I'm going to add Chugga and others here.
He wants to hang out, just hop on, we'll chill for a bit.
Hey, Chugga, what are you doing?
So I'm making some chicken nuggets
because I quite like chicken nuggets, I'm going to be honest.
I know they're not the most healthy thing in the world,
but we all need something every now and again, right?
Yeah, I kind of had a long night.
I had to wake up like 2 a.m. or something
to run to the hospital to go put a tube in a guy.
Okay, I was about to say, is everything all right?
Yeah, your family's all right, that's all the man's.
Oh, no, it's just a hospital thing.
Did you get that band to listen to?
A little bit, yeah, it's kind of like a...
I guess it's kind of like not...
It's a mixture of kind of like a stadium band
and like a death metal or something.
Only some of those songs, yeah.
Yeah, so if you go to the earlier songs and everything,
the sound changes every album,
and it's apparently someone, I know, a friend of mine,
she was saying how it's all to do with sleep worship,
and it's not actually worshiping sheep, sleep.
Sleep worship, the idea is like the song comes from you
worshiping gods and devils while you sleep or...
I think it's just the sensation of sleeping.
The actual dream state and everything like that,
and they're very poetic with their lyrics, to be fair.
Yeah, hopefully everyone got their little crypto bags packed.
If you haven't noticed, the simple way to do crypto stuff is...
Yeah, Bitcoin goes down about 1% or 2% or something like that.
Pretty much everything else,
like if you go down the market cap size,
like let's say a chain link at 10 billion market cap
or like whatever, you have your 400 million market cap
and you have your 100 million and you go all the way down.
Pretty much what happens is, for the most part,
the smaller the market cap is,
the bigger percentage drop you get
for the exact same amount of drop of BTC.
The alts are basically a leveraged bet on BTC.
So, for example, if you buy at the very bottom of the market
and you pick up some altcoin that's pretty decent,
then if BTC goes up like a 10X from the bottom,
then you might have the altcoin go up like,
I don't know, 100X from the bottom or something like that
It's much bigger multiples.
On the other hand, if you have a dip,
you get a very large dip.
So what do you have to do?
All you really have to do is you leave some cash aside
and pretty much you pick up anytime BTC drops substantial enough,
then you wait for alts and things to drop at least like,
which is pretty easy to achieve and you grab yourself some.
So it's like really, really easy to add things.
And mathematically, this is all it really is.
It's just proportionality based on market cap
and there's also popularity.
So if something's more popular for some reason,
then it tends to catch more capital on those dips
compared to that which is not as popular, of course.
So the upside's much better.
But it doesn't matter what it is.
Practically everything drops to the downside
when the general market drops
and then you just simply grab the thing
that you think is gonna give you the best return ratio
or whatever off the bottom.
I was wondering yesterday if you could educate us
or maybe I'm the only person who doesn't know,
but you said a long time ago,
you said that crypto like Bitcoin and ETH especially,
I think you mentioned both of them would be,
I think what you said is dissolved by AI,
like they would become...
No, no, the cryptography used for Bitcoin today
could be essentially hacked, for lack of a better term,
decoded using quantum computing, not so much AI.
And what would that entail?
Because I have zero idea what you're talking about.
What it means is if someone knows your wallet address
and you have quantum computing,
you can theoretically deduce something like a seed phrase from it,
for example, or so a lot of the original Bitcoin wallets,
like Satoshi's wallets and stuff are known
and therefore those wallets are no longer secure essentially.
So any known address essentially could be broken
and the funds taken from it,
which makes the system essentially fundamentally useless.
But this is not unique only to crypto.
It's unique to the passwords and shit you use on a regular basis
for websites and stuff too.
So it's a pretty big deal.
So with any kind of like ramp up in offensive quantum capabilities,
you'll need defensive quantum capabilities
to countermand those essentially.
It's like another arms race essentially.
So what you're saying is we're going to have Mr. Robot IRL?
You didn't watch Mr. Robot?
I don't understand how you haven't watched Mr. Robot.
No, Zinn, it's not the same.
No, they're the same as Mr. Robot.
Amazing TV series, but what basically Seth is basically saying is...
I need to watch it at some point.
No, no, it's fucking savage.
Remy Malik, amazing actor.
I know, it's not exactly the same,
but now I don't want to discuss why it's not the same
because he hasn't seen Mr. Robot.
Yeah, yeah, I'm not, I'm not, I'm not.
Who needs to watch Mr. Robot?
the dumbed down version of what Seth is saying,
because I'm dumb and this is how I think about it,
is imagine you've got the wallets
and all it's going to do is just keep working out the seed phrase,
which is just the password for the wallet,
and it's just going to recover your wallet,
still your funds done, essentially, is what that,
is the point Seth was making with content reviewing.
Yeah, and basically the issue is not so much can it happen,
we know it can happen, but in the meantime,
we'll like, say for example,
the Bitcoin algorithm changed by then.
Bitcoin's algorithm is heavily based on a hard work
that people are using called ASICs,
communication specific integrated circuits,
and the problem is to convert all of that
as a very expensive task,
and we put a lot of miners out of business
if it suddenly had to change.
So you'd have a hard time getting consensus
for changing the protocol, that would be one problem.
The second problem is that like the doubling time in,
so quantum computers are measured in how many qubits of,
qubits are sort of like transistors in a modern chip,
now chips have trillions of transistors.
Well, quantum computing is a very physical device,
it has to be certain temperature and all sorts of stuff.
So right now, the quantum computer,
some of the best that they've got is like 500 to 1,000 qubits,
and the doubling time of that has been pretty substantial,
So if you say, okay, well, if the doubling time continues,
you need something like 10 million plus qubit computer
to do a pretty good job, a fast job of breaking into
the hashing algorithm for something like Bitcoin.
So how long does that take?
Maybe 10, 12 years, something like that at current pace.
So it's pretty exponential,
it's doubling every year or something.
So these are the kind of concerns
you would have for that sort of thing.
So if Bitcoin is your only store of value
and the only thing that you have,
it's a little bit delusional to do that.
Like you probably should diversify your money
into some other things besides just that.
but it shouldn't be the only thing that you own for sure,
for that reason, unless you just like whatever bucket,
In which case you're just taking a big gamble
if you have a lot of money in it.
Morty, you were gonna say something?
I actually have two questions for you.
First question is, how long have you been in the crypto space?
And my second question is,
I remember back in the day when I was in the crypto bull market,
I remember usually the altcoins and just in general,
all crypto goes ape shit in the summertime.
It goes absolutely skyrockets
and then it calms down up until December.
It goes for another one then.
Those are my two questions.
Yeah, I've been around a long time.
I've been like playing with computers
since they first came out,
like the personal computer came out.
So that just gives you an idea
of how long you've been playing around with these things.
But as far as investing in general,
Oh, first it was just selling video game assets.
That was kind of an EverQuest.
I used to sell characters and things,
so I made a lot of money with that.
This was basically 1999, 2000.
I was in the top guild in EverQuest back in those days.
It was the second largest MMO after Ultimate Online at the time.
Actually, it became the largest one.
And then, of course, some of my buddies
went on to build World of Warcraft.
So the first digital assets I sold were that.
And then I don't really talk about anything related to crypto
only because I'm not interested in people deducing
So I don't really get into it in great detail,
I always loved the fridges of the internet.
I have a lot of interesting stories to tell,
but they can get kind of long.
It's like, entire space is worth the stories,
that are interesting regarding video gaming
Yeah, I used to do a lot of fun stuff.
I mostly don't get into the details
to not dox too many wallets and things,
which can get frustrating.
Because I don't really sell these things
mostly because I don't want, again, to be recognized.
I don't want the wallets to be known,
so therefore I can't actually sell anything.
So I can't sell anything without being sort of doxed to people.
So I just leave everything alone, quite frankly, basically.
And then your other question was like,
oh, market timing and all that shit?
It's pretty much impossible.
Every season, every little bull run or whatever
has been different, pretty much every single time.
What's not different is the retracements from the top.
Timing when the actual tops of things are is really difficult.
Because who the fuck really knows?
How do you know if a million people or 10 million people
are going to jump on and buy whatever coin you're buying?
How do you know when they're going to do it?
How do you know who's going to post some YouTube video
and make it go viral about some shit?
Or how do you know when Elon's going to tweet or whatever?
There's no rhyme or reason to the predicting of this shit.
At some level, when the so-called cycle starts
and how do you know what the exact bottom is
and how do you know whatever?
I talk a lot about how to buy and sell these things
in some rational way, where you can get most of the meat
of the move in terms of the price action,
if you want to sell and buy and whatever.
But you're never going to be exact.
Having said that, this season feels a bit more like...
Bitcoin halvening is in April.
And this season, it looks like we seem to be having
a strong year of the halvening, as opposed to last season
where halvening year was basically a train wreck
with COVID crash and all that shit.
And then the year after that was when everything sort of picked up.
And that's also because if you have a nice deep wreck,
like capitulation, where everyone sells,
all the leveraged long positions get wiped out,
then you have a really strong basis for buying a ton of coins.
Because when you have a deep capitulation crash
and all the leveraged people are wiped out,
those are all future sellers that are going to dump on you,
and you can basically just scoop in and buy everything.
And then it's a good beginning for a bull market
when you have capitulation because you basically wiped everyone out
and everyone's in the green at that point that buys.
So it's just kind of like typical market dynamics.
This time we didn't have like, we had the FTX crash
and Bankman freed and some other people getting fucked over
and a bunch of customers got wrecked
and a bunch of exchanges got blown out of the water.
So we had the deep wreckage this last season culminating in like 2022.
Of course, Terra crashed and a bunch of other shit blew up.
So we had a very deep capitulation there.
And so the bottom was the bottom at the end of the FTX crash.
So I was already buying, go back and look at timeline stuff.
I was like, hey, I'm buying Chainlink here, like seven bucks, five bucks.
It's now 20 or 18 or whatever it is.
So you can do really well doing that.
You just grab the very bottom.
At the same time, I had to wait like what?
It's like two years now for it to actually start going up again.
So even if you knew when the exact bottom is,
A, do you have the guts to buy,
B, do you have the balls to hold on to your bags for two years,
three years, four years, whatever it is?
And if you don't have the patience for that,
then a lot of people get wiped out.
Someone posted a chart like of Chainlink wallets.
They looked at people that owned like 10 to I think 25,000 Chainlink,
which currently would amount to like half a million dollars kind of numbers.
And a lot of those wallets sold in the five to $10 range over the last two years.
Were they just early wallets that were exiting in profit?
Were they like looking at the stock market and going, hey,
I'm going to go chase that?
But all I do I know is this is in crypto,
you know for a fact that people will sell the bottom.
Like if they weren't selling the bottom,
why would the price keep going down?
So the thing is like a lot of people suck at this.
And that's why the price goes down.
So they'll actually sell at the literal bottom.
And when that stops and when the panic and capitulation stops then
and people that buy at those times, you know,
are in good shape, then things will start going up.
And we've had a good solid like what year and a half,
especially for altcoins where things were just down in the dumpster,
you know, except for some like AI tokens and like Casper
and I think like whatever.
There's a few coins that ran during the last year,
but for the most part things were kind of flat.
And that's when you kind of pick this stuff up and just wait.
And usually when the market's flat for something like a year,
a year and a half, two years, then, you know,
that's enough time for pretty much seller exhaustion
and then things can go up.
And then you typically get a gigantic bull run.
So the bull run really began like, I don't know, like end of 2022,
like January 2022, things had already begun.
So January 2023, I'm sorry.
So if you haven't been buying since earlier in the year, last year,
then you're already late.
I mean, like I think last time I bought BTC was like 18K, 17K,
you know, I think I got a little bit like right there at 16K as well.
So like I was scaling in at that price range.
And even then people like, oh, yeah, it's going to 12K.
It's like, all right, fine, I'll get it at 12K, will you?
The bottom line is you have to start scaling in at some point.
And usually when these things like, you know, drop 70%, 80%,
it's time to start buying.
And you'll be on the red for a little while.
Like when I bought at 18K, like, you know,
the price fell down to 16 and 15K, whatever, but that's fine.
But if you've already like most of the selling is done and you know,
you've had a good 70 to 80% retracement, I start to buy in.
And as I do that, like then now, and then what I did is like,
I think I sold my Bitcoin at about 27,000.
And the reason I did that is because like something like Chainlink was at
It was in its top was 55 is down at five bucks.
So I took my gain and BTC, which is almost a two X, you know,
And then I bought Chainlink at like five to seven bucks.
And now that's done more than three, you know,
that's like a three X from from there.
So I was able to sort of like make some gains in that.
And had I kept BTC, yeah, I would have doubled my money there
or almost doubled there anyway.
But but I did more by going and swapping at that point.
So all coins just are better off.
But we've been in really a bull run all last year if you look at BTC.
And I think people define bull run differently, though,
like some people say it's like when the long moving averages start to go up
like the 400 day moving average or the four year moving average,
Or like some people say it's when all the retards show up
and start bidding at infinite bid where like nobody really gives a fuck
It's not like a bunch of pros and stuff.
Just buy anything, anytime, any price.
You know, that would be like more the FOMO season
where like the retail shows up and just starts buying everything.
And the reason I say that some people say, oh, yeah, like, you know,
Tik Tokers are buying whatever.
But I don't think very many people are heavily buying yet
because if that were the case, you'd have a bunch of people in spaces
and stuff asking you how to make wallets and shit.
And I haven't seen that yet.
Or you'd have like a half dozen NFT spaces
and all the NFTs will be mooning right now and stuff, right?
Like, Zen, have you seen a lot of NFT spaces go really like FOMO wild yet
Are they getting hundreds of like users and stuff and not users
but like audience in these things yet?
When that happens, that's when you sell.
I might leave it for like a month or two.
Or like, I just wait for people to get really delusional and then I sell.
Yeah, that's what you do.
I think, but the problem is like people that are new to this
are so focused on riding the wave that they see it go down and they sell.
It's like, dude, just chill.
You see it go down enough.
Like fucking chill the fuck out.
Newbies are here to get wrecked.
That's just what they're here for.
Can't you really say BTC and Ethereum have really been in a bull market
and then altcoins have been just getting started, I guess you could say.
Altcoins are just getting started.
BTC has already been a bull market and then the AI shit has already been a bull market,
And like, and then also remember usually in crypto when you break all time high of BTC,
you're in price discovery again.
You're in price discovery for Ethereum.
Things will really start running, especially as Ethereum runs because, well,
I mean, both of them because they serve as collateral.
So there's a lot of places you can borrow off of BTC and ETH.
So therefore when people feel rich in their primary collateral,
they can borrow off of that and buy whatever the hell they want.
So there's a tendency to de-gen more as the price goes up.
This is highly unadvisable, by the way.
I'm not suggesting you do this because the problem is like when you de-gen,
like if you're going to go on Avi and shit and you're going to go and buy like,
I don't know, you're going to take a million dollar position in Chainlink at $5 or whatever
and you're going to put on leverage.
At the very bottom of the market after you retrace 90%, sure, that makes sense.
But what people do instead is they start bidding up with leverage higher up in the market,
after they've maybe made a 5X or something like that.
They do this because they feel like their collateral is worth more now, number one.
And so therefore, like if they take even 20% of their collateral,
they still have a lot of excess collateral value where they won't be liquidated.
So people get gutsy when their collateral value goes up.
But on top of that, people tend to take on too much leverage.
And what ends up happening is like the market pumps, whatever.
But then if you're not able to maintain your margin ratio and your collateral's value falls,
which of course you know that these things go up and down,
then what happens is that liquidation starts to happen
and then they have to sell other assets they bought in order to cover for that
and then they basically just go into a downward spiral.
I feel like crypto as a whole is like a massive trap for young men
that I see over and over again.
And when they hear people like you talk, they're like, I want to do that.
I want to be a day trader and get really rich.
No, I'm not blaming it on you.
No, but they don't hear me.
Like if they heard me talk from the beginning, it'd be different.
But that's not who they hear, right?
No, if people get inspired to be day traders, they're like,
I'm going to start out right now.
And they don't understand.
Someone was asking me, how have you done so well?
And I'm sitting there and I'm like, there's a rhythm to it, man.
You just sit on your hands.
When you've been here long enough, you just start.
Literally, I just wake up.
I'm like, yeah, it's about that time.
I don't get upset when other people get rich.
I'm not like staring at the chart.
I literally buy and I forget about it.
So like people, young men, they look and see this stuff and they're like,
And maybe I'd say like the most unfortunate of them are the ones that
actually make money early on because then they're like,
And it's like, you look statistically at people who do this.
You're not really good at this.
Like you're going to fucking lose it all.
You're wasting your time.
Like I see, I see my crypto investments kind of like my 401k.
I'm not thinking about it.
I'm not thinking about it and I get a nice little bag.
I'm not going after crazy big bags.
But the thing is like, if you make a little patient bags,
I think I differ from Cephi a little bit here.
If you make patient little tiny bags,
those bags will get bigger and bigger and bigger over time.
And everyone's like just, you know,
how much they're spending, whatever varies, but oh,
I just wanted to chime in and say, I think, you know,
you need to go through that when you're entering crypto,
you won't learn in any other way.
I mean, people can warn you a hundred thousand times.
If you're entering this market,
so much different than any other market when it comes to the volatility,
missing regulation to the fact that, you know,
these crypto companies can literally just issue new supply at any time.
You know, they can dump millions of tokens onto the market.
So, you know, it's, you've got to go through it.
I never had to learn that lesson by being stupid.
You can't say being stupid when someone's got no experience with something
buy when everyone is talking about like ending their life.
Wait until it goes back up.
And you don't solve a quadratic equation with no basic understanding of math.
It's literally no, no, no.
People over complicate this and it's literally so easy.
Like people say it's not easy.
But it's literally that easy.
No, that'd be like saying they go up a hundred, a hundred X.
Don't fucking buy retard.
That would have been a mistake.
That would have been a bad mistake.
Imagine not buying Amazon stock because it went from four dollars to like,
like you can't, you can't use that measurement for everything.
We're, we're, we're buying tokens here.
Most people shouldn't buy.
Most people shouldn't be buying fucking crypto at any, there's too much too volatile.
The simple thing is like the,
what you don't know when you start out is how volatile something is and you don't
know how volatile it is relative to market caps and other nuances.
And what people usually do is they hop onto their whatever,
crack in Coinbase, whatever they pop onto this app and they're like,
Oh, that looks like an interesting coin.
Someone said it was interesting and they'll just take it by some of it.
Maybe they get a little bit, maybe they get a lot.
They don't have any fucking clue what it is.
And by the way, they don't know,
they don't have a big social circle either necessarily where they're like,
Oh, um, they have a vibe check about this or that hanging around on Twitter
space, whenever we hear all this stuff, right?
Or you see like the sentiment and whatnot.
But if you're not in like the social media sphere at all,
then you really aren't going to have any idea of like,
you know, who's actually celebrating that it's gone up and down all this stuff.
So it really depends on like how, where you got into it.
The thing is like, the other thing is, by the way, I would,
I would reject the idea that by the way, trad fi is somehow safer.
It's actually substantially riskier in many ways.
And the reason why traditional stocks are riskier is not because they're
regulated is because you feel you're safe because they're regulated and
stocks go to zero all the fucking time.
So soon as you start getting into any sort of like higher risk stocks,
similar to this risk profile of crypto, say for example,
penny stocks and stuff, they don't have to go to zero.
They can just drop by 95% and you're pretty uncomfortable with your
So it happens all the time in the stock market as well.
So I would say like, um, and so these trading volatility and small market
cap, high risk things generally is its own sort of, um, like education.
And I think what Tat saying is that, that basically like,
and you're not really sure what the, like, there's things in crypto you
could buy that are just over at Red Bulls.
Obviously there's some things you can buy that are, uh, valued
Like I'll give you an example.
Um, like, uh, last season, early on, a lot of people were buying like in
DeFi summer, they were buying stuff like Ave and whatever, like Dex tokens.
And Dex tokens were valued really, really terribly as far as, you know,
dilution and fucking, uh, like, uh, the amount of inflation and all this
And when you go buy it, when you go run to an app and you're like, Oh, I
think I'm going to buy some update tokens or I'm going to buy you in a swap
Like when you first buy these things, you don't realize what the nuances of
the tokenomics really are.
So it's not so straightforward.
It's just buying when everyone's, um, the other thing too is usually if you get
into a market, whether it's stocks, uh, like the tech bubble right now, um, or
if you get into crypto, you got into it.
Why you got into it because your friends told you about it and, or CNBC or the
So there's a very strong tendency for people to come in when the market's too
hot, because when it's boring, nobody gives a shit about it.
So it's like, but these guys don't have any stability.
They're like, I want to quit my job and become rich off of tokens.
It's like, you're setting yourself up to fail.
I mean, remember, like the average IQ is like, like maybe 93 at best, you know,
like take a country like America.
So the reality is like a bunch of people just don't are stupid.
So like, you're going to lose money no matter what.
I would say sometimes the dumber you are when it comes to trading.
I mean, if you simply just, if you simply just took two to one bets all the
time, uh, you have a better chance than somebody who was.
Yeah, but that's, that's, that's, that's more coped than anything.
Cause like really like the dimwits mostly just lose money.
There are few people that make money, but most do not.
95% of people lose money in this space.
Like look at the liquidity drawdowns.
You know, 95% of people lose any money.
One thing regarding what you said about the quitting your job and they going
full time into crypto, I literally did that.
You know, I, Bitcoin was at like 10,000 and I took all of my money in the bank
and I put it all into Bitcoin and then it went to 60,000 and it was suddenly
rich. So I quit my job and you know, I lost a lot of that money in the
following, uh, months and years.
And thankfully I made it.
What did you do to lose it?
Basically not knowing the cycle correctly, not knowing what.
He was buying dips in a bear market just like everyone else.
They buy dips in bear markets.
And then that's how you go broke by catching falling knives.
Exactly how you get rich.
Yeah, but no, that's how I make more money than all of you.
This point, you know, if you become a different market participant, then just
an investor over time, even if you're losing money, if you start looking deeper
into the technology and elevate your status from, you know, just a consumer
to a producer of the technology, it doesn't even matter if you, you know,
just buy it and hold it forever, which is what I do now because I don't even
have to look at it anymore.
Um, yeah, I think just to change your position in the market.
I want to make something very clear because, uh, we talked about this before.
If you're buying, if you're, if you're grid trading, basically, uh, and you're
trading without a stop, that's the most of these people buy the dip.
They buy falling knives with stop losses and then they get stopped out and they
stop out their bankroll and they, and they take these, they take the first
If you're losing, if using stop losses on spot buys, you're in.
Yes, that's what we talk about.
But most retail buyers are not putting stop losses in.
They just simply buy stuff at the wrong price and then they sell low because they
figure it's going to zero.
You should definitely like I do that too.
So if you're going to want to, if you want to trade for a living for daily
income, you should probably trade future contracts and, and, and, and that way
you can, you know, use enough margin and, and, and why are you thumbs down in
I'd like to hear your debate on that.
Because you're gambling on something you've got no control over, at least with
spot, you're not losing money.
If you're doing say at 10 times or a hundred times, leverage future contract.
All it takes is one person to tweet the wrong thing or the right thing.
Oh, I was thinking about trading future contracts on the NASDAQ or the S&P 500
It's still the same though.
Like, and the problem with the stock market as well is you've got closing
Something happens during those closing times.
Everyone sells at the same time.
You just, you're an inch.
If you're an intraday trader, you're, you're literally looking for a, a, maybe
a 10 minute to a 20 minute impulse move.
You're not really looking for, you're just looking for a small swing trade.
Like if you're, if you're relatively young in, in, in life you're much better off
having a job that pays you a lot of money and therefore you can then invest in
things fairly easily on the way down versus like people thinking that they can
fucking like, uh, become like successful kind of quote unquote traders.
And the reality is here's the thing.
If you're not particularly bright in terms of in life, how the fuck do you
know what, what stock's going to go up and what isn't in terms of like the
technical merits of say like, I don't know, like an IBM Osprey quantum
How do you know like whether it's worth buying that or not?
Uh, or how do you know like, like I know how I should buy some intuitive
I'm like, okay, this is going to change my industry for sure.
And therefore I'm going to buy a bunch of the fucking stocks.
I know it's going to go up for tour.
So there's like, there's asymmetric certainty you can get by being a relative
sort of like, you know, like especially in the tech space and whatnot by knowing
more about that particular field.
And the problem with trading and stuff is that you just can't beat that knowledge
no matter what else you do.
And so you can read analyst reports and read magazines and read CNBC or
But the problem is like, unless you actually deeply sort of get into that
stuff, it's really hard to beat it.
So I would say like, if you're like starting out, you're younger, which is
in was talking about how these guys just get themselves wrecked.
You're way better off making like a solid income doing something serious.
And then the knowledge you get from doing that you can translate to trading as
opposed to like becoming like a finance bro is like a full time thing.
Like your knowledge base is infinitesimal compared to people that are, you know,
10 X smarter than you at that point.
And that becomes problematic.
And then you can win either way.
Like, don't get me wrong.
Like anyone can sort of theoretically win trading with some strategy and whatnot.
But at the same time, the vast majority of people don't.
So the problem is in a space like this, you might be providing advice to people.
The problem is their IQ may not be high enough to understand your advice anyway.
They're not implying like I'll say something, but they'll imply something
completely different than what I meant from what I'm saying.
