Hey guys, welcome back to the Conspiracy Podcast. What’s popping? What up, guys, it’s us. I hope you guys are doing well. Uh, we are on almost episode 80. Yeah, very close. Wow, 80 already. CRA notice that. So we have, what, you like professionals? Yeah, we have a catalog you could go back and listen to, a lot of, if MGM ever wants to think about purchasing our catalog, email me personally. That’s right. Today’s a good one. This is, this is uh, my own selection. Okay, there’s no, uh, ER, Rich, gu s, exactly, yeah. There’s no, this is not from anybody, this is just something I wanted to do for a long time.

Uh, and this is Bitcoin. Oh, I’ve been, I’ve been wanting to do this one too, I liked it. Bitcoin, I’ve been wanting, I’ve been wanting to own Bitcoin for, for a long time. It’s never been. Digital currency, the new wave, the new, the new everything. Yeah, we got to tell them. You going to break it down? What, we’re going to break it down. I was to say, we got start. I thought what we would do is we would make sure everybody knows what Bitcoin is. Okay, totally. What blockchain is, what, you know, the basics are, and then we can kind of talk about, and it’s like, yeah, like the purpose, like why does it even exist, like what the [bleep] is it?

So, um, Bitcoin is a type of digital money that you can use over the Internet. Unlike traditional money, which is issued and controlled by a government, correct. Bitcoin is decentralized, you will hear that word many times, and all, all that really means is, obviously, in terms of the financial system, and look, take America, all of our money is centralized, at, there’s a central, there’s a central issuing authority who controls the value and the issuance of that money, which is the, the, the Federal Reserve Bank. So is the central, the central monetary source of all of our income. And every country has their own version. Correct, most countries have, most banking systems are centralized, almost all of them are centralized.

But decentralized, meaning it is not governed and is not controlled by any one entity. It’s, in essence, the way that blockchain works, is it is controlled by everyone. Everyone who owns it is part of the ownership and part of the authority, which allows it to, to run. That’s right, absolutely, 100%. And to give you a simplistic difference between the two, so during 2020, uh, when all the businesses shut down, Etc, our government, the US government, and other governments out there, decided to print more money. Mhm, to facilitate the shutdown of the country. Yeah, well, they were also shelling out steamy checks. Yeah, yeah, to facilitate like one more week of groceries.

But essentially, they decided to print more money, and you cannot do that with Bitcoin. No. Now, just, it’s worth mentioning, during that time they printed, what’s the percentage of, of money in circulation? Think it was close to like 40%. It’s about 40%, over, over that time period. Yeah, 2020 to 2021 to 202. Yeah, so massive. Yeah, massive amounts of money pumped into the economy, which just basically devalues our, [bleep], deves money, causes inflation, and then caus is the pricing of things to Sky. This is why you’re paying basically a million dollars for a shack nowadays, for a house to live in. So, and if you don’t know, uh, the basic concept of supply and demand, so if you, if you have a pizza, or if you have a pie, and there are like, for example, uh, let’s say Mickey Mantel signed baseballs, M.

Yeah, yeah, let’s say there were one, it would be worth a [bleep] bazillion dollars. Okay, good. So then, so then Mickey Manel goes out and he signs 1010 more. It devalues, the, it, in essence, the value becomes, is equivalent to the amount of available, available items. That’s right. So then let’s say he goes out and signs a thousand more, yeah, then they become less, Val, that’s right. So if, if, if there are more of something, then the value of it is generally less. Supply and demand, basic, basic concept, you know what I mean, just to make sure. So when your government prints more money, the, the value of the dollar that you have is less.

Yeah, look at Zimbabwe. Yeah, they have like, they have like 101 billion bills. Legitimate. Uh, if you go down, and how much is the cheeseburger, ah, it’s going to be about1 billion, 18 billion. So this is not a dig on South America, but South America went through a major hyperinflation. Oh, of course. And a lot of, almost all of South America. Venezuela, [bleep], and not just recently, but uh, Venezuela did recently, but even Chile and Argentina, Etc, they went through that. So for example, I went to Chile and I had a dinner, and I sat at the dinner, I, it was a great dinner, phenomenal, blah blah, and then I went to pay the bill, and it was 16, right, but then I looked it closer and it was 16, comma, 500.

Okay, 16,000. So 16,500 Chilean pesos. Yeah, yeah, so a, as you can see, it’s not a u $16, it would be like 16 ,000, but the value of it, cuz there was hyperinflation, out of control. Yeah, I mean, that Mak sense. So, so how much was that in, in dollars? 20, 20 bucks. 20 bucks. Wow. And you see it, it happened, it was probably like some fancy, it, fantastic. Yeah, it, Eric only rolls on the fancy Steakhouse, like, economy class. Actually, economy plus, Ecom. It was actually a Peruvian, I don’t know if you’ve have Peruvian octopus, but it’s almost like a whole story, we’ll talk about it, we don’t got to get into all that.

The same thing happened. You peasants don’t know about octopus. Okay, we don’t got to get into all that. Like, what is that, is that a mythical creature? No, but the same thing happened before, for example, before Italy adopted the Euro system, it, Italy was on the L, and like L was just like worth [bleep] nothing, and you’d have like, you know, coins, 10,000 L, and like it would just, the, the, the value of the currency is so low that everyone has, so it’s, you get this absorbant amounts, even look, at it’s not the same, but it’s very similar in, in terms of, like, the, the equations of, like Yen.

Yeah, like, you know, it’s like you have like 100 billion yen, but that’s like, that’s like a million dollars. I, I, I know all about this, like my dad was a millionaire in Mexico, yeah, multiple times, but each time that there was a crash in the economy, in, in the peso. So upsetting, like, you’re broke, like, I made a million dollars, but then that million, like, you, Taco Bell in, in Mexico, Taco Bell in Mexico, my God, sorry, that was, you’re like, oh no, can’t the street tacos, was that racist? I mean, I’m was GNA say, you’re racist. So, what devil, we pick on Eric now?

They can see you. Okay, so I wanted to make sure we understood some of the basic terms of digital currency and Bitcoin before we talk about conspiracies, cuz not everybody knows about it. So a couple of things, right, we already went over decentralized, so corre, so you guys understand, basically, no one Central Bank is going to control this currency. Exactly, that’s right. So then there’s something called a digital wallet, so to use Bitcoin you need a digital wallet, so this is like an app on your phone or a computer, and it, it’s a series of numbers or letters that is your destination wallet, in essence, it’s like your own personal IP, in essence, like, that’s like identification protocol, it’s what allows you to have your unique footprint that allows you to claim your digital curen, your wallet.

