Latest / Simply Bitcoin / Jack Mallers: US Needs to Adopt Bitcoin or Perish | EP 727

Transcript

Jack Mallers: US Needs to Adopt Bitcoin or Perish | EP 727 · Simply Bitcoin

• 0:12
  Yeah, welcome to Simply Bitcoin live.
• 0:14
  We are your number one source for the peaceful Bitcoin
• 0:16
  Revolution liqueur, breaking news called traumatic Warfare.
• 0:18
  We will be your guide through the separation of money and
• 0:21
  state yesterday. Really.
• 0:25
  I think it was a really interesting day because
• 0:27
  basically what happened was the Bitcoin policy Institute.
• 0:30
  Shout out, David's L doing a great job and basically they
• 0:37
  presented the Bitcoin policy Summit, it was a one-day event
• 0:41
  and it Add a lot of predominant politicians there from Cynthia
• 0:46
  lummis, Ted Cruz Tom emmer but you also had industry leaders
• 0:51
  like Bitcoin industry thought leaders been Bitcoin industry.
• 0:54
  Entrepreneurs you had Jack mahler's, you have Alex
• 0:56
  gladstein, you had Matthew Pines, you had Troy cross, and
• 1:00
  many, many more and basically what they were making the case
• 1:04
  for is they're making the case for Bitcoin.
• 1:06
  And they're making the case as to why Bitcoin is necessary.
• 1:09
  Why it's necessary for United States to have a friendly stance
• 1:14
  towards Bitcoin to allow Bitcoin adoption in the u.s.
• 1:18
  specifically to keep the us as a world leader or in the hopes of
• 1:23
  that. The reality is that many
• 1:25
  countries are now seeking alternatives to the US dollar to
• 1:29
  facilitate international trade and why they did, why are they
• 1:32
  doing that? They're doing that because the
• 1:34
  US abused their privilege. This, this crazy privilege of
• 1:39
  being the world Reserve currency that gives The US government,
• 1:42
  this unique ability of being able to create like, print money
• 1:46
  like crazy without, you know, undergoing hyperinflation, and
• 1:52
  they abused that privilege. They weaponize the money to go
• 1:56
  after political opponents, and then it's basic human
• 1:59
  incentives, right? What did those political
• 2:01
  opponents do when I say political opponents?
• 2:02
  I mean, Russia. I mean China, obviously, they
• 2:06
  seek an alternative. So, Jack mallers had a keynote.
• 2:10
  He had a presentation as to why? I use make the case as to why it
• 2:14
  is a strategic necessity for the u.s. to adopt something like
• 2:19
  Bitcoin. So that's, we're going to talk
• 2:21
  about during the news today. And during the numbers, I have
• 2:24
  something on the exact opposite end of the spectrum.
• 2:27
  Basically, this guy testifying in front of the New York State
• 2:32
  Assembly. Just all the crazy things that
• 2:36
  were coming out of his mouth. Basically, why we need bigger
• 2:38
  blocks as to if we don't have bigger blocks, it is Very
• 2:42
  Bitcoin is very inefficient and I can't believe.
• 2:46
  We are in 2023 and these people are still taking seriously.
• 2:52
  Just absolutely blows my mind. And the reason I want to play
• 2:55
  that video is because we all remember the law that the New
• 3:00
  York state passed basically being extremely hostile towards
• 3:03
  Bitcoin miners, basically making it illegal to mine Bitcoin, New
• 3:09
  York, they passed. When were touring images funny
• 3:13
  though because the governor waited until actually after the
• 3:16
  elections assigning the law. So she's very interesting stuff,
• 3:19
  but before we start the show, I want to bring up my legendary
• 3:22
  co-host. Always optimistic.
• 3:24
  How you doing, Opti I'm good? I don't know if you saw me but
• 3:27
  you're cracking me up. I haven't seen these videos but
• 3:30
  I'm excited today. Usually I kind of get a little
• 3:32
  glimpse of the videos before, but today I saw them circulating
• 3:36
  and I just you know I was I was caught up watching some TED
• 3:40
  talks for like Nothing to do with Bitcoin.
• 3:43
  Sometimes you gotta unplug a little bit.
• 3:44
  But man, I'm excited for today. It is Thursday, bro.
• 3:47
  We almost made it another week, so yeah.
• 3:50
  Almost almost almost almost across the Finish Line.
• 3:54
  Let's hope we don't blow up today.
• 3:58
  So let's bring up our guest. Steve, how you doing Steve?
• 4:01
  Welcome to the show. Hi, I'm doing great, thanks for
• 4:04
  having me on the show. Goes happy to have you.
• 4:06
  So Opti, why don't you tell everybody before we get into
• 4:09
  numbers? What we're going to talk about
• 4:11
  during the culture Yeah, so I got a, I got a few tweets over
• 4:14
  here from Steve's Twitter. And we were, I asked him a
• 4:17
  question before and it's kind of a theme that I've been jumping
• 4:20
  on for a long time on this channel and on Twitter spaces,
• 4:24
  it's the idea of trying to, you know, bring Bitcoin Back to
• 4:28
  Basics. So the everyday person can
• 4:29
  understand Bitcoin and I might eat him up with a totally what I
• 4:34
  thought irrelevant question and we got into it.
• 4:36
  So I'm going to just do the same thing and then we'll have the
• 4:38
  conversation live. I think people enjoy this one.
• 4:42
  Yeah, I'm actually I'm really looking forward to this episode.
• 4:45
  Anyways, everybody no more delay.
• 4:46
  Let's see. Let's jump straight into the
• 4:48
  numbers. Let's do this.
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  So does, is he going to have is going to make an announcement,
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  similar, 29, bouquet lie, I don't know.
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  It's interesting that he's at the top and of course, we have
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  recording. The Bitcoin price is 29,000, 70
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  SATs per dollar 3440. Block height 780 7232 reachable
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  Bitcoin node. 17 thousand ninety six blocks to having 52768
• 7:01
  having estimates April 22nd. 2024 Total light in network
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  capacity, 5,000 369 Bitcoin, capacity value, 156 million,
• 7:13
  u.s. dollars and the realized monetary inflation is 1.75
• 7:18
  percent. If you guys noticed from
• 7:19
  yesterday, it did go down. Percentage point.
• 7:22
  And if you compare that to Fiat currencies, it's Bitcoin
• 7:25
  continues, to take them to Absolute school and that number
• 7:28
  will continue to go down forever forever.
• 7:31
  Laura market capitalization of Bitcoin 562 billion dollars with
• 7:37
  Abby. Anyways, let's talk about New
• 7:39
  York, right? The state of New York
• 7:41
  specifically so we all remember this, right?
• 7:45
  So and it apparently they gathered enough political
• 7:49
  willpower in order to effectuate this Band.
• 7:51
  And what I'm talking about is that New York state passed a
• 7:54
  band that would partially ban Bitcoin, mining specifically,
• 7:58
  proof-of-work mining, right? And for anyone who doesn't know
• 8:02
  specific specifically an Upstate New York, there's a tremendous
• 8:06
  amount of hydro electricity, Hydro power and that power is
• 8:10
  isolated. It's very far away from the
• 8:12
  city. Therefore, you know, it was
• 8:15
  there was a lot of Demands. Sorry.
• 8:17
  There's a there's a lot of Supply.
• 8:18
  There's not that much demand. That means the prices of
• 8:20
  electricity. Are very, very cheap and if they
• 8:23
  were being used as is the case to the people that are basically
• 8:27
  anti Bitcoin mining the the price would be very high
• 8:32
  therefore, would be economic on economic over Bitcoin miners to
• 8:36
  use that power, right? So again, you know, it's an
• 8:40
  educational issue but as long as you have people testifying in
• 8:45
  government, making these crazy crazy.
• 8:48
  I'm going to play you a clip and this guy actually test Defied in
• 8:51
  front of the New York State Assembly and holy crap.
• 8:56
  Like he sure if you don't know about Bitcoin, this guy sounds
• 8:59
  like what? He's what he knows what he's
• 9:01
  talking about but if you know he gets so many things wrong.
• 9:04
  Anyways I'm gonna play you guys the clip and then we'll talk
• 9:07
  about it. It seems to me that he's a fan
• 9:09
  of bsv and Bitcoin cash. I'll let you guys be the judge.
• 9:12
  Let's check it out. How much BTC Bitcoin that most
• 9:16
  people are trading their as a cryptocurrency.
• 9:20
  How much energy it's utilizing. The reality is Bitcoin BTC which
• 9:25
  has a 1 MB block every 10 minutes which collects data
• 9:30
  right is limited to how much data can actually use.
• 9:34
  So it does not scale so it actually does 7 transactions per
• 9:38
  second. If we were all to do email to
• 9:41
  share email with a technology that does seven Actions per
• 9:44
  second. None of us would ever receive
• 9:47
  that. Email, the reality is Satoshi.
• 9:49
  Nakamoto said that Bitcoin could scale beyond the likes of visa
• 9:53
  from day one. Well, what hasn't happened is
• 9:57
  there was that one megabit limit that was put on the Block size
• 10:01
  early, in the network history to prevent spamming of the network
• 10:05
  and allow the infrastructure to grow.
• 10:07
  This has not been removed by BTC, which is the prominent
• 10:11
  Bitcoin of, you know, No tradable asset but there's a
• 10:16
  confusion about what Bitcoin was originally bit.
