Mere Mortals

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Keep your eyes peeled for a Kyrin, coming near you!

In Episode #403 of 'Meanderings', Juan & I discuss: my rough idea of 7 months going to Brazil-El Salvador-Nashville-Europe, why I want to focus on meeting people for this next trip, Juan's non-enthusiasm about the whole thing, our super power of not getting bummed out, Adam Curry once again creating a revolution and why the music industry is going to change.

Thanks to everyone who's joined us all this way, hope to see you in person soon!

Timeline:
(0:00) - Super loud crows for 1 minute
(0:25) - Exciting travel plans
(4:52) - But Juan feels like being a downer
(8:30) - Travelling for the cultural experience
(14:24) - And also to meet people
(17:59) - Post travel blues
(22:02) - Questioning life & course correcting via introspection
(27:19) - Journaling and reflecting
(34:37) - Boostagram Ball
(38:27) - The Million Sat bet
(41:52) - Why I think Spotify is fucked
(45:05) - Do we understand finance
(51:02) - The Longer Tail
(54:47) - Can Value 4 Value scale?
(59:00) - Peer to peer vs middlemen
(1:04:32) - Is this what 2011 Bitcoin felt like?
(1:06:20) - V4V: There's lots of room to grow


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Kyrin Down & Juan : Uh uh yeaaah
Welcome. everyone, to a

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Mere Mortals meandering session
with your two favourite

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mere mortals. You've got Kyrin.
Here you got Juan over

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here, and we're recording this
the day before.

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It's released Sunday,
30th of July.

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Meandering session is one
where we get together.

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We just talk a little bit
of whatever's on our mind,

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what we're finding interesting,
any news, any exciting stuff.

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And I've got a bit of excitement.
A few times. That's even related

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to what I'm wearing
and what I've got in my hands.

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Okay, here we go.
I've kind of decided

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upon some travel plans.
I think I. Got to. Europe.

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I got a rough,
rough plan of attack

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and maybe a little bit
less Europe than you might

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have thought. So you got.
My main thing.

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So for those who don't
are unaware travel wise,

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I've been across a fair
chunk of Latin America

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in 2018, 2019,
Japan and then Australia,

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New Zealand. I've kind of
seen a lot of

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and I've had in my mind for ages,
like I want to

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go to Europe, I want to
I want to travel there.

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I want to see this
part of the history, things like.

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That. You have some of
the language now and kind of

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coming in part. German Yeah,
but honestly. That's my,

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my reasoning for,
for learning German and wanting

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to go to Spain
because I already have

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a decent Spanish and I had some
experiences recently. My friend

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Lucas has gone back to Brazil,
so it's a bit of a

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bittersweet moment these last
couple of days. So I've been

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pretty good friends with him
for like a year now

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and especially
the last six months.

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And as I was having like
good bye drinks with them

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and we were just
talking about like, you know,

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what was he going to do
in Brazil, what's going to happen

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and whatnot. I was like, Fuck,
I really want to

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go to Brazil now. Like,
I kind of have to go to Brazil.

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And so the very day that he left
because we went to the airport

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a ridiculous time, I woke up, it
before five, probably first time

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in years. I'm ridiculous. I know.
It's ridiculous, right?

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It's ridiculous. It's not.
No one should be up at this time.

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And I saw I had like
a huge day ahead of me

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because I just
gained, like, an extra few hours.

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For hours? Yeah. Live packing.
And so I did a bit of research

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and I was like, okay,
what actually is the temperatures

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in Europe like that?
You know, October,

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What's it like in July
and kind of just outside

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of the summer months?
It's fucking awful, man.

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I don't want to go there.
Jesus Christ. No. No. Right.

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I didn't even
look at the Rain Man.

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I didn't even big rain
is less important to me than the

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actual temperature itself.
And I and I realised

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I only want to be there
during two. Maybe three months

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of the dead of.
What was the Celsius.

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So basically, like
not really getting above 30 much

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at this average temperatures.
So obviously it varies, but like

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minimum temperature
was getting into at the peak

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across the various
different cities

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cause I just pulled up
you know, main cities of Europe.

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So to deal especially Germany.
I'm. Not not that woman not like

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average peak temperature
of maybe 29 average

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min temperature of my high teens
maybe dipping into the

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low twenties
comparable to Brisbane

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and maybe a spring or coming
out of summer into the autumn,

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which are some of my
I really enjoy that. And yeah,

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basically I looked
and I was like June, No,

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no, that's just
it's not worth it.

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Still still too cold getting into
October, November not worth it.

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Not worth it at all.
So I basically went like,

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Oh shit, you know, the one
constant in my plan is

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I want to go to the Bitcoin 2024
in Nashville, which is

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at the end of July.
So I kind of need

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to be in Nashville on that date.
And then it was kind of

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looking like,
Would I go to Europe beforehand,

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go there, then come back.
And yeah, I just went,

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Okay, you know what?
This is much easier.

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I kind of got a plan of attack.
I can go to South America, Brazil

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in particular,
in kind of April-May,

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maybe part of June
and work my way up.

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And when I say I worked my way
up and skip a lot of countries

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and just fly maybe to El Salvador
or maybe go to Nashville

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a little bit early
now, maybe, you know,

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Colombia or Peru, if I
if I feel like kind of doing

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those portions of there,
which I never really got to see,

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be in Nashville for
the Bitcoin thing

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and then fly into Germany
and then kind of spend

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three months chasing the warmer
weather down into,

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you know, Germany, maybe
Austria, Liechtenstein

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and then across into
like Spain, Portugal

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sort of deal. So that's
kind of my rough, rough

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plan of attack at the moment.
So, yeah, it's

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kind of kind of exciting.
So it would be about

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seven months in total. And see,
this is an interesting one

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when you presented this
because something

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something that was really
triggered in on my side

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and I don't know exactly
what I can pinpoint it being to

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or when it sort of occurred,
maybe it was

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the birth of my daughter,
maybe it was prior to. Honestly,

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that doesn't sound
exciting to me anymore. Okay.

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And I'll give another example.
But it's never been exciting.

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Well, but but essentially what
that would have been like, Whoa,

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that super cool in the past.
And there's only recently

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like maybe a year ago.
I'm trying to be a Debbie Downer.

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No, no. If you said this
a year ago to me, I'd gone mad.

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That's cool, because you go,
you're going to go

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to the event now, But we'll put
a caveat, caveat and you'll see

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what it is. You know,
you're saying you'll travel

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from Brazil.
Do do this to do that.

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Honestly, a big part of it.
I go, No, but I

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go, That's not good.
But it's whatever. But it's not

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a unique thing to you. Recently,
coming from the gym that I go

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to across the Torreon,
they they're also going on

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a world tour. They're going on
a world trip. Guess what?

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Mine's kind of because. What was
coming on the end,

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they were doing
a massive world trip.

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I was kind of like, okay, now
let's let's pretend this was a

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couple of things. One,
I've travelled myself

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quite a bit now, and there are
circumstances definitely that

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have changed to the point where
I don't really want to go

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and just travelling randomly
to different places

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that doesn't seem
as fun to me anymore, at least in

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the right now.
So that's one caveat.

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Let's put that right out there.
That's why I'm saying this

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to the bits. I get excited for
in what you telling me

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would be events. And it is
perhaps something that's

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either changing in me, maybe it's
being reinforced more the that

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bitcoin natural event things
like probably bitcoin

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in the following year.
All of that excites me to go to.

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I'm less excited now where I am
in my life to say

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like, Oh, go to Brazil
or go to Germany, kind of go

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for what? Right.
And that's obviously

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a very different view,
I think is now starting

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to become an unknown
or unorthodox view

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to most people. Would have
totally get it. And I think

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this will change
when my thought is older,

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when perhaps I feel like there's
more of a fact to travelling.

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So this shouldn't
be a thing of high.

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What you're trying to do
isn't going to be cool.

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I think in a general
for me, more like I think that's

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I was trying to get to
the me more.

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I think I would think so
for me, I kind of go now it's

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honestly in my mind I go,
but I'm only I'm placing it on

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what it is for me.
And so I think for you,

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holy shit, I think that would
be, again, fun. Just like you

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found in your Latin
American trip,

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It's going to be like
an amazing journey,

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which I've seen
and I've another might.

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But again, another
another example, I guess

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to compare it to friend of mine
just recently who

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travelled around Australia,
he came back home and he'd been

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talking about,
Hey, I'd be so fun to go

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and you know,
you can work from here

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and you can go do this
and you can go travel and then

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pull him up on it
a lot of the time

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just because he was more
studying for himself.

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And then he started, you know,
persuading like, oh, you know,

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you could do that. You know,
you can be free to do this.

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I have another friend
who moved to Portugal

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who then went to a stay
to go back to Portugal

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to kind of share his message,
how you can live free

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and you can go travel the world.
And now all my mind

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goes to is, man, I want that.
Like, I just do not want that.

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That's not what I want.
Good thing

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we're not doing it for.
You on day one.

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I'll let you know.
I'm building this this life now.

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I'm, like, really happy. That's.
That's what I want.

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And so I want to
caveat this on where I go.

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I'm excited. This for,
as Karen tells me, but doesn't

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filled me with excitement.
But the trip in itself,

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especially the event,
sounds like an exciting thing

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that would be for you.
That sounds like

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what you'd be up to. Of course,
before you go for the trouble

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you've you flipped from going
is mostly from Europe to now,

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probably mostly in the Americas.
Or you still spend

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quite a bit of time.
Your it would be about half off.

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Yeah, I was I was kind
of contemplating even my own,

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you know, what would I want
to get out of this last time.

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That was going to be my cousin.
It's kind of like

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because he is very clear
my outcome for the trip

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would be like, Well, fuck that.
There's no real outcome

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that I get here in such a trip.
But for you, what's the

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outcome on the.
So yeah, once again, I'm not

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doing this for you.
So it's like I the one to compare

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my last one. You know, I didn't
really have a plan last time.

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I bought a one way
ticket to Chile and I went, okay,

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I'm just going to see
what's going to happen.

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I'm not I'm going
to spend most of my time

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in Latin America, which I did.
And when I look at

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what I was doing there,
I think a lot of it was

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finding myself. No, not really.
It was it was it was

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very much like
a self-development phase.

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I was spending a lot of time
learning the grammar of Spanish,

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like, really, I'm talking
2 hours a day. So I wasn't

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I wasn't like,
you know, backpacking,

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commuting around,
getting drunk at hostels

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and things like this. And you did
do some of that, but it wasn't

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the outcome of the.
Trip to be like,

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yeah, once, once a
once a week if that. And

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you know, I look at that one
was very much about

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places and new things for me.
I wanted to see new places.

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I wanted to go to, you know,
the middle of the jungle

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and see some random temple.
I did that, you know,

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I wanted to go to stunning
sunsets on is the whole abortion

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in Mexico. You know,
I did that sort of deal.

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And I have some really fond
memories of that. What?

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00:10:05,520 --> 00:10:08,190
I want to replicate that.
No, not really. You know,

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the thing that really
got me interested

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in going to Brazil, I'd never
really been that

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keen on Brazil before.
Brazilians are fine, but,

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00:10:16,907 --> 00:10:19,243
you know, it's
just another language to learn

210
00:10:19,243 --> 00:10:23,163
that culture is very much similar
to many of the other places.

211
00:10:23,163 --> 00:10:26,292
But what convinced me or what
not, not convince me

212
00:10:26,292 --> 00:10:30,211
what triggered in my mind was
the kind of story that Lucas was

213
00:10:30,211 --> 00:10:31,964
painting was like, you know,
you can come,

214
00:10:31,964 --> 00:10:35,801
you can meet my family, we can do
barbecues together. He's a party.

215
00:10:35,801 --> 00:10:38,471
So he knows all of these gyms.
And he lives in London, China.

216
00:10:38,471 --> 00:10:44,644
It's like I'm mispronouncing that
a lot and I and a

217
00:10:44,644 --> 00:10:47,020
and it's basically
like a, you know,

218
00:10:47,020 --> 00:10:50,774
Portuguese version of London.
But so it's you probably never

219
00:10:50,774 --> 00:10:54,945
heard of that. It's kind of
west of Sao Paolo by

220
00:10:54,945 --> 00:10:58,783
a big chunk. Wow. And it's
still a big city,

221
00:10:58,783 --> 00:11:00,533
but very similar to Brisbane.
It's got a river

222
00:11:00,533 --> 00:11:04,788
going through it.
And that excited me, going

223
00:11:04,788 --> 00:11:06,666
and meeting his friends,
kind of integrating

224
00:11:06,666 --> 00:11:12,254
into the culture a bit,
spending time with him, learning

225
00:11:12,337 --> 00:11:16,384
what Brazil is like
from an actual Brazilian

226
00:11:16,384 --> 00:11:19,302
and a good friend at that.
That was what made me go,

227
00:11:19,302 --> 00:11:22,932
Oh, I cad I'd want to do that.
So what? I want to go to Iguazu,

228
00:11:22,932 --> 00:11:26,476
maybe, but I wouldn't really care
that much about that. So yeah,

229
00:11:26,476 --> 00:11:29,312
I mean, just to dissect that,
it doesn't sound like to me

230
00:11:29,312 --> 00:11:32,649
that you don't have. Yeah,
it wasn't the Brazil

231
00:11:32,649 --> 00:11:34,610
being the fact that is,
hey, there's

232
00:11:34,610 --> 00:11:37,238
someone in this country
who would be able

233
00:11:37,238 --> 00:11:40,865
to show me the culture.
And so for that, I'm more exotic.

234
00:11:40,865 --> 00:11:43,034
Yes, I'm coming.
If he was from Germany

235
00:11:43,034 --> 00:11:45,245
and say, MFA,
you would probably change

236
00:11:45,245 --> 00:11:51,043
of plans to go to Germany.
I mean, maybe like it's. A bit

237
00:11:51,043 --> 00:11:52,878
cold, but, you
know, you know, there's

238
00:11:52,878 --> 00:11:55,214
probably there was
a lot of influence of the person

239
00:11:55,214 --> 00:11:59,467
or the the cultural experiences.
Austria, if I miss Austria,

240
00:11:59,467 --> 00:12:02,929
that's totally fine. I don't know
any Austrians here,

241
00:12:02,929 --> 00:12:05,515
if there's any out there
and who want to convince me

242
00:12:05,515 --> 00:12:08,436
to come to that awesome country,
like please reach out

243
00:12:08,436 --> 00:12:11,438
and let me know. And if,
if there was

244
00:12:11,438 --> 00:12:13,441
someone actually saying
like, Yeah, yeah,

245
00:12:13,441 --> 00:12:16,235
come, come to Austria,
that would be much more of

246
00:12:16,235 --> 00:12:17,778
an incentive,
which is also getting

247
00:12:17,778 --> 00:12:20,947
to the second point was, okay,
the cultural experience. Yes.

248
00:12:20,947 --> 00:12:23,826
And then you mentioned
the events. Hmm.

249
00:12:23,826 --> 00:12:27,913
I would go to Nashville
and go to Bitcoin Park, which is

250
00:12:27,913 --> 00:12:30,416
something that Matt O'Dell is.
You wouldn't probably know him,

251
00:12:30,416 --> 00:12:33,586
but is a Bitcoin
a Bitcoin podcast?

