Latest / Simply Bitcoin / BREAKING: Spot Bitcoin ETF on the Verge of Approval!? | EP 852

Transcript

BREAKING: Spot Bitcoin ETF on the Verge of Approval!? | EP 852 · Simply Bitcoin

• 0:07
  It's. All.
• 0:08
  Going to zero against Bitcoin. It's going up forever.
• 0:20
  You're. Against Bitcoin, you're against
• 0:22
  freedom. Yeah.
• 0:25
  Welcome to another episode of Simply Bitcoin Live.
• 0:27
  You're your number one source for the peaceful Bitcoin
• 0:29
  revolution. Because breaking news, cult
• 0:30
  traumatic warfare. We will be your guide through
• 0:32
  the separation of money and state.
• 0:34
  Is the bull market back? Holy cow.
• 0:38
  I mean, I don't want to say it was a God candle, but it was
• 0:41
  like from like 30 K to 35 K It was absolutely crazy.
• 0:46
  People were losing their minds. Michael Saylor has officially
• 0:51
  been. Vindicated absolutely bullish
• 0:55
  next cycle is going to happen and it's going to be an
• 0:58
  undeniable fact that Michael Saylor's Bitcoin strategy was
• 1:04
  the right strategy. And there's no amount of media
• 1:07
  spin, misrepresentations, propaganda that would that's
• 1:12
  going to be able to cover up that fact.
• 1:14
  And I think so many other public companies are just going to
• 1:18
  follow suit because they're going to realize.
• 1:20
  You know, I think it was Michael Saylor that even said this.
• 1:23
  If they have Fiat and they're sitting, they're sitting on tons
• 1:26
  of Fiat on their balance sheet, they're sitting on ice cubes,
• 1:31
  right? Imagine just holding a
• 1:32
  percentage of Bitcoin, right? And of course, we know Bitcoin
• 1:36
  is deflationary. That could compensate for the
• 1:41
  amount of purchasing power that they're losing because they're
• 1:43
  holding Fiat. And this is going to be an
• 1:46
  undeniable fact, which is why I'm so incredibly bullish for
• 1:49
  the next cycle. In 2018, I never forget the One
• 1:53
  of the coping narratives was the institutions are coming.
• 1:57
  That was a lie. The institutions are here.
• 2:01
  And when I'm talking about institutions, I'm talking about
• 2:03
  Franklin Templeton. I'm talking about Fidelity.
• 2:05
  I'm talking about BlackRock. They're all filing for for spot
• 2:10
  Bitcoin ETFs. Now the price pump is due.
• 2:15
  To and I'll read you guys it so I don't butcher it, but it's
• 2:19
  basically due to the iShares Bitcoin Trust apparently being
• 2:25
  listed on the Depository Trust and Clearing Corporation's
• 2:30
  website. Now breaking news, which I'm
• 2:33
  sure people haven't covered this yet because this literally just
• 2:36
  happened. Apparently that ticker has been
• 2:40
  removed from the website. So this morning it was on the
• 2:42
  website, Last night it was on the website, which I feel like
• 2:45
  is a big reason as to why the price pumped the way they did.
• 2:49
  And now it's being removed. But is it being removed because
• 2:52
  it's it's obviously apparent that, you know, a lot of people
• 2:56
  bought the hype, bought the news.
• 2:58
  What is actually going on with the spot Bitcoin ETF And we have
• 3:03
  Hester Pierce. And Hester Pierce is actually,
• 3:07
  she's a she's a commissioner on the SEC.
• 3:11
  Right. And she had some comments
• 3:13
  yesterday on CNNBC in regards specifically on Squawk Box in
• 3:19
  regards to the Bitcoin ETF, right.
• 3:24
  So there's clearly mounting pressure, right?
• 3:27
  We know from various sources whether that's Kathy Wood,
• 3:31
  Caitlin Long, they're all saying it, I mean.
• 3:36
  We we had a suspicion when Nick Carter originally released his
• 3:40
  piece, You know, Operation Choke .2 Point O when Caitlin Long's
• 3:44
  bank got denied the Federal Banking charter when the White
• 3:47
  House was releasing. Like anti Bitcoin rhetoric and
• 3:51
  wording and the reports that they're releasing, the reports
• 3:54
  released by the US Treasury, we came to the inevitable
• 3:58
  conclusion that perhaps this ETF being delayed may be political
• 4:03
  right. And it's awfully suspicious.
• 4:06
  That literally the same month that Caitlin Long's bank got
• 4:09
  denied the federal banking charter to make her competitive
• 4:12
  with other make her competitive with other banks, the Fed now
• 4:16
  was released. So the American version of the
• 4:18
  central bank digital currency. So a lot of coincidences
• 4:21
  happening at the same time. But look, regardless, I don't
• 4:25
  think they're they're going to be able to hold the floodgates
• 4:28
  for that much longer because clearly at this point, you know,
• 4:32
  of course this is my opinion. I can't know this for certain.
• 4:35
  But it sure feels like they're delaying that ETF for political
• 4:40
  reasons. At the same time, yesterday's
• 4:43
  episode, we covered the hoax article that was released by the
• 4:47
  Wall Street Journal, which led Elizabeth Warren and a bunch of
• 4:51
  all the other politicians to put pressure on the White House.
• 4:55
  And then that led to the Fin CEN, which is part of the US
• 4:58
  Treasury to release this insane Bitcoin regulation that they
• 5:03
  have proposed. But it was all based on an on a
• 5:07
  false article released by the Wall Street Journal.
• 5:10
  If you guys want to know more about that, we covered it in
• 5:12
  depth on yesterday's episode. Today's episode, we're going to
• 5:15
  cover exactly what the Fin CEN has proposed.
• 5:19
  All right guys, no more delay. Before we jump into the show, I
• 5:22
  want to introduce my legendary Co host catched him when he's
• 5:26
  sipping his coffee so we know opti's going to be on point
• 5:29
  today. The one, The only Optimus
• 5:31
  fields. How you doing Opti?
• 5:33
  I'm doing wonderful, Nico. What's up everyone?
• 5:36
  Hey, I don't know about you, Nico, but this is not a God
• 5:38
  candle. What is this a pump for ants?
• 5:42
  No. But hey man, it does seem like.
• 5:45
  It pumped 5000 fucking dogs oh. My God $5000 thousand.
• 5:50
  Dollars. Wow.
• 5:51
  Like wow. Nico 100K Candle, 100K Candle.
• 5:55
  You're so you're so jaded and have such PTSD from this bear
• 5:59
  market, we forgot what a bull market feels.
• 6:02
  Completely forgot I was. So hyped.
• 6:04
  I was on the swan spaces last night and I was like, I was
• 6:08
  going hammer. I was like, this is amazing.
• 6:10
  We're back. This is great.
• 6:11
  Yeah, you're right. I forgot.
