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Jan. 16, 2022 - The Delingpod - James Delingpole

01:08:06

Richard Heart

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	I love Danny Paul!
	Come and subscribe to the podcast baby!
	I love Danny Paul!
	And there's another time subscribe with me!
	I love Danny Paul!
	Welcome to The Deling Pod with me, James Delingpole.
	And I know I always say I'm excited about this week's special guest, but I really am.
	Richard Hart is... Richard, you're very similar to me, actually.
	You two want to make the world a better place.
	And you actually say that on your website.
	A rare breed.
	Yeah.
	There's only two of us.
	No.
	Us and all the beauty pageant queens.
	Exactly.
	Yeah.
	Them as well.
	I remember those days.
	Are they even allowed now?
	Hasn't it been banned, that kind of thing?
	I have no idea.
	I hope not.
	But hey.
	No, exactly.
	I don't watch it.
	But I don't like when things get banned.
	I'm with you on that one.
	I think we're probably going to agree on a lot.
	There is, even though I said that we're quite similar, There is at least one thing where we differ greatly.
	I think you're a billionaire and I'm not.
	I've heard that rumor.
	Are you actually a billionaire?
	There's two things I don't tell people where I live and how much money I have.
	Okay.
	Everything else is pretty much fair game.
	Okay.
	Fair enough.
	Most people think I'm a billionaire.
	Yeah.
	Yeah.
	Okay.
	That's good.
	Cause I founded, uh, I don't know.
	I used to mine Bitcoin back when it was 50 cents.
	Then it went up to $69,000.
	I used to, uh, have 150 employee company in the United States six years before, uh, Bitcoin was invented, retired a multimillionaire then at the age of 23.
	I was 25 actually.
	And then I founded Hex, Hex.com, which is, you know, worth hundreds of billions depending on the day.
	Right.
	And then I've like, you know, we've had two sacrifice phases for two other currencies, PulseChain.com and PulseX.com.
	PulseX.com is at $889 million today, sacrificed for freedom of movement.
	And then the other one for freedom of speech I think that was like 600 million before the sacrifice volume ramp stopped.
	So there's just a lot of money in the things that I look at.
	I think the answer is, you bastard, you've done quite well for yourself.
	And how old are you?
	Just getting started.
	42 now.
	42 now.
	But I dress like a teenager.
	Yeah.
	Well, that's one of the privileges of having that money, isn't it?
	My grandfather, Was it my grandfather or my great, it may have been my great-grandfather who had had some money and he used to used to dress quite sloppily and someone pointed this out to him and said yes I dress sloppily because I can afford it I dress sloppy because I can't afford it.
	But that's another story.
	You've already answered, you've given me your kind of brief resume of your life.
	So that's my first question out of the way.
	There's lots of kind of bigger picture questions I want to ask you and lots of sort of more focused questions on crypto and stuff.
	But first of all, bigger picture stuff.
	Are you a fan of people like Catherine Austin Fitz?
	I mean, are you kind of down the rabbit hole?
	Never heard of her.
	Who's there?
	Catherine Austen Fitz.
	Well, she used to, she's kind of a poacher turned gamekeeper in that she used to work for the US government.
	And she now sort of draws people's attention to things like the, the great, the great reset with regards to Where are they going to crush the economy and turn us all into slaves of central bank digital currencies?
	Aren't they kind of already done that?
	I mean, you've got helicopter money has made it so that everything is more expensive than it's ever been.
	No one's wages.
	Have kept anywhere near up with increases in prices.
	Yeah.
	They take your money through the form of taxes and then they dribble a little bit back to you in the form of stimulus.
	And so instead of taking less and just leaving you in control, they make you beg for your own money.
	And then they basically put you in prison so that you're not allowed to move anymore.
	That is a crime, I thought, to restrict someone's movement was false imprisonment.
	You go to jail for that.
	Kidnapped somebody, you go to jail for that.
	But now, apparently, if you just do it at scale with millions of people, no big deal.
	So now you can't go where you want to go.
	Yeah, they're winning.
	And the only good thing going on that I know of is crypto.
	Everything else sucks.
	Yeah, you're right.
	I'm afraid.
	I'm afraid you're right.
	I was having a massage the other day.
	I've been having back trouble.
	Oh, that must be nice.
	I guess it's the crypto and the massages.
	I've been having too many massages recently.
	The woman who does it said to me that some friends of hers had just come back from a skiing holiday.
	Stop taking your towel off!
	That was a terrible Asian accent.
	It sounded like a German accent.
	She wasn't one of those.
	Comedy needs work.
	So some friends of hers had been on a skiing holiday to Austria.
	And in order to get out of Austria, they had to have some stuff shoved up their nose, you know, some swabs.
	I mean, they're lucky not to get the anal version.
	They had to be swabbed by this doctor.
	And one of them, who'd had no symptoms at all, tested positive for this alleged COVID thing.
	And instantly, the Austrian authorities took him away in a windowless van and took him to a effectively a prison cell.
	I mean, it had a window looking onto a brick wall.
	It had a rudimentary toilet and a sink and that was it.
	No TV even.
	And they imprisoned him there for six days.
	Now, you're right.
	What you said earlier, two years ago, three years ago, this would have been international news, an outrage, an abuse of power.
	And now we've come to accept this as the normal thing.
	Well, uh, except as a strong, I mean, I guess who we is.
	Yes.
	I guess a lot of people.
	Yeah.
	I mean, I choose the battles I'm going to fight because this isn't going to be the hill that I die on.
	I'm not going to blow out creating the world's best performing assets by hopping on a soapbox and yelling at the powers that be.
	To no effect, I might add.
	I'd rather keep building and gathering up energy until we can strategically deploy capital and get intelligent people elected.
	For me, it's a different game.
	For people that don't have the future of doing that, maybe the soapbox and yelling is the best way to go for you guys that maybe aren't as financially adept as me.
	That's true.
	It is.
	I am disgusted by it.
	It is absolutely, you know, your, my rights don't stop at your convenience and you don't get to abridge my rights and violate my rights.
	My first amendment rights to freedom of speech, my first amendment right to freedom of association and assembly, and that requires movement.
	So you don't get to stop and, you know, abridge my rights and imprison me because it makes you sad or because you're bothered or because whatever you're doing with your life doesn't actually protect you.
	That's your problem, not mine.
	So you can go live in a box, not me.
	You can go isolate yourself, not me.
	Like it's disgusting.
	Well, we're all feeling it wherever we live around the world.
	There are very few, there are very few places that you might hide or retreat to.
	I mean, back in the day, I'm old enough to remember when we used to used to say, well, obviously there's New Zealand.
	We can go to New Zealand because that's nice and peaceful and remote.
	But New Zealand is a kind of a sort of satrapy of communist China now under Jacinda Ardern.
	And even even in the US, I mean, I'm presumably you are in the US.
	I mean, there's only a few places.
	Nobody knows where I live.
	It's okay.
	Okay.
	It's like a top secret double.
	That's good.
	I mean, there's tons of people that know, but just nobody on the internet.
	But okay.
	That's, that's fine.
	But I think we agree.
	There are very few places we can, this is, this is all our problem.
	There aren't any really like, where are you going to go?
	Canada is now going to put a tax on people.
	One of the states in Canada, I think it was Quebec, decided to put a tax on people that didn't get the jab.
	You're like, okay, yeah, mm-hmm, nice.
	It's like, what happened to bodily autonomy?
	Is that not a thing anymore?
	Can the government just do whatever they want to you?
