podcasting 2.0 for June 11 2021, Episode 41 We are the super
spreaders.
I'll give you context to that eventually. Hello, everybody is
Friday time once again for board meeting. That's right. Your two
directors are here today for podcasting. 2.0 everything going
on to podcast index orden podcast index dot social. We got
a lot to talk about road stories you name it. I'm Adam curry in
Austin, Texas and in Alabama the man who hasn't changed in the
seven years since I last saw him my friend on the other end day
Joe's
week of sleep with no rooster.
You did kind of get the the raw end of the deal on the on the
Airbnb in Miami.
Like, I mean, all I saw was I woke up at what was it? Like,
three o'clock at 345 in the morning. Yeah. to the to the
extreme rooster crow. Yeah. And that was no, that was not fine.
Yes, we are of course referring to the podcast index.org journey
to Miami for Bitcoin 2021
which we did on behalf of podcasting. 2.0 of course, to
spread cheer, mainly to meet people. Yeah, and
I would describe this whole event that maybe even our whole
journey, as Comic Con meets fire festival was kind of great.
And really, you know, we're on a very small budget here. And we
you know, we paid for most of the stuff out of our own pocket,
but I think the Airbnb, I believe was,
you know, was from the company, the morgue.
So Eric, Eric is very frugal. And you guys were already there.
org chart is not big.
Yes, the three of us.
And so I flew in later because I had to hustle after the after
doing no agenda show.
And I mean, I'm in the cab, and you know, drive and it's like, I
was nice street here. I knew we were kind of close to the
convention center. And the guy hangs right and like, Whoa,
where I'm right. I'm in. I'm in an episode of the wire. This is
crazy as drug deals being done. Is this you'd like text me when
you're out front? Yeah. Unlock the gate. There's a huge,
wrought iron gate in front of this place. It was like was like
250 bucks a night or something. It had three bedrooms, you guys
had graciously given me the master bedroom. That was very
kind. You didn't have to do that. In fact, I fully
considered to be shoved into the corner.
When I arrived. You're mean you're the pod father? I mean.
Yeah, baby. Yeah, yeah, I got the I got the front room so that
if there was a drive by
you'd catch it. Yeah, yeah, I was gonna be the human shield
for you, too.
I think that's what they like on the street. I think that's what
they call like, there's this huge black rooster that just
kept walking across the street all day long. And I mean, this
thing was as big as like a you know, it was like a dog. Throw
saddle on that bitch.
I think I think that's the name of the of their mess that they
were cooking over there. The black rooster. It was
black.
Yeah, I like it. Maybe that should be our logo. Black
rooster.
I liked it.
It was. It was great to see you again. I've seen Eric recently,
of course, and you'd never met Eric. And the three of us are
quite a pair. We really vary in in sizes in all kinds of
different ways. I'm sure that people who saw us come and go
like Who are those guys? Well, here's how it goes. There's
there's a minimum requirement to be in the in the Bitcoin
community. And you're like, in I don't get I'm not in it.
You and Eric are like six foot 100 Yeah, you know, I'm like 510
and Ryan Ryan Gentry is taller than I am. Yeah, I mean, like I
was staying at one point. It was you Eric Ron Gentry standing
there in me. And I was just staring at everybody's chest.
But I did I did have some support because Graham Graham
critic is also a small guy. Roy Mahler's a small Roy's masa.
There's like this extreme Academy. My name is Tim. Yeah.
Oh my god. So yeah. And I'll just give a little
little color around this. So the event itself you know, this is
convention hall, and really was split into two parts. One is a
an auditorium we have which was nice and air conditioned. You
sit there and watch what's going on on stage so very much like a
really big show. Kind of like an apple event. You know, that are
the old Apple events with the audience and the stage. The
Apple event was in a
Husky story,
Jim.
And then on the backside, they had, you know, vendor booths and
all that. And then outside it was a bunch of bubble tents,
mind you, this is 85 degrees, but it's miami heat. And it was
it was 80% humidity, it was, it was disgusting. And then I
presumed the people who paid for a tent was outside, that was the
stacking set stage. And that was clearly you know, I think
lightning probably paid for lightning labs paid for that.
And sure, a couple other people had it felt like a pay to play,
which is not uncommon for conferences. And
I would say in general,
is a total waste of time to go there and watch anyone speak
because you look at the videos online, that's now now you can
really follow the conversation. You're not sweltering, or you
know, cuz you don't get the same energy necessarily. But for that
you didn't even you didn't even talk about the line, the length
of the line to get into that. Yeah, why don't you once you
fill everybody in, though, I mean, like, Whoa, so we, we get
there and get out of the Uber, and then walk, you know, walk
across there. And it looks like the line is fairly long. So we
start walking down the block, and then we get maybe, I don't
know what, 60 feet. And we're like, yeah, this is right. I
mean, we'll just join the crowd or whatever was moving. It was
moving. Yeah. And then some and then this lady accosted us and
like, you know, y'all get to the back of the line, she started
shooting as a bird.
So we were like, I felt really bad about that. But I didn't
realize until we walked another mile.
And it was still not the back of the line. We went Screw it. Yep,
we went like all the way around the block and then started going
down the backside of the other block. And you're like, no,
let's just go to a bar. Yeah. And so we wait a little bit and
see and then we we got in and
for you know, I think for for our money, the best part of
being there was going you know, going for drinks with with Roy
from breeze and Tim from Ellen pay. Um, you know, having a nice
chat with Tim.
Really just connecting with everybody meeting, I met
Elizabeth Stark from lightning labs, who was very, very
complimentary about all the work that's being done with the
valley for value streaming payments. And this is just, this
is just an accepted thing now you know, this this streaming
value for value it's it's, it's understood, it's accepted.
Either someone has not heard of it at all, or they know all
about it. At least in this crowd, obviously. Yeah, we got
one one of the guys on the mastodon I didn't he was the one
that do the go pocket.
He got a few he got a few of those. And I got some in the
mornings and stuff like that. Yeah, that was that was nice,
but it was good to see all these people they're real they're just
people.
Yeah, it had its fair amount of booth babes and Satoshi slots
and stuff like that walking around. And and there were some
interesting things that happened. You know,
Max Kaiser started his mean fast which and and I started starting
to understand him even more than I did. All right. And I did an
interview for his RT show Kaiser report. Didn't one of those
sweltering bubble tents? Oh, yeah. The Mad Max was pretty. He
was pretty wide action, the convection oven. Yeah, he was
pretty wiped out because he expended so much energy. I'm
sure most people have seen him. Just going nuts on stage at the
opening with the fuck Ilan. We're not selling.
But this is all very calculated. You're now he's doing the fuck
Ilan World Tour, which will kick off off in Austin on July 8. I
didn't know about this tour. Yeah, we're, we're I'm helping
him put it together. There's a couple guys here actually.
Yeah, and we got a venue already booked and sick and just
couldn't be max doing a 45 minutes set first.
punk band.
I want the T shirt with the T shirt with the tour dates on the
back who Oh, yeah, exactly. But he's really meaning it he he
understands exactly how he can use his his position and the you
know, his followers. And this is just a meme. You know, it's a
lot of what Bitcoin is it turns out you know, the the sentiment
of the market is very interesting.
And so I think he's,
he's a really important part of this point in time for Bitcoin
is very interesting to me. Then jack Mahler's, who is
he's the guy behind while zap wallet but also strike
He's very young, he's like in his mid 20s.
Everything in my body wants me to not like him, but I can't
help it. When I hear when I hear I'm like, Ah, you know.
And I think it's because I see some of younger me in him in a
way, you're doing kind of little, little touch of
arrogance there. That's like, Man, it's so much easier if you
tone that down a little bit. But to his whole, the whole thing
kind of represents the the group of
the age group and generation that is so much more open to an
alternative way of society in general. And for them the core
is the money stop talking with our money. And I like that I
really liked that he communicates that quite well.
And then of course, he he also shepherded with a number of
other people but and he is a great face guy.
The adoption of Bitcoin as a national currency and El
Salvador.
Yet someone that's that I'm like you I wanted to and I want to
talk about the El Salvador I want to get in into, I want to
dig in and get deep on El Salvador. But before we do that,
just to wrap up the main point of Bitcoin 2021. I was reading
in Bloomberg this morning. It was a super spreader event. Oh,
did they say?
Super spreader at now I don't know if they meant Coronavirus
or podcasting. 2.0. But a healthy combo I think was
achieved. There. There was maybe I think all totaled it at the
conference itself. I maybe saw in masks. Yeah, if that and most
of the
people who were working the event you're serving food or
something like that. Yeah. Yeah. Now there's some people I wish
had worn masks.
But
definitely, it was definitely a super spreader event. Okay. Hey,
listen, I make the jokes around here.
