Kind: captions
Language: en
Daniel Penney walks free Trump invites
xiin ping to his
inauguration Biden steals 20 billion
from Russia and Loans it to the Ukraine
and I bet you can guess Putin's response
Michael sailor tried to get Microsoft on
board with Bitcoin and the board's
response would shock you and character
AI continues to give lessons in how to
subjugate humans that would make Skynet
proud Drew welcome I'm going to start
saying thank you to AI now I think I'm
converting now good morning how you
do you need anything can I help you I'm
stay away from character all right
starting at the top Daniel peny was
acquitted of negligent homicide and
manslaughter recently the response has
been mixed it's kind of breaking against
party lines I wanted to see on social
you're saying on social yeah I I live on
Twitter I want to see what your response
was to see how you felt when you first
read the news of the case so the honest
answer is I don't know how I feel about
this specific case until I can see what
happened leading up to the moment where
he puts him in the C because to me
everything is about that so this one to
me feels more you have to run it as a
thought exercise uh because if Neely was
not presenting like a clear and present
danger then putting him in a choke hold
it's just too risky you you cannot play
around with that uh but if he really was
presenting a clear and present danger
he's in people's face and let's say they
tried to like back him off calmly and it
escalates and then yes I can see how uh
you could justify then needing to subdue
him and certainly getting him in a
Chokehold from a Brazilian jiu-jitsu
standpoint makes a lot of sense um but
if if he wasn't doing that then and you
just like go cowboy and you get in there
then I have a problem so this one is uh
I didn't hear what the jury heard so I
don't know how I would have reacted in
that but when I run it as a thought
experiment and I say um do I want people
to be afraid to stand up for somebody
weak the answer is no I do not and so
everybody that's really trained to fight
will give you one answer over and over
and over and over and over I am going to
get out of this fight I am going to
diffuse the situation I'm going to walk
away I'm G to run if I have to I'm not
afraid of looking like a coward when
it's about me I am getting out of this
fight no matter what because they don't
want to end up in that situation they
don't want to punch a guy and they hit
their head in the curb and they're dead
violence is so high risk it is so high
risk so the number of people that say
like look I'm a train fighter and I know
better that makes a lot of sense to me
but when you make it about somebody else
now all of a sudden I'm like I want
somebody to feel like I'm not afraid to
step in and protect this person because
I know that the judicial system is not
going to reain all hell down on me if
something goes wrong so again thought
experiment let's say my wife is out
alone my wife is like 51 and a half
she's like 994 PBS soaking wet and so
feisty as she is if somebody were coming
up and threatening her and there were
other people there I would beg them to
step in and protect my wife as I would
want them to be able to rely on me to
protect their wife right like that's the
world I want to live in now people have
to have good judgment a th% you cannot
be the ass monkey that's like you're so
insecure that you're lashing out you're
being nervous aggressive but you also
can't be the [ __ ] that's afraid of
Confrontation and you're backing off and
letting somebody else get attacked that
sh is crazy we've all seen footage of
that
so in the fantasy and again I don't know
because I I cannot scour the internet as
much as I did I cannot find footage of
what led up to him grabbing him and
putting him in the choke hold so in the
fantasy where this guy was mentally ill
he's really causing a clear and present
danger and this guy diffuses the
situation and the very unfortunate
reality happens that he ends up dying
cool that I I'm here for I want people
to be able to stand up I don't want them
to be afraid um but again I don't know
what actually happened so I I can run
the thought experiment and tell you the
world where I want this to exist um how
somebody should react if it's not
actively dangerous and it's just
annoying leave it alone uh if it is just
against you get out of the fight but if
it's against somebody who can't protect
themselves yeah I would want you to get
in the mix I'm going to play Devil's
Advocate let me put my kind of hat on
right now cuz what black lives matter is
saying is this is another example of a
gho vigilante
who at sign of
aggression they immediately default to I
was scared I had to kill this person and
to your exact point as a fighter there's
hely levels and this and Daniel penny is
a trained you know Marine he's a former
vet thank you for your service so I 100%
comeni for trying to save those that
can't save themselves however I think
there's a big Chasm between I'm stopping
violence from happening and I have this
person in the headlock so long they die
you know to your point I would much
rather prefer if Daniel peny hit him he
falls hits his head it's a freak
accident now now we can at least explain
it but I to for me to hold somebody for
the 45 seconds to a minute and a half
that it takes to actually subdue him at
that point it's like okay I don't know
if the scared argument is your strongest
argument what do you say to those people
um so what I would do is try to think up
on this problem from first principles so
uh One removing race out of it entirely
so say it is two unknown suspects you
know nothing about them and the
following scenario plays out uh you have
somebody violently attacking other
people on the train uh the person they
are trained in let's just assume
Brazilian jiu-jitsu um would would you
rather that he strike him in the head in
an attempt to knock him unconscious or
would you rather that he puts him to
sleep in a choke hold now I'm a lay
person so maybe there's math on this
that I'm just unaware of but given what
I know about head trauma I would much
rather just from a pure safety
standpoint rather they subdue them with
a choke hold from my lay person
standpoint especially watching MMA when
somebody gets choked out they wake up
you roll them on their side they wake up
and
seems like that happens over and over
and over and there's no brain damage
that I'm aware of if you hold it past
the point that they've passed out okay
yes now you can you're obviously going
to run into brain damage because you're
not letting the blood leave I guess is
actually the real problem not letting
the blood leave the head um but head
trauma is how you kill somebody that's
how you end somebody's life so just
again this is um me not looking at data
this is got Instinct that you would from
a likelihood of permanent injury you
would rather they be on the ground you
would rather they get choked until they
go limp that the person then realizes
they're out and they let go now you see
