Digital Asset News hosts discuss crypto market sentiment, AI developments, and investment strategy
Rob and Jerry from Digital Asset News analyze current crypto market conditions, the AI sector, and broader investment themes.
Summary
Rob and Jerry from Digital Asset News discuss the disconnect between crypto market sentiment and underlying buying activity, noting that while whales and institutional players like Michael Saylor continue to accumulate Bitcoin, retail sentiment has turned sharply negative and altcoin liquidity is draining. Jerry argues that the list of viable altcoins is narrowing toward genuine utility, mirroring the consolidation seen in the dot-com era. The conversation shifts to a significant AI security incident involving Anthropic's model called Mythos (with its public-facing version called Fable), where the NSA director reportedly told Senator Mark Warner that the model broke into almost all of its classified systems within hours — a claim that directly contradicts Anthropic CEO Dario Amodei's public dismissal of the incident. Rob and Jerry also examine the AI sector's valuation, noting that leading AI companies are spending roughly $1.22 for every dollar of revenue, and that SanDisk recently hit the most overbought RSI reading of any stock in recorded history. The hosts also discuss robotics and automation at length, drawing on personal experience in industries like construction and logistics to argue that while robots are rapidly improving at repetitive tasks, the transition mirrors historical technology shifts like the internet — displacing some jobs while creating others. Jerry highlights distributed edge computing as a potentially more durable infrastructure play than large-scale data centers, pointing to companies building small home-based compute units that allow individuals in low-electricity-cost jurisdictions to undercut large data center providers on compute costs.
Key Takeaways
FULL TRANSCRIPT
Opening: Crypto market overview and current conditions
Rob: The math ain't mathing — that's really what it comes down to today. The crypto markets are all over the place. We've got a nice little AI bubble upon us. We've got macroeconomic uncertainty. We've got Iran-US tensions gaining some resolution, it seems, every couple of days. And then of course we've got everything in between. So today I'm going to try to break that down, and Jerry and I are going to try to give you some semblance of coherency. Jerry, thanks for coming on. How are you doing today?
Jerry: I'm doing well. Thank you, Rob. Hi everyone. It's Father's Day in Costa Rica.
Rob: That's right. Happy Father's Day to all the fathers out there — a big day where you can get a gift you didn't want and put up that nice little smile and say, "Thanks." Anyhow, everybody, I love you all. That's essentially Father's Day. Congratulations, we made it.
So let's get into it. Today, Michael Saylor is buying, which is not really surprising, although there are a lot of different things going on with Strategy and the stretch that comes with that. I don't want to get into the turmoil, but Saylor is buying. We've also got this, from Coin Bureau: big whales are defending the 60K Bitcoin level. Bitcoin keeps defending 60K as order sizes rise while trade count falls. I think this is just a classical repeat of the bear market, where we see sentiment going into the toilet, yet certain individuals are defending, certain individuals are buying — Jerry and me as well, and probably the people listening to this show right now. But then you've got a lot of people selling off.
Before we get into that, Jerry, what's your read on this? Saylor buying — that's what he does. Whales defending — that's what they do. But the sentiment and the things happening behind the scenes make it a loaded question. What are your thoughts?
Jerry: I think there's a certain amount of discretionary investment capital floating around in the world, and for the most part, a lot of the trend chasers have exited the Bitcoin trade and rotated into the AI energy trade.
Rob: True.
Jerry: And rightfully so. These are immensely powerful, emerging, innovative sectors that are going to see massive growth and disruption. Where it really lies, nobody knows, but we know it's ripe for a lot of innovation. That being said, you also have the risk-on, risk-off crowd realizing that as Japan raises rates and the European Union lowers rates — which creates another set of dynamics — our brand new Fed chair is basically saying, "We're not going to do anything right now. We're adjusting some metrics behind the scenes, but we have no real intention of lowering our overnight window rate." Fine. And then you've got all the geopolitical stuff: Iran, our elements with China, the conflict in Ukraine. All of these things are starting — I don't want to say to get predictable — but they're bringing more certainty today than they did yesterday.
