Today, we have Adam Bitcoin in the house.
I've been interacting with Adam Bitcoin now for a few weeks.
Super fun guy, super cool, and he shares our ethos too.
And we're going to get into all that stuff, but you guys know the drill.
We're going to get our introduction going.
We're going to transition to Kenton, and then this party's going to get started.
Okay, you guys, as you may have heard or you haven't heard,
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You can swap Bitcoin with 10 different blockchains across 40 different pools
without using bridges or WRAP tokens.
Super important, you guys.
Check it out at swap.thorchain.org.
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There is no account open.
That's how it's always going to be. ThorChain has two tokens, you guys, RUNE and TCY. The fees for swapping on ThorChain
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on those platforms. And always remember, guys, this podcast is for informational and educational purposes only and does not constitute financial investment or legal advice. And with
that out of the way, you guys, I'll give you a quick introduction to myself. My name's Denny.
I go by Patriot Sounds. I also help with the runebon.com. I've been doing this for half a
decade now. I love it. I can't get enough of it. I'm addicted. We're going to keep doing it.
Kenton, I'm going to kick it to you. What's going on, Kenton?
Yeah, good. I'm just trying We're going to keep doing it. Kenton, I'm going to kick it to you. What's going on, Kenton? Yeah, good.
I'm just trying to stay warm.
I'm in my friend's garage.
And, yeah, sorry I missed Thursday, you guys.
Our Masari dashboard for ThorChain will go live on Monday.
And so we'll have all like a bunch of metrics.
It's similar to the Dune dashboard, but on Masari.
And so if people are looking up ThorChain on Masari
and they click on it, whatever,
they can come see our dashboard
with all our metrics and everything,
like our volume, revenue, users, all that kind of stuff.
And we will have a link, a live link,
that people can share and use and whatnot.
But the main thing is we'll have the ThorChain,
our data inside Masari now,
where analysts looking up different metrics,
ThorChain will start popping up.
So we got a few seats on Mas sorry i gave a seat to ray at ray analytics so uh you know if
he wants to start pulling some numbers off there maybe he'll have some new charts to show it to
share with us um so it'll be cool looking forward to that next week and uh yeah looking forward to
chatting with adam getting to know you man um so maybe can, I'll kick it to you here if you want to give a little intro about yourself. All right. Now you put me on the spot right there.
What am I supposed to say? How does it sound like you even use yourself?
All right. Well, I'll just say, you know, basically, you know know a little bit about me i guess is that i got into crypto around
like 2014 end of 2014 uh i was told about it earlier than that a couple years before that
but i just didn't really know or understand it you know at that time i was looking into investing
and you know obviously i'm about freedom and stuff like that so
it just kind of naturally all clicked and made sense and yeah you know I just
really I guess we'll see how this conversation goes but you know I think
that we could also talk about how things have changed a lot since then how it
used to be you know and and based on marketing and
narratives and stuff and that's why i really like uh thor chain or you know thor swap all this stuff
because they are like with the decentralized ethos and trying to teach people the right way
where a lot of people don't really understand anymore because maybe they're confused about things and don't really understand crypto
in general i guess you know so uh or bitcoin you know whatever you want to say um but yeah i guess
what else i don't know that's that's about it you you look cold where you where you at
i'm actually in san diego or east just east of san diego so it should be warm it'll get really
it's cold it's cold over there well it get warm. Really? It's cold over there?
Well, it's because it's early in the morning.
And once the sun's coming out, it'll warm up.
No, no, I was going to say, I remember going to California from New York.
And my cousin, you know, it was like 60 degrees.
And he's dressed like you, wearing gloves and shit. I'm like, bro, try coming to New York and my cousin you know it was like 60 degrees and he's wearing like dressed like you wearing gloves and shit I'm like bro try coming to New York like what the hell are you talking about
yeah my friends here but I get it now though
I'm actually Canadian so my friends here are teasing me like oh you're supposed to stay warm Canadian is a good
about complaining about that
do you consider yourself like a libertarian or an
yeah how are you into freedom
I'm just me you know I don't really... I don't really, like... I'm just me, you know?
I don't really focus on that, like, political type shit or whatever.
Like, you know, like, libertarian-ness, that, you know?
Like, I just, you know, I just...
I just see the things in the world and see like the crazy things that they that that these
people do to people and you know because people things have been done to me and you know i just
don't like you know just just yesterday i'll talk about it real quick you know like i don't really
want to be too crazy but whatever you know it's like so this this place where i'm at right now
you know it used to be like total freedom. Everybody happy, everybody, you know.
But now you see the same exact things that are happening in the United States.
You know, like the guy just standing there, minding those business, not doing anything.
And then they go search him and arrest him for fucking nothing, you know.
I just, like that type of stuff I just really don't like because I know that, like, yeah, okay.
Some guy that's a thief or some guy that's doing some dumb shit or whatever, like, yeah, of course, maybe he
should, like, be in trouble, but, like, you know, I just don't like how, like, like, anyone that
undermines this type of system or something, they try to paint you as a bad guy while they're doing
the same thing or worse, you know, so that's,'s like that's just really what I mean, you know, like I don't know. I just yeah
So that's a be said here in Bitcoin 2014 now things are different then versus now
Maybe get you can you maybe like drill into that a bit?
Because I think that everybody came into
Because I think that everybody came into Bitcoin or like crypto thinking that
All this is gonna be the new money
We're gonna, you know change the world with this this and that and now it's just turned into a giant like
Like pump and dump let's say you know like they i mean like obviously i i understand
that there's cycles and you know like if there's more buyers and sellers and things can change but
it's like you know anybody who's been in crypto knows that what back in the day before big money
got involved ever all the people bought the same coin and we
And of course, yeah, if you're late, then you could lose money.
Everybody always lose money because it's crypto.
But the majority, you know, you didn't have to do anything.
You bought the coin, you waited two years, and then all of a sudden your thousand dollars
turned into fucking fifty thousand dollars.
And you're like, oh, cool.
Good investment, you know.
And now it's just all scams and pump and dumps.
And it's like, unless you are part of a team
or on the inside of this whole thing
or you know the news beforehand,
the chances of making money are very slim, almost none.
So it's like people don't even understand how it used to be and how it changed.
But, you know, I know that the reason why it changed is due to the marketing, you know, it's due to these biggest accounts, these biggest people that are trying to change the narrative and you know it's like like like you go to some of these accounts i should i should say it but whatever i don't really you know it's like you go to some
of these accounts and you see them like oh the price is pumping it's time to long you know like
saying all these things because they're just lying to you so they could dump on your head tomorrow
you know and they're trying to get all these unsuspecting people in so they can steal your money, basically, you know, so it's like, it's,
it's, it's, it's like fucked up, you know, but it's like, that is what the market is now. So
it's like, you know, you have to realize that and adapt. And as much as you don't like it because you want everybody to
fucking make money the fact of the matter is that like now it's just a totally different market and
you know unless unless you're like starting your own projects or or you have your own team or
something like that then it's very hard to make money you know so it's just i like back in the
to do anything all you had to do was just buy and then now you can't really do that anymore
you know what this reminds me of kenton this reminds me of something you said earlier on a
previous live stream you said the conversations back when you first got into you know bitcoin
crypto blah blah blah were so interesting right like we're here to change the world we're here
to free the world we're here to address this fiat money problem. But now today, when you juxtapose those conversations,
today's conversations, it's like ETFs, it's derivatives. It's the very thing that we were
trying to push away from. Right. And so everyone's like, where did that fire go? Where did that
passion go? Where, where did this ethos of really moving the needle and changing the world and
freeing the world instead of just number go up, adam is saying um and yeah i resonate with that well it's like where did all
these people go well they're in various teams they're on thor chain they're on my protocol
they're adam still retains that ability right um and i really like what you said adam in the
beginning about educating and correcting things because there's a lot of things said because in
the beginning and this is not not your fault at all this is something that kenton and i have been trying to fix is like you know
what is thor chain what what are the real protocols like you mentioned thor swap thor swap is a is a
third party of thor chain they do have support thor chain but they also do other centralized
extensions as well and now the the official interface is swap.thorchain.org right um and
there's there's this always And there's always this,
there's so much to learn with the space.
That's why the friction is so high.
And that's why I'm so glad you're here, Adam.
So not only we can learn more about you,
but you can hopefully learn a little bit more about us as well.
So yeah, Adam, one thing I heard you say
in a previous space is, you know,
you got into Bitcoin for the reasons that you have said,
but then you also talked about XMR, right? And because you believe in privacy, it's like that. So where do you stand? Are you,
do you think of XMR as the real Bitcoin now? Or do you still, are you still like into Bitcoin,
but you have a head nod towards XMR? Maybe you could break that down a little bit for the audience.
Well, I mean, I just, I just like XMR. I think that it's, you know, I think that it's really good. The thing is that, like, I've realized over time and like, even like within the last like, two, three, four months, whatever it is, you know, like, is that Bitcoin, you know, was supposed to be like digital cash, the coin for the people.
And, you know, I saw the whole thing happen where people were trying to, you know, change the block size and then this and that.
And like I said, everything, all this stuff comes down to who has the stronger marketing.
