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Kind: captions Language: en he said that he was selling a hundred million dollars of liver supplements so basically these pills where it’s like instead of like eating liver just swallow this pill right and i looked it up on amazon and i did a bunch of research and i think it’s true i think it’s 100 true i think that’s how much he’s selling in in these amazon uh supplements all right so so we’re doing something so the the contest is this so you go to our youtube you find our full videos and you chop them up into little like 10 15 20 second clips whatever you want and you post it on social media tic tacs the best one but and you use the hashtag uh mfmclips that’s mfmclips with an s and you just use that hashtag and we’ll find you but basically the people who make the best videos typically the best video means the ones with the most views but last time we actually gave it to someone who had the most views and then another person who had just cool videos anyway you may turn these episodes into small clips use that hashtag and we’ll give you five grand based off of quote the best ones and we’re just gonna pick what we think is the best last time i think did we give it to two people or three people last time i think two at least two people won last time and it was a win-win right like their channel blew up they had like hundreds of thousands of views on individual videos i think someone hit a million uh and they won free money so that’s good and the guy who won or i don’t know he was one of the guys who won he built a business around this that’s now doing a million a year in sales or north of a million years like it’s doing like 80 000 a month yeah and he came full circle he emailed me the other day being like hey i think i could help drive some growth to your other to milk road um would you like to pay for this service and i was like honestly yeah i would i would like to pay for the service like good on you for turning this i find like this need that we had as a need everybody has which is hey we make a bunch of good content can you chop it up package it up find the good bits and get help them you know see the light of day so that we get more exposure yeah so it’s a good idea for everyone to so that’s why you guys should do it so there’s details on mfmpod.com clips or if you just go to mfmpod.com you’ll see the details but it’s really simple just chop up our clips or chop up our videos that you see on youtube use the mfm clips on pretty much anything any social media site but honestly just use tic tac it’s the easiest one to go viral on but if you use it there we’ll find you and then we’re going to dm you based if based on if we’d like it and we’ll give you five thousand dollars very simple so sean what’s up dude long time no see i missed you i know uh dude i feel like i wrote down so many topics while you were gone and two things happen number one i kind of forgot why i was interested in half of them so i’m like i don’t even know what this note means at this point like which just shows me that this podcast is not just for the audience it’s for me to be able to just get these ideas out of my system and have this constant muscle of uh of seeing opportunity seeing ideas and if i don’t have this outlet those just kind of go nowhere and then they just sort of like that muscle starts to die uh so i felt the atrophy the second thing is out of all these topics that i’ve been saving up i’m like dude when sam comes back i got ammo i got stockpiles of ammo you know like when you came back it was like you know the prepper i was a prepper of ideas and i just had this whole like you know underground bunker full of them and then you sent me this thing about the savannah bananas and i can’t think about anything else i only want to talk about this this is the only it is the only topic i’m interested in so please introduce this and let’s talk about this i don’t want to hear about your trip i don’t hear about your family i don’t hear nothing only savannah bananas that’s a this is a topic that i i did the same thing so i took like a two week vacation you took a one week vacation while i was on vacation i saw this video and i wrote it down i was like i have to talk to sean about this the best way i can describe this thing is it’s like harlem globetrotters but for baseball and so the story behind this is basically um so there’s this guy named jesse cole and he was an amateur baseball player and he got hurt and he was like well what the heck what am i going to do now and there’s i actually don’t know which league this is but it’s a minor league baseball league it’s called i think it’s called the coastal plains league is that what it is that’s right and i i actually don’t know entirely what that is i guess is it like a minor minor league or a proper minor league i don’t know i don’t know so but anyway so it has quote professional baseball players but i don’t think they make a lot of money and he bought this team and by bought savannah georgia had a has a minor league team and it wasn’t doing so well and they’re like jesse do you just want this just like figure out how to make it work and we’ll just pay you or you could just you know pay us back when he starts making a little bit of money all right so um anyway uh so they savannah georgia they had a minor league baseball team they gave it to this guy jesse cole he bought it but it was like so little money that he like overdrafted his bank account which for by like a couple thousand dollars so he didn’t have any startup money his wife helped him do it and then the team said like you know how he’s like how many great how many people like come to uh come to the games they’re like i don’t know like 100 200 sometimes it’s picking up and he’s like oh [ ] what did i get myself into yeah and they give him this stadium and it’s completely empty and he’s like what do i do with the stadium how do i get people to come he didn’t know anything and so he goes you know what screw it we’re gonna make this one thing we’re gonna do one thing which is make baseball fun and he has like this naming ceremony and they’re like well what are you gonna name it like the savannah like you know trojans or something and he’s like no no no no everyone this is i want to introduce you guys to the savannah bananas and it’s like a hilarious uh mascot of just a banana and they’re like wait what’s going on he’s like no no so what we’re gonna do is we’re gonna have fun and so what they do basically is they have normal games in the league where they actually are like trying to win and like doing real stuff but at the league even at those games what they do is like the players will introduce themselves or like the umpire and there’s like crazy videos on tick tock the umpire when he goes down to sweep the uh batter’s box he like drops down low and they play like get low by little john and it’s just like hilarious they have male cheerleaders they do like trick plays they have like choreographed dances that the players do in between innings they have like um instead of like a like a hot like hot dance team they have like a grandmother’s dance team so all the the dancers are really old and move really slow and stuff like that and then even other things at the game so he he said he goes but i got this team and he’s just a baseball player right he’s like i use it he goes i just realized like um i don’t know anything about how i’m gonna like make this work but i just put it all on the line like they basically sold their home overdrafted their accounts and like they went all in on this and he’s like so i’ve read every walt disney book and pt barnum book for inspiration and i realize it’s not about baseball it’s about entertainment and he’s like so i’m gonna yeah like we’re not here to be the most winningest minor league baseball team we’re here to have the most fun and create the most fun environment that people are going to want to feel like they belong to and so he’s like you know what are the things i hate about a baseball game i’m going to do the exact opposite oh i hate that there’s just ads everywhere in the stadium okay i’m going to rip all those down and we’re going to put funny things up instead because i hate um that like you know just buying like a beer is like 14 you just feel like you’re getting gouged so they switch their ticket prices to be all inclusive so you buy ticket unlimited you know food and drink or whatever it is i don’t know how they do that alcohol but like that’s what he says all inclusive tickets and then they you know instead of you know a baseball’s really slow so they’re like it’s a two-hour like limit basically to these games and like there’s no like we don’t walk up to the mound and talk to the pitcher for like five minutes uh there’s no bunts there’s no and they did all these things to speed up the game and make it more fun and entertaining and then they also have like the normal game so they play in the league and coincidentally in that league you know they won the championship so they went from actually being the worst team to the most winning team ted lasso [ ] yeah so it worked but then they do this other thing called banana ball so like in between the normal games they like continue hiring the team throughout the off season and they travel from city to city and they also host this at their own league or at their own stadium and they have this thing called banana ball which means there’s no bunts no visits to the mound a two-hour limit if someone in the stands catches a foul ball the batter is still out well there’s like a video