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we're here because we don't buy into the

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[\h__\h] of mainstream culture we're

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tired of the mundane passionless careers

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we've been shuffled into as a result of

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this orchestrated debt based system of

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rule and the stranglehold on education

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entertainment by cold soulless

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corporations people yes we are

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frustrated yes we are tired and we

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reject the pre-approved tranquilizers

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that are monday night football and a

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nice cold Budweiser we have to stop

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hiding stop hiding behind the headphones

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in the cherry popper 420 username let

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the world see that the resistance is

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strong in society is changing there was

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a time to be anonymous that time is past

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and so the higher side chats would like

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to present conspiracies as the dawn of

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this new paradigm in

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revolution because both Bastion mean

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more than some celebrity meat dress or

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Atlanta sleeping fellow conspirators

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redefines bold fashion is having the

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balls to reject socially uncomfortable

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and unpopular truths from your radiant

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chest all bugging day it's beer t's dot

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net let him know that you though bolt

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designs for trouble times are truths

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his mother in tears racial brokenness

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how the hell are you higher side

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chatters it's another sunny San Diego

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day and i'm still a greg Carl would

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drinking little drink smoking little

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smoke people I know we're all feeling

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the pinch of the global elites

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stranglehold on the major aspects of our

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daily lives and I would say if they'd

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see more volatile now than they have in

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decades from bank runs and the collapse

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of currencies to the incremental

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advancement of control by force guilty

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until proven innocent and the correct

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out of any resistance to this game plan

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peaceful or otherwise it is tough to see

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a path to prosperity through the

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onslaught of darkness in the economic

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quicksand slowly creeping up the legs

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and the masses and here at THC we've

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talked about all encompassing solutions

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like the Venus Project and the

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resource-based economy model but what do

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we do if we can't change the world how

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can we use our knowledge and perspective

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to give ourselves something a little

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more beneficial than a stress-induced

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heart attack and a substance abuse

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problem well folks a lot of people these

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days are talking about the increase in

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popularity of the digital currency known

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as Bitcoin a decentralized currency

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beyond the graphs of the big banks and

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the Rothschild dynasty while there are

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no guarantees in life Bitcoin seems to

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be one of the few ways an average Joe

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could really become wealthy in this

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climate of collapse but nobody makes it

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big by being late to the party and doing

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the work to understand this complex

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system before the mainstream is what

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could catapult a subway sandwich artist

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to the level of the early adopters of

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the Internet boom this is an important

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episode maybe the most important episode

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of our lives and with that i'm here with

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a man who's already done a lot of that

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homework and is going to share with us

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his research and personal experience

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with bitcoin and that man is David

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Seaman he's a freelance journalist and

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has been a contributor and guest on

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shows and networks like CNN Fox News ABC

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and two of my personal favorites coast

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to coast am in the joe rogan experience

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he's also the author of a new e-book and

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he's the man behind the David Seaman

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hour

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David welcome to THC thanks for having

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me on of course man is my pleasure and i

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have to admit i know a lot less about

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your career and background than most of

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my guess which is because this interview

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was arranged when i asked the listeners

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through twitter who would be a good

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guest for the show on bitcoin and your

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name came up about a dozen times and you

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hit me up and said you'd do it and boom

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here we are so i try to do some research

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but couldn't find much about how you

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really got started and worked your way

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up to things like coast to coast and CNN

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so I mean tell me a bit about your story

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if you wouldn't mind yeah I always love

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to talk about myself uh sure so

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basically my first job out of college I

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went to school in New York and my first

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job that I was able to land was a

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reporter at a personal finance website

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and so I was covering financial topics

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and some political stuff also and after

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I left that job I actually launched a

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popular credit card deals comparison

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site where you can compare you know all

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the different offers from major banks

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yeah you know compare interest rates and

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the sign up bonus and all that stuff and

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from there I was just a tech

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entrepreneur for a while because I was

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busy growing bad and I really understood

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that the way that credit card companies

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were marketing their products of just

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you know sending people these offers in

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the mail is highly inefficient and just

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not really not really up to speed you

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know when you book airfare you just you

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go on a website you book it you don't

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wait for the airline to contact you and

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often you some special rate so from

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there in I guess when was this i guess

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around mid to late 2011 I had a really

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bad run-in with the TSA I was on a

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business trip and they pulled me aside

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and some fat sweaty guy started grabbing

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my balls to end it was just kind of a

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wake-up call for me I was like is this

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really where America has gotten to or

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nobody is safe you know they can just

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abuse their authority because this guy

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is wearing a blue shirt and has a badge

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on he can grab my private parts and you

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know take away my laptop and you start

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to lose your rights very quickly in a

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situation like that and I was like this

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is insane

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you know and so shortly after that I

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found out about something called the

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NDAA the National Defense Authorization

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Act Wesley passed every year and this

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particular year's bill included a

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section that would allow for the

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imprisonment without trial of American

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citizens and I was like this is absolute

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craziness you know there's no way this

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is real and I did the research and the

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ACLU would come out against it Amnesty

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International was worried about it but

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everybody was like don't worry Obama's

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going to veto this thing and so I wrote

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an article about it for one of the sites

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that I contributed to at the time a

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popular business publication and I wrote

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the article about it i did a YouTube

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video and I felt like my job was done I

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was like there's no way this is actually

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become wall you know and then on New

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Year's Eve it was signers law and that

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was kind of the second wake-up call for

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me so I guess the first one was gaving

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my testicles grabbed the second one was

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watching as the President signed into

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law something that allows him to

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imprison Americans without a trial on

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New Year's Eve when you're not supposed

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to be doing any official business you

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know cuz everybody's health party yeah

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yeah and I was like something deeply

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dishonest is going on here and even

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though it wasn't my background and

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certainly a pretty moderate gibe you

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know my guy who created a credit card

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deals website i'm not exactly an

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occupier and from there I was like

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there's some serious challenges in this

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country and i started covering the NDAA

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thing and you know a lot of more

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independent minded shows wanted to have

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me on to explain it and from there i

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just became interested in covering these

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civil liberties issues because they're

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just there's such a big deal you know

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and it's something that for some reason

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is not really breaking through to the

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mainstream to the extent that it should

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although recently the whole drone debate

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that actually broke through i became

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totally mainstream which i thought was

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really kind of exciting to see that

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because i had friends calling me saying

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oh dave this is the thing you've been

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talking about for the past year and I'm

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like yeah I mean at least now people are

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paying attention and so I'm just at this

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point I still do my tech entrepreneur

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stuff and I have a podcast now where I

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talk about stuff that interests me and I

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just whenever I come

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cross something that's important like

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NDAA are like Bitcoin I try to do

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whatever I can to shake the branches and

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to get people aware of what's going on

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of course man and you know you brought

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up n da one thing I think is really

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troubling about recent events is that

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you have the government pushing things

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like NDAA and domestic drone strikes and

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which I constantly see citizen

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resistance to when it's talked about

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broadly or hypothetically but I don't

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see as much resistance when the

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government is being ridiculously

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aggressive and hunting down people like

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the rogue LAPD cop a Dorner guy or these

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two guys involved with the Boston thing

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situations where these people could be

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scapegoats or Patsy's possibly but we

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won't ever know in the in the mainstream

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because there's just no trials or

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debates anymore you know it seems like

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people are really against it when it's

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just up on paper but then when you see

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the actual villain on television

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everyone's like Oh we'll get that guy or

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at least there's not as much resistance

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do you find that troubling i do but it's

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it's only human nature you know when

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something happens people are frightened

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by it and they want a rapid resolution

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and you know they people grew up under

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the assumption that what you see on TV

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has been vetted and has some you know

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accuracy to it and unfortunately we've

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come to realize that that's not really

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the case the people on TV telling us

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what's going on or in many cases are

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pundits with financial ties to defense

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contractor companies that make money off

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of this stuff they make money selling

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fear and some people don't really

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understand how does that work how do we

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make money by scaring people and the

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answer is they get defense contracts for

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various services for you know

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surveillance software and defense

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contractors the form of like pseudo

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military type type guys and their

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billions of dollars being made from this

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stuff by creating a demand for something

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that is not perhaps not really necessary

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and so it's I think at the end of the

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day it's about money and it's about

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manipulating people and you know the

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average person is so busy with work with

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paying their mortgage with taking care

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of their kids they don't really they

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don't go all that deep they don't think

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about the implications of chanting USA

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USA

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after some kind of crazy Orwellian

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manhunt goes down there you haven't seen

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a shred of evidence and to be sure

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whoever whoever did that bombing I don't

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know if I can curse on this show yes

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please do whoever whoever is responsible

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for that bombing is a total piece of