Alright, let's talk about El Salvador. Do you want to Okay,
yeah, sure. Why not? Well, so let's see. I'm like you I
thought that I thought that maulers I kept wanting to not
like the guy cuz he he's got that arrogance and he's got you
know, who's got the Lambo and all that. By the way? I said
there would be a Lambo and you said there would not be a lamp
there was a Lambo, the former New York banker sent me and sent
me a picture. He said Hey, man, it's not yellow, but it's the
land we have a long standing joke. In my my bachelor days
when I when I divorced, he took me out for drinks. And I said,
Let's buy a Lambo and we decided would be a yellow Lambo with a
midget in bikini driving it and I woke up the next day and and
had to go look on my phone to make sure I hadn't actually
ordered.
man that was bad.
So that's Yes, there was a Lambo. I stand corrected. There
was a lot of shit coin activity going on? Oh, a lot of that.
Yeah, it was not yellow, it was an orange Lambo.
So, yeah, I wanted to not like him because of all that too in
the race car and all that jazz. But then in, then I see you
underestimate this guy. And then you see what the strategy is.
And he's brought amaze right on that mean that it really comes
down to I mean, he's seeing the broader the broader landscape
here, but I don't think that the broader lens I don't think that
what his vision or any of the big one people's vision is.
I don't think any of that really is fully encompassing the whole
picture of what is going on. I mean, clearly it can't see I
think a lot of people are misunderstanding
sort of misunderstanding things from many sides of this I'll say
this I don't think
that we really understand what would happen in any way shape,
form or fashion if multiple countries at once all decided to
do this pandemonium Bitcoin pandemonium yeah the the Bitcoin
people that think that they're all super excited and locked in
and think oh my god, this is just awesome.
They have yet I don't think they fully understand the
ramifications. Oh, I think that El Salvador or one of the next
countries because I think more countries will do this. I look I
have $100 trillion Zimbabwe banknote. I mean those guys
could benefit from something different.
You know, one of these countries is going to you know, they they,
they accept it.
I'm not sure if they will actually exchange it into their
national currency. I forget the name of it.
Well, they use the US dollar. They but they use the US dollar
in general. But you know, so the
The threat now coming out of Janet Yellen his or wherever it
came from the US government. Well, we don't want countries
taking Bitcoin and allowing it to be converted into their local
currency. And by the IMF. Yeah. And if a country does that, I am
quite worried about finding out if the dollar is indeed backed
by the full faith of the United States, because that means the
military. Yeah, that means the military, I mean, Saddam
Hussein, you know, and even What's his name? Gaddafi? Yeah,
they wanted to sell portions of their oil in, in euros. And
there was a talk of a gold dinar that did not work out. Well.
Yeah, the whole African financial union or whatever that
was called. Yeah. But it but on the other hand, just by this
conversation taking place, and by everything that's happening
with Bitcoin, specifically, people are becoming aware of it.
And people are going, huh, it's beautiful to see Tina start to
understand what's really going on. And the issue is, unless you
really study the monetary system, you know, then you kind
of, you kind of might know it a little bit. And you might start
hearing about fractional reserve banking. And then when you start
to look in how everything works, like, oh, holy crap, and it's
just beautiful to see people start to understand that and go,
Oh, this is not a good idea.
I've got it. This is a complex topic. And it took me a few days
to really just sort of get my mind in the gear that I've felt
like I kind of understood where I even stood with it.
Because I think this is, well, let me let me read part of this.
And I got some clips.
This, I don't even remember where this article came from.
But I think this kind of compresses everything into the
most pertinent data here. And it says,
and there's they're talking about Bitcoin becoming legal
tender, tender and El Salvador, and it says the move also brings
financial risks, experts say as the cryptocurrency gains and
loses huge amounts of value in a flash at times overnight. Okay,
I think the first thing to remember is that those gains and
losses of value are in relation to the dollar. Yeah, that does
not, that does not accurately reflect. There's a whole idea
between Austrian economics and monetary you know, and other
monetary systems. And I would consider myself an Austrian is
that is the subject, you know, subjective value of money, and
the money as a store of value. And so, a lot of people think
money is some hard monies are a quote unquote, store of value,
but that's not as that's not as solid as a lot of people think.
That's, that's way more squishy in and depending on how you look
at it. And I think that as far as local, local things going on
within El Salvador, this currency, Bitcoin as a currency
may not fluctuate nearly as much as it does on a global currency
market. So I'm not as I'm not so concerned about, I think that's
a little bit of fun. Well, it's, it comes down to the long term
time preference where someone's knows that against their local
currency,
the the satoshis, they're receiving may be less than
value. But they know that long term, it's going to be much,
it's going to be more valuable. For instance, SATs that were in
boosts that were streamed to me four days ago, are now worth
10%. More. Yeah. So you know, once you start pricing in SATs,
and I surprised myself, at how seamlessly I converted to
satoshis. And I'm no longer really doing conversions in my
head anymore. It's just I can feel it's like, oh, 500,000
SATs. Oh, that's, I know what that's worth, you know, without
even really translating it to the actual number.
Yeah, I do that when I refill my wallets and the podcast apps I
kind of just instinctively know about what I want to stand in,
in terms of SATs not in terms of dollars, you know, right away. I
in terms of dollars, I quintuple boosted pod land today. No, I
gave them 10,000 SATs over the course of the whole episode.
It was fantastic. Yeah. Yeah. They know that they know the
system now. But this, but this is what I'm talking about. That
was a listener, pod producer interaction that resulted in a
real value transfer something you couldn't you know, it's
fungible, you can use that value somewhere else, not just between
the two of us. Yeah, this is a big deal. And we for some reason
overnight, and maybe it's portions of you and I boosting
but we got a lot of transactions. So that's
interesting. So you post that yeah, I mean, like, like, like
double what we normally get
Come on overnight, and it went and it wasn't necessarily big.
Because I look at the counts instead of the total amount. So
it was just a general increase, increase the action. Yes. Yes.
So either people were listening longer or more people were
listening. You know, I look at the podcast index. Okay, it
looks like we got four people per minute. Coming in, you know,
that's, that's kind of a good good spot for a minute, four
payments a minute.
But anyway, I'm sorry, back to El Salvador. Oh, no, that's
fine. Yeah. So the the the next part of this thing says words
I'd never thought would come out of my mouth.
Now, back to El Salvador.
Yes, Adam. Thank you very much.
El Salvador this. So this next piece it says El Salvador's
economy depends heavily on money sent back from abroad. Yeah.
remitting a court. Yeah, according to the World Bank, the
so called remittances to the country made up nearly $6
billion, or almost 20%. of its GDP. I mean, 20% of, of El
Salvador's GDP, is coming from repatriated money from overseas
donor debts, evidently on a consistent basis of which 50%
only really gets there, I think, some astronomical number. Yeah.
And so that that brings me That is what made me realize that
jack Mahler's
this was the perfect wedge strategy that he used, because
light lightning is literally a is a zero thi trans transmission
mechanism Exactly. To get money from anywhere in the world into
El Salvador. Yep. And that is, I mean, that's a pretty
impressive, impressive strategy for a 20 something year old to
realize that income, you know, and I'm sure he's not, and he
didn't just figure that out yourself. I mean, there's
clearly some more stuff going on. And he also he has he has
ties to El Salvador, I think, does he? Yeah, yeah. He was
there for three months. And I forget what the story is, but it
doesn't matter. It's.
Well,
that's the other thing people may not realize is that El
Salvador already had a robust Bitcoin market. Oh, yeah. It's
not, it's not like a hell of a lot changed. Except for some
legalities and recognition. And that usually drives culture.
Well, that's makes me nuts. Another thought that I had is
that, you know, when? Let me see if what, let me see what clip
ahead. By the way, I think Nigeria would be the one to go
next. I mean, they do not, they might even tell America,
Nigeria is bursting. They have the same problem. remittances 2
million Nigerians are in the rest of the world, sending money
back.
Yeah, that I mean, any any country that's in that
situation.
I mean, like, why would that? Let's see, then. Then you get
into the deaths when you get into the geopolitics is when
this stuff happened. So I just started trying to get a
thumbnail sketch of what El Salvador is all about. Because I
know I usually go on to under to sort of ideas when whenever some
story like this comes out in number one, that our first
understanding was stories, probably wrong.
And number two, the media, in general, just cobbled together
narratives from the people that are the most vocal about a
subject. And those are usually going to be geopolitical actors,
like NGOs and financially interested parties and that kind
of thing. So it doesn't help you to really just just go out and
read a bunch of headline stories, you really have to dig
in deeper to find out what's going on. And if you dig into El
Salvador, I mean, the narratives are just all over the map. And
yet, Ms. 13, and Trump's deal with them on immigration,
remittances, NGO money, drug drugs, human trafficking, you've
got all of these, these different things there. And I
even saw something about some something somebody said the
Spanish central bank, as central bank of Spain, because El
Salvador used to be a colony of Spain. Yeah, that the Spanish
central bank still holds like a huge amount of gold
that they won't give back to El Salvador, there's all these
things going on. And so you look at a development like that. And
you're like, Oh, well, you have to understand that there's a lot
going on that you don't know. And the presumption I have is
that. Kaylee, is that his name? Okay. That okay? Yeah, yeah.
