Hi, this is Charles Hoskinson broadcasting live from warm, sunny Colorado. Always warm, always sunny, sometimes Colorado. Today is June 15th, 2025, and I'm making another surprise AMA. People love these surprise AMAs. I hope my connection is all right and everybody can see me in the comments. Things are good; I hope so. Let’s take a look here and make sure my VPN isn’t getting in the way. Yeah, it loads fine. Everything should be okay.
A lot going on, huh? It’s been busy—lots of ups and downs. Governance is hard, and Twitter is hard. It’s extraordinary to me. For years, people have come and complained, saying, “We absolutely need to have stable coins on Cardano. When Circle?” For three years—actually, four years now. Then we say, “All right, what you’re really asking for is how do we get stable coins into Cardano because our ratios are terrible. It’s 9.8% compared to Ethereum’s 195% stable coin to TVL and Solana’s over 110% stable coin to TVL.” So we say, “Let’s go mint some stable coins.” And they say, “Oh, we can’t do that. It’ll crush the price of ADA.”
For years, I’ve sat at the nexus of the ecosystems. Anyone who wants to set up an ETF or some form of product, or some Japanese whale that wants to divest, they come to me first and say, “I need some advice. What do we do?” We know literally all the mechanics of how billions of dollars worth of ADA are traded on a monthly basis across the entire space. We say, “100 million? We’re really trying hard in 30 days, maybe a week depending on if it’s a good week. If you’re not trying hard, 60 days, 90 days—nothing’s going to move.” Then all these people come and say, “Oh, it’ll crash the market. It’ll go down 25%. ADA will die. It’s the worst time; we should wait for it to go up to $3 and then we’ll do that.” They just talk and say, “Well, that’s just your opinion, Charles.” You know, it’s our truth. It’s my truth. No, it’s called objective reality. There are subjective things like, “Is this painting pretty?” and there’s objective reality like cause and effect. If I do X, then Y happens. These are markets. We’ve been in these markets for a long time.
The number one problem in Cardano is stable coins and liquidity. The number two problem is getting the DeFi ecosystem fully operational. Number one is required for number two. That’s our problem. So we have things coming like Bitcoin DeFi, and that’s going to add a lot of assets into Cardano land, bringing in a lot of TVL from that and a lot of MAUs and transaction volume. Then we have to go find the yield products for them. There are plenty of RWAs and other things that come from Midnight to do that.
What’s really extraordinary to me is when you actually say, “Let’s go do something,” then people clutch their pearls and say, “Oh, I’m just not going to tweet anymore.” They say, “How dare you lack tact and speak so loudly? How dare you say things?” The thing is, do you want to be serious people or not? It’s a pretty simple conversation. Do we want to be serious people in the Cardano ecosystem? If we want to be serious, then we have to act seriously. If your competitors are going around doing things at the scale of hundreds of millions to billions of dollars, making deals, having courage, and taking risks, how do you compete against them? Conservatism is something you do when you have a monopoly, when you already have all the market share. It’s not something you do when you’re running behind. It’s just not. It’s that simple.
People have to grow up. I’m sorry, mean things are going to be said over Twitter. If you’re going to run away the minute someone calls you out when you speak out of turn and say things that are obviously wrong, you can’t take your ball and go home and expect support. All the people that will support you are those who already dislike others. But you know what? We have to move forward. In the next six to nine months, a bull run is going to start. A lot of things are going to happen, and a lot of capital inflows are going to occur. People will make decisions about what standards to support and what standards not to support. It’s pretty simple. It’s not hard to understand. It doesn’t take a genius.
Honestly speaking, if Cardano wants to be taken seriously, we have to act seriously as an ecosystem. We need to get budgets done. We have to speak with one voice as an ecosystem. We have a foundation that refuses to deploy any of its endowment into the ecosystem. That’s just a fact. Where is the TVL they’ve created when compared to other foundations? We have a backup plan; it’s called the Treasury. But if every single time we touch it, it takes 6 months, 9 months, 12 months, and 40,000 opinions appear with no boldness, saying, “Oh God, we can’t do that,” it’s nonsensical. They say things like, “Well, that’ll just be a $100 million spend.” How is it a $100 million spend if it’s being converted from one asset to another, and the asset you’re converting to is a stable coin? You can just buy the ADA back, and if you’re arguing it’s going to crash the price, you’ll actually buy more ADA back than you sold.
Come on, guys. Honestly speaking, we have to be better and smarter. As an ecosystem, we need to stop destroying ourselves, stop being so caustic, and stop being so dramatic and pearl clutching. There are processes to do things, and every time we try to embrace the process, it seems like people want to tear it apart for the sake of tearing it apart.
They say, “Let Intersect do the budget thing.” Oh no, we can’t do that. “All right, why don’t we do it this way with this off-chain thing?” Oh no, we can’t do it that way either. Now we have 39 things that have to be withdrawn and a high threshold for each one of them, so a lot of them aren’t going to make it. After months of pushing hard to try to make it, they’ve been left at the altar, and many will probably end up leaving the ecosystem or not wanting to engage anymore in the treasury process because they feel it’s not a fair process. Is that a good outcome? Is that what anybody wanted? No. But that’s where we are because of this endless thing.
The NCL 350 passes, and they say, “Oh no, we can’t accept that,” even though it passed with a super majority. Let’s go try to push for a 200 NCL for reasons. What are we doing? It’s not serious. It really isn’t.
Gosh, we have to be ready. The technology is amazing. Lace is looking great. All the work with Plutus B4 and what’s happening with Intense is getting our act together on the DeFi layer. There’s a great story with Bitcoin DeFi, and there’s a great story with Midnight. There’s an enormous amount of stuff working well for us as an ecosystem. But we have to have a little bit of courage on the governance side and say, “You know what? If we make mistakes, it’s okay. If the price goes down a little bit, it’s okay.” People buy based on vision.
What are we broadcasting to the world with this nonsense? We have so little faith in the liquidity of our ecosystem and its long-term value that it’ll be catastrophic if someone holds a $25 billion asset and sells it. Bitcoin went through the collapse of Mt. Gox, where a third of the entire supply of Bitcoin was lost, and it’s still around. It’s a multi-trillion dollar asset. You talk to any Bitcoiner, and they’ll say, “Do you think Bitcoin’s going to collapse if XYZ happens?” No, it’s Honeybadger; we don’t care. We’re here forever.
You have to have that mentality and mindset. People ask, “Is Cardano going to be around in five years?” Yes. Is Cardano going to be more valuable as an ecosystem in five years? Yes. You have to believe it. You have to fight for it. Then it’s about what KPIs are necessary to get us there, what strategy is necessary to get us there, and how much do we need to spend. Done.
Or we could just sit in circles all day long. You have no idea how frustrating it is to be on the Midnight side of the aisle. In any other ecosystem, Midnight would be regarded like a Roman general returning home from a triumph after conquering some distant land and bringing all the booty back. You have an airdrop to 37 million people, where Cardano is the number one distribution, which will bring millions of MAUs into Cardano and massive transaction volume. We negotiated and made Cardano connected because it’s a Cardano native asset to tons of people that ignored us and left us behind. It adds a ton of utility and use cases to Cardano and bridges for Cardano to all the other ecosystems. It pays its block rewards to ADA holders and stake pool operators, providing a second revenue stream for those who are hurting.
