1 00:00:00,480 --> 00:00:06,060 podcasting 2.0 for June 11 2021, Episode 41 We are the super 2 00:00:06,060 --> 00:00:06,900 spreaders. 3 00:00:09,599 --> 00:00:12,599 I'll give you context to that eventually. Hello, everybody is 4 00:00:12,599 --> 00:00:17,969 Friday time once again for board meeting. That's right. Your two 5 00:00:17,969 --> 00:00:21,389 directors are here today for podcasting. 2.0 everything going 6 00:00:21,389 --> 00:00:26,099 on to podcast index orden podcast index dot social. We got 7 00:00:26,099 --> 00:00:30,479 a lot to talk about road stories you name it. I'm Adam curry in 8 00:00:30,479 --> 00:00:33,569 Austin, Texas and in Alabama the man who hasn't changed in the 9 00:00:33,569 --> 00:00:37,829 seven years since I last saw him my friend on the other end day 10 00:00:37,859 --> 00:00:39,209 Joe's 11 00:00:42,150 --> 00:00:45,810 week of sleep with no rooster. 12 00:00:48,030 --> 00:00:51,660 You did kind of get the the raw end of the deal on the on the 13 00:00:51,660 --> 00:00:52,920 Airbnb in Miami. 14 00:00:54,450 --> 00:00:59,520 Like, I mean, all I saw was I woke up at what was it? Like, 15 00:00:59,820 --> 00:01:03,210 three o'clock at 345 in the morning. Yeah. to the to the 16 00:01:03,210 --> 00:01:06,360 extreme rooster crow. Yeah. And that was no, that was not fine. 17 00:01:06,570 --> 00:01:11,790 Yes, we are of course referring to the podcast index.org journey 18 00:01:11,790 --> 00:01:14,340 to Miami for Bitcoin 2021 19 00:01:15,690 --> 00:01:19,020 which we did on behalf of podcasting. 2.0 of course, to 20 00:01:19,020 --> 00:01:22,620 spread cheer, mainly to meet people. Yeah, and 21 00:01:23,820 --> 00:01:28,980 I would describe this whole event that maybe even our whole 22 00:01:28,980 --> 00:01:34,230 journey, as Comic Con meets fire festival was kind of great. 23 00:01:36,750 --> 00:01:41,460 And really, you know, we're on a very small budget here. And we 24 00:01:41,490 --> 00:01:43,560 you know, we paid for most of the stuff out of our own pocket, 25 00:01:43,560 --> 00:01:46,830 but I think the Airbnb, I believe was, 26 00:01:47,940 --> 00:01:52,170 you know, was from the company, the morgue. 27 00:01:54,090 --> 00:01:59,130 So Eric, Eric is very frugal. And you guys were already there. 28 00:01:59,130 --> 00:02:00,690 org chart is not big. 29 00:02:01,710 --> 00:02:02,670 Yes, the three of us. 30 00:02:03,900 --> 00:02:08,550 And so I flew in later because I had to hustle after the after 31 00:02:08,550 --> 00:02:09,810 doing no agenda show. 32 00:02:11,670 --> 00:02:14,790 And I mean, I'm in the cab, and you know, drive and it's like, I 33 00:02:14,790 --> 00:02:16,740 was nice street here. I knew we were kind of close to the 34 00:02:16,740 --> 00:02:20,070 convention center. And the guy hangs right and like, Whoa, 35 00:02:20,070 --> 00:02:23,850 where I'm right. I'm in. I'm in an episode of the wire. This is 36 00:02:23,850 --> 00:02:27,870 crazy as drug deals being done. Is this you'd like text me when 37 00:02:27,870 --> 00:02:32,910 you're out front? Yeah. Unlock the gate. There's a huge, 38 00:02:33,120 --> 00:02:36,720 wrought iron gate in front of this place. It was like was like 39 00:02:36,720 --> 00:02:39,330 250 bucks a night or something. It had three bedrooms, you guys 40 00:02:39,330 --> 00:02:42,120 had graciously given me the master bedroom. That was very 41 00:02:42,120 --> 00:02:44,910 kind. You didn't have to do that. In fact, I fully 42 00:02:44,910 --> 00:02:46,770 considered to be shoved into the corner. 43 00:02:47,820 --> 00:02:51,510 When I arrived. You're mean you're the pod father? I mean. 44 00:02:52,800 --> 00:02:57,960 Yeah, baby. Yeah, yeah, I got the I got the front room so that 45 00:02:57,960 --> 00:02:59,250 if there was a drive by 46 00:03:00,720 --> 00:03:03,900 you'd catch it. Yeah, yeah, I was gonna be the human shield 47 00:03:03,900 --> 00:03:04,500 for you, too. 48 00:03:06,300 --> 00:03:08,880 I think that's what they like on the street. I think that's what 49 00:03:08,880 --> 00:03:11,850 they call like, there's this huge black rooster that just 50 00:03:11,850 --> 00:03:14,820 kept walking across the street all day long. And I mean, this 51 00:03:14,820 --> 00:03:19,170 thing was as big as like a you know, it was like a dog. Throw 52 00:03:19,170 --> 00:03:20,280 saddle on that bitch. 53 00:03:21,750 --> 00:03:25,110 I think I think that's the name of the of their mess that they 54 00:03:25,110 --> 00:03:27,240 were cooking over there. The black rooster. It was 55 00:03:28,350 --> 00:03:28,680 black. 56 00:03:29,850 --> 00:03:32,460 Yeah, I like it. Maybe that should be our logo. Black 57 00:03:32,460 --> 00:03:32,970 rooster. 58 00:03:34,410 --> 00:03:35,040 I liked it. 59 00:03:36,150 --> 00:03:39,360 It was. It was great to see you again. I've seen Eric recently, 60 00:03:39,360 --> 00:03:42,900 of course, and you'd never met Eric. And the three of us are 61 00:03:42,900 --> 00:03:47,760 quite a pair. We really vary in in sizes in all kinds of 62 00:03:47,760 --> 00:03:50,610 different ways. I'm sure that people who saw us come and go 63 00:03:50,610 --> 00:03:54,840 like Who are those guys? Well, here's how it goes. There's 64 00:03:54,870 --> 00:03:59,280 there's a minimum requirement to be in the in the Bitcoin 65 00:03:59,520 --> 00:04:03,300 community. And you're like, in I don't get I'm not in it. 66 00:04:04,680 --> 00:04:08,880 You and Eric are like six foot 100 Yeah, you know, I'm like 510 67 00:04:08,910 --> 00:04:13,290 and Ryan Ryan Gentry is taller than I am. Yeah, I mean, like I 68 00:04:13,290 --> 00:04:16,950 was staying at one point. It was you Eric Ron Gentry standing 69 00:04:16,950 --> 00:04:19,830 there in me. And I was just staring at everybody's chest. 70 00:04:21,660 --> 00:04:24,450 But I did I did have some support because Graham Graham 71 00:04:24,450 --> 00:04:29,790 critic is also a small guy. Roy Mahler's a small Roy's masa. 72 00:04:30,000 --> 00:04:33,450 There's like this extreme Academy. My name is Tim. Yeah. 73 00:04:33,660 --> 00:04:37,260 Oh my god. So yeah. And I'll just give a little 74 00:04:38,280 --> 00:04:42,300 little color around this. So the event itself you know, this is 75 00:04:42,330 --> 00:04:46,530 convention hall, and really was split into two parts. One is a 76 00:04:46,560 --> 00:04:50,010 an auditorium we have which was nice and air conditioned. You 77 00:04:50,010 --> 00:04:52,590 sit there and watch what's going on on stage so very much like a 78 00:04:52,590 --> 00:04:55,620 really big show. Kind of like an apple event. You know, that are 79 00:04:55,620 --> 00:04:58,980 the old Apple events with the audience and the stage. The 80 00:04:58,980 --> 00:04:59,970 Apple event was in a 81 00:05:00,000 --> 00:05:00,900 Husky story, 82 00:05:02,550 --> 00:05:02,970 Jim. 83 00:05:04,620 --> 00:05:08,100 And then on the backside, they had, you know, vendor booths and 84 00:05:08,100 --> 00:05:11,040 all that. And then outside it was a bunch of bubble tents, 85 00:05:11,040 --> 00:05:15,990 mind you, this is 85 degrees, but it's miami heat. And it was 86 00:05:16,050 --> 00:05:20,940 it was 80% humidity, it was, it was disgusting. And then I 87 00:05:20,940 --> 00:05:25,470 presumed the people who paid for a tent was outside, that was the 88 00:05:25,470 --> 00:05:30,300 stacking set stage. And that was clearly you know, I think 89 00:05:30,300 --> 00:05:32,820 lightning probably paid for lightning labs paid for that. 90 00:05:32,820 --> 00:05:38,430 And sure, a couple other people had it felt like a pay to play, 91 00:05:38,580 --> 00:05:42,270 which is not uncommon for conferences. And 92 00:05:43,350 --> 00:05:44,910 I would say in general, 93 00:05:46,200 --> 00:05:49,350 is a total waste of time to go there and watch anyone speak 94 00:05:49,350 --> 00:05:53,190 because you look at the videos online, that's now now you can 95 00:05:53,190 --> 00:05:56,820 really follow the conversation. You're not sweltering, or you 96 00:05:56,820 --> 00:06:01,650 know, cuz you don't get the same energy necessarily. But for that 97 00:06:01,680 --> 00:06:04,470 you didn't even you didn't even talk about the line, the length 98 00:06:04,470 --> 00:06:06,810 of the line to get into that. Yeah, why don't you once you 99 00:06:06,810 --> 00:06:11,400 fill everybody in, though, I mean, like, Whoa, so we, we get 100 00:06:11,400 --> 00:06:15,420 there and get out of the Uber, and then walk, you know, walk 101 00:06:15,420 --> 00:06:18,630 across there. And it looks like the line is fairly long. So we 102 00:06:18,630 --> 00:06:23,250 start walking down the block, and then we get maybe, I don't 103 00:06:23,250 --> 00:06:27,510 know what, 60 feet. And we're like, yeah, this is right. I 104 00:06:27,510 --> 00:06:30,150 mean, we'll just join the crowd or whatever was moving. It was 105 00:06:30,150 --> 00:06:33,780 moving. Yeah. And then some and then this lady accosted us and 106 00:06:33,780 --> 00:06:36,270 like, you know, y'all get to the back of the line, she started 107 00:06:36,270 --> 00:06:37,050 shooting as a bird. 108 00:06:38,490 --> 00:06:41,220 So we were like, I felt really bad about that. But I didn't 109 00:06:41,220 --> 00:06:44,400 realize until we walked another mile. 110 00:06:45,870 --> 00:06:49,440 And it was still not the back of the line. We went Screw it. Yep, 111 00:06:49,590 --> 00:06:52,290 we went like all the way around the block and then started going 112 00:06:52,290 --> 00:06:56,520 down the backside of the other block. And you're like, no, 113 00:06:56,550 --> 00:06:59,940 let's just go to a bar. Yeah. And so we wait a little bit and 114 00:06:59,940 --> 00:07:02,250 see and then we we got in and 115 00:07:03,360 --> 00:07:07,890 for you know, I think for for our money, the best part of 116 00:07:07,890 --> 00:07:13,200 being there was going you know, going for drinks with with Roy 117 00:07:13,200 --> 00:07:19,080 from breeze and Tim from Ellen pay. Um, you know, having a nice 118 00:07:19,080 --> 00:07:20,160 chat with Tim. 119 00:07:21,300 --> 00:07:24,360 Really just connecting with everybody meeting, I met 120 00:07:24,720 --> 00:07:30,960 Elizabeth Stark from lightning labs, who was very, very 121 00:07:30,960 --> 00:07:34,470 complimentary about all the work that's being done with the 122 00:07:34,470 --> 00:07:37,680 valley for value streaming payments. And this is just, this 123 00:07:37,680 --> 00:07:41,700 is just an accepted thing now you know, this this streaming 124 00:07:41,700 --> 00:07:44,790 value for value it's it's, it's understood, it's accepted. 125 00:07:45,120 --> 00:07:47,640 Either someone has not heard of it at all, or they know all 126 00:07:47,640 --> 00:07:52,590 about it. At least in this crowd, obviously. Yeah, we got 127 00:07:52,590 --> 00:07:55,260 one one of the guys on the mastodon I didn't he was the one 128 00:07:55,260 --> 00:07:57,210 that do the go pocket. 129 00:07:58,500 --> 00:08:01,740 He got a few he got a few of those. And I got some in the 130 00:08:01,740 --> 00:08:05,520 mornings and stuff like that. Yeah, that was that was nice, 131 00:08:05,520 --> 00:08:09,360 but it was good to see all these people they're real they're just 132 00:08:09,360 --> 00:08:09,870 people. 133 00:08:12,330 --> 00:08:17,340 Yeah, it had its fair amount of booth babes and Satoshi slots 134 00:08:17,340 --> 00:08:20,880 and stuff like that walking around. And and there were some 135 00:08:20,880 --> 00:08:22,380 interesting things that happened. You know, 136 00:08:23,430 --> 00:08:27,690 Max Kaiser started his mean fast which and and I started starting 137 00:08:27,690 --> 00:08:31,170 to understand him even more than I did. All right. And I did an 138 00:08:31,170 --> 00:08:34,890 interview for his RT show Kaiser report. Didn't one of those 139 00:08:34,920 --> 00:08:39,570 sweltering bubble tents? Oh, yeah. The Mad Max was pretty. He 140 00:08:39,570 --> 00:08:42,630 was pretty wide action, the convection oven. Yeah, he was 141 00:08:42,630 --> 00:08:45,900 pretty wiped out because he expended so much energy. I'm 142 00:08:45,900 --> 00:08:49,470 sure most people have seen him. Just going nuts on stage at the 143 00:08:49,470 --> 00:08:52,320 opening with the fuck Ilan. We're not selling. 144 00:08:53,400 --> 00:08:58,170 But this is all very calculated. You're now he's doing the fuck 145 00:08:58,200 --> 00:09:04,350 Ilan World Tour, which will kick off off in Austin on July 8. I 146 00:09:04,350 --> 00:09:07,440 didn't know about this tour. Yeah, we're, we're I'm helping 147 00:09:07,440 --> 00:09:09,420 him put it together. There's a couple guys here actually. 148 00:09:10,500 --> 00:09:14,400 Yeah, and we got a venue already booked and sick and just 149 00:09:14,400 --> 00:09:16,950 couldn't be max doing a 45 minutes set first. 150 00:09:18,480 --> 00:09:19,230 punk band. 151 00:09:20,340 --> 00:09:22,680 I want the T shirt with the T shirt with the tour dates on the 152 00:09:22,680 --> 00:09:27,720 back who Oh, yeah, exactly. But he's really meaning it he he 153 00:09:27,720 --> 00:09:33,360 understands exactly how he can use his his position and the you 154 00:09:33,360 --> 00:09:37,530 know, his followers. And this is just a meme. You know, it's a 155 00:09:37,530 --> 00:09:40,590 lot of what Bitcoin is it turns out you know, the the sentiment 156 00:09:40,590 --> 00:09:42,690 of the market is very interesting. 157 00:09:43,860 --> 00:09:45,420 And so I think he's, 158 00:09:46,710 --> 00:09:50,760 he's a really important part of this point in time for Bitcoin 159 00:09:50,760 --> 00:09:55,170 is very interesting to me. Then jack Mahler's, who is 160 00:09:56,340 --> 00:09:59,580 he's the guy behind while zap wallet but also strike 161 00:10:01,829 --> 00:10:04,139 He's very young, he's like in his mid 20s. 162 00:10:06,629 --> 00:10:09,449 Everything in my body wants me to not like him, but I can't 163 00:10:09,449 --> 00:10:13,199 help it. When I hear when I hear I'm like, Ah, you know. 164 00:10:14,759 --> 00:10:17,879 And I think it's because I see some of younger me in him in a 165 00:10:17,879 --> 00:10:20,729 way, you're doing kind of little, little touch of 166 00:10:20,729 --> 00:10:25,499 arrogance there. That's like, Man, it's so much easier if you 167 00:10:25,499 --> 00:10:28,589 tone that down a little bit. But to his whole, the whole thing 168 00:10:28,589 --> 00:10:31,019 kind of represents the the group of 169 00:10:32,520 --> 00:10:38,130 the age group and generation that is so much more open to an 170 00:10:38,130 --> 00:10:43,800 alternative way of society in general. And for them the core 171 00:10:43,800 --> 00:10:47,370 is the money stop talking with our money. And I like that I 172 00:10:47,370 --> 00:10:49,590 really liked that he communicates that quite well. 173 00:10:49,590 --> 00:10:52,680 And then of course, he he also shepherded with a number of 174 00:10:52,680 --> 00:10:55,080 other people but and he is a great face guy. 175 00:10:56,190 --> 00:11:00,030 The adoption of Bitcoin as a national currency and El 176 00:11:00,030 --> 00:11:00,660 Salvador. 177 00:11:01,770 --> 00:11:06,270 Yet someone that's that I'm like you I wanted to and I want to 178 00:11:06,270 --> 00:11:09,270 talk about the El Salvador I want to get in into, I want to 179 00:11:09,270 --> 00:11:12,450 dig in and get deep on El Salvador. But before we do that, 180 00:11:12,780 --> 00:11:18,840 just to wrap up the main point of Bitcoin 2021. I was reading 181 00:11:18,840 --> 00:11:23,970 in Bloomberg this morning. It was a super spreader event. Oh, 182 00:11:23,970 --> 00:11:24,480 did they say? 183 00:11:26,250 --> 00:11:29,730 Super spreader at now I don't know if they meant Coronavirus 184 00:11:29,760 --> 00:11:34,020 or podcasting. 2.0. But a healthy combo I think was 185 00:11:34,020 --> 00:11:40,350 achieved. There. There was maybe I think all totaled it at the 186 00:11:40,350 --> 00:11:46,140 conference itself. I maybe saw in masks. Yeah, if that and most 187 00:11:46,140 --> 00:11:46,290 of the 188 00:11:47,610 --> 00:11:52,530 people who were working the event you're serving food or 189 00:11:52,860 --> 00:11:56,160 something like that. Yeah. Yeah. Now there's some people I wish 190 00:11:56,160 --> 00:11:57,000 had worn masks. 191 00:11:58,260 --> 00:11:58,560 But 192 00:12:02,460 --> 00:12:05,520 definitely, it was definitely a super spreader event. Okay. Hey, 193 00:12:05,520 --> 00:12:07,170 listen, I make the jokes around here. 194 00:12:10,830 --> 00:12:13,650 Alright, let's talk about El Salvador. Do you want to Okay, 195 00:12:13,650 --> 00:12:17,490 yeah, sure. Why not? Well, so let's see. I'm like you I 196 00:12:17,490 --> 00:12:21,150 thought that I thought that maulers I kept wanting to not 197 00:12:21,150 --> 00:12:24,270 like the guy cuz he he's got that arrogance and he's got you 198 00:12:24,270 --> 00:12:27,930 know, who's got the Lambo and all that. By the way? I said 199 00:12:27,930 --> 00:12:30,120 there would be a Lambo and you said there would not be a lamp 200 00:12:30,150 --> 00:12:33,330 there was a Lambo, the former New York banker sent me and sent 201 00:12:33,330 --> 00:12:37,530 me a picture. He said Hey, man, it's not yellow, but it's the 202 00:12:37,530 --> 00:12:41,640 land we have a long standing joke. In my my bachelor days 203 00:12:41,640 --> 00:12:45,840 when I when I divorced, he took me out for drinks. And I said, 204 00:12:45,840 --> 00:12:50,160 Let's buy a Lambo and we decided would be a yellow Lambo with a 205 00:12:50,160 --> 00:12:54,810 midget in bikini driving it and I woke up the next day and and 206 00:12:54,810 --> 00:12:58,320 had to go look on my phone to make sure I hadn't actually 207 00:12:58,320 --> 00:12:58,680 ordered. 