Yeah, he's, he's Gen Z. And I my presumption is he understands,
but he's also Trump. Play, play.
Play. Play boo, boo. Boo. Kaylee is Trump light, elbow, cat,
American.
Roll the land Narathiwat. The toll pies certkiller Ross and
editor at the independent new site alfonzo says boo Kelly with
his voracious tweets and attacks on the press control the
narrative in the country framing himself as a great reformer.
That as well as his perceived handling of the pandemic and
free food handouts has kept him very popular. His approval
ratings frequently top 90%
I mean, he's a he's a voracious tweeter. And yeah, well,
populist. He could not be more polar opposite Trump when it
comes to Bitcoin. No, yes. True. Yeah, you want to play that one?
Oh, yeah. Okay, I see you're sure a Bitcoin I just seems like
a scam.
I was surprised. You know, with us, it was at 6000. And much
lower. I don't like it because it's another currency competing
against the dollar, essentially, it's a currency. Now, this
particular quote by him
is important for a number of reasons. One, he says it's
essentially a currency.
That's not the generally accepted view by the United
States government, they treated as property not as a currency,
you can be taxed on it as property. He also says, under
us, it was 6000, which leads me to believe if he were to become
president, again, he would do his best to suppress the price
again, but he's not by suppressing Bitcoin, but by
making the dollar stronger. So he understands exactly how this
works. And he knows that, I think, and I think he's very
smart, actually,
in this regard, that, that he knows that this thing is not
going away.
What I would worry about is how he might respond to countries,
you know, the astronauts converting US dollars into local
currency through the, the the lightning network or the
methodology of Bitcoin.
Because that might drive him crazy, because he knows that the
only reason why the United States we have this, this kind
of fallback position is like, hey, it's our money. You know,
you don't use our money you fucked, you know, I was like,
I'm sorry, this is this. That's what it is. So we would have to,
and I think the United States can do it. I think we're very
creative people, we would have to compete on on our quality and
our intelligence and our creativity. And you know,
nothing would just be a given if we move to a complete Bitcoin
standard Bitcoin economy where, you know, everything's kind of
Oh, G equal.
This, I mean, this is a direct shot over the bow of the
Economic Hitman model of geopolitics. Yes, yes.
Absolutely. And you know, that, and that's the, that's the US
dollar. And I don't know, see, that's the thing. I just don't
know what is going to ultimately happen out of all this, the
cynic and the cynic in me wants to say, Oh, well, I know what's
going to happen. More is coming. But possibly at the same at the
same time. I guess what stems a little bit of that cynicism,
though, is this larger idea that I think we saw at the conference
too, and with with Trump, so you have Trump coming out, sort of
not coming out, but I mean, Trump going public against
Bitcoin in a in a clear statement, will then you also
have the the swamp so to speak, who is also anti Bitcoin. So
there's this brain freeze, there's a well Trump doesn't
like it, but we don't like it either. What do we do? Well,
then you add to that another, another piece, which is some of
this new hurted in that clip A while ago with Kaylee, and he
said he's got a 90% approval rating. He's we hate you know,
it's like we hate this guy. Surprise, surprise.
He really has clean things things are better and his people
love him so it's like what do you do? Well, I say one thing
that the war is already started the war is on I mean, the
natural war the war against Bitcoin is on for short. That's
what this rent is a part of what this is, is this ransomware
business
because it and that's what Ilan was all about in Bitcoin bad
Bitcoin stop the gas flow Bitcoin. And this is my favorite
is destroying the earth. That with its energy use, and this is
the one two punch that I that is brilliant from Max Kaiser,
because it came from him.
He said, Hey, bitcoins going to use the volcanic energy in El
Salvador, which is they have it they have thermal energy plants
that are you know, right at the volcano taking the heat from the
volcano. And you know, and the finance minister or wherever
else in El Salvador Yeah, of course, is a great idea is the
best way to do Bitcoin.
The war is on really we're literally going to convert the
carbon coming out of the earth to money. Yeah. That is like,
there again, that's that brain freeze. It's like the
another example. here's here's another example. The Laura
Loomer, jack Dorsey thing. That was fantastic. That was so
beautiful to see. They had no the crowd in that auditorium had
no idea how to react like a frozen like a dumb kangaroo
stuck in the headlights of the Roo shooter.
What What's happening here? She's calling him a human rights
abuser, because he the platform's politicians. And like
what but but it's jack man is jack. Little bit a little bit of
that to adoration at this conference in general. Oh, man
is that guy Oh, oh. Oh, yeah.
played this. Okay, this is from
see, okay. I want you to play Vietnam brain freeze, but I may
I may stop it in the middle. It's a little bit of a long
clip. But this comes from that documentary called, can't get
you out of my head. Adam Curtis, Adam Curtis. And I'll say this.
That documentary is weird. It's it's very it's tough to go from
episode to episode like, what where did it end? And why am I
seeing this? Yeah. You at the end when you're finished
watching it. If you watch all six parts, you know that you
just watched something extremely important and brilliant. But you
don't know why. Exactly.
In 1979, a Frenchman called Berner Krishna, who had founded
medicines frontier charter had no cargo ship. And he went to
rescue 1000s of starving refugees trapped on a tiny
island.
refugees that no one else seemed to care about.
They were fleeing from the new communist government that had
taken over Vietnam.
Too many liberals in the West, the communists had been heroes
in their fight against America.
I mean, the boat people now facing piracy, an example.
attacked by pirates. 10 times in a trip is still alive, and
nobody are taking care of them. And that's our purpose. It's not
possible to shut up now. Kushner's actually had a
powerful effect in the West.
Because it started to undermine the self belief of a whole
generation who saw themselves as radical and pure.
That possibly being good was not as easy as it seemed. Okay, you
can study it. That's that line being good is maybe not as easy
as it seems. That just seems to sum up so much of what is
happening geopolitically right now. Yeah, because you had and
he's talking about the, you know, the boat people, the
people that fled Vietnam after the US pulled out in, you know,
starting in 75. And continued for two decades afterwards, was
like almost a million people.
The, and the liberals, who had criticized the US involved,
rightly so criticized the US involvement in the war. You
know, they, they had to sort of face this humanitarian crisis,
like, you know, I was ours, I remember the boat people. I was
alive when that when that happened.
It was like 40,000 people living on this little island starving
to death, because they fled the brute, you know, the brutal
communism of the North Vietnamese net in there again,
that I think that you can't say, and it needs to be clear that
you can't say that this is this I did everything right, this or
this. I did everything right. The real reality is complicated.
And reality has all kinds of contributing, complicating
factors to and truths and truths. Yeah, exactly. And so
you, you know, you can hat. And but that's not the way everybody
wants to see things. Everybody wants to see things in a clean
left, right? dichotomy, but it's just not like that. And that's
not realistic. So whenever you have these things, like jack
Dorsey is, you know, ad platforms, people on left and
right, yeah, all the time off of Twitter. But yet we want to see
him as a Bitcoin hero. Yeah, no, you gotta. That's not the way
this stuff works. But I think that that whole idea is just
beginning to show itself more and more, you can see it with.
Okay, well, do we want el Salvadorans to be economically
independent? Because this article talks about 70% of El
Salvador's population lacks access to traditional financial
services, right? And so, like, you can do, do we want the
people of Latin American to be economically independent? Yes.
But do we want them to do it in such a way? And I'm speaking as
just some general, you know, bystander, do we want them to do
it in such a way that like takes us off our podium and input
essentially gives them the power to have their own, you know,
system independent.
can't have that.
Yeah. But then if they if they go off on their own and have
their own financial independence, well, then we we
can't control them. Yes, very Exactly. So I mean, it's this
brain freeze that people are having where they want to, they
want to help, but they don't want the results of the help.
Well, there's a lot.
That's not the only reason I don't think to me, it's just
like podcasting. 2.0.
You know, everybody wants to make it really successful. But
squirrel Facebook is doing podcasting squirrel, you know?
Yeah. So people and, and I, deep down, I think everyone
understands the importance of an independent podcast
infrastructure and ecosystem.
Which, by the way, when you start using it with value for
value, you start making money from day one, from our one, I
mean, who can give you that? It's true, I was thinking about
that. If you're set up and you got one person testing, if
you're making money right away, yeah, you have to wait for some,
you know, some
reconciliation with, with the agents and the broker and the ad
agency and the network and whatever. And then, you know,
it's still pennies. It's just you get in right away with us?
Well, that's what Bob, that's it, when it comes down to it.
The revelation that I had, sort of this week, it's been swirling
around in my mind since last year, when we started this whole
thing, of what why do I care so much about, about free speech
and not add to and not jumping in the middle as an editorial as
an edit editor? And it's because of this, this whole topic, it's
because reality is more complicated than we want to make
it. And if we, if we are only looking at it from one side, and
let's just say, the American side and this issue, or this the
side of the West, quote, unquote, then you're excluding
an entire view of, of what is happening in that country.
