Doomed to Fail

Ep 217: James and the Giant Bitcoin - James Howells

Episode Summary

What would you do if you accidentally threw away a fortune? In this episode, we dig into the story of James Howells — the IT worker who tossed out a hard drive holding thousands of Bitcoins, worth hundreds of millions of dollars today. From the rise of cryptocurrency to the landfill treasure hunt that captured global headlines, we explore how one mistake turned into one of the most expensive “oops” moments in history.

Episode Notes

What would you do if you accidentally threw away a fortune? In this episode, we dig into the story of James Howells — the IT worker who tossed out a hard drive holding thousands of Bitcoins, worth hundreds of millions of dollars today. From the rise of cryptocurrency to the landfill treasure hunt that captured global headlines, we explore how one mistake turned into one of the most expensive “oops” moments in history.

Episode Transcription

Hi Friends! Our transcripts aren't perfect, but I wanted to make sure you had something - if you'd like an edited transcript, I'd be happy to prioritize one for you - please email doomedtofailpod@gmail.com - Thanks! - Taylor

 

Taylor: It's been a week since we talked. How are you doing

 

>> Taylor: In the matter of the people of State of California vs. Orenthal James Simpson, case number BA097.

 

>> Farz: And so, my fellow Americans, ask not what your country can do for you, ask what you. Taylor, we are back four days later. How are you doing?

 

>> Taylor: How long do you think a week is? Do you know? Four days.

 

>> Farz: I've been on the lake all day. Be alone.

 

>> Taylor: I'm good. Great.

 

>> Farz: It's been. It's been a week since we talked. For context, we record two episodes in a single day. And I keep forgetting what they would release on. And then I make blunders like this. But hopefully this will all get it edited out in post. We'll see.

 

>> Taylor: Also, just you.

 

>> Farz: Just me. I know.

 

>> Taylor: To you. Hello. Welcome to Doomsday.

 

>> Farz: Thank you. I totally forgot.

 

>> Taylor: Probably Monday. My name is Taylor, joined by Fars. We bring you historical disasters and failures. And today we're going to hear from Fars.

 

>> Farz: And I have a really fun story today.

 

>> Taylor: Excited. Wait, is it about. It's not about the Ark of the Covenant, but you just, like, happen to also be learning about the Ark of the Covenant?

 

>> Farz: I. I go on these weird sidewinder journeys.

 

>> Taylor: That's awesome.

 

>> Farz: No, it has nothing to do with the arc of the Covenant. It has to do with. So I'm gonna. I'm gonna. I'm gonna be like a little bit prejudice for a second.

 

>> Taylor: Good start so far.

 

>> Farz: So I've been to a lot of, like, conferences where somebody corners me and starts telling me about the blockchain, about crypto, and I don't know how to express the degree of repellence I have towards those people. But it's. It's like if someone, like, wrote me that I didn't want to grow me, like, that's how I feel. I want to just get away as quickly and as fast as possible.

 

>> Taylor: What are you. Are you. Again, not to victim blame, but are you asking for it? What were you wearing?

 

>> Farz: I was wearing a polo. Actually, in most cases, I was wearing a polo, so I was asking for it. You're right. It was a la cost. You got me on that. But all that being said, I'm gonna touch on that topic. Cool. Within the parameters of a very interesting story. Which begs the question, what would you do, Taylor, if you woke up one day and realized you lost $900 million?

 

>> Taylor: I'd be upset.

 

>> Farz: You'd be upset?

 

>> Taylor: Yes.

 

 

Taylor Nakamoto: 99.9% of crypto is a complete and ugly, utter scam

 

>> Farz: So I think by now most people have heard the story of the guy who lost a bunch of bitcoin because he threw a hard drive away. It's so Fun. It's such a fun story.

 

>> Taylor: I'm excited because I don't understand why he can't just get it another way. But I also understand. I 15% understand the blockchain, so I get that you can't also. So please tell me more.

 

>> Farz: Exactly. So I want to go through. There's actually not a huge amount of content about the guy's query and search for his lost hard drive. But so much of it is based on what the bitcoin phenomenon, ecosystem are all about. I'll just go. I'll start there as a baseline here. Let me take a second.

