Transcrição completa de AI Breaks Math Again, How to Invest In Doomsday, and Why Bitcoin Is Still Best

am, and so yeah, we have a lot to talk about today. 00:02:07.200 --> 00:02:07.840 We have a lot to cover. 00:02:08.000 --> 00:02:10.960 Hey, I need a Halloween, like like a Riz Halloween costume. 00:02:11.039 --> 00:02:12.400 What do y'all got for me? 00:02:12.560 --> 00:02:14.240 Um, tongue tongue with no pants, bro. 00:02:14.319 --> 00:02:15.280 You can't keep saying that. 00:02:15.439 --> 00:02:17.360 Elizabeth Holmes, Clark Kent. 00:02:17.599 --> 00:02:18.240 Come on, guys. 00:02:18.479 --> 00:02:19.840 Diddy, come on, dude. 00:02:20.080 --> 00:02:21.599 Epstein, come on, guys. 00:02:21.759 --> 00:02:22.080 Fuck. 00:02:22.240 --> 00:02:22.800 Horrific. 00:02:22.960 --> 00:02:24.240 Patrick Bateman is crazy. 00:02:24.319 --> 00:02:25.759 The black bull, Dario. 00:02:25.919 --> 00:02:28.080 Dario's not bad, but like I'm gonna get jumped. 00:02:28.159 --> 00:02:28.719 Be Marlin. 00:02:28.879 --> 00:02:31.520 Be Lil Dicky is not bad, but how do you even be Lil Dicky? 00:02:31.599 --> 00:02:38.479 The beekeeper, Kanye, Larry Bird, Kimchi, Banks again, Paul Tudor Jones, Drokken Miller. 00:02:38.639 --> 00:02:40.560 God, you guys are terrible at this. 00:02:40.800 --> 00:02:42.800 Um, all right, I want to get into some topics. 00:02:43.039 --> 00:02:51.039 All right, first and foremost, I just want to say Dropic S1 came out yesterday, and that thing is like 415 pages. 00:02:51.360 --> 00:02:56.240 What the fuck did people used to do before you could summarize with AI? 00:02:56.400 --> 00:02:59.919 You know, a lot of people panic about AI killing finance. 00:03:00.240 --> 00:03:05.919 And I think we probably honestly, it probably does make the market more efficient than it's ever been. 00:03:06.240 --> 00:03:06.960 I would imagine. 00:03:07.039 --> 00:03:26.159 If this thing is way smarter than you and takes like no expenses at all to do infinite work, like you can imagine it could process information basically instantly, and it's sort of a scary thought, so I don't think about it that much, but it probably does bring markets close in its furthest form bring markets closest to efficiency as as possible. 00:03:26.400 --> 00:03:34.240 This is true, but in the interim, which is right now, thank God LLMs exist, and I think it just gets rid of the bullshit that we should not have been doing, anyways. 00:03:34.400 --> 00:03:42.080 Okay, like the idea of an analyst that's supposed to read 450 pages of a legal filing for an IPO is ridiculous. 00:03:42.240 --> 00:03:45.360 That that should have never been a thing, reading a S1. 00:03:45.759 --> 00:03:48.240 Nobody should have ever had to do that ever. 00:03:49.120 --> 00:03:51.599 And thank God we we didn't have to. 00:03:51.759 --> 00:04:05.120 But, anyways, it is another day, it would not be a normal week in our stream without a open AI drop of new math problems, which unfortunately we do have to cover today. 00:04:05.280 --> 00:04:27.759 Um the shit breaks my brain because I just do not have the ability to

really like understand and digest how impactful the news truly is on any individual drop, and very few people in the world do, okay, which is why what makes this just difficult to discuss, I think. 00:04:28.000 --> 00:04:31.600 Um, I'll tell you this for what it whatever it's worth. 00:04:31.839 --> 00:04:34.000 My group chats are fucking doomer. 00:04:34.160 --> 00:04:44.000 I'm in a group chat with Chumba Wumba, and he was the most optimistic person in the chat yesterday, and it's just like driving me fucking nuts. 00:04:44.560 --> 00:04:51.439 And so I am not kidding when I say I spent my morning looking into MREs on fucking Amazon. 00:04:51.759 --> 00:04:53.600 And then you know what I thought to myself? 00:04:53.839 --> 00:04:59.920 I sat here and I said, you know what, dude, if it gets to the point where I got I gotta eat one of these, I'm just gonna die. 00:05:00.000 --> 00:05:00.879 And that's fine. 00:05:01.040 --> 00:05:12.639 Like, no, it's not fine, but because everyone replied, I made a tweet about it, and everyone everyone like replied to my tweet, and they're like, dude, if you know, MREs are cool, but like you're in the city, so you're still gonna die. 00:05:12.879 --> 00:05:20.560 If the difference between dying is me being in a city versus me not being in a city, you're just gonna die like three weeks later, you know? 00:05:20.879 --> 00:05:21.519 Okay, cool. 00:05:21.680 --> 00:05:29.040 You're in Montana or whatever, in some some gay little bunker somewhere, you're just gonna die in three weeks. 00:05:29.279 --> 00:05:29.920 Congrats. 00:05:30.079 --> 00:05:34.240 Like, you know, you got to you got to see a couple more sunsets than me. 00:05:34.560 --> 00:05:35.759 Congratulations. 00:05:36.480 --> 00:05:40.720 But if I can't survive in New York City, then no one's surviving. 00:05:40.879 --> 00:05:41.439 Straight up. 00:05:41.519 --> 00:05:42.800 Nobody is surviving. 00:05:43.279 --> 00:05:48.079 But I will say this like there's this take going around, I guess. 00:05:48.240 --> 00:05:50.879 Um, let's just read the take and let's let's talk about it for a little bit. 00:05:50.959 --> 00:05:54.240 Let's let's do let's get a little like let's do a little theorizing today. 00:05:54.319 --> 00:05:54.879 Why not? 00:05:55.120 --> 00:06:12.879 Um, there's only one other time I've seen the market this complacent in the face of an imminent systemic risk, and I'm having deja vu because the risk around AI-related cybersecurity has the same shape and setup as the pandemic risk in early 2020, though it is arguably worse. 00:06:13.120 --> 00:06:18.879 Bearish market calls are a dime a dozen, but my threshold for making a public bearish call is extremely high. 00:06:19.040 --> 00:06:26.399 I've only done it once before, February 2020, weeks before the market fell 35% in a month. 00:06:26.560 --> 00:06:31.839 By early February 2020, it was already clear to anyone paying attention that COVID was going to be a global pandemic. 00:06:32.079 -->

00:06:38.319 We had access to a lot of experts, and they were in unanimous belief that a global pandemic was inevitable. 00:06:38.560 --> 00:06:42.240 Yet the public in the market treated it like another Ebola or SARS headline. 00:06:42.399 --> 00:06:46.800 When I warned people to prepare, I was told that we couldn't have a global pandemic in this day or age. 00:06:46.959 --> 00:06:51.199 Today, people have the same difficulty imagining that the internet could become unusable. 00:06:51.360 --> 00:06:57.759 It's so fundamental to how we live that it's continued functioning, that its continued functioning is treated as a given. 00:06:58.000 --> 00:07:02.800 In 2020, the market didn't discount this risk until the evidence hit them right in the face. 00:07:02.959 --> 00:07:05.199 So the adjustment was violent and nearly instant. 00:07:05.439 --> 00:07:07.839 In modern markets, big tops are typically a process. 00:07:07.920 --> 00:07:10.879 They don't tend to crash from all-time highs. 00:07:11.120 --> 00:07:14.480 Economic data slows, breath narrows, credit widens. 00:07:14.639 --> 00:07:17.839 The market takes the signal piece by piece and distributes over months. 