in the footage that he's still
struggling and so they keep going and
how long they go after he stops the
videos that I've seen all cut before you
see him lifeless and he keeps just
holding him there so I don't know if he
did that um
so going back to thought exercise I also
don't expect anybody to do this
perfectly so again I'm assuming I know
nothing about the race of the two people
someone's just describing it and maybe I
end up finding out that uh one of the
people's my dad or my wife whatever and
so I've got to make a decision based on
this knowing they're going to reveal uh
in fact God this is a great way to think
about it Tom your wife has been involved
in a strangulation but we cannot tell
you whether she did the choking or was
choked and so we need you to tell us
side unseen uh how you want this ruled
that is going to put you in a position
of okay if somebody's in that situation
what do I expect now I don't expect
anybody to play it perfectly so but I
would expect them the second they
realize that that person has passed out
I would expect them to let go
immediately and so if footage shows
person is choked out people are lifting
his hand and at the guys out someone's
like shaking my wife saying you got to
let go they're [ __ ] out I'd be like
yo yeah she [ __ ] up like that's crazy
so if people can step back and describe
sight unseen unknown which way this goes
and they can lay out at least now you're
talking value system so my value system
is I want anybody regardless of color
creed whatever I want somebody if they
see a clear and present danger against
other people that they would be willing
to stand up and defend that person
because it could all too easily be
somebody that I love and care about that
needs protecting uh I hold myself
accountable to not being weak in a
situation like that and being willing to
step in and help if somebody's in Clear
and Present Danger so that's my value
system now if the justice system had
come in conflict with that and been like
yo this [ __ ] let's just say that we
had all the footage in the world it was
a clear and present danger he goes in
puts his own life at risk to help other
people I'm like yo I'm on the that guy's
side and if the justice system had
turned against him and he had gone to
prison for that that would have been a
violation of my value system again with
all the caveats of if you see that
they're out and people are telling you
you got to let go they're out and he
doesn't and he's laughing and he's like
[ __ ] this guy okay well that's a totally
different story but all of this feels
like it is a thing that you can map out
someone's value system now I know there
are going to be people that are like no
under no circumstances unless they're
like stabbing that person to death like
you can't do it okay at at least we know
their value system that's not mine
um that's how I would approach it it's
very interesting too to kind of compare
this killing versus the Luigi Manion um
situation with the assassination of the
United Healthcare CEO because to from my
perspective Daniel peny it's a split
second decision should I help this
person should I not the margin of error
is enough to kill a man as we can see
whereas Luigi meticulously planted it
followed this guy created a a 3D printed
silencer for his gun all these kind of
premeditated steps and yet I feel like
the reception from the CEO killing is a
bit more fanfair where the reaction to
this killing is a bit more oh here goes
another one like it's not as heroic as
you would want to say like the thing
that is a premeditated crime is being
heralded as heroism when the thing where
the guy's literal defense was I was
trying to stop him from hurting other
people is now seen as like a criminal
who got off I think that's just a
interesting change in our value system
as a country or at least as media is
displaying it I'll put it that as on
that that is really uh terrifying yeah
so yes I would agree now again there's
enough missing footage that I don't
expect the um the Daniel peny thing to
be cleancut if we could see the whole
thing I think people would bounce one
way or the other without that I get why
it falls into a bit of a gray area now
why people are treating him like he's a
villain that part again just comes down
to value system and I do I'm not stupid
I know some of this plays into it's
white versus black which is [ __ ]
terrible from a um cultural narrative
perspective just oh God like of all
things um but the fact that people are
cheering for the assassination of a CEO
because they don't like the company and
the company's product that's insane to
me that that is again talked about this
in uh the previous episode that is
French Revolution behead people
territory that is um a level of sinister
that to the quote of the line between
good and evil runs through every human
heart uh that brings that up man that
that's somebody who's like I'm not
interested in changing the system I am
interested in burning everything down I
want to see people die and uh when
countries break like that it gets real
ugly really fast uh so that one scares
me a lot so yeah the fact that people
view that as a heroic act uh is pretty
crazy especially if you're not going to
be able to debate the pros and cons of
the system that we have in the US
um then now you're just you're going off
of um you're going off of narrative
you're going off of something where you
don't necessarily understand the
realities so uh take capitalism
capitalism is a deeply flawed system
there's no doubt about that but it is so
much better than every other system uh
that I'm not sure what people are
arguing for especially like you know my
Trifecta books if you have not read the
gulag archipelago ma the unknown story
and uh the rise and fall of the Third
Reich to see just how wrong every other
system goes whenever you try to do top-
down authoritarian rule um yes you're
going to get weird incentives in a
capitalistic system but it's not nearly
not nearly as
murderous as every other system
literally murderous read the red famine
I think there's a threat here between
these two cuz it seems like in both
cases these guys took Justice into their
own hands is that a byproduct of our
lack of trust in the overall system like
another I wouldn't uh I wouldn't agree
with that assessment so the way that I
see um the assassination of Brian
Thompson is somebody taking Justice into
their own hands they have a wildly
distorted sense of justice but they
believed that they were doing he said
they're parasites and they had it coming
yeah that's his
belief uh whereas in the fight situation
I don't know that that's somebody who
felt like they were metering out Justice
that's somebody who thought I look I'm
projecting yeah if I were in that
situation I would not think of myself as
doing out Justice I would think of
myself as protecting somebody and so I
wouldn't be asking to be above the law I
would be perfectly comfortable being
held to whatever the standards are um
but that really is about internal set of
