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Leadership and Authority in a Bitcoin Society with Aleks Svetski

Jul 1, 2024

Leadership and Authority in a Bitcoin Society with Aleks Svetski

Leadership and Authority in a Bitcoin Society with Aleks Svetski

Key Takeaways

In this episode of What Bitcoin Did, Aleks Svetski and host Peter McCormack explore a wide range of topics, including personal growth, libertarianism, and governance. Svetski discusses his shift from libertarianism, criticizing it as naive for underestimating the need for leadership and dealing with real-world complexities. He advocates for governance by independent city-states or nation-states led by strong leadership. The discussion critiques democratic systems for ineffective decision-making by career politicians and highlights the virtues of integrity and responsibility in leadership. Svetski also believes Bitcoin promotes beauty and excellence by fostering long-term value creation and low time preference.

Best Quotes

  1. "Libertarians always lose because they have this kind of fantasy. They believe that there can be an absence of power or leadership or anything, that the market can handle everything."
  2. "The world would run better as many, many independent city states or nation states where leadership and rule is vested in a few."
  3. "You can't have just blanket freedoms. You need to have the responsibilities that come along with that."
  4. "You want authoritarianism, you don't want totalitarianism. Authority means earned competence."
  5. "For us to reclaim civilization, we need to reclaim our relationship with beauty and power... beauty is the highest pursuit."
  6. "Bitcoin is a framework for beauty and excellence because by lowering the time preference, you create the space to produce beautiful things again."


Alex Svetski presents a thought-provoking narrative that challenges conventional political and social theories, showcasing his shift from libertarianism to advocating for strong leadership and structured governance. Svetski's views on leadership, authority, and Bitcoin's potential to promote societal beauty and excellence stimulate important discussions on governance, responsibility, and virtue. He emphasizes the need for adaptation and new paradigms to progress towards a more beautiful and prosperous society in an increasingly complex world.


00:00:00 Governance & power vacuums
00:16:26 Monarchy; dictatorship; revolution
00:28:17 Women vs men
00:41:41 Democracy; populists; leadership
00:56:46 Bushido; duty; localism
01:12:25 CEO-kings; authority
01:27:27 Vicious cycles; beauty paradox


(00:03) Alex fety all right how you doing brother I'm good you the last time we saw each other in Madera you said you have questions that is very true it wasn't the that was a weird panel that was that was a great panel do you know what I kept m in a touch I kept getting good feedback from the mic uh from um from the panel everyone was coming up saying that was like the best panel of the um of the conference I heard the say I mean you don't want to keep saying it hey we we had the best P I think it's cuz they had tension well
(00:34) that was it yeah cuz we just it was funny and it was funny it was tense it was interesting um they're the only ones I tend to see the ones I'm involved in I don't usually go and watch them because I have all these conversations on the yeah yeah yeah and you're also like at a conference I think most of the value is like in talking to people around the place um or or you you're just selling Bedford Bedford kid everyone just living at the stand I am uh I'm using uh Bitcoin to change my town that's right
(01:04) uh yeah no look it was a great panel as ever uh you know we're friends but we uh we see The World Slightly differently slightly but I think we've gotten closer over the years now what I definitely have got closer to some of your ideas I wonder if uh anything I've said has influenced you well do you know what I'm I'm being called the status these days so are you yes you st why are you status I I'm I'm a unique form of status I um I'm a you could call it strong leadership monarchist kind of statist I
(01:36) mean but you know I don't know if that's too different from before but I guess I was a little bit more of a raging libertarian now I just laugh at the Libertarians I think they're so not even stupid so okay why uh because um uh it's kind of like a loser uh philosophy you know like this is why Libertarians always lose because they um they have this kind of fantasy that they believe that there can be an absence of power or leadership or stuff like that like you know that the market can handle everything and just unfortunately the
(02:07) world doesn't work like that and unfortunately we don't live also in a world where everybody is 160 IQ and can respect property rights and can do all of the stuff that Libertarians sort of Imagine in a perfect world like they are rationally and conceptually right but they are practically wrong in reality is that you you do have to contend with call it bad people or dumb people or stupid people or parasites or whatever so you need to build these structures so I'm of the belief that the world would run better um
(02:39) as many many independent city states or nation states where uh leadership and uh rule is vested in a few yeah uh you definitely you sound like a status look no look these things these topics are tricky like I've been called a status and a status cuck for the entirety of this podcast right but even in the beginning yeah I mean I'm well no probably not in the beginning I think that all started during Co or something right no it was before then it was okay no because you have to go through these logical steps um and so I
(03:13) I'd never heard of libertarianism before started the podcast so it was a new thing for me to think about um and so you go through these logical steps and the first one I used to go through it's like okay what happens if you completely get rid of government you wake up one day there's no government and I always felt like well you will just end up rebuilding government because what will happen is I know say you're a little even if you're a little tiny town of 250 people you have to have ways to get on even when we're out in
(03:38) Mala the villagers had a chief you know and the chief had a council and you know the chief would resolve things you people who appeal to him but that's still government okay mhm and that's in some ways it's a less evolved form of government cuz there's no um it's all based on like uh the trust in the chief and you know maybe his historical Family Values whatever it is but there's there's no checks and balances you know there's nothing to you know there some some somewhat checks and
(04:10) balances usually you've got like a power structure around the the chief you know which is it's like a micro version of what you had in the European monarchies right you had the aristocracy or the nobility around and they they kind of acted as a check and balance because they had a vested interest in the society the civilization the they thereal andan are what we today which is this uh system that looks like it has checks and balances the modern nation state but it's um it's very hard to check and balance
(04:48) it because it's like a Hydra right like the um the the leader doesn't matter anymore it the leader is just the puppet it I think it depends on the country I think if you say that about the US poent but then I mean dude they just like arrested allate on like hush money from 30 years ago or whatever the hell it was who Trump yeah but what I'm saying is is that it depends on the country and it depends you know uh I think the US it feels like and look and look we never know we talk about a deep State and we
(05:21) never know it's it's you know until it's proven it's a suspicion but like there's good evidence behind the suspicion there is a deep State and influence and I think it's pretty clear Biden is not in control of that government but I think I think it's pretty clear that if Trump wins he will be more in control of that government but again we don't know the influences of you the FBI the CIA or the other three L agencies which is probably why they don't like him MH um but in the
(05:45) UK I don't I don't think we have a deep state in the UK you know I just I just don't it's it's a very different country it's much more evolved uh um structural governance but anyway just to go back to what I was saying is like every every society will have a form of government okay whether it's a local Village it's a small island or a large country and whether I think whether it's liberal Western democracy a monarchy uh a communist state a totalitarian state everyone will also
(06:23) have forms of corruption every single one mhh and so I can see how we've evolved to the the democracy we have and I've also see how it's completely collaps um and so my question to the Libertarians is it's always been well not always been but more recently is I agree with everything you say fundamentally I agree tax is theft I do I'm I'm there now and I agree uh with you that there is this like parasitic class you know and and I agree with you almost all of your points but what is it you want and how you're
(06:57) going to get there because Nick said it to me and he articulated it really well he said the problem with libertarianism is for it to be effective it has to accumulate power and it doesn't want to accum it doesn't want to accumulate power correct and so you know you know you've got to either you've got to got to have some form of action to make change you direct action which is get involved in politics there is a Libertarian party but they appear to be a [ __ ] show um or you've kind of got to
(07:27) build stuff to kind of break down these power structures it's like all right look we have Bitcoin but it's not it's not it's not going to destroy all forms of government and so then the only other option is just to build the life you want so it's kind of like great ideas what do we do with this yeah I mean there was so right before the show obviously we started talking about this idea of power right and I actually think the biggest lie we've been fed over the last century or two is that power
(07:57) corrupts and absolute power corrupts absolutely right and and I think the reason why that's such a dangerous idea is that it's made otherwise good people or otherwise virtuous people feel guilty about power and and for me it's really funny that Bitcoin has uh go and parrot this idea of power is evil power's corrupting all this sort of stuff when power like by definition like people they'll say in the same sentence proof of work is good and power is bad when like they are both uh the capacity to
(08:26) channel energy they're like literally like when you think about it in a physics weight like they are both the same thing so power is the capacity to channel energy there's nothing evil about that power is like agnostic if anything it's like it's like um uh technology like if you give technology to a sadist they will do bad things with it but if you give technology to you know a a uh industrious you know person like me we'll do something with it right um Power is the same thing and by by believing in the lie that power is evil
(09:02) power corrupts power you know shouldn't be touched all this sort of stuff you leave a vacuum and kind of as you said if you leave a vacuum for power you leave space for those who are feel less guilty about you know the dangers of wielding power you leave space for them to take it and that's essentially what I think has happened in the world today is like you you we've left the power vacuum for the parasites so otherwise good strong virtuous people who should be wielding that power who have the capacity to channel it in such a way
(09:32) that they don't want to step on people like a truly strong person will get into the ring with somebody who's stronger than them not get into the ring with like a little kid and beat him up and be like yeah I won like that that doesn't that's not a powerful act right and when we leave a vacuum for the parasites to come in we we create the stupidity that we see around us right you you get the the Stalin and the Tris and the losers like that and you know you're seeing this um in Europe I saw a video the other day
(10:01) and there's a there's a young Irish guy I don't know if you follow him on Twitter is uh his name is Uber boyo or he calls himself Steph he's he's he's brilliant um he's outside of the Bitcoin space but he gets Bitcoin he's someone you should have on your show by the way um and he he had this video he said look n was right um he's been Vindicated through our own guilt we are allowing ourselves to fall over and you've got this um in Poland there's this fence at their border and the police are there to
(10:30) kind of stop the immigrants from coming in and there's like a horde of immigrants coming in they're just jumping over the fence and the the most the police are doing is like throwing these little tear gas things and it just looks so like pitiful like it looks like you know that Meme where you've got the person with the broom trying to stop the ocean like that's literally what it looks like and he's like we have allowed ourselves through this sort of this I don't know this sense of guilt
