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Discussing Bitcoin, Bitcoiners, and Citadels with Aleks Svetski

A group of convicted Bitcoiners discuss the future of the Bitcoin community

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[00:00:07] CK: Svetski has put out some incredible work, some incredible thinking. The article prior to this one was Bitcoiners are the Remnant. We don't need the masses. I think, I messed that title up. Long story short is you should read that one, as well as ASIC.

I'm going to go and show Bitcoin 2022 really quick before we get into talking about Bitcoin, Bitcoiners and Citadels. Y'all need to go to Bitcoin 2022 in Miami, April 6th through the 9th. You can use the promo code, it is satoshi to save yourself 10% off. Prices will be going up. This is going to be the absolute, ultimate Bitcoin are gathering. Our CEO is calling it the ultimate pilgrimage for Bitcoin.

Bitcoin 2021, 13,000 people. The place where El Salvador announced that it was going to make Bitcoin legal tender, and I believe, pretty much everyone on stage was there. I know, I shook Untap’s hand. I shook Alex's hand. I think, I met Mitch there as well. Lots and lots of Bitcoiners will be there, over 30,000. Four days of Bitcoin culture, information, technology and more. Highly, highly recommend it. Don't sleep on the Bitcoin Conference. I'll shut up now.

Alex, back to you, man. Why don't you talk a little bit –

[00:01:26] AS: I was going to say, we did more than shaking hands at the event, man. Come on. Come on.

[00:01:30] CK: Yeah, that's true. Yeah, we don't have to get into the details, though. You got to be there to know it. Bitcoin 2021 is like Vegas. You just got to be there. A lot of it was recorded on YouTube. Alex, I’m going to send it back to you, my man. Talk to us about this series. Talk to us about this essay. We can get into the details. I have a bunch of questions for you. I know we have some great guests on the stage as well.

[00:01:54] AS: For sure. For sure. Yeah, I actually just want to echo, for Bitcoin 2021, it was probably my favorite Bitcoin event that I've been to. I mean, I loved Bitcoin 2019, but that was the first one that I've ever been to and that was over NSF a couple years back and it was a lot smaller. I will credit Bitcoin 2021 as a place of some really good inspiration for me. It's like, I'm writing what I would call my magnum opus to date at the moment. It's called Fire Bitcoin Teleportation. It's going to be my most important piece ever written in the midst to that. That actually came out of a discussion, post those at Bitcoin 2021.

[00:02:31] CK: I like it.

[00:02:32] AS: Yeah. Dude, it's going to be super, super, fucking deep.

[00:02:34] CK: Putting Bitcoin at scale to [inaudible 00:02:36]. Put into perspective.

[00:02:39] AS: Yeah, it's literally like, the thesis is going to really dive into this idea that we use BC and AD to separate timelines. This will be the out of bounds of existence fire on one side, which is what transformed us into homo-sapiens. Bitcoin is the midpoint, so then you have before Bitcoin and after Bitcoin. So AB, and BB, or BB and AB, sorry.

Then, on the other end of the spectrum is Bitcoin’s a step change, which transformed us into homo-Bitcoinicus, and we move into the next level of existence. It's true leveling up. Anyway, I want to chunk it up, and hopefully, I'm going to be speaking about that at Bitcoin 2022. That's the plan at least. Anyway, Bitcoin is in citadels. I guess, maybe where I'll start is –

[00:03:29] CK: Let's start with the – just give the five-minute on the series in general. Maybe talk about Jordan Peterson, why you doing 12 rules and stuff like that?

[00:03:37] AS: For sure. I mean, many people listening here probably has come across, or if not just come across, they're probably quite aligned with, or “fans” of Jordan Peterson's work. I came across his work years and years and years ago. I read Maps of Meaning when I was in my mid-20s. I guess, being a young 20-year-old, I didn't really appreciate it as much, but I've always been a student of all sorts of psychologists.

I've always said, my three or four favorite people who are thinkers in that realm, Alfred Adler, Jordan Peterson, Tony Robbins and Viktor Frankl. In fact, I'm looking at Man's Search for Meaning now. A little book I carried around with me all the time. Anyway, over the last couple years, we've seen, or actually, it's probably over the last year, we've seen Jordan Peterson’s thing rise up. It's funny, I've got a tweet, and I think this is on my old account, so I don't have proof of tweet at the moment. It was on my old account before it got nuked.

I did some predictions for 2021. I said, this year, we'll see some big names get involved in Bitcoin. I predict Jordan Peterson. I think, I said Elon Musk and Tony Robbins. We've had two of those. Let's see, I'm pretty sure Robbins is in there as well. Probably all three have come through.

[00:04:50] CK: I can guarantee you, Robbins has been in longer than – and before your prediction.

[00:04:54] AS: Both of them. Yeah, yeah, yeah. Both of them. Exactly. Exactly. I think, from a more public standpoint, perhaps not. Anyway, I wanted to then, like early this year, I decided, look, I'm going to write about Bitcoin through the lens of Peterson's more digestible work, because Maps of Meaning is really, really heavy. Most people haven't read it. Most people are not even familiar with it. He wrote that, I think, it was almost 20 years ago now.

What I took was the book, 12 Rules for Life. I said, “All right, I'm going to take the principles that are discussed in each of the chapters,” because the chapters are dense. Each chapter is actually quite broad. He does have a title and a name for each chapter, like the first one, stand up straight with your shoulders back, etc. You go in there, and there's all sorts of principles, like the whole lobster meme comes out of that first chapter.

