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Dec. 21, 2023 - Freedomain Radio - Stefan Molyneux
33:51
5339 BITCOIN UPDATE!

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Bitcoin and crypto.
This AM wanted to get you some facts and data.
This is stuff that was supposed to go into the show last night, but I remember Jared bit me when I tried to.
I tried really hard to get this data in.
He just wouldn't let me.
He just wouldn't let me.
So of course, Bitcoin is up.
And according to the lore, that's the only time I ever talk about it.
Bitcoin is up.
And the question is why?
Now, I will tell you why I think it's up.
None of this is any kind of financial advice.
Make your own decisions.
Do your own research.
Don't do anything based upon what I say.
This is all background amateur talking head nonsense.
So, just wanted to point that out.
Okay.
Hit me with a why if you've ever worked with boomers and technology.
Yes.
Hit me with a why if you've ever worked with boomers and technology.
It is...
It is a challenge.
It is a huge challenge.
There's a certain amount of existential despair that happens when you're working with certain people in technology where what happens is you just, you realize you're doomed.
Right, of course I wrote software for many years and I installed software and I was for quite a while the front line of tech support for the software that I'd written and oh man, you know, can you open Explorer?
What's that?
No harm to the boomers, no foul to the boomers, that's totally understandable and you don't learn what you don't have to when you, you know, it's not like I know the tax code or whatever it is directly for myself, you just rely on expert software to do that for you.
So I thank you very much for your support, that's super kind.
The reason why I think the price is going up is that there's a huge amount of latent demand that's going to be kicking in.
You know, there seems to be, in terms of the online betting, it's like 98% that the Bitcoin ETFs are going to be approved.
Now, the ETFs allow for people to invest in Bitcoin without owning it, without owning it directly, without having to keep their keys, without having to figure out
I don't know.
That is facing more people than Bitcoin, right?
Because you have really technical stuff like Linux or whatever, or some certain aspects of Linux, but that's for a small crew, a small crowd.
There's other stuff that's really technical, that's specialized and internal and so on.
As far as highly technical and facing the largest population, that's Bitcoin.
That's Bitcoin.
You could say sort of cell phones, TCP, IP, HTTP, and so on, internet protocols.
Yes, to some degree, but they weren't technical to the end user.
And I suppose maybe the earliest thing was just back in the days of cassette drives and floppy drives, you had to have backups of everything because everything
Had the capability of being lost.
I remember wrestling with a 386SX25 notebook way back in the day because it only had a 20 meg hard drive.
Was it 20 or 60?
Anyway, meg, not gig, meg.
And I just desperately needed more space for my writing and I had to wrestle with, they used to be in DOS, this compression technology that would compress your hard drive and I just remember booting it up and you could just see a big blob of data without any decompression of it.
That was quite an exciting couple of days to get that all back.
So this is the most it's it's the highest stakes most technical
Widest facing technology, I think, that's ever been around.
Because the highest stakes, you know, if people are going to pour their life savings or significant amounts of money into Bitcoin, the terror that the average person has when it comes to losing their coins is not to be underestimated.
You know, that the urban myths, the urban legends have really gone all around the world.
You know, the guy who tossed his computer out and then had to try and wrestle with the local council to get access to his
Bitcoin's the guy who had like 20 guesses for his password.
It was a German guy, I think, and had huge amounts of money that was just sitting there that you couldn't access, right?
It's, the terror can only be likened to maybe in some sort of dictatorship where the government can just empty your bank account based upon whatever displeasure that they have.
So this idea that you could just lose everything if something, if you fat finger something, if something messes up.
Now again, there's lots of ways that you can back this stuff up, there's lots of ways, but
The stories are kind of legion of people losing stuff, and that has been a huge barrier to entry, right?
I mean, well, okay, hit me, this pretty technical crew here, hit me with a why, if this has ever been something that has been a concern for you, right?
That you might lose.
That you might lose.
Yeah, there are too many A's on the screen from back in the day where a computer booted to A colon and they had leaned on the enter key.
Yes, that's right.
