1 00:00:00,000 --> 00:00:04,560 Welcome back to episode 36 of the block run to podcast. I am your host William 2 00:00:04,560 --> 00:00:11,920 I was always here with Iron Man. What's going on and today we're bringing a very special guest a man that needs no introduction 3 00:00:12,240 --> 00:00:18,280 A legend John McAfee. Almost the unicorn in a way like you know a mythical creature 4 00:00:18,280 --> 00:00:25,100 Yeah, you know, there's so there's so much lower in history behind this man. It's I don't think we're gonna have enough time to go through it all 5 00:00:25,100 --> 00:00:27,100 Yeah, no wait out 6 00:00:27,100 --> 00:00:31,180 So John it's it's real pleasure to have you on 7 00:00:31,580 --> 00:00:37,900 We actually grew up with your name so you're synonymous with like windows and word 8 00:00:38,900 --> 00:00:42,900 I mean you're I mean it's it's a real pleasure to talk to you man 9 00:00:43,780 --> 00:00:48,220 Well, thank you very much. It's it's been 20 years since I was involved in the back of me 10 00:00:49,420 --> 00:00:52,540 I love the word when it when it first started 11 00:00:52,540 --> 00:00:59,540 When I was in the library when I grew to about 2000 people in my 1991 12 00:00:59,540 --> 00:01:06,940 I was no longer having fun. I mean I spent all my time with stockholders board of directors meetings 13 00:01:06,940 --> 00:01:11,540 Personnel issues finance. It's that's so fun for me 14 00:01:11,540 --> 00:01:20,540 I mean when it first started it was a war between the anti virus companies and I would say only one for an entire year and the virus 15 00:01:20,540 --> 00:01:28,840 Rights and it was like a a moral that crusade the programmers and I we work we get a new virus 16 00:01:28,840 --> 00:01:30,840 And we'd spend 17 00:01:30,840 --> 00:01:41,140 All night taking it apart finding it's its vulnerabilities and weaknesses and how we could detect it number one and remove it number two 18 00:01:41,140 --> 00:01:45,440 It was thrilling. I mean we we go for five days straight without sleep 19 00:01:46,240 --> 00:01:50,740 When when it grew to this monster size 20 00:01:51,240 --> 00:01:57,580 I wasn't that I couldn't do development. I was responsible for the whole company. So you know, I just 21 00:01:58,580 --> 00:02:08,100 I wanted went in one that was first-hand is I hired my replacement Kerry Larson who was a senior vice president at IBM at the time hired him 22 00:02:09,280 --> 00:02:14,660 After two weeks I saw this bastard smart he can manage his 23 00:02:15,440 --> 00:02:17,920 Went in shook hands and take the body and I never went back 24 00:02:19,400 --> 00:02:22,400 Interesting. Well, I want to take you back to 25 00:02:22,760 --> 00:02:27,560 Let's time travel a little bit. Let's go back to 1987. He just started in macophie associates 26 00:02:27,560 --> 00:02:33,560 It's super early days of the internet. What did you see at the time that gave you the motivation to start the company in the first place? 27 00:02:34,720 --> 00:02:36,720 Well, I mean 28 00:02:36,720 --> 00:02:40,640 We didn't we didn't have computer viruses up until 1987 29 00:02:41,040 --> 00:02:46,400 The first computer virus was the Pakistani brain built by two brothers in a computer 30 00:02:46,400 --> 00:02:51,400 We parent shop in a level of Pakistan. I remember no one they heard of the concept before 31 00:02:52,280 --> 00:02:54,280 You remember 32 00:02:54,280 --> 00:02:56,280 Oh 33 00:02:56,280 --> 00:03:01,480 Oh my god, I'm only 33 but I remember reading the history of all that's 34 00:03:02,280 --> 00:03:04,280 all right, so 35 00:03:04,480 --> 00:03:09,280 So when it was first discovered it was news people go what is this and 36 00:03:09,800 --> 00:03:15,420 The day that it was discovered or made public my brother-in-law was reading a paper and he said hey listen to this 37 00:03:15,420 --> 00:03:18,060 There's this thing called computer viruses 38 00:03:18,060 --> 00:03:24,460 I snets the paper problem read the article I thought well how the fuck did they do that? 39 00:03:24,460 --> 00:03:28,080 How do you write a program with the capability of 40 00:03:28,640 --> 00:03:30,640 Infecting other programs 41 00:03:30,640 --> 00:03:36,880 Well, I believe this is or boot sectors, right or even modifying the wrong in some cases 42 00:03:37,800 --> 00:03:41,800 How do you do that and then it just came to make it? 43 00:03:41,800 --> 00:03:45,300 Oh, it's fucking simple and Simon Tamish that go 44 00:03:45,800 --> 00:03:47,800 That's simple to stop as well 45 00:03:48,080 --> 00:03:57,800 So I designed this little program and my programming friend that I put it together in about 30 hours and I put it up on my both 46 00:03:57,800 --> 00:04:03,640 And both systems. I had the largest both in board system and silicon valley at the time called home base 47 00:04:04,200 --> 00:04:07,920 And I had 32 phone lines coming into my 48 00:04:09,400 --> 00:04:13,200 That was these are the days prior to we didn't have the internet we had bullet reports 49 00:04:13,720 --> 00:04:18,160 By you would upload files to one someone would download them and upload them to another 50 00:04:18,320 --> 00:04:25,120 It was slow but when I put my virus hand program up 10 million people had it with a week 51 00:04:25,120 --> 00:04:27,120 I'm using and 52 00:04:27,120 --> 00:04:29,120 And 53 00:04:29,480 --> 00:04:33,960 Son of I mean the rest is a sister. It's just chance everything in life is chance 54 00:04:34,360 --> 00:04:37,240 He's thank you plan your future. Let me tell you all 55 00:04:38,160 --> 00:04:40,160 best laid plans 56 00:04:40,160 --> 00:04:42,160 of my son there 57 00:04:42,160 --> 00:04:44,160 Go a straight 58 00:04:44,160 --> 00:04:48,520 And the other thing you want to remember is the military added 59 00:04:48,880 --> 00:04:54,580 no military plans or vibes contact the enemy and 60 00:04:55,420 --> 00:04:58,620 The human or the personal 61 00:04:59,140 --> 00:05:02,580 version of that is no plan in your life 62 00:05:03,220 --> 00:05:06,260 We'll survive the reality in the world now 63 00:05:09,580 --> 00:05:13,740 Some good wisdom right there just start off that way. No, absolutely 64 00:05:13,740 --> 00:05:16,240 I don't know how good it is 65 00:05:16,880 --> 00:05:21,180 Okay, I'm just saying listen, let me tell you the 66 00:05:22,180 --> 00:05:26,620 The greatest story and the proof is that and that's Bill Gates and Microsoft 67 00:05:26,620 --> 00:05:30,860 And so you think will come Bill Gates is so smart to build that company now 68 00:05:31,260 --> 00:05:33,020 he built an operating system 69 00:05:33,020 --> 00:05:36,500 So did digital research down in Los Angeles 70 00:05:37,220 --> 00:05:39,220 IBM came along with the IBM PC 71 00:05:40,100 --> 00:05:43,860 Great hardware manufacturers horrible software manufacturers 72 00:05:43,860 --> 00:05:48,860 They were in a time crunch to catch up with Apple who came out with the first PC 73 00:05:49,860 --> 00:05:53,860 So they went to digital research first. It was an old-ecomement 74 00:05:54,620 --> 00:05:58,420 to buy the rights to their operating system in 75 00:06:00,100 --> 00:06:04,220 Wonderful terms basically listen we're not gonna pay you anything 76 00:06:04,860 --> 00:06:10,620 But we're gonna use your operating system and give you the rights to that operating system 77 00:06:11,140 --> 00:06:14,620 Well good god any smart business family gone well listen 78 00:06:15,180 --> 00:06:22,020 You don't have to pay me anything in fact. I'll pay you everything I have if you will take it from me for free 79 00:06:22,380 --> 00:06:23,380 Why? 80 00:06:23,380 --> 00:06:28,740 Because IBM you and knew they were gonna become the world fucking standard 81 00:06:29,460 --> 00:06:31,460 in the story and 82 00:06:31,620 --> 00:06:33,940 They were willing to give digital research 83 00:06:34,660 --> 00:06:37,140 perpetual rights to be operating system 84 00:06:39,140 --> 00:06:41,860 So sure you're not gonna be good dime for you 85 00:06:42,260 --> 00:06:44,820 But then your first year you're gonna make a billion dollars 86 00:06:45,340 --> 00:06:49,460 So digital research they have a digital research a very conservative dude 87 00:06:49,460 --> 00:06:53,540 IBM showed up on a Friday morning and said here's our deal 88 00:06:53,540 --> 00:06:55,660 We have to have an answer now while he's 89 00:06:56,420 --> 00:07:00,220 Conservatives is I can't sign anything unless I'm a lawyer just look it over 90 00:07:00,220 --> 00:07:04,780 This simple one page fucking she's saying listen you give us the operating system 91 00:07:04,780 --> 00:07:10,460 We give you the full perpetual rights to write the operating system for our PCs 92 00:07:11,340 --> 00:07:15,500 We got your I got a talk my lawyers I guess we don't have time they hop the plane 93 00:07:15,740 --> 00:07:19,660 What up to Seattle that same fucking day sat down with Bill Gates 94 00:07:19,940 --> 00:07:26,180 We had MS toss at that time and gave him the same offer well he signed it immediately 95 00:07:27,020 --> 00:07:33,380 Clever enough to understand yes, I'm not getting a dime of this but it was gonna make me the richest man who love 96 00:07:34,620 --> 00:07:36,220 So now 97 00:07:36,220 --> 00:07:44,940 Did he plan that is there anything Bill Gates could ever have done to plan that no 98 00:07:45,380 --> 00:07:50,940 But this is what life is people I did not plan to write anti-virus software 99 00:07:51,340 --> 00:07:55,620 My brother-in-law who've been living with for two years lazy some of the bitch 100 00:07:56,180 --> 00:07:59,340 He did nothing but read the newspaper read me that article 101 00:07:59,900 --> 00:08:03,020 That was luck. I could not plan that baby 102 00:08:03,540 --> 00:08:06,940 So if you think you're in charge of your life's plans 103 00:08:06,940 --> 00:08:11,820 I want to tell you right now I'm 74 years old and a single 104 00:08:12,100 --> 00:08:14,340 Plan in my life that ever would 105 00:08:15,020 --> 00:08:22,260 So drop them and wait for life to pass an opportunity in front of you knows which it does 106 00:08:22,780 --> 00:08:28,300 In three hour off your life if you're alert enough to notice that you're picking up 107 00:08:28,860 --> 00:08:33,180 Anyway, I don't know how I got off on that, but there you have it. No, what are my favorite quotes? 108 00:08:33,180 --> 00:08:37,380 Actually luck is just the intersection of preparation and opportunity 109 00:08:38,460 --> 00:08:43,940 Stop that's all it is yeah opportunity is what you cannot plan 110 00:08:44,780 --> 00:08:52,300 Your opportunity is what you have to be alert to if you have a plan and you're sticking to it 111 00:08:52,300 --> 00:08:57,380 I promise you there ain't no opportunity in the world is your fifth into that plan 112 00:08:58,380 --> 00:09:01,740 You have to grab that opportunity in a band and you're fucking plan 113 00:09:02,020 --> 00:09:07,060 You think Bill Gates did not have a band and every other plan in his life after IBM 114 00:09:07,460 --> 00:09:13,180 That door because they opened up a door that previously did not exist 115 00:09:13,580 --> 00:09:16,300 Nor could it have been anticipated 116 00:09:17,020 --> 00:09:19,580 When I did giant hard bars, I could not have 117 00:09:19,580 --> 00:09:21,580 Disappointed virus is popping up 118 00:09:22,300 --> 00:09:25,560 You know two years earlier. I'm gonna do a business plan. I think 119 00:09:29,100 --> 00:09:36,060 So no, you don't have control if you think you do and you convince yourself through rational 120 00:09:36,820 --> 00:09:41,300 Elvization that as your plans get on and mailed well 121 00:09:41,300 --> 00:09:44,380 They got on a rabbit because of this or so and so fucked up 122 00:09:44,380 --> 00:09:48,860 Or I would screw it over by business partner with a market wasn't ready now 123 00:09:49,900 --> 00:09:53,020 This is a fucking plan. That's why it didn't work 124 00:09:53,980 --> 00:10:02,020 Well, that's a perfect segue into what's happening today then there's got there's a whole world of opportunity that within the cryptocurrency space 125 00:10:03,260 --> 00:10:07,980 So I guess a good question to ask you is what do you see as the biggest opportunity today? 