Okay, so maybe they found Satoshi Nakamoto, which is exciting.
One of my favorite mysteries.
I feel like I can rule the world.
I know I could be what I want to put my all in it like days on.
It's an intoxicating story.
And I, you're talking about the new HBO documentary.
I didn't watch it yet, but like the headlines make it like amazing.
I have to watch it.
What's the, what's the gist?
So the documentary is not amazing.
I'm going to start with that.
It's good. It's good, but not amazing.
It's interesting because the guy thinks he found Satoshi.
That's the only interesting part, to be honest.
The documentary is kind of poorly made.
Like the director makes himself a pretty big character.
And he also says stuff that feels like unprofessional.
Like he'll be talking to be like, and then, you know, they made NFTs, whatever the hell those are.
And it's like, whoa, like, why is the narrator like so opinionated?
It's kind of crazy.
But what's interesting to me is look, I'm, I'm into any theory of who Satoshi is.
I think it, I think it is amazing that something like Bitcoin even happened, it's straight out of a movie.
Yeah. Tell me the story.
Okay. Though the whole story is this 2008 really, there's a white paper, the Bitcoin white paper gets released where some guy posts on a forum and posts in there that, Hey, he thinks he solved the double spend problem, which was a lot of people in the past that tried to make a virtual currency, a digital
gold, there was e -gold, there was hash cash.
There was all these different things that were tried and they all filled for different reasons.
So for example, e -gold started to get really popular.
I had like $2 billion in volume, but the guy who created it, created it as a company.
It was a founder, a CEO of a company called e -gold, and he lived in wherever Canada or something like that.
And as it hits 2 billion in transaction volume and on the website, it says, this is a digital currency backed by actual gold.
And it says we'll be around, you know, today, tomorrow and forever.
And actually instead knock, knock, government knocks on his door, comes in, raids him and puts him in jail.
And so problem one with digital currencies was you can't be the guy behind it because as soon as this thing gets popular, you have too much power.
And the nation states who today control the currency supply, they're not going to like you or that, or they're just going to do character attacks on you with to discredit the currency.
Okay. So Satoshi solved that problem launching it under this pseudonym Satoshi Nakamoto, nobody knows who it is.
And not, you know, the anonymity of the whole thing.
And then he disappears.
Okay. So the second thing was.
Other people tried to do it with hash cash and other things, but to get the actual cryptography to work, to get the currency to work, you had to make sure that nobody could double spend the money.
Right. So like one of the reasons when you swipe your credit card today, that transaction goes to a bank, the bank says, yes, this person's got the money and that money is not already been spent, sends that message back to the register.
The register says approved, that lets you go buy the thing.
Right. So the bank takes its 3 % fee because it's verifying that yes, this person has the money that this person's card is not, doesn't appear to be stolen and that that money has not already been spent in another shop 10 minutes ago.
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Back to this episode.
So, uh, what Bitcoin did was it was Satoshi data.
So you've released this white paper saying, I think I've solved that problem.
I think I've actually created a decentralized way to make money, meaning money that can be trusted, even though there's no central party, like a bank or a government that is verifying all the transactions.
So that's the breakthrough that happens in 2008.
They're discussing it.
2009, the first Bitcoin block happens.
And did this person like actually code something?
You use the phrase white paper, which, uh, it starts as a white paper, which is just an explanation of a system.
It's an idea. It's an idea written out like a business plan, but the technical variance of it.
Right. Here's the here's the technical plan of how we could create a currency.
That's decentralized that average trust.
All right, great. Uh, but it's not coded yet.
Then he codes it. And by the way, people, when they've looked at the code, they're like, this is not done by like a super sophisticated programmer.
Like there's things that, when you look at the code, you can sort of see the elegance of it, the, the styling of it, all that, the level of technical proficiency, and people, when they would go look at that, they don't think that it's done by somebody who's a super well, a super senior programmer.
So they think either one of two things.
One, it might be an academic type of person.
So somebody who's technical enough, but really it's the theory.
That's the conceptual leap.
That was the big leap or that it might be somebody young.
They're like, it works, but it's just like the wires are messy.
Exactly. And by the way, the, the sort of sequence of events, and I'm doing this off top of my head, so I might get some dates wrong.
So 2009, so after the oh wait financial crisis, which was like what people believe was the stimulus for why Satoshi felt this needed to happen because the banks got super greedy Lehman brothers fails and other banks start to fail.
The U S government steps in and buy $700 billion worth of bad debt, uh, basically bails out the banks, prints more money tries to basically paper over the problems.
Right. And, uh, so people who want a currency that's like a hard currency, meaning something that just can't, you can't just print a whole bunch more and devalue my currency cause some other people made mistakes.
They didn't like that.
Uh, and in general, this idea that it's too big to fail and the government controls it, people didn't like that.
And you know that he feels this way because he's blogging every day.
It's written in the, there's, there's references to why there's a need for this in the white paper.
There's his forum posts.
And this is all happening on message board forums.
What's a message board form?
Originally it was just that, uh, the sort of cryptographers like mailing list, but then he created a forum of his own called Bitcoin talk.
So Satoshi creates Bitcoin talk.
His username is called Satoshi, which is a very important point for how this guy thinks he found him in the end.
So on January 3rd, the, there's a message embedded in the first ever Bitcoin block, which says the times Oh three Jan 2009 Chancellor on the brink of second bailout for banks.
So in the very first block Satoshi who mined that block, the Genesis block of the whole thing is basically putting in an ideal like a statement there, which is Chancellors on the big on the, the Chancellor is on the brink of a second bailout for the banks, pointing out why we need something like this in the first
place. How powerful is this?
This is so, like, um, you know, like in high school where you read literature and they want you to dive deep and they're like, did you notice on, uh, you know, page 200, uh, he killed someone, but you notice on page 50, he alluded to like, he was going to do that.
Like he said he loved red.
Uh, do you know what I mean?
Like, this is like what this is.
It definitely has big aim away message energy.
It definitely has, uh, when I'm in the bathroom and I Sean was here, he is always here.
It's like, what, why would he mean?
Who was trying to get poetic in the bathroom stall?
Like that was Satoshi on the first block.
All right. He posts there now.
Let's fast forward a few years.
So there, and but Bitcoin's like at like, you know, one cent 30 cents.
It's like, not, not like what Bitcoin is today at all, anywhere close to it, right?
And, um, but the community is interested in it and they're talking about it and it exists now a couple of years, fast forward a couple of years.
Something happens where Satoshi posts one day, then the Wiki leaks leak happens.
