You know, if you've looked at big cycles and things like you know, the fourth Turning for example, right, you can see how like the generation that we have today, obviously being shaped by those experiences, has a distrust for these legacy institutions, the centralized institutions. It's a very like insiders club, and if you're not in it, you're not going to be able to do anything to change that system.
So that pin provides a system in which you can build in parallel and build a competing financial system and arguably like a system through which to coordinate economic activity. People are out there building a parallel system. They're not living in fear like, they're just out there doing it. The statistics on the CDC website it is acidine that we're forcing children to wear a mask. A bitcoin waste energy, Well, what's a waste Like one man's trash is another men's treasure,
isn't it to measure value throughout economy? You you distort economic decisions, particularly capital allocation can So it's a good argument to be made because we've the money by going off of sound monetary standard and completely detaching ourselves one just printing money out of nothing, pretending like there's going to be no consequences that you have a massive miss allocation of capital. Well, a tensions ineering and all time high, and the fears of the dollars reset, a currency collapse,
and the Great Reset are all looming. Of course, people's feelings of fear, uncertainty, and doubt about the future are running at all time highs. But there is hope. There's a new system that's being built in parallels, being built alongside the legacy system, and it's attracting some of the smartest people in the world to come and build, to
transact and conduct business. Now, today I'm sitting down with Marty ben to spearheading a movement to fix some of these legacy systems that are broken, including education, energy, and
even the environment. Now we discuss a wide range of topics, including how the events of nine eleven and the great financial crash of two thousand and eight really shaped the worldview of these young adults, how the legacy systems have evolved to work against people's best interests, and how by fixing the pricing system of the world, we can fix almost everything else. Now, there's so much good stuff that we covered here, So let's just go ahead and just
jump right into it with Marty. Hey, everyone, welcome to another episode of the Market Disruptor Show. And today I'm sitting down with Marty Bent. He is the host of the Tales from the Crypt podcast and he's also director of business development for Great American Mining. Um. He's a lover of liberty, a patriot, and a freedom maximalist, will say, And so I want to dig into some conversations. Episode ex had to have you, Marty, Thanks for joining, Thanks
for having me Mark, I'm excited for this conversation. Yeah. So, um, you know, as I was kind of saying before, you know, you know, seeing that content you're putting out, which is a lot obviously hosting the Tales from the Crypt podcast, And I know you write the newsletter. You've been doing that for a long time. Um, and I think, uh so, anyway, I've been falling for a long time. Why don't you just tell everybody else kind of like what you're working on so they get an idea before we kind of
dig into this. Yeah, So the podcast, it was an extension of the newsletter. So I started the newsletter Martys Bent around this time in seventeen June seventeen so about almost four years ago, exactly less than months, three years and eleven months ago. And I started that because I was known throughout my friend and family group as the the bitcoin guy, because I'd been falling down the bitcoin
rabbit hole since when I was in college. And around that time, in twenty seventeen, the price of bitcoin was going up, the price of all coins was going up, and everybody in my immediate circle was like, all right, Marty, what the hell is going on here? And it was just the deluge of text and emails calls, and I was like, all right, this is getting overwhelming. I'm gonna write this daily newsletter. Marty's bent to in and date you with a little bit of bitcoin information, day by day,
daily newsletter, five days a week. So it started out as that, and I started posting the newsletter to Twitter with links, like all right, I'm gonna send this my family and friends. Let's see if the Twitter verse likes it took on a life of its own. Got introduced to a gentleman at Barstool Sports, the big media company here in the Northeast, and it was talking to him, introduced him to my newsletter. We were talking about bitcoin, and he convinced me to start Tales from the Crypto podcast.
So that started, I believe early September late August, and again that was an extension of podcast. People were liking the written content, and so I started Tales from the crypt to give them some audio content and to introduce them to people building in the bitcoin space and whether it be code at the protocol level, apps and building theses around the economics innovation around bitcoin as well in the monetary revolution that it that it presents the world.
So I did that for a time and then around the beginning of eighteen a goat introduced the team at Great American Mining. They told me what they were doing with their mining operation. I was working up our stool full time at that that point, selling podcast advertising UH to two Barstool's network and using their studios after hours to record Tales in the crypt and decided UH that I wanted to come. Even though working for barstool is a really cool experience, it's something that a lot of
the new asset as well. Lots of ways you can do this. UM and Block five is the company that I recommend. Down in the description, I have a link that you can click on if you choose to use that link. You can earn up the two U fifty dollars in bitcoin just for using that link, So check out block Fine. Now, men my age particularly would killed
to be in that position. But I was truly just drawn towards bitcoin and Grant American Mining presented an opportunity to go work full time outside the podcast and the newsletter on bitcoin. They sort of jumped at the opportunity. Uh, and here we are today. Grant American Mining was I wouldn't say quasi stealth mode for for a couple of years until we nailed down our exact path towards scalability,
finding abundant and cheap energy. And we've been uh moving pretty quickly over the course of the last year, particularly to to scale up our operations and um, good mind as much big horn as possible. So yeah, I have a weird career or weird uh way of making money right now, which is writing a daily newsletter, have this podcast, and I work for this mining company as well. Yeah, well it's not weird. That's how that's how it's done
these days, right, that's the world. The world's changed. So um, you know it's interesting and I guess it's not weird necessary from our perspective, but maybe from the outside looking at it is. But it almost seems like um and you could probably talk to this, but like in the hand around novel of you know, Atlas Shrugged or in the movie if you've seen it, you know, where it's like all the productive people in the world where like
disappearing to go like start this like new system. And it seems like we've seen like this mind shared like all moving towards like this new technology, which I guess isn't that um alarming. A new technology attracts all the best people. So whether that was the Internet or whatever it was, UM, and so it's attracting all these people.