All that said, the market is shaking up. You're seeing altcoins continue to stay depressed, and I think it's because the speculation has left the market. Bitcoin will rebound as people continue to believe it is a store of value and a solid economic basis of value. It'll be led by guys like Saylor and BlackRock with their ETFs. And as regulation changes and allows more of the advisory contingent around the United States — these wealth managers — to provide these products to their clients, we'll see new doors open for inflows into a very small, select group of digital assets. I think that's what we're seeing happening right now, and I think the market is reflecting that.
Rob: That's a good point. The things going on in the background — and like you said, people talk about a rotation coming, going from AI right to Bitcoin. I don't believe that to be 100% true. I think people might actually get a little scared, take some off the table, and just sit on cash. There is nothing better than sitting on a bunch of cash and watching the market collapse. And then you can tell the ones that are out there — there's a comment from someone saying, "Last time I bought like this, Voyager declared bankruptcy." Back in 2022 I was a little more worried because that was a different time frame for me and what I expected to actually happen.
Real-world asset inflows and altcoin consolidation
Rob: But if we take a look at what you just talked about, Jerry — the different altcoins — I saw an interesting stat, also from Coin Bureau. We've been talking about real-world assets and the tokenization of different prospects: US debt, companies, institutions, real estate, and of course the latest and greatest — equities — which we saw with SpaceX and the tokenization play there. Here's where the money flowed, and I did not have this on my radar. XRP: $1.9 billion, which is a drop in the bucket, let's be honest, but that's pretty good for real-world asset inflows. Then comes Ethereum, Stellar, BNB Chain, Solana, Avalanche, and so on. There's also a big one in there called Canton. So maybe there is this theory that things are going to flow into it, and we're trying to find these winners. But right now I'm not sure just how big it could be and which ones are actually going to reveal themselves altogether. Jerry, thoughts on this before we go into the moving averages and my strategy?
Jerry: It's wonderful to see inflows into alts. I think that's a very encouraging thing. Again, I think the list of alts that inflows will occur on is going to get smaller and smaller.
Rob: True.
Jerry: It's not going to get wider and wider. The days of expansion are over and we're now down to collapsing to real utility, to real adoption. In other words, what is useful to whom, and are they adopting it? I think we probably get down to 10 or 12 really solid chains that are going to be the infrastructure for smart contract utilization — whether it be real-world assets, whether it be a legal document that you and I sign for the next company we form, or compute and AI.
Rob: That's a good plan. And talking about altcoins and moving forward — what you just talked about is the consolidation. This happened in the dot-com era. This happened in the SaaS situation where everything started to condense.
Jerry: Yep.
Rob: And we're going to see it again. I think it's a good thing. All these different developers scattered across all the different chains — they're losing those developers to AI plays. And when they're gone, they're gone. So we need to cut the fat, eliminate all these worthless altcoins, and get into some real building.
Bitcoin moving averages and accumulation strategy
Rob: Now, as far as what's going on in the markets and moving averages — this is what a lot of people are looking at right now. I'm using Ben's website, pulling some data. We can see that in 2022, looking at the 200-week EMA, it did cross substantially below this line. But does that mean you have to wait for the 250-week EMA or the 300-week EMA like some people are doing, waiting for the absolute bottom? I don't think that's a good play for me. Maybe for you. But I look at this and say, where are we today? We're just above that 200-week EMA. If we go to the 250-week, that's $57,000 Bitcoin. If we go to the 300-week, that's $54,000. If we pull in the 350-week, which rarely gets tapped, you're looking at $47,000. I don't think it's going to go down that low, but it could. I think anything in the $50K range is a pretty good time to accumulate. If you're sitting on cash, this is a great time. Jerry, thoughts on this before we get into the really bad news?