So like the interpretation goes into the dustbin and most people should just
sports bet to be totally honest with you.
You should be a sports better because you'd have a better chance because that
way you that way it's just a binary outcome.
And you know more about the NFL than you do about, you know, why Carvana
So there's, you know, it's a it's a it's a weird thing to do.
But what people should do when they're young is stay in school and study all day long.
But they're not going to.
Instead, what what Americans are doing is they're just fucking around.
And this is why I like they're becoming extremely competitive.
You you you like invest in yourself and you do really, really well.
Like that's just how life is.
It's so sad because like you your brain is still malleable in youth.
You should be learning as much as you can, as many skills as you can.
That should be your main focus.
Don't be lazy and see crypto as some see it as like a bank delayed
gratification that gives you interest.
Buy buy when it's low and close your ears.
Don't listen to other people.
I was I was the youngest employee worldwide when I was 18.
And so what happened to your Oracle position?
Yeah. So, you know, I was the youngest employee worldwide there.
I learned quite a lot of things.
And then I went to Datadog and I learned quite a lot of things there as well.
And, you know, I was making a hundred something a year at the age of 21.
And I must tell you, if I hadn't quit that job to go full time into investing
and at the same time trying out startups, I would have never reached the things that,
you know, I feel like when you're young while you're making some sort of income.
So you're not fucking homeless.
That's that's a key thing.
You should definitely have enough money to be able to sustain yourself.
But you should definitely also take calculated risks.
I mean, I think the best things in my life have come from quitting things
and going out to test something new and doing something different.
You know, and you have to risk stuff.
For example, with my skill set, I could basically lose every penny I have,
including every like bit of income.
And I can get a job anywhere on this planet, any country you can name.
I would be hired instantaneously doing what I do.
And by making myself completely necessary to the human race,
what happens is, is it doesn't make any difference how much money I have.
So I can fuck around and find out with more money than you can imagine,
because it literally doesn't matter.
I could I could be I could basically survive.
You could make me homeless and I would be homeless for five minutes.
And, you know, we'd get a job instantaneously.
So it's a very different way.
You can risk a lot more and you can do a lot more sort of exactly what you're talking about.
If you have a known you know for sure you can have an income source one way or the other.
And that's that's a different place to be in.
That's exactly what I'm saying is like these when I'm and listen,
Tatsu, you need to be careful because when you say these things,
it's like, sure, maybe you got lucky.
OK, but like if you go around and tell these guys this,
it's like it because I'm seeing an influx of very,
very young men that are making their plan a the riskiest plan and having zero plan B.
This is not it's not smart.
Not only is it not smart, you're setting yourself up to fail long term.
You should be developing in the same way.
He said he's still working like if you look at just up to someone like
you should listen to the whole thing like everything that he's saying because
another thing is like another thing.
One of the reasons I think that I have made money where I'm watching.
I watch other people make more money than me and then lose it all is because I'm not emotional about it.
And what allows me to not be emotional about it is because I work.
I have I have my income coming in.
So when I'm putting a bunch of money somewhere, yes, it would really suck if I lost it all.
Like you won't be able to make smart decisions if you are relying on the volatility of a crazy market to give you an income.
Not only not only is that dangerous.
People get suicidal around here.
They're like, oh, I lost all my money in anchor protocol and U.S.T. or whatever.
I'm like, why in the holy land of fuck were you putting that much money in U.S.T. on anchor protocol?
Like at no point when we had like spaces about Terra or anything like that, I was like, yeah, maybe I'll like play with like five percent of my, you know, like whatever with a little bit of leverage.
And I might fuck around just for play time's sake just to test protocols and stuff.
But like no matter how many times you say, oh, by the way, it's risky or oh, look, there's centralization risk for this and that.
Like, yeah, I mean, I put some bag in the coin and I've 10 X my money or 100 X my money or whatever.
But the thing is like I have all sorts of other money.
That's not the only thing that I have.
So even when we sit around on Twitter and stuff and post bullish stuff about some coin or whatever, that doesn't mean I don't have a job that makes more money than you do at like any given day.
So like the thing is like what different people say and what they're doing may be very, very different from your particular situation.
You have to be careful with that. Otherwise, like I said, I could I could quite literally lose every penny I have.
In fact, on top of that, I could lose my life and my family would be fine.
I've got life insurance. I've got this and I've got that.
So it's like it's almost like it would be almost impossible for my kids to be poor.
Like there's I've considered every possible angle to make sure that like they'll be fine no matter what.
Not to mention, I have like extended family that can help them as well, who are who are also, you know, like we're close enough with.
So if you have a bigger family, you have like more money amongst all the family members.
All of those family members have good jobs and whatever.
Then you have a much bigger like social circle or like family circle that can protect you.
And that stability gives you the emotional stability as well, which is extremely important because when your money, when your investment takes a dip, you're cool about it.
You're able to think about it. Other people that are relying on that dip and seeing their entire net worth go down or shitting their pants.
Like you're not able to think clearly and you're going to make stupid decisions.
You're like staring at it, especially I don't understand day traders.
You're staring at something going up and down.
Like if my Luna bag went down like millions of dollars and my like Voyager bag went to zero quite literally like the stock in the stock market.
So there's there's stuff I had that like, you know, you know, the millions of dollars down the drain in theory.
But at the same time, that's not all of what I own. So it's like, you know, I'm fine.
So you notice like during the bear market, I was still like hanging around, tweeting shit, having spaces, whatever the fuck.
Is because like during a bear market, nobody shows up. That's a different thing.
What am I going to sit here and talk to myself? So like, you know, that was kind of a, you know, but you didn't see me disappear.
Whereas a lot of people, they're like, oh, I'm like, I don't know, my life got fucked over. I disappeared. I went and did this, went and did that.
But a lot of people in this room were hanging out the entire last two years, just, you know, shooting the shit, talking, whatever.
And what we learned is like, yeah, you learn all of the details about the next protocol, the next, you know, whatever.
Like, that's how, you know, I know, Robbie, myself and a bunch of other people here, we knew because we knew, you know, Celestia was coming out.
We knew Say Network was coming out. And we knew that for like years before it actually came out, like years.
So what do we do? We're like, oh, we buy them the moment they come out, they do a 2x 3x and I'm like, fuck it, I'm out.
Like, I don't really want those things. I just like know that they're going to go up and I get them at the very instant they come out.
And I know they're not going to zero because they're like credible projects.
And that's all I need to know because if it goes down, okay, fine, I'll be a bag holder.
And I know it's going to go back up because it's a credible project. If it's not, if it's just going to pump, all right, great.
I make my 3x and I'm out of here. Who cares? I win no matter what.
Like, so there comes a point where you can win no matter what if you have the right sort of like set of information.
And and like, but you don't just ape into everything like that. Certainly not.
But a lot of Twitter space and stuff like people are talking about the just stupidest ass coins and things that have no relevance to anything like, you know, they deserve to get wrecked because they're morons kind of thing.
But it's also like you hear a bunch of people and they sound like they're having fun, right?
So I get it. Like for entertainment purposes, there's a lot of crypto stuff that, you know, people seem like they're having fun, like meme coins, whatever.
Well, great. Have fun. But like if you think you're going to like, oh, look, I'm going to look at this chart and go, oh, my God, I'm going to make 100x on this thing.
You might. But the odds are not good that you will.
I've noticed actually like the times that I notice I'm really because I think I keep my cool most of the time.
But I've noticed in myself, I think my biggest weakness is it is really easy to get addicted to the bull.
And I'm a big believer in selling before you're at I don't go for the all time high.
I've been sitting on it for so long that I don't care.
But it is hard to like it's hard to do that when you're every single day you're looking at it's like, oh, my God, I just made like a year's rent.
You know, I mean, it's like, yeah.
I want more. I want more.
It's a lot of fun watching number go up. Let's face it.
But but but I noticed like any time I get like that and I see it in myself where I'm getting really greedy, I just sell.
I just sell. I don't I don't look.
I don't let myself have FOMO like there's no point.
It'll go back down. It will.
It's point was that like you would miss something like there are certain things like an Amazon or an Apple or Nvidia or whatever.
Like there are some examples where you will miss out if you don't just buy and hold.
And I've definitely sold some bags that I shouldn't have in my life.
I've definitely missed some stuff that I faded.
My wife was like, oh, you should buy Facebook when the fucking thing came out.
It dipped like 40 percent off the IPO.
And I'm like, no, it's going to be next to my space.
She's like, no, everyone's fucking using Facebook, dude, like get it.
And I didn't. I faded her inside.
You know, we she still rubs it in my face.
I faded Tesla. Why did I face Tesla?
I'm like, who's Elon Musk? What's the fuck?
You know, it was the IPO of Tesla and it like, again, one thing at the time, it was just like a bullshit car company.
It wasn't even like capable of doing anything at the time.
You're not going to fade out early like in the beginning when IPO.
I mean, you could I still made a bag off of Tesla.
Yeah, you could have bought just a little bit.
My wife told me she's like 17.
Yeah, my wife's like buy some Tesla.
And she's like buy some Facebook.
I'm like, oh, I don't know.
People are fighting Elon and saying he's just like how in the world are you going to take on the car industry?
Like and battery battery for cars barely had come along at that point.
So it's like legitimately could have gone to zero, though.
So but like my wife was like, oh, you should get it.
Like the vibe check was like she she tends to know like it's happy.
She tends to pick up social.
And I'm like, pretty much I should buy whatever the fuck she says.
Honestly, pretty much anything she said to buy went up a lot.
But at the same time, you know, she was the one that was telling me to sell my Apple stock all my time.
Stephanie, why is she not coming to the spaces, man?
Like you've only bought Apple stock for the first 10 stock for the first 10 years we were married.
What the fuck are you doing?
Everyone says diversified. What are you doing? I'm like, fuck diversification.
Apple is the is the is the shit. And so I was right.
It was like the most successful stock of all time at the time.
So that turned out okay that time.
But I did face some of the shit that she picked.
For sure. Again, it's ego probably or whatever or just a mystery.
It was like legitimately those reasons why Facebook could have been the next Myspace or like Tesla could have just simply failed.
But I should have got some at least basically like at the time.
Well, you're not going to you're not fading Palantir, right? You're buying that?
Yeah, I've been talking about the last couple of years.
Yeah, the okay, you've been much earlier than me.
I got it on the dip, though.
I did get the large pullback around 11.
I think I picked up Palantir the first like five bucks.
What is Palantir? What is that?
There you go. Now we got a new one to the journey.
Yeah, I've got a bunch of stocks.
Like I don't do too many spaces about it because a lot of people here are like more crypto folks.
And I'm much more I'm much more conservative on me.
What do you think of Peloton right now?
It's down to like four bucks. What do you think?
Yeah, I looked at that and I actually own a gym.
So I'm like the Peloton thing.
Like there's this promise that everyone owned a gym.
What do you mean by that?
Like you have a little gym in your house?
No, it's a 12 million dollar facility.
No, it's not a little thing.
It's a big thing anyway, but like the, the, um, but no, I, so the Palantir,
I was worried that like stuff like Peloton and like home fitness shit would like be a problem for my business in terms of the commercial enterprise.
And I was like, well, you know, um, my worry was like, you know, people are going to work out at home and shit and they're not going to like go to the gym and whatever.
But my thesis about building a gym, like, and this was a number of years ago, like my thesis was everyone's gone online and all the shopping and shit's gone online.
And eventually there's going to be a rebound where people are going to be like, fuck this.
It's just everything's online and everything's closed down and people are going to have to have somewhere to go, somewhere to socialize, somewhere to meet people, singles to catch up with each other and all that shit.
And my thinking was, let's go to a bad ass gym, not just even a normal one, but just a fucking gigantic one and, um, build one with like all the best equipment and everything in it.
Competition stuff and the whole nine yards is basically like a high end performance gym.
Chugs would probably walk in and fucking blow his load.
Like it's a better gym than probably like all the gyms in the United Kingdom.
If I was to say the gym, I'd go to it, it'd be a massive docs and it's, I did start top end that don't get me wrong.
So like, so this was built like just gigantic.
It's like, um, the, the, the, it's all like, anyway, the point is, forget about that.
I want to talk about the gym. The point, the thing is like the, the, um, stuff like to peloton and whatnot.
The reason I didn't really like buy that dip is because like over and over it, it was like the fitness industry is going to go home and people are going to do this at the house.
And what we know like more and more and more is the people that don't want to spring money for a gym are not necessarily going to spring a whole lot of money for a bunch of home shit either.
A lot of times, um, especially when it comes to like subscription services and this and that.
So cause like, think about it. If you just needed to like stay fit somewhat, right?
It doesn't, you don't need a bunch of shit. You just need to walk every day. Let's just be realistic.
Like if you walk an hour a day, you're making more headway than most people are making for free.
If you do just like basic, basic free weight exercise and you're 90% of human race, you're probably going to be doing pretty good.
You don't have to spend very much money on this. So like things like cycles and things are a niche population and that like a lot of people don't like sitting on cycles and whatnot.
And so like at some level, I think the VR experience for exercise seems interesting, but it was like the total addressable market is somewhat limited and how much people are willing to pay for that shit is limited as well.
And you know this because a lot of discount gyms that are in America, like planet fitness and like true fit, there's a bunch of these little bitty ones.
The amount people are willing to pay for that stuff is like, oh, I'll pay 20 bucks a month for membership, 30 bucks a month, these little ghetto gyms.
And the reason why they want to, they'll pay that low is because like, it's funny how they'll pay only like 30 bucks for a monthly gym, but they'll pay like $150 at holiday and for the night, right?
Like so my theory was like, if you do like, if you can build a place that people will be willing to pay like $100 to $200 a month for and it's a much nicer place than the odds are that like you will get the luxury market, similar to how Apple traps the luxury market.
Peloton tries to, you know, tap into luxury market as well to some extent, people that are willing to pay like a couple of grand or something for a device.
But like my sense was that, like, I don't know, it just didn't seem like Peloton was going to be one that like really rocked it.
And luckily I didn't buy it like during all the Peloton hype because, you know, when the bikes were in the mall and everything, they're fucking cool.
I mean, let's just face it. But like the stock was just like mega overvalued.
That's just casually mentioned. He's the CEO of Equinox.
No, it's not Equinox, but I did use Equinox is like I did visit some Equinox is to just sort of like figure out what they did exactly and what like we're fit.
We're like built more for like a wabi or chugs like people that are hardcore gym rat type crowd and for people that like to compete and do sort of like what's it called like either bodybuilding or physique and all those kinds of things.
So it's like a much more like hardcore gym. Equinox is more like the new country club is what that is like.
It's going to have to invite me to this gym, because you're giving me like my dream tonight for the first time in twenty eight years, there might be a dream.
You should get the DM me like where it is and just be like, yeah, I don't talk about it too much because like there aren't very many like it and therefore it's like fairly easy to figure out who I am.
I don't get it too much. You'd know who I was then and it'd be mutually distributed, mutually assured.
No, I'm fine with you. It's just like just the general Internet and stuff. I turned out to get to like, you know, when you're in the medical, when you're in medical and stuff like, I mean, seriously, there's very little benefit to being doxed on the Internet like it'll fuck you over.
So it's not a worthy thing to like brag. Why specifically medical? There's just lots of different reasons, but like either people can get information about you for various purposes.
Like, I don't know. First of all, number one, it's just a existential risk. Like people will actually extort you, kidnap your children, cartels will steal your kids, all that shit.
So like this is a problem. So the Internet is not really a great like if you are on the Internet and you have a reason to be doxed like because, you know, it's some business thing or whatever.
Fuck it fine. If you like are building a following or something or you want to like, you know, find a date or something or whatever and you want people to know who you are.
OK, fine. But like for me, there's almost no reason to really like be doxed on the Internet like except to like stroke my own ego or something or whatever.
Right. Like it doesn't make sense. There's just too many attack vectors. And also, like when it comes to medical and whatnot, when you deal with lots of people that are dying, generally speaking.
You know, so like if in the United States, like probably 20 to 30 percent of people that are about to die or going to die, it happens in intensive care.
So it's like an emotionally charged group of people that your your patients are, your clients are.
And you don't really want to be like, I don't know, like, you know, waving some sort of wealth in front of them or even create a situation where someone wants to sue you for something or whatever and decides, oh, OK, this guy has this or that or whatever.
So it's like, I don't know, it's just not worthy, worthwhile in my opinion.
I was going to say, and you say you get the wrong hands and my advice based on something they've asked you, then they're like, I know you, I'm going to sue, you know, like, you know, because you're not allowed.
But not only not only sue, but like imagine like, I don't know, there's so many problems you can get into just by being doxed in these things.
It's not worthwhile. Like, I mean, that and remember, I've been around the Internet like since the fucking thing came out, like since you could log in and use a web browser like Mozilla and everything.
So like I was around during a much more paranoid time where people would have like accounts stolen and hacked and fished and whatever.
Fortunately for me, I've never actually suffered from a virus, Trojan or any other hack in my entire life.
And that's because I know what I'm doing. But it's also because like I take a little bit of that personal security seriously.
And a lot of people don't and like, you know, and now especially it's even more likely to get in trouble with AI and stuff where people use your likeness and everything.
Technically, we speak and we shouldn't even be speaking on spaces anymore being doxed because like people just literally copy you and call your mother and steal her money or whatever.
So it's a problem. Literally why I stopped coming into Bruce's spaces because he was doing that.
He went for that phase of like taking people's voices and making AI generative.
And I was sitting again. Now I ain't talking anymore. Sorry, Bruce. I'm not doing this with you.
But that'll be the normal soon. Like people can just like you could be at the gym and talking and people can record your voice and like replicate you.
It's going to be a real problem. But whatever the security problems are going to get worse.
But like I'm just pointing out like why my me personally, why I'm more paranoid because I lived in a time when the Internet was a lot less secure, essentially.
And, you know, and that led me to sort of a certain type of I mean, even during the days when I was playing like EverQuest and stuff, I never docked myself to any of the guild members that I played with.
Some of those guys used to kind of hang out in California and meet up and stuff or be like, hey, can you want to fly out and come hang out with us? Blah, blah, blah.
And I never really did anything personal with anybody on the Internet like ever.
Like that's something I've just all my life stuck with. That's all. And anyway.
So Friday or Thursday or no Tuesday before market close, I didn't know what to do.
So I bought a put on QQQ thinking like, oh, like probably in video won't blow earnings.
I thought it was going to be a negative thing. Anyway, I got completely waxed, completely waxed.
I'm and that money was going to go to link and I decided I'm never trading options again.
I got my ass waxed and I'm only ever buying link and I will never think again.
No, like, Karim, the simple thing is this, like in stocks, like unless you have some insider information that suggests that like you really know for sure that over some period of time something's going to go a certain direction.
Man, it's like really, really tough to predict that shit as you've just noticed.
So all I did is all I would do is like all the last two years if I had this basket of like, you know, a couple hundred stocks or whatever.
And anytime one would I just go down my portfolio list, some of my only bought one share, I go down my list and I'd be like, OK, what's down the most for today?
And if I have some spare cash coming in from work or my wife's like, Bo, buy some stocks or whatever, I'll figure out I'll just pick whichever one was the lowest relative to the other ones, all of which all of which are not going to zero, by the way.
Maybe they're not going to gain a lot of money, but I, you know, wealth preservation, I just pick some that like, OK, some of my fertilizer stocks or whatever the hell, they're not like too sexy or anything interesting.
And I'll buy them. And if they dip, I'll get more. And if they did more, I'll get even more.
And then especially because the ones that are in dividend, the lower the price of that stock, the higher the relative dividend.
I want that stock to pay me forever. So I want to catch that at the very bottom and I want to get it, catch it all the way to the bottom.
I don't know where the bottom is going to be. Yeah, I'm up. That's it. I'm such a fucking doofus because I'm actually fucking legit at stock picking like when MongoDB Atlassian all IPO'd at like 30 bucks.
Mike, everyone, every tech company uses Jira. This thing's going to moon. Oh, every MongoDB is the fastest NoSQL database on the market.
This thing's going to moon square when it IPO'd at 12 bucks. I was like, oh, this is fucking square like this thing's going to be used by everybody.
Why would you use like this? It's like when I bought Visa and MasterCard when they first came out. Yeah.
And I'm just a toilet paper Kaka hands ass investor, bro. I don't know how else to say it.
And I never learned if I just even Bitcoin, I bought that shit in 2017. I saw my old Coinbase like what you do.
And what you should do in stocks is since you have some technical knowledge, like just buy like 100 bucks worth.
Like don't even get very much or get like one share because you're like, hey, like maybe it'll go up.
Maybe it won't. And if you happen to get the wrong price, you get that one share.
And if it goes down 10 percent, double up your double up your thing.
If it goes down 20 percent from your first buy, you know, buy buy three shares or four shares and then you just like go really light.
So, yeah, one really, really important sort of technique I find is very helpful is if you hear about something,
someone's on Twitter spaces. Maybe you heard something on CNBC. Who the fuck knows?
You heard about it on a magazine or whatever. It seems compelling.
Like, you know, I initially got like archer aviation or something because it was like they're making electric airplanes and shit.
I'm like, this sounds stupid. How are you like how much shit you're going to carry an electric airplane?
I'm like, wait a minute. I faded the electric car. Let's not fade the electric airplane.
But I got a relatively small amount and basically I added all the way to the very, very bottom and it's a risk on assets.
So it basically got wrecked. Right. Because the price just kept going down, down, down.
And I added to it like very small, like in the very beginning and I escalated.
Now I've got a pretty big bag of it. And if it does really well, wonderful, like, you know, in 10, 20 years, maybe it does awesome.
If it doesn't, who cares? It's not that much anyway. It doesn't matter.
So the thing is, like, you need to have you just basically like if you have specific knowledge about something and you think, oh, this is a tech that people are going to use.
There are 100 bucks at it. Like, don't overdo it. Yeah. And don't pay for it.
Karim, all traders' problems or investors' problems are solved by reducing your position size.
That is the answer to day trading. That is the answer to swing trading. That is the answer to wealth building.
The reason why you're a shitty investor is because you're putting too much into something and you're getting shaken out instead of adding more to the position.
And listen, we all go through it, man. I tell people that all the time, like, I had to learn it, too.
In order to win at trading, you have to trade small. And that is relative. If you had 100 million dollars, it'd be a different conversation.
But if you had like if I put if I put a half a million dollars into Palantir and it dropped 35 percent, I'd be a little nervous. I'd be a really nervous.
Yeah, I didn't get that much Palantir. No, I know. But I'm just giving it over to me.
I didn't know we'd have like this much of an AI boom when we did. And I didn't know that Palantir stuff was actually going to be that useful.
Yeah, it turns out that their defense stuff is quite good.
Did you see what they released on Ferrari today?
Oh, no, I'll pull. I'll put it in the bill down there. Oh, no.
For sure. No, but like there's quite a few of these things, Kareem, that like the simple answer is like not everything that you buy, you have to sort of get rich quick on.
Now, in a crypto bull market, though, I tend to differ on this. So I bought more chain links. I did all the stock I bought in two solid years.
Why did I put it up on the jumbo trunk?
You know, so that there are certain things I have some conviction in that if I know pretty sure I can get a two X or three X, even if it's not a 10 X or 100 X or whatever, I can go into it with absolute size and triple my money or whatever in a bull market just by throwing a dart at the chain link.
Right. Like I didn't like and the odds is even chain links.
A good example of betting with size, but you're still betting on strength. It isn't like you're taking a very large position in, you know, Dogecoin or right.
You're betting specifically, I'm betting not just on like the betting on the market and that's your two things. One is the fundamentals are fantastic, but the second is it was undervalued by the market.
It wasn't like pumped to high heaven yet. And those that combination of something that you believe you know has asymmetric fundamentals that nobody else understands.
And the market hasn't priced that in yet. That's where you make the big wins, like whether it's Bitcoin early, whether it's Ethereum early, whether it's Apple early, like what all of those things required you to have sort of like a a little bit deeper understanding than probably like 90 percent of people out there.
And the market had underpriced the particular thing. Palantir is a great example. Pete, like I bought some, but I didn't go heavy into it because I didn't realize, you know, how much they were accomplishing.
I knew that like their stock pumped initially to like much higher because of like hype and then it bumped, dumped, right. And I just bought it because it dumped.
I was like, oh, this looks like a discount. I'll go get some now. Who the fuck knows what they're going to do? And then I realized, oh, wait a minute, like I'm undersized now.
So I bought more at like, I don't remember what it was, it 19 bucks or was it lately? Yeah. And then it went up to like 25 or something. So I bought more because I realized the potential.
I had more potential. Yeah, you sometimes you add to your position because like not because it's just because it went up, but because maybe you under exposed yourself to something.
And I still believe that the market was under like there's still a lot of room to run.
And so the moment the moment that Nvidia and Palantir team up and it's bound to happen, they have they both have so much money. It's bound to happen.
The video and Palantir are definitely going to team up eventually. Palantir's got like three point five billion in cash.
They're just no debt. They're partnering with everybody. I'm going to keep buying up by that. That's that's something like going back to the logic where in the beginning.
And I know that the lady wasn't making a hard rule. But just because something went up 100 percent doesn't mean it's not a good deal. Right.
Like it's still good. It's just that you can't position everyone. Just cut their trading in half. If you normally go in at a thousand, just go in at five hundred.
