November 18, 2022

Episode Mine Gold, not Crypto

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Mine Gold, not Crypto

November 18, 2022

Mine Gold, not Crypto

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Episode description

In this unscripted and insightful conversation, two lifelong friends, Kris Tyte and Sean Snodgrass, dissect the collapse of FTX, illusions of value in the cryptocurrency markets, and question the effects of social media, drawing parallels to substance use. From monkey NFTs to Elon's Twitter (now called X) catastrophe, and the psychological warfare of these social platforms. Join us for raw, humorous, and intellectual exploration of the world of Crypto, economic illusions, and digital culture.

Chapters

Show notes

Follow Up Notes
Value Perception Theory says…
Discussion of how FTX went from $32 billion valuation to worthless, illustrating how value in modern society is often based purely on collective belief rather than tangible assets.
Follow Up Notes
Bitcoin vs Gold Analogy says…
Exploration of why the mining metaphor breaks down: gold has physical utility while Bitcoin lacks tangible purpose beyond digital transactions, questioning its long-term value proposition.
Follow Up Notes
NFT Theft Irony says…
Story of Bored Ape Yacht Club creator having his own NFT stolen and having to pay to get it back for his cartoon series, highlighting the absurdity of digital ownership concepts.
Quotable
“This box is worth $1 million. And a bunch of other people agree with that... all kinds of companies and trading and state exchanges and speculative markets and hedge funds... are spun up around this box, proverbial box that perhaps in reality is nothing but a cat turd in it. ”
— Kris Tyte
Metaphor explaining how entire financial ecosystems can be built around perceived value even when underlying assets are worthless.
Follow Up Notes
Human Resource Economics says…
Dark observation that humans are treated as corporate assets under maritime law, with companies taking life insurance policies on employees to protect against "human resource" losses.
Photo
Infographic illustrating the psychological mechanisms of social media addiction.
Social media Addiction Infographic
Listener Q&A
Social Media Impact asks…
Whose life would actually be affected if Facebook and Twitter disappeared?
Digital Detox Theory’s Response
Mainly businesses using these platforms for advertising and people addicted to scrolling, but society would likely be better off after a withdrawal period, similar to ending drug addiction.
Follow Up Notes
Social Media as Parasitic says…
Argument that social media platforms divert energy and money from communities without providing genuine value, functioning as parasitic systems that weaken social foundations.
Quotable
“Maybe these social media platforms and these things that are like now this new form of drug, right, this new derivative of like, it's like a social drug, right. ”
— Kris Tyte
Classification of social media as a new category of addictive substance with social rather than chemical dependency mechanisms.
Follow Up Notes
TikTok Content Warfare Theory says…
Unverified claim that TikTok shows educational content to Chinese users while showing mindless entertainment to American users, representing potential psychological warfare through algorithmic content manipulation.
Quotable
“We can start to see all of culture as this preponderance of like scheme of who controls the minds, the hearts and minds of, of of populations. And in America is corporate control 100%. ”
— Kris Tyte
Analysis of culture as a battleground for psychological influence, with corporations wielding primary control over American minds through media and advertising.

Full Transcript

There. That whole Sam Bankman-Fried shit. You been following any of that crap? Of course. Yeah. Did you read the box interview where he got up in the reporters DMs and where was going? Back and forth. Basically be a moron. I didn't read it, but I had some. I saw a thing where someone summarized it. It's like, what the hell?

Total shit show. I mean, he he says it's monkey business. I can't say it any better. You know. Yeah. Half of these cryptos are purely monkey business. Well, and he admits as such. It's like he's like, yeah, it was all a show and a sham. Pretty much. Was it summarized what he said. Right. Yeah. He's like yeah, ethics.

Oh, that was just me being full of shit and telling the regulars what they need. Working with regulators. Oh, no, I didn't really want to do that. They're all dumbasses. Yeah. It's like you're 30 years old. You don't know a goddamn thing. You should. You went from $16 billion net worth to nothing and huddling in your $40 million, you know, and home.

The only the only way that he'll turn out to be dumb, quote unquote, is if he's in five hours. Like, if it comes to that. Well, that's that's what he said in his interview. He was like, look, if I can win, then I'm then it's great if I lose. All right, then I'm a dumbass forever. Yeah. So he's got this, like, core mentality.

