Music Thank you. so that was just for you animal well down-home canadian rock and roll dude how's it going
what was that rush rush yeah, yeah, yeah, yeah.
You know, man, when I was young, I could not,
there were some bands that I couldn't, I didn't like.
I was like, I couldn't stand up, but I didn't like them.
And Rush was one of them.
And as I've gotten older, you know, they're pretty great.
They got, I don't know, they got 10 songs that I really like,
but I haven't dug into them.
Underappreciated, I think.
I'm sorry, I just switched mics.
I want to make sure you hear me.
Yeah, I don't hear any air conditioning or anything.
Man, I was on Joel's 200th episode.
Oh, yeah? Halfway through, I realized I was on joel's uh 200th episode oh yeah halfway through halfway through i realized i was using my my laptops integrated mics instead of my my podcaster yeah like i had the i had the
mic right in my face and yeah it was just uh were you using uh populist account? No, no.
He streamed it, so I connect.
He had a video conference he had.
There was a Bitcoin cacher, Jeremy or something.
I met him. He was a super nice guy.
Very, very well versed in the Bitcoin history.
Yeah, it was a good show.
It went on for like two and a half hours.
Two and a half episodes for a while. Well, you know, I know that they talked about what I might kind of want to talk about.
There's a long thread today.
I think it was Justin Bonds. Is that his name?
I know he's like a BSV guy or something.
Or something. I don't know.
But, you know, about proof of work and, like, some of the drawbacks, I guess, or the potential issues that this whole Monero thing kind of brings to the forefront.
And I don't think that, like, it's a some kind of continuous threat.
Like, can someone attack every blockchain?
Yeah, if your pockets are deep enough enough you can probably incapacitate it for
a while but that's why we have a number of them instead of just one and uh yeah i don't see it as
like a never-ending threat because then people just move on to another coin or they'll fork it
or whatever right just a whole bunch of fun uh They said they were going to target Dogecoin.
Initially, that's what their Discord channel voted on.
But he has since said that, no, no, we're not going to attack it.
We're just going to mine it.
They're going to offer incentives for people to mine the Dogecoin and Lightpoint, I guess.
Well, that's what they did with Arrow, though, too.
I think they did it passively without any declared negative intent.
And then once their hash rate got up enough, maybe naturally, then that's when they kind of maybe turbocharged it a bit.
I mean, any pool can do this.
But I think there's a stark difference besides, like,
the mining algorithm between Monero and Leichmann, right?
Monero miners didn't make a ton of profit like if any right um throughout this whole debacle i i was looking to buy myself a new
computer and i was looking at these amd processors um and there's one the the nine uh nine thousand nine hundred ninety nine nine nine five it's about 700 bucks
700 bucks us okay okay so you get the 700 chip and doing some quick math with the calculator
those mining calculators it showed me that it would take roughly 2 000 days to roi
just on the processor right so then they need to buy you know a power supply a motherboard
ran fans a case all this other stuff right um and so like mineral miners just aren't like you know
when you compare it to a light coin minor even even a Bitcoin miner, a Litecoin miner, I'm not sure what the stats are today.
Well, but here's what I think I want to make sure we're not losing the plot here, because what they do.
Okay, if I'm a mining pool and I earn whatever, I'm winning a block an hour.
I'm getting, block an hour.
I'm getting, what are we at now?
Six and a quarter? I've actually lost track. Six and a quarter?
Are we down to six and a quarter?
$700 every two and a half minutes.
Okay, let's say I'm only winning
Yeah, anybody. I'm an at-home miner. I got my ASIC, and I'm only winning one block an hour. Okay. Talking about Lightpoint? Yeah, anybody. And so I'm an at-home miner.
I got my ASIC and I'm pointed
to Litecoin pool or Binance
And I'm making a dollar a day.
we'll pay you two dollars a day.
And so suddenly my hash rate is pointed at their pool
and so now i'm making two dollars a good for me or maybe it's got to be three or maybe it's got
to be five whatever it is to incentivize these people to say well shit i paid you know because
light coin miners aren't cheap either and if i had a bunch of them i'm just playing the
incentivization game right eventually
okay well look check it out okay uh one of those monero cpus that consumer grade i'm not talking
about the thread ripper server grade stuff right uh that data centers that are about that you know
cloud compute data centers like aws azure mic, Microsoft Azure, you're making
about 30 cents a day in profit on a computer mining Monero.
With an L nine, making $20 US a day. Wow. Right. So like,
yeah, like if you paid a dollar to a Monero miner, they're
quadrupling their profit where where with a dollar for a Litecoin miner, it's only a 5% increase.
So how much money do they have?
How much is their market capital?
Is the math mapping out correctly?
I think it's going to be a little bit more of a challenge.
I also think you have big players that understand this is just kind of like a fly by night operation and they're not going to play games.
So I do think that helps.
But it does, you know, like if you let's say let's say hypothetically.
Litecoin miners, we didn't have Dogecoin bringing in profit and they weren't making much money.
and they weren't making much money.
They would be susceptible to this same play,
just like Bitcoin miners will eventually be susceptible
to doing things like creating a corporation
so they can borrow money,
make deals with governments to get cheap electricity rates.
They sacrificed the principles of this decentralization in exchange for like favoritism to make it profitable.
And then they put themselves in a position that they can't compete without having this centralized arm to them.
So the same thing can happen where, you know, let's say the U.S. government says, you know what, we're good with you mining in the United States, but you have to mine, you have to use our mining pool.
Right. You have to show proof of mining pool.
And then they decide what gets put into blocks and what doesn't.
That that doesn't sound so crazy.
Maybe you get, you know, you're going to pay, if you don't, you're going to pay a harsh penalty.
You're going to go to jail or you're going to pay taxes or you get a tax break if you mine with our
pool. So, I mean, it's showing the, the game plan for kind of undermining the idea of the
I do think it demonstrates that.
And it does bring up a good question.
I'm open to proof of stake.
And I know people hate me in this.
I'm not saying completely.
I'm saying maybe long into the future.
But this thread, let me share the thread I read.
I know I'm like sacrilegious. Everybody's like, oh, he's an idiot.
But I'm just, I would need to understand why I'm so far out of bounds.
This guy wrote a very long thread. So if you didn't see it, then it's probably.
Well, I thought so. Where the heck did my bookmarks go?
Well, hang on a minute. Maybe I saved it on a different account,
which I can't change now. Hold on. He's got a, it's Justin Bonds, who I know is kind of like
a B-O-N-S. I would say he's, I don't know. He likes to stir the pot. Might be the best way to put it so i'm putting it up in the nest
but essentially he kind of goes through like what are some of the things that can happen to proof
work you know even the amount of money and we've talked about this how much money is securing the
network versus the value of the network i think he points out Bitcoin's security budget is like
it starts becoming a bigger honeypot
especially if you want to do
How much could you make shorting Bitcoin
I don't know, mine empty blocks.
I think it's hard on the bigger networks, but maybe is it impossible?
Look, they're going to give a shot, it seems like with Dogecoin,
I'm fairly confident that they're going to see that's harder than they thought.
And if anything, it's going to just give us a lot of publicity.
And they go back home with their tails between the legs.
So, yeah, I say bring it on.
I'm fucking bullish on this.
No, it'll probably be a good thing ultimately.
Because it might if we just...
Yeah, you just got to rub that.
I don't know if I'm the other one in Canada.
Look, this Justin Bonds guy, he's saying a whole bunch of stuff.
They, on the other side, Fluffy fluffy pony posted a sort of a solution um and it's called detective mining i'll just read out the first little paragraph here but uh so he says we should
encourage fools to adopt the detective mining strategy from lee and kim which leverages information pools already which leverages
information pools already leak in their job messages to collapse a selfish miners private
crucially this is a this is deployable at the pool or stratum proxy level with no consensus
protocol change so they've already got a solution where they're going to be, I guess,
scraping metadata from the pool to determine if they're, you know, selfish mining. And
yeah, because I had spoken to Joel about this, like, kind of just like, okay, so two solutions,
one obviously merge mine with Litecoin,
because I think that'd be awesome. Second one, why don't they just block them,
like block their IP or block something?
And so this is like the block something
vector that they're, or solution that they're going for.
Using what, I'm not sure,
there's a whole GitHub post over here,
issue that he, It's issue 140.
And yeah, I guess they're just going to be collecting a whole bunch more telemetry from the mining pools and using that to fingerprint the selfish miners, which seems like a pretty um sound solution and like he was
saying no need to fork uh no need to do anything special and it really it puts up you know a stick
in these guys wheels um see i was the same we're going to add some kind of a a lightweight sensor client that subscribes
to the competing pools job streams uh capture the current pre pre-pash the job ids then they're
can continuously compare and observe the pre-ash with your nose public tip and if it
diverges more than two seconds of flag uh
no if it diverges more than t seconds flag a likely private branch so
yeah they've got these guys are smart and uh they've got figured. As much as I would love to see them merge mine with Litecoin, I think it's probably
the best that they stay on their side of the street, so to speak.
It's good to have things, it's good to have multiple camps, right?
And especially when it comes to privacy and stuff. If every private, if every worthwhile private cryptocurrency
was all being mined with S-crypt miners,
it'd be like a single point of it's like, you know,
a single honeypot for government agencies to attack.
And yeah, we don't want that.
I don't know what's going to do.
