看完徹底改變未來！人類集體被AI取代？沒工作人生價值剩下什麼？Tad Smith【邦妮區塊鏈】

If you take the traditional notion of

work and out of the purpose of what we

are, what's left?

>> AI is growing so fast, right? So, we

have no idea what next year would look

like or in 5 years, what would the job

market look like? What type of qualities

do companies need? So, how do we prepare

for a future world that we can't even

see?

>> There's some things that we can be

reasonably sure about. You and I grew up

with in a system that was designed to

shape us, sort us, channel us to

different kinds of careers where our

purpose in life was defined by what we

do principally. In a world where

knowledge is freely accessible, what you

look for is something that is scarce and

precious. What is it that we can do that

the machines can't?

>> Love, trust, die.

Such a privilege to have Tad with us. Oh

my god. I've been expecting you and

>> two hours. That's part of the problem.

>> And I have been studying your stuff. Oh

my god.

>> Just for two hours.

>> No, for days. Please don't tell me that.

>> Come on.

>> You are the professor at NYU Stern.

>> I am an adjunct professor at NYU Stern.

I have been for 25 years. 24, 25,

something like that.

>> You enjoy teaching?

>> Oh, I love it. I have over a thousand

former students, Bonnie. 1,000.

>> Wow. I have a question for you. AI is

growing so fast, right? So, we have no

idea what next year would look like or

in five years, what would the uh job

market look like? What type of qualities

do companies need? So, how do we prepare

for a future world that we can't even

see? Well, um there's some things that

we can be reasonably sure about.

>> Uh the first is that the rate of change

among both AI and robotics is parabolic

or if it isn't going to continue being

parabolic, it was going to have to slow

down very sharply. Mhm.

>> Second thing we can generally be sure of

is that for many many human tasks that

are conducted every day at the office

and the work uh the machine is already

better than we are.

>> Yeah.

>> Not perhaps so many general tasks mean

we're very flexible. We can shift around

but specific tasks much better. Um and

the third thing is unless we believe

there will be an disruption in the

parabolic growth that's going to be

accelerating in its truth and it's more

widespread in 5 years. Um so what we

have to look for is two things. One is

what is it that we can do that the

machines can't?

>> What what what can we do? Love

>> trust.

>> Trust. You're on a roll. Go for three

more.

>> Oh, empathy.

>> Empathy would be the third choice. Go.

You've got two more in you. I know that

you got this, Bonnie.

>> Wow. What can What can uh machines do?

>> Love, trust, empathy.

>> Give birth.

>> 100%. Birth. Yeah.

>> Die.

>> Die.

>> Can they die?

>> Um, well, you have to be alive in order

to die. So, you raise a very interesting

existential question.

Um but let's before we do give birth and

die um

how about

um provide judgment?

>> AI can do that.

>> Yes, but do you trust it?

>> Well, if it's a basic task, yes.

>> Right. But trust

>> trust is really interesting. I guess you

could trust your AI. You'll learn to

trust it. Um and um how about do

something inherently human?

>> Dance, play, experience joy.

>> Go out on a gorgeous day, walk up the

peak whatever.

>> Do you need You don't need to learn

that.

>> Do you need to learn that though?

>> Well, it's experience being a human

>> human being.

>> Mhm.

>> And I don't think a machine can

experience being a human being.

Certainly the machines will tell you now

they don't experience being a human

being. Interestingly, we can't tell

whether they're right and they can't

tell whether they're wrong, but that's a

different story.

>> So, um, think about the possibility just

as a possibility and we're all

struggling with this because we don't

know what's coming, right? But think

about the possibility that

um you and I grew up

with in a system that was designed to

shape us, sort us and channel us to

different kinds of careers where our

purpose in life was defined by what we

do.

>> Yes.

>> Principally.