Like what's what's something worth anyway. You know, like. Right. You have a box and, you know, there's a, there's something in this box and, you know, typed it up. You tell people all about the box. And I mean, half of half of companies are predicated on this idea of like, just, what the belief is and the value, you know.

Right. More so than the value. And I mean, as as case in point, ft was worth 32 billion in January. Yeah. Now it's worth nothing. Yeah. And we live in, like, the society where you can't ever stop. Like the dead horse will be beaten as long as it's shitting out money. It's like, you know, you're. We're going to have, like, Thor, you know, I don't know, space cowboy.

You know, there'll be another Thor movie. It's so long as people keep watching and paying for Thor movies. True. You know, it's like, we're going to keep getting Michael Jordan, you know, associated with Nike and basketball, you know, so long as that keeps profiting. Yeah, yeah, as long as like. But, you know, then it comes down to though, you know, he built a pretty rough house of cards because, the guy who presided over the Enron, you know, bankruptcy.

Yeah. John Jay Ray the third or something. Right. Didn't he say something to the effect of the. This is the worst, deviation from corporate controls I've ever seen, blah blah, blah. Yeah. And, you know, there are some standards in place for how you account for things and whatnot to, you know, try to prevent these kind of things.

But there's so many avenues to pull those threads. You know, and again, what's something worth you know, what something is worth maybe sometimes is what someone would pay for it. Right. Or value that other people perceive something to have. And that's what we've been dealing with a lot in the last it's been in our faces with crypto. What is the perceived value of said asset.

What is the potential of this asset? I've said in our cast before that you can you can you can sort of resolve value to energy. And so like if there's been a certain number of CPU cycles or GPU cycles in the blockchain behind a crypto, there is like to some extent a base value of it. Yeah. There's like an energy value behind the mining of the coin.

Right, right. And so and people have been equating that to difficulty to obtain it. Yeah. Yeah. And then so there's like you can pin an actual energy value to it. And then on top of that you kind of have like it's this idea that it's past energy though, like it's energy that was spent in the past. So is it relevant until today?

Right. Like so relevancy of how where people put it it seems like is the mining of the gold, the mining of diamonds. Because and there's the metaphor, right. And that's a metaphor they use for the coins when you obtain them, I mind it. Right. So to that extent, I mean, I guess you can kind of pin a value to a Bitcoin or a, you know, a coin that acquire just like the physical asset.

Nobody gives a fuck how much it took you to get it. It's just a matter of what is it that worth on the up and what's it worth today? Right. So the energy behind mining gold is that the gold becomes a tangible commodity that has a purpose in physical reality. Right, right. Whereas Bitcoin I don't know, does Bitcoin have a physical purpose in tangible you know, and tangible in reality.

Right. Really not so much. So that's where kind of the analogy breaks. And then perhaps the actual inevitable value breaks. And there are some coins that have you heard of XRP? No, but I have heard of like, you know, all kinds of crazy named coins. Yeah. So XRP what their whole point of existence is, is they belong to an ecosystem created by this company, ripple.

And the whole point is to be the medium of exchange.

Between different currencies. Gotcha. So you have these, I forget what they're called, but they have you have these accounts that you have to fund at each bank if you want to each major countries bank, if you want to transfer money all around. Right. Okay. And so there's, there's trillions sitting in these accounts. Well the idea of exp is create a.

A system that works between all these different ledgers and all these different banks. And they, ripple has made partnerships with African and South American and North American countries to at least partially handle some of the foreign currency exchange duties and cut out some of the lack of speed and middlemen that have grown up around the whole process.

So they have an efficiency product for cash fluidity. Yes, I gotcha. There we go. And, Strange. Well, but I mean, hey, if there's a market for it and it seems like there is, is down like everything else, but it is never gone that high. I believe it's only gone to in its entire life, like $0.60. Gotcha.

But it's in 30 plus. Now, you know, if I. If I'm ever, the odds are against it. But if I'm ever, like, really wealthy, I'll definitely have a in my portfolio. Quote unquote. Plenty of tangible things. Yeah. For sure, for sure. Well, yeah. Tangible things, because I am not a big fan of the crypto and never have been assets.