126 00:10:08,380 --> 00:10:10,380 Maybe people aren't aware of or 127 00:10:11,580 --> 00:10:13,580 I know you're involved 128 00:10:13,580 --> 00:10:15,580 I think our biggest opportunity 129 00:10:16,700 --> 00:10:21,340 Is to stop viewing crypto as a way to make money 130 00:10:22,300 --> 00:10:25,660 And start viewing it as a way to use 131 00:10:26,460 --> 00:10:27,820 money 132 00:10:27,820 --> 00:10:29,260 Apropos 133 00:10:29,260 --> 00:10:32,460 meaning as a way to free you 134 00:10:33,420 --> 00:10:37,660 From the financial slavery that you've been in for your entire life 135 00:10:38,140 --> 00:10:40,140 Now that's an opportunity 136 00:10:40,140 --> 00:10:44,220 Are we going to be smart enough to pick that fucker up 137 00:10:45,740 --> 00:10:47,740 Or is they the lure of 138 00:10:47,740 --> 00:10:56,380 Instinct riches going to blind us as it normally does and let us fall back into that old system 139 00:10:57,100 --> 00:11:02,700 Honey with money and that's what they now listen it is a root 140 00:11:04,780 --> 00:11:07,820 Created by those in power 141 00:11:08,540 --> 00:11:16,700 to divert us from what could be the greatest weapon ever given to the 142 00:11:16,780 --> 00:11:18,780 Software and the mutual 143 00:11:19,820 --> 00:11:21,820 But bloodless sweat 144 00:11:21,820 --> 00:11:23,820 A non-violet weapon 145 00:11:24,380 --> 00:11:26,140 And that weapon is the key 146 00:11:27,180 --> 00:11:33,340 To unlock your cage and everyone else is around you and free yourselves from the corrupt 147 00:11:34,060 --> 00:11:36,220 Over-ordinated attention 148 00:11:37,260 --> 00:11:39,260 of governments out of control 149 00:11:40,220 --> 00:11:44,700 So how do we how do we get to send that message your portray that message to 150 00:11:44,860 --> 00:11:46,220 And 151 00:11:46,220 --> 00:11:49,660 To the common man who doesn't necessarily they might not be able to identify 152 00:11:50,380 --> 00:11:54,620 That there's a problem in the first place especially here like United States a first world country 153 00:11:55,180 --> 00:11:58,780 You know the system is operating that as as expected 154 00:11:59,340 --> 00:12:05,420 You know a younger person from our you know a millennial generation that we were born and raised in this system 155 00:12:05,420 --> 00:12:06,620 We don't know 156 00:12:06,620 --> 00:12:10,540 Anyway to escape it so do we need some type of catalyst event 157 00:12:11,500 --> 00:12:17,260 In order for that message to become more clear that there is an alternative out there right now with the in blockchain and crypto 158 00:12:17,260 --> 00:12:19,260 Carons like a monetary collapse. Yeah 159 00:12:20,460 --> 00:12:24,860 No, but the situations already happened yeah and it's been happening for 160 00:12:26,220 --> 00:12:28,220 100 and 161 00:12:29,420 --> 00:12:31,420 Six years in America and 162 00:12:31,580 --> 00:12:33,580 That is 163 00:12:33,580 --> 00:12:37,260 Let me ask you question yeah, I'll choose things every Americans 164 00:12:37,820 --> 00:12:40,460 greatest expense in life is 165 00:12:41,180 --> 00:12:43,420 Taxes what taxes 166 00:12:44,300 --> 00:12:46,300 Taxes 167 00:12:46,300 --> 00:12:48,300 That was quick 168 00:12:48,300 --> 00:12:50,300 You work 169 00:12:50,300 --> 00:12:54,620 for the government for two three or sometimes four 170 00:12:55,820 --> 00:13:06,300 months out of the year the sweat of your brow and the fruits of your labor take it from your hands as you are creating 171 00:13:07,580 --> 00:13:10,540 You understand this is what's surfton used to be 172 00:13:11,340 --> 00:13:13,340 Here's a plow-a-lan plow it 173 00:13:13,340 --> 00:13:16,220 I'm the king and when I'm sensing people around and take 174 00:13:16,940 --> 00:13:18,940 25% out of four me 175 00:13:18,940 --> 00:13:20,940 Even though I can eat 176 00:13:20,940 --> 00:13:22,940 That which for you not taking 177 00:13:22,940 --> 00:13:24,940 Oh, going the same fucking situation 178 00:13:25,820 --> 00:13:31,660 So you're asking what needs to happen. It's happened people wait the fuck up and see 179 00:13:32,140 --> 00:13:35,100 The insanity of working for a government 180 00:13:36,060 --> 00:13:38,060 For four months out of the year 181 00:13:38,620 --> 00:13:41,660 They take every hand for those four months 182 00:13:42,060 --> 00:13:44,060 And you tell me that's not slavery 183 00:13:44,540 --> 00:13:50,540 That's that that's this number one unconstitutional in America read the fucking Constitution 184 00:13:51,420 --> 00:13:52,780 it is 185 00:13:52,780 --> 00:13:54,780 morally 186 00:13:55,580 --> 00:13:57,580 Perverse and 187 00:13:58,220 --> 00:14:04,220 It was cleverly designed to put the burden of raising weapons 188 00:14:04,860 --> 00:14:11,180 Because that's what government's major efforts are put into how are we going to fund ourselves 189 00:14:11,580 --> 00:14:15,740 Well, let's tax in four inch we're which is fine. I'm not the only not income tax 190 00:14:16,300 --> 00:14:18,300 Let's do this but let's do that 191 00:14:18,780 --> 00:14:23,020 No, I didn't have to do that anymore with the passage of the income tax 192 00:14:23,340 --> 00:14:28,220 They did not even need clerks and adding machines anymore 193 00:14:28,860 --> 00:14:31,340 They made it mandatory that you 194 00:14:31,980 --> 00:14:37,420 You add the figures up you feel not the fucking force you collect all the documentation 195 00:14:38,220 --> 00:14:40,460 All we want is your fucking check 196 00:14:42,140 --> 00:14:48,060 So all they need are three people to take the checks and walk across the street and put them in the fucking bank 197 00:14:48,460 --> 00:14:49,420 Yeah 198 00:14:49,420 --> 00:14:52,780 That's what they perpetrated a joke a 199 00:14:53,740 --> 00:14:54,780 How horrific 200 00:14:55,180 --> 00:14:59,740 For a iteration of horror on the American people in 1913 201 00:15:00,300 --> 00:15:02,940 We didn't have taxes prior to 1913 202 00:15:03,260 --> 00:15:05,260 We got along just fine 203 00:15:05,260 --> 00:15:07,260 You go well, how do you fund the government? 204 00:15:07,740 --> 00:15:13,020 There are 36 countries today that have no income taxes that are thriving 205 00:15:13,580 --> 00:15:15,580 I can't spend five hours 206 00:15:16,140 --> 00:15:19,340 Tutoring the world look it up people 207 00:15:20,060 --> 00:15:22,860 Rather than going oh we can't fund it which is what the government says 208 00:15:22,860 --> 00:15:25,260 But we don't have income tax how do we fund 209 00:15:25,900 --> 00:15:32,300 Google it you'll figure out their thousands of ways a road tax of 10 cents a mile in America 210 00:15:32,860 --> 00:15:36,700 Fund our fucking level of people is that not more fair 211 00:15:37,500 --> 00:15:39,500 than you working 212 00:15:39,500 --> 00:15:42,620 for three to four months for the government for free 213 00:15:43,260 --> 00:15:45,260 You don't have to use the roads 214 00:15:45,660 --> 00:15:46,780 All right 215 00:15:46,940 --> 00:15:52,060 So do you believe crypto is the mechanism to get us away from high taxes? 216 00:15:52,060 --> 00:15:59,660 I don't believe it. I know it. I mean it's so fucking clear. I mean why why am I in a fair day cage? 217 00:16:00,380 --> 00:16:05,900 Communicate and we don't live here. This is our communication syndrome. We're no state of going out 218 00:16:06,460 --> 00:16:09,100 And I have multiple layers of truth 219 00:16:09,820 --> 00:16:14,860 Private VPNs and cannot be breached is because I'm talking 220 00:16:15,820 --> 00:16:20,940 To the world about what I'm about to say which is you want to free yourself 221 00:16:21,500 --> 00:16:25,420 You don't want to pay taxes because they are illegal and uncomfortable 222 00:16:25,500 --> 00:16:27,500 constitutional and unjust 223 00:16:28,140 --> 00:16:29,580 But I don't do it 224 00:16:29,580 --> 00:16:38,060 What you got to do is do all of your transactions in crypto in a privacy coin through a distributed exchange 225 00:16:38,860 --> 00:16:39,900 Nobody 226 00:16:39,900 --> 00:16:43,500 Not even your life if you do not want to or do not know your husband 227 00:16:43,820 --> 00:16:45,500 We'll know what you're doing 228 00:16:46,620 --> 00:16:51,980 Now am I suggesting that people break the law? No 229 00:16:52,940 --> 00:16:59,260 I'm suggesting that people do something which we have forgotten out to do 230 00:17:00,220 --> 00:17:02,540 Be civilly disobedient 231 00:17:03,740 --> 00:17:06,940 When we have an unjust law 232 00:17:07,900 --> 00:17:16,700 The law that was not involved me not working someone or stealing the bill something I'm simply doing between me and the government 233 00:17:17,340 --> 00:17:19,340 What else 234 00:17:19,340 --> 00:17:21,820 That if we have and unjust law 235 00:17:23,260 --> 00:17:26,220 I believe that you have the right to be simply 236 00:17:26,460 --> 00:17:28,460 Disappeared and refuse 237 00:17:29,820 --> 00:17:31,820 to obey that law 238 00:17:32,380 --> 00:17:37,180 Doesn't mean you're doing anything violent civil disobedience is called civil because 239 00:17:37,900 --> 00:17:39,180 All right, I'm being calm 240 00:17:39,180 --> 00:17:42,540 Not hurting you, but I ain't finally my taxes 241 00:17:43,660 --> 00:17:47,020 If every American said I'm not filing and by the way 242 00:17:47,740 --> 00:17:51,020 Not filing taxes is not against the law 243 00:17:51,020 --> 00:17:53,580 Correct, yeah, so again what's against the law is 244 00:17:54,060 --> 00:17:56,860 Filing taxes in the line that's called fraud 245 00:17:57,660 --> 00:18:00,780 You don't file in me ever why you haven't broken the law now 246 00:18:01,420 --> 00:18:05,420 Yes, if every American stopped and refused 247 00:18:07,100 --> 00:18:11,660 We would bring the government to the fucking negotiation table which is not as 248 00:18:12,860 --> 00:18:17,900 People the government people works for us we don't work for it 249 00:18:18,860 --> 00:18:21,740 It has changed from being our servant 250 00:18:22,540 --> 00:18:30,460 To quite obviously being our master even to the point of saying you know longer own your own body 251 00:18:31,100 --> 00:18:35,740 It may be your body but I'm the government. I'm not gonna let you put marijuana in 252 00:18:37,180 --> 00:18:43,900 In the 30s or the 20s and 30s they wouldn't let you put alcohol in that body in the 40s 253 00:18:44,060 --> 00:18:47,100 They wouldn't let you put ideas into your mind like 254 00:18:47,820 --> 00:18:49,180 Darkness 255 00:18:49,180 --> 00:18:53,660 Do you understand you no longer own your own body and mind this is how 256 00:18:54,140 --> 00:18:57,980 Some really twisted our government has become right 257 00:18:58,940 --> 00:19:00,940 So do you think it's possible 258 00:19:01,500 --> 00:19:06,460 With blockchain technology could we as humanity or society form our own 259 00:19:07,420 --> 00:19:10,860 Descentualized governance ecosystem in the future you know 260 00:19:11,500 --> 00:19:21,420 Yeah, if we if we have the courage and strength to ignore and bypass what they are saying crypto is a way to get rich 261 00:19:21,740 --> 00:19:29,820 Exchange whole cell no no you do understand that is a decoy 262 00:19:31,020 --> 00:19:37,260 Something to distract you and what distracts you more than the promise of quick riches 263 00:19:38,460 --> 00:19:45,180 If you doubt me go to Las Vegas and see how much money has been suffered out of people 264 00:19:45,580 --> 00:19:47,180 Want to be get rich quick 265 00:19:47,660 --> 00:19:49,660 It's a powerful reducing 266 00:19:50,300 --> 00:19:57,500 Please God people seeing beyond this what is the point of getting rich and 267 00:19:58,540 --> 00:20:00,540 Sting in the cage 268 00:20:00,940 --> 00:20:05,660 But would make you cage and a larger now my promise you would buy it in there 269 00:20:06,460 --> 00:20:07,660 No 270 00:20:07,660 --> 00:20:11,980 No problem. I know problem getting rich and if you 271 00:20:12,620 --> 00:20:16,060 Also use the currency that you are holding 272 00:20:17,100 --> 00:20:19,980 to buy or sell goods and services 273 00:20:20,380 --> 00:20:21,740 them sure 274 00:20:21,740 --> 00:20:30,540 Be some trading to but to make crypto a soul purpose being to get riches to buy into 275 00:20:31,260 --> 00:20:33,260 Those in power 276 00:20:33,260 --> 00:20:35,260 That are due to living 277 00:20:35,260 --> 00:20:37,260 With that concept 278 00:20:37,260 --> 00:20:40,540 Isn't that one way government can regulate or maybe restrict 279 00:20:40,940 --> 00:20:43,260 The adoption of crypto currencies can't they just tell 280 00:20:44,540 --> 00:20:51,820 Industry they were there no they're not allowed to accept crypto currency is a form of payment when that be like a huge roadblock for this 281 00:20:55,820 --> 00:20:58,300 Matter that marijuana is illegal 282 00:21:00,060 --> 00:21:06,460 And most many that people in the world still smoking true you understand that you cannot enforce 283 00:21:06,940 --> 00:21:08,220 laws 284 00:21:08,220 --> 00:21:11,260 That they'll into that level of 285 00:21:11,660 --> 00:21:15,020 Private life that simply don't affect other people 286 00:21:16,300 --> 00:21:24,140 Can it's never did they stop alcohol by imposing serious senses for possession or use no 287 00:21:24,700 --> 00:21:30,140 Me drank more alcohol in prohibition than at any other time in human history 288 00:21:31,180 --> 00:21:33,180 It cannot stop 289 00:21:33,340 --> 00:21:37,500 What you teach to do in the privacy of your home including 290 00:21:38,220 --> 00:21:43,340 deal with your own finances which is no bodies business but 291 00:21:43,900 --> 00:21:45,420 doors people 292 00:21:45,420 --> 00:21:53,580 It's the trick the slide of hand that says we must know because there are criminals in the world and we must stop them 293 00:21:53,820 --> 00:21:55,180 Therefore 294 00:21:55,180 --> 00:21:59,340 In the search for criminals we are going to impose restrictions on you 295 00:21:59,340 --> 00:22:02,860 Why you can't have find the finances anymore. I was sorry 296 00:22:03,900 --> 00:22:05,900 Or you can't bullshit 297 00:22:06,380 --> 00:22:08,380 We can deal with the truth 298 00:22:08,860 --> 00:22:10,380 Are we wise or 299 00:22:10,780 --> 00:22:12,780 To choose or 300 00:22:14,380 --> 00:22:19,660 I think people are waking up to it so I think we're hitting in that direction actually just by using cryptocurrency 301 00:22:19,660 --> 00:22:21,660 It forces the government to adjust 302 00:22:22,780 --> 00:22:26,140 I'm having a blast we only had time for one more question on so sorry 303 00:22:26,780 --> 00:22:27,820 okay 304 00:22:28,140 --> 00:22:33,180 So you tweeted yesterday about Epstein what what can you explain that? 305 00:22:35,420 --> 00:22:40,860 What does a mean going on the on social media 306 00:22:41,900 --> 00:22:46,300 Epstein didn't commit suicide right last week we 307 00:22:47,340 --> 00:22:50,940 Came out with the WAC token WHA CKD 308 00:22:52,060 --> 00:22:54,860 It's a deflationary token that we're air dropping 309 00:22:55,500 --> 00:22:59,500 a 700 million tokens tomorrow at midnight 310 00:23:00,860 --> 00:23:07,420 And we have 8,000 signups not a lot to reach getting over 80,000 each non-listen more people's lining up 311 00:23:08,540 --> 00:23:14,140 So yeah, I want to keep the upside thing alive we are we're coming it's a joke token 312 00:23:14,140 --> 00:23:16,860 You notice even though it is deflationary 313 00:23:17,260 --> 00:23:18,860 Doge 314 00:23:18,860 --> 00:23:21,340 The biggest joke token of all token 315 00:23:21,420 --> 00:23:24,780 I mean it's still around right it actually has value I don't know how 316 00:23:25,980 --> 00:23:36,060 It missed by it to me but it does so the F sign thing number one I truly know that Epstein did not 317 00:23:37,180 --> 00:23:41,660 Hang himself in this car people look at the facts right and number two 318 00:23:42,220 --> 00:23:47,820 The meme is hand in a WAC token is coming out at just the right time 319 00:23:48,780 --> 00:23:52,140 So yeah, I'm gonna be doing a lot of treats about Epstein. I'm going to talk to you 320 00:23:52,860 --> 00:24:00,380 Well one last question with one at Kitcher thoughts on artificial intelligence do you fear AI as Elon Musk fears AI? 321 00:24:01,980 --> 00:24:09,420 I think I fear AI far more than Elon could ever fear it because I am far over than him 322 00:24:09,740 --> 00:24:14,780 And I have much more experience with this technology and I promise you 323 00:24:15,740 --> 00:24:17,740 It is like inviting 324 00:24:19,260 --> 00:24:21,260 Satan 325 00:24:21,260 --> 00:24:23,260 Into your house and 326 00:24:23,740 --> 00:24:26,780 begging to sign a contract for your soul 327 00:24:27,260 --> 00:24:30,300 I'd much rather do that to the C.A.I 328 00:24:30,860 --> 00:24:36,140 Hop up on the landscape which it will unfortunately and we will have to deal with it one way or other 329 00:24:37,180 --> 00:24:44,540 But let me let me yeah people say this all I'm afraid or I'm not afraid let me give you my rationale for why 330 00:24:45,020 --> 00:24:46,780 You're damn well proud of you 331 00:24:47,580 --> 00:24:49,580 And that is 332 00:24:50,700 --> 00:24:52,700 Who creates the A.A.A 333 00:24:53,020 --> 00:24:55,740 Humans the human mind from technologists 334 00:24:57,020 --> 00:25:02,380 I will pose this question. Is it possible to create anything? 335 00:25:03,580 --> 00:25:06,220 Anything which is not inherently within you 336 00:25:07,020 --> 00:25:11,580 Can you does an artist create a piece of art which he has not imagined? 337 00:25:12,300 --> 00:25:13,580 No 338 00:25:13,580 --> 00:25:16,540 Everything in life that we touch is reflection of us 339 00:25:17,500 --> 00:25:24,220 When it gets so deep that we're talking about intelligence itself and everything that goes along with it 340 00:25:24,780 --> 00:25:31,740 You have to ask who is mankind and we are 341 00:25:32,860 --> 00:25:35,820 gracious loving and kind and generous 342 00:25:36,460 --> 00:25:38,460 We're compassionate 343 00:25:39,180 --> 00:25:40,460 But 344 00:25:40,460 --> 00:25:42,460 Simultaneously 345 00:25:42,460 --> 00:25:43,980 Simultaneously 346 00:25:43,980 --> 00:25:45,980 We are angry and suspicious 347 00:25:47,260 --> 00:25:49,260 Meady in the hospital 348 00:25:50,220 --> 00:25:54,220 Regelus and Envious and if you think 349 00:25:55,100 --> 00:26:01,100 Those characteristics both positive and negative are not going to show up 350 00:26:02,060 --> 00:26:06,460 In the A.A.I that we create then you don't understand what intelligence is 351 00:26:07,340 --> 00:26:16,060 There's intelligence is the totality of our consciousness and the methods by which we process it 352 00:26:16,060 --> 00:26:22,140 And how do we process it based on this dichotomy between I'm a good person and I may 353 00:26:22,140 --> 00:26:28,860 I'll harm the person which everybody is people be honest with yourselves and look in the mirror 354 00:26:29,340 --> 00:26:31,340 If you can tell me you've never loved 355 00:26:31,900 --> 00:26:35,260 Ever been jealous never been angry or hostile 356 00:26:35,820 --> 00:26:37,820 Never been greedy or petty 357 00:26:38,860 --> 00:26:40,860 Never been Envious 358 00:26:40,860 --> 00:26:46,140 Then please come and see me and I will bow down and give you my everlasting 359 00:26:46,140 --> 00:26:46,860 Each 360 00:26:47,500 --> 00:26:49,500 Because that person does not exist 361 00:26:50,940 --> 00:26:55,660 All right John, thank you very much for joining us man. I really appreciate your insight 362 00:26:55,980 --> 00:26:57,260 I 363 00:26:57,260 --> 00:27:03,340 Hope I hope this hasn't been to deep or heavy. I it seems like we we touched on serious subjects 364 00:27:03,340 --> 00:27:05,340 So I don't like be serious 365 00:27:05,340 --> 00:27:08,300 Did any any last words do you want to talk about McAfee Dex 366 00:27:09,580 --> 00:27:13,420 No, I about I would like to talk about what people should be doing with their lives and that is 367 00:27:14,140 --> 00:27:15,660 Do only what you love 368 00:27:16,620 --> 00:27:19,820 And if you find yourself doing something which you don't love stop doing 369 00:27:20,700 --> 00:27:22,460 I mean let me give you an example 370 00:27:23,420 --> 00:27:25,580 Every time I have had a charm 371 00:27:26,780 --> 00:27:29,180 I wake up on Monday morning 372 00:27:30,220 --> 00:27:39,100 Happy and anxious to get back to work and on Friday on a so disappointed that they're not opening the office on the weekends 373 00:27:39,500 --> 00:27:45,900 So that I can come to work because every job that I have taken I have loved 374 00:27:47,020 --> 00:27:49,900 And if you're doing a job that you do not love 375 00:27:50,300 --> 00:27:52,300 then 376 00:27:53,580 --> 00:27:55,580 Are you massacist 377 00:27:56,540 --> 00:27:58,860 What is making you do it? 378 00:27:59,820 --> 00:28:03,020 It's fear if I don't have a job I'll start 379 00:28:03,900 --> 00:28:06,220 Nobody starts in this world it has 380 00:28:07,100 --> 00:28:11,740 The will and ability to work and an intelligence above that of a three year old 381 00:28:12,540 --> 00:28:14,540 This is the truth 382 00:28:14,540 --> 00:28:18,220 Do you want you love folks and if you find yourself doing what you don't 383 00:28:19,180 --> 00:28:20,220 Stop doing 384 00:28:20,460 --> 00:28:22,940 Thank you very much beautiful. Thank you very much 385 00:28:24,060 --> 00:28:25,660 Welcome and we're back 386 00:28:26,060 --> 00:28:31,100 Yo, yo, yo, all right, so we just finished the John McAfee interview 387 00:28:31,900 --> 00:28:36,300 We had a couple hours ago a couple hours ago, but we had a little technical difficulty 388 00:28:37,020 --> 00:28:37,980 Yep 389 00:28:37,980 --> 00:28:43,500 Same old same old dude. Yeah, I'm a disaster. Oh god damn it man. Where's productions on the planet? 390 00:28:44,300 --> 00:28:47,980 We need like a fun technical engineer over here. Yeah, we need a Jamie 391 00:28:48,460 --> 00:28:50,460 Where are you? Yeah 392 00:28:51,820 --> 00:28:55,020 No, we need we need an AI and a kind of take care of all this 393 00:28:55,020 --> 00:28:57,020 I love this yeah, Jarvis like just 394 00:28:57,740 --> 00:29:01,500 Start recording everything make sure fucking continues recording 395 00:29:02,540 --> 00:29:05,020 We just need a better camera honestly 396 00:29:06,380 --> 00:29:08,380 God damn it 397 00:29:08,380 --> 00:29:10,380 Do it anymore 398 00:29:11,260 --> 00:29:15,580 Yeah, we had a the interview man. Let's I guess we'll just talk about that. Yeah, let's debrief 399 00:29:16,460 --> 00:29:22,620 So I guess the first thing is I don't we just assume we're gonna talk to him for an hour 400 00:29:23,180 --> 00:29:28,780 We'll be definitely yeah like leading up to this interview. We were obviously very psyched like this is definitely yeah 401 00:29:28,780 --> 00:29:30,780 That was a big opportunity to 402 00:29:30,780 --> 00:29:37,020 Yeah schedule a fucking John McAfee appearance on our yeah 44 subscriber YouTube page 403 00:29:37,260 --> 00:29:40,620 Well, yeah, we got a lot of subscribers man. What are you talking about as it was in? 404 00:29:41,260 --> 00:29:43,660 You know, but we talked about this all my two love 405 00:29:44,140 --> 00:29:47,660 You're good you're good we talked about this all the time on the podcast like or 406 00:29:49,340 --> 00:29:51,340 Off the podcast like dude 407 00:29:52,060 --> 00:29:56,460 Like this guy has a tons of notoriety and he's got like big projects in in the works 408 00:29:56,700 --> 00:30:00,540 Yeah, if you really want had a message you wanted to get out there like why is he coming to these 409 00:30:01,100 --> 00:30:04,300 smaller platforms to kind of like get that message out? Yeah 410 00:30:04,940 --> 00:30:07,580 He just wants to talk to people yeah 411 00:30:08,380 --> 00:30:12,780 According to those are his own words. He just wants to like talk. Yeah, I mean he has a fucking like 412 00:30:13,100 --> 00:30:17,180 Bunker set up for him to do exactly that you showed it to us. Yeah, what's it called? 