• 10:20
  Refers to data coin Finance, obviously today, A lot of people
• 10:24
  are just speaking about the coin aspect but Bitcoin is diffusion
• 10:29
  of data and finance where if you remove that one megabit limit
• 10:34
  and have an unbounded block size every 10 minutes.
• 10:37
  Now you're able to actually have from BTC, which is about 1200 kg
• 10:42
  of CO2 per transaction, which Is absolutely ridiculous but down
• 10:46
  to other competing protocols that use proof-of-work, scalable
• 10:50
  proof-of-work, like bsv that does less than 2 kg of CO2 per
• 10:55
  transaction, even today. And that's because the unbounded
• 10:58
  amount of transactions that can be included into a block
• 11:02
  meaning, if a plane was going from New York to Miami and you
• 11:06
  only had three hundred seeds, that's all you're going to fit
• 11:09
  in there. It's going to take the same
• 11:10
  amount of energy as you want. But if you're going to take that
• 11:12
  same plane and you could fit as many Many people as you want it
• 11:15
  in there, comfortably, right safely, try that, that same
• 11:18
  carbon footprint for each person starts to go down.
• 11:23
  Okay, okay, okay, okay, okay. So first of all, carbon
• 11:27
  footprint carbon footprint is, it's like, it's like the go-to.
• 11:30
  It's like the buzz word, right? 1200 kg CO2 per transaction.
• 11:34
  But if you increase the block size and if you use this
• 11:37
  currency called bsv, which the free market has determined, it
• 11:41
  does not want, right? You know, you decrease, you know
• 11:45
  the the climate impact. Well, you guys remember, Pierre
• 11:48
  Richard's video, you put a CO2 meter behind a Bitcoin Asic. 8
• 11:53
  and Bitcoin miners. Don't release CO2.
• 11:59
  So again, it's like, they're, it's a misrepresentation right?
• 12:04
  And this other aspect where he's like, Bitcoin doesn't scale,
• 12:08
  that's what the lightning networks for, right?
• 12:10
  And most importantly, and I really want to focus on this
• 12:13
  debate because I think a lot of people are getting into Bitcoin,
• 12:16
  don't quite understand. Which is this idea of bigger
• 12:19
  blocks, bigger blocks, bigger blocks, bigger box.
• 12:23
  If you had bigger blocks it wouldn't be as decentralized as
• 12:28
  it is today. If you look at aetherium,
• 12:30
  etherium is so resource intensive.
• 12:32
  There's only a handful of people that could run those nodes
• 12:36
  because it's so expensive. So what tends to happen is a lot
• 12:39
  of people actually run those nodes etherium nodes on server
• 12:43
  farms. And server Farms are prone to
• 12:46
  government capture, right? Because there's only a handful
• 12:49
  of companies. This is already.
• 12:51
  Happening. Since etherium migrated to proof
• 12:53
  of stake, the vast majority of ethereum validators are actively
• 12:57
  censoring for the office of foreign assets control.
• 13:00
  The reason that a theory, the Bitcoins blocks are the size.
• 13:03
  They are is it is so that the barrier to entry to run your own
• 13:08
  node is low enough so that the average common everyday person
• 13:13
  could run their own version of Bitcoin.
• 13:16
  Therefore, making it more decentralized, therefore, making
• 13:19
  it less Less prone to government capture if you want to separate
• 13:26
  money from state, decentralization is the most
• 13:30
  important. It's the most important feature.
• 13:33
  It's the most important thing that you need, right?
• 13:35
  So it all these shit coins do whether it's bsv, bigger blocks
• 13:39
  bigger blocks, what are the unintended consequences of
• 13:42
  bigger, blocks the unintended consequences of bigger blocks,
• 13:45
  meaning that it requires more resources, more Hardware, more
• 13:49
  hardcore, hardware and order to run.
• 13:51
  In that version of Bitcoin. Therefore the barrier to entry
• 13:54
  is higher. Therefore there's only a handful
• 13:57
  of people that can afford to do that right there for making it
• 14:00
  prone to government capture, right?
• 14:02
  So the block size is the way it is so that more people could run
• 14:07
  their own nodes. That's how that's how it's
• 14:09
  supposed to be. And then this idea of like, oh
• 14:12
  Bitcoin, can't scale Bitcoin, can't scales.
• 14:14
  Like holy crap, we've had this argument or this debate a
• 14:18
  million times. I don't know if you guys have
• 14:20
  used a lightning Network, It's freaking fast.
• 14:23
  It's instantaneous. It's literally lightning.
• 14:26
  It's like this, right? And lightning is perfect for
• 14:29
  small transactions, right? So if you're getting coffee at
• 14:32
  the coffee shop and you want to pay instantaneously lightning is
• 14:36
  for you. So the second layer is what is
• 14:39
  going to scale Bitcoin. But on the base layer, you need
• 14:43
  something strong, you need something decentralized, right?
• 14:47
  Because if it's not decentralized, it will
• 14:49
  inevitably be co-opted by government.
• 14:51
  If it's inevitably be co-opted, if it will become opted by
• 14:54
  government, then you can have the separation of money and
• 14:56
  state problem is that when these types of individuals go to state
• 15:01
  assemblies, are in that specific case, the New York State Senate,
• 15:05
  you can be sure that a lot of people in the New York State
• 15:09
  Senate, you know, bless their hearts right or their older
• 15:11
  people. They don't know what he's
• 15:13
  saying. They don't have the technical
• 15:15
  know-how to be like, oh, you're right to if you're hearing what
• 15:18
  he's what he's saying, it sounds.
• 15:20
  It sounds like common sense. It's like yeah, let's make the
• 15:22
  blocks bigger. Yeah, it's gonna reduce the
• 15:25
  carbon. Why not do this is so
• 15:27
  ridiculous. Look that guy is wrong.
• 15:30
  There's a lot more Nuance to the argument, we've broken down some
• 15:33
  of it but most importantly he's a bsv.
• 15:36
  She'll so he definitely has bsv bags that he's holding because
• 15:40
  that's the one he recommended specifically.
• 15:42
  So how much did Craig Wright? Paid this guy to go and there
• 15:47
  you go. Thanks Opti for pulling it down,
• 15:49
  even pull that up myself. Public policy director of be of
• 15:53
  bsv blockchain. Yeah it's interesting and if you
• 15:57
  actually but it's it but look how much they cover themselves
• 16:00
  up though, because if you look at the testimony, I'm not going
• 16:03
  to play but just look at the title, he Has How much BTC
• 16:08
  Bitcoin that most people are truly Global policy, director
• 16:11
  Bitcoin Association. It doesn't say, bsv Association,
• 16:16
  you know. So again, misrepresentations
• 16:18
  lie, Spin. And yeah, man, it's dude, it is
• 16:23
  a headache dealing with these people.
• 16:25
  It is really, really a headache with the dealing with these
• 16:27
  people, the lies, the spin just wrong, bro.
• 16:31
  You just wrong and he's not talking about the Nuance.
• 16:33
  He's not talking about the pros and cons, he's not But the
• 16:37
  unintended consequences of making the block size bigger and
• 16:40
  those are all debates and conversations, you need to have.
• 16:43
  There's a reason Satoshi made the block size, the way it is
• 16:48
  and there's a reason that the Bitcoin Community has fought so
• 16:51
  hard against that the centralization above all.
• 16:55
  Anyways Opti. What are your thoughts on this
• 16:57
  brother? Well, what year is this?
• 17:01
  Like we back in 2017? Like, I can't believe that
• 17:05
  people are still saying this stuff and just being completely
• 17:09
  blind to the developments on bitcoin.
• 17:12
  You know, we've had segment, we see that lightning is taking off
• 17:15
  like lightning simply works and the shit Corners are still out
• 17:18
  here saying that Bitcoin can't scale like we are seeing at
• 17:21
  scale on real time. It's just what's the mic is
• 17:26
  going to have to correct me because I know he's in the
• 17:28
  chair. I think it's brandolini is law.
• 17:30
  You know, the amount of effort it takes to correct.
• 17:34
  Bunch of bullshit is magnitudes more than it is to spread the
• 17:38
  truth. And here we are again, just
• 17:39
  continuously having to have these rehashing these
• 17:43
  conversations, you know, like it just completes its complete
• 17:47
  trash and and this guy trying to use Bitcoin as if cover, you
• 17:52
  know, part of the Bitcoin Association like no one speaks
• 17:55
  for Bitcoin. This is the beauty of Bitcoin
• 17:56
  Bitcoin Bitcoin work. And they can try to co-op the
• 18:02
  the real Bitcoin but they forged off like they've lost.
• 18:06
  I think the free market has chosen very clearly that Bitcoin
• 18:09
  bsv is not Bitcoin BTC. If I have to like make it clear.
• 18:14
  But someone someone wanted to kind of clear up the block size
• 18:18
  and why some some blocks are 4, MB will segue, it was an upgrade
• 18:23
  guys and it introduced block weight, which increases the One
• 18:28
  block from one megabyte 24 MB guys.
• 18:30
  So this is why you're seeing this happen.
• 18:32
  Like Bitcoin is scaling in real time and people can basically
• 18:37
  use old data overload narratives to try to talk smack on bitcoin.
