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Fundamentals Blog Post
https://risk-fundamentals.ghost.io/phish-and-bitcoin-a-continuum-of-genius-network-effects-and-unintentional-foreshadowing/

Fundamentals
X: @Fundamentals21m
nostr: npub12eml5kmtrjmdt0h8shgg32gye5yqsf2jha6a70jrqt82q9d960sspky99g
Jason
nostr: npub19l2muzvelq07kfx8glfqmpf8jdcj2xp733rhjfc05t2g2mt9krjqrae40w

Walterooski's YT Channel
https://youtube.com/@walterooski?si=qy99MTNDbzxWK3dG

Tone Tailors
https://tonetailors.com/

In this episode, we dive into the fascinating intersection of music and Bitcoin, exploring how being a fan of Phish and a Bitcoiner can be a thrilling experience. We start with a personal story about visiting a special music store, Tone Tailors, known for its exceptional guitar setups and its connection to Phish's Trey Anastasio. This leads to a broader discussion about the unique culture of Phish fans and the parallels with Bitcoin enthusiasts.

We explore the idea that both Phish and Bitcoin thrive on their dedicated communities, with Phish channeling fan energy into their music and Bitcoin relying on user adoption to exist. The conversation touches on the challenges of explaining the value of both Phish and Bitcoin to newcomers, highlighting the deep connection fans feel once they "get it."

We also discuss the concept of value for value in the context of content creation, using platforms like zap.stream and fountain to support creators directly with Bitcoin. This model aligns with the ethos of Phish, who have always valued their fanbase and the organic growth of their community.

The episode delves into the economic realities of attending Phish concerts in today's inflationary environment, reflecting on how the rising cost of tickets impacts fans. We discuss the broader implications of inflation and the debasement of currency, drawing parallels to the themes in Phish's music.

Finally, we touch on the philosophical and mathematical connections between Bitcoin and Phish, exploring the idea of Bitcoin as "element zero" and its potential to solve fundamental economic problems. This episode is a deep dive into the cultural and economic intersections of two seemingly disparate worlds, offering listeners a unique perspective on both.

[00:00:14] Unknown:

We are,   we're up.   We're up. We had a pretty long sound check just now.  

[00:00:19] Unknown:

What's going on, Jason? How are you doing? What's up? What's up, fundamentals? I'm good. How are you?  

[00:00:23] Unknown:

Pretty good, dude. Pretty good.   It's pretty exciting   time to be a Phish fan   and a and a Bitcoiner,   both of those things. You know what I mean? And,   you know,   I   was,   I was in a music store today. I was in a very special music store today.   I went to go take my,   my tailor to be,   just to get the tune up. Probably   probably I probably do this once every, like, two years where I just have,   a professional   do a tune up.  

[00:01:03] Unknown:

Mhmm.  

[00:01:05] Unknown:

This store was where I bought it,   and I could tell you that this is not a guitar or podcast, but, like, I played so many Martins and Taylors for years   before I bought the one I bought. And it's when I went to the store,   They were all, like, super loud and incredible, and I realized that these guys just know how to set up a guitar.   Right?   And it ends up   it ends up that these are the guys like, these were, these were the guys that built Trey's custom,   like, the custom pedal system.   You know, the one that   you see all the foot switches, but they're,   you know,   with the masking tape with the labels on them, but they're not, like,   the pedals themselves. The pedals It's on a big it's on a big board. Yeah. Yeah. So They're like remote activated. Yeah. The place is called Tone Tailors. It's out in by Lancaster,   and it's   where the ninth cube is.  

And I don't know if you ever been out there.   I used to go out there all the time   to go to the store because the store so I mean,   just going in there and playing like the Martins and the Taylors is a lot of fun, but they had I played a sore strat   that,   that was waiting.   You know, you go in, they're not even, they're they're moving right now. They're moving back to their Lancaster location,   unfortunately.   Actually, the reason they're moving is because they   they're the best kept secret   in the world   for a music store and a guitar store.   And, unfortunately,   apparently, their big client was Fish and Trey,   and   they have a new,   they're not, apparently, they're not doing,   like, they're not building their sound stage. They're not rehearsing out there anymore.  

Apparently,   Trey this is what the guy, John LeClaire,   not the hockey player. A good name. Yeah. But, he tells me that's how Trey knows him because, you know, he he's like, otherwise, he's he's like he was just like telling me, like,   I guess he goes backstage and stuff because of his, you know, because because his association with working with ours. But Trey doesn't really know me, but he knows that I'm my name is John McClaire.   Yeah. He remembers that. He remember because I was his friend on the flyers and all that.   He was saying that Trey has a his, like, his best friend who apparently is also named Trey   built a,   built a   rehearsal space out in Missouri, apparently. That's this is what he was telling me while,   while he was ringing me up.  

So it's kind of a bummer for him. Also, you know, he also looked forward to seeing, you know, sort of seeing them a couple times a year when they came   to   either rehearse or get his guitar worked on and all that stuff. And he's like, you know, whenever Trey comes, he's like the fucking mayor. This is what he was saying to you. You know, because this guy's such you know, he's so affable and Mhmm. Glad handing everybody.  

[00:04:07] Unknown:

Yep.  

[00:04:08] Unknown:

So,   it was a cool trip. Very interesting. I'd love to get him on this podcast one of these days.  

[00:04:14] Unknown:

Sure.  

[00:04:16] Unknown:

But so the the bottom line was that they're so good at then they're just so he's got such a good guitar tech, and it's a privilege to be able to have him set up give me a setup. So I try to do it once,   you   know, once in a while. So I'm actually looking forward to getting you back. It's tough to be without it for a few days, but,   you know  

[00:04:37] Unknown:

Yeah. I'm sure you have other ones, but, yeah, there's no replacement for your, for the use case.   Whatever your if it's your favorite or  

[00:04:45] Unknown:

you like to put Yeah. Oh, so the story was I went inside.   So I went in. He there was nobody there.   Right?   And so I picked up that sewer,   s u h r. If you guys don't know, that's like a it's if you're guitar nerds know, and they're like, dude, you forgot to play a SURE. Yeah. It's just like a Strat with, like, all the best parts on them. Okay. Super custom Strat with, like, all of, like, the best, most quality. And this thing is $4,000  

[00:05:12] Unknown:

guitar. Wow.  

[00:05:14] Unknown:

And I picked it up. I plugged it into a little box, and I started playing Tila.   And that's when he came back and   recognized that I was a Phish fan and started talking to me about it. You know?   So that was kinda cool. That's awesome.   I think I said something like,   what did I say?   I can't remember. We I said something like, oh, I was saying like, oh, you guys are the best kept secret. And I said, it's imposs it's like it's even harder to share with people about your store as it is to share with people about fish.   And he was like, dude, there's no way to share fish with people. It's psychotic. You can't do it.  



