1
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Alright, did you saw that fucking thing with that girl? That went a bit viral, the
thing with that girl.

2
00:00:11,000 --> 00:00:15,000
Yes, I know what you're talking about. But I don't know this person actually.

3
00:00:15,000 --> 00:00:17,000
Do you want me to describe it a bit?

4
00:00:17,000 --> 00:00:18,000
Glozal.

5
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I can't touch the tweet anymore.

6
00:00:20,000 --> 00:00:28,000
She's supposedly a Bitcoin Core developer, and then she changed her Tinder profile
to ask about Bitcoin.

7
00:00:28,000 --> 00:00:39,000
Yeah, so the girl's name on Twitter, she is, oh, her Twitter is like, you can't see
her Twitter if you're not one of her followers.

8
00:00:39,000 --> 00:00:40,000
Her name is Gloria.

9
00:00:40,000 --> 00:00:41,000
Oh, that's weird.

10
00:00:41,000 --> 00:00:46,000
Her name is Gloria. She looks really cute, by the way. I think she's very young.
She's like a 22-year-old girl.

11
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And she posted this thing on Twitter that, oh my God, I need help with Bitcoin,
right? And she's somewhere in Silicon Valley.

12
00:00:54,000 --> 00:00:59,000
And the thing is that she contributes to Core to some degree. I don't know what she
does exactly, I didn't check out.

13
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And then, oh my God, look how funny it was that me, who's a Core developer, is
getting helped by these guys.

14
00:01:05,000 --> 00:01:10,000
And you know what? Look, I don't want to be mean, and I don't want to piss anyone
out, and I think I will, though.

15
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But get your fucking daddy's issues straight, alright? Like, look, what the fuck is
this?

16
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I feel like, you know what, I was the only one who was like, wait, so this girl goes
like, hey, give me some attention.

17
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I need some attention. Look at me, give me attention. And someone goes like, well,
okay, here's your attention.

18
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That's why we're on a dating app, because you're a female, and I'm going to try to
do everything and try to overcompensate

19
00:01:32,000 --> 00:01:35,000
and try to get her attention and elliptic curve multiplication and whatever.

20
00:01:35,000 --> 00:01:39,000
And then she's like, ha, ha, ha, look at you. What? What is that?

21
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I agree with you that it was predictable and sort of manipulative, but it's kind of
like these poor men.

22
00:01:47,000 --> 00:01:55,000
Again, it's a question of who's scamming who. Like, is Tinder scamming women?

23
00:01:55,000 --> 00:02:02,000
Or is it scamming some men, like the bottom whatever, 80% of men or whatever that
means?

24
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Or is it, like, who is this, who is the spell being cast on?

25
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Who's being just driven to the rocks? I don't know.

26
00:02:12,000 --> 00:02:18,000
But it's just more of a sign of our modern times where people interact through the
medium of these apps.

27
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And yeah, I don't know. I mean, it was worth a laugh.

28
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I mean, putting it on – intentionally doing it and then putting it on Twitter to,
like, show the whole world, kind of mean-spirited.

29
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But whatever. What are you going to do?

30
00:02:32,000 --> 00:02:38,000
It's terrible, isn't it? Like, who even – that's why I'm like – yeah.

31
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Well, one second right now. Let's just put it like this. I've been spending a bit of
time myself on a dating app.

32
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So let's say you're on a dating app, right? And you see a girl that talks about it.

33
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It's like you're going to jump off your chair and you're going to be like, oh my
god, I can't believe it, right?

34
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And then this girl is, like, mocking you for, like, actually really showing interest
in what she said.

35
00:02:57,000 --> 00:03:01,000
It's like, I mean, that's a bit – it's like, what the fuck are we talking about
here, right?

36
00:03:01,000 --> 00:03:04,000
Yeah, there's a good XKCD.

37
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There's an XKCD where there's, like, the guy and the girl sitting next to each other
on a bus or a train or something.

38
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And the guy is thinking about – he's going over his head all the different ways he
might, like, approach the girl and say something.

39
00:03:22,000 --> 00:03:28,000
And he's, like, trying this stuff, but he's imagining all the ways it could go
wrong.

40
00:03:28,000 --> 00:03:43,000
And he's imagining the girl will just, like, freak out and tell everyone that he's a
creep and call all her friends and post pictures of him online and stuff and say
that he's a loser.

41
00:03:43,000 --> 00:03:45,000
So he just doesn't say anything.

42
00:03:45,000 --> 00:03:54,000
And then the last frame is the girl, and she's like, dear diary, like, cute guy on
train still won't talk to me or something.

43
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And it's, like, this kind of tragedy of isolation.

44
00:03:57,000 --> 00:04:02,000
So it's kind of like, you know, do you want the sexist to trust each other or not?

45
00:04:02,000 --> 00:04:06,000
But I guess that ship has sailed.

46
00:04:06,000 --> 00:04:08,000
Oh, by the way, this just came to me right now.

47
00:04:08,000 --> 00:04:18,000
If the people on the Twitter would have believed in efficient markets and they see,
like, there's this $20 bill in the middle of Madison Square Garden and no one is
touching her, right?

48
00:04:18,000 --> 00:04:19,000
Yeah, exactly.

49
00:04:19,000 --> 00:04:20,000
It's got to be real.

50
00:04:20,000 --> 00:04:21,000
This is too good to be true.

51
00:04:21,000 --> 00:04:22,000
Oh, my god.

52
00:04:22,000 --> 00:04:23,000
Yeah, I agree.

53
00:04:23,000 --> 00:04:24,000
But that's the joke.

54
00:04:24,000 --> 00:04:25,000
Efficient markets would have saved it.

55
00:04:25,000 --> 00:04:31,000
No, but that's the joke is those guys who took the bait, they didn't believe in
efficient markets.

56
00:04:32,000 --> 00:04:36,000
If they did, they would have said, this is too good to be true.

57
00:04:36,000 --> 00:04:38,000
This is a trick to be tricked.

58
00:04:38,000 --> 00:04:43,000
Now, you know, again, I probably is going to feel like we're talking shit about his
girl, which I really don't want us.

59
00:04:43,000 --> 00:04:44,000
I don't want it to feel like that.

60
00:04:44,000 --> 00:04:45,000
But I have no idea this person.

61
00:04:45,000 --> 00:04:51,000
I have no idea if she really even is a girl, you know, because sometimes people just
put fake photos.

62
00:04:51,000 --> 00:04:52,000
One second.

63
00:04:52,000 --> 00:04:53,000
One second.

64
00:04:53,000 --> 00:04:54,000
She's being honest to follow her.

65
00:04:54,000 --> 00:04:55,000
Right now.

66
00:04:55,000 --> 00:04:56,000
Here's the thing right now.

67
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I'm listening.

68
00:04:57,000 --> 00:04:58,000
I haven't seen it.

69
00:04:58,000 --> 00:05:01,000
Well, anyway, I'm listening to Stefano Rivera because I don't know.

70
00:05:01,000 --> 00:05:02,000
I see that there's this girl and whatever.

71
00:05:02,000 --> 00:05:03,000
And I don't want to listen there.

72
00:05:03,000 --> 00:05:05,000
And I turn on the Stefano Rivera.

73
00:05:05,000 --> 00:05:06,000
The intro comes in.

74
00:05:06,000 --> 00:05:07,000
And then she comes with her voice.

75
00:05:07,000 --> 00:05:11,000
And she says, like, oh, I'm so lucky that I turn it off.

76
00:05:11,000 --> 00:05:12,000
Like, you know what?

77
00:05:12,000 --> 00:05:13,000
I was weird.

78
00:05:13,000 --> 00:05:16,000
I was like, why would I want to listen to someone who's telling me they're lucky?

79
00:05:16,000 --> 00:05:20,000
The only lucky people I want to listen to is the miners where they produce the hash.

80
00:05:20,000 --> 00:05:24,000
Other than that, they should never listen to a person that considers themselves
lucky.

81
00:05:24,000 --> 00:05:25,000
You know what I'm trying to say?

82
00:05:25,000 --> 00:05:27,000
But it's just supposed to be humility.

83
00:05:28,000 --> 00:05:29,000
Yeah.

84
00:05:29,000 --> 00:05:33,000
But you see, I don't believe it's like that doesn't make any sense to be here.

85
00:05:33,000 --> 00:05:34,000
I don't know.

86
00:05:34,000 --> 00:05:35,000
Really?

87
00:05:35,000 --> 00:05:36,000
Yeah.

88
00:05:36,000 --> 00:05:41,000
I think anyone who's successful, I think, knows that it takes a lot of hard work,
natural

89
00:05:41,000 --> 00:05:42,000
talent.

90
00:05:42,000 --> 00:05:46,000
So like a good match between you and the problem.

91
00:05:46,000 --> 00:05:48,000
And then a lot of luck.

92
00:05:48,000 --> 00:05:49,000
I disagree.

93
00:05:49,000 --> 00:05:53,000
Those are the three ingredients that are needed for greatness.

94
00:05:53,000 --> 00:05:54,000
You know what?

95
00:05:54,000 --> 00:05:58,000
I think there is some portion of luck that plays out and some people have it better
and

96
00:05:58,000 --> 00:05:59,000
whatever.

97
00:05:59,000 --> 00:06:02,000
But if you do something every day and you do it a lot, you're going to be meaning
it.

98
00:06:02,000 --> 00:06:04,000
Of course, it helps not to get run by a car.

99
00:06:04,000 --> 00:06:05,000
Don't get me wrong.

100
00:06:05,000 --> 00:06:06,000
Right.

101
00:06:06,000 --> 00:06:07,000
Or to get your hands chopped off.

102
00:06:07,000 --> 00:06:08,000
Yeah.

103
00:06:08,000 --> 00:06:09,000
There's a lot of things.

104
00:06:09,000 --> 00:06:10,000
Anything can happen.

105
00:06:10,000 --> 00:06:11,000
You can have all kinds of misfortune.

106
00:06:11,000 --> 00:06:14,000
But then there's also a look at other people who are trying to make it in Hollywood
or

107
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whatever.

108
00:06:15,000 --> 00:06:16,000
Yeah.

109
00:06:16,000 --> 00:06:18,000
But many of them are probably great actors.

110
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We don't know.

111
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But many of them are probably great, but they just don't have that break.

112
00:06:22,000 --> 00:06:23,000
You know?

113
00:06:23,000 --> 00:06:24,000
I don't believe in that.

114
00:06:24,000 --> 00:06:28,000
I think that, you know, if you want to, it's the same with Michael Jordan.

115
00:06:28,000 --> 00:06:30,000
It's like, well, why did Michael Jordan win the NBA?

116
00:06:30,000 --> 00:06:31,000
There are other people who play good.

117
00:06:31,000 --> 00:06:33,000
Well, there was this other thing you have to be better at.

118
00:06:33,000 --> 00:06:35,000
And somehow other people found that also.

119
00:06:35,000 --> 00:06:36,000
I don't know.

120
00:06:36,000 --> 00:06:37,000
I mean, there's.

121
00:06:37,000 --> 00:06:38,000
I don't know.

122
00:06:38,000 --> 00:06:41,000
How do you know that there aren't like 5,000 other Michael Jordan talented people?

123
00:06:41,000 --> 00:06:42,000
I'm sure there are.

124
00:06:42,000 --> 00:06:43,000
But that's not the point.

125
00:06:43,000 --> 00:06:44,000
There's this book I read.

126
00:06:44,000 --> 00:06:45,000
What is the point?

127
00:06:45,000 --> 00:06:46,000
Did you ever read this book called Grit?

128
00:06:46,000 --> 00:06:47,000
No.

129
00:06:47,000 --> 00:06:51,000
Well, anyway, in this book, there's this woman called Angela Duckworth.

130
00:06:51,000 --> 00:06:53,000
She analyzes a lot of like top performing people.

131
00:06:53,000 --> 00:06:58,000
And she tries to see like how much luck plays into things and da-da-da-da and
whatever.

132
00:06:58,000 --> 00:07:01,000
And anyway, she does it in a very scientific way.

133
00:07:01,000 --> 00:07:02,000
It's a real nice book.

134
00:07:02,000 --> 00:07:04,000
Well, how could she do that by only looking at the successful people?

135
00:07:04,000 --> 00:07:07,000
Anyway, the point that she's trying to make is that.

136
00:07:07,000 --> 00:07:11,000
Doesn't she know about like a randomized double-blind controlled study?

137
00:07:11,000 --> 00:07:13,000
That's like Science 101.

138
00:07:13,000 --> 00:07:14,000
I am.

139
00:07:14,000 --> 00:07:15,000
Don't bash the book.

140
00:07:15,000 --> 00:07:17,000
Listen, don't bash the book because I'm dumb and I can't explain it.

141
00:07:17,000 --> 00:07:19,000
The point is that she makes a really good case in this book, right?

142
00:07:19,000 --> 00:07:21,000
And I'm not even able to articulate that properly.

143
00:07:21,000 --> 00:07:23,000
I'm going to pour myself some water.

144
00:07:23,000 --> 00:07:26,000
Yeah, on why luck doesn't play out that much, right?

145
00:07:26,000 --> 00:07:28,000
And I tend to agree with that.

146
00:07:28,000 --> 00:07:29,000
I think it's just – I don't know.

147
00:07:29,000 --> 00:07:30,000
I don't like lucky people.

148
00:07:30,000 --> 00:07:32,000
If you say you're lucky, then I don't think it's interesting.

149
00:07:32,000 --> 00:07:33,000
You rolled a dice.

150
00:07:33,000 --> 00:07:34,000
So can anyone else.

151
00:07:34,000 --> 00:07:37,000
So why would I want to hear how you rolled a dice?

152
00:07:37,000 --> 00:07:40,000
Because luck is not the only factor.

153
00:07:40,000 --> 00:07:42,000
I know that very well.

154
00:07:42,000 --> 00:07:46,000
But when you say, oh, I was just very lucky, I'm like I don't want to listen to you,
dude.

155
00:07:46,000 --> 00:07:47,000
I don't care about that.

156
00:07:47,000 --> 00:07:50,000
Tell me how you did something like incredible and I'll listen to that.

157
00:07:50,000 --> 00:07:54,000
It's considered polite to lie and downplay everything and say that.

158
00:07:54,000 --> 00:07:56,000
Well, listen here, cocksucker.

159
00:07:56,000 --> 00:08:00,000
I don't fucking like to listen to people who lie, who do this in fake politeness.

160
00:08:00,000 --> 00:08:01,000
That's fucking bullshit.

161
00:08:01,000 --> 00:08:02,000
I don't have time for that.

162
00:08:02,000 --> 00:08:03,000
I don't want that.

163
00:08:03,000 --> 00:08:06,000
And if you're willing to lie to be polite and whatever, then go and do that.

164
00:08:06,000 --> 00:08:07,000
But I'm not going to listen.

165
00:08:07,000 --> 00:08:09,000
That's why I turned off the fucking podcast.

166
00:08:09,000 --> 00:08:11,000
That doesn't mean she's a mean person.

167
00:08:11,000 --> 00:08:12,000
That doesn't mean that's fine.

168
00:08:12,000 --> 00:08:13,000
But look, I don't have time for that, man.

169
00:08:13,000 --> 00:08:15,000
This is fucking Bitcoin.

170
00:08:15,000 --> 00:08:17,000
I don't have time for that.

171
00:08:17,000 --> 00:08:18,000
Anyway.

172
00:08:18,000 --> 00:08:19,000
Got it.

173
00:08:19,000 --> 00:08:20,000
Okay.

174
00:08:20,000 --> 00:08:21,000
Well, there you go.

175
00:08:21,000 --> 00:08:22,000
Anyway.

176
00:08:22,000 --> 00:08:23,000
Yeah, it's polite.

177
00:08:23,000 --> 00:08:24,000
I find it so weird.

178
00:08:24,000 --> 00:08:28,000
I got triggered by the fact that you find it that you think it's okay to lie just
because

179
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it's polite.

180
00:08:29,000 --> 00:08:30,000
It's such a dumb thing.

181
00:08:30,000 --> 00:08:34,000
Everyone is lying all the time about almost every single thing that they say and do.

182
00:08:34,000 --> 00:08:44,000
And a lot of it is sometimes like it's people don't want people want there to be a
pretext.

183
00:08:44,000 --> 00:08:47,000
So they say they're going.

184
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They get invited to a party.

185
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The party has entertainment, has something we're going to watch.

186
00:08:53,000 --> 00:08:58,000
Come over to my house and watch a movie.

187
00:08:58,000 --> 00:09:00,000
People like to pretend that it's about the movie.

188
00:09:00,000 --> 00:09:03,000
Really, they go over just because they're lonely and it's better to hang out with
friends.

189
00:09:03,000 --> 00:09:04,000
But you can't.

190
00:09:04,000 --> 00:09:05,000
No one can admit that out loud.

191
00:09:05,000 --> 00:09:09,000
So they have to say, oh, let's come over to my house and play Risk or something.

192
00:09:09,000 --> 00:09:10,000
You know what?

193
00:09:10,000 --> 00:09:11,000
Look, I think you're right.

194
00:09:11,000 --> 00:09:15,000
And of course, I could think of instances in my day when I did that thing.

195
00:09:15,000 --> 00:09:16,000
It allows people.

196
00:09:16,000 --> 00:09:18,000
It's a kind of it's a kind of allow.

197
00:09:18,000 --> 00:09:20,000
It's like it's like encryption.

198
00:09:20,000 --> 00:09:22,000
It lets people hide.

199
00:09:22,000 --> 00:09:29,000
It lets everyone mutually hide some of the things that they would rather not reveal.

200
00:09:29,000 --> 00:09:32,000
So as to make the group more effective.

201
00:09:32,000 --> 00:09:34,000
And you know what the name is for that?

202
00:09:34,000 --> 00:09:35,000
It's called insecurities.

203
00:09:35,000 --> 00:09:36,000
And everyone has them.

204
00:09:36,000 --> 00:09:37,000
Right.

205
00:09:37,000 --> 00:09:38,000
And as far as I'm concerned.

206
00:09:39,000 --> 00:09:41,000
And again, I'm not trying to say like, oh, my God.

207
00:09:41,000 --> 00:09:42,000
I know.

208
00:09:42,000 --> 00:09:43,000
But what should people do if they have them?

209
00:09:43,000 --> 00:09:45,000
They have to react to them.

210
00:09:45,000 --> 00:09:46,000
I don't know.

211
00:09:46,000 --> 00:09:48,000
Look, I don't have a prescription for that.

212
00:09:48,000 --> 00:09:53,000
All I'm trying to say is that I'm trying to lobby my point that that's not something
to aspire to.

213
00:09:53,000 --> 00:09:59,000
What I want to aspire to is the guy who's who finds these things, sees them, escapes
them and says that out loud.

214
00:09:59,000 --> 00:10:01,000
That's the person to admire and to look up to.

215
00:10:01,000 --> 00:10:04,000
Not the person who plays the whole social is the same as like.

216
00:10:04,000 --> 00:10:06,000
I don't know about that.

217
00:10:06,000 --> 00:10:09,000
I mean, don't you think sometimes discretion is the better part of valor?

218
00:10:09,000 --> 00:10:13,000
Sometimes people don't want a loose cannon.

219
00:10:13,000 --> 00:10:19,000
They say that guy that guy doesn't even that guy is some clueless autism person.

220
00:10:19,000 --> 00:10:23,000
They don't know any of the social rules, so they won't they won't get far at all.

221
00:10:23,000 --> 00:10:29,000
I have to betray that person or abandon that person because they don't know how the
game is played.

222
00:10:29,000 --> 00:10:31,000
So they're a loser.

223
00:10:31,000 --> 00:10:33,000
I mean, I'm sure that that happens.

224
00:10:33,000 --> 00:10:35,000
I mean, that definitely happens to me a lot.

225
00:10:35,000 --> 00:10:37,000
I can assure you that I think that happens.

226
00:10:37,000 --> 00:10:40,000
But at the end of the day, I.

227
00:10:40,000 --> 00:10:44,000
But if you do find people who don't play that rule and you play this whole.

228
00:10:44,000 --> 00:10:51,000
So pretty much the way that people play to have this weird frictions that gets in
the way of like things getting together because they need to show their
insecurities.

229
00:10:51,000 --> 00:10:57,000
But if you find people who see this and step out of this thing and they do it
directly, then you're going to have a very good interaction then.

230
00:10:57,000 --> 00:11:06,000
And whatever, even if there's just five people on the planet, if you find those five
people and you talk with them, your interactions are going to be so much more
pleasurable and so much work better.

231
00:11:06,000 --> 00:11:09,000
And that's also what Steve Jobs to call people, a players and B players.

232
00:11:09,000 --> 00:11:10,000
You know, that's the difference.

233
00:11:10,000 --> 00:11:13,000
At the end of the day, there's some people are that and some people are the other
way.

234
00:11:13,000 --> 00:11:15,000
No, but I don't think anyone is like that.

235
00:11:15,000 --> 00:11:20,000
Everyone lies constantly to themselves and to everyone else about everything they
say.

236
00:11:20,000 --> 00:11:22,000
So I don't even think you can find those five people.

237
00:11:23,000 --> 00:11:26,000
I'm not saying like five, five, five to five people who never lie.

238
00:11:26,000 --> 00:11:28,000
I'm trying to say five to five.

239
00:11:28,000 --> 00:11:30,000
Find the five people who don't lie about things.

240
00:11:30,000 --> 00:11:31,000
You also don't lie.

241
00:11:31,000 --> 00:11:36,000
Like maybe I will never lie about guitars or maybe I lied the least about guitars.

242
00:11:36,000 --> 00:11:38,000
And there are other people who like least about guitars.

243
00:11:38,000 --> 00:11:40,000
Well, then that's what people want to start a band with.

244
00:11:40,000 --> 00:11:41,000
You follow me?

245
00:11:41,000 --> 00:11:43,000
Of course, we're going to lie about other things.

246
00:11:43,000 --> 00:11:45,000
So that's kind of how I feel about it.

247
00:11:45,000 --> 00:11:49,000
And this whole like, let's be polite just to be polite thing.

248
00:11:49,000 --> 00:11:50,000
I don't know.

249
00:11:50,000 --> 00:11:55,000
But it's like, what about the so-called white lie?

250
00:11:55,000 --> 00:12:02,000
Where it's like someone asks you, how do I look before they go out on stage or
something?

251
00:12:02,000 --> 00:12:03,000
Yeah.

252
00:12:03,000 --> 00:12:08,000
And they're not really even, what they're asking you is an incredibly complicated
thing.

253
00:12:08,000 --> 00:12:11,000
That has a lot of layers.

254
00:12:11,000 --> 00:12:17,000
And it's like, and they just want to hear that they don't look terrible.

255
00:12:17,000 --> 00:12:21,000
And they only have time to hear like four or five words because they're about to go
on stage or something.

256
00:12:21,000 --> 00:12:27,000
And so there's no possible way that you can compress everything that you know and
believe into like a few words.

257
00:12:27,000 --> 00:12:29,000
So you just say, you look great.

258
00:12:29,000 --> 00:12:31,000
And then you throw them on stage.

259
00:12:31,000 --> 00:12:32,000
Yeah.

260
00:12:32,000 --> 00:12:34,000
Because what else are you going to say?

261
00:12:34,000 --> 00:12:35,000
But that's the so-called white lie.

262
00:12:35,000 --> 00:12:43,000
But what I'm saying is that is no more or less honest than basically any other thing
that has ever been said.

263
00:12:43,000 --> 00:12:45,000
Again, just depends.

264
00:12:46,000 --> 00:12:50,000
If you lie to me about like, I don't know.

265
00:12:50,000 --> 00:12:52,000
There's certain things I don't care that people lie about.

266
00:12:52,000 --> 00:12:58,000
Like let's say you're with a girl and she doesn't say she's going to the toilet
because girls don't want to say that.

267
00:12:58,000 --> 00:13:00,000
Or they take a shit and they say like, I'm going to powder my nose.

268
00:13:00,000 --> 00:13:02,000
Like, yeah, that's something I don't care about.

269
00:13:02,000 --> 00:13:05,000
But there's some things which I really care about.

270
00:13:05,000 --> 00:13:06,000
And again, that's fine.

271
00:13:06,000 --> 00:13:08,000
Because people don't, the details aren't important.

272
00:13:08,000 --> 00:13:13,000
So compressing them and just saying I'm going to go powder my nose, that is a
reasonable thing to do.

273
00:13:13,000 --> 00:13:14,000
And I'm fine with that.

274
00:13:14,000 --> 00:13:19,000
But there's some certain things, right, which I really do not – I try really hard
myself to not lie about.

275
00:13:19,000 --> 00:13:21,000
And those things I care about.

276
00:13:21,000 --> 00:13:24,000
And one thing that I care about is like, oh, I'm so lucky.

277
00:13:24,000 --> 00:13:25,000
That's one thing that I don't care about.

278
00:13:25,000 --> 00:13:27,000
Like I don't want you to tell me.

279
00:13:27,000 --> 00:13:28,000
How do you know maybe she was really lucky?

280
00:13:28,000 --> 00:13:29,000
How do you know that that was a lie?

281
00:13:29,000 --> 00:13:31,000
Well, I don't know if it was a lie.

282
00:13:31,000 --> 00:13:33,000
But if she really was really lucky, then here's the thing.

283
00:13:33,000 --> 00:13:34,000
Then you care even less.

284
00:13:34,000 --> 00:13:37,000
If she was really lucky and she just rolled a dice, then okay.

285
00:13:37,000 --> 00:13:38,000
Why is she on the show?

286
00:13:38,000 --> 00:13:39,000
No, no.

287
00:13:39,000 --> 00:13:40,000
She could be on the show.

288
00:13:40,000 --> 00:13:41,000
I'm not going to listen to it.

289
00:13:41,000 --> 00:13:42,000
Why would she go on the show?

290
00:13:42,000 --> 00:13:48,000
If it were really the case that it was purely luck, then she would just not – she
would say, thank you for inviting me on the show about it.

291
00:13:48,000 --> 00:13:49,000
I had nothing to do with it.

292
00:13:49,000 --> 00:13:50,000
It was all just luck.

293
00:13:50,000 --> 00:13:52,000
Yeah, but that's not my problem because –

294
00:13:52,000 --> 00:13:54,000
Like a freight train and transformed it.

295
00:13:54,000 --> 00:13:55,000
But that's not my problem.

296
00:13:55,000 --> 00:13:58,000
It's like people could make shows about lucky people.

297
00:13:58,000 --> 00:13:59,000
I'm sure there's shows about lottery winners.

298
00:13:59,000 --> 00:14:01,000
That's perfectly fine, right?

299
00:14:01,000 --> 00:14:04,000
My critic is – I'm trying to say I'm not going to listen to that.

300
00:14:04,000 --> 00:14:05,000
So there's two ways.

301
00:14:05,000 --> 00:14:11,000
You either are lucky, which is not interesting to me, or you're not lucky but you
think you're lucky because you want to play this weird game, which I don't want to
listen.

302
00:14:11,000 --> 00:14:13,000
So that's why I'm going to turn off the podcast.

303
00:14:13,000 --> 00:14:15,000
That's just how I go about things.

304
00:14:15,000 --> 00:14:16,000
I don't think people should go like this.

305
00:14:16,000 --> 00:14:19,000
I don't think your life is going to become better if you go about it like this.

306
00:14:19,000 --> 00:14:24,000
But that was the thing that when I heard, and this is the only context I had of her,
and I was like, oh, okay.

307
00:14:24,000 --> 00:14:25,000
She thinks she's lucky.

308
00:14:25,000 --> 00:14:26,000
All right.

309
00:14:26,000 --> 00:14:27,000
Well, great.

310
00:14:27,000 --> 00:14:29,000
I mean, I don't know, Paul.

311
00:14:29,000 --> 00:14:30,000
Say a number right now.

312
00:14:30,000 --> 00:14:32,000
Say the first number that comes to your head.

313
00:14:32,000 --> 00:14:33,000
367.

314
00:14:33,000 --> 00:14:34,000
Oh, my god.

315
00:14:34,000 --> 00:14:35,000
You're so lucky.

316
00:14:35,000 --> 00:14:36,000
It's like, what?

317
00:14:36,000 --> 00:14:37,000
That doesn't make any sense.

318
00:14:37,000 --> 00:14:38,000
It's like –

319
00:14:38,000 --> 00:14:39,000
Why?

320
00:14:39,000 --> 00:14:40,000
What did you want the number for?

321
00:14:41,000 --> 00:14:46,000
Just to prove that I could have interpreted some randomness in any way, but there's
nothing interesting about that, right?

322
00:14:46,000 --> 00:14:47,000
Is there?

323
00:14:47,000 --> 00:14:48,000
You can interpret anything.

324
00:14:48,000 --> 00:14:49,000
It doesn't have to be random.

325
00:14:49,000 --> 00:14:50,000
You can interpret it.

326
00:14:50,000 --> 00:14:56,000
If you interpret it in any way other than randomness, you'd be wrong, but anything
could be interpreted in any way.

327
00:14:56,000 --> 00:15:02,000
I like how you make everything super relativistic and super philosophical sometimes.

328
00:15:02,000 --> 00:15:04,000
I really like that.

329
00:15:04,000 --> 00:15:05,000
Okay.

330
00:15:05,000 --> 00:15:06,000
Great.

331
00:15:06,000 --> 00:15:08,000
Anyway, I don't have – by the way.

332
00:15:09,000 --> 00:15:14,000
I don't have anything wrong with that girl and whatever, but that's just how I felt
when I read that story.

333
00:15:14,000 --> 00:15:15,000
That's just me.

334
00:15:15,000 --> 00:15:20,000
I want to make that clear because clearly a lot of people – like this is how people
are going to start hating us.

335
00:15:20,000 --> 00:15:25,000
We're going to be the guys who hate it on the cute girl who contributes to Core and
all this.

336
00:15:25,000 --> 00:15:26,000
People already hate me.

337
00:15:26,000 --> 00:15:28,000
I don't know about you.

338
00:15:28,000 --> 00:15:29,000
You know what, man?

339
00:15:29,000 --> 00:15:30,000
I'm very hated.

340
00:15:30,000 --> 00:15:31,000
I'll be honest with you.

341
00:15:31,000 --> 00:15:35,000
I think that's true, and I don't think that's –

342
00:15:36,000 --> 00:15:40,000
I think the reason people hate is because –

343
00:15:40,000 --> 00:15:43,000
You're so much better than them.

344
00:15:43,000 --> 00:15:44,000
That's a joke.

345
00:15:44,000 --> 00:15:46,000
I think there is some truth to that.

346
00:15:46,000 --> 00:15:49,000
I don't think that's 100% true, but I think there is a bit of truth to that.

347
00:15:49,000 --> 00:15:50,000
I'll be honest.

348
00:15:50,000 --> 00:15:52,000
And it is because –

349
00:15:52,000 --> 00:15:55,000
Now you're just trying to butter me up.

350
00:15:55,000 --> 00:16:00,000
I don't think you're better than other people, but I think the way you present your
arguments in a way –

351
00:16:00,000 --> 00:16:01,000
See, this is the thing right now.

352
00:16:01,000 --> 00:16:05,000
You talk the truth about Lightning Network, and I don't think you said anything
outrageous,

353
00:16:05,000 --> 00:16:08,000
but I think when you put that in the wrong context and you don't polish it,

354
00:16:08,000 --> 00:16:12,000
people think that you're actually saying Lightning Network is bad in all contexts,

355
00:16:12,000 --> 00:16:13,000
which is not what you said.

356
00:16:13,000 --> 00:16:16,000
You just wanted to analyze it more precisely.

357
00:16:16,000 --> 00:16:23,000
I said the failure of the Lightning Network, and that's a consequence of Twitter
limiting the size where –

358
00:16:23,000 --> 00:16:24,000
I know.

359
00:16:24,000 --> 00:16:29,000
It would be better to expand that into a big paragraph about how it would be very
successful for some things

360
00:16:29,000 --> 00:16:34,000
but not the thing that most people obsessively ascribe to it.

361
00:16:34,000 --> 00:16:35,000
Yeah, I know, Paul.

362
00:16:35,000 --> 00:16:38,000
I know, but the thing is like in some way you are better than the other people

363
00:16:38,000 --> 00:16:40,000
because you didn't compress this information.

364
00:16:40,000 --> 00:16:41,000
You understood it.

365
00:16:41,000 --> 00:16:47,000
And you just said it like you said the correct thing, and that's why I think people
hate you.

366
00:16:47,000 --> 00:16:51,000
Yeah, Lightning will not be the big layer two that scales Bitcoin.

367
00:16:51,000 --> 00:16:53,000
That is what I mean by –

368
00:16:53,000 --> 00:16:54,000
Yeah, and I don't know.

369
00:16:54,000 --> 00:16:55,000
I mean I don't know if it's –

370
00:16:55,000 --> 00:17:00,000
I think it is going to scale to some degree and there's going to be some form of
things getting there,

371
00:17:00,000 --> 00:17:03,000
but I don't think that's the one or that's the only one.

372
00:17:03,000 --> 00:17:04,000
Yeah.

373
00:17:04,000 --> 00:17:07,000
Yeah, and is that really what Samuel Rodriguez, you're saying?

374
00:17:07,000 --> 00:17:09,000
Like really it's just one layer?

375
00:17:09,000 --> 00:17:10,000
No.

376
00:17:10,000 --> 00:17:11,000
Is it funny?

377
00:17:11,000 --> 00:17:12,000
Well, that's –

378
00:17:12,000 --> 00:17:16,000
Well, the culture is just Bitcoin equals Lightning Network equals layer two,

379
00:17:16,000 --> 00:17:20,000
just like they're just like totally overlapping now.

380
00:17:20,000 --> 00:17:21,000
Yeah, they are.

381
00:17:21,000 --> 00:17:22,000
They are.

382
00:17:22,000 --> 00:17:26,000
But the other thing is Bitcoin culture in general has become static.

383
00:17:26,000 --> 00:17:28,000
It's weak is the word you're looking for.

384
00:17:28,000 --> 00:17:29,000
It is.

385
00:17:29,000 --> 00:17:30,000
Yeah.

386
00:17:30,000 --> 00:17:31,000
Well, it is –

387
00:17:31,000 --> 00:17:33,000
Yeah, it's sad when it can't improve.

388
00:17:33,000 --> 00:17:35,000
When anything they can't improve will eventually die,

389
00:17:35,000 --> 00:17:41,000
and this culture has been stuck for at least a few years.

390
00:17:41,000 --> 00:17:46,000
I mean what new cultural ideas are there in BTC?

391
00:17:46,000 --> 00:17:49,000
I'll tell you which one they are, and that's why I call them weak.

392
00:17:49,000 --> 00:17:50,000
It's the eating meat –

393
00:17:50,000 --> 00:17:51,000
By the way, I –

394
00:17:51,000 --> 00:17:52,000
I know.

395
00:17:52,000 --> 00:17:58,000
All the new ones are like themselves degenerate static cult ideas that will
themselves become –

396
00:17:58,000 --> 00:18:01,000
That being said, I told you I'm kind of a carnivore.

397
00:18:01,000 --> 00:18:05,000
I only eat like once a week vegetables or stuff like that, and that was like –

398
00:18:05,000 --> 00:18:08,000
So I do subscribe to it, but the problem is the way it's portrayed

399
00:18:08,000 --> 00:18:10,000
and the way it's associated with Bitcoin.

400
00:18:10,000 --> 00:18:11,000
That's the issue here, right?

401
00:18:11,000 --> 00:18:12,000
Yeah.

402
00:18:12,000 --> 00:18:15,000
It's the idea that if you're a true Bitcoiner, you would only eat meat,

403
00:18:15,000 --> 00:18:18,000
and you would only eat raw meat and like whatever.

404
00:18:18,000 --> 00:18:20,000
It just becomes kind of crazy.

405
00:18:20,000 --> 00:18:22,000
Can you have barbecue sauce?

406
00:18:22,000 --> 00:18:25,000
Can you have barbecue sauce if you're on the carnivore diet?

407
00:18:25,000 --> 00:18:27,000
I mean I don't know.

408
00:18:27,000 --> 00:18:29,000
It depends how you go about it because there's multiple –

409
00:18:29,000 --> 00:18:30,000
Because that's not carnivore.