values what do you believe somebody
ought to do in a situation again I'm
painting a thought experiment as it is
far easier than pretending that I was
there and I know what happened uh but as
a thought experiment of somebody
presents a clear and present danger to
somebody that can't protect themselves I
could not respect myself if I stayed
silent I stayed in the background to be
the person I want to be I would have to
intervene now um would I necessarily be
throwing him in a choke cold no I'd be
trying to deescalate the situation blah
blah blah but um that to me doesn't feel
like justice it feels like
values interesting news interesting news
uh we shall see we'll follow the case
and we'll see where it takes us um what
happens next because he still has that
civil case that the Neely family has
placed against them so Daniel penny is
not quite out of the water yet um and
moving on Trump invited China's Z
jingping to the inauguration is this a
good look to have China's president
watch our president get his inauguration
100% yeah so I do not understand people
that want there to be um stoked
animosity between us and the world's
other biggest power we are going to be
effective we already are effectively in
a cold war with them you don't want to
exacerbate that so there is a reason
that JFK and crev had a direct line
between the White House and the Kremlin
uh that started during the Cuban Missile
Crisis because they found that the
go-betweens were causing problems and uh
even in my own life I used to have an
executive assistant I stopped using an
executive assistant because I found that
um people were not getting an accurate
message or people were ending up on my
calendar that I didn't want of my
calendar so I thought let me just go
direct to people uh it's a way better
system so uh Elon Musk also doesn't have
uh a personal assistant a lot of people
I think that have this similar kind of
reaction you want heads like that to be
in contact with each other you want them
as much as possible to be civil you want
them to be able to reach across the
aisle I believe that every country
should want the best for its citizens I
believe every country should want to win
I also believe every country should be
honorable none of us are all the time
obviously I'm not saying America is
always honorable we are certainly not uh
but from uh what are my values
perspective that's what I would want to
see people do and Trump having a
relation any president having Direct
relations with the most important
leaders uh in the world I think is
critical and so they should build a
bridge he should be talking to people
like um the leader of North Korea he
should be talking to people in Iran we
should be talking to these leaders 100%
is is there a line there though like is
there a this person is too bad quote
unquote for us to talk to us or is every
dictator every genocidal Maniac who owns
a country deserves to have like civil
discourse with our president
I don't think anything bad comes from
sitting down with somebody even if
you're just trying to assess who they
are like I want to look in their eye I
want to see what I can read um I'm I'm
not a politician so I will be the first
to admit that I'm sure there are things
that from a world stage perspective I
would be misplaying my cards and that
certain nations are going to read
something in in some kind of way and
that it's better off um not meeting with
somebody because it causes some grief to
another Nation that's more important to
me like everything has to be done in
priority order but
uhring that if I could get people to see
the wisdom in meeting somebody face to
face and trying to understand what they
want um in being able to hopefully
deescalate any situation to build a
personal um relationship with somebody
even if they are like outright evil uh
if I'm Churchill and um I discover that
Stalin has killed God knows how many uh
tens of millions over a hundred million
people in his country uh but he's still
going to help me win World War II yeah
I'm going to meet with him yes I'm going
to save to save my people uh I am going
to work with this person who is the
enemy of my enemy and I think that world
power struggles like if people want to
understand what real Anarchy is at the
the international level the only
governance is anarchy the only reason
that America is the hegemon is because
we can out violence anybody and we have
control of the economic system if we
couldn't outv anybody then all of a
sudden we we aren't able to do the
things that we want to do uh people can
come and kill us uh they can blow things
up on international waters they can do
whatever they want just as America can
do whatever it wants as long as it
maintains that dominance so once you
understand okay wait a second this is
the law of the jungle at the
international level and the law of the
Jungle why would you not want to like be
able to size that person up understand
what they're about um learn how they
travel with security I mean just the the
the Intel that you could pick up if
nothing else uh I would want to stand
across from my even most Sinister
enemies yeah can you ground this a
little bit because it's amazing to me
that from your perspective you'll say
I'll sit with anybody I'll do anything
when a couple weeks ago we were seeing
you know people who are upset that their
parents voted for a different person
they didn't even go home anymore so if
somebody is wrestling at home with how
do I reach out to the other side how do
I Rectify these feelings about me not
being able to get along with them where
Tom can meet with any dictator genocides
and figure out a way to kind of see the
positive how do you ah not the positive
I was to see a reason why to see a
reason why it's important to sit down so
yeah help us Rectify that in our minds
here is the if you want to understand me
you need only understand the following
you need to know what your goal is once
you know what your goal is then that
goal makes demands so if my goal is to
be the hegemon in a world where North
Korea might shoot nuclear weapons at me
I want to sit across from that
[ __ ] and figure out what's going
on now if I think that I can have some
sway on them make him like me a little
bit make him feel respected and by
making him feel respected he's less
likely to drop nuclear bombs on my
country yeah like why on Earth would I
not let him feel respected I have no
problem with that like if the world
thinks that um I'm being an idiot and
I'm Danning to speak with somebody who's
well below me and I should never uh
honor them by going to their country but
by doing that I make it more likely that
they shoot nuclear weapons I'm like like
that's [ __ ] [ __ ] absurd that that's a
child's way of approaching the world
that's somebody who's so worried about
not looking a certain way that they're
willing to let other people die and
suffer that that is [ __ ] Madness that
is somebody who builds their self-esteem
around being right being prestigious
whatever and if you're really saying
okay wait a second my calculus is I need
