Listen to Luc and Nate banter, discuss, and often debate various topics including finance, politics, current events, ancient events, and everything in between. They tend to discuss Bitcoin a LOT but they promise there is always more than just Bitcoin in a
On this episode, we do a deep dive into hyperinflation. (This episode will have two parts.) Here's some of what we cover: A discussion about the definition of hyperinflation and its limitations. Ancient Hyperinflations including, Ancient China, Ancient Rome, The Holy Roman Empire, and the United States. Weimar Germany Zimbabwe --- Send in a voice message: https://anchor.fm/idratherberight/message
On this episode, we do a deep dive into consumer price inflation. Here's some of what we cover. A Basic Definition The Consume Price Index ("CPI") including some of its history, how it is calculated, and how and why the government makes changes to the calculations, and some criticisms of CPI. Some alternate measurements for consumer price inflation. Then we discuss if Luc and Nate were working for the government, how and why they would adjust CPI. Resources mentioned in this episode: The Bureau of Labor Statistics ("BLS"): Hedonic Quality Adjustment FAQ BLS: The List of Items Subject To The Hedonic Quality Adjustment Chapwood Index John Williams' 1980s CPI Measurement on Shadow Stats --- Send in a voice message: https://anchor.fm/idratherberight/message
On this episode, we do a deep dive into monetary inflation. Here's some of what we cover. We discuss what it is and the tools central bankers have as their disposal including quantitative easing and yield curve control. Universal Basic Income The Cantillon Effect How it operates at a global level The Federal Reserve And what we think will happen in various real world examples. Resources mentioned in this episode: I'd Rather Be Right's episode on the bond market "Deep Dive: Bonds, The Bond Market, Quantitative Easing ("QE") and How They Impact All Other Assets" Lyn Alden's articles on Inflation and Money Printing "What Bitcoin Did" with Peter McCormack This is the specific episode mentioned in the podcast with Preston Pysh entitled "Is Hyperinflation Coming? With Preston Pysh" "We Study Billionaires" Podcast "Bitcoin Fundamentals" Podcast (the Wednesday episodes of "We Study Billionaires" with Preston Pysh) --- Send in a voice message: https://anchor.fm/idratherberight/message
This episode is the first part of a multi-part series (or season) on a topic that's quite big in the news these days, inflation. On this episode, we do a deep dive using first principles reasoning to address what is inflation and what causes inflation. We're keeping it simple so we can create a strong foundation for the following series. Don't worry, there are some jokes in there and some of our usual banter. But this episode is heavy on learning. Here's some of what we cover. We discuss some basic definitions. We discuss why inflation is a vector and not scalar and the problem of treating it as a scalar. On this issue, we get an assist from Michael Saylor. We discuss price inflation and use an excerpt from Allen Farrington's article "Inflation In A Hyperbitcoinized World" to improve our thinking. Then we walk through some examples. Other resources mentioned in this episode: Allen Farrington's article "The Capital Strip Mine" Allen Farrington and Sasha Meyers' book "Bitcoin is Venice: Essays On The Past and Future of Capitalism" Impact Theory with Tom Bilyeu: "Michael Saylor's Masterclass in Cryptocurrency Investing and the Future of Bitcoin" --- Send in a voice message: https://anchor.fm/idratherberight/message
So on today's episode we discuss about what to do about all these mass shootings. We have some slightly off topic conversations about qualified immunity, adoption, and parenting. Then we finish off with a conversation about why none of these policies will be implemented. --- Send in a voice message: https://anchor.fm/idratherberight/message
We opened with an original clip of the protests outside the supreme courthouse that formed when the leaked Roe V Wade ruling was announced. We discuss where this leak could've come from - and what this means for the midterm elections. Eventually, of course, we bring it back around to bitcoin! Please like and subscribe! --- Send in a voice message: https://anchor.fm/idratherberight/message
Note: We're way behind here at getting things edited and to you all. Apologies. -------- It's 420! So we talk about drugs. Then we talk about the mask mandate case. We finish off with a discussion about how the Israel is adding $200 billion worth of Chinese Yuan to their reserves. --- Send in a voice message: https://anchor.fm/idratherberight/message
Luc & Nate start this week by discussing the differences between accountants and tax attorneys and why you should probably have a tax attorney if you are in business. Then they move on and speak about the recent Biden speech in Iowa. They watch a little bit and comment on Biden's plans to bring more ethanol into the market. After this, they shift to moral redlines and how Mitch McConnel admitted he has none. Essentially he's an amoral crazy person running the senate. Enjoy! --- Send in a voice message: https://anchor.fm/idratherberight/message
After some banter about the vodka and the best letter in the alphabet, it's onto Ripple and Greenpeace's coordinated attack on Bitcoin. We break down why the arguments are flawed, the real benefits of Bitcoin's energy-intensive proof-of-work process, and why it's superior to proof-of-stake. If you've enjoyed our other Bitcoin deep dives you should really like this one. We haven't touched as much on how proof-of-work operates. Then we finish off with some discussion about the slap heard 'round the world. If you want to start dollar-cost averaging into bitcoin, Nate's favorite service is Swan Bitcoin. You can get $10 of free bitcoin using this referral link: https://www.swanbitcoin.com/NathanCPerry/ The book mentioned in the podcast: The Blocksize War: The Battle Over Who Controls Bitcoin's Protocol Rules by Jonathan Bier Our two podcasts involving Bitcoin's energy use: A Bitcoin Lightning Round! With Special Guest Evan Bolick! Is Bitcoin's Environmental Impact Something to Worry About? --- Send in a voice message: https://anchor.fm/idratherberight/message