Satoshi posts and says, they've, I'm afraid that this is, they've kicked the hornet's nest and this is going to cause a lot of unwanted, you know, attention.
It's too young. It's too young to deal with the government coming after us, uh, to try to shut this down because Wiki leaks is saying, Oh, we can use Bitcoin and the government hates Wiki leaks.
Therefore they're going to try to cut like choke Wiki leaks by, by killing the Bitcoin system.
So isn't that, isn't that intoxicating thing?
You're just like dorking around on a message board in your, in your playing with concepts of like, the government is after us or like this big national security threat is bad news for us because like, you know what I mean?
It's like, by the way, there's references to this so early on when nobody, like, you know, Bitcoin might've had 200 eyeballs on it at the time.
Like 200 people on earth knew about Bitcoin.
But the foresight to say, I'm going to be Satoshi.
I'm going to keep this all anonymized.
The second thing to say, there's, there's people like Hal Faney who go in there and the very early replies and it's like, well, if this actually became, you know, adopted as well, you know, the world's reserve currency, that would make every Bitcoin worth like, you know, $2 million or something like
that. It's like, Bitcoin is worth not even $1.
Yeah. That's just like a ridiculous thing to type out.
Exactly. Is absolutely ridiculous, but this is like sort of the foresight, the visionary sense of that.
And by the way, that, that guy, Hal Faney, a lot of people think, Hal is the, Hal is Satoshi because the case for Hal is brilliant, you know, cryptography mind.
He was the first recipient of Bitcoin.
So the first transaction was Satoshi sending to Hal, which if you're a programmer, it's like, did you send to yourself?
That's a, usually that's how programmers start things.
That might also be the case against, because if this guy's kind of trying to cover his tracks, he would definitely not send to himself as the first transaction.
Right. Um, and then Hal gets Lou Gehrig's disease and dies and disappear.
And basically he dies at the same time, just Satoshi's last message is worth.
Right? So, and, and the fact that this person has resisted the temptation to move to like either claim credit or touch their, you know, $700 billion fortune that's sitting there, not a single coin has ever been used from that, that, that, uh, fortune.
Maybe it's because the guy's debt, right?
Maybe that's the only way to explain somebody who has the, the, the resistance to it.
So that's also related to the case, which is also related to this current suspects case.
Exactly. So let's carry on.
So people think it's how many people think it might be this guy, Adam back who created hash cash and definitely traded emails early on with Satoshi.
And you know, he runs block stream, a company associated with Bitcoin.
So people don't know who it is.
They think it might be this, this mysterious Asian guy way die.
He's like this brilliant cryptographer to nobody does it.
There's no photos of this guy on the internet.
He claims. So they're like, maybe that's Satoshi.
People don't know. Another person who like kind of came to the mix.
Have you read the book about Paul LaRue?
I think it's the book it's called.
It's about, it's called mastermind and people haven't read it.
But you, you told me about that.
Oh my God. And toxicating story.
And like, he was thrown in the mix.
So there was like all these people who throwing thrown in the mix.
Think it's Elon is it whoever.
And it's like, okay, then we get sort of far fetched.
And that's sort of the fun of it, by the way, it's like, you know, the, the, the mystery, I genuinely think we are all better off not knowing.
In fact, I'm sort of.
I'll spoil this for a second.
The documentary comes out.
It makes a case as to who they think it is.
The reaction on Twitter is like, Oh my God, that's no way.
That's BS. Yeah. That that's weak proof.
I don't know. I'm maybe it's because that was the react that the vociferous like, no way, no chance, no, no chance in hell.
I'm like, I don't know.
The evidence is sort of the evidence is sort of interesting.
So finished the person's district.
Okay. So let's start.
Let's continue on. So the Wiki leak things that Wiki leaks thing happens, I think something like 2011, 2012, uh, Satoshi post three days later, he makes his last post.
So he posts, Wiki leaks happens two days later, three days later, last post disappears, never to be heard from again.
Okay. So that's the, the mystery kind of like sits there, or actually, I think it did come back and post something in like 2014, 2015.
Um, and by the way, he didn't disappear as in nobody heard from, he at some point even said, I'm going to move on.
I'm going to stop talking about, I'm going to stop contributing to this.
Like it's, it's on its way and I'm going to move on.
I'm going to stop talking about this.
So then in 2014, 2015, there's a big debate in Bitcoin about like the transaction speeds too slow.
Some people say, Hey, we got to make the block size bigger.
That'll let more transactions go through.
Some people say, no, no, no, you can't change something as fundamental as the block size.
We should do this other more complicated thing that will take years.
But the reason we should do that is because if we change anything about the Bitcoin protocol, it undermines.
It's like, Oh, if you can change that, then can't you change the 21 million supply, like you lose the core credibility.
There's two sides of this debate.
And on one side of the debate is this guy, Roger Ver, who calls himself Bitcoin Jesus.
He, he made a huge bet on Bitcoin early on millions of dollars and became a billionaire off of it.
And there's other people who were saying, look, we need to get this thing adopted now, we need a quick and dirty solution.
Just double the block size and shut up about it.
All right. You know, people want to use this thing.
They can't use it today.
They got it. We got to do the fast solution.
Uh, let's go, go, go.
They end up actually on the wrong side of the history.
The community goes against them.
They create their own thing called Bitcoin cash kind of this thing that has low reputation.
The people who said, no, no, we got to stay true to Satoshi's vision.
We're Adam back. It's got Peter Todd and like, you know, a handful of others who said, no, no, no, the thing with Bitcoin is it's got to be pristine.
You can't, it can't be where like the government, government printing money, we can't just suddenly arbitrarily change the rules.
It's like people who want to follow the constitution, which is like, it's all like a, it's like a pretty funny thing that the constitution was just like a group of like 20 and 30 year olds who like came up with this idea and now billions of people and 250 years have passed.
And we've all just kind of bought into this idea that this is the way things are.
And no matter how the world changes, we don't break it.
We don't change it because even if you think you get a second amendment, do we need that?
Is that exactly right?
It's like, once you change the amendments, now everything's up for grabs.
And so it's actually sort of better for the collective that way, which is like a ridiculous concept to think about.
And you can also say the same is true for like religion and like holy texts where you're like, someone wrote this and tens or hundreds of billions of people have dedicated their lives to it.
Like it is like, that's a really fascinating concept, but and that's what's happening or that is what you're referring to.
Bitcoin is very much like a religion and the people who follow it are very like religious about it.
So anyways, he weighs in one last time.
They're saying small block size is what we should do.
And it goes the way of Adam back, Peter Todd and these other guys.