What I've been doing is I've been distilling the essence of each of the chapters and talking about Bitcoin through the lens of those lessons and those ideas and those concepts. For example, the first one I did is called Bitcoin territory and hierarchy. I dig into how Bitcoin actually makes proper functional hierarchies of competence possible. Fiat actually turns us into a world in which we have hierarchies of incompetence, or what I call fiat hierarchies, in which they're top heavy, everything's a fucking disaster. There's no competence involved in order to get to the top. It's about rigging, the game, etc., etc. It's a lot deeper than that. There's all sorts of things.

Yeah, that's where it started. I wrote that one earlier this year. My plan was to get one out a month, but I have too many other things to do with business and all sorts of other shit. Yeah, it was around that time that CK reached out. Then I started moving the blog over to Bitcoin Magazine. Then the second piece I did was Bitcoin Chaos and Order. That was also a really deep piece, where I went into the philosophy around the study of matter, versus the study of what matters, which is basically, science and philosophy, and how the pendulum has completely swung to the study of matter, where we as a species, have attempted to define everything we see, touch, and interact with around us through an empirical lens, where nothing actually has meaning, and we're not interested in why it matters.

We're only interested in some empirical model that we can measure the world through. That's where you get the rise of Keynesian economics. You get the rise of all these stupid epidemiologists, thinking that we're all built the same and that if you build a spreadsheet of viral coefficient, everyone's going to be dead in six weeks thing, right? It goes into that. It goes into the deeper nuances around the meaning of what is chaos? What is order? How do they work together, and how Bitcoin not only enables an interplay between chaos and order, but it lives right at the nexus of both, which is also funnily enough, where life actually lives. Life doesn't live purely in the realm of counsel, purely in the realm of order. It lives at the nexus of both. That was that piece.

Then, the one here that we're going to be discussing today is Bitcoin, Bitcoiners, and Citadels. The basis of this one, I'm just double checking what the rule for Jordan was called. It's called, make friends with people who want the best for you. I started writing this, it's been almost four or five months now. When I read that title, I was like, “Hey, make friends with people who want the best for you.” What the hell does that remind us all of? Bitcoins, of course. It's like, what group of people on the planet actually give a fuck about the world and give a fuck about making things better, fixing the money to fix the world than Bitcoin? It’s like, who is more optimistic in the world than Bitcoiners today?

Everyone else that you can compare it with, whether it's the laboratorians, or the fucking nihilists, or the salty socialists, or the fucking retard, democracy, Maximus. All of these people have either no solution, they're complete nihilist, they've given up, they're cynical, they don't care anymore. Or they're trying to play the games that they can get mine, and just win as much as they can, like the Silicon Valley SOIs and the shitcoiners and everything.

It's like, who are the people who want the best for you? That's what inspired the title of this piece, which is Bitcoin, Bitcoiners, and Citadels. Yeah, it's been quite a while in the making, this piece. Actually, while I was about 70% through writing it, I was writing a section in there, called Bitcoiners are the Remnant. As I started getting into that, I'm like, “Fuck. This is going to end up being way, way, way too long.” I realized that there's an entire piece in Bitcoiners are the Remnant. I was like –

[00:09:42] CK: I'm glad you broke it out.

[00:09:43] AS: - spin it out another piece.

[00:09:44] CK: I'm glad you broke it out, because y'all, Bitcoiners are their – I guess, we don't need mass adoption. Bitcoiners are the Remnant is one of my favorite pieces. I would say, it's strongly influenced how I look at my job, how I look at Bitcoin Magazine. Alex, kudos. I know that that writing is off of a recommendation from Francis and gray, older essay and stuff like that. Really, really great work and highly recommend everyone to check that out and read it. Relatively quick read. I believe that Guy Swann is going to be doing an audible version of that shortly, too. Make sure to check it out.

[00:10:21] AS: Absolutely, man. Thank you. Yeah. I then got around to just getting this piece finished and publishing it. I mean, I don't know how many people in the room have read it, but I guess, we could go through a question-answer component of it, CK. I don't know if you've had a chance to fully read it or not. We can go through the sections and I can dig into what I think are the highlights and the important pieces for this.

[00:10:46] CK: Yeah. No. I think we can go through the sections. I would also love to after hitting on one, letting Untapped, or Rob, or some of these guys on stage react as well. I mean, I don't know if you have it in front of you, you want me to guide that. Yeah, let's go for it.

[00:11:04] UG: Can I chime in something real quick, if that's good?

[00:11:06] AS: Yeah. Go for it, man.

[00:11:08] UG: Before you even get into the Bitcoiners and Citadels part, the Bitcoiners are the Remnant; I think, a really important thing that ties into this topic of the citadels is the fact that not only is Bitcoin the shelling point of money, but Bitcoiners as a culture is the shelling point of what's being built as the revolution itself. I see this so much in what I'm doing, where it's happening in the real world, that it's a gravity, it's like a locus of power, where the people that actually have a real ethic to them are assembling around this culture.

That flows into this intelligent minority that has this power to get close to those who want best for you. That remnant flow, it's not toxicity, where it's driving people away. That's the strong center that actually enables us to coalesce around truth, to flow into what you're talking about now.