410
00:18:30,000 --> 00:18:33,000
That's like full of sugar and made-up corn syrup.

411
00:18:33,000 --> 00:18:34,000
Yeah, I don't know.

412
00:18:34,000 --> 00:18:35,000
It depends how you want to go about it.

413
00:18:35,000 --> 00:18:40,000
But by the way, you just explained what's happening when we started talking, right?

414
00:18:40,000 --> 00:18:44,000
It's just people want to get along with everyone else, man.

415
00:18:44,000 --> 00:18:45,000
That's just what it is.

416
00:18:45,000 --> 00:18:46,000
Yeah, right.

417
00:18:46,000 --> 00:18:47,000
Exactly.

418
00:18:47,000 --> 00:18:49,000
They don't actually believe in the Lightning Network.

419
00:18:49,000 --> 00:18:54,000
They just want everyone to have fun, and I'm like raining on the parade if I say
that.

420
00:18:54,000 --> 00:18:55,000
Yeah, and you know why?

421
00:18:55,000 --> 00:18:57,000
Yeah, but that's why I don't say it that often.

422
00:18:57,000 --> 00:18:58,000
I just say it every now and then.

423
00:18:58,000 --> 00:19:02,000
The reason I brought it up was to react to that one guy.

424
00:19:02,000 --> 00:19:05,000
It's funny because it's weird because you can recast everything I do

425
00:19:05,000 --> 00:19:09,000
as me being the greatest Bitcoin maximalist like on Twitter,

426
00:19:09,000 --> 00:19:13,000
but almost no one sees it that way because the only reason I brought it up at all

427
00:19:13,000 --> 00:19:18,000
was because the BSV guy was saying that BTC sucks because Lightning sucks,

428
00:19:18,000 --> 00:19:28,000
and I was saying actually BTC is awesome and will transcend failure of the Lightning
Network.

429
00:19:28,000 --> 00:19:31,000
That's a great BTC, and it will crush BSV.

430
00:19:31,000 --> 00:19:32,000
But see what I mean?

431
00:19:32,000 --> 00:19:35,000
I kind of bring it on myself because I could say it a different way.

432
00:19:35,000 --> 00:19:39,000
I could say like if you just put it in a different order, you say BSV sucks first,

433
00:19:39,000 --> 00:19:44,000
and then you say at the end, even if Lightning Network doesn't work, it won't
matter,

434
00:19:44,000 --> 00:19:46,000
and you get a totally different reaction.

435
00:19:46,000 --> 00:19:49,000
So I'm actually playing with people when I invert it on purpose,

436
00:19:49,000 --> 00:19:56,000
but at first I say the first sentences are the failure of the Lightning Network will
not harm BTC.

437
00:19:56,000 --> 00:20:01,000
So I'm doing it on purpose for those of you who are interested.

438
00:20:01,000 --> 00:20:04,000
It's like what Chris and Josh used to do on Bitcoin Uncensored.

439
00:20:04,000 --> 00:20:06,000
It's like I'm playing with people on purpose.

440
00:20:06,000 --> 00:20:09,000
No, but you're playing with people, but a joke ends up being on you.

441
00:20:09,000 --> 00:20:10,000
That's the fucking problem.

442
00:20:10,000 --> 00:20:11,000
Is it really on me though?

443
00:20:11,000 --> 00:20:12,000
Why is it on me?

444
00:20:12,000 --> 00:20:14,000
I'm doing it on purpose.

445
00:20:14,000 --> 00:20:16,000
You know why the joke is on you?

446
00:20:16,000 --> 00:20:23,000
Because people just have this false image of what you're working on and what your
work is,

447
00:20:23,000 --> 00:20:27,000
and you may not want to admit that, and God damn, we talked about it for a bit.

448
00:20:27,000 --> 00:20:31,000
But I think that's detrimental, and I don't know.

449
00:20:31,000 --> 00:20:33,000
Maybe you think it's not, but I think it is.

450
00:20:34,000 --> 00:20:37,000
But anyway, yeah, I don't know.

451
00:20:37,000 --> 00:20:39,000
Maybe, I don't know.

452
00:20:39,000 --> 00:20:40,000
Well, I mean, I definitely do know.

453
00:20:40,000 --> 00:20:44,000
It's true that – well, yeah, I mean a lot of people don't understand what I'm
working on,

454
00:20:44,000 --> 00:20:46,000
but that's always been the case.

455
00:20:46,000 --> 00:20:50,000
So I don't know if I can cast some kind of magic spell to fix that.

456
00:20:50,000 --> 00:20:53,000
Yeah, the magic spell is called getting better at communicating.

457
00:20:53,000 --> 00:20:55,000
It's not a magic thing.

458
00:20:55,000 --> 00:21:02,000
These people, as I've already explained, they wouldn't be real supporters.

459
00:21:02,000 --> 00:21:04,000
Just like they're not real supporters of the Lightning Network.

460
00:21:04,000 --> 00:21:05,000
They're fake supporters.

461
00:21:05,000 --> 00:21:07,000
Yeah, but the thing is like –

462
00:21:07,000 --> 00:21:08,000
They're fake. They're phonies.

463
00:21:08,000 --> 00:21:10,000
These are phony people.

464
00:21:10,000 --> 00:21:13,000
I don't want them anywhere near me or my project.

465
00:21:13,000 --> 00:21:15,000
See –

466
00:21:22,000 --> 00:21:24,000
That's the problem, dude.

467
00:21:24,000 --> 00:21:25,000
You just did it again.

468
00:21:25,000 --> 00:21:27,000
See, that's the problem.

469
00:21:27,000 --> 00:21:30,000
Saying shit like that is the problem.

470
00:21:30,000 --> 00:21:31,000
That's what I'm trying to tell you, man.

471
00:21:31,000 --> 00:21:32,000
Okay.

472
00:21:32,000 --> 00:21:34,000
That's the problem.

473
00:21:34,000 --> 00:21:38,000
Why would you – what the fuck are you – that's such a stupid – you don't even think
that's true.

474
00:21:38,000 --> 00:21:39,000
That's so stupid.

475
00:21:39,000 --> 00:21:40,000
Come on, let's be serious.

476
00:21:40,000 --> 00:21:47,000
Look, if you get 10,000 people, you're going to have five real people who understand
what you're doing.

477
00:21:47,000 --> 00:21:48,000
Five real. You're right.

478
00:21:48,000 --> 00:21:49,000
No, you're right.

479
00:21:49,000 --> 00:21:53,000
That is the difference is that you get some real people with the giant wave.

480
00:21:53,000 --> 00:21:54,000
You're right about that.

481
00:21:54,000 --> 00:21:58,000
I don't think you really don't want people around your project.

482
00:21:58,000 --> 00:21:59,000
Come on.

483
00:21:59,000 --> 00:22:01,000
You know that's not true.

484
00:22:01,000 --> 00:22:04,000
Well, I think some people cause more problems than they solve.

485
00:22:04,000 --> 00:22:06,000
That's definitely true.

486
00:22:06,000 --> 00:22:12,000
Can you admit that there is a bit of frustration on your side for people not really
understanding what you're doing?

487
00:22:12,000 --> 00:22:14,000
Well, that's true, but I don't think that has anything to do with this.

488
00:22:14,000 --> 00:22:15,000
Well, one second.

489
00:22:15,000 --> 00:22:17,000
Do you admit that's true?

490
00:22:17,000 --> 00:22:19,000
Are you a bit frustrated?

491
00:22:19,000 --> 00:22:21,000
Yes, that's true, yeah.

492
00:22:21,000 --> 00:22:24,000
And I think you have every right to be so, right?

493
00:22:24,000 --> 00:22:31,000
And then the thing is like when you look around in the Lightning Network, like you
are doing what the people think the Lightning Network is kind of doing, right?

494
00:22:31,000 --> 00:22:33,000
So, I get it.

495
00:22:33,000 --> 00:22:34,000
I get it, man.

496
00:22:34,000 --> 00:22:35,000
I totally get it.

497
00:22:35,000 --> 00:22:36,000
And it is frustrating.

498
00:22:36,000 --> 00:22:40,000
But the thing is that you have to find a meme.

499
00:22:40,000 --> 00:22:41,000
That's just how it is.

500
00:22:41,000 --> 00:22:43,000
That's why the Lightning Network works.

501
00:22:43,000 --> 00:22:44,000
Find a meme, yeah.

502
00:22:44,000 --> 00:22:45,000
Meme.

503
00:22:45,000 --> 00:22:51,000
And the way they found a meme, well, I don't know if the meme was found or whatever
happened.

504
00:22:51,000 --> 00:22:53,000
It turned into this crazy meme.

505
00:22:53,000 --> 00:23:00,000
The meme before this that was so powerful was the SegWit one, which was, again,
SegWit and everything else was HAL, right?

506
00:23:00,000 --> 00:23:03,000
You know when people used to go like, oh, that's not a SegWit address.

507
00:23:03,000 --> 00:23:04,000
Oh, what are you doing?

508
00:23:04,000 --> 00:23:05,000
You're killing Bitcoin, right?

509
00:23:05,000 --> 00:23:07,000
You're using addresses that somewhere were one.

510
00:23:07,000 --> 00:23:08,000
You're such a fucking piece of shit.

511
00:23:08,000 --> 00:23:12,000
And then the next one was just this Lightning thing, which was like, you're not
using Lightning.

512
00:23:12,000 --> 00:23:14,000
You're blah, blah, blah, and whatever.

513
00:23:14,000 --> 00:23:17,000
And I don't know if the meme evolved by itself.

514
00:23:17,000 --> 00:23:18,000
They usually do.

515
00:23:18,000 --> 00:23:20,000
Or someone created it.

516
00:23:20,000 --> 00:23:21,000
I don't think so.

517
00:23:21,000 --> 00:23:23,000
But, yeah, it helps to have a meme.

518
00:23:23,000 --> 00:23:24,000
You know what?

519
00:23:24,000 --> 00:23:25,000
Here's the funny thing.

520
00:23:25,000 --> 00:23:26,000
Definitely.

521
00:23:26,000 --> 00:23:32,000
This is exactly what you were saying about the powdering of the noise.

522
00:23:32,000 --> 00:23:35,000
Sometimes it works to just be able to say.

523
00:23:35,000 --> 00:23:36,000
Exactly.

524
00:23:36,000 --> 00:23:37,000
You're right.

525
00:23:37,000 --> 00:23:38,000
It is what I was saying.

526
00:23:38,000 --> 00:23:39,000
I should tell more.

527
00:23:39,000 --> 00:23:41,000
I should be more diplomatic and tell the white lies.

528
00:23:41,000 --> 00:23:42,000
But that's.

529
00:23:42,000 --> 00:23:43,000
There you go.

530
00:23:43,000 --> 00:23:46,000
You're assuming that, as I've said, I have a complicated purpose.

531
00:23:46,000 --> 00:23:47,000
And I don't necessarily.

532
00:23:47,000 --> 00:23:48,000
I know, man.

533
00:23:48,000 --> 00:23:49,000
I know.

534
00:23:49,000 --> 00:23:54,000
Sometimes it's fun for me to play with these people and let them think that I'm a
Bitcoin, a BTC skeptic or whatever.

535
00:23:54,000 --> 00:23:58,000
I don't even know what people think when they look from BSV and they get drawn into
this.

536
00:23:58,000 --> 00:24:01,000
People have said to me, like, Paul is a shit corner.

537
00:24:01,000 --> 00:24:02,000
Yeah.

538
00:24:02,000 --> 00:24:03,000
So I don't like.

539
00:24:03,000 --> 00:24:04,000
I only own BTC.

540
00:24:04,000 --> 00:24:06,000
I have like $50 of stuff to play with.

541
00:24:06,000 --> 00:24:09,000
Why are you apologizing, though, even if you would have other things?

542
00:24:09,000 --> 00:24:10,000
Why are you apologizing?

543
00:24:10,000 --> 00:24:11,000
I have more than that in shit.

544
00:24:11,000 --> 00:24:12,000
No, but I'm more.

545
00:24:12,000 --> 00:24:18,000
I'm much more of a Bitcoin maximalist than I think possibly anyone, to be honest.

546
00:24:18,000 --> 00:24:21,000
I don't know if you're more than me, but anyway, even though I said I have.

547
00:24:21,000 --> 00:24:25,000
Because it's like the obsession with sidechains.

548
00:24:25,000 --> 00:24:35,000
The trying to get the blocks size lowered on the main chain so that you can have a
large block sidechain.

549
00:24:35,000 --> 00:24:43,000
It's like all the stuff that I do is like way more productive as far as Bitcoin
maximalism is concerned.

550
00:24:43,000 --> 00:24:47,000
And then like whatever these other losers do on Twitter.

551
00:24:47,000 --> 00:24:54,000
I mean, you have to understand that's like they're LARPing on Twitter and trying to
have a complex scientific people.

552
00:24:54,000 --> 00:24:56,000
And you have to understand that at its heart.

553
00:24:56,000 --> 00:24:58,000
Look, it was hard for me to follow.

554
00:24:58,785 --> 00:25:25,785
Those papers, do you understand that it's just hard for anyone, even if you're more
smart than me, it's like still hard because it's a lot. So again, just tell them
you're powdering the nose or just tell them you look nice when you go on stage. And
that's pretty much it, but I normally do, though. I mean, I don't really. Do you
want me to pull up a tweet right now? Do you want me to? I don't really know, but I
think it's been Lightning Network. It's been like five or six years. And so mostly I
have not. That's not true. Mostly I have been very polite.

555
00:25:26,785 --> 00:25:30,785
About all kinds of things. It's only like once in a while.

556
00:25:35,785 --> 00:25:37,785
I'm trying to find the tweet. I'm sorry.

557
00:25:37,785 --> 00:25:44,785
And I don't and I now I'm getting much better at not going on Twitter that often. I
mean, Twitter totally sucks now. It's like.

558
00:25:44,785 --> 00:25:49,785
Dude, look, listen, you should go on Twitter. Just I don't know. I don't know. I
don't fucking know. I have no clue.

559
00:25:50,785 --> 00:25:55,785
Twitter is like, you know, Twitter is like the opposite of meditation because.

560
00:25:55,785 --> 00:25:57,785
Oh, yes, that's so true. That is.

561
00:25:57,785 --> 00:26:02,785
I never want to meditate, but every time I do, I'm like, that was the best time of
my life.

562
00:26:03,785 --> 00:26:07,785
So I can I have all this tricep. I think normal people have about like going to the
gym or whatever.

563
00:26:07,785 --> 00:26:11,785
It's like I'm in a bad habit where I can't meditate, even though I know it's great.

564
00:26:11,785 --> 00:26:20,785
And so I have to like really like schedule time and set everything up so that I can
just do it for like 20 minutes or let alone like 30 minutes or an hour.

565
00:26:20,785 --> 00:26:23,785
Do you want to do you want to do it before we start a show from now on?

566
00:26:24,785 --> 00:26:25,785
Probably should. That would be a good idea.

567
00:26:25,785 --> 00:26:29,785
I used to have a buddy of mine. We used to we used to come here to play guitar and
do some Bitcoin stuff.

568
00:26:30,785 --> 00:26:32,785
That would actually be a good idea. And that would actually be great.

569
00:26:32,785 --> 00:26:37,785
Listen, we would come here and he would knock at the door and we wouldn't say
anything. We weren't allowed to talk with Jerry.

570
00:26:37,785 --> 00:26:41,785
He takes off his shoes. He'd go there and we both meditated for 10 minutes. It was
so nice.

571
00:26:42,785 --> 00:26:44,785
And it really cleared all our minds.

572
00:26:44,785 --> 00:26:46,785
Yeah, that's good. I like that idea.

573
00:26:47,785 --> 00:26:51,785
Yeah, I would like to do it when I do it for an hour. I'm like, that was the
greatest hour of my life.

574
00:26:51,785 --> 00:26:54,785
You know, it was like, but then with Twitter, it's the exact opposite.

575
00:26:54,785 --> 00:26:59,785
It's always like if you're like in an elevator or something, you can just take out
my phone and check Twitter.

576
00:26:59,785 --> 00:27:05,785
It's so easy to get into Twitter. So it's reaching its little fingers into your
brain.

577
00:27:06,785 --> 00:27:10,785
And then whenever you use Twitter, you're like, I feel terrible. I can't really use
Twitter today.

578
00:27:10,785 --> 00:27:12,785
I know. I feel exactly the same way.

579
00:27:12,785 --> 00:27:14,785
Smash my phone with a hammer and destroy it.

580
00:27:16,785 --> 00:27:22,785
Anyway, I feel the same way. But you know what? The thing is that I think that
that's one way to approach Bitcoin and go about things.

581
00:27:23,785 --> 00:27:29,785
And there's other ways. And there are some people who would subscribe to this other
ways, more how we see things.

582
00:27:29,785 --> 00:27:32,785
But there's no one talking. There's no place to subscribe to them.

583
00:27:32,785 --> 00:27:37,785
So, you know, this is the opportunity to make Bitcoin great again. It's upon us.
That's our responsibility.

584
00:27:38,785 --> 00:27:43,785
Okay. Yeah. Good luck with that to us because I don't know if we're going to be able
to make that happen.

585
00:27:43,785 --> 00:27:44,785
Why not?

586
00:27:45,785 --> 00:27:46,785
Well, I mean.

587
00:27:50,785 --> 00:27:51,785
Well, okay. So.

588
00:27:54,785 --> 00:27:55,785
You're a Romanian guy, yes?

589
00:27:56,785 --> 00:27:57,785
Yes.

590
00:27:57,785 --> 00:28:02,785
And this is not well known that Romanians are actually terrible at Bitcoin
podcasting.

591
00:28:03,785 --> 00:28:04,785
Dude.

592
00:28:04,785 --> 00:28:05,785
I don't know if you know that.

593
00:28:05,785 --> 00:28:07,785
I share the same blood with Mircea Popescu.

594
00:28:07,785 --> 00:28:10,785
I just thought of that joke. That was the joke I thought of.

595
00:28:11,785 --> 00:28:13,785
I share the same blood with Mircea Popescu.

596
00:28:14,785 --> 00:28:15,785
Oh my God.

597
00:28:15,785 --> 00:28:16,785
What are you going to tell me?

598
00:28:16,785 --> 00:28:22,785
Do you know if that guy is actually, is that guy really from, I mean, I guess he
writes in Romanian, so I guess he must be real.

599
00:28:22,785 --> 00:28:26,785
Look, I know some people who said they met him. I don't know.

600
00:28:26,785 --> 00:28:27,785
And I don't know.

601
00:28:27,785 --> 00:28:28,785
I don't believe him.

602
00:28:28,785 --> 00:28:32,785
I think he's probably killed everyone that he's met that knows who he is.

603
00:28:33,785 --> 00:28:34,785
Probably all the end.

604
00:28:34,785 --> 00:28:38,785
Yeah, I don't know. I don't know. But anyway, I have the same blood.

605
00:28:39,785 --> 00:28:42,785
But you know what I really liked about that guy, man?

606
00:28:42,785 --> 00:28:45,785
But he didn't do a podcast. He did a crazy blog.

607
00:28:45,785 --> 00:28:47,785
And his blog is just fascinating.

608
00:28:47,785 --> 00:28:52,785
It's completely psychotic, but it's fascinating.

609
00:28:52,785 --> 00:28:55,785
He talks about the most weirdest and random thing, but he doesn't.

610
00:28:55,785 --> 00:28:58,785
First of all, artistic style, 10 out of 10.

611
00:28:58,785 --> 00:28:59,785
Scientific style, 10 out of 10.

612
00:28:59,785 --> 00:29:01,785
Everything is just 10 out of 10.

613
00:29:01,785 --> 00:29:04,785
That guy is like, how the fuck can a person write so well?

614
00:29:04,785 --> 00:29:07,785
It's like he has a hundred people writing that thing, right?

615
00:29:07,785 --> 00:29:08,785
It's crazy.

616
00:29:08,785 --> 00:29:11,785
That's what you can find on the internet.

617
00:29:11,785 --> 00:29:12,785
Some crazy people.

618
00:29:12,785 --> 00:29:13,785
Yeah.

619
00:29:13,785 --> 00:29:16,785
Well, you see, we have to take that back because he was very much, you know,

620
00:29:16,785 --> 00:29:19,785
he was very on top of things.

621
00:29:19,785 --> 00:29:23,785
And he, by the way, he was, he's the ultimate Bitcoin maximalist.

622
00:29:23,785 --> 00:29:24,785
If you come to think about it.

623
00:29:24,785 --> 00:29:25,785
That's true. He is. Yeah.

624
00:29:25,785 --> 00:29:27,785
Because do you remember when he put the,

625
00:29:27,785 --> 00:29:32,785
I don't remember when he put the 1BTC bounty on Peter Molyneux's head.

626
00:29:32,785 --> 00:29:34,785
Yes. But you know, that was a joke.

627
00:29:34,785 --> 00:29:35,785
That was not actually.

628
00:29:36,785 --> 00:29:38,785
I don't know. A lot of people know that.

629
00:29:38,785 --> 00:29:41,785
Because the joke was about a verifiable signature or something.

630
00:29:41,785 --> 00:29:45,785
And the point was because of SegWit, the signature wouldn't be there.

631
00:29:45,785 --> 00:29:46,785
So he's like,

632
00:29:46,785 --> 00:29:48,785
you need to give me a transaction with a verifiable signature of

633
00:29:48,785 --> 00:29:53,785
certifying the death of one Peter Weill or whatever.

634
00:29:53,785 --> 00:29:55,785
So obviously it was made.

635
00:29:55,785 --> 00:30:00,785
He dressed it up to look exactly like a death, a real death threat.

636
00:30:00,785 --> 00:30:04,785
With 1BTC. And that was like back in, when was that?

637
00:30:04,785 --> 00:30:07,785
That was like never. That was like 2014, 2015.

638
00:30:07,785 --> 00:30:10,785
No, no. It was, it was a bit later. It was because it was a.

639
00:30:10,785 --> 00:30:12,785
I know, but that was the point I'm trying to make is that was like when

640
00:30:12,785 --> 00:30:15,785
Bitcoin was like $400 something.

641
00:30:15,785 --> 00:30:17,785
Like kill.

642
00:30:17,785 --> 00:30:18,785
By the way.

643
00:30:18,785 --> 00:30:21,785
Kill someone for one Bitcoin.

644
00:30:21,785 --> 00:30:23,785
I have a question right now.

645
00:30:23,785 --> 00:30:28,785
So the reason you can't provide a valid signature with a address that

646
00:30:28,785 --> 00:30:29,785
the SegWit address,

647
00:30:29,785 --> 00:30:32,785
is that because there's no agreement on like this, the, the, the,

648
00:30:32,785 --> 00:30:34,785
the not signature scheme, what's it called?

649
00:30:34,785 --> 00:30:36,785
It's just because people didn't agree on how to do that.

650
00:30:36,785 --> 00:30:38,785
Or just because it's technically impossible.

651
00:30:38,785 --> 00:30:41,785
Basically. No, it's basically, he just, he set up,

652
00:30:41,785 --> 00:30:44,785
he wrote his little thing very carefully.

653
00:30:44,785 --> 00:30:48,785
And I don't remember the details, but he wrote it so that.

654
00:30:48,785 --> 00:30:51,785
It was a joke. It was like a SegWit joke.

655
00:30:51,785 --> 00:30:55,785
And you, if you read it as a SegWit joke, you can like decode it.

656
00:30:56,785 --> 00:31:00,785
And you can see how the signature wouldn't be there in the,

657
00:31:00,785 --> 00:31:04,785
because the way SegWit works, there's like two versions of the block.

658
00:31:04,785 --> 00:31:07,785
And in one version, there are no signatures for,

659
00:31:07,785 --> 00:31:09,785
that's the version that old nodes are sent.

660
00:31:09,785 --> 00:31:11,785
And there's no signature there.

661
00:31:11,785 --> 00:31:14,785
There are all anyone can spend. So, so that was like,

662
00:31:14,785 --> 00:31:16,785
it was like a complex joke.

663
00:31:16,785 --> 00:31:20,785
Right. Right. Now I, I, I used to, you know,

664
00:31:20,785 --> 00:31:23,785
people in the old days used to like sign a message with an address just

665
00:31:23,785 --> 00:31:26,785
to prove something. Right. And they have, they control the address. Yeah.

666
00:31:26,785 --> 00:31:30,785
Yeah. So the only wallet right now that does this is actually Electrum.

667
00:31:30,785 --> 00:31:34,785
But if you want to be able to make sure to verify this, you have to do this.

668
00:31:34,785 --> 00:31:36,785
You have to verify the signature also with Electrum because they have their

669
00:31:36,785 --> 00:31:38,785
own scheme. Right.

670
00:31:38,785 --> 00:31:40,785
They do have their own scheme, but you can, there are places online,

671
00:31:40,785 --> 00:31:42,785
such as the brain wallet,

672
00:31:42,785 --> 00:31:47,785
JavaScript site that can decode and encode it in the Electrum format.

673
00:31:47,785 --> 00:31:52,785
Right. Okay. Well, anyway, I know that was an issue at some point because I,

674
00:31:52,785 --> 00:31:55,785
I was using say what addresses and like, and Bitcoin core has it as well,

675
00:31:55,785 --> 00:31:59,785
but is it the same one? I know it's different. Yeah. Well,

676
00:31:59,785 --> 00:32:01,785
that's all different schemes. Yeah. Right.

677
00:32:01,785 --> 00:32:03,785
That's the problem right now because it's like, Oh, I just,

678
00:32:03,785 --> 00:32:07,785
I know you're going to be like, Oh, well it's not right. So yeah,

679
00:32:07,785 --> 00:32:09,785
that's a good point. That is, it is silly.

680
00:32:09,785 --> 00:32:11,785
There should be a better way of doing that.

681
00:32:11,785 --> 00:32:18,785
But I think the brain wallet JavaScript site has like three or four ways.

682
00:32:19,785 --> 00:32:21,785
It has them all there.

683
00:32:21,785 --> 00:32:23,785
I just die every time you reference that website,

684
00:32:23,785 --> 00:32:27,785
like brain wallets are defunct like from, from, from, from a lot of time.

685
00:32:27,785 --> 00:32:28,785
No,

686
00:32:28,785 --> 00:32:31,785
but this is a misconception that people have about the brain wallet,

687
00:32:31,785 --> 00:32:32,785
which is, yeah,

688
00:32:32,785 --> 00:32:35,785
because this is a big thing and they have the big security warning up there

689
00:32:35,785 --> 00:32:39,785
and the guy like deleted the GitHub repo out of shame for having shame.

690
00:32:39,785 --> 00:32:41,785
But the, first of all,

691
00:32:41,785 --> 00:32:45,785
the site has much more than the brain wallet generator.

692
00:32:45,785 --> 00:32:46,785
It's actually a really great site.

693
00:32:46,785 --> 00:32:49,785
It has a cool converter. It has all these tools on there.

694
00:32:49,785 --> 00:32:51,785
It's a great site and I highly recommend it.

695
00:32:51,785 --> 00:32:52,785
The other thing though,

696
00:32:52,785 --> 00:32:57,785
is that the flaw of the brain wallet is just that you,

697
00:32:57,785 --> 00:33:00,785
you can use any seed phrase that you want,

698
00:33:00,785 --> 00:33:03,785
but as long as you use a seed phrase,

699
00:33:03,785 --> 00:33:07,785
that is 12 words selected from that 2048 word list,

700
00:33:07,785 --> 00:33:09,785
it will be fine.

701
00:33:09,785 --> 00:33:13,785
It's been a hundred percent fine and it's a great way of learning Bitcoin and

702
00:33:13,785 --> 00:33:15,785
how addresses and whatever work.

703
00:33:15,785 --> 00:33:17,785
It's a perfectly wonderful,

704
00:33:17,785 --> 00:33:19,785
perfectly wonderful website and I highly recommend it.

705
00:33:19,785 --> 00:33:21,785
Here's the problem with the brain wallets right now,

706
00:33:21,785 --> 00:33:23,785
right? And there's this guy called,

707
00:33:23,785 --> 00:33:28,785
you shouldn't send any money to anything that you create with a wallet that

708
00:33:28,785 --> 00:33:29,785
you created yourself,

709
00:33:29,785 --> 00:33:31,785
unless you know what you're doing under any circumstances,

710
00:33:31,785 --> 00:33:34,785
brain wallet or, or otherwise.

711
00:33:34,785 --> 00:33:38,785
So before you send any Bitcoin to any addresses that you had a part in

712
00:33:38,785 --> 00:33:39,785
creating,

713
00:33:39,785 --> 00:33:42,785
you should do all of your research to make sure that you know what you're

714
00:33:42,785 --> 00:33:45,785
doing. That has nothing to do with brain wallet.

715
00:33:45,785 --> 00:33:46,785
One second right now,

716
00:33:46,785 --> 00:33:48,785
one second because there is a problem with the brain wallets right now,

717
00:33:48,785 --> 00:33:51,785
right? So the thing is that if you create a brain wallet,

718
00:33:51,785 --> 00:33:53,785
which is something that you can remember,

719
00:33:53,785 --> 00:33:55,785
right? Then the thing,

720
00:33:55,785 --> 00:33:57,785
there's this guy called Ryan something,

721
00:33:57,785 --> 00:33:58,785
I don't remember his name.

722
00:33:58,785 --> 00:33:59,785
He had like a few,

723
00:33:59,785 --> 00:34:00,785
he has a few talks on YouTube,

724
00:34:00,785 --> 00:34:01,785
like free.

725
00:34:01,785 --> 00:34:04,785
And he starts looking at possible combinations of brain wallets,

726
00:34:04,785 --> 00:34:06,785
right? And he starts looking from,

727
00:34:06,785 --> 00:34:10,785
he has this example of a woodchuck or woodchuck wood and something like

728
00:34:10,785 --> 00:34:13,785
this, right? And then he tries to see if there's any Bitcoin there and he

729
00:34:13,785 --> 00:34:14,785
finds Bitcoin there.

730
00:34:14,785 --> 00:34:16,785
And then he goes even so further.

731
00:34:16,785 --> 00:34:18,785
I don't know if you saw this and he goes even further.

732
00:34:18,785 --> 00:34:20,785
And you know,

733
00:34:20,785 --> 00:34:23,785
and then if he has another talk a few years afterwards and it's him and

734
00:34:23,785 --> 00:34:24,785
this other Italian dude,

735
00:34:24,785 --> 00:34:27,785
and they try to put bounties and it's pretty obvious that there are people

736
00:34:27,785 --> 00:34:28,785
who mind,

737
00:34:28,785 --> 00:34:29,785
who mind the,

738
00:34:29,785 --> 00:34:31,785
all the space of whatever wallets,

739
00:34:31,785 --> 00:34:32,785
right?

740
00:34:32,785 --> 00:34:33,785
To see if there's money.

741
00:34:33,785 --> 00:34:35,785
And there's this guy on Reddit in 2013.

742
00:34:35,785 --> 00:34:37,785
I'm very familiar with all this.

743
00:34:37,785 --> 00:34:38,785
Okay. Well,

744
00:34:38,785 --> 00:34:39,785
let me just say it for people who are listening.

745
00:34:39,785 --> 00:34:41,785
There's this guy on Reddit on 2013,

746
00:34:41,785 --> 00:34:42,785
I want to say,

747
00:34:42,785 --> 00:34:43,785
and he had the,

748
00:34:43,785 --> 00:34:46,785
this weird African poem as a brain wallet.

749
00:34:46,785 --> 00:34:47,785
Right.

750
00:34:47,785 --> 00:34:49,785
And even that people are using that.

751
00:34:49,785 --> 00:34:52,785
So people are just using like texts from anywhere in the world and they're

752
00:34:52,785 --> 00:34:55,785
trying to map the private key towards that and see if there's Bitcoin there.

753
00:34:55,785 --> 00:34:57,785
So that's the issue with brain wallets.

754
00:34:57,785 --> 00:34:58,785
That's why people got really like,

755
00:34:58,785 --> 00:34:59,785
you know,

756
00:34:59,785 --> 00:35:00,785
everything.

757
00:35:00,785 --> 00:35:01,785
Yeah.

758
00:35:01,785 --> 00:35:04,785
But the site is more than just that.

759
00:35:04,785 --> 00:35:08,785
It's just something where you can type in your own entropy and get the

760
00:35:08,785 --> 00:35:11,785
Bitcoin private key and address and all the stuff from it.

761
00:35:11,785 --> 00:35:12,785
And you know,

762
00:35:12,785 --> 00:35:14,785
there's tons of tools and stuff there.

763
00:35:14,785 --> 00:35:15,785
So it's a great site.

764
00:35:15,785 --> 00:35:17,785
And I fully agree with all that.

765
00:35:17,785 --> 00:35:20,785
And I think it's also helpful for people to be able to just say,

766
00:35:20,785 --> 00:35:21,785
Oh,

767
00:35:21,785 --> 00:35:24,785
I can just type whatever I want in here and I get the public and private

768
00:35:24,785 --> 00:35:25,785
key.

769
00:35:25,785 --> 00:35:26,785
Now,

770
00:35:26,785 --> 00:35:27,785
because of that,

771
00:35:27,785 --> 00:35:28,785
a lot of people have logs,

772
00:35:28,785 --> 00:35:31,785
those private keys and check to see if money is sent there.

773
00:35:31,785 --> 00:35:36,785
So you shouldn't store any of your wealth in a wallet that you create,

774
00:35:37,785 --> 00:35:39,785
unless you did all of your research and you know how.

775
00:35:39,785 --> 00:35:43,785
So what you could do is you would that,

776
00:35:43,785 --> 00:35:47,785
would you want to type in to that brain wallet generator?

777
00:35:47,785 --> 00:35:49,785
This is assuming you trust the site and all that other stuff.

778
00:35:49,785 --> 00:35:52,785
You trust your browser and you trust that your computer hasn't been key

779
00:35:52,785 --> 00:35:53,785
logged.

780
00:35:53,785 --> 00:35:55,785
There's a million things that can go wrong.

781
00:35:55,785 --> 00:35:57,785
It's just why you shouldn't do this.

782
00:35:57,785 --> 00:35:59,785
All of them have nothing to do with brain wallet,

783
00:35:59,785 --> 00:36:01,785
including the fact that if you wanted to use,

784
00:36:01,785 --> 00:36:03,785
if everything worked perfectly,

785
00:36:03,785 --> 00:36:05,785
you want to make sure you type in whatever you type into the brain.

786
00:36:05,785 --> 00:36:08,785
Wallet has enough entropy to have,

787
00:36:08,785 --> 00:36:09,785
you know,

788
00:36:09,785 --> 00:36:10,785
I mean,

789
00:36:10,785 --> 00:36:12,785
ideally 256 bits,

790
00:36:12,785 --> 00:36:14,785
but at least 128 bits of entropy,

791
00:36:14,785 --> 00:36:20,785
I guess it depends on a little bit on if you use,

792
00:36:20,785 --> 00:36:23,785
I don't know if this is going to get technical now,

793
00:36:23,785 --> 00:36:24,785
but I think if you use,

794
00:36:24,785 --> 00:36:26,785
if you want to put it into an HD wallet somehow,

795
00:36:26,785 --> 00:36:29,785
then it will only have 128.

796
00:36:29,785 --> 00:36:33,785
And the point is you want to make sure that you have a lot of entropy in

797
00:36:33,785 --> 00:36:34,785
that thing.

798
00:36:34,785 --> 00:36:37,785
So you need to like shuffle a big deck of cards,

799
00:36:37,785 --> 00:36:38,785
type all the cards in or whatever.

800
00:36:38,785 --> 00:36:42,785
You can't just type in some African poem that is available on Google.

801
00:36:42,785 --> 00:36:43,785
Yeah.

802
00:36:43,785 --> 00:36:45,785
The fact that that,

803
00:36:45,785 --> 00:36:47,785
you know,

804
00:36:47,785 --> 00:36:51,785
I don't know if to what extent the brain wallet site is misleading people

805
00:36:51,785 --> 00:36:53,785
into thinking that that's a good idea.

806
00:36:53,785 --> 00:36:55,785
I think is minimal.