>> Now imagine that that is not the only

purpose for human beings. that in fact

for most of our history what we do was

actually a sideeshow to who we are and

how we experience life and the joy we

pass on and the experiences we have and

all those things and is it really

obviously there's going to be some

challenges and transition and also but

is it really impossible to believe that

if we strip away

Bitcoin from Bonnie

we have somebody that is even more human

than the one that is wired into the

powerful frame that you now exhibit.

>> I suspect yes is the answer.

>> But does it matter to other people?

>> Well, does it matter to you?

>> It matters to me. But

>> why

>> it takes because my identity is so much

bigger than just, you know, doing

podcast and my work, right? Um,

but you you don't have time to go around

and meet people and, you know, learn

about their hopes and dreams and fears,

but it's easier to learn their title and

what they do. It's just

>> Well, it's a shorthand.

>> Yeah. No, it's exactly what you said. We

we use the hi, what do you do

>> as a way of almost a way to put you on a

taxonomy of people.

>> We meet people every day. We look at

their resume. Whatever it is we do, we

do. We find them on LinkedIn, we check

them out on Twitter, check them out on

Instagram, whatever it is, Tik Tok. Um,

and you're right, we we put them in a

category.

And what I would pose to you

is that you actually touched on the most

important question that we're all going

to face with the advent of the machine,

which is if you take the traditional

notion of work and out of the purpose of

what we are,

what's left?

>> Oh,

>> and moreover, how do we respond to

what's left?

>> That is scary.

>> That's what you just said.

>> Yeah, I know. And it's really powerful

stuff because when you when we look into

the future, we can be incredibly

optimistic, but we can't be presumably

optimistic without some tinge of anxiety

if we're honest with ourselves.

>> And the reason in my opinion is because

of what you just said, which is, wow, if

you take the Bitcoin out of Bitcoin

Bonnie, I have to think about what my

identity means in a completely new way.

And I worked so hard to get to this

identity. And this identity is clear and

understand how it fits in the context of

what we're all doing. And now I have to

think about a completely new one. And

it's only because a machine came along

and did my podcast better than I did.

>> Mhm. I actually watched this interview

um long time ago and they're like, I

challenge you to go on a date with

somebody without telling them what you

do. Like you just you you cannot talk

about your job.

So who are you? What do you do? What do

you like? What is your dream? It is very

hard.

>> It's very hard, but it is possible. The

question is whether it's worth doing.

>> Is it? I mean, do you want to be with a

partner

that fundamentally is committed to doing

something that in which you have no

interest?

>> You know what? I'm actually not smart

enough to answer this question. This is

deep.

>> Well, you started. I'm just following

your interview rules. I This is your

show.

>> Wow. But okay, let's say you're teaching

all these students.

>> I'm teaching them about art and AI.

>> Right.

>> Right.

>> What do you want them to take away if

there if you again?

>> Three things.

>> Okay. Number one, I want them to use AI

in the classroom, out of the classroom,

and I uh want them to show that they're

using AI, and I want them to use it in

preparation and on the fly. I want them

to talk about their prompts. I want them

to show us how they're using the

prompts, how they're thinking about it.

I want I want all of it disclo I want it

out in the open. I don't want to be

using blue books or any of the thing.

Going back to handwriting, all that

nonsense. I don't want any of that. I

want them to use AI like it's their

partner, like it's their coach.

Number two,

I want them to get comfortable

>> not learning by spending all their time

digging into books, chasing down facts.

We're talking about a class where

suddenly you've got access to all the

knowledge in the world and can write

things instantly and can answer

questions instantly. So this goes

profoundly to what is the role of the

student

>> because that's what we spend our time on

in in education right and the third

thing is I want to create an opportunity

for and this is particularly important

with respect to what we're doing which

is art and the intersection of human

creativity and the machine. Um I want

them to think about all the things that

you and I just began to think about

right there which is how do our values

change? How does creativity change? What

does it mean to be human? What does it

mean to be an educated person in a world

where knowledge is ubiquitous and

essentially free?

>> Mhm.

>> And that is a big profound question. If

they come out of that plus a little bit

of understanding about how technology

affects art, I will declare victory.