 

>> Taylor: Our stocks are barking, but I just wanted to mention that I don't think bitcoin is real money, but also, like, what is real money? Because we just made that up too, so why wouldn't this be, like, the next thing Anyways?

 

>> Farz: So I'm going to get into, like, the aspects of bitcoin that, like, we're actually, like, fascinating, like, how it came about and, like, what happened. Like, what? Like, again, these are the conversations that if I were to bar in D.C. or New York and somebody were to talk to me about it, I'd be like, I literally wrote this down. I'm going to read from the outline directly. I go, by the way, before listeners switch this off, I'm going into the whole history of the blockchain. Sorry, I'm not going into the whole history of the blockchain. We've all been cornered by someone at a bar wearing Patagonia and explaining to us how money is a scam and that crypto is the future.

 

>> Taylor: I feel like that D.C. a lot. Yeah.

 

>> Farz: Literally put that down. Because, like, I'm not doing that. I'm not that guy. I promise it's not going to end with me trying to sell you a doom to fill coin. Like, this is.

 

>> Taylor: Oh, God. I know. Don't. Don't buy it. If we ever try to sell you a meme coin.

 

>> Farz: So. So. So my general perspective is that 99.9% of crypto is a complete and ugly, utter scam. Like, it is all bullshit.

 

>> Taylor: I whispered that while you were away, I'm sure.

 

>> Farz: Did you really?

 

>> Taylor: Yeah. I think crypto is a scam, but also all money is a scam, but also crypto is, like, especially a scam.

 

>> Farz: It's obviously such a scam. It's so clearly a scam. It's like, this is the next one. It's the next big thing. And, like, what are you doing with that? Like, why do you care if it's the next big thing. If it's the next big thing, then just let it ride. But you don't, because you want real money.

 

>> Taylor: Right.

 

>> Farz: But I will say that my personal belief is that bitcoin stands outside of that equation, is the only consistent thing. Which is why this story is so fascinating.

 

>> Taylor: Totally.

 

>> Farz: For one, it has the benefit of actually having consistent growth over time, unlike other cryptos. Also, it has a unique advantage of being capped. So there's a finite amount of it in the universe, which isn't true for most cryptos. There's always going to be more of it.

 

>> Taylor: But all crypto is on the blockchain.

 

>> Farz: Yes.

 

>> Taylor: Or is there one blockchain or something?

 

>> Farz: The blockchain is a concept. It's not like a highway. Yeah. It's the fact that every computer that is a part of that ecosystem is running the validations simultaneously for all transactions. Like, that's what the idea behind blockchain is. So. And I learned so much here, Taylor, that, like, I did not know. And I'm. I'm like, semi plugged in enough to know that, like, guys who try to sell me on this are all wearing Patagonia. So, like, I know enough, but this still taught me something.

 

>> Taylor: I love that. I love it. I'm so sorry that happens to you.

 

>> Farz: It's crazy. Often, like, it's insane.

 

>> Taylor: If you want to, like, text me a safe word, I can call you. I might have conversations.

 

>> Farz: I might have to do this. So it. Bitcoin is a concept. It kind of all started with this guy named Satoshi Nakamoto. For context, there's probably not a single person named Satoshi Nakamoto who did this. It's almost certainly a pseudonym for a person or group, creative group of people who came out with the original code for bitcoin and how it was to be created, stored, and the rules by which it operates, which also cannot be changed. And that's why it's cap. Because every. Because every private server that's mining or transacting bitcoin is also running the code, contain the rules, and also ledger that validates every transaction. That's the idea behind it. That's the blockchain piece of it.

 

>> Taylor: That's like the promise that it's, like, legit. You and I both don't own the same thing.

 

>> Farz: Exactly that. Exactly that. And I'll tell you which I'm literally. That's the problem we're trying to solve, actually, real quick.

 

 

So going back to Satoshi, he built off the work of others before him

 

So going back to Satoshi, he built off the work of others before him. The idea was to create a digital currency early on, like the 1990s is what it was, where the overhead of creating the currency involves solving some mathematical riddles or puzzles. And in exchange for doing that successfully, you were going to be rewarded with this digital coin. That was a. That was the idea of crypto, basically. And I tend to ask myself, like, what problem does this solve? Like, I don't have a problem with like, my money in bank of America, you know.