Under ordinary circumstances, everybody would say this is the best thing ever to happen in the history of Cardano. But then you have all these people running around saying, “Oh, well, it’s just abandonment of the chain. It’s parasitic and bad for Cardano.” You’ve got to be serious, people. You really have to be serious.
Don’t make it this hard for people to build on Cardano, and don’t make it this hard for people to participate in governance. We need to grow up as an ecosystem. Honestly, it’s so unproductive and sad. It’s just getting so bad and exhausting. What are we doing? The other ecosystems aren’t doing this to their people. They’re not. When you go in, they say, “Oh, that’s cool,” and they’re excited and want to work with you. Here, we just can’t resist as an ecosystem but burn people to the ground for what? What do you gain? What do you benefit from? Where’s the upside in all of this?
You’re literally setting the food on your table on fire for the sake of setting the food on your table on fire. I don’t know; it’s incoherent to me. People ask things like, “Are CNTs eligible for the Midnight drop?” No. Why would they be? The entire point is to bring the layer ones in and bring people from outside the ecosystem into the ecosystem. Midnight is connected to ADA; it is connected to the consensus system of Cardano. How would we even begin to connect the CNTs? Then I’d have to pick winners and losers. I’d pick 50 CNTs, and then someone would say, “What about the 51st one? How dare you?” I’d pick that guy, and then someone would say, “What about the 52nd one? How dare you?” We’re just moving water from one side of the bathtub to the other, creating an endless fight with everybody.
They say, “But it’ll hurt the CNT ecosystem.” So, let me get this straight: getting a CNT listed on major exchanges hurts the CNT ecosystem? Having a CNT that’s worth over a billion dollars on CoinMarketCap hurts the CNT ecosystem? Getting all the custodians to support CNTs hurts the CNT ecosystem? Getting third-party wallets to not only list ADA but also list CNTs hurts the CNT ecosystem?
It’s just so out there, guys. Come on. So anyway, that’s my weekend. That’s why I like doing these AMAs with you guys because at least we get to talk about stuff, and it’s not the same conversation again and again. By the way, no one’s going to sell CNTs to get the drop because the drop is going to be retroactive. We’ll announce it, and we’ve already taken the snapshot, so no one knows what’s going to happen. You don’t manipulate the market. That’s the biggest mistake people make when they announce a drop, saying, “Oh, a month from now we’re going to do it.” Then it disrupts the market. You announce it, and it’s already been snapshotted.
Yeah, cry me a river. I’m a fan of IO Educate. Thank you. There are some people that are, and there are some people that aren’t. What makes Cardano, Bitcoin DeFi, different from other chains claiming to be a Bitcoin layer 2? We’re not a Bitcoin layer 2. Cardano is a layer 1. Bitcoin’s a layer 1. There’s a trustless bridge mechanism being constructed with BitVMX to enable transfers back and forth. When you take your Bitcoin and put it onto Cardano, that is run by the Cardano network, and Cardano’s network doesn’t derive security from the Bitcoin network. So it’s a true partnership between two chains.
Cardano offers a lot to Bitcoin. It can be the DeFi layer because it’s an application model. You can actually write Bitcoin applications and push assets like stable coins and NFTs to the Bitcoin system. You can use Taproot to secure elements of your trust model, meaning you can blend things from Taproot into Cardano and back. Layer 2 generally speaking derives all their security from the other network and lives and dies usually by multi-IG bridges or other things like that in practice, and that’s not the case here. You get the full decentralization of Cardano, the extended UTXO model of Cardano, and the dev model of Cardano.
Oh, Charles, is Daedalus eligible for a Midnight airdrop? The Midnight airdrop requires a SIP 30 compliant wallet, which Daedalus is not. What you do is take your recovery phrases and recover in one of the wallets that do support that, and then initiate the airdrop DApp. Daedalus is being deprecated over time and will probably be taken over by a coalition of community members. We on the IO side are going to work on a Lace full node that’s vastly superior to Daedalus, and the community should be able to upgrade things quickly. It’s just long in the tooth. Electron is not the right codebase to go with, and there are a lot of things to enhance Daedalus and make it significantly faster, like a Mithril-enabled full node. We’re bringing those into Lace desktop.
How are the discussions going with integrating Chainlink? The problem with Chainlink is that there seem to be two factions within Chainlink. There’s the leadership of Chainlink that I’m friends with and know very well, like Sergey Nazarov. I even have his personal number, and we always get along. We serve on panels together, and every time we talk, we say we should do more together. Then there’s the business side of Chainlink where we say we’d like to integrate, and they say they’d like to do that too, but it just never really goes anywhere.
I’ve offered numerous times to say, “We will personally spin up a dev team and have that dev team actually do the integration.” They’re telling us there’s now some sort of integration library on the horizon, similar to Coinbase with Rosetta, where it’s self-served. Whenever that comes out, we’ll just do that, and then I think we have the integration. But it’s not a business thing; it’s not a fees thing. They want all this money, and no one’s willing to pay it. I think it’s legitimately just they see the size of Cardano’s DeFi ecosystem, and because it’s small, they don’t make it a priority.
I don’t think it’s personal; I just think it’s a priority queue, and they’re very busy. They got very aggressive in 2021 and dialed back dramatically because of FTX and Luna, and now they’re starting to dial up again for the bull market. If it’s a code thing, we’re there. I ask every week. Mike Ward looks into it, and JJ looks into it. We just never seem to get there with it. We’re looking at Pith and Flare and a lot of other oracle options, and we need them in the ecosystem. Obviously, there are homegrown options as well. We’ll figure it out, but there also have to be users of the oracle. It’s not good enough to get Chainlink; the Cardano DApps have to make a decision. Are they actually going to use that oracle, or are they going to use another option?
It’s a broader conversation. What’s so crazy is it’s always a scandal, a demerit, and an attack. That’s what makes it so degrading to do these types of things. So, Chainlink is not here; someone must be at fault. Charles Hoskinson is an evil man. He lied to us. He’s incompetent. He’s incapable of doing these things. It’s always that. Maybe, just maybe, these two things can’t work together for some reason. People are trying, but it’s either a business thing, a technology thing, a timing thing, or a priority thing. Nobody’s bad; maybe that’s the case. That’s what’s so frustrating about a lot of these things.
It’s true that deals fail from time to time. One of the biggest issues with Circle is not the $26 million or whatever the listing fee is these days. It’s who mints the first hundred million worth of USDC and actually deploys it. They don’t want to just create a deployment and then it’s there, and you can do native issuance, and no one uses it. It’s a waste of their time, even if they’re paid. They want people to mint the stable coin. It’s the same for Tether. So, who’s going to be the money for the first hundred million, or $200 million, or $300 million? They’re in the business of scale. They want nine figures and ten figures worth of their coin minted on a regular basis.