275
00:10:33,139 --> 00:10:30,329
[\h__\h] and deserves the worst that our

276
00:10:34,369 --> 00:10:33,149
justice system can serve up but we have

277
00:10:36,829 --> 00:10:34,379
to make sure that we get the right

278
00:10:38,929 --> 00:10:36,839
people and the government has been wrong

279
00:10:41,720 --> 00:10:38,939
about so many things over the past 10 or

280
00:10:43,759 --> 00:10:41,730
11 years that just pointing the finger

281
00:10:45,859 --> 00:10:43,769
at somebody and saying this is a really

282
00:10:47,389 --> 00:10:45,869
bad guy I no longer believe that you

283
00:10:48,829 --> 00:10:47,399
know I want to see proof that's our

284
00:10:51,139 --> 00:10:48,839
whole system is that we're innocent

285
00:10:54,559 --> 00:10:51,149
until proven guilty not guilty until

286
00:10:55,999 --> 00:10:54,569
proven innocent right it is [\h__\h] up

287
00:10:58,220 --> 00:10:56,009
the direction they're taking that but uh

288
00:11:00,259 --> 00:10:58,230
you know let's talk bitcoins man yeah

289
00:11:01,850 --> 00:11:00,269
this being a conspiracy show the

290
00:11:03,650 --> 00:11:01,860
audience is pretty well versed and

291
00:11:05,960 --> 00:11:03,660
fractional reserve banking the

292
00:11:07,519 --> 00:11:05,970
mechanisms of interest and inflation the

293
00:11:08,989 --> 00:11:07,529
realization that our currency is based

294
00:11:10,400 --> 00:11:08,999
on nothing and we're getting [\h__\h] by

295
00:11:12,889 --> 00:11:10,410
the Federal Reserve like the Pope's

296
00:11:15,679 --> 00:11:12,899
favorite orphan but having a pretty deep

297
00:11:17,269 --> 00:11:15,689
understanding of these things I think it

298
00:11:19,309 --> 00:11:17,279
gives us a leg up on understanding how

299
00:11:22,939 --> 00:11:19,319
bitcoin is different but tell us how is

300
00:11:26,389 --> 00:11:22,949
it different yeah sure so I mean first

301
00:11:29,509 --> 00:11:26,399
of all I used to think that the Federal

302
00:11:31,609 --> 00:11:29,519
Reserve people the people who ranted

303
00:11:35,179 --> 00:11:31,619
against the federal reserve where the

304
00:11:36,679 --> 00:11:35,189
craziest of the crazy but the more

305
00:11:38,419 --> 00:11:36,689
research that I did you know when you

306
00:11:41,419 --> 00:11:38,429
control the money supply and you can

307
00:11:43,579 --> 00:11:41,429
control how your citizens buy and sell

308
00:11:44,989 --> 00:11:43,589
things and how they are able to store

309
00:11:47,480 --> 00:11:44,999
their own wealth from their own

310
00:11:49,759 --> 00:11:47,490
hard-earned work when you have ultimate

311
00:11:51,739 --> 00:11:49,769
say over those things gives you a great

312
00:11:53,749 --> 00:11:51,749
degree of control over the population

313
00:11:56,449 --> 00:11:53,759
you can just arbitrarily decide to print

314
00:11:59,389 --> 00:11:56,459
more money and inflate your currency and

315
00:12:01,489 --> 00:11:59,399
basically wipe out the steward wealth of

316
00:12:03,169 --> 00:12:01,499
your citizens and take away their

317
00:12:06,470 --> 00:12:03,179
personal power and their personal

318
00:12:08,509 --> 00:12:06,480
sovereignty and so I think with

319
00:12:10,460 --> 00:12:08,519
something like Bitcoin there are things

320
00:12:12,829 --> 00:12:10,470
built into the system certain promises

321
00:12:14,720 --> 00:12:12,839
that cannot really be broken because

322
00:12:17,600 --> 00:12:14,730
it's right there in the software code

323
00:12:20,090 --> 00:12:17,610
and it's decentralized so nope no one

324
00:12:22,460 --> 00:12:20,100
company is responsible for Bitcoin it's

325
00:12:23,380 --> 00:12:22,470
a decentralized service across thousands

326
00:12:26,050 --> 00:12:23,390
of servers

327
00:12:27,610 --> 00:12:26,060
and it's semi anonymous in the sense

328
00:12:29,200 --> 00:12:27,620
that you can just create a new public

329
00:12:31,540 --> 00:12:29,210
address which is a string of numbers and

330
00:12:33,430 --> 00:12:31,550
letters use that to send money to

331
00:12:36,130 --> 00:12:33,440
another public address and then never

332
00:12:40,480 --> 00:12:36,140
use that address again you never throw

333
00:12:41,830 --> 00:12:40,490
away counts and so there a couple of

334
00:12:45,130 --> 00:12:41,840
promises of Bitcoin one of them is that

335
00:12:47,350 --> 00:12:45,140
there are around 11 million coins in

336
00:12:50,110 --> 00:12:47,360
existence right now and that number is

337
00:12:52,630 --> 00:12:50,120
increasing based on a mathematical

338
00:12:55,870 --> 00:12:52,640
formula people quote unquote mine

339
00:12:58,960 --> 00:12:55,880
bitcoins by having high speed computers

340
00:13:00,400 --> 00:12:58,970
do certain mathematical processes and in

341
00:13:02,320 --> 00:13:00,410
the same way that it's difficult to mine

342
00:13:05,380 --> 00:13:02,330
gold that it takes up time and money to

343
00:13:07,690 --> 00:13:05,390
do so it's difficult to mine bitcoins it

344
00:13:09,190 --> 00:13:07,700
takes up computing resources and time

345
00:13:10,750 --> 00:13:09,200
and money because it takes of money

346
00:13:13,810 --> 00:13:10,760
because you need a fast computer and

347
00:13:15,130 --> 00:13:13,820
their energy costs involved and so the

348
00:13:18,220 --> 00:13:15,140
idea there is to have something that is

349
00:13:20,170 --> 00:13:18,230
artificially restricted so the great

350
00:13:23,200 --> 00:13:20,180
thing about bitcoin is no Ben Bernanke

351
00:13:25,210 --> 00:13:23,210
type can come along and say we're going

352
00:13:26,920 --> 00:13:25,220
to go ahead and pump 100 million new

353
00:13:29,920 --> 00:13:26,930
bitcoins into circulation that's

354
00:13:32,200 --> 00:13:29,930
impossible it cannot happen so the

355
00:13:35,620 --> 00:13:32,210
absolute most bitcoins that will ever be

356
00:13:38,980 --> 00:13:35,630
on the planet is 21 million I think in

357
00:13:41,650 --> 00:13:38,990
the year 2140 or 2120 it'll be 21

358
00:13:43,240 --> 00:13:41,660
million coins and that's a pretty great

359
00:13:46,050 --> 00:13:43,250
assurance because you know that you're

360
00:13:47,950 --> 00:13:46,060
taking part in a currency or a

361
00:13:49,510 --> 00:13:47,960
transactional system whatever you want

362
00:13:51,130 --> 00:13:49,520
to call it you're taking part in a

363
00:13:55,450 --> 00:13:51,140
system that a is not controlled by

364
00:13:57,790 --> 00:13:55,460
anyone government or party B I cannot

365
00:14:00,310 --> 00:13:57,800
even if it wanted to inflate the

366
00:14:02,530 --> 00:14:00,320
currency and then they're all the

367
00:14:04,930 --> 00:14:02,540
technological I think their benefits but

368
00:14:06,760 --> 00:14:04,940
will that remains to be seen of just how

369
00:14:09,660 --> 00:14:06,770
fast you can send money to any other

370
00:14:11,980 --> 00:14:09,670
party and how cheap it is like to send

371
00:14:14,500 --> 00:14:11,990
the example that I give people in

372
00:14:16,180 --> 00:14:14,510
interviews is to send ten thousand

373
00:14:18,220 --> 00:14:16,190
dollars to a family member in another

374
00:14:20,530 --> 00:14:18,230
country let's say a family member in

375
00:14:23,010 --> 00:14:20,540
India or something Toa send them ten

376
00:14:25,990 --> 00:14:23,020
thousand bucks over paypal would cost

377
00:14:27,310 --> 00:14:26,000
the recipient a fee of around two

378
00:14:28,930 --> 00:14:27,320
hundred and ninety-nine dollars it would

379
00:14:34,750 --> 00:14:28,940
cost my family member two hundred ninety

380
00:14:36,639 --> 00:14:34,760
nine bucks and with with Bitcoin it

381
00:14:39,280 --> 00:14:36,649
would cost a current current more

382
00:14:42,189 --> 00:14:39,290
price for Bitcoin less than a nickel so

383
00:14:44,439 --> 00:14:42,199
I mean you're talking about also not

384
00:14:46,989 --> 00:14:44,449
needing a bank account and no chance of

385
00:14:48,819 --> 00:14:46,999
PayPal freezing the funds or messing it

386
00:14:50,499 --> 00:14:48,829
up somewhere along the way just that

387
00:14:52,720 --> 00:14:50,509
complete assurance that the transaction

388
00:14:56,679 --> 00:14:52,730
is going to be made and there's no such

389
00:14:58,239 --> 00:14:56,689
thing as chargeback fraud on Bitcoin at

390
00:15:00,579 --> 00:14:58,249
the same time I mean the downside that

391
00:15:02,530 --> 00:15:00,589
is nobody is there to hold your hand so

392
00:15:04,389 --> 00:15:02,540
if somebody installs some malware on

393
00:15:06,100 --> 00:15:04,399
your computer which can happen if you go

394
00:15:09,730 --> 00:15:06,110
to the wrong website and install some

395
00:15:11,889 --> 00:15:09,740
Java program it can search your hard

396
00:15:14,259 --> 00:15:11,899
drive look for your private keys which

397
00:15:16,059 --> 00:15:14,269
is what gives anybody access to your

398
00:15:18,249 --> 00:15:16,069
coins and they could just Jack your

399
00:15:20,439 --> 00:15:18,259
money and if that happens you have no

400
00:15:22,840 --> 00:15:20,449
recourse whatsoever but I mean on the

401
00:15:24,819 --> 00:15:22,850
flip side of that that lack of any

402
00:15:28,629 --> 00:15:24,829
central authority is what allows the

403
00:15:30,429 --> 00:15:28,639
fees to be so extremely well it makes

404
00:15:31,749 --> 00:15:30,439
sense i mean i would be a little worried

405
00:15:33,819 --> 00:15:31,759
because i don't know much about internet

406
00:15:35,559 --> 00:15:33,829
security but let's go back to the mining

407
00:15:37,869 --> 00:15:35,569
aspect it's kind of strange to me that

408
00:15:39,999 --> 00:15:37,879
you just get a mathematical algorithm

409
00:15:41,860 --> 00:15:40,009
and if my computer can pull a good will

410
00:15:44,410 --> 00:15:41,870
hunt and solve that should i get 50

411
00:15:45,579 --> 00:15:44,420
bitcoins I mean it doesn't seem to make

412
00:15:47,650 --> 00:15:45,589
a lot of sense because I don't see how

413
00:15:50,230 --> 00:15:47,660
giving a giant calculator a math problem

414
00:15:52,389 --> 00:15:50,240
is something that's difficult or going

415
00:15:54,460 --> 00:15:52,399
to create value isn't that the same as a

416
00:15:57,610 --> 00:15:54,470
money printer up until we reach that 21

417
00:16:00,040 --> 00:15:57,620
million cap it's really the same i think

418
00:16:03,129 --> 00:16:00,050
is as something like Google Google has a

419
00:16:05,110 --> 00:16:03,139
spider that is always searching the

420
00:16:07,629 --> 00:16:05,120
internet for new content so if you have

421
00:16:09,610 --> 00:16:07,639
a website it'll routinely visit your

422
00:16:11,739 --> 00:16:09,620
site and look for new articles a new new

423
00:16:14,470 --> 00:16:11,749
blog posts and then add that to its

424
00:16:18,069 --> 00:16:14,480
index and in the same way I think that

425
00:16:19,210 --> 00:16:18,079
what the mining does is takes an idea

426
00:16:21,069 --> 00:16:19,220
that's been around for thousands of

427
00:16:23,169 --> 00:16:21,079
years which is that something can only

428
00:16:26,379 --> 00:16:23,179
be a currency if it is somewhat scarce

429
00:16:28,179 --> 00:16:26,389
like you like gold all right I mean gold

430
00:16:30,309 --> 00:16:28,189
doesn't I know a lot of your listeners

431
00:16:32,679 --> 00:16:30,319
are going to disagree with this but gold

432
00:16:34,150 --> 00:16:32,689
doesn't have any fundamental value in

433
00:16:36,009 --> 00:16:34,160
the sense that it's just the metal there

434
00:16:37,809 --> 00:16:36,019
are many metals on earth and yeah it's

435
00:16:39,910 --> 00:16:37,819
great that it's an awesome conductor of

436
00:16:41,410 --> 00:16:39,920
electricity and that it doesn't rust

437
00:16:44,439 --> 00:16:41,420
like those are certainly really cool

438
00:16:46,720 --> 00:16:44,449
properties but at the end of the day

439
00:16:48,549 --> 00:16:46,730
what at the end of the day a gold is not

440
00:16:50,380 --> 00:16:48,559
truly scarce because we could lasso an

441
00:16:52,390 --> 00:16:50,390
asteroid that has a trillion

442
00:16:55,060 --> 00:16:52,400
dollars of gold on it right true true uh

443
00:16:57,730 --> 00:16:55,070
in the universe gold is not scarce and

444
00:17:00,160 --> 00:16:57,740
so one of the things that makes gold a

445
00:17:01,870 --> 00:17:00,170
really good currency is that we know

446
00:17:03,760 --> 00:17:01,880
there's only so much of it and we know

447
00:17:05,590 --> 00:17:03,770
that it's difficult to create new gold

448
00:17:08,110 --> 00:17:05,600
you know it's not easy to start up a

449
00:17:09,699 --> 00:17:08,120
gold mine and to pull it out of the

450
00:17:12,610 --> 00:17:09,709
earth cost you a certain amount of money

451
00:17:14,550 --> 00:17:12,620
and so people know that if I if I you

452
00:17:16,840 --> 00:17:14,560
know stack up gold coins for a while

453
00:17:18,760 --> 00:17:16,850
there's not going to be some situation

454
00:17:21,310 --> 00:17:18,770
where you know a hundred million ounces

455
00:17:24,790 --> 00:17:21,320
of gold just materializes and blows away

456
00:17:27,130 --> 00:17:24,800
the demand by rapidly increasing supply

457
00:17:29,070 --> 00:17:27,140
so whoever created Bitcoin I think was

458
00:17:31,750 --> 00:17:29,080
looking at that idea of scarcity and

459
00:17:34,420 --> 00:17:31,760
trying to apply it as best as he could

460
00:17:36,220 --> 00:17:34,430
to the digital age and I think the

461
00:17:38,800 --> 00:17:36,230
mining thing although it seems kind of

462
00:17:41,290 --> 00:17:38,810
silly certainly it's hard for me to wrap

463
00:17:42,760 --> 00:17:41,300
my head around I think we're really

464
00:17:45,550 --> 00:17:42,770
talking about is they created a model

465
00:17:47,080 --> 00:17:45,560
where scarcity is built in but where

466
00:17:49,120 --> 00:17:47,090
there isn't total scarcity like there

467
00:17:50,560 --> 00:17:49,130
are new points being created which i

468
00:17:51,880 --> 00:17:50,570
think is a good thing because you don't

469
00:17:54,160 --> 00:17:51,890
want to be in this situation where all

470
00:17:57,520 --> 00:17:54,170
the early adopters just toward their

471
00:17:59,170 --> 00:17:57,530
coins and there's no actual you know no

472
00:18:02,320 --> 00:17:59,180
flow of currency that wouldn't be a very

473
00:18:03,850 --> 00:18:02,330
good system right well up until I really

474
00:18:05,080 --> 00:18:03,860
started looking at this in preparation

475
00:18:07,990 --> 00:18:05,090
for the interview I had just thought

476
00:18:09,310 --> 00:18:08,000
that you would exchange dollars for

477
00:18:11,260 --> 00:18:09,320
bitcoins which of course I know you can

478
00:18:14,050 --> 00:18:11,270
do too and I would think man I wish I

479
00:18:16,960 --> 00:18:14,060
did that when it was five cents you know

480
00:18:18,730 --> 00:18:16,970
a Bitcoin was five cents but of course

481
00:18:21,010 --> 00:18:18,740
now it's gone up to a hundred dollars

482
00:18:23,290 --> 00:18:21,020
and more and beyond but the mining

483
00:18:24,910 --> 00:18:23,300
aspect seems like you know you could

484
00:18:26,080 --> 00:18:24,920
just get it doesn't matter what the

485
00:18:29,680 --> 00:18:26,090
exchange rate is because you can just

486
00:18:31,270 --> 00:18:29,690
kind of create it it's a little bit

487
00:18:32,620 --> 00:18:31,280
strange but I mean are you mining for

488
00:18:34,090 --> 00:18:32,630
them like can you explain the process

489
00:18:35,680 --> 00:18:34,100
what would someone do if they wanted to

490
00:18:37,750 --> 00:18:35,690
set up their computer because it seems

491
00:18:40,030 --> 00:18:37,760
now I guess it seems no risk really i

492
00:18:41,740 --> 00:18:40,040
mean what's what's the risk and

493
00:18:43,900 --> 00:18:41,750
downloading the program and having your

494
00:18:45,160 --> 00:18:43,910
computer mine bitcoins well i don't

495
00:18:48,010 --> 00:18:45,170
think the average computer is really

496
00:18:50,620 --> 00:18:48,020
good enough to to get you many coins so

497
00:18:53,170 --> 00:18:50,630
like there are companies that sell what

498
00:18:54,580 --> 00:18:53,180
they call mining rigs and a mining rig

499
00:18:56,740 --> 00:18:54,590
is like a really high speed server

500
00:18:59,320 --> 00:18:56,750
designed to handle this kind of

501
00:19:00,700 --> 00:18:59,330
mathematical process and so their

502
00:19:02,860 --> 00:19:00,710
companies selling this stuff and it

503
00:19:04,390 --> 00:19:02,870
seems to me a little bit scammy because

504
00:19:07,420 --> 00:19:04,400
it's kind of like the people

505
00:19:09,160 --> 00:19:07,430
trying to sell you uh what is like

506
00:19:11,560 --> 00:19:09,170
mining equipment during the California

507
00:19:13,030 --> 00:19:11,570
Gold Rush right like some of the gold

508
00:19:14,410 --> 00:19:13,040