After a quick discussion about how the Fed's decision to raise rates will impact inflation (or not), Luc and Nate revisit their predictions for 2022 in light of Russia invading Ukraine and the West's subsequent response. Plus they discuss one new possible event for 2022 and make a prediction. If you'd like to see their predictions and the current standings, you can see them here. And please send Luc and Nate your predictions. They'd love to hear them. --- Send in a voice message: https://anchor.fm/idratherberight/message
After a quick review of Nate's trip to the Caribbean including a short story on how the Arbuans used to protect their gold, we move onto the bulk of the episode where we discuss Joe Biden's executive order on digital assets is bullish for Bitcoin! Then we go over a short but important article entitled "Bretton Woods III" by Zoltan Pozsar. --- Send in a voice message: https://anchor.fm/idratherberight/message
As you can guess, this episode is all about Russia invading Ukraine and the potential consequences of our new reality. After a brief recap of the events, we end up discussing the risks to Putin, his potential strategies, whether the US and NATO countries should provide more help, then we get into an argument Luc had considered about the consequences of the United States deciding to kick Russia off teh SWIFT network. This includes a conversation about the potential monetary competition between Russia and China on one side and Western Europe and the United States on the other. Then we discuss includes how Bitcoin fits into this monetary competition as well. We finish the episode out with a discussion about three things Nate thinks you should be concerned about and a few different ways you can prepare for them. Note: There was a problem with the audio recording and while Nate did what he could to improve it, it's still far from his standards. But Nate and Luc thought this episode was too important not to release it. --- Send in a voice message: https://anchor.fm/idratherberight/message
We got a bit of a looser and more chill episode this week where we talk about the Joe Rogan controversy, the Canadian trucker convoy, the Bitfinex hack bitcoin recovery. --- Send in a voice message: https://anchor.fm/idratherberight/message
Apologies for the bad audio quality when Nate is talking! Especially near the end! After Nate finds out that Luc doesn't know what day of the week Nate introduces a special guest, Evan Bolick, who wanted to ask Luc and Nate questions about Bitcoin. The questions include topics such as: Does bitcoin use too much energy? (This is the first question and is a long response.) Is quantum computing a threat to bitcoin? Is blockchain technology more valuable than bitcoin itself? Does bitcoin need to reach a stable price point to reach its full value? If and when will bitcoin displace the US dollar as the reserve currency? Is bitcoin a diverse/uncorrelated asset in your portfolio? Does Goldman Sachs understand the true value proposition of bitcoin? Does the volatility of bitcoin prevent it from ever being used as a day-to-day currency? Will citizens demand government intervention of bitcoin and cryptocurrency? Is bitcoin a national security risk? Then Evan ends the podcast by telling two stories involving Nate, one of which is most definitely NSFW. Here's a link to the Bitcoin Energy Podcast. --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we have a quick chat about taxes for the podcast and some specific taxes in New Mexico. Then it's onto the main bulk of the episode where we discuss whether Russia will invade Ukraine and why Putin would decide to do so. This leads us to discuss how this might impact China's decision to invade Taiwan and why that is a clear threat to the interests of the United States. Then we finish up with two topics. We talk about The Fed hiking interest rates and Justice Stephen Breyer's retirement announcement. And somehow we have some talk about the Uyghur genocide. At the very end, Nate tells a funny story about his dating life. (As you can probably tell, this episode is filled with hope, optimism, and the best of humanity. /S) The article mentioned in this episode: Power shortages, a hidden water crisis, and a hard landing in China By Gopal Reddy --- Send in a voice message: https://anchor.fm/idratherberight/message
After learning about Nate's new late-night DJ voice, we jump into the meat of the podcast. First up, we discuss CPI and how teachers are underpaid. Then it's onto the Federal Reserve's decision to tighten and this leads to a conversation about Amazon and antitrust law. Then we segway into some banter about one of the websites we bought, www.BigLatex.com. We finish out with talk of the filibuster and how ineffective Democrats truly are. Then we finish out with some housekeeping about the 2020 Predictions and how the points should be allocated. Links: 2022 Predictions Bond Market and QE Episode --- Send in a voice message: https://anchor.fm/idratherberight/message
After a short talk about January 6th and why it was an insurrection, we get into the real meat of this week's episode which is all about mimetic desire. First, we discuss what mimetic desire is and how Rene Girarard came to create the theory. Then we talk about the differences between Celebristan and Freshmanistan, how Freshmanistan leads to mimetic conflict, and how scapegoats have been used as a way to resolve mimetic conflict. Then we talk about how the gospel may have changed our understanding of scapegoats and, effectively, removed a tool that had been used for resolving mimetic conflict. Then we talk about anti-mimetic models and go over some examples of mimetic and anti-mimetic models in both Celebristan and Freshmanistan. Then we discuss some tactics for reducing the effect of mimetic desire in your own life. And we finish out by talking about how mimetic desire impacts different topics we enjoy talking about. Wanting: The Power of Mimetic Desire in Everyday Life by Luke Burgis --- Send in a voice message: https://anchor.fm/idratherberight/message
After an intro about homelessness, national parks, wild animals, serial killers, and pickup artists. Then it's onto Ghislaine Maxwell and how the rich and powerful abuse their privileged position. (Of course, we make a lot of NSFW jokes during this bit.) Then we get into some more predictions including about the Supreme Court (Roe v. Wade and vaccination mandates) and some more Bitcoin predictions including price predictions. We finish up with a conversation on the US Debt Clock, the national debt, and whether or not the government can solve the current systemic issues. https://usdebtclock.org --- Send in a voice message: https://anchor.fm/idratherberight/message