Yeah, exactly. So, sending and receiving, when you want to send Bitcoin to someone, you enter Sean’s Bitcoin address, which is like his email or his wallet number, Etc, uh, and the amount you want to send. The transaction is then verified by other computers. Mhm. And this is where, again, at the blockchain, yeah, and so that is blockchain, chain, right, so thousands of computers around the world, they check the transaction of me sending $100 to him, they check and they verify, they check the log, they check the The Ledger, as they call it, and they make sure it’s legit, they make sure it’s okay, this is Eric’s wallet going to him, and they need multiple computers to do so, because it’s like an individual, it’s not like, oh, it’s like just one thing is saying it, it’s, it’s actually individually verified, so it’s non-biased, it, it almost makes it impossible to fake, impossible to, to, to, to [bleep] that system over, because it’s independently verified by random, it just picks them at random, it picks random, goes through random chains, and it’s like, okay, this is now verified.

So depending on the cryptocurrency that you’re using, usually it’s about 7 to 10 verifications. So you’re not lost, it’s, remember the Boeing episode we did? Yeah, and we talked about, like, redundancy. Oh yeah, they were like, at first it was the manand check, and then it was like your homie checks, then it’s like you just check it. So now just imagine 7 to 10 stranger computers checking, to make sure, just to make verify verify that your transaction is legit. Okay, yeah, and so that is the system of blockchain, it’s like peace of mind. Yeah, exactly. Yeah, so now you’ve probably heard the, the, the word or concept of mining, right, and now mining is confusing, I’ve tried to explain this to children, it’s very confusing, because it’s not actually Roblox.

Yeah, it’s not like a guy, like, hey, it’s not a physical thing. Yeah, get my B out of here now. But it’s the concept, it’s concept of what you’re doing. So there are other computers or servers, Etc, that are verifying your transactions, yeah, and the way that they get paid is by a block reward. So when they verify the, so say Sean, say, I’m sending him $100 for the beer or the, the, the water, there are other computer that are verifying our transaction on The Ledger, the quote unquote, the official Ledger. Now your Computer gets paid in a block reward per how many transactions you verify.

That’s right. So that’s why, when people have, like, they set up their, their giant mining rigs, and there’s all these computers, those computers are acting as part of the blockchain, verifying, verifying millions and millions and millions and millions of transactions, and based on how many transactions you verify, you get rewarded with. That’s right. So that’s why the whole mining craze happened, because you would, you would set up a computer, like back in the day, the original miners were just your normal computer with your normal graphics card, and you would mine like, like 10 Bitcoin a day, because the, because the value was so low. Yeah, I thought, I thought it had to do with like breaking some [bleep] code or some [bleep].

Well, there is a mathematical, like, they were like working all day long trying to break a code, and the computer’s like, do, doing this thing, and then it finally finds an answer, and it’s like, you’re rewarded with a Bitcoin. Yes. That is, that is, that is deep, deeper into how, other, they verify, it’s how that the computer verifies. So the more computing power, the more, uh, you’re likely to verify the transaction. Okay, yeah. So nowadays, because the value is so high, you see these like massive 100,000 square foot mining farms, and they need all this computer power in order to win the reward. Yeah, yeah, mathematical, tons of energy.

It’s like super expensive to keep it going, you need air conditioning, and you know, all this sort, kind of like this studio. Like, yeah, we could be mining right now. I don’t know. Well, because, if you think of like, imagine, like someone’s doing a transaction of like, hey, I’m sending a thousand Bitcoins, you know, it’s like you’re sending millions of dollarss, it’s not like they’re going to be like 2 + 2 equals 4, totally verified, right? You know, send it, [bleep], send. There is, there is a, a deeper cryptography, uh, classification that, that probably would go over the heads of me and, and ourselves, right, and we’re going to define the word cryp, cryptography in a second, and so that’ll give you a little bit more, like, information about it, right.

Uh, so that’s mining right now, uh, with Bitcoin. There’s 21 million Bitcoins total, total, that is the max ever, yeah, ever going to be created, there’s not like a new issue, it’s, it’s like, that’s it. And, and how many do we have in circulation right now? It’s about 18 million, give or take. Okay, yeah. So there are something called block rewards, right? Okay, and it’s what people are paid out on, on when they verify the transactions. Okay, yeah, and every time, and you’ve probably heard of the concept of Bitcoin having. Yes, having, right, we just had one. Yeah, exactly. So every 4 years or so, give or take, this having gets smaller and smaller, which basically means it’s like they cut in half what’s going to be available, rewarded.

Yeah, the amount of, the amount of rewards in Bitcoin given. So basically, you could imagine it like this, you have a bunch of employees, you have 10,000 employees, and you’re going to get paid X amount for finding the coin, or finding the block. Yeah, yeah. That is going to be slowly reduced over time, because the value in the supply and demand is finite. It’s also cuz the supply gets, once the supply, they’re not going to keep giving out the same number of rewards when the supply is like, there’s 100 left. Yeah, they’re not going to give you like, ex, 10, [bleep]. Yeah, exactly. So, so, so then what do, what do all these like computers in these warehouses do if they’re not going to get their, if they’re not going to get a transaction to verify?

Well, yeah, the way, and then get rewarded. Well, eventually it’s going to end in decades. No, but also, what do you mean? No, he, he’s saying the rewards will end. He’s saying, like, after, after all Bitcoin is, is in circulation. Yeah, so the, the idea behind it is that everyone will, every individual, own, like, everyone who owns it will, will be a part of the blockchain, and in order to keep the ecosystem alive, you have to be there verifying. Like, in order for the, the ecosystem to work, everyone’s doing it for everyone. But then you’re not rewarded at that point. No, because then it’s just, now it’s just an ecosystem of currency, and in order to keep that alive, in order to keep it valuable, you have to be verif transactions, cuz if, if, and no one’s verifying transactions, the Bitcoin, that, why would I want to keep verifying transactions?

I’m not getting rewarded. Well, do you want your Bitcoin to still have value? But you got to think of it, but if I’m just in it for the investment, and I have this Warehouse doing this [bleep] right now, thing is like, I’m going to shut that [bleep] down. But that’s going to be, that’s taking 50 years. Oh yeah, but, but still, but think of like, say, like you invested this money, say you invested this money to get Bitcoin, now you have Bitcoin, don’t you want to keep the value of that Bitcoin worth something? I just [bleep] pay Robin Hood a couple to get some robber, to get some Bitcoin, and that’s all I know.

He’s like, [bleep] blockchain in my, in my bread. No, but it’s a good question, but basically we’re talking decades. Okay, yeah, it’s not like, it’s not like tomorrow. Decades, okay. Now you got to imagine though, like back when Bitcoin was being mined on people’s gaming computers in 2010, yeah, the value of the Bitcoin was 50 cents. Yeah, it was like dirt. When, when did you first find out about Bitcoin? Uh, I was working at a company, and it was 2012, and an employee, and I don’t know if he listens to the show, but his name’s Gabe, yeah, and he said, hey, we should buy 10,000, uh, dollars worth of bitcoin, and it was like at 50 bucks.