Hold on, let me just confirm.
um what was i gonna say yeah so what is it there's this uh this third treasury company
i don't want to mess with the name but uh they're owned by the Trump family.
a like point. Yeah, what is it?
Yeah, yeah. Okay, can you hear me now?
I don't know what keeps happening. When I leave the house,
it switches to the cell network or something.
I never had that problem in the past.
Did you hear what I had to say
earlier? Yeah, I was listening to you.
What I was trying to say earlier yeah yeah i was listening to you okay okay i was trying to say
wait wait anything what i was trying to say is like nothing that i've seen seems like it's
sustainable long term i mean it could be damaging to a reputation you know but like yeah it doesn't
doesn't strike me as anything that's a problem. It does make me think fees are going to be important.
I still think we need to figure out the fee issue,
which goes back to the idea of what Doge does,
has never-ending block rewards, right?
There's more than one way to skin this cat, that's for sure.
And I'm not concerned at all
I think the important thing to me is that there's always trade-offs
people they look at like what
Satoshi created and they're like okay
I can't stray from that at all I mean we've strayed
from that a number of times since he created it
just little trade-offs and like
make a trade-off that BTC people didn't like, right? So there's always going to be trade-offs.
And so I think every chain is going to kind of do their own thing. And that's a good thing,
you know? And it's not the end of the world if somebody does something dramatic, because you
can always fork back or whatever.
And you can make small changes like these guys are going to implement detective mining.
You say it's called detective mining?
Yeah, they're going to be looking at
whatever blocks or whatever
and determine if they're the good guys or the bad guys or whatever selfish mining.
Well, who's determining that, though?
It'll be the miners, the other pools.
It'll be like the software or something?
Yeah, there's so, okay, instrumentation and detection.
Add a lightweight sensor client that subscribes competing pools job stream.
So if you're a pool, you would have this thing
and the sensor that you would add
the minority versus the other pools.
every pool would have one.
Right. So if you're one pool, even if you're
51% and all the other pools
are disagreeing with you,
that red flags your account of makes it where you can't mine blocks.
If you're out of sync with the rest of the miners.
If you're out of sync with the rest of the miners.
With the rest of the pools, I should say.
Okay. This sensor is going to capture something called PrevHash and Java.
And it's going to continually compare and observe PrevHash with your nose public tip.
And if it diverges more than two seconds, it'll flag it as a private branch.
I don't know what the fuck that means.
You're like, it's cool as fuck.
Let me just continue reading this out
so that we have all the information.
Step two, counter template construction.
okay, because they're like
really concise with their wording.
And so like, it's not very global.
So I have to like, I had four.
When a leak is detected, construct the valid block template
whose parent equals the leaked prep action.
Keep the template minimal if needed.
For block coin style stacks, this means a legal header,
Coinbase, a conservative transaction set step three
hash allocation and switching immediately redirect a configurable fraction of your pool's hash rate
to the counter templates even if it means that the entire pool's hash rate uses this new template
revert to public tip templates when competitors jobs when the competitors jobs return
public parent um it's too confusing for us yeah so hold on this is one more step
on a find broadcast your child block me the selfish pool must then publish its
private parent to avoid losing it collapsing the lead so okay I guess if
there's if there's a pool that's on a lead that's going on a lead it's gonna
like figure it out magically detective mining to purely custody attackers
privately by forcing reveals whenever the
attacker tries to extend a hidden branch okay so the attacker right will have multiple branches
or like yeah a hidden branch that's got a lead and like it's supposed to know based on when this
branch when these blocks in this branch were mined,
if they line up with the current time frame.
So if there's a lag that tells them that they're trying to have,
they're trying to do something that's not in line with the main chain,
So it's like a flag, like, okay, something's wrong here.
Yeah. Yeah. If they're mining quickly and then like, I guess, uh,
I don't know, it seemed like a whole bunch of blocks at once. Um,
then yeah, the other, the other pools will be like, no, that's not right.
That's not correct. I mean, as long as it's accurate, you know,
as long as it's accurate and As long as it's accurate.
And it's just kind of transmitted in a way that
or making a judgment call on.
that sounds like a pretty good method.
Then people just choose not to use that mining pool.
no those blocks get ignored all right that's a little goofy but okay yeah i guess um
this there's a whole bunch of
well anyway let's talk about i do want to talk about thumbs up media though
well anyway let's talk about i do want to talk about thumbs up media though
yeah dude that's that's very interesting i mean i felt like they came out and talked a lot about
dogecoin and then people were reminding them oh hey it's also litecoin and so the next day they
were like they were like oh okay of course i mean maybe they're just less excited. Maybe they're going to be selling to like, who knows.
Well, I think that's what's been happening for the last seven years.
I'm not sure which pools, but some pools are selling to like them.
Yeah, whatever happened to that mining?
The, uh... Remember the mining
balance was, like, crashing?
So they must have been selling off
Yeah, hold on, let me, uh...
I know. I was just throwing away some old boxes.
I'm burning them in my fire out here.
And there's a newspaper in here.
Huh? You want to hear anything interesting? 1986. That see well this was uh i don't know what newspaper this is
the tribune might be the cleveland
tribune so excuse me light coin miner reserves um are up a little bit it seems um
they hit a low uh in 2024 of 1.6 million and they're currently sitting at 2.5 million
and they're currently sitting at 2.5 million so they're up from last year um dogecoin reserves are
about they're about the same eight point they're currently at 8.1 billion they had a peak of 9
billion um no hold on hold on sorry That graph stopped graphing in November.
The other one I have is Bitcoin.
Bitcoin mining reserves are low.
In July, they were, let's say June, they're up 1.69 million. So they're down.
Do with that information.
Although, maybe not for the price,
but it means that miners are keeping their Litecoin,
which means that they expect it to be cheap.
I'm reading this newspaper.
I'm listening, but I'm not listening.
How much do you think a 26-inch stereo color TV cost in 1986.
It comes with cable-ready channels, a tuner, stereo, and built-in amplifier.
Now, that's one thing we can cheer.
TVs have gotten insanely cheap.
It's about the only thing.
It is about the only thing that's gotten cheap.
I don't know if you remember last year I was working on my house.
I was doing, like, the soffit and the fascia.
And I did pretty much the whole house except for the gable ends,
which are, like, the peaks, you know?
Because I was not wanting to get up on a tall ladder if I didn't have to.
And I was getting lazy, I think.
And so it's been there for a while.
And someone came over yesterday to do like just walking through the neighborhood.
And my wife let them do walk around the house,
take pictures of what needed to be fixed kind of thing.
And I was like, all right, you know, I'll let them do a,
whatever, give me a right, you know, I'll let him do a, a,
he came out today to do the quote.
It would probably cost me in materials.
And they, the bill, the quote was $6,500.
I was like 6,500 fucking dollars.
Like I would only, I thought it was gonna be 25 was the most I was thinking.
I was just, it's shit's getting so out of control.
That's all I'm going to say.
Every day I hear the new thing where I'm like, what the, all labor.
I could do it by myself. Give me like two weekends.
I could work 20 hours by myself, not having any special equipment.
I'm not a pro at it. You know, I got to kind of figure it out as I go.
20 hours, 600, $6,000. I don't make $6,000 in 20 hours.
$100 an hour, two guys for, let's say, 16 hours, meaning two guys for eight hours.
That's both guys making $100 an hour.
Is that to change the siding of your house?
No, they just got to wrap it in aluminum, basically.
Yeah, someday you'll want to home.
You know what I'm talking about.
I mean, aluminum's got caught.
This is like, I'll go get it done.
I'm just going to go buy a better ladder so I don't fall.
It's just how it is, man.
Everything's like that now, you know?
If you said know how to fix that
yourself. There was just a thread this guy
Did you ever use Evernote?
I used to. Yeah, so did I. i used to yeah yeah so did i i used to
really like that app actually um i think i must have put all my bookmarks with my other account
anyway so he made this thread about he was on something like uh evernote business or something
and they they got rid of his price level so there was like beginner which is 10 bucks a month he was
on business at 60 a month and they created a new one that was enterprise the enterprise level and
his his monthly bill went to like 1300 a month and they sent him one email to let him know this
change had happened but he didn't see it and so he like was checking his account he's like what
the hell you know and he calls him up like yeah well since that level disappeared they just bumped him
up automatically he didn't have to like he didn't sign up for it or anything you know it's not like
he even had which is which is kind of crazy that they do that in general you think rule of thumb
should be you can't give someone a service without consent right or charge certainly charge them or
change their charge yeah um dude this week i had a similar issue not to unless you have more to say
but no no i just it just goes to the things that i think you know i can't blame businesses for
getting away with shit sometimes but sometimes you're just like jeez like they just give zero
fucks they're just maxing out like they're thinking with him as he's paying 60 if we get
him for 1300 for one month that's the same as getting him for whatever 20 months then the other
way well if you had a team like you had a business you had a team of like 20 people with sales seats and shit or whatever it is, you know, they charge per seat.
So you kind of can understand that if you had a business.
But the fact they didn't even like get any acknowledgement from him in order to do that is that's the crazy part to me.
Yeah, that's like you should get a refund.
He probably did get a refund.
Yeah. get everything uh yes yeah no i my my insurance policy uh for my car went up like a hundred bucks
and uh yeah they sent me an email and all this stuff i got in the mail and i saw it and i was
like what the fuck so i immediately started shopping around and i found one that was like
and they were they did the same thing last year. It went up 70 bucks last year. I didn't even really realize it.
I looked at my statements.