[00:05:57] Unknown:

You're all noobs once.  

[00:05:59] Unknown:

Yeah. He's like, I know. We're too we're too insane. You know? It was just it's   It was really funny that he'd went into that. He went into this little rant about how it out. We're just too crazy. We can't   we can't share this with people. And meanwhile, I got my other brain   thinking also, like,   you know, the Bitcoin brain is like, you know, I can't share that with people either because you're too psychotic. And it but it's like fish really, I think, you know, fish exists and put in for the psychotic fans. Yeah. It's kinda it's definitely  

[00:06:28] Unknown:

it definitely rhymes with the the level of psych   psychopathy   that that Right?  

[00:06:35] Unknown:

So this is like very similar. And we'd start, we, you know, we talked last week about the connection,   how,   you know, Phish is maybe the greatest,   maybe not, just the greatest of,   channeling your fans into your music   Mhmm. And building energy and   building a band and building a sound off really off the fans,   not in a cliche way. Like, legitimately,   you've heard all the stories, the hoes stories, the Santan you know, opening for Santana and him observing   the hoes   and flowers and all that. You've heard you know? But it's legit.   Right? I mean, Phish really has done that. And we talked last week about Bitcoin   really doing that too. Like, Bitcoin doesn't exist without its users. It just doesn't. Right.  

It would never exist. You know? Right.   It was invented by somebody, but then it it failed to exist until   people adopted it.  

[00:07:32] Unknown:

Exactly. Until until people started to realize its value the value it might it it may present.   But,  

[00:07:37] Unknown:

yeah, I think fish is solution to the its ability to solve problems.  

[00:07:42] Unknown:

Right. I mean, it was built to solve a specific problem that   I think we can agree that   if you're not familiar with the tech   beyond even holding Bitcoin,   it's one of those things that,   I don't know. You   you kinda see it. You have you have to kind of experience it because you don't really know that you don't know the problem   it's designed to solve yet.   You know? I think that's the that's the   that's what the first maybe hundred hours are required. Like, what is wait. So there's a problem? And I think everyone is experiencing it. Now now that inflation is a thing, I think it's more it's more   it's in the Overton window.  

The idea   but the idea of, like, separating it from the state and sovereignty and all that stuff, that's that's a problem that most people don't even know exists.  

[00:08:36] Unknown:

Yeah. I mean, it's hard for me to imagine people don't know that problem. And I actually do think people generally know there's a problem. What I don't think they   at all they do is say, well, Bitcoin's the solution, certainly. Right.   Right. That that leap. Right? Which and then, you know, in the fish context,   it you know, fish wasn't necessarily solving a problem or maybe they were because   when they arrived,   music   even then, if you think it's vacuous now.   Right? They arrived right in the MTV generation where it was getting very vacuous.  

[00:09:10] Unknown:

Mhmm.  

[00:09:10] Unknown:

And it's almost like they came to solve that problem. Like, he wanted,   danceable   music that was just was gonna be excellent and not based on image and not based   on some weird social justice or, you know, just straight up music.   It's a shallower problem.   Right? See, I think the problem Bitcoin solving is base it goes to the basis of being human on this earth.   Right? Which is a, what is my time worth?   What what am I worth as a human being? Right? When I'm asked for my time, what does that, you know and am I free to choose that? Am I free,   really? I mean so, like, if you're not into Bitcoin and you're listening to this, you're probably like, what the hell really are you talking about? But I think you've I think people   or I have more more accurately I mean, what the hell does that have to do with Bitcoin?  

Because I do think people understand the squeeze.   People understand that that, you know, they're not paid fairly for their time. Probably, generally, they feel that way.   There's just not enough   time to make the money to   really thrive on this earth   for most people. Most people feel that and then ask the question,   why   why would a psychopath   say Bitcoin's a solution? And I'm not saying we're gonna do that here, but I would put Mhmm. I would love for the result of this podcast to be that people just had that in the crags of their brains   Yep. And maybe brought that to another conversation that they have with maybe some other friends.  

And let's just start really start exploring that. Like, why does fundamentals   say that shit?   Mhmm. You know, that Bitcoin's the solution to that problem.   So and then I what I try to do here with Jason is   there may be   actually,   there may be references   in Fish's lyrics that was meant to look like nonsense,   like cipher like ciphertext.   Right? It was meant to look like nonsense, but maybe actually contains,   the ancient secrets to eternal joy and never ending splendor and may maybe actually   points us in the direction   that   there is a solution.  

K? Right.   Right. And, you know, it's probably a thing. Here's where I think here's something that's I think maybe interesting. Right?   Like, I think when we talk about Bitcoin as a solution, I think that the average person say, fish fan doesn't know what Bitcoin is. It's like, they have an idea what Bitcoin is, and it's not accurate. It's just like the way most people the way normies have an idea of what fish is, it's not accurate. Mhmm. And so it's very hard to explain. And so this is why I think these parallels are so great   between the two bands because you I'm sorry. Two bands.  

Between these two entities.   Yes. Right? The convergence of these two entities is something that's actually you know, it's very difficult to explain to somebody.   But, like, most people who are fish fans,   they don't even know how much work they've done and how advanced   music listeners they are. Right. Right. And   so my I had a I had a recent experience this week.   I that reminded me   of,   like, it reminded me all over again of how great of just, like, that discovery   of,   like, the discovery of fish.   I had an experience with this Twitch,   like he's like a Twitch game gamer,   influencer.  

But he   he does these music reaction videos,   and he started doing fish. And I I found myself captivated   by his his name is Walter Ruski.  

[00:13:08] Unknown:

Mhmm. Have you ever heard of him? Well, I think he mentioned him, and maybe it was the first episode we did. And I and I took a mental note, and I checked it out. I didn't know his name yet. Mhmm. It was like his name hadn't registered, but I watched,  

[00:13:23] Unknown:

what did I see him review? It might have been lawn boy.   Okay. You know, it comes to my and and so,   what after you talked about Bittersweet Motel,   some for some reason, my YouTube feed heard you mention that.   And what it fed me was this guy   doing, like, a reaction video to that movie.   So I watched it.   Guess what else? My YouTube video picked up. The man who stepped into yesterday, he did he did a video on that too. Oh, wow. Cool. I have to check out his channel. I didn't realize he's he's done that much fish.   He has now. He   no exaggeration. I think he has got, like, 50 videos   on fish. So so he's down the rabbit hole. Down but but I went to watch the first one, which was Rift.  