807
00:36:55,785 --> 00:36:56,785
Actually,

808
00:36:56,785 --> 00:36:58,785
I think it should be clear that if you could type the African poem and

809
00:36:58,785 --> 00:37:01,785
someone else can type in the African poem and you get the same private

810
00:37:02,785 --> 00:37:03,785
key,

811
00:37:03,785 --> 00:37:05,785
then it would be a bad idea to do that.

812
00:37:05,785 --> 00:37:09,785
But I don't know if that's the site's fault or is it just people just don't

813
00:37:09,785 --> 00:37:13,785
understand what they're doing in which case they'll probably lose their money

814
00:37:13,785 --> 00:37:14,785
anyway.

815
00:37:14,785 --> 00:37:17,785
But then the same argument could be said about the blue wallet,

816
00:37:17,785 --> 00:37:18,785
which you based on earlier.

817
00:37:18,785 --> 00:37:19,785
Anyway,

818
00:37:19,785 --> 00:37:22,785
do you know this web called the graphical address generator?

819
00:37:22,785 --> 00:37:23,785
Do you want to click on it?

820
00:37:23,785 --> 00:37:24,785
No,

821
00:37:24,785 --> 00:37:25,785
but it sounds fun.

822
00:37:25,785 --> 00:37:27,785
I think I liked it so much.

823
00:37:27,785 --> 00:37:28,785
Okay.

824
00:37:28,785 --> 00:37:29,785
I really liked it.

825
00:37:29,785 --> 00:37:30,785
I really liked it.

826
00:37:30,785 --> 00:37:31,785
You know why I liked it?

827
00:37:31,785 --> 00:37:34,785
Because you go on here and you type in the private key and it shows you all

828
00:37:34,785 --> 00:37:35,785
the wonderful.

829
00:37:35,785 --> 00:37:39,785
I'll show you all the operations you have to do from to get from the

830
00:37:39,785 --> 00:37:41,785
entropy to the multiplical.

831
00:37:41,785 --> 00:37:42,785
What's this called?

832
00:37:42,785 --> 00:37:44,785
I like to cover multiplication,

833
00:37:44,785 --> 00:37:45,785
the G time and,

834
00:37:45,785 --> 00:37:46,785
and it's,

835
00:37:46,785 --> 00:37:50,785
it like really shows you literally how you get from like randomness.

836
00:37:50,785 --> 00:37:51,785
And this is wonderful.

837
00:37:51,785 --> 00:37:52,785
Thank you for sharing this.

838
00:37:52,785 --> 00:37:53,785
I think this is wonderful.

839
00:37:53,785 --> 00:37:55,785
I think everyone should see this.

840
00:37:55,785 --> 00:37:57,785
This is exactly what I've been looking for.

841
00:37:57,785 --> 00:37:58,785
Something like this.

842
00:37:59,785 --> 00:38:01,785
So this is why I like the brain wallet site,

843
00:38:01,785 --> 00:38:03,785
which is actually sort of similar to this,

844
00:38:03,785 --> 00:38:04,785
but Oh,

845
00:38:04,785 --> 00:38:05,785
I've had,

846
00:38:05,785 --> 00:38:08,785
I had a joke when we were talking about the girl,

847
00:38:08,785 --> 00:38:09,785
I had a joke.

848
00:38:09,785 --> 00:38:10,785
The joke was,

849
00:38:10,785 --> 00:38:11,785
Oh my God,

850
00:38:11,785 --> 00:38:12,785
I would G times and her a few times,

851
00:38:12,785 --> 00:38:15,785
but isn't it G times.

852
00:38:15,785 --> 00:38:17,785
Okay.

853
00:38:17,785 --> 00:38:18,785
It is times.

854
00:38:18,785 --> 00:38:19,785
Okay.

855
00:38:19,785 --> 00:38:20,785
Yeah,

856
00:38:20,785 --> 00:38:21,785
but yeah,

857
00:38:21,785 --> 00:38:22,785
it is.

858
00:38:22,785 --> 00:38:23,785
It is.

859
00:38:23,785 --> 00:38:24,785
There you go.

860
00:38:24,785 --> 00:38:25,785
God,

861
00:38:25,785 --> 00:38:26,785
why did you,

862
00:38:26,785 --> 00:38:27,785
why did you have to like,

863
00:38:28,785 --> 00:38:30,785
this smart guy or whatever?

864
00:38:30,785 --> 00:38:31,785
It's okay.

865
00:38:31,785 --> 00:38:32,785
That it's,

866
00:38:32,785 --> 00:38:33,785
and it's kids.

867
00:38:33,785 --> 00:38:34,785
Who cares anyway?

868
00:38:34,785 --> 00:38:37,785
I know I want to make this bigger so that I can see everything on the site.

869
00:38:37,785 --> 00:38:39,785
I'm blotting you out so I can play with the site.

870
00:38:39,785 --> 00:38:41,785
We're going to do it now.

871
00:38:41,785 --> 00:38:42,785
I'm playing with it.

872
00:38:42,785 --> 00:38:44,785
See type passphrase here.

873
00:38:44,785 --> 00:38:45,785
Correct horse battery staple.

874
00:38:45,785 --> 00:38:47,785
Now I'm going to get killed on the internet.

875
00:38:47,785 --> 00:38:48,785
This is great.

876
00:38:48,785 --> 00:38:49,785
I love how it does it.

877
00:38:49,785 --> 00:38:50,785
Every single keystroke.

878
00:38:50,785 --> 00:38:51,785
Yeah.

879
00:38:51,785 --> 00:38:52,785
It's a really nice website.

880
00:38:52,785 --> 00:38:53,785
We're going to include in the show notes.

881
00:38:53,785 --> 00:38:54,785
I like that.

882
00:38:54,785 --> 00:38:55,785
So dude,

883
00:38:55,785 --> 00:38:56,785
when I tried to understand how these things work,

884
00:38:56,785 --> 00:38:59,785
I was just reading all these books and I was going on stack exchange or whatever.

885
00:38:59,785 --> 00:39:00,785
And I,

886
00:39:00,785 --> 00:39:01,785
I,

887
00:39:01,785 --> 00:39:02,785
I find this fucking website and I'm like,

888
00:39:02,785 --> 00:39:03,785
Oh my God,

889
00:39:03,785 --> 00:39:04,785
like it just clicked.

890
00:39:04,785 --> 00:39:05,785
Everything was so clear when you saw this,

891
00:39:05,785 --> 00:39:06,785
you know,

892
00:39:06,785 --> 00:39:07,785
this is,

893
00:39:07,785 --> 00:39:08,785
it's funny you say,

894
00:39:08,785 --> 00:39:09,785
because I want to,

895
00:39:09,785 --> 00:39:10,785
I want there to,

896
00:39:10,785 --> 00:39:14,785
I think that there should be stuff like this for every single thing that Bitcoin
does in Bitcoin core.

897
00:39:14,785 --> 00:39:19,785
And there should be like a little dropdown called like learn or something or study
Bitcoin or whatever.

898
00:39:19,785 --> 00:39:20,785
I think.

899
00:39:20,785 --> 00:39:21,785
So actually,

900
00:39:21,785 --> 00:39:22,785
really?

901
00:39:22,785 --> 00:39:23,785
Oh my God.

902
00:39:23,785 --> 00:39:24,785
I'm not sure.

903
00:39:24,785 --> 00:39:28,785
I think when Bitcoin has like an online interpreter or like somewhere where it runs
the functions,

904
00:39:28,785 --> 00:39:29,785
like in a browser,

905
00:39:29,785 --> 00:39:30,785
I think so,

906
00:39:30,785 --> 00:39:31,785
but I,

907
00:39:31,785 --> 00:39:32,785
I'm not sure.

908
00:39:32,785 --> 00:39:33,785
That would be great.

909
00:39:33,785 --> 00:39:34,785
I would have a lot of,

910
00:39:34,785 --> 00:39:35,785
a lot more respect for.

911
00:39:35,785 --> 00:39:36,785
Vasco.

912
00:39:36,785 --> 00:39:37,785
Eric Vasco.

913
00:39:37,785 --> 00:39:38,785
I was going to say,

914
00:39:38,785 --> 00:39:39,785
because he's behind it,

915
00:39:39,785 --> 00:39:40,785
right?

916
00:39:40,785 --> 00:39:41,785
Yeah.

917
00:39:41,785 --> 00:39:42,785
There's some other guys also work on it,

918
00:39:42,785 --> 00:39:43,785
by the way.

919
00:39:43,785 --> 00:39:47,785
But I think that's great because I think the essence of Bitcoin is the self
sovereignty concept.

920
00:39:47,785 --> 00:39:49,785
And so I'm not saying that everyone knows,

921
00:39:49,785 --> 00:39:52,785
most people are not going to understand what's going on ever,

922
00:39:52,785 --> 00:39:54,785
but the right person out there,

923
00:39:54,785 --> 00:39:58,785
you should be able not just to explain what Bitcoin is doing,

924
00:39:58,785 --> 00:40:00,785
but sort of to prove it really.

925
00:40:00,785 --> 00:40:02,785
And you should be able to say,

926
00:40:02,785 --> 00:40:03,785
look,

927
00:40:03,785 --> 00:40:07,785
like one thing that bothers me is why isn't there easily?

928
00:40:07,785 --> 00:40:08,785
I think,

929
00:40:08,785 --> 00:40:09,785
you know,

930
00:40:09,785 --> 00:40:20,785
if there should be like some stuff in the UX of a full node to like decode this
stuff that's in base 58 check,

931
00:40:20,785 --> 00:40:21,785
you know,

932
00:40:21,785 --> 00:40:23,785
and just tell you what the heck is going on there.

933
00:40:23,785 --> 00:40:27,785
And there should be stuff for like calculating hashes and stuff.

934
00:40:27,785 --> 00:40:28,785
I think that's,

935
00:40:28,785 --> 00:40:29,785
that would just be nice for people.

936
00:40:29,785 --> 00:40:30,785
You just click a little button.

937
00:40:30,785 --> 00:40:31,785
You can see,

938
00:40:31,785 --> 00:40:33,785
here's the job to 56 hash of this.

939
00:40:33,785 --> 00:40:34,785
I mean,

940
00:40:34,785 --> 00:40:35,785
well,

941
00:40:35,785 --> 00:40:36,785
I couldn't,

942
00:40:36,785 --> 00:40:37,785
it's so difficult.

943
00:40:37,785 --> 00:40:38,785
I couldn't remember in a few reasons why doors are not like,

944
00:40:38,785 --> 00:40:39,785
first of all,

945
00:40:39,785 --> 00:40:40,785
like they,

946
00:40:40,785 --> 00:40:41,785
like you want to keep Bitcoin core,

947
00:40:41,785 --> 00:40:45,785
core,

948
00:40:45,785 --> 00:40:46,785
core.

949
00:40:46,785 --> 00:40:47,785
That should be our name.

950
00:40:47,785 --> 00:40:49,785
It's like a plant.

951
00:40:50,785 --> 00:40:51,785
Anyway,

952
00:40:51,785 --> 00:40:52,785
the point is,

953
00:40:52,785 --> 00:40:53,785
I think they want to keep things minimal,

954
00:40:53,785 --> 00:40:54,785
like in the reference implementation.

955
00:40:54,785 --> 00:40:55,785
So they don't want to add any true,

956
00:40:55,785 --> 00:40:58,785
but this is just like a frivolous UX thing.

957
00:40:58,785 --> 00:40:59,785
That would be like a different folder.

958
00:40:59,785 --> 00:41:00,785
Well,

959
00:41:00,785 --> 00:41:01,785
come on one second right now.

960
00:41:01,785 --> 00:41:02,785
Here's what you need to understand.

961
00:41:02,785 --> 00:41:03,785
This is a complex product project,

962
00:41:03,785 --> 00:41:04,785
right?

963
00:41:04,785 --> 00:41:05,785
And any little thing you're going to add,

964
00:41:05,785 --> 00:41:10,785
there's that just creates other commits and other things that people for review and
they really need to minimize it.

965
00:41:10,785 --> 00:41:11,785
That's why,

966
00:41:11,785 --> 00:41:12,785
you know,

967
00:41:12,785 --> 00:41:13,785
that's true.

968
00:41:13,785 --> 00:41:14,785
So if you,

969
00:41:14,785 --> 00:41:15,785
if you want to like,

970
00:41:15,785 --> 00:41:18,785
if you want out of the goodness of your heart to put your time and make like the
Bitcoin core educational version,

971
00:41:18,785 --> 00:41:19,785
that would be great.

972
00:41:19,785 --> 00:41:20,785
I,

973
00:41:20,785 --> 00:41:21,785
because you know what?

974
00:41:21,785 --> 00:41:22,785
Exactly.

975
00:41:22,785 --> 00:41:23,785
That's the thing.

976
00:41:23,785 --> 00:41:24,785
Um,

977
00:41:24,785 --> 00:41:25,785
but the self sovereignty is key to the project.

978
00:41:25,785 --> 00:41:27,785
People really know some random guy out there,

979
00:41:27,785 --> 00:41:29,785
some random uneducated,

980
00:41:29,785 --> 00:41:31,785
you know,

981
00:41:31,785 --> 00:41:33,785
guy trying to,

982
00:41:33,785 --> 00:41:44,785
in China who barely speaks English and is trying to figure out if he can use Bitcoin
for capital flight out of Hong Kong when he flees as the communists take over or
something.

983
00:41:44,785 --> 00:41:45,785
They are like,

984
00:41:45,785 --> 00:41:47,785
they have to like give some,

985
00:41:47,785 --> 00:41:49,785
they should be able to demonstrate to them somehow that they,

986
00:41:49,785 --> 00:41:50,785
um,

987
00:41:50,785 --> 00:41:57,785
is that they are getting what they,

988
00:41:57,785 --> 00:42:00,785
they're getting what they think they're getting,

989
00:42:00,785 --> 00:42:03,785
especially if doing so to us is very cheap.

990
00:42:03,785 --> 00:42:04,785
I mean,

991
00:42:04,785 --> 00:42:06,785
building like a little hash calculator that,

992
00:42:06,785 --> 00:42:07,785
come on,

993
00:42:07,785 --> 00:42:09,785
that would not take us a lot of effort at all.

994
00:42:09,785 --> 00:42:11,785
And that would save people a lot of trouble.

995
00:42:11,785 --> 00:42:13,785
Let me tell you why I disagree with you.

996
00:42:13,785 --> 00:42:14,785
I like,

997
00:42:14,785 --> 00:42:16,785
so as you were talking about all these things,

998
00:42:16,785 --> 00:42:18,785
there are some moments when I just go on a,

999
00:42:18,785 --> 00:42:20,785
there are things I don't know about Bitcoin,

1000
00:42:20,785 --> 00:42:21,785
how to work.

1001
00:42:21,785 --> 00:42:23,785
And there are going to be a few weeks when I just dive in and I tried to learn those
things.

1002
00:42:23,785 --> 00:42:24,785
Right.

1003
00:42:24,785 --> 00:42:26,785
I read Don Tanapo's books and I go on GitHub.

1004
00:42:26,785 --> 00:42:27,785
And you're right.

1005
00:42:27,785 --> 00:42:28,785
All these things that you're mentioning,

1006
00:42:28,785 --> 00:42:29,785
like I was the point where I was like,

1007
00:42:29,785 --> 00:42:33,785
I just want to have this thing and I don't want to search on it on this other
website.

1008
00:42:33,785 --> 00:42:34,785
That's a GitHub page somewhere.

1009
00:42:34,785 --> 00:42:37,785
That's some guy made and this used for this and this used for that.

1010
00:42:37,785 --> 00:42:38,785
So I'm with you on that.

1011
00:42:38,785 --> 00:42:41,785
But the point is that the person in China doesn't,

1012
00:42:41,785 --> 00:42:45,785
if he needs to do the capital flight or the people in Venezuela,

1013
00:42:45,785 --> 00:42:46,785
as well, dude,

1014
00:42:46,785 --> 00:42:47,785
they're not going to go on GitHub.

1015
00:42:47,785 --> 00:42:49,785
You make them a shiny app,

1016
00:42:49,785 --> 00:42:50,785
a custodial app,

1017
00:42:50,785 --> 00:42:51,785
if you care.

1018
00:42:51,785 --> 00:42:52,785
I don't care about it.

1019
00:42:52,785 --> 00:42:53,785
They don't give a fuck.

1020
00:42:53,785 --> 00:42:54,785
No, no, no.

1021
00:42:54,785 --> 00:42:55,785
Because they,

1022
00:42:55,785 --> 00:42:58,785
it has to be someone who really wants self-sovereignty.

1023
00:42:58,785 --> 00:42:59,785
Yeah, Paul,

1024
00:42:59,785 --> 00:43:01,785
but here's the thing with self-sovereignty.

1025
00:43:01,785 --> 00:43:04,785
No, but I'm saying this is our core customer.

1026
00:43:04,785 --> 00:43:06,785
Yeah, but they want it.

1027
00:43:06,785 --> 00:43:10,785
The core customer is not someone who's just going to be indifferent between
custodial because,

1028
00:43:11,785 --> 00:43:14,785
because Vladimir Putin killed all their friends and they're,

1029
00:43:14,785 --> 00:43:17,785
and it's coming for them and they're on the run.

1030
00:43:17,785 --> 00:43:18,785
Yeah, Paul,

1031
00:43:18,785 --> 00:43:20,785
but they're not going to make sure that they know what's up.

1032
00:43:20,785 --> 00:43:21,785
Right.

1033
00:43:21,785 --> 00:43:22,785
So you're telling me,

1034
00:43:22,785 --> 00:43:23,785
you're telling me I'm a fucking guy.

1035
00:43:23,785 --> 00:43:25,785
Vladimir Putin is counting after me.

1036
00:43:25,785 --> 00:43:26,785
I'm running,

1037
00:43:26,785 --> 00:43:27,785
Because I'm getting fucking killed.

1038
00:43:27,785 --> 00:43:28,785
And you're telling me,

1039
00:43:28,785 --> 00:43:30,785
I'm going to look at what I'm going to pull up Bitcoin currency,

1040
00:43:30,785 --> 00:43:31,785
like,

1041
00:43:31,785 --> 00:43:32,785
look like the shot.

1042
00:43:32,785 --> 00:43:34,785
And the two correctly.

1043
00:43:34,785 --> 00:43:35,785
No, the,

1044
00:43:35,785 --> 00:43:36,785
because it's about secrecy.

1045
00:43:36,785 --> 00:43:37,785
So you're,

1046
00:43:37,785 --> 00:43:39,785
you're living under the radar and you're,

1047
00:43:39,785 --> 00:43:44,785
you need to make your big getaway to escape Russia or whatever.

1048
00:43:44,785 --> 00:43:45,785
Oh, come on.

1049
00:43:45,785 --> 00:43:46,785
So you're planning it up.

1050
00:43:46,785 --> 00:43:47,785
What do you mean?

1051
00:43:47,785 --> 00:43:48,785
What do you mean?

1052
00:43:48,785 --> 00:43:49,785
What am I talking about?

1053
00:43:49,785 --> 00:43:50,785
This is very absurd.

1054
00:43:50,785 --> 00:43:51,785
No, I understand what you're saying.

1055
00:43:51,785 --> 00:43:52,785
I did just think is very absurd.

1056
00:43:52,785 --> 00:43:53,785
It's not,

1057
00:43:53,785 --> 00:43:54,785
you're not,

1058
00:43:54,785 --> 00:43:55,785
if you're not,

1059
00:43:55,785 --> 00:43:56,785
you're not,

1060
00:43:56,785 --> 00:43:57,785
this person is not pressed for time.

1061
00:43:57,785 --> 00:43:58,785
I'm just saying they are,

1062
00:43:58,785 --> 00:44:02,785
they're pressed for sort of secrecy and knowledge.

1063
00:44:02,785 --> 00:44:04,785
They can't be looking into Bitcoin.

1064
00:44:04,785 --> 00:44:05,785
They can't.

1065
00:44:05,785 --> 00:44:06,785
So imagine this.

1066
00:44:06,785 --> 00:44:07,785
This person's watching his browser.

1067
00:44:07,785 --> 00:44:10,785
So he can't be going around and saying,

1068
00:44:10,785 --> 00:44:11,785
oh,

1069
00:44:11,785 --> 00:44:13,785
how does shot you 56 works?

1070
00:44:13,785 --> 00:44:15,785
How does ECDSA work?

1071
00:44:15,785 --> 00:44:17,785
That's how you then straight to the gulag.

1072
00:44:17,785 --> 00:44:19,785
Here's the thing right now.

1073
00:44:19,785 --> 00:44:21,785
I think there's like very little people who need that.

1074
00:44:21,785 --> 00:44:22,785
Sorry.

1075
00:44:22,785 --> 00:44:23,785
Sorry.

1076
00:44:23,785 --> 00:44:24,785
I think that's,

1077
00:44:24,785 --> 00:44:25,785
that's,

1078
00:44:25,785 --> 00:44:26,785
that's false.

1079
00:44:26,785 --> 00:44:27,785
There's those,

1080
00:44:27,785 --> 00:44:28,785
that's our core customer.

1081
00:44:28,785 --> 00:44:29,785
And we don't know who they are.

1082
00:44:29,785 --> 00:44:30,785
That's no,

1083
00:44:30,785 --> 00:44:31,785
it's a game of secrets.

1084
00:44:31,785 --> 00:44:32,785
Dude,

1085
00:44:32,785 --> 00:44:34,785
you're missing what Bitcoin on sensor was doing.

1086
00:44:34,785 --> 00:44:36,785
The core customer was the person who,

1087
00:44:36,785 --> 00:44:37,785
for whatever reason,

1088
00:44:37,785 --> 00:44:38,785
right or wrong,

1089
00:44:38,785 --> 00:44:39,785
then they understood to use this and they used it.

1090
00:44:39,785 --> 00:44:40,785
Right.

1091
00:44:40,785 --> 00:44:43,785
It was irrelevant that they could understand or not how it really works.

1092
00:44:43,785 --> 00:44:44,785
They use that.

1093
00:44:44,785 --> 00:44:45,785
And it happened to be the right thing,

1094
00:44:45,785 --> 00:44:46,785
but they didn't do that for sure.

1095
00:44:46,785 --> 00:44:47,785
Right.

1096
00:44:47,785 --> 00:44:48,785
Well,

1097
00:44:48,785 --> 00:44:49,785
they knew from,

1098
00:44:49,785 --> 00:44:50,785
they assumed it would work from experience and they were right.

1099
00:44:50,785 --> 00:44:51,785
Yeah.

1100
00:44:51,785 --> 00:44:52,785
So,

1101
00:44:52,785 --> 00:44:53,785
so that was good enough.

1102
00:44:53,785 --> 00:44:54,785
Yeah.

1103
00:44:54,785 --> 00:44:55,785
I'm trying to say that most of the people are going to,

1104
00:44:55,785 --> 00:44:56,785
but I do think that,

1105
00:44:56,785 --> 00:44:57,785
you know,

1106
00:44:57,785 --> 00:45:02,785
I don't think it would cost very much for us to put something like this with the
software.

1107
00:45:02,785 --> 00:45:03,785
So that,

1108
00:45:03,785 --> 00:45:04,785
I don't understand why don't you do it?

1109
00:45:04,785 --> 00:45:05,785
I don't understand why don't you do it?

1110
00:45:05,785 --> 00:45:06,785
Okay.

1111
00:45:06,785 --> 00:45:07,785
Well,

1112
00:45:07,785 --> 00:45:08,785
I'm working on it,

1113
00:45:08,785 --> 00:45:09,785
but I'm doing a lot of things.

1114
00:45:09,785 --> 00:45:10,785
I didn't know.

1115
00:45:10,785 --> 00:45:11,785
I didn't like for real.

1116
00:45:11,785 --> 00:45:12,785
Like,

1117
00:45:12,785 --> 00:45:13,785
is this,

1118
00:45:13,785 --> 00:45:14,785
yeah,

1119
00:45:14,785 --> 00:45:15,785
I like,

1120
00:45:15,785 --> 00:45:16,785
well,

1121
00:45:16,785 --> 00:45:19,785
this thing doesn't have the crucial thing is how to explain the generation of the
public key from the private key,

1122
00:45:19,785 --> 00:45:24,785
which is like this horrible thing to have to explain because you have to explain
about elliptic curves.

1123
00:45:25,785 --> 00:45:26,785
So,

1124
00:45:26,785 --> 00:45:27,785
see,

1125
00:45:27,785 --> 00:45:33,785
because it just says on their little site here that you sent me to says six multiply
the private key by the elliptic curve generator point to get the public key.

1126
00:45:33,785 --> 00:45:34,785
Now,

1127
00:45:34,785 --> 00:45:35,785
like,

1128
00:45:35,785 --> 00:45:36,785
that's not good enough.

1129
00:45:36,785 --> 00:45:38,785
Most people will have no idea what that means.

1130
00:45:38,785 --> 00:45:39,785
Yeah,

1131
00:45:39,785 --> 00:45:43,785
elliptic curve multiplication is like completely different from.

1132
00:45:43,785 --> 00:45:44,785
Yeah,

1133
00:45:44,785 --> 00:45:45,785
yeah,

1134
00:45:45,785 --> 00:45:47,785
that's a very specific things like that's a very important three.

1135
00:45:47,785 --> 00:45:48,785
Yeah,

1136
00:45:48,785 --> 00:45:49,785
like,

1137
00:45:49,785 --> 00:45:52,785
you're pretty much doing this and doing the symmetry and doing that like that that
is not.

1138
00:45:52,785 --> 00:45:53,785
Yeah,

1139
00:45:53,785 --> 00:45:55,785
and especially if you add a point to itself,

1140
00:45:55,785 --> 00:45:57,785
you need to calculate like a tangency point,

1141
00:45:57,785 --> 00:46:02,785
like you really need like you need at least like a college level calculus even
understand what's.

1142
00:46:02,785 --> 00:46:07,785
And nevermind the fact that why actually you don't keep both the coordinates there
because you don't need to,

1143
00:46:07,785 --> 00:46:08,785
you know,

1144
00:46:08,785 --> 00:46:09,785
I'm trying to say,

1145
00:46:09,785 --> 00:46:10,785
yes,

1146
00:46:10,785 --> 00:46:11,785
because it's symmetric.

1147
00:46:11,785 --> 00:46:12,785
Yeah,

1148
00:46:12,785 --> 00:46:13,785
like there's like so many like clever randomized.

1149
00:46:13,785 --> 00:46:14,785
Yes,

1150
00:46:14,785 --> 00:46:15,785
like,

1151
00:46:15,785 --> 00:46:16,785
look,

1152
00:46:16,785 --> 00:46:17,785
Paul,

1153
00:46:17,785 --> 00:46:19,785
it took me a week to fucking go through that thing and read those things and
understand.

1154
00:46:19,785 --> 00:46:20,785
Yeah,

1155
00:46:20,785 --> 00:46:21,785
so,

1156
00:46:21,785 --> 00:46:22,785
so,

1157
00:46:22,785 --> 00:46:23,785
I mean,

1158
00:46:23,785 --> 00:46:24,785
eventually,

1159
00:46:24,785 --> 00:46:25,785
with the right,

1160
00:46:25,785 --> 00:46:28,785
we will be able to compress it we just we just need to be clever enough.

1161
00:46:28,785 --> 00:46:30,785
This compresses it pretty well.

1162
00:46:30,785 --> 00:46:35,785
It's just doesn't have anything about step six as they say because it's difficult.

1163
00:46:35,785 --> 00:46:37,785
I think they just wanted to show it up here.

1164
00:46:37,785 --> 00:46:38,785
Anyway,

1165
00:46:38,785 --> 00:46:39,785
I like this little gif though.

1166
00:46:39,785 --> 00:46:42,785
It's really nice because he's doing exactly the thing with the,

1167
00:46:42,785 --> 00:46:45,785
it's showing you how the dot is moving around chaotically.

1168
00:46:45,785 --> 00:46:46,785
So,

1169
00:46:46,785 --> 00:46:47,785
you're kind of like okay.

1170
00:46:47,785 --> 00:46:48,785
Oh,

1171
00:46:48,785 --> 00:46:49,785
come on,

1172
00:46:49,785 --> 00:46:51,785
don't be a fucking asshole because if you know if you know what's happening there.

1173
00:46:51,785 --> 00:46:52,785
It's actually,

1174
00:46:52,785 --> 00:46:53,785
that's actually what's happening.

1175
00:46:53,785 --> 00:46:55,785
But if you don't like it.

1176
00:46:55,785 --> 00:46:56,785
Yeah,

1177
00:46:56,785 --> 00:46:57,785
but if you don't know then you just think,

1178
00:46:57,785 --> 00:46:58,785
oh,

1179
00:46:58,785 --> 00:46:59,785
that's cool.

1180
00:46:59,785 --> 00:47:00,785
Yeah,

1181
00:47:00,785 --> 00:47:01,785
but the point of this wasn't.

1182
00:47:01,785 --> 00:47:02,785
Yeah.

1183
00:47:02,785 --> 00:47:03,785
Well,

1184
00:47:03,785 --> 00:47:04,785
anyway,

1185
00:47:04,785 --> 00:47:05,785
look,

1186
00:47:05,785 --> 00:47:06,785
I don't fucking know if you make I didn't know you actually even had interest in
things

1187
00:47:06,785 --> 00:47:07,785
like this.

1188
00:47:07,785 --> 00:47:08,785
No,

1189
00:47:08,785 --> 00:47:12,785
I'm very interested in putting something in the full node software that explains.

1190
00:47:12,785 --> 00:47:15,785
I can't believe I'm so professional.

1191
00:47:15,785 --> 00:47:16,785
Sorry about that.

1192
00:47:16,785 --> 00:47:19,785
I didn't even hear it.

1193
00:47:19,785 --> 00:47:20,785
What is it?

1194
00:47:20,785 --> 00:47:21,785
Oh,

1195
00:47:21,785 --> 00:47:23,785
it was my dad actually to be honest with you.

1196
00:47:23,785 --> 00:47:24,785
Oh,

1197
00:47:24,785 --> 00:47:25,785
yeah,

1198
00:47:25,785 --> 00:47:26,785
I was gonna say,

1199
00:47:26,785 --> 00:47:27,785
answer it.

1200
00:47:27,785 --> 00:47:28,785
If it's the,

1201
00:47:28,785 --> 00:47:29,785
if it was the mom,

1202
00:47:29,785 --> 00:47:30,785
I would answer it and put them on the show.

1203
00:47:30,785 --> 00:47:32,785
But you wouldn't have been able to understand what it's the dad.

1204
00:47:32,785 --> 00:47:33,785
It's like,

1205
00:47:33,785 --> 00:47:34,785
forget it.

1206
00:47:34,785 --> 00:47:35,785
Now,

1207
00:47:35,785 --> 00:47:38,785
my,

1208
00:47:38,785 --> 00:47:39,785
that would be like,

1209
00:47:39,785 --> 00:47:40,785
Hey,

1210
00:47:40,785 --> 00:47:41,785
did you fuck any,

1211
00:47:41,785 --> 00:47:42,785
any girls or anything like that?

1212
00:47:42,785 --> 00:47:43,785
Yeah,

1213
00:47:43,785 --> 00:47:44,785
but he would say that.

1214
00:47:44,785 --> 00:47:45,785
Yeah.

1215
00:47:45,785 --> 00:47:46,785
Like once I go like that,

1216
00:47:46,785 --> 00:47:47,785
I got a new girlfriend.

1217
00:47:47,785 --> 00:47:48,785
Right.

1218
00:47:48,785 --> 00:47:49,785
He always has this weird,

1219
00:47:49,785 --> 00:47:51,785
like very like old men type questions.

1220
00:47:51,785 --> 00:47:52,785
That matters.

1221
00:47:52,785 --> 00:47:53,785
No,

1222
00:47:53,785 --> 00:47:54,785
because they think like I need to get married.

1223
00:47:54,785 --> 00:47:55,785
So if I'm going to get married,

1224
00:47:55,785 --> 00:47:57,785
I complained to him about having a lot of gold diggers.

1225
00:47:57,785 --> 00:47:58,785
Right.

1226
00:47:58,785 --> 00:48:00,785
Because I would end up a lot of time with a gold diggers.

1227
00:48:00,785 --> 00:48:01,785
And,

1228
00:48:01,785 --> 00:48:02,785
and that's why he's like,

1229
00:48:02,785 --> 00:48:03,785
you know,

1230
00:48:03,785 --> 00:48:04,785
it's like,

1231
00:48:04,785 --> 00:48:05,785
Oh,

1232
00:48:05,785 --> 00:48:06,785
let's have money right now.

1233
00:48:06,785 --> 00:48:07,785
Got it.

1234
00:48:07,785 --> 00:48:08,785
Yeah.

1235
00:48:08,785 --> 00:48:09,785
Okay.

1236
00:48:09,785 --> 00:48:10,785
Fair enough.

1237
00:48:10,785 --> 00:48:11,785
Anyway,

1238
00:48:11,785 --> 00:48:12,785
I'm interested in putting stuff.

1239
00:48:12,785 --> 00:48:13,785
I would like there to be,

1240
00:48:13,785 --> 00:48:14,785
I,

1241
00:48:14,785 --> 00:48:17,785
not so much a block explorer because that obviously to do all the indexing is

1242
00:48:17,785 --> 00:48:18,785
completely absurd,

1243
00:48:18,785 --> 00:48:22,785
but I would like it at least if people could like see the little headers and

1244
00:48:22,785 --> 00:48:24,785
some kind of GUI thing,

1245
00:48:24,785 --> 00:48:25,785
I would like it if people could really,

1246
00:48:25,785 --> 00:48:27,785
because the full node is going to have,

1247
00:48:27,785 --> 00:48:32,785
you have all the blocks and you have all every single transaction scanned

1248
00:48:32,785 --> 00:48:33,785
through at least.

1249
00:48:33,785 --> 00:48:35,785
And I just think we should,

1250
00:48:35,785 --> 00:48:39,785
we have an opportunity to teach people Bitcoin and it's,

1251
00:48:39,785 --> 00:48:43,785
it's only the people that we teach that will really be converted.

1252
00:48:43,785 --> 00:48:46,785
Like those would be the serious converts.

1253
00:48:46,785 --> 00:48:50,785
And those people won't go to something stupid like a theorem or whatever.

1254
00:48:50,785 --> 00:48:51,785
I mean,

1255
00:48:51,785 --> 00:48:52,785
not that I'm really worried about that,

1256
00:48:52,785 --> 00:48:54,785
but I'm just saying that I'm in general,

1257
00:48:54,785 --> 00:48:57,785
I'm in favor of knowledge and explanation and,

1258
00:48:57,785 --> 00:48:58,785
and,

1259
00:48:58,785 --> 00:49:00,785
and transparency and,

1260
00:49:00,785 --> 00:49:02,785
and proof and demonstration.

1261
00:49:02,785 --> 00:49:05,785
So I think that it's one thing to just say,

1262
00:49:05,785 --> 00:49:08,785
blah,

1263
00:49:08,785 --> 00:49:09,785
but it's another thing if you have,

1264
00:49:09,785 --> 00:49:10,785
come on,

1265
00:49:10,785 --> 00:49:12,785
can we get a shot to 56 calculator?

1266
00:49:12,785 --> 00:49:13,785
Can't,

1267
00:49:13,785 --> 00:49:15,785
can't we just get something where you type something in and you click a

1268
00:49:16,785 --> 00:49:18,785
You can't have that in Bitcoin core though.

1269
00:49:18,785 --> 00:49:19,785
You have to understand like,

1270
00:49:19,785 --> 00:49:20,785
like that,

1271
00:49:20,785 --> 00:49:21,785
that's not,

1272
00:49:21,785 --> 00:49:24,785
it doesn't make sense from an engineering point of view and from an,

1273
00:49:24,785 --> 00:49:25,785
whatever point of view,

1274
00:49:25,785 --> 00:49:26,785
do you have it in Bitcoin core?

1275
00:49:26,785 --> 00:49:27,785
That's what I'm trying to tell you here.

1276
00:49:27,785 --> 00:49:28,785
Well,

1277
00:49:28,785 --> 00:49:29,785
I think it would be a different GitHub repo,

1278
00:49:29,785 --> 00:49:30,785
but it would still be,

1279
00:49:30,785 --> 00:49:32,785
everything would be Bitcoin.

