because i know that if somebody is watching this show on noster right now
you are a seriously motivated individual like you are an individual who is genuinely like you're

(10:05):
you're you're getting more than your 40 hours per week of bitcoin in podcasts like you're probably
getting let's be honest you're probably getting more like 60 hours per week like you are an animal
of bitcoin podcast consumption and i i just respect that i respect the hell out of that
nine nine it's so boring but also so fascinating to watch the bitcoin price

(10:27):
it's one of those things where it's like i don't know it's it's quite tedious to just watch it but
somehow it's also like the most fascinating number that you could possibly imagine like it's it's
literally showing you in real time how the fiat world is being demonetized like the repricing of

(10:49):
the fiat world is happening in real time before your eyes. And so on the one hand, I'm like,
God, I'm bored by the fiat price of Bitcoin. But on the other hand, I'm like, boy, I am fascinated
by the fiat price of Bitcoin. What a trip. What an absolute trip. Let's see more of it. You guys,

(11:10):
it's weird for me to be on the stream by myself, by the way. I'm not used to that. I'm used to
asking someone questions, being able to riff off of somebody.
I hit up Tatum Turnip, or as he's saved in my phone, Twatum Turnip.
I hit him up earlier.
He's apparently out living his Gen Z life right now.

(11:33):
If he sees this later, Tatum, just know that I gave you a chance and you spurned me.
You absolutely just wrecked me, son.
But that's okay, I'll forgive you.
so now it's just me and the question is guys i mean ultimately like what do i talk about honestly
i have so much respect for the the streamers who literally just go out there by themselves

(11:56):
every damn day and stream into the void like it's wild because you just most of the time you don't
know if somebody's listening another thing i don't understand is the uh there's like this whole genre
of shows that i've randomly seen i've literally only seen them because i've started i posted my
shows on rumble. I think it's great. Well, rumble is doing. I think it's great. The rumble is

(12:18):
integrating Bitcoin. Um, like Chris Pavlosky, their CEO seems like a pretty cool guy, uh,
from my like basic read of him. I don't know him at all. It seems like their mission is pretty
good. It's cool that they're running their entire own server stack. That's fantastic.
I love to see that, but I happen to notice this, like this genre that is always promoted on their,

(12:42):
the like the rumble homepage, which is like a couple of dudes and like a few women in this,
like in a circular type room. And I don't know exactly what is the premise of these shows,
but there seems to be a lot of them. And it just seems to be basically asking like really dumb
women, really dumb questions. And that's fine. Like that's fine. It just like, that's fine in

(13:09):
the sense that reality TV is fine, right? But on the other hand, it's like, these are the things
that actually get views. The things that legitimately get an absurd amount of views in our
culture are just retarded. Like the things that get views are absolute garbage. The things that

(13:34):
get views are not, I mean, okay, BTC Sessions gets a ton of views, but like not relatively,
right? Like not relatively to some of this absolute trash. Like there is so much incredible,
like there's education out there right now, more than you can possibly imagine about the future of
money. There's education out there right now about a monetary, a monetary standard that is going to

(13:58):
completely supplant everything that we know in the fiat world. There's education out there right now
in various forms, whether that be long form podcasts like my own,
which probably are very long, short form videos,
mid form educational formats like sessions.
There's so much great general educational content out there about Bitcoin right now,

(14:20):
which is such an important topic.
And yet the majority of people still just don't give a flying fuck.
Like they just don't care.
And I guess that's fine.
I suppose that it's natural that most people won't care about something that's changing the world.

(14:42):
I guess most people probably didn't care about electricity.
Most people probably didn't care about the printing press.
Most people don't care about Bitcoin.
But man, it's wild to see what people spend their time on.
It's sad to see what people spend their time on.
And when you could, you know, you could be spending your time here with me on a Saturday night watching a Bitcoin chart as I watched the same Bitcoin chart.

(15:08):
And we just did hit one, two, three, oh wait, one, two, four, three, two, three.
What?
I honestly don't know what was the prior all-time high.
Such a bad Bitcoin, or I don't even know the prior all-time high fiat complex.
One, two, four, one, two, eight.
Did we just hit a new all-time high?
Was this just, could somebody, I don't even have a live chat for this.
This isn't even on YouTube right now.

(15:30):
So I just don't even know. Can somebody confirm? I'm pretty sure we just hit a new all-time high.
Can somebody please confirm that for me? Anyone? Bueller? Bueller? Yes. Did we?
Let's ask on Noster. It feels like this was a new all-time high.
I don't know. My previous all-time high was the one that ChatGPT told me it was,

(15:53):
which they say was 124.128 reached on August 14th, 2025.
If you mean highest closing price on a different exchange, I can check that too.
No, I obviously don't mean that.
I just mean all-time high, chat TVT, you dumb fuck.
Sorry.
So you guys, I think we just hit a new all-time high.
I don't know.
I'm not a very good live streamer.
What do I do at this point?

(16:15):
Do I press a cool button?
Do I press the sad trombone?
Is that the correct button to press here?
It feels like it's not.
Do I press the air horn?
maybe the air horn. We'll see. We'll see. I think this is a new, we're going to call this a new
all-time high. Hey, and look at that guys. Bitcoin has just hit a new all-time high.

(16:40):
Now up next, we'll have a panel full of experts who will tell you exactly why that new all-time
high is super important. I actually do think all-time highs are obviously very important
for a singular reason. And that reason is that they attract more people. Like NGU number go up
is the best meme that Bitcoin has.

(17:00):
The sad reality is that most people,
like most people don't care about Bitcoin.
Even the people that do care about Bitcoin,
most people don't care about the ability to transact
in a censorship resistant way.
It's like with Noster.
Most people don't actually give a fuck
about censorship resistant communication.
They just don't care.

(17:20):
They just don't care.
And that's okay.
They're never going to care.
They're like, it's just not going to happen.
That's fine.
But with Bitcoin, most people just don't care that it's unfuckable sound money.
They don't care that it is a censorship-resistant, pseudonymous network.

(17:42):
They don't care.
What they care about is, is it going to pump their bags?
That's what they care about.
That's why people shitcoin.
That's literally why people shitcoin.
People shitcoin because they want their bags pumped.
and they think their bags will be pumped at a faster rate than if they just buy Bitcoin.
Because Bitcoin is slow and boring, you know, in terms of the price.
Like we may have just ripped a new all-time high.

(18:04):
Still not sure.
Maybe somebody in the coin.
Oh, wait.
Okay.
For some reason, this person's NPUB is not rendering as a username,
but NPUB1NSGGPH6.
coinbase has one two four five three three dot zero zero we've hit one okay one two four four

(18:27):
hundred so far okay so apparently we have not hit a new all-time high in terms of coinbase and as we
all know coinbase is basically the the bible when it comes to bitcoin um but i'll i'll take that um
okay my point being ng you actually matters a lot like i don't like to talk about if you watch my

(18:48):
my podcast, the Bitcoin podcast, AKA Bitcoin podcast, you know that I don't talk about price
that much. And there's a reason I don't talk about price. It's because I find it to not be that
interesting. Like making price predictions, doing all those things. Like I know that,
I know that Bitcoin is going to go up into the right. Okay. There we go. We've said all we need

(19:12):
to about price, but that's because I, you know, I predominantly make my show for, for Bitcoiners.
I have some episodes that are made for people that are not yet Bitcoiners yet.
Sure.
But I make my show for Bitcoiners and most Bitcoiners.
I mean,
well,
let's say we want to pretend that we don't care about price.
Right.
But the reality is that when it comes to adoption,
price matters a heck of a lot.

(19:35):
I think it's Gladstein who said,
uh,
is something to the effect of,
and I will not say it as eloquently as Alex would.
The effect is that,
uh,
NGU is a Trojan horse for FGU.
Number go up is a Trojan horse for freedom go up.
Number go up is what leads to freedom go up.

(19:57):
It's what allows freedom to go up
because it brings more people into the network.
It just brings more capital into the network.
We are at 124,454, 482.
We're just bumping up right now.
Okay, we're about to hit an all-time high, right?
I'm pretty sure we're about to hit an all-time high.
Let's see.
Either way, the point being,
price really does matter because Bitcoin is the measuring stick, right?

(20:21):
Like we're measuring this in US dollars right now,
but it doesn't matter what we measured in.
Take any fiat you want.
Take the Turkish lira where we've already had Omega candles.
Take any failing currency where we have mega Omega candles.
Bitcoin is melting faces off.
I know a lot.
I have a lot of friends in Turkey actually who have been stacking Bitcoin

(20:41):
longer than I have, like much longer than I have.
And let me tell you, they are ecstatic.
They are ecstatic because their perseverance has paid off because they have seen their
currency inflate over, I mean, depending on if you go with the real rate of inflation
or the, you know, the government's rate of inflation, I don't know, 50 to a hundred plus

(21:04):
percent a year or more or way more.
Meanwhile, the value of their Bitcoin has just skyrocketed, right?
Like look at the, if you want, you know, maybe I can pull this up.
See, this is what I should do.
I should just pull these things up as a live streamer.
BTC versus Turkish Lira.
Perfect.
Look at that, guys.

(21:25):
I can be a cool live streamer.
Pulling charts up on the fly.
What's next?
Mom, if you could only see me now.
Let's see.
What are we at right now, by the way, on the USD side?
1, 2, 4, 3, 3, 3.
Let's see what we're at when it comes to the Turkish lira.

(21:49):
The Turkish lira.
We are at 5,178,148.31 Turkish lira per Bitcoin.
Let's look at this Turkish lira chart.
Seriously, look at this.

(22:10):
Look at this.
So this is actually, when is this measuring from?
I've got my screen way too far away from me so I can actually see.
Okay, this is like only measuring from like 2018.
Let's see, what's the, what's the, as far as, oh, no, no, no.
Okay, no, it goes back to what?
2016?
Okay, it goes back to 2016.
So basically it's like flat from 20.

(22:31):
Okay, this is an insane chart.
Like literally just insane.
Literally insane.
Let's just look in the last year.
Bitcoin's up 145% in the last year.
In the last five years, it's up the.
thousand percent this this is amazing see we'll go back to the usd chart because okay and and you
know what maybe a good point to to point out here is that this usd chart like this will look like

(22:56):
the turkish lira chart like it already does look like the turkish lira chart honestly like
let me get these in the maybe the same same time frame like the us dollar is the prettiest horse
of the glue factory.
It's the skinniest kid at fat camp.
People like to talk about the fact that,
oh, the US dollar is going down
and the US dollar is going to die.

(23:16):
The US dollar will eventually succumb
to the natural pressures.
That makes sense.
The US dollar is going to die.
But that's only going to happen
after every other fiat currency has been destroyed.
Oh, also, I think we just like ripped through the last all-time high.

(23:39):
Okay, hold on.
We're up.
I see.
I'm just talking my ass off here.
Okay, 125,000.
New all-time high.
Oh, I need an air horn.
I can't actually hear this through mine.
So I'm sorry, guys.
You guys are hearing the air horn.
I'm not hearing it at all.
I'm just going to keep pressing the air horn.
New all-time high.
Yeah.
Is anyone else streaming right now?

(24:00):
Am I the only Bitcoin streamer right now?
I hate the word streamer.
It just sounds fucking lame.
But yeah, moral of the story, new all time.
I, yay, Bitcoin.
We did it.
We did it.
Now all of your friends are going to text you and they're going to say, Hey, so you, uh,
you still into that Bitcoin thing?
You still, uh, still got those Bitcoins and you're going to say, and they're going to

(24:24):
say, Oh, you think I should, you think I should buy some now?
Or should I wait until it goes lower?
And you're going to say, no.
Uh, but really that is what you get every time.
Right.
you get people that literally have been, you've been telling to buy Bitcoin for like years. And
they ask you again and again and again and again, like, should I buy Bitcoin? And you're like,
yeah, man, if you want to, like, I'm, I'm still buying right now. Like I'm not for me,

(24:47):
like I dollar cost average. And it doesn't matter. Cause you can just tell them as many
times as you want. They're just not going to pay attention. They're just not going to pay
attention. It's so sad, but it's like, what can you do? Like you can lead a horse to water,
but you can't make it not retarded.
That's what my dad always said.
I'm just kidding.
He didn't actually say that.
He said a lot more inappropriate things, but not that.

(25:08):
So we got a new all-time high, right?
We can officially confirm this?
Yep.
Okay.
Well, thank you.
Robinhood just reminded me.
BTC hits 52-week high.
Bitcoin just hit a 52-week high at $165.90.
It's obviously way higher than that right now.