It was like, oh, that's a lot.
I thought it was because I put my girlfriend on the car and she had like an accident prior.
My car is one of those cars that it's high risk for theft.
So it's like premium there.
But anyways, so I tried calling the insurance company because I found another insurance company.
I called my own insurance company trying to cancel the dude.
They wouldn't even fucking answer the phone.
For three days, for like Wednesday, Thursdayursday friday and then like monday and finally
like yesterday i got them to do it um but it was like back and forth back and forth i called like
because they were broker right so i called the parent company it was walrus and uh i called them
like yo can you do something like i want to cast my policy but it's a problem like yeah i have to
do it through the broker.
I'm like, okay, so I had a Lisa rep call the broker.
And, like, even she's like, yeah, they're strange.
And, I mean, this is what they do, I guess.
They just scream people, their clients call, so they can't cancel.
That's what it feels like sometimes, right? Like, they're just, they give you the runaround.
You give those customer service people, you're like, I just want to cancel.
They're like, well, what about, I just want to cancel.
I just don't say anything else.
I was on hold, like in total, probably like six hours or so.
But like on Tuesday, I was on hold for three hours.
Like it was bad. And the woman just kept
sighing the whole time. She's like,
She was such a cheap bastard.
it'd be funny if they just had,
if it's a guy, there's a girl on there, like,
oh, that's too bad. Can't
she not afford it? Or what's going on?
Like, get you to, like, challenge your man it's like a 200 a month um it's fucking wild all right well hey so
let's talk about let's talk about uh thumbs up media so i was looking them up as a business
actually and they're like a they uh i guess get
your basically their job is to get your name out in the public right it's uh it's a marketing
assistance type of thing um making sure your company gets exposure so at least there's a
business underneath it not just acquiring crypto like they have a functioning profitable business
like they have a functioning profitable business
yeah they're acquiring doge hash right
and they're going to be rebranding
to doge hash technologies
and they're going to change their ticker to XDOG, right?
Oh, so Thumbs Up is going to change their ticker?
Under the terms of the agreement,
Doge Hash shareholders will exchange 100% of their holdings
for 30 million shares of thumbs up stock
the company will be renamed doge hash technology holdings so hold on a second
all right so just check this out that stock i looked at up it's worth five dollars
so when those guys get 30 million shares, they're getting $150 million?
Well, I think it also said they had some stuff in DeFi and there's some real estate, that type of stuff.
So they're also involved with the Doge OS somehow.
the combined company aims to become the world's leading
Dogecoin mining platform.
And it will leverage Dogecoin layer two infrastructure
via staking in DeFi products within the DogeOS ecosystem
to enhance miner economics and amplify yield beyond base block points.
So they'll maybe have a mining pool that pays out better.
Just like we talked about, right?
Just like strategy, you know.
Yes, that was the other news this week.
Everyone was mad at Michael Saylor because he just walked back something.
He put some sort of announcement out two weeks ago and then broke his promise or something.
You know what I'm talking about? No, what did he do? broke his promise or something you don't talk about nobody do when the the net the
nav what is that the net asset value when there's a premium to nav that's
like right now I think it's two and a half, something like that. So if the premium of the stock versus the value of the Bitcoin is two and a half times, he is allowed to issue more stock.
That's part of the shareholder agreement that was in place, whatever, two weeks ago.
I guess he had like a conference and went over it.
even with that premium below
he still was issuing more shares of stock
when he wasn't supposed to.
And he came out and said something like,
you know, we're basically break the rule.
I'll be a hater for Michael Saylor forever.
I don't, nothing about what they're doing is sustainable to me.
And I think he's getting, I just feel like it's just setting up for disaster.
He's been, he's proven me wrong for five years now.
I'm holding on to my grave.
I'm not getting rhythm yet.
I'm not getting rhythm yet.
I'll let you guys know when I do.
It's fine. They're fine. they're not doing super good today they're down quite a bit since uh
it's gonna go back up I understand I understand but I uh yeah i'm just gonna
i don't think i should you don't think you should what sell them yeah
well you do i mean you do whatever you want i'm just not a believer
and i i mean i think when his thing falls apart it hurts a lot of crypto for a while you know
I think when his thing falls apart,
it hurts a lot of crypto for a while.
What's interesting is that the Trump family
is now getting behind Doge and Michael specifically.
Yeah, I do agree with that.
I think it's sad that we live in a world
where political money runs everything,
but that's the reality, right?
Not buying Bitcoin, thanks.
They also announced this week that they're not going to have
The government's not buying Bitcoin.
You think they're just gaming alt-season?
I think they know that Litecoin
They don't want to say it out loud because they're going to lose so much popularity.
You're starting to sound like that guy who just got his account back.
A shame. Yeah. Yeah, I don't know.
I mean, it's starting to sound conspiratorial.
Yeah, I mean, if they take over mining
I will say, I think there's been more Litecoin news,
Than... Any time except for, like, 2017. Since the summit. Definitely. Then.
Anytime except for like 2017.
I would say there's been more.
Positive things happening.
Even since the Litecoin account started posting.
Then the entire like. Seven year stretch in between 2017 and 2024.
And it's happening at a time when there isn't much news about anything else.
Well, yeah, and you've got ETF on the horizon.
Hypothetically, if the four-year cycle holds to any structure,
you're getting to that time of year
and you can feel them yourselves
through the ups and downs, you know?
Do you think you're going to have an uptober?
I'm thinking what? October? Do you think you're going to have an October? I'm thinking what?
Do you think we're going to have an October?
This is when the ETF's deadline is set, right?
So it's just funny because it always happens, even you and your own emotions and your own mind.
Like, right now you have a certain mindset and it can change a dime, you know, just with certain things happening, certain sequence of events.
It's just interesting to watch from the outside.
And when things go down a little bit, everybody's a doomsday or when things go up, everyone's
like, here we go back to our, you know, up to all time highs next week.
I mean, I think I do think the ETF is a.
If let's say there is a run up before the ETF is a, oh man, if, if like, let's say there is a run-up before the ETF, I would feel like it would be smart to let go of some stuff because if you're playing this market, right?
Cause it's probably, it could be a sell the news event too, right? Everybody's been piling into
LTCN price goes from what's it now, right?
There's a lot of weight behind that.
There's a lot of coins people can suddenly let go of with volume,
It's just one of those things.
It's always like I would like to temper my excitement.
Everything's lining up. I don't like trading just because i i'm so biased like such a class you know uh yep i just i don't understand why people would want to sell this
shit because i just keep buying i would say i'll just keep buying um but um it's just numbers on a screen to them you know
who knows maybe with the let's say like etfs maybe with the war in ukraine coming to an end
hopefully finally knock on wood like things have been positive this week
uh maybe we'll see that finally the promise of the Golden Age, you know?
I mean, what's the rest of the economy going?
It's struggling, man. The economy's struggling.
AI's making people with...
You know, that's the thing with AI.
If what you brought value to a company was your intelligence all that stuff suddenly
like you have no more about your intelligence isn't as valuable as it was
again I don't think of as intelligence I think of it is quick a quick retrieval of information.
Yeah, but it can't be faster.
Yeah, but they don't have any
Yeah, thoughts are, no one wants you to think.
Yeah, that's true. Like, having a
intuition or connecting pieces of two random things together just based on experience. Yeah, I mean, you might be right. There might be a lot of things that'll that'll automate. What it really will do is make individuals way more capable.
really will do is make individuals way more capable. So like, let's say before you ran,
I don't know, you run a warehouse and you know, you're responsible for inventory locations or
maybe in scheduling and this type of stuff. And you now can become way more capable of handling
way more things because the information is at your fingertips
all the time. There's something you can ask verbally and you can get, I mean, think how
much work you could get done. If, if you didn't have to like always think, all right, I got to
type out this email or I got to send this this way or I got to go find this file and do this,
like something that can intuitively help you
would speed you up so much and so maybe that's the in the short term it'll just make some people
super powerful basically yeah for sure we easily have two guys I've said this before and I think
where people's value is going to come from in the future will be from
manage emotional situations
I think there's going to be great value
bringing positivity to the workplace because nobody because it's the thing nobody wants
to work with a downer that's a problem that we have in some companies we all have like
these brilliant engineers they're just total drags
it's not just yeah it's not to say that like all brilliant engineers are like that but
like engineers, if you're a talented one, if you're like 20% or whatever, doing 80%
of the work, pretty much you're untouchable.
You can tell whoever you want to screw off and they can't touch you.
Right. But these people will be less
And so maybe they'll have to learn manners.
the vibe in the workplace will
humility in the world, huh?
Pardon me? We need a little
humility in the world. Is that what you're saying?
AI will bring on the age of humility perhaps yeah maybe yeah wait uh
first name i'd be kind of curious if you want to come up because i know you're i would like to have
the conversation about proof of work and proof of stake because I'm becoming more of the mindset
that proof of stake long-term isn't a dead end. And I don't know if I understand what the
failings of proof of stake are long-term when we don't have any block rewards or very little
I know you're a passionate proof of worker. Hold on.
All right. Don't, but don't bite my head.
I'm not a convert. I'm just asking the questions.