1280
00:49:32,785 --> 00:49:33,785
Yeah.

1281
00:49:33,785 --> 00:49:35,785
So it would be like lib consensus.

1282
00:49:35,785 --> 00:49:36,785
I've,

1283
00:49:36,785 --> 00:49:37,785
I don't know if they keep changing this around,

1284
00:49:37,785 --> 00:49:39,785
but it would be the exact same.

1285
00:49:39,785 --> 00:49:40,785
It would be Bitcoin.

1286
00:49:40,785 --> 00:49:42,785
It would be like Bitcoin D it would just be different.

1287
00:49:42,785 --> 00:49:43,785
Bitcoin QT.

1288
00:49:43,785 --> 00:49:44,785
You understand?

1289
00:49:44,785 --> 00:49:45,785
Does that make any sense?

1290
00:49:45,785 --> 00:49:47,785
The audience can understand what I'm talking about.

1291
00:49:47,785 --> 00:49:48,785
It's the same under the hood,

1292
00:49:48,785 --> 00:49:50,785
but just a different GUI.

1293
00:49:50,785 --> 00:49:51,785
Okay.

1294
00:49:51,785 --> 00:49:52,785
I have a question right now.

1295
00:49:52,785 --> 00:49:53,785
So Bitcoin D,

1296
00:49:53,785 --> 00:49:54,785
which is the demon,

1297
00:49:54,785 --> 00:49:58,785
which is pretty much the program that runs around and communicates with the

1298
00:49:58,785 --> 00:49:59,785
network,

1299
00:50:00,099 --> 00:50:27,099
right? This one is kind of like, it doesn't have any user interface on it, but when
the project started out, this is my question. I'm leading it into it. So, so Bitcoin
D was a separate thing, right? This demon thing, and then when the first project
first started out, Satoshi made this windows GUI application using like, I don't
even remember what it was. So it's funny that the GUI has actually been like an
integral part of the experience since like,

1300
00:50:27,099 --> 00:50:35,099
day one. And only a bit later, did it, did it even come to, to Linux at all? And
then later was it split into all this other stuff?

1301
00:50:35,099 --> 00:50:39,099
So tell me, what is the story of the Bitcoin D? Like how did he start? Because I
know at some point...

1302
00:50:39,099 --> 00:50:40,099
I don't really remember.

1303
00:50:40,099 --> 00:50:45,099
I know now that I know pretty much they're kind of the same thing, but kind of not,
right?

1304
00:50:45,099 --> 00:50:56,099
I don't know. I wasn't in Bitcoin. I didn't join Bitcoin until like 20, I mean, I
was sort of reading about it in 20, late 2011, but I was very skeptical.

1305
00:50:57,099 --> 00:51:03,099
So it was until like 2012. So I actually had no idea, but I, you know, from
historical research...

1306
00:51:03,099 --> 00:51:07,099
Didn't you like, didn't you like ever like go on forums and stuff like that? Because
that's what I used to do.

1307
00:51:07,099 --> 00:51:09,099
Of course. Yeah. Yeah. I was on Bitcoin talk.

1308
00:51:09,099 --> 00:51:14,099
Okay. I was expecting you would notice just because, you know, you know, I was cool.

1309
00:51:14,099 --> 00:51:23,099
It's a good question. It was a good question. How did it work? When was it all
separated into like Bitcoin QT, Bitcoin CLI, whatever?

1310
00:51:24,099 --> 00:51:33,099
Because I don't know why was QT chosen also? Like there are a lot of interesting
questions. It's like a Nokia phone, GY.

1311
00:51:33,099 --> 00:51:39,099
But you know what's really interesting that back in the day you could be up to date
with everything that was happening in Bitcoin.

1312
00:51:39,099 --> 00:51:47,099
Yeah, very easily. And I remember I used to be addicted to the site bitcoincharts, I
think, .org.

1313
00:51:47,099 --> 00:51:49,099
Yes. I used that one so much also.

1314
00:51:49,099 --> 00:51:50,099
It was very minimalist.

1315
00:51:50,099 --> 00:51:51,099
It's still up.

1316
00:51:51,099 --> 00:51:58,099
Well, I think you could check the news because there was a news thing and that news,
like that had all the news, 100%.

1317
00:51:58,099 --> 00:51:59,099
Yeah.

1318
00:51:59,099 --> 00:52:05,099
So if something ever posted anywhere, that's a great, we should put that in the show
notes because that's a real throwback.

1319
00:52:05,099 --> 00:52:08,099
Let's see, was it .org or .com, Bitcoin Charts?

1320
00:52:08,099 --> 00:52:12,099
I just shared it with you here. It's still up, by the way. It's still up.

1321
00:52:13,099 --> 00:52:19,099
Oh, you know what? I also like for the first part of the first year is like this is
all I would look at.

1322
00:52:19,099 --> 00:52:24,099
Yeah, yeah, of course. Because it was the only thing that had the price from the
different exchanges.

1323
00:52:24,099 --> 00:52:27,099
That was what was crazy about it. It had Mt. Gox and everything.

1324
00:52:27,099 --> 00:52:28,099
There's the, not Bitcoinity.

1325
00:52:28,099 --> 00:52:29,099
Like Bitstamp.

1326
00:52:29,099 --> 00:52:30,099
Yeah, Bitcoinity.

1327
00:52:30,099 --> 00:52:32,099
It still has Bitstamp.

1328
00:52:32,099 --> 00:52:35,099
Do you remember Bitcoinity, by the way? This one, I don't know if this was-

1329
00:52:35,099 --> 00:52:39,099
I do, but I didn't like, I wasn't like addicted to it like Bitcoin Charts.

1330
00:52:39,099 --> 00:52:42,099
Bitcoinity has like a lot of historical data, if you're interested.

1331
00:52:42,099 --> 00:52:45,099
Anyway, yeah, Bitcoin, oh my God, I remember this, man.

1332
00:52:45,099 --> 00:52:49,099
Yeah, Bitcoin Charts, it was just like refresh, refresh, refresh.

1333
00:52:49,099 --> 00:52:52,099
And then you saw some news pop up.

1334
00:52:52,099 --> 00:52:55,099
That was the news of the week.

1335
00:52:55,099 --> 00:52:56,099
Yeah.

1336
00:52:56,099 --> 00:52:58,099
Yeah, those were the days.

1337
00:52:58,099 --> 00:53:00,099
Although, no, these are the days, man.

1338
00:53:00,099 --> 00:53:02,099
Like there's more stuff happening here.

1339
00:53:02,099 --> 00:53:04,099
But yeah, I get the nostalgia. I totally get it.

1340
00:53:04,099 --> 00:53:05,099
Yeah, I know.

1341
00:53:05,099 --> 00:53:06,099
Oh yeah, life is better now.

1342
00:53:06,099 --> 00:53:10,099
I was just saying that was sort of fun.

1343
00:53:10,099 --> 00:53:12,099
Yeah, I was so excited, man.

1344
00:53:12,099 --> 00:53:14,099
I just felt like, oh my God.

1345
00:53:14,099 --> 00:53:16,099
I was so excited, I couldn't believe it.

1346
00:53:16,099 --> 00:53:18,099
See, I wish I could get excited about-

1347
00:53:18,099 --> 00:53:20,099
And then you wanted to see it green.

1348
00:53:20,099 --> 00:53:21,099
Yeah.

1349
00:53:21,099 --> 00:53:24,099
You know, that was the big thing is you could see it green when the price went up.

1350
00:53:24,099 --> 00:53:25,099
And it was like green.

1351
00:53:25,099 --> 00:53:27,099
You're like, yes, green, that means good.

1352
00:53:27,099 --> 00:53:29,099
Are you checking the website right now when everything is green?

1353
00:53:29,099 --> 00:53:30,099
Of course.

1354
00:53:30,099 --> 00:53:31,099
Like literally everything.

1355
00:53:31,099 --> 00:53:32,099
Yeah, everything is green now.

1356
00:53:32,099 --> 00:53:33,099
Like 21%.

1357
00:53:33,099 --> 00:53:36,099
Like, are you kidding me?

1358
00:53:36,099 --> 00:53:38,099
Although, that used to happen all the time.

1359
00:53:38,099 --> 00:53:41,099
Remember, it would like go up at 20% and just like crash like 15%.

1360
00:53:41,099 --> 00:53:43,099
It would just like be going-

1361
00:53:43,099 --> 00:53:45,099
It's gotten profoundly less volatile.

1362
00:53:45,099 --> 00:53:46,099
I know, man.

1363
00:53:46,099 --> 00:53:47,099
Profoundly.

1364
00:53:47,099 --> 00:53:51,099
Sometimes once or twice it crashed like 50% in a single day.

1365
00:53:51,099 --> 00:53:52,099
Yeah, yeah.

1366
00:53:52,099 --> 00:53:57,099
I remember it crashed from 200 like $20 to like $90.

1367
00:53:57,099 --> 00:53:58,099
Dude, listen, I-

1368
00:53:58,099 --> 00:54:01,099
Like April of 2013 or something.

1369
00:54:01,099 --> 00:54:02,099
Oh, yeah, yeah, yeah.

1370
00:54:02,099 --> 00:54:03,099
I remember that also.

1371
00:54:03,099 --> 00:54:04,099
I remember.

1372
00:54:04,099 --> 00:54:07,099
Man, like the thing is like people think now it's volatile or whatever.

1373
00:54:07,099 --> 00:54:11,099
But when you have been like for 10 volatile, things like that, then your whole net
worth wasn't that.

1374
00:54:11,099 --> 00:54:14,099
Like you don't feel anymore like right now it's like-

1375
00:54:14,099 --> 00:54:15,099
Yeah, no.

1376
00:54:15,099 --> 00:54:20,099
Anyone who's OG like does not care about the price at all because it's already super
high.

1377
00:54:20,099 --> 00:54:23,099
And it already-

1378
00:54:23,099 --> 00:54:26,099
There's, you know, people like you would never believe.

1379
00:54:26,099 --> 00:54:31,099
Like it would move 10% in a day for months on end.

1380
00:54:31,099 --> 00:54:32,099
Yeah.

1381
00:54:32,099 --> 00:54:33,099
Just for months on end.

1382
00:54:33,099 --> 00:54:35,099
It would just be crazy like that.

1383
00:54:35,099 --> 00:54:36,099
Yeah, and there was-

1384
00:54:36,099 --> 00:54:37,099
It was just like crazy.

1385
00:54:37,099 --> 00:54:39,099
And so many people made money with trading back then.

1386
00:54:39,099 --> 00:54:40,099
And I'll just be like, you shouldn't trade.

1387
00:54:40,099 --> 00:54:42,099
Like, dude, people made a lot of money because-

1388
00:54:42,099 --> 00:54:43,099
And there were also a lot of-

1389
00:54:43,099 --> 00:54:46,099
Like there was manipulation going on there.

1390
00:54:46,099 --> 00:54:47,099
You know, like there was-

1391
00:54:47,099 --> 00:54:48,099
Yeah, probably.

1392
00:54:48,099 --> 00:54:50,099
I mean, almost certainly because there were-

1393
00:54:50,099 --> 00:54:51,099
Yeah.

1394
00:54:51,099 --> 00:54:56,099
Because especially, I mean, the classic pump and dump thing, that would like play
out a lot.

1395
00:54:56,099 --> 00:54:59,099
The price would go up and then you could feel-

1396
00:54:59,099 --> 00:55:00,099
This is why we're immune to it now.

1397
00:55:00,099 --> 00:55:04,099
You feel like the switches throw in your brain, like the delusion switches.

1398
00:55:04,099 --> 00:55:06,099
And you're like, oh my God, the price is going up.

1399
00:55:06,099 --> 00:55:07,099
I was right about everything.

1400
00:55:07,099 --> 00:55:08,099
I could tell.

1401
00:55:08,099 --> 00:55:09,099
I'm going to tell everyone to fuck off.

1402
00:55:09,099 --> 00:55:10,099
I'm going to quit my job.

1403
00:55:10,099 --> 00:55:12,099
I'm going to quit everything.

1404
00:55:12,099 --> 00:55:15,099
You know, I'm the greatest human ever.

1405
00:55:15,099 --> 00:55:21,099
And then it like crashes and you just feel like horrible depression, despondent.

1406
00:55:21,099 --> 00:55:26,099
But yeah, that would happen so often that it would be so easy for someone to just do
that.

1407
00:55:26,099 --> 00:55:32,099
I'm sure that real Wall Street traders are skilled at putting people through that.

1408
00:55:32,099 --> 00:55:37,099
Well, the community of all these whale club pool whatever communities, that's what I
think was going on.

1409
00:55:37,099 --> 00:55:38,099
And there were some people who were like-

1410
00:55:38,099 --> 00:55:39,099
There's still by the way now.

1411
00:55:39,099 --> 00:55:44,099
Some people were like, you know, more skilled.

1412
00:55:44,099 --> 00:55:46,099
There were some people who other people would look up to, right?

1413
00:55:46,099 --> 00:55:49,099
And they would kind of come in the room and say this and that.

1414
00:55:49,099 --> 00:55:54,099
I think maybe there are people who hang out in those communities and what I'm saying
right now-

1415
00:55:54,099 --> 00:55:56,099
Yeah, but this is why you shouldn't trade though, because this is just-

1416
00:55:56,099 --> 00:55:58,099
You're always getting eaten by bigger fish.

1417
00:55:58,099 --> 00:55:59,099
Yeah.

1418
00:55:59,099 --> 00:56:01,099
Just don't trade.

1419
00:56:01,099 --> 00:56:03,099
Just do your research.

1420
00:56:03,099 --> 00:56:05,099
Do your little investment.

1421
00:56:05,099 --> 00:56:06,099
Just stop thinking about it.

1422
00:56:06,099 --> 00:56:08,099
Do you remember when DeRoz went there and had an interview with them?

1423
00:56:08,099 --> 00:56:10,099
It was like 2016 or something.

1424
00:56:10,099 --> 00:56:12,099
Yes, that was a long time ago.

1425
00:56:12,099 --> 00:56:15,099
Yeah, and he talked about efficient markets and everything, I think.

1426
00:56:15,099 --> 00:56:19,099
Yeah, it was like a text message battle between him and them.

1427
00:56:19,099 --> 00:56:20,099
Yeah.

1428
00:56:20,099 --> 00:56:21,099
That's what I remember.

1429
00:56:21,099 --> 00:56:22,099
No, he talked on voice.

1430
00:56:22,099 --> 00:56:23,099
It was a voice thing.

1431
00:56:23,099 --> 00:56:24,099
I could probably find it.

1432
00:56:24,099 --> 00:56:25,099
Oh, yeah.

1433
00:56:25,099 --> 00:56:30,099
Maybe he went- That was when it was- That was like when Discord was getting big.

1434
00:56:30,099 --> 00:56:32,099
Am I remembering that now?

1435
00:56:32,099 --> 00:56:33,099
Yeah.

1436
00:56:33,099 --> 00:56:35,099
He went in their Discord channel or something.

1437
00:56:36,099 --> 00:56:37,099
No, I don't think it was.

1438
00:56:37,099 --> 00:56:38,099
No, maybe I don't remember.

1439
00:56:38,099 --> 00:56:41,099
Anyway, I'm not also sure, but yeah.

1440
00:56:41,099 --> 00:56:43,099
But you know what?

1441
00:56:43,099 --> 00:56:44,099
Again, I just missed that.

1442
00:56:44,099 --> 00:56:45,099
I can't get that excited about it.

1443
00:56:45,099 --> 00:56:51,099
And it's not because it's just I'm an old man, but I don't think people have the
same attitude towards things.

1444
00:56:51,099 --> 00:56:57,099
And I want them, and I just feel so happy with those joys of excitement like that.

1445
00:56:57,099 --> 00:56:58,099
And it was such a special thing.

1446
00:56:58,099 --> 00:57:00,099
And now no one thinks about it as a special thing.

1447
00:57:00,099 --> 00:57:04,099
Everyone just thinks like it's like, oh, do you run a node?

1448
00:57:04,099 --> 00:57:05,099
That's all it became to.

1449
00:57:05,099 --> 00:57:08,099
It's not- I want those days back.

1450
00:57:08,099 --> 00:57:09,099
I want to feel excited.

1451
00:57:09,099 --> 00:57:11,099
I want to get off my chair every time.

1452
00:57:11,099 --> 00:57:12,099
I still am like that, I guess.

1453
00:57:12,099 --> 00:57:14,099
I still get off my chair every time I talk about Bitcoin.

1454
00:57:14,099 --> 00:57:19,099
Yeah, I think in the past, it was like clearer how you would make progress.

1455
00:57:19,099 --> 00:57:22,099
Whereas today, it's like there is nothing you can do.

1456
00:57:22,099 --> 00:57:24,099
Success is preordained.

1457
00:57:24,099 --> 00:57:26,099
Just don't do anything.

1458
00:57:26,099 --> 00:57:28,099
And I think people find that annoying.

1459
00:57:28,099 --> 00:57:32,099
Rightly so, because it's not true.

1460
00:57:32,099 --> 00:57:36,099
Lots of stuff has to be done for Bitcoin to succeed.

1461
00:57:36,099 --> 00:57:42,099
But yeah, I think people like to make progress towards something.

1462
00:57:42,099 --> 00:57:49,099
So in the past, you could like- it was clear that there was a way forward.

1463
00:57:49,099 --> 00:57:50,099
Yeah, I'm not talking about-

1464
00:57:50,099 --> 00:57:51,099
But here it's kind of like-

1465
00:57:51,099 --> 00:57:52,099
I'm just talking-

1466
00:57:52,099 --> 00:57:55,099
You're stuck, and everyone just kind of waits around.

1467
00:57:55,099 --> 00:57:57,099
No, my criticism isn't towards that.

1468
00:57:57,099 --> 00:57:59,099
My criticism is more like the attitude of people, man.

1469
00:57:59,099 --> 00:58:01,099
There was a different attitude that people had.

1470
00:58:01,099 --> 00:58:03,099
It was just something else.

1471
00:58:03,099 --> 00:58:04,099
Everyone was doing something.

1472
00:58:04,099 --> 00:58:05,099
Everyone was hustling somewhere.

1473
00:58:05,099 --> 00:58:07,099
Everyone was just like-

1474
00:58:07,099 --> 00:58:09,099
They were walking differently on the street.

1475
00:58:09,099 --> 00:58:11,099
Now everyone is just like-

1476
00:58:11,099 --> 00:58:12,099
No one-

1477
00:58:12,099 --> 00:58:13,099
Everyone is just like-

1478
00:58:13,099 --> 00:58:14,099
I don't know, not doing anything.

1479
00:58:14,099 --> 00:58:15,099
No one is excited about it.

1480
00:58:15,099 --> 00:58:17,099
No one feels like this is the greatest thing in the world.

1481
00:58:17,099 --> 00:58:19,099
And the people who do think it's the greatest thing in the world,

1482
00:58:19,099 --> 00:58:21,099
they say it in a boring way, if you ask me.

1483
00:58:21,099 --> 00:58:22,099
And I don't know.

1484
00:58:22,099 --> 00:58:24,099
Maybe that's a stupid criticism.

1485
00:58:24,099 --> 00:58:25,099
But yeah.

1486
00:58:25,099 --> 00:58:27,099
No, I think I know what you mean.

1487
00:58:28,099 --> 00:58:31,099
Like I said in that video, everyone was linging dick.

1488
00:58:31,099 --> 00:58:32,099
From the people who-

1489
00:58:32,099 --> 00:58:34,099
Everyone was just linging serious dick.

1490
00:58:34,099 --> 00:58:36,099
There was this attitude of like-

1491
00:58:36,099 --> 00:58:37,099
Fuck, yeah.

1492
00:58:37,099 --> 00:58:39,099
And now the attitude is more like-

1493
00:58:39,099 --> 00:58:40,099
Be humble.

1494
00:58:40,099 --> 00:58:41,099
Run a node.

1495
00:58:43,099 --> 00:58:44,099
I just don't understand.

1496
00:58:44,099 --> 00:58:46,099
This is the greatest thing in human history,

1497
00:58:46,099 --> 00:58:48,099
and you're supposed to be humble about it?

1498
00:58:48,099 --> 00:58:49,099
I don't know.

1499
00:58:49,099 --> 00:58:50,099
Well, yeah.

1500
00:58:50,099 --> 00:58:53,099
I definitely think that, again, culturally,

1501
00:58:53,099 --> 00:58:54,099
with the block size debate,

1502
00:58:54,099 --> 00:58:56,099
it landed people in a weird spot.

1503
00:58:56,099 --> 00:58:59,099
Because before, it was like,

1504
00:58:59,099 --> 00:59:02,099
how can we get people to use Bitcoin and adopt Bitcoin

1505
00:59:02,099 --> 00:59:04,099
and make their first Bitcoin transaction?

1506
00:59:04,099 --> 00:59:07,099
And now it has shifted slightly.

1507
00:59:08,099 --> 00:59:11,099
But what I want to call attention to

1508
00:59:11,099 --> 00:59:14,099
is the fact that now it's sort of aversive.

1509
00:59:15,099 --> 00:59:18,099
People don't want to say that

1510
00:59:18,099 --> 00:59:20,099
because they'll be afraid of being accused

1511
00:59:20,099 --> 00:59:22,099
of being a large blocker

1512
00:59:22,099 --> 00:59:25,099
or a BCH person or something.

1513
00:59:26,099 --> 00:59:27,099
And they-

1514
00:59:27,099 --> 00:59:29,099
So people know that they shouldn't just say

1515
00:59:29,099 --> 00:59:31,099
that everyone should adopt Bitcoin.

1516
00:59:31,099 --> 00:59:34,099
They have to also say adopt Lightning or something.

1517
00:59:34,099 --> 00:59:37,099
And so people kind of don't really know-

1518
00:59:37,099 --> 00:59:39,099
It kind of messes with the narrative a little bit, I think.

1519
00:59:39,099 --> 00:59:41,099
Because people know they want to get excited about Bitcoin,

1520
00:59:41,099 --> 00:59:43,099
but they also know that they shouldn't say

1521
00:59:43,099 --> 00:59:45,099
that people should use Bitcoin,

1522
00:59:45,099 --> 00:59:48,099
and this lands people in a kind of awkward spot.

1523
00:59:48,099 --> 00:59:50,099
And that is kind of-

1524
00:59:50,099 --> 00:59:52,099
I'm not really seeing this that much.

1525
00:59:52,099 --> 00:59:53,099
I don't know.

1526
00:59:53,099 --> 00:59:55,099
I don't experience what you're just saying.

1527
00:59:55,099 --> 00:59:56,099
I didn't see it.

1528
00:59:56,099 --> 00:59:58,099
Well, instead, the narrative is buy and hold.

1529
00:59:58,099 --> 00:59:59,099
Yeah.

1530
00:59:59,099 --> 01:00:01,099
You know what my problem is with buy and hold, man?

1531
01:00:01,099 --> 01:00:02,099
This happened.

1532
01:00:02,099 --> 01:00:04,099
I had this really nice guitar,

1533
01:00:04,099 --> 01:00:05,099
and I was going to sell it.

1534
01:00:05,099 --> 01:00:07,099
And it was incredible.

1535
01:00:07,099 --> 01:00:08,099
And so I go to the shop and I'm like,

1536
01:00:08,099 --> 01:00:10,099
dude, I want to sell my guitar, whatever.

1537
01:00:10,099 --> 01:00:11,099
And he goes like,

1538
01:00:11,099 --> 01:00:12,099
dude, don't sell this guitar.

1539
01:00:12,099 --> 01:00:14,099
You're never going to have a guitar like this.

1540
01:00:14,099 --> 01:00:15,099
And that made me mad.

1541
01:00:15,099 --> 01:00:17,099
He's like, well, you think I'm not going to have money

1542
01:00:17,099 --> 01:00:19,099
in the future to buy a guitar like this if I want to?

1543
01:00:19,099 --> 01:00:21,099
You really think that's it?

1544
01:00:22,099 --> 01:00:23,099
My life is this one chance

1545
01:00:23,099 --> 01:00:25,099
and I'll never get the greatest guitar in the world?

1546
01:00:25,099 --> 01:00:26,099
It's the same thing with Bitcoin.

1547
01:00:26,099 --> 01:00:27,099
It's like, really?

1548
01:00:27,099 --> 01:00:29,099
You really think there's nothing I could do

1549
01:00:29,099 --> 01:00:30,099
to make more Bitcoin in the future?

1550
01:00:30,099 --> 01:00:33,099
Is this like I'm supposed to buy a lottery ticket

1551
01:00:33,099 --> 01:00:34,099
and wait for it now?

1552
01:00:34,099 --> 01:00:36,099
And that's what a lot of people think it is.

1553
01:00:36,099 --> 01:00:37,099
And they're not aspiring towards anything.

1554
01:00:37,099 --> 01:00:39,099
Everyone just wants to get rich

1555
01:00:39,099 --> 01:00:41,099
and go buy a cabin in the woods.

1556
01:00:41,099 --> 01:00:42,099
That's my issue.

1557
01:00:42,099 --> 01:00:43,099
That's what I'm trying to say

1558
01:00:43,099 --> 01:00:47,099
is that people like to aspire towards things.

1559
01:00:47,099 --> 01:00:48,099
I don't think people like that.

1560
01:00:48,099 --> 01:00:50,099
I don't see anyone aspiring towards anything.

1561
01:00:50,099 --> 01:00:53,099
No, but I think that they are defeated

1562
01:00:53,099 --> 01:00:55,099
by the culture of Bitcoin.

1563
01:00:55,099 --> 01:00:57,099
They would prefer to, but they can't.

1564
01:00:57,099 --> 01:01:01,099
They know that if they try some things,

1565
01:01:01,099 --> 01:01:04,099
the things that the community doesn't like,

1566
01:01:04,099 --> 01:01:07,099
and they don't want to do that.

1567
01:01:07,099 --> 01:01:09,099
So they don't want to be like Roger Ver.

1568
01:01:09,099 --> 01:01:12,099
But Roger did something very stupid, though.

1569
01:01:12,099 --> 01:01:13,099
That's the problem,

1570
01:01:13,099 --> 01:01:14,099
because he was also very wrong

1571
01:01:14,099 --> 01:01:16,099
about what he was fighting for.

1572
01:01:16,099 --> 01:01:18,099
I have technical arguments to say

1573
01:01:19,099 --> 01:01:20,099
that didn't make sense.

1574
01:01:20,099 --> 01:01:22,099
Yes, but most people don't understand

1575
01:01:22,099 --> 01:01:24,099
those arguments at all.

1576
01:01:24,099 --> 01:01:25,099
So most people are just like,

1577
01:01:25,099 --> 01:01:31,099
okay, that was a guy who was enthusiastic.

1578
01:01:31,099 --> 01:01:33,099
But if I don't understand technical arguments,

1579
01:01:33,099 --> 01:01:35,099
I guess I just shouldn't do anything,

1580
01:01:35,099 --> 01:01:37,099
or I guess I just shouldn't say anything.

1581
01:01:37,099 --> 01:01:39,099
So that's the lesson is people are just like,

1582
01:01:39,099 --> 01:01:41,099
well, I'll just be quiet and trust.

1583
01:01:41,099 --> 01:01:43,099
And I'll just trust the experts,

1584
01:01:43,099 --> 01:01:45,099
which is never a good sign.

1585
01:01:45,099 --> 01:01:46,099
You are so right.

1586
01:01:46,099 --> 01:01:48,099
There is this pecking order,

1587
01:01:48,099 --> 01:01:50,099
where if you're technical,

1588
01:01:50,099 --> 01:01:51,099
whatever the fuck that means,

1589
01:01:51,099 --> 01:01:53,099
if you could talk about things,

1590
01:01:53,099 --> 01:01:55,099
if you use fancy words about things

1591
01:01:55,099 --> 01:01:56,099
and people don't know why they are,

1592
01:01:56,099 --> 01:01:58,099
they all of a sudden assume you're smart,

1593
01:01:58,099 --> 01:02:00,099
and they're going to listen to you.

1594
01:02:00,099 --> 01:02:02,099
Oh, by the way, I added a PGP key

1595
01:02:02,099 --> 01:02:03,099
in my Twitter handle,

1596
01:02:03,099 --> 01:02:05,099
even though I don't sign anything with it.

1597
01:02:05,099 --> 01:02:07,099
Yeah, I have mine in there too,

1598
01:02:07,099 --> 01:02:08,099
because I don't know why not.

1599
01:02:08,099 --> 01:02:11,099
But now I kind of see why you're laughing,

1600
01:02:11,099 --> 01:02:12,099
because it's kind of silly.

1601
01:02:12,099 --> 01:02:14,099
It is, because what the fuck,

1602
01:02:14,099 --> 01:02:15,099
if you're not doing GitHub commits,

1603
01:02:16,099 --> 01:02:18,099
what the fuck are you going to use it for?

1604
01:02:18,099 --> 01:02:19,099
I don't know.

1605
01:02:19,099 --> 01:02:21,099
Sometimes people email me with PGPs.

1606
01:02:21,099 --> 01:02:22,099
But the thing is that,

1607
01:02:22,099 --> 01:02:24,099
the reason why I have it is because

1608
01:02:24,099 --> 01:02:26,099
I think people think I'm more smart than I am,

1609
01:02:26,099 --> 01:02:27,099
because it's like, oh my God,

1610
01:02:27,099 --> 01:02:29,099
it's a key or something, right?

1611
01:02:29,099 --> 01:02:30,099
It's a developer or something.

1612
01:02:30,099 --> 01:02:31,099
It's kind of, yeah.

1613
01:02:31,099 --> 01:02:33,099
Well, it's weird to do that

1614
01:02:33,099 --> 01:02:36,099
when Twitter has decided

1615
01:02:36,099 --> 01:02:41,099
that it will just rearrange information

1616
01:02:41,099 --> 01:02:42,099
for the greater good.

1617
01:02:43,099 --> 01:02:45,099
So it's kind of like,

1618
01:02:45,099 --> 01:02:48,099
it's not super reliable channel

1619
01:02:48,099 --> 01:02:54,099
of getting your PGP key across.

1620
01:02:54,099 --> 01:02:55,099
I mean, sometimes it is.

1621
01:02:55,099 --> 01:02:56,099
I don't know.

1622
01:02:56,099 --> 01:02:57,099
The thing is like,

1623
01:02:57,099 --> 01:02:58,099
so let's say right now I want to like,

1624
01:02:58,099 --> 01:02:59,099
you release something

1625
01:02:59,099 --> 01:03:01,099
and I want to see the binaries.

1626
01:03:01,099 --> 01:03:03,099
The right way would be to look in multiple sources,

1627
01:03:03,099 --> 01:03:05,099
like on a key server or whatever.

1628
01:03:05,099 --> 01:03:06,099
So if it's just one more,

1629
01:03:06,099 --> 01:03:07,099
it's not that bad.

1630
01:03:07,099 --> 01:03:08,099
But it's not the most reliable one.

1631
01:03:08,099 --> 01:03:09,099
You're right.

1632
01:03:09,099 --> 01:03:10,099
It's another option, right?

1633
01:03:10,099 --> 01:03:11,099
You're right.

1634
01:03:11,099 --> 01:03:12,099
But I don't think-

1635
01:03:12,099 --> 01:03:17,099
I mean, one day we'll have that Namecoin sidechain

1636
01:03:17,099 --> 01:03:19,099
and this will all be a thing of the past

1637
01:03:19,099 --> 01:03:22,099
because all of your keys and logins

1638
01:03:22,099 --> 01:03:24,099
will all just be with that one name that you have

1639
01:03:24,099 --> 01:03:27,099
and it'll all be a beautiful world one day.

1640
01:03:27,099 --> 01:03:28,099
I see what you're trying to say.

1641
01:03:28,099 --> 01:03:30,099
So you'll just have your name,

1642
01:03:30,099 --> 01:03:31,099
whatever you want it to be,

1643
01:03:31,099 --> 01:03:32,099
whatever.

1644
01:03:32,099 --> 01:03:34,099
So it's pretty much like Keybase.

1645
01:03:34,099 --> 01:03:35,099
You're trying to say like-

1646
01:03:35,099 --> 01:03:36,099
Yeah, exactly.

1647
01:03:36,099 --> 01:03:37,099
And that thing will have

1648
01:03:37,099 --> 01:03:40,099
all of your login usernames and login stuff

1649
01:03:40,099 --> 01:03:42,099
for every single thing,

1650
01:03:42,099 --> 01:03:43,099
even things that aren't invented yet.

1651
01:03:43,099 --> 01:03:44,099
And that's going to be derived.

1652
01:03:44,099 --> 01:03:46,099
It's the same as like an ancient wallet, right?

1653
01:03:46,099 --> 01:03:47,099
Because it'll just be like,

1654
01:03:47,099 --> 01:03:49,099
they'll kick you a thing and you sign it

1655
01:03:49,099 --> 01:03:51,099
and then it kicks back and you're logged in.

1656
01:03:51,099 --> 01:03:53,099
So it'll be like a password manager

1657
01:03:53,099 --> 01:03:54,099
and it'll be everything.

1658
01:03:54,099 --> 01:03:55,099
It'll just all be integrated.

1659
01:03:55,099 --> 01:03:56,099
You'll never need to know.

1660
01:03:56,099 --> 01:03:57,099
Like if you go,

1661
01:03:57,099 --> 01:03:59,099
oh, I really like this guy's Twitter.

1662
01:03:59,099 --> 01:04:00,099
I wonder what his YouTube channel is.

1663
01:04:00,099 --> 01:04:02,099
Or I really like this guy's YouTube.

1664
01:04:02,099 --> 01:04:03,099
I wonder what his Instagram is.

1665
01:04:03,099 --> 01:04:05,099
It'll all just be the same thing

1666
01:04:05,099 --> 01:04:07,099
and it'll be glorious.

1667
01:04:07,099 --> 01:04:09,099
You'll never have to log in again to anywhere

1668
01:04:09,099 --> 01:04:10,099
because it'll just,

1669
01:04:10,099 --> 01:04:11,099
it'll know,

1670
01:04:11,099 --> 01:04:13,099
there'll be some kind of browser plugin

1671
01:04:13,099 --> 01:04:14,099
and it'll just be your one ID.

1672
01:04:14,099 --> 01:04:16,099
And of course you have multiple IDs.

1673
01:04:16,099 --> 01:04:17,099
So you have like your,

1674
01:04:17,099 --> 01:04:19,099
you have like your real ID

1675
01:04:19,099 --> 01:04:21,099
that the government knows about

1676
01:04:21,099 --> 01:04:22,099
and that your friends know about.

1677
01:04:22,099 --> 01:04:24,099
And then you have like, you know,

1678
01:04:24,099 --> 01:04:27,099
like your weird pornography ID or whatever

1679
01:04:27,099 --> 01:04:29,099
to sign it onto your weird sites, you know,

1680
01:04:29,099 --> 01:04:30,099
that you don't want other people to know about.

1681
01:04:30,099 --> 01:04:32,099
And then you have like your crazy Walter White

1682
01:04:33,099 --> 01:04:35,099
crime Lord ID or whatever, you know,

1683
01:04:35,099 --> 01:04:36,099
whatever you do in here.

1684
01:04:36,099 --> 01:04:38,099
And then you have like a couple of extra IDs

1685
01:04:38,099 --> 01:04:39,099
just for fun.

1686
01:04:39,099 --> 01:04:40,099
You can make them,

1687
01:04:40,099 --> 01:04:41,099
it'll be like Bitcoin addresses

1688
01:04:41,099 --> 01:04:43,099
or you can just make a million of them if you want.

1689
01:04:43,099 --> 01:04:44,099
So it'll be,

1690
01:04:44,099 --> 01:04:45,099
that'll be,

1691
01:04:45,099 --> 01:04:46,099
that'll be the greatest thing ever.

1692
01:04:46,099 --> 01:04:47,099
One day,

1693
01:04:47,099 --> 01:04:48,099
that's the one,

1694
01:04:48,099 --> 01:04:49,099
I don't know how far away that is,

1695
01:04:49,099 --> 01:04:50,099
dear people,

1696
01:04:50,099 --> 01:04:53,099
both people in the audience who are listening,

1697
01:04:53,099 --> 01:04:58,099
but one day we'll reach that shining city on the hill

1698
01:04:58,099 --> 01:05:01,099
and you won't have to think about all this junk anymore.