I mean, you know. Yes, yes. And like, you know, the whole non-fungible token thing is also brings that to mind, of course, is, you know, monkey business again. Remember the, you know, those, those series of monkey illustrations, right? Right. Sold for. I mean, there's your there's your telltale sign of a yacht club. Yeah. That collectively sold for millions.

And the person that made it was, like, laughing all the way to the bank. And then, Seth Green, got his stolen. Really? Yeah. And had to pay. He found out he stole it and had to pay them to get back. No shit. Yep. Because he was using it in a cartoon series he was making. Okay, so he had to own it.

So weird.

Yeah. So, you know, again, monkey business, like, literally, I love it. You know, how much is a banana worth? You know, it's like it's, you can you can look at something to for all different ways, like, let's, let's say I'm trying to value weight a house. So what is a house worth? Well, the energy of the materials like back to the energy area.

So you can say a house is worth.

I don't know why a school bus would be so loud. It's very interesting how anyway, so incredibly loud they are. Yeah. So a house. Let's say, in a in a popular, expanding neighborhood. So you have like the retail value. You have the, you know, real estate value with comps and all that crap, like, with comparable things in the neighborhood.

What a house is worth. You have the actual energy value. Like I've said before, how much it costs to produce the materials that make that house right. You have the replacement value of the house that you have, like for insurance. Yep. So if something, you know, fire burnt the thing to the ground, how much it cost to build it back.

Right. And then you'd have market value. Of course you'd have tax value, which is like what the government thinks it's worth as far as the tax asset. Right. What's been assessed as. And my goodness, you'd have all different types like probably 3 or 4. You can even go if we want to just keep going. I mean, okay, what does a random real estate agent look at the comps and say it's worth in general on the market?

Oh yeah. Investment value like the value of, you know, if it were to be converted to a rental property rental value. Exactly. So and all these numbers are different, right. So it's like what's the actual value. Depends on the context. Right. Depends on the context. Yeah. So you know, right now in the current market my house is worth close to 400,000.

So, you know, that's to my mind, a pretty decent chunk of change, 2020, at least in 2022. Yeah it is. I paid just around one for it. So there we go. You know, that's a huge increase in value. But where did that come from. You know. Well combined with you know yeah. Sweat equity that I put into the place plus, you know, major improvements and, the, the market, the value in homes at higher.

Right. So that's a 400% difference in what it's worth. Yeah. Now, the replacement value hasn't actually changed that much. I mean, if you were to get somebody to do a new build on that land, it probably would cost more than 100 grand. Yeah. It would. No, but the replacement value of the house has always been more than the cost.

The cost that I bought it from. Yeah. That's true. Replacement has always been around 250. Okay. Okay. So to my mind, that's like, in general sort of what it's worth, you know. Well, yes. But if, the fact that you guys were to get for the housing price but the housing market softening a bit, if you guys were to get out before it fully softened, then that is an interesting color.

Twists light blue and do do brown. Yeah. Like a no. It's like the brown. Like like, when the dog ate too many bones or something. Yeah. And then we got, like, a weird pink. Hey.

I hope they kept the labels on the containers to match the paint later, because, Yeah, they're gonna have a problem with that. That's gonna paint fast in the storm. Both of the sellers. You're in it with a potato with some weird yellow and some, like, sickening bubblegum pink.

This is the positive edition. ADHD cannot stay out of a single fucking topic forecast.

Sorry. I worked at a two different paint places, and so I just think about that kind of stuff. Today we're talking about taxonomy.

You're like, wait, we just changed the fence. No. So we're talking about the value of different things, and we're talking about like how this FTX crypto market just the bottom fell out because of a run on the bank for lack of a bit of terms. Yeah. And, the idea, the idea of what has value. And so we're talking about this like proverbial box and somebody saying, yes, this box is worth $1 million.

And a bunch of other people agree with that. And then they say, well, nobody can afford that. So we'll let you buy a piece of the box or invest in the value of this box. Yep. And you have a share of it. And this value of this share goes up and down based on the perception. How could a fundraisers we are and marketers we are for what could be in this box.

And so all kinds of companies and trading estate exchanges and speculative markets and hedge funds and all these other things, insurance companies and all the are spun up around this box, proverbial box that perhaps in reality has nothing but a cat turd in it, you know, and it doesn't matter, because all these things have been spun up around this box.