	Are they going to start doing forced sterilizations again?
	Like, can we, Hey, I have an idea.
	Why don't we all take an IQ test?
	I have IQ, I'm in Mensa.
	And then all the dum-dums that are in office, they don't get to have kids anymore because their IQs aren't high enough.
	It's funny you say that.
	The government decides what's going on and then cheeseburgers should be illegal because they're not healthy.
	So it should be illegal.
	I mean, heck, since the government's in charge of our lives now, I can think of a whole lot of things like everyone go to bed at eight o'clock.
	Danny State, it's disgusting.
	People forgot.
	I just, you never thought you'd see this stuff to tell you the truth.
	And all the things that people said were never going to happen, happened.
	And you're like, okay, you guys, everyone that was on the side of the government, the government lied to you over and over and over again.
	And who's the government?
	It's the guy living next door to you.
	And when you see the cops beating up little girls, making them get unconscious and peeing themselves, those are your neighbors.
	So it's like, I don't know, man, sucks.
	That's very true.
	I was going to interrupt by saying that, of course, this is not a new thing.
	What you were invoking then was pretty much the philosophy of people like, political philosophy, people like George Bernard Shaw.
	I don't know whether you've seen that damning footage.
	I don't know any of these people you're talking about.
	I'm from America.
	I don't know none of these people you're talking about.
	Consider it personal education, Richard.
	I'm going to educate.
	George Bernard Shaw was a very famous playwright writing about the turn of the century, sort of, yeah, the early 20th century, say.
	He was also a Fabian.
	He was probably a Malthusian, though, so he believed in... I don't know any of these words, brother.
	It's Fabianism.
	Fabianism is about the left's march on How the left conducts its takeover by increments rather than by revolution.
	So they capture the institutions.
	Incrementalism.
	Incrementalism.
	Okay.
	It's like, it's like that.
	I saw a good British clip of the, the sausage, like if the Germans were going to invade, when do you release the nukes?
	When they invade Poland?
	No.
	When they invade France?
	No.
	When they're at Piccadilly?
	No.
	Well then when do you actually use those defensive nukes?
	You figure out they're like, you can't actually ever use them.
	Death by the cutting of the sausage.
	Yeah, there's a show called.
	My camera was called.
	It's a good.
	It's a good statement in that like nukes don't work, but back to Fabian ism and Malthusian ism is Malthusian ism is, you know, the idea that the Earth cannot support so many people, so we need some kind of depopulation program or we need to do something.
	These people are evil, but we need more people, not less.
	Yeah, totally.
	We're on the same page.
	I mean, me and Elon Musk are on the same page here.
	Like, the world needs more people, not less.
	Yeah, yeah, yeah.
	But it's amazing how prevalent is the idea promoted by people like, you've heard of David Attenborough, right?
	Yeah.
	Yeah.
	He's the guy that talks with a deep voice and likes to look at animals.
	He's got a whispery voice.
	Yeah.
	Soft, whispery voice.
	And yeah, he's revered.
	I mean, he's revered like like royalty.
	Here we see the blue whale in its natural habitat.
	That's like an American version of what he says.
	Yeah, exactly.
	But he has promoted this idea, which if you asked a lot of people, a lot of normies, is the planet overpopulated?
	They'd say yes.
	Well, they all say yes, because they're all stupid.
	Well, they are.
	That's true.
	Get in an airplane, look out the window, and show me the people stacked on top of each other.
	Nope, it's all empty.
	The only place you find pockets of population where they choose to be stacked on top of each other, by choice, because the food's better, the dating opportunities are better, the movie theater's bigger, the shopping's better, the distance to work is shorter.
	It's like everything's better.
	People choose to live that way.
	They don't, they're not forced to.
	And then when they do live that way, the population goes right through the, the rate of population and generating new people goes straight down.
	So any nation that gets rich, you can watch Hans Rosling's Ted talks on it.
	Negative population growth in Europe, negative population growth in Japan.
	What do you want?
	Every place people get rich, the population growth goes down to like not even sustaining the current population.
	So you can't argue with math.
	The math is very clear.
	Yeah.
	So where do you, before we talk about cryptos, where do you see this all going?
	I mean, are we going to win against these people who are trying to crush us and destroy us?
	Well, maybe.
	Oh, thanks.
	My gut feeling is yes.
	So the reason I think yes is that They're just doing what they think is the best thing, and they're just too dumb and educated by the wrong people in regards to what the best thing is.
	So it's not that they really wanted to take your rights away, although many people say that.
	It's not that they really wanted to be pieces of trash, although a lot of people say that.
	It's just an emergent property of getting bad advice.
	First it was, masks don't work and they're even harmful.
	Now it's, you have to wear them.
	Well, someone was really, really wrong, weren't they?
	Someone was really wrong and they should get slapped for that.
	Who was wrong?
	Who got this?
	Right?
	And then when I, my calls to action are non-physical.
	So mental slapping, social slapping, don't, don't physically slap these bastards when you meet them.
	Cause that would be illegal.
	You know, if you get something wrong, you should have to be penalized for that.
	So someone got that wrong, the CDC particularly, and then creating these viruses which are Gain of function, which really means how harmful can we make this to humans?
	That's what that really means.
	Yeah.
	It doesn't seem like a good idea to me.
	That doesn't seem like something you should be working on.
	Because we, like, nature is already doing that.
	And I have a vegan friend and he says, you know, it would be great if all these meat eaters wouldn't keep making wet markets where all that you're breeding pangolin viruses with bat viruses, with pig viruses, with humans, and then mixing them all up to see what type of super virus you can make.
	And you can't really argue with that.
	Like, I just had a giant steak not very long ago, like an hour ago.
	Yeah.
	Tastes great.
	But you know, I don't think they're sticking it next to the pangolin and next to the bat and all this jazz.
	So there are things we can do to be healthier as a nation.
	I don't think it's an accident that most of these viruses are coming from a single place in the world where it's like, hey guys, do something different over there.
	Yeah.
	This ain't the first rodeo.
	This ain't the first time we've had this problem.
	And since it's trillions of dollars a problem, why don't you guys chuck billions at it to fix it, please?
	Because we can't do it for you.
	We ain't got no pangolins and no bat markets where I'm from.
	Fix it.
	Stop sucking.
	Please.
	You're killing people.
	So in the end, I think we'll win not because we deserve to win, not because anyone did the right thing, but just because these viruses tend to get weaker over time and it should kind of end up similar to a cold where it's something that sucks and you just get it occasionally and it's just part of life.
	That's how it should end up naturally.
	Because otherwise, think about all the other horrible things, the pandemics of the past.
	Well, where did they all go?
	Did they have amazing interventions back then?
	Did they have amazing medicines back then?
	No.
	Viruses just tend to kill off people and become weaker over time.
	So we're just going to win by luck, basically.
	That's my opinion.
	Right.
	But it sounds to me like you don't think that this was all planned.
	It wasn't.
	No, it wasn't.
	This isn't the first time this has happened.
	I mean, Bill Gates has been talking about, get ready for the next pandemic for 20 years.
	And I mean, we were, we were probably 10 years overdue.
	So it's like, yeah, we have these happen every once in a while and they suck and you really would be better off throwing money at it earlier rather than later.
	There's not enough people working on medicine.
	That's why I raised $27 million for medical research.
	Me.
	I raised 27 million dollars for medical research.
	It's part of the reason I am the best person in cryptocurrency.
	So... Well, I'm not going to argue with you on that.
	I think we do disagree about the origins of the pandemic.
	But you see, I see... Where do you think it came from?