And obviously the bad guys won.
So, you know like like i myself
was psyoped in this whole thing you know you sit there looking at them like blocking everybody else
out saying oh this is a shit coin oh this is a fucking scam oh this is that oh this is something
but in actuality these were the guys that were trying to do good, but they just didn't have the strong enough marketing because they didn't really own the channels.
They didn't own these things.
So they got just like, you know, blocked out by all the other people.
back to that you know I don't really you know I don't know like the technicals enough let's say
because you know I know that you know they're I don't really you know I don't know just just
crypto in general I think has a lot of flaws at the moment still and it's just kind of like more of change or you know it's instead of changing into instead
of changing into the you know freedom money that it was supposed to be now it's changing into a
casino and a death trap you know usdt usdc they could steal all of your money and they do it all
the time you know the cex's they could steal all your money and they do it all the time you know the cex's they could steal all your money and they do it all the time
you know so all of these things that are so bad for crypto but they have the loudest voices and
you know people just don't do your own research and they just believe whatever the they
see their their favorite influencer says and so like i mean yeah i kind of been going
over the place that kind of i guess all makes, all makes sense, you know. But, like, Monero, look at it.
It's been going up because a lot of centralized exchanges are, you know, it's getting taken off of centralized exchanges.
So it's been doing pretty well compared to a lot of things.
It's like, you know, so I'm like, okay.
I mean, I think it's like you know so i'm like okay i mean i think it's still slow it's not really the the best thing either but it's like i don't know you know i just think about
this i'm like at this point i i was i was a bitcoin maxi for a very long time and it made
me miss out on a lot because if this is just about money and not even about freedom i mean
obviously it is about freedom too but you know what i'm saying it's like so why would i just sit here and hold bitcoin my whole
life when i could get a meme coin that goes a thousand x in one debt you know like it doesn't
make sense so and i'm like also like something that i said you know i was like i'm joking about
it obviously but i'm serious i'm like why would i send you bitcoin and wait 15 minutes
when i could send you fart coin and it takes 15 seconds like you know fart coins better
like you know like like it doesn't even make sense like oh it's more decentralized
who gives a it still works it's not nobody's stopping it so like, you know, I used to, I don't know,
I've just, the past couple of months,
I've been really changing my mindset a lot.
And it's like, obviously I'm joking about a lot of things I say,
but like, I'm still serious at the same time.
You mentioned XMR, Monero going up
because it's being delisted by central exchanges.
Do you think that the reason price is going up
is because the sexes don't actually have the Monero?
So when their customers are withdrawing it,
they have to basically go buy it to then deliver it.
And that buy pressure is driving up the price.
Were you alluding to that?
Well, that's exactly what I keep telling people,
the same exact thing that you just said. said i said listen it makes sense if your money is not you
know all these people all these bitcoin holders they or you know they think they're like you know
bitcoin holders and doing you know like bro you're buying an etf you're putting your money on a cex
basically that means you have no fucking money so imagine that
nobody put their money on etfs nobody put their money on cex it was all in their wallets and then
people started withdrawing from the cex the cex has to buy the bitcoin to pay them back so the
price goes up it's very fucking simple you know it's it's not hard to understand but but for some
reason people think that the etf is bullish they're
fucking retarded sorry i don't know if i can say that stuff you can say retarded it's okay don't
worry about it because there's a lot of things in our space but we're trying to de-retardify it if
that makes sense and that's not a word but yeah now it is right yeah that's what we do we We're gonna read in the podcast D-retardify
I used to go to this guy's spaces
You know, this guy gets me like madder than anyone
I mean, I'm not mad, I don't really care
But like, you know, it's like fucking this guy
Is shilling CEX referral links
That already stole everybody's money with the loan program Like cex that already stole everybody's money with the loan program
like so they already stole everybody's money and you're still fucking promoting them like well
like it's it's like when will you learn it's it's it's it's crazy adam this is why i reached out to
you right i paid attention to your to your spaces okay and i'm like well this guy shares our ethos
right and so you don't identify as a libertarian. And like, that's what it is when you have a label yourself, like the definition
changes, right? Like what is, what is this? What is that? And it's always a constantly morphine
thing. You are yourself. Right. And to give it home to the audience, you know, Adam, I firmly
believe you believe in no KYC, you believe in permissionless, you believe in decentralization.
Those are the three pillars, right? That's what everything has to be. And permissionless, I think,
is the most important thing, right?
We have to make our infrastructure neutral
to remove the state from that.
So that's why we love talking to you
rather than some other, you know, figures.
And honestly, you should be much more famous
because the things you said,
I see people doing, I'm like,
Why are you shilling a centralized exchange?
Just do you, you know what I mean? The centralized exchange is the coping mechanism that we invented because, you know, the peer to peer element of Bitcoin just wasn't ready yet.
But we fixed that. So what are you doing? So that resonated with me so much, so much more.
And by the way, I want to just quick pivot. You have a website, Adam. I want to make sure this is set. LearnBitcoinFast.com. Would you like to tell us about that real quick?
Yeah, sure. You know what? So and that's you know, it actually goes back to the centralization
problem as well there. You know, it's like, OK, so I wrote a book learn bitcoin fast which teaches people how to get into bitcoin
in a decentralized fashion p2p all stuff like that understanding everything and you know so
i wrote it i i basically i i wrote like the outline and was just working on it for a little
bit and then when i found found chat gpt
like maybe like six months ago a year ago whatever it was maybe i'm a little late i don't know
you know i was like oh let me just let me finish the book so you know i had i i wrote the whole
thing i put it through chat gpt i fixed it what was missing i did it again you know rewrote it
did it a million times whatever but finally i came out with the book and then I wanted
to, I was like, you know what, I'm going to do it for free. I'm going to give it out for free,
but I want to put Google ads behind it. So at least I could get something for it,
you know? And I tried to do the Google ads and it just keeps denying me and there's no support.
You can't talk to anybody. you know finally i was just like you
know what fuck it i don't even care anymore i'm just gonna just put it out and just give it free
so you know so i so i just you know i put it up like about a week ago i didn't even announce it
yet i didn't even say anything so this is a good little announcement for people to to know about
it but uh yeah i i i put it out and then that's you know that's the thing and you know what the The other thing that you were just talking about, I think that maybe P2P infrastructure wasn't really ready, but I guess it kind of was. I just think that they got rid of it because they want to control the inflows and outflows of it. That's why LocalBitcoins is gone now.
the inflows and outflows of it.
You know, that's why local Bitcoins is gone now.
You know, so like I'm sure that they were getting threatened
with jail, lawsuits, whatever, all this shit,
and they forced them to go out of business.
So, you know, yeah, it's, I don't know, whatever.
Well, I'm going to kick it to Kent in a second,
but I think the solution,
because we were talking about this in a previous livestream
decentralizing the domain in a way that it can't be taken down right um and i think hopefully that
will maybe something will come to bitcoin where you can have this peer-to-peer infrastructure
online that is essentially decentralized so there is no central party to attack so i hope i'm hoping
for that day so bitcoin get back to its roots but i'm kenson i'll kick it to you if you've got
but the pro you know what the problem is this though sorry sorry the problem is this too it's not necessarily it's that people are scared you
know like i say oh the first time i got my bitcoin i went to some guy in brooklyn and just you know
and they're like oh yo like you know like like it's some crazy thing like like they didn't just
go to western union yesterday and wait on a line to get money.
It's the same fucking thing.
You know, like, there's places in, you know, I mean, it's just less established.
But there's places in different places in the world where you can go to Western Union and just buy and sell USDT or something like that.
I mean, not necessarily Western Union, maybe like a money exchange or something like that.
But people don't even know that these things exist.
And they just think it's scary in general.
Like, oh, somebody's going to rob me or something like that.
Like, yeah, OK, like maybe your wallet's more transparent and this and that.
But it's like you don't go to work and then go home saying, oh, some good guy's going to rob me because I just made money.
You know, like it's like it happens.
And I'm sure it happens more in real life than it happens in crypto so
uh you know it's like i think it has to do a lot with fear people don't understand you know
yeah well said uh kenton you got something
um not really but i can i can kind of add to that or just like it's kind of like you mentioned
western union people standing in line to pay like 15 percent of their of their transfer and i'm like it kind of boggles me like why these people haven't
figured out stable coins yet i i agree with you obviously about you know tether and circle they
can freeze your funds but you know i still use them right you know at least for you know like
making payments whatever i'm really surprised that the average people
that use the Western Union,
they haven't figured them out.
And I'm curious if you have any thoughts on that.
like the people that crypto is meant for,
like the unbanked, right?
That was for me, that's what gets me excited.
Six billion people in the world
that are excluded from our system.
And they got to pay exorbitant fees or they just can't access it, period.
