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podcasting 2.0 for June 25 2021,
Episode 43 What are they

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building? Oh yeah that question
and many more shall be answered

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today during our board meeting
of podcasting 2.0 it's open

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source everybody's welcome. Come
on in the door is wide open

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chairs are ready for you, as we
figure out and discuss and

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prognostic eyes that means about
podcast index.org and everything

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that goes on at podcast index
dot social I'm Adam curry in

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Austin, Texas and in Alabama,
the man who always delivers five

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nines uptime my friend on the
other end game Jones.

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You say prognosticators. Yes,
I'm

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like that I just came out like
Well, I don't know what I said.

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Hey,

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what up? What up,

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bro? Yeah, word up, bro. We have
almost not spoken this week. I

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think.

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I know. It's kind of weird.

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Yeah. Well, it's I'm now I'm I
am really in the middle of boxes

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now. Finally. In the studio as
Let me see Monday. Yeah, Monday

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we leave. We go to the new the
new casa.

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It's imminent. It's imminent.

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What do you mean eminent? Your
move? Oh, no, it's no, it's

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happening. Yes, it's happening.
But man, I thought Still, we

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were pretty much minimalist. But
if we look at Ben and Tina is if

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we look at Adams stuff, which
Tina collectively calls your

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wires.

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And everything's a wire.

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Everything has a wire attached
to it, you know, like, I wanted

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to have the wire stuck into the
device rather than go to some

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wire box and have to find it.

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And there was some study done co
gotchas thing I saw maybe a year

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ago. And it was I don't know
where it was. I don't remember

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the details. But all I remember
was they, they they took a bunch

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of wires and stuff and just left
them alone. And they would

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tangle themselves. No. Like That
was the whole study was to see

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it like and the conclusion was
wires will always self tangle.

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It was like some sort of cool
theory experiment. Yeah.

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And yeah, it kind of makes
sense. I guess. They are alive.

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Then. They have a life of their
own. Yeah, some of them walk

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away. You can't find it. You
know, you know where you put it

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and it just walks away. I've got
an ordinate amount of ham radio

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gear. Now I

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bet you gearhead ham radio gear
heads, man, you can't have just

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one song. Oh

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no, I've got two meter rigs.
I've got my first you know, the

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all band rig which is 100 watt.
I think it's a nice break. It's

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a break. It's 30 pounds. And
I've got antenna tuners and

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wires and oh my god. It's just
nuts.

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You don't have time for you for
much ham radio these days.

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I haven't had time but I mean
the pandemic would have been

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perfect. But we we started doing
podcasting 2.0 and we only

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really just moved into this
house two years ago and even

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though I had a like a mask put
in in the back not a full on

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pylon mask but something I could
easily attach something else to.

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I never never strung up any
antenna.

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Never got to it. Well, you're
actually saving the world now

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instead of pretending

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that's good.

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I haven't played that in such a
long time. Hold on. hams will

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save the world Yes, we need to
listen to the whole thing. Bruce

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parents, everybody now here we
have ham radio guys. Ham

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radio is the public service
network of last resort. When the

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apocalypse comes where the guys
who are going to save the world.

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Right, right. Yeah, pandemic

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hit flip on the two meter band.
All I got is one guy going like

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test mic test. Stupid ham. CQ.
CQ. CQ. Yeah. Not a lot of CQ.

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And going on on the local
repeaters. Ah, so before we get

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started, I feel kind of bad.
About our last show. Yeah. And

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well, I was I was bitching about
about my move and, and that

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Martin had been a friend Martin
had been dragged down into, you

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know, he also bought a house.
He's he proposed to his fiance.

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Yeah, basically, he's like,
we've lost him. He's gone. We'll

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never see him again.

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He made him feel so bad about
himself that he open sources

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software and hit the deck.

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Well, I'm gonna make I'm out.
Now, I don't know. Did he

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release an upgrade right after
we released the show, which is

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fantastic. Then he went ahead
and the open source the whole

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thing and we have a little
little present for him. You know

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what's really hot, open source.
Send your pull request. Now.

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Pull Requests engine pull
request. Dame Jennifer hero,

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heroine of podcasting 2.0

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I mean, that just brings back
every memory of one 800 number.

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People even remote I mean,
that's not even a thing anymore.

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I don't think it is in Europe.

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Europe is still is still got a
lot of phones. Excellent. Yeah,

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the advertise it on TV after
1am. Yeah, they got the softcore

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kind of video and then the
numbers call me. Are you alone?

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Baby? I gotta play it one more
time just just for the effect

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for myself. Yeah, you

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know what's really open source?
Send your pull request now.

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Well, that gets that one gets me
since

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we're doing it. We might as well
remind everybody, this is a

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podcasting 2.0 compliant
podcast. We expect you're

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listening to this on a
compatible podcast app. If not

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go to new podcast apps.com
Here's your cue to boost you

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know you want to sexiest sexiest
nerd show in the universe,

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is it's the only redemption this
show has is those jingles. Now

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it was it would be mega nerd.

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When someone like a Martin open
sources, his whole project. What

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does that say? As a developer,
and we should ask him,

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obviously, but it's more fun to
talk behind his back. What? What

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does that mean? What brings you
to that point? As a developer,

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do you think?

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I think if you will, personally
I think you can get you can say

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two things. One of two things.
He could say, some business

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reason. So you've decided that
the business model you had for

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your product is not going to
materialize the way you thought

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it would. And you would be
better off by open sourcing it

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so that you can build a
community around it. So that

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would be like the Mozilla model.
Where say, Well, okay, we're

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gonna change gears here, we're
gonna change direction, we're

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gonna go from a we're gonna
compete, we want to be able to

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people to buy our web browser.
And now we're going to flip over

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to building an open source
community around the browser, in

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switch sort of switch models. I
think you could do it that way.

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Or as a on a smaller scale you
can I think somebody like us, or

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Martin or get Laramie, or cast
upon here, they, you sort of go

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into it with the idea that
eventually you probably are

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going to do it. I don't know if
Martin thought that way. But I

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feel like you probably did, it's
not something that you just wake

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up one day and say, Oh, I'm
going to throw this up on

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GitHub. Like you don't just do
that. He typically probably had

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some inkling already that it was
not going to be a closed system.

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And so you will, you're already
sort of mentally prepared to, to

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make this switch. He may say I'm
totally wrong. But those are,

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those are the two ways that I
come to it usually, like,

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typically I will, if I know
ahead of time I buy I'm never

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I'm never going to open sources
or eventually AM. Because if you

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go into it with the idea that
you're never going to open

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source it if you think it's
going to be closed, just a just

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a silent or not a solid but a
proprietary product forever. You

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make decisions that really come
back to bite you in the rear

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later. Oh, when you go to you
have to do a lot of cleanup a

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lot. Because I mean, things like
hard coding stuff in there

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in the code. Yeah, that no one
can figure out later.

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Yeah, well, and things like
configuration files and how to

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how to look where you put
certain parameters and like, how

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do you treat the environment,
all these sorts of things, they

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will come back to haunt you
later on, if you don't sort of

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think a little bit in that
direction up front. So I mean,

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it's hard enough to clean up the
code. And the reason I haven't

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released the API code, as open
source is, you know, that was a

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lot of that was fork lifted out
of freedom controller, at least

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on the aggregator side, and I
had this other project that I

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had done, that was partially
open source, where I get the API

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part, or the rest part and merge
those two together. So they were

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both previously open sourced.
And even them both being open

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source before, is still going to
be a lot of cleanup to have to

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go through and do it. Right. So
yeah, I mean, you gotta you got

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to look for stuff because if you
if you roll it out there, you'll

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you'll end up getting things
like the dreaded GitHub, notice

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an email that says, hey, just a
heads up. You have hard coded s3

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credentials in your

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scan for that.

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Yeah, they did happen so often
it's easy to forget, wow, he put

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something in here for testing,
you know, over here, right?

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Well, it's kind of interesting
the way you characterize it in

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the very beginnings, we just
started the show, because for

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me, it did have a little bit of
a vibe of, alright, here, it

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isn't just open sourcing this
thing. I got I got stuff to do.

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I mean, and I'm just I'm just
telling you, my first impression

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is it's based on nothing. It's
just like, Oh, I think it's

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good. I don't know.

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Some some, sometimes you look at
your own project, and you say,

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I'm, I'm struggling to find the
time to put into it that I want.

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That's what I think. Yeah. Okay,
that sounds good. All right.

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Yeah.

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It's not like you're giving up
on it. But you, you're hoping

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that somebody else can, can take
it further and learn from it.

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You just want to give back so to
speak. And rather than sitting

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on this,

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I think it's a family. It's a
fantastic gift. I mean, holy

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crap.

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Yeah. 100%. That's a huge deal,
because he's implemented so many

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2.0 features. Yeah, it will face
Facebook could definitely pick

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up some of that stuff and learn
from it. Yeah. I'm serious.

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They're all react, they invented
react, and he had all his stuff

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done in react. And he's a great
programmer. They can take some

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of his like transcript stuff,
they could pull it right out of

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his code and tweak and shove it
right into Facebook.

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I sure hope Facebook considers
using the namespace. I mean,

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they're starting from scratch,
why would they not? I mean, what

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penalty is there? Besides, you
know, obviously, you have to

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code in the features, but it
would it'll, I think the way I

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the way I view pod friend and
Curio caster and other web apps

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in general, it's really a nice
experience desktop. Yeah,

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especially with chapters and
that stuff. It's it really comes

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to life.

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When I was thinking about
Facebook the other day, I think

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it was last night, I was
listening to pod land. And

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Cridland actually changed my
mind a little bit on Facebook,

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on their entry into the game,
because he was saying that they

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probably are going to be
targeting new people that have

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never listened to podcasts
before, like boomers, you know

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that that group, and non
technical Boomer age people that

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probably just don't, they don't
know anything about podcasts,

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they don't listen to them. And I
can see that. I mean, that makes

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a lot of sense. If that's the
case, that brings in a whole lot

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more listeners to the, to the
ecosystem.

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Yeah, I'm good with that. It is
kind of interesting to see how

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and I'm gonna say it again, you
cannot monetize the network. And

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this is not going to work for
Apple. It's not going to work

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for for Spotify. And now Amazon
has purchased. What is it? art?

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19? Oh, yeah. Yeah, I've got
Bernard 19. They do hosting,

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right.

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Yeah, I think at least at some
point in time, they may still do

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it. They hosted New York, some
of the New York podcast.

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And we'll see we'll see how open
they all want to be Apple is

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clearly given up. They just
don't they just don't care.

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Barletta said, he posted a thing
the other day and said, we'll

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hear about that. This Morning
about the art 19 thing. He said,

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Will this drive Apple and Google
to acquire hosting companies?

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I don't think No, No, No, No
way. No way. No, that's a pipe

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dream.

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Nope. In fact, was already got a
hose

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there already. I was already
hosting it. What, what it's

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going to do is they're going to
drive more people towards their

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subscription content and away
from whatever the iTunes charts

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just won't matter that much. I
don't think.

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Yeah, I agree. I agree and go
and Google just doesn't care.

221
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That's podcasts, or podcasts or
just a side gig for them. They

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don't. I mean, they this is this
is the typical thing with Google

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00:14:04,950 --> 00:14:08,040
they just built they build it.
And then they forget about it.

224
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And it just sits there and runs.

225
00:14:09,660 --> 00:14:12,420
Now when I say you can't
monetize the network, you really

226
00:14:12,420 --> 00:14:15,600
have to understand the media
landscape. How that's changed.

227
00:14:15,660 --> 00:14:22,440
This is why I don't believe in
podcast discovery. This is not

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00:14:22,440 --> 00:14:25,530
like a YouTube. It's not like,
it's not like anything else.

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00:14:25,530 --> 00:14:30,210
It's it's truly decentralized by
nature. So even the idea of a

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00:14:30,210 --> 00:14:34,770
top 10 list is crazy. Makes no
sense. It just doesn't. So award

231
00:14:34,770 --> 00:14:38,160
shows all these things. And then
there's a lot of money being

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00:14:38,160 --> 00:14:43,710
because, you know, I would say
90% of pod news is about content

233
00:14:43,710 --> 00:14:48,420
stuff. And to me, it's like
everyone's Look, it's the

234
00:14:48,420 --> 00:14:51,330
business is just like record
business. Everyone's looking for

235
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a hit, you get one hit and you
can finance you know, 10 other

236
00:14:54,660 --> 00:14:57,240
shows and and that's the
business and you'll be doing

237
00:14:57,240 --> 00:14:59,880
that for a long time and it's
gonna be harder and harder to

238
00:14:59,880 --> 00:15:05,760
get Get a hit, because what is a
hit? When you have 4 million

239
00:15:05,850 --> 00:15:12,480
advertised podcasts of which
600,000 are real, that's still,

240
00:15:12,570 --> 00:15:17,070
you know, you're just not going
to get the type of numbers you

241
00:15:17,070 --> 00:15:21,030
used to get this whole idea the
whole notion of how advertising

242
00:15:21,030 --> 00:15:25,710
is done everything is based on
the old medium right down to the

243
00:15:25,710 --> 00:15:29,880
CPM, you know, the cost cost per
1000. But that that's, that's

244
00:15:29,880 --> 00:15:34,170
not appropriate anymore. And
maybe advertising itself is not

245
00:15:34,170 --> 00:15:37,530
going to be appropriate because
of the niche audiences which

246
00:15:37,530 --> 00:15:41,730
will keep things sustainable,
but even even television is now

247
00:15:41,730 --> 00:15:45,510
moving to apps and it's Yeah, it
may be on the Roku but really

248
00:15:45,510 --> 00:15:48,480
it's just online is everyone's
gonna be streaming everyone's

249
00:15:48,480 --> 00:15:51,090
going to be a quote unquote
podcast that's just what it's

250
00:15:51,090 --> 00:15:55,230
gonna be and I'll compete with
no agenda will compete with

251
00:15:55,890 --> 00:16:02,070
Rachel Maddow. Seriously, that
that's that's where it's going.

252
00:16:02,100 --> 00:16:03,990
That's where it's going towards
is no one can afford the

253
00:16:03,990 --> 00:16:08,010
infrastructure anymore trying to
compete for a 200,000 listeners

254
00:16:08,700 --> 00:16:13,080
during a cable news show.
Afternoon, no, viewers.

255
00:16:13,350 --> 00:16:14,910
And the reason I was laughing is
because there's not really a

256
00:16:14,910 --> 00:16:15,600
competition.

257
00:16:16,890 --> 00:16:20,220
Thank you. And we know, Rachel
would trounce me. We all know

258
00:16:20,220 --> 00:16:21,090
that. Sure.

259
00:16:22,200 --> 00:16:25,590
Okay. Well, the other thing he
said was what what will be the

260
00:16:25,590 --> 00:16:30,570
first deck? What will be the
first stag to offer a Spotify

261
00:16:30,930 --> 00:16:35,610
Sai camp competitor? streaming
ad insertion competitor? I

262
00:16:35,610 --> 00:16:39,060
would. I would say if anybody
out of that. It may be Amazon.

263
00:16:39,210 --> 00:16:43,470
But that is such a big question
mark. Because I don't I think

264
00:16:43,470 --> 00:16:47,370
the whole the whole thing here
is nobody knows if any of this

265
00:16:47,370 --> 00:16:51,810
stuff even makes money. Like I'm
talking about decent money

266
00:16:51,810 --> 00:16:54,810
enough to make it worth it. As
Spotify has spent hundreds of

267
00:16:54,810 --> 00:16:58,020
millions of dollars. Yeah,
buying all this gear and buying

268
00:16:58,020 --> 00:17:02,220
all these companies and all this
stuff? And nobody knows is this

269
00:17:02,220 --> 00:17:05,550
even going to pay off? So I
would have taken a huge risk.

270
00:17:05,579 --> 00:17:11,489
I look at it this way. 85% of
all internet advertising goes to

271
00:17:11,489 --> 00:17:16,529
two companies. It goes to Google
and it goes to Facebook. Neither

272
00:17:16,529 --> 00:17:21,599
of these have even shown any
type of advertising strategy for

273
00:17:21,599 --> 00:17:25,949
podcasts. None. Because they you
think they haven't looked at it?

274
00:17:26,369 --> 00:17:29,729
You think that they didn't see
you know all the noise and

275
00:17:29,729 --> 00:17:33,479
think, oh, we can go and grab
that industry real easy. I'm

276
00:17:33,479 --> 00:17:37,199
pretty sure they looked at it
when we can't sell ads on this.

277
00:17:37,799 --> 00:17:40,049
Yeah, for a whole bunch of
reasons. One of which is

278
00:17:40,049 --> 00:17:43,169
programmatic you just can't
guarantee a brand safe

279
00:17:43,169 --> 00:17:46,019
environment. So you're always
going to be limited by brands

280
00:17:46,019 --> 00:17:47,039
that will take a risk.

281
00:17:47,520 --> 00:17:51,990
What that tells me Okay, that's
a perfect opportunity to talk

282
00:17:51,990 --> 00:17:54,960
about the call her daddy
podcast. Yes.

283
00:17:54,990 --> 00:17:57,180
What did she What did she get?
$60 million.

284
00:17:57,660 --> 00:18:00,840
A reporter 60 million? Yes. 16
million, which is 14 million

285
00:18:00,840 --> 00:18:02,820
less than her male counterpart
which is totally

286
00:18:02,820 --> 00:18:05,940
misogynist. Yep, absolutely.
Spotify bunch of dicks.

287
00:18:07,079 --> 00:18:12,839
That's right, literally. The
spot I tried to I was gonna mock

288
00:18:12,839 --> 00:18:15,839
this podcast, I wanted to get
ISOs from it. I wanted to get

289
00:18:15,839 --> 00:18:18,599
clips from it. It's
unlistenable. It's it's the

290
00:18:18,599 --> 00:18:21,509
biggest steaming pile of garbage
I've ever I've ever tried to

291
00:18:21,509 --> 00:18:25,439
listen to. And you brought a
clip I met this is the first

292
00:18:25,469 --> 00:18:30,209
this is the intro. That's how
far I got. So I want you to play

293
00:18:30,209 --> 00:18:32,639
as much of this as you can
stomach and then I want to make

294
00:18:32,639 --> 00:18:33,239
a point about it.