We, as a DeFi ecosystem, currently have $33 million worth of stable coins minted. That’s where we’re at. Our foundation refuses to mint any in a meaningful scale at all, whereas other foundations do on a regular basis as part of their investment strategy and ecosystem-building strategy. We have a treasury with $1.2 billion in it, and we, as an ecosystem, could go and use it to mint some stable coin and deploy it into the ecosystem. You see the
What we need to do is be competitive in every conversation when people ask, "Who should I build on?" So, where are those conversations happening? And why isn't there a Cardano logo there? If there's no one accountable for that, let's find someone who is. We should cut them a check to ensure they're there every day. Better yet, why don't we find people like Patrick Tobler or others who are doing a great job of growing the brand and give them the resources they need to keep growing instead of eating our own? Let's do that.
When others hear this, they say, "Gosh, these Cardano people have their act together. They're angry, they're aggressive, they're fired up. I want to compete against these guys. They're going to win; they're tough." It's one of those days, guys. You need a poster in the back room that says, "Grow up." Life was hard back in the day. Imagine being a warrior in Gaul, getting kidnapped, turned into a slave, and thrown into the coliseum. They'd say, "Alright, your job is to try to kill men with a blade and not get eaten by lions." Oh, really? Yeah, don't worry about it; it's going to be great. They got it done. Gladiators were mostly criminals or people in debt, slaves captured in war. Some were criminals, depending on the area and the era.
Will the health facility have any options for Ibagane? Ibagane, the great demon, is a plant that people take to go to a very strange place for a while. I would love to have a full-on psychedelics program, a plant medicine program up in Wyoming. It's going to require some laws to be changed for that to happen, and the federal government has to change some laws. One of the biggest sins in the history of modern medicine was the banning of psychedelics. They're very powerful, but they've been used in shamanic and religious traditions for thousands of years because they're tremendously helpful to people. Some very arrogant, close-minded people decided not only to ban them but to shut down all research and discussion about them. That's unfortunate because we have an epidemic of mental health issues in the United States. Depending on how you count it, between one in three and one in five people have a mental health issue. Some are so debilitating that they can't get out of bed and can't be productive members of society.
What we're told is that instead of taking these plants that have been around for a long time and have been found to be quite good for many people, we're going to give you drugs that we invented 20 or 30 years ago that have a ton of side effects we don't fully understand, and they stop working after a while. That's not a just or humane society. It's an unjust society, a nepotistic and corporatist society built to benefit the few at the expense of the many. One of the reasons I created my clinic was that I wanted to blend naturopathic and allopathic medicine. I think medicine should not create artificial walls. We should be more pragmatic and recognize that while there is science, there is also an art to medicine. If we discover through experience that something works, pragmatism should rule, and we should ask what the appropriate set and setting are for these types of things. We should give people the right to experiment as a society, and then you'll find that you end up helping a lot of people dramatically.
For example, why is it that when someone is diagnosed with stage 4 metastatic cancer that's incurable and they're in hospice, we don't automatically put them on a psilocybin trip? If you look at the data, the vast majority of people who do this can handle the end of their life much better than those who don't. The vast majority. So, it really doesn't have a downside, and it provides an enormous amount of comfort to people going through hell. Think about it. Let's say you're 50 years old and just not feeling right. You go to your doctor and say, "I'm a little tired." They say, "Oh, we'll look into it." Then they tell you, "Sorry to say, Bill, but you have metastatic colon cancer, and it's spread throughout your body. It's in your bones, and you have six months to live."
You're sitting there thinking, "My kids are in high school. I didn't get my retirement. I sacrificed and went to work every day since I graduated at 22. For the last 28 years, I've been going into the office and saving for retirement to live out my golden years. You're telling me I'm not even going to live till Christmas?" That's a conversation many internists and oncologists have had every single week in the United States. Imagine how that person feels when they're driving home. Imagine their lived experience and what's going through their mind. Our society looks at them and says, "Well, there's this magic substance that, if you took it, would give you some perspective. You could weigh your entire life and find some peace and comfort despite the fact that it's been cut tragically short. But we're not going to let you take that magic substance because someone who is now dead decades ago, who really hated hippies, decided that substance was bad for society. So, we're just going to withhold that from you. Anyone who even tries to give it to you, we're going to hurt them, and instead, we're going to let you drive home in sadness and feel like crap for six to twelve months."
Why do you tolerate it? Honestly speaking, why do we let the noise exist? When you hear a politician talk about this and say it should be banned, tell them that story and look them in the face and say, "Are you telling me that's not okay? Are you telling me that everything we're doing is just fine and that this is the way society should run?" Then they'll give you some noise and garbage and nonsense. Why do you vote for them? Why do you give them power? Because they tell you to, and that's how they control you. That's how evil happens—when people are neutral or don't take a position in the face of great injustice.
Now, I'm really rich, so I have the luxury of being able to divest and put assets in various places. I can take stocks and bonds and don't have to sit and park at a 9% return with Goldman Sachs. I can invest in building a clinic and start healing people. We can start changing laws, and that's what we fight for. It's a hard, long road, but because I have a lot, I can do that. When I do, we can finally open this treatment up. It doesn't change the reality for all the people who didn't get there, but at least the people who come after them will be treated with some degree of compassion and love.
Ibagane is just one of many examples, like ayahuasca, mescaline, LSD, DMT, and even salvia; they all have their uses. You need the right set and setting, the right practitioners, and the right research. By global prohibition, we're not allowed or able to do the research to figure out how and when and where to use it to help people. I love this: "Don't do drugs; find Christ." Well, God created all the plants, you know. So, let me get this straight: God creates the world and everything in it, including these plants. Where in the Bible does it say not to use them?
Is South America becoming what Africa could have been for blockchain and Cardano? Africa still is in the portfolio. People forget about RealFi; they pretend it doesn't exist. We're there, fighting hard. We lived through a war, for God's sake, and we still keep going. Kenya is a strong place; Uganda is a strong place. There's a really good Cardano ecosystem in Nigeria. Africa moves at its own pace, and you just have to get used to that ebb and flow.
Because of political changes in Argentina, the entire continent of South America is opening up in exciting ways. It could have happened in Ethiopia, but the prime minister badly fumbled the ball and made his country about his power instead of doing what was right for his people. Unfortunately, because of that, we lost a massive opportunity to have 100 million people enter the blockchain space. But our good friend down in Argentina, Javier Milei, did not let the people down; he did quite the opposite. He opened his economy, and now $100 billion of a $700 billion GDP is in cryptocurrencies. Argentina is likely going to be the first country of the modern era to have private money over central banks, and that will all be cryptocurrencies for private money.
So, yeah, it's a massive opportunity, and we're not going to lose it as an ecosystem. Cardano actually has a first-mover advantage. We had the largest office of any cryptocurrency in the top 10 in Buenos Aires—a 100-person office that we set up in the old Google office. All the politicians came and said, "Wow, these guys are serious. This Cardano thing is serious; they know us and how serious we are." So, we're going to move quickly, but we haven't abandoned Africa. At least on IO's side, we're very excited about the prospects there. We're also a lot wiser now; we understand the ebbs and flows and the realities you can't escape.