Okay, cool. That's the last we heard of.
And they've tried to find them to know how to find them.
So this documentary goes through and he basically under the premise of he goes to all the OG Bitcoiners and he tells them I'm doing this documentary.
He doesn't tell them he's trying to find Satoshi.
What he tells them is more along the lines of.
I want to tell the Bitcoin story.
I don't know if he tells them it's going to be on HBO, but like, this is good for things.
So a lot of them agree to do this, which is pretty rare for them to agree to sit down and do these like taped interviews.
And along the way, as he's building to make this documentary, he's slipping in questions about Satoshi.
Who is, are you Satoshi?
Why do people think that you are?
What's your claim to not be right?
Hey, people think that guy is.
Do you think that, well, it makes that credible.
So he's slipping and then the documentary is basically he kind of filters out 80 or 90 % of their conversation, probably.
And kept the 10 % that was about like trying to figure out the Satoshi stuff.
Okay. So in the end, he, um, he puts it on this guy, Peter Todd and Peter Todd seems like an unlikely character for a bunch of reasons.
Number one, when Bitcoin, when the Bitcoin paper was released, Peter Todd would have only been something like 23 years old.
He was like kind of like a kid.
Number two, he's, he's come out and joked around like, yeah, I am Satoshi.
Which like, you know, you, the real Satoshi is probably pretty paranoid.
On the other hand, some people say, no, the metagame would be, you jokingly say that you are Satoshi to start to throw suspicion off.
He right. That sort of thing.
Uh, there's not a lot of evidence that ties him to this.
So they're like, okay, I guess it could be Peter Todd, but like, why not Hal Finney, the guy who got the first transaction?
Why not Adam Beck, who was one of the first people ever to talk to Satoshi?
Never has never has released those emails between him and Satoshi.
Uh, and was the inventor of hash cash?
Like that guy seems more sophisticated to be able to do this.
Uh, why is it not a group?
Why is it not the FBI?
Like the case against him, isn't, he can't be, it's more of why him.
There's so many other more likely people.
And again, the biggest case against him is he was really young and, um, that he, uh, he kind of trolls and jokes around with this and he's also very opinionated about other things.
Um, so like he's very opinionated about like Russia and Ukraine, like a bunch of shit like that.
And so people don't like him in general.
He's not a very well liked figure.
So it kind of doesn't jive with the Bitcoin community that this is our fearless leader.
It's like, wait, we kind of think this guy's kind of a prick.
Because Satoshi kind of has this, uh, stoic mentality, this, um, writing that is like us versus the world, like a very much like visionary attitude.
And you're describing someone that may not have like, uh, George Washington vibes.
You know, well look, the funniest tweet I saw on this cause I was trying to see the community's reaction, the funniest tweet that I think is underratedly how people will feel about this.
The guy goes, Peter Todd, this, it goes Peter Todd.
That's the most average ass name I've ever heard.
This guy, this guy looks like the most average ass guy I've ever seen.
I'm looking at him.
He does like disappointed.
Like if that was Satoshi, I would be disappointed, right?
Like, Oh, it's just this guy.
This is this white dude who like, you know, it has all these like other opinions that I kind of disagree with.
Like that kind of the veneer of Satoshi goes away.
So whereas if you Google how Finney, he, he looks like a person that just studies all day.
Yeah. How was his beloved guy?
And then he dies tragically.
And it's sort of like, he, he went down with the ship, the captain went down with the ship, he never revealed.
And the other thing about how is he cryogenically froze his head.
And so like if a thousand years from now, cryonics are a thing and you can unfreeze there, like he's got the private key in his head and he'll come out as Satoshi.
It's like, whatever.
So it's kind of like that has that sort of aura.
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Now, let me give you the evidence.
Why does this documentary guy claim that it's Peter Todd?
Okay. So the evidence is basically this back right when that thing happened.
Remember, I said there was a post the WikiLeaks things happen and he disappeared.
Everybody thinks that it's because of the WikiLeaks thing that he got paranoid and he decided to bounce.
There was one other thing that happened after that post, that first post that was not to do with WikiLeaks at all.
That thing that happened was Satoshi posted about how the transaction like mechanism works.
And then the first reply underneath an hour and a half later is from Peter Todd, but it looks like a continuation of the thought.
So he says in the original post, he says, you know, the inputs and the outputs would match.
And then he and then the Peter Todd reply comes in and it just says to be specific, the inputs and the outputs wouldn't exactly match.
It would be whatever.
Now, some people would say that's just a snarky internet forum, like kind of rude comment, like you didn't even there's no formality.
There's no, like, there's no, there's no understanding.
You just like immediately trying to like correct something from somebody's post.
That happens all the time of the other.
Another lens you can look at that same thing is Satoshi writes this thing comes back to clarify, forgets to switch back to his alt account.
And that post has been up there and it's been left up there for a very long time.
So the guy, the documentary guy is reading that.
He's like, dude, are we dumb?
Have we missed this?
Doesn't this look like it's a continuation of the thought?
It's a clarification of the thought.
And for this guy who claims to have not been interested in Bitcoin until years later and claims to be have been busy in school for him to come in at one 30 in the morning and make a super specific clarification as to how the Bitcoin and mechanism works.
That doesn't really line up with this guy who wasn't interested and didn't follow it and was just a kid at the time.
By the way, this is how they caught Ross Albrick, the creator of Silk Road.
He just, he posted on a forum where he logged into the wrong username or he left his email like it was like a clerical error.
By the way, this is how they got Timothy McVay from Oklahoma City bombing.
He, uh, one of his tail lights was out like, there's like lots of examples of big shot criminals being busted over minor things of this.
And, you know, this is in the right now on Twitter, people are saying, you think Satoshi who's been like flawless with his op sec is security of how he did this.
You think he would just stupidly log into the wrong account and leave the message there.
And it's like, yeah, actually that happened all the time.
That's actually a pretty common pattern.
In fact, if I said, what's the most likely way we find them, it's either that or like, you know, maybe the email he registered his Satoshi email with gets leaked some other way.
And it's like, if it's a stereotype of like, when you think of like the brilliant scientists, you think of Albert Einstein with like mismatch socks.
Uh, you know what I mean?
Like this is like the internet equivalent of that.
So that's the first piece.
Then, um, then there's like some other, there's like a few secondary things.
So there's like the language, like he writes like color with OUR, he writes like in the Canadian English spelling.
This guy was going to school in Toronto at the time, but a lot of people like, you know, is this guy brilliant as Satoshi?
You know, is he, he was so young at the time.
Is this even possible?