Indeed, you're not even seeing in, in that. So from that
perspective, like, it is so hard to you cannot just it's not
hard, it's impossible to sit back as a third party and make
unbiased decisions about speech. And whether those things that
somebody is saying is independently right or wrong. It
from only your side of the fence. And and I think I think
this, these sorts of things, just show it clearly in
Colorado, and I'm uncomfortable making concrete decisions about
other people's speech because of that. And so I think like,
that's, that's what I'm trying to get at is these, these issues
where it shows up and everybody freezes. They are, they're so
helpful, because the good moments, yes, yes, the good
moments Exactly. And people will get that I had that moment
myself a little bit, although in a different way. Watching the
apple WWDC video, you know, okay.
Well, the first thing is like, wow, this is it's beautiful. I
mean, everything they make is just beautiful. Look at how that
flows. It's seamless, you know, moving shit across devices and
Windows. We've all seen them when it's been around, but they
just make it work so elegantly. And then you just see you
realize, as you get more and more into it, they are closing
the door there, they are raising the walls even higher and
already the content that you can or cannot get. I mean, they are
effectively disregarding podcasting altogether. They're
disregarding it all they care about, well, you know, that the
quality shows in their mind, which is the same subjective
evaluation of speech or free speech is something good or not.
But they so they have certain ideas, what quality stands for
and that would typically be from organizations, you know, that
are established medias companies, etc, right? And
they'll do their subscription services, of which Apple takes
30% or 15. If you do well, and then they just don't care. They
do not care. And they're going to determine what you can and
cannot consume on the inside and that end, they're not bashful.
That's part of their,
of their, their marketing is we keep you safe.
Yeah, I talk to a podcast hosting company got on the phone
this week. And I was we were having the same conversation.
And he was saying that.
He said, Well, you know, I think they think it
You know, Apple cares about that. He said, I don't think
they would want to disrupt the whole advertising industry. And
I said, You know, I completely disagree with that. I don't
think that they would want to, but I don't think they care one
bit if they do, nope. And because, you know, that was one
of the things that came out of the apple thing. Is everybody
talking about private relay, and everything going through VPN?
And this is going if I'll go ahead and plant my flag here,
you know, write it down, is that if right now, it's supposedly
only Safari, that's gonna everything's gonna be going
through this private relay? Oh, no, it is everything through it.
Yeah, it'll extend to the, it'll extend to the rest of the OS.
Yep. And Apple will block one go block dangerous URLs. And
they'll, they'll block it. And it will look like from an
advertising from the IB perspective, it'll look like
let's deliver on coming. It'll look like everything's coming
from the same address. And then it's gonna legally break is
going to completely break download stats. I don't know how
long it'll take. But within the next three years, they are going
to completely break down traditional downloads,
statistics coming from podcasting on the apple
platform, okay, let me plant my flag in three years, it won't
matter.
podcasting, 2.0 in three years, Dave, we're not even where we 10
months now, we've already fulfilled our promises, you
know, one preserve podcasting as a platform for free speech, to
turn it into a platform of value, which the entire
ecosystem benefits. And along those lines, I wanted our app
developers in particular, to take note, you know, I had we
had a nice time with Roy and Roy came in from Tel Aviv. And he
really, he really came to see us, I think, you know, mainly,
of course, he knows everybody in the, in the business has been in
it quite a while. But now this is small company, but it's a
company and they have investors and
they have staked their business on this. the seriousness of
Brees being a player as a as a in the in the podcast app space,
this, this this, it's a big part of their, their business, you
know, they're raised money on it, because they say, hey, look,
we're making actual money. Yeah, it's bits and bobs here and
there, although they they do 5% no one complains, I might add.
And yeah, I mean, we have a lot of negotiation against ourselves
in this business.
And, you know, he's so serious about Bitcoin overall lightning
specifically, you know, that we agreed that, that we would work
out a way to with the first test, use the web ln protocol in
the breeze app so that you can bring up a web app. And in this
case, now, he doesn't want another podcast app
understandably.
But for just video, and we're working with,
with Steve B, of Curio caster, to get that implemented with web
ln hooks. And that's a game changer.
Yeah, I think you need to explain what that means to
people. Because we had nobody has any idea what you're talking
about with web ln. Okay.
So there's a protocol called web ln, which allows you to have
regular
web links, I guess, web hooks, you'd call them or whatever, to
interact with a lightning nodes API.
And if you've ever used the lightning wallet, and you've
looked at the marketplace, that's pretty much all web ln,
it's just a web browser. But it's, it's not giving you full
web browser capability. Accepting the blue wallet, they
do have that.
And so the idea is in the future, this is the way I
envision it in the future, you will download a browser, and
that browser will be a wallet. And it works like a browser does
everything your browser does all this you know, it's it's a
chromium based from I don't care what it is. But then when you
hit a page that says, hey, you've got to pay for this or
support this here. You just tap on it and boom, you got a
cocktail, it
it then makes the payment right from that wallet. So the
marketplace in the breeze app. Every single one of those
choices, you're basically just hitting another web page only
you don't see it that way. Just look, you know, it's a web app
is what it is only it's a web app with hooks to the wallet
that it's functioning in, which is the only way to do it right
now on both of the major OSS. And that brings it and that
brings us right back to the Apple thing, which was Oh, he
got kicked. Yeah, the blue wallet in the blue wallet had
that been
I was in there, and the Apple Store kicked him out. Did they?
Did that happen within the last couple of days? No, no, this
was, I think this was a year and a half ago, they had to remove
that, because from what I understand from Roy, is that
Apple does not allow dynamic content in their apps, it, you
might as well give up, I mean, it's gonna be web apps or
nothing is over you. They will take you to court every single
time to fight you on anything that they consider to be their,
their terrain, their turf.
And that's the that's look as they look at what they did with
digital gift cards. So they said they came out in this new app
store policy. If you sell digital gift cards in your app,
we're going to start taking 30% of that. The only way if you
sell physical gift cards, like whatever now that's okay. But
digital gift cards, we're going to start we're going to start
from this from this day forward taking 30% Yeah, that that's
going to destroy an off ramp for for Bitcoin, the trend in
Bitcoin is no coincidence. no coincidence is coming now. Of
course. Yeah, of course, that is just look, the tone, the tone
deafness in the arrogance that that company has sometimes just
just baffles me, because they This is a company that's already
on thin ice in so many circles for anti competitive behavior
and behavior for App Store, price gouging, and all these
kinds of things. And then they just, what do they do they do
they take a more humility position. No, they look around
and say, is there anything falling through the cracks here
that we have not sucked? Every last? Yeah. Oh, this one?
giftcards Get it? Get it before it gets away? No, it's like, Are
you kidding me? You know, and I don't think that I don't think
people understand that. Like, if you go into the breeze,
breeze app, if you're playing podcasts, they're one of the
things you can do is you can do a thing called bit refill, which
you can take your bath your balance in the breeze wallet,
and you can go and buy like an Amazon gift card. No anything.
No anything is not just I mean, you can literally buy a code for
anything you can think of employees will use it to get an
Uber Yeah, his credit card got jam because of his you know,
overseas travel or, you know, maybe the company's bankrupt I
mean, it could be who knows, you just can then
saved his bacon to get an Uber Yeah, but Apple is gonna is
about now can have that there's also the the real hack of bit
refill, is you can also put it into a bit refill wallet. So you
take $5 and SATs, it goes in boom, they'll give you your
price right away is almost no commission for that I think zero
actually, boom, it's dollars in your in your bit refill wallet,
oh, that's a good way to hedge you know, to hedge your, your
your money, if you need some access to cookbooks, then you
can have it right there. And and I'm not kidding, you need to you
need to fly boom, it's you can do it with airlines, you need to
grocery shopping, but everybody has a card of one sort or the
other. And you can really order almost anything you need. And
think about it from the standpoint of a developer. What
exactly, I don't know if you read that article by Marco about
the terrible Developer Relations course course it was a seminal
article, what in the world does that transaction have to do with
Apple that they could take that they could justify 30% 30 a
third of the transaction total of you taking money out of a
Bitcoin out of a wallet in an app that you that you have, and
go and do a transaction through what is essentially a WebView
wrapper in the ass with another with another party what I mean
that is no different than taking a gift card that you bought
through an email and plugging it into Safari on iOS into the
Amazon website. Again, the writing is on the wall
it's gonna it's you're gonna have to make web apps I there's
no other way to look at it and you might as well start now if
you plan to be on Apple now Apple will become less and less
important over time. They go you know, it's there's only so many
people can afford a Range Rover and kind of put it at that
level. Now not Rolls Royce, although they have Rolls Royce
features but it's a Range Rover. And you know, that's expensive.
But for my for me,
I'm I've already opted out of so many things of quote unquote
normal life.