We have to do business differently. So, we pivot from government contracts in Africa to things like microcredit and payments. That's what RealFi is doing now, and I think it will be a lot better for everybody. We'll get the numbers; I don't care. I love it. This is another thing the woke movement does: if someone does something wrong, they're gone forever. There's no road to redemption. They said a racist thing or did something wrong one time, and suddenly, everything that person has ever done in their entire history must be erased. We have to burn them down to the ground.
You know, Thomas Jefferson is the canonical example. He had slaves, so he's the worst human being ever to live. None of his life matters. What about the Declaration of Independence? That doesn't matter. The Louisiana Purchase? No. All his work in the Revolution and his writings and the birth of the nation? Nah, none of that matters. He did something wrong, so the guy is gone forever. Because of that standard, every single person is either a liar or exiled because human beings do bad things. They make mistakes, have bad associations, and go through eras of their lives. If society accepts some egregious behavior as the standard, then people tend to behave that way.
You praise the people who are exceptions to the rule, but you don't go out of your way to label people as particularly bad unless they were particularly bad for those rules. You accept them, warts and all, and learn from the good things they've done while gaining wisdom from the bad things they've done. That's how you grow as a society. Again, the Romans were pretty horrible people too. They worshiped bizarre gods, murdered people on crosses, had slaves, conquered entire nations, and committed genocide. Look at how many people Caesar killed during his campaigns. Yet, we also acknowledge the coliseum, the feats of engineering, the amazing culture they had, and the fact that they ran the world for a thousand years.
It's an interesting thing. Human beings can entertain two ideas at the same time in their minds: someone can be good, and someone can be bad. That's what makes us special. Milei has done some bad things, but in a few years, he's instituted the closest thing I've ever seen to a libertarian government that is the most compatible with our industry. We should all be looking and saying he's the prince that's promised, not Bukele. People looked at El Salvador and said, "Oh, that's Bitcoin land."
Let me get this straight: a dictator who stayed in office longer than the Constitution permitted, who arrests any of his political opponents, has taken a country that's basically dollarized and started buying some Bitcoin. What are the checks and balances? Where's the blockchain transparency in all this Bitcoin? Is that real Bitcoin or Shitcoin? What's the external audits? What's the oversight? Is he really following the decentralization principles we have in the industry? Meanwhile, you have Milei saying, "I just want to get rid of the government, get rid of the central banks, get the government out of the business of printing money, and have people have private money." What does that sound like to you?
He says, "You don't need to pass a law; just do it." Sounds a lot like crypto, doesn't it? That's 40 million people, and if it works there, it'll spread like wildfire, like a revolution throughout all of South America.
Hey Charles, why do our coins have ridges? Modern coins have ridges for the blind, different sizes, and ridges also prevent senior ridge, which is the historic reason for it. Henry VIII would shave the edges off the coins, and you'd say it's a dollar coin, but it's actually worth about 0.9 cents. Exactly. You don't celebrate the person; you celebrate their ideas and their history.
So, you are against a president staying longer than the Constitution allows? Probably another one of those deranged woke liberal people. Yeah, I don't support Trump in 2028. I get where you're going with this. No, I don't support a president staying longer than the Constitution allows. Jesus Christ, you people are so brainwashed. You let the entire United States get set on fire in 2020, and then when the other side protests something they don't like, it's the worst insurrection since the Civil War. Old people slowly walking through. Did you see the videos? Did you see the videos from the whole year we went through? You want to see a protest? Look at what happened when Mubarak got taken down or what happened in Libya. That's a civil war; that's an insurrection.
All these flavors, and you choose salt. Salt makes stuff taste better; it's actually a scientific thing. It enhances flavor at certain levels.
I'm just going to ban this guy. No, we're not going to do a fake moon landing thing. What is a buffalo ribeye best paired with? It depends on how they've cooked the buffalo ribeye—whether you've done a dry age, a wet age, or just spices. You're going to want some finishing salt to pair it with. Do you have the bone marrow that you're pairing it with? Did you smoke it? There’s a lot about the preparation of the steak you have to consider.
What's your opinion on the Trump-Musk scandal? I'm just curious about your take. Well, it's Dunning-Kruger meets useful politics. Elon Musk has this idea in his head that he's good at everything, the smartest man ever to live, and nobody can say no to him. He justifies this by the fact that he has hundreds of billions of dollars. What's frustrating is that he has done remarkable things that very few human beings have ever achieved. So there's some truth in saying that he's a business genius. If you don't believe me, look at what he did with X and X AI and how he put that whole deal together. There was some brilliance in there.
The problem with Musk is he doesn't have a healthy group of people around him to hold him back and say, "Hey, that's a stupid idea. Maybe we should do it differently, or maybe the first thing that comes to your mind isn't the best thing. Let's take a step back." As a result, he seems to think he can do everything better than everybody else.
Okay, so he is not an expert on how the US government operates. He has never run part of the US bureaucracy, and he's not a leveraged buyout guy. He doesn't go in and buy firms and cut them by 50% or 60%. There's great evidence of that by looking at how he handled the X acquisition when he bought Twitter. It was just a mess; it was very painful and difficult. He builds companies and grows them, but he typically doesn't go through and shut a company down or merge a company. It's a different skill set, and it doesn't mean you can't learn it.
The biggest company in the world is the US government—tens of millions of people, trillions of dollars, massive complexity, and you don't have full power. So first off, the whole concept of waste, fraud, and abuse: if someone came to me and said, "Mr. Hoskinson, I want you to do waste, fraud, and abuse," I'd say, "Okay, what are your goals, Mr. President? What would you like to achieve?"
If they said, "We're going to look for waste, fraud, and abuse," I'd ask, "What are the organs of the US government responsible for that right now?" They'd mention things like the Government Accountability Office and all these oversight bodies. I'd say, "Well, okay. Why aren't they operating effectively? What about them is not doing what you want them to do for waste, fraud, and abuse?" Then you listen to the answer, and based on that answer, it tells you if they're serious or not.
The second part is, what else do you want to do? It could be waste, fraud, and abuse, or it could be wasteful spending from a perspective of overspending or philosophically misaligned spending. For example, we want to remove all the DEI or consolidate agencies. That's a different thing.
Waste, fraud, and abuse is forensic accounting; you're looking for stuff in the books, but you accept that there are legitimate expenditures. Mergers, acquisitions, and layoffs are spending reductions, and that's a different skill set. So already, you have to philosophically say, "What are we doing here? What's our goal?"
Some people, like Mitt Romney, are exceedingly good at this. When people hear it, they go, "No, no, no," forgetting that the guy made hundreds of millions of dollars at Bain Capital literally doing that—Staples, Sports Authority, all these other places. That's the skill set you're looking for: someone who has a deep understanding of the US government and has done that throughout their career multiple times, making hundreds of millions of dollars in profit doing it.
But our politics are so messed up; they're the politics of personal destruction. You base a person's entire worth and ability on your personal like or dislike of them. If that's how the administration is going to run, then you turn it down because the mission doesn't make any sense. Is it waste, fraud, and abuse, or is it spending reduction? Are we going to pick people because of their political proximity and loyalty, or are we going to pick people based on competence and life history?
