AI Job Loss, Purpose Collapse, and Who Owns Your Data?
Purposelessness leads to violence — and the panel thinks America is at the front edge of that curve. Jerremy Alexander Newsome and Dave Conley dig into widening wealth inequality, a shrinking middle class, two-tier justice, inflation, and AI displacement with Justin Meyers and Jason Sipple. They borrow Joe Rogan's "Bob the lawyer" thought experiment to explain what happens to identity when AI outperforms a 30-year career and UBI pays the bills anyway. Coaching work, mentorship, and acting before pain forces you to keep coming up as the practical counter. Then the conversation turns to data sovereignty — frontier AI APIs absorbing everything you type, social platforms profiling behavior, and what it would mean to actually own and monetize your own data through tokenized, immutable records.
Timestamps:
- (00:00) Purpose, identity, and data sovereignty – what this segment unpacks
- (00:02) From purposelessness to violence – the dynamic already starting
- (01:39) Bob the lawyer breaks – identity collapse when AI outperforms you
- (14:29) Your data, your balance sheet – what owning it could actually mean
Connect:
- Justin Meyers – Instagram | Facebook | LinkedIn
- Jason Sipple – Website | LinkedIn | YouTube | Facebook | Instagram | Spotify Podcast | Apple Podcast | Rethinking Banking
Transcript
Justin warns purposelessness at scale ends in violence—then Bob the
2
:lawyer arrives, identity gone, playing
video games on universal income.
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:Jason presses Jerremy: how do people
change before they hit rock bottom?
4
:Jason Sipple: Hmm.
5
:Jerremy Newsome: I remember
you saying that purposelessness
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:scale ends in violence.
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:How close do you think America
actually is to seeing that dynamic
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:emerging communities, and what
signals are you watching for?
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:Justin Meyers: Great question.
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:I mean, wealth and equality seems
to be one of the biggest factors is.
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:When we lose the middle class and it
becomes, the elite and also we all,
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:see that there's clearly tier two
tiers of justice systems in place.
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:Jerremy Newsome: I.
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:Justin Meyers: One for the elite
and one for the regular person.
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:So for the regular person, if you're left
with nothing, your money's worth nothing.
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:We go to stagflation or hyperinflation and
then you got a bunch of pissed off people
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:who just lost their jobs to AI and robots.
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:that doesn't seem like it's
gonna stay all kosher, on calm.
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:Dave Conley: Hmm.
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:And, so where, where are
we in that right now?
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:Do you think?
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:We're at the beginning of that.
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:We're in the middle of that.
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:We're at the end times of that.
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:Is this like a, like a huge, is it gonna
get better before it gets worse or get
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:worse before it's gonna get better?
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:Justin Meyers: I think it has to
get worse before it gets better.
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:I mean, clearly the system that we're
operating on doesn't work, and it seems
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:like we're supposed to have a social
contract with those we elect in office
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:who are completely doing us wrong.
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:If some of these things that we see
on these files, some of the things
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:we hear going on, some of these
wars that we're in, and the premise
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:for some of these things are true
and they're doing things for evil
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:purposes, then yes, full system reset.
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:Dave Conley: Hmm.
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:Wow.
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:Okay.
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:So walk us through Bob, the
lawyer, who's Bob and, what
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:does his life look like at 45?
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:What does,
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:Justin Meyers: Oh.
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:Dave Conley: like at 55?
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:If nothing's changing, I.
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:Justin Meyers: got a shout.
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:Joe Rogan out for this.
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:So he made a great analogy.
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:So he was saying, imagine Bob the
lawyer who was the most hot shot
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:lawyer down in New York, right?
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:Like in suits.
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:And essentially, Bob was winning all
these trial cases until there's this
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:new AI law firm that you can inject
all of the evidence, you could ingest
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:all the contracts, and you have a
custom LLM based on your court case.
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:And now, they can offer legal services
for 70% cheaper than Bob's firm
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:and have, 60 to 70% better results
that are personal to their case.
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:That could read every line
of case law ever put out.
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:Ever.
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:So Bob's like.
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:His identity's gone because he would be
out at the bars drinking or the club.
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:He was like, I'm this hotshot lawyer.