 

>> Taylor: Right. I mean, I don't ever. I very rarely have any physical money, you know, almost never. Like our. One of our contractors who comes into stuff in the house, he's like a mountain man and does not use bank, so he needs to be paid in cash. And I had to like, open a bank account at a chase because USAA doesn't have ATMs, because I just have never gotten cash out of ATM in years. So here's the money is digital. Right?

 

>> Farz: So, but here's what's funny is that cash isn't the problem because cash doesn't require a middleman to validate whether you have the cash or you don't have the cash. Right. Like, you either have it or you don't. The problem becomes in digital transactions where there's a middleman in the middle that's logging the ledger on both sides of, like, Taylor's paying fars. Does Taylor have this money to pay fars? She does. Does force have the ability to accept this money? He does. Like, like that gets in, like, what problem they were trying to solve when they first came out. With crypto as a concept, the first idea was, again, there's no middleman, meaning you don't need a bank or any company in the middle of the transaction to validate that person X can pay person Y, which is the hypothetical we're talking about here.

 

>> Taylor: Okay.

 

>> Farz: It also made debanking impossible. Like, debanking is mostly a problem in authoritarian countries, but when it becomes a problem in your country, like, you are acutely aware of it as a thing.

 

>> Taylor: So is that. That's different than, like, there's a bunch of. That's a. Like some very high percentage of the American population is unbanked because they don't have a bank. But like, debanking, is that like taking that away from people?

 

>> Farz: Yeah, yeah, it's taking away from people.

 

>> Taylor: Yeah.

 

>> Farz: Various reasons. Like, again, if you're an authoritarian country and you are worth millions and you have the resources to push back against the government, well, maybe you don't have the resources anymore. Maybe you don't Have a bank, access to a bank anymore. Like, that's, that's a huge issue. It also, I mean, here's where like crypto gets in this weird like legal gray area is that like, if you're working in the gray or the black markets, like, you don't have access to banking. Like marijuana transactions, when they became legalized in California, for example, wasn't legalized federally, which meant that banks that operated federally, which is like pretty much every bank, they weren't able to transact marijuana transactions.

 

>> Taylor: Right. You can only pay in cash.

 

>> Farz: You only pay in cash, use a.

 

>> Taylor: Debit card and they treat it like you're taking out of an atm.

 

>> Farz: Exactly that. Exactly, yes.

 

>> Taylor: They give you change back wherever it is.

 

>> Farz: Yeah, yeah. Also, traditional money used to be fixed to the gold standard, which meant there was a one to one ratio of dollar in the dollars in the economy to the gold being held at the Federal Reserve. The argument being that now that isn't the case anymore and a dollar is worth a dollar only because we decide that it's worth a dollar. And there's also no cap. If the Federal Reserve decides that it wants to flood the market with cash, they can totally do that. Meanwhile, Bitcoin is actually capped at 21 million coins. I actually didn't know that until today. That's the cap. They can never exceed that amount. And finally, the only requirement to be part of this version of the economy is an Internet connection. Like you don't need to be a part of a bank, a country or anything. There's no holidays. There's nothing. Like it's all. And like, I'm going to be honest, I don't know why all this is a big deal because I don't do anything criminal. So I don't. I, I guess it's a big deal because the value of Bitcoin's gone up so much. But like, I don't totally get it if I'm being honest. But whatever.

 

>> Taylor: They can make that X amount of coins, but the coins can be worth whatever infinite amount of money.

 

>> Farz: It's all, it's all based on market demand. It's all based on what people think it's worth. It's just like cash in, in a fair market.

 

 

2005 to 2007 is when people high up in global financial sectors realized economic collapse

 

And, and this like this part actually blew my mind quite a bit. So 2005 to 2007 is when people high up in the global financial sectors realized that we were heading for a huge economic collapse. The international banking system started getting hit in 2007 with French and German banks becoming the first recipients of public bailouts. By late 2007, they had spread to banks of banks in England and eventually the US. I did not know that. I was very self centered and was like, this is a us thing.