(10:55) like okay you know white man Western man bad and like we must be guilty for everything and we're just like letting ourselves be overrun because we've you know and and this is I'm going off on a tangent here but this is related to the idea of power being bad right is like we have abdicated that responsibility and our institutions our society our um our civilization everything is crumbling because there is a bunch of monkeys at the wheel who don't like they want power for power's sake right so they'll come
(11:27) in to these positions and then they'll just suck everything out of civilization and we'll sit there watching and we'll be like oh these people are evil oh power corrupts oh power is evil and there's no one there to to actually step up and you know take charge or take ownership or you know do something that requires leadership and this is why I like people like mle and B so much is because they've kind of cut through that and B look what he's done in El Salvador just as an example obviously and M's you
(11:55) know he's going to have a big job in um in Argentina obviously but he's he's an example of somebody who had the energy and is channeling that energy towards something and I think that is one million times better than um than the market will fix everything because it's not going to happen well I I do think about the uh strong times create weak men argument and wonder sometimes why why is it that these governments continually failing why do we have this parasitic class why do we have politicians
(12:30) who seeming seemingly enter the space with good intentions I mean I know plenty of people who've moved into politics but but are either ineffective or detrimental to the to the country or the the position they're holding and I sorry I've talked about this in podcast a bunch of times but I just want to explain to you so anyone's heard this me say this about thousand times apologize but I heard this interview with John Major who was prime minister after Margaret thater in the UK I'll send it
(12:58) to you it's a really f an interview um and he's on a show called the rest's politics which has a guy called Rory Stewart and a guy called Alison Campbell as the host Rory Stewart was a conservative party uh prime minister candidate and aliser Campbell was Tony Blair spin doctor so labor so you've essentially got both ends of the spectrum and they do interviews but they also talk about the week's events and they bring kind of a left and a right wi perspective and honestly it's fascinating they're actually trying to
(13:27) figure things out together they know what they agree with or disagree with anyway John Major was a conservative prime minister but he actually grew up very poor in Brixton his dad was working class and um very much like a labor voter so for him to end up as a conservative was surprising but actually here's and I might have this wrong I'd have to re listen to it but I'm pretty pretty sure what he said is is that the reason he liked the conservative part is They promoted work and lower taxation so
(13:58) I could have that slight that that might be my own dad anyway the the most fascinating part of the interview is he said he talked about the problems with politics today and he said you have career politicians and you essentially get these kids who going join universities join young conservatives and go up through the ranks but they have no real world experience so they don't understand the decisions they're making and if you if you look back to back when John Major was there most people who became politicians have done
(14:24) something first you know if you're a labor you probably worked in the trade unions if you're conservative you probably had a successful business or uh maybe held a high military position but you done something before you did this you know it wasn't a career it was almost the it was almost like the crescendo of your life it was like it was your giving back where we don't really have that now um it's people who've made it their career and and so you think it through I can think locally
(14:52) where I live I can look at running a business I operate businesses I look at the different taxes Etc and in doing that I can understand and I can see the decisions they've made and I can understand why they've made it but I can tell you why it's detrimental for local business and so I think that's a big issue is that we've got this class of politicians that have no experience in in what they're doing they don't understand it but they enjoy the job they enjoy the power they enjoy what it
(15:20) brings to them they enjoy being at Westminster they enjoy being at the dispatch box they enjoy going on you know trips as foreign dignitaries they enjoy that all M MH and in some ways they want to lose that but they don't know what the [ __ ] job is yeah so you touch on a really good point so I think the with a lot of these things we spoke about governance when we started this uh when we started the show it's um I think accountability is the ultimate and I don't mean it in like a Superfluous sense oh you must be held accountable
(15:52) it's like accountability in that like you pay the price for the decision you make right so in other words like if I if if I jumped off a cliff tomorrow and you died on my behalf I'm going to jump off the cliff again like and then he dies and then I'm going to jump off the cliff again someone else dies like so if like if I didn't die from jumping off a cliff I'm never going to you know like I won't be able to do it again and that's obviously extreme example like if I put my hand on the fire and I and you got
(16:17) burnt like I would keep putting my hand in the fire so like the problem we have with politics no worries man that's like I'm I'm a politician this I'm going to run for I'm going to run for governor have you seen that film The Box I think it's called The Box Bo no box yeah I'm pretty sure it's called The Box Kurt might be a to check it um Cameron I'm pretty sure it's Cameron Diaz and this couple this this old man arrives at the house he gives them a box it's got a button on it I'm pretty sure
(16:43) this is the thesis and if they press the button they'll get a million dollars but someone somewhere in the world will die but they won't know who it is oh wow okay and so they go through the kind of the morality of the decision yeah moral quandry I mean it's kind of that cuz is there a consequence well you're told there is but you don't see it that's politics in a nutshell there you go so that's a great example so in many ways like it's it's hard to blame them um so you you know you sort of need to blame
(17:12) the system more than anything else um which is a little bit contrary to what I said earlier um the thing is when when the system is structured in such a way where the consequence is uh detached from the uh decision maker you do get the kind of person who doesn't have a moral quam with coming in to power and doing that right you get the the parasitic class they just sort of enter and like I don't give a [ __ ] like you know we'll just print some more money doesn't matter like it's it's not on me
(17:40) like I'm not paying for it so someone else is footing the bill and when you do that at scale you start to get uh all sorts of uh weird and wonderful problems right and this is why uh people like Hopper and safine and myself and everything we're sort of more Pro um monarchy right because a king can't really do that on a on a long-term um basis like his his property his Dominion his what what he rules is is actually his it's it's for him his family there's a nobility around him who also have skin
(18:14) in the game like they actually own part of that um Nation so they have a problem with um or or they they have an economic and a blood relationship problem with people doing that and that's why all throughout history we've had kingdoms that's been the more natural structure of uh all sort of all sorts of governance whether it's small the chieftain or whether it was the largest scale stuff it's actually only in uh in this sort of weird period in the last you know 100 years 150 years since sort
(18:45) of Napoleon that we've had non monarchic sort of rule and I actually think this is a um this is a historical sort of detour we're going to go back to uh sort of monarchy type Nation city states and nation states how uh do you think it's more like dictator pseudo Kings no I think it's like coo Kings coo Kings like like Singapore like Singapore exactly it's a fantastic example I think B is a modern example as well so it's like people who have uh Power vested in them who treat the um the Dominion or
(19:23) the territory that they're operating like a business but like a home as well Dubai is another great example so you have a essentially a royal family um or some sort of wealthy family that doesn't need to extract wealth from the populace and they actually invest in it because they treat it like their home and sure you know like I know people like gladstein stuff like have a problem with Dubai they're like oh this and that but it's like you know when you go there you feel safe in the same way as you feel
(19:56) safe entering somebody's home but what is that what is that famous quote um those who give up Liberty for security have neither yeah but you're a visitor there though like so it's a it's a different story and the way they treat their Emirates their own people they actually visibly treat them better sure so it's not it's not about safety when I'm talking about safety I just mean like you go there there's like I left my freaking laptop in the airport on a chair by accident I came back 4 hours later when I realized
(20:28) I got to the airport and I sorry I got to the hotel and I was like holy crap I forgot my laptop I went back C an Uber and I found it was still there like so so there's this kind of like there's this um there's this social maturity that comes from the place which is there is there is a there is a patriarchy there is an order and the thing runs smoothly um so I said to you before I have questions or points to make uh so I've only been through Dubai airport so I haven't been SP time in Dubai um but the the airport itself it
(20:58) was experience but um but I have looked at these more kind of wealthy countries within the region Qatar as well a lot a lot of what they've built has been built on slave labor like modern day slavery not really no really no serious no no really I promise you so I mean Qatar Qatar is a great example just have a look what happened during the World Cup when they were bringing in uh migrant workers from Nepal and Bangladesh and they would take their passports off them and there was a very high death rate they were Liv in in uh very packed uh
(21:32) multi-person rooms uh it's modern day slavery I mean there's there's a huge amount of Journalism that's been done to study this people went there for work it's monay slavery if you look at it if you look at it it's it's it you know it makes me think of if you want to go back to like the rule of King and if you're can to have slaves it makes me think of the old photos you would see of the pyramids being constructed and and the slaves dragging the stones to to build the pyramids it's the the the with going
(21:59) to these types of monarchies is that at the bottom end of the ladder you usually get things that are close to slavery and uh a lack of civil liberties so I'm just saying we we we have to look at the tradeoffs for each there's trade-offs in everything for sure but like when I the last time I was in Dubai um I spent some time speaking to people that were in uh that that were doing that had come to Dubai for work right so people that you might consider are you know low wages and everything like that and they would
(22:29) straight up say look I can't afford to live in Dubai but I come here to work so that then I can go back home and I feel safe here I feel good here and like it's they feel a privilege to come and create or do or produce something and then they go back I think the better question is rather than you you point out your anecdotal experiences and I point out my anecdotal research journalistic research is to say under a monarchy how do you protect civil liberties so the idea a democracy is that you under a democracy
(23:02) you have a a strong rule of law I know we can we can there's criticism of it but but you have these basic civil liberties and you I think they can be lost under you know under I mean how many countries in the world is it still legal to be homosexual um yeah I think I saw online recently we're we're in dozens and of those there's uh certain countries you you can be executed just for being gay uh and I I just think there's certain things like that we have to be aware of and we have to think about if if one
(23:35) person can make a decision you know not have this through a rule of law you you could be in a situation where you know certain people are going to be discriminated or treat treated like they're going to be they're going to be discriminated anyway doesn't matter well but I think I think discrimination sent to jail for being homosexual like there are two different things you know discrimination I'm discriminated against being fat 5' n M you know uh I just think I'm I'm like I'm open to the ideas