295
00:18:33,390 --> 00:18:36,630
Hello, Daddy gang. Before we get
into this episode, I want to

296
00:18:36,630 --> 00:18:42,720
remind you that on July 21, the
only place that you will be able

297
00:18:42,720 --> 00:18:50,280
to listen to this podcast call
her daddy is on Spotify. So if

298
00:18:50,280 --> 00:18:52,710
you are someone that doesn't
listen on Spotify right now,

299
00:18:53,010 --> 00:18:57,210
take a minute, download the
Spotify app. If you already have

300
00:18:57,210 --> 00:19:00,990
it. That's great. Go on to
Spotify. Type and call her daddy

301
00:19:01,260 --> 00:19:05,250
and press the Follow button.
That's the same as subscribe,

302
00:19:05,460 --> 00:19:10,020
follow, turn on notifications,
and then moving forward every

303
00:19:10,020 --> 00:19:14,430
single Wednesday. That is where
you will listen to your favorite

304
00:19:14,610 --> 00:19:18,150
fucking podcast. That is where
you will masturbate. And that is

305
00:19:18,150 --> 00:19:22,170
where you will feel happy. Okay,
only on Spotify and let me be

306
00:19:22,170 --> 00:19:27,630
very clear. It is free. It's
free. It's free. I don't know

307
00:19:27,630 --> 00:19:30,060
why. If you thought you had to
pay for it. You don't. It's

308
00:19:30,060 --> 00:19:32,850
free. It's free. It's free. You
do not need premium you don't

309
00:19:32,850 --> 00:19:35,640
need shit. You just need the app
and you can listen to call her

310
00:19:35,640 --> 00:19:40,110
daddy. Join the fuckin orgy
bitches. Spotify. starting July

311
00:19:40,110 --> 00:19:43,590
21 is the only place you can
listen to this podcast. Right

312
00:19:43,590 --> 00:19:46,350
now. I'm having it be everywhere
so you guys can slowly

313
00:19:46,350 --> 00:19:50,850
transition again. No dad left
behind. Go to Spotify. Press

314
00:19:50,850 --> 00:19:55,800
follow. And let's begin the best
year of the data.

315
00:19:57,180 --> 00:20:03,930
Well, this is a weird deja vu
for me when we started cod show

316
00:20:04,500 --> 00:20:10,380
later me vo we had a stable of
talent and we had we went out we

317
00:20:10,380 --> 00:20:14,700
did contracts with our version
of the Rogen and Sophia with an

318
00:20:14,700 --> 00:20:19,410
F A contracts only we set them
up with an LLC show them how to

319
00:20:19,650 --> 00:20:25,170
run the business we help them
with the books with some tax

320
00:20:25,170 --> 00:20:28,620
advice and to get their own CPAs
some did not against our advice

321
00:20:29,430 --> 00:20:32,490
shares in the company I mean we
really we really tried to bring

322
00:20:32,490 --> 00:20:36,870
them in and we and I made the
same basic decisions we had our

323
00:20:36,870 --> 00:20:41,340
version with match Weinstein the
bloated lesbian who was still

324
00:20:41,520 --> 00:20:46,050
she match may still listen to
the show, I imagine is a bit

325
00:20:46,050 --> 00:20:46,470
coiner

326
00:20:47,460 --> 00:20:49,860
she's no big no agenda listener

327
00:20:50,339 --> 00:20:54,629
I hope so. She was I hope I hope
she still is that we don't think

328
00:20:54,629 --> 00:20:58,499
we agree on everything the
bloated lesbian and I but I

329
00:20:58,499 --> 00:21:01,379
think I consider that to be a
very good acquaintance and had

330
00:21:01,379 --> 00:21:06,209
fun walk working with her we had
dawn and drew we had Marcus

331
00:21:06,209 --> 00:21:10,529
couch you know with the metal
music and we had we did all this

332
00:21:10,529 --> 00:21:15,989
stuff. Everything was done and
and even investors like oh yeah,

333
00:21:15,989 --> 00:21:18,749
they even got this this
character this match Weiss

334
00:21:18,749 --> 00:21:23,669
excuse me match Weinstein's real
not a character, okay. And it

335
00:21:23,669 --> 00:21:27,599
was it was fun, it was funky,
but it really didn't bring

336
00:21:27,599 --> 00:21:31,499
people indoors. So you still
have this gradual slow rise over

337
00:21:31,499 --> 00:21:36,869
time. And while that's slow, you
notice that you really can't get

338
00:21:36,869 --> 00:21:41,939
the big advertisers because of
it turns out investors think the

339
00:21:41,939 --> 00:21:47,429
bloated lesbians, hilarious BMW
not so. And so they hear you.

340
00:21:47,429 --> 00:21:49,979
And then at a certain point,
we're doing podcast where we're

341
00:21:49,979 --> 00:21:53,939
unboxing stuff. I'm like, Okay,
I'm done. So now what now we're

342
00:21:53,939 --> 00:21:58,139
just taking money from a car
company or motorcycle company,

343
00:21:58,529 --> 00:22:02,879
and an unboxing. Now, it was a
great unboxing the crate popped

344
00:22:02,879 --> 00:22:06,059
open like David Copperfield, the
whole thing was cool. But it was

345
00:22:06,119 --> 00:22:12,239
it was basically an infomercial.
And I just saw, you know, then

346
00:22:12,239 --> 00:22:15,359
you get the infighting. I'm not
promoted, why do I not have the

347
00:22:15,359 --> 00:22:19,859
ads? Now? It's, it's probably
different. But you said we have

348
00:22:19,859 --> 00:22:22,919
now two people who have big
salaries, the others are getting

349
00:22:22,919 --> 00:22:26,819
a lot less no doubt that by
itself creates animosity within

350
00:22:26,819 --> 00:22:27,509
the ranks.

351
00:22:30,210 --> 00:22:38,190
Okay, so you had Obama's the
Obamas that had exclusives? I

352
00:22:38,190 --> 00:22:42,090
know some people are. I know,
James said that. They told him

353
00:22:42,090 --> 00:22:44,910
that it was a windowing thing.
And it was timed and it was

354
00:22:44,910 --> 00:22:49,020
always going to release. Who
knows? Who knows. But those two

355
00:22:49,020 --> 00:22:53,100
things have been spun out. And
they're now non exclusives

356
00:22:53,100 --> 00:23:00,960
anymore. The exclusives you have
at Spotify are now Rogen, which

357
00:23:01,230 --> 00:23:04,980
I'm just gonna lay this out,
literally, it's Rogan, who is a

358
00:23:04,980 --> 00:23:09,780
guy who interviews people, while
while he's hammered. You've got

359
00:23:10,680 --> 00:23:15,780
just break up, which is
basically the the podcast

360
00:23:15,780 --> 00:23:21,960
equivalent of Us Weekly. You
have called her daddy, which you

361
00:23:21,960 --> 00:23:27,270
just experienced. And that is
only I'm serious. I got 20

362
00:23:27,270 --> 00:23:30,150
minutes into it. And I was just
like, I can't handle this show

363
00:23:30,150 --> 00:23:33,600
floors. It's the worst basement
level tripod

364
00:23:33,599 --> 00:23:37,169
I've ever heard. That's
objective. And you know me, it's

365
00:23:37,169 --> 00:23:40,289
like, I don't care. I really
don't even quality doesn't

366
00:23:40,289 --> 00:23:43,769
matter to me from me from my
from my own stuff it does. But I

367
00:23:43,769 --> 00:23:45,959
think if there's an audience,
there's an audience now, is it

368
00:23:45,959 --> 00:23:48,749
worth $60? million? No, of
course not.

369
00:23:49,200 --> 00:23:51,840
very unlikely. But the point I'm
trying to make though is that

370
00:23:52,260 --> 00:23:56,130
they have that's their stable
now. That's their lineup of

371
00:23:56,130 --> 00:23:58,710
their big dog podcast that
they've had that they've got.

372
00:23:58,770 --> 00:24:01,410
No, that's their that's their
marketing budget. I don't think

373
00:24:01,410 --> 00:24:03,450
they gave they don't give a shit
about these people.

374
00:24:03,930 --> 00:24:06,600
Oh, no, no, no, no, that's what
I'm saying. They they don't they

375
00:24:06,600 --> 00:24:09,150
don't. But what they're doing is
they're building now they're

376
00:24:09,150 --> 00:24:14,310
building their brand on this
brand around around this. We

377
00:24:14,310 --> 00:24:17,550
didn't the F word. Exactly.
Exactly. They're building

378
00:24:17,550 --> 00:24:21,960
they're building an around a
very targeted because in here

379
00:24:21,960 --> 00:24:25,740
and here's the point. That's
probably the only thing that can

380
00:24:25,740 --> 00:24:29,490
make this probably the only
stable content they can take and

381
00:24:29,520 --> 00:24:34,260
maintain in the in the silo.
That makes money.

382
00:24:34,710 --> 00:24:37,020
Yes, very good. That's a good
point. That's a good point.

383
00:24:37,349 --> 00:24:41,969
Because you get brand brand
safety is boring. So you have to

384
00:24:41,969 --> 00:24:47,699
go extreme. You have to have
these edgy shows like this. And

385
00:24:47,729 --> 00:24:51,239
in order to maintain their
exclusivity, because they're the

386
00:24:51,239 --> 00:24:54,419
only ones whose followers are
dedicated enough to follow them

387
00:24:54,419 --> 00:24:57,269
to a new app and you saw it.
It's like, Oh, I'm gonna remind

388
00:24:57,269 --> 00:24:59,699
you free, free, free, you know,
it's free. It's free. It's free.

389
00:24:59,699 --> 00:25:03,389
She said Like 10 times, and we
know from the just break up,

390
00:25:03,779 --> 00:25:07,319
podcast when in when exclusive
and they did their little, hey,

391
00:25:07,319 --> 00:25:11,339
we're going to Spotify intros
for two months leading up to it.

392
00:25:12,449 --> 00:25:16,019
You know, remember that they had
sort of said that, hey, the

393
00:25:16,019 --> 00:25:19,829
Spotify eyes onboarding team
told us we need to emphasize

394
00:25:19,829 --> 00:25:22,859
that the app is free. You know,
they said that that was part of

395
00:25:22,859 --> 00:25:25,439
the gig that they got to tell
your audience is free, it's

396
00:25:25,439 --> 00:25:29,699
free, it's free. So there, they
have now, in my mind, they have

397
00:25:29,699 --> 00:25:35,369
now shrunk to the lowest common
denominator here. They they're

398
00:25:35,369 --> 00:25:38,639
going to get cheap audiences
that will only come if it's

399
00:25:38,639 --> 00:25:43,889
free. And using bargain basement
content.

400
00:25:45,030 --> 00:25:48,420
There's an interesting analog I
read yesterday about between

401
00:25:48,450 --> 00:25:54,750
podcasting and Bitcoin. And I
think it was the the coin desk

402
00:25:54,750 --> 00:25:56,490
update dead Lw everybody.

403
00:25:58,530 --> 00:25:59,250
And he said,

404
00:26:00,450 --> 00:26:05,280
what he what he found to be kind
of sad. And he reports on macro

405
00:26:05,280 --> 00:26:08,970
markets, but Bitcoin
specifically, this kind of

406
00:26:08,970 --> 00:26:15,990
stuff. He says, Bitcoin is sadly
moving from Gonzo, referring to

407
00:26:16,020 --> 00:26:21,150
Max Keiser to Goldman Sachs,
referring to, you know, the the

408
00:26:21,150 --> 00:26:25,560
big July, June 21 meeting or
whatever with Ilan and jack

409
00:26:25,560 --> 00:26:29,280
Dorsey and Kathy woods, and
everyone's getting together and

410
00:26:29,280 --> 00:26:33,330
their corporate tising. And so
that idea from Gonzo to Goldman

411
00:26:33,330 --> 00:26:37,200
Sachs, and I think it's a trap.
And podcasting definitely fell

412
00:26:37,200 --> 00:26:41,370
into it is the nature of Bitcoin
will not allow it to be Goldman

413
00:26:41,370 --> 00:26:46,440
Sachs defied I just it can't
actually happen with podcasting,

414
00:26:46,620 --> 00:26:51,030
the entire industry, and
including most of the people

415
00:26:51,030 --> 00:26:54,810
that that I know, became
corporate and comfortable,

416
00:26:54,870 --> 00:26:59,790
comfortably corporate. And, and
you know, and with corporate

417
00:26:59,790 --> 00:27:03,060
comes the whole infrastructure.
That's why you have meaningless

418
00:27:03,090 --> 00:27:07,350
award shows, and I don't want to
demean people celebrating

419
00:27:07,350 --> 00:27:10,050
creative content, but come on,
we all know how it works. We

420
00:27:10,050 --> 00:27:14,220
know who's invited, we know who
the sponsors are. I mean, it's

421
00:27:14,250 --> 00:27:18,450
the whole thing. Everything is
based around everybody trying to

422
00:27:18,450 --> 00:27:21,660
get a buck off of some
advertiser, even if you're just

423
00:27:21,660 --> 00:27:26,790
reporting on it. You're taking
advertising money from the

424
00:27:26,790 --> 00:27:28,650
people you're reporting on. I
mean, that's what the whole

425
00:27:28,650 --> 00:27:33,300
industry is. Whereas to me,
podcasting is you got something

426
00:27:33,300 --> 00:27:38,130
to say? You say it, if people
start to show up, you start to

427
00:27:38,130 --> 00:27:42,240
nurture that you build your
tribe, you start to cross over

428
00:27:42,240 --> 00:27:46,800
other people hear you. I think
it's still very valid to go on

429
00:27:46,800 --> 00:27:49,620
each other's podcasts. I think
that's one of the strongest,

430
00:27:50,520 --> 00:27:56,610
most effective things any, any
podcaster can do is if it's if

431
00:27:56,610 --> 00:28:00,390
it's appropriate for for your
format. But having another

432
00:28:00,390 --> 00:28:04,740
podcast or on in your genre as a
guest or someone as a guest, who

433
00:28:04,740 --> 00:28:08,370
also has a podcast is very
powerful. That's like the power

434
00:28:08,370 --> 00:28:10,770
of blog rolling. Now,

435
00:28:10,770 --> 00:28:12,660
Andy, go ahead,

436
00:28:12,720 --> 00:28:13,290
please.

437
00:28:13,680 --> 00:28:17,760
Speaking of Dave Jackson, you're
in your interview with him was

438
00:28:17,790 --> 00:28:20,640
fantastic. It was so much fun to
do that.

439
00:28:20,670 --> 00:28:24,360
And you know, and I realize,
yeah, it all came back was very

440
00:28:24,360 --> 00:28:27,420
comfortable speaking with Dave,
because we've we've talked a lot

441
00:28:27,930 --> 00:28:28,770
over the years.

442
00:28:29,190 --> 00:28:30,600
Yeah. And that guy's a good
interviewer.

443
00:28:31,140 --> 00:28:34,080
He is and he also knows the
questions to ask, he knows what.

444
00:28:34,680 --> 00:28:39,030
He knows his audience very well.
And I love that he just

445
00:28:39,060 --> 00:28:41,520
implement stuff. It's like,
Okay, I'm good. I'm gonna do

446
00:28:41,520 --> 00:28:45,360
this. And he's up and running.
Right. everything's working now.

447
00:28:45,360 --> 00:28:48,120
I think I boosted him. I know it
works. Yeah. From my end. Yeah.

448
00:28:48,120 --> 00:28:48,720
At least. Yeah.

449
00:28:49,140 --> 00:28:53,580
Now he's, he's up and running.
Yeah. And they love how he had

450
00:28:53,580 --> 00:28:57,930
never heard his show before. So
I love how except when it tested

451
00:28:57,930 --> 00:29:02,250
the other day. But I love how he
took what he had you as a guest.

452
00:29:02,250 --> 00:29:06,600
And then he said, here's how,
here's live. Listen to me, do

453
00:29:06,600 --> 00:29:11,070
this. And here's how here's why
I made these decisions. On where

454
00:29:11,070 --> 00:29:15,690
I placed the ad on here's how I
was able to sweeten the deal to

455
00:29:15,690 --> 00:29:20,100
make this guest Come on. I was I
did some research beforehand. I

456
00:29:20,100 --> 00:29:23,430
know he doesn't like this. I
know he does like to like this.

457
00:29:23,580 --> 00:29:26,130
And like, just went through the
whole process of how to get a

458
00:29:26,130 --> 00:29:30,360
guest on how to add an interview
on it was most top notch, man.

459
00:29:30,900 --> 00:29:32,730
Maybe he does that all the time.
And I'm just not, you know,

460
00:29:32,730 --> 00:29:34,650
listener of the show, and I
don't know, but that was that

461
00:29:34,650 --> 00:29:40,200
was high quality stuff. And he
gave me the ability to get to

462
00:29:40,950 --> 00:29:41,910
very nice ISOs

463
00:29:43,319 --> 00:29:46,079
ISOs Okay, he would be playing
these now. So

464
00:29:46,530 --> 00:29:47,760
Nelson to the industry.

465
00:29:48,089 --> 00:29:54,149
Well, and so this is just the
way the media landscape is and I

466
00:29:54,149 --> 00:29:57,629
think a lot of people aren't
seeing the forest for the trees.

467
00:29:58,469 --> 00:30:02,039
Everything is going down. All
the television numbers, your

468
00:30:02,039 --> 00:30:05,039
Hollywood is gone, it's gone.
It's now streaming app

469
00:30:05,039 --> 00:30:08,669
companies. And and they're going
to have their own challenges.

470
00:30:08,699 --> 00:30:12,689
None of them is profitable
peacock in context of NBC,

471
00:30:12,689 --> 00:30:15,959
Comcast, but you know, there's
there's a lot that still has to

472
00:30:15,959 --> 00:30:20,159
be built up and understood about
how audiences are interacting.