miners will make a lot of money but they

509
00:19:16,240 --> 00:19:14,420
don't these companies selling you the

510
00:19:17,620 --> 00:19:16,250
equipment only want to make money off

511
00:19:21,640 --> 00:19:17,630
the miners they don't really care if you

512
00:19:23,020 --> 00:19:21,650
make money or not and so and yeah it's

513
00:19:25,570 --> 00:19:23,030
also true that if you were an early

514
00:19:27,580 --> 00:19:25,580
adopter of Bitcoin like I had one of the

515
00:19:31,630 --> 00:19:27,590
Bitcoin one of the big time Bitcoin

516
00:19:33,040 --> 00:19:31,640
investors on my podcast last year when

517
00:19:35,350 --> 00:19:33,050
it was it like twenty or thirty dollars

518
00:19:37,180 --> 00:19:35,360
a coin and he was talking about and I

519
00:19:39,520 --> 00:19:37,190
was like this is a really good idea but

520
00:19:41,830 --> 00:19:39,530
I never put any money into it and you

521
00:19:43,630 --> 00:19:41,840
know you can definitely like you can

522
00:19:45,040 --> 00:19:43,640
slap yourself across the face for not

523
00:19:47,230 --> 00:19:45,050
having realized that something is a good

524
00:19:49,800 --> 00:19:47,240
idea earlier but I think we're still in

525
00:19:52,150 --> 00:19:49,810
such the early stages because I actually

526
00:19:54,670 --> 00:19:52,160
after I wrote an article about Bitcoin I

527
00:19:56,380 --> 00:19:54,680
went to the mall and just asked

528
00:19:58,900 --> 00:19:56,390
different people in the mall people in

529
00:20:01,270 --> 00:19:58,910
the food court I asked a girl working at

530
00:20:03,100 --> 00:20:01,280
the teavana store as some people

531
00:20:05,620 --> 00:20:03,110
stacking shirts if they had heard of

532
00:20:08,140 --> 00:20:05,630
Bitcoin and no one had so clearly we're

533
00:20:09,250 --> 00:20:08,150
not at a point where it's saturated if

534
00:20:11,050 --> 00:20:09,260
you ask everybody have you heard of

535
00:20:13,330 --> 00:20:11,060
google or have you heard of PayPal

536
00:20:14,650 --> 00:20:13,340
they're like of course you know the

537
00:20:16,480 --> 00:20:14,660
bitcoin is something that is still on

538
00:20:17,980 --> 00:20:16,490
the edges and there are a couple of

539
00:20:20,350 --> 00:20:17,990
things that excite me about it aside

540
00:20:22,060 --> 00:20:20,360
from what we just talked about and what

541
00:20:24,430 --> 00:20:22,070
excites me is that the right kinds of

542
00:20:25,900 --> 00:20:24,440
people seems to be adopting it really

543
00:20:28,000 --> 00:20:25,910
tech savvy people the same kinds of

544
00:20:29,770 --> 00:20:28,010
people who are using google back when

545
00:20:33,120 --> 00:20:29,780
everybody else was using alta vista and

546
00:20:37,330 --> 00:20:33,130
xsite are now starting to use bitcoins

547
00:20:38,770 --> 00:20:37,340
to buy and sell things and so if you're

548
00:20:40,480 --> 00:20:38,780
interested in Bitcoin I would not even

549
00:20:42,310 --> 00:20:40,490
look at it as an investment because in

550
00:20:44,050 --> 00:20:42,320
the short term you could lose a lot of

551
00:20:46,300 --> 00:20:44,060
money like it fluctuate it fluctuates

552
00:20:48,700 --> 00:20:46,310
wildly but if you really believe in it

553
00:20:50,200 --> 00:20:48,710
as I'm starting to believe in it then

554
00:20:53,020 --> 00:20:50,210
you don't even care that much about the

555
00:20:55,360 --> 00:20:53,030
daily price because it's like to buy one

556
00:20:57,640 --> 00:20:55,370
percent of Visa and MasterCard back in

557
00:20:59,230 --> 00:20:57,650
the 60s what would that be worth would

558
00:21:00,760 --> 00:20:59,240
that be worth a thousand dollars would

559
00:21:02,620 --> 00:21:00,770
that be worth ten thousand dollars you

560
00:21:04,120 --> 00:21:02,630
know it's worth a lot of money if you

561
00:21:06,010 --> 00:21:04,130
end up being one of the early adopters

562
00:21:08,440 --> 00:21:06,020
of something that becomes a global

563
00:21:10,240 --> 00:21:08,450
transaction network and the flip side of

564
00:21:11,380 --> 00:21:10,250
that is it could be worthless in a

565
00:21:13,210 --> 00:21:11,390
couple of years something better if

566
00:21:16,150 --> 00:21:13,220
you'd come along in which case nobody

567
00:21:18,130 --> 00:21:16,160
will be using Bitcoin I mean that's true

568
00:21:19,870 --> 00:21:18,140
I you know I sometimes fantasy

569
00:21:21,400 --> 00:21:19,880
about traveling back in time and making

570
00:21:22,900 --> 00:21:21,410
the right investments you know are being

571
00:21:24,940 --> 00:21:22,910
one of the first people to start

572
00:21:27,220 --> 00:21:24,950
podcasting or learning web development

573
00:21:29,200 --> 00:21:27,230
or to create reddit or Facebook before

574
00:21:30,880 --> 00:21:29,210
was there you know and Bitcoin to me

575
00:21:33,370 --> 00:21:30,890
could be one of those things you know if

576
00:21:35,110 --> 00:21:33,380
you get in early enough but with all the

577
00:21:37,240 --> 00:21:35,120
attention it's getting and the huge

578
00:21:39,250 --> 00:21:37,250
increase in value I'm I am worried that

579
00:21:41,740 --> 00:21:39,260
someone getting into it now would be a

580
00:21:44,770 --> 00:21:41,750
little late to that party but what

581
00:21:45,970 --> 00:21:44,780
explain the steps in how one would would

582
00:21:47,800 --> 00:21:45,980
get going you know let's say I got a

583
00:21:50,530 --> 00:21:47,810
hundred bucks I want to get in on

584
00:21:52,630 --> 00:21:50,540
bitcoins mean I hear about this dark web

585
00:21:54,520 --> 00:21:52,640
and that it's like almost like a

586
00:21:57,040 --> 00:21:54,530
hacker's internet beneath the internet

587
00:21:59,680 --> 00:21:57,050
you know like the back alleys of the

588
00:22:01,240 --> 00:21:59,690
internet how do you get into the system

589
00:22:05,020 --> 00:22:01,250
like if I had some cash I wanted to

590
00:22:10,120 --> 00:22:05,030
exchange yeah Bitcoin first took off

591
00:22:14,020 --> 00:22:10,130
with some sort of shady shady uses it

592
00:22:15,940 --> 00:22:14,030
was used on a couple of websites or

593
00:22:19,780 --> 00:22:15,950
services where people buy and sell legal

594
00:22:21,250 --> 00:22:19,790
things and so Bitcoin to those to that

595
00:22:23,230 --> 00:22:21,260
market it made sense for them to use

596
00:22:26,130 --> 00:22:23,240
Bitcoin instead of using credit cards or

597
00:22:29,290 --> 00:22:26,140
paypal and it's kind of an unusual

598
00:22:30,970 --> 00:22:29,300
market to adopt currency but at the end

599
00:22:32,650 --> 00:22:30,980
of the day a currency you know the US

600
00:22:35,140 --> 00:22:32,660
dollar is used by all kinds of shady

601
00:22:36,450 --> 00:22:35,150
people I currency doesn't discriminate

602
00:22:40,960 --> 00:22:36,460
between ethical or unethical

603
00:22:42,540 --> 00:22:40,970
transactions and I don't know where I

604
00:22:44,860 --> 00:22:42,550
was going with this but I think that

605
00:22:46,540 --> 00:22:44,870
what was your question again about how

606
00:22:48,430 --> 00:22:46,550
you get into it right yeah if I had some

607
00:22:50,650 --> 00:22:48,440
cash I wanted to get into it yeah I

608
00:22:52,690 --> 00:22:50,660
think that the fact that Bitcoin has

609
00:22:55,060 --> 00:22:52,700
some seedy uses right now doesn't really

610
00:22:58,480 --> 00:22:55,070
mean anything in fact I believe that one

611
00:23:00,820 --> 00:22:58,490
of the first big markets to begin taking

612
00:23:04,570 --> 00:23:00,830
it will probably be porn sites porn

613
00:23:06,310 --> 00:23:04,580
sites and webcam companies and things

614
00:23:09,190 --> 00:23:06,320
like that actually one of the big dating

615
00:23:10,360 --> 00:23:09,200
sites okcupid just recently announced

616
00:23:14,260 --> 00:23:10,370
they're going to take Bitcoin as a

617
00:23:15,610 --> 00:23:14,270
fourth and if you have a little bit of

618
00:23:17,710 --> 00:23:15,620
money and you want to convert it into

619
00:23:19,960 --> 00:23:17,720
Bitcoin the best way to do that is to

620
00:23:22,240 --> 00:23:19,970
use a service that will do that for you

621
00:23:25,210 --> 00:23:22,250
there are services like the biggest

622
00:23:29,230 --> 00:23:25,220
exchange right now is Mount GOx which is

623
00:23:30,700 --> 00:23:29,240
mtgo XCOM and they've had some technical

624
00:23:32,409 --> 00:23:30,710
problems in the past but they're

625
00:23:34,869 --> 00:23:32,419
currently the biggest out there

626
00:23:37,389 --> 00:23:34,879
and in the next few months I have reason

627
00:23:39,129 --> 00:23:37,399
to believe that it seems seems pretty

628
00:23:41,529 --> 00:23:39,139
likely that new exchanges will be coming

629
00:23:44,619 --> 00:23:41,539
online to provide the service that mal

630
00:23:46,629 --> 00:23:44,629
Cox does but basically it's the same as

631
00:23:49,450 --> 00:23:46,639
you know similar to an etrade account

632
00:23:51,340 --> 00:23:49,460
you sign up for the account and you can

633
00:23:53,320 --> 00:23:51,350
put money in using your bank account or

634
00:23:56,259 --> 00:23:53,330
some other payment method and then you

635
00:24:00,009 --> 00:23:56,269
can buy Bitcoin at the existing market

636
00:24:02,409 --> 00:24:00,019
rate and do what you want with it that's

637
00:24:04,149 --> 00:24:02,419
cool I have a t-shirt brand called

638
00:24:07,119 --> 00:24:04,159
conspiracies which about with a bunch of

639
00:24:08,440 --> 00:24:07,129
anti-establishment designs and also you

640
00:24:10,060 --> 00:24:08,450
know I notice you started taking

641
00:24:11,320 --> 00:24:10,070
donations on your web I take donations

642
00:24:14,320 --> 00:24:11,330
too but you started taking them in

643
00:24:18,310 --> 00:24:14,330
Bitcoin how could someone set that up on

644
00:24:21,029 --> 00:24:18,320
their website okay yeah it's actually

645
00:24:23,499 --> 00:24:21,039
really easy so once you own some Bitcoin

646
00:24:25,389 --> 00:24:23,509
the hardest part of the whole Bitcoin

647
00:24:27,430 --> 00:24:25,399
ecosystem right now and what's really I

648
00:24:30,039 --> 00:24:27,440
think holding it back from greater

649
00:24:31,960 --> 00:24:30,049
adoption is the fact that the exchanges

650
00:24:35,409 --> 00:24:31,970
out there right now are not too numerous

651
00:24:36,940 --> 00:24:35,419
and they're not very good you know once

652
00:24:38,680 --> 00:24:36,950
it gets easier for people to convert

653
00:24:40,690 --> 00:24:38,690
their dollars or their euros into

654
00:24:42,999 --> 00:24:40,700
Bitcoin to do that easily and quickly

655
00:24:44,889 --> 00:24:43,009
then we'll see many more people use it i

656
00:24:48,039 --> 00:24:44,899
think but once you have your money in

657
00:24:50,200 --> 00:24:48,049
the form of Bitcoin i then you sign up

658
00:24:51,970 --> 00:24:50,210
for a wallet are you download i think

659
00:24:54,940 --> 00:24:51,980
the safest way actually is to download a

660
00:24:57,759 --> 00:24:54,950
wallet client the place to do that you

661
00:25:00,669 --> 00:24:57,769
go to bitcoin org which is the official

662
00:25:02,470 --> 00:25:00,679
bitcoin site bitcoin org shows you a

663
00:25:04,060 --> 00:25:02,480
couple of the clients that are trusted

664
00:25:05,590 --> 00:25:04,070
that you know we're not going to just

665
00:25:07,629 --> 00:25:05,600
you know jacket coins things that have

666
00:25:10,180 --> 00:25:07,639
been looked at and there are a few

667
00:25:14,259 --> 00:25:10,190
popular clients when I was multi-bit one

668
00:25:17,529 --> 00:25:14,269
of them is electrum and you transfer

669
00:25:19,479 --> 00:25:17,539
from your from your exchange account you

670
00:25:21,549 --> 00:25:19,489
transfer the coins into your wallet and

671
00:25:23,349 --> 00:25:21,559
your wallet will provide you with a

672
00:25:26,109 --> 00:25:23,359
receiving address which is the string of

673
00:25:28,060 --> 00:25:26,119
letters and numbers and you transfer the

674
00:25:29,619 --> 00:25:28,070
money into your wallet and then you from

675
00:25:32,109 --> 00:25:29,629
that wallet you can send money to any

676
00:25:34,690 --> 00:25:32,119
other address any other Bitcoin address

677
00:25:37,359 --> 00:25:34,700
and your wallet also has its own address

678
00:25:39,340 --> 00:25:37,369
so you just copy and paste that address

679
00:25:41,440 --> 00:25:39,350
that string of numbers and letters put

680
00:25:43,720 --> 00:25:41,450
on your website and say you know tip me

681
00:25:46,150 --> 00:25:43,730
via Bitcoin and then anybody who comes

682
00:25:47,770 --> 00:25:46,160
across that page and has a Bitcoin

683
00:25:49,420 --> 00:25:47,780
wallet and they want to tip you they

684
00:25:52,000 --> 00:25:49,430
would just copy and paste that string

685
00:25:53,650 --> 00:25:52,010
and put it into their wallet client and

686
00:25:55,660 --> 00:25:53,660
send you the desired amount of money and

687
00:25:56,920 --> 00:25:55,670
then it will be in your account you know

688
00:25:58,960 --> 00:25:56,930
within a matter of you'll be notified

689
00:26:01,540 --> 00:25:58,970
pretty much immediately and then the

690
00:26:05,560 --> 00:26:01,550
transaction takes an hour to to verify

691
00:26:08,500 --> 00:26:05,570
and settle okay so to get started as a

692
00:26:11,470 --> 00:26:08,510
as a user someone would get linked up

693
00:26:13,600 --> 00:26:11,480
with one of these exchanges but hasn't

694
00:26:16,660 --> 00:26:13,610
there been in the past week or so a

695
00:26:19,810 --> 00:26:16,670
couple of cases of these exchanges

696
00:26:22,480 --> 00:26:19,820
getting not like denial of service

697
00:26:25,000 --> 00:26:22,490
attacks and hacked into and having some

698
00:26:26,680 --> 00:26:25,010
of them gone under yeah not only have

699
00:26:28,450 --> 00:26:26,690
there been denial of service attacks one

700
00:26:31,390 --> 00:26:28,460
of the ones that I thought was actually

701
00:26:33,430 --> 00:26:31,400
the best I just closed up shop I think

702
00:26:35,860 --> 00:26:33,440
their bank account was seized or frozen

703
00:26:37,540 --> 00:26:35,870
or something yeah that's Henry that it

704
00:26:40,090 --> 00:26:37,550
is scary which is why when you buy them

705
00:26:41,740 --> 00:26:40,100
at the exchange some people so some

706
00:26:43,870 --> 00:26:41,750
people are only doing this to speculate

707
00:26:45,370 --> 00:26:43,880
and they keep their money in the

708
00:26:47,200 --> 00:26:45,380
exchange account they keep their Bitcoin

709
00:26:48,550 --> 00:26:47,210
there and their hope is that they're

710
00:26:50,410 --> 00:26:48,560
going to sell it back out into US

711
00:26:51,700 --> 00:26:50,420
dollars when the price goes up I think

712
00:26:54,010 --> 00:26:51,710
it's a really dangerous thing to do

713
00:26:55,240 --> 00:26:54,020
because first of all you shouldn't be

714
00:26:57,190 --> 00:26:55,250
speculating what's looking like this

715
00:27:00,220 --> 00:26:57,200
because you'll lose money and second of

716
00:27:02,440 --> 00:27:00,230
all the the exchange could just go under

717
00:27:04,420 --> 00:27:02,450
and it could also be attacked and people

718
00:27:06,850 --> 00:27:04,430
can steal your bitcoins that way if you

719
00:27:09,190 --> 00:27:06,860
think about it if your give your some

720
00:27:11,310 --> 00:27:09,200
hacker and you are really good at what

721
00:27:13,660 --> 00:27:11,320
you do and you have no moral scruples

722
00:27:14,920 --> 00:27:13,670
you would probably want to target in

723
00:27:17,230 --> 00:27:14,930
exchange because there are hundreds of

724
00:27:19,060 --> 00:27:17,240
millions of dollars of Bitcoin just

725
00:27:21,430 --> 00:27:19,070
sitting there in people's accounts so

726
00:27:23,230 --> 00:27:21,440
it's a really bad idea to keep your your

727
00:27:25,900 --> 00:27:23,240
Bitcoin on an exchange account for very

728
00:27:27,820 --> 00:27:25,910
long once your transaction is cleared

729
00:27:31,750 --> 00:27:27,830
and you own the Bitcoin send them off to

730
00:27:33,220 --> 00:27:31,760
your wallet public address and from

731
00:27:35,470 --> 00:27:33,230
there you actually have the coins on

732
00:27:37,390 --> 00:27:35,480
your computer and they can't be taken

733
00:27:39,910 --> 00:27:37,400
from you unless the only way they can be

734
00:27:42,130 --> 00:27:39,920
taken from you at that point is if your

735
00:27:44,140 --> 00:27:42,140
computer is compromised other than that

736
00:27:46,780 --> 00:27:44,150
they cannot be taken and there are even

737
00:27:48,970 --> 00:27:46,790
people who go pretty extreme and create

738
00:27:51,010 --> 00:27:48,980
what are called cold wallets and the

739
00:27:54,400 --> 00:27:51,020
cold wallet is when you transfer the

740
00:27:57,010 --> 00:27:54,410
