Sir Gene Speaks

0026 Sir Gene Speaks

March 29, 2021 Gene Naftulyev Season 1 Episode 26
Sir Gene Speaks
0026 Sir Gene Speaks
Chapters
0:14
Intro
0:22
Crypto and Podcasting Update
10:34
Fees in Crypto micropayments
29:28
Satan Shoes
37:38
Harris-Biden Administration?
41:42
UK Update
43:56
Derek Chauvin is Walking Dead
54:18
Texas Covid Update
56:14
Wrap-up
Sir Gene Speaks
0026 Sir Gene Speaks
Mar 29, 2021 Season 1 Episode 26
Gene Naftulyev

I recommend listening at 1.25X

Story Images and Links are only visible to Podcasting 2.0 Apps such as the following:
I recommend Podverse on iOS
I recommend PodcastAddict on Android
Get beta of Breez with bitcoin donation option https://breez.technology/ 

See all the latest APPS for Podcasting 2.0

Episode Produced with financial support provided by: BrewCityMike $50


Move to the same Podcast Host I use!
Get some credit on Buzzsprout! $20 Amazon Gift Card

Support the show (https://bit.ly/39tV7JY)

Show Notes Transcript Chapter Markers

I recommend listening at 1.25X

Story Images and Links are only visible to Podcasting 2.0 Apps such as the following:
I recommend Podverse on iOS
I recommend PodcastAddict on Android
Get beta of Breez with bitcoin donation option https://breez.technology/ 

See all the latest APPS for Podcasting 2.0

Episode Produced with financial support provided by: BrewCityMike $50


Move to the same Podcast Host I use!
Get some credit on Buzzsprout! $20 Amazon Gift Card

Support the show (https://bit.ly/39tV7JY)

Gene:

Well, I've been avoiding it for a long time, but I finally got sucked into this whole cryptocurrency bullshit. Ah, thank you, Adam Curry. So what happened? I've been obviously following along very closely, the changes and updates that are part of the result from podcasting 2.0 that have been slowly getting rolled out Some percentage of podcasts. Like me who liked to be on the bleeding edge have taken advantage of the new feature set. Obviously it's a chicken in that game because you need enough podcasters to utilize these new features for the podcast app authors to justify spending time and money on adding those features to their apps. But it makes just as much sense for pod-casters to wait until the features are supported before really spending any time or money or energy on adding the features to their podcast. So hopefully there are enough people like me that are willing to do that work and do it early and do it often to utilize the new features, even if they're not really supported yet or only supported in one app. But as a result that will be enough. Inducement enough, justification for other. Podcasting app authors to start adding those features to their apps as well. At least that's my hope with what's happening. So what does this have to do with cryptocurrency? Well, As you may recall, from the last episode, there are now two apps on iOS and I think one app on Android, possibly two as well that have added the ability to, I guess you could call it stream payments while listening to podcasts. So essentially make very small micro payments every single minute that you are listening to a podcast on their app. And I've listed a little more info about the apps themselves in the last podcast. I don't need to rehash that. For people that are a little bit. Less techie than I would recommend the breeze app without any E on the end as it has the, probably the most user-friendly graphical interface of the apps that support micropayments and for people that do want something that's not quite as user-friendly, but does offer some more features like the ability to communicate with the podcast authors and the private group Sphinx is the app that allows you to do that as well as also provide the micropayments. With the micropayments. I think I also mentioned that it took me a while to figure everything out. I had to get some help as well, obviously from Adam on making sure that everything is working, he helped me test things. And after I had the payments coming through and showing up in my Toshi account, everything looked like it was working fine. And then about a day, man, probably two days later, it looked like there were no more payments coming in now that could certainly have been because nobody's listening to my podcasts anymore. Maybe just hadn't gotten to the next step or people haven't started listening to the next episode yet. Of the people that have those apps, which is a small number, I'm sure. Several people obviously have already listened to it. Cause I saw the. Little micro payments coming in, but then nothing after that as it turned out, I actually got a couple of messages from people saying that they tried to have that feature turned on while listening to my podcast. And they were in fact, even making donations manually through those apps as well. But I was not receiving that now. They didn't lose anything because the the Bitcoin or the SATs that would have been sent, never left their wallet. The connection just timed out, I guess, but it does certainly bring up one of the downsides of being an early adopter being on the bleeding edge of the cutting edge is there will be bugs. There will be problems. And definitely we had an experience with that. So as somebody who was using a free node that was provided for by a Sphinx I'm sure I had a similar experience to what some other people that were also using the Sphinx nodes were getting as well. And the reason I make the distinction between having a Sphinx node versus not is because when I talked to Adam about it he's had his own node up for quite a while. He's been digging into all the same stuff with crypto coin, just doing it like a year before me. And he did not experience the same types of problems where all of a sudden payments stopped coming in. So clearly this was something that had to do with the infrastructure that was set up by a Sphinx and probably an infrastructure that had not really been tested to a level that it's currently being utilized to because as more and more podcasts, roll into the ability to be able to collect SATs from these types of apps. There's more and more transactions coming. In fact it's basically one transaction every minute for every listener that is using the app to listen to the podcast. So for my podcast, that's not a whole lot of transactions, right? That's maybe you get a few of them per minute. For somebody that's bigger certainly no agenda podcast, you may end up seeing transactions like multiple transactions per second and hundreds of transactions per minute, if not tens of hundreds, maybe even thousands. So consequently, the network needs to be of a sufficient capacity to be able to handle all that. The denominations of these transactions are tiny, but the frequency of the transactions is fairly large. And so that I think is what was at the root of the problem. It does appear that it's been solved now for the last two days. Whenever I've tried to do a test where I'm listening to my own podcasts and it's sending the PSATs automatically. They are showing up correctly. But having gone through this kinda made me realize that maybe I need to set up my own node rather than relying on a node created by somebody else. And that was the start of the rabbit hole that I fell into over the weekend. So pretty much all day, Saturday, all day Sunday, I was watching videos, reading both texts notes and how to guides and just generally learning about what it takes to set up a Bitcoin node. And the reason I have to learn how to set up a Bitcoin node is so I can learn how to set up. A lightening node, enlightening sits on top of the Bitcoin node. And the reason I need to set up a lightning node is because that's what the wallet sits on top of. So it's like a three stacked cake. And right now I am just finishing out that first initial layer. So I've installed the software, I've got it running. It's been downloading the entire blockchain for Bitcoin. It's already, I think it's done downloading it and now it's just going and doing some math on it. So hopefully tomorrow that part of it will be complete. And then I can actually start I've already installed, but I can turn on the lightning node, which will communicate with this Bitcoin node. And the lightning node is essentially an add on network that sits on top of the Bitcoin node. And it talks to other lightening nodes and allows for much faster transmissions of money. And by faster, I don't mean the speed of the network connection. I mean, the speed of the transaction right now, if you buy something via Bitcoin or you use spend Bitcoin on something other than just buying Bitcoin and keeping in the wallet from the same company where they've got control of both the wallet that selling it to you, and they're holding the wallet you're buying into those transactions are always fast. But other than that, if let's say you have enough Bitcoin to go buy a Tesla right now that payment wouldn't actually happen. In a matter of seconds, it would take a very minimum of about 10 minutes and potentially several days for that payment to be recognized as having been made to Tesla. And so the lightning network was created to avoid all this and the way it avoids it is it essentially has its own network of lightening nodes talking to each other. Processing payments and I'm not gonna get into too much of the technical aspects, but sufficient to say that it is very much still beta. Everything still tells you, be careful. Don't use large amounts of Bitcoin through here. You may lose everything, but they're also safeguards. And the protocols there it's going to end up being the main network that Bitcoin is traded through. I have no doubts about that, but the lightning network can process these transactions in literally a matter of a second or several seconds, or maybe less than a second. So very fast, almost instant. And then it just summarizes the transactions that happened with whatever Bitcoin node that it's talking to, which is why you need a Bitcoin node as well as a lightning node to finalize these transactions. But the initial transaction that's happening through the network allows you to get your SATs right away. And to start spending them or using them or whatever you're going to do with them very quickly. And so getting that lightening node set up would then allow me to set up a wallet, which would then allow me to point the incoming donations to my privately owned and operated wallet. And that is another item that I wanted to bring up to you guys. And don't worry, I'll get into politics that'll be the second half of the show will be all politics. This is like first half of the show. Just like when we had the weather events in Texas, the first half of the show was talking about what's going on with the electric grid in Texas. So now we're talking about this stuff. Where was I? Oh so what's, what is the other topic related to this that I wanted to bring up? Well, that is the financial transaction costs. Something that you may have seen in either Bitcoin forums or just in general, people talking about or videos are people talking about how this solution is super cheap and it's super fast and you can now send money virtually for free virtually to anywhere and virtually at instant speeds and all of those virtuals. They are a little bit virtual, like definitely this beats, a lot of other systems like for example, if you just wanted to wire somebody money through the traditional bank to bank method, which was pretty much the fastest way to do it a fast wire transfer typically costs somewhere around $25 and would take place within about an hour of when you sent out and the. Details for it essentially an hour after you, you gave all the info to the bank to do this, and it's not obviously the network speed is that slow. It's just that it's a lot of transactions all going through the same Swift system for bouncing the banks money, that there was very little priority happening with it. And our was considered super fast. If you want it to do it slightly cheaper, you would just do it. And then know that within 24 hours he would have money that came through as a result of that wire transfer. Now with Bitcoin, like I said, you're right now looking at about 10 minutes as the fastest. And if you want to go with a cheaper processing rate for your, for the speed, I believe right now it's running it like three days is the cheapest speed. So it's significantly slower speed. potentially fast enough, depending on. Whether you need cashflow instantly or not. But the fees are also relatively small like compared to a credit card processor, for example, credit cards, depending on the type of card utilized and the how what category I should say, the business operates from. So that category determines the risk factor for the processor and the banks and stuff. So you may have somebody that's has a storefront and

they're

Gene:

selling, I don't know, what's an item that isn't returned a whole lot there. They're selling, let's say food items. So there's a few returns happening virtually nobody's complaining because these items are all, all well under a hundred dollars, even though the total amount might be higher than that. And there's a lot of these transactions happening, but none of them are hugely large in size. So for that kind of transaction the fee. May only be 2% or maybe just tad over 2% that the store would have to pay to its credit card processor. Now, if somebody is using a fancy card, like an Amex platinum card, that fee will be more like four or four and a half percent because the fancy cards that give you a lot of perks while the little bit you don't realize is somebody still has to pay for the perks. And who pays for the perks are the companies that you're using those cards with. So no free lunch. All you're doing is you're transferring more money out of the business that you're using the card to purchase something with. And then they're paying for your perks essentially. Now, if you're in a high risk business or what's considered to be high risk and a great example of that is a marijuana dispensary or a marijuana store, whatever they're called in your local area. Then the fee you pay will be a much higher, I've heard of fees anywhere from 15% on the low side, all the way up to about 27% on the high side, which means that if you're lucky enough and most of the marijuana shops will consider themselves super lucky. If they can accept credit cards at all, a lot of them just can't get credit card processing, but if you're lucky enough to get credit card processing than plan on spending 15 to 30% of that money of your gross sale on credit card, transaction fees, it is insanely high. But I guess enough of the marijuana sellers considered that to be a perk, to be able to utilize credit cards rather than forcing people to take money out. And then if you've never been to one. I, what some of them have are cat machines inside the store so that you can take money out of your own bank and then pay them with cash for the transaction. It's kind of crazy because you would think what I mean, why aren't the banks just giving them terminals to pay? And I think there's a large factor there that has nothing to do with actual risk and has more to do with the perception, which is banks don't want to be perceived as supporting drug abuse. And