And then they go find a message from him on the, uh, on the cryptography forums before Bitcoin ever came out eight years prior to when Bitcoin came out.
So how old was he at that point?
He's 15 or 16 years old at the time.
And he writes, he's, he's hanging out in this, you know, cypherpunk, you know, community.
And he's, um, he basically says on the forum and he's like, he's like, yeah, hash cash, blah, blah, blah.
He had that. And then he's talking about the mechanism.
He's like, it would have to be something more than proof of work, blah, blah, blah, effing double spend problem.
And that's like the, like the snippet from this email chain that he, that he's posted back then, which is like, okay.
So you're 15, 16 years old.
You're obviously brilliant and not just like, you know, some random programmer kid.
And you're thinking and noodling about this problem eight years prior.
His mom taught him about cryptography.
His dad was an economist.
So it's like the two skills you would need to be Satoshi is like you would need the brilliance on the encryption and cryptography side.
And you would need the ethos and the sort of ideology on, um, you know, creating, you know, what is a currency anyways?
What is money? What is hard money and how does it, how does the world economics work?
Um, that's his, this, this kid's background.
So on top of that, how does he now, by the way, mid to late thirties is his age now and he works for block stream and he's like very close to that guy, Adam back.
And Adam would have been the, you know, the people that he would collaborate with after, after creating this.
Now the most damning thing is, so he, the documentary confronts him on like live.
And by the way, imagine being 39 and having this documentary come out about you, uh, like accusing you of being the richest person in the world, accusing you of inventing this amazing thing.
Like there's one part of there's one side of you that's like, Oh man, I want all the credit.
I want all, I want all of this.
The other part, but then you're like, well, if I'm not it, but should I say, I'm it should I be there's also a very irresponsible part of this.
Let's say this documentary is wrong.
I mean, you just painted it.
You just ruined a guy's life.
Basically. Like, uh, if people believe that you're Satoshi, your life immediately is in danger.
People think that you're one of the wealthiest people on earth.
Every age, government agency, every government, you know, uh, wants to, to sort of take you to the back room and talk to you and, and, and sometimes worse.
Right? So like, if he is Satoshi, I think it's a very bad thing for him.
I almost feel bad bringing it up.
But I think we, you know, we got to talk about, you know, I needed to hear your reaction to this, um, and obviously it's out.
I'm not the one, you know, putting this out there.
It's out now. So just watch this video and tell me what you think.
All right. So you reach out to your old buddy, Adam back.
You say we need to do something about this, but we need to pay the devs, but you can't join Washington cause it would look too suspicious.
Okay. So I just watched this clip.
First of all, this is definitely a editorial, like, you know, very opinionated versus factual.
This guy, so, so basically it's a tall, nerdy guy with his hands in his pockets and he's doing exactly what I am accused of doing all the time when I'm nervous, which is I rock back and forth.
Fidget eyes, shifty eyes.
Look at immediately.
Look at the friend who you're in on it with who, by the way, that guy, Adam in the back, who's his friend, um, who w who's the other kind of like co collaborator on this thing, silent the entire time, like frozen.
Because, because the director sort of sprung this, they didn't come out here to talk about that, right?
They're, they're doing this walk through this like ruins area or whatever, supposed to talk about whatever.
And the director sort of does a gotcha moment and this is their reaction.
Dude. All right. So he's got his hands in his pocket and he's rocking back and forth.
I had to, um, officiate a wedding last week and Sarah was like, I could tell you're a nervous, no one else knew you're nervous.
I knew you're nervous.
And I was like, how, she goes, you're rocking back, back and forth.
You kept, you kept doing that thing where you rock back and forth, and I do it all the time.
This guy's doing that exact same thing.
He's very clearly uncomfortable and he's got a very awkward smile.
Uh, this is, this is, it's a, yeah, he didn't respond well, but you can also say, like, you could just chalk that up to every Bitcoiner.
Yeah. They can't make eye contact.
Like that's why they're amazing.
Like you can't be this and also have good eye contact.
You can't, you can have both.
Uh, so what do you think is, did he, is this the guy?
So I don't know if this is the guy or not, but it is probably the mo it's one of the most compelling things.
And it's, it's funny.
It's being so discredited by the community.
So either I'm missing something, uh, which is entirely possible.
Or it's sort of wishful thinking.
Cause like it's much better if he's not a Satoshi and, uh, and I don't think the evidence is super, super strong, but it's a very compelling theory.
That's kind of where I've landed.
It's a compelling theory.
This guy who clearly at 15 or 16 was brilliant and thinking specifically about the double spend problem.
And then talks and then comes out and then has this, this forum post, which is.
The timing is very interesting about right when it happens, the way it's written, and then the guy disappears.
And then by the way, this guy also disappeared for two years after that in the Bitcoin forum doesn't participate.
And he's like, Oh, I was busy.
I was a student, but well, I should have been more interested in Bitcoin.
I just wasn't. And then when he comes back, he actually does this thing called replaced by fee, which is basically this mechanism where you could pay a little extra to get your transaction done faster.
And actually it's like one of the useful patches to Bitcoin.
So he comes back and contributes this useful patch to the Bitcoin code afterwards.
And in this thing, he's like, his nervous answer is basically like, what?
Me? Oh yeah. Yeah. I'm totally Satoshi.
I mean, that's crazy.
Why are you saying that?
You know, you're going to look really stupid if you release this.
And it's like, those are things I do when I'm trapped in the lie.
Maybe I'm projecting here.
And you alluded to something about the name Satoshi Nakamoto.
Is that, did he imply something earlier in his career before Satoshi existed that he liked that name or was tied to that name?
There was no, no, there's no evidence on that.
The evidence was basically the combination of evidence was that forum posts, the timing of both of their disappearances.
It's him, you know, when he's 15, 16 years old on the forums, it's his kind of like punctuates where it's like the two spaces after the period, the OUR, things that a lot of people do, but they all, they don't, they do fit with this guy.
Did Hal Finney write like Satoshi?
No. They've looked at like Hal Finney's code and then Satoshi's code, but then, you know, there's an answer for everything.
Oh, he's so brilliant.
He knew to modify the code into a different style, right?
There's an answer for everything.
It's a, like all conspiracies, it's sort of what you choose to believe or what you choose to not believe.
That's pretty hard.
Like I actually think that, that, that, like I, because when I used to actually write in fake names, like fake blog posts all the time and I remember trying to change how I was writing and I remember doing that and thinking, this is really challenging.
Everyone's going to know this is me.
Uh, I used to write fake blog posts.
Like I had like pseudonyms that I would just like fill my blog with.