(25:29):
Yeah.
Boy, I've got to say,
it would suck
not to have any Bitcoin right now, huh?
I mean, it would suck.
Like, if you,
boy, if you somehow stumble across this,
I don't know how you would stumble across this stream,
but if you did stumble across this stream

(25:50):
and you're like,
shit, I don't own any Bitcoin,
boy, that would be just a,
That'd be rough, wouldn't it?
That'd be really, really rough.
I hope if you're watching this stream, you own some Bitcoin.
I hope you haven't been dabbling in shit coins.
I dabbled in shit coins before I understood that you could just buy fractions of a Bitcoin,

(26:13):
which again is why I have empathy for people who have dabbled in shit coins.
But man, I think something that people need to realize is like, bro, you're a bad trader.
like you're you you watching this stream right now you're a terrible trader i'm so sorry i'm a
terrible trader sometimes i like to take a little bit of kind of pocket money and trade a little bit

(26:39):
you know on robin hood just to remind myself like and then and i compare it to like if i would have
just held bitcoin with that like very very de minimis amount if i would have just held bitcoin
i compared to that like how would i have done it's like and i would have always done better if
I just held Bitcoin, like, because I'm just not a good trader.
And honestly, like, none of you are good traders.

(27:00):
Like maybe like one person listening to this stream is like a good trader.
And you're like, well, I'm actually pretty good.
And I beat Bitcoin's hurdle rate.
The rest of you don't.
None of, like, it's hard.
Like for you to outperform the best performing asset, that's hard.
And that's okay.
Like you shouldn't have to.
You shouldn't have to have a second job, which is figuring out how to be a great trader

(27:22):
just to make ends meet.
You shouldn't need to have a second job
just to be able to, you know,
to cushion the wages of your first job,
which are insufficient
because inflation is robbing you blind.
You shouldn't have to do that.
And so like, just don't, just don't,
because Bitcoin exists.
You don't have to do that.
Thankfully, like that's a beautiful thing.

(27:42):
You don't have to do this to yourself.
And now we're at 125,548 US
infinitely printable cuck bucks per Bitcoin.
What a day, guys.
What a day it is.
I'm still, I'm literally, man, I'm such a bad streamer, you guys.
I am such a bad, bad streamer.
I don't know anything of what I'm doing right now.

(28:06):
Like, oh, do I want to change the layout here?
I don't know.
How do I even do that?
I don't even know how to do that on Riverside right now.
Let's see.
Is there another button for this at the bottom?
Oh, here it is.
Oh, I found it.
Let's see.
How's that?
Nope. Won't even let me change it.
Oh, oh, oh, no, won't let me do those.

(28:26):
Those must be premium or something.
I don't know.
Pay these fucks enough already.
Jesus Christ. Pardon my French.
All right.
$125,049.
Okay, now it's $500 even per Bitcoin.
What a day.
What a day it is.
Guys, it's a pleasure to be here with you all.

(28:47):
My wife is sleeping soundly down below.
many of you know my wife uh carla bitcoin my name is walker america her name is carla bitcoin she
kept her maiden name totally cool with it right she decided to keep the bitcoin i i debated actually
taking her last name taking the bitcoin but then i was like i'm not i'm not a cuck like no i'll
keep i'll keep the america thank you very much she's fantastic i'm a very lucky man to have a

(29:10):
wife like that not only is she smoking hot uh but she's a hardcore bitcoiner and she's very cool
like I'm very appreciative of my wife very appreciative that she is also a
incredible mother who wants to stay home with our son raise our son uh not send him to you know uh

(29:30):
to preschool or whatever daycare or whatever I don't even know what the things are because we
don't do it send her those things all the time like she wants to stay home and and take care of
him which I think is just like the the greatest thing she could possibly do and she's like she's
got more degrees than I do boys. Don't worry. She's got degrees out the ass, but like, she's

(29:51):
very happy to not use them. And I think that's a beautiful thing, but moral of the story is she,
uh, she brought up to me just like today. She was like, um, our checking accounts like pretty low
right now. Like, are we going to overdraft? I'm like, maybe babe, maybe, but we're going to be
pumping. And you know, it's, it's great when you just like, I don't know how many, I'm sure probably

(30:15):
a lot of you guys listening to this have been in that place where you're like, that checking
account is getting about overdrafted. And the wife, sweet, sweet, smoking hot wife is coming
after you like, okay, don't you think we should leave a little more cushion in there? And you're
like, no, babe, no, like, I'm only putting in there what I you know, I can afford to lose like

(30:38):
those fiat cuck bucks. But yeah, thank God for, for understanding Bitcoin wives, people have
asked me a number of times it basically said like man what can i do to what can i do to get my wife
more into bitcoin and i feel bad because i don't have a good answer for this because my wife is

(30:58):
a like a terrible example of this like she was already like she comes she was born in a communist
country like of course she was gonna understand bitcoin like that's that's one thing i noticed is
that like Eastern Europeans, they grok Bitcoin so quickly. I mean, same from so many people in

(31:19):
South America. I mean, basically people anywhere in the world that grew up under authoritarian
communist dictatorships and just mismanagement tend to grok Bitcoin very, very fast. Cause it's
like, Oh yeah, duh. That makes, that makes a ton of sense. Yep. And then they, they get,
they ask the normal questions, you know, okay, well, can the state co-op this, et cetera,

(31:41):
et cetera. Oh no, it can't. Okay. Yep. This makes a ton of sense. Yeah, for sure. Let's do it.
Versus the average person in America who has never actually had to grow up with,
it was never actually had to grow up with the worry of being debanked, like in a meaningful
way. Like, yeah, you still can in America, but like the vast majority of people in America don't

(32:04):
have to worry about being debanked. They don't have to worry about their currency hyperinflating
overnight or being devalued by some external authority like the fucking French and what they
do with the CFA Frank for African countries, which if you're not familiar with it, look up what Alex
Gladstein has, has written about this. It is patently insane and just monetary colonialism.

(32:26):
And it's fucking absurd. And the French should stop it, but like, Hey, you know, like it works
for them right but if you're in a in part of the so-called developed world you just don't have that
that need to grok bitcoin quickly my father-in-law who was literally a communist defector

(32:50):
carl's dad he says something all the time which i i love he's like he speaks of course great
English, but I'll just, I'll butcher his accent a little bit. Cause he's still got a little bit of
an accent. It's like Walker, you get smart by force, not by choice. That's it. And it's true.

(33:10):
The vast majority of people get smart by force, not by choice. They get smart because they have
to, they get smart because they need to, to survive. They don't get smart because one day
they're just like, Hmm, you know what? I think I'll just change my entire worldview about this.
and adopt this magic internet money.

(33:32):
I said, no, this is why also people though,
to Americans and some Western Europeans credits,
if you do grok Bitcoin, when you come from a privilege,
like if you have financial privilege,
again, a Gladstein term there, right?
Financial privilege.
If you do come from an area
where you have financial privilege
and you are still able to grok Bitcoin,

(33:54):
that's impressive, right?
it's impressive because you are actually getting smart by choice, not by force. Most people in the
world, myself included, we get smart by force, not by choice. And so if you do actually make the
choice and say, I'm going to get smart right now, I'm going to learn about Bitcoin. I'm going to

(34:17):
figure out what the hell is going on here. You are in a rarefied minority. Good for you. That's
fantastic. I don't exactly know where I'm going with this, guys. Again, this is where I am right
now. 11.58 PM on a Saturday evening. Wife and son peacefully asleep. Bitcoin's at a new all-time

(34:38):
highs. What a time to be alive. What a time to be alive. Live streaming the price chart like some
open-mouthed YouTube cuck. Wow. Wow. Wow. Wow. Let's see what I guys on Noster. I have not been
paying enough attention. Uh, I have not been paying enough attention to you. Let's, let's,

(34:59):
let let see what happening over here Oh my God There so many so many messages thousands of messages guys Oh my God Oh my God Let see What do we What do we have here What do we have Okay Okay Bets on when a Coinbase site crashes
I don't know.
Can anyone confirm has Coinbase's site crashed already?
Probably.

(35:20):
Shitcoins are a crucible, says Imposter.
I agree.
Chris Franklin, happy all-time high, motherfuckers.
Yes, Chris.
Happy all-time high to you too, motherfucker.
imposter says better to learn without that pain yes it is true it is better to learn without that
pain but more than likely you will learn with the pain like but again if you're here right now and

(35:41):
you're living in a privileged western nation where you have financial privilege you have
managed to basically learn without the pain yes have you been rat fucked by inflation your entire
life basically without knowing it yes have the boomers been extracting wealth from you
at just ridiculous rates for your whole life.
And it's not entirely the boomers' fault.
They're just products of their own environment

(36:01):
and they never cared enough to ask,
like, hey, am I just participating in this extractionary system
that's absolutely rat-fucking every other generation after us?
Sure.
There are a lot of great boomers in Bitcoin, too.
This is not a comment about all boomers.
There are some really incredible ones.
Bob Burnett, Larry Lippard,

(36:23):
Uh, Jethro, George Bodine, to name a couple, Gary Leland, amazing boomers, super based boomers.
We're very, I'm very grateful to have boomers like this in my life that I can call friends.
Uh, it's, it's fantastic.
Let's read a couple more.
Nine by nine says going to hit one 26 soon.
I believe you nine by nine.
All right.
What else do we have?

(36:46):
Our Koshi says we hit one 25, 800.
I believe you.
I guess I wasn't actually watching it that closely.
I was too busy listening to the sound of my own voice.
Homeschool 120%.
I wish I could, but I'm a single father, so it's not viable.
Imposter, man, good on you.
I'm quite confident that you are doing the absolute best for your children that you possibly

(37:09):
can and keep it up, man.
I also know that you're about to start a Bitcoin podcast and I fully support it.
And I'm pretty sure I owe you a DM also.
So let me know if I miss sending it to you.
It's been a hectic fucking week.
I'm happy to hop on a call with you anytime and talk you through what all the things I don't know
about Bitcoin podcasting that I'm happy to share but yeah let's see what else do we have here

(37:32):
someone just says hell on okay cool and then October okay Hasky yes October indeed what else
do we have here McRib indicator never fails don't know what to tell you says Cincy that's actually
a wild thing. Have you guys seen this McRib indicator thing? Like every time the McRib
comes back, Bitcoin pumps, like boy, it's wildly accurate. It's kind of insane.

(38:00):
And I'm kind of like that, like that's, I'm not a, you know, a huge TA fan. Like I think
for the most part, TA is kind of like astrology for men. But if there was a kind of TA that I
would subscribe to. It would definitely be like McRib TA. Let me just see. Let's see what we can

(38:21):
get here. Okay. I think I found it. Okay. There we go. Let's see. Okay. Man, I need a producer.
By the way, if you're listening right now and you're like, I'd like to produce this
terrible live stream show. Well, I've got good news for you, buddy. You can because
I am not good at it. So come on down. Okay. Oh, I did get this shared. Sweet. Okay. The McRib is

(38:50):
back. BTC historically goes up greater than two X after the McRib returns. Don't fade the McRib.
And I, this is actually kind of like nuts. Like let's okay. Okay. McRib return. Like, okay. So we
got the 2021 pump and then to the blow off top to then the other blow off top, like the

(39:12):
double blow off top, the tit coin blow off top, as they say, those are a couple of mountains
there.
I don't care what you say.
So McRib pump, another McRib pump around, what is that?
Uh, July or August, 2024.
Yep.
Epic pump.
And then into July, 2025, just a massive couple of candles there.

(39:33):
Look at those green candles.
Wow.
Just beautiful.
But moral of the story is don't fade the McRib, I guess.
That is the kind of TA that I'm here for, though.
It's not the drawing lines on a chart kind of thing.
It's the drawing arrows to point to where the McRib came back kind of thing.
That is what we really need.

(39:53):
That is the kind of TA that I think is meaningful for people, really.
And you know what?
It's tied to such a, like, what a little slice of Americana.
Like, you know, quite literally.
Like that's, that's just beautiful. All right. What else do we have here guys on the live stream
chat? By the way, guys, how am I doing on the live stream? Um, is this a good live stream or

(40:18):
a bad live stream? I'm honestly not sure. Cause I don't watch live streams myself. So really this
is just like, this is the, the blind leading the retarded over here, if you know what I mean.
Um, but I appreciate everybody. Uh, Tate and posture says Tatum is watching on X. I bet Tatum,
Tatum claimed he was out at the bar.
Actually, he didn't claim he was out at the bar.
He just said he was busy, which I'm like, okay, Tatum.

(40:42):
But, yeah, he probably is watching right now somewhere.
But, you know, I appreciate it.
I appreciate it.
All right.
What else do we have here?
Let's see.
The McRib is tuned to the four-year cycle.
Interesting.
But, okay, to say that the McRib is tuned to the four-year cycle, though,
like we saw that the McRib is,

(41:04):
is actually not entirely dependent on the four year cycle.
Like if we go back to this,
like the McRib is,
there's multiple introductions here.
So we've got McRib in 2021.
You could say,
okay,
yeah,
that would be part of the four year cycle if you're looking at that
discreetly.
But then like multiple reintroductions here,
was it introduced in,

(41:25):
in 2024?
And then again,
a year later it was reintroduced.
Like that's,
it seems kind of like,
and then rapid for McDonald's and reintroduced again a year after that.
Like why the,
I guess why the big shit?
The real question is like,
was the bear market in Bitcoin just because there was no McRib on the menu?
Like,
so from 20,
you know,
basically McRib's introduced in 2021.