	Well, I think... I mean, it was either a lab or... Fauci?
	In either way, it came from the same exact place.
	In either way, they need to be doing better.
	Or Rosalie DiFauci, certainly.
	Yeah.
	But the point is that these measures...
	No, I mean, all roads lead to China, man.
	All the Hong Kong flu from the 50s is Chinese.
	You know, the SARS was Chinese.
	The COVID is Chinese.
	This ain't no new thing.
	Like in Fauci, he ain't over there.
	Well, he did.
	He contracted out his work to the lab in Wuhan.
	So he did, actually.
	I mean, under Peter Daszak.
	He sucks.
	He obviously sucks.
	But if he hadn't sucked, you would have had... Man, look, this was in a movie, bro.
	Everything you're seeing was in a movie called either Outbreak or Pandemic.
	I think it was called Pandemic.
	Every single thing that you saw.
	Passports.
	You could only go shopping if you had a passport.
	Where it came from.
	How people responded.
	Everything was in the movie, man.
	People already knew this was going to happen.
	It didn't take any extra work or thought at all.
	It was literally all in the movie.
	Well, that's because- It's easy to predict.
	Yeah, they tell you what they're going to do.
	But look, I don't want to waste your expertise.
	But the thing is, listen, no, look, I got all night, bro.
	I'll put you to sleep.
	It's okay.
	No worries.
	The people that are in power do not want the world to get more screwed up.
	They don't.
	They make more money when the world does better.
	People that own businesses like it when they can have their business open and customers can be shopping.
	People that are in finance like it when people can be using their credit cards and getting loans and buying stuff and doing commerce.
	Everybody wins when everything works better.
	So the powers that be do not prefer a pandemic.
	They do not prefer people can't move.
	They do not prefer that everything has to be shut down.
	They don't want that.
	They really don't.
	It's against their interests.
	It makes them less wealthy.
	It makes things less convenient for them.
	It makes it harder for them to go to their parties.
	Nobody wins when this crap happens.
	So, I mean, yes, they suck for many reasons, but causing, on purpose, a pandemic is not one of them.
	Okay, so we're going to segue smoothly onto the subject of, you said that crypto is the saviour and our answer.
	Well, it allows you to out earn the horror.
	The horror is still there for everyone else, but you get to abstract yourself from it or extract yourself from it.
	Well, I like to think so, and I'm sure that there are lots of people watching this who are going to be going, yeah, well, I've got some Bitcoin or I've got some Ethereum.
	What do you say to those people who say that the powers that be could pull the plug on cryptos at any second and that we're just waiting to lose all our money if we've got cryptos?
	They're retarded.
	Let me give you an example.
	Are you listening, retards?
	Richard Hart here.
	Let me tell you how retarded you are.
	Okay.
	What's the biggest lobby in the United States?
	The Motion Picture Association.
	And who do they work with?
	All the famous people.
	Okay.
	And what do they hate?
	Online movie sharing.
	Why?
	Because it's stealing money directly out of their pockets.
	Okay.
	Have they shut down online movie sharing?
	No.
	Is online movie sharing alive and well?
	Yes.
	Is it the best it's ever been?
	Yes.
	So what happened to your big powers at B story?
	What happened to the government's going to shut it down?
	What happened to all that?
	No, the government didn't shut it down.
	You guys are all wrong.
	You all suck.
	What happened?
	Oh, by the way, all the libertarian retards, and I'm half libertarian, so hate to call them retards, but I have libertarian friends that said, Tesla's a terrible company.
	They only survive on government subsidies.
	Oh yeah?
	Okay.
	So they make the world's safest, quickest cars that drive themselves and automatically steer and brake to avoid accidents.
	And even if they don't avoid them, if they do have an impact, they're the safest car you could possibly be in.
	Oh, they suck.
	Okay.
	Now let's go look at the price chart.
	It went from like nothing to $1,400 a share.
	Oh, so the price chart's great.
	The performance is great.
	The brand is great.
	They don't spend any money on marketing.
	They don't spend any money on lobbying.
	This all sounds pretty awesome, guys.
	It sounds like the Libertarians were wildly wrong and lost tons of money shorting a good company all the way up.
	They did the same thing for Netflix.
	Apparently they learn real slow.
	Netflix is stupid.
	They suck.
	They, you know, they send you discs.
	You're like, bro, have you updated your worldview in like 10 years?
	They stopped doing that.
	And now they do their own movie productions.
	They have a locked in audience.
	They have exclusive, there's tons of things that are awesome on Netflix that you can't see anywhere else unless you just steal them.
	And then the libertarians are like, huh, what?
	So all the stuff I hate actually was a wildly good investment.
	I hated Bitcoin because the government was going to shut down.
	Oh, it went up 6.9 million fold.
	Libertarian idiots, which is funny because in the beginning, the libertarians bought Bitcoin, but then these other libertarians, it's weird.
	These two groups of libertarians fought each other.
	The guys that were anti-government Gold bugs love Bitcoin.
	And then there's guys that are anti-government, but afraid of government and said they're going to shut Bitcoin down.
	It's hilarious.
	Like Michael Saylor did this.
	Michael Saylor, who now has bought billions and billions of dollars of Bitcoin, said that they were going to shut Bitcoin down like they did online gaming.
	Oops, wrong.
	Instead, you buy the top.
	Instead of buying back then when it was $1,300, he decides to buy it when it's $10,000.
	Flap, flap, flap, flap, flap, flap in his lips.
	I bought it at 30.
	Also bought the top.
	Went down to two.
	But held it.
	Yay.
	So, there's this nuance to getting things right.
	I get it right.
	I had a live stream with a guy named Harry Dent.
	He said there was going to be a market crash, 90%.
	I said, nope, they're just going to keep printing money.
	He said you should short the market and buy bonds.
	Guess what?
	I was right, he was wrong.
	Our bet ends in a year.
	Right now, he's down 30%, depending on how much leverage he has on a short.
	Idiot.
	Hey look, there's this chart that only goes up and to the right forever.
	I'm gonna bet against it!
	Because this time's different!
	Annihilated.
	He's been wrong for 20 years.
	He's an idiot.
	So like, you know, I get it right over and over and over again, and time proves me right.
	I called the Bitcoin top on that day nine months ago, and that top call has been a profit every single day for nine months except one.
	Little blip, 6%.
	Judas candle to get everyone long, and then it went down 41%.
	And now it's sitting down about 38, 39% right now as we speak.
	I was right.
	Everyone else was wrong.
	This happens over and over and over again in more than one area.
	So it's down 38% now.
	Does that mean that this is a good time to buy?
	What's going on?
	No, when it falls out of the parabola, it goes up with a parabolic rise.
	When it falls out of the parabola, it tends to drop 85% of its value.
	So 85% down from 69K is 11K.
	Now there's a chance the government has printed so much money that even though it's a reflective system where people, you know, right now you can buy grayscale Bitcoin for 25% discount.
	And that's what most of Wall Street does, is they just buy grayscale Bitcoin.
	What's grayscale Bitcoin?
	So grayscale is a trust in the United States that buys Bitcoin.
	And then you can buy shares in the trust and the trust owns the Bitcoin, but you have no right of renewability.
	Right.
	If you did have a right of redeemability, you wouldn't be selling for a 25% discount.
	You'd redeem it and sell it for full price on the market.
	But since there's no right of redemption, they're just taking a haircut.
	But the whole rise up, they had a 20% premium.
	Now they have a 20% discount.
	So it's an easy top signal.