private key to like a USB flash drive

741
00:27:58,990 --> 00:27:57,020
and then pull that flash drive out and

742
00:27:59,860 --> 00:27:59,000
make sure that it's never connected to

743
00:28:01,570 --> 00:27:59,870
the internet again

744
00:28:03,520 --> 00:28:01,580
right so then you'd have no exposure and

745
00:28:05,500 --> 00:28:03,530
it's impossible for anybody to steal

746
00:28:07,720 --> 00:28:05,510
your product key unless they're to come

747
00:28:10,990 --> 00:28:07,730
into your house and like steal the flash

748
00:28:14,200 --> 00:28:11,000
drive from you uh and i think the Winkle

749
00:28:15,430 --> 00:28:14,210
vibe the Winklevoss Winklevoss twins who

750
00:28:17,950 --> 00:28:15,440
were you know that movie the social

751
00:28:21,370 --> 00:28:17,960
network and this they claim they were

752
00:28:23,290 --> 00:28:21,380
like the creators of facebook they own I

753
00:28:25,390 --> 00:28:23,300
believe one percent of all Bitcoin out

754
00:28:27,730 --> 00:28:25,400
there and apparently the way that they

755
00:28:29,620 --> 00:28:27,740
are storing their bitcoin is by doing

756
00:28:31,480 --> 00:28:29,630
this cold wallet thing of putting it on

757
00:28:32,770 --> 00:28:31,490
a flash drive because I guess they own

758
00:28:36,630 --> 00:28:32,780
so much of it they don't want it to be

759
00:28:39,360 --> 00:28:36,640
stolen make sense yeah I mean I

760
00:28:42,430 --> 00:28:39,370
definitely think we are in a time of

761
00:28:43,840 --> 00:28:42,440
economic uncertainty I mean you know you

762
00:28:45,280 --> 00:28:43,850
can go over to Cyprus and tell the

763
00:28:46,750 --> 00:28:45,290
people not to use Bitcoin because it's

764
00:28:49,930 --> 00:28:46,760
not secure and they're going to laugh at

765
00:28:51,640 --> 00:28:49,940
you you know our banks are secure to a

766
00:28:53,110 --> 00:28:51,650
point you know they haven't always been

767
00:28:56,260 --> 00:28:53,120
you know it is what it is you had

768
00:28:59,049 --> 00:28:56,270
mentioned gold and I know that gold

769
00:29:00,730 --> 00:28:59,059
investing in gold and conspiracy kind of

770
00:29:03,100 --> 00:29:00,740
goes hand in hand and thanks to Alex

771
00:29:05,410 --> 00:29:03,110
Jones but i think this audience is a

772
00:29:08,919 --> 00:29:05,420
little bit beyond that i mean i myself

773
00:29:10,900 --> 00:29:08,929
kind of think gold is pretty saturated

774
00:29:14,290 --> 00:29:10,910
at least you know to someone like me

775
00:29:15,310 --> 00:29:14,300
who's just making an average wage you

776
00:29:17,020 --> 00:29:15,320
know i'm not going to be able to afford

777
00:29:19,660 --> 00:29:17,030
much gold and when when the [\h__\h] goes

778
00:29:21,910 --> 00:29:19,670
down who's going to exchange gold for

779
00:29:23,620 --> 00:29:21,920
food you know food is where we value is

780
00:29:25,030 --> 00:29:23,630
if there was really any kind of collapse

781
00:29:27,250 --> 00:29:25,040
no one's going to want this stupid

782
00:29:28,960 --> 00:29:27,260
yellow rock they can't do anything with

783
00:29:30,820 --> 00:29:28,970
it doesn't help you survive at least

784
00:29:32,680 --> 00:29:30,830
that's that's my view if things were to

785
00:29:34,030 --> 00:29:32,690
get really bad you can always go in that

786
00:29:36,610 --> 00:29:34,040
direction of things getting really bad

787
00:29:39,549 --> 00:29:36,620
like I've had people say to me what if

788
00:29:41,770 --> 00:29:39,559
there's a global EMP wave when did that

789
00:29:43,990 --> 00:29:41,780
wipe out your Bitcoin and I'm like if

790
00:29:46,120 --> 00:29:44,000
that happened losing your Bitcoin wallet

791
00:29:47,860 --> 00:29:46,130
be the least of your worries right right

792
00:29:50,110 --> 00:29:47,870
and so you can definitely go down that

793
00:29:51,850 --> 00:29:50,120
path of like a scenario or gold becomes

794
00:29:54,910 --> 00:29:51,860
worthless but i think under most

795
00:29:57,549 --> 00:29:54,920
circumstances gold remains a good option

796
00:29:59,470 --> 00:29:57,559
for people because even if the US dollar

797
00:30:02,020 --> 00:29:59,480
collapses even if the euro goes away

798
00:30:03,549 --> 00:30:02,030
whatever currency emerges maybe it's the

799
00:30:05,770 --> 00:30:03,559
chinese lon maybe it's something totally

800
00:30:07,450 --> 00:30:05,780
different we'll still you'll still be

801
00:30:09,790 --> 00:30:07,460
able to exchange your gold for a certain

802
00:30:11,140 --> 00:30:09,800
amount of that currency I Gold's been

803
00:30:13,750 --> 00:30:11,150
around for thousands of years i think

804
00:30:16,420 --> 00:30:13,760
our species you know we r prime

805
00:30:18,070 --> 00:30:16,430
I think we like shiny things and it

806
00:30:20,530 --> 00:30:18,080
might be like something it's heavy it

807
00:30:22,840 --> 00:30:20,540
doesn't rust you can it's really ductile

808
00:30:25,030 --> 00:30:22,850
its most of the most ductile metal on

809
00:30:26,500 --> 00:30:25,040
earth so it has these cool properties

810
00:30:29,500 --> 00:30:26,510
and it happens to be rare enough that

811
00:30:30,640 --> 00:30:29,510
people value it well let's say you know

812
00:30:32,560 --> 00:30:30,650
a lot of people out there living

813
00:30:35,140 --> 00:30:32,570
paycheck to paycheck if you wanted to

814
00:30:36,310 --> 00:30:35,150
make a serious investment I mean you

815
00:30:38,080 --> 00:30:36,320
wouldn't call it an investment it'd be a

816
00:30:40,750 --> 00:30:38,090
gamble with bitcoins but I think that

817
00:30:43,090 --> 00:30:40,760
there's something ok about that I mean

818
00:30:44,710 --> 00:30:43,100
it a lot of people say oh you don't want

819
00:30:46,030 --> 00:30:44,720
to speculate you don't want to go to you

820
00:30:47,590 --> 00:30:46,040
don't want to lose money you can't

821
00:30:49,840 --> 00:30:47,600
afford to lose I'm like but a lot of

822
00:30:51,280 --> 00:30:49,850
people are [\h__\h] either way and if they

823
00:30:53,170 --> 00:30:51,290
don't take a serious gamble they're

824
00:30:54,580 --> 00:30:53,180
never gonna you're never going to reach

825
00:30:55,960 --> 00:30:54,590
that level so I mean and that's up to

826
00:30:57,970 --> 00:30:55,970
the individual I'm not going to tell

827
00:31:00,550 --> 00:30:57,980
anybody what to do but if I wanted to

828
00:31:02,380 --> 00:31:00,560
exchange my paychecks on a weekly basis

829
00:31:03,940 --> 00:31:02,390
for bitcoin is it possible to live on it

830
00:31:05,200 --> 00:31:03,950
I guess with the exception of rent

831
00:31:07,240 --> 00:31:05,210
because I don't think my landlord is

832
00:31:08,650 --> 00:31:07,250
going to take gonna take bitcoins as

833
00:31:11,400 --> 00:31:08,660
payment but can you can you buy

834
00:31:13,900 --> 00:31:11,410
groceries or their websites that do that

835
00:31:16,000 --> 00:31:13,910
yeah i mean if if you believe that

836
00:31:17,950 --> 00:31:16,010
bitcoin is going to be as big as i think

837
00:31:19,180 --> 00:31:17,960
it's going to be and you treat it as a

838
00:31:21,190 --> 00:31:19,190
gamble because you don't want to be one

839
00:31:22,840 --> 00:31:21,200
of those idiots on reddit who claims

840
00:31:24,190 --> 00:31:22,850
they you know sold their house and

841
00:31:25,990 --> 00:31:24,200
bought big line two hundred fifty

842
00:31:27,940 --> 00:31:26,000
dollars a coin and now they dead sailors

843
00:31:29,920 --> 00:31:27,950
you know you don't want to be that guy

844
00:31:31,390 --> 00:31:29,930
but as long as you treat it as a gamble

845
00:31:34,240 --> 00:31:31,400
and something that you acknowledge is

846
00:31:36,100 --> 00:31:34,250
risky and you keep enough money in in US

847
00:31:37,630 --> 00:31:36,110
dollars so you know continue to pay your

848
00:31:41,170 --> 00:31:37,640
rent and pay your health insurance or

849
00:31:43,780 --> 00:31:41,180
whatever the hell you have then I think

850
00:31:45,370 --> 00:31:43,790
you're right in the sense that you need

851
00:31:46,480 --> 00:31:45,380
to get in there and take some risks if

852
00:31:49,360 --> 00:31:46,490
you're ever going to get ahead or you're

853
00:31:51,250 --> 00:31:49,370
just not I think Bitcoin in terms of

854
00:31:54,760 --> 00:31:51,260
ideas it's one of the best ideas I've

855
00:31:57,070 --> 00:31:54,770
ever seen and what's there's a

856
00:31:58,780 --> 00:31:57,080
psychological thing that people do and I

857
00:31:59,920 --> 00:31:58,790
don't know if it even has a name but

858
00:32:01,330 --> 00:31:59,930
it's something to talk about a fair

859
00:32:03,280 --> 00:32:01,340
amount and it's this idea that wherever

860
00:32:05,020 --> 00:32:03,290
we are in history is like the biggest

861
00:32:07,720 --> 00:32:05,030
things will ever be right so like in two

862
00:32:09,070 --> 00:32:07,730
thousand and like maybe 2003 or

863
00:32:11,860 --> 00:32:09,080
something I remember I was exchanging

864
00:32:14,140 --> 00:32:11,870
emails with F Williams who's the one of

865
00:32:16,870 --> 00:32:14,150
the founders of Twitter and he created

866
00:32:18,550 --> 00:32:16,880
blogger and all this stuff and back then

867
00:32:20,650 --> 00:32:18,560
he was just like a dude you know so I'd

868
00:32:23,170 --> 00:32:20,660
ask him questions about how to get how

869
00:32:25,420 --> 00:32:23,180
to change something on my blog and even

870
00:32:26,590 --> 00:32:25,430
back then he was well known but you

871
00:32:27,539 --> 00:32:26,600
didn't really you don't really realize

872
00:32:28,470 --> 00:32:27,549
that you were

873
00:32:30,659 --> 00:32:28,480
knowing a guy who's going to be a

874
00:32:33,450 --> 00:32:30,669
billionaire or whatever amount of money

875
00:32:35,580 --> 00:32:33,460
yes now right yeah so at the time you

876
00:32:36,960 --> 00:32:35,590
assume that everything is as big as it's

877
00:32:40,019 --> 00:32:36,970
going to be like people knew that Google

878
00:32:41,070 --> 00:32:40,029
was a big deal back in 2002 that maybe

879
00:32:43,039 --> 00:32:41,080
they didn't realize that it was like a

880
00:32:45,239 --> 00:32:43,049
300 billion dollar market cap company

881
00:32:49,739 --> 00:32:45,249
but people knew was a big deal and

882
00:32:51,299 --> 00:32:49,749
there's this weird kind of this this

883
00:32:52,440 --> 00:32:51,309
thing that happens in our minds where

884
00:32:55,289 --> 00:32:52,450
when we see something that's successful

885
00:32:57,419 --> 00:32:55,299
we got it's already it's already done

886
00:32:58,769 --> 00:32:57,429
it's saturated yeah I guy was talking to

887
00:33:00,690 --> 00:32:58,779
a family member and they were like oh

888
00:33:02,549 --> 00:33:00,700
bitcoins already over it's already in

889
00:33:04,409 --> 00:33:02,559
the news you know it gets too late to

890
00:33:05,970 --> 00:33:04,419
get in I don't think that's really the

891
00:33:08,789 --> 00:33:05,980
case I think something like this a

892
00:33:10,080 --> 00:33:08,799
transaction network the fact that people

893
00:33:11,940 --> 00:33:10,090
are starting to talk about it is

894
00:33:13,799 --> 00:33:11,950
actually a very good sign because if

895
00:33:15,779 --> 00:33:13,809
nobody was talking about it and nobody

896
00:33:18,060 --> 00:33:15,789
was using it then there's a very small

897
00:33:19,499 --> 00:33:18,070
chance of it becoming adopted but if

898
00:33:21,479 --> 00:33:19,509
you're willing to take the gamble if

899
00:33:25,139 --> 00:33:21,489
you're willing to put some money on the

900
00:33:27,029 --> 00:33:25,149
roulette table uh if bitcoin becomes a

901
00:33:29,519 --> 00:33:27,039
global alternative to Visa and

902
00:33:31,739 --> 00:33:29,529
MasterCard and PayPal which i think is

903
00:33:34,019 --> 00:33:31,749
definitely possible at this point and if

904
00:33:36,570 --> 00:33:34,029
it becomes a global alternative to

905
00:33:38,970 --> 00:33:36,580
investing in inflation hedges like gold

906
00:33:41,489 --> 00:33:38,980
and silver and it and also if it becomes

907
00:33:43,229 --> 00:33:41,499
something that the patek generation gets

908
00:33:45,659 --> 00:33:43,239
really excited about you know the only

909
00:33:47,099 --> 00:33:45,669
thing separating Bitcoin for mass

910
00:33:49,049 --> 00:33:47,109
adoption at this point I think is a

911
00:33:51,720 --> 00:33:49,059
couple of good mobile apps that do a

912
00:33:53,279 --> 00:33:51,730
good job of doing all the technical

913
00:33:55,499 --> 00:33:53,289
stuff for people right so instead of

914
00:33:57,509 --> 00:33:55,509
this long string of numbers it'll just

915
00:33:59,279 --> 00:33:57,519
have that tied to your email address or

916
00:34:02,369 --> 00:33:59,289
tied to your name and once it becomes

917
00:34:04,349 --> 00:34:02,379
user friendly and fun to use I think

918
00:34:05,729 --> 00:34:04,359
it's very possible that five years from

919
00:34:08,250 --> 00:34:05,739
now you can walk it to a hip restaurant

920
00:34:10,230 --> 00:34:08,260
or a hip bar and it would say you know

921
00:34:12,780 --> 00:34:10,240
American Express and bitcoin accepted

922
00:34:14,460 --> 00:34:12,790
and if that's the case if that's you

923
00:34:17,309 --> 00:34:14,470
know the little alternative universe

924
00:34:19,289 --> 00:34:17,319
that we end up traveling down if you

925
00:34:21,149 --> 00:34:19,299
were to buy Bitcoin now regardless of

926
00:34:22,950 --> 00:34:21,159
what the daily fluctuation is regardless

927
00:34:25,829 --> 00:34:22,960
of if you buy it at a hundred dollars or

928
00:34:27,720 --> 00:34:25,839
180 dollars you would be sitting on a

929
00:34:30,119 --> 00:34:27,730
you know an astronomical amount of money

930
00:34:31,740 --> 00:34:30,129
five years from now all right yeah I

931
00:34:34,260 --> 00:34:31,750
mean it's kind of like share buttons on

932
00:34:37,369 --> 00:34:34,270
a website because you know I don't use a

933
00:34:40,760 --> 00:34:37,379
lot of the main sites people use like

934
00:34:43,910 --> 00:34:40,770
Pinterest obviously is one of them

935
00:34:47,220 --> 00:34:43,920
there's enough the one that Facebook has

936
00:34:48,810 --> 00:34:47,230
44 photos whatever that is instagram

937
00:34:50,790 --> 00:34:48,820
instagram like i don't use a lot of

938
00:34:52,290 --> 00:34:50,800
those websites but when you when you set

939
00:34:54,300 --> 00:34:52,300
up you know like a wordpress website

940
00:34:56,010 --> 00:34:54,310
you'll have a share box and you want to

941
00:34:59,220 --> 00:34:56,020
have one for everything because even if

942
00:35:01,380 --> 00:34:59,230
one person were to put your your blog on

943
00:35:03,240 --> 00:35:01,390
stumbleupon that's exposure so obviously

944
00:35:04,740 --> 00:35:03,250
you know you just want to accept it I

945
00:35:06,990 --> 00:35:04,750
feel it's the same way with the currency

946
00:35:08,580 --> 00:35:07,000
like if you've got customers and even if

947
00:35:10,200 --> 00:35:08,590
only one percent wants to pay in

948
00:35:13,170 --> 00:35:10,210
bitcoins that's one percent you're not

949
00:35:16,070 --> 00:35:13,180
going to have if you don't adopt to it

950
00:35:18,810 --> 00:35:16,080
so I think a lot of places would do that

951
00:35:20,550 --> 00:35:18,820
but from the perspective of someone who

952
00:35:24,150 --> 00:35:20,560
lives paycheck-to-paycheck I just think

953
00:35:26,190 --> 00:35:24,160
if the Bitcoin were to go under what

954
00:35:28,610 --> 00:35:26,200
difference does it make because if i

955
00:35:31,290 --> 00:35:28,620
were to convert all my checks to bitcoin

956
00:35:33,420 --> 00:35:31,300
and then just try to make the

957
00:35:35,940 --> 00:35:33,430
transactions i need like for groceries

958
00:35:38,280 --> 00:35:35,950
if there are websites to take that if it

959
00:35:40,680 --> 00:35:38,290
goes under my wallets wiped out 20 well

960
00:35:42,270 --> 00:35:40,690
i just wait four or five days till

961
00:35:44,190 --> 00:35:42,280
friday comes and I got another paycheck

962
00:35:45,870 --> 00:35:44,200
and that one I just won't convert like

963
00:35:47,130 --> 00:35:45,880
hey you know if you're living like that

964
00:35:49,020 --> 00:35:47,140
it doesn't seem like that bad of a

965
00:35:50,880 --> 00:35:49,030
gamble the other thing is you're

966
00:35:53,010 --> 00:35:50,890
investing I don't want me to say

967
00:35:54,210 --> 00:35:53,020
investing your uh your gambling is

968
00:35:56,700 --> 00:35:54,220
something that you actually believe in

969
00:35:58,860 --> 00:35:56,710
if you go to the you go to the local

970
00:36:01,710 --> 00:35:58,870
casino and you just lose your whole

971
00:36:03,510 --> 00:36:01,720
paycheck at the sports table or playing

972
00:36:06,480 --> 00:36:03,520
blackjack you feel like an [\h__\h]