that’s like someone comes to bat they’re on stilts yeah and then throwing out the first pitch some kid comes out and throws a banana right like everything is gimmicked and their social media uh by the way they have 4 000 people that comes to every game look at the tick tocks that i posted up there did you watch them they’re hilarious i’ve been seeing these over the like the last year or so like the the pitcher does like a funny dance basically before he throws the pitch and it’s just like it’s just so likeable like this the best way i can describe it is it’s so likeable you you see it you’re like i wanna i wish i was there i wish i was having as much fun as those guys are having and um and like i love that they don’t take this too seriously and boring the way that it’s so counter to everything everything else you’ll see in sports did you see uh did you ever know any baseball bros in college like they’re always like fun-loving like sometimes like hardcore bros like cut off t-shirts and dip all the time and they’re kind of like fun to make fun of because they’re bros but they’re typically like really really nice and very fun-loving they’re the real estate guys of of college in the sense that they’re they’re successful but they’re the dumbest group of the jocks like you know i think it’s like if you meet i don’t know like i don’t know who might be dumber but maybe it’s like i don’t know like the the the wrestling team or something i don’t know no way because the reason why is with baseball like you don’t have to be in that good of shape to be awesome at it until like standing and so yeah what you get really good at is killing time because baseball’s so boring so you’re sitting in a dugout with your boys or you’re out in the field by yourself trying to amuse yourself while the ball does not come to you so that breeds a very uh self-amusing type of person which is awesome yeah it doesn’t like the bar the discipline bar isn’t exactly like really high you know like with wrestling you have to diet and like take it seriously with baseball not really as much and so this team it’s hilarious and i think it’s a good business i read somewhere it was doing like six or seven million in sales but i could actually see this becoming i don’t know if it’s never gonna be like huge huge like multi-billion but i think this would be a sick thing to own i mean it’s like it’s like it’s probably like what people thought about wcw or uh what’s the wrestling thing called wwe wwe where it was like a joke at first and they’re like i don’t know man this is pretty fun and like we’re getting into it so it’s kind of like that well i would say this is uh to use the alex hormazi thing he said on the pod which was like this is a level two opportunity but with done with like level 14 execution right like this is the best execution and kind of a pretty crappy capped opportunity as to how big something could be like he’s built like if he just did this brand if you put this level of enthusiasm and branding into like a d2c product or a media company or like a casino or like you know there were such bigger opportunities and so you know this if this person ever decided to do something else you know shut up and take my money but like for now it’s just like i’m glad that this is successful i’m glad that this exists this is very inspiring i sent this to our team and i was like this is the level this is what level 12 looks like if you want to like kick ass with like uh thinking outside the box and building an epic brand speaking of level 12 and ddc dude your interview with moyes was really good i i listened to it a couple times what does he like he’s very open that’s the best part he typically isn’t that open like and and frankly i don’t think he i almost think he was too open but like he kind of like made himself a target i think because he’s quite wealthy and he basically you asked him a question that we have to ask people all the time you just said so what do you do with your money and that’s what you said and he goes well i’ve got a 50 million just sitting in short-term bonds i’ve got 10 million in real estate and i basically sat home during the pandemic because i couldn’t travel and i went to my mom and dad’s house and just bought real estate online and he just explained all this stuff and i was like oh man that is so sick that you’re ex you’re telling people that i knew it was good because it’s supposed to be an hour and we went like an hour which is like at that point it’s not even called like going over slightly over going over time it’s like no you you just did a separate second podcast at the same time like i just kept going because i was like i really am interested in what this guy has to say no he was good what was your favorite part um mine was okay so the money part i think was definitely interesting the part that’s like i said this on the thing which is he’s like i i gave him this nickname of bare metal which is like he does business and entrepreneurship in a way that is like completely to me unnecessary but also awesome like i would not want to do it that way myself but i love how hardcore he is about like he wants to be so close to the action he just wants action and he wants to be not just have action like i like action but i like action i like to sit in the press box and watch the action from the comfort of my seat you know and then you know be able to like you know head out early before the traffic hits whereas he’s like i’m going to do this he’s like i don’t just want to buy real estate i want to buy real estate from a foreclosing auction where there’s no pictures on the website and then i want to have to take like you know those whatever those giant scissor player things are called and go snap the lock off the door and then go in and see what i got and then i’m gonna like try to flip this thing and i’m gonna take so much pride in like this being you know an extra five thousand dollars a month of like income and i’m gonna do that 42 times this year because that’s where the opportunity is i’m like holy [ ] and like i’m not gonna do a broker i’m gonna get my own broker’s license and i’m you know he he was just so like unnecessarily hardcore about it that it was awesome to me he also said he said like i did customer service until we were at 25 million dollars in sales and i had the most i answered the most customer support tickets of anyone at the company well yeah yeah he said he goes i did i was the only service person until we were at i think it was a lower number it’s like quarter million a month which is like you know whatever uh a few million dollars a year in revenue but then he says even at 25 million even now or something like that he’s like before i left i was still probably the number one agent meaning like i don’t know if you ever use the gorgeous like help desk system but like yeah everybody’s a different agent you could just see the stats on who’s closing a bunch of tickets and it’s like that to me is insane like i have a d2c business uh you know way smaller than that and i i don’t know if i’ve ever answered customers i think the first like three months i did some customer service from my phone um and then like that was it and even now like i haven’t logged into the system i have really no idea what’s going on but that’s also why he’s he him and why i’m me like one time he uh that’s why he’s successful and i’m happy one time at the beginning of the pandemic he was like hey you want to go buy some credit card debt with me and he’d like i don’t know i didn’t even like get into it without that answer was just like yeah my answer was like absolutely not i’m no why of course not and he’s like yeah but we get a 20 yield and like i already like know how to do it and i’m like dude i just don’t even want to like explore that i don’t even know anything about that and he was like all right well i’m gonna go buy this you know i forget but like millions of dollars of credit card debt and we’re gonna it was just crazy that he was saying that i’m pretty sure they own he owns like a hundred single family homes which if you talk to any a lot of people in real estate they would say like single family homes that’s just it’s not economical it’s not an interesting thing you always should do a bigger so you get bigger apartments you get economies of scale and he totally does like the most hardcore thing there is yeah and i think the way they bought those was like during the 2008 2009 like crash uh when like you know there’s the subprime you know mortgage crisis people couldn’t afford their homes basically so homes were getting foreclosed on or whatever i think what they did was they just drove into a neighborhood and they just walked like door to door and i think it was like oh this house is for sale we’ll buy this one and then the next one hey are you moving out would you sell the yeah and so they bought them all it’s almost like a multi-family complex it’s like i think they bought like 25 that were in the same neighborhood or something like that and they did it that’s like it was like their dad and then the two brothers and they just like just like walked around and bought a bunch of homes in one summer which is like you know the best family bonding that you could think of one time i was like moyes why are you like buying these single family homes and why are you selling deodorant why don’t you do software or something that’s better like in easier and he goes i’m i’m a merchant that’s all i know he goes all i know is he said he’s a merchant and i think of like my grandfather’s grandfather was a merchant i think of like a guy from