• 6:13
  What this feel? I'm not gonna lie.
• 6:14
  What this felt like? I forgot what this felt like.
• 6:16
  I'm not gonna lie, guys, I was watching The Price.
• 6:19
  A lot more than I have in a long time.
• 6:22
  I was literally sitting there on like the one minute chart, just
• 6:24
  like watching the bulls and the bears fight.
• 6:26
  And I'm like, all right guys, please, like, are we out?
• 6:28
  Did we finally get out of the crab market?
• 6:30
  I don't know. Well, it's a little retraced.
• 6:33
  It retraced a little bit. But yeah, man, it feels good.
• 6:35
  It feels good to know that we are right once again.
• 6:38
  And the Bitcoin price is going to go up.
• 6:40
  It's going up forever. Laura number will go up, guys, I
• 6:43
  know it's been a long bear market.
• 6:45
  It's been what like? I think I saw it was like 510
• 6:49
  days since we got to these prices again.
• 6:52
  So hey, it feels good. It feels real good.
• 6:55
  But Nico come on man this this is a pump for edge.
• 6:58
  It's only like 3 percent, 5% like it feels good.
• 7:01
  But yeah, you know. Anyways anyways it's it's a no.
• 7:04
  This is this is for all of you new bitcoiners.
• 7:09
  This is not a Bitcoin pump yet. This happens very regularly and.
• 7:16
  I don't know. Remember it used to go like
• 7:18
  2030% in a day. Now what?
• 7:20
  We're excited for 3%, bro. We're so we're so old and jaded.
• 7:24
  We're so old and jaded now. All right, everybody.
• 7:27
  Let's bring up our very special guest, Clay.
• 7:30
  How you doing, buddy? Welcome to the show.
• 7:32
  Yeah. Thanks for having me.
• 7:34
  Fellow Bitcoiner, fellow content creator, Bitcoin artist, which
• 7:38
  we love to highlight on the show.
• 7:40
  Welcome to Clay. Welcome to the show, Opti.
• 7:42
  What are you going to talk about during the culture segment?
• 7:44
  Yeah. So we know you guys out there
• 7:46
  like the initial rabbit hole story, but we will kind of pivot
• 7:50
  that for Clay today to not just the initial rabbit hole story,
• 7:53
  but why he started to make Bitcoin content in the 1st
• 7:56
  place. We'll talk about his project and
• 7:59
  then of course, I think it'll be fitting to talk about the
• 8:01
  importance of creating art or as I like to call it, you know,
• 8:05
  Bitcoin propaganda, so that more people understand why we do what
• 8:09
  we do. So I think you guys want.
• 8:10
  Enjoy this one. And it'll also probably inspire
• 8:12
  you guys to put your hat in the rink and and add to the the
• 8:17
  Bitcoin content game. Because I know, I know.
• 8:21
  We're all Jaden. Like, oh, there's too many
• 8:22
  podcasts, There's too much or whatever.
• 8:23
  But there's no such. There's not enough.
• 8:26
  There's no media. Thing as too many Bitcoin, look,
• 8:29
  we have to get the message out. People resonate with different
• 8:32
  types of content differently. Some people and I love these
• 8:36
  guys, right? Some people like Natalie, some
• 8:38
  people like McCormack, some people like TFT.
• 8:40
  You see, the swan content is fire, right?
• 8:43
  It's all like it's all like what you choose, like you all have.
• 8:47
  Everyone has a personal preference.
• 8:49
  So the more Bitcoin podcasts pop up, right, the more people are
• 8:53
  gonna be able to resonate with their particular cup of tea, so
• 8:57
  to speak. So there's no such thing as too
• 8:59
  many Bitcoin podcasts. This is how we break the Bitcoin
• 9:02
  echo chamber. This is how we get the message
• 9:04
  out. And it's really up to you,
• 9:07
  Bitcoiners. If there's a particular podcast
• 9:10
  that resonates with you, share it with your friends and family,
• 9:13
  right? But it has to be a Bitcoin
• 9:14
  podcast, right? It has to be a Bitcoin podcast.
• 9:16
  All right, everybody, No more delay.
• 9:17
  Let's jump straight into numbers.
• 9:21
  The Bitcoin numbers. Is your Bitcoin and cold storage
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  today. All right guys, at the time of
• 10:52
  recording, the Bitcoin price is 33,890 SATS per dollar, 2951
• 11:00
  block height, 813,645 blocks to having six 26,355.
• 11:09
  Having estimate April 21st, 2024 Total Lightning network capacity
• 11:14
  5227 Bitcoin capacity value 177 million U.S. dollars Realize
• 11:23
  monetary inflation 1.74% Continuing to take Fiat
• 11:27
  currencies to absolute school. The Market capitalization of
• 11:31
  Bitcoin $660 billion of the B Bitcoin verse Gold market Cap 5.
• 11:38
  Percent, the grand scheme of things, Bitcoin is still a tiny
• 11:42
  little baby, all right. We have a lot to cover today,
• 11:45
  right? So everyone is feeling it.
• 11:48
  They're like, OK, is the block, the Black Rock spot Bitcoin ETF
• 11:53
  going to be approved or not? We know there's a tremendous
• 11:57
  amount of pressure on Gary Genzer.
• 12:00
  It's sure looking like they're delaying this for political
• 12:03
  reasons at this point, we know. That the grayscale case was they
• 12:10
  won that case right. So again it's mounting pressure,
• 12:15
  obvious clearly the market is indicating that they want it.
• 12:19
  The largest asset manager in the world, the the chairman, the CEO
• 12:25
  is going on TV basically saying like look, people want a flight,
• 12:30
  they they they're flying to the quality they they want quality
• 12:34
  and of course he was referring. To Bitcoin.
• 12:37
  So how long are they going to be able to delay this?
• 12:40
  Who knows, But I released the poll the other day.
• 12:43
  I asked you guys, when do you think the spot Bitcoin ETF is
• 12:46
  going to be approved? They put 2023-2024, 2025.
• 12:50
  The vast majority of you guys said 2024.
• 12:53
  I don't think they're going to be able to hold the floodgates
• 12:56
  for that long anyways. So this is the reason that the
• 12:59
  price pumped the way it did. Because a lot of people were
• 13:03
  putting the, you know, the pieces together, and this is the
• 13:07
  latest of the latest, so says BlackRock.
• 13:09
  Takes apparent new step in Bitcoin ETF prep.