 

>> Taylor: I agree. Yes.

 

>> Farz: I did not know.

 

>> Taylor: I know there's a global economy, but I understand what you're saying, dude.

 

>> Farz: I wrote down like there was an old saying I remember which was when the quote, when the U.S. economy sneezes, the rest of the world catches the cold. Like our economy is so freaking and so spread out.

 

>> Taylor: Yeah.

 

>> Farz: Everything that we touch affects other countries. And like I did not know this about the recession in 2008, but it was the day is when the crisis actually hit the US the hardest. That's when like, you know, AIG went out of business.

 

>> Taylor: That's what Lehman and Bear business. Yeah.

 

>> Farz: And this was the time when the world finally had a clear view into all the shady dealings and practices of the financial institutions. How easily they could destroy all of our lives if they wanted to. And it's within that context. In August of 2008, Satoshi Nakamoto, the person, the pseudonym, the group, whatever, they released their first bitcoin into the wild. And they created as part of the ledger, it's called the, it's called the Genesis coin is the very first bitcoin ever produced. And as part of that, the ledger read, quote, the Times. 03 January 2009. Chancellor on the brink of a second bailout for banks. So it was like a nod to the fact that like, hey, like we're trying to do something like different than what money has been and this is it. And all that came like, I'll get into this later on.

 

 

Do you understand how bitcoins are generated? It has to be mined somehow

 

Do you understand how bitcoins are generated?

 

>> Taylor: It has to be mined somehow. But I don't know what that means. Is that right?

 

>> Farz: Yeah. They basically is part of the code base that is being run on all these CPUs that are running the ledger that mine Bitcoin. There's a logic and encryption to it, which is the computer that is running the computations for mining has to solve a mathematical, a very complex mathematical equation. And over time that equation gets harder and harder because the more that is mined, the system has like a logarithmic look back towards how easy it was to mine that last bitcoin. So it determines whether to increase the encryption level of the dex coin that mines or decrease it typically, which what is supposed to happen is that a new coin should be mined every 10 minutes. But that's not where we are at this point. Because so many people have tried to mine bitcoin that the encryption level keeps increasing to the point where now you need industrial level processors to do that. Like. Right, yeah, exactly. I'm actually going to get into that here in a bit. But it's, it's a whole. That's how you generate them.

 

>> Taylor: And when that guy who mined bitcoin at work and got fired.

 

>> Farz: At our work.

 

>> Taylor: No, not our work, but like some dude like did it at his job and he got super fired for it.

 

>> Farz: Yeah, it's, it's a horrible use of company resources.

 

>> Taylor: Yeah.

 

>> Farz: So in the early days mining bitcoin was like mostly for cryptography nerds. Like people that are super like code breaking concepts. Because there was no value in bitcoin. Nobody knew what it was like, there wasn't any money to be made doing this.

 

>> Taylor: It was.

 

>> Farz: Yeah, it was a game. They're only doing it because they kind of caught wind of this concept on some esoteric math forums and like cryptography forums that Satoshi had posted to.

 

>> Taylor: After.

 

>> Farz: A year or two. Satoshi himself wasn't even involved in Bitcoin. Like by 2010, this released in 2008, in 2010, he was not involved in bitcoin at all. There was no transactions or ledgers that included his wallet as part of the history of bitcoin whatsoever. And on that note, his wallet and basically all crypto wallets are basically public. They kind of have to be so the ledger can be used for future transactions to ensure the chain of custody of that bitcoin.

 

>> Taylor: Right.

 

>> Farz: We know that his wallet has not been touched. It's interesting because his wallet, we know for a fact currently contains 1.1 million bitcoins.

 

>> Taylor: Wait, but it doesn't exist.

 

>> Farz: It does exist. That volume of bitcoin this guy has held since 2010 currently makes him roughly equal in wealth to Warren Buffett. $135 billion.

 

>> Taylor: But he's not like cashing it out.

 

>> Farz: Not cashing it out.

 

>> Taylor: If he exists.

 

>> Farz: Yeah. Isn't that crazy?

 

>> Taylor: I wonder what that's about.