[00:12:03] AS: Yeah, I would argue it does both. It either goes right over the head of the “the masses,” or it drives away what I would call the parasites. I'm doing a part two of the Remnant piece called The Remnant, the Parasite and the Masses, just to dig into a little bit more of the nuance around that, because there was a bunch of people who misinterpreted some of what I said in that article. Yeah, to your point, Untapped, is that Bitcoin as a shelling point, and Bitcoiners, as a people that have aligned themselves, or been drawn to that shelling point, we are actually toxic to the status quo, in the same way as a white blood cell is toxic to a sick cell in the body. We are toxic to that, because we are fundamentally subversive, and we're building something that is incompatible with the status quo.

We are also simultaneously a magnet, like you said, a shelling point for others. This is the point of that remnant paste that I did. The message of Albert Knox essay from the 30s was that, to be a prophet of the remnant means that when you speak, if a 100 people listen, one – Sorry, if a 100 people hear it, only one person might listen. It's that one person who listened that matters. That's the person that you want to attract. The other 99, I think, is fuck. Doesn't matter.

Again, CK mentioned that, that shaping, that worldview is really important for us, because this age of Bitcoin, this period that we're in now, and we're probably in for the next 10 years, this is going to be the most significant transformation of the social structure of the world that has ever fucking happened. I don't say that lightly. That's the people you want along your side. We use the analogy of The 300 during the last conversation, which is you don't want the Acadians who are like, one’s a farmer and one’s a fuckin blacksmith and this and that. You want the fucking soldiers alongside you, because this is – make no mistake about it, this will be a battle for the next 10 years.

If we win and survive on the other end, the masses, the rest of the people just will end up on Bitcoin by default. If we don't, the rest of the people will just end up on fucking worldcoin by default, right? Or fucking pin-up the coin, or whatever other horseshit, biometric, fucking facial recognition version of a coin that is –

[00:14:31] CK: Speaking of Silicon Valley not caring about you.

[00:14:34] AS: I know, right? Literally. They like, “Oh, hey. Hello. We've got a worldcoin for you and it's coming, facial recognize yourself if you want to be able to.” I mean, talking about hubris. Jesus Christ.

[00:14:47] CK: Joel, you want to jump in here?

[00:14:49] J: Yeah. Because there's a scripture verse that I really like, that’s about this. It talks about the train of the victory parade, smells to some life and the other’s death. That's what we are as the remnant. We're leaning forward towards the new world and the emergence of truth and justice again. To some it smells like life, because it's hope, and to others, it feels like death, because it's justice.

I saw this even yesterday with the guy you set me up with, where there's another prophecy and scripture about the smoldering whip he won't put out. It's this idea of those who hope has gotten thin. These are people who value truth, they value integrity, they value goodness, and they've gotten so fed up with the brokenness the system like, “The guy you set me up was Svetski. He doesn't even want to come back to the US. He wants to hide out in a third-world country, because by being here, it's like, he feels it grinds against his soul, because it's so evil, what he knows is happening.” It's like, how can you be here and not be at war with it?

This emergent remnant, it's divisive for that reason. Also, it's beautiful, because those people who are the good people, they're flocking to us. I'm seeing it with what I'm building so strongly. It's even the ones who have lost hope. It's those that got a little fragileness to them, because they held on to goodness for so long and never saw it manifest. It's like, it has a compassion to it. It's not toxicity is stubbornness. It's love, it’s realness, but it's divisive, because that love burns with truth.

[00:16:19] AS: Very nicely put. That was beautiful.

[00:16:21] CK: Yo, hey. I want to get into the article, Joel. Thank you for adding all of that. I think, the victory parade prophecy analogy is a very good one. Thank you. Alex, let's get into the first part. Again, talking about you want to surround yourself by people who want the best for you. Again, I would say that I've never been around a more productive, passionate, just incredibly optimistic group of people than Bitcoiners. That's the foundation of Bitcoin Magazine. BTC Inc., is hiring Bitcoiners and building from there.

[00:16:57] AS: Yeah. I mean, I'll open it with the little phrase that I've got in here. It says, Bitcoiners here, like to point, Bitcoiners are the only crowd I have found whose primary interest is not getting rich, but fixing the money, so we can fix the world. When behaving in a manner that some might call toxic, are merely just being intolerant towards skewing the core idea, away from the message, and doing so from a place of deep insight and caring, which I think, literally just echoes what Untapped said and what you're reinforcing there, CK.

When people look at the article, they'll see the meme in there with the soldier, who's getting knives and daggers and grenades thrown in the back of him, covering the newbie in the space. The other piece is like, I say, Bitcoins truly want the best for others in the world and are not willing to compromise on what it will take to get there.

I think, just that very notion of the right people, the right community, and surrounding yourself with individuals who wants the best for you and genuinely want the best for you is quite rare, and is a good thing. To echo Jordan again, he says, that you should spend your time with people who want things to be better for you not worse. He reminds us that it's a good thing to choose people who are good for you and demand the most of you. It's not easy, because the tendency is to choose those who accept your faults, which may not actually be so good for you. This actually relates to his previous rule, which are about Bitcoin Chaos and Order, is like, a true friend – I've banged on about this in different ways over the years, but it's like, a true friend is someone who genuinely be happy for you when something good happens for you. Also, a true friend is the one who will call you out on your fucking bullshit, when you are not living up, or behaving by your standards.

The fake friend is the one who will just say, “Yeah, yeah. It's okay. I accept to kumbaya with friends and everything,” when you are being the worst version of yourself. That is not the fucking definition of a friend. A friend is someone who has the courage to call you up when you are being a dick. That bleeds into this next piece here, which is entitled Friends. There's a quote here from Tony Robbins, which is, “Pick your friends carefully, because who you spend time with is who you become.” Again, who do we want to spend time with?