973
00:36:08,460 --> 00:36:06,490
afterwards right but yes if you lost

974
00:36:10,680 --> 00:36:08,470
your money and you are doing that to do

975
00:36:13,320 --> 00:36:10,690
your part to prop up a global

976
00:36:15,270 --> 00:36:13,330
transaction network that would destroy

977
00:36:17,730 --> 00:36:15,280
the status quo and give people more

978
00:36:19,290 --> 00:36:17,740
control over their own finances that's

979
00:36:22,440 --> 00:36:19,300
something to be proud of even if you

980
00:36:24,330 --> 00:36:22,450
lose your ass on it and you know that's

981
00:36:25,320 --> 00:36:24,340
what I tell people people ask me how are

982
00:36:27,930 --> 00:36:25,330
you getting into Bitcoin are you

983
00:36:30,450 --> 00:36:27,940
investing in it I'm like I'm when I can

984
00:36:31,950 --> 00:36:30,460
I'm helping it out because this is

985
00:36:33,630 --> 00:36:31,960
something I believe in and if enough

986
00:36:35,880 --> 00:36:33,640
people put in a small amount of money

987
00:36:37,920 --> 00:36:35,890
Bitcoin will take off I mean it already

988
00:36:39,870 --> 00:36:37,930
had earlier this month and had like a

989
00:36:42,060 --> 00:36:39,880
two billion dollar market cap so people

990
00:36:44,400 --> 00:36:42,070
are starting to put money into it and if

991
00:36:46,350 --> 00:36:44,410
it takes off there's no reason it can't

992
00:36:50,430 --> 00:36:46,360
be 100 billion or 200 billion dollar

993
00:36:52,440 --> 00:36:50,440
market cap currency right I've core of

994
00:36:53,799 --> 00:36:52,450
everything I could possibly see it has

995
00:36:55,900 --> 00:36:53,809
the greatest potential for

996
00:36:57,489 --> 00:36:55,910
because it is the newest you know like I

997
00:37:00,009 --> 00:36:57,499
said I think gold is kind of saturated

998
00:37:01,989 --> 00:37:00,019
but bitcoins there's volatility there it

999
00:37:04,329 --> 00:37:01,999
could go to nothing but I mean I think

1000
00:37:06,579 --> 00:37:04,339
the sky could be the limit and put one

1001
00:37:08,410 --> 00:37:06,589
interesting aspect of it is I would I

1002
00:37:10,539 --> 00:37:08,420
tried to look up who created it and it

1003
00:37:12,400 --> 00:37:10,549
doesn't seem like anyone really knows it

1004
00:37:14,979 --> 00:37:12,410
might have been some anonymous Asian

1005
00:37:16,959 --> 00:37:14,989
hacker or something yeah I think that

1006
00:37:20,589 --> 00:37:16,969
was actually really smart on his part I

1007
00:37:22,479 --> 00:37:20,599
mean his or her part whoever created

1008
00:37:25,599 --> 00:37:22,489
this was very intelligent about not only

1009
00:37:27,219 --> 00:37:25,609
the design but about making Bitcoin

1010
00:37:30,130 --> 00:37:27,229
something that is beyond the individual

1011
00:37:31,689 --> 00:37:30,140
so if this were a situation where the

1012
00:37:33,910 --> 00:37:31,699
guy who created it was always on the

1013
00:37:37,029 --> 00:37:33,920
cover of magazines and was being

1014
00:37:38,920 --> 00:37:37,039
interviewed on CNN and stuff uh then

1015
00:37:40,809 --> 00:37:38,930
Bitcoin would be open to ad hominem

1016
00:37:43,689 --> 00:37:40,819
attacks you know they would look into

1017
00:37:45,370 --> 00:37:43,699
the guy's background they would just

1018
00:37:47,620 --> 00:37:45,380
[\h__\h] him over with some sex scandal or

1019
00:37:50,109 --> 00:37:47,630
whatever it is and then the whole

1020
00:37:51,370 --> 00:37:50,119
network loses credibility like oh this

1021
00:37:53,019 --> 00:37:51,380
guy's just trying to make money for

1022
00:37:55,299 --> 00:37:53,029
himself look at how many Bitcoin he

1023
00:37:56,920 --> 00:37:55,309
personally has right they can't do any

1024
00:37:58,779 --> 00:37:56,930
of that stuff because nobody knows who

1025
00:38:00,160 --> 00:37:58,789
created it all they know that the source

1026
00:38:01,509 --> 00:38:00,170
code is good because so many people have

1027
00:38:05,289 --> 00:38:01,519
looked at it and know that it's the real

1028
00:38:07,769 --> 00:38:05,299
deal but they don't know who's behind it

1029
00:38:10,689 --> 00:38:07,779
which makes it something that is just

1030
00:38:12,939 --> 00:38:10,699
it's almost like it was just created

1031
00:38:15,579 --> 00:38:12,949
like what is the phrase like deus ex

1032
00:38:17,169 --> 00:38:15,589
machina like whatever that means like

1033
00:38:19,479 --> 00:38:17,179
just like from the gods you know like it

1034
00:38:21,789 --> 00:38:19,489
just exists one day and it kind of came

1035
00:38:23,319 --> 00:38:21,799
around came around at exactly the right

1036
00:38:25,449 --> 00:38:23,329
time there's like something that the

1037
00:38:27,069 --> 00:38:25,459
world needed and it was just created in

1038
00:38:29,620 --> 00:38:27,079
the same way the email like if I were to

1039
00:38:30,819 --> 00:38:29,630
ask you who invented email you probably

1040
00:38:32,650 --> 00:38:30,829
could not tell me and yet it's a

1041
00:38:34,749 --> 00:38:32,660
technology that was developed and then

1042
00:38:36,999 --> 00:38:34,759
very quickly took off worldwide because

1043
00:38:41,469 --> 00:38:37,009
it was just so obviously better than

1044
00:38:44,579 --> 00:38:41,479
what it existed before good point you

1045
00:38:46,630 --> 00:38:44,589
mentioned people looking at the code and

1046
00:38:48,579 --> 00:38:46,640
something I hear a lot in interviews

1047
00:38:50,380 --> 00:38:48,589
when people are defending Bitcoin as I

1048
00:38:54,039 --> 00:38:50,390
say well the code can't be changed the

1049
00:38:55,989 --> 00:38:54,049
code can't be manipulated and it seems a

1050
00:38:57,759 --> 00:38:55,999
little bit like wishful thinking I mean

1051
00:39:00,929 --> 00:38:57,769
I'd hoped that to be the case that it's

1052
00:39:03,279 --> 00:39:00,939
ironclad but is it really yeah I don't I

1053
00:39:06,519 --> 00:39:03,289
think everything with Bitcoin you have

1054
00:39:06,850 --> 00:39:06,529
to really treat it as kind of a dream

1055
00:39:10,180 --> 00:39:06,860
you

1056
00:39:11,710 --> 00:39:10,190
a gamble because it really is like

1057
00:39:12,820 --> 00:39:11,720
you're you're putting some money into

1058
00:39:15,190 --> 00:39:12,830
something that's a dream of a better

1059
00:39:17,800 --> 00:39:15,200
world and so could this system be

1060
00:39:19,750 --> 00:39:17,810
compromised the the thing that gives a

1061
00:39:22,090 --> 00:39:19,760
lot of strength i think is how

1062
00:39:23,650 --> 00:39:22,100
decentralized it is so when every single

1063
00:39:25,960 --> 00:39:23,660
car every single transaction that it

1064
00:39:27,820 --> 00:39:25,970
happens on the network goes into

1065
00:39:31,030 --> 00:39:27,830
something called the blockchain which is

1066
00:39:33,010 --> 00:39:31,040
a public log of all transactions anybody

1067
00:39:35,380 --> 00:39:33,020
can look at it you can actually watch it

1068
00:39:37,750 --> 00:39:35,390
in real time in real time if you go to

1069
00:39:39,610 --> 00:39:37,760
block chain info you can see the new

1070
00:39:41,530 --> 00:39:39,620
transactions coming in and the amounts

1071
00:39:43,450 --> 00:39:41,540
and where the money's coming from you

1072
00:39:45,880 --> 00:39:43,460
know public receiving address and

1073
00:39:47,230 --> 00:39:45,890
sending address and that's phenomenal if

1074
00:39:51,730 --> 00:39:47,240
you think about it so it gives a layer

1075
00:39:53,290 --> 00:39:51,740
of transparency and it also these

1076
00:39:55,660 --> 00:39:53,300
transactions need to be verified by

1077
00:39:59,710 --> 00:39:55,670
multiple servers before they actually

1078
00:40:01,750 --> 00:39:59,720
are settled and that prevents any bad

1079
00:40:03,970 --> 00:40:01,760
actor from pushing out bogus

1080
00:40:05,380 --> 00:40:03,980
transactions you know you can you can

1081
00:40:07,570 --> 00:40:05,390
definitely do stuff like you can steal

1082
00:40:10,330 --> 00:40:07,580
somebody else's bitcoins if you plant

1083
00:40:11,890 --> 00:40:10,340
malware on their computer or if somebody

1084
00:40:14,260 --> 00:40:11,900
is not careful about storing their

1085
00:40:16,150 --> 00:40:14,270
private key and you come across it you

1086
00:40:20,080 --> 00:40:16,160
can take their coins that way but this

1087
00:40:21,040 --> 00:40:20,090
is not something that can really be I it

1088
00:40:23,590 --> 00:40:21,050
doesn't seem like it something that can

1089
00:40:25,090 --> 00:40:23,600
be technically broken and I think if it

1090
00:40:26,800 --> 00:40:25,100
if it was possible it would have already

1091
00:40:28,780 --> 00:40:26,810
happened by now because a lot of people

1092
00:40:31,270 --> 00:40:28,790
are trying to make money off of Bitcoin

1093
00:40:33,310 --> 00:40:31,280
and dishonest ways and some of the

1094
00:40:34,360 --> 00:40:33,320
things that scare people about Bitcoin

1095
00:40:36,910 --> 00:40:34,370
like the fact that everybody is trying

1096
00:40:39,610 --> 00:40:36,920
to Jack your coins those are the things

1097
00:40:41,380 --> 00:40:39,620
that actually kind of excitement at

1098
00:40:43,510 --> 00:40:41,390
something is becoming a real currency if

1099
00:40:44,920 --> 00:40:43,520
you were to leave demand yeah yeah

1100
00:40:47,950 --> 00:40:44,930
exactly if you were to leave a silver

1101
00:40:49,120 --> 00:40:47,960
coin or a gold coin on a park bench that

1102
00:40:51,010 --> 00:40:49,130
thing would be gone in a matter of

1103
00:40:53,230 --> 00:40:51,020
minutes you're to leave like a you know

1104
00:40:56,140 --> 00:40:53,240
broken bottle it'll stay there the whole

1105
00:40:58,270 --> 00:40:56,150
day and this shows that there is some

1106
00:40:59,950 --> 00:40:58,280
serious demand for this I met people

1107
00:41:01,810 --> 00:40:59,960
from a psychological viewpoint are

1108
00:41:03,190 --> 00:41:01,820
treating it as money and at the end of

1109
00:41:04,690 --> 00:41:03,200
the day we all have to acknowledge that

1110
00:41:07,000 --> 00:41:04,700
money is [\h__\h] you know it's a social

1111
00:41:08,530 --> 00:41:07,010
contract and a thousand years from now

1112
00:41:10,510 --> 00:41:08,540
we might not even have money but we

1113
00:41:12,430 --> 00:41:10,520
exist in a world where we do and where

1114
00:41:14,260 --> 00:41:12,440
it's very important and so it's cool to

1115
00:41:16,270 --> 00:41:14,270
see people making that psychological

1116
00:41:17,830 --> 00:41:16,280
shift into like oh even though this is

1117
00:41:19,600 --> 00:41:17,840
digital and it's not backed by anything

1118
00:41:20,529 --> 00:41:19,610
we're going to treat it as money because

1119
00:41:22,359 --> 00:41:20,539
that's all the u.s.