Or, of course, push any key to continue and people are like, well, where's the any key?
I can see enter, I can see shift, I can't see any, right?
So, oh, you were helping one today to save a PDF to his desktop.
Oh, yeah.
I just saved the file.
Where is it?
Oh, no.
Where do I even begin?
Old age and tech is on a whole new level.
I told her to close the window on the screen.
She went and closed the nearest house window.
Well, and of course, there is also the stories of I don't know what keeps happening to my floppy drives.
I mean, I use a magnet to hold them to the filing cabinet and next thing you know, they don't work, right?
Yes, I'm not technical.
It is my biggest barrier to self custody.
Yes, people are very concerned about phishing scams.
They're very concerned.
Just, obviously, they have these concerns, which we can understand.
I mean, it's people's life savings, and it's whether they have to work or not in their old age, and it's everything they want to leave to their kids.
And they just have real concerns about putting... And again, people have lost coins.
People have lost coins.
What is it, like, 20% of coins are, like, apparently gone?
I mean, who knows for sure, but there is boating accidents and so on, right?
So, somebody says, yes, I fell for a scam with my cold storage wallet as well.
I lost a not insignificant chunk of cash.
Right.
Right.
Right.
Now, again, we can say, ah, yes, but there's inflation and tax increases and so on.
So, I get all of that.
I get all of that.
But these are just genuine, legitimate concerns that people have.
With the ETF, then you're paying a broker to invest in Bitcoin on your behalf, and you don't have to worry about custody.
Now, you can of course say, ah yes, but what if the brokerage gets hacked and so on?
But here's the problem.
If you lose your coins, you kick yourself.
If your broker loses your coins, you head to the courthouse, right?
So it's a little bit, you can't sue yourself for losing your coins, right?
If you lose some coins.
So the fact that ETF solves the technical problem for people and people just have to give money or just need to make a phone call to their broker or their broker is going to make a phone call to them and says, finally, we can invest in Bitcoin without any of the technicals impacting you.
Don't underestimate.
You know, most of what I did as a programmer was to hide the complexity from the user.
It's just a button that says, check my compliance with the regulations, that kind of stuff.
You just want to hide all of that complexity from the end user.
And people don't really understand how Bitcoin works.
They've heard a lot of mainstream normie fear-mongering and so on, you know, the usual terrorists and exploitation and so on, right?
The fact that the ETF is going to solve that, and it looks, I mean, who knows for sure, but it looks quite likely that it's going to be approved.
And then there's going to be this avalanche of calls, right?
People who are selling these ETFs, they don't put on this amount of effort into wending their way through the SEC process.
And then they, in order to just wait for phone calls from boomers about investing in Bitcoin, and not just boomers, of course, right?
There's lots of people who aren't boomers who have trouble with this technology.
So, when the ETF is approved, there's going to be an avalanche of phone calls like, Bitcoin is the best performing asset in human history and we can finally invest in it for you without any... complete transparency to the technology.
I mean, I remember one of the first times I tried the internet, it was like infinite DOS.
It was like...
Asky!
It was you typed in characters, you know, and then when I first saw an internet browser, it was a friend of mine who was studying his PhD at the University out west in Canada.
He showed me the internet, the HTML click, and I'm like, well, this is going to change the entire planet, like forever and ever.
Amen.
So think of Bitcoin as going from
Like an infinite kind of DOS, a DOS where you have to key command everywhere, an internet where you have to key command everywhere to go things, to go places into a point-and-click hyperlink and all of that.
You're hiding the complexity from the end user and that is going to be the case with Bitcoin as well.
So I think there's going to be quite a bit of
Interesting stuff that goes on that way.
So I just wanted to mention that.
If you have any comments or questions, I'm certainly happy to answer them to the best of my obviously limited ability, but that I think is pretty important.
So there's a couple of other things I think that are important.
This is from Anthony Pompliano, who's well worth following in my IMHO.
Look at that.
That turned out to be super efficient.
Over the last few weeks, the Bitcoin network crossed a major milestone with 50 million addresses with a balance more than zero.
