Ep 61: The Future of Money: An Insider's Look at Cryptocurrencies with Lars Emmerich

When the world's economy begins to crumble, bitcoin miner Lars Emmerich sees an opportunity to save the day - but only if he can convince the masses to trust in cryptocurrency.

"I think the reason that bitcoin is different is because the entire world is watching. And if you want to pull a fast one, you have to get 51% of like a million plus nodes and miners to agree to let you screw us, basically."

Lars Emmerich is a retired Air Force pilot, best-selling author, and entrepreneur who writes about good guys with a bad streak and bad guys with a few redeeming qualities. A distinguished graduate of the Air Force Academy, a Hertz Fellow, and a two-time recipient of the Distinguished Flying Cross, Lars brings a unique perspective to any discussion about literature, economics, and geopolitics.

This is Lars Emmerich's story...

Lars Emmerich is an entrepreneur, investor, and bitcoin miner who became interested in cryptocurrency after reading about it online. He began mining bitcoin in 2012, when the value of the currency was still relatively low. Over time, as the value of bitcoin rose, Emmerich's investment began to pay off. In 2017, he cashed in a portion of his bitcoin holdings, but still holds a significant amount of the currency. Emmerich believes that bitcoin is a solution to the problems with fiat currency, such as inflation and the loss of purchasing power. He believes that the value of bitcoin will continue to rise as more people adopt it as a form of currency.

In this episode, you will learn the following:

1. How the crypto world divides into categories of bitcoin, security/commodity, and NFT land

2. The difference between a fiat currency and a crypto currency

3. The potential for a crypto currency to implode

Connect with Lars:

Website: https://lars.buzz

Free Download:

The Words of Web3 - A comprehensive glossary of terms used in the space https://mailchi.mp/9d043022b5a0/words-of-web3

Connect with me:

Instagram: https://www.instagram.com/drbrooksheehan

YouTube: https://www.youtube.com/c/DrBrookSheehan

Twitter: https://www.twitter.com/drbrooksheehan

Transcript

[Dr. Brook Sheehan]
 Hey, Dr. Brook. Here the Cryptopractor hanging out with my Copilot today, Lars Emmerich. He is the number one bestselling author of the Sam Jameson and Peter Kit Ridge Conspiracy Theories series read by over 1 million Thriller fans. Ours is an entrepreneur investor, bitcoin minor and retired F 16 pilot who writes about good guys with a bad streak and bad guys with a few redeeming qualities. A distinguished graduate of the Air Force, US. Air Force Academy, a Hertz Fellow, and a two time recipient of the Distinguished Flying Cross, metal in Valor in Combat, Lars brings a unique perspective to any discussion about literature, economics, and geopolitics. And that's what we're going to be talking about today. Welcome to the show, Lars. Thank you so much for being here.
 
 [Lars Emmerich]
 Thank you, Honor, and a pleasure. I appreciate it.
 
 [Dr. Brook Sheehan]
 Yes, absolutely. And like most of my listeners know already, my first question for all of my copilots is, tell us about your Web3 journey. How did you get here? How did you become a bitcoin miner to begin with?
 
 [Lars Emmerich]
 Yeah, so this is actually long before anybody was saying words like Web3. This was probably 2012, maybe 2011.
 
 [Dr. Brook Sheehan]
 Very early on.
 
 [Lars Emmerich]
 Yeah. Before it was a huge thing. There's already something of a thing. I guess it's about two and a half or three years after the white paper. But I was thinking a lot about value and how do you store it? Because if you have money, you put that someplace, they charge you fees to hold it for you, even though it's ones and zeros on a website these days. And then if you ignore it for too long, you realize, well, it's got half the purchasing power used to have. And I thought that was generally a bad deal overall. And it's like, what the hell do you do? And obviously people talk about gold, but the trouble with gold is it's tough to carry that around and it's tough to transact with it. And so I was spinning around, what do I invest in? Where do I store value? Stocks. Okay. But most stocks actually go to zero no matter what they think about the index. Oh, the index is great. It's flat, high, better than ever. Yeah. Most of those stocks that have ever been are not in existence anymore. And I don't even know how I stumbled upon this, but I read the premise about Bitcoin and it clicked in my brain. This solves all the stuff that's wrong with Fiat, and it solves all the stuff that's wrong with gold. And so I think this could be something. It took me probably a few more months to figure out my high, my smoking dope. Am I crazy? What do I know about this stuff? I have no background in this. What kind of a lunatic would invest in it? At this point, it's just a bunch of nerds talking in chat rooms and stuff. But I was like, the idea is so compelling, and this could actually change the way people relate to each other. It could change the way people do business all over the globe. It could really solve a lot of the oppression problems that we seem to be having for the last century or so. I debated, do I get on an exchange someplace and give them my information and buy some bitcoin? Or do I nerd out a little bit and do the minor thing? So that's when I became a bitcoin miner. We took the plunge, wired some money offshore to like, Holy smoke.
 
