how else would you get equality how else would you get you know fairness like what would happen to the people that are left behind right well i think i think that we that's like essentially the main proponents of democracy are like look like there's massive wealth inequality Democracy fixes that, right?

Yeah, I think that we rely a lot though on someone else. Like wealth inequality, if we had a nice naturally incentivized monetary policy, like a Bitcoin standard, let's say, wealth inequality would be, first of all, like leveled out just by the nature of the value economic system. You think it'd be much better than where it is stands today? Way better, but because it would be more decentralized. But even further so, investing stops to look like fiat gains number go up and it starts to look like building the world that I want to see. And this can, you know, obviously pose problems. If enough people want to see a bad world, then, you know, they will spend their money on making bad world things. I believe, and this is probably where my optimistic, you know, puppy dog nature comes out, but I do believe that humanity is good. I believe that we have more good in us than evil. As a Christian, I believe that, you know, God has the ability to help us see the benefits of good. And I would love to think, and I think others would join me in thinking, that with monetary equality, meaning everyone has access to the same ability with a value-based, you know, monetary system, they would also start investing in a good world. And you actually probably, one, you want that, but you also want, you want people incentivized to, we're not incentivized to make a good world right now. We are, we are all being stolen from by, you know, inflation, but even deeper than that, we're being stolen from by a third party in fiat, in fiat money. And when you don't know who is stealing from you, it looks like your neighbor. It looks like your, your brother. It looks like your friend is stealing from you. And you're being punched in the face and you just can't figure out where it's from. And so you just start swinging. And when you start swinging, you go into, like you said, this self-preservation mode and you have no ability to look out further. You have no ability or desire to try and fix the world because you're just so focused on maintaining what you have. I think that the future of politics, or in my mind, lack thereof, it doesn't look like a democracy like we know it because it doesn't need to be. The problems that existed, the reason democracy is here is because money was centrally controlled. We have never seen an opportunity for a society to work with an openly fair democratic money. I just think that we have such a cool opportunity to adopt the principles of Bitcoin, you know, rules, not rulers. Like, I don't know why we don't vote on multiple things like voting. vote on Twitter like nine times a day with a poll, we can probably get smart enough to figure out how to, you know, have individuals in a community campaign for certain things. You know, like I live in a suburb in Alberta of like 100,000 people. Like, it shouldn't be hard for me to say, guys, why do we have grass? We should have fruits and vegetables here. So

what you're saying is essentially Bitcoin essentially fixes democracy. It's not necessarily, it's not necessarily that Bitcoin gets rid of democracy. It's that democracy is broken because of fiat and it's essentially misaligned the incentive structure.

Maybe said differently, Bitcoin actually enables democracy where right now I wouldn't call what we have right now democratic. I don't think it's democratic at all i didn't vote for a carbon tax like actually literally right now then there's a brand new prime minister that came into canada yeah he uh he's just got in on sunday and um he is never once been on a ballot sheet never once been elected at all uh the people voted for a party yeah then the party leader was like... Appointed. Yeah, he was garbage and he left. And then the party leaders appointed someone new. And he's, by the way, a global essential banker. Like, it cannot get any less democratic than that already. But they're like, oh, this is democracy. Like, you voted for this. I didn't vote for this. I didn't vote for you to shut down the truckers' bank accounts and for you to, you know, lock me in my home because I didn't take a medicine and for you to, like, put a diaper on my kid's face. Like, no, no, no, no, no. I did not vote for this. And so what is, you know, a democratic system if it's not having the ability to vote on the things that are deeply, deeply important? And like, can we even call a world that has mass, you know, mass restrictions put upon it in the name of safety. Can we call that democratic if they can just play the safety card? Climate emergency, medical emergency, we're just giving them, I think they've taken these godlike powers and removed our democratic powers. I think that Bitcoin kind of throws everything back in the middle. I think we have an opportunity now to regain our democratic powers from what has been taken. Yeah, absolutely. I mean, specifically, if you take self-custody,