If you want to reduce the budget, what they should have done is redesign the agencies and say, "Here's what we're going to do. We're going to take the FBI, the DEA, and the ATF, merge them together, and create a much leaner, unified organization." Then, we tell everyone in these three agencies that those agencies are ending and they have to reapply for their jobs. You create a new command and control structure, a new management layer, and a new way of doing business. You sunset the old things
What about Aken? It already exists. It's been around for two years. The majority of the code written for Cardano smart contracts is non-Haskell. Where have you been? It's a solved problem, sir. Let's do it together. Okay, Akin, here. We're going to Akin Cardano. We're doing it right now. We're doing it live. Here you go, sir, just for you. I'm going to share my screen. We're going to bring up that window.
Okay, what's this right here? What do you guys see? That's a new... Is that Haskell? Does that look like Haskell to you? Oh my lord. Zero configuration. This has been around for a while. Look at all the people building on it. It's got a roadmap too. My lord. Wow, it's growing quickly. And that's just one language. We also have TypeScript and others. But you just parrot things, right? Because there's no marketing. That's why you say it. You don't know because nobody told you. And why did nobody tell you? Because nobody's accountable for telling you. That's the problem. The people who are accountable for telling you are out doing wine deals in Georgia.
We can complain about it, or we can solve it. I'll give you the benefit of the doubt. They just didn’t know. So, we’ll solve it. How do we solve it? We solve it by marketing. We have to spend money for that. Please rub your nipples. We'll talk about AK. If that actually moved the needles, meaning that people would put this clip on repeat and go viral, and we get the news out that there are alternatives that exist, I would do it.
No, that's the point. That's what I said. It's our fault as an ecosystem. We've obviously failed them. Charles's nickname in college was Gator; they actually called me AC. I'd come in the room, and they’d say, "Oh, somebody tone up the AC." It came from my love of the Rocky Horror Picture Show. And yes, I would go in drag.
Do you already have a practical use case with Midnight in your clinic? We're actually working on it. We call it Health Chain, and we have some people we're talking about. There are so many cool things in the Midnight ecosystem. It's a really exciting time.
When will there be more details on the SNK Input Output partnership? Well, I'm a SNEK holder now. I bought some SNK tokens, and we're going to get some great wallet integrations into Lace. It would be fun to actually do some SNK-specific things. I love those guys. JJ negotiated the deal, and we worked really hard on it. They came to the office, and we talked to them. SNE is one of the best communities in the Cardano ecosystem. Now, of course, I love Hosky as well. You know, I don’t pick favorites, but it’s nice to have them around because they go do things. I respect that. They’re like, "We’re going to go get listed." And they got it done. When people do things like that, you say, "That’s my guy." They get stuff done. You elevate them and say, "That’s the model. Go do it."
I'm desperately tweeting dozens of times hoping you'll notice me and help me, but all you see is, "Oh, Charles." Well, you shot your shot. You didn’t ask in your thing what help you needed. It’s kind of sad, actually.
We love you, Charles. Well, I love you too, sir. Joe Rogan, PBD, what’s the big podcast? It is coming up very soon. Actually, I'm about to fly out here in a bit, and I am excited for it, let me tell you. I'm not a fraud. I'm a student. A student who is disgraced because of debt.
So, did they break down your door, enter your home, hold a gun to your head, and say, "You, sir, are going to go to college, and you're going to borrow money, and you're going to be laden with that money"? Or maybe, just maybe, of your own free will, you went to a university, and maybe, just maybe, you had these contracts, and you signed them, and you took the money. You probably also got Pell Grants and other things too because you're probably not that wealthy. So, you took money, and now you're on the other side of it, and you're just like, "You know what? The system's broken. I should be forgiven."
I just love the whole student debt forgiveness thing. It’s just where we’re at as a society. Come on, guys. Exactly. This is the point. This dude joined the army during a war to get his college paid for. He got shot at. He was willing to literally die. And then you have these people saying, "You know what? I majored in underwater basket weaving and grievance studies and blue hair gender studies, and I just cannot find a job. I think the colleges lied to me. I just don’t understand. I feel so misled. I was told that the minute I get a degree that has no economic value, I could somehow make all this money."
Come on out, ExxonMobil, call me up and say, "We were looking at your 2.2 GPA and that underwater basket weaving job. We think you would be perfect for the offshore oil rigs. We think you have the temperament." I mean, you can’t make your bed, and you show up at 10:00 or 11:00 in the day, and then when we tell you to actually show up and take a shower, you just break down in tears and ask to speak to a grievance officer, file an HR complaint, and then you just ghost us and quit your job without telling us anything. You know, no adulting whatsoever, but we need to pay you $85,000 a year.
Oh, what’s this? You’re having trouble paying back your student loans. Oh no, what do we do? Charles is full MAGA. I'm not full MAGA. Again, you’re propagandized. You guys live with labels. I’m beyond labels. I just got done spending 10 to 15 months chewing out the entire Doge thing and what Trump is doing, and then I’m full MAGA because I say you should have some personal accountability when you take a student loan. It’s not team sports; it’s reality and tough love. It’s tough love Sunday. That’s what we’re doing, dude.
Sounds full MAGA for sure. Since when did asking people to honor the contracts they signed become a topic of MAGA?
That’s MAGA. I don’t want to not be MAGA. Jesus Christ. Charles, what are your medical institutions' recommendations on diet since diet is an essential part of people's health and treatment, like smoothies for diet? See, that’s one of those unanswerable questions because it depends on the patient. Every person is different. People come to me and say, "How do you live longer?" And I say, "Okay, you ready for this? It’s really complicated." They’re like, "Uh-huh."
I say, "All right, there are four things you have to do before we can even have a conversation." And it’s like, "Oh, okay. What do I need to do? What do I need to take? What drug do I need to get? You know, like rapamycin or I’m going to take metformin. I’m going to do some peptides, like maybe that BP 157 or something. Yeah, give me some stem cells."
I’m like, "Okay, you ready? Do you get a good night’s sleep?" They’re like, "I don’t know. I should look into that. Get an aura ring. Let me know what your sleep is. Do you have sleep apnea?" A lot of people do these days. Sleep well. "Okay, all right. You have a stressful life." It’s like, "Oh, it’s so stressful. I’m just angry all the time, and every day is terrible."
Okay, all right. Got to get better work-life balance. Get rid of that stress. It’s like, "Okay, okay. All right. Do you work out every day?" They’re like, "No, no, no. I’m a slob. I’m sitting on the couch all day."
I’m like, "All right, all right. You ready for this? You got to work out at least a few days a week. Get some cardio in. Do a little bit of lifting."
"Oh yeah, yeah. Okay, all right. And what else?"
It’s like, "Are you eating right?" That’s what this guy’s asking. He’s like, "Yeah, I don’t know. It’s just like Froot Loops every morning and lifesaver gummies, and I eat so much refined food."
Yeah, Mediterranean diet probably or something like that. You got to eat right. We can give you some advice on that. He’s like, "Oh yeah, okay." He starts writing it down.
I said, "Wait, wait a minute. Where’s the newfangled high technology stuff?" He’s like, "Yeah, well, here’s the reality. If you do those four things, I can’t guarantee you’re going to live to 80. But if you don’t do those four things, I can guarantee you won’t."