Give yourself five hundred dollars to buy the dip because you're never going to get I picked up like another example of something that was reasonably successful lately that nobody else was sort of bothering with.
And I was like, let's see what's going on here was IBM and IBM was the one because I had researched the quantum computing components to see how number one, it would affect my Bitcoin bags.
But secondly, how to like take advantage of that if it did. And I'm like, OK, well, who's building what quantum computers between Google and IBM and China or whatever.
And I picked up IBM at probably an average price of like, I don't know, one hundred and thirty bucks or something.
It's now one hundred and eighty six. Like who is buying IBM with me? Fucking nobody.
Like I would post about it. No one would be like, oh, yeah, I'm buying IBM with you, man. Sounds like a good thesis.
No. And the P.E. ratio was terrible. It was like had very high dividend, had good cloud computing services.
And I figured it's not going to zero. This thing, they have a cloud computing service that generates revenue.
They they have a positive price earnings ratio. They're not in the negative and they make actual earnings.
And at the very least, it'll be a store of value at the very worst, like or maybe at the very best, it gives me a high dividend because I bought the stock when it was wrecked.
And if it goes up, it goes up. And now it's like one hundred and eighty five. And I'm up like 50 percent on simple IBM stock and like old school blue chip stock and like up 50 percent within the year.
And I have the dividends that just keep paying out forever. So I bought a much larger bag of IBM because I knew that like there's there's not a reasonable chance that it's going to go to zero anytime soon.
So you can buy with a much bigger size and that type of blue chip.
But to be able to buy a blue chip and get 50 percent within a year is damn cool. Right.
Like that's like when the markets are really, really down, you get those opportunities.
But yeah, as you're going to say, I just want to defend my statement on if it goes up 100 percent, you don't buy in.
I like listen, I understand what you're saying.
Sometimes it'll keep going up. But I'm giving this rule of thumb because I have a completely different philosophy from Cephi where he says like these these young men that are like buying in and losing everything are retarded and they deserve it.
I disagree. I don't think they deserve it. They're set up to fail. They're told a bunch of nonsense and then they're set up to fail. I feel like it's completely.
Well, all people. Hold on one second. All people can't win the market.
When I say if it goes up 100 percent, don't buy.
It is a smart rule for people that are coming in and just starting to learn about this stuff.
You're hearing all these people saying, oh, my God, it went up 100 percent. It's going to the moon.
It is, I think, very, very good advice to say, do not buy. Just don't.
There's always going to be. But it depends if it's a micro cap. You don't.
I'm not upset. I don't even know about the things I've missed out on.
Typically, you know, there's no reason if you are missing out on making money, you're not losing money.
That's not you losing something. You're losing nothing. You're free. You're OK.
You can look elsewhere somewhere that you can get in on a good position.
You don't need to try to fomo in to be a part of everyone else.
Yeah, but there's also there's a component to this as well as like in a bull market for crypto, especially, by the way,
to get a confirmation that we're actually in a bull market, meaning like you've bottomed out and the long moving average is starting to kind of curve upwards.
You're pretty much already out of three to five hundred percent by the time that occurs.
So if you take the chain link, for example, right now it's close to 20 bucks. The bottom was at five bucks.
Does that mean that it's a bad buy at 20? Not necessarily. It depends on your investment thesis.
Now, is it a bad buy at 100? It's not nearly as good, obviously. But but there's definitely like where you still have a lot of the meat of the momentum move in crypto.
As long as you get in like at the relatively early part of the bull market, when only like a few hundred percent have gone up, you're still actually generally OK.
I think this especially depends on your market caps, too. You know that old parable?
No one's going to listen to me because my advice is boring.
My advice is that like go to bed at a reasonable time and exercise and like, you know, that parable slow and steady wins the race.
If you're already in the fucking bull, just chill until everyone's selling something and and and buy into something that you think will be here for a very long time.
Then you just you just said the same thing as Saffi. You literally just did the same thing as Saffi with that parable.
No, no. He just said, you know, he said if you're in a bull and you're already up one to three hundred percent and I'm saying the opposite.
I'm saying just skip. No, one to three hundred percent out of like much much higher than that.
So, for example, take a chain link of 20. Its top was a 54. Odds of it hitting that are quite high. That's still another three hundred percent away.
And then the extension off the high, you know, that's another several hundred percent away.
So the thing is, like, you've got a long ways to go, typically. And what oftentimes happens is like.
So here's the thing. If your Pete was against catching falling knives and where I disagree with Pete would be.
No, no. I'm against that with the stop loss. I'm against that with the stop loss because most crazy thought that you stop losses.
Yeah, no, forget stop losses. What I do is if I'm buying is for an investing, I will buy at larger scale all the way to the bottom personally.
And then I will just hold those things. And especially if they're like things that I believe like I want to keep long term or they have dividends or something and they're something that you just leave them alone.
So I'll buy them small and then I'll scale in larger and larger all the way to the bottom because I know this much.
This is the simple rule of all investing. If you happen to catch the bottom, you can get an easy two hundred percent.
The problem is finding the bottom. It's easy for anyone to say, by the way, oh, we're in a bull or we're in a bear.
We know exactly what price is going to go down and what's going to go up. But nobody really does.
So occasionally you have entire market crashes, like, for example, in the stock market or crypto space or whatever.
But not always like you could go like the stock market bubble lasted like 13, 14 years or something, right?
It just kept on going up. So like people are doing the whole way saying, oh, it's you missed it, you missed it, whatever.
And or I'm waiting for it to crash and they sold out everything. So it was easy to time that wrong no matter how like like responsible you were going to be.
So really like it's like if you want to be a value investor and you want to grab things when they drop, you have to have a pretty large laundry list of shit you're willing to buy.
Otherwise, you're not going to notice stuff that's down compared to the rest of the market. And not only that, but when things are down, remember, they're down sometimes for a reason, like, oh, they didn't.
The company didn't make much revenue this year or whatever. You don't know that they're going to recover the next year and the next year and next year.
But at the same time, there's no guarantee that doesn't go down even more. Right.
So like if you're like chain link at five dollars, you might ask me, like, why didn't just take your whole network and buy chain link at five dollars?
It was there like literally in October. It's because you didn't know it was going to go to a dollar like you didn't know for sure.
So like like you don't really know why it's at the price that it is like what you know.
So this is the problem. So I never know the exact bottom limit. I've never experienced.
I also would I also I would also strongly encourage people to look at the three month chart.
I know that's like a really zoomed out chart. But the reality is when you break down a whole year of trading into four candles, you can clearly see support resistance zones.
Just like just like manna right now, I don't know the fundamentals, but it's one that caught my eye. File coins caught my eye.
If you go to the three month chart on these things, it's a clear. I mean, I'm looking at a file coin right now.
I don't know how much more picture perfect you want it to be. Man is another one. But I use the three month chart.
I go to this any time I'm looking at a new stock or crypto, I go to the three months. I go to the one month. I go to the weekly.
And then if it if it looks good on all three of those time frames, I go in and then I'll start trying to find.
File does look excellent, by the way. File looks. If you're looking at if I look at H bar, I'm in half a million dollars in H bar right now.
And I think that has, like, at least say five X potential at least file coin right now has a confirmed double bottom with a bullish and golfing candle in the three month chart.
Well, and if they're close on the file point aspect, it's decentralized storage, which is like that's what it is, right, Pete?
You got to catch it. So this the whole crypto markets about it's all it's a bid market.
The technology to me is just it's really good. Don't get me wrong. But if it doesn't catch bids, right, you got to see follow through.
Yeah, it's the mixture because like a lot of crypto is not about the tech and stuff and where you can get wrecked in crypto is thinking that I believe it gives a fuck about your tech.
They don't know. Filecoin looks good because the file coin looks good because last month, the last last quarter, it closed above the resistance, came back, tested the old resistance, a support.
And if it closes good on this this candle, then I would say that it's a confirmed breakout. But I love it.
In fact, you know, I like the chart. I'm not going to wait for anything. I'm just going to buy a bunch right now. It's a good start.
It is a good chart. So is man. Man is a good chart. That's right. Fifty cents.
So so even though like this is an example of even though Filecoin has gone up from like, you know, February down to five bucks and now we're eight.
I think the likelihood of continuation is high because if you look at the longer term, like you said, if you go to like a yearly chart or whatever, like I love the three month, especially with stocks because it looks fine.
It breaks it every the three month chart to me is a secret chart because it breaks. It breaks the whole year into four candles.
It's simple. It's simple. In this case, too, like granted, I didn't drop my whole life savings in when I said I bought some, I bought it.
And if it dips a bit like, let's say we pull back, you know, 10, 20, 30 percent, I'll just add some to it and call it a day and just ride this thing out for the bull market.
Yeah. So so just kind of give like a preface. Right. So what what what I do is I take the previous three month candle and I chop that up. Right.
So I'll go twenty five, twenty five, twenty. So one hundred percent of that that that range of price divide the candle and the fours and put buy orders on all places.
So if we if we if the price comes down, twenty five percent of that candle I'm buying, it comes down another twenty five percent I'm buying.
But I'm buying the range of price for the prior quarter. I would I would adjust your strategy one way, though, in that I would I would in crypto because the downside volatility is exponential.
You want to you want to size exponentially. So like maybe start at one hundred dollars and then go first by then go to two hundred.
Then go. I usually do. So I went I talked about this with a quantitative firm like where there was a guy building a he was building an actual like robotic platform for quantitative trading.
And I told him my strategy, which is to go like one, two, four, eight, sixteen, thirty two.
So basically just like, you know, like the binary system and he said that like you really like they found in crypto that especially in like all coins and whatnot, your ratio should be like more like one, three, nine, twenty seven.
So multiples of three is even more conservative.
So that way you your bottom buy is absolutely like much larger than your initial buy.
So your your your your cost basis is dropping substantially.
And you can obviously only do this and stuff that's not going to go to zero.
Like, you know, so the problem in crypto is like, are there occasional projects or platforms that go to zero?
OK, sure. So you don't want to martingale into something or exponentially scale into something or what they call dynamic cost, dollar cost average into something.
If it's something that with a high likelihood of going to zero, you would only do this in something that you felt like probably would come back the next bull market.
And even then, like Pete said before, allocations, everything.
So like, yeah, you only have to just buy five dollars of it.
And then, you know, the next buy would be 10 and the next guy by 20.
You don't have to go crazy. Yeah.
You're hoping the market you're hoping the market gives you the opportunity to go big instead of you deciding to go.
Right. Exactly. Exactly. And and the other way this works is like if you look across the market of both stocks and crypto, there's always some shit taking a dip somewhere.
So I have like a general saying that something is dipping somewhere in the world all the time.
So like some one of the things I do on stock market is I'll go to the list, you know, like the top losers list.
So like for some reason, like some drug company or something that is not going to zero, like has a bad quarter or whatever.
And, you know, they're down 20 percent or some shit. Right.
And I'm like, OK, boom, I'll just jump in at that point.
So because like 20 percent of the downside risk is already been mitigated already at that moment.
But do you look into why or do you just buy? It depends. It depends.
Good question. Like if it's just some company you've never heard of, like it's just complete like whatever, then yeah, you're going to have to look into why.
Because just because something dip 10 percent doesn't mean it can't dip another 90.
So then you'd get into the why. If it's a company that I know about, like let's say it's a large farmer company or it's a large tech company or something like that and they miss some earnings for some,
especially if they miss an earnings because a macro reason like, you know, maybe like interest rates are high and therefore Portia is not selling as many cars.
Then I'll buy Portia at that point because there's nothing wrong with the company itself.
And you might have some quarters or even years that they perform underperformed because the the environment is not conducive to selling cars or something like that. Right.
So that's an example of where like, OK, I'll just I'll start scaling in this way.
It has to be a company. You only scale into something in this manner if you believe that the company is not going to zero.
But even if you thought it could go to zero, you could just basically allocate smaller.
Your bid size should be really tiny so that if you lose your money, if you lose all your money, you don't care.
Like, OK, my 50 bucks is down the drain. Whatever. Right.
Like you don't. So by having like these kinds of diversifications.
So diversification to me is not just about whether or not you like your whole portfolio goes to zero.
Diversification is because if you have a portfolio, the bunch of shit in it, you'll know what's read on a given week.
So all I have to do is go into my little whatever brokerage app and I just sort it by the worst performers in my entire portfolio.
And then even then I'll take those and go, wait a minute, like out of the 10 worst that I have here,
which of these should I add to? Should I add to the worst or should I add to the one that like maybe has higher dividend but isn't going anywhere?
And maybe like macro is bringing it down and go back up again, that kind of stuff. Right.
So you can then basically just scale in and into those things.
And so the larger the portfolio you have in crypto and in in stocks, the more stuff you're watching, the more likely you're going to see something.
So I'm a serial knife catcher is essentially what I do. I buy everything.
I don't care about the market cap when you do these things or for example, you mentioned Filecoin.
And when I look at Filecoin and I see it's got a I think four billion dollar market cap right now.
And then I look at other things in the market and I think, OK, well, you know, this definitely by market cap, I'm not talking about the growth or the history of the asset,
but simply by market cap compared to, you know, the other assets that are competing with it, it's like overvalued.
Do you never look at that? Yeah, for sure. Like I don't care that much about Filecoin.
I just happen to notice that what Pete noticed just now, which is that like I'm using Pete's alpha here and say, hey, like the chart looks good.
I think it's probably good for continuation. And therefore I'm gambling on a little bit.
And I'll probably sell it. I don't want to hold this fucking thing with like fifteen billion dollar fully diluted market cap or whatever.
So I agree with you that, yes, it matters for sure.
But like in this example, because the chart looks good, the chart basically tells you nobody cares about the market cap.
The chart tells you that basically people are bidding it up one way or the other.
And that's the pizza point that like what catches a bid and what's technically great and what has the perfect tokenomics.
They're different things. And if this was, by the way, if this was not in the very beginning of a bull market, you know, and it was already like halfway to its prior high.
By the way, its prior high is like one hundred eighty dollars, one eighty. It's now about eight dollars.
If it was a hundred now, there's no fucking way I'd be touching this. Right.
But at eight bucks, you know, could it run up a little bit? I don't really care.
I mean, at this level, if it does a two X, I'll sell it. I don't really care about Filecoin.
And I certainly don't like its market cap numbers. I agree with you. So if it does a two X, I'm out and done with it.
And then I'll jump into something else that is not run up like Zen was saying.
I'll find something else that may be like something brand new or whatever. There's always something new coming out in crypto, by the way.
VC stage investments and said, I mean, from what I heard from you, you do invest quite a lot of money.
Why don't you get into projects and like the private private sales stage where you can literally get like, I don't know, like 13 X, 15 X discounts?
Honestly, it's because like, I don't know, I'm too fucking lazy to do all that.
I'm talking to people. It's it's you can I mean, you can do it, like, for sure.
But there's that that results in several things. One is oftentimes you have to adopt yourself to all these different people.
The second is that like those things are not guaranteed to go up either.
Number one. So you'd have to do multiple things. You have to invest in multiple VC stage things to do this.
Angel investing and whatnot to hold like section. Some people are great at that, by the way.
I'm not fading that. Like it's wonderful. Like people should angel invest in everything.
And it's how new markets are created and how new products are brought in.
So I love it. But like for me personally, like if I wasn't like in medicine and I'm already like, you know, my wife wasn't already busy and shit like she's working today.
And I'm sitting here fucking around on Twitter spaces after I came home from work.
So the thing is, like, if we weren't already busy, then it'd be like, all right, yeah, maybe I'll do all that shit.
Right. But like there comes a point after which like I like to play on two spaces.
I like to play on crypto. I like to play with some stocks. I have my usual IRAs and all the bullshit.
But like I just it's entertaining for me. And when you start when I start getting deeper into VC, this and that, it becomes less entertaining for me.
Like, so that's the only reason I don't do it. Like, to be fair, I think do what's fun.
If you do it, you like, you know, and you can sustain in terms of lifestyle or whatever, then you're much more likely to stick with some kind of plan or program.
But you don't have to be everything for everybody. Like, you know, some people like, oh, I go in there and I buy bunches of NFTs and stuff.
It's like, why don't you get into the next NFT thing? I'm like, because I can't be bothered to check on the fucking price of NFTs and marketplaces and figure out all that shit.
Like, you know, which one to what? Oh, the whitelist thing. Fuck that.
So the thing is, like, I'm not sitting around discord wipe, you know, like sniffing somebody's butt in order for me to get like whitelisted on something so that then I can go and like figure out when to sell it and whatever.
And it doesn't make sense to buy the thing at cash value if a bunch of other people are getting the fucking thing for free.
Like, the entire thing makes no sense at all to me. Like, yeah, in the very beginning, when ether rocks and fucking, you know, punks and stuff were selling.
OK, fine. Like, there were some groups that made a lot of money, you know, but are you going to do this with every NFT thing now?
Now that there's so many of them, that's, you know, that's one of the reasons I don't want to do that is just it just divides up my time in a way that I don't enjoy.
That's all it is. Agree. And the market dynamics of the NFT market are generally completely screwed because the liquidity of that market is completely different from a fungible token market because every single asset is unique inside one of these collections.
So you don't have someone, you know, simply go to a collection and buy one of them. They choose a specific one. And yeah, I think, you know, the NFT market is probably it was long term, I think, very unhealthy for crypto's image.
And it damaged the industry significantly. And it also damaged what an NFT actually could be, you know, when you're talking about the real world asset tokenization or when you're talking about, you know, using the NFT for some real utility versus unlocking another JPEG.
I'm not particularly worried about the sort of like the reputation of the industry kind of problems, like every single thing that in crypto has caused reputational damage at some level.
But then again, so do a lot of things in the stock market, like, you know, solar companies that go literally to zero and stuff.
So I'm not so worried about that. Like, I think that like in the end of the day, good tech and use and entertaining things will win out and people will make money off of them and people will continue to invest in them.
I don't have a problem with that. In NFTs, like the only time I've sort of thrown money at things is when I don't intend to sell them.
So, for example, in Cosmos, if I have some friends and they have an NFT project, you know, I'll go buy their NFTs. Why do I buy their NFTs?
Because I'm literally supporting friends and I'm supporting people that like are actually bringing attention to that particular blockchain for which I have money in.
So, for example, if I have money in Stargaze and I have the Stargaze token, I go buy a bunch of Stargaze shit just to support the community.
But I'm not there selling it. I'm like the like I'm raising the floor price, essentially, because I'm just buying, you know, a bunch of stuff and just not selling it ever.
And I don't actually really contribute to the trading volume or shilling the NFTs or anything else. I just buy it.
And some of them, if I enjoy the art, like I think it's fun. It's kind of cool. There's also a cool element of like, you know, if you buy some NFTs this year, it'll remind you of 2024.
It's almost like a photo album, like what was happening in crypto at the time. And that's kind of a fun piece of it.
Like I know, like I bought a bunch of different Cosmos NFTs, some that friends created, you know, people in this space have created.
And I look back at those and I'm like, oh, that was fun. Remember that time when, you know, we all got together and like made fun of Joe and made kooky pictures of him and like posted him on Stargaze.
Now I have Joe, Joe NFTs or whatever. So a lot of those kinds of funny things I think is entertaining.
So I think like in crypto, entertainment is a good reason to be here. Like if you're buying NFTs because you think they're fun. All right. Wonderful.
Like get them, entertain people, support artists, do all that shit. That's all great.
But like if you're just for me to go into it to gamble on different prices.
I didn't want to become an NFT discussion, but the point is like do what you think is interesting and do what you think you have an edge in.
Do what you think if you had to get an edge, you have to spend a whole lot of time understanding the technical nuances of some sector of crypto or DeFi or whatever it is.
Do what you think is interesting. And then out of that, like decide if there's an investment thesis for you in that thing.
But the time that you spend, you're never going to get back. Right.
The time that you spend waiting for your bags to go up, that's not coming back. The opportunity cost of your bag sitting there doing nothing, that's not coming back.
At least fucking have fun while you're doing it is my is my general concept of this.
So that way it's like you look back on the previous two years of bear market, you know, oh, I had some good times.
We met some friends. We had some great conversations, whatever is a whole lot of fun.
So I think that's a thing in life that like as long as you're having fun, you know, and then on top of that, it's like that fun can lead to you making money.
Then it's a double whammy. Whereas if you're just in pain the whole time or you're just like suffering because you're watching your bags all the time and you're not having fun.
Then now your life is shit and money is not going up, which is a double loss in sense to me. Yeah, you're saying more.
Do you say something? Oh, yeah, sorry. Just purely your opinion only.
I'm sorry to talk about link all the time. But what do you think would be a purely fair price to sell it at?
You mean like where you're pretty sure it's going to get to and like you could sell it and be sure that you're making you're in the game.
And let's say you let's say I was in your shoes today and just purely your opinion only.
What would you say a purely good valuation only could be.
So what I am doing with I'll just say what I'm doing with it that way, you know, I think my average now is like 12 to 13.
I bought as high as like 15 as low as like around five to eight right that region.
So my average is higher because I bought a lot more more recently.
In fact, I bought some on this recent dip just to 1780 and now it's 1850.
So I adds a little bit smaller amounts when it's higher sometimes.
And what's my thesis? Why did I get more yesterday? Why did I get more the day before?
Because my thesis is it's rational for link in a bull market to reach numbers like 100 bucks and higher.
So therefore we're still like a 5x from there.
At the very least, if I had to get out like I need to buy money for something, I got to go buy something.
And you know, what is a reasonable time period for link to reach say prior high?
I would say it's highly probable within a six month time frame.
Prior high is like 54, 53 dollars or something like that.
Again, we're down at 18. Still a 3x from here approximately, right?
So if you say, OK, well, a 3x is not bad, you know, and say, well, I'd just like to get out when a 3x and I'm done, that's fine.
You know, go for it. Do that.
On the other hand, in my mind, it's actually difficult to find something with the fundamentals of Chainlink.
There aren't that many things in crypto with those fundamentals.
So it's like, wait a minute, should I like, like, should I under.
Like, should I undersell it and like decide to like just exit too early?
There is such thing as just like taking all the time to figure out the fuck something is and then not holding onto your bags properly.
So that's what you call fumbling your bags, in a sense.
And it'd be like buying Bitcoin at like, you know, a thousand dollars and then like selling it at two thousand and being out of it.
Like, that's kind of a bag fumble if you think about it.
You profited. Yes. But at the same time, it's one of those things that you're not going to find.
Another one like it very easily.
And therefore you should be more careful about it. Right.
So in this case, like from the perspective of Chainlink, it's like, yeah, can it reach like a good extension around 140 ish if you have a strong bull market?
I think so. Can it pull like an ether on where it goes to like more like 250 plus for second cycle?
It's possible. So I think like somewhere in the 100 to 250 range, I don't know where it's going to go, is possible to get there.
I'm again, like I'm not saying it's guaranteed to get there, but it's possible.
And therefore, for me, it's rational to hold for at least that region. Now, could I like exit some of my position?
Could I say like, OK, at all time high, I'm going to sell 20 percent of it.
And if it dips around that time, I'll just buy it back so that I can just increase my stack a little bit.
Maybe because there will be some classic resistance points on the chart, like FIB levels, where you're almost always going to get some pullback because traders have a question.
Do you look at the new tokens that they released?
So do you look at the market cap chart as well to understand, OK, well, last cycle, they had this many tokens in circulation.
You don't just by price, not in a bull market.
And the reason is because like the vast majority of market participants don't pay attention to any of that.
They just bid it up based on what they think the price is going to go to.
They don't actually know any of that.
So what happens if you over right curve it here, overthink this is that you don't realize how high these things can go when the sort of pump and mental start coming in.
So I agree with you that like the higher supply that is released in the market is a is a more overhead resistance, technically speaking.
And if Chainlink is selling some, that's some overhead resistance. Yes.
But in a bull market like I mean, there is stuff out there right now.
People are buying shit like I don't know, Celestia and they're buying say network.
I mean, the F.D.V.s on those things plus the network, the network, what do you call it?
Inflation is substantially higher than whatever is the extra supply coming on the market with something like Chainlink.
So on the one hand, if you overthink this stuff, right, you take something with great fundamentals, you overthink it, you worry about something that no one else cares about.
Yeah, I think I'm not worried about that as much as a lot of people.
There's definitely some people that flood that like they're like, oh, they're selling and whatever.
But it's not like if you look compared to so many other coins that have performed really, really well, I'm nobody like a lot of people don't give a shit about any of that.
Like XRP is a great example. The coin does literally nothing.
It does nothing of utility that you have to own the coin for.
I get it. It's like, you know, ripple, whatever.
And, you know, ripples doing interesting things with banks or whatever.
But doesn't the coin value does not is not needed to be at 40 billion dollars or 30 billion dollars.
But yet there it is. So the thing is like with each bull market, a lot of stuff pumps to new bull market levels and creates new lows in the market.
And, you know, I think like Chainlink is a good example.
If you get a gigantic pump, let's say it goes to a new all time high and then it pulls back during a new bear market.
What is the new bear market low for Chainlink?
I'm guessing it's probably going to be in the 30 to 50 dollar range, if not higher.
So if I believe that 30 dollars is the new bear market low and right now it's at 18 bucks, like what more do I need?
No. Right. Even if you include all of the chaos of like supply and whatever else. Right.
But if you can get to some high, maybe you miss the perfect top.