(24:04) I'm open to discussing the different forms but the you know I think the reason we moved away from uh monarchy monarchies to democracies was to have a fair Society for all no I think I think the biggest s up in the world was moving away from monchy there was a concerted effort between the French Revolution and World War I to kill off all the mon all the monarchies why though so that you could have Bankers running the world fair seriously and you look at all of the wars were funded by Bankers every single one of them the
(24:39) French Revolution funded by Bankers the the French Revolution was on the back of like vast wealth disparity then no it was not that's a total scam there was there was a literal the the French Revolution was the start of Communism like the Jacobin were the protoc Communists um you had Rose Pierre who was the original KL Mark like prototype like he was the he was the ugly turd the ugly toad who literally took over the country turned it into the the first surveillance State on the planet was the France post
(25:12) killing off the um the the monarchy and then you know the the um what was the how everyone's how they ended up like all killing each other um it was the there was a name for it it's slipping my mind now but basically they turned everything into um a they made all the neighbors snitch on anybody who was still a monarchist and they went and killed everybody they rounded up and killed everybody and then they ended up killing off each other because they started having suspicions about each other internally and then Rose Pierre
(25:43) was ended up on the um on the guillotine in the end like it was the the something about like the um the big death or something I got to find it anyway well look at the time of the French Revolution there was a huge wealth disparity though and you tend to you tend to find revolutions at the time of wealth disparity correct but these revolutions are always um like it it came at an inopportune time which is there was uh failed crops across uh all of France during the period um and yes there was Hunger there was starvation
(26:13) but not very different to what had happened before Louis the 16th was a [ __ ] um you know in unlike his uh his great-grandfather Louis the 14th Louis 14th would have put down the Rebellion straight away Louis the 16th was a little [ __ ] who was you know didn't want to come out and actually Face the People didn't want to be a strong leader or anything like that he wanted to hide and then he tried to run away um and what happened is he he like from that place of weakness from abdicating the responsibility cuz see power comes with
(26:41) responsibility mhm from abdicating that he left a vacuum where the aristocracy at the time who there was a bunch of aristocracy who wanted to see the monarchy fail so they helped fund and ferment more um uh dissent among the lower classes and then particularly they funded R Pier to come up um and that's how they took down the uh the Monch but at that point you know granted the mon was weak Louis the 16th as I said was a complete [ __ ] um but it was it was a Confluence of events and they brought the whole thing down funny enough a
(27:15) strong man rose up Napoleon brought France back together and then the bankers decided to team up and take him down as well and they almost lost so if you have a if you bring back a monarchy how do you manage succession how how do you family so what if you get the uh the evil King the evil PR that's that's a risk that's a risk but it's this is the thing this is the trade-off right so you may get the evil uh Prince but you are less likely to get that because um as like a you know as a father you want to bring up
(27:54) the best sort of possible uh son right and particularly if you're handing down your legacy which is your land your people your estate all of that you want to hand it down to the strongest smartest most capable most responsible son possible and you're going to do everything not necessarily I don't think that kind of Burden fits um the the feminine like you know but Queen Elizabeth was quite possibly one of the the best monarchs we've ever had in the UK possibly possibly but you know unfortunately um she didn't get time to
(28:28) like she look let me say this there is anomalies so there is like for every one good female Monarch there's a 100 good male ones and I'm not trying how do you prove that history yeah but history was a misogynistic that's fine history priortize men correct because men carry responsibility better like responsibility is a weight so if you carry a weight over your lifetime you'll age quicker you'll die quicker you all of those things where women have more valued for their ability to bring life
(29:00) if they have to carry the burden of responsibility to lead people to do all that sort of stuff that's men abdicating their responsibility like we're supposed to carry that so women can have more freedom and the ability to flourish you don't you don't put stones on a flower like men we're ugly we're brutes we're you know we are designed to carry that weight it's completely unfair to sort of expect women to do that no it's not it's not expecting it it's it's it's whether
(29:25) they want to it's not not it's not an expectation it's not fair they're not biologically emotionally designed for that like also men are solar women lunar like hormones are completely different than I think I don't think there's many women are emotional men are rational I don't think there's many bigger responsibilities than raising a child and a lot of that is abdicated to the the females anyway well not today because now we expect them to work we expect them to raise children we expect them to pay taxes we
(29:53) expect them to I I think using strong because like we can't that same we everyone expects Society in general an expectation no I think society's evolved to the point where uh the expectations or the the opportunities for women have changed for better or worse you depends who you talked to some people uh some feminists may think this is a great thing more opportunity for women to have careers more opportunity to the workplace some people consider it's a lie that's been sold to women because they end up having these careers they
(30:24) hit their mid-30s now they want to have a child and it's difficult I just we have a massive pandemic of that right now yeah and but we also have a pandemic of men who just don't want to settle down have relationships correct yeah so everyone's infantilized that's what I mean so it's like but when you have responsibility when you have to carry that you actually mature quicker yeah I just and I was one of those [ __ ] I'm I'm talking about that as like a dude who was like in his early 30s going
(30:46) around and screwing around on Tinder like a [ __ ] right like so I I matured late because I was one of the people who even though I thought of myself as based you know like I lived uh contrary to that at least in that capacity of my life so it's like the thing is when by the way I think uh have you heard my thesis on Tinder no I haven't I think Tinder is uh responsible for the the Fallen birth rate entirely well not entirely almost enly he my thesis my thesis uh Tinder flipped uh flipped the dating game what
(31:21) used to happen hear me out on this what used to happen before Tinder how would you get a date you'd have to meet a chick friends usually like so so okay depends you if you're kind of a guy who has the courage to go up and approach a woman you'd meet her there yeah and what did you say courage correct it was scary right yeah yeah and what happens if she like if you went to chat to G she just you know she blanked you said no thanks it's it's heartbreaking it's like and so it takes a lot of Courage so but in
(31:51) doing so if you met a girl and you ched girl and she spoke back to you it'd be great wouldn't it it' be like oh my God this is this girl's cool I'll get you and maybe you'd spend a bit of time getting to know her maybe you got on some dates and you wouldn't you wouldn't um you you probably invest more time in it because you done when when especially if she sleeps with you done it when you might have sex again so you you invest yourself into this person what Tinder done is flipped it because women had the
(32:19) power in dating because it was Men Who usually would have to go up and make the first move but it has flipped it same thing they flipped it because now it's made it too easy for men you go swipe swipe swipe oh sure cool she wants to see oh this one you've got a list of girls who said yes it's almost like if you used to go to a bar and and and you had like uh special glasses and with those special glasses you could see all the girls who would say yes if you went and chat to them that would have been
(32:45) easy cuz you're like that girl will chat to me she's into me I'm going to go and talk to her but you never had that possibly now girls are still the selectron Tinder I'm pretty sure the statistics are that um the for every um swipe that a um a girl does I think it's like a 100 swipes that a guy does sure so they are still the selector but it's made it too easy for men so I know so many guys now you said you're you know you're a Tinder [ __ ] like I know L of guys now they don't settle down because
(33:14) they can get a date like that on Tinder it's just it's made it too easy I think I think tinder's been absolutely terrible it's a disaster but it's like but that's what I'm saying so it's like um so I I wouldn't say it's flipped it I would just say that it's um maybe lowered the barrier entry because women are still the sexual selector that hasn't changed women will always be the sexual selector and they will always have um more options particularly when they're young the the challenge with
(33:38) women so I mean man this this is going off in all sorts of funny directions but you've got sexual market value right men men's sexual market value increases later in life we increase our optionality because we have a longer sexual uh time span than women do like a dude in his 20s is completely useless no girls going to want to talk to him or anything like that you know most guys start to um increase their market value from 30 onwards seriously I don't think of that level of detail no but that's
(34:09) that's when because by by 30 as a male you've had an opportunity to build some wealth to prove yourself to mature and all of that like when you're a 20-year-old dude you're dumb you're young you know you're just like will try and sleep with anything that you can get your hands on like you don't you don't have that maturity or that presence or that grounding whereas women in their 20s that's when they flower and this is where I sort of come back to where responsibility like if you as a woman
(34:35) for example prioritize career which you're free to do so if you want to but we spoke about trade-offs earlier is the trade-off you're going to have is that when you do want to settle down and have kids you're you're out of phase so you want to get a guy that is more mature more older than you and everything like that but usually that guy is now in his 40s or mid 40s or something like that so the guy that you wanted is probably already married already have kids Etc so all of a sudden your dating pool
(34:59) optionality shrinks so you've gone from having massive massive massive optionality to Tiny optionality like that shrink is absolutely brutal whereas at the same time for guys it's just actually opened up so now you get this real weird inversion and that's where you end up with the pandemic we're about to have which is a bunch of crazy cat ladies um because they you know got stuck in a career or in politics or whatever um I mean I I'm never really that comfortable about talking about what women on it's it's a tough subject
(35:32) look my place no look I'm look I'm a man I don't really want to talk about uh onet onet what's best for women they they women should represent themselves the only one I can talk about uh is my daughter because she's my daughter and it's like what have I witnessed in the world and how can I influence that and yeah what i' be very clear on my to my daughter is if you want a career you absolutely should have a career but if you also want want to have children you you have to think about the fact that as
(36:00) you get older it will get more difficult you need to think about these things and you know this is the kind of guy you want to meet and you know these are the the ways you may want to end up structuring your life that's all I could do I can only talk about if my daughter I can't talk about net hole for women but what what I will say it's like it's it's it's important that we're not the ones having this conversation it's important the women are having this conversation say what they want not not
(36:23) us we're just a couple of men we are a couple men but it's like you know as you said you're you're a father um you know I know that one day God willing if I end up with daughters um you know I will have my recommendations as a father of you know the direction that I want them to go in because I will know what or at least I can understand conceptually what kind of challenges are faced on both sides um and that doesn't mean like so so it's like if you're going to have if you're going to be a woman who wants to