(41:46):
We go to a couple of blow off tops and then no McRib for an unseasonably long
period of time.
And then we're back McRib,
boom,
all time high McRib,
boom,
all time high McRib,
boom,
all time high McRib again.
Now,
boom,
all time high.
is McDonald's manipulating the market with the McRib?

(42:06):
This is what I'd like to know.
Has anyone looked into this?
Like, is McDonald's engaging in market manipulation?
Is this some sort of, I don't know, is this some sort of,
is this insider trading?
I don't know what's happening.
I don't want to throw around accusations.
This is just speculation here.
But boy, if we go back to this chart, it's like,

(42:26):
why is such a long gap, McDonald's?
why such an unseasonably long gap? And somebody, if anybody's out there that wants to be really
autistic with this, can you look up the usual frequency between McRib reintroductions? And if
there happened to be a particularly long, particularly long period in between the 2021

(42:47):
reintroduction and the 2024, like obviously that seems to be disproportionately long,
but maybe they were just like, we're not going to reintroduce, but no, the 2021 was already during
COVID. I was going to say that maybe they're doing some weird like COVID thing. Like, but like you
would think if anything, they would have been like, Hey, get your vaccine and get a McRib.
Like basically everyone did. It was like, Hey, get a donut and get a vaccine and a little

(43:10):
myocarditis and you're good to go. Sick. Um, uh, somebody just said in the Noster chat, Bitcoin
is McDonald's pump and dump. That's fair. Uh, Jake has says, what is a McRib? What is a McRib?
Boy, I don't know.
What is a cool breeze on a warm summer day?

(43:31):
You know, you just got to go try it, man.
Just go get yourself a McRib.
Get yourself some seed oils there.
The real bullish indicator for me will be when McDonald's gets rid of seed oils.
I think Steak and Shake, honestly, this is like such an incredible,
absolutely just incredible journey that Steak and Shake has been on,
like if you've been following this at all.
So like Steak and Shake got rid of seed oils, which like, boom, amazing, right?

(44:00):
Fantastic.
Get rid of those seed oils.
And then they introduced beef tallow in terms of like, that's what they were going to be
frying their fries with.
They were going to be using beef tallow.
Okay, great.
Even better.
Like get rid of the seed oils, put in beef tallow.
Fantastic.
And they're like, we're going to start accepting Bitcoin.
And Carl and I, I'll be honest, guys, we've been eating steak and shake for a while, right?

(44:25):
Like even when they had seed oils, I'll be honest, like guilty as charged, mea culpa.
But when we went in there and experienced their Bitcoin enabled checkout, like it was smooth.
Like they did a really nice job with it.
Like it was really easy.

(44:45):
It was really easy.
It was really quick.
Like it was as it should be.
Like it was like a bunch of Bitcoiners had set it up because they did it.
Cause they use some,
you know,
third party Bitcoin software.
It's fantastic though.
Like,
and,
and now they,
they just,
let me see if I can pull this up.
Maybe they just released that.

(45:06):
They're going to be putting the largest,
like,
I think they said like the largest legally allowable flags on their premises.
Let me see.
Okay. Can you guys see this? Yeah, there we go. Okay. So, uh, yeah, this is like be steak and shake,
get rid of seed oils, cook with beef towel, except Bitcoin, uh, install biggest American

(45:29):
flags possible profit by being based. But this is exactly what they're doing. The flag installations
have begun at steak and shake. Every steak and shake is getting the tallest and biggest American
flag that local governments will allow. Also, it makes me wonder like, do local governments not
allow you to just have as big of an American flag as you want? Like at a certain point,

(45:51):
will they be like, no, that American flag's too big. That's too much patriotism, son.
Because if so, that's super unpatriotic. I mean, I guess unless it was like near an airport or
something and it could be somehow like a flight hazard. But otherwise, I just can't think of a
reason why you wouldn't let people have the biggest possible American flags. I don't know.
I don't know. I digress. But either way, you love to see this. And what I would love to see

(46:13):
is for McDonald's to also get this base.
Like, get McDonald's with some big-ass American flags.
I think McDonald's has probably,
they're probably one of the largest corporate landowners
in the United States, if I had to guess.
Like, there's McDonald's in every bumblefuck town.
Usually there's a couple of them, you know?
Like, they've got to be one of the biggest corporate landowners in the U.S.

(46:36):
Like, imagine them flying a giant-ass American flag
and then slightly lower, a Bitcoin flag.
that's what I'd like to see
that is what I'd like to see
that's the old Bitcoin price
oh my god you guys
we've crashed
we've crashed down to $124,960
Bitcoin is officially dead

(46:57):
I'm so sorry
I'm so sorry you had to see it here on my live stream
this is tragic
this is truly, truly tragic
I'm just
I'm horrified
I'm absolutely horrified
I don't know
I don't know how we'll ever recover from this, guys.
I truly do not.
Let's go back and check the old Noster livestream.

(47:19):
Thank you for everyone who's here on Noster.
I appreciate you guys.
Let's see.
What else do we have here?
Oh, no.
This is a lot of messages for me to read.
I don't know if I can read this many messages.
It's a lot.
Double cheeseburger.
How many sats in McDonald's?
I don't know what that means.
I don't know what that means.
But it is just wild to see where we're at right now.
Like the fact that, uh, I don't know how many of you guys were around during the depths of the bear market in 2022.

(47:45):
Like, so Carl and I started making our short form content in 2021 as it was like summer 2021.
So it was as Bitcoin was blowing off, uh, it's, it's kind of, it's tops basically.
It was at that point we started making this content because we were like, everybody's being so serious.
everybody's taking like everybody's taking everything so seriously everybody is like

(48:08):
everybody's down in the dumps like we need to bring some some levity some lightness to this
bitcoin ecosystem we've been lurking on twitter it was still twitter at that point for a while
before that and like let's just just start let's make a let's make a video just about
types of bitcoin haters right it just blew up like it really blew up like oh shit like people

(48:31):
people seem to like that. That's cool. Okay, fine. And then it was like, okay,
we kept making videos. They kept blowing up. Eventually we stopped making them on TikTok
because that's where we started because TikTok shadow banned us for talking about COVID,
which like, you know, shocker. But it's wild because we started making these things

(48:56):
as we got into the bear market, kept making them in the depth of the bear market, you know,
through 2022 and 2023 and basically kept making them until Carla was a few
months into her pregnancy.
And then she was the one doing all the editing.
So we were like,
she was like,
I'm like,
I'm not doing this anymore.
I don't want to,
I don't want to do this anymore.
I'm super pregnant.
I just want to focus on that.
And I was like,

(49:16):
yes,
good.
Perfect time for me to start a podcast.
And it was,
but man,
it's wild to think about where we've come from.
Like even just in a couple of years when Bitcoin was crashing for anyone that
was here for it. When Bitcoin was crashing around 106, or excuse me, Jesus, when it was crashing at
like 16,000 infinitely printable fiat cuck buck petrodollars per Bitcoin, the vibes were rough.

(49:43):
The vibes were rough in the sense that every, every random Bitcoin hater was coming out to dunk,
right? They were coming out to, oh, I told you. Like, you know, you had the retards being like,
yeah, Bitcoin's going to zero, maybe even negative zero.
What's that one guy, Peter Zeyhon or whatever?

(50:06):
Geopolitical macro strategist guy who's super smart,
but is just in actuality a big dumb retard.
Many such cases.
My point being like, for those of us that were there,
we remember very well like everyone's telling you you were wrong.
everyone's telling you and the people that have been in bitcoin for a few cycles obviously know

(50:29):
this super well i i'm not one of those people who's been in for a few cycles i've again only
been in for like one full cycle now like i got it in 2020 right like i'm you know i was quote at
that time like very late um but now i feel very early and anyone getting in now is still really
early that's a beautiful thing but man it's like cheers to everybody who has actually held out

(50:52):
from the depths of the bear market because it's not easy.
And so many people, I'm sure so many people in,
if you're listening to this right now,
so many people in your everyday real world life
have probably already started to say,
oh, you got lucky.
You got lucky that you were holding Bitcoin.
You just bought at the right time.

(51:15):
And of course, if I would have just bought at the right time,
I'd be on the gravy train too.
But the reality is that it's like, no, you didn't get lucky.
Luck has nothing to do with this.
It's hard to hold Bitcoin.
It's hard to hold Bitcoin and do nothing.
It's hard to just like, it's hard to just sit on your hands and not fuck it up.

(51:37):
It's really hard to just be like, you know what?
Bitcoin's doing what Bitcoin's doing.
I'm just going to stick my hands under my ass.
I'm just not going to, I'm not going to try to trade this.
I'm not going to try to do anything.
You know what?
I'm just going to focus on my craft.
I'm going to focus on creating value.
I'm going to focus on my family.
I'm going to keep dollar cost averaging.

(51:58):
And that's what I'm going to do.
But that's hard.
Like that's really hard to do.
And that's why most people don't do it.
Because that takes an insane level of conviction.
So if you are here and you have been stacking from the depths of the bear market,
from when everyone was calling you a retard
for your magic internet money going to zero.

(52:22):
Just remember, now you can call them retards.
You can be like, listen, retard,
I told you, I told you to buy Bitcoin
when it was dipping way, way, way down low.
And that's the funny thing.
Everybody always comes to you in the meat space,
in your IRL friends sphere.

(52:44):
They always come to you when Bitcoin is ripping.
They never come asking about buying Bitcoin when it's dipping, right?
It's never when Bitcoin is on sale that they're like, I'd like to buy some Bitcoin.
It's like, it's when Bitcoin is, relatively speaking, the most expensive that everybody comes knocking at your door saying, oh, you still into that Bitcoin thing?
And you're like, yeah, like I've been telling you to buy since it was, you know, like a fifth of this price, but okay.

(53:10):
But that's okay.
That's okay.
because you deserve to have more Bitcoin than your friends who didn't listen to you.
You deserve it, my fellow pleb.
Like, you genuinely deserve that.
If you have been stacking sats as you create value
and just trying to do the best that you possibly can

(53:32):
and staying relatively humble,
as Adele would say, you know, you're humble enough now.
Like, it's okay.
Just don't fucking dance.
But, like, well done.
You've done insanely well.
And you know what?
Yeah, your friends should have listened to you.
Like they should have.
And they didn't.
And they're going to kick themselves for it.
And probably, probably some of them are going to hate you for it.

(53:57):
They're going to hate you because they didn't listen to you.
And something American HODL talks about like a lot is that it's very natural that you would get estranged from some friends.
and I like I'm looking to say like I've had a number of my buddies I think I've known for
like over you know over a decade now like friend uh you know good friends from college that I've

(54:18):
known for a long time now who have actually been stacking sats and like initially were very
on the fence about it because like I'm I'm an engineer a lot of my buddies are finance guys
like great guys, super smart guys, but it's like, I'm not going to learn from the engineering nerd

(54:39):
about the magic internet money. Right. But a lot of them came around to it and started stacking.
And I'm so glad they did because it's like, that's what you want. Right. As a Bitcoiner,
I think it's, at least for me, I've stopped trying to orange pill the world in my day-to-day
interactions. I try to orange pill the world through my podcast, right? That's, you know,

(54:59):
That's the goal.
That's what a podcast is there for.
But in my day-to-day interactions, it's like, what do I care about?
What do I prioritize?
I prioritize trying to make sure that my immediate family and that my dearest friends grok Bitcoin, save the value of their time and energy in Bitcoin.

(55:20):
And that's it, right?
That's it.
That's what I want to see.
I want to see the people that I care about most saving in Bitcoin.
and if you can get to that point where most of the people that you care about most
are saving in Bitcoin, bravo, hats off.
That's an incredible thing.

(55:41):
It's not easy.
It is really not easy, but if you've gotten there,
kudos to you, sir or madam.
That is fantastic.
And you know what?
Let's go back to this old price chart here.
$125,142, infinitely printable, war financing,
fiat cuck bucks per Bitcoin. Wow. Wow. What a day. What a day. What a night.

(56:08):
12.20 a.m. here in the middle of the good old U.S. of A. I don't know where it is where you're
listening, but cheers to you. Have some more of this ice cold refreshing Miller Lite. If there's
anybody who represents Miller Lite here listening, please sponsor me and send me a palette of Miller
light. I will work in kind for your delicious beverage. All right. I don't know how long I'm

(56:29):
going to go here, guys, but I'm going to go long enough. Let's see what else. Oh, that's,
let's see what we have here. The McRib returns is truly just insane. How's the Turkish lira
versus Bitcoin doing right now? Pretty solid. Pretty damn solid. Look at that. Dude, look,
I mean, I'm sorry, but if you look at this chart, this Turkish lira chart, it's like,

(56:52):
this is going one way.
This is what I love so much about Bitcoin
is that Bitcoin is just like,
it's a truth machine, right?
It is letting you know
what is actually reality.
It is letting you know
it is the true measuring stick.
It is the unit of account.