 

>> Farz: One of my questions to, to GPT Chad. GPT was how can someone be worth 135 billion and be anonymous? Like how is that even possible? Like.

 

>> Taylor: Yeah, well, I feel like we, we know like 10 billionaires and there's like thousands of them.

 

>> Farz: Yeah, yeah, he, like this, this will put him on, on the list of the 15th richest person in the entire world.

 

>> Taylor: Wow.

 

>> Farz: And nothing for 15 years now.

 

>> Taylor: Do you think he's not a real person?

 

>> Farz: No, I think he's a real person. And I think that he is someone who is passionate about his mission and is driven by cause and not money. And he knows that if you were to liquidate it would tank the value and tank, tank the transaction.

 

>> Taylor: That's fair.

 

>> Farz: He obviously understands economics and so he's like, I, I want this to survive way past me. And I think that's probably why he doesn't do it. I would, I would absolutely do it. The ultimate rug pool. Yeah.

 

>> Taylor: Never see me again. Yeah.

 

 

James Howell was one of the first people online actually mining bitcoins at home

 

>> Farz: But that's where we're going to leave Satoshi off and go into an early cryptography nerd named James Howell. James is a British man born in 1985, making 23, 23 years old when Satoshi released the first bitcoin. He was always into computers and math and was a tinkerer at in the early days of the Internet. When the global economy collapsed in 2008, he was part of that growing course of people who thought the financial system was a scam and full of, and was trying to screw people. And he saw the promise in the idea of crypto based on the readiness of Satoshi. I actually pulled up the, through the Wayback Machine. Some of his writings, Satoshi, like, they're weirdly like prescient to our times. Like, like, like he was literally just calling a spade a spade in a way that people were probably uncomfortable. Like, he was like, yeah, like this is a messed up system. Like, you don't know what the incentive structures are of the groups that are doing what they're doing and like they have the capacity to tank all of our lives. Like he was, he was right.

 

>> Taylor: It's not. Yeah, it's all kind of like it's all made up. And yeah, it's not fair.

 

>> Farz: I mean it is made up. A dollar is a dollar because we say it's a dollar. Like it is made.

 

>> Taylor: Exactly. Yeah.

 

>> Farz: So back in those days again, anyone with a normal computer at home could mine bitcoin roughly to the tune of 100 or so a day. So like, if you just had a normal average run of the mill consumer PC, you could mine 100 bitcoin a day, which is like crazy by today's standards. The way Satoshi wrote the rules of the original code base was that the system would look backwards as coins are mined. If too many coins were mined too fast, the difficulty level of that math puzzle would increase to reduce the amount of coins being developed in sentence circulation. So back when James got involved, you could run the mining program in the background all day long as you're doing your day to day life. Like it's not a big deal. Like you do on your home PC.

 

>> Taylor: Right.

 

>> Farz: Like now, to mine a bitcoin, the difficulty level has gone to the point where you need warehouses of industrial strength computers to do this at scale. Like it is. Like it is. I saw some of the server farms that do this and like, they're crazy. Like, you require tens of millions of dollars to run these places.

 

>> Taylor: Of course.

 

>> Farz: I think, I can't recall exactly, but I think the last I read was that as of now, about 19 million bitcoins have been mined. The total cap on bitcoins is 21 million. There could never be more than 21. They're saying that between the 19 million that are out there today and the 21 million that can be out there. So 2 million bitcoin, it's going to take until 2,140 till we can mine them all.

 

>> Taylor: Because it's going to take exponentially longer.

 

>> Farz: Exactly. Which it makes sense why the dollar value of bitcoin goes up so much, because every moment of the day it becomes a more finite resource. But it's only valuable because we say it's valuable, not because it actually is.

 

>> Taylor: Yeah.