But I think, and I'd like to get your opinion on this, but it seems like maybe it's like the bait and switch where they come for the tech or they come for the for the money, UM, but then when they learn what it really is, it kind of changes their mind and they just start seeing the world differently and they start seeing like solutions differently two problems and stuff. I completely agree and from it, I mean, many bitcoiners will say they had the same trajectory, but
I did as well. Speak for myself. I was working at a managed futures fund in Chicago. I studied economics in college and intern at this managed futures fund in the West Loop and UM basically part of that job as an analyst, we we were actually a fund of funds, So we index commodity trading advisors into a fund of funds, and many of those indexes across the business that we went out and sold to two investors. And part of that was doing due diligence on the c tas that
we index and then their trading strategies. And part of that due diligence was understanding how markets were moving and the markets that c t a s trade, particularly or commodities markets, currency markets, equities, futures, any futures market you
can think of. And so that entailed me following central bank announcements how currency exchange rates were fluctuating throughout time based off of UM, macro economic factors, central bank policies, YadA, YadA, YadA, and and just through that process alone, a really at a young age came to realize that these experts, particularly the central banks are bankers, really didn't have any idea of what they were doing they sort of just throwing ship at the wall to see what sticks, and that
really didn't sit well with me. And at the same time, I was discovering bitcoin in my free time while still in college and learning about monetary policy. I think literally stumbled into bitcoin just randomly googling obscure monetary policy or something like that and stumbling upon people talking about bitcoin's
perfect monetary policy inforums on the Internet. And the juxtaposition of the transparency of the Bitcoin ledger and its monetary policy, uh, next to what Janet Yelling uh at the time, who was ched FED chairman when I was working at this fund, was doing, and how the markets were basically moving based off of the color of the jacket that she wore during press conferences and stuff like that, and everything they
were doing was very non transparent, uh. And so that juxtaposition is what drove me, and this sort of stability and transparency of Bitcoin's monetary policy compared to what Jane and Yelling and crew we're throwing out there. And so yeah, I came into it just from a purely geek perspective of this is like a unique sound monetary system experiment.
And then as you mentioned, as you dig deeper and you understand the distributed nature of the protocol, how it's geographically distributed, how proof of work works, how you come to consensus in the ledger, and how UM and how it enables individuals to to make transactions and ap pear ap pear fashion. You go, WHOA, this is actually bigger
than money. It is it is a way to coordinate and coordinate directly with with other peers that can't be censored, and that is something that is desperately needed in this day and age. And so that's that's how I fell down, and I was radicalized before that, I think I was searching for something like bitcoin, being seventeen in two thousand and eight when the Great Financial Crisis went down, UM and really diving into the TARP bill with the professor and that I had in high school. When I was
going down, it was like, this is messed up. Um, I'm a child at nine eleven and going through that whole experience, and it's coming to find that maybe the pretenses for going to war with Iraq where we're fabricated and just really a lot of distrust in the the expert class and the traditional system, and Bitcoin provides an incredible way to escape the tyranny of this very i
would say evil system. At the end of the day, it may not be overtly evil in the in the sense that the people running it have evil plans, but their implementation on their plans turns out to have evil consequences. Yeah, some interesting things that you said there, if we can unpack. But um, the last kind of part just kind of mentioning that you know, child of nine eleven and the great financial crash of two thousand and eight, etcetera. And
it's you know, it's interesting. Yeah, it's it's not surprising if you're paying attention. But um, you know, growing up under those different circumstances of course shapes your worldview and so um, you know, if you've looked at big cycles and things like you know, the fourth Turning for example, right, you can see how like the generation that we have today, obviously being shaped by those experiences, has a distrust for
these legacy institutions, these centralized institutions. Um, but also want to enact change, which is, you know, one thing and then we have a brand new technology, which of course a younger generation kind of grabs onto as well. So it's like definitely we have like the catalyst for like
major change right now. Um. But I would say going back to kind of what you're saying about, looking at the Central Bank and the Federal Reserve and um, the Fiat money system and like the centralized you know, legacy system of Fiat money, and it's really started to like
spread over into everything. So we've seen like you know, centralization of now the education system, you know, health and food media of course, and it's almost like these like distorted policies have made their way into all of that. Now do you I guess, I guess do you think that's happening like it's it's growing or is it that we're just becoming more aware of it and seeing it all over there? Yeah? I mean I think it's been
metastasizing for decades now. It's just becoming impossible to ignore of how pervasive the the corruption and the the distortion
of reality has become. And I think bitcoinners, a lot of bitcoiners, I'm not gonna say bitcoinners in general, but a lot of bitcoinners, particularly those who believe in sound money and particularly as a way to efficiently allocate capital, would would say that the fact that we have this vat monetary system that's running buck and allows you to print money ex nihilo and just allocate it, not you allocate, allows the central planners who who print the money x
deal to allocate all over they see fit. It leads to a distortion not only in the pricing mechanism of the currency at play, whether it be the US dollar, euro, Juan, yen um, but also that that disruption of the pricing mechanism leads to a miss allocation of capital that then leads to a miss out allocation of incentives or creates the conditions for preserves perverse incentives to arise and leads
to a bastardization of the economy at large. Just beyond the monetary system, as you said, leads into education, housing, coding that goes into housing, and how towns are built out, suburban areas are built, leads into everything. Yeah. Yeah, and I think it's easy. You know, most people can see that there's like wow, I don't know, it's like it seems like obviously there's a lot of people that see