208 00:13:00,510 --> 00:13:01,590 man that was bad. 209 00:13:02,760 --> 00:13:06,150 So that's Yes, there was a Lambo. I stand corrected. There 210 00:13:06,150 --> 00:13:09,540 was a lot of shit coin activity going on? Oh, a lot of that. 211 00:13:09,540 --> 00:13:11,790 Yeah, it was not yellow, it was an orange Lambo. 212 00:13:12,900 --> 00:13:16,290 So, yeah, I wanted to not like him because of all that too in 213 00:13:16,290 --> 00:13:22,530 the race car and all that jazz. But then in, then I see you 214 00:13:22,530 --> 00:13:25,650 underestimate this guy. And then you see what the strategy is. 215 00:13:27,270 --> 00:13:30,150 And he's brought amaze right on that mean that it really comes 216 00:13:30,150 --> 00:13:33,870 down to I mean, he's seeing the broader the broader landscape 217 00:13:33,870 --> 00:13:36,990 here, but I don't think that the broader lens I don't think that 218 00:13:36,990 --> 00:13:39,840 what his vision or any of the big one people's vision is. 219 00:13:40,920 --> 00:13:44,820 I don't think any of that really is fully encompassing the whole 220 00:13:44,820 --> 00:13:48,720 picture of what is going on. I mean, clearly it can't see I 221 00:13:48,720 --> 00:13:50,700 think a lot of people are misunderstanding 222 00:13:52,770 --> 00:13:56,940 sort of misunderstanding things from many sides of this I'll say 223 00:13:56,940 --> 00:13:59,370 this I don't think 224 00:14:00,450 --> 00:14:05,250 that we really understand what would happen in any way shape, 225 00:14:05,250 --> 00:14:10,560 form or fashion if multiple countries at once all decided to 226 00:14:10,560 --> 00:14:16,200 do this pandemonium Bitcoin pandemonium yeah the the Bitcoin 227 00:14:16,200 --> 00:14:21,300 people that think that they're all super excited and locked in 228 00:14:21,300 --> 00:14:23,490 and think oh my god, this is just awesome. 229 00:14:24,930 --> 00:14:27,180 They have yet I don't think they fully understand the 230 00:14:27,180 --> 00:14:31,530 ramifications. Oh, I think that El Salvador or one of the next 231 00:14:31,530 --> 00:14:34,950 countries because I think more countries will do this. I look I 232 00:14:34,950 --> 00:14:39,030 have $100 trillion Zimbabwe banknote. I mean those guys 233 00:14:39,030 --> 00:14:40,530 could benefit from something different. 234 00:14:43,350 --> 00:14:46,380 You know, one of these countries is going to you know, they they, 235 00:14:46,770 --> 00:14:47,940 they accept it. 236 00:14:50,010 --> 00:14:52,290 I'm not sure if they will actually exchange it into their 237 00:14:52,320 --> 00:14:54,300 national currency. I forget the name of it. 238 00:14:55,830 --> 00:14:58,620 Well, they use the US dollar. They but they use the US dollar 239 00:14:58,620 --> 00:14:59,940 in general. But you know, so the 240 00:15:01,079 --> 00:15:05,069 The threat now coming out of Janet Yellen his or wherever it 241 00:15:05,069 --> 00:15:08,429 came from the US government. Well, we don't want countries 242 00:15:08,699 --> 00:15:12,629 taking Bitcoin and allowing it to be converted into their local 243 00:15:12,629 --> 00:15:19,679 currency. And by the IMF. Yeah. And if a country does that, I am 244 00:15:19,799 --> 00:15:25,649 quite worried about finding out if the dollar is indeed backed 245 00:15:25,679 --> 00:15:29,549 by the full faith of the United States, because that means the 246 00:15:29,549 --> 00:15:33,479 military. Yeah, that means the military, I mean, Saddam 247 00:15:33,479 --> 00:15:37,769 Hussein, you know, and even What's his name? Gaddafi? Yeah, 248 00:15:37,769 --> 00:15:42,119 they wanted to sell portions of their oil in, in euros. And 249 00:15:42,119 --> 00:15:45,419 there was a talk of a gold dinar that did not work out. Well. 250 00:15:45,899 --> 00:15:49,319 Yeah, the whole African financial union or whatever that 251 00:15:49,319 --> 00:15:52,589 was called. Yeah. But it but on the other hand, just by this 252 00:15:52,589 --> 00:15:56,489 conversation taking place, and by everything that's happening 253 00:15:56,519 --> 00:15:59,819 with Bitcoin, specifically, people are becoming aware of it. 254 00:16:00,299 --> 00:16:04,079 And people are going, huh, it's beautiful to see Tina start to 255 00:16:04,079 --> 00:16:08,249 understand what's really going on. And the issue is, unless you 256 00:16:08,249 --> 00:16:11,159 really study the monetary system, you know, then you kind 257 00:16:11,159 --> 00:16:14,759 of, you kind of might know it a little bit. And you might start 258 00:16:14,759 --> 00:16:17,399 hearing about fractional reserve banking. And then when you start 259 00:16:17,399 --> 00:16:20,729 to look in how everything works, like, oh, holy crap, and it's 260 00:16:20,729 --> 00:16:24,119 just beautiful to see people start to understand that and go, 261 00:16:24,119 --> 00:16:25,589 Oh, this is not a good idea. 262 00:16:26,970 --> 00:16:31,890 I've got it. This is a complex topic. And it took me a few days 263 00:16:31,890 --> 00:16:35,880 to really just sort of get my mind in the gear that I've felt 264 00:16:35,880 --> 00:16:38,910 like I kind of understood where I even stood with it. 265 00:16:41,490 --> 00:16:46,110 Because I think this is, well, let me let me read part of this. 266 00:16:46,110 --> 00:16:47,460 And I got some clips. 267 00:16:49,410 --> 00:16:52,230 This, I don't even remember where this article came from. 268 00:16:52,230 --> 00:16:56,670 But I think this kind of compresses everything into the 269 00:16:56,670 --> 00:17:00,630 most pertinent data here. And it says, 270 00:17:01,800 --> 00:17:04,020 and there's they're talking about Bitcoin becoming legal 271 00:17:04,020 --> 00:17:06,540 tender, tender and El Salvador, and it says the move also brings 272 00:17:06,540 --> 00:17:10,500 financial risks, experts say as the cryptocurrency gains and 273 00:17:10,500 --> 00:17:15,510 loses huge amounts of value in a flash at times overnight. Okay, 274 00:17:15,660 --> 00:17:20,010 I think the first thing to remember is that those gains and 275 00:17:20,010 --> 00:17:26,430 losses of value are in relation to the dollar. Yeah, that does 276 00:17:26,430 --> 00:17:32,070 not, that does not accurately reflect. There's a whole idea 277 00:17:32,070 --> 00:17:35,340 between Austrian economics and monetary you know, and other 278 00:17:35,340 --> 00:17:39,030 monetary systems. And I would consider myself an Austrian is 279 00:17:39,060 --> 00:17:43,590 that is the subject, you know, subjective value of money, and 280 00:17:43,650 --> 00:17:49,920 the money as a store of value. And so, a lot of people think 281 00:17:49,920 --> 00:17:53,310 money is some hard monies are a quote unquote, store of value, 282 00:17:53,310 --> 00:17:56,610 but that's not as that's not as solid as a lot of people think. 283 00:17:57,150 --> 00:18:01,290 That's, that's way more squishy in and depending on how you look 284 00:18:01,290 --> 00:18:06,150 at it. And I think that as far as local, local things going on 285 00:18:06,150 --> 00:18:10,140 within El Salvador, this currency, Bitcoin as a currency 286 00:18:10,140 --> 00:18:14,490 may not fluctuate nearly as much as it does on a global currency 287 00:18:14,490 --> 00:18:19,500 market. So I'm not as I'm not so concerned about, I think that's 288 00:18:19,500 --> 00:18:22,650 a little bit of fun. Well, it's, it comes down to the long term 289 00:18:22,650 --> 00:18:26,160 time preference where someone's knows that against their local 290 00:18:26,160 --> 00:18:26,940 currency, 291 00:18:28,380 --> 00:18:31,260 the the satoshis, they're receiving may be less than 292 00:18:31,260 --> 00:18:35,940 value. But they know that long term, it's going to be much, 293 00:18:35,970 --> 00:18:39,030 it's going to be more valuable. For instance, SATs that were in 294 00:18:39,030 --> 00:18:42,960 boosts that were streamed to me four days ago, are now worth 295 00:18:42,960 --> 00:18:48,090 10%. More. Yeah. So you know, once you start pricing in SATs, 296 00:18:48,090 --> 00:18:53,010 and I surprised myself, at how seamlessly I converted to 297 00:18:53,010 --> 00:18:56,730 satoshis. And I'm no longer really doing conversions in my 298 00:18:56,730 --> 00:19:00,090 head anymore. It's just I can feel it's like, oh, 500,000 299 00:19:00,090 --> 00:19:02,670 SATs. Oh, that's, I know what that's worth, you know, without 300 00:19:02,670 --> 00:19:04,860 even really translating it to the actual number. 301 00:19:05,880 --> 00:19:08,550 Yeah, I do that when I refill my wallets and the podcast apps I 302 00:19:08,550 --> 00:19:11,790 kind of just instinctively know about what I want to stand in, 303 00:19:11,940 --> 00:19:14,910 in terms of SATs not in terms of dollars, you know, right away. I 304 00:19:14,910 --> 00:19:20,100 in terms of dollars, I quintuple boosted pod land today. No, I 305 00:19:20,100 --> 00:19:22,620 gave them 10,000 SATs over the course of the whole episode. 306 00:19:23,910 --> 00:19:27,450 It was fantastic. Yeah. Yeah. They know that they know the 307 00:19:27,450 --> 00:19:31,200 system now. But this, but this is what I'm talking about. That 308 00:19:31,200 --> 00:19:37,620 was a listener, pod producer interaction that resulted in a 309 00:19:37,620 --> 00:19:40,440 real value transfer something you couldn't you know, it's 310 00:19:40,440 --> 00:19:43,140 fungible, you can use that value somewhere else, not just between 311 00:19:43,140 --> 00:19:46,740 the two of us. Yeah, this is a big deal. And we for some reason 312 00:19:46,740 --> 00:19:50,370 overnight, and maybe it's portions of you and I boosting 313 00:19:50,370 --> 00:19:54,450 but we got a lot of transactions. So that's 314 00:19:54,450 --> 00:19:58,050 interesting. So you post that yeah, I mean, like, like, like 315 00:19:58,050 --> 00:19:59,520 double what we normally get 316 00:20:00,000 --> 00:20:03,240 Come on overnight, and it went and it wasn't necessarily big. 317 00:20:04,770 --> 00:20:10,410 Because I look at the counts instead of the total amount. So 318 00:20:10,410 --> 00:20:13,800 it was just a general increase, increase the action. Yes. Yes. 319 00:20:13,800 --> 00:20:16,500 So either people were listening longer or more people were 320 00:20:16,500 --> 00:20:19,260 listening. You know, I look at the podcast index. Okay, it 321 00:20:19,260 --> 00:20:23,280 looks like we got four people per minute. Coming in, you know, 322 00:20:23,280 --> 00:20:27,510 that's, that's kind of a good good spot for a minute, four 323 00:20:27,510 --> 00:20:28,380 payments a minute. 324 00:20:29,640 --> 00:20:32,580 But anyway, I'm sorry, back to El Salvador. Oh, no, that's 325 00:20:32,580 --> 00:20:37,470 fine. Yeah. So the the the next part of this thing says words 326 00:20:37,470 --> 00:20:39,180 I'd never thought would come out of my mouth. 327 00:20:40,200 --> 00:20:42,180 Now, back to El Salvador. 328 00:20:43,230 --> 00:20:44,430 Yes, Adam. Thank you very much. 329 00:20:45,570 --> 00:20:50,640 El Salvador this. So this next piece it says El Salvador's 330 00:20:50,640 --> 00:20:54,690 economy depends heavily on money sent back from abroad. Yeah. 331 00:20:55,050 --> 00:20:58,170 remitting a court. Yeah, according to the World Bank, the 332 00:20:58,170 --> 00:21:00,630 so called remittances to the country made up nearly $6 333 00:21:00,630 --> 00:21:06,120 billion, or almost 20%. of its GDP. I mean, 20% of, of El 334 00:21:06,120 --> 00:21:11,070 Salvador's GDP, is coming from repatriated money from overseas 335 00:21:11,100 --> 00:21:14,850 donor debts, evidently on a consistent basis of which 50% 336 00:21:14,880 --> 00:21:18,720 only really gets there, I think, some astronomical number. Yeah. 337 00:21:18,720 --> 00:21:21,630 And so that that brings me That is what made me realize that 338 00:21:21,630 --> 00:21:22,470 jack Mahler's 339 00:21:23,490 --> 00:21:26,970 this was the perfect wedge strategy that he used, because 340 00:21:27,000 --> 00:21:34,530 light lightning is literally a is a zero thi trans transmission 341 00:21:34,530 --> 00:21:38,760 mechanism Exactly. To get money from anywhere in the world into 342 00:21:38,760 --> 00:21:44,490 El Salvador. Yep. And that is, I mean, that's a pretty 343 00:21:44,520 --> 00:21:49,890 impressive, impressive strategy for a 20 something year old to 344 00:21:49,890 --> 00:21:52,920 realize that income, you know, and I'm sure he's not, and he 345 00:21:52,920 --> 00:21:55,350 didn't just figure that out yourself. I mean, there's 346 00:21:55,350 --> 00:21:58,470 clearly some more stuff going on. And he also he has he has 347 00:21:58,470 --> 00:22:02,070 ties to El Salvador, I think, does he? Yeah, yeah. He was 348 00:22:02,070 --> 00:22:05,250 there for three months. And I forget what the story is, but it 349 00:22:05,250 --> 00:22:06,180 doesn't matter. It's. 350 00:22:07,590 --> 00:22:07,890 Well, 351 00:22:09,330 --> 00:22:11,340 that's the other thing people may not realize is that El 352 00:22:11,340 --> 00:22:15,990 Salvador already had a robust Bitcoin market. Oh, yeah. It's 353 00:22:15,990 --> 00:22:19,950 not, it's not like a hell of a lot changed. Except for some 354 00:22:19,950 --> 00:22:24,330 legalities and recognition. And that usually drives culture. 355 00:22:25,170 --> 00:22:28,200 Well, that's makes me nuts. Another thought that I had is 356 00:22:28,200 --> 00:22:32,430 that, you know, when? Let me see if what, let me see what clip 357 00:22:32,430 --> 00:22:35,400 ahead. By the way, I think Nigeria would be the one to go 358 00:22:35,400 --> 00:22:38,700 next. I mean, they do not, they might even tell America, 359 00:22:39,720 --> 00:22:44,100 Nigeria is bursting. They have the same problem. remittances 2 360 00:22:44,100 --> 00:22:49,020 million Nigerians are in the rest of the world, sending money 361 00:22:49,020 --> 00:22:49,560 back. 362 00:22:50,910 --> 00:22:53,460 Yeah, that I mean, any any country that's in that 363 00:22:53,460 --> 00:22:54,240 situation. 364 00:22:55,260 --> 00:22:59,490 I mean, like, why would that? Let's see, then. Then you get 365 00:22:59,490 --> 00:23:02,730 into the deaths when you get into the geopolitics is when 366 00:23:02,730 --> 00:23:05,910 this stuff happened. So I just started trying to get a 367 00:23:06,330 --> 00:23:10,500 thumbnail sketch of what El Salvador is all about. Because I 368 00:23:10,500 --> 00:23:15,000 know I usually go on to under to sort of ideas when whenever some 369 00:23:15,000 --> 00:23:20,010 story like this comes out in number one, that our first 370 00:23:20,010 --> 00:23:22,110 understanding was stories, probably wrong. 371 00:23:24,000 --> 00:23:28,320 And number two, the media, in general, just cobbled together 372 00:23:28,800 --> 00:23:32,820 narratives from the people that are the most vocal about a 373 00:23:32,820 --> 00:23:36,030 subject. And those are usually going to be geopolitical actors, 374 00:23:36,030 --> 00:23:40,020 like NGOs and financially interested parties and that kind 375 00:23:40,020 --> 00:23:43,560 of thing. So it doesn't help you to really just just go out and 376 00:23:43,560 --> 00:23:46,440 read a bunch of headline stories, you really have to dig 377 00:23:46,440 --> 00:23:49,230 in deeper to find out what's going on. And if you dig into El 378 00:23:49,230 --> 00:23:54,150 Salvador, I mean, the narratives are just all over the map. And 379 00:23:54,510 --> 00:23:59,790 yet, Ms. 13, and Trump's deal with them on immigration, 380 00:23:59,790 --> 00:24:06,450 remittances, NGO money, drug drugs, human trafficking, you've 381 00:24:06,450 --> 00:24:10,230 got all of these, these different things there. And I 382 00:24:10,260 --> 00:24:13,260 even saw something about some something somebody said the 383 00:24:13,260 --> 00:24:17,580 Spanish central bank, as central bank of Spain, because El 384 00:24:17,580 --> 00:24:21,150 Salvador used to be a colony of Spain. Yeah, that the Spanish 385 00:24:21,150 --> 00:24:24,330 central bank still holds like a huge amount of gold 386 00:24:25,350 --> 00:24:28,080 that they won't give back to El Salvador, there's all these 387 00:24:28,080 --> 00:24:32,520 things going on. And so you look at a development like that. And 388 00:24:32,520 --> 00:24:36,330 you're like, Oh, well, you have to understand that there's a lot 389 00:24:36,330 --> 00:24:39,330 going on that you don't know. And the presumption I have is 390 00:24:39,330 --> 00:24:43,740 that. Kaylee, is that his name? Okay. That okay? Yeah, yeah. 391 00:24:44,310 --> 00:24:49,680 Yeah, he's, he's Gen Z. And I my presumption is he understands, 392 00:24:50,940 --> 00:24:53,790 but he's also Trump. Play, play. 393 00:24:54,840 --> 00:24:59,430 Play. Play boo, boo. Boo. Kaylee is Trump light, elbow, cat, 394 00:24:59,430 --> 00:25:00,000 American. 