Jerry: So we have a comment from someone basically asking: keep buying? The truth of the matter is, anything in the investment vehicle that you have conviction around — that is the answer. And the reason it's the answer is because the unit of measure that all of these things are denominated in — the US dollar — is absolutely 100% predictable to lose value year over year. It's a guarantee. So the answer is always keep buying an appreciating asset with a deflationary, depreciating currency. That's always the answer. It's the answer to every investment question ever asked.
Rob: And it really comes down to this. Things are going to keep getting more expensive, and the reason is because the US government and all governments continue to print money. That's why they debase the currency. This is the M2 money supply, which we've talked about numerous times. We're not going to stop doing this. So get on that hype train as fast as you can and just realize that the dollars keep getting printed and you keep getting poorer. Not you guys — you guys know what time it is.
Bear market signals: whale selling and liquidity outflows
Rob: Now let's talk about some of the negatives. Also from Coin Bureau: a Bitcoin whale just dumped 800 Bitcoin at a $35 million loss. If we're not in the peak bear market, this sure feels like it. This is when people start to capitulate. They're like, "To hell with it, this is never going to go up, this is dead." That's pretty much how it goes. The same thing happened in 2022 and 2018. Mark my words, we will recover. I feel sorry for that Bitcoin whale, but hey, maybe they had a couple of jets to buy.
On top of that, as far as altcoins go, Hyperliquid — which has been a pretty good performer — the Hyperliquid futures just saw a liquidity outflow spike with traders pulling $17.6 million in four hours. That isn't a lot, but rallies need fresh liquidity, and if you're pulling money, that is not what's happening. So we've got some people selling, some select few whales buying, but the majority of the sentiment out there is pretty negative. Jerry, thoughts on this before we get into some AI talk?
Jerry: Although I'm not a trader, I know a little bit about that industry. Anytime a futures market starts reacting with anything beyond the mean — anytime it is over or under the average — it will affect the spot market within a certain period of time. Always does, always has, always will. The signal that the Hyperliquid graph was showing us was that future interest in that project is on decline. Now all of a sudden, how many people are going to rotate out of that based on: if there's no future interest, why am I here? What am I doing? If they don't have something substantial to counteract that signal — like Hyperliquid coming out with a major contract announcement — then this is the signal they'll react upon. It always gets me when we start seeing futures markets showing beyond-norm, above or below mean interest. It will have an effect.
Rob: Generally always does.
Jerry: Generally always does.
Rob: So we'll see where it comes in. This will be an interesting week coming up. A lot of different things happening — probably another peace treaty, maybe two or three of those. Not that I have inside information, just saying it's what's happening. And that is what is going on with the market as far as the math-ain't-mathing thing.
The Anthropic Claude security incident and AI uncertainty
Rob: Now moving into the biggest market topic everybody's talking about — AI. This one really confuses me as far as the math ain't mathing, especially as we get into IPOs of Anthropic and OpenAI. This has me befuddled.
What happened recently with Anthropic and them pulling their latest LLM — here are two conflicting stories. David Sacks, who is on the All-In podcast and was also the AI and crypto czar in the Donald J. Trump administration, was one of the first people to get a full readout from the White House after the Fable ban. If you don't know what this is: Anthropic and Claude rolled out Fable, which was a watered-down version of Mythos that everybody could use. I used it. It was fantastic — very fast, worked out great. After a couple of hours or so, they had to pull it. There is a story as to why they pulled it, and then there's a real story behind it.
Sacks went on the All-In podcast and told the story from the inside — he still has those connections at the White House. Dario, who is the CEO of Anthropic, went to Washington in April and told national security officials he had built a cyber weapon. Anthropic quietly expanded the Mythos preview to over 50 companies without telling the White House. One of those was a national security concern. Then Fable launched — Mythos with guardrails. Anthropic's largest partner started testing these guardrails and found a jailbreak. I believe this was Amazon. This escalated. The White House administration called Dario, CEO of Anthropic, directly. A cabinet secretary picked up the phone personally. Dario argued that the jailbreak was not serious and pretty much scoffed it off. He then went on major news organizations and said, "I don't know why they pulled it. It's not a big deal. I don't see the problem." Then he published a blog post trying to distinguish minor jailbreaks from major ones.