 [Dr. Brook Sheehan]
 Not sketchy at all.
 
 [Lars Emmerich]
 Confidence. It's going to totally work out, love. Don't worry about it. Tell my wife. She's like, I trust you. It's good. Really put the pressure on. Because then I was like, oh, man, what if this is the complete lark? But I did the thing for a while where I was weighing the utility bill against the cost, the value of the bitcoin that I was getting, and so like, oh, no, we lost $100 this month. We really meant to, like, twelve coins or something like that. And at the time you couldn't last mile with it, but I just believed in it and I was like, no, I think this is something. So I held on and I held on and I held on. We woke up one day and I was like, Holy smokes, this is something pretty cool. Now I don't mind anymore. It's obvious, for obvious reasons. I live in Kazakhstan or someplace like that, and it's just too expensive and too hard to stay on top of it. As a middle aged goofball, do you.
 
 [Dr. Brook Sheehan]
 Still have your holding the coins that you did mind? Are you holding those?
 
 [Lars Emmerich]
 Yeah. So we cashed in a portion of them. We're not getting any younger, and it would be silly to be 75 shriveled up, sitting around looking at a spreadsheet going, man, we could have taken some trips or done something with all this money. Yeah, we treated ourselves a little bit, but we held onto a bunch of coins as well.
 
 [Dr. Brook Sheehan]
 Very cool. I loved that story. That's so fun. Good for you. I don't even know, like you said, you're like, I don't know how I stumbled upon this. I'm like, man, if only I was you in 2012.
 
 [Lars Emmerich]
 Yes. I think I was actually slacking off at work. I was just surfing the web, like a government computer or something.
 
 [Dr. Brook Sheehan]
 You're like, in the dark web, go.
 
 [Lars Emmerich]
 To the heroin or buy some bitcoin. I don't know. What one are you doing here?
 
 [Dr. Brook Sheehan]
 Oh, my gosh, that's funny. What a great story. It's very cool. Ours, I want to link back to something you had just said in that story. You said bitcoin was something you've discovered was a solution to what's wrong with Fiat. Now, this is something I share with a lot of my listeners. I talk about Fiat, I talk about federal Reserve, how the United States doesn't have their own dollar, we work with the Federal Reserve Reserve now, and so on. But can you just maybe talk about two or three different things that you see is wrong with Fiat?
 
 [Lars Emmerich]
 Yeah. So I should start by saying that I've been tough on Fiat over the years, but then I was like, okay, in order to be intellectually honest about this, it can't be completely terrible. There must be some redeeming qualities to this particular system, and I think it does have those redeeming qualities. I think when you can create currency out of thin air in the form of a loan, it does give you the flexibility and the power to really organize human labor, human initiative, human energy in a really quick and efficient way. I think the trouble, though, is somebody has to have their hand on the dial for how many of these silly things you're going to create at any one time. I think there are two ways that it typically goes sideways in a Fiat system. The first way, well, the way it always goes sour is it's really tempting if you're the government and you want to get something done, and you know that people, if you give them a green piece of paper, they'll just go and spend it. They're not counting the total number of green pieces of paper on the planet before they accept that one that you give them, right?
 
 [Dr. Brook Sheehan]
 Yeah.
 
 [Lars Emmerich]
 You're just going to take it and go spend it. So if you want to get something done, get something done. If you would like to purchase votes, for example, not to put too fine of points on it, you can do that. And what happens is, especially if you have your currency measured against some standard, like a particular number of ounces of gold just pulling something out of thin air, sometimes people wake up to realize, wait a minute, there's no way I could redeem $35 for an ounce of gold, for example.
 
 [Dr. Brook Sheehan]
 Right.
 