And he basically started with did are you aware that Drew Carey   said some really wild   After the sphere? After the sphere. I was not aware of this. It was I I I caught it the next day, and I was completely blown away. Tells you I'm not connected to, like, fish, Twitter, or any of that   anymore. And you and so that's, like, that'll give you an indication of how disconnected I am. So I yeah. I did not And he was at MSG this month. This most recent run, he was at MSG. I knew he was kind of a fan. Like, I knew Mhmm. Yeah. I know, you know,  

[00:14:47] Unknown:

the list. And I think he wore I think he wore a t shirt, my friend said, that says, I don't know the price of price of anything.  

[00:14:52] Unknown:

It's funny. Well, that really relates. That's very that comports with us and what we're talking about here because nobody knows the price of anything. Exactly.   You can't know the price of anything.   We'll talk about the price of fish tickets too probably at some point. But I want this guy,   this guy, Walter Ruska, I have to just I gotta talk about this guy for a second because it's, like,   especially   channeling the spirit of your audience and, like, really building off your audience. Like, this guy is absolutely connected to his audience.   And   him going like, listening to Rift, he claims, was the first time I believe him. I I believe this guy to be very sincere.  

Mhmm.   First thing I'm checking for, right, is just, like, the sincerity.   You know, everything is wondrous.   Every little sound is like, what?  

[00:15:48] Unknown:

What? And then, you know   That was my that was my initial takeaway is he's a little hyperbolic,   maybe a little bit emotionally unstable, maybe. But, again, we're talking   authentic.  

[00:16:00] Unknown:

That's our target audience. Yeah. That's   who wants who wants to hang out at a show with somebody who's emotionally stable?  

[00:16:12] Unknown:

Yeah. Listen. We've all had moments. I just I don't have to dig in to see if it if this is a a a temporal thing, or is it, just in his nature?  

[00:16:22] Unknown:

You know, I'm that guy. Like, I   I should be embarrassed by it, but, like,   I'm that, like, guy who's, like, super always, like, so enthusiastic. I am not a  

[00:16:33] Unknown:

critic at all. Oh, that's funny. So because, like, because, you know, we all have friends that are, like, every every show you leave   with this particular person,   every that show was the best show they had ever seen.   And that happens every time you go to a show with  

[00:16:49] Unknown:

them. That's me. I'm not gonna Are are you along are you along that spectrum? Okay. I I'm pretty much on I I you know what, dude? I don't   dude, I I I just wanna love my band.   Mhmm. And I'd have no interest in   talking about why they're, you know, why they're shitty or anything like that. And I remember,   being at the o four Vegas shows being like that.   Mhmm. Okay.   But you wanna hear a funny story in as just an aside,   when I was in college   in 1995,   I was asked to write a review of,   New Year's Eve fish show that year for Dupree's Diamond News   K. Which to the listeners, there used to be a Grateful Dead song called the Dupree's Diamond Blues,   and there was a little fanzine, like a magazine. We used to have these fan magazines   that were   you know, I would say this   magazine is, like, the equivalent of Walter Ruski's   YouTube channel. You know what I mean? Like, it's like a niche thing that a lot of people liked.  

And there they said, oh, so you're going to New Year's run. Can you write a review of the New Year's show? I was like, fuck. Absolutely. You know? And my classic   fundamentals fashion,   it was just the most glowing   positive I I it was such a bukkake of positivity,   and they didn't use it. And they told me it was too positive. And, you know,   like, these dipshits   didn't realize that this would go down as,   like, it's in the conversation for great show of all time. The greatest show of all time. Okay. So yeah. And I just exploded. I just exploded all over it. You know? So good.   So I love this guy because he is channeling that exact thing, this this exact spirit, and I believe it to be sincere and his audience   so, like, I I think they come from, like, this King Giz background.  

Okay. He was so he built he built this audience doing   sort of reaction videos to think king gizzard, lizard wizard Mhmm. Which we know Trey loves. So, like, there's definitely a reaction there. I've seen them a couple of times. I don't know if you've checked them out live, but they're pretty No. I've got a couple of distance. They're interesting.   Like, they're They're playing the man. I think they're playing the man this summer. Just FYI. So but what so I I watched his audio so I watched the audience on the stream. Right?   And it reminds me so much of   being on IRC in 1994,   in 1995.  

And, like,   we would listen to tapes   together   and then just talk about this you know, just talk about   just so glowing. Everything is just like, you know, oh, man. Did you hear that little riff? You know, does that was that a,   funky town tease? Yeah. They get to use. Yeah. Yeah. Mexico. But, like, you know, it's just like, you know, everything is so new and fucking great. Mhmm. I really felt it from him and his audience, and I'm just found it really compelling. And I have no issue watching these four hour videos   of   and and for me, it's like really rediscovering the appreciation for these albums. I never thought much of these albums. Mhmm. I had them, and that's how I discovered the band.  

But, like,   over time, you learn to sort of disrespect these albums. Right? Right. It's all about going to the show. Right? And it's bad to solve that part of the band. The the the albums don't have the life. Right? They don't have that. They you you   after a while, you realize   those albums are   they're not that exciting.  

[00:20:21] Unknown:

Mhmm. But they are when people are discover when you're watching people discover Right. The greatest of like, it's it's like it's like a vicarious type of experience. Right? It's like it's not you're you're learning anything, but it's like you're you're you're   you're channeling   your your previous self through them and kind of sympathetic joy for their experience.  

[00:20:43] Unknown:

It's so wonderful. I have to tell you. Like, as much of maybe maniac and people might think I am on for what I'm doing here, like,   I don't know. Something so simple like that really just takes me back and   is I love it.   So I don't know. And then again, I I'm, like, enthusiastic guy all over again. Mhmm. You know? It's like, oh, it's okay to be that guy. Right?  

[00:21:06] Unknown:

Well, it's so funny because I actually to to tie into your the theme. I mean, it sounds like this guy, what his name is Walter, you said?  

[00:21:13] Unknown:

Walter Ruski is his name. I don't know any of his channels. I don't know his Twitter handle or any I'd love to, like,   contact him and, you know, like, you know, I'd I'd love to get him on a value for value platform like ZapdotStream.   I feel like this guy would just  

[00:21:29] Unknown:

clean  

[00:21:30] Unknown:

up. He would get   a ton of Bitcoin.  

[00:21:33] Unknown:

Yeah. Sounds like he has an existing fan base, and it sounds like it's built on a a real positive attitude.   And it sounds like his foul his fan base is   people with positive attitudes,   positive outlooks.  

[00:21:45] Unknown:

It feels that way. Yeah. So but he does this on Twitch, and he has to take ad breaks. Like, Twitch requires   ad breaks   Okay. Which is hard to do when you're reviewing Phish albums that have, you know,   sometimes thirty minute songs.   Right. Twitch just pops up and says, hey. Guess what? You're gonna have to do an ad break.   To me,   zap.stream   and fountain and value for value platforms is ideal   for something like this. Yeah.   For   people who don't know, zap.stream   is basically Twitch without   any you know, it's it's built for Bitcoin, and then there's no,   you know, there's no ad breaks. There's nothing they require you to do. And if you wanna   basically send Bitcoin to whoever's hosting the stream, it's you just do it. You can do it at the click of a button.  