That's one side, and it makes sense to me. I'm like, this is just the government overreacting. But here's the flip side of the story. The National Security Agency director says that Mythos broke into almost all of its classified systems in hours. Senator Mark Warner, vice chair of the Senate Intelligence Committee, said General Joshua Rudd, who runs the National Security Agency and the Pentagon Cyber Command, told him that directly. This didn't happen over weeks or months. This happened over hours. A large number of files considered classified were broken into by Mythos, and they had to shut it down and call Dario. So Jerry — the math isn't mathing on this story. Help us make sense of it.
Jerry: The analogy I come to with this — and it's just observational — is that my whole life I've watched extremely intelligent, educated people talk about areas they're extremely experienced in, and there's always a confidence and almost matter-of-fact tone in their delivery. This is the first time in my life where I'm watching experts in the field of a thing they're talking about saying a lot of "we're not totally sure" and "we don't know." And what that tells me is that we've gotten to a stage with this technology where certainty of outcomes is no longer assured. We don't know the outcomes of these things.
It gets pretty serious when technologies are in place that can get classified files, get into your bank account, send money from here to there, send information from here to there. There is cause for alarm. I'm not an alarmist, I'm not an "the world is on fire" kind of guy, but I can definitely see in the world of sensitive information where people's sphincters are pretty snug right now, because we can't with 100% certainty tell you the outcome of things. People should be a little uneasy. Everything isn't rosy. Things could get funny if they are not handled properly. We're in this tenuous period where companies are trying to expand and do their best, but they're using a technology they may not be able to control or curtail — as evidenced by the fact that they thought they put in guardrails and the technology itself brought down the guardrails. No outside influence needed. Keep your eye on this. Don't go to sleep on this. In this world, it is ever-changing at the fastest rate of change we've ever seen any technology change.
Rob: And if you're trying to keep up with AI, it's very difficult. Things I'm doing with AI are very beneficial, but just this week I learned something new about loop prompting — where you have a goal, you test that goal, and then you repeat until you hit the goal, just keep going in this loop. If you do it the wrong way, you burn through all your credits and get a massive bill. Do it the right way, and you can just be productive into the stratosphere.
Tesla, SpaceX, and AI infrastructure investment
Rob: But talking about these investments — that's what we're talking about today. To piggyback on what Jerry just talked about, people don't know, but there are some clues out there about where things are going and winners are being picked.
We took a look at SpaceX — and of course it's not just SpaceX, it's also xAI and Starlink, which are under that umbrella. Now, Tesla just revealed a trademark application: a massive AI infrastructure play. They're signaling plans to turn their Supercharger network into a massive distributed AI computing platform — modular data center hardware systems for AI computing, comprised of computer servers and computer hardware for AI. This was filed with the USPTO. There have also been rumblings about SpaceX and Tesla starting to merge and come under one big giant umbrella, so if you bought either of those things, it might be looking pretty good.
And lastly, I was taking a look at Ivan Tech's Bull Mania — Tesla, even though it's been down 5% on the weekly, actually turned bullish. So maybe that is a certain play. But again, when I talk about the math ain't mathing, all this could collapse. Jerry, what are your thoughts on all these things we just talked about?
Jerry: I'll just tell you where I'm at personally. I'm very bullish on the innovative structure of Tesla and SpaceX — huge. Understanding what they're trying to accomplish and then putting a measuring stick of "will they be able to accomplish it" next to it is the way to go. I'm continuing to increase my allocation towards Tesla, basically built on the fact that I think between autonomous driving and robotic efficiencies in industries, it's going to be massive. And I believe at some point there will be a merging of the SpaceX ticker symbol and the Tesla ticker symbol, creating one relatively unified company offering a whole suite of what they offer.