 [Lars Emmerich]
 That's obviously a scam. Like, you have obviously printed way more notes than can possibly be backed by all the gold on planet Earth. That's one way things, I think, can go awry. People go, this is not Goldback. I'm losing my confidence in this instrument. I think people are mostly inured to that now. We haven't been on a gold standard, like, ever, but really officially, when Nixon said, yeah, sorry, guys, but we're closing the gold window, that was like 1971. My generation, we never had a Goldback currency. It was just backed by the full faith and credit of the United States government, such as it is. And I think the second way that things really go sideways in the fiat currency and this is the worst way, is when the inflation occurs so quickly that people actually feel it and it becomes part of their economic calculus. I have to spend this money today before the things I need today are too expensive tomorrow, and that's when the whole thing just blows up. So those are the things that really the two side effects of the one problem with fiat, which is that there's no scarcity. You can print it as much as you want.
 
 [Dr. Brook Sheehan]
 Right. Okay. So coming back to the inflation point, obviously, we're sitting, I think, last numbers that came out, 9.1. Maybe it came down a tiny bit last time the Fed met here in the United States in terms of inflation. But that's not a local problem that's happening here. It's also happening globally. Like other currencies in other countries, their monetary system is starting to get a little shaky, and we're seeing this happening worldwide. How do you see I know you talked about inflation and the dollar not being valuable, so people are trying to spend it faster to get the goods that they need today because those goods are going to be higher. What does that look like in an ultimate collapse? How do you see the collapse happening? Just like a slow sliding or is this going to be yeah, I think.
 
 [Lars Emmerich]
 I don't think there really any instances of a currency just, like, riding off into the sunset. Right. They always implode. It's always a disaster. People are always wallpapering their home with the old defunct currency that just explodes because the currency money is an agreement. There's nothing inherently valuable about gold. You can't eat it. It won't keep you warm. You can't burn it for warmth. I mean, broccoli is more valuable to you than gold is, but we just agree to pretend that it's valuable, it has a nice property, that it doesn't rust. But when people say, oh, gold has had value for thousands of years, people have given gold value because we have needed something of value to be the other side of every transaction. It's hard to trade one cow for 132 apples or whatever, so you have to have some meeting in the middle. And what that amounts to is an agreement. You and I are both going to agree as if this blue, this green piece of paper means something. And so as long as we both agree, it works. But if you try to hand me a green piece of paper, and I was like, whoa, keep that green piece of paper, here's my wallet address. Let's do that. Right? Yes. Suddenly the agreement doesn't work anymore. So when there's reason for people to doubt the validity of the agreement, that's when the whole thing just falls apart. It seems to happen all at once.
 
 [Dr. Brook Sheehan]
 Right. So then how do you see, like, with the crypto markets, obviously, and I chuckle when I'm about to ask this question, there's a lot of, like, crazy psychoeness in the crypto markets. People are essentially kind of like what the US. Government is doing or the Federal Reserve is doing, and printing a bunch of ones and zeros, making, quote, unquote, green paper. Although 3% of our actual currency here in the United States is actually paper and coins, the rest of it is all digital. We transact with our credit cards and so on. So there's craziness within the crypto markets where somebody, you and I can turn around and say, hey, let's create this coin. We're going to do a big pump and dump, right? We're going to create a lot of hype around.
 
 [Lars Emmerich]
 Do people really do that? No. Come on.
 
 [Dr. Brook Sheehan]
 Come on. Lies. Who would do that? Obviously, like, tokens in the crypto space are not created equal. And there's a lot of people have a lot more faith in the currency the federal reserve notes that are backed by the US. Government than they do in this new way of transacting with bitcoin and giving wallet addresses like you mentioned. But where do you see the crypto market kind of fitting in now and as we move into the future in terms of how the monetary system works globally, not even just in our perspective countries?
 
 [Lars Emmerich]
 Yeah, that's a great question. I think about it like this crypto is not any more the same than people are the same. Like, we have some things in common, but we have our differences as well. I think the way that the crypto world divides is that bitcoin is money, full stop, and everything else is a security or some combination of a security and a commodity. So the security plus commodity would be like ETH, where it powers expensively these days, it powers some smart contracts and some stuff and some DApps and it's a bit of a security. You're hoping that the small number of humans in charge of the Ethereum project are going to keep their wits about them and not screw everybody else on the goal, although I think they just have done with proof of stake that's like, how do I make an instant oligarchy go from proof of work to proof of stake? But I think the reason that bitcoin is different is because the entire world is watching. And if you want to pull a fast one, you got to get 51% of like a million plus nodes and miners. We all have to agree to let you screw us, basically. Whereas the small number of folks in charge of any of the other projects, they're more like executives at a startup and less like people doing anything revolutionary in terms of the way humans relate to the state, the state relates to the people involved in the way commerce is done. It's a much easier way to invest in a new project, which is better and worse. There's like bitcoin and then everything else. The third, I think third really important category is NFT land, where now you can own an actual non copyable digital object, whereas before you would just copy and paste whatever was of value and suddenly it's not valuable anymore because there's no scarcity involved. We don't transact in dirt or pine cones because they're everywhere, right? So if it's not scarce, it's not going to remain valuable. NFTs give the ability to preserve scarcity among digital assets. And so that I think it's a huge tectonic shift in digital. Like, you can actually now own digital property and have digital capital in a way that you couldn't have before. So that's sort of one knuckleheads view of the crypto verse.
 