I need you to repeat. I just heard my name. I was watching,
I know you're, I know you're kind of seeing your posts like you know proof of work or nothing right what i'm saying is that i understand proof of work for the distribution method um meaning it's a fair way that people prove they support the chain to
acquire coins it's a great distribution method but and it's also a great like people are invested
you have invested players who have put money down and invested their time and energy into securing
this chain that's incentivized early on and they also go market for you great launch system once
you reach capacity i don't know that i understand what, why the, uh, mining is needed because I feel like
mining, the failing, the shortcoming of mining is the same shortcoming as proof of stake.
how so that uh both of them are susceptible to influence by money by being paid off by like
you know i guess proof of work is more susceptible to like physical attack meaning like literally
destroying mining equipment kind of thing and requiring physical space in order to be a player, like to own land and to have access to it.
Like that limits participation.
and the other thing is this miners,
the main chain respect the longest chain.
The reason they act in the best interest of the chain is because they are invested in it.
And it means something to them that the chain succeeds, at least in the short term while they're getting paid.
But proof of stake, it's the same thing.
So they're also interested in the
success of this chain. Like they're, they may be, they may even be, um, you know, long-term
more invested than someone who's just mining and making no money in mining.
I feel like when you get that point, you've, you've lost the value of the chain. It's in my opinion that the coins mined from these things
a new opportunity here where we actually have an asset that's backed by something again.
Where, you know, since 1972 we haven't had that with fiat.
We haven't had it backed by gold like it used to. But now we have
currencies that are fundamentally backed
by something again, and that's electricity.
The cost of that electricity
the time, sunk cost, investment
proof-of-work player and a proof of stake player
that's one route we could go we can go how it impacts the value of the chain over time
right and who is actually benefiting over time uh that's that's a big one for me. Yeah. And the people who are, you know, invested
in it have, do they have to maintain that attention and that cost, whether it be labor
of, of attention or labor of, you know, upgrading their machines, uh with time to stake, the answer is the worst end of all those.
Because as time goes on in a proof of stake system,
the dragons, I call them dragons,
the entities that hoard the most coins
yeah will continue to well and it will only ever be this this way will continue to get the more
most coins and then continue to have the most say and then those players ultimately
determine the value of the chain what what they do. They, they drive community. Right.
Um, and where do they, where, I guess the question with proof of stake is where do they derive their profit?
So do they derive it from transaction fees or they do derive it from, so that's where
I feel like everybody gets spun up into the game of cards, right?
Once you go proof of stake, you know, it goes from economics to tokenomics because you're
not backed by anything anymore.
So where are you getting this value?
Is you getting more coins considered more value if the value of that chain goes down?
Well, no, which makes you incentivized to keep the value of that chain goes down? Well, no.
Which makes you incentivized
to keep the value of the coin high.
Like, you want things to operate
as everyone expects them to operate.
You don't want to screw things up.
You're incentivized to toe the line.
Play by the rules, you know?
If the coin goes out of favor
people want to get rid of it, right?
But people don't have any sunk cost in doing so.
If you have to buy the coins,
they have to buy the coin up front.
But say that happened with bitcoin right
and all these people already made it do you think they care
they've got go billions right if that went to pos and and do you think that they're worried about
that state of it or are they going to try to sell it to you that's the fear that's
my fear because once once they're doing right now in bitcoin right once players get out of assets
narratives start to shift and you slowly see that you know the original people involved with
something are the people that stay involved with it so So yes, best case would be, yeah,
you want to see the chain get value, but you, what are you, POS has no value. There's nothing
backing it. Well, this brings up a whole nother conversation about back, a backing of something,
right? Cause the value of something is what the market says the value of it is.
What gives these things value
I'll give it to you, that statement's true in
Like actually comparing things with each other, but there is fundamental values, right? Work is a value.
Well, I know, but the thing that gives, the thing that gives Litecoin value is that you have no, you know, there are no masters. Anybody can use it. And, and that's why it's useful to people it doesn't has a whatever fixed supply
you know it never fails them they can use it anywhere in the world they can send it really
cheaply these are the things that make people excited about the value today and then like
what's the future value going to be so that's why they're buying it. What does the word fiat mean to you? Hold on, but proof of work.
Proof of work is the mechanism by which the chain is secured.
But it's not the thing, the energy itself, in a way, creates that security or that censorship resistance.
And I think what I'm saying is that there may be other ways
to get censorship resistance besides
the idea of this completely backwards.
of these coins is the energy
to pay them because if you just decide to launch
sad frog coin oh sorry did i cut you off you did you broke up a little bit sorry i didn't hear you
for a second there but go on i lost my thought wasn't to say, if you launched sad frog coin and mined it at your
house and you spent 50 bucks a month mining it, nobody cares. That doesn't give it value.
Just because I go dig a hole in the backyard, it doesn't create value because nobody cares
about the fucking hole except for me. So have to be able the value is the thing
that people desire that they want the reason they're buying it is because they see it as a
stateless money well that's where you just comparison of values because as the creator
of sad frog i have unit bias on on this so i would have i would think that this is the value i i have to spend that energy
i'm spending something but that's you choosing to do that well right just because other people like
market of that asset doesn't doesn't say that it's valuable someone has to burn something to do that. So it's the difference between spinning up a new S-Crypt coin
and getting it to the 60,000th block
so that it can be auxiliary-powered and merge-mined with Litecoin.
That's a whole different process and a whole different love of the game
The thing is with energy now,
this is going to be the most valuable
Rob, it's your first name.
Oh yeah, you're already on the thing.
I can say it now. Rob, frog all associated lives in wherever. Um,
but it has, it doesn't have,
because something isn't a decentralized doesn't mean it can't have value either.
Like just because someone spins up an ERC 20,
if it does something useful for people, pay to use it you know so an erc20
token is almost like just a small business like oh it's like launching a website if that website
does something useful then people will pay you for it no i'm not saying that there's no place for POS. I'm saying there's no place for converting already, uh, already,
you know, acknowledged that were used for proof of work before stockpiling of ASICs.
If you, that is the value. If you, cause you can't just, you, you can't redo Litecoin. You
can't redo Bitcoin, right?
Because you can do that now, but there's whole stockpiles of ASICs for you to actually do things, to just spin up.
So it's a totally different nature right now.
So I'm not saying that there's no point for POS if that's the technology that you find value in what the sparked all of this is people are getting scared of this cubic attack on monero
and they decided that they're gonna target dogecoin and people's knee-jerk reaction was
we gotta turn dogecoin to proof of stake.
Maybe Cubic is backed by deeper
pockets than any of us have any idea.
Maybe they were testing the
waters. Maybe they'll convince
a technology that can break.
Like if you can break it, do it.
Because I want to know so that I can get the heck out of here.
Because if I, you know, I'm not partial to being wrong.
And the reason why I'm a light coiner is because I haven't been wrong, like shown I was wrong yet.
And if something defeats that, you know, my con – what's the word I'm looking for?
If someone can shake my conviction by breaking the thing that i i i you know think is so awesome then
you know who am i to to to to you know i know about that because that's kind of what i want
i'm in this because i think it's the greatest chain it's been up 100 of the time it assists
other chains in working it's a's a cooperative mining as opposed to competitive
mining. It doesn't eat the algorithm. It shares the algorithm. There's so many things that I love
about this. But yes, proof of stake is... I don't value proof of stake because I value
not fiat. And proof of stake is just fiat with more steps.
You're just putting your trust in some entity that created this asset that does some utility.
But at the end of the day, it's not actually backed by anything.
It's a token or a stock of some kind of effort.
Litecoin and Bitcoin and Dogecoin is not a stock of any individual entity. These
other coins would be that. Can I just say that the proof of work energy consumption thing,
ultimately, I feel is going to be positive. It's going to be a net for humanity. We're at a point
where we need to, you know, generate a bunch of energy for these LLMs.
That's only going to increase over time.
If proof of work coins help motivate governments and industry to come up with
creative ideas to generate more energy,
we'll be better off as a species forward.
So you think like these, like I have a huge data center going in near
me i think i told you guys that like 10 miles down the road for facebook meta how's your
electricity bill looking i don't know people have been i mean they're just they're just breaking
ground here soon so um but people have said it goes up but uh probably go down because they'll they it'll probably go down
yeah who knows we'll invest in solar or something yeah because anyway they put in the resources to
it to add more infrastructure like you know substations and things like that then residential
electric usually would go down because they're just trickling off of that. It's residential electricity is usually a byproduct or a second thought
when near, you know, big industrial electrical installations.
The best thing that these places can do when they have downtime,
because like if it's an AI data center you'll have downtime from like whatever midnight to 6 a.m right where you're going to be using less power that's when they
would want to mine because they have access to the power they have to generate power for
themselves you know and so yeah i think that's one of the things that makes the most sense is this flex power demand thing.
It does make proof of work.
It incentivizes securing the network to people that aren't even interested in the coin.
It kind of makes proof of work essential to what we're doing.
It's an essential thing to use the excess energy that's generated in the off hours of humanity. Well, everyone's asleep and not making food.
It's just wasted energy, right? And so in order to make it profitable for the energy companies, the energy's got to be used as a fault.
problem for the energy companies, the energy is going to be used
The more energy they sell, the happier they are, the more
energy they can do. So it's this perpetual cycle, positive
feedback, where they make money, they create more
infrastructure, LLMs get stronger, crypto mining gets
Crypto mining gets stronger.
Hold on a second. My co-host never...
I brought up your first name.
I just brought him up right now.
I roasted your co-hosts and your DMs.
Did you slide into my DMs?
Yo, say it to my face, you bastard.
Yo. Well, that was actually bad. That was actually good, but Oh, what's wrong with Animal's mic? Yo!