I think you can't go wrong in that. I think it's inevitable. All the other stuff is kind of noise. Of the S&P 500, I think literally 490 of those companies are dying.
Rob: Yeah.
Jerry: So I'm not looking at the market as a whole. I'm basically looking at a subset of the market that I think will become the market. All the other stuff will just kind of rotate out, die out, get bought out, or what have you.
Rob: And to finish this up and put a cherry on top of what Jerry just talked about — it's all about investing in the things that you know and have actually taken a hard look at. There's a reason why we all feel comfortable with Bitcoin. There's a reason why we all feel comfortable with our specific altcoins — because of the research we put into it.
There's a quote from a viewer: "People are easily swayed back and forth by the daily news. If they just chill and have a longer time horizon, they wouldn't be so stressed." I think that's the same thing. This is where I've made all my money — in the bear markets that are happening right now. I think there's a bear market coming for AI. If you're okay with accumulating during the massive bear market as things start to go down, you'll be just fine.
And here's the last thing I'll say before we move to Q&A: how much has actually been gained? This is from the Kobishi Letter. The S&P 500 added over $5 trillion in market cap just this year alone. Meanwhile, AI stocks have added $6 trillion in value, followed by $200 billion added by the energy sector. At the same time, other sectors erased $1 trillion. So of course it's all going into, as Jerry talked about, one big huge chunk that is AI. Is it overbought? Is it a bubble? I'm not so sure. But from Bar Chart, SanDisk — which is storage, data processing — hits a 99.22 on the monthly RSI, the most overbought level for any stock in history. I'll leave that up to you to decide what you want to do with it.
Q&A: Real-world assets, tokenization, and mass adoption
Rob: All right, let's get to the Q&A. First one: "The term real-world assets is completely a joke. What do you guys think?"
Well, I mean — okay, here's an example. Real estate investment trusts. You want to get into real estate, but you don't want to buy a whole skyscraper yourself or a whole chain of mini-marts. So you go into a REIT and it works out pretty well. However, if you want to get into something massively across the globe, I think real estate tokenization works out pretty well. The problem they haven't really solved to an acceptable level is how they're able to legally enforce different things. I've sat through different presentations on how they want to do that, but it doesn't make 100% sense to me yet.
I can get behind the whole stock thing, because if you can open up IPOs, tokenize those stocks, and give those to anybody who has access to a smartphone — which is roughly 90-plus percent of the planet — then you can bring everybody up into a better standard as far as what they want to invest into. So I don't see it as a complete joke. What I wonder is what's going to be the winner. Jerry, your thoughts?
Jerry: As far as a winner, I don't know. From a crypto perspective, I think we've started to see traction and adoption of chains like Tron, Solana, and Ethereum as it pertains to the stablecoin environment. And obviously some of the layer twos on top of Ethereum for that use case. If reason and logic continue on that trend, then it would make sense that these very same smart contracts that are creating stablecoins would be rails for tokenization of your Tesla stock, your SpaceX stock, your gold in the Virginia Mint or Deutsch Bank in Germany. In other words, title to real-world assets — whether they be a chunk of gold, a stock, or a piece of real estate.
I think we're seeing who the winners in those spaces are becoming. Now, it's possible that somebody else jumps into the mix — like Canton, for instance, who are working with the DTCC, which is the world's largest — I don't want to call it a custodian, but they're kind of the custodian for all the stocks in the US stock market, whether it be the American Stock Exchange, New York Stock Exchange, or NASDAQ. The DTCC is that underlying guarantee. They're underwriting that whole element, and they're using a blockchain project called Canton. Could that be something that spins off and gets utilized by real estate developers and gold merchants? I don't know.