50 million addresses.
This perpetual rise is one way to measure Bitcoin's accelerative growth as an emerging digital monetary network.
This week, Bitcoin transaction fees surged to their highest single-day trading, a reading of all time to $23.6 million.
And the US has led the way for Bitcoin and Ethereum in cumulative returns.
So by geographical region, the US has led the way, the EU is falling behind.
Pompliano writes, it is very compelling to see so much activity in adoption happening weeks before a potential spot Bitcoin ETF and months before the Bitcoin halving.
These underlying metrics point to an increase in demand in a variety of ways which should only be amplified by the two events on the horizon, right?
The ETFs and the
Bitcoin halving.
So at a time when demand is going to go up, of course supply is going to diminish and all kinds of good stuff like that.
So wanted to mention that, wanted to be real clear on that.
I think this is going to be kind of a shorty show.
I have massive amounts of totally free domain radio related things to do, but I wanted to mention that.
So Grok, the query, give me the biggest news about Bitcoin today.
And Groky Grok says, the biggest news about Bitcoin today is the potential for a Bitcoin spot ETF.
Michael Saylor, who's sailing away, executive chairman of MicroStrategy.
What was it Alice Cooper said about Microsoft?
Why not macro hard?
Microsoft.
Has stated that this could be the most significant development on Wall Street in the last 30 years.
The launch of a Bitcoin spot ETF would allow investors to gain exposure to Bitcoin without having to hold the cryptocurrency directly, making it more accessible to a wider range of investors.
This new investment tool could trigger a significant demand shock for Bitcoin, potentially driving its price even higher.
There have also been reports of a secret meeting between BlackRock, Nasdaq, and the SEC to discuss the Bitcoin ETF, which could further impact the crypto landscape, right?
And not to be overly cynical, because this of course would never happen among the sage and wise and beautiful and wonderful, talented and attractive members of any congressional or political body whatsoever, but I would imagine that there's kind of a conflict between
The people who want to ban it because their supporters are from the financial industry, traditional financial industry, and those who want to get in a tiny bit early because, you know, politicians are just fantastic investors.
It really is amazing how they can become decamillionaires on a $200,000 salary.
Just incredible.
I mean, I don't know why they do politics when they're that good at investing.
It's just pretty wild.
What is the best wallet to use?
Please don't ask people about that.
You don't know who's answering.
You don't know who they work for.
You're just going to have to... I would suggest do your own research.
Do your own research.
What do you think of the future threat of quantum computing and breaking the cryptography of Bitcoin?
Does its decentralized model negate this effect?
Well, we'll have lots of warning of that ahead of time.
So let's do worst case scenario.
So the worst case scenario
is that quantum computing could break the cryptography of Bitcoin, well then you'll just increase the complexity of the cryptography and everybody will, in order to protect their assets, everybody will take the new standards.
So yeah, best wallet to use, best exchange to trade on.
You know, there were lots of celebrities who were shilling for SFX and... was it SFX or FTX?
I can't remember.
Anyway, and they're kind of in a bit of trouble now.
You never know how objective anyone is who's going to recommend anything.
So do your own research.
And even though this is a nice crew, I wouldn't take anybody
I wouldn't take anybody's say-so over the internet about where you should put your resources.
Do your own research, and so on.
Passive reading is not a bad way to do it, because passive reading isn't someone trying to sell you something.
FTX, yeah, thank you.
Alright, so, yes.
That is a very big deal that's coming along.
And it's funny because, you know, Michael Saylor is considered somewhat insane, but it's hard to argue with his numbers.
Pretty hard.
And also El Salvador, which invested in Bitcoin, that made some money, but it said they're not going to sell.
So, the other thing too, hit me with a why if you've ever been on the receiving end of somebody desperately trying to sell you something in terms of stock, bonds, or investment.
You ever have that phone call where the guy's like, hey man, I don't mean to interrupt you, but we've got this stock, it's about to 10x, it's about to hit the roof, and we just want to get you in on the ground floor, it's just about to pop, like literally, as we're calling, the number's going up, you gotta do it now, just give me a commitment, I guarantee you, blah blah, whatever it is, right?