(36:55) have a family and all of that that doesn't mean that you need to be dumb docile and do nothing else with your life like you know the there's a big difference between having a hobby and having a career for example a career comes with one set of responsibilities and it becomes something you have to do versus a hobby is something that you want to do and I see this a lot in sort of you know there's this growing tradwife movement and all this sort of crap which most of it's just a [ __ ] meme honestly but there is some truth
(37:20) there's a kernel of Truth in it which is you've got these women who are at home their husband their partner carries the weight of the responsibility for providing but they have their own hobbies that they love to do they enjoy doing it they earn some extra income out of it because they love it but they don't have to do it they do it because they want to it's such a it's a it's a far more freeing way to do it and I think it's far more fair and beautiful for women they like to to give them the
(37:44) burden of leadership and you know Taxation and wages and like leading the country and all that sort of stuff it's [ __ ] unfair man like we need to grow the balls and we need to go and lead and structure Society it's the same thing as like you a man goes and builds the house and then a woman comes and brings life into it like we do the same like you know when it comes time for me and my wife to to build when we're going to build our house it's going to be the same thing I will build it and she will
(38:08) bring life to it when we moved into the new place in Brazil she like I moved in there and like about a month before uh she came cuz she had to go to see family in Dominican Republic in America and like it's t typical guy thing like the the house was Barren like I I got a mattress I put it on the floor and like you know there was a TV and my my computer in my office and that was it that's perfect exactly right she came and she's like what the hell is this where where are the plants exactly within 2 weeks we had plants we had a
(38:35) new Lounge we had everything set up it was beautiful so so she has the ability to do that and for me I'm just looking at I'm like damn the place feels cozy now I was like how'd you do that listen all I know as my from my experience the companies I've built have always been stronger by having uh a a good gender uh split in the office place not 50/50 not 75 25 just there's there's a balance of people in the office uh when we when I had my advertising agency uh uh originally we had a three man board uh
(39:07) the next natural person to come into it was a woman decisions changed you know a lot of decisions changed one of the things [ __ ] this one this one kills me man one of the decisions we made we didn't even know when we used to have afterwork events um one of the recommendations came in is that can we provide taxes for the girls to get home because it's late and it's dangerous yeah one of the girls who worked at that company was actually murdered in London not it was after us after the AG yeah so
(39:32) like they the things we didn't think about the toilets things we didn't think about that we needed to provide us Provisions in the toilets so things like that little things like that the chief exec of my football club is a woman she's far better than I am she's she's the perfect person for this job she she was made for this job okay so like I I've just I just feel really uncomfortable saying men should do this women should do that it's just it's not a blanket rule there there
(39:57) generalizations like an ad20 all things in life are ad20 basically I think it's easily answered we should we shouldn't discriminate against anyone wanting to do what they want in life but we should you know as parents our responsibility is to give our children the best advice that's where I feel most comfortable yeah yeah yeah I mean there's just there's there's trade-offs with everything as we mentioned before and like there there is you know 8020 I mean you know zubie right like he dead he
(40:22) broke the women's dead exactly right but he's he's a dude obviously so like the there's there's things that are that are truths that lend themselves to particular you know like uh advantages and there's things that don't and if you know you can Buck the trend by all means um and sometimes there are examples of people that fundamentally like you know maybe they don't fit in their skin or whatever or they do have a particular Talent or a knack or something like that or their center of gravity is more
(40:55) masculine than feminine or whatever like so that exist but it's they're the exceptions not the rule so and you can't structure things around an exception but you need to allow for exceptions because usually uh some of the greatest uh Innovations and things actually come from the exceptions yeah Margaret thater yeah I mean yeah she was totally an exception she was a machine she was the what do they call her the the biggest balls or something in like um or like a better man than the lady the yeah but
(41:21) there was something someone said something about the IR lady I I remember that The Iron Lady but someone said that like she had more like um kahon or something than like every other man in the um probably something like that yeah any um but we're bringing it back full circle the point being is uh under a democracy you tend to protect these rights for people not to be discriminated against having the opportunity you know we're not discriminated against women from doing certain things or their role in society we're not discriminating against
(41:54) homosexuals from being able to live in society we're not uh we're not creating forms of modern day slavery you won't catch these things in most of Europe most of the western world but in the places that still have monarchies you will find examples of modern day slavery you will find discriminations against homosexuals and people who are where where's discrimination against homosexuals yeah but it's kir you look up how many countries it's illegal to be homosexual in I'm pretty sure it's I saw
(42:22) it recently it's a few dozen yeah but I would guar Uganda is a great example you can go to jail for being homosexual I think it's almost certain Saudi or mostly the Middle East I'm just saying so you don't yeah but that's that's got nothing to do with um the fact that they're monarchies or democracies that's got to do with their uh religious orientation uh and their customs and and that's fine if they want to have those Customs that's fine you you just if you want to be gay just go somewhere else 64
(42:50) countries in the world half of them are in Africa yeah 64 countries in the world half of them Africa but what I'm saying is it's it's through democ it's through democracy like and I'm somebody has big issues with democracy what I'm saying is through democracy I don't think so well the Democracy Can it can be the will of the people in certain things it can be the will of the people to modernize and remove discrimination I think these things are these things are more cultural Pete like it's not that um so
(43:16) so so a king a monarch can absolutely uh instantiate a norm um and he can do it better than a democracy can and he can uphold the rights of a particular people but generally the King has a predilection to uphold the rights of his people his blood his nationality more than the visitor or the minority or the um person and that's perfectly fine because for example in Salvador I would totally expect B to treat his own people his salvadorians better than any migrant like me or you going there even he's an
(43:52) exception currently and he exists within the Democracy he's an elected leader it was it was illegal to be home section in the UK under a monarchy it was only under a democracy that it was firstly decriminalized and and and just that was just the a a time at which that happened I don't think it was because of the Democracy it was just because there was a wave of more acceptance coming up that put the pressure on government whichever government it was if it was still a monarchy it would have happened with the
(44:19) monarchy as well I don't think it what the Democracy thing is just a fun like it's just it happened at the time so you can certainly get these protections under a monarchy as well well I mean another thing would be interesting cuz I don't have it is to look up the freedom index yeah but the freedom index a big scam man come on I mean how do you even measure that well it's the things you're free to do the freedoms you have within a country yeah but the thing is like freedom is another word that I hate now
(44:47) it's a total scam like so so so you for example you can't have freedom without the responsibility like you kind of Rights without the responsibility for um those rights right and what we've done with democracy is we've separated the responsibility for a set of Rights from the claiming of those rights that's why we have a bunch of petulent children in modern democracies yelling about rights but not wanting to have the responsibility for it there was a really great video I saw which was um a bunch
(45:16) of you know classic sort of leftists out there campaigning for you know we must let the immigrants in we must let the immigrants in some guy comes around he's like look uh he he he pretended he was like from some is like look we um we're signing up people uh for um allowing immigrants into the country and um part of this is uh will you allow um one two or three people to stay at your home um you know from the immigrants and they're like oh no no I don't I don't have room at my home I've got my um you know my
(45:47) family coming to stay you saw these like all these like cringe excuses which is they want to parade for the rights of letting people in but then when it comes down to them putting the bill personally oh no no no I I can't do that you know I can't have them in my own house but we should let them in the country for example and that's just like one example of people who um they they you know they want the cake but they what is it so they want to eat the cake they one have that cake can eat it correct exactly and and that's the
(46:15) thing you can't have just blanket freedoms you you need to have the responsibilities that come along with that and this is a big problem with democracy as well you've got people who are net uh beneficiaries of a system they get the same voice as someone who is a net benefactor of the system that doesn't make any sense it doesn't make any sense if if if I'm going to get something and you're going to pay for it every single time I'm going to vote for the thing that I'm going to get and that that kind of thing
(46:48) will always Decay every single time always Decay I I agree that's one of the big flaws in in democracy and I think another one is the misalignment of political Cycles with economic Cycles because because you defer there's a lag so you defer the consequences of your decisions you're always kicking down the road yeah you always Kick the Can down the road but I'm pretty yeah one of the things I I find hard to move myself from is uh basic rights and I think you get the basic rights just better under under
(47:19) under monchy you you get it better because you can petition directly to the person yeah again we're going to go around a circle so we should move on from this but not not if you you're put in jail or executed for being homosexual you can't petition for that but you don't have a voice you cannot make that claim because you make that claim you're putting your head up the parit I mean a lot of countries they have you know underground uh clubs for homosexuals secret you know like secret clubs um
(47:44) because these people don't want to be murdered or they don't want to be put in jail and so you know I don't have the facts and figures in front of me but but I would be very interested in seeing in what we consider a modern day monarchy whether it's the king the the house of Saudi or or wherever and the uh correlation between modern day slavery uh and and basic civil rights I'd like I think that'd be an interesting thing to see but I don't have it in front of me but I'm really just getting across my
(48:14) what my fear of De monarchies are and I don't see them making a return my thesis is very different actually I had a good chat with Eric Vorhees recently because obviously he's a very principled libertarian whether you agree with him on shitcoin not is irrelevant he's very principled libertarian he's one of my favorite people to listen to talk about freedom and and rights and democracy and even he said in the interview he said like I'm willing to concede we might have a for the best form of government might be small
(48:43) government or a smaller government than we have now but we might have government he said he he was willing to concede that and you know that that was that to me is based on the thesis of what I think is going to happen which is which is I think um unfortunately I I I think times have to get really bad to change the political direction of a country and so El Salvador um the reason buk came to power is they'd had you know Decades of corrupt presidents you know Rob the country blind corrupt judges Argentina Decades of