After a raucous NSFW start to the podcast involving elves, Santa, and sex toys, we dive into the podcast. Before we jump into the prediction, we go over some of the major events of last year and things that shocked us. We keep this relatively short. Then at 17:40, we jump into our predictions for 2022. First, we make some economic predictions including predictions CPI, an economic crash, and the price of oil. Then we do make some political predictions including predictions about elections, student loans, and which candidates announce they are running for president. Then we make some international relations predictions and then some Covid predictions. Then we make a bunch of bitcoin predictions. And we finish off making some predictions about the podcast. Note to our dear listeners: There are only 30 days in June. So please forgive our mistake. Haha --- Send in a voice message: https://anchor.fm/idratherberight/message
After a brief start where we find out the guys don't know anything about the moon, we jump into the podcast. First, we talk about the early history of marketing. Then we talk about whether marketing even works and how it takes advantage of human wants and needs. Then it's onto marketing the podcast specifically. So first, we start with looking at what the I'd Rather Be Right podcast offers listeners. Then we have a general discussion about the podcast industry, how it works, how podcast hosts make money from podcasting, and why it's so hard to market a podcast versus something like a youtube channel. Then we discuss different types of advertising companies on the internet and ethical advertising and why it's a good strategic decision. Then we finally dive into how to market this specific podcast and a bunch of different marketing experiments we're going to try. Resources Mentioned on the Podcast: Breakthrough Advertising by Eugene Schwartz Wanting: The Power of Mimetic Desire in Everyday Life by Luke Burgis Swan Bitcoin --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we start out with some really bad NSFW jokes about the big latex lobby. Then we jump into Dobbs v. Jackson Women's Health Organization, the case the Supreme Court of the United States is hearing that is looking to overturn Roe v. Wade. This leads to a long conversation about how overturning Roe v. Wade might impact the country and politics. Then we jump into some books Nate has read recently and recommends. The books deal with the petrodollar system, oil, China, Russia, and the United States. This leads to a conversation about which countries might be buying bitcoin and why the United States should be buying it. Then we talk about the hearing in congress about cryptocurrencies and the big Bitcoin drop. Books Mentioned On This Episode Mr. X Interviews Volume 1: World Views From a Fictional US Sovereign Creditor by Luke Gromen Mr. X Interviews Volume 2: World Views From a Fictional US Sovereign Creditor by Luke Gromen --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we start off with a discussion about the strategic petroleum reserves and Biden's decision to release 50 million barrels of oil from the reserves. This leads to some interesting facts about both the strategic petroleum reserves and oil itself. Then Luc and Nate make a bet about whether the price of a gallon of regular gas will be worth more or less than $3.398 on January 15th. Then we move onto El Salvador's Bitcoin Bond and plan to build Bitcoin City. Then we discuss our Thanksgiving Plans and we discuss how Luc is Native and Nate is really white. (Can you tell this episode is being uploaded really late? Haha. My bad. -Nate) This leads to a discussion about how to address infrastructure needs on Native American reservations. We finish up talking about how the next decade will change the world and what it would like if we were a technocratic society. Washington Post Article: This tribe helped the Pilgrims survive for their first Thanksgiving. They still regret it 400 years later. --- Send in a voice message: https://anchor.fm/idratherberight/message
This is a bit of a random episode with a bunch of different topics. First, Luc and Nate banter about a bunch of other podcasts and how we like to talk s**t about famous people. Then it's onto the rest of the podcast. First, we talk about traveling including different strategies to improve your travel experiences and lessons learned when traveling. We also get a bunch of travel stories from Luc and Nate. And Nate disses a large group of people. Then Luc and Nate talk about the new consumer price index ("CPI") number and inflation. Next, we talk about the blown treasury bond auction. Then we finish off with Bitcoin and Michael Saylor's big prediction. Resources Mentioned: Sandemans Walking Tours Bridgewater Article --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we find out that Aaron Rodgers paid Nathan Bitcoin. Then Luc and Nate announce a bet that, by the end of the episode, puts Nate in deep dept. Then it's onto our topic. First, we talk about bond prices, bond yields, and how they work together. Then we talk about the yield curve and why we want to talk about bonds. This includes how they impact the price of other assets. We then discuss the structure of the bond market and how the treasury auctions work. This leads to an explanation of the federal reserve and its powers and how it interacts with commercial banks. This gets us into quantitative easing and what happens when the bond market blows up. This leads to a discussion about what assets we own in light of this information and the last twenty minutes or so are all about how we think Bitcoin solves these issues. --- Send in a voice message: https://anchor.fm/idratherberight/message