These guys are all trained to skirt the edges of the law and what they can promise.
But have you ever been on the receiving end of those sweaty-voiced people who are just trying to offload stuff on you?
You could see this at the beginning of the movie Wall Street.
Because I was in business and I was published as a business guy in various places, I would get these
I would get these calls.
Let's see.
Quantum computing is going to be anticipated for crypto.
Open source for the win here.
The Unix timestamp stored in 32 bits has an end date of 2038 and we're already in the 64-bit regime in most places.
Yeah, so of course.
No, I get all of that.
Then why are you telling me?
There is that skepticism of, well, if you have a sure thing, then why on earth would you tell people, right?
You'd hold it for yourself and buy it all yourself.
I get all of that, but that's not how most people think.
Most people, the greed center is activated, right?
The greed center is activated.
There's going to be hundreds of thousands of calls and emails and millions of calls and emails and everything.
That's going to go out and it's going to be expertly crafted.
There's going to be the fear, uncertainty, doubt.
There's going to be the fear of missing out.
There's going to be, you know, this is the most, this is the highest performing asset in human history.
It's proved itself over the past 15 years.
We've never seen anything like it.
We couldn't get into it before because we had to have legal approval, right?
Because the first question is, well, why are you telling me now, if you're such a genius on Bitcoin, why are you still working for an investment company?
And why didn't you tell me about this five years ago, 10 years ago, or 15 years ago?
So they have to have an answer for that.
They'll say, well, we couldn't offer you this because the SEC hadn't approved.
And they won't really know what that means.
But they will know that the government has approved of things.
And there's a lot of people out there who still believe that a government hasn't approved of something.
It's high risk.
So government approves of fiat.
And that's very, very much high risk.
So there's just going to be, if you've not, and again I've done cold calls for, not for investments, but I've done cold calls for surveys.
I've been on the receiving end of these things if you've ever spent time around financial services.
I worked for a financial services company
I did programming for a trading desk.
I sort of uniquely, I wouldn't say qualified, but I'm uniquely positioned to know I was the Director of Marketing for a pretty significant outfit for a couple of years, so I know how all of this stuff works.
Everybody's got their fingers ready on the button, the speed dials of the major whales.
You're going to have email campaigns, you're going to have voicemail campaigns, you're going to have text campaigns.
That is just, you know, the gates have opened, you can finally invest in Bitcoin, the highest performing asset in all of human history, and suddenly they're going to turn from, they're going to start informing people about inflation, right?
They're going to start telling, and again, I don't know what's going to happen, this is just what I would do if, you know, I was sort of immoral in this way, and I don't think it's immoral to get people onto Bitcoin, I think it's great, but I do think that sometimes it's a little questionable about what's said and what's not said.
But there's going to be just a massive
A massive flood of FUD regarding fiat.
They're going to start talking about the national debts, they're going to start talking about the unfunded liabilities, they're going to start to talk about the weaknesses in social security, and they're going to start massively radically informing people of basic Austrian economic stuff we've been talking about here for close to two decades.
They're going to infect people with massive FUD, and not all of it illegitimate or unwarranted in my humble opinion.
And they're going to say, they're going to open up this portal to security and happiness and joy.
And they're just going to, there's going to be a massive, and of course, they're going to, and they're also going to be timed.
They're going to say, the floodgates have opened, billions of dollars are pouring into Bitcoin.
They'll educate people about the halving, that the supply is going, massive supply is entering the sphere, and the, I'm sorry, massive demand is entering the sphere, the demand is going to go down, and it's just going to be this wall-to-wall massive campaign.
And it may be invisible to you, but it won't be invisible to other people.
So...
I'm sorry, I'm just getting some... Your dad was on the receiving end of one of those with coins.
Yeah, listen, the amygdala, the greed center can easily get activated and you can kind of lose your reason.
So yeah, just be aware that most of us who got into Bitcoin are kind of passive about it.