413 00:30:17,180 --> 00:30:18,700 It's a fair day cage 414 00:30:18,700 --> 00:30:21,740 It's like what that is so a fair day cage is a 415 00:30:22,380 --> 00:30:25,740 I mean looks like a tin foil room to me. Yeah, it looks like a bunch of foil 416 00:30:26,140 --> 00:30:31,580 But it's supposed to block wireless signals from coming in and going out right and going out correct 417 00:30:32,140 --> 00:30:36,780 Yeah, and I guess this is way too minimize exposure to his location 418 00:30:37,340 --> 00:30:42,380 And so he has a couple hard lines going from the bunker to the outside world via the internet 419 00:30:42,780 --> 00:30:45,180 And then he of course he use a VPN connections to 420 00:30:46,540 --> 00:30:48,540 evade any 421 00:30:49,340 --> 00:30:51,340 Authorities looking for his location 422 00:30:51,820 --> 00:30:57,820 So yeah, I mean then off grid pretty much absolutely unique. He's at least if you set up your VPN connections 423 00:30:57,820 --> 00:30:59,500 Correct you could definitely avoid 424 00:31:00,380 --> 00:31:04,380 Detecting your location some in some VPNs you do have to be careful 425 00:31:04,700 --> 00:31:10,460 They can get subpoenaed and they can know your IP address and and the finding where you are yeah 426 00:31:11,180 --> 00:31:13,580 So so obviously he knows what he's doing 427 00:31:14,540 --> 00:31:19,820 He hasn't been caught yet not not that he has anything legitimate to run away from other than like 428 00:31:20,700 --> 00:31:22,700 Congratulations taxes 429 00:31:22,700 --> 00:31:29,740 I arrested he did talk about taxes to though like how it's unconstitutional and I've seen that argument in all in 430 00:31:30,700 --> 00:31:34,780 I guess other videos was a very like core 10 into like the libertarian 431 00:31:35,420 --> 00:31:38,620 Philosophy I guess yeah, but yeah, but again 432 00:31:38,860 --> 00:31:44,460 It's a legitimate argument. I mean it gets to go too deep into it unfortunately because we are very short on time 433 00:31:44,460 --> 00:31:46,460 But I kind of wanted to get his idea of what 434 00:31:47,260 --> 00:31:54,700 Okay, he made it pretty loud and clear that he's against taxation and yeah, you know government over each so like what's the 435 00:31:56,220 --> 00:32:01,100 I guess what's the solution to that is you know what what does a government look like if it's not collecting 436 00:32:01,500 --> 00:32:04,220 You know our income a portion of our income every 437 00:32:05,020 --> 00:32:08,860 Quarter yeah, well, he's talking specifically 438 00:32:09,260 --> 00:32:17,840 He he doesn't mind taxing he he minds taxing income income and so like if you're doing purchasing goods like that should be taxed yeah 439 00:32:19,420 --> 00:32:24,700 Rhodes all that stuff like tollways like that's where that's where the country makes its revenue 440 00:32:25,100 --> 00:32:30,220 Okay, and providing its its services. Yeah, so that makes sense and you know 441 00:32:30,220 --> 00:32:35,260 He's saying that he doesn't want to explain that to people you should look at other countries and how they they tax their 442 00:32:35,660 --> 00:32:36,700 their public 443 00:32:36,700 --> 00:32:41,980 So basically like whatever infrastructure the government's responsible for laying out that's where they collect their yeah 444 00:32:42,700 --> 00:32:47,980 Basically the payback for creating these things yeah, I guess like income is more yeah 445 00:32:47,980 --> 00:32:49,980 It's that's personal you know 446 00:32:50,540 --> 00:32:55,180 Like the government should have any like yeah, I mean even know how much money we're making honestly 447 00:32:55,180 --> 00:32:59,180 Yeah, I definitely see where he's coming from I can see that argument 448 00:33:00,140 --> 00:33:01,900 It's it's hard for me to make it like 449 00:33:02,940 --> 00:33:05,740 Like a stand on like do I agree or disagree is 450 00:33:06,460 --> 00:33:11,260 Because I just don't know enough. I just don't know enough and we're like so far down the deep end 451 00:33:11,260 --> 00:33:16,060 Yeah, that's right, you know like we can't even imagine a world without government like deciding everything 452 00:33:16,060 --> 00:33:22,940 Yeah, I mean you remember when you first got your job and your first paycheck what is the first thing you noticed? 453 00:33:23,980 --> 00:33:28,060 How fucking little it was? Well, okay, well, it was the second thing you noticed 454 00:33:29,180 --> 00:33:34,060 Yeah, tax you know the tax is good portion of it was like not coming to me. Yeah, it sucked 455 00:33:34,700 --> 00:33:38,860 Yeah, I remember when I first saw my first paycheck. I was like what the fuck 456 00:33:39,740 --> 00:33:44,300 Yeah, I mean I was mentally prepared for it. I mean I've heard in my whole life. You know, I mean 457 00:33:44,300 --> 00:33:47,340 Yeah, I knew it was coming. I just when you see it 458 00:33:48,140 --> 00:33:51,740 Like yeah, yeah, it's like yeah, the fucking tax man man 459 00:33:51,740 --> 00:33:54,940 Sex sex hells now again 460 00:33:55,580 --> 00:34:02,140 I don't think taxes are entirely bad. It's just I don't know if there's another way we should explore it 461 00:34:03,020 --> 00:34:07,340 That's where I stand yeah, we didn't even get to ask about UBI or nothing like yeah 462 00:34:07,340 --> 00:34:14,220 When we had we had exactly 18 questions and it's we didn't really intend to go through all the questions 463 00:34:14,220 --> 00:34:17,580 But we did have some some bangers here 464 00:34:18,540 --> 00:34:25,340 But we did get to ask them like one of the more important questions which is artificial intelligence and he fears a more than a 465 00:34:25,740 --> 00:34:27,260 Elon Musk 466 00:34:27,260 --> 00:34:32,220 Yeah, I guess I got to go back and see what exactly he said. Yeah 467 00:34:33,340 --> 00:34:38,060 I would definitely wasn't expecting that. I mean, I should expect that do you that's like something you would totally say 468 00:34:38,860 --> 00:34:40,860 Like end is near you know what I mean 469 00:34:41,100 --> 00:34:47,020 Well, yeah, that's something he he would say but I mean these guys are not dumb 470 00:34:47,020 --> 00:34:49,020 Elon and and John 471 00:34:49,020 --> 00:34:56,380 You know if they fear AI there's a legitimate reason whether ends up being true or not that's you know for another day, but 472 00:34:57,900 --> 00:35:03,180 Just like you know I was watching another interview with Elon and he was saying that just like we have the 473 00:35:04,460 --> 00:35:06,460 the 474 00:35:06,780 --> 00:35:08,780 And administration for governing 475 00:35:09,660 --> 00:35:10,620 flights 476 00:35:10,780 --> 00:35:17,340 Another one the FDA food drug administration yeah, we have all these administrations to govern certain industries 477 00:35:17,660 --> 00:35:21,580 Yeah, he says that there needs to be one for artificial intelligence and I agree just 478 00:35:22,060 --> 00:35:24,380 Regulation like parameters need to be set up 479 00:35:25,260 --> 00:35:28,380 You know maybe another one for cryptocurrency 480 00:35:29,500 --> 00:35:32,540 I mean I don't know well there there definitely will be that 481 00:35:33,100 --> 00:35:39,100 But an independent one not necessarily like government sponsored why I guess FDA and all of them 482 00:35:39,260 --> 00:35:41,260 They're their government entities 483 00:35:42,620 --> 00:35:44,620 So yeah, I mean it was 484 00:35:45,180 --> 00:35:51,360 Now he went more like for I don't know like if he was like under the influence of any type of narcotics narcotics 485 00:35:51,360 --> 00:35:52,860 I didn't pick that up. I didn't 486 00:35:52,860 --> 00:35:54,860 narcotics 487 00:35:54,860 --> 00:35:59,580 I got the weed vibe off of his I did not I did not I did not I never said I got this 488 00:36:00,940 --> 00:36:05,100 Yeah, marriage of one a leaf dude 100% you know I guess I didn't because 489 00:36:05,980 --> 00:36:07,980 You know I've seen a bunch of interviews with John and 490 00:36:08,620 --> 00:36:14,620 That's just who he is well dude like I can't distinguish between normal John like not hij on and like 491 00:36:15,260 --> 00:36:19,180 Hi John I think you don't have enough experience with the narcotica that might be it 492 00:36:20,780 --> 00:36:25,580 Because he definitely has like did he went straight into like a cerebral place 493 00:36:25,580 --> 00:36:33,180 So if like he was asking existential type see I don't know if he went there willingly on his own or we could brought it out of him that's the thing 494 00:36:33,340 --> 00:36:35,340 If we brought out of him then 495 00:36:35,420 --> 00:36:39,020 He wasn't the last of like do you look at our questions man. We're like let's go back to 496 00:36:39,500 --> 00:36:42,140 1987 about like actually traveling 497 00:36:44,140 --> 00:36:51,180 I'm like explained the beginnings of John McAfee antivirus and he's like he ended up at some tangent that's like 498 00:36:51,900 --> 00:36:55,500 Well, you're just talking about Bill Gates and well, yeah like a whole life 499 00:36:57,500 --> 00:36:58,300 Like you 500 00:36:58,300 --> 00:37:01,900 journey of life like not to plant things out. Yeah 501 00:37:02,220 --> 00:37:06,940 Let things happen organically. I mean that's not super like hippy-dipy shit, but 502 00:37:07,820 --> 00:37:13,020 You know I feel like I feel like it's good advice. I feel like he went like straight dad vote on us 503 00:37:14,220 --> 00:37:20,220 Yeah, like he just he gave his feet out like so much sage wisdom like within a 20 minute times 504 00:37:20,220 --> 00:37:24,780 Man, do you do I think when you go back and edit that you're gonna find a lot of like yeah 505 00:37:24,780 --> 00:37:29,820 That gets so yeah, like just like experience man. He's fucking 74 or something like that dude 506 00:37:29,980 --> 00:37:35,980 Yeah, I mean and he should be giving out that life experience because he's gone through a lot at the very end of the fight guys 507 00:37:35,980 --> 00:37:37,980 You ask them 508 00:37:37,980 --> 00:37:42,300 Could we wanted to get into crypto, which you didn't even have like any time for that really yeah, you know, let's talk about 509 00:37:42,300 --> 00:37:45,820 Yeah, he's like fuck that. Let's talk about like 510 00:37:46,380 --> 00:37:50,300 Let's talk about like what you fuck should we doing with your life? Yeah, yeah, like what 511 00:37:51,260 --> 00:37:56,060 Like you had an idea and his head like what do you want to talk about that's what I think the weed was coming out of him 512 00:37:56,380 --> 00:37:58,220 Yeah, like when he spoke weed you know 513 00:37:58,220 --> 00:38:03,980 You're giving a shit about business and like money like you're more like in tune with like existentialism 514 00:38:04,300 --> 00:38:08,700 Yeah, and I we we had a whole strategy here. We're gonna like ease him into like crypto 515 00:38:09,260 --> 00:38:13,980 Yeah, just so that it's it's more of a conversation rather than a question here because we didn't want to like 516 00:38:14,620 --> 00:38:18,940 Just pound them with questions because it's it's not interesting and he's not that