I've always tried to get off of Apple, and the hardest part was
the phone. And this graphing iOS gives me the same
Same amount of joy that I used to get from an apple except now,
hey, there's an update to the to the stable channel and it's
loads that day, you know, I get new features all the time.
It's, yeah, I know that if if I want to suggest something I know
where to find the people who are doing it. I mean, that's, it's,
it's a much it's not it's not quite as beautiful. It's not a
Range Rover. It's just not there's not a lot either.
Well, when, you know when at when, when Apple gets to when,
when they do these sorts of things. And safe think it's like
in their mind, they think they are making their platform more
attractive by raising the quality evidently of the app to
be sort of a native first class app. What they're doing is
they're just driving people away from the platform. Because I
don't I mean, like I'm so close to bailing on on on our phone.
Well, I built I build when they fucked up USB, that's when I
bailed like, okay, you don't care about professionals? Yeah,
there's always there's going to be something with each person in
as crazy as it may sound, this gift card thing really, really
griped me to know. Yeah, it may be something as simple as that
that could some something seemingly innocuous to probably
most people that that makes me just jump, jump ship and get and
get out of this thing. I'm just I'm just tired of it. Let's
reach out to Marco. I'd love to talk to him. Let's get him on
the show. If he's interested. I think it would
love to talk I want to find out. I want to know I want to get to
know him. And I'm a podcaster dammit. Talk to me.
Pretty good. Roy is awesome. love getting me here. Tim from
LNP is awesome. Yeah. And we worked out with without saying
too much. Because we're still figuring it out. I think we
figured out a good genes mom experience for for podcasters
that we're working on now. I'm gonna see if we can make all the
pieces fit together. Yeah, yes. Well, yeah, we're pretty excited
about that. Yeah, I'm pretty excited about that. The good
technology out there meet meeting people in person is so
nice. No, no, I mean, you can get some you can sit down with
somebody and with a beer and talk about something and get
something hashed out and like so quick note on. Yeah, yeah, yeah,
1/100 of the time it takes to like, go back and forth across
the internet a million times. Let's talk a little bit about
some of the other things that have been going on.
pod ping update.
Well, Brian got has got himself funded. Yeah, I
love that. I love that true value for value, the circle of
life.
Does the dhf the decentralized hi fund, I think is what it's
called. And they put out that out there as a project. And
evidently, the way it works, I'm not 100% sure on everything, all
the details, but evidently, the DA, people vote for your
project. And then you use say, Okay, well, I want this amount
of money to help me work on this project.
And everybody votes on it. And then if if your vote gets over a
certain threshold, you just get the money. It's kind of like,
cast the pot in France.
Without the socialist, without the socialism
was beautiful because it shows that both systems can
contribute. That's a completely capitalist system, the hive
fund. Although of course capitalist doesn't mean people
aren't philanthropic. Because we know you got to you got to drive
innovation somehow, or the socialist way, which know that
you have to drive innovation, and then just comes down to
checking the boxes. Yeah, filling out the right forms.
Yeah.
Yeah, that's Mm hmm. I'm glad I'm so glad for him. Because
he's just put he's put so much effort into this. This is great.
And we will, we've got well we finally get this namespace talk
because that ties into this
anytime to me, now it's time for some
namespace, I have to say that the hot namespace talk we did in
Miami was great in person.
Don't you do that?
So the namespace
it's all phase four. Excuse me. Phase Three. is done except for
I'm going to also formalize the EU ID tag. working on that right
now. This is the this is the global
ID that curriculum was talking about this on pod land and I and
I wouldn't mind a quick explainer of how important the
geo ID is yet
So one of the problems is there is no universal ID within
podcasting, so everybody uses the Feed URL. So I've got a
podcast over here called Dave's Killer podcast. And the Feed URL
is on his own RSS Comm. And it's, you know, deeds dot RSS,
calm slash 123456, blah, blah, blah, dot dot XML. So that's how
everybody knows me.
Or, or either they use the apple podcast ID or the iTunes ID.
Well, if you're not, if you're not in Apple, you don't have to
guess you don't have one of those. Right. So what are we
going to assign everybody an ID? Is that what I'm hearing? Well,
the open the standard will assign everybody Nandi. Yes, the
that's, that's what this will be. So if the problem this is
trying to solve, there's multiple problems. But the
biggest one is that if Dave's amazing podcast at RSS calm,
then moves over to fireside
now, the Feed URL is different. And nobody knows who nobody
knows is the same. So the best. Okay. The best case scenario is
I had I had an apple id, an apple podcast ID or an iTunes
ID. And then I went into Apple podcast connect and change my
Feed URL. And then somebody goes somebodies aggregator goes in
behind me checks the Feed URL returned by Apple's iTunes API
and sees that it has a different Feed URL and switches it in
their database. Right? That's, that's best case scenario.
Obviously, that's less than ideal for an open podcasting
ecosystem. Worst case scenario is
aggregators pick this up as a second feed. And now you have a
duplicate. Yep. So the database holds, holds, holds two copies,
a day's amazing podcast, one at RSS comm one at farside. So what
this would do God, what this is is is going to do is
everybody gets it as their podcast stands, at the moment
when they implement this tag this tag. And this will be a
it'll be podcast colon God, at the moment, a podcast implements
that geo ID tag, that will take the current Feed URL of their
podcast. And they will create what's called a UID, five hash.
And that is a it's a Sha one hash combined with a particular
seed value. That's called a namespace. And so you have you
ID namespaces. And we, we have created a namespace number. So
you'll take as your as your inputs to the s Sha one hash
will take your current Feed URL as it is at the moment this
thing is generated, and combine it with that namespace,
identifier, and it'll spit out a value. And that value is what
you're going to plug into the geo ID tag. Okay? Once that
happens, you've just assigned yourself a geo ID on that God
will never change for the life of your podcast no matter how
many different host hopping you do. So if if you move from one
podcast host to the next in that podcast, if I moved from RSS
calm to fireside then what fireside should do as an open
standard. Our slides should look it should read my feed when it
goes to import it. See the GNC the gu ID tag and pull that in
and continue to use it for this for the new for the podcast. So
now a year your gu ID that was assigned at one point in time is
now is now traveling with you as you go through the podcast
ecosystem.
Very cool. So yeah, but anyway, supposed to so yeah, so you
can't
you can't reverse engineer the Feed URL from the from that
hash. Can you know Sha one's a one way font? Okay. All right.
Yeah, but this, this will allow for a lot of benefits. Okay, so
what we need
is a widget that I can put on my website or I can tweet that says
get my gu ID. Yeah, just so people get comfortable with it.
Here I am. This is my unique podcast, geo ID. And you can we
can get it. We can do it on QR codes. T shirts. Ooh, that'd be
very sexy. foreheads the tattoos. Yeah, yeah. And of
course a QR code, no dynamite. So then is
Real easy to subscribe to stuff and all this other jazz because
it's universally known. Yeah. And we will bring this in as
soon as we put this thing out, which hoping to get it out this
weekend. As soon as we put this thing in the in the spec I'm
going to put in to, to track these gu IDs into our database,
and then there will be a public dump. You know, it'll come out
into the feed dump that we do every week. We're just going to
spam the world with gu IDs. Yeah, we'll just do it,
everybody. We're
blasting our good goo over your people. Nice. Yeah.
And so then, so it'll allow for thinos easier subscriptions for
things it'll allow for now.
So this now the only people who really need to adopt this is
these people who either have web apps, regular apps, anyone who
accesses the functionality of the index no matter where it is,
I guess webpages
directories. Yeah, so so that you can like if you want to
address yourself, like if you want to find a podcast on, you
know, overcast, yeah, well, then, you know, you'll have to
know how they add the internal IDs for overcast if you want to,
or maybe they use Apple IDs, or if you want to find it on
downcast well, then you have to know their internal IDs. And
then the same with podcast index, you'd have to know are in
decent, right, right. Right now this is right. Yeah, yeah. So
how do we get people to adopt this? Well, we put it in the
wind the same way we get them to adopt everything we put you hold
a gun to their head implementer this puppy dies.
We threatened to have a trip Scott put nasty images of them
in the chat of your of your damn possum. Yeah, exactly. Over
there breakfast. Oh, man. It's a foolproof plan that works every
time. Should we thank a few people. Dave. Isn't that foreign
to the show? We're an hour in. Yeah, I mean, I hope people are
still with us. They might have gone. I don't know what this
board meeting is. El Salvador. The health? Yeah. And we did
kind of spend a long time it's my fault. We did spend a long
time on Salvador. That's why we talked about it. That's that's
why there's a fast forward button. No, but we don't have to
end the show. I'm just saying let's just do that now. And then
we can talk as long as we want. I'm in no rush.
See? Yeah, we got people, man. We got lots of people. Let's see
what we got. Oh.
See, john lips gave us 111 11. Nice.
I've seen I've seen lips. bed. Yeah, he's a he's a no agenda
producer to send me stuff. Yeah. Thank you, man. Oh, here it is.