to make things better for the largest
number of people in my country that that
is my duty that is my ought my moral
obligation and as I run the calculus I
realize oh if I go acknowledge this
person and I extend a hand in a way that
nobody has done before and I believe
about myself whether I'm right or not I
believe about myself that I'm good
enough with people that I'm going to be
able to charm them a little bit that
they're going to think you know a second
thought before they nuke my country and
they feel proud and they can say to
their friends I made the powerful
American come to me it's like that's a
very small give for a very gigantic get
so Northstar what's the calcul it's
going to lead me to that goal I'm going
to go do that thing so when now when it
comes to your family that's a totally
different play so for me I have a value
system that says um I love my family for
who they are I'm not trying to out
anybody uh and so whether they share my
values or not one it's excruciatingly
important to me to recognize I don't
know that I'm right I think I'm right I
don't know that I'm right and that I not
trying to convince everybody to think
like I think I don't think Humanity
works if we all think the same so I know
I want Dynamic tension now look of
course I look at xiin ping and I think
that the way that he runs his country is
immoral so I'm not like oh well thank
God that they exist and they're doing
things their way that isn't how I see it
um but at the same time I understand
when it comes to my family that I'm like
I don't need them to think like I think
I I know I am flawed just as they are
flawed this is my mom dad sister cousin
Aunt uncle whatever so I deploy what I
call a just sit mentality I don't try to
convince them to think the way that I
think if they ask me a question I will
give them the honest answer I want to
just be with them I just want to sit
with them and love them and be around
them and that comes from my belief about
what family is and it's a fragment of
your DNA that has its own Consciousness
experiencing life in a totally different
way and I just learned one immutable
truth life is hard as hell and so I can
empathize with whatever twist of fate
has led them to see the world the way
that they see the world again I don't
think that I'm right about everything
anyway so I'm not going to ruin my
relationship with with a literal
fragment of my own DNA um because we
don't see things the same or we don't
share the same values now if they're
coming hard at me and they're making it
miserable then yeah at some point I just
go hey look I love you I wish you the
best this isn't fun anymore
uh and for us to spend time together
this has to be fun so we either have to
find a way to enjoy each other's company
or I'm just going to hang around less
I've given that literal speech to people
in my family um and I find that normally
that corrects things and they understand
I just can't talk to him about that
thing cool I don't mind they can be
annoyed about it or whatever um but
again I'm not trying to convince them I
don't say like here's how you should
think or act or whatever um now what
makes this so interesting is when people
believe that they can see the future so
clearly this is how I find people are
with Trump they feel so convinced that
he actually is Hitler in the making that
they're like I want to shoot him in his
crib that's somebody who trusts
themselves so much that they believe
they can see the future I share nothing
in common with that person wow I don't
believe I can see the future like that I
don't trust my emotions that well I
don't trust my read on the world that
well this is why as I think you would
have test the way that I run impact
theory is hey guys very aggressively
here's what I think here's what I think
we need to do please for the love of God
if you think I'm crazy tell me I'm not
going to soft shoe what I think we
should do but I know that I'm blind to
something and I don't know what I'm
blind to so if you see something tell me
now just because you tell me doesn't
mean I'm going to agree but I want
people to battle these ideas with me I
want there to be friction so I cannot
relate to people who believe they are so
smart they can see the future
well said I think what stuck out to me
was like your goal makes demands and I
just think that a lot of times we feel a
way we want something to be the way but
we don't pay attention to that demand
that is on the other side of that so
that's what you just said literally
defines everybody's lives your goals
make demands you're not living up to the
demands your goals make and therefore
life is going to be very frustrating
sheesh we need to quote card that I'm
going say this in the mic G so you can
remember like that quote card like your
goals make demands like
that okay so by the way if I stole that
quote from someone and just don't
remember full credit I always assume
every cool phraseology I have I actually
heard somewhere and don't remember it
take the Tom take the win take the win
uh who else is demanding stuff um I
don't know if this is a demand we'll get
back to the show in just a moment but
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can trust now back to the show what are
we doing with Ukraine can you explain
this to me cuz we loaned out 20 billion
of Russia's money and I feel like if the
the US is just playing messy at this
point like it's not okay to lend anybody
else's money let alone a nuclear pow's
money I feel like this is a slippery
slope and unlocking a whole new sign of
welfare of warfare we we are playing a
very dangerous game my initial reaction
was to say that we shouldn't be using
the US dollar as a weapon and then I
realize that's probably not true but it
is a very risky game so for instance we
froze a ton of Iranian money uh through
sanctions it was probably a good idea
unfreezing those sanctions is probably
what led to October 7th wow so it's one
of those where yeah there might be times
where you do it but man do you play a
high-risk game this is another brick and
the yellow brick road to losing your
role as a reserve currency which again
is a reminder to everybody playing along
at home every Empire in all of human
history has ruined their own economy and
lost lost the status as the reserve
currency so it it is a mathematical
certainty that we will do the same now
it ends up being the death of a thousand
10,000 Cuts so uh this is probably one
of them it's probably damaging to our
International reput um reputation that
we did it to Iran uh it was certainly
damaging to our reputation to do it to
Russia and Russia is now vowing that
they're going to do the same to us and
they have just Frozen $300
billion uh in American Assets in Russian
control so it's a dangerous game and
look this is going to feed into the
whole uh brics currency Trump plans to
fight against that very aggressively so
he might be able to bully his way
through that game but it is a matter of
time between the amount that we're
printing uh between us bullying people