so

Gene:

a lot of banks just aren't willing to extend credits or any kind of risk to marijuana sellers at all. That's a whole separate conversation that we can get into. Sufficient to say that the range is pretty wide it's from about 2%, all the way up to about 30% in terms of the charge you're going to pay. Using traditional methods. Now, what are the charges on the Bitcoin networks? What I've seen are some flat rates, which are not low. So regardless of the size of a on chain Bitcoin transaction, you're doing at least for the ones that I've seen, you're going to pay about a six or $7 minimum charge for that transaction to go through. And then a percentage of the transaction. Now, the percentage is going to be fairly low. It could be in the one percentile range. It may even be below that if there's multiple parties involved, that might be higher than that, but reasonably small amounts, but certainly a minimum fee is involved here. But what about these micro-payments that I started talking about the payments that happen in the podcasting apps. Those are all very small. They're literally a penny or maybe a couple of pennies, or maybe even less than a penny per transaction happening every minute. So if you're getting a penny donated to you, how much of that penny are you actually losing? It's all calculated in SATs, not in us dollars. So you always have to end up translating and back and forth in the end, but I can give you some rough numbers. So for example using the sort of the default networks and using the breeze app that is allowing people to donate directly every minute through my podcast for every 100 SATs donated, I receive about 93.7. So let's just say 94. So there's about a 6% charge essentially. That gets taken out for that transaction. So you can see right away 6%, that's nowhere near the 2% that is possible with normal credit cards. That's absolutely true. And let's also compare that to PayPal. So if you have a personal PayPal account that you're asking people to donate money to there is zero taken out, like that's essentially something that PayPal is doing with no costs to either party, which is really cool unless you're using again some expensive credit cards and they'll just pass through the cross of the credit card to the person receiving the money. If you're doing a business PayPal account for comparison, I think they're taking out 2%. I believe that's what it came out to. Last time I saw a transaction. So if somebody donates, no, it's gotta be like two and a half. I think it's like two and a half. And that's assuming that they're donating money. Not from a credit card, but just from a, a cash funded PayPal account. So for a hundred dollars in donations then I would receive like 97 give or take if that's done through a credit card that would probably drop to about 92 or 93. So they would end up taking now it'd be more than that. They would go from two, probably to about four and a half percent at max. So let's say 5%. So it'd be 95 out of a hundred. If these sad transactions, these micro payments are taking a 6% cut and you're only getting 94% left. That's not a very good deal. Is it? The difference here is it's not some anonymous bank that is making money off of this. You can actually see. You may need to explore a little bit. It may not be obvious, but you can certainly see where the fees end up going and where the fees end up going right now. And this is all subject to change. So if you're listening to this, not immediately after this episode is posted, but some future time, your mileage may vary

as

Gene:

they say. This is as of right now, where are you going to see is that the breeze application itself will take 4% of that transaction. So out of a hundred sites, they will take four of those. So that's essentially paying the application developer that is provided you with that app for free. Now it doesn't, there's nothing says they have to make it a free app. Either. You can have a paid app that still takes a percentage, but the point is they've determined that by providing this type of service, that they will be taking a A slice off the top. And that slice is about 4% a podcast index. And by the way, Adam, if I'm incorrect in any of this or Dave jump in and correct me, but right now I believe podcasts index is taking 1%. So because the transaction is coming from a podcast that was registered with podcasts and index this is the way that their budgetary considerations are met this since they are essentially funding everything themselves. There's no fee as a podcast or that I'm paying to the index itself. I'm not like paying a $10 a month subscription fee or anything like that to them. So the way that they get funded is by taking 1% of the donations that are coming in. And then there is the. The bank, if you will, the app that is collecting the fees, which is coming in, which right now is also taking 1% of those fees. So you add those up together and you end up with basically a 6% deduction. So it's not bad, but it certainly isn't 100% now in contrast I will say right now, at least again, this is subject to change. If you are using this Fink's app and you're listening to the podcast in this thing's app, and you make a donation to a person that is also using this Fink's app as their bank, like I am right now, Sphinx essentially is allowing people to create these wallets right on their app. Then there is zero money deducted. So if somebody donates 100 SATs to you, you will get. 100 SATs incoming to you. Now I expect that to change at some point, as they tweak their business model and start charging a higher transaction fee. But right now for internal payments, they are not charging anything. So this is a good thing, but again, percentage wise, that is obviously a difference between a hundred percent and 94%. But incidentally, that also means podcast index. Isn't making any money off of their app right now. And that's going to, I'm sure it needs to change as well. That's certainly part of the deal for podcasts index is that they're free to users. They're free to everything, but they are part of that value chain so that when somebody is making a donation and automatic percentage of that is going through now, something that is currently not happening, but will likely happen eventually. Is, you will start having companies offering free quote unquote hosting of podcasts. But they will in turn then add themselves into this slice of the donations. So right now, for example, I'm using bus sprouts. I really like bus. They've been super awesome. I think I've had seven or eight support tickets I've raised. All of those tickets were addressed within an hour and all of them were solved within 24 hours, including when they've actually reached out and contacted other app developers on my behalf to get solutions to problems that I was seeing with compatibility. So very good company. So I'm paying them, I want to say around 30 bucks a month, I think that was a plan I'm on. So that 30 bucks a month. So this is not the option today. But I'm going to predict before too long, they will end up being an option that will drop that $30 monthly fee to $0 a month or maybe $5 a month. But then whenever somebody makes a donation to me and my podcast is hosted on their service, they might get another four or 5% from that donation amounts. So now if we add the, let's say it's 4%, add that to the 6% that's already being subtracted out. So now for every 100 SATs coming in, I would see 90 cents deposit into my account because I'm part of the way that their service is going to be paid for. Isn't going to be just simply sending a flat invoice to me every month, but rather being a part of that value chain that Adam likes to talk about. And allowing the users that our listeners are calling them users like it's software, right? You guys aren't users, God dammit. You're listeners. And so potentially a portion of your donations may automatically end up paying for these things. Now, right now that's certainly not the case, but it's an interesting idea. So what this is allowing people to do is not worry about if you're a developer not worrying too much about how am I going to charge people to use my service? How am I going to charge somebody that's using my podcasting app? Do I need to bill them like 20 bucks a year for a yearly license, use my app and how many people will cancel or not use it if that's the case. So it takes all these considerations away and just simply says, okay, I'm just going to insert myself into the mix and by allowing people to make donations, I will receive part of those donations. And then I'm going to just keep my fingers crossed and hope that there's enough successful podcasters that are utilizing my app or are available maybe on my app. If it's for listening that the money coming into them is going to then more than pay for all the development that I've done and then provided for free. It's an interesting model. It's it takes a lot of the risk off of the individual podcasts or creator, and then shifts that risk to all the supporting companies. But whenever you shift risk, there's another thing you shift and that is the reward. So now instead of me just getting monthly bills for a variety of services that I'm taking care of, but those bills are flat. They don't go up and down as more people donate to me. And then getting a hundred percent of those donations. Now, instead of that, my bills are lower. There are more things that are essentially free to me to utilize, but when donations come in, there's a higher percentage of those donations that gets sliced off the top automatically. And if I'm a small podcast or it's not a big deal, it's fine. But let's say you get to be a pretty large podcast. You're like some of these YouTubers with a million subscribers and your donation amounts are coming in at about 10, $15,000 a week. So let's say it's a round number, like $10,000 a week. If you're getting out of the 10,000, you're getting to keep $9,000 a week. That means that over the course of a month, you've just paid $4,000 for all these services, which frankly may only cost $500 combined. If you were to pay for them individually. Directly. So now you're like getting overcharged as a content creator as a podcast, or I don't have to worry about that. Not anytime soon, I don't think, but certainly it is a consideration for larger podcasters. Now also consider that this is still very competitive because if you look at companies like Patrion, that a lot of podcasters and YouTube and Twitch people have been using Patrion takes a, I believe it's 10% of all the money that comes in. I think when they started, it was five. I believe it's actually 10% right now. So

essentially

Gene:

for every a hundred dollars that comes in, you're going to end up getting 90 out of that hundred. So very much still in the ballpark and the way better than what you would see on some services. If you are a YouTuber and somebody does. A paid message during a livestream similar to the ones that I've done for Tim pool to keep recommending that Adam Curry get on his show so far. No go, but maybe by the time you're listening to this, Adam will have already been on temple, but YouTube takes 30% of that. So if you don't, if you're paying $10 for a paid message on YouTube during a live stream, the YouTuber is only getting 70 cents of that message. So it's a crappy deal. So all of a sudden done there, there's really nothing big here. I'm not trying to create any drama where drama doesn't exist. I just want to explain everything very clearly because a lot of this process is just barely coming out of the beta phase or it's still in beta phase. A lot of it is really only things the techies understand, not the majority of podcasts. As Adam loves to hear, if I can't explain something to my mom, then it's not clear enough. And certainly this is still not clear enough and it will get there. I'm sure. And I'll probably be sucked into helping write the documentation for it, frankly. But that's okay. I'm happy to help as well. And that's part of the reason that I wanted to talk about this topic today in the first half of the podcast, because this is important stuff. It's exciting stuff. It's stuff that will be commonplace and we'll take it all for granted in the next several years. But right now it's literally being created from scratch. We're seeing the first apps using the first examples of the new index 2.0 using the first pod-casters that are filling the content to be able to use the new features of podcasting 2.0, it's all really cool and exciting stuff. And I hope to have. More segments, more interviews that deal with this topic. So if you're not interested in it, if you're not a podcast or you don't care about how podcasting works, then I'm going to apologize proactively to you because there will be more of this content on this podcast moving forward. But with that, let's move on to some stories and some politics. Shall we? First story that I want to bring up, I guess is boy, wait, it's something that I just don't want to spend a whole lot of time on, but I'll jump on it. Cause it is funny to me, Satan shoes. I'm sure you all heard of Satan shoes. You've seen plenty of pictures of them actually look cool. If you ask me, but I think that this whole concept that little NAS X has done has been a amazing example. Of PR of using public relations to generate free marketing for him, his business, his music, his personal brand, all of the above. They created from my understanding 666 sets of shoes sold for roughly a thousand and some dollars each. So a little over a thousand bucks per pair shoes. They're not even brand new shoes. These are repurposed Nike shoes. So they've taken Nike shoes, purchased them, presumably new and then customized them, which is certainly something that people have done for many years. There are shops out there that are able to customize your shoes, rip some seams out, add some new material, color, some leather, different colors, and make very unique sets of shoes. And the best part about it is it's using us labor, not some slave labor out of China, which is what Nike typically uses. This is what they've done with these shoes. They've sold out instantly. So all 666 pairs were sold out. And then the controversy about the fact that there is purportedly one drop of human blood in the souls of each of these shoes. Oh boy. So the controversy is doing exactly what it's intended to do. Is there any actual blood in there? I highly doubt it. You do not need to put any human blood in there. All you need to do is say there's human blood in order to create the controversy. It's like the bell Dell phene selling Beth water. I don't know if you're aware of this, if you remember the story from maybe a year ago where bell Delphine, who's this sort of semi adult type YouTubers slash Twitch person slash only fans person slash PornHub person. If she's really a performance artist. In my opinion, she's definitely not a porn star, but her stuff is very much 18 plus age range. So what she did is I think for the same reason, mostly for the notoriety factor, not for actually making money as she was offering her bath water. So fans could buy the bath water that she took a bath in a little bottle. I think it's about an ounce. It's a tiny amount of bath water. And I can't remember what the selling price is. I'm not going to bother looking it up. You guys can, if you want, but she was selling this stuff and all the outrage. Oh, how can you allow somebody to sell bath water? That's just absolutely dirty. How can you allow somebody to sell biological material? There's zero chance that there was any human like her in that bath. If the water even came from a bath, now I suspect it probably was in a bathtub for two reasons. One, she can still call it bath water, even if she never got into the bath too. If you're mixing a lot of batches of one ounce bottles, then all you do is you hire an intern. You fill up a bathtub full of water, you dump some bubbles in there. Some of the soap that creates bubbles to make it look like bath water, and then you have a $10 an hour intern just sitting there dipping one ounce jars, and then sealing them and getting them ready for sales. So technically it is bath water. Technically she owned the bath tub, so she could say it's her bathwater, but I am completely confident. There was no human DNA in that bathwater. She didn't have to sit in the bath water to be able to sell it. That just adds a whole extra layer of complication and headache that she didn't need. But what she did do is she went from being a barely known person and only two specific followers of girls like her to being known worldwide by a bunch of people that would have never bought or seen her product. Never seen her videos that now we're Googling her name. And it's a fairly unique name on Google and on PornHub and all the, all these other websites to see. Well, who's this girl, what's this all about? Why do I want her bath water? The interviews that I've seen done with people that had actually purchased Heather, her bath water were also under no misapprehension that she was sitting in the bath. These people just thought it was funny and neat, and we're willing to spend the, I don't know, 50 bucks or whatever it was some crazy amount. But again, it was a souvenir. It was something that they would do mainly because they wanted to financially support her. They thought it was neat. And they're getting this weird ass souvenir. So my take on the Satan shoes from what's his name little NAS X is pretty much the same as this is a great promotion. Move to use negative publicity to nonetheless generate huge hype. That will result in much, much more money than they actual cost of the shoe sales coming in the shoes at a thousand