395 00:25:00,000 --> 00:25:04,110 Roll the land Narathiwat. The toll pies certkiller Ross and 396 00:25:04,110 --> 00:25:07,740 editor at the independent new site alfonzo says boo Kelly with 397 00:25:07,740 --> 00:25:11,430 his voracious tweets and attacks on the press control the 398 00:25:11,430 --> 00:25:15,030 narrative in the country framing himself as a great reformer. 399 00:25:15,480 --> 00:25:18,660 That as well as his perceived handling of the pandemic and 400 00:25:18,660 --> 00:25:22,620 free food handouts has kept him very popular. His approval 401 00:25:22,620 --> 00:25:25,080 ratings frequently top 90% 402 00:25:26,160 --> 00:25:30,330 I mean, he's a he's a voracious tweeter. And yeah, well, 403 00:25:30,360 --> 00:25:33,360 populist. He could not be more polar opposite Trump when it 404 00:25:33,360 --> 00:25:36,870 comes to Bitcoin. No, yes. True. Yeah, you want to play that one? 405 00:25:38,130 --> 00:25:41,850 Oh, yeah. Okay, I see you're sure a Bitcoin I just seems like 406 00:25:41,850 --> 00:25:42,450 a scam. 407 00:25:43,650 --> 00:25:48,540 I was surprised. You know, with us, it was at 6000. And much 408 00:25:48,540 --> 00:25:52,230 lower. I don't like it because it's another currency competing 409 00:25:52,230 --> 00:25:55,830 against the dollar, essentially, it's a currency. Now, this 410 00:25:55,860 --> 00:25:57,150 particular quote by him 411 00:25:58,350 --> 00:26:00,690 is important for a number of reasons. One, he says it's 412 00:26:00,720 --> 00:26:01,950 essentially a currency. 413 00:26:02,970 --> 00:26:07,050 That's not the generally accepted view by the United 414 00:26:07,050 --> 00:26:10,080 States government, they treated as property not as a currency, 415 00:26:10,620 --> 00:26:14,490 you can be taxed on it as property. He also says, under 416 00:26:14,520 --> 00:26:19,470 us, it was 6000, which leads me to believe if he were to become 417 00:26:19,470 --> 00:26:23,040 president, again, he would do his best to suppress the price 418 00:26:23,040 --> 00:26:27,000 again, but he's not by suppressing Bitcoin, but by 419 00:26:27,000 --> 00:26:30,330 making the dollar stronger. So he understands exactly how this 420 00:26:30,330 --> 00:26:34,410 works. And he knows that, I think, and I think he's very 421 00:26:34,410 --> 00:26:35,220 smart, actually, 422 00:26:36,540 --> 00:26:40,680 in this regard, that, that he knows that this thing is not 423 00:26:40,680 --> 00:26:41,520 going away. 424 00:26:42,630 --> 00:26:47,640 What I would worry about is how he might respond to countries, 425 00:26:47,880 --> 00:26:53,340 you know, the astronauts converting US dollars into local 426 00:26:53,340 --> 00:26:57,300 currency through the, the the lightning network or the 427 00:26:57,300 --> 00:26:58,800 methodology of Bitcoin. 428 00:26:59,880 --> 00:27:02,400 Because that might drive him crazy, because he knows that the 429 00:27:02,400 --> 00:27:06,570 only reason why the United States we have this, this kind 430 00:27:06,570 --> 00:27:10,410 of fallback position is like, hey, it's our money. You know, 431 00:27:10,440 --> 00:27:12,330 you don't use our money you fucked, you know, I was like, 432 00:27:12,360 --> 00:27:16,050 I'm sorry, this is this. That's what it is. So we would have to, 433 00:27:16,440 --> 00:27:19,650 and I think the United States can do it. I think we're very 434 00:27:19,650 --> 00:27:24,960 creative people, we would have to compete on on our quality and 435 00:27:24,960 --> 00:27:28,920 our intelligence and our creativity. And you know, 436 00:27:28,950 --> 00:27:33,360 nothing would just be a given if we move to a complete Bitcoin 437 00:27:33,360 --> 00:27:37,530 standard Bitcoin economy where, you know, everything's kind of 438 00:27:37,740 --> 00:27:39,420 Oh, G equal. 439 00:27:41,010 --> 00:27:44,100 This, I mean, this is a direct shot over the bow of the 440 00:27:44,100 --> 00:27:47,970 Economic Hitman model of geopolitics. Yes, yes. 441 00:27:48,090 --> 00:27:52,380 Absolutely. And you know, that, and that's the, that's the US 442 00:27:52,380 --> 00:27:55,920 dollar. And I don't know, see, that's the thing. I just don't 443 00:27:55,920 --> 00:27:59,220 know what is going to ultimately happen out of all this, the 444 00:27:59,220 --> 00:28:03,210 cynic and the cynic in me wants to say, Oh, well, I know what's 445 00:28:03,210 --> 00:28:07,980 going to happen. More is coming. But possibly at the same at the 446 00:28:07,980 --> 00:28:10,710 same time. I guess what stems a little bit of that cynicism, 447 00:28:10,710 --> 00:28:17,400 though, is this larger idea that I think we saw at the conference 448 00:28:17,400 --> 00:28:23,340 too, and with with Trump, so you have Trump coming out, sort of 449 00:28:23,520 --> 00:28:26,790 not coming out, but I mean, Trump going public against 450 00:28:26,790 --> 00:28:31,200 Bitcoin in a in a clear statement, will then you also 451 00:28:31,200 --> 00:28:35,910 have the the swamp so to speak, who is also anti Bitcoin. So 452 00:28:35,910 --> 00:28:38,130 there's this brain freeze, there's a well Trump doesn't 453 00:28:38,130 --> 00:28:41,130 like it, but we don't like it either. What do we do? Well, 454 00:28:41,130 --> 00:28:45,930 then you add to that another, another piece, which is some of 455 00:28:45,930 --> 00:28:51,390 this new hurted in that clip A while ago with Kaylee, and he 456 00:28:51,390 --> 00:28:56,340 said he's got a 90% approval rating. He's we hate you know, 457 00:28:56,340 --> 00:28:58,530 it's like we hate this guy. Surprise, surprise. 458 00:28:59,820 --> 00:29:03,270 He really has clean things things are better and his people 459 00:29:03,270 --> 00:29:07,230 love him so it's like what do you do? Well, I say one thing 460 00:29:07,230 --> 00:29:11,340 that the war is already started the war is on I mean, the 461 00:29:11,340 --> 00:29:15,720 natural war the war against Bitcoin is on for short. That's 462 00:29:15,720 --> 00:29:18,360 what this rent is a part of what this is, is this ransomware 463 00:29:18,360 --> 00:29:18,990 business 464 00:29:20,640 --> 00:29:24,720 because it and that's what Ilan was all about in Bitcoin bad 465 00:29:24,780 --> 00:29:29,730 Bitcoin stop the gas flow Bitcoin. And this is my favorite 466 00:29:29,730 --> 00:29:34,020 is destroying the earth. That with its energy use, and this is 467 00:29:34,020 --> 00:29:37,080 the one two punch that I that is brilliant from Max Kaiser, 468 00:29:37,290 --> 00:29:38,430 because it came from him. 469 00:29:39,510 --> 00:29:45,000 He said, Hey, bitcoins going to use the volcanic energy in El 470 00:29:45,000 --> 00:29:49,290 Salvador, which is they have it they have thermal energy plants 471 00:29:49,320 --> 00:29:52,170 that are you know, right at the volcano taking the heat from the 472 00:29:52,170 --> 00:29:55,770 volcano. And you know, and the finance minister or wherever 473 00:29:55,770 --> 00:29:58,830 else in El Salvador Yeah, of course, is a great idea is the 474 00:29:58,830 --> 00:29:59,970 best way to do Bitcoin. 475 00:30:01,410 --> 00:30:04,980 The war is on really we're literally going to convert the 476 00:30:04,980 --> 00:30:09,810 carbon coming out of the earth to money. Yeah. That is like, 477 00:30:09,990 --> 00:30:12,480 there again, that's that brain freeze. It's like the 478 00:30:13,799 --> 00:30:17,489 another example. here's here's another example. The Laura 479 00:30:17,489 --> 00:30:21,449 Loomer, jack Dorsey thing. That was fantastic. That was so 480 00:30:21,449 --> 00:30:26,069 beautiful to see. They had no the crowd in that auditorium had 481 00:30:26,069 --> 00:30:29,429 no idea how to react like a frozen like a dumb kangaroo 482 00:30:29,429 --> 00:30:31,199 stuck in the headlights of the Roo shooter. 483 00:30:32,280 --> 00:30:35,220 What What's happening here? She's calling him a human rights 484 00:30:35,220 --> 00:30:39,000 abuser, because he the platform's politicians. And like 485 00:30:39,000 --> 00:30:43,680 what but but it's jack man is jack. Little bit a little bit of 486 00:30:43,680 --> 00:30:46,950 that to adoration at this conference in general. Oh, man 487 00:30:46,950 --> 00:30:49,590 is that guy Oh, oh. Oh, yeah. 488 00:30:51,330 --> 00:30:53,460 played this. Okay, this is from 489 00:30:54,540 --> 00:30:57,690 see, okay. I want you to play Vietnam brain freeze, but I may 490 00:30:57,690 --> 00:30:59,730 I may stop it in the middle. It's a little bit of a long 491 00:30:59,730 --> 00:31:04,320 clip. But this comes from that documentary called, can't get 492 00:31:04,320 --> 00:31:08,970 you out of my head. Adam Curtis, Adam Curtis. And I'll say this. 493 00:31:09,210 --> 00:31:13,800 That documentary is weird. It's it's very it's tough to go from 494 00:31:13,800 --> 00:31:16,710 episode to episode like, what where did it end? And why am I 495 00:31:16,710 --> 00:31:20,610 seeing this? Yeah. You at the end when you're finished 496 00:31:20,610 --> 00:31:24,150 watching it. If you watch all six parts, you know that you 497 00:31:24,150 --> 00:31:27,450 just watched something extremely important and brilliant. But you 498 00:31:27,450 --> 00:31:29,970 don't know why. Exactly. 499 00:31:33,150 --> 00:31:37,200 In 1979, a Frenchman called Berner Krishna, who had founded 500 00:31:37,200 --> 00:31:42,210 medicines frontier charter had no cargo ship. And he went to 501 00:31:42,210 --> 00:31:45,540 rescue 1000s of starving refugees trapped on a tiny 502 00:31:45,540 --> 00:31:45,900 island. 503 00:31:47,400 --> 00:31:49,740 refugees that no one else seemed to care about. 504 00:31:51,660 --> 00:31:54,030 They were fleeing from the new communist government that had 505 00:31:54,030 --> 00:31:55,200 taken over Vietnam. 506 00:31:56,700 --> 00:32:00,120 Too many liberals in the West, the communists had been heroes 507 00:32:00,300 --> 00:32:01,830 in their fight against America. 508 00:32:03,330 --> 00:32:07,470 I mean, the boat people now facing piracy, an example. 509 00:32:08,400 --> 00:32:13,410 attacked by pirates. 10 times in a trip is still alive, and 510 00:32:13,410 --> 00:32:18,510 nobody are taking care of them. And that's our purpose. It's not 511 00:32:18,510 --> 00:32:21,720 possible to shut up now. Kushner's actually had a 512 00:32:21,720 --> 00:32:23,400 powerful effect in the West. 513 00:32:24,420 --> 00:32:27,330 Because it started to undermine the self belief of a whole 514 00:32:27,330 --> 00:32:30,780 generation who saw themselves as radical and pure. 515 00:32:32,340 --> 00:32:36,780 That possibly being good was not as easy as it seemed. Okay, you 516 00:32:36,780 --> 00:32:41,850 can study it. That's that line being good is maybe not as easy 517 00:32:41,850 --> 00:32:47,160 as it seems. That just seems to sum up so much of what is 518 00:32:47,160 --> 00:32:50,100 happening geopolitically right now. Yeah, because you had and 519 00:32:50,100 --> 00:32:52,740 he's talking about the, you know, the boat people, the 520 00:32:53,130 --> 00:32:56,790 people that fled Vietnam after the US pulled out in, you know, 521 00:32:57,000 --> 00:33:01,110 starting in 75. And continued for two decades afterwards, was 522 00:33:01,110 --> 00:33:02,460 like almost a million people. 523 00:33:03,660 --> 00:33:09,780 The, and the liberals, who had criticized the US involved, 524 00:33:09,780 --> 00:33:13,140 rightly so criticized the US involvement in the war. You 525 00:33:13,140 --> 00:33:16,680 know, they, they had to sort of face this humanitarian crisis, 526 00:33:16,680 --> 00:33:21,240 like, you know, I was ours, I remember the boat people. I was 527 00:33:21,240 --> 00:33:22,740 alive when that when that happened. 528 00:33:23,820 --> 00:33:27,000 It was like 40,000 people living on this little island starving 529 00:33:27,000 --> 00:33:30,060 to death, because they fled the brute, you know, the brutal 530 00:33:30,060 --> 00:33:33,690 communism of the North Vietnamese net in there again, 531 00:33:33,810 --> 00:33:38,160 that I think that you can't say, and it needs to be clear that 532 00:33:38,160 --> 00:33:42,150 you can't say that this is this I did everything right, this or 533 00:33:42,150 --> 00:33:46,020 this. I did everything right. The real reality is complicated. 534 00:33:46,260 --> 00:33:50,130 And reality has all kinds of contributing, complicating 535 00:33:50,130 --> 00:33:54,600 factors to and truths and truths. Yeah, exactly. And so 536 00:33:54,600 --> 00:33:58,800 you, you know, you can hat. And but that's not the way everybody 537 00:33:58,800 --> 00:34:02,220 wants to see things. Everybody wants to see things in a clean 538 00:34:02,460 --> 00:34:06,870 left, right? dichotomy, but it's just not like that. And that's 539 00:34:06,870 --> 00:34:10,260 not realistic. So whenever you have these things, like jack 540 00:34:10,260 --> 00:34:13,620 Dorsey is, you know, ad platforms, people on left and 541 00:34:13,620 --> 00:34:17,370 right, yeah, all the time off of Twitter. But yet we want to see 542 00:34:17,370 --> 00:34:21,060 him as a Bitcoin hero. Yeah, no, you gotta. That's not the way 543 00:34:21,060 --> 00:34:26,430 this stuff works. But I think that that whole idea is just 544 00:34:26,430 --> 00:34:29,580 beginning to show itself more and more, you can see it with. 545 00:34:29,760 --> 00:34:34,140 Okay, well, do we want el Salvadorans to be economically 546 00:34:34,140 --> 00:34:38,490 independent? Because this article talks about 70% of El 547 00:34:38,490 --> 00:34:41,550 Salvador's population lacks access to traditional financial 548 00:34:41,550 --> 00:34:46,440 services, right? And so, like, you can do, do we want the 549 00:34:46,440 --> 00:34:49,740 people of Latin American to be economically independent? Yes. 550 00:34:50,160 --> 00:34:53,520 But do we want them to do it in such a way? And I'm speaking as 551 00:34:53,520 --> 00:34:56,550 just some general, you know, bystander, do we want them to do 552 00:34:56,550 --> 00:34:59,970 it in such a way that like takes us off our podium and input 553 00:35:00,000 --> 00:35:04,950 essentially gives them the power to have their own, you know, 554 00:35:05,070 --> 00:35:06,270 system independent. 555 00:35:08,460 --> 00:35:09,630 can't have that. 556 00:35:10,860 --> 00:35:13,170 Yeah. But then if they if they go off on their own and have 557 00:35:13,170 --> 00:35:17,160 their own financial independence, well, then we we 558 00:35:17,160 --> 00:35:21,480 can't control them. Yes, very Exactly. So I mean, it's this 559 00:35:21,480 --> 00:35:25,470 brain freeze that people are having where they want to, they 560 00:35:25,470 --> 00:35:29,550 want to help, but they don't want the results of the help. 561 00:35:30,300 --> 00:35:31,680 Well, there's a lot. 562 00:35:33,120 --> 00:35:35,340 That's not the only reason I don't think to me, it's just 563 00:35:35,340 --> 00:35:36,810 like podcasting. 2.0. 564 00:35:37,890 --> 00:35:42,690 You know, everybody wants to make it really successful. But 565 00:35:42,690 --> 00:35:46,290 squirrel Facebook is doing podcasting squirrel, you know? 566 00:35:46,770 --> 00:35:50,130 Yeah. So people and, and I, deep down, I think everyone 567 00:35:50,130 --> 00:35:54,360 understands the importance of an independent podcast 568 00:35:54,360 --> 00:35:56,010 infrastructure and ecosystem. 569 00:35:57,810 --> 00:36:00,960 Which, by the way, when you start using it with value for 570 00:36:00,960 --> 00:36:06,210 value, you start making money from day one, from our one, I 571 00:36:06,210 --> 00:36:09,630 mean, who can give you that? It's true, I was thinking about 572 00:36:09,630 --> 00:36:12,870 that. If you're set up and you got one person testing, if 573 00:36:12,900 --> 00:36:16,410 you're making money right away, yeah, you have to wait for some, 574 00:36:16,980 --> 00:36:17,790 you know, some 575 00:36:19,530 --> 00:36:23,940 reconciliation with, with the agents and the broker and the ad 576 00:36:23,940 --> 00:36:27,120 agency and the network and whatever. And then, you know, 577 00:36:27,450 --> 00:36:31,680 it's still pennies. It's just you get in right away with us? 578 00:36:31,980 --> 00:36:35,460 Well, that's what Bob, that's it, when it comes down to it. 579 00:36:35,850 --> 00:36:38,850 The revelation that I had, sort of this week, it's been swirling 580 00:36:38,850 --> 00:36:41,580 around in my mind since last year, when we started this whole 581 00:36:41,580 --> 00:36:47,370 thing, of what why do I care so much about, about free speech 582 00:36:47,370 --> 00:36:50,490 and not add to and not jumping in the middle as an editorial as 583 00:36:50,490 --> 00:36:55,710 an edit editor? And it's because of this, this whole topic, it's 584 00:36:55,710 --> 00:37:00,180 because reality is more complicated than we want to make 585 00:37:00,180 --> 00:37:04,920 it. And if we, if we are only looking at it from one side, and 586 00:37:04,920 --> 00:37:08,280 let's just say, the American side and this issue, or this the 587 00:37:08,280 --> 00:37:13,260 side of the West, quote, unquote, then you're excluding 588 00:37:13,260 --> 00:37:18,540 an entire view of, of what is happening in that country. 