Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is sponsored by nexus.io, neer.org, and Genesis Trading, and produced and distributed by CoinDes.

What's going on, guys? It is Monday, May 3rd, and today's one of the types of shows where it's

kind of like an extended brief. Each of the topics is shorter than a full-length show, a little

bit longer than a brief. It's because there's a lot of different news that justifies part of a show,

but maybe not the

whole show. To kick it off, let's talk about the controversy from this weekend. There were two

examples of people ragging on Bitcoin this weekend that had the community inflamed. The first was

comedian Bill Maher. He tweeted, cryptocurrency is like Tinkerbell's Light. Its power sources based solely on enough children

believing in it. And unfortunately, what is real is that its growth could single-handedly

push global temperatures above the tipping point of 2 degrees Celsius. He then linked to a video

of his 8-minute segment on this topic. So a few thoughts about this. First, I swear I don't know

anyone who gives a crap about anything Bill Maher has to say about anything anymore. He's been

so amorphous and unclear about who he's trying to piss off. I guess maybe there's some weird

set of people on the boomer Gen X cusp who actually care, but honestly at this point, I just don't

know. Second, a huge number of very important things in our lives exist only because big groups

of people believe them to exist. It's kind of an important part of human existence. So there's that.

Third, and much more importantly, this two-degree Celsius claim is from the thoroughly debunked paper

of the same title from the

University of Hawaii in 2018, Mora at All. You've heard about this ad nauseum if you follow

Nick Carter or if you heard my reading of Nick Carter's piece from a few weeks ago. This is just

...