Uh, and so that's like a pretty compelling actually piece of evidence if you ask me.
Yeah, like I want to be super clear.
I don't know the answer.
I'm not saying I believe this, or I don't believe this.
I'm saying this is the most interesting theory on the most interesting new theory on Satoshi, right?
So there's been over the years, there's been many theories, including the time when like, I forgot like the New Yorker and your post or something like chase down that random Asian guy and was like, it's him Dorian Nakamoto.
This is the guy. And he's like, what?
He's like, didn't know where he was.
And basically like, had his life ruined for like 48 hours.
Um, you know, there's, uh, there's been many theories over the years.
This might be just another hair brain theory, but I would say it's the most interesting one in a few years.
To me. And as somebody who I'm just fascinated by the story, I badly want to know, but I also, I understand that it would be much better to never know, uh, for all of us, uh, to never know and for whoever it is, you know, like, I think they.
Had a great contribution to the world.
And you know, their wish was to be anonymous.
I think that should be, uh, you know, respected.
And I think whoever is Satoshi is an extreme danger once they, once it does get outed, if it ever does get outed.
In terms of like the Olympics or the Hall of Fame of stories, like JFK is like up in there, the JFK assassination, who did it?
And I think actually this story is on par with that.
Do you know what I mean?
Yeah, exactly. Like the most, you use the word intoxicating.
It's like these rabbit holes that like, just kind of make you wonder and you can't, you keep going back to them, you know, aliens, they have certain assassinations and then there's, there's, there's this one.
This like, it kind of keeps me up at night, to be honest, and I don't even give a shit about Bitcoin, but I think that it's just like, I think that what it's rooted in, um, potentially how one person, um, had such an impact and was so brilliant.
I think that if you read, uh, American Kingpin about Ross Ulbrick, Ross had the same exact style where it was very romantic.
It was very, uh, I want to get behind you.
Like it's us versus the world.
Like we are, we are on a path to greatness.
Like this whole, that whole concept was Ross had the exact same thing.
And even though he did a lot of really bad stuff, you kind of want to get behind it because you're like, yeah, that's like, that's just the price that we pay to be James Bond.
Like we kill bad guys.
Uh, and so like the, except Ross might've been a bad guy.
He might've been the bad guy in this case.
Well, he was like, like he did a lot of, I think that like, you could do good things and bad things.
Uh, but I think he actually did.
I think that he should be in jail for a long period of time because he tried to kill a bunch of people.
Breaking bad where you're rooting for Walton, even though you're like, wait, I think this guy is now a drug kingpin who's killing people, but, uh, yeah.
Or Tony Soprano. This guy.
I was like, it's like Tony Soprano.
Like you want to like Tony, but then you're like, dude, you suck.
Like you're a bad husband and you kill people like that.
Like just cause you're funny.
Doesn't mean I should link your own amazing person.
Like can I, can I make a one minute Bitcoin case right now?
Are you back? I mean, where am I back?
I've been here. No, you haven't been here.
You, you, you haven't been here.
Your interest has ebbed and flowed from the topic.
Well, my interest at the focus is there's no new information, right?
Like, uh, like the conviction has an ebbed and flows is like how much new information is there to pay attention to it's in the same way.
But like, I'm not like, Oh my God, the internet is amazing.
It's like, yeah, I kind of know the internet's amazing.
I made that decision a long time ago and I just use it.
So, you know, like I just, I'm in, I'm I've been in, I've been right.
Like versus when it first came out, it's like every new thing is, is new.
It wasn't very excited.
It was a very exciting period, but yeah, what's your one minute?
I mean, the one minute is this from the beginning with Bitcoin.
There's always been these like the big risk, the big question marks.
So once you, once you sort of accept that there's merit to having a hard currency, meaning having a currency that doesn't get inflated.
The way I look at it as Bitcoin's a savings technology.
So people use people think Bitcoin's going to make them rich.
Actually the true purpose of Bitcoin is a store value meaning it's meant to keep you rich.
So I don't know if you've ever seen the charts of like, you know, Your money, if your great -grandparent or whatever, a hundred years ago had left you a million dollar fortune, it would be worth, you know, only 3 % of what they left.
Right. It'd be worth 30 grand today.
And so just in a hundred years, a hundred years in the United States, at the targeted inflation or the actual inflation, your money is going to be cut in half sort of every 30 years.
Yeah. If you left it in cash.
Correct, correct. Yeah.
The currency itself, I'm saying, like you just said, I feel safer just with with the good old US dollar in the bank account.
It's a bowl of ice cream.
That's melting by design.
Yeah, because on average, roughly 3 % a year, it gets devalued.
So and that's not a conspiracy theory.
That is. The target inflation is two or three percent.
Sometimes it's higher like it's been.
But like the goal for them is to inflate it two or three percent a year, which means by design, two or three percent a year means that in 30 years you're going to have whatever half of what you understood.
So one generation. Okay.
So if you want to believe that there's merit to just like, well, I'd rather save, it's like I'd rather have a phone whose battery doesn't drain.
I'd rather save my money in a currency that is not designed to inflate.
And you might say, well, there's still a leap of faith, which is, will this be a thing?
Currency only matters if a bunch of people believe in it.
Whatever. That's that's the only question.
Is Bitcoin even a currency?
Of course. I mean, is the definition of a currency liquidity?
Is it or not liquidity, the ability to like a lot of people spending it?
A better way of saying it is it's money.
So it's a money asset.
So it's a form of money.
And so more money has three jobs, store value, number one.
Meaning I have to believe that if I go out and I work hard every day and I get paid in this thing, that this thing is going to be valuable tomorrow or the next day.
Yeah, requires a collective buy in.
Correct. And that's the first stage.
Then after after it's already accepted by many people as valuable, like the way gold is accepted by many people is valuable, then it can be used as a medium of exchange.
Meaning then I'm willing to trade it back and forth with people because I know they believe it's valuable.
I believe it's valuable.
They're going to believe it's going to be valuable.
They know that the next guy they want to spend with is going to be valuable.
So once we all buy into it's valuable, then it's usable after that as a medium of exchange.
That part hasn't happened yet.
And then the final stage is once we're all using it as a medium of exchange, we price things in it.
That's called the unit of account.
So those are the three phases of something becoming a true, useful currency.
Today Bitcoin is like it's basically it's completing stage one where at this point the whole world agrees that it's valuable or the bulk of the world and the majority has flipped to believe that Bitcoin is valuable.
OK, you could see that in the price, sixty thousand dollars.
You could see that in who owns it, individuals, wealthy folks.