589 00:37:18,870 --> 00:37:23,190 Indeed, you're not even seeing in, in that. So from that 590 00:37:23,190 --> 00:37:29,250 perspective, like, it is so hard to you cannot just it's not 591 00:37:29,250 --> 00:37:32,880 hard, it's impossible to sit back as a third party and make 592 00:37:32,910 --> 00:37:38,040 unbiased decisions about speech. And whether those things that 593 00:37:38,070 --> 00:37:42,480 somebody is saying is independently right or wrong. It 594 00:37:42,480 --> 00:37:46,530 from only your side of the fence. And and I think I think 595 00:37:46,530 --> 00:37:50,070 this, these sorts of things, just show it clearly in 596 00:37:50,070 --> 00:37:54,810 Colorado, and I'm uncomfortable making concrete decisions about 597 00:37:54,810 --> 00:37:59,520 other people's speech because of that. And so I think like, 598 00:37:59,520 --> 00:38:02,910 that's, that's what I'm trying to get at is these, these issues 599 00:38:02,910 --> 00:38:06,420 where it shows up and everybody freezes. They are, they're so 600 00:38:06,420 --> 00:38:09,240 helpful, because the good moments, yes, yes, the good 601 00:38:09,240 --> 00:38:12,720 moments Exactly. And people will get that I had that moment 602 00:38:12,720 --> 00:38:16,740 myself a little bit, although in a different way. Watching the 603 00:38:16,740 --> 00:38:20,460 apple WWDC video, you know, okay. 604 00:38:21,900 --> 00:38:26,490 Well, the first thing is like, wow, this is it's beautiful. I 605 00:38:26,490 --> 00:38:29,040 mean, everything they make is just beautiful. Look at how that 606 00:38:29,040 --> 00:38:32,940 flows. It's seamless, you know, moving shit across devices and 607 00:38:32,940 --> 00:38:35,490 Windows. We've all seen them when it's been around, but they 608 00:38:35,490 --> 00:38:38,760 just make it work so elegantly. And then you just see you 609 00:38:38,760 --> 00:38:43,050 realize, as you get more and more into it, they are closing 610 00:38:43,110 --> 00:38:48,450 the door there, they are raising the walls even higher and 611 00:38:48,660 --> 00:38:52,830 already the content that you can or cannot get. I mean, they are 612 00:38:52,860 --> 00:38:57,720 effectively disregarding podcasting altogether. They're 613 00:38:57,720 --> 00:39:01,320 disregarding it all they care about, well, you know, that the 614 00:39:01,320 --> 00:39:05,550 quality shows in their mind, which is the same subjective 615 00:39:06,270 --> 00:39:11,070 evaluation of speech or free speech is something good or not. 616 00:39:12,090 --> 00:39:14,730 But they so they have certain ideas, what quality stands for 617 00:39:14,730 --> 00:39:18,030 and that would typically be from organizations, you know, that 618 00:39:18,030 --> 00:39:22,440 are established medias companies, etc, right? And 619 00:39:22,440 --> 00:39:26,010 they'll do their subscription services, of which Apple takes 620 00:39:26,010 --> 00:39:32,430 30% or 15. If you do well, and then they just don't care. They 621 00:39:32,430 --> 00:39:36,630 do not care. And they're going to determine what you can and 622 00:39:36,630 --> 00:39:40,290 cannot consume on the inside and that end, they're not bashful. 623 00:39:40,290 --> 00:39:41,190 That's part of their, 624 00:39:42,360 --> 00:39:45,210 of their, their marketing is we keep you safe. 625 00:39:46,230 --> 00:39:50,670 Yeah, I talk to a podcast hosting company got on the phone 626 00:39:50,670 --> 00:39:54,360 this week. And I was we were having the same conversation. 627 00:39:54,690 --> 00:39:56,070 And he was saying that. 628 00:39:57,510 --> 00:39:59,970 He said, Well, you know, I think they think it 629 00:40:00,000 --> 00:40:02,970 You know, Apple cares about that. He said, I don't think 630 00:40:02,970 --> 00:40:05,880 they would want to disrupt the whole advertising industry. And 631 00:40:05,880 --> 00:40:09,660 I said, You know, I completely disagree with that. I don't 632 00:40:09,660 --> 00:40:13,230 think that they would want to, but I don't think they care one 633 00:40:13,260 --> 00:40:16,860 bit if they do, nope. And because, you know, that was one 634 00:40:16,860 --> 00:40:20,010 of the things that came out of the apple thing. Is everybody 635 00:40:20,010 --> 00:40:23,280 talking about private relay, and everything going through VPN? 636 00:40:23,310 --> 00:40:26,700 And this is going if I'll go ahead and plant my flag here, 637 00:40:27,300 --> 00:40:32,730 you know, write it down, is that if right now, it's supposedly 638 00:40:32,730 --> 00:40:34,740 only Safari, that's gonna everything's gonna be going 639 00:40:34,740 --> 00:40:37,860 through this private relay? Oh, no, it is everything through it. 640 00:40:38,190 --> 00:40:42,720 Yeah, it'll extend to the, it'll extend to the rest of the OS. 641 00:40:42,780 --> 00:40:49,110 Yep. And Apple will block one go block dangerous URLs. And 642 00:40:49,110 --> 00:40:51,570 they'll, they'll block it. And it will look like from an 643 00:40:51,570 --> 00:40:54,210 advertising from the IB perspective, it'll look like 644 00:40:54,210 --> 00:40:56,610 let's deliver on coming. It'll look like everything's coming 645 00:40:56,610 --> 00:41:00,090 from the same address. And then it's gonna legally break is 646 00:41:00,090 --> 00:41:04,020 going to completely break download stats. I don't know how 647 00:41:04,020 --> 00:41:09,780 long it'll take. But within the next three years, they are going 648 00:41:09,780 --> 00:41:14,460 to completely break down traditional downloads, 649 00:41:14,460 --> 00:41:16,920 statistics coming from podcasting on the apple 650 00:41:16,920 --> 00:41:20,040 platform, okay, let me plant my flag in three years, it won't 651 00:41:20,040 --> 00:41:20,490 matter. 652 00:41:21,960 --> 00:41:26,580 podcasting, 2.0 in three years, Dave, we're not even where we 10 653 00:41:26,580 --> 00:41:30,270 months now, we've already fulfilled our promises, you 654 00:41:30,270 --> 00:41:34,110 know, one preserve podcasting as a platform for free speech, to 655 00:41:35,400 --> 00:41:38,370 turn it into a platform of value, which the entire 656 00:41:38,370 --> 00:41:44,670 ecosystem benefits. And along those lines, I wanted our app 657 00:41:44,670 --> 00:41:48,330 developers in particular, to take note, you know, I had we 658 00:41:48,330 --> 00:41:52,890 had a nice time with Roy and Roy came in from Tel Aviv. And he 659 00:41:52,890 --> 00:41:56,610 really, he really came to see us, I think, you know, mainly, 660 00:41:56,640 --> 00:42:00,330 of course, he knows everybody in the, in the business has been in 661 00:42:00,330 --> 00:42:03,600 it quite a while. But now this is small company, but it's a 662 00:42:03,600 --> 00:42:05,850 company and they have investors and 663 00:42:06,930 --> 00:42:11,730 they have staked their business on this. the seriousness of 664 00:42:12,930 --> 00:42:17,280 Brees being a player as a as a in the in the podcast app space, 665 00:42:17,280 --> 00:42:21,450 this, this this, it's a big part of their, their business, you 666 00:42:21,450 --> 00:42:23,340 know, they're raised money on it, because they say, hey, look, 667 00:42:23,340 --> 00:42:26,940 we're making actual money. Yeah, it's bits and bobs here and 668 00:42:26,940 --> 00:42:31,470 there, although they they do 5% no one complains, I might add. 669 00:42:33,090 --> 00:42:36,960 And yeah, I mean, we have a lot of negotiation against ourselves 670 00:42:37,950 --> 00:42:38,820 in this business. 671 00:42:40,290 --> 00:42:44,970 And, you know, he's so serious about Bitcoin overall lightning 672 00:42:44,970 --> 00:42:50,340 specifically, you know, that we agreed that, that we would work 673 00:42:50,340 --> 00:42:56,190 out a way to with the first test, use the web ln protocol in 674 00:42:56,190 --> 00:42:59,640 the breeze app so that you can bring up a web app. And in this 675 00:42:59,640 --> 00:43:02,760 case, now, he doesn't want another podcast app 676 00:43:02,760 --> 00:43:03,720 understandably. 677 00:43:05,460 --> 00:43:09,090 But for just video, and we're working with, 678 00:43:10,500 --> 00:43:15,150 with Steve B, of Curio caster, to get that implemented with web 679 00:43:15,150 --> 00:43:19,260 ln hooks. And that's a game changer. 680 00:43:20,280 --> 00:43:22,680 Yeah, I think you need to explain what that means to 681 00:43:22,680 --> 00:43:25,200 people. Because we had nobody has any idea what you're talking 682 00:43:25,200 --> 00:43:27,330 about with web ln. Okay. 683 00:43:29,220 --> 00:43:33,900 So there's a protocol called web ln, which allows you to have 684 00:43:33,900 --> 00:43:34,650 regular 685 00:43:36,720 --> 00:43:39,930 web links, I guess, web hooks, you'd call them or whatever, to 686 00:43:39,930 --> 00:43:43,260 interact with a lightning nodes API. 687 00:43:44,820 --> 00:43:47,670 And if you've ever used the lightning wallet, and you've 688 00:43:47,670 --> 00:43:51,120 looked at the marketplace, that's pretty much all web ln, 689 00:43:51,120 --> 00:43:54,270 it's just a web browser. But it's, it's not giving you full 690 00:43:54,270 --> 00:43:57,420 web browser capability. Accepting the blue wallet, they 691 00:43:57,420 --> 00:43:58,230 do have that. 692 00:43:59,700 --> 00:44:03,180 And so the idea is in the future, this is the way I 693 00:44:03,180 --> 00:44:06,270 envision it in the future, you will download a browser, and 694 00:44:06,270 --> 00:44:10,500 that browser will be a wallet. And it works like a browser does 695 00:44:10,500 --> 00:44:13,200 everything your browser does all this you know, it's it's a 696 00:44:13,200 --> 00:44:16,110 chromium based from I don't care what it is. But then when you 697 00:44:16,110 --> 00:44:21,000 hit a page that says, hey, you've got to pay for this or 698 00:44:21,180 --> 00:44:24,780 support this here. You just tap on it and boom, you got a 699 00:44:24,780 --> 00:44:25,890 cocktail, it 700 00:44:28,110 --> 00:44:32,910 it then makes the payment right from that wallet. So the 701 00:44:32,910 --> 00:44:37,170 marketplace in the breeze app. Every single one of those 702 00:44:37,170 --> 00:44:40,170 choices, you're basically just hitting another web page only 703 00:44:40,170 --> 00:44:42,930 you don't see it that way. Just look, you know, it's a web app 704 00:44:42,990 --> 00:44:45,930 is what it is only it's a web app with hooks to the wallet 705 00:44:45,930 --> 00:44:49,140 that it's functioning in, which is the only way to do it right 706 00:44:49,140 --> 00:44:53,220 now on both of the major OSS. And that brings it and that 707 00:44:53,220 --> 00:44:56,310 brings us right back to the Apple thing, which was Oh, he 708 00:44:56,310 --> 00:44:59,760 got kicked. Yeah, the blue wallet in the blue wallet had 709 00:44:59,760 --> 00:45:00,000 that been 710 00:45:00,000 --> 00:45:04,530 I was in there, and the Apple Store kicked him out. Did they? 711 00:45:04,560 --> 00:45:07,320 Did that happen within the last couple of days? No, no, this 712 00:45:07,320 --> 00:45:10,230 was, I think this was a year and a half ago, they had to remove 713 00:45:10,230 --> 00:45:13,320 that, because from what I understand from Roy, is that 714 00:45:13,320 --> 00:45:18,810 Apple does not allow dynamic content in their apps, it, you 715 00:45:18,810 --> 00:45:21,120 might as well give up, I mean, it's gonna be web apps or 716 00:45:21,120 --> 00:45:27,270 nothing is over you. They will take you to court every single 717 00:45:27,270 --> 00:45:30,690 time to fight you on anything that they consider to be their, 718 00:45:30,870 --> 00:45:32,280 their terrain, their turf. 719 00:45:33,390 --> 00:45:37,140 And that's the that's look as they look at what they did with 720 00:45:37,170 --> 00:45:40,020 digital gift cards. So they said they came out in this new app 721 00:45:40,020 --> 00:45:44,100 store policy. If you sell digital gift cards in your app, 722 00:45:44,340 --> 00:45:48,420 we're going to start taking 30% of that. The only way if you 723 00:45:48,420 --> 00:45:53,310 sell physical gift cards, like whatever now that's okay. But 724 00:45:53,310 --> 00:45:55,620 digital gift cards, we're going to start we're going to start 725 00:45:55,650 --> 00:45:59,580 from this from this day forward taking 30% Yeah, that that's 726 00:45:59,580 --> 00:46:06,900 going to destroy an off ramp for for Bitcoin, the trend in 727 00:46:06,900 --> 00:46:09,900 Bitcoin is no coincidence. no coincidence is coming now. Of 728 00:46:09,960 --> 00:46:15,000 course. Yeah, of course, that is just look, the tone, the tone 729 00:46:15,000 --> 00:46:19,170 deafness in the arrogance that that company has sometimes just 730 00:46:19,200 --> 00:46:22,920 just baffles me, because they This is a company that's already 731 00:46:23,100 --> 00:46:27,120 on thin ice in so many circles for anti competitive behavior 732 00:46:27,120 --> 00:46:31,650 and behavior for App Store, price gouging, and all these 733 00:46:31,650 --> 00:46:34,350 kinds of things. And then they just, what do they do they do 734 00:46:34,350 --> 00:46:37,890 they take a more humility position. No, they look around 735 00:46:37,890 --> 00:46:40,860 and say, is there anything falling through the cracks here 736 00:46:40,860 --> 00:46:45,570 that we have not sucked? Every last? Yeah. Oh, this one? 737 00:46:45,570 --> 00:46:48,960 giftcards Get it? Get it before it gets away? No, it's like, Are 738 00:46:48,960 --> 00:46:52,110 you kidding me? You know, and I don't think that I don't think 739 00:46:52,110 --> 00:46:55,800 people understand that. Like, if you go into the breeze, 740 00:46:56,940 --> 00:47:00,720 breeze app, if you're playing podcasts, they're one of the 741 00:47:00,720 --> 00:47:04,110 things you can do is you can do a thing called bit refill, which 742 00:47:04,110 --> 00:47:07,140 you can take your bath your balance in the breeze wallet, 743 00:47:07,470 --> 00:47:11,430 and you can go and buy like an Amazon gift card. No anything. 744 00:47:11,430 --> 00:47:15,720 No anything is not just I mean, you can literally buy a code for 745 00:47:15,750 --> 00:47:20,070 anything you can think of employees will use it to get an 746 00:47:20,100 --> 00:47:23,340 Uber Yeah, his credit card got jam because of his you know, 747 00:47:23,340 --> 00:47:27,180 overseas travel or, you know, maybe the company's bankrupt I 748 00:47:27,180 --> 00:47:30,030 mean, it could be who knows, you just can then 749 00:47:31,290 --> 00:47:34,890 saved his bacon to get an Uber Yeah, but Apple is gonna is 750 00:47:34,890 --> 00:47:39,690 about now can have that there's also the the real hack of bit 751 00:47:39,690 --> 00:47:46,380 refill, is you can also put it into a bit refill wallet. So you 752 00:47:46,380 --> 00:47:50,310 take $5 and SATs, it goes in boom, they'll give you your 753 00:47:50,310 --> 00:47:53,760 price right away is almost no commission for that I think zero 754 00:47:53,760 --> 00:47:58,320 actually, boom, it's dollars in your in your bit refill wallet, 755 00:47:58,800 --> 00:48:02,640 oh, that's a good way to hedge you know, to hedge your, your 756 00:48:02,670 --> 00:48:06,450 your money, if you need some access to cookbooks, then you 757 00:48:06,450 --> 00:48:08,790 can have it right there. And and I'm not kidding, you need to you 758 00:48:08,790 --> 00:48:11,850 need to fly boom, it's you can do it with airlines, you need to 759 00:48:11,910 --> 00:48:15,870 grocery shopping, but everybody has a card of one sort or the 760 00:48:15,870 --> 00:48:19,800 other. And you can really order almost anything you need. And 761 00:48:19,830 --> 00:48:23,730 think about it from the standpoint of a developer. What 762 00:48:23,850 --> 00:48:27,060 exactly, I don't know if you read that article by Marco about 763 00:48:27,060 --> 00:48:31,800 the terrible Developer Relations course course it was a seminal 764 00:48:31,800 --> 00:48:39,630 article, what in the world does that transaction have to do with 765 00:48:39,660 --> 00:48:45,720 Apple that they could take that they could justify 30% 30 a 766 00:48:45,720 --> 00:48:50,970 third of the transaction total of you taking money out of a 767 00:48:51,840 --> 00:48:56,250 Bitcoin out of a wallet in an app that you that you have, and 768 00:48:56,250 --> 00:49:00,090 go and do a transaction through what is essentially a WebView 769 00:49:00,090 --> 00:49:04,380 wrapper in the ass with another with another party what I mean 770 00:49:04,380 --> 00:49:09,330 that is no different than taking a gift card that you bought 771 00:49:09,360 --> 00:49:14,640 through an email and plugging it into Safari on iOS into the 772 00:49:14,640 --> 00:49:18,270 Amazon website. Again, the writing is on the wall 773 00:49:19,380 --> 00:49:23,160 it's gonna it's you're gonna have to make web apps I there's 774 00:49:23,160 --> 00:49:26,910 no other way to look at it and you might as well start now if 775 00:49:26,910 --> 00:49:29,400 you plan to be on Apple now Apple will become less and less 776 00:49:29,400 --> 00:49:33,150 important over time. They go you know, it's there's only so many 777 00:49:33,150 --> 00:49:36,090 people can afford a Range Rover and kind of put it at that 778 00:49:36,090 --> 00:49:38,550 level. Now not Rolls Royce, although they have Rolls Royce 779 00:49:38,550 --> 00:49:41,940 features but it's a Range Rover. And you know, that's expensive. 