Well, that was actually good,
but before it was like he was
in a freaking frying pan in the other room.
I don't know what he's done, dude.
You guys want to hear a couple jokes?
Sure, let's. I love jokes.
Did you hear the one about
Hey kids, want to buy some candy?
Not to leave the Christians.
Not to leave the Christians.
There's these two priests driving down the road,
and they get pulled over.
He's like, hey, we're looking for a couple of pedophiles.
The priests look at each other exchange some words
I didn't hear the punchline
the priests look at themselves
and then turn to the cop and say
Those might have some jokes.
I did hear one of those funny.
It was like some dating show.
I don't know what it was.
It was almost like back in the day they did...
What was the mystery date one?
I'm talking about where they would ask questions. You can't see the other people on the other side and they answer the questions this girl said tell me a
joke or whatever the one i don't remember all of them the one guy goes i stole my ex-girlfriend's
wheelchair guess who came crawling back
that's a good one yeah all right jose you had your hand up Who came crawling back?
All right, Jose, you had your hand up.
Are you in a part of the world that it's morning?
No, no, I was just kidding.
But I was going to ask about the Cubit, I guess, organization.
They're not using any other weird or new tech, right? They're just offering more incentives to miners?
Yeah, from my understanding, yeah, that's what they do.
And they do it by selling off their coin.
Right. It just sounds like the Ethereum Solana
hellscape with insider cabal
profit margin is what I'm assuming
theoretical value of this much
what the ecosystem is but i'm assuming that there's some caveat to their tokenomics where
you know it's got to be held or frozen or staked or or or something of the such so that people feel
that they're getting a certain more value for their work when you know but then they stake it
and you can't get it out until that value actually drops down which is that's going to be my
assumption of what happens uh just because that's been the playbook for you know the past three four
years on on you know the nfts tokenomics hellscapes yeah i was wondering because of their name
so i was kind of curious to know if they're you know being backed by some sort of uh quantum tech
or anything like that because i know that you know microsoft is releasing like their
uh i don't know if they released it yet, but it's still in production maybe.
They're like a quantum chip.
And then there's other companies too that have something similar.
Yeah, no, it's nothing that sophisticated.
They're just basically driving people to mine on their pool.
Yeah, because Monero, man, if you've got like the top of the top of the
line amd cpu like a 700 cpu you're mining at 30 30 cents a day profit right which is uh
just crap and so if they're giving you a dollar instead you're gonna mine there for a dollar a
a dollar instead you're gonna mine there for a dollar and be able to pay off your cpu in a couple
of years you know um i don't know if the same thing is going to work with with light coin uh
s-crypt miners are making twenty dollars a day on on an l9 right like so what are they going to give
sixty dollars a day like i don't see it happening i don't think they have that much money
I don't see it happening. I don't think they have that much money.
they're S-Crypt miners, right?
They only go for the specific
algorithm. They don't do anything else else so for you to incentivize a whole
community to you know pretty much shit all over the algorithm i just don't see it happening
well no i think that's a good that's a good point that the people who bought litecoin machines
specifically bought them the asics to mine litecoin they're a
different crowd than than people who happen to have a uh computer that can mine monero who might
just not give a shit they might just have a gaming computer they're gamers and they got told they can
get paid a little bit to mine in their off time so they just do it and they have no loyalty or
right it's purely for profit that's it it's whatever you can make but you don't get that
with with asics you have you're stuck on that on that algorithm that's it yeah it's a different
crowd for sure so we got that going for us that's all we really need going for us
I just can't believe it's a topic
and I can't believe people are proposing POS
I haven't heard that but I would love to see it
no I'm just bringing it up
I think it's a conversation
it's going to come up more and more is all I'm telling you
yeah just be prepared I think it's a conversation. It's going to come up more and more is all I'm telling you.
People who want to change things, they'll say something like this.
Are you not open-minded to things or what? They get you to go, well, yeah, of course I'm not open-minded. Are you not open-minded to things, or what?
well, yeah, of course I'm not open-minded.
I'm closed-minded when I gotta be.
I think they're just gonna fork out
I usually find that people that say that
Well, they're trying to manipulate
I've been manipulated before.
It was not a pleasant experience, let me tell you.
I think I'm going to want to design a Litecoin Lite.
Yeah, it was Litecoin Cash.
Litecoin Cash? What? Litecoin Cash. Litecoin Cash?
Yeah, it's already been a thing.
I don't know what it was.
You mean like actual light?
I don't know what the hell he was talking about.
But I want to design a physical light.
Like an LED light kind light.
I'm going over some designs in my head right now.
Yeah, I want to get a 3D printer.
You want to get a 3D printer?
Yeah, I'm thinking about it.
Yeah, just do it it just get the fucking
p1s that's it do it yep don't get anything else i went through so i went through a month of you
know buying stuff off of mark like i went in deep i hyper fixated on 3d printers i bought
two of them off facebook marketplace like an old 15 year old
flash forge learned the ins and out of that sold that got an ender whatever v3 or whatever
and uh you know learned that that's like a like a little more modern um basic tier and then i sold
that and i just like bit the bullet on what everybody was recommending
and you know literally i'm gonna tell everybody from this point on just don't go through the
growing pains i went through them for you get the p1s
yep get the p1s with the uh with the ams or what i would do is probably wait a year and wait for
whatever version the p1s comes out with the dual extruders because right now the p1s is awesome
but when it's printing multiple um colors it it does take a long time because it has to purge
the single extruder and take out the filament put the the new filament in, purge that, and then go.
So if you have multiple colors on a single layer, every single layer, you're doing that.
And some products have like 700 layers.
Yeah, so in the next iterations, I foresee there'll be uh dual extruders with the am
with the automatic um systems and let me ask you more questions because i don't want to
like what kind of films can you use games like filmings with fiberglassing or something like
yeah so um there's different um machines and extruder heads for your machines.
So P1S, yes, you can have different types of extruder heads,
which can then have different types of materials.
And then you can look up the specific types and the specifications for that.
I'm not there yet with different filaments i've
only ever worked with pla um i may look into um p e p t g and abs um those both seem like like
sturdier things um abs is specifically for getting into like electronics just because pla um pla is not
not flammable okay right so i you know if i want to actually get like like low voltage stuff
actually it's really no worries with like low voltage stuff but if i ever want to get into
like actual like electronics like motors and things like that, anything that would create any kind of...
I'd do something different.
Yeah, because I want to add custom drilling parts.
Your mic's doing that thing, what'd you say?
Yeah, I want to do custom drilling parts.
And right now, I'm using a lot of...
What do they call that? So so do you have any design background
uh not really yeah so that that is that's the biggest hurdle for me you know i'm all into the
tech i can get the 3d printers running uh you know people can give me designs i can find other
designs i can put designs together.
I'm learning designing myself right now.
And that's just been the biggest hurdle.
And so because it's CAD, you're learning, you know, automation.
But it's mentally taxing in a good way.
But it's hard for me to find time, you know, where I don't want to sit there and just design
something for 15 minutes.
Like I got to sit there and know I got like maybe three hours, no schedule.
So I can, you know, tinker, fuck some shit up, figure it out and maybe have something
That's that's the point I'm at with my journey right now. Um, and I,
I'm really lucky because a big chief energy, um, who you guys know,
he's awesome. Martin Seeger. He, uh, he,
he was actually like classically trained in CAD.
So he's been helping me learn. And, uh, so that key chain,
he actually designed that keychain
um so uh some of the proceeds will go to him a shout out to martin seager um really really
awesome stuff he helped me design the signs that you see on the site um you know shameless plug
check out sadfrog.tech um and Grant, if you order something,
I'll throw in the ordinal I owe you from Bits Toy.
So check it out. I got automatic Litecoin payments up and going.
Jose actually was our first successful customer.
So shout out to you, Jose.
I don't know if you want to let people know how awesome it was.
You haven't gotten anything yet.
No, I mean, I really like the process.
I mean, it verified everything within seconds.
It was pretty wild to me.
I was going to ask you what you use to settle payments because we have, at Burb, we have a shop too and I'd like to accept Litecoin.
Yeah, I'd love to help you.
So all I do, so this is what the website is.
It's a VPS, which is for just a computer.
It has core running on it.
And with core, you can actually use RPC with your coding and actually run you know functions
through that so what I do what happens when you go on to the site and fill out that form and click
generate address all it's doing is saying hey here's an address and um you know get me a new
address and then it pulls that shows it to you into qr code function
um and then the rest is all just the front end saying hey we're expecting this much based on uh
you know calculations on price and everything and then it just scans through a couple of apis
and mempools to see if uh it was um you know processed and if it was processed.
it comes back that it's good to go.
And I think, I don't know, I think I was working on
actually having a watch on it
where it would actually read it right from the core
if it got it, but I think it's just using
Did you code that yourself
yep coded it with uh the help with really shady dev and um and obviously some vibe coding like
you know we've built me me really shady dev and uh martin seager and a couple other we've been building websites for and tools you know
since before ai you know and this is the ordinals came out before ai we had you know ordinal servers
running and all this stuff so we have really good foundational knowledge of all this stuff
and now with ai um tools like cursor and uh versal, we can really just cater these models
to do exactly what we need them to do now.
That's awesome. Thank you.
Yeah, no problem. No problem.
The website that you have, did you guys code it yourself or what
you got going on no we're using shop
what is it shopify to oh shop yeah okay yeah have the you know the e-commerce website on Shopify. Yeah. So why, uh, I made the sad frog website or, or, uh, GitHub open.