This was the promise of Bitcoin and crypto is that we have this egalitarian, equal system that we can all use and all be treated fairly.
that we can all use and all be treated fairly i'm curious if you have any thoughts like what what
like what's taking so long for the end bank for these people to start you know adopting the crypto
like do you have any do you have any ideas on that do you yeah or or maybe i mean maybe see
it differently maybe you think we are adopting it and i'm i'm missing out i don't see what how it's being done no I think I think that honestly I think that you know
two things first off like the United States they just don't really I think I mean there's it's
starting to get worse there but they don't know the solution to make things better and they don't
and they really they think oh I have the dollar it's the best currency in the world they don't really even know they don't really even understand
and then on the other side the people that actually might need it you know like maybe
people in Africa they're starting to use it a little bit but you know like I live in Colombia
and they don't use it you know maybe like people use it for some money transfers or something like
that but it's like you know like their banking system here in colombia isn't really too bad and these people
don't really need the money i mean obviously everybody needs the money but they're like the
poor people are okay with being poor if they have food and they have a place to live they don't
really care so it's not really something they're even that worried about you know so it's
like you know i would say the same thing for africa whatever you know like it's like you know
if you're like i lived in in like the barrio in like a poorer neighborhood and if they don't have
money they just call their their aunt or their grandma around the block hey can you bring me a
plate of food for dinner yeah no problem they just bring it to them so it's not like that's not really what they care about that much because they're not really
controlled in most places so it's not it's not like you know like like what some of us have seen
some of us think about and the places that are controlled you know it's like the matrix where
you know my mom who's the teacher that goes back and forth to work every day, she thinks life's good. She has no clue about anything else. She doesn't even
believe it, you know? So it's like, I don't know. I just think that, that people, they either don't
need it or they don't even realize it. And, you know, it's, they're just so accustomed still to
the old things that it's just, that's why it's taking so long to catch up.
I think perhaps it's going to take a point in history that may come soon of
Where there is a deep pegging when it could like full crazy deep pegging of
purchasing power and fiat currencies around the world.
I mean, if something's coming, right.
And you can, I don't know how far you can, you know, twist this rope until it snaps. Right. I mean, something's coming, right? I don't know how far you can,
you know, twist this rope until it snaps, right? I mean, $40 trillion in the US. I know other
countries are in similar predicaments. I think the key is we got to be ready for these people.
Most of them are going to be wildly unprepared, wildly unprepared. But we do our best, right? So
I think if we can go ahead, Kenton. No, no, sorry.
I was going to just jump in.
But you mentioned about a necessity when people realize they need it type deal.
Like I do remember when the trucker protests in Ottawa, that did wake some people up.
They're like, whoa, government, Canadian government is freezing bank accounts.
And then that's then that like that fear that like you know well what's going on here people
started didn't working up I know some people started waking up like well maybe
this Bitcoin thing there's something to it and but I think you're right it's it's
you know I'm guilty of it too I'm sure you guys are like we only really kind of
change our ways and only when we absolutely have to.
And sometimes it's a bit too late.
And you're probably right.
It's probably going to be
when they actually really need it,
like their local currency is collapsing or whatever,
or maybe they have to make some kind of
international payment that they just can't.
And I'm like, okay, I've got to figure out
how to use stupid stable coins or stupid Bitcoin.
I know one guy guy he got into bitcoin because his um his laptop was hacked
and or something like this and remember back in the day hackers were demanding payment in bitcoin
and um so he had to go get bitcoin to like unfreeze his laptop or something like this and he i don't pay him five
grand and it worked and he gave the five grand and the hacker unlocked his laptop or something
like this and it was fine um but that got him into crypto understanding it all so um um yeah i think
i think you guys are probably unfortunately you guys are probably right that it's gonna take
it's a bit more pain or suffering to force people to get into it.
So I just hope people don't have to wait, though, wait until it's too late.
They can be a bit more proactive like us.
I mean, it's like the S-curve adoption of the smartphone, right?
It's different because this is a tool.
You can interact with it.
It immediately adds value to your life.
And people use it in front of you.
With something abstract, digital, like crypto, it's just something that's not tangible for people to interact with.
But, you know, I think it's coming, you know, people being able, I think, you know, especially like projects like Mocha and other and maybe like Beor Labs as well, right?
Where people will be saying, hey, I paid with crypto.
I think once it starts getting more mainstream, that's going to be adopted.
But I just think because it's something that's not physical, as simple as that sounds, I think that is that is going to lead to a much slower adoption.
Right. And I think a lot of unfortunately, a lot of people just don't understand abstract things like this.
Not to sound like I'm super smart or something, but you know what I mean?
It's this is a different primitive. But yeah, Kenton. Yeah, Adam, I think I think they are going to wait until until they absolutely have to.
Unfortunately. Yeah, exactly.
So Adam, you mentioned earlier, like, you know, like the Bitcoin ETF and I assume maybe the futures market, all these other, all these like Bitcoin treasure companies, stuff like that.
Do you view those as like delaying the adoption of Bitcoin?
Because these paper products are soaking up the demand instead of people buying physical Bitcoin.
So do you see these paper proxy as like delaying everything?
And it's just, I think it's just, it's basically misinformation, you know?
And I think that, like, it's kind of, I think, you know, listen, if you look back in history, you know, the governments have made it illegal to hold gold and stuff like this.
And I've been saying for a very long time that, you know, they're going to take away the withdrawal
button from Coinbase and they're going to say, oh, if you want to trade Bitcoin legally in the U.S.,
you need a series whatever, series seven, series eight, whatever the new one is that they're going
to make. And they're going to and they're going to make it illegal to hold Bitcoin or use Bitcoin for real. Oh, you have
to do it in your 401k or, or something like that, you know? So, you know, it's, it's, it's,
I just think that it's a lot of like misinformation and who knows how many Bitcoin or fake Bitcoin
they're even selling now these days as well. You know, we don't know with all the cex is all of the you know
there has to be it has like there's no way that that there's only you know i mean obviously i know
there's only 21 million bitcoin but you know there's no way that they're only selling 21 million
bitcoin because the price would be through the roof by now i i i don't you know i don't believe
it like there's no way yeah derivatives right that's what they're using right to manipulate
the market as they've always done.
It's like Kenton said, you know, if you have, you sell gold in a bank,
but you start selling paper gold on slips, right?
It's real easy to make more paper gold than there is gold in the vaults.
And when you go to redeem, well, SOL, as simple as that.
I mean, we keep making this mistake again and again.
And that's why it's so perplexing to me that more people are not calling out these derivatives these etfs it's just it's the system that we're trying to get away from
it it boggles my mind now bogs my mind yeah no it's just because these people are just
they go go what's that no you go ahead, no, I just think they're either...
Like, one, there's big accounts that are plants that are spreading this misinformation.
And then two, there's just super uneducated people that are buying it and spreading this information and three is their fiat maxis they
don't care about crypto so if they can shield their centralized exchange and get people in
with their referral links so they can make some fucking free cash that's all they care about so
you know that's that's the problem you know and then it's like and then the other problem which I mean now this is what I'm saying
is like it's the fact of the matter and the fact of the market at least it's decentralized at least
it's decentralized let's say but like you know is the new way for people to make money in crypto is
pumping dumps with fucking with meme coins so only if you know the people and you're in on that team doing it you can make
money but there is no other way to make money in crypto anymore unless you're in the memes and in
the know or you like create some sort of platform or something like that you know like you have a
swap or whatever something you know and you can make money through it but you know like like the
old days of just buying a coin and everybody holding together is not there anymore because now everybody changed the ethos from hold to sold and everyone should just sell and get cash.
So it's like, so everything is just completely changed now that it used to be just from basic misinformation and just, you know, the turn of events of everything that happened.
and just, you know, the turn of events of everything that happened.
Kenton, did you have something you wanted to say?
No, I was just, yeah, I was just going to add to something earlier about,
well, I was kind of lost in my train of thought,
but one of you guys mentioned something about centralized exchanges
and not having custody, like, not real Bitcoin, I think.
I can't remember exactly what I'm saying,
but all right, but this for us,
like the ThorChain community,
like this is what we get worked up about is like,
you know, how are more, you know,
Bitcoiners should love ThorChain, you know,
the real crypto people in general should love ThorChain
because everything is self custody, right?
There's no double accounting, no paper or anything.
It's all real Bitcoin in your wallet.
And, you know, we, you know, our community is like,
how do more people not, like, recognize this?
Or how do more people not want to use this, right?
And it's confusing because, like, you know, this is the whole point of crypto.
This is what, you know, this was the promise, you know, 10 years ago type thing. Because this is the whole point of crypto. This was the promise 10 years ago type
thing. So obviously we want people to know about the art chain and people to use it.
We want the room price to go up. We all want those things. But the reason we think all
those things are going to happen is because this is like the real deal.
And it's shocking that more people aren't paying attention or don't recognize.
And I just, you know, it's kind of sad.
It's kind of frustrating, you know, that everyone's just happy with their CEXs. They're happy with their paper, Bitcoin.
And, yeah, it's like, what else do we got to do to kind of like you know wake people up
adam do you remember that space we had on x and it was uh he was like an east east coaster maybe
he was new york as well i was in the bronx i can't remember but we were both talking to him
and uh he was you i think it was what was it it was crypto.com right and he he was so infatuated
with crypto.com he says hey you know like i've got my assets
crypto.com i'm investing in what is it crone or whatever their asset is i don't even know
and you're and we're explaining to him it's like hey man like you know like you don't own those
assets like they're that's not real it's it's a data point on a ledger and you can't guarantee
the solvency of that ledger what happened with ftx what happened with you know mount gox blah blah
blah right and he just kept reverting, reverting.