He and he had a note. If for some reason when I printed these
out, they're printed out double sided.
Hey, you can't crumple them
for free t shirt. He said this is no free t shirt. Good.
podcasting. Yeah, crumple.
Preserve podcasting calm. Happy Father's Day hugs.
Thanks. Thank you, john.
JOHN, i don't i don't think i got a T shirt mailing address.
We need to have that sending him out the T shirts or in India of
Roy's address, I promise ROI one.
I don't think I do. I'm the only name. So. So Eric is clearly
annoyed by my lack of organization with the T shirts.
Because he created a spreadsheet in the blogs. And he was like,
do we have who we're gonna send these to, you know who we're
gonna send these to? And like, click, you know, like, Eric, if
he was in charge of this, he would be like he would have
already created like a webform. And it would be updating a
spreadsheet and sending it to the shipper automatic. All this
nice stuff. With me, I'm like, Okay, if you want to share it,
give us an email. And he's like, no.
Anyway, sorry. My apologies, Eric. I totally screwed this up.
We'll get the streamline we will. Yeah. But he said that
he's going to ship out the first batch. I worked on max Kaiser's
RT show. So I'm working proudly published, right. Yeah, I don't
know. I don't know what their schedule is. It could take a
week or two. I have no idea. Okay. Oh, and also, just as a
side note, I haven't promoted this but Cridland talked about
it on pod land. I'm on the cover of radio ink.
Yeah, this print money. It is a print magazine. And it is uh,
you know, they got a big conference coming up and we'll
be talking. It's all about podcasting. 2.0 The problem I
have is, I don't know. I mean, we sent them a whole bunch of
pictures. I look like I look horrendous on the cover. I can't
I get sick to my stomach looking at myself. Like what the hell is
this picture why it's
Ah oh my god I have a fair amount of vanity but this is oh
my god and Tina's like oh, it's not that bad well you know what
that is in chicks
Oh, I haven't read the article yet but oh my goodness well if
they're gonna you know usually when you're like if you get an
article or featured and now they're sending me copies
they're sending me copies and maybe should just call them and
tell them tilson that
I want to read the article is not online. I want to I want to
read I want to read it. But anyway, this is it's a big push
and we're talking to radio people so they understand a lot
of this stuff, so be fun anyway, that's gonna be gonna be talking
though. At the end like a July 14 I believe it is. Yeah. A
keynote fireside chat.
Yeah, I know. It means I don't have to go anywhere. I can stay
home. Stay home in your robe. And yes, I show all right, you
got it. Uh, where my robe Hello?
Spencer from bowl after bowl podcast gave us $100 Oh, man,
the bowl after bowl guys are pushing the value for value so
hard. Yeah, he you know, he came in with with a whimper and he is
just coming out. Like he's, he's developing a roar over there.
That's that's a there's a lot of people that like that podcast,
which tells me the idea of podcasting. 2.0 with streaming
value for value. And weed is an excellent combination.
It seems to be
just a tip. Yeah. When he when he came in and first started
doing this, he's like, I don't know what I'm doing. I'm not
sure how to do all this. And then now he's just like, on all
the races. Yeah, yep.
He says his message says I will send Dave and Adam no by email.
Thanks for your hard work and dedication. We'll see. Here's
his note.
Thanks for everything you and the crew have been building here
at podcast 2.0. We were so excited to jump aboard and be
among the first podcasters receiving sets to our show bowl
after bowl after spinning up our first node last December. Fast
forward half a year and we see our Sphinx tribe growing. We see
real value being returned and we're on a mission to get more
podcasters listeners on board and participating. Nice.
The recent discussion you've had about the more act the MRE
that's the marijuana and the implications it had on trusting
our government and its currency really struck a chord with us.
We've covered the more x progress extensively on our show
and we believe D scheduling cannabis is the most important
drug policy goal at the federal level.
Thanks and blessings for remaining freedom oriented we
are eager to help usher in a better future for our children.
With the help of those that have the tools you are working so
passionately to bring to the world Love is lit love his
little man. Yeah, sir Spencer and named DeLorean. Thank you
too. And remember to remind everybody to check out new
podcast apps.com
This is a whole variety as a whole bunch of them. But I love
it. Yeah, they really got the Sphinx tribe rockin that's
really working for them. Their bowl after bowl calm.
Thanks, guys. So I'll read off some. Okay, I gotta say this. I
got to give an apology upfront.
To Kyle a bear? Because I pronounced his name, Kyle
Hiebert. Oops. Which is clearly wrong because cow a bear is from
the great state of Louisiana. And so of course it would no
react would have a French Yes, indeed a bear. Call a bear.
And our monthly donors are, Kevin Rola Bob dollars, sir.
Hey, moose. $50 droid works. $20 Scott Jalbert. $12 Mark, gram
$1. Joseph maraca $5 David mitas $10 Cameron Rose $25 Jeremy new
$5 Greg Thomas $5. And then pod verse gave us $50.
In its its founder, Mitch down, he gave us $10.
And then Lauren ball gave us $24.20 and Michael Norman. They
gave us $10.66. And he is doing the Lord's work by keeping the
team's repo updated with all the country by Yeah, that's
fantastic. That's really cool. Yeah, I appreciate it. Things
like that, that people can do to help are so valuable because I
found on a weekly basis that sometimes there's it there's so
I'm so spread out in different repos and doing different things
that I just can't less like it's overload, right. So if something
when somebody does that, and they jump in there and just
like, Hey, I'll do this thing. I'm like, Oh, that's so great.
It's like a breath of fresh air. It's great. Yeah, like Yeah,
exactly. So that's, that's the group. Very nice. Thank you all
so much for supporting podcasts in 2.0. This podcast and the
work that's being done keeping the server rooms warm and
spinning, and allowing us to have a reason for these board
meetings.
You're all doing it. We're just reporting on Well, actually Dave
doing it. A lot of
please go to podcast index.org. Scroll down to the bottom Big
Red Donate button. You can also look at your podcast of 2.0 app
right there. There should be a funding tag, you can tap on
that. And it'll, it'll open up our cookbook portal. We accept
those Of course.
And the best way to support us so the most fun way I think is
to boost boost boost, boost, boost, boost, boost, boost
boost, keep on boosting everybody. Boost here's your cue
to boost. You know, you want to Uh huh.
I like the I like the little ending jingle there that.
Yeah, exactly. When exactly. Did you see pod LP on the coyote?
Yes. Yes. And I have used that. I i've
I used to have a I still have it. I still have a flip phone.
Oh, yeah, that's right. That's I forgot to use iOS for a while.
Oh, yeah, very impressive. I really like it a lot. I when we
started podcasting 2.0 I needed to get something faster.
Just because you know, we're really communicating. But you
can get all kinds of, of apps on it. And the whole point of a
flip phone without a real key without a keyboard is you don't
want to use it because it's annoying. However, to have
podcasts, which I did use when I was carrying it around to have
podcasts on is fantastic. It just Bluetooth to you can do
Bluetooth from from a lot of these flip phones.
And they're cheap, right? They're probably Oh very Yeah,
like 150 bucks. Oh, that's great. And I from what I
understand, they will also be implementing eventually, I hope
the alternate enclosure tag from the namespace to help out and
this is just one use of the alternate enclosure. But there's
a lot of countries where these phones very popular where a low
bit rate or a smaller, less bandwidth hungry file size would
be greatly appreciated. Yeah. James already put that into this
feed. Yeah, no, he was driving and he was driving that totally.
Now for us of course, there's more reasons to use the
alternate enclosure and I'm very excited about my first web
torrent to podcast reception or my first ipfs download. I mean,
I can't wait for this stuff to happen and it's such an
important moment this particular tag to me
I think this is a great this is sort of a milestone within
I mean, I really I don't want to be too grandiose but I think
this is sort of a milestone within all of podcasting. I
agree it because now you have the ability to do so many things
like not just low bit rate alternate bit Ray versions but
you can also explain it to Melissa last night and she's not
you know, she really doesn't care about this kind of stuff
that I was explaining to her you him she was getting excited
about her she's like because I was just like are you can do low
bit rate for feature phones and for for high cost bandwidth
areas you can do flipping back and forth between video and
audio in the same feed item you can do live you know live
streams you can do you know alternate tracks like director's
cuts or accompanying tracks you know, honestly you could put
clips and stuff in there like like source companion supporting
clips you can do with what Alex and Steve b we get we get to
have Steve be on the show yes from
what you can do what they've already proven they just did it
today is showing that you can do the web torrent stuff and so Oh,
he implemented that today.