 [Dr. Brook Sheehan]
 Okay, first off, you said a lot there. I kind of want to break down little pieces of it. So going back to the actual crypto aspect, and it was a really great response. Loved what you had to say in terms of bitcoin being a currency and the others being securities or commodities kind of seen in one way. And I was actually having a conversation. I just spoke at an event here in San Diego, Web3 con all about Web3 and talking about the different blockchains. And there's 861 different blockchains currently in the space now. Are all 861 going to make it? No, but the idea is or not the idea, but the reality is beyond Bitcoin, those 860 left are essentially kind of centralized. So we hear a lot in the Web3 space that decentralized, decentralized, decentralized, and we're going for that. But when you're talking about a small team, right, like the Ethereum team, we're almost putting our faith in our hope that, hey, they got their wits about them. They're not going to fly off the handle. They're going to hold it all together where bitcoin can't fall apart because it has to be 51% of a million plus nodes, miners and so on to decide collectively, hey, we're going to throw this off balance. But when you go into and I still have a lot of faith and belief in some of these blockchains, because I think that they will eventually, down the line, start to one of my other podcast, copilots had used the term we're decentralizing. We're not fully decentralized yet. We're decentralizing. So in the process of and I love that, and I do want to believe wholeheartedly that some of these blockchains are going to be decentralizing, doing something like what bitcoin is doing, to be able to make it to where it is for the people, by the people. But when you talk about NFTs, NFT's are built on top of these blockchains. So NFTs exist because of these blockchains, that the blockchain is the foundational piece. So even if we build an NFT project, and I know you're about to launch your own, so we're going to talk about that too, is let's say you launch an NFT project on the Ethereum blockchain. So you've built that NFT here, and it allows you to have digital ownership. And some people are actually having physical ownership of goods and digital aspects, so they have the physical and digital aspect with that NFT.Yeah, but how do you feel about those NFT projects? Should the actual blockchain go south? Are you still pretty okay with those NFT projects being built on top of that?
 
 [Lars Emmerich]
 The short answer is no.
 
 [Dr. Brook Sheehan]
 Okay.
 
 [Lars Emmerich]
 Because I've been involved in business ethics for a long time and there are a lot of people involved in those things. And they're people yes. And we do goofy stuff sometimes and we're subject to certain pressures at certain times. And also it's just hard to make a project go, yeah, it's super hard to build something like that. What the major tokens have accomplished so far? It's nothing short of amazing. They're brilliant and they're geniuses and we should sing their praises to high heaven. And they're also humans. So I do have a good deal of I have a healthy respect for the level of risk associated with building capital on a proprietary substrate such as any of those centralized, and there I think the only decentralized blockchain in existence currently of any notes in any scope is Bitcoin.
 
 [Dr. Brook Sheehan]
 Everything I agree with you.
 
 [Lars Emmerich]
 Everything else is basically a company with a token.
 
 [Dr. Brook Sheehan]
 Yeah.
 
 [Lars Emmerich]
 So if the company goes south and you can't transact your NFT that you built on the company's token because the token doesn't exist anymore, what do you have really? Right, who knows? But not every company fails. Some companies become Amazon or Microsoft.
 
 [Dr. Brook Sheehan]
 Absolutely. Facebook, Apple. Exactly.
 
 [Lars Emmerich]
 And so it's hard to know which will be which. If you had to bet on MySpace's chance circa 2001, 2008, or nine, you've always been, oh yeah, this is going to be the thing, this is going to make it like 14 minutes later it hadn't, it was gone, it was over. So there's always that risk when it's a small number of people involved in the project. I think the risk is significantly lower when you are truly decentralized.
 
 [Dr. Brook Sheehan]
 Yeah. Okay, I want you to first talk about your books, you as an author, how you got into doing that kind of work, where that came from. And then let's talk about because you are talking about launching an NFT project based around one of your books or making a book and NFT, and I'd like to hear about that project, but before tell us how the whole authoring started.
 