473
00:30:20,489 --> 00:30:24,629
And if I just look at my own
podcast, I know that there's

474
00:30:24,629 --> 00:30:27,659
people who listen on a variety
of apps. I know there's people

475
00:30:27,659 --> 00:30:30,179
who listen write in a web
browser, I mean, there's so it's

476
00:30:30,179 --> 00:30:33,599
all over the place. But it's,
it's a community, it's our

477
00:30:33,599 --> 00:30:37,589
community. And it's, it's never
going to be I just think the

478
00:30:37,589 --> 00:30:42,959
days of 100 million people
listening to one person are gone

479
00:30:42,959 --> 00:30:46,769
forever. That's the internet did
that to us. That's that was kind

480
00:30:46,769 --> 00:30:50,639
of the point. But we're still
somehow struggling to cobble it

481
00:30:50,639 --> 00:30:53,339
all together and say, Look, we
have a billion dollar industry

482
00:30:53,369 --> 00:30:56,849
bullshit. Everyone has little
pieces of it. And those little

483
00:30:56,849 --> 00:31:00,959
pieces, I think you're right,
will never add up to enough to

484
00:31:01,199 --> 00:31:05,969
make it viable for any large
corporation to put a lot of time

485
00:31:05,969 --> 00:31:10,049
and resources into it. I see
this with no agenda, social calm

486
00:31:10,049 --> 00:31:16,739
the mastodon server. So we get
up to like 20,000 members, and

487
00:31:16,739 --> 00:31:20,459
shit starts to Creek. And it's
not the technology. It's the

488
00:31:20,459 --> 00:31:24,239
amount of user support is the
amount of hand holding? I don't

489
00:31:24,239 --> 00:31:27,839
think the podcasting companies
that are in business today. I

490
00:31:27,839 --> 00:31:31,319
don't think they should really
want to be too big. It's no use,

491
00:31:31,349 --> 00:31:35,279
you have to spend, I don't know
their business Exactly. But I

492
00:31:35,279 --> 00:31:38,189
can only imagine how much extra
costs they've gotten just from

493
00:31:38,189 --> 00:31:41,639
having to take support calls
over misunderstanding why Apple

494
00:31:41,639 --> 00:31:46,709
isn't updating, you know, all of
this stuff. And so we locked

495
00:31:46,709 --> 00:31:49,949
down our mastodon at 20,000
said, Look, you can federate and

496
00:31:49,949 --> 00:31:53,099
you can still follow us and join
in. But we just can't do it. And

497
00:31:53,099 --> 00:31:57,299
it's not about money you can
never send in enough to I mean,

498
00:31:57,299 --> 00:32:00,659
do you know how many people
report stuff and have problems

499
00:32:00,659 --> 00:32:03,929
logging in and lost their two
factor authentication? No,

500
00:32:03,959 --> 00:32:06,269
actually, I don't have to ask
you, you know exactly what it

501
00:32:06,269 --> 00:32:09,239
is, with a fraction of that just
on podcast index.

502
00:32:10,380 --> 00:32:14,970
That was a that makes me think
that the Facebook thing that

503
00:32:14,970 --> 00:32:19,980
might, they might be pretty
strategic in what they're doing.

504
00:32:19,980 --> 00:32:23,400
Because it is so tribal in the
way they're doing it with that,

505
00:32:23,400 --> 00:32:26,130
you know, I don't like it. I
mean, I don't like the whole

506
00:32:26,130 --> 00:32:29,370
idea of centralized social media
that I mean, I hate that

507
00:32:29,370 --> 00:32:33,480
concept. But that regardless of
my own personal sensibilities

508
00:32:33,480 --> 00:32:38,040
about it, it may be a good, a
good idea for them to actually

509
00:32:38,040 --> 00:32:40,890
get in that game, because
they're already set up with sort

510
00:32:40,890 --> 00:32:43,500
of, what do you call them?
silos? siloed? communities,

511
00:32:43,500 --> 00:32:44,220
tribes? What?

512
00:32:45,000 --> 00:32:46,860
groups Facebook groups various
Yeah,

513
00:32:46,889 --> 00:32:50,639
and that kind of thing? Maybe
it's, it's a good entry point

514
00:32:50,639 --> 00:32:51,389
for them, if that's

515
00:32:51,390 --> 00:32:54,480
how they're building it. And I
have, I haven't seen it, I don't

516
00:32:54,630 --> 00:32:59,010
have Facebook anymore. I don't
care, either in this context, if

517
00:32:59,010 --> 00:33:02,160
they're doing it in the in a
group setting where, you know,

518
00:33:02,160 --> 00:33:05,700
that's kind of your pet tribe is
a good, good enough word. They

519
00:33:05,700 --> 00:33:07,860
could they could probably be
successful with that. But again,

520
00:33:07,860 --> 00:33:12,270
it's, it's a silo now, what we
want. Yeah, just to reiterate,

521
00:33:12,510 --> 00:33:16,320
we want to have comments at the
bare minimum comments that work

522
00:33:16,320 --> 00:33:21,990
between apps. If we do that,
game over, game over, everyone

523
00:33:21,990 --> 00:33:25,650
will go for that. What's the
status of the map to the matrix

524
00:33:25,680 --> 00:33:27,780
server idea? Do we ever follow
through on that

525
00:33:28,170 --> 00:33:30,450
long then I'm gonna do that
hopefully this weekend because

526
00:33:30,449 --> 00:33:33,389
what I've seen is when when you
set something up, shit starts to

527
00:33:33,389 --> 00:33:33,809
happen.

528
00:33:34,440 --> 00:33:41,160
Yeah, and I felt that too. It's
people people need this line,

529
00:33:41,160 --> 00:33:44,250
people need the okay to move
ahead and I can understand that

530
00:33:44,250 --> 00:33:48,690
of course, because you need
because what, we're all sort of

531
00:33:48,930 --> 00:33:52,140
a hive mind here and we're
trying to move together, move

532
00:33:52,140 --> 00:33:55,860
forward together. And so it
really needs somebody needs to

533
00:33:55,860 --> 00:33:57,960
say okay, here I'm going to do
this it doesn't always have to

534
00:33:57,960 --> 00:34:01,140
be made, you know, other people
do stuff but if you if somebody

535
00:34:01,140 --> 00:34:03,180
throws it out there says okay,
I'm going to take the ball and

536
00:34:03,180 --> 00:34:07,860
run with this thing. Then
everybody sort of squirrel goes

537
00:34:07,860 --> 00:34:11,100
in that direction. And that's a
good thing. So I think I need to

538
00:34:11,520 --> 00:34:15,630
fire that up because Roy ever
breeze paint him and I was like,

539
00:34:15,630 --> 00:34:19,560
Hey, are you you know, have you
done anything with matrix and he

540
00:34:19,560 --> 00:34:22,410
said no, not yet. And I said
well, I think I'm gonna go ahead

541
00:34:22,410 --> 00:34:25,380
and fire up a sir Good just good
luck with something good good.

542
00:34:25,440 --> 00:34:26,880
I'm sure he was on board with
that.

543
00:34:27,059 --> 00:34:31,139
Yeah, he said he said rock on
let's do it. And and that said

544
00:34:31,139 --> 00:34:37,679
that Well, before I get off that
off this play, Facebook podcast

545
00:34:37,709 --> 00:34:40,649
conspiracy, okay.

546
00:34:42,300 --> 00:34:45,660
So listeners will be able to
play a send Facebook, virtual

547
00:34:45,660 --> 00:34:48,510
currency. This was interesting.
They have a virtual currency

548
00:34:48,510 --> 00:34:54,570
stars. To creators in live audio
rooms is kind of Adam talking to

549
00:34:54,570 --> 00:34:57,690
you here. Zuckerberg said his
company will not take a cut on

550
00:34:57,690 --> 00:35:01,980
the creator revenue until 2023.
So there's some kind of virtual

551
00:35:01,980 --> 00:35:07,260
currency called stars. On
podcast 2.0. You said what?

552
00:35:07,500 --> 00:35:14,640
sets? Right? sets? Yeah. This is
the same letters B with those

553
00:35:14,670 --> 00:35:18,420
same letters with an R. R stands
for ripoff, by the way, just

554
00:35:18,420 --> 00:35:22,140
that point. This is stars. If
you kind of twist around the

555
00:35:22,140 --> 00:35:25,380
letters, it's SATs. Same thing
that Curry is working on, don't

556
00:35:25,380 --> 00:35:25,950
you think?

557
00:35:26,489 --> 00:35:27,989
What was devore? x answer?

558
00:35:29,400 --> 00:35:30,720
He's like, Yeah, Yeah,

559
00:35:30,750 --> 00:35:37,890
Yeah, probably. Yeah, exactly.
Yeah. Well, it's funny stars has

560
00:35:37,890 --> 00:35:41,400
been around for a while. And
that's their little point

561
00:35:41,400 --> 00:35:41,940
system.

562
00:35:42,330 --> 00:35:47,640
But so this, this whole idea of
collectively moving in a

563
00:35:47,640 --> 00:35:53,610
direction? The my biggest gripe
this week, is that this was the

564
00:35:53,610 --> 00:35:58,020
week for everybody to pull out
their various versions on social

565
00:35:58,020 --> 00:36:03,210
media. Have will, nobody's
implemented it yet. So we're not

566
00:36:03,210 --> 00:36:07,320
going to do it. That like that.
Oh, yeah. I

567
00:36:07,320 --> 00:36:10,080
saw a couple of these. Yeah,
yeah. That's the fetus. That's

568
00:36:10,080 --> 00:36:10,560
double

569
00:36:10,830 --> 00:36:15,150
this. Okay. So simple cast,
responded evidence, basically

570
00:36:15,150 --> 00:36:19,110
with the exactly the same
wording to Stephen B. And to

571
00:36:19,110 --> 00:36:23,550
Dred Scott who both to ping them
asking them to support a certain

572
00:36:23,550 --> 00:36:28,890
podcast in 2.0 namespace
feature. And they replied with

573
00:36:28,920 --> 00:36:31,710
this, pretty much the exact
wording we do not currently

574
00:36:31,710 --> 00:36:35,310
support podcasting 2.0
namespace, mainly because it has

575
00:36:35,310 --> 00:36:39,420
yet to be adopted by any of the
major listening apps. Number

576
00:36:39,420 --> 00:36:40,290
one, that's not true.

577
00:36:40,320 --> 00:36:44,220
No, B is completely untrue.
overcast is in the group.

578
00:36:45,060 --> 00:36:47,970
Well, overcast is doing
implementation now. But podcast

579
00:36:47,970 --> 00:36:51,000
attic, which has almost the same
amount of market share is

580
00:36:51,000 --> 00:36:56,220
overcast. They he has, Xavier
has already implemented about

581
00:36:56,220 --> 00:37:00,960
four of the features. Yeah. And
so that that's on the face of it

582
00:37:00,960 --> 00:37:05,190
is not even true. But more you
know, more importantly, that's

583
00:37:05,190 --> 00:37:11,700
not how any of this ever gets
done. like nobody asks, nobody

584
00:37:11,700 --> 00:37:18,750
waits for, for another person to
implement something before they

585
00:37:18,750 --> 00:37:23,550
implement something, or nothing
ever gets done. Because that is

586
00:37:23,550 --> 00:37:27,330
circular reasoning. And if
everybody waited for everybody

587
00:37:27,330 --> 00:37:30,420
else to do things before they
did things didn't, nobody would

588
00:37:30,420 --> 00:37:32,910
do anything. And we don't just
sit here and stare at each

589
00:37:32,910 --> 00:37:38,100
other. And so the the idea is
the way you know, the way open,

590
00:37:38,580 --> 00:37:44,430
decentralized processes work,
which RSS is the granddaddy of,

591
00:37:44,790 --> 00:37:48,780
you know is in is in the in the
cloud, the way that these things

592
00:37:48,780 --> 00:37:54,720
move forward, is that somebody
has a good idea. They, they

593
00:37:54,720 --> 00:37:59,730
write up the spec and the
framework for it. They, they

594
00:37:59,790 --> 00:38:02,550
they do some reference
implementations to show how it

595
00:38:02,550 --> 00:38:06,480
works and to show, you know, the
benefits of it. And then they

596
00:38:06,540 --> 00:38:10,740
evangelize it. And they convince
other people that it's good

597
00:38:10,740 --> 00:38:13,410
enough that they should spend
their developer time getting

598
00:38:13,440 --> 00:38:14,820
getting on board with it as
well.

599
00:38:15,120 --> 00:38:19,920
What I mean the irksome part of
that answer is first of all,

600
00:38:19,920 --> 00:38:24,720
here's two of your customers.
Stephen and who was the other

601
00:38:24,720 --> 00:38:30,480
one? Grab, grab Scott, two of
your customers who you're saying

602
00:38:30,480 --> 00:38:33,960
no to Okay, that's that's a
business decision. But the thing

603
00:38:33,960 --> 00:38:39,540
that irks me is, none of the big
apps have implemented it. Okay.

604
00:38:39,780 --> 00:38:43,530
So, and by the way, I respect
that and, and I know a lot of

605
00:38:43,530 --> 00:38:47,460
time goes into doing new
releases and features, etc. But

606
00:38:47,460 --> 00:38:51,180
that answer shows me that you
just just want people to ride

607
00:38:51,180 --> 00:38:55,470
right by you. And that's, that's
IBM saying, okay, cute, that

608
00:38:55,470 --> 00:38:59,310
little personal computer.
That'll never be anything that

609
00:38:59,310 --> 00:39:00,840
that's what that sounds like, to
me.

610
00:39:03,180 --> 00:39:06,870
It's indicative of a bigger
issue, where people have

611
00:39:06,870 --> 00:39:11,100
forgotten where the stuff that
we have came from. And it's,

612
00:39:11,160 --> 00:39:17,250
it's the same you see this in,
in art, and jingles and things

613
00:39:17,250 --> 00:39:20,040
like that, which would, you
know, is isn't is an art form.

614
00:39:20,490 --> 00:39:23,940
You see this in all these
creative works that appear on

615
00:39:23,940 --> 00:39:27,000
the internet, the internet has
cheapened things to this to this

616
00:39:27,000 --> 00:39:34,380
to the point where I think a lot
of people don't consider that

617
00:39:34,380 --> 00:39:38,910
they were actually created by
human beings. Like you can

618
00:39:38,910 --> 00:39:43,170
browse the internet for, you
know, a couple of hours. And

619
00:39:43,170 --> 00:39:51,210
you're seeing 1000s and 1000s of
pieces of art or artwork, that

620
00:39:51,420 --> 00:39:54,180
even even small little snippets
of web pages that have been

621
00:39:54,180 --> 00:39:58,080
stitched together to make
something look beautiful sounds

622
00:39:58,110 --> 00:40:01,860
video pieces of video. You're
seeing All of this content, in

623
00:40:01,860 --> 00:40:05,280
every single bit of that
content, every bit of it was

624
00:40:05,280 --> 00:40:10,740
created by a human being in some
shape or form or fashion. And we

625
00:40:11,160 --> 00:40:15,480
have been desensitized to that,
to the standpoint, to the point

626
00:40:15,480 --> 00:40:19,350
where we think that this stuff
just sort of spontaneously

627
00:40:19,350 --> 00:40:22,740
generates. It just happens, like
the internet, like it's

628
00:40:22,740 --> 00:40:27,540
evolution, you know, like, well,
it's the internet just creates

629
00:40:27,540 --> 00:40:31,980
this crap for us. But that's not
what happens. The way industries

630
00:40:31,980 --> 00:40:37,320
move forward and advance is by
people doing things. We do

631
00:40:37,320 --> 00:40:40,920
something over here, then an app
does something over there, then

632
00:40:40,920 --> 00:40:44,310
a hosted hosting company does
something over there. And we all

633
00:40:45,000 --> 00:40:48,810
connect, we interconnect.
Remember, the first law of rules

634
00:40:48,810 --> 00:40:52,440
for standard makers, we is
interop is all that matters, we

635
00:40:52,440 --> 00:40:56,610
all interrupt together. And
advancement takes place in the

636
00:40:56,610 --> 00:41:00,270
industry moves forward one
notch. That's how it happens. It

637
00:41:00,270 --> 00:41:04,590
doesn't happen through everybody
sitting back and looking at the

638
00:41:04,590 --> 00:41:07,620
tube at two big corporations and
saying, Man, I wish they would

639
00:41:07,620 --> 00:41:12,270
do something. Nothing is ever
going to happen that way. It's

640
00:41:12,270 --> 00:41:17,160
not in in the hosting companies
have that have adopted podcast,

641
00:41:17,160 --> 00:41:20,730
podcasting, the podcast
namespace, those hosting

642
00:41:20,730 --> 00:41:25,290
companies are using it today as
a selling advantage to get more

643
00:41:25,290 --> 00:41:26,280
customers. Yeah.

644
00:41:27,600 --> 00:41:28,680
Yeah, exactly.

645
00:41:30,000 --> 00:41:33,900
Other hosts need to understand
that if you if you're waiting,

646
00:41:33,960 --> 00:41:36,240
if you're waiting, is all of a
sudden you're gonna wake up and

647
00:41:36,240 --> 00:41:38,400
people are leaving and you're
gonna be behind the eight ball.

648
00:41:38,700 --> 00:41:44,160
You're gonna get your ass
kicked. Yeah, that's that's just

649
00:41:44,160 --> 00:41:51,000
that's that that whole argument
is complete. It shows a broader

650
00:41:51,420 --> 00:41:55,110
what you know what it says? It
says that, it tells me that the

651
00:41:55,110 --> 00:41:59,640
podcast industry is a group of
people that have been

652
00:41:59,640 --> 00:42:02,550
conditioned to think of
themselves as observers and not

653
00:42:02,550 --> 00:42:04,470
participants, and some

654
00:42:05,520 --> 00:42:10,710
subjective subjective to other
forces to them. And they,

655
00:42:11,220 --> 00:42:14,100
they are they are people in the
podcasting industry. I'm talking

656
00:42:14,100 --> 00:42:16,560
about the people in the podcast
industry, because it's all

657
00:42:16,560 --> 00:42:20,100
native people, the people in the
podcast industry, look at

658
00:42:20,100 --> 00:42:24,420
themselves as, as thing as
people that things happen to,

659
00:42:24,660 --> 00:42:27,360
instead of people that go and do
things themselves.

660
00:42:27,420 --> 00:42:30,870
Wow. That's a very that's, it's
and it's interesting in that

661
00:42:30,870 --> 00:42:35,250
context that coming out of
France, we got cast upon, you'd

662
00:42:35,250 --> 00:42:37,860
expect the socialist to be the
laziest people ever, but to

663
00:42:37,860 --> 00:42:43,920
actually have way ahead of the
game, I'd say exactly. Speaking

664
00:42:43,920 --> 00:42:46,710
of any progress, I know you got
a lot of your plate, but any

665
00:42:46,710 --> 00:42:48,720
progress on on our install.

666
00:42:49,110 --> 00:42:53,520
Well, I went to important the
feed, and it broke. So

667
00:42:54,540 --> 00:42:57,840
everything, it just bombed out.
There's something wrong. So

668
00:42:58,020 --> 00:43:00,360
Ben's looking at it. Okay, he's
gonna he's gonna let me know.

669
00:43:00,420 --> 00:43:02,040
That's why it's beta. That's
cool.