if you take self-custody, you're reclaiming back your financial sovereignty 100%. You're empowering yourself and you're empowering your family. 100% agree. And it's going to be very interesting to see how this plays out. It's going to be because it's a pivotal moment in human history, really. We're seeing the balance of power shift from the state to the individual. The individual just haven't realized that yet. They don't realize how much power they're really taking back once they take self-custody. It's going to be an interesting phenomenon to see how they try to stop it. I think that this previous election in the United States, I think the stakes were so high because I think both, and again, you know, both parties are not monolithic, right? But I really do believe, like, if you look at one party, they voted essentially for a central bank digital currency. You look at the other party, they're like, oh, Bitcoin, right? Like, it was like, you know, fork in the road, which way are you going, Bitcoin or slavery type of thing. And I'm glad that we went in a certain direction. But again, we're only four years away from essentially that being reversed. Right. So it's very, very interesting. Now, I kind of want to circle back to something that we were talking about earlier in the conversation in regards to essentially us being early and the price. Right. So, you know, this year, like I was saying, it's been underwhelming. You're anticipating 500k Bitcoin. And I think my question to you is like, is Bitcoin going to be boring heading into the future? You know, it's very easy for us to be like, ah, you know what, like, this is great. Yeah, I mean, you know, we've been in, we've been at this for a couple of years. What would you say to someone that was just getting in and they're seeing Bitcoin and they want to improve their lives? What would your response to them be? Because they're looking at a lot of the meme coins or a lot of these stocks that has more volatility. They're like, why should I? This Bitcoin thing is boring. The best days of Bitcoin

are behind it. Certainly, I think from a dopamine level, the best days of Bitcoin are behind. And that's a feature, not a bug. I think that if you are coming into Bitcoin because you want maximum dopamine, you're probably not quite ready to be in Bitcoin. I call the altcoins the crypto casino. And there's a reason nobody who's of sound mind takes their paycheck every two weeks throws it on red and just sees what happened right no one's going to the blackjack table thinking i'm going to work like i'm a blackjack pro i'm gonna it's like no no luck of the draw you get the cards you can know when to place big and and when not to you can play probabilities to your advantage but you do not have the ability to determine when the card is going to hit and when it's not. And I think that as Bitcoin becomes more boring, it only becomes boring because we have a group of people that collectively believe that the casino, like I used to love, you know, gambling on the football games and playing cards with my friends, like very, very fun. I used to get a rush when I played with more money. And I don't anymore. Now I just love the act of doing it. I don't need or want to bet big to win big. Because I know the risk and the cost associated with that. If 1% of the generation before me thinks this way, Maybe 5% of my generation thinks this way, but we're all having kids right now. And so probably 50% of the next generation thinks this way. And then they're going to have kids and probably it's 80% after that. And during those generational transfers, dude, they're going to line up with the monetary supply basically unchanged. Bitcoin is going to be boring. Bitcoin is going to be the GDP. Like that's, that's just what's the market cap. It's like, what's the GDP of the

world? Do you agree with Saylor's prediction where he's saying $13 million base case by 2045? Um, I mean, I don't think Saylor has the missing variable here is how

much money will be in existence. It's like, I have no desire to predict 20 years down the road because I think 20 years ago, you could have never predicted the M zero, like the base money supply quadru... In Canada, it quintupled in an 18 month period. Like who's predicting that? And what if that happens twice more in that same timeframe? 13 million? No, no, no, no. It's like a hundred million. So yes, like it's going up because the politicians are in a state right now where they print or they cause, you know, mass catastrophe and failure. And I think that's something that we often ignore as Bitcoiners is the only way that's kind of the game theory playing out, but the only way out of this is by holding an asset that's better than the sinking ship. The sinking ship is the money that everybody currently, the entire system is working on a sinking ship right now. You know, we've heard the analogy, Bitcoin is the lifeboat. When you run out of lifeboats, when they get more expensive. And yeah, I just, I think that without question, number goes up for the long period, but eventually that stops because we, as a society, just get so much healthier with our finances investing will be a word that does not mean the same thing in 50 years