there's something wrong. I mean, we see this populist uprising, which again is indicative of kind of like this this fourth turning or when you know, civilizations change, and we had before pre COVID there was I think eight countries that had like a million people each you know, marching or whatever. Um that was kind of shut down a
little bit. But it still seems like we have half the people that are like still gung ho about all this right, Like it's pretty pretty divided and and it it seems pretty shocking, like how do these people not see like this path that they're going down? It's a mass psychosis. That's actually the newsletter I'm writing today is like are we h are we currently enthralled in in the middle of a mass psychosis? And what is it
being driven by? It's being driven by I mean fear, right, Fear and uncertainty leads humans to act in very regular ways. And the people that find themselves in places of power and the political sphere of the media sphere and the monetary sphere, and like the expert class fear of the education sphere UM are leveraging fear and uncertainty the apparatus of the media, particularly to spread that fear and uncertainty
too cattle herd the mass, you know. In in interesting you say that psychosis UM I was listening to a podcast a couple of months ago, and it was about NLP, like neural linguistic programming, which is what marketing marketing uses, and you can get certified like as practitioner of NLP
and then you get like this master certification. It's like Tony Robbinson uses it and marketing uses it, and it's like, um, it kind of plants, like inception, plants things into your subconscious, right, And so these are these the master level practitioners of n LP on this podcast, and they were explaining how the news and the media is actually using n LP
on the people. And they gave all these examples and I don't know good enough to kind of repeat those back, but a lot of these like sensational headlines like if you don't wear a mask, you're going to kill grandma, for example, right, and then they repeat it over and over and over, and it's actually goes past the conscious into the subconscious and they're basically brainwashed or kind of
you know, brainwash these people. And they even went in further and they said how because of the education system has been so dumbed down to teach you not to question, not to think that it's easier than ever before to actually use LP on the people and brainwash them. It's insane how pervasive it is so here the Philadelphia area. I've been watching like a lot of Phillies games and it happens very nonchalantly, Like in the background, you have the two announcers in the booth just talking about how
they got vaccinated and how they feel. They feel like liberated. They're able actually to go live free because the backs somehow magically enables them to do that. And in driving in the city, if if you're not in your own car, you're an uber, and the ubers listening to the radio instead of what I would typically listen to it is just my playlist on Spotify or something. And you have literal commercials in the Philadelphia And I'm sure this is in other areas too, but it blew my mind the
first time I heard it. Getting an Uber to my brother's apartment from my wife's parents house in Philadelphia, and the Uber driver was listening to the radio. It was just a commercial wear Mass Sable Life, Wear a mass
Sable Life. In the In the course of a thirty minute drive to the city, that commercial came on three times and again that that that line where a mass save a life, like if you say it enough, and it begins to make people question, like if I don't wear a mask and I causing people to die, and so like they feel forced to do that to to save their fellow man. And it's really scary how easy it is to manipulate the masses. And we see, uh, we see evidence that the people in media know this
and they leverage. Just specifically, Project Veritas had that that expose on the CNN producer who basically admitted, like Jeff Zucker would call us, so I'll never read the red phone with the direct line to the president office. He's say, put the death numbers back on the screen. We need people to be free. People are turning away because you don't have the death numbers on. They need that fear inducing stat uh to draw their intention and to draw
them in. And then I'm actually very happy that Project Veritas came out because it showed the playbook too. He's like, next, when COVID dies down, we're going to go to climate change. We're gonna start fearmongering over that. And it's disgusting that they intentionally and some parts of the media, particularly the mainstream media leverage fear and uncertainty to to drive a discussion.
It's all for advertising dollars and clicks and views. It's a perverse incentive system that's been erected by the advertising model of mainstream media particularly. Yeah. Well as back to kind of marketing analogy like you mentioned kind of earlier, like that that motivation of fear and like humans are pretty basic. I mean we were motivated by one moving away from pain and to moving towards pleasure, Like pain and pleasure. I think I think fear pain is the
more powerful one than than the pleasure. But um switching from a message of pain and despair too, maybe a message of hope, you know. I similar two thousand eight, it was a great financial crash rocked my world as well, maybe a little bit older. And I had been a real estate investor. I started eighteen. I've been a real state investor for I don't know, almost ten years at that point, and made a lot of money, sold a
couple of businesses. But I got wiped out, and uh, I was like, what the heck is this financial casino? Like I don't know anything about it? And I started digging in and I became a gold bug, and I was like, oh, we gotta fix the money. That's what it is, right, we got a gold that's the way. Um. It took me a couple of years to realize I
wasn't necessarily a goldbug. I was a sound money advocate. UM. But UM, you know, I then became very disillusioned with the system, like, I mean it's ruined, Like we need to fix the system. And I've just kind of given up on politics and all that. And it was about um that I I finally went and took the plunge into bitcoin. And uh it was like, hey, sorry to interrupt this video just one more time. I'm not running Google ads. So it's actually way less interruption than I
normally would have on a video. UM. And that's because it's sponsored by block five. Um. They are opening up the world of bitcoin and financial products offering to pay you interest on your bitcoin. Um. Better than owning a rental property that you have to manage and control and have the risks. You can just earn interest on it or you can leverage against it. Now, I plan to hold my bitcoin forever and literally never sell my bitcoin. So how do you do that? Well, if I need money.