670
00:43:02,910 --> 00:43:03,720
No, it's alpha.

671
00:43:07,110 --> 00:43:15,090
It's beta. But that's why in
France, that's alpha. Oh, I

672
00:43:15,090 --> 00:43:19,530
heard something on the thing was
pod news that Stacy from NPR is

673
00:43:19,530 --> 00:43:20,430
going to anchor?

674
00:43:21,420 --> 00:43:24,120
Yes. you'd actually told me that
in an email a couple of weeks

675
00:43:24,120 --> 00:43:24,540
ago. Well,

676
00:43:24,540 --> 00:43:26,430
thanks for the Thanks for
letting me know.

677
00:43:27,360 --> 00:43:30,420
Well, I was I didn't know if I
supposed to say anything. So

678
00:43:30,480 --> 00:43:35,550
okay, she cuz I emailed her
about something. And she said,

679
00:43:35,760 --> 00:43:39,030
Well, you know, I'm not gonna,
I'm actually leaving. But she's

680
00:43:39,030 --> 00:43:41,490
going to a cast, which is good.
That's good for a cast.

681
00:43:41,820 --> 00:43:44,730
What doesn't that mean that she
can nudge them about a couple of

682
00:43:44,730 --> 00:43:45,270
things?

683
00:43:45,630 --> 00:43:49,290
Yeah, hope so. That would be
great. Because a cast has given

684
00:43:49,290 --> 00:43:52,980
us the cold shoulder to so they
need to stay at stake. We got

685
00:43:52,980 --> 00:43:55,800
it. We got the we got somebody
on the inside. Yeah,

686
00:43:55,860 --> 00:43:59,310
yeah. We got a shill this year.
Yeah, we got a show on the

687
00:43:59,310 --> 00:44:04,710
inside. Okay. No, no. No, I have
a question. for about a week

688
00:44:04,710 --> 00:44:08,550
now. I've been trying to
understand what's going on.

689
00:44:08,550 --> 00:44:12,450
Could you please explain to me
what the heck are Brian of

690
00:44:12,450 --> 00:44:17,040
London and Alex gates. What are
they doing? And why are they

691
00:44:17,040 --> 00:44:20,940
vomiting it on my feed all day
long? What is happening? What is

692
00:44:20,940 --> 00:44:25,020
the and it looks like? I mean
just is it looks like something

693
00:44:25,020 --> 00:44:30,210
with pod Ping. It looks like
something that is part of the

694
00:44:30,210 --> 00:44:35,370
structure of hive. And Brian is
championing everything in fixing

695
00:44:35,370 --> 00:44:39,270
stuff on the fly with baling
wire and chewing gum. And then

696
00:44:39,270 --> 00:44:42,210
Alex gates looks at it and says
Dude, that's baling wire and

697
00:44:42,210 --> 00:44:45,330
chewing gum. Let me add some
paper clips. And then they wrap

698
00:44:45,330 --> 00:44:48,000
it up with some gaffer tape and
then they argue about it. What's

699
00:44:48,000 --> 00:44:48,690
going on.

700
00:44:50,699 --> 00:44:53,189
That's why do you need me to
explain it?

701
00:44:54,690 --> 00:44:57,780
Well, and then all sudden, like
we need a server like Hold on a

702
00:44:57,780 --> 00:44:58,710
sec. What's going on?

703
00:45:00,000 --> 00:45:04,170
$250 months. Oh, wait, wait,
wait, wait, wait, no, no, it's

704
00:45:04,200 --> 00:45:09,240
it's, he pretty much summed it
up. So what what happened last

705
00:45:09,240 --> 00:45:13,080
week, or last weekend, I think I
think it was maybe Saturday of

706
00:45:13,080 --> 00:45:20,520
last weekend. pod paying broke.
And so what happened was, I said

707
00:45:20,520 --> 00:45:24,780
piping consists of two main
parts on the, on the central OS

708
00:45:24,780 --> 00:45:30,390
part of it. There's a web front
end that accepts HTTP requests.

709
00:45:30,720 --> 00:45:36,720
And then there's the hive
writer, which takes the URLs

710
00:45:36,720 --> 00:45:40,650
that come in and writes them
onto the hive blockchain.

711
00:45:40,679 --> 00:45:41,489
Okay, got it.

712
00:45:42,600 --> 00:45:46,200
And so there's the two pieces
are interconnected through a

713
00:45:46,740 --> 00:45:52,500
through a socket. So the it's
called a z mq or 00 q socket

714
00:45:52,500 --> 00:45:56,370
zero mq socket. I think it
stands for zero managed key or

715
00:45:56,370 --> 00:46:00,840
something. So it's a special
type of socket, where so

716
00:46:01,410 --> 00:46:07,350
blueberry would send a URL
notification to pod pain,

717
00:46:07,950 --> 00:46:13,140
piping, gets it can talk sends
it over the socket to the hive

718
00:46:13,140 --> 00:46:18,870
writer. What was and typically
what happens is, if the hive

719
00:46:18,870 --> 00:46:27,300
writer is alive and responding,
then the front end will take the

720
00:46:27,300 --> 00:46:30,960
URL and discard it from the
queue. So it just forgets it.

721
00:46:31,020 --> 00:46:33,750
It's like, okay, I handed it off
to the hive writer. I've read

722
00:46:33,750 --> 00:46:37,980
her it's your nag is your baby.
Now your responsibility under so

723
00:46:37,980 --> 00:46:42,090
it takes it out of the queue.
What was happening last

724
00:46:42,090 --> 00:46:45,750
Saturday, was that the hive
writer started throwing some

725
00:46:45,750 --> 00:46:51,600
weird error. And it was like the
user that you're posting with

726
00:46:51,600 --> 00:46:54,360
does not have posting authority.

727
00:46:55,500 --> 00:46:58,680
High Power high wages.

728
00:47:03,090 --> 00:47:08,580
you've exhausted your hive. And
you're now have you're now up

729
00:47:08,580 --> 00:47:12,150
the creek like you. You can't do
you can't post Okay, you can't

730
00:47:12,150 --> 00:47:16,320
post Yeah. And so, and I had
been doing this for like six

731
00:47:16,320 --> 00:47:21,180
hours. Oops. And normally, what
you would expect with would be

732
00:47:21,180 --> 00:47:24,000
that the front end would be
saying okay, well, nothing, you

733
00:47:24,000 --> 00:47:26,640
know, it's not working. So I'm
hanging on to these. I'm gonna

734
00:47:26,640 --> 00:47:27,210
keep trying.

735
00:47:27,239 --> 00:47:29,159
Oh, it was going poof, poof,
poof, poof, poof,

736
00:47:30,000 --> 00:47:33,300
gone away? Oh, yes. It was
smoking every one of them. And

737
00:47:33,450 --> 00:47:38,010
the so because the hive writer
only hands back. Okay. It

738
00:47:38,010 --> 00:47:41,250
doesn't actually hand back an
error message. So this has been

739
00:47:41,520 --> 00:47:45,870
the discussion since then is
should a few things should

740
00:47:45,930 --> 00:47:49,770
number one, why did it happen to
be in the first place? That's

741
00:47:49,770 --> 00:47:53,880
what Brian has been on. Ron was
very concerned about this thing.

742
00:47:54,540 --> 00:48:00,720
And sure, and rightly so. And so
he is, he's been on a mission to

743
00:48:00,720 --> 00:48:05,610
try to figure out talking to
developers, why it happened. And

744
00:48:05,610 --> 00:48:09,450
then how to finish re
engineering the hive writer so

745
00:48:09,450 --> 00:48:14,610
that it is resilient to this
thing. There's a couple of ways

746
00:48:14,610 --> 00:48:18,270
you could think that this would
go. You could say well, the hive

747
00:48:18,270 --> 00:48:22,080
writer if he if it fails to
write a URL to the blockchain

748
00:48:22,110 --> 00:48:26,010
cache, it shouldn't, he should
respond until the front end,

749
00:48:26,010 --> 00:48:33,420
right? Err, I don't I personally
don't like that. To me, each

750
00:48:33,420 --> 00:48:37,170
piece of the puzzle needs to be
completely independent in

751
00:48:37,200 --> 00:48:39,630
eponymous where it can handle
its own failures.

752
00:48:39,840 --> 00:48:44,580
Right so so it should it should
maybe report back something but

753
00:48:44,580 --> 00:48:48,330
I got it I've saved it as soon
as I get my oats back my old

754
00:48:48,330 --> 00:48:53,460
power wheelies then I can then
I'll post it.

755
00:48:54,179 --> 00:48:58,979
Right so you haven't you you
have to think what do I want?

756
00:48:59,279 --> 00:49:04,709
When the front end and off a URL
to the hive writer right? What

757
00:49:04,709 --> 00:49:08,879
do you want the response to
mean? Does it when you sit when

758
00:49:08,879 --> 00:49:12,329
there if the response is okay,
does that mean okay I got it or

759
00:49:12,329 --> 00:49:15,929
does that mean okay i did with
it what I what I wanted to do

760
00:49:15,929 --> 00:49:16,259
with it

761
00:49:16,290 --> 00:49:20,460
not everyone knows what the note
it should always be abort retry

762
00:49:20,460 --> 00:49:21,030
fail,

763
00:49:21,780 --> 00:49:28,440
enhance zoom read it and it just
it should just respond back. No,

764
00:49:28,500 --> 00:49:32,370
no more oatmilk or whatever. So
it is like what do you want it

765
00:49:32,370 --> 00:49:38,880
to do? Do you want that and air
that message to indicate fail I

766
00:49:38,880 --> 00:49:44,100
failed to do my part or failed
or you or something went wrong

767
00:49:44,100 --> 00:49:48,300
with trying to do your part
right? And I think personally my

768
00:49:48,330 --> 00:49:53,490
my feeling is each that that
okay or error, error message in

769
00:49:53,490 --> 00:49:58,830
the handle to just mean Okay, I
got it. I got what you sent sent

770
00:49:58,830 --> 00:50:02,610
me because that's All the front
end is responsible for anyway,

771
00:50:02,610 --> 00:50:05,430
is I just gonna have to get this
information to you now what you

772
00:50:05,430 --> 00:50:08,700
do with it and ultimately what
happens to it after that I don't

773
00:50:08,700 --> 00:50:12,840
want to be responsible for. So
that's what, that's what Ron's

774
00:50:12,840 --> 00:50:15,600
trying to figure out that and

775
00:50:16,859 --> 00:50:21,689
so do we know. And that may
actually belong on a GitHub that

776
00:50:21,689 --> 00:50:24,479
drawn out technical
conversation. I'm just, I mean,

777
00:50:24,719 --> 00:50:28,559
I almost like, I really want to
just mute but I don't. I'm

778
00:50:28,559 --> 00:50:32,099
missing other stuff. You know,
it's just too much like all, I

779
00:50:32,099 --> 00:50:34,799
don't want to complain, because
I thought about it. You know,

780
00:50:34,829 --> 00:50:37,109
it's what it is, it's organic,
we'll just see, we'll see what

781
00:50:37,109 --> 00:50:42,299
happens. But do we know the
actual cause of the failure? Do

782
00:50:42,299 --> 00:50:44,039
we know what the issue was?

783
00:50:47,190 --> 00:50:54,030
When Brian says that he knows
what it was. But I'm not sure

784
00:50:54,030 --> 00:50:58,170
that me or Alice understand what
he does, he hasn't translated it

785
00:50:58,170 --> 00:51:01,470
into non hive. So we don't
understand exactly what that

786
00:51:01,560 --> 00:51:06,810
what that means. Okay. And, and
he's, he's being responsible, in

787
00:51:06,810 --> 00:51:09,090
the end, trying to figure out,
Okay, how to, I just want to

788
00:51:09,090 --> 00:51:13,650
make sure this thing never
happens again. Sure. And my

789
00:51:13,650 --> 00:51:20,160
recommendation was, okay, if the
failures happen on the, on the

790
00:51:20,160 --> 00:51:25,410
posting side, that's fine. The
way, the way that you need to

791
00:51:25,410 --> 00:51:32,010
combat that is, is through
persistence. So when, when so

792
00:51:32,010 --> 00:51:34,410
and the way this was all
developed was I wrote the front

793
00:51:34,410 --> 00:51:38,910
end, and Brian wrote the back
end, and then Alex gave him a

794
00:51:38,910 --> 00:51:42,630
lot of help to help him
structure is Python, and he's

795
00:51:42,630 --> 00:51:45,990
gotten the rising and stuff. So
Alice is playing a real

796
00:51:45,990 --> 00:51:48,360
consultant role, which is what
he's fantastic. That's

797
00:51:48,359 --> 00:51:52,439
fantastic to watch. He's also
that he's like the Soup Nazi of

798
00:51:52,439 --> 00:51:53,279
consultants.

799
00:51:55,920 --> 00:51:58,950
No code for you. You can tell
he's been a consultant for

800
00:52:00,060 --> 00:52:02,520
something to say, This is stupid
stuff.

801
00:52:04,830 --> 00:52:08,040
That part I kind of enjoy. I
kind of enjoyed the back and

802
00:52:08,040 --> 00:52:13,170
forth. It's quite a drama that's
unfolding. So just just to wind

803
00:52:13,170 --> 00:52:16,410
this, and by the way, I love
that the doing this, obviously,

804
00:52:16,410 --> 00:52:21,840
is very important. What, anyone
who hasn't seen it yet go to pod

805
00:52:21,900 --> 00:52:25,710
pod ping dot watch. And just
see, everything comes through

806
00:52:25,770 --> 00:52:29,760
podcasts updating in real time.
And know that that's powered by

807
00:52:29,760 --> 00:52:36,060
oats. What was the server for?
Why did we need another server?

808
00:52:36,480 --> 00:52:39,660
That's like the Belgian
screwdriver, like, just hammer

809
00:52:39,660 --> 00:52:41,400
it? Was it throw more iron at
it?

810
00:52:43,350 --> 00:52:46,530
That's that's, well, that's the
idea that will you know, when

811
00:52:46,560 --> 00:52:51,150
one day we may need or our own
API, how they Oh, okay. We

812
00:52:51,150 --> 00:52:52,320
should be a participant in this.

813
00:52:52,469 --> 00:52:55,739
Oh, I see. I see. Okay. Yeah,
it's probably it's probably a

814
00:52:55,739 --> 00:52:59,699
good idea. Yes. Right. But are
you telling me that I'm running

815
00:53:00,089 --> 00:53:04,139
a part of the world's reserve
currency Bitcoin on a Raspberry

816
00:53:04,139 --> 00:53:06,989
Pi, but hive needs $150 a

817
00:53:06,990 --> 00:53:11,040
month server? Oh, four terabytes
of disk space is what it was,

818
00:53:11,520 --> 00:53:15,030
again, like, four cores or some
crap like that? Yeah, no,

819
00:53:15,030 --> 00:53:17,610
really? Oh, it gets a bit deep.
So

820
00:53:17,609 --> 00:53:20,369
do you actually, are you mining
high while you're participating

821
00:53:20,369 --> 00:53:21,389
in the network? Or?

822
00:53:22,020 --> 00:53:25,710
I don't know. You may you may be
contributing to global warming.

823
00:53:25,740 --> 00:53:30,000
Yes. Maybe contributing to, to
El Salvador's volcanic activity

824
00:53:30,000 --> 00:53:30,570
with this thing.

825
00:53:30,719 --> 00:53:34,529
Holy crap. That's great. All
right. Cool. Well, thank you. So

826
00:53:34,529 --> 00:53:37,859
I kind of knew what was going
on. So but everything's working,

827
00:53:37,859 --> 00:53:41,099
we're just trying to mitigate
that and fortify and make it

828
00:53:41,099 --> 00:53:44,309
better and make it bulletproof.
And, and understand where we may

829
00:53:44,309 --> 00:53:45,059
go in the future.

830
00:53:45,360 --> 00:53:50,400
So Brian said that, I think what
he said, If I can understand

831
00:53:50,400 --> 00:53:57,570
bronze speak, is that one of the
the API server that he was using

832
00:53:58,050 --> 00:54:03,180
for posting freaked out in some
way. And his algorithm for

833
00:54:03,180 --> 00:54:07,950
choosing a backup for failing
over was not was not good. So it

834
00:54:07,950 --> 00:54:13,230
just stuck. And so I think, I
think it's an easy fix. So okay,

835
00:54:13,320 --> 00:54:19,800
famous last word. Okay. And it's
always dangerous to interpret

836
00:54:19,800 --> 00:54:23,040
brawn of London and try to
communicate him his intent to

837
00:54:23,040 --> 00:54:25,560
other people. So I'm that's got
to be a caveat here

838
00:54:26,670 --> 00:54:31,470
is a beautiful guy. I love the
enthusiasm. And he reminds me a

839
00:54:31,470 --> 00:54:34,140
lot of young Adam before I gave
up and said, I really can't

840
00:54:34,140 --> 00:54:37,530
code. I really have no business
to do this.

841
00:54:38,160 --> 00:54:41,910
He can code he's he's been out
of the game for so long. He's

842
00:54:41,910 --> 00:54:43,950
having to catch up. Yeah, sure.

843
00:54:44,250 --> 00:54:49,440
Now speaking of such it is my
understanding that we discovered

844
00:54:49,440 --> 00:54:51,510
the source of the 502 errors.

845
00:54:53,250 --> 00:54:54,270
Oh, you Tom that Eric.

846
00:54:54,719 --> 00:54:59,129
Well, was it was it a 502 error
that was showing up on our on

847
00:54:59,129 --> 00:55:02,309
our on our AP And that was
something that was happening in

848
00:55:02,309 --> 00:55:04,439
the background that Aaron's
working on?

849
00:55:04,739 --> 00:55:06,149
Well, no. Okay, so you're

850
00:55:06,960 --> 00:55:09,330
conflating two things to five
oh, twos.

851
00:55:10,860 --> 00:55:16,650
There's the, there's the 502
we're off off in the weeds here.

852
00:55:16,770 --> 00:55:19,560
Um, I feel like we're gonna have
to play a clip here something to

853
00:55:19,560 --> 00:55:25,020
break this crap up. But 502 on
Eric's side for the image

854
00:55:25,020 --> 00:55:29,010
server. And so he said that he
found that issue and it was

855
00:55:29,010 --> 00:55:30,840
something with the way he was
handling.

856
00:55:31,319 --> 00:55:34,169
He's not typically like a 502
would be returned from

857
00:55:34,169 --> 00:55:36,659
CloudFlare is not where you get
the 502. From?