Maybe you bag hold as long as the new higher low is higher than what you buy it at now, it's better than most of the stocks I'm buying.
Right. Because if it goes from 18 dollars and settles in more like 30 for the next bear market, I'm still doing pretty good.
Right. Compared to the stock market.
That's why I can buy this as size because it's not overvalued relative to the future low.
I think it's going to have that makes sense.
So I guess. Yeah. So I guess from what I'm understanding is you're discussing about Bitcoin fumbling your bag.
One from what I'm understanding about Chainlink is you technically don't ever want to sell it. Right.
In theory. Yeah. It's like could it be the next Amazon or something of the crypto space? Yes.
Because they're literally trying to connect everything to everything.
Nothing else in crypto is at that scale. Nothing. That includes Bitcoin, by the way.
Like Bitcoin is not connecting everything to everything. It's it's quite truly failed at that exact problem.
It's become an interesting store of value, but practically no one's accepting it for payments for anything.
I mean, like practically no one in the real big, big perspective.
So it has found product market fit in the store of value narrative, whereas Chainlink's adventures are a little bit different.
Now, people rightly criticized Chainlink in the past for the token not having particular utility and all sorts of other components.
But what Chainlink has done is they've listened to the community and they have at least created reasons why you have to have Chainlink tokens to actually use the network
and stake it for various security features of the new networks that are being built.
And because the number of Chainlink node networks is basically infinite and is scalable infinitely, it doesn't require it's not a blockchain.
Remember, so the token, you know, like you can't slow down the Chainlink network because all you have to do is add more computers and now it's faster.
Right. It's a it's a very, very scalable system because it's not a blockchain.
And if all of the different blockchains in the world do better, Chainlink does better.
If people use their services and products, Chainlink does better. If TradFi connects things to Chainlink, Chainlink's coin does better.
Not only that, but remember, a lot of crypto is based on narrative.
So if a lot of different companies are connecting to Chainlink, let's say, for example, Swift banking system or the stock market system of DTCC or Ethereum layer two's or Cosmos layer two's, whatever.
Every single thing that connects to Chainlink will create social media buzz and YouTube videos and fucking like, you know, news articles and all this other garbage.
Right. And you know that like the one of the biggest problems if you've been in crypto long enough is one of the biggest problems is how do you dominate the news cycle over the long period of time?
And that's one of the hardest things to do. And like Bitcoin had a big news cycle thing.
Why? Because the ETF, ETF, ETF, right? It's all anyone talked about for the past year. And now that it's approved, it's like, wait, everyone's looking around going, wait, what are we going to talk about now with Bitcoin?
Like, there's nothing left to say. And so the question is, like, is it saturated because at least in terms of media attention, is it saturated?
Actually, the ETF continues to bring cash flows in. So that's a different thing. Yeah, they're all talking about the inflow now. Now it's all about how much is coming in.
Yeah, but at least you have a metric and you have a legitimate reason for cash to flow in. Right. So at least that's fine. But my point is, like, as far as like narrative, news narrative, what the fuck are you going to talk about now?
Like, oh, look, my Bitcoin bag is going up. That's about all you can say now, for the most part, or maybe like a country is adopting or whatever.
That's what the boomers want to hear, though. So that's what they're going to. Sure, sure. But my point with Chainlink was that one of the I know, I know what interesting about it is there's like there's room for lots of lots of recurring narratives.
And most crypto chains do not have that capability at all. Like most chains out there have quite literally not only no narrative, but on top of that, their narrative is being diluted by tons and tons of other layer one chains and duplicate copies of DeFi projects to infinity.
And it's quite literally no one cares anymore. Like when's the last time you have a DeFi project open up and you're like, oh, man, I've got to throw my money at that thing.
I'm going to go and like make millions on that, you know, whatever protocol.
For sure. I'm wondering one thing. Have you ever come across Hedera hashgraph or H bar? And if so, do you have an opinion on that?
Yeah, Hedera and and constellation DAG and some of these DAG type things are interesting.
I don't follow them enough. They're they're very scalable. I don't follow them enough to make any kind of like big sort of useful like sweeping statements about whether they're investable or not.
I do know that they have had issues with traction in terms of bringing in crypto speculators because maybe they're just so boring that nobody gives a shit.
And that's another thing, by the way, you could have good tech. Maybe they're good tech. Maybe they're not.
I'm not saying I don't know either way. But the point is you can have good tech that no one cares about. And that happened during the time during the history of tech.
A lot of companies have that problem and you don't hear about them anymore because they died. So well, it is important to us.
Shill ability for sure. Yeah, you know, these folks, they're they were like very much focused on the enterprise.
So, you know, they have Google, IBM, Boeing, Dell and 31 companies in total running the network and governing it.
And they're basically very afraid of somehow getting screwed by regulators. So they don't do a lot of they didn't do a lot of retail marketing, but now they're starting to do that.
And, you know, the government of Saudi Arabia just invested two hundred million dollars into creating a venture studio that purely builds on top of this technology.
And it uses something unique called hashgraph technology, which this dude from the Air Force called Dr. Lehman Baird invented.
And the cool thing is he's now invented something new that enables decentralized wallet recovery.
And that's together with Algorand and a couple more chains being implemented across the entire industry, hopefully.
So I think you should look a little bit deeper into each part if you have the time. And I'd be very happy to help you with that as well.
And for sure, decentralized wallet recovery is a like important function or abstraction that the end user does need.
So, yeah, if they're building cool stuff, that's awesome. Like and in a bull market, remember, everything sort of catches a bid.
But let me grab a couple of new folks that jumped up real quick before then. Jeff, did you have something to say about any of this?
Oh, my God, he's got like an echo in a bathroom. Are you in a sewer or something?
Wow. Thanks for that. Yeah, that sounds terrible. But what is that?
Sounds like he's in a sewer.
All right. OK. Oh, my God. Thank you. Thanks so much. Have a great day.
Maybe I can I can put it in an audible. That's hilarious.
Dan, you're we can say something. Yeah, I want I want to say something. Thanks a lot. Did I get the opportunity to speak?
My short question would be I see that you also post a lot of information regarding several protocols.
And I read a lot of this project on X as well from other influencers.
My question would be, I'm from Germany and I know that Europe and German government, they want to forbid the privacy coins.
And I don't know how the situation is in the U.S., but this this project seems legit and they are back with a lot of money behind that.
It cannot happen like we have it with Luna. But the point cover that. Yeah.
So basically privacy coins with ring signatures in particular is something that Europe is against.
And therefore, like if you want to buy the coin in Europe, you would have to use a VPN and go to an exchange and go do that.
It's not technically illegal to use a VPN to go use an exchange and buy it overseas.
You just the those exchanges simply can't sell it to European customers like knowingly.
There's the thing about Zephyr is because it's self-contained, you can convert from ZSD to Zephyr within the wallet that mitigates some of the issue of having to have a centralized exchange at all.
Number one, second thing is the question of U.S., U.S., it's not banned to use privacy tokens.
In fact, if you go to Kraken or Coinbase right now, you can find privacy tokens as we speak.
So that's not a problem. That's not to say that it won't be a problem in the future.
Elizabeth Warren's just one of the Democratic senators in the U.S., her legislation that she was supporting would try to ban these things.
So that can have a role. But at the same time, there's a lot of fringe exchanges out there that want to use that basically don't care about what governments say or don't say.
They pop up all over the place and people create ways to buy and sell these things.
So the more pressure there is against the government, there's always someone available to create an alternative.
So Monero is a good example. The dark net on the Internet is a good example. It still exists today.
Plenty of different places to do these things. Now, here's the thing, Dan.
If I was buying Monero mostly and the market cap was like two to three billion dollars, then I'd be a lot more nervous about this.
But in a crypto bull market early in the bull market with a market cap of like 50 or 60, 70 million, the upside is really, really high.
And the asymmetric bet I'm placing is that in a bull market, it can catch a bid just like everything else.
And in my head, I'm projecting numbers for Zephyr of one to three billion market cap.
Why do I project this? Because if you look at Monero, which is two to three billion dollar market cap,
and it has Zephyr's hash rate has already surpassed it.
So to me, like it's a pretty good asymmetric bet on the bull market generally.
It's not to say that like, is it the only thing in a bull market you can buy?
No, there's a lot of stuff that small cap is going to pump.
So but like the privacy narrative speaks to me.
The conversion from like stable coin to unstable coin speaks to me.
The fact that you have a proof of work coin in the form of Zephyr within the ecosystem.
I think that's important. Luna and others didn't have that.
And then Haven, which is another project similar to this, that failed.
It failed because it used an algorithmic system versus a over collateralized system.
So with this, it solved almost all of the problems of all the other stable coin systems
and privacy systems that have come before it.
And having been in a variety of those and watching them crash and understanding exactly why they crashed,
like talking to Dokuan and other people.
Like I have a better sense of what the fuck this is all about.
So like, that's why I was a little bit more aggressive in my purchases of Zephyr.
It's why I think it's interesting.
I think the team has put together a very interesting concept.
It's not risk free, by the way.
So nobody should construe it as such.
Like, you know, I have a sizable bag of it and I want it to go up.
So that's my bias and that's my disclosure.
So like, we take everything else with a grain of salt, assuming it can go to zero, as I do.
And, you know, like, there's team tokens, could they sell a bunch of it?
When I say zero, like, I don't think the protocol is going to go to zero.
It's basically on RandomX.
And Monero has been running for quite some time on that without new hitch.
But, like, could it go to zero from the perspective of, like, I don't know, an Oracle risk or something?
Or maybe it could go to zero because, like, the team sells all their tokens all of a sudden and dump Jeets on you?
Or something like that, right?
Like, it's possible for problems to happen.
So I never say that, like, it's completely safe.
Of course, no one's going to remember this conversation.
They'll only remember the bullish tweets and stuff.
But I think it's worth my risk.
And it's a project I think I believe in, number one, in terms of, like, it being a useful thing.
And I believe in it from the perspective of it being useful for me.
So if this project is at a billion market cap with half decent liquidity, it has personal utility for me that I want to use this for.
Because let's say if I was in Monero when, like, the market cap was 50 million and now it's, like, 3 billion, I would be quite happy with my Monero bag even though it went from 10 billion down to 3 billion or whatever.
This is a similar situation.
It's early enough that, like, if it moons great, if it doesn't, I probably won't lose very much anyway because the market cap is so small that, like, you know, it'll probably come back up.
You know, I think it's bullish at this chart, at this price level.
Yeah, I completely get your point.
Really, really good explanation.
And also, one other thing, Dan.
There are quite a few coins that are on only, like, one or two exchanges.
Like, for example, it might be on MEXC or TradeOg or whatever.
There's, like, Cubic and some other ones.
Cubic's, like, on Safe Trade and MEXC, those are tiny little exchanges.
And it has, like, there's, like, a 500 million market cap or some bullshit.
Like, you have these numbers on some of these coins that are obscenely high for projects that are, like, a fraction of the utility of this.
So I feel comfortable with the upside in a sense that I'm willing to hold it.
Like, so comparable is in the market.
It makes a completely sense.
I also get in this project somewhere at $11 to $13.
And I didn't know, for example, that I cannot buy it normally if I'm living in Germany because I can't...
I don't use a VPN server.
I can normally buy it on MEXC.
Maybe this is because MEXC is sitting maybe somewhere on Cayman Island.
Yeah, I think MEXC, I believe, is in either Singapore or, say, Shells or somewhere.
Yeah, I mean, they'll eventually have to...
They'll have to buy OFAC and whoever also eventually.
So they're not going to be...
Like, you know, it's not going to be available forever.
But that's the key, is making sure that because it's such a small market cap...
And by the way, this bull market, like, here's the thing.
The bull market could last, like, I don't know, let's say a year.
As long as, like, nothing happens within a year, you know?
Like, and I switch from Zephyr to ZSD.
And then later I can slowly bleed out my ZSD into Zephyr and sell it at some point in the future if I have to.
So the nice thing is, like, I don't have to rely upon the exchange to trade this thing to some extent.
This would be my next question.
If I have my coins on their wallet, I can directly swap them in the wallet instead of bringing them back to ZSD and sending them...
There are stipulations that the fee is high and it's the moving average price of Zephyr that's used for the conversion.
If you want the best price in terms of selling, it's just going to be to go back to ZSD.
But if you have a large bag like I do and I sell it all at once, it's going to cause the price of the chart to dump,
then it's better for me to convert to ZSD because then, one, I won't face the slippage of my own sale,
but also I won't dump the chart for everybody else.
Like, so it provides whales an opportunity that you don't have in other coins.
The only question would be, like you said, for example, if my bag is high then as well in the bull market,
if we do from here maybe a 20 to 50X somewhere in between, and in one year maybe there's not any more the possibility to sell it to Maxi
because they bent it and cannot sell it in Europe anymore, then I need to take the opportunity to sell it or to switch it to the stable coin directly on the wallet.
And some of the guys are building little decks that convert Zeph and ZSD to things like Monero and convert to things like Bitcoin and stuff.
So there's going to be some atomic swap possibilities as well.
So if your bag is gigantic, well, number one is something like this.
Your bag should not be gigantic.
Like, it should be reasonable, such that if a thing does 100X, you're really happy.
And if it goes to zero, you're not really losing out too much anyway.
This is what I would recommend generally.
Like, set your expectations like that.
Yeah, I understand completely.
But maybe then as well, one last question.
I don't want to disturb you at the chat.
Like you said before, some coins like cubic where also a lot of people are talking about,
and I always see how gigantic is the technology behind what the people are telling and what they are sharing.
Why is this project or such a promising project still only on this shady exchanges available?
No, the reason is simple.
It has to do with how do you get coins to be added to new exchanges.
So if you have a fair launch project, which is a team project, the problem is that you have to pay a lot of actual,
you have to give away a lot of your coins, those exchanges, to list them.
And they sell those coins and they might sell half of them for stable coins or something.
And it causes the price of your coin to drop and you basically like have the market makers counter trading against your users.
So the reason was on the one hand, being on more exchanges can be lucrative if a lot of new users come on board.
In the early stages, it can actually be quite negative and make your coin price suck during a market where it otherwise would do fine.
So a lot of these small coins, nobody really cares which exchange they're on.
People these days that are buying these coins at the smallest part of the market cap range, these are not like retail users that are newbies, right?
These are people that have been here for a year or two or three. They're the ones buying and they're perfectly comfortable going to any exchange they need to to sign up and get the coin.
So what I'm saying is like if you give a bunch of money to a large exchange like a Kucoin or Binance, then you should do this after your coin already moons to a much higher price.
So let's say Zephyr as an example, let's say it gets to a billion market cap.
Okay, wonderful. That's a great time to get it to list on Kucoin or some shit.
A bunch of new retards on Kucoin will bid the thing up.
They'll put in like, you know, they'll put in a bunch of like, what do you call it, leveraged orders and they'll pump your bags.
So there's a lot of liquidity that shows up there and it actually functions as good exit liquidity for you who want to sell later on.
But what you don't want to have happen is a bunch of run exchanges get set up where the team has to give them a bunch of Zephyr tokens and that creates selling pressure.
Now it keeps your market cap down. And you know what the first rule in crypto is?
The first rule of crypto for teams is price is the strongest meme of all.
Like there's no, like it's not the tech that people buy, wherever. If price is going up, people buy and people buy, the price goes up.
And so therefore, like anything that you do to mess that equilibrium up, you have to spend a way more time in marketing and other things to sort of compensate for this.
So I'm actually against micro caps going to lots of exchanges unless unless they're VC funded.
So VCs are funding them and they have a budget they've already set aside that they already put actual real world cash, like let's say, you know, Coinbase Ventures or whoever the hell else.
They provide like five or ten million dollars worth of liquidity and they are already providing that.
Then, of course, like, yes, you know, the whole point of buying a VC owned coin is because they're going to pump your bags.
And they're going to pump it based on the market makers they choose.
And they're going to pump it using the the bags that they supply with actual cash.
And they will eventually dump on you to that with VC funded coins.
But at the same time, the initial pump and pump of mental are different.
So be aware that there is a difference between coins that are VC funded versus the ones that are like more fair launched community type projects.
And the community type stuff is the ones that could be very legit.
By the way, like, you know, Bitcoin didn't have a lot of initial liquidity or anything like that. Right.
Someone had to provide it. So fair launch tokens like Casper were very popular this last year.
Zephyr is a fair launch token. And there's a variety of other ones.
But you'll notice the space as well, I think. Right. What's that space as well?
A lot of the player. Yeah, I'm not sure you'd have to look that up.
But like the point is like fair launch projects that don't have a bunch of VC money or whatever that can be a plus side and a minus side depending on how you look at it.
So as long as people understand the dynamics of that, then you can go into buying these things with a lot better like strategy.
This is why like with Zephyr, because I have a defined team token quantity, I know and I'm fine with the team selling.
By the way, if the team wants to dump on me, that's my bit like I bought the coin knowing that there's a certain amount of team tokens.
I'm fine with that. Like I'm not going to sit there and whine about it. It's good.
If they need to sell fine, whatever they need to be profitable. Great.
They'll keep continuing building the chain. Awesome. If they keep maintaining things the way it should be. Great.
If they just simply dump on the community and just simply leave, that's not cool.
On the other hand, if the chain is completely maintenance free and you don't have to do anything, well, that's fine too.
Let them sell whenever they feel like it. But the thing is like I don't have an illusion about that. I'm fine with it.
It's the same way I'm fine with Chainlink selling them some of their tokens.
It's the same way I don't have a problem with certain types of stock.
They have to dilute their stock to raise funds or something. It just depends on the situation.
But a lot of people don't really delve deep into that stuff and then they get worried about it later.
Like, oh my God, what if the team sells some of this or that?
What did you think was going to happen when you bought the token?
A lot of people, what happens though, you know how it is. You buy a token and then the price goes down.
Then you start doing a bunch of research and you start going to Discord.
You're like, wait, my bags are down. What happened? It's like coping behavior.
And during that coping behavior, you hear a bunch of people flooding your bags.
They'll be like, oh, the team is selling this, that, whatever.
And what happens is you start to believe all that FUD.
Or maybe it's a legit FUD, but it was there the time you bought the token too. You just didn't know it at the time.
That's where newbies make mistakes sometimes too.
And these token purchases that like when they say do your own research,
people really don't have an incentive to do their own research until they have a bag.
Because imagine if you have a $10,000 bag of Zephyr, all of a sudden you're really, really interested in what the fuck it does.
If you have a $5 bag of Zephyr, what do you care what it does, right?
Like, you know, if he goes to zero, you don't care. And if he goes to 10X, great, wonderful, right?
It's like a lottery ticket.
Hey, Zephyr, I have a question for you.
Like, you know, in this topic, I just want to ask like hypothetical questions.
Like what if a developer were invented a privacy-enhancing technology and without the inclusion of any cryptocurrency or token?
I mean, the developer invented privacy-enhancing technology, but, you know, without the inclusion of any cryptocurrency.
Like, like a developer built some kind of mixer or some kind of technology or privacy-enhancing products.
But they didn't include any cryptocurrency tokens or, you know, they invented any kind of token.
There currently is one, like that's exactly what Chainlink is working on.
It's working on a privacy component that doesn't run on a blockchain specifically.
It runs in like a separate privacy mini hash network or like a graph network.
And it's parallel to blockchains and things.
So, yeah, there's stuff like that coming out for sure.
I think my question is like, would such innovations like still face regulatory hurdles and despite some, you know, didn't invent any kind of digital currency?
Basically anything that allows you to send money, a large amount of money to an illicit individual.
Like, for example, if, you know, any technology allows you to buy like, I don't know, a missile launcher or sort of like, you know, like some uranium or something without being traced.
That's going to become technically at some level brought under scrutiny.
So partial privacy where something's private by default.
But if someone came and asked you, hey, by the way, show me your records, you're able to produce these records for them.
And that's like a different type of technology.
So that would be like secret network.
And that's much more likely to be legalized.
Right. Because like basically the bottom line is like if a regulator had to look at your shit, can they look at it?
Now, there are examples where they regularly can't look at your shit.
Say, for example, your smartphone.
You are not required to provide your password and username for your phone in the United States, at least.
If a cop catches you and whatever and, you know, your phone is basically like your internal brain, they have to break into it to be able to access the information on it.
Or break into some of the other networks that you work with, like Google or Apple or whoever you have your crap with to be able to sort of get that information.
So if an investigator can break in and get that information with the permission of a judge and they can get in there with things like Zebra Protocol or Monero and stuff.
The difference is is that nobody is there that can be compelled to provide this information because you don't even have this information to provide.
Basically, the system doesn't allow it and that's what's beautiful about it.
And that's why it's going to survive.
Like there are people that are going to want Monero and they're going to want things like Zephyr no matter what planet we live on.
And like people are not going to shut down their Zephyr miners.
Like I have a Zephyr miner.
I can mine it in my house.
I can mine it in my work, whatever.
And there's nothing prevent.
There's nothing illegal about mining it.
And so, in fact, it's impossible to stop.
We're going to stop people from having computers.
So that's what's bullish about Zephyr is that, like, anytime you can create a proper decentralized network that can't be shut down, you'll find decentralized marketplaces to exchange the actual coins at some point.
But what Dan was saying is, is it possible that that's going to affect the market cap that you can reach?
Sure, because, like, the more friction you create for liquidity to come into that particular coin, the less upside it has, less growth potential it might have.
I mean, the project, the project, the build some technology, technological innovations, advancement, because, you know, the they focus into some some kind of privacy rights of people and why the regulators will, you know, hurt them or attack them.
I mean, I didn't get the concept of why regulator will add up.
Well, I think with tornado cash, for example, that those guys got those guys got arrested.
I don't know exactly what happened.
But I think it wasn't just that they created a privacy thing.
They got accused of specifically facilitating certain types of bad guys, you know, washing their money.
I don't think it was simply just creating the code in that particular instance.
I haven't seen the court documents or whatever, but I think there was more to it than that.
So they try to pin some sort of crime on those guys.
And so I think it's important for something like Zephyr protocol or whatever to be completely anonymous, you know, and people try to stay fully anonymous.
So what what if tornado cash, instead of launching its own token, purely focused on offering some it's mixing technology, you know, would this approach shield them from?
I don't think I don't think tornado cash had a token.
But like, I think it was just a mixer.
They made money off the fees for the mixer, basically.
And by the way, there's nothing about the mixer that you can't just copy and duplicate.
Right. So it's it's it's almost silly to like arrest the guy that creates it when you can pretty much create as many versions as you want.
Like the classic example I provide that everyone sort of knows about is BitTorrent Networks.
So BitTorrent is the, you know, the file sharing network and they still haven't shut it down because anybody can run on the computer.
You'd have to shut down the entire Internet to make you get rid of it.
So like eventually just don't even worry about it.
So regulators, regulators would still scrutinize these projects if the nature of service based on privacy.
Yeah. And there's certain things like certain things on the Internet that I think many people would agree they don't want to see there.
Like, for example, child pornography, many people don't want to have like their kids kidnapped via dark, dark web types of things.
Many people don't want to have ransomware attacks.
I think most most of us would not want to have ransomware attacks of our data or of our hospitals or whatever.
You probably don't want to have like sort of like terrorists and militants and shit funneling money around and blowing up your your your house or something or your neighborhood or your town.
So there's plenty of bad actors out there so that the counter to sort of privacy would be there are reasons why, you know, if you want your kid back, you know, like you want you want that the money trail to be identifiable.
So they get your kid back. Right.
So I think any one of us here in this room, if it affected us negatively to give up some of our privacy or wish we could in order to solve for a specific outcome.
Like, you know, so at some level, it's not just that regulators are bad people.
It's that people themselves want those folks to bring that their children back at one point. Right.
And so they're going to need the tools to do that. I mean, if you're comfortable, pretty comfortable with the idea that if your kids were kidnapped, you're fine with it.
Well, I guess that's a different story.
There's very few people that are like in the crypto anarchist crowd or like the pure libertarian crowd or what I like to call militant libertarians.
There's very few of those people, by the way, that aren't hypocrites about this sort of thing.
So when things are going fine, they're like, oh, yeah, like, OK, power to the people, you know, perfect privacy for everybody, blah, blah, blah.
And then like when something happens to them, they're the first person that runs the cops and wants something done.
And they're like, how come the cops aren't doing anything for me or whatever? Where's my taxpayer money going?
This type of talk. So I don't know.
You know, they these regulators are stupid, you know, you know, because they are focusing on the they are not focusing on privacy.
What if the bad actors, I mean, the missile seller or buyer like terrorist buy your data and, you know, you know, they are trained, trained their AI models and create
create some algorithms and they in future they can do some terrible stuffs with these things.
So why this privacy if some level of us, you know, build some kind of privacy rights or privacy tools or privacy technology, why would they face these things?
I don't understand these things, logic.
Well, the simple thing is it's much technology comes much sooner than society and regulators can have a chance to figure out what to do about it.
It's and not only that, but it's very difficult to stop technology from, you know, it's like a Pandora's box.
If like for take, for example, once you realize that DNA was how human beings worked, then it was it was possible for eugenics to be a possibility.
You could make eugenics illegal, which in some places it is to do germline modifications to DNA, for example, is not something allowable in the West, generally speaking.
But you start seeing that, like, even in the US, for example, people like, oh, I want to I want to have a girl or I want to have a boy.