I don't want to sell that bitcoin. I'm gonna pay tax on it, all right, I'm gonna end up with less and I don't have the bitcoin anymore. So a better way to do it is to borrow against the bitcoin. So I've put all my money into bitcoin. If I want to buy a car, or I want to buy a house, I can borrow against it at very very low competitive rates. Get my house, get my car, whatever that may be, and get to keep the bitcoin. I've done a whole video on this. You can find it.
I'll link it down to the description below. How to retire off a bitcoin without paying taxes, and you can do that with block fight services. I'll link to the video down below. I'm also going to put a link to block Fight. If you choose to click on that link to check them out. You can earn up to two fifty dollars in free bitcoin just for using that link. And that's it. Let's go ahead and get back to
the interview. Now we have a tool like now we actually have something like now it's hope right like now, now we have a fight and chance, and I'm a Second Amendment supporter. I got a bunch of I'm not gonna say it, but I don't ever want to use those things. That's the last thing I want. And like, realistically we don't stand a chance with those anyway. Um, but now we have a tool, you know. And so
so there is a message of hope. And so I want to kind of pivot into that because you got me really motivated on the show that you had um talking with Paul from Sphinx Chap and it just kind of shifted my focus. And so I want to I want to talk about that. And and and now another analogy. I grew up raising dirt bikes, and like when you're raising dirt bikes and in your hauling ass and I'm broken every bone in my body, um, and like there's
like a rut that I need to hit. And there might be a rock on this side and a rock on this side, but I got to focus on the rud. If I look at the rocks, I'm probably gonna hit them. So you're like golf, right, like you look at the green,
not that, not the sand trap. And so I think in life, we get very busy looking at all the problems and all these things that we're afraid of when we can't fix when I had the analogy listen to that show, it's like, why not just focus on where we want to go and how much more powerful it is and so um, you know, and I'd like for you to talk about this, and you're interviewing them all the time. But like people are out there building a parallel system. They're not living in fear, like they're just
out there doing it right. Yeah, No, that's the beauty
of bitquin right. It's an open source system, allows you to build on it, to add to it, to build products on top of it, to leverage it's ledger, to anchor value into it two, anchor truth into it, right, And you don't have to work within the parameters of the traditional financial system, which have very specific rules and are very constricting, and they've created very large regulatory and compliance notes that make it impossible for for the little man,
the upstarter to to actually build and innovate. It's it's a very uh like, it's very like insider's club, and if you're not in it, you're not going to be able to do anything to change that system. So Bitcoin provides a system in which you can build in parallel and build a competing financial system and arguably like a syst them through which to coordinate economic activity. Maybe it's not directly on chain, but you can settle everything in bitcoin and that that leads to innovation like so which
is literally impossible within the traditional system. So, like Paul thinks, they're leveraging bitcoin second layer, which is the lightning network, to enable podcasters to monetize. So they're allowing people like us to monetize without the traditional advertising model. We can have our viewers engage in a value for value model where they send us a few SATs per minute listen,
like fractions of a penny. But if we develop audiences that like what we're putting out there, and they get value out of the content that we're putting out of there, and they want to send value back to us, it could be very small amounts of value, but an aggregate that it can be a material amount of bitcoin that allows us to produce the content that we want to produce without having to rely on advertisers or any other
type of monetization path. And so that's just one example of something that's enabled by bitcoin that was never popped SMA. When people are building like you can wanted to send fractions of a penny per minute to a podcaster of your liking. You literally could not do that using the infrastructure that's been built out by Pisa or MasterCard. Yeah, that's saying and if you're talking uncouth through your you're
speaking wrong. Think on your podcast. You can have these people cut you off immediately at the knees, the payment providers, and that's simply impossible. Pick when you can. Yeah, yeah, we can see it's happening right now. With Joe Rogan, it's back again. I mean, everyone's mad about something he said. I don't even know what it was, but what was
it was something we touched on earlier. He basically said something that should be common sense, is like, hey, if you look at this, the statistics on the CDC website, it is acidine that we're forcing children to wear a mask. I mean, I don't think he was echoing with Tucker. Carlson said specifically, I don't think he said it because the Tucker and he actually recorded this episode before that
Tucker episode aired earlier this week. But he said, like it's child abuse, Like these kids are not getting it and they're not spreading it, like it's becoming uh evident. And then if you're a young, healthy one year old, why are you getting this experimental vaccine? Like you don't need it, Like the the statistics show like even if you're obese in your this particular age group, you're probably not gonna die from me, like the risk of the r R on taking an experimental MR and a vaccine,
it's probably not not worth it for you. Like if you're gonna get COVID, chances are you're you're going to survive. And people are jumping down his throat and again drives back to fear. You know the people are and then CNN and there's there's that death count up there um and just whatever happened to people? Just like Hey, I don't like what he's saying, Like let me just change
the channel. Well, like so that I mean with this particularly, like I think there's a lot of people who don't want to admit they've been jipped to a certain extent OWDs the last year, like they sacrificed a lot. He
shut the economy. People stayed home from work, and they stayed away from their families, They stayed away from meeting with friends, they stayed away from living their lives for a literal year and to hear somebody come out and and say that, like it might be insane to to force children to make the sacrifices we've been asking them. To make me force young young adults to make those sacrifices or experiment with this vaccine. Uh so people can get back to normal. Uh. It makes people angry because
they're like, well did I get jiffed? Like, no, you have to do this, Like we were told this is the way it is, and is this way because I made these sacrifices, Like my sacrifices weren't made invade. Yeah, age that the expert class may have duped them. Yeah, that's a good point. You know, I think a lot of the angst that you see of people that are complying, um, maybe they're not so mad at you because like you're putting them in danger. They're mad at you because you're
not also complying. Um. But that's the whole thing about like getting outside, getting that outside perspective and like changing
the worldview. But shifting back into that for a minute. Um, you started talking about you know, um bitcoin and building like this different monetary system, and before we're recording, you're talking about a conversation out with Parker where he was talking about, you know, building building a platform that allows people to go save the world, like he didn't want to save it, but go give people the tools to
do that. Um. And then and then you said, you know something that we repeated a lot which is then fixed the money fixed the world. Uh, why don't you go into that? Yeah again, I mean going back to heart echo what I said earlier, like when you mess up the pricing mechanism and the money that is used to value to measure value throughout economy, you you distort
economic decisions, particularly capital allocation. And it's a good argument to be made that because we the money by going off of sound monetary standard and completely detaching ourselves in one just putting money out enough ing pretending like there's going to be no consequences, that you have a mass misallocation of capital. The opportunity costs simply aren't as high as they arguably should be when you're making these economic decisions.