After a cold open and some banter about Shiba Inu, we jump into our main topic at 3:30. First, Luc and Nate provide some background on how they met and learned these skills. Then we dive into the basics of meeting and connecting with new people, working to improve yourself, and what not to be. Then we discuss making room for new people and the importance of eliminating toxic friends. Then we discuss strategies for meeting new cool people, how to nurture your new friendships, hosting events, and introducing your friends to each other. --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we have a quick shoutout to Jill and Cary. Luc gives us a quick update on his new job and why he decided to join a company. At 6:14 we get into the deep dive on the Lightning Network. First, we start with some basics about how the Bitcoin blockchain and some of its known limitations. This leads us to the basics of the Lightning Network. Then Luc frames the issue around how the critics of Bitcoin compare Bitcoin to the traditional finance system. We then get into some more details about how the Lightning Network works and compare and contrast it to the traditional finance system and traditional finance players like Visa. Then Nate provides some statistics regarding the Lightning Network, some security issues with the Lightning Network, and then BOLT 12, an upcoming implementation of the Lightning Network. Then we walk through Nate generating an invoice using his Lightning node. Then we talk about bitcoin hitting a new all-time high and Nate's bet with Ryan. Then we talk about using leverage to short or long bitcoin. Then we end discussing a few bets including a bet for $5 that bitcoin will hit $100k before the end of the year and a different bet some of Nate's friend's lost at a wedding. Don't forget to subscribe and review this podcast wherever you listen to it! Resources mentioned in this podcast episode: Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies by Nik Bhatia The article on a possible identity of Satoshi: Len Sassaman and Satoshi: a Cypherpunk History by Evan Hatch Will Clemente Dylan LeClair If you want to start dollar-cost averaging into bitcoin, Nate's favorite service is Swan Bitcoin. You can get $10 of free bitcoin using this referral link: https://www.swanbitcoin.com/NathanCPerry/ --- Send in a voice message: https://anchor.fm/idratherberight/message
With a joke about Nate's innate desire to be right, we find out why Nate wouldn't be a good parent and discuss how difficult or easy it is to raise mentally healthy kids. Then we move on to Nate's Roger Murtaugh moment when he found out he was too old to party like he used to. At the 8:40 mark, we get into the meat of the podcast which is all about the global energy crisis. We start off talking about the United Kingdom, then broaden back out all of Europe, and then discuss how it's impacting the entire globe. We discuss the numerous forces that are all impacting the energy sector and how all of these complex systems interact with each other. Then we start to discuss possible solutions including wind, solar, and nuclear energy. This includes a small discussion about how Bitcoin might help this transition. This all leads to a long conversation about complex systems, top-down engineering vs bottom-up, risk management, and how to analyze consequences that would be localized versus non-localized. This leads to a discussion about the risk of nuclear annihilation and whether Bitcoin reduces the odds of nuclear annihilation occurring which devolves into a conversation about whether nukes are already in space, the current state of the United States government, and the current state of individuals versus governments across the globe. And then Luc offers a theory that it won't be nuclear annihilation that destroys our species but the internet itself. Then we finish up discussing how extremely globally connected we are now, some of the causes, and the risks associated with extreme globalization. One of the issues we address is border protection and the importance of it in a globalized world but how terrible the border patrol agents can be. Some resources that were mentioned in this episode: Incerto: Fooled by Randomness, The Black Swan, The Bed of Procrustes, Antifragile, Skin in the Game by Nassim Nicolas Taleb Jason Lowery's Twitter --- Send in a voice message: https://anchor.fm/idratherberight/message
First, one of Luc's introduction jokes about the metaverse leads to a small but interesting conversation about virtual reality. Then it's onto the main topic of the episode. This is a deep dive into taxes, ALL of them. It starts with a discussion on eliminating the stepped-up basis and taxing unrealized gains. This leads to a discussion on a possible wealth tax, the current state of the estate tax, gift tax, income tax, and how they all relate to wealth inequality. We also have a discussion on the current state of corporate income tax and the benefits of using taxes to incentivize or disincentivize certain behavior. This includes a discussion about a tax based on mileage driven instead of a gas tax. We have a quick update on Evergrande (and a bonus update at the very end of the podcast). We finish out with some Bitcoin and cryptocurrencies issues including an update by Nate on the Bitcoin he has in BlockFi, Coinbase creating a lending platform, and which cryptocurrencies the SEC considers securities. --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we talk about all of the issues why Bitcoin versus other cryptocurrencies. This includes an accidental hard fork by Ethereum and how Solana went down. This leads to a short discussion NFTs and why Nate doesn't own them. Then we get into how Bitcoin could become a world reserve asset and then reserve currency and whether politicians understand Bitcoin. This leads us to discuss who gets Bitcoin and who doesn't and what traits lead to an easier and faster understanding of Bitcoin. All of this leads to a long discussion on how to make better decisions about which information to trust in order to determine truth and how important the signal is when typically adverse parties agree on something. Then we get into vaccine mandates and the executive order by President Biden. We finish off with a discussion on trying to de-extinct the Woolly Mammoth and whether we would eat lab-grown meat. Here is Lyn Alden's piece Analyzing Bitcoin's Network Effect and here is the audio version. Here are the two pieces on why some people dismiss Bitcoin. The first article is Why The Yuppie Elite Dismiss Bitcoin by Croesus, and the second is Bitcoin Is For Foxes by Allen Farrington. --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we start off with a little banter about vaccines in salad dressing and a few poop jokes. Then we get into the real meat of our podcast, the Evergrande crisis. We start out by providing some background on China, Evergrande, and the crisis overall. This leads to some discussion about how business is done in China and how the financial system has changed since 2008 including how Warren Buffett and Charlie Munger don't fully appreciate those changes and causes the conversation to devolve into a short digression about ice cream via a discussion about Dairy Queen. We then manage to get back on track and finish up on Evergrande and how it impacted the market this week and how it might impact the United States in the future and how it has impacted Bitcoin which leads to a conversation about the current state of Bitcoin. This leads to a conversation about the debt ceiling and how the Republicans are fighting on it. This leads to a discussion about the current state of the Republican party and the current state of the Union. Spoiler alert: it's bad and it might get worse. This leads to some banter about what would happen to the podcast if Luc or Nate died. Then we finish out with a discussion about Apple's plan to surveil its own customers. --- Send in a voice message: https://anchor.fm/idratherberight/message