100 because essentially the way that the system works now right and i want to talk about essentially the root thing that bitcoin fixes right essentially the way that investing works now is you have to you're forced to invest just to maintain your purchasing power

yeah which is absolutely lucrative but if you want to identify the root cause and also, just quickly, that all sounds fine. If that was the case, it's like fine, just to maintain. I have to invest so I maintain, fine. But it comes with the risk of losing. You have two situations. You either hold or you invest. If you hold your guaranteed loss, if you invest, it's 50-50, lose or gain. So you have, of the three options, two-thirds of those options, you have a 66% chance of loss and only a 33% chance of gain. Of money

that you worked for. Dude, pay taxes. Right, like, and I think the, essentially the root cause, right, is inflation. Yes. Bitcoin fixes inflation. The more days that Bitcoin survives and the price goes up, it not only proves that money can exist without inflation, it actually proves that money could be deflationary. No, it's not the correct technical word, but just for the sake of the conversation, I think it describes it, right? Everything essentially trends to zero towards Bitcoin. It's a very interesting phenomenon. You adopt Bitcoin, you start feeling those benefits. Everything starts getting cheaper, your time preference starts getting larger because you're just like dude like you know i'll just wait a couple more years and that thing that i want is going to be half off essentially yeah man so what has inflation in your eyes as a bitcoiner class of 2013 what

has inflation done to society i think it misaligned incentives so poorly to the fact that it has created an invisible force, which has eliminated the opportunity for fairness and prosperity. And I think that when you look at a family unit, the smallest form of community, which is, call it even just a partnership, a husband and a wife, that is designed to be in such a way where you have the ability to think about your future. And you have the ability to understand and think about what your goals are, make strides towards those goals, and then either achieve or miss those goals, but on your own accord. And probably in that, some of it is kids. But now, you know, your goals probably include a certain number of hours or a certain dedication to a cause. And so as a result, you know, for half the partnership, usually the female variety, you're forced to choose, do I want to, you know, be a part of those goals and contribute because you know, hey, we decided we wanted to travel like this and have a house like this and drive a car like that and have a lifestyle like this that's not attainable anymore like we thought it would be so now i have to you know either enter or re-enter the workforce and so you know you make it work and you know thank goodness the government's here and and they and they gave it the uh so there's maternity leave and there's systems set up and and all the you know regulations and like good i'm pro i'm pro like equality in in in that way but now we have a generation coming into the world which no longer has the luxury of you know a caring individual at the home who is um you know making good food educating in a certain way and so you know last generation what was it it was like well we're just going to eat out a little bit more, right? Our food can come from a box, no problem. So we get a little bit, you know, unhealthy. And so, you know, that creates an incentive to make quick dinners that taste good. And who cares about health? So boom, like fiat food, like there's the apocalypse in in health. And then now what we're seeing worse is i don't have time to cook i don't have time to clean and these kids are driving me crazy i don't have the ability myself to even think because i'm you know busy at work and doing all my stuff so i dumped the screen into a kid and these you know eight month old two-year five-year kids are buried in their screens from an early age so So we're at the point where their dopamine is up. They don't ever properly learn how to, how to think, how to be bored, how to have an imagination, how to, how to be a kid and how to, how to develop their brains in a certain way. And so that that's this next generation coming in. And, and even like, even me, like my, my parents were, you know, relatively good with screen time. We are like at our house, we're super strict on it, but my brain is fried. My dopamine receptors are fried because of the dopamine that I receive as like a 30 year old man. Like, what does that do to the six year old? And, and, know, it's so often like, oh, your kid's crying? iPad. Your toddler won't sleep? Show in the bed. No problem. So what has it caused? It's like, what didn't it cause, man? Like, as a result that we have a broken monetary system, we have families that can't support themselves on a single income which forces you know both you know parents into the workforce which removes um the attention from the child reliance

on the state yes

exactly like so now i'm on food stamps and and like you know it's just where does where do we end like we end up like wally yeah i mean the

the it's it's very dark it's we end up in slavery like essentially that's what it is like i mean like it's essentially a coercive system it's a system based on theft yes um most people don't see that and if it's a system based on theft it needs coercion in order to function and the more theft occurs the more tyrannical they become like i remember there was this law that was passed or they tried to pass it during the infrastructure bill um and essentially was monitoring every 600 transaction had to be reported to the government crazy

meanwhile

you know doge is getting in there and they're just discovering all this type of misallocation and just blunt fraud right that no one agreed was you know a good idea to spend on and you know essentially they're screaming bloody murder they're saying like how could you audit the government? So like let me get this straight They can audit you at any moment if not you go to jail, but the moment you decide to say hey like what are you doing with my tax dollars? Like you can't know who do they work for?

Yeah, who is there been installed to protect and surf?