(49:22) inflation you in comes mle with an alternative ideas he you know even people voting for him but some of the people voting for him are the net benefactors from the Socialist system that existed you they were they were the net beneficiaries I think in Venezuela if you could have a democracy in Venezuela unfortunately you can't because they have a dictator but but I think they would vote for something else and so what I think is going to happen we're going to see this reverse Trend whereby and and this is one of the
(49:48) things that my My Hope from Bitcoin is that you're getting a lot of people getting very rich very quickly and it's like what do you do after that because you can treat yourself to nice holidays and nice things but the economic incentive to keep building businesses diminishes as you you become more wealthy you know just say Bitcoin was hit hit 10 million there's no world where I travel there's no way I'm going to travel the world making this podcast being away from my family for for what would be marginal increases in net
(50:17) wealth because because the I trade off too much yeah correct and so yeah I'm probably not going to do I'm going to probably want to be in my hometown so what can I do with my life you know can be there around with my family or grandkids I can try and build other businesses but yeah what impact can I have oh but politically locally I could maybe get into politics I don't need the wage but I can try and make a difference and so it's that Trend about that interview I spoke about earlier that people who' gone into politics had
(50:44) previously had experience of you know being successful business people or served in the forces I hope there's a bunch of Bitcoin is we're going to look at the liks of mle BU whatever and just say look I want to make a difference here and I can afford to go into politics and I not only do I understand the parasitic class because I've been against it I also understand uh the the basic economics of uh of um what do you call it um uh redistribution of wealth I understand um I just you know I have a better understanding of the consequences
(51:19) of these decisions and I don't need the money so I'm going to go in with the principles of what's good for the the the net good of people rather than my career mhm cuz again I think the unfortunately I think one of the things with politics one of the things that fails is the career goals of politicians are out of Kilt with the the the net benefit for Society of the decisions they make so they compromise themselves for power and this is the this is the power corrupts is compromising yourself for power so
(51:49) that's that's my thesis and my hope I don't see monarchies coming back like well let's Bitcoin let's let's dig in on this actually so you've but um who who do you need to become in order to be a this person this kind of leader well you need two things you you you can to be elected you have to win votes that's it that's the game the game is why will enough people vote for me will more people vote for me than the other people vying for the same position so how do you win those votes well
(52:23) awareness is always going to be important are people aware of you he kind of traditional brand of marketing and do they agree with and support your policies mhm and can you explain them in a way like mle has came come in essentially an Austrian uh Austrian set of principles for the Argentinian economy I'm pretty sure most of the people in that country when he was first you thinking about running had never heard of Austrian economics but he went campaign he went I think he started out on universities but he went out campaigning and he he
(53:02) explained the where inflation comes from he explained the cantillon effect he explained these things publicly and people came to understand oh [ __ ] there's a whole new world of economic principles I've not heard of and I like this guy and they vote for him so you know there's there's a whole bunch they liked him for the principles but they also liked him I think more importantly for his energy and what his like what his um what mle stands for not just the words but like the brand exactly but there's just
(53:29) something that comes through him right like there's you know people always talk about Ron Paul and I think Ron Paul's fantastic but like compare him to Malay Malay has an energy right and and that's what people are drawn to there's like a magnetism for that well rumo r i mean rul is amazing correct but but he he wasn't effective enough in campaigning his principles they didn't reach enough people correct correct correct this is why Trump is so powerful I think is because Trump is the
(53:56) only person on the planet I think who you could just put his silhouette somewhere and you know who he is like that's like the ultimate branding like I'm pretty sure no one else exists like that but um the the question I was asking was more so about like uh your character like who does Pete like what virtues like who do you need to be what character do you need in order to be an adequate leader um I I I think you need wisdom wisdom is not really a honesty good virtue um Integrity Integrity uh I mean honestly Integrity are important
(54:33) virtues there's a virtues and skills right honestly virtue is like a behavior so it's like a virtue is something you do but you need the skills to know so um I think there's Fair arguments with Trump uh the reason he was elected last time is he came with new ideas was he effective in delivering them I think there's good argument no he wasn't he's just you know others will argue bid his wor we don't need to was he effective mhm I don't think he was I and and that maybe come down to his own ego going the
(55:05) way or maybe come down there he couldn't make a change cu the swamp is so swampy but but yeah you I think you need virtues and skills so honesty and integrity is super important but but I think you need a skill set behind you you absolutely need a skill set behind you but I think this is because you need to be courageous to make decisions like I I'm going to bring it up and brought out a bunch of STS I want to run for Mar M and I want to run it because I love my town and I want the best for the people
(55:31) and one of the decisions I want to make is that I will one of my campaign promises every single year our local taxes will be reduced pick a percent 1% every year okay that's you've got to be courageous to do that because to do that you have to cut Public Services you have to come with the uh policy and and and the argument that you believe P all these public services that you're going to cut should be provided by the private sector because they'll be more effective and taxing people to provide these
(56:01) Public Services is you know it's unfair yeah that redistribution of income is ineffective okay so you got to be courageous to do it MH and so yeah courage transparency Integrity compassion responsibility well compassion is an interesting one in politics can get you in trouble yeah yeah especially if you've read Jonathan Heights The Righteous Mind you you it's a really great book and from that book you'll really understand why some people are conservative and some people are more Progressive and I think a lot of uh
(56:32) donkey policies that come from the left come from a position of compassion exactly totally compassion without understanding the consequences correct you know it's very easy first daughter compassion yeah it's like parenting you know you have to you have to be tough with you K sometimes and it's and and you could argue being tough is compassionate correct it is it is it is so so like this is this is actually precisely why I wrote the book The bashid of Bitcoin so so like the concept of bashid is a a code of virtue right and this is
(57:00) something that you look at the um the samurai of the um of the medieval sorry not the medieval the feudal age of Japan right they were the uh they established culture in Japan more than anybody else did right you had the emperor you had the Shogun for a period you had the dios who were like the um the feudal Lords and then you had the warrior class who were the Samurai and the samurai essentially established the uh the the culture of Japan during that period because they represented a couple things they represented the um the most
(57:34) courageous people because they were the warrior class they were the ones who went and fought and wared and all that sort of stuff and generally the the lower classes so the the the peasantry The Artisans and everything they looked up to them as the brave Protectors of their um land and there wasn't a resentment it wasn't like oh you know the samurai are better than me it's like no the samurai were the class who would go on fight so that the farmers The Peasants The Artisans could be safe to pursue their crafts right so there was a
(58:03) there was a respect there was a hierarchy there was a functional order in uh civilization and the the dios the uh the emperor and everything depended on the Samurai and the Waring classes for that protection so so they were almost like an excess point and what happened over time particularly as uh uh as the unification of Japan happened in like the 1600s 1700s um with the Tokugawa shogunate the samurai found themselves without a war to fight so they had to establish a way of being that transcended just fighting and what came
(58:39) of it was this Unwritten moral code you could call it or code of virtue which was uh you know Bushido means way of the warrior right um or Warrior's Way um what came of that was this this code and in that you have these virtues you have uh Justice you have courage you have compassion you have self-control you have loyalty you have duty you have respect um and honor and integrity right so it's like these virtues that you live by which the the reason for them was you you weren't just born a samurai you had
(59:17) to behave and act like a Samurai and there was even a distinction between Samurai and what was called AB Bushi which was a man of Bushido right or a samurai of Bushido and I think the the West had something similar I shouldn't say I think the West had something similar in Chivalry right the the knights uh represented a similar sort of class and it's really fascinating that the knights in the west emerged at the same time during the fal age as the samurai in the East completely disconnected and they had the
(59:47) same type of Virtues and they represented the same uh class in Civilization they were the ones that the lower classes aspired towards and were uh uh sort of of impressed by you look at all the great stories of the Aran Knights and Tristan and his old and all that sort of stuff where basically mythology around the Knighthood right um and literally Society uh structured itself around these stories around these narratives and the Kings the aristocracy and ability generally depended on them to keep Society sort of stable and
(1:00:16) structured so these codes of Virtues emerged and you'll notice something about the the the codes themselves so you had compassion in there but you also had justice so there was a tension between each of the virtues that created some level of accountability within oneself so there was honor um as well as there was Excellence for example there was uh Duty and loyalty as well as courage right so so you had these sort of things and for me the the the reason why I wrote the book was I 100% agree with you Bitcoin is are
(1:00:56) going to come into a position of Social and economic power more than I think they even realize right like if Bitcoin does what we think it's going to do economically speaking there's going to be people that went from being middle class to fundamentally being like Elite Class wealthy there steps to it right so there is going to be steps AB they're going to come to the economic power first and it's whether they want the Social Power I mean we know there are bitcoiners out there who just want to disappear you
(1:01:26) know and maybe want to live with their wealth but just live a simple almost nomadic life perhaps but they still have a Judy to do something with that wealth why what what compels you what what's the reason you have a because I believe that money power wealth comes with the responsibility comes with a duty to do something with it and if if it doesn't come with a duty we can easily move into a world which is where we're moving now is you've got these Boomers you've got this sort of this parasitic class that
(1:01:54) has uh the wealth of the West and feels like they can do whatever they want with it whereas if you instantiate these kind of Virtues so you know you could always say oh why the Judy why the Judy well the the the Judy is something that helps keep uh struct keeps the structure of um civilization together right like the samurai had the duty they didn't have to uh protect if they didn't want to you know they could have just turned on their own people and chopped them up and everything like that but that weakens
(1:02:24) the structure of the civilization so there is a to pay it forward there is a duty from a father to do the best to for his kids so that they can take on something right almost like the collective narratives that Bitcoin has form around they have a duty to ensure that continues interestingly I interviewed bit Stein recently and one of the things he was talking about uh CU they're relaunching the Nakamoto Institute with yeah redesign he said this is to ensure that like the principles of Bitcoin uh these ideas and