780 00:49:43,740 --> 00:49:45,660 But for my for me, 781 00:49:46,680 --> 00:49:49,740 I'm I've already opted out of so many things of quote unquote 782 00:49:49,740 --> 00:49:50,550 normal life. 783 00:49:52,410 --> 00:49:56,160 I've always tried to get off of Apple, and the hardest part was 784 00:49:56,160 --> 00:50:00,000 the phone. And this graphing iOS gives me the same 785 00:50:00,000 --> 00:50:03,090 Same amount of joy that I used to get from an apple except now, 786 00:50:03,420 --> 00:50:06,570 hey, there's an update to the to the stable channel and it's 787 00:50:06,570 --> 00:50:09,960 loads that day, you know, I get new features all the time. 788 00:50:10,980 --> 00:50:14,880 It's, yeah, I know that if if I want to suggest something I know 789 00:50:14,880 --> 00:50:19,230 where to find the people who are doing it. I mean, that's, it's, 790 00:50:19,290 --> 00:50:23,160 it's a much it's not it's not quite as beautiful. It's not a 791 00:50:23,160 --> 00:50:26,580 Range Rover. It's just not there's not a lot either. 792 00:50:27,900 --> 00:50:33,900 Well, when, you know when at when, when Apple gets to when, 793 00:50:34,770 --> 00:50:39,090 when they do these sorts of things. And safe think it's like 794 00:50:39,090 --> 00:50:42,870 in their mind, they think they are making their platform more 795 00:50:42,870 --> 00:50:47,010 attractive by raising the quality evidently of the app to 796 00:50:47,010 --> 00:50:50,160 be sort of a native first class app. What they're doing is 797 00:50:50,160 --> 00:50:53,850 they're just driving people away from the platform. Because I 798 00:50:53,850 --> 00:50:57,930 don't I mean, like I'm so close to bailing on on on our phone. 799 00:50:57,960 --> 00:51:00,750 Well, I built I build when they fucked up USB, that's when I 800 00:51:00,750 --> 00:51:04,170 bailed like, okay, you don't care about professionals? Yeah, 801 00:51:04,830 --> 00:51:07,530 there's always there's going to be something with each person in 802 00:51:07,530 --> 00:51:12,810 as crazy as it may sound, this gift card thing really, really 803 00:51:12,810 --> 00:51:16,950 griped me to know. Yeah, it may be something as simple as that 804 00:51:16,950 --> 00:51:19,800 that could some something seemingly innocuous to probably 805 00:51:19,800 --> 00:51:23,310 most people that that makes me just jump, jump ship and get and 806 00:51:23,310 --> 00:51:26,520 get out of this thing. I'm just I'm just tired of it. Let's 807 00:51:26,520 --> 00:51:28,770 reach out to Marco. I'd love to talk to him. Let's get him on 808 00:51:28,770 --> 00:51:30,480 the show. If he's interested. I think it would 809 00:51:32,010 --> 00:51:34,740 love to talk I want to find out. I want to know I want to get to 810 00:51:34,740 --> 00:51:39,900 know him. And I'm a podcaster dammit. Talk to me. 811 00:51:43,140 --> 00:51:47,940 Pretty good. Roy is awesome. love getting me here. Tim from 812 00:51:47,940 --> 00:51:51,060 LNP is awesome. Yeah. And we worked out with without saying 813 00:51:51,060 --> 00:51:53,880 too much. Because we're still figuring it out. I think we 814 00:51:53,880 --> 00:51:59,160 figured out a good genes mom experience for for podcasters 815 00:52:00,720 --> 00:52:04,080 that we're working on now. I'm gonna see if we can make all the 816 00:52:04,080 --> 00:52:08,640 pieces fit together. Yeah, yes. Well, yeah, we're pretty excited 817 00:52:08,640 --> 00:52:11,880 about that. Yeah, I'm pretty excited about that. The good 818 00:52:11,880 --> 00:52:15,690 technology out there meet meeting people in person is so 819 00:52:15,720 --> 00:52:19,590 nice. No, no, I mean, you can get some you can sit down with 820 00:52:19,590 --> 00:52:21,960 somebody and with a beer and talk about something and get 821 00:52:21,960 --> 00:52:26,220 something hashed out and like so quick note on. Yeah, yeah, yeah, 822 00:52:26,280 --> 00:52:30,000 1/100 of the time it takes to like, go back and forth across 823 00:52:30,000 --> 00:52:32,850 the internet a million times. Let's talk a little bit about 824 00:52:32,850 --> 00:52:34,740 some of the other things that have been going on. 825 00:52:35,940 --> 00:52:36,930 pod ping update. 826 00:52:39,300 --> 00:52:43,020 Well, Brian got has got himself funded. Yeah, I 827 00:52:44,850 --> 00:52:49,410 love that. I love that true value for value, the circle of 828 00:52:49,410 --> 00:52:49,860 life. 829 00:52:50,880 --> 00:52:55,290 Does the dhf the decentralized hi fund, I think is what it's 830 00:52:55,290 --> 00:52:59,250 called. And they put out that out there as a project. And 831 00:52:59,250 --> 00:53:03,750 evidently, the way it works, I'm not 100% sure on everything, all 832 00:53:03,750 --> 00:53:08,160 the details, but evidently, the DA, people vote for your 833 00:53:08,160 --> 00:53:11,760 project. And then you use say, Okay, well, I want this amount 834 00:53:11,760 --> 00:53:15,360 of money to help me work on this project. 835 00:53:16,380 --> 00:53:20,460 And everybody votes on it. And then if if your vote gets over a 836 00:53:20,460 --> 00:53:24,960 certain threshold, you just get the money. It's kind of like, 837 00:53:25,230 --> 00:53:26,730 cast the pot in France. 838 00:53:29,550 --> 00:53:32,460 Without the socialist, without the socialism 839 00:53:34,980 --> 00:53:37,980 was beautiful because it shows that both systems can 840 00:53:37,980 --> 00:53:42,960 contribute. That's a completely capitalist system, the hive 841 00:53:43,200 --> 00:53:47,190 fund. Although of course capitalist doesn't mean people 842 00:53:47,190 --> 00:53:50,700 aren't philanthropic. Because we know you got to you got to drive 843 00:53:50,700 --> 00:53:53,760 innovation somehow, or the socialist way, which know that 844 00:53:53,760 --> 00:53:56,940 you have to drive innovation, and then just comes down to 845 00:53:57,270 --> 00:54:00,780 checking the boxes. Yeah, filling out the right forms. 846 00:54:00,810 --> 00:54:01,200 Yeah. 847 00:54:02,460 --> 00:54:05,760 Yeah, that's Mm hmm. I'm glad I'm so glad for him. Because 848 00:54:05,760 --> 00:54:08,610 he's just put he's put so much effort into this. This is great. 849 00:54:08,610 --> 00:54:12,240 And we will, we've got well we finally get this namespace talk 850 00:54:12,270 --> 00:54:13,620 because that ties into this 851 00:54:15,300 --> 00:54:17,460 anytime to me, now it's time for some 852 00:54:18,600 --> 00:54:22,380 namespace, I have to say that the hot namespace talk we did in 853 00:54:22,380 --> 00:54:24,450 Miami was great in person. 854 00:54:26,280 --> 00:54:27,090 Don't you do that? 855 00:54:29,700 --> 00:54:31,260 So the namespace 856 00:54:32,310 --> 00:54:38,850 it's all phase four. Excuse me. Phase Three. is done except for 857 00:54:38,850 --> 00:54:43,710 I'm going to also formalize the EU ID tag. working on that right 858 00:54:43,710 --> 00:54:47,250 now. This is the this is the global 859 00:54:48,450 --> 00:54:53,370 ID that curriculum was talking about this on pod land and I and 860 00:54:53,430 --> 00:54:57,840 I wouldn't mind a quick explainer of how important the 861 00:54:57,840 --> 00:54:59,970 geo ID is yet 862 00:55:00,000 --> 00:55:05,400 So one of the problems is there is no universal ID within 863 00:55:05,400 --> 00:55:09,930 podcasting, so everybody uses the Feed URL. So I've got a 864 00:55:10,230 --> 00:55:15,870 podcast over here called Dave's Killer podcast. And the Feed URL 865 00:55:15,870 --> 00:55:21,300 is on his own RSS Comm. And it's, you know, deeds dot RSS, 866 00:55:21,330 --> 00:55:27,270 calm slash 123456, blah, blah, blah, dot dot XML. So that's how 867 00:55:27,270 --> 00:55:28,770 everybody knows me. 868 00:55:29,820 --> 00:55:36,900 Or, or either they use the apple podcast ID or the iTunes ID. 869 00:55:37,410 --> 00:55:40,290 Well, if you're not, if you're not in Apple, you don't have to 870 00:55:40,290 --> 00:55:43,200 guess you don't have one of those. Right. So what are we 871 00:55:43,200 --> 00:55:46,680 going to assign everybody an ID? Is that what I'm hearing? Well, 872 00:55:46,710 --> 00:55:50,700 the open the standard will assign everybody Nandi. Yes, the 873 00:55:50,730 --> 00:55:55,110 that's, that's what this will be. So if the problem this is 874 00:55:55,110 --> 00:55:58,290 trying to solve, there's multiple problems. But the 875 00:55:58,290 --> 00:56:04,920 biggest one is that if Dave's amazing podcast at RSS calm, 876 00:56:05,100 --> 00:56:08,790 then moves over to fireside 877 00:56:09,810 --> 00:56:14,550 now, the Feed URL is different. And nobody knows who nobody 878 00:56:14,550 --> 00:56:20,640 knows is the same. So the best. Okay. The best case scenario is 879 00:56:20,640 --> 00:56:24,960 I had I had an apple id, an apple podcast ID or an iTunes 880 00:56:24,960 --> 00:56:29,700 ID. And then I went into Apple podcast connect and change my 881 00:56:29,700 --> 00:56:33,720 Feed URL. And then somebody goes somebodies aggregator goes in 882 00:56:33,720 --> 00:56:38,130 behind me checks the Feed URL returned by Apple's iTunes API 883 00:56:38,460 --> 00:56:41,070 and sees that it has a different Feed URL and switches it in 884 00:56:41,070 --> 00:56:44,340 their database. Right? That's, that's best case scenario. 885 00:56:44,400 --> 00:56:47,520 Obviously, that's less than ideal for an open podcasting 886 00:56:47,520 --> 00:56:51,150 ecosystem. Worst case scenario is 887 00:56:52,230 --> 00:56:55,860 aggregators pick this up as a second feed. And now you have a 888 00:56:55,860 --> 00:57:00,150 duplicate. Yep. So the database holds, holds, holds two copies, 889 00:57:00,150 --> 00:57:05,370 a day's amazing podcast, one at RSS comm one at farside. So what 890 00:57:05,370 --> 00:57:11,310 this would do God, what this is is is going to do is 891 00:57:12,690 --> 00:57:17,370 everybody gets it as their podcast stands, at the moment 892 00:57:17,370 --> 00:57:21,720 when they implement this tag this tag. And this will be a 893 00:57:21,720 --> 00:57:26,970 it'll be podcast colon God, at the moment, a podcast implements 894 00:57:26,970 --> 00:57:31,980 that geo ID tag, that will take the current Feed URL of their 895 00:57:31,980 --> 00:57:36,960 podcast. And they will create what's called a UID, five hash. 896 00:57:37,230 --> 00:57:41,610 And that is a it's a Sha one hash combined with a particular 897 00:57:41,610 --> 00:57:45,450 seed value. That's called a namespace. And so you have you 898 00:57:45,450 --> 00:57:52,020 ID namespaces. And we, we have created a namespace number. So 899 00:57:52,020 --> 00:57:56,070 you'll take as your as your inputs to the s Sha one hash 900 00:57:56,070 --> 00:57:59,370 will take your current Feed URL as it is at the moment this 901 00:57:59,370 --> 00:58:03,240 thing is generated, and combine it with that namespace, 902 00:58:03,690 --> 00:58:09,360 identifier, and it'll spit out a value. And that value is what 903 00:58:09,360 --> 00:58:14,550 you're going to plug into the geo ID tag. Okay? Once that 904 00:58:14,550 --> 00:58:19,530 happens, you've just assigned yourself a geo ID on that God 905 00:58:19,530 --> 00:58:22,530 will never change for the life of your podcast no matter how 906 00:58:22,530 --> 00:58:27,270 many different host hopping you do. So if if you move from one 907 00:58:27,270 --> 00:58:31,800 podcast host to the next in that podcast, if I moved from RSS 908 00:58:31,830 --> 00:58:38,400 calm to fireside then what fireside should do as an open 909 00:58:38,670 --> 00:58:42,360 standard. Our slides should look it should read my feed when it 910 00:58:42,360 --> 00:58:48,090 goes to import it. See the GNC the gu ID tag and pull that in 911 00:58:48,090 --> 00:58:52,140 and continue to use it for this for the new for the podcast. So 912 00:58:52,140 --> 00:58:56,610 now a year your gu ID that was assigned at one point in time is 913 00:58:56,610 --> 00:59:00,870 now is now traveling with you as you go through the podcast 914 00:59:00,870 --> 00:59:01,620 ecosystem. 915 00:59:03,360 --> 00:59:07,590 Very cool. So yeah, but anyway, supposed to so yeah, so you 916 00:59:07,590 --> 00:59:08,040 can't 917 00:59:09,510 --> 00:59:12,930 you can't reverse engineer the Feed URL from the from that 918 00:59:12,930 --> 00:59:16,830 hash. Can you know Sha one's a one way font? Okay. All right. 919 00:59:17,490 --> 00:59:23,850 Yeah, but this, this will allow for a lot of benefits. Okay, so 920 00:59:23,970 --> 00:59:24,720 what we need 921 00:59:26,430 --> 00:59:32,670 is a widget that I can put on my website or I can tweet that says 922 00:59:32,730 --> 00:59:36,960 get my gu ID. Yeah, just so people get comfortable with it. 923 00:59:38,610 --> 00:59:44,400 Here I am. This is my unique podcast, geo ID. And you can we 924 00:59:44,400 --> 00:59:50,280 can get it. We can do it on QR codes. T shirts. Ooh, that'd be 925 00:59:50,280 --> 00:59:56,340 very sexy. foreheads the tattoos. Yeah, yeah. And of 926 00:59:56,340 --> 00:59:59,970 course a QR code, no dynamite. So then is 927 01:00:00,000 --> 01:00:03,870 Real easy to subscribe to stuff and all this other jazz because 928 01:00:03,870 --> 01:00:08,640 it's universally known. Yeah. And we will bring this in as 929 01:00:08,640 --> 01:00:11,640 soon as we put this thing out, which hoping to get it out this 930 01:00:11,640 --> 01:00:15,750 weekend. As soon as we put this thing in the in the spec I'm 931 01:00:15,750 --> 01:00:21,720 going to put in to, to track these gu IDs into our database, 932 01:00:21,720 --> 01:00:24,240 and then there will be a public dump. You know, it'll come out 933 01:00:24,240 --> 01:00:26,460 into the feed dump that we do every week. We're just going to 934 01:00:26,460 --> 01:00:29,340 spam the world with gu IDs. Yeah, we'll just do it, 935 01:00:29,340 --> 01:00:31,080 everybody. We're 936 01:00:32,370 --> 01:00:35,550 blasting our good goo over your people. Nice. Yeah. 937 01:00:36,810 --> 01:00:41,400 And so then, so it'll allow for thinos easier subscriptions for 938 01:00:41,400 --> 01:00:43,500 things it'll allow for now. 939 01:00:44,670 --> 01:00:48,660 So this now the only people who really need to adopt this is 940 01:00:49,590 --> 01:00:53,250 these people who either have web apps, regular apps, anyone who 941 01:00:53,250 --> 01:00:56,130 accesses the functionality of the index no matter where it is, 942 01:00:56,130 --> 01:00:57,120 I guess webpages 943 01:00:58,560 --> 01:01:02,820 directories. Yeah, so so that you can like if you want to 944 01:01:02,820 --> 01:01:07,020 address yourself, like if you want to find a podcast on, you 945 01:01:07,020 --> 01:01:09,930 know, overcast, yeah, well, then, you know, you'll have to 946 01:01:09,930 --> 01:01:12,870 know how they add the internal IDs for overcast if you want to, 947 01:01:12,900 --> 01:01:16,170 or maybe they use Apple IDs, or if you want to find it on 948 01:01:16,170 --> 01:01:19,320 downcast well, then you have to know their internal IDs. And 949 01:01:19,320 --> 01:01:21,540 then the same with podcast index, you'd have to know are in 950 01:01:21,600 --> 01:01:26,100 decent, right, right. Right now this is right. Yeah, yeah. So 951 01:01:26,700 --> 01:01:30,930 how do we get people to adopt this? Well, we put it in the 952 01:01:30,930 --> 01:01:33,930 wind the same way we get them to adopt everything we put you hold 953 01:01:33,930 --> 01:01:37,470 a gun to their head implementer this puppy dies. 954 01:01:39,060 --> 01:01:42,510 We threatened to have a trip Scott put nasty images of them 955 01:01:42,510 --> 01:01:47,460 in the chat of your of your damn possum. Yeah, exactly. Over 956 01:01:47,460 --> 01:01:51,480 there breakfast. Oh, man. It's a foolproof plan that works every 957 01:01:51,480 --> 01:01:55,170 time. Should we thank a few people. Dave. Isn't that foreign 958 01:01:55,170 --> 01:01:58,140 to the show? We're an hour in. Yeah, I mean, I hope people are 959 01:01:58,140 --> 01:02:00,540 still with us. They might have gone. I don't know what this 960 01:02:00,540 --> 01:02:05,100 board meeting is. El Salvador. The health? Yeah. And we did 961 01:02:05,100 --> 01:02:07,380 kind of spend a long time it's my fault. We did spend a long 962 01:02:07,380 --> 01:02:12,030 time on Salvador. That's why we talked about it. That's that's 963 01:02:12,030 --> 01:02:14,490 why there's a fast forward button. No, but we don't have to 964 01:02:14,490 --> 01:02:17,190 end the show. I'm just saying let's just do that now. And then 965 01:02:17,190 --> 01:02:20,760 we can talk as long as we want. I'm in no rush. 966 01:02:21,960 --> 01:02:26,970 See? Yeah, we got people, man. We got lots of people. Let's see 967 01:02:26,970 --> 01:02:28,050 what we got. Oh. 968 01:02:30,270 --> 01:02:35,730 See, john lips gave us 111 11. Nice. 969 01:02:37,440 --> 01:02:42,930 I've seen I've seen lips. bed. Yeah, he's a he's a no agenda 970 01:02:42,930 --> 01:02:47,460 producer to send me stuff. Yeah. Thank you, man. Oh, here it is. 971 01:02:47,490 --> 01:02:50,820 He and he had a note. If for some reason when I printed these 972 01:02:50,820 --> 01:02:52,650 out, they're printed out double sided. 973 01:02:54,690 --> 01:02:55,800 Hey, you can't crumple them 974 01:02:57,150 --> 01:03:01,200 for free t shirt. He said this is no free t shirt. Good. 975 01:03:01,200 --> 01:03:02,940 podcasting. Yeah, crumple. 