We would both break his points down in the most granular, easy to understand level.
But he kept saying, but Crypto.com is good.
And I was like, oh, my God, this person is truly unreachable.
I was like, I honestly was wondering if they're even technically alive, bro.
Because it was like, come on, dude.
logic be any more obvious are you even alive like i don't i don't understand like it was crazy and
and i guess those people we won't reach until they get rugged but man i just i gotta think that
there's more people out there who are just led astray by the by the people that you mentioned
earlier adam yeah no that that's, that's the thing, exactly.
But the thing is, is that they're not, you know,
like, I think that we also give people too much credit,
like, because they, you know, I mean,
because myself included, I fucking bought a million memes,
got rugged a million times before I realized that it was a fucking scam, you know i mean because myself included i fucking bought a million memes got rugged a million times
before i realized that it was a fucking scam you know so it's like so so these people you know they
lost all their money with celsius or with these loan programs and now they're saying oh well the
etf is bullish you know so like they don't fucking they don't they're just they're never gonna learn
they don't even understand what they did wrong in the first place.
You know, like, like that's that I, I, you know, Coinbase stole my money and I realized
right away, I'll never use the fucking centralized exchange.
You know, like they, they could steal your money, but if your money, that's why I'm very
leery about using like USDT, USDC too.
I, I started, I just started thinking about it.
I started swapping into a DAI, you know, because they can't started swapping into DAI, you know,
because they can't take your money with DAI, you know,
like, you know, what reason
that these people are going to take your money.
You know, like, they'll just say anything. Oh,
you used an illegal casino.
oh, let's steal their money
because they're in Iran. Oh, let, you know, oh, let's, let's steal their money because they're in Iran. Oh,
let, you know, so it's like that saying that, you know, people don't care. They're like,
oh, I'm in America. I'm safe or something like that. But no, what did they do to the Canadian
truckers? They started stealing all their money too. You know, people think that there's, that
they're, that they're, that they're safe because, oh, I don't break the law or something like that.
But wait until that law is made and then they're going to steal your money too.
You know, and they just don't understand it, and they're not going to understand it
until they get rugged, and then they're still not going to understand it
because they're going to look for the next thing that's better
because they don't understand it.
So I bought, I've only done one meme coin in my life. I've done it once and that was it.
And, uh, it was called, it was on Solana. It was called giga tits, giga tits as in big tits. Okay.
And I bought $500 of it and I sold it right away and I made 300 bucks. And I was like,
that was retarded. I'm never doing that again. I got super lucky. But I just had to say that because it jumped like soon after that, too.
Now we know you're a boobs man.
There's nothing wrong with that.
That's between me and Jesus, Kenton.
Don't you talk about that.
But I want to know, Adam, could you maybe, you know, you can reveal whatever you want,
but, you know, it sounds like you had a bad experience with the centralized exchange.
Maybe you'd like to get into that a little bit more.
Like, what, you know, what do you feel comfortable talking about?
But, yeah, make sure your experience there.
Yeah, no, I mean, it's, I really didn't have that bad of an experience.
And to be honest, I don't even remember because it was a long time ago.
But I they they took like.
Thirty dollars from me or something like that, you know, I closed down the account.
Oh, you were interacting with a casino.
It's illegal or something like that, whatever it said, you know, so they didn't take a lot of money from me. But, you know, actually, what's what's crazy is a couple of like two months ago, my dad wrote
me and said, yo, I just got this letter in the mail. And I you know, I didn't know, you know,
obviously, I'm like, what the fuck is this shit I'm looking into whatever. But somehow,
I'm like, what the fuck is this shit I'm looking into or whatever.
But somehow, a state treasury got access to the funds like 10 years later.
And this $30 that they stole from me is now a couple of thousand dollars.
And I'm getting it back, apparently.
I've already filed the fucking, you know, I've already filed for it.
So, you know, I don't really understand how this whole thing worked or what
the deal is but yeah coinbase stole my money and apparently somehow all of a sudden i'm getting it
back now like 10 years later or whatever it is that's what well you know in uh to speak actually
in the state that kenton's in right um they passed the law i forget the time frame but if you have
your assets on a centralized exchange uh in cal in California for a certain amount of time, I think it's like five years or something.
I might be wrong by the double check me, but they can take three years.
If you. So that's it. So that's what it is.
It's the government taking taking it.
Like, that's the deal they made with the centralized exchange, I guess, is that if you have it for that long, then it's ours now.
There's some kind of, I forget what it's called,
but this law already exists in TradFi.
Like they already do it with like bank accounts and brokerage accounts.
I think with brokerage accounts, like stock brokerage accounts,
it might even be two years.
But basically, if you've never touched your account,
like if they think it's like, like, like you haven't touched your account in X number of years, they assume you're dead.
And they can, that institution, that brokerage firm, whatever, can take your account and they can own it.
And it becomes their money and uh it's insane
like it's you know because like there's this like in my answers you know investing it's like
this whole idea of hodling and bitcoin i mean that's that's that exists in stocks as well like
you hear about this little grandma who bought two shares of cola 60 years ago and she just hodled right and
it became worth all this became worth a million dollars and um you know had the poor lady and
that's that's that's what you should do right you should invest and hold for the long term right and
now these you know all these stupid laws are like kind of like forcing people not to and that they
got to be they got to do something and you got to
trade and whatever um yeah it's it's criminal it's it's terrible it's criminality as exactly
i was gonna say it's criminality that's just crime that's legalized crime that's legalized
theft right uh so out there people like i'm telling you whether you're listening look at
this live or recording of this live stream okay get your damn funds off a centralized exchange.
What else do you need to know?
Learn how to self-custody.
If you don't know how to do it,
take your time, go through things.
Maybe go check out Adam's website here.
Go to learnbitcoinfast.com.
Educate yourself, you guys.
I'm telling you, it is not good
to leave your money in the custody of
someone else like for the first time ever you can actually own the money you have two thousand dollars
in your checking account no you don't no you don't you have permission to use that money up until you
don't have permission and that day is probably coming quite soon so i hope if you're watching
this please take the time to learn but anyway bitcoin i don't want to
get too sidetracked um go ahead i want to add to that uh so can you get some spoiler spoiler alerts
adam on your book do you do you go through self-custody you try and explain and help people
how to do it yeah yeah i tell yeah i i told everybody to uh like like I thought that's basically what I talk about is how you could do P2P. And yeah, it's just a full explanation about Bitcoin, like where you should start, you know, started reading the white paper, understand what it is, because that's the thing, too, is that, you know, they change the narrative, you know, supposed to be P2P electronic cash.
And then they're saying it's a store of value. So people think and then they start saying calling it a crypto asset.
You know, it's that's not what it is or what it was supposed to be, you know.
But that's the other thing that I was going to say. That's a problem, too, is that like people don't.
You know, people like most people get into crypto because they think they can make money with
it and then they lose money and then they get discouraged they don't get into crypto because
they they know that oh my family is in some other country and i could help them and send them money
in two seconds and i don't even need to go to Western Union or something like that. You know, so it's like people aren't really understanding what it is.
They just think that it's a way to make money.
And then they usually find out or get into it too late in the cycle and lose money and
So they don't really understand it at all.
And they're also being mistaught and misled, you know, about what it is.
And that's, you know, the other that's the other problem.
And I mean, like all these guys with big money now, they got more money than than all the liquidity combined.
So they could just move the markets whichever way they want.
You know, the good thing is that there's limited amounts.
So if there is more if there are more buyers than sellers, then they can't really sell or they're going to get dumped on but like it's uh yeah
like they're that's they're i mean they they basically manipulate it until they make everybody
lose their money and then nobody wants to buy it and then they just drop it as low as they can by
taking more and then they get more supply control so it's kind of you know honestly i i
for me personally i don't really like to on bitcoin but i kind of think it might be a lost cause at
this point i don't i don't know you know i i i think that there's i don't even know i don't know
what to think about it well i think i you know here's the thing guys learn bitcoin fast.com
right oh i'm sorry i'll just i'll be quick learn bitcoinfast.com guys like
you know maybe some people like well it says free why is it free you know the reason why we're in
this industry it's not necessarily about making money it's self-preservation right he's trying
to teach you the virtues of what makes this industry so great he wants to bring you on board
because if there's more of the population that have joined blockchain it makes the world itself
better so he's trying to help you out,
but there's also like some self-preservation element to this as well.
We want the world to be better.
We want you to be better.
And we're ultimately all fighting the same corrupt system.
Sorry for interrupting you.
I was just going to ask Adam.
You mentioned the narrative changing on Bitcoin.
You know, now it's a crypto asset.
Like, if I assume what you mean is like instead of uh peer-to-peer money now it's like a store value
and um i'm curious what your thoughts are like on bitcoin cash and that whole all that drama
that happened in 2017 you know roger ver and the and the big blockers were like you know we've got
to stay true to the original vision.
We've got to be able to, you know, transact and, you know, do that piece of block size.
Do you, I'm curious what you thought about it then,
what you think about it now, you know,
and yeah, I'll leave it with that.
Yeah, well, I mentioned it before.