	Because as long as Grayscale is sucking away institutional demand with their discounted Bitcoin that they really do have, it just doesn't have redemption.
	You're not going to go up.
	You're not.
	It's too much weight.
	It's too heavy.
	People buying JPEGs, serial numbers loosely related to JPEGs, which may or may not still be hosted on the internet, paying millions of dollars for those.
	Nope.
	I don't believe it.
	Sorry, guys.
	You got to lose all your money.
	You bought a million dollar, didn't even get a JPEG, but you bought a million dollar JPEG, let's call it.
	You got to lose all your money.
	Sorry, dude.
	You're dumb.
	See ya.
	So until those guys get washed out, until all those NFT guys get nuked, I don't see new highs.
	And I don't count that one Judas Candle 6% thing as a new high in crypto, which goes up down 15% a day.
	And then by the way, When I called that top, Bitcoin went down 55% from the day of my call.
	Then it bounced and then it went down another 42.
	My cryptocurrency, Hex, went up 33x, which is 3,300%.
	So if you had sold your garbage Bitcoin when I called the top and bought Hex instead, you would have made 33 times your money.
	Now there's been a dip.
	Now it's only 13 times your money.
	Oh, only 13 times my money in nine months.
	Okay.
	So why talk about Bitcoin and Ethereum when what I built mergers them performance-wise?
	Better uptime, better... Well, funny, because we're built on Ethereum, but we still have better uptime.
	It's interesting.
	Because you have different failure modes that aren't complete.
	So imagine I've never heard of cryptocurrencies, or I've heard of them a bit, and I'm eager for your accumulated wisdom.
	What would you be saying to me now?
	I mean, you know, I'm worried about the markets.
	I'm worried about this and that.
	When should I buy Bitcoin?
	I think Bitcoin and Ethereum are topped.
	Wait for the dip.
	I would wait for the dip.
	The real dip.
	Wait till you see all of the guys that bought million dollar JPEGs crying bloody murder because no one wants to buy back their million dollar JPEG from them.
	Wait for those guys to get washed out.
	Yes.
	Wait for those guys to get nuked.
	Nuked!
	Zero or close to it.
	Once those guys get dead, then you can talk about going back up.
	They need shaken out.
	So, you know, 85% drop usually is what you get.
	And then the last bear market only lasted exactly 365 days.
	So the pain doesn't have to last a long time.
	And if you want to talk about gains from the COVID dip, Bitcoin dropped 65% in 14 days for COVID.
	And then it went up 18 fold.
	Ethereum went up 50 fold.
	Hex went up thousands of fold.
	So, choose wisely which asset you participate in.
	If you really want to do well, I think you might want to look at this pulsex.com, which was my newest thing.
	So far it's got 890 million sacrificed so far, currently.
	It's more than that.
	I mean, that's just on the Ethereum chain.
	There's another 40 million on the BSC chain, another 14 million on Bitcoin gain, another, you know, 4 million Bitcoin cash, Monero, Litecoin.
	There's like, it's a lot of people very interested in it.
	It supports freedom of movement.
	It's a political statement.
	So I think Paul's text.com is the way to go because in a bear market, new things can overperform.
	Like EOS in the last bear market did a 40 X and then it never did anything after that.
	It just sucked terribly after that.
	Um, it dumped and then just stayed in a range of a three X or doom for like evermore.
	Yeah, so pulsechain.com, pulsex.com, hex.com.
	I don't think you're going to beat those.
	You're really not.
	Perfect, flawless, 100% uptime, unbeatable.
	And then with the reflexivity and the dumps and all that, I called yesterday that we should get a 10% bounce today because we were oversold on the daily RSI on Ethereum, two-year lows on the daily RSI, 28 and 29, on an oscillator that only goes from 0 to 100, 30 to 70 in the green area.
	And what happened the next day?
	We're up 14% today.
	And I give these price calls away for free.
	Yeah.
	Like I'm a God at this.
	I called the top in 2017.
	I called the top in 2021.
	Like I'm a God at price calls.
	Don't make very many of them.
	I've thrown darts at a wall and some of them hit.
	Yeah.
	Crypto God, can I consult your wisdom then?
	So I've got quite a lot of money in cryptos and obviously I've seen it go up to 60,000 or the equivalent for whatever crypto it is.
	Now they're kind of languishing much lower.
	Do I liquidate them all in expectation they're going to buy lower or do I just hodl?
	One, I'm not a financial advisor.
	Two, with that said, I think sitting through a bear market sucks.
	And I think if you're just buying now, you're buying the top.
	And that's the thing.
	Would you buy now from afresh, from new?
	And if you wouldn't, then why would you hold now?
	So if you wouldn't add to your position now, why would you hold now?
	Because they're the same thing.
	So, strongly look at Pulsex.com.
	You could sacrifice probably many of those cryptos.
	Yeah.
	And, you know, get some free coins that become very valuable in the future perhaps.
	Right.
	That's interesting.
	So, it's like, yeah, you've got to bounce here because it's oversold.
	Yeah.
	But the world's richest guy already bought it.
	El Salvador already bought it.
	Is really retirement companies have already bought it.
	Who's the next world's richest guy that's going to buy?
	You gotta understand, this is a zero-sum game, kind of, and someone needs to buy the top and sell the bottom.
	Is it you?
	Are you the kind of guy that buys the bottom and sells the top?
	Look, if you have a long enough time horizon, you can justify just holding, but why though?
	So if you buy a 75% dip and you get another 2x, you're really up 8x.
	But if you don't buy a 75% dip and it goes up 2x, you're only up 2x.
	So, you know, the difference between 8x and 2x is nice.
	So buying dips, it's pretty cool.
	We're in a bull market.
	But when the dip keeps dipping, and by the way, how do you know you're in a bear market?
	Oh, I don't know because the annual return on Bitcoin is negative right now or close to it.
	It was negative yesterday.
	You know, maybe it's up 2% today or something.
	It's trash.
	I mean, I call the top on the day.
	What do you want?
	I call the top of the day.
	It's been a profit nine months except the day.
	Don't you wish you followed my advice?
	What can I tell you?
	And do you have any idea of the timeline for the next rise?
	I mean, we're talking about... Well, it depends on when you can shake these guys out, right?
	Like, you need them to get shaken out.
	You need the dead weight shaken off of the airplane.
	Remove the ice from the wings.
	It is not beneficial to have a bunch of noobs that just got here and bought million-dollar JPEGs in profit, because all they can do later is dump them on you.
	Yeah.
	So when someone buys a stupid JPEG with the $40,000, instead of buying a real crypto for $40,000, it hurts the other crypto's price performance.
	Right.
	Because people have finite money, and there's finite ticker symbols, and if they allocate their money to stupid crap, Then the good stuff doesn't get the capital.
	It has less price performance.
	Do you want to live in a world where poor, garbage, pixelated, copy-paste, generative art is what people are funding and creating more of?
	Hey guys, I have an idea.
	Why don't you save the money you paid for getting your fake non-fungible thing, which is actually totally fungible, which is the reason why one of the prices affects the other prices.
	They are fungible.
	Yeah.
	Go take that money and hire an artist and go make your own project.
	And keep doing that until everyone realizes it's crap.
	Look, at some point, I'll probably give the audience what they want and give them that trash that they shouldn't want, because better they're in my ecosystem that works better than other ecosystems.
	So PulseChain.com gives everyone a copy of all of their NFTs, a copy of all of your Ethereum coins, a copy of your Ethereum on a new chain for free.
	You don't have to do anything.
	It's free.