252
00:12:33,586 --> 00:12:36,672
I really like him.
I would go there

253
00:12:36,672 --> 00:12:39,466
a week or two weeks early
just to be able to

254
00:12:39,466 --> 00:12:42,595
spend some time and go to
one of the events there.

255
00:12:42,595 --> 00:12:45,096
I would go to El Salvador
to be able

256
00:12:45,096 --> 00:12:47,682
to like meet some people.
And then this is also

257
00:12:47,682 --> 00:12:49,684
the other thing
of kind of podcast one, I.

258
00:12:49,684 --> 00:12:50,561
Think I was like,
Oh, that would be cool.

259
00:12:50,561 --> 00:12:52,312
Actually, El
Salvador would be good. That does

260
00:12:52,312 --> 00:12:54,940
pique my interest. Even right
immediately I'd be like,

261
00:12:54,940 --> 00:12:56,859
Oh, that's, that's really cool.
Yeah. Yeah. And for me

262
00:12:56,859 --> 00:12:59,403
it would be interesting because I
hear a lot of people saying like,

263
00:12:59,403 --> 00:13:02,155
Oh yeah, at this,
especially at the Bitcoin

264
00:13:02,155 --> 00:13:04,950
made up here in Brisbane,
saying as if they're

265
00:13:04,950 --> 00:13:08,537
going to move there.
And I'm like. If you move

266
00:13:08,537 --> 00:13:10,581
your entire family,
we've got a lot of crypto.

267
00:13:10,581 --> 00:13:13,625
No, it makes, No it doesn't,
It makes sense. It makes sense

268
00:13:13,625 --> 00:13:16,711
if you have lived
in another country

269
00:13:16,711 --> 00:13:19,005
and want to live
the expat lifestyle.

270
00:13:19,005 --> 00:13:20,381
I think there's
a lot of glamorising

271
00:13:20,381 --> 00:13:24,511
of the expat lifestyle
and I think that I don't look,

272
00:13:24,511 --> 00:13:28,849
I haven't lived it per se myself
and you know, a year

273
00:13:28,849 --> 00:13:30,768
in another country,
I haven't done that.

274
00:13:30,768 --> 00:13:32,977
I was kind of travelling,
but I kind of got a half,

275
00:13:32,977 --> 00:13:37,399
half experience and I, you know,
a lot of people talk shit

276
00:13:37,399 --> 00:13:40,945
about Australia, but fuck man,
you think El Salvador's cool

277
00:13:40,945 --> 00:13:42,696
just because it's got
some bitcoin stuff going on?

278
00:13:42,696 --> 00:13:45,740
Like, no, I guess.
I guess. I wasn't.

279
00:13:45,740 --> 00:13:48,034
I wasn't coming across that
in that particular perspective

280
00:13:48,034 --> 00:13:50,745
because definitely Australia's
from all the place

281
00:13:50,745 --> 00:13:52,873
I've lived in the world.
It's very good, it's very good.

282
00:13:52,873 --> 00:13:56,585
And you know, I was also saying
thinking in the sense of, well,

283
00:13:56,585 --> 00:13:58,962
if you got a tunnel like crypto,
would you move out of there

284
00:13:58,962 --> 00:14:00,714
for a short amount of time
to offload that,

285
00:14:00,714 --> 00:14:02,924
get some tax free gain to
move around the world?

286
00:14:02,924 --> 00:14:05,677
I'm talking about people
who are saying. Living there

287
00:14:05,677 --> 00:14:08,889
forever, top of. Deal.
Yeah but yeah I would go to

288
00:14:08,889 --> 00:14:11,683
to their Germany.
One of the interesting

289
00:14:11,683 --> 00:14:15,855
things about that was
that obviously there's

290
00:14:15,855 --> 00:14:18,731
I think there's a fair
bit of crypto adoption

291
00:14:18,731 --> 00:14:22,403
therefore for bitcoin
and I know some some like

292
00:14:22,403 --> 00:14:24,989
Gigi I'd love to
meet him in person and this is

293
00:14:24,989 --> 00:14:28,241
the other thing being able to use
this as an opportunity

294
00:14:28,241 --> 00:14:30,285
to meet people who I want to have
on the podcast

295
00:14:30,285 --> 00:14:32,162
and being able to do that
in person

296
00:14:32,162 --> 00:14:35,832
would be just fantastic.
Yeah, maybe I would fly out

297
00:14:35,832 --> 00:14:40,629
to probably Norway
to go to Miguel, not Mikhail

298
00:14:40,629 --> 00:14:45,341
Mikhail and and do
a live one with him and maybe get

299
00:14:45,341 --> 00:14:48,177
some incentives.
You know, I would I would

300
00:14:48,177 --> 00:14:51,890
seriously consider if I
and I need to change my mindset

301
00:14:51,890 --> 00:14:54,100
because when you're in Europe,
everything is so close,

302
00:14:54,100 --> 00:14:56,644
you don't need a plan
as much. Yeah. So when

303
00:14:56,644 --> 00:14:58,813
I'm thinking like, you know, I'm
going to be in Germany

304
00:14:58,813 --> 00:15:01,692
and just getting over to
to France or London, you know,

305
00:15:01,692 --> 00:15:04,068
that's just like so
many countries are,

306
00:15:04,068 --> 00:15:07,030
you know, so far away. It's like,
So now fly to something.

307
00:15:07,030 --> 00:15:10,658
You I need to change.
That mindset of once

308
00:15:10,658 --> 00:15:12,745
I'm in this country,
I can't go elsewhere.

309
00:15:12,745 --> 00:15:14,580
So I would go to London to,
you know, meet Sam

310
00:15:14,580 --> 00:15:18,792
Sethi and Oscar and I'd maybe
even do that just for a weekend,

311
00:15:18,792 --> 00:15:22,962
you know, just just to do that.
So it's kind of mixing in

312
00:15:22,962 --> 00:15:26,466
bits of it's not events per se,
but also people like,

313
00:15:26,466 --> 00:15:28,844
I would love to meet those people
and just yeah,

314
00:15:28,844 --> 00:15:32,056
just form a connection and then
do some podcasting work,

315
00:15:32,056 --> 00:15:34,725
I guess. I guess so.
I think for you, if you

316
00:15:34,725 --> 00:15:37,561
so fast forward, you go through
the seven months, you come back

317
00:15:37,561 --> 00:15:42,149
to Australia, would you have said
it's a success if the trip was

318
00:15:42,149 --> 00:15:44,777
I connected with a whole bunch
of different people

319
00:15:44,777 --> 00:15:48,322
and new people that I wanted to
listen So about I went

320
00:15:48,322 --> 00:15:51,240
and saw the Big Ben
sole location.

321
00:15:51,240 --> 00:15:55,412
Yeah, less so, yes,
because I think I can

322
00:15:55,412 --> 00:15:58,499
get more appreciation for the
you know, they've been around

323
00:15:58,499 --> 00:16:01,710
for millennia. You know,
it's unlikely that they're

324
00:16:01,710 --> 00:16:05,214
going to disappear
in the next three years. And so

325
00:16:05,214 --> 00:16:09,176
I feel these these experiences
now are ones which are kind of

326
00:16:09,176 --> 00:16:13,263
in the moment, the being able to
connect with these people.

327
00:16:14,472 --> 00:16:18,226
It's going to matter less.
And in ten, 20 years time

328
00:16:18,226 --> 00:16:19,937
when I've got a family,
when I'm more settled down,

329
00:16:19,937 --> 00:16:24,274
when I'm that sort of stuff.
So yeah, that it feels like

330
00:16:24,274 --> 00:16:29,321
the historical appreciation of,
of sites and of places

331
00:16:29,321 --> 00:16:32,615
and history.
I think that that can

332
00:16:32,615 --> 00:16:35,244
kind of wait a little bit.
Yeah. And I can see that.

333
00:16:35,244 --> 00:16:38,121
I can see that to be honest
in many points. And I guess

334
00:16:38,121 --> 00:16:40,832
I'm asking
these questions because

335
00:16:40,832 --> 00:16:42,875
I was trying to source
from me like, how would I

336
00:16:42,875 --> 00:16:44,378
actually define it?
Because this come out

337
00:16:44,378 --> 00:16:46,046
there is not just unique.
Yeah, it's come up now

338
00:16:46,046 --> 00:16:47,255
like a few times
and people telling me

339
00:16:47,255 --> 00:16:49,048
about travel and whatnot.
I just been like,

340
00:16:49,048 --> 00:16:52,469
I just think I'm going.
To travel cement. But, but maybe,

341
00:16:52,469 --> 00:16:56,724
maybe it's sources from
what am I optimising? What's the

342
00:16:56,724 --> 00:16:58,683
ultimate outcome at the moment
in a very short term?

343
00:16:58,683 --> 00:17:02,354
And it's really just about family
and doing some things

344
00:17:02,354 --> 00:17:05,566
with the family.
And so to go elsewhere,

345
00:17:05,566 --> 00:17:08,443
like even even, you know, to like
especially see places

346
00:17:08,443 --> 00:17:10,612
like to see things,
I kind of fall in the same line.

347
00:17:10,612 --> 00:17:13,156
You're talking about,
like the mountains say

348
00:17:13,156 --> 00:17:14,199
that that's going
to be there in ten years

349
00:17:14,199 --> 00:17:16,451
and I can probably go there.
Yeah, you can make a call

350
00:17:16,451 --> 00:17:19,078
to say, well, you might die
in five years. Sure. Well, I'd

351
00:17:19,078 --> 00:17:20,663
rather be doing this
than going there. Yeah,

352
00:17:20,663 --> 00:17:22,499
but for you,
the ultimate outcome,

353
00:17:22,499 --> 00:17:24,084
it sounds like,
is is to meet people

354
00:17:24,084 --> 00:17:26,377
for one across the cross
to go to the events.

355
00:17:26,377 --> 00:17:28,922
But I absolutely like take for
I mean I went

356
00:17:28,922 --> 00:17:31,340
to the Yukon and honestly
I didn't get to go to be

357
00:17:31,340 --> 00:17:34,344
on the second time but I saw
a lot of joy from a doctor.

358
00:17:34,344 --> 00:17:36,137
Also just enjoys
events of meeting

359
00:17:36,137 --> 00:17:39,016
similar minded people
off to the side,

360
00:17:39,016 --> 00:17:41,101
you know, connecting
with other areas. You know,

361
00:17:41,101 --> 00:17:42,685
it's fun that I can
totally get behind it.

362
00:17:42,685 --> 00:17:44,313
If they move that
to June or July,

363
00:17:44,313 --> 00:17:47,231
I might go to it. I don't know.
I don't know if they'll

364
00:17:47,231 --> 00:17:49,401
just stick around with the same
maybe target. Yeah, that's

365
00:17:49,401 --> 00:17:53,321
that's a bit. Too early for me.
But no, I mean, so I will say

366
00:17:53,321 --> 00:17:56,657
I'm excited for you to meet
and increase the, the community

367
00:17:56,657 --> 00:17:59,368
that you're finding.
Do you find So let's fast forward

368
00:17:59,368 --> 00:18:00,996
a little bit to
a different topic. Actually,

369
00:18:00,996 --> 00:18:03,790
I want to talk about when I might
reach out to me and you

370
00:18:03,790 --> 00:18:05,709
actually connected
with these saying like, man,

371
00:18:05,709 --> 00:18:08,921
like I'm lonely, I'm lonely.
I want I want to like, that's it.

372
00:18:08,921 --> 00:18:11,507
I'm he's not to make
a lot of money.

373
00:18:11,507 --> 00:18:15,469
They kind of lost a bit back to
being a little bit more money.

374
00:18:15,469 --> 00:18:17,512
But in all this
he's like, you know what?

375
00:18:17,512 --> 00:18:20,807
I've always had this mentality of
I'll do it later, I'll leave,

376
00:18:20,807 --> 00:18:23,935
like I'll do my travelling later.
I'll, you know, connect

377
00:18:23,935 --> 00:18:25,813
with people later.
I'll just make it all up

378
00:18:25,813 --> 00:18:29,398
right now and then I can do that
like I guess is, well the lead is

379
00:18:29,398 --> 00:18:32,277
coming to, you know, to fruit
and being like, well, you know,

380
00:18:32,277 --> 00:18:34,529
I don't have a partner, you know,
you know, connecting me people.

381
00:18:34,529 --> 00:18:36,906
And he gets this,
at least personally for him.

382
00:18:36,906 --> 00:18:38,407
He's getting
into a mental space of,

383
00:18:38,407 --> 00:18:40,326
you know, I'm not worth it.
I feel like shit, I'm

384
00:18:40,326 --> 00:18:43,329
not good enough, etc.,
Which I guess rationally looking,

385
00:18:43,329 --> 00:18:45,289
I'll start talking to him.
Do we all get that?

386
00:18:45,289 --> 00:18:47,209
Everyone gets me more like
we all get this. That's

387
00:18:47,209 --> 00:18:50,045
not a unique thing to you.
They differ and you have to be.

388
00:18:50,045 --> 00:18:54,090
You know, the intensity can be.
It can wane and they can fry.

389
00:18:54,090 --> 00:18:57,301
Do you think there will be?
And there's a question back

390
00:18:57,301 --> 00:19:00,556
from the previous trip, 1819,
moving into this new trip

391
00:19:00,556 --> 00:19:03,307
that you're planning through,
is your potential for you

392
00:19:03,307 --> 00:19:07,563
to come back with?
Yes, a lot of positive feelings,

393
00:19:07,563 --> 00:19:11,232
but then sort of like the post
travel blues

394
00:19:11,232 --> 00:19:14,318
that comes afterwards sometimes.
Have you ever thought about it?

395
00:19:14,318 --> 00:19:16,363
Did you feel that
from your last trip at all?

396
00:19:16,363 --> 00:19:18,365
No, I. Never I don't think
I've ever felt that.

397
00:19:18,365 --> 00:19:20,741
I'm not sure what that would be
in reference to. Like what?

398
00:19:20,741 --> 00:19:23,077
What do you feel
and sad about that? Well, that's.

399
00:19:23,077 --> 00:19:24,328
Interesting.
If your life is ending,

400
00:19:24,328 --> 00:19:28,208
maybe, you know, I can kind of
get that, uh, depends.

401
00:19:28,208 --> 00:19:31,627
Depends what?
What you mean. Exactly. And maybe

402
00:19:31,627 --> 00:19:34,756
we're going to show you and not
we're not as mere mortal lights

403
00:19:34,756 --> 00:19:36,592
as we as we appear.
So I haven't really felt

404
00:19:36,592 --> 00:19:38,885
that way too much either.
There's, you know,

405
00:19:38,885 --> 00:19:41,930
there's the classic.
When someone wins a gold medal,

406
00:19:41,930 --> 00:19:44,057
it's home wins the championship.
Imposter syndrome.

407
00:19:44,057 --> 00:19:45,976
No, not imposter syndrome.
But we've never felt that.

408
00:19:45,976 --> 00:19:47,769
I don't understand.
What imposter syndrome,

409
00:19:47,769 --> 00:19:49,938
which I don't.
I mean, bites are shit

410
00:19:49,938 --> 00:19:52,273
denied imposter syndrome at all,
but it's more like

411
00:19:52,273 --> 00:19:55,568
you win something
and then it's like, Well,

412
00:19:55,568 --> 00:19:57,613
so what? Like now what now?
What do I do?