This episode is all about Bitcoin. We jump back and explain Bitcoin from the beginning and in the order that Nate thinks it's best to understand it. This starts with a discussion about how Bitcoin is money and that leads us to discuss what money is, what problems it solves, and what properties make for good money. This hopefully explains why certain people find Bitcoin valuable. Then we address various Bitcoin concerns including is it secure, is the volatility something to be scared about, will the government shut it down, a short discussion on Bitcoin vs other cryptocurrencies, and the environmental impact of Bitcoin. Then we move onto various technical questions including what a public address and a private key are and how they are generated and stored. Then we discuss how to safely secure your Bitcoin and what happens if you lose your hardware wallet or forget your password. Then we have a short discussion about the distinction between a full node and how it differs from a mining rig. Lastly, we discuss where to buy Bitcoin including how to access it in your retirement accounts. Here is our longer podcast on Bitcoin vs Altcoin Investing. Keep in mind it's NSFW. And here is the podcast with our long discussion on the impact of Bitcoin on the environment. Here is Nate's "Bitcoin Starter Guide" which has links to his favorite products and services. And here is a link to Nate's favorite Bitcoin resources. Here is the book Nate mentioned: "The Bullish Case for Bitcoin" by Vijay Boyapati. Here is Nate's other favorite podcast episode as an introduction to Bitcoin: "Bitcoin Is Not What You Think It Is" on Bitcoin Audible with Guy Swann. Here is the article by Gigi called "Bitcoin is Time" and here is the audio version of it. If you want to start dollar-cost averaging into bitcoin, Nate's favorite service is Swan Bitcoin. You can get $10 of free bitcoin using this referral link: https://www.swanbitcoin.com/NathanCPerry/ --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we close the loop on Nate's leveraged Bitcoin trade and discuss good and bad leverage. Then we jump into the main topic this week which is all of the supply chain issues that are impacting every aspect of the economy. And Nate issues a dire warning. Make sure you have all essential supplies that you need for 2-3 months. Make sure to check out this tweet thread by Preston Pysh. Then we talk about how easy money is impacting the economy, especially the housing market. Check out this graphic. --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we address you can, in fact, receive Bitcoin even if your hardware wallet is not on or connected to the internet. This somehow leads to a long banter session between Luc and Nate about prepaying for beers and how you could really mess with a bar. Then we dive into our serious topics. First, we start with Afghanistan and how our leaders have failed us. This is a long and rather serious conversation. Then we talk about Nate's Twitter habit and how Mark Cuban is engaged in immoral Doge pumping despite only owning $494 worth of doge Then we finish off with a long discussion about vaccine mandates and what's the best way to get as many people vaccinated as possible. Luc and Nate definitely have different perspectives on this one. Lastly, check out our new website: https://www.idratherberight.com/ --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we start off with some banter about Nathan's (fake) menagerie, running a drug cartel after being a successful hacker, and dating old poeple. Then it's onto the serious stuff with a discussion on the debacle around passing the infrastructure bill, inflation, and who wins and loses during these big spending bills. Then we discuss the Poly Network hack, the potential future value of Bitcoin, and whether it's a good idea to take on debt to buy more Bitcoin. --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we start off with a quick discussion about Covid dogs and Nate's adult summer camp adventure which segues into a discussion on the emerging Albuquerque social scene. This leads Luc and Nate into a long discussion on Native Americans and their history and current political beliefs. Of course, this being I'd Rather Be Right, this somehow leads them to discuss robots who contain your consciousness, cloning, the existence of a God, and an afterlife. And this discussion on the universe and God's creation of it naturally leads to the Marvel Cinematic Universe ("MCU"), whether Kevin Feige is a god, and Star Wars. This leads to a conversation about whether The Fast and the Furious is the best movie franchise in history. Then, after a 45-minute introduction, we finally get into our show topic which is how Bitcoin and its place in the infrastructure bill and how laws and regulations will impact the future of Bitcoin. Book mentioned in the podcast: American Nations: A History of the Eleven Rival Regional Cultures of North America by Colin Woodward YouTube video showing the tech used to make The Mandalorian: The Virtual Production of The Mandalorian, Season One --- Send in a voice message: https://anchor.fm/idratherberight/message
Sorry for the missed week. Apparently Luc and Nate don't have their shit together and need to make better plans about to what to do when one of them is on vacation. But the good news is this means you get two podcasts this week. We start out with a discussion about Olympics and how it may have a toxic patriotism. This leads to a discussion about how Nate grew up with a guy that may be a traitor. This leads to a discussion on good and bad maraketing, how it's similar to picking up women, fraud, and how magicians are honest frauds. Then we jump into a deep dive on Bitcoin and a bet between Luc and Nate. Also, this week Luc was WRONG! Books Mentioned This Week Tricks of the Mind by Derren Brown Debt: The First 5000 Years by David Graeber The Lessons of History by Will and Ariel Durant The Best Single Episode As An Introduction To Bitcoin Bitcoin Audible with Guy Swan: Bitcoin Is Not What You Think It Is --- Send in a voice message: https://anchor.fm/idratherberight/message