I asked people this question a while

ago, but nobody could really answer me

this question, which is let's say

everybody is now using AI. We have a

whole generation of people. I'm talking

to you. I'm not sure what to ask you.

So, I'm just going to ask AI. What

should I ask?

>> And you don't know how to answer my

question. So, you ask AI, how should I

answer Bonnie's last question? Mhm.

>> Now,

I'm not sure if this pause is,

you know, polite. So, I ask AI, is it is

it okay in Tad's um culture that I pause

when I talk to him? Who am I now? Now,

I'm being controlled by AI. Everything I

do, all the responses

um is formed by AI. Now, I am being

controlled.

So you have a whole generation of kids

just being trained by AI.

>> So

>> is that weird? That's

>> okay. That's the question. Is that

weird?

>> I don't know. So

>> yes, it's totally discontinuous from our

experience.

>> Right. But how do you

>> By the way, we have a whole lot of kids

plugged into their phones now.

>> But they are not asking their phone what

they should do or what they should eat.

>> Correct. Correct. Correct. you're on

another important path which is a very

dystopic possibility about the future

could be that we you know we were

talking humorously when when I came in a

few minutes ago about the red pill blue

pill

>> the blue pill begins to look pretty good

>> explain that

>> remember the red pill it takes you off

the matrix and you see the way things

really are and the blue pill you happily

go about your day and you have no idea

that you're actually plugged into the

matrix right

>> what you're describing is a situation

where it might just be easier not to

have to deal with what does it mean that

I have to be independent and I have to

create a purpose for myself that's

independent and moreover I have to be

the agent in what I say and do rather

than just be told what I'm going to be

doing by AI. My worry is that our

humanity

becomes a little bit less powerful

because of the reason you said which is

we just wait around being told what to

do. We can't get to that place.

>> But we are going to get there.

>> Well, no one really is sure, but I would

agree with you. It is a risk.

>> And how does Bitcoin fit in this new AI

era? Well, um, in a world where

knowledge is free,

>> okay, think about think about how many

things we invest in where what we're

really investing in is superior

knowledge or superior capability or

superior IP or any of those things. But

in a world where knowledge is freely

accessible,

um, what you look for is something that

is scarce and precious.

>> And, uh, this is not financial advice.

We always like to say that and it isn't.

But in my way of thinking, Bitcoin is

both scarce and precious and a

spectacular store of value. So if you

don't know where to put your money,

I can't say where to put your money, but

I'll tell you one thing. I would default

to Bitcoin.

>> Mhm. You are the former CEO of South and

um Madison Square Garden.

>> Both. Yes.

>> Insane.

>> Or each. Yes.

This is like this is what I was talking

about the perfect resume which is the uh

you're the kid that all parents want

their kids to be.

>> That's interesting. Some parents might

>> you know parents have different

aspirations for their kids.

>> Okay. Well, you have a very good path.

>> I have a very traditional path.

Princeton Harvard

>> um lots of corporate jobs.

>> Yeah. Uh yeah, sure. And then

>> life was good.

>> My life I've been blessed. My life's

very good.

>> But then

you start realizing that the money

system is broken.

>> Um yes.

>> How? Because if I am enjoying my life

and I would like the situation to remain

this way, I would not question the

system.

>> Well, the the way you frame the

question, there are lots of pieces to

it. Let me start with the first question

you asked which is when was the

realization

>> that something was unusual going on

>> and what why did it why did it affect

me? So the original realization was when

I

began to start listening to

uh Raul Powell and Michael Sailor and

Dan Tapiro, three people you're probably

familiar with, um who were talking about

something a little bit unusual to me,

which was the effect of actual monetary

debasement on investment portfolios.

Mhm.

>> And um and it became clear to me that uh

I had been thinking about wealth

creation

um in ways that were not fully cognizant

of the way the devaluation of money not

versus other currencies

>> versus goods and services and crucially

assets. Of course it was obvious to me

that certain kinds of assets grow faster

than the inflation rate. But the um I

mean you know I houses, art, all sorts

of things, gold, all these things. Um

but what what hadn't really occurred to

me was the effect of debasement in terms

of creating value for versus say the

stock market.