We didn't get into it because a broker called us or something like that.
But there's going to be a huge shock when the reality of where the financial system is is going to finally be revealed to people and the way out is going to be Bitcoin and the price is going to start rocketing up and people are going to say, you know, it just went up X percentage in three days.
You've got to get in now.
It's going to the moon and there's just going to be, right?
So in my humble opinion, I don't know, obviously, but I mean, this is what I've seen happen a whole bunch of times before.
This is what I've been on the receiving end and the story with
See, when somebody sells you a stock, they say it's because they're trying to sell you a stock that they say is going up.
All they're talking about is that stock.
Right?
But when you're trying to sell Bitcoin, you're going to talk about fiat going down.
Right?
The purchasing power of fiat going down.
And they're not going to take the official inflation numbers they're going to use, you know, other ways, shadow stats, or other ways of calculating.
So they're not going to just say Bitcoin's going to go up.
They're going to say, you know, the value of your fiat's going to be halved in seven years, or whatever numbers they're going to use.
So it's got a twofer, right?
And the most effective persuasion is a twofer.
It's the carrot and the stick.
So if they're trying to sell you a stock, all they can do is say, this stock's going up.
Right?
And then you've already got your stock portfolio, whatever, your savings, which you consider fairly secure, so all they have is a carrot.
They don't have a stick.
When they have a carrot and a stick...
That's a different matter, right?
That's a different matter.
So, they have just about the most compelling carrot and a stick in history, should they choose to use it.
I mean, again, I'm not saying that I would do that, but if I were that kind of person, that's, I mean, you would have the ultimate carrot and the stick.
This is going to the moon, and everything you have is going late Roman Empire style.
That's going to be about as big a thing as possible.
It's what happens when everybody accepts the ship is going down and there's still some room on the lifeboats.
It gets all kind of boom.
Right?
So let's get back to a couple other things before we resume our regularly scheduled day.
So the launch of a Bitcoin Smart ETF would allow investors to gain exposure to Bitcoin without having to hold the cryptocurrency directly, making it more accessible to a wider range of investors.
This new investment tool could trigger a significant demand shock for Bitcoin, potentially driving its price even higher.
So it's all about that sort of stuff.
Secret meetings, yeah, all kinds of fun stuff going on.
Mike Alfred says the only reason Bitcoin is not already trading at $60,000 or $80,000, I assume that's US, now is because there's a 1.3% chance that the spot ETF is not approved in January.
Once this slight doubt is extinguished on approval day, Bitcoin will absolutely rip higher.
The kid analysts and traders who say this is a sell the news event have no idea how the institutional investment business works.
So you know investors, there's buy the rumor, sell the news, right?
So when the rumor is the stock's gonna go up, then you buy it and then you sell it when the news is confirmed because everybody who's more cautious is buying it then.
He's saying that doesn't apply and I think for the reasons that I've talked about could be.
Hashtags has released a commercial promoting their Bitcoin ETF offerings and so that's already starting, that's already cooking and all of that.
Bitcoin Ordinals.
I'll just touch on this briefly.
I'm mixed about it, but Bitcoin Ordinals are a numbering scheme that ascribes a number to each Satoshi on the Bitcoin network.
Bitcoin Ordinals are a recent innovation that allows for the permanent and immutable inscription of data on the Bitcoin blockchain.
This data can include unique pieces of information such as text, images, or videos.
The Ordinals protocol was launched in January 2023 and enables users to explore, transfer, and receive individual satoshis, which are the smallest units of a Bitcoin.
These inscribed satoshis, also known as SATs, can be considered as non-fungible tokens, NFTs, on the Bitcoin network.
The Ordinal's protocol assigns a unique serial number to each Satoshi, making it possible to track the ownership and history of these inscribed units.
This new use case for Bitcoin expands its capabilities beyond simple value transfers and introduces the concept of NFTs to the Bitcoin ecosystem.
In summary, Bitcoin ordinals are a way to inscribe unique data on individual Satoshis within the Bitcoin blockchain, allowing for the creation of NFTs on the Bitcoin network.