Jordan, in this chapter, he talks about how in his early days as a teenager, he was in Alberta and everything was cold, withdrawn, nihilistic. Doing anything was seen as uncool. He describes how he's friends were that. He wanted to escape from that to do something with his life. I just find such a strong analogy between that period of what he's describing, as what he's describing there is not true friends. It’s just this community of effectively deadbeats. The people who wanted something better for their lives, they actually got the fuck out of there. They went and worked on the oil rigs, etc.

The analogy for me is the hopelessness and the nihilism we see in much of the world today. It's like, we're surrounded by people who have either literally given up, or have been brainwashed by mainstream madness. People are seeking some form of distraction, or escape, because they can't handle being alone, long enough to face themselves. They literally feel the specter of their own increasingly meaningless existence.

I remember, I think it was Bobby Show or something on Twitter. He did a post saying, “Why is depression so prevalent today?” I just answered it, “I'll tell you why. It's really simple. Is depression is merely the body's signaling mechanism to tell you, you are not performing, or doing, or behaving, or acting in a way that is in alignment with something that you find meaningful.” If you are living a meaningless existence, you will, by definition, be depressed and continue to be depressed.

Why is everyone's fucking depressed today? Because everyone is living this meaningless existence. When they feel a little bit of pain, or feel a little bit of suffering, or feel a little bit of discomfort, which is the nervous system’s way of telling you that something is wrong, that you need to fix it, that you need to change it, they go and dope themselves up with a fucking anti-depressant, or some fucking mindless music, or some mindless Netflix, or some fucking food, or some retard friends, or going out and fucking drinking, getting blasted, or going to parties and all this shit.

It’s always a fucking distraction from fixing the underlying problem, which is the meaninglessness. This is where a powerful community of friends, or a powerful peer group is really one of the most important ways to fix it. You don't fix depression by doping somebody up with fucking anti-depressants, and screwing up all their other systems. You help it by adjusting the environment and putting them around people who want better for themselves and for others. That's where we bleed down into community, which is the next subsection. I don't know if there are any comments there.

[00:22:13] CK: I mean, I guess, this relates to community. I feel like, there are very much connections between let's just call it what Jordan Peterson is talking about, what Bitcoin and the Bitcoin community have emerged into, and then what a lot of religious groups and communities provide for the people who subscribe to those communities.

I feel like, obviously, we're in a world where those religious communities are big time in the decline. I don't know if that's a good thing, or a bad thing. I have a certain strong affiliation, but we're also seeing that coalesce with people not having a purpose, people not having that strong group to lean on, whatever. I feel like, there's definitely some adjacencies there. I see Untapped is raising his hand. I'm curious if that sparked an idea in his mind.

[00:23:05] UG: You guys are going to have to keep quoting scripture verses today, man. There's a verse that says in Proverbs. “Guard your heart above all else, for from it follows your life spring.” It's your source of light. A lot of religious people quote that as a reason to never do anything wrong. It's all about being really careful not to give your heart away. I think, that's all totally wrong. It's meant to say what Svetski is talking about here is, when you lose purpose, when you lose connection to your heart, you lose the essence of your creativity and your impetus for life that enables you to go out and actually change things and build and rule and steward.

It's like, Bitcoiners are the only ones who have done the due diligence to not trust, but verify to have real hopes. Another verse in the the New Testament is, “Don't place your hopes in things that can be corrupted down like and things below that place it above, because where your treasure is, there, your heart will be also.” Is this idea that what you treasure is what you place your hopes in, so don't place them in things that are corruptible, where even rust and moss can destroy.

Bitcoiners have stepped back and really stole the way to the very bare bones of first principles of we're all trusting this external world of fiat and all these things we’re dependent on, and this whole fucking thing is a black swan. It's like, where do we actually want to build our foundations of our life? What do we actually want to place our hopes and trust in? This whole culture of verification is pursuing truth of I want to trust. I want to fill my heart and my life on purpose and on things that are real. It's such a beautiful return to integration of being again, which is why I think Bitcoin is awakening Renaissance, men and women, the way that it is.

[00:24:48] AS: It really is. It really is. I mean, see, I've read little bits and pieces of the Bible maybe when I was a kid. For me, this is, I guess, when I hear things like that, it reminds me that wisdom and principles are timeless. Fads are new opinions that people have on a fucking day-to-day basis, and they change all the time. It's like, tactics are meaningless. Principles are things that are timeless and that emerge over time and that we see consistency around it.

It's like, you've got the same principles that were found back when those verses were written. Here we are discussing the same thing thousands of years later, and nothing's changed. This is a way to behave and a way to act that is consistent with natural order, basically. That ties into Austrian economics and ties into all sorts of stuff. It really ties into the heart of what Bitcoin actually means and represents. I love it. CK, did you want to pull in any other threads there? Or do you want me to continue here?

[00:25:48] CK: I was busy showing the spaces. I'm curious if Rob, Mitch or Alex want to jump in at all? If not, we can go into the next section.

[00:25:58] RH: Yeah. I think, Svetski, I would highly recommend listening to Jordan Peterson's biblical series. He goes through the Old Testament. He just goes to that in Genesis and takes him 30 hours to go through. Or talking about these deeper trends and stories about the evolutionary and biological nature of these stories that are told and passed down through the Bible, and how they have a deeper meaning. It's just one of those things I would just definitely call out as a fun thing to dig in deeper, because I think there's definitely a lot of crossover there from a worldview and perspective about these deeper times, and traditions which erode away in modern technocracy, where we think that we have this newfound truth that we cheat ourselves out of these deeper, longer, multi-millennia old traditions and patterns and faiths and traditions that we follow.