And so there's a perception that there must be real value to this box. And that's the thing. There is tangible value. Once all these things have been spun up, because we look at the assets of each of those things and we say, okay, they have money, they have money, they have money. So in essence, the aggregate value of that box increases every time there's a service that depends on.

So just like every human is a human resource and a biological unit that's going to need that's going to need goods and services. Yeah. Throughout their entire life. So every time a person is born, you can assume that they're a, a corporate asset under maritime law that belongs to the government. And there are corporate entity unto themselves as a token that gets traded in all types of exchanges that are behind the scenes.

It's like your company making having an insurance policy on you, which does happen. Well, of course it happens. So like, you know, if you work for a major corporation, there's a high chance that they have a life insurance policy on your asset. So if you die, they're their human resource that is now lost its compensation. Right? Right.

Right, right. Because they have to find a replacement. Sure. And, I love this thing that this is what's going on at Twitter. I love this thing. Is like, you know, if I leave that company screwed. Yeah. Well, I think what's the love ego. I really do think what's being shown right now is that Musk is not who's creating the value at Twitter.

Jesse was creating the value, the 50% plus people. He fired the the guy he had a fight with on Twitter, who was a was an employee of Twitter until they got in a fight and his ego got bruised and he fired him over Twitter. Well, I'll fire him over Twitter. I mean, it's your that's another use of the platform, I guess.

I guess so. So the whole thing about Twitter I find very interesting is that, like the majority of the software is written and the company owns it, and so long as they're not, you know, if they're just if they're just ratcheting down in maintenance mode, trying to figure out how to make a, you know, really, really clean, streamlined pipeline for investors and for advertisers.

And I think that's what Musk wants. But he just came in there and assumed in two weeks he knew enough to put the company in maintenance mode, and he clearly didn't. Well, I don't know. Is it time to tell on that? I don't know, he's been fucking up. That's what I'm trying to say. Yeah, I can see if, like, some really heavy hitting lawsuits coming out from, like, that Lilly Drug Company and, you know, whatever.

The right Martin stock to monetize a feature that created law and prevented chaos in his company. Yeah. I mean, that's tricky. I don't know what kind of what kind of precedent or laws exist. You know, that's definitely not my area of expertise. Well, the FTC around is pissed because they were okay under that agreement that put us under for the next 22 years.

Yeah. They, before they make major changes to the platform, which this would have qualified as it has to go through a review board internally at Twitter. Then it also has to go through a review board at the FTC. The FTC is controlling what these guys can really do because they fucked up so bad before I see. Well, so and then, but then by then bringing it public, I mean a day by then bringing a private.

And they have a big difference. Make a difference. Not on this order. Apparently the Federal Trade Commission still has dominion over free. So so that would have to be worded and and crafted into like an order very carefully for it to be binding because, you know, be subjective. What's that? The FTC has got a handle on that. I can imagine being kind of subjective as what a major change would be.

Or, you know, well, I'm sure it's codified. This is just the way I interpreted the article I read. Yeah, I didn't read the step behind that and I, I I'll be honest, I probably couldn't pass it correctly. And even if I did, yeah, it's another really interesting thing about like Twitter is like who cares? Like if Twitter disappears tomorrow, I would love it.

Well, I would be a huge fan of Twitter. Disappeared tomorrow. Yeah. Some people some people like load the platform or don't use it or don't like it or, you know, don't. It means nothing to that. It's a it's a platform that Russia used against Russia and other bad actors used against the United States. It's a platform that the great orange one uses to propagate his moronic spewing.

Get rid of it. Yeah. So that's that's a more or less of what I was getting at is like, you know, does it matter at all? You know, okay, let's just say for our mistake that like Facebook and Twitter both tomorrow. Oh, I'm good with that. Like, get rid of them both. Let's say let's let's burn. Let's burn out there.

CEOs at the stake. I'm good. Oh, boy. So that's funny. So at the end of the day, though, is like, it actually means nothing like there's it's but absolutely means they would have an absolutely outsized impact on the way our world works, the way that conduct their day to day business. Really? Really. Yeah. Whose life would that have an actual effect?