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:And then now after Bob lost his
job and their firm went under, Bob
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:gets universal basic income and
people ask Bob, what do you do now?
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:He is like, well, I play video
games all day and I collect
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:my universal basic income.
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:So what does Bob do?
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:Dave Conley: Hmm.
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:And Jason, when, so when you hear that
that scenario, the identity collapse,
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:the purposeless purposelessness, what do
you recognize from your actual clients?
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:Is Bob already in the room?
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:I mean, is he here?
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:I mean, who, are you coaching in this?
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:I.
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:Jason Sipple: Oh, great.
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:Quick, great question with Bob, I mean,
Bob wouldn't be my ideal person I'd
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:want to be working with, like, will
help Bob if he comes in front of me.
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:I'll do my best to leave whoever
I'm meeting better than I found him.
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:Right?
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:But if that's Bob's mindset that he's
gonna collect income and play video games,
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:Bob and I aren't getting along real well.
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:I don't have a lot in common with Bob.
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:I don't know how to coach him.
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:I talked to someone like
Bob the other day where.
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:he is been an entrepreneur for 25
years, has two of his boys involved in
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:the business, makes $290,000 a year,
like doing, well, but a ton of, fears.
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:I could hear it in the language, right?
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:Jerremy, like, you can hear it in the
language and you're speaking to somebody
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:he is like, well, I just spent all
my savings to go watch my two teenage
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:boys play soccer over the weekend.
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:played soccer in college.
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:He's telling me he was in great
shape, still late fifties, and he's
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:just like about he, he's worried
about so many things, but he doesn't
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:want to change the pattern he is in.
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:And I just want to tell 'em
like, Hey man, like you told
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:me, I could tell you the truth.
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:And the truth is, if you don't do
something now and start taking better
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:care of yourself now and putting yourself
first rather than last, you'll literally
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:be in the same place at 69, 79, 89.
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:And whenever you go, things
will not change for you.
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:Jerremy Newsome: Yeah, that's the crazy
part is it's, it's now regardless,
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:now it's a, regardless of the function
of society and how they're getting
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:their money too, in my opinion,
Justin is like, plenty of people that
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:are kind of getting a form of that,
although it's not high income, you
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:have a lot of government programs.
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:Or they get income now, right?
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:They're just not doing it.
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:'cause of robots and AI necessarily.
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:It's the government funding it You also
have people that have inheritances.
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:You have people that have trusts,
you have people that are receiving
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:money from previous generations.
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:You have business owners.
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:It really is ultimately, the mindset
shift that someone has to help
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:people make and see and understand.
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:that's just what I wish presently,
that we had more synergistic viewpoints
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:and either, let's call it politics or
let's call it movies, or let's call
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:it, TV shows where you have mindsets
centered around regardless of how you're
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:creating income and regardless of how
much it is, you can always create more.
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:always do more for the world.
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:You can always find a way to give back.
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:And the more you give,
the more you receive.
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:The secret to living is giving, and if
you find ways to take copious amounts
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:of time, which realistically everyone
has now, both the billionaire and the
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:be, have the same 24 hours in a day.
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:all have the same resources.
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:We all have access to oxygen our mind
and our money for 98%, 99% of the
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:population, and those who obviously are
just in a position mentally where they
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:cannot, then I would love for them to
have better better, provisions where that
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:they can do the things they need to do
to live a little bit of a better life.
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:But ultimately.
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:I'm a big, big negative proponent.
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:I'm excited to be, transformed,
potentially into a UBI system or
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:into a system where's like, Hey,
if you're making money passively,
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:you're doing whatever you wanna do.
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:That's always the dream.
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:Everyone now wants to click buttons
and just make money passively, but
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:the people who want to do that aren't
doing it now when it's available now.
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:So even when it's available in the
future, they're still gonna get
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:whatever income they get and they're
still not gonna do anything with it
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:unless, they're told differently.
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:They're taught differently.
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:They're guided differently by some
loving, caring, compassionate system
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:that starts from the ground floor that
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:Jason Sipple: Yes.
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:Jerremy Newsome: out throughout
the nation, which I would call the
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:educational system slash entrepreneurs,
like all four of us on this panel.
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:Having the ability to pour into
people constantly and perpetually and
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:frequently to show them that there is
a better way, there's a better light,
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:there's another opportunities available.