So when you have a sound monetary system, sound sound money ary good in the form of bitcoin, like you,
you increase the opportunity cost of misallocating capital inappropriately. So the housing market is a perfect example, like the mass misallocation of capital that went on in the housing market leading up to OA and arguably now again in modern day and today in one like is being induced by low interest rate environment and like a seek for a search for yield because people can't preserve purchasing power over time,
it's just putting dollars in a savings account. And then there's arguably a massive misallocation of capital and shale industry. I'm very intimately aware of the problems that the shale industry has had over the last decade as well. They've had a lot of access to capital. They drilled a lot of more wells than maybe they probably should have. They've they've spending excume extending themselves, they've spread themselves very thin. And last year in March, when we had one economic hiccup,
you saw like a collapse in in the industry. And over the last twelve months we've seen insane amount of mergers and acquisitions, bankruptcies, and this is because capital was allocated that maybe shouldn't have been and probably wouldn't have been if we lived under a sound monetary system. And so fix the money, fix the worlds you need to fix the pricing mechanism predictingly, the pricing of opportunity costs that exists when you make these economic decisions, these capital
allocation systems to efficiently allocate capital, efficiently allocate capital. It's such a big concept, that's I think it's hard for most people to really grasp. Like you talk about like pricing and they just kind of Okay, that's about money, right, But it's like no, it affects every area of life. And um, the website you know, wtf happened in one is like perfect. It shows you every area of life
that's been affected by by that pricing allocation or misallocation. Um. But you you talked about like the shell oil boom. I got caught in that boom that or the bust. I should say that that sucked. Um. But in regards to that, then we even take a look at you know, um, maybe the shift of fear from you know, being sick. We'll call it that, right, fear of being sick too now, fear of like the whole world's gonna die, right, climate change or climate emergency now or whatever that may be.
And I think when you start even looking at those types of policies, which is interesting enough to FED. Now apparently they're going to fix the climate with money. Um, but really it's the money to gender gender, gender and racial inequality and uh and and the climate. But um, when you fix the money, you even fix those things, right.
And I was having a conversation with Jeff booth Um I think earlier this week, and he was talking about how like the FED policy actually hurts the environment because it forces like creates this consumption you know, model and growth at all costs, and like that's a much bigger problem. Yeah. And again like if you're misallocating capital, your misallocating capital towards things that are going to take energy to be produced, right, So like there's so many layers to it, right, like
fix the money, fix the world. So it fix this capital allocation. And then like it literally helps capital preservation and accumulation, which is important for the individual and family
balance sheets. So that's massive. And like in terms of the misallocation of capital enabled by the fiab on atterary system, yes, like enables more energy to be converted into electricity and otherwise would have been if the opportunity cost for particular endeavors like making plastic trinkets that people buy a dollar stores.
Maybe even people don't see a reason to invest in those in the future, so you use less patrolling products to build those little plastic trinkets, and maybe you allocate your capital builds something that will last a hundred years, so don't have to keep replenishing. Like look at the look at this suburban explosion that we've seen over the last thirty years, Like these are all houses that are literally built with ship that is only meant to last
the life of a thirty year mortgage. I'm sitting in one of them right now, like here in the Jersey Shore. Like it's a bunch of cookie cutter plastic houses that were thrown up in haste because people are chasing this real estate market because they need to store value, because they can't store value in their native currency, and so they have to store value in these properties that are seen as uh more valuable than others and in better
places than others. And so real estate and isn't is an example of something that should be a consumption good, and the price is arguably extremely inflated because people are using it as a store of value, and the people are building the houses don't care to build a house at the last a hundred years. They only need a house at the last thirty years, so they can actually build it and sell it to people are looking to
store value in it. It's it's very weird, it's very perverse, right, using this as a store of value, and it's actually not even gonna be able to stand up without a complete remodel, remake, structural rebuild within thirty years. It's and again, that's a lot of things that probably wouldn't be built, materials that wouldn't have been used if we were a monetary system. Yeah, I mean that's a great example. And we were talking earlier about you know, going to surfing
in some third world countries and stuff. I like to go to some pretty remote places. Spend a lot of time in Mexico and Central America. And when you go down there, they fix everything, like, they don't throw away anything. They they're like the most ingenious people that they can fix anything and um. But but you know, they don't
have the benefit of this fake fiat money system. I mean obviously they're on one, but not you know, the real world reserve currency, and so there there's you know, their economies run differently, and so those people are forced not to be on this consumption right there, more on the saving model UM and they fix everything, whereas you know, back to you know America, it's like we just throw
everything away. Yeah, even even we went we were going down on a surf trip and we were driving and we're in Mexico and my friends truck broke down and his starter had gone out, and he went and we we towed it over to the shop and and they rebuilt the starter. Like in America, they would never rebuild
a starter, they would just replace it. Right. It's extremely wasteful, right, Like the whole energy debate really grinds my gears, the energy as deics to climate emergency people forcing this narrative on to the populace and again leveraging fear. Amberg, Yeah, the world's gonna be under the oceans in twelve years, or Gretty, you said that when you're sixty, When you're twenty eight, I'm gonna call you and say, hey, well they've all said it. Al Gore has been saying it
since like two thousand nine. Well that's another thing, Like I forget the gentleman's name, but he was president Obama's lead science advisor. He said that by the year one, this year, there would be a billion climb it related deaths due to climate change, and that's what they were calling a climate change. Over the course of that thirty six year period, climate related death fell by like literally
I become completely alex Epstein pilled. We we use these energies, like the more electricity that we're using, the better off humans are. The lower you drive the costs of electricity, the more humans will flourish. And I think that's the message. We need to start permugating. We need more electricity, we
need to use more energy. Of course, we should eliminate waste and be as efficient as possible, which is like where I think we help out a great American mining by particularly using gas would otherwise be flared as a way to create electricity, to to mind bitcoin, to create positive economic value for producers and just the economy at large. Um.