413
00:19:57,613 --> 00:19:59,405
What's my next big thing?
And there's a lot of

414
00:19:59,405 --> 00:20:01,700
documented things about people
who win things or where

415
00:20:01,700 --> 00:20:04,036
the top of the game
which them feel real depressed.

416
00:20:04,036 --> 00:20:06,246
Michael Phelps felt this after he
what like he was amazing.

417
00:20:06,246 --> 00:20:08,164
He went through like a massive
depression state. Yeah so

418
00:20:08,164 --> 00:20:10,291
I can see that blues
because you've succeed

419
00:20:10,291 --> 00:20:12,794
or something. It could.
And that's why I'll

420
00:20:12,794 --> 00:20:15,005
turn off for you because when you
if you went into your 1890

421
00:20:15,005 --> 00:20:17,215
and you succeeded, you did it.
And maybe again, you're going to

422
00:20:17,215 --> 00:20:18,674
go, you're probably going
to go do it and you going to

423
00:20:18,674 --> 00:20:20,259
accomplish everything.
And then when you get back

424
00:20:20,259 --> 00:20:23,180
home, it's like, okay, so what?
It sounds like you didn't

425
00:20:23,180 --> 00:20:25,682
have that experience last time
and perhaps won't have it

426
00:20:25,682 --> 00:20:29,978
this time either. Yeah, I mean.
Last time I think I've

427
00:20:29,978 --> 00:20:33,147
mentioned this. As soon as I flew
into the Chilean airport,

428
00:20:33,147 --> 00:20:35,776
I felt like I'd, I'd succeeded
and what I wanted to do,

429
00:20:35,776 --> 00:20:38,028
which was fly to another country
where I didn't

430
00:20:38,028 --> 00:20:39,695
speak the language,
and I was kind of

431
00:20:39,695 --> 00:20:45,076
terrified of doing that. And
it's just this bizarre experience

432
00:20:45,076 --> 00:20:47,996
of getting off the plane,
walking in the airport.

433
00:20:47,996 --> 00:20:49,873
You know, you're going down
this long tunnel

434
00:20:49,873 --> 00:20:51,375
and you turn left
and you turn right,

435
00:20:51,375 --> 00:20:53,751
and then you have to go to the
bloody Australian section

436
00:20:53,751 --> 00:20:55,586
because they don't like us
and we don't like them

437
00:20:55,586 --> 00:21:00,675
and there's an extra fee
and all this sort of stuff. And I

438
00:21:00,675 --> 00:21:05,055
yeah, I just remember being like,
I've done it a succeeded.

439
00:21:05,055 --> 00:21:07,057
But there's nothing.
Do you think you'll have

440
00:21:07,057 --> 00:21:09,226
a similar feeling
this time around.

441
00:21:09,226 --> 00:21:13,271
Will that be. No, no, no.
Because that one was very,

442
00:21:13,271 --> 00:21:16,692
there was a thing
I wanted needed to do,

443
00:21:16,692 --> 00:21:20,695
but I'm not sure I've ever
felt that from anything.

444
00:21:20,695 --> 00:21:24,324
You know, if I, if I did
had a great year soccer,

445
00:21:24,324 --> 00:21:26,826
if I got this job,
if I passed, you know,

446
00:21:26,826 --> 00:21:29,162
finally finished uni
or anything like that.

447
00:21:29,162 --> 00:21:31,580
And I think
I've never felt any blues

448
00:21:31,580 --> 00:21:33,666
per se afterwards,
probably because I've

449
00:21:33,666 --> 00:21:36,252
kind of always just got
other stuff going on.

450
00:21:36,252 --> 00:21:40,923
I guess if as, if, if anything,
I should have

451
00:21:40,923 --> 00:21:43,509
felt it when I came back
because I had nothing

452
00:21:43,509 --> 00:21:45,053
going on that
that was where I like.

453
00:21:45,053 --> 00:21:48,265
I came back from Latin America
and then it was like,

454
00:21:48,265 --> 00:21:51,684
What am I going to do now?
The next question

455
00:21:51,684 --> 00:21:57,648
I'm about to ask because there's
not of like sadness nor of

456
00:21:57,816 --> 00:21:59,692
like a warning
or anything on anything,

457
00:21:59,692 --> 00:22:03,321
but it's curiosity.
Do you feel like there might

458
00:22:03,321 --> 00:22:05,865
be a potential
that you get over there?

459
00:22:05,865 --> 00:22:07,451
Not maybe not Brazil,
because you're going

460
00:22:07,451 --> 00:22:09,411
to be with someone who's a friend
and you'll be along

461
00:22:09,411 --> 00:22:12,163
and then you'll start travelling
and you'll be somewhere else

462
00:22:12,163 --> 00:22:14,958
to get to a point like,
Man, I've kind of done

463
00:22:14,958 --> 00:22:17,376
this already. Why am I doing
this again? What?

464
00:22:17,376 --> 00:22:19,712
Like, you know, what am I
what am I actually

465
00:22:19,712 --> 00:22:22,632
doing this for? Could there be
a potential of that

466
00:22:22,632 --> 00:22:25,009
if you don't meet people?
No, not really.

467
00:22:25,009 --> 00:22:27,261
Because I could ask
the same thing about myself right

468
00:22:27,261 --> 00:22:28,930
now, you know?
Well, what am I doing?

469
00:22:28,930 --> 00:22:33,559
The podcast. Why? I'm at Health
one on this day. I'm that's

470
00:22:33,559 --> 00:22:37,605
kind of like the deep
life ones, which I guess. Yeah,

471
00:22:37,605 --> 00:22:40,150
they crop up every now and then,
but then not too much.

472
00:22:40,150 --> 00:22:42,109
Well, speak
to the more specifically. They do

473
00:22:42,109 --> 00:22:46,781
you get those feelings and just
deviate them away or do you

474
00:22:46,781 --> 00:22:49,576
get those feelings
and kind of rationalise.

475
00:22:49,576 --> 00:22:51,369
I guess if I'm
it's kind of move on.

476
00:22:53,246 --> 00:22:58,542
I don't think I particularly
experience them in in the sense

477
00:22:58,542 --> 00:23:03,464
that you're
you're asking right now so

478
00:23:04,340 --> 00:23:06,509
yeah, not particularly.
I don't see

479
00:23:06,509 --> 00:23:10,305
the difference between
uh, wondering

480
00:23:10,305 --> 00:23:13,933
what I'm doing in life
when I'm in El Salvador

481
00:23:13,933 --> 00:23:16,269
versus here
in Brisbane, Australia. Yeah,

482
00:23:16,269 --> 00:23:19,314
I think that's the same thing.
And these are, these are,

483
00:23:19,314 --> 00:23:22,692
these are it's I don't
even know how to say it's weed

484
00:23:22,692 --> 00:23:24,778
in the sense that
you're very different

485
00:23:24,778 --> 00:23:27,489
to me in the sense
of what you're finding

486
00:23:27,489 --> 00:23:29,532
there is exciting
would have been to me

487
00:23:29,532 --> 00:23:30,826
many years ago
doing something like,

488
00:23:30,826 --> 00:23:32,285
you know if I was single
and doing something different.

489
00:23:32,285 --> 00:23:35,413
Right? But we do
different things. But yet

490
00:23:35,413 --> 00:23:38,916
at the heart of it, we both have
this sort of feeling

491
00:23:38,916 --> 00:23:41,545
or maybe mindset
where it's kind of okay,

492
00:23:41,545 --> 00:23:42,921
like you could be here,
you could be doing

493
00:23:42,921 --> 00:23:46,048
something else. But we're not
really sitting

494
00:23:46,048 --> 00:23:47,675
in lamenting the fact
that we're not doing

495
00:23:47,675 --> 00:23:49,970
doing something else. Sure,
it happens every now and again,

496
00:23:49,970 --> 00:23:52,305
like you would say, Oh,
we should find somebody,

497
00:23:52,305 --> 00:23:54,766
but it's not eating you
your whole world up

498
00:23:54,766 --> 00:23:58,894
and you're not going into some
depressive state. Why? Why?

499
00:23:58,894 --> 00:24:00,564
For both of us
do we feel that way? Because

500
00:24:00,564 --> 00:24:02,148
generally, I guess I'm
just trying to think

501
00:24:02,148 --> 00:24:04,651
through myself and it's obviously
different reasons,

502
00:24:04,651 --> 00:24:07,528
but in similar senses.
I'm like, Man, it's fun.

503
00:24:07,528 --> 00:24:09,071
Like if I'm doing this,
there's a reason

504
00:24:09,071 --> 00:24:11,407
if it's all happening,
you've called it out.

505
00:24:11,407 --> 00:24:12,909
I might sit on it
for a little bit,

506
00:24:12,909 --> 00:24:15,202
a couple of minutes, but then
kind of go away and go,

507
00:24:15,202 --> 00:24:16,454
I think I've.
Got an answer for that.

508
00:24:16,454 --> 00:24:19,540
I would say it's because
it's probably one thing

509
00:24:19,540 --> 00:24:21,876
we're both relatively
good at is introspection.

510
00:24:21,876 --> 00:24:26,631
And it's not like you need to be
100% introspective all the time.

511
00:24:26,631 --> 00:24:28,674
It's kind of like a
course correction. So if you're

512
00:24:28,674 --> 00:24:30,676
flying a plane, you know,
I was looking at a plane

513
00:24:30,676 --> 00:24:33,221
the other day was
I was going like, Oh man, that

514
00:24:33,221 --> 00:24:35,557
plane is making a beeline
for wherever it's going

515
00:24:35,557 --> 00:24:37,558
because it's far away
enough from the airport

516
00:24:37,558 --> 00:24:40,228
now that it must be, you know,
they're trying to say

517
00:24:40,228 --> 00:24:43,815
fuel efficiency, that pilot is
is fucking going like, you know,

518
00:24:43,815 --> 00:24:46,902
exactly where it needs to go.
Yeah, but that autopilot

519
00:24:46,902 --> 00:24:49,945
is constantly doing
minor corrections and making sure

520
00:24:49,945 --> 00:24:53,991
that it's on that course.
And I kind of think introspection

521
00:24:53,991 --> 00:24:59,038
can kind of be like that
if you're if you got a rough idea

522
00:24:59,038 --> 00:25:01,458
of what you want in life,
you know, it doesn't need

523
00:25:01,458 --> 00:25:04,502
to be super solid. For me, it's
generally like

524
00:25:04,502 --> 00:25:08,048
to live a good life to
get through life.

525
00:25:08,048 --> 00:25:11,300
So that I don't end up
depressed or bitter

526
00:25:11,300 --> 00:25:13,720
or anything like that.
I think a good life,

527
00:25:13,720 --> 00:25:15,931
regardless of
all the other things

528
00:25:15,931 --> 00:25:20,184
that can happen, like cancer
or sudden deaths or, you know,

529
00:25:20,184 --> 00:25:22,604
financial things or whatever
it is, If you can do that,

530
00:25:22,604 --> 00:25:25,815
that's like, okay.
And introspection is a good way,

531
00:25:25,815 --> 00:25:29,986
a kind of course correcting that.
If I'm in the middle of Colombia

532
00:25:29,986 --> 00:25:32,739
like I was sometimes,
and I start to feel like,

533
00:25:32,739 --> 00:25:36,201
Oh, what am I doing here?
It's kind of

534
00:25:36,201 --> 00:25:39,037
having that introspection
and be like, Oh, well, you know,

535
00:25:39,037 --> 00:25:41,288
I've here, I've kind of met
a girl, I'm

536
00:25:41,288 --> 00:25:44,125
going to meet her again
in a couple of months time, and

537
00:25:44,125 --> 00:25:46,627
I'm still wanting to see these
different places

538
00:25:46,627 --> 00:25:50,214
and meet these people.
And I think having that kind of

539
00:25:50,214 --> 00:25:54,553
constant check in can kind of
and I'm saying kind of a lot here

540
00:25:54,553 --> 00:25:55,720
should stop doing that.
I know that

541
00:25:55,720 --> 00:25:59,307
a lot of like as well. Yeah it's
probably it's because it's

542
00:25:59,307 --> 00:26:01,351
one of those topics
I haven't thought of kind of

543
00:26:01,351 --> 00:26:05,188
coming up in the moment
kind of and the.

544
00:26:05,188 --> 00:26:09,483
Topic here for a second, what is
what is super interesting

545
00:26:09,483 --> 00:26:11,403
is that I took
a mate's call last night,

546
00:26:11,403 --> 00:26:14,489
very light and my feedback
to him about this very topic

547
00:26:14,489 --> 00:26:16,991
was the exact same thing.
Not exactly what I said.

548
00:26:16,991 --> 00:26:19,536
I said, Look, to be frank,
you're going through

549
00:26:19,536 --> 00:26:20,412
this mindset,
you're going through

550
00:26:20,412 --> 00:26:24,124
all these things and thinking
all negatively and whatnot,

551
00:26:24,124 --> 00:26:26,917
introspection and perspective,
because yes, you feel that way

552
00:26:26,917 --> 00:26:28,336
when you're negative.
And I guess this is more

553
00:26:28,336 --> 00:26:30,672
from that from a broader base
like comment. Yes.

554
00:26:30,672 --> 00:26:32,214
When you feel like shit, well,
you're going to go and think

555
00:26:32,214 --> 00:26:34,009
through all these
bad path and whatnot.

556
00:26:34,009 --> 00:26:37,636
But I was saying to him
was, you know, in it

557
00:26:37,636 --> 00:26:39,013
what becomes good
is because I knew

558
00:26:39,013 --> 00:26:41,432
that he was doing a little bit
of meditation a while ago.

559
00:26:41,432 --> 00:26:43,309
Stop doing it
quite a bit as I look.

560
00:26:43,309 --> 00:26:45,353
Have you reflected on
when you're feeling this way,

561
00:26:45,353 --> 00:26:46,563
when you're thinking
these particular

562
00:26:46,563 --> 00:26:48,189
negative thoughts
that are not useful?

563
00:26:48,189 --> 00:26:49,982
Have you thought about it
when you're in a better state

564
00:26:49,982 --> 00:26:52,443
or in a positive light
Because you sure as fuck

565
00:26:52,443 --> 00:26:53,944
don't think about it
like that, right? You only

566
00:26:53,944 --> 00:26:55,488
think about it then. And when you
actually reflect

567
00:26:55,488 --> 00:26:57,198
and I go all right,
that's actually doesn't

568
00:26:57,198 --> 00:26:59,617
what I really think. That's just
my emotional sense

569
00:26:59,617 --> 00:27:01,786
at that particular point
in time and so on.

570
00:27:01,786 --> 00:27:04,330
You guys and me, you both
have got that experience.

571
00:27:04,330 --> 00:27:07,250
You know, you have experiences
when you you'll be damned,

572
00:27:07,250 --> 00:27:08,585
you'll have
you'll be at a bad time.

573
00:27:08,585 --> 00:27:10,628
You'll feel like
I'm not worth a job

574
00:27:10,628 --> 00:27:12,047
even doing this.
What the fuck am I doing?

575
00:27:12,047 --> 00:27:13,923
Do I look like a fool?
And then you'll be on

576
00:27:13,923 --> 00:27:15,592
top of the world.
You'll do something really nice

577
00:27:15,592 --> 00:27:19,929
and you'll be like, Oh, fucking
this is wonderful. And so maybe.