[00:22:34] Unknown:

Right.   Yeah. Nostra is gonna be really powerful.   We could do a whole episode or two on Nostra if we wanted to because But there's this thing called we'll call it the value for value ecosystem.  

[00:22:46] Unknown:

We do this with this podcast. We I mean, we this podcast is I don't know where anyone's listening from, but we share a fountain link.  

[00:22:54] Unknown:

Right.  

[00:22:55] Unknown:

And we like,   I mean, we like fountain as a platform. And,   you know, if people wanna support you, they can just send you they can just send Bitcoin your wallet. It's really easy. Mhmm. It's great. And so  

[00:23:09] Unknown:

go ahead. I was just gonna say it's a it's basically their their form of as you can like you can like post, but the the original intent with zapping was   as opposed to liking, you actually give them some value. And, you know, 10 is what? Like, a a hundredth of a a a tenth of a cent or something like that? Like, it's, you know, real de minimis amounts of money. That's not the point.   Or if you if you're a fan of a show like ours, you can you can set a a stream rate. So every minute you send two sats or something like that or so it's literally value for value. The amount of time you spend listening is the amount of time that you is the amount of money you pay.  

[00:23:45] Unknown:

And so, yeah, that's a to me, it's it's a value system.   And, you know, maybe maybe not so much for a show like this, but I have other shows where it's actually really important that I'm objective.   And Mhmm.   I there's I have shows where I would refuse sponsors   for that reason.   And at some point,   I probably won't be able to continue to do a show like that unless I'm get unless I'm getting Some revenue. Right? Something. Right? And then so so   that model is gonna make possible   sort of the ability to create content without   this influencer trap, and this is part of why   we feel it's important   to bring this into the fish community.  



[00:24:29] Unknown:

Right. And this isn't a new concept. Right? This this idea of, like, I remember remembering, like, Radiohead, the in rainbows album. They they decided to just release it to the wild on New Year's day and pay what you want. You know, that idea that idea  

[00:24:44] Unknown:

I mean, Phish I mean, Phish of, like To me, Phish is the,  

[00:24:47] Unknown:

like, the poster child for value for value.   Right? So, I mean, it's it's it doesn't get more like, they're it doesn't get more tailor made   for a band,   right, than Phish.   And they would do very well. I mean, look. They did their, you know, trade did all the Beacon Jam stuff on Twitch.   He was raising money for a drug rehab.   I think he did very well. I don't know how, you know, don't know how well. I don't know if it   exceeded expectations,   if it didn't. Don't know any of that. Right. I do know that had   he raised Bitcoin   during the beacon jams instead of, dollars,   he'd probably be opening   35 rehabs.  



[00:25:31] Unknown:

Right. Right. Right. Right. Yeah.  

[00:25:33] Unknown:

So let's just leave we'll we'll we'll leave the pin in it there.   And, you know, this enthusiasm that I got to channel because of Walter Rusk, I have to say,   it made my week. It made me so happy to,   just to find this guy and to see this conversation   and to get to be sort of get to watch people get it. So nice.  

[00:25:57] Unknown:

Right. Yeah. You're saying it's the it's is it live chat, or is it like comments like YouTube? I'm not No. It's a live chat. It's live. It's a live chat. He does he's also  

[00:26:07] Unknown:

it's live on Twitch, and you see the chat.   And he's, like, asking, like, who's singing in this song? You know? And he's like, is this song about Yeah. Power or getting He'll get answers.   Yeah. He'll get answers. And,   then, you know,   then he posted to YouTube, and then there's all kinds of comments there, but it's not that interesting, frankly. Yeah. Right?  

[00:26:27] Unknown:

Makes sense.  

[00:26:29] Unknown:

Although, you know, there are some nesses the the YouTube comments are like an errata to the chat.  

[00:26:35] Unknown:

Right. Right.   The   the   shittier the shittier the trollier version.  

[00:26:41] Unknown:

Actually. It's the actually. You know? Yeah. The actually, guys.  

[00:26:46] Unknown:

Well, you know, it's funny. I I you know, I'll share this story. I think it's loosely loosely related to what you were saying about, like,   your your attitude towards the band and, you know, the nature of your fan of your fanness being, you know, kind of kind of positive.   You know? And, you know, I definitely fell victim to over the years of a little bit of a jadedness, a little bit of a,   you know, OG kind of,   you know, superiority complex for lack of a better term. Right?   And I started hating on certain songs. And, you know, f zappa twenty, who's I don't know if you know him on YouTube, the guy who invented the word chomper.   Nice. He definitely he he influenced me in a in a negative way where he's kinda like, ah, this song sucks, fucking chomper song.  



[00:27:32] Unknown:

But, I do have my songs that I don't like. Don't get me wrong. But this year,  

[00:27:37] Unknown:

going into Mexico   and I actually sent a note to my friend group by in group text.   I've always ripped on the on the song possum, which we've actually talked about quite a bit in this pod   because I just thought it was, like, it's a go to song for some people to play for, like, new for, like, new entrance for some   reason. Maybe just because it's, like, simple in its construction.   But I just thought it was just not a good representation of the band. I just thought it was very limiting.   And, you know, in 2011,   I think, one of the summer tours, '20 I think it was '11 or '12, where they played possum like every other show, it seemed. Like, every show I went to, they played possum. Yes. I yes. I'm aware. It was it was kind of a it was kind of a bit, but that definitely cemented my, like, kinda disdain for possum. But, anyway,   to bring this back to a positive note,   I happen to be on, like, Etsy, like, looking at fish T shirts, and a and a a seller had, like, some clearance ones that were, like, eight bucks. And one of them happened to be at one of them, and it was in my size. It was a POSIM T shirt that was dressed up like a PBR label.  

Okay. And so I bought it, and I was like you know? And I just felt inclined to buy it even though I'm I'm not a fan of the song. And I brought it to Mexico   for the first time and said, you know, the first night I wore it, I'm like, this is, like, the resolution   of my fish journey. You know? Like, now it's all coming full circle, and I'm wearing a fucking possum T shirt, and it's okay. And I don't have to hate on these songs, and I'm just gonna enjoy myself.   And,   and, yeah, that was kind of the,   yeah, that was that was the experience. I've kinda turned a page. Let me put it that way as far as, like, ripping on   ripping on songs that I don't care for, I've lost interest in. Yeah. Go listen to the outro of,  

[00:29:23] Unknown:

I wanna say, episode three   where I use the campus club possum that introduced all the secret language. Yep. Yep. I listen to it. Oh. Oh. Oh, you know what my favorite possum is?   My favorite possum is,   I wanna say   I'm gonna get this wrong. I think it's something like 12/07/1991.   It's one of these old   December   shows in Vermont. I think it's at Middlebury College.   And if you look actually, if you go to, like, fishdot,   if you go to relisten and you look for a song called wait   Mhmm. It's been played twice.   It's not a song. It's literally them doing possum and then a riff, and they just keep saying wait.   And   it's like,   if you try to   introduce somebody to the band with a song like this, they will   get very angry with their minds. That's funny. But it's like they won't go into like, they just won't start the song and they just keep go playing this riff like, doo doo, wait.  