But yeah, there again, there's a mass psychosis. There's people driving narratives that find a no no base in logic where reality and people are catching it hook line and sinker because they have that amygdala that is that is designed to react to fear, right, Yeah, I know you want to just hopeful, but I can't like about to dig into that energy thing that you just brought up.
That's a that's a good point to talk about. Um. The first thing is, though, it's crazy because like everyone I guess right, nobody wants to put the hard work of like diet and exercise. I just want the magic pill to lose weight. And I guess maybe the same way with their education, Like I just want to read a headline and I won't even bother to read the article kind of thing or even think about it. So like everyone's like repeating these headlines but without even it's
like stopping to think about it. A couple of things about that it is crazy. So first of like if if bitcoin waste energy, well what's a waste? Like one man's trash is another men's treasure, isn't it Like there's a bunch of like all that time consumed on TikTok,
how much energy is that wasting? Right or whatever? The other thing that the other thing that's crazy is they talk about you know, let's say that if if all this is true and the climate does go up by one point five degrees, what the goal is to get it down by one point five. Let's say they don't achieve that goal, so it doesn't go down by one point five. Okay, Like I live in southern California. It's the desert in Arizona. It's a hundred and twenty five
degrees in the summer. They created air conditioning. But but the but the craziest part is those same people are talking about how we're gonna go colonize Mars, which is completely inhabitable, uninhabitable. Yeah, it's no, there's no basis in reality or logic. Yeah, I'm sitting here. I'd skin in the game. I live on a barrier island right now. It's literally in the the ocean, this island in the bay. That's all that's between here and the mainland southern New Jersey.
I've lived on this island my whole life. In the summers, particularly if anywhere is going to like fall underwater, would be this island. And yes, the island has experienced more floods over the course of my life, but that's not because of rising sea levels. It's because being ripped out all the trees for the shitty houses and literally can't absorb the water. And it is so Another example I'd like to use is particularly bit like so bitcoin mining
industry gets picked on for one reason or another. Again, like you mentioned why, why are people saying that bitcoin miners converting energy into electricity as a waste. We'll get into why or their justification for that statement in a little bit. But there was a woman two months ago in California posted a tweet with four pictures of bitcoin mining warehouses. And you do the research to find out
where the mining warehouses is. I believe one was in Kazakhstan, one was in China, one was in like upstate, New York, and another somewhere else in the United States, not in California. So she posted those four pictures of bitcoin mining warehouses and she said, look at this, like all these bitcoin
miners are using all this electricity. Meanwhile here in California were having rolling blackouts and brown outs, basically trying to say that the energy being converted to electricity by the bitcoin mining warehouses and completely different parts of the world, nowhere near connected to the California energy grid, were the cause for those rolling blackouts and brownouts in California, when in fact the real cause. And I'm sure you're intimately
aware of this since you're from California. Is they decommission natural gas and nuclear power plants without replenishing the power generation? Like people literally don't understand how grids work or how powers generate, or how delivered to individuals and why it's support. And they literally just want to see the headline. Bitcoin miners are using a lot of energy. They see that, they say, hey, we're having blackouts here because the bitcoin miner has no basis in reality or logic. Yet people
run with it. They are able to get fear clicks and virtue signal clicks and quote retweets and all that, and and somehow bitcoin gets demonized. Yeah, to to that point, I know that intimately because how actually September of last year, I was actually down in Mexico on a surf trip down in Porto Escondido, and uh, there's like one paper road the most through town. It's mostly all dirt roads. And uh, and at home in California, they were having
the rolling blackouts. As you said, Yeah, no, it is asinine, right, because they're they're there again. We saw it in Texas this year. It's dangerous. Mark, Like I again, like you said, you can before we started recording. You can feel me, you said, you can notice that I'm getting more outspoken against because I think it's imperative, right these people, if they get their way, it is gonna be terrible for humanity.