	Well, guess what, man?
	A lot of people like free stuff.
	So, you know, I'm, I'm, I'm reducing the value of the thing that I'm creating by telling you the truth about NFTs, which is that you're trash.
	Yeah.
	And I'm alienating a large audience, but screw you guys.
	Like what you're doing is trash.
	Go make real art.
	Tell me about, tell me about, give me the, give me the pitch for Pulse X. What, what is it?
	What does it do?
	Well, Polsax is like Uniswap, which is an on-chain exchange.
	It just has lower fees.
	And there is an address which could, if it wants to or not, do coin burning.
	But since you can't have expectation of profit from the work of others due to U.S.
	security laws, you can't have any expectations of it.
	Maybe just watch it and see what it does.
	Right.
	So it's like Uniswap.
	It's an on-chain exchange.
	No counterparty risk, no middlemen.
	Swap one thing for another thing.
	And then on Pulse Chain is a fork of Ethereum.
	It just gets rid of the environmental waste.
	It doesn't do proof of work.
	It doesn't have to blow up the environment.
	It doesn't have to pay for environmental waste.
	It has less negative externalities, better price performance.
	It doesn't inflate to pay for the waste.
	It only has deflation.
	It has coin burning built into the protocol.
	Burns 25% of the fees.
	Has, you know, faster, better, all that stuff.
	You can use the testnet right now, play around with it.
	And then, yeah, so our fork of Ethereum is called PulseChain, PulseChain.com, and our fork of Uniswap is called PulseX.
	And then, you know, HEX, you're going to have your stakes on two chains now.
	So if you have HEX now, you're going to have it on the Ethereum chain, you're going to have it on the PulseChain.
	If you have HEX stakes, you're going to have them on both.
	And so it's, The kill shot here is that we incentivize people to bridge in their ERC-20s from the Ethereum network into Pulse and pair them with their free PRC-20 copies that they got for free.
	And that acts as a liquidity pair.
	And then as people trade either side of it, they make fees and they also make an incentive reward token on top of that.
	And so when people back up the value of all the stuff they got for free, That's what makes it all work.
	Because if you just make a copy of a thing, and there's no liquidity, and there's no price bonding, and the prices don't move up and down at the same time, you don't have a derivative play on all the value of Ethereum.
	So whether a project's like our system or not, you can speculate on the value of mainnet Ethereum things on this side for much cheaper.
	Because look, right now, people today were paying $200, $300 to do a Uniswap trade per trade.
	It's unreasonable.
	They're paying $20 to $40 to send an ERC-20.
	It's unreasonable.
	It's not supposed to cost more to send an Ethereum transaction than a bank wire.
	That's the opposite of why we're here.
	We're here for increased efficiency, not decreased efficiency.
	We're here for lower fees, not higher fees.
	I hope that Paul's Chain can reduce Ethereum fees, make it more useful, and make the world a better place.
	It's just so many good things.
	Better for the environment.
	Free money.
	It's just awesome.
	Yeah, I've seen you talk about cash and how the destruction of cash as a medium of exchange is not good for freedom, not good for anybody.
	I mean, we can agree with that.
	Well, if privacy is a human right, how do you maintain privacy when you have to beg a company for permission to buy or sell things?
	Yeah.
	Doesn't make sense.
	And yet you can't have privacy without cash.
	And yet this is where the world is going, isn't it?
	Oh yeah, yep.
	Try and find an ATM.
	Good luck.
	Yeah.
	Less and less every year.
	Given that that is so, and given, I mean, given that the central banks are trying to introduce central bank digital currencies, which will I mean, turn us into slaves at some point.
	That's going to be good.
	It's going to be good for crypto though.
	Is it?
	Because if people, yeah, it's like letting your wife hang out with a bunch of supermodels.
	She's going to get banked.
	So if you, if you let your citizens hang out around crypto, they're going to want the mad gains, period.
	Oh, there's mad gains available?
	I can make 33 times my money in nine months.
	Cool.
	I'll take that please.
	You know, no brainer.
	Yeah.
	Is it still between, I mean I hear You know, as you can tell, I'm not the world's greatest expert on cryptos, but I know that there are factions, factions, which are fiercely pro XRP ripple.
	And they say that that is the future because that's what that's going to be incorporated into the, into the evil rulers plans.
	And then there were those who say that Bitcoin is the only thing adjudicated on this matter.
	Sure.
	How many banks use XRP?
	None.
	How many years has it been around?
	I think it's been around since 2013.
	So nine years.
	Zerobank sees it.
	They integrated with MoneyGram one time.
	XRP didn't go up.
	MoneyGram stock went up instead.
	Oops!
	You would have made more money having legacy stock instead of the XRP.
	Look, there's nothing wrong with XRP, except the false market.
	Oh, and by the way, something I said in 2017, which is as true then as it is now, companies that make their own software and their own server hardware and their own server hosting facilities and their own everything, their own programming languages, they're not buying your bags.
	They know how to fork open source software.
	They do it all day, every day for a living.
	They're not buying your bags.
	Facebook did not buy your bags.
	They went and made their own currency.
	Now they stopped working on it because the government said, bad company, bad company, but they didn't buy your bags.
	They didn't buy your XRP.
	They didn't buy your Bitcoin.
	So this idea that, you know, Amazon that forks software for a living or Facebook, which forks software for a living is going to buy your bags is very stupid.
	So.
	XRP ain't going to be the backing currency for anything.
	Never.
	Right.
	And Bitcoin?
	Do you want really slow transactions?
	Do you like waiting an hour for confirmation sometimes?
	Three hours sometimes?
	No?
	You don't like that?
	Do you like high transaction fees?
	Do you like paying in between $8 to $45?
	No?
	Do you like poor price performance?
	You're down holding it for a year?
	No?
	Oh, but oh, you know, it has reduced volatility.
	Oh, it dropped 65% in 14 days for COVID.
	Tell me more about reduced volatility, please.
	Garbage!
	It's trash.
	Oh, it's not even secure.
	Doesn't have a written spec, is spaghetti code, has had multiple inflation bugs where anyone could mint as many free coins as they want.
	It does not have a bug bounty program.
	It's trash.
	Doesn't have stable coins on it.
	Doesn't have NFTs on it.
	What can you do with it?
	Can't use it anywhere.
	It's garbage.
	But people are like, oh, oh, it's so good.
	And look, it's a better investment than gold.
	It's a better investment than the S&P 500, usually.
	But like when you have a very clear, from the COVID bottom, Bitcoin did a 17 or 18X, Ethereum did a 50 and Hex did multiple, multiple times that.
	So we do want to make more money or less money.
	You want to have more features or less features.
	Bitcoin is way better than gold.
	Ethereum is way better than Bitcoin.
	Axe is way better than Ethereum.
	Pulse Chain will be way better than Ethereum.
	You know, things get better with time.
	Don't be a screwdriver maximalist or Phillips, a flathead maximalist, Phillips head maximalist.
	Use the correct tool for the job.
	Bitcoin may have been a good tool five years ago.
	Right.
	You're not an early adopter now.
	You're at the end of the S adoption curve.
	You are the guy that gets to make little gains while everyone else got to make lots.
	Right.
	So we're not going to see- Everyone already heard of it.
	Okay.
	So we're not going to see highs higher than $60,000.
	Is that, is that the end of Bitcoin?
	Well, sure you will.
	Yeah, but you're just going to have less and less gain.
	You're going to have less exponential growth over time.
	Right.
	Because it's too heavy now.
	Oh, Bitcoin's worth a trillion dollars.
