Cognitive Enhancement

Every passage, on the record.

1. 00:00Claim

   Does the advantages that adopting a Bitcoin standard in your own personal life, does that give you a performance advantage over your competitors? In a world full of scarce resources where competition is fierce for control over those resources, does operating on a Bitcoin standard make you more efficient? My answer is yes.

2. 01:40Analogy

   there are only 53 roster spots, there are a ton of individuals who would love to play at that level, and it is brutal and cutthroat, and one minute you have a job and the next you don't... the difference between making that roster and not making it is hundreds of thousands of dollars, right? Multiple Bitcoin, if you are able to make that roster.

3. 03:03Reference

   Back in the Mark McGwire days when everyone thought he was taking creatine, he was actually used to the tits.

4. 03:35Claim

   The risk to reward ratio is so highly skewed by the potential for massive returns, especially in something like the NFL, that of course a certain subgroup of any domain can then rationally defend their decision to take a step farther out on the risk curve than their competitors.

5. 05:51Claim

   If they can boost their productivity, even marginally, they will have access to more opportunity, more potential earnings, more social status, more power, more respect. Essentially, all of these things equate to more energy reserves.

6. 06:24Claim

   we know that at the base layer, all human action is undertaken to increase the probability of survival, right? The main way humans increase the chances that they are able to stick around for another day is to ensure they have access to energy reserves.

7. 06:24Quote

   at the base layer, all human action is undertaken to increase the probability of survival.

8. 07:26Claim

   That lays the base of the argument, which is that Bitcoin is a performance enhancing upgrade, but it's to the collective wetware of mankind that you can undertake on an individual basis.

9. 08:00Claim

   Bitcoin allows humans to unlock more energy by being the best form of money ever invented. Individuals that understand Bitcoin and employ it in their own lives will benefit enormously from it. They will operate at a massive advantage relative to their competitors.

10. 08:00Prediction

    This advantage will remain in place until the rest of the field realizes that they are being outcompeted.

11. 08:35Reference

    this is almost like the Barry Bonds, Balco thing.

12. 08:35Analogy

    Another way to think about this is often talked by Michael Saylor about fire. Fire, if someone came up to you or if you saw someone using fire, you wouldn't be upset that they showed you fire. You wouldn't be jealous that they came up with this great idea.

13. 09:10Reference

    Another way to think about this is often talked by Michael Saylor about fire.

14. 09:41Quote

    Because you can have fire and I can have fire. And we can both be better for it.

15. 10:11Claim

    At a certain level, everybody's pretty good. Everybody's been playing for a certain amount of time. Everyone's built up very similar skills. The things that differentiate the absolute best at a position or at a sport versus the second best is incredibly small. So little tiny advantages again become massive.

16. 10:47Claim

    As a species, we have evolved to be hyper efficient at accessing energy reserves by lowering the entropy in the world around us.

17. 10:47Idea

    As a species, we have evolved to be hyper efficient at accessing energy reserves by lowering the entropy in the world around us. That's what we're doing. We're creating this little order where we have these energy reserves on demand whenever we need them.

18. 11:18Claim

    So you've got the actual unlocking of the energy, which is the work, and then you have the storage or the redeployment of the energy reserves. Individuals who adopt Bitcoin are better in both domains.

19. 12:19Claim

    Because past energy can't be debased, future calculations are significantly more accurate. You have better information to operate on. You know where energy needs to be allocated to.

20. 13:20Analogy

    another way to think about this is a captain at sea. Is it easier to navigate the boat?... Or would you like to be in the middle of a hurricane?... That is the noise that comes from the markets because there is so much manipulation in the values. Whereas in Bitcoin we eliminate all of that because there's only one way to get Bitcoin. There's only one way to access the network. And that is energy in. So you can't fake it. You can't manipulate that market.

21. 13:54Quote

    There's only one way to get Bitcoin. There's only one way to access the network. And that is energy in. So you can't fake it.

22. 14:26Claim

    So all you have is pure signal. Significantly easier. You're going to be more efficient.

23. 15:00Claim

    we're more able to shift direction based on current conditions... you still have to be able to release that energy or to deploy that energy when you see that it could be allocated somewhere else... you need that ability to shift direction quickly and nothing is quicker than Bitcoin.