578
00:27:19,929 --> 00:27:22,723
Maybe that is
one superpower that we maybe it's

579
00:27:22,723 --> 00:27:25,934
not a parent to us both, but that
we do really well, which is,

580
00:27:25,934 --> 00:27:29,271
you know, respect
like retrospect thing on things,

581
00:27:29,271 --> 00:27:31,148
introspective on a few
different things. And we do it in

582
00:27:31,148 --> 00:27:33,817
different ways, like I do it now.
I guess specifically,

583
00:27:33,817 --> 00:27:35,278
if you want to define it,
how do we do it?

584
00:27:35,278 --> 00:27:38,073
I do journaling daily.
What it's come down to.

585
00:27:38,073 --> 00:27:42,868
For me, it's mind, body and soul.
I give it a ranking out of 515.

586
00:27:42,868 --> 00:27:45,454
I type in three things.
I'm grateful to die normally.

587
00:27:45,454 --> 00:27:47,915
I'll do it the day afterwards in
the morning, and also just

588
00:27:47,915 --> 00:27:51,502
pull nights. And I also have
another column for Vienna.

589
00:27:51,502 --> 00:27:53,505
So like, actually thinks about
what's happened to her life.

590
00:27:53,505 --> 00:27:56,633
And that's a good one.
And then just my hours of slept,

591
00:27:56,633 --> 00:27:58,425
that's it.
But that is enough time

592
00:27:58,425 --> 00:28:00,970
reflecting about plus I do a
monthly reflection. There's an

593
00:28:00,970 --> 00:28:02,471
annual reflection. There's a lot
of reflection.

594
00:28:02,471 --> 00:28:04,641
That's how I do it.
How, how do yours look like?

595
00:28:04,641 --> 00:28:07,477
That has shifted much.
From what I know, it's shifted,

596
00:28:07,477 --> 00:28:11,522
but right now very.
Very vague at the moment.

597
00:28:11,522 --> 00:28:16,986
I wake up in the morning
and I'll spend half a minute just

598
00:28:16,986 --> 00:28:19,154
just breathing in and out,
just trying to follow

599
00:28:19,154 --> 00:28:22,450
the breath of it. That's kind
of my meditation at this moment,

600
00:28:22,450 --> 00:28:25,994
and it's not as strong as it used
to be where

601
00:28:25,994 --> 00:28:30,040
I would have dedicated time.
So of meditation,

602
00:28:30,040 --> 00:28:33,127
of making sure I'm journaling
in this particular way,

603
00:28:33,127 --> 00:28:36,423
I once again, I think this
comes in waves

604
00:28:36,423 --> 00:28:38,340
and maybe it's something
that will be more useful

605
00:28:38,340 --> 00:28:40,634
in six months
time, eight months time.

606
00:28:40,634 --> 00:28:42,636
I'm actually thinking,
guess what? I want

607
00:28:42,636 --> 00:28:45,181
to start another podcast.
Another one? Yeah,

608
00:28:45,181 --> 00:28:49,935
I was thinking of a journal slash
Miyamoto's International

609
00:28:49,935 --> 00:28:52,146
or OMI models, hobbies
or something like that.

610
00:28:52,146 --> 00:28:53,897
I mean, if. I could.
I mean, if you do it

611
00:28:53,897 --> 00:28:55,900
minimalist journal,
I'll join, I'll join you

612
00:28:55,900 --> 00:28:57,861
in adding to that stuff.
So I definitely just use things

613
00:28:57,861 --> 00:28:59,738
that I've got in there.
Yeah, like I'm already

614
00:28:59,738 --> 00:29:02,156
creating content, so we could
leverage that, but.

615
00:29:02,156 --> 00:29:06,243
Definitely more just a this is
blurting out whatever's

616
00:29:06,243 --> 00:29:09,372
kind of going through my head
at the moment.

617
00:29:09,372 --> 00:29:13,209
A funny observation things
because we're doing this

618
00:29:13,209 --> 00:29:15,252
meanderings one
a little bit less.

619
00:29:16,546 --> 00:29:20,592
It's kind of nice to have that
internal thoughts kind of

620
00:29:20,592 --> 00:29:24,887
just be able to come out,
which I think vague thing in the

621
00:29:24,887 --> 00:29:27,390
in the future. Not just nothing.
I think nothing. Too much

622
00:29:27,390 --> 00:29:30,351
about it right now. Yeah.
And, and yeah,

623
00:29:30,351 --> 00:29:35,647
it is nice to be able to
still have those learnings

624
00:29:35,647 --> 00:29:39,027
that I took from
when I did meditation a lot more

625
00:29:39,027 --> 00:29:41,863
yesterday for example,
sorry, Friday.

626
00:29:41,863 --> 00:29:45,325
Had amazing. Work out.
One of the best I've had.

627
00:29:45,325 --> 00:29:49,871
I had a really shitty one,
one of the worst I had in ages

628
00:29:49,871 --> 00:29:51,873
when it was probably
two weeks ago. Okay,

629
00:29:51,873 --> 00:29:54,666
this one here was one of the best
I've had in years.

630
00:29:54,666 --> 00:29:59,338
And half out of ten.
It was about that. Yeah. And

631
00:29:59,338 --> 00:30:02,008
what was it that triggered it?
I'm not particularly sure.

632
00:30:02,008 --> 00:30:05,553
I went to Bulimba by the river.
I was on my own just playing

633
00:30:05,553 --> 00:30:07,806
the music loud.
The sun was beautiful,

634
00:30:07,806 --> 00:30:11,851
just like today. And I was going,
Oh man, this is just this is.

635
00:30:11,851 --> 00:30:13,811
Well, there's living.
It's so good.

636
00:30:13,811 --> 00:30:17,190
Just pump the music, play
some Skrillex loud as I could

637
00:30:17,190 --> 00:30:20,734
was so awesome. And and
I just felt really strong

638
00:30:20,734 --> 00:30:22,903
that day as well, which helped.
And my balance

639
00:30:22,903 --> 00:30:27,616
was really on point and I Yes.
Spent some minutes

640
00:30:27,616 --> 00:30:30,369
just during that session
just as I'm just resting

641
00:30:30,369 --> 00:30:33,288
just sitting there going that
and this is this is good

642
00:30:33,288 --> 00:30:36,542
to appreciate this moment
because it it comes around

643
00:30:36,542 --> 00:30:38,627
so infrequently. Well,
I want to capture

644
00:30:38,627 --> 00:30:40,880
this one right here. Yeah.
And let me let me give you

645
00:30:40,880 --> 00:30:42,382
let me try to put it
into practical terms.

646
00:30:42,382 --> 00:30:43,924
A few thoughts going on here.
So I'm going to try

647
00:30:43,924 --> 00:30:46,469
and capture the moment.
So there's a as a comparable

648
00:30:46,469 --> 00:30:48,304
thing to this,
which is when you try

649
00:30:48,304 --> 00:30:50,056
to put your kids to bed. Right.
And you'll find out

650
00:30:50,056 --> 00:30:51,598
there's one day
when you get to bed

651
00:30:51,598 --> 00:30:53,643
and the first time
they ever sleep 8 hours

652
00:30:53,643 --> 00:30:56,186
and you go, shit,
they're wearing this.

653
00:30:56,186 --> 00:30:58,230
There was this time again.
We had this time

654
00:30:58,230 --> 00:31:00,357
we did those late, nice.
And then, you know, in your mind

655
00:31:00,357 --> 00:31:03,778
you go, okay, well,
I can repeat that. The hypothesis

656
00:31:03,778 --> 00:31:05,488
this year I did this,
I slept this much

657
00:31:05,488 --> 00:31:07,906
and I do it again
and then I do it right.

658
00:31:07,906 --> 00:31:10,034
So you kind of then later on,
as you go through. Okay, Now

659
00:31:10,034 --> 00:31:12,119
I just it's by chance
that it can happen,

660
00:31:12,119 --> 00:31:14,497
maybe work out. But some things,
obviously, if you feed them

661
00:31:14,497 --> 00:31:16,749
the right time, that does help
some of the things like what

662
00:31:16,749 --> 00:31:19,961
they're wearing. You know,
it's a less of a variable.

663
00:31:19,961 --> 00:31:23,256
So there's that one aspect of the
sometimes you might think

664
00:31:23,256 --> 00:31:25,674
that you influencing it,
but sometimes it isn't.

665
00:31:25,674 --> 00:31:28,595
But there is another
is that there's a like I guess

666
00:31:28,595 --> 00:31:32,347
an idea around luck. And luck
is definitely influenced

667
00:31:32,347 --> 00:31:35,351
in some ways
by the amount of times or the

668
00:31:35,351 --> 00:31:38,270
the net that you throw out
to catch some luck.

669
00:31:38,270 --> 00:31:40,856
And the more repetitions
you put in certain things,

670
00:31:40,856 --> 00:31:42,775
the more likely going to be lucky
to find one of those

671
00:31:42,775 --> 00:31:47,363
good days. So, you know, was it
did you influence the fact

672
00:31:47,363 --> 00:31:49,198
that two weeks ago
you had a really terrible workout

673
00:31:49,198 --> 00:31:50,991
and then two weeks later?
Yeah, it was a freakin

674
00:31:50,991 --> 00:31:54,162
smashing world. Exact
same workout as well. Not really

675
00:31:54,162 --> 00:31:57,039
like part of it. So there's some
percentage of of the human

676
00:31:57,039 --> 00:31:58,415
of the mere old
that influenced it

677
00:31:58,415 --> 00:32:01,169
to be such a thing
because you discipline,

678
00:32:01,169 --> 00:32:03,462
because you put in the effort
of eating whatever it might be.

679
00:32:03,462 --> 00:32:05,839
But sometimes it's just the fact
that you put in the reps over

680
00:32:05,839 --> 00:32:08,259
many years to allow
for more potential

681
00:32:08,259 --> 00:32:10,094
for the lucky ness. I have
a fantastic session

682
00:32:10,094 --> 00:32:12,221
and it is, you know,
if you hadn't gone out

683
00:32:12,221 --> 00:32:14,515
on that day to do the workout,
then you wouldn't

684
00:32:14,515 --> 00:32:16,392
have had a fantastic that's it.
Even if you felt

685
00:32:16,392 --> 00:32:17,894
fricking amazing,
you wouldn't have.

686
00:32:17,894 --> 00:32:20,730
That the day before I took off
because I was

687
00:32:20,730 --> 00:32:24,025
the day that Lucas left.
And so I had woken up

688
00:32:24,025 --> 00:32:26,736
and because I had an alarm set
for the first time in

689
00:32:26,736 --> 00:32:30,280
six months, I, I was,
I had a bad night's sleep

690
00:32:30,280 --> 00:32:31,782
because I was thinking
about the alarm

691
00:32:31,782 --> 00:32:33,116
and I had a slight
crick in the neck.

692
00:32:33,116 --> 00:32:36,537
So I took the day off before
and that was I thought,

693
00:32:36,537 --> 00:32:38,538
you know, might be good
to just take

694
00:32:38,538 --> 00:32:40,458
one more day off this.
I've still got something

695
00:32:40,458 --> 00:32:42,669
a little bit in my neck,
I still got something

696
00:32:42,669 --> 00:32:45,755
a little bit on my side,
but I went, Now this is

697
00:32:45,755 --> 00:32:48,007
this is manageable.
You've worked out

698
00:32:48,007 --> 00:32:50,759
through much worse
stuff than this. Yeah, but, but

699
00:32:50,759 --> 00:32:52,761
and so then it gets me
back to this point.

700
00:32:52,761 --> 00:32:54,221
So I was trying to
start to see how to

701
00:32:54,221 --> 00:32:57,642
how do walk this and because what
I've seen a lot of our goals

702
00:32:57,642 --> 00:32:59,143
and the way
that we talk about things

703
00:32:59,143 --> 00:33:00,728
and in the way that you're
reflecting on the day,

704
00:33:00,728 --> 00:33:04,691
similar to me, it's moved a lot
from the quantitative

705
00:33:04,691 --> 00:33:06,651
sort of aspect of it
to more qualitative

706
00:33:06,651 --> 00:33:09,194
checks, right?
But the only reason

707
00:33:09,194 --> 00:33:11,071
we've been able to do it
and I wouldn't, you know,

708
00:33:11,071 --> 00:33:12,280
because sometimes
when you get so far

709
00:33:12,280 --> 00:33:13,865
down the track of
doing something,

710
00:33:13,865 --> 00:33:15,701
you can't really explain
to someone how to begin it

711
00:33:15,701 --> 00:33:17,662
because it is
very different for this.

712
00:33:17,662 --> 00:33:20,623
I kind of have an idea. It is.
You don't go all the way

713
00:33:20,623 --> 00:33:23,250
to the call it a qualitative,
like way out. Now, No, you start

714
00:33:23,250 --> 00:33:26,378
the quantitative y between hours
we've probably done

715
00:33:26,378 --> 00:33:30,090
of self self-reflection
more than 6000 times. Right.

716
00:33:30,090 --> 00:33:32,050
That's a lot.
That's a hell of a ton

717
00:33:32,050 --> 00:33:34,929
of self-reflection at that point.
You've got enough

718
00:33:34,929 --> 00:33:37,515
reps in the bank that you can be
more qualitative. You don't need

719
00:33:37,515 --> 00:33:40,601
to be putting the exactness
of your hours of this

720
00:33:40,601 --> 00:33:43,563
and whatever you know,
you just know how it's tracking

721
00:33:43,563 --> 00:33:45,314
and you can be a little bit
more qualitative

722
00:33:45,314 --> 00:33:49,109
and be more efficient with it.
Slash know what's important,

723
00:33:49,109 --> 00:33:51,403
but when you're beginning
know that isn't the case of get

724
00:33:51,403 --> 00:33:53,655
really quantitative
get really specific measure it

725
00:33:53,655 --> 00:33:55,700
get all those things
that at the beginning.

726
00:33:55,700 --> 00:33:56,867
So I think there's
a differentiation

727
00:33:56,867 --> 00:33:58,952
between those two for sure.
Same with counting macros

728
00:33:58,952 --> 00:34:02,414
I feel. Yep, that's. A great one
where you here's an example.

729
00:34:02,414 --> 00:34:05,375
Now I haven't counted
macros for a year plus I don't

730
00:34:05,375 --> 00:34:08,378
and I just roughly know
exactly how much. Like I kind of

731
00:34:08,378 --> 00:34:11,173
can give you a range
of my calories and I'm eating

732
00:34:11,173 --> 00:34:13,885
and that I'm expending fine.
I'm not calculating.

733
00:34:13,885 --> 00:34:17,804
That always is built up on
now 15 years plus of actually

734
00:34:17,804 --> 00:34:21,184
doing on and off calorie counting
in some way, shape or form,

735
00:34:21,184 --> 00:34:23,561
whether it's been
very meticulous or just,

736
00:34:23,561 --> 00:34:27,356
Yeah, here and there.
So yeah, definitely. All right.

