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Do we need a renaissance for ideal adoption?
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It’s a Bitcoin contest. The only one that’s making your money. You listen to the Bitcoin market. >> You know what I realized? We never run we we we when I joined, we stopped running this whole podcast like a business. And what I mean by that is before I joined, you guys were taking sponsorship money. You had people pay to appear. And then I was talking with like a friend whose wife has a a YouTube channel that’s like over over 100,000 subscribers. And I was asking him like, you know, her monetizing that and it’s like mostly rappers in Atlanta. And I was like, “How do you how do you how do you monetize that? How do how are you doing that? And how much are you bringing in a year?” And he was saying that, “Oh, like people pay to appear.” And I was like, >> “Yeah.” >> Yeah. We had announcements like you like the TVP announcements which was a >> Yeah. Yeah. a pay to play show. >> I remember that. Why don’t we do that since we are broke again? >> You’re going to coordinate that? >> Uh >> well, that’s what I was building that uh Discord bot for. It’s actually ready. I have to test it and then I need somebody to audit it. >> Corey, >> in terms of okay, in terms of like for one one thing, my motivation for this, which is what keeps me doing it for over a decade, >> is not to talk to people I don’t care about. Um, and so it’s hard. Like I remember becoming like I started the announcements. I did a couple of announcements and I’d finish one and be like, “God, that was so boring.” >> You can’t ask can’t ask the hard questions. They talk about that you don’t think is >> realistic. Push back. >> Yeah. is a little more difficult to do. >> Can you just push back? Like can’t you just say I’m going to take your money set up on you? >> We could do that. I’m more open to that. >> But like we have to get something that is consistent and we can do regularly such that people want to pay to do it >> unless we just >> convince them that it’s worth it and then try to make it worth it. The biggest problem is squeezing episodes out because one, it’s it’s a it’s it’s a pain to schedule everything because everybody’s got real life stuff. And then the second thing is like editing and pushing things out on time. Like that’s the other problem that we need to solve. So we solved the first one. Just need to solve the video editing stuff >> which pay to do stuff. It’s easier to pay somebody to do that, you know, like >> right. So what I’m working on hopefully brings in some money and then we use that to pay for a video editor. I think starting with a sponsor that just is the easiest way to bring some money in because like sponsors don’t have too much of an obligation associated with them >> and you can just kind of >> set it up. I mean our earlier sponsors on the TVP were like >> had no requirements and they we didn’t charge a lot either. So like if you look back at like uh escrow my bits things like this in the early days TBP like they basically gave us like 200 bucks. Mhm. >> an episode or something like that. And he said, “I don’t care what you do. Just say my name occasionally.” >> It was much less than that, Corey. It was 15 an episode. >> Wow. Okay. >> He must have factored in this rapid inflation. >> Yeah. Inflation based, right? >> We raised the prices to 25. And I remember he was like, >> "You guys bargain." >> But no, a lot of them were more than that. We just love that guy. I think his name is Josh. But anyway, still around. >> Go ahead, Jess. Yeah, >> I was just I was just saying we should we should fix that so we have a steady stream of episodes being released. >> Yeah, if we can get one out if we can get one episode a week, then we can do a lot of we can try a lot of that stuff easily. >> I agree. I think getting to that point is tougher now where we've uh you know, life has comp life has added complexities. >> I've got more time now. recent changes to how I'm working with the IoT have given me some more more room to do stuff like that like >> another thing Jesse >> which allowed us to record more is I was doing the same thing I'm doing now just at a lower level but uh Jesse I mean not Jesse Cello and Corey would record the interviews just them two that happened for a while they did about 110 interviews like that >> where it was just them >> I guess >> it was just them doing the interview and then I would join in for the round table and then I took on an even heavier editing load because obviously I wasn't doing the interview and I would listen to the recorded interview on the plane home so I could at least know what I was talking about right like that was that was how we did it for >> I don't know two and a half to three years right >> so >> um that is another way that we managed it also cello and I had a hustle factor when we were younger uh brought on about by how much southern rap music we listened to when we were kids so We so we were grinding man. We were we were we were trying to make some money um because money is fun. So um but yeah like I mean we ran it that way just from natural need slash life at the time. Like we had time >> it worked >> and it and it worked. Like if we were to run it like a business like that again I wouldn't be against it but we need help right? We need the help of AI. We need to you know. >> Yeah, we could do it. Just takes some coordinating. >> Yeah. And then uh >> step one, get a sponsor. If you want to sponsor us, reach out >> and you can see the professionalism that happens right now and we'll talk about you sometimes. Just it'll be cheap. >> Yeah, it won't be it won't be expensive. >> First sponsor is cheap. Second one, >> we're going to pay. >> So, why don't why don't you just name out the price? First sponsor is 100. >> Price will go up next time. I don’t know for a demo of what they do. >> I was gonna say a thousand, but all right. >> A thousand. All right, fine. >> Yeah, we we’re we are distinguished now, Jesse. 100. >> My expertise 100 is five grocery items. >> I mean, I Yeah, 1,000 is is uh Yeah, I I I just threw a number. 