I was also psyoped into thinking Bitcoin is the one,
but then there's people like McAfee that was saying Monero's the real Bitcoin.
There's people like Roger Ver,
who they were trying to make him look like some sort of scammer with Bitcoin Cash.
And I mean, I think Bitcoin Cash is probably shitty anyway.
But after time goes on, I realized that they were the good guys
and they were the ones that were trying to do the right thing
while the people who were in charge of everything else were spreading misinformation,
calling, you know, like they're pointing their fingers at these guys saying they're the bad guy
when they were the bad guys.
And so, you know, that's what I think about it. I think that they were the bad guys and so you know that that's that's
what i think about it i think that that they they were trying to lead us in the right direction but
they got uh muffled out that the that the bad guys got they won again you know so so that's that's
what i think do you think um mentioning maybe you know bitcoin is kind of toast?
We also mentioned maybe Bitcoin cash.
Do you think maybe Bitcoin is toast?
Do you think the monopital and the usage could trickle over and translate into Bitcoin cash? Like the original vision of Bitcoin?
Well, I mean mean i don't think
yeah i i think that more like i think something new has to like be done i don't know like to be
honest i really i don't even know yet but you know and and don't get me wrong you know to for
anybody who like that's listening to what i said, Bitcoin might still go to a million a coin.
I'm not saying that it's not.
I'm just saying that it's not what it was supposed to be.
And it's not being led by the correct people anymore.
So, you know, like, if you're in it for investing and making money, like, will it go to a million?
Yeah, maybe it might might i don't know but if you're here for like freedom and and trying to go on the original path then that's not what it's here for
anymore and you know and i think that you know i don't really know because like i said usdt usdc
those are that's the same thing they're you know it's gonna go the market cap of that shit's gonna
be bigger than bitcoin so it's like if they're printing all this fake money, you know, the whole system's corrupted, basically.
It's like, you know, it's really hard to see or say right now.
So that's, you know, that's why, you know, I finally, you know, I always said, like, I don't really like the memes and this and that.
But, you know, I'm starting to realize and starting to decide like you know what if if you're gonna make money and get influence in the
space and that is basically the way to do it because that's all anybody cares about you know
it's just turned into a giant gambling machine at this point and you know if you're if you if
you don't have billions of dollars yeah go ahead oh i'm sorry i didn't mean to interrupt you adam
no i was gonna say if you don't have billion... Yeah, no, I was going to... Yeah, go ahead, go ahead, go ahead.
There's a delay. I'm so sorry. It's so frustrating.
But yeah, no, your point's a good one
about stable coins being something that can be rugged from people, right?
Like there's a centralized entity here.
And what I was trying to like politely add,
because there's a stupid delay and I rudely interrupted you,
on ThorTain, we have this app
layer that's being developed by Ruggira and we're going to have a Bitcoin back stable coin,
over collateralized stable coin that will not be controlled by a centralized entity.
But then again, it's still dollars, right? But I wonder if that's just a necessary step that we
need to take to on-ramp people until we can get to a position where people can have multiple
different blockchains in their wallet and then they can start using that for transactions and
and i i think that the stable coin unfortunately is like a necessary evil just because that's the
way the system is but i'm hoping that we can give people an option that is decentralized on the
stable coin front um right that that will that
can't be rubbed because i agree that's like one of the biggest attack vectors that i could foresee
really doing a lot of harm to the industry i'll kick it back to you adam yeah no i mean i i also
i i agree with it you know i just it's something that really you know the the biggest turning point
that you know i was just talking about stablecoins kind of on a different topic but you know like uh the biggest turning point for me within crypto when i
started realizing something was wrong is when i saw them crash luna and ust and i always talk about
that you know like that was not you know i mean i guess it just came out the other day about who
did it the jane street people or whatever but you know, they put the guy Do Kwon in prison and he's still in prison for that.
You know, so I saw that that whole thing was a marketing plan and it worked, you know.
So it was like, you know, this this.
So if they did it with that, they could do with anything, too.
And, you know, now with all, you know, like if if if the same guys that are in control of Bitcoin are in control of the stable coins and they can freeze your money with the stable coins, then like, you know, what's stopping them that when they have a trillion dollars in in stable coins, if they want to just dump Bitcoin and fucking end that and and steal everybody's
money and just and do their own thing or something you know like like people need to really think
about all these things because they could be a real reality you know i mean maybe it never happens
who knows but you know i would definitely stay tuned and and and be careful with with this type
of stuff too yeah Yeah, well said.
Hey, that was perfectly said, by the way.
It's always that unknown factor.
But we're having some actually live engagement with our live stream boys.
And something really interesting just happened.
And Kenton, this involves you, sir.
You know, we're talking about a stable coin, right,
I think we might have the symbol
for the new stable coin here. I think we might have the symbol for the
new stable coin here I think we might I'm gonna go ahead and put on the screen
here someone's design I just want to know what you guys think about this I
like it what do you think I got mine right there.
You guys are too much. There's some money I'm going to use.
I used to have like a fro and I had somebody tap.
Actually, that was my friend's idea.
I stole it from my friend.
He's actually the one that told me about Bitcoin, too.
Oh, man. I love it. I love it. Awesome. Awesome.
This is pretty cool. Hey, we're coming at the top of the adder.
Adam, we never really have a time limit for these live streams.
We just keep going if we're having fun.
But I just want to know, do you have a time limit?
In case that is, I can kind of curate you know the experience and make
sure you get as much time um no not necessarily i mean i'll stay here i i gotta i just gotta get
ready and i'm actually gonna head out i actually i stayed an extra day just so i could be here
because i fucking i i didn't want to like mess up the times and stuff so i'm on like on vacation
and i just stayed here an extra day so I could be here.
So I'm just going to pack up and leave, basically, whenever this is done.
So it's not really a rush.
I love you taking the vacation time.
Well, that's what we want to do.
There is something that I've come to the conclusion on.
And there's a wallet called Edge Wallet.
It's one of the CEOs, Paul.
And one thing that he said that really resonated with me, and I love it,
he says, you know, all these different teams are all trying to solve the same problem, right,
when it comes to freedom decentralization.
But we're all meeting in the middle, right? So, you know, you have this ethos as we do. And, you know, we're all working
together to achieve the same goal. And that's like, what I really want to do with these Saturday
live streams is to bring people together to know that we're not alone, right? That we all had the
same, the same, you know, concerns of you know putting their um assets on centralized exchange
like this we have to change the world so i'm so glad that you're here on the show man and uh yeah
that's what's about we it's time to come together and and push this industry to the next level
because we're getting sidetracked with all this nonsense yeah you know honestly i think that you
gotta i don't even know, man.
I was thinking about this shit last night, actually.
Like, just all of the problems,
which I actually had a really big revelation
that I don't know if I really want to talk about,
but something crazy, you know?
I don't know how you even stop these people because they're so big and they have so much fucking money and they could just do anything.
But it's like, you know, you can.
I think that you have to do a little research and look at history to understand who's actually doing these things, you know, because
like, I think that people are focused on the wrong thing, let's say, you know, like, I
think that people don't really even realize, I don't know, like, you know, I think that
people don't really realize, like, I mean,
I think there's a lot of different people or things behind what's going on in the world.
You know, something that was like really weird to me, I did research last night, actually,
and I looked up, go look up the majority of all of the U.S. presidents and their bloodlines
and see where they're from.
You know, they're all from the same place.
It says like Scottish English blood or something like that, you know,
which was pretty interesting to me.
And, you know, then I was, you know, thinking about this, like, okay, so,
you know, who are or who controls New York?
You know, go figure out who controls New York
because, you know, I know basically who controls New York.
And then it's like, you know,
so there's all these different types of things
that people don't even think about, you know?
And it's like, there's like, you know,
everyone just says, oh, the Jews, the Jews or whatever.
And like, yeah, maybe they control like the finances, the banking.
That's and that's like the main problem also.
But, you know, who are the people that are that are enforcing it?
You know, because that's not the Jews.
You know, so it's like fucking there's all these things that people don't even really
think about that are just tied in together
but it's like how do you stop these people because they have so much money and like you know i'm on
i'm on a list now for just saying that you know so it's like it's it's it's it's pretty crazy
stuff i don't know you know i was actually like doing a lot of research yesterday and
i had a really big revelation of what i saw yesterday which was pretty fucking crazy i'm not gonna lie but
yeah i can add on to that um so that i think this is the turning point in history because
like let's talk i'll talk about america for instance you know we had the revolutionary war
right um and then we got rid of the central bankers in the u.s well what was not you know
the colonies back then right? And then a few decades
later, we had the War of 1812, which again, involved Britain, right? But a lot of people
don't know what that was, was the banks, the banking cartel, which was a banking cart back
then as it is now, it's actually much more powerful now. They were trying to get back
into the United States. Well, how do you do that? Well, you foment a war between, you know,
Britain, Great Britain at the time, and the still a young United States. And that caused the United
States to go into debt, right? They were, they incentivized the Great Britain's warships to
capture sailors and all the ships and all this stuff. And then the Great Banks came in as the
hero and said, hey, you know, we'll give you, you know, you need cash because we were bankrupt at the time.
