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podcasting 2.0 for June 11 2021,
Episode 41 We are the super

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spreaders.

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I'll give you context to that
eventually. Hello, everybody is

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Friday time once again for board
meeting. That's right. Your two

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directors are here today for
podcasting. 2.0 everything going

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on to podcast index orden
podcast index dot social. We got

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a lot to talk about road stories
you name it. I'm Adam curry in

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Austin, Texas and in Alabama the
man who hasn't changed in the

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seven years since I last saw him
my friend on the other end day

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Joe's

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week of sleep with no rooster.

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You did kind of get the the raw
end of the deal on the on the

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Airbnb in Miami.

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Like, I mean, all I saw was I
woke up at what was it? Like,

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three o'clock at 345 in the
morning. Yeah. to the to the

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extreme rooster crow. Yeah. And
that was no, that was not fine.

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Yes, we are of course referring
to the podcast index.org journey

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to Miami for Bitcoin 2021

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which we did on behalf of
podcasting. 2.0 of course, to

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spread cheer, mainly to meet
people. Yeah, and

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I would describe this whole
event that maybe even our whole

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journey, as Comic Con meets fire
festival was kind of great.

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And really, you know, we're on a
very small budget here. And we

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you know, we paid for most of
the stuff out of our own pocket,

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but I think the Airbnb, I
believe was,

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you know, was from the company,
the morgue.

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So Eric, Eric is very frugal.
And you guys were already there.

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org chart is not big.

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Yes, the three of us.

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And so I flew in later because I
had to hustle after the after

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doing no agenda show.

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And I mean, I'm in the cab, and
you know, drive and it's like, I

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was nice street here. I knew we
were kind of close to the

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convention center. And the guy
hangs right and like, Whoa,

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where I'm right. I'm in. I'm in
an episode of the wire. This is

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crazy as drug deals being done.
Is this you'd like text me when

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you're out front? Yeah. Unlock
the gate. There's a huge,

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wrought iron gate in front of
this place. It was like was like

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250 bucks a night or something.
It had three bedrooms, you guys

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had graciously given me the
master bedroom. That was very

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kind. You didn't have to do
that. In fact, I fully

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considered to be shoved into the
corner.

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When I arrived. You're mean
you're the pod father? I mean.

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Yeah, baby. Yeah, yeah, I got
the I got the front room so that

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if there was a drive by

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you'd catch it. Yeah, yeah, I
was gonna be the human shield

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for you, too.

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I think that's what they like on
the street. I think that's what

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they call like, there's this
huge black rooster that just

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kept walking across the street
all day long. And I mean, this

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thing was as big as like a you
know, it was like a dog. Throw

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saddle on that bitch.

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I think I think that's the name
of the of their mess that they

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were cooking over there. The
black rooster. It was

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black.

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Yeah, I like it. Maybe that
should be our logo. Black

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rooster.

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I liked it.

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It was. It was great to see you
again. I've seen Eric recently,

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of course, and you'd never met
Eric. And the three of us are

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quite a pair. We really vary in
in sizes in all kinds of

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different ways. I'm sure that
people who saw us come and go

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like Who are those guys? Well,
here's how it goes. There's

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there's a minimum requirement to
be in the in the Bitcoin

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community. And you're like, in I
don't get I'm not in it.

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You and Eric are like six foot
100 Yeah, you know, I'm like 510

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and Ryan Ryan Gentry is taller
than I am. Yeah, I mean, like I

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was staying at one point. It was
you Eric Ron Gentry standing

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there in me. And I was just
staring at everybody's chest.

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But I did I did have some
support because Graham Graham

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critic is also a small guy. Roy
Mahler's a small Roy's masa.

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There's like this extreme
Academy. My name is Tim. Yeah.

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Oh my god. So yeah. And I'll
just give a little

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little color around this. So the
event itself you know, this is

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convention hall, and really was
split into two parts. One is a

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an auditorium we have which was
nice and air conditioned. You

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sit there and watch what's going
on on stage so very much like a

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really big show. Kind of like an
apple event. You know, that are

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the old Apple events with the
audience and the stage. The

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Apple event was in a

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Husky story,

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Jim.

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And then on the backside, they
had, you know, vendor booths and

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all that. And then outside it
was a bunch of bubble tents,

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mind you, this is 85 degrees,
but it's miami heat. And it was

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it was 80% humidity, it was, it
was disgusting. And then I

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presumed the people who paid for
a tent was outside, that was the

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stacking set stage. And that was
clearly you know, I think

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lightning probably paid for
lightning labs paid for that.

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And sure, a couple other people
had it felt like a pay to play,

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which is not uncommon for
conferences. And

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I would say in general,

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is a total waste of time to go
there and watch anyone speak

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because you look at the videos
online, that's now now you can

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really follow the conversation.
You're not sweltering, or you

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know, cuz you don't get the same
energy necessarily. But for that

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you didn't even you didn't even
talk about the line, the length

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of the line to get into that.
Yeah, why don't you once you

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fill everybody in, though, I
mean, like, Whoa, so we, we get

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there and get out of the Uber,
and then walk, you know, walk

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across there. And it looks like
the line is fairly long. So we

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start walking down the block,
and then we get maybe, I don't

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know what, 60 feet. And we're
like, yeah, this is right. I

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mean, we'll just join the crowd
or whatever was moving. It was

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moving. Yeah. And then some and
then this lady accosted us and

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like, you know, y'all get to the
back of the line, she started

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shooting as a bird.

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So we were like, I felt really
bad about that. But I didn't

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realize until we walked another
mile.