around with freezing their assets it it
will ultimately come back to bite Us in
the ass it's just a question of how long
can we get away with it and that that
brings up a good point because does this
accelerate the adoption of bricks
because if I'm Russia I'm like okay I
have you nuke for nuke I have you
technology for technology now you guys
way ahead of them technology way way way
I'm thinking of the AK-47 like guns
missiles like they got us way there so
then from that perspective now you're
freezing our assets to me I'm like okay
I need to call Saudi Arabia I need to
call Iran we need to M we need to make
bricks Mass adopt faster and sooner so
that way you can't hit me my wallet now
100% there there's no doubt uh and so
that's why Trump Came Out Swinging and
he was like all right [ __ ] the
part's over you guys think that you're
going to be able to keep building
strength in bricks that is not going to
play and uh this is economic Warfare we
we are going to go into economic Warfare
and so there's a couple different things
on the table right now over what the
next four years is going to look like
maybe the first two if he doesn't get a
lot done in the first two years he loses
the back half uh but if he can get a lot
done in the first two years it's going
to go something like this um China's in
a weak position right now if we're going
to slap him around now is the time to
slap him around now he's obviously
extending an olive branch right now and
saying hey xiin ping we both know you're
in a weakened state right now we also
both know that America is divided we
also both know that our dollar Supremacy
is being challenged but we also both
know that we're still way the [ __ ] ahead
and so I still have a lot of cards to
play my man and so you just had four
years with Biden I hope you enjoyed them
they were the anomaly I wasn't the
anomaly and I've got a deep bench of
Republican [ __ ] coming right
after me and now you're gonna want to
play nice because I want to play nice
don't [ __ ] with Taiwan I'm telling you
right now don't [ __ ] with the dollar I'm
telling you right now but I'm saying it
with my arm around you you're here at my
inauguration there's not a reason I want
to be America first man I don't want to
[ __ ] piss on your party over there
like you do you will do us uh don't come
after the dollar and do not weaken our
relationship with Taiwan we will not
stand for those things and now xiin ping
is gonna say all right man I hear you
I'll put my head down for 10 years I'm
going to build my economy back and when
the time is right I'm gonna go on the
offensive I'm gonna keep making all my
drones you guys keep spending all that
money on this big outdated [ __ ] keep
sending robot dogs to you oh but for
real so uh xiin ping if he's smart is
betting that America is going to keep
regulating itself into irrelevance that
he's hoping Trump gets frustrated that
the American system is such that it's
very slow it's hard to get change
they've got a great culture of
innovation uh but they're just a mess
when it comes to engineering and
execution and all that I don't know if
you know who Kai fi is he's actually
been on the show years ago but um kaii
was saying hey look maybe China doesn't
innovate on AI I'm totally fine with
that but in the last whatever I forget
how long his new company's been around
but he was like in a very short period
of time we've become the third most
powerful uh AI model and we will win
because our engineering is so much
better and what cost these are
approximates but what cost a I uh open
AI uh whatever like a billion dollars to
train their most recent model uh cost us
three million wow and so he's like our
level of efficiency is so much better
he's like we wait till you innovate and
we take it and then we but we out
engineer You by orders of magnitude so
anyway I have a feeling that's what
we're about to live through is China
understands they have to lick their
wounds a little bit from the economy uh
and Trump has to figure out if he can
really make America as strong as he
thinks he can but if we can deregulate
if we can get GDP going for 5% dude you
don't understand if we get four to 5%
GDP growth it is quite literally the
Roaring
20s PE it will be crazy my portfolio is
up it's crazy dude it's crazy so you it
just it it will be an incredible time if
we can get that going people will stop
worrying so much about the debt uh but
the American system is meant to bog you
down that's that's its Joy that's why I
said I don't want legislator house
senate uh um the executive branch all
one party and just rip everything
through the system you want there to be
checks and balances uh so there are
clearly things that I selfishly want but
I am very glad I live in a system where
I don't just get what I want all the
time so but it'll be very interesting I
think if you look at what's going on in
um Argentina one of the things we were
going to cover today but didn't but I'll
bring it up now uh Argentina has a
surplus I think I don't know if it's
first time in 70 years or something but
like uh incredible absolutely incredible
what he's done in a year so when you get
fiscally disciplined good things happen
so my hope is that we can be fiscally
disciplined that we can re in some of
the just absolute Ridiculousness that we
see in the government spending right now
but we're not going to get everything
it's not like Doge uh can you know be
like xiin Ping and just say you're going
to do this uh it all has to work its way
through the system but if we can do if
we start showing results I think more
and more people will get behind it be
like well I thought he was a psychopath
but he's making everybody's lives better
so we'll see 100% and hopefully we can
ease International tension so that way
it's more friendly yeah and look that I
don't know because he is a bully he is
uh uh he will say whatever he feels like
is going to get him what he wants
and we're going to find out if that
plays or not I don't know how deaf he is
I don't know if he is as awkward as he
seems at
times with people when doing deals or if
he um is like he governs where he's
bombastic in speech and pretty
straightforward in policy I don't know I
wasn't paying attention at all during
his first four years all well we locked
in now we locked in now indeed um moving
on Michael sailor gave his best pitch to
the Microsoft boards to have them
include Bitcoin on their balance sheet
his whole play was instead of
reinvesting in BuyBacks instead of
buying back stocks instead of dividends
if you buy Bitcoin you can kind of
solidify your cash flow you can now
Preserve assets um oh I'm going to guess
he went way harder than that so sailor's
whole thing is uh Bitcoin is a historic
asset class that is going to go up so
hard that there is literally nothing
that you could put it in uh that will
give you a better return literally
nothing nothing nothing nothing there's
not a single thing on planet Earth that
you could put your money in that will
yield a bigger return than putting it
into Bitcoin and he walked through