Doo doo doo,  

[00:30:24] Unknown:

wait. And I need to check that out. Basically possum into wait.  

[00:30:28] Unknown:

I saw wait. I was like, oh, white lion. Remember that song? White lion in the eighties? Yeah. Cool song. Great   Guitar Work by Vito Brada.   Mhmm.   But no. It was actually then just this perfect troll.   I guess, so this guy, Walter Ruski, is picking up on Drew Carey's language,   and he's using the verb edge lording   around fish   for when they build all this tension. Right? I mean, there's no bigger edge lure than the song wait.  

[00:31:04] Unknown:

That's really funny. That is really   or or or cross eyed.  

[00:31:08] Unknown:

So look out for that. I'm not gonna use I'm not gonna use that on the outro. Maybe I'll maybe I'll throw it in as a bonus. You know? Do you ever remember, remember in tape trading when you would get, like,  

[00:31:19] Unknown:

filler? Oh, it was a filler. Oh my god. It was always a treat, and it was always just typically random. And you could almost, you could tell the provenance or the the lineage of a of particular recording by what filler existed on it. I know that kind of became a thing later. That's how I was introduced to, like, Dave Matthews   And Oh, it's, like, filler other they would have other bands as filler interested. You know, it's a perfect opportunity to,  

[00:31:43] Unknown:

you know, introduce you to your favorite you know, if you're trading tapes with somebody and you need to fill out   a side.   Right? You got nine minutes to fill to fill out and you wanna introduce somebody to Dave Matthews, man. Of course, you're just gonna put it there. Right? Yeah.  

[00:31:58] Unknown:

And then, yeah, the days of CDs too where you've tried to get down to the last very last second.  

[00:32:03] Unknown:

We digress. So I'm glad I'm glad you at least had a little reckoning with Possum. I I love Yeah. I love Possum. Always have. I'm a big because, well, I guess, you know, I'm a guitar player,   and it's hard not to love a good one four five and just trade just rips.   Even now, I mean, look. I think pass look. There's a class of there's a category of songs, I think, that really   probably peaked in   the machine gun Trey era. Mhmm. Ninety four, '90 '5.   You know? And I songs like Cavern  

[00:32:33] Unknown:

Yep.  

[00:32:34] Unknown:

Antelope,   put David Bowie in that class probably.   I put possum in that class. That's they're still nice to hear at a show now, but, like, yeah, you're not gonna get   the   absolute shredding that you might have gotten back then. But go back and, you know,   Arrowhead Ranch,   possum, I think, you know, that was   a it's memorable.  

[00:32:54] Unknown:

Yeah.   Yeah. It's a lot of, like, soloing. Right? And not not not jamming per se, but definitely good foundational songs to that Trey can just fucking show his chops on. Especially in the intro. Like, I love the intro. I just love when Trey just starts taking in   the intro before real you know, before Before it really the song actually kicks on. Yeah. Yeah.  

[00:33:16] Unknown:

I have, I don't I don't need to get into it, but I have at least I have a couple songs I hate.  

[00:33:23] Unknown:

Like, I do. I have a few. I have a few.  

[00:33:26] Unknown:

Should we name them? Should should we just name one of his favorites, though? Yeah. Let's go ahead. Winter queen.   Like Oh, god. Feel I will feel robbed   if I hear that at a show. I feel I literally will feel fucking robbed.   Yeah. I won't even say time times elastic because it's universal, but I would say, I'm sorry to hear that. Time times elastic. Sorry. I'm not gonna actually, I don't allow I don't allow besmirching that song in my presence, and,   I think it's a terrific song.  

[00:33:54] Unknown:

K. Fuck off the money. You you know, you like you like the album Joyce. I mean, that's fine. And, you know, time does turn elastic.   The money turns elastic.   Character zero character zero is on my is at the top of my list of of chomp of chomper anthems.   Wow. Okay.   Julius   Julius can go fuck itself.  

[00:34:21] Unknown:

These are Bitcoin related songs, by the way. All of them. All of them. And I I I like,   gosh. Should I   should I do this now?   Can I do my character zero thing now? Yeah. Hell, yeah. Let's just do it. Good. Because you hate character zero. Good. I'm gonna, like this is like you and I. We're we're becoming like the band. I'm just gonna, like, this is your hold your head up. I'm I'm gonna let Yeah. Make you play hold your head up now.   Okay.   So first of all,   musically, let me just   let me just say that character zero, at least,   musically,   has its peaks,   has its   has its qualities.  

When I think of a song like Winter Queen, now maybe somebody smarter than me is gonna tell me why there's signal in the song,   but, like,   there's literally nothing about it that that's impressive. I there's probably one I think I've heard one version   that   I got I I don't like Prince Caspian either,   but the,   the Coast sign.   What's that? Coast sign. So and Winter Queen to me, they they remind me of the lion, the witch, and the wardrobe. Like, both of those songs are the same, like, of the same ilk. Like, for, like, shitty fantasy story? From the same chapter.   I went by yeah. And,   that callback to a great analyzed fish moment when, Harris was trying to talk about the song, The Line, and Scott kept saying, the witch in the wardrobe.  

It just, like, went on. Oh, that's funny. I forgot about that. Yeah. But, like, yeah, like, this this middle earth kind of   Lord of the Rings kind of thing. Now at least Prince Caspian,   what was it,   what was the festival in 2015?  

[00:36:10] Unknown:

Oh, that was,   that was,   a Magna Ball where they did the they did they did the tweezer.   It was put down on the set list as Caspian, but it was actually tweezer.   They didn't jam out Caspian. Let me just be really clear.  

[00:36:24] Unknown:

But the Caspian, the legit Caspian was was actually good.  

[00:36:29] Unknown:

Correct. And then it went into a jam that everyone said it was still Caspian, which it wasn't. So so there has been you know, there at least like, it took twenty years.  

[00:36:39] Unknown:

Winter Queen,   forget it. Like, I had I'm sure somebody made like I said, somebody smarter than me can tell me something   to change my mind, but I   feel absolutely right. But I'm not so   character zero.   K? Let's forget about it musically for a second. K?   I'm gonna,   this is we're going into some type going into type two here.   K.   Okay. I'm gonna talk about character zero.   I'm gonna talk about I am hydrogen   and then character zero.  