That’s the first step. That’s the foundation of all lifestyle. You have to have those four things done. Your mental health has to be right. You got to sleep right. You got to eat right. You got to work out. If you don’t do those four things, there’s not a chance you’re going to expand your lifespan in health span. Not going to happen.
Everything else you only do after you get those four demons under control. The stem cells, the hyperbarics, the peptides, the prescription and non-prescription drugs, the supplements, all these other things. What blows my mind is so many people come and say, "Well, I don’t want to do those four things, but I want the stuff in the other category and somehow to correct for these four things I have over here."
We’re like, "Okay, but here’s the thing. That’ll give you a few extra years. This takes 20 years off your life." And of the time you do have, you get diabetes, cancer, obesity, and all kinds of horrible problems, frailty. You know, it’s really bad.
You ever seen an 80-year-old who can’t walk? Because they’re frail. Why? Because they didn’t work out, and so their muscles deteriorated, their bones deteriorated. It’s too late to work out when you’re 75. You have to enter your 50s and 60s with some muscle and some bone mass. You have to stay relatively healthy throughout your life. That’s the sad hard truth.
Whether you’re reading Peter’s books or Mark Heyman’s books or you’re reading Peter Diamandis or any of these people talking about it, they can wrap it any way they want to wrap it in the anti-aging, and I read all these books all the time. The core of it always is the lifestyle foundations.
So diet is so personal, and some people tolerate all plant diets, and some people tolerate Mediterranean diets, and some people tolerate keto-paleo diets. I’m convinced that it’s a combination of your age, your genes, and your bacteria. Your microbiome is a huge component of your ability to process things, as are your genes.
So you got to get that under control. You got to get your microbiome fixed, and you got to do some genomic work. Then these two things together, you can probably find a diet that works for you. Some combination of plants and animals is probably the right call. Just figuring out what that ratio looks like and how to make it practical.
But one thing’s for sure: anything refined is probably going to kill you at this point, especially if it’s in America because it’s filled with all kinds of really nasty, horrible stuff. Almost everybody who goes on an elimination diet feels better. Maybe it’s the seed oils, maybe it’s the food dyes and coloring, maybe it’s the microplastics that are coming in. Something refined is going to kill you.
That’s what we find with the 13,000 patients we have at the facility. Every time I read the reports or I go to these things, I just attended a peptide conference actually this weekend. I couldn’t go there in person because we were busy, so I did the virtual version of it. While watching the lectures, there were all these brand new amazing peptides. Dr. Steel, a real smart guy, potty mouth like me, jacked, you know, a lot of wonderful stuff they’re offering, but none of that matters if you don’t have a good regimen.
So you have to get that regimen first. If you had a chance for 30 minutes in the Kremlin with President Putin, what three questions would you ask him?
Well, if it’s a public meeting, there’s nothing you can do. He’s just going to ramble on and on about the history of Russia, and you’ll never get anywhere. I mean, look at the interview with Tucker Carlson. If it’s a private meeting, you just look at him and say, "What do you actually want? What do you need?"
Because the reality that Russia has is that China is going to kill them, and they know it. Less than 10 million of the 135 million Russians were under the age of 25. Now it’s 8 million. They’ve lost 2 million of them. They’re gone. They either left the country or died in war. So they have a demographic crisis that’s going to hit them like a ton of bricks.
The Chinese are doing the exact same thing they did in Zimia, Zimbabwe, and the Congo, where they’re coming in and buying up all the natural resources and using shell companies to basically take them over. So Russians are now working for Chinese people. In fact, 50% of their GDP is influenced or controlled by China at the moment.
So really, the first question is, what is your China strategy, and what keeps you up at night about China? That’s where you build common ground because if he’s actually being intellectually honest, he’s going to admit that they have a major China problem.
The second question is, do you want to be part of Europe again or not? Russians have been out of the club for a hundred years because of the Soviet Union, but they were part of that club back in the day. Him and others say the Russians can never come back in. They killed all these people and did whatever. You know, the Nazis killed a bunch of people too, and Napoleon killed a bunch of people too. Somehow the Europeans forgive and forget these things. It takes a little bit of time, but they can come back in the club, but they have to want to be back in the club. They have to be willing to make some concessions about it.
The third question is, who’s your successor, and do you care? He doesn’t seem to want a family member to take over for him. Life does end at some point. If you’re having that private off-the-record meeting where you have a real frank conversation, you can get a lot of information about where they go and what they do and how to get things done.
The Russians have not acted in good faith since Trump took office. I thought for sure that they would just take the concessions made. I mean, they got everything they asked for. Ukraine’s not going to join NATO. The US is not going to sign a formal defense pact with Ukraine. They get to keep the territory they took. They could have ended a very brutal war that’s badly damaged them.
They’ve lost 1.4 million people in this conflict, and their economy is not doing well because of it. It’s been tough for them, and they’ve also been humiliated on the world stage. Ukraine was not a world power, and Russia was perceived to be the second most powerful military in the world before they invaded Ukraine. Now, nobody considers them a major geopolitical or strategic threat.
They’ve proven that their flag officers are worthless, that they don’t have an NCO corps, that they can’t manage supply chains appropriately, that their conscript strategies are egregious and horrible, and they’re fighting basically World War I-style trench warfare with drones right now. It’s pretty terrible for them.
The Russians have really damaged their world standing almost irreparably, at least for this generation, and they need to get out of it. They need to be part of the world order. I thought for sure they would negotiate a peace settlement. Now they’re just messing around with America, and at this juncture, it almost makes sense to go and just airstrike their lines for two to four weeks just to mess with them back and say, "Fine, you want to play that game, here you go."
They’re not set up for strategic bombing, so they would roll and lose a huge amount of territory quickly. Then they’d come back to the table, oh yeah, him and ha, nuclear war, nuclear war. They’re not going to start a nuclear war. It’s not. It’s an empty idle threat that they’ve been shaking the saber on for a while.
You do that, and they realize there’s no path. Then they negotiate something, save face, and move on. But there are just not the right people in the room to negotiate that type of deal. I think there need to be some specialized negotiators who speak Russian, understand the culture, and understand the political realities they’re facing, and get them to negotiate that and move on.
Ukraine and Russia are intertwined because the majority of people living in Ukraine have relatives in Russia. It’s like Florida and Alabama or Florida and Georgia or something. It’s hard to say, "Oh well, Florida will break off and be independent and be its own thing, and there’ll be Florida nationalism." Well, everybody in Florida knows somebody or has family somewhere else in the United States.
You can’t say that these countries are not intertwined in a way when families are literally across the border, they speak the same language, and they share a similar culture and historic connection. The most important thing is the post-war recovery: how do you put it back together and get to a state of peace? It’s going to be tough, and you need really serious negotiation to talk about that world order for these types of things.