1699
01:05:01,099 --> 01:05:02,099
Things like this,

1700
01:05:02,099 --> 01:05:04,099
people don't want to explore in a Bitcoin community.

1701
01:05:04,099 --> 01:05:05,099
I know.

1702
01:05:05,099 --> 01:05:06,099
People used to do,

1703
01:05:06,099 --> 01:05:08,099
people used to talk about,

1704
01:05:08,099 --> 01:05:09,099
they were like,

1705
01:05:09,099 --> 01:05:10,099
we're going to use Bitcoin for this.

1706
01:05:10,099 --> 01:05:11,099
We're going to use this.

1707
01:05:11,099 --> 01:05:12,099
It's going to change everything.

1708
01:05:12,099 --> 01:05:13,099
We're going to timestamp everything.

1709
01:05:13,099 --> 01:05:16,099
Evidence is going to be never going to be the same.

1710
01:05:16,099 --> 01:05:17,099
Yeah.

1711
01:05:17,099 --> 01:05:18,099
And it was,

1712
01:05:18,099 --> 01:05:19,099
you're right.

1713
01:05:19,099 --> 01:05:20,099
That is an example of how different it was.

1714
01:05:20,099 --> 01:05:21,099
It used to be like,

1715
01:05:21,099 --> 01:05:23,099
people could just talk like that all the time

1716
01:05:23,099 --> 01:05:24,099
about some crazy idea.

1717
01:05:24,099 --> 01:05:27,099
And now it's like that idea wasn't good

1718
01:05:27,099 --> 01:05:29,099
because you didn't whatever,

1719
01:05:29,099 --> 01:05:32,099
think about the effect it would have on the network.

1720
01:05:32,099 --> 01:05:33,099
Yeah.

1721
01:05:33,099 --> 01:05:35,099
And the thing is that I remember at one point

1722
01:05:35,099 --> 01:05:37,099
I went on this peer-to-peer markets like rabbit hole,

1723
01:05:37,099 --> 01:05:38,099
dude.

1724
01:05:38,099 --> 01:05:39,099
And I spent like a week just like,

1725
01:05:39,099 --> 01:05:41,099
there were a lot of posts on this,

1726
01:05:41,099 --> 01:05:43,099
like on Bitcoin talk from even like really old ones.

1727
01:05:43,099 --> 01:05:46,099
And people were just saying the most stupidest things

1728
01:05:46,099 --> 01:05:47,099
and people would address them.

1729
01:05:47,099 --> 01:05:48,099
And that was fine.

1730
01:05:48,099 --> 01:05:49,099
It was,

1731
01:05:49,099 --> 01:05:50,099
it was a conversation.

1732
01:05:50,099 --> 01:05:51,099
It wasn't like,

1733
01:05:51,099 --> 01:05:52,099
you know,

1734
01:05:52,099 --> 01:05:53,099
you're not a devil for seeing some people.

1735
01:05:53,099 --> 01:05:54,099
Yeah.

1736
01:05:54,099 --> 01:05:55,099
And people got it.

1737
01:05:55,099 --> 01:05:56,099
Creativity.

1738
01:05:56,099 --> 01:05:57,099
Yeah.

1739
01:05:57,099 --> 01:05:58,099
It was like that.

1740
01:05:58,099 --> 01:05:59,099
Yeah.

1741
01:05:59,099 --> 01:06:00,099
I mean,

1742
01:06:00,099 --> 01:06:01,099
I'm sure there are like,

1743
01:06:01,099 --> 01:06:03,099
this is all just the offshoot of,

1744
01:06:03,099 --> 01:06:04,099
you know,

1745
01:06:04,099 --> 01:06:07,099
my point on that is that this is all just an offshoot of the site,

1746
01:06:07,099 --> 01:06:09,099
the failure of sidechains.

1747
01:06:09,099 --> 01:06:12,099
I like how you're always circling everything back to your project,

1748
01:06:12,099 --> 01:06:13,099
but you are right.

1749
01:06:13,099 --> 01:06:14,099
I mean,

1750
01:06:14,099 --> 01:06:15,099
you are doing that,

1751
01:06:15,099 --> 01:06:16,099
but it's like,

1752
01:06:16,099 --> 01:06:18,099
it's not as though I worked on the project first

1753
01:06:18,099 --> 01:06:20,099
and then trying to manipulate the narrative.

1754
01:06:20,099 --> 01:06:21,099
I was just joking.

1755
01:06:21,099 --> 01:06:22,099
It's fine.

1756
01:06:22,099 --> 01:06:25,099
My project is the prediction markets project,

1757
01:06:25,099 --> 01:06:28,099
but all the other stuff I do is when I look at the Bitcoin community and I

1758
01:06:28,099 --> 01:06:30,099
see it for the,

1759
01:06:30,099 --> 01:06:33,099
the underperforming mess that it is,

1760
01:06:33,099 --> 01:06:35,099
and then I'm trying to fix that.

1761
01:06:35,099 --> 01:06:36,099
So I'm like,

1762
01:06:36,099 --> 01:06:37,099
it's not as though I,

1763
01:06:37,099 --> 01:06:39,099
I have to push back.

1764
01:06:39,099 --> 01:06:41,099
And I don't think it's fair to say it's an underperforming mess.

1765
01:06:41,099 --> 01:06:42,099
And,

1766
01:06:42,099 --> 01:06:44,099
and culturally it is,

1767
01:06:44,099 --> 01:06:45,099
you know,

1768
01:06:45,099 --> 01:06:46,099
it's great.

1769
01:06:46,099 --> 01:06:47,099
Obviously it's,

1770
01:06:47,099 --> 01:06:48,099
it's fulfilled its purpose.

1771
01:06:48,099 --> 01:06:51,099
It's a wonderful bank for moving money around the world.

1772
01:06:51,099 --> 01:06:53,099
And it works as advertised.

1773
01:06:54,099 --> 01:06:55,099
And yeah,

1774
01:06:55,099 --> 01:06:56,099
but it's not,

1775
01:06:56,099 --> 01:06:57,099
you know,

1776
01:06:57,099 --> 01:06:58,099
I think we have,

1777
01:06:58,099 --> 01:07:00,099
we should make it clear that all these things that we're talking about,

1778
01:07:00,099 --> 01:07:02,099
it's more a Twitter problem.

1779
01:07:02,099 --> 01:07:03,099
And there are a lot of people,

1780
01:07:03,099 --> 01:07:04,099
come on.

1781
01:07:04,099 --> 01:07:07,099
There's a lot of like smart people and a lot of like otter plays on the

1782
01:07:07,099 --> 01:07:09,099
internet and IRC and whatever,

1783
01:07:09,099 --> 01:07:10,099
but that's not the case.

1784
01:07:10,099 --> 01:07:11,099
And you know,

1785
01:07:11,099 --> 01:07:12,099
very well.

1786
01:07:12,099 --> 01:07:14,099
And there's still have this conversation and want it right there.

1787
01:07:14,099 --> 01:07:15,099
So that's not everywhere.

1788
01:07:15,099 --> 01:07:16,099
That's true.

1789
01:07:16,099 --> 01:07:17,099
I think you're right.

1790
01:07:17,099 --> 01:07:18,099
It's weird that,

1791
01:07:18,099 --> 01:07:19,099
I mean,

1792
01:07:19,099 --> 01:07:20,099
I don't know,

1793
01:07:20,099 --> 01:07:21,099
but there's some people who are on Twitter.

1794
01:07:22,099 --> 01:07:25,099
It seems as though Twitter has a very strong influence about like the

1795
01:07:25,099 --> 01:07:29,099
stuff that happens on Twitter seems to affect like who gets invited to

1796
01:07:29,099 --> 01:07:30,099
conferences.

1797
01:07:30,099 --> 01:07:31,099
It's emotional arbitrage.

1798
01:07:31,099 --> 01:07:32,099
Well,

1799
01:07:32,099 --> 01:07:33,099
here's the thing right now,

1800
01:07:33,099 --> 01:07:34,099
but no,

1801
01:07:34,099 --> 01:07:35,099
but that's not what I'm saying.

1802
01:07:35,099 --> 01:07:36,099
I'm saying some Twitter effects,

1803
01:07:36,099 --> 01:07:38,099
like who gets what job sometimes,

1804
01:07:38,099 --> 01:07:39,099
right?

1805
01:07:39,099 --> 01:07:46,099
Like some people get hired just because of like their tweets,

1806
01:07:46,099 --> 01:07:48,099
they get hired at for some,

1807
01:07:48,099 --> 01:07:49,099
for some Seneca job.

1808
01:07:49,099 --> 01:07:50,099
But one second here.

1809
01:07:50,099 --> 01:07:51,099
I know.

1810
01:07:51,099 --> 01:07:52,099
So if,

1811
01:07:52,099 --> 01:07:53,099
if there were,

1812
01:07:53,099 --> 01:07:54,099
let's say I have a company that does something,

1813
01:07:54,099 --> 01:07:57,099
you understand what I'm trying to say now is that somehow Twitter affects

1814
01:07:57,099 --> 01:07:58,099
the conferences.

1815
01:07:58,099 --> 01:07:59,099
It affects.

1816
01:07:59,099 --> 01:08:00,099
That's okay.

1817
01:08:00,099 --> 01:08:01,099
Code.

1818
01:08:01,099 --> 01:08:02,099
It affects,

1819
01:08:02,099 --> 01:08:03,099
you know,

1820
01:08:03,099 --> 01:08:04,099
it was the UASF was like a Twitter thing.

1821
01:08:04,099 --> 01:08:05,099
Kind of not really.

1822
01:08:05,099 --> 01:08:06,099
It's barely,

1823
01:08:06,099 --> 01:08:07,099
that's when it kind of started people.

1824
01:08:07,099 --> 01:08:08,099
Yeah.

1825
01:08:08,099 --> 01:08:09,099
It's hard to say.

1826
01:08:09,099 --> 01:08:10,099
It was a Reddit was the biggest thing.

1827
01:08:10,099 --> 01:08:11,099
It was still a big red anyway,

1828
01:08:11,099 --> 01:08:12,099
but here's the thing right now.

1829
01:08:12,099 --> 01:08:13,099
So let's say I have a company and I want to start the water bottles.

1830
01:08:13,099 --> 01:08:14,099
Right.

1831
01:08:14,099 --> 01:08:16,099
And I see this guy who's really good at getting attention on Twitter.

1832
01:08:16,099 --> 01:08:17,099
Well,

1833
01:08:17,099 --> 01:08:18,099
that's my guy.

1834
01:08:18,099 --> 01:08:20,099
I'm going to hire my guy because my guy knows how to mean.

1835
01:08:20,099 --> 01:08:21,099
So it makes sense.

1836
01:08:21,099 --> 01:08:22,099
Sure.

1837
01:08:22,099 --> 01:08:23,099
Like,

1838
01:08:23,099 --> 01:08:24,099
yes.

1839
01:08:24,099 --> 01:08:25,099
I know I'm saying,

1840
01:08:25,099 --> 01:08:26,099
but I'm just saying like,

1841
01:08:26,099 --> 01:08:27,099
why is it Twitter?

1842
01:08:27,099 --> 01:08:28,099
That is,

1843
01:08:28,099 --> 01:08:29,099
why is the tail wagging the dog?

1844
01:08:29,099 --> 01:08:30,099
You know what I mean?

1845
01:08:30,099 --> 01:08:31,099
Like,

1846
01:08:31,099 --> 01:08:32,099
why is it Twitter?

1847
01:08:32,099 --> 01:08:33,099
That is.

1848
01:08:33,099 --> 01:08:34,099
So influential.

1849
01:08:34,099 --> 01:08:35,099
I think it's,

1850
01:08:35,099 --> 01:08:37,099
I think it's the sun is setting on Twitter,

1851
01:08:37,099 --> 01:08:39,099
but I just think that what,

1852
01:08:39,099 --> 01:08:40,099
why isn't it Reddit?

1853
01:08:40,099 --> 01:08:41,099
Like what used to be,

1854
01:08:41,099 --> 01:08:42,099
why isn't it?

1855
01:08:42,099 --> 01:08:43,099
Why isn't it telegram?

1856
01:08:43,099 --> 01:08:44,099
Why isn't it?

1857
01:08:45,099 --> 01:08:46,099
Why isn't it formed at bitcoin.com?

1858
01:08:46,099 --> 01:08:47,099
Like,

1859
01:08:47,099 --> 01:08:48,099
why is it?

1860
01:08:48,099 --> 01:08:49,099
Why could be something else?

1861
01:08:49,099 --> 01:08:50,099
Because it sucks.

1862
01:08:50,099 --> 01:08:51,099
Donkey balls.

1863
01:08:51,099 --> 01:08:52,099
I'm just saying,

1864
01:08:52,099 --> 01:08:53,099
I was just as an example.

1865
01:08:53,099 --> 01:08:54,099
I know,

1866
01:08:54,099 --> 01:08:55,099
but I have to ask for you.

1867
01:08:55,099 --> 01:08:56,099
So you,

1868
01:08:56,099 --> 01:08:57,099
I think there,

1869
01:08:57,099 --> 01:08:58,099
there seems to be this,

1870
01:08:58,099 --> 01:08:59,099
this thing that,

1871
01:08:59,099 --> 01:09:00,099
that,

1872
01:09:00,099 --> 01:09:01,099
that converges into like very small,

1873
01:09:01,099 --> 01:09:02,099
small format things.

1874
01:09:02,099 --> 01:09:03,099
You want to use that.

1875
01:09:03,099 --> 01:09:07,099
You want to play with at least attention on this effort and get the most amygdala
stimulants.

1876
01:09:07,099 --> 01:09:08,099
Right.

1877
01:09:08,099 --> 01:09:09,099
And,

1878
01:09:09,099 --> 01:09:11,099
and all the social medias are markets.

1879
01:09:12,099 --> 01:09:13,099
To pricing,

1880
01:09:13,099 --> 01:09:14,099
uh,

1881
01:09:14,099 --> 01:09:15,099
uh,

1882
01:09:15,099 --> 01:09:16,099
things into amygdala stimulants.

1883
01:09:16,099 --> 01:09:17,099
Right.

1884
01:09:17,099 --> 01:09:18,099
I know I'm getting abstract,

1885
01:09:18,099 --> 01:09:19,099
but fuck you.

1886
01:09:19,099 --> 01:09:20,099
Yeah.

1887
01:09:20,099 --> 01:09:21,099
Yeah.

1888
01:09:21,099 --> 01:09:22,099
It's a little,

1889
01:09:22,099 --> 01:09:23,099
it's very theoretical,

1890
01:09:23,099 --> 01:09:24,099
but I'm,

1891
01:09:24,099 --> 01:09:25,099
I'm on board with it so far.

1892
01:09:25,099 --> 01:09:26,099
Okay.

1893
01:09:26,099 --> 01:09:29,099
But the point is that right now you want to pay as little as you can.

1894
01:09:29,099 --> 01:09:30,099
And,

1895
01:09:30,099 --> 01:09:31,099
and,

1896
01:09:31,099 --> 01:09:33,099
and Twitter seems to be the best format for this.

1897
01:09:33,099 --> 01:09:34,099
Like you just think,

1898
01:09:34,099 --> 01:09:39,099
but that would explain why Twitter is also taking over other parts of the world.

1899
01:09:39,099 --> 01:09:40,099
Like most media.

1900
01:09:40,099 --> 01:09:41,099
And,

1901
01:09:41,099 --> 01:09:42,099
uh,

1902
01:09:42,099 --> 01:09:43,099
yeah.

1903
01:09:43,099 --> 01:09:44,099
And that's why Vine makes a lot of sense right now.

1904
01:09:44,099 --> 01:09:47,099
That's why we were seeing this kind of vergence towards it.

1905
01:09:47,099 --> 01:09:48,099
There's this low for again,

1906
01:09:48,099 --> 01:09:49,099
it's just cost versus benefit.

1907
01:09:49,099 --> 01:09:50,099
Yeah.

1908
01:09:50,099 --> 01:09:51,099
Sorry.

1909
01:09:51,099 --> 01:09:52,099
It's cost versus benefit.

1910
01:09:52,099 --> 01:09:53,099
Right.

1911
01:09:53,099 --> 01:09:54,099
Is the same as like what?

1912
01:09:54,099 --> 01:09:55,099
Sure.

1913
01:09:55,099 --> 01:09:56,099
Exactly.

1914
01:09:56,099 --> 01:09:59,099
The interesting thing about that explanation is it's not specific to Bitcoin though.

1915
01:09:59,099 --> 01:10:01,099
It just says that Twitter is just taking over everyone's brain.

1916
01:10:01,099 --> 01:10:02,099
Right.

1917
01:10:02,099 --> 01:10:03,099
So why is it to Bitcoin?

1918
01:10:03,099 --> 01:10:04,099
Well,

1919
01:10:04,099 --> 01:10:05,099
I don't know.

1920
01:10:05,099 --> 01:10:06,099
I think there,

1921
01:10:06,099 --> 01:10:07,099
there just is something to this format.

1922
01:10:07,099 --> 01:10:08,099
You know what?

1923
01:10:08,099 --> 01:10:12,099
It could very well be that at the right point when they started like really going

1924
01:10:12,099 --> 01:10:13,099
up,

1925
01:10:13,099 --> 01:10:14,099
someone made,

1926
01:10:14,099 --> 01:10:15,099
uh,

1927
01:10:15,099 --> 01:10:18,099
someone made noise around Bitcoin and it just got into it.

1928
01:10:18,099 --> 01:10:19,099
I think,

1929
01:10:19,099 --> 01:10:20,099
I don't know.

1930
01:10:20,099 --> 01:10:21,099
Yeah.

1931
01:10:21,099 --> 01:10:22,099
I don't know either.

1932
01:10:22,099 --> 01:10:23,099
Maybe like,

1933
01:10:23,099 --> 01:10:24,099
it's an interesting question.

1934
01:10:24,099 --> 01:10:26,099
If I have to,

1935
01:10:26,099 --> 01:10:27,099
I'll tell you why.

1936
01:10:27,099 --> 01:10:29,099
It's one reason because I,

1937
01:10:29,099 --> 01:10:32,099
when Reddit started being a bit too shit posty,

1938
01:10:32,099 --> 01:10:33,099
right.

1939
01:10:33,099 --> 01:10:34,099
Yes.

1940
01:10:34,099 --> 01:10:36,099
It was the only platform that allows you to be anonymous.

1941
01:10:36,099 --> 01:10:39,099
And that was a big thing because people didn't want to use their ID.

1942
01:10:39,099 --> 01:10:41,099
Reddit was good because he has the same thing.

1943
01:10:41,099 --> 01:10:42,099
You could create IDs.

1944
01:10:42,099 --> 01:10:44,099
And that was the whole thing with Twitter.

1945
01:10:44,099 --> 01:10:45,099
And I think that's when,

1946
01:10:45,099 --> 01:10:46,099
that was a very important thing,

1947
01:10:46,099 --> 01:10:49,099
like around when SegWit happened and everyone started moving to Twitter,

1948
01:10:49,099 --> 01:10:50,099
Twitter,

1949
01:10:50,099 --> 01:10:52,099
then it was just network from then.

1950
01:10:52,099 --> 01:10:54,099
I don't know if that's the only one,

1951
01:10:54,099 --> 01:10:55,099
but I'm sure that's a.

1952
01:10:55,099 --> 01:10:56,099
Yeah.

1953
01:10:56,099 --> 01:10:57,099
Could be.

1954
01:10:57,099 --> 01:10:58,099
I mean,

1955
01:10:58,099 --> 01:10:59,099
I wonder like why,

1956
01:10:59,099 --> 01:11:05,099
given how it's clear Twitter is clearly like not rational and sort of,

1957
01:11:06,099 --> 01:11:07,099
efficient way of computing,

1958
01:11:07,099 --> 01:11:09,099
like the best idea.

1959
01:11:09,099 --> 01:11:10,099
Sure.

1960
01:11:10,099 --> 01:11:11,099
You would agree on that.

1961
01:11:11,099 --> 01:11:16,099
The ideas are that do that spread are just good at spreading.

1962
01:11:16,099 --> 01:11:19,099
And they're not necessarily the ones with the highest merit.

1963
01:11:19,099 --> 01:11:21,099
So given how irrational it is,

1964
01:11:21,099 --> 01:11:26,099
it's weird that it would have such an influence on the Bitcoin protocol.

1965
01:11:26,099 --> 01:11:27,099
Ultimately.

1966
01:11:27,099 --> 01:11:28,099
I mean,

1967
01:11:28,099 --> 01:11:30,099
to the limited extent that it does,

1968
01:11:30,099 --> 01:11:31,099
but it does have some,

1969
01:11:31,099 --> 01:11:33,099
but at the end of the day,

1970
01:11:33,099 --> 01:11:34,099
it's again,

1971
01:11:34,099 --> 01:11:35,099
it boils back to what you said.

1972
01:11:35,099 --> 01:11:36,099
At the end of the day,

1973
01:11:36,099 --> 01:11:37,099
there's like this,

1974
01:11:37,099 --> 01:11:40,099
there's this thing that where there are a lot of people,

1975
01:11:40,099 --> 01:11:41,099
where your tribe is to some degree,

1976
01:11:41,099 --> 01:11:42,099
right?

1977
01:11:42,099 --> 01:11:43,099
Yes.

1978
01:11:43,099 --> 01:11:44,099
And,

1979
01:11:44,099 --> 01:11:45,099
and you,

1980
01:11:45,099 --> 01:11:46,099
as much as you want to be here,

1981
01:11:46,099 --> 01:11:47,099
you're going to bump into this from time to time.

1982
01:11:47,099 --> 01:11:48,099
But you want the tribe to do well.

1983
01:11:48,099 --> 01:11:49,099
You won't,

1984
01:11:49,099 --> 01:11:50,099
you won't go so far.

1985
01:11:50,099 --> 01:11:51,099
Like you want to show,

1986
01:11:51,099 --> 01:11:53,099
show loyalty to your friends,

1987
01:11:53,099 --> 01:11:54,099
like with the voting,

1988
01:11:54,099 --> 01:11:55,099
like I was saying before,

1989
01:11:55,099 --> 01:11:59,099
but you won't do something that's so crazy that,

1990
01:11:59,099 --> 01:12:00,099
you know,

1991
01:12:00,099 --> 01:12:02,099
costs you your life or your entire net worth or something.

1992
01:12:02,099 --> 01:12:03,099
You,

1993
01:12:03,099 --> 01:12:04,099
what if it becomes too expensive?

1994
01:12:04,099 --> 01:12:05,099
You just won't like,

1995
01:12:05,099 --> 01:12:06,099
what if all your friends,

1996
01:12:06,099 --> 01:12:12,099
let's say all your friends are going outside and it's cold and they are,

1997
01:12:12,099 --> 01:12:13,099
they're,

1998
01:12:13,099 --> 01:12:14,099
they don't like to wear coats.

1999
01:12:14,099 --> 01:12:15,099
They like to wear,

2000
01:12:15,099 --> 01:12:16,099
it's like this,

2001
01:12:16,099 --> 01:12:17,099
you know,

2002
01:12:17,099 --> 01:12:19,099
they like to wear T-shirt and shorts,

2003
01:12:19,099 --> 01:12:21,099
even though it's freezing outside,

2004
01:12:21,099 --> 01:12:22,099
for example,

2005
01:12:22,099 --> 01:12:24,099
and you,

2006
01:12:24,099 --> 01:12:27,099
and you play along with it for a while,

2007
01:12:27,099 --> 01:12:30,099
but the temperature just gets so low.

2008
01:12:30,099 --> 01:12:33,099
It's like 20 degrees Fahrenheit.

2009
01:12:33,099 --> 01:12:34,099
And,

2010
01:12:34,099 --> 01:12:39,099
and then you get diagnosed with a medical condition where you'll die if,

2011
01:12:39,099 --> 01:12:40,099
you know,

2012
01:12:40,099 --> 01:12:41,099
you can't,

2013
01:12:41,099 --> 01:12:44,099
can't be out in the cold or you're susceptible to flu.

2014
01:12:44,099 --> 01:12:45,099
Eventually you just,

2015
01:12:45,099 --> 01:12:46,099
you can't do it.

2016
01:12:46,099 --> 01:12:47,099
You can't,

2017
01:12:47,099 --> 01:12:48,099
it costs so much.

2018
01:12:48,099 --> 01:12:49,099
And that's what I'm saying.

2019
01:12:49,099 --> 01:12:50,099
Like Twitter,

2020
01:12:50,099 --> 01:12:52,099
it has a cost because it isn't,

2021
01:12:52,099 --> 01:12:53,099
it's so unreasonable.

2022
01:12:53,099 --> 01:12:54,099
I agree with you,

2023
01:12:54,099 --> 01:12:55,099
but the most,

2024
01:12:55,099 --> 01:12:57,099
I don't know why people don't,

2025
01:12:57,099 --> 01:12:59,099
why isn't there like a way around it?

2026
01:12:59,099 --> 01:13:00,099
Well,

2027
01:13:00,099 --> 01:13:01,099
because first of all,

2028
01:13:01,099 --> 01:13:02,099
there's a lot of biases,

2029
01:13:02,099 --> 01:13:05,099
a lot of like cognitive type biases.

2030
01:13:05,099 --> 01:13:07,099
I'm sure there are multiple types of cognitive biases,

2031
01:13:07,099 --> 01:13:08,099
anyway,

2032
01:13:08,099 --> 01:13:09,099
or some form of like,

2033
01:13:09,099 --> 01:13:10,099
like,

2034
01:13:10,099 --> 01:13:11,099
like that.

2035
01:13:11,099 --> 01:13:14,099
And then there's the fact that it feels good to be cheered by people.

2036
01:13:14,099 --> 01:13:15,099
Come on,

2037
01:13:15,099 --> 01:13:16,099
you know this.

2038
01:13:16,099 --> 01:13:17,099
I do,

2039
01:13:17,099 --> 01:13:18,099
but I don't know why.

2040
01:13:18,099 --> 01:13:20,099
I understand why people like Twitter.

2041
01:13:20,099 --> 01:13:27,099
I just don't understand why Twitter has so seemingly has influence over Bitcoin.

2042
01:13:27,099 --> 01:13:32,099
It's very simple because there's too many people there and you bump into it.

2043
01:13:32,099 --> 01:13:38,099
And there's just some form of emotional arbitrage between rational world type
thinking people.

2044
01:13:38,099 --> 01:13:41,099
And then irrational Twitter here is just emotional arbitrage.

2045
01:13:41,099 --> 01:13:43,099
And it's just because this is so big,

2046
01:13:43,099 --> 01:13:45,099
you're going to bump into it at some point.

2047
01:13:45,099 --> 01:13:46,099
There's going to be someone,

2048
01:13:46,099 --> 01:13:47,099
some guy,

2049
01:13:47,099 --> 01:13:48,099
some podcast to listen to.

2050
01:13:48,099 --> 01:13:51,099
There's some way your mind has to touch it.

2051
01:13:51,099 --> 01:13:52,099
Right.

2052
01:13:52,099 --> 01:13:53,099
And you will get it.

2053
01:13:53,099 --> 01:13:54,099
I'm just trying to say like,

2054
01:13:54,099 --> 01:13:55,099
okay,

2055
01:13:55,099 --> 01:13:56,099
the CEO of,

2056
01:13:56,099 --> 01:13:57,099
I don't know,

2057
01:13:57,099 --> 01:13:58,099
Anycom,

2058
01:13:58,099 --> 01:14:00,099
General Electric in the United States,

2059
01:14:00,099 --> 01:14:01,099
you know,

2060
01:14:01,099 --> 01:14:03,099
Twitter affects them,

2061
01:14:03,099 --> 01:14:07,099
but it doesn't really affect like the CEO's decisions.

2062
01:14:07,099 --> 01:14:08,099
You know,

2063
01:14:08,099 --> 01:14:09,099
I don't think so.

2064
01:14:09,099 --> 01:14:10,099
Oh,

2065
01:14:10,099 --> 01:14:11,099
you know what?

2066
01:14:11,099 --> 01:14:12,099
Here's the thing right now.

2067
01:14:12,099 --> 01:14:13,099
You are right.

2068
01:14:13,099 --> 01:14:14,099
Bitcoin,

2069
01:14:14,099 --> 01:14:18,099
I think it got the block size increased in by the UASF in 2017.

2070
01:14:18,099 --> 01:14:19,099
I,

2071
01:14:19,099 --> 01:14:20,099
again,

2072
01:14:20,099 --> 01:14:21,099
that I don't think that was Twitter.

2073
01:14:21,099 --> 01:14:23,099
I think that was Reddit more than anything else.

2074
01:14:23,099 --> 01:14:24,099
But,

2075
01:14:24,099 --> 01:14:29,099
but a good example of this was that there are a lot of CEOs who do take

2076
01:14:29,099 --> 01:14:30,099
actions for true.

2077
01:14:30,099 --> 01:14:31,099
Oh,

2078
01:14:31,099 --> 01:14:32,099
by the way,

2079
01:14:32,099 --> 01:14:33,099
you know what?

2080
01:14:33,099 --> 01:14:35,099
I made this video at one point that I was saying that when you make a

2081
01:14:35,099 --> 01:14:36,099
product,

2082
01:14:36,099 --> 01:14:37,099
that's not,

2083
01:14:37,099 --> 01:14:39,099
it's supposed to get priced in monetary value.

2084
01:14:39,099 --> 01:14:40,099
Like if you do a good job,

2085
01:14:40,099 --> 01:14:41,099
you should get Bitcoin.

2086
01:14:41,099 --> 01:14:42,099
Right.

2087
01:14:42,099 --> 01:14:44,099
And this goes back to this conversation of like companies and whatever,

2088
01:14:44,099 --> 01:14:46,099
but the projects in Bitcoin right now,

2089
01:14:46,099 --> 01:14:47,099
they're getting priced in likes,

2090
01:14:47,099 --> 01:14:48,099
retweets and GitHub commits.

2091
01:14:48,099 --> 01:14:49,099
Right.

2092
01:14:49,099 --> 01:14:51,099
Which is a very stupid thing to do.

2093
01:14:51,099 --> 01:14:52,099
Yeah.

2094
01:14:52,099 --> 01:14:55,099
I think you may be right about that because it's so irrelevant and like

2095
01:14:55,099 --> 01:14:58,099
nothing can be changed and there's no way of making a profit.

2096
01:14:59,395 --> 01:15:06,395
Um, the best thing to do is just hold Bitcoin and all the other projects are.

2097
01:15:06,395 --> 01:15:10,395
I'm not saying that, I'm not going that far. I'm just trying to say like, there's
some projects who need to make money.

2098
01:15:10,395 --> 01:15:23,395
Well, I think there's, there's an extent to which that's true and which it's like,
this is like everything that's not Bitcoin is a scam to the extent that the return
on investment in Bitcoin for the effort, you know, which is zero, basically.

2099
01:15:23,395 --> 01:15:33,395
I mean, you have to do the upfront research, but think about like what company can
you produce an ROI from operations that has anything close to Bitcoin.

2100
01:15:33,395 --> 01:15:43,395
So really there is a kind of some, yeah, I know that exchanges are the exception, of
course, that's true. But other than that, the exchange is notwithstanding.

2101
01:15:43,395 --> 01:15:57,395
Um, it's like, there is nothing you would want to start that could, you know, that
could compete with this. And so it would be, there are every other idea is sort of
a, almost a dishonest idea.

2102
01:15:58,395 --> 01:16:00,395
But anyway, you were saying something else.

2103
01:16:00,395 --> 01:16:14,395
Yeah, no, that's kind of like tangent to my point. My point is that actually people
would want to make money and they would want to do this, but they end up caring more
about this ideology about like people liking them and sounding maximalist and
getting retweets rather than making money.

2104
01:16:14,395 --> 01:16:22,395
Because you're not having these companies who are loved by some Bitcoiners on
Twitter, whatever that means, right? But their customers are not Bitcoiners.

2105
01:16:22,395 --> 01:16:32,395
They're building like products for normal people, but they don't, people never heard
about them. Right. And you have these products who are just liked by everyone and
get called at conferences and whatever, but no one is actually using their products.
Right.

2106
01:16:32,395 --> 01:16:42,395
And I have a good example of this fucking HadoHado. Like that's the, I don't want to
put them down. They're nice people. They're doing a lot of good work. The product is
shit though. No one is fucking using it.

2107
01:16:42,395 --> 01:16:53,395
And in the meanwhile, they just think it's fine with them for being cypherpunks.
Right. That's what I mean. Like if you're getting priced, ingesting likes, retweets,
and GitHub commits, that's not necessarily good if you're in business.

2108
01:16:53,395 --> 01:16:58,395
Right. That's what I'm saying though. It's like, why is it that people go along with
this irrational world?

2109
01:16:58,395 --> 01:17:00,395
Because they're stupid. People are humans.

2110
01:17:00,395 --> 01:17:02,395
Yeah, I get, well.

2111
01:17:02,395 --> 01:17:04,395
It's so simple, isn't it?

2112
01:17:04,395 --> 01:17:09,395
Well, you can explain an awful lot that way. That's the problem is you can explain
everything that way. And so it's...

2113
01:17:10,395 --> 01:17:11,395
But the thing is like this is...

2114
01:17:11,395 --> 01:17:16,395
So you just say, oh, anything I don't like in the world, it must just be other
people's fault and not mine.

2115
01:17:16,395 --> 01:17:18,395
You know what I...

2116
01:17:18,395 --> 01:17:20,395
It's just because they're really stupid.

2117
01:17:20,395 --> 01:17:34,395
You know what I think, there are a few moments in my life where I consider myself
being really smart. And I said this before, but anyway. And it's not because I have
some weird insight. I get some weird moments of clarity and there are many moments
of clarity. Right.

2118
01:17:35,395 --> 01:17:42,395
And I think people don't get these moments of clarity anymore on Bitcoin because
they're just so caught up into this whole fucking thing and whatever.

2119
01:17:42,395 --> 01:17:53,395
And they hear this narrative so many times and fuck the banks, fuck those people.
No, cypherpunks, we fight for it. We fight for Bitcoin. And it's really that simple.
They get stuck into this weird world.

2120
01:17:53,395 --> 01:17:56,395
Well, I think that's true. Yeah, I think, no, I think culture is...

2121
01:17:56,395 --> 01:18:00,395
My view of culture is very different from most people's.

2122
01:18:01,395 --> 01:18:10,395
So I guess I should maybe explain a little of it. But I think, first of all, I take
the definition of culture that it's ideas that group of people have that cause them
to behave similarly.

2123
01:18:10,395 --> 01:18:17,395
So that's, it's just a group of people that have ideas and those ideas cause them to
behave similarly.

2124
01:18:17,395 --> 01:18:32,395
It's a pretty simple definition. If you go to a stadium, you cheer. If you go to a
rock concert, you cheer, you clap. If you go to an orchestra concert, you are quiet
and then you clap at the end.

2125
01:18:32,395 --> 01:18:42,395
You know, like there's different things you're supposed to do. When you're in
church, you kneel or whatever, chant, say various lines at certain times.

2126
01:18:42,395 --> 01:18:54,395
So, but my view of culture is that it's kind of a parasite that is just trying to
destroy humanity and that we've been fighting it off ever since we, ever since our
species evolved.

2127
01:18:54,395 --> 01:19:08,395
And that it is, it's, I think most culture is like, if not all culture is a lot like
COVID or like the flu or something where these ideas are just spreading and
attacking people.

2128
01:19:09,395 --> 01:19:21,395
And so, yeah, it's weird for me when people say, oh, we should preserve this
culture. I mean, like, like, like all kinds of people say that like racist white
nationalist people will say they'll use lines like that.

2129
01:19:21,395 --> 01:19:31,395
But so will people who want to like preserve the whatever Native American culture.
Like I think all culture should not be preserved. It should be destroyed as quickly
as possible.

2130
01:19:31,395 --> 01:19:43,395
But the culture is in your brain and it's, it's, it's eating you away and making you
think that it's really, really, really, really important to you that you do all
these things that are not important.

2131
01:19:43,395 --> 01:19:51,395
Like have a Christmas tree or something. You can do all this stuff if you want. I
love Halloween. It's my favorite holiday. I think it's fun. I love activities.