• 13:13
  The proposed iShares Bitcoin Trust ticker and all is now
• 13:16
  listed on the Depository Trust and Clearing Corporation's
• 13:19
  website. The world's largest asset
• 13:22
  manager continues to prep its proposed Bitcoin ETF as segment
• 13:26
  observers have pointed to potential bullish signs that
• 13:29
  such products will be approved. Blackrock's planned iShares
• 13:33
  Bitcoin Trust is now listed on the Depository Trust and
• 13:36
  Clearing Corporation's website. The plan funds ticker IBTC,
• 13:41
  according to the listing. Bloomberg Intelligence analyst
• 13:44
  Eric Baucunas said Monday that IBTC is the first proposed spot
• 13:50
  Bitcoin ETF listed on DTCCA financial market infrastructure
• 13:55
  giant that processes trillions of dollars in securities
• 13:58
  transactions daily. A DTC subsidiary, National
• 14:05
  Securities Clearing Corporation, has a process for clearing ETF
• 14:09
  that includes, quote, the ability to review the ETFs
• 14:12
  portfolio constituents, which is also used to automate the
• 14:16
  creation and redemption of ETF shares and their subsequent
• 14:19
  settlement. A representative for DTCC did
• 14:23
  not immediately return a request for comment.
• 14:25
  A BlackRock spokesperson said the firm was unable to comment
• 14:29
  due to filing restrictions. The product's listing on DTCC's
• 14:34
  website comes after BlackRock amended its Bitcoin ETF proposal
• 14:38
  on October 18th. Scott Johnson, an associate at
• 14:41
  David's Polk and Wardwell, noted the updated S1 filing included
• 14:46
  a. CUSIP for the product A9
• 14:50
  character code needed to identify a North American
• 14:54
  security for the clearing and settlement of trades.
• 14:57
  The filing also contained language that seed creation
• 15:00
  baskets were to be purchased in October.
• 15:03
  Quote subject to conditions but did not specify a date or
• 15:07
  amount. Goes on to say definitely
• 15:10
  notable. BlackRock is leading charge on
• 15:13
  these logistics that tend to happen just prior to launch.
• 15:17
  Now I suspect that this is literally the reason as to why
• 15:23
  we pumped 35 Ki think people saw this.
• 15:26
  This was posted at basically midday 12/20/26 PM yesterday.
• 15:32
  I suspect this is what a big reason as to why we got this
• 15:37
  crazy news and then start putting the pieces together
• 15:39
  right the week before what really started this run up?
• 15:43
  Was the fake Telegraph coin Telegraph article of which they
• 15:47
  deleted. So like, clearly there's a lot
• 15:49
  of expectation on this on this BlackRock spot Bitcoin ETF.
• 15:53
  Like a lot of people are just waiting on the sidelines.
• 15:59
  You know, either either they're trying to sell the news, right?
• 16:03
  They're trying to load up before the news, or there's a lot of
• 16:06
  institutional interest that otherwise doesn't have access to
• 16:09
  Bitcoin. Is waiting for for you know this
• 16:12
  spot Bitcoin ETF now not to you know burst anyone's bubble, but
• 16:19
  looks like, and this is breaking news by the way, this broke 20
• 16:22
  minutes before we went live. According to Watcher Guru,
• 16:26
  Blackrock's iShares, Bitcoin Trust has been removed from the
• 16:31
  Depository Trust and Clearing Corporation's website.
• 16:34
  And it's not only Walt. It's not only Watcher Guru that
• 16:37
  has reported this. Here is Walter Bloomberg great
• 16:40
  news aggregator account on Twitter and he says unconfirmed
• 16:44
  BlackRock Spot Bitcoin ETF remove from the DTCC website.
• 16:50
  What is going on? I have no idea.
• 16:53
  But this is absolute madness. Now this is the point that I
• 16:57
  wanted to get at. This is the point that I
• 17:00
  emphasized yesterday on the Swan spaces.
• 17:02
  At this moment in time, Michael Saylor's strategy without a
• 17:07
  shadow of a doubt, has proved itself.
• 17:09
  What public company will follow? Here's another Watcher guru
• 17:13
  tweet. Michael Saylor's MicroStrategy
• 17:16
  Bitcoin investment is now at a $745 million unrealized profit.
• 17:23
  Remember all the people that were talking crap about Michael
• 17:27
  Saylor? Remember all the people are
• 17:29
  saying this guy was insane? I remember him.
• 17:32
  Sitting front row at Pacific Bitcoin 2022 bit, the price of
• 17:37
  Bitcoin at that time was sitting at 16 K and he was literally
• 17:42
  just sitting there watching all the speakers talk.
• 17:46
  And mind you at the time this, this, this gentleman, this guy
• 17:49
  Chad Saylor was down billions of dollars and he was just sitting
• 17:53
  there like cool, like he knew what was up.
• 17:56
  At this point, it's no longer a theory.
• 17:58
  It's no longer. Him, you know, talking, talking,
• 18:01
  the talk. You know, making all the
• 18:03
  arguments as to why Bitcoin is superior money while Bitcoin is
• 18:07
  is the asset to hold. Now the facts speak for this,
• 18:13
  speak for themselves. He's almost up a billion dollars
• 18:17
  in unrealized profit. Is he going to sell?
• 18:19
  Of course not. What is there to sell too,
• 18:22
  right? He said this many times.
• 18:23
  This leads me to my last last bit.
• 18:26
  This is Hester Pierce. Hester Pierce.
• 18:30
  Is part of the she's a Commissioner of the SEC.
• 18:34
  She was confirmed by the US Senate on December 21st, 2017,
• 18:38
  sworn in on January 11th, 2018. On August 6th, 2020, the Senate
• 18:44
  confirmed Pierce by voice vote for another five year term
• 18:48
  expiring on June 5th, 2025. She was sworn in on August 17th,
• 18:54
  2020. Now, what's interesting about
• 18:56
  Hester Pierce? Is that she went on Squawk Box
• 18:59
  yesterday and she had some comments to She had some
• 19:02
  comments in regarding to what's going on.
• 19:05
  Let's check it out where you think the state of some of these
• 19:08
  regulations around crypto really stand right now.
• 19:10
  There's been so much speculation even in the past several weeks
• 19:13
  about where a Bitcoin ETF might land.
• 19:16
  There was a moment, as you I'm sure recall, where a report came
• 19:19
  out erroneously. Apparently that one would be
• 19:21
  approved. That would be the the Black Rock
• 19:23
  one, But a view that given some of the things that have happened
• 19:26
  in court recently with the SEC losing, that maybe the SEC is
• 19:29
  now more open to approving one of these types of funds, is it?
• 19:36
  Well, good morning, Andrew. And I can't, I can't say whether
• 19:39
  or not the the Commission is is ready to approve a Bitcoin
• 19:42
  exchange traded product. I've been thinking we should
• 19:43
  approve one for the last five years so that the logic for why
• 19:46
  we haven't has always mystified me.
• 19:48
  The court case obviously is is an important factor in the
• 19:51
  landscape, but I can't guess as to my colleagues approach to
• 19:54
  this topic. But the reason I ask is there's
• 19:57
  a a sort of a speculative fever taking place throughout Wall
• 20:00
  Street and other parts of the crypto world that believe that
• 20:03
  given those court results or those lost, those losses if you
• 20:08
  will or specifically that one loss that it would change the
• 20:11
  thinking of the other commissioners at the SEC.