They were showing it Yeah, there's a there's a chart
showing there a torrent from like every so you'd have like
five people let's just say that you have five people watching a
show or watching a video from in a tube
then then
Okay, well somebody cranks up a video and oh no agenda tube well
then a second person cranks up the video no agenda tube and
they begin to peer with each other and you're getting you're
sharing bandwidth two ways. Then a third person comes out every
extra person watching that video joins the web torrent and it you
can see on the graph the bandwidth goes down as on on
Alex's side as more people watch the same video is mine below who
post who posted this
Steven V and Alex case there we're kind of going back and
forth on it with the on the mastodon Okay, we're doing
testing Yeah. So cool. Wow. Yeah, yes, it will blow your
mind and that is like, that's next level stuff, man.
I'm gonna, I'm gonna put that put a link
That thread in the show notes, all the gray. Because that can
make video actually doable for podcast. No kidding.
It can be so cool. I can imagine that a podcast hosting company
would want to support video. And they could go in and you know,
spin up an instance of a peer tube. And then they could just
host, they could host those videos on peer tube, and a web
in a web torn fashion. And then all of their listeners are
swarming the bandwidth together, and it's not all on the host.
It's just so awesome. Love that love that. I really do think
this is pretty groundbreaking stuff. And so I guess we have we
already have two implementations now. Yeah, yeah. That's, that's
the requirement for the requirement for the namespace
tag adoption is that you're gonna have, we have to have at
least one host that was
committed to supporting it. And one app that's committed to
supporting it. And we already had.
We already had Alex he's with peer tube and James, committed
to supporting it. And on the tag side, and then Steve D. and
Martin, have both committed to supporting it on the app side.
Perfect. Yeah.
Okay. Wow, man. So I need to promote that somehow.
Oh, it's so cool. And now like now it once once the testing is
done, and
Steven and Martin are supporting it and feel comfortable with
with the apps, then we can begin to promote things like killing
it. Yeah. Because it's not such a bandwidth drain on on any
tube. Yeah, Alex? Yeah. Oh, man, it'd be so much fun. Yeah, yeah.
Yeah. Tina and I were.
We're planning.
We're doing our will planning. She's so organized.
Wow, that's way more forward thinking than I have. Well, you
know, we're in our 50s. And the CES time, you know, why not? And
so we're talking to the lawyer on the zoom call. And this is a
connection we have through Mark Hall. He's a lawyer, even though
he's a documentarian, you know, I guess he, I think he does
Import Export law with Panama. And you know, I love Mark I just
talked with about documentaries with him
about his other business.
And he said, you want to talk to her because, you know, there's
lots of ways you can protect yourself or your kids really is
what it is.
And, you know, so Well, I'm just valuing these businesses. You
have a stake in no agenda show LLC and podcast index, LLC. And,
like, well, podcast index is it's kind of hard to value
anything. He said, but you know, I've heard from Mark that you
guys are you are creating the future. It just went on and on
and on and on and on about how fantastic this project was. We
got we got we got big promoters out there. And Mark is going to
be really instrumental in bringing more filmmakers to the
platform. That's really exciting to me to see the video side of
things and music music after that, Dave Yeah. 100% we got Axl
Sir Alex Alex Kirby Alex Kirby
while the
actual but let me just see. It's he's the one he's gonna do an
album right. Abel Kirby Abel Kirby. Yes. I only know him as,
as sir Abel Kirby. I'll give you an example of some of his stuff
here.
Trade
goes
well, this made this a better example.
I don't know what he's doing here.
Was he talking about biting the algos? Yes,
he was wrong. I don't know what that is.
I want to find one that's a classic but he he has chops. He
really does.
And yeah, so he's doing an album with the band, they've already
done their contract based upon value block splits.
So that's gonna translate one to one from their contract into you
know, each member of the band gets x x percentage I'm not sure
what they've done. And he wants to release a do a feed and have
each of the
each of the tracks in the feed and then whatever else you know,
they'll figure out he's gonna pioneer that stuff and figured
out where where it really works and what what the issues are,
can get and guess what you don't need any executives, or any of
that stuff. You just need an XML block. Yep. And
in all the features of podcasts, you mean your lyrics in real
time, your your your cover art, but different art for each
track, you can have a link to something.
I mean, you can have bonus episodes you can have out with
the alternate enclosures you just explain you can maybe have
a different mix. There's so many different things that could be
done. It's very, very exciting. Or a commentary track say yes.
Like the making of this song. Yep. You know, that'd be in.
Here's also where the license tag comes into play, as you can
let you put the license right into your feed. Yep. And say,
here's, here's how I'm licensing this content. And if you find
out that one of the free podcast hosts, as ripped off your
content, you go and Sean sharp. And just a quick thing, I saw a
couple people post about it. And I think it was also a topic on
pod land about having license information for content you're
using in the podcast. Oh, yeah. Yeah, that's I was wanting to
it's unnecessary. Oh, it's irrelevant. It's irrelevant.
That would be like NBC continuously putting on screen
or having a way for you to find out if they paid for the music
in that episode. It's virtue signaling, that's all it is.
There's nothing else to it. But is but isn't there a way like?
So I think what the, if I understood it right, and correct
me if I'm wrong, because I thought it was a good idea. So I
may be wrong. If if you go ahead and pro and put into your feed,
here is my license from this music agents. And here's the
license number or whatever it is, then when their systems are
scanning the internet, trying to find out trying to find
violations, they could programmatically read your feed
and see that you're not a violator before they issue a
DMCA or something.
That was okay. That's different. That's different. What I what I
understood the request to be was provide the licensing
information of content the inside of your show. Not if you
are if you are licensed to use it. I mean, that's, that's not
even a license, you're just saying, see, a license is what
the content creator provides the license. And having the right to
use that in my podcast is not. It is a license, but it's the
other side. So as long as I adhere to that license, I'm in
compliance more like compliance than anything. So it's not a
license tag, it's a compliance tag for a certain subset of
content, then yeah, honestly, you were you're inviting in the
boogeyman.
Well see like, So Sam, had a good use case, I thought,
because he said, Well, what I want to do because he's running
a station, a radio station now and he wants he would say, in
what he's he's using, I think it's booshka. And that system,
what it does is it takes his live stream, chops it up into
into predefined segments based on time code, and then publishes
those things out automatically as separate RSS separate episode
podcast episodes. So he was thinking, Oh, if I had a way to
signal to the world, through through XML through a structured
data in the feed, that here's model, this, this, this podcast
is going to have music in it. And here's the, here's the
license that I bought to cover this content. And that way the
license holders would not, or the whoever has those is in
charge of that would not
take him down or error or, you know, complain about him because
they can see in his car in his feed. Here's his license number,
and he actually did licensed this stuff ahead of time
properly.
Okay, that's not how I understood it. This, this makes
sense.
But if anyone thinks it's going to move music licensing forward,
you're sadly mistaken. I would much rather put our energy into
completely because, you know, you're talking he's talking
about pri, you know, it's a performance license, you know,
that varies just by doing that. ASCAP, BMI, Harry Fox agency
CSAC, they're all going to go Oh, hold on a second. We also
you know, you need a license from us as well to use that
because someone in France downloaded this.
These and by the way, these these Performing Rights
Organizations, they will change your fee rate on a dime. I
choose just like Apple to not deal with them. I whatever
anyone wants to do, of course, is fine. I feel focusing on new
forms of royalty distribution, without any middleman is the
future. Why would we deal with the old stuff? I mean, I like
playing old songs, but now this is not gonna work that way. We
just have to cut it off somewhere. Well, that's that's
why you that's why
You don't do a music podcast? Yes. Why you don't do one is
because you've said before that you've been unable to find any
stretch, any license structure that works properly for that
con. They don't want it.
They don't want it. Spotify is owned, mainly by shareholders
who are record companies, you know, they were all in on the
deal.
And no one's really happy with the Spotify arrangement who was
a creative performer?
No one. So if you were going to go and do, Adam Curry is top 40.
Then podcast. You basically couldn't I mean, they would they
would not, they would either not give you a license or the
license will be so financially prohibitive. No, but you
couldn't do a show. But what would be possible is in the
future, I could say and now boys and girls, here's the latest
track from April Kirby. And I could play that. And I could
have that portion of the show tag somehow, that it spits out
SATs to Abel Kirby. Or I could just put him in that in a value
block for that episode and give him a piece that we pre that we
agreed to earlier. It'll be
podcast, podcasting is not really geared towards
programmatic stuff.
And that's when
that's when all the bands start saying, Yeah, man, I'm huge in
El Salvador.
You know what I mean? It's, it's, by the way, it's a good
idea. Since you have the split right there in the value block,
someone could open up a special boost just to the band.
Oh, that's cool. The bottom line is when you get really stringent
and tight, which is the old world system with exact rules
and regulations. It bogs everything down. And here, it's
just Okay, let's forget about the traditional stuff. And let's
just do it on value for value. Everyone makes more money. This
is my takeaway. You will long term you will make you will do
much better, and it'll be much more satisfying. By the way, I
think I may have figured out
a way to crack the paywall the universal subscription nut.