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And it was still not the back of
the line. We went Screw it. Yep,

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we went like all the way around
the block and then started going

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down the backside of the other
block. And you're like, no,

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let's just go to a bar. Yeah.
And so we wait a little bit and

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see and then we we got in and

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for you know, I think for for
our money, the best part of

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being there was going you know,
going for drinks with with Roy

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from breeze and Tim from Ellen
pay. Um, you know, having a nice

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chat with Tim.

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Really just connecting with
everybody meeting, I met

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Elizabeth Stark from lightning
labs, who was very, very

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complimentary about all the work
that's being done with the

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valley for value streaming
payments. And this is just, this

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is just an accepted thing now
you know, this this streaming

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value for value it's it's, it's
understood, it's accepted.

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Either someone has not heard of
it at all, or they know all

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about it. At least in this
crowd, obviously. Yeah, we got

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one one of the guys on the
mastodon I didn't he was the one

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that do the go pocket.

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He got a few he got a few of
those. And I got some in the

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mornings and stuff like that.
Yeah, that was that was nice,

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but it was good to see all these
people they're real they're just

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people.

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Yeah, it had its fair amount of
booth babes and Satoshi slots

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and stuff like that walking
around. And and there were some

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interesting things that
happened. You know,

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Max Kaiser started his mean fast
which and and I started starting

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to understand him even more than
I did. All right. And I did an

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interview for his RT show Kaiser
report. Didn't one of those

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sweltering bubble tents? Oh,
yeah. The Mad Max was pretty. He

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was pretty wide action, the
convection oven. Yeah, he was

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pretty wiped out because he
expended so much energy. I'm

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sure most people have seen him.
Just going nuts on stage at the

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opening with the fuck Ilan.
We're not selling.

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But this is all very calculated.
You're now he's doing the fuck

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Ilan World Tour, which will kick
off off in Austin on July 8. I

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didn't know about this tour.
Yeah, we're, we're I'm helping

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him put it together. There's a
couple guys here actually.

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Yeah, and we got a venue already
booked and sick and just

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couldn't be max doing a 45
minutes set first.

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punk band.

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I want the T shirt with the T
shirt with the tour dates on the

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back who Oh, yeah, exactly. But
he's really meaning it he he

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understands exactly how he can
use his his position and the you

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know, his followers. And this is
just a meme. You know, it's a

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lot of what Bitcoin is it turns
out you know, the the sentiment

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of the market is very
interesting.

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And so I think he's,

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he's a really important part of
this point in time for Bitcoin

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is very interesting to me. Then
jack Mahler's, who is

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he's the guy behind while zap
wallet but also strike

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He's very young, he's like in
his mid 20s.

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Everything in my body wants me
to not like him, but I can't

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help it. When I hear when I hear
I'm like, Ah, you know.

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And I think it's because I see
some of younger me in him in a

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way, you're doing kind of
little, little touch of

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arrogance there. That's like,
Man, it's so much easier if you

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tone that down a little bit. But
to his whole, the whole thing

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kind of represents the the group
of

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the age group and generation
that is so much more open to an

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alternative way of society in
general. And for them the core

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is the money stop talking with
our money. And I like that I

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really liked that he
communicates that quite well.

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And then of course, he he also
shepherded with a number of

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other people but and he is a
great face guy.

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The adoption of Bitcoin as a
national currency and El

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Salvador.

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Yet someone that's that I'm like
you I wanted to and I want to

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talk about the El Salvador I
want to get in into, I want to

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dig in and get deep on El
Salvador. But before we do that,

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just to wrap up the main point
of Bitcoin 2021. I was reading

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in Bloomberg this morning. It
was a super spreader event. Oh,

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did they say?

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Super spreader at now I don't
know if they meant Coronavirus

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or podcasting. 2.0. But a
healthy combo I think was

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achieved. There. There was maybe
I think all totaled it at the

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conference itself. I maybe saw
in masks. Yeah, if that and most

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of the

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people who were working the
event you're serving food or

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something like that. Yeah. Yeah.
Now there's some people I wish

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had worn masks.

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But

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definitely, it was definitely a
super spreader event. Okay. Hey,

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listen, I make the jokes around
here.

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Alright, let's talk about El
Salvador. Do you want to Okay,

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yeah, sure. Why not? Well, so
let's see. I'm like you I

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thought that I thought that
maulers I kept wanting to not

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like the guy cuz he he's got
that arrogance and he's got you

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know, who's got the Lambo and
all that. By the way? I said

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there would be a Lambo and you
said there would not be a lamp

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there was a Lambo, the former
New York banker sent me and sent

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me a picture. He said Hey, man,
it's not yellow, but it's the

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land we have a long standing
joke. In my my bachelor days

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when I when I divorced, he took
me out for drinks. And I said,

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Let's buy a Lambo and we decided
would be a yellow Lambo with a

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midget in bikini driving it and
I woke up the next day and and

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had to go look on my phone to
make sure I hadn't actually

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ordered.

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man that was bad.

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So that's Yes, there was a
Lambo. I stand corrected. There

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was a lot of shit coin activity
going on? Oh, a lot of that.

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Yeah, it was not yellow, it was
an orange Lambo.

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So, yeah, I wanted to not like
him because of all that too in

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the race car and all that jazz.
But then in, then I see you

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underestimate this guy. And then
you see what the strategy is.

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And he's brought amaze right on
that mean that it really comes

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down to I mean, he's seeing the
broader the broader landscape

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here, but I don't think that the
broader lens I don't think that

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what his vision or any of the
big one people's vision is.

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I don't think any of that really
is fully encompassing the whole

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picture of what is going on. I
mean, clearly it can't see I

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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
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1557
01:39:48,690 --> 01:39:52,830
index.com for more information
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