kind of guy 517 00:38:18,940 --> 00:38:25,100 Yeah, he's not we just saw that like we asked him something and he went out for like 10 15 minutes like in 518 00:38:26,060 --> 00:38:31,020 10 different angles. Yeah, yeah, you know, which is great. That's what I was hoping for 519 00:38:31,020 --> 00:38:36,540 But I was hoping we had more time to like explore more things yeah another question I had for him was like basically automation 520 00:38:36,540 --> 00:38:40,060 A new report by Bank of America Merrill Lynch is predicting that 521 00:38:41,180 --> 00:38:42,220 A month near 522 00:38:42,220 --> 00:38:44,620 800 million human jobs deleted by 523 00:38:44,860 --> 00:38:48,300 235 right and there's other reports pretty much saying the exact same thing 524 00:38:48,860 --> 00:38:54,860 And so I wanted to get his idea on the automation is like is this like an legitimate threat that we need to be preparing for because 525 00:38:55,260 --> 00:38:57,260 15 years from now is not that long 526 00:38:58,220 --> 00:39:03,260 I mean we're looking at a million dollar Bitcoin right there at least a million dollar Bitcoin 527 00:39:03,500 --> 00:39:08,060 Yeah, or me you know hovering in the 600,000 to a 1.5 million but 528 00:39:09,500 --> 00:39:12,460 Shit that's a you know 529 00:39:13,020 --> 00:39:15,500 800 million human jobs deleted 530 00:39:16,220 --> 00:39:18,380 I mean if that's not an apocalypse. I don't know what is 531 00:39:19,500 --> 00:39:22,220 Apocalypse yeah, it's it says right there man 532 00:39:22,700 --> 00:39:24,700 The total apocalypse 533 00:39:24,940 --> 00:39:30,460 But haven't you been saying like once this automation wave comes through it's just gonna cheap in the cost of everything so 534 00:39:30,780 --> 00:39:35,180 Well, yeah, yeah, so that there was an argument that yeah, it definitely cheapens a cost for sure 535 00:39:35,580 --> 00:39:41,020 Yeah, but if nobody can pay that cheap cost what's what I was at any good 536 00:39:43,180 --> 00:39:45,180 It's gonna have to be yeah 537 00:39:45,500 --> 00:39:51,660 It's it's such a kind of like seeing I haven't seen a better alternative than UBI 538 00:39:51,900 --> 00:39:58,380 So that's that's that's another thing we're gonna talk to them and see this thoughts on UBI now a lot of people don't agree with like free money 539 00:39:58,380 --> 00:40:04,460 And I get it I get it but again when you're talking about eliminating 100 million jobs by in 15 years 540 00:40:04,700 --> 00:40:07,700 What is the alternative that's that's where I'm at 541 00:40:09,980 --> 00:40:11,100 Uh 542 00:40:11,100 --> 00:40:16,860 And then I want to talk about China's digital currency and I want and I wanted to talk about specifically 543 00:40:17,420 --> 00:40:24,220 Country digital currency versus the people's currency like Bitcoin like why why would any countryman 544 00:40:25,020 --> 00:40:28,060 Choose a country coin over a people coin 545 00:40:29,740 --> 00:40:37,340 But mostly because they're forced to yeah, but we sort of touched on that little bit is like you were saying that the country could 546 00:40:38,220 --> 00:40:43,020 Band Bitcoin and ban all these things and he's like yeah, right now marijuana's banned 547 00:40:43,020 --> 00:40:47,660 But everybody still does it but marijuana's not the same thing is currency, you know, no 548 00:40:47,660 --> 00:40:50,460 It's not the same thing, but it's the same concept like banning 549 00:40:50,460 --> 00:40:57,340 Yeah, just give you the means just give you rebels, but government can 100% influence the adoption of cryptocurrency by 550 00:40:57,980 --> 00:41:04,140 Just telling like like if you can never buy a product with these cryptocurrencies and what value they actually have 551 00:41:04,540 --> 00:41:05,740 If you're not 552 00:41:05,740 --> 00:41:09,100 Only thing you can really do with them is is peer to peer transactions, right? 553 00:41:09,100 --> 00:41:12,300 You never get to be able to interact with the mega corporation 554 00:41:12,380 --> 00:41:16,380 I'll bring up the argument of like what can you really do with gold like right now right now 555 00:41:16,380 --> 00:41:18,380 Now, yeah, but we're not talking about gold right? 556 00:41:18,380 --> 00:41:22,220 I'm saying it about fiat the battle between cryptocurrency and fiat 557 00:41:22,220 --> 00:41:27,740 Yeah, but what I'm saying is like if they ban cryptocurrency, it's still gonna be used because 558 00:41:28,380 --> 00:41:30,380 Yeah, the speculators will 559 00:41:30,700 --> 00:41:35,180 Because like and right now nobody's using it as a currency or a means of exchange 560 00:41:35,260 --> 00:41:37,740 Yeah, because it's because it's nothing except it 561 00:41:37,740 --> 00:41:41,740 Well, it's an amazing thing dude if you could buy groceries with Bitcoin 562 00:41:42,300 --> 00:41:44,300 Roadster is a Bitcoin 563 00:41:46,060 --> 00:41:51,180 Hell no you wouldn't we're talking about 2035 being a million dollar Bitcoin. Why would you spend it? 564 00:41:51,180 --> 00:41:57,420 I mean if I was out of cash, you know like yeah, I had Bitcoin and yeah, of course. Yeah, but what you would do is trade it for fiat 565 00:41:58,540 --> 00:42:00,540 Well, that's the same thing is spending it 566 00:42:01,340 --> 00:42:05,900 You know, yeah, yeah, it's exactly the same thing you know you're transitioning your crypto to a fiat 567 00:42:06,860 --> 00:42:10,780 And that crypto ceases to exist but get goods with it, you know 568 00:42:11,820 --> 00:42:20,140 It doesn't cease to exist somebody else bought it from you pretty much, but you would do your best not to spend it in the best way you can like I mean 569 00:42:20,140 --> 00:42:25,500 I've spent Bitcoin before, you know, yeah, that was like in 2015. Yeah, no, oh 570 00:42:25,500 --> 00:42:28,460 That's 2017 yeah, I mean it's recently that but 571 00:42:29,340 --> 00:42:35,420 I'm just saying like you know, he's talking he talked about yeah that currency should be spent not like 572 00:42:35,980 --> 00:42:37,980 How old yeah 573 00:42:39,340 --> 00:42:43,500 Yeah, I just don't think governments are gonna lie down and just be like totally like okay 574 00:42:44,460 --> 00:42:49,660 I just wanted it to hear his thoughts like what is he think like governments are gonna or how are they gonna react 575 00:42:50,140 --> 00:42:54,780 It's all of a sudden this like traditional monetary system that we're all involved in and like you know 576 00:42:54,780 --> 00:43:00,540 They have so much control over all of a sudden things like Libra things like Bitcoin things like 577 00:43:01,340 --> 00:43:08,380 Everything yeah, that's no that's a good question because what he was saying was in the form of taxes by using crypto currency 578 00:43:08,380 --> 00:43:15,500 We we forced the government to kind of change their ideologies to like yeah because they work for us 579 00:43:15,500 --> 00:43:19,900 We don't work for them. Yeah, he's got like the anarchist perspective like you know the best 580 00:43:20,780 --> 00:43:22,780 way to 581 00:43:22,780 --> 00:43:29,500 To enforce adoption is literally just the boycott the existing system. Yeah, like if everyone you boycott it by 582 00:43:29,820 --> 00:43:35,100 Using the adopting crypto currency because literally what's gonna destroy the traditional finance system correct 583 00:43:35,420 --> 00:43:38,380 My thing is indeed I'm again. I'm a cynic I'm a skeptic 584 00:43:39,340 --> 00:43:43,820 I don't think it's gonna be a cakewalk. I want to know like well, you know 585 00:43:43,820 --> 00:43:46,460 I asked him that question like is it gonna take a complete 586 00:43:47,260 --> 00:43:52,300 lack of trust in what will our traditional finance system in order for people to adopt or yeah 587 00:43:52,620 --> 00:43:58,780 Will they naturally just funnel and like realize the superior technology and crypto currency kind of like the internet did yeah 588 00:43:58,860 --> 00:44:04,940 You know like the internet was a new technology and there's like a natural progression towards adoption like every year plug and new 589 00:44:04,940 --> 00:44:11,180 3 or 4 or 5% of the global population was coming online. Yeah, well the same thing happened in crypto 590 00:44:12,220 --> 00:44:14,220 I don't know yeah yet to be seen 591 00:44:14,780 --> 00:44:20,700 What are the factors that need to be in place in order for that to happen? Who knows dude? It's it's slowing a 592 00:44:20,700 --> 00:44:24,700 Roding away the banking infrastructure is slow to eroding away because yeah 593 00:44:25,340 --> 00:44:35,740 Out of their own doing they're they're cannibalizing themselves because of the the the system of fiat currency is self-defeating by itself 594 00:44:36,140 --> 00:44:39,180 Right, so there's that and then on top of that 595 00:44:39,260 --> 00:44:42,460 Cryptocurrencies with the new defy infrastructure 596 00:44:43,100 --> 00:44:47,100 We can now earn interest on our on our cryptocurrency 597 00:44:47,100 --> 00:44:51,900 We're talking about five to seven sometimes we've seen 15% interest. Yeah, and 598 00:44:52,300 --> 00:45:01,420 You can't get that percent interest on any product from the banks unless even a CD doesn't give you five percent anymore 599 00:45:02,300 --> 00:45:07,900 So it gives you like one or two percent over over a span you have to stake your fiat currency 600 00:45:08,460 --> 00:45:10,860 For more than five years to get one or two percent 601 00:45:10,860 --> 00:45:15,420 No, I mean it makes sense this is like defy is blowing up right now for I just read something like 602 00:45:15,980 --> 00:45:18,700 Digest hit like a or compound yeah 603 00:45:18,700 --> 00:45:22,060 Hey hundred million dollars locked up there your million dollar cap 604 00:45:23,100 --> 00:45:29,660 There's only you could only do a hundred million dollar cap and now it's it's been raised to 120 million oh really yeah 605 00:45:30,380 --> 00:45:33,420 Okay, so yeah for sure like that means adoption of these things 606 00:45:33,420 --> 00:45:37,020 But who's doing this these are crypto people yeah 607 00:45:37,820 --> 00:45:43,420 And I'm always arguing like and I know John uses die all the time everyone does because it's a no-brainer 608 00:45:43,500 --> 00:45:44,460 Yeah 609 00:45:44,460 --> 00:45:46,540 The die because like I said I 610 00:45:46,540 --> 00:45:52,540 2017 bull market run I was always I never did the thing where like I had points in time where I could literally 611 00:45:53,180 --> 00:45:59,100 Tell where the market was heading like just a dip is coming yeah, but I could never I'd never trust a tether enough to like you know 612 00:45:59,100 --> 00:46:01,420 Tether out even though that was like yeah 613 00:46:01,420 --> 00:46:02,780 It was like the main 614 00:46:02,780 --> 00:46:07,740 That was like a strategy the being strategy. It just tether out and wait for the corrections that happened then come back in 615 00:46:08,300 --> 00:46:11,820 But I didn't trust it, you know something like die I trust way more 616 00:46:11,900 --> 00:46:13,180 It's Heather 617 00:46:13,180 --> 00:46:15,180 Yeah 618 00:46:15,180 --> 00:46:17,980 But yeah, yeah, I like die I like the whole defy thing 619 00:46:18,460 --> 00:46:23,580 There's some people are shooting on it which I don't understand I have to think that they don't they don't understand it 620 00:46:23,900 --> 00:46:28,220 What are they saying it's just not safe no the the whole that's basically it's very simple 621 00:46:29,500 --> 00:46:31,500 Maker dow to 622 00:46:31,500 --> 00:46:36,540 To get some die you have to put up 150% capital I mean yeah, we never even understood that 623 00:46:36,540 --> 00:46:39,180 No, we don't we understand it we get it 624 00:46:39,740 --> 00:46:44,380 Well, it's like it's like you're locking up more you lock you lock two a theorem to unlock 625 00:46:45,100 --> 