100 is Yeah, a thousand. If thousand makes more sense, fine. So be it. Well, to the one person that was watching, if you come back, you can make comments. We'll put them up on screen. But hey, welcome to the Bitcoin podcast. This is episode 10 of season two. Uh, if you want to catch the first season, it's 400 episodes. Just go to the bitco.com and click away for a little bit of time. >> New website. What What's the What's the status on the new website? >> Um, guess just publish it. I need to I need to get the transferring the Bitcoin podcast ownership the domain over. Um, >> yeah, >> I'm working on that this week and then I could just publish website and then I'll iteratively start unleashing all the old episodes on that as well. And so, bitcoin podcast.com, we'll just move to that one and then we'll back fill it over time with all the old stuff and the new stuff. >> Okay, sounds good. Cool. >> It's but it's it's done. It's basically works. It's fine. >> Cool. >> We just make it pretty. Like, you know, it's got comments, it's got, you know, links. It's got it's got if you know how to work GitHub, you can contribute directly to it. Um >> work >> and then we just make it pretty make it do we want it to do. >> I wonder if we should like put sponsorships like tell people to create an issue in a particular GitHub repo that's called like sponsorship. >> You can use the website for that. make a section about sponsorships there and they're going to point to the individual episodes eventually, you know, like >> you can run we can keep a list of all the different uh >> what are they called? Um affiliate links, things like this we have on the website. Easy to do. >> Yeah. >> Make the link tree. We should bring it back. >> Just dump all of the information from the link tree on the website. >> Send it to me after this and I'll put it in there. >> All right. >> Cool. Hello. Um, so today we're going to talk about something a little. So when we started the show, we used to have this tagline. You guys know about it from old 2015. The tagline was adoption is the only thing that matters, right? And now we're kind of seeing what adoption looks like. And it is massively adopted. All these things are massively adopted, but it does not quite pass the field test yet. I will admit that for myself. For some reason, I was thinking in my head, some sort of micro utopia where everything looked like demolition man, the good parts, not the bad parts. Uh, and like it was like cool, like we're all using this digital currency now and everybody's got a decentralized copy of the ledger and everybody can look at things and and it's going to be dope and we're going to have this new currency system and uh levitating cars because everybody knows flying cars are dangerous. Nobody wants the bulk of society in the skies. That's just death. That's asking for reigning death. Did you hear about the new Tesla Roadster >> flying? >> Yeah. >> Announced it on Lex Freedman. >> I will. >> This is the world we live in >> where we announced flying cars on podcasts. >> Very interestingly enough, that can tie into today's conversation. So, um, well, that can actually tie in pretty well to today's conversation, actually. So, um, so Cory and I were having a discussion. We we I think I think this was from, uh, was that in your Was it from when I was in your crib? >> Yeah, you were in the house. You're in my We were in my house in the living room in my kitchen drinking Kashasa. >> And Jezie, I was like, you know, there has to be a a condition. There has to be like conditions or an environment that exists that spurs a renaissance that is like pegged or bench that's pegged by a tech renaissance, right? Like a massive acceptance of tech. >> Massive. >> We'll get there. We'll get there. >> you know, and people using tech and wanting to use new tech and getting involved in new ways of thinking and you know, like that there has to be like we have these moments of renaissance in the past and I was like, well, let's just do a good oldfashioned good oldfashioned now chat GPT deep research and see what our AI overlords have to think about it, right? like what did they think about you know these conditions and cuz I was like are we going to meet those conditions given the the current state of the world and you know we got this big research paper uh I don't know how many pages it was um but that's what we're going to kind of talk to today because we see adoption happening but I didn't anticipate it being like oh people gambling in Cash App or people gambling in Vinmo and PayPal with crypto and like every time I'm asked about crypto So, it's not about some of the cool philosophical conversations we were having back in like 2016 to 2019. It's like, hey man, do I yolo in the XRP or not? That's what I need to know from you, crypto guy. And so, I got tired of that and I'm like, well, how do you know, how do we start talking about things that push me all the way? So, >> I don't know. Um, that's where we are. And there are conditions that existed. So, there's there's several types. There's like political factors. Um then there are actual like physical constraints. That's a factor. Um there's economic conditions between trade, wealth. Uh there's a lot going on, right? Um what else do we have here? Cultural and intellectual factors and all these things kind of go into a goulash of oh we're going to have a renaissance now. So I'll shut my mouth. I guess go to you Corey. >> I didn't get to read the whole thing because it's 40,000 pages. Um well, like in the beginning the beginning of this document that we we're reading about, it's um effectively saying how to get rich people to pay for it, right? Patronage was the largest contributor to or one of the largest contributors to the the arts being created. Like at the end of the day, I think this is a general thing you need to understand is like you got to pay people. And then the question is if you want some type of cultural influence to take over, how do you pay rich people to care about that thing? How incept them to care? Like they were doing it for status symbols and then also like civic pride in their in their citystates. Um, and the difference and it happened in two different places between Italy and and and Northern Europe where Italy was kind of like a a collection of citystates that were more sovereign that wared against each other. So they actually but they had a tremendous amount of power from the amount of money they had gained by becoming the banking infrastructure for for Europe. And so they wanted to kind of compete with each other. So they and then there's this kind of lack of additional business opportunities. So they've dumped it into culture to bolster themselves as like I should be the one like I'm I'm the best at this. And then you look at Northern Europe who've maintained the kind of um centralized governance structure that previously held Italy before they overthrew it. And the structure of what Renaissance looked like is was influenced by that. It was much more focused on like reemphasizing the church, right? And so like at the end of the day, at least for the historical renaissance in the way that Chad CBT describes it, you're you have to get rich people to pay for it. Um, and it's kind of depressing. >> I mean, I've only gotten halfway through this document, but like if is it is is like >> I don't like the idea that the underpinning of all populist movements is getting rich people to pay for them. >> I mean, parallel with modern society. Look at Elon Musk. He's doing telecom. He's doing space. He's doing automotive. He's got multiple infrastructure like key infrastructure