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:Jason Sipple: Jerremy question for you.
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:I man.
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:Amen.
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:Amen.
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:Keep going.
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:President of the United
States, here he comes.
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:Jerremy Newsome: Let's go baby.
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:Jason Sipple: but question
for you on that though then.
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:How do you, how do you help someone?
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:'cause I haven't found the answer yet.
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:Like, I believe like everything you
just said and when you're trying to
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:move someone towards what's possible
for 'em, my experience is people
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:aren't moving unless there's enough
pain for, them to hit that rock
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:bottom for them to say, oh my God,
this is not what I was meant to do.
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:Like, so how do we get this?
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:Unless, nevermind, I'm gonna let you
answer 'cause I have some thoughts
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:on it, but what would you say?
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:Jerremy Newsome: I can't wait.
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:Well, Justin brought up a great point.
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:He said we have a lot more pain to
go, and I think that is an extremely
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:true sentence, right, Justin?
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:Like there's, a lot more pain for people
to wake up to go, wait a minute, there's
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:probably a different way to live.
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:I think the necessity is the mother
of invention, so the Great depression.
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:kind of in a way forced to recognize
that the fourth industrial revolution
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:was here and that we had to stop being
an agrarian culture and community.
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:And we had to shift from being
farmers to doing something different.
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:And that, even then, the Great Depression,
the Dust Bowl was a 25% unemployment rate.
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:I mean, people talk about
it like it was 85%, no
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:Jason Sipple: Yeah.
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:Jerremy Newsome: right?
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:One out of every four didn't.
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:one of, 'cause I'm not lo one of
you guys are losing a job, right?
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:Like it's, it's only 25%.
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:Like yeah, it kind of sucks, but
it's not the most tragic thing ever.
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:And the likelihood, that people can lose
a lot more than that is very possible.
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:It's very imminent.
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:So to me, to answer your question, Jason,
I feel like people have to be able to.
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:given the pain and have them walk
through exercises, educational
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:approaches, mentorships, masterminds
group think where they can see, feel
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:known, and understand the pain and
how it can build in the future so
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:that they don't have to experience it.
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:And ultimately, also believe that
people will move from immense amount
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:of pain or immense amount of pleasure.
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:And it's the unfortunate truth
that general human psychology
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:works better with getting beat by
a rod than going after the carrot.
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:just happen to be wired
the exact opposite.
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:Like you can beat me into submission
forever, and I don't do anything
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:unless I actually want to.
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:pleasure is my biggest motivator.
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:It's my biggest driver.
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:So that's just how I'm wired.
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:It's just how I'm
created, which is awesome.
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:And I do think, man, that it's gonna be a,
process of cabinet members, of educational
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:members of secretary, members of Senate,
members of Congress members, and also,
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:Look at the platform that Mark Zuckerberg
has that Jeff Bezos has, that they're
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:not using nearly like Elon's using.
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:And when I say Elon's platform, I
just literally mean going out there.
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:The guy spends seven hours a day
on Twitter, and he is sharing and
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:posting and giving and commenting
and giving, people the red pill
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:treatment, if you will, of sending
them videos and sending them messages.
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:And when people said like, oh, the
moon landing was fake, he sent like
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:55 different articles out there.
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:It was like, Hey guys, like if
you believe the earth is flat that
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:you're, entitled to believe that.
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:But here's incredible evidence
that is the exact opposite.
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:But we have so many people in an
extremely large power position,
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:let, I mean, dude, LeBron James cdo.
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:Ronaldo them the mentorship, the capacity
to just simply provide to people.
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:different path and a different idea so
that they do not have to experience a
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:likely large amount of pain that is going
to come, that will shift the nation.
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:And I just hope that I can ha make
all this happen fast enough because
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:I will be one of those voices.
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:I'm gonna continue to be one
of those voices, and that's
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:why we're all here, right?
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:We're all gonna continue to
be those voices for people.
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:because Purposelessness really
defined as the lack of purpose.
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:Justin, you're absolutely right, is the
number one indicator on if someone's gonna
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:have mental health, if they're gonna be
financially free, and if they are going
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:to be physically and spiritually and
emotionally well, and lack of purpose is
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:a direct tie to poverty and really just
understanding, being seen, being given a
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:blueprint on how to escape being shown.