	Cool.
	Do you know how heavy it is to push up a trillion dollar thing?
	It's heavy.
	Elon Musk bought and no one noticed.
	That's how heavy it is.
	Elon Musk bought a billion and a half dollars worth of Bitcoin through Tesla and no one even noticed until it was over because it didn't barely move the price.
	And guess what?
	How many other guys want to chunk that much money on there?
	So that's not good.
	We want something that has less for sale so that when someone comes to buy a bunch of it, the price goes through the roof.
	Yes.
	So people are like, oh, you know, more liquidity.
	No, no.
	You want liquidity on the bid side.
	You do not want liquidity on the ask side.
	How much liquidity is there for the Mona Lisa?
	Okay.
	Well, that seems to be a good formula.
	You know, people forget supply and demand for some reason.
	Um, this is a question for my, on behalf of my wife, who is worried about, about, about the fact that I've got a chunk of money in cryptos.
	And I say to her, well, look, um, fiat currencies could go tits up at any moment.
	So it's good to have a crypto, a portion of one's, um, investments or whatever.
	You know, my favorite, my favorite response to that stuff is.
	Let's say you were the biggest naysayer in the world and you thought crypto was trash.
	The worst garbage ever.
	You hated it.
	Fine.
	You could have bought HEX on January 5th of 2021.
	2020, rather.
	Sold it on a double, sold it on a double, sold it on a double, sold it on a double, sold it on a double, sold it on a double, sold it on a double, sold it on a double, sold it on a double, sold it on a double, sold it on a double, sold it on a double.
	13 of them.
	And then been playing with house money.
	So this idea that Ethereum went up 50x in a year and a half.
	Bitcoin went up 18x in a year and a half.
	If you're so worried, peel a little off.
	Now you're playing with house money.
	I don't understand this.
	Oh, it's the world's best appreciating asset.
	I'm so scared.
	It's the best appreciating asset class in the history of mankind.
	Why are you so scared?
	Look at the chart.
	Yeah.
	Look at the chart.
	It's very obvious that this is the best thing in the world.
	What do you want?
	And not only is the best chart in the world, but it has the best Sharpe ratio too.
	Like your ratio of upside to volatility is also the best.
	Right.
	Like by every possible metric, cryptocurrency is the best.
	Unless you're stupid and buy fake coins and they go to zero.
	Then for you, it's not the best.
	Right.
	But luckily most people aren't that stupid.
	More than I wish, but not most.
	Okay.
	So, so far I've gathered that really I shouldn't be hanging around in, in Bitcoin waiting for the, for the next rise.
	I should be getting out and moving into something else, which is likely.
	Hey.
	I'm not a financial advisor, but I called the top on the day, a couple cycles.
	I called the bounce today.
	I called a 10 to 12% bounce cap.
	And just like I said, you do you man, but I wouldn't advise anyone to buy Bitcoin.
	I'd rather go on your advice than on the funny little voice in my head, which hasn't a clue.
	So that's good.
	I've probably outperformed you as a speculator.
	That's probably fair to say.
	You're very, again, the idea of trading, aren't you?
	You're very much a sort of buyer.
	You lose all your money.
	You will lose all your money.
	And why is that?
	Well, it's a zero-sum game with a middleman.
	So this guy thinks the price is going to go up.
	This guy thinks price is going to go down.
	Middle guy is like, haha, let me get these two idiots to try and take their money from each other.
	Oh, look, they're fighting each other.
	Oh, look, they're betting against each other.
	And the middle guy is like, thank you.
	Thank you.
	Bid-ask spread.
	Thank you.
	Fees.
	Thank you.
	Liquidations.
	Yes.
	Give me some more.
	Oh, you know what?
	How do I multiply the house advantage against you?
	I'll give you leverage.
	I'll let you trade more money than you have.
	Now I make money even faster.
	Now you're going to get wrecked even quicker.
	Oh, look.
	Oh, they're all dead.
	So, huge website, eToro.
	Ads everywhere.
	Top of the website, 67% of people lose money with us.
	Yeah.
	People still do it.
	You're like, hey guys, guess what?
	You sign up here, you're going to lose your money.
	It says it right there.
	Why are you doing it?
	Why do you keep doing it?
	Oh, because you think the odds don't apply to you.
	You think you're better.
	Okay.
	They do apply to you.
	You're not better than anybody.
	So it's like, the only people that get rich in crypto are founders and buying holders.
	If you had been able, imagine there was a product that would have forced you to hold from Bitcoin at $1 to Bitcoin at $69,000.
	I invented such a thing that monetizes the time value of money.
	And while you're holding, getting rich, you could have been getting more the whole time.
	You could be getting yield the entire time.
	Bitcoin doesn't offer that.
	Hex does.
	But instead, people think they're smart selling on a 2X, 4X, 8X, 16X, 32X.
	Hex already did 10,000X in 623 days before staking.
	With staking, it multiplies that.
	So it'd have been up, you know, 2 million percent instead of 1 million percent, based on how long you staked.
	This is not fair.
	I like, I've missed out on HEX.
	I mean, is HEX still got anywhere to go?
	Did you though?
	Well, hold on a second.
	It was just 56 cents, like three months ago.
	And now it's 22 cents.
	So HEX is nice in that it dips.
	Oh, good.
	So it has done 60, 70 percent dips, like seven or eight times in the two years that it's existed.
	So we're doing the same things other cryptos have done on a faster frequency.
	So if you go to lookintohex.com, you can see charts of Bitcoin from inception, Ethereum from inception, and Hex from inception.
	Yeah.
	And we're doing the same things that they did, but just faster.
	I mean, what do you think, by the way, what do you think the average stake length in Hex is in years?
	Average stake length?
	Six years.
	Six years.
	The average stake length in HEX is six years.
	What do you think happens to something that people buy and they don't sell?
	It's very obvious.
	It goes up.
	Very obvious.
	Yeah.
	And how many 15-year stakes do you have to have in order to get an average of six years?
	Because 15 years is our max.
	A lot.
	And what do you think people do when they sell their Bitcoin?
	They say evil, terrible things about it.
	What do you think they do when they have a 15-year HEX stake?
	They're in for 15 years, baby.
	We don't have defection.
	Our rate of defection is very low.
	Our rate of basically cult-like behavior is very high.
	It's a lot of hex tattoos.
	I saw a hex tattoo with my name on it.
	Someone put my name on the chest.
	Big one.
	I've seen you name it.
	I got this as a gift.
	3,000 stones, diamond, platinum, rose gold, emeralds or sapphires.
	We're killing it.
	We can't kill any harder.
	Price went up a million percent.
	Three-letter dictionary.com domain name.
	Best founder.
	Hey, where's Satoshi?
	When Bitcoin.org was hacked a few months ago, I did an emergency livestream to warn people.
	Did Satoshi?
	No.
	I'm still here.
	Killing it.
	Where's Satoshi?
	Right?
	So we've got a better brand name, better value proposition, more features, better founder, better community.
	We can't win any harder.
	100% uptime.
	Bitcoin doesn't have 100% uptime.
	So we can't win any harder.
	That's it.
	The only thing left is fiat on-ramps, getting the fees lower with Pulse Chain to help reduce the fees, and maybe build a wallet.
	But we don't need one.
	Metamask works good enough.
	We almost have the full vertical stack.
	We have value storage with X. We have consensus network with Pulse Chain.
	We have trading with Pulse X. Only two things left are fiat on ramps and wallet, and we're done.
	We have full, total and complete vertical integration.