976 01:03:06,240 --> 01:03:09,570 Preserve podcasting calm. Happy Father's Day hugs. 977 01:03:11,610 --> 01:03:12,810 Thanks. Thank you, john. 978 01:03:14,580 --> 01:03:18,030 JOHN, i don't i don't think i got a T shirt mailing address. 979 01:03:18,480 --> 01:03:21,870 We need to have that sending him out the T shirts or in India of 980 01:03:21,870 --> 01:03:23,640 Roy's address, I promise ROI one. 981 01:03:24,720 --> 01:03:31,530 I don't think I do. I'm the only name. So. So Eric is clearly 982 01:03:31,530 --> 01:03:34,020 annoyed by my lack of organization with the T shirts. 983 01:03:35,430 --> 01:03:40,290 Because he created a spreadsheet in the blogs. And he was like, 984 01:03:40,320 --> 01:03:42,660 do we have who we're gonna send these to, you know who we're 985 01:03:42,660 --> 01:03:46,170 gonna send these to? And like, click, you know, like, Eric, if 986 01:03:46,170 --> 01:03:48,630 he was in charge of this, he would be like he would have 987 01:03:48,630 --> 01:03:51,150 already created like a webform. And it would be updating a 988 01:03:51,150 --> 01:03:54,570 spreadsheet and sending it to the shipper automatic. All this 989 01:03:54,570 --> 01:03:57,870 nice stuff. With me, I'm like, Okay, if you want to share it, 990 01:03:57,870 --> 01:03:59,640 give us an email. And he's like, no. 991 01:04:03,180 --> 01:04:06,210 Anyway, sorry. My apologies, Eric. I totally screwed this up. 992 01:04:06,240 --> 01:04:10,440 We'll get the streamline we will. Yeah. But he said that 993 01:04:10,620 --> 01:04:14,310 he's going to ship out the first batch. I worked on max Kaiser's 994 01:04:14,790 --> 01:04:19,170 RT show. So I'm working proudly published, right. Yeah, I don't 995 01:04:19,170 --> 01:04:21,120 know. I don't know what their schedule is. It could take a 996 01:04:21,120 --> 01:04:25,200 week or two. I have no idea. Okay. Oh, and also, just as a 997 01:04:25,200 --> 01:04:27,780 side note, I haven't promoted this but Cridland talked about 998 01:04:27,780 --> 01:04:31,500 it on pod land. I'm on the cover of radio ink. 999 01:04:32,850 --> 01:04:38,550 Yeah, this print money. It is a print magazine. And it is uh, 1000 01:04:38,730 --> 01:04:41,070 you know, they got a big conference coming up and we'll 1001 01:04:41,070 --> 01:04:44,550 be talking. It's all about podcasting. 2.0 The problem I 1002 01:04:44,550 --> 01:04:47,550 have is, I don't know. I mean, we sent them a whole bunch of 1003 01:04:47,550 --> 01:04:52,800 pictures. I look like I look horrendous on the cover. I can't 1004 01:04:52,830 --> 01:04:57,270 I get sick to my stomach looking at myself. Like what the hell is 1005 01:04:57,270 --> 01:04:59,970 this picture why it's 1006 01:05:00,000 --> 01:05:06,000 Ah oh my god I have a fair amount of vanity but this is oh 1007 01:05:06,000 --> 01:05:10,290 my god and Tina's like oh, it's not that bad well you know what 1008 01:05:10,290 --> 01:05:11,100 that is in chicks 1009 01:05:12,840 --> 01:05:17,640 Oh, I haven't read the article yet but oh my goodness well if 1010 01:05:17,640 --> 01:05:20,040 they're gonna you know usually when you're like if you get an 1011 01:05:20,040 --> 01:05:22,560 article or featured and now they're sending me copies 1012 01:05:22,560 --> 01:05:24,840 they're sending me copies and maybe should just call them and 1013 01:05:24,840 --> 01:05:25,530 tell them tilson that 1014 01:05:26,640 --> 01:05:29,220 I want to read the article is not online. I want to I want to 1015 01:05:29,220 --> 01:05:32,040 read I want to read it. But anyway, this is it's a big push 1016 01:05:32,040 --> 01:05:34,500 and we're talking to radio people so they understand a lot 1017 01:05:34,500 --> 01:05:38,040 of this stuff, so be fun anyway, that's gonna be gonna be talking 1018 01:05:38,040 --> 01:05:45,180 though. At the end like a July 14 I believe it is. Yeah. A 1019 01:05:45,180 --> 01:05:47,520 keynote fireside chat. 1020 01:05:48,660 --> 01:05:52,440 Yeah, I know. It means I don't have to go anywhere. I can stay 1021 01:05:52,440 --> 01:05:56,670 home. Stay home in your robe. And yes, I show all right, you 1022 01:05:56,670 --> 01:05:59,160 got it. Uh, where my robe Hello? 1023 01:06:00,660 --> 01:06:05,730 Spencer from bowl after bowl podcast gave us $100 Oh, man, 1024 01:06:05,730 --> 01:06:08,640 the bowl after bowl guys are pushing the value for value so 1025 01:06:08,640 --> 01:06:12,870 hard. Yeah, he you know, he came in with with a whimper and he is 1026 01:06:12,870 --> 01:06:16,080 just coming out. Like he's, he's developing a roar over there. 1027 01:06:16,080 --> 01:06:18,810 That's that's a there's a lot of people that like that podcast, 1028 01:06:18,810 --> 01:06:23,340 which tells me the idea of podcasting. 2.0 with streaming 1029 01:06:23,340 --> 01:06:27,390 value for value. And weed is an excellent combination. 1030 01:06:28,680 --> 01:06:29,700 It seems to be 1031 01:06:31,290 --> 01:06:35,520 just a tip. Yeah. When he when he came in and first started 1032 01:06:35,520 --> 01:06:37,200 doing this, he's like, I don't know what I'm doing. I'm not 1033 01:06:37,200 --> 01:06:39,750 sure how to do all this. And then now he's just like, on all 1034 01:06:39,750 --> 01:06:41,190 the races. Yeah, yep. 1035 01:06:42,480 --> 01:06:46,530 He says his message says I will send Dave and Adam no by email. 1036 01:06:46,530 --> 01:06:48,540 Thanks for your hard work and dedication. We'll see. Here's 1037 01:06:48,540 --> 01:06:49,020 his note. 1038 01:06:50,280 --> 01:06:52,320 Thanks for everything you and the crew have been building here 1039 01:06:52,320 --> 01:06:55,830 at podcast 2.0. We were so excited to jump aboard and be 1040 01:06:55,830 --> 01:06:58,710 among the first podcasters receiving sets to our show bowl 1041 01:06:58,710 --> 01:07:02,340 after bowl after spinning up our first node last December. Fast 1042 01:07:02,340 --> 01:07:05,490 forward half a year and we see our Sphinx tribe growing. We see 1043 01:07:05,490 --> 01:07:08,160 real value being returned and we're on a mission to get more 1044 01:07:08,160 --> 01:07:11,460 podcasters listeners on board and participating. Nice. 1045 01:07:12,690 --> 01:07:15,660 The recent discussion you've had about the more act the MRE 1046 01:07:15,660 --> 01:07:19,020 that's the marijuana and the implications it had on trusting 1047 01:07:19,020 --> 01:07:21,810 our government and its currency really struck a chord with us. 1048 01:07:22,260 --> 01:07:24,930 We've covered the more x progress extensively on our show 1049 01:07:24,930 --> 01:07:27,630 and we believe D scheduling cannabis is the most important 1050 01:07:27,630 --> 01:07:29,730 drug policy goal at the federal level. 1051 01:07:31,200 --> 01:07:33,690 Thanks and blessings for remaining freedom oriented we 1052 01:07:33,690 --> 01:07:37,110 are eager to help usher in a better future for our children. 1053 01:07:37,350 --> 01:07:40,140 With the help of those that have the tools you are working so 1054 01:07:40,140 --> 01:07:42,600 passionately to bring to the world Love is lit love his 1055 01:07:42,600 --> 01:07:46,320 little man. Yeah, sir Spencer and named DeLorean. Thank you 1056 01:07:46,320 --> 01:07:49,980 too. And remember to remind everybody to check out new 1057 01:07:49,980 --> 01:07:51,420 podcast apps.com 1058 01:07:52,620 --> 01:07:56,280 This is a whole variety as a whole bunch of them. But I love 1059 01:07:56,280 --> 01:07:58,740 it. Yeah, they really got the Sphinx tribe rockin that's 1060 01:07:58,740 --> 01:08:02,460 really working for them. Their bowl after bowl calm. 1061 01:08:04,110 --> 01:08:08,460 Thanks, guys. So I'll read off some. Okay, I gotta say this. I 1062 01:08:08,460 --> 01:08:10,020 got to give an apology upfront. 1063 01:08:11,100 --> 01:08:15,690 To Kyle a bear? Because I pronounced his name, Kyle 1064 01:08:15,690 --> 01:08:20,490 Hiebert. Oops. Which is clearly wrong because cow a bear is from 1065 01:08:20,490 --> 01:08:24,510 the great state of Louisiana. And so of course it would no 1066 01:08:24,510 --> 01:08:29,100 react would have a French Yes, indeed a bear. Call a bear. 1067 01:08:30,180 --> 01:08:34,800 And our monthly donors are, Kevin Rola Bob dollars, sir. 1068 01:08:34,800 --> 01:08:41,850 Hey, moose. $50 droid works. $20 Scott Jalbert. $12 Mark, gram 1069 01:08:41,850 --> 01:08:50,880 $1. Joseph maraca $5 David mitas $10 Cameron Rose $25 Jeremy new 1070 01:08:51,180 --> 01:08:56,250 $5 Greg Thomas $5. And then pod verse gave us $50. 1071 01:08:57,660 --> 01:09:01,320 In its its founder, Mitch down, he gave us $10. 1072 01:09:02,430 --> 01:09:07,560 And then Lauren ball gave us $24.20 and Michael Norman. They 1073 01:09:07,560 --> 01:09:13,020 gave us $10.66. And he is doing the Lord's work by keeping the 1074 01:09:13,020 --> 01:09:16,170 team's repo updated with all the country by Yeah, that's 1075 01:09:16,200 --> 01:09:20,460 fantastic. That's really cool. Yeah, I appreciate it. Things 1076 01:09:20,460 --> 01:09:25,290 like that, that people can do to help are so valuable because I 1077 01:09:25,290 --> 01:09:29,520 found on a weekly basis that sometimes there's it there's so 1078 01:09:29,550 --> 01:09:32,310 I'm so spread out in different repos and doing different things 1079 01:09:32,310 --> 01:09:35,040 that I just can't less like it's overload, right. So if something 1080 01:09:35,040 --> 01:09:36,900 when somebody does that, and they jump in there and just 1081 01:09:36,900 --> 01:09:40,350 like, Hey, I'll do this thing. I'm like, Oh, that's so great. 1082 01:09:40,350 --> 01:09:43,140 It's like a breath of fresh air. It's great. Yeah, like Yeah, 1083 01:09:43,170 --> 01:09:47,850 exactly. So that's, that's the group. Very nice. Thank you all 1084 01:09:47,850 --> 01:09:52,260 so much for supporting podcasts in 2.0. This podcast and the 1085 01:09:52,260 --> 01:09:55,590 work that's being done keeping the server rooms warm and 1086 01:09:55,590 --> 01:09:59,700 spinning, and allowing us to have a reason for these board 1087 01:09:59,700 --> 01:09:59,970 meetings. 1088 01:10:00,000 --> 01:10:03,810 You're all doing it. We're just reporting on Well, actually Dave 1089 01:10:03,810 --> 01:10:04,920 doing it. A lot of 1090 01:10:06,660 --> 01:10:09,510 please go to podcast index.org. Scroll down to the bottom Big 1091 01:10:09,510 --> 01:10:14,190 Red Donate button. You can also look at your podcast of 2.0 app 1092 01:10:14,370 --> 01:10:17,130 right there. There should be a funding tag, you can tap on 1093 01:10:17,130 --> 01:10:22,020 that. And it'll, it'll open up our cookbook portal. We accept 1094 01:10:22,020 --> 01:10:22,860 those Of course. 1095 01:10:23,910 --> 01:10:28,260 And the best way to support us so the most fun way I think is 1096 01:10:28,260 --> 01:10:30,480 to boost boost boost, boost, boost, boost, boost, boost 1097 01:10:30,480 --> 01:10:33,720 boost, keep on boosting everybody. Boost here's your cue 1098 01:10:33,720 --> 01:10:37,380 to boost. You know, you want to Uh huh. 1099 01:10:39,360 --> 01:10:41,910 I like the I like the little ending jingle there that. 1100 01:10:44,190 --> 01:10:49,800 Yeah, exactly. When exactly. Did you see pod LP on the coyote? 1101 01:10:49,800 --> 01:10:54,120 Yes. Yes. And I have used that. I i've 1102 01:10:55,470 --> 01:10:58,680 I used to have a I still have it. I still have a flip phone. 1103 01:10:59,490 --> 01:11:02,400 Oh, yeah, that's right. That's I forgot to use iOS for a while. 1104 01:11:02,430 --> 01:11:06,630 Oh, yeah, very impressive. I really like it a lot. I when we 1105 01:11:06,630 --> 01:11:09,600 started podcasting 2.0 I needed to get something faster. 1106 01:11:10,650 --> 01:11:12,630 Just because you know, we're really communicating. But you 1107 01:11:12,630 --> 01:11:16,140 can get all kinds of, of apps on it. And the whole point of a 1108 01:11:16,140 --> 01:11:20,310 flip phone without a real key without a keyboard is you don't 1109 01:11:20,310 --> 01:11:23,130 want to use it because it's annoying. However, to have 1110 01:11:23,130 --> 01:11:27,360 podcasts, which I did use when I was carrying it around to have 1111 01:11:27,360 --> 01:11:30,300 podcasts on is fantastic. It just Bluetooth to you can do 1112 01:11:30,300 --> 01:11:32,520 Bluetooth from from a lot of these flip phones. 1113 01:11:34,260 --> 01:11:37,260 And they're cheap, right? They're probably Oh very Yeah, 1114 01:11:37,260 --> 01:11:40,590 like 150 bucks. Oh, that's great. And I from what I 1115 01:11:40,590 --> 01:11:45,900 understand, they will also be implementing eventually, I hope 1116 01:11:45,900 --> 01:11:51,690 the alternate enclosure tag from the namespace to help out and 1117 01:11:51,690 --> 01:11:55,620 this is just one use of the alternate enclosure. But there's 1118 01:11:55,620 --> 01:11:58,830 a lot of countries where these phones very popular where a low 1119 01:11:58,830 --> 01:12:04,800 bit rate or a smaller, less bandwidth hungry file size would 1120 01:12:04,800 --> 01:12:09,060 be greatly appreciated. Yeah. James already put that into this 1121 01:12:09,060 --> 01:12:12,030 feed. Yeah, no, he was driving and he was driving that totally. 1122 01:12:12,390 --> 01:12:16,200 Now for us of course, there's more reasons to use the 1123 01:12:16,200 --> 01:12:19,680 alternate enclosure and I'm very excited about my first web 1124 01:12:19,680 --> 01:12:25,020 torrent to podcast reception or my first ipfs download. I mean, 1125 01:12:25,020 --> 01:12:27,780 I can't wait for this stuff to happen and it's such an 1126 01:12:27,780 --> 01:12:29,940 important moment this particular tag to me 1127 01:12:31,080 --> 01:12:34,530 I think this is a great this is sort of a milestone within 1128 01:12:36,210 --> 01:12:38,820 I mean, I really I don't want to be too grandiose but I think 1129 01:12:38,820 --> 01:12:41,520 this is sort of a milestone within all of podcasting. I 1130 01:12:41,520 --> 01:12:48,330 agree it because now you have the ability to do so many things 1131 01:12:48,330 --> 01:12:51,840 like not just low bit rate alternate bit Ray versions but 1132 01:12:51,840 --> 01:12:55,380 you can also explain it to Melissa last night and she's not 1133 01:12:55,410 --> 01:12:57,510 you know, she really doesn't care about this kind of stuff 1134 01:12:57,840 --> 01:13:00,510 that I was explaining to her you him she was getting excited 1135 01:13:00,510 --> 01:13:03,180 about her she's like because I was just like are you can do low 1136 01:13:03,180 --> 01:13:07,890 bit rate for feature phones and for for high cost bandwidth 1137 01:13:07,890 --> 01:13:11,370 areas you can do flipping back and forth between video and 1138 01:13:11,370 --> 01:13:16,980 audio in the same feed item you can do live you know live 1139 01:13:16,980 --> 01:13:22,560 streams you can do you know alternate tracks like director's 1140 01:13:22,560 --> 01:13:26,550 cuts or accompanying tracks you know, honestly you could put 1141 01:13:26,550 --> 01:13:30,810 clips and stuff in there like like source companion supporting 1142 01:13:30,810 --> 01:13:36,060 clips you can do with what Alex and Steve b we get we get to 1143 01:13:36,060 --> 01:13:37,950 have Steve be on the show yes from 1144 01:13:39,180 --> 01:13:41,460 what you can do what they've already proven they just did it 1145 01:13:41,460 --> 01:13:46,170 today is showing that you can do the web torrent stuff and so Oh, 1146 01:13:46,170 --> 01:13:47,670 he implemented that today. 1147 01:13:48,810 --> 01:13:51,090 They were showing it Yeah, there's a there's a chart 1148 01:13:51,090 --> 01:13:54,720 showing there a torrent from like every so you'd have like 1149 01:13:54,720 --> 01:13:57,510 five people let's just say that you have five people watching a 1150 01:13:57,510 --> 01:14:01,320 show or watching a video from in a tube 1151 01:14:02,790 --> 01:14:04,260 then then 1152 01:14:05,310 --> 01:14:08,520 Okay, well somebody cranks up a video and oh no agenda tube well 1153 01:14:08,520 --> 01:14:12,780 then a second person cranks up the video no agenda tube and 1154 01:14:12,840 --> 01:14:15,630 they begin to peer with each other and you're getting you're 1155 01:14:15,630 --> 01:14:20,400 sharing bandwidth two ways. Then a third person comes out every 1156 01:14:20,400 --> 01:14:26,130 extra person watching that video joins the web torrent and it you 1157 01:14:26,130 --> 01:14:32,250 can see on the graph the bandwidth goes down as on on 1158 01:14:32,250 --> 01:14:36,900 Alex's side as more people watch the same video is mine below who 1159 01:14:36,900 --> 01:14:38,220 post who posted this 1160 01:14:39,360 --> 01:14:41,850 Steven V and Alex case there we're kind of going back and 1161 01:14:41,850 --> 01:14:45,390 forth on it with the on the mastodon Okay, we're doing 1162 01:14:45,390 --> 01:14:51,570 testing Yeah. So cool. Wow. Yeah, yes, it will blow your 1163 01:14:51,570 --> 01:14:55,230 mind and that is like, that's next level stuff, man. 1164 01:14:57,510 --> 01:14:59,790 I'm gonna, I'm gonna put that put a link 1165 01:15:00,000 --> 01:15:04,860 That thread in the show notes, all the gray. Because that can 1166 01:15:04,860 --> 01:15:08,520 make video actually doable for podcast. No kidding. 