[00:26:43] AS: Couldn't agree more. Actually, my exposure to biblical stories has actually been that. I haven't gone through his whole series, but just anecdotally listened to bits and pieces of his stuff. I mean, I've digested fucking so much YouTube material from Peterson. I used to basically, during the lockdown, that was my gym workout was just clips of that just playing in the background, while I'm lifting weights.

[00:27:07] RH: 2017 was me going down the Peterson rabbit hole, watching all of his lecture series, just as the end of the year is Bitcoin is ripping in price.

[00:27:15] AS: At the gym?

[00:27:16] RH: No, not at the gym. At home –

[00:27:18] AS: Come on.

[00:27:19] RH: Commuting. I know. I'm setting up the home gym now during the whole lockdown, but just setting up a home gym. The punch line though is, I think, listening to his stuff back in 2017 actually gave me a deeper conviction for seeing the longer-term pattern, and what we're all really here for, which I think your article really does a great job talking about. I don't want to jump ahead of the article, but loved it.

[00:27:40] CK: Alex got so excited when he thought that you listen to Jordan Peterson at the gym. He was like, “Oh, my God. One of me.”

[00:27:46] AS: Another one. Another one. My girlfriend always gets fucking annoyed at me, because she’s like, “Can we listen to music?” I'm like, “No. We’ve got YouTube clips to listen to.” She’s like, “Fucking hell.”

[00:28:00] CK: You’re like brother, man. He'll force his wife to listen to these tech videos and stuff like that. I can't do that. I'm too nice.

[00:28:07] AS: Yeah. Well, no comment on my partner. I just –

[00:28:10] CK: Wait, Alex. Alex McShane, do you want to say something?

[00:28:14] AM: Yeah. I just wondered if you could speak more to – it seems to me that the great cardinal sins that you're talking about are one, complacency. The second would be impatience. In my opinion, buying Bitcoin is an act of rebellion against both. This is the act that will break both of those, because you have to fundamentally admit, you didn't know something about money, and you have to begin the process of relearning and re-educating yourself when you start to buy Bitcoin. I was wondering if you had more comments about that.

[00:28:46] AS: Could I ask you for a favor on this one, Alex? Could we dig into that one on our pod next week? Because it is a little bit off from where I wanted to take the article right now.

[00:28:54] AM: Absolutely.

[00:28:55] AS: Is that cool?

[00:28:56] AM: Yeah, for sure. Thanks.

[00:28:56] AS: Okay. Sweet. Sweet, sweet, sweet. I want to keep that primed for then.

[00:29:00] CK: Write that question down. Aleks, let's dive it back into the article.

[00:29:04] AS: Okay, so next piece, community. We bled into that. Jordan reminds us to find friends, a peer group and a community, and not only want the best few but are also aiming up. That's what we find in Bitcoin at almost every level. When people look at it from the outside, it looks like this fucking shit show of people screaming at each other. It reminds me of that Rexona ad, where you got everyone flying around off the top of cars and falling out of buildings and everything's on fire and shit like that.

That's what it looks like. Ultimately, this is a free market way for us to – and I'm mainly referring to Bitcoin Twitter, but even more broadly as this is our way of keeping each other honest, strengthen each other's resolve, and sharpen each other's wits. It's the classic, iron sharpens iron. For me, again, I've never come across, or never come in contact with another group that's so diverse in background and experience and an age and gender nationality, race, whatever the fuck it is, but we're both simultaneously willing to get people in, new people in and get them on a path. Also, call out in earnest, people who internally are attempting to stray away from the path, or the false prophets that are out there trying to herd people off the fucking side of the cliff and charge a ticket along the way.

That makes for really incredible community, unlike, nothing probably any of us have ever come across in the past. In here, in this section of our community, I've come up with a phrase and feel free everyone to go and use this, but Bitcoin is what I call realistic optimists. To me, I'm trying to define that term as we as Bitcoin as a pessimistic about the short-term, because we're honest enough to both acknowledge the problems we're facing, and call them out, but we're also optimistic about the long-term, because we appreciate the nuance of what has worked in functional free societies. We know we also have the ultimate tool in Bitcoin, whose very fucking existence, corrects behavior, and time preference at the level of the individual. That is so important.

It's like, we're pessimistic and we're a realist, but we're also optimistic, because we know we can fucking win this and we've got the ultimate tool. When you contrast that with the nihilist, and like I said before, the salty socialists and the libertarians, they will give it up. We know that there's challenges ahead. In fact, a lot of people when they’re like, “Oh, yeah. You think it's just going to be some utopia.” I think Bitcoin is, understand the challenges ahead better than just about anybody else out there.

We understand the nuances. We just happen to be the only people with a fucking plan, with a functional goddamn plan. We're not out there waving banners, and like that Chris fucking Sukoshi moron, putting stickers on places and thinking, “Just say, no, he’s going to actually fix anything.” It doesn't do anything. I've broken it down in terms of three things that we do is we as Bitcoiners, we fix the upstream issue. In other words, how human action, natural resources, time and energy are measured. We’re like, we fix the money. We also build tools to ensure that everyone can participate, so that the most powerful tool, which is money is unable to ever again be commandeered by anyone.