improvements in place. And you have to accept to pay for something >> like he doesn't need to be he wants to improve the situation >> to to just like for his own self-interest, right? Like whether he wants to go to Mars, whether that's real or not, >> he's addicted to building new or improving old infrastructure. It that that's that's what I see. And you see like other super elite people like Bezos, he's just copying him, right? Like if you look at Bezos, what did there was something that he recently did uh that Elon called him out and said, "Oh, copycat." What was that? >> The 100 push-up challenge, I think it was. >> No, it wasn't that. No, it was something else, >> dude. You see Bezos? Sorry. Go ahead. Sorry. >> Yeah. No, but anyway, like it's happening again, right? There's just cultural there's no cultural dump yet. >> There's I think >> that >> the thing that I see that's missing right. >> What's weird is that my hand was way out here and I noticed it didn't show in the vertical. So now I've got to do this. >> Yeah. >> Because I talk with my hands. The thing that I see was missing is that like the citystate thing, right? Like like if you look at the city states like here, hey, what's up Gupta F21? Hell of a name. Uh, so like if we look at like the city states, um, Cory just disappeared. I think his camera died. >> What the hell is going on here? >> Hey. Um, so the city states were getting popular and were getting their own value, but like if we just look in the US, like most of our states don't make anything and are kind of broke, right? So they're not going to start to develop an identity of these are what our wealthy people do because like they don't have any money, right? There's only like I don't know the top 15 20 states. So those are the only ones really making any money out of 50 states, right? So there's not going to be a renaissance here that's vivid because you know like they don't have their own little super super rich person to bat for them of things they think are are are popular. That's the biggest difference I see like here in the US that is and if that's kind of happening everywhere then it's like but what sucks is like you said Cory is like is that the only way to get true advancement is like getting rich people to care about things and it's almost like well >> I guess that is the only because it's one of >> I hate to shill but like it's one of the justifications for focusing on the idea of network states is how do you build a community that has economic power that rivals the economic power of nation states. And when you build a digital community that can have a an economy associated with it, which is blockchains, that then becomes that has that has like financial sway. And because it's not encumbered by a lot of the things that actual nation states have to deal with like defending its geology, defending its borders, having a military, then you can assert some level of influence on these types of things and and then and then influence culture because of it. Like if the idea of like if if you if in order to have a cultural revolution you need to find rich people to pay for it then then coming up with interesting ways to grow to mass wealth for the benefit of influencing culture is is something worth doing >> capitalism. The huge thing that happened that I saw at the bottom of the chat GGBT summary that that dynal states started uh fragment or I guess >> resources. >> Yeah. Well, so it was it was a labor shortage and also I think like for instance if you think about like modern day society, you need a large uh workforce at the very bottom of every society. Like if you think about the US, the fact that we, you know, are deporting a lot of immigrants, that means they're not doing the menial labor jobs of picking picking uh fruit, uh mowing your lawn, uh cleaning your houses, right? Like all the things that most people uh that are middle class and up don't want to do. You need those people. So like if you if you look at what happened during the medieval ages like feudalism imploded because you don't have enough surfs right to maintain surfom uh you just have and then you also have inheritance so people who were poor you know like I don't know how many like what was it >> 10 right so you >> that was that was how Italy was able to kind of like shuffle off like schluff off the influence of surfom and feudalism because everyone died and it didn't work. >> So, a lot of people died. The the workforce died. There's a lot of movement of uh inheriting fortunes. So, and then those people were more uh they weren't frugal. Like, if if you guys know like it it takes to to to amass some amount of money, you can't blow everything that you make, right? So, you have to be somewhat not frugal per se, but uh I don't know, >> strategic. >> Strategic. Well, let's look at the equivalent of that in today's society. Like cuz like we can't just like hope for a plague cuz everyone dies. >> Well, that was co allow it to cool. That's what's going on here. That's why it's all my camera. >> Hey. Oh, your camera's getting too hot. >> Why? >> You know what that You know that means you got to sing when it comes back, Cory. Right. Obviously, I'm too sexy for my camera. Too sexy for my camera. >> So sexy. >> Thanks for that. I'm the only one that can sing it. Yeah, it heads. That's my favorite part of that song. Yeah, it heads. Anyways, um hey, uh so Ashita would like a hello from everyone, so that'd be I I already told them hi. >> Yeah. What's up, Ashita? How's it going? >> How's it going, Ashita? >> Badass name, by the way. You definitely sound like an anime character that's about to >> charge up and do some damage to a bad guy, but talk about it for two episodes and then do it on the third episode. So, anyways, we're going to wait a second for Corey to get his stuff together. I wonder if um I I don't know if you if you uh saw this same information, but there are apparently uh like every country is continuing to develop bioweapons. Like this never stopped. Uh, apparently we have like a bio like a a bio bomb which is like a bunch of mosquitoes carrying like who knows like malaria, yellow fever, like you know just denay fever, I don't know, just random and we can we can we can drop that on major city centers and just wipe out a lot of people like the the US has this capability. I didn't know that. I didn't know that we still did bioweapons. >> I mean do a lot of things. Yeah. >> They're against the Geneva Convention, but like >> Yeah. In fact, the biggest thing that's going on right now is they're like, "Hey, we're totally not going to make robots that kill people." Wink wink wink. Like like we're the the great robot wars are upon us. They have begun already. And I hope that, you know, they don't get to Terminator 2 level. Uh not Terminator 3, one or four, five, and six, but just Terminator 2. Um, so anyways, so there's lots of conditions