And when it became clear to me that I

had been viewing things not quite right,

meaning I understood finance and I could

do all sorts of fascinating things with

finance,

>> but that the foundation of money I had

not built into the premise that it was

constantly inevitably by government

policy devaluing versus goods, services,

and assets in particular. The moment I

hit that bang, I'm like, "Wait,

my entire theory of investing, my

investing strategy is wrong. It's just

wrong."

>> And um and maybe the way I think about

value is wrong.

>> Um and so that's how I did it. But but

remember that that's the way somebody

who has things to invest comes to it.

That's not the way somebody who is

trying to figure out how to buy a house

or how they'll ever buy a house or how

they'll pay for groceries. So, in the

sense that you pointed out, yes, I I was

lucky enough and blessed enough not to

have those problems, but it still came

to me. Admittedly, it's much much more

difficult for very very successful

people to see Bitcoin

>> really

>> in my opinion than it is for people who

aren't. And and the reason is because

what you said, which is the fiat system

largely works for them. And so what you

what they have to do is they have to be

thinking about innovative ways to expand

their investment horizons.

very rich people can actually borrow

money very cheaply almost free to buy

more Bitcoin. Are we just replaying the

old financial system the injustice?

>> Well, um very wealthy people can borrow

but it's not free

>> almost free.

>> Uh it's not even almost free. It is

there the rates are high right now. Um

but but what you do want to say is it's

freely available.

>> That's the difference. That's meaning

that the big difference between people

that have a whole lot of money and

people that don't have a lot of money

>> is the banks want to lend to the ones

who have a whole lot of money. It's the

availability of credit, but the price of

credit right now is still expensive.

>> Mhm.

>> Does it change your answer? I don't

know. I don't know. Doesn't change your

question. So to the second part of your

question, listen, in so far as Bitcoin

has a purpose that is designed to make

it possible for everyone to achieve a

certain financial liberation.

There is no question that the more

concentrated the holdings of Bitcoin,

the more

in trouble that goal is.

Let's say something is really really

expensive. The price tag says it's $10

million. You naturally put more value on

it for some reason. Let's say we have

>> a debent good things that are more

expensive you value more highly.

>> Yes.

>> Why? Why is that? And

>> very profound question.

>> Yeah.

>> So um of course art

>> has this quality.

>> Yeah. Um, and that's because we are

social creatures.

>> And moreover, not only are we social

creatures, we like to establish

our position

visav our other friends and colleagues

and species, frankly, and um in all

sorts of different ways. And one of the

ways is to show people new and

innovative things. Another way, by the

way, is to wear your hair differently or

wear different clothes or do something

interesting or do something flashy or be

a podcaster. I mean, there are lots of

ways to do it and have lots of

followers.

>> Um, but one way also is to buy things

that are unattainable

>> in a way to signal that you've attained

something. And by the way, even if you

don't show them, sometimes it's gives

you a private sense of satisfaction that

you did. It's like an achievement. And

that's comes from the fact we are

inherently a social and mimetically

driven species.

And that's not going away. Okay. So,

let's make a slightly more complicated

example. Um, you've got a piece that's

worth 10 million

>> and it can be either $10 million at the

price level or $200.

>> Mhm.

>> Now, suppose a piece in this room of 20

people and they can all afford 10

million.

Suppose you then insert a piece of

information into that room that tells

you the thing's worth $5.

And then suppose you send another piece

of information that says, "No, no, we

made a mistake. We meant $50 million."

The point is how we think about price is

in reference to what we think the value

is. And in situations where you have a

painting that you neither like nor you

you not you don't dislike and you don't

like. You're sort of neutral on the

painting. Um

you're fundamentally going to have to

look for reference points that will give

you an anchor to think about what the

price is in relation to because the last

thing you want to do is spend $10

million for something that isn't worth

$200 isn't worth $200. So we inherently

look for pricing reference points and

Bitcoin is all about that.