Simultaneously, what you have is you have this this shelling point for individuals who have a devotion to the pursuit of truth, from first principles, across all of the dimensions that matter. Those three things are what we do simultaneously. I make a point in here that being a realistic optimist is a very fine line. It really genuinely requires a depth of character, and an ability to grasp nuance, like a few others can. Then, I contrast that with what the world is full of. I’ll read a couple pieces here from the article, which is, you've got the nihilists, and the people in the legacy world, who've given up, or don't believe things can get better. You've got the ignorant sheeple, which is the masses. They're willing to submit to the status quo and literally, turn a blind eye to a constantly diminishing quality of life, and a simultaneously increasing level of centralized tyranny in the world.

They see worldcoiner, “Okay, fine.” We're also dealing on the other end with scammers who want to use narratives, such as decentralization and buzzwords, like fucking blockchain and crypto to basically confuse people and swindle them out of their money. You've got what I would call, the naive optimists, who genuinely don't understand what's going on the world and they put lipstick on a pig, and believe they've made it beautiful. It's like, the modern Silicon Valley, tech entrepreneur, that's building the next pointless financial social app, literally represent that archetype. They're so caught up in this fake innovation, that they have no idea what they're fucking building in the first place. They have no idea that they're building another house of cards. Because the incentives are so skewed, they have no idea that they're actually building their own prison. They're dumb as fuck.

[00:34:05] CK: No, seriously. It is insane. It's like the geniuses at open table who are like, “You know what? We’re going to integrate with face scanning and a vaccine past, so that way, it's as convenient as possible for diners and restaurants to comply.” They build the panopticon, because they're innovating to bring convenience.

[00:34:25] AS: Correct. They're building their own fucking prisons, and they're doing it under the guise of innovation. That's why I call them these naive optimist. They think that things are getting better. They think that that's a good thing, but they’re dumb. Then, the last class – Sorry, go.

[00:34:37] CK: I apologize to keep interrupting, but just to double down that, Bitcoiners are the only ones that are paying attention. I remember when open table actually did make that announcement that they were going to be complying with clear system. If you look in the comments, literally only Bitcoiners were commenting. Only Bitcoiners were dissenting. It was quite unreal that no one else was engaging with this thing. No other community in the entire world. Sending it back to you, Svetski.

[00:35:05] AS: Yeah. A 100%, man. I guess, that really just echoes, again, the difference between what I would say is a shitcoiner and a Bitcoiner is like, Bitcoin is a building tech that is deceptive in nature, or maybe that's not even a fucking word. It's aversive in nature. We completely disregard the old world and we're like, “No, no, no. We need to rebuild this in a way that's incompatible with the old world.” These guys are just literally sitting there with a smile on their fucking face, putting lipstick on a pig and saying, “Hey, look. It's better. Now, let's fuck the pig.” It's like, “No, it's a bad idea. You don't fuck pigs. That's called bestiality.” That's what basically, we should call Silicon Valley people, pig fuckers, because that's what they are.

Moving along. The last two kind of people that the rational, or that the – sorry, what am I calling us? Realistic optimists fighting against is the deranged power brokers. They are the ones who understand the game and know which levers to pull. They are intimately aware of the structural inadequacies and they know where the maximum points of leverage are located. Instead of doing something to make it better, they use these insights and their intellect to gain the system and take advantage of others. That's people like your Ray Dalios and your hedge fund managers and the top end bankers and stuff.

They know it's fucked. They’re like, “Yeah, the world's fucked, but I'm just going to take advantage of it, because I know the game.” Like Keith McCullough, I know, my four cycles, and my quad poor and all that shit. That's those people. We're dealing with those fucking idiots. A lot of the parasites. Maybe there's a another one in here, which is the parasite, which is the Klaus Schwabs of the world, but that's probably – there's a big similarity between those archetypes.

Then lastly, and this one's really important, as we have what I call the bitter, salty, intelligent people who have been right about the state of corruption, and have chosen not to participate in either the scams, or “the game.” Now, they're like, the disillusion from having watched the madness and hysteria continued for decades, despite the gaping holes that they've often eloquently, irrationally pointed out. They've seen so many prior attempts fail, so they no longer even believe that there's hope. Should someone come out with something like, Bitcoin their only response is to just ridicule it, because they either resent and not having come up with it themselves, or lack the humility to appreciate that, that this may be the actual zero to one moment. This last category is your preppers, your NCAPs and your libertarians that may be very accurate –

[00:37:37] CK: Hanky comes to mind.

[00:37:40] AS: Who?

[00:37:40] CK: Steve Hankey comes to mind.

[00:37:42] AS: Hankey is an example. I mean, I think, comic Dave Smith has changed his tone a little bit. I mean, he was a perfect example for me. literally, his fucking podcast was called Part of the Problem. He was literally fucking part of the problem. Just sits there and makes jokes, but doesn't actually fix anything.

When we look at those archetypes against the Bitcoiner archetype, that's the difference between the people we're dealing with. It creates this thing, which is bleeds into the next section, which I call the lonely contrarian. Many Bitcoiners have had to go through this point of the journey is like –

[00:38:16] UG: I'd love to speak to that before you move on that.

[00:38:19] AS: Okay. Okay. Go, go go. Then, let's get into the contrarian.

[00:38:23] UG: I would say, that the difference is that we have faith and they don't. I need to define what that word faith means. Valis and I actually have a couple podcast planned. We're going to dive into that deeper. To steal from Lazar, he says that, we have these elites casting these Malthusian fear spells, to cause you to fall into a posture of self-protection. From that posture of self-protection, they manipulate the masses, they herd you wherever they want.