There are so many businesses that are their main platforms that they advertise on is Facebook Marketplace. Okay. Assuming businesses aren't people. Who does it have an effect on the people who are involved in the business? Okay. But regardless, you know, as far as you keep talking about people being plugged into these things and being addicted to them, that's that's one of the major things that would affect there would be a social fallout.

So so there's a there's a withdrawal period. Yeah. Okay. For a lot of people that scroll this shit all day and that's like become part of their identity. They they do their identity politics through these mediums. Right. But at the end of the day, the person gets over their drug addict addiction and the withdrawal symptoms reside, and they're probably better off for it.

On the other side, there are better off for it. Who cares going to be? I mean, there's going to be this outcry for probably months. Let's say if argument's sake just to this this automatically then then begs the question from my mind, it's like, let's say for argument's sake, we could wave a magic wand and literally crack down on all drugs.

All legal drugs, like finally crack down on it. Totally get rid of it. The war on drugs is over. The war on drugs is one. Right. And? And Reagan raises from his grave in class. Yes. And, you know, through technology, every drug dealers identified, all of its put to a stop. Finally, once and for all. All bullshit drugs are stopped.

Right. Let's just say society is like there's a certain element of society that's going to have some serious fucking withdrawals and going to be in a bad freaking way for a long time, for quite some time. But it's probably not going to be in the order of months. Okay. And there's a shadow economy to surrounding it. Okay. So we take that hit, we take the withdrawal.

We take the pain, suffering that a lot of people, not to mention all the deaths we start preventing because there's tens of thousands of deaths each month from fucking drug overdoses. But anyway, that aside. And so there's this huge fallout, right? Like, all these drug dealers don't know what to do now. And a lot of people that do drugs on the regular or use it to mood regulate or to we don't even you're saying we're not even giving a drug dealer choice of what to do.

We already snap them up. We've got. Well, that's not necessarily just the the faucet for the whole system has been turned off. Okay. That's how I'm visualizing this. So you got all the big dudes, all the suppliers, the the chain is shut down. You might have a few little fish swimming around. Yeah. So we have a large number of people that are temporarily suffering.

Okay. Because it's painful when you're at it and you're not using psychoactive drugs on the regular and you're addicted to them, it's pretty convenient for boys wondering what to do with them selves. Yeah. And their dreams gone. But in six months, in a year, in two years and five, ten years, are we way fucking better off or are we?

I bet it would be five years or more. Let's say let's say it is. Okay. So let's say it's a growing pain for a new paradigm, a new a new standard. And this shit's gone. Are we better off as a people? You know, you could argue that it's a very parasitic thing that diverts energies and monies and that it does nothing but hurt communities if it's outside of the tax and regulate system.

If the stuff that's made its way into the tax and regulate system, that is drugs from alcohol to cigarettes to what? In some states, yes, I'll call is still the biggest killer, blah blah. But let's just say for mistake like this that the current norms and status quo for our society, right? And so we're talking about the illegal drugs, cocaine, fentanyl, you know, yadda yadda, heroin and all that.

What I'm saying, that stuff, that stuff you could argue edify builds up because it isn't a tax and regulated system. It's not as much of a hit to the community because the resources aren't being bled out and funneled elsewhere. Yeah, I'm not getting into a big what if, though, right now about like, you know, what if we just made them all legal and then tax and regulate it?

You know, I'm not saying I'm saying I'm saying we're taking those drugs that someone might mention as being still drugs and taking them out of this equation. That's what I'm trying to say. I see I second. So organically, biologically from a social standpoint. Is society better off if it didn't have these states? There'll be some there'll be some pains of not having those things right.

Maybe rock and roll music isn't as creative, but you know, they'll there'll be some there'll be some, you know, maybe Hollywood isn't as hyped up. Yeah, right. Yeah. So there'll be students and Ivy League universities aren't staying up all night on amphetamines and, finishing papers. Yeah. And, What is it? Adderall. That their friend from their friends prescription, you know, or whatever, but the.

You know, the point is, I would argue that I would say, most likely my intuition is that we would be better off. Yeah. Yeah. Right. So, I mean, I can't see how you'd think otherwise, you know, and so maybe these social media platforms and these things that are like, now this new form of drug, right, this new derivative of, like, it's like a social drug, right.