737
00:34:27,356 --> 00:34:29,233
Another exciting Oh. Here we go.
It's actually

738
00:34:29,233 --> 00:34:31,652
going to be exciting.
Now, I will point out, folks,

739
00:34:31,652 --> 00:34:33,905
it isn't to me, but that's an
exciting thing when you can

740
00:34:33,905 --> 00:34:35,822
actually take off it
for seven months. That's

741
00:34:35,822 --> 00:34:38,409
that's a cool thing.
The Booster Graham ball

742
00:34:38,409 --> 00:34:41,204
this is what this is a moment
I think is

743
00:34:41,204 --> 00:34:44,498
what's going to come down
in history. History has happened

744
00:34:44,498 --> 00:34:47,710
this last weekend and I missed it
of course, fuck you astray.

745
00:34:47,710 --> 00:34:50,170
This is one reason why
I wouldn't move to El Salvador

746
00:34:50,170 --> 00:34:52,715
just for this. Because that time
zone things you miss all

747
00:34:52,715 --> 00:34:54,759
the cool stuff. Sure.
That is a good point.

748
00:34:54,759 --> 00:34:57,719
The booster ground bowl is a
I guess I'd call it

749
00:34:57,719 --> 00:35:00,472
a music podcast by Adam Kyrie.
He started it up

750
00:35:00,472 --> 00:35:04,851
this last weekend and. Basically.
It's kind of the culmination

751
00:35:04,851 --> 00:35:09,315
of the last three years
of what he's been working on

752
00:35:09,315 --> 00:35:12,943
and if you want to really
include it, his whole life

753
00:35:12,943 --> 00:35:16,447
and basically what it is, it's
a, it's a podcast where he plays

754
00:35:16,447 --> 00:35:19,199
music, it's
basically a radio DJ set.

755
00:35:19,199 --> 00:35:22,744
But all of these songs are songs
that people have put up

756
00:35:22,744 --> 00:35:26,916
on to wear black or as a wave
like as a as an RSS.

757
00:35:26,916 --> 00:35:29,835
And so they're participating in
the value for value model.

758
00:35:29,835 --> 00:35:32,380
So all of them
have a lightning feed

759
00:35:32,380 --> 00:35:36,509
in their RSS and just due to
some crazy tech,

760
00:35:37,552 --> 00:35:40,179
it's absurd how all
this stuff works.

761
00:35:40,179 --> 00:35:43,516
He plays places. Caveat
this is a crazy for you

762
00:35:43,516 --> 00:35:47,853
or is it genuinely crazy in the
in the stream of technology

763
00:35:47,853 --> 00:35:50,313
and it's pretty. It I'm.
Like are you are

764
00:35:50,313 --> 00:35:54,360
you amazed buying or are techie
people amazed by it?

765
00:35:54,360 --> 00:35:57,822
Well be. Honestly. I don't know
who gets to decide

766
00:35:57,822 --> 00:36:00,907
what's a techie person. You don't
want to take it person,

767
00:36:00,907 --> 00:36:03,494
but if someone was like
a developer from 20 years

768
00:36:03,494 --> 00:36:06,121
is saw this
and went, Whoa, I guess.

769
00:36:06,121 --> 00:36:10,458
Dave Jones is without developer
for ages.

770
00:36:10,458 --> 00:36:14,045
He's been on this stuff.
And yeah, I'd say the acronyms

771
00:36:14,045 --> 00:36:16,507
that we're using were
well, acronyms. The adjectives

772
00:36:16,507 --> 00:36:20,469
that we're using were amazing,
crazy, that sort of stuff.

773
00:36:20,469 --> 00:36:27,851
So I think so. Adam Curry
helped invent podcasting.

774
00:36:27,851 --> 00:36:31,230
He's saying it's amazing.
He's his slightly techie.

775
00:36:31,230 --> 00:36:33,648
He's is not writing
code himself, but he he knows

776
00:36:33,648 --> 00:36:41,199
a lot of the stuff. Anyway.
What this this does is it's it's

777
00:36:41,199 --> 00:36:44,534
trying to capture exactly why
I think it's revolutionary

778
00:36:44,534 --> 00:36:48,581
in a sense. A revolutionary
or evolutionary.

779
00:36:48,581 --> 00:36:51,458
Revolutionary revolution.
I think it's I think this

780
00:36:51,458 --> 00:36:55,630
will be viewed as just as
kind of a pivotal thing

781
00:36:55,630 --> 00:36:59,925
as as podcasting was as
as it's become.

782
00:36:59,925 --> 00:37:02,802
So, yes, in two years
time, people will

783
00:37:02,802 --> 00:37:05,847
look at this thing
and go, wow, yeah, it's still

784
00:37:05,847 --> 00:37:10,268
it's just a different change.
But I think this is a step change

785
00:37:10,268 --> 00:37:13,438
as as what he's done now.
And and basically

786
00:37:13,438 --> 00:37:14,773
I haven't explained it
well because

787
00:37:14,773 --> 00:37:19,527
what keeps interrupting it's it's
a way for musicians to make money

788
00:37:19,527 --> 00:37:22,447
from their audience
without having to go through the

789
00:37:22,447 --> 00:37:26,911
music industry, which
which is Ascot, BMI,

790
00:37:27,286 --> 00:37:32,416
shit, Spotify, earnings deals.
I think all of that

791
00:37:32,416 --> 00:37:35,085
incentives the way
it's structured and set up

792
00:37:36,128 --> 00:37:39,340
it, it's not great for musicians.
I haven't had a firsthand

793
00:37:39,340 --> 00:37:42,969
experience of it because I'm
not a musician, but

794
00:37:42,969 --> 00:37:44,887
the general vibe
I get is it's good

795
00:37:44,887 --> 00:37:47,056
if you're on the very top
and if you're in the long

796
00:37:47,056 --> 00:37:49,849
tail, yet
you're shit out of luck.

797
00:37:49,849 --> 00:37:53,980
You barely make any money
from 100,000 streams of a song,

798
00:37:53,980 --> 00:37:56,065
which is pretty fucking good.
Yeah, that's

799
00:37:56,065 --> 00:37:57,900
that's a lot of people
tuning in and listening

800
00:37:57,900 --> 00:38:00,652
or a dedicated bunch
tuning in and listening.

801
00:38:00,652 --> 00:38:03,655
A lot of time. In either case,
you don't

802
00:38:03,655 --> 00:38:07,659
get any money from that.
And so what it does is basically

803
00:38:07,659 --> 00:38:11,831
when he plays the song,
it's the value swayed

804
00:38:11,831 --> 00:38:13,541
switches over.
So as I was listening

805
00:38:13,541 --> 00:38:15,835
and just had my normal
streaming amount set up

806
00:38:15,835 --> 00:38:20,172
that went to the musicians,
so he played maybe ten songs

807
00:38:20,172 --> 00:38:22,132
that whole time.
The money I was sending

808
00:38:22,132 --> 00:38:24,927
was going through
to these different musicians and.

809
00:38:26,469 --> 00:38:32,226
I'm. I'm. So. Certain of this
of, of how crazy this is.

810
00:38:32,226 --> 00:38:35,771
I'm willing to make a bet. And so
I'm just chucking this out there.

811
00:38:35,771 --> 00:38:39,817
Millions that bet
and I'm not sure what time period

812
00:38:39,817 --> 00:38:42,402
I was initially saying
when I'm five, but then I went,

813
00:38:42,402 --> 00:38:46,114
Now I'll make it out to 40.
So that's that's, you know,

814
00:38:46,114 --> 00:38:49,076
about eight years time think
because I think this stuff

815
00:38:49,076 --> 00:38:53,539
takes a long time and I will bet
that Spotify is bankrupt

816
00:38:53,539 --> 00:38:57,960
or has been sold on
or is a shell of its former self

817
00:38:57,960 --> 00:39:01,255
in eight years time.
When I turned 40,

818
00:39:01,255 --> 00:39:06,010
I had an obvious time,
I guess, and no one needs to be

819
00:39:06,010 --> 00:39:07,302
come on the other
side of this bet,

820
00:39:07,302 --> 00:39:11,349
I'll throw it up as a
you know, I'll give it to the

821
00:39:11,349 --> 00:39:13,516
me models or I'll do
something with it.

822
00:39:13,516 --> 00:39:19,023
But yeah, new in taxes and it's
much like biology did.

823
00:39:19,023 --> 00:39:20,733
This is more of a signalling
rather than

824
00:39:20,733 --> 00:39:22,902
the actual bed itself.
It's just a.

825
00:39:22,902 --> 00:39:25,820
Much more poorer version.
But of course, you know,

826
00:39:25,820 --> 00:39:30,992
maybe a million sets in
this time. Is. Actually

827
00:39:30,992 --> 00:39:32,744
not a million bucks, but.
Hyperinflation hits

828
00:39:32,744 --> 00:39:34,288
four grand, five.
Grand an equivalent.

829
00:39:34,288 --> 00:39:36,664
So that is not
that would be nice.

830
00:39:36,664 --> 00:39:40,960
In today's money, it's about 400
and something, 440 AUD. Yup. Yes.

831
00:39:40,960 --> 00:39:45,340
And I yeah, it's it's
hard to explain. You'll hear

832
00:39:45,340 --> 00:39:48,969
more of this over
the coming coming months but I.

833
00:39:48,969 --> 00:39:51,597
Watched over the coming months
both the boost.

834
00:39:51,597 --> 00:39:57,061
I think just musicians
starting to see how there's

835
00:39:57,061 --> 00:40:03,358
a better model out there than the
current one that's set up. And by

836
00:40:03,358 --> 00:40:05,235
musicians, I'm
assuming your meaning,

837
00:40:05,235 --> 00:40:09,239
not the already wealthy ones.
It can work for them

838
00:40:09,239 --> 00:40:12,034
and I think it will work
for some of them, especially

839
00:40:12,034 --> 00:40:15,704
back catalogues that they earn,
things like that.

840
00:40:15,704 --> 00:40:18,416
That they truly own,
or there's already.

841
00:40:18,416 --> 00:40:22,420
They truly own, that they
they have exclusive rights to

842
00:40:22,420 --> 00:40:27,007
those. And once again, if you're
a big musician, that's

843
00:40:27,007 --> 00:40:30,844
probably hard to say because it's
it's controlled by

844
00:40:30,844 --> 00:40:33,806
the band and the manager.
And that's

845
00:40:33,806 --> 00:40:35,557
why I disagree with you,
because really, really

846
00:40:35,557 --> 00:40:38,643
big musicians,
they make a fucking

847
00:40:38,643 --> 00:40:41,605
truckload of money
in the existing system, right?

848
00:40:41,605 --> 00:40:44,358
Yeah, that's no doubt about that.
And everyone else

849
00:40:44,358 --> 00:40:45,900
just gets absolutely
gypped, right?

850
00:40:45,900 --> 00:40:47,318
You either making it
right on the top

851
00:40:47,318 --> 00:40:50,614
or you just screwed
relatively soon.

852
00:40:50,614 --> 00:40:52,782
But in this new system,
at least how I understand

853
00:40:52,782 --> 00:40:55,369
it is it's more,
it's more normalising

854
00:40:55,369 --> 00:40:57,746
in the sense that, hey,
a lot of people can make a living

855
00:40:57,746 --> 00:41:01,000
out of it. Let's look at Snoop
Dogg, for example. That dude's

856
00:41:01,000 --> 00:41:04,420
wealthy as far
and he still succeeds

857
00:41:04,420 --> 00:41:06,672
in the current system,
from what I can tell.

858
00:41:06,672 --> 00:41:10,634
Yet he has been very,
very interested in nfts and music

859
00:41:10,634 --> 00:41:13,512
things and Web3 and all that
sort of stuff.

860
00:41:14,472 --> 00:41:18,184
I personally don't think
that's the way to go and where

861
00:41:18,184 --> 00:41:20,686
the big revolution
will happen. Hmm.

862
00:41:20,686 --> 00:41:21,936
I feel like something
needs to happen

863
00:41:21,936 --> 00:41:25,900
with the music industry.
It's it's so bad that

864
00:41:25,900 --> 00:41:29,695
it causes so much pain
to the musicians that

865
00:41:29,695 --> 00:41:32,947
small musicians that they
need to do something

866
00:41:32,947 --> 00:41:36,744
and they're willing to experiment
and try different things. Yeah.

867
00:41:36,744 --> 00:41:38,871
I think it'll personally come
from this kind of value

868
00:41:38,871 --> 00:41:41,956
for value music, but,
you know, once again,

869
00:41:41,956 --> 00:41:45,376
the point of the bad, it's
just just me

870
00:41:45,376 --> 00:41:48,880
staking out my my stake
and saying I think this moment in

871
00:41:48,880 --> 00:41:52,342
in ten years time will be
a pretty big moment. Yeah. Okay.

872
00:41:52,342 --> 00:41:55,137
Yeah. I don't I don't see that
being the case.

873
00:41:55,137 --> 00:41:58,349
I don't see Spotify
or an equivalent becoming a

874
00:41:58,349 --> 00:42:00,809
shell of itself.
In particular, Spotify

875
00:42:00,809 --> 00:42:02,936
and Apple is different
because they've got

876
00:42:02,936 --> 00:42:06,565
the whole Apple brand,
you know, the phones, the all

877
00:42:06,565 --> 00:42:08,442
that sort of stuff.
Amazon's different

878
00:42:08,442 --> 00:42:11,987
because they've got all the box,
you know, the physical retailers

879
00:42:11,987 --> 00:42:16,032
that dominate the marketplace
and things like that. And Spotify

880
00:42:16,032 --> 00:42:19,577
is uniquely fucked,
I think, because they rely on

881
00:42:19,577 --> 00:42:25,793
the podcasting and, and the,
the royalties to the music.

882
00:42:25,793 --> 00:42:30,380
So yeah, I'm, I'm in
particular Spotify, I think

883
00:42:30,380 --> 00:42:33,050
are going to struggle
over the next 510 years.

884
00:42:33,050 --> 00:42:34,592
That's an interesting
thought I think you're missing

885
00:42:34,592 --> 00:42:37,804
I think you're
the differentiation between them

886
00:42:37,804 --> 00:42:39,306
unless they adopt
value for value. Well, that's

887
00:42:39,306 --> 00:42:40,849
I mean, between
a model and a company

888
00:42:40,849 --> 00:42:42,141
is a very different thing
now that could get

889
00:42:42,141 --> 00:42:45,271
in the way of Kodak where they do
not decide to change their

890
00:42:45,271 --> 00:42:47,690
got in the way of Blockbuster.
They do not the site change

891
00:42:47,690 --> 00:42:50,025
could happen again. They decide
not to change. And then of course

892
00:42:50,025 --> 00:42:53,112
that could happen for sure.
Then I follow innovation and then

893
00:42:53,112 --> 00:42:55,780
you get overtaken. Yeah.
I should caveat that

894
00:42:55,780 --> 00:42:59,076
if if you think because. If if.
If they don't value for valuable,

895
00:42:59,076 --> 00:43:01,704
obviously that
I think they'll succeed.

896
00:43:01,704 --> 00:43:04,081
To be frank and what I
foresee to happen

897
00:43:04,081 --> 00:43:08,293
what I think may happen
right and I think I've all of

898
00:43:08,293 --> 00:43:10,545
I've established
to my mind is that if the

899
00:43:10,545 --> 00:43:15,009
value for value mentality or the
way that it works, right,

900
00:43:15,009 --> 00:43:16,927
the actual system or the
implementation of it

901
00:43:16,927 --> 00:43:20,222
succeeds enough that it starts
taking away percentages

902
00:43:20,222 --> 00:43:22,224
from the really
big players by like it's

903
00:43:22,224 --> 00:43:26,186
a significant amount.
What I just see as overwhelmingly

904
00:43:26,186 --> 00:43:28,856
obvious is these players
have much more money

905
00:43:28,856 --> 00:43:31,442
to just buy it all out
and hopefully keep

906
00:43:31,442 --> 00:43:33,985
that system in play or they could
just crush it and throw it away.