(1:02:54) uh uh these educational materials uh continue to travel through the generations as they come into Bitcoin because there'll be people come into Bitcoin in the next four years who have no idea who Nick zaro is and why Nix zaro is important no idea who Gregory Maxwell is no idea who Peter will is Adam back all these people they have no idea they're the people they'll look up to in Bitcoin might be some uh it might be Jake Paul Jake Paul might suddenly get into Bitcoin and that's their guy that's their flag they won't understand
(1:03:22) this he said this is where we may lose some of the principles of you know self- custody of you know of nodes of you know decentralization and so there's almost like a collective duty of Bitcoin is if you enjoy Bitcoin if you enjoy the the fruits of your investment and the decisions you've made you have a responsibility to all other bitcoiners to collectively uh maintain that like ring fence of strength around it mhm absolutely like I I actually think this is this actually ties into the the monarchy argument right is that all of
(1:03:58) these things when when you have a duty to something Beyond yourself and and I'm not saying this in like a morally brow beating way it's like oh you know I'm moralizing you know I'm holier than thou and you must have a duty I I don't mean it that way it's like when you take on responsibility when you take on duty to do something or to pay something forward it makes you more of a person as well right like you can go like by the the the video the the trailer that we made for Bido of Bitcoin sort of
(1:04:24) asked this question [Music] [Music] [Music] [Music] [Music] [Music]
(1:05:48) [Music] [Music] [Music]
(1:07:08) what happens when those who have all the Bitcoin rise to the top right is do we become just another parasitic class do we become just degenerates that want to you know take drugs and you know whatever like drive around in Lambos and Louis Vuitton suits Like Richard Hart or do we become men and women woman of virtue now you can be a man or woman of virtue privately there's absolutely no problem with that you can keep your wealth you can be completely Anonymous you can pay that forward to your children you can pay that forward to the
(1:07:36) small community that you're in while you stay completely Anonymous that's that's perfectly fine you still have a duty to do something good with that no matter the scale of it you know some others might want to do what you're doing you want to become mayor of Bedford you know I have a [ __ ] hairbrain sche to become the king of Macedonia again you know I want to go and take over that country and do something there like what B did in Salvador so each of us have some sort of like something compels us to do something uh
(1:08:02) Beyond like you know maybe it's just me getting old or something but it's like you know you in your 20s you're sort of more me me me me me focused as you sort of establishing yourself you know your 30s you're really sort of building the foundation for the Empire but then you know as you get beyond that and you know I'm now on the way to 40s right you you start to come to terms with this idea of like hey what am what what is my life going to stand for what am I going to leave behind uh for my kids what am I
(1:08:29) going to what am I going to be known for what am I going to do what did I do exactly what did I do you know we're all going to die that's the one thing that's going to happen you know all these idiots like Brian Johnson and everything like that would think they're not going to die [ __ ] morons right like we're all going to die it's not necessarily true it's 100% true we're all going to [ __ ] die we're not going to extend the lifespan it's total horeshit we definitely going to extend the life okay
(1:08:51) to some degree but not to the we're going to defeat death death is not death is not a bug death death is a feature right this is what the the the Nerds don't get like we're supposed to we're supposed to cycle out I'll give you an example imagine if we uh could extend the lifespan indefinitely and the and the um and the uh the generation that got in was the entitled parasites and they never [ __ ] died do you know what's actually going to change the world more than anything is the parasitic Boomers
(1:09:21) they're all going to die off the clout Schwabs and all that sort of stuff are going to die and a new energy is actually going to come in life is like that for a reason life is cyclical for a reason because you have to wash out the trash every once in a while yeah and look with with the Bitcoin is there are these um kind of Traditional Values that have risen up with it um from you growing your own food making your own food avoiding junk um exercise strength conditioning uh uh mindfulness and discipline all these
(1:09:51) things seem to have come through with bitcoiners why do you think uh the Paris why do you think that that hasn't happened in so much in Fiat what is it about Bitcoin that draws people to that no it has happened in Fiat no but what but but why is it it's such strong virtues within the Bitcoin Community um I don't think so anymore I think it's just I think it's the same mix in Fiat and Bitcoin oh so you think we have a parasitic class with in Bitcoin [ __ ] yeah we we have a bunch of [ __ ] Communists like in Bitcoin who
(1:10:21) you know every time somebody sort of Rises up a little bit they want to bring them down like there's there's a complete [ __ ] class in Bitcoin as well absolutely honestly like honestly like you know tier one retards like in the Bitcoin space and um I I don't think you're going to cancel for that word I know by the parasitic class I'm sorry I'm sorry but like I I really think that um I I used to think there was something special about bitcoiners um and maybe there is at least for some but um I
(1:10:52) think most of them elops honestly um most of them will talk about like you know health and this and that whatever and then they'll go and like you know drink or take drugs or whatever like they'll do things like contrary to what they preach and and that is like super common in the Bitcoin space and I think do you think there's a social pressure to conform to 100% even like the carnival thing it's such a scam bro like everyone's like you know like and it's funny I was in Madera um a couple months
(1:11:19) ago I think we're both there actually um and we went out to have dinner and you can just see on everyone's face they look around like and everyone just order steak because it's the thing that bitcoiners should do and like I purposely order the pasta or I order the the burger or I order something else just and everyone looks at me they're like dude he's eating broccoli he's not a big corer dude I swear to God like it's just but they're not doing it because they like it and then do you
(1:11:44) know what we were at this restaurant and everybody got bad staks and everyone was so pissed off and I was the only one who got the good meal because I got the burger cuz I was like you know the burger is the thing you get when you go out to a restaurant like a normal human being but anyway like um I I want to just sort of tie this back to uh what we discussed about where the future's going so we said that we're going to have this wealthy class we're going to have bitcoiners you know you want to do something in Bedford
(1:12:11) new money new money exactly new new money um what happens to the structure of society what does it start to look like well well is this based on the leadership or is this based on BET having better money a bit of both so so so what does what does better money do economically like can can a large nation state operate um on a sound money standard um I believe so yeah really no way sound money no I don't think a larg nation state can why not because it's not economically feasible that the larger the territory gets the harder it
(1:12:53) is to manage oh right so you you think there will be um baniz of stats it has to because you can't like without a money printer you can't uh significantly grow the only way and that's that's been from the beginning of time whether it was the Romans whether it was the so what what will happen is the money will break uh Society will fracture into smaller units it it'll have to me I'm like I'm a big fan of localism yeah yeah yeah um I mean look one of the things that's been very clear to me is the the
(1:13:23) parasitic class um destroys productivity MH and this is I told to you before we started that there's been told to have these principles and then there's lived experiences my lived experiences of operating uh not the podcast but small companies in my local town is that bureaucracy and tax uh are restricting the number of businesses I can create because they are there's a parasi parasitic element to every business I create that sucks out a certain amount of the product AC ity uh both um uh both directly where I'm I'm
(1:14:04) literally having to just give money to government local and National and then internally when the company why I have to provide things for my staff so for example every employee whatever company you operate whether you have full-time staff or part-time staff uh you have to provide holiday pay and so for the the staff that works in my bar1 .
(1:14:27) 7% of their hours I have to them rebate them if they don't take holidays in cash so it's essentially it just raises my cost I'm not saying people shouldn't have holidays right but that could be optional correct and these are these are people who've got jobs this is like a second job and so that makes it harder to do business the licenses are harder to do business the business rat is harder to do business you let let's not even go to the world of no tax you have my tax I double the businesses I launch
(1:14:51) I double the jobs I create so that's a very obvious outcome for this smaller government less parasites more uh opportunities for job creation because we have a larger productive class and a smaller parasitic class MH so in that territory in Bedford um you start to behave differently than let's say the neighboring City unless they start to look at your success and they copy you right all people move in all people move in exactly so what is then Bedford operating Lake uh a small country it's more like a city state
(1:15:29) right and you actually operate like a quasi Monarch yeah I mean look the biggest challenge will be like looking at this mhip is how many things can I actually decide and how many things are decided at the national level most of it I mean even local business rates that's a that's a decision that comes from central government and so there's a lot of things that that come from central government hold hold your back but if um the economic standard starts to disintegrate the capacity for the central government to exist what then
(1:15:59) happens who where does the responsibility fall for the operation of these well you want them to devolve Powers I mean we've had certain amounts of devolution in the UK where Scottish Welsh Northern Irish governments uh have certain devolved powers and decisions they can make um uh there's been talk about doing it more a regional level uh it's not never happened but you kind of want that Devolution of power tax decisions Etc you you you know I I I'm I want to become mayor but I want I want to operate like a CEO I want to run it
(1:16:29) like a business correct so can you see though that you're actually making the case for CEO Kings you're you're making the case for moniki to come back yeah no definitely but that's what I mean it's going to happen naturally not because uh someone wants it or doesn't want it or whatever but like it's just going to happen naturally cu the king of Bedford I'm talking to him right now we will have an alliance between Bedford and Macedonia I'm telling yeah but the the problem is how many people actually have
(1:16:54) the skills to go into this is it this is but that's why I'm writing this book is like the whole point of it is there are virtues that we need to inculcate but I still think there's skills as well there is skills as well absolutely but you can't you can't start with the skills you have to start with the virtues and you can build the skills all the time yeah I don't I I'm not sure I agree with that I think you can start look I I think I'm I'm more equipped with skills and virtue and you know I think they come I
(1:17:17) think they can come at different times we can no I think I think you've actually you're you're quite good on virtues man you you might be weighted to different virtues but you know maybe in some ways like one could argue that you're responsible but you're actually very responsible because you you have responsibility for your employees for the people around you for the you know for your children all that sort of stuff you have a high degree of compassion you know you have you know some might argue