He’d be literally a billionaire. Yeah, like an actual billionaire. Decided not to. You were like, [bleep] that. What the [bleep] is it, idiot? What about you? I found out this [bleep] like, [bleep] five years ago, I first heard about it when I was, it was like 200, 17ish, somewhere around there. So what was the price? I think it was around, at that time I don’t know, like 17 bucks or so, it was, it, it was less than 50, so it wasn’t like crazy high. And yeah, some people were telling me like, no, this is the next thing, blah blah blah, and I’m like, I don’t [bleep] get it.

[bleep] is a cold wallet and a hot wallet and a [bleep] this that, I’m like, this is way too like confusing [bleep] it, I’m out. Right, but God damn it, I wish, hopefully, hopefully this is a learned episode. Yeah, because we’re going to go over all those terms real quick. Yeah, yeah, yeah, yeah, yeah, let’s go over that. Um, but just to, to make sure, like, you got to understand is that the, the, the rewards go get smaller and smaller, but the value goes higher and higher. Exactly, right, cuz there’s, uh, scarcity. So like we were just saying, supply demand, right? That’s right. So, so maybe in 2015, it was like 64 Bitcoin per reward, okay, but now it’s six, okay, and then in 3 years it’s going to be three, mhm, and then, you know what I mean, but the price is [bleep] $70,000.

$70,000 for one. So we can, we can compare this to like the current system, which is, well, it was supposed to be backed by gold. Yeah, and gold is supposed to be finite, right, supply and demand, you’re not going to have unlimited gold, right? I mean, there’s, there’s so much that has not been mine, but it’s true, not right, uh, so then it gets to a point where if we were to find, like, this gold mine, and had like 10 times what we have right now, well, then it’s like, oh, well, we could just print more money, so then the value of the, of the thing goes down.

Well, now, but now there’s no gold standard. Yeah, but now there, yeah, now, now here’s the thing, now obviously I’m a little bit pro Bitcoin, but little bit. You can’t print more. No. So that’s the beautiful part about it, it’s not like Ethereum where they could just, like, technically they can make more if they wanted to, or like, that’s a, it’s not like, uh, it’s not like the government, though. It’s not like your dad, who made all this money, and then all of a sudden the [bleep] politician, like, [bleep] print it out. Me, you know what I mean, and then your, your dad’s [bleep], you know what I mean.

So, so a couple other, couple other terms we want to make sure we understand. Um, one is a hard fork compared to a soft fork. I have idea, never heard this before in my life. Okay, so you have probably seen that there are, I don’t know, a thousand different coins. Yeah, there’s a million. Why, there’s Boop coin, by the way, you guys are watching, Eric started Boop coin, we need some backup. I wish he startedin, to the mo, Bo coin, to the moon, I wish he started, I would be like, I would have a billion shares of Boom coin. Right, so, um, there’s a reason why there’s all these different coins, and there’s all these alterations.

So just imagine the Bible. Oh, that’s like they just made like, there’s the original, and then they’re like, this is the exact newest, B, 100%. So how many different variations are there of, of the Bible? Religions? 80 plus. That’s right. That is what, that is what crypto, the crypto market is, they’re literally just trying to duplicate what happened with, do they even do anything different? Like, yes, yes, each of them do something different. Each of them, just like a new name, like, fckin Bo coin. And you know, so there’s something they, so a hard fork, let me just say, do that, and then we’ll get.

So just imagine you have a, a path, right, and a path which is a ledger, and it’s A bank ledger. Yeah, so you have every, Sean and I did $100, uh, you and I did this, we went to [bleep] Chipotle, we had double meet, we did that, and all these things are, are, are forever recorded on this ledger. Okay, yeah, so you have a timeline. So then let’s say a bunch of people go, you know what, uh, this needs to be optimized and this needs to be changed. And so what we’re going to do is we’re going to create a fork in the road. Okay, and we’re going to keep the ledger up until the date of the fork, and we’re going to go off into another road, right, which is Bitcoin cash.

Have you ever heard of Bitcoin cash? Okay, there’s a bunch of different ones that, that are like this, right? So there’s like bunch of different variations of Bitcoin, right. Yeah, and they took a fork, and they said, oh well, it, it’s too slow, so we’re going to speed it up by, uh, raising the, the data limit on the transactions, whatever, like, blah blah, BL, techn, so they change it and they create a fork. And if it’s a hard fork, then that literally is a new ledger from that date forward. Okay. Okay, yeah, cool, that’s it. Yeah, all right. Yeah, so that’s, that’s, that’s what a hard fork is.

And then they just name it something else. Correct, Bitcoin cash, Bitcoin, Bitcoin King, Bitcoin tits. Yeah, yeah, butcoin, whatever. What about, like, those, like, the Dogecoin, for example? Yeah, same [bleep], just different name. Different name, now. Create, you can also mimic it, like Litecoin, for example. Litecoin was created by a person named Charlie Lee, and at the beginning of B, Bitcoin, he was like, whoa, this is amazing, but it’s too slow, so he copied the code and created his own coin at the same time. Okay, essentially. And like, there’s what’s called, like, there’s utility coins, and like, a utility coin is like something that actually, if there is a service, there is a utility for it, like, so there’s a use.

And then there’s like Dogecoin, which is purely meme, and it, it does nothing, there is nothing that it does, absolutely nothing, there’s no, there is no usability, whereas like other coins actually have like backend usability and the backend framework to, to, to do different things. I feel like this is giving me like 2017 vibes again, I’m just like, ah, this so [bleep] overwhelming, [bleep] it. But I, I think that’s, that’s a lot of people, that they just don’t get it, and they’re like, a lot, [bleep], like, I don’t get it, I’m out. But I figured we would go over the basics and try to, like, make sure we understand the concept before we even talk about the conspiracy of it, right?

We’ll get there. We’re getting there. So then there’s something called a soft fork. So the hard fork is where you do a hard, it’s a whole new ledger, it’s a whole new trans, like a whole new thing. Yeah, softwork is when the developers just say, hey, we need to do an upgrade, and we stay on the same path, little bit better. Yeah, it’s a little upgrade, little tweak, tweak. So there’s the differences, that’s soft, and it’s probably like what they did, like, cuz I remember at one point, like, transaction costs, like, if you wanted to, you wanted to like exchange, like $10 worth of bitcoin, it would cost you like $400, and you’re like, what, why am I doing?

Yeah, it, so like some, so for example, like me sending you money at dinner, say we go out to dinner and then you’re get to cash at me, yeah, it doesn’t work to send a Bitcoin when it’s a $20 transaction fee. Yeah, yeah, so they created these offshoots that were like, got to get paid. Yeah, yeah, exactly. So, there you go. Okay, uh, so that, yeah, any question, got it, Mak sense? Yeah, okay, good. So now we can kind of talk about Bitcoin. Yes. Yeah, now we get to the good [bleep]. Okay, Bitcoin story began in the chat rooms of the internet, of course, where everything begins, like redit, Reddit, the Genesis of life.