that that that like Renaissance is spurred from like can it happen here? I don't know. We're seeing like to me it's Renaissance or World War II. Like I feel like that's that's the two branches that we're on right now. We really don't have any in between because I mean they've got all these weapons, all these worldending weapons or country ending weapons, right? And if they if those get pulled out of the pockets of the leaders, then it's like, okay, so I guess we're just going to end the world, right? Because there's no way to go back, right? Was a mut mutually assured destruction. >> Mad. Yes. >> Uh you know, and so if we don't get that, we get a renaissance. But then I look at the arts because you know there's I have a pretty good art background. A lot of my family members art musicians and singers and stuff and you know love art. Hell stepdaughter's artist. She paints all the time. I just art is my jam. And I'm looking at what's popular as far as m music and it's like this is garbage. So like are we going to have a renaissance when it comes to the arts? Because let me tell you something. Tate McCrae is not getting in the history books. Ariana Grande not getting history books. Britney Spears, I know that's old for a lot of you guys. Not getting the history book. What's who was her name? Taylor Swift not getting in the history books. Like this art is not going to survive time, right? And so if we have a renaissance, where is the good music going to come? Where's the good film going to come from? Hell, now the theaters are are disappearing because Netflix is dominating, right? So, it's like, okay, people aren't going to go to the theaters. People aren't going to go to a live show, like a live theater, like with real Broadway actors and actresses. Um, because they're just going to stay at home and watch it on Netflix. Better the cameras get. I'll watch I'll watch I watch what call Hamilton from my living room. Greatame, >> great sound. Oh, it was exactly the same to me. Not the same. Great time. >> Uncultured swine. You can't talk about being into the arts and then tell me watching Hamilton from your couch is the same as being in a theater. >> Hey, I was moved. >> I was there. >> There's a there's also a difference between listening to music like on your headphones and then going to a concert, right? Like you would agree with that, right D? >> I absolutely agree actually. When you go live and see like true performers, it is it is riveting >> and it is different. But what is going to spur that, right? like what what what spurs these uh humanitar not humanitarian what's what's humanities what spurs the humanities again and people paying for it giving people like giving okay if we take a step back from you need people to pay for it what does that mean it means people need room people need the ability to afford time to invest into creation and they can't just spend their entire lives dredging through life just to get by. If you can't give them that opportunity to have free time to explore the things they're into and to create things based on that exploration and like freedom of expression, then you can't foster any level of like humanities, art, music, like science, any that type of stuff. You have to find ways to give people the freedom to to explore those things. Uh some say AI will potentially do that for us. And if you have some level of like universal basic income because AI is taking care of everything for you because it does it better than we can, then people have a lot of room to explore things they're into and coordinate with people and build stuff. That sounds great, but like us being able to do that well is a huge question mark. So, okay, then how do you get rich people to pay for that? If you look at the current trend of American capitalism, the rich people are getting a lot richer, but they're not paying for things to give people more time or freedom. It seems to be the opposite. >> So, I don't know, get people to pay for it in a way that gives people like find a way to give people time. I mean, if you if you I don't believe this for a second, but if you look at the narrative that people who work in robotics are trying to say is is that uh it's inevitable with AI and robots taking over a lot of the physical uh jobs that we will have abundance or we will have enough. But I don't really I don't really know that that will ever be true. Like we like to manufacture scarcity out of everything. And unless you can go to the grocery store with uh with whatever the you know the the currency is that we end up having like a hundred years from now or 20 however long scarcity. >> Yeah. Yeah. I was I was listening to a podcast like I just came back from from Spain last week uh for for a work trip and soft >> listen to podcast when I travel and Yeah. humble brag and uh I listen to podcasts on a travel and I and the one I've chose was the latest of the Lex Freeman podcast. I talked about nuclear fusion. Um >> Jessie Q. >> And so I am a a physicist. I have a PhD in physics and I've studied the knows physics and how the universe works. And so our sun is a fusion reactor. Um but up you know our ability to recreate that like the only reason anything exists because the natural way we create energy is through fusion merging hydrogen's into heliums. Uh and we have yet to be able to harness that type of energy creation here on earth. So if you think about nuclear nuclear energy it's through fision meaning you have a large atom that splits into two and a bunch of extra energy. Uh fision is a much safer way of doing this and it's the way in which most the universe works and we're on this precipice of being able to do it sustainably and economically and that you can build fision reactions in a way that gives us almost unbounded free energy. I am reluctant to believe that we won't try and over scarcify this type of thing because like the resources are there. If you can make it stably then we just have unbounded energy. But like the way in which human nature is doesn't feel so good. Like I'm I'm I'm I'll believe it when I see it because like there's no physical reason why we can't do it. And if you can do it, you literally have unbounded energy. But >> did you did you see did you see that there was like some sort of interview with uh whatever the guy that the physicist that always goes on Joe Rogan's podcast he was talking about howinstein >> yeah that one that one Eric Weinstein >> he was talking about like some something in like the 1960s the department of energy like started uh hiding like research uh that was related to uh was it fision or fusion? >> Uh 1960s. >> Yeah, >> probably both. Um, once you have it, it's a lot of energy. Uh, fusion fi fision is harder. It's a >> it's a it's a it's a run. It can be a runway reaction. So, you have to control it. And if you can't control it, well, then it can run away and blow up. That's why you have nuclear