00:07:18.000 --> 00:07:20.240 But this one fell out of a clear sky. 00:07:22.560 --> 00:07:25.279 This is why the market is currently sitting near an ATH. 00:07:25.439 --> 00:07:27.360 Doesn't give me much reassurance. 00:07:27.439 --> 00:07:29.759 I don't think it gives anyone much reassurance, to be fair. 00:07:29.920 --> 00:07:32.879 For legible data risk, it can discount ahead of time. 00:07:33.040 --> 00:07:34.240 Blah blah blah, blah blah blah. 00:07:34.399 --> 00:07:40.319 Here today, the cyber experts agree on the direction the way I don't know, doctors did in February 2020. 00:07:40.560 --> 00:07:44.800 All AI cyber capabilities now pose a risk to our entire digital system. 00:07:44.959 --> 00:07:47.759 And every day we get more evidence that we are nearing a tipping point. 00:07:47.839 --> 00:07:50.240 Our economy and livelihoods run on that system. 00:07:50.399 --> 00:07:52.879 The tail risk is a collapse, blah, blah, blah. 00:07:53.040 --> 00:07:53.839 You get the idea. 00:07:54.000 --> 00:07:56.079 Two weeks to stop the spread, you get it. 00:07:56.160 --> 00:07:59.279 Now here's the thing is like, I think there's two ways to look at this. 00:07:59.519 --> 00:08:13.839 Number one is that it feels like the worst possible headlines have hit us over and over and over and over again, combined with math breakthrough after math breakthrough after math breakthrough. 00:08:14.079 --> 00:08:19.199 And basically nothing has happened to my day-to-day life. 00:08:19.439 --> 00:08:21.600 Everything I use on the internet still works. 00:08:21.759 --> 00:08:24.720 All my bank accounts work, my exchanges work. 00:08:24.879 --> 00:08:27.120 Everything I use still works. 00:08:27.360 --> 00:08:27.680 Okay. 00:08:28.079 --> 00:08:32.000 And I mean, bro, my social security number got leaked for the first time like 10 years ago. 00:08:32.159 --> 00:08:32.559 10 years. 00:08:32.799 --> 00:08:33.039 I don't know. 00:08:33.120 --> 00:08:35.519 When's the first time my social security got leaked 10 years ago? 00:08:35.679 --> 00:08:38.159 So everyone's like, oh my God, your data and da-da-da-da. 00:08:38.320 --> 00:08:42.559 I'm like, guys, this was a data breaching exchanges decades ago, like forever. 00:08:42.639 --> 00:08:46.320 For as long as the internet's been existed, they've been hacking into them and releasing your data. 00:08:46.399 --> 00:08:51.600 Every year I file with the IRS, I have a special fucking pin because my identity's been stolen like 10 times. 00:08:51.840 --> 00:08:52.159 Okay. 00:08:52.399 --> 00:08:59.600 And so the only way to meaningfully impact my life one step further would be to like take down Bank of America. 00:08:59.919 --> 00:09:07.759 And the chances that Bank of America is like insolvent with your funds is as close to zero as you could possibly get. 00:09:08.000 --> 00:09:11.279 Because if Bank of America goes under the whole thing, it's just done, anyways. 00:09:11.360 --> 00:09:12.960 It's completely irrelevant. 00:09:13.039 --> 00:09:14.000 Truly, it's irrelevant. 00:09:14.080 --> 00:09:16.960 Like, there's no Bank of America goes down, the whole thing's over. 00:09:17.039 --> 00:09:17.840 It's like, what are we talking? 00:09:17.919 --> 00:09:19.600 What the fuck are we talking about? 00:09:19.840 --> 00:09:31.759 And so on one hand, I'm like, all right, every day we are getting this crazy headline about cyber and you know black October, and nothing has happened. 00:09:32.000 --> 00:09:34.159 And so from that, you could go bull case. 00:09:34.320 --> 00:09:50.559 And then maybe the bear case on the other side is like, okay, everyone is saying non-stop how cheap and how easy it is to go after individual websites, and it's right in front of our face, and we're not paying attention. 00:09:50.720 --> 00:09:59.759 And if they somehow the internet or like key, you know, the four apps that matter on the internet were down for like a couple days, it would be utter mayhem. 00:10:00.240 --> 00:10:03.519 And like which side of that are we on thinking? 00:10:04.399 --> 00:10:05.600 I don't really know. 00:10:05.840 --> 00:10:11.200 I think if you don't know, you're absolutely forced to take the optimistic route. 00:10:11.360 --> 00:10:16.639 I don't really like remember COVID that much from a market perspective because I wasn't paying that much attention. 00:10:16.799 --> 00:10:18.559 And how many people really did know? 00:10:18.720 --> 00:10:22.320 Like, everyone looks back on it and says that everybody knew this was gonna happen. 00:10:22.720 --> 00:10:24.879 I'm not entirely sure that that's true. 00:10:25.039 --> 00:10:38.240 I do have one memory from it, which is that I don't remember the date exactly, but I think in January 2020, I remember my dad telling me this conversation that like it was a couple

cases in China or whatever, starting to spread in China. 00:10:38.480 --> 00:10:51.679 And my dad's like friend, he was hanging out like with his friend or whatever, and his friend was telling him how they were about to go on they had like a Disney cruise planned for like May for like March or something. 00:10:51.919 --> 00:10:56.240 And my dad was like, There's no way you're not going on that cruise, like no way. 00:10:56.399 --> 00:10:58.000 And he was like, What the f- What are you talking about? 00:10:58.080 --> 00:10:59.360 What do you mean I'm not going on a cruise? 00:10:59.440 --> 00:11:01.679 And my dad was like, bro, there's no way you're going on that cruise. 00:11:01.840 --> 00:11:03.600 And he was like, What the fuck are you talking about? 00:11:03.679 --> 00:11:05.360 Like, it was not consensus that like this was a thing. 00:11:05.440 --> 00:11:07.120 What do you mean we're not going on that cruise? 00:11:07.360 --> 00:11:09.440 And then sure enough, there's no cruise. 00:11:09.600 --> 00:11:17.360 I do remember that, and I do remember my dad telling me that like we had a uh two-week delay from school. 00:11:17.919 --> 00:11:31.919 I don't remember the date exactly or what the market was doing at the time, but I remember getting two weeks off from school and my dad being like, There's no way you are going back to school. 00:11:32.159 --> 00:11:33.759 And at that point, I sort of believed him. 00:11:33.840 --> 00:11:39.759 Like it was sort of like like the day before we got off school, people were like wearing masks and shit in school. 00:11:40.000 --> 00:11:43.360 Like normie, like a lot of kids were wearing masks in school. 00:11:43.519 --> 00:11:47.200 The last day before we got off, hella people were wearing masks. 00:11:47.360 --> 00:11:48.879 And I was kind of like, What the fuck? 00:11:48.960 --> 00:11:53.440 I was a complete normie, like I had no idea what was going on, and my dad, my parents were not like wear a mask to school. 00:11:53.679 --> 00:11:56.559 And so I was sort of like, what the fuck is going on? 00:11:56.879 --> 00:12:02.559 I remember feeling like confused that this was going on, and uh we never went back. 00:12:02.799 --> 00:12:15.600 And so it's weird for me to think like how many people knew that COVID was gonna be a global pandemic because everybody says now, like, oh my god, it was like the most obvious thing ever, but like how many people fucking made money on it? 00:12:15.840 --> 00:12:18.000 You know, how many people made money on it? 00:12:18.240 --> 00:12:28.960 Also, unclear if there's like a pre historical precedent where the experts quote unquote know more about pandemics than they do about uh cybersecurity. 