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:I got shown dude through a movie, right?
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:Growing up in incredible, poverty
with Forrest Gump here, IQ of 75.
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:Just a couple points
lower than mine being.
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:shown.
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:Being shown is like, listen, I made money.
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:I invested into a fruit company.
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:I no longer have to worry
about money ever again.
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:Now he's cutting the lawn for
free and he's building churches,
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:schools, and hospitals, then making
sure that Bubba's mom is retired.
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:So she doesn't have working
in one's kitchen no more.
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:Like, I think that's just so cool, but
you have to be given a compelling vision.
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:And got lucky enough to just the exact
right time to have it explained to,
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:my, hero at the time, my dad obviously.
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:But I believe if you can show other people
in prime media and prime opportunities and
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:prime positions of power and placement,
how they can do the exact same thing
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:for all the people that follow them.
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:I think that's one of the biggest keys
that are missing and that if adequately
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:tapped into would revolutionize
every country and all the countries.
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:But they just need a leader man.
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:They, they need a leader.
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:They need people to guide them.
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:They need people to show
them that this is how
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:Jason Sipple: Yeah.
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:You said something earlier, right?
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:It is how do we get people
to agree on, a vision right.
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:How do we get them to agree on a vision?
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:Like I had someone a couple
years ago, he, a grandmaster.
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:So you listen to someone that
has that depth of mastery, right?
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:In, anything like in TaeKwonDo,
grandma at this point.
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:opened a school because he didn't
wanna ha homeschool his, his daughter
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:during COVID and then like the school's
based on teaching kids how to think.
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:It's kind of a Montessori model.
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:It's kind of not.
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:But they're doing gardening,
they're doing leadership, they're
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:doing baking, they're doing all
of, they're doing, like podcasts.
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:They're doing all of these different
things that teach the kids how to think,
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:how to solve problems, how to do things.
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:And that was a conversation
that we sat down and had.
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:And it's like, that's awesome, sir,
but how do we bring this model?
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:To a nation, how do we, like this is
the thing that I've never understood.
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:I still don't get it.
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:I'm still not great at it, Jerremy.
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:So that's why, but when you have,
your whole life is built on going out.
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:You gotta get the best grades, be the
best athlete to get scholarships, to
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:be accepted into elite places, right?
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:You're always competing.
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:We compete, we compete, we compete,
and then we get out in the real world.
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:And then you're an entrepreneur and
you, you're supposed to conspire
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:with everyone, work with them.
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:So how do we teach people at an early
age, hey, solve problems together,
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:figure out how to make things and
add more value together, right?
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:How do we get on the same page with that?
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:Like that's, the leadership we need is
someone that's kind of speaking in those
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:very simple but very powerful ideas is,
listen, we're here to help each other.
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:We're not here to compete
against each other.
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:Jerremy Newsome: Yeah.
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:Yeah.
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:Love it.
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:shifting gears for just a quick, a
few seconds, Justin, to talk about.
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:Again, in a, good way, right?
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:Paint the picture for people
since we're here and you're,
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:great at painting pictures,
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:Jason Sipple: Hmm.
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:Jerremy Newsome: with, software
and with creation, you patented
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:data sovereignty tools, right?
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:You're wiring together physical
infrastructure with NVIDIA and a MD chips
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:and for all that kind of good stuff.
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:the people that are listening who
make, let's call it $58,000 a year, and
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:they have two kids, does your own data
actually mean for them practically today?
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:What would they use it for?
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:What would they do with it?
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:What should they be looking for
and how could they access it?
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:Justin Meyers: Yeah, so good question.
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:I mean, look at data as an asset, right?
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:We, we just have no way to scale,
or weigh that asset right now.
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:We don't have a way to
classify what that data is.
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:Who owns the data?
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:Once we figure out a way
to tax tax it, right?
307
:Then there'll be a, way you could
have it on a balance sheet, which
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:eventually will probably happen.
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:Like what is a Joe Rogan episode worth
in terms of the data, that podcast,
310
:if I were to put it on my balance
sheet, how, is it worth millions?
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:Is it worth a hundred million?