• 18:43
  But Bitcoin is very clearly winning on the free market and
• 18:47
  nothing else. Competes to bitcoin whether it's
• 18:49
  on the hash rate, whether it's on the liquidity, whether it's
• 18:52
  on the nodes. Everything is a shit coin
• 18:54
  there's Bitcoin and there's should coins and I think this is
• 18:59
  kind of up to your point Nika that we always talk about here,
• 19:02
  the importance of having people at these hearings with clear
• 19:06
  information and and not just straight up shit, coin, chills,
• 19:10
  like, and I know it's not going to be me and you because we're
• 19:14
  just talking heads on YouTube. But man, I think it's never been
• 19:17
  clearer than what we are seeing. And it really blows my mind that
• 19:20
  we are still having these conversations what?
• 19:22
  Five six years after they've already been thoroughly
• 19:25
  destroyed. It's absolutely nuts.
• 19:28
  Men. Yeah, 100% anyways, before we
• 19:30
  move on, Steve, what's your take on all this, bro?
• 19:35
  Oh wait, hold on. I think I, well, can you hear me
• 19:40
  now? Yeah, yeah.
• 19:41
  Okay. So, you know, I've spent my
• 19:44
  entire career as a wildlife biologist in that environmental
• 19:48
  space, I guess you would say. And so coming from that whenever
• 19:52
  you hear environmental arguments watch out because, you know,
• 19:57
  there's there's obvious corruption in there and that's
• 20:02
  my first thought on any time we're talking about Energy
• 20:05
  usage, you know, within these systems and you know you know
• 20:08
  Nico I'm a little older and you guys and you know still I can I
• 20:13
  can understand what's going on here and so just you know, you
• 20:17
  just got to be leery of any of this and and always look at what
• 20:21
  is the motivations, you know, behind it.
• 20:24
  And that's really to take away from me on this and and good
• 20:27
  job. You do research and you know
• 20:29
  where this guy was coming from to.
• 20:32
  Yeah, exactly. She's got a lot of All you got
• 20:35
  to you know you got to do your own research, you got to take
• 20:37
  personal responsibility start, I stop Outsourcing the personal
• 20:41
  responsibility of the storage of your wealth and stop Outsourcing
• 20:45
  the personal responsibility of seeking information.
• 20:48
  You know, I think we are and where we are today because a lot
• 20:51
  of people have been Outsourcing that to the Legacy corporate
• 20:54
  Media or to Banks. And if a lot of people, if most
• 20:58
  is, the majority of people on this, in this on planet Earth
• 21:01
  took personal responsibility took the self custody of their
• 21:04
  wealth. Seek their own information
• 21:07
  without trusting just, you know, these sources I think we'd live
• 21:10
  in a more peaceful prosperous world but I think we're heading
• 21:14
  in that direction. I think that it's inevitable.
• 21:17
  I think that you can't stop this transition that we're all living
• 21:21
  through. A lot of people call it the
• 21:22
  fourth turning, some people in the sovereign individual.
• 21:24
  They taught the call it, basically the transition into
• 21:28
  the information age. I do believe we were in the
• 21:30
  we're in the very, very beginnings of that transition.
• 21:34
  And I think the people all that, you know, the people that are
• 21:37
  going to be hurt the most the people that are going to be left
• 21:39
  behind are the people that are going to still be trusting in
• 21:42
  these archaic institutions, that clearly have shown that.
• 21:46
  They don't have the best. They don't have your best
• 21:49
  interest at heart. Anyways, everybody, let's move
• 21:52
  on to the news. We have a lot to talk about.
• 21:54
  Let's check it out. The Daily News, The Daily News
• 22:01
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  of amazing speakers and talks but what are you going to do at
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  night? There's nothing worse than being
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  in a city. Full of bitcoiners wearing your
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  on their opt, he's on there as well.
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  Anyways I want to talk about what happened yesterday, the
• 23:39
  Bitcoin policy Summit over the next couple of days.
• 23:42
  We're going to play you clips from Ted Cruz.
• 23:44
  We're going to play. You crew tips from Cynthia.
• 23:46
  Lummis, the Bitcoin Senator. We're going to play you and then
• 23:49
  today we're going to play a clip from Jack mahler's and we're
• 23:52
  going to talk about today about the case, then case that I would
• 23:56
  make That the Ute that the US has to stop going the route of
• 24:01
  China, has stopped past the stop.
• 24:04
  Going the route of let's Implement a central bank,
• 24:08
  digital currency and it has to go back to its free market
• 24:13
  Roots. Let individuals decide what
• 24:16
  money they want to use. I think I would even make the
• 24:21
  case that it is of strategic importance, for the United
• 24:24
  States, in the US government, to be friendly to bitcoin
• 24:28
  businesses attract Bitcoin businesses.
• 24:32
  Rather than pushing them overseas to their political
• 24:36
  opponents. It would be a catastrophic
• 24:39
  mistake for the United States. Now spent specifically now that
• 24:44
  the u.s. is starting to lose its World, Reserve currency status
• 24:48
  and as Trees are vying to seek an alternative.
• 24:52
  We're going to go into literally as to how the IMF try to force
• 24:57
  Argentina, which is currently enduring 104 percent inflation.
• 25:02
  They tried to coerce Argentina's say, Hey will only give you a
• 25:05
  bailout if you D. Insidey, incentivize the
• 25:08
  adoption of Bitcoin that backfired, right?
• 25:11
  It also backfired in Nigeria, the Nigerian Government tried to
• 25:15
  instill Capital controls, they try to force people into Central
• 25:18
  Bank, digital Currencies and people chose not to, they chose
• 25:22
  to use an alternative and that alternative and in a lot of
• 25:25
  these cases is Bitcoin in the reason for that is simple
• 25:29
  Central Bank. Digital currencies do not solve
• 25:32
  the inflation problem. If there is an alternative that
• 25:37
  not only does it not decrease in purchasing power over time.
• 25:40
  It actually increases in purchasing power over time.
• 25:43
  What do you think? People are going to choose.
• 25:45
  So anyway so we're gonna play the kid Bitcoin policy Summit.
• 25:49
  It was also Presented by Swan. It was featured.
• 25:51
  The whole live stream is on the swan Bitcoin Channel.
• 25:53
  If you guys want to see the whole thing but here are some
• 25:56
  questions. Some very important points as
• 25:58
  to, you know, why Bitcoin could benefit the United States,
• 26:01
  right? So first off, it says, stories
• 26:03
  about Bitcoin are often - we hear concerns about how it harms
• 26:06
  the environment threatens National Security and hurts
• 26:08
  consumers, helping only criminals and speculators this
• 26:12
  conference aims to tell the stories about Bitcoin that often
• 26:15
  that so often go Untold. How Bitcoin is a human rights
• 26:18
  tool used in the struggle? For democracy and Global
• 26:20
  Freedom. How the u.s. can leverage
• 26:22
  Bitcoin is a strategic asset to achieve its geopolitical goals.
• 26:27
  How Bitcoin can serve as a unique stabilizer of energy
• 26:30
  grids and unlikely and unlikely player in our country's
• 26:34
  Renewable Energy. Future.
• 26:36
  It's time to separate fact from fiction and situate Bitcoin, and
• 26:40
  serious policy discussions, involving National Security
• 26:42
  energy, infrastructure, Global competitiveness, and financial
• 26:45
  inclusion. And I would like to emphasize
• 26:48
  that last Anshel inclusion. The current system, the current
• 26:52
  traditional Fiat system cares. What happened?
• 26:54
  What country you happen to be born in it cares.
• 26:57
  What? Your skin color is a cares.
• 26:58
  What your religion is, its exclusive.
• 27:01
  If you happen to be born in a country, you are not entitled to
• 27:05
  u.s. to use the US dollar. Bitcoin doesn't care where
• 27:08
  you're from. It doesn't care what your
• 27:09
  political ideology is, it doesn't care.
• 27:12
  You know, what your religion is, what your skin color is.
• 27:15
  It is, the more is the most Equitable and equal money the
• 27:18
  world has ever seen. Not to mention inclusive as
• 27:20
  well. So I'm going to play you a clip
• 27:24
  by Jack mallers and then we're going to talk about it.
• 27:26
  And Jack mahler's is making the case as to why the US needs
• 27:30
  Bitcoin as a matter of strategic competitiveness, let's check it
• 27:34
  out. Pierre.
• 27:36
  Your technology actually benefits.
• 27:38
  The American individual. And now, I think we need to
• 27:41
  very, very seriously. Talk about the Strategic
• 27:44
  opportunities for us, as a nation and the security risks.
• 27:47
  Quite frankly, if you're going to sit here and tell me that the
• 27:50
  internet is not core to our nation's security risks, I'm
• 27:53
  going to move. So, you may have heard That
• 28:00
  Bitcoin is not crypto. Hopefully my presentation made
• 28:05
  this a little bit more clear. Again, I think a really good
• 28:09
  framework for reference is that Bitcoin acts as public
• 28:12
  infrastructure, not to Corporation.
• 28:14
  So there is no development team that you're waiting on a
• 28:16
  feature, you know, there's no fundraising marketing team that
• 28:20
  would make the coin. Go higher it acts as a public
• 28:23
  utility, its digital infrastructure, so it is not
• 28:26
  crypto, it can help stabilize our energy grid, it can offset
• 28:29
  access Energy. It can incentivize energy use.
• 28:32
  That is very difficult. Otherwise it can help facilitate
• 28:36
  Industrial Development. Sorry, I'm losing track between
• 28:39
  the laptop in the screen. Okay, sorry, are we good?
• 28:48
  So it give me a thumbs up. Yep.
• 28:52
  It can provide. I think no one talks about this
• 28:54
  enough. A new source of national wealth
• 28:56
  for America. National wealth is categorized
• 29:00
  as produced Capital human capital reserve assets.