Rob: It makes sense. And then the things that you'd think would make sense — here's another one. Telegram and the Telegram Foundation have a billion-plus monthly users. They're not as big as YouTube at 2.1 billion or Facebook at 1.8 billion monthly users, but they're pretty damn big. And you would think that the TON token would have just set ablaze and been used like crazy. I think it's still in the top 50. But for some reason it just doesn't have that mass adoption. Of course, somebody in the comment section is like, "Rob, TON is going to be the next greatest thing of all time." Great. If that's the truth for you, that's the truth for you. But some things that you'd think would make sense just don't. Let the market decide.
And then Bat Sonic had a good point: "I tend to not believe in an AI bubble. It needs the energy infrastructure, but from a supply and demand point of view, it has more demand than supply. It comes down to whether capex justifies its use." And it's the picks-and-shovels play that we keep talking about. That SanDisk we just looked at — they're going to need storage, and a lot of it. So maybe that's the reason why it's so overbought. Jerry, any thoughts on that, and have you invested in any AI infrastructure, energy, or storage?
Jerry: I haven't, per se, directly — other than a few crypto projects that are AI-related: Bittensor, AOS, ASI — that type of thing. I have some of those tokens. They're all proof-of-stake protocols, all compounding within the staking protocol. Basically set and forget.
As far as the real world of the NYSE or NASDAQ, I haven't. And the reason being is because I believe it was very much a dot-com type of thing. There was a race, there was a tremendous inflow of capital into that segment. The truth of the matter is the capex five years from now will be far lower than today, because of the efficiencies in chip design and chip manufacturing, and the efficiencies in the use of a watt of energy versus what it's going to be in five years.
So I think that whole space is overvalued from an infrastructure standpoint. The cost of production to produce that incredible Claude that you and I are using, or the ChatGPT that somebody else is using, is not in line with the subscription rates. In other words, it's a loss leader. It's losing money. Whose money is it losing? It's not losing my money or your money — the subscriber's. It's losing the investor dollar. And until they change that, it's not a good investment.
Rob: And I don't know if you've noticed this — if you use Claude and you've taken my advice and used Claude Code, have you noticed lately that your usage has actually sped up? So there is a big issue here. We talked about this: for every dollar that Anthropic and OpenAI take in, they are essentially spending $1.22. They are a loss-leading loser. And they're trying to convince Wall Street that it's not a big deal. But then you take a look at the big deals they're doing — they're like, "Okay, we're going to take this money, invest into Microsoft, then Microsoft's going to take that money from Azure and put it right back in for their infrastructure plays." And it's like this big roundabout and they're like, "See, it's revenue all the way."
It's like buying a house for a million dollars and saying, "I'm a millionaire." Yeah, on paper. But then the valuation came in and it was worth $700,000. So now you're actually in the hole $300K. It's this same thing going around and around. I'm not too jazzed up about these IPOs. I don't know where they're going to go.
Jerry: I think there are a couple of really interesting plays coming forth, and that is all in the edge space. For instance, Amazon and a company called Shade — there are a few others. What they're basically doing is building units that look like air conditioning units. You attach them inside your house and you provide the energy for a very small data center. This becomes advantageous in jurisdictions where the cost of electricity is lower than the mean. So if the average rate of a kilowatt hour in the United States is 12 cents, and you're in a jurisdiction where your average rate is 8 cents, now all of a sudden you can produce compute below what somebody in that 12-cent or 18-cent jurisdiction can produce. You can provide a commodity into the marketplace at a rate lower than production for those other entities, without the big footprint of a 10-gigawatt displacement for a data center.
There are companies doing that. I think this whole distributed edge computing thing is the future. The one constant in compute is electricity. Everything else can be bought once and used — it depreciates over time, but once a chip is manufactured and implemented, what you need is a constant flow of electricity. If you are diminishing or eliminating that cost of continuous input — shrinking your input cost — you can create much higher profitability relative to anybody that does have an input cost.