[00:37:10] Unknown:

Done.  

[00:37:11] Unknown:

Okay. So do you I'm I'm gonna ask you a rhetorical question. I know I know the I know you know the answer. Are you familiar with a   author and Bitcoiner named Knut Statham?  

[00:37:21] Unknown:

Yes.  

[00:37:22] Unknown:

Yeah. Right. Okay.   I'd mentioned that so that people out there can go look him up. Mhmm. He's a great   he has a great,   I'll just call it a great little world view about   Bitcoin being,   element zero.  

[00:37:40] Unknown:

Mhmm. I've heard him discuss this. Yeah. And it's because it's weightless.  

[00:37:44] Unknown:

Right? And so, like, you know, the elements are are measured by how many   Atomic mass or protons Their atomic mass, which is by how many protons they have. Right? Hydrogen has one. And so when I'm hydrogen was written,   it was   the lightest known element.   Right?   Oh, I see where you're going. You see where I'm going. Right? And Mhmm. But, you know, then Bitcoin would be created in 02/2009. I don't know that there's been a version   of, like, I am Bitcoin, but there is I am hydrogen   that at least was attempting, I think, to capture   the weightlessness and Weightlessness. Yeah.  

You have songs like Sigma Oasis that say you're finally weightless.   So maybe there's a maybe there's an illusion  

[00:38:29] Unknown:

illusion there. Right? Zero zero point energy.  

[00:38:33] Unknown:

Okay. Right. So let's just say okay. So we have this idea of Bitcoin being,   element zero.   K?   Then   Satoshi   Nakamoto,   the   eponymous   inventor of Bitcoin,   who may have been a group of people we don't know. Right?   I I contend   Satoshi was character zero,   inventor Bitcoin, inventor of element zero.   Satoshi's character zero.   And,   okay. Who gives a shit? So what?   So I   am I teach math to Bitcoiners also.   Mhmm. So let me get that out. I have a podcast called Motivate the Math, and we're we talk about   the,   math that underlies cryptography.   And in abstract algebra,   there is a concept called characteristic.  

And   there's an interesting   property when characteristic is zero.   Mhmm.   So and, you know,   all I'm saying is the pieces are out there. Mhmm.   I don't know what it all leads to. I did I tried to, like, figure out I did some googling the other day   on,   you know, the man Mulcahy.  

[00:40:02] Unknown:

Yeah. The guy. He was a he's a weatherman. Right?  

[00:40:07] Unknown:

Was he? I I I didn't really get anywhere.  

[00:40:10] Unknown:

Yeah. So my buddy was in   was in the TV production business. He actually worked for Fox Philadelphia   in the morning, like the morning show.   Okay. And he was a director. So he was in the production room. And   he was tangentially exposed to fish because of me, but he also had a family friend who's one of the one of the one of the kids was, like, went on tour for, like, couple years back in, like, I don't know, two point o time period.   And   as a a news guy, you know, his first job before Fox was he was down in Atlantic City at some rinky dink news channel, like local   Atlantic City news, like, you know, channel channel four and a half or something. Yep. And he became friends with the crew there and, you know, I do wanna say I went out one night, and we actually met up with with they weren't working together anymore, but they had just he had just moved moved back to Philly to work for Fox. So I got to meet the anchor, and I met the the woman that did the weather.  

And he he said they were aware of the Mulcahy   story,   the the origin of the of the of the character zero song for fish because it was like some guy. Story. Yes. I don't think that has anything to do with  

[00:41:19] Unknown:

like, I don't think any of their intended stories have anything to do with, like, Bitcoin or any of this stuff. Right?   It's more of there there's another   I I I believe there's some   I just haven't found it yet. Right? I just believe that there's a connection and I haven't found it yet. Oh, okay. You're looking for more like what like, reading between the lines.   Like Is there yeah. Like, is is there actually   an out there that might   have been connected   to  

[00:41:47] Unknown:

character zero, who I e I see what you're saying. Yep. I see what you're saying. Yes. That I don't know.  

[00:41:54] Unknown:

Yeah. No. Yes. Apparently, yeah, Tran Tom had some drunk run-in with a Jamaican   weatherman or something like that. Right?   It's like, you know, it was like the lame a lamer version of, Wazifici.  

[00:42:10] Unknown:

Right? Mhmm. Exactly.   This is why the version of this song. Yes. Yeah.   No. It has nothing to do with why I like the song.  

[00:42:19] Unknown:

So yeah. I don't know. So character zero,   character zero Satoshi is character zero.   It's gone.   Right?   Dematerialized.   Mhmm. So there's something there.   There's something there. There's something there with,   Bitcoin being, weightless,   element zero, Satoshi being character zero, and   what's called character yeah. Characteristics.  

[00:42:46] Unknown:

Oh, and the logo is a zero. The pop you know, the I mean, when did this become popular? This didn't become popular till, like, 2011, '20 '12 did this really become a ubiquitous symbol of fish. You know, it's interesting.  

[00:42:57] Unknown:

The doughnut became the logo the same like,   I don't wanna be   I don't wanna alienate a   bunch of people   right now.   But, you know, like, when you know, there's certain things, like,   I, like, I just remember,   I wanna say it was, like, a day in 2015 where I like, there was a news story about   the,   North Carolina   was gonna lose, like, the NBA all star game because   they didn't have,   like,   unisex bathrooms.   And I just remember that. Yeah. I remember thinking, I didn't know that was a thing.   And then the next like like, a week later, it was, like, such a thing, and it was over and settled. And it's like, it's a total thing. No   conversation, no debate, no nothing. It's a thing. I feel like fish is the doughnut became the logo the same way. Like, it just it just got foisted on us,   and nobody argued. It's like, that's kinda cool. Let's we Yeah. Do you mean I can buy shit now that has fish stuff on it? Okay. Right. And then I think after the baker's dozen, it just became totally like a like, almost official.  



[00:44:07] Unknown:

Right?   Because a lot of people attribute it to being a doughnut, but it's it's actually   right? It's actually the zero from character zero. Isn't that isn't that I had no I've never made that connection in my life. Yeah. That's so I think that's fish at all. Because, you know, the origin is Fishman's dress. Right? That's where the pattern first appeared, and John has claimed that that is the   the spirit of the dress, his character's dress. I had no idea.  

[00:44:33] Unknown:

That's quite amazing. So Fishman's   so Fishman's Lumumu   had this zero from character zero, and that became the doughnut.   That's that's the story as I understand it. Very interesting. And, you know, maybe it's worth going back,   reviewing   the,   baker's dozen harpua and the whole thing about the universe being a doughnut.  

[00:44:53] Unknown:

Yeah.  