We might see in the day just be better off for it. And maybe Musk is doing a huge service to get one more of these, forms of cancer, you know, out of our fucking society. More than likely, this canker upon the ass of society will persist. And Musk has really just got some kind of idea to take this user base and funnel it something else once you fucks this one up.

I don't know. And then this massive corporate control of even foreign corporate control of, you know, the kind of algorithm and what gets on these platforms is, from what I understand, there's a certain fragment of government that's trying to get rid of TikTok because foreign controlled. Yeah. So and from I don't know how true this is, but I've heard that if you watch TikTok in China, it's filled with science experiments that you could do at home and inspirational videos for the youth.

And because the government requires it. Right. Would you watch over here? And it's underage girls in a bikini lip syncing and you know. ET cetera. References to drug use and on and on and on. Some redneck commenting on cooking videos from YouTube. Yeah, more or less mindless, mostly dumb entertainment. Very, very low intellect content in its preponderance.

See what I'm saying? Yeah. So if someone is like, pulling a thread and consciously making that choice, saying, hey, for this, for our rival, government or for our rival society, right. We'll, we'll we'll portray ignorance.

And, I don't know. Low value content will portray consciously, right? Not just us. Because what they want. That's what we'll push. And then in this society that we like, we have tight control over, over and want to further in our own minds. Yeah. We're better in from our best assessment. Improve okay. By showing this content inspirational, thought provoking and critical thinking content.

Let's get inevitably influence the users right. If some company consciously did that from a government standpoint, you would think that that would be something you'd want to get rid of. Right. Like I would if that were the truth, I would side. I'd put my vote on the idea of, yeah, let's get rid of it. That's bullshit. My vote is always going to be.

That's a form of attack. I am an old man shaking the sky. Whatever it comes to social media. I am all for absolutely annihilating, burning it to the fucking ground, getting rid of all of it. Okay, okay, okay. That's that's that's powerful. And the reason I say that is, I feel I feel there's effects in the people that I care about.

I see is that a form of warfare that I. I'm sorry I had to get that question out. Like. So is that a form of warfare on your citizens? I think it is a foreign company. Is is one of the largest now a a foreign companies. One owns and operates a foreign government. Right. Right. That's an adversarial government makes the most popular social media on the faucet for this platform.

It controls it and like you said, controls the content per region. Right. And has an actual agenda to push certain narratives and content on there that's going to inevitably harm your society. Okay. People are people I could imagine would respond to this and say, this is like the Red scare, you know? Oh, I think that it's probably overhyped for sure, but let's just say there's some let's say there's a degree of truth behind it.

Yeah. You know, and we were in office or, you know, we had a vote in this. And just saying what to do is my vote. Yeah. Get rid of it. Because under the same kind of vein of like Twitter, we're talking about Twitter here, right? It's like it's not something that people have to have or they need. Well it's something it's a if you use that trite phrase, it's another opiate for the masses.

It's another thing to keep them in size and not paying attention to what's happening around them or bettering themselves. So let's say that a foreign country is exporting through missions, a certain religion to your country. That's very much disrupting your culture. Like this happened in Korea. In Korea there was all these old Buddhist temples and, you know, Buddhism was whatever, you know, were the biggest religions and then missions, foreign missions.

All of a sudden you start seeing these little church, little crosses appearing everywhere in the skyline. Right. Having a major impact on culture, right. Could that be seen as almost like an act of war against. You're against your people. All right. Why wouldn't it be? Because you've you've seen. Psychological operations. Sure. You participated some degree in. Oh, yeah.

Sure. And, I mean, it's a pillar of modern warfare. Not by choice. By no, by order. Right. But it's a pillar of modern warfare, is it not? Yes it is. And so. So we can start to see all of culture as this preponderance of, like scheme of who controls the minds, the hearts and minds of, of of populations.

Right. And in America is corporate control 100%. So if there's one more juggernaut of psychological psyops on our people that gets their head cut off, who cares? Who cares? Because there's a thousand more behind them to replace it. You know, if he must fires everybody in Twitter goes in the fucking shit and turns out to just be a complete technological fail of our time.