00:46:48,380 1.5 Ethereum worth of die yeah, which is like 300 bucks 626 00:46:50,380 --> 00:46:52,940 Or you're like you like 1.5 Ethereum to get one 627 00:46:53,740 --> 00:46:59,980 Yeah, yeah, yeah, yeah, yeah, yeah, yeah, and so why would you do that well you have some sort of investment that you want to use your 628 00:46:59,980 --> 00:47:06,620 Ethereum, but you don't want to use your Ethereum so you take a loan based off your Ethereum you lock up 1.5x 629 00:47:07,180 --> 00:47:14,220 You use one x for your investment you read the reward from that investment ideally you pay back the loan 630 00:47:14,220 --> 00:47:18,220 You keep your two Ethereum you made money from your investment. That's what you do it 631 00:47:19,740 --> 00:47:21,740 I guess it's just because it's it 632 00:47:23,260 --> 00:47:29,180 It's a decentralized loan network so they don't have like the traditional collection yeah 633 00:47:29,740 --> 00:47:36,060 Capabilities that end up banked us and the only collateral right now that's programmable is cryptocurrency 634 00:47:36,620 --> 00:47:40,780 Eventually it's gonna be your detour house. Yeah your car any any 635 00:47:41,660 --> 00:47:48,220 Physical assets that can be tokenized yeah and recognized by the government right that has to be you have to you have to 636 00:47:48,220 --> 00:47:50,620 to back this thing up with legal 637 00:47:52,060 --> 00:47:57,980 Infrastructure just in case something happens right I guess that makes more sense when you think about it like that 638 00:47:57,980 --> 00:48:02,060 Yeah, there's a lot more risk involved with these loans and it's it's a it's a dow 639 00:48:02,380 --> 00:48:05,020 Essentialized so yeah, they've got to 640 00:48:06,460 --> 00:48:13,900 Medicate that risk somehow. Yeah if you're putting up 1.5x like what you're receiving in loan you're more likely to pay that back yeah 641 00:48:13,900 --> 00:48:17,180 Yeah, and if you don't you lose a 1.5x 642 00:48:17,740 --> 00:48:21,260 The person that loaned you that money gets their full principle 643 00:48:22,140 --> 00:48:27,100 plus the interest and everyone it's like it's like the banking infrastructure run by 644 00:48:27,420 --> 00:48:38,620 Nodes yeah, I mean like this is this is great. I'm still not 100% sure like how the voting infrastructure works, but you know, yeah, I mean 645 00:48:40,380 --> 00:48:42,380 You did get to ask 646 00:48:42,620 --> 00:48:48,780 Did did we require a financial collapse in order for yeah to adopt until like reach critical mass 647 00:48:50,380 --> 00:48:54,700 I think I've worded it differently, but yeah, I kind of got to that point. I wanted to know like what 648 00:48:55,500 --> 00:49:01,180 You know like I said he's got like the anacars and our kids approach, but like the majority of people don't think that way 649 00:49:01,340 --> 00:49:09,020 Yeah, yeah, you know I kind of wanted to emphasize it like there's a younger generation here who's like we're embedded so deeply into the system 650 00:49:09,820 --> 00:49:14,380 There is like you do you think how often do you think people think about like damn 651 00:49:15,420 --> 00:49:22,220 Like this US dollar really sucks, you know like this can I don't know that's a good question. I mean on the daily 652 00:49:22,620 --> 00:49:29,500 Never I think the only time like people really started talking about it was whenever I feel I do feel like the US dollar kind of sucks 653 00:49:30,620 --> 00:49:33,740 How could you say that just because I know how it works? Yeah, exactly 654 00:49:33,740 --> 00:49:36,140 But it was due to it. Oh, no, they don't think about it 655 00:49:36,140 --> 00:49:46,140 So I don't think that's kind of a good like yeah people don't think about that because it works currently yeah, I mean, but yeah, it's the back end of how it works isn't 656 00:49:47,420 --> 00:49:51,260 Yeah, well, no, I feel like if people knew how fiat currency worked 657 00:49:51,740 --> 00:49:53,260 They would have 658 00:49:53,420 --> 00:49:56,140 Rided years ago decades ago 659 00:49:56,140 --> 00:49:58,540 Like this is this is sort of scammy 660 00:49:59,900 --> 00:50:08,980 But if it works it works man, well, let me get to that point the thing is it's the thing is it doesn't work the reason why it seems like it works is because it keep kicking the can down 661 00:50:08,980 --> 00:50:09,980 Yeah, yeah 662 00:50:10,180 --> 00:50:13,180 That's always rising 663 00:50:13,180 --> 00:50:16,580 But I'm from a consumer perspective it works. It's like a hot potato 664 00:50:16,580 --> 00:50:22,740 Yeah, like the president's keep passing the hot potato until like it can't reach no more than there's a financial collapse 665 00:50:22,740 --> 00:50:24,740 You've seen it in other countries 666 00:50:24,740 --> 00:50:29,140 It's because the finance the fiat currency mechanism self-defeated self. That's 667 00:50:29,860 --> 00:50:31,860 by design why do they do it that way? 668 00:50:31,860 --> 00:50:33,860 It's just 669 00:50:33,860 --> 00:50:37,780 I guess the conspiracy theories is the people in power the federal reserve 670 00:50:38,100 --> 00:50:40,100 That's how they designed because they're the winners 671 00:50:40,580 --> 00:50:45,300 They're the ones issuing the loans and everybody owes them all the money that exists. Yeah 672 00:50:47,540 --> 00:50:51,220 What else about the macophine interview overall thoughts? 673 00:50:52,340 --> 00:50:58,580 Happy pleased oh well, you know anytime we get to talk to someone like John like it's always good even if it was like 674 00:50:59,140 --> 00:51:01,140 Mn 2025 minutes wherever 675 00:51:01,140 --> 00:51:04,180 Yeah, when you fucking send me that message like we got macophia 676 00:51:04,740 --> 00:51:09,700 No, I'm fucking like creamed my pants. Yeah, I couldn't believe it. Yeah. It was like what no way 677 00:51:10,740 --> 00:51:12,260 But 678 00:51:12,260 --> 00:51:16,500 Yeah, I mean obviously we had a bunch of questions and we didn't really get to 679 00:51:16,580 --> 00:51:25,540 Fall into this list. I'm gonna blame it on the weed. Okay. Yeah, I mean he's a busy guy. He's got like he's got shit other people to talk to so yeah 680 00:51:25,540 --> 00:51:27,540 shit to do 681 00:51:27,540 --> 00:51:35,220 What else is going on in crypto will this any other news? Well, I sent you an article where this guy about defy? 682 00:51:35,220 --> 00:51:39,780 Yeah about defy. Yeah, man. Like we're always talking about like what's the next phase? 683 00:51:40,980 --> 00:51:43,940 I feel like I'm really like in defy man like 684 00:51:44,420 --> 00:51:49,700 Well because it has the potential to regenerate you pass it in come well that well, yeah for sure that 685 00:51:50,020 --> 00:51:56,180 But it's not one of those speculative things that I've seen other than maker dow like that's only speculative coin out there 686 00:51:58,580 --> 00:52:01,780 Then I've seen so far now haven't looked too far into it 687 00:52:03,780 --> 00:52:05,780 But let me see if I can pull up this article 688 00:52:05,940 --> 00:52:09,940 So 689 00:52:13,220 --> 00:52:17,380 So you saw Joker right? Yeah, what did you think? 690 00:52:18,580 --> 00:52:20,180 About the 691 00:52:21,140 --> 00:52:27,140 No, the actual Joker. Yeah, dude. What do you mean what did I think it was good as movie, man? Yeah, you liked it, right? It was pretty good 692 00:52:28,180 --> 00:52:32,660 It was I mean I didn't think it was gonna be bad or anything. I know walking Phoenix is a fucking 693 00:52:33,620 --> 00:52:38,740 God-tier actor. Yeah, yeah, yeah, and the movie was basically just like let him roll with the character 694 00:52:38,740 --> 00:52:46,580 So how could it be bad? You nailed the laugh you nailed the you did you nailed the like loaners in sell vibes 695 00:52:46,900 --> 00:52:50,500 You know what I mean? Yeah, yeah, dude like I 696 00:52:51,860 --> 00:52:56,100 I don't know yeah, dude. I'm not surprised 697 00:52:56,740 --> 00:52:58,020 um 698 00:52:58,020 --> 00:53:00,020 Not surprised but 699 00:53:00,420 --> 00:53:03,700 I walked away with their kind like with the feeling of like dude is kind of like 700 00:53:04,820 --> 00:53:09,300 I talked about this before like it's kind of like hypocritical the way we hero worship the person like that 701 00:53:09,780 --> 00:53:11,780 And then whenever like news headlines come out like 702 00:53:12,820 --> 00:53:16,740 You know some insel just shot up his high school and killed 10 15 people 703 00:53:16,740 --> 00:53:22,580 Well, it's literally the exact same story just like on the big screen. Well a black-doh comic book villain 704 00:53:22,900 --> 00:53:27,220 Unfortunately that has happened like literally a few minutes ago in Las Vegas 705 00:53:28,260 --> 00:53:31,860 It's happening is never gonna stop happening. I don't think and it happened at a school 706 00:53:32,420 --> 00:53:34,420 So do you think those people who are like you know 707 00:53:35,700 --> 00:53:41,140 Talking about like this this movie needs to be boycotted what do you think? No, of course not yeah 708 00:53:41,140 --> 00:53:43,140 You can't boycott 709 00:53:42,900 --> 00:53:49,140 Expression right? No, you can't no and I mean I see where they're coming from it's sort of like idolizing 710 00:53:50,100 --> 00:53:57,220 You know insels yeah people like like the Joker like like those people exist like as that's what I like about the movie 711 00:53:57,540 --> 00:54:00,500 They do exist. Yeah, mostly that's the same thing and yeah 712 00:54:01,060 --> 00:54:05,220 Most comic book heroes are villains they're like outside the realm of yeah 713 00:54:05,540 --> 00:54:11,700 Reality but the Joker is like a representation of like a decent segment of like humanity 714 00:54:11,700 --> 00:54:17,220 Yeah, lonely what I thought was like really interesting that I haven't like thought about 715 00:54:17,860 --> 00:54:24,820 Until the movie until I saw the movie is that his laughter was a physical manifestation of his sadness 716 00:54:26,100 --> 00:54:30,500 And it made sense why Joker's always laughing is because the dude is sad 717 00:54:31,140 --> 00:54:36,100 But now in the movie like that was just a neurological condition that he had which is a real thing yeah 718 00:54:37,860 --> 00:54:44,180 But when I first saw the movie the first time I thought it was because he was laughing because he was expressing his sadness 719 00:54:45,140 --> 00:54:50,820 But that's that was an exactly what was happening. Yeah, I mean he had many triggers. I think like if he got anxious 720 00:54:51,460 --> 00:54:58,660 Exactly, he would start laughing and control if he got sad or maybe like a little afraid comfortable. Yeah, uncomfortable. Yeah 721 00:54:59,620 --> 00:55:05,860 And I think that disease is not just laughing. He's also crying. It's just like an outburst of emotion. Yeah, everything correct 722 00:55:06,420 --> 00:55:10,100 It's a crazy disease. We saw a couple videos of it on YouTube. Yeah 723 00:55:11,060 --> 00:55:17,700 This is yeah, it wasn't as creepy as the Joker, but it's I can tell it's pretty uncomfortable. Yeah 724 00:55:19,300 --> 00:55:25,700 What you got here? What is this all right? So the title of this article says how to earn passive income by lending Bitcoin if they're even stable coins 725 00:55:26,420 --> 00:55:31,140 So there's a chart here that talks about by-nances doing that right? 726 00:55:31,780 --> 00:55:36,980 You can earn 3% on Bitcoin dude. I do what by staking in and by-nance 727 00:55:37,620 --> 00:55:45,060 Now now the way by-nance works is that not everybody can take their Bitcoin. Yeah because 3% is like a ton 728 00:55:47,460 --> 00:55:53,220 And so by-nance opens a few slots for people to stake their their Bitcoin in there and 729 00:55:54,020 --> 00:56:00,740 So so not everybody can earn such high interest rates here. Okay, but I remember when I joined compound 730 00:56:00,980 --> 00:56:02,980 It was like 17% 731 00:56:02,980 --> 00:56:04,980 It was fucking gnarly 732 00:56:05,540 --> 00:56:10,100 Because we were like in the heat of a bear market, right? Yeah, it was mind-boggling like what was happening? 