2132
01:19:51,395 --> 01:20:08,395
You know, I think stuff is fun. But, you know, there's the culture creates this
obsession that it is important. And really, it's not important. You are the
important thing. And you should evict these thoughts from your brain if they are not
helping you.

2133
01:20:08,395 --> 01:20:15,395
And I think that so I have this weird view. It's totally this weird screwball view
that most people don't have at all.

2134
01:20:15,395 --> 01:20:20,395
Most people think that it's so important that when they hear the national anthem,
they're just filled with joy.

2135
01:20:20,395 --> 01:20:31,395
You're missing one key point thing here. I agree with what you're saying. But
there's one thing you're missing here. And that thing is that for most of human
existence, culture couldn't get updated so fast.

2136
01:20:31,395 --> 01:20:33,395
So I agree with you.

2137
01:20:33,395 --> 01:20:36,395
So culture was beneficial.

2138
01:20:37,395 --> 01:20:49,395
No, it was because culture is the only real way to store information, like how to
build a fire or how to make. But people were just doing it ritualistically. They had
no idea what they were doing.

2139
01:20:49,395 --> 01:20:57,395
But the thing is, it doesn't matter. It doesn't matter because it serves purpose.
But now the point is like we're at this shilling point. Everyone says that, right?

2140
01:20:58,395 --> 01:21:14,395
We have passed escaped velocity. And we don't need to just repeat what your parents
did. And you don't need to just be a better version of what your parents were, or
whatever, or a better version of what your favorite childhood hero was.

2141
01:21:14,395 --> 01:21:23,395
You can be your own different thing if you want. You can be anything because you're
human and that's your birthright. And you don't have to deal with these weird ideas
that are coming from other people.

2142
01:21:24,395 --> 01:21:30,395
They are just repeating because they heard them from someone else because these
ideas are specialized to do that, just like COVID.

2143
01:21:30,395 --> 01:21:37,395
You know what my take is on life actually? And I'm going to get a bit more mystical.

2144
01:21:37,395 --> 01:21:46,395
But you know what, like one day you just wake up, right? Like you're one year old,
two years old, it happened at a different time. And you suddenly realize that you
exist. And it's kind of a weird thing.

2145
01:21:47,395 --> 01:22:01,395
It's happened all of a sudden, but it's not like really precise. And it's just, you
know, I'm sure everyone relates to this when you're a kid. And if you remember
anyway, and you'd realize you're alive, you realize that you're experiencing and you
start going around and clap on things and go whatever.

2146
01:22:01,395 --> 01:22:13,395
And you go crazy, right? And you go to your parents most probably. And you kind of
go like, I'm alive. I'm alive. And everyone says like, do you see how crazy this is?
And your parents are like, yeah, sure.

2147
01:22:13,395 --> 01:22:16,395
Yeah, it's kind of cool. It's a miracle of life, whatever.

2148
01:22:16,395 --> 01:22:27,395
Yeah. And it's like, don't you get it? Like how crazy it is? Like, yeah, you're
gonna walk, you're gonna run over. And then you go on and explore, you start making
sounds like, oh, you know, you start punching things.

2149
01:22:28,395 --> 01:22:44,395
You go on and then after a certain point, you go back, then you revisit the thought
and you're like, okay, but what is this life about, though? Like, really, what is
life about? They're gonna say, you have to get a job, you have to get a wife, you
have to like, you know, save money, go on vacations, work hard, keep your head down.

2150
01:22:44,395 --> 01:23:00,395
And, you know, it doesn't take, you don't have to be a rocket scientist to realize
how stupid it sounds. You just have to have this weird moment of clarity and not
have a tainted view on or to have this culture inflicted on you to understand that's
the most dumbest thing someone could ever tell you, right?

2151
01:23:00,395 --> 01:23:09,395
Yeah, well, it's like, you know, there's nothing necessarily dumb about any of those
things, right? It's just that you don't have to do any of that. You could do some
other thing if you wanted.

2152
01:23:10,395 --> 01:23:16,395
But then again, you go to them and you say, like, how do you guys know this is what
life is about? Because it doesn't make sense.

2153
01:23:16,395 --> 01:23:28,395
Right, they heard it from someone else. They're just repeating it. They're going to
tell you and then they're going to tell you in a way, in precisely a way that will
cause you to tell your own children.

2154
01:23:28,395 --> 01:23:29,395
Are you familiar?

2155
01:23:29,395 --> 01:23:31,395
It's like COVID.

2156
01:23:31,395 --> 01:23:45,395
And are you familiar with there's this experiment of the monkeys, which actually
never took place, by the way. That's an anecdote. But there's the experiment of the
monkey who gets electrocuted every time they go for the banana and they change the
monkey. That never took place.

2157
01:23:45,395 --> 01:23:52,395
But it electrocutes the whole cage and then they start telling the other monkeys not
to do it, even though none of the original monkeys were there for the thing.

2158
01:23:53,395 --> 01:24:01,395
It's an anecdote. The experiment never took place. I looked at it. And there's some
people who talk about it. But even though it didn't take place, I think it is real.

2159
01:24:01,395 --> 01:24:03,395
It doesn't matter. Yeah, you're right. It's clearly real.

2160
01:24:03,395 --> 01:24:15,395
The meme is real. And I think that's what life is. Life is just a big failed monkey
experiment. And culture, as you define it, is just this bad habit that gets passed
down for no reason anymore. Yeah.

2161
01:24:16,395 --> 01:24:37,395
Right, in general. I mean, it's possible for there to be, because culture contains
all these rules and this knowledge from the past, some of which must be reliable,
but not any of it could be unreliable. So you could be free to destroy any of it
that you don't like.

2162
01:24:38,395 --> 01:24:50,395
It's funny because a lot of things like Christmas trees, I don't remember how new
that is, but I think that's only like 200 years old or 100 years old or something
super new. These things that people think are like they could never live without.

2163
01:24:51,395 --> 01:25:12,395
And that, you know, it's like so important. The United States after World War II, I
think the United States only had 48 states, but people think that 50 stars on the
American flag is like the most important thing in the universe. And if you ever put
52 stars or some other number, that would be the end of the world.

2164
01:25:13,395 --> 01:25:27,395
They have no idea that their own grandparents and parents lived when there were only
48 U.S. states. And then one crazy one is the Eiffel Tower. When it was built,
everyone like hated it.

2165
01:25:27,395 --> 01:25:47,395
And there was one, like some important like architecture professor or something ate
in the Eiffel Tower cafe. He ate lunch every single day because it was, quote, the
only place in the entire city from which the tower was not visible.

2166
01:25:47,395 --> 01:26:16,395
So he hated it so much that he didn't want to look at it. But then, you know, over
time, then it's like becomes this beloved thing. So all these things that you think
are important, none of them are important. You should just forget about them. And
that's not to say that they, if you like them, if you like them, then they're
important to you. That's good. I'm all for that. I'm just saying like, you know,
stop caring so much about all these things.

2167
01:26:16,395 --> 01:26:31,395
You know what I think is the biggest problem that people face in life and whatever
is like, if you find meaning in juggling, that's fine. As long as you got to that
conclusion, as long as it was your idea to juggle, right? The problem is when
someone else tells you that you're supposed to juggle.

2168
01:26:31,395 --> 01:27:00,395
I think it's, it's, it's not necessarily bad, but it's suspicious. You say like,
okay, you have to think like, because you don't know, this is the problem, because
your brain doesn't, you know, it doesn't work reliably. But you have, there is a
rational part of your brain. So you have to think like, do I actually like this? And
if you decide that you actually do like it, then that was just good luck. You picked
on something good, the culture had something good and it crashed into your brain and
you got it for free.

2169
01:27:01,395 --> 01:27:17,395
That's possible, but it is suspicious when you get it from someone else, because
it's like COVID. It's like your body is now mass producing. It's liquefying lung
tissue and turning it into COVID. Millions and hundreds of millions of COVID cells.

2170
01:27:17,395 --> 01:27:44,395
And you're like, and you're like, is this what I want to be doing? Is it my best
interest to eat food, have it turn into lung cells that then get dissolved and turn
into COVID cells that I breathe out? Well, you know, who's to say like your, your
gut, your, your gastrointestinal tract has all kinds of bacteria that help you
digest food, or that are harmless.

2171
01:27:45,395 --> 01:27:48,395
So you took in those, and that is in your best interest, or...

2172
01:27:48,395 --> 01:27:52,395
I don't feel comfortable talking about COVID because we're going to get Donna off
YouTube.

2173
01:27:52,395 --> 01:27:59,395
We're going to get, yeah, we're going to get YouTube. It's going to say this is
whatever is not, this information is unreliable.

2174
01:27:59,395 --> 01:28:02,395
I'm okay talking about drugs, about heroin, about everything you want.

2175
01:28:02,395 --> 01:28:04,395
I know, I should have just said, I could have just said the influenza.

2176
01:28:04,395 --> 01:28:07,395
Yeah, because people like, people really get just...

2177
01:28:07,395 --> 01:28:12,395
Just bleep it out, go through and edit it out. And then when people get to this
point, they'll be like, what?

2178
01:28:13,395 --> 01:28:18,395
Well, if people get to this point, that's like a really crazy thing, because we're
going on for quite a while.

2179
01:28:18,395 --> 01:28:22,395
Well, what is it? It's two hours and a half, isn't it?

2180
01:28:22,395 --> 01:28:26,395
Did we talk about anything related to Bitcoin? I guess we did.

2181
01:28:26,395 --> 01:28:30,395
We talked about the important thing that, of which is this, which is the Bitcoin
culture.

2182
01:28:30,395 --> 01:28:32,395
Don't worry about it, don't worry about it.

2183
01:28:32,395 --> 01:28:36,395
Don't worry about it. We clearly got in the far whatever.

2184
01:28:37,395 --> 01:28:39,395
Let's just take a look.

2185
01:28:39,395 --> 01:28:42,395
I'm completely unconcerned. I'm not worried about anything.

2186
01:28:42,395 --> 01:28:44,395
Okay, good. We clarified that.

2187
01:28:46,395 --> 01:28:49,395
So you added a lot of Bitcoin cash topics.

2188
01:28:49,395 --> 01:28:53,395
No, I just added two, but I added a lot of other things.

2189
01:28:53,395 --> 01:29:00,395
Yeah. And I just, as you're putting this, I'm like, you put it here, I want to look
at it because I don't want to feel like...

2190
01:29:00,395 --> 01:29:02,395
Because you didn't read the notes until this moment.

2191
01:29:03,395 --> 01:29:04,395
I mean, should we talk about it?

2192
01:29:04,395 --> 01:29:16,395
So one of the ones that I think you'd like is that the Bitcoin cash airdrop or the
split between with Armory leaving.

2193
01:29:16,395 --> 01:29:27,395
One thing is that you have to retrace, which I thought you would like, is that they
have to say all the things that BTC was telling them back when they split off.

2194
01:29:28,395 --> 01:29:30,395
Yeah, I mean...

2195
01:29:30,395 --> 01:29:35,395
It's an irony that people may appreciate. So why are you so uninterested in it?

2196
01:29:35,395 --> 01:29:46,395
Like for me, I see the fact that the forks are so uncompetitive and bad and so weak
as a kind of...

2197
01:29:47,395 --> 01:30:00,395
Well, it's very complicated, but one thing that concerns me is that it means the
culture and Bitcoin core is not challenged by a rational adversary.

2198
01:30:00,395 --> 01:30:09,395
So it can continue to be more frivolous and absurd. So that is why it interests me.
But you seem totally uninterested in it completely.

2199
01:30:09,395 --> 01:30:15,395
First of all, I do also like... So many times I think like no one dares to criticize
core in any way.

2200
01:30:15,395 --> 01:30:18,395
They're like the divine gods and we should like either come out or something like
that.

2201
01:30:18,395 --> 01:30:22,395
If you're a contributor, again, whatever the fuck that means, anyone can be a
contributor, right?

2202
01:30:22,395 --> 01:30:26,395
I mean, it's not that hard, right? But I do think there's some...

2203
01:30:26,395 --> 01:30:31,395
Because if you are out there and you want to contribute some comments to Bitcoin
core, there's this part of the elitism.

2204
01:30:31,395 --> 01:30:35,395
No one writes any comments to the core. There's no comments. It's horrible.

2205
01:30:35,395 --> 01:30:37,395
Come on, you're just...

2206
01:30:37,395 --> 01:30:42,395
I think some people should write, if you want, just go in there and write comments.

2207
01:30:42,395 --> 01:30:46,395
And just then you can become a core dev just writing the comments.

2208
01:30:46,395 --> 01:30:51,395
And if they refuse to merge your code, contact me and tell me about it.

2209
01:30:51,395 --> 01:30:57,395
And I will try to like literally like raise some kind of Armageddon about how...

2210
01:30:57,395 --> 01:31:02,395
Because I do think that lack of transparency is disappointing for these core...

2211
01:31:03,395 --> 01:31:05,395
People are like, not your keys, not your coins.

2212
01:31:05,395 --> 01:31:15,395
And then it's like, oh, you need a PhD in computer science to build Bitcoin core
from source and to understand what's going on and whatever.

2213
01:31:15,395 --> 01:31:18,395
I'm sorry, what is the criticism exactly? Because that's a complex thing.

2214
01:31:18,395 --> 01:31:21,395
I want the user to be empowered.

2215
01:31:21,395 --> 01:31:26,395
I want them to know to the maximum extent possible what is going on.

2216
01:31:26,395 --> 01:31:32,395
You know very well that one thing that software developers do is they just make a
lot of frivolous changes.

2217
01:31:32,395 --> 01:31:35,395
So that in their brain, they know, but no one else knows.

2218
01:31:35,395 --> 01:31:37,395
So they have job security.

2219
01:31:37,395 --> 01:31:40,395
They won't stand for that kind of nonsense.

2220
01:31:40,395 --> 01:31:42,395
But come on, that's a complex project, man.

2221
01:31:42,395 --> 01:31:44,395
And it's hard to keep up with all those things.

2222
01:31:44,395 --> 01:31:46,395
I'm just saying write some comments.

2223
01:31:46,395 --> 01:31:49,395
Just saying, put some fucking comments into the code.

2224
01:31:51,395 --> 01:31:54,395
Read through it and see if you find one comment.

2225
01:31:55,395 --> 01:31:56,395
I never looked.

2226
01:31:56,395 --> 01:31:57,395
I never looked.

2227
01:31:57,395 --> 01:31:58,395
I looked at very few instances.

2228
01:31:58,395 --> 01:32:00,395
See, he's criticizing me.

2229
01:32:00,395 --> 01:32:01,395
Now audience.

2230
01:32:01,395 --> 01:32:02,395
You see what I have to deal with?

2231
01:32:02,395 --> 01:32:04,395
Now audience.

2232
01:32:04,395 --> 01:32:06,395
You're so interesting.

2233
01:32:06,395 --> 01:32:08,395
Now audience.

2234
01:32:08,395 --> 01:32:09,395
Here it is, audience.

2235
01:32:09,395 --> 01:32:11,395
Joke's on me because no one is watching this.

2236
01:32:11,395 --> 01:32:12,395
This is terrible.

2237
01:32:12,395 --> 01:32:13,395
Dude, listen.

2238
01:32:13,395 --> 01:32:14,395
Who cares?

2239
01:32:14,395 --> 01:32:15,395
This is so boring.

2240
01:32:15,395 --> 01:32:16,395
I don't think it's boring.

2241
01:32:16,395 --> 01:32:21,395
The thing is that I did look like in very separate instances in codes and snippets
and they were commented.

2242
01:32:21,395 --> 01:32:23,395
I don't know what the fuck you're talking about.

2243
01:32:23,395 --> 01:32:24,395
There should be more comments.

2244
01:32:24,395 --> 01:32:25,395
Okay.

2245
01:32:25,395 --> 01:32:26,395
Okay, fair enough.

2246
01:32:26,395 --> 01:32:29,395
Just write more.

2247
01:32:29,395 --> 01:32:30,395
That's all I'm saying.

2248
01:32:30,395 --> 01:32:35,395
Okay, you were saying that it's bad that core infallibility.

2249
01:32:35,395 --> 01:32:38,395
Yeah, I don't remember what I want to say.

2250
01:32:38,395 --> 01:32:42,395
But there is like, Bitcoin is the one that's kind of challenging them.

2251
01:32:42,395 --> 01:32:46,395
But it's not like challenging them is just a different way of doing things.

2252
01:32:46,395 --> 01:32:48,395
And it's kind of a different thing, isn't it?

2253
01:32:49,395 --> 01:32:50,395
It's not really.

2254
01:32:50,395 --> 01:32:54,395
But it is, you know, a different thing you could use.

2255
01:32:54,395 --> 01:32:55,395
I guess.

2256
01:32:55,395 --> 01:32:56,395
Sure.

2257
01:32:56,395 --> 01:32:57,395
Yes.

2258
01:32:57,395 --> 01:32:59,395
Yeah, but you know very well that you really can't.

2259
01:32:59,395 --> 01:33:08,395
It's difficult to use different software because the nodes do not compete.

2260
01:33:08,395 --> 01:33:12,395
There's a risk that they will fall out of consensus with each other.

2261
01:33:12,395 --> 01:33:14,395
That risk is immense.

2262
01:33:15,395 --> 01:33:18,395
And the whole reason to run the node is so that you are in consensus.

2263
01:33:18,395 --> 01:33:22,395
So it's very difficult to just say.

2264
01:33:22,395 --> 01:33:26,395
But yeah, you could have different like, this is what I'm that's what I was trying
to say before.

2265
01:33:26,395 --> 01:33:32,395
You could have different GUIs on top of Bitcoin D.

2266
01:33:32,395 --> 01:33:33,395
And then it would.

2267
01:33:33,395 --> 01:33:39,395
Yeah, there was this goal at one point to try and get lib consensus.

2268
01:33:39,395 --> 01:33:45,395
There would just be the canonical blockchain validity rules.

2269
01:33:45,395 --> 01:33:51,395
And then everything else would be its own thing that people could improve at will.

2270
01:33:51,395 --> 01:33:53,395
That could have been nice.

2271
01:33:53,395 --> 01:33:58,395
Honestly, though, sometimes I wish we could go back to when Satoshi originally
released the software.

2272
01:33:58,395 --> 01:34:01,395
It was just like one giant block of code.

2273
01:34:01,395 --> 01:34:06,395
And I honestly, that has its appeal, you know.

2274
01:34:06,395 --> 01:34:11,395
It's a nightmare for a big project with a lot of people working on it, but it's
just.

2275
01:34:11,395 --> 01:34:12,395
Wow.

2276
01:34:12,395 --> 01:34:14,395
Just like having it all like in a line.

2277
01:34:14,395 --> 01:34:16,395
But that's because it was a kindergarten project.

2278
01:34:16,395 --> 01:34:17,395
And I know.

2279
01:34:17,395 --> 01:34:18,395
But I'm just saying it's nice.

2280
01:34:18,395 --> 01:34:19,395
It has.

2281
01:34:19,395 --> 01:34:23,395
I'm just saying it has pros and cons.

2282
01:34:23,395 --> 01:34:29,395
The tradeoff with decentralization, especially working on it, is that, again, you
have a lot of people and everything.

2283
01:34:29,395 --> 01:34:35,395
Yes, but this was about why you aren't interested in the forks, BCH and BSV.

2284
01:34:35,395 --> 01:34:36,395
You know what?

2285
01:34:36,395 --> 01:34:41,395
You know, like sometimes there are some kids who are, I don't want to say the R-word
because I think that's not OK.

2286
01:34:41,395 --> 01:34:45,395
But like they're mentally challenged or something, right?

2287
01:34:45,395 --> 01:34:47,395
Is that politically correct to say like that?

2288
01:34:47,395 --> 01:34:56,395
I don't know, because there's this kind of treadmill where every time one becomes
allowed, it eventually becomes stigmatized and offensive.

2289
01:34:56,395 --> 01:34:57,395
There are some kids.

2290
01:34:57,395 --> 01:35:03,395
But let's just say, I don't know, special needs is now the one I think maybe.

2291
01:35:03,395 --> 01:35:04,395
I'm not referring to special needs.

2292
01:35:04,395 --> 01:35:08,395
I'm saying like there are some kids who just like take shits on the street because
they can't.

2293
01:35:08,395 --> 01:35:10,395
They just do that right now.

2294
01:35:10,395 --> 01:35:11,395
I understand.

2295
01:35:11,395 --> 01:35:16,395
There's two ways I can make fun of that or I could look at it or I could just be
like that's something that happens, but doesn't have interest in it.

2296
01:35:16,395 --> 01:35:19,395
That's how I feel Bitcoin cashes.

2297
01:35:19,395 --> 01:35:22,395
I just can't find any reasons better than to do it.

2298
01:35:22,395 --> 01:35:28,395
It's just so cringeworthy that cringy that I just don't like I can't.

2299
01:35:28,395 --> 01:35:30,395
I don't think there's anything literally to look at there.

2300
01:35:30,395 --> 01:35:32,395
That's how I feel about it.

2301
01:35:32,395 --> 01:35:33,395
That's interesting.

2302
01:35:33,395 --> 01:35:34,395
I have a very different view of it.

2303
01:35:34,395 --> 01:35:41,395
I feel it as a I think it's I think it was a good idea to test the theory of large
blocks somehow.

2304
01:35:41,395 --> 01:35:53,395
But I think that BCH did a terrible job doing this because in addition to increasing
the block size, they threw in five or six thousand other commits and did all this
other stuff.

2305
01:35:54,395 --> 01:36:01,395
And then they did this and that, taking out SegWit, changing the addresses.

2306
01:36:01,395 --> 01:36:14,395
So they did quite a bit of stuff and they did this ridiculous launch where the
project started like in August secretly while SegWit2x was still a thing.

2307
01:36:15,395 --> 01:36:17,395
And then it sort of switched in November.

2308
01:36:17,395 --> 01:36:26,395
So I think it is a very convoluted, weak attempt to test the theory of large block
Bitcoin.

2309
01:36:26,395 --> 01:36:31,395
Not that the test would be definitive, but nothing is ever definitive, as I said
before.

2310
01:36:31,395 --> 01:36:33,395
I just think it would be nice to have more information.

2311
01:36:33,395 --> 01:36:37,395
But instead, they kind of messed up the test with all the stuff that they did.

2312
01:36:38,395 --> 01:36:42,395
And so that's kind of what I think about that.

2313
01:36:42,395 --> 01:36:50,395
And I think that it's silly for them to fork off and then complain when SV forks off
and then complain when Armory wants to fork.

2314
01:36:50,395 --> 01:36:52,395
And now they have all these forks.

2315
01:36:52,395 --> 01:36:59,395
And now the price in terms of BTC has fallen and fallen and fallen for years.

2316
01:36:59,395 --> 01:37:05,395
And as you saw, I've been tweeting out as it hits new all-time lows.

2317
01:37:05,395 --> 01:37:14,395
Every day, these last two months, it's just been like a new all-time low of just so
low.

2318
01:37:14,395 --> 01:37:18,395
But I'm fascinated by the idea of challenging.

2319
01:37:18,395 --> 01:37:28,395
I think that without competition, there won't be growth in BTC or it will be at a
very slow pace.

2320
01:37:28,395 --> 01:37:31,395
And I think that there has been very little growth in BTC.

2321
01:37:31,395 --> 01:37:36,395
I mean, over the last four or five years, there's been SegWit and Lightning Network.

2322
01:37:36,395 --> 01:37:40,395
And there have been all these other ideas, but most people just don't even know
about them.

2323
01:37:40,395 --> 01:37:53,395
There have been like, I mean, like who even knows about even sort of popular ideas
that were ordained at scaling Bitcoin like state chain, Rubin-Sampson's state
chains.

2324
01:37:54,395 --> 01:38:00,395
There's a commerce blog in London. I know Nick, the CEO, they're doing some
interesting work on that.

2325
01:38:00,395 --> 01:38:04,395
But I'm saying like, there's like, where's the Twitter?

2326
01:38:04,395 --> 01:38:07,395
Well, I think I can tell you, well, here's the thing.

2327
01:38:07,395 --> 01:38:09,395
That's the same thing, like Nick, especially.

2328
01:38:09,395 --> 01:38:14,395
He has also, I talk with him and he's also very critical of the culture and he
doesn't like it and whatever.

2329
01:38:14,395 --> 01:38:17,395
So Nick is exactly as in the same camp we are.

2330
01:38:17,395 --> 01:38:20,395
We should have him on the show.

2331
01:38:20,395 --> 01:38:22,395
Listen, he'll come.

2332
01:38:23,395 --> 01:38:24,395
We can talk about that.

2333
01:38:24,395 --> 01:38:26,395
Yeah. And he's an old timer, by the way.

2334
01:38:26,395 --> 01:38:32,395
Yeah. So that's why I think it's, I'm like a sleeping dog.

2335
01:38:32,395 --> 01:38:47,395
And then I raise my head when I see BCH BSV, because I think, could something zap
the cattle prod BTC and get it to compete on rational criteria instead of Twitter,
stupid Twitter criteria?

2336
01:38:47,395 --> 01:38:49,395
So that's kind of where I'm coming from.

2337
01:38:49,395 --> 01:38:50,395
No, I get it.

2338
01:38:50,395 --> 01:38:52,395
And I think like as a science experiment.

2339
01:38:52,395 --> 01:38:56,395
But unfortunately, I think, no, I think the cattle prod is like too weak.

2340
01:38:56,395 --> 01:38:59,395
No one's going to be challenged by this weird.

2341
01:38:59,395 --> 01:39:12,395
I think like there is some, I could see how someone could be interested in seeing
this at like a crazy science experiments and just see how things could play out and
having this other environment where the different rules, like a simulation.

2342
01:39:12,395 --> 01:39:21,395
But at the end of the day, I think you can kind of like disprove why this would
never work just from an architectural point of view.

2343
01:39:21,395 --> 01:39:25,395
And it's like there's some basic consequences and tradeoffs that no one wants to
agree with them.

2344
01:39:25,395 --> 01:39:28,395
And they're kind of feel they're fundamental to Bitcoin.

2345
01:39:28,395 --> 01:39:29,395
And that's why.

2346
01:39:29,395 --> 01:39:32,395
But is this just large blockism? Because I think that.

2347
01:39:32,395 --> 01:39:33,395
Yeah, I mean, it is.

2348
01:39:34,395 --> 01:39:41,395
It's well, to me, it's clear that you can have some people on the small block world
and some people on the large block world.

2349
01:39:41,395 --> 01:39:49,395
So for me, I don't think I think it's crazy to commit to large block world and force
everyone to go along when you can easily go the other way with layers.

2350
01:39:49,395 --> 01:39:59,395
But I think that I think that it's completely possible that you realize that people
are never going to agree with you on that one, because, first of all, they don't
believe in merge mining because they just hate that.

2351
01:39:59,395 --> 01:40:00,395
Right.

2352
01:40:00,715 --> 01:40:27,715
So for them, well, I don't know, I don't think they know anything about how many
people even know anything about regular merge mining, they know anything. They just
think that's an attack on Bitcoin. And that's where they leave it. So for them, it's
impossible to understand that you can have both. They think you can have one or the
other. Right. And if you have one. Yeah, but obviously, but they're simply they're
obviously just wrong about that. So in my head, I just ignore people. Right. Okay. I
just wanted to clarify that. Right. Because I don't think most people think that at
all, though. I have a lot of people who think that.

2353
01:40:27,715 --> 01:40:28,715
I hope I'm wrong. Basically, a million people don't know anything about merge
mining. No, people don't know anything about regular merge mining. Like when I went
around, I did research for this one thing. I think it was really only, it may have
only been, this is a long time ago, it's like 2015, 2016. I think it may have been
only Greg Maxwell who sent like a link to something that even had like a block
explorer that would show

2354
01:40:58,715 --> 01:41:12,715
the information or something like there was like no, I was like in Bitcoin Wizards
IRC chat. There was like no one. Basically, like I think that was and that was a
regular merge mining. Just a regular version.

2355
01:41:13,715 --> 01:41:15,715
There's another guy who recently put out a post.

2356
01:41:16,715 --> 01:41:26,715
So I think there must be like 50 people worldwide. But I'm just saying like, there's
not a lot. Most people are just totally mystified by it completely. They have no
idea how it works at all.

2357
01:41:27,715 --> 01:41:45,715
It's impossible that Namecoin at one point was absorbing hash rate from BTC and BCH
and it was sort of alternating. So it had a higher, there was a time when Namecoin
had the highest hash rate, followed by BTC and followed by BCH because Namecoin was
absorbing it from both chains.

2358
01:41:45,715 --> 01:42:05,715
And most people would have said like, that's impossible or something. Or they would
have said, clearly Namecoin is Bitcoin or whatever, you know, like would have been
this thing. So no one understands that's regular merge mining. And then this blind
merge mining is this thing that I invented. So I must be, I have to be cutting it
down yet again.

2359
01:42:06,715 --> 01:42:12,715
So when people say that they don't like something, I have to make sure they actually
know what they're talking about first before I care.

2360
01:42:13,715 --> 01:42:14,715
They don't, they clearly don't.

2361
01:42:15,715 --> 01:42:22,715
So they clearly have not a clue. So when they do say that one or two people are
worried about this or that, but I thought about it already.

2362
01:42:23,715 --> 01:42:27,715
I noticed that as I was going through the blog, I told you.

2363
01:42:28,715 --> 01:42:38,715
So that's what I'm saying is that I don't think, so why would you do large blocks
from my point of view? Because this is why I drink so much water because I lose my
voice.

2364
01:42:39,715 --> 01:42:40,715
Go on.

2365
01:42:41,715 --> 01:42:46,715
Because you could have both. So to me, I think why commit to large blocks? That's
crazy.

2366
01:42:47,715 --> 01:42:58,715
You lose all the small blocks for no reason. But I think it's, I can imagine in my
brain, Bitcoin being a success with an unlimited block size.

2367
01:42:59,715 --> 01:43:01,715
I don't think so. I just don't think so.

2368
01:43:01,715 --> 01:43:07,715
It's very different from the Bitcoin that we have and it has its own new set of
problems, but that are big problems.

2369
01:43:08,715 --> 01:43:11,715
But I can still kind of just imagine it happening. I just think it's possible.

2370
01:43:12,715 --> 01:43:18,715
You know how this feels to me and correct me if I'm wrong, but I feel like, you
know, imagine we could have simulations of our reality, right?

2371
01:43:19,715 --> 01:43:22,715
And like in the weekend morning, you have a simulation when people have butts
instead of faces.

2372
01:43:23,715 --> 01:43:24,715
Yes, right. Yeah.

2373
01:43:24,715 --> 01:43:29,715
I would want to see that, but at the end of the day, I doubt there's going to be
anything like really we can get for that.

2374
01:43:30,715 --> 01:43:34,715
Oh, it's just funny to see people farting out of their face or something, but I
doubt there's going to be something insightful.

2375
01:43:35,715 --> 01:43:39,715
I would want to have a simulation where people have two hands, three hands, or
that's a very bad example.

2376
01:43:40,715 --> 01:43:41,715
They would both be equally weird.

2377
01:43:41,715 --> 01:43:44,715
Well, I mean, so anyway, this isn't even really that important to what I was trying
to say.

2378
01:43:45,715 --> 01:43:46,715
Challenging core.

2379
01:43:47,715 --> 01:43:58,715
Because BCH doesn't even do that. You have to pay the cost of the hard fork, but
they only moved it to like eight megabytes the first time.

2380
01:43:59,715 --> 01:44:02,715
And you know, one eight, that's not a big deal.

2381
01:44:03,715 --> 01:44:07,715
Come on, that's an order of magnitude. What the fuck are you talking about? That's
one order of fucking magnitude.

2382
01:44:08,715 --> 01:44:13,715
I know, but that's not enough to like, you know, what their aspiration was cash for
the whole world.

2383
01:44:14,715 --> 01:44:18,715
Are you aware of how fast the blockchain grows year over year?

2384
01:44:19,715 --> 01:44:20,715
Yes. So then what do you mean?

2385
01:44:21,715 --> 01:44:22,715
There's a thousand blocks a week and there's...

2386
01:44:23,715 --> 01:44:27,715
No, I'm saying eight is not enough to make a difference as far as the benefit to the
user.

2387
01:44:28,715 --> 01:44:29,715
You were prejudiced.

2388
01:44:30,715 --> 01:44:31,715
Yes, I was.

2389
01:44:32,715 --> 01:44:33,715
And you thought I was saying the cost is low.

2390
01:44:34,715 --> 01:44:35,715
Yes, I was.

2391
01:44:35,715 --> 01:44:38,715
I was actually taking the BTC point. So you're no different than those people on
Twitter.

2392
01:44:39,715 --> 01:44:41,715
You're right, you caught me. You caught me.

2393
01:44:42,715 --> 01:44:44,715
Oh my God, you tricked the people into hating you. Bravo!

2394
01:44:45,715 --> 01:44:46,715
Thank you.

2395
01:44:47,715 --> 01:44:48,715
Oh my God, the greatest trick the devil ever pulled.

2396
01:44:49,715 --> 01:44:50,715
I know, the greatest trick.

2397
01:44:51,715 --> 01:44:52,715
Was making people...

2398
01:44:53,715 --> 01:44:54,715
Hate him on Twitter.

2399
01:44:55,715 --> 01:44:56,715
Okay, that's a good, that's the episode title.

2400
01:44:57,715 --> 01:44:59,715
The greatest trick the devil ever pulled.

2401
01:45:00,715 --> 01:45:04,715
Because people will think it's the usual suspects, but little do they know.

2402
01:45:05,715 --> 01:45:09,715
But I almost know, the thing I noticed was that, oh, I think I spit on the mic here.

2403
01:45:10,715 --> 01:45:11,715
Oh no, it's not, some scum.

2404
01:45:12,715 --> 01:45:16,715
And you say something about Lightning Network and I like how Marty just goes,

2405
01:45:17,715 --> 01:45:20,715
yeah, but my Lightning Network node is seeing increase.

2406
01:45:21,715 --> 01:45:23,715
And it's like, what the fuck does it have to do with it?

2407
01:45:24,715 --> 01:45:25,715
It's like, you're saying that...

2408
01:45:26,715 --> 01:45:27,715
I like Marty a lot, but yeah, that was like, I don't know.

2409
01:45:27,715 --> 01:45:28,715
I guess I'm like...

2410
01:45:29,715 --> 01:45:30,715
What did it have to do with what you were saying?

2411
01:45:31,715 --> 01:45:33,715
It's like someone says like, someone got stabbed here and you go like,

2412
01:45:34,715 --> 01:45:36,715
yeah, but in my neighborhood, everyone is holding hands and is happy.

2413
01:45:37,715 --> 01:45:38,715
It's like, what?

2414
01:45:39,715 --> 01:45:41,715
Yeah, the crime rate, for two years, the crime rate has been unacceptably high.

2415
01:45:42,715 --> 01:45:43,715
Or whatever.

2416
01:45:44,715 --> 01:45:46,715
The levels of pollution or the air quality has been unacceptably low.

2417
01:45:47,715 --> 01:45:49,715
Because I was talking about how there's only been a thousand BTC in Lightning
Network

2418
01:45:50,715 --> 01:45:51,715
and the number has actually shrank.

2419
01:45:52,715 --> 01:45:53,715
It's basically flatlined.

2420
01:45:53,715 --> 01:45:55,715
But for like two years, two and a half years, maybe.

2421
01:45:56,715 --> 01:45:57,715
Maybe, I don't know.

2422
01:45:58,715 --> 01:45:59,715
Looking up someone.

2423
01:46:00,715 --> 01:46:01,715
But the point is that's not...

2424
01:46:02,715 --> 01:46:05,715
A thousand BTC, even at our current prices.

2425
01:46:07,715 --> 01:46:08,715
So what is that?

2426
01:46:09,715 --> 01:46:10,715
Like $18 million or something?

2427
01:46:11,715 --> 01:46:12,715
Check that website.

2428
01:46:13,715 --> 01:46:14,715
You keep talking.

2429
01:46:15,715 --> 01:46:16,715
I'll look for it.

2430
01:46:17,715 --> 01:46:18,715
But I'm just saying that is...