like the bible who like brings jesus like murr he’s like a merchant you know and he’s like i’m a merchant this is what i do so anyway i thought that podcast was really good uh that was that was great yeah he’s amazing he’s really he’s really interesting and he doesn’t like hold back which i think is like just makes him very entertaining too right like i told him this echo your brother’s one of my best friends i think he’s you know he might be smarter and better than you at business but you’re a way better podcast guess because you’re gonna like he’s like he wants to mix it up and he wants to he says his opinions and he doesn’t see why he shouldn’t be saying his opinions and i love that because like in a world full of kind of like cowardly kind of people where it’s like fear-based uh it’s really nice to see somebody who’s not afraid to just say what they think and what they do and be like yeah you can make fun of me if you think and sure some of the things i do are stupid but like okay and did you um did you talk about luna yet uh no i don’t think so i don’t think i’ve done a podcast i was in hawaii when it happened i was like on a beach and then uh like luna crashed and i was like which is like literally zero and i was like oh man and like for a day or two i just like um like like kind of [ ] up my vacation in a way but not because i was like doing something like i didn’t even have access to my like my wallets not just like on in the cloud so like i just wasn’t home i couldn’t even sell if i wanted to i couldn’t do anything really um and then i didn’t even want to be doing something i was like i want to be enjoying this vacation you know you tell me what happened can you tell me like you had told me you’re like luna’s kind of cool and you’re you told me like six or eight weeks ago yeah actually so i did something cool too in the last few days you’ll see it come out i i i went really over the top with a piece of content i haven’t done this since i did that clubhouse thread that was extremely over the top but i was like i kind of find this entertaining and this might hit and the clubhouse one like really hit hit like i don’t know like 20 million people saw that thing i did that again with the luna stuff where i recorded i basically am creating like a um almost like a john oliver style show you know his show last week tonight or whatever where he just kind of like dismantles one topic for like 15 minutes and it’s like but it’s peppered with jokes i did that on the lunar thing so that’s going to come out last day or two but that was a very fun exercise to try to like so tell me well actually try to be funny but the story is i guess for those who don’t know okay so here’s the short ver here’s the short version of the story short version of the story is you have bitcoin gets big has this like anonymous creator and it’s supposed to do like one thing really well which is like basically this like digital gold and then you have ethereum gets really big and it’s got this guy vitalik he becomes the next cult hero first it was satoshi for bitcoin then it becomes metallic and metallic solves a major problem with bitcoin which is that he makes it programmable and ethereum takes off and ethereum’s more programmable form of money but both bitcoin and ethereum have like one major problem which is that they’re not very good as actual currencies right they’re called cryptocurrencies but you don’t use them as a day-to-day currency you don’t use them to go buy stuff and this is for like a variety of reasons right like bitcoin if you try to spend it you’ll get taxed as if you just sold a home every time you do a transaction and then the merchant doesn’t want it because they’re like oh [ ] what tomorrow this is going to go down 20 price like dude i’m not trying to invest i just need money to pay for tomorrow’s inventory like i don’t want to take this in my coffee shop and so it’s not really you those aren’t really you so basically there’s this idea of creating stable coins there’s a coin that’s always going to be worth one dollar and like this is the spoiler it’s like you know you don’t want it to not be worth one dollar which is what happened with with the tarot project but like you know it’s supposed to be worth one dollar so the way that most people did it the big ones usdc tether those are the two big ones they’re like it’s basically like um like a safety deposit box you give them a real dollar they’ll give you a digital dollar and if you ever want a real dollar back they’re like i promise it’s in the bank vault whenever you need it come back and redeem it and um and those kind of have some controversy because crypto people don’t like it because it’s like well how do i know you’re not lying like how do i know you didn’t just take all that money in the bank vault and go spend it or invest it in some risky way and that’s why people think tether did uh does and um and also they’re like dude what if the government just cracks down this one company like they could just like they have to operate in some country yeah like it’s centralized the whole it’s yeah centralized this decentralization thing isn’t real so at that point so okay so that’s the pro so the pro argument for this project that came out that’s the project’s called tarot and one of the currencies called luna so the idea was we need a decentralized stable coin we really decentralized does that mean that one person invented tara and then another person invented luna using terrorist technology no no terror is like the name of the company terraform labs it’s like a group of people who came together said we’re going to create a stable coin and then the stable coin one of them like it’s called ust so you think about it like the us dollar version of tara ust and so that was their stable coin that’s the thing that’s always supposed to be one dollar luna is the tote like luna’s the thing that backs it okay so remember i said like the in the other version what backs the digital dollar it’s a real dollar in a bank account and the way that the us dollar used to work was what backs the us dollar gold and fort knox right and that was before we got off the gold standard but the idea is like what gives this currency any value is this like backing currency and so they were backing it with luna and luna was meant to be this like it’s like two they basically created two coins the stable coin and then luna which goes which can actually go up and down in price as a stabilizing mechanism for the stable one so whatever these are some details they’re not super important to the to what actually happened so but it was one guy right because i saw like the founder but like there’s a team right there it’s a company okay so it’s like a startup right mark zuckerberg that’s this guy doe quan got it so dokwan who’s do quan he’s a pretty interesting character right because he basically it’s like stanford computer science uh graduates he starts working on some like mesh networking internet thing like that was his first startup and then he’s like oh no crypto is like the future i’m gonna create the stablecoin project so they come out with this idea and there’s basically some people are skeptical because they’ve seen this uh decentralized stablecoin this this uncollateralized decentralized algorithmic a bunch of buzzwords but that’s how you describe it stable coin failed before there was a project like this called basis cash maybe five years ago and basis basically raised like i don’t know 80 million dollars or something like that from like tier like i don’t know andrews and horowitz and a bunch of other vcs but they didn’t even launch they were like they were like oh like that we don’t know if this algorithmic thing will will hold so they kind of returned 85 of the money as like a failed project so that was like the last big version of this that had come out and then terror comes out and so tara the the difference was they were like look this works as long as there’s demand for the stable coin and so they’re like where’s the demand come from and at first this i guess i said it was a short versus actually the long version story but at first he came out with us with this idea that was like look we’ll use it for e-commerce because in e-commerce every time there’s a transaction you know there’s like a three percent credit card fee basically we can do it at one percent if we use crypto and so it’s like for a merchant that’s like you know that’s real money that you get to save if somebody uses this this at this option and what they did was they’re like yo we’ll pass the savings to the customer and to the merchant 50 50. and then they like went and talked to all these ecommerce companies in korea where they’re from and they got like 27 large e-commerce companies including the second biggest one in in korea to use them so like imagine like the the like not amazon but like let’s say ebay yeah they got ebay to use it so everyone’s like pretty hyped they’re like oh [ ] this is crypto with a real world real world use case finally like real world use case this is hyped on it i was hyped on it and this guy because he was on stage he’s like look crypto’s full of a bunch of projects that have no real world use cases and very low user bases we have like a real problem that we’re solving and we’re gonna and we have real users we have two million people using our payments app to do this in korea and i was like wow awesome i buy it and then things started to get a little much invested can you explain yourself i started i started with 25k and then i had an opportunity to put in another 200k as part of like a