858
00:55:36,929 --> 00:55:40,079
Will any any HTTP server gonna
return a public service

859
00:55:40,079 --> 00:55:40,979
unavailable? For some?

860
00:55:41,039 --> 00:55:43,559
I thought was it service or
gateway? I always thought it was

861
00:55:43,559 --> 00:55:44,519
gateway could be

862
00:55:44,819 --> 00:55:47,009
gateway, some, something like
that. It's probably there's

863
00:55:47,009 --> 00:55:49,529
probably a reverse proxy on
dreamhost. side, so it's

864
00:55:49,529 --> 00:55:52,469
probably just okay. It's, it's
miscommunicating. They're back

865
00:55:52,469 --> 00:55:55,649
to you. Yeah. So the origin
servers failing for some reason,

866
00:55:55,649 --> 00:56:00,119
and it comes through as a follow
to date. On our side. I think I

867
00:56:00,119 --> 00:56:05,819
figured out what our issue was.
And this is a this is something

868
00:56:05,819 --> 00:56:14,099
we can talk about, which is the
tracking URL now. So we, we've

869
00:56:14,099 --> 00:56:18,449
had various people like Mitch
and john Spurlock and others,

870
00:56:18,959 --> 00:56:23,579
from time to time want to track
what's going on in our database.

871
00:56:24,239 --> 00:56:28,439
So they just want to sit back as
a third party and and just use

872
00:56:28,439 --> 00:56:31,709
us as essentially the
aggregator. And they just want

873
00:56:31,709 --> 00:56:35,009
to say, Okay, let me know when
something changes. And I'll just

874
00:56:35,009 --> 00:56:37,049
follow along right with you.
This

875
00:56:37,050 --> 00:56:38,460
is the new items feed.

876
00:56:38,969 --> 00:56:42,059
Yeah, yeah. Like, and so there's
a whole batch of, of different

877
00:56:42,059 --> 00:56:44,099
endpoints accomplished this.

878
00:56:45,090 --> 00:56:46,410
can already guess what happened?

879
00:56:47,280 --> 00:56:48,750
Oh, I would like to hear your
get

880
00:56:48,960 --> 00:56:52,440
someone like me built an app
that checks every 15 seconds.

881
00:56:54,929 --> 00:57:01,139
That's a great guess. But no.
The so there's a there's a few

882
00:57:01,139 --> 00:57:04,199
of these endpoints. There's a
reason. And these are great.

883
00:57:04,319 --> 00:57:07,049
You're gonna love this. There's
a recent feeds endpoint. And

884
00:57:07,049 --> 00:57:12,389
there's a feeds recent endpoint.
Recent podcast recent, okay. Oh,

885
00:57:12,389 --> 00:57:14,489
yeah. Yeah, actually,
essentially, there's a recent

886
00:57:14,489 --> 00:57:18,959
podcast and a podcast recently,
though, and that's dumb. But

887
00:57:18,959 --> 00:57:22,229
anyway, it just like side effect
of how this thing evolved over

888
00:57:22,229 --> 00:57:31,259
time. And the reason feeds in
point, it tells you every time a

889
00:57:31,259 --> 00:57:34,559
feed updates, the recent
episodes in point as you to

890
00:57:34,559 --> 00:57:46,529
every every new episode, these
were, these are okay, but there

891
00:57:46,529 --> 00:57:49,319
was somebody else, another
person that I've been talking to

892
00:57:49,649 --> 00:57:54,029
over email that needed sort of
all that into one thing in one

893
00:57:54,029 --> 00:57:58,889
block of data. They wanted feeds
in episodes all in one blob.

894
00:57:59,519 --> 00:58:03,329
Okay, so I started working on a
on a, on a new endpoint, or

895
00:58:03,329 --> 00:58:09,029
recent in his recent slash data.
If you call the recent data

896
00:58:09,029 --> 00:58:13,259
endpoint, you get that blob
back, and it's got feeds and

897
00:58:13,259 --> 00:58:20,219
episodes all in one batch. It's
a heavy database call. So

898
00:58:21,419 --> 00:58:23,849
because it keys on the items
table, which is very where the

899
00:58:23,849 --> 00:58:29,129
episodes are stored. It's a
heavy call. And so it's hard to

900
00:58:29,519 --> 00:58:32,699
get, it's hard to do a lot of
filtering and that kind of stuff

901
00:58:32,699 --> 00:58:35,789
on it. So it's really just a raw
call, you just call reason data,

902
00:58:35,939 --> 00:58:42,569
you get the full fire hose. And
I created the endpoint, and

903
00:58:42,569 --> 00:58:45,899
rolled it out to Mitch and john.
And they were testing it. And it

904
00:58:45,899 --> 00:58:53,489
was giving father to errors
about once. Once every so often

905
00:58:53,519 --> 00:58:56,339
interval, I don't even know how
often it means like once every

906
00:58:56,699 --> 00:59:02,459
30 minutes to an hour, maybe it
was very random. And I could not

907
00:59:02,459 --> 00:59:06,179
find any logging that supported
what it was showing me what was

908
00:59:06,179 --> 00:59:11,789
happening initially. So I think
I thought I found finally

909
00:59:11,789 --> 00:59:17,219
figured out by looking at
CloudFlare. The way we have our

910
00:59:17,429 --> 00:59:21,869
in our two front end API server
set up is there's an API one and

911
00:59:21,869 --> 00:59:27,989
API two, and their DNS Round
Robin. And when that when you do

912
00:59:27,989 --> 00:59:32,609
that, when you do a DNS Round
Robin, the requests tend to be

913
00:59:32,609 --> 00:59:37,229
sticky. That means that there's
there will grow up over time and

914
00:59:37,229 --> 00:59:42,299
affinity to choose one over the
other for certain combinations

915
00:59:42,359 --> 00:59:47,369
of calling, or of certain
combinations of origin of

916
00:59:47,369 --> 00:59:52,799
request and the endpoint that
they're calling. So if I start

917
00:59:52,799 --> 00:59:59,999
calling an API that has set up
in this way, most load balancing

918
00:59:59,999 --> 01:00:05,699
gateways that are most DNS, that
was not a gateway, most DNS will

919
01:00:05,699 --> 01:00:11,279
tend to resolve to the same host
based on the same sort of

920
01:00:11,279 --> 01:00:13,169
criteria, despite there being a
rent

921
01:00:13,170 --> 01:00:14,610
a random generator in there.

922
01:00:15,120 --> 01:00:19,770
And there's not really random
DNS is is more sticky than that.

923
01:00:19,800 --> 01:00:20,160
Okay?

924
01:00:21,030 --> 01:00:23,310
Well, of course, because of
caching and all that

925
01:00:23,910 --> 01:00:28,110
AGT, if you know how DNS works,
client side is very similar to

926
01:00:28,110 --> 01:00:34,260
that. So like, if you, you set a
Primary and Secondary DNS server

927
01:00:34,290 --> 01:00:40,440
on your, on your machine, a lot
of people think that it will use

928
01:00:40,440 --> 01:00:41,250
the primary and

929
01:00:42,089 --> 01:00:45,269
it will your priority, if you do
1010, it'll, it'll choose one or

930
01:00:45,269 --> 01:00:46,259
the other, I think, right?

931
01:00:46,649 --> 01:00:50,279
Well, it, it will, it will use
the primary until that one

932
01:00:50,279 --> 01:00:54,359
fails, then it'll flip over to
the secondary, but it won't flip

933
01:00:54,359 --> 01:00:59,069
back. Okay. Like if the if the
primary comes back online, it's

934
01:00:59,069 --> 01:01:03,179
not going to switch back to the
primary. So DNS tends to be

935
01:01:03,179 --> 01:01:06,119
sticky, it sticks with the less
successful thing, and it never

936
01:01:06,119 --> 01:01:07,259
really wants to give it up.

937
01:01:08,219 --> 01:01:10,529
So it was overloading one of the
two servers.

938
01:01:10,890 --> 01:01:16,020
It wasn't know what was
happening was the the one of the

939
01:01:16,020 --> 01:01:20,520
servers had a bad copy of the
code.

940
01:01:21,270 --> 01:01:23,490
Oh, man, obscure,

941
01:01:23,730 --> 01:01:27,840
yet, I had evidently not, there
had been a, I don't know what

942
01:01:27,840 --> 01:01:31,500
happened, but one of them had a
copy of the code with a typo in

943
01:01:31,500 --> 01:01:37,410
it. And the is because I always
upload to both at the same time,

944
01:01:37,590 --> 01:01:42,270
one of them had had a bad copy
of code. And so most of those

945
01:01:42,270 --> 01:01:45,690
recent data endpoint calls were
all getting served by by one of

946
01:01:45,690 --> 01:01:49,650
the front ends, but every now
and then it would hit the other

947
01:01:49,650 --> 01:01:52,050
one. And it would fail on that.
And it would fail two or three

948
01:01:52,050 --> 01:01:54,060
times in a row and then flip
back to the other one. And you'd

949
01:01:54,060 --> 01:01:55,410
never you wouldn't see the
problem again.

950
01:01:56,550 --> 01:02:00,120
Okay, so if it fails a couple
times, then eventually, the DNS

951
01:02:00,120 --> 01:02:01,050
does flip back.

952
01:02:02,670 --> 01:02:05,190
I'm not sure what their
algorithm is. I don't know. I

953
01:02:05,190 --> 01:02:10,410
don't know what they Wow. Okay.
All right. Yeah, it took four

954
01:02:10,410 --> 01:02:10,950
hours now.

955
01:02:12,510 --> 01:02:15,210
Yeah, I want to, I just want to
I don't know how much you've

956
01:02:15,210 --> 01:02:18,990
seen. But I want everyone to
know that Eric is building the

957
01:02:18,990 --> 01:02:22,800
whole onramp jeans mom
experience now in the urban

958
01:02:22,800 --> 01:02:31,680
dictionary, I'll have you know.
Nice. And, well, once once I'm

959
01:02:31,680 --> 01:02:35,910
moved, you know, give me a week
turn around. You know, then I

960
01:02:35,910 --> 01:02:39,090
think Tina and I are going to
start writing words for the

961
01:02:39,090 --> 01:02:42,150
framework that he's built. Yeah,
I'm very excited. And you can

962
01:02:42,150 --> 01:02:43,890
tell the people like, Hey, we
should we need something that

963
01:02:43,890 --> 01:02:45,690
would make some new landing
page.

964
01:02:46,290 --> 01:02:49,770
I know. That's such an it's,
it's necessary. Yeah,

965
01:02:49,800 --> 01:02:53,370
we're getting there. We're
getting there. That

966
01:02:53,640 --> 01:02:57,870
Eric? is the one that said, Oh,
no, I'm sorry. It was Alice

967
01:02:57,870 --> 01:03:02,580
gates sent in the screenshot
that only fans has a lightning

968
01:03:02,580 --> 01:03:08,430
node man. Like man, open a
channel that thing quick. We get

969
01:03:08,460 --> 01:03:10,920
we get it we can try to charge
super high routing fees.

970
01:03:10,980 --> 01:03:15,060
I'm gonna I'm gonna make a
couple of well prediction based

971
01:03:15,060 --> 01:03:19,440
on some thoughts. And you might
have read this morning. Tanzania

972
01:03:19,440 --> 01:03:23,460
is now also considering adopting
Bitcoin as a national currency.

973
01:03:23,940 --> 01:03:27,690
And Paraguay, aren't they in
Paraguay, Paraguay, also on the

974
01:03:27,690 --> 01:03:33,840
list. And I'm pretty sure that
they will at least be an

975
01:03:33,840 --> 01:03:35,970
announcement who knows how long
it will take before

976
01:03:35,970 --> 01:03:40,620
implementation? I think that
lightning connected through cash

977
01:03:40,620 --> 01:03:44,310
app. So real Satoshi stuff. I
think that'll be hooked up to

978
01:03:44,310 --> 01:03:46,560
Twitter. I'm pretty I'm pretty
sure that's coming in

979
01:03:46,560 --> 01:03:50,940
announcement at least is coming.
And when that happens. Oh, my

980
01:03:50,940 --> 01:03:52,710
God. It's gonna be so dynamite.

981
01:03:53,219 --> 01:03:54,599
Oh, yeah. That'd be cool.

982
01:03:54,600 --> 01:03:57,780
Everybody will under you know,
it's just the education. Yeah,

983
01:03:57,780 --> 01:04:01,620
this is what I realize. I'm so
impatient. But I think was it

984
01:04:01,620 --> 01:04:04,620
was talking to Dave Jackson, and
it was Michael malice and wanted

985
01:04:04,620 --> 01:04:05,430
his show to

986
01:04:05,880 --> 01:04:07,470
and that has been posted yet.

987
01:04:07,740 --> 01:04:10,500
Yeah, yeah, it's posted. Okay,
go back. Listen. Yeah, he's a

988
01:04:10,500 --> 01:04:14,340
good guy. It was not so much
podcasting. 2.0 and then I kind

989
01:04:14,340 --> 01:04:18,780
of just went with his flow.
Yeah. But obviously, I'd bring

990
01:04:18,780 --> 01:04:21,930
it back Tom Woods I did at Tom
Woods show. diner

991
01:04:21,929 --> 01:04:25,139
that either Gala. slacker. Yeah.
And Tom

992
01:04:25,140 --> 01:04:28,200
Woods is great, because hey, can
I ask your your audience

993
01:04:28,200 --> 01:04:31,410
something Tom? He's like, sure.
Would you please get a new

994
01:04:31,410 --> 01:04:40,410
podcast app new podcast?
app.com. Nice. Yeah, so this is

995
01:04:40,410 --> 01:04:45,120
so the adoption is it's it seems
to be happening. And I love

996
01:04:45,120 --> 01:04:50,100
hearing you know, pod land or
pod news. And now I'm hearing

997
01:04:50,100 --> 01:04:53,310
James Cridland talk very
casually about podcasting. 2.0

998
01:04:53,310 --> 01:04:55,830
features as if you know, it's
like it's the most normal thing

999
01:04:55,830 --> 01:05:00,480
in the world. He's, you know, I
don't hear the disdain Any more

1000
01:05:00,480 --> 01:05:06,270
for for Bitcoin or feigned
disinterest, he seemed very

1001
01:05:06,270 --> 01:05:06,870
interested.

1002
01:05:08,189 --> 01:05:10,589
They invented feigned
disinterest,

1003
01:05:11,039 --> 01:05:13,379
yeah, that is kind of that is
kind of the Brits, isn't it?

1004
01:05:13,619 --> 01:05:15,419
Yeah, yeah, you're right. Yeah.

1005
01:05:17,640 --> 01:05:18,180
Anyway, well,

1006
01:05:18,660 --> 01:05:20,910
hopefully he's boosting us when
we talk about him.

1007
01:05:22,320 --> 01:05:25,380
Drain drain the bowl this
morning. Here's your cue to

1008
01:05:25,410 --> 01:05:28,080
boost. You know, you want to

1009
01:05:28,679 --> 01:05:31,949
boost. Did you? Did you just say
you drain the bowl?

1010
01:05:32,130 --> 01:05:38,250
Yeah. By the way, the only fans
lightning node is just called

1011
01:05:38,250 --> 01:05:41,820
only fans. They missed the
perfect opportunity to call it

1012
01:05:41,820 --> 01:05:42,660
the spank bank.

1013
01:05:44,400 --> 01:05:45,300
Tell me I'm wrong.

1014
01:05:45,900 --> 01:05:51,150
Yeah. Listen, those guys, their
branding. So I wonder, I wonder

1015
01:05:51,150 --> 01:05:56,220
if if they'll integrate that?
No, this. It had some money on

1016
01:05:56,220 --> 01:05:58,260
it. It had to it had liquidity.

1017
01:05:58,320 --> 01:06:03,060
I know. It was a lot. It was a
little, I don't knows. Seemed

1018
01:06:03,060 --> 01:06:07,200
like kind of low. You know,
it'll make as much money as I

1019
01:06:07,200 --> 01:06:07,530
thought.

1020
01:06:07,679 --> 01:06:11,729
But we now have, I think marnix
or Satoshi stream posted this

1021
01:06:11,729 --> 01:06:16,679
morning. We have 250 podcasts
Now, using the value block. cast

1022
01:06:16,679 --> 01:06:20,009
a lot, man. That's That's pretty
good. You know, I think we have

1023
01:06:20,009 --> 01:06:21,749
most of the Bitcoin podcast
covered.

1024
01:06:22,530 --> 01:06:26,400
I'm so glad that breeze put in
the new value podcast tab. Yeah,

1025
01:06:26,430 --> 01:06:29,580
cuz that's really helpful
because a lot of the ones that

1026
01:06:29,580 --> 01:06:33,870
are coming on board now a really
high quality. I found myself

1027
01:06:33,870 --> 01:06:34,980
finding new stuff there.

1028
01:06:35,280 --> 01:06:37,440
Oh, every day, every day. I look
at the new tab.

1029
01:06:37,860 --> 01:06:38,640
Me too.

1030
01:06:38,969 --> 01:06:44,639
Every day. It's fantastic. And
it gets to the point where I

1031
01:06:44,699 --> 01:06:48,179
discussed I hate listened to
Kara Swisher and Scott Galloway

1032
01:06:48,179 --> 01:06:52,259
pivot. That's my hate podcast.
You hate you hate clip. Be Oh,

1033
01:06:52,259 --> 01:06:57,209
yeah. But it's important that,
in fact, contrary to what many

1034
01:06:57,209 --> 01:07:00,119
people think I watched, I
actually watch a lot of msnbc

1035
01:07:00,119 --> 01:07:02,429
during the day, or just want to
see what they're saying. I want

1036
01:07:02,429 --> 01:07:06,599
to understand. There's a point
now where I almost don't want to

1037
01:07:06,599 --> 01:07:09,629
listen to that podcast because I
know I can't I can't boost it. I

1038
01:07:09,629 --> 01:07:13,619
can't really stream anything to
it. I am lacking interaction.

1039
01:07:14,009 --> 01:07:18,479
And I've been it's boring. It's
really interesting how the whole

1040
01:07:18,479 --> 01:07:22,649
idea of five two podcasts I want
to like boom, five 500 stats

1041
01:07:22,649 --> 01:07:25,919
just before you've even the
intro xover Alright, let's go.

1042
01:07:26,279 --> 01:07:26,729
And then

1043
01:07:27,150 --> 01:07:30,630
I've got my new twin my 2112
rush boost. That's my that's my

1044
01:07:30,630 --> 01:07:30,930
new

1045
01:07:31,020 --> 01:07:32,700
2112 rush. Boost.