2431
01:46:19,715 --> 01:46:21,715
Are we kidding ourselves here?

2432
01:46:21,715 --> 01:46:22,715
That's what it is?

2433
01:46:23,715 --> 01:46:24,715
$18 million?

2434
01:46:25,715 --> 01:46:26,715
Let's look it up so that we can get it right.

2435
01:46:27,715 --> 01:46:29,715
Yeah, if you want to click on this thing here.

2436
01:46:30,715 --> 01:46:31,715
And this is with Bitcoin at $18,000.

2437
01:46:32,715 --> 01:46:33,715
That's at a super high price.

2438
01:46:34,715 --> 01:46:35,715
Basically all-time high.

2439
01:46:36,715 --> 01:46:37,715
Yeah, you see it here.

2440
01:46:38,715 --> 01:46:39,715
If you look here, it is $18 million.

2441
01:46:40,715 --> 01:46:41,715
So that's how much it's had.

2442
01:46:42,715 --> 01:46:43,715
$18 million.

2443
01:46:44,715 --> 01:46:45,715
In the whole network.

2444
01:46:46,715 --> 01:46:47,715
That's nothing.

2445
01:46:48,715 --> 01:46:49,715
But one second, Paul.

2446
01:46:49,715 --> 01:46:51,715
I mean, many Bitcoiners, OG Bitcoiners,

2447
01:46:52,715 --> 01:46:53,715
own more Bitcoin than that.

2448
01:46:54,715 --> 01:46:55,715
Right, I don't know.

2449
01:46:56,715 --> 01:46:57,715
But here's the thing right now.

2450
01:46:58,715 --> 01:47:00,715
There is some merit to Marty's point, though.

2451
01:47:01,715 --> 01:47:02,715
Because that's what's...

2452
01:47:03,715 --> 01:47:05,715
Well, people say it's been improving over time.

2453
01:47:06,715 --> 01:47:07,715
No, that's not my point.

2454
01:47:08,715 --> 01:47:09,715
My point is that this is how much is in the network.

2455
01:47:10,715 --> 01:47:11,715
But you can have a lot of activity

2456
01:47:12,715 --> 01:47:13,715
just even with one Bitcoin.

2457
01:47:14,715 --> 01:47:15,715
You can have hundreds of millions being moved forward.

2458
01:47:16,715 --> 01:47:17,715
That's true.

2459
01:47:17,715 --> 01:47:18,715
So I don't think it's just...

2460
01:47:19,715 --> 01:47:20,715
I mean, there is some merit to what he said.

2461
01:47:21,715 --> 01:47:22,715
That's enough.

2462
01:47:23,715 --> 01:47:24,715
Yes, of course, no, there is.

2463
01:47:25,715 --> 01:47:26,715
I agree with that.

2464
01:47:27,715 --> 01:47:28,715
I agree with you that it's not really the point.

2465
01:47:29,715 --> 01:47:30,715
The point is like, these are not the numbers

2466
01:47:31,715 --> 01:47:32,715
and this is not the design.

2467
01:47:33,715 --> 01:47:34,715
But the bigger point is just that

2468
01:47:35,715 --> 01:47:36,715
when people think of Layer 2,

2469
01:47:37,715 --> 01:47:38,715
they just think of lightning.

2470
01:47:39,715 --> 01:47:40,715
They don't think of all these other things

2471
01:47:41,715 --> 01:47:42,715
that they could think of.

2472
01:47:43,715 --> 01:47:44,715
You know what I think was really weird

2473
01:47:45,715 --> 01:47:46,715
regarding this people get things weird?

2474
01:47:47,715 --> 01:47:48,715
I don't know if it's just me.

2475
01:47:49,715 --> 01:47:50,715
Sorry, what are you talking about?

2476
01:47:51,715 --> 01:47:52,715
BISC?

2477
01:47:53,715 --> 01:47:54,715
Yes, BISC.

2478
01:47:55,715 --> 01:47:56,715
Yeah, they think that's like a layer of Bitcoin.

2479
01:47:57,715 --> 01:47:58,715
And it's like, no, it's not, dude.

2480
01:47:59,715 --> 01:48:00,715
They think that what is?

2481
01:48:01,715 --> 01:48:02,715
BISC itself, it's a layer.

2482
01:48:03,715 --> 01:48:04,715
They think that they are.

2483
01:48:05,715 --> 01:48:06,715
Yeah, well, this is the thing is

2484
01:48:07,715 --> 01:48:08,715
anything could be a custodian.

2485
01:48:09,715 --> 01:48:10,715
The custodial things are not custodial.

2486
01:48:11,715 --> 01:48:12,715
They're not custodial, but they're not a layer.

2487
01:48:13,715 --> 01:48:14,715
I feel they're just an app that uses Bitcoin.

2488
01:48:15,715 --> 01:48:16,715
That's it.

2489
01:48:17,715 --> 01:48:18,715
I don't know if that would probably help with that.

2490
01:48:19,715 --> 01:48:22,715
But yeah, custodial thing is a fake layer.

2491
01:48:23,715 --> 01:48:24,715
And it's also not a layer

2492
01:48:25,715 --> 01:48:29,715
if you don't do anything there.

2493
01:48:30,715 --> 01:48:31,715
So if it's just like a shelf.

2494
01:48:32,715 --> 01:48:34,715
So, but yeah, I don't know.

2495
01:48:35,715 --> 01:48:36,715
That could be more.

2496
01:48:37,715 --> 01:48:38,715
People should formalize that maybe.

2497
01:48:39,715 --> 01:48:41,715
Yeah, I don't even formalize something like this.

2498
01:48:42,715 --> 01:48:43,715
Like you can formalize it

2499
01:48:44,715 --> 01:48:45,715
if someone disagrees with it.

2500
01:48:45,715 --> 01:48:47,715
You know, I like this thing that's Feynman did.

2501
01:48:48,715 --> 01:48:49,715
I really like listening to clips of Feynman.

2502
01:48:50,715 --> 01:48:51,715
He says these things.

2503
01:48:52,715 --> 01:48:53,715
He tells this anecdote when he was going on with his dad.

2504
01:48:54,715 --> 01:48:56,715
And he said that you call this bird by its scientific name.

2505
01:48:57,715 --> 01:48:58,715
You know, they have weird names.

2506
01:48:59,715 --> 01:49:00,715
It doesn't actually tell you anything.

2507
01:49:01,715 --> 01:49:02,715
It's like, that's a reference.

2508
01:49:03,715 --> 01:49:04,715
It only tells you about what other humans call the bird.

2509
01:49:05,715 --> 01:49:06,715
Yeah, but the real knowledge coming,

2510
01:49:07,715 --> 01:49:08,715
like understanding what the bird does,

2511
01:49:09,715 --> 01:49:10,715
what does it eat and whatever, right?

2512
01:49:11,715 --> 01:49:12,715
It's the same thing with this.

2513
01:49:13,715 --> 01:49:14,715
It's like, it doesn't even matter

2514
01:49:15,715 --> 01:49:16,715
what the bird does.

2515
01:49:17,715 --> 01:49:18,715
Oh, yeah, that's true.

2516
01:49:19,715 --> 01:49:20,715
But it is relevant because

2517
01:49:21,715 --> 01:49:22,715
knowledge is variations.

2518
01:49:23,715 --> 01:49:25,715
The contours of your mind map reality.

2519
01:49:26,715 --> 01:49:27,715
So what your brain has to,

2520
01:49:28,715 --> 01:49:29,715
the difference is when you switch from saying

2521
01:49:30,715 --> 01:49:31,715
that's a bird to that's a turtle,

2522
01:49:32,715 --> 01:49:33,715
something in the real world has to switch

2523
01:49:34,715 --> 01:49:35,715
from being a bird to a turtle.

2524
01:49:36,715 --> 01:49:38,715
But this is relevant because I'm talking about

2525
01:49:39,715 --> 01:49:41,715
why it is that people talk about layer two.

2526
01:49:42,715 --> 01:49:43,715
They talk about lightning,

2527
01:49:43,715 --> 01:49:44,715
but they don't talk about chains as much, for example.

2528
01:49:45,715 --> 01:49:46,715
Because there's no meme.

2529
01:49:47,715 --> 01:49:48,715
Come on, we talked about it.

2530
01:49:49,715 --> 01:49:50,715
I know, I agree with you,

2531
01:49:51,715 --> 01:49:52,715
but I'm just saying that's why it is more relevant

2532
01:49:53,715 --> 01:49:54,715
than just a frivolous label.

2533
01:49:55,715 --> 01:49:56,715
There's no meaning.

2534
01:49:57,715 --> 01:49:58,715
So you don't care.

2535
01:49:59,715 --> 01:50:00,715
I mean, you don't even care about these other points

2536
01:50:01,715 --> 01:50:02,715
about like how funny,

2537
01:50:03,715 --> 01:50:04,715
I have all these points in here about like how

2538
01:50:05,715 --> 01:50:06,715
it's amusing about BCH

2539
01:50:07,715 --> 01:50:08,715
and about possibly Greg Maxwell

2540
01:50:09,715 --> 01:50:10,715
did all this on purpose

2541
01:50:11,715 --> 01:50:12,715
with the whole tax meme that he created, I think.

2542
01:50:13,715 --> 01:50:14,715
Greg Maxwell, I think,

2543
01:50:15,715 --> 01:50:16,715
is the only person who could be

2544
01:50:17,715 --> 01:50:18,715
the same level of interesting

2545
01:50:19,715 --> 01:50:20,715
with Mirchapopisk, right?

2546
01:50:21,715 --> 01:50:22,715
Really? I don't think so at all.

2547
01:50:23,715 --> 01:50:24,715
Mirchapopisk is so interesting.

2548
01:50:25,715 --> 01:50:26,715
He's like just completely off the walls crazy.

2549
01:50:27,715 --> 01:50:28,715
He is, right?

2550
01:50:29,715 --> 01:50:30,715
And he could talk even about,

2551
01:50:31,715 --> 01:50:32,715
he has porn on his website and also some genius thing.

2552
01:50:33,715 --> 01:50:34,715
No, but Maxwell is like,

2553
01:50:35,715 --> 01:50:36,715
you know, you think about something, right?

2554
01:50:37,715 --> 01:50:38,715
In Bitcoin and whatever.

2555
01:50:39,715 --> 01:50:40,715
And he thought about it in 2010.

2556
01:50:41,715 --> 01:50:42,715
You know what I'm trying to say?

2557
01:50:43,715 --> 01:50:44,715
Yeah.

2558
01:50:45,715 --> 01:50:46,715
I don't know.

2559
01:50:47,715 --> 01:50:48,715
Sure.

2560
01:50:48,715 --> 01:50:49,715
It's easy for me to be impressed by him.

2561
01:50:50,715 --> 01:50:51,715
I'll give you that.

2562
01:50:51,715 --> 01:50:52,715
For me, it's easier to get impressed by him.

2563
01:50:53,715 --> 01:50:54,715
Well, I think I kind of,

2564
01:50:55,715 --> 01:50:56,715
I kind of feel bad for him.

2565
01:50:57,715 --> 01:50:58,715
I don't know if that's the phrase,

2566
01:50:59,715 --> 01:51:00,715
but he's become such a polarizing figure

2567
01:51:01,715 --> 01:51:02,715
that how can you like exist normally?

2568
01:51:03,715 --> 01:51:04,715
If I were him, I would have definitely made

2569
01:51:05,715 --> 01:51:06,715
alt accounts by now and I would never,

2570
01:51:07,715 --> 01:51:08,715
I would stop posting under my real name

2571
01:51:09,715 --> 01:51:10,715
because he's become like

2572
01:51:11,715 --> 01:51:12,715
high priest of Bitcoin core,

2573
01:51:13,715 --> 01:51:14,715
which I think,

2574
01:51:15,715 --> 01:51:16,715
I mean, what's worse than that?

2575
01:51:17,715 --> 01:51:18,715
That sounds terrible,

2576
01:51:19,715 --> 01:51:20,715
but he keeps posting on these places.

2577
01:51:21,715 --> 01:51:22,715
I think only recently he got banned

2578
01:51:23,715 --> 01:51:26,715
from the RBTC subreddit or something.

2579
01:51:27,715 --> 01:51:28,715
Like, I don't know why, you know,

2580
01:51:29,715 --> 01:51:30,715
I don't know why he does a lot of the things that he does

2581
01:51:31,715 --> 01:51:32,715
the way that he does,

2582
01:51:33,715 --> 01:51:34,715
but I guess that's his business.

2583
01:51:35,715 --> 01:51:36,715
He's a very peculiar individual just by that

2584
01:51:37,715 --> 01:51:38,715
and the way he looks and whatever.

2585
01:51:39,715 --> 01:51:40,715
I don't think there are any videos of him,

2586
01:51:41,715 --> 01:51:42,715
but it used to be the old ones from 2013 or something.

2587
01:51:43,715 --> 01:51:44,715
I'm not sure of doing that.

2588
01:51:45,715 --> 01:51:46,715
He clearly liked it.

2589
01:51:47,715 --> 01:51:48,715
Yeah, I don't think so.

2590
01:51:49,715 --> 01:51:50,715
A lot of people say that,

2591
01:51:51,715 --> 01:51:52,715
but I'm suspicious of that.

2592
01:51:53,715 --> 01:51:54,715
A lot of people say that.

2593
01:51:55,715 --> 01:51:56,715
Dude, he likes to write long things.

2594
01:51:57,715 --> 01:51:58,715
I think he's like compelled.

2595
01:51:59,715 --> 01:52:00,715
I think he can't stop himself from doing it.

2596
01:52:01,715 --> 01:52:02,715
I think he actually gets very upset

2597
01:52:03,715 --> 01:52:04,715
when he's doing it.

2598
01:52:05,715 --> 01:52:06,715
I think he's almost addicted to it.

2599
01:52:07,715 --> 01:52:08,715
I think Twitter and Reddit are,

2600
01:52:09,715 --> 01:52:10,715
they're dangerous substances

2601
01:52:11,715 --> 01:52:12,715
and they ensnare people

2602
01:52:13,715 --> 01:52:14,715
and he's like a cocaine addict

2603
01:52:15,715 --> 01:52:16,715
that tells people that it's under control,

2604
01:52:17,715 --> 01:52:18,715
but it's really not under control.

2605
01:52:19,715 --> 01:52:21,715
He needs it to work.

2606
01:52:22,715 --> 01:52:23,715
This is like when,

2607
01:52:24,715 --> 01:52:26,715
yeah, people used to say this in Hollywood.

2608
01:52:27,715 --> 01:52:28,715
They need it to help concentrate

2609
01:52:29,715 --> 01:52:30,715
or whatever.

2610
01:52:31,715 --> 01:52:32,715
It's not a big deal.

2611
01:52:33,715 --> 01:52:34,715
Everyone's doing it.

2612
01:52:35,715 --> 01:52:36,715
That's what they would say.

2613
01:52:37,715 --> 01:52:38,715
I think the data point is that

2614
01:52:39,715 --> 01:52:40,715
he had to leave Blockstream

2615
01:52:40,715 --> 01:52:43,715
for his own health

2616
01:52:44,715 --> 01:52:46,715
to take a sabbatical from Bitcoin or something.

2617
01:52:47,715 --> 01:52:48,715
Do you know,

2618
01:52:49,715 --> 01:52:50,715
I don't have any insight into that.

2619
01:52:51,715 --> 01:52:52,715
Do you know why he left Blockstream?

2620
01:52:53,715 --> 01:52:54,715
Should we talk about it first of all?

2621
01:52:55,715 --> 01:52:56,715
I don't think I should.

2622
01:52:57,715 --> 01:52:58,715
I don't know.

2623
01:52:59,715 --> 01:53:00,715
I would want to think carefully

2624
01:53:01,715 --> 01:53:02,715
about exactly what I heard from whom.

2625
01:53:03,715 --> 01:53:04,715
But he did have to,

2626
01:53:05,715 --> 01:53:06,715
it wasn't just leaving Blockstream.

2627
01:53:07,715 --> 01:53:08,715
He eventually left Blockstream

2628
01:53:08,715 --> 01:53:09,715
and actually turned in his

2629
01:53:10,715 --> 01:53:12,715
repo access,

2630
01:53:13,715 --> 01:53:14,715
which is smart because

2631
01:53:15,715 --> 01:53:16,715
who wants to have repo access?

2632
01:53:17,715 --> 01:53:18,715
That's like painting a target on your brain.

2633
01:53:19,715 --> 01:53:21,715
So that's smart.

2634
01:53:22,715 --> 01:53:24,715
But he had to leave.

2635
01:53:25,715 --> 01:53:27,715
He sort of dropped out of Bitcoin for a while.

2636
01:53:28,715 --> 01:53:30,715
I think he had some kind of breakdown or something.

2637
01:53:31,715 --> 01:53:32,715
I just thought what ended up happening

2638
01:53:33,715 --> 01:53:34,715
was this guy was doing so much work.

2639
01:53:35,715 --> 01:53:36,715
Everyone looks up to him or whatever.

2640
01:53:36,715 --> 01:53:37,715
And I think he just got up and was like,

2641
01:53:38,715 --> 01:53:39,715
you know what, I'm just going to go on a mountain somewhere

2642
01:53:40,715 --> 01:53:41,715
and just chill a bit.

2643
01:53:42,715 --> 01:53:43,715
I think that's what I thought happened with him.

2644
01:53:44,715 --> 01:53:45,715
Right, but that's what I mean.

2645
01:53:46,715 --> 01:53:47,715
I'm saying, well, I don't, you know,

2646
01:53:48,715 --> 01:53:49,715
there are a lot of variants of that,

2647
01:53:50,715 --> 01:53:51,715
but I don't think that,

2648
01:53:52,715 --> 01:53:53,715
see, you were saying he enjoys it.

2649
01:53:54,715 --> 01:53:55,715
If I have to bet my whole net worth,

2650
01:53:56,715 --> 01:53:57,715
I would bet that he doesn't.

2651
01:53:58,715 --> 01:53:59,715
He does.

2652
01:54:00,715 --> 01:54:01,715
If you would, you'd probably say he doesn't.

2653
01:54:02,715 --> 01:54:03,715
Really? No, but then why go out to the mountain?

2654
01:54:04,715 --> 01:54:05,715
We can talk about it,

2655
01:54:06,715 --> 01:54:07,715
but I wouldn't bet my whole net worth.

2656
01:54:08,715 --> 01:54:09,715
It's a hypothetical question.

2657
01:54:10,715 --> 01:54:11,715
No, but I think that he,

2658
01:54:12,715 --> 01:54:13,715
no, I think he's addicted to Reddit

2659
01:54:14,715 --> 01:54:15,715
and he can't stop

2660
01:54:16,715 --> 01:54:17,715
and that it's driving, making him super miserable.

2661
01:54:18,715 --> 01:54:19,715
And he's got a lot of people fooled

2662
01:54:20,715 --> 01:54:21,715
thinking that he likes it,

2663
01:54:22,715 --> 01:54:23,715
but actually he had a total psychotic breakdown

2664
01:54:24,715 --> 01:54:25,715
at some point and had to like

2665
01:54:26,715 --> 01:54:27,715
check himself into a mental hospital or something.

2666
01:54:28,715 --> 01:54:29,715
You know what, like after this,

2667
01:54:30,715 --> 01:54:31,715
I literally think we're going to be

2668
01:54:32,715 --> 01:54:33,715
the most hated people in Bitcoin.

2669
01:54:34,715 --> 01:54:35,715
Like literally the most hated people.

2670
01:54:36,715 --> 01:54:37,715
And there's a lot of stuff that I like heard

2671
01:54:38,715 --> 01:54:39,715
and I don't, but I have to think about carefully

2672
01:54:40,715 --> 01:54:41,715
who I heard it from.

2673
01:54:42,715 --> 01:54:43,715
I don't think it's fine to talk about things

2674
01:54:44,715 --> 01:54:45,715
we don't know for sure.

2675
01:54:46,715 --> 01:54:47,715
Right.

2676
01:54:47,715 --> 01:54:48,715
But you hear a little about my point to BCH

2677
01:54:49,715 --> 01:54:50,715
now flipping by Litecoin.

2678
01:54:51,715 --> 01:54:52,715
Like how funny is that?

2679
01:54:53,715 --> 01:54:54,715
It's like, you know what,

2680
01:54:55,715 --> 01:54:56,715
it's like someone is telling me

2681
01:54:57,715 --> 01:54:58,715
there's this nail race over there.

2682
01:54:59,715 --> 01:55:00,715
I'm like, I don't fucking have time for this nail race.

2683
01:55:01,715 --> 01:55:02,715
I like that.

2684
01:55:03,715 --> 01:55:04,715
I like that you don't.

2685
01:55:04,715 --> 01:55:05,715
I, well, I don't know about like,

2686
01:55:06,715 --> 01:55:07,715
but I appreciate that.

2687
01:55:08,715 --> 01:55:09,715
I certainly understand that

2688
01:55:10,715 --> 01:55:11,715
point of view and I think it's bad.

2689
01:55:12,715 --> 01:55:13,715
It's for the same reason that Ethereum is bad

2690
01:55:14,715 --> 01:55:15,715
for Bitcoin.

2691
01:55:15,715 --> 01:55:16,715
It's good to have all these competitors,

2692
01:55:17,715 --> 01:55:19,715
but it's very bad for presenting

2693
01:55:20,715 --> 01:55:21,715
cryptocurrencies to the world

2694
01:55:22,715 --> 01:55:23,715
and for having people

2695
01:55:24,715 --> 01:55:26,715
join the crypto.

2696
01:55:27,715 --> 01:55:28,715
It's better if there's just one crypto

2697
01:55:29,715 --> 01:55:30,715
for people to just,

2698
01:55:31,715 --> 01:55:32,715
we don't want these people to like be

2699
01:55:32,715 --> 01:55:34,715
afraid of miscoordinating.

2700
01:55:35,715 --> 01:55:36,715
And now you're washing your sins with this.

2701
01:55:37,715 --> 01:55:38,715
After all these things you said about big blocks,

2702
01:55:39,715 --> 01:55:40,715
now you're coming back to the Bitcoin gospel.

2703
01:55:41,715 --> 01:55:42,715
No, it's weird though.

2704
01:55:42,715 --> 01:55:43,715
I don't understand.

2705
01:55:43,715 --> 01:55:44,715
I see my idea.

2706
01:55:44,715 --> 01:55:45,715
My ideology is like totally consistent

2707
01:55:46,715 --> 01:55:47,715
in my head because I decided to get

2708
01:55:48,715 --> 01:55:49,715
all the benefits and everything.

2709
01:55:50,715 --> 01:55:51,715
But this is a nuanced point.

2710
01:55:51,715 --> 01:55:52,715
It's not, you know,

2711
01:55:53,715 --> 01:55:54,715
unity is important.

2712
01:55:55,715 --> 01:55:56,715
There's a lot of advantages to

2713
01:55:57,715 --> 01:55:58,715
working as a team,

2714
01:55:58,715 --> 01:55:59,715
but that doesn't mean that we just

2715
01:56:00,715 --> 01:56:01,715
blindly obey the team

2716
01:56:02,715 --> 01:56:03,715
and always

2717
01:56:04,715 --> 01:56:05,715
quite the reverse.

2718
01:56:05,715 --> 01:56:06,715
So there's a complex nuance

2719
01:56:07,715 --> 01:56:08,715
to it all,

2720
01:56:08,715 --> 01:56:09,715
unfortunately.

2721
01:56:10,715 --> 01:56:11,715
Yeah, there's complex nuance to everything else

2722
01:56:12,715 --> 01:56:13,715
and limited brain bandwidth.

2723
01:56:14,715 --> 01:56:15,715
And that's pretty much what this episode

2724
01:56:16,715 --> 01:56:17,715
was about.

2725
01:56:17,715 --> 01:56:18,715
Us just saying that in a thousand ways,

2726
01:56:19,715 --> 01:56:20,715
right?

2727
01:56:20,715 --> 01:56:21,715
Yeah, I know.

2728
01:56:21,715 --> 01:56:22,715
Okay, let's just run through it.

2729
01:56:22,715 --> 01:56:23,715
Look, Taproot activation.

2730
01:56:23,715 --> 01:56:24,715
That's good.

2731
01:56:24,715 --> 01:56:25,715
Oh, we should have talked about that.

2732
01:56:25,715 --> 01:56:26,715
Everyone is too afraid

2733
01:56:27,715 --> 01:56:28,715
of talking about activation.

2734
01:56:29,715 --> 01:56:30,715
So the mining pools have just...

2735
01:56:30,715 --> 01:56:31,715
Can you please explain Taproot

2736
01:56:32,715 --> 01:56:33,715
in a very super like simple way?

2737
01:56:34,715 --> 01:56:35,715
Just go for it a bit.

2738
01:56:36,715 --> 01:56:37,715
I would be afraid of explaining

2739
01:56:38,715 --> 01:56:39,715
it wrong, but I could try.

2740
01:56:39,715 --> 01:56:40,715
No, don't try to be rigorous.

2741
01:56:40,715 --> 01:56:41,715
Just give it an overview

2742
01:56:42,715 --> 01:56:43,715
and then go into it.

2743
01:56:44,715 --> 01:56:45,715
Into the other thing.

2744
01:56:47,715 --> 01:56:48,715
Okay.

2745
01:56:50,715 --> 01:56:51,715
Yeah, it depends a lot on what the

2746
01:56:52,715 --> 01:56:53,715
audience already knows, but Taproot

2747
01:56:54,715 --> 01:56:55,715
is a way

2748
01:56:56,715 --> 01:56:57,715
of...

2749
01:56:58,715 --> 01:56:59,715
Oh, God.

2750
01:56:59,715 --> 01:57:00,715
Okay.

2751
01:57:00,715 --> 01:57:01,715
So there was this thing called Mast

2752
01:57:02,715 --> 01:57:03,715
and there was...

2753
01:57:04,715 --> 01:57:05,715
I don't know.

2754
01:57:08,715 --> 01:57:09,715
Okay.

2755
01:57:10,715 --> 01:57:11,715
Taproot is...

2756
01:57:12,715 --> 01:57:13,715
Okay, so there's a lot of ideas in a row.

2757
01:57:14,715 --> 01:57:15,715
So some of these ideas were like

2758
01:57:16,715 --> 01:57:17,715
Bitcoin transactions don't look...

2759
01:57:18,715 --> 01:57:19,715
Some of them look different from each

2760
01:57:20,715 --> 01:57:21,715
other and some of them stand out.

2761
01:57:23,715 --> 01:57:24,715
So can we do something about that?

2762
01:57:25,715 --> 01:57:26,715
And when I reveal my...

2763
01:57:26,715 --> 01:57:27,715
When I spend my Bitcoin transaction,

2764
01:57:27,715 --> 01:57:28,715
everyone will know.

2765
01:57:29,715 --> 01:57:30,715
If it's like some weird transaction

2766
01:57:31,715 --> 01:57:32,715
where I had to provide a hash

2767
01:57:33,715 --> 01:57:34,715
of something and I had to like do

2768
01:57:35,715 --> 01:57:36,715
some other thing and it was a multi-sig,

2769
01:57:37,715 --> 01:57:38,715
then the whole thing shows up on

2770
01:57:39,715 --> 01:57:40,715
chain and everyone knows.

2771
01:57:41,715 --> 01:57:42,715
So the idea was, can we hide some of that?

2772
01:57:43,715 --> 01:57:44,715
The idea was, okay, we'll hide

2773
01:57:44,715 --> 01:57:45,715
everything in Mast, in this thing

2774
01:57:46,715 --> 01:57:47,715
called Mast where we'll have a Merkle

2775
01:57:48,715 --> 01:57:49,715
tree and all the outcomes with the

2776
01:57:50,715 --> 01:57:51,715
conditions will be a little at the

2777
01:57:52,715 --> 01:57:53,715
bottom. And so you

2778
01:57:54,715 --> 01:57:56,715
will only have to reveal the bare

2779
01:57:56,715 --> 01:57:58,715
minimum of the transaction,

2780
01:57:59,715 --> 01:58:00,715
which can sometimes make the

2781
01:58:01,715 --> 01:58:02,715
transaction bigger, but would

2782
01:58:03,715 --> 01:58:04,715
usually make it smaller because

2783
01:58:05,715 --> 01:58:06,715
you only have to reveal...

2784
01:58:07,715 --> 01:58:08,715
It depends on if there's other

2785
01:58:08,715 --> 01:58:09,715
things where, because you have a hash

2786
01:58:10,715 --> 01:58:11,715
for each thing. Oh, my God, this

2787
01:58:11,715 --> 01:58:12,715
explanation is going to suck.

2788
01:58:13,715 --> 01:58:14,715
So there's...

2789
01:58:15,715 --> 01:58:16,715
So you can write this thing.

2790
01:58:18,715 --> 01:58:20,715
Okay, and then Mast interacts

2791
01:58:21,715 --> 01:58:22,715
with Schnorr.

2792
01:58:23,715 --> 01:58:24,715
Which is the...

2793
01:58:24,715 --> 01:58:26,715
And this is a new signature.

2794
01:58:27,715 --> 01:58:28,715
Yeah, this is torture because I'm

2795
01:58:28,715 --> 01:58:29,715
trying to imagine if anyone will

2796
01:58:30,715 --> 01:58:31,715
understand any of this.

2797
01:58:31,715 --> 01:58:32,715
Just keep it as simple as possible.

2798
01:58:33,715 --> 01:58:34,715
Okay.

2799
01:58:35,715 --> 01:58:36,715
Okay, so what is Taproot?

2800
01:58:37,715 --> 01:58:38,715
Taproot is a way of

2801
01:58:41,715 --> 01:58:43,715
crunching down complicated

2802
01:58:44,715 --> 01:58:45,715
Bitcoin transactions.

2803
01:58:45,715 --> 01:58:46,715
So not the ones that you normally

2804
01:58:46,715 --> 01:58:47,715
do.

2805
01:58:48,715 --> 01:58:50,715
But weird ones into this

2806
01:58:51,715 --> 01:58:52,715
thing that looks like a normal

2807
01:58:53,715 --> 01:58:54,715
Bitcoin transaction.

2808
01:58:54,715 --> 01:58:55,715
There, I get it.

2809
01:58:56,715 --> 01:58:57,715
Now I'm going to get angry hate

2810
01:58:57,715 --> 01:58:58,715
mail from people who say that

2811
01:58:58,715 --> 01:58:59,715
that didn't explain it very

2812
01:59:00,715 --> 01:59:01,715
well.

2813
01:59:01,715 --> 01:59:02,715
Okay, so now what is this

2814
01:59:03,715 --> 01:59:04,715
thing?

2815
01:59:04,715 --> 01:59:05,715
But the point of the Taproot is

2816
01:59:05,715 --> 01:59:06,715
that this has been the thing that

2817
01:59:06,715 --> 01:59:07,715
people have been obsessed with for

2818
01:59:07,715 --> 01:59:08,715
a long time.

2819
01:59:09,715 --> 01:59:10,715
Also, Schnorr,

2820
01:59:11,715 --> 01:59:13,715
which is a cool thing, is bound up

2821
01:59:13,715 --> 01:59:14,715
with Taproot without explaining

2822
01:59:14,715 --> 01:59:15,715
more about that.

2823
01:59:17,715 --> 01:59:18,715
But Schnorr is

2824
01:59:19,715 --> 01:59:21,715
a different way of writing a

2825
01:59:21,715 --> 01:59:22,715
Bitcoin transaction.

2826
01:59:23,715 --> 01:59:24,715
And it has a lot of cool

2827
01:59:25,715 --> 01:59:26,715
properties.

2828
01:59:27,715 --> 01:59:28,715
One of those is signature

2829
01:59:29,715 --> 01:59:30,715
aggregation.

2830
01:59:30,715 --> 01:59:31,715
So the Bitcoin

2831
01:59:32,715 --> 01:59:34,715
transaction, it's like a check,

2832
01:59:34,715 --> 01:59:36,715
but the signature takes up a lot

2833
01:59:36,715 --> 01:59:37,715
of space on the check.

2834
01:59:38,715 --> 01:59:39,715
A lot.

2835
01:59:39,715 --> 01:59:40,715
And so this is like you

2836
01:59:41,715 --> 01:59:42,715
can put a lot of checks on the

2837
01:59:42,715 --> 01:59:43,715
blockchain and the signatures can

2838
01:59:43,715 --> 01:59:45,715
like all overlap at the bottom

2839
01:59:45,715 --> 01:59:47,715
and peel them off the check.

2840
01:59:48,715 --> 01:59:49,715
So that you can do like operations

2841
01:59:49,715 --> 01:59:50,715
between the signatures like in a

2842
01:59:50,715 --> 01:59:51,715
mathematical way.

2843
01:59:52,715 --> 01:59:53,715
Isn't that also...

2844
01:59:53,715 --> 01:59:54,715
That has always been true, but

2845
01:59:54,715 --> 01:59:55,715
there's parts of Schnorr that make

2846
01:59:55,715 --> 01:59:56,715
that easier.

2847
01:59:57,715 --> 01:59:58,715
Oh, so this was possible.

2848
01:59:58,715 --> 01:59:59,715
Okay.

2849
01:59:59,715 --> 02:00:00,715
It was possible before.

2850
02:00:02,715 --> 02:00:03,715
That is how...

2851
02:00:03,715 --> 02:00:04,715
What is this called?

2852
02:00:04,715 --> 02:00:05,715
What is this property called?

2853
02:00:05,715 --> 02:00:06,715
Or these type of properties,

2854
02:00:06,715 --> 02:00:07,715
actually?

2855
02:00:07,715 --> 02:00:08,715
What is it called?

2856
02:00:08,715 --> 02:00:09,715
Composability?

2857
02:00:09,715 --> 02:00:10,715
I don't know, so I shouldn't say.

2858
02:00:10,715 --> 02:00:11,715
But there is, if you can look up

2859
02:00:11,715 --> 02:00:12,715
the Diffie-Hellman

2860
02:00:14,715 --> 02:00:15,715
thing and you can look up stealth

2861
02:00:15,715 --> 02:00:16,715
addresses and BIP-47

2862
02:00:17,715 --> 02:00:18,715
payment codes.

2863
02:00:20,715 --> 02:00:21,715
They are tied up in this kind of

2864
02:00:21,715 --> 02:00:22,715
thing where...

2865
02:00:22,715 --> 02:00:23,715
Anyway, your point was...

2866
02:00:24,715 --> 02:00:25,715
Sorry, Taproot.

2867
02:00:25,715 --> 02:00:26,715
Okay, so that's the thing.

2868
02:00:26,715 --> 02:00:27,715
So the point of Taproot, though,

2869
02:00:27,715 --> 02:00:28,715
is that it's the thing that all

2870
02:00:29,715 --> 02:00:31,715
the core developers

2871
02:00:32,715 --> 02:00:33,715
have been obsessed with.

2872
02:00:34,715 --> 02:00:35,715
And it is the new...

2873
02:00:36,715 --> 02:00:37,715
It's just a new feature.

2874
02:00:37,715 --> 02:00:38,715
Right.

2875
02:00:39,715 --> 02:00:40,715
It was what people thought

2876
02:00:41,715 --> 02:00:42,715
was interesting

2877
02:00:43,715 --> 02:00:45,715
back in the day, like 2017.

2878
02:00:45,715 --> 02:00:46,715
So they have these...

2879
02:00:46,715 --> 02:00:47,715
The ideas that they like,

2880
02:00:48,715 --> 02:00:49,715
Taproot, and then I guess

2881
02:00:49,715 --> 02:00:50,715
sig-hash-no-input would be the

2882
02:00:50,715 --> 02:00:51,715
next inline.

2883
02:00:52,715 --> 02:00:53,715
And then who knows

2884
02:00:54,715 --> 02:00:55,715
in the future.

2885
02:00:56,715 --> 02:00:57,715
So

2886
02:00:58,715 --> 02:00:59,715
there's this idea.