How many human beings own one Bitcoin or own some Bitcoin?
I don't know the number of like active wallets now.
And the hard part is one person can have multiple wallets, but it's like over 100 million for sure.
It's like in the hundreds of millions.
OK, well then I think it's a stretch to say that one of the systems it's a stretch to say everyone agrees that it's what I mean is obviously not everybody.
So not eight billion people on Earth own this.
Eight billion people also don't own dollars.
Right. That's not that's also not the case.
But for hundreds of millions of people to have active like have wallets with value in them is OK.
Big that's I mean, that's a humongous number.
So anyways, that's how the currency works.
So the case for Bitcoin right now is over time, there's always been two big risks.
So the first risk is the government's just going to shut this down.
Right. The smart guy case was, look, you might be right that this is better than gold.
You might be right that it's more secure than gold.
It's easier to transport than gold, that it's it's the more programmable money.
Like I get all that.
But look, the government's not going to go down without a fight.
Their biggest stranglehold on power is that they own the guns and the money.
You can't take one of their two big powers away.
Right. You might they'll still have the guns, but if they lose their ability to control the money supply, no government's going to allow that.
And for a while, it looked like that.
China tried to ban it.
India tried to ban it.
But Bitcoin was pretty resilient.
And now you have in this election, for example, both of the candidates are pro crypto.
Donald Trump is very pro crypto and Kamala is now realize she it is now political.
It is crazy, which is insane.
It's a great it's crazy.
They're both on the circuit.
That's why all the right I talk to you at the Bitcoin conference.
Kamala stopped saying she's going to kill crypto.
Well, dude, I talked to our we have a mutual friend who owns a crypto related media business.
And he was like, all these politicians want to talk to me now.
It's insane because they want to speak at our events.
They want to do all this stuff.
They need us now. They want to participate.
They want to be part of the conversation.
And that's insane to me.
I mean, in a good way, I think.
But that's like while that these people want that.
I mean, Trump has literally said in very Trump fashion, maybe, maybe we'll maybe we'll do bitcoins and that'll pay the debt, right?
He's like, maybe we'll just buy some bitcoins and that'll pay everything off.
Like a kind of that, which, by the way, honestly, if the US government quietly accumulated a stockpile and then put their faith in it after that, if they basically like they would be able to pump and dump pump and dump basically Bitcoin themselves or at least pump, even if they never wanted to dump,
meaning it would be a very well, very easy way for a legitimate country to get very wealthy by by using its institutional power in the world to validate Bitcoin after they've created a stash anyways.
But besides all that, the point is the government is now pro crypto.
They've now realized it is political suicide to be anti crypto because there's too many Americans who have wealth.
It's like 40 million Americans were actively on the like the petitions and all that shit to say, like it's like it's like a voter block.
Right. And if you say we're going to either block this or ban this or confiscate this, that means something to too many Americans.
So now you can't politically be in a we're going to shut down or kill crypto, but Bitcoin specifically.
And so that's that's a huge thing that changed from like five, eight years ago.
And I feel like nobody's really giving that nobody's pricing that in properly.
Nobody's giving that enough credit.
That like one of the biggest risks that the US government is never going to go for this.
And now they're pro crypto.
That's that's crazy.
The second thing is, you know, there's all these clips of Jamie Diamond and BlackRock and all these people just shitting on Bitcoin and calling it, you know, the dumbest thing, your idiots.
If you want to go lose your money, go do this.
And now they're the biggest custodians and the biggest salesman of Bitcoin.
Dude, aren't they so full of shit, man?
Like it's just funny how I guess I mean, everyone deserves the right to change their opinion once they gather new information.
But the consequences are very big.
So here's the consequences of that.
Right. Like a week ago, BlackRock released this presentation that they're giving about why Bitcoin is better than gold.
And it's literally the same slides that they're like crypto anarchists were using 10 years ago.
It's like, here's Bitcoin compared to gold, gold.
You can't you can't carry it easily.
You can't easily divide it.
Gold's not actually that scarce.
We can always find more.
Bitcoin is actually a fixed supply.
And so, like all of the old the old arguments.
They're now on a road show to wealthy people and to financial advisors.
So they're basically training financial advisors and their clients that a healthy portfolio has one to five percent Bitcoin in it.
And they're showing all these Monte Carlo simulations that like, hey, and if no matter how we run this over the last 10 years, like some Bitcoin allocation, no matter when you entered, whether it was peak or trough, whatever, has outperformed like the 80 20 stock bond portfolio mix and all these other
things. So they're recommending it as now like the smart move, the wise move to do.
And so they're on a road show because they make a bunch of money.
Is there incentivized to do this because they make a bunch of money, right?
It's the fastest growing ETF product in the world.
Is Bitcoin. I think the Bitcoin ETFs are now like some insane number like why and why do you need a Bitcoin ETF?
So the Bitcoin ETF is one of the other big counterpoints was this is too complicated.
My mom, my dad is never going to go download a wallet off this thing and figure out their private key and they're going to be afraid to lose it.
OK, Coinbase, that's easier, but like they don't open up new accounts.
They just invest out of their 401k or whatever.
So the reason an ETF matters is now everybody who's got an account with whoever it is, Morgan Stanley or Fidelity or nationwide.
It is so funny. I just Googled crypto ETF or Bitcoin ETF and there's a website for Fidelity.
It just says it's it's it's an ad that Fidelity is running to get me to click on.
And it's about their crypto fund on a Fidelity website.
It's going to start to look like life insurance.
So funny. It's going to look like a loving family, like hugging and embracing.
They're like, our future is like shit like that.
This is like Wal -Mart buying the Supreme brand like, dude, come on.
This is lame. Everybody is incentivized to do it.
Meaning the president's like, yo, if we're pro crypto, we unlock crypto donation dollars and this voting block.
So they're like, all right, politically, we're now incentivized to do this.
BlackRock's like, yo, how much money can be made with this?
Right. There's 60. The ETF has had like 61 billion dollars put into management.
Like in the last. You know, it's illegal for like six months.
It's pretty lame, though, right?
They get a one percent fee of doing it.
Then they sell this as a product, as an upsell to people.
Now, anybody in their retirement accounts and their stock trader accounts can push one button and own Bitcoin without ever having to deal with custodian issues or the private keys or your wallet or losing your hard drive or any of that shit.
And so, yes, it's lame because it's not cool anymore.
Meaning it's not cool and edgy and alt.
But the whole point was like it goes to this adoption phase.
Right. And that's going more mainstream.