1046
01:07:32,880 --> 01:07:35,370
Yeah, yeah. 2012 the album you
know, rush.

1047
01:07:35,699 --> 01:07:40,589
I'm sorry, Dave. I'm not a rush
guy. You're not Oh, never was

1048
01:07:40,709 --> 01:07:41,249
sorry.

1049
01:07:41,670 --> 01:07:44,970
Did you know 2112? No, I mean,
that's like an epic album. No.

1050
01:07:45,600 --> 01:07:47,430
One of the greatest prog rock
albums ever.

1051
01:07:47,429 --> 01:07:50,729
You have to remember that I
started my career and grew up in

1052
01:07:50,729 --> 01:07:54,929
the Netherlands. So when I went
to school in West Virginia when

1053
01:07:54,929 --> 01:08:04,499
I was what? It was 19 I guess 18
now 18 that was pretty much my

1054
01:08:04,499 --> 01:08:07,829
first exposure to rush. They did
nothing and yet it was not on

1055
01:08:07,829 --> 01:08:15,689
the radio. It was the only thing
would be spirit of radio. That

1056
01:08:15,689 --> 01:08:21,839
the one that one? Yeah, that's
the only song that I was

1057
01:08:21,839 --> 01:08:26,099
familiar with. Yeah. So how does
this correlate to your boost?

1058
01:08:26,639 --> 01:08:26,939
Now

1059
01:08:26,940 --> 01:08:29,610
that's that's the name of one of
their albums is 2112

1060
01:08:31,380 --> 01:08:34,890
Oh, that's you boost to 112?
Yeah, nice.

1061
01:08:35,250 --> 01:08:38,970
Yeah. Now I'm a baller booster.
You sure are, but I had to live

1062
01:08:39,000 --> 01:08:41,670
I had to cut it in half though.
I went from I went from you know

1063
01:08:41,670 --> 01:08:45,180
1033 to 2112. So I boost half as
much

1064
01:08:45,420 --> 01:08:50,250
yeah, now I noticed that I like
boosting a lot. So be all Bob

1065
01:08:50,250 --> 01:08:51,930
booster show many, many times.

1066
01:08:54,330 --> 01:08:57,450
You want to listen to I'm sorry?
No good. Sure, sure. Do you want

1067
01:08:57,450 --> 01:09:01,680
to listen to Mahler's or Did you
see this? The jack Mahler's

1068
01:09:01,770 --> 01:09:02,850
appearance on Fox biz?

1069
01:09:02,880 --> 01:09:04,080
I saw a little bit of it.

1070
01:09:04,110 --> 01:09:05,970
Yeah, I clipped it you want to?

1071
01:09:07,080 --> 01:09:13,740
This is jack Mahler's of strike
and zap. And I guess it was

1072
01:09:13,740 --> 01:09:16,830
talking about the El Salvador
Bitcoin integration,

1073
01:09:16,830 --> 01:09:19,230
monetization nationalization
deal.

1074
01:09:19,320 --> 01:09:22,860
The IMF, the International
Monetary Fund the world, the

1075
01:09:22,860 --> 01:09:27,210
world, you know, not interested
in in stepping up to make this

1076
01:09:27,240 --> 01:09:30,750
happen. You know, you're kind of
going at it alone without these

1077
01:09:30,750 --> 01:09:34,830
big organizations that usually
step in and help second and

1078
01:09:34,830 --> 01:09:36,720
third world nations get up to
speed

1079
01:09:37,050 --> 01:09:40,860
your lives. I wonder why they're
upset. Because from a high level

1080
01:09:40,860 --> 01:09:44,130
of view, you're talking about a
country sitting president that

1081
01:09:44,130 --> 01:09:48,930
has to look at 70% of the lives
living within his country that

1082
01:09:48,930 --> 01:09:52,350
don't have financial access,
that don't can't live a high

1083
01:09:52,350 --> 01:09:55,230
quality of life because they
don't have a vehicle to save and

1084
01:09:55,230 --> 01:09:58,440
grow wealth. And all he's doing
is plugging into an open

1085
01:09:58,440 --> 01:10:01,560
distributed system to give hope
to his country to bring

1086
01:10:01,560 --> 01:10:04,230
financial inclusion and basic
human freedom.

1087
01:10:04,230 --> 01:10:05,610
Sorry, no, hold

1088
01:10:05,610 --> 01:10:10,950
on me in Turkey, let me lose
everything What? Well, because,

1089
01:10:11,160 --> 01:10:14,730
you know, there are many stories
legions of them of people being

1090
01:10:14,730 --> 01:10:17,220
locked out of their accounts or
you know, there was just this

1091
01:10:17,220 --> 01:10:20,970
situation recently where you
have a Bitcoin company in Africa

1092
01:10:21,030 --> 01:10:23,580
setting up and then absconding
with the money. I mean, maybe

1093
01:10:23,580 --> 01:10:26,970
they're working on the side of
protecting these people to see

1094
01:10:26,970 --> 01:10:27,540
that side.

1095
01:10:28,110 --> 01:10:31,830
Oh, this is great. It's it shows
you how little people really

1096
01:10:31,830 --> 01:10:40,080
understand Bitcoin. And this
very interesting that her her

1097
01:10:40,110 --> 01:10:42,840
The main issue she sees is
people forgetting their

1098
01:10:42,840 --> 01:10:46,770
passwords. That's pretty much
it. And then like, that doesn't

1099
01:10:46,770 --> 01:10:48,360
happen to a regular bank
account.

1100
01:10:48,750 --> 01:10:52,050
Yeah, and the volatility. Now,
these are two big things, you

1101
01:10:52,050 --> 01:10:55,410
know, this would the price swing
and I lost my password. I lost

1102
01:10:55,410 --> 01:10:56,130
my keys, right?

1103
01:10:56,309 --> 01:10:58,559
But that's exactly what that
what they're doing with that 100

1104
01:10:58,559 --> 01:11:01,799
and $50 million fund is they're
setting that up so that you can

1105
01:11:02,489 --> 01:11:08,549
accept Bitcoin, lightning or on
chain and immediately exchange

1106
01:11:08,549 --> 01:11:13,409
it for equivalent in dollars.
And then the the government or

1107
01:11:13,409 --> 01:11:18,719
the central bank, I believe, of
El Salvador takes the risk on

1108
01:11:18,719 --> 01:11:19,529
the volatility.

1109
01:11:20,190 --> 01:11:25,050
Yeah. But what do you think he
said? Like what do you think his

1110
01:11:25,050 --> 01:11:26,340
response to her was?

1111
01:11:27,900 --> 01:11:30,510
to this? Listen, you

1112
01:11:30,510 --> 01:11:31,680
What would your response be?

1113
01:11:31,770 --> 01:11:38,190
Oh, listen, you globalist news
reader. is to start off like

1114
01:11:38,190 --> 01:11:41,520
that. Listen to you globalist
news news model. I might have

1115
01:11:41,520 --> 01:11:42,930
said, oddly enough, I

1116
01:11:42,930 --> 01:11:43,830
did not say that.

1117
01:11:44,670 --> 01:11:49,590
He probably laid some Smackdown
on her that was a high level

1118
01:11:49,590 --> 01:11:52,260
macro economics if I know
Mahler's that's probably what he

1119
01:11:52,260 --> 01:11:58,260
did in his own. You know,
hairless chest. baseball hat

1120
01:11:58,260 --> 01:12:02,640
wearing way he's very, very very
charismatic. This young man.

1121
01:12:02,940 --> 01:12:07,830
He did not okay. And that was a
little. Now Now, I'm not this is

1122
01:12:07,830 --> 01:12:12,930
not a criticism Mahler's because
I think men respect the guy a

1123
01:12:12,930 --> 01:12:18,210
lot. And being in a situation
like that, I think he could tell

1124
01:12:18,210 --> 01:12:21,120
he was a little nervous. And in
his situation like that, when

1125
01:12:21,120 --> 01:12:22,740
you're not sure what the
questions are going to be, and

1126
01:12:22,740 --> 01:12:24,870
they're coming at you quick. I
mean, that's not an easy. Well,

1127
01:12:24,870 --> 01:12:25,500
I like how we

1128
01:12:25,770 --> 01:12:28,470
like how he parried her here. I
mean, that was good. He's like,

1129
01:12:28,470 --> 01:12:32,460
excuse me? No. And then it comes
back with Let me think what he

1130
01:12:32,460 --> 01:12:33,060
would say.

1131
01:12:33,810 --> 01:12:36,060
Because there are specific
things where, you know, people

1132
01:12:36,060 --> 01:12:38,910
losing their money because they
lost their wallet, keys or

1133
01:12:38,910 --> 01:12:41,730
whatever, and the price
volatility swing?

1134
01:12:42,210 --> 01:12:46,170
Well, um, so what I always like
is, you know, if I can remember

1135
01:12:46,170 --> 01:12:50,460
12 words, I have my money
anywhere in the world. Have you

1136
01:12:50,460 --> 01:12:53,790
ever done that? By the way? Have
you ever restored a wallet? With

1137
01:12:53,790 --> 01:12:57,900
your Oh my god, it is the it is
one of the most sexiest things?

1138
01:12:58,110 --> 01:13:02,280
Really? Yeah, get the blue
wallet. Okay. And on the blue,

1139
01:13:02,280 --> 01:13:08,970
so I have my I actually did it
for the podcast index node, I

1140
01:13:08,970 --> 01:13:12,660
think what I tested you and so
you can create a watch wallet.

1141
01:13:12,660 --> 01:13:15,150
So you can't interact with it
you can spend from it, but you

1142
01:13:15,150 --> 01:13:19,230
can see everything that's
happening. And you know, I

1143
01:13:19,500 --> 01:13:24,810
literally took the took the seed
words, put them in, boom, and

1144
01:13:24,840 --> 01:13:26,130
the wallet pops right up.

1145
01:13:26,880 --> 01:13:30,180
I've read the spec on how that
works. That in the mastering

1146
01:13:30,180 --> 01:13:34,890
Bitcoin book. I can't I still
can't tell you how it works.

1147
01:13:34,980 --> 01:13:40,110
It's like math magic or
something. I mean, some somehow

1148
01:13:40,620 --> 01:13:42,120
he's in the jury, like, well,

1149
01:13:42,120 --> 01:13:44,640
this is different systems,
right? I think yeah, there's

1150
01:13:44,670 --> 01:13:48,270
there's different but they all
kind of will. Like do all it

1151
01:13:48,660 --> 01:13:51,450
will do what they call it like
that. Yeah, you all will eat

1152
01:13:51,450 --> 01:13:55,500
anything. Dude even come close.
It's like, yeah, I think you're

1153
01:13:55,500 --> 01:13:59,220
using this system. Is this what
you meant? Yeah. Okay. So I have

1154
01:13:59,220 --> 01:14:03,750
one wallet. That is for me is
like, Okay, if I'm anywhere in

1155
01:14:03,750 --> 01:14:06,840
the world, and I need money,
these 12 words in this sequence

1156
01:14:06,870 --> 01:14:11,370
I've memorized. I rehearsed them
once a month. The first Yes, the

1157
01:14:11,370 --> 01:14:14,550
first of the month. I rehearse
them. I make sure I've got them

1158
01:14:14,550 --> 01:14:19,770
that? Yes. Oh, yes. That's cool.
Well, you know, there's many

1159
01:14:19,770 --> 01:14:22,680
ways to memorize I once read
actually interviewed the guy who

1160
01:14:22,680 --> 01:14:25,770
wrote the he was a journalist.
What was his name? He wrote, he

1161
01:14:25,770 --> 01:14:29,970
was researching for a book about
memory professionals, you know,

1162
01:14:29,970 --> 01:14:31,620
who compete in contests.

1163
01:14:32,010 --> 01:14:37,230
That's not the mega memory guy
was it? Who was that guy? Well,

1164
01:14:37,290 --> 01:14:40,860
he's not infomercial guy, right?
No, no, no. Okay. All right.

1165
01:14:41,910 --> 01:14:44,850
And this guy, he got so
interested that he not only did

1166
01:14:45,270 --> 01:14:48,270
the start to learn the
techniques, but he went on to

1167
01:14:48,270 --> 01:14:52,200
win the World Championship. In
memory, and you know, these guys

1168
01:14:52,410 --> 01:14:56,760
do, they can tell you the
sequence of a whole deck of

1169
01:14:56,760 --> 01:14:59,760
cards. That's been shuffled,
they'll tell you this and the

1170
01:14:59,760 --> 01:15:05,550
way They do it is architecture.
And so they would buy every

1171
01:15:05,550 --> 01:15:09,180
architectural magazine, anything
has a house in it. And so it's

1172
01:15:09,180 --> 01:15:12,690
okay I have to remember this,
I'm, I'm in the house, I see in

1173
01:15:12,690 --> 01:15:17,940
front of me, I see a couch, that
is the word dog, because the dog

1174
01:15:17,940 --> 01:15:21,120
be on the couch, then I'm going
to look to my association with

1175
01:15:21,120 --> 01:15:24,750
architecture. And so you walk
through the house, in your mind

1176
01:15:24,750 --> 01:15:28,350
in sequence. And that's where
you either you put notes on the

1177
01:15:28,350 --> 01:15:31,260
door or something, it's
something that you recognize,

1178
01:15:31,650 --> 01:15:35,070
and it really works. I can
recall things from years ago

1179
01:15:35,100 --> 01:15:38,460
using that system, but I have to
I have to keep it active, you

1180
01:15:38,460 --> 01:15:41,580
know, otherwise, it's it, you
really have to concentrate.

1181
01:15:41,580 --> 01:15:44,370
Okay, what did the house look
like? Anyway, so I've done that.

1182
01:15:44,370 --> 01:15:47,130
And it's beautiful. When you
when you do that, and you see

1183
01:15:47,130 --> 01:15:51,120
the wallet come back? It's
magic. So to me, that is one of

1184
01:15:51,180 --> 01:15:55,770
one of the beauties of Bitcoin
is I have my password, my past

1185
01:15:55,770 --> 01:15:58,590
words in my head, but it's
really to my fortune, you know,

1186
01:15:58,590 --> 01:16:03,120
there's nothing else I really
need to remember. But this on

1187
01:16:03,120 --> 01:16:06,090
the other thing, what was the
second one?

1188
01:16:07,230 --> 01:16:09,360
The volatility? Yeah.

1189
01:16:12,090 --> 01:16:15,120
Well, I mean, the answer in this
particular interview would be

1190
01:16:15,120 --> 01:16:18,000
that the volatility risk is
being taken up by the

1191
01:16:18,000 --> 01:16:26,160
government. And, and blow me
that would be my answer. closer

1192
01:16:26,160 --> 01:16:29,460
to what is it? Exactly? Well,
let's listen in.

1193
01:16:29,820 --> 01:16:34,800
I think it says a lot more about
the folks that are against basic

1194
01:16:34,800 --> 01:16:38,520
human freedom and plugging into
an open source system than it is

1195
01:16:38,520 --> 01:16:43,260
those for fighting for human
freedom. I the dollar is still

1196
01:16:43,260 --> 01:16:46,860
legal tender, El Salvador is not
going against any pre existing

1197
01:16:46,860 --> 01:16:49,860
efforts. It's plugging into a
new system where it sees hope

1198
01:16:50,100 --> 01:16:53,340
and a better future for its
citizens. I fundamentally see no

1199
01:16:53,340 --> 01:16:56,370
issue with that. I think there's
a lot of useful problems to

1200
01:16:56,370 --> 01:17:00,120
solve with Bitcoin. And the
problems you're bringing up are

1201
01:17:00,180 --> 01:17:03,270
to do with a certain company or
certain individual event Bitcoin

1202
01:17:03,270 --> 01:17:06,420
is an open distributed network,
there is no central point of

1203
01:17:06,420 --> 01:17:09,840
failure, there is no central
counterpart that can make any

1204
01:17:09,840 --> 01:17:12,000
decisions on behalf of the
government of President if the

1205
01:17:12,000 --> 01:17:15,390
President is to go haywire and
lose his mind the Bitcoin

1206
01:17:15,390 --> 01:17:18,240
network is going to defend
against it and not care one bit

1207
01:17:18,330 --> 01:17:22,140
there are no risks and plugging
into an open free true system

1208
01:17:22,230 --> 01:17:25,320
and giving his country hope I
see no problem with that and I

1209
01:17:25,320 --> 01:17:27,840
have a problem with those that
do see a problem with that and

1210
01:17:27,840 --> 01:17:31,200
are trying to get in the way I
find that morally wrong.

1211
01:17:31,920 --> 01:17:36,360
Okay, interesting. And this is
in general I think this is a

1212
01:17:36,360 --> 01:17:40,290
good way to market Bitcoin but
they're not doing it right. And

1213
01:17:40,290 --> 01:17:41,010
this started with

1214
01:17:41,040 --> 01:17:43,950
that was my exact thought. Yeah,
just started with Ilan

1215
01:17:45,330 --> 01:17:49,890
You know, when he in essence,
kicked the pile and said, okay,

1216
01:17:49,920 --> 01:17:53,010
tumbled down a little bit.
You're not environmentally

1217
01:17:53,010 --> 01:17:56,880
friendly, whatever. And a lot of
long term bitcoiners were

1218
01:17:56,880 --> 01:17:59,310
posting Hey man, do you know
that you actually affected

1219
01:17:59,310 --> 01:18:03,690
people with the reduction in
price you know, people who rely

1220
01:18:03,690 --> 01:18:06,720
on this it's their money and
you've basically chopped it down

1221
01:18:06,720 --> 01:18:14,430
by 1015 20%. While true no one
knows this yet no one no one

1222
01:18:14,460 --> 01:18:18,240
really is certainly not in the
financial press has any idea

1223
01:18:18,600 --> 01:18:22,530
what was jack Mahler's just said
there is no they do not

1224
01:18:22,530 --> 01:18:26,310
understand at all about the
freedom of owning your own money

1225
01:18:26,310 --> 01:18:29,610
being your own bank having your
own responsibility, and for it

1226
01:18:29,610 --> 01:18:34,260
not to be able to be seized in
any way if they don't understand

1227
01:18:34,260 --> 01:18:40,980
that but really to thank god
man, this house business I mean,

1228
01:18:41,550 --> 01:18:45,180
you know, so do we have a
mortgage or we'd had money left?