00:12:29.039 --> 00:12:30.000 Like, I don't really know. 00:12:30.159 --> 00:12:30.960 I like I don't know. 00:12:31.039 --> 00:12:33.440 Did you know COVID was gonna happen in global pandemic? 00:12:33.600 --> 00:12:35.200 Was this consensus in your world? 00:12:35.279 --> 00:12:40.399 I'm curious, like your friends, your boss, was this consensus for people like watching the stream? 00:12:40.639 --> 00:12:43.440 It was not for me, but I was paying no attention to anything. 00:12:43.679 --> 00:12:51.600 I was playing paying no attention to anything, but it is looked back upon as if everybody was sounding the alarms and nobody was doing anything. 00:12:51.679 --> 00:12:52.720 It's kind of a weird thing. 00:12:52.879 --> 00:12:55.840 I was watching it since early 2020, and March pretty much consensus. 00:12:55.919 --> 00:12:59.039 Yeah, but March was like, it was over already in March. 00:12:59.120 --> 00:13:00.320 I was wearing a mask, St. 00:13:00.399 --> 00:13:02.240 Paddy's Day party is a joke. 00:13:02.480 --> 00:13:02.799 Yeah. 00:13:02.960 --> 00:13:05.840 I remember when kids came to school in a mask, and I was like, what the fuck? 00:13:06.000 --> 00:13:07.039 I was like looking at them weird. 00:13:07.200 --> 00:13:08.159 I was also gonna say this. 00:13:08.320 --> 00:13:11.840 This might be insensitive because I was young, so forgive me. 00:13:12.399 --> 00:13:21.440 It feels like every day in market, every week, there is this like canon, the world is ending type of like event that they will teach about in school. 00:13:21.600 --> 00:13:33.519 Okay, like it they're gonna teach about the Iran War, they're gonna teach about Scott, the house bescent, they're gonna teach about Warsh, they're gonna teach about open uh, you know, Navier Stokes, they're gonna teach about all of this. 00:13:33.679 --> 00:13:40.639 Brent over 115, they're gonna teach about every single one, they're gonna teach about all these events that we've covered in the last like three months. 00:13:41.120 --> 00:13:48.720 It feels like the duration of the 2010s, 20 like 11 to 2020 to COVID, basically, nothing bad happened. 00:13:48.879 --> 00:13:52.080 It feels like basically nothing bad happened for 10 years. 00:13:52.240 --> 00:13:53.679 Is that insane to say? 00:13:53.840 --> 00:13:54.879 Is that a bad take? 00:13:54.960 --> 00:14:00.879 It feels like there was like genuinely nothing bad in 10 years, like very minimal bad stuff happened for 10 years. 00:14:01.039 --> 00:14:03.279 And now it's like every DW, what's good? 00:14:03.360 --> 00:14:17.840 Like there was some stuff, you know, there were some natural disasters, feels like there was a lot of school shootings, there was stuff, but it feels like for 10 years nothing bad happened, and now every single day there is like this crazy canon event thing that's going on right now. 00:14:18.000 --> 00:14:37.440 So, anyways, there is one thing tangible that's a little bit more fun or scary, depending on how you want to look at it, for hacking, okay, which is a cloud VPS service from Japan's massive GMO internet group by foreign exchange traders, okay, on a Japanese exchange has been hacked. 00:14:37.600 --> 00:14:37.840 Okay. 00:14:38.240 --> 00:14:45.759 Attackers breached a server, stole customer credentials,

and executed balance destroying trades across over 70 brokerages. 00:14:46.399 --> 00:14:50.879 GMO has asked government agencies for help. 00:14:51.039 --> 00:14:58.799 And so basically what happened is these hackers broke into these Japanese exchanges, holding them for ransom. 00:14:59.279 --> 00:15:16.799 And the problem is they can't really like do anything, like they can't really cash the money out, they're stuck in these traders' accounts with a large balance, they can't really do anything, and so they're basically like pay us our ransom, or we are gonna execute like really bad trades on behalf of the traders' account. 00:15:16.960 --> 00:15:17.759 And so that's what they're doing. 00:15:17.919 --> 00:15:23.279 They're like long, they're like executing FX trades on their accounts. 00:15:23.440 --> 00:15:25.039 It's fucking ridiculous. 00:15:25.279 --> 00:15:25.600 Okay. 00:15:25.919 --> 00:15:36.000 Um, CMO, internet group, CEO says that the internet itself is on the verge of collapse due to the misuse of AI and frames this event as a national crisis. 00:15:36.240 --> 00:15:44.480 Guy that could not uh protect guy that couldn't protect his his his users thinks that the internet is on a verge of of collapse. 00:15:44.720 --> 00:15:45.919 And then follow up on this. 00:15:46.000 --> 00:15:48.000 So this was uh October 26. 00:15:48.399 --> 00:15:52.000 GMO refused to pay the$50 million ransom demanded by the hackers. 00:15:52.080 --> 00:15:57.440 So they have threatened to trigger ransomware installed on the PCs of everyone who was logged into the cloud during the hack. 00:15:57.600 --> 00:16:02.480 GMO is asking everyone to unplug and turn off their PCs ahead of the deadline 30 minutes from now. 00:16:02.720 --> 00:16:03.840 Update following that. 00:16:04.000 --> 00:16:11.120 The deadline has passed, and the attackers have released both the company information they stole from GMO as well as the customers' personal information. 00:16:11.279 --> 00:16:13.440 And so they can't really cash out the money. 00:16:13.759 --> 00:16:26.960 What they can do is execute dog shit trades and release all of your information, which has probably already been breached if you've ever signed up for Coinbase or any other crypto exchange, which is what makes it sort of ironic, but it is what it is. 00:16:27.200 --> 00:16:28.799 Follow up on it, yeah. 00:16:28.960 --> 00:16:32.879 And so they're holding it for ransom, these Japanese exchanges. 00:16:33.120 --> 00:16:43.120 CEO doesn't want to pay it, so the only thing they can do is release customer data and execute terrible trades, holding them hostage, trying to get some sort of payout. 00:16:43.279 --> 00:16:48.879 And so it's kind of, I mean, it's actually not funny, it's a little bit scary that this can happen on an exchange. 00:16:49.120 --> 00:16:54.639 God forbid something like this were able to happen on, I don't know, like a hyper liquid or something of sorts. 00:16:54.879 --> 00:17:02.399 But the question you have to ask yourself is basically like, is this how credible are these threats and is this going to continue to happen? 00:17:02.559 --> 00:17:09.599 Because on the surface, an exchange releasing your data is like a very, very low out of 10. 00:17:09.759 --> 00:17:14.160 Not because it's not a big deal, it is a big deal, but because it's happened so many times before. 00:17:14.319 --> 00:17:19.920 This is like trivial stuff that's been Coinbase has been leaking your data for like a decade straight. 00:17:20.079 --> 00:17:22.079 Every every month, there's a new breach. 00:17:22.160 --> 00:17:26.559 I I get a new email from fake Coinbase support every week. 00:17:26.720 --> 00:17:32.079 For non-crypto stuff, non-crypto exchanges, for some reason, this has not happened with like a Robin Hood. 00:17:32.240 --> 00:17:34.160 I don't get fake Robin Hood emails. 