bunch of vcs were buying uh luna like they invested in the company and they were they got to buy luna at basically like a 40 discount to the market rate so at the time was trading at like almost 100 we got to buy in at about just under 40. uh but it was like locked up like it was going to be released over the number of years so you did that i did that so i was like oh dude i like this project anyways if i get to buy it 50 under market like hell yeah sign me up and also like these are all like tier one like crypto investors like these they raised a billion dollars right from it from from investors so it wasn’t like some random project it was like oh well these guys are smart they’re doing it all right like that’s that validates my my belief okay i’m gonna go ahead and and do this and for a while it looked like a genius move because luna was trading at i don’t know it hit like 116 it was like one of the best performers last year basically how much were you up by in about a year and a half luna went from under a dollar to 116 dollars it did like 100 x in one year i was in at like the kind of like the 30 35 price point overall of 30 or 30. no no my my price point my actual price point was like 35 dollars blended so then you were you went i was up through like 750. yeah exactly my 250 was like 750 grand i was like oh great yeah it’s doing well and like this was just the start it was like it was growing really fast like not just the price but like the number of people buying the stablecoin was going up like it went like i think the the stablecoin had like 18 billion dollars of tvl or something like that so it had gotten pretty big but they had i i kind of noticed i was like wait they don’t talk about the e-commerce thing ever anymore and that’s because kind of like didn’t work like they basically it was like working slowly i think like uh merchants like kind of cared but not enough consumers didn’t really change their behavior so it wasn’t like a sexy growth story i don’t think it was working they just stopped talking about it and they started talking about like so what they did was they were like all right now instead we’ll serve the crypto community itself with a savings rate so a savings account so basically there was a savings account on on the network that was like if you deposit your stable coin here you get paid 20 interest on your stable stable coin which is like kind of amazing right because like if i take my dollars i go to bank of america i get yeah but that sounds like some ponzi scheme [ ] it sounds like it right but it’s not i’ll tell you why so it was like bank of america gives you 0.02 this is giving you 20 and so a lot of critics said exactly you said which is oh this is a ponzi and i will argue it is not a ponzi it was even better than a ponzi yes like what’s one up from a ponzi okay so a ponzi [ ] stealing basically so ponzi is customer a gives you money you use that money to pay out customer b then customer b gives you money because they have faith in it you use that money you pay out c and d so you’re taking one customer’s money you’re paying out the other this was even better they just created a currency out of thin air printed like a billion of it then and then they just gave it away right like and like the market believes they have value so have you seen on uh what’s that where they have patty just paddy’s dollars on yeah paddy’s bucks and all of a sudden paddy’s bucks it’s always sunny yeah that’s exactly what happened they just created their own currency and just collected the dollars in a way that’s what all currencies are right the us doll every country does this they create their own currency and you if you believe is valuable then it becomes valuable if you if you cease believing it’s valuable then it devalues and we see this in different countries and that’s what happened here for a while people believed it was valuable and they kept investing in it um and two things happened one was everybody knew that this 20 savings rates not sustainable because what they were okay the the reality the joke that was my joke version of description the reality was when they raised the billion dollars from investors they basically were like look this savings rate is really good customer acquisitions it’s a marketing budget just like uber subsidizes your rides like why was an uber ride back when we all started using uber like 12 when a taxi would have been 28 it’s like because vcs were basically giving money and they were losing money on the rides and that’s what that’s what era was doing they were losing money on this savings rate but they were getting a whole bunch of new customers so like they got like four million people almost to create wallets on the network so it was like they were buying user acquisition now you could argue that was either dumb or not done but it was definitely unsustainable and everybody kind of anybody smart knew that that’s unsustainable but it’s like hey look i get rewarded for being early here i’m gonna get this subsidized earnings savings rate and that’ll go away as this gets more popular but like cool that’s my benefit for being early that’s how almost every crypto project works and um it’s almost how many many startups work as well investors subsidize the usage of your free product until it’s big enough where they’ll start to charge or raise prices and then to get to the kind of like get to the crash i care i care about your take on like what happened to you but to get to the crash what happened to get to the crash okay so all along the way people are like hey uh algorithm is stable coins they only work when demand keeps going up once demand starts to fall this thing will free fall so yeah you have demand right now that’s why everything looks good but once this starts to fall it’ll create a death spiral meaning once people stop wanting usc luna’s price will go down people will start once luna’s price goes starts going down people start selling luna and uh basically it was this like interplay between if if ust either started to dpeg meaning instead of being worth a dollar it was worth 95 cents people will not want it they’ll lose confidence in the in the stable coin and then as they lose confidence they’ll they’ll sell which will create more supply of luna which will cause the price of luna to go down and then that will cause even less confidence in the whole project and it’ll just death spiral this is the belief and all along this guy dokwan who started off like you know seeming like this smart kind of want to change the world kind of guy he’d become like kind of an egomaniac and it was part of his persona like he was like a donald trump or elon musk style guy where if you were if you disagreed with him he didn’t just say you know like i agree let’s agree to disagree like he was like i will [ ] on you i will call you stupid and poor and like i will make fun of you is that literally what he said yeah he would call everybody stupid poor and he would basically oh my god say you’re all they’re all fudsters just spreading fud which is fear uncertainty and doubt you know and look they’ve been wrong all all the way so far they’re going to keep being wrong and this is exactly what elon did about people who were shorting his stock he was like oh it’s going to be the short burn of the century you guys are gonna look so stupid and uh and and you know people are betting against them people betting for them so anyways yeah but this guy forgot like the thing to make this work is you have to be right exactly and he was right for a while until and and by the way it’s really funny there’s one twitter account that wasn’t just saying hey this ain’t gonna work he’s like specifically laid out a like 15-step plan of like hey look i did the math if somebody was motivated and had a billion dollars they could destroy tara which is currently worth 40 billion so they could if you put up if you had a billion dollars of cell pressure i think you could crack the whole tara project uh it would have to be like a smart focused person who would have to time it right so and that’s ex and basically he he retweeted that was like this is like famous last words so he goes man this is the most r word uh thing i’ve ever read on twitter well billionaires if you wait he said [ ] yeah uh really yeah what a dumb idiot why would he do that would you call him a dumb idiot well like but like why would you kind of a dumb idiot would do such name-calling how can you how can you speak like that when you’re like this like uh like a ceo of like donald trump called mexicans rapists and stuff dude this is like crazy like people are crazy they do crazy [ ] and then they’re basically their fans in his case we’re called lunatics we’re like yeah and then like they thought that was cool well i don’t know if they thought that specific wording was cool but in general his character i mean he renamed himself stable quan he became a billionaire he like got a million twitter followers because he became a cult of personality similarly what an idiot though so anyways he tweets and he’s really an idiot because he go he said this is the most word thing i’ve read on on twitter all week and he goes billionaires who follow me go like um please go ahead and try this um and like sure enough like two weeks later or a week later it’s like and try it they did so basically somebody or some group it’s not confirmed who it is uh it’s not confirmed also that there’s a coordinate attack but it does seem like it people started uh somebody started dumping like a billion dollars worth of the stable coin which caused the peg to go down right