It was, it was amidst the turmoil of the 2008 financial crisis, of course, cuz everyone’s like [bleep] the financial systems. Yes. An unknown entity using the pseudo name Satoshi Nakamoto published a white paper titled Bitcoin, a peer-to-peer electronic cash system, and that was on October 31st, 2008. Okay, this is right in the heart of the crash. Oh yeah, yeah, I think it was right around March, April, is May, that they had the real big crash in 200, Leman Brothers fails. Yes. So if you don’t know what a, a white paper is, it’s basically just a mission statement of a technology. MH, okay, so like it’s just going over, this is the technology, the purpose, like the Jerry mire, Bitcoin, basically.

Yeah, exactly. Yeah, and that’s what’s considered a white paper. And so he wrote the white paper, Satoshi Nakamoto. Okay, yeah, the document detailed a decentralized digital currency that promised to eliminate the need for trusted third parties, like a bank. Mhm. Nakamoto’s vision was radical, a financial system that operated on cryptographic principles rather than institutional trust. Okay, y, so now, cryptography, what is cryptography? Cryptography is essentially how to encode and make a secure communication from A to B. Yeah, it’s like a, like an encryption. There you go. 100%. Okay, I mean, same, same [bleep] that, like, WhatsApp or like signal encrypt uses in ence, it’s like there’s a code that you need to break in order to, that data, basic, that’s the basic definition of cryptography.

Yeah, obviously I, I’m not a cryptographer, I, I don’t, you know, I’ll get a lot of [bleep] for that, you know what I mean, but like, there you go, that’s the basic definition of it. Yeah, on January 3rd, 2009, Nakamoto mined the first block of Bitcoin, known as the Genesis block. I love that, the Genesis blocks, like, [bleep], it’s like a [bleep] movie. So he inscribed the now famous message, “the times, 03 January 2009, Chancellor on brink of second bailout for banks.” That sounds cryptic as [bleep]. Yeah, chor. So, so what he’s talking about, though, what he’s talking about, though, is, remember in 2008 there was the crash, and then 2009 is when they started bailing out all the, of course, all the banks that [bleep] everybody over, they’re like, we need you, yeah, this was getting their bonuses, parachutes.

So this was a direct commentary on the instability of traditional banking system, and underscored the impetus behind bitcoin’s creation. And the Genesis, I mean, if there was ever a great time to roll out, I mean, it was like he was waiting, he was like, like he was like, finger on the trigger, like, come on, BBE, the timing is incredible. Yeah, honestly, but I mean, maybe that the timing of it was created, the urgency to do it, or maybe like, maybe he like saw like the writing on the wall, like, okay, shit’s going to go tits up, like, we should, I should probably, there’s probably a better way.

Yeah, or there’s a more sinister theory. I, I know, we will. So initially Bitcoin only attracted like a, like the group of crypto, cryptographers, uh, so it was like, it was very like, like, like I need a loan for a computer, uh, so it was very like enthusiast on a chat, you know what I mean, oh, we created thing, kind of like, u, the fanatics, the Roaring Kitty fanatics, the guys on like, no, it was like the guys on like 4chan, like deep in the [bleep] interweb, like, oh, [bleep] okay. Okay, so early adopters were driven by ideological beliefs in decentralization and privacy rather than financial gain.

It was more like, give the money back to the people. Yeah, and it’s compared to, I’m rich B, you know, like that whole like, that whole culture, right? It was also like impossible for you to send like, the only way for you to send money to people is, is through, through a bank, there’s no other way. It’s like, you can’t even, even for example, even like Cash App and, and Venmo, there’s, there’s, there’s limit, they track all that, they track it all, and there’s limits, and that’s still going through financial systems, right. I, I can’t cash out, you [bleep], 100 grand. Yeah, and like, you’re going to, then you’re going to pay transact, what you’re paying, whatever the bank’s transaction.

But it’s all like, yeah, like, how do you stay off the grid and like still get money? Makes sense. Hey, it’s Kaye Quok for Price Line, ready to go to your happy place for a happy price? Well, why didn’t you say so? Just download the Price Line app right now and save up to 60% on hotels. So whether it’s cousin Kevin’s kazoo concert in Kansas City, go Kevin, or Becky’s Bachelorette bash and Bermuda, you never have to miss a trip ever again. So download the Price Line app today. Your savings are waiting. Go to your happy place for a happy price. Got to your happy price.

Price Line. Ryan Reynolds here from mmobile. With the price of just about everything going up during inflation, we thought we’d bring our prices down. So to help us, we brought in a reverse auctioneer, which is apparently a thing. Mmobile unlimited premium wireless, get 30, 30, get 30, get 20, 20, 20, better, get 20, 20 better, get 15, 15, 15, 15, just 15 bucks a month. So give it a try at mintmobile.com. Switch. $45 up front for 3 months, plus taxes and fees. Promo rate for new customers, for limited time, unlimited, more than 40 GB per month slows. Full terms at Min Mobile. So Nakamoto continued to work on the development of it, and to like improve the Bitcoin technology, uh, alongside another small group of contributors, and it was all via email and chat boards and that sort of thing.

By 2010, Nakamoto handed over the network key in the control of the code to Gavin Anderson, who was, who’s that? Who was a prominent developer. Oh, okay. Yeah, in May 2010, bitcoin’s first real world transaction took place when llo paid $10,000, 10,000 Bitcoin for two pizzas. For two pizzas. Oh [bleep], I remember that guy getting interviewed and he’s like, yeah, you know what, [bleep] Whatever. Now, keep in mind, at that time, I try not to think about it, like that would have been me in the bedroom reading a book with some barbituates, [bleep], it’s some liquor every night, I know, like, please, just end it now.

Now, keep in mind, uh, at the time you could M, like, a 100 Bitcoin a day. I know, and also Bitcoin was worth like one, two cents. It was like, [bleep], exactly. So I think the, the value of those pizzas was like 50, 60 bucks. Yeah, okay, for 10,000. You imagine, but now it’s upsetting because it would have been, it would have been billions of dollars, or whatever, I don’t know the math, but 10,000 time 70,000, like, I don’t even want to do that. I know, it’s like there’s too many Z. Calculator is not going to work on. I think it’s like, it’s think it’s like 70, 7 billion.

I think it’s 7 billion. I’m going to tell you right now, 10,000, 700. 10,000, 70,000, 700 million. 700 million, okay, that was close, one zero off. Yeah, so this event marked the first transaction in the real world. Mhm, because before, there’s no marketplace, there’s no coinbase, there’s no, there’s no place to do anything, there’s no eBay, there’s no nothing. It was, it was the first time, it was like a message board, where was like, hey, I’ll give you 10,000 for this, you give me like, uh, you get me like a 22 lever action, I don’t know, you know what I mean, like, there was, he like, cool, sold.