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:There's a monetary value to that, right?
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:Does Joe Rogan own that data or does
Spotify and YouTube own that data?
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:who, owns all the re-shares of that data?
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:Right.
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:Who, owns the ads?
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:that were made, that were
played in between that podcast?
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:So like, having ownership of your
data, and also like people are.
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:Have a little misconception when
using ai, if you're using like one of
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:these frontier models, the chat GBTs,
the CLOs, you're using their API.
321
:So they're learning and seeing
all of your data and information.
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:If you have your own computer or server
that's running your own open source,
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:large language model, say on o Lama
or in your terminal, on your computer,
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:then you have control over your data.
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:so there's different ways to look at it,
and I think people in the future will
326
:be able to monetize because eventually
these social media companies won't be
327
:able to just mine your data for free.
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:They're gonna have to probably
pay you for it, for your interest,
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:like all the things you like.
330
:I don't know if you know how
sophisticated some of these algorithms
331
:are on, meta on X, like it's
tracking how long you look at it.
332
:It's taking pictures of your eyes, your
retinas, like where you look at the
333
:video, like where you touch on the screen.
334
:Like, there's so many different
factors that these companies, they're
335
:building these massive profiles on you
and NN none of us really understand
336
:how much data they're collecting
and they're able to predict trends.
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:I heard an interesting story from
a friend, and I can't say who he
338
:is, but I could say the story.
339
:So he was working at a major, food
company, one of the ones that has grocery
340
:stores nationwide and the working in
the data science division for them and
341
:building models, to basically advertise
certain products to their customers.
342
:So they had created a model that had
predicted that this girl would be
343
:pregnant, who happened to be 17, like
120 days before she was pregnant.
344
:So they advertised prenatal vitamins
and all these pregnancy products
345
:120 days before she found out.
346
:And the dad found out and they sued the
company, but come to find out, not in
347
:a few months later, she was pregnant.
348
:Dave Conley: Hmm.
349
:Justin Meyers: So they lost the case.
350
:So, is that accurate?
351
:Jerremy Newsome: Crazy.
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:Crazy.
353
:And that What, the one movie on
this, Justin, what's the name of it?
354
:Do you remember?
355
:It's on Netflix.
356
:It's incredible.
357
:Of course, I don't
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:Justin Meyers: Which one?
359
:Jerremy Newsome: It's, the one
about like the, social media
360
:companies and like Exactly.
361
:They're explaining almost the
algorithmic aspects of what you're
362
:talking about, like using your eyes,
how long you hover over something, where
363
:your thumb is placed on the screen.
364
:All those things are being tracked always.
365
:Anyway.
366
:Justin Meyers: and as well.
367
:Jerremy Newsome: It's a wild, uh,
documentary on, Netflix, Dave.
368
:Crazy.
369
:Dave Conley: Well, let's back
up a little bit because helped
370
:create the consumer internet.
371
:And the first thing that we did, and
the first thing that we knew how to
372
:do was to track a bunch of stuff.
373
:And we did it, we were on, I was on the
tech side, we did it so we could hunt
374
:down bugs and so like we could make better
user experiences for, our customers.
375
:then we changed our business
model to advertising.
376
:And the advertising guys came in,
they said, Hey, what are you tracking?
377
:We got, well, we're tracking all this.
378
:And they're like, fantastic.
379
:And we had these simple models
and we were able to, drive some
380
:advertising and, that was amazing.
381
:But that was 27 years ago.
382
:And, we were at that time tracking.
383
:we were tracking down to the mouse,
like where you were on the screen
384
:and like what you were hovering over.
385
:25, 26 years ago.
386
:I can't even imagine what it
might be like today when we're
387
:talking about owning your own data.
388
:Like do we own anything right now?
389
:Like Right, right.
390
:After that job, I actually went into the,
administration and they, called a bunch
391
:of us who were doing technology across
the government up to, the White House.
392
:And we had this round table on
things that the, White House could
393
:be doing as far as technology goes.
394
:And, I, they came around to me
and I said, Hey, it'd be really
395
:great if we owned our own data.
396
:And the guy started laughing
at me, he said, oh, no, That's
397
:way too valuable to, business.
398
:You'll, you'll never own your data.