• 20:14
  You spend time with them, you talk to them.
• 20:16
  Do you see any shift in terms of that type of thinking, just even
• 20:19
  generally speaking? I I really can't speak to what
• 20:23
  we're gonna do on the Bitcoin exchange traded products.
• 20:25
  I can say that generally the agency has not been very good
• 20:28
  when it comes to anything related to Bitcoin or other
• 20:30
  crypto assets. And look, I hope that every day,
• 20:34
  every day I I hope that they'll wake up and they'll think, you
• 20:36
  know what, we need to take a more productive approach.
• 20:38
  That hasn't happened yet, but I'm of course hoping.
• 20:39
  That it will but. So I mean, look, you have an SEC
• 20:44
  commissioner saying that she's perplexed as to why this thing
• 20:47
  has not been approved yet, if like.
• 20:52
  At at this point, like, you know, I don't want to say it,
• 20:56
  but I'm going to say it anyways. Like this is political.
• 20:59
  Like it's political. It's of course it's political.
• 21:02
  We know we know how the current administration feels about about
• 21:06
  Bitcoin. We know how it feels.
• 21:08
  We, we know, you know, we were cut.
• 21:10
  We've covered diligently all the moves made by the Biden
• 21:14
  administration to try to isolate the industry from the rest of
• 21:19
  the financial administration. We know the environmental
• 21:22
  attacks. We know all the the last article
• 21:26
  we read you from the New York Times literally said that a
• 21:28
  mining facility that was like miles away from like a a
• 21:34
  military base was a threat to America's nuclear arsenal.
• 21:38
  I feel like at this point they're just trying to throw
• 21:40
  things at the wall hoping something sticks because yeah,
• 21:45
  like this is, this is, this is absolutely crazy.
• 21:48
  But look. The silver lining is, again,
• 21:51
  can't re emphasize this enough. Michael Saylor's strategy has
• 21:55
  proved itself. It is undeniable he made the
• 21:59
  right move. How many public companies are
• 22:01
  sitting on billions of dollars worth of cash that are literally
• 22:06
  melting like ice cubes and they're looking over and they're
• 22:09
  saying, holy cow, maybe this is a good idea.
• 22:13
  And I think that absolutely terrifies governments.
• 22:17
  I think it puts the fear of God in them because once it's proven
• 22:22
  that not only is Bitcoin superior money, but you can have
• 22:26
  a money that does not have inflation, I think the cat is
• 22:30
  completely out of the bag and I just don't think they'll they'll
• 22:33
  be able to spin it, you know, in my in my opinion anyways, I want
• 22:36
  to get Clay's thoughts and then we'll move on to Opti.
• 22:38
  Well. Obviously, I think everyone
• 22:41
  should just buy Bitcoin straight up.
• 22:42
  If you're a family endowment or a corporation, I can understand
• 22:45
  there's some logistics. But for the overwhelming
• 22:48
  majority of people, who cares about ETFs, Just go get yourself
• 22:52
  some Bitcoin and put it in cold storage.
• 22:55
  That's about it. Beautiful, beautiful, short and
• 22:59
  sweet. Love it.
• 23:00
  All right, Opti, what's your take on all this?
• 23:02
  First curtain agree more with Clay 1st and.
• 23:05
  Foremost, say fuck the ETF guys. Just buy paper.
• 23:08
  Make corn trash man self custody.
• 23:11
  Yeah, look we'll we'll take the pump we'll we'll take the the
• 23:14
  rest of the world waking up to what we probably already know
• 23:17
  but that we just have to rate make sure that the message is
• 23:21
  iShares is for. For somebody else.
• 23:24
  Not for us 100%, not for the plebs.
• 23:28
  I would say it's even a trap. I would say it's a trap.
• 23:31
  Like, I I I would say that it's more convenient for them to have
• 23:36
  all these people buy, you know, this Bitcoin that's gonna be
• 23:40
  centralized. Essentially it's gonna be
• 23:42
  custody. You don't know.
• 23:44
  Caitlyn Long has been screaming from the rooftops and she
• 23:46
  tweeted She's like look, guys like.
• 23:48
  You, you, you guys are getting the upside of what a a spot
• 23:51
  Bitcoin ETF will be. But we're not even talking about
• 23:54
  the rehypothecation, We're not even talking about the paper
• 23:57
  Bitcoin. That's not something that's
• 23:59
  being discussed. That's not even something that's
• 24:01
  being talked about, right. So I completely agree with you
• 24:04
  Clay, right? You know, not your keys, not
• 24:06
  your Bitcoin. If it's not in cold storage,
• 24:09
  you're you're trusting someone else's with with with your
• 24:11
  custody, and that's definitely a bad thing.
• 24:13
  Yeah, I saw a comment just run by about boomers.
• 24:15
  Can't self custody Then help your parents?
• 24:19
  Be 100%. Be the Uncle Jim for that older
• 24:21
  generation and and we'll we'll never give iShares a chance to
• 24:28
  to rehypothecate that we'll hold the Bitcoin.
• 24:32
  All of it will be in cold storage, off exchanges, out of
• 24:35
  the hands of those so-called institutions. 100% and I'm and
• 24:39
  I'm I'm looking at this. Breaking news, the DTC C website
• 24:44
  is down now, so it looks like there's Matt there.
• 24:47
  I'm telling you, there's some crazy stuff going on in the
• 24:51
  background. Even even Opti's ex-girlfriend,
• 24:55
  she's liking the pump. She's liking the Bitcoin pump.
• 24:58
  Anyways, Opti, what's your take on all this?
• 25:00
  Yeah, just to kind of like double down on the Boomer
• 25:02
  comment, you know, shouts out to the Bitcoin boomers out there
• 25:05
  that understand what they're holding.
• 25:06
  But I wouldn't, I wouldn't even say that they don't know how to
• 25:10
  self custody. It's more that they don't want
• 25:12
  to. They're just so familiar with
• 25:14
  the traditional financial world that it's just like, OK, you
• 25:17
  know, trust the experts, trust the financial experts.
• 25:19
  Let them custody my coins, let them custody my stocks and all
• 25:22
  all that stuff. They're just so used to it.
• 25:24
  So it is such a paradigm shift for a lot of people.
• 25:27
  But anyways, as I was going to say the the Hester Pierce video
• 25:30
  it, it really sounded like she wanted to say it's not a matter
• 25:33
  of if, it's a matter of when. And you know everyone's been
• 25:36
  calling her what like the crypto grandma for like a long time
• 25:38
  because she's been super bullish on Bitcoin or rather crypto.
• 25:42
  But we all know that they can't say Bitcoin specifically, they
• 25:44
  got to say crypto. We saw that Larry Fink video
• 25:47
  last week saying that very same thing.