So [bleep] it, let’s do it. I know, I would love to be like that pizza guy. Now he’s like, [bleep], [bleep] best, best in my life. So Satoshi Nakamoto, though, is, is one of the more intriguing parts of the story, because he created this under that pseudo name. Yeah, [bleep] vanish. Uh, but his identity remains a mystery, despite extensive investigation and speculation, no one has proven who Nakamoto is. The person or group behind this name has remained elusive, and he disappeared in 2011. You sure it’s not this Gary Anderson guy who gave the key to? Yeah, he’s like, he gave the key, Gary Anders. So Nakamoto first appeared on the scene in 2008 with the publication of the white paper.

BL, he laid out the fundamental principles of peer-to-peer electronic cash system, uh, the genius of nakamoto’s was, designed lay in solving the double spend problem without the need for a central authority. So it was the, it was the mining. Yeah, that was the genius of it, was, was like, it was the redundancy, it was, yeah, it’s like, hey, you verify the transaction and you get a little kickback from it. Yes, that’s right. Okay, in April 2011, Nakamoto sent his last known email to fellow Bitcoin developer, stating he moved on to other things. Right, he like, he’s probably like the [bleep] chairman of the [bleep] Federal Reserve Bank right now.

Since then, since then, Nakamoto vanished, he’s, he’s left no traces of his true identity, and nobody knows who he is. Wow, I mean, I mean, of all the, that’s the, that’s like the best story of all, like, he, he’s like, I leave you with this, goodbye. Is not insane, that’s weird, it’s a little bit insane. It’s insane because it’s now a multi-trillion dollar market. I know. Yeah, it’s like, in, it’s like, what? Yeah, so nakamoto’s, I’m super surprised, like, no one’s that come out on their death bed, I’m Nakoto. No, some people have, I bet, they Cooper, we’re gonna go, I am DB Cooper and Satoshi.

We’re gonna, we’re gonna go over a couple of these people, but, uh, so nakamoto’s disappearance fueled speculation, intrigue. Several theories have emerged over the years about his identity. Some believe Nakamoto is a single individual, while others suspect that he’s a group of people. Second, uh, ethers suspect that he’s a group of scientists from the government trying to create a one world order. Yeah, that’s the one I’ve heard, maybe. Like, maybe satoshi’s like, it’s like Fight Club, it’s like they’re, they’re all [bleep] Tyler Duran, all, I am Satoshi. So here are, here are the top, I guess you would call them the top posses of Satoshi.

Okay, yeah, one is halin. Halin is a renowned cograph and the first person to receive a transaction from Nakamoto. So it is verified that he received the first transfer, so of course, smartly, probably sent it to yourself. Yeah, yeah, he’s part of it. Let’s see what happens here. So even if he’s not Satoshi, he’s part of it. Yeah, okay, cuz he was, he received the first, somehow knows him, somehow. Yeah, uh, finny was heavily involved in the early development of Bitcoin and had the technical expertise to do it. However, finny consistently denied being Nakamoto and maintained that he was simply an enthusiastic supporter. Now, he died, um, a few years ago.

M, and that’s the end of it. How, how did he die? He, I think it was Parkinson’s. Okay, and then he slowly, fine, digressed into, uh, just being in a wheelchair. Okay, and then he didn’t, he, he, he wasn’t like alcohol and barbit, he wasn’t like reading a book, sad story. Because I bet he’s a billionaire right now. Well, he would have, or his wallet would have, his wallet’s a billionaire, it’s wallet, yeah, you know what I mean. Yeah, so like, it’s kind of a sad story, kind of crazy how it adds to the scarcity cuz that Bitcoin is lost. Oh yeah, if you don’t have, if you don’t have the key, you’re [bleep], it’s dead, it cee to cease to exist.

So then that means, like, the scarcity is even more. Well, I think that’s wild, is like, you see all these like random wallets will come online after 10 years, and they like, $800 million with a Bitcoin, and they’re like, what the [bleep]? Another one is Nick Zabo, uh, he’s a frequent mentioned name, and he’s a computer scientist and cryptographer known for his work on digital contracts and currency. He’s, his creation of Bit Gold, a precursor to bitcoin, shares many of the similarities of bitcoin’s design. So there was another digital currency created earlier called Bit Gold, this didn’t catch on, it just didn’t catch on. Yeah, so, and some people say, oh, we’ve analyzed his writings and is very similar, and that sort of thing, but there you go.

Uh, Dorian Nakamoto, this one’s hilarious, this is in 2014, a Newsweek article claimed that Dorian Nakamoto, a Japanese American living in California, was the creator of Bitcoin. The article pointed to various circumstantial pieces of evidence, but Dorian denied any involvement, saying he never even heard of Bitcoin until his name is involved. Kind like an older, like a random dude, like, what the [bleep] are you talking? He’s kind of like an older man, and his name is Dorian Nakamoto, but it’s hilarious because the, the, the media, when it took off originally, like anonymous soures, he is the, yeah, so they were like, Dorian is the guy, just because he happens to have Nakam, he doesn’t even own a computer.

He’s like, what are you talking, I don’t buy it. He seems super, uh, aloof and like a dude. Yeah, that sort of thing. The other one is Craig Wright. Now, most people in the crypto markets hate Craig, Craig Wright, because he constantly says publicly that he is the creator. Oh, so everyone’s like, [bleep], he’s the guy that you’re talking about, like on the deathbed, but he’s not even on his death, like, I am him. No, he constantly says, I am him, what if he actually is? And he’s like, please believe me, I swear, I, I didn’t. They’re like a [bleep] loser. So here’s the weird part about it, here’s the weird part about it, he has provided evidence that, that people suspect that he doctored, to prove that he’s him, because he said he wanted to get the keys to the original wallet.

Oh, how much is. And he went to court, and it was determined that it wasn’t him, but he continues to say that it was him. It’s a conspiracy, I tell you, I am him, I’m a py, just give me that tril, just give me that tril. Yeah, exactly, I swear I’m in. Uh, most people think that’s, it’s pretty absurd, and he’s kind of like a guy just, just trying to get paid. Trying to get paid, of course. Yeah, so then, of course, and there, the conspiracies, and we’ll get to the end of, on the conspiracies, read the last one, what’s, what’s the last one on there?

Well, the other theory is that it’s the government. Finally, we go now, we getting somewhere, after decades going, this is the one world, like, they couldn’t do it with the Euro, right, like, like, because they, the Euro, you mean the amo. Well, they tried to make the Euro, like, the Euro is European currency over, like, what, 15 countries? Yeah, something crazy. And so the idea of the conspiracy of the government is that they are creating a One World. Well, there’s New World Order, there’s another, there’s another conspiracy about that, too, but I, we’ll wait, I guess we’ll wait till the end. Yeah, so we’re just going to go over a couple of things on the timeline so you guys are caught up to present day.

Okay, and so in 2001, there was something called the Silk Road, you ever heard of the ro? Yeah, that’s where people are buying [bleep], like heroin and [bleep]. So this is Ross, and um, he was under the pseudo name Dead Pirate Roberts, uh, love it, and he created, I mean, it, it actually made sense, which, which was at before 2011, there was nowhere that you could, there was no marketplace, no, there was no place to, to use cryptocurrency, yeah, exactly, so there was nowhere to do it. So he created something called the Silk Road. Okay, right. And the Silk Road, unfortunately, this became like the black market, he took it too far and he said, anything, yeah, whatever you want.