399
:So I, mean, do we own anything right now?
400
:Is this.
401
:Justin Meyers: Right.
402
:Is anything real?
403
:Jerremy Newsome: Yeah.
404
:Right.
405
:There's no, there is no spoon.
406
:There is no spoon.
407
:That's
408
:Jason Sipple: Come on.
409
:You tell, tell me you don't
feel that sometimes though.
410
:Like, I was watching Dave kind of
listen to Justin and I was like, wow.
411
:I was thinking, wow, like this.
412
:gets weirder and weirder.
413
:Like you're, like, you're talking
about the models of Claude or
414
:GPT and, you know, you have to
tell it like, don't be so nice.
415
:Like Jerremy, we like, that's
one of our love languages.
416
:Right?
417
:Tell, me how great I am.
418
:And so everything you say is
like, oh, that's a great idea.
419
:Is it really?
420
:Jerremy Newsome: Like
Claude, it kind of sucks.
421
:It's a terrible idea.
422
:Jason Sipple: Yeah.
423
:that
424
:Justin Meyers: Completely incompatible.
425
:The two parts are completely
incompatible, but it sounds great.
426
:Jerremy Newsome: yeah,
427
:Jason Sipple: Yeah.
428
:Jerremy Newsome: yeah.
429
:There's a hilarious dude right now who's
doing Chad CPT videos on Instagram,
430
:and he'll talk to the Chad CPT and
he'll like, his eyes will be closed and
431
:he'll ask him like, why can't I see?
432
:It's, it's hilarious.
433
:it's an amazing satire.
434
:Justin, I have a question
about what you talked about.
435
:'cause I don't understand this part.
436
:Just clear it up for me.
437
:When you say you can put it on the balance
sheet, what are you referring to exactly?
438
:Like what are we put,
putting on the balance sheet?
439
:Justin Meyers: So, like I use the
analogy of the Joe Rogan podcast, like
440
:how do we put a monetary, like, can Joe
Rogan go get a loan against that asset?
441
:Right?
442
:Like, why not?
443
:Jerremy Newsome: And the asset
444
:Justin Meyers: you, go
445
:Jerremy Newsome: his social reach
and the power that it holds.
446
:Right.
447
:The monetary optimization possibilities.
448
:Justin Meyers: Yeah, absolutely.
449
:All the advertising, like
how much is, like 15 seconds
450
:in between, segments worth.
451
:So it's gonna come down to like putting
that on like an NFT, like a blockchain
452
:receipt and then like tokenizing it.
453
:Jerremy Newsome: Hmm Are we gonna
be able to tokenize stuff without
454
:using the blockchain, do you think?
455
:Because me and Dave are kind of bears on
blockchain, we think it's kind of dumb.
456
:Justin Meyers: So the, the blockchain
and crypto are 2D separate things.
457
:It's just the actual technology of like
having an immutable record and then like
458
:being able to, fractionalize the assets.
459
:So we'd be able to assign an A score.
460
:So we'd be able to create a scoring
system hypothetically saying,
461
:okay, based on a Joe Rogan episode
or a PBD episode with this guest,
462
:this is the monetary value, right?
463
:And then be able to fractionalize it
like a REIT or something like that, and
464
:like sell shares of that episode because
you, you now have ownership of that and
465
:maybe you can now advertise, et cetera.
466
:So there has to be, there
is a monetary value.
467
:It's just, it doesn't, obviously
the government's behind, so we
468
:don't know how to put a, actual
figure to that asset dollar value.
469
:But it is an asset,
it's an intangible one.
470
:Jerremy Newsome: Yeah.
471
:Yeah, that's, okay.
472
:Makes sense.
473
:It's good to think about.
474
:I think it's really, interesting.
475
:'cause there's, there's ways to do
that now, but to your point, it's
476
:gotta be a little bit more verified,
especially from a bank standpoint.
477
:Right?
478
:Justin Meyers: Mm-hmm.
479
:Jerremy Newsome: Yeah.
480
:Alex: Justin lays open a 17-year-old's
pregnancy predicted 120 days
481
:early, while Dave reveals data
ownership was rigged from day one.
482
:But the harder reckoning
circles closer—if no one owns
483
:themselves, who stands to lose?