bucks, a piece probably covered some of the publicity costs and some of the production costs. And we're probably providing zero profit to him, but he wasn't looking for profit there. He was looking that to simply generate the publicity. That'll generate a lot more profits, his next album, or maybe even his current album sells in much larger quantities. And when a lot more people are interested because everybody wants to get a piece of something unique. Everybody wants to have something that is unusual. Yeah. And if you're in the right demographic of being a suburban kid with fairly affluent parents or a suburban college kid with affluent parents, you are the prime demographic for spending a thousand bucks to buy a pair of shoes. That at the same time as being crazy expensive and unaffordable to your peers is also going to piss off your parents. What better way to spend their money than to get something that's going to piss them off. This is absolutely classic Americana. Everybody that can, has done this move as a teenager or somebody that is in their early twenties. It's a, win-win, it's a, it's triple win. It's a win for him for creating the project to get notoriety. It's a win for the people buying the shoes because they're getting something that's unique. And they're now part of the notoriety simply by buying the shoes and they're pissing their parents off, which is another win for them. And ultimately, I think it's a win for a lot of third parties like news and media outlets who have nothing to talk about because Trump isn't making headlines anymore. Well, shit, no, one's watching our TV channels. Wait, who's this little NAS X guy. Oh my God. He's got a pentagram on his shoes. Great. Now we have a story to get people all excited about and to put out some rage bait out there. So it's a, win-win when everybody's coming across. Good. The only people that I think are losing here are people that have an extremely high intolerance towards esoterica towards things that they perceive as being satanic. So people that are not just highly religious, but highly religious and easily annoyed. And those people are shortening their lives because their blood pressure is going up because somebody has decided to put out some shoes claimed there was blood in them. And there's all kinds of pentagrams on imagery like that on them. Shit. Look at his videos. His videos literally have a devil sitting there that he's interacting with in one of the videos. So it's much ado about nothing, but then nothing is going to provide a lot of bank for his bank account. I think that's what it comes down to. All right. So that's story. Number one. Now, should we get back to politics now? I guess I've been avoiding politics for awhile. Maybe I'm just tired of politics. Maybe that's what it is. Biden Harris administration. So there's some brouhaha and conservative websites talking about how this is the first white house administration that seems to put parody of name for the vice-president alongside the president at every turn. Certainly when previous administrations ran a ticket during the elections, the ticket was a hyphenated ticket. It was the president's LA hyphen vice-president or president slash vice-president. Once that person won the election, it was absolutely their presidency. And the vice-president was shoved off into the background to do some meet and greet opportunities that the president had no interest in to preside over groups that the president had zero interest in. And to generally just shut the hell up and not make a fool of themselves, that would be poorly reflected on the president, the show Showtime, or was it HBO? I guess it was HBO, the HBO show shit. Maybe it was Showtime. Anyway, the TV show Veep with what's her name? Louise Dreyfus in it was absolutely hilarious. I thought I love that you're Julia Louis Dreyfus. She did a great job. All the other characters are character actors that did a great job. I think they, they lampooned what it's like to be the vice-president and to always be worried about how you're being perceived and are you getting snubbed too much by the president and everybody else? And just essentially being that number two person that no one really cares about, but you're trying to create a bigger deal than you actually are. Wonderful show, highly recommend you watch it. Definitely liberal leaning, but the humor is universal in there. It really doesn't matter what the political positions of the characters were because they made fun of both sides of the aisle and did a great job of it too. So with this administration, we have a vice-president who is not living in the vice-presidential quarters. I'm assuming she's still in the hotel. As the newspapers would say, she's still living out of suitcases. Harris has not managed to live away from the suitcases. The story is that she's waiting for renovations in the vice-president quarters. I guess she's having the kitchen redone or something like that. That's the official story. The wink, wink nudge jokes, of course is that's not what she's waiting for. What she's waiting for is so just to be able to move into the white house, because that's the real residence that she's referring to, that he, she hasn't moved into yet. And I'm on that side of the argument. You guys heard me talk about how my prediction is. Biden is a maximum a six month president. He's not going to last beyond six months. She will take over for him. Whatever the official reason is, they'll come up with a good reason for it. And then she will become the first female Asian president, black and Asian. So she's a Blasian president. Of these United States of America. And to that front we see the official white house administration page, which is the point of the article I'm referring to lists the Biden Harris administration. As the top of the page. All you gotta do is just double click on the word Biden hit the delete button, hit the backspace, and it becomes the Harris administration page. There've been other instances where the white house has been referred to as the Harris Biden administration or the Harris Biden cabinet where her name was actually I had of Joe's and I believe there was even an audio clip that was played on the agenda that listed Harris prior to Biden. This is really mad in the grand scheme of things, obviously not, but it is funny. It is nonetheless funny to see funny, to see how they're trying to not make a big deal about something that obviously they're planning on happening. Which is that she will end up being an unelected president at some point before the Biden, his administration wraps up. Alright, so what else we got it looks like the, the United Kingdom. So yes, you can update The UK looks like it's doubled the amount of spending on street camps on CCTV cams because they need better patrolling through big brother of the awful UK citizens. Or I should say, sorry, they're not citizens. Are they the UK subjects who are not acting appropriately by staying indoors, not leaving the house, having multiple masks on not having contact with friends or