I think as long as it's a fiat standard, it's a government by the government for the government. And I think that's really what Bitcoin fixes. It aligns incentives in society again. And that's a really, really beautiful future. And I think that's what we're fighting for.

Dude, it's crazy. Just quickly on that. It's crazy how politicized the DOGE, like the Department of Government of History is. Like it's wild to me that there are just facts. Like here's the receipts. Here's the problem. Here's the receipt. And half the country is like how dare you it's like regardless of who this is like i was in a chat with some friends and they were they were talking about this and he was like don't think you wouldn't be skeptical if it was biden or if it was trudeau on the other side of the doge it's like sure be skeptical But when someone comes with a receipt and says, here's a fact, here's a problem, we got rid of it. That's a good thing. I don't care what your last name is. That's just a good thing. I think, unfortunately,

a big percentage of people are essentially consuming legacy media. I think legacy media is able to paint a very, very different narrative than what's happening. If you meet someone who consumes legacy media as their main source versus someone who does their own research, like on X, YouTube, Rumble, whatever platform, Noster, Protocol, they live in totally different realities. And you can tell within a

minute. Yeah.

They live in totally, totally different realities, man. But the future is bright. You know, Bitcoin fixes these things. I think it's going to be a hell of a fight. And last question I'll ask you, Adam, is what is the future of Bitcoin? Well, man, like, what are you planning on, you know, five years down the

line, 10 years down the line? i love that i love dude i love thinking about 10 years down the line because that's when that's what we're building for like i think i've got i've got four kids i've got an eight-year a seven-year a five-year and a three-year and when i think 10 years down the line they're they're all teenagers which which blows my mind and they're all going to need to be meaningfully interacting with the world and with the economy and we're building a world where they never once have to think where's my money because they have some because they're working and producing in the world but also they have custody of their money but they can still interact with the real world interact with the current world i know that three years ago we had maulers on stage like at the bitcoin conference you know super jacked up we're gonna you want to go to Chipotle and Walmart? Like you do that, pay with your Bitcoin. It's like, that's not coming to USA for decades. Like we are so far away from corporate America, adopting Bitcoin in any meaningful way. I went to El Salvador, I was surprised at how well it worked. But also shocked at how little anyone knew about like, it's like, you know, listen to this, Puerto Pagán con Bitcoin. There's my Spanish. And it's like, get the Bitcoin phone. Someone's got to get it dusted off, like, turn it on. Oh, it's out of batteries. Let's plug it. It's not a good experience. No one's using it down there. And that, you know, up until recently, it was legal tender. It was like part of the thing. And so we are so far away and I want to build a platform for the early adopters, for the ones that are class of 2030. When you're still very early in 2030, I firmly believe this. I want to build a spot for you to have to be a Freedom Maxie. You like our mission is to enable independence. You should have the ability to hold and control your money and be able to use it. And, you know, we're currently in this current system, we have a dilemma. You can either hold your money in cash. That's the only way you can hold your money. Or you can use your money in a bank. I don't know about what it's like here, but I know that I got a really hard time paying for anything in Canada with cash. Like you can't buy a car with cash. You can't buy, obviously, a house with cash. I went down the street from the office to buy a sandwich with a $5 bill. They were like, we don't take 50s. I was like, what? The sandwich is 13 bucks. You don't have $30 to give me back? This is ridiculous. And so when you're forced with hold your money or use your money, you're obviously going to choose use because holding you can't use. And it creates negative incentives. And so I want to build a world and a platform that allows people to hold and use their money and that means we're a conduit to the you know traditional fiat world if you want to pay your credit cards with bitcoin no problem you want to send money to your friend no problem you want to uh you know have your paycheck deposited and then and then buy bitcoin and send it self-custody no problem um but we're doing this the hard way because I'm building this for my kids. Like, you know, the user growth and stuff, we're public, like, you know, our investment would be very unpleased if I only thought about the 10 years. So obviously, we're working very hard to make sure that, you know, numbers go up in the short term. But at the end of the day, I'm building a platform that I'm going to be very proud that my kids use. Not because, you know, daddy built it, but because it's just the best platform to have the ability to interact with the fiat world through Bitcoin and self-custody. Amazing.

Amazing. Well, Adam O'Brien, thank you so much for joining me on Simpshire Bitcoin IRL. Appreciate it, bro. Appreciate

it, man.