So I think what's my point is I cannot believe as somebody who's been watching this thing for like probably at this point, literally 10 or 11 years, that now like it was unfathomable 10 years ago to be like not only will Bitcoin be 60 thousand dollars a coin, that would have already blown my mind 10
years ago. But on top of that, the presidents are going to be using this in their campaign.
They're going to say this is a good idea.
They're going to talk about, you know, having a little bit of on the nation's balance sheet.
Corporations are going to own this thing.
Blackrock and Larry Fink and Jamie Dimon, that's going to be their hero product.
It's their hero skew now.
And then you're just going to click a button and buy it as a ETF.
Like all of that is unbelievable to me.
And I feel like people all really have not grasped how once you do that, you can't unwind it.
So once everybody owns it in their ETFs or their retirement accounts, what are they going to do?
You can't it's too embedded in the system at that point.
You can't like you can't rip it out.
Its tentacles are too deep.
So here's the deal.
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It was called The Hustle.
And it's a daily newsletter at scale to millions of subscribers.
And it was the greatest business on earth.
The problem with it was that I had close to 40 employees and only three of them were actually doing any writing.
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And honestly, it was a huge pain in the butt.
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Dude, listen to this.
So I this is kind of like indicative of where Bitcoin was going.
It's kind of silly.
I just said, listen, I've mentioned I moved to a small town outside of New York City in Connecticut, and my town is very much what you would picture of Connecticut.
Like the other day, I went to like this fancy Ralph Lauren store and they're like, where do you live?
And they're like, and I was like, I live where these clothes were designed to be worn, like where there's like literally polo fields like my head, like in my hood.
And there's a rowing club next to my house.
Like you're on the, I guess it's a river and you're like rowing like crew, which growing up in Missouri, that's like the richest kid, like yuppie bullshit ever.
But I was interested in it.
And I go to this rowing club to like see if I could like sign up for lessons.
And I see a Bitcoin book in the lobby of a row club.
So a row club is basically just imagine a gym, but instead of like just weights, there's like areas to row, whatever.
And I see a Bitcoin book.
And I was like, wait, what the hell?
Why is this Bitcoin book here?
And then I start walking around and I see a case full of trophies of high school people who have graduated from this row club, but did well in high school and won championships, whatever.
And there's a picture of these two guys who are 18 and they're huge strapping looking dudes.
And I'm like, you've got to be kidding me.
Who why do you have a picture of the Winklevoss twins here?
And they go, oh, their father owns this place.
And when they were young and they were into rowing, he built this row club so they could kind of have a place to go to.
And I was like, that's why you have the Bitcoin book.
They go, yeah, they like I don't remember if they wrote the book or if it was written about them and you know, the father's proud.
So he just has like their book in the lobby.
And I was like, that is so funny.
And so this row club is founded by the Winklevoss father, Wink whatever.
And it's like, doesn't it seem like they would totally call their dad father?
Oh, yeah, yeah, for sure.
I'm going to demand that my kids call me father because I feel like that's just already like 25 prestige points in life.
Dude, I tell my little daughter whenever we FaceTime grandma, I go, that's your grandmother.
Yeah, that's wild. That's so funny.
You live the most preppy life now.
Yeah, you know what?
Embrace it. It's kind of fun, if I'm being honest.
It's kind of fun. So I enjoy it.
But, dude, this Bitcoin stuff, I I've I wouldn't say I'm I'm not exactly a hater of it, but I love like poking holes in it because I think that's just a fun position to have with this whole conversation.
But for this podcast, I want it to be back.
I had so much fun hearing these stories.
I think it's like the stories in the drama regarding this whole community and this thing is so cool, like all time great.
Like just some dork invented this shit.
Some nerd called a cyberpunk invented this thing.
And now Fidelity is like, you know, however many tens of thousands of employees and like the most amount of money in the world is all like rallying around this.
I think that is such an exciting story.
There's yet to be a great movie around this.
And I think it's too hard of a story to tell.
There needs to be like only a couple of storylines for this movie.
But I'm really excited for something like that.
And frankly, I want to go and read more books on the topic because every book I've read about Bitcoin has been thrilling.
Yeah, yeah. Well, it depends if you want the thriller or you want the theory.
Right. There's like, no, no, I don't I don't want that.
No, I just like tell me about somebody like died or just sex, death and war.
Like, you know, like rebels rebels doing shit.
That's what I want.
OK. Fair enough. Then you might like this documentary.
I don't know. Well, it's actually the best.
The best one of that is there's a documentary about this business business called Quadriga.
Did you ever watch this one?
No. What's that? It's the best murder mystery.
Crazy like just insane batshit crazy scammy like movie about crypto.
Oh, is this the guy who died?
Trust no one. The guy who died in India.
And they're like, dude, do you fake your death?
And like the Indian doctor, we already talked about it.
The Indian doctor fake the autopsy.
Well, they don't know.
That's a that's a theory.
Right. So, yeah, it's called Trust No One the hunt for the crypto king.
That's probably the most like thriller version of a crypto movie that I've seen.
Dude, I just watched this one about these kids from Long Island who like moved to Miami and they came up with like some ICO scam and they document this guy as he's telling his story.
But coincidentally, he's also still on trial.
So you could see him like going through trial and then eventually getting acquitted.
And. We talked about this particular guy.
We're like he was posting pictures of his like his abs and his Ferrari on his Instagram and we're like, dude, if you have abs and perfect teeth and you're also in the crypto community, you can't be trusted.
And like Floyd made weather and about these guys like back to his shit.
And we're like, this is this is a complete scam.
But he still walked away with potentially tens of millions of dollars and got away with it.
He didn't go to prison.
And so did you see that one?
I didn't see that one.
No, the kind of the ICO, you know, kids with Lambos version of it.
I just hate them so much that it's such a turnoff.
I can't I can't bring such a turnoff.
But when it's like this kind of ideological rebel person who, you know, like more like more selfless.
Like, I need kind of like a maybe evil, maybe genius.
It's hard to say. It's just misunderstood.
Or actually, is he just playing all of us?
Like, that's really kind of the sweet spot for me with the crypto crime stuff.
Like crypto can basically have its own true crime like index.
Right. Because there's been so many, so many issues.
I don't like the like 18 year old like Tik Tok, TikTok and if.
Yeah. Because that's just a straight scam.
And that story is so easy art to that.
Yeah. There's no. Yeah, there's no big free thing is so interesting because not only is he like an enigma and like it's like he looks the part, but then he doesn't.
And then he did something crazy.
But it's unclear why he did it because he actually had a business that would have made him a billionaire many times over.
That was like the scam with FTX wasn't that the demand and the customers were fake.