 [Lars Emmerich]
 Yeah, I had sort of always had delusions of grandeur around writing thriller novels since I read my first Tom Clancy story. And we had all these different little plot lines and they were all kind of interesting, but when they came together, it was like pure magic. Like, oh my gosh, all these weird intricate parts, they fit together in this really satisfying way for my nerd brain. And so I love that aspect about it. The second thing is that I love the idea that so many things are hidden in plain sight. You're looking at something that you perceive to be one thing and it is that, and it's also something else very different. And so those two ideas are really intriguing to me. I've done the bulk of my writing since I became involved in the Bitcoin project as a minor and investor, and so blockchain and Bitcoin. It's a theme in a lot of my books. In fact, I wrote three books, the Devolution trilogy that explores one way that a currency can collapse, and then what are some of the implications and what are some interesting scenarios that might happen as a result of that happening? It's one take, of course, it could happen a million different ways, but it's really worth thinking about and it's worth preparing for, I think. And as soon as I became aware that you could do more than monkey pictures with NFDS everything, take nothing away from those guys. It's completely awesome what they've done.
 
 [Dr. Brook Sheehan]
 Oh, my gosh.
 
 [Lars Emmerich]
 But how many different ways can you interact with your monkey picture? Right. There it is. It still looks the same as yesterday.
 
 [Dr. Brook Sheehan]
 It's a status symbol right now. At this point. They built it to a level where it's almost like somebody walking around with their Gucci bag. Right? Yeah. It's a status symbol that you have a board ape. It's not even the board ape itself. I have one of those.
 
 [Lars Emmerich]
 Totally. Yeah, I totally get it. I'm completely on board, and I'm ecstatic for them. I forgot what podcast those guys were on. Maybe it's how I built this recently. Okay, well worth the listen. Awesome, dudes. It seems like a really cool project.
 
 [Dr. Brook Sheehan]
 Yeah.
 
 [Lars Emmerich]
 But listening to it, I always and watching this sort of progress, I've always had the sense that there's got to be something, like, with a little more utility associated with it. And so there's a way now that you can mint unique copies of a novel, for example, and you can sell individual covers, so you have your unique, one of a kind in the universe copy of a best selling novel. And it's a possession that you can hold and will hopefully increase in value as that ecosystem improves and increases. And then not only can you just look at the COVID you can actually read the book. So that's a cool application, I think, and a cool way to it's a cool way to have something that you own that will hopefully increase in value, but that you can also interact with. I'm in love with the idea. These are minted on the cardano. Block. And I'm working with some folks at a project called Book IO.
 
 [Dr. Brook Sheehan]
 Okay.
 
 [Lars Emmerich]
 A friend of mine, he writes in, like, the urban fantasy and Sci-Fi genre, so it lends itself more to the kind of nerds like us who are into crypto. But he minted 3000 copies, 2700 and something copies of which 120 were uniquely designed covers, and he sold out in 45 seconds. 45 seconds.
 
 [Dr. Brook Sheehan]
 Wow.
 
 [Lars Emmerich]
 So there's something there, I think.
 
 [Dr. Brook Sheehan]
 Yeah. Oh, yeah.
 
 [Lars Emmerich]
 Can we get mine out? Can we get mine out?
 
 [Dr. Brook Sheehan]
 So awesome. I love that. So he did that through book IO. So is that you're doing your project through Book IO and then Book IO does all of their NFT projects on cardano.
 
 [Lars Emmerich]
 They do this current one. Yeah, I think mainly just because you just priced itself out of the market for many of those kinds of items.
 
 [Dr. Brook Sheehan]
 I don't know if it's proof of stake now. Shouldn't it be cheaper?
 
 [Lars Emmerich]
 Shouldn't it be cheaper? Yeah, sure.
 
 [Dr. Brook Sheehan]
 Very cool. That's so exciting. I love that. Not only I'm a huge, avid book reader I will have to be honest with you, though, and tell you, a lot of the books I read are nonfiction. I do need to get more, and I have had this awareness with myself because I always have a book and a highlighter going through it. But I'm like you know what? I really need to give my mind a break sometimes and actually read story books. I used to do a lot of story books when I was younger, but I've definitely been more into the nonfiction type of things. But it's very cool because I know I have a lot of patients in my office, I have a lot of friends who read books on Kindle and they're doing a lot of ebooks or audiobooks. And I think having the ability not only to own your own unique book cover as the NFT, actually for the NFT, but you now also get the purchase of the book like an electronic copy of it to where you're almost being able to read it, I would imagine on something very similar to like.
 