[00:44:54] Unknown:

I mean, look, if the anybody who   has studied, like, topology,   that's not actually a foreign concept.  

[00:45:04] Unknown:

No. No. It's it's true. I mean, it's it's actually is it's based that's the shape of   of everything.  

[00:45:11] Unknown:

Like, it's like, every like, the top all the topology textbooks have donuts on the cover. Yeah. Yeah.   Anyhow, we digress.   Alright. So we hit a little character zero. We hit a little so let's talk quickly now about   summer tour.  

[00:45:29] Unknown:

Mhmm.  

[00:45:31] Unknown:

And, I have an issue.   And now I think I I think I realize why I haven't   been to a show in a couple years.   And this isn't   this is gonna be, I think, the first constructive   debate   about   ticket prices   because it's going to come in a bit this is gonna now   fish fans who are, like, sticking with us here, you're gonna now hear how I think you're gonna hear now how, like, somebody grounded in Bitcoin just thinks about   economics   and price. Yeah. Yep.   I have no problem with   I have no problem with what the band charges for tickets. I think I think historically, they've always charged too little, and I think that has actually hurt the scene   because it just made way for vultures   and parasites   to make   money off of their talent.  

K? Right? Would you agree or disagree?  

[00:46:28] Unknown:

Like the shitcoiners of the scene. Yeah.  

[00:46:30] Unknown:

It's always been like, ugh. Right? These ticket agencies, like, who the fuck are they? They have no talent. They shouldn't be making money. They shouldn't be able to   they shouldn't be able to basically   profit just because   essentially, you know,   Phish   Phish did not like   charging,   a lot of money for their shows.   You know? They had it's just a view that they had, and I   I respect it. But as   a as a somebody who sort of grounded in Austrian school of economics,   you just know I mean, before I was an Austrian   even just the way I was educated in college, with a what you would call classical economics, it's just like   someone's gonna pick that up   and   exploit and exploit it anyway. Mhmm.  

Mhmm. But you know what? It's like,   Ben has enough problems,   right,   than to worry about charging   not enough money for their tickets. And I know they don't like they don't like the industry that comes along with it, but   I think in the year you know, since they came back at three point o and in the era of,   StubHub and   it just I guess it tends to even out.   The you find you tend to just find the market price.   It is what it is. Yeah. I never really had a issue with the price of fish tickets until   a couple years ago.   And maybe it's because of the $20.21   $7,000,000,000,000   of money printing that's now trickled its way into everything, including the price of milk, the price of eggs, and the price of fish tickets. It's but I   I have a problem with it. I don't have a problem with fish. I have a problem   with   just the what I had just have a problem with what it costs. You know? Mhmm.  

I don't I still don't think they charge enough.   You know? So even at   even at a hundred and $10, I think that's what the ticket   that's what it was on the mail order.  

[00:48:31] Unknown:

With the fur path. Yeah. Fur path. I think it's the only time It's probably not enough.  

[00:48:35] Unknown:

It's I I haven't tried to go to a show in a couple years, so I don't know what it is if you go out in StubHub or anything like that. But it's prob look. They're still probably not charging enough for tickets. I just don't like it. I don't like the price, and it bothers me. And I think,   like, I don't know. I   that's just a me thing, and  

[00:48:54] Unknown:

it does affect whether or not I whether or not I go to shows. Yeah. It's like it's like I I mean, I'm getting the sense that, a, it's it's the it's the signal that the change in price represents. You know why it is what it is.   You know why the price is distorted.   Right? Is that what it kind of irks you?  

[00:49:13] Unknown:

It's just the reality of I don't like the price of anything these days.   I don't you know? And,   you know, the fact of the matter is   as a Bitcoiner, I've created I've created markets   that allow me to use spend Bitcoin on things. Right. Right.   And,   those relationships and those markets   are   work those work well for me. You know? So, like, farmers,   like, hit school.   Mhmm. All those things   are, you know, I've built the ability to use Bitcoin to buy, like, a lot of the essential things.   I I tend   to think   that,   I don't know. I just I I I don't I don't have, like, a solution or anything. I think it's fine. I think it's cool. People go to shows. There's people that don't have a problem with it, and that's the way economics works, and that's great. Yep. You know?  

[00:50:13] Unknown:

Well, I think, like,  

[00:50:14] Unknown:

I'll  

[00:50:15] Unknown:

I'll I'll add on in the sense of, like, I I think I I think I understand the spirit of of your   disdain for,   you know I've also opted out of the field. The screen.   Yeah. And that's, yeah, that's what I was gonna kinda kinda get into is, like   and and you and I have   danced around the fact that we maybe maybe have a shared a shared experience as it relates to   employment and fiat fiat employment.   But secondarily, I just remember I was explaining I was with a group of people just casually talking at like, inflation came up or something like that. And somebody said something like, yeah. But what are you gonna do?   And I immediately said,   well, this is what I've done. I've sold all my fucking dollars. I get I turned them all back in.  

Yeah. I got like, that's what you can do now. Bitcoin gives you the option to say, I'm not gonna participate in this anymore.   I'm not I'm not gonna I'm not gonna   put my energy into this system that I find reprehensible. But what people have to understand  

[00:51:16] Unknown:

is there's   you know, you have there are implications   to doing that.   A lot of the luxuries that I certainly became accustomed to, like, I was I just I remember being broke   and never caring about the price of a ticket, even being broke. Mhmm. And not just when I was in college, but, like, my first five years of working with the I went to so many shows,   and not just fish shows, you know,   Moe   and   all those bands, MMW.   And I just never ever   thought twice  

[00:51:47] Unknown:

about It's a good point. You just went. It was obvious that you it was worth it. And if I needed a hotel, I never thought twice about it.  

[00:51:57] Unknown:

You know,   first   but that those were different times.   They really were different times than and, you know, dollars worth more than   and you weren't staring down the barrel of getting debased.   I mean   so, you know, big hunters worry about   their money because it's sub you know, here's the thing. You You save   I'm 50.   50 years old. A lot of fish fans are   that age. Mhmm.   I would like to think that a lot of us have saved   most of our life. Right?   Live below our means   with   most of the ones that I know have been pretty successful,   make more money than they spend.  

And,   you know, if you were   if you were that type of person and found yourself   in the year 2021   where the go you know, where the government decided to print 40% of the money that was in debate basically, that what they did was they slashed the value of my savings by 40%.   And, you know, look, when you save your whole life, there's you're supposed to have, like, a pot of gold at the end of that rainbow. There's supposed to be a reward,   not   a nightmare that's the stroke of some politician's pen.   Mhmm. So in order to get in now I did not get in front of this. I didn't discover,   Bitcoin until 2022.  