And that's how they got weaseled their way back in.
This has been going on for centuries, right?
This is the beautiful thing is that now for the first time, we truly have the ability to separate power from these individuals because they're not going to give it up without a fight.
They are not going to do that.
There's never been a time in history that's ever happened, and we should not think differently now.
And that's why, you know, with Bitcoin,
hopefully it's not fully captured.
With ThorChain, we are trying to build a decentralized solution
that's just superior in every way that cannot be captured.
And that's why I tell everybody that the decisions we make today
are absolutely essential on a game theory level,
on the first principle level of our success in the future.
Do not think about what ThorChain is doing doing today think of how it can survive 10 years from
now because they don't understand the power yet Adam they don't understand the power Kenton of
what we're building here not yet but they will they will and when they do they will come but we
have to be ready for that time we can do this I am so sure we can do this but we have to be super
And that's the future, right? So this is the first time in our speech, like, it sounds like narcissism, right? It sounds like an over infatuation with ourselves that we are the
generation that can fix this. But it's true because blockchain tech is a completely new
primitive that's never existed in the history of our species. This is a zero to one, a zero to one
that for the first time ever can really separate finances from the state and it's our responsibility to bring some
our responsibility to do that and and that's why i'm so glad here talking to you adam because i
know you get that i know you get that kenton and for those at home we are going to get this done
but this will go by faster if you listen to adam and you get your money off a centralized exchange
and maybe use thorns swaps i don't know
i don't know but i hope you guys do that so that's that's what it is let me go on a soapbox there
bro the thing you know that it's it's it's it's also you know like they have like all this
convenience now too with like uh you know with amazon and all these things. Yo, you guys hear me, right?
Yeah, I hear you, brother. Go ahead.
Oh, okay, okay, because, yeah, your videos are frozen.
All right, yeah, so there's, what was I just saying?
Yeah, you know, like, I, you know, all you hear, yeah, you hear all these people, like, talking about, oh, you need institution for growth.
They don't even understand how many people there are compared to institutions.
Imagine that every single person tomorrow took their money out of the bank and put it into crypto and just started using crypto.
took their money out of the bank
and put it into crypto and just started using crypto
these bad people would go bankrupt
it would end tomorrow I think
I believe you know that's the only way that I think about it
what do you think Kenton should we
organize a national withdrawal your money
decentralized withdrawal your money from the bank day
that's what needs to be done we can do it boys we can get this we'll get this done
yeah yeah right let's just i mean it's got it it's gonna end at some point right
i don't know man do you remember i don't remember back in the day, I'm pretty sure Trace Mayer started this or maybe not,
but was it an annual get your Bitcoin off exchanges day or something like that?
Yeah, I remember people were trying to do something.
And I feel like it got going for like a few years, five years or something like that.
Okay, that's what it was.
So it was, and do people still do that anymore?
It was still, I don't, I feel like it's kind of fall off.
Like it's not as popular as it was 10 years ago.
yeah you know the other thing
Yeah, you know, the other thing too is.
sorry yeah the other the other thing too is that people uh
yeah i think we're lagging yeah yeah i think that the other i think that the other thing is uh
a lot of the people who had the original thoughts like us are probably gone too.
And you can see now they're saying like, oh, original Bitcoiners are capitulating and stuff because they're just not believing anymore.
You know, like, so it's that's that's the other thing is that a lot of the people that actually came here before 2017 or came here for like thinking about a freedom aspect of it they're
not even here anymore they don't you know like they made money they don't they they know that
they kind of failed and that what it was supposed to be and now they're and now they're just gone
you know so they don't they don't care anymore but do you like like do you think they don't care
about bitcoin or they don't care about freedom?
Like, I can't, I find it hard to believe that.
No, I mean, they care about freedom, but I think they just, I think more they just gave up.
You know, like, they're getting older, they don't care, you know, like, that it doesn't, you know, it's not, maybe, maybe a lot of them already made money, a lot of money, and they're just like free now anyway because of the money and they just already gave up or something.
So like all the protesters, like the 60s and 70s, you know, that, you know, anti-war and all kind of stuff.
And, you know, as they grew up, then they turn into corporate slaves.
Like what happened to them? What happened to this rebellious generation?
Just like, you know, they're in the machine, you know,
and become part of the man, you know,
the system they were originally trying to replace.
It's like, I wonder what happened.
I see what you're saying.
Well, guys, you can't lose that spirit no matter what.
Right? There's no giving up. um no i'm not yeah me neither i mean if the enemy uses propaganda then there's hope because if there
was no hope they would not use propaganda right the great thing on our side we have the truth on
our side it is so easy to again i've had multiple debates with these people and it's so easy to
dismantle them because it's so stupid, their argument they're trying to make.
They're trying to defend a history, a record of complete abysmal fiscal responsibility.
It's not responsibility, it's been criminality.
And now we have the ability to give a system that absolutely counters them.
These people have no argument that cannot be defeated, and it's really easy to do, guys.
And remember, always, guys, you've got to counter them every single chance you get.
And that's what we're doing here every single day.
And that's why I really enjoy listening to you, Adam,
because you're out there just spitting facts, man.
And you're very entertaining.
You have a – can you maybe tell us a little bit about your spaces
You pretty much have – you seem like you have space every day, right?
Yeah, okay. pretty much how about you seem to have space every day right yeah okay so you know i well
i've been on and off doing spaces for like the last like three years or something like that you
know and basically what happened was i was doing i started up doing the spaces again recently
and somebody came into the space and said yo people have the there's a fight going on.
Everybody's running the real Bitcoin.
They're running the Bitcoin Tonight space.
And I said, oh, let me look.
So one of the Bitcoin Tonight spaces is a ETH Maxi LARPing as a Bitcoiner to try to
The other Bitcoin Tonight spaces are a bunch of clowns from 2022 that bought the
top in 2022 and now they're trying to teach people about centralized exchanges and etfs
so i was like you know what i should run the real bitcoin tonight space the one who actually bought
fucking bitcoin not an etf and teach people about this so you know so i started doing it and i actually i tried to do one like two days ago
and x completely rubbed me then i tried to do a live it wouldn't even let me go up live so i said
you know what i'm gonna take this break for the next two three days while i'm on this vacation
and then when i get back to my house i'm gonna just start doing it again every single day so
that's at 6 p.m eastern every day and it will be starting
back up again on monday or tuesday depending on when i get back i think monday monday should be
fine but uh we'll see what happens but monday or tuesday 6 p.m every day and his handle you guys
is dude that's why we switched to b2p1 sorry at adam bitcoin p2p1 go ahead kenton
i was just gonna say that's why we switched to doing these live streams in riverside
because we just kept kept getting rubbed on on twitter spaces and um um also too i think
i think twitter deletes them after 30 days.
So if you don't download them and record the content, then it's gone. They're gone forever.
to record our stuff, you know, get on YouTube
and so people can go back and listen.
Elon's got to figure that out. He can get it.
He can get to the moon or Mars, but he can get Twitter spaces.
The real Bitcoin tonight.
Yeah, man. Awesome. Yeah, the real one so go ahead
well i'm wondering adam um what else would you like to say is there anything we feel like we've
missed in this live stream but i'll make sure that people get to know about you maximally you
know i mentioned your x handle one more time you guys at adam bitcoin p2p1 at adam bitcoin p2p1 give him a follow you guys as a warrior for our space
getting the support that's we all have to come together we have to work together we're all going
to push this interest our own way but adam i want to kick it to you is there anything else that you
that, you know, we feel like we've missed, you want to, something else you're working on,
know we feel like we've missed you want to something else you're working on the floor is yours good sir
the floor is yours, good sir. Sure, yeah, you know, so I want to actually, you know, I like
being transparent to people, and I see a lot of people fighting me at the moment, because I'm,
you know, trying to teach people the right way, and I want to really explain a couple of things
real quick, you know, so, um, first off, you know, i got all these people that keep fighting me but they all
blocked me so like why would you fud me and block me and not let me have my voice too i'm not blocking
you i'm not saying anything so that's the one thing that i've realized that all these bad guys do
is they censor you and then they try to talk shit about you and you have no recourse.
You can't say anything back because they because they because they block you, you know.
So now recently what I've been getting into, what I realized, you know, I talked about it
a lot is that I'm trying to learn these memes.