1229
01:18:45,180 --> 01:18:48,810
Oh, you know, we made some money
on the house we sold and we had

1230
01:18:48,810 --> 01:18:54,660
saved some money, the amount of
transfers and waiting and it's

1231
01:18:54,690 --> 01:19:01,560
it's in process and from bank to
bank to escrow to title company.

1232
01:19:03,360 --> 01:19:07,830
And then, okay, and Tina and I
know that the day before we're

1233
01:19:07,830 --> 01:19:10,680
going to close on the new home,
Okay, I'm gonna send this on the

1234
01:19:10,680 --> 01:19:13,920
wire this big this big money
here, here we go. You'll never

1235
01:19:13,920 --> 01:19:16,680
fingers you probably won't see
this amount in this account ever

1236
01:19:16,680 --> 01:19:22,590
again. Here we go. And you
cannot wire over $25,000 like

1237
01:19:22,620 --> 01:19:25,050
okay, well, I did have to wire a
little bit a little bit more

1238
01:19:25,050 --> 01:19:28,140
than that. So and then we have
to go to the bank, we got to get

1239
01:19:28,140 --> 01:19:31,410
a certified check. I mean, holy
crap. Meanwhile, if you just

1240
01:19:31,410 --> 01:19:36,660
look at mem space dot pool, is
that mem pool dot space I think

1241
01:19:36,660 --> 01:19:41,880
it is. And you just go look at
the transactions that are taking

1242
01:19:41,880 --> 01:19:44,640
place on chain right now. I'll
just read off the numbers as

1243
01:19:44,640 --> 01:19:47,520
they fly by Oh, they're big.
They're very big. Well, here's

1244
01:19:47,520 --> 01:19:56,970
5150 3868 31,004 50 40,007 27
sometimes it's you 14 million

1245
01:19:57,000 --> 01:20:01,920
flash and by 11,112,000. Now, of
course these are, you know,

1246
01:20:01,920 --> 01:20:06,540
probably going in and out of
exchanges. Who knows what what

1247
01:20:06,540 --> 01:20:10,980
those big amounts are for but
the speed, you know, just try

1248
01:20:10,980 --> 01:20:15,480
and wire any big amount. And
then you know anything small. I

1249
01:20:15,480 --> 01:20:17,820
actually got my hairdresser. I
got him to get strike.

1250
01:20:18,360 --> 01:20:21,630
Oh, nice. Yeah, my brother in
law on because I helped him with

1251
01:20:21,630 --> 01:20:26,010
some I've helped him with his
computer stuff on the side. And

1252
01:20:26,010 --> 01:20:28,740
then he just pays me like I run
his website and stuff. And so he

1253
01:20:28,740 --> 01:20:32,910
just pays me like a fee. It's
like 30 bucks a month, you know?

1254
01:20:33,210 --> 01:20:35,880
And so I told him the other day,
I'm like, let's, let's do

1255
01:20:35,880 --> 01:20:38,730
strike. And so we got him hooked
up. Oh, cool. All right, cool.

1256
01:20:39,180 --> 01:20:41,700
It's such a great way to onboard
people into lightning without

1257
01:20:41,700 --> 01:20:43,080
them even realizing they're on
it.

1258
01:20:43,230 --> 01:20:47,160
Oh, for her, it was good,
because she started doing Venmo

1259
01:20:48,840 --> 01:20:50,880
because it got the credit card
feeds, and she just you know,

1260
01:20:50,880 --> 01:20:53,610
she rents a chair every day in a
place. You know, it was a

1261
01:20:53,610 --> 01:21:01,530
typical one man shop but renting
in a salon. And and now Venmo is

1262
01:21:01,530 --> 01:21:08,640
gonna start charging payers and
recipients for, for payments.

1263
01:21:09,000 --> 01:21:09,420
Oh, I

1264
01:21:10,680 --> 01:21:12,120
don't know,

1265
01:21:12,600 --> 01:21:13,050
I think

1266
01:21:13,710 --> 01:21:17,370
I think No, you're No, you're
wrong. I was thinking. I started

1267
01:21:17,370 --> 01:21:19,890
to say that. I remember that.
But I think what I was confusing

1268
01:21:19,890 --> 01:21:22,620
it with was Pay Pal increasing
their merchant fees.

1269
01:21:23,070 --> 01:21:25,620
Well, all of that's happening.
It's all happening across the

1270
01:21:25,620 --> 01:21:29,190
board. And people are starting
to notice that. And so I said,

1271
01:21:29,190 --> 01:21:32,160
well, let's just do satoshis and
it goes in one for one. I don't

1272
01:21:32,160 --> 01:21:34,530
know how they make their money.
Well, I do but it's not on your

1273
01:21:34,530 --> 01:21:39,000
transaction. She's like, let's
do it. Okay, yeah, that's

1274
01:21:39,000 --> 01:21:40,590
where he was. He's like, Hey, I
like free.

1275
01:21:40,620 --> 01:21:41,820
Yeah, let's do let's do it.

1276
01:21:42,179 --> 01:21:45,719
Well, this, you know, you
brought up the housing thing. I

1277
01:21:45,719 --> 01:21:50,579
saw this post from somebody at
the at an Austin newspaper. I

1278
01:21:50,579 --> 01:21:55,199
don't know which one is the
statesman. And maybe I guess it

1279
01:21:55,199 --> 01:22:00,719
is The Statesman. Audrey
McGlinchey. She did an article

1280
01:22:01,109 --> 01:22:05,129
is the title of article is home
prices in Austin Rose 100,000 in

1281
01:22:05,129 --> 01:22:08,279
less than six months. When will
the search end? No, I'm sorry.

1282
01:22:08,279 --> 01:22:15,269
This is the NPR station there. k
UT radio? Yes. And so, you know,

1283
01:22:15,359 --> 01:22:19,739
her let her quote when she was
posting a link to the article

1284
01:22:19,739 --> 01:22:23,909
was and she says, you know,
blah, blah, blah, all this is

1285
01:22:23,909 --> 01:22:26,609
going on each day, more and more
people are being priced out of

1286
01:22:26,609 --> 01:22:30,629
buying a home, which is now the
way we build wealth in this

1287
01:22:30,629 --> 01:22:38,789
country? Yep. And I think that
might be a better sort of attack

1288
01:22:38,789 --> 01:22:44,609
vector for discussing Bitcoin
is, is it's protection against

1289
01:22:44,609 --> 01:22:51,509
inflation. And that that seems
to be a little more an idea that

1290
01:22:51,509 --> 01:22:53,759
people can wrap their head
around a little bit easier.

1291
01:22:54,059 --> 01:22:56,759
Because everybody understands
that if you print more money,

1292
01:22:57,179 --> 01:23:00,749
you get inflation. Less.
Everybody knows that. It's just

1293
01:23:00,779 --> 01:23:05,429
default. We've seen it with
Beano. Was it Zimbabwe, and

1294
01:23:05,429 --> 01:23:08,969
we've seen it with why more
Germany we see it, we've seen

1295
01:23:08,969 --> 01:23:13,199
that it's in, everybody
understands this. And so if you

1296
01:23:13,199 --> 01:23:17,189
have a money that you cannot
print more of, then you protect

1297
01:23:17,189 --> 01:23:21,749
yourself against the damages of
inflation. And the damages of

1298
01:23:21,749 --> 01:23:26,699
inflation, to me are where the
immorality is. I would like to I

1299
01:23:26,699 --> 01:23:30,809
guess I would like to see
modelers, and people and people

1300
01:23:31,109 --> 01:23:33,359
focusing more on that side of
things, because I think you're

1301
01:23:33,359 --> 01:23:39,029
right, there's no when he starts
talking about decentralized and

1302
01:23:39,029 --> 01:23:43,709
distributed centralization, and
openness, and no, no, everybody

1303
01:23:43,709 --> 01:23:44,879
just loses everybody. Yeah.

1304
01:23:45,450 --> 01:23:51,210
That's interesting. I had these
clips yesterday for no agenda,

1305
01:23:51,270 --> 01:23:57,450
and I didn't play them. It's two
clips, which now I did a whole

1306
01:23:57,450 --> 01:24:00,360
expos day on Larry Fink, the CEO
of BlackRock.

1307
01:24:01,470 --> 01:24:03,450
I've got an article about
BlackRock right here.

1308
01:24:03,870 --> 01:24:07,440
Yeah. So, you know, there they
are, they are moving the needle,

1309
01:24:07,440 --> 01:24:10,290
they are moving companies
through their influence when

1310
01:24:10,290 --> 01:24:19,140
board seats and you know, just
just tons of tons of influence,

1311
01:24:19,140 --> 01:24:22,350
you know, they have almost $9
trillion under management, this

1312
01:24:22,350 --> 01:24:26,910
is big money from pension funds.
Other you know, just really,

1313
01:24:26,940 --> 01:24:30,810
really large organization and,
and they're implementing these

1314
01:24:30,840 --> 01:24:34,050
ESG standards, which is part of
the problem with Bitcoin is it's

1315
01:24:34,050 --> 01:24:38,250
been labeled as not ESG is
environmental, social corporate

1316
01:24:38,250 --> 01:24:43,020
governance. And they now have a
scoring system as to how and it

1317
01:24:43,140 --> 01:24:47,670
literally comes down to did you
use the word green a lot in your

1318
01:24:47,670 --> 01:24:51,060
marketing and are you woke I
mean, these two things it true

1319
01:24:51,060 --> 01:24:56,220
and they have a whole Sasabe and
TCF D, which are these org

1320
01:24:56,250 --> 01:24:59,790
nonprofits which are created
with metrics how you measure

1321
01:24:59,790 --> 01:25:02,190
that Crap, which is completely
subject or a lot of its

1322
01:25:02,190 --> 01:25:08,430
objective. But then I have two
clips. So this, this is the guy

1323
01:25:08,430 --> 01:25:13,050
that that is pushing us towards
new energy forms. They've

1324
01:25:13,050 --> 01:25:17,310
divested of anything in coal so
that it matters what they do. So

1325
01:25:17,310 --> 01:25:19,500
if you want to know the engine
behind green New Deal,

1326
01:25:19,500 --> 01:25:22,950
definitely, this is part of it.
So this is what he had to say

1327
01:25:22,950 --> 01:25:28,650
about Bitcoin. Bitcoin is still
a very small market. And it can

1328
01:25:28,650 --> 01:25:34,650
move in very large increments
with small movements of money.

1329
01:25:34,890 --> 01:25:39,600
That's interesting point number
one. So of course, with for him

1330
01:25:40,140 --> 01:25:43,350
relatively small amount of
money, you can really move the

1331
01:25:43,350 --> 01:25:46,830
price. And this is that's what
your volatility is, obviously,

1332
01:25:46,830 --> 01:25:50,070
that's what it is. But here he
is, in essence, saying we know

1333
01:25:50,070 --> 01:25:52,350
that because he may be doing it
or whatever.

1334
01:25:53,040 --> 01:25:58,530
And so it's not a market for the
for the for the calm, I

1335
01:25:58,530 --> 01:26:03,420
understand the enthusiasm around
it, this asset category is so

1336
01:26:03,420 --> 01:26:07,110
small relative to other asset
category. And the preponderance

1337
01:26:07,170 --> 01:26:10,500
that is being discussed on
Bloomberg and other sources. And

1338
01:26:10,500 --> 01:26:15,450
media tells you that, you know,
people are fascinated about it.

1339
01:26:15,600 --> 01:26:18,090
So I would say business media
believes it's going to have a

1340
01:26:18,090 --> 01:26:24,210
huge future. But But let's bring
it down to the investor side,

1341
01:26:24,570 --> 01:26:28,020
everyone is focusing on it, it
could be another store of

1342
01:26:28,020 --> 01:26:33,060
wealth. But right now, it's
still untested, and has huge

1343
01:26:33,060 --> 01:26:37,020
volatility of moving in five and
6% increments with small

1344
01:26:37,050 --> 01:26:41,730
dollars, investments moving. And
so for, for anything like that

1345
01:26:41,730 --> 01:26:47,130
to be to be truly successful,
it's going to have to have a

1346
01:26:47,130 --> 01:26:51,240
broadening of the market. And
you could invest large sums of

1347
01:26:51,240 --> 01:26:56,310
money without moving the value.
To the extent it's doing it. So

1348
01:26:56,520 --> 01:27:01,110
we're watching it, we're
enjoying the conversation. It is

1349
01:27:01,110 --> 01:27:07,560
my instinct, it will it may some
form of a of a digitized

1350
01:27:07,560 --> 01:27:11,700
currency is going to play a
bigger role in the future. And

1351
01:27:11,700 --> 01:27:14,310
it may be in Bitcoin, or maybe
something else that has

1352
01:27:14,310 --> 01:27:18,420
developed, but there is a
fascination and that fascination

1353
01:27:18,690 --> 01:27:21,780
is is really fun to watch. Okay,

1354
01:27:21,780 --> 01:27:27,600
so now this guy, I know this
type of CEO, the things that

1355
01:27:27,660 --> 01:27:32,190
this this type of guy is that he
that is on his radar, he'll

1356
01:27:32,190 --> 01:27:36,210
always diminish. You know, it's
like, it's fun to watch a cute

1357
01:27:36,210 --> 01:27:39,690
little thing over there. But
yes, now notice that he said it

1358
01:27:39,780 --> 01:27:44,010
could actually become a store of
wealth. And he says, I know

1359
01:27:44,010 --> 01:27:47,220
something like it will become a
store. Well, it could be Bitcoin

1360
01:27:47,220 --> 01:27:50,130
or something else. Bitcoin is
the only one he named checked.

1361
01:27:50,760 --> 01:27:53,490
And, and the reason that's
interesting is what he says in

1362
01:27:53,490 --> 01:27:57,750
this next clip is from the same
interview, about store of

1363
01:27:57,750 --> 01:28:02,880
wealth, which now in Italy, in
Japan, because of the lack of

1364
01:28:02,880 --> 01:28:07,800
social services, or also
culturally, the store of wealth

1365
01:28:07,800 --> 01:28:10,500
is really the people themselves.
They're Savers, unlike the

1366
01:28:10,500 --> 01:28:14,220
United States where, you know,
we borrow, so they save a lot of

1367
01:28:14,220 --> 01:28:17,010
money, because there's when you
retire, you either save

1368
01:28:17,010 --> 01:28:19,380
something, or you're going to,
you're going to be living in

1369
01:28:19,380 --> 01:28:22,140
someone's basement. So I was
talking about a store of

1370
01:28:22,140 --> 01:28:25,680
wealth. And so over the course
of the next 20 years, you're

1371
01:28:25,680 --> 01:28:30,540
going to see this aging society
started to spend their savings,

1372
01:28:30,810 --> 01:28:35,220
that's when the Italian or the
Japanese deficits are going to

1373
01:28:35,220 --> 01:28:39,690
start really having an impact.
In the United States. As long as

1374
01:28:39,690 --> 01:28:46,950
the US dollar is a store of
wealth. The exportation of our

1375
01:28:46,950 --> 01:28:53,280
deficit is not a problem. If If
there was another store of

1376
01:28:53,280 --> 01:28:57,000
wealth, if there were multiple
stores of wealth, let's say

1377
01:28:57,000 --> 01:29:01,860
that, and then the exportation
of the of the dollar, and the

1378
01:29:01,860 --> 01:29:04,920
deficits will become a problem.
And that's a problem that we're

1379
01:29:04,920 --> 01:29:07,230
going to have to live with when
that time happens.

1380
01:29:08,130 --> 01:29:11,250
So there it is. I think it's
really interesting that he says

1381
01:29:11,250 --> 01:29:16,410
store of wealth as a store of
value is a glimpse into his own

1382
01:29:16,410 --> 01:29:20,310
thinking about it that these
guys in that perfectly plays

1383
01:29:20,310 --> 01:29:25,920
into the jack Dorsey Elon Musk
thing though the B word. Oh,

1384
01:29:25,920 --> 01:29:29,280
yeah, that whole B word car
thing. They're they're launching

1385
01:29:29,280 --> 01:29:32,910
this initiative to teach
institutions and large companies

1386
01:29:32,910 --> 01:29:37,710
about the benefits of Bitcoin. I
my personal thought is, this

1387
01:29:37,710 --> 01:29:41,760
fits perfectly with those clips
that that what I think what

1388
01:29:41,760 --> 01:29:44,010
they're setting up and they're
very, I think they've been

1389
01:29:44,010 --> 01:29:49,260
spooked by the inflationary
signals that they have seen

1390
01:29:49,260 --> 01:29:52,950
which are stiff. I mean, if
that's what she said, is

1391
01:29:53,850 --> 01:29:58,800
inflation. Inflation is
beginning to rear its head in a

1392
01:29:58,800 --> 01:30:02,970
way that has a A lot of people
scared, and it ought to, because

1393
01:30:02,970 --> 01:30:04,590
it could, it could be massive.

1394
01:30:04,650 --> 01:30:08,310
Well, they're also they're out
of ammo, they have nowhere else

1395
01:30:08,310 --> 01:30:09,150
to go but print.

1396
01:30:10,200 --> 01:30:12,870
So they have to store them, they
have to store their wealth

1397
01:30:12,870 --> 01:30:17,820
somewhere, or else it will be
inflated away from them. So what

1398
01:30:17,820 --> 01:30:22,500
they are, I think, I think the
Silicon Valley Tech hedge fund

1399
01:30:22,710 --> 01:30:28,200
matrix is looking at a
alternative store for their

1400
01:30:28,200 --> 01:30:32,130
wealth where they can stick it
and not have to worry about a

1401
01:30:32,130 --> 01:30:36,840
government taking it away from
them through the slow. You know,

1402
01:30:37,770 --> 01:30:41,040
drip, drip drip of inflation, I
would say might not be slow

1403
01:30:41,040 --> 01:30:41,460
anymore,

1404
01:30:41,490 --> 01:30:44,100
I would say that they're one
step further, they have their

1405
01:30:44,100 --> 01:30:47,160
wealth in Bitcoin. And now they
want to make sure that it

1406
01:30:47,310 --> 01:30:51,840
increases by bringing more
people in. I think these guys

1407
01:30:51,840 --> 01:30:54,030
have that have whatever they
need locked up, or whatever.