So   I was catch it I had to catch up and, you know, I,   you know, I didn't get to accumulate what a lot of other people did when it you know, at much lower prices. It is what it is. But the reality is   once you realize   what happened,   you don't wanna keep your money in dollars anymore.   You don't wanna save   in that form.   I mean, debasement is just one of the reasons you don't wanna save in that form. It's also like seizure,   you know, confiscation,   censorship.   So, like, you know, when I got into Bitcoin in 2022, you had the Canadian trucker protests that   people were getting their bank accounts   seized. Not Cancelled. Sorry. Frozen. They were getting frozen in the bank just for donating to a cause whether you like it or not. Yep. Or journalists writing stories for reporting gay having similar situation. It's just great. It's crazy. Trudeau invoked an emergencies act that gave him the power to do that, and he did it. And this was so like and now people, the way you spend your money actually subjects you to government to the wrath of a government   where they will try to ruin you. They will try to ruin your life and to make you poor.  

So censorship   and retribution   is now a fear. And then right after that trucker protest,   the   the war in Ukraine started Yep. And we seized the treasury.   Seized $600,000,000,000   of Russia's   of Russia's   bonds that they had with us. We basically told we basically just took it.   So, like, you don't want nobody wants to save like, who's aware of this, wants to save in this form anymore. Okay? And it's like, oh, this is a long way to go to complain   about   fish ticket prices,   which so that's why I wanna make it clear. That's not what I'm doing here. Right?   I wish nothing but for the band to make as much money from their greatness as absolutely possible, and I would   I would personally never do anything to get in the way of that.  

Mhmm.   I   think that they are subject to the same forces   that we are.   And,   you know, if they have   let's say they got a year left.   You know what?   Do some big tour.   Make as much money as you can. But I don't think they have a year left. I think Trey wants to continue to do this for decades.  

[00:55:51] Unknown:

Mhmm.  

[00:55:53] Unknown:

And it's not   it's not sustainable   in dollars.  

[00:55:58] Unknown:

That's why we're doing this. Yes. I know when we first chatted that this was in the back of our minds. Like, I don't think that happens unless  

[00:56:06] Unknown:

they   somehow discover   Bitcoin and figure out a way   and just start figuring out a way how to earn it. And I don't know that we'll have anything to do with that. I'd like but but if, you know   Yeah. I mean Maybe it takes a hundred of us, so they find one. They find one.  

[00:56:24] Unknown:

Right. Right. How many touch point? It always requires multiple touch points. But, like, I think   I think what what what I went through, you know, I I knew about Bitcoin. I've I I first touched Bitcoin in 2017 on the on the in the peak of that of that bull market.   Bought the top close to the top. But I didn't sell,   but I didn't go down the rabbit hole.   But, man,   I knew what the gist of the technology. I knew I knew I at least I I got a a surface level understanding of the problem it was intended to solve, which is, in a nutshell, is separation of of   of money from state, like church and state money from state. Base you know, in a nutshell, if I were to put it in one sentence, that's what how I would frame it. Well, let me put it in a paragraph.  



[00:57:04] Unknown:

Mhmm. Because I did write about this. Okay.   And I wrote about it relating to the song theme from the bottom.   So I'm gonna read from my blog.   I feed from the bottom. You feed from the top.   I live upon morsels you happen to drop.   Like coffee that somehow leaks out of your cup, If nothing   drops down, then I'm forced to swim up.   The Cantillon effect   is the phenomenon   whose recognition really makes a Bitcoiner a Bitcoiner.   In the early fish days when people traded analog tapes,   there was a huge benefit to having a taper friend   and get an early generation recording before the degradation of multiple generations   of recordings made the shows almost unlistenable.  

Observed and coined by Richard Cantillon in the mid seventeen hundreds,   it describes the uneven flow of money   between those at the top who have the privilege to print it or spend it first   and those who will ultimately have their savings debased.   Without realizing it, Trey and songwriting partner, Tom Marshall, hit the bull's eye when writing Theme from the Bottom, on foretelling   what would eventually cause Satoshi Nakamoto to unleash Bitcoin in 02/2009   after a second bank bailout socialized the consequences of reckless banking   and began an unprecedented   era of central bank money printing.  

After learning the lessons of Game Hinge where Aaron Wolf screamed hatefully at Wilson only to become him,   theme from the bottom is the true theme   that would have liberated the lizards.   It speaks the truth   and calls out the tyranny for what it is. When fish have to swim to the surface for food, it is at great risk of being eaten.   The Cantillon effect incense   incentivizes   people to gamble their savings,   lest they see it decay in purchasing power over time.   So toss away stuff you don't need in the end,   but keep what's important   and know who's your friend.  

When enough people realize what has happened to our money, it is likely going to be ugly.   Not Coventry Festival ugly, more like curveball.   Gresham's law suggests that good money will force out bad money. I might have had that backwards. Sorry.   Listen to Trey and Tom here and stack a little bit of Bitcoin. Stay humble   and know who you can trust if things go sideways.  

[00:59:40] Unknown:

Well written.   That's good stuff. Thank you.   Yeah. The all cancel on effect that,  

[00:59:50] Unknown:

you know that's the problem we're trying to solve   here.   And I think that's, like, if you wanna understand why Bitcoiners   really dig in and get serious, it's like,   these are not people these are not people just trying to multiply their money,   which I think that's the like, you know, like, the idea of the Bitcoin are just looking for returns is the same idea of, like, a drug addled fish fan.   The you know, like, there it's like the kind of the cartoon example. But when you get a little deeper,   you have somebody who is deeply concerned   about and understands   the world in a certain way.  

And the power   the people in power who have the power to print money will never give that power up, and history is just loaded with examples of how that's never ever ever gonna happen.   That is what Satoshi figured out. And   if you study Bitcoin for five hours,   you'll realize   that Bitcoin is   actually is the thing   that puts an end to it. Not today.   Not today, not tomorrow,   not even in ten years, and maybe not even in our lifetime.  

[01:13:04] Unknown:

Wait.  

[01:13:13] Unknown:

Wait.  

[01:13:16] Unknown:

Wait. Wait.   Wait.   Wait.   Wait.   Wait. Wait.   Wait.   Wait.   Wait. Wait. Wait. Wait.   Wait.   Wait. Wait. Wait.   Wait. Wait.   Wait.   Wait. Wait.   Hang on. Wait. Wait. Wait.   Wait.   Wait. Wait.   Wait.   Wait. Wait.   Wait.   Wait.   Wait. Wait. Wait.   Wait. Wait. Wait.   Wait.   Wait.   Wait.   Wait. Wait. Wait. Wait.   Wait.   Wait. Wait. Wait.   Wait.   Wait.   Wait.   Wait.   Wait. Wait.   Wait.   Wait.   Wait. Wait. Wait.   Wait.   Wait.   Wait. Wait. Wait.