(57:13):
The US dollar is a terrible unit of account
because it's constantly inflating.
It's constantly being debased.
There's just, there's no way it's a good unit of account.
It's the best one we have.
Again, it's the skinniest kid at fat camp.
It's the prettiest horse at the glue factory.
It's insert other analogy, whatever.
But it's, but it's terrible.
Like you're trying to measure something with a measuring stick that's made of rubber.

(57:39):
Like it's, it expands and contracts and it's just like, it's just terrible.
Enter Bitcoin.
You got a measuring stick that is completely static.
it's like the measuring stick is 21 million that's it god that is just a that is a beautiful
thing and i feel like we it's going to take us humans a long time for us actually to wrap our

(58:00):
our minds around that i don't i don't think it's it's if it were actually self-evident it would be
self-evident like people would already be paying attention but they're not like most of the world
isn't. That's the incredible thing right now. You've got, you've got a thousand trillion dollars
worth of global wealth, uh, denominated in various assets, whether that be, uh, you know,

(58:26):
just like money, uh, liquid, uh, uh, real estate, gold collectibles, bonds, et cetera, et cetera.
a thousand trillion roughly.
And Jesse Myers-Crosius is a great, great chart on this.
You should check it out if you haven't already.
You've probably seen it though,
because like even sailors used this chart from Jesse.

(58:49):
You got a thousand trillion in global wealth.
Bitcoin is two trillion, two trillion dollars.
And that may sound like a lot, because it is.
It's one of the biggest assets in the world, right?
Bitcoin is, which is incredible because it's just magic internet money, right?

(59:10):
That's incredible.
But at the same time, it's nothing.
It is nothing.
I mean, it's over 10x smaller than gold.
And gold is great.
Gold's been fantastic money for thousands of years.
Hats off to gold.
Gold's been ripping recently too.

(59:30):
I'm super happy for Peter Schiff and all of his buddies.
That's fantastic.
They needed a win.
They really needed a win.
But like Bitcoin's just better money.
It's just better money.
It's not a,
like it's not,
it's not even a debatable thing.
It's just,
that is fact.
Bitcoin is better money than gold.

(59:52):
Bitcoin will eclipse gold's market cap in short order.
So that's it.
It's an over a 10 X to eclipse gold's market cap.
Roughly a gold's market cap.
Bitcoin's at a million dollars a coin.
I think that takes less time to get there than people think.
I mean, I don't think it's going to happen this year, maybe.

(01:00:17):
But I don't think it's going to take that long.
I don't think it's going to take that long for the world to wake up to the fact that
Bitcoin is perfect money.
That gold's great, but it's inferior.
That real estate is great if you're looking for a house to live in and raise a family.
If you're looking for a utility value out of a house, that house is great for that.

(01:00:38):
You can't live in a Bitcoin.
You can't do it.
You need a house.
But real estate's a terrible investment relative to Bitcoin.
Everything's a terrible investment relative to Bitcoin because Bitcoin is just sound money.
Now, okay, I shouldn't say everything's a terrible investment.
obviously even on a bitcoin standard you're going to want to invest in companies and in ideas

(01:01:05):
that you think are valuable so i should choose my words more carefully excuse me it's blame it on
the miller lights people who think that like somehow under a bitcoin standard there's like
that every like how do i put this it is not the case that everything that is not bitcoin
is a scam.

(01:01:29):
Like if you truly believe that to be true,
like, oh, anyone who invests in anything but Bitcoin,
they're a scammer or they're investing in a scam.
That's just not true.
Now I'm not talking about shitcoins.
Shitcoins are a scam.
Yes.
What I'm talking about is the fact that,
of course you're going to have investments
in things that aren't Bitcoin.
Like if everybody only bought Bitcoin

(01:01:51):
and nobody ever started businesses
or raised capital for those businesses
or did anything like that,
like what then,
what are we even doing?
We're not doing anything, right?
Like there's no actual,
there's nothing of value being created.
Like what is important to realize
is that Bitcoin is, you know,

(01:02:12):
quote the hurdle, right?
It's been very popular to say now,
but it's true.
If you're thinking about investing
in something else,
you should think,
is this investment going to beat
me just holding Bitcoin?
And in most cases,
the answer is probably no, the investment isn't going to. But this is great. This is why Bitcoin,
one of the other incredible things about Bitcoin is that it actually incentivizes

(01:02:34):
good investments. It disincentivizes malinvestment. It disincentivizes scams and people dumping their
money into real estate or into penny stocks or whatever else. It disincentivizes so much of that
because you can just hold Bitcoin and you can do incredibly well.
Now, if you want to invest in a Bitcoin startup,

(01:02:56):
in anything, in some brick and mortar business,
whatever you want to do, by all means, go for it.
But be aware of the fact that your hurdle rate
is Bitcoin's compound annual growth rate.
And that's really hard to beat.
And I think Bitcoiners are aware of that.
But in a hyper-Bitcoinized future,

(01:03:17):
it's like we're still going to have loans and credit.
We're still going to have investment, obviously,
in things that aren't just Bitcoin
because at that point, Bitcoin is ubiquitous.
Bitcoin is the money.
And when Bitcoin is the money,
obviously you're going to invest your money in things.
Like what a wonderful world that will be.
I don't know if I'm going to see that world.

(01:03:38):
Like that may be the world that my son grows up in.
I hope that's the world my son grows up in.
it's wild to think about that it's wild to think about what does the future actually look like for
the generation of our children what does that actually
realistically what does that look like and i hope it looks really good

(01:04:00):
i think we're going to enter a period of intense intense turmoil i think things are going to get
really fucking messy and really nasty, a lot of people are going to get hurt.
And many, many, many fiat currencies are going to fail. And through that process of fiat currencies,

(01:04:21):
hyperinflating and failing, a lot of people will get hurt, but I'm ultimately bullish on humanity.
And I'm hopeful because we do have Bitcoin. We do have a way to break the cycle. Like the cycle,
this is i was uh i was talking to uh jeff booth about this not on a bitcoin podcast but it should
have been a bitcoin podcast everything should be a bitcoin podcast but i was talking to jeff

(01:04:44):
about this because he's somebody that i just i really look up to i really admire the price of
tomorrow is a book that like i thought i was deep down the bitcoin rabbit hole and then i read the
price of tomorrow and read jeff saying you know the natural state of the free market is deflation
technology is naturally deflationary. And I was like, Oh my God. But I was talking with Jeff and

(01:05:04):
I was running this theory I had by him that we have this cyclical convergence. This, it was,
it's basically what I'm calling my super cycle theory essentially, which is that
we're at this point in time right now where we have a convergence of a ton of different cycles.
So the fourth turning is the obvious one, right?

(01:05:25):
This is the one that everybody's heard of the fourth turning, right?
But we have a bunch of other ones.
We've got these chondratative waves, which are economic cycles of capitalism.
It's a Russian guy, a Soviet, actually, that came up with this.
He was killed for espousing this theory.

(01:05:45):
The theory only came to light many decades later.
But we're nearing a change in chondratative waves as well.
We're, in my opinion, if we look at this from the perspective of Polybius, who was a Greek philosopher and historian, his anticyclosis theory, we're nearing the point of democracy descending into mob rule.

(01:06:11):
which is right at the end before it switches back to the beginning again which is uh basically a
strong leader a monarch emerges and pulls the mob out of chaos with you know an iron fist but also
like uh into a very glorious era okay do we and this isn't a endorsement of monarchy by any means

(01:06:35):
This is just another cyclical theory.
And that goes from monarchy to dictatorship to aristocracy to oligarchy to democracy to
oglocracy, oglocracy being mob rule, and then back again to monarchy to dictatorship
to aristocracy to oligarchy to democracy to oglocracy, and again, back again.

(01:06:58):
So that's Polybius' anticyclosis.
And you got Ray Dalio's long-term debt cycles, which also seem to be coming to a head right now.
You've got fiat currency life cycles, which also like the US dollar is kind of operating on borrowed time right now when it comes to a fiat currency life cycle.

(01:07:19):
And there's probably another couple of cycles that I'm forgetting.
But the point being that we're at this point of cyclical convergence.
we're at this we're creating this super cycle right now and what does that actually mean for
what happens next it's going to get messy it's going to get dark it's undoubtedly going to get

(01:07:42):
violent that is just like of course that's going to happen but how do you make it through and
when i when i brought this up to jeff i asked him i was like and so like how do you like what
happens afterwards it just starts all over again you know it's naturally it would just start all
over again and we'll do this again but we'll you know maybe we'll extend this life cycle he says

(01:08:04):
no like walker but we broke this cycle now because bitcoin exists of course it was like i'd had some
drinks at this point too but i was like okay okay so we don't necessarily have to fall back into
these cycles because Bitcoin exists. We don't necessarily have to go back into this history,

(01:08:29):
you know, not repeating itself, but rhyming over and over and over again, ad nauseum,
grinding the average person into the dust because Bitcoin exists. And also like AI exists,
like that's another X factor in all of this, right? That the folks composing these theories
obviously could not have even conceptualized,

(01:08:50):
especially like Polybius, you know, a couple thousand years ago in Greece.
He wasn't thinking about AI.
I don't think so, at least.
But that was an interesting switch for me.
It was realizing that, yes, all of these cycles are coming to a head right now.
But on the other side of what will be a chaotic period,

(01:09:12):
we have a new dawn.
We have something that's never been seen before.
Like we have a new paradigm that we will operate under because we have Bitcoin.
And that sounds kind of like, you know, like floofy and esoteric and whatever.

(01:09:34):
But like, I genuinely think it's true.
We've never had anything like Bitcoin.
We've never had perfect money.
We've never had a truly free market for any meaningful length of time.
for short periods of time, but any time that the money is controlled by a central group of people,
you can't possibly have a free market. You can't have a free market if you don't have a free market

(01:09:57):
in money. Bitcoin enables a free market in everything else because it is a free market
for money That the beauty of it right And so I don know I think that that a super meaningful thing It very heartening to know that while we may go through a period of incredible upheaval

(01:10:21):
and it may get really dark for a while,
I'm not ruling that out, right?
Like you should, I'm not trying to fear monger here,
but you should very much be prepared for what may be a dark period to come.
Or not, it might be just fine.
but like, I don't know, look around at what's happening in the world right now.

(01:10:42):
Look at all the totalitarian laws that are being introduced.
Look at what's happening in Europe.
Look what's happening in the UK.
Like, as just, like, those are canaries in the coal mine right now.
Like, fuck.
It doesn't look good.
There's a great book by a French guy, Jean-Francois Revelle,

(01:11:02):
The Totalitarian Temptation.
and it's like
you should be able to find some copies
I think actually you can probably find it on Amazon
the copy I have was like
has a stamp from a local public library
on it
it's a great book though
my father-in-law who escaped communism told me to read it
it's incredible

(01:11:24):
the totalitarian temptation is ultimately very strong
the temptation to centralized power
is very strong
the temptation to
exercise that power over others to exert your own will is very strong.
There's an incredible quote in the book that you should tell to all your socialist retard friends.

(01:11:48):
One often wonders what would become of socialism if capitalism wasn't there to support it.
And I love that quote because it's just like, it's true.
Anyone who tries to talk about the socialist ideal in the modern sense,
Well, look at Norway or look at any of these incredibly homogenous Scandinavian countries or look at whatever else.

(01:12:10):
It's like that's only possible because capitalism is also there to support it.
We all know that socialism doesn't work.
This is a sidebar, but I'm rambling and I'm here by myself.
Nobody's here to check me, so whatever.
You should treat communists worse than you treat Nazis.
like if somebody's like i'm a nazi like that person's probably a big old piece of shit like

(01:12:36):
you should treat them like a big old piece of shit like absolutely like that's that's fucked
up for anyone just for anyone to be like i'm a nazi in this day and age knowing what the nazis
have done knowing what that ideology is that that'd be a fucked up thing right it's even more
fucked up in my opinion to say like i'm a communist but somehow that's socially acceptable
it's socially acceptable to say I'm a communist

(01:12:59):
you can be a college professor and say I'm a communist
you can be a very popular pundit and say I'm a communist
I believe in socialism like whatever else you know like because socialism let's be honest
it's just one step on the road to communism right communism has killed an order of magnitude
more people than Nazism has

(01:13:20):
even fascism generally if you want to say the Nazis were fascist
whatever national socialist party of germany whatever but we let's call them fascists for the
you know purposes of argumentation let's assume that they're fascists let's lump them in with all
other fascists communists under communism an order of magnitude more people have died it's in the
hundreds of millions of people that have died under communism and somehow though it's just like

(01:13:47):
it's totally fine. Just be like, yeah, I'm a communist. It's like, you hear somebody say
they're a communist, you should ridicule them. You should eviscerate them. Because first of all,
they're probably retarded and they won't be able to in any way stand up to the verbal onslaught
that you should bring on them. Second, you don't have to worry about them physically because

(01:14:10):
they're guaranteed to be just weak little soy boys, right? Guaranteed. You don't see any Chad
communists. You know what I mean? Like, find me a Chad, it doesn't exist. Doesn't exist. Nope.
Why? Well, because nobody with any meaningful amount of testosterone would be a communist.