00:17:34.319 --> 00:17:36.640 And so they've been able to like secure it more. 00:17:36.799 --> 00:17:41.440 And so for this to happen to like traditional exchanges, that feels like a bigger deal. 00:17:41.599 --> 00:17:45.680 Also, at the same time, the CEO comes out and he's like, What did he say? 00:17:45.759 --> 00:17:47.519 He called uh what's his exact words? 00:17:47.680 --> 00:17:54.720 The internet itself is on the verge of collapse due to the misuse of AI and frames this event as a national crisis. 00:17:54.799 --> 00:17:56.319 And so, yeah, you're right. 00:17:56.480 --> 00:18:00.319 You don't ever hear about a 240 million dollar exchange on Robinhood. 00:18:00.480 --> 00:18:04.160 For some reason, you hear about it on crypto exchanges all of the time. 00:18:04.319 --> 00:18:06.559 And so this one feels relatively notable. 00:18:06.640 --> 00:18:08.559 D Nap, what's the the stock ticker? 00:18:08.880 --> 00:18:10.319 Feels relatively notable. 00:18:10.480 --> 00:18:11.039 I don't know. 00:18:11.359 --> 00:18:16.559 It's such a weird spot, but then you look at the market, and Soxel was up 11% yesterday. 00:18:16.799 --> 00:18:18.000 11%, 11. 00:18:18.160 --> 00:18:19.920 And it's up six percent in the pre-market. 00:18:20.079 --> 00:18:37.119 And so this the sharps don't seem to think that internet death is imminent, but individual names, let me see, GMO internet group, such as this, actively hacked, and in uh their customers are actively being held for ransom. 00:18:37.279 --> 00:18:44.240 There's nothing about it they can do, and the stock is down like 25% in the last in the last month. 00:18:44.400 --> 00:18:49.759 So it's happening in pockets, in individual spots, people are getting fucked. 00:18:50.319 --> 00:18:52.319 But how is it gonna play out? 00:18:52.480 --> 00:18:53.440 I don't know, guys. 00:18:53.599 --> 00:18:58.559 What I do know is that we have a candid event every day. 00:18:58.799 --> 00:19:04.960 I actually am generally enjoying covering it, but the math days drive me fucking nuts, man. 00:19:05.119 --> 00:19:06.720 They drive me nuts. 00:19:06.960 -->

00:19:08.799 So, anyways, we're gonna see. 00:19:08.960 --> 00:19:09.920 Um, let's go. 00:19:10.000 --> 00:19:13.279 We got stock market open in 30 seconds. 00:19:13.440 --> 00:19:19.680 I look, I apologize, forgive me that the intro to the stream was brutal, but fuck man. 00:19:20.079 --> 00:19:24.720 I only do what I can with and when I gotta talk about math, it's like, god damn. 00:19:24.880 --> 00:19:27.839 As always, stock market opens in 17 seconds, it's powered by phantoms. 00:19:28.000 --> 00:19:28.960 Anything you see during this segment. 00:19:29.359 --> 00:19:30.400 You want to buy, sell, trade. 00:19:30.640 --> 00:19:33.759 If you can trade it, you can do them on Phantom Wallet. 00:19:34.000 --> 00:19:35.599 It is Tuesday, October 27th. 00:19:35.759 --> 00:19:36.799 It is 9 30 a.m. 00:19:37.119 --> 00:19:39.759 It is a brutal morning, but an important one is every day. 00:19:39.839 --> 00:19:46.880 Is I thank you guys for being here in the stock market is officially let's go, man. 00:19:46.960 --> 00:19:47.759 Let's go, let's go. 00:19:47.839 --> 00:19:48.880 Give me some heat today. 00:19:48.960 --> 00:19:49.519 What do we got? 00:19:49.680 --> 00:19:53.440 SPY opens up 0.227%. 00:19:54.240 --> 00:19:55.519 The Nasdaq is up 0.1. 00:19:55.759 --> 00:19:57.440 The Dow opens green. 00:19:57.519 --> 00:19:58.640 That is up 0.03. 00:19:59.119 --> 00:20:02.160 Photonics ETF opens up 0.1.47. 00:20:02.480 --> 00:20:04.079 Neo clouds are up three percent. 00:20:04.319 --> 00:20:06.559 Uh my trading view is fucking buggy, dude. 00:20:06.799 --> 00:20:08.400 Neo clouds are up three percent. 00:20:08.640 --> 00:20:13.519 Soxel opens green up four point five after an 11%. 00:20:14.880 --> 00:20:15.839 What is LAZR? 00:20:15.920 --> 00:20:17.039 So photonics ETF, brother. 00:20:17.279 --> 00:20:20.240 Soxel opens green up four percent after an 11% day yesterday. 00:20:20.400 --> 00:20:24.960 IGV software is red down.25%. 00:20:25.680 --> 00:20:33.599 Mags are up 0.25, dram is up 2.3, but red on the open, and the IBB is down 0.8. 00:20:33.920 --> 00:20:35.039 We're so good off photonics. 00:20:35.119 --> 00:20:35.440 I know. 00:20:35.599 --> 00:20:41.119 Um, we covered the UZ yesterday, the Brazil ETF, which is really green. 00:20:41.359 --> 00:20:43.599 Um let's see the the full chart. 00:20:43.759 --> 00:20:44.240 It's up. 00:20:44.319 --> 00:20:45.359 Let's see how much off the bottom. 00:20:45.599 --> 00:20:46.079 Anyone buy this? 00:20:46.160 --> 00:20:46.720 It's pretty funny. 00:20:46.799 --> 00:20:49.440 You could buy this on uh basically off the bottom. 00:20:49.599 --> 00:20:53.119 This is up like 11% or so. 00:20:53.359 --> 00:20:55.759 D now you got you got news, news, news, news. 00:20:55.920 --> 00:20:58.160 Why did 60% of the prisoners vote for you? 00:20:58.240 --> 00:20:59.920 This is the moment that won. 00:21:00.000 --> 00:21:00.400 Let's see. 00:21:02.640 --> 00:21:02.960 I can't speak. 00:21:03.039 --> 00:21:04.400 I'm 100%, including your father. 00:21:04.480 --> 00:21:05.440 Oh, that's crazy. 00:21:05.599 --> 00:21:08.240 That's like a Trump, Trumpian comment right there. 00:21:08.480 --> 00:21:10.960 Drama two, soxel four and a half. 00:21:11.119 --> 00:21:19.440 Crypto, as always, red on the open bitcoin back under 80k 793. 00:21:20.079 --> 00:21:21.519 Zach is 1262. 00:21:21.599 --> 00:21:24.240 I was green on my position for about 30 seconds. 00:21:24.480 --> 00:21:25.839 Uh ETH 23. 00:21:25.920 --> 00:21:27.920 This looks the I think ETH looks the worst. 00:21:28.079 --> 00:21:28.480 Really? 00:21:28.640 --> 00:21:30.000 It does look the worst. 00:21:30.160 --> 00:21:31.920 The year's up 0.4, hype 78. 00:21:32.079 --> 00:21:34.799 Retrace most of the Kraken pump yesterday. 00:21:34.880 --> 00:21:46.079 Lighter is down about a percent, pump is down two, perdat is up two, silver is flat, salon is down one, stretch is 99.26, 30 years red or basically flat, down 0.02. 00:21:46.240 --> 00:21:50.000 The 10 years up 0.14, and the two years up 0.36. 00:21:50.400 --> 00:21:52.559 Venice is up 0.7, gold is up 0.2. 00:21:53.039 --> 00:21:58.400 Um, copper is up 0.6, Monero is down a percent, and XRP is flat. 00:21:58.799 --> 00:21:59.519 115. 00:22:00.079 --> 00:22:04.000 On Brent, which is crazy that that is red, and crude is down 0.6. 00:22:04.400 --> 00:22:10.400 Um, defense Palantir's up 1.3, back above 200, and fucking candling. 00:22:10.880 --> 00:22:13.200 Uh, Lockheed is up a percent is down a percent. 00:22:13.279 --> 00:22:16.480 Northrop is down 0.5, and Raytheon is flat. 00:22:16.799 --> 00:22:18.319 All right, what really matters? 00:22:18.480 --> 00:22:22.160 The cryptomaction for hood earnings to be really good since it's backwards looking. 00:22:22.400 --> 00:22:28.000 Yeah, the problem is they just had like four days of good earnings or good numbers. 00:22:28.079 --> 00:22:28.799 That that was it. 00:22:28.880 --> 00:22:33.200 They had like four, yeah, they had four days, a week, couple weeks, dude. 00:22:33.279 --> 00:22:34.319 And then that was basically it. 00:22:34.480 --> 00:22:36.720 A couple weeks, month, max a month. 00:22:36.960 --> 00:22:38.240 Bloom Energy is up six. 00:22:38.480 --> 00:22:41.599 Kahanix was up five percent yesterday's session. 00:22:41.680 --> 00:22:56.000 Uh wow, Crowd Strike is up two and a half, Firefly's up four, Broadcom is up three and a half, AMD's up three, Dell is up three, Intel is up three, Oracle's up two and a half, Blackberry's up two, shots, NeoCloud, two and a half, Palo Alto's up one point three, Cerebris is up two and a half. 00:22:56.079 --> 00:22:56.720 That's how you know. 00:22:56.960 --> 00:23:02.240 Cerebris is up two and a half, Tesla's up two, ASCS is up three, Marvello's up two and a half. 00:23:02.319 --> 00:23:06.240 SK Hanix ADR is up two, but red on the open. 00:23:06.400 --> 00:23:09.440 Red wire's up two and a half, micron's up two, NVIDIA's up one. 00:23:10.160 --> 00:23:11.759 Where is