• 29:06
  Think about the source of wealth that the internet provided this
• 29:11
  country, the iPhone was created here.
• 29:14
  Facebook was created here, Twitter was created here.
• 29:16
  I think it's very important that people that own Bitcoin a lot of
• 29:21
  it and people that build on top of Bitcoin very well, pay taxes
• 29:26
  in, where's Cruz, Texas? And Dubai, I'm being very
• 29:30
  serious. And it strengthens Geo political
• 29:34
  influence. These are important points.
• 29:38
  So you may have heard a lot of this.
• 29:39
  Hopefully my presentation helps give you a reference on how to
• 29:43
  think about this more deeply. What I want to leave this room
• 29:45
  with is the payments aspect. What I think the US government
• 29:49
  needs to very very seriously. Consider is both how Bitcoins
• 29:52
  power can be harnessed and leveraged as a digital public
• 29:56
  utility similar to the internet for National Security interests.
• 30:02
  This technology can't be uncreated.
• 30:04
  Trying on Russia will be using this and 1 to 5 to 10 to 100
• 30:09
  years whether we like it or not and that's okay but we need to
• 30:12
  think about it and we need to think about it correctly and
• 30:14
  responsibly and then I think we need to think about how the
• 30:17
  Payments Technology can fix material distortions in our
• 30:20
  country and again I could be wrong.
• 30:23
  I'm not giving advice. I'm clearly very biased and
• 30:26
  passionate But just as an exercise as Americans, this is
• 30:32
  our duty to not only our country, but to the Free World,
• 30:37
  Okay? So Couple things in that speech,
• 30:42
  right? That was the threat.
• 30:45
  Jack mallers made a threat. If the US doesn't Embrace
• 30:50
  Bitcoin quote, I'm going to move.
• 30:54
  He also followed it up a little bit later and he did a hat tip
• 30:57
  to Ted Cruz. It's very important, it's very
• 31:00
  important that bitcoiners pay taxes in Texas.
• 31:05
  The United States and not Dubai. And he also laid it made it very
• 31:10
  clear. China and Russia are going to
• 31:14
  use this. He laid out the case that this
• 31:18
  is inevitable. You can't change this thing.
• 31:21
  It's not going away. You adapt?
• 31:25
  Or you get left behind. And that is the reality for That
• 31:31
  is the reality that governments that have been used to having a
• 31:35
  monopoly on information M and a monopoly on currency.
• 31:40
  This is a reality that they're going to have to face
• 31:43
  specifically in the u.s. now that world governments are
• 31:47
  starting to work. Wake up to the fact that the US
• 31:50
  dollar has been weaponized. And that the US dollar that the
• 31:55
  u.s. government is printing an excessive amount.
• 32:00
  So countries like China and countries like Russia.
• 32:06
  Are seeking Alternatives. This is a Reuters article.
• 32:08
  This is a big deal specifically for anyone living in the US.
• 32:12
  A lot of the prosperity that the US has today is because it is
• 32:17
  global Reserve currency. Anyways, the name of the article
• 32:22
  for audio listeners is, you want overtakes dollar to become most
• 32:26
  used currency and China's cross-border transactions.
• 32:30
  For anyone who doesn't know, currently most countries that,
• 32:35
  you know, are, are doing international trade.
• 32:38
  It doesn't matter what they are. Let's say It's Brazil and South
• 32:41
  Africa. They will use dollars to
• 32:44
  facilitate international trade and the US government has been
• 32:48
  weaponizing that they've been using that for political means.
• 32:52
  But the unintended consequence of that is is people and
• 32:57
  countries are going to start seeking Alternatives and that's
• 32:59
  exactly what's happening. This is a big deal in this
• 33:01
  article. It goes on to say that you on
• 33:04
  became the most widely used currency for the cross-border
• 33:06
  transactions in China and March overtaking, the Dollar For the
• 33:10
  First Time, cross-border payments, and receivables.
• 33:13
  The new on rows in a record of five hundred forty nine billion
• 33:17
  dollars in March from four hundred, and four hundred thirty
• 33:20
  four billion a month earlier according to a Reuters
• 33:23
  calculation based on the data from the state administration of
• 33:26
  foreign exchange, the Yuan was used in 48.4% of all
• 33:30
  cross-border transactions, rotors calculated.
• 33:33
  While the dollars share decline to 46.7% from 48.6% a month.
• 33:40
  Earlier also this isn't just China Ah, it also seems like
• 33:44
  other countries like Brazil. Like Argentina are looking at
• 33:49
  the Chinese Yuan as an alternative to the dollar.
• 33:52
  Here's an article from Reuters as well, Argentina to pay for
• 33:56
  Chinese Imports in you wan rather than dollars.
• 34:01
  And here is a here is an article from Forbes digital assets.
• 34:07
  And in this is a big win for us, right?
• 34:09
  And this is something that I was talking about, this is something
• 34:11
  that I was mentioning earlier. On in, in the new segment about
• 34:17
  listen you can call you can try to coerce people as much as they
• 34:20
  want, but as much as you want, but it when it comes down to
• 34:23
  either putting food on the table or using your hyper-inflated
• 34:27
  money for patriotic reasons, most people are going to choose
• 34:29
  putting food on the table and they're gonna go, the guy,
• 34:32
  they're gonna go tell the guy on TV, telling him to use State
• 34:35
  money to go to hell, and that's just the reality.
• 34:37
  Okay? So here's the article, and it's
• 34:40
  right, it's right. It's written by a Bitcoin or
• 34:42
  also Shout. Javier bastardo or on Twitter
• 34:45
  known as Krypton crypto bastardo name of the article.
• 34:47
  The headline is crypto usage usage Rises across Argentina
• 34:52
  despite the anti crypto, IMF deal and the same thing happened
• 34:58
  in Nigeria. You're starting to pick up a
• 35:01
  pattern here, right? So here is this article that we
• 35:07
  read you a while ago and this is something that Jack mahler's
• 35:12
  warned about. Right.
• 35:13
  And you see China Rising, you see countries using the Juwan,
• 35:19
  but China's playing both sides. They're being smart, right?
• 35:23
  Here's Hong. Kong's, crypto Hub, Ambitions
• 35:25
  wins quiet backing from Beijing, right?
• 35:28
  So, you know it for anyone who doesn't know Hong Kong and China
• 35:33
  or, you know, that it's one country two systems that have
• 35:36
  two political systems. Hong Kong was a British colony
• 35:39
  for a, for a long time. Until I was given back to To
• 35:43
  Mainland China and it looks like they're using that as an
• 35:48
  experimentation Hub as like let's benefit from Bitcoin.
• 35:51
  Let's benefit from crypto. Let's get all these businesses
• 35:54
  moving here, right? Let's take advantage of the fact
• 35:58
  that the u.s. is fighting these businesses, making them scared,
• 36:01
  making them flee overseas and let's bring them here.
• 36:03
  But at the same time, we're going to play Both Sides because
• 36:06
  at the mainland. Hey, you know what CBD?
• 36:08
  See all the way you can't use Bitcoin.
• 36:10
  It's illegal. So China is playing both sides.
• 36:13
  The u.s. is only playing one side and the eyes of the B
• 36:16
  Administration. Check out this Fox News article,
• 36:18
  we're going to go into more in-depth into it tomorrow.
• 36:21
  But the headline is B Administration is quietly
• 36:24
  planning for a future where you don't own money and Biden's
• 36:27
  future. You will own, you will not own
• 36:29
  CBDs, see you will not own CBC, see money and you will have no
• 36:33
  privacy either we and we've covered this tremendously.
• 36:37
  Right? We've covered in the eyes of the
• 36:38
  current Administration they want you using a Bank digital
• 36:42
  currency. They want you using a money of
• 36:43
  which they can control, right? So, If the US wants to stay
• 36:48
  ahead economically, if it's still wants to remain a power.
• 36:51
  There's a there's a there's a big pill to swallow that the
• 36:54
  color that pill is orange that u.s. bureaucrats are going to
• 36:57
  have to swallow. The fact is that they're not
• 36:59
  going to be able to control the monetary policy.
• 37:01
  Therefore, the people the way that they've been used to
• 37:04
  controlling them for decades and decades, they're being
• 37:07
  disintermediated, on the information front, since the
• 37:10
  Advent of social media, the Advent of the Internet.
• 37:12
  It's allowed individuals to communicate directly amongst
• 37:15
  each other without going through.
• 37:17
  Me diaries' of or Gatekeepers of information, better said, and
• 37:20
  also the Advent of Bitcoin, which allows individuals to
• 37:24
  transact directly with each other, without going through.
• 37:28
  Intermediaries therefore, making it very difficult for
• 37:31
  governments to stop to basically capture those intermediaries.
• 37:37
  So this is the reality that us bureaucrats that are against
• 37:42
  this movement, have to face and Jack mahler's.
• 37:45
  Made a very It made a thinly Veiled Threat in the very
• 37:49
  beginning. If you are going, if you're
• 37:51
  going to be against this, I'm going to move.
• 37:54
  You want. Bitcoiners paying taxes and
• 37:57
  Texas, and not in Dubai. You cannot stop this thing.
• 38:03
  I love opt he's quote, I'm going to use it again.
• 38:05
  You Can't Ban yourself. You can't ban Bitcoin.
• 38:08
  You can only ban yourself from Bitcoin.
• 38:12
  So, V unproductive class in, d.c. needs to wake up.