family

Gene:

or relatives or anybody else. And to better track all those people. Clearly the budget needs to be increased. It's also a system that's been accused of racial profiling, whatever doesn't really matter. The point is the cameras are there, they're recording everything. So they're observing everybody. I don't know how that's racial. The only part of it that may be racial profiling is what's done with that video data in the end. And if there are humans involved sure you can have racial profiling. You can have all kinds of profiling going on because humans have preferences. Unlike machines, you can't just simply say let's look at the code. What is the code set to do? Oh, Nope. No difference based on skin color. Okay. Well then it's not a racist piece of code then with humans, that answer is always going to be, yeah, there's no difference, but the reality might be a little different as we've seen a lot of these woke, supposedly anti discrimination. Anti-racism people are absolutely the most racist, vile trash that exists. Nobody has tried to categorize sort and place people in different rooms, different buckets, different cars, different areas based on the color of their skin, nearly as much as it's what's happening today with the whole woke culture, trying to quote unquote, be more sensitive to race while in fact being the most racist culture since the the days of the KKK was running around the South and voting Democrat, which the Democrat party was always a party of the racist. And guess what? It still is shocker. Let's see what else we got. We got the Derek Jahvon trial continuing with lots of protesters outside. No shocker there. I don't know. I don't need to spend a lot of time on that guy. Derek is pretty much fucked. He is managed to walk into a bear trap, step into it, and then the wiggle around to make sure that it goes off on his leg and permanently traps them in there with no possible hope of escape. And by wiggling his leg, of course, I mean, he had his leg on top of of somebody's neck that he probably shouldn't have. Regardless of the reason why, right though, they're taught to do that. Sure. That's fine. I'm sure they are taught to do that. The bottom line for me is very simple. When you have somebody that looks inebriated intoxicated, that clearly under the under the control of some drugs, It could be alcohol. It doesn't matter what it is. Person is not in a clear state of mind. And then you take that person, you go to the trouble after handcuffing them, of stuffing them in the back of a police vehicle. What you never ever do after that is open the door and let them back out. That was absolutely the biggest stupidest mistake that could have been made. So what might've happened had they not opened that door? Well, maybe he still would have died. But but then the circumstances would have been completely different. Oh, handcuffed man dies in back of police vehicle from drug overdose. Wow. That's probably not something that's going to start a riot. That's probably not something that's going to reignite black lives matter. Maybe it would, but nowhere near the intensity that having video. From both phones on the street and from the cop cameras, a man's talking about his mother and how he can't breathe and laying on the streets with a policemen's knee on his neck, even if that's the procedure that was taught, like that's just bad moves all the way around. And so it's bad. Decision-making on the part of shoving as bad training on the part of the Minneapolis police department. It's obviously horrible for the drug user that ended up dying and as a result of it and it's bad for the people of Minnesota. Who've had to suffer through literally billions of dollars and destroyed property. And God knows how many hurt people. I don't know if anybody else was killed as a result of the riots. Possibly. I can't recall, but certainly literally billions of dollars of property damage happening. And a lot of those businesses in those neighborhoods are never coming back, which means that the residents of the neighborhood are just not going to be served. Imagine you're having a Walmart, a mile away from you, and then that Walmart gets torched and they just don't rebuild it. And the next closest one is 22 miles away and you have nothing to do with that. You weren't protesting, you, weren't using drugs, you weren't doing it. You just happened to live in that neighborhood. And now the actions of these people, these anti race violence, protesters of the BLM people, those actions are not going to make it harder, more timely, and more expensive for you to just get your basic groceries, get your basic shopping done. The majority of the people that live in that neighborhood. They're the ones that are suffering. They're the ones that are paying the price. It's not the family of the guy that got killed it's and I'm not going to mention his name. If you've noticed I'm doing it on purpose, I just don't need to give any more attention to him. So we're talking about Derek and we're talking about the guy, the cop that is going to get fucked up the ass and then die. This guy will end up going to jail and he will be killed in jail as a 100% guarantee of that. If he ends up getting off in the course of this trial, which I don't think he will, because the jury is predominantly black and from listening to people that know way more than me about juries watching podcasts and videos from lawyers. This jury was very much selected to convict the guy like there. The defense did not do a great job of jury selection. The prosecution did a much better job of jury selection. Odds are, he will be convicted and odds are, he will end up going to prison and in prison, maybe not in the first week, maybe not in the first month, but he will absolutely die because that act of killing him will end up making somebody a hero. So he'll likely be killed by somebody black and probably somebody who's serving either life, sentence, or just very extended sentence. They're already sitting behind 50 years in prison. So a murder inside the prison. Isn't going to be a substantial difference to them anyway, but for those 40 years or life sentence, they will always be known as the guy who killed the cop who killed the guy that created all the brouhaha that ended up leading to the BLM movement revitalizing. There's nothing there. I just don't see any good path forward for Derek Shaw. And I think this guy is just dead. He's a walking dead man. It's he would literally have to leave the country to avoid having somebody killing him, even if he gets, let's say by some miracle, his lawyers managed to pull off a, not guilty on all counts. First of all, there be billions and billions of dollars of property damage in the Apple is falling that like downtown Minneapolis is going to burn, not just a little bit of downtown or a little bit of Minneapolis outside of downtown where poor people live, which is what was burning the first time. If he ends up getting off, then the downtown of the city is going to end up getting burned. And that city, that downtown has a lot of fortune 500 companies. Those companies don't want to have to deal with that. And so I think there's a lot of financial pressure, a lot of political pressure to make sure it doesn't happen and to make sure it doesn't happen, he has to get convicted. And so right now already, I think we've seen the move towards that because the, he has one lawyer defending him and there are well there's the state prosecutor that's prosecuting him, but also there's something like 16 other lawyers that have rejoined themselves through the prosecution. So you've got basically the best legal minds in the state of Minnesota planning on how to guarantee that there's a guilty sentence and one lawyer trying to prevent that from happening. And ain't gonna work. He's going to be found guilty, guaranteed. This is not going to be like an OJ thing. This is not a. Trial is being moved out of the city. This is no. This trial has the jury that is virtually guaranteed to convict, no matter what. And if the lawyers do a good job, then the jury doesn't even need to think twice about it because there will be enough evidence in place to convict. Now, do I think he's actually guilty of murder? No, he's not guilty of murder. He's guilty of manslaughter. A man did die. That was under his direct control. I don't think he did it maliciously, although I'm, can't read his mind. So I can't say for sure that he hadn't thought about it. That boy, if I just keep pressing down on his neck, just show them the hell up. I'll never have to deal with them again. Maybe that thought did go through his mind, but I kind of doubt it. It's a very risky and dangerous move to kill somebody. Especially