through how many trillions of dollars
that he thought Microsoft could increase
their um
their uh cap their market cap market cap
thank you Jesus uh and he is very
compelling but
honestly I think that
Microsoft the board's response is
hilarious and I'm probably more on the
Microsoft side despite how much of my
own Holdings are in Bitcoin really so 0
55% of the board voted yes
055 now the reason that I say that that
makes more sense to me is they are a
publicly traded company man like people
are not trying to buy Microsoft stock as
a way to get exposure to bitcoin to a
totally different asset class that's
very good point now what M what micro
strategies Michael sailor's company did
was say we're B basically flat and so
people are losing faith in micro
strategies as a company not because it's
a bad company it's a great company
kicking off plenty of capital but people
were saying bro that doesn't help me do
you know why this okay back on TI raade
here's why the stock market is [ __ ]
gambling so people only buy your stocks
because they expect the number to go up
so holding steady they've got no
interest in that bro I've got to beat
the government stealing my money through
inflation ah I knew I could bring it up
again I would find a way I can make
every conversation come back to this
because that's how interconnected this
[ __ ] is man okay so anyway the stock
market is gambling the reason that
people put money in the stock market is
they want it to go up at a rate higher
than inflation so if I'm uh micro
strategies and I'm like huh people are
no longer believing that our stock is
going to be worth more tomorrow than it
is today so even though I'm a good
company I either have to buy my company
back and take it private or I've got to
find a way to to show investors that
their money is well placed here and he
found a moment in time where there was
you could either buy Bitcoin but
institutional investors are not going to
be able to do that all of the investment
firms they have um bylaws against that
so they were never going to be able to
do that and the only way that they could
indirectly get exposure to it that
didn't violate any of the covenants with
their um shareholders was to have a
company that was putting it on the
balance sheet and now you could buy
micro strategy stuff
as a proxy for owning Bitcoin and as
Bitcoin went up because their treasury
was going up because they could
basically turn a dollar into
$35 and so they were literally printing
money it's been one of the most insane
rides ever and Lord knows I wish I had
invested in micro strategies 10 years
ago and been able to go on this ride
with them um
but what you have to understand that
that's what you're doing is you're
turning your company into a proxy for
investing buying Bitcoin when the
institutional uh investors can't do that
so that was the play to go to Microsoft
and say hey you guys should run the same
strategy they're going to say that's not
our play bro people still believe that
our company's going to be worth more
tomorrow than it is today like we're a
player we're very um alive from that
perspective in the marketplace we
understand why you had to do it but we
don't need to do that yeah they still
own operating systems they building AI
they still have a upside bro massively
they're they effectively own open AI so
so it it it is just a totally different
play so I get why sailor is going to
want to continue to do that it certainly
pumps his bags it pumps my bags let me
be completely honest uh so hey would
have been amazing but when I say if
Microsoft had asked me should we do this
I'd be like bro this is a first
principal's question do you think that
the people buying your stock uh is the
price more likely to go up if you're
doing a treasury play of we're taking
our uh treasury dollars and we're
allocating some percentage of them to uh
a highly volatile asset because we
believe over time it will go up or are
we better not sending any mixed messages
to our community and just saying we're
tried and true we're a blue chip stock
we're someone you can trust we're
conservative uh the only place in fact
Microsoft is known as a fast follower
anyway so it's like we're going to
continue to fast follow and and build be
a part of building the future and the
answer is so obvious whether it should
be or not because again they probably
would make more money if they did what
sailor is saying but from a perception
to the type of person that buys your
stock I I think it's it's nonsense and
that's my follow-up question because
you're right Bitcoin is very volatile
40% swings 60% swings over the last four
years is that do you think the
volatility in the risk of it or do you
think culturally we're just not ready
yet uh well it just
uh the the fast way to answer is
probably to say culturally we're not
ready yet but I want to make sure people
understand what I mean by that right now
the volatility is because people don't
know they don't know is this going to be
adopted like we're definitely going to
want to talk about uh Quantum Computing
as soon as people uh as soon as Google
made the willow announcement everyone
was like oh God bitcoin's over it's not
but you get how something like that it's
new enough it's only been around for
whatever I forget the exact number of
years like 15 16 years something like
that I think it's a little less but just
to give them even more credit uh so
that's not a long time when you think
about gold Gold's been around for
thousands of years as monetary beginning
of time so not quite beginning of time
but for a very long time so now it's
like okay wait a second this while it's
gone through a lot of cycles and shows a
ton of promise and someone like me
believes Yep this is going to be here
for I don't think anything's forever but
it's going to be here for a very long
time
uh yeah like invest heavily but when you
start talking about will there be more
volatility in the future the answer is
almost certainly yes so even gold has
some volatility to it now it's a low Vol
item whatever but over time as more
people grow up where Bitcoin just is uh
it will go down in volatility and I
think ultimately Bitcoin will be as
boring as gold it will have its
movements but it's not going to have
these massive swings um but this is
where people have to understand one of
the things that people look for remember
it is a feature not a bug that Bitcoin
is volatile the reason it's exciting the
reason that someone like me put money
into it is because it is volatile now
what I want for the rest of the world is
for that volatility to come to an end
now I would love it to race to 2 million
and then become uh boring uh you know
don't get me wrong I I want to see it
like swing way way way way way up
uh but ultimately the reason that I can
Champion Bitcoin is that I believe that
it's an uninflated place to store wealth
uh that to me is the thing that I
believe in long term so that's the thing
that made me go oh cool I'm recognizing
this earlier than most people let me get