907
00:43:33,985 --> 00:43:37,739
What do you mean by buy
it all out? There is a there

908
00:43:37,739 --> 00:43:39,324
could be a potential.
You may come in

909
00:43:39,324 --> 00:43:42,494
and kind of buy fountain
or buy, correct? Yeah.

910
00:43:42,494 --> 00:43:44,538
Or all the connectivity
that comes along with it.

911
00:43:44,538 --> 00:43:46,706
Now, there are there are
ways that those have

912
00:43:46,706 --> 00:43:48,375
also been structured
that kind of disallows

913
00:43:48,375 --> 00:43:52,420
that, right? Yeah,
it doesn't doesn't incentivise

914
00:43:52,420 --> 00:43:53,547
it as well for a company
because it's

915
00:43:53,547 --> 00:43:55,215
not structured for it
to make as much money

916
00:43:55,215 --> 00:43:57,885
as possible either.
So I don't know, don't

917
00:43:57,885 --> 00:43:59,594
I don't think that
it would result in

918
00:43:59,594 --> 00:44:02,472
like I wouldn't
have put that bet, but I'm not.

919
00:44:02,472 --> 00:44:04,599
I get where the mentality
is coming from and I do think

920
00:44:04,599 --> 00:44:07,353
that there's going to be a shift
in the landscape of music

921
00:44:07,353 --> 00:44:10,146
listening over next to Yeah,
I put a bet on that for absolute.

922
00:44:10,146 --> 00:44:13,900
Certain the how I was looking
at the Spotify as earnings

923
00:44:13,900 --> 00:44:17,112
calls this last quarter
and then I went and looked back

924
00:44:17,112 --> 00:44:20,239
in the annual reports.
First of all, U.S. annual reports

925
00:44:20,239 --> 00:44:24,036
are ugly as fuck. I don't know
if it's intentionally made

926
00:44:24,036 --> 00:44:27,789
that maybe a legal requirement
to make ugly as fuck

927
00:44:27,789 --> 00:44:31,126
because they look
kind of similar.

928
00:44:31,126 --> 00:44:33,545
Is the I don't I think.
Spotify wasn't

929
00:44:33,545 --> 00:44:37,340
even based in the US.
Yeah it's it's kind of I think

930
00:44:37,340 --> 00:44:40,302
maybe Liechtenstein as well.
It's Swedish, but I remember

931
00:44:40,302 --> 00:44:44,347
they were saying something
about Liechtenstein and the tax,

932
00:44:44,347 --> 00:44:47,226
so it's probably one of those
Spotify, U.S., Spotify,

933
00:44:47,226 --> 00:44:50,521
Sweden, Spotify, much like Rio
Tinto has Rio Tinto,

934
00:44:50,521 --> 00:44:53,981
UK, Rio Tinto, Australia.
But anyway,

935
00:44:53,981 --> 00:44:55,400
I was writing this thing
and then I

936
00:44:55,400 --> 00:44:59,362
was starting to look at
the actual earnings.

937
00:44:59,362 --> 00:45:05,077
And much like Uber, they've never
made a profit. So this is also

938
00:45:05,077 --> 00:45:08,831
playing into it, which is the
general economics that I think

939
00:45:08,831 --> 00:45:12,041
is going to happen over the next
five, ten years,

940
00:45:12,041 --> 00:45:17,797
which is the free money
aspects of just money print to go

941
00:45:17,797 --> 00:45:19,842
and VCs and things.
Just in the way

942
00:45:19,842 --> 00:45:22,052
that you say that though
and I've seen it time to go.

943
00:45:22,052 --> 00:45:24,554
I mean, people. Are saying
this back in 2000. You people

944
00:45:24,554 --> 00:45:26,222
financially, literally now
they to actually

945
00:45:26,222 --> 00:45:28,809
have seen it, understand
where that funding's coming from.

946
00:45:28,809 --> 00:45:31,061
I'm like, I'm not saying myself.
I even know that because I've

947
00:45:31,061 --> 00:45:32,438
heard that a lot.
I've heard this time

948
00:45:32,438 --> 00:45:35,023
and time, dude,
I heard years ago. They're like,

949
00:45:35,023 --> 00:45:36,233
What if I was about to go under
because they're not

950
00:45:36,233 --> 00:45:39,277
making any profit
this all around?

951
00:45:39,277 --> 00:45:42,489
Now, I would ask you, you know,
are they still taking VC funding?

952
00:45:42,489 --> 00:45:45,324
Like, is it is it purely VC
funding that's holding them up?

953
00:45:45,324 --> 00:45:50,414
But I know but whatever it is,
if you're not making a profit,

954
00:45:50,414 --> 00:45:52,750
you've got to there's got to be
some hard reality

955
00:45:52,750 --> 00:45:55,001
at some point, right?
Oh, absolutely. Going to be

956
00:45:55,001 --> 00:45:58,045
a hard reality at some point.
But if you look

957
00:45:58,045 --> 00:46:01,090
at the most companies creations,
right, generally, most of them

958
00:46:01,090 --> 00:46:03,010
don't run a profit. Just like
when you buy a property.

959
00:46:03,010 --> 00:46:05,137
It doesn't have to be
a net profit straight away.

960
00:46:05,137 --> 00:46:07,054
Of course, straight away.
But how long Spotify

961
00:46:07,054 --> 00:46:10,934
been around for?
Yeah, true, true. Yeah. Yeah.

962
00:46:10,934 --> 00:46:13,353
So could it be
I'm sure you could find

963
00:46:13,353 --> 00:46:15,188
many other companies
who are also didn't

964
00:46:15,188 --> 00:46:16,648
become profitable
for a very long time

965
00:46:16,648 --> 00:46:19,485
until they did. And then just
when you know about.

966
00:46:19,485 --> 00:46:23,070
You know. Ridiculous.
20 something I might

967
00:46:23,070 --> 00:46:25,657
if anyone has any book
recommendations on this

968
00:46:25,657 --> 00:46:28,702
or I've heard of things
like zombie companies

969
00:46:28,702 --> 00:46:31,829
before as well where they are
these kind of shell companies

970
00:46:31,829 --> 00:46:35,541
that they somehow just managed
to survive year after year

971
00:46:35,541 --> 00:46:37,418
because they get
injections of cash

972
00:46:37,418 --> 00:46:41,965
from somewhere, even though they
never actually make any money.

973
00:46:41,965 --> 00:46:45,635
Yeah, it just it that that
and this is one of the pieces

974
00:46:45,635 --> 00:46:48,304
of moving into the year of 20,
you know,

975
00:46:48,304 --> 00:46:51,474
31 year old annual goals.
One of my pieces which is very

976
00:46:51,474 --> 00:46:55,103
simply said, definitely
the soul aspect is understanding

977
00:46:55,103 --> 00:46:57,188
over assumptions. And I think
a lot of the time

978
00:46:57,188 --> 00:46:59,650
I would have just assumed
that particular segment

979
00:46:59,650 --> 00:47:02,360
of the financial side
of Spotify is, Hey, they're not

980
00:47:02,360 --> 00:47:03,945
making any profit and you can go
and look at the earnings

981
00:47:03,945 --> 00:47:07,699
and the profit by guy. But I do
real understanding

982
00:47:07,699 --> 00:47:10,244
that I'm not ridiculously
financially literate

983
00:47:10,244 --> 00:47:12,371
to understand where exactly
some of this funding

984
00:47:12,371 --> 00:47:16,875
is coming from. Right now.
I'm like, I'm not in-depth

985
00:47:16,875 --> 00:47:19,085
into your accounting
or any details and whatnot,

986
00:47:19,085 --> 00:47:20,378
but I can tell you right now
you could set up

987
00:47:20,378 --> 00:47:22,422
a company structure.
Maybe they even doing that

988
00:47:22,422 --> 00:47:24,925
to reduce a tax write.
There's some potentials

989
00:47:24,925 --> 00:47:27,552
around that and moving
money elsewhere. That's that is

990
00:47:27,552 --> 00:47:30,304
not even that's not
an unknown thing. That's like a

991
00:47:30,304 --> 00:47:34,059
very clever thing that people do.
You can look at the Amazon

992
00:47:34,059 --> 00:47:36,143
Australia Company as well.
There's very similarities

993
00:47:36,143 --> 00:47:38,230
to do that, to get around
the taxation here in Australia.

994
00:47:38,230 --> 00:47:41,315
That's not I've seen it right.
So if you looked at

995
00:47:41,315 --> 00:47:44,360
their financials, you go,
Oh shit, this motherfucker's

996
00:47:44,360 --> 00:47:46,697
about to run out of money to.
Not really,

997
00:47:46,697 --> 00:47:49,824
That's not how it works.
So I go, Honestly, man,

998
00:47:49,824 --> 00:47:52,619
the standing of it is
I've seen the detail.

999
00:47:52,619 --> 00:47:54,871
I would, I would like and yeah,
I would either a

1000
00:47:54,871 --> 00:47:57,123
book recommendation or all.
But you'd have to be

1001
00:47:57,123 --> 00:47:58,375
a pretty recent
book recommendation

1002
00:47:58,375 --> 00:48:01,753
or someone like reviewing it
or seeing more of a generic view

1003
00:48:01,753 --> 00:48:05,340
of the companies.
Because I don't buy it. I smell

1004
00:48:05,340 --> 00:48:07,425
I smell movement of money
to different areas

1005
00:48:07,425 --> 00:48:11,262
that it might seem that way,
but not be the full reality.

1006
00:48:11,262 --> 00:48:13,181
So yeah, it could be. But this
this is coming

1007
00:48:13,181 --> 00:48:16,643
from a very mere mortal
not understanding a directive.

1008
00:48:16,643 --> 00:48:19,271
You I say we've
I've heard about it. I couldn't

1009
00:48:19,271 --> 00:48:21,023
conclusively say
what that actually

1010
00:48:21,023 --> 00:48:23,650
for the company. Yeah. Yeah.
Well that's, that's why I just

1011
00:48:23,650 --> 00:48:26,485
chucked this random bit out just,
just to say so it's not just me

1012
00:48:26,485 --> 00:48:30,282
making a prediction
without any skin in the game.

1013
00:48:30,282 --> 00:48:31,992
You know, if something
wants to jump on the other

1014
00:48:31,992 --> 00:48:33,784
side of that.
Feel free to take it. Feel free

1015
00:48:33,784 --> 00:48:36,246
to take Karen on the million
SAT bet. Millions at BET

1016
00:48:36,246 --> 00:48:41,626
and the so many so much stuff
could happen and I conceive

1017
00:48:41,626 --> 00:48:45,130
so many potential problems
that if a valid few people

1018
00:48:45,130 --> 00:48:48,550
start doing covers of songs
and then making money from that,

1019
00:48:49,760 --> 00:48:51,427
there's going to be
so many lawsuits,

1020
00:48:51,427 --> 00:48:55,431
much like when Napster
was occurring that the lawsuits

1021
00:48:55,431 --> 00:48:57,976
were just bonanzas. Well,
one of the things

1022
00:48:57,976 --> 00:48:59,561
that is going to clash
really heavily

1023
00:48:59,561 --> 00:49:02,981
is the utilisation of AI
into a whole. Host of shows.

1024
00:49:02,981 --> 00:49:05,108
My second one, a. Huge piece
that I've been listening to it

1025
00:49:05,108 --> 00:49:06,818
like I've been listening
to so much stuff

1026
00:49:06,818 --> 00:49:12,074
now so, so, so much. And what
cleverly in the web3 space slash

1027
00:49:12,074 --> 00:49:15,202
AI and a few other spaces
is the legal

1028
00:49:15,202 --> 00:49:17,788
conversations are about
to begin quite heavily,

1029
00:49:17,788 --> 00:49:20,289
at least in America.
I know there's quite a few

1030
00:49:20,289 --> 00:49:22,918
going to the High Court
style conversations

1031
00:49:22,918 --> 00:49:27,255
similar to image usage in AI with
I think it's Getty Images

1032
00:49:27,255 --> 00:49:30,132
or something. Take them to court
because of the utilisation,

1033
00:49:30,132 --> 00:49:33,762
the payment, I believe. So.
Sarah Silverman

1034
00:49:33,762 --> 00:49:36,556
was also something
like this, the comedian,

1035
00:49:36,556 --> 00:49:40,559
and she was saying they're using
parts of her jokes.

1036
00:49:40,559 --> 00:49:42,853
To create something else. Yeah.
And then there was that

1037
00:49:42,853 --> 00:49:44,438
there was a conversation
about the differences

1038
00:49:44,438 --> 00:49:46,565
between, you know,
straight out copyrighting

1039
00:49:46,565 --> 00:49:49,902
or kind of like repurposing
or reusing the likeness

1040
00:49:49,902 --> 00:49:51,195
of something
to create something else.

1041
00:49:51,195 --> 00:49:54,199
Say, look, there's going to be
some absolutely grey lines.

1042
00:49:54,199 --> 00:49:56,952
Yeah. In music as well.
I've started to listen

1043
00:49:56,952 --> 00:50:00,579
to a few songs created with
I, I sound awesome. I'm like,

1044
00:50:00,579 --> 00:50:02,206
Oh, this is cool.
Especially through technology,

1045
00:50:03,250 --> 00:50:07,503
but these are like a cover.
A cover of Evanescence

1046
00:50:07,503 --> 00:50:14,260
song, sung by Kottmann Yeah.
From from. Not. Not genuine

1047
00:50:14,260 --> 00:50:17,139
but awesome to listen to.
If I was, I'd listen to it.

1048
00:50:17,139 --> 00:50:19,724
I was like, This is great.
I wonder where this is all going

1049
00:50:19,724 --> 00:50:24,855
to land on the spectrum
of legality. One,

1050
00:50:24,855 --> 00:50:26,356
I don't know how it plays out,
you know, on

1051
00:50:26,356 --> 00:50:28,315
some of where it becomes
a little bit more decentralised,

1052
00:50:28,315 --> 00:50:30,735
a little bit just of going
how you want,

1053
00:50:30,735 --> 00:50:33,612
maybe like the valley
for Valley Stream,

1054
00:50:33,612 --> 00:50:35,614
is there a reach that comes
legally is like, Hey,

1055
00:50:35,614 --> 00:50:37,576
no, you cannot do this
without now paying back

1056
00:50:37,576 --> 00:50:41,079
the royalties back to this way.
So on a split payment,

1057
00:50:41,079 --> 00:50:42,998
perhaps like say
I'm putting a split

1058
00:50:42,998 --> 00:50:46,208
to this creator and do they,
are they now going to be like,

1059
00:50:46,208 --> 00:50:49,713
well it's mandatory, you must go
and pay this existing company

1060
00:50:49,713 --> 00:50:51,840
who owns the royalties
for blah blah, blah, blah blah.

1061
00:50:52,840 --> 00:50:55,092
I don't know. One of the it'll be
an interesting Well.