1120
00:41:24,279 --> 00:41:22,369
is it's not backed by anything it's

1121
00:41:25,959 --> 00:41:24,289
digital the people assume that there's a

1122
00:41:27,939 --> 00:41:25,969
dollar out there for every single dollar

1123
00:41:30,159 --> 00:41:27,949
that's printed it's not all printed you

1124
00:41:32,259 --> 00:41:30,169
know it's a lot of its just zeros on a

1125
00:41:33,370 --> 00:41:32,269
computer screen and even if it were what

1126
00:41:34,599 --> 00:41:33,380
would that mean so you have a bunch of

1127
00:41:36,309 --> 00:41:34,609
sheets of paper how does that make it

1128
00:41:38,949 --> 00:41:36,319
more of the JIT than anything else of

1129
00:41:40,209 --> 00:41:38,959
course I actually was just talking to a

1130
00:41:43,089 --> 00:41:40,219
buddy of mine and I was saying you know

1131
00:41:45,009 --> 00:41:43,099
if aliens came down here and they were

1132
00:41:46,479 --> 00:41:45,019
like hey you know you guys seem cool you

1133
00:41:48,429 --> 00:41:46,489
guys are building planes you guys are

1134
00:41:50,109 --> 00:41:48,439
doing all kinds of stuff how do you

1135
00:41:52,419 --> 00:41:50,119
operate down here and we explained to

1136
00:41:56,079 --> 00:41:52,429
them that well nobody does anything

1137
00:41:57,609 --> 00:41:56,089
until this green paper is exchanged you

1138
00:42:00,339 --> 00:41:57,619
know if we didn't exchange this green

1139
00:42:01,779 --> 00:42:00,349
paper no one would do [\h__\h] and it just

1140
00:42:03,069 --> 00:42:01,789
seems so silly because then they'd be

1141
00:42:05,140 --> 00:42:03,079
like okay well who makes that green

1142
00:42:06,579 --> 00:42:05,150
favorite oh that guy over there it's

1143
00:42:10,419 --> 00:42:06,589
like okay well why do you just let him

1144
00:42:12,069 --> 00:42:10,429
do that it is it is goofy the way we do

1145
00:42:14,140 --> 00:42:12,079
things but you know I don't want to be

1146
00:42:17,819 --> 00:42:14,150
too negative on Bitcoin because I do

1147
00:42:20,439 --> 00:42:17,829
think it's awesome but every hacker or

1148
00:42:22,599 --> 00:42:20,449
security internet security person I've

1149
00:42:24,640 --> 00:42:22,609
ever talked to or heard speak online

1150
00:42:26,859 --> 00:42:24,650
they say everything can be compromised

1151
00:42:29,949 --> 00:42:26,869
you know anything any security you can

1152
00:42:32,289 --> 00:42:29,959
build can be broken at least that's what

1153
00:42:35,949 --> 00:42:32,299
people tend to think on the internet and

1154
00:42:37,779 --> 00:42:35,959
so that that is worrisome but all I can

1155
00:42:39,339 --> 00:42:37,789
do is hope that it is something you can

1156
00:42:41,289 --> 00:42:39,349
really invest it I mean the only idea I

1157
00:42:42,640 --> 00:42:41,299
had for investing if I was going to try

1158
00:42:45,009 --> 00:42:42,650
to get rich the only thing I could think

1159
00:42:47,620 --> 00:42:45,019
of was to try to invest in marijuana

1160
00:42:49,959 --> 00:42:47,630
dispensaries that go public or if the

1161
00:42:52,179 --> 00:42:49,969
country starts legalizing weed and it's

1162
00:42:53,349 --> 00:42:52,189
traded like a commodity to get in on the

1163
00:42:55,329 --> 00:42:53,359
ground floor of that because I think

1164
00:42:58,449 --> 00:42:55,339
that could has huge potential as well

1165
00:43:00,399 --> 00:42:58,459
but um have you done any digging into

1166
00:43:02,289 --> 00:43:00,409
other alternative digital currencies

1167
00:43:05,349 --> 00:43:02,299
like this Bitcoin have any real

1168
00:43:08,729 --> 00:43:05,359
competition there's one called litecoin

1169
00:43:11,349 --> 00:43:08,739
that is starting to take off and so

1170
00:43:13,329 --> 00:43:11,359
litecoin is very similar in a lot of

1171
00:43:14,949 --> 00:43:13,339
ways it cost less it's you know two or

1172
00:43:17,259 --> 00:43:14,959
three dollars a coin instead of whatever

1173
00:43:19,029 --> 00:43:17,269
bitcoin is going for now so that's

1174
00:43:21,399 --> 00:43:19,039
another possibility if you're somebody

1175
00:43:22,839 --> 00:43:21,409
who wants to speculate and like you said

1176
00:43:25,089 --> 00:43:22,849
your paycheck to paycheck and want to

1177
00:43:26,559 --> 00:43:25,099
put something aside litecoin might be a

1178
00:43:28,839 --> 00:43:26,569
good one to put a little bit of money

1179
00:43:31,539 --> 00:43:28,849
into just because if that one takes off

1180
00:43:32,140 --> 00:43:31,549
you've gotten in so unbelievably through

1181
00:43:33,670 --> 00:43:32,150
it

1182
00:43:36,400 --> 00:43:33,680
that you're going to make money off of

1183
00:43:37,720 --> 00:43:36,410
it but I think with digital currency

1184
00:43:39,819 --> 00:43:37,730
there's going to be a really huge first

1185
00:43:41,349 --> 00:43:39,829
mover advantage where you know

1186
00:43:42,760 --> 00:43:41,359
everybody's if it starts to take off

1187
00:43:44,470 --> 00:43:42,770
everybody is going to accept Bitcoin

1188
00:43:48,940 --> 00:43:44,480
they're not going to accept the 100

1189
00:43:50,950 --> 00:43:48,950
copycats you know what and I just want

1190
00:43:53,109 --> 00:43:50,960
to kind of cap this off by saying I

1191
00:43:55,089 --> 00:43:53,119
could be wrong about all of this course

1192
00:43:56,829 --> 00:43:55,099
we know so you have if you treated us up

1193
00:43:58,420 --> 00:43:56,839
if you treat it as you would a hobby

1194
00:44:00,190 --> 00:43:58,430
like if you're just a hobbyist about

1195
00:44:02,650 --> 00:44:00,200
digital currency then you can't really

1196
00:44:04,329 --> 00:44:02,660
go wrong like four years I was just

1197
00:44:06,789 --> 00:44:04,339
interested in things like blogging and

1198
00:44:08,500 --> 00:44:06,799
so it's not like I lost my ass on any

1199
00:44:10,329 --> 00:44:08,510
blog companies that didn't pull through

1200
00:44:12,760 --> 00:44:10,339
because I was only doing it as somebody

1201
00:44:14,289 --> 00:44:12,770
who's fascinated by what a blog was

1202
00:44:16,000 --> 00:44:14,299
about you know I wasn't trying to make

1203
00:44:18,549 --> 00:44:16,010
money off of it and they're not

1204
00:44:20,140 --> 00:44:18,559
exclusively trying to and the same thing

1205
00:44:22,329 --> 00:44:20,150
with podcasts like you mentioned earlier

1206
00:44:24,940 --> 00:44:22,339
that I think didn't like podcasts are

1207
00:44:26,950 --> 00:44:24,950
already yeah wouldn't be awesome to to

1208
00:44:28,269 --> 00:44:26,960
be the first person who started podcast

1209
00:44:30,069 --> 00:44:28,279
and you know look at the audience he'd

1210
00:44:33,250 --> 00:44:30,079
probably have amassed by now well let me

1211
00:44:35,289 --> 00:44:33,260
let me flip your review on this a little

1212
00:44:36,970 --> 00:44:35,299
bit it would have definitely been great

1213
00:44:39,279 --> 00:44:36,980
to be one of the absolute first

1214
00:44:42,789 --> 00:44:39,289
podcasters like to be adam curry or joe

1215
00:44:44,410 --> 00:44:42,799
rogan you know but after i was on

1216
00:44:46,779 --> 00:44:44,420
Rogan's show that's when i realized that

1217
00:44:49,450 --> 00:44:46,789
podcasting was a huge deal because i got

1218
00:44:50,980 --> 00:44:49,460
so many reactions to it and i was ago i

1219
00:44:52,329 --> 00:44:50,990
should create a podcast you know this

1220
00:44:54,579 --> 00:44:52,339
would be a format where i could just

1221
00:44:56,589 --> 00:44:54,589
speak my mind tell people what's going

1222
00:44:58,569 --> 00:44:56,599
on and not have to worry about getting

1223
00:45:00,490 --> 00:44:58,579
an editor's approval you know or

1224
00:45:01,809 --> 00:45:00,500
producer telling me it can only be five

1225
00:45:05,019 --> 00:45:01,819
minutes long and then we have to go to

1226
00:45:06,839 --> 00:45:05,029
something else so it opens you up to

1227
00:45:09,670 --> 00:45:06,849
just put content out there and

1228
00:45:11,920 --> 00:45:09,680
podcasting I would argue is still in the

1229
00:45:14,109 --> 00:45:11,930
very early stages a lot of people don't

1230
00:45:15,970 --> 00:45:14,119
listen to any podcasts you compare that

1231
00:45:18,700 --> 00:45:15,980
to the example i like to use of google

1232
00:45:19,620 --> 00:45:18,710
everybody searches on Google most people

1233
00:45:21,730 --> 00:45:19,630
have never listened to a podcast

1234
00:45:23,740 --> 00:45:21,740
something I think only like twenty or

1235
00:45:26,980 --> 00:45:23,750
thirty percent of the internet uses

1236
00:45:28,900 --> 00:45:26,990
internet radio or podcasting and it's in

1237
00:45:31,359 --> 00:45:28,910
the very early stages and we're not

1238
00:45:33,180 --> 00:45:31,369
competing with other podcasters we're

1239
00:45:35,470 --> 00:45:33,190
really competing with television and

1240
00:45:37,329 --> 00:45:35,480
television is dying and so on a death

1241
00:45:38,950 --> 00:45:37,339
spiral it's one of those things where

1242
00:45:40,839 --> 00:45:38,960
you look at the growth rate or you look

1243
00:45:42,250 --> 00:45:40,849
at the decay rate and you can tell

1244
00:45:44,440 --> 00:45:42,260
what's going to happen like I can't tell

1245
00:45:45,790 --> 00:45:44,450
you the exact day when nobody will turn

1246
00:45:47,500 --> 00:45:45,800
in to see and that when

1247
00:45:49,360 --> 00:45:47,510
we will tune in to CNN I can't tell you

1248
00:45:51,340 --> 00:45:49,370
that day but I know that day is coming

1249
00:45:53,830 --> 00:45:51,350
you know it's coming a lot faster than

1250
00:45:55,240 --> 00:45:53,840
people think and these traditional

1251
00:45:57,220 --> 00:45:55,250
networks are losing all their power and

1252
00:45:59,140 --> 00:45:57,230
all the power and all the influence is

1253
00:46:01,870 --> 00:45:59,150
heading into podcasts and it's heading

1254
00:46:04,750 --> 00:46:01,880
into YouTube channel creators I mean

1255
00:46:06,310 --> 00:46:04,760
YouTube has 850 million users a month

1256
00:46:09,610 --> 00:46:06,320
now that's bigger than any television

1257
00:46:11,230 --> 00:46:09,620
network so i guess like my point my

1258
00:46:13,390 --> 00:46:11,240
point though is like if you continue to

1259
00:46:15,160 --> 00:46:13,400
put out an exciting podcast for people a

1260
00:46:16,780 --> 00:46:15,170
couple years from now you could easily

1261
00:46:18,220 --> 00:46:16,790
have hundreds of thousands or millions

1262
00:46:19,930 --> 00:46:18,230
of listeners because this is not a

1263
00:46:21,940 --> 00:46:19,940
saturated market this is something that

1264
00:46:23,680 --> 00:46:21,950
most people don't even know about and

1265
00:46:26,050 --> 00:46:23,690
the people who listen to podcasts are

1266
00:46:27,850 --> 00:46:26,060
kind of like connoisseurs you know like

1267
00:46:32,410 --> 00:46:27,860
they it's a really tight-knit community

1268
00:46:35,230 --> 00:46:32,420
but it's not mainstream yet true we have

1269
00:46:36,370 --> 00:46:35,240
a couple minutes left and something I

1270
00:46:38,500 --> 00:46:36,380
wanted to talk to you about you know you

1271
00:46:40,720 --> 00:46:38,510
do talk about citizen journalism a lot i

1272
00:46:42,850 --> 00:46:40,730
know you're big on the into the you know

1273
00:46:45,250 --> 00:46:42,860
in the internet and you are journalists

1274
00:46:47,020 --> 00:46:45,260
yourself and we just had obviously a

1275
00:46:49,960 --> 00:46:47,030
terrible tragedy and the boston bombing

1276
00:46:53,170 --> 00:46:49,970
but have you seen how have you seen

1277
00:46:55,510 --> 00:46:53,180
Siddle at citizen journalism affect the

1278
00:46:58,000 --> 00:46:55,520
way these things are digested because it

1279
00:46:59,470 --> 00:46:58,010
seems like radically dip like allow

1280
00:47:04,290 --> 00:46:59,480
people are getting their news from other

1281
00:47:09,370 --> 00:47:04,300
sources like reddit as opposed to CNN

1282
00:47:11,380 --> 00:47:09,380
yeah good question i think that the the

1283
00:47:13,450 --> 00:47:11,390
establishment the mainstream whatever

1284
00:47:15,220 --> 00:47:13,460
you want to call it is losing power

1285
00:47:17,050 --> 00:47:15,230
because of the internet like before the

1286
00:47:19,210 --> 00:47:17,060
internet existed there would be some

1287
00:47:20,650 --> 00:47:19,220
terrible event that would happen and on

1288
00:47:22,300 --> 00:47:20,660
the evening news they would tell you

1289
00:47:24,340 --> 00:47:22,310
what you're supposed to think about it

1290
00:47:25,660 --> 00:47:24,350
and what you're supposed to do to fix it

1291
00:47:28,330 --> 00:47:25,670
you know if you support this legislation

1292
00:47:31,480 --> 00:47:28,340
that'll keep it from happening again you

1293
00:47:33,100 --> 00:47:31,490
know you don't go oh the TV anchors are

1294
00:47:34,390 --> 00:47:33,110
lying to me you just go okay I'm going

1295
00:47:36,190 --> 00:47:34,400
to call my senator and make sure they

1296
00:47:40,480 --> 00:47:36,200
support sista you know or whatever the

1297
00:47:42,910 --> 00:47:40,490
thing is and now we see the alternative

1298
00:47:44,770 --> 00:47:42,920
views now we see somebody on YouTube you

1299
00:47:46,780 --> 00:47:44,780
oh no that's wrong sis pool will take

1300
00:47:48,430 --> 00:47:46,790
away your take away your privacy that's

1301
00:47:51,130 --> 00:47:48,440
absolutely nothing to do with preventing

1302
00:47:53,590 --> 00:47:51,140
terrorism you know a B and C look at

1303
00:47:55,150 --> 00:47:53,600
this look at what the ACLU has to say

1304
00:47:56,920 --> 00:47:55,160
look at what Aaron Swartz said about it

1305
00:47:59,350 --> 00:47:56,930
before he committed suicide look at all

1306
00:48:01,150 --> 00:47:59,360
this [\h__\h] right and

1307
00:48:03,550 --> 00:48:01,160
it's taking away that authority that

1308
00:48:04,690 --> 00:48:03,560
that single view no longer exists like

1309
00:48:06,820 --> 00:48:04,700
it used to be just tuned in to the

1310
00:48:08,470 --> 00:48:06,830
evening news I can't think of anybody in

1311
00:48:10,540 --> 00:48:08,480
my age group who watches the evening

1312
00:48:12,880 --> 00:48:10,550
news yeah I might watch CBS Evening News

1313
00:48:17,230 --> 00:48:12,890
like once every couple months of them in

1314
00:48:19,420 --> 00:48:17,240
a hotel uh and so you're just you're

1315
00:48:21,400 --> 00:48:19,430
getting like a kind of crowd-sourced

1316
00:48:23,020 --> 00:48:21,410
view of the world where when an event

1317
00:48:26,470 --> 00:48:23,030
happens like something like the Boston

1318
00:48:28,780 --> 00:48:26,480
the Boston attack I immediately turned

1319
00:48:30,130 --> 00:48:28,790
to Twitter and you see real photos from

1320
00:48:32,470 --> 00:48:30,140
people who happen to be their photos and

1321
00:48:35,320 --> 00:48:32,480
videos just because everybody has a cell

1322
00:48:37,570 --> 00:48:35,330
phone and you're getting no kind of no

1323
00:48:39,220 --> 00:48:37,580
edit you know you're not having some CNN

1324
00:48:41,140 --> 00:48:39,230
producer go oh let's air with this air

1325
00:48:42,580 --> 00:48:41,150
with this video and nothing else because

1326
00:48:44,890 --> 00:48:42,590
this is the most impactful you're

1327
00:48:46,240 --> 00:48:44,900
getting a much it's almost as if you're

1328
00:48:48,940 --> 00:48:46,250
there on the ground whenever something

1329
00:48:51,070 --> 00:48:48,950
happens whether it's on Capitol Hill and

1330
00:48:54,190 --> 00:48:51,080
it's you know a bill being discussed or

1331
00:48:56,740 --> 00:48:54,200
it's a natural disaster or it's a you

1332
00:48:59,350 --> 00:48:56,750
know a terrorist attack whatever it is

1333
00:49:01,150 --> 00:48:59,360
now you're getting the views from people

1334
00:49:02,950 --> 00:49:01,160
who are actually right there that's a

1335
00:49:04,570 --> 00:49:02,960
really exciting thing that you can't you

1336
00:49:07,690 --> 00:49:04,580
can't stop at this point nobody can stop

1337
00:49:09,310 --> 00:49:07,700
that agreed and I mean obviously a lot

1338
00:49:11,980 --> 00:49:09,320
of people right off the bat with that

1339
00:49:13,630 --> 00:49:11,990
we're claiming false flag and and all

1340
00:49:15,550 --> 00:49:13,640
that stuff and being the guy that I am I