Then, you've got these salty people. They had the hope of knowing what was possible, but now they've gotten jaded. They don't know if you can ever even get there. They had a dream, but now the dream’s dead. What makes Bitcoiners unique is they have the inner strength to handle the tension between the world that is in the world that could be without lying to themselves. They can handle the tension of truth, and they can handle the exposure and the pain of that tension of looking at them both simultaneously and seeing it with eyes wide open, pursuing truth, but building and suffering in order to create that reality. That capacity to handle tension, the vulnerability of the exposure to truth itself and the way it hurts is what I would term as faith. Faith, rather than fear is what makes Bitcoiners different.

[00:39:38] AS: That's very, very beautifully and eloquently phrased. I would a 100% echo this idea of faith being very poorly defined in general. That being a very accurate definition of what faith actually is. Because for one to have faith, you genuinely need to envision something that is yet to exist. In order to create something that is yet to exist, it requires work, like proof of work. It keeps coming back in everything.

Work, by definition, involves the sacrifice of time and energy. That comes with a dose of pain. When you have faith, the meaning of that pain is not something that is detrimental to you. It is a meaning of earning something. Faith is the ingredient that allows you to continue to pursue that, and to endure the struggle, despite any potential feeling of short-term pain, etc., which the others, like you said, in the absence of a level of faith, they feel the pain, they feel the discomfort, and they just run from it, or they ridicule it.

[00:40:43] UG: They just hide. They hide and protect themselves from it. I mean, the price of that faith, I mean, that's the price of life itself. It's a difference between this Keynesians, who are trying to control everything, or realists who want the volatility of reality. Unless a seed falls into the ground and dies, it'll bear no fruit. I mean, life always flows from that. That's the nature of reality. Faith is that act of choosing self-death and exposure to create real life through what you do with your choices and life force.

[00:41:15] AS: Absfuckinglutely.

[00:41:17] CK: Skin deep in here, guys. Really, that was incredible. Thank you.


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[00:43:23] AS: All right. Lonely contrarian. I'm sure, many, many, many people listening to this have felt like, “Maybe I'm the fucking crazy one.” I make a statement in here just honoring this idea of the lonely contrarian, because to think we can overturn the corrupt behemoth that is the legacy financial system, and to stand strong in the face of a world going categorically mad, can be an incredibly lonely feeling. That's just the excerpt from what I've written here.

It's like, the ability to do that, this is where heroes are made. A contrarian is by definition, a minority and resides with a few others, have the insight, or the courage to do. For me, this generation of Bitcoiner, the archetype of this generations of Bitcoiner is the contrarian. I'm just going to read a piece here. It says, “The blood of the warrior flows through his and her veins. They're the individuals who are willing to be lonely, who are willing to be ridiculed, laughed at and disparaged, but still remain strong, steady and convicted.” This is what is required to transform the world from the bottom up.

Future generations will use Bitcoin, because it's the obvious thing to use, much like to use a cellphone, or Internet today. In fact, the more time that passes, the more they’re using Bitcoin, it will be like breathing air. The future Bitcoiner archetype, the future contrarian archetype will be fighting other battles and contending with other beasts and striving to accomplish different feats. It's our job to make sure humanity survives beyond the event horizon that sits ahead.

That's why this period of Bitcoin loops back into what we said earlier and actually, in a way on tap, just fucking read my mind and paraphrased this lonely contrarian piece with his definition of faith just then, which just shows again how we're on the same fucking page here, is that the ability to be lonely, to be ridiculed, to be laughed at and disparage whilst remaining strong, steady and convicted is the definition of faith, as per what Untapped just mentioned. That learning contrarian piece is just, it may feel lonely, but that is the price of being convicted to truth, and being a remnant.

Along the path, we will find other, “lonely contrarian pilgrims” on the way. For me, it's just really, really important. I think, everyone will have experienced the lonely contrarian piece, particularly in the last, Jesus, in the last 18 months. I mean, for fuck’s sake. Some days, I wake up, I'm like, the world cannot have got any dumber. I open Twitter, and I'm like, I've been proven wrong again. Literally.

[00:45:59] CK: Sir, sir, just reset your expectations. It’s going to get dumber and it's not going to stop.

[00:46:05] AS: All right.

[00:46:06] CK: Otherwise, you're lying to yourself. Untapped, back to you, man.

[00:46:10] UG: Svetski. This introduces another circularity that I find beautiful. Is it inevitable, or do we make it inevitable because we believe in it? It's like another scripture. You guys are going to have to quote me this entire call, I guess. Faith is the substance of things hoped for, the evidence of things unseen. It's like, do we believe in Bitcoin? Because it's just going to happen? We know it and it's inevitable? Or is our faith and belief in it the substance of what's going to create it and pull it into reality itself and manifest out of the ethos, right?

[00:46:42] AS: I don't think anyone can answer that. I think, they are one in the same. They are two ends of the stick. It’s the top end of the stick, is at the bottom end of the stick. Which side is actually the bottom, or the top end of the stick? I don't know. I think, it is fundamentally both. That would be my way to interpret that.

[00:47:02] RH: Just the observation of these different classes of people, right? A lot of my earlier Bitcoin journey back in 2014, through maybe 2017, before I really started getting more active on Twitter and more directly engaging with Bitcoin as a community, as opposed to trying to orange pill my existing group of friends, you find this interesting development. As a small peek forward into your comment about casting pearls at swine from Peterson, which, when I learned that in 2017, was such a revelatory concept for me, this idea of ultimately, this self-selecting community basically, brings their whole energy.