 

>> Farz: So for a year or so from when Satoshi released that first bitcoin, James was one of the first people online actually mining bitcoins at home. And he would also do random upgrades to his computer. He would change parts of his computer tower, he would replace the hard drive, the motherboard or the GPUs. Sometime in mid-2013, James was clearing out the workspace that he ran out of his house and decided to ditch some hard drives. And he asked his girlfriend, this poor woman named Hafina, to throw out a bag containing some hard drives. Yeah, months later, I think it was like three months later, Bitcoin hit $1,000 per coin. And he was like, oh, s***, I'm rich. Where's my bitcoin hard drive? And that's when he realized I don't actually have it. At that point. It's so funny because back then it's kind of cute. Back then, his hard Drive contained $8 million of Bitcoin, which is a lot of money, but it's like, cute in comparison to what he actually lost.

 

>> Taylor: I mean. Yes.

 

>> Farz: So he races down to the landfill in South Wales where it's presumed the waste ended up, and he begs to be allowed in to search for it. But by that time, they estimate that it's buried under roughly 100 to 200,000 tons of waste.

 

>> Taylor: Oh, my God.

 

>> Farz: Since that day, he has been continuously lobbying the city council for permission to search the landfill and he keeps getting denied. In 2021, he offered the council 25% of the value of the bitcoin that he can collect if he were to recover it, which they also denied. Their logic was, look, if we allow you to do this, we're going to incur a ton of cost. There's no telling if you can find the hard drive. And if you find the hard drive, it's probably destroyed anyways.

 

>> Taylor: Right, that's what I was thinking too. Like, it's probably full of water, it rains.

 

>> Farz: Well, what he said is that it was in a protective case, which, like, cool. Like they probably don't test those things up to 200,000 tons. And that he was like, it was like, we'll find some forensic recovery company that can do this. The estimates to try and recover the hard drive of the city council and by James himself was around £5 million. He even went so far as to offer a hedge fund 50% of the wallet if they can provide him financial support to recover it. Because he needed a ton of money, like he needed to make. He had 5 million in cash, in his opinion, to do this. The recovery costs by James own estimate have since ballooned to as of 2022, £10 million is. Now he wants to deploy AI robots and AI drones to help.

 

>> Taylor: I thought he gave up.

 

>> Farz: No, he has not given up.

 

>> Taylor: I thought he gave up like this week.

 

>> Farz: No. Did he? I didn't read that.

 

>> Taylor: I feel like, yeah, he gave up a week ago.

 

>> Farz: Seriously?

 

>> Taylor: The BBC said Bitcoin James Howells gives up on August 7th.

 

>> Farz: Oh wow. It's been 10 days. That's sad. I don't want him to give up.

 

>> Taylor: I don't want to give up either.

 

>> Farz: Dude, find the hard drive, man.

 

>> Taylor: James, James, James, James. You can do it.

 

>> Farz: You can do it right now.

 

 

James McAfee sued the city council for £440 billion over bitcoin theft

 

So he also went on like, actually, you know what, it kind of makes sense because the other half of this I was going to say was that he actually sued the city council in 2023 for like £440 billion for not allowing him to search. And in January 25, like this year is when the suit was dismissed by the court saying that, quote, James like, had no realistic prospect of succeeding in the search for the hard drive. So like, maybe he heard that and was like, okay, like, nobody believes in this and so maybe I should give up. So as of today's bitcoin price, that hard Drive contains $944 million. Wow. Is that insane?

 

>> Taylor: That's insane. That sucks.

 

>> Farz: So that is the single most expensive human blunder in history. Yes. We've had other blunders like the James Hubble telescope. And like we've collectively as a species, we've had more expensive blunders. But for a single person, for single interests who have done anything, this is the biggest one. Do you know the second biggest one was.

 

>> Taylor: Give me a hint.

 

>> Farz: It was another bitcoin guy.

 

>> Taylor: No way. Who's a nerds.

 

>> Farz: Who's a guy who was a guy named Stephen Thomas who has $827 million in bitcoins on a thumb drive with a security protocol.

 

>> Taylor: Oh, he can't remember it.

 

>> Farz: That caps out at 10 attempts. He is at 8 attempts.

 

>> Taylor: He doesn't remember his f******.

 

>> Farz: If he has two more wrong attempts, the hard drive self destructs.

 

>> Taylor: That is insane.

 

>> Farz: Yeah. Is that nuts?

 

>> Taylor: Yes.

 

>> Farz: Billions. Billions of dollars.