And so they basically like, you know, select basic, you know, sperms and eggs to try to develop a specific sex, for example.
So you start seeing creep and slowly people start wanting those things.
Society wants those things.
And then, of course, the regulators have to compensate for that.
So all of these things, even smartphone cryptography, some regulators want full access to your phone because they're like, well, how are we going to fight crime if we can't do this?
And here's by the way, like the public blames stuff.
They don't catch the perpetrators to like, oh, these cops are useless.
They're stupid. They don't catch anybody.
Well, though, because they can't find they don't have the information, how are they going to catch anybody?
So the thing is like the the public both scrutinizes authoritarians or police or any of these people for the things they do bad.
But they also scrutinize them when they don't do the things that are supposed to be good.
And so it's a lose lose for those guys, essentially.
And it's just like, again, it goes back to my thesis that everyone's a hypocrite some of the time about some things either in magnitude or in like or absolute.
But you know what the issue is, if I may touch upon this, the value that is locked in things like airline miles, in game currencies and all sorts of values that are not on a blockchain, but within these closed off systems that can, however, be exchanged for other things.
So, for example, for instance, you can take your airline miles and turn them into an Amazon gift card and then turn the Amazon gift card into a physical product and then turn the physical product into cash and then finance terrorists literally through your airline miles.
And the value that is locked inside of these, you know, units that are unaccounted for within these closed off systems is 50 trillion dollars.
I mean, compared to the crypto market cap, that's, you know, significantly more.
It's like 25 times the crypto market cap.
Yeah, it's like it's like funding.
It's like funding a terrorist with your EverQuest gold.
They're doing it with Roblox and law enforcement doesn't know what to do about it.
You know, they really don't know what to do about it.
There's nothing they can do about it.
Well, we're just we're just going to live in a more.
We're just going to live in a world that that's possible.
That's all there is to it.
Well, they could enforce by regulation for, for example, gaming companies or airlines for their miles.
They could enforce by regulation that they use blockchain technology or, you know, similar distributed ledger technologies that enable at least something like time stamping to basically at least get the transaction flows right instead of this current.
Now, here's the thing, like I do have a thesis, by the way, that actually, well, while technically speaking, the vision of Bitcoin was to sort of free us all at some level, it also could be the the reason why we're all enslaved as well.
So what's what you're describing?
I mean, peer to peer electronic cash.
What does peer to peer electronic cash mean?
It means that I can give you something electronically without anyone but you and me knowing that I gave you this cash.
I mean, that is literally peer to peer electronic cash.
Something like Bitcoin is quite the opposite of peer to peer electronic cash because you're essentially tracing every single transaction.
Yeah, in fact, Satoshi's you saw Satoshi's emails that got released this week, right?
And what's interesting is he makes a very good point in that is that like he decided not to have privacy by default initially because he felt it would attract too much attention early on.
And therefore, like he made a design decision.
But he he he understood exactly what you're saying, which is if I like go buy, you know, coffee at Starbucks, people know the contents of all the transactions that reach my wallet for the end of time.
Like it doesn't make any sense.
Like if I go buy coffee at Starbucks and I have 100 Bitcoin in my wallet, why should the person at Starbucks know this?
Right. It doesn't make any sense.
So by not having a privacy layer, it's actually an attack vector against the sender and the recipient wallets.
And so this is why I like.
And now you understand why I like separate protocol.
Everything we just talked about is why on the one hand, I like Chainlink because like it's verifiable truth, which solves what you talked about, which is like how do you regulate different components of the Internet and make all this stuff connected?
So the traditional connectivity and the traditional finance and the traditional sort of like light web, as it were, is going to be connected with Chainlink.
On the other hand, the nontraditional or like the privacy centric is going to be necessary.
And that's something like Zephyr.
So like I don't have this tribalism where it's like I don't understand the nature of privacy and I don't understand the nature of public and the interconnectedness and everything.
I get it. I understand the nature of all of these things.
And I can see the value proposition in niche environments for each of these things.
And that's why I have a bunch of Chainlink and I have a bunch of Zephyr, which seems paradoxical.
Like why do you have these two things?
They seem to be like the complete absolute opposite of each other in many ways.
Right. It's like it's like they truly are.
There are two opposites on the Internet of like I would say Chainlink is the absolute opposite of Zephyr, you know, if you're taking the SAT or something like what is the most least like this thing.
It's that thing. It's interesting.
I just want to say something like, you know, did you watch the Al Pacino Scarface movie?
It's been a long time, I guess.
Yes. If like, you know, I hear that that movie is inspirational and many people become criminal because of Al Pacino's that kind of superb acting.
So I think Al Pacino should, you know, apologize to these mothers and their family in front of Congress.
It's his fault. This is why these guys become criminals.
And just like Mark Zuckerberg did, you know.
Yes, Pacino. Yeah, the Godfather movies are great.
You know, I don't know if you guys have seen the other movies.
I really liked The Devil's Advocate. I don't know if you guys like that one.
They all should apologize to their mothers and those children become criminal because watching these movies, you know, they all should go into, you know, in front of Congress and apologize to their mother just like, you know, or.
They should apologize to their mother.
That'd be maybe last question I asked you before regarding at a point that separate protocol and XML, for example, have a bright future also in terms of regulations.
For example, if we say after this bull run somewhere in 2026, 2027, we have much more regulation in the world.
Do you think this I don't know that if any government will give a protocol opportunity that people can do transactions where they don't know anything about.
So do you think this privacy coin narrative will happen in future?
Also not for this bull run, also for a longer time period that we can.
Yeah, I think I think it's going to be a constant battle.
Basically, governments are going to want to there's going to be a certain people in government that want to get rid of something like this and other people that understand the value of it.
Where it becomes a factor is typically once enough politicians realize that all their financial transactions can be tracked 24 seven by anybody, then you'll start seeing the push for privacy.
Because politicians always have to have a way to scam everybody, right?
Like that's a given. There's no country in which the politicians don't get rich, none.
So therefore, like in order to continue that process, they're the ones that will be the one that realize when when they can't make enough money because like, oh, all the stuff is open, then they'll be the one going, okay, you're like this happened with smartphones now, right?
Like, you know why we don't have legislation to make it so that all smartphones have a backdoor on them?
The reason is because it would ruin the politicians lives. That's why they don't you don't have that.
But just to answer, Dan, your question regarding, you know, the future of these things.
So actually, what happened a couple of weeks ago, Binance issued a list, including Monero, Fero and a couple more of these privacy coins that they would be they were under review, basically, to be delisted.
And one of the interesting things that happened was that, you know, there's this one Denver based privacy coin company called Fero.
And what they did, they basically created a second type of doing transactions where it is traceable.
And then so for the exchange, they would basically enable that type of transaction.
So you could only, you know, you could take out your Fero out of the exchange, but it would be traceable to where you took it.
But then within the Fero wallet, you were able to do the transaction anonymously.
So only your exchange on ramp and off ramp is likely going to be impacted with these dual transaction type mechanisms that are being implemented within privacy coins.
And the other thing is, you know, there is. And by the way, Binance could Binance could KYC all of their users now.
But the problem is, is that the KYC process is terrible and not very accurate.
People can scam that. And so that's where they're getting in trouble.
And so when OFAC and whatever go to Binance and say, hey, by the way, have you reported this, this and this, and we're going to shut you down if you don't like comply with this stuff, then they're not able to actually provide that data.
So that's where they're getting in trouble.
And it's just so like, I mean, I would be worried about all this stuff from the perspective of Zephyr protocol, if like we were at I was investing and we're at a much larger market cap.
We're so early now and so early in a bull market that I think it'd be like, yeah, Monero dumped from like three billion market cap to like two point two billion market cap within a few days of delisting.
And like at this point, we don't have any exchanges that really have very much Zephyr, for example.
So, you know, there's no it had no impact whatsoever on the price of it because they delisted Monero or whatever.
So I think the beauty of this is like as long as you can create decentralized like DEXs and decentralized chains and there is no actual central authority, well, then now you have a big winner.
And it is possible theoretically to take something like a Thor chain and fork it into a black box privacy chain, in which case you can't really shut it down because you can have a sufficiently decentralized to make that really hard.
And then, of course, like, you know, you have the ability to transact in your privacy token.
So some of the people in the privacy community feel like, OK, with things like finance delisting and whatever, it's going to dramatically increase the desire for people to innovate and push into creating privacy DEXs.
So I actually bought Monero on this dump. I bought it like I think an average of 120 or so.
And I figured that like at the beginning of a bull market, I get a coin that capitulates because this finance delisting.
The upside is really, really good. And I'm just going to buy it and hold it. So I actually picked it up.
Is anyone ever going to call on me?
You can just talk whenever you want. And what's this calling on your business?
I just like being acknowledged. It makes me feel welcome, safe.
OK, then go ahead. Thank you. Thanks.
So if you have a question for you again, I think this is my last question.
But by the way, I usually put my hand up when I'm AFK.
So if you ever see my hand up, it's because I'm on like the phone or something.
Oh, it's like it's like a hand up, like one moment.
Yeah, exactly. Because in all its glory, the trader's places didn't have an AFK like thing.
Like a symbol for that, which is funny.
My question is because I remember you saying a while ago, you said, I don't have to work,
but me and my wife work anyway, because that's what we do.
And when I heard you talking about like the gym and these other projects, I'm very curious.
Like, do you not ever wake up in the morning and think like, God, fucking damn.
And then you're at work. I'm sure people are really annoying.
They're like smoking cigarettes and you're like, you need to stop or you're going to die.
And they don't stop. Oh, yeah. Do you?
There's always there's always days. Why do you keep working?
Yeah, there's always a day that like you're like, why am I doing this?
But at the same time, what the fuck are you going to do?
You're going to sit around in the house, like look at the ceiling.
No, I mean, like how much on Netflix?
Like, no, dude, this is what I'm saying with like, I want five billy.
Not because not so I can sit around doing nothing so I can like go on a yacht.
That shit gets old really fast.
Maybe I'm just a dork because I used to live by the beach.
Like my apartment was like right by the like ocean.
And like the three years I lived there, I like practically never went to the beach.
But it's OK. You could go rock climbing one day and then you could go on the beach another
and then you could like play. You said you're a gamer. You play video games.
Like what? I don't know. Listen, listen.
I was I was actually listen.
There was this. Hold on. Hold on.
I've been raising my hand for like five hours.
I want to. I'm very curious.
So take, for example, video gaming.
I used to really, really enjoy video gaming as the gaming space sort of got built up.
And, you know, like I used to be I love being at the top of the game in particular, like in a massive MMO,
being in the top guild on the planet with like the highest level character in the world and all that shit.
And like that was really fun, but super addicting and extraordinarily time consuming.
Like that was a couple of years of my life I'm not getting back.
And what happened to me having had that experience and like without having to do a whole space on,
you know, MMOs and how it affects your brain to me, like the best way to describe it would be imagine a
football player in high school. You've heard of people that are like, oh, the star quarterback.
And, you know, like, you know, afterwards, life is downhill from there because that glory days never show up again.
That euphoria of whatever.
I felt that was video games after I was literally the top of the game forever.
And afterwards it was like no matter what else I played, it was like either the game wasn't engaging enough.
The group wasn't engaging enough on a team game because I was literally with the best people on the planet at the time.
So it was like hard to beat that.
It's like it's like playing super getting the Super Bowl and then like going back to throwing football in your backyard or something.
It's just weird. So to me, some of it is like a lot of these secondary experiences like going to lots of places.
We did that a lot as a family, even as a kid.
I have like had a pretty wide breadth of experiences to where it's like, you know, like I've been on cruise liners and ships and yachts and whatever.
And it's like, do I really want to own my fucking yacht?
No, I don't. I don't want to deal with the mess of that.
Like and then like demons like you want to own some property.
I'm like, not really. I don't want to fuck with that either.
I don't really want to spend the time on it.
So like, you know, if I go on a trip or something.
So you wake up in the morning, you're like, of all the places I want to be, I want to be in the hospital.
Oh, boy, more dying people for me to fix like that every day.
Well, I mean, it's like it's it's immediately satisfying in the sense that like you're doing something useful.
You don't have to look at yourself in the mirror and go, wait a minute.
I'm my fucking pointless on this planet. You don't have to you don't get that sense that quickly with that.
Now, there is a certain futility to it. I agree with you.
There's a lot of people that don't fucking listen to you.
They die no matter what you say and whatever else. Right.
There's that. There's definitely that. So it's you.
You can have days where you're like, why the fuck am I doing this?
I get it. Like, God, why have that forsaken me or whatever that kind of concept is?
So, yeah, everyone has that for sure. But, you know, you need purpose in life.
That's my experience with work.
Hold on. Wait, wait, just one second.
Like, it's like cool to open up the conversation.
But just one second, because I'm still I'm like trying to get to the root of something here.
I'm curious about. So you you was like, do you just not have a like hedonic treadmill?
Is this about how you were raised or I'm not sure.
Like, here's the thing, like, like, could I go out and buy a fancy car today?
Like, my son's like, hey, the new McLaren supercar is going to come out in like, you know,
he loves McLaren and shit. He's like, the new supercar is going to come out.
I'm like, what is it going to cost?
He's like, oh, probably north of two mill. He's like, you should get one.
And I'm like, what the fuck am I going to do with that thing?
Like, I don't really I don't want to sit there and fucking wash that thing and worry about scratches and whatever the fuck else.
So, like, you know, there's certain things that like, you know, maybe I'm just a low maintenance guy generally.
And here's the thing, like, like if you've ever had like time to go on trips and things,
you've gone on a trip for like a month or something, eventually you're like, I think I want to go home.
You know, some people want to travel forever, like if they have the money, they'll just keep on going.
And other people, it's like, well, there's a limit to that. And you're like, OK, I'm bored of hopping hotels or whatever.
I'd rather go back to the stability of my normal life. So it's like that.
I mean, you don't always have to have something around the corner that you're doing entertaining.
So if if I just say we're wrapping up here, I'm still curious.
I still feel like I don't know what the right question to ask is, but maybe I need to think on that.
But last question, if I gave you five billy right now, you'd wake up tomorrow and you'd say of all the I can do anything in the world.
I want to go to the hospital.
No, if I had if I decided like I was going to use a lot of capital, I would probably start some gigantic project.
OK, like building a fucking Disneyland or something like that, like something I like architecture, I like design and things.
But at the same time, you know, like, yeah, but but the kind of scale of money would take to build the kind of things I'd be interested in would be sort of obnoxious.
And so, yeah, if it was like a lottery winning, I'm like, oh, I've got this and, you know, I'm going to go do something.
I might do something like that. But it's not it's not like you're building towards. It's just like in case someone gives me five billy.
Yeah, because here's the things in like if I just want to travel to earth, how much money does that take?
Like, it doesn't take that much. I have enough to basically say, OK, just the dividends alone, I can travel to your forever like till the day I'm dead.
I can just literally do just Rome and, you know, eat in different restaurants and go to different towns or whatever.
So why don't you just go retire?
What's that? So why don't you just go and retire instead of going to work every single day if you have enough money from just dividends?
Like, why work? Because, like, I don't know, like, why did I start going to why did I go to medical school and start in the first place?
Like, I suppose I could ask every millionaire and billionaire. You know, Musk works like 20 hours a day.
He's the richest man in the world. You get bored really fucking fast. Traveling is fun.
But like Seth said, you kind of want to go home. And it's once you start seeing there's exotic places, right?
So beaches in Greece on the Greek islands, you know, are really gorgeous.
There's parts of Thailand that are like really fucking gorgeous.
I got a beach house and part of my business is in Costa Rica on the Caribbean side.
Like, that's gorgeous. But once you start getting around to all these different places, they kind of there.
There's only so gorgeous you can get in things that you've seen and you just get fucking bored out of your mind.
Not only that, but it can be it can be mentally taxing to do a lot of traveling, too, because you've got to like, oh, I think it's all a question of what is like work for you.
What is like the definition of work for you? You know, I mean, can I just say this real quick?
I just want to put this out here. Everyone should realize that it takes a special type of person to do nothing like that.
That is like that is a discipline to do nothing. That is true.
I'm just going to do nothing. Why don't you go try it? Why don't you go try to do nothing and then have to spend time with your I love it.
I understand that. But the point that I'm making is is that go spend time with your ego.
Go spend time with yourself and then see how see how welcomed you feel. A lot of people don't want to do that.
And it's not personal, but, you know, the monks are sitting on the hill because it's hard to do. It's not easy to do nothing.
So it gets you depressed.
Have you? Why do people work so they so they don't have to do nothing because they don't want to do nothing because doing nothing is uncomfortable.
And that's what makes you old as well. If you stop working, you age so fast.
My advice to everyone is just like Zen said or whatever is do what you feel provides value to yourself and to others.
But the twenty twenty thing I was watching was a old NBA player who had millions and millions of dollars and he's a crossing guard.
Can I just say something quickly, guys? My kid Rama, I'm going to watch it.
Which one are you watching?
Diva. Get away Diva. So listen to me. I tried that. I really, really fucking love to experiment. Right.
So I really did that. I was like, I'm going to not do nothing this month.
You know, and I can do that. I can be like the whole day alone.
You know, but I can even like stay like four hours not doing anything like just, you know, in my mind, because I don't know it like I could like write for hours because I love writing and everything.
But when we talk about work, we have really to define where is work.
If you do something you don't really like, you're going to feel like I'm going to work.
Or if you do something that you even like, you like your job, it's still going to feel like work for you.
But if you do something that is like a hobby for you, you know, for example, since I was like a kid, I always wanted to work in a hospital, you know what I mean?
And I was always like have that interest. I use it to watch like the doctors, you know, that TV show.
And I was like, I don't know. I was like maybe 14, 15 years old and it was started, you know, to write what they are saying and everything.
It's just fun. You know what I mean? It's fun to go there to do that. It's fun to.
You fell in love with George Clooney or some shit and then we decided to go to the medical field.
Bro, listen to me. Listen, I.
There are so many hot doctors.
I work like in a hospital or like for people who like had an accident or something.
And you guys, you can see like people who come like everything is broken.
Their arms are broken, their legs are broken, you know what I mean?
And you like go in with them in the process.
It's just fucking amazing to see that, you know, it's just it's just so fucking fun, you know.
Wait, before you leave the K dramas, I get it.
They're like, OK, but have you gotten on to the Chinese palace dramas?
My wife's moved on to that.
You need to send me something.
Oh, my God. She messaged me.
She messaged me yesterday and she's at work and I'm like, why don't you just finish work and come home?
And she messaged me and she's like, send me the Hulu username and password.
I'm like, what in the fuck do you need that for now?
It's like, oh, because I'm going to go start watching this fucking thing at work.
And I'm like, why don't you just go do work and leave?
Like, why do you have to watch Chinese dramas on Hulu or whatever over there?
So she already finished all the ones on Netflix.
She already finished the ones on fucking Amazon.
And now she's already moving on to like the next thing.
Well, I just think it's crying like because two teenagers just broke up.
Yeah, I mean, like I that was my K dramas were my like, what is it called?
Transition drug. What is it? What do people call marijuana?
It's like the fucking homework.
It's the homework channel online.
No, it's like like the K dramas.
It's like a transition zone into the real shit.
Like the real cocaine of dramas, Chinese palace dramas.
It's a bunch of fucking empresses is like,
we need to stop being courtesans and get to the top.
All the girls are fighting against each other.
It's like cat fighting on steroids, chess, 4d shit.
I'm just going to I'm going to.
You don't need a lot of money to watch that.
You don't need a lot of money to watch that.
See the best things in life are free or Hulu subscription.
Well, you know what I think?
Just do whatever the fuck you want.
This is what I always tell myself.
You know, when I wake up in the morning, I say like, for example,
I don't work like hundred percent.
So, you know, when I think like, okay, I need some space.
I go to my boss and say, yo, I'm I just decided to work this month.
Only 50 percent or 70 percent or 80 percent.
I just like I just need that feeling that I have my freedom when I feel
like my freedom is a bit gone.
I like try to do something, you know, to get it back.
Yeah, there's a balance between. Yeah, yeah, I agree.
Like there's a balance that if you go too far, it's like you don't feel free.
So long as you're what you're doing, you still have a sense of freedom.
Like if I didn't if I didn't want to do this, I wouldn't have to.
Or if like today I don't want to do this, I don't have to.
That's a type of freedom.
I can call my partner and say, oh, by the way, can you take over today?
I got to go do something.
I want to go for a drive today or something.
There's also different levels of freedom.
And if you go to work and the people that are there are like nice, like you
like your colleagues and your friends there, that's a type of freedom
versus like going to a place where like the people are dogshit, which is it
I use it to get like I do nothing.
I do absolutely nothing a lot.
And I love doing nothing.
As long as you're doing what you want.
That's that's that's the key.
That's exactly what I'm like the best.
But what you define as nothing.
Are you like staring at a wall because it'd be like, oh, Stephanie wants to go
out and, you know, walk 10 miles right now.
I'm like the best friend because I always got nothing going on.
It's your lifestyle, bro.
Everybody has to make his mindset about life and what they want to do and
If you sit somebody in a room and you're like, hey, sit still for 24 hours
and don't touch your cell phone.
I have a question for you.
Like, are you the big boy?
You know, you exactly sound like me.
No, I'm not a big boy crypto guy.
Thanks for coming to our program here.
Did you see my fight earlier?
I don't even know who we were crushing.
Yeah, but it's I don't understand how people can work hyper productive
Like for me, it's just it just blows my sensory is out of the water.
I see some people and they're like having so much going on and I'm just
like, okay, that's not for me.
I just quietly walk out of the room.
Like, see, you know, it's admirable, but it's also hard for people to do
I really understand what you mean.
I think it doesn't really mean like, you know, we should work or anything.
He just means like, like, is it is it easy?
Is it like something anyone can do?
Like not doing like nothing.
Like doing nothing is not easy for anyone.
Like someone sometimes, you know, you just sit down and it's like silence.
You start like playing music or like touching a phone or anything because you
can't just like face yourself.
I agree with you with that.
Yeah, it's a it's a but, you know, I spent a lot of time being a
So it's a it's hard to keep.
You know, maybe if you find a profession where like if you were a
medical where you're offering so much value to the world outside of just
money, it's almost like a duty like a like a soldier.
Like I have a sense, you know, well, like I meant I meant this doctor who
I live on the East Coast.
So I live around a lot of I guess you could say well renowned hospitals.
And he was one of the few surgeons who did open heart surgery or premature
So he was like, you know, doing open heart surgeries on babies the size of
Five inches and yeah, there's there's certain things that only a very few
people even in the subset of like say doctors or surgeons that they do that.
So it's like you do have a duty.
And he would never retire because you don't do it.
Then you're like no one else is there to take your place.
And people are going to literally die is kind of the problem.
We have a surgeon locally that died recently who is a neurosurgeon and he
He actually had both like I guess a stroke, I think that affected from for
And he had a like a cancer problem that he developed and he quite literally
operated on and did surgeries till pretty much like within weeks of his
Knowing full well he has terminal disease too.
And the guy had all the things you'd want in life.
He had like a neat little Mercedes or some shit, you know, whatever.
He had, you know, everyone buys something for fun.
Like, you know, whatever.
He had a nice house, this, that, no thing.
But he didn't go like completely crazy buying shit and traveling and whatever.
I mean, for how much money he probably has, the few things he has is probably
And he might've like donated a lot of that to different causes and whatever,
you know, upon his death as well.
So there was a, there's another local neurosurgeon.
I remember like who passed away like maybe 15 years ago or something like
And I remember this guy, he lives not too far away and he basically had a,
he used to collect a lot of Asian art, like Chinese art and Indian art and
Like he'd go to different places and collect them.
And he just enjoyed collecting like, you know,
true historic art pieces and whatever.
And when he finally died, he actually donated the entire thing to the town,
I guess museum type of thing and enough money to sort of like display all those
things so that people can enjoy them from, you know, from then on,
which is pretty cool, right?
People like just because you're working,
it doesn't mean you have like other hobbies and things that aren't
interesting and that you can contribute to the world and you know,
how you like to bring joy to other people and stuff like that.
So it just depends on what you like out of life.
I have a random question.
what's your opinions about the COVID vaccine nowadays with all the crap
So this is particularly my field.
So I probably know more than most people about this sort of thing,
but, uh, basically alpha variant for COVID.
And I've got a couple of patients right now with severe COVID,
by the way, um, at the moment, there aren't very many of them,
but if you know, like they're, they're around still, uh,
during alpha variant, the virus was quite brutal, um,
in the sense that like nobody had immunity to it.
And it basically just destroyed anybody that didn't have specific like,
uh, native immunity to the thing.
And particularly fat people, diabetics in particular,
were the ones that got like the biggest hurt by it.
Um, and of course, like, um,
younger patients had relatively like minor effect from it.
So all the controversy about how all that shit was handled and everything,
it's like mostly just nonsensical.
Like remember at any given moment,
you don't actually know how bad something is.
Um, you have like truly civilization ending level types of things all the
way to things that are not as bad.
And, um, it's really hard to know what you're dealing with upfront.
So everyone's always going to be enough, you know,
run around with their heads cut off trying to figure out the fuck to do.
Um, I did have a lot of people die of COVID, um,
and people that think it wasn't real.
I mean, like just if you take like the four or so hospitals I deal with on a
regular basis, um, normally like, you know, if, uh,
you might have like in each of the hospitals might have like a few people
with respiratory failure on a ventilator.