(01:14:31):
Just, it's not going to happen. So ridicule communists, ridicule them, ridicule socialists,
because it is ridiculous. It is absurd. And it is a destructive ideology that has killed hundreds
of millions of people. And we should treat it with more contempt than we do Nazism. We should

(01:14:52):
also treat Nazism with contempt. We should treat communism with more contempt. Because it has been,
from an empirical standpoint, more destructive. So this is, I don't even know how we got here,
guys, but you know, clearly Bitcoin is being too boring for like a couple of minutes. So I needed
to tell you that like, fuck communists, like it, you know, dear Lord. Okay. Okay. What are we doing

(01:15:19):
here? 41 AM my time. Bitcoin is at 125,327 infinitely printable U S cuck bucks per Bitcoin.
Wow.
Wow.
What a day.
What a day.
How's everybody doing out there?
Let's check in on Noster.

(01:15:42):
Does anybody have thoughts on my small communist rant?
That was honestly a pretty tame communist rant for you guys.
I've had many stronger communist rants, or I should say anti-communist rants.
My Path to Fire says,
In Europe, the majority are commies.
Yeah. Yeah. Okay. Because I know a lot of Europeans. It depends which part of Europe, right? Because Eastern Europe, man, yes, there are still some of the old folks who are like, you know what? It was simpler during communism. And everybody just had their job. They had their role. It was simpler times.

(01:16:26):
you're going to have some of those, right?
That are hearkening back because it's too complicated
in this messy pseudo-capitalistic society.
You're going to have some of that.
But by and large, what I've found in former communist countries
is that the people are insanely based
and they fucking hate communism.

(01:16:48):
And I just think that's fantastic.
We need more hatred of communism.
The problem is that in a lot of Western European countries, in contrast to the Eastern European countries, the Western European countries didn't live under the fucking oppressive yoke of communism.
And so now they themselves become kind of commie.

(01:17:11):
Like, I mean, you see, like, everything that's happening in, like, the UK and in France, like, it is so sad.
Because two truly great nations, great nations are now just acting like little commie cucks.
And that's just tragic.

(01:17:32):
Like, okay, how do I put this simply?
There's a reason that you never hear of people escaping to communism.
There's a reason that people are always escaping from communism.
Nobody's fleeing to North Korea right now.
And this is one of the most obvious examples.

(01:17:54):
North Korea versus South Korea.
It's like East and West Germany, but even more modern, right?
The experiment's still running to this day.
Look at North Korea, look at South Korea.
North Korea is communist.
South Korea is not communist.
Which one is faring better?
Which one is starving?
And which one is thriving?
You know, this is just like, it's just so blatantly obvious.

(01:18:17):
And it's so incredibly sad that so many young people in the West and not just young people,
like there are plenty of commie boomers who are like, if you're a communist boomer, like
you are just a full blown retard.
I'm sorry.
But like, there's just no excuse for you.
If you are going to be, if you're a commie boomer, it's like you are an idiot.

(01:18:40):
Like you are either you're an idiot or you know exactly what you're doing and you're just evil.
It's like one of the two, retarded or evil.
Pick one.
If you're a young person, you're a communist.
Okay.
I feel a little bit bad for you.
You've been indoctrinated for a long time.
I'm sorry.

(01:19:01):
I'm sorry that you've been indoctrinated as such.
It's terrible.
It's terrible how our public school system has failed.
How much, and by the way, guys,
you want to know where the mandatory public education comes from?
Do you know?
Do you?
Well, let me tell you.

(01:19:22):
Mandatory public education, it has its roots in Prussia, which is Germany.
Do you know that in Germany today, it's still illegal, illegal to homeschool your kids?
Do you know who made it illegal to homeschool your kids?
It was Adolf Hitler.

(01:19:43):
Hitler made it illegal to homeschool your kids.
Why would he do that?
Oh, well, I guess it's because if the state controls education, if the state is indoctrinating your children for, you know, eight, 10 plus hours a day, they control them.

(01:20:06):
They control the generation of the future.
They control the youth of the nation.
So it's funny because Germany tries to go so far away from them.
They go to the opposite extreme of trying to be so inclusive to basically be like, no, we're not Nazis anymore.
See, we love everyone.
It doesn't matter.

(01:20:27):
It's all good.
Let's have a nice beer together.
And it's totally cool, man.
I love Germans, by the way.
I have a lot of German friends, and they're fantastic.
This is not me digging at Germans.
I will make fun of Americans equally, right?
If you guys know me, you know that.
But I just want to clarify.
If you're a German listening to this, I love you.

(01:20:48):
And if you're listening to this as a German, you're probably pretty based.
So cheers.
But it's insane to me that in Germany, as much as they've tried to get away from Hitler, get away from the Nazis,
they've kept one of the most fundamental Nazi laws, which is compulsory public education, mandatory public education.

(01:21:10):
Why is that?
Why would you keep that?
If you were trying to dismantle everything that Hitler and the Nazis did, if you wanted to get rid of everything that Hitler did, why would you keep that?
Why would you keep the compulsory public education?
It's almost like you want to be able to control people.

(01:21:35):
And the best way to do it is by indoctrinating them from a super young age.
and somebody just pointed out,
and this is hilarious because it's a joke I made.
Oh, you like school? So you like Hitler.
This is actually the correct attitude.
If you're against homeschooling,
you have the same opinion as the Nazis do about homeschooling.

(01:22:00):
This is how I also just, my path to fire is coming.
Hitler was also a vegetarian.
I feel like I'm not sure if I knew that.
I feel like I maybe knew that,
but either way explains a lot.
I'm not,
you know,
I guess the guy should have been on a carnivore diet,
but seriously,
like you've got people who are self-professed commies out there who are

(01:22:20):
like,
we need to be sending our kids to public school and doing all this.
And it's like you,
we need to ridicule these people.
And we certainly shouldn't let these people raise our children.
I just said,
I had a George McHale.
He was an awesome dude.
He wrote a,
I've got the book.
Fuck.
I've got the book right here.
Actually.
I am not your bruh 21 keys to sound parenting.

(01:22:42):
I'm not being paid to say this.
I just like George a lot.
We,
I had him on my show recently a couple of times and like he had this quote
that was like,
somebody is going to be indoctrinating my kids.
I'd rather it be me.
And I thought that was like beautiful.
And it's true.
It's like,
who do you want to indoctrinate your kids?

(01:23:03):
Somebody is going to do it.
Who do you want it to be?
You want it to be the state.
You want it to be the fucking blue haired communist state?
Or do you want it to be you?
Like I want it to be me.
I was also guys, I was homeschooled.
I'm not a total freak, right?
I mean, I'm a little bit of a freak,
but like in the Marty bent way of, you know, like sub freaks,

(01:23:24):
uh, that's the kind of freak I identify as.
I was homeschooled, made the choice to go to public school, uh,
in high school.
Cause I thought I was a retard and that I'm not being a retard.
graduated number one in my little bumblefuck town,
which doesn't matter.
But the point being, fuck communists.
If anybody says they're a communist, ridicule them.

(01:23:47):
Communists should be treated like Nazis.
Nazis hate homeschooling.
If someone hates homeschooling, they're a Nazi.
And with that, Bitcoin's at 125,081
infinitely printable communist cuck bucks per Bitcoin.
Another funny thing about communism,

(01:24:08):
if you've read the Communist Manifesto,
which I should really just read out loud in the show one of these days,
maybe I'll read it tonight.
I think I have a copy sitting around here somewhere near.
One of the things that Marx talks about in like his 10 different prescriptions
for how to institute a communist state is centralized credit,
is a central bank.
Karl Marx literally talks about one of the key ways to making,

(01:24:31):
to instituting communism is centralizing credit issuance, centralizing the bank.
And it's like, oh my God, the Federal Reserve is just a commie institution.
Like, it's just absurd.
I don't know, guys.
Like, we need to be ridiculing communists a lot harder.

(01:24:54):
There was that whole thing.
You guys remember that thing about, like, you know,
punching Nazi in the face or whatever?
I forget when that, I don't even remember the context of it, but there was some, there was some big, there was an uproar about it on, on the right.
I think about like, well, you shouldn't be punching someone in the face.
And like, I agree.
Violence isn't the answer, right?
You should verbally punch someone in the face verbally with your words.

(01:25:17):
You should be able to eviscerate someone's face with your words.
And the great thing about communism is that it's fucking stupid.
It's just a stupid ideology.
It's just dumb.
It appeals to dumb, dumb people.
It appeals to people who don't actually work for anything in their life.

(01:25:38):
That's who communism appeals to.
And anybody who has any ounce of motivation in them, who has any ounce of just like self-starter in them, will just think communism is absurd, as they should.
And that's the great thing about it is that it's just communism.
Like communism is a great filter.

(01:25:58):
like anybody who tells you that they're a communist,
like a self-professed communist,
or even a self-professed socialist.
So again, socialism is just,
it's on that slippery slope to communism,
which is all part of the totalitarian temptation.
Fuck it all.
Fuck all of that.
You don't need it.
It's never worked.
It's never going to work.

(01:26:19):
The only reason socialism kind of works sometimes
is because it has capitalism to support it.
That's it.
And we don't even have real capitalism.
They say real communism has never been tried.
Real capitalism has never been tried.
But my God, we might actually have a chance to have real capitalism with Bitcoin.
And isn't that exciting?
I actually think that's incredibly exciting.

(01:26:42):
What happens under real capitalism?
If you have real capitalism for a prolonged period of time, can you imagine?
Everything should be getting cheaper forever.
Everything forever should cost less.
Year after year after year after year.
Because that's what technology does.
If you haven't read Jeff Booth's The Price of Tomorrow, you should read it.

(01:27:05):
It's a pretty quick read.
It's not a Bitcoin book per se.
He wrote it like it was part of his Bitcoin journey actually to write that book.
But it's just a phenomenal book.
And it will open your eyes because the reality is that technology is deflationary.
Technology makes everything cheaper forever.

(01:27:26):
Everything should be getting cheaper forever, but everything's getting more expensive forever.
Why is everything getting more expensive forever?
Everything is getting more expensive forever because they, they, the governments and the central banks, print money out of nothing that you have to work for.
they print out of thin air

(01:27:49):
the thing that you have to
put your blood, sweat and tears into earning
the thing you need to sacrifice for
the thing that people literally die for
your life blood
because that's what money ultimately represents

(01:28:11):
money represents
your work
money is your proof of work you earn money and that is your proof of work is your market value
the market value of your time and energy expressed in whatever that unit of account is
it's the u.s dollar it's turkish lira if it's bitcoin hopefully it's bitcoin they are stealing

(01:28:36):
your life when they print that money they are stealing your life your life's work your life's
energy, when they print money, when they debase the currency. I'm not being hyperbolic here.
When they debase the currency, they are debasing your life. They're debasing your time,

(01:28:57):
your energy. That's fucked up, man. If more people understood this, there would be riots
in the street and we would have burned that motherfucker to the ground a long, long time ago.
but most people don't understand it.
Most people are still asleep.
That's okay.
They'll wake up eventually.

(01:29:19):
They'll get smart by force, not by choice.
But for now, if you happen to be listening to this,
maybe you've been on this stream since the beginning,
in which case I thank you.
Maybe you stumbled across this stream somewhere along the way.
What are we?
Oh, and we crashed down below 124,000.
over 124,967 infinitely printable fiat cuck bucks per Bitcoin. You've stumbled along the stream

(01:29:44):
somehow. You're early. You're really early. Welcome. We've got a long way to go because
most people are still very happy to work for something that a cabal of central bankers can
print for free. I think anyone listening to this is probably not happy to work for that.
they're not happy to work for that at all

(01:30:04):
they do not want to work for something
that a cartel of unelected banker bureaucrats can print out of thin air
they don't even have to print it anymore
they can just literally make a few keystrokes
fuck, you don't have to accept this
that's the beauty of Bitcoin
you don't have to accept this anymore

(01:30:27):
you can just say
no, no thank you
I'd rather save the value of my time and energy in something that you can't rat fuck into oblivion.
You can just save in Bitcoin and no one can debase you.
That's incredible.
What a cheat code, what a life hack, what a superpower it is to be able to save in something that governments and central banks cannot debase.

(01:30:54):
I'm very grateful to be alive at this moment in time right now.
I'm very glad that my son and future children that we have will grow up in a world where Bitcoin already exists.
And if all of us listening right now do our job correctly, because Bitcoin doesn't need any one of us individually, right?
Bitcoin doesn't care.

(01:31:15):
But Bitcoin obviously needs all of us.
Like we are the network.
All of us are the network.
So it needs us collectively.
And if we do our job right, the world that our children will grow up in has the potential to be such a beautiful place.
This world today is pretty beautiful too.
I had a great day today with the family.

(01:31:37):
I had some hot pot outside for dinner.
I don't know if you guys eat hot pot.
Mongolian hot pot.
Like you're basically just boiling super spicy water and cooking meats and veggies in there for a couple of seconds each and then popping them out.
It's like shabu shabu but way better.
Have a great day.
You can have a great day no matter where you are,

(01:31:58):
even if you're not eating hot pot,
although I highly recommend eating hot pot.
But there are so many opportunities to find joy in this world,
even in this fiat world that we live in.
And I hope that you do.
You should be able to.
But the world that we might be able to usher in
is something so different.
And it has so much more potential
than this one we live in right now.
It's really hard.