• 25:50
  Anyways, I think what we see happen yesterday and what we've
• 25:54
  been saying for a while is that there is just so much capital
• 25:59
  that is sitting on the sidelines.
• 26:00
  And remember, all these people, for better or worse, they look
• 26:04
  at their peers and like, oh man, bitcoin's so risky.
• 26:07
  No one that I know is investing in Bitcoin.
• 26:09
  And then once you get one official authority saying, like,
• 26:11
  I want to get into Bitcoin, the floodgates are opening up and
• 26:14
  we're seeing this happen. Whether this pump is because of
• 26:19
  investors sitting on the sideline wanting to get their
• 26:21
  capital in the Bitcoin because they see the ticker being
• 26:23
  released, or it's because like I I think I saw something that
• 26:27
  said BlackRock was acquiring COIN ahead of their ETF
• 26:30
  approval, I I'd have to verify exactly that news story.
• 26:33
  It seems like someone out there knows something that is about to
• 26:37
  happen and they're stacking Bitcoin, which is what we've
• 26:39
  been saying for a long time. You know, the the bear market's
• 26:42
  been pretty brutal in in most regards, but it's been an
• 26:45
  opportunity for the average person to get a sizable chunk of
• 26:49
  Bitcoin and now it's not the time to take your foot off the
• 26:51
  gas. I know most people like to only
• 26:54
  stack Bitcoin when they see the price going up, which is just
• 26:58
  human psychology. It just, it is what it is.
• 27:00
  And Nico you've you've constantly been touching on the
• 27:03
  idea up sailor on an institutional level being proved
• 27:07
  right and that's awesome. Obviously love to see it.
• 27:10
  Obviously we've been covering it for a while.
• 27:13
  We did that show back I I don't know a couple months ago about
• 27:16
  like Apple holding what like trillion dollar and they have
• 27:21
  billions of dollars in Fiat just sitting there literally melting
• 27:24
  ice cubes. So there is a lot of
• 27:26
  corporations out there that are starting to see the writing on
• 27:29
  the wall. But the most important part for
• 27:32
  me, since I'm just an average guide, I'm not a part of a
• 27:35
  corporation, is the fact that we saw that after yesterday's pump,
• 27:39
  all the DCA Ers out there, every one of you guys that are part of
• 27:42
  the DCA army are all finally in the green.
• 27:45
  So have you been following the strategy of just constantly
• 27:47
  buying Bitcoin every single week or every single day, every
• 27:51
  single hour? Whatever you set up your DCA
• 27:53
  program, your dollar cost averaging set up, you are
• 27:57
  finally in the green. So welcome to a Bitcoin bull
• 28:00
  run. Welcome to a Bitcoin pump.
• 28:02
  And it just goes to show that the process works.
• 28:05
  You know, the blueprint works. If you are buying Bitcoin
• 28:07
  constantly, it is the safest, the most riskless way to get
• 28:12
  exposure to Bitcoin. But if you're like me and you
• 28:15
  have a very, you know, high risk tolerance, I capitulate my Fiat
• 28:19
  instantly whenever I get it. I just go all in on Bitcoin.
• 28:22
  But not everyone's like me. But to your point of Sailor not
• 28:26
  being worried at 2022 conference, if you know why you
• 28:30
  Hoddle, then you're not really concerned about this.
• 28:33
  Yes, we're seeing a lot of fun come out.
• 28:35
  Yes, we're seeing a lot of hate in regards to Bitcoin.
• 28:38
  You know it's going to be rolled out even more.
• 28:40
  We're seeing politicians and bankers all trying to roll out
• 28:43
  their own CBDC system. They're all doing their best to
• 28:45
  gaslight the individual out there.
• 28:47
  But if you know why you are huddling Bitcoin, then none of
• 28:51
  this concerns you. Because you understand that the
• 28:55
  Bitcoin network works, that honey badger doesn't care.
• 28:57
  TikTok next block and you are just playing a game of
• 29:00
  accumulation. So shouts out to every single
• 29:03
  one of you guys. That's been along the journey
• 29:05
  with us this last year or two and is constantly stacking and
• 29:08
  shouts out to the new people that are starting to wake up
• 29:11
  because the game happens every single time.
• 29:14
  If this is your first cycle, it's always the same cycle guys.
• 29:18
  As the price starts pumping, more and more people start to
• 29:21
  catch that FOMO bug and they start to learn about Bitcoin.
• 29:24
  And here we are. We're at the very beginning of
• 29:26
  it and we can see from our numbers just on YouTube that
• 29:30
  once the price starts pumping, more people join the show.
• 29:33
  And so it's just going to, this is just going to be a positive
• 29:36
  feedback loop. As the price goes up, more
• 29:39
  people are going to wake up to oh wait, you know I would like
• 29:42
  some money too. You know everyone likes money
• 29:44
  and price go up whether you agree or not.
• 29:47
  Number go up is very important guys.
• 29:49
  So of course we constantly double down on the fundamentals
• 29:54
  of Bitcoin. 21 million hard caps, censorship resistant
• 29:56
  money, a digital money for a digital world, something that
• 29:59
  stores your value through time and space, literally being able
• 30:03
  to send money across the globe instantly basically or rather 10
• 30:06
  minute settlement if you're if you're not using lightning.
• 30:09
  And so these are the fundamental catalysts to why Bitcoin is
• 30:14
  going to continue to dominate. But of course I say it all the
• 30:18
  time. The Bitcoin price is a real time
• 30:20
  metric of people's understanding of Bitcoin.
• 30:22
  First, it happens with the FOMO bug, and then once you get into
• 30:26
  Bitcoin, you start to understand why you're holding Bitcoin.
• 30:29
  Questions. You start asking questions about
• 30:31
  what and it's a positive feedback loop.
• 30:33
  So here we are guys, this I I've been saying it for a while and I
• 30:37
  I know it's early and I've, I've already warned you guys I'm
• 30:40
  going to start getting stupidly bullish more and more bullish
• 30:43
  every single day. But it does seem like this bull
• 30:47
  run is going to be set up to be a very magnificent bull run.
• 30:51
  And I know we're trying to be conservative.
• 30:53
  We really do our best to avoid speculating on the price.
• 30:56
  But I'm. I'm really convinced that all of
• 30:59
  us Bitcoiners, you know, we're trying to be conservative.
• 31:01
  We have PTSD from the last bull run.
• 31:03
  But I really do think it's it's going, it's going to blow
• 31:06
  people's mind because we've never seen the amount of capital
• 31:10
  on the sidelines that's going to get unloaded into Bitcoin.
• 31:14
  And with that's going to come even more people and more
• 31:17
  attention. And that is the feedback loop.
• 31:19
  More capital goes into Bitcoin, price goes up, more attention
• 31:22
  and more users adopt Bitcoin and then we get more merchants
• 31:26
  adopting Bitcoin. And it's like I don't wanna say
• 31:28
  super cycle but hey let's get stupidly bullish.