1167 01:15:09,960 --> 01:15:13,860 It can be so cool. I can imagine that a podcast hosting company 1168 01:15:13,890 --> 01:15:17,130 would want to support video. And they could go in and you know, 1169 01:15:17,130 --> 01:15:21,090 spin up an instance of a peer tube. And then they could just 1170 01:15:21,090 --> 01:15:25,260 host, they could host those videos on peer tube, and a web 1171 01:15:25,290 --> 01:15:29,160 in a web torn fashion. And then all of their listeners are 1172 01:15:29,160 --> 01:15:32,760 swarming the bandwidth together, and it's not all on the host. 1173 01:15:33,810 --> 01:15:37,710 It's just so awesome. Love that love that. I really do think 1174 01:15:37,710 --> 01:15:42,870 this is pretty groundbreaking stuff. And so I guess we have we 1175 01:15:42,870 --> 01:15:47,880 already have two implementations now. Yeah, yeah. That's, that's 1176 01:15:47,880 --> 01:15:51,930 the requirement for the requirement for the namespace 1177 01:15:51,930 --> 01:15:54,390 tag adoption is that you're gonna have, we have to have at 1178 01:15:54,390 --> 01:15:56,580 least one host that was 1179 01:15:57,600 --> 01:16:00,450 committed to supporting it. And one app that's committed to 1180 01:16:00,450 --> 01:16:01,710 supporting it. And we already had. 1181 01:16:02,730 --> 01:16:07,410 We already had Alex he's with peer tube and James, committed 1182 01:16:07,410 --> 01:16:10,980 to supporting it. And on the tag side, and then Steve D. and 1183 01:16:10,980 --> 01:16:14,910 Martin, have both committed to supporting it on the app side. 1184 01:16:14,910 --> 01:16:16,140 Perfect. Yeah. 1185 01:16:17,340 --> 01:16:21,030 Okay. Wow, man. So I need to promote that somehow. 1186 01:16:22,050 --> 01:16:26,430 Oh, it's so cool. And now like now it once once the testing is 1187 01:16:26,430 --> 01:16:27,420 done, and 1188 01:16:28,680 --> 01:16:32,130 Steven and Martin are supporting it and feel comfortable with 1189 01:16:32,190 --> 01:16:35,910 with the apps, then we can begin to promote things like killing 1190 01:16:35,910 --> 01:16:40,560 it. Yeah. Because it's not such a bandwidth drain on on any 1191 01:16:40,560 --> 01:16:45,630 tube. Yeah, Alex? Yeah. Oh, man, it'd be so much fun. Yeah, yeah. 1192 01:16:45,720 --> 01:16:47,520 Yeah. Tina and I were. 1193 01:16:49,080 --> 01:16:49,950 We're planning. 1194 01:16:51,030 --> 01:16:54,390 We're doing our will planning. She's so organized. 1195 01:16:55,500 --> 01:16:58,020 Wow, that's way more forward thinking than I have. Well, you 1196 01:16:58,020 --> 01:17:01,920 know, we're in our 50s. And the CES time, you know, why not? And 1197 01:17:01,920 --> 01:17:05,520 so we're talking to the lawyer on the zoom call. And this is a 1198 01:17:05,520 --> 01:17:08,190 connection we have through Mark Hall. He's a lawyer, even though 1199 01:17:08,190 --> 01:17:11,580 he's a documentarian, you know, I guess he, I think he does 1200 01:17:11,610 --> 01:17:15,570 Import Export law with Panama. And you know, I love Mark I just 1201 01:17:15,570 --> 01:17:17,340 talked with about documentaries with him 1202 01:17:18,570 --> 01:17:19,560 about his other business. 1203 01:17:20,700 --> 01:17:24,090 And he said, you want to talk to her because, you know, there's 1204 01:17:24,120 --> 01:17:26,580 lots of ways you can protect yourself or your kids really is 1205 01:17:26,580 --> 01:17:27,060 what it is. 1206 01:17:28,710 --> 01:17:33,060 And, you know, so Well, I'm just valuing these businesses. You 1207 01:17:33,060 --> 01:17:38,130 have a stake in no agenda show LLC and podcast index, LLC. And, 1208 01:17:39,030 --> 01:17:42,750 like, well, podcast index is it's kind of hard to value 1209 01:17:42,750 --> 01:17:46,740 anything. He said, but you know, I've heard from Mark that you 1210 01:17:46,740 --> 01:17:52,140 guys are you are creating the future. It just went on and on 1211 01:17:52,140 --> 01:17:56,280 and on and on and on about how fantastic this project was. We 1212 01:17:56,280 --> 01:17:59,160 got we got we got big promoters out there. And Mark is going to 1213 01:17:59,340 --> 01:18:03,180 be really instrumental in bringing more filmmakers to the 1214 01:18:03,180 --> 01:18:07,710 platform. That's really exciting to me to see the video side of 1215 01:18:07,710 --> 01:18:14,220 things and music music after that, Dave Yeah. 100% we got Axl 1216 01:18:14,670 --> 01:18:17,790 Sir Alex Alex Kirby Alex Kirby 1217 01:18:19,440 --> 01:18:19,980 while the 1218 01:18:21,420 --> 01:18:24,990 actual but let me just see. It's he's the one he's gonna do an 1219 01:18:24,990 --> 01:18:30,060 album right. Abel Kirby Abel Kirby. Yes. I only know him as, 1220 01:18:30,600 --> 01:18:34,950 as sir Abel Kirby. I'll give you an example of some of his stuff 1221 01:18:34,950 --> 01:18:35,370 here. 1222 01:18:37,980 --> 01:18:38,190 Trade 1223 01:18:42,360 --> 01:18:42,960 goes 1224 01:18:49,890 --> 01:18:51,450 well, this made this a better example. 1225 01:18:55,560 --> 01:18:56,910 I don't know what he's doing here. 1226 01:18:58,380 --> 01:19:00,450 Was he talking about biting the algos? Yes, 1227 01:19:01,770 --> 01:19:04,140 he was wrong. I don't know what that is. 1228 01:19:05,880 --> 01:19:09,180 I want to find one that's a classic but he he has chops. He 1229 01:19:09,180 --> 01:19:10,200 really does. 1230 01:19:12,060 --> 01:19:14,910 And yeah, so he's doing an album with the band, they've already 1231 01:19:14,910 --> 01:19:19,110 done their contract based upon value block splits. 1232 01:19:20,400 --> 01:19:23,730 So that's gonna translate one to one from their contract into you 1233 01:19:23,730 --> 01:19:27,480 know, each member of the band gets x x percentage I'm not sure 1234 01:19:27,480 --> 01:19:31,680 what they've done. And he wants to release a do a feed and have 1235 01:19:31,680 --> 01:19:32,430 each of the 1236 01:19:33,480 --> 01:19:35,550 each of the tracks in the feed and then whatever else you know, 1237 01:19:35,550 --> 01:19:38,370 they'll figure out he's gonna pioneer that stuff and figured 1238 01:19:38,370 --> 01:19:41,250 out where where it really works and what what the issues are, 1239 01:19:41,880 --> 01:19:46,530 can get and guess what you don't need any executives, or any of 1240 01:19:46,530 --> 01:19:50,730 that stuff. You just need an XML block. Yep. And 1241 01:19:51,750 --> 01:19:55,770 in all the features of podcasts, you mean your lyrics in real 1242 01:19:55,770 --> 01:19:59,970 time, your your your cover art, but different art for each 1243 01:20:00,000 --> 01:20:02,850 track, you can have a link to something. 1244 01:20:04,529 --> 01:20:07,859 I mean, you can have bonus episodes you can have out with 1245 01:20:07,859 --> 01:20:11,009 the alternate enclosures you just explain you can maybe have 1246 01:20:11,009 --> 01:20:13,919 a different mix. There's so many different things that could be 1247 01:20:13,919 --> 01:20:17,759 done. It's very, very exciting. Or a commentary track say yes. 1248 01:20:17,939 --> 01:20:21,839 Like the making of this song. Yep. You know, that'd be in. 1249 01:20:21,839 --> 01:20:24,659 Here's also where the license tag comes into play, as you can 1250 01:20:24,659 --> 01:20:27,659 let you put the license right into your feed. Yep. And say, 1251 01:20:27,659 --> 01:20:30,779 here's, here's how I'm licensing this content. And if you find 1252 01:20:30,779 --> 01:20:35,069 out that one of the free podcast hosts, as ripped off your 1253 01:20:35,069 --> 01:20:40,109 content, you go and Sean sharp. And just a quick thing, I saw a 1254 01:20:40,109 --> 01:20:43,409 couple people post about it. And I think it was also a topic on 1255 01:20:43,409 --> 01:20:50,879 pod land about having license information for content you're 1256 01:20:50,879 --> 01:20:55,859 using in the podcast. Oh, yeah. Yeah, that's I was wanting to 1257 01:20:56,219 --> 01:21:01,319 it's unnecessary. Oh, it's irrelevant. It's irrelevant. 1258 01:21:01,529 --> 01:21:05,279 That would be like NBC continuously putting on screen 1259 01:21:05,279 --> 01:21:08,429 or having a way for you to find out if they paid for the music 1260 01:21:08,429 --> 01:21:12,239 in that episode. It's virtue signaling, that's all it is. 1261 01:21:12,269 --> 01:21:16,289 There's nothing else to it. But is but isn't there a way like? 1262 01:21:16,529 --> 01:21:20,189 So I think what the, if I understood it right, and correct 1263 01:21:20,189 --> 01:21:22,979 me if I'm wrong, because I thought it was a good idea. So I 1264 01:21:22,979 --> 01:21:29,069 may be wrong. If if you go ahead and pro and put into your feed, 1265 01:21:29,849 --> 01:21:33,749 here is my license from this music agents. And here's the 1266 01:21:33,749 --> 01:21:39,359 license number or whatever it is, then when their systems are 1267 01:21:39,359 --> 01:21:42,119 scanning the internet, trying to find out trying to find 1268 01:21:42,119 --> 01:21:45,269 violations, they could programmatically read your feed 1269 01:21:45,269 --> 01:21:48,329 and see that you're not a violator before they issue a 1270 01:21:48,329 --> 01:21:49,559 DMCA or something. 1271 01:21:51,300 --> 01:21:54,930 That was okay. That's different. That's different. What I what I 1272 01:21:54,930 --> 01:21:58,230 understood the request to be was provide the licensing 1273 01:21:58,260 --> 01:22:02,970 information of content the inside of your show. Not if you 1274 01:22:02,970 --> 01:22:07,140 are if you are licensed to use it. I mean, that's, that's not 1275 01:22:07,140 --> 01:22:11,670 even a license, you're just saying, see, a license is what 1276 01:22:12,360 --> 01:22:17,520 the content creator provides the license. And having the right to 1277 01:22:17,520 --> 01:22:22,410 use that in my podcast is not. It is a license, but it's the 1278 01:22:22,410 --> 01:22:26,430 other side. So as long as I adhere to that license, I'm in 1279 01:22:26,430 --> 01:22:29,970 compliance more like compliance than anything. So it's not a 1280 01:22:29,970 --> 01:22:34,110 license tag, it's a compliance tag for a certain subset of 1281 01:22:34,350 --> 01:22:38,190 content, then yeah, honestly, you were you're inviting in the 1282 01:22:38,190 --> 01:22:38,850 boogeyman. 1283 01:22:40,200 --> 01:22:43,590 Well see like, So Sam, had a good use case, I thought, 1284 01:22:43,590 --> 01:22:46,560 because he said, Well, what I want to do because he's running 1285 01:22:46,560 --> 01:22:49,920 a station, a radio station now and he wants he would say, in 1286 01:22:49,950 --> 01:22:53,730 what he's he's using, I think it's booshka. And that system, 1287 01:22:53,790 --> 01:22:58,020 what it does is it takes his live stream, chops it up into 1288 01:22:58,200 --> 01:23:02,370 into predefined segments based on time code, and then publishes 1289 01:23:02,370 --> 01:23:06,480 those things out automatically as separate RSS separate episode 1290 01:23:06,480 --> 01:23:10,950 podcast episodes. So he was thinking, Oh, if I had a way to 1291 01:23:10,950 --> 01:23:14,880 signal to the world, through through XML through a structured 1292 01:23:14,880 --> 01:23:19,500 data in the feed, that here's model, this, this, this podcast 1293 01:23:19,500 --> 01:23:22,830 is going to have music in it. And here's the, here's the 1294 01:23:22,830 --> 01:23:28,680 license that I bought to cover this content. And that way the 1295 01:23:28,800 --> 01:23:34,230 license holders would not, or the whoever has those is in 1296 01:23:34,230 --> 01:23:35,430 charge of that would not 1297 01:23:36,570 --> 01:23:41,220 take him down or error or, you know, complain about him because 1298 01:23:41,220 --> 01:23:45,090 they can see in his car in his feed. Here's his license number, 1299 01:23:45,090 --> 01:23:47,280 and he actually did licensed this stuff ahead of time 1300 01:23:47,280 --> 01:23:47,940 properly. 1301 01:23:49,050 --> 01:23:52,680 Okay, that's not how I understood it. This, this makes 1302 01:23:52,680 --> 01:23:53,520 sense. 1303 01:23:55,320 --> 01:23:59,100 But if anyone thinks it's going to move music licensing forward, 1304 01:23:59,100 --> 01:24:02,940 you're sadly mistaken. I would much rather put our energy into 1305 01:24:03,630 --> 01:24:05,490 completely because, you know, you're talking he's talking 1306 01:24:05,490 --> 01:24:09,420 about pri, you know, it's a performance license, you know, 1307 01:24:09,450 --> 01:24:15,450 that varies just by doing that. ASCAP, BMI, Harry Fox agency 1308 01:24:15,450 --> 01:24:18,090 CSAC, they're all going to go Oh, hold on a second. We also 1309 01:24:18,120 --> 01:24:20,460 you know, you need a license from us as well to use that 1310 01:24:20,460 --> 01:24:22,530 because someone in France downloaded this. 1311 01:24:23,820 --> 01:24:26,610 These and by the way, these these Performing Rights 1312 01:24:26,610 --> 01:24:30,780 Organizations, they will change your fee rate on a dime. I 1313 01:24:30,780 --> 01:24:35,880 choose just like Apple to not deal with them. I whatever 1314 01:24:35,880 --> 01:24:41,100 anyone wants to do, of course, is fine. I feel focusing on new 1315 01:24:41,100 --> 01:24:46,710 forms of royalty distribution, without any middleman is the 1316 01:24:46,710 --> 01:24:51,990 future. Why would we deal with the old stuff? I mean, I like 1317 01:24:51,990 --> 01:24:55,080 playing old songs, but now this is not gonna work that way. We 1318 01:24:55,080 --> 01:24:59,220 just have to cut it off somewhere. Well, that's that's 1319 01:24:59,220 --> 01:25:00,000 why you that's why 1320 01:25:00,000 --> 01:25:03,960 You don't do a music podcast? Yes. Why you don't do one is 1321 01:25:03,960 --> 01:25:08,250 because you've said before that you've been unable to find any 1322 01:25:08,250 --> 01:25:10,980 stretch, any license structure that works properly for that 1323 01:25:10,980 --> 01:25:12,540 con. They don't want it. 1324 01:25:13,799 --> 01:25:18,509 They don't want it. Spotify is owned, mainly by shareholders 1325 01:25:18,539 --> 01:25:21,089 who are record companies, you know, they were all in on the 1326 01:25:21,089 --> 01:25:21,599 deal. 1327 01:25:22,950 --> 01:25:26,700 And no one's really happy with the Spotify arrangement who was 1328 01:25:26,700 --> 01:25:28,140 a creative performer? 1329 01:25:29,220 --> 01:25:33,720 No one. So if you were going to go and do, Adam Curry is top 40. 1330 01:25:34,140 --> 01:25:39,240 Then podcast. You basically couldn't I mean, they would they 1331 01:25:39,240 --> 01:25:41,520 would not, they would either not give you a license or the 1332 01:25:41,520 --> 01:25:44,820 license will be so financially prohibitive. No, but you 1333 01:25:44,820 --> 01:25:48,930 couldn't do a show. But what would be possible is in the 1334 01:25:48,930 --> 01:25:53,490 future, I could say and now boys and girls, here's the latest 1335 01:25:53,490 --> 01:25:57,480 track from April Kirby. And I could play that. And I could 1336 01:25:57,480 --> 01:26:02,850 have that portion of the show tag somehow, that it spits out 1337 01:26:02,850 --> 01:26:06,510 SATs to Abel Kirby. Or I could just put him in that in a value 1338 01:26:06,510 --> 01:26:09,690 block for that episode and give him a piece that we pre that we 1339 01:26:09,690 --> 01:26:12,030 agreed to earlier. It'll be 1340 01:26:13,470 --> 01:26:17,490 podcast, podcasting is not really geared towards 1341 01:26:17,490 --> 01:26:19,020 programmatic stuff. 1342 01:26:20,040 --> 01:26:21,120 And that's when 1343 01:26:22,230 --> 01:26:24,930 that's when all the bands start saying, Yeah, man, I'm huge in 1344 01:26:24,930 --> 01:26:25,620 El Salvador. 1345 01:26:28,350 --> 01:26:30,870 You know what I mean? It's, it's, by the way, it's a good 1346 01:26:30,870 --> 01:26:34,740 idea. Since you have the split right there in the value block, 1347 01:26:34,740 --> 01:26:38,970 someone could open up a special boost just to the band. 1348 01:26:40,320 --> 01:26:44,790 Oh, that's cool. The bottom line is when you get really stringent 1349 01:26:44,820 --> 01:26:50,040 and tight, which is the old world system with exact rules 1350 01:26:50,040 --> 01:26:54,150 and regulations. It bogs everything down. And here, it's 1351 01:26:54,150 --> 01:27:01,170 just Okay, let's forget about the traditional stuff. And let's 1352 01:27:01,170 --> 01:27:06,420 just do it on value for value. Everyone makes more money. This 1353 01:27:06,420 --> 01:27:09,900 is my takeaway. You will long term you will make you will do 1354 01:27:09,900 --> 01:27:13,590 much better, and it'll be much more satisfying. By the way, I 1355 01:27:13,590 --> 01:27:15,120 think I may have figured out 1356 01:27:16,140 --> 01:27:20,820 a way to crack the paywall the universal subscription nut. 1357 01:27:23,100 --> 01:27:27,780 And I'm pretty got to give it some more thought that somebody 1358 01:27:28,080 --> 01:27:33,360 Daniel Jason Lewis brought it up on the on the get on the repo 1359 01:27:33,360 --> 01:27:37,350 for the namespace, like a weight to do sort of a universal 1360 01:27:37,350 --> 01:27:44,970 subscription mechanism for podcasts. And think, I think I 1361 01:27:44,970 --> 01:27:47,760 may have figured it out. It's it's hard, but I want to 1362 01:27:47,790 --> 01:27:50,850 probably talk about on this show because it is one using any 1363 01:27:50,850 --> 01:27:56,640 currency or or only SATs or paper. Any it will be any 1364 01:27:56,640 --> 01:27:59,550 currency the fastest would obviously clearly the fastest 1365 01:27:59,550 --> 01:28:01,890 would obviously be sad, because it's just boop boop, boop, 1366 01:28:01,890 --> 01:28:05,100 you're done. And you're done. Right? But But this, you could 1367 01:28:05,100 --> 01:28:07,980 fit this model. And I'm just thinking of it as a as a 1368 01:28:07,980 --> 01:28:14,010 structure of how a podcast app can interact with it can see 1369 01:28:14,010 --> 01:28:16,530 something in the feed and then know how to interact a bit to 1370 01:28:16,530 --> 01:28:20,850 make that subscription mechanism work. Oh, okay. I've got I've 1371 01:28:20,850 --> 01:28:25,230 got a get a sheet of paper right here with it all drawn out. And 1372 01:28:25,230 --> 01:28:27,720 I think it will work. I just wanted to, I think I'm going to 1373 01:28:27,720 --> 01:28:32,070 try to run it by somebody this week to make sure that I'm not 1374 01:28:32,760 --> 01:28:35,550 if there's not some huge hole in my thinking, but I think I think 1375 01:28:35,550 --> 01:28:38,640 I've cracked that nut. I just want to just add one more thing 1376 01:28:38,640 --> 01:28:41,790 to the Performing Rights Organizations. The way that the 1377 01:28:41,790 --> 01:28:46,230 way they do this is for if you have X amount of downloads and 1378 01:28:46,230 --> 01:28:48,750 you can't do this with ASCAP BMI, you can do it with bu ma 1379 01:28:48,750 --> 01:28:53,250 stem ra in the Netherlands. pri you know, everyone has there are 1380 01:28:53,250 --> 01:28:57,240 some web based licenses. very stringent. He can't you know, 1381 01:28:57,240 --> 01:29:00,180 it's the streaming that streaming playlist is what the 1382 01:29:00,180 --> 01:29:01,290 most recent kind of 1383 01:29:02,370 --> 01:29:05,460 licenses were created for. And and you have two very tight 1384 01:29:05,460 --> 01:29:06,780 reporting requirements. 