 

>> Taylor: Wow, that's wild. And that their money or their whatever, their bitcoin, for whatever it's worth, is, like, lost forever. They can't access it, but no one else can either. Just, like, reset those couple coins and put them back into the circulation. That would inflate it. So now, talking to myself, I feel.

 

>> Farz: Like I'd rather be the guy who can't remember his password than this guy.

 

>> Taylor: I don't know. I feel like.

 

>> Farz: Because I feel like I could, like, take. I think I could take that thumb drive to, like, Apple or Microsoft and be like, you can have 90% of the bitcoins on this wallet. Just give me your best engineers. Solve this for me, Right? Tell you. Did I ever tell you that I. That in 2011 I bought 10 bitcoins for $5? Yeah. Yeah. I used them all. I found them all. There was like, stupid app I wanted to buy for my s***** Android phone, and I used them all. And When Bitcoin hit $60,000 a piece, I was like, could I have been smart enough to have bought like, an extra couple? And I was not.

 

>> Taylor: Yeah.

 

>> Farz: You know, I was talking to Rachel about this. I was like, I don't feel that bad about it. Because honestly, I probably, like, by the time it hit, like, 50 bucks a piece, I would have sold it.

 

>> Taylor: Yeah. And, like, there's like, I was getting these, like, stupid ads for this, like, stock market investment thing. And it's like, well, if you would have bought Apple on this time, you would have had this much money. And I'm like, yeah, of course. Every f****** stock. Like, if I would have known the future. Yes.

 

>> Farz: But I don't I will say now I only sounds so stupid and douchey, but I. I pretty much only when I have spare money to, like, invest beyond, like 401ks and whatever. Like, I'll put it in bitcoin. Because I do think that the closer we get to hitting that cap, 21 million, the more that value is just going to skyrocket.

 

>> Taylor: Yeah.

 

>> Farz: But I don't. But again, please, God, never see me at a bar and talk to me about crypt. I don't care. I don't want to know.

 

>> Taylor: I have a friend who is very passionate about it. And it is weird.

 

>> Farz: I love people that are passionate no matter what it is. I think it's great to be into.

 

>> Taylor: Something and pass on something. Of course.

 

>> Farz: But in terms of like, like, like, and. And y' all are all probably correct. Like, I. Y' all are probably like, in. In 200 years, your corpse will be laughing at my corpse. But right now, here. That. Now it doesn't. Who. Who cares?

 

>> Taylor: Yeah. Yeah, no, totally, man, that is wild. I mean, sometimes I like, you know, you accidentally throw away something and you're like, so p*****, but it's never.

 

>> Farz: It's like, whatever, you know, Rachel, I was like. I was like, dude, like. Like, it could also be behind his back seat of his car. Like, it could.

 

>> Taylor: It could literally, if he just, like, found it.

 

 

Who throws away hard drives without wiping them? Who

 

>> Farz: Like, if you. If you're.

 

>> Taylor: Who throws away hard drives without wiping them?

 

>> Farz: Yeah, that's a good point. That's a good point.

 

>> Taylor: I feel like I would, but I guess maybe. Did you throw away the wrong bag or did it just, like, accidentally have this thing in it?

 

>> Farz: No, they threw away the bag they thought had the. He.

 

>> Taylor: He.

 

>> Farz: Because he went back when it hit a thousand. He was like, oh, I'm done. I'm done working. I'm done. I'm rich. And then he went to pull it and was like, oh, my God. Like, he mad. Like, what would your heart do? I feel like it would jump in a way that, like, your chest cavity would feel it.

 

>> Taylor: Oh, my God. I think I would throw up. Yeah, no, you'd feel terrible.

 

>> Farz: And that was when you thought you lost 8 million, never mind nearly a billion.

 

>> Taylor: Oh, my God.

 

>> Farz: Anyways, fun times. Yeah, that was. I learned so much. The fact that I learned that, like, it was capped to 21 million. I didn't really know that. I didn't know that. Like, the encryption is self fulfilling. Like, it. It rewrites itself based on how fast. It's so interesting. Like, it's. It's pretty cool. It Was a good concept. I think that's cool also, like. Yeah, money's fake. Like, it's fake anyway.