(1:17:42) that oh maybe your sense of justice is a little bit misplaced but you do have this sort of sense of hey there is Justice and everything so you you do have a foundation of these virtues um if you are more intentional you might uh put more structure around them and maybe develop those further but you definitely have the mix of virtue and um and skill and you need both you can't just have one or the other because if you you're highly skilled but non virtuous you become the perfect uh Psychopathic parasitic uh person who will want to
(1:18:14) steal because you'll know you you'll feed on the um the weakness of others right and that's what we have like the the political class is extremely skilled but Lacks you you need both when I think of all my businesses if I open up my laptop and show you after this I've got all these tabs on my browser and each one represents one of my companies each one of those is the key uh numbers I need to know every week or month to run that business and so these are um if you understand what a p&l is if you
(1:18:49) understand cash flow um what what I've built for everyone is like this kind of hybrid between a a p&l and a cas flow that but rather than taking like the traditional p&l structure I make sure I've got the numbers in there I need to know right and so I constantly know how every one of my businesses is performing and uh not not just performing on a week or month by basis but versus previous year and against targets and my you know consistent objectives is you want to reduce costs uh an increase turnover so
(1:19:21) you increase profit but you can increase cost if you're increasing turnover but you're still making profit every every company is profitable the the problem with government local and by the way I have the same for my running my house and with everyone of those is a consequence if my house isn't run profitably uh I lose my house because I cannot pay my mortgage if I my businesses run don't run profitably I lose my businesses now you can take loans for these businesses but they go into your p&l okay you have to repay
(1:19:53) those and if you don't you lose your business and so I think of operating local government exactly the same it is a business okay so what are the key numbers that run it and how are we making a profit are we borrowing money how do we pay it back but the problem the absolute problem no listen this is the ab absolute problem with government is that it has something that I don't have uh within my household budget and within every company uh uh budget is that I can continually borrow money when things go wrong couldn't Kings couldn't
(1:20:24) yeah because if I had that none of my businesses would go bust and I would never be evicted from my house and so governments need to be run with the same budget responsibility and that's exactly what I would do but I the reason I bring up skills is I have the skills to do that I have run a p&l I understand cash flow you know I understand sales I understand marketing and that's exactly how I would want to run local government that's how national government should be run I actually believe personally I've
(1:20:52) got this uh belief that if you had a strong fir foundational um set of principles for uh well so for example the um the constitution in the US yeah if we had a strong foundational Constitution one of the things I would have in there is any government that's running over budget should trigger a referendum M and the country at that point can vote you know the country should understand uh what a deficit means should understand the consequences of loans should understand the consequences come to you as the electorate and the productive class that
(1:21:27) you're going to have higher inflation do you want to vote to continue this do you want to keep this these people in power and that would put a responsibility on them or you know have some form of Taxation against their wages if they uh if if if they' run in a deficit something to put the consequence of the people in power so they cannot uh plunder from the productive class correct I mean you're you're literally defining a monarchy that's that's always been the case yes monares has still clip the coins
(1:21:58) it's I mean they they tried to clip the coins and then they you know got killed or you know something happened but um you know generally speaking what you're defining there is more and more and more what uh a monarchy looks smells and feels like um and the the best thing about am monic is it has uh territorial limitations it can't grow indefinitely um and you are lending The Lending happens not to an a morphous blob of a democracy that doesn't have you know accountability you're lending to a
(1:22:30) family um you know you are lending to a territory operator a CEO or something like that so maybe if we just got rid of the word um monarchy um it would feel better um we could call it a a city state like B city state that's it call it a city state but it's it's really a monarchy uh underneath the surface um and that's actually where I think things are going to go and fundamentally speaking you need like whoever is going to be the people because it's never like even in a monchy it's never one person
(1:23:00) in power right like the king is the figurehead still um and he is the CEO once again so it's like when you have a company and you have a board you know the board is like the nobility right the board is still has a vested interest but at the end of the day the the the decision making capacity is still vested within the CEO because he's got to actually make the managerial decisions but he will come to his board to make board decisions so that way they can direct and you know the the shareholders You could argue are um are the people
(1:23:31) who are economically invested in the success of the company taxpayers correct yeah you could say taxpayers or or membership holders like so if I was to run a country for example it would be membership holders and the membership holders depending on their kind of membership silver gold platinum or Bitcoin right would get different um rights with what they pay for M that sounds like ethereum why does it sound like proof of stake I mean yeah a country has to be run by proof of stake so does a business a business is proof of stake money is
(1:24:03) proof of work there's nothing wrong with proof of stake it's trying to apply proof of stake to a to a system that has to be agnostic proof of stake is not wrong the big misconception people have is they think proof of stake is totally evil or proof of work is totally stupid no no no proof of work is fantastic for money because nobody should be able to touch the money proof of stake is fantastic for a company country uh governance any sort of operation like that because proof of stake is skin in the game you want skin in the game you
(1:24:30) can't have a proof of work like uh company doesn't doesn't work like that what do you believe is more likely to become totalitarian democracies or authoritarian States okay so let's nitpick on the word Authority so what does word authority mean the power to make decisions over it's Authority means earned competence so there's actually nothing wrong with author authoritarianism I actually think B is an authoritarian so is mle they're fantastic we need more authoritarians in the world because Authority means earned
(1:25:04) competence and it like a father for example is an authority in the family because he has lived 20 30 40 50 years and he has earned the wisdom to be in authority and to guide his kids same with a strong leader right so totalitarianism is completely different totalitarianism is a [ __ ] Nanny state or a HR department of a country where you have these middle managers these nitpickers trying to like oversee everything you do you know like a really poor way to run a company for example is a totalitarian like totalitarianism
(1:25:34) another word for it is micromanagement those kind of countries emerge from sort of leftist ideals or democratic ideals or communist ideals because they are far more um inclined to be a projection of the kind of ruling class or the kind of managerial class that's trying to manage things they assume that everybody else is as dumb stupid Etc as they are so they try to impose all these sort of rules micromanagement kind of rules on everybody we must all be safe we must all we're all in this together we all
(1:26:08) have to do this we all have to do that whereas an authoritarian State a well-run authoritarian State should be like a company a well-run company is run by a CEO who has the authority to make decisions when needed but give people enough autonomy to run what they do well because a a person with a [ __ ] brain and competence knows that they can't do everything well we're at the oo Freedom Forum have you discussed these ideas with Alex I have not no cuz I'll probably get cancelled and sent on the I think it'd be an interesting
(1:26:35) conversation I don't I obviously don't think he he'll agree with you in the slightest but it'd be interesting to hear you two debate this we we need to fix up the definitions around this you know I was speaking with Pablo uh Fernandez yesterday the nost dude um and we you know he asked me similar sort of question about author authoritarianism I'm like look we got to stop we got to like claim back that word Authority is good totalitarianism is bad they're actually two different things you want
(1:27:00) authoritarianism you don't want totalitarianism but when does authoritarianism become totalitarian incompetence is a big one um and you know if you um if you build a like a HR State like a nanny State and that generally comes from creating an incentive for people to vote through entitlement not through um not through uh responsibility or cost so usually I think you get there through democracy actually and who else have you discussed these ideas with not a lot I mean you know Ross Stevens and I have talked about a couple times breed
(1:27:34) love and I did a really Banger podcast recently um and fundamentally in the book like I really sort of drill into these things like there's a bunch of big questions asked towards the end of the book after I explore the um the virtues and you know big ones are like can we get away from Cycles or will Cycles always exist what happens you know on a Bitcoin standard do the Cycles still come back um is this the the strong times weak times cycle that cycle there's but there's there's everything in life or everything in existence is
(1:28:02) cyclical anyway so the strong men weak times all that sort of stuff that's just one form of cycle you've got economic Cycles you've got business Cycles you've got cultural Cycles you've got um you know the mega political Cycles you know do you do you not think Cycles are you know just a part of the system like it's they're organic you can't you can't remove cycles and recycles are there to to to separate the wheat from the cha correct Cycles Cycles are there to clean out the system like we we every like
(1:28:34) literally from the very uh cycle life cycle of a cell up to the cycle of a galaxy and a star like everything is cyclical so is there ever a time where uh the Democracy within a cycle was a good thing uh early on perhaps um but the problem with democracies that always devolved so I think it was was a Plato Aristotle that sort of um you you start with um uh I think it's like a man I'm going to butcher this but it's either a monarchy or something like that um or Republic first then monarchy then democracy then tyranny so democracy is
(1:29:15) always like the step before tyranny I think it was PL could have been PL and and Plato said uh the the responsibility for the Democracy the votes should be to the landed the people who have yeah the educated and the landed the ones who actually have so the land of gentry the ones who own the property should be the ones voting because when you're voting you are deciding what to do with the property that's the whole point so that's why democracies originally like so so a democracy can work if there is um a differential in
(1:29:46) who votes but then someone will say well that's not a liberal democracy but that's a fair democracy unfortunately you know well here thing like if if I've got land why should some dude that's doesn't own the land have the same vote as I do on my land depends what he's voting for yeah but if like he'll vote that you know we should all be able to share in the land but it's like my [ __ ] land yeah I mean but that that's that's like what bre talks about yeah democracy is voting other people's wealth I mean
(1:30:18) but it's true right so so this is where it's like if if democracy was uh kept to the person the the people or the persons who are net tax contributors as we discussed earlier or membership pays if it was kept to the customers you would have a very different model and that's fine H that's essentially how a company runs right yeah customers yeah it's it's funny it's it I mean over time I just like there's a good AR you can hear a good argument for everything Alex gine is in this room
(1:30:51) right now he'll be putting up a great argument for democracy yeah very compelling argument for democracy and I'd be interesting to hear you both debate we should do that I think if you had Eric Vorhees in here he would be putting up a very strong argument for uh diminishing the role of the state as much as possible yeah yeah and I would agree with uh both of them in a bunch of things I think um probably more Vorhees than gladin I think maybe life is just messy that's the whole point yeah maybe maybe it's just messy and it's always