They're pushing us towards unreliable energy resources and wind and solar particularly, And I don't think these people actually care about renewable energy. I think they want control, and I think they want us to use less electricity and less energy because he has some weird, like hippie mindset that that we need to protect mother Earth and like just live off the land, which is not gonna happen many more. Nature is a vicious bitch and she will kill all of us if we revert to that type of living.
And they're pushing us towards these unreliable sources and like, and again, the reason why I think it's evil and they actually don't care about renewable energy, it's very anti human is because they don't advocate for nuclear, which is like the cleanest, most energy debt energy source that you have on there. The decommit, their decommission, the power plants all across the country, and what is really fucked up about all this is that it affects the poor the worst.
You you raise electricity prices and it affects the poor the most aggressively rich people, it's gonna suck. They're going to pay more for electricity, but they will be fine. Their lives are not going to change that materially, but the poor people is going to change. It's literally like a racist, anti poor person policy. Uh yeah, And it's coming from people who act like they want to save the world and I want to uplift the struggling common man,
and it's complete bullshit. Yeah, I want to I want to go back to a little bit of a message of hope and talk about how bitcoin is actually good for the environment as opposed to the bad. But before I do, I want to make one more um, you know, to that point in that video that I made talking about that policy. I talked about I have a problem that everyone has this very rigid thinking and they don't consider that everything is a tradeoff everything, And so I
made the calculation that in order. So obviously when it's solar only works for part of the day, right when the sun's outer, when the winds blowing, so then you have unreliable power. So then you have to be able to store the power, right, so you have to have some sort of batteries. Um, the largest battery manufacturing the United States is the Giga Factory, and it would take I believe the math I had worked out in the video is five thousand years to make enough batteries to
store the energy for the ust for one day. And okay, so that okay, So just that, okay, But then think about this. What goes into the batteries rare earth minerals, elements, Where do those come from from the ground? How do they get them from mining? And it's been whatever it is six eight since I made the videos. I don't remember,
not off top of my head. But they had to turn over tons of ground to get enough minerals for one battery, so like they would literally have to like dig up half the world, and most of it's in the Amazon. That's that's why most of the Amazon is burning because they're trying to get the minerals. So you have to dig up like half the world, turn it over with tractors and diesel and child labor and all that to get to get the minerals for the batteries. That's the trade off. Like does that sound like a
worthwhile trade off? And like you just have to understand those things. And that's just for the batteries. If you you want to create the solar panels, like you have to burn and clean amount of cold to get like you literally have to burn cold because nothing else gets hot enough to create the materials necessary to create the panels for solar specifically, and like this is this is the problem. Like I'm not like I'm all for electricity generation, Like if if we figure out a way to do
wind and solar, I'm all for it. Like I'm not bi wind and solar. I'm just like I'm anti the fact that they're unreliable and the tradeoffs like you just mentioned are not are not articulated up front. The argument that is being made by these crazy people is one that is not based again in reality, or they're not doing it genuine it's not a genuine argument they're making.
They're they're hiding a lot of the facts and a lot of the externalities that go into the the production of the energy resources they're trying to bring to market. And it's it's again, it's anti human. It's going to set us back. And I get with bitcoin, specifically a bitcoin as a rallying cry, Like Bitcoin has emboldened me to to really call out bullshit in the world. It's a good thing about number go up and having fuck you money is like you can just start to stand
up to these people, not worried about getting canceled. That like, we don't need to count up to these people anymore. And so like, the way bitcoin makes us more energy efficient is insane. And that's why it's insane that people pick on bitcoin for its energy conversion, is because it actually makes us more efficient. Again a great American binding. We go to to well pads, we go to remote areas in North Dakota, Wyoming, Texas, show up, we say, hey,
don't just set that natural gas on fire. You're literally just wasting it. There's the ability to take that natural gas, that precious resource, and to get economic value out of it. To just set it on fire and send it to the atmospheres is an incredible shame that we should all be ashamed about. We show up, we say, hey, instead of piping that to a flair stack, pipe it to
our our generators. Will create electricity. Mind Bitcoin boom, You're able to take the scarce energy molecule and represent it in the scarce digital good and you create like a liquid market for these stranded assets. So that's only with natural gas. Again, with renewables too, it's going out there and it's fine. It's stranded hydroelectric and geothermal particularly, and it's taking advantage of those energy resources that exists out there.