• 31:31
  I think it's gonna be a great great bull run.
• 31:33
  And and we're gonna, we're gonna be seeing for the next year it's
• 31:36
  gonna be that that slow grind up.
• 31:38
  You know it's gonna do the grind wait this way the grind up it's
• 31:40
  gonna come back you know and we're just gonna start to
• 31:43
  consolidate. It's just gonna be a grind guys.
• 31:45
  Yeah, it's gonna be. Yeah.
• 31:46
  Wait, which way? Wait, no, it's.
• 31:48
  Going to be like a heartbeat. I can't do it like a heartbeat.
• 31:51
  Like a heartbeat. Anyway, it's going to be a good
• 31:53
  one. If you're enjoying the show,
• 31:55
  make sure to smash that like button.
• 31:56
  We appreciate you all watching us from Twitter and Rumble.
• 31:59
  If you guys don't find us on YouTube for whatever reason,
• 32:01
  check us. Find us on alternative video
• 32:04
  platforms like x.com, Like Rumble, we appreciate all our
• 32:07
  Rumble viewers. We got 57 of you watching over
• 32:10
  on Rumble. Of course we appreciate YouTube
• 32:12
  viewers as well. If you guys are enjoying the
• 32:14
  show, make sure to smash that like button.
• 32:16
  Really helps with the alga. Goes.
• 32:18
  But before we get on to the news, I wanna give a shout out
• 32:21
  to our sponsor, Bitcoin 2024. It's gonna be the largest
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  discounted tickets. All right everybody, let's get
• 33:21
  to the news. We got a lot to talk about
• 33:22
  today. Let's check it out.
• 33:27
  The Daily News I want to give a shout out to our sponsor,
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• 34:55
  Nico before, before you go on to the news guys, right now is the
• 34:57
  time to secure your cold storage like the price is running.
• 35:02
  You're probably feeling you're like, oh man, is my cold storage
• 35:05
  secured. If you don't have a hardware
• 35:07
  wallet, maybe you're coins are on a mobile wallet, Maybe
• 35:10
  they're still on an exchange. Do that process now because you
• 35:13
  do not want to be sitting here when Bitcoin hits like 100K and
• 35:16
  not knowing how to access your Bitcoin.
• 35:18
  Right now is the time to make sure everything is backed up.
• 35:21
  It is still kind of calm before the craziness.
• 35:24
  Now is the time. So, you know, be prepared guys.
• 35:28
  100% and you can check the link down in the video description or
• 35:32
  the podcast description and you'll see a link to.
• 35:35
  The Foundation Devices website where you can get yourself a
• 35:37
  passport, Bitcoin only hardware wallet.
• 35:40
  All right everybody, so let's talk about what happened
• 35:42
  yesterday as a follow up. This was such a huge story that
• 35:46
  this is a follow up to yesterday, right?
• 35:49
  So yesterday we covered the fact that the Wall Street Journal
• 35:52
  released an article based on false data.
• 35:57
  That led to Elizabeth Warren and a lot of other politicians
• 36:00
  writing a letter to the White House which led Fencen, which is
• 36:04
  part of the US Treasury, to propose crazy, insane special
• 36:11
  measures on Bitcoin. We now know that that article
• 36:14
  was false and the thing that they accused Bitcoin of doing,
• 36:19
  which was sending money to Hamas and sending money to other
• 36:23
  terrorist organizations. It looks like I'm not even going
• 36:27
  to get down that route, but let's just say let's I'm just
• 36:30
  going to bring it up. Projection, projection,
• 36:33
  Projection. Anyways guys, so let's talk
• 36:36
  about the FIN CEN and what they're proposing.
• 36:39
  So shout out to Bitcoin Magazine for submarine and summarizing
• 36:43
  it. And this article was written by
• 36:46
  hardcore bitcoiners Shinobi. So anyways, yesterday's FIN CEN
• 36:50
  rule proposal is incredibly over broad.
• 36:52
  Comprehensive. And perfectly designed to allow
• 36:55
  arbitrary information collection at any scope they choose to
• 36:59
  enforce. It truly is a mind blowing,
• 37:02
  large grab, large grab, attempt at private information of anyone
• 37:07
  they can get their hands on. They want all regulated
• 37:10
  entities, Vasps, banks, financial institutions.
• 37:15
  Or entities like casinos etcetera to by default submit
• 37:19
  reports of any transactions interacting with mixing within
• 37:24
  30 days of noticing the relevant transaction and its association
• 37:28
  to mixing activity. Currently, most exchanges and
• 37:31
  businesses keep these records anyway, but they do not by
• 37:35
  default send copies of them to regulators unless deeper
• 37:39
  inspection actually merits a reason to do so.
• 37:42
  Vincent wants to change, wants that to change.
• 37:45
  To really get a sense for the scope of things, the first thing
• 37:49
  to look at is the definitions of mixing provided in the proposal.
• 37:53
  Obviously the act of mixing is is obscuring the source of
• 37:58
  funds, but the specific technical definitions they give
• 38:02
  for what falls under the definition of mixing are
• 38:05
  incredibly broad when looked at together.
• 38:08
  Let's go through them. And before we get to that,
• 38:10
  remember everyone, OK where you have to remember what led to Fin
• 38:16
  Cen introducing these insane proposals.
• 38:22
  It was a fake article by the Wall Street Journal and a lot, I
• 38:28
  know a lot of people were saying they just got it wrong.
• 38:31
  They're going to offer a correction.
• 38:32
  The damage is done right. Back in the 2000s when the when
• 38:37
  the New York Times released that weapons that Iraq had weapons of
• 38:40
  mass destruction and that was a huge motivation to invade Iraq
• 38:44
  because they supposedly had weapons of mass destruction,
• 38:47
  There were no weapons of mass destruction.
• 38:49
  The damage was already done. Now it was released after the
• 38:53
  fact that it was actually intelligence agencies that were
• 38:56
  feeding this information to the New York Times reporter that at
• 39:00
  the time got a Pulitzer Prize. But again.
• 39:04
  The damage was already done, right?
• 39:07
  So forgive me if I don't believe that the Wall Street Journal
• 39:14
  conveniently got it wrong. Instead of the $80 million that
• 39:21
  they said was supposedly, you know, funded, funded terrorism
• 39:24
  through through quote UN quote, crypto, the real number was
• 39:29
  around 450,000. And if you compare and contrast
• 39:33
  that with U.S. dollars, right, which is the currency of choice,
• 39:39
  it's a tiny, tiny, tiny little sliver.
• 39:42
  So why is it that they're so hell bent on Bitcoin?
• 39:47
  Well, obviously it's because it's out of their control.
• 39:51
  Obviously it's a threat to their ability to create money for free
• 39:56
  that everyone else has to work for anyways.
• 40:00
  Goes on to say, so these are a couple of the reasons.