meltdowns. >> Uh, fision is different. The moment you remove the source, it stops. And so, like if something if like if a meteor hits a a a fision nuclear reactor or generator, then uh it just turns off. Nothing happens. with vision, not fusion. >> With fision, sorry, fusion. Fusion, it just turns off. Fision, you have a meltdown. It's a runway reaction. >> Energy. >> Yeah. >> What happens if you split two large atoms? >> That's what that's how fision works. It's a runway reaction. So the the splitting of like uranium is splits into two different atoms and then uh beta cells and then like the energy release of the beta cell hits another uranium atom and causes that to split. So it's this chain reaction that explodes really fast. Um and then with each each one of those fisionions of uranium allows it to basically like have this runaway huge explosion that happens really really fast. And this E= MC² mass difference of um atoms it splits into in the original uranium is such that it's incredibly amount of energy. when you do the opposite effect. So like so when you go from an unstable large thing to two small things, it's unstable and you have to do it in a chain reaction kind of way where one thing then change the rest of the whole thing to do and so you run out of energy. >> Most modern uh nuclear plants are fision based, right? >> No. >> Yes. Yes. Yes. Yes. All all nuclear things that we have. Yeah. All nuclear reactors are fusion based >> because fusion fusion is the type of research that Einstein was saying well he's saying that they hit the department of energy hit. >> Yeah. So like we're we're like on the precipice of having doing it sustainable. We've been able to do >> nuclear fusion for a while. The problem was containment the output output of energy >> was effectively kind of so yeah the kind of the amount of energy it took to contain the reaction >> was such that the output of the actual fusion was less than the energy it took to just contain it right like running the magnets that hold this thing in place. We've gotten better and better and better at interesting switching technologies and holding this plasma in place in such a way where like the output like we can we can make a ton of fusions happen and the >> downstream output of energy is larger than what you're putting into it and then it becomes stable and becomes just basically think of free energy. >> I thought containment was an issue right because >> containment means that we can we can hold the thing in place so that more and more fusions are happening and that requires a lot of energy right >> we're close we're like we're like here. Oh, okay. Oh, okay. >> According to this podcast from Lex Freedman, go check it out. It's awesome. >> But anyway, like all the the point was that like we may have this thing where we have free energy, but like you just said, it's this artificial creation of scarcity of resources. >> I just saw MIT did a tweet yesterday and they literally said, "The problem with solar energy is it makes energy too cheap. It almost goes negative sometimes. So, how are we going to make money?" And I was like, "Damn, man." I was like, "What? I why can't we just have good things? I guess we can't cuz we got to get people to pay for stuff. And that is what it boils down to, right? So, I don't know, renaissance or war, but more specifically, how does a renaissance equal there being a currency system that is better than the one that exists now that is never going to solve all the problems? But >> I mean, if you can if you can reasonably convince people that like participation in these systems gives them freedom to explore things they're interested in and they're not locked like chained in for life to some job they don't like. And you to actually build infrastructure and structure for them to do that where they feel they feel the benefits of like getting paid for participating in communities they care about, then you can do something. I just I don't think you can do it one way, right? You have to do it in a way that like each individual community can do it their own way and it works together like we have, you know, automated uh market makers and dexes and infrastructure to provide price discovery from one community's asset to another. I can I can transfer >> Bitcoin to Ethereum. I can I can swap I can move networks in the way it works today and I don't need someone to tell me that price. It's an automated price discovery. And so we have built the kind of primitives, the prototypes to be able to do this. It's about scaling it and make it easier to use. >> Yeah. Does it get to the point where instead of city states, we have corporate states where like each corporation is going to have a stable. We >> already have that. >> And that stable coin is Yeah, I know. But like >> bucks >> Exactly. Right. They had to create a new they had to create a new category of money because of how many Amazon gift cards were out there. Um, but how does it reach society? Like people don't think about these things on an everyday basis. Like nobody's thinking about like oh like did you know you can live off of Amazon gift cards? Like nobody's like what? Huh? Cuz that's not a thing in the US, >> right? Yeah. Exactly. That's not a thing in the US, but is it a major thing anywhere? Like I think it was a major thing a few places, but means they avoided taxes by paying all the people in call centers with Amazon gift cards. >> But we have like we have like examples of this working in crypto like P like purse.io was built off of this and it was pretty sustainable for a long period of time. I think Amazon just ended up changing some stuff that didn't allow them to operate as fast so they relied on centralized infrastructure. Mhm. >> But like purse.io is an example of like a lot of people who are willing to work for these types of credits. >> Does purse exist anymore? I feel like it doesn't. >> No, I think >> there was also another one. It was more like a warehouse. I don't remember what that one was called. >> Purse.io. >> Great things coming soon. >> That's not exist anymore. >> Oh, they bought they got bought out. They sold out. >> They got botbot. They were like, "Nah, we got to get out of here, right?" But I don't know. So there's some other there's some environmental and epid ep epid epid ep ep epidemological epidermiological >> epidemiological factors as well. So there was climate change, which is a big one again. Um, plague, demographic shifts. Like climate change to me is ironic because it's like, damn, boy, have I heard that word a whole hell of a lot. Um, in my in my shoe for my few short years, my 40 years on the planet, I've heard climate change come up quite a quite a bit. And we're now starting to actually feel some ramifications of this rapid climate change that we've caused, right? Like storms are getting stormier, hot's getting hotter, cold's getting colder. How does this