1341
00:49:16,990 --> 00:49:15,560
mean Boston bombing false flag was one

1342
00:49:19,210 --> 00:49:17,000
of the first things like Google because

1343
00:49:21,550 --> 00:49:19,220
I want to see that side of it although I

1344
00:49:24,850 --> 00:49:21,560
would never claim to know that with any

1345
00:49:27,280 --> 00:49:24,860
certainty so early or even now but I

1346
00:49:28,450 --> 00:49:27,290
mean now that the dust is settled no pun

1347
00:49:30,460 --> 00:49:28,460
intended have you seen any

1348
00:49:32,110 --> 00:49:30,470
inconsistencies that have made you

1349
00:49:35,110 --> 00:49:32,120
skeptical the official story or do you

1350
00:49:38,650 --> 00:49:35,120
think this is a pretty simple terrorist

1351
00:49:42,730 --> 00:49:38,660
bombing I don't think it's a simple

1352
00:49:45,190 --> 00:49:42,740
thing I think that from one thing the

1353
00:49:48,100 --> 00:49:45,200
suspect they have in custody now does

1354
00:49:52,450 --> 00:49:48,110
not seem to be a very bright guy you

1355
00:49:54,730 --> 00:49:52,460
know he seems to be just kind of a I

1356
00:49:56,680 --> 00:49:54,740
called him a dweeb on my show you know I

1357
00:49:59,350 --> 00:49:56,690
this is based on his Twitter timeline

1358
00:50:00,850 --> 00:49:59,360
and some of the public information that

1359
00:50:02,590 --> 00:50:00,860
has come out about him he's 19 years old

1360
00:50:05,320 --> 00:50:02,600
he doesn't seem like somebody who has

1361
00:50:07,420 --> 00:50:05,330
the technical skill and granted i'm not

1362
00:50:08,860 --> 00:50:07,430
a terrorism expert but he doesn't seem

1363
00:50:12,529 --> 00:50:08,870
like somebody has a technical skill to

1364
00:50:15,109 --> 00:50:12,539
build for homemade explosive devices

1365
00:50:19,159 --> 00:50:15,119
carefully placed them at set points you

1366
00:50:20,329 --> 00:50:19,169
know along the way and it be able to do

1367
00:50:23,569 --> 00:50:20,339
all this stuff without blowing himself

1368
00:50:26,719 --> 00:50:23,579
up you know I it to me seems very

1369
00:50:28,459 --> 00:50:26,729
unusual and one of the arguments which I

1370
00:50:29,599 --> 00:50:28,469
think makes a lot of sense is that his

1371
00:50:31,789 --> 00:50:29,609
older brother might have been the

1372
00:50:32,900 --> 00:50:31,799
mastermind and he just was sort of

1373
00:50:36,739 --> 00:50:32,910
sucked into it I guess that's a

1374
00:50:38,150 --> 00:50:36,749
possibility but aside from the aside

1375
00:50:42,469 --> 00:50:38,160
from the motivation behind something

1376
00:50:44,719 --> 00:50:42,479
like that I think if you were to look at

1377
00:50:47,150 --> 00:50:44,729
the causes of domestic terrorism I

1378
00:50:49,839 --> 00:50:47,160
believe every single one in the US since

1379
00:50:52,549 --> 00:50:49,849
911 has been caused by radical Islam and

1380
00:50:55,159 --> 00:50:52,559
you know there's a thing among liberals

1381
00:50:57,620 --> 00:50:55,169
to be very sensitive and immediately

1382
00:51:00,140 --> 00:50:57,630
discount linking religion to terrorism

1383
00:51:03,140 --> 00:51:00,150
but when you see a correlation like that

1384
00:51:05,359 --> 00:51:03,150
you have to wonder what's going on there

1385
00:51:06,679 --> 00:51:05,369
right at a certain point it's beyond

1386
00:51:09,009 --> 00:51:06,689
being politically correct you're on

1387
00:51:11,659 --> 00:51:09,019
track you need to figure out why

1388
00:51:14,449 --> 00:51:11,669
radicalism is making people harm other

1389
00:51:16,189 --> 00:51:14,459
people in the name of their religion and

1390
00:51:19,640 --> 00:51:16,199
that's I guess that's the first point I

1391
00:51:21,469 --> 00:51:19,650
make and the second one is it's not so

1392
00:51:23,449 --> 00:51:21,479
much what happens it's how the media and

1393
00:51:25,669 --> 00:51:23,459
how the government reacts to it so even

1394
00:51:27,849 --> 00:51:25,679
911 which is a terrible tragedy and

1395
00:51:29,689 --> 00:51:27,859
thousands of Americans lives were lost

1396
00:51:32,059 --> 00:51:29,699
that would have been handled differently

1397
00:51:34,939 --> 00:51:32,069
in a country like Norway you know

1398
00:51:38,269 --> 00:51:34,949
instead of creating laws take away

1399
00:51:40,159 --> 00:51:38,279
people's rights and allowing for sneak

1400
00:51:42,319 --> 00:51:40,169
and peek warrantless searches of your

1401
00:51:44,449 --> 00:51:42,329
home and all this creepy Patriot Act

1402
00:51:46,609 --> 00:51:44,459
[\h__\h] instead of all that stuff happening

1403
00:51:48,319 --> 00:51:46,619
and instead of every creepy defense

1404
00:51:51,380 --> 00:51:48,329
contractor out there crawling out from

1405
00:51:53,120 --> 00:51:51,390
under the log and clawing for their

1406
00:51:54,499 --> 00:51:53,130
they're part of the defense budget you

1407
00:51:56,449 --> 00:51:54,509
know to make billions of dollars off of

1408
00:51:59,479 --> 00:51:56,459
911 which is what happened people made

1409
00:52:00,849 --> 00:51:59,489
billions of dollars by selling security

1410
00:52:04,909 --> 00:52:00,859
systems and services to the government

1411
00:52:06,919 --> 00:52:04,919
after that attack instead of all that

1412
00:52:07,999 --> 00:52:06,929
stuff happening they might have had an

1413
00:52:10,849 --> 00:52:08,009
approach like you know this is a

1414
00:52:12,469 --> 00:52:10,859
terrible terrible tragedy and we're

1415
00:52:13,909 --> 00:52:12,479
going to get the people responsible for

1416
00:52:15,739 --> 00:52:13,919
it and now we're going to move on with

1417
00:52:18,769 --> 00:52:15,749
our lives we're not going to spend a

1418
00:52:21,019 --> 00:52:18,779
decade self-flagellating over 911 and

1419
00:52:23,419 --> 00:52:21,029
you had you know Giuliani even eight

1420
00:52:25,130 --> 00:52:23,429
years after 911 was still going on TV

1421
00:52:25,850 --> 00:52:25,140
and just talking about that and nothing

1422
00:52:27,470 --> 00:52:25,860
else pretty much

1423
00:52:28,910 --> 00:52:27,480
trying to you know just that be the

1424
00:52:33,650 --> 00:52:28,920
first sentence out of his mouth as well

1425
00:52:36,890 --> 00:52:33,660
911 happened and it was a just a really

1426
00:52:40,370 --> 00:52:36,900
strange response to a terrible attack

1427
00:52:42,650 --> 00:52:40,380
you know I completely agree yeah that's

1428
00:52:45,350 --> 00:52:42,660
definitely been milked I mean you know

1429
00:52:47,780 --> 00:52:45,360
Dick Cheney's milk that whole thing more

1430
00:52:49,580 --> 00:52:47,790
than anyone probably still probably as a

1431
00:52:52,160 --> 00:52:49,590
huge investor in haliburton he's been

1432
00:52:54,140 --> 00:52:52,170
the one to profit but you know the

1433
00:52:56,720 --> 00:52:54,150
things with the Boston bombing I mean I

1434
00:52:58,040 --> 00:52:56,730
did see some things that were kind of

1435
00:53:02,420 --> 00:52:58,050
skeptical I mean I don't know if are you

1436
00:53:03,980 --> 00:53:02,430
familiar with the Trevor Aronson no not

1437
00:53:06,020 --> 00:53:03,990
familiar hoosick he's a he's a

1438
00:53:08,360 --> 00:53:06,030
journalist he wrote a book called terror

1439
00:53:10,730 --> 00:53:08,370
factory inside the FBI's manufactured

1440
00:53:12,470 --> 00:53:10,740
war on terror and this was a guy that I

1441
00:53:16,130 --> 00:53:12,480
had on the show a while back and he went

1442
00:53:20,540 --> 00:53:16,140
through case after case of the FBI kind

1443
00:53:22,310 --> 00:53:20,550
of going after Middle Eastern people who

1444
00:53:25,100 --> 00:53:22,320
live in this country and kind of trying

1445
00:53:28,130 --> 00:53:25,110
to coax them into into situations almost

1446
00:53:29,870 --> 00:53:28,140
like well it was definitely entrapment

1447
00:53:32,140 --> 00:53:29,880
but you know they're going to people and

1448
00:53:34,550 --> 00:53:32,150
actually offering them money to take a

1449
00:53:35,930 --> 00:53:34,560
shipment somewhere and people are just

1450
00:53:38,420 --> 00:53:35,940
like poor and they don't know what's

1451
00:53:41,090 --> 00:53:38,430
going on and then the FBI swoops in and

1452
00:53:43,310 --> 00:53:41,100
bust them for something they created and

1453
00:53:46,340 --> 00:53:43,320
an interesting thing I saw was the

1454
00:53:47,630 --> 00:53:46,350
mother was on TV and she was giving an

1455
00:53:51,890 --> 00:53:47,640
interview and she was talking about the

1456
00:53:53,450 --> 00:53:51,900
FBI had been harassing her her son's for

1457
00:53:55,580 --> 00:53:53,460
years and they had been communicating

1458
00:53:58,940 --> 00:53:55,590
for years and so I guess one of the big

1459
00:54:00,980 --> 00:53:58,950
alternative stories is that maybe they

1460
00:54:03,170 --> 00:54:00,990
somehow got sucked into this situation

1461
00:54:04,790 --> 00:54:03,180
and they maybe they thought they had

1462
00:54:06,410 --> 00:54:04,800
bombs that weren't going to go off or

1463
00:54:08,330 --> 00:54:06,420
they were involved in the training drill

1464
00:54:10,700 --> 00:54:08,340
and then all of a sudden they did go off

1465
00:54:12,530 --> 00:54:10,710
or maybe you know there's also some

1466
00:54:15,650 --> 00:54:12,540
stuff with this these guys who had these

1467
00:54:18,200 --> 00:54:15,660
hats with the skull logo the craft logo

1468
00:54:19,970 --> 00:54:18,210
i believe is like a military contractor

1469
00:54:22,370 --> 00:54:19,980
like that was kind of suspicious that

1470
00:54:24,530 --> 00:54:22,380
they were there but it kind of fit in

1471
00:54:26,960 --> 00:54:24,540
line with trevor Aaronson's book of the

1472
00:54:29,480 --> 00:54:26,970
FBI kind of creating these situations

1473
00:54:31,610 --> 00:54:29,490
and creating Patsy's and then you know

1474
00:54:35,510 --> 00:54:31,620
busting their own people busting their

1475
00:54:38,450 --> 00:54:35,520
own setups well I haven't heard all that

1476
00:54:39,620 --> 00:54:38,460
much about that but definitely sounds

1477
00:54:42,380 --> 00:54:39,630
intriguing and

1478
00:54:44,480 --> 00:54:42,390
that's that right there a couple of

1479
00:54:45,920 --> 00:54:44,490
views that you would not have heard if

1480
00:54:47,600 --> 00:54:45,930
we didn't have the internet you know I

1481
00:54:50,090 --> 00:54:47,610
they certainly would not air that

1482
00:54:52,370 --> 00:54:50,100
alternative view exactly on the evening

1483
00:54:57,830 --> 00:54:52,380
news back in the you know 80s or 90s and

1484
00:55:01,400 --> 00:54:57,840
I saw a photo of the military

1485
00:55:03,410 --> 00:55:01,410
contractors with the skull hats on and I

1486
00:55:05,480 --> 00:55:03,420
didn't know where that came from but it

1487
00:55:08,900 --> 00:55:05,490
was certainly weird that that wasn't

1488
00:55:12,500 --> 00:55:08,910
talked about at all on CNN CNN or fox or

1489
00:55:15,470 --> 00:55:12,510
MSNBC is if that's not relevant that a

1490
00:55:18,020 --> 00:55:15,480
bunch of dudes and you know khakis and

1491
00:55:20,150 --> 00:55:18,030
military boots are wearing backpacks

1492
00:55:21,620 --> 00:55:20,160
right in that area she's up and

1493
00:55:24,260 --> 00:55:21,630
confirmed that those photos were taken

1494
00:55:25,910 --> 00:55:24,270
at that time it's tough to say man you

1495
00:55:28,670 --> 00:55:25,920
know because I'm skeptical of everything

1496
00:55:30,950 --> 00:55:28,680
there are liars on both sides so I I

1497
00:55:33,860 --> 00:55:30,960
liked I really love to digest the

1498
00:55:36,230 --> 00:55:33,870
conspiracy side but but what's true I

1499
00:55:37,550 --> 00:55:36,240
could never say so it to me it would be

1500
00:55:39,020 --> 00:55:37,560
impossible to really get that

1501
00:55:41,300 --> 00:55:39,030
information I mean you're a journalist

1502
00:55:43,610 --> 00:55:41,310
who does research you know you might

1503
00:55:45,140 --> 00:55:43,620
have a better idea of how you would go

1504
00:55:47,000 --> 00:55:45,150
about proving that but to me I'm just

1505
00:55:49,610 --> 00:55:47,010
like yeah I mean you just have to take

1506
00:55:51,230 --> 00:55:49,620
somebody's word for it or not it seems

1507
00:55:54,350 --> 00:55:51,240
like those pictures were taken at that

1508
00:55:56,710 --> 00:55:54,360
time well I don't know like the Boston

1509
00:55:59,060 --> 00:55:56,720
bombing the the other side of it is that

1510
00:56:01,060 --> 00:55:59,070
from some of the stuff I've seen these

1511
00:56:04,040 --> 00:56:01,070
were not very sophisticated weapons and

1512
00:56:07,580 --> 00:56:04,050
they're made from common parts and you

1513
00:56:09,380 --> 00:56:07,590
could have had a guy who was deeply guy

1514
00:56:11,990 --> 00:56:09,390
who was deeply disturbed and unhappy

1515
00:56:13,960 --> 00:56:12,000
with his move to America and you know

1516
00:56:17,810 --> 00:56:13,970
sucked his little brother into it and

1517
00:56:19,550 --> 00:56:17,820
was fueled by you know radical religious

1518
00:56:23,480 --> 00:56:19,560
ideology I think he had recently

1519
00:56:25,850 --> 00:56:23,490
converted to Islam so you have those

1520
00:56:27,350 --> 00:56:25,860
combination of factors you know we live

1521
00:56:29,660 --> 00:56:27,360
in a country where if you're a psycho

1522
00:56:31,160 --> 00:56:29,670
and you have access to certain materials

1523
00:56:35,210 --> 00:56:31,170
you can harm people you know we don't

1524
00:56:37,010 --> 00:56:35,220
have a minority report pre-crime bureaus

1525
00:56:39,950 --> 00:56:37,020
I think we're getting to that point but

1526
00:56:41,600 --> 00:56:39,960
we don't fortunately yeah and so you

1527
00:56:46,990 --> 00:56:41,610
know if your person America and you're

1528
00:56:53,030 --> 00:56:51,020
yeah I mean I'm with you it's it's an

1529
00:56:56,000 --> 00:56:53,040
unfortunate situation I

1530
00:56:58,040 --> 00:56:56,010
the fact that they they did just that he

1531
00:57:00,530 --> 00:56:58,050
did just convert to Islam apparently is

1532
00:57:02,570 --> 00:57:00,540
definitely eyebrow-raising considering

1533
00:57:06,020 --> 00:57:02,580
the narrative were given about Islam in

1534
00:57:08,120 --> 00:57:06,030
general ever since nine eleven but it is

1535
00:57:11,360 --> 00:57:08,130
it's so tough to know but those hats

1536
00:57:13,850 --> 00:57:11,370
really make me skeptical the FBI is the

1537
00:57:15,890 --> 00:57:13,860
mother talking about the FBI involved

1538
00:57:18,470 --> 00:57:15,900
with her kids for years is pretty makes

1539
00:57:20,570 --> 00:57:18,480
me pretty skeptical there's also a video

1540
00:57:22,970 --> 00:57:20,580
and this is one again you can't confirm

1541
00:57:24,680 --> 00:57:22,980
if it's real or not but the brother the

1542
00:57:26,930 --> 00:57:24,690
older brother of the official story is

1543
00:57:29,300 --> 00:57:26,940
that he died I guess getting hit by a

1544
00:57:30,770 --> 00:57:29,310
car by the younger brother fleeing the

1545
00:57:33,170 --> 00:57:30,780
scene or in the middle of the shootout

1546
00:57:35,510 --> 00:57:33,180
and all the chaos he died but there is a

1547
00:57:37,870 --> 00:57:35,520
video you can find on youtube of the

1548
00:57:41,360 --> 00:57:37,880
older brother completely naked in

1549
00:57:43,520 --> 00:57:41,370
handcuffs being being escorted around

1550
00:57:45,200 --> 00:57:43,530
the streets like you know getting put in

1551
00:57:46,490 --> 00:57:45,210
the back of a cop car and again you know

1552
00:57:49,190 --> 00:57:46,500
I've seen the guy he zapped he's a

1553
00:57:51,740 --> 00:57:49,200
pretty built guy it looks like him but

1554
00:57:54,290 --> 00:57:51,750
is it him i don't know but that's a very

1555
00:57:57,050 --> 00:57:54,300
I raising eyebrow raising video it's

1556
00:57:59,180 --> 00:57:57,060
kind of freaky well I think was also

1557
00:58:03,500 --> 00:57:59,190
freaky is I haven't seen that video I'll

1558
00:58:05,810 --> 00:58:03,510
check that out uh is how quickly the

1559
00:58:08,360 --> 00:58:05,820
media and certain members of the

1560
00:58:10,670 --> 00:58:08,370
government they seem to be excited by

1561
00:58:12,380 --> 00:58:10,680
labeling something as terrorism which i

1562
00:58:15,110 --> 00:58:12,390