• 40:02
  Pooling or aggregating funds from multiple persons, wallets,
• 40:06
  addresses or accounts. So that isn't necessarily
• 40:10
  mixing. If you have a collaborative
• 40:12
  custody wallet, right. Let's say you're running a
• 40:17
  company, right, And that company is two of three, yeah, but
• 40:21
  you're on a two of three multi sig wallet, right.
• 40:25
  Guess what? All of a sudden you have to
• 40:29
  report on that wallet. That's that's pulling or
• 40:32
  aggregating from multiple persons, right?
• 40:36
  You can see how broad this is. Shinobi hit the nail on the
• 40:38
  head. This is completely broad.
• 40:39
  This has nothing to do with mixing, right?
• 40:43
  They always need a straw man. They always need a
• 40:46
  justification. But pay attention to the words
• 40:49
  they're using anyways. This encompasses so many
• 40:52
  different activities other than a traditional custodial mixing
• 40:55
  service, lightning channels, that is multiple persons pulling
• 41:00
  and aggregating funds together. Multi sig wallets held by
• 41:03
  multiple people in general are doing the same thing, just
• 41:06
  combining a recent withdrawal from Coinbase with coins you had
• 41:11
  from Kraken. From the point of view of both
• 41:13
  exchanges is pooling funds from multiple addresses according to
• 41:17
  the language of this proposal, something that just happened on
• 41:20
  a regular basis in the normal course of using Bitcoin with no
• 41:23
  attempt whatsoever to to obscure or render private anything about
• 41:28
  the activity fits into the definition of mixing.
• 41:32
  What is the 4th amendment? No unreasonable search and
• 41:35
  seizure like this is so insane. But of course this is this is
• 41:40
  what this is the separation of money in state.
• 41:43
  You would expect this. You would expect to do this.
• 41:46
  You would expect them to find every justification possible in
• 41:52
  order to stop the adoption of Bitcoin, goes on to say, quote,
• 41:59
  using programmatic or algorithmic code to coordinate,
• 42:03
  manage, or manipulate the structure of a transaction.
• 42:06
  Again, that completely covers the Lightning Network.
• 42:10
  Coin join falls into this definition.
• 42:12
  In fact, you know what? This is so ridiculously and
• 42:14
  absurdly abroad broad it doesn't even specify manipulating the
• 42:18
  structure of a transaction to to attain obfuscation of the source
• 42:22
  of funds that this literally encompasses any piece of Bitcoin
• 42:27
  software that handles making and signing transactions. 100% of
• 42:31
  the transaction activity on the Bitcoin blockchain out of sheer
• 42:36
  logical necessity fits this definition of mixing.
• 42:39
  Is that by accident? Look at the series of events.
• 42:44
  OK, Wall Street Journal article that turned out to be ho to a
• 42:48
  hoax. Politicians, including Elizabeth
• 42:51
  Warren that we know that she's hell bent on destroying Bitcoin,
• 42:55
  use that article as a reference to send a letter to the White
• 42:59
  House. We know how the White House
• 43:01
  feels about Bitcoin. And then the White House tapped
• 43:04
  on Fencen, which is part of the US Treasury, to propose this.
• 43:10
  At what point do you say this is not, excuse my language, fucking
• 43:14
  political? This is 100% political.
• 43:17
  They know exactly what they're doing anyways, goes on to say,
• 43:22
  quote splitting funds for transmittal and transmitting the
• 43:25
  funds through a series of independent transactions.
• 43:28
  This is also incredibly broad. How are legitimate, independent
• 43:32
  transactions between the same parties to be distinguished from
• 43:36
  a single transaction split into many obfuscation purposes?
• 43:41
  What about situations where that is a perfectly legitimate thing
• 43:45
  for no reason other than your personal privacy?
• 43:47
  What if I only have three different UTX OS that three
• 43:51
  separate people know about, and I don't want to reveal to all
• 43:54
  three of them my payment history with the other two in order to
• 43:57
  make a payment requiring all three UTX OS.
• 44:00
  This opening, multiple independent lightning lightning
• 44:03
  channels with the same node constitute this, creating and
• 44:06
  using single use wallets, addresses or accounts, and
• 44:10
  sending through such wallets, addresses or accounts through a
• 44:13
  series of independent transactions.
• 44:15
  So default behavior of the supermajority of Bitcoin wallets
• 44:19
  not reusing addresses constitutes mixing.
• 44:24
  You see what they're doing, Creating, that's your Bitcoin
• 44:28
  wallet does that by default. You see what they're doing.
• 44:33
  They used a tragedy that was happening in the Middle East to
• 44:38
  release a fake news article using legacy media which led to
• 44:44
  Elizabeth Warren writing a letter which led to the White
• 44:49
  House to conveniently tap on the US Treasury.
• 44:51
  Even though we know how they feel about Bitcoin based on all
• 44:54
  the writing that was released in the past year, which inevitably
• 44:58
  led to this proposal like this is insanity.
• 45:06
  This has nothing to do with mixing, creating and using
• 45:10
  single use wallets, addresses or accounts.
• 45:13
  Bitcoin does that by default. Every time you use an address,
• 45:19
  your Bitcoin wallet will give you a new address.
• 45:22
  So is that considered a single use wallet?
• 45:27
  I'm not even going to go through the rest of it because I'm sure
• 45:29
  you guys have gotten the point by now.
• 45:31
  This is insane. You have the chance, by the way,
• 45:35
  to comment on these proposed regulations by the way, and I
• 45:39
  and I definitely think you should.
• 45:41
  You should make a color within the lines.
• 45:44
  Make your thoughts known. This is insane.
• 45:48
  This is absolutely insane. This, ladies and gentlemen, is
• 45:51
  an attack on Bitcoin. That's what it is.
• 45:56
  They hate this thing. They want it to go away.
• 45:59
  A Bitcoin and a central bank digital currency are not
• 46:03
  compatible. They will not get along very
• 46:06
  well. People will always flock to
• 46:09
  Bitcoin if they have a choice between something that is
• 46:12
  censored, controlled, has inflation built in.
• 46:15
  If you were to believe that other guy expiration dates and
• 46:19
  something that you completely control you take self custody
• 46:23
  of, you have set it's censorship resistant, it's deflationary,
• 46:26
  meaning it's purchasing power increases over time.
• 46:29
  What do you think people are going to choose?
• 46:36
  I don't know. I'll let you guys be the judge.
• 46:38
  It's incredibly obvious, though, like this is this is insane to
• 46:42
  me. And again, like I know I quote
• 46:46
  this book so much. But again, they hit the nail on
• 46:51
  the head. The one of the passages from the
• 46:53
  book, the sovereign individual businesses that offer services
• 46:57
  that facilitate the realization of autonomy by individuals will
• 47:00
  be subject to infiltration, sabotage, and disruption.