 [Lars Emmerich]
 A Kindle or yeah, eventually. Eventually. Not that way. Now there's not like an interview wallet ereader. It's actually surprisingly difficult to make an ereader. You would have thought, we have hardware on Mars, for Pete's sake. Why would it be hard to make but it is. It's hard to make an ereader that people like or an app that people like and hard to link that with the blockchain. So for the moment, you can read it on a web application at Book IO. In the future, though, you will be able to read your copy and it does connect with your wallet. So that one of the issues with music as an Ft for the moment, the way it's implemented is that you can technically own it, but everybody else on Earth still gets to listen to the song. So is it really yours? Maybe. I don't know. It's like a collector's edition of the album, right? It's a little more valuable, but there's not nearly the kind of scarcity that well, an album now would be quite scarce since everything is digital, but maybe not quite the same level of scarcity that you can get with a book.
 
 [Dr. Brook Sheehan]
 Right? Well, I mean, we definitely are, and this is something I say pretty much every single episode. We're very early on in this space, so things are very clunky. It's like when computers, personal computers first came out, they were like, the size of your kitchen. You had this big, huge monitor and this big, huge computer sitting around, and now things obviously have shrunk as technology has gotten better. So based on what you're saying, there, like, yeah, you can read it on you can read it on an app, but it's not as easily accessible or it's easy to do. That's not going to be the case forever for those of you who are listening that are very new to this space and may feel like you've missed the boat, that's not what Lars is saying. We're very early on.
 
 [Lars Emmerich]
 Yeah. Very early days. In fact, at the moment, the people who would buy NFTs from an author are generally fans of the author. Yeah, usually to start with, but maybe also folks who are excited about the economic potential of the medium and of having assets that are scarce and that will increase in value over time.
 
 [Dr. Brook Sheehan]
 Absolutely. And there's a lot to be said. This is just kind of where my mind went. Just as you were saying that, too, because I know a lot of authors will do book tours. They have a new book come out, and they'll go to two or different cities and be in different bookstores, and people will come out and be able to have the Q and A with the author, get their book signed. How cool would it be? Either, A, you show up to those, and you get your own personalized NFT. So now you're interacting with the blockchain. Or you can only go to the book tour. You can only show up. Your ticket into the event is an actual NFT, maybe like a special collectible for that city. Like, oh, you know, Lars is in quarter lane and Coeur d’Alene this is their specific. They get a little bookmark, like a digital bookmark for showing up at that event. The opportunities and the things that can be created is so endless, and how people can source that sense of community not only from the creator side, but also as a person who's following that creator.
 
 [Lars Emmerich]
 You totally have my gears turning now, man.
 
 [Dr. Brook Sheehan]
 All right. That's where my brain works.
 
 [Lars Emmerich]
 Yeah. That's an awesome idea.
 
 [Dr. Brook Sheehan]
 Yeah, of course. All right, Lars, is there anything else you would like to share with the audience base before we pull the ride into the station?
 
 [Lars Emmerich]
 Yeah. Go visit me at Lars Buzz. Whatever the best deal of the moment is, when you visit, that's where it will be found. Lars Buzz when it comes time for the NFT to be issued, I hope it sells out in 44 seconds, so I could say I beat you by a second, but if there's any left, that's where you'll find it. Yeah, that'll be the gateway to that as well. So, Lars Buzz, if anything sounded interesting, if you're into thrillers, if you're into a few ideas about what may evolve over time with the relationship between crypto and Fiat, you. Might enjoy them.
 
 [Dr. Brook Sheehan]
 Yeah, definitely. And I'll be sure to link all of that in the show notes just to get the friction to entry out of there where you can just click the link what Lars said and get exactly where you need to go. So thank you so much, Lars, for being here. I really appreciate your time today. And for those of you who are new here, I always tell you guys, make sure you keep your arms and legs in the ride. Do not try to get out before we pull up into the station. And as we end this for today, have a beautiful rest of your Thursday and we will chat soon.
 
 [Dr. Brook Sheehan]
 You made it. Congratulations. That wasn't so bad, was it? I hope you laughed and learned a little bit more about this Web3 universe and how simple and fun it can really be. Would you be so, so kind as to leave us a review and share it with your friends and family? It would mean so much to get this out to more people as we embark on the greatest transfer of wealth that has ever happened in human history. Can't wait to see you on the next one.