And I'm pretty got to give it some more thought that somebody
Daniel Jason Lewis brought it up on the on the get on the repo
for the namespace, like a weight to do sort of a universal
subscription mechanism for podcasts. And think, I think I
may have figured it out. It's it's hard, but I want to
probably talk about on this show because it is one using any
currency or or only SATs or paper. Any it will be any
currency the fastest would obviously clearly the fastest
would obviously be sad, because it's just boop boop, boop,
you're done. And you're done. Right? But But this, you could
fit this model. And I'm just thinking of it as a as a
structure of how a podcast app can interact with it can see
something in the feed and then know how to interact a bit to
make that subscription mechanism work. Oh, okay. I've got I've
got a get a sheet of paper right here with it all drawn out. And
I think it will work. I just wanted to, I think I'm going to
try to run it by somebody this week to make sure that I'm not
if there's not some huge hole in my thinking, but I think I think
I've cracked that nut. I just want to just add one more thing
to the Performing Rights Organizations. The way that the
way they do this is for if you have X amount of downloads and
you can't do this with ASCAP BMI, you can do it with bu ma
stem ra in the Netherlands. pri you know, everyone has there are
some web based licenses. very stringent. He can't you know,
it's the streaming that streaming playlist is what the
most recent kind of
licenses were created for. And and you have two very tight
reporting requirements.
But the way they do it is they'll say, okay, you have
50,000 or it's more like 10,000 Max, and you pay maybe 500 a
year, you go over that then as a percentage of your of your
revenue
to Oh, yeah. And that's huge. Well, if you have a bar Just so
you know, a restaurant and you play music, you will get ASCAP
BMI in the United States, knock on your door saying, Okay, how
many people come through here a year? All right, that's great.
You play music, so we're going to charge you $800 a month.
Dang, I had no idea that you would get that in a restaurant.
We went to we went to the conference. That conference paid
a large sum for all music being performed publicly.
I've seen that I've seen inspectors from ASCAP BMI type
organizations, at public events instead.
Excuse me, can I mean Can I see your license?
No license, oh, we're gonna send you a bill plus a fine.
That's ridiculous. So so you can't really you couldn't. If
I'm a restaurant, I can't just turn on the radio, if you are a
workplace with more than three people, you have to pay a
license fee. If you have like a workshop where you have a
garage, and you've got the radio playing, they will come by and
they will tell you you need to pay. So you so if I'm in my
office building, I cannot have a Spotify subscription and pump it
over the PA system. No, sir. 100 employee knows no. Well, you can
until they find out. Yes. Geez, I had no idea was that
restrictive. And so if you think that you're going to have fun
creating something for these guys to know that you're legal
brother, I that's why I don't do music because I don't want to
deal with it. And I've been very patient and it's coming and it's
going to happen and we'll get there. But it can't be the
existing infrastructure. It can't. That's that's that's the
thieves they are thieves. I share your share your despair.
Now that you understand the parameters in the real world,
these guys are everywhere. It's not just the radio and
television and podcast is everywhere. Every single place
you play music
openly for people.
You You can and you will eventually get a visit.
Yeah, that's that's that's no good. That's no good. That I
mean that, you know that that falls under the category of owl.
I don't mind doing it. But But I don't want to I don't want to
have anything to do. I don't want to try to implement it
myself. But in general, when I listened to the industry,
talking about podcasting,
it's pathetic. Everyone, like we have an award show. We have
multiple award shows, we have him all this infrastructure
trying to be like the mainstream, trying to in fact, I
think many people create podcast to become part of the
mainstream, which, honestly, is a great way to go particularly
in the true crime.
arena, you know, you have a good story, you can sell that story.
They turn a podcast into a Netflix miniseries, I mean, for
sure. But
everything is, you know, how do we how do we make make it so
advertising works? How do we make it so that you've got
networks and each seeing, like that story about the podcast
house?
And Vox magazine, I think that seemed like a hit piece on that
one, dude. But the problem is that podcast networks like I
heart and even Spotify to a degree where Spotify will have
the same problem.
You have a lot of different shows. And what are you
promising revenue and exposure? I know this because I did this
and I failed at it. And I know why. And it's not because we
were not good. It's because it can't be done. You cannot
monetize a network like that not not an open system. And even
Spotify will find that the amount of bullshit you get from
people who are not the hits, you're gonna have two hits out
of 200 shows, and everyone else is gonna be unhappy. I didn't
get the promotion. I never get the big I never get this is how
angry podcasts are talking. I never I never get to be big
advice. How come she is in there? How come? I'm not on the
cover? Why am I not in rotation?
Then you become part of the whole damn slave system. That is
the mainstream media and people are walking right into it. I
hear all these podcasts. Oh, and they're their friends, their
colleagues. We're working together on this stuff, but I
hear you, you are still going after the old way of doing
things. And when you talk about Apple and Spotify as the big
boys, fuck that noise. did not. And now Facebook, Paul,
everyone's all jacked. Facebook's gonna do podcasts,
okay?
That I'm not so jacked about that. Honestly, I also don't
think it would be successful for them. But if they want to use
the namespace and the index, I'll be happy as long as they
return value. And then that's when and then when the network
fails. They write articles about you in Vox media.
Exactly.
So it comes right back around. That's value for value.
But do you know what I mean? Yeah, I'm just I don't want to
sound negative. It's just it's the same thing with Apple. Fuck
apple. I'm not gonna use out, you know, and it's my life's
gonna be completely as convenient. Oh, but every single
time I look at Tina, who has a beautiful iPad Pro,
just, you know, a great, great machine. But there's all this
stuff that she can't do. can install can't look at, like,
Yeah, I don't want that feeling. But I think that it's the same
feeling you get when you're into the big coin.
ecosystem for a little while, you begin to see that there's a
there's another way. And it makes the old way looks so
frustrating, archaic. It does, because if you think about it,
okay, maybe you don't believe in the whole, maybe you don't
believe in the corn or whatever. But you have once you're in
there for once you're in the system, let's just say you have
a source of, you know, SATs available to you.
Then all of a sudden, everything is just so easy, and it makes so
much sense. And you're excluding an F, all of the other people
trying to beat down your door to demand money out of you just
sort of disappears. And, you know, that's, that's this.
Is that article, the one that that was written a while ago. As
is.
See the junk? Yeah, here it is. On Sunday. Boo. Kaley is the
president of El Salvador tweeted that a, quote, huge chunk of
that $6 billion of remittances is lost to intermediaries who
take a cut of the financial transactions and dollars. Yeah,
exactly. That's the same thing in, in podcasting, and all media
in media. As somebody who's got their hand every step of the
way, somebody's got their hand in the cookie jar. And by the,
like you said, your your adage, is the, you know, huge amount of
money goes in one end of the pipe and four months later,
pennies trickle out the other side. Yeah, well, that's no 40
at 48 months later, 48 months later, you may get a few
pennies. Yes, we don't. I don't think anybody wants to. If you
look at that, if you hear that description, I don't think
anybody wants would say, Oh, yeah, let's do that. With
podcasting. It sounds great. Well, it's all
disintermediation, you know, my my phone, I can talk directly to
the developers who are making it I can also compensate them
directly podcasting and we we obviously know that
especially, you know that there is ultimately a direct app to
feed connection. Bitcoin same way what is what is Bitcoin
trust without an intermediary? That's, that's really the big
deal. And that's the world that's the world we live in. No
one really talks about it because if people start to
figure it out, and in the United States in particular, we are an
intermediary culture. Like, now my neighbors
music is too loud. I'm going to call the cops.
There's always someone we're calling we're always calling a
lawyer or calling or this or that. I love this.
disintermediation, get get get the good people out of the
middle. I like that. I like that term better than
decentralization. I like disintermediation. And yeah,
that's what it is. It's just fun to say.
It rolls off the tongue easier. Yeah.
What else you have in your list? Dave? Oh, I got like three or
four more things that I want to do that the next year. We got to
get out of here. Yeah, we have we got a call. We're actually
doing a call about that. Oh, yeah. Yeah. Oh, yeah. A rare
meeting. Well, I don't know if it's a meeting and I'm just
gonna say hi to somebody.
I am so bullish I've ever since Bitcoin 2021.
It just feels like there's traction.
Even though here's the here's the main thing that that can be
used. Even though it's not that important, really. But this
coming up on 4 million feeds. And we still live in a culture
where Oh my god, they've got 4 million podcasts. We can use
that to our advantage. Now, it seems to impress people.
It does it people like oh man you guys are kicking ass you
really get but we do we have traction. And remember for all
of you podcast app developers out there and for everybody
really who's who's developing YouTube can be making money
right now. And yeah, is it is it drips and drabs short.
All that needs to happen is we just need to have more people.
The flywheel is spinning. It has not stopped since we turned it
on. We just need to heat it up
and start buying more search ads in El Salvador.
All right, then let's close this board meeting. Everybody. Thanks
for attending. Dave. Have a great weekend. My friend gave a
second board meeting closed. And that's it for podcasting. 2.0 we
will return next week on a Friday looking forward to it.
Have a good one, everybody. Until then, bye bye.
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