There’s like a whole movie about it, right? Yeah, there’s a whole movie, and I think it’s called Silk Road, yeah, I think so. Yeah, and um, I mean, he was making millions, ions, in a day and crashing and this, but he was also selling ues, dude, selling everything, drugs, drugs, anything, anything. So it Was, it was taking freedoms too far. Yeah, it was like way too much. Yeah, right, so it was like, you know, there’s obviously a limit of what you should be selling. Yeah, so in 203, freedom from of Bitcoin, but you don’t have freedom of selling. Yeah, so in 2013, the FBI shut down Silk Road and arrested him, seizing 14, 44,000 Bitcoins in the process.

Oh, the government’s like, we’re going to need that. So that was a massive hit to the Bitcoin world, and the price crashed, and there was no more market. 144,000 Bitcoins, that’s like, that’s like over 10 billion. That’s almost, that’s almost 20 billion. The, the, the hip is like, they, it just got associated with this like underground [bleep], black dirty, black market, dirty coins, and you know, this dirty coin, dir, this is a drug thing, you know, all the, all the, all the financial analysts are like, this is for criminals. Yeah, yeah, this, this currency is not real and is for criminals. Well, the, the, the media, financial media, you know, just pushing that narrative, but anyway.

Yeah, exactly, open. So then, uh, going forward a little bit, um, there was an exchange, like a marketplace, so they started to kind of build up and get into marketplaces, the, the price started to rise, it was all great, everybody was making money. And one of the earliest exchanges was called Mount coau, and it was originally a platform for trading magic cards, [bleep], yeah, you know, magic the ga, [bleep], I used to love playing Magic, but it was repurposed for Bitcoin by trading, and later, later sold. At that time, Mount Cox handled 70% of all transactions for Bitcoin. Oh my godo. Yeah, but in 2014, it was hacked.

Oh [bleep], God damn it, like, all good things come. It was hacked, and uh, they admitted, and they filed for bankruptcy, and approximately 850,000 Bitcoin were stolen, which was about half a billion dollars at the time. Oh my God, that is like literally, like $70 billion right now. Know, so it caused a collapse, a massive drop, and it, it actually put Bitcoin into the darkness, like it put Bitcoin into a dark, the dark, two or three years. What year was this? 2014. Okay, yeah, so, and I don’t really have the prices with me, but essentially, right here, let’s see, see, yep, that’s when it actually was, the, the first crash, you can see here, we put, we can put this graph up for you guys, but we’ll, we’ll put up.

So I guess it was like about a, bucks. No, no, dude, it was like maybe like 20, and then what did it crash to? That’s when it, that’s when it crashed. 2014, it was over a, it was, it was spiked, spiked at 12200. Yeah, so just imagine, you have, you have 10 at a th000, you’re like, and it goes down to 20 bucks, and you’re like, that’s, that is like 90%, 95%. Anyways, yeah, that’s story of my life, though, every time I [bleep] buy this [bleep], the top. So after 2014, bitcoin’s narrative began to shift, venture capitalist started to flow into Bitcoin startups, it became like, from a marketing standpoint, it became the gold, the gold, digital currency gold, you know what I mean, and it just started to grow, it started to grow, grow, grow, grow.

The technology started to invol, evolve, in 2017, with incre, like, upgrades, speed, capacity, they started doing forks, that, when, that’s when Bitcoin cash, Bitcoin gold, Bitcoin SV, all these for started to happen, Etc, right. And so that’s also when it started to get regulatory scrutiny, legal status, course, of course, the man’s going to want to get his little, get a little taste. I, I can’t tax this. I know, what’s happen here? So right now I need my 2% transaction fee. So right now, it’s not really dubbed a currency, but it’s dubbed an asset, it’s a difference, because you’re paying more taxes on your gains. Yeah, capital gains tax.

Yeah, you’re not, yeah, you’re not, you’re not, you’re not paying like income tax. Yeah, there’s all these legal ramifications of it. So you have, on one side you have the, the conspiracy, and the people who are, I guess, are financial leaders who kind of consider Bitcoin to be a criminals haven. But I mean, nowadays, not now, like, now, now they’re all like, like, buy this [bleep] up, less. But here, start that way, though, here’s the point, is, in, in a bank, bank transaction, the government can track anything above 10 grand, or what is it, five grand, 10 grand? Anything above 10 grand, anything under 10 grand is, has flagged, and like the they’ll actually flag it.

Cryptocurrency, no, doesn’t matter, nothing can se, be seen, it’s all hidden. But it’s also like that, you look at like, what, for example, everyone uses credit cards, and this was like the great, this was the great [bleep] play by the financial systems, everyone used credit cards. Now, look, every credit card, you’re paying like, most place, places who take credit cards, well, almost all places who take credit cards have to pay processing fees, yeah, to process that money, and while it’s a small percentage, 1 to 2%, sometimes 3%, like 3% of a [bleep] billion transactions a day, yes, it’s like crazy amounts of money, that’s why Visa is one of the top, it’s so much [bleep] money, it’s crazy amounts of money.

So it’s like, obviously you want to control, you want to control the, the use and how, how it can be used, so much money. Oh yeah, yeah, that’s right. So, so bitcoin’s journey from obscure white paper, for 0.005% of a, of a coin, or of a price, has, has gone global into a digital asset, and it’s turned into a multi-trillion dollar industry. The identity of Satoshi Nakamoto is a mystery still, but what’s strange is, what’s strange, or not strange about it, is you can still see his wallet. How much is in it? Oh yeah, yeah, you know, how much in his, you could Google what his wallet is and you can go see it.

Has, did, did he have to, uh, publicize that? Hundreds of billions of dollars. Wow. And it’s just sitting there. He doesn’t have to, but it’s a, he did, but he did. Whole point, Bitcoin, it’s a public ledger. Yeah, it’s public ledger. Yeah, but how do you know that’s his, is my point. How do I know it’s yours? How do I know? The reason why is because he did the first block, you go in the ler, he, the, he, the first one, number one. Okay, so, and has hundreds of billions dollars. Well, and that’s the only reason, that’s the only reason they know it’s his, but like otherwise, like for example, like you’ll see wallets that will come online, and there’s people who track wallets that come, become active, and you don’t know who it is, because it’s just, it’s just a random string of numbers, and that’s part of, yeah, the anonity, and they’ll be like, oh hey, this person has x amount of dollars, just [bleep] came active, but you don’t, you have no [bleep] it is, they just say another whale.