	Which is funny because you're doing it while being decentralized.
	So if I die and go to hex.com goes offline, hex.com goes offline, it doesn't matter.
	Everything still works fine.
	Because we have multiple front ends, multiple different people built on their own.
	They own the code, they run the repository, they do their own hosting.
	There's no central point of failure in anything that we do.
	And when you mint your rewards, you mint your own rewards, just like a Bitcoin miner does.
	You don't have to ask someone for your gains.
	Hey, can I please have my profits?
	No, you mint your own rewards.
	It's awesome.
	Can't win any harder, man.
	Look, even though I would say about 65% of what you say has gone right over my head because I'm not really... it does sound a good proposition.
	You get it.
	Yeah.
	You'll get it.
	Just go hang out in the chats or read the website.
	There's some good pages on hex.com if you click around.
	Right.
	You know, hex.com slash tech specs, hex.com slash scam.
	Both of those have a lot of questions you might have answered already.
	We've been doing this for years and we keep getting the same questions.
	We just wrote the answers down and now they're there.
	And you're 22 cents at the moment and you were, what was your peak?
	56.
	56.
	Okay.
	56 point, I think it was 55.6.
	That's good.
	Where are you on fiat currencies?
	I mean, are they all going to collapse?
	They're going to all go to zero over time.
	Whether they collapse or not is another issue.
	I mean, is the currency that they use in Venezuela, I think it might be called the Bolivar, is that collapsed?
	Yeah.
	So like, yeah, they only go one direction.
	Fiat currencies only go one direction, down in value.
	That's it.
	Over time.
	You'll have blips where they become more valuable, stock market crashes, something like that.
	But if they raise interest rates, the currency becomes more valuable for a little bit.
	But then they reduce them again and it's back to helicopter money and money printing and going to zero again.
	I mean, you don't have to understand, understanding legacy and understanding finance is not as useful as just getting into crypto.
	So idiots make more money than smart people.
	You would have made more money buying Dogecoin than any asset on the S&P 500 nearly.
	So we have this thing where people are so smart that they just can't seem to press the buy button.
	They're so smart.
	I mean, for 20 years, you couldn't convince people to buy the dip in the S&P 500.
	It seems like a giant Ponzi scheme.
	And then you just Google a video.
	You're like, buy the, and I won't curse, F and dip.
	And then you just Google that and it shows you a video that's like, yeah, they're just going to buy every asset forever.
	And they're just going to print money like there's no thing.
	And the video is totally right.
	And anyone that watched the little cartoon video would be wildly rich just by getting along anything nearly.
	And people are just too smart to take the obvious answer.
	We're betting against the dollar and look at the S&P 500 chart versus the dollar.
	That's it.
	They sell index funds.
	You're murdering the kill.
	Then crypto kills them harder.
	And the rise in cryptos is essentially a function of the fact that fiat currencies have been printing money at an exponential rate.
	Is that the reason?
	Nah, it helps.
	The macro environment helps, but it doesn't matter that much.
	I mean, you had the tulip bubble.
	The tulip bubble happened without governments printing fiat currency, I think.
	So bubbles happen on their own.
	Yeah, I'm saying bubbles happen on their own whether the government prints a lot of money or not.
	You're still going to get bubble-like speculative behavior whether the government prints money or not.
	The difference between those bubbles and crypto bubbles are we keep making new all-time highs and our all-time lows, our local lows, our annual lows keep getting higher and higher.
	So you had an all-time low at two, and then we went up to $1,300, and then you had an all-time low at $266, and then we went up to $20,000, and then you had an all-time low at $3,000, and then you went up to $69,000, and now I think we'll go to $11,000, and then we'll go to $150,000, and then, so, like, did the tulip bubble ever come back?
	Did the Beanie Babies bubble ever come back?
	No.
	I'm still hoping.
	So this is...
	You got a lot of beanie babies sitting around.
	Yeah, I've got so many.
	So the issue is like, nice, good to cuddle with.
	You can make like a ball pit out of them.
	Yeah, nice little labels on their ear.
	So like, if you just bought the dip in anything that had product market fit, you're golden.
	And like, look, if you want to sit through your bear market and just watch your stuff become near worthless and then wait for it to get back up, go ahead.
	No, Richard, I'm listening to you.
	You've described yourself as the crypto God.
	And I'm not going to just sit here and languish because it's you're right.
	It's really, really boring watching sitting out a bear market.
	It is.
	It sucks because you feel bad every day.
	You do.
	You do.
	That's absolutely it.
	It affects your mood.
	Totally.
	Yeah.
	And that's the thing people don't get is like, we are human creatures.
	Yeah.
	We have feelings and we prefer to be winning.
	Yeah.
	Yeah.
	So, I mean, I just posted a chart today.
	I went to the hex chart and I rewound it to the very beginning and then I press the right arrow and the chart was like tick by tick and you start going reverse for you guys at home.
	And just constant orgasm forever.
	And you're like, yeah, this is the best chart I've ever seen in my life.
	A million percent in two years.
	What's that the chart for?
	The HEX price chart.
	Okay.
	And we have a better chart than that.
	We have the share price chart that's even better than that.
	Okay.
	So I'm going to buy HEX.
	It feels good to beat everyone.
	Yeah.
	I want to be Richard Hart.
	I want to be junior.
	You're going to have HEX on two chains.
	Okay.
	You're going to have HEX on two chains soon.
	You're going to have HEX on the Pulse chain.
	You're going to have HEX on the Ethereum chain.
	I like Hex.
	I think it's great.
	Well, obviously you do, but I mean, it does sound good.
	Do you have any... what do you spend your money on?
	See, this feels weird to me because no one ever says that.
	What?
	No one in any interview is like, yeah, this actually makes sense.
	I'm just going to buy some Hex.
	No one ever does that.
	Everyone wants to just check nuts and be combative.
	I swear to God.
	People just want to argue.
	Every interview I have is just arguing.
	They see all these watches and they're like, I got to argue with this guy.
	But you, you seem to be smarter.
	So that's pretty awesome.
	I swear to God, dude.
	People can't take good advice when you hand it to them.
	You're like, okay, I guess, I guess we'll see.
	When do you want to check in on who was right?
	You know, let's, let's hit that remind me bot on Twitter.
	It's hilarious to me.
	No, no, I'm- Because how many people called the top?
	Nobody.
	I did.
	I'm persuaded that you definitely know more than I do.
	And I would like a piece- Well, just go check the facts, right?
	Go to RichardHart.com and look, I have timestamps for all those things.
	And you can go verify it.
	Yeah.
	Yeah.
	Apart from cryptos, Are there any other sort of assets that you buy that you think of?
	I mean, presumably you've got land and stuff like that.
	I don't mess with that stuff, man.
	Look, crypto outperforms everything so hard that there's no reason to even look at the other stuff.
	Fair enough.
	Get crypto right and you could just do everything else wrong and it doesn't matter.
	I mean, the problem with real estate is like, where are you going to go that they're going to let you have your rights?
	Well, there is that.
	Where's that?
	I don't know.
	There is the counter argument there, Richard, which I sometimes hear people say.
	They say, while you are engaged in this kind of imaginary world of cryptos, the secret rulers of the universe are busy buying up farmland because they know shit that we don't.
	Yeah, but it's dumb.
	So, okay.
	Bill Gates has owned gigantic amounts of foreign land for decades.
	Cool.
	Does he live there?
	No.
	Is it high yielding?
	Not really.
	Okay, but he owns it.
	Okay.