• 47:03
  Governments will violate human rights, censor the free flow of
• 47:06
  information, sabotage, useful technologies, and worse.
• 47:10
  Why? Because they're they're losing
• 47:12
  their monopoly on the control of money, and they hate that.
• 47:16
  That's how they pay for themselves.
• 47:18
  That's how they pay for the deficit spending.
• 47:21
  That's how they pay for the money that they can't afford to
• 47:24
  be spending. That's how they do it.
• 47:27
  And what Bitcoin is. It's a clear and present danger
• 47:30
  to that. And it and it terrifies them.
• 47:34
  It absolutely terrifies them. So these types of responses,
• 47:38
  they just keep upping the bar and they're they're trying to
• 47:41
  see what they can get away with, what they can normalize what is
• 47:46
  OK. Remember when the Bank Secrecy
• 47:48
  Act was passed back in the 1970s?
• 47:51
  Had that $10,000 limit. If you adjust for inflation,
• 47:55
  that is actually 70 to $80,000 today.
• 47:58
  But when they passed that law, people were like, oh, it's 7080
• 48:01
  grand, that that makes sense. The number stayed the same.
• 48:04
  Remember, in one of the bills that the Biden administration
• 48:09
  tried to pass when they had control of the house, it
• 48:12
  included basically reporting $600.00 transactions.
• 48:17
  Every $600.00 transaction was to be reported, so it started off
• 48:22
  with 70 grand if you adjust for inflation versus purchasing
• 48:25
  power. And Fast forward it's down to
• 48:28
  600 and Fast forward. Look at the type of language
• 48:32
  that they're trying to introduce under the false guise that they
• 48:37
  this is needed to be introduced and needed to be passed or
• 48:41
  terrorism. Even though the original article
• 48:45
  turned out to be fake, I don't think it was fake.
• 48:48
  I think they did it on purpose. Anyways, Opti, what's your take
• 48:52
  on this? And we'll move on to Clay.
• 48:55
  Yeah, so first and foremost, privacy is not a crime.
• 49:00
  And I find it very ironic that the FinCEN, which is what's
• 49:06
  what's it stand for again, Financial Crimes Enforcement
• 49:09
  Network is trying to paint us all as criminals.
• 49:13
  We've been saying this for a while.
• 49:14
  They'll use that low hanging fruit for as long as it still
• 49:17
  has some weight to it. And of course, we know we've
• 49:20
  done the research, we brought the receipts.
• 49:22
  Most crimes are done with dollars and that's a totally
• 49:25
  different combo. And we've also brought up the
• 49:29
  the results or the receipts on just how little quote UN quote
• 49:34
  crimes are being used with Bitcoin.
• 49:36
  I believe, if I remember it was like .02% of all of the
• 49:40
  transaction, which is obviously negligible and it really just
• 49:44
  reminds me of. The constant flood we get around
• 49:47
  Bitcoin about the gaslighting people that don't understand
• 49:51
  what's going on in the network and it's just such an alien
• 49:53
  technology. It's such a new thing that of
• 49:55
  course the bureaucrats and the politicians and the bankers are
• 49:59
  going to be absolutely terrified of change.
• 50:01
  Especially when we know as bitcoiners that this is the
• 50:04
  separation of money in state and we are taking away the power of
• 50:08
  the money printer. We all know that it all boils
• 50:11
  down to the money. And of course.
• 50:13
  If they feel threatened, they're going to use whatever power,
• 50:16
  whatever tool they can to try to stop Bitcoin.
• 50:19
  But of course Honey Badger doesn't care.
• 50:21
  TikTok, next block, all that good stuff.
• 50:23
  But my point, and I've been saying this for a minute, is
• 50:28
  just how computer illiterate these people are.
• 50:31
  Like, they don't even understand what they're trying to regulate
• 50:35
  and yet they're trying to pass more laws like that is the the
• 50:38
  first red flag going on? And shout out to Shinobi for for
• 50:41
  breaking it down so much like. They literally don't know how
• 50:44
  this works and yet they're trying to pass new laws to
• 50:47
  protect the citizens out there. It's like, what what's the
• 50:50
  saying? Like, you know, like shoot
• 50:51
  yourself in the foot to like help help, like protect
• 50:54
  yourself. It's just like, OK, it it really
• 50:57
  just blows my mind that these geriatric class is trying to
• 51:02
  stop technology when they don't even understand what the
• 51:05
  technology does. It's just a knee jerk reaction
• 51:08
  because it is scary. Like it is a new thing.
• 51:11
  It's going to change things. And they always roll this out.
• 51:14
  It's like, oh, we're here to protect you.
• 51:15
  You know, we don't want to change.
• 51:17
  Like, just just be OK with the with the world we've created for
• 51:20
  you. It's so good.
• 51:21
  And it's like, look, Bitcoin is going to fundamentally change
• 51:25
  everything about not only the laws, but the world.
• 51:28
  And you can see in their very writing that they don't
• 51:30
  understand how this technology works.
• 51:32
  You can't put this square peg into the round hole that is
• 51:36
  traditional laws and rules. And we always say, you know,
• 51:39
  Bitcoin changes you. You don't change Bitcoin.
• 51:42
  And so they're going to do whatever they can to hamper
• 51:43
  Bitcoin adoption. They're going to try to figure
• 51:46
  out how to morph the old laws to fix and fit onto Bitcoin.
• 51:50
  But it's just not going to work. Like things are going to
• 51:53
  fundamentally change, because Bitcoin is just that different
• 51:56
  in a good way. And it's just it.
• 51:58
  Really it's. Kind of hilarious just seeing
• 52:01
  them, they don't understand how computers work let alone how
• 52:04
  Bitcoin works and yet they're trying to pass laws to protect
• 52:07
  citizens. It's like first and foremost
• 52:08
  understand what the hell you're talking about and then maybe
• 52:11
  even try to pass something and and obviously as a bitcoiner I
• 52:15
  would be like look it's not going to work but like hey you
• 52:19
  can try. I you know it it it wouldn't
• 52:22
  hurt for you to try. It actually would make Bitcoin
• 52:24
  better. Bitcoin is anti fragile and.
• 52:27
  You know, as much as we want to have a mellow transition as a
• 52:30
  bitcoiner, I think these attacks are good for Bitcoin because it
• 52:33
  just proved how strong Bitcoin is.
• 52:35
  It just proved how decentralized Bitcoin is.
• 52:37
  It just proved how unstoppable Bitcoin is and it just proves
• 52:40
  that everything will fundamentally have to change
• 52:42
  because Bitcoin is here and it's not going to be stopped.
• 52:45
  Like no amount of boomers writing things on paper is going
• 52:48
  to stop Bitcoin adoption, and especially Bitcoin is a global
• 52:53
  thing. Like, you know, the US can try
• 52:56
  to do whatever they can to stop Bitcoin entrepreneurs, to stop
• 52:59
  people saving in Bitcoin