4.7 • 1.2K Ratings
🗓️ 27 April 2022
⏱️ 45 minutes
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0:00.0 | We've heard predictions of the imminent economic collapse in the West for decades, |
0:04.4 | but with the Fed printing more US dollars in ever before in history, |
0:08.7 | the signs of the end sure seem to be drawing nearer. Today we speak with an author who's been |
0:14.4 | writing about these economic and political issues in fiction books, but he's an OG in the crypto |
0:19.9 | world and is able to tie it all together with an interesting narrative. So join us as we welcome |
0:24.8 | Lars Emmerick to the show and ask the question, is this the end of the US dollar on a thrilling |
0:31.9 | episode number 605 of the back crypto podcast? |
0:37.2 | Five, four, three, two, one, two, three, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two |
1:07.2 | one, two, one, two, one, two, one, two, one, two, |
1:37.2 | one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, |
1:52.2 | one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one |
2:22.2 | two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two |
2:52.2 | one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one |
3:22.2 | two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two |
3:52.2 | one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one |
4:22.2 | two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two, one, two |
4:52.2 | but, um, but yeah, and that sort of led me down the bunny trail and, and I don't know how I stumbled upon it. And yet you did, and then here you are. |
5:02.2 | The career around in your pocket, it sort of just exists out there. And, um, so I got really intrigued with the idea and, uh, placed an order for one of the first, uh, ASIC mining rigs. |
5:16.2 | Say one of the, I don't know exactly if it was the first, I don't think it was the first, but one of them was built by company called K and C minor and it was called the Jupiter minor. |
5:25.2 | And so I placed this order and, um, wired this money over to some strange bank and some strange location and I was like, yeah, I don't know if this is going to work out, man, you know, I'm glad this is not dinner money or mortgage money because who knows where this is going. |
5:40.2 | And of course there are production delays and, and as the minor kept getting delayed, the price of Bitcoin kept going up and so did the, sorry not the price of Bitcoin, but the difficulty kept going up. |
5:54.2 | And so at one point I even emailed and I was like, hey, can you please cancel this order? I feel like I've already missed the party. I'm way too late. |
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