when you have that much cell pressure it won’t stay worth a dollar it still slipped to 92 cents and then it’s and then on on top of that they were also dumping bitcoin which was the reserve collateral that these guys are holding so bitcoin’s price starts to go down ust starts to break peg people start to panic a little bit and they also started withdrawing from so they did three things they took it out of anchor the savings protocol so you saw a billion dollars worth of whatever like withdrawals then you saw them sell it then you saw bitcoin price tanking and all of a sudden people started getting a little worried about oh [ ] is something bad happening to tara let me just go ahead and sell so more people start to sell and so you see like three four five billion dollars of sales happening in a very short period of time and this also coincidentally or very planned happened right when they were doing like a kind of like imagine you’re like oh i’m just i’m moving houses right now i was like oh man the doors are open huh because you’re the moving trucks outside so the doors are open that’s basically what happened they were moving all the liquidity from the liquidity pool from one to another and so there wasn’t much there was less shock absorbers than than you would expect when they started to sell it went from 100 over 100 to what what’s it at now less than a penny like fractions of what yeah okay so how much value was wiped out 40 something billion dollars 48 billion that is crazy that is the stable coin went from selling so that’s luna tara the stable coin the ust was selling at you know it’s a dollar supposed to always be a dollar it goes 92 cents 85 cents so i’m i’m on the beach in hawaii and i’m just getting texts from ben yo tara’s depending um and it’s like and then it goes down to 70 cents then it shoots back up to 90 giving false hope for a second and then it plunges to 65 60 50 and i think it’s currently trading i don’t know 15 cents to the dollar so you’re you’re you’re out 250 i’m at two yeah 225 something like that how does that feel uh i mean it feels shitty of course right like you know lose what did your wife say when you’re sitting home she doesn’t really care to know nor does she like want to know the details i told her i decided well from all of crypto i was like we lost several million million dollars in the last like three months because crypto’s just been selling off like crazy and she’s like okay so like i shouldn’t buy this bag or i should i was like i think it’s a shouldn’t right now let’s go ahead and hold off on that i was like that’s the level of conversation we’ve had uh about the whole thing like she’s not she’s she stresses about micro stuff like if we have like a late fee or a parking ticket she’ll freak out but on the big thing she’s like very chill she’s like but how do you feel about that now now that you’ve lost you said let’s just say three million dollars like i guess a couple feelings the first was i’m not surprised like we went in pretty eyes wide open which was this is a risk-reward type bet and you don’t just say that you have to like actually know what is the risk and the risk was always nobody’s ever made algorithm stable coin work and by the way so one spoiler uh this guy doe quan turns out he was also the anonymous co-founder of basis that got leaked as well so it’s like dude you know fool us all once you know shame on you fullest twice what the hell is wrong with you that’s my take on it did he did he tweet out like i’m i’m sorry i’m a dick or like he’s like look we didn’t mean for this to happen obviously like i have no because some people are like dude did you did you benefit from this in some way like because that happens at crypto people like raise much money do much stuff and then like run away with the money his claim is no we didn’t like we lost more than anyone on this whole thing i feel really bad that this happened and he’s kind of just like you know tail between his legs a little bit and he’s sulking and he’s quieter he’s much quieter now while everybody’s like dancing on his grave deservedly so because he was cocky as hell right so like that’s what’s going on with him with me it’s sort of like all right lost this money that’s not good obviously but like you know doesn’t feel good it’s sort of jarring like i’ve had startup investments go south but it kind of happens over a longer period of time this is like you wake up on tuesday and like one of your best performing investments has gone to zero in 24 hours it’s quite jarring to watch the price drop like a knife um and be pretty helpless like there’s nothing you could really do about it partially because my lunar tokens were locked up and partially because i was away from my computer uh you know so you know whatever but you’re you’re not i would like i mean i would lose sleep over that i would be like almost almost not not quite scarred but like a little bit like it would almost be a it would be close to where i would describe it as traumatic yeah it’s not that um for me and again i think it’s because i mean i write down whenever i do an investment here’s my here’s why i think this is a good investment and here’s what could go wrong and the one could go wrong was exactly this which is like people think that there could be if if there was a bank run that this would death spiral i see no reason that this wouldn’t despise if there’s a bank run i don’t know what would cause a bank run but it’s possible and it’s like oh what would cause a bank run was like either a motivated player created panic at a time when the project was vulnerable because all the all markets stock markets crypto markets are all down and they were moving the liquidity right so it’s like well the risk kind of played out like that’s okay like it’s like you know it’s like i’ve had pocket aces get cracked before and i i wouldn’t even call luna pocket aces it’s like i had a flush draw that got beat okay you know i like to use poker terms like i got a flashlight i got beat like that’s what happens even if i was a even if i had a 60 chance of winning okay i got my money in good but like it wasn’t my life savings now there’s a lot of people who lost a lot more money on this because they put in a lot of money so to me there’s also like a post-mortem of like okay there’s some rules like you you don’t put more than you know 15 in any one project because all of them have these like black swan risks and so you never want to be that vulnerable to any one thing is the majority of your net worth in crypto right now uh it was not until like everything cut not not including private like not including private businesses no of the liquid stuff no it’s a little less than half now it’s a little more than half before so you know but like the stock market also hasn’t done great i don’t know i haven’t really done it i’ve lost so much i don’t log into my thing anymore i i’m just i don’t even look at it yeah for my i’m not gonna do it i’m not gonna go trade right now so you know for mental health purposes i don’t go calculate my net worth when it’s when it’s so far down you know there is a good forcing function i’m like all right great let me make sure i’m earning money uh working hard right like it’s very easy when when like over the last year year and a half let’s say since the kind of covid uh you know money printing system i mean the whole 10 years has been a bull run or whatever but like the last year and a half like [ ] just inflated like crazy so it was like oh man do i even need to work like i just look up every day and i made a whole year’s salary in a day like you know it’s kind of demotivating to work and then this is highly motivating to work when you start losing a year’s salary per day you know like that starts to uh you know like add up and so yeah i don’t know like that’s i guess my full reaction to it me too that’s exactly mine as well it’s like you just just make more money yeah yeah exactly this data is wrong every freaking time have you heard of hubspot hubspot is a crm platform where everything is fully integrated well i can see the clients whole history calls support tickets emails and here’s a test from three days ago i totally missed hubspot grow better uh all right well let me just look let me switch topics a little bit i want to tell you something that’s kind of uh i think hilarious dude have you seen the liver king uh yeah the guy on instagram yeah i was doing something he’s describing he said he’s super jacked and he eats like this is not the same raw food guy right but he does eat like no a different one he’s more than jacked he looks like the hulk like yeah he’s like comically jacked yeah like it’s like a funny like it looks like if you popped him with a pin he would blow up like a balloon like like you know what i mean like he looks swollen and uh uh he basically like his whole like shtick and i like research him a little bit is um we aren’t men anymore we’re soy boys and like the best way to overcome that is to get as jacked as possible and live like a like a manly man right and so he’s got like he’s i think he lives in texas and he’s got two kids and he like the whole family sleeps on like they don’t use beds they like you basically like sleep on these like wood crates the floor basically they sleep on the floor because it’s like it’s kind of like where cavemen okay and i think he says that he eats like a pound a day of raw liver and there was a this is crazy [ ] the guy’s crazy and he also says he doesn’t do steroids which is like i i i went and tweeted about it and a lot of like people message me who i know who know