(1:31:23) going to be messy and the grass is always going to look Greener and whatever you structure of governance of society we will live in it will it will Trend towards break King and we'll look for something else we will we will but the the the the one thing that I did find was that the the stuff that helped um establish the best civilizations on Earth were so so let me let me explain it this way culture is Upstream of civilization mhm and the the greatest civilizations were preceded by cultures that seem to share virtues and those virtues are
(1:31:59) exactly what the hell I tried to write about because you found those virtues amongst the early Romans amongst the Greeks and macedonians amongst the Japanese amongst the uh the fian West um you know the early medieval feudal West and all of that so you find these same virtues every single time when you have the strong men stage that establishes the foundation for a civilization so if we can maintain some sort of tether to those principles because you know methods can change and there's infinite amount of
(1:32:32) methods but there's only a few principles or you know another word for principles is virtues and you know I've tried to identify like 10 and I think if we know those and if we try and establish methods of inculcating those in ourselves in our children Etc we have a better opportunity to at least diminish the amplitude of the bad stage of the cycle that's the best we can do there's one more interesting subject we could hit called um beauty is the opposite of Communism um yeah go um okay so we're going to get
(1:33:10) into AR architecture and art uh perhaps um and ugly people versus goodl looking people um there is so I wrote obviously the um I was always of the opinion that uh the opposite of Communism was like capitalism or free market economics or something like that but what I've realized it's actually Beauty and I'm going to be talking about this at Prague next week um I got a whole presentation it's going to basically my my goal of the presentation is to offend as many people as possible it's not like you
(1:33:45) it's not like me at all um but my my whole theory is that uh beauty is kind of like like truth it's not something that you can be told it's something that we all recognize right and there's a great quote it's one of my favorites from n which is uh if you crush a cockroach you're a hero if you crush a butterfly you're a villain morals have aesthetic standards it's one of my favorite favorite quotes because it touches on like this deep visceral truth like so so like a moralist will
(1:34:20) say you know no that's unfair you know like the atheist will say you know bugs are bugs and like the the Theologian or the Christian might say you know we're all one under God and all this sort of stuff but like if you see a cockroach I guarantee you want to [ __ ] crush it but if you see someone like kill a butterfly there's just something inside you that'll be angry about it's like why the [ __ ] did you do that like you know butterfly is beautiful like this and those truths the visceral ones that are
(1:34:45) Beyond rational they're the truest truths it's it's that like when we look down at uh societies that eat dogs but hold on we have dogs as pets yeah there there is that that is a truth exactly you can eat a cow but you can't eat a dog even though cows are intelligent it's it's 100% true taste it's instinctual it's instinctual so so instinct is something that we've developed over like our instincts today are the heuristics that our ancestors lived by that's what an instinct is so
(1:35:12) it's something that has been ingrained genealogically in us so beauty is one of those things so Beauty has uh like it's it's it's funny it's like one of the only things that is objective and subjective at the same time like a lot of austan economists or materialists can't get this through their [ __ ] head they think that everything is subjective because the subjective theory of value is 100% accurate in the material Dimension beauty is something that transcends the material you know like you see like
(1:35:38) everyone will see a Sunset and will be drawn to it right or a sunrise or a beautiful like landscape or a beautiful woman like and it's funny you don't have to like beauty is not rational but we can also rationalize it afterwards you know like the the golden ratio Pi like you look at that ratio you see it in faces in Contours in land and all this sort of stuff in galaxies and shells and flowers and roses everything so like Beauty almost has like a it's like the the fundamental uh substrate of the universe
(1:36:09) is beauty now why am I [ __ ] talking about this and what does it have to do with Bitcoin is I'm convinced that the the lowest time preference Pursuit is beauty like to create life and to ner it to raise a child for example Something Beautiful to create a human takes time energy sacrifice a low time preference to build a beautiful cathedral you know people who built these you know medieval cathedrals in Europe that the ones who started it never saw it finished it was multiple Generations after than the thing
(1:36:41) finished right so to create anything like that of beauty like for the for the mountains to be created the tectonic plates of the world had to like butt against each other over thousands of years and create this sort of like beautiful scenery like for for a Galaxy to be created a supernova had to happen so like beauty is the thing that takes the most time 16 Chapel was what two decades insane right so it's like of painting like this yeah right so like I believe and this is sort of you know everyone's called Bitcoin something
(1:37:14) different like you know Bitcoin is money Bitcoin is energy Bitcoin is Thor of value Bitcoin is a [ __ ] mushroom Bitcoin is freedom Bitcoin is this Bitcoin is that right I've got a new one which is I think Bitcoin is a framework for Beauty and Excellence because by lowering the time preference you create the space to produce beautiful things again and I think that's fundamentally important and I think the the reason I say beauty is the opposite to Communism is because beauty is the highest Pursuit like to
(1:37:42) create something of beauty um really takes time energy sacrifice and you know beauty is almost like it's it's so Transcendent it's like it's the thing we all Aspire towards and we're all attracted to um and it's the thing like it's you know beauty is also like it's this crazy Paradox beauty is violent and it's peaceful you know beauty is Everlasting and it's fleeting like it's beauty is in a snowflake and it's in a galaxy right it's a it's in a volcano erupting and
(1:38:10) it's in um it's in like a a peaceful uh tranquil Lake right so it's like it's it's be is like the ultimate Paradox but it's the ultimate thing that we sort of like want to pursue and like truth it's the thing that gets co-opted the most right because we're just naturally instinctually drawn to it um but yeah my my whole point here is that there's a whole chapter of this in the book where I talk about it and it's going to trigger a lot of people in many ways but um my my whole theory has come to be
(1:38:42) that for us to reclaim civilization we need to reclaim our relationship with beauty and power that's like the two things that we've we've somehow abdicated as we we've become more materialist as we've become more democratic as we've become more equalitarian um as we've become more um consumerist consumerist all this sort of stuff like we we've forgotten that you know power is beautiful beauty is powerful um and that hierarchy Excellence reaching for the stars is something um that we should be doing
(1:39:15) more of um and arguing for average arguing for equality and all these sort of things are descendant whereas like Beauty Hier Excellence virtue all of these things are ascendant like even the word ex the word virtue means excellence and the word excellence etymologically means separation from the average it means to climb a mountain egg salair means to climb a mountain so like these are things we've forgotten but they're in our words like every single virtue that I write in the book I spend the first two pages looking at the Japanese
(1:39:48) atmology the Chinese atmology the Latin English and Proto IND European and it's incredible how languages that are completely desperate all mean the same thing with these words like the the the sounds the structure of the words mean the same thing and we forget this [ __ ] but when you come back in touch with it you start to realize that there's these there's these threads of Truth like as you said we're all going to like go through mess like life is messy but there's threads of Truth somewhere in
(1:40:15) there and it's those things that we should look to find do you know what is beautiful low time preference engineering that leads to to a beautiful end product tell me Lambos they are beautiful cars AB low preference engineering I would say Maserati or even an Aston are even better but like Aston Martin depends on the model it's it's a beautiful car the new Vantage V12 is beautiful um seriously that's man-made Beauty right there absolutely yeah but we're not allowed Lambos because that's
(1:40:46) high tip preference n we're allowed Lambos if we appreciate the lambo not just for [ __ ] wanking off you know like or taking Instagram photos with got to be something more all right what do you want people to do man uh look if people enjoy this conversation or if they got triggered or anything um I well depending on when it comes out I believe it's going to come out July or something yep so uh Bido of bitcoin.
(1:41:11) com spell the Bido bit bu u h i d o Bido of Bitcoin I'm sure they know how to spell of put that in the show notes um so yeah it is a do com so it's easy to find um and there is a crowd fund going on right now both on Geyser which is in Bitcoin and I'm going to do it on Kickstarter for the people that don't want to spend SATs what's your what's your top tier crowdfunded item man I literally it got leaked and it already got purchased what yeah it was um so as we discussed in Madera there's going to be
(1:41:44) 21 leatherbound Gold Leaf like printed versions of this um and they're going to be numbered 1 to 21 I'm keeping number one uh someone else has got 21 literally someone just purchased 21 uh and they spent 2100 bucks on it um wow yeah so and what about the other 20 the other 20 so I other 19 sorry sorry there is 19 yeah we can't count um so the other 19 they're not all going to be available but there is nine available as part of the secondary tier on um how much are those they are 900 bucks um you get that
(1:42:18) you also get a couple hard covers that are signed and you get a couple soft covers to give out plus uh the audible and all that sort of stuff you should have auctioned the 20 number 21 I I wanted to but what I did was I put it up for 1500 and if the person bought the tier and added another 600 they could get the number 21 and I didn't expect it to get sold I knew it would and it got sold straight away I couldn't believe it like within like the first 5 seconds and I was anyway we had a we had a rail bford football shirt was signed by
(1:42:46) everybody that sold but for $1,500 and we were a 10th deer football team yeah well you could you should have auctioned that one should have auctioned it it's all good you should inflate the supply no no I can't I cannot do that my my my virtue prohibits me from doing that all right man well listen I'm looking forward to reading the book I I don't read many Bitcoin books but I think I'm going to read this one this one's going to be different like I just want to say this one last thing this is not a
(1:43:08) Bitcoin book I don't talk about economics or the history of money or sound money and all that [ __ ] I talk about virtue history philosophy and why these things are important and I think particularly for anyone that takes seriously the the respons responsibility that is going to come with being Wealthy on a Bitcoin standard and paying it forward as we discussed earlier about Judy responsibility I think this book is a Playbook that's how I'm kind of pitching it is like there's there's a playbook for winning on a Fiat standard
(1:43:36) which involves cheating lying stealing being a parasite there is also a playbook for winning on a Bitcoin standard which involves courage compassion uh Excellence responsibility loyalty respect self-control this is that Playbook and that's what I like I honestly believe like if saferin wrote the number one Bitcoin book the Bitcoin standard and I think it sold a million copies like it is the book about getting to a Bitcoin standard and the economic argument for that this is a book for what we do when we're on a Bitcoin
(1:44:07) standard who do we become how do we behave and I think it's like the the natural progression from that all right well listen Bushido check it out people thank you so Alex thank you for coming on the show again apprciate it we uh argued again as always all right forever we'll be doing this to I won't be I won't be alive then right see you later everybody


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