This week Jill is with us. First, we talk about billionaire space flight. Then it's onto a deep dive on all things Ted Lasso. This leads to a conversation about therapy. Then we talk about the book Thinking In Systems by Donella Meadows. And we finish out with Jill telling us everything we got wrong. --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we bought PukeCookies.com~! Tell us what we should do with the website. This, of course, leads to a discussion on disrupting the assassination market and Ross Ulbricht of The Silk Road fame. Then it's onto a listener question: How does Bitcoin help poor people? This includes a discussion on inflation, set monetary rules, dollar-cost averaging, saving in the dollar vs Bitcoin, why someone should invest in Bitcoin instead of altcoins, and whether the politicians who created our system were nefarious. Then it's on a discussion on Layer 2 (L2) scaling of Bitcoin and whether the recent ban of mining by China was good or bad for Bitcoin. If you want to dive deeper into how Bitcoin will scale check out Layered Money by Nik Bhatia. Don't forget to watch Ted Lasso on Apple TV+ and read Thinking In Systems: A Primer by Donella H. Meadows. Lastly, hit us up on Twitter with any of your questions or just to say hi: Nate, Luc, & the Podcast. --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we get into whether there are any winners in sword fight which segues into a long discussion on different books including The Book of Five Rings by Musashi, Musashi by Eiji Yoshikawa, Nate's favorite book Travels by Michael Crichton, A Case of Need by Michael Crichton, On Writing by Stephen King, and Proof: The Science of Booze by Adam Rogers. This leads to the creative benefits of beers and other strategies for increasing creativity which someone ends up with Luc pitching a gross business idea and then finally we get into a long conversation on architecture with a long discussion about Frank Lloyd Wright. This includes a diversion about movie-making in Albuquerque and various other diversions. Somehow we get into the joys of indoor plumbing and the issues we have with sewage. We then move onto a discussion on Apple and whether Nate should buy a new computer. And then we finish up with a quick warning about Sidewalk on Alexa products. Turn it off! Lastly, Nate is doing his best to get Luc to watch Ted Lasso so we can discuss it before the season 2 premiere at the end of July. So if you haven't watched it yet and want to follow along during that discussion, make it your next show to binge-watch. --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we start up with some updates that took place in Miami, then it's onto our regular show. Right out of the gate we get into the big news that El Salvador passed a law that officially made Bitcoin legal tender. This leads to a discussion El Salvador and its current affairs as well as how Latin America is treating Bitcoin which includes a warning on what might see from Bitcoin in this bull market. Then we have a quick conversation about the FBI confiscating the Colonial Pipeline hackers' Bitcoin. Then we finish out with a discussion about how Nate and Luc may or may not have been drugged in Miami. --- Send in a voice message: https://anchor.fm/idratherberight/message
First, Nate and Luc's discuss their history and review their first day of travel, which leads to an exciting talk about traveling and sightseeing by train. Nate then engages in an I'd Rather Be Right Tradition of talking down to a group, in this case, Montanans. Then they talk about how weird bitcoin people can be with their anti-mask tendencies and vaccine reservations. Then Nate drops knowledge bombs about the mRNA vaccine while debating what's worse, long-haul covid or a shot of the vaccine which leads to Luc and Nate making fun of people who say our immune system is enough without the vaccine. Then the guys compare and contrast the differences in how conservatives and liberals are dealing with this pandemic which leads to how they deal with wearing masks now that they're both vaccinated. The guys then shift topics and discuss what makes New Mexico special. The guys recount the time Luc found out one of Nate's favorite cities was ABQ. Nate then goes into the story about why this is so and Luc explains why he enjoys New Mexico and Nate goes on to recount his story of going to the Taos Pueblo in Taos, New Mexico, and how it touched him and this leads Luc to talk about his favorite thing to do on his long mountain runs. Trust us, this all connects. This all leads to a long discussion on ancestors and our shared history, first, with Nate reminding the audience about how brutal our ancestors were and this leads to a discussion about slavery and how 'old times' were only three people ago. Then Nate jumps on his historical soap box, as he is want to do, and talks about how the founding fathers felt about slaves and dives deep on George Washington; this leads to the guys shared natural hate of Robert E Lee and mocking people who stormed the capital and followed Trump. Luc then needs a break and Nate guesses what his answer would be to a question. This leads to the biggest shared question the guys want to resolve this weekend in Miami: just who the fuck are bitcoin people? This leads to the guys discussing what they're interested in finding and experiencing at the Bitcoin conference and the danger the conference poses to the conference attendees. The guys then get into why many people misunderstand bitcoin, specifically, because of its inherent multi-disciplinary nature. This leads to a discussion about bitcoins Layer 1 & Layer 2 and Eth vs. Bitcoin. Luc then attempts to explain what makes bitcoin decentralized and what that means in relation to Amazon & Facebook. Nate then gives some homework to help understand bitcoin, namely understanding how the internet works, and that suggests you should buy bitcoin (insert Luc sarcastically shouting "shocking!"), so you begin to learn how it works. The guys then wrap up the pod with why Nate came out to Miami and update on what they'll be doing this week. --- Send in a voice message: https://anchor.fm/idratherberight/message