Rob: Which would be huge.
Jerry: Monstrous.
Robotics, automation, and the future of labor
Rob: How about this one? A viewer says: "I don't see any coin or token that takes over for mass adoption. It's tech, and until the masses are tech-savvy enough to use these things like we do with debit cards, it's a dead end." I don't know if that's the case. I think we have to make it so they don't have to use it and actually know what's going on. It's the same thing with the internet. Remember when the internet first came out? I do. Jerry does. Remember that AOL disc you got?
Jerry: I do very much so. I remember listening to the dial-up modem.
Rob: Right. And that was like the easy play. But before that, you had to go through a CLI — command line interface — and type in the right things to actually connect to your server and get on the internet. It was a pain, and no one used it. But when they made it easy like AOL, brain-dead simple, then everybody started to use it. And I think that's the bigger play — the ones that just say, "Don't look behind the curtain. We're taking care of it. Just get it done." That's what I see.
Someone says: "I think China found that a bunch of cheap chips are just as good as fewer expensive newer ones." Very true.
Bat Sonic says: "I remember I worked at UPS and they spent $21 million to have an automated sorting robot, and of course it made mistakes and broke down, while workers making minimum wage did the same job faster."
Jerry: Those days are quickly disappearing though. If you've been keeping up with what they're doing in robotics, it is getting awfully good. They're getting awfully good at those types of repetitive functions. It's scary.
Rob: Yeah. And it only took about 30 years. I actually worked at UPS too — I was a mail sorter, just trying to get through college. And I remember this stuff. Then just this week I saw a live stream for like two days straight of some robot sorting packages, and then some kid came in and worked for 10 hours straight — but of course he had to take breaks. The robot, I don't think it made any mistakes, maybe a couple, and it worked out pretty well.
Jerry, we talked about this because you were a foreman in the construction industry overseeing a bunch of people. You were talking about how once Optimus or any kind of robotics comes through, it's going to be game over for a lot of construction companies — the ones that can actually use this. And Wes from Smart Money Tracking said the same thing. So what are you looking for here?
Jerry: So if I was still in contracting, managing a crew of 20 guys, if it were supplemented with five robots, the robots would be doing all of the "move that heavy object from there to there," "hold this heavy object in this exact spot for 45 seconds while we brace, tack," and so on. I mean, geez, I could see where that would create all kinds of efficiencies for me as the contractor, allowing me to do the work of the building and not so much the material handling. Because a ton of that industry is material handling. All you're doing all day long is handling material — moving it from here to there. Take that pile of sheets of wood and move them over there. This many 2x4s over there. This many 6x6s over there. Block. It's constant all day long. All you're doing is moving materials.
Rob: Robots doing that helps tremendously.
Jerry: Exactly.
Rob: Someone says: "Computers didn't take jobs." How old are you? I'll say it like this — computers did take jobs. We know that. But here's the example I would use. If you're a typewriter repairman, you have a business repairing typewriters. That's great until we don't use typewriters anymore. But that person has skills — he knows how to do repairs. When computers came along, it's not like that person just gets eliminated forever. He says, "Okay, what else can I do? What else can I get cross-trained in?"
This is why I started my second channel — to talk about AI. I think people who understand AI and just the basics of not just making prompts, but how it all works and interacts, how you can make skills, how you can use text replacement, how you can have connections and make this thing hum without burning out and spending too much — I think that's the next big play. You guys have no idea how far back people are in other businesses.
And like the internet — they said the internet would take jobs, and it did, but then it created a bunch of them. Who the hell in the 1980s was posting an ad for someone to do SEO optimization and Facebook ads? That didn't exist. So now here we are doing all these different types of things.
Someone says: "Robots won't take half your money." That's true. And: "That's a laborer, not a carpenter or mechanic." Also true. And now we're going into the theorization of what's going to happen with robots — we'll leave it there.