Cloudflare? 00:23:12.000 --> 00:23:18.319 Rocket Lab's up one and a half, Amazon's up one, Apple's flat, Google's up half, Microsoft is flat. 00:23:18.880 --> 00:23:19.519 Where is net? 00:23:20.000 --> 00:23:21.119 Nut here it is. 00:23:21.279 --> 00:23:24.480 Cloudflare 332. 00:23:24.640 --> 00:23:28.160 I traded this so fucking bad. 00:23:28.559 --> 00:23:30.160 Did anyone make money on Cloudflare? 00:23:30.319 --> 00:23:31.359 I traded it so bad. 00:23:31.680 --> 00:23:34.960 Bought 115 and just capitulated the bottom for no particular reason. 00:23:35.119 --> 00:23:37.200 Okay, it seems nobody made money on Cloudflare. 00:23:37.279 --> 00:23:37.759 That's fine. 00:23:37.839 --> 00:23:38.640 I definitely didn't. 00:23:38.799 --> 00:23:40.319 Not concerned about how they trade short term. 00:23:40.480 --> 00:23:45.519 Up is a win, down opens opportunity for a bigger win. 00:23:45.680 --> 00:23:46.240 Fuck it. 00:23:46.319 --> 00:23:47.680 Chris Camillo mode. 00:23:47.759 --> 00:23:48.960 He's up definitely up on Bloom. 00:23:49.200 --> 00:23:49.680 Six today. 00:23:49.759 --> 00:23:51.039 Amazon is up 0.65. 00:23:51.359 --> 00:23:54.960 All right, Bitcoin back up of 80, 1270 on Zach. 00:23:55.200 --> 00:24:02.079 The problem with 80 being so sticky, by the way, is that if it actually does lose it, it's gonna just tumble, really. 00:24:02.240 --> 00:24:04.559 Like it's just gonna tumble if it does. 00:24:04.640 --> 00:24:05.440 If it does lose it. 00:24:05.680 --> 00:24:07.519 Dram stays green. 00:24:07.599 --> 00:24:08.799 That is up two and a half. 00:24:08.880 --> 00:24:12.240 Soxwell is up five point three. 00:24:12.559 --> 00:24:13.920 All right, consumer SAS. 00:24:14.160 --> 00:24:16.480 So five biggest gainer after an earnings crush. 00:24:16.640 --> 00:24:18.559 Hannebius is up eight. 00:24:18.799 --> 00:24:19.680 Neo clouds. 00:24:19.839 --> 00:24:21.920 Core Weav is up three, hood is up two and a half. 00:24:22.000 --> 00:24:22.720 They've earnings today. 00:24:22.799 --> 00:24:24.480 IREN's up five, PayPal's up one. 00:24:24.880 --> 00:24:29.039 Him's is up one, Carvana's up 1.5, Coinbase is up one, Reddit is flat. 00:24:29.279 --> 00:24:30.000 Unity is up one. 00:24:30.160 --> 00:24:30.799 I love Unity. 00:24:30.880 --> 00:24:33.039 MSTR is up one, eBay's up half. 00:24:33.279 --> 00:24:34.240 Nike is red. 00:24:34.319 --> 00:24:34.799 Thank God. 00:24:34.960 --> 00:24:35.839 Take two is red. 00:24:36.079 --> 00:24:36.960 Stubbub is red. 00:24:37.039 --> 00:24:38.799 Eli Lilly is flat on the daily. 00:24:38.960 --> 00:24:40.400 Where is this near all-time highs? 00:24:40.559 --> 00:24:42.559 Camilla's been long blue in Amazon for like two years. 00:24:42.640 --> 00:24:43.599 I know he's crushed it. 00:24:43.759 --> 00:24:45.200 Here's Eli Lilly chart. 00:24:45.279 --> 00:24:46.160 This is a nuts one. 00:24:46.319 --> 00:24:47.599 Um Figma's down one. 00:24:47.839 --> 00:24:48.799 Snap is down one. 00:24:49.200 --> 00:24:50.480 This

is crazy though. 00:24:50.799 --> 00:24:51.359 Nebius. 00:24:51.599 --> 00:24:58.079 Another chart kind of looks terrible, and it's sort of a technical level bounce here, but Nebius is up 10%. 00:24:58.559 --> 00:24:59.920 Koryv is up five. 00:25:00.000 --> 00:25:02.720 It feels like that maybe calms some fears a little bit. 00:25:02.880 --> 00:25:05.039 Let Sox will go up six and a half. 00:25:05.279 --> 00:25:06.720 Dram now up three. 00:25:06.960 --> 00:25:07.920 Spy's up 0.4. 00:25:08.160 --> 00:25:08.960 Q's are up one. 00:25:09.200 --> 00:25:11.200 Yesterday's session cospe was up three. 00:25:11.359 --> 00:25:12.400 It kind of got fudded. 00:25:12.480 --> 00:25:13.440 Yeah, it got fudded. 00:25:13.599 --> 00:25:14.880 Low lick Sunday. 00:25:15.119 --> 00:25:18.559 Elon going for the jugular, which is pretty nuts. 00:25:18.720 --> 00:25:21.119 And live to see another day, at least for now. 00:25:21.359 --> 00:25:23.519 Neo cloud DCF is up seven percent. 00:25:23.759 --> 00:25:24.880 Look at this chart though. 00:25:25.039 --> 00:25:28.079 I'm not a chart looks good guy, but this look, I mean, this looks bad. 00:25:28.240 --> 00:25:29.039 It looks bad. 00:25:29.200 --> 00:25:31.440 Is there anything even worth checking here? 00:25:31.599 --> 00:25:32.960 Cards, not much. 00:25:33.200 --> 00:25:34.880 Kcoin 44. 00:25:35.200 --> 00:25:37.119 On chain is so dead. 00:25:37.359 --> 00:25:39.119 Pons, Mars coin. 00:25:39.200 --> 00:25:41.599 Why not close a Zach position if you think BTC is gonna break? 00:25:41.759 --> 00:25:43.279 I just like wanted some exposure. 00:25:43.440 --> 00:25:51.039 Maybe it should be a little bit less, but I like Zec in a vacuum, and I'm not a low time frame like Bitcoin trader. 00:25:51.839 --> 00:25:53.119 You know, like I'm just not. 00:25:53.359 --> 00:25:54.319 I'm not good at it. 00:25:54.480 --> 00:25:55.920 I don't try to do it. 00:25:56.160 --> 00:26:01.359 I just sort of speculate on stream for fun and then trade it however I sort of want. 00:26:01.519 --> 00:26:02.720 Kim she's seven mil. 00:26:03.039 --> 00:26:04.640 Useless coins 150. 00:26:04.799 --> 00:26:05.359 My god. 00:26:05.759 --> 00:26:07.759 And some of the black bulls 65. 00:26:08.319 --> 00:26:08.880 Geez. 00:26:09.200 --> 00:26:10.000 Geez, bro. 00:26:10.240 --> 00:26:10.799 FWA? 00:26:11.039 --> 00:26:11.519 Who said that? 00:26:11.680 --> 00:26:12.079 Six mil. 00:26:12.400 --> 00:26:16.720 The problem with these on-chain coins is that I don't even want to look. 00:26:16.799 --> 00:26:21.200 There's not even any of these coins that like at a certain price, I think to myself, okay, I'm in. 00:26:21.279 --> 00:26:22.640 How is this 35 mil? 00:26:23.519 --> 00:26:24.160 That's the problem. 00:26:24.319 --> 00:26:31.440 It's like I don't even think to myself, like, for anything other than cards, I don't even think to myself, I'm in at a certain price. 00:26:31.599 --> 00:26:33.680 Like, at what price am I a buyer of cash cat? 00:26:33.920 --> 00:26:42.880 You know, when I think about my trading and how I've traded, I think to myself that there are moments in time where you are supposed to click a lot of buttons. 00:26:42.960 --> 00:26:45.279 And there are moments in time where you are just not. 00:26:45.759 --> 00:26:49.359 And that might sound too simple, but it's just sort of the way that things go. 00:26:49.440 --> 00:26:56.160 And right now feels like one of these times where, unless you have a really strong thesis either direction, you're not supposed to click that many buttons. 