Uh, I can share it with you. And, and the goal is to get other people to make, you know,
like coin websites, just, just like this, right. Whatever you want to do. Um, and just change your
pictures, change your fricking texts and products and products and all that. And I put instructions in and everything.
I can try to find if I posted the GitHub.
GitHub is still private because I'm making sure there's no secrets
and environment variables gone through it yet.
I didn't get a chance to sift through it.
But, yeah, that's the goal.
I'll definitely share it with you once it's open.
That's awesome. Appreciate it. Thank yeah, that's the goal. I'll definitely share it with you once it's open. That's awesome.
And the process was really easy.
So yeah, I mean, if anybody wants to give it a try,
even just testing the Litecoin transaction on the website.
I mean, it's super fast, super easy.
Yeah, I felt that was like a needed part to have.
Just I have a little one-cent
product that people can just use just
to test that the website's working,
see how it goes. You get a website
confirmed and everything, and then on my end,
helps me process the shipping and everything.
Yeah, thanks for listening to my TED talk and jose appreciate it you're great no no i'm not dude i'm sitting here reading through this old newspaper
it's kind of tripping me out it's bringing back some nostalgia
uh but the interesting thing in here they had an article
like a couple blips one of them them says, computer used for selling cars.
Some car dealers here are using computers to match potential buyers with their dream cars,
the same way dating services match people.
The idea is designed to help a person find a specific make or model of a used car.
But some critics contend it's merely a gimmick to sell more cars.
That's a gimmick to sell more cars.
One used car dealer here says that he could do the same thing the computer does on paper,
but the customer wouldn't feel the strong bond he feels with a car that flashes on the
People trust computers more than car salesmen, he says.
Fucking 40 years ago, almost.
we're all advanced. They were doing this 40 years ago.
was predicting the future.
You know, people selling shit.
Classifieds were cool, dude.
You'd be like, I'm looking for a lawnmower.
All right, it's the only one that classifieds.
You know, you don't get to see pictures of it or nothing.
Literally. My grandparents have, you know know they live in a retirement community and it's in florida and so it really is its own bubble you know yeah i used to work on the outside it you know
they got the classifieds at their little uh you know their little center their little yeah
and uh it's so funny all these freaking
pins like a whole wall of just pins and like papers ripped up with like notes and pictures
and then like that any given point there's like five old people just scouring through it
well you can get a uh an all-season tire how much was an all-season tire for only 30,000 miles
not very big warranty what would you guys guess i mean tires today or i don't know 42 50
they're 200 bucks damn pretty damn good dude right in that range there are a bunch of prices
from 36 to 44 good guess let's go yeah i love inflation Right in that range. There are a bunch of prices from $36 to $44. Good guess.
But you could also get a muffler, a whole exhaust system.
Oh, my God. Do you know what? Do you know what? Oh, my God.
Do you know what $6 is worth from 1972?
If you made $6 an hour in 1972, what would you be making right now?
That was a lot back then.
I'm going to say that's like $40 an hour. Dead nuts.
I killed it? Yep. So seven times?
Almost seven times? Yep. But it's been
so excessive. Literally, inflation
Since COVID, right? Where you're just like,
what the fuck? You buy some
things and you're like, like, I remember spending 80 cents on that. And now it's $4 and 10 cents.
You know, he was looking at this shit like, how did this happen? And it's all the little shit.
It's all the like, you know, you go to the gas station, you got you have a pop and a bag of chips and it's like it's as expensive as a meal at mcdonald's it'd be like five dollars and 80 cents you're like
what the fuck happened here it's marketing used to be a 99 cent bag of doritos you could get a 99
cent pop and a 99 cent bag of doritos i know i sound like an old man saying this but that was
up until maybe 2010 yeah i remember two bucks like
ten dollars somewhere and leave full now i'm stoked if i'm like yo i just went in there with
twenty dollar bill and i was able to get a drink a meal and a dessert what a great deal
yeah we're in construction you probably hit that bK and that Hershey Sunday pie, bro.
I should get a Hershey Sunday pie.
I haven't had, they don't advertise them where we're at, but I know they keep them in the back.
Did you, like, is that how it is where you are?
No, I mean, it's on the thing.
I mean, I don't eat them.
I try not to eat that kind of stuff
The dollar seventy nine rodeo burgers from BK. Oh my god, dude
Solid so good. So good. They got you ever been to sheets?
I have not I've heard of it though
Yeah, I tried to go there to spend my fucking money
and they didn't know what they were doing.
You know, the whole sheets.
Doesn't sheets sell? I don't know if they still do,
but like several years back there was selling
like two hot dogs for $2.50
I'm wondering if they still have that.
I know Costco has the $1.50 hot dog.
And then eventually, I think what it is is the little things seem so inconsequential,
something's a dollar 29 and they go,
they just raise it to like one 79.
And it doesn't seem like for some reason it doesn't seem like that much,
even though it's like a 30% increase or 40% increase.
they're not doing you any favors. 40% increase. But, yeah, these stores just...
They're not doing you any favors.
Now you gotta shop the sales and shit, I guess.
I feel like this is... Let's have a discount shopper meeting every week.
But it feels like that sometimes, you know?
That you should go and scour the deals.
Because, fuck. You get caught off guard, you're gonna They should go and scour the deals because, fuck,
you're caught off guard, you're going to get
Actually, I'd check for cheap miners
think that their miner is broken.
And then I'll either try to fix it.
Or usually they just have one board that's out and they think that the whole miner is broken.
And I'll just unplug one of the boards.
And it'll be working at like two-thirds hashing power.
Or three-fourths hashing power.
You could probably keep...
Or like, you know, buy one even if it's shit.
It probably has two or three good boards.
That you could cobble together later on, right?
You don't even have to cobble together later on.
Like, the best situation that
i had which you know i feel for the person that sold it for me but that's business i guess is i
got an l7 a quote-unquote broken l7 does not hash don't know what's going on i got it for 200 bucks
oh my god all i did all i did i kid you not was unscrew it looks like it has never been unscrewed or messed with
ever before i took it apart i found the the hash board that looked like it didn't work
i just didn't plug it in i plugged the rest of them in and it started hashing and i turned it
around and i sold it for 1300 bucks and i still have the uh i still have the the broken uh hashboard from it
so that when i'm doing my electronics and i'm trying to backwards engineer this uh the chips
um i can actually upgrade the l3 version to you know an l7 version when the time comes
yeah dude i would like to understand electrical more like i know i i know like just like basic
stuff about like uh when motors are pulling power or like there's because i was working on something
i had my cooling my wife's cooling fans in her car went out and i was trying to diagnose it
i wasn't 100 sure it was going wrong but i knew it was some sort of like signal wasn't being sent kind of thing.
It was some fuses and relays.
And it made me just curious about, like, well, what are these relays?
Like, they regulate voltage or amperage based on certain conditions.
I don't know what it is, but it's just interesting to me how these things work.
And it feels like you know your stuff it's one of those things that you feel like
god if i understood how it worked i could probably fix some things that for for pennies that i'm
sitting here throwing away right yeah sometimes i forget what i have i forget that what i have
is a skill sometimes and like i should be i could be charging for it and I'll just be like, Oh yeah,
let me just stick my hands in here. There you go. Done.
Like what the fuck did you just do?
I reset the GFI. How did you know to do that?
X-ray vision. I don't know.
I do like electrical and I want to get more into electronics
because i feel like i've gotten what i've gotten mentally mental stimulation out of like the
electrical field like i've been doing this five years um i've built many buildings um actually
just got done you you could look there's a um a news article written about the New York's largest Chick-fil-A that I just built.
But I want to get out of it because my, I feel like by the time I'm, you know, in the next, I feel like I'm on that line where if I continue this, I'm going to be a grouchy, miserable, hurting, achy old man in my 35s.
And I just don't want to do that.
I want to go back to my soft-handedness mental nature.
Because it makes me abrasive.
You know, you'll get there. I mean, at some point in time,
you know, the physical labor, if you know your stuff well enough, you do less and less of it.
You know, the people that are learning are the ones doing the hands-on stuff.
That's how it goes. That's what, and it does. I feel like I had the same.
That's not true because when you're, that when you're older and you know your stuff yes people will do that and expect that from you but when you know your
stuff and you're young they expect you to do two people's jobs like oh you're doing this shit and
and installing something you're like oh you need to make sure these guys were doing their stuff
and the thing that you were installing it's like oh i really do
you know they expect it's expected to be multitasking at all points and you know i do put
my foot down more and be like well this is it just is what it is man like i definitely i have a new
like mantra i will never stress i will i will never rush and i will never yell. That's what I'm trying to be.
that's asking a fucking lot.
I'm not going to yell at anybody.
That's not why we come to work.
until they're working for you
I told you this seven times!
because I've kicked people off jobs
I've explained this to you three times.
Is there anything I can do
to make this a safer environment
for you? And if after that point
it's a no you're not reading between my nice words and lines i make a phone call i'm like this
don't put him on this job tomorrow and usually i'm the last line because usually
if i got to that point they went through the other grouchy foreman and they got patient foreman rob
through the other grouchy foreman and they got patient foreman Rob, you know, who did like the
second and third chance. And, you know, really, you know, I, I, I, I like psychology. I like
therapy. I've, that's kind of what I'm trained in. So it's like, I'll give you the benefit of
the doubt until I realize you it's, it's, it's not me. It's you. Yeah.