shift things from a resource standpoint that is going to affect um people to to leap into a new renaissance? I don't know. the for the for for this research paper, this specific one, it talked about how there were like I guess long winters um in Europe, which changed the kind of food that they could make, you know, changed the harvest, right? Um and then right after that, there was the bubanic plague, the black plague. Uh pretty racist nomclature, but we're not going to go there. Um the bubanic plague, >> and it was it was black. Yeah, it was. It was like Hold on there, buddy. No. Um, but you know, there's nothing >> America in slavery, so it's it's fine. >> Yeah, it was way before then. Uh, Jesse, are you doing a science experiment over there over your shoulder? How do your light get so bright? >> I'm looking for monitor turned on. >> Looking for marketplaces that are still standing that you can spend crypto with because a lot of them are out of business now. >> Perfect. That could be a bit like hold on let me look into my magic box. >> I mean there's a lot of places. What do you mean by marketplace? What's your definition here? Is it like like a bizaar like Amazon? >> Most VPNs you can spend crypto. >> Dude, that's just one thing. What if I want to buy milk? >> Okay. Uh what was the one that had uh it was one of the earlier adopters? >> That's the one I'm trying to remember. That's the name of Overstock. >> Overstock. Overstock. >> I don't think that exists anymore. Overstock.com certainly exists. Uh, >> it's still here. This is the one crypto. >> I don't know if you can use crypto with it. >> Can you >> Did we interview that dude and is number two? >> Yeah, we interviewed all those people back then. >> Damn. Overstock is still think looks like J C Penney. >> It does. It really does. >> Who accepts crypto? 250 plus stores by Bit Pay. >> Let's see. Home Depot. You can buy furniture, apparel, >> IKEA. >> Wait, what? You can pay for >> crypto and IKEA. >> You can use crypto >> anywhere. >> What does Home Depot take? Everything >> according to this. Yeah, I'm looking at it. >> Dude, Coinbase Commerce even has it now to where to buy a Home Depot gift card with crypto. That's not >> This flew way under the radar. But do you know what Stripe has included in their API now is like you can take dollars and get crypto >> directly go directly >> as a as a business. Stripe included that in their docs now. They included that I guess in the text stack. So now you have options with any with any item that you sell. You can go in and line item that I'm going to take dollars for this but I'm going to get paid in Bitcoin. >> Right? They they made the two-way connection of that. That was actually really big news. I wanted to talk to you one of our shows. But the reason I thought it was big is because now as you if you're a business, if you're a big business, you can go through your margins and if you're having a really good year and you want to stack some schmemeckles, you could take some of your like middle third products and you can have them automatically go for crypto, right? So you can take you can take on the the risk of holding crypto by accepting it automatically and you know you're going to get a good profit already. So you can take some of that profit and you can save it in crypto, right, to get prepared for when there is a crypto boom and you're like boom, I you can automate that as a business now, small, medium, and large. And I thought that was a really big deal and it it slipped under the radar. But I was really excited about that because that kind of is helping close that loop between, hey, are people, if I'm a merchant, I don't have to take your crypto. It's tough on me to take your >> I just want dollars or I just want euros. But now I can go in and I can customize it and I can take your euros, but you don't even know I'm getting dollars on the back end or sorry your euros. I'm getting Bitcoin on the back end. You you as the the customer are, you know, none the wiser. Thought that was a big deal. Are we co coordinating getting somebody on the stage? >> Yeah. Yeah. So I'm gonna I'm gonna add them. >> All right. You have been added >> with audio only. long time listener, first- time caller. >> Hi. >> Hello. >> Can Can you guys hear me? >> Yeah. Yeah, we can hear you. >> Okay, I have to turn my camera on just >> I'm I'm I'm trying to buy something on Overstock now. >> Apparently, I was looking at these other other merchants and they um >> don't allow for like they you buy gift cards. I think you buy gift cards like on Home Depot and IKEA. >> Yeah. >> And then use those gift cards at the store obviously. But that's not direct. I guess it's kind of direct. >> Even I'm wondering like if I buy this from >> Remember we called Burger King? >> No. Did Do you guys do that? >> We straight up called Burger King on the show and asked about it and that Yep. Just some random one. Where where was that? Where which one did we call? I have I have no idea. No idea. >> Like the the Burger King employee had no idea what we were talking about, but like it's just some article we read. I don't know. Like >> It was hilarious though cuz they were like, "Yeah, man. We take it. We gift cards. We take all that." And I was like, "No, no, no. I'm not talking about bitcoins, man. I'm talking about like Bitcoin. I'm not talking about gift cards. I'm talking about Bitcoin. Can I come in and pay with Bitcoin?" They were like, "What? What are you talking about?" And it was just it was a really cool episode, but it did open like the floodgates of um yeah, you could just be on auto. In fact, we'd actually prefer it. >> But um it did open the floodgates of the conversation is like damn, we are really far away from adoption. This would have been in 2015 when we did this towards the tail end of 2015. >> Um but yeah, it was a long way. Now, we can call we could probably call a business and they would say like, "Uh, >> no, we don't. We don't take that. We're never going to." But >> I didn't know this, but Steak and Shake has a promotion where you can pay in Bitcoin, uh, using Lightning Network, and you just scan the QR code provided at the restaurant to pay in Bitcoin. And then also they have a promotion where you get 5 in Bitcoin if you upload the receipt to the Fold app after purchasing a Bitcoin stake burger or Bitcoin meal >> some cash app type thing. >> Personal finance powered by Bitcoin. >> No price. >> That looks like Cash App or Venmo or any of those. >> Oh, they have like you get a debit card. It’s like crypto.com but like >> it’s like it’s like what lawn try to do I bet you get a card you tie account to it they surveil the out of you. >> Yeah. >> What’s up? >> Yeah man. How are you guys doing? >> Good. How’d you find us? I was just scrolling YouTube and I was just and I just saw this and I was like why just they’re talking a very you know important things and