And and that's the other ironic thing about people picking on bitcoin mining as an industry particularly, is that as an industry, it literally has the highest penetration of renewable energy as the source for for the industry out of anything, Like it's the sm estimates range for like like even if it was, it would be the highest by penetration out there, and like, so it's orders of magnitude more green than any other industry. Yet people decide to pick
on it. Again, why do they pick on it Because it's a lot of communists who don't like the fact that they can't control bitcoin, particularly it's monetary policy, and they don't think it provides any utility in the world, which is just objectively false. Like I'm sure it has provided you a lot of utilities, provided media a lot of utility as a savings vehicle. And I would love for these people to go to these places where bitcoin is providing incredible utility for people and say it to
their faces. Again, they're they're basing these arguments from a place that isn't based in reality, and it is literal virtue signaling um. And I think it is because they want to be able to control, uh, how the world works and how people interact with the world, and they
can't control bitcoin, and it really pissed at them off. Yeah, I'd like to add to that with one thing I was kind of thinking when you're talking about that, was, you know, it's it's an attack on lots of things, obviously, and and there's an attack on capitalism obviously, Right, capitalism is slavery now and capitalism kills people all these things, but really capitalism, maybe we need to abandon that word. But like free in a free market, competitive system, entrepreneurs
are out there trying to turn trash into treasure. They're not wasting No entrepreneur, no business owners don't go out there and waste resources. You're trying to conserve and maximize resources. And so what I love about what you know the mining companies are doing is you're literally going and taking trash that's harmful and you're turning it into something good
and productive. It's not a waste. That's actually the opposite of waste, right, I mean a waste is I mean you could say why do we have the internet, Like why not just read newspapers? Right that that's a waste. I mean everything is a waste. But they're but you're literally taking trash that's bad and then you're turning it into traitor Yeah, it's it's making us extremely energy efficient, which is something that we should be striving to do. And that's another thing to like that A lot of
these climate hysterics are are very hypocritical. Like I get into like I'm get invited to a lot of debates with them throughout the cryptocurrency space because of what I do a great American mining. They look at us, you're using fossil fuels. Is your energy generation source? Like you're destroying the Internet and you're extruding the world. Excuse me, um. But like when you when you like push them, it's like all right, asshole, we're doing this video conference. You're
in Germany, I'm in the United States. You're using a video conference, Like we could do this audio only, we could do this phone call. It would consume a lot less energy. Why aren't we doing that? You're you're all day tweeting about all this and that tweets being stored on a server that takes up a lot of energy, Like why tweet? You should be sending You should be
sending snail mail to get your out there. Like it again, the moralization of energy consumption or energy conversion to electricity is a weird and very creepy thing, Like if somebody's willing to pay for electricity, they should be able to do whatever they want for it. And bitcoin miners go to extreme lengths to make us more energy efficiently. We're in the middle of North Dakota and places that nobody else wants to go converting this gas to electricity because
nobody else will. We're literally bringing the market to the molecule. We're setting up uh infrastructure to to monetize stranded energy sources, which is a beautiful thing. Yeah yeah, yeah, I mean just it's it's insane from so many levels being being told what is what isn't ah essential? Right? Yeah, that's not a good use for energy. This is things like that I would say, and I know you're you know,
foll lose you again. The don't say is another thing going back to any working on stranding gass, but even back to the solar, I think it helps a lot there because the problem with solar is it draws on the energy source. And like those power stations, they can't run. I still got you. Yeah, yeah, they can't run. They can't just run during the day and then shut run
during night and shut off during the day. And like bitcoin mining could like be used to like augment that right so that you could mind during the day, shut it off, left the houses pfull at night. So there's a lot of ways that it can be used actually be good and offset And uh, I wanna. I think I'd like as an industry just to kind of instead of always be on the defensive and trying to defend, like kind of be a little bit more offensive on
that message. You know, I think I could use that completely. Agree. That's like one thing that we've made a point at Great American Biance why we have our podcast to be more offensive, Like, hey, what we're doing is good. It's providing a lot of value to the producers. We work with the producers we work with or providing a lot of value to the overall economy because they're providing a resource that is essential to make our everyday life possible.
UM and yeah, that's going caltel to these people. Like a particularly renewable energy Again, bitcoin mining is the highest penetration of renewable energy as a source of electricity across any industry in the world, and so pretty weird and annoying that it gets picked on. UM And then, like you said, it actually incentivizes the overproduction of renewable energy. So you can have these demand response systems where you can actually deliver the electricity UM to the market when
they need it most. And that's because you're able to subsidize the construction and maintenance of these renewable projects because you have a buyer of last resort and bitcoin miners so actually pay for the electricity when nobody else is willing to UM and so creates these incredible efficiencies all throughout the energy UH industry, whether it be in the fossil fuel part of it or the renewable part of it. It's a beautiful thing. It's something that we should be
celebrating aggressively and bossifarious Lee. I mean, yet you have a bunch of communist idiots who um just have decided to pick on bitcoin for one reason or another. And again I think it's because they can't control and it represents a true free market money. Um that pisses them awful lot. Yeah alright, well, good stuff. We cover a lot of ground. I think that it's probably good a good point to drop off there. But I just love
to see it. I love like like we've talked about, you know, just giving people that message of hope and and it's attracting people and now people are coming out with solutions like what you're doing. It's awesome. Um, anything last things that you want to close it out with. Yeah, and I've been on the aggressive part. I'm jacked up today. Yeah.
Bitcoin provides hope. If you want to opt into a system where you can verify everything that's going on, you can actually contribute, and you have some control over it,
particularly your money. Like you you control your money and you know that it's not going to be debased, and you're gonna be able to verify that every block they come do research on bitcoin, it's it's enabling a new economy to be built in a new way of organizing between humans and the people in the bitcoin space, at least that I've come into contact with, or some of the smartest uh and most ingenious people that I've ever met in my life that are they're doing beautiful things,
and they're doing it because they just want to build a better future. That people in charge do not care about us. They are leading us down a terrible path, and we can't depend on them to make the change that we need in this world. We need to do it ourselves, and bitcoin provides an incredible vehicle through which to to bring the change that we need to to rest control from these kleptocrats and actually ensure that we have freedom and liberty and the digital age. Awesome, awesome,
good stuff, good way. That good note to end it on too. I'm gonna make sure to link your uh, your the your podcast, the mining, and your Twitter on the show notes, any um, any anything else coming up that people should be wherever they should follow you. Are those the best places? Yeah, Twitter's best place at Marty Bent That's where I hang out most uh T FTC dot io is my website with all my content. Gam dot ai, g A M dot ai. It's the Great America Mining website. If you want to figure out what
we're doing. Um yeah, keep keep fighting a good fight. Mark, thank you for having me on