Relentless
01:33:58 · Brian Armstrong
[01:33:58] S0: Yeah. And then the federal agents were corrupt that were investigating him. I mean, it just... It got weirder and weirder. And so, anyway, it was another one of those early days of crypto that... What I've noticed is that anytime there's a new technology trend, you know, it attracts, like, kind of outlier people at the beginning. It can be, like, really entrepreneurial people who are ready to go commercialize it. It can attract, like, sometimes bad actors or kind of crazy people. And this is true of lots of technology. I mean, technology is just a tool. Right? Fire can be used to, like, heat your home or burn down a home. Right? And what I often see is that people, like, in society are just fearful of new technologies. But I think that technology is, like, unapologetically net positive as is capitalism and all these things. So I think that we have to lean in on technology and actually try to use it for good. It's arguably the thing that has helped humanity the most, even going back to invention of the wheel and fire or like the shoes on our feet are technology, eyeglasses are technology, and they become more commonplace in society over time. But our lives are immeasurably richer today than they were hundreds of years ago where people were... Died of disease and they were cold and they were hungry. And, like, a lot of these problems have gotten better in the world. It's all due to technology. So I actually think if you want to improve the world, you should lean in and try to create companies with technology. Like, that is... I... You know, you can run for office or something like that, but I think the highest ROI way to improve the world today is to start technology companies.
01:35:37 · Ty Morse, Brian Armstrong
[01:35:37] S1: It's ironic. I've thought a lot about capitalism, and I think I'm the most capitalist person I know. And counterintuitively, I've created effectively a nonprofit where we basically create as much goodwill as possible and then give it away for free and try to make things as legendary as possible, just maximizing for basically love and people... Like brand over time. [01:35:57] S0: You don't sell ads. Right? [01:35:58] S1: I mean There's no ads. There's no sponsorship. [01:36:00] S0: Podcast is operating at a loss. I mean, you're investing a lot in it. Like, do you want it to be positive from a revenue... From a profit point of view, or do you think it's actually... You're at... I don't know. Are you post economic? You're just ready to give back to the world to create more companies? Or, like, what's what's the... What do you wanna do?
01:36:16 · Ty Morse
[01:36:16] S1: It's it's funny because it's all about the timeline. Right? Like, how... What what timeline are you operating on? And most people will say... Most people, if they've read lots books and studied lots of great founders, they'll say like, I'm a long term thinker. I'm longer term oriented. And I've actually never explained this on camera ever. But if you actually think about what that means to be actually long term oriented, you can create... Each one of my interviews, I think, is worth about $100,000,000 to me. And it's $100,000,000 that I can't capture today, but it's something I can capture eventually. And it may be $100,000,000 that's created in the world. People go start more companies or they work on more important missions or these things. And it's the first domino, and that just butterfly effects out. But if I am just basically able to make the best thing possible, then continue doing that, continuing leveling up over time, you'll just create this network effect of, well, just goodwill and serendipity. Yeah. And the vast majority of people will... Like almost everyone that comes comes in contact with Relentless will get some value from it if they like it. And then I will never ask for anything in return. And then there'll be a few people where they just like, love it so much that there's... They're just compelled to, like, help it and want it to continue. And Yeah. If you... My my thing is effectively like that tsunami metaphor is you just wanna create as much momentum as possible. And if you have enough, it's this flywheel that won't stop. So this is a, you know, way to achieve that.
01:37:37 · Brian Armstrong, Ty Morse
[01:37:37] S0: Yeah. I mean, you literally might help create thousands of companies. And then I think you're right. It's important to just, like, give value and not... Like, you don't have to, like, necessarily require it immediately, some compensation. But some of those companies are gonna come back and they're gonna want you to invest. They're gonna want you to help get their message. Something is gonna go... Good is gonna come out of it. [01:37:57] S1: Yes. And that's the that's the funny thing about ads is I think of them as, basically, you're harvesting the goodwill that you created. And so if you really wanna maximize for goodwill, you just say no. And you just say like, has there ever been a single scenario where I was watching a video and I liked the ad in the video? Like, it added to the content, and I haven't come across a single one except for Between Two Ferns. If you've ever watched Zach Galifianakis [01:38:17] S0: What was the ad though? I don't remember [01:38:19] S1: the ad. He was interviewing Hillary Clinton. And then it's kind of like a bit, and it's like a five minute video. And mid interview, he says, and just a quick ad break, and it was [01:38:29] S0: a Donald Trump ad. [01:38:32] S1: And that was hilarious. That added to the comedy was very funny. On a slightly more serious note, you seem to me to be a very disciplined person. Like, what is your biggest advice? What is the thing that you can't stop doing even though you know it's bad for you?
01:38:45 · Brian Armstrong
[01:38:45] S0: I think you're right. I actually have become quite disciplined as a way to make work sustainable over time. So when I'm in work mode, I I can be a little bit rigorous about these things. So, you know, I I I really... I wear, like, the same thing every day when I'm in work mode. I try to get up at the same time, do the same exercise. I I vary the exercises, but do do exercise and then get after it. And, like... So even what what I'm eating, you know, you can get very efficiency opt... Like, focused and optimized, which which I like in terms of... Especially once you have a little bit of money, can, you know, you can have a driver. You can have every meal made for you, like, making sure your macronutrients are dialed in. Like, you can really go pretty far with this. And I think that's good. And I also think there's times, on the weekend or if I'm taking time off with, you know, my family or whatever, I'm just, like, try to not be so rigorous all the time. So, you know, wear something crazy or fun or whatever. So I I definitely try to balance that a little bit, but I'd say overall, I'm pretty disciplined. You're asking what my advice is. I mean mean, I do think actually, like, is a form of addiction. Right? I would say, like, probably have a healthy degree of workaholism. Okay. So early on, I thought of what it is. Actually, I think, like, early on, I found that my brain was just, like, very drawn to certain, like, video games and, you know, like Starcraft two or Polytopia or some of these things where you're, like, collecting resources and building things and harvesting and moving to the next thing and, like... Or Managing
01:40:18 · Ty Morse
[01:40:18] S1: an economy and managing the growth of the civilization sort of thing?