Yeah, another whale. But you knew, you knew Satoshi, cuz it was like the number one, of course. So satoshi’s wallet is 600,000 Bitcoin. Oo, wow, which is estimated today around 50 billion. Oh my God, I am Satoshi, surprise, surpr, surprise, I’m gna need Gary to give me the, the network key back. But you see, like, it hasn’t moved, cuz you could see every transaction. Mhm. So he hasn’t even sold one. Yeah, watch, it, like literally like, like December 17th, 2024, it’s like, SOI sells, liquidates all. So then the question becomes, a, does he have such moral fiber of his vision of the white paper that he can’t do, like, or is he dead, or does he, did he ever really exist?

So in other words, does he have diamond hands? The original diamond hands. No, it’s right, the orinal, he’s waiting until it hits, let’s assume he’s alive, right. I think it could be that, I going 100K, maybe. Yeah, he knows it’s going to go into multiple hundred thousands eventually, and then he’s the richest man in the universe. He’s like, [bleep], I mean, yeah, no, that’s a good point, like, what are you going to do with another 20 billion? I already got 50, so much unable amount of money. So, so you’re telling me he’s never sold even one? Yeah, so it’s, it’s either, it’s got to be last, I mean, the original transactions are there, meaning he did send some.

Yeah, but then that was after that, but that was like, an, you could see it, emails, and he said, I sent this to you. Yeah, or like check it, check your wallet, and that’s when it was like at the beginning stages. That’s right. Also another question posed, what happens if it moves? People start panicking, [bleep] crash. Hell yeah, SOI just sold all Bitcoin, everyone’s like, are you kidding? Bitcoin goes, goes to literally zero. The GME guy, he started selling. Know, everybody start selling with him. I know, god, but it’s even more than Roaring Kitty. Way, and there’s also 50 billion, and there’s also, like, there’s laws about, like, what, how much you can sell, when you, blah blah blah blah blah.

Like, there’s no [bleep] like, he could sell all the Bitcoin right now, there ain’t nobody going to stop. Wait, wait, wait, so you’re saying if I had a, a billion dollars of a stock, like, I can’t just sell it? Uh, there’s, it depends on the, the percentage, the, like for example, if you own, if you own more than 5% of a stock, you have to file a specific form with the SEC before you can sell. And like, they have to like make sure you’re not like [bleep], like, you be news related. Yeah, it has to be almost like a random, meaning you can’t sell prior to earnings if you know the earnings are exactly.

No, they won’t let you. Yeah, it’s like the quarterly, quarterly earnings about to come out, like, I think I’d like to sell. All, they’re like, no, no, no, you have to wait until the public has the same data that you have, especially if you’re an insider. Well, especi, if you, if you own 5%, you, you, you’re an insider. You’re an insider, like, you know, [bleep] that’s going on there. But with Bitcoin, is not the case. No, Bitcoin, you sell, I sell tonight. Also, Bitcoin is not a public company, right? It’s no. Yeah, it’s just a coin, it’s nothing, it’s owned by everybody, nothing. Yeah, so today Bitcoin is nearly at $70,000 per Bitcoin, uh, it has an average daily trading volume of, of almost $30 billion, [bleep], every day, it’s like insane.

With only 21 million coins ever to be in existence, it rivals gold because there’s a scarcity of it. M, and so there we go. I mean, the concept is that the scarcity continues, yeah, and that’s why it continues to grow, to grow, and there’s less of it every day. Yeah, so there’s no possibility of printing more, so in theory, there’s no reason why it shouldn’t keep going up forever, forever, at infinitum. So I have many questions. Yes, I have many questions. One, Satoshi Nakamoto, who is he, where is he, and what happened? Well, there’s a theory that I thought was really interesting, and I’m bringing this up now because it might tie into whoo, she is.

Okay, the, there, I forget who said this, but it was like, in essence, the, the governments created, they created bitcoin to, to create a distrust of the financial, of the, the true financial markets, and true assets, and true, like you know, true money, get everyone interested in this, so that they can just own everything. And by the time it [bleep] tanks out or fails, and people want to go back, they, they literally own everything that’s of actual value, they own, they trick, like tricking you into thinking that this thing, it could be valuable, with, like, with the concept of it being, you know, obviously people are going to gravitate to, oh, it’s decentralized, oh, it’s anonymity, all this stuff, you know, get you to do that, knowing that at any point in time they can just pull the plug on it, or just like make it [bleep] [bleep].

And then, oh, I hope not, that’s so dark. I know, that’s, I’m saying, that’s a dark, it’s a dark theory. It’s a dark theory. It’s like, cool, we create this to create distrust in the financial markets, so that the financial markets can be, because obviously the financial markets, the, the big thing is that, like, you know, people can, can be owners of, of all of these institutions, and you could be, you could have a say, and like you have like voting rights, contr, if you then get all the regular [bleep] Joe Sho out, then it’s just only [bleep] controlled by all the people who are on the ends.

You try to get back in, it’s like, it’s going to cost you. Oh, you can get back in at a premium. So I thought that was an interesting theory, granted, that was like a super long play, you know, it’s like a, a 14e play. Talk when we did the, uh, Rockefellers, uh, episode, remember we talked about long plays? Oh dude, they were all about, they were like generational plays, they’re thinking like for my grandkids. I can only think until like maybe August. That’s too far, that’s too far for me, bro. They’re like thinking, oh, I’m thinking to next week. I’m like, next week, am I good?

Am, am I going to make it? All right, so I think that maybe Satoshi is just a, is a figurehead, he’s, he’s just, he’s just part of, part of the system, part of the trial. I think that my personal belief is that Bitcoin was, was done as a trial to see what would happen. And also, as not, maybe, maybe it kind of evolved into a way to like, oh okay, now we can manipulate people out. But I think it was a way to test, to test what would happen, because if it, you got to think of it from their viewpoint, as, like, if someone else does this and it takes off and we’re not in control, we’re [bleep].

So let’s see what happens, and then they, they just so happen to create the [bleep], the gold standard, and they’re like, oh okay, which government was the one behind it? Oh, us, of course. Okay, 100%, no, without a question, this is a global, a global, it’s a global thing, but it started, it started, can I call it a currency, but it started, it started in the US. Global digital, started the, it started in the US. Japanese? Yeah, well, sat, it was another pseudonym, Satoshi Nakamoto, but it started in the US, so that’s why I think it’s 100% the US government, because if it wasn’t, why would they start it here?

Yeah, like you’re not, g, like, [bleep], now it’s like [bleep], like, you know, you would start it in your own country. So that’s, but if it was started by the government like that, you don’t think, like, other governments, like let’s say the Chinese government, would have figured that out, and then, like, the Chinese government owns a lot of Bitcoin. Exactly, a lot of countries are buying Bitcoin, actually. But, but that, that’s actually, yeah, that’s actually bad if it was the US, go. I think, but I, it’s bad for us cuz they’re owning all that [bleep], it’s like, it’s like gold. And no, it’s not, because if they actually own it all, they need to do is like activate satoshi’s wallet, dump it, [bleep], you imagine?