First, this was supposed to be a book report. It largely wasn't. Right out of the gate, we introduce our special guest, Jill (last name unknown to protect the guilty and innocent alike). Then we hit some Bitcoin updates including updates from both Apple, PayPal, and the Bitcoin Miami conference. This leads to a discussion on beer, why some cities have a great beer scenes, and others don‘t. We discuss an idea Nate has for a club and what makes for good nightlife scenes. Then eventually we get to The Alchemy of Finance. Of course, this being Nathan, he brings it back to Bitcoin and other digressions. With some help from Jill we actually get back to the book for a bit. This also leads to a discussion about one of our favorite topics, what the future might look like. This leads to a discussion on ransomware, cyber terrorism, and the importance of CISA. Then we get into how Luc is both younger and more adult than both Jill and Nate and whether Nate wants a family. Then we get into a question that Jill's fiancĂ©e had on aliens and we revisit the UFO episode for another possible scenario that is a hybrid of two we talked about in the previous episode. This leads to a discussion the government used subterfuge in WWII and the discussion on subterfuge leads to whether we could do different jobs such as being a spy, whether spies are good people, and the different types of lying. This leads to a conversation on honesty, full disclosure, and lies of omission in the context of dating. This goes into a larger conversation about dating. Then it's onto the real conspiracies around Jeffrey Epstein, why Anthony Fauci is Nate's personal nemesis, Covid vaccines and how they impact mask wearing. Also, please let us know if you'd like to hear from Jill once a quarter as she gives her female perspective on all of the things we got wrong. Book mentioned during the podcast: Bodyguard of Lies: The Extraordinary True Story Behind D-Day by Anthony Cave Brown --- Send in a voice message: https://anchor.fm/idratherberight/message
The guys finally take on the UFO question! Are they sun flares? Do the pilots who see these things know what they're talking about? Maybe they're just bad at their job. If you don't stay up to date on all the UFO theories and evidence, this episode is for you! Nate plays the skeptic while Luc fills him in on the history of UFO sightings, including David Fravor's story recently featured in the NY Times. They then go back through the story of Roswell NM, The Invasion of the White House, sightings at Nuclear Silos, and the Rendlesham Forest, finally returning to the present. Then the guys discuss what these sightings could be? A Darpa project went awry? Maybe it's aliens? Or could it be something else? The guys finally reach a conclusion, and I think you'll be surprised and maybe even convinced yourself. If you want to take a deeper dive, check out: The Phenomenon on youtube:https://www.youtube.com/watch?v=eviKoBUIkWg --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we start off with a quick summary of the events surrounding Bitcoin for the day and then we jump back in time and walk through how it all started a week ago with Elon Musk and walk the listener through the week. Then we discuss learning about Bitcoin and question whether Elon Musk really understands it when he compares it to Doge. This leads to a discussion on why Bitcoin has an average 10 minute block time and why the block sizes are the size they are. This leads to a conversation where we compare some of Ethereum's differences to Bitcoin. This leads to a conversation about engineering choices and trade-offs and how that applies to Bitcoin. We discuss a digression about one's coding knowledge and how much someone must know in order to understand Bitcoin which leads to a discussion about outsourcing one's thinking to trusted third parties and practical trade-offs based on technical expertise. Then we hear Luc's case for Bitcoin. Then we have a quick digression about visa fees, externalities, and the history of Five Guys. Then we finally get to the Bitcoin Crash, how it happened, and how we see things working out in the future. This includes a comparison between equities and Bitcoin, why Bitcoin is antifragile, and the importance of zooming out. As a reminder, you've got one week to read The Alchemy of Finance by George Soros before we discuss it next week on the podcast. It's also on Audible. Here are the various resources mentioned in this podcast: The Podcast Episode Where We Discuss Bitcoin's Energy Consumption Favorite Bitcoin Resources What Bitcoin Did with Peter McCormack Lessons of History by Will Durant --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we get into Nathan's birthday party and his review of Elon Musk on Saturday Night Live. This of course leads to a discussion of sketch and improv comedy. Then we talk about Covid vaccines. Then it's onto Bitcoin, CPI, and the current state of inflation. This is a deep dive into the Consumer Price Index (CPI), how it works, and how inflation happens including a discussion on Modern Monetary Theory (MMT). All of this of course is wrapped in the context of Bitcoin as an inflation hedge which leads to a discussion of how a Bitcoin world might improve these issues. This leads to a discussion on systemic economic issues including the Russian cyberattacks and specifically the attack on the oil pipeline. Then we get into how these various issues impact issues like price gouging and how they might be addressed. We discuss the need for a carbon tax. Then, in the end, Luc admits that Nathan was right. (Note: this was written by Nathan and he very much wanted this on the record.) --- Send in a voice message: https://anchor.fm/idratherberight/message
"We don't have any topics written down for this episode." "Let's just wing it." Bad idea. Everything started out normally on this episode. We got into Cryptocurrency including, Doge, Bitcoin, and Ethereum. This included a long debate on whether it's possible to change Bitcoin. Then we moved onto whether it's a good idea for the United States to waive the covid vaccine IP protection so that other countries can manufacture them. And we did a quick hit on the GOP trying to remove Liz Cheney from a House leadership position which naturally turned into a discussion on whether Trump will run again in 2024. THEN everything went crazy at the 41-minute mark.  We discuss and joke about getting rich and selling out and how we humans are obsessed with sex and mating behaviors. This leads to a discussion along with some jokes about how weird it must be to grow up with the internet and how screwed-up kids are going to be as a result. And of course, Luc pitches his idea for Bitcoin porn. This episode is liable to self-destruct sometime in the future so enjoy it while you can. --- Send in a voice message: https://anchor.fm/idratherberight/message