Um, you know, maybe four or five or something like that at most with acute
respiratory distress syndrome.
I had literally like entire floors, every ICU bed,
all filled with like mechanical ventilators running.
And you had people dying left and right all over the place.
Meaning like if you took the average year of how many people that die with
ARDS or acute respiratory distress syndrome,
you're probably talking about like a handful, you know, um,
that, that, that pass away from something like this,
particularly with flu season and strepneumococcus staff season.
This is like wintertime. You have more deaths, right?
But during COVID it was like just obscene.
Like the number of deaths was just like the number of people with severe
that have very stiff lungs and just destroyed lung tissue was very high.
Some people on the internet mistook this for, oh,
doctors put everyone on the ventilator. That was the problem. No,
that's not the problem. The virus is just much more brutal by the time.
So, so at that time you didn't have any vaccine, right?
You didn't have all you had to do is people had to die in order to cull the
herd. And anyone that was about that could die did die.
It is ultimately right. It's just survival to fittest. It's like a,
it's just evolution. Then you had, of course, by Delta vaccine,
I mean Delta variants, right before Delta variant,
you had vaccine available.
And I think it was like January of the following year, whatever,
2021, 2022, right, right around there. Like Pfizer's came out.
I probably got hit with like,
I probably took one of the earliest available ones because people like me
or people like are the ones you don't allow to die because like,
like, like if someone like me dies,
like a lot of people are going to die because like I handle a lot of volume,
like hundreds of patients at a time during that time. So therefore,
like, you know, the government sees to it that I stay alive somehow.
Yeah. So, so I got popped with the first Pfizer vaccine.
It was most, and it was also luckily turned,
happened to be one of the more effective ones as far as like, um,
having some immune effect, right? Um,
all of the concerns about like vaccine concerns, um,
at that time were largely overblown in the sense that your likelihood of,
uh, dying if you didn't get the vaccine, um,
were substantially high enough that it was worth any risks of like side
effects and things. So back then at Delta variant, what happened was,
um, so, so Alpha variant member, like there was no vaccine.
By the time Delta came out,
a bunch of people got vaccinated quickly and particularly in our area.
And one thing that was very, very notable was, uh, that the people,
almost like 90% of people in the hospital at that time that actually got
hospitalized to the level where they needed ICU care.
And they needed to be ventilated and such,
like 90% of those were unvaccinated people.
So this idea that somehow the vaccine didn't work is absurd.
It very much worked. Like I could give you,
I could walk you around the hospital and show you countless examples of
people who were like, didn't take it. And the,
and the numbers are really stark too. It wasn't like, um, oh,
you need a special study to analyze this.
You walk into any hospital and you're like, holy shit, like, you know,
90% of these people were not vaccinated. That's how they got in trouble.
Now that's not to say that everyone on the planet was at risk for dying.
No, I mean, this thing killed like probably 0.3% or less of people.
So it's not as if like, if you didn't get the vaccine,
you were certainly going to die. It's something, nothing like that.
In fact, we never portrayed it as such.
ultimately what is going to be the risk you're willing to take.
Now at the same time, like, you know,
was it necessary to get teachers and whoever else vaccinated?
Most teachers and stuff wanted the vaccine, by the way, they, they, like,
the only people here on the internet are just the randoms.
I'm like 95% plus of most teachers were like, pop me in the vaccine.
I'm with kids all the fucking time. They're bringing COVID to me all day long.
I don't want to die this shit.
In fact, we were having problems where like,
I'd get principals calling me from schools and stuff, be like, wait,
what do we do with these teachers? And some of them are like,
they don't want to die at the hot school. They don't want to come to work.
And so like, so there were definitely a legitimate,
a lot of people that wanted it actually early,
especially those at high risk or a lot of exposure or something like that.
Right. So, and of course you had like,
so what happened with Delta was at that point,
I think it was quite effective after that, by the time Omicron variant,
which is the next variant that came out, it was much milder. In fact,
I contracted that variant and it didn't even feel as bad as like a common
cold for me. Like I barely even noticed I was sick. Like I knew I was sick.
Cause like a couple of other people around me, I think my son and my cousin,
you know, we had traveled and my dad had leukemia and stuff at the time.
We had to travel back and forth from a cancer center specific to that.
And probably not traveled or something. We contracted it and it would,
Omicron variant was like super, super mild.
And the number of people I had in the hospital, cause like, you know,
I'm like the people I see,
I have enough hospitals that I see that I'm a pretty good litmus test for
how things are going. Like, you know,
is just my personal anecdotal experience pretty,
it's going to be pretty accurate because of the sheer volume that I see.
So, um, in, in that, like in the Omicron variant, like very few people are
getting actually hospitalized and such. So it's like,
then you can make the argument, wait a minute. Is it,
is the reason because all the people that were in die of COVID,
a lot of them already did. That's one reason. Sure.
Another reason is a significant portion of the population,
the population was vaccinated by then.
And we know with the Delta story that it, that,
that vaccinated population helped with some of the herd immunity, right?
So maybe the Omicron wasn't that bad because I was vaccinated.
Maybe it wasn't because it was just a milder variant.
But remember viruses over time, they become less virulent.
Coronavirus is a common virus. Um,
the, the virus, you know, like, you know,
the fact that, you know, COVID is interesting or SARS is interesting is
because it's a new variant. And so there it's more destructive,
but the natural, uh, respo,
the natural progression of viruses to become less.
Deadly and more easily spread viruses have no benefit from killing you.
They, they, they survival of fittest states that they're,
they want to do the thing that makes it more likely to spread from the
next person to the next person. Meaning you form snot,
you sneeze on someone or whatever, and you know,
you touch some doorknobs or whatever, and it goes to the next person.
He doesn't want to kill you once it's spread as much as possible. Right?
So each variant became less and less impressive, which is great. Um,
now you don't know for sure that will happen with these mutations,
but in this instance, that's what happened.
And by the time that like, you know,
they had all this vaccine production ramped up and ready to go,
it was like, wait a minute, hold on. Like Omicron just wasn't that bad.
So I didn't take any further vaccination since I think the third one or
whatever that was required for work and like was, you know,
right after Delta variant, um, passed. I thought like, and at that time,
by the way, the number of patients in the hospital dropped off dramatically.
So the probability at that point that you're going to die of this thing is
low on top of that. I already had Omicron on top of the fact that I had the
vaccine. So therefore the odds I was going to die of COVID is basically nil.
And then like, you could also look at other factors like racial groups and
things. Once you realize, wait a minute, I'm not fat.
I don't have diabetes. I don't have this. I don't have that.
And I'm not in particular racial groups that had a higher predilection of
death. Then it's like, wait a minute.
Now my odds are even lower than the general population.
There's no obvious reason to get vaccinated. Um, at all,
like the same reason you don't get vaccinated with a common cold.
There comes a point after which it's just simply not necessary.
And so that's where I think COVID is now by and large, not necessary.
I do have patients that are stuck in the hospital for like six weeks with,
um, sort of varying levels of ARDS and high odds.
Who are, um, who I have right now.
I have a couple of patients at the moment with this problem.
Um, and I don't, I didn't even ask if they were vaccinated or not.
I didn't really worry about it too much, but the point is like, um,
so it wasn't a non-issue and you could argue all sorts of things about
Vaccines should be released and how much testing.
The problem is by the time, if you,
if you wait for all the tests,
to get done, it's too late to actually.
Um, and on the other hand, if you have a civilization ending vaccine,
which is like, once you get to 3% mortality,
it's like quite literally infrastructure collapse of the planet.
Then you'll be like, oh shit, I wish we had a vaccine, right?
Like if you're living in some zombie apocalypse town,
you're going to be like, oh,
You're going to be like, oh fuck,
I wish they made a vaccine that worked better.
You know, hit me with the jab or whatever.
So anytime something doesn't turn out,
maybe as bad as one thinks it will.
Everyone who was involved will get blamed for like, you know,
a Cassandra complex saying the sky is falling.
if like something really, really bad happens,
then you'll be like, oh shit,
I wish we had a vaccine, right?
So I guess why I ask is because for example,
like in the news just in the past year,
I would say a lot of young kids and they're 19, 18, blah, blah, blah,
All of a sudden die from,
but I guess for the start of the year,
I would say a lot of young kids and they're 19, 18, blah, blah, blah,
all of a sudden die from heart attacks, heart failures, blah, blah,
blah. Would you blame that on the vaccine?
Or like, how does this stuff kind of happen?
why has it been coming up on the news?
if you're in my line of work,
different cardiomyopathies from things like coxacu virus and other things that will kill
you just randomly, by the way, without having any risk factors for anything. The question
you should be asking or anybody should be asking is, is the rate of death dramatically
higher than usual? And I would say if you just take anecdotally, you know, a series
of hospitals, I haven't seen anything weird in terms of the types of deaths that have
been shown. In fact, you said people can die from coxacu?
coxacu virus. Whoa, whoa, whoa, whoa. Yeah. Yeah, that's
exactly right. No, but yeah, like I have a hypothetical question, like, which one is
the, you know, for the more dreadful for the humanity, like, one more the deadliest virus,
or one more powerful vaccine that will reduce the death rate of humanity, which is more
deadliest for the human. First of all, the vaccines were like, they were not very deadly
at all, by the way, the Twitter makes it sound like it's a fucking like, you know,
gigantic thing. No, like the number of people I saw that actually had a vaccine related
side effect, you can't you can't even count on one hand, it was so little that it was
like, largely like meaningless, like why pump would probably tell the same thing, like,
you're like, wait, what are all these people on the internet fucking talking about? Like
everyone's died of myocarditis, just some bullshit. No, they're not. Like, it's just
not even close. Like people are doing, you know, vast majority of people do just fine.
So it's like, it's, you know, there's a there's like, a misconception oftentimes of like cause
and effect. Oh, so and so died. There was a there's a guy in Twitter that was totally
pissed at me, because I mentioned vaccines, whatever he's like, thinks I'm some mega vaccine
advocate or some shit. And he was upset because his dad died. I'm like, sorry, your dad died.
But like, I got news for you. Like, my dad got leukemia a year after getting the vaccine.
Does that mean the leukemia was caused by the vaccine? I don't fucking know. Like, it
shouldn't be like people get a LL long before coronavirus or long before this happened.
And he survived because the drugs available made him survive. But the point is, I don't
know for sure if that's the case. So years from now, what will happen is you will have
like studies that are done that look at epidemiology of like increased death rate. But the problem
is, you won't be able to actually tell if let's say the world had an increased death
rate for a few years, you won't be able to tell how much of that death rate was attributed
to the virus itself, causing myocarditis and other problems that leads to events versus
vaccine related complications. There's no way to separate the two at the end of the
day because like the you can't separate those populations effectively to study it really,
really well. But I can tell you just anecdotally in the in the course of like many hospitals,
the number of people that were actually admitted for some sort of like vaccine related myocarditis
or something like this was basically like I can't even remember barely one or two maybe.
And I don't remember if those are actually and what what basically nothing memorable
by what vaccine decreased the death rate, you know, in my population.
Yeah. Now, I think for like I said before, I think for Delta, it did. How much is it contributing to
reduce the death rate now? I'm not so sure. I'm not so sure. Like, like, is the vaccine really
necessary at this point, like, like flu vaccines or whatever? And they, by the way, I don't know
where like they came up with this idea that it prevents spread, like, you know, how people,
they made it sound like, oh, if you take the vaccine, it's going to prevent. No, no,
it doesn't. Like, there's no scenario where you can prevent spread of corona viruses
by taking a vaccine. So I'm not sure why that. So the problem of messaging about the virus,
the whole nother problem like CDC messaging and Trump messaging and various randoms messaging,
Fauci, whoever. The problem is like they said a lot of stuff, like kind of off the cuff type
remarks and other shit that people took really, really seriously. Like it was like the, you know,
gospel. And the problem was like, if I had a really strong criticism of the administration,
it was that messaging was fucking terrible. Like, if you had me talking about this shit to the
country, it'd be very different than those, those imbeciles just going on and on. Like,
because like there is a there's a rationality to all this. And if people understood the rationality
and the relative risks and the nuances, they might have understood it better. But the other
problem is like with messaging is the public has a very short attention span. And like,
let's say I have a conversation for an hour, right, like doing a podcast or something like this,
and I'd have a conversation for an hour. You'll have something in that conversation you don't like,
you know, like you'll get your latch on to that, and you'll just try to figure out how to attack
me about it. And the problem is, is that like, when it comes to things like health, life and
death, vaccines, things that affect your whole family, things that affect the whole country,
or your family, or your, your, your, your group, or whatever, it's very emotionally charged. And
there's always someone's gonna be upset about something. So it becomes very political in the
sense that like, leftists are going to have a certain view about these things, people on the
right are going to have a certain view about these things, people that are libertarian have
a different view about these things. And if you don't understand also, like the nature of politics,
your ability to communicate to all people is going to be very difficult. You notice how bad
like a lot of these politicians are speaking to people is because they really don't understand
the libertarians point of view, they don't understand the leftist point of view, or the
right point of view. And if you use the right language and sort of speak to all sides,
like, you know, the libertarian, you have to convince someone that,
like, this is useful to maintain your freedom, because if you're dead, you're not free,
that might be a message that you'd give a libertarian, right? Like, so you wouldn't say,
you have to take this, otherwise, you're gonna, you know, you're gonna be like, you can't go to
work or something like that doesn't work that great. So how you speak to different groups is
really important. And I think the biggest problem I have is most of the ideologues talked
to the people as far as America's concerned. And that led to a lot of silly chaos. And America in
particular, is more polarized and more partisan, to say, for example, a Japan or a South Korea or
something like that. So that so like, nobody like, like, truly, for like, if you look at Japan, South
Korea, like, they didn't skip a beat for any of this stuff. There wasn't a lot of political drama
only Americans create all this political trauma for no apparent reason. And is this interesting?
The entire process is really interesting. But but as far as vaccines now, do I think you need to
take a coronavirus vaccine? Not particularly. I don't think there's any great reason to believe
that it's particularly helpful now for anything. Yeah, like, mainly because the cases of severe
cases are so relatively low. Like, yeah, you could go get hit by lightning today. But that doesn't
mean you're not going to ever go outside. There's a the risk is not worth the like, there's not
there's not enough risk to make it make people you know, the way you have to worry about this that
much, in my opinion. I have a question. This dude reached out to me a couple of weeks ago with this
biotech company. And he was claiming that they're trying to build the reverse vaccine. So somehow
like turn off that spike protein. Is that something I didn't really reach back out to him?
Is that like something that's doable? Or is it bullshit? It's bullshit? Well, it's totally
bullshit. It sounds like nonsense. Like, what do you mean reverse spike protein? Why would you do
this? I mean, dude has like a TED talk and every like he's quite known. But the simple way this
works is, yeah, I'm not sure like you have to send me information. Anyone can do a TED talk.
You don't have to. I know. Yeah, that's true. I don't know if it's the same guy. I know a crazy
guy that's like out of his mind that has a TED talk. It's like his bear on Twitter. Yeah. So
just like, here's the thing. Yeah, his name, please. Well, it's like,
Alan or starts with an A. That's a crazy dude. If he's got his TED talk on the banner, he's like
cuckoo. Yeah, so so here's the thing about okay, like, number one, what does mRNA vaccine do?
mRNA is a very small molecule. And what it does is it gets transcribed into a protein, and then
it disappears a whisk into oblivion because mRNA does not last very long in your body. It creates
a protein long enough for the immune system to have a response. Your immune system response to
these proteins is not everlasting either. Otherwise, you wouldn't need boosters and things either. So
like, whatever effect it has is temporary and fleeting within probably a year or so. So there's
nothing like reverse anything one has to do at this point, in general, and the number and maybe
there's an idea of creating some kind of system, you know, could there be a different way to
suppress the virus or other viruses in the future using different techniques? Sure. You know, a lot
has been learned from all of this, I'm sure there's going to be like the technology, like the next
time you have a major pandemic, it's probably a dramatically easier to solve for it than it was
this time, because the tech has improved so much in so many ways. And you're going to wish that
they like if we have a civilization ending virus, you're going to wish they come up with fucking
something I promise you. So you don't want to like, you know, like completely throw out the baby
with the bathwater in this sense. So because there's been very, very nasty infections in the
past that have killed lots and lots of people. So and but yeah, that, you know, are there all
sorts of interesting theories out there and a lot of like people, there's some definitely some
internet personalities that were fascinating. I forget the names of them, Weinstein, some other
people. There are some different people that were like had sort of like, like kind of like,
you know, some biology degree, or they had like, you know, what's that guy that was like,
he originally wrote some paper about the use of mRNA for vaccines. And so therefore, now he's
acting like he's the biggest authority in the world. What you'll notice is in the public sphere,
whether it's YouTube, or some of these YouTube celebrities, these people were basically just by
and large, larping. I mean, that's what they were doing. Like, they don't have anything to do with
anything. They're not doctors actually treating anything. They're not actually. And by the way,
my experience is not direct science, because I just simply treated patients, I can just give you
experience of what that looks like, I'm not going to larp about my knowledge about how vaccines work.
So like, you know, an actual expert will tell you what they have no fucking clue about and have,
you know, you don't have that expertise. Like, you're just like, you know, so but there's
definitely a lot of people like quasi biological nonsense, like ancillary, like, you know,
you know, knowledge that sort of tried to weigh in heavily, because they wanted to be like,
what's that guy like, that's like the astrophysics guy, the black guy that always
like is the spokesman for astrophysics. I forget the name. Neil Graz Tyson. Yeah,
you know how Neil Graz was like, hey, but you know how he's but he's more like he's not an
active scientist. I'm sorry, but he's an idiot. He's a total idiot. I love I don't give a shit.
I love it. Okay, whatever. The point is, he's an internet celebrity haters in here. You'll
digress. But he's like, no, he's fun to listen to. It was a beautiful planet. Bikram. Hold up a
second. But would you trust him if he told you exactly how to solve for an asteroid strike on
this planet? Or would you find some NASA and kill me? So you would trust him. But my point is like,
there are a lot of internet celebrities that became famous because of their anti or pro vaccine
stance. And you have to be careful about those people, because you'll notice that they're not
fucking actually in active vaccine research, nor do they have any fucking clue what they're talking
about. So like, there's a lot of that that happened on the internet that made it really
confusing. And a lot of people went down the vaccine rabbit hole. So if you didn't like
vaccines, you had plenty of shit you could find on the internet about not liking vaccines. If you
like them for some reason, you could find all sorts of shit on the internet that made it
interesting. And then there was some SIOP stuff going on too. There was a website called I forget
the name of it COVID19something.com. And they would put up every single possible study of
useless significance that was non vaccine related, that claimed that you could treat COVID with any
number of remedies or whatever. It's just pure nonsense for the most part. But like there was
literally like, just extreme fanaticism about this sort of thing, that I found extremely like,
not just laughable, but like extremely educated, educational about how human beings behave. I found
the whole thing to be totally fascinating looking at it from my perspective, looking outward.
How long does the vaccine last in your body?
The vaccine itself doesn't last but moments. I mean, mRNA just disappears from your body
within no time, like, your body's producing mRNA all the time, by the way, every cell is all the
time. And that mRNA gets used and then just broken apart into little bits in your cytoplasm of your
cells quite quickly. So the same is true of this. This is not like some permanent mRNA floating
around in there. That's not like a immortalized mRNA or something like that. We're just producing
some protein forever. That's not what this does at all. In fact, if we had that technology, that
would actually be useful for certain diseases. We don't have that tech. So your mRNA is something
that breaks apart. It naturally does. And so are you asking like, how long does the residual
effect of like your immunity against like your antibodies against spike protein last? Or are you
asking like, how long does this protein sit around your body? I guess I'm just asking, let's say I got
the vaccine when I was three years ago. Is that vaccine still in my system? Or is that just my
The vaccine is gone. You might have residual antibody responses to this day. Is that enough
to protect you from severe disease? It might be. Is it enough to protect you from no symptoms at
all? Probably not. But like it but the but the effect wanes substantially after about a year.
And this is true, by the way, of most coronaviruses, most cold viruses, that's why we don't have
vaccines for like the common cold. It's just not possible to do it at scale without and have it
last. These viruses mutate too quickly as well, by the way, like last year's vaccine is not I mean,
virus is not even the same as this year's virus. There's new variants and stuff. So you can't
vaccinate like for flu, like they look at flu is special flu, what happens is it tends to emerge
out of birds and pigs. And it migrates between the duck migrations and pigs and whatever else in
China. And China in particular, they they keep ducks and pigs close by. So if you have a flu
epidemic every year, blame the Chinese to a large extent. But like, what happens is the virus
recombines in animals and humans in China, it the new variants show up. And then what the
the vaccine manufacturers do, they go and they check what type of proteins they need to form
antibodies to, they find those proteins specifically in China and in Asia, they create
formulate the new vaccine, and then Americans can get the vaccine. If you go to India, or if you go
to China, there's no flu vaccine that I'm aware of, because it's too late, it's too early by that
point. Indians and Chinese have to get the flu in order for you to they have to get the flu in
order for us to figure out what variant to use for the vaccine for us in America. That makes sense.
Yeah, so like these viruses vary in terms of our vaccines useful, how long does the actual effect
last is a year with flu, it's only about a year, especially because the variant is different in
the following year, not just because the immunity wanes. So pretty interesting stuff like, and even
you getting the flu doesn't prevent you from getting the flu the next year and the next year.
But if you were born in a bubble, like let's say you, you know, like quite literally didn't you were
born in space or some shit, devoid of all viruses, whatever. And you just show up on Earth, you're
going to get bombarded from the moment you you show up with all sorts of viruses and probably
will die of something. So we develop immunity throughout our lives to some parts of these
various viruses, a little bit of flu, a little bit of common cold, a little bit of this, a little bit
of that. And that way, you're sort of like building up a baseline immunity to a variety of things.
It's when a brand new virus emerges out of nowhere, or is engineered or whatever,
then you get into trouble. That's another thing controversial too, that like, you know, was this
virus engineered? Are we sure it was engineered virus that escaped? All of that stuff is really,
really hard to follow as far as the literature on it. I think it's probable that it was an actual
lab grown thing. I mean, it's possible, I don't know about probable, it's possible. And I think
it's quite possible that like a researcher or something at the lab fucked around and found out
and accidentally released us onto the world. Because that was just an inevitability so long as
you do any kind of virus research is something like that would happen essentially. So it's not
certainly not at the realm of possibilities. And you certainly don't have to be a conspiracy
theorist. I think that's possible. Now, on the other hand, is that what actually happened? I
don't know. On the other hand, was it purposeful? Like did someone do this on purpose? I don't think
so. Because like, if the Chinese were to do it on purpose, you would think they'd like, well, figure
out how to vaccinate their own population or some shit first. And their economy suffered severely
because of this. So they shut down for like two years and fucked up their whole entire stock
market. Exactly. So if it was intentional, they sure fucked that up, right? So it was like, human
beings aren't very good at doing intentional shit at that scale, by the way. So and I think even the
Chinese would understand this, like it's very difficult to sort of do some kind of bio terror
event of that scale and not fuck that up royally or have consequences that are far reaching that
you can't fully predict. So governments usually want outcomes they can predict. They don't want
to fucking like, you know, like, Oh, we think America's gonna print a lot of money if we do
this, you know, like these kinds of like conspiracies, that it's all some central agent.
There's no human I've met so far that has enough far reaching understanding about the future that
they can come up with a plan to do all this shit and like, do it on purpose. I can understand like,
if some sociopath or some shit did something crazy that but not as a conspiracy, like they
have a grand plan. I could understand I could I could understand that there could be a human
out there that wants to fuck up a lot of people because they're fucking nuts. I think that's
plausible. I've met enough sociopath to know that that can happen. But at the same time, like, you
know, is that what happened here? I don't know. I doubt it. So I don't I don't think I'm assigning
a malignant motive to China or anybody else for having something like that be released or whatever
it is. So yeah, it's interesting. Yeah, what do you think of like, you know, the theory that
things like this are coordinated events to basically achieve some overarching economic
goals slash demographic goals? I don't think so. It's just too it's just too sloppy of a thing to
try to attempt to make any kind of definitive. Like, how can you be sure your goals are reached? I
mean, it doesn't make any sense. Like, well, if you if you have like a lot of aging populations
in different countries, and you don't have enough kids to, you know, have to, you know, you don't
have enough people who work to pay the pension for those kids. And at this, you basically have
too many old people and not enough young people. Yeah, thank you. Thank you. H bar. Hodler. We'll
make sure and buy some hetero hashgraph. Yeah, I think like worrying about those conspiracy
stuff is kind of pointless. Because like, what are you gonna do about it? Anyway, let's say someone
did do it on purpose. The fuck are you gonna do about it? Right? Like, yeah, the decades like
I find it funny that people go down this these rabbit holes, like worrying about this shit,
like, who the fuck cares? I mean, at the end of the day, like, you know, what are you gonna do
about it? You're gonna you're gonna save lives, save lives, you're gonna hide, hide, if you're
gonna take vaccine, take it. If you're not, don't, whatever it is, like, at the end of the day, it's
like, you think you're gonna solve like, you know, like whatever 6 billion people on this planet are
doing? Like, on any given day, how many things? There's a billion, whatever you the 8 billion
people laying around on this planet, how many of those are you in control of? None, like almost
none. So the reality is like, there could be any number of disasters that happened that are human
mediated that you're not going to prevent. And for that matter, on top of that, you're not going
to be able to prove either. Like, let's say you could prevent them. What are you gonna do about
it? Like, you're gonna go and like scream at the top of your lungs somewhere? Like, it's just nonsense.