1062
00:50:55,092 --> 00:50:57,887
Yeah, one of the things
that really has sparked

1063
00:50:57,887 --> 00:51:02,141
my enthusiasm and excitement was
and I was thinking about this

1064
00:51:02,141 --> 00:51:05,144
I'm reading the the longer tale
by Chris Anderson at the moment.

1065
00:51:05,144 --> 00:51:07,606
It's the updated edition
of The Long Tail,

1066
00:51:07,606 --> 00:51:10,317
and he was the editor
of Wired magazine.

1067
00:51:10,317 --> 00:51:12,652
And this book is
relatively well-known,

1068
00:51:12,652 --> 00:51:16,864
was pretty popular.
And he's basically examining

1069
00:51:16,864 --> 00:51:20,659
the music industry
and how digital online

1070
00:51:20,659 --> 00:51:24,581
marketplaces have changed.
And he was writing this thing

1071
00:51:24,581 --> 00:51:27,876
goes around 2008,
something close to then.

1072
00:51:27,876 --> 00:51:32,797
And take a little bit longer.
Tell a both while the long tail

1073
00:51:32,797 --> 00:51:36,300
which became the updated edition
maybe two years later.

1074
00:51:36,300 --> 00:51:39,221
So it's essentially
the same book, I believe.

1075
00:51:39,221 --> 00:51:42,974
And he was he kept on
referring to this thing

1076
00:51:42,974 --> 00:51:45,351
called Rhapsody,
which I've never heard of before.

1077
00:51:45,351 --> 00:51:47,603
You know,
Rhapsody, it's basically

1078
00:51:47,603 --> 00:51:50,981
what happened to Napster.
The name changed from that,

1079
00:51:50,981 --> 00:51:53,400
and then they started
doing so It's

1080
00:51:53,400 --> 00:51:57,780
kind of before Spotify,
I guess, was was the the online

1081
00:51:57,780 --> 00:52:01,367
streaming of of audio.
I believe it. That's kind

1082
00:52:01,367 --> 00:52:05,246
of the rough time period.
And he was saying,

1083
00:52:05,246 --> 00:52:07,958
you know, in the longer
tail in all of these artists

1084
00:52:07,958 --> 00:52:10,460
who aren't well known,
the unknown hits.

1085
00:52:10,460 --> 00:52:13,838
So you've got the big
I don't know what you call it,

1086
00:52:13,838 --> 00:52:17,925
the exponential curve, but it's
the opposite way around of what

1087
00:52:17,925 --> 00:52:20,137
you normally say. It's it's all
stacked on one end.

1088
00:52:20,137 --> 00:52:24,932
So all the money is going
to the Spotify, all these huge

1089
00:52:24,932 --> 00:52:28,519
hit artists. And then in the long
tail, it's no one's

1090
00:52:28,519 --> 00:52:30,646
getting recognised
and he was saying

1091
00:52:30,646 --> 00:52:34,483
the digital revolution
has allowed that to become

1092
00:52:34,483 --> 00:52:37,112
more accessible and available,
much like Amazon did

1093
00:52:37,112 --> 00:52:41,240
that for books. Yeah, this
place called Rhapsody

1094
00:52:41,240 --> 00:52:43,909
did for music
and things like that.

1095
00:52:43,909 --> 00:52:47,121
And he was saying
the quality in there is can vary.

1096
00:52:47,121 --> 00:52:48,581
You have some
really shitty stuff,

1097
00:52:48,581 --> 00:52:52,043
but there's a lot of gems
in there as well, which are

1098
00:52:52,043 --> 00:52:56,547
kind of just as good as the
hits of the artists. But it's

1099
00:52:56,547 --> 00:52:59,384
kind of a discovery
problem getting

1100
00:52:59,384 --> 00:53:01,927
how do you find them?
So there's just so much

1101
00:53:01,927 --> 00:53:05,139
stuff out there.
And as I was listening to

1102
00:53:05,139 --> 00:53:07,934
Booster to Ball,
I was really enjoying the music

1103
00:53:07,934 --> 00:53:11,938
and I was thinking, Okay,
this isn't

1104
00:53:11,938 --> 00:53:15,108
that different from stuff
that I listen to. Normally.

1105
00:53:15,108 --> 00:53:17,235
It was more the experience
of listening to it

1106
00:53:17,235 --> 00:53:19,320
and knowing that
I was contributing to them,

1107
00:53:19,320 --> 00:53:23,532
which got my enthusiasm
going right. So it's

1108
00:53:23,532 --> 00:53:26,911
not necessarily that
the music is better per say.

1109
00:53:26,911 --> 00:53:31,041
It's not that the
it was more about I felt about it

1110
00:53:31,041 --> 00:53:37,505
rather than the experience
that I get on on something

1111
00:53:37,505 --> 00:53:43,762
such as YouTube music, which I
also use, and it didn't have that

1112
00:53:43,762 --> 00:53:46,681
kind of personal connection,
I feel, which was also

1113
00:53:46,681 --> 00:53:51,436
why I was so enthused by it
and, and yeah, look, we'll

1114
00:53:51,436 --> 00:53:54,105
we'll see what happens.
So much could change.

1115
00:53:54,105 --> 00:53:59,568
You mentioned I economics
the same for my travels.

1116
00:53:59,568 --> 00:54:01,780
Family members
get sick, I get sick.

1117
00:54:01,780 --> 00:54:05,199
The world changes
economics again. You know that

1118
00:54:05,199 --> 00:54:11,914
that might absolutely just throw
all my rough plans into thin air.

1119
00:54:11,914 --> 00:54:16,543
So that's the dampener to
my enthusiasm. Yeah.

1120
00:54:16,543 --> 00:54:20,172
I was just wondering
that that idea of why

1121
00:54:20,172 --> 00:54:22,967
you find that enthusiastic versus
the interactions, I'm

1122
00:54:22,967 --> 00:54:24,635
saying YouTube music
where they do

1123
00:54:24,635 --> 00:54:27,639
get paid in some way. I know
they might not directly,

1124
00:54:27,639 --> 00:54:30,224
but they do get paid somewhat
through that. Yet the YouTube

1125
00:54:30,224 --> 00:54:33,311
Google platform itself.
No, really not not, not directly,

1126
00:54:33,311 --> 00:54:35,646
but people making fucking
good money from it as well.

1127
00:54:35,646 --> 00:54:40,277
So I kind of go. I don't know if
some of those

1128
00:54:40,277 --> 00:54:43,905
artists that I listen
to which are deep into the niches

1129
00:54:43,905 --> 00:54:48,409
are making any money. Mm hmm.
If the the Valley

1130
00:54:48,409 --> 00:54:52,414
for Valley model allows people
to make a living wage, then yeah,

1131
00:54:52,414 --> 00:54:54,456
that's all you can ask.
I don't know what the economics

1132
00:54:54,456 --> 00:54:57,751
looks like at the moment.
If there's enough to the

1133
00:54:57,751 --> 00:54:59,878
the thing that if there's
enough people entering

1134
00:54:59,878 --> 00:55:03,882
the system, does the system
enable enough

1135
00:55:03,882 --> 00:55:07,469
the volume of artists to come in
to satisfy the system?

1136
00:55:07,469 --> 00:55:11,891
How many people. Do you think
subscribe to Spotify Premium?

1137
00:55:11,891 --> 00:55:16,478
I should have looked this up
when I was in the annual reports.

1138
00:55:16,478 --> 00:55:20,858
I'll tell you the million.
So yeah, so it's it'd be

1139
00:55:20,858 --> 00:55:24,903
a small percentage of the
database of the actual

1140
00:55:25,989 --> 00:55:28,282
what do they call it,
monthly active users. Listen what

1141
00:55:28,282 --> 00:55:33,413
we quickly bring up. I would
I would guess maybe 20 to 30%

1142
00:55:33,413 --> 00:55:38,126
pay for the pay for the premium,
which is still a lot

1143
00:55:38,126 --> 00:55:41,713
more than the 4%. It is estimated
that there are over

1144
00:55:41,713 --> 00:55:45,675
517.69 million
Spotify users worldwide.

1145
00:55:45,675 --> 00:55:49,137
Yeah, in total
and approximately 229 million are

1146
00:55:49,137 --> 00:55:51,306
premium subscribers. They go
more than I thought.

1147
00:55:51,306 --> 00:55:54,224
So what's that, 40%?
Yeah, even close to that.

1148
00:55:54,224 --> 00:55:55,726
I mean, think about like when
you look at that

1149
00:55:55,726 --> 00:55:59,606
and what I'm trying to be
because sometimes the problem

1150
00:55:59,606 --> 00:56:02,483
in many companies
or a lot of systems is

1151
00:56:02,483 --> 00:56:03,693
what it looks like
when you scale,

1152
00:56:03,693 --> 00:56:05,737
when you scale a huge
when you scale big.

1153
00:56:05,737 --> 00:56:08,907
If the current and this would be
a question to you who maybe knows

1154
00:56:08,907 --> 00:56:10,657
this better or someone
directly in the Valley Falcon

1155
00:56:10,657 --> 00:56:15,371
but if we scaled right now
to 500 million people tuning in

1156
00:56:15,371 --> 00:56:19,208
right as we speak with the same
number amount of like podcasts

1157
00:56:19,208 --> 00:56:21,920
and you know,
people in the system,

1158
00:56:21,920 --> 00:56:26,048
does this system then still
enable what it's trying

1159
00:56:26,048 --> 00:56:29,177
to underline,
give to most of its users

1160
00:56:29,177 --> 00:56:33,764
or consumers or clients?
Will participating in it or will,

1161
00:56:33,764 --> 00:56:36,518
by the law of numbers
with the sheer amount of people

1162
00:56:36,518 --> 00:56:38,769
in there, will Assad
gravitating again

1163
00:56:38,769 --> 00:56:41,648
to a certain amount of
artists, to players,

1164
00:56:41,648 --> 00:56:43,108
and then reduces
the amount of money

1165
00:56:43,108 --> 00:56:44,858
that's going to
some of the niche ones?

1166
00:56:44,858 --> 00:56:50,697
Once again, it. Will do that.
But when it's just direct

1167
00:56:50,697 --> 00:56:53,326
peer to peer payments,
I think that's

1168
00:56:53,326 --> 00:56:56,954
the core underlying
principle of it. Yeah, no,

1169
00:56:56,954 --> 00:57:00,750
absolutely changes the dynamic.
If a direct peer to peer system

1170
00:57:00,750 --> 00:57:03,210
still exists, awesome.
It's fantastic.

1171
00:57:03,210 --> 00:57:06,338
So but if you look at the
the like our podcast right now

1172
00:57:06,338 --> 00:57:08,590
gets a good
handful of boost games

1173
00:57:08,590 --> 00:57:10,552
coming through and people
streaming through its a

1174
00:57:10,552 --> 00:57:12,344
listening to it
and that's going well

1175
00:57:12,344 --> 00:57:16,181
and for it to continue
operating for us, we need to

1176
00:57:16,181 --> 00:57:18,726
see more people
actually participating

1177
00:57:18,726 --> 00:57:23,021
and for us to scale it up, etc.
But if we then introduced,

1178
00:57:23,021 --> 00:57:24,565
you know, if we introduced
400 million people

1179
00:57:24,565 --> 00:57:27,735
and it's not any extra
more content creations

1180
00:57:27,735 --> 00:57:29,862
or the quality of them,
then just by the numbers,

1181
00:57:29,862 --> 00:57:32,114
of course
you're going to get more value

1182
00:57:32,114 --> 00:57:33,157
coming through the system
because there's

1183
00:57:33,157 --> 00:57:36,702
more people providing it.
So awesome. But if we now in turn

1184
00:57:36,702 --> 00:57:39,371
also grow the amount of podcasts
or the amount of people

1185
00:57:39,371 --> 00:57:42,958
participating in it to X degree
to like the same quality

1186
00:57:42,958 --> 00:57:45,795
that there is a Spotify do,
then does that, does

1187
00:57:45,795 --> 00:57:48,965
the numbers work out?
Is the dilution now so extreme

1188
00:57:48,965 --> 00:57:50,842
that perhaps you lose
a lot of the unique

1189
00:57:50,842 --> 00:57:53,052
people who listen to you
and then it becomes like, Well,

1190
00:57:53,052 --> 00:57:55,762
we're now distributing the money
that's in the system to lesser.

1191
00:57:55,762 --> 00:57:57,347
So it's like kind of like
nobody really

1192
00:57:57,347 --> 00:58:00,643
makes known enough apart
from the ones who they gravitate

1193
00:58:00,643 --> 00:58:02,311
to make a lot of money,
which is what happens

1194
00:58:02,311 --> 00:58:04,313
in the existing system
as well. Hmm.

1195
00:58:04,313 --> 00:58:06,815
I'm just trying to think
of the actual experience

1196
00:58:06,815 --> 00:58:09,735
of the average Spotify
premium user. So they pay that on

1197
00:58:09,735 --> 00:58:11,737
voice month and then they
listen to music

1198
00:58:11,737 --> 00:58:13,864
and they don't care about
where that money goes.

1199
00:58:14,865 --> 00:58:19,661
What if you could have something
similar where you pay $9 a month

1200
00:58:19,661 --> 00:58:23,248
or you set a budget and there's
perhaps a minimum

1201
00:58:23,248 --> 00:58:25,376
one for some apps?
And this is where

1202
00:58:25,376 --> 00:58:28,086
I'm really hoping
they'll be five or ten

1203
00:58:28,086 --> 00:58:32,217
different music apps or the same
for podcasting apps.

1204
00:58:32,217 --> 00:58:36,804
There's 30 or whatever,
and you just say, okay, I'm going

1205
00:58:36,804 --> 00:58:39,056
to put $10 a month.
That's my budget.

1206
00:58:39,056 --> 00:58:41,266
And it just gets split up
automatically

1207
00:58:41,266 --> 00:58:44,521
between the actual people
You listen to. It's

1208
00:58:44,521 --> 00:58:47,023
and it's being able to do
in the back surface.

1209
00:58:47,023 --> 00:58:49,858
So you don't even need
to know about value for value.

1210
00:58:49,858 --> 00:58:54,197
Perhaps it's nice, but I
could definitely see that

1211
00:58:54,197 --> 00:58:56,782
happening where,
yes, a lot of this goes

1212
00:58:56,782 --> 00:59:03,331
beneath the surface. To me
it is going directly peer to peer

1213
00:59:03,331 --> 00:59:05,666
and people
don't even need to know about it.

1214
00:59:05,666 --> 00:59:10,547
It's a value for value
becomes the norm. But it's it's.

1215
00:59:10,547 --> 00:59:13,090
Also what's the actual. Exactly.
In that case is probably not

1216
00:59:13,090 --> 00:59:14,467
value for Yeah.
What do you actually

1217
00:59:14,467 --> 00:59:16,510
what's the example that you
actually given me because with

1218
00:59:16,510 --> 00:59:18,429
the differentiation
saying you say you get Spotify,

1219
00:59:18,429 --> 00:59:21,516
you go sign up to a one of them
a music player and you go sign up

1220
00:59:21,516 --> 00:59:24,143
and it says,
Would you like to pay$10 a week

1221
00:59:24,143 --> 00:59:26,228
or would you like to pay
$10 a week? And the money

1222
00:59:26,228 --> 00:59:29,148
will be sent only to the
the people who you specifically

1223
00:59:29,148 --> 00:59:31,900
well know. I'm imagining
more artists.