him they’re like obviously that’s not true he definitely is on steroids and if you look at him you could just look at him be like you definitely are doing something anyway in a gq article he said that he was selling a hundred million dollars bunch of research and i think it’s true i think it’s 100 true i think that’s how much he’s selling in in these amazon uh supplements and he has his own store and he’s associated with like three or four other different stores so he owns or uh co-owns this thing called heart and soil dot co which is all about like doing just only eating meat and fruit he owns this other thing called the fittest dot com which basically if you click at it’s like hardcore propaganda i mean not necessarily negative but like what’s interesting propaganda and like a mission statement and a brand but it says we were once the fittest version of ourselves descendants of the sole survivor species of the genius homo and he explains like you know like why we need to go back to things the product is called like honor this product has fundamentally supports for everyone and it it’s like bone marrow and liver and then there’s another one called fuel and then another one called ignite i mean just look at this picture look at this picture of this guy at the bottom he’s just like this super swoll guy who you know those like chain links that are really really heavy that they used to like pull tires and stuff he’s just got those around his neck and he’s like grunting as he lifts the chain links with his neck right like it’s crazy i can’t even make fun of it because it’s the most make it’s it made fun of itself the most already yeah it’s like a caricature of like what this lifestyle is about which i’m not like entirely against this lifestyle i just think it’s hilarious is your lifestyle by the way what are you talking about no but this guy is kind of i think he’s an idiot because he because i mean he’s clearly doing something right and i understand he’s like going extreme to sell more stuff which i’m not against but he’s 100 on gear and he’s saying that he’s not so i think it’s kind of that’s kind of like this whole premise is based on kind of a lie uh but anyway he also i even found out someone at the agency that he hired so he hired an agency to get big on social media and he got to like 2 million followers in like 24 months like a very short amount of time and so anyway i thought this guy was interesting and i hadn’t i wasn’t sure if you had known about him very intriguing how many followers does he have on instagram does it say 1.5 million what do you think of his supplement sites does that look do those numbers see real you’re saying that the um you’re saying that the amazon no i’m saying all his empire does 100 million selling supplements on different platforms yeah it doesn’t look like these are all his like he doesn’t own all these maybe he’s like an affiliate of some of these or something like in his twitter bio for example he just has his like ebook he doesn’t even have like a site and then this heart and soil one like who are these guys uh our store he owns uh a percentage of that he owns a large percentage of that company as well isn’t this crazy yeah so paul saladino md is the main guy this is the carnivore diet guy yeah yeah the carnivore md it’s all these guys yeah that thing sounds like crazy yeah and and if you i dig some more research this liver king is in all the guy all that guy’s photos and in his like on his about page and things like this um heart and soil is a good it’s a good brand they do a good job um i’m i’m gonna steal some of these ideas from my d2c brand they do some nice so this company it’s called heart and soil and it’s run by this guy named the carnivore md and he’s popular on twitter and he’s like a doctor who says like basically he only eats meat and fruit and i joined one of his facebook groups because i actually did the all meat thing for like 30 days i wanted to try and he’s got like a 30 day challenge it was pretty fun and in the group i would post things like uh you know like is there any like what’s a good book or like a seems like a good research that actually goes against this thing that shows that like all meat is actually not great and that you should eat you should be vegetarian yeah and they literally read good questions the premise yes they destroyed me and they were like they just ripped me off you [Laughter] they just ripped me apart and i was like uh okay so anyway this there is a little i’ve never been called the n word before but then i went to the carnivore group and i asked if meat’s good for you dude they did not like me they didn’t they they were upset at me so anyway i thought that it was kind of interesting it is a little bit of a cult but uh well okay this is like that this whole episode i think the the thread here is sort of like these extreme like these cult cult leaders um so the banana savannah banana guy he’s basically creating like a cult right he’s creating a brand with rituals and like members and like a whole thing thinks outside the box um the dokuan from tara luna and the lunatics they you know that was definitely a cult that oh that was their name the lunatics that’s what like you know like you know like i like laser eyes for bitcoin luna luna that’s a great brand yeah exactly lunatics yeah it was really good again the party was great tell it all okay until the cops showed up and uh and took everybody’s money so you know that that was great um but you know my personal experience with you have this liver king guy i think he’s one can i bring up one more and we’ll just make this definitely i i i bet you i know who you’re gonna say martin shkreli i am on board a little bit wait i’m i’m part of that cult we’re all we’re all just what are scrawling addicts or something i don’t know what we were going to call ourselves but i think we should they should we should call ourselves the creeps yeah we’re all creeps martin shkreli and the creeps he uh okay so i have kind of a backstory with this guy but just in general explain the explain the famous backstory okay so martin shkreli if you just google most hated man in america i think he comes up as number one at least he did at the time when i first heard about him he is known for or he’s known and hated for uh being a kind of a price gouger with a drug so what he did was he owned a pharmaceutical company that focused on like small like less popular drugs that were like niche and he would and he bought them so he bought this bug this drug called daraprim and he increased the price from like thirteen dollars to like 500 something dollars i don’t know what it was but the percent was like he increased it by five thousand percent and so people and then immediately the news picked this up was like oh man and they started calling him the pharma bro first he did this they were like how dare you but instead of apologizing and walking it back he was like [ ] yeah i did i own this i could charge what i want you know like and and like this is america that’s the price of this drug and uh yeah i double down he doubled down and he loves attention and he’s amazing at getting attention a lot of the attention is hate but he’s amazing at getting it but and he was only 33 34 when he did this and this was basically he controlled two pharmaceutical companies that were each public at north of a billion in market cap i think i don’t know i don’t know i can’t i can’t confirm those that might that might be right but he also had a hedge fund before that where he invested in biotech stocks yeah just like he had done big things and he was he’s a very smart guy now people think he’s a crook so some people said he was a crook because he raised the price of the drug that’s not a crime that’s just something you don’t like then he actually got indicted and went to jail for doing something that was uh legal which i think was like he basically paid investors from one company with like the stock of his other company and then like didn’t wasn’t clear or something like that i don’t know exactly what he went to jail for because there’s any way for two he went back to jail or his like like he didn’t get released early or something like that for threatening hillary clinton he didn’t really threaten her but he like made like a like a stupid joke on twitter yeah uh yeah anyway so he he just got out last week that’s kind of the funny part of this so he gets out and uh it’s like you know i don’t know who’s like a famous person that like everybody wanted to be freed it’s like a free young thug or whoever like martha stewart yeah free martha like whatever there was a group of people that were excited about his his arrival i was excited too because i enjoy reality tv i enjoy you know the drama he’s like our version of kim he’s he’s our kim k he’s that’s exactly what he is exactly so i wanted to see a plow and so he comes back and i just started thinking about shkreli in general so i have a couple ways we can go we can go of things i find very interesting slash borderline admire about the way he does things and then there’s what he has been up to in prison and what’s interesting there where do you want to go i have both i like both of those so what has he been up up to in prison and the back story you you actually need to mention this the back story was he was an early user of your product blab and i spoke to him a couple times on blab and when the hustle first launched we were in our first office so this was in the first six months we um one of our reporters was this young woman named brina who was you know like a pretty uh like a