(01:32:18):
If you're like, I'm in my early 30s.
And if you're listening right now,
your early 30s or younger or older. It actually doesn't matter. It's hard for everyone to get
ahead. It's really hard. There are stupid games that you have to play. This is a system in which
you are incentivized to be a scammer. You're incentivized to try and take advantage of the

(01:32:42):
system, of other people. In the fiat system, being moral is a great way to make less money.
But like, I don't know, at least for me, it's like you'd rather have your soul and your integrity.

(01:33:03):
But that's the problem with this system is that it incentivizes degenerate behavior.
It incentivizes scammer behavior.
The system that we can create on a Bitcoin standard has so much incredible potential
because the incentives are actually aligned with humanity's best interests at large,

(01:33:24):
not for a specific subset of humanity.
Bitcoin's not for everyone, but it's for anyone.
It's for anyone who's willing to learn.
And I don't know.
That's just something that gives me a lot of hope.
I think a lot more now that I have a son about what happens after I'm gone.
if it weren't for Bitcoin, it'd probably be pretty nihilistic.
I'd probably be pretty, I don't know, pretty down in the dumps

(01:33:48):
about the state of the world and where it might be going.
And that's not to say that I don't think things are going to get dark and confusing
and, again, a bit violent in the years to come here for a short time.
But what we have on the other side of that, I think, is what's important.

(01:34:09):
And it's something really powerful.
Because we have Bitcoin.
Because we don't have to keep getting rat-fucked by the state.
That's what it ultimately comes down to.
Bitcoin is un-rat-fuckable technology, right?
It's a beautiful thing.

(01:34:31):
We have the chance to start again, a clean slate.
We have the chance to build a different kind of world than the boomers built.
We have a chance to fix the incentives.
We're watching Bitcoin right now.
And again, guys, I've never talked about price this much, I don't think, on any show.

(01:34:51):
I'm not even going to call this part of the Bitcoin podcast because I'm not going to put this in the RSS feed.
This exists for this moment in time.
But I don't think I've ever talked about price this much on the show.
But you know what? What we're watching in real time as we watch this price, currently at $125,174, infinitely printable fiat cuck buck petrodollar war dollars per Bitcoin.

(01:35:12):
What we're watching happen in real time is the repricing of the fiat system.
We are watching the fiat system trend to zero in terms of Bitcoin.
We are watching the fiat system go to its marginal cost of production.
The marginal cost of a fiat unit is zero.

(01:35:37):
It's a keystroke.
That's it.
We're watching fiat begin to express its true value as Bitcoin serves as our measuring stick
and shows us exactly how fiat is being repriced.
You know, everything within that fiat system is being repriced.

(01:35:57):
And again, if you're listening right now, like, man, we are so early.
We are so early to this party.
And I would encourage you like my, just like at a personal level right now, I, as a new
dad, I guess our first kid, um, he's 20 months right now.

(01:36:19):
I'm doing my best to juggle.
And this is a difficult juggle.
imagine any dad out there knows this. I'm doing my best to juggle. How do I create as much value
as possible and make as much money as possible right now to stack as many sats as possible right
now. But at the same time, there's a point of diminishing return there because what I really

(01:36:40):
want to do is spend time with my son and my wife and trying to find that balance of, okay, what,
what do I do right now in this, in this particular moment?
Do I need to keep working right now or,
or should I just go take my son for a walk outside and go find some cool sticks

(01:37:01):
that look like guns? Maybe start a fire. You love starting fires.
Maybe I should just do that because like, I don't,
I don't need to push this a little bit more, but then it's like,
you're thinking more long-term. You're like, well,
I want to set and make sure my family's always set up and heaven forbid,
should anything happen to me.
I want to make sure that they're taken care of and they never have to worry

(01:37:21):
about a thing.
That's a tough thing to juggle right now.
And it's especially tough to juggle in the fiat system.
But thankfully,
because of Bitcoin,
there's less of a worry there.
There's less of a worry that I won't be able to make sure my family's okay
because I know that they'll have Bitcoin.
There's,
it's also just giving me a different,

(01:37:44):
I guess,
a different view on my priorities.
But I think for any,
for any young dads out there, you're feeling this struggle, right? And probably for old dads too.
I'm sure it's a constant struggle. I'm sure the struggle doesn't go away. I'm not trying to
discount the old dads out there. Even the boomer dads. There are many great boomer Bitcoiners. I've
met a lot of you. I can't wait to meet more. But this idea that how do you strike the balance

(01:38:11):
between wanting to make sure as a man, you take care of your family and you make sure they're
taken care of even if the worst should happen to you and you make sure that you have everything in
place to be able to set them up when hopefully you are there you know knock on wood for a very
very very long time you want to make sure that you can give them the the life that you want to give

(01:38:31):
them but ultimately it's like when anybody looks back in their deathbed right they're never like
i wish i would have made that extra ten thousand dollars or whatever like no nobody's ever it's
like, I wish I would have spent more time with my family. I wish I would have spent, like, that's
what everyone always says. I wish I would have spent, spent more time. I wish I would have been
home more. I wish I wouldn't, wish it wouldn't have worked so much. That's what everyone says.

(01:38:56):
Everyone. I mean, okay. Maybe not everyone. You can probably find a couple of examples, right? But
pretty much everyone's like on their deathbed and they're like, yeah, boy, I guess I should,
just should have been around more. Should have, you know, should have just been home more. Should
have just been present more. And so that's what I try to lead with. But at the same time, like,
obviously you can't just be a fucking bum that does nothing and you do need to produce value

(01:39:17):
you do need to make sure your family's taken care of of course and you should but man it's a hard
balance to strike it's a really hard balance to strike i don't have the answers i'm just literally
still figuring out i'm a new dad uh try to figure it out i don't think i'm gonna figure out the
answer i'm probably going to be on my deathbed someday being like yep didn't get it right probably

(01:39:40):
just going to have wished I would have spent even more time with my family and less time working.
But I don't know. It's hard, man. It's hard. But I am grateful because Bitcoin at least does give
us a much better chance to find that balance. And I think that that's really important. The
opportunity to find the balance because you can't find the balance in the fiat world. The fiat world

(01:40:03):
is a rat race, hamster wheel, whatever you want to say. It's impossible to find balance. There is
no balance in the fiat world. It just doesn't exist. With Bitcoin, we can find some balance
because you have the freedom to actually make the decision about what you want to do with your time.
You actually have the, you own your time more when you own Bitcoin because Bitcoin is the only thing

(01:40:25):
you can own. And I think that that's, I'm very grateful that Bitcoin exists for that. I mean,
thank God for Bitcoin. Man, I wish I could meet Satoshi someday just to shake, shake his hand,
have a beer boy and just thank him because man,
imagine the world without Bitcoin.

(01:40:46):
What a dark fucking place that would be.
Not a place I'd like to live in folks.
Not a place I'd like to live in.
Oh boy,
guys.
Sorry.
I got super serious there,
but it's like,
it is like one in the morning to be fair.
And I've had some beers.
So,
you know,
like what are you going to do?
We're at 125,126 infinitely printable fiat cuck bucks per Bitcoin.

(01:41:08):
What a day it is.
What do we have in the Noster chat here?
Chef Tommy, thank you for the zap.
I think there's been a couple other zaps I didn't thank people for.
Phil Mustang, thank you for the zap.
Oh, Uncle Jim, you're in here.
You just zapped 6969 sats.
I just saw your message on Signal 2.
I was looking over here at the side.
What's up, Uncle Jim?
Andy Nelson, thank you for the zap of 5,000 sats.

(01:41:32):
Shut a face.
Thank you for the zap.
Let's see.
Did I get everybody?
No, let's see.
Another Andy Nelson.
Thank you.
Sawzall.
Imposter.
Carmack Local Corner Store LCS.
Daniel, you son of a bitch.
Thanks for the zap.
And let's see.

(01:41:53):
Heather Larson.
Who else do we have?
A couple more.
Nakas 18.
Thank you.
Chris, thank you.
And the first zap of the night was from T-Dub.
Thank you.
Guys, it's nice to be here with you.
I hope you guys are having a good time.
I don't know if this is good.
I don't know if I'm good live streaming by myself.
I've actually,

(01:42:13):
I don't think I've actually ever done a live stream by myself,
but it just felt like an appropriate time.
I was either going to do this or I was going to edit Bitcoin podcasts.
And honestly,
so that's,
it's kind of like my nightly routine is Carl and I put our son to bed.
Eventually then I put Carla to bed because she sweet thing will usually

(01:42:36):
fall asleep far before me.
We were trying to watch the
Naked Gun Liam Neeson
version tonight, which
honestly I thought was just a good old-fashioned
slapstick comedy. We need more
of that. Just, you know,
no weird woke agenda in it.
Just like a, I don't know, just a
funny slapstick stupid movie.

(01:42:57):
Loved it. Pam
Anderson in there, too. Loved that her and
old Liam are, you know,
apparently together right now. That's like
as far as my gossip into Hollywood goes,
is I'm just like, apparently, you know,
Liam Neeson after losing his wife
and after many years decides like,
you know what, maybe I'll get back in the scene again
and it'll be with Pam Anderson.
It's like, bless you, sir.

(01:43:19):
Yeah, that's what a respect,
that's a respectful way to honor your wife's legacy
after many years.
And then if you were going to get back in the market,
like doing it with Pam Anderson,
like hats off to you, Qui-Gon Jinn.
You know what I mean?
Like, poof, boy, nice job.
But yeah, so moral of the story, she goes to bed, and this is the case most nights, goes
to bed far before me, and then I come to the old podcast studio.

(01:43:42):
Usually I do my editing, though, on a walking pad.
I am a walker, after all.
That's literally my name.
And usually I do my editing on a walking pad.
But tonight, I don't know, I didn't fucking feel like editing.
And so here we are.
We're still streaming.
What are we at price-wise, guys?
What are we at?
Let's see.
we're at $125,011.

(01:44:09):
That's Bitcoin so boring right now.
So boring.
Just chilling there at $125,000 per coin.
What a ridiculous thing.
I can't imagine how the people feel who have been in since like Bitcoin was,
you know, like $1,000 or $100 or $10 or $1.
Like I'm not one of those people.

(01:44:30):
But I still feel crazy that I was able to buy in the depths of the bear market,
stack some sats at like 16K, scrounging up whatever pennies I could.
Man, I can't imagine how people feel who have been in since God only knows when.
That fucking whale who sold, what was it, 80,000 Bitcoin?

(01:44:51):
That's just nuts.
I just can't even fathom $80 billion worth of Bitcoin.
I mean, it's worth more now, but like, just mind-blowing.
It's got to just be a trip.
It's amazing to see the world being repriced by autists.

(01:45:11):
You love to see it, right?
The world was controlled by psychopaths and is controlled by psychopaths right now.
There a great book John Ronson has called The Psychopath Test You should read it It short it quick It basically about how we see a ton of psychopathy at high levels of uh you know publicly traded companies
government, et cetera, et cetera. But I think that we're, we were in an era of psychopathic control

(01:45:38):
for a long time. We're still in that era. I think that we are transitioning to an era of
autistic control. And I think that's ultimately much better. Like the autists will do a better
job than the psychopaths did because, excuse me, autists can feel empathy. Even if they're bad at

(01:46:01):
dealing with people, it doesn't matter. They can still feel empathy. Psychopaths literally can't
feel empathy. They don't care about their fellow human. They don't care at all. They literally only
care about themselves. So like, which would you rather have running a company, a government,
whatever, like a psychopath or an autist? Well, I'll take an autist 10 times out of 10. We need

(01:46:23):
more autists in government and fewer psychopaths. But the problem is those psychopaths, they're
crafty fuckers. They are slick. They are slick motherfuckers. We need to root out that we need
to root out the communists. We need to root out the psychopaths, get them the fuck out of here
and get more autists in power.
That's what I have to say about that.

(01:46:44):
Milk, thank you for the zap.
420 sats.
Amazing stream, brother.
Thank you.
You're going to make me blush.
I realize when I say things like root out the communists,
that may sound a little questionable.
Luckily, the communists root themselves out
because modern communists can't wait to tell you
they're a fucking commie.

(01:47:05):
You know what I mean?
They cannot wait to be like, yeah, I'm a communist.
yeah you don't care about everyone you don't want everyone to be equal and just have a decent
standard of living and just you know you don't believe in universal health care and you don't
think health care is a human right and you don't think that you don't care about these like really
fucking banal talking points that i think sound really smart but actually just you know reveal

(01:47:26):
that i'm a big dumb fucking retard oh communists they're exhausting they're exhausting well maybe
I'll just give a repost of this stream and just say,
communists versus autists.
Communist psychopaths versus autists.