OK, so there's the meme coins are like a game. Okay, so you have to, you know, the first one is the new pairs. The second part, you know, maybe you have to hit 10,000 market cap, then you have to hit deck screener, like there's all these little things and levels that you have to do. And in order to make it right, you can't just launch a meme coin and think it's going to go
to the moon it's never going to work so you know so people will say oh yeah you're a rugger oh you're
doing this or doing that like but like there are steps that you have to take to learn these things
and do it right and you know and i started doing it because i was doing it on radium i wanted to
learn liquidity because i didn't know anything about liquidity and I taught myself about the
liquidity I also taught myself that launching on radium causes a lot of
problems because on all these like scanners and stuff it's not showing
correctly so like you know I just I just wanted to say that you know I think that
like my recommendation to anybody don't buy meme coins
because unless you like it's just a form to make money for people but you know like you have to
if you want to buy meme coins you have to know who's making it and you have to get in early or
else you're probably going to lose you know so it's like you know this is for me personally i well actually you know what
i'm actually building a social media platform built on solana and you know i'm kind of my goal
is to end pump fund and and like actually turn things into long-term investments again but you have to before that happens you have to be able to
like uh learn how to do these memes correctly because there is a strategy to it and it's not
as easy as people think and you know at this moment the the the meme the way to launch a meme
is to do a narrative like you see they launched the pump the penguin
coin the government was bull posting the penguin coin on every single account that they have
it went to what like a hundred million or something and now go look at it what is it
like probably like a million probably less i don't even know i don't really i didn't follow it i'll
buy it but you know all of these coins they're all rugs and they're all based on narrative so you know if you're not getting like
just like what you said you bought the coin for 300 you turned it to 500 you got out you made money
you moved on that's what it is so any person that's trying to tell you like oh i'm building
this like you know look at fart coin fart coins on coinbase it
went to like almost three dollars now it's at like 20 cents you know so it's the same thing and just
like bitcoin bitcoin took what 10 15 years whatever it is i don't know to to go to 100 000
you know it sat there for five years at the same price. It didn't do anything. So, you know, it's like all of these things are the same, just on a different scale.
And like, you know, it's like, OK, yeah, like one thing has smart contracts.
One thing is more decentralized like this and that.
But it's like at the same time, I'm just feeling like you like you can basically use any coin for the same thing.
But, you know, also you definitely have to think of the risks as well.
Like, I remember you were saying, or the Thor chain account, what they were saying about...
yeah what they were saying about uh
fuck now i'm like now i lost my train of thought like okay what they're saying about
worm what they're saying about wormhole okay is like you know like you're gonna use thor
to swap but people are using wormhole to swap and you know if you're using work or not swap to bridge if you're using wormhole to
bridge like that's another real risk that can be like a hack or you know so like all everything in
crypto is a risk but i think that like a lot of the stuff that you see is just noise because i did
the same thing you know i i saw I mean yes there are malicious people
that are just doing rugs and doing scams and you have to understand who are the malicious ones and
who aren't the malicious ones you know like like like you have to basically it's like you know a
lot of I mean you could just all you have to do really is buy Bitcoin and hold, hopefully.
And that's really all you have to do, I guess.
But I don't know, you know, like there's just a lot of noise and a lot of bad influence.
And these people will like, you know, you see these guys who were stealing everybody's
money last cycle now talking about, oh, this guy's a rugger or that guy, you know, calling
out all these people because they're trying to gain influence and trust again by all these new guys who have no fucking clue
and they see a thousand people in their twitter space and think oh these guys are trusted
but they're not they're just getting led into a death trap and they don't even know what they're
what they're getting led into because of the misinformation propaganda basically you know
and then and then they're gonna say oh this guy, this guy is a rugger. Oh, this guy's the bad guy. But they have you blocked. So you can't even
respond to it. You know, so that's that's, you know, check my account. I'm not blocking nobody.
Anybody could come to my space. All the people that are calling me a rugger scammer, this or that
come to my space and let's debate it. I have no fucking problem with that. You're more than
welcome to do it, you know, but they won't do it. They're
going to block me and they're going to talk on their pages
about this, you know, so that's the
difference. You should know the people
who are blocking and censoring or the
people who are openly inviting the people up
on their stages. Come right up. Let's talk.
Kenton, do you have something? I want to visit a delay.
I want to make sure I ask before I start speaking.
I was going to change the subject a little bit. So if you want to, if you wanted to ask,
sure. Well, well, I think one thing that reminds me of you're saying Adam is, you know,
the truth is, I forget exactly how the phrase this goes, like, you know, the truth is only
dangerous is when they try to cut out a man's tongue. right? And, you know, I'm on, you know,
I was pretty busy in politics the years prior, and I'm blocked by so many people. Yeah, I mean,
it sucks on the algorithm, too, is when they block you, it actually hurts your reach. If you have
popular profiles that block you, it is weaponized, which is ridiculous. That's a huge game theory
problem that X has. But yeah, I totally know where you're coming from.
I'm going to kick it to you.
There was a time there, right?
Every time I open up my Twitter and scroll through my feed,
my day wasn't complete until I saw a post from Patriot Sounds
replying to some politician, you're a treasonous
you're a traitor you should be ashamed of yourself just you know resign now and just
and so i imagine these are all the people that blocked you um but dude i swear sometimes like
a daily base i'd see these your post is great yeah yeah i'm hated I'm very much hated
I love that you're on the right side of history
I assume you hear you're talking to us,
you're positive with Thorchain,
so I assume you see that we're
on the right side of history.
Yeah, I'm just curious if you can kind of, like, walk us down
that journey and, you know,
when you first found us, how,
and maybe what you like about what we're doing.
When did you guys come out?
of chaos that which was early mainnet super oh wow okay yeah no that makes sense because
2019 but the exchange didn't go live till 2021 so sorry okay okay okay yeah so basically you
know like i said i got into crypto
in like 2014 2015 and i was like a bitcoin maxi for a very very long time only bitcoin you know
i believed in all the propaganda that they were that they were talking about and uh and then i like in 2017 was utility coins right i think so what so like yeah so i think like around from like
2014 to like 2017 no i might have i don't know i don't really remember to be honest everything like i feel like
i might have been like a bitcoin maxi up until like 2021 or something like that and that's when
i started to to change my thoughts about it you know and i remember seeing uh no you know what 20 yeah it was i guess around there like maybe like around like 2020 or something
i started or no it was even before that because i got ethereum when it was like 100 bucks or
something like that and i got like basically i think like at first like i got like bnb when it
was like 20 bucks ethereum when it was like 100 bucks and that's like when i started to change my thoughts
but i remember i had bnb and i bought like 10 of them for like 200 bucks and i i i i lost the
wallet i didn't even like because i was like oh it's a shit coin it's not even gonna do anything
you know like i didn't really i still was like more of a bitcoin maxi but then i remember that
thor chain was talking about decentralized swaps using monero this and that and i was like more of a Bitcoin maxi. But then I remember that Thor chain was talking about
decentralized swaps using Monero, this and that. And I was like, oh, this is pretty cool, you know,
and then I got into Rune. And that was like one of like the first, you know, like besides like BNB,
Monero, Ethereum, like I was like Rune. And, you know, it was like one of the first things that I
started like looking at and paying attention to because I didn't like centralized exchanges, you know.
So I was like looking at the decentralized swaps that you guys were doing.
And that's really what what brought me there.
So it was whenever when it probably whenever you guys started, because I remember there was always a talk about the like atomic swaps and all this shit.
And that's really what what got me into it.
So then you've been a part of the community then for a few years now at least.
Yeah, since the beginning, since it started basically.
When I found out about it, that was where I was reading about it.
Glad you're still here, man.
The last year has been tough for us um but uh you know
we persist we'll keep going and um i feel bro it's tough for everybody the last fucking
two three years for me has been fucking rough it's like you know you bro you have to you know
my the the thing is it's like dude like i said like i always thought like the memes are
like scams and shit but like you have like you saw litecoin they tried to change litecoin to a
meme coin like you have to adapt right now or you're gonna be left behind like as much as it
sucks like the market has fucking changed now and and there's there's no other way around it like
you know i just feel like it's it's we have to adapt and learn the new way
and then when we get the influence then we create our own propaganda then we bring it back to the
old way you know that's it like that's the only way forward there's no there's no other way
yeah yeah okay um i'll i'll go now um i think i'm what i'm gonna do i'm gonna use the raise
the hand feature because there's this delay between us so we can signal to each other.
Because I don't want to interrupt anybody. But what you just said right there, Adam, really resonates with me.
And you mentioned Bitcoin Maxi, right? Bitcoin Maxi.
And I think I just want to say, if there is a Bitcoin Maxi that watches and you are still a Bitcoin Maxi, then ThorChain's perfect for you, right?
What do you want to do with your Bitcoin?
You know, we have our app layer
where, you know, your keys are going to be a tie to the assets.
You know, not soon, you can currently take a loan
the same way that works with Aave Design,
except it's cross-chain, right?
We say Omni-chain, right?
So if you're a Bitcoin maxi out there,
we are giving utility to your layer one.
So that's why you should be a Thor chain.
You don't have to own Roo and you don't have to do anything.
But we want to provide the service.
We want to level Bitcoin up to the asset that you've always wanted it to be.
Right. That's what we're trying to do here.
And Adam, something you said earlier before, you know, we're talking about ethos.
Right. Like you mentioned, like, who are the bad guys?
Like sometimes bad guys use, you know, infrastructure.
But like, for example, last year we had, i don't know if you remember the bybit exploit was
1.5 billion dollars right um and bybit exploit happened and they ended up going through thor
chain and this caused a big rigor mole in the community right it was a huge test or ethos and
we had this eternal civil war um and thankfully the ethos side our ethos eyes one
handedly after just like a day or so and and we didn't freeze swaps right but a lot of people get
confused it's like well don't you want to stop bad guys like first off guys we hate bad actors
we don't like criminals we don't like people stealing funds or anything like that but you
have to define what is a bad actor what is a a bad guy, right? If you're going to apply the logic of stolen funds, of mismatch with funds, then, you know, speaking for myself, you have to look at the United States government as criminal too.