>> Tell me more.

>> Well um uh if you look at a house for

example

>> if you go back 8 to 10 years a house

priced in Bitcoin was quite a lot of

Bitcoin

like in the hundreds of Bitcoin. Like

close to 700 Bitcoin eight years ago.

Today it's five.

>> Yeah.

>> For the median house price at least in

the United States.

That says, and yet at the same time, we

perceive houses to be more expensive

than ever in dollar terms.

Meaning, isn't the whole sort of meme, I

don't know if it's true in Hong Kong,

but it's true in the United States, the

whole meme is nobody can afford a house.

And yet, in Bitcoin terms, it's become

so affordable it's almost ridiculous.

So, think about the reference point of

Bitcoin as the unit of as the standard

measure of value there. And what you see

is that Bitcoin has changed. Anyone who

owned Bitcoin over that period of time

has found housing very very inexpensive.

>> Very, very inexpensive. If you didn't,

you found housing to be incredibly

expensive. All of that is a reference

point.

>> In the one case, Bitcoin's a reference

point. In the other, the US dollar is.

>> So, we used to use US dollar. Now,

>> we use it now, by the way. You use Hong

Kong dollars and Taiwan dollar. Yeah.

Exactly.

But are you seeing a world that would

change to the Bitcoin standard

or are we still the minority?

>> Well, there are two things to let me

split the question in two pieces. One is

do I see the dollar's role as a a a

mechanism of currency exchange and and

transmission going away in the near

term? No. Do I see people thinking about

what

goods and services and assets in

particular around them

are going to be versus Bitcoin as a

store of value? Yes, I do see that

accelerating. I think that is a really

powerful tool because if you began,

Bonnie, to think about your entire life

as if I'm going to spend X dollars on

this, I have to sell Bitcoin to do it

because otherwise I would take those

dollars and buy Bitcoin.

>> That means everything to you

conceptually is priced in Bitcoin. And

let me tell you something.

If you start pricing everything in

Bitcoin and you wanna get more and more

Bitcoin, you're going to be buying a lot

less of other stuff.

>> Yeah.

>> Yeah.

>> Yeah.

>> There's a whole lot of things you're

going to want to buy that that you used

to buy that you don't want to buy

anymore if you think about every single

one of those things is going into

Bitcoin.

>> How do I enjoy my life if that is the

case? Like if my ultimate life goal is

to just accumulate as many Bitcoin as I

can, but I only have one life. Well, I

would urge you, not that you've asked

for advice, this is not financial

advice. This is just advice

that

someone as obviously talented and

charismatic as you can come up with a

more exciting life purpose than just

accumulating as much Bitcoin as

possible. Bitcoin is an enabling thing

to something else. So the question for

you is, how do you make that something

else really special?

>> That's someone older speaking to someone

on her way up in a blinding flash of

glory.

>> Thank you. If you um give your kids

advice, would you say well your your

earlier point was

pretty much all in Bitcoin then? like

except for your

>> I have a lot of things other than

Bitcoin,

>> but I made a choice to do that.

>> Now, interestingly, I did sell my wine

collection and convert it into Bitcoin.

>> Um, and the reason I did is because I I

I'm not drinking very much. It's, you

know, I I love wine. I love French

Burgundies in particular. I mean, I love

French Burgundies, but I'm just not

drinking less because I'm more focused

on health and um and it's not a good

store of value compared to Bitcoin. It's

a beautiful store of value, but I mean,

I great, but Bitcoin's better, so I

bought Bitcoin. So the question would be

if Bitcoin is such a superior asset, why

don't you sell everything else and just

buy this

>> because then I would have nothing else.

>> That's the balance, right? Well,

>> enjoy life. Do you want to own other

things?

>> Yeah, but Bitcoin is Bitcoin is not the

end

>> of

the end purpose of my life.