1408
01:30:54,030 --> 01:30:54,960
They feel comfortable with

1409
01:30:54,990 --> 01:30:58,530
that they've got their position
already. Sure. Sure. Now they

1410
01:30:58,920 --> 01:31:02,070
now they need to rescue the
elastic front runner. Yeah. But

1411
01:31:02,070 --> 01:31:05,670
I really like I really liked
that thing said, well, Bitcoin,

1412
01:31:05,700 --> 01:31:09,750
probably a store of wealth.
We'll see something like Bitcoin

1413
01:31:09,750 --> 01:31:12,060
will be a store of wealth. And
then he says, if there's another

1414
01:31:12,060 --> 01:31:14,250
store, well, that's going to be
a problem for the US dollar.

1415
01:31:14,250 --> 01:31:18,210
We'll have to deal with that.
Yeah, it is it will be. Yeah.

1416
01:31:18,210 --> 01:31:21,510
And why do we say this? Because
it's a part of podcasting. 2.0.

1417
01:31:22,350 --> 01:31:28,770
It's a part of the I really,
truly see this as such. It's the

1418
01:31:28,770 --> 01:31:32,310
future. I may see it. I see it
every single day, I need to see

1419
01:31:32,310 --> 01:31:36,240
how many transactions we're
doing this month. But it's

1420
01:31:36,240 --> 01:31:40,110
cranking along just beautifully.
And I see happy stories.

1421
01:31:41,100 --> 01:31:46,860
Yeah, I mean, I've added up my
total boosts to pod news,

1422
01:31:46,860 --> 01:31:50,220
because I listen to it daily,
every morning. Um, I'm pumping

1423
01:31:50,220 --> 01:31:54,690
in minimum $17. Probably, you
know, when the week is up. 20

1424
01:31:54,690 --> 01:31:59,760
bucks. 20 bucks. No 17 to 20
bucks a month on one on that one

1425
01:31:59,760 --> 01:32:06,300
show. On pod news. Yeah,
voluntarily. Oh, yeah. And I

1426
01:32:06,300 --> 01:32:09,120
want to I don't want to belabor
the point. But I want to say,

1427
01:32:09,930 --> 01:32:12,210
you know, I've said this before,
I think in a different but

1428
01:32:12,810 --> 01:32:20,550
there's something so magical
about catching a listener, right

1429
01:32:20,550 --> 01:32:23,730
at the moment when some when
they're listening and enjoying

1430
01:32:23,730 --> 01:32:28,020
your content, and giving them
the ability to hit the boost

1431
01:32:28,020 --> 01:32:33,780
button at that very moment. Not
a monthly subscription that may

1432
01:32:33,780 --> 01:32:37,500
hit their credit card, when they
just when they're leaving work

1433
01:32:37,500 --> 01:32:41,370
one day, and they don't
understand it. And they've got

1434
01:32:41,370 --> 01:32:44,490
no, at that moment, they may not
have any connection to your

1435
01:32:44,490 --> 01:32:47,670
material into your content. But
if you catch them when they're

1436
01:32:47,670 --> 01:32:52,680
listening, and give them the
ability to pay you right then

1437
01:32:53,640 --> 01:32:56,490
man, you can make a difference
in your in how much income you

1438
01:32:56,490 --> 01:32:56,880
have.

1439
01:32:56,939 --> 01:33:02,519
Oh, unbelievable. And it's a
behavior. We're building on a

1440
01:33:02,519 --> 01:33:07,289
behavior that has already been
taught to hundreds of millions

1441
01:33:07,289 --> 01:33:11,219
of people, which is the concept
of like, and I'm tapping

1442
01:33:11,219 --> 01:33:14,429
something Yeah, and I'm enjoying
something hearts, whatever it

1443
01:33:14,429 --> 01:33:15,119
is. It's

1444
01:33:16,950 --> 01:33:18,780
Yeah. confetti.

1445
01:33:20,400 --> 01:33:24,600
I love the confetti. Everybody's
got different confetti. It's so

1446
01:33:24,600 --> 01:33:29,280
cool. I really love it. I
really, really love it. Let me

1447
01:33:29,280 --> 01:33:30,180
see what

1448
01:33:30,720 --> 01:33:31,620
else are we I mean,

1449
01:33:31,650 --> 01:33:35,910
I wasn't long. Yeah, we know Jew
boo. We need to thank people's

1450
01:33:35,910 --> 01:33:38,670
what we need to do value from
value. That's what we're always

1451
01:33:38,670 --> 01:33:43,110
talking about. Then, we'd like
to thank the people who support

1452
01:33:43,110 --> 01:33:46,500
podcasting 2.0 the podcast
index.org project, which

1453
01:33:46,500 --> 01:33:50,280
includes this podcast, the
mastodon, all the work that we

1454
01:33:50,280 --> 01:33:57,090
put in the community, the
servers. The only way we can

1455
01:33:57,360 --> 01:34:01,050
ensure a future for now is this.
Of course we always love it.

1456
01:34:01,500 --> 01:34:05,430
boost when you boost us. That's
also accepted for your cut bucks

1457
01:34:05,430 --> 01:34:08,550
go to podcast index.org scroll
down to the bottom. Big Red

1458
01:34:08,550 --> 01:34:11,370
Donate button and you can send
it to us via PayPal.

1459
01:34:13,680 --> 01:34:17,070
Mark Marco arment comes in gave
us above $100 this

1460
01:34:17,070 --> 01:34:21,030
month. You Marco he's working on
the cloud in the cloud chapters

1461
01:34:21,030 --> 01:34:21,330
right?

1462
01:34:21,870 --> 01:34:26,610
Yep, he is. Never no no no
jingle anything he just don't

1463
01:34:26,610 --> 01:34:26,730
need

1464
01:34:27,330 --> 01:34:34,980
to defragment we will make them
faster. Implementation goes

1465
01:34:34,980 --> 01:34:37,830
smoother. It will line up all
those blocks

1466
01:34:40,740 --> 01:34:49,500
is this this is oh here it is
Lucas robot. And this is history

1467
01:34:49,500 --> 01:34:52,980
interesting. He gave us $100
Wow. Thank you and but get a

1468
01:34:52,980 --> 01:34:56,730
load of this though. He he says
thanks for developing the

1469
01:34:56,730 --> 01:35:00,540
freedom controller now a happy
user podcasting 2.0 value for

1470
01:35:00,540 --> 01:35:04,350
value streaming and the RSS kind
of broad and decentralized go

1471
01:35:04,350 --> 01:35:12,750
prod go podcasting Lucas robot
wow I gave Lucas some of my time

1472
01:35:12,750 --> 01:35:16,680
this week to help him get a free
patroller setup flowers freedom

1473
01:35:16,680 --> 01:35:19,860
controller I set up in a long
time three years yeah

1474
01:35:19,889 --> 01:35:23,669
nice What's he using it for for
blog posts aggregation

1475
01:35:24,149 --> 01:35:27,389
I'm not real sure he called he
called it show notes. That's the

1476
01:35:27,389 --> 01:35:29,789
name of the things I don't know
if he didn't podcast or what I'm

1477
01:35:29,789 --> 01:35:36,509
not sure. Anyway, he he's fairly
fairly technical. And you know,

1478
01:35:37,289 --> 01:35:39,599
it doesn't matter what the frame
controller doesn't matter no

1479
01:35:39,629 --> 01:35:43,769
matter how technical you are, it
can defeat you. So it defeated

1480
01:35:43,769 --> 01:35:44,729
him and he needed help

1481
01:35:44,759 --> 01:35:48,479
once a freedom controller is
running is like the trusty old

1482
01:35:48,479 --> 01:35:49,079
steed.

1483
01:35:49,560 --> 01:35:51,180
It never stops he really

1484
01:35:51,570 --> 01:35:55,530
knock on wood but in 10 years,
maybe three times have had an

1485
01:35:55,530 --> 01:35:58,530
emergency on the show day which
you were able to fix in seconds.

1486
01:35:58,979 --> 01:36:02,519
Yeah, one of them one of those
was an easy to instance, right.

1487
01:36:03,030 --> 01:36:07,410
Yeah. And the other one is where
I I I saved an offline version

1488
01:36:07,410 --> 01:36:13,290
of you know, some 1000 page PDF
filled with legislation which is

1489
01:36:13,290 --> 01:36:16,470
then it strips it all out, just
strips out everything you can

1490
01:36:16,470 --> 01:36:20,940
find so he was just a server
like I'm still calculating,

1491
01:36:20,940 --> 01:36:23,130
still trying to serve this page.

1492
01:36:25,470 --> 01:36:30,600
Let's say drip Scott gave us $43
shown show note number.

1493
01:36:31,470 --> 01:36:36,120
Episode Number nine. Nice one.
Thanks. Drip. Drip says go pot

1494
01:36:36,120 --> 01:36:37,440
go podcasting. Yes.

1495
01:36:41,610 --> 01:36:45,210
Drip is the proud owner of a
podcasting. 2.0 certified t

1496
01:36:45,210 --> 01:36:47,070
shirt. Ah, yes, yes, I

1497
01:36:47,070 --> 01:36:50,040
see many people posting their t
shirts is beautiful to watch. I

1498
01:36:50,040 --> 01:36:53,880
love it. I love it. You know
why? Because I wore it on the on

1499
01:36:53,880 --> 01:36:56,730
the max Kaiser RT show. I mean
that thing read perfect. It was

1500
01:36:56,730 --> 01:37:01,350
great, though. It looked great.
Yeah. They're like guns.

1501
01:37:03,720 --> 01:37:10,140
Yeah. See, Eric's sending out
shirts as we as he can. So cool.

1502
01:37:10,590 --> 01:37:15,600
If you don't have it yet, you
should have Emery Bryant gave us

1503
01:37:15,600 --> 01:37:20,880
$33.33 says excellent show guys.
I love listening to this show as

1504
01:37:20,880 --> 01:37:24,420
much as do the no gender show.
Wow, this is wow. big

1505
01:37:24,420 --> 01:37:27,240
compliment. Thank you. The
amount of brain power that you

1506
01:37:27,450 --> 01:37:31,920
are able to get into one room is
amazing. I agree. I

1507
01:37:31,920 --> 01:37:34,710
wholeheartedly agree with the

1508
01:37:34,800 --> 01:37:36,060
brain matter maybe

1509
01:37:39,120 --> 01:37:43,140
you made me want to podcast and
run my own node. Keep it up sir

1510
01:37:43,140 --> 01:37:46,170
twin screw w wb for BSD.

1511
01:37:46,290 --> 01:37:50,370
You know that's that's such a
good who was playing with it?

1512
01:37:50,370 --> 01:37:55,050
What is that black hole dot run?
You ever seen that? It's like a

1513
01:37:55,050 --> 01:37:59,280
file transfer service? Well, I
guess what I was just thinking

1514
01:37:59,280 --> 01:38:01,980
is, man, I'm looking at that
Raspberry Pi. And it's running

1515
01:38:01,980 --> 01:38:06,750
my node. It's running lightning.
I mean, if we had ipfs hooked

1516
01:38:06,750 --> 01:38:12,030
up, man, it'd be so perfect.
Here's your podcast box. just

1517
01:38:12,030 --> 01:38:15,900
hook it up to your cable. It'll
work magically money. You know,

1518
01:38:15,960 --> 01:38:19,500
mp3 is go out. It gets
distributed somehow. Money comes

1519
01:38:19,500 --> 01:38:21,120
in and Satoshi somehow

1520
01:38:21,540 --> 01:38:23,880
made the magic box. Yeah. And
your closet.

1521
01:38:23,939 --> 01:38:26,729
That's the one the one we've
been talking about for 20 years.

1522
01:38:26,789 --> 01:38:32,129
20 years that we'll never have a
new house. The new house this

1523
01:38:32,129 --> 01:38:37,439
guy built the house. Any wired
it properly. He wired it with

1524
01:38:37,949 --> 01:38:42,179
mounted TVs we're not. We don't
necessarily like we're not big

1525
01:38:42,179 --> 01:38:45,569
in the TVs everywhere. But they
happen to be in every room. But

1526
01:38:45,569 --> 01:38:49,739
he has a server rack and that's
where the cable boxes go and

1527
01:38:49,739 --> 01:38:54,269
he's got Yeah, baby. You know
I'm gonna have some Winky blinky

1528
01:38:54,269 --> 01:38:54,809
lights in

1529
01:38:57,330 --> 01:39:00,360
the LC How many? How many
Raspberry Pi's? Can

1530
01:39:00,360 --> 01:39:04,020
I fit in that server? Beautiful,
beautiful. With a smoky glass

1531
01:39:04,050 --> 01:39:07,710
door the whole thing? It has its
own spot in the house like

1532
01:39:07,710 --> 01:39:10,290
What's that? That's my rack.
Betty comes

1533
01:39:11,880 --> 01:39:18,660
beautiful rags, huh? month, our
monthly guys this week, Keith

1534
01:39:18,660 --> 01:39:22,470
Gibson gave us $50 Thank you.
Dwayne. Goldy gave us eight.

1535
01:39:23,100 --> 01:39:27,360
Charles dogs freaking Charles
current gave us $5 Christopher

1536
01:39:27,360 --> 01:39:33,810
raymer $10. James Sullivan. $10.
Jordan dunville $10 is ducote

1537
01:39:33,810 --> 01:39:35,760
$6.66.

1538
01:39:35,880 --> 01:39:39,210
Thank you, sir group. Yeah,
thank you to these supporters

1539
01:39:39,210 --> 01:39:44,040
very much appreciated. Thank you
for keeping it running until the

1540
01:39:44,070 --> 01:39:48,210
end until the satoshis sustain
us. Yep, we'll let you know. By

1541
01:39:48,210 --> 01:39:52,410
the way. We will let you know
we'll let you know. But I'm very

1542
01:39:52,410 --> 01:39:55,590
excited. In a couple of weeks,
hopefully then we might be able

1543
01:39:55,590 --> 01:40:01,020
to show some of the of the new
onramp process In the backend

1544
01:40:01,020 --> 01:40:04,650
for podcasts, I think is what
Eric's working on now, with the

1545
01:40:04,680 --> 01:40:08,640
statistics, I believe, you know,
timelines, so you can see where

1546
01:40:08,640 --> 01:40:09,570
the boosts happened.

1547
01:40:11,099 --> 01:40:13,949
That's, that's my understanding
mean, this associate dot stream

1548
01:40:13,949 --> 01:40:17,549
guys have some of them really
develop. Yeah, they didn't do

1549
01:40:17,549 --> 01:40:19,829
very good. I mean, like, it's
got lots of stuff. And by the

1550
01:40:19,829 --> 01:40:22,979
way, they, you know, they're,
they said that they are giving

1551
01:40:22,979 --> 01:40:26,969
us they're donating 1% of their
of the for

1552
01:40:26,999 --> 01:40:28,769
that when they when it goes out?
Yeah,

1553
01:40:28,769 --> 01:40:32,249
I know. Do we know how? Because
I'd like to credit them on the

1554
01:40:32,249 --> 01:40:39,599
show with the amount we know how
to get that info out. So that's

1555
01:40:39,599 --> 01:40:41,369
the whole question. That's

1556
01:40:41,370 --> 01:40:47,370
a good question. Yeah, I would
presume that I can't I don't

1557
01:40:47,370 --> 01:40:49,860
have the I don't know how to do
that. I don't have the tools,

1558
01:40:49,860 --> 01:40:52,980
but I think we can. And maybe we
just ask them. Could you please

1559
01:40:52,980 --> 01:40:55,380
tell us how much you think you
sent us? You deserve some t

1560
01:40:55,380 --> 01:40:59,010
shirts? At least? It's true.
Yeah. Yeah, at least. Now I

1561
01:40:59,010 --> 01:41:01,020
know. That's very, very, very
cool of them.

1562
01:41:01,470 --> 01:41:05,340
I like them to tell us. Yeah,
tough either. Either what you

1563
01:41:05,340 --> 01:41:09,210
did or how to get for how for us
to do it on the l&d side and we

1564
01:41:09,210 --> 01:41:10,050
can credit

1565
01:41:10,590 --> 01:41:17,190
for sure. For sure. Okay, let me
see what else do we have any of

1566
01:41:17,190 --> 01:41:20,160
these clips you want to take
care of a resume? Let me see

1567
01:41:20,160 --> 01:41:23,640
what I got here. We never do all
your clips. You have so many

1568
01:41:23,640 --> 01:41:24,810
clips that you always bring.

1569
01:41:24,960 --> 01:41:27,540
We never get to them all. push
them forward. Well, I mean,

1570
01:41:27,540 --> 01:41:33,990
let's do a couple ices. Okay.
Want to do it like money? It's

1571
01:41:33,990 --> 01:41:38,910
like money if you think about
it. You think about it. This my

1572
01:41:38,910 --> 01:41:45,090
favorite though. Satoshi. I just
got five satoshis. Was that?

1573
01:41:45,390 --> 01:41:50,100
Dave Jackson? That's right.
That's right. He's got five

1574
01:41:50,100 --> 01:41:52,560
satoshis Beautiful.

1575
01:41:53,160 --> 01:41:56,520
Yeah. See, Dave gets it. Like
it's exciting fight. Who gives a

1576
01:41:56,520 --> 01:42:00,750
crap is $5.05 satoshis. I got
something. I got something. It

1577
01:42:00,750 --> 01:42:01,320
worked.

1578
01:42:01,710 --> 01:42:02,850
I got five or something.

1579
01:42:02,939 --> 01:42:06,029
I love that. Okay, anything

1580
01:42:06,029 --> 01:42:08,339
else you got? I mean, I got
stuff. But we just we've been

1581
01:42:08,399 --> 01:42:09,389
out man. We have so much.

1582
01:42:09,390 --> 01:42:12,180
We went so deep on so many
important topics.

1583
01:42:13,050 --> 01:42:16,200
I wanted to talk about goods and
we didn't even get there. But

1584
01:42:16,200 --> 01:42:18,810
we'll do it next week. Oh, man.

1585
01:42:20,010 --> 01:42:23,820
Okay, well, that'll be our teas.
Goods goods for next week goods

1586
01:42:23,820 --> 01:42:24,630
in your future.

1587
01:42:25,170 --> 01:42:27,570
Yeah, that brings them back.
Please.

1588
01:42:29,610 --> 01:42:32,490
Come back here next Friday for
goods you will not be

1589
01:42:32,490 --> 01:42:34,680
disappointed. Thanks for the
day. We'll see you next week

1590
01:42:34,680 --> 01:42:36,630
man. Bye, everybody.

1591
01:42:52,020 --> 01:42:56,610
You have been listening to
podcasting 2.0 visit podcast

1592
01:42:56,610 --> 01:43:01,770
index.com for more information.
I just got five satoshis podcast