In a certain spiritual sense, their soul to be forged among the group of everyone else, as we all go through our individual journeys. I think, it's such an interesting lens of you have these different cohorts of people who are ultimately just going to be energy-draining, not productive uses of time, and you find this refuge within this Bitcoin remnant. I just think, this interesting view of the idea that there's all these different people, even the ones who are contrarians and know that things are wrong, but they don't choose to put their whole life and energy forward into a means of being able to challenge themselves and grow. Those would be your, those libertarians, many of the NCAPs. People that are preppers. People that see a problem, but don't want to do anything about it.

I thought, it was a really interesting way of seeing Bitcoin as this purifying forces of community, and that it brings out the best from all of us. That is part of this process, which I think goes into the toxicity, but I don't want to steal too much of your thunder with that.

[00:48:25] AS: No, dude. Perfectly framed. This is why when people try and say like, “Oh, are you a conservative or a democrat, or you a libertarian?” Those are the best definition I can find is on a Bitcoiner, because, NCAP and libertarian would have been how I may have classified myself a year or two ago, more. Well, perhaps longer before that, but it's like, it doesn't suffice anymore, because most of those guys, like you said, they've just – they’ve given up. This is a different realm of being, so it's very special. CK, do you want to move into –

[00:48:58] CK: Yeah. Anyone else want to jump in? Or if not, yeah, let's just keep crushing it. All right, that sounds like people want you to continue.

[00:49:06] AS: All righty. The next major section of this is Bitcoiners versus shitcoiners. This has been banged on for a while. In here, there's a couple parts that I want to pull up in here is, this idea that the Bitcoin community, Bitcoiners are the community that wants the best for you, whilst primarily and fundamentally focused on becoming the best version of themselves, okay. That's a really important thing is like, I want the best for all of you guys, but I'm not doing it in some fake, altruistic, horseshit version of sacrificing myself in the process. I am also trying to make myself the best version of myself.

The next little paragraph here says, there exists a form of altruistic selfishness. I'll say that again, altruistic selfishness, not selflessness. Altruistic selfishness, because they are striving to grow as individuals and become better at their own expense, not at your expense. When you look at that against what shitcoiners do, like the retards in Ethereum, who are trying to sell you ultrasound money out of thin air. You can change the rules on a whim and enrich themselves via pre-mines, so the new narrative every couple of months just to keep you buying it, they're enriching themselves at your expense, not at their own.

I've got a quote in here, which is, “Bitcoiners have nothing to sell you, but your own freedom and sovereignty.” Everyone can go ahead and use that if they want to, but it's like, that's what we're here to sell people. I'm not here to sell you like, when I actually go until people to acquire Bitcoin, I'm actually doing myself a disservice, because there's a fucking limited amount. When everyone is going and acquiring Bitcoin, what's actually happening is if it's making any marginal increase on the price, it is making my cost of freedom and long-term sovereignty higher. That's a very fucking different thing than a shitcoiner printing a bunch of shitcoins out of thin air and selling it to you, so that you're the one holding the fucking bags and they get your actual money. It's such a flip, right?

This piece actually came to me when I was – after Bitcoin 2021, I got interviewed by some Bloomberg guy, who was like, “I liked your toxic panel and you seem to have a very interesting viewpoint on what it means to be a Bitcoiner.” I use this framing for him in one of the questions he asked me about like, oh, yeah, people say that the only reason Bitcoin has, or people in this space shill Bitcoin as an idea is because they get enriched. I'm like, “Well, no. It doesn't actually make sense.” Because I said, “Number one is, any new person who does buy some Bitcoin is actually inconsequential, to be honest. It doesn't really affect me. If any momentum is created by a broader base of people buying and HODLing Bitcoin, it actually drives up its purchasing power.” For the true Bitcoin who's never going to go back into fiat anyway, who is still attempting, like Gigi put a tweet out the other day saying, you know how well somebody understands Bitcoin, if they know that they never have enough, it means it requires more hours and more work each year for me to accumulate a single fucking Bitcoin.

That for me is few really, really understand that, and that nuance is so different. I've got a piece in here is like, shitcoiners, much like the existing bankrupt monetary system, seek to enrich themselves at the expense of another. When some group of nerds backed by Silicon Valley VCs issues their own currency under the banner of decentralization, or the good of everyone. It's funny reading this now after yesterday's launch of worldcoin or whatever. Under the banner of decentralization, or for the good of everyone, they are enriching themselves at your expense. You are funding their lifestyle, and they thank you for it.

What's funny is the frauds, like your Charles Hoskinson, and your Buterins, and your Dan Larimers and all this stuff, they're all cut from the same cloth. They all fucking hate each other, because their respective Ponzi schemes are in direct competition with each other. They’re always at war.

The blockchain is that are selling overpriced enterprise database solutions in Silicon Valley, like VCs, like A16, A16Z and all that shit, pumping and dumping new shiny crypto, they're no different. They don't want the best for you. They just want the best for themselves at your expense. That's to be expected in a world where incentives are skewed and capital allocation is broken and price signals are false. Morality has been thrown out the window, or is like, the meme in here that I've got, and thank you to Gigi is like, morality has been thrown out the window, so have principles. You look at rug pull pal, you’re like, a man with literally no fucking principles. I despise that.

I don't even want to call him a human, like that fucking worm