Right. And the 44 billion he spent evaporates. And that puts a pinch on his assets. Good. And he falls dramatically from. You will find me cheering in the streets. I'll have a quitter is dead party. Okay. So that's what I'm saying. Who gives a fuck? Because there's there's 50 other Twitter clone. You know, true social will take the place.

Even one of the, one of the things that's rising is least having a it's 15 minutes of fame. If not rising to prominence, is Mastodon decentralized Twitter? Okay, there you go. It is open source and free, and you can set your own one up at home. Yes. There you go. So, you know, I can see a future where, you know, that and all the other.

I'm all for a microblogging platform where people have more control and sway over the content. So the youth isn't spending much time on Facebook, right? And the youth isn't spending much time in church. And that tells me that the church and Facebook inevitably have a big problem on their hands when they're when their actual power and influence is waning.

Right. They have to they'll have to do something to react to, to bring those people into the fold, or they're going to die on the vine. Right. All right. And so what is the church doing for the most part, right. Well, they're stuck in their waste, so they're mostly atrophying and they can't help themselves. So they're going to fall on their own sword.

Right. And the ones that are using social media effectively are sometimes being unveiled as a little less than savory. They're being unveiled these megachurches that know how to market themselves. Yeah. And they have rock band up there. And they have, you know, they're cool. They're often embroiled in scandal. They're often, you know, predicated upon things that we don't associate with holiness, like drugs and sex and.

Yeah. And so now and the pastor is going to be some young, good looking young, young male, most likely with bodyguards like Pastor Steven Furtick. I don't even know who that is. That's okay. He's elevation church, guys. Oh, no. On Sunday. Oh, it's like the the the the preacher who's, like, young and and gorgeous. He's got tattoos. So shows he's got a dark path.

I see yeah, yeah, yeah. He wears a tight fitting shirt. She's got the redemption model. Yeah. She's got the redemption arc in full. I see yeah, yeah. Marketing. Right. Like fancy marketing. So, they're trying to get another car. Yeah, we want them.

So this wonderful, like, you know, you know, sexually sells unit itself on the on the state of church. Doesn't matter. Might you sell more because of the repression factor? Yeah. The the latest Thor movie. They they show Thor full, rear nudity. Zeus basically blows his clothes off. Yeah. And he's staying there like that. That.

Oh, you saw it? Yeah. Okay. I want my son watched it last night, and I was in the. I was in the room, so I saw it, and, I was thinking that, like, do you see the rap Loki tattoo on his thing? Yeah. Yeah, that's just funny. And then it was more of a comedy than it was like, you know, Marvel.

Well, it was made by, take a it was a comedy. That's what we made. It was funny. I thought it was funny. A lot of people said they hated it. It was entertaining. Right, right. And I, I love I wish they had used even more guns N roses on the soundtrack. And that too. Yeah. So anyway, the, you know, the takeaway is like, we have this, like short, short today because it's cold and I have to get back home to the kids this morning, but, funny, funny.

We have, like, an unusual thing happened today. We have almost full consensus between us about. So do we agree with that? Like, if Twitter died, we'd give it less, right? We'd probably have parties. Yeah, well, you you you're a little bit more extreme now. Like, I just indifferent. Like life just goes on and, you know. Wow. Now I can sour grapes, the whole thing.

Because I never could get a good following on Twitter because of their shitty algorithm. Now, because of my terrible tweets or my terrible content. My dad, he has a pretty good following. His Twitter handle is Republicans resist. He's totally into this thing. He's he's just loving it. So Twitter went down. He'd probably be a little upset. Isn't that interesting how people will will like, have this, like, this feeling of value in themselves?

I don't know, it's a specific for your dad, but yeah, obviously he has value or he when it was time to it. Right. Yeah. So like somehow that produces some type of meaning. Yeah. Like I was saying earlier, identity politics. Yeah, absolutely. Really interesting. So the takeaway from today is, like Sean and I give a rat's ass if a Twitter goes under and yes, there'll be some people out there that are disappointed and there'll be some that will be dancing in the streets.

Okay, Sean. And lots of people probably that are completely different. It would be a multi-year transition away from it, and it may be at the end of the day would be a net positive for society in general. Something like Twitter would include we think it would be. Yeah. Again, social media is a source of misinformation and all the, you know, drugs that come with it.

So, Wow. Interesting. All right. So.

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