The reality is the Russians have a lot more to lose than we do. The state of affairs is if we just wait 20 years, Russia will be a proxy of China. I don’t think Putin wants that. Maybe he does. That’s
So, what we're going to do is move the dinosaur, the plesiosaur that I own, Nessie, and we're going to put it into my biotech center up in Gillette. There are a few alternate sites where I’d like to build Nessies in Wheatland, but they are multi-acre, and I’d have to buy them and get a liquor license as well. But I’ve done billion-dollar deals, and this is the most complicated, convoluted thing I’ve ever seen. This Nessie thing, small-town politics, and small-town affairs are just like death by a thousand cuts. But we’re working on it. I never give up. Ever.
Yes, you saw Nessie. She’s 42 feet long. Lucas was up at the ranch, and I showed him the bones of Nessie. Why is this cycle different from the three cycles before? Because this one’s going to be institutional, not retail. Yeah, I know, right? It sounds dope—whiskey and cigar culture. Exactly right. That’s what I thought. A safe place to drink.
Charles, you need an hour of nothing. I know, right? Every day there’s something. You’re not allowed to build multi-level parking garages in Wheatland. There’s no place to put it. It wouldn’t make any sense because the parking lot is maybe for 30 spaces, which is insane. It’s for a golf course and a clubhouse, and there’s no land around it to build. Nobody will sell. It’s just crazy. I tried to buy the lot across the street for overflow parking. I said, “Oh, I’ll just buy that.” They’re like, “No, can’t buy that.” I was like, “Damn it. What could possibly go wrong?”
Earlier, Charles was rubbing his nipples while talking about Achen. In a world where Charles rubs his nipples, try having kids. You’ll never have a minute to yourself again. Welcome to the cryptocurrency world. It’s like being a father to 1.4 million people. Sounds like you bought a pup. I’ve got five dogs running around doing dog stuff.
When will you write a book? I’m almost done with my first book. It’s on Hoskinson Ranch, written with Mark Jung. It’s about the history of my ranch and it’s coming out on book.io.
Charles, what is the colorful cube in the back corner? I can’t stop watching it. It’s a play on Hypnoode. Is Ledger eligible for the midnight airdrop? Yes, you just have to connect it to a CIP-30 compatible wallet. Distribution doesn’t know if you’re in wallet A, B, C, or D. It’s a chain state drop. The question is whether those interfaces are there. If you have the ability to recover something from it, even if you’re in wallet A, you can always migrate to wallet B to redeem. Some people will complain and cry, but I do not care. You’re getting free money; you just have to work for that rent. Money doesn’t grow on trees.
Charles, do you have a bitter love story? Oh my lord, I do. Many. Some legendary ones. I’ve had some legendary fights. Is the Vuvian man getting red light therapy from that hypnoadote? Well, he’s got a lot of red light on his junk. I’ll tell you that. He’s got some amazing red light junk.
Are you meeting with the government still under NDA? There was never an NDA with the US government. You’re referring to the SpaceX NDA, and NDAs don’t expire. All the government stuff I’ve been pretty open about. We’re still working on a pretty regular basis with various people in the House and Senate, and they’re working their way through. Things are getting done. The Genius Act is almost out. The Clarity Act is nearly done, and bills will be passed.
Like Charles’s Tropic Thunder impersonations, I know who I am. I’m the dude playing the dude pretending to be another dude. Baldur’s Gate 3 got screwed by Hasbro. What’s next? It didn’t get screwed. Baldur’s Gate 3 is out. It’s done. It’s resolved. You’re talking about Baldur’s Gate 4, and that is sad. Midnight can’t operate without the ADA network confirmations. Yes, that’s correct because the stake pool is an independent chain, but the governance set of people actually validating the blocks on the Midnight network are the SPOs from Cardano. If Cardano goes down, Midnight goes down. It’s pretty self-explanatory.
Baldur’s Gate 4 needs to be the Infinity Engine again. You know what we should do? Take the game that found a way to modernize and update itself and achieve an all-time high in its ratings, popularity, and sales, and then ignore all of that and go back to game design in the ’90s. I got another quote from Tropic Thunder for you. Comments on the Diddy trial? The diddler. No, he did it. Got G, got all the oil.
Hey, we got Jillian. All right. Charles is a dude playing a dude. Who is the dude? Are you coming to Europe this year? I’ve been to Europe like four times this year. It’s crazy how many times I go to Europe. You wouldn’t believe me. Nobody goes to Europe more than me.
Nobody is going to do the Mont Row Institute things. We reached out to them. They said they don’t have any availability until 2026. We’ve got to pull some levers. If anybody knows Monroe, let’s figure this one out. I used to read a lot of Alan Moore graphic novels. I thought he was very talented. Damn, looking like a pope. Pope Paul V. Although I really like Leo the 14th. He’s a good pope. I’m biased. He’s the American pope.
Do I have to stake my ADA to be eligible for the Glacier Drop? No, I don’t believe so. Can we use blockchain to track baby oil? Oh, it’s like a weird parody porno. It’s like Dune and Arrakis, but it’s “The baby oil must flow.” Oh man, the answer is yes, sir. You go ahead and do that.
Do you still like Rick McCracken? You know, I don’t know. Rick is a strange guy. We worked together for years. We did the Cardano effect, and he was one of the guardians of Cardano. He has been in the office numerous times, and when the blow-up happened with the Cardano Foundation, he took the CF side. Now he’s just got a giant ego on all these things and didn’t tweet once in support when that whole $600 million ADA thing came out—not once. Anytime CF does anything good, it’s the best thing in the world; when we do anything good, it’s just us. Their ego gets so strong, and their bitterness gets so strong. He knows how bad the CF has been. He knows he’s been there. He took their side. That’s just sad. But it is what it is. You don’t do this job for friends, and you don’t do this job to be nice with people. You just have to keep your mission and keep pushing forward. You have to understand that people have their exits and their entrances, and people are going to stab you in the back. You just have to push through.
What kind of advice would you give your 22-year-old self or to young people in general who aspire to be great? I think the single most important thing you can do when you’re young is to develop a habit of writing a journal and keeping a journal. You think when you’re young that you’re going to remember everything and that everything is always going to be available to you. As you get older, everything gets gray and blurry, and you can’t remember, “God, did that happen five years ago or six years ago?” If you keep a journal and you’re meticulous about sharing not only what happened but your thoughts, you build up that muscle of having a strong inner dialogue. At some point, you can start asking the question, “What does this all mean to me?” That introspection gives you so much more value in how you travel throughout life. It’s not just a subjective thing; there have been a ton of psychological studies done that show that people who journal are measurably happier than people who don’t, suffer less depression, and overall just have better memories about the world around them. You also preserve part of yourself—who you were. As you become someone else, you can look back and see how much you’ve grown. Reading through your journals is really important.
The other thing is there’s been so much advancement in personal knowledge management systems and note-taking systems in the years. Going back in time to teach how to do PM right to young people is the single biggest competitive advantage. Note-making, note-taking, viewing knowledge as a linked graph, and understanding how to think into a second brain—it’s so powerful. Anyone who does it well appears like a genius to the people on the outside, but the reality is just very meticulous. Developing that habit and keeping it strong is the advice I’d give you, outside of the obvious stuff like, “Here’s what’s going to happen with the markets, and here’s what you need to do to win.” If you can give a little bit of advice, just give them that advice, and everything else they’ll figure out for themselves. People are going to love and lose; it’s the nature of life.