1224
00:59:31,900 --> 00:59:35,697
So I realising, oh, I'm
getting more money When people

1225
00:59:35,697 --> 00:59:39,867
listen to me on what's just came
up, come up with a new name

1226
00:59:39,867 --> 00:59:44,664
and music Badger
and they start saying,

1227
00:59:44,664 --> 00:59:47,708
Listen to me on Music.
Badger No, on Spotify and

1228
00:59:49,085 --> 00:59:53,130
the same sort of experience.
You go, There's a budget

1229
00:59:53,130 --> 00:59:56,009
I, a subscription,
something like that.

1230
00:59:56,009 --> 00:59:59,762
And then they,
they get more money

1231
00:59:59,762 --> 01:00:02,889
directly from,
from the music listeners which.

1232
01:00:02,889 --> 01:00:05,226
Isn't not even which isn't
isn't too different

1233
01:00:05,226 --> 01:00:07,478
from what you would do
with existing systems

1234
01:00:07,478 --> 01:00:10,815
right now. Exactly. Yeah.
So you know like PayPal.

1235
01:00:10,815 --> 01:00:14,318
Is and once again, the more
I think about it, that kind

1236
01:00:14,318 --> 01:00:17,070
of turns away
from value for value, which is

1237
01:00:17,070 --> 01:00:21,117
really emphasising the aspect
of sending the value

1238
01:00:21,117 --> 01:00:26,831
that you want to to your
favourite creator.

1239
01:00:26,831 --> 01:00:30,208
So it is different from that.
Like it is cool if you could

1240
01:00:30,208 --> 01:00:33,463
send directly, if I could send
a direct message with value

1241
01:00:33,463 --> 01:00:36,798
to a band that I really like,
that's awesome. I can't do that

1242
01:00:36,798 --> 01:00:38,800
in the current system.
Like these are new features

1243
01:00:38,800 --> 01:00:42,054
that I'd be really happy to,
but if you just talking about

1244
01:00:42,054 --> 01:00:45,557
just sending funding to Exadata,
listen to why is anyone going

1245
01:00:45,557 --> 01:00:48,478
give shit realistically out there
that you. Said, Well,

1246
01:00:48,478 --> 01:00:50,646
this is once again to where I say
probably just

1247
01:00:50,646 --> 01:00:54,900
in broad scale economics,
that would probably work

1248
01:00:54,900 --> 01:00:57,235
better than what
Spotify is having to do

1249
01:00:57,235 --> 01:01:02,449
with all the legal contracts,
the middlemen, the yes, the the

1250
01:01:02,449 --> 01:01:05,911
financial shenanigans and
all that sort of spectrum.

1251
01:01:05,911 --> 01:01:09,164
But what it does and I think that
the question should be, is

1252
01:01:09,164 --> 01:01:11,416
if you then take away
all you take like the operation

1253
01:01:11,416 --> 01:01:14,420
of Spotify app, throw it away
and all out all the costs,

1254
01:01:14,420 --> 01:01:18,173
if you then get those costs
and then you turn to the system

1255
01:01:18,173 --> 01:01:20,802
that is now running through
this P2P system,

1256
01:01:20,802 --> 01:01:23,262
does that then create
a better system that is now

1257
01:01:23,262 --> 01:01:25,847
can flourish much better now?
It sounds like I would say.

1258
01:01:25,847 --> 01:01:29,018
Yes, just because of
the middleman aspect. You got

1259
01:01:29,018 --> 01:01:34,940
rid of a lot of just
people who have gotten to the top

1260
01:01:34,940 --> 01:01:38,945
and then want that cut
and they're not adding

1261
01:01:38,945 --> 01:01:43,240
value per say. I feel
my general perception is

1262
01:01:43,240 --> 01:01:45,201
there's a lot of that
in the music industry. I know,

1263
01:01:45,201 --> 01:01:48,371
but I agree totally. But but
you got to really in the

1264
01:01:48,371 --> 01:01:51,456
practical terms. So you take away
the money, throw away throw up

1265
01:01:51,456 --> 01:01:55,335
governance,
authority and security,

1266
01:01:55,378 --> 01:01:57,338
put it into this other area
which might be more secure

1267
01:01:57,338 --> 01:01:59,715
in certain aspects.
What happens currently

1268
01:01:59,715 --> 01:02:00,882
if the assets
that you run for Valley

1269
01:02:00,882 --> 01:02:04,846
Valley breaks I.
While so at the moment

1270
01:02:04,846 --> 01:02:07,724
it's hosted on blueberry
so I'd probably email them below.

1271
01:02:07,724 --> 01:02:10,476
What a fuck man. Of course
what have now blueberry

1272
01:02:10,476 --> 01:02:13,813
and inside track and another
hundred of them

1273
01:02:13,813 --> 01:02:15,606
and a million people
emailing them all

1274
01:02:15,606 --> 01:02:17,108
because say something
breaks or whatever.

1275
01:02:17,108 --> 01:02:18,943
And it is because very unique
about your owning

1276
01:02:18,943 --> 01:02:20,527
your own system that
you're participating in.

1277
01:02:22,070 --> 01:02:23,197
It kind of sounds like
you don't have to have

1278
01:02:23,197 --> 01:02:25,324
a middle manager
supporting security of layered

1279
01:02:25,324 --> 01:02:29,661
the technology around it.
Yes or no? You're

1280
01:02:29,661 --> 01:02:32,289
you're say you're talking
from The Odyssey to the Odyssey.

1281
01:02:32,289 --> 01:02:34,375
Yep, yep, yep.
So this are managing

1282
01:02:34,375 --> 01:02:36,543
what I would imagine
the right fit

1283
01:02:36,543 --> 01:02:38,128
right in terms of what
they're producing

1284
01:02:38,128 --> 01:02:40,590
and something goes wrong
because now the ownership of that

1285
01:02:40,590 --> 01:02:44,469
being going wrong is on
the artists, less so on a Spotify

1286
01:02:44,469 --> 01:02:47,012
that makes sure that the
the platform itself is working

1287
01:02:47,012 --> 01:02:48,889
as they appropriately do.
They would have to

1288
01:02:48,889 --> 01:02:54,103
then go manage that. Yeah. Yeah.
I mean it's

1289
01:02:54,103 --> 01:02:57,440
how how is that different
from something breaking though

1290
01:02:57,440 --> 01:03:01,818
with how it currently works.
Well true,

1291
01:03:01,818 --> 01:03:05,697
but it doesn't as often.
I maybe this actually

1292
01:03:05,697 --> 01:03:08,451
I'm assuming here
I don't know how often a Spotify

1293
01:03:08,451 --> 01:03:10,244
link will break.
If you're using Spotify

1294
01:03:10,244 --> 01:03:12,704
as I don't. Know Google
was fucking up with

1295
01:03:12,704 --> 01:03:18,001
for me today on on the Chrome
Bright browser. It was

1296
01:03:18,001 --> 01:03:20,128
just a funny,
funny little example.

1297
01:03:20,128 --> 01:03:25,717
A massive company has something
so critical to the experience.

1298
01:03:25,717 --> 01:03:28,221
It happened four times.
I was trying to type something in

1299
01:03:28,221 --> 01:03:30,639
just in the top browser
just to look something up

1300
01:03:30,639 --> 01:03:34,059
and broke. In like Fuck.
I had to go into Google

1301
01:03:34,059 --> 01:03:37,146
Chrome or use
Microsoft Edge Well, right. Okay.

1302
01:03:37,146 --> 01:03:39,273
Which by the way, Microsoft I
and Google Chrome

1303
01:03:39,273 --> 01:03:41,317
are basically the same.
They're both chromium websites.

1304
01:03:41,317 --> 01:03:43,610
It's basically
they're both quite. Well, well,

1305
01:03:43,610 --> 01:03:46,697
brave as well as it is.
It's got that chrome

1306
01:03:46,697 --> 01:03:49,449
underlying thing, doesn't it?
Crimenes Well. Yeah.

1307
01:03:49,449 --> 01:03:52,994
So I don't know why it,
it worked on Google Chrome

1308
01:03:52,994 --> 01:03:56,706
and not a brave but anyway.
I just think yeah I just think

1309
01:03:56,706 --> 01:03:58,333
these, these questions
which I wouldn't talk about

1310
01:03:58,333 --> 01:04:00,920
like the financials
in the Spotify is I guy

1311
01:04:01,963 --> 01:04:03,547
you're not people are not
looking at this

1312
01:04:03,547 --> 01:04:05,550
deep enough they gave.
Itself eight years.

1313
01:04:05,550 --> 01:04:08,052
These these are questions
which I'm not qualified as.

1314
01:04:08,052 --> 01:04:11,222
I'm going to win my bet
with the supervolcano

1315
01:04:11,222 --> 01:04:13,641
in America explodes
and that's where Spotify

1316
01:04:13,641 --> 01:04:18,353
headquarters are based.
The I'm going to go of.

1317
01:04:18,353 --> 01:04:21,190
It's out in Nevada,
whatever it is, in the.

1318
01:04:21,190 --> 01:04:23,442
Yellowstone. National Park.
That's right. Yeah.

1319
01:04:23,442 --> 01:04:24,777
That's going to blow up
and kill everyone.

1320
01:04:24,777 --> 01:04:26,820
Every single Spotify
employee will die and that's how

1321
01:04:26,820 --> 01:04:29,614
time will win. And that's
that's how I win my bet.

1322
01:04:29,614 --> 01:04:31,826
Anything else that I know?
No, I was it was more

1323
01:04:31,826 --> 01:04:35,413
yeah, all of this
was just just to say the

1324
01:04:35,704 --> 01:04:40,208
enthusiasm, excitement of
things changing. I think

1325
01:04:40,208 --> 01:04:43,128
things are going to change a lot.
And like we said,

1326
01:04:43,128 --> 01:04:48,717
you also think for the music
industry, somehow. I, I.

1327
01:04:48,717 --> 01:04:51,219
I really hope it's
value for value. I really do.

1328
01:04:51,219 --> 01:04:53,179
I just think it's so much better
than everything else.

1329
01:04:53,179 --> 01:04:56,559
But as I was saying, the Karen
and I could just be crazy.

1330
01:04:56,559 --> 01:05:00,396
Maybe this is what bitcoin
people felt like in 2011.

1331
01:05:00,396 --> 01:05:02,231
They think they've
discovered this thing.

1332
01:05:02,231 --> 01:05:05,525
No one else cares about it.
Or you can see only the

1333
01:05:05,525 --> 01:05:08,487
technical hurdles.
You can only see the

1334
01:05:08,487 --> 01:05:11,407
not just the technical,
the societal hurdles,

1335
01:05:11,407 --> 01:05:14,994
all of this sort of shit.
And you have. A rough vision.

1336
01:05:14,994 --> 01:05:16,454
Of what you think
the world would be like

1337
01:05:16,454 --> 01:05:18,623
if this got introduced
and if it changed.

1338
01:05:18,623 --> 01:05:20,625
And to be honest,
it's still kind of like that.

1339
01:05:20,625 --> 01:05:24,045
It's not it's not
a huge, huge thing.

1340
01:05:24,045 --> 01:05:27,422
And I kind of feel like it's
maybe, maybe like that,

1341
01:05:27,422 --> 01:05:30,425
which also means I'm
probably a bit crazy because the

1342
01:05:30,425 --> 01:05:33,137
chances of Bitcoin
working were so slim

1343
01:05:33,137 --> 01:05:36,097
because anyone. Yeah,
that's a person with.

1344
01:05:36,097 --> 01:05:39,434
I think it was. A 10 million.
Bucks from the government. Ten.

1345
01:05:39,434 --> 01:05:41,311
I can't remember
what year was on 10,011

1346
01:05:41,311 --> 01:05:44,440
just before MONGOX
that someone actually that was a.

1347
01:05:44,440 --> 01:05:46,817
Up so much later than that.
Well I'm thinking before

1348
01:05:46,817 --> 01:05:48,527
Matt Mongox
but there was an issue

1349
01:05:48,527 --> 01:05:50,028
with the actual
protocol of bitcoin

1350
01:05:50,028 --> 01:05:53,699
and someone created 180 billion.
Yeah, yeah, yeah. They went down.

1351
01:05:53,699 --> 01:05:56,409
Some fork like Satoshi himself
had to sell full kit

1352
01:05:56,409 --> 01:05:59,413
and so like disallow that
and it did stay for a little bit,

1353
01:05:59,413 --> 01:06:02,416
but then it kind of went away,
you know, obviously those

1354
01:06:02,416 --> 01:06:03,458
early days,
but it still feels like

1355
01:06:03,458 --> 01:06:06,295
early days in comparison
to a lot of things. The has some

1356
01:06:06,295 --> 01:06:09,255
there's some value
in the peer to peer

1357
01:06:09,255 --> 01:06:11,007
across other systems,
which I think it can

1358
01:06:11,007 --> 01:06:13,802
it can influence them. Much like
I don't think bitcoin

1359
01:06:13,802 --> 01:06:17,514
will eat the whole world
in 50 years time, as in

1360
01:06:17,514 --> 01:06:21,351
there'll be no fiat currencies
or anything like that. I think

1361
01:06:21,351 --> 01:06:23,019
there's just
a lot of room for value.

1362
01:06:23,019 --> 01:06:27,858
For value to grow is probably the
my somewhat put up. Like a like a

1363
01:06:27,858 --> 01:06:28,858
memo like going
to leave it there.

1364
01:06:28,858 --> 01:06:31,112
Then there's been
a meandering session

1365
01:06:31,112 --> 01:06:34,155
and once again we do ask that
if you want to support us here

1366
01:06:34,155 --> 01:06:36,324
at the Mere Mortals podcast,
it is through

1367
01:06:36,324 --> 01:06:38,702
providing a time, talent
or treasure time.

1368
01:06:38,702 --> 01:06:41,204
You know, you're listening to us
at the moment, talent are

1369
01:06:41,204 --> 01:06:44,500
sending through some sort
of recommendation message. Well,

1370
01:06:44,500 --> 01:06:47,795
the like we're saying if you have
any financial background

1371
01:06:47,795 --> 01:06:50,797
in some of these companies,
if you work for one of them,

1372
01:06:50,797 --> 01:06:54,010
if you have any good
book recommendations on finances

1373
01:06:54,010 --> 01:06:58,179
of companies of the
financial shenanigans

1374
01:06:58,179 --> 01:07:01,599
and and can correct us.
Yeah, absolutely. Especially

1375
01:07:02,726 --> 01:07:04,186
in line enough in line
that's I guess

1376
01:07:04,186 --> 01:07:05,771
I would be very helpful. Yeah.
But again

1377
01:07:05,771 --> 01:07:07,648
yeah so there's treasury
aspect and talent if you

1378
01:07:07,648 --> 01:07:11,402
if you can help us out of course
there's that as well. For now

1379
01:07:11,402 --> 01:07:12,820
Memorial is going
to leave it there and I hope you

1380
01:07:12,820 --> 01:07:14,780
have enjoyed this
little meandering session.

1381
01:07:14,780 --> 01:07:17,699
outdoors for now
that's all. Juan out. Kyrin out.

1382
01:07:17,699 --> 01:07:20,994
Eh eh eh goood, fuck spotify!
Good.