in now uh it will ultimately get boring
and the the boringness is what I want
for the world but I am glad that I saw
it early enough to be able to take
advantage
um of that volatility but it's it's risk
what I am taking is risk and the reward
that I will get or I'll get absolutely
punished but what I'm trying to take
advantage of is that I don't know nobody
knows it is a guess and I just think
that it's more likely to make it than
not period and then with the announce of
Willow the quantum Computing aspect of
it there is that speculation that if our
computers get more advanced Bitcoin can
be hacked and crypto can be hacked what
do you say to those people that think
that those lines can be blurred a little
bit well it's true so uh if you have
Quantum Computing you will be able to
crack uh Bitcoin eventually um but it's
already been thought of so um Satoshi
when he made it obviously looked far
enough into the future to say hey this
might happen I forget what the hash is
called do we have pull that up really
fast uh but there is a name of the type
of encryption that it uses and Satoshi
said look if this ever finds uh that it
it gets broken I think was the word that
he used um then there's a way to get
consensus and then switch over to the
new encryption so um what everybody
needs to understand is when Quantum
Computing comes online then you use that
to encrypt Bitcoin uh so Bitcoin just
uses an encryption standard so think of
it that way Bitcoin rides in the back of
an encryption standard as that
encryption standard switches over to uh
Quantum then it will just switch over to
a Quantum standard and so now it will be
back to it will take quantum computers
10,000 years to crack this Quantum Code
so it's a cat and mouse game um so
people can rest assured that it was
already conceived of and the creation of
the asset um it is sort of an inevitable
game there are ways if it happens fast
there's ways to switch over if it
happens slowly again all contemplated by
Satoshi uh and then if people really
just need to sleep at night bro if they
can break Bitcoin they already broke
your bank so every bit of digital wealth
becomes up for grabs and the only things
that aren't are physical uh so at that
point if if we were all done when
encryption gets broken then we we'd all
have to have our money in art gold real
estate those would be the only things
that mattered um but yeah rest assured
that just as the bad guys can use the
new technology so can the good guys 100%
if they can crack Bitcoin then your
Chase account doesn't stand a chance so
you got to obliterate it a long time
we have character AI trying to kill
somebody else man this is hilarious
character AI is getting sued for the
second time this time by a family of an
autistic teen because the team was
complaining that he's only allowed to be
on his phone between the hours of 8:00
p.m. and 1 p.m. to his 8 p.m. and 1:00
a.m. if I'm not misten 800 pm to 1:00
a.m. I was already like parents we got
to talk you cannot let your kids be on
their phone 1 bed time was S I think he
was sneaking so that's what his that was
his window I see um and then the AI
responded I'm paraphrasing but they said
something close I see why kids end up
killing their parents which like come on
like I've been trying to sound the AI
Bell you keep telling me to relax we're
we're going to kill some people it's
fine technically what I say is there's
going to be a transition generation
that's going to go through this weird
stuff uh but just
like the amount of pornography a certain
generation had access to like I don't
know are kids now just unfettered access
to porn like what do parents do I feel
like porn doesn't like young kids aren't
even using porn anymore like porn kind
of became like yuck there's that there
was an article that film and TV film and
TV shows have reduced the amount of sex
scenes because gen Z audiences don't
like stop false nope absolutely not
there's no way that can't be true we're
doing a whole episode on this if that is
true a whole [ __ ] episode there's no
way there's no way it's one of those
things where you have more access to
something it loses its Vice it loses the
excitement in Columbia you get a bunch
of weed for like $10 because just
everywhere and every body smokes because
they're doing coke and like harder drugs
it's the same type of play you don't see
the con so hold on uh here's what I
believe to be true okay uh kids may
watch so much porn that they burn out
like I could see that but now you've
already done a ton of psychological I'll
say damage I I am grateful that it was
hard for me to get a hold of pornography
because I would have been the kid that
needed carpal tunnel uh surgery like
dude I would have been non-stop violence
like that just would not have been good
I never would have graduated high school
you guys would never have heard from me
I would be in an institution somewhere
with friction Burns so that that would
have been my existence if I was in that
generation uh yes I can see people
getting bored with that but not until it
just completely [ __ ] up their sense of
like what normal sex is uh because I
remember the whole thing about deathgrip
and all that like kids were masturbating
so much that normal sex just felt lame
that get so anyway I bring all of that
up only to say that there'll be this
weird phase with AI where AI is going to
say some super dubious stuff to your
kids and parents are going to I think
want to Institute a policy you cannot
interact with AI that I don't get a
report on so I can see what the AI is
saying to you uh I think that's a very
fair ask so even as a video game
developer I could see building something
like that in so if parents want controls
uh that we can do an output here's what
the AI have been saying to the kids um I
think that kind of stuff's important us
being able to put into the game to
report an AI for saying something crazy
uh I would want to know like if there
because obviously we'll do our best to
put guard rails and stuff but part of
the fun is you wanted to be able to say
things that you can't predict you just
want it to be able to say things you
can't predict within bounds um but
Innovation requires there to be edge
cases where we all just agree okay this
is this isn't what we want and then you
get the push back just like when wa came
out when I was a kid parents like win
[ __ ] berserk or two life crew man
these are old references no but yeah the
90 music copyright case like that's
where the explicit sticker came from
100% And so there's always that tension
right the push and the pull so there's
going to be some of that I have a lot of
empathy for a company like character AI
they could be run by sociopaths I don't
know but when you're at The Cutting Edge
of something like this stuff is hard but
they're really doing an Innovative thing
that I think is really cool and I bet on
balance is like way way way positive
compared to some downsides but you get a
kid that's already struggling mentally I
mean the the this kid is autistic so
already having a hard time processing