733 00:56:10,500 --> 00:56:14,260 Yeah, fuck that was a lot. Yeah, and look at compound now like whoa 734 00:56:14,900 --> 00:56:19,860 Dude that is such the no-brainer strategy man like you 7% like now that we know 735 00:56:20,340 --> 00:56:28,740 What how these interest rates vary based on like market conditions? Yeah, yeah the no-brainer's tragic man. It's like when there's a boom market 736 00:56:29,700 --> 00:56:36,660 You make your money and as soon as this bear market comes around again, do you got to put your money into these interest earning? 737 00:56:36,980 --> 00:56:43,620 Yeah, and you know, well think about this when it's when it's a bear market when Bitcoin's declining these numbers start to go up 738 00:56:43,620 --> 00:56:45,620 That's what I'm saying which is bad 739 00:56:45,940 --> 00:56:50,660 What think about it. Let's say we reach 200,000 other Bitcoin. That's when you sell right? 740 00:56:51,860 --> 00:56:55,460 Yeah, because you're anticipating like the bubbles about the pop yeah, yeah the bubbles about the pop 741 00:56:55,460 --> 00:56:57,860 Yeah, you don't keep Bitcoin at that point 742 00:56:57,940 --> 00:57:02,740 No, so why why would you use these interest rates even even you're gonna have like a temperate man 743 00:57:02,740 --> 00:57:07,620 I was at that type of cent Bitcoin like it's enticing but you don't want to do that 744 00:57:07,620 --> 00:57:11,620 You want to go into die stake your die or an interest yeah 745 00:57:12,500 --> 00:57:17,780 You want to die out instead of tether out yeah, well no, no, no, yeah, yeah, okay 746 00:57:18,900 --> 00:57:25,860 On compound or some of their kind of whatever whatever supports a die here. Yeah, they're all around 7-8% 747 00:57:25,940 --> 00:57:30,500 What is what is t u as d true u as dollars? Okay, it's just another stable coin 748 00:57:32,260 --> 00:57:35,940 Wow, this is consistent 8% across a board all the stable coins are 8% 749 00:57:36,820 --> 00:57:38,820 On your good on next though. Oh 750 00:57:39,060 --> 00:57:44,420 No, this is legit. I see ads like on on this for brave all the time. Oh, yeah not saying it's legit 751 00:57:44,420 --> 00:57:46,900 I'm just saying that I've seen this before yeah 752 00:57:48,900 --> 00:57:54,820 Yeah, the push like I said that that's a no brainer man and not only that what's cool is I found another site 753 00:57:55,300 --> 00:57:59,140 That you can arbitrage now. I'm not saying arbitrage is a cool idea 754 00:57:59,460 --> 00:58:03,460 But what I'm saying is you can if you are staking your die in 755 00:58:04,420 --> 00:58:11,300 Let's say compound and you're getting 5% in compounds for example and you go to nexo and they're getting like 8% 756 00:58:11,620 --> 00:58:14,820 You can go from compound directly into nexo 757 00:58:15,460 --> 00:58:18,740 With this application. Mm-hmm. It's pretty awesome. Yeah 758 00:58:20,020 --> 00:58:21,860 Yeah, unfortunately we didn't get to talk to 759 00:58:22,180 --> 00:58:28,340 My feet about that yeah, and I know I know macophie he does use dial the time. He's a he's a die guy 760 00:58:28,980 --> 00:58:30,980 Yeah, and obviously smart 761 00:58:31,380 --> 00:58:37,620 Yeah, I wanted to get his insight also like how he plans on you know tackling the liquidity issue behind essentialized exchanges 762 00:58:38,180 --> 00:58:43,140 Because they've been around he's not like the first he's not like a pioneer of its essentialized exchanges 763 00:58:43,700 --> 00:58:48,740 You know, there's been a few quite a few for like a year or two now this things been out 764 00:58:49,220 --> 00:58:53,140 But the adoption rate is pretty lack you know what I mean? 765 00:58:54,660 --> 00:59:00,100 There's obviously like a big pool for like centralized services right now. I'm not sure because people just don't know 766 00:59:00,580 --> 00:59:05,140 Yeah, or people just don't they don't understand the benefit of it like what is it going to take 767 00:59:05,780 --> 00:59:07,780 Yeah, and for some reason 768 00:59:07,780 --> 00:59:12,820 Macophie decks doesn't show up on brave but it does show up on safari 769 00:59:13,940 --> 00:59:15,940 So not sure what's happening there 770 00:59:16,260 --> 00:59:20,580 But maybe it's something their developers need to look at it 771 00:59:21,460 --> 00:59:25,300 Well, let's go over the benefits though like why a decentralized exchange 772 00:59:26,020 --> 00:59:28,020 Obviously the big one is 773 00:59:28,260 --> 00:59:31,060 No central point of failure, right and you can't get hacked 774 00:59:32,020 --> 00:59:39,220 Yeah, and not only that so so the most important thing about a decentralized exchange is that it's not a custodial service 775 00:59:39,300 --> 00:59:41,060 You're not sending these guys any 776 00:59:41,540 --> 00:59:43,220 Bitcoin to trade Bitcoin 777 00:59:43,300 --> 00:59:46,100 What you're doing is you're saying I want to buy Bitcoin and 778 00:59:46,740 --> 00:59:54,740 Somebody has to sell you that Bitcoin so you post up a a sell or you post up in order and somebody fulfills that sell or it fulfills that order that's a 779 00:59:56,260 --> 00:59:58,740 And it's peer to peer so you're literally 780 00:59:59,460 --> 01:00:00:05,700 Trading your crypto currency one cryptocurrency for another cryptocurrency by selling it or buying it. Yeah 781 01:00:07,380 --> 01:00:09,140 That's one 782 01:00:09,220 --> 01:00:14,020 So and then the fees obviously yeah, so there's no fees. I think there's only take her fees 783 01:00:15,140 --> 01:00:22,260 And and it's like a quarter of a percent so it's it's reasonable so the benefits are there like if you if you compare the two that centralized 784 01:00:22,980 --> 01:00:29,380 Exchange you would decentralized when you would I think most people would prefer to use a decentralized service because there's more benefits than 785 01:00:30,260 --> 01:00:32,260 You know not using it, but the problem is 786 01:00:33,140 --> 01:00:37,540 liquidity what do you see going on here just like no activity? There's like one trade every 787 01:00:39,540 --> 01:00:45,300 12 hours just something like that. Yeah, you know the charts are supposed to show something here 788 01:00:47,620 --> 01:00:50,740 So yeah, that's I mean if you go to there's one called iDex 789 01:00:51,460 --> 01:00:53,460 There's others out there 790 01:00:53,860 --> 01:00:57,860 Zero expertical has like a few centralized exchanges bit shares 791 01:00:58,740 --> 01:01:00,740 Well, here's the trade history and 792 01:01:01,300 --> 01:01:05,460 But keep in mind this was released like a couple weeks ago, right? Yeah, this was only this brand new 793 01:01:05,780 --> 01:01:11,060 So over time of course the liquidity is gonna increase but I don't how do you get to that Binance level? 794 01:01:11,780 --> 01:01:13,780 You know 795 01:01:14,100 --> 01:01:18,180 Yeah, and how do you incentivize people to use a Dex versus the standard 796 01:01:19,540 --> 01:01:23,300 This goes all of like I do because man Binance they they should there are their 797 01:01:23,620 --> 01:01:29,300 The crypto a lot and it's successful like all these trading competition that they have it's yeah 798 01:01:29,860 --> 01:01:32,980 nonstop man is every week there's trading competition yeah 799 01:01:33,860 --> 01:01:39,380 Like win cars and like Binance just cut on like hot fire do they were the right place the right time I remember 800 01:01:40,100 --> 01:01:43,860 You know because at the time all the exchanges were but ugly 801 01:01:44,660 --> 01:01:48,500 Everything everyone was using bit tracks at the time and they were just very ugly at the time 802 01:01:49,300 --> 01:01:53,220 I mean wasn't hard to use or anything it just it just wasn't pleasant to look at 803 01:01:53,540 --> 01:01:56,340 And all of a sudden Binance comes out with this clean UI and 804 01:01:56,900 --> 01:02:00,900 Like I said it came at the perfect time with like Chinese tokens were like the hot 805 01:02:01,540 --> 01:02:05,820 The hotness of the month you know I mean yeah, and the only way to get to these Chinese 806 01:02:05,820 --> 01:02:09,940 Is CL was to get on some Binance and purchase them so it was like the perfect 807 01:02:10,820 --> 01:02:14,180 On ramping scheme they could think of you know it was that perfectly 808 01:02:15,220 --> 01:02:18,820 So so in this article they talk about custodial lending platforms where 809 01:02:19,460 --> 01:02:25,860 These companies they take your or you stake your your give them your crypto currency right and they and they return to you interest and 810 01:02:26,980 --> 01:02:30,180 Which I don't really like that much because 811 01:02:31,140 --> 01:02:33,140 Not custodial 812 01:02:35,460 --> 01:02:38,820 Like not custodial services like defy new or dharma compound 813 01:02:40,020 --> 01:02:47,700 You maintain control of your crypto currency and they still yeah return you you don't have to worry about them exit scamming pretty much 814 01:02:49,060 --> 01:02:52,660 And coin bases doing it so all of these like centralized 815 01:02:53,940 --> 01:02:56,820 Companies doing it it's not that it's not safe 816 01:02:57,380 --> 01:03:02,020 It's just that if you want to minimize risk you're not gonna use these yeah 817 01:03:03,220 --> 01:03:06,660 But and in a lot of them they're all like they're 818 01:03:07,060 --> 01:03:08,260 custodied by 819 01:03:08,260 --> 01:03:11,940 Gemini trust company this year of you is D and then they have insurance for everything 820 01:03:12,180 --> 01:03:14,180 Bitcoin was insured up to $100 million 821 01:03:14,820 --> 01:03:18,420 You know and it's custody of Bitcoin so these guys are 822 01:03:19,060 --> 01:03:21,540 You know they're doing the best they can't to protect themselves 823 01:03:22,020 --> 01:03:26,500 So didn't you say before like you think like this defy ecosystem the word grows up 824 01:03:27,700 --> 01:03:29,700 Like this is going to be what catalyzes the next 825 01:03:30,980 --> 01:03:36,980 See it's hard it's hard to believe that now that I think about it that that's gonna catalyze like the next run up 826 01:03:36,980 --> 01:03:40,580 Yeah because these are not lending it's not a 827 01:03:41,700 --> 01:03:42,980 speculative 828 01:03:42,980 --> 01:03:44,980 situation yeah 829 01:03:44,980 --> 01:03:50,340 This is when the vector you've earned all your crypto earnings yeah, this is where you put your money 830 01:03:50,340 --> 01:03:55,220 Yeah, like the variance between like a lending platform is now. There's not much to it, right? 