That's my opinion because, you know, I've seen it in real life, right?
I've been involved in this process.
I've seen behind the curtain.
do you deny? If we're going to assign criminality, then you wouldn't have to, oh, we lost Adam there.
If we're going to assign criminality, then you wouldn't have to, oh, we lost Adam there.
and governments in the world, right? That's what you'd have to do if you're going to hold that
standard. So there is just, you have to have neutral permissionless infrastructure. That's
the way it's got to be. Adam did drop, I'm going to try and get him back. But, Kenton, man, I really want to show you something.
And I'm going to bring it up here.
Man, you are beautiful today, Kenton.
And people are really just...
Another Photoshop for me.
Oh, buddy. Do you see that, Kenton? Oh, my gosh. Look at that. Master and Commander.
I'm going to use my Kenton dollars to go buy a ship. I think that's somebody in the chat. What did he say exactly? I was going to, he looks at him, look, some guy said, I look like I'm ready to buy something.
I've been dying, man. I have been dying, dude, 100%.
Let me see if I can get, I'm going to reach out to Adam.
Kent looks like is about to buy a ship and go start wars
hello that's pretty good photoshop i love i love uh me and some of my friends some guys used to
work with we would do that all the time we would take our our headshots and like way worse than what Buddy just showed.
We always do these janky,
you know, putting our heads on people
Should we maybe start wrapping it up
Yeah, I'm going to give him,
because I know he has to go.
I messaged him. We'll give him a few minutes to return. Maybe he dropped. Maybe Yeah, we could do that. I'm going to give him, because I know he has to go. I messaged him.
We'll give him a few minutes to return.
Maybe he's having some internet issues.
You know, I do want to see if we can give him an outro.
But yeah, I mean, yeah, we could just end it here.
But it's been a really interesting conversation for sure.
But how long have you been in California, man?
I got here Thursday evening, and I'm leaving this evening.
So I'm just here for 48 hours, basically.
I'm going to Salt Lake City for a week.
You're leaving, like, what, 12 hours?
Okay. Less than. Yeah, I fine it's so late this evening i was thinking about driving out there but uh because that's not
too far away from me but uh i'll let you go we'll let you go we'll see you in las vegas in two months
oh what's that oh to san diego yeah i don't live that far away. Oh, yeah, Vegas, man.
Yeah, let's meet up in Vegas.
I jam-packed this trip on everything I'm doing.
So, yeah, I'm a permanent resident of Mexico now.
It was part of the reason for my trip,
I had to go get my residence, convert my temporary into permanent residence. And so on Thursday morning, before I came to San Diego, I was actually in Guadalajara with Apex and been
golfing with him. So that was great. i and i did it with him the night before it
was great to meet him in person and hang out and um he's not coming to vegas so we won't get to
have cigars with him um yeah yeah um he's a cool guy though isn't he alex is cool alex
alex is cool alex yeah very nice guy yeah um now alex is uh um
yeah you know i think he's got some great ideas for a thorshane should do and um
so yeah he's he's a thorshad he wants thorshane to. So it's great. Yeah. Um, so if we see more from him and input, more help.
Um, yeah. So, yeah, I love him to death, man. Absolutely love him to death. Um,
while you're here, Kenton, um, maybe, maybe you want to talk about, um, we are planning a meetup
in Las Vegas. We don't have an exact venue or day or timer yet, but, um, I did send you a link to
an RSVP, uh, software. software um so maybe we'll kick it to
the audience if they have any ideas or whatever yeah i saw your link uh somebody else told me
about evite okay so um maybe i'm gonna try and see if i can try and do it this weekend um and uh
maybe maybe i'll try it maybe i can actually try and do it this afternoon
um but yeah we kind of need to get i need to get a head count i i have no idea how many people
right the last thing i want to do is turn people away at the door so um um yeah i'll try and get
this thing going where we can kind of get get some people to rsvp there we go adam yeah my bed my phone was freezing and then it kicked me off and i
wouldn't connect but i'm back yeah no worries brother no worries brother well the internet
has been a little shoddy today with riverside itself it's usually not this delayed it's kind
of unusual i'm wondering if if the government's trying to stop you from spreading the word like
i think they i think you've got some haters and they and they're they're they're trying to rug
you bro from spreading the good word so i know i know maybe is it a conspiracy or not i don't know
the conspiracy theorists are like 100 and zero at this point man like i think that's
that's the winning team. You know what I mean?
Oh, man. Well, we were talking because we are having connectivity issues.
Maybe this is a good time that we can start wrapping. It's been an hour and a half.
And real quick, I forgot to take the beginning of this show. I'm so sorry about this.
Make sure to stay with us. Don't log off right away because it's uploading on your side.
And so, you know, then it's on the very top is fully uploaded, then we're good to go. But Adam, did you have anything else that you wanted
to talk about or mentioned at all? I mean, I think we went over a lot pretty good. I just,
you know, I just really want people to understand that, like, you know know there's a lot of misinformation out there in
crypto whether it's on purpose or not yeah i think that you know i think that at this point
now it's been what we're in what 2026 so it's been 10 years of misinformation that everybody
is just taught so incorrectly they don't even know what they're
saying so you know so i don't even think that at this point you know like i was joking i was in
this space and i'm calling these guys feds you know i don't think they're feds i just think
they're idiots you know they just don't they're just they're just taught the wrong way they don't
know what the fuck they're talking about and now they're spreading all this information to everybody
so we have to get more real voices
who's the loudest people on Twitter?
these guys acting like they're rich
it's just everything's fake and everything's misinformation now.
And that and like when when I got into crypto, you read the white paper, you read Bitcoin talk.
There was nothing else to even learn from. So everything was right because it was just people at the beginning.
Now, you know, if you search something, it's just propaganda or whatever, you know.
So I would just say that, you know, to people, especially if you're new, you know, do your research.
Do a lot of research and research it again and make sure that these people that you're, you know, hey, when did you come into crypto?
Oh, like, where did you learn about crypto? You know, like, like, like people don't even understand, you know, like these you come into crypto oh like where did you learn about crypto you know
like like like people don't even understand you know like these no these big news things like you
know i'm not even like start naming names and shit but i know exactly who they are you know you go
into their chats and it's bots mainly bots saying all this shit they're like oh the price is going up today set your longs and
and then they just dump the shit out of it the next day so just you know you think that these
guys that have millions and millions of followers are reputable but they are machines built to take
your money and you know like and and you know and and and the last thing it's not about the money
you know if it was about the money then you'd be seeing Lambos on my page and this and that.
I mean, yeah, like I show something just because that's all people care about.
But, like, it's not about the money.
And, you know, that's what you should be focused on instead of just, you know, like these people just are asking their mommies for one Solana so they can turn it into a million dollars and it's never going to fucking happen.
You know, that dream is the lie.
So, like, I mean, maybe it'll happen if you have if you have the right contacts, you're on the right team and this and that.
You know, like, I'm sure that that that Thor that you guys have done it before you guys have, you know, like like like everybody's done it before that knows what
they're doing but it's not like oh you're just aping some meme coin all day and you're gonna
turn into a millionaire it's never gonna happen you know like like you know maybe one of you guys
that are listening to it might happen out of the out of the millions that are listening maybe one
but like you know this is more about freedom than just, you know, aping some coin and getting rich.
And that's what you guys should understand.
Because if we got into the freedom aspect, then we could all ape a coin and get rich, you know.
So it's like, you know, that's how it used to be.
I guess that's really all I have to say.
Kenton, did you have something before uh before we wrap it up that was
a good outro yeah yeah okay yeah this has been a freaking fantastic live stream you guys adam
bitcoin in the house dude adam dude thank you so very much and i want to remind the audience if you
want to follow adam bitcoin it's at adam bitcoin p2p1 one more time at Adam Bitcoin P2 P1. One more time.
Also, learnbitcoinfast.com.
So easy to remember, you guys.
Remember, you guys, this is about the ethos.
We have to change the world.
Everyone loves making money.
I love making money, right?
But this is self-preservation, right?
This is what we're trying to do.
We have to bring this industry back to its roots and that means freedom we have the one chance to
change the world and that's exactly what i'm going to do you guys adam bitcoin in the house
bro thank you so very much for joining us today on the show you awesome guest and uh guys please
follow him this has been so much fun um real quick guys we're on the outro here. I want to remind you,
they're still hiring. Chad's still hiring.
If you're a Go developer and you'd like to work on ThorChain, please reach to
X. If you'd like to become
a node operator on ThorChain, you need
some help, please reach to at
Runtard on X. He can help
you get set up and find bond providers.
And for ThorChain data and insights, please follow at RayAnalytics on X. He can help you get up and find bond providers And for door chain data and insights, please follow at ray analytics on X
He does written recaps of these spaces to super cool guy
Definitely check him out if you need to have these condensed into bullet points
He's an excellent such and always remember guys the views expressed solely that are those of the hosts and guests any action
Take on this information is at your own risk. Past performance is not indicative of future results.
And with that being said, we're going to wrap this show.
This has been freaking awesome, man.
And we'll catch you guys on the next one, everyone.