00:26:56.319 --> 00:26:57.680 It's just like one of those talk. 00:26:57.920 --> 00:27:00.160 Like, it's kind of like how my tweeting works. 00:27:00.319 --> 00:27:04.960 You know, I used to have this like rigorous schedule where I had to tweet X amount of times or whatever. 00:27:05.200 --> 00:27:08.799 And then I started thinking to myself, like, I have nothing to say right now. 00:27:09.039 --> 00:27:11.759 And sometimes it just comes and flurries. 00:27:11.839 --> 00:27:14.960 It it come when you got a lot of stuff to say, you say it. 00:27:15.119 --> 00:27:17.119 And when you don't, you just shut the fuck up. 00:27:17.279 --> 00:27:21.200 I still stream every day because we have to stream every day because we have to figure out what's happening. 00:27:21.440 --> 00:27:29.200 But with the clicking button thing, I uh it doesn't feel like one of those times where you're supposed to like try to be a fucking hero. 00:27:29.440 --> 00:27:29.759 Okay. 00:27:30.079 --> 00:27:30.400 All right. 00:27:30.480 --> 00:27:34.480 You know what my fundamental problem is with doomsday scenarios? 00:27:34.720 --> 00:27:43.039 Is that basically any scenario outside of like one day without power, I just opt out. 00:27:43.119 --> 00:27:44.880 I don't want I just like don't want to play. 00:27:45.119 --> 00:27:52.480 Basically, any scenario that is more difficult than like one day no power, one day no internet, I would just rather not play. 00:27:52.720 --> 00:27:57.839 This is the this is the core crux of the whole bunker thing. 00:27:58.079 --> 00:28:01.839 You know, for a while I was like so pro bunker. 00:28:02.079 --> 00:28:08.400 I was I I was dead ass, like trying I I had in my head a plan like to get a bunker. 00:28:08.480 --> 00:28:09.519 I wanted to get a bunker. 00:28:09.680 --> 00:28:16.000 And I'm like, man, a world in which you are living in the bunker is like no, absolutely not. 00:28:16.160 --> 00:28:25.359 And so it's coming to this point where it's like, I I think that the only actual viable way to prepare for doomsday is to hold cash. 00:28:25.680 --> 00:28:32.559 And if the problem exceeds holding cash, to me, the whole thing is just unraveling. 00:28:32.799 --> 00:28:33.440 Truly. 00:28:33.839 --> 00:28:36.799 It's like, how am I supposed to prepare other than cash? 00:28:37.039 --> 00:28:37.519 Really? 00:28:37.680 --> 00:28:42.880 Like, sure, what food and water, I'm down for some sustainable amount

of time. 00:28:43.039 --> 00:28:47.039 But like, you you think I should have more than six months of rations to live off of? 00:28:47.119 --> 00:28:48.240 Are you fucking out of your mind? 00:28:48.319 --> 00:28:52.319 Do you know what the world would look like if I if I got the five months of my rations were used up? 00:28:52.400 --> 00:28:54.079 Do you know what the fucking world looks like? 00:28:54.480 --> 00:28:56.000 Talking about I should be prepared. 00:28:56.160 --> 00:29:05.440 Like, bro, if the bank I hold cash in in a Bank of America account, and if that is no longer valid, then the whole thing is is gonna be over. 00:29:05.599 --> 00:29:09.839 Like, no one's surviving in that scenario where my Bank of America cash is no longer valid. 00:29:10.000 --> 00:29:14.720 Okay, so I'm here like this morning buying MREs, bro. 00:29:14.880 --> 00:29:16.880 I don't want to be buying this shit. 00:29:17.039 --> 00:29:22.880 Self-contained individual field rations designed for military service members in combat or training when normal food services unavailable. 00:29:23.119 --> 00:29:28.319 Developed by the United States Department of Defense in the late 70s and early 80s to replace heavier can see rations. 00:29:29.119 --> 00:29:33.759 Each can come um you live in in NYC, it would be the purge of there. 00:29:34.000 --> 00:29:44.240 Okay, but if NY, do you understand that if NYC gets purged, wherever Wyoming, Montana that you live, it would also be purged. 00:29:44.400 --> 00:29:45.839 Where do you think everyone's going? 00:29:46.000 --> 00:29:46.559 Deadass. 00:29:46.799 --> 00:29:51.119 Where do you think everyone is going with the their jets and their planes and their helicopters and their cars? 00:29:51.279 --> 00:29:52.799 They're going to Montana, bro. 00:29:52.960 --> 00:29:54.720 It's like you are equally getting purged. 00:29:54.799 --> 00:29:57.119 You might live a couple more months, you know? 00:29:57.279 --> 00:30:01.039 You might like survive a little bit longer, but you're also, bro, you're also getting purged. 00:30:01.119 --> 00:30:02.000 What are you talking about? 00:30:02.079 --> 00:30:03.920 Like, genuinely, what are we talking about? 00:30:04.160 --> 00:30:04.559 Truly. 00:30:04.720 --> 00:30:06.319 Age we did a number on Dario. 00:30:06.400 --> 00:30:07.759 He used to be a good looking chap. 00:30:08.079 --> 00:30:09.440 This video is crazy. 00:30:09.599 --> 00:30:10.640 When's this from? 00:30:10.799 --> 00:30:14.720 He's 20 in this, speaking against the Iraq war in 2003. 00:30:15.440 --> 00:30:18.000 Good evening, Mayor Bogart and members of the council. 00:30:18.240 --> 00:30:21.119 My name is Dario Amade, and I'm a sophomore at Caltech. 00:30:21.519 --> 00:30:26.880 Last Thursday, I presented a petition with 400 signatures from the Caltech community opposing war in Iraq. 00:30:27.119 --> 00:30:28.799 He looks fucking Chad. 00:30:29.119 --> 00:30:34.000 We now have almost 600 signatures and counting, and our message is

the same. 00:30:34.160 --> 00:30:38.079 The California Institute of Technology overwhelmingly opposes this war. 00:30:38.319 --> 00:30:39.759 20-year-old Dario Amade. 00:30:40.079 --> 00:30:43.359 Maybe this is just what happens when you run an AI lab on the looks maxing thing. 00:30:43.440 --> 00:30:45.359 Rasmer probably has a better take on it than me. 00:30:45.519 --> 00:30:46.960 Because this doesn't even look like him. 00:30:47.039 --> 00:30:49.920 Like this, this is like you know what this looks like? 00:30:50.079 --> 00:30:53.440 This looks like one of those like high school prom in 2004. 00:30:53.519 --> 00:30:59.039 Like average guy in the high school prom video from 2004 on the VH the VH tab VHS tape or whatever. 00:30:59.119 --> 00:31:00.240 That's what this looks like. 00:31:00.480 --> 00:31:05.680 Like Chad, like this does not look like that, and this definitely doesn't. 00:31:06.000 --> 00:31:07.200 I don't know what it is. 00:31:07.279 --> 00:31:10.160 If it's cortisol, not gonna I got something similar going on. 00:31:10.319 --> 00:31:11.920 What being cuff does to an MF. 00:31:12.079 --> 00:31:13.440 Yeah, Tom Hanks would have played him. 00:31:13.599 --> 00:31:15.920 Tom Hanks is not Jonah Hill's playing him now. 00:31:16.079 --> 00:31:16.960 And so I don't know. 00:31:17.039 --> 00:31:22.400 On the aging thing, dude, I had my first run in with knee pain in my entire life, which is crazy. 00:31:22.480 --> 00:31:24.079 I've never had knee pain before. 00:31:24.319 --> 00:31:28.000 I had it for the first time after a basketball game. 00:31:28.240 --> 00:31:30.400 I woke up in the morning and I'm like, dude, my knees hurt. 00:31:30.480 --> 00:31:31.519 I've never felt it before. 00:31:31.680 --> 00:31:34.160 And I'm like, fuck me, I'm I'm getting up there. 