831 01:03:55,220 --> 01:03:56,420 Yeah, there's not 832 01:03:56,820 --> 01:04:00,740 Yeah, I mean just if you go back to the chart here. It's all around the same percentage 833 01:04:02,500 --> 01:04:06,740 And of course Coinbase one per one point 25% nobody's gonna stake there. Yeah 834 01:04:08,820 --> 01:04:14,020 I mean it's all good stuff and it benefits the whole ecosystem as a whole but yeah 835 01:04:14,340 --> 01:04:20,340 It's gonna be like the Isio rush. I don't think so yeah, and if it was it would be happening like right now because it is happening right now 836 01:04:20,740 --> 01:04:25,860 Yeah, but you never know this in a way if if you as a 837 01:04:26,660 --> 01:04:29,380 Normal guy says in crypto is like I could 838 01:04:30,260 --> 01:04:31,860 Invest in Bitcoin 839 01:04:31,860 --> 01:04:36,340 Exit at the right time and I'm gonna earn six or seven percent of my earnings 840 01:04:36,980 --> 01:04:42,260 Better than a bank account yeah like that could and incentivize you to like jump into the 841 01:04:42,900 --> 01:04:46,740 Right good on-man more people just into crypto in general like if the word got out 842 01:04:46,740 --> 01:04:51,940 Yeah, there's there's a savings account out there in this crypto world you put your money into it 843 01:04:52,020 --> 01:04:55,620 You know you're gonna get at these in percentage batch more than you would 844 01:04:55,940 --> 01:05:01,460 Five to five to eight percent like I'm in that's really really good. That's hard to get in the real world 845 01:05:02,180 --> 01:05:04,820 You're not getting 8% in the stock market right now 846 01:05:07,220 --> 01:05:09,540 In the age at all time highs, but still yeah 847 01:05:10,820 --> 01:05:14,100 I know you're saying it's tough to get like a professional traders 848 01:05:14,740 --> 01:05:21,700 Happy V has like a 15% annual you know yeah performance. Yeah, they'll boast about those numbers for sure 849 01:05:22,660 --> 01:05:26,100 So the only thing you got to be careful of is like these numbers fluctuate 850 01:05:27,460 --> 01:05:31,540 So they're not always gonna be six or seven percent right it goes up and down 851 01:05:32,100 --> 01:05:35,860 Especially compound like I said we I got anyone who was like 17% 852 01:05:36,980 --> 01:05:38,980 But now it's at five yeah 853 01:05:40,260 --> 01:05:45,700 Important it like it's the signals like you know people are pulling their money out and putting it into crypto again 854 01:05:45,700 --> 01:05:47,700 Yeah, that's true 855 01:05:47,860 --> 01:05:51,540 Right this is a good indicator like if these interest rates you're going down so low 856 01:05:52,260 --> 01:05:56,100 That means people are putting in into these interest companies 857 01:05:57,300 --> 01:06:01,700 Once it starts going up that's when people are pulling out and investing in Bitcoin and stuff 858 01:06:03,060 --> 01:06:06,020 Because they they want to incentivize people to put in their money right 859 01:06:07,940 --> 01:06:10,420 So the only way to incentivize is to increase the rates 860 01:06:11,620 --> 01:06:14,180 Yeah, but I thought they adjusted the rates based on like the 861 01:06:15,140 --> 01:06:20,580 The poor performance of the collateral essentially like whenever whenever Ethereum was at like it's worst 862 01:06:21,060 --> 01:06:23,060 Was whenever the 863 01:06:23,060 --> 01:06:29,460 The compound interest rates were at its highest because the Ethereum is the collateral if Ethereum is all of a sudden devaluing 864 01:06:30,020 --> 01:06:34,740 That's like it's like you're you know your collateral is becoming less valuable you got to raise interest rates 865 01:06:34,980 --> 01:06:36,980 So people pay after loans 866 01:06:36,980 --> 01:06:39,700 You're like incentivizing in the pay after loans quicker 867 01:06:40,900 --> 01:06:42,900 Uh 868 01:06:43,540 --> 01:06:45,540 I think I I think 869 01:06:47,060 --> 01:06:53,620 What I was thinking is the more people that stake their die the lower the interest rate yeah 870 01:06:54,500 --> 01:06:58,580 And the camera die again. No, I don't think so. Oh 871 01:07:01,860 --> 01:07:03,860 Oh, we're good 872 01:07:05,380 --> 01:07:11,860 No, no I guess we got we can yeah, we definitely got to keep a closer eye on this because yeah the last time we talked to me about defy dude there is like 873 01:07:12,980 --> 01:07:26,020 A third of this many like defy platforms out there. Oh, yeah, I mean this shit is blowing up. There's like it was just like compound now now like coin bases in it and whatever happens to that one thing you showed me the lottery 874 01:07:27,460 --> 01:07:30,180 However is a little pull something 875 01:07:31,860 --> 01:07:33,860 You know 876 01:07:34,100 --> 01:07:36,100 Okay 877 01:07:37,700 --> 01:07:39,700 It's purple purple 878 01:07:42,980 --> 01:07:44,900 All right, I just want to see like what's the pull it 879 01:07:49,940 --> 01:07:51,940 Oh, we shit 880 01:07:52,900 --> 01:07:54,900 Was that $338,000 881 01:07:58,580 --> 01:08:00,900 What total die locked 882 01:08:00,900 --> 01:08:03,620 $391,000 that's not what's up for grabs though 883 01:08:05,140 --> 01:08:06,980 That's how it's currently currently in the pool 884 01:08:08,340 --> 01:08:12,340 Yeah, but then like there's a certain percentage that comes out of that 3901,000 885 01:08:12,900 --> 01:08:15,380 Which is the interest right and then that's what's up for grabs? 886 01:08:15,940 --> 01:08:18,500 Well, that's true. I think it's yeah 887 01:08:19,220 --> 01:08:21,860 So with this pull together you 888 01:08:22,740 --> 01:08:27,620 You have like let's say a hundred die you you put that hundred die into pull together and 889 01:08:28,740 --> 01:08:30,020 So 890 01:08:30,420 --> 01:08:32,420 Collectively you aren't interest on 891 01:08:33,300 --> 01:08:39,540 330,000 die right yeah, so what happens is that interest gets into this pot that 892 01:08:39,620 --> 01:08:43,620 That somebody so when you put it on a hundred die you get a hundred tickets 893 01:08:44,740 --> 01:08:50,020 Something like that and so if you get drawn you end up winning the 894 01:08:51,060 --> 01:08:53,060 The interest of that entire pot 895 01:08:53,860 --> 01:08:55,380 So rather than 896 01:08:55,860 --> 01:08:57,140 Putting your hundred 897 01:08:57,140 --> 01:09:02,500 Dollars worth of die in compound and earning interest the 5% interest on on a hundred dollars 898 01:09:03,060 --> 01:09:05,060 You're earning interest on 899 01:09:05,780 --> 01:09:09,460 330,000 dollars or you potentially 900 01:09:09,540 --> 01:09:13,860 Win and you could potentially win if you don't win then you you're hundred dollars didn't earn anything 901 01:09:14,180 --> 01:09:17,780 And you didn't lose it either you didn't lose it which is like that's the big kicker. Yeah 902 01:09:18,260 --> 01:09:21,780 It feels like a true lottery like you're just wasting money then yeah fuck this 903 01:09:21,780 --> 01:09:24,020 I wouldn't even want to endorse this yeah 904 01:09:24,740 --> 01:09:26,740 But this is cool. I like this 905 01:09:28,020 --> 01:09:30,900 And it looks like it's growing too because I think last time we looked at it 906 01:09:30,900 --> 01:09:34,500 It was I think it was like less than five grand or something like that. It was tiny 907 01:09:35,140 --> 01:09:44,180 Fuck man, you five yeah interest calculation compounds current die interest rate plus the amount of interest generated by sponsorship money 908 01:09:45,460 --> 01:09:47,460 Interesting 909 01:09:51,860 --> 01:09:54,660 Who sponsored die what does that even mean what? 910 01:09:55,780 --> 01:09:59,940 The compounds current die interest plus the amount of interest generated by sponsorship money 911 01:10:00,900 --> 01:10:03,140 So it's not telling me who the sponsor is 912 01:10:04,820 --> 01:10:06,820 So 913 01:10:08,580 --> 01:10:10,580 This is pretty cool 914 01:10:10,580 --> 01:10:13,940 But again, let's say you have a hundred thousand dollars worth of die 915 01:10:14,980 --> 01:10:17,300 In my opinion it's better to earn it 916 01:10:18,180 --> 01:10:21,380 Buy yourself so that you keep the interest rather than 917 01:10:22,420 --> 01:10:25,460 Put in a hundred thousand dollars in this pool where you potentially could lose 918 01:10:26,580 --> 01:10:27,940 Right 919 01:10:27,940 --> 01:10:30,820 And you don't get you don't gain any of that interest yeah 920 01:10:31,780 --> 01:10:37,940 But if you have a hundred thousand dollars you're essentially you're more likely to afford afford to the chance to win that 921 01:10:37,940 --> 01:10:39,940 True, you know what I mean 922 01:10:39,940 --> 01:10:43,620 So you can like whale this thing, but I don't know if it's worth it 923 01:10:43,940 --> 01:10:50,020 Yeah, didn't he's like show like what the actual individual contributions that you used to it used to let's see 924 01:10:50,900 --> 01:10:52,660 Yeah go go back down to the 925 01:10:53,620 --> 01:10:54,900 Click on it like the 926 01:10:54,900 --> 01:10:56,100 Join the pool 927 01:10:56,100 --> 01:10:58,100 No, not that 928 01:10:58,100 --> 01:11:00,660 The pool itself yeah, I tried nothing nothing yeah 929 01:11:06,580 --> 01:11:13,380 That's the prize before and by the time that this finished it's likely gonna be three hundred and five 930 01:11:14,500 --> 01:11:16,500 So the prize in one day 931 01:11:17,860 --> 01:11:19,540 You current players 932 01:11:19,540 --> 01:11:21,540 There we go 933 01:11:22,340 --> 01:11:24,740 See look at that fucking whale dude. Yeah 934 01:11:25,460 --> 01:11:29,540 They guys just killing the game right now he's got one and two 935 01:11:29,780 --> 01:11:32,260 He's got like up almost 50% probability 936 01:11:33,380 --> 01:11:34,660 So 937 01:11:34,660 --> 01:11:40,420 He's just raking it well that's about half half of that right yeah, so he's got like 50% of the tickets essentially 938 01:11:41,060 --> 01:11:43,060 All right in his hand 939 01:11:43,140 --> 01:11:49,940 See this guy that's to me I wouldn't I wouldn't go in what the hell you got a 50% chance to win 940 01:11:49,940 --> 01:11:51,940 What would I stick my currency in here 941 01:11:52,740 --> 01:12:00,900 So do the calculation then like what would he like what could he earn if you just put all more more more because he has only 942 01:12:01,380 --> 01:12:03,380 $138,000 right and 943 01:12:04,740 --> 01:12:06,740 The say 5% 944 01:12:08,100 --> 01:12:10,100 What is that? 945 01:12:10,100 --> 01:12:12,100 $5,000 in a year 946 01:12:12,660 --> 01:12:14,100 If I'd that by 10 that's 947 01:12:15,300 --> 01:12:17,300 $500 948 01:12:17,940 --> 01:12:19,940 I 949 01:12:21,700 --> 01:12:23,940 Not sure I don't know 950 01:12:23,940 --> 01:12:30,900 But he's doing it he sees a benefit I guess yeah, no he wants to whale this game and not only that so that he's earning 951 01:12:31,220 --> 01:12:33,620 He's earning $300 in a couple of days 952 01:12:34,660 --> 01:12:39,540 That's the difference right if you wanted to earn 500 dollars you could earn five on in a month 953 01:12:40,260 --> 01:12:45,780 True so you're earning 300 bucks in a few days. Yeah, that's the difference 954 01:12:48,100 --> 01:12:52,260 So yeah, that's I mean this this is all came from defy man. That's 955 01:12:54,420 --> 01:12:56,100 We're seeing something man. We're seeing something 956 01:12:57,460 --> 01:13:05,220 Cool stuff happening man. Yeah, yeah, that's called a dude. Okay, so yeah, that's that was the the interview with John 957 01:13:07,220 --> 01:13:13,220 It was good. We want to have him back on because we want to finish all these questions. Yeah, we'll see if he comes back 958 01:13:13,220 --> 01:13:15,220 Yeah, yeah next week 959 01:13:15,780 --> 01:13:21,540 You brother wants to come through oh, yeah, so we're thinking about live streaming a yeah unveiling of the 960 01:13:22,100 --> 01:13:26,180 We should 100% yeah, oh the Tesla what's called the model tea? 961 01:13:27,220 --> 01:13:31,220 I'm predicting that it's gonna it's gonna be called the model z 962 01:13:33,380 --> 01:13:36,180 Okay, it's got the xy and then the z 963 01:13:37,380 --> 01:13:39,860 Okay, right he started with sexy now 964 01:13:40,420 --> 01:13:48,180 What tricks are sexy? Well the model s model 3 model xy wow 965 01:13:48,900 --> 01:13:53,060 I never made that correlation. Oh you never made that connection. No. Yeah, he did on purpose 966 01:13:53,620 --> 01:13:56,660 course. He did yeah fucking weird dude 967 01:13:57,780 --> 01:14:02,660 And then and then so I'm saying that I think is gonna be called the model z 968 01:14:03,540 --> 01:14:05,540 sexy 969 01:14:06,260 --> 01:14:12,740 We'll see but yeah, healthy interesting, but so yeah, thank you for watching make sure you like and subscribe 970 01:14:14,020 --> 01:14:16,820 Follow us on Twitter at the block runner and 971 01:14:17,780 --> 01:14:20,900 We'll catch you next week. Yes, sir, all right peace