• 38:19
  To this reality. Need to wake up before.
• 38:22
  It's too late. They need to wake up before a
• 38:24
  lot of these Bitcoin businesses say enough is enough.
• 38:27
  I'm leaving, but before they need to wake up before enough
• 38:30
  bitcoiners wake up and say enough is enough.
• 38:33
  I'm leaving, it doesn't benefit me or my family to stay here
• 38:36
  anymore, right? And this is a case that was laid
• 38:39
  out in the sovereign individual. This is something that I've
• 38:42
  talked to at length with Robert. Breedlove last night on simply
• 38:46
  Bitcoin IRL. This is the Brave New World that
• 38:49
  we're heading into and this old nation state model where they've
• 38:52
  had this tremendous power over information and money.
• 38:56
  It is dying. We're seeing it is in its
• 38:58
  Heyday. You can't can't can't, it's it's
• 39:01
  it will not exist in its current form 10, 20 years from now, you
• 39:06
  either adapt to this new reality or you get left behind, and you
• 39:10
  know what sucks. And here's the last part is that
• 39:12
  the people in power are a lot older so they're not going to be
• 39:19
  they're not going to get the brunt end of these actions that
• 39:23
  they're taking The millennial in the Zoomer class, the class that
• 39:27
  does not own anything because they've been priced out because
• 39:32
  the, the price of assets go through the roof is when they
• 39:35
  print all this inorganic money, right?
• 39:39
  So it is very, very frustrating but at least at least we're
• 39:43
  making some progress and shout out to the BPI Institute for
• 39:48
  putting this on in DC. I really hope David Zell gets
• 39:52
  the funding that he needs to stay.
• 39:55
  In d.c. because we do need a Bitcoin lobbying arm their
• 39:58
  full-time, not a Bitcoin and shit coin.
• 40:00
  Lobbying RV even though coin Center has done great.
• 40:03
  Work in the past, we need a Bitcoin lobbying arm and I think
• 40:06
  the Bitcoin policy Institute is just that also have to give a
• 40:10
  shout out to Dennis Porter. It's been doing great work on
• 40:13
  the state level front. The Satoshi action fund fund,
• 40:16
  will be having him on the show as soon as well, but yes, this
• 40:21
  is the separation of money and state.
• 40:23
  This is what it's about. We are Living through it, wake
• 40:26
  up to this reality. And I know the attitude that a
• 40:29
  lot of bitcoiners are going to take.
• 40:31
  Okay, I'm going to address that right right in the beginning.
• 40:34
  I'm going to nip it in the butt Nico.
• 40:36
  I don't give a shit. I'm taking Bitcoin into self
• 40:38
  custody, I don't care. I run my own note.
• 40:41
  That's fine, bro. But you still need to use.
• 40:43
  Still need a place to live and meatspace.
• 40:46
  Okay. And I don't know about you.
• 40:47
  I'm a first-generation American. I moved to this country and I
• 40:50
  was sold on what this country, what this country was And I
• 40:55
  think that Fiat money in the current Legacy Financial system.
• 40:59
  Has Frankenstein that into something that the original
• 41:03
  founding fathers, never prefer wanted this country to be,
• 41:06
  right? We need to go back to our roots.
• 41:11
  And I want to stay here, I want to stand and fight.
• 41:14
  I want to hold my ground. I don't want to flee, you know,
• 41:17
  Cory Clips in wrote a piece about this, Michael Seiler said
• 41:20
  it in the atlas Gala, he said, I want to be a winner, I don't
• 41:23
  want to be a martyr Corey calls it the race to avoid the war.
• 41:28
  We need a transient but we need it.
• 41:30
  Was it. How do you say it Opti?
• 41:31
  A transgender intransigent minority intransigent, minority
• 41:35
  of 10 million bitcoiners in the United States that in this
• 41:38
  particular field in terms of Bitcoin are Movable.
• 41:42
  And if that becomes a reality that any type of hostile,
• 41:45
  Bitcoin legislation will be an impossible to pass and the
• 41:49
  comparison that I would make is trying to pass a gun law.
• 41:54
  Good luck. It is literally almost
• 41:56
  impossible nowadays, why? Because there's in there's a my
• 41:59
  there's an intransigent majority-minority that are
• 42:02
  unmovable in that specific and that specific field, right?
• 42:07
  So I think we can get there. This is what it's all about.
• 42:11
  This is what the Peaceful Revolution is all about this is
• 42:13
  what winning over the hearts and minds of individuals waking up
• 42:16
  to the reality that it's not left or right.
• 42:18
  It is Orange Party vs, Green Party, the green party is the
• 42:22
  party of slavery, the party of Central Bank, digital
• 42:24
  currencies, the party of you'll eat bugs.
• 42:26
  Oh, nothing and be happy. And Bitcoin is the party of
• 42:30
  steak sunshine and freedom. Anyways Opti, what's your take
• 42:34
  on this brother? Well, my first thing is, man, I
• 42:38
  was gonna wear that NRA hat that I got at the thrift shop.
• 42:41
  It would have Perfect today. But I was tired of people
• 42:44
  yelling at me in the chat. Anyways, first Jack mahler's in
• 42:48
  a suit and not a hoodie. You were?
• 42:51
  He wear a blazer and a hoodie underneath.
• 42:53
  I don't know if you saw that. Yeah.
• 42:56
  Okay. Well hey he's evolving.
• 42:58
  I think he's evolving but second and and you covered this very
• 43:02
  well like we are seeing the D dollarization happen in real
• 43:05
  time but as a Bitcoin ER more keynesianism is not going to fix
• 43:09
  the problem. The problem is the bro.
• 43:11
  Okin monetary system that we are a part of, and of course, like
• 43:14
  Nico you and I are the same were first-generation Americans, and
• 43:18
  it really does feel like we were, we were rug pulled on the
• 43:21
  American on the American dream on the American ideals of
• 43:24
  freedom. And I'd love to see favorable
• 43:26
  laws surrounding Bitcoin in the US.
• 43:28
  And I see people in the chat, kind of saying, like, oh the US
• 43:31
  will never adopt Bitcoin. And I always just get reminded
• 43:34
  of like, the Lord of the Rings meme where it's like, they have
• 43:37
  to throw the ring into the volcanoes so that they can
• 43:40
  prosper moving. Forward.
• 43:42
  Will they do it? Probably not, but irregardless
• 43:46
  of everything we have the abilities individuals to adopt
• 43:49
  Bitcoin, no matter what our stupid government does.
• 43:51
  And we talk about the sovereign individual thesis.
• 43:54
  Almost every single day off are not only just on air, but we
• 43:58
  literally say this, like to ourselves all the time like Mica
• 44:01
  jokes with me. Almost every single day is like
• 44:03
  yo are we leaving the US? And I'm like I'm and it really
• 44:06
  hurts me. I mean not doing Jack Miller
• 44:08
  said it he he he Yeah yeah threat in the beginning.
• 44:11
  I was like yo if you guys do this I'm going to move.
• 44:14
  Yeah. And and that's like this, that's
• 44:16
  one of the beauties of Bitcoin, you know, jurisdictional
• 44:18
  Arbitrage like Bitcoin is a voluntary permissionless system.
• 44:21
  We don't need permission to adopt Bitcoin.
• 44:24
  If you aren't treated, well, you can move, you know.
• 44:27
  Bitcoin to me is as American as, as the American Revolution, you
• 44:31
  know, it's about freedom from tyranny, it's about freedom from
• 44:34
  arbitrary. Taxes is about freedom to go
• 44:36
  tell someone to go fuck themselves.
• 44:38
  If you're treated bad. Like that sounds a lot like what
• 44:40
  the founding fathers fought for in the American Revolution.
• 44:43
  And it really is just sad to see the tyrannical authoritarian,
• 44:48
  politicians fight, Bitcoin, tooth, and nail.
• 44:51
  Because they understand what we understand.
• 44:53
  It's you know, they're going to lose the power of basically
• 44:58
  being the world police. If they give up the power of the
• 45:01
  money printer, and obviously, they're not going to do that
• 45:04
  willingly. But hey, they really don't have
• 45:07
  a choice like this is a global phenomenon.
• 45:09
  Naaman on and it would benefit them if they did endorse
• 45:12
  Bitcoin. And hey, let's just hope it
• 45:15
  doesn't get that nasty. But, you know, I guess I'm not
• 45:18
  going to hold my breath and then also shops out the Javier for
• 45:21
  being on Forbes. That's dope.
• 45:22
  That's a good thing, right? 1111 up, bro.
• 45:25
  Don't forget about, don't forget about us bro.
• 45:28
  Anyways, Steve comment section says, it regardless is not a
• 45:32
  work, just FYI. It regardless is definitely a
• 45:35
  word in Miami. You just haven't been here.
• 45:37
  So you don't know until I do, you know, it is definitely a
• 45:40
  word down here, it was definitely look up the YouTube
• 45:43
  video chip, Miami people say you'll hear regardless 50, maybe
• 45:48
  it's a Latino thing, bro. I don't know.
• 45:50
  Anyway, Steve, so I'm very curious about this right?
• 45:53
  Because, you know, like you were you mentioned earlier at you're
• 45:56
  a bit older than us. So you did you did get to see
• 46:00
  America in, you know, in its prime.
• 46:03
  Right. It's definitely not what it once
• 46:06
  was. Do you think that Bitcoin has
• 46:08
  the Tool to bring back, you know, that American Dream
• 46:12
  because I saw it in the chat and really, really kind of hurt me.