00:31:34.240 --> 00:31:37.359 I've never felt it before um in my life. 00:31:37.680 --> 00:31:38.480 24 years old. 00:31:38.559 --> 00:31:51.039 So, anyways, we got a bear post on on Bitcoin and cryptocurrency from Jason Calicanis, who has been hilariously wrong over the last couple months here, and for some reason has decided to take a stance as the face of the bears. 00:31:51.200 --> 00:31:56.319 And as a borderline bull, I like that this is the face of the bears. 00:31:56.559 --> 00:31:56.880 Okay. 00:31:57.200 --> 00:32:00.400 This is what he tweets a brutal year for Bitcoin is just getting started. 00:32:00.559 --> 00:32:05.359 Give me three minutes to explain why you should dump it now. 00:32:05.920 --> 00:32:08.720 Outflows from ETFs are signal and will continue. 00:32:08.880 --> 00:32:13.359 We will test the 57k low again in the next 12 months. 00:32:13.519 --> 00:32:14.079 Why? 00:32:14.319 --> 00:32:18.319 Because there are far too many dynamic places to put your money that are creating much more value. 00:32:18.480 --> 00:32:25.200 You could also argue the counters, like they've already created the value, and there is only terrifying places to put your money. 00:32:25.359 --> 00:32:30.000 Why put your resources into a dead network that offers nothing beyond a store of value? 00:32:30.240 --> 00:32:31.839 What's the point of place? 00:32:32.319 --> 00:32:33.839 What's the point of place? 00:32:34.000 --> 00:32:35.440 What's the point of place? 00:32:35.599 --> 00:32:36.559 I don't get it. 00:32:36.799 --> 00:32:40.000 The Bitcoin B, what's the point of place to Bitcoin B? 00:32:40.160 --> 00:32:40.480 What? 00:32:40.640 --> 00:32:44.559 What's the point of place to Bitcoin B if Bitcoin's Ponzi scheme nature has gone away? 00:32:44.720 --> 00:32:47.359 The viral nature of Bitcoin was its power. 00:32:47.519 --> 00:32:49.599 If you didn't own, you were mocked. 00:32:50.480 --> 00:32:54.960 Now completely reasonable, heck, smarter to ignore Bitcoin and place other bats. 00:32:55.200 --> 00:32:57.200 No one is trying to convince people to buy Bitcoin anymore. 00:32:57.279 --> 00:32:59.440 The memes and NFTs are gone. 00:32:59.680 --> 00:33:01.119 Has nothing to do with Bitcoin. 00:33:01.279 --> 00:33:05.839 No one is saying Bitcoin can change the world because it won't and because AI has. 00:33:06.319 --> 00:33:13.119 Just sell and shift from Bitcoin to superintelligence because one provides little no value, the other provides unlimited upside for humanity. 00:33:13.279 --> 00:33:14.640 This should be obvious to everyone right now. 00:33:14.799 --> 00:33:17.119 Bitcoin will never break its all-time high again. 00:33:17.440 --> 00:33:24.079 With that bear post, I would also like to let you know that I am long bit tensor, Chad Michael Burry, number one. 00:33:24.319 --> 00:33:29.279 Um, I am long bit tensor and Bitcoin is going to zero. 00:33:29.359 --> 00:33:40.319 Well, first and foremost, uh, mutual follower of mine, mutual follower, friend of the the podcast, Jason Calicanis, as one of your 6264 mutuals. 00:33:40.640 --> 00:33:55.119 I do and would like to inform you that uh if Bitcoin goes to 57k, BitTensor or Tau, as it is often referred to, is going to go so low it may not even tick on the chart anymore. 00:33:55.359 --> 00:33:58.079 I mean, do you understand why why that would happen? 00:33:58.400 --> 00:34:00.480 Tau, of all things, he could have shilled anything. 00:34:00.640 --> 00:34:03.759 Monero probably would have celebrated an XRP shill. 00:34:04.799 --> 00:34:05.200 Tao? 00:34:05.519 --> 00:34:07.119 Are you out of your fucking mind? 00:34:07.599 --> 00:34:07.920 Okay. 00:34:08.320 --> 00:34:15.360 Second is everybody likes to make public calls on the TL, but nobody wants to post their traits. 00:34:15.599 --> 00:34:16.800 Like, what's Jason in? 00:34:17.039 --> 00:34:17.679 What do you hold? 00:34:17.920 --> 00:34:18.639 What do you got? 00:34:18.880 --> 00:34:19.599 What do you hold? 00:34:19.840 --> 00:34:21.039 Genuinely, what do you hold? 00:34:21.119 --> 00:34:22.000 That's what I would like to know. 00:34:22.159 --> 00:34:29.519 It's like, okay, you want to come on the timeline and

post a uh a Bitcoin bear post, but give us you give us nothing. 00:34:29.760 --> 00:34:30.159 Tao? 00:34:30.320 --> 00:34:30.880 What okay? 00:34:31.039 --> 00:34:33.280 I guess he technically gave us nothing. 00:34:33.440 --> 00:34:35.039 He technically gave us something. 00:34:35.519 --> 00:34:37.760 He did technically give us something, which is tau. 00:34:38.000 --> 00:34:41.840 But guys, I mean, this is this is tau BTC. 00:34:42.000 --> 00:34:43.039 Do you know what Tao does? 00:34:43.199 --> 00:34:44.559 Nobody knows what Tao does. 00:34:44.719 --> 00:34:45.519 Look at this chart. 00:34:45.599 --> 00:34:46.480 That's what we're long. 00:34:46.800 --> 00:34:47.440 Everything. 00:34:47.840 --> 00:34:48.960 This is the chart that we're longing. 00:34:49.119 --> 00:34:49.840 Tao BTC. 00:34:49.920 --> 00:34:50.880 It's like, all right, bro. 00:34:51.039 --> 00:34:51.920 Alright, dude. 00:34:52.159 --> 00:34:55.760 And so look, whatever. 00:34:55.840 --> 00:34:56.719 It is what it is. 00:34:56.880 --> 00:35:05.519 I continue to feel as if these takes like pretty clearly outline why you theoretically would want to hold Bitcoin. 00:35:05.840 --> 00:35:11.119 Is that there's nowhere to put your money to get away from this AI thing if you wanted to. 00:35:11.280 --> 00:35:12.239 There's nowhere to go. 00:35:12.320 --> 00:35:13.840 You look left, you look right. 00:35:14.000 --> 00:35:15.280 Everyone's building AI. 00:35:15.360 --> 00:35:17.039 All birds, we be we're building AI. 00:35:17.199 --> 00:35:19.440 Bitcoin miner, we've pivoted to AI. 00:35:19.599 --> 00:35:24.079 Roblox and Unity Gaming, we're all in on AI. 00:35:24.239 --> 00:35:35.119 Every hyperscaler, every car company, every software business, every social media platform, every advertising company, robotics, AI, hardware, AI. 00:35:35.440 --> 00:35:37.760 My fucking TVs have AI. 00:35:37.920 --> 00:35:39.199 My phones have AI. 00:35:39.440 --> 00:35:41.440 My cell service, AI. 00:35:41.760 --> 00:35:50.159 There's like for nothing else, cash, which is based on, you know, United States dominance, which is based on AI. 00:35:50.719 --> 00:35:56.159 There's nowhere to bonds, which are based on cash, which are based on US dominance, which is based on AI. 00:35:56.400 --> 00:36:00.559 Oil, which is based on a war, which is based on our ability to win the war, which is based on AI. 00:36:00.880 --> 00:36:02.079 Like, there's nowhere to go. 00:36:02.239 --> 00:36:03.280 There's nowhere to go. 00:36:03.599 --> 00:36:05.039 Man, I'm fucking overwhelmed. 00:36:05.119 --> 00:36:07.760 I'm overwhelmed with this shit. 00:36:08.000 --> 00:36:09.119 I'm overwhelmed. 00:36:09.280 --> 00:36:10.159 I'm overwhelmed. 00:36:10.320 --> 00:36:12.960 Everything is AI, AI, AI, AI. 00:36:13.119 --> 00:36:17.840 Social media, AI, Shopify, websites, AI, everything, AI, cybersecurity, AI. 00:36:18.000 --> 00:36:23.840 Like every fucking category in my entire AI, AI, AI, SpaceX, AI, everything. 00:36:24.000 --> 00:36:25.039 Netflix, AI. 00:36:25.199 --> 00:36:27.039 Like it's like non-stop. 00:36:27.360 --> 00:36:27.679 Okay. 00:36:28.480 --> 00:36:31.440 And there's again, there's one AI. 00:36:31.519 --> 00:36:33.920 It's all fucking AI, AI, AI. 00:36:34.719 --> 00:36:37.519 There's one thing that's not correlated. 