People think, well, some of these videos I watch, I do get a little frustrated where I watch people complaining.
We just got done talking about how expensive things are.
I don't think things are very fair for people trying to put roots down in the younger generation, the Gen Z, or even late millennials.
But I don't like when people go and they're just like, oh, we're supposed to just work for the rest of our lives, and that's just how it is.
How is that any way for the rest of our lives and that's just how it is like how is that
any way for the world to exist and it's kind of like you know that's actually not a lot of work
in the grand scheme of things for everything that we have and things will get better and you will
make more money when you're older and i think i don't know i just i just hate the just the
complaining about it i think people's perspective of work is different right though too
you know yes i do some people you know if you if what you do for work is something you strived
to achieve and you're in a position that you feel like you've accomplished something to get there
then you're more likely to feel rewarded and you're more likely to feel the way you're feeling right now. Um, now as opposed to if you are just, uh, you know, you, you, you're just on the line
and you're just picking up jobs and you're on that, you know, you're, you're going from job
to job and it's like, okay, I'm, I worked fast food. Okay. Now I worked retail. And now, you
know, you're going from, you know, those different types of jobs and that's all you can do then. Yeah. I would feel horrible.
But I think, but I'm saying though, is that like to, to give people the mindset of like
the grass is greener or like that they shouldn't understand that in order to be in a position when you get older
to feel that you have options and that you know even if you are let's say you're in retail
and you move and you're a you're a competent manager and you're good at what you do you'll
be compensated you know and you'll be fairly rewarded for what you do and you'll get good at
it i mean you know there are there certain jobs I look at
people, I go, God, that's a horrible job to be in at that age. Like there's certain jobs I look at
and I can't believe you're in that, you ended up in that position. But, um, I know, I think overall
the better message is like things will get better because otherwise you just have a bunch of people
who get job hop and are always looking for something better or trying to get rich
And they think that they're being treated unfairly and resentful.
Like that just is a weird way to go through the world.
I feel like I'm right there in the middle of that because I feel like my
generation is the generation of job hopping.
And it's a good I feel like it was a good thing for the economy to experience.
Like, hey, hey, you know, we're not just going to blindly be a loyalist anymore when that was that was the case for a while.
But then, you know, rewards became peanuts and peanuts became
I don't know that it's been
Job hopping. I could job hop and give myself more money for sure. I know that.
But it's just never been in my nature to do that. And there's also job hopping for purpose,
right? I know a lot of my generation does a job hopping for purpose they don't they they'll take pay cut pay raise pay pay whatever it's just they need to do something different to feel
fulfilled um right i know i know someone who you know did did four months in carpentry then he did
six months in hvac then he did a little electrical and then he went back to hvac and now he's doing
low voltage uh systems uh and security and each one it was purpose but each
one he got more experience and those those skills traverse the other the other trades right like
i see he's the guy yeah yeah that's true and that's a guy that will be
you know being have a less physical role at some point he'll be a kind of a jack of all trades
he'll be super he'll be a gc he some point, he'll be a kind of a jack of all trades. He'll be super.
a general contractor, someone that can just be the glue to all of these professions.
that there's value in putting your time in that isn't related to the pay.
if he just stuck with it and was a loyalist,
I don't want to say just that's all he'd be.
He wouldn't feel fulfilled.
He would still be doing it.
well, but this is what you got.
You got your bootstraps on.
This is the way the world is.
You're going to sound like my grandpa.
You do have to find fulfillment somewhere.
That's where I try to remind you know boomers like yourself that well but you can find
you know you also find fulfillment outside of your work yeah true but you spend a lot of your
day at work man true work is life i don don't, you know,
that the work life difference,
you got to make work a part of your life and you gotta make it good.
I'm trying to think what I had.
One other thing I wanted to talk about, and I can't remember what it was.
What the fuck are you trying to say to me?
I think Animal said that.
He's like, guys, guys, come to the spaces.
Because we were talking about silver in the market Litecoin chat.
I don't post very much to it.
You guys got a lot of activity, though.
It's like, oh, Populous posted.
No, you can go on Amex and type in Litecoin one ounce boolean,
and you can buy them for $4 over spot.
I've got one of those ones and i have another one i've got two litecoin one ounce bullions silver pure silver fine i've got
i'm actually looking them right now i got star wars one ounce fine silver i've got a Zynodor zinc wallet five ounces of silver shot gonna melt
that down into something cool good two grams of gold this is my worst investment ever i spent i think it was 0.6 0.16
bitcoin on two grams of gold back in like 2017 2016.
so that's sixty thousand dollars of gold right there what yeah if you went to the price the
yeah if you went to the price
back in when bitcoin was like
I feel like the way that people $1,700. Nice. Yeah. Well done, sir. Thank you. Thank you. Thank you.
I feel like the way that people talk about spending Bitcoin, you know, before is how
people are going to talk about spending Litecoin, you know, today.
I just played fucking chief in poker last weekend and lost too much.
I think I lost one and a half Litecoin or something.
That's not even like no 10 Litecoin.
So I woke up like, God damn, what was I doing?
But honestly, I had two really good hands at the end, back to back.
And he caught full houses on the river.
I had like, it was like ace 10-6 was the flop or something.
I had ace 10, the turns a 10.
No, it couldn't have been that.
Just call him out. He hosts the room.
he had a pocket pair that got
He turns a full house and then the
river hits me with a full house, but my full
house wasn't as big. And so I was
like, oh dude, I'm fucking all
in. He calls calls me got lucky as
fuck i'm like god damn it and then he caught another full house on me on a river he rivered
a full house on me on another one it's like this son of a bitch i had like three of a kind he turned
he rivers a full house and so that was how i lost most of my money so it wasn't like I was playing badly
you're going to think back to this
moment like 5 or 10 years
from now and be like man that could have been
well if that's the case I won't really
yeah what's $30,000 when you got $30,000 million?
I will never have $30,000 million unless we're on a really bad...
The economy is really bad. The account,
uh, dollars become worth nothing. Yeah. I think I, uh, convinced someone to get, uh,
I took to think outside of the fiat mindset. I like feel like I saw the thing click in her brain
and I was, uh, you know, I was an older lady and she's like yeah well i like to hold my
currency i'm like well fun fact that coin that coin and dollar that you use is actually just a
pointer representing a digital currency called the dollar and she's like oh it makes sense oh
she's trying to get you out of there who's this fucking pod Were you doing bong rips with her
No I have not done bong rips in two weeks now
Oh you're sober again tonight
I was going to check on you
I smoked a little bit on the weekend
We went camping with some friends
It was like a reward, valid time to smoke
Was it disappointing for you at all?
Why would it be disappointing?
Well I mean like you're probably all
You're kind of like alright I'm going to get back into it
And then you're kind of like
No I'm not going to turn myself out like that and honestly i was happy because like tolerance
you know just in the week off tolerance uh uh the tolerance was uh down
oh that's good oh i thought i heard a toilet flush that's why i Oh, I thought I heard a toilet flush. That's why I left.
Oh, no, I was closing a... I was using a sliding glass door.
He's gotten really comfortable with these spaces.
Oh, dude, you guys don't think I go to the bathroom
while I'm doing these spaces?
Man, I'm really mad at Michael Saylor.
He's a real fucking asshole.
I do have to use the bathroom, but usually, especially in the summer,
I usually pee outside when I'm talking to you guys.
I like all the fruggets you got in the background you got you're outside
what are you doing smoking a cigar oh no i was i've been outside the whole night i just walked
in to get a beer and it came back out i'm actually i broke the fire up because it felt like it was
raining but i don't know if it's raining i think it's's stopped. It's fire. Honey, hell yeah. And what are you, a battery
Your phone just doesn't die?
Is that what I'm hearing?
at like 80 some percent. It's only used
about 30 percent of my phone.
Yeah, it was just upstairs plugged in.
Probably going to work on the
working on this website, man.
Because, you know, normally,
you know, something that I that i would you know take me
like a day to like i usually the the development process would go like this i'd have to sit there
think about how i'm gonna program this one feature and spend the day implementing that one little
feature and like looking up you know the the syntax and oh, I forgot, you know, how to format this part of the code.
And now I can just be like, I want to use this tool.
Please make this thing happen so that when the user does this, you know, this occurs.
And then it'll write the code. And I can read it.
That's beautifully written.
Change this little part of it.
And then show me what you got.
And then I can implement it right up and there.
Because the AI has the whole computer.
Are you able to catch when it makes any errors yeah so before um before it actually
finalizes anything it um so it's like a computer within a computer right so it'll sometimes it'll
test stuff with its own environment um and then also the changes that it makes you have to physically like it'll give you
a line by line you know red for these was don't this portion was deleted green for this was what
was added and you could go through line by line and and make sure everything's good to go that's pretty crazy
like i have it so what i did is i i like i said i got a virtual server and i put um i think it's got gpt5 on it and i just gave it access to a user so it has its own user. And, you know, I kept it away from it, the root files,
but it can just go in and, you know,
just navigate the whole system within its own confines,
create its own folders, you know,
use commands to look through the folders and code,
write the code, and then, you know, give me in the IDE, you know,
what's going on, what it's thinking, have the conversation. It's crazy. I recommend if you do
know any coding, getting into cursor and figuring how to do it. But I don't recommend
uploading AI to your personal computer. That is one thing I very much
don't recommend doing that.