somebody of the wrong color. If you're a cop, because of this exact scenario, this is enough cops know that this is what happens when you kill another black man, whether it's on purpose or not, this is the kind of next steps. So I doubt that he was willing to become a sacrificial animal for this event, just to kill a guy that he'd previously known and just didn't want it to be walking around the streets, knowing hell, is that the case? So he was probably pissed off. He probably had some adrenaline pumping. He probably was pressing harder than he should have been, but at the same time all indicators from the autopsy from reports, from again, people much smarter about this topic than I am people that. Are experts in the drugs that the guy was on people that are experts across a variety of disciplines relating to working with criminal behavior. The consensus is very much that he was biting. Cause time he was had, had swallowed more of the drugs as he saw the cops. And so it was just a matter of time until he had been overdosed and the main mistakes that the police made and primarily Derek, but also the rest of the other three cops that were there was allowing him to get out of the police vehicle. Once they had already pushed him inside the police vehicle, no matter what he was saying, I can't breathe. My arms are too tight. I can't, I'm too big to be in here, whatever it is, doesn't matter, leaving him in the cop car would have shifted the burden of that death to the actual perp that they put in there. Rather than the police individually or as a group. So that was the main same mistake. I think they made from a strategical standpoint. And if he didn't die well then great. Then you just had somebody bitching and nothing happened and he was bitching and then he died. Okay it's still probably look bad that they said the video shows him saying that he can't breathe and that he wants to get out the vehicle, but you put them in there. That's a must, much easier thing to sell to a jury and say I put them inside the vehicle for both his safety and my own safety. He was in the state of mind that was both violent and uncontrollable and he was not being rational. So he has to be in an environment where he can't do damage to anything or anybody or himself. The worst thing that could happen to him if he's in that car is he could throw up on himself, which happens pretty regularly in inside of police vehicles. Those things would have to get cleaned out a lot. Especially for people that have just swallowed whatever illegal drugs they were carrying in order for those drugs to not be seen. Quite often, those drugs have an immediate effect where the person that starts to vomit and ends up vomiting the drugs out along with whatever they ate before and all of that ends up inside the cop car. So anyway, that's my take on the whole Derek Chavonne situation. I don't know if I should even do one more story. I know we're already hitting an hour here this is, again, not a big story in all, certainly nothing surprising, but I said had another one coming off. C-SPAN talking about how Biden wanted more us mask mandates. He wants to have States reinstate mask mandates. He doesn't think they should have been lifted. They were lifted prematurely because there's a potential for a surge and Fowchee and all these other. Yahoos are saying we're not out of the woods and there's going to be a bigger hit anyway, blah, blah, blah. It's all bullshit. Because the best example is what's happening in Texas. Literally since the day that the governor of Texas has gotten rid of the lockdown orders ever since the lockdown has been shut down. The rate of both deaths related to Covin note. I don't say because of COVID cause nobody died because of COVID people died with coven. So the number of deaths is down. I think 17% and the number of people diagnosed with COVID is way down. I think that's 27% somewhere in that neighborhood compared to the period during the last few days of the lockdown. So getting rid of the lockdown has done absolutely nothing to raise COVID rates and state of Texas. And the rates continued to plunge further with no lockdown in place. Now I will say that is not to say that nobody in Texas is wearing a mask or. Is glow avoiding their business or anything like that. There are plenty of people in Texas that are waiting to mask right now, mainly in Austin. Austin is the California and part of Texas. This is where all the transplants go when they move from the horrible, evil cities of Sodom and Gomorrah, otherwise known as San Francisco and Los Angeles. And I don't say that for any kind of sexual reference. I say that because just a places that I don't think would be missed if they just disappeared off the face of the earth. certainly not by me anyway. Remember this is entertainment, even if the topics themselves are serious, I still very much considered to be something that I'm creating. In order for you to enjoy it as entertainment. And to that end, now that I have a few subscribers and now that I actually have people that are starting to donate money and now that I'm set up, obviously in the apps where you can also turn on the minute by minute donations through the use of SATs, which is Bitcoin. So with all these things and having done over 25 podcasts now, yay. I guess I'd like to start encouraging people to make donations they help pay for all the costs that are associated with creating the podcast and they also help to encourage me to create the podcasts on a more regular basis. I'm sure you guys have noticed that my podcasts vary between two days apart and three days apart with the occasional four days apart. If I'm super busy during the duration of those days, I'd like to get to a more regular every other day. No longer than one day between podcasts schedule, but to do that, I need to make sure that people are actually listening to these because all kidding aside, there is a very serious thing that happens where there is data overload or information overload. So if I create. One podcast a week and you guys like it. And then I started doing two podcasts a week and you guys are still liking it. You're like, yay. This is great. We have more of the same content. That's a plus. Now let's say I go to four days a week. I double that again. You went from having one hour to two hours of podcasts. Now, four hours of the same podcast by the same person per week. Some of you might be saying, that's awesome. Keep it going. Love it. I have plenty of time to listen. Others are saying, well, shit. No, I don't have any more time because if I listen to any more of you, I'm not going to get to listen to my other favorite podcast. So that's not a good thing. And then if I went all the way out and just did a podcast every day, that'd be like seven hours of podcasts a week on top of whatever else you're listening to. And while there might be a handful of you guys out there that would love that as well. You're the same people that I generally talk to for half the night and no agenda social anyway. But for everybody else, they're not going to listen to all my episodes. They may still listen to one or two, maybe even three, but there's no way they're going to listen to seven episodes per week of my podcasts. And so you get to that diminishing return factor. And what I want to do is I want to get right up to the edge. I want to get to making as much content as you guys are willing to listen to. But not any more than that, because any more than that is just a waste of my time. And I'd rather do other things with my time. I have to do other things with my time. So right now, the best way to tell me whether there's enough content or whether you'd like to see more content is by turning on those micro-payments in the podcasting apps that I have listed in the description or just simply by making a PayPal donation. To the address that's also listed in description, or you will see the QR codes on your screen pop up for as well. And to that effect, I'd like to thank Bruce city, Mike for a donation of $50. Hey Mike, that is awesome. I very much appreciate it. And you are definitely telling me you like what you're hearing and you want me to keep doing more of it. If you make a donation, make sure you also say, this is done on behalf of my business, or this is done on behalf of my anniversary with my wife, that I'd like you to call out. I'm happy to do that for you guys. If you would like that or if you're like Mike and you don't need any of that's fine too. Either way. I appreciate the support. On that light note, I think I'm going to wrap it up. I apreciate you listening

Crypto and Podcasting Update
Fees in Crypto micropayments
Satan Shoes
Harris-Biden Administration?
UK Update