00:36:37.920 --> 00:36:38.960 There's one thing. 00:36:39.519 --> 00:36:40.159 BTC. 00:36:40.239 --> 00:36:42.079 Is that good enough to make it go up? 00:36:42.320 --> 00:36:43.199 I don't know. 00:36:43.519 --> 00:36:48.880 But to come out and say that you're a retard for owning it is retarded to me. 00:36:49.119 --> 00:36:52.880 And then to close your leg with tau is like an insulting. 00:36:52.960 --> 00:36:53.280 I feel ins. 00:36:53.519 --> 00:36:56.239 I feel I feel insulted when I see that, truly. 00:36:56.880 --> 00:37:01.760 In my heart of hearts, it's like it's so just yeah, I don't know. 00:37:02.000 --> 00:37:03.920 The market's scary right now. 00:37:04.400 --> 00:37:05.039 It is. 00:37:05.280 --> 00:37:05.760 It is. 00:37:05.840 --> 00:37:06.800 It's scary right now. 00:37:07.039 --> 00:37:11.440 We're gonna be checking out this classic meal ready to eat menu number two, ham and chicken loaf. 00:37:11.599 --> 00:37:15.199 Now, this one here was stored in a climate-controlled environment for all these years. 00:37:15.440 --> 00:37:16.400 So let's check it out. 00:37:16.559 --> 00:37:17.679 They're so cooked. 00:37:17.840 --> 00:37:18.159 Alright. 00:37:18.400 --> 00:37:20.400 So we have some classic crackers. 00:37:20.559 --> 00:37:22.719 Looks like the vacuum seals just fine on those. 00:37:22.800 --> 00:37:25.920 And then some pears, which seems like they're making a little bit more. 00:37:26.000 --> 00:37:28.000 It's like 40 years old! How is it clean? 00:37:28.239 --> 00:37:28.719 Let's go. 00:37:28.960 --> 00:37:29.760 There's the loaf. 00:37:29.840 --> 00:37:30.880 It's a steamer. 00:37:31.039 --> 00:37:31.360 Wow. 00:37:31.519 --> 00:37:34.400 Dude, this chicken is 40 years old. 00:37:34.559 --> 00:37:35.199 Look at that. 00:37:36.079 --> 00:37:38.079 I get that last bit of goodness out of there. 00:37:38.960 --> 00:37:39.760 Look at that thing. 00:37:40.000 --> 00:37:40.559 Cool. 00:37:40.880 --> 00:37:41.199 No! 00:37:42.400 --> 00:37:43.679 Wow, it's super soft. 00:37:43.760 --> 00:37:49.199 You know, guys were usually eating these things cold or putting them in their engine block or maybe in an exhaust pipe. 00:37:49.360 --> 00:37:50.400 Definitely no heaters. 00:37:50.480 --> 00:37:52.000 Not until 1993. 00:37:52.239 --> 00:37:53.360 Check that out. 00:37:54.880 --> 00:37:56.079 Wow, it's hot. 00:37:56.400 --> 00:37:57.760 Jeez, that's kind of weird. 00:37:57.920 --> 00:37:58.719 The texture. 00:37:58.880 --> 00:38:00.400 It's um kind of like mushy. 00:38:00.480 --> 00:38:00.719 Look at this. 00:38:00.800 --> 00:38:02.079 Like it looks like real spreadable. 00:38:02.400 --> 00:38:02.880 Chompa! 00:38:04.559 -->

00:38:06.079 Jumpa's World! 00:38:06.400 --> 00:38:06.559 No! 00:38:07.199 --> 00:38:07.519 Cracker. 00:38:07.760 --> 00:38:10.480 It kind of seems like a decent breakfast item. 00:38:10.719 --> 00:38:10.960 No! 00:38:11.679 --> 00:38:12.480 It's very salty. 00:38:12.719 --> 00:38:14.960 Like a smoked ham and canned chicken flavor. 00:38:15.119 --> 00:38:16.880 Yeah, I want to actually spread it on the cracker. 00:38:17.039 --> 00:38:18.960 It almost is like a weird pate. 00:38:19.360 --> 00:38:21.280 I mean, this looks like it breaks out to a lot, too. 00:38:21.360 --> 00:38:22.880 It's like a luncheon loaf, you know? 00:38:23.039 --> 00:38:24.000 Almost like a pate. 00:38:24.480 --> 00:38:26.079 Yeah, it's like very spreadable. 00:38:26.880 --> 00:38:27.119 Consider it. 00:38:28.320 --> 00:38:28.719 Very cool. 00:38:28.880 --> 00:38:29.280 There we go. 00:38:29.440 --> 00:38:30.079 Not too much. 00:38:30.320 --> 00:38:31.679 That's the way to enjoy it. 00:38:31.920 --> 00:38:32.719 Right there. 00:38:32.960 --> 00:38:33.840 That is awesome. 00:38:34.079 --> 00:38:34.800 Perfect balance. 00:38:34.880 --> 00:38:39.599 That nice barley flavor of the crackers, and they're salted with this super salty meat. 00:38:39.840 --> 00:38:42.239 I mean, look at that congealed fat, right? 00:38:42.480 --> 00:38:42.880 Oh yeah. 00:38:43.280 --> 00:38:48.079 When will I ever get a chance to try an early generation ham and chicken loaf from an MRE? 00:38:48.239 --> 00:38:48.880 Probably never. 00:38:49.039 --> 00:38:49.920 Well, I could try one. 00:38:50.800 --> 00:38:51.519 It won't be like this. 00:38:52.000 --> 00:38:52.800 This is fresh. 00:38:52.880 --> 00:38:53.760 I can't even believe it. 00:38:54.239 --> 00:38:55.119 33-year-old. 00:38:55.199 --> 00:38:56.639 I'm gonna eat this entire MRE. 00:38:56.719 --> 00:38:57.440 This thing's perfect. 00:38:58.239 --> 00:38:59.679 This is a true experience. 00:38:59.920 --> 00:39:08.320 No, it's not! It's a simple straight dog knit, bro! Okay, so, anyways, back to what I was saying. 00:39:08.639 --> 00:39:14.000 These fucking doomers that want to talk about the bunker and preparing for doomsday. 00:39:14.079 --> 00:39:15.760 This is what you're fucking asking for. 00:39:15.840 --> 00:39:17.440 This is what you that's what you want. 00:39:17.599 --> 00:39:25.280 That's why the only way to prepare for doomsday is just rate, raise cash, as they like to say, so you can buy more fucking vapor. 00:39:25.360 --> 00:39:29.280 Because if it ever gets anywhere near this stage, I'm just opting out. 00:39:30.320 --> 00:39:30.960 Straight up. 00:39:31.119 --> 00:39:31.920 I opt out. 00:39:32.079 --> 00:39:37.840 I will do like a week of of modern MREs, post-COVID MREs, and then I'm done. 00:39:38.079 --> 00:39:39.760 I opt out straight up. 00:39:39.920 --> 00:39:47.440 I my preparations for doomsday, and the reason we're not gonna do any more fucking doomsday streams is I'm raising cash. 00:39:47.679 --> 00:39:48.639 I love saying that. 00:39:48.719 --> 00:39:53.199 I'm raising cash and I'm prepared to buy the 80% Wick. 00:39:53.679 --> 00:40:03.679 But if we get to the point where my fucking Bank of America account is down and people are walking around eating fucking 1984 chicken and beef hash MREs, I opt out. 00:40:03.920 --> 00:40:04.480 Straight up. 00:40:04.559 --> 00:40:05.440 I'm just out. 00:40:05.679 --> 00:40:06.719 I'm not interested. 00:40:06.880 --> 00:40:08.079 I don't want to play. 00:40:08.320 --> 00:40:09.519 Y'all got it. 00:40:09.679 --> 00:40:10.000 Okay. 00:40:10.239 --> 00:40:11.440 Some of you were born to do this. 00:40:11.519 --> 00:40:12.239 I wasn't. 00:40:12.480 --> 00:40:12.719 Okay. 00:40:13.039 --> 00:40:16.880 I was born to stream about markets and talk about mega church trade ideas. 00:40:17.039 --> 00:40:18.480 Um, better days ahead. 00:40:18.639 --> 00:40:19.119 I love you. 00:40:19.280 --> 00:40:20.079 I appreciate you. 00:40:20.159 --> 00:40:21.519 We're here every fucking day. 00:40:21.679 --> 00:40:22.639 We're talking about it. 00:40:22.719 --> 00:40:24.880 Whether I know, whether I don't, we're still gonna cover it. 00:40:24.960 --> 00:40:25.280 I love you. 00:40:25.360 --> 00:40:26.079 I appreciate you. 00:40:26.320 --> 00:40:32.960 Ansome, if you're in the market for vintage MREs, I got some PSA 10s, PSA 10 uh like turkey leg, I think. 00:40:33.039 --> 00:40:36.320 And I got a uh 1984 ham on the way. 00:40:36.559 --> 00:40:38.480 A little gravy on the side if you're interested. 00:40:38.559 --> 00:40:40.320 Um, that goes for anyone in the chat.