1385 01:29:08,490 --> 01:29:10,620 But the way they do it is they'll say, okay, you have 1386 01:29:10,620 --> 01:29:15,870 50,000 or it's more like 10,000 Max, and you pay maybe 500 a 1387 01:29:15,870 --> 01:29:19,380 year, you go over that then as a percentage of your of your 1388 01:29:19,380 --> 01:29:19,860 revenue 1389 01:29:21,030 --> 01:29:25,770 to Oh, yeah. And that's huge. Well, if you have a bar Just so 1390 01:29:25,770 --> 01:29:29,730 you know, a restaurant and you play music, you will get ASCAP 1391 01:29:29,730 --> 01:29:32,700 BMI in the United States, knock on your door saying, Okay, how 1392 01:29:32,700 --> 01:29:35,520 many people come through here a year? All right, that's great. 1393 01:29:35,520 --> 01:29:38,820 You play music, so we're going to charge you $800 a month. 1394 01:29:39,810 --> 01:29:43,380 Dang, I had no idea that you would get that in a restaurant. 1395 01:29:43,590 --> 01:29:47,670 We went to we went to the conference. That conference paid 1396 01:29:47,670 --> 01:29:50,850 a large sum for all music being performed publicly. 1397 01:29:52,740 --> 01:29:56,820 I've seen that I've seen inspectors from ASCAP BMI type 1398 01:29:56,820 --> 01:30:00,000 organizations, at public events instead. 1399 01:30:00,000 --> 01:30:02,040 Excuse me, can I mean Can I see your license? 1400 01:30:03,510 --> 01:30:06,240 No license, oh, we're gonna send you a bill plus a fine. 1401 01:30:07,799 --> 01:30:11,519 That's ridiculous. So so you can't really you couldn't. If 1402 01:30:11,519 --> 01:30:14,789 I'm a restaurant, I can't just turn on the radio, if you are a 1403 01:30:14,789 --> 01:30:18,479 workplace with more than three people, you have to pay a 1404 01:30:18,479 --> 01:30:21,179 license fee. If you have like a workshop where you have a 1405 01:30:21,179 --> 01:30:23,999 garage, and you've got the radio playing, they will come by and 1406 01:30:23,999 --> 01:30:27,089 they will tell you you need to pay. So you so if I'm in my 1407 01:30:27,089 --> 01:30:31,409 office building, I cannot have a Spotify subscription and pump it 1408 01:30:31,409 --> 01:30:34,649 over the PA system. No, sir. 100 employee knows no. Well, you can 1409 01:30:36,060 --> 01:30:39,930 until they find out. Yes. Geez, I had no idea was that 1410 01:30:39,930 --> 01:30:43,020 restrictive. And so if you think that you're going to have fun 1411 01:30:44,700 --> 01:30:48,960 creating something for these guys to know that you're legal 1412 01:30:49,170 --> 01:30:54,180 brother, I that's why I don't do music because I don't want to 1413 01:30:54,180 --> 01:30:57,480 deal with it. And I've been very patient and it's coming and it's 1414 01:30:57,480 --> 01:30:59,790 going to happen and we'll get there. But it can't be the 1415 01:30:59,790 --> 01:31:04,080 existing infrastructure. It can't. That's that's that's the 1416 01:31:04,080 --> 01:31:09,000 thieves they are thieves. I share your share your despair. 1417 01:31:10,920 --> 01:31:13,620 Now that you understand the parameters in the real world, 1418 01:31:13,620 --> 01:31:15,690 these guys are everywhere. It's not just the radio and 1419 01:31:15,690 --> 01:31:19,650 television and podcast is everywhere. Every single place 1420 01:31:19,650 --> 01:31:20,760 you play music 1421 01:31:21,810 --> 01:31:23,280 openly for people. 1422 01:31:24,690 --> 01:31:27,810 You You can and you will eventually get a visit. 1423 01:31:29,280 --> 01:31:33,270 Yeah, that's that's that's no good. That's no good. That I 1424 01:31:33,270 --> 01:31:36,510 mean that, you know that that falls under the category of owl. 1425 01:31:36,900 --> 01:31:40,020 I don't mind doing it. But But I don't want to I don't want to 1426 01:31:40,020 --> 01:31:41,820 have anything to do. I don't want to try to implement it 1427 01:31:41,820 --> 01:31:44,730 myself. But in general, when I listened to the industry, 1428 01:31:44,730 --> 01:31:46,350 talking about podcasting, 1429 01:31:47,520 --> 01:31:50,940 it's pathetic. Everyone, like we have an award show. We have 1430 01:31:50,940 --> 01:31:57,090 multiple award shows, we have him all this infrastructure 1431 01:31:57,090 --> 01:32:01,440 trying to be like the mainstream, trying to in fact, I 1432 01:32:01,440 --> 01:32:04,560 think many people create podcast to become part of the 1433 01:32:04,560 --> 01:32:08,340 mainstream, which, honestly, is a great way to go particularly 1434 01:32:08,340 --> 01:32:09,270 in the true crime. 1435 01:32:10,590 --> 01:32:13,530 arena, you know, you have a good story, you can sell that story. 1436 01:32:13,530 --> 01:32:17,250 They turn a podcast into a Netflix miniseries, I mean, for 1437 01:32:17,250 --> 01:32:18,000 sure. But 1438 01:32:19,560 --> 01:32:24,120 everything is, you know, how do we how do we make make it so 1439 01:32:24,120 --> 01:32:27,090 advertising works? How do we make it so that you've got 1440 01:32:27,090 --> 01:32:31,800 networks and each seeing, like that story about the podcast 1441 01:32:31,800 --> 01:32:32,370 house? 1442 01:32:34,200 --> 01:32:37,590 And Vox magazine, I think that seemed like a hit piece on that 1443 01:32:37,590 --> 01:32:43,740 one, dude. But the problem is that podcast networks like I 1444 01:32:43,740 --> 01:32:47,970 heart and even Spotify to a degree where Spotify will have 1445 01:32:47,970 --> 01:32:48,720 the same problem. 1446 01:32:49,740 --> 01:32:51,960 You have a lot of different shows. And what are you 1447 01:32:51,960 --> 01:32:55,710 promising revenue and exposure? I know this because I did this 1448 01:32:55,710 --> 01:32:59,220 and I failed at it. And I know why. And it's not because we 1449 01:32:59,220 --> 01:33:01,680 were not good. It's because it can't be done. You cannot 1450 01:33:01,680 --> 01:33:06,870 monetize a network like that not not an open system. And even 1451 01:33:06,870 --> 01:33:10,800 Spotify will find that the amount of bullshit you get from 1452 01:33:10,800 --> 01:33:13,710 people who are not the hits, you're gonna have two hits out 1453 01:33:13,710 --> 01:33:17,640 of 200 shows, and everyone else is gonna be unhappy. I didn't 1454 01:33:17,640 --> 01:33:20,880 get the promotion. I never get the big I never get this is how 1455 01:33:20,970 --> 01:33:24,360 angry podcasts are talking. I never I never get to be big 1456 01:33:24,390 --> 01:33:26,700 advice. How come she is in there? How come? I'm not on the 1457 01:33:26,700 --> 01:33:28,380 cover? Why am I not in rotation? 1458 01:33:30,300 --> 01:33:34,020 Then you become part of the whole damn slave system. That is 1459 01:33:34,020 --> 01:33:37,200 the mainstream media and people are walking right into it. I 1460 01:33:37,200 --> 01:33:40,950 hear all these podcasts. Oh, and they're their friends, their 1461 01:33:40,950 --> 01:33:42,930 colleagues. We're working together on this stuff, but I 1462 01:33:42,930 --> 01:33:46,470 hear you, you are still going after the old way of doing 1463 01:33:46,470 --> 01:33:49,860 things. And when you talk about Apple and Spotify as the big 1464 01:33:49,860 --> 01:33:55,800 boys, fuck that noise. did not. And now Facebook, Paul, 1465 01:33:55,860 --> 01:33:58,170 everyone's all jacked. Facebook's gonna do podcasts, 1466 01:33:58,350 --> 01:33:58,920 okay? 1467 01:34:01,410 --> 01:34:04,380 That I'm not so jacked about that. Honestly, I also don't 1468 01:34:04,380 --> 01:34:07,110 think it would be successful for them. But if they want to use 1469 01:34:07,110 --> 01:34:09,540 the namespace and the index, I'll be happy as long as they 1470 01:34:10,710 --> 01:34:14,520 return value. And then that's when and then when the network 1471 01:34:14,520 --> 01:34:18,900 fails. They write articles about you in Vox media. 1472 01:34:20,760 --> 01:34:21,810 Exactly. 1473 01:34:23,250 --> 01:34:25,680 So it comes right back around. That's value for value. 1474 01:34:29,070 --> 01:34:31,830 But do you know what I mean? Yeah, I'm just I don't want to 1475 01:34:31,830 --> 01:34:34,500 sound negative. It's just it's the same thing with Apple. Fuck 1476 01:34:34,500 --> 01:34:38,400 apple. I'm not gonna use out, you know, and it's my life's 1477 01:34:38,400 --> 01:34:41,490 gonna be completely as convenient. Oh, but every single 1478 01:34:41,490 --> 01:34:44,520 time I look at Tina, who has a beautiful iPad Pro, 1479 01:34:45,600 --> 01:34:49,230 just, you know, a great, great machine. But there's all this 1480 01:34:49,230 --> 01:34:53,340 stuff that she can't do. can install can't look at, like, 1481 01:34:53,340 --> 01:34:57,690 Yeah, I don't want that feeling. But I think that it's the same 1482 01:34:57,690 --> 01:34:59,970 feeling you get when you're into the big coin. 1483 01:35:00,000 --> 01:35:02,760 ecosystem for a little while, you begin to see that there's a 1484 01:35:02,940 --> 01:35:07,050 there's another way. And it makes the old way looks so 1485 01:35:07,050 --> 01:35:11,250 frustrating, archaic. It does, because if you think about it, 1486 01:35:11,460 --> 01:35:14,220 okay, maybe you don't believe in the whole, maybe you don't 1487 01:35:14,220 --> 01:35:18,600 believe in the corn or whatever. But you have once you're in 1488 01:35:18,600 --> 01:35:21,540 there for once you're in the system, let's just say you have 1489 01:35:21,540 --> 01:35:25,230 a source of, you know, SATs available to you. 1490 01:35:26,400 --> 01:35:32,490 Then all of a sudden, everything is just so easy, and it makes so 1491 01:35:32,490 --> 01:35:37,860 much sense. And you're excluding an F, all of the other people 1492 01:35:37,860 --> 01:35:40,380 trying to beat down your door to demand money out of you just 1493 01:35:40,380 --> 01:35:44,100 sort of disappears. And, you know, that's, that's this. 1494 01:35:45,210 --> 01:35:50,100 Is that article, the one that that was written a while ago. As 1495 01:35:50,130 --> 01:35:50,910 is. 1496 01:35:52,680 --> 01:35:56,520 See the junk? Yeah, here it is. On Sunday. Boo. Kaley is the 1497 01:35:56,520 --> 01:36:00,660 president of El Salvador tweeted that a, quote, huge chunk of 1498 01:36:00,660 --> 01:36:04,950 that $6 billion of remittances is lost to intermediaries who 1499 01:36:04,950 --> 01:36:07,590 take a cut of the financial transactions and dollars. Yeah, 1500 01:36:07,590 --> 01:36:12,360 exactly. That's the same thing in, in podcasting, and all media 1501 01:36:12,360 --> 01:36:15,840 in media. As somebody who's got their hand every step of the 1502 01:36:15,840 --> 01:36:18,480 way, somebody's got their hand in the cookie jar. And by the, 1503 01:36:18,780 --> 01:36:24,660 like you said, your your adage, is the, you know, huge amount of 1504 01:36:24,660 --> 01:36:27,660 money goes in one end of the pipe and four months later, 1505 01:36:28,350 --> 01:36:31,050 pennies trickle out the other side. Yeah, well, that's no 40 1506 01:36:31,050 --> 01:36:35,460 at 48 months later, 48 months later, you may get a few 1507 01:36:35,460 --> 01:36:39,060 pennies. Yes, we don't. I don't think anybody wants to. If you 1508 01:36:39,060 --> 01:36:41,790 look at that, if you hear that description, I don't think 1509 01:36:41,790 --> 01:36:44,250 anybody wants would say, Oh, yeah, let's do that. With 1510 01:36:44,250 --> 01:36:46,230 podcasting. It sounds great. Well, it's all 1511 01:36:46,230 --> 01:36:50,250 disintermediation, you know, my my phone, I can talk directly to 1512 01:36:50,250 --> 01:36:53,460 the developers who are making it I can also compensate them 1513 01:36:53,460 --> 01:36:57,390 directly podcasting and we we obviously know that 1514 01:36:58,440 --> 01:37:02,610 especially, you know that there is ultimately a direct app to 1515 01:37:02,610 --> 01:37:06,540 feed connection. Bitcoin same way what is what is Bitcoin 1516 01:37:06,600 --> 01:37:09,720 trust without an intermediary? That's, that's really the big 1517 01:37:09,720 --> 01:37:12,840 deal. And that's the world that's the world we live in. No 1518 01:37:12,840 --> 01:37:14,910 one really talks about it because if people start to 1519 01:37:14,910 --> 01:37:18,450 figure it out, and in the United States in particular, we are an 1520 01:37:18,450 --> 01:37:21,960 intermediary culture. Like, now my neighbors 1521 01:37:23,160 --> 01:37:25,710 music is too loud. I'm going to call the cops. 1522 01:37:27,450 --> 01:37:29,700 There's always someone we're calling we're always calling a 1523 01:37:29,700 --> 01:37:33,270 lawyer or calling or this or that. I love this. 1524 01:37:33,300 --> 01:37:35,820 disintermediation, get get get the good people out of the 1525 01:37:35,820 --> 01:37:38,460 middle. I like that. I like that term better than 1526 01:37:38,460 --> 01:37:42,000 decentralization. I like disintermediation. And yeah, 1527 01:37:42,000 --> 01:37:44,340 that's what it is. It's just fun to say. 1528 01:37:45,390 --> 01:37:47,100 It rolls off the tongue easier. Yeah. 1529 01:37:48,120 --> 01:37:50,790 What else you have in your list? Dave? Oh, I got like three or 1530 01:37:50,790 --> 01:37:52,560 four more things that I want to do that the next year. We got to 1531 01:37:52,560 --> 01:37:55,050 get out of here. Yeah, we have we got a call. We're actually 1532 01:37:55,050 --> 01:37:58,320 doing a call about that. Oh, yeah. Yeah. Oh, yeah. A rare 1533 01:37:58,320 --> 01:38:01,710 meeting. Well, I don't know if it's a meeting and I'm just 1534 01:38:01,710 --> 01:38:02,820 gonna say hi to somebody. 1535 01:38:03,840 --> 01:38:09,600 I am so bullish I've ever since Bitcoin 2021. 1536 01:38:10,680 --> 01:38:12,540 It just feels like there's traction. 1537 01:38:14,820 --> 01:38:19,350 Even though here's the here's the main thing that that can be 1538 01:38:19,350 --> 01:38:23,130 used. Even though it's not that important, really. But this 1539 01:38:23,130 --> 01:38:26,940 coming up on 4 million feeds. And we still live in a culture 1540 01:38:26,940 --> 01:38:30,210 where Oh my god, they've got 4 million podcasts. We can use 1541 01:38:30,210 --> 01:38:34,230 that to our advantage. Now, it seems to impress people. 1542 01:38:36,150 --> 01:38:39,180 It does it people like oh man you guys are kicking ass you 1543 01:38:39,180 --> 01:38:42,570 really get but we do we have traction. And remember for all 1544 01:38:42,570 --> 01:38:46,950 of you podcast app developers out there and for everybody 1545 01:38:46,950 --> 01:38:49,800 really who's who's developing YouTube can be making money 1546 01:38:49,800 --> 01:38:54,270 right now. And yeah, is it is it drips and drabs short. 1547 01:38:55,440 --> 01:38:57,930 All that needs to happen is we just need to have more people. 1548 01:38:58,200 --> 01:39:01,620 The flywheel is spinning. It has not stopped since we turned it 1549 01:39:01,620 --> 01:39:03,570 on. We just need to heat it up 1550 01:39:04,860 --> 01:39:07,560 and start buying more search ads in El Salvador. 1551 01:39:11,220 --> 01:39:14,520 All right, then let's close this board meeting. Everybody. Thanks 1552 01:39:14,520 --> 01:39:17,910 for attending. Dave. Have a great weekend. My friend gave a 1553 01:39:17,910 --> 01:39:22,080 second board meeting closed. And that's it for podcasting. 2.0 we 1554 01:39:22,080 --> 01:39:24,690 will return next week on a Friday looking forward to it. 1555 01:39:24,690 --> 01:39:27,000 Have a good one, everybody. Until then, bye bye. 1556 01:39:44,100 --> 01:39:48,660 You have been listening to podcasting 2.0 visit podcast 1557 01:39:48,690 --> 01:39:52,830 index.com for more information boost