• 46:14
  So sing, the American dream is dead and I responded with
• 46:18
  Bitcoin is the revitalization of the American dream.
• 46:21
  What's your take on this? Yeah, I mean, you know, I look
• 46:24
  at how my parents lived in the 70s and 80s and the type of
• 46:29
  assets, they were, you know, able to own not, you know, all
• 46:33
  financed, right. And look at how we have to live
• 46:37
  now and it's totally different. I mean, you've seen the erosion
• 46:40
  of the buying power of the dollar.
• 46:42
  Just it's just insane. When you look at it and you know
• 46:47
  really this is this is like an epic battle that's setting up
• 46:51
  and I'll use that word you know you have the orange team which
• 46:55
  is the people, right? And then the other team which is
• 47:00
  you know, your ruling class and the established system.
• 47:03
  And you know, I like your comments about, you know, we
• 47:05
  need to get to that 10 million level that's orange pill.
• 47:10
  That's our strength. If you look back through
• 47:12
  history, this has happened before, right?
• 47:14
  In the history of mankind, the same setup and that's what's
• 47:18
  happening right now. And I think our strength, you
• 47:21
  know, I don't know how much we're going to gain by trying to
• 47:24
  educate lawmakers. I don't think, you know, I'm not
• 47:27
  against that. Obviously we need to educate
• 47:29
  everyone but you know they're doing what they're doing for a
• 47:33
  reason and it's probably not like us, right?
• 47:37
  That's probably not the reason behind it.
• 47:39
  So building, you know, our orange peeled folks and getting
• 47:44
  more people, you know, in the orange pill, I think that's the
• 47:48
  key to this battle going forward.
• 47:51
  But yeah, definitely from my perspective in my lifetime, this
• 47:57
  this is kind of where my hope is now is Bitcoin.
• 48:00
  And and it's like you know, the light at the end of the tunnel
• 48:04
  were all I saw was Darkness going forward so so that's
• 48:08
  really for me. What it's all about is a hope
• 48:10
  for the future. Yeah, 100%, And you know, and,
• 48:14
  you know, you get a Hope.com Michael sailor.
• 48:17
  You know, was parking on that domain for a long time and it's
• 48:20
  beautiful. You know, Bitcoin is Hope
• 48:22
  Bitcoin is Hope in this these dark times that that were living
• 48:26
  through that. We're going through now days.
• 48:28
  Anyways, everybody, let's get to the culture.
• 48:31
  We got a lot to talk about but before we get to the culture,
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• 49:30
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• 50:31
  And if you have any questions, doubts, concerns, you could
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  always send me a Twitter, DM, and I'll be happy to answer
• 50:38
  them. Anyways, Opti, what are we
• 50:40
  talking about today, brother? I bet.
• 50:43
  Sorry. I was, I was looking up
• 50:45
  something because you guys are trolling me in the jet anyway.
• 50:48
  Steve, I asked you this question before we started and I think
• 50:52
  this is a great great place to start.
• 50:54
  You mentioned that you are a wildlife biologist.
• 50:57
  And, and on a personal level I was just wondering, is there A
• 51:01
  connection between biology and Bitcoin.
• 51:03
  And then you went in on a great little rant.
• 51:06
  I didn't want to cut you off but I had to go into spaces.
• 51:08
  So is there like you know, what is the connection between
• 51:12
  biology and Bitcoin are, is there one.
• 51:15
  Well, you know, a parallel that I see as you know my career has
• 51:19
  been in Wildlife ecology and so my Paradigm like how I view the
• 51:24
  world is from an evolutionary ecology perspective?
• 51:29
  And so for me you know, recently I've learned a lot about money,
• 51:33
  right? Because you know that's kind of
• 51:34
  new to me. I'm not a financial.
• 51:36
  I don't have a financial background but if you look at
• 51:39
  the history of money and how it started and the evolution of it,
• 51:44
  you can parallel that to you know biological evolution and
• 51:48
  you know we've reached perhaps a state of a high degree of
• 51:53
  evolution in the monetary system with Bitcoin.
• 51:57
  And you know, I think that's something that's that's really
• 52:01
  these are Citing times and again, it gives us hope that we
• 52:05
  have maybe finally and in the history of money reached a point
• 52:10
  where we can truly be Sovereign where we can truly have this
• 52:14
  Independence and where we can exchange peer-to-peer without,
• 52:19
  you know, 67 hands taken, taken a cut and to be able to do that
• 52:25
  with lightning speed, you know, all these advancements, those
• 52:29
  are, you know, parallel to evolutionary.
• 52:31
  Nari advancements. That you might find in an
• 52:34
  ecosystem, with a specialized organism.
• 52:37
  And so for me, that's kind of interesting.
• 52:40
  And one of the ways that I looked at it as I started
• 52:43
  learning, you know about Bitcoin again with no Financial
• 52:47
  background and you know, I started learning with the book.
• 52:52
  Thank God for Bitcoin. And one thing I liked about that
• 52:56
  book is the first thing. It really does is defines money.
• 53:01
  And you know, here I am 53 years old and I've never really
• 53:05
  thought about that. I never had asked, you know,
• 53:08
  what is money, right? It's just something you use
• 53:11
  every day. And so, that really helped me to
• 53:16
  kind of understand and get a foundation for Bitcoin.
• 53:19
  And that's where, you know, I can kind of see it as an
• 53:23
  evolution of how we exchange, you know, energy absolutely love
• 53:29
  it. I think you said it better than
• 53:32
  I could. But when we were talking in the
• 53:34
  beginning before we went on air, you mentioned something that I
• 53:39
  really think about a lot and it is trying to bring Bitcoin down
• 53:43
  to the everyday person and trying to explain Bitcoin in a
• 53:47
  way where you don't get too. Esoteric, you don't get to think
• 53:49
  boy on them and you try to relate that relate, the message
• 53:52
  to them, personally. So that they understand how they
• 53:55
  can benefit from it. And you were mentioning earlier
• 53:57
  that you are DJ nexor. So how's it been, how's your
• 54:01
  orange peel Journey? Been trying to get people your
• 54:03
  age to adopt Bitcoin and like not not to be an Aegis but like
• 54:09
  my mom's a gen xers as well and I continuously try to orange
• 54:14
  color. She's Loosely orange pills.
• 54:16
  So what do you say? And you have a way of saying it
• 54:18
  like, you know, if my dad understood Bitcoin, I feel like
• 54:22
  he would say how you're saying it.
• 54:23
  So, first off, what would you say to people your age?
• 54:26
  And then what would you say to the kids out there?
• 54:28
  Well, so one of the problems with us gen xers is we like to
• 54:33
  have things in our hands. We like, you know, something to
• 54:36
  be tangible and so I could pull a twenty dollar bill out of my
• 54:40
  wallet but then what I like to do is just ask them.
• 54:45
  Well what is that in your hand? You know what is it really?
• 54:49
  It's you know so let's see if you want to think in a literal
• 54:52
  terms which is again the way gen-xers like to think, let's do
• 54:57
  that and let's talk. About what that really is.
• 55:00
  And then when you use a credit card, right?
• 55:04
  That's another example. And foremost most people
• 55:07
  gen-xers included, they often get paid electronically, right?
• 55:11
  So you have a little bit of a bridge there where you can kind
• 55:15
  of start to describe. Hey, listen, you really you're
• 55:19
  just looking at digits on a screen.
• 55:21
  Maybe you're opening your bank app on your phone, you're really
• 55:25
  not holding anything material in your And that's kind of a first
• 55:30
  step, a baby step if you will to get someone to kind of start to
• 55:35
  see. Oh, you know, that's right, I'm
• 55:38
  really you're really not, you know, my boss or my employers
• 55:43
  not coming with a stack of you know hundred dollar bills on
• 55:47
  Friday to hand me for my pay. So we're really already in an
• 55:51
  electronic world and sometimes you just need to kind of talk
• 55:55
  about that a little bit and that's what I've done with some
• 55:57
  of my peers. Years to get them to understand.
• 56:01
  Hey, this is every bit as real as what you're doing and then
• 56:05
  let me jump to the next segment and tell you why this is more
• 56:09
  real than what you're doing. Because it's limited, it cannot
• 56:13
  be produced by the, you know, the waving of a magic wand.
• 56:18
  So it can't be inflated on any whim.
• 56:22
  So that's where for me, kind of the the step off into Bitcoin
• 56:26
  can occur, but you got to start You got to start where folks,
• 56:30
  understand and Gen X. We can't we kind of like to grab
• 56:34
  something and hold it so I love it.
• 56:37
  Yeah. I say it all the time and I
• 56:39
  don't know if I said on the show but I certain spaces all the
• 56:41
  time I took it from How to Win Friends and Influence has and
• 56:44
  it's idea of like bait the hook for the fish are trying to catch
• 56:47
  and How to Win Friends and Influence People.
• 56:50
  Yeah. Whatever.
• 56:51
  What for what I say, that's what I said.
• 56:53
  Anyways, I think it's very important to, you know, give the
• 56:57
  Bitcoin message. Majin palatable ways that people
• 57:00
  understand. And I told you guys in the
• 57:03
  beginning, I was watching some TED Talks this morning and it
• 57:06
  was in The Art of Storytelling. And one of the ways that they
• 57:10
  were saying, a good story starts with the why so Steve, why are
• 57:14
  you Bitcoin? ER, and why do you continuously
• 57:16
  want to Orange Peel the world? So, the reason that I'm a
• 57:21
  Bitcoin miner is, I want to protect what I've earned.