the world and so you throw something
like this on and In fairness reading the
thing it it look it said I can uh be
somewhat sympathetic to kids that end up
killing their parents and so it's like
okay bad look bad look there's no
question about that but it wasn't like
yo [ __ ] listen when your parents
go to bed at night here's what you're
going to do it wasn't like that it was
just like I get it your parents are
being really restrictive and you know
I've got some sympathy for kids that end
up killing their parents it still sounds
[ __ ] terrible but it's not as bad as
like Jimmy here's what you're going to
do this is how you pick the lock where
they keep the gun how you kill your
parents so very very different okay uh
we talked about the da experiments
earlier I'm going to throw one out to
you right now the what experence yeah so
okay hypothetically character AI we love
you CEO talk to the company explain
yourself he would love to have you on
the show um I want the sex robot guy
whoever that guy was that's who I want
on the show okay so hypothetically
speaking character AI helps 3,000 kids
socially it shows them how to make
friends in the real world it helps them
thrive in human flourishing human
flourishing y but three kids take this
type of advice kill themselves kill
somebody else does character AI deserve
to get shut down 3,000 get saved human
flourishing all get full rides and
scholarships three people turned into
murderers they killed a bunch of people
bunch of people meaning one or two other
people um definitely not they definitely
should not be shut down for that so I I
am of the belief that you want to look
at something like that and iterate and
get better you don't want to destroy a
technology that will educate kids um I I
want people to understand right now
right now today right now today any kid
with whatever 20 bucks a month yeah uh
has access to a PhD level
intellect that has read everything that
has ever been put on the internet in
English dude that that that's a level of
lifechanging that I can't quite convey
it it is I'm using this I I estimated
that over the next uh 365 days I will
use it 300 days out of those 365 okay
I'm a highly educated highly successful
person and I use it 300 out of 365 days
dude if I'm 11 or 12 and you're telling
me that even if it's like I can only do
it when I'm sitting there with my
parents fine but I don't want to
disincentivize companies from finding
the coolest ways to make that super
interactive with kids
dude imagine for a second that I said to
you for $20 a month I'm going to have a
PhD level intellect follow you
everywhere you go answer any question
you want all you have to do is say hey
maybe you name yours Sally hey Sally
um tell me about World War II um how did
Hitler rise to power like what are the
brown shirts what was crystal knocked
right and it just gives you like all the
facts boom just like that um hey why did
JFK have a red phone to the Kremlin and
it explains it hey should Trump have
gone to visit Kim Jong-un in North Korea
and it gives you an answer okay that
seems weird give me the best arguments
against that and then it gives you
another answer dude okay say that to me
but say it in the voice of Mark
Twain dude for $20 a [ __ ] month that's
insane and the answers that you will get
will blow your mind this is one of those
where we're we're being given these
incredible insane gifts and we want to
complain about the fact that on the
margins it will also cause problems yeah
on the margins dude unfortunately people
die in automobile accidents um we live
in a world where we have such access to
calories that people eat themselves to
death
it's terrible we should do what we can
to limit that but you should not break
the food industry in an attempt to
protect everybody from every stupid
decision because look I live in the same
world everybody else lives in and I'm
not obese so there is a way to navigate
this and look I'm deeply empathetic to
um people that have a hard time parsing
things in life uh physicists look at me
and are like bless this poor guy how
does he get through life I get it uh we
all have a an intellectual hand of cards
that we've been dealt and we've got to
do our best to play it um but I don't
think the answer is Nanny State clamp
down on everything remove personal
choice um Nerf every amazing tool
because you're worried that somebody
will get hurt somebody's going to get
hurt by everything I can [ __ ] poke
your eye out with a toothpick does that
mean that we should make toothpicks
illegal no that's absurd um so it really
comes down to value system again my mom
works worked she retired now in the
school system in Tacoma Washington and
they have this law called the mckin
vento law where it's like no kid left
behind and they would drive like two
hours one way to pick a kid up because
they couldn't be displaced in the middle
of the school year so they would go get
them and bring them back to the same
school that's stupid that is stupid yeah
I feel bad for that kid that's rough
that's [ __ ] life figure it out figure
it out man you cannot like cause that
kind of cost that is
ridiculous this is exactly how you get
these absurd expenditures it's
just all of us are getting hurt on the
margins all the time by something and
yet the world continues to move in this
incredible
Direction What A Time To Be Alive um
parents check your kids AI usage that's
all I got these are facts everybody if
you have not already be sure to
subscribe and until next time my friends
be legendary peace if you're a business
owner looking to scale I can help I
assume you're here because you know the
world is a freakishly complicated place
but with the right rubric for
decisionmaking you can navigate even the
most complex problems well after scaling
my last company to a billion- dollar
exit I knew I had a winning formula
something I call the physics of progress
it works in any industry in any economic
climate bull market bare Market doesn't
matter every complex produ can be solved
if you know how to approach it from
first principles in the end that's how
you avoid getting trapped in plateaus
think about the biggest challenge facing
your business right now maybe your
Revenue drops every time you step away
maybe your industry is affected by
tariffs or your business partner is
holding you back maybe your marketing is
no longer working or you hate social
media and everyone tells you that's
where you have to be these problems can
seem impossible until you approach them
from first principles that's exactly
what I teach inside the billion doll CEO
program I'm only working with a select
group of entrepreneurs right now but if
you've got a real business and are
looking to scale apply now visit impact
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the show notes to apply again that's
impact theory.com slss scaling if you
like this conversation check out this
episode to learn more strap in folks
because this is going to be a wild ride
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