I’m like why there is zero viewers in there and I’m and then yeah I just saw and when I started chatting yeah I was so nervous you know >> what was that was that last question was that a question or was that like a statement >> no I am I that’s a statement I was just really nervous to join you guys because like oh god I said no >> okay well thanks for wanting to join the conversation >> you said it’s important we’re talking about important stuff what’s important to you >> I think uh crypto is something which is really important to me because I invested a lot um in my mind I I think two years ago I my father told me like he asked me if you want to buy an iPhone and all and I’m like uh like just invest in iPhone stocks instead of instead of phone and then two years later now I have an iPhone I have a Mac and I have some stocks and I think I’m really happy to invest in cryptos and these stocks politics stuff and uh I believe that every student should know these financial literacy things and in India it’s really rare but like when we go when we go on YouTube and find people doing stuff and we just got so motiv and we’d love to talk about it. So, yeah. >> So, what is the state of crypto? Oh, go ahead. Go ahead, Jess. >> No, I was just going to ask I was just going to ask. So, you you invested some money in stocks or in crypto and then you were able to buy even more things. Ah, okay. I see. And then like in terms of like what how did you how did you get the crypto that you had or the stocks that you got access to? Like what app? >> We have apps here. We have so many apps here. I mean there is one uh grow app. I think it’s popular in world. >> Yeah. And uh I think that’s one of the most I think that was the one of the most I used because u I I mean I invested in other ones and I also got a lot because obviously if you are investing in these kind of things you will also got you will also lose something right. So I think um here in grow app uh it’s one of the best app I’ve ever used and you know uh they have this kind of AI thing where they analyze the whole situation and then they predict the next uh situation and you can just invest related to that by analyzing your experiences and the company’s experiences. So, I think it’s one of the best app. >> It looks a lot like our Robin Hood app that we have here in the US. >> WW. >> Yeah, exactly. You guys uh invest in dollars, we invest in rupees. So, that’s the difference. >> Do you have access to uh international >> rupees are dope though exchange? >> We can use paper. Yes, that’s yes, this is the >> this is the app we use. >> Interesting. So you guys you guys had an app just like us? I think everybody has their own app. It’s like regional but you know so so do people talk about crypto a lot in India or is it just like one of those things that’s kind of similar everywhere? >> No, nobody talks about it. I mean people just uh I don’t know they just flex that they know and when it comes to spending on it they’ll be like no I don’t want to spend here I don’t want to do that here but I think um >> but I think people should do this people should invest because it will honestly I think it will grow our economy not in India but I think in the world if you are investing in other companies multinational companies I think it will help them and you as well. So, I think we should help each other out by investing in this kind of things, >> man. We’ve been preaching to that choir since 2015. >> Yeah. How do you teach people to like make good decisions, right? Because like you said, if you make if you do it kind of halfhazardly, you end up losing all your money and then you’re So, like how do you how do you how do you foster some like good investing? So there’s this thing there’s a paragraph of like if you have 10 save two or three and spend four and like whatever it is remaining just invest in the in your in anything. So I used to get pocket money from my parents and I used to invest that much amount in there and I used to save the like it’s it’s a basically it’s a graph you know you have to invest some amount not everything you have and because it’s risky as well not I’m not saying that it’s not it’s not risky at all you can just put it because if it was easy everybody would be doing it it’s not easy it’s it’s it was it is never easy to analyze the market to invest in the market so So I think um you should know the graphu of how much money you are investing, you are saving and you are spending. So that is the main thing when you are into this money stuff. >> She over here spitting fire. >> I like that. Wait. So if you got 10, save two, spend four, invest with the rest. >> Yes. >> Not financial advice. not financial advice. Yeah, we have to say that you’re going to have to say that too because I don’t want you to face any litigation. So, you might want to say, “Hey, this is not financial advice.” >> All those listeners coming at you. >> Yeah, sure. Yeah, sure. I mean, uh, like we used to have some financial literacy class, but teacher used to get be like just do whatever you want to do. I’m just going to sleep in the class. So, we used to watch YouTube in the class and we used to learn by ourselves. So me and my friend group got into this stuff like really deep into this stuff and yeah my parents are happy that at least at the age of 19 I’m getting to know all these stuff and I’m saving money at the age of 19 and I’m doing these kind of stuffs and saving their money as well. I mean I’m in this situation that I can even pay my own school fee but also not by working. So I think it’s the best thing ever happened to me. So yeah. Wow. >> My sister is in a similar position where she saved and invested a lot of the pocket change, I guess, that my parents gave her over the years, as well as working uh, you know, during summers or or whenever she wasn’t in school. And yeah, she has she has like twice as much money I I had at her age, >> which is kind of crazy to me. But yeah, >> getting people to realize this behavior at an earlier age is so much better because they have the kind of >> freedom to explore and learn the hard lessons early when they can recover from them. >> Yeah. Uh, and it’s something like this that give people opportunity to do that. Like if you and then when you really experience the tangible benefits of it where like you said, you bought stocks, you wanted an iPhone, >> but instead of using the money to buy your iPhone, you bought stocks and then the stocks growth ended up in a situation where you now have an iPhone, a MacBook and stocks. You’re like, “Oh, wow. This is powerful if I do it right.” And so like then your focus is on how do I do it right? My father just asked me like if you want to buy an iPhone I can give you money then just buy it. And I was like just give me money and I’m going to give you then just see me in two years you’re going to you’re going to see an iPhone and so many