	And if the crap hit the fan, his land would all get squatted on, and then whoever was squatting on it would really own it, because they would get to actually use it.
	Yeah.
	And so this concept of ownership is like, So you own five houses.
	Okay, now who really gets to use the house?
	Your cleaners.
	The cleaning people get to use the house.
	You just get to use one house at a time.
	You're out there breaking your balls trying to make more money while the people that actually get to enjoy our stuff are the people that are making almost nothing.
	So, you know, this concept of ownership is like tenuous.
	You rent a house, you get to use the house.
	The guy that owns it doesn't get to use the house.
	We'll explain that.
	So apparently owning it ain't that good.
	So it's like, there's some things that you can't have that relationship.
	There's some things you really do need to own, but there's a lot of things you do not.
	And if you were in a world where insane million percent returns weren't available to you, then I would be promoting you a lot of different things, covered calls and S&P 500 indexes and all types of different stuff.
	But I don't need to do any of that because we found the best thing in the world and I created the best thing in the world and you don't need to get those other things right, really.
	Don't get them wrong, but you don't have to.
	When do you get to 10X your money in property?
	Never, you'll be dead.
	When do you get to 10X your money in the stock market?
	Never, you'll be dead.
	Unless you're a seed investor and most of your things fail.
	And then you make up for the failures with one hopefully big hit.
	Well, there's no way you can outperform crypto.
	It's not possible.
	Right.
	It is not possible.
	You cannot outperform crypto.
	You can't.
	People that start companies in crypto usually do not outperform crypto.
	They usually wish they didn't start the company, even though it's in the space.
	It would have made them better off just buying the coins.
	It's weird because I've got books.
	You could go to t.me.com and read my books on how to do business the right way, but it doesn't pay as well as actually just doing crypto.
	Can I ask, apart from- When I say crypto, look, you can lose a lot of money.
	Crypto's that I've invented.
	Yeah.
	Well, I was going to ask you, apart from- If you buy the wrong one, you lose everything.
	The ones that you invented, do you- Yeah, you can buy the wrong one and lose everything.
	Okay.
	Are there any ones that you didn't invent that you would, you think are good?
	Well, Ethereum is better than Bitcoin.
	Bitcoin's better than the S&P 500.
	Monero has privacy.
	You know, Ethereum has privacy if you use tornado.cash.
	I can't really think of any other ones that you would need to use.
	You have privacy, you have high liquidity, you have smart contracts, and that's it.
	What else do you care about?
	I mean, you want to launch NFTs, Ethereum's there.
	And look, PulseChain.com is Ethereum, but Faster, less and less pollution.
	It's mostly the same code, right?
	We're copying their code and changing the consensus rules.
	Okay.
	Um, Richard, I would like to talk to you for another three hours, but unfortunately I've got to go and cook supper because otherwise I get bollocked by my wife because I haven't done it for like three days.
	Um, but really, thank you.
	Thank you for your advice.
	I hope you've saved my ass.
	I mean, you may have done well.
	Do your own research, bro.
	That's the thing.
	It's like you doing your own research is nearly useless because you're not an expert, right?
	So this concept of telling people to do their own research to like shirk responsibility, it's a little bit silly because really your research probably isn't worth much.
	Yeah, quite.
	So I just don't want to get on the hook for if somehow a solar flare hits and then you look at me like I destroyed your family or something.
	How would the solar flare?
	You are totally responsible.
	How would the solar flare affect the Hex price?
	Well, I mean, it would kill the internet.
	So then we'd have to use alternate means of communicating.
	Actually, that is a good point.
	What if?
	Then you could just use radio.
	You can use radio to transmit transactions.
	There's alternate ways to communicate data that aren't the internet.
	So you can do blockchain over non-internet methods.
	You just have to spool up the infrastructure to do it.
	The world would have a lot bigger problems than blockchain being down.
	Well, I don't know.
	I mean, because there are there are sort of stories about imminent cyber attacks and, you know, the internet going down and all sorts of shit like that.
	Good.
	What would happen to crypto in that period?
	I mean, say the internet went off for a long time, would that... Let me put it this way.
	It drops 85% every once in a while anyway, but if that happened, maybe it could drop an extra 15%, but it would get back up.
	So the volatility is in the game anyway.
	Solar flares or not.
	Government intervention or not.
	You're going to get that 85% dip anyway.
	Actually, since Hex has had a price, Since Texas had a real market, it hasn't actually ever had it.
	Did it?
	I think it might've had one 86% dip once, maybe.
	Right.
	Like for big payday, because everyone was getting a 30% extra coin payout that day.
	So in reality, most of that, much of that dip was canceled out by the extra coin stakers received just for being staked a single day.
	But I think on the chart, we might've had one 86% dip since we had a real market.
	Look it up, actually.
	Okay.
	You got to go anyway.
	Tell everyone where to find you, man, because we never really talk much about what you do.
	Oh, yeah.
	Well, exactly.
	I always forget to do this bit, Richard.
	I do it last minute.
	I won't let you.
	But I'm on, I'm on Patreon and on Subscribestar.
	And I have a website called... As what?
	What is your link?
	Give me the link.
	Patreon stroke James Delingpole.
	I mean... Okay.
	We need an actionable call to action from you, sir.
	I'm going to improve your business process here.
	Call to action.
	You got to tell them what you want them to do.
	Yeah, yeah.
	Subscribe to my Patreon and my Subscribestar, which is Patreon and James Delingpole, Subscribestar, James Delingpole.
	And also you can give me cryptos via my delingpoleworld.com.
	And yeah, my podcast is really good.
	Nice man.
	Good stuff.
	Yes.
	I love what you just did.
	I love it.
	It's very good.
	For you guys that are watching, so do you produce, so what we just did, does this go out on your channel somewhere?
	Does it end up on your podcast?
	So it goes out on Spotify and on Apple Podcasts and Rumble and Odyssey.
	Then I'll show my thing.
	Yeah, so here's my stuff.
	The world's largest free airdrop.
	If you have any coins on Ethereum or Ethereum itself, you're getting a copy of all that on a superior network, PulseChain.com.
	PulseX.com is a premier exchange on that.
	There's a sacrifice regarding it.
	Basically, all the supply of it is given for free to people that sacrifice to support freedom of movement and freedom of assembly.
	Right now there's over 888 million on just the ETH chain, about 40 million on the BSC chain that's been sacrificed so far, and that rate gets 5% worse every day.
	So you get 5% less for your sacrifice, and it only runs for another, I don't know, 45 days maybe.
	And then, so go to pulsex.com.
	It's the most actionable, useful, time-sensitive thing I can tell you.
	RichardHart.com.
	If you want to see my videos, that'll be a better person.
	If you want to read my free books, t.me slash SciVive, S-C-I-V-I-V-E.
	RichardHartWin on Twitter, RichardHartOfficial on Instagram, and RichardHart on YouTube.
	I'm the giving tree.
	I give away free everything, free books, free chat rooms, free price calls, free cryptocurrencies.
	And I'm also rumored to be a billionaire, if you're into that kind of thing.
	Well, that's the thing, Richard.
	Yeah.
	It was great talking to you, man.
	It was.
	And I was going to say to you, I feel I've only, I've just started to get to know you in the sort of the course of the podcast.
	So will you do another one sometime where we can talk about other stuff besides cryptos and get to know each other better?
	For sure.
	That sounds good, man.
	Thanks, James.
	Good.
	Thanks a lot.
	I'm going to go cook supper.
	Ciao, man.
	Bye-bye.
	All right.
	Bye.

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