The demand and the customers were real.
It's just that he took the customer money and gambled on it.
You know, used it for crazy donations to build power and to put in his hedge fund to like run up the run up the balance on that side.
It was just unnecessary risk.
And so the fascinating thing about that one is like why?
Why did this guy even do that?
He didn't need to do that.
He won. He had the real win and he snatched defeat from the jaws of victory in that case.
How about if I told you three years ago when SPF was still we still thought he was legit that him and Diddy are in prison together like is that the craziest turn of events?
It's really insane.
Like Diddy and SPF are like.
Have ever told the SPF an FTX story of a milk road?
What happened? How they advertised with you and they were late to pay?
No, no, no, they weren't late to pay.
They we used to do something called Deep Dive, which is basically like if one of the like sort of ad products was if you pay us a ton of money, we will do a report on you.
But the catch was we're going to do the report.
We actually want to do like you don't get to say what we say in the report.
And with FTX is like a no brainer.
They're like the richest player.
And there's a bunch of good things to say.
So it seemed like it was going to be a win win.
And so they they do that.
They pay us a bunch of money or they told us they're going to pay us a bunch of money and then we go write the report in it in the report.
You know, I'm trying to this.
Well, I think I was writing it myself or me and Ben were writing.
I don't remember exactly what the case was, but I was involved with it.
And I remember we were thinking about, okay, like what's the devil's advocate?
Like what doesn't smell right about this, because you have to have the counterpoint and not even just a rip on them, but having a counterpoint makes acknowledging the counterpoint honestly makes the point stronger.
So even if we were trying to say like a positive thing, which was that they were super fast growing and they had this really like, you know, aggressive marketing strategy that was working, like all that shit, we're like, what's the counterpoint and the counterpoint was like the guy we had met, who was like
the chief security officer, he was like 24 years old or not security a chief strategy officer who's 24 years old.
And we're like, wow, that's so impressive.
Like, how did this kid become like chief strategy officer of this?
Like at that time, it's like a $20 billion company.
Uh, yeah, exactly. The story's going.
And so we were, we were like, yeah, actually like a lot of the, like execs are kind of like young, just like the friends, but okay.
Facebook looked that way too early on.
You know, okay. Interesting.
Maybe a good thing, maybe a bad thing.
And then we're like, yeah, it's unclear, the like connection between alameda.
They're like hedge fund and FTX.
And so we wrote that in there.
We're like, one thing that's not clear is like, what is the relationship between these two parties?
And where is there, is there a firewall and there's some speculation that like.
You know, it wasn't that alameda was just like the FX was just siphoning the money and giving it to alameda and then alameda was gambling and losing it.
It was that alameda had, you know, like insider info and they were front running.
That's kind of what people thought.
So we wrote that in there.
Like, Hey, we need you to take that out.
We're like, no, we're not going to take that out.
And they're like, uh, okay, then just a hold on this.
And we're like, cool, but you paid us already.
So do you want to ever run this?
And then they just never replied again.
We were like, okay, I think they paid us like half of the amount.
Was it a large sum?
I mean, I don't know what it was.
Not that, not that large.
I like in the grand scheme and things not that large, but like at the time for us, we were starting up, it was like, you know, great to have revenue.
And so that was awesome.
And so I remember them just being like checking in every few months like, Hey, do you what, like, are you ready for us to release this yet or no?
And they're like, no.
I'm like, okay. Didn't think too much of it, moved on with our life.
And then sure enough that, Hey, this connection is sort of unclear and, you know, there's some potential issues that turned out to be like, it's like, Oh, no, that's stage four that turned out to be a very, very, very big problem.
Actually. And is SPF like in prison?
How's he holding up?
Is he still eating just peanut butter?
I met his whole thing.
Like he only consumed peanut butter in prison because he's a vegan.
25 years. But I do think there was, like, there was, I think he sent us in 25 years, but I don't, I don't think he's going to serve that whole time.
I don't know how that the whole system works.
Well, no, if you, if you get for federal crimes, um, you know, a lot of like, uh, the, a lot of people say like, Oh, you got sentence 20.
You don't, like, you're gonna do 10.
Well, for federal crimes, I think the max amount it can ever get reduced is 10 or 15%, maybe 10%.
So if you get sentenced to 20, you're just serving 18, something like that.
It's like a fucking huge deal.
Like, like, uh, yeah, this is not like, uh, and I think the prison he's at is like, uh, it's, it's, it's big boy prison.
Like this is not, uh, like particularly a fun thing.
Uh, right. Like there's this like idea of like a white color.
I talked to, uh, I know a guy or a guy whose uncle got sentenced to a white color crime and he served 18 years.
And he was like, uh, he told, he told me he would visit his uncle and he was like, yeah, I mean, it was when you say the word white collar crime, you kind of think like it's cushy and like, it was kind of that, but like it's prison, like that's in bad stuff to happen.
And like you're confined all the time.
Like it's, it's, it's really bad.
And I don't think SPF is, is in that type of like prison.
Anyway, he's in like a real prison, like a prison where adult for that.
Do you, have you ever watched this show at the night of?
No, what's up? Oh dude.
Amazing show. I think it's on Showtime or HBO.
Uh, the night of it's, it's an awesome show.
And one of the things that I really liked about it is they showed almost like they showed the actual legal system at work and it's almost like painful to watch the whole legal and prison system as the story plays out, but they don't fast forward.
The way a lot of movies and shows do is they kind of fast forward.
It's like, there's the crime.
And then there's like the courtroom where it's like one lawyer is giving one dramatic speech and the other lawyers giving another drag speech.
Whereas this one, it actually shows like the real deal, holy field of, of, well, we have the, uh, the first, first hearing.
Okay. The appeal is going to be in three months and he's back to jail for three months and he's waiting, waiting, waiting, and just going through it.
And it's just extremely well -made, an awesome show to watch.
It takes forever. This stuff takes forever, which like kind of boggles my mind a little bit about why.
And then, and then you could push things for a long time.
So you remember Elizabeth Holmes when she got in trouble, I think it was like many years after the actual stuff went down that the trial, she went on maternity leave from prison, remember?
She started having babies and she just had two babies back to back and kept pushing it off.
That's what happens when you wear Ralph Lauren and it looks like you live in Connecticut, you could take maternity leave from, uh, from prison.
I think that's what the perks.
She took advantage of that privilege.
Um, we didn't mean to make this the Bitcoin episode, but, uh, an hour has flown by.
Once you said the magic word, I was in.
So I'm happy that it, that it became that, to be honest.
All right. That's it.
That's a pop.