good-looking woman and he she dm’d him for a story and he was like hey do you just want to like fly up here and we could like hang out and like he was like asking her out and uh so i had i have a little interaction with them as well so we yeah we had a app called blab that was basically if you’ve seen clubhouse it was clubhouse before clubhouse and it had video on it um so it wasn’t just audio and uh it got sort of popular except you know we tried using it we tried getting podcasters to use it we we got some kind of like marketers to use it for their kind of like promoting their stuff when we started getting some bigger brands the nba started using it ufc started using it oracle but none of them could hold a candle to our number one power user martin shkreli martin shkreli came on the app and basically broke the app from day one first time he came on instantly the room filled up to like 5 000 people and it was more people that we had ever had in one room before that hit our max limit we were like who is this guy that’s when i first googled and found he’s the most hated man in america and um he was famous enough to draw a ton of people in but he was not famous enough to have other [ ] to do which was the perfect sweet spot which as i said he is the most lethal weapon in social media uh he has since been surpassed by donald trump and elon musk as the most lethal weapon in social media but before that it was martin shkreli and the reason i say that is creates a ton of content so he would go on blab every day from about 5 p.m till 2 in the morning he would be on that whole time um and he was the master at creating nightly entertainment like you know jimmy fallon jay leno you guys can’t touch this guy in terms of nightly entertainment because he has no producers no script no nothing he would hop on and somehow or another he would cause enough ruckus that this room would have thousands of people in it all night long watching it they were hooked to it and we would see this in our data like people wanted us to kick him off because again he’s a bad guy for raising the price of this drug and like he said this thing that wasn’t cool but this guy was driving in hundreds of thousands of new users to us every single month and so i was like i’m not trying to kick this guy off like this guy’s like you know he’s where the action’s at um this was a 2017-2018 canceled culture wasn’t a thing yet yeah and i was like dude i’m a startup i’m gonna do what it takes to get off the ground like yeah bitcoin used the silk road to like get off the ground and like you know youtube started as a dating site and facebook you know before this he did face mash comparing like which girl’s hotter like okay not everything starts with like the most like clean cut you know i think airbnb started by like faking and scraping you know craigslist sites and you know emailing them as fake people saying i’d love to book your thing can you just list on airbnb like dude people do what they have to do to get your project started started and so we had shkreli and i used to watch at first what i noticed was everybody who came in came in to throw stones at this evil man who raised the price of this drug but he did not sit there and apologize or whimper he like fought back and he would give his side of the argument he would invite you up for a debate and that’s when you saw how how strongly held opinions could be with no logical backing with no real rationale behind it the argument was so hollow and this was not just like average people uh people who were like very successful business people come on trying to like kind of um stand on their head you know be on their high horse uh you know telling him what he should do and then he would like dismantle their argument journalists from cnn and other places would come on he would dismantle them um and he’s doing a combination of like a making fun of them b hitting on them and c breaking down their logical arguments all at the same time i’ve never seen anything like it and i just thought wow this guy is very entertaining i don’t agree with everything he’s saying but i think he’s very entertaining and the data doesn’t lie he is very entertaining he he’s and later on later on in some of the blabs he would have like these like cute women in the background and they like clearly i just met him on blab and he was just like hey i’ll fly you out you want to hang out this is what started happening everybody started off hating him so after about three weeks he developed an army of believers of people who were there’s a guy who became creeps yeah the creeps and so this guy came on his name was young shkreli and he and when martin was tired or had to go eat young shrilly would go hold court and he would just be like an extreme knockoff version of martin and he would just hold court defending him until martin came back to defend himself and then all these women started joining and they loved him and they would just hang out there all the time and they were like when they were not like cam girls or model they were like actual models fashion models cam girls only fans people whoever and they would get on and they would just be like you know martin just like i don’t know i would date you and they would just get on and they were so the room was always filled with like his posse and it was like you go to like you know where a mob lord is that and he’s got his goons and he had his goons dude and his army was just growing by within a couple months the number of people who loved him outweighed the number of people who hated him and it was like the most surprising thing it was like watching a cult form in real time it was fascinating and i remember the cnn journalist came on and she was like martin i you know i know everybody kind of you know attacks you but i don’t want to attack you i just want to ask you some questions he’s like well you’re on my show let’s go she’s like no no i want you to come on cnn he’s like this is better than cnn he’s like you’re on my show you have questions let’s go these are my terms you can ask any question you want no holds barred right here right now and if you’re not prepared come back and prepare but you could do it right here on my show and she’s like i’m not gonna do that martin i can only do it there he’s like and he’s like he’s like all right fine come with me to my fundraiser gala tonight i’ll fly you out he bought it goes a screen share he buys her a plane ticket and like he’s like what’s your email address i’m sending this to you and she’s like i’m not going on a date with you martin and he’s like who said it to date uh he’s like you know he’s just playing people perfectly didn’t didn’t they didn’t she end up quitting one of the one of the women who hollered at him from washington post ended up quitting the job and so this is part of what’s remarkable when he goes to jail this woman from washbow or someplace is assigned to cover him or cover the story falls in love with him breaks up like she has a family she has a husband kids leaves them for martin falls in love with martin while he’s in prison and then martin breaks her heart and she’s heartbroken now and like you know whatever she gave it all up she gave up her career and her family for martin and fell in love with him this guy’s got some cult leader [ ] to him so anyways he did some crazy stuff when he was on blab like he would he was so loyal to his army that he’d be like i’m i got a date tonight but don’t worry i’m leaving blab on so he would leave it on in the other room and you could eavesdrop and overhear his date which is again oh my god prime time entertainment is it wrong yeah is it entertaining yeah it is and so this guy was phenomenal anyway so i found this guy interesting he would also do things so like from a marketing perspective i was observing how is this guy staying relevant like that drug [ ] was years ago like what how is he staying relevant he would just do stuff so like wu-tang clan had an album that they were selling like a one-of-one for their biggest fans he bought it for two million dollars so now this guy that they didn’t want so they even got a feud with him he had this thing and then on blab he would play like snippets like 10 seconds of the album and no one’s ever heard it before besides him but he would just like tease it dangle it um like the original nft when um there was like some building for sale in times square he tried to buy it for 10 million dollars to like erect a statue of himself in times square and again it gets covered so he was just newsjacking constantly he was just hijacking the dudes and putting his own money did he have money when he got arrested or like because i think he was actually like he they he showed a brokerage account that had like 70 million dollars in it yeah i think he had like somewhere between 50 and 75 million dollars if i remember at the time but then he like had to declare bankruptcy yeah and i think at one point ironically his attorney that was defending him raised his price by five thousand percent and started charging him sixty thousand dollars per hour and like i don’t know if this is real or not but martin came out the news was like this is outrageous and like people are like dude the irony you know pot calling the kettle black i was like of course this is just another article he wanted written about him and like he’s just a master of getting attention he did so many things like this i can’t even count the number of things he did like this i was like wow this guy just knows how to stay in the cycle and i constantly like reinvent himself because then he would