24. 16:07Claim

    you can plan out further in the future if your energy is properly stored in a fashion that you know can't be confiscated, diluted or jeopardy in any other way... You know that it can't be confiscated. You know that it can't be diluted. You know that it's not a jeopardy... you don't have to do that if you're properly custodying the Bitcoin that you have.

25. 16:38Analogy

    imagine that Bitcoin is another dimension. That is where it holds your energy reserves. That's where it holds the value. It's in another dimension. All you have to do is next to you just pretend that there is a zipper in the fabric of space and time. And you can just zip it open. You can drop your energy or drop your value in there. And then you can zip it back up... No one knows that it exists. No one can take it from you. No one can seize it.

26. 17:09Quote

    No one can seize it. No one can do anything unless you open that zipper.

27. 17:20Quote · condensed

    Bitcoin really is an upgrade to our wetware.

28. 17:20Reference

    Bitcoin really is an upgrade to our wetware. It dramatically increases our ability to acquire more energy reserves.

29. 17:42Prediction

    The sooner an individual recognizes this, the larger the benefit they're going to receive.

30. 17:42Quote

    The sooner an individual recognizes this, the larger the benefit they're going to receive.

31. 18:14Idea

    you have to understand what cognitive enhancement actually means. Cognitive enhancement is the amplification or the extension of your core capacities of the mind through improvement or augmentation of internal or external information processing systems. And that is what adopting a Bitcoin standard does is we are augmenting an external information processing system.

32. 18:51Claim

    The way that we communicate with each other is the market... The data is they are the transactions that are taking place. That is the data. The information that comes from structuring those exchanges structuring those transactions, that becomes the market price. And the price of what the value of a Bitcoin is, is that information. So now we know where to allocate it. We can study that information, recognize patterns, and that becomes the knowledge. And then we apply it through intelligence.

33. 19:54Claim

    If we can process information better, because back to the captain example, the seas are not stormy. They are calm. And we can see miles and miles in front of us. We know when to shift course just a little bit.

34. 20:30Claim

    there are three main conceptions of cognitive enhancement... the second one claims that some function can be improved by diminishing the extent of what they do in their effects... the diminishment of a capacity or function under the right circumstances sometimes it's a lot easier for us to increase it.

35. 21:44Claim

    The first one will just be changing your time preference... if you have a lower time preference. Well, you know that you are going to have access to energy reserves that you previously unlocked in the future. So you can plan ahead, it cannot be debased.

36. 22:16Claim

    The diminished side is the trust... You no longer have to make that extra step of calculation of do I trust this thing to be true? We know that it can only act in that way. There's only one way to get Bitcoin. There's only one way to interact with the network. So the trust is the diminished side of things.

37. 22:49Claim

    the optimization side is the 21 million hard cap. That optimizes our energy calculations because we have a constant. We are optimizing our thoughts, optimizing the way that we make decisions because of that hard cap, because we have an economic constant.

38. 23:39Claim

    It actually leads to moral enhancement. If you up the ability for your cognitive skills, for your ability to function at a high level, it actually leads to moral enhancement.

39. 24:11Claim

    by enhancing our cognitive capacities that are associated with reasoning, well, that could help, that could enhance moral sensitivity in recognizing and responding to the rights, the needs and the interests of others.

40. 24:44Reference

    we've often heard the Space Force dude talk about this idea that proof of work will lead to mutually assured prosperity, right?

41. 24:44Reference

    this idea that proof of work will lead to mutually assured prosperity.

42. 26:03Analogy

    it's like the wolf example that people often talk about where when there are two competing wolves for the alpha position and they get into a fight, the person who is, or the wolf that ends up on top, the wolf that defeats the other one, doesn't kill the other wolf because that would be detrimental to their own survival. They need the other wolf. They need the second best because that makes the pack stronger because then they can project more force, more energy when they have a stronger pack together.

43. 26:48Quote

    They need the other wolf. They need the second best because that makes the pack stronger.

44. 27:20Claim

    the more energy reserves that someone else makes available plugs into the system, everyone wins.

45. 27:52Claim

    Bitcoin really is a performance enhancing protocol. If you adopt it in your own life, you gain advantages that other people don't have. Yet they exist and they're not illegal.

46. 29:03Prediction

    They will recognize it so much so that they will not be able to resist. At a certain point, they have to capitulate and they have to join because those advantages will be so large.

47. 29:03Quote

    At a certain point, they have to capitulate and they have to join because those advantages will be so large.