Spend the money, get a virtual computer,
spin up a virtual computer on your
I saw something about somebody who had downloaded
Cursor, after you said that to me,
hacked or whatever, just some sort of
Cursor hack, I don't know. Maybe it wasn't Cursor that did it, but it was That they got hacked or whatever. Just some sort of cursor hack.
Maybe it wasn't cursor that did it, but it was somebody maybe pretending to be cursor, right?
Well, a lot of ways for it.
It's not really thinking.
really thinking it's just doing things based off of patterns right and so if one of those patterns
It's just doing things based off of patterns, right?
isn't a best practice and it's like yeah let's fucking open up our firewall to the world okay
and oh right yeah i see the ai and you're just skipping through and you just say yes you're
clicking through yeah and then boom now your firewall is open and now everybody's on your
shit and you were just too high to freaking realize because you're just And then boom, now your firewall's open and now everybody's on your shit.
And you were just too high to freaking realize because you're just...
You were too high to realize because you're an idiot.
You're never going to amount to anything in life.
Cool. What's that a little pent-up ptsd there yeah yeah that's all i'm saying i'm
just making a joke uh yeah man that's a good conversation you know i mean you're pretty
passionate about the proof of work and you, you know, I agree with you.
I'm still I'm still on team proof of work.
I'm just saying I keep an open mind.
But I do think this is starting to become like half a eyes whole show.
Every week, I feel like we talk about it more and more.
Well, I used it this week, though.
I think I told you diagnosed my
car and uh yeah it really gives you a lot of confidence it allows you to feel comfortable
like well i don't know what should we do and you can just ask it some generic questions it's a
little bit of a reassuring voice you know yeah i probably shouldn't say this too as an electrical foreman i my chat gpt is trained for the natural electric code i'm sure yeah why wouldn't
you you know it's not like where other people will be like well let me pull out my book i'm just like
sitting there like regular corn be like all right in this situation with this gauge wire, with this many amps going this
reason for the National Electric
Code and the National Fire Protection
Agency? And it'll be like, well...
Think about what we're going to end up with, dude.
We're going to have such good...
Again, you're going to be so much more
empowered because you can work comfortably
and confidently you're on the right i have to look shit up i've got the proprietary tool i guess not
proprietary but like that my company pays for it it's called company cam and i could just go around
take a bunch of pictures of my work and just i can just voice over um the picture and be like oh this is a you know two by two box
with circuits for the electric water heater and the ac for billing purposes yeah and then it will
i could do that you know take a picture voice over everything go through the whole job site
and at the end it'll make me an ai um an ai summarized uh descriptionized description for the day
that I can then leave for
the next guy that comes in. It's crazy.
Do they already have that?
Makes my life fucking nice.
Except when other people don't use it.
I'm just like, god damn it, motherfuckers.
Why am I reading Sharpie right now?
Yeah, you talk about like being efficient
more efficient and not having to
or getting to a place you can
communicate something effectively. Right. Like, why do I... Sometimes you need to have a picture a place you can communicate something effectively.
Right. Like, why do I... Sometimes you need to have a picture.
Sometimes you need to have this, need to have that.
Yeah, but even then, like,
incompetence, like, I'll make the best report
you've ever fucking seen, and I'll
still get a call, because they didn't
Yeah, and I'm not going to sit there and tell them that, you can time open up the app
and scroll through it because alright now
you've already called me I'll give you the answer
is there not a way for the AI
they have to be cognizant enough to open up
It's literally just that simple.
You just have a 50-year-old electrician just got the site.
There's no notes anywhere on the table.
There's no Sharpie marks on any of the drywall.
What the fuck is going on here?
Oh yeah, that fancy dancy app on my phone
I just have a QR code on every box
I'm going to side with the boomer a little bit
Doesn't have the same impact. It's, it's fucking
annoying sometimes to be like, Oh, I got to watch a fucking video. Like, can't you just leave a note?
Right. What was wrong with the old system? Rob, I'm going to play the boomer
I love playing devil's advocate.
This is literally the most fun thing in my life.
Why do you need the video?
Electrical systems have been built.
A building's been built forever.
Why suddenly do we have to have this
fucking app? It's annoying.
I don't want to talk to you.
Just leave a post-it note.
We used to use post-it notes.
Why were we post-it notes across?
I guess at the end of the day, it doesn't matter because you're going to call me anyway, Boomer.
Exactly. It really just depends on who is using the tool and if they're ready or not to use the tool they're not ready
to use the tool it's not gonna be efficient i know because there are probably pretty good systems
yeah the benefit oh man the time savings dude so what do, what do you... Do you have an Android phone?
No, I'm thinking about it.
So, Animal, you have an Android.
Jose, do you have an Android or an Apple?
Oh, so we're all iOS except for Animal.
Yeah, sorry, guys. I just got busy here
But then somebody said to me, the PC,
like the mini Mac, I was reading something about that today, they said it's light years beyond Microsoft.
And I can't stand, I have two computers on Microsoft that give me problems all the time.
Constantly updating and fucking getting stuck on an update,
locking out, that type of stuff.
So do you guys own Mac computers, any of you guys?
I've got two PCs with Microsoft on them and two PCs with Linux installed on them.
is a phone and you're like
I want the best phone experience.
switching to Android because I'm
seeing that that experience is
Do you live in the Google ecosystem?
Is that your primary ecosystem?
Do you primarily use Google
then because it's cross-platform?
I still use Safari and but like i'm not doing
if i have to do business stuff besides like if it's on an app on my phone i'm going on the
computer right i'm not gonna do any browser shit on my phone yeah um and that's why i've got you know and computers they're tools and so different like mac
is easier for um moving around like i would like if i want to go to my you know my couch and then
my kitchen counter and i'm doing some like light coding or maybe some just like reading an article or or
listening to a podcast i'll have my mac because it's just like uh it's like pc light is what i
would call it like it's just okay it's like a smoother faster but less robust for me um pc it's the it's the one that everybody uses so you gotta have it
and so that's you know that's just you gotta have a pc in my it might more microsoft um
you know i do like it it's got great games i love gaming on my Microsoft. I would never game on a
Mac. I would never game on a Linux. I've tried
a tool. Like I'm not, when I'm
using Linux, I'm never doing anything. I'm just
I'm not enjoying Linux. I'm
Linux is I'm working. I'm doing enjoying. I'm not enjoying Linux. Linux is I'm working.
I'm such a non-techie person.
you can run like local networks and and
you know run storage systems that you don't actually have to have on your physically plugged
into your main you know pc microsoft computer you can easily spin those up on linux i mean you could
do it on on windows and stuff like that but you can easily do it on linux and then just you know
that's just a remote computer that your microsoft pc can then just reference as a network drive
okay man yeah dude i'm i don't know i've only had pcs for the most part
I don't know. I've only had PCs for the most part.
Animals are a kid, that stuff.
He's probably a Linux maniac.
You guys do this in your downtime?
It's probably his profession
Yeah, I've always done it for fun.
I was a developer for a very small amount of time for like four months well technically like six months and uh the contract actually i was working for capital
one and the contract got interrupted by COVID.
And it was a four-year contract.
And they gave me the option to tap out for free, no issues.
And I was like, yeah, I'm tapping out.
And that's when I became an electrician.
All right. Well, shit, man. That's when I became an electrician. Alright.
I don't have anything else to talk about tonight.
I usually have tons of shit to talk about.
I mean, I could, but I'm not prepared to get into another
hour of conversation, you know.
Oh, yeah, we've talked about that.
You think we've got to talk about that in an hour?
You think that's not going to take an hour?
Well, what's time when you're on mushrooms, you know?
Oh, time is a measure of distance is what I determined when I was on mushrooms.
that's the only way you can measure time.
had a calculated mass of all
the stuff that was in that
moment, right? Then the next
that same amount of mass.
Then they're both different
Nah, I'm just going to break it off
You're the one who brought it up. I don't know.
No, I'm just basing out while I'm
cutting off supports on these 3D prints.
I'm cutting off, so when you 3D print
overhangs and stuff stuff it prints these things called
supports which is just more 3d printed material loosely supporting it and connected and uh you
got to break it off and put a little bit of love and labor into it gotcha for that wedding that
guy talked you into doing finally uh is it for that wedding that that guy talked you into doing finally uh is it for that wedding that that guy
talked you into doing uh no i'm making sure that audrey's getting paid for it too oh good
all right man well hey next week we'll do it again uh i gotta get the old gang back together
i gotta get uh we are entering what do we say? In two weeks?
No. I'll try to get some people in here. I'll have some Litecoin talk.
Some other talk. When are you going to change your name
back to Litecoin Underground?
It got taken. Somebody took my
account. Are you serious?
Underground. What? You actually gave it up? Well, I changed it, yeah. account are you serious somebody took the ltc underground what i can always gave out
well i changed it yeah yeah no it's still there i know but it's not me what
i know you've been it's got the same same picture and everything i know somebody took it and i
mentioned i messaged him i was like oh i don't know if you were keeping this
for me i appreciate it because i thought oh yeah i. I was like, oh, I don't know if you were keeping this. For me,
I appreciate it because I thought, oh, yeah,
I should have kept it. Big deal. But I don't know. It's LTC
Underground. I don't care.
Yeah, so it wasn't even like someone going, give me 500 bucks.
Yeah, that's kind of what I did.
Not really what I did, but
well we'll see you next week
same bat channel talk to y'all later