We are back from spring break! The podcast starts with the boys discussing Nate's medical scare. Is he going to die? Did he get injected with superhuman drugs like Captain America? Tune in to find out! They then have a lively discussion about the FDA's drug schedule and how it was so right about marijuana. Naturally, this leads to more takedowns of the governmental system, starting with the education system since President Bidens came out with a new proposal to aid families with child care. Not to be outdone, Nate then explains his disagreement with how the CDC has handled the whole pandemic and those who hang on their every word by being overly cautious even though, with new information and evidence, we should be changing our outlooks. Of course, the guys get into a discussion about Cryptocurrency and how even though many people made the right choice to invest in bitcoin, maybe they don't have all the tools of sensemaking to make other good decisions - like wearing masks. Similarly, they speak about Dogecoin investors who, while they may have gotten rich and lucky, will have difficulty holding onto their newfound wealth through similar mechanisms of poor sensemaking as discussed with the bitcoin anti-maskers. Thanks for listening and subscribing! --- Send in a voice message: https://anchor.fm/idratherberight/message
First, we talk about how Nate got blocked on Twitter which leads to a discussion on how geniuses go crazy and make less good art as they get older. This leads to the cyclical nature of the world including how rare it is to have great investing ideas, which of course, as it inevitably does leads to Bitcoin. If you want to skip hearing about Bitcoin this week, skip to 20:10. After some Bitcoin, we start talking about Luc being a new dad, what it might have been like to live in ancient Egypt, and then, via a random segway about Native Americans who used drugs, onto the mostly cons of drug usage. Then it's onto the joys of Albuquerque, raising a kid in Albuquerque, and what it must be like to have a kid in school during the pandemic. Then what it will be like for kids who lived through this event and the current state of our nation. Spoiler alert: it's not good. Somehow this leads to the death of Prince Phillip and the insanity of monarchies and different options for governmental organizations including the importance of logistics within organizations including the government. Then Luc tells the story about being stranded in the middle of nowhere that is straight out of a horror film. Then we somehow get into an NSFW discussion about OnlyFans & porn in the current era, and whether we'd want a unique superpower. Then it's time for an I'd Rather Be Right tradition of sharing negative garbage opinions about a random group, in this case, hot girls as Luc calls them out for their privilege and he calls his friends out for not reading enough. But then we find out it's really Luc who secretly can't read. We finish off with a quick hit on the Coinbase IPO and some of the more extreme aspects of the Bitcoin community. --- Send in a voice message: https://anchor.fm/idratherberight/message
Summary: Luc's big news! He's a new dad. This being us, this leads into a discussion on the science of babies, child-rearing, and Luc's experience in the hospital. Then we get into the benefits of siblings which, of course, leads to travel experiences, Luc's hatred of the French, and how much he appreciates that Berlin knows how to party. Then we move onto how we made the United Kingdom our bitch, how African Americans gave us great music, and how classical music just sucks (because it's not an I'd Rather Be Right podcast if we haven't insulted a random group with our garbage opinions, in this case, classical music lovers). Then it's onto the news that we will be attending the Bitcoin 2021 Conference in Miami on June 4-5. And then we are off onto Bitcoin. First, we start off with a long discussion on Bitcoin's energy consumption, then the various hypothetical futures and outcomes involving Bitcoin, what happens if China decides to effectively fork the Bitcoin network, and what it would be like to be Bitcoin rich. Then we finish out on why Mark Cuban is wrong about Ethereum and a discussion on decentralized finance. Also, if you're interested in reading the letter where the Norwegian company, Seetee, discusses the future of Bitcoin energy, here it is: https://hope.com/content/dam/hope-assets/collateral/seetee-io-shareholder-letter.pdf Lastly, don't forget to read The Alchemy of Finance by George Soros which we will be discussing in a few weeks. (Sorry conspiracy theorists. That episode won't be for you.) If you want to start dollar-cost averaging into bitcoin, Nate's favorite service is Swan Bitcoin. You can get $10 of free bitcoin using this referral link: https://www.swanbitcoin.com/NathanCPerry/ --- Send in a voice message: https://anchor.fm/idratherberight/message
This week we start with Marvel, DC and the genius of Kevin Feige, and how interesting screenwriting is as a business. Then we touch on Tesla accepting bitcoin, which is very exciting! This moves us to the all-important tax implications for bitcoin, which naturally leads us into tax loopholes and how Nate would fix ‘the Billionaire problem.' Bitcoin taxation (https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions) After, they lighten the mood with a talk about the expanse and how it's great storytelling. Jeff Bezos and Amazon are covered, along with Marketing and Steve Job's brilliance when it came to brands. They finish up with talk about Bill Gates's evil plan to block out the sun and getting rid of mosquitos --- Send in a voice message: https://anchor.fm/idratherberight/message
The guys start the episode off with Nate enlightening Luc on boating. Luc growing up in the desert has no idea about living near water. Nate then gives his solution to the Union Parasitation problem. And of course, they always touch on bitcoin and make jokes. Enjoy! --- Send in a voice message: https://anchor.fm/idratherberight/message
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