Like, you're like, you're like, this is not a way to become useful in life is to worry about this
sort of shit. It's like, and you know, even people like NSA and CIA, like, you know, like,
you could create any number of possible concerns. Like, if you go look at the NSA's list of the,
you know, 10 top 10 things that could destroy the United States or whatever, or you look at like,
you know, the CIA is biggest hotspots in the world in terms of things they're worried about.
I mean, how many times have this NSA and CIA fucked all that up, regardless of having good
intentions? I mean, probably more like that. There's probably more fuck ups than there are
successes more than likely. You just don't hear about them. Right? So like, do you want them to
not try to prevent certain wars or certain dictators or whatever? America in particular
used to be like this, by the way, before when the Monroe Doctrine was a thing and before Pearl
Harbor and whatnot. Like, the US used to be very standoff. It didn't sort of play around in world
affairs and whatever. But after World War Two, they're like, fuck that. Because basically,
you can blame Hitler for the world you have now in that like, because being a country and just
wanting to be fucking left alone, people are going to bother you anyway. Guess what? Well,
you woke us fucking up and you got, you know, like a bunch of people had to fucking die.
And that's how that played out. So if countries leave each other, fuck alone, you wouldn't have
to have people like the United States or whoever running submarines all over the world blown shit
up. But the reality is, if you look at the world today, I'm pretty optimistic. The number of people
on this planet right now that are have a belly with food in it, and you know, who have like a
better quality of life than we did like 100 years ago, the number of people that are dying of
straight up starvation today compared to 150 years ago is night and day. So we've made a lot of
progress on this planet in terms of just like human longevity, human poverty and all sorts of
other things. And now the people on God's are are pretty much suffering. So well, but the thing is
like, but if you say if you count up the people in Gaza in Israel, you maybe count up the people in
the World Trade Centers, you count up the people in whatever, like pick your conflict, whatever
Afghanistan, Iraq, the number of people dying in war and the last since World War Two is way, way,
lower than it used to be during the Great Wars and whatnot. By the way, most of those were not the
US's or anybody else's like that was certainly wasn't the US, North America, South America's
fault for those wars, by the way, like that shit was like wholesale, you know, created by Europe.
And if you look at how many Muslims have killed each other for stupid shit, that was not caused
by Americans or whoever the fuck else either. And if you look at centuries, thousands of years,
people in India killed each other, like more people killed Indians and certainly than the
British killed any Indians. That's for fuck sure. It was just basically doggy dog in places like
China, Mongolia, India, like people just killed each other all the time for fucking, you know,
whatever else reasons. So the number of people dying in war generally today is much, much lower.
Now it's projected on the media. So it's like, oh, my God, the Gazans have died, whatever now,
I don't want the Gazans to die. I don't want Israelis to die. Don't don't don't take this
just for me from experience as a Palestinian. I am a Palestinian. And from what I've seen,
from what I've been in there and the suffering we've been through for the past
decades or centuries, you want to say, nobody has really started with us. And we've been suffering
for X amount of years until recently, social media and everything portrayed the truth for
the Palestinian. So everything was kind of hidden for the Palestinians we've been suffering
for X amount of years. Yeah, at some level, I blame both the Israelis and the Palestinians,
because I think both your both the religions are flawed in so many ways. So like the problem is,
if I say that I'm going to be the bad guy, no matter what I mean, you could blame it on religion
at the end of the day, I'm a Palestinian Christian, which is very rare. But at the
end of the day, you could blame the extremists on the left side and the right side. And that's
what caused like in America, for example, I've when I grew up, I had a best friend that was Israeli,
had a best friend that like a very good like best friends, like my little circle.
Think about the stranger kids group, you know, that that TV show, but like that's the
captain kind of nerds we were. But I had a kid that was Israeli, we had one was Iraqi.
We had one that was like, I mean, like truly, like, you know, it was a smorgasbord of different kids,
and nobody gave a fuck what each other's religions were or whatever. We were largely secular in our
day to day actions or activities. Nobody killed each other. And so if you take the exact same
group of people in America, they're by and large, not killing each other, like they're not doing
anything. But when it comes to land and politics and power, both groups come come up with great
reasons to kill each other. Like for example, like Hamas leadership has been a clusterfuck,
no matter how you look at it. Like if you're a member of the Palestinians, you're like,
okay, the mosque leadership, fuck this up big time in the sense that like,
over the many, many years, like it's quite possible that you could have had just as much
prosperity there as you did in Israel. For sure, it was feasible. But instead,
religious ideology drove the ship instead of say, for example, creating
I don't know, technologies or something like that, like, you know, like you could have done,
there could have been something else. So every civilization, I'm not saying like,
that's the only thing to blame. And, you know, I'm sure Israel's did plenty bad things. I mean,
these are not like saints or any shit like that. Like, clearly, like these are there's
bad people on every side without doubt. And there's always is, by the way, like, you know,
like you think everyone that we killed in Germany with the Nazis were all bad.
There are plenty of good German people that were stuck under the Hitler's regime that had to die
in that process, unfortunately. And it wasn't, you know, it wasn't the UK's fault that Germany
decided to fucking bomb the shit out of them. Right. So you could ask you, you know, so at some
level, and by the way, it's not just like, if you ask me who has created more chaos on this planet,
white people or say Muslims, for example, clearly white people have done all sorts of fucking
nonsense, right? Like, like world wars were basically against their own people. It wasn't
even like, if white people is a clan or Christians or whatever yet tons of inter Christian wars,
you know, with for hundreds of years for a long, long time. So a lot of this kind of religious
ideology type things ends up leading to and by the way, being a particular region, religion,
Christian or otherwise didn't prevent a bunch of wars either, which is interesting. So these are
like human problems. And every so often, I mean, I kid you not, like a civilization just gets wiped
off the face of the earth one day. Sorry, but isn't the core of all of this, like a fight for
resources, which is then, you know, communicated to people through frames that you know,
it's all of the above. Like, okay, you know, in a way, like I tried to break it down into like,
just one thing. Clearly, it's all of the above. It's resources, it's religion, it's, you know,
I don't like you, you killed my father, or whatever, like all of like, just the entire
rapper is like a Moloch phenomenon of just endless nonsense that just keeps going on and on.
And, you know, there's no great way to solve for it. And, you know, what are you going to do exactly?
You know, you look at it from the Israeli side, you're like, wait a minute, these guys have tunnels
everywhere, and they put all sorts of weapons and shit in them, like they're like throwing missiles,
like, let me put it do this way. If you were to come to my town, I don't care who the fuck you are,
you start lobbing missiles into my neighborhood, I can tell you, your civilization is going to be
exterminated. You can't, you can't really look at it like that. Yeah, you really got to go back.
You want to look at Israelis as sociopathic? If you, if you could have any idea how vindictive I
would be, if you start lobbing weapons at my children, I will slay your nation on the ground.
But you're really looking at it not from the deep picture though, you're looking at it from the
Gazans being in prison for X amount of years, you're looking at the more recent picture. I mean,
Israel was never really a nation until they absolutely destroyed all of the Palestinians
and put them in this prison. And I mean, you're really looking at it. Yeah, I get it. Like,
it's all bad. I want to say it's too complicated for the average person to really understand it.
Yeah, again, I don't know. My point is you can understand the people who want vengeance too,
both on the Palestinian and the Israeli side. Like you get the why the wars don't go away that
easily is, you know, because cooler heads, you know, what does it take for cooler heads to
prevail? Like you don't have a common religion. So it's very hard for that to be the final purveyor.
You have like arguments about religious lands, which doesn't solve anything because the people
on the religious right on both sides are going to want to want specific land. And the whole thing
is just a mess. Basically, there's no good way to solve it. I mean, from an outsider's perspective,
Morty, you could you could argue that like an outsider's perspective, both groups are idiots.
And you know, it's like you could ask someone in random place around the world. They're like,
I don't know if they kill themselves who cares. That's how people are going to think about it.
So it's like this assumption that the world is just going to care about everybody else is like,
and here's the thing, like when America cared about going and helping Europe with with World
War Two, think about it this way, like how much like look how much flack the US still gets for
participating in various Middle Eastern wars and whatever. I had Iraqi friends and and they wanted
America to go into Iraq for that matter. Like, you know, so there's always like two sides to this.
And you get a lot of flack no matter what you do. Like, if you don't help the Israelis,
you get one set of problems. If you don't help the Palestinians, you get another set of problems.
There's no right answer to this shit. This could have all been solved.
I mean, yeah, you know, I hope all the best for both groups and all that. But it's like,
those of us who are looking at it from the outside, who don't have skin in that game,
and are not stuck in those situations, there's no way for us to sort of like,
I don't know, put ourselves in those shoes, in a sense, right? Like, like, what would you tell
the world? Like, if you had if you could tell the whole world one thing to solve this crisis,
what would it be? It's hard, like, nobody even knows what to say. To say solution is pretty simple.
But there's people on those people don't want that too. I agree. But I'm you're asking me,
you're like, oh, California don't want that too. And there's a lot of extreme Israelis,
I don't want that either. So both sides, you could say are. Yeah. And don't forget,
there's a lot of people in Iran that don't want. And once again, when you look at the Palestinians,
why don't they want that two state solution? Because originally, it was their homeland. So
you could kind of look at it like, Oh, yeah, I understand your point of view. But when you look
at the Israelis point of view, it was never your homeland to even get to choose a two state solution.
Fuck you guys. You know what I mean? Another factor. Another factor is this,
like I saw I had a friend that was in the Egyptian army. And I trained him as a physician.
He had moved to the United States, but he was Egyptian army before, for quite some time.
Real nice guy. And he asked him this. So when this entire conflict came out, that began, I was
actually at a conference, a medical conference in like Hawaii recently. And I happened to meet him
there. And I trained him. He's like, Oh, hey, how's it going? Like, you know, you know, when people
I train, it's like, you know, like, he's like meeting his mentor kind of thing. We went out for
dinner and sat down and I was it this conversation came up because well, that was the conversation
of that that last summer, right? So I asked him, like, what do you guys think, like, as an Egyptian
ex army guy, what do you think is the deal here? Like, why don't you take like refugees from
Palestine or whatever into Egypt and whatnot? And he said, the reason was because like,
a lot of the people who are Muslim Brotherhood in Egypt were actually the same people that were
people that were also infiltrating and messing with Palestine also. So the problem was, this is
not a homogenous group of people, the so called Palestinians, you have a lot of different people
roaming around these areas, still stirring up all sorts of nonsense for different ideological
reasons. And while there's innocent Palestinians, there's also all sorts of randoms in there that
want to stir up shit. And he said the because the way the Muslim Brotherhood essentially sowed
chaos in Egypt, the Egyptians don't want to have anything to fucking do with those people coming
back into Egypt, because they're they can destabilize their government, they can actually
create situations where they they will try to topple and create terrorism events against
those people as well. And that's happened, right? So this is what happened. And that was his take,
by the way, not mine. I don't really know if it's true. I just I will tell you how my so for example,
my grandparents, my dad, they were originally within Jerusalem, they had to flee into a city
called Amalai, which is in Palestine. So we, my people, or sorry, my dad, my grandpa were not
originally from this city, we're originally from within Jerusalem. So the reason why people in
Gaza, why they don't, sorry, why the Egyptians don't take the Palestinians into Egypt, is because
once they take them into Egypt, Israel will never allow them to go back into their home, they are
going to expel them from that land as well as going to build their own blah, blah, blah, blah,
and those people will never ever see their homes ever again. And that's exactly what the history
did to my dad, my grandparents, they told them, Oh, you'll come back eventually, nope, they kicked
them out, they stole all their land, they stole all the golds in the homes, they stole blah, blah,
blah, blah. And for example, my parents, my grandparents were never ever able to go back
to the original home. Does that make sense? Yeah, I get it. And, you know, like, I don't know, it's
really understand it. I mean, here's the here's the thing, if I had to choose from my family,
if I had to choose whether or not I get to keep my house and the land I lived on, or maybe even
my ancestral land and different places in the world, would I choose to keep that or keep the
life of my family? Without question, it would be life my family, I can always find land. Sometimes
people have a lot of dignity, like now fuck it, I'd rather die here, my home. Yeah, and that's
going to be why you that that sort of fanaticism is why you're going to have people have carried
us on forever, is because there's an attachment to land that is meaningless. It's literally piles of
dirt. And actually, there's a lot is actually the Palestinian land underneath and all that is filled
with gold. And it's worth a lot of money, which is why you know, but the point the point is there's
gold, there's oil and all sorts of things in front of all sorts of underground, whatever. The point
is, that's not the thing. It's like, there's no basis for any kind of compromise. If either the
two civilizations can't come together, the cultures can't come together, the religions can't come
together or something. And eventually, it becomes like a drama scenario. And like, my wife's state
in India is a good example here, like we're talking about a group that's by and large, all Indians,
by and large, the same language, by and large, the same food, like, quite literally, they're not even
finding about necessarily religion. And her state split in two for no other reason, except for the
upper half wanted certain economic and whatever goals and the politicians decided to break the
two states apart because it benefited them individually, in terms of the voting bloc, and
I don't know, whatever else. And it turned out like, you know, so unity is actually quite
difficult. Most of the countries in the world, in the last most of the last 100 years, outside of
West and East Germany, most states and countries have split apart, not grown together. If you've
noticed this, it's really, really difficult to build together something. And it was a lot easier
to do that. Like, for example, if you form America, where there's a gigantic amount of extra land,
and the geography, the borders hadn't been drawn yet. But today, we live in a world with
Balaji Srinivas, and the guy on Twitter that posts about a Bitcoin shit, he makes a good point about
this. And that is that like, what's different about the world today is that the borders are
largely drawn. And when the borders are the geography is all largely drawn, and the battle
lines are all drawn, there's very little room for anyone to sort of run away to. Like, where are you
gonna run to exactly, if you're Palestinians, or if you're whatever, even if you couldn't get into
Egypt, where else could you go that someone's going to want you specifically? Why should I be
able to leave my home? No, that's the problem is why should I have? Yeah, that's life. There's no
civilization on this planet that's had that their particular land forever, like outside of maybe
Africans. So that's just life. Good luck. Like, if the present like number one, everyone you and
everyone you have ever known will be dead one day. Remember this. It's like once you realize the
existential is like part of this is that it doesn't matter what the fuck you do, you can kill
each other till the cows come home. This planet just won't be around forever. Who really gives a fuck?
You won't be around forever, your children and their children won't be around forever.
The reality is like, you have this idea is like a more egotistical sort of like,
thinking about our homelands and whatever else. I have like, do you know how many people are
spilling into America today in terms of just crossing the border illegally? You know, it's a
gigantic number of people. And the reality is like, you know, I know family members like my wife's
family members who tried to come from India and stuff like this for like the longest time for 20
years couldn't get a fucking visa. Now you can just walk across and then and now you can just show
up in the hospital and like, get free care. And then like an actual citizen now is going to be
like waiting in the waiting room while you're, you know, giving free care to randoms. You don't
think people are going to be pissed eventually, and then people are going to die? Of course it's
going to happen. Like, so on the other hand, it's like, well, you know, what are you going to do?
Exactly. You're going to kill them at the border, you're going to shoot them, you're going to like,
you're going to like, lock them up. I don't know. I'm not sure. But like, the policy has become a
complete mess. There's more people involved with those border crossings than all of Palestine in
any given year, like the entire population of Palestine is just roaming free across the border
of the United States. And yet here, here we are. So when Egypt is not letting Palestinians come in,
you know, yet America is letting millions of people randomly in just out of the blue,
you can understand how the American public looks at all this and go, wait a minute,
what the fuck's going on here? Right? Like, what is actually going on?
Like, so if, yeah, I mean, who cares if Israel doesn't let Palestinians back in or whatever?
It should be an individual's right, if in theory, to run to Egypt if they wanted to,
or not a right, but you know, like, it'd be nice to be able to run away to Egypt if you didn't have
a house and your fucking house is blown to bits. And there's an Egyptian willing to take you. But
that's not the case either. The Egyptians kind of are just as much to blame for locking everyone
into that space as the Israelis are. And that's just from my perspective, but I'm not saying that
it's right or wrong or whatever. Just looking as an outsider, this is kind of what I see. I'm like,
what the fuck's going on here? That's why I asked my Egyptian friend, why don't you let
Palestinians in if they want to come in? And he's like, well, because this is the reason why.
Yeah, I mean, the issue is the security part of it, right? So they're basically afraid of Hamas
entering Egypt, I would say. But then again, you would argue that, yeah, if Hamas really wanted
to go to Egypt, would they not find a different way if they already have so many tunnels? And I
mean, those tunnels are definitely also going into. Also, remember this component of geopolitics is
this. So 99 percent of people in most countries, and I'm just using that random number, let's say
it's 95 percent, are probably absolutely innocent people that have really couldn't care less one
way or the other. I don't care if it's Israelis, Gazans. I don't care if it's like Egyptians,
whoever, right? Like most people just want to live their fucking lives. They don't want to be
bothered by any of this shit. That's the truth. Like if you go to any person's house in any place
in the world, my father-in-law lived in Iran for quite a few years. In fact, my sister and I was
born there. He had moved there for doing some surgical work and stuff and was, you know,
anyway, if you go to, and he used to describe how like Iranians are extremely nice people,
like the Persians and whatnot. Like, you know, if you just roam around Iran, you're gonna have
a lot of nice friends there, very hospitable people, very courteous, and will invite you
into your home and feed you and whatever else. Like, you know, oh, where are you from? Okay,
like they're very nice folks. It's not what the media portrays all these people to be.
So most people in most places are nice. I think that's my like default. What you have to realize
though, is that it only takes a few bad apples, a Hitler here and Ayatollah there,
to fuck up the entire country's prospects for the next century or whatever. And this is just
a fact of life. And if it just so happens that, you know, your country, whichever one it is, America,
whether it's Argentina, whoever, you happen to get an apple that just basically drives the,
you know, bad apple that drives your country in some bad direction, guess what?
Like, you know, it's your population's fault for having given birth to that creature.
And your children and their children are going to suffer for it for generations. And it's not that
you can predict it. It's just unlucky. It's just unlucky, guys. Like, I don't know how
to look at this. Like, you know, does the Mongolians, you know, did they realize that
Genghis Khan was going to, you know, dominate everybody? Did like, you know, who knows? Like,
there's always somebody that gets lots of power for some reason and they cause a lot of havoc.
And whether it's like leaders of Hamas or Israel or whoever, and you just get stuck with the leaders
you get, man, it's like a roll of the dice. It's like going to a casino and everyone decides,
is my civilization going to die or is it going to survive? I mean, like, you know, I'm Persian,
so I am from Iran and I lived there for 13 years. And, you know, my uncle was a political prisoner
until like a couple of weeks ago, almost. Where do you live? Where do you live now in the U.S.
somewhere? Usually I live in Germany, but right now I'm in Southeast Asia. I usually just travel
around all the time. I just work and travel. Yeah. But basically, you know, my perspective on the
reason why these people are put in place is a little bit different. I mean, if you look at the
two axes that we have right now, where you have, you know, the China Russia axis and then Iran,
and then Iran having that significant control in the region. So they basically control
Iraq pretty much. They control Syria. I mean, not fully controlled, but they have a huge influence,
right? They have Lebanon. So, you know, if you look at it, it's like you have these in Iran
specifically with the Shah, you had the like a U.S. installed government that was then basically
repelled by the people. And it was done through like a movement that started within like the
lowest income grade of society that was exploited. Exactly. Well, part of it is because the Shah
tended to be anti, like he used to be against sort of militant Islamic types. So he used to have to
exert violence against them fairly regularly. This is the reason why that when you basically
like co-opted the general public and said, oh, this guy is a dictator, whatever, it's America,
set him up. My father-in-law, until the day he died, quite literally was upset with Jimmy Carter
and what an imbecile he was for like allowing the Shah to fall and basically subjugating Iran and
whatnot. And even the people like, and depending on which side of, you know, which side you're on,
you either like the fact that Ayatollah is there or you hate the fact that he's there. A lot of
people that left Iran, like some of the doctors I've trained that were Iranian were like, and
Persian particularly, really, really despised what's happened to Iran and Ayatollah taking over.
And they actually longed for the days of when the Shah was there because like, at least you
didn't have this like Islamist nation type of behavior. Because a lot of people in Iran are like,
why in the fuck don't we just like have like a normal civilization where we can just like,
because Iran's actually got quite a bit of talent. Like you could basically be,
you know, you could really be essentially competing with European countries and maybe even
exceed some of them in a sense, like good resources and all of those, you know, plenty of, you know,
issue is the real issue is that if you look at Iran from an objective points of view, from a,
you know, geopolitical points of view, rather than like, look at the, you know, look at the
situation of the general population, you could argue that, you know, Iran is extremely powerful
now due to the fact that, you know, they kind of build like that pole in the Middle East. Whereas,
you know, you've got all of these other countries and Europe completely abiding by the US pretty
much. And then you have all of the countries here in Southeast Asia, for example, also be
kind of really much really controlled by China to a large extent. And then you've got Iran kind of
as like this independent, I mean, it's not independent, but it's definitely not considered
a satellite state, I would say at this point. I mean, if you look at the fact that they're now
supplying Russia with drones, the fact that, you know, they were able to build their entire
nuclear program with like the hefty sanctions. So I think, you know, it's kind of always like a
discussion of power, in a sense. But yeah, I mean, as you rightfully said, like the 95%
of the people are the one who end up suffering. But, you know, that suffering is
or benefiting or benefiting. Yeah, or benefiting. Yeah. But you know, that suffering is not
necessarily caused by the country itself. Mostly, it is somehow, you know, sometimes caused by,
you know, the reaction of that international community onto that country, for example,
imposing sanctions and, you know, causing hyperinflation. And then exploited again,
by that upper class in that country where, you know, these 95% live who, you know, control all
the resources and the labor market. And essentially, you know, every time inflation goes up, a new
sanction comes or there is like a bomb going up in Iraq at a camp, you know, the real goes up by
2000. Yeah. Well, that's great for them. That means lower wages. That means lower production costs.
So, you know, in the end, yesterday, Kim Dotcom tweeted that, yeah, here's a list of
10 reasons why you shouldn't be afraid of World War Three. And it was like an empty paper. And I
literally replied, you know, with that same image with one line that all of the countries in the
world benefit from each other's existence without exception. So, you know, when Iran is put into
sanctions, that is great for the highest levels in Iran. And it's great for, you know, those
competing nations who are able to fill in the gap in the market. So, you know, that's why when I say
when we're discussing the pandemic, when I say, yeah, do you think there might be like a
demographic reason behind it? I really do think that the world is way more, you know,
one. And I'm not saying it's all under one control, but it is an invisible hand there.
Yeah, the invisible hand is something that is always there in that, like, in any country,
in any universe, you know, you basically don't know what every single component of that universe
is doing and how much how centralized or decentralized is the invisible hand is the
other question, too. But you can't control for most of those things. So what countries try to do
is they try to sort of, like, make the visible hand really, really obvious to the extent that
it's possible. So, for example, a nuclear submarine is a visible hand. It's not an invisible sense.
It's like, we have this. And so, therefore, you can't do this, this, and this. And
so, like, the projection of power, the projection of the image of power, all of that is going to be
something that's always done. And some countries have more of an interest in becoming a hegemonic
power in that region. Countries that tend to want to become hegemons are the ones that tend to have
high energy resources. So, for example, India can't go fuck around too much because there's not that
much energy, like, there's not enough energy locally to support the growth of some kind of a
war power. So, you know, whereas, like, if a country has plenty of oil, like in Iran or US or
Russia, you can see how different they are. Right. Like, like the ones that have the highest energy
equals military might ultimately, because they have an exportable resources they can print,
like, and they can print money based on that. And they can use that to buy and build all sorts of
interesting weapons and shit. It's a very clear correlation between who has lots of energy and who
causes chaos in the world or influences. But like, how many problems do you see coming out of Thailand?
Guess what? Like, Thailand doesn't cause any problems compared to Iran or the US or something
like that for other people. Right. It's very closely tied to energy resources, which is really
quite fascinating. So, yeah, the ability to project power is about energy resources.
And like, you know, if Iran didn't have tons of oil resources, you'd just be living in a different
world. In fact, if guess who is the one that actually made Iran powerful? It was actually
America. Why? Because in Pennsylvania, not only was oil discovered, but the refining of it was
discovered, which changed the entire world. The Petro-Agro and oil revolution happened as a result
of that. In fact, the Middle East would probably have like, I don't know, probably like one tenth
or so, like the population that it has now if it wasn't for the Petro-Agro revolution. Guess who
created that? That was almost entirely caused by the West. Most of those technologies came out of
the West that caused that, whether it's energy or otherwise. So it's like funny to me. It's like,
if everyone looks at each other's contributions, people look at the contribution of Iranians or
the contribution of Americans or the contribution of Canadians or whoever, right? And say, hey,
look, we have this world we have now because of all these neat contributions. And people were very
good at like patting each other in the back and saying, yeah, thank you for your math contributions
that helped us cure cancer or some shit, then we'd have live in a good world. Instead, what we have
is like, energy leads to power centralization, which then leads to sort of like hegemonic battles
over who should rule what and whatever else. But if you look at the world as it exists today, I mean,
like you wouldn't even be having Middle East wars if we hadn't discovered oil, right? Like who
the fuck would go to the Middle East to play around over there if you didn't have all about money.