2887
02:01:00,715 --> 02:01:01,715
There haven't been any soft forks

2888
02:01:01,715 --> 02:01:02,715
since

2889
02:01:03,715 --> 02:01:04,715
the SegWit,

2890
02:01:05,715 --> 02:01:06,715
which was this whole mess

2891
02:01:07,715 --> 02:01:09,715
because that started in October

2892
02:01:09,715 --> 02:01:11,715
2016 with miners

2893
02:01:11,715 --> 02:01:12,715
blockading SegWit by

2894
02:01:13,715 --> 02:01:14,715
signaling for BU

2895
02:01:15,715 --> 02:01:16,715
for 9%, which would have meant

2896
02:01:16,715 --> 02:01:17,715
that the 95%

2897
02:01:18,715 --> 02:01:19,715
threshold for BIP-9 would never

2898
02:01:19,715 --> 02:01:20,715
have been reached, resulting

2899
02:01:21,715 --> 02:01:22,715
in this giant war

2900
02:01:24,715 --> 02:01:25,715
and

2901
02:01:26,715 --> 02:01:27,715
resulting ultimately in the

2902
02:01:27,715 --> 02:01:29,715
UASF and a lot of cultural

2903
02:01:29,715 --> 02:01:30,715
anger.

2904
02:01:30,715 --> 02:01:31,715
Right.

2905
02:01:31,715 --> 02:01:32,715
And then the point with Taproot

2906
02:01:33,715 --> 02:01:34,715
you're trying to make, like this

2907
02:01:34,715 --> 02:01:35,715
was the...

2908
02:01:35,715 --> 02:01:36,715
So this is the next soft fork.

2909
02:01:36,715 --> 02:01:37,715
There have been many soft forks in

2910
02:01:38,715 --> 02:01:39,715
the past, many, very many, and

2911
02:01:39,715 --> 02:01:40,715
even one or two

2912
02:01:41,715 --> 02:01:42,715
hard forks.

2913
02:01:43,715 --> 02:01:44,715
Debatable, but depends who you

2914
02:01:44,715 --> 02:01:45,715
ask.

2915
02:01:45,715 --> 02:01:46,715
It is debatable, but one of them

2916
02:01:46,715 --> 02:01:47,715
is not.

2917
02:01:47,715 --> 02:01:48,715
When Satoshi added the op-nops,

2918
02:01:49,715 --> 02:01:50,715
I don't think anyone debates that.

2919
02:01:50,715 --> 02:01:51,715
And when he changed...

2920
02:01:51,715 --> 02:01:52,715
Oh, there are so many people that

2921
02:01:52,715 --> 02:01:53,715
debate that.

2922
02:01:53,715 --> 02:01:54,715
So many.

2923
02:01:54,715 --> 02:01:55,715
That was a...

2924
02:01:55,715 --> 02:01:56,715
There were no op-nops before.

2925
02:01:56,715 --> 02:01:57,715
OK, well, according

2926
02:01:57,715 --> 02:01:59,715
to me and many other

2927
02:01:59,715 --> 02:02:00,715
smart people who presented

2928
02:02:00,715 --> 02:02:01,715
conferences,

2929
02:02:03,715 --> 02:02:04,715
there are a few in the past.

2930
02:02:05,715 --> 02:02:06,715
There may have even been one...

2931
02:02:06,715 --> 02:02:07,715
For the conferences, I just

2932
02:02:08,715 --> 02:02:09,715
like that.

2933
02:02:09,715 --> 02:02:10,715
There may have been one at...

2934
02:02:12,715 --> 02:02:13,715
There may have been one after

2935
02:02:13,715 --> 02:02:14,715
Satoshi left, a hard fork.

2936
02:02:14,715 --> 02:02:15,715
That is debatable.

2937
02:02:16,715 --> 02:02:17,715
Look, listen, anyway...

2938
02:02:17,715 --> 02:02:18,715
Anyway, the point is, there used

2939
02:02:18,715 --> 02:02:19,715
to be a lot of protocol

2940
02:02:19,715 --> 02:02:20,715
improvements.

2941
02:02:20,715 --> 02:02:21,715
Bitcoin would improve

2942
02:02:22,715 --> 02:02:23,715
in various ways.

2943
02:02:23,715 --> 02:02:24,715
Then there was SegWit.

2944
02:02:24,715 --> 02:02:25,715
And then there's been nothing for

2945
02:02:25,715 --> 02:02:26,715
years.

2946
02:02:26,715 --> 02:02:27,715
For years and years.

2947
02:02:27,715 --> 02:02:28,715
You know what people on Twitter

2948
02:02:28,715 --> 02:02:29,715
are going to say?

2949
02:02:29,715 --> 02:02:30,715
That's because the process...

2950
02:02:30,715 --> 02:02:31,715
I just get sick out of hearing

2951
02:02:31,715 --> 02:02:32,715
this so much.

2952
02:02:32,715 --> 02:02:33,715
The protocol has ossified

2953
02:02:34,715 --> 02:02:35,715
and things like that.

2954
02:02:35,715 --> 02:02:36,715
Which is...

2955
02:02:36,715 --> 02:02:37,715
Well, I think it should.

2956
02:02:37,715 --> 02:02:38,715
Again, as a sidechain advocate,

2957
02:02:38,715 --> 02:02:39,715
I advocate that it be

2958
02:02:40,715 --> 02:02:41,715
frozen completely,

2959
02:02:41,715 --> 02:02:42,715
intentionally.

2960
02:02:42,715 --> 02:02:43,715
So people can do everything...

2961
02:02:43,715 --> 02:02:44,715
And that stuff be pushed

2962
02:02:44,715 --> 02:02:45,715
on the sidechains.

2963
02:02:46,715 --> 02:02:47,715
So I even think that a lot

2964
02:02:47,715 --> 02:02:48,715
of the stuff done with SegWit

2965
02:02:49,715 --> 02:02:50,715
and all this other stuff

2966
02:02:50,715 --> 02:02:51,715
with script versioning

2967
02:02:52,715 --> 02:02:53,715
is very ambitious and may lead

2968
02:02:53,715 --> 02:02:54,715
to chaos

2969
02:02:55,715 --> 02:02:56,715
or just runaway

2970
02:02:58,715 --> 02:02:59,715
power trips by insane

2971
02:02:59,715 --> 02:03:00,715
developers that

2972
02:03:01,715 --> 02:03:02,715
we can't control.

2973
02:03:02,715 --> 02:03:03,715
And so...

2974
02:03:03,715 --> 02:03:04,715
Yeah, so I'm very

2975
02:03:04,715 --> 02:03:05,715
concerned about...

2976
02:03:06,715 --> 02:03:07,715
I'm pro-ossification.

2977
02:03:08,715 --> 02:03:09,715
Right.

2978
02:03:09,715 --> 02:03:10,715
But then everyone wants it

2979
02:03:10,715 --> 02:03:11,715
both ways.

2980
02:03:11,715 --> 02:03:12,715
So they want what's best.

2981
02:03:12,715 --> 02:03:13,715
They want what the elite

2982
02:03:13,715 --> 02:03:14,715
core developers want

2983
02:03:14,715 --> 02:03:15,715
and they want

2984
02:03:16,715 --> 02:03:17,715
ossification.

2985
02:03:17,715 --> 02:03:18,715
So...

2986
02:03:18,715 --> 02:03:19,715
But the point is they want

2987
02:03:19,715 --> 02:03:20,715
this taproot thing

2988
02:03:20,715 --> 02:03:21,715
but everyone's been afraid

2989
02:03:21,715 --> 02:03:22,715
for all these reasons.

2990
02:03:22,715 --> 02:03:23,715
Everyone's been afraid

2991
02:03:23,715 --> 02:03:24,715
to talk about activation.

2992
02:03:24,715 --> 02:03:25,715
So now the pools

2993
02:03:25,715 --> 02:03:26,715
have just decided

2994
02:03:26,715 --> 02:03:27,715
that they're going to

2995
02:03:27,715 --> 02:03:28,715
just start signaling for

2996
02:03:29,715 --> 02:03:30,715
the activation anyway

2997
02:03:30,715 --> 02:03:31,715
that they wanted.

2998
02:03:31,715 --> 02:03:32,715
So, which I approve.

2999
02:03:32,715 --> 02:03:33,715
I think that's...

3000
02:03:33,715 --> 02:03:34,715
This is a good idea.

3001
02:03:34,715 --> 02:03:35,715
There's been this horrible

3002
02:03:36,715 --> 02:03:37,715
stalemate the whole time.

3003
02:03:37,715 --> 02:03:38,715
Everyone has been afraid

3004
02:03:38,715 --> 02:03:39,715
to even speak.

3005
02:03:42,715 --> 02:03:43,715
People might think

3006
02:03:43,715 --> 02:03:44,715
I'm making this up.

3007
02:03:44,715 --> 02:03:45,715
People are afraid

3008
02:03:45,715 --> 02:03:46,715
to even speak

3009
02:03:46,715 --> 02:03:47,715
about activation.

3010
02:03:47,715 --> 02:03:48,715
There was an activation

3011
02:03:49,715 --> 02:03:50,715
telegram group.

3012
02:03:51,715 --> 02:03:52,715
People just would stop

3013
02:03:52,715 --> 02:03:53,715
talking for months.

3014
02:03:53,715 --> 02:03:54,715
The whole point of it

3015
02:03:54,715 --> 02:03:55,715
was to talk about

3016
02:03:55,715 --> 02:03:56,715
activation.

3017
02:03:56,715 --> 02:03:57,715
People just can't.

3018
02:03:58,715 --> 02:03:59,715
They would just be afraid.

3019
02:03:59,715 --> 02:04:00,715
A lot of people in the group.

3020
02:04:01,715 --> 02:04:02,715
And...

3021
02:04:03,715 --> 02:04:04,715
Now, finally,

3022
02:04:04,715 --> 02:04:05,715
there's been action.

3023
02:04:05,715 --> 02:04:06,715
So I like...

3024
02:04:07,715 --> 02:04:08,715
You know...

3025
02:04:08,715 --> 02:04:09,715
Yeah, I'm like...

3026
02:04:09,715 --> 02:04:10,715
This is like a science thing.

3027
02:04:10,715 --> 02:04:11,715
I like there to be

3028
02:04:11,715 --> 02:04:12,715
tests,

3029
02:04:12,715 --> 02:04:13,715
thumbs up,

3030
02:04:13,715 --> 02:04:14,715
thumbs down,

3031
02:04:14,715 --> 02:04:15,715
results,

3032
02:04:15,715 --> 02:04:16,715
progress.

3033
02:04:16,715 --> 02:04:17,715
If something doesn't work,

3034
02:04:17,715 --> 02:04:18,715
we refine it.

3035
02:04:18,715 --> 02:04:19,715
So I was always like,

3036
02:04:19,715 --> 02:04:20,715
we should do it with BIP-9

3037
02:04:20,715 --> 02:04:21,715
and if BIP-9 doesn't work,

3038
02:04:21,715 --> 02:04:22,715
then just do something else.

3039
02:04:22,715 --> 02:04:23,715
But instead, everyone was like,

3040
02:04:23,715 --> 02:04:24,715
we have to wait.

3041
02:04:24,715 --> 02:04:25,715
I have a few questions.

3042
02:04:25,715 --> 02:04:26,715
There's some things I don't know

3043
02:04:26,715 --> 02:04:27,715
how it would work.

3044
02:04:27,715 --> 02:04:28,715
So let's say

3045
02:04:28,715 --> 02:04:29,715
this is going to get activated.

3046
02:04:29,715 --> 02:04:30,715
Like,

3047
02:04:30,715 --> 02:04:31,715
how would...

3048
02:04:31,715 --> 02:04:32,715
What are ways for this

3049
02:04:32,715 --> 02:04:33,715
to get activated?

3050
02:04:33,715 --> 02:04:34,715
So let's say right now,

3051
02:04:34,715 --> 02:04:35,715
there's a new version

3052
02:04:35,715 --> 02:04:36,715
of Bitcoin Core

3053
02:04:36,715 --> 02:04:37,715
that has this thing on, right?

3054
02:04:37,715 --> 02:04:38,715
I download it

3055
02:04:38,715 --> 02:04:39,715
and I run it, right?

3056
02:04:39,715 --> 02:04:40,715
And then when I do this,

3057
02:04:40,715 --> 02:04:41,715
it's the same as

3058
02:04:41,715 --> 02:04:42,715
like the SigWit thing, right?

3059
02:04:42,715 --> 02:04:43,715
It's hidden in there,

3060
02:04:43,715 --> 02:04:44,715
but it doesn't turn on

3061
02:04:44,715 --> 02:04:45,715
until the network

3062
02:04:45,715 --> 02:04:46,715
activates it.

3063
02:04:46,715 --> 02:04:47,715
Oh, so this...

3064
02:04:47,715 --> 02:04:48,715
So I need to download

3065
02:04:48,715 --> 02:04:49,715
a new software

3066
02:04:49,715 --> 02:04:50,715
and there's this threshold

3067
02:04:50,715 --> 02:04:51,715
and ever since then,

3068
02:04:51,715 --> 02:04:52,715
I'm going to...

3069
02:04:52,715 --> 02:04:53,715
The transaction I make

3070
02:04:53,715 --> 02:04:54,715
from then on,

3071
02:04:54,715 --> 02:04:55,715
if I wish so,

3072
02:04:55,715 --> 02:04:56,715
I would imagine, right?

3073
02:04:56,715 --> 02:04:57,715
There's going to be

3074
02:04:57,715 --> 02:04:58,715
this different type

3075
02:04:58,715 --> 02:04:59,715
of whatever thing.

3076
02:04:59,715 --> 02:05:00,715
And is this also

3077
02:05:00,715 --> 02:05:01,715
actually going to have

3078
02:05:01,715 --> 02:05:02,715
this NOR thing

3079
02:05:02,715 --> 02:05:03,525
or not necessarily?

3080
02:05:03,525 --> 02:05:12,845
That's a good question. I don't want to say it because I don't know, but it enables
Schnorr, so I don't see, because I don't know what you meant, because about every
transaction I meant, that every transaction I make in the future, that made me
nervous.

3081
02:05:13,005 --> 02:05:14,685
I'm sorry. I just don't know what you mean by that.

3082
02:05:14,685 --> 02:05:17,005
I saw. So from that point on...

3083
02:05:17,005 --> 02:05:21,085
But you could make transactions with Schnorr after Tapper is activated.

3084
02:05:21,085 --> 02:05:29,885
That's what I meant by that. That's what I wanted to ask. Okay. Okay. Gotcha. Okay.
So when you say this, when you say this, when you say this,

3085
02:05:30,365 --> 02:05:32,845
what was the BIP-9 thing, though? What does that have to do with it?

3086
02:05:32,845 --> 02:05:43,165
BIP-9 is how everything... That's not true at all. I shouldn't even say that. But
mostly, soft forks are activated with BIP-9, which is that the miners wait.

3087
02:05:43,405 --> 02:05:49,725
It's very important that everyone activates at the same time. So they have these two
windows, these two-week windows during the difficulty adjustments.

3088
02:05:50,685 --> 02:06:03,805
And you can signal in them, if you set a little bit in the version of the block that
says whether or not you are ready to activate the new thing, whatever it is.

3089
02:06:05,165 --> 02:06:13,325
And you keep an average, you keep a count of what happened. And if the count reaches
95%, then there's a two-week grace period.

3090
02:06:14,205 --> 02:06:28,205
I may not understand, actually, all the grace periods and things, but I think I'm
saying this right. There's the two-week grace period. And then right after that, and
it may not be specified. I think it's probably specified in blocks and not in actual
weeks.

3091
02:06:28,205 --> 02:06:29,245
100% is in blocks.

3092
02:06:29,245 --> 02:06:42,685
Most people don't know. Most people don't know how to convert blocks to time, maybe.
So I'll just say it in time. So if two weeks... Obviously, the signaling is in
blocks, but I don't know about the grace period.

3093
02:06:43,005 --> 02:06:55,645
But I think it's, again, another 2016 blocks, grace period. And then from then on,
it's mandatory to enforce those rules. And if you don't enforce them, the block is
considered invalid.

3094
02:06:55,645 --> 02:07:08,605
And so the point of BIP-9 was just... There was never anything about controversy
with BIP-9. BIP-9 was just this mechanism for making sure that everyone had had time
to upgrade.

3095
02:07:09,165 --> 02:07:23,005
Because you can't call up people on the phone and ask them, because it's Bitcoin.
You don't know what's going on. You don't know who owns what. So they need some way.
So that was a simple thing.

3096
02:07:23,085 --> 02:07:32,445
And everything is... Most everything is activated with BIP-9, including SegWit,
which actually did not activate by the UASF. I mean, causality is difficult to
determine.

3097
02:07:32,445 --> 02:07:44,045
The UASF obviously did cause it to activate, but what happened was the miners gave
up right before the UASF would have forced them to signal, and they voluntarily
signaled in the period right before.

3098
02:07:44,045 --> 02:07:56,525
So it technically activated by BIP-9, but it's obviously that the SegWit threat
induced them to do that.

3099
02:07:56,525 --> 02:08:05,165
But the question is, like, this is just a signaling thing. And it seems like you
could say, like, as a miner, you could put this flag, we can wave it, but it could
be something else.

3100
02:08:05,165 --> 02:08:10,685
So it is just like a... It's just something you say. It's not something like...

3101
02:08:10,685 --> 02:08:14,685
Yes, this is what's called cheap talk in game theory.

3102
02:08:14,685 --> 02:08:15,405
Yeah, exactly.

3103
02:08:15,405 --> 02:08:24,765
It doesn't actually mean anything. But the point was, it didn't matter, because in
the past, there was no controversy. There was no reason for it. No one wanted to
miscoordinate. Do you understand?

3104
02:08:25,565 --> 02:08:39,005
All of them wanted to know, accurately, how many people were ready to activate. Do
you understand what hash rate was?

3105
02:08:39,005 --> 02:08:51,485
So there was no reason for anyone to deceive anyone, and there was no reason to
signal other than in a way that you honestly was your honest state.

3106
02:08:51,485 --> 02:08:54,925
So there was no reason to lie in the past, because there was no controversy.

3107
02:08:54,925 --> 02:08:59,965
It's the same thing when you're a kid, like, there's no reason to lie and deceive
and whatever. But as soon as you get older, you find out...

3108
02:08:59,965 --> 02:09:02,205
Well, when you're a kid, yeah, because you want to get more cookies.

3109
02:09:02,205 --> 02:09:06,445
It's the same thing with this thing. When Bitcoin was young, yeah, sure, there was
no reason to lie.

3110
02:09:06,445 --> 02:09:21,965
Yeah, sure. Something like that. Yeah, something like that. Sure. But there was
no... At some point, miners adopted the belief that if they withheld SegWit, they
could convince core developers against their will to give them some block size
increase.

3111
02:09:21,965 --> 02:09:23,325
It's a bit more complex what happened.

3112
02:09:23,325 --> 02:09:24,845
It is more complex than that.

3113
02:09:24,845 --> 02:09:39,965
I don't think the miners... I think there were a lot of people who were mining and
couldn't understand the implications of their actions. But there was someone who
ended up lobbying something to them. And they saw it as a business decision. And it
didn't understood like what that happened. And I think that's what happened with a
lot of miners.

3114
02:09:39,965 --> 02:09:54,125
Yeah, well, then something happened where the process was changed into a kind of...
It became like SegWit was set up to activate this way. And so the miner said, we
will withhold the signal.

3115
02:09:55,085 --> 02:09:55,565
Yeah.

3116
02:09:56,205 --> 02:10:01,325
And so then, then the UASF was born because people are like, well, we'll activate it
a different way.

3117
02:10:02,045 --> 02:10:02,365
Yeah.

3118
02:10:02,365 --> 02:10:15,165
So that was such a giant mess that no one ever wants to even talk about activation.
But now the point is that a new strategy has emerged. Mining pool based signaling.

3119
02:10:15,565 --> 02:10:26,205
But that's the thing, because all the nice people agree on this, right? There's not
like anything. There's no bad guy associated with this. So that's why it's easier
right now. Yeah.

3120
02:10:27,005 --> 02:10:38,285
Yeah, I don't know. I mean, honestly, I really think that most people probably have
no clue. Anything about Taproot at all, especially the people on Twitter who are
will be cheering for it to activate. You probably know nothing about it at all.

3121
02:10:38,285 --> 02:10:45,565
Did you notice how... I couldn't say I fucking know exactly what it is, right? But
anyway, did you notice how many people have like that Taproot in their name or
like...

3122
02:10:45,565 --> 02:10:47,805
Yeah, and they probably know nothing about Taproot at all.

3123
02:10:47,805 --> 02:10:51,645
Some of them do. I know some of them who definitely I think they do.

3124
02:10:51,645 --> 02:11:06,525
Probably what Bitcoin Core should do is sneak out a release or some memed thing that
has something just truly horrible in it, just to see what kind of reaction it gets.

3125
02:11:06,525 --> 02:11:17,965
If they all say, if like Greg Maxwell says, whatever is the next thing, yellow shirt
is the next big thing. And it's the best thing for Bitcoin, just to see what the
Twitter reaction is.

3126
02:11:17,965 --> 02:11:24,685
And then later on they say, okay, we were lying that it would actually cause
inflation. That would cause the network to explode.

3127
02:11:24,685 --> 02:11:35,885
I like how you always have these disastrous plans for Core. Like if you were to be
the chief whatever of Core, it would be awful. You'd add all kinds of like hash
calculators for no reason.

3128
02:11:35,885 --> 02:11:36,685
It would be crazy.

3129
02:11:36,685 --> 02:11:41,005
You just meme for the sake of memeing to see that people actually...

3130
02:11:41,005 --> 02:11:43,005
No, that's not memeing for the sake of memeing at all.

3131
02:11:43,005 --> 02:11:47,885
You are. You're just to prove people are stupid. Anyway, what else do we have here?
What else?

3132
02:11:48,845 --> 02:11:53,085
No one cares about any of these things. We actually got through a lot of it.

3133
02:11:53,085 --> 02:11:59,805
The Tavri one, I think is, that's what I decided we should start with because it was
a really interesting thing to talk about.

3134
02:11:59,805 --> 02:12:01,005
That's something to do with Bitcoin?

3135
02:12:01,805 --> 02:12:05,165
No, but it was just like a very relevant thing, like super, super relevant.

3136
02:12:05,165 --> 02:12:12,045
Well, it's weird. It's an interesting thing that even to, because there are
contradictions in the cultural position, right?

3137
02:12:12,045 --> 02:12:23,965
Like Bitcoin is preordained for victory, but we need to upgrade to the latest
technology that the Core developing team has put out or something.

3138
02:12:23,965 --> 02:12:29,325
I don't know exactly how to phrase it, but there's this tension between the idea
that...

3139
02:12:29,485 --> 02:12:35,885
I don't know, like some people say Bitcoin has the best technology, it's the best
code because the developers are the best.

3140
02:12:35,885 --> 02:12:44,365
Some people say Bitcoin is the best because it is ossified or because it is the
hardest to change.

3141
02:12:44,365 --> 02:12:50,285
And then people say other things. So sometimes there's conflict in between.

3142
02:12:50,285 --> 02:12:55,245
And now with Taproot, it's like, you know, what do we do?

3143
02:12:56,205 --> 02:13:02,205
Because we have a new thing. And then people say miners suck and they've always been
trying to kill Bitcoin.

3144
02:13:02,205 --> 02:13:04,205
And it's like, well, what do we do?

3145
02:13:04,205 --> 02:13:11,245
Yeah, I mean, I think the reason, again, people are pretty much okay. They just
don't like hardforks. That's the thing.

3146
02:13:11,245 --> 02:13:13,245
Yeah, I don't like them.

3147
02:13:13,245 --> 02:13:19,245
Anyway, you notice there was this guy who posted on Twitter and Maxwell responded to
this, by the way, your buddy.

3148
02:13:19,245 --> 02:13:25,245
It says that he spin up an Amazon web server, right thing for their whatever, to use
a node.

3149
02:13:25,245 --> 02:13:33,245
And Amazon web server, there's like some templates, you can like template VM that
has a node and everything and people make them up.

3150
02:13:33,245 --> 02:13:39,245
And this guy, apparently the image was malicious and he lost 2.99 Bitcoin.

3151
02:13:39,245 --> 02:13:41,245
Oh, yeah.

3152
02:13:41,245 --> 02:13:43,245
That's kind of a weird one.

3153
02:13:43,245 --> 02:13:47,245
That's interesting. That is crazy. Sophisticated attacks are coming on Bitcoin.

3154
02:13:47,245 --> 02:13:51,245
So not your machine, not your Bitcoin. I don't know.

3155
02:13:51,245 --> 02:13:53,245
Not your rack, not your Bitcoin.

3156
02:13:53,245 --> 02:13:57,245
Not your rack, not your Bitcoin. Not your coin. Let's make it short.

3157
02:13:57,245 --> 02:13:59,245
Yeah.

3158
02:13:59,245 --> 02:14:01,245
Not your rack, not your coin.

3159
02:14:01,245 --> 02:14:07,245
But the point is that if you look on a people's website, they have like VMs for
anything you can imagine for Jupyter or whatever, notebooks for anything you can
imagine.

3160
02:14:07,245 --> 02:14:11,245
Oh, of course. Yeah. Like I do that stuff. That's so convenient. I do that stuff all
the time.

3161
02:14:11,245 --> 02:14:15,245
But here's the thing, they don't have an SSL certificate. That's what I think was
funny.

3162
02:14:15,245 --> 02:14:19,245
So if you would have just clicked on their website, you would have been like, God
damn it, these guys don't have...

3163
02:14:19,245 --> 02:14:21,245
They couldn't like get a Let's Encrypt certificate.

3164
02:14:21,245 --> 02:14:23,245
They couldn't even get one.

3165
02:14:23,245 --> 02:14:25,245
You know what I'm trying to say.

3166
02:14:25,245 --> 02:14:27,245
That's funny.

3167
02:14:27,245 --> 02:14:29,245
I couldn't do anything for that.

3168
02:14:29,245 --> 02:14:31,245
The Let's Encrypt one. Yeah.

3169
02:14:31,245 --> 02:14:33,245
Because they don't check anything, right?

3170
02:14:33,245 --> 02:14:35,245
No, you just have to verify.

3171
02:14:35,245 --> 02:14:37,245
Can we explain this? Should we explain what we're talking about to the poor people?

3172
02:14:37,245 --> 02:14:39,245
Let me try to explain this one because it's something...

3173
02:14:39,245 --> 02:14:41,245
You know, when you go to HTTPS...

3174
02:14:41,245 --> 02:14:43,245
Yeah.

3175
02:14:43,245 --> 02:14:45,245
No, go for it.

3176
02:14:45,245 --> 02:14:47,245
You do do it.

3177
02:14:47,245 --> 02:14:53,245
I was going to say that when you see that lock there in the front of the thing, it
says that whatever you're communicating with the website is encrypted.

3178
02:14:53,245 --> 02:14:57,245
And in order to do this, you need some certificates, which is...

3179
02:14:57,245 --> 02:15:01,245
You just need a certificate, which is this thing that encrypts...

3180
02:15:01,245 --> 02:15:03,245
It's kind of like...

3181
02:15:03,245 --> 02:15:05,245
Okay.

3182
02:15:05,245 --> 02:15:09,245
When you register a domain, you have to buy it from somewhere like GoDaddy or
Namecheap or something.

3183
02:15:09,245 --> 02:15:11,245
And then you can also buy this other thing.

3184
02:15:11,245 --> 02:15:13,245
But you don't have to buy it.

3185
02:15:13,245 --> 02:15:15,245
But most people do.

3186
02:15:15,245 --> 02:15:17,245
And then it gives you a key pair, like with Bitcoin.

3187
02:15:17,245 --> 02:15:19,245
And it lets you...

3188
02:15:19,245 --> 02:15:23,245
It lets other people decode the encrypted version of the site.

3189
02:15:23,245 --> 02:15:27,245
And so then it lets you pass notes back and forth.

3190
02:15:27,245 --> 02:15:29,245
That doesn't clarify anything.

3191
02:15:29,245 --> 02:15:31,245
I know. It doesn't clarify it at all.

3192
02:15:31,245 --> 02:15:33,245
The point is that you get a certificate, which is used to encrypt data between you
and whatever.

3193
02:15:33,245 --> 02:15:37,245
And some of these certificates, you need to make sure that's a valid one, right?

3194
02:15:37,245 --> 02:15:39,245
Like if you go on blockchain.info, I remember they had one.

3195
02:15:39,245 --> 02:15:41,245
And you click on their name.

3196
02:15:41,245 --> 02:15:43,245
It says the name of their company.

3197
02:15:43,245 --> 02:15:47,245
So there's some entity that makes sure that these certificates belong to these
companies.

3198
02:15:47,245 --> 02:15:49,245
Because again, that proves it's not a malicious website.

3199
02:15:49,245 --> 02:15:51,245
It's kind of like an auditor.

3200
02:15:51,245 --> 02:15:55,245
You hire them to check up on the site to make sure that...

3201
02:15:55,245 --> 02:16:01,245
Before they give them the blockchain.info certificate, it really is blockchain.info
LLC.

3202
02:16:01,245 --> 02:16:03,245
And yeah, sometimes it does cost a lot of money.

3203
02:16:03,245 --> 02:16:09,245
But the point is that there was this initiative, Let's Encrypt, which allows you to
do these things in a free open source way.

3204
02:16:09,245 --> 02:16:13,245
And the only thing you would do, you would put something on your website to prove
that...

3205
02:16:13,245 --> 02:16:15,245
I guess it was just spam proof at the end of the day, right?

3206
02:16:15,245 --> 02:16:17,245
Or just to prove you won the certificate.

3207
02:16:17,245 --> 02:16:19,245
And they would just make one for you.

3208
02:16:19,245 --> 02:16:21,245
And it looked okay.

3209
02:16:21,245 --> 02:16:23,245
And you would get this lock.

3210
02:16:23,245 --> 02:16:25,245
So it's a really minimum effort to do there.

3211
02:16:25,245 --> 02:16:31,245
And these guys that created VMs for other people, especially Bitcoin nodes, they
didn't even want to do that.

3212
02:16:31,245 --> 02:16:33,245
They didn't even do that, which is, it is free.

3213
02:16:33,245 --> 02:16:35,245
Yeah, it is free, exactly.

3214
02:16:35,245 --> 02:16:37,245
It's 100% free.

3215
02:16:37,245 --> 02:16:39,245
I've done it a few times.

3216
02:16:39,245 --> 02:16:41,245
Two times, actually.

3217
02:16:41,245 --> 02:16:43,245
It's super simple.

3218
02:16:43,245 --> 02:16:45,245
I've only ever needed one, and I did buy mine for like $5 a year.

3219
02:16:45,245 --> 02:16:47,245
What do you have on Truthcoin?

3220
02:16:47,245 --> 02:16:49,245
What? Truthcoin has one.

3221
02:16:49,245 --> 02:16:51,245
Yeah, there's a Truthcoin one.

3222
02:16:51,245 --> 02:16:53,245
That's why I did it.

3223
02:16:53,245 --> 02:16:55,245
But for mostly, Truthcoin is the GitHub hosted.

3224
02:16:55,245 --> 02:16:59,245
But if you go to forum.Truthcoin.com, which is ancient.

3225
02:16:59,245 --> 02:17:01,245
forum.Truthcoin.info.com.

3226
02:17:01,245 --> 02:17:03,245
It's expired.

3227
02:17:03,245 --> 02:17:05,245
It's really expired?

3228
02:17:05,245 --> 02:17:07,245
Yeah, forum.Truthcoin.info, there's no, like, it's expired.

3229
02:17:07,245 --> 02:17:09,245
No, actually, just click on a link.

3230
02:17:09,245 --> 02:17:11,245
I think it's just based on, the redirect is weird.

3231
02:17:11,245 --> 02:17:13,245
Oh, it's not the HTTPS?

3232
02:17:13,245 --> 02:17:15,245
Just click on any link on the site.

3233
02:17:15,245 --> 02:17:17,245
Wait, I just went, yeah.

3234
02:17:17,245 --> 02:17:19,245
I just think the redirect is weird.

3235
02:17:19,245 --> 02:17:21,245
No, the redirect doesn't work, you're right.

3236
02:17:21,245 --> 02:17:23,245
Yeah, yeah.

3237
02:17:23,245 --> 02:17:25,245
But if you click on any link, it redirects you fine, and then you're okay forever.

3238
02:17:25,245 --> 02:17:27,245
Right.

3239
02:17:27,245 --> 02:17:29,245
But if you just typed in, like, do you know how to fix that?

3240
02:17:29,245 --> 02:17:31,245
Honestly, I don't even know.

3241
02:17:31,245 --> 02:17:33,245
I don't know.

3242
02:17:33,245 --> 02:17:35,245
Every single site works, but if you type it in the first time,

3243
02:17:35,245 --> 02:17:37,245
but then it doesn't matter, because if you try to log in or do anything,

3244
02:17:37,245 --> 02:17:39,245
it will take you to the HTTPS.

3245
02:17:39,245 --> 02:17:41,245
I don't know, can't you just fucking put a hyperlink that says HTTPS there?

3246
02:17:41,245 --> 02:17:43,245
Like, I don't know what else to say to that.

3247
02:17:43,245 --> 02:17:45,245
I don't know what the problem is,

3248
02:17:45,245 --> 02:17:47,245
because, honestly,

3249
02:17:47,245 --> 02:17:49,245
all this stuff is pretty confusing.

3250
02:17:49,245 --> 02:17:51,245
And I don't know anything about this.

3251
02:17:51,245 --> 02:17:53,245
I don't know.

3252
02:17:53,245 --> 02:17:55,245
Web servers.

3253
02:17:55,245 --> 02:17:57,245
The last activity was in 2016 on this forum.

3254
02:17:57,245 --> 02:17:59,245
I don't know if I even keep it up.

3255
02:17:59,245 --> 02:18:01,245
Yeah, yeah, I keep it up.

3256
02:18:01,245 --> 02:18:03,245
Because there's a lot of great stuff on here.

3257
02:18:03,245 --> 02:18:05,245
I also locked it.

3258
02:18:05,245 --> 02:18:07,245
I locked it for new users, because there's, like,

3259
02:18:07,245 --> 02:18:09,245
tiresome to moderate the spam and stuff.

3260
02:18:09,245 --> 02:18:11,245
So it's for...

3261
02:18:11,245 --> 02:18:13,245
But maybe I'll reopen it sometime.

3262
02:18:13,245 --> 02:18:15,245
There you go.

3263
02:18:15,245 --> 02:18:17,245
All right, show that shit.

3264
02:18:17,245 --> 02:18:19,245
I was trying to look here.

3265
02:18:19,245 --> 02:18:21,245
All right, is there anything else we have here in those things?

3266
02:18:21,245 --> 02:18:23,245
Let's just go here.

3267
02:18:23,245 --> 02:18:25,245
It was a long show, by the way.

3268
02:18:25,245 --> 02:18:27,245
This was a really long show.

3269
02:18:27,245 --> 02:18:29,245
All right, we should probably wrap it up then.

3270
02:18:29,245 --> 02:18:31,245
I wonder if anyone will like it at all.

3271
02:18:31,245 --> 02:18:33,245
Yeah, well, I don't know.

3272
02:18:33,245 --> 02:18:35,245
We don't have a thing for the end, so...

3273
02:18:35,245 --> 02:18:37,245
Okay, so happy Bitcoin Day, everyone.

3274
02:18:37,245 --> 02:18:39,245
So until next time,

3275
02:18:39,245 --> 02:18:41,245
go and do all the drugs,

3276
02:18:41,245 --> 02:18:43,245
fuck all the hookers,

3277
02:18:43,245 --> 02:18:45,245
get into trouble,

3278
02:18:45,245 --> 02:18:47,245
sling dick like motherfuckers, all right?

3279
02:18:47,245 --> 02:18:49,245
And be as outrageous as you can,

3280
02:18:49,245 --> 02:18:51,245
and sell all your coins,

3281
02:18:51,245 --> 02:18:53,245
and go trade,

3282
02:18:53,245 --> 02:18:55,245
and just be the most awful human being you can.

3283
02:18:55,245 --> 02:18:57,245
And keep slinging dick.

3284
02:18:57,245 --> 02:18:59,245
Okay, that's good.

3285
02:18:59,245 --> 02:19:01,245
Yeah, I like that.

3286
02:19:01,245 --> 02:19:03,245
All right, let me stop the recording.