(01:47:46):
Yeah, there we go.
That's better.
Man, I'll just say, again,
we should really, really be ridiculing the commies
as much as possible.
Treat them worse than you would treat a Nazi.
Seriously.
Again, Nazis, bad.
This isn't Walker saying Nazis are good.

(01:48:08):
Like Nazis are bad.
That's a bad ideology.
Communism is a bad ideology.
You should just absolutely ridicule it.
And anybody who tried like, just like you can just very easily Google or ask any of the various chats.
Ask ChatGPT, ask Grok, ask Gemini, ask Claude, ask whichever, whichever chat you're currently, you're currently in a relationship with.

(01:48:34):
Just ask them like, which political ideology has resulted in more death?
Which one?
Fascism or communism?
And it'll try to do some weird moralizing at first.
You should actually try this.
It'll try to do some weird moralizing at first about how,
how some of them are like, well, fascism is,

(01:48:56):
you just got to be careful of it.
Ultimately, it'll be like, well, okay, you know, fascism,
maybe like, you know, five to 10 million.
And this is, again, assuming that the Nazis were fascists and not just actually like a weird psychotic breed of totalitarian socialists, whatever.
We don't even have to get into that.
We'll just call them fascists, right?
Say for the purpose of argument, the Nazis are fascists.

(01:49:18):
But it doesn't matter because the Nazis are a drop in the bucket compared to what the communists have done.
Again, order of magnitude, maybe more.
Commies just, a lot of people die.
A lot of people die.
And if they don't outright kill them, they starve to death,

(01:49:39):
which is honestly just like the worst.
This is going to be a super depressing stream, though, guys.
I'm sorry.
Let's pick this up a notch.
Let's talk about Caps Lock, Moon Boy, Bitcoin.
Okay, so I do a thing sometimes, guys.
I do this more so on X, less so on Nostra.

(01:49:59):
Noster is the only place where I try to every single day post the phrase, it's a beautiful day to be alive, with a picture of the sky wherever I happen to be looking at it when I'm touching grass at that particular moment.
I try to do that every day.
I don't always get it every day.
I live in the Midwest and sometimes the sky is a little bit murky.

(01:50:21):
We've had some great skies lately.
Leaves are changing right now.
It's beautiful.
What a time to be alive.
I love the fall.
but i try to post this every day on x on the other hand i tend to troll a lot more and post a lot more
engagement farming clickbait and one of the things i do which my wife absolutely hates but i think

(01:50:42):
secretly loves a little bit is i post uh i'll quote tweet something or just tweet something with
just are you paying attention in all caps um and this i thought was a very obvious tongue-in-cheek
like nod to all the caps lock moon boys who were like, here we go.
Trillions incoming, like buckle up. Uh,

(01:51:04):
apparently it's not so obvious to everyone, but again,
80% of people are functionally retarded. So that's a different, you know,
whatever. Uh, 79% technically like, uh,
we go by Pareto. Sure. It's 80, but Pareto is really just ripping off Fibonacci,
which is okay. But whatever, we won't get into the weeds here.
80% of people are too retarded to understand it anyway.

(01:51:25):
Um, but point being, I thought that this was really obvious that this was like a troll.
Apparently it's not because people are like, God, it's so obnoxious to you with your caps lock.
And I'm like, Oh my God, you guys, I'm trolling the caps lock people.
But apparently like you can't even do some really obvious satire anymore without people getting up in arms about it.
So I don't know.
Point being, boy, if you ever see me doing anything about an announcement of an announcement or anything in caps lock, it's almost certainly me trolling.

(01:51:54):
I just want to put that out there.
So I'm sorry if I deceived you guys.
I feel really bad about it, but I just thought it was obvious.
I don't know.
I don't know, man.
What are we at now?
My God.
Oh my God.
We've crashed 124,921 infinitely printable fiat cuck bucks per Bitcoin.

(01:52:19):
It's crazy.
They still let you exchange these little digital fiat scraps for Bitcoin.
Just wild.
Absolutely wild.
What a world.
What a world.
Boy, oh boy.
Guys, we'll see.

(01:52:40):
Oh my God, it's 121 right now.
I just love that the wife and son are just sleeping away peacefully right now.
Not a care in the world, as it should be.
meanwhile i'm out here in the trenches just bitcoin podcasting people don't understand
the life of the bitcoin podcaster i mean my god it's like i described this recently it's
basically like live streaming brain surgery on two different people at the same time to a hundred

(01:53:06):
thousand people and that's basically it's the weight the bitcoin podcaster carries on their
shoulders. It's, it's not easy. It's not easy. It really isn't. But you know, somebody has got to
do it. And if you're listening to this right now and you're like, this guy fucking sucks. I could
do a better job than him. You're right. You could. And you know what, Sonny, you should start a

(01:53:30):
Bitcoin podcast. You listening to this right now, you should start a Bitcoin podcast. You should
start it tonight. In fact, maybe not tonight, tonight, unless you're on European time, in which
case it's like it's it's this morning for you so in that case start it right away but yeah we need
more bitcoin podcasts you may think i suck but hey just listen to a trad fi podcast sometime

(01:53:55):
oh boy golly do they ever suck like they are the worst it is painful it's insane it's like not
financial advice it's like yeah but you're like you have like a financial advice podcast this is
this is terrible. How are you like, how are you getting away with this? How is any, like,
what is even happening right now? Seriously, if you really want to just like cook your noodle a

(01:54:18):
little bit, let's go listen to a TradFi podcast for like five minutes. And it's just, whoa,
I have an aneurysm. It's not good. It is not good at all, guys. Not good. But yeah,
let's see how much longer am I going to make it here? I mean, I was hoping we might like blow off
that blow off that 124, something, something, and you know, just like rip up to one 30.

(01:54:45):
It appears we're just hovering around like one 25, which is just so boring. Only 125,000
infinitely printable fiat cook bucks per Bitcoin. How sad, how very, very sad, but you know what?
We'll make it through. We will make it through. Um, also speaking of live streams, I do, I have
a new weekly show. This is a shill. I have a new weekly show. It's like, I was so thirsty.

(01:55:09):
I'm so thirsty. I have a new weekly show that I'm doing with
rocks and TV. It's usually on Tuesdays from one to four. Wait, one to four. Yeah. One to four
Eastern time. Uh, it's a live show. It's outside of the podcast as is this right now next week or

(01:55:31):
this coming week, I should say I'm doing it on Monday. So I guess that's, well, now it's like
tomorrow. Cause I guess today's technically Sunday already. So it's tomorrow. I'm doing it from,
I think like, let's see, let's see from two to 5 PM. It's got some travel on the next day,
but yeah, if you're listening to this right now and you're like, Hey, you're doing a terrible job

(01:55:55):
live streaming. I'm going to want to come on and talk to you in your live stream about how terrible
you are. I'll be doing more of them for three hours every week on Roxham. So if you want to
come and tell me how terrible I am, you can just shoot me a shoot me an email at hello at
Bitcoin podcast.net. And I might respond and schedule you on this. Sorry, I'm burpy guys,

(01:56:18):
I apologize. And schedule you on this, this Roxham show. I like what Roxham is doing. It's
They're going for like 24-7 Bitcoin news coverage, which is like not easy.
I'm not so great on the news side.
Like this is literally, I think like the first time I've ever done like a, you know, massive breaking stream.
I didn't even say, fuck, I forgot to say massive breaking.

(01:56:38):
I tweeted this out.
Like what an idiot, you know, I'm clearly bad at this.
But I'm usually not like a news type guy.
Just rather like sit down and have a conversation with people.
But in this case on Roxham, I'm also just sitting down and having a conversation with people.
but it's three hours that I have to fill.
So the cool thing is that I get to fill it with like,
uh,

(01:56:58):
with some interesting stuff,
right?
That's like,
it's like a long time to fill.
It's hard to go for three hours.
Honestly,
again,
Bitcoin podcasting,
everybody thinks it's easy.
It ain't.
It's a,
it's a hard knock life out there for a Bitcoin podcaster,
but you know what?
Somebody's got to do it.
And if you're listening to this right now,
you should be Bitcoin podcasting.

(01:57:19):
You could be talking shit to me in a concurrent Bitcoin podcast live stream.
telling me how terrible I'm doing. Imagine, just imagine how wonderful that would be.
I don't know, guys. How are we doing? I'm going to check back on Noster. If you're not on Noster
also, what are you doing? What are you doing? I truly wish you would just wake up and smell the

(01:57:43):
freedom over on Noster. I see that Uno has commented on Noster, Primal has streaming now.
yes primal sure does uh uh fountain occasionally i don't know if it's like totally rolled out or
if it's just for beta users but they've also enabled live streaming amethyst the amethyst
noster client has enabled it i'm sure that will uh over at damas will probably enable it pretty

(01:58:08):
soon too honestly it's awesome but if you're not just generally using noster you really should be
uh like why not right it's it's just a better vibe uh although we did bring some of the same
drama over there from bitcoin x like now that drama is fading out because the beautiful thing
about nostr is that bad vibes are not rewarded on nostr on central it's it's honestly what i've

(01:58:35):
come down to is like the core thesis and gg said it much more eloquently and with a cool presentation
in his cool voice. He has an awesome video. He's posted on YouTube now. It's, you wouldn't zap a
car crash. And I think that's honestly, you can, if you go on YouTube and just go zap a car crash,
it should pop up. But his thesis was you wouldn't zap a car crash. And I thought that was genuinely

(01:58:58):
so meaningful. It's this idea that a car crash is what, like everybody pays it. Everybody looks at
everybody pays attention to everybody's rubberneck and, you know, on centralized social media
platforms, the car crash gets all the attention too, right? Because it's what the algorithm feeds
to everybody because they know that people will look at it. Like everybody looks at the car crash,

(01:59:19):
but what you won't do is you won't zap a car crash. And I thought that it's such a simple
statement, but it's so powerful because it's the idea that you ultimately, you don't zap bad vibes,
you zap good vibes. You're not going to send Bitcoin to something that's a bad vibe.
like you might look at it but it's on Noster that you're not algorithmically baited with it for one

(01:59:43):
and for two you're certainly not going to zap it like you're not going to send a little slice of
21 million bitcoin to a car crash it's like this is why I just think the vibes on Noster are
necessarily better it's because like people are incentivized to post things with good vibes
they're not you you can of course you know like not everything has a good vibe like life isn't all

(02:00:05):
unicorn farts and rainbows and daisies or whatever.
Some things have bad vibes.
Some things are very difficult to talk about.
That's fine.
But that's going to happen.
Various news items from around the world.
Sure, there's fucking death and destruction happening all the time.
But on Noster, what gets amplified are the good vibes.

(02:00:29):
And I think that that's a powerful thing.
And so if you've been feeling a lot of bad vibes lately on X or Instagram or Facebook,
if you're a boomer and you still use that, come on over to Noster and check it out.
Like, it's just a better vibe.
And Uno, I just saw you also say that Walker's voice makes you sleepy.

(02:00:51):
It's true. I'm sorry.
It is my real voice for what it's worth.
Every time I post a video on YouTube, not every time, most of the times,
somebody will comment like, yeah, like I like,
I like the episode and everything,
but what about this guy's Batman filter?
He's got in his voice.
And I'm like, I don't know how to do a Batman filter on my voice.
I don't know how to do, I don't know how to do that.

(02:01:12):
This is just my voice.
So I don't know what to tell you.
It's just how I sound.
And I'm sorry.
Um, uh, fish kick.
I see you say on Noster, we want to take one podcast.
Wait, what did you, we want a take one podcast,
not another Bitcoin podcast.
Actually, I don't think you said podcast, but, you know, I get what you're going for there.

(02:01:36):
What else do we have over here?
K Maximus zapped 1111 sats.
Great post. Thumbs up. Thank you.
No story is the good news network, says Uno.
XO Blort says the pursuit of or return to freedom should not be controlled with the motivation of personal pride.
Fuck, that's very deep for this time of night.

(02:01:57):
XO Blort.
damn i was not uh i was not quite ready for that to be this deep but damn okay
i'm gonna go rethink my life choices thanks a lot exo blort exo blort also said satoshi walked away
wait oh fuck i lost his mouth the fuck this is why i need a producer guys somebody to bring

(02:02:20):
these things up in my this is getting i'm so sorry exo blort you had a great message and i
want to find it. Where did it go? We're going to find it. All right. No, I can't find it.
Satoshi walked away. Marxism is an outgrowth of a narcissistic worldview. It is through a life of
dissatisfaction, envy, or feelings of resentment that this person nurses the idea that it would

(02:02:41):
be better to change everything that is. Damn, I don't know who you are, but you're dropping some
really heavy truth bombs tonight. And that's a really great point.
and maybe I'll slowly start to wrap up on this because I should go to bed at some point or else
my wife's going to be like what time did you come to bed and I'll be like 4 a.m I was busy live

(02:03:02):
streaming she'll understand she's amazing but exo blur it you make a great point it's generally that
the root of the communist idea is envy um and you're right that dissatisfaction
the dissatisfaction necessarily must be stoked by the people who are trying to agitate

(02:03:28):
to bring about communism, right? That dissatisfaction necessarily must be stoked.
The envy that fire must be lit and must be just stoked up as well. These are the cornerstones of
communism. It's the quintessential class warfare, right? It's the us versus them.