Now this goes way back to my first presentation, I think it was 2013, on the truth about Bitcoin when I was talking about how Bitcoin could be used to track ownership, contracts, wills, like you could have a programmable Bitcoin environment where
Your bitcoins, you have a program that searches for your obituary in a particular location, and then when that is, you transfer it to some new, like your kids or something like that.
So, and people said that was the original idea.
It's kind of gone by the wayside.
But NFTs, I know that they're kind of out of, out of favor at the moment, the sort of bored ape stuff has kind of come and gone.
And so I get all of that.
But the idea that you can
Put on text images or videos PDFs and so on and ascribe ownership and track that ownership is Very interesting now is there a possibility that you know people upload 15 meg 15 gig videos to to the blockchain that seems unlikely I don't know what how that's going to be limited.
I'm sure that will be something about that so I think that's
We're good to go.
I don't know, how vague can I be?
This has some non-trivial possibilities.
It's totally vague, but I think you kind of get where I'm going with this.
It's just, it's a new case.
It may take off, it may not, right?
The controversy surrounding Ordinals, this is from Grok, primarily stems from the debate over the use of the Bitcoin blockchain for purposes other than the simple peer-to-peer financial transactions.
Ordinals, a protocol that enables the creation of Bitcoin NFTs, has sparked discussion about whether the new functionality is beneficial or detrimental to the Bitcoin
Network, one side of the argument, claims that ordinals create more demand for block space, which could lead to increased transaction fees and slower transaction times.
This could potentially make the Bitcoin network less efficient for its original purpose.
On the other hand, proponents of ordinals argue that the increased demand for block space could be a positive development for the long-term sustainability of the network.
As block rewards decrease over time, transaction fees will become the primary incentive for miners to secure the blockchain.
Ordinal's supporter, so you know you get paid for solving these algorithms and you get paid for processing the blockchain, right?
Ordinal's supporters believe that the protocol could help maintain the security of the Bitcoin network by increasing the value of block space.
Additionally, the introduction of Ordinal has sparked debates about the proper use of the Bitcoin network.
Some users believe that the network should remain focused on its original purpose as a decentralized peer-to-peer currency, while others see the potential for innovation and new use cases such as NFTs and other digital assets.
In conclusion, the controversy surrounding Ordinal revolves around the question of whether this new functionality is beneficial or harmful to the Bitcoin network.
As the debate continues, it remains to be seen how ordinals will ultimately impact the future of the Bitcoin ecosystem.
So, what I think is interesting is that a value-to-value transaction is not just bitcoins if, let's say, there's a deed to a property, right?
The deed to a platinum mine, as the Madonna or the old song Santa Baby goes,
So the deed to a platinum mine, if it's on the blockchain and you control that, then you transfer it to someone.
It's a way of transferring ownership that represents non-Bitcoin assets.
Now again, I'm way on the edge of my
I'm way on the edge of my technical knowledge or expertise, so this is all subject to revision or being exposed as complete nonsense, but you can view it as NFTs as a digital asset, but a digital asset, NFTs only represent themselves, a digital asset like a deed or some sort of ownership or maybe even affidavits or things like that, maybe whatever it is.
So a deed that represents a non-physical asset, as far as I understand it, can now be
Encrypted, inscribed, and owned on the Bitcoin network.
So if this turns out to be ownership deeds, I think of ownership deeds for cars, I think of ownership deeds for houses, or maybe even at some point shares and so on.
So if there's a way to create these digital assets and trade them, and it's not just Bitcoins, but represent physical assets in the world, or even I guess digital assets in the world, but not self-contained like NFTs.
Sorry, I know this is getting a bit labyrinthine, but I think that there's some very interesting
There's a very interesting potential for Bitcoin to, as you know, and I've talked about this way back in the day, that there was some very interesting thing, right?
So.
BTC is not the real Bitcoin.
I've heard this before.
BSV is the real Bitcoin.
So you can, of course, do your own research regarding all of that.
All right.
So just doing a quick check on questions.