 

>> Taylor: Does it? I mean. Yes. What? I mean, we don't know what we're doing anyway, so, like, if it's all.

 

>> Farz: Based on your trust in it. Well, the trust that people have in, like, green currency is going to be gone in 100 years anyways. So, like, why doesn't it make sense to do this, like.

 

>> Taylor: Anyway, Right. And then, like, once we're not. Once you're off the gold standard, we're just, like, even more making it up, you know?

 

>> Farz: Yeah. So that's my story again. Never, ever approached me to talk about crypto. Love a God.

 

>> Taylor: Oh, my God. So funny. You haven't said one.

 

>> Farz: Two, dude. I bet one because one looks like someone who's into crypto. One looks like the kind of guy who would approach me. Selfish one. I love you, Juan. Want to love. You definitely look like someone that would approach me about a crypto scheme.

 

>> Taylor: So funny.

 

 

Rachel: Our friend Nadine lives in a really remote part of Canada

 

>> Farz: But you had a story. You had a listener mail.

 

>> Taylor: Oh, I do have a listener mail. Our friend Nadine is actually in a really, really, really northern part of Canada, very similar to Barrow, Alaska. And she was telling me about how they. Because you talked about Barrow, Alaska, last.

 

>> Farz: Where she. Where is she?

 

>> Taylor: I'm not sure exactly, but it's like she said it's, like, very. It's. It's north super north in Canada. It's close to Barrow. But she said everything is very, very expensive there. Because we're talking about. The houses in Barrow were, like, way more than we thought, which totally makes sense. It's because there's nothing there. You have to bring it there.

 

>> Farz: Yeah. You know, yellow fish. I don't know if you hear this. I heard a lot from my friends up north about yellowfish and how beautiful. But, yeah, crazy remote it is. You have to, like, drive through, like, white glacial ice to get there. And, yeah, I heard it's incredible if you do get. But it's also really hard. So if you're there, that'd be crazy interesting to know.

 

>> Taylor: Yeah, I think that's like, that. And then. Then, yeah, that's like the. The point that she was saying, you know, they want, like, people have to live up there. So, like, you can say that like, it's part of Canada still. People, like, live there and inhabit there, but it's, like, complicated because, like, it's hard to get stuff. And there's also, like, indigenous people who are still there, who are, like, people who've been Treated terribly throughout centuries and all this stuff. And they are trying to like preserve any, you know, way of life that they ever had. But then like, people are. We have to still have to like defend this area of Canada because you can't just like let the people walk into it. You know what I mean? So interesting.

 

>> Farz: Sorry. Who would walk into that part of Canada?

 

>> Taylor: Russians.

 

>> Farz: Did they really walk over to Canada?

 

>> Taylor: No, I think that like the Bering Strait was gone like a thousand thousands of years ago. You help me walk on the Bering Strait?

 

>> Farz: Yeah, sure. I did research that it's named after a guy named Bearing and is it really? Yeah, yeah. And I saw. Yeah, I saw his grave online and was like it was a very modest grave for someone that was named something so important. But that's really funny to be a good topic.

 

>> Taylor: Like Taco Bell's name that. Because the guy who invented his last name was Bell.

 

>> Farz: Yeah.

 

>> Taylor: Like nothing to do with Spanish architecture.

 

>> Farz: Yeah.

 

>> Taylor: So annoying.

 

>> Farz: Never would have thought.

 

>> Taylor: Wild. Wild. Yeah, that's what I got. If you have any ideas, if you live somewhere remote and cold. I live somewhere remote and hot. But it's not that remote. Send us an email. Doomed tofell pod gmail.com and we are on SocialPod.

 

>> Farz: If you want to create our crypto the doom to fill crypto we would not be opposed.

 

>> Taylor: If you want to buy far as a calendar let me know so that he understands how long weeks are all sort of things. I'm sorry, that was just so funny.

 

>> Farz: Well, I think that's all I got. Yeah. Gmail.com Rachel's on the socials doing the full pod. Thank you to you listeners and thank you to Taylor.

 

>> Taylor: Thank you.

 

>> Farz: Cut it off.