think is [\h__\h] disgusting you know you

1563
00:58:17,660 --> 00:58:15,120
saw CNN tweet out like we're now we're

1564
00:58:18,830 --> 00:58:17,670
now able to call or like our editorial

1565
00:58:20,990 --> 00:58:18,840
decision has come down that we're now

1566
00:58:23,090 --> 00:58:21,000
calling this an act of terrorism yeah

1567
00:58:25,640 --> 00:58:23,100
you're like what this isn't you're not

1568
00:58:27,050 --> 00:58:25,650
like mediating some debate some

1569
00:58:27,860 --> 00:58:27,060
political debate you know like this

1570
00:58:30,770 --> 00:58:27,870
should it be something that you're

1571
00:58:31,940 --> 00:58:30,780
excited about doing and then after that

1572
00:58:34,310 --> 00:58:31,950
there is this huge head on like

1573
00:58:36,110 --> 00:58:34,320
terrorism in Boston and you have

1574
00:58:37,880 --> 00:58:36,120
politicians saying this is exactly why

1575
00:58:39,770 --> 00:58:37,890
we need to get sista passed and take

1576
00:58:41,630 --> 00:58:39,780
away your internet privacy so this

1577
00:58:43,850 --> 00:58:41,640
doesn't happen again so you just have

1578
00:58:46,010 --> 00:58:43,860
all these dishonest organizations trying

1579
00:58:47,570 --> 00:58:46,020
to profit from something that nobody

1580
00:58:49,880 --> 00:58:47,580
should profit from you know you should

1581
00:58:51,890 --> 00:58:49,890
put the people responsible for this in a

1582
00:58:55,010 --> 00:58:51,900
cage and that should be the end of it

1583
00:58:57,770 --> 00:58:55,020
you know mm-hmm agreed but that using

1584
00:58:59,600 --> 00:58:57,780
that using that terrorism label is the

1585
00:59:01,490 --> 00:58:59,610
justification that's what switches it

1586
00:59:04,640 --> 00:59:01,500
off in our minds that people should have

1587
00:59:06,290 --> 00:59:04,650
rights and rights to a trial I actually

1588
00:59:06,830 --> 00:59:06,300
thought that was suspicious whatever you

1589
00:59:08,590 --> 00:59:06,840
think about

1590
00:59:10,850 --> 00:59:08,600
911 I thought that was suspicious about

1591
00:59:12,560 --> 00:59:10,860
bin Laden because that was really the

1592
00:59:15,500 --> 00:59:12,570
first time that there was this

1593
00:59:17,840 --> 00:59:15,510
international terrorist and there was a

1594
00:59:19,280 --> 00:59:17,850
hit out on him and he wasn't going to

1595
00:59:22,100 --> 00:59:19,290
face any trial or anything like that

1596
00:59:24,920 --> 00:59:22,110
when in my view even if you think 911

1597
00:59:27,170 --> 00:59:24,930
was as just as cut and dry as they say

1598
00:59:30,920 --> 00:59:27,180
it was when I look at it the people who

1599
00:59:32,570 --> 00:59:30,930
were responsible for 911 died in the end

1600
00:59:34,820 --> 00:59:32,580
the hijacking you know they're the ones

1601
00:59:36,770 --> 00:59:34,830
who were responsible they overcame the

1602
00:59:40,310 --> 00:59:36,780
cockpit and the pilot and flew a plane

1603
00:59:42,410 --> 00:59:40,320
into a building that's who they died you

1604
00:59:43,670 --> 00:59:42,420
know so the whole idea of going on this

1605
00:59:46,070 --> 00:59:43,680
international manhunt I thought was a

1606
00:59:47,570 --> 00:59:46,080
little weird anyway but you know that

1607
00:59:49,900 --> 00:59:47,580
was the first time we saw a guy who was

1608
00:59:53,120 --> 00:59:49,910
not going to get a trial regardless and

1609
00:59:55,010 --> 00:59:53,130
ever since now that label of terrorists

1610
00:59:57,770 --> 00:59:55,020
is being brought domestically against

1611
00:59:59,000 --> 00:59:57,780
people like the the Dorner guy and these

1612
01:00:00,860 --> 00:59:59,010
two kids you know it's now just

1613
01:00:03,770 --> 01:00:00,870
something that puts a mental switch off

1614
01:00:06,170 --> 01:00:03,780
in the American mind that says okay we

1615
01:00:10,040 --> 01:00:06,180
can suspend habeas corpus and no trials

1616
01:00:12,920 --> 01:00:10,050
we just need to get this [\h__\h] yeah it

1617
01:00:14,660 --> 01:00:12,930
uh it is really scary like the same with

1618
01:00:16,160 --> 01:00:14,670
Guantanamo Bay people say well they're

1619
01:00:18,680 --> 01:00:16,170
the worst of the worst you shouldn't

1620
01:00:20,180 --> 01:00:18,690
even care about them I'm like okay but

1621
01:00:21,740 --> 01:00:20,190
who the [\h__\h] are they look let's get

1622
01:00:24,290 --> 01:00:21,750
some like what did they actually do

1623
01:00:26,180 --> 01:00:24,300
let's get some information is this some

1624
01:00:28,130 --> 01:00:26,190
kind of situation out of a comic book

1625
01:00:31,730 --> 01:00:28,140
movie is magneto down there and needs to

1626
01:00:33,560 --> 01:00:31,740
be kept in a you know anti-magnetic cage

1627
01:00:35,960 --> 01:00:33,570
think we're ahead why are these people

1628
01:00:37,850 --> 01:00:35,970
beyond the rule of law are they that's

1629
01:00:39,320 --> 01:00:37,860
scary like our justice system is dealt

1630
01:00:42,440 --> 01:00:39,330
with some pretty creepy people between

1631
01:00:44,060 --> 01:00:42,450
serial killers and people like Manson

1632
01:00:46,820 --> 01:00:44,070
you know like we've dealt with a lot of

1633
01:00:49,460 --> 01:00:46,830
[\h__\h] and for some reason these people if

1634
01:00:52,430 --> 01:00:49,470
it's unpatriotic to ask why they're

1635
01:00:53,780 --> 01:00:52,440
exempt from the basic rights that our

1636
01:00:55,790 --> 01:00:53,790
country is supposed to afford to

1637
01:00:59,750 --> 01:00:55,800
everybody and maybe that's part of the

1638
01:01:01,670 --> 01:00:59,760
reason why it's occurring on a on a base

1639
01:01:03,980 --> 01:01:01,680
in another country like that's the

1640
01:01:05,990 --> 01:01:03,990
shadiest agreement ever in a country

1641
01:01:08,960 --> 01:01:06,000
that we have an embargo against we're

1642
01:01:10,760 --> 01:01:08,970
like leasing land to put prisoners there

1643
01:01:12,380 --> 01:01:10,770
and torture them so we have some kind of

1644
01:01:15,050 --> 01:01:12,390
distance between that and us you know

1645
01:01:17,720 --> 01:01:15,060
it's just want on mobay it's it's a

1646
01:01:20,539 --> 01:01:17,730
creepy situation I think history is not

1647
01:01:23,089 --> 01:01:20,549
going to look back on this on this

1648
01:01:24,890 --> 01:01:23,099
I'm period in a good way you know it's

1649
01:01:28,219 --> 01:01:24,900
going to why didn't people speak up you

1650
01:01:30,859 --> 01:01:28,229
know why don't people even maintain a

1651
01:01:33,919 --> 01:01:30,869
minimum of curiosity as to what the [\h__\h]

1652
01:01:35,689 --> 01:01:33,929
is going on down there absolutely agree

1653
01:01:37,849 --> 01:01:35,699
man that's that's why we do the show as

1654
01:01:39,199 --> 01:01:37,859
we do but you know it looks like we're

1655
01:01:40,699 --> 01:01:39,209
getting to the top of the hour it's been

1656
01:01:43,039 --> 01:01:40,709
a great conversation I feel like I

1657
01:01:45,140 --> 01:01:43,049
learned a lot about Bitcoin and if I do

1658
01:01:46,729 --> 01:01:45,150
start throwing my money into it and it

1659
01:01:48,140 --> 01:01:46,739
really pops off and I make a couple

1660
01:01:50,150 --> 01:01:48,150
million that that would probably make

1661
01:01:52,339 --> 01:01:50,160
you the most influential person in my

1662
01:01:54,169 --> 01:01:52,349
life and that's saying something so you

1663
01:01:56,509 --> 01:01:54,179
know thanks for dropping knowledge on us

1664
01:01:57,739 --> 01:01:56,519
if there's ever a way you'd like to

1665
01:01:59,449 --> 01:01:57,749
collaborate in the future you know you

1666
01:02:01,219 --> 01:01:59,459
know where to find me maybe you can come

1667
01:02:03,589 --> 01:02:01,229
back and give us a bitcoin progress

1668
01:02:05,329 --> 01:02:03,599
report sometime in the future but it was

1669
01:02:06,650 --> 01:02:05,339
a pleasure to make your acquaintance

1670
01:02:08,329 --> 01:02:06,660
pimp and if there's anything you want to

1671
01:02:11,959 --> 01:02:08,339
leave the people with maybe your website

1672
01:02:14,239 --> 01:02:11,969
or maybe your ebook yeah it's been a

1673
01:02:15,910 --> 01:02:14,249
great conversation I definitely want to

1674
01:02:17,719 --> 01:02:15,920
do it again sometime I'll have you on

1675
01:02:19,519 --> 01:02:17,729
when you have some time you should come

1676
01:02:22,130 --> 01:02:19,529
on my show will do the same thing for

1677
01:02:23,989 --> 01:02:22,140
sure but yeah so I mean if all of your

1678
01:02:25,370 --> 01:02:23,999
listeners were to put you know five

1679
01:02:27,499 --> 01:02:25,380
hundred dollars or four hundred dollars

1680
01:02:29,599 --> 01:02:27,509
or even three hundred dollars whatever

1681
01:02:30,919 --> 01:02:29,609
you can afford if everybody were to put

1682
01:02:33,109 --> 01:02:30,929
just a little bit of money in the

1683
01:02:34,339 --> 01:02:33,119
Bitcoin it would take off and it

1684
01:02:36,890 --> 01:02:34,349
wouldn't matter how many mainstream

1685
01:02:38,900 --> 01:02:36,900
media hit pieces come out saying that

1686
01:02:40,699 --> 01:02:38,910
it's dangerous and it's unpatriotic and

1687
01:02:43,279 --> 01:02:40,709
all this nonsense it just wouldn't

1688
01:02:45,709 --> 01:02:43,289
matter because if people use it then it

1689
01:02:48,259 --> 01:02:45,719
takes off and you would just [\h__\h] the

1690
01:02:49,579 --> 01:02:48,269
traditional banking system and allow

1691
01:02:51,620 --> 01:02:49,589
people to have control over their own

1692
01:02:53,329 --> 01:02:51,630
finances where you know when you store

1693
01:02:55,370 --> 01:02:53,339
money in Bitcoin it can't be stolen from

1694
01:02:57,410 --> 01:02:55,380
you in the form of inflation can't be

1695
01:02:59,449 --> 01:02:57,420
done in the bank seizure like in Cyprus

1696
01:03:00,890 --> 01:02:59,459
it's just your money at that point and

1697
01:03:04,969 --> 01:03:00,900
you can use it however the hell you want

1698
01:03:08,989 --> 01:03:04,979
with you know very minimal fees when you

1699
01:03:12,199 --> 01:03:08,999
do so and yeah so if you want to check

1700
01:03:15,829 --> 01:03:12,209
me out I'm at David Seaman net and the

1701
01:03:18,109 --> 01:03:15,839
book is on amazon kindle store it's

1702
01:03:21,739 --> 01:03:18,119
called total abundance total power it's

1703
01:03:25,640 --> 01:03:21,749
about how technology and communication

1704
01:03:27,109 --> 01:03:25,650
is changing the world nice yeah that's

1705
01:03:28,279 --> 01:03:27,119
uh you know not to go off on a whole

1706
01:03:29,660 --> 01:03:28,289
nother thing but that's a big part of

1707
01:03:32,239 --> 01:03:29,670
the giant conspiracy is that the

1708
01:03:33,430 --> 01:03:32,249
possibility for abundance is there in a

1709
01:03:35,020 --> 01:03:33,440
lot of ways in different

1710
01:03:37,809 --> 01:03:35,030
vectors energy being one and that it is

1711
01:03:39,970 --> 01:03:37,819
being suppressed and that there's a

1712
01:03:41,770 --> 01:03:39,980
battle between the technology and the

1713
01:03:43,990 --> 01:03:41,780
structure we have because people are

1714
01:03:46,240 --> 01:03:44,000
getting replaced by machines and now

1715
01:03:47,650 --> 01:03:46,250
those people don't have jobs and that

1716
01:03:50,710 --> 01:03:47,660
means those people can't even live in

1717
01:03:53,020 --> 01:03:50,720
our society so that title alone total

1718
01:03:54,849 --> 01:03:53,030
abundance total power I think is you

1719
01:03:57,069 --> 01:03:54,859
know pretty important I definitely agree

1720
01:03:58,660 --> 01:03:57,079
with that yeah it's like you're it's

1721
01:04:00,069 --> 01:03:58,670
like your alien example if aliens came

1722
01:04:01,569 --> 01:04:00,079
to this planet and going to be kind of

1723
01:04:03,790 --> 01:04:01,579
surprised by the whole idea of money

1724
01:04:05,880 --> 01:04:03,800
because once we get to a point where

1725
01:04:08,290 --> 01:04:05,890
energy is abundant and where

1726
01:04:12,220 --> 01:04:08,300
communications technology is used by

1727
01:04:14,020 --> 01:04:12,230
everybody liked by 2020 I think three

1728
01:04:16,120 --> 01:04:14,030
billion additional additional people

1729
01:04:18,760 --> 01:04:16,130
have access to the Internet once you

1730
01:04:20,050 --> 01:04:18,770
have those kinds of things we're only

1731
01:04:23,260 --> 01:04:20,060
talking about a generation or two

1732
01:04:25,390 --> 01:04:23,270
between us and kind of like a real star

1733
01:04:27,300 --> 01:04:25,400
trek future you know as it is now we got

1734
01:04:30,069 --> 01:04:27,310
homeless people begging for change

1735
01:04:31,809 --> 01:04:30,079
outside of a grocery store stocked with

1736
01:04:33,940 --> 01:04:31,819
groceries while they're throwing away

1737
01:04:37,150 --> 01:04:33,950
expired stuff in a locked dumpster out

1738
01:04:39,069 --> 01:04:37,160
back that doesn't make any sense haha

1739
01:04:41,020 --> 01:04:39,079
either way you know thanks again man

1740
01:04:42,670 --> 01:04:41,030
we'll stay in touch and best of luck

1741
01:04:44,020 --> 01:04:42,680
fighting the good fight it's been

1742
01:04:46,839 --> 01:04:44,030
awesome your tell the people your

1743
01:04:50,230 --> 01:04:46,849
website is yeah my websites David Seaman

1744
01:04:52,150 --> 01:04:50,240
dotnet perfect easy to remember all

1745
01:04:54,099 --> 01:04:52,160
right man well hey enjoy your day thanks

1746
01:04:56,800 --> 01:04:54,109
for coming on the show all right you too

1747
01:04:59,380 --> 01:04:56,810
thank you alrighty there we have it our

1748
01:05:01,450 --> 01:04:59,390
side shatters David Seaman of the David

1749
01:05:03,700 --> 01:05:01,460
Seaman our check him out he's a good man

1750
01:05:05,349 --> 01:05:03,710
charlie brown thanks again all you folks

1751
01:05:07,450 --> 01:05:05,359
that are sticking with me my stupid

1752
01:05:09,880 --> 01:05:07,460
sonor show again I'd love to see some of

1753
01:05:12,099 --> 01:05:09,890
you out there conspiracy con June 1st

1754
01:05:14,260 --> 01:05:12,109
and 2nd out in the San Francisco ish

1755
01:05:15,670 --> 01:05:14,270
area some of you've already emailed me

1756
01:05:17,290 --> 01:05:15,680
that you're going to be there super

1757
01:05:18,790 --> 01:05:17,300
excited I might need someone to help me

1758
01:05:21,339 --> 01:05:18,800
film some stuff so let me know about

1759
01:05:24,819 --> 01:05:21,349
that too please share the show wherever

1760
01:05:26,950 --> 01:05:24,829
you can review THC on iTunes donate if

1761
01:05:28,870 --> 01:05:26,960
you get that special feeling or buy

1762
01:05:30,760 --> 01:05:28,880
yourself a t-shirt at conspiracies done

1763
01:05:32,680 --> 01:05:30,770
it I appreciate everything that each and

1764
01:05:35,200 --> 01:05:32,690
every one of you do to help me get this

1765
01:05:36,970 --> 01:05:35,210
show going and growing we have so many

1766
01:05:38,200 --> 01:05:36,980
listeners now that I actually get a bit

1767
01:05:40,420 --> 01:05:38,210
nervous when I think about how many

1768
01:05:44,020 --> 01:05:40,430
people are tuning in so this is a good

1769
01:05:47,050 --> 01:05:44,030
thing but one example out of the 15,000

1770
01:05:48,520 --> 01:05:47,060
shows on stitcher smart radio 2 HD is

1771
01:05:50,170 --> 01:05:48,530
now in the top four hundred and that's

1772
01:05:52,180 --> 01:05:50,180
only about twenty percent of our

1773
01:05:56,380 --> 01:05:52,190
listeners tuning in on stitcher as their

1774
01:05:58,860 --> 01:05:56,390
platform so [\h__\h] but anyway enough of

1775
01:06:01,120 --> 01:05:58,870
that I'm getting myself hard already

1776
01:06:03,220 --> 01:06:01,130
next week we'll be talking to foster

1777
01:06:05,140 --> 01:06:03,230
gamble of the Procter & Gamble family

1778
01:06:07,090 --> 01:06:05,150
the creator of the movie thrive which I

1779
01:06:09,400 --> 01:06:07,100
recommend all of you check out it'll be

1780
01:06:10,360 --> 01:06:09,410
a good precursor to the to the interview

1781
01:06:12,480 --> 01:06:10,370
you'll know what we're talking about

1782
01:06:15,550 --> 01:06:12,490
he's also one of the main speakers at

1783
01:06:17,920 --> 01:06:15,560
conspiracy con conveniently it's all