You know, the other thing to remember is that as the...
Size of the blockchain increases, and maybe even the stuff that's embedded in the blockchain increases.
Remember, we're also dealing with much faster networks, right?
Much faster networks.
You think of this, I mean, I, of course, have a sort of unique viewpoint about all of this stuff.
So back in the day, I wrote a database for a major corporation that had multinational locations, and it was completely impossible for people to access that database live.
We're good.
All of this merge, like merge the database overnight, because you've got, you know, 16 hours where people aren't using the database.
And again, it's a rolling thing.
So you'd have to do North America first, then you'd have to do Eurasia, then you'd have to do Australia and Europe, right?
So I wrote all this code to merge all these database changes, because they couldn't access it live.
It was wild.
It was wild.
Bitcoin cash is kind of fast.
Well, again, there's the question of volume, right?
So all cryptos, this is back to Dogecoin and Elon Musk's tweet, like, wow, Dogecoin is really fast.
It's like, well, but if you compare the value stored in the transfers, and the infrastructure for new cryptos are always fast, because, you know, build a new highway and a highway with no one on it.
So you build a new highway, it's kind of fast until it's not right.
Like, you can't solve traffic problems, because every new highway you build that cuts down traffic time, people just build their houses further away, because they want to be out, right?
So, listen, and if you're evangelizing for your particular coin, you know, more power to you.
I mean, yeah, go for it.
You should totally do that.
But saying the advantage is a new coin, or a coin that's less trafficked is faster, to me is kind of missing the point.
All right, any other last questions, comments or tips?
Do you find this kind of stuff helpful, useful, interesting, valuable?
Let me just make sure that I, did I get everywhere?
Yes, I did need to get everywhere.
So yeah, keep an eye on the Ordinals thing.
And I would in very, very short order, you know, it might, it might be worth signing up to some place where you're going to get investment updates, like a total normie place, a total old school finance thing, right?
So an old-school finance place, you might be worth signing up so you can get a sense of what kind of stuff they're sending out to people.
I think that's really, really important.
What kind of stuff are they sending out to people that's going to trigger all kinds of wild demand for it?
So you get a sense of what other people are seeing.
Because if you're only in the crypto world and you're not necessarily seeing the kind of stuff that's going out to the non-crypto world,
That stuff is really important to track.
So you might want to sign up for something like that and track what's going out.
And then imagine that you're somebody who doesn't understand the technology, who's heard all of these scare stories.
And they're not just scare stories.
Again, bitcoins have been lost, lots of them.
So imagine that you're somebody who can finally invest in something that is, again, the best performing asset in all of human history, but without the risk of self-custody and all of that, and trying to figure all that stuff out.
And, you know, it's pretty nerve-wracking for people.
And so on so all right Thank you everyone so much for dropping by today Just a little quick quickie little quickie update if you're listening to this and find value in what it is that I'm talking about I Was not reading my 401k newsletters.
I usually just nuke them.
Yeah.
Yeah, please do please please check those out, right?
But yeah, if you find this helpful, freedomain.com slash donate.
I would really appreciate your help and support in these challenging times.
You can of course tip here as I close off the show.
You can tip here.
I feel like I'm turning my iPad towards you, which happens everywhere and for all time these days.
Hey, I just finished paving your road, and the iPad turns towards you.
I'm waiting for hookers to do that too.
Not that I would know anything about that, but you know, theoretically.
Alright, so thanks everyone so much for dropping by.
freedomain.locals.com to join this great community.
You can use the promo code, all caps, UPB.
2022 to get a free month, and if you sign up for a year, you get two months free.
I mean, that's a pretty good deal.
It's a very good deal, and the amount of value that's up there is truly staggering for people.
You got StephBot AI, you got my 12-plus hours on the French Revolution, you got a 22-part History of Philosophers series, which is some of the best stuff I've ever done, and you get the book, audiobook in progress, Reading of Peaceful Parenting, my new book that is, again, some of the best stuff I've ever done.
So I hope that you will
Check that out.
And lots of love from up here.
Take care, everyone.
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