(02:03:54):
And what I think is so sad right now is we're at a time where for people who are in Bitcoin,
we see that it's not the rich versus the poor, right? It's not that it's the billionaires versus
everybody else, that's a red herring, right? It's really because the billionaires are a symptom,

(02:04:19):
right? The billionaires aren't the disease. The billionaires aren't the, the root cause.
In most of the cases, like the billionaires like fucking a, like I can get shit delivered to my
house from Amazon. I can, I can order a, some, I can order a fucking microphone and it's delivered
literally the same day to my house. Like that's insane. Like Jeff Bezos, like, wow. Like somehow

(02:04:44):
this has all worked out. Granted, there's a whole other lot of things in terms of like access to
cheap, cheap, cheap, cheap credit that the average person can't get. And we like, we can get into all
that, but I don't have another several hours. Okay. The moral of the story is like, it's not
the billionaire's fault that we are where we are. It's not the billionaire's fault that people are

(02:05:05):
suffering. It's the fault of the money printers. It's the fault of the people that are in charge
of the creation of new units, new monetary units. It is ultimately their fault. And it may sound
sensationalist to say that Bitcoin fixes this. But there's a reason that we say Bitcoin fixes this.

(02:05:28):
We say Bitcoin fixes this because in most cases it fucking does. Because in most cases,
The problem that we're talking about is not actually the problem.
It's the symptom of the problem.
The actual problem is that there is a dislocation somewhere.

(02:05:49):
That there is a broken incentive structure somewhere.
That there is a market being manipulated somewhere.
And that is leading to bad incentives which drive bad outcomes.
And Bitcoin does fix that in most cases.
Now, Bitcoin doesn't fix you as a person.

(02:06:11):
Bitcoin doesn't fix me.
Bitcoin can help us to be better people because it changes the way we think.
It changes the way we think about time.
It changes the way we think about money.
It changes the way we think about so many things.
It sends us down so many different rabbit holes, but it doesn't fix us.
It's not going to fix what's deeply broken in you if there is something.
Maybe there's not.

(02:06:31):
Maybe you are perfect the way you are, and that's fantastic.
Good for you.
But if you have something broken in you, Bitcoin's not going to fix it.
It can help put you down that path.
But Bitcoin doesn't just magically fix things.
What it does fix is incentives.
And what it does fix at the individual level is it gives you a new perspective.
That is powerful.
And as it relates to, say, this fucking fiat world that we all still operate in,

(02:06:58):
Bitcoin gives anyone who's willing to learn an option.
You have an option.
You have the optionality.
You have a chance to say, fuck that.
I don't want to do that anymore.
I don't want to play that game anymore.
I want to do something else.
And I think that that's really meaningful.
It's been really meaningful for me.

(02:07:18):
Like, I was a very bad saver.
I just wasn't good at it until Bitcoin.
I didn't have stacks of cash lying around that I then, you know, when I got into Bitcoin,
I was like, well, let me just deploy these big fat sacks of cash or buy all the Bitcoins with them.
No, it was like, I just didn't, I didn't have like any savings because I was really bad at saving.

(02:07:40):
And I'm not going to like, that was, that was a me problem, but it's also a problem of the fiat
system because the fiat system does not incentivize saving because saving in fiat is a terrible idea.
spending in fiat is a great idea. Saving in fiat is a terrible idea.
And I think a lot of people are in the same camp as me where it's, you were a bad saver,

(02:08:02):
but since adopting Bitcoin, you've had the ability to be a great saver because it's simpler now.
You just stack sats. That's it. That's all you have to do. You just stack sats. And that's
honestly like what an amazing cheat code doesn't have to be complicated you don't have to study the

(02:08:25):
charts every day all day you just have to stack sats and you'll be okay and your family will be
okay and like your children will be okay and probably your grandchildren your great-grandchildren
will be okay because we are so fucking early we are still at the fucking innovators phase
of the tech adoption curve. We're not even to the early majority yet. We're not even close.

(02:08:50):
We're not even close. And like, I don't know, we've got a long way to go
in terms of Bitcoin repriced in the fiat world because it is still massively mispriced,
massively mispriced. It's going to take some time, but gradually then suddenly. So let's see.
I don't know, guys, I guess what I would leave you with, because if I don't leave you soon,

(02:09:11):
I'm just going to keep on rambling forever.
I hope that for everyone that's been here, I appreciate you guys.
Thank you for being here.
I hope it was okay.
I'm not used to live streaming by myself.
We'll check the Bitcoin price one more time.
1.24.852.

(02:09:32):
Sure.
Okay.
That's enough looking at the Bitcoin price.
I've had a nice time with you guys.
It's fun to be here at this place in space and time and aware of Bitcoin, isn't it?
Like, how lucky are we?
We get to experience this moment.
Like, there's only...

(02:09:54):
We're watching Bitcoin reprice the entire world in real time.
We're here. We're right here for it.
It's pretty fucking cool. Pretty incredible.
this is the only time you get to watch this happen it's not going to be quite as exciting
100 years down the line you know give us a few generations of separation it's it's not going to be

(02:10:18):
it's not going to be quite so uh quite so volatile let's say so it's cool to be here right now
what does the future look like when bitcoin's ubiquitous do we still have bitcoin conferences
do we still have bitcoin meetups does that still exist i forget who it was i was talking to the
other day, but I was asking about that and they were like, well, there's still gold conferences

(02:10:40):
and gold's been around for like 5,000 years. And I was like, oh, you know what? Actually,
touche. Okay. Didn't give it. Yeah. Fair enough. Gold can do it. So we've got maybe like,
maybe we have 5,000 years of Bitcoin conferences left. I don't know. I don't know. But it's pretty
amazing to be here right now. There's only like this, this time is, is, is very, very singular.

(02:11:01):
We should use our time as best we can.
If you're a young parent like I am, spend as much time as you can with your family.
Try to find that balance between attempting to stack as many sats as you can
and also stack as much time as you can.
It's like, you can only stack more sats in the future.
You can never get back time.

(02:11:23):
That's what I keep coming back to, right?
TikTok next block.
Boy, that really applies to your time.
That's your life going by.
so I'm trying to find that balance right now if anybody has the secret I'd love to know it
for me right now the secret is spend as much time as I can while my wife and son are awake and when
they go to bed just bitcoin podcast that seems to be working out okay so far so we'll see I'll keep

(02:11:48):
it going for now but I appreciate you guys to do and I appreciate everybody on Noster there was a
lot of activity in this chat guys i'm to like go back and read all of it i only read some of it
too busy listening to the sound of my own voice you know um but i i do appreciate everybody who
hopped in here so i don't know where what time it is for all of you guys but it's 1 43 a.m so maybe

(02:12:11):
i'll chef tommy thank you for the zap by the way uh much appreciated and uh oh i think i already
thanked k maximus uh for the zap as well but i'll just say thank you again oh god talking this much
it really makes one's mouth dry. Perhaps I'll end now. Now I've got to think of something very

(02:12:32):
profound and important to say before I leave. I guess I would say a couple of things. The first
is please do remember if you are ever in a conversation with somebody and they tell you
that they're a communist, tell them to fuck themselves because they're a genocidal maniac.
make sure they know it
fuck those communists

(02:12:53):
call a communist a retard
every day
every day
make sure you do
because they are
they're murderous retards too
it's just the worst kind
so make sure you just
absolutely verbally

(02:13:13):
eviscerate a commie
because if you don't
verbally eviscerate them now
they will literally try to kill you later because that's what communists do every time,
every damn time. The other thing I would say is remember I got to a point with orange pilling

(02:13:34):
where I got so frustrated after so many, I had many successful attempts at orange pilling,
but I got to a point where I think I got very frustrated because, you know, you get shut down
a lot as well. And then you get to a point after that, I think, where you realize,
ah, I'm not going to orange pill anyone. Like I can't actually, I'm not force feeding anyone

(02:13:59):
the orange pill. That doesn't exist. It's not the orange suppository. You're not jamming it up their
ass, hopefully. And if you do, it's not going to, it's not going to work. You know, they have to
willingly take it. They have to take it themselves. And if they're going to take it themselves,
like it has to be them wanting to do it.
And so if you want somebody to do it,
you have to make the case.

(02:14:20):
But that old saying of, you know,
you can lead a horse to water,
but you can't make it drink rings very true.
Do what you can to give people information,
but it's not actually your job
to bring them over the finish line.
You can do everything you can
and you should do everything you can
for your family, your parents, your siblings, in-laws, whatever.

(02:14:49):
To me, it's like make sure you can orange pill them
because those are the people you want to make sure are in it.
Are you going to get your Uncle Jim?
Probably not.
I mean, eventually he's going to be a Bitcoin, not anytime soon.
so do what you can to orange people to to give the orange pill to the people you care most about

(02:15:12):
but recognize that they must take it for themselves you cannot force it on them they will only do it
when they're ready and you'll save yourself a lot of a lot of headache the last thing i'll say
and i'm thinking about it on the spot i'm trying to think what would the cool last thing to say be
on this stream because man, I'm tired. I guess the last thing I would say is I'm not being sarcastic

(02:15:36):
when I say you should start a Bitcoin podcast or just any podcast. I genuinely mean that.
And I think it's important because you, whoever you are listening to this right now, you don't know
who you may impact, who your voice may speak to, who your character, your personality may resonate

(02:15:58):
with and if you feel passionately about bitcoin or about noster you can don't it doesn't have to
be just a bitcoin pocket it doesn't have to be about either of them exclusively also
it can just be a podcast you are the media now like in in a non-cliched way like you are the
media now it's super powerful like you you as a random fucking pleb can get more views than any

(02:16:26):
than your local Fox News station.
Like, seriously.
Like, my fucking wife's big toe
will get more views than Jimmy Kimmel.
This is a different era that we're in.
And especially as we enter an era
where so much is AI generated,
one thing you can't generate with AI
is trust in your fellow human.

(02:16:48):
You can create an avatar of them, sure.
But you can't engender trust
in another human with it.
Like it just doesn't work, right?
So being a real authentic and human voice
and starting a damn podcast can actually make a difference.

(02:17:10):
Because even if you end up just getting a couple of people,
a handful of people to try Noster and start stacking in Bitcoin,
I don't know, I think that's a win.
I think that's successful.
and it's incredibly successful actually you've just changed because for anybody who's here who's
listening and probably that's the only people that are listening right now are people that are on on

(02:17:33):
noster and are stacking bitcoin if you're doing those things somebody changed your life at some
point somebody changed your life when you started deciding to say i'm i'm i'm gonna stack bitcoin
you know like this is uh hold on now i've got double double audio here jesus christ so bad
streaming. My point being, you never know what, who your voice is going to resonate with. You

(02:17:58):
never know what kind of message that you're delivering may change someone's life. And like,
for me, it's like, I'm like Guy Swan and Peter McCormack literally changed my life. Like I
listened to their podcasts and they sent me deeper and deeper and deeper down the Bitcoin rabbit hole.
Those guys changed my life with a fucking podcast. I'm sure there's a lot of stories out there like

(02:18:22):
that. That's pretty fucking cool. And we're at a time where I want to see as many people as
possible learn about Bitcoin. As many of my fellow plebs as possible learn about Bitcoin. The suits
are here. They're not going away. Fucking spooks are here. They've been here for a while. They're
not going away. What I want is for the plebs to learn about Bitcoin as much as possible,

(02:18:44):
as much as is humanly possible. And so you don't have to, but if you feel like it,
Start a fucking podcast.
Start talking to your fellow clubs.
You might just change somebody's life.
All right, guys.
With that, that's enough of a sermon from me.

(02:19:05):
Thank you to everybody who joined.
I appreciate you guys.
I'm going to bed, I think.
No more editing for me tonight.
It's just great.
I didn't feel like editing anyway.
I was far too tired and just didn't feel like it.
But so I appreciate you guys hanging out with me.
I hope this was a decent live stream.
I haven't done one like this before.

(02:19:26):
I hope it was okay.
I hope you enjoyed it.
I hope you found it valuable.
I appreciate very much.
Thank you to everybody.
Sincerely who zapped me on Noster.
I appreciate you sending.
Seriously, like you just sent me a fraction of the only completely finite thing in the entire world, which is Bitcoin.
So thank you to everybody who zapped me.
I sincerely, sincerely appreciate it.

(02:19:47):
thank you to everybody who checks out the Bitcoin podcast on a regular basis.
I appreciate you guys a lot.
I have a lot of fun doing it.
And I'm going to keep doing it.
And yeah, I'm going to burp more.
I'm sorry.
I'm really guys.
I'm a terrible live streamer.
But sincerely, thank you for sharing your scarce time with me.

(02:20:11):
Thank you for listening to another fucking Bitcoin podcast.
well and until next time stay free now i'm gonna go ahead and cut this stream
because i don't know how to end it if i don't stop talking

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