things. They was like okay I’m challenging you to do so and I just got >> I I won. I’m happy. >> Oh awesome. Well thank you for you know swinging by today. We we live stream from time to time. I can’t say it’s always at the same time. No, but we we >> just gonna have to ding the bell as they say and subscribe and so you’ll know when we go live. And you >> I already did it. Don’t worry. I have already did it. I mean uh I was just scrolling YouTube. I I’m like I’m not I’m never active on YouTube. I’m telling you. I’m only active on Instagram and stuff. And today I just randomly started scrolling on Instagram and I just saw you guys live and you guys talking about solar energy and stuff and I was really into it and then you guys started talking about crypto and I’m like I have to join you guys right now. >> Well, thank you for joining. >> Thank you. >> Thank you sir. How do we uh boop and scaboop? >> That was fun. >> That was cool. That was good. Good. Good call. Cool. Good call, Jess. Even though Cory was like, I’m not about that life. >> You got to bring people in. They if they’re >> I agree. I was wrong, >> dude. The live stream is kind of cool on StreamYard now. It like shows you top comments. It shows you if they’re on the phone. It shows you if there’s questions you need to get at. Like, hats off to Streamyard. You guys are doing a good job. You’re going to get bought soon. You know, I think they’re just they got they got >> they have multiple they have multiple products and a really good team. Like Bending Spoons is actually an impressive company. >> They uh they got a they got pretty good competition with Reream though. So I think that like that that competition is fueling the feature development because you see that each of each of them ones keeps adding the same things the other ones build and they’re almost like identical products. But I mean I think there’s room for multiple products. >> No. Yeah. multiple rooms on the cereal aisle for different kinds of sugars. >> Um, so we did get a little bit off topic when it comes to the Renaissance thing, but that’s just kind of what we do. If this is your first time listening, hey, welcome to it. We start talking about deep stuff, we get into light stuff, we go we go we go kind of all around. Um, but you know, it was it’s cool to kind of try to think deeply about crypto still given that it’s been here a decade and we’ve seen so many changes. we see um what’s coming down the pipeline with everybody kind of leaning into privacy and I know there’s a lot of you who are well into crypto and have been for years. You’re like rolling your eyes like oh now now we’re talking about privacy. You mean not >> because Zcash and I think it has to do with the Ethereum. Okay, you’re right. Cash no maybe started this way and if they swung into >> 100% a bunch of crypto and Twitter in influencers were like you know they got into Zcash probably around200 mark because that’s when they started shilling super hard or before then and then like uh what was it? It was token 2049 when Bellagi and uh a few others Naval uh were talking about privacy is important Zcash and then boom that’s what set everything off. Yeah. >> And it’s the new narrative, right? But if you’ve been in crypto for any longer than the shake of a dog’s hind leg, you’ll know. Or is it shake of a dog’s tail? >> Tail. >> Oh, hind leg. >> Shake of a dog’s tail. >> They don’t all have tails. Well, they do all have tails. Some have the little nubs, >> stunted. >> They get snipped. >> It’s docked. >> Shake of a dog’s tail. Uh, crypto has these new narratives that it grabs on to from time to time to keep the keep the market healthy. Right. Right now it’s privacy. There’s no telling what we might see a new recurring of privacy uh privacy. What are those things called? Uh NFTTS, baby. They’re going to start combining narratives. They’re start >> Well, you don’t know. Find out on the next episode. The big >> No, no. Well, um we got a wrap. It’s been about an hour. Uh thank you all for who did tune in live to check out the show today. Um should we post the link to the like uh to the research paper, >> right? Like why not? >> Yeah, it’s not a it’s not a research paper. It’s a tragedy >> AI research. >> Uh for most normal people, this is what you would consider a research paper. >> I think we’re I think we’re degrading the word research. >> Yeah, let’s do that as well. >> Oh, my bad. >> It is a sourced article. I’m not trying to hurt anybody’s feelings. >> I’m a researcher. it’s just >> out here. Uh, published researcher >> with a patent. >> Are both of you guys publish patented researchers? >> Correct. >> I have a patent. I don’t think Cory has a patent. >> My bad. I don’t mean to hurt y’all’s feelings, but y’all are a very small percentage of the population. >> Bitcoin. >> The the larger percentage of the population is like, let me Google this real quick and go to the second page. And that’s their research. >> I did my research. I went up I went to Facebook and asked people. >> No, I talk about research. >> Three different search engines. No. Um, you know, if you’re interested in that reading is it is kind of interesting to see what spurred uh the renaissance in Europe and in some other places, right? And is is that going to happen globally so that we do get this adoption which I call ideal adoption. Right? We see all kinds of adoption. We just saw grow.in. Beautiful app. Looks just like Cash App, Vimmo, PayPal, all of them, right? That’s adoption, right? Just gambling maybe. No. But anyways, um so let’s wrap up this show. What do we talk to next? Next, you’re just going to have to tune in to find out. Uh right now, we’re going to give a shout out to uh old long neck wide smile, Zoe Sana. She’s got a new movie coming out where she plays the large blue alien again, but it’s probably a grandma this time. So, we’re going to see what that’s about. >> You’re getting older. You might like that >> hot blue alien gilf action. Uh, uh, shout out to Jesse and I’s old Dow, dad. Oh my god, >> dude. That that still gets hits. >> Really? >> Privacy >> privacy. That’s where we get our money, Jesse. >> Dad. >> it, >> dude. >> Let’s full launch Dad Dow. Let’s get some money. >> Dad Dow. We’ll do uh uh Cockstrong, which is the project I was going to do. >> Yep. And then also anime fee feet pics. That’s that new hotness. You guys don’t know anything about that. >> NFT anime feed pics. >> Yep. Uh shout out to Alien Earth. Great show. Hope you guys catch it. Not a sponsor. Um, shout out to >> Discord’s abs. Oh yeah, go to the discord. Uh, you’ll fe you’ll see it in the in the in the show notes hopefully if I remember to put them in there. Uh, you can you can follow us on uh Apple podcast, Spotify, all the places where podcasts are going. And lastly, shout out to Ahmad. We miss you, bro. We hope to see you soon or hang out with you soon. Uh, peace and play the outro. >>