Yeah, like remember, like Eric said, imagine if, imagine if satoshi’s wallet activated and he dumped all of it, right, the trust in Bitcoin would vanish, and then everyone dumps it, and and all the money that China and all these other countries dumped is all wor zero. Was that part of the strategy, maybe? It is. Get everyone, buy it all, buy it all, dump it, dump it, crash it, like, and now everybody’s broke, which we can control even more. Now, oh dude, what if they bump it up, they cash out Satoshi thing, they’re like, sweet, we just got like, we just got like a couple hundred billion.

Dope. And then all everyone else dies, and then we’re like, so scary, because you know, nowadays all the big players are, are in Bitcoin, like all the big money. I was going to say that we didn’t even get into the, the fact that now, okay, so it started off as like the black sheep of the financial markets, but nowadays all the hedge funds and all these like big institutional banks got into this thing called ETFs, which is stands for electronic traded funds, which just basically means it’s like, it’s like a c, like a created stock that invest in Bitcoin, but you can buy into shares of that, right, a little bit sheltered, a little bit.

Yeah, so my point is, like, they’re all making money, and so now it just normalizes it even more, right? Um, this is, this is a hard one, honestly, like, this is, there, but if I had to say, first off, Satoshi, yeah, the guy does. First question was, who is he, does he exist, ET, emails from him, there’s the guy, he created it. Oh, somebody sends an email, they have to be real? I mean, come on. I know, but I’m, I’m just saying, it is a persona, and there’s like three emails, that’s what it is, it’s a persona. I don’t, some created, I don’t think it was a real person.

Oh God, I think that my theory would have to be around, like, that the government, uh, was behind, our government was behind that, because of the whole, you remember I, I mentioned amaro, and there was a time that there was some, yeah, there was a push for this whole digital currency. Now, if you think about it, like we do credit cards, that’s already digital currency, right? So we’re already kind of used to that, but they don’t, they don’t really control everything, not fully, right? So then, okay, so if we come out with this other thing that’s supposed to be anti-government, right, but if they’re behind it, they keep the control, and now they’re able to roll out, and people think they have, people think they have control, they’re like, I’m in control, and they’re like, yeah, you are.

Now it’s not just an, which was supposed to be Canada, it was just North America, Canada, Mexico. America’s like, [bleep] this, [bleep]. Yeah, but now, good n, sorry Canada, they’re like, how much the pce, we’re good, we’re good, it’s kind of like, uh, like it’s probably like, like England did in the European, here, they’re like, [bleep] this, we’re sick of pay for all your [bleep], we’re out of here, keep the sterling pound. I know, but now, but now it’s, it’s actually not just that, now, they, they went global with this [bleep], and so now, you know, we get into faed the Euro. No, I’m talking about Bitcoin.

No, Theo, Theo failed, the marrow failed. So that’s why I’m saying, they kind of, they came up with this strategy so that, thinking long term, the very long game, because everything has to be so, like, gradient, little by little, little by little, see, just a, see, like, it’s, that’s that long, that longterm play, that’s the only way you can control mass populations, it has to be little by little, otherwise, is if it’s too dr, then that’s when you get like, [bleep], you get us retion, yeah, you get revolutions, they [bleep] hang you in the [bleep] courtyard. You get co, yeah, exactly. Sorry, sorry for real, like, think about that, like, first stay home, then it’s like, oh, you got to do 6 feet, oh, then you got to do a mask, you know, and it’s like, stay in place, what was it called, going to do the miror?

No, no, uh, stay in shelter, stay shelter in, shelter in place, bunker down. Yeah, some weird thing, like what, which, by the way, just, just on that, quick, quick thing on that topic, you know, fouchy testified, and like, I made it up, yeah, pull that [bleep] out of my ass. Now, Eric, what is your take? Le, at least he’s rich. Yeah, and not getting, going to prison. So here’s my take on it, I think Satoshi was real, uh, I don’t think he was an agent of the government. Eris got too much at stake, he needs, he, he needs him to Be real. I need Satoshi to be real.

I think he was born, or he, he did action out of the 2008 crisis, and he was so mad or upset about the two, like the, the manipulation and the insidious, uh, bankers of the world, that he created this. Yeah, and then he died. I mean, I like, he died, he just died, or was he killed? No, he just died, di, he like, all that sunet, he just died. And then, and then, well, you’re just assuming that he’s like some old dude. I don’t know, maybe. But he died? I don’t believe that a human could not take billion. I know, I’d be like, something. Like, even look at Roaring Kitty.

Yeah, he’s like, I sell a little bit, came back. He came back after three years. Yeah, there was no reason. He, he didn’t need to do that. No, no, he didn’t need to. Yeah, and I, I, I dig the guy, I think he’s cool, but Satoshi didn’t, especially when it got, became like the, bigg, 100 times bigger, hundred million times. Jesus. So I think he just died, and then I think this is a self created thing, and then I want to believe. What? The government, now, the governments are going, holy [bleep], what if this goes to a million, million, oh, they’re like, we got to be a part of this.

So as a hedge, they’re buy, they’re buying all of it. Yeah, the, they’re like, give me 10% of it, as much as you got, we’ll buy, as a hedge, yeah, just in case. Yeah, and it’s a wild card, it’s a [bleep] wild card. That’s actually a good theory. Actually good theory. Yeah, there you go, that’s what I got. What do you guys think? So, so you think in the future, uh, I, I think it’s, it’s up to the masses, honestly, it’s a mass, I don’t know if it’s good or bad, it could be bad, it could, say. Yeah, because there’s, there’s masses. So one day you’re going to go to [bleep], you, you go to Taco Bell, and you’re going to pay with your Bitcoin, uh, uh, or, or a fork of it.

Okay, yeah, Bitcoin plus. I think, I think the transaction fees alone are, are not worth. No, all, not worth. They haven’t got that, they haven’t got that figured it out. They haven’t got that. But now it’s kind of turned into this weird asset, like a weird like retirement asset, like gold. Like, you ever meet, like a dude who’s like, yeah, I got like 20 grand of silver under my bed? Yeah, but the thing is, like, kind of concept, but, but you know, that golden sil are never going to change. Now, there’s another, real quick, there’s another whole thing about it, which is the, the whole black, blockchain technology, and how you can use it just to transfer assets from one person to another.

So, so people have sold their house, right, with, with this, with this technology. You think that’s going to get rolled out in the future? I think it should, already part of our system now. Yeah, I think some of the blockchain contracts are already part of our system, we don’t even know it. You know, especially with this whole AI rolling out, like it’s getting, I mean, you mix block with AI, oh man, it’s like [bleep] wild. Yeah, yeah, I mean, I don’t even know what I do anymore for a living, I just feed the machine, I’m just going to podcast all day and let the AI.

That’s why we need you as a Patreon. Give us that Patreon, please. Yeah, anyways, we’re sweating to death. Yeah, please tell us your thoughts, love to hear back from you guys, we love it. And um, as always, night night.