It's not just money. It's just it's about energy. Money is not a meaningless concept. Energy is
what matters. Energy is like the end result. It's why we have the human, like it's why we have the
world we live in today. Really, it's energy. I think it's slowly shifting from only energy,
also towards like food and water, to be honest. I mean, when I look at Ukraine war, I don't see
and I mean, yeah, of course, there is that energy component from like Russia to Europe. But like,
when we're strictly talking about, yeah, resource, they're like one of the biggest grain producers
in the world. Sure. Right. I have simple kind of concept. There's only the equals MC squared,
energy and mass. These are the two things that matter. And mass is in the form of resources
like minerals and, and which then turn into food and whatnot water, which is basically a,
you know, molecular compound, right? Like all of these things are just molecules.
So equals MC squared, you can just basically sum up everything that anyone human cares about from
that equation, basically, at some level. And, you know, so that's all like, I get it resource wars
and everything. But there's not gonna be a world in which there's no resource wars, I don't think
it's like very difficult to create that world. Like, if you had a kumbaya world where everyone
is friendly, I think it'd be a weird world, I think it probably ended up being highly tyrannical.
Because in order to forget to get everyone to agree on something, whether it's a religion,
or whether it's a way of life or something, you would have to destroy genetic diversity to do it,
you'd have to do eugenics in order to create that world where everyone thinks the same.
And we're all like robots that, you know, all exactly like each other's comments and,
you know, whatever, like, you know what I mean? Like, it'd be a weird world where everyone was
friendly. I think that would be, it's certainly not the universe that we know. And I don't think
it's possible, by the way, it's not, you can't actually do this, because any attempt to eugenically
centralize like human genetics will probably lead to our extinction anyway, right? Because
diverse genetic diversity is necessary for our survival. Everybody knows this. It's like simple,
simple genetics. So it's like, you're not like, so I think like, either ideology, or which is
if it comes in the form of religious or political or genetic lack of diversity, both will lead to
our extinction either way. I think like, it's just what it is. But yeah, interesting guys,
like, yeah, I mean, I don't know, like, so do you think like, you know, but to me, it's like, I don't
know, it, the thing is, it's like, the US in particular is not particularly that interested
in going and invading Iran. In fact, if it wanted to keep Germany, it could have, if it wanted to
keep, if it wanted to keep Japan, it could have to the to a large extent, the American population is
very much about like, live and let live to a large extent. Well, even if they want to invade
Iran, they can't, Iran will probably is too powerful for them anyways. Well, no, that's,
this is not true. You can destroy the infrastructure of Iran in moments. I would, I would strongly
discourage that theory. I mean, that's, that's not what I meant. Keeping it's a difficult thing,
right? That's not what I meant by powerful and kicking America's ass. That's not what I meant.
America's obviously number one. What I meant is America, Iran has the capabilities of fucking
up more shit and causing more damage and with nuclear, blah, blah, blah, blah. But not in a war
sense against America, not obviously America will kick their ass, but they obviously, they have
nuclear weapons and all this crap. They would be too scary. They would block the Straits of Fort
mesh. US companies are doing with, you know, Iran, and especially, you know, talking about the
natural resources, lithium, Tesla, you know, like, you, you would look at this world very differently
when you're looking at Iran and the US. I mean, there is that whole theater of, you know,
for example, my uncle's six years in jail. But generally, you know, the economic relationships
in this whole, you know, the whole reason why after World War Two, we didn't have like a
ginormous world war is because of this hyper, yeah, kind of mix of globalization and capitalism.
So there was so many economic relationships, especially around the rare earth metals and
chemicals and stuff like that, you know, yeah, they're going against all the laws that they impose
on like the general population in terms of like sanctions and stuff that everyone is kind of
accomplished to it. So there is no way that they can, you know, yeah, it's kind of like a crime
where everyone is involved. So no one is telling each other. So yeah, I don't think the US would
ever invade. Yeah, there's no good reason to do this. Like, it's just not like, what would you
achieve exactly? And like, how would you fill that power vacuum? And like, what would you do? So the
thing is, like, ultimately, if the Iran people eventually want a different regime, they would
just have to figure it out for themselves, ultimately. And the trouble is, like, with modern
weapons and such, it's very difficult to get rid of authoritarian regimes and stuff that you don't
like. So for example, North Korea would be a perfect example of that. The average North Korean has
really no choice. They're basically like if they like Kim Jong Un, they don't like him, whatever.
Well, they and incidentally, they love him because they're, they're, they're, like, brainwashed to
love him from the beginning, right? But like, but yeah, these kind of unfree worlds is something
that even Iranian people should probably be worried about. Because here's the thing, maybe
the ayatollah is a nice guy. Maybe he maybe he's, you know, good for the Iranian people. But guess
what, the next guy might not be. And now you gave all the power to you're gonna give all the power
to a person that subjugates people even further. Yeah, when you have the potential for subjugation,
by the way, and when you have a subjugated population, it dramatically decreases innovation
as well. That's just part of it, because nobody else wants to do business with you. No one wants
to come put a business in Iran or whatever. But like, would Iran have way, way more benefits if
lots of companies wanted to come and put their branches in Iran? Sure. Like, so there is
definitely a decision that was made by the the Iranian leadership that decided, hey, we're going
to cut off from such and such, you know, and like, we're not going to get the benefits of
economic activity between these different countries. And that's just well,
once again, America doesn't really allow competition, for example, China's pretty fucking
competitive, and they don't want any of their companies in America. So America kind of likes
to shut off competition from, you know, being it also depends on the type of regime to like,
that's the thing like, you know, like, are these folks that are acting in good faith? Like,
for example, if you take like Germans that show up in America, are most Germans like, you know,
are Germans the leading hackers against, you know, American systems? Not exactly. Right? Like,
this is more North Korea and China. If like, that was not the case, then yeah, there might be a
reason to believe that like, okay, they're benign. Like, take for example, how much hacking of
American system is happening by Indians? Tons of Indians live in America. In fact, it's the highest
per capita earning group in the country is Indians, it's not even white people or whoever.
And how much like, drama is there between India and the United States? Relatively little in the
grand scheme of things. Not only that, but do you worry that like, oh, Indians are owning too much
land in America, not really, they own 90% of the hotels right now as we speak. So the thing is like,
it depends on your ideology, the probability that like, the average Indians going to come and like,
blow up America is relatively low. And on top of that, India is not doesn't have expansionist
policies all over the all over Asia trying to steal your land and shit. So the thing is like,
there's definitely kind of, it depends on that particular country and how it behaves,
I think, in terms of how either Europe or India or even China, look at China, for that matter,
they shut off the internet of like the US internet to Chinese people, why would they do this? Right?
Like, why would they do this? So it's not like, it's not like these are all like,
just perfectly good people. And it's like, well, you know, America's just making decisions for
everybody else. I mean, America was pretty fucking cordial to China, if you really think about it,
like, you know, supported a tremendous amount of economic growth in China, Nixon specifically went
to China, even though they were fucking socialists or whatever, and they were sort of in a Cold War,
and try to bridge gap, you know, and create tons of gap, you know, bridging to the Chinese people
and like, hey, we'll have less wars and nuclear wars if we all create economic ties and all that
shit. I think like a lot of people were pretty cordial. And like, why in the world does does
China attempt to be sort of like, so authoritarian? I don't know that they have their their reasons,
I suppose, but I don't know. So like, confusion, I think it's a little bit cultural. Yeah,
you're taking like an individualist culture, and then you have like a very collectivist
culture. And then, you know, that's portrayed to us. I mean, if you ask a Chinese person what they
think of, you know, the Chinese government, they, they usually have like quite a favorable opinion.
I mean, is that like, deep, deep, deep, deep, deep inside their true opinion beyond like,
all the layers of cultural programming? That's a different story. But you could argue the exact
same thing for us, right? You could argue the exact same thing for us. I have a sense too,
that like, the culture you create is based on two things. The genetics of your, your group,
coupled with the environment they happen to live in. So for example, if you take a group of people
with a certain type of genetic predilections, and you drop them on a desert island, they might
behave differently than a group of people that have like, abundance resources, right? Like,
you're gonna understand how like, environment matters also, and where what happened, you know,
all of that. But the thing is like, yeah, so the bottom line is your culture is at least some
reflection of the individual DNA. The reason I don't buzz around like a beehive is because I
don't have bee DNA. My DNA is more similar to a monkey than it is to a bee. So that's why I don't
act like an insect. The same way that's right. At some level, human beings like just, you know,
if you're separated with enough genetic differences, like the Japanese could actually evolve to have a
different culture because their evolution led to a different batch of DNA with different predilections,
different mental illnesses, different like, ways of thinking in terms of like, what you're obsessed
with, etc. Right? Like you're like, look at Japanese culture as a good example, like,
talk about a group of fucking obsessives, Jesus fucking Christ. I mean, like, like, like, look
how they like, like work on their swords or work on their architecture, work on their art. I mean,
it's extremely fine detail, extreme obsessiveness. Germans are very similar, by the way.
The Germans have fantastic engineers that the Japanese do. But is it because like, oh, education
got them there? Fuck no. Have you ever met these people? Obsessive as fuck, like you're talking
about autistic, whatever you want to call it, like Jesus Christ, like that wasn't it. I don't
think that was a learned behavior. They're like that no matter where you put them. They moved to
anywhere they behave like this. In fact, if you go to a lot of medical labs in the United States,
like there's very few people that have the productivity of the Chinese. Like it's not
even a comparison. They don't mind sitting in that lab sitting there fucking, you know,
playing with their test tubes and the pipettes and whatever, all day and all night until the
late hours of night, 24 seven, they don't give a fuck what their hours are or anything else.
They're going to get this job done. Right? Or look at TSMC, the Taiwanese people and how they
build microchips. That's how the Mexicans are. Yeah, the Mexicans work like fucking like amazing,
like, like, like, as far as like, fuck, man. Yeah, they're just absolute machines, dude. Like,
so yeah, I think genetic predilections do have a relationship with, with culture to some extent.
And like in China, in particular, like, I think what's what Tat saying is like, correct. And that
like, to their genetic proclivities, they see that type of government is perfectly fine. Like
that's like, in other words, if their government didn't behave like that, they'd be concerned.
If that makes sense. Like, that's just like what that's what they expect. And, and it's portrayed
to Americans is really bad. And our way of life is portrayed to Chinese is very, very bad. And
the Chinese don't want to poison their way of life with, you know, American liberalism or whatever
you want to call it, which is thought to be kind of a little bit insane sometimes, which it is,
by the way, like, you know, do I think that fucking worrying about, you know, transvestites
and turning kids into sex changes, whatever is insane, I think it's insane. Like, I'm gonna
side with the Chinese on this one. I mean, Jesus fucking Christ, like, but if you watch like, like,
Zen was saying earlier, if you watch Chinese dramas, Korean dramas, and whatever, like,
you watch television from those groups, like, like, that's a very homogenous society
with a very, very sort of like specific sort of family values and whatnot. In fact, a lot of the
reason why a lot of people in America are enjoying watching Chinese and Korean dramas and stuff
is because it's like a relative, it's a throwback to a very like conservative American culture to
some extent, like, this is how in many ways conservative people in the West sort of behaved
until it became hyper liberal. So it seems like, wow, the Chinese and Japanese and whatever that
seems like really, really conservative family values compared to what we see on in American
TV, where pretty much like the picture is that, oh, every third person is gay, and like, every
sixth person is transvestite or whatever. That's how the portrayal is today on Netflix or on Disney
or whatever, where it's just simply not the case. It's like the portrayal is very interesting. And
Chinese are just don't like the fact that American media and American Hollywood and all these other
things like sort of brainwashed people into becoming sort of like quasi retards, which it has done,
like, you have to concede this at some level. So like, and I see it in new students that come to
teach and they're just complete imbeciles now, it's like, it's really difficult. Like, so it's
like, I think like I can see why the Chinese, for example, want to block some aspects of like,
Western liberalism or whatever into their culture, they feel like it's going to sort of taint their
culture similar to how like in the US, you can't just curse on TV. I mean, they're liberalizing
that too, to some extent, but before you couldn't say whatever the fuck you wanted, whenever you
wanted to, on TV, you would get censored and everything. It's not that different. But definitely
the Chinese take censorship and whatnot to a different level. And part of it's because the
average Chinese person doesn't want to see that shit necessarily. Look at Indian programming.
So Indian, like they call it Bollywood and whatever, was way more conservative before
than it is now. Like, it's gotten over the past 30, 40 years of becoming racier by the decade,
in terms of how much skin people show, how much like PDA type stuff is like portrayed in movies
and stuff. It's really shifted quite far. I mean, even in India, sex sells, Bikram's not here,
but he would probably clarify this more further because he's from there. But like, you definitely
a shift has happened there. Which is funny, because my wife prefers to watch fucking Chinese,
she's Indian, she prefers to watch Chinese dramas and she's watched more Chinese fucking dramas and
Korean dramas lately, than she's watched Indian shit in a very long time. That's got to tell you
something. So there's something that resonates with people about that sort of conservative
programming that a lot of those TV shows have. And I kind of watched in the periphery a little
bit. But Tats, you know, I'm talking about like, have you seen these yet? Like Chinese and Korean
and whatever TV? Yeah, I have. I mean, I kind of I mean, I have seen like the way it looks, I can't
really, you know, like storyline wise, I don't have like the exact details of the, you know,
what stories they portray, but I kind of know the gist of it. What I know more of is like the way,
you know, Turkish TV shows and, you know, Arabic ones, those ones, the way they portray stuff.
But, you know, what I generally always wonder is, how do these,
how does this, why is this media created? And what messages are they kind of communicating to the
people? And then if you look at the way Hollywood functions, and especially I find, you know,
science fiction very interesting. It's kind of, you know, the Hollywood predicted most things
that are now becoming reality many, many years ago. And I think that's kind of the difference
that we have in terms of the media we get to consume, where it is kind of sometimes you're
not always, but sometimes, especially, you know, the older stuff, very much so designed to push the
boundaries of our thinking into new realms. Whereas with media, I see in like, you know,
entertainment content, like movies and TV shows that I see in the, you know, like Turkish stuff
or Arabic stuff, it's a very much around, like, the way people should. Exactly. Agreed. You know,
yeah, no, for sure. Like, if you look at Asian stuff, it's way more about behavioral dramas than
it is about, say, for example, sci fi. And a couple of things like comedy and sci fi are two areas
where if you're going to have a decent story, you got to push some boundaries, like, because
like sci fi is about possible dystopias, possible utopias, and possible stories that are nothing
like the culture or the civilization or the technology you have today, right? So by definition,
it has to be sort of anti establishment. Comedy is the same way. Anything that's funny is by
definition, like a rebellion at some level, it's like, you know, you're about, you know, something
that shouldn't be funny, like about sex or about race or something is funny. And you know, so comedy
is like that. And then sci fi is also that to some extent, what you notice is that if you go
to Asian programming, you have like way less, I would say comedy, and even less sci fi in Asian
sort of circles. And I think it's because and there's a bit more sci fi now, like there's
definitely some South Korean sci fi, some Japanese, of course, the Japanese love sci fi, comparatively,
less so that I've seen of Chinese and or at least that's produced very well. Because sci fi
is about alternative futures, alternative governments, alternative ways of sort of like
how life completely changes. And the problem is, if you have relatively authoritarian governments,
who are monitoring this stuff, like you can't portray a sci fi version of China in the future
that's dramatically different from today's version. Otherwise, it's going to be looked
at as a type of subversion against the government, right? The same is true probably in Iran as well.
There's gonna be like, so programming for the masses is truly just going to be opiate for the
masses, like usually love stories and shit, you know, promoting like positive religiosity, positive
family, whatever. And that's the end of it. Because because like, anything more than that
would be kind of a rebuke against governments and stuff, right? It's like a George Orwell type of
thing. So I think like, that's why like, if you have countries that are less free,
you simply are going to fall economically behind. I don't care if it's Iran or anybody else.
Anywhere where you try to suppress free thought, you're going to automatically have less innovation
because the public is too worried about what the government is going to think or say about them,
and is going to silence them in some form or fashion. I think it's true in China, Iran,
places like that. They've they've not done themselves a disservice. In fact, they just
don't understand why America became as big as it is. The reason why America is big as it is,
is of course, a mixture of like, a couple of oceans, great land, plenty of resources,
and lots of people. But in particular, the acceleration, if you just meet people in America
on a regular basis, and you see what they're doing, a lot of it's because people leave you
the fuck alone to do whatever the hell you want to do for the most part, for the most part,
technical innovation, whatever. And that is what makes the United States like continue to progress.
And by the way, if anyone's wondering, like, I say this on space a lot, anyone's wondering if
like America is doing great things, I got news for you. There's like dozens of gigantic technologies
coming out of the United States right now. They're going to fucking blow your mind over the next 20
years in medicine, robotics, in genetics, and like advanced materials, like endless amounts
of shit's coming out that like, it's going to be very hard to compete against all those innovations
at any point in the near future. You think we're close to a cancer vaccine or any types of stuff
like that? Oh, yes. Absolutely. Things like that are happening as we speak. Yes. I mean, not cancer
vaccines. I mean cures for cancer, I should say. Yes. Yes. In fact, I told the story of my father's
leukemia that was basically cured with an immunologic agent that wasn't around 10 years ago. So yes,
all of that is happening as we speak, cystic fibrosis, dramatic change in outcomes there.
It's not just cancers. There's lots of different things, adenocarcinomas,
traumatic increase in lifespan with those. And so every mechanism you can imagine that can be
biologically manipulated is being looked at to treat lots of stuff. So yeah, we're seeing
dramatic amounts of innovation, which by the way, is going to end up helping people all over the
planet. Because once you invent these things, it helps everybody. You see as a doctor an
uptaking cancer, people coming in like having more cancer nowadays, less cancer. Is it more
in young people? Has it been the same? When it comes to cancer,
like, I don't have like, there's some demographic things that happen in America. One is the number
of people dying of heart attacks, and the number of hospital admissions for that gone down because
of a mixture of medications, and stents and all sorts of different things. So one part of this
is hard to sort of see as an individual doctor because the number of cancers are going to go up
because you survived to get them. You follow what I'm saying here? Like, if you don't die of this,
this, this, and this, cancer kills everybody eventually. If you live long enough, you're
fucked. That's how life is. So once you get to a certain age, it's like hip fractures, falls,
dementias, cancers, become very, very robust if people live long enough. Now, is there a big
uptake in cancers? It wouldn't shock me if there was, because like the number of fucking chemicals
we put into the environment and like, what do we not eat that doesn't come in plastic or some shit,
probably, like, like, it wouldn't shock me at all if we had more cancers. On the in the aggregate,
though, we don't normally work like the biggest thing afflicting human beings is not cancers.
Generally, it's public health. So if you're in Africa, and you're dying of, you know, food
poisoning, water poisoning, or you'd like whatever bacterial illnesses, diarrhea, malaria, like the
modern world has made people live a lot longer and live toward at least their most productive
lives. Does that mean some people get cancers because of various chemicals and asbestos or
whatever? Sure, it's going to happen. But if you take the overall aggregate, would I rather live in
the world we live now or the world of 200 years ago, clearly now? Like, I've seen some random
Twitter comments about, oh, there's something uptick of cancers. And, you know, there's like
this increased number of them. I'm not so sure about that. Exactly. We do have a lot of interesting
new testing. Now, we have stool testing for cancers, we have like, so we have a lot more
detection techniques for bacteria and things like that, and PCR studies. And so definitely
things have changed over the last 10 years in terms of detection capabilities. So is it possible
that we're detecting all sorts of cancers in people were doing screening lung?
Well, you just gave me a huge business idea, a toilet where you take a shit and it automatically
analyzes you, right? Yeah. So, but yeah, like, there's, there's all sorts of techniques. So
when you ask like the question, are we just simply detecting more cancers? Are there actually
more cancers? I'm not sure about the answer to that one, because a lot of people historically
have just simply dropped dead. Like we see people die all the time. I work in ICU. And so you see
people that have all sorts of random things all the time. And I'm not sure if some of those
patients have cancer or not, right? Because immune system deteriorates when you have cancer,
you may not even detect the cancer, but they're deteriorating for some random cause fail. We used
to call it failure to thrive, you know, how many people used to die of failure to thrive. And now
we just actually diagnosed those cancers. I don't know. So when I see these things on the internet,
if people talk about these things, we have to wait for decades for epidemiologic data to come out
to clarify whether those comments are true or not. So it's not as easy as just looking up on
the internet and go, Oh, we're all dying of random new cancers now. You know, it's actually not that
straightforward. What do you think of parasites though? I mean, a couple of weeks ago, I read this
article about how, you know, there is like, I think like 0.3% of Japanese or maybe it was a bit more
have parasites in their brains because of the raw fish they eat the whole time.
I'm generally wondering, I mean, like, I think malaria is like a single cell parasite, if I'm
not wrong. And then you've got like that other one that you get through like these water snails,
which is kind of like goes into your body and then it lays eggs in your body. The problem is
not really the parasite, but the eggs themselves that kind of give you all sorts of crazy diseases.
So I'm wondering, is that stuff like talking about the world? Why are you talking about the US?
Yeah, we're talking. I mean, I assume in Africa, it's basically, it's always been shit. And it's
still shit. And I'm not really, you know, I don't want to limit this to like malaria and that other
thing. I want to kind of understand the general state of like parasitic. I don't have deep
expertise in this at all. Like, that's very superficial at best. But like, is there a
dramatic shift in parasite related diseases in America? I don't think so. At least nothing that
I've been made aware of. And usually we'd hear about these things if there's some big gigantic
thing happening. So I'm not sure. You know, we have different levels of tuberculosis from time
to time. We have different types of like, but usually worms and things of this nature. We don't
have a whole lot of that in the US. It's like you have a lot more parasitic things in Middle East,
in India, in Africa. It's more tropical climates, quite frankly, where you get a lot more of the
parasite problems. There, of course, like some parasites, some parasites related to cats like
Toxoplasma, that, you know, I don't, you know, I don't have any cats in my house. But if you have
a cat, that's one of the problems you could wind up having. That's a brain disease for human beings.
Cysticerosis can happen if you have a cat, of course. So if you're a cat person, I guess,
watch out for that, I suppose. Dog, dog lovers don't have this problem. Yeah, there's different,
but I don't think I don't know of any kind of major change in that area. And if there was,
I'd be the last one to probably know about it. Honestly, I don't keep up with that kind of
literature at all, as far as parasites and things. These are more like people at the scene.
What do you like specialize in, by the way, like you said during COVID, is it like, are you like
focused on lungs? Or what is your key focus? Yeah, it's it's pulmonary and critical care.
So it's a mixture of lungs and intensive care things. So, and the reason why those two profession
those two things come together is because many people in ICUs require ventilators. And many
people in ICUs have are there for lung disease. That's why the profession, it's like a dual
profession type of thing. There are people that do just critical care or just pulmonary.
But most people do both that are in that particular field. Yeah, Morty, you're saying something.
I'm sorry, I don't mean to kill the professional talk, but Ethereum is at 3000.
There you go. That's why everything's sort of pumping. Like, yeah, like links up like 1860
again, Zephyr 22, Kajira 4. Yeah, all these things are sort of slow to climbing again. I figured
this would happen. Because like we had a pullback in a lot of different things, like maybe at 10,
15%. And so long as BTC stays flat, altcoins will start to run usually. So, and it's because like
people look at the ROI, they say, hey, look, if BTC goes from 50k to like 69k, I'm not getting
rich off of that. But if BTC does go from 50k to, you know, 69k, my chain link is going to go to 50
bucks, right like that. So they see a 3x there where they only see like a 20% gain in Bitcoin
or whatever. So this is why this is why they also start to run at this point at this stage in the
cycle. Like BTC the right time to buy that was at the very, very bottom. And now the alts have
a better ROI essentially. In fact, the alts have had an ROI better even since the Bitcoin bottom,
quite frankly, but you had the time to like, buy Bitcoin at the bottom and cycle out of it after
2x and then jump into alts. That was kind of the play. That's what I did. Anyway, so right now I'm
looking at Ethereum to stabilize, I want BTC to stabilize and just have ultra fun.
You folks are like the first proper or you at least are like the first very intellectual
crypto person I meet in Twitter spaces. I have to say it's really been a pleasure. I think it's
been a couple of hours since I've been here as well. And I've really enjoyed every minute of it.
Thank you. And I think my space has brought because I don't hear anything. So whatever you're
saying, or you just said, didn't hear that. So I'm gonna just leave and come back out.
Or no, leave and come back in.
I think he just has his mic on. I don't think he's actually talking.
Did I run? Seth, are you talking? Give a thumbs up if you can hear me.
No, I can hear you. I don't think he's talking enough.
It's that he's having connection issues.
So we all just chilling in here in silence. Great.
Yep. While Ethereum starts pumping. Feels good.
So if he's the only genius one who can only talk that can carry the conversation.
I'm eating. I'm not like Cephi where he just eats and talks. I can't do that shit.