like just when he pushes you away he’d lure you back in so like for example on saturday friday nights he would hold like you know his nightly blab thing where he’s at thousands of people and it’s like a roast session and he’s saying outlandish [ ] and like you just feel yucky for being in there and then saturday morning he would wake up at eight in the morning and he would do a live finance like session where he would teach you how to analyze stocks and it was great phenomenal and i watched a bunch of them they’re still on youtube you can go watch them he is so he’s very smart and he was so thoughtful and patient as a teacher he’s a he’s a fantastic teacher and so anyway so that’s like the backstory so anyways he gets out and he said they’re like how’s prison right he immediately he gets out he immediately jumps on on twitter spaces oh by the way actually that’s another funny story when he had to go speak in front of congress or yeah congress i guess he had to go testify um he goes there and he just with a smug look kept saying like i i will take the fifth amendment you know i choose to elect my my fifth amendment well rights to not speak he just said that on loop for an hour but he was smiling he was smugly smiling and just pissing them off and he was drawing the whole time and then he gets as soon as he left the record he jumped on blab from his phone on the train all right who wants to see my drawings he shows his drawings of like dicks and stuff like that that he was drawing on his piece of paper and he’s live the the hearing was still going on and he embedded it in one screen and he was just talking mad [ ] about the congress people in the other screen at the same time again it was just like high level social media usage so anyways he got on twitter spaces and they’re like how was prison he goes oh it was awesome he’s like he’s talking about the prison system and like how unjust it is and how you know he’s like you know 95 of the people that were in there um you know had like traumatic childhood issues with parents and stuff like that he’s like i hustled out like other people’s lockers you know where i so i could store more books and he’s like he basically was like so what was his like summary stuff so first he’s been blogging have you read his blog from prison no but what did he say about prison he was he i mean i bet you he was actually well respected there yeah he’s like everyone’s like tell me some stories yeah exactly um and so he yeah he was kind of like you know had his his crew there or whatever he said he created um a crypto study group um so he what did he say he goes um he goes when everybody else was working out in prison i would read because brain gains are all that matters not muscle gains because he’s like oh my god he’s like i created a group called crypto thugs in prison and it was just me teaching crypto to um to the rest of my like my fellow like inmates and he had a bunch of like interesting stuff so he had a bunch of predictions about crypto that were in there a bunch of he read he basically spent his whole time studying about crypto and artificial intelligence um and like biohacking and stuff like that so he’s got this blog post with a [ ] ton of predictions about the future um i’ll i’ll read you a couple of his i’m on his blog it’s just it’s martinskewelly.com right uh yeah i think so um let me read you some predictions on here so 2025 so about three years from now self-driving cars are the successor to mobile computing they trend upwards people spend eight hours a day in your car um tesla nears 10 trillion market cap musk becomes the first trillionaire 2026 an ai generated maybe for song gets created with zero human editing and direct participation and charts on billboard uh 2013 or 2030. um virtual reality slash metaverse is ubiquitous widely used all you needed was a comfortable ergonomic optical interface that’s what was the limiting item i think he’s uh wrong on that one 2030 vehicles uh self-driving cars reached majority penetration in the u.s car accidents dropped by more than 50 percent and he just keeps going he goes out to like 2050 he’s making predictions as to things like you know 2050 lifespan for a newborn is now 100 to 125. 90 of non-surgical medicine is automated blah blah blah like most contract law is automated on as automated on chain and so he keeps going now right or wrong you could disagree with all these but he’s just a very interesting thinker a very interesting guy you follow right and he does these book reviews that are like very hilarious where he’s like this book three out of five uh you know first three fourths giant waste of time last fourth interesting about this topic it’s like oh good like you saved me much time reading that book like i kind of trust your opinion on these things um and so i don’t know his blog is worth a read we uh i i tweeted out asked to get him on the pod but i had no twitter handle to tag i didn’t know who he was or you know which it was kind of hidden we maybe found the right one um yeah but we uh we should get him on i feel like we’re big enough that we can get him and he’s an interesting guy enough he’s a he’s um i don’t like giving our audience like our platform to people who i think are full of [ ] like for example jordan belfort i wouldn’t want i wouldn’t want him on dude i would would yeah it’s the same remember people were like oh i can’t believe you guys had tai lopez on it’s like well well dude there’s a scale would i want to talk to this person that’s the test if i would want to talk to this person that means they’re interesting just because you’re on the podcast doesn’t mean we say this person is awesome and legit i agree but i don’t want to endorse certain things and maybe like well how are we endorsing yeah i don’t know but this is like you don’t wrestle with this at all no i actually find that stupid they people do this to joe rogan others as well jack why would you give him the platform to say his like stupid stuff it’s like dude i’m gonna i’m gonna have a conversation with him or the he or she and because they’re interesting to me i’m gonna find out maybe they’re you know i’m gonna find out what they have to say if they say something silly or stupid i’m gonna try to push back and give my point of view and the listeners should be smart enough to come to their own opinion about things and in fact you know the right way to like the right way to make somebody the right way to like counteract like speech you disagree with is not to suppress it but to like enable enable bring it to light right like put the sun is the best disinfectant type of thing like bring it to light and then let people make an informed decision off of what they heard you know well i i i i i would really forcing at all just to have someone on the podcast i’m on board with that i and admittedly i’m wrestling with how i my opinion on it like do you think they should give a bad wolf of wall street because jordan belfort is a bad guy like no he’ll know no but i don’t want to and they glorified it dude they put leo dicaprio i actually don’t i i like by myself watching that movie i’m like you know i don’t want to watch this this guy was a piece of [ ] he’s robbed a quarter of a billion dollars from people and yeah i’m watching this movie and i’m like oh i want to be like so i like find myself not wanting to watch it but what i was saying was martin shkreli is the type of guy who i actually don’t agree with probably a bunch of the stuff that he’s done but i’m not convinced that he’s like an evil guy i’m i think that he’s just a weirdo like when he was smiling at congress i was like oh i i actually think you’re just weird and you just don’t know how to interact with people i don’t i don’t i i i you know what i mean he knew what he was doing he’s a troll i think he’s a troll but i don’t i think it comes from a place if he’s just really awkward not necessarily of like he’s a horrible guy yeah i don’t know horrible guy people come up with their own conclusion you know i’ve seen a lot of people say he’s a horrible guy you say why oh because he raised the price of the drug why is that bad because then people can’t afford it well you actually know that insurance pays for 98 of it and then he gave away the other two percent if you couldn’t afford it through insurance he just gave it to you yeah but then insurance costs go up cool well then you should have a problem with like these 15 other things like you know also if these drugs are not like valuable then there’s no research for these niche diseases so that’s why a lot of these diseases just don’t have any r d budget because there’s no value in them so which is proof that his biggest crime is having a punchable face exactly exactly you know what i mean like and that’s a real thing and uh he was very dislikeable he’s dislikeable because he trolls and he’s rude to people and he makes fun of things and he like yeah okay cool but that’s not a crime you know but i would love to i would love to have him and him on and talk to him because he’s the type of guy i don’t think he’s a liar shrill we want to do an episode this is our open invitation i hope this gets back to you i’m the guy who made blab we spent many many hours together in a way on that platform uh whenever we were getting ddosed it was because of you i put up with that [ ] so uh you know give us one give us a solid and come on the pod so we’ll uh we’ll have to attack him wait is that twitter thing i think that’s a speaker yeah but is that a secret no because he was in the twitter spaces under that okay all right so that’d be cool yeah [Music]