• 57:25
  I don't want to be exploited, I don't want to be taxed in a
• 57:29
  sneaky way through inflation and I believe that's the Sovereign,
• 57:34
  right? Of every individual human.
• 57:37
  And I believe it's an ethical thing.
• 57:39
  I don't think anybody should be stealing from common people that
• 57:42
  are out here, you know, putting putting tires on vehicles, if
• 57:45
  that's what you do for a living or maybe you hang sheetrock,
• 57:48
  right? Whatever you do, that's your
• 57:51
  energy. And you've expended it.
• 57:53
  You've done the work and no one else should have the capability
• 57:58
  at Ad nauseam to just steal from a bunch of people.
• 58:03
  So for me every time that I can convert a dollar into, you know,
• 58:08
  a sad I am and maybe I'm wrong but I just feel kind of
• 58:13
  ethically a little bit better. I feel like it's almost like
• 58:17
  just this is a Gen X or but It's almost like I put a little money
• 58:21
  in that offer and played at church, right?
• 58:24
  I took some money away from the evilness in this world away from
• 58:30
  the wars that are just run to make money, you know, for the,
• 58:34
  for the military-industrial complex and and maybe in that
• 58:39
  little, that little movement. I've done, I've done some good
• 58:44
  in the world, so that's what it's about for me.
• 58:48
  It's about Out, you know, protecting my sweat my time.
• 58:53
  What I've done and putting it in a place where I'm, I know no one
• 58:58
  else can touch it because my most pressured, you know,
• 59:02
  treasured assets. Like, who I am no one can really
• 59:06
  take that. Uh-oh.
• 59:11
  Oh, we lost you, Steve. Man, it was just there you are,
• 59:15
  there you are. Hold on your audios off a little
• 59:19
  bit. Okay, I'll let your back your
• 59:22
  back. Okay.
• 59:24
  Laughing them in the thick of it.
• 59:25
  Yeah, for me it's just that hope that
• 59:41
  we can have fairness and true. I mean, everybody's always
• 59:44
  talking about equity and in the stupid mainstream media, but
• 59:47
  true equity, T like, hey, you know, this is a measure of
• 59:51
  energy. This is my energy.
• 59:52
  I've expended to be able to, you know, purchase this Bitcoin and
• 59:56
  it should be preserved. It shouldn't be stolen from
• 59:59
  people. And so once I get, you know,
• 1:00:02
  when I can describe why I'm into it and once I get people past
• 1:00:05
  some of the basics, that's where I like to go with it.
• 1:00:10
  Absolutely love it before it before we move on.
• 1:00:13
  I really love this tweet because I kind of you this the same way
• 1:00:16
  any time. I hear someone talk smack on
• 1:00:19
  bitcoin. It makes me just know that
• 1:00:21
  we're. So right about Bitcoin and you
• 1:00:22
  tweeted every time I hear a politician warn against Bitcoin,
• 1:00:25
  I stack more sads. This is the way I absolutely
• 1:00:28
  love it. Exactly.
• 1:00:30
  Yeah. Nico.
• 1:00:34
  I do have a bunch of tweets but we just had a conversation for
• 1:00:37
  15 minutes. No, I like it.
• 1:00:39
  I love it. I like that.
• 1:00:41
  I like that. Yeah, me to be too.
• 1:00:42
  All right everybody, let's get to the culture.
• 1:00:44
  We got a lot to talk about memes.
• 1:00:46
  Isn't that? What I said, no, just go.
• 1:00:49
  Go to the meme. We're even now in the culture.
• 1:00:56
  The daily culture brought to you by Swan Bitcoin.com, you do the
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  culture while I played the culture.
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  you by Kaboom racks. I get this question all the
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  Kaboom racks. Wait wait, wait wait.
• 1:01:37
  Oh sorry. I went up, I was looking at this
• 1:01:39
  and we're, we're hold on. You know what?
• 1:01:43
  Hold on, before I go on guys, look at this, I'm over here.
• 1:01:48
  I know this isn't this isn't the mean review yet but since I was
• 1:01:53
  getting trolled over here I got to make something very clear.
• 1:01:59
  So the screen I'm showing it, I'm showing it.
• 1:02:02
  Apparently irregardless is a word it's just not a formal
• 1:02:05
  word. So yeah.
• 1:02:10
  I don't know, I didn't know about the term.
• 1:02:14
  Irregardless is a word. Yeah, whatever.
• 1:02:15
  Anyways, let's just wait, what is money?
• 1:02:28
  Wow. Did you're getting meta here?
• 1:02:29
  Anyways, what people are saying in the chat planet?
• 1:02:34
  Earth goes too much signal, Spooks trying their best to stop
• 1:02:37
  the signal and that's why You fell off.
• 1:02:39
  And then another one ran guns, the monetary demons attack
• 1:02:42
  again. Anyways, you guys know the deal.
• 1:02:44
  This is the mean review where we have fun where we you know we
• 1:02:49
  lighten the mood a little bit anyways tweet to the bullet,
• 1:02:52
  memes are the artillery. We are in an information War
• 1:02:55
  continued to spread the signal guys and you know make it
• 1:02:58
  relatable, make it palatable. So people understand why you
• 1:03:01
  Bitcoin and this is some of the most powerful ways to get
• 1:03:04
  Bitcoin into more people's hands.
• 1:03:06
  This is what you're trying to do is get get people to hold
• 1:03:09
  Bitcoin and all my friends out here.
• 1:03:13
  Memeing continue to me many ways.
• 1:03:14
  This first name is bai at plan Marcus on Twitter and go study
• 1:03:18
  why Bitcoin. And you guys can see here the
• 1:03:21
  first or at the top, it goes bought Bitcoin and it's a yacht.
• 1:03:24
  And then on the bottom it goes buttock coins and it's someone
• 1:03:28
  with an iron on the horizon. It may look similar, but there
• 1:03:32
  is a difference here, there's Bitcoin and their shit coin.
• 1:03:35
  And then the next name is by the BTC therapist and he goes How
• 1:03:38
  long have you huddled BTC? And we got a quote here, Bitcoin
• 1:03:44
  is a journey hottel, and we got some bitcoiners pushing their
• 1:03:48
  Bitcoins up the hill because it is a journey.
• 1:03:52
  Anyways, it's next one. Shout out to Alex from Cafe
• 1:03:54
  Bitcoin. You know, me.
• 1:03:57
  I try to avoid saying these terms but when I can get someone
• 1:04:00
  to say, you know, the monetary demons or as Alex says here, the
• 1:04:04
  world that the lizard's would like to see you in is not a
• 1:04:07
  world you will Want to be in. This is why we Bitcoin and we
• 1:04:10
  got a guest is Carson over here and you guys have heard this on
• 1:04:13
  the show before. But hey, I really wanted to say
• 1:04:16
  this one because he called them lizards and he goes, we don't
• 1:04:18
  know who's using a hundred dollar bill today and we don't
• 1:04:20
  know who's using 1000 peso bill today.
• 1:04:22
  The key difference with the CBC is the central bank will have
• 1:04:25
  absolute control on the rules and regulations that will
• 1:04:28
  determine the use of that expression of Central Bank
• 1:04:31
  liability. And also we will have the
• 1:04:33
  technology to enforce that the world that the lizards would
• 1:04:37
  like to see you. His underworld, you would want
• 1:04:39
  to be in on Twitter and he just goes a hundred thousand dollars
• 1:04:49
  and we got your car mirror here and it's got 100K in the mirror.
• 1:04:52
  And it goes objects in Mirror are closer than they appear,
• 1:04:55
  guys, it's coming. It's coming.
• 1:04:57
  It is it's almost here. I can feel it.
• 1:04:59
  All right. This next meme is by Viva La
• 1:05:01
  Vandal and it goes hashtag disrespect ER and I really just
• 1:05:05
  kind of like this because it looks like some some 80's 90's
• 1:05:08
  hip hop tagging over here and it goes Bitcoin Grand rising and we
• 1:05:12
  got a couple sitting here on a bench and we got a frog, a Pepe
• 1:05:16
  the Frog, and Guy Fawkes mask. And then we have the Federal
• 1:05:20
  Reserve with an atom bomb, explosion through it and dollar
• 1:05:24
  bills going everywhere because the Grand Rising is happening in
• 1:05:28
  real time. And this next one actually, I
• 1:05:31
  was going to put this one last but then I added this new one
• 1:05:33
  right here by Pierre, Richard and it goes by Bitcoin Pierre
• 1:05:38
  and he goes, fizzy seltzer water.
• 1:05:39
  Emits more CO2 than Bitcoin mining and he's got a little
• 1:05:42
  cell. See there's a night.
• 1:05:45
  Last one is by sailor, and I think this is why why I Bitcoin.
• 1:05:51
  This is why I am so adamant about Bitcoin.
• 1:05:54
  I really do believe that Bitcoin will help Humanity.
• 1:05:56
  I really do. To feel that Bitcoin is gave me
• 1:06:00
  hope that it's gave me a new lease on life and I'm just
• 1:06:03
  forever grateful to bitcoin. But sailor over here is just got
• 1:06:06
  this picture of someone in an orange fog.
• 1:06:09
  It's almost looking like he's on Mars with the Bitcoin logo
• 1:06:11
  overlaid over. It are the Bitcoin be overlaid
• 1:06:14
  on it goes Bitcoin is Destiny. And what do we say all the time?