When Lace Mobile? We’re working real hard on it. It’ll be out sooner than you think. Someone reset Charles. Did I freeze, guys? Am I okay?
Do you think Elon was dosing ketamine at the White House? You mean the guy jumping up and down and holding chainsaws and speaking incoherently was on drugs? I’m shocked, sir. I am shocked.
Do you regret your life choices? Well, sure. You always regret some.
Do you have zetocasting with obsidian? You know I do, sir. You know I like zetocasting. Goddamn it. How to take smart notes—great book.
Would you ever pull a Daniel Day-Lewis and just drop everything to become a shoemaker in Italy? I do not believe I would be a cobbler. I used to be a cobbler back in the day.
And this guy is asking about semen retention. Where you come and go is not my prerogative.
What’s eating up your hair? Old age. I’m not sure. Yeah, it’s a good question. I don’t know.
Well, come on, man. You give me crap about my hair. Look at you. Look at you. Look at this guy right here. He’s giving me crap about my hair. I don’t know.
Sad dude. You ain’t got none up there. Yeah. You shaving that just for fun? Uh-huh. Giving me crap about my hair. It’s not so bad. It’s okay. I’ll figure it out. Regrow it. It’s all right.
Throwing shade. Yeah, exactly. Lucas, do you have snakes on your ranch? Yes, I do. I have a lot of snakes on my ranch.
Ask Elon where he got his plugs. It’s called the back of his neck. That’s what they did because it always grows back here. And then you can also take it from the back of the head. Now they have a special technique for that.
Better to be a balding billionaire than a broke bald dude. You know the best part about going bald as a billionaire? After all your hair falls out, you’re still a billionaire.
[Laughter] Oh man. Have you made progress on stem cell therapy for hair? Yeah, we’re working on it. Slow, meticulous work. Right now, we’re just trying to get this damn FDA trial off the ground.
No plan starting something in the Philippines? Well, the prior management was like, “Forget America. America’s horrible. We love China. The Americans are evil. We’ll shoot you in the street for having drugs and all these other things.” I felt so disenfranchised under Duterte, and they got rid of him. So, I’m very happy about that. There have been several Filipino politicians that reached out to us and said to do something in Clark Freeport. It would be fun to do something in the Philippines. I was kind of hoping that the Filipino pope would get one, and then the Filipino cardinal would become the pope, and then he’d have a popino. But no, we’ll figure something out. It’s a large remittance and microfinance market.
How did that Indian dude survive the plane crash? That’s called God deciding it wasn’t your time yet. The chance of that happening is so low. So many things have to happen for that to happen. It’s like being struck by lightning twice, where the first lightning bolt kills you and the second lightning bolt revives you.
I’m losing faith in Cardano, and I’m demonstrating that by being in a Cardano live stream on Sunday when I don’t have to be there. But I’m here right now listening to the guy who created it, and I’m losing faith. I’m losing so much faith that I’m going to comment on me losing faith in the live stream with the guy. It’s like, okay. All right. Cool. It’s all right. You do you, man.
Oh my lord. Winner winner chicken dinner. That’s right. Will there ever be an altcoin bull run again? Asking for a friend. Hang on, I got to put these fries in. Would you like that super-sized?
Yeah, I really want to know. Is there going to be another altcoin run? Love this version post-defamation, Charles. Yeah, see, I’ve just given up. Shout me out.
You guys remember that song? It was really popular in the ’80s. [Music] Can you play an instrument? I used to play the piano back in the day.
Just spent my weekend in Scotland eating haggis. When can I eat haggis in your restaurant, if you know what I mean? I was like that haggis. And this creepy Scottish man was brought to you by Head and Shoulders Shampoo. Even the bald men need it.
The video was good. Half drawing. Yeah, actually, it was a very talented video.
Take me on. [Music] How’s the mammoth? Huge. [Music]
Do you think World War III is imminent? I mean, they’re trying, man. They’re really trying. They’re going out of their way. They’re just bombing Iran, bombing Ukraine. We got Taiwan with China. Yeah, I think they’re getting ready for it.
How is Quantum Husky going? Very well. Trim is a phenomenal product manager. Any chance of Quantum Husky and Corticopius teaming up? You know, we haven’t really talked about it, but we’re always working on it. There might be something there.
How is William Shatner in real life? He’s one of the smartest, nicest, most charismatic people I’ve ever met. He’s in his 90s when I met him, and he still was with it. He was still witty and just full of love for life. It’s very rare to meet somebody who’s gone through as much as William Shatner has and has this infectious joy of living about him that he just radiates. He’s always the center of attention. Everybody knows William Shatner’s there. Oh, there’s William Shatner. He’s extremely affable, engaging, easy to get along with, and just sharp.
The story I often tell is we were drinking wine at dinner down in Cancun years ago. He asked me what the cryptocurrency space was like, and I said, “Well, Bill, you have to be real careful. There are a lot of fair-weather people that like to cling on to you.” He looked back at me; it was like 11 o’clock at night, and we were four glasses of wine in. He says, “Charles, I hate Klingons.” I said, “Goddamn, to do that in your 90s and be able to just be right there, right in it?” He’s like, “That’s just pure undiluted charisma.” There’ll never be another William Shatner. He’s one of a kind. They broke the mold after he was born.
[Music] This guy’s a phony. A big fat phony. He conned all of you. He’s a phony. He’s so phony. He’s so bony.
Oh lord. Are the sphererals alien or not? They’re from a different solar system, but I believe they’re of natural origin.
Do you think the graph and Cardano can be a good partnership? Yeah, actually. We looked into it with Block Frost, and I think we can bring something like that technology to Cardano.
Charles is a stud. Well, your mama said so. Father’s Day. I can do that. Off-chain payments with Shakir chips are going to pursue that. We are currently working on what we call almost quantum money. It’s a super cool feature coming exclusive to Lace Mobile.
I hope you end up in prison where you belong. I don’t know what the crime is, but I hope you end up in prison. Phony.
Oh my lord. What’s your opinion of Avi Lo? He’s a good friend. He’s a good man. I spent two weeks with him on a ship. You can really get to know somebody after you spend two weeks with them on a boat.
At least that muscle guy is full of hopes. Well, you know, he did a lot of steroids. Tiny balls. Very tiny.
Best cowboy boots under $1,000? Probably Lucchese’s.
I want to see your six-pack. Sorry. We’re working on it. It’s America’s new motto. We know. We’re working on it.
[Music] [Music] Yeah, it’s not updating the comments, unfortunately.
Is it true that Avi was jogging every morning on the boat? Yes, it is true. Avi was jogging every morning on the boat, and he would also sleep in the common area. He wouldn’t sleep in his cabin, which made for interesting bedfellows.
Yeah, unfortunately, it is not updating my comments here.
Charles, will you reach out to Whale? He’s an important voice for our community. Whale? Dan did, and a few other people did. He didn’t want to take the call, and we know his background. We know where he’s at. He wanted to have a real conversation. We could have talked about it, but one finance person, another finance person, instead just went to ChatGPT and said, “Oh,
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