>> Um it is an enabling purpose. It is a

way to outrun the money printer. It's a

way to force yourself to save and

invest. It's a way to provide you with

um opportunities to give your kids

opportunities. Um it's a uh philosophy

of independence.

Um it is all these different things. um

and um self-actualization, if you will

take that job, that that word too. Those

are all the things. But notice that life

purpose isn't on the list.

>> Bitcoin is not it may be, by the way,

let's do Michael Sailor as an example.

Michael Sailor may have his life purpose

to spread the gospel of Bitcoin and

empower many millions of other people.

And I think he's been doing that. Um

that's a life purpose. I get that. Um,

but for me to accumulate as much Bitcoin

as possible, interestingly, I don't even

think that's his life purpose. I I I

don't I I I don't know. I've never asked

him, but but I think his life purpose is

to spread the gospel of Bitcoin and and

try to help more people solve big

problems both in their lives and more

generally by having more Bitcoin. And

Strategy, the company, is a means to

that. And it's interesting because um he

has stated publicly he wants to give it

all away when he passes away. He wants

you know give it all away and uh or or

put it all in you know put it all in a

foundation or something like that. And

my perspective on it is that tells you

his life even his life purpose is bigger

than Bitcoin.

>> Mhm.

>> Meaning it's not Bitcoin it's Bitcoin to

an end and the end is a higher purpose.

It's a human purpose.

>> What could the higher purpose be?

teaching people how the financial

education we were taught is broken.

>> Well, you do that now.

>> Yes, I do that.

>> And that is a higher purpose. And by the

way, it's a noble and important purpose.

>> It's crazy how Bitcoin changes

>> how I view money.

>> Good.

>> And it's also crazy how

many people out there don't know about

this.

>> That's exactly why your purpose is

important.

>> Yeah. Yeah,

>> but that's a really important that's my

point. You you have a purpose that's

bigger than Bitcoin. Bitcoin is an

input, an operational input to your

purpose. Your purpose is to provide

honestly financial

pathways to freedom and to realization

of bigger goals to all the people who at

the moment don't see that.

>> Can you summarize what is the biggest

problem to our financial education

nowadays in Asia? It could be, hey,

save, save up and buy a house because

that is a symbol of being successful,

right? And if you don't have a house,

you're not really supposed to get

married. You're not supposed to you're

not considered an adult. I I can't make

a broad sweeping statement, but I'll

I'll make one that applies to me,

>> which is

um you can learn finance without

learning how to deal with or manage

money.

>> Okay,

but that's like I'm learning something I

have never had.

>> Finance and how to manage money are

different. H it's one is more like

banking

>> one is well banking financing companies

doing all those things it's very

numerical and has to do with money and

it has to do with finance

>> but that's different from managing your

money

>> okay tell me that

>> managing your money is how you really

manage yourself

>> in a world of scarce resources

that's a completely different question

and by the way it's true that those

resources are measured in money. So,

we're talking about how you manage

money, but how to manage money is how

you manage yourself. For example, do you

spend more than you bring in?

>> Mhm.

>> Do you work hard, earn more than you

bring in, and then you put it in

instruments that either lose money or

lose traction against the broader market

or frankly don't make any sense? Um, do

you provide for the people that are

relying upon you to provide for them?

Those are how you manage money. That's

very different.

>> So, most people,

>> not most people,

>> most people know how to manage money or

>> I don't know whether most people know

how to manage money or not. But I'll

tell you one thing. I can tell you that

it's there are a lot of people in the

world who do not know how to manage

money.

>> Of course.

>> Yeah.

>> But most people also do not understand

finance.

Well, so aspects of finance, capital

asset pricing model.

>> Yeah, but that's it.

>> Well, no, there are other things. Black

Scholes theorem, the um there are

portfolio arbitrage theory, you know,

the sharp ratio. You there are a long

list of things that are highly technical

finance terms

>> that are very useful in the modern

financial world

>> that are different from managing money.

Understanding how Bitcoin fits into your

life is a question of how you manage

your life in a world of scarce

resources. And that's a question of how

you manage your life's money, your own

money.

>> How would you define money?

>> Money for me is either a store of value,

a medium of exchange, or a unit of

account.

That's pretty basic stuff.

>> Is it also a way to store your time and

energy?

>> Yes.

When I work hard, I invest time.

>> Yeah.

>> And I get money in return. The money

allows me to buy other things or to do

other things or do whatever I want or by

the way invest in more money to create

more money. But that is a way to have

converted my energy, my work

into

um a storage unit money that I can then

redeploy to something else. Yes. So

money is an encapsulation of my time and

my effort, my time and my energy

deployed. Oh, and by the way, often my

intelligence, right? And I don't mean

intelligence IQ. I mean just actual

thinking work.

>> Imagine this world. There's no fiat

system. Okay? There's only Bitcoin. And

let's say Bitcoin money is a store of

human energy, time, effort, intelligent,

everything that we just mentioned.

How does that world world look like?

Because everybody is fighting over a

limited resource.

Unlike fiat, there's no limit to it,

right? You just feel like you have

abundant of fiat money being printed.

So, you don't really have to fight over

something. It's not that $1 I earn is

not from you. But in this world where

money is kept,

the one Bitcoin I own is supposedly

taken from you. Or if I own this one,

then there is no way you can own the

same one. How does that world look like?

Are we going to be

more competitive?

Is this world going to be a little more

evil?

>> Well, I you'd be pleased to hear I'm

much more optimistic than that. Um, uh,

it's true that they're only 21 million

Bitcoin.

>> Mhm.

>> But each of those has literally millions

and millions of Satoshi's,

>> right? And you can imagine that the

difference between the fiat world and

what you're describing as a Bitcoin

standard, Bitcoin standard world, is not

that money is limited.

>> Mhm.

>> I'll come to that in a minute. I know

you're questioning that. It's instead

that money appreciates in value versus

everything else, not depreciates.

So for example, suppose we didn't focus

on Bitcoin. We focused on Satoshi's.

>> Okay?

>> Satoshi's right now are very very

inexpensive versus the dollar. Very very

inexpensive.

>> Um and over time they're going to get

more and more and more and more and more

expensive versus the dollar. Yeah. So

until that until we can no longer until

it becomes a you know um one Satoshi

equals a cup of coffee there's plenty of

subsets of the Bitcoin standard to use

for currency. You see that? Mhm.

>> And by the way, if at some point in the

far future where Satoshi's we don't have

enough of them, well, let's do I don't

know Desa Satoshi's or Centa Satoshi's

where we break them into another hundred

because each of them is increasing in

value. And and so the way to think about

it is the big difference between the

fiat world and the Bitcoin world is that

money gets more valuable in the Bitcoin

world and money gets less valuable in

the fiat world. I love this conversation

because it's not only about Bitcoin and

finance and money. It's also about life.

>> Well, that's the point of what you're

doing.

>> As far as I can see, your point is to

help people have better lives with

Bitcoin as an operational element to

that. And guess what? That's a good

purpose. And so, back to the question

you asked me originally, what are we

going to do? Well, as human beings,

having a purpose is inherently human.

And by the way, the machines don't have

one except what we give them. Second

point, choosing to help others.

While it is true machines can help

others, it's not obvious they can choose

to help others independent of us. We

have to tell them to choose to help

others. And then finally, you can enjoy

helping others. And maybe the machines

can do that. Maybe they can fool us into

thinking they can, but unless we somehow

figure out a way for them to do it or

they figure out a way for them to do it,

only human beings can do that. And so

the three basic elements of what you're

trying to do will still be here.

>> Thank you so much.

>> Pleasure. Thank you for having me. I

love Hong Kong. Every time I come, I

say, "Oh my gosh, greatest city in the

world. Thank you for hosting me here."

>> Thank you. Thank you.