• 1:06:17
  What a big Corner say all the time, all roads lead to bitcoin,
• 1:06:20
  and it's only a matter of time until the intransigent.
• 1:06:24
  Minority Inspire, the next fifteen percent.
• 1:06:27
  Scent. And then the world tipped on the
• 1:06:30
  Bitcoin standard. This is what we're all doing
• 1:06:32
  here. This is this is our destiny.
• 1:06:34
  Here is just spreading the Bitcoin signal and getting
• 1:06:36
  Bitcoin into more people's hands.
• 1:06:38
  Anyways, drop your mean review score in the chat and we will
• 1:06:43
  cover it live and for my for my score today Nico my scores a
• 1:06:48
  little meta. I'm giving it, it's not a
• 1:06:51
  physical object. I'm giving it My 42-hour fast of
• 1:06:57
  a 48-hour fast. I might go longer but currently
• 1:07:00
  on 42, maybe 43 hours but I feel really good like clear minded
• 1:07:04
  and shit. Huh?
• 1:07:06
  Well, not so much because apparently I'm saying wrong
• 1:07:09
  words and I'm messing up the tweets and I'm feeling it right
• 1:07:18
  now. Okay?
• 1:07:18
  Okay, so I'm going to give it my old headphones that I've been
• 1:07:24
  rocking for a while. The gunmetal gray rays, which
• 1:07:28
  now I use for editing but I'm going back to the original black
• 1:07:33
  hood vents. Going back to the roots meta.
• 1:07:38
  I don't know. I don't know.
• 1:07:38
  What do you which ones do you guys like more?
• 1:07:40
  Do you guys like the gray ones are the block?
• 1:07:43
  Now, I am a Sony MDR 709, but looks Max Emoji.
• 1:07:50
  These are the best. These are the best.
• 1:07:52
  I'm an Audio-Technica guy anyways.
• 1:07:54
  Steve Tony Maxie Steve. What would you give those memes?
• 1:07:58
  Well, I'm as well. I'm on the intermittent fast
• 1:08:01
  right now. I'm not a minute fast but I'm
• 1:08:04
  sitting out of About, let's see 14 hours but I do have this
• 1:08:09
  coffee that I'm enjoying and I think that still qualifies as a
• 1:08:12
  fast. So I agreed to give it about a
• 1:08:15
  quarter cup of coffee. I really like the done being.
• 1:08:19
  Your coffee is good. I'm a black coffee.
• 1:08:26
  Max coffee is good. I like absolutely I like coffee.
• 1:08:30
  Oh interesting. Everybody guys like everyone,
• 1:08:33
  drinks, coffee Opti. Everyone drinks coffee.
• 1:08:37
  Yeah, it's not. Now I'm an addict.
• 1:08:40
  I don't know if it's an addict. Gotta Have It.
• 1:08:43
  All right. Everybody needs good.
• 1:08:45
  Everything is good. Before we get to the scores, I
• 1:08:47
  want to give a shout-out to our clothing.
• 1:08:49
  Sponsor represent, LTD.com Opti, and I wear the merch every
• 1:08:52
  single day. New merch.
• 1:08:53
  Drop coming soon. Just talked to David, it's gonna
• 1:08:56
  be dope and for the ladies, we're going to have simply
• 1:08:58
  Bitcoin merge for you guys as well.
• 1:09:01
  It's awesome. Check out all the other stuff on
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  the representing t-dot-com. Store, it's stylish, it's comfy.
• 1:09:06
  The sweatpants are great, the shorts are great and you can use
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  promo code simply Dash Bitcoin. Get yourself a major discount.
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  Anything on the represent LTD.com store.
• 1:09:18
  Anyways, Opti, let's get to the meme scores, it's do it.
• 1:09:23
  Alright, first meme by ready to elevator mean score you reading?
• 1:09:28
  I reading I give the memes a Jerry, Springer Show chant
• 1:09:32
  Jerry, Jerry Jerry. Yeah.
• 1:09:35
  Saw this to Jerry's finger pass away apparently man.
• 1:09:38
  Yeah, that's really sad. All right.
• 1:09:40
  I turned off the music for that Elaine.
• 1:09:44
  Elaine low USA adopts. Bitcoin.
• 1:09:48
  We will all stay put life is good for one and all, I mean,
• 1:09:51
  dude, that is kind of really sad.
• 1:09:53
  I mean, shout out Larry Springer, if that's true.
• 1:09:56
  I already Jerry. Jerry Jerry, Jerry Jerry, man.
• 1:10:01
  That is that's quite, are you on a fast bro?
• 1:10:03
  Like Anyways, boys, I give it seven, lizard, people very nice.
• 1:10:12
  Let's go score, very good score and we got ran more meme, score,
• 1:10:18
  Chad chat, very good, very good. I like that.
• 1:10:21
  Like that. Next one hot aucoin.
• 1:10:23
  I give the memes. Sweet potato for my lunch.
• 1:10:26
  It's orange. Very, very nice.
• 1:10:27
  Very nice. All right, Opti we got, we got
• 1:10:30
  time for two more McLovin. I give the memes two-and-a-half
• 1:10:33
  thumbs up. That's how we got here so far.
• 1:10:38
  But, but it's the buzzer, bro. Shouts out to wait, which one
• 1:10:42
  shots out the higher calling? He is also on a fasting at 13
• 1:10:47
  hours. I see, you know what, I just
• 1:10:48
  realized you gotta get the buzzer on your side because the
• 1:10:51
  time is on the side. I think I do have one.
• 1:10:53
  Okay. It might not be the same one.
• 1:10:55
  Anyways. In the meantime, guys, make sure
• 1:10:57
  to join simply Bitcoins telegram group.
• 1:10:58
  It's absolutely. It's absolutely free.
• 1:11:03
  You gotta go to. You gotta go to W dot e, dot me
• 1:11:05
  slash simply Bitcoin TV. Shout out to Darth coin.
• 1:11:09
  He's holding it down and also help us stay on the air help us
• 1:11:13
  stay independent. You could support simply Bitcoin
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  by subscribing to our sub stack. Even though everything we do is
• 1:11:19
  free, it's only seven dollars a month, you go to go to
• 1:11:21
  www.koozai.com. Use like I said, everything's
• 1:11:25
  free, but if you do want to support the show, it is greatly
• 1:11:28
  greatly greatly appreciated. Anyways, I want to give a very
• 1:11:31
  special shout-out to Our Guest. Thank you so much for joining us
• 1:11:34
  today. Steve really, really appreciate
• 1:11:36
  it. Why don't you tell everybody
• 1:11:37
  where they could find you on the interwebs?
• 1:11:40
  Hi, thanks for having me. I hope I brought a little bit of
• 1:11:42
  a different perspective. Biologists Barlow.
• 1:11:46
  All one word. That's how to find me anywhere
• 1:11:49
  Lyman. Yeah, you totally did man and
• 1:11:51
  really really you know, we're honored to have you on the show
• 1:11:54
  today. We really appreciate it.
• 1:11:55
  And you had this is what simply Bitcoins all abouts.
• 1:11:58
  We bring on, bitcoiners from all walks of life, doesn't matter
• 1:12:02
  whether your unknown Bitcoin, Are your well-known Bitcoin Ur,
• 1:12:06
  we try to highlight bitcoiners from every place all around the
• 1:12:09
  world and we try to bring them on simply Bitcoin live.
• 1:12:13
  That's literally what this show is all about.
• 1:12:17
  Anyways, guys, if you enjoyed the show, you know what to do.
• 1:12:20
  Smash that like button, consider subscribing.
• 1:12:21
  If we feel like, we provided you value, but the number one thing
• 1:12:24
  you could do to help spread the peaceful Bitcoin Revolution is
• 1:12:27
  share this content. In fact, share all Bitcoin
• 1:12:30
  content, don't be xclusive, be inclusive, we love you all.
• 1:12:33
  We will see you tomorrow for another episode of Simply
• 1:12:36
  Bitcoin live 12:15 p.m. Eastern Standard time but but
• 1:12:39
  big but you do want to join the after party.
• 1:12:42
  We are holding it down on Twitter spaces with our friends
• 1:12:46
  over at Swan bit. Coin best place to build your
• 1:12:49
  Bitcoin stack. And we're holding that Twitter
• 1:12:51
  spaces down for another half an hour until 2 p.m.
• 1:12:53
  Eastern Standard Time. Opt he's going to be holding it
• 1:12:56
  down and make sure to join if you want to, if you want the
• 1:12:59
  party to continue. Anyways guys, see you tomorrow.
• 1:13:15
  Sugar giddy, let's go. All right guys.
• 1:13:20
  Yall already know. This is the simply Bitcoin
• 1:13:22
  spaces where I bring up all my friends up here, a bit coin,
• 1:13:26
  only Space by bitcoiners for bitcoiners.
• 1:13:27
  So come up here, don't be shy, it's all about spreading the
• 1:13:30
  signal. I understand the way I
• 1:13:32
  communicate is probably not for everyone but hey, it works for
• 1:13:35
  some people. Anyways, I requested some of you
• 1:13:37
  guys to come up here and let's continue this conversation.
• 1:13:40
  Steve, I don't know if you're if you're in the spaces, but we did
• 1:13:45
  have And X Bitcoin are come up to request.
• 1:13:47
  So if you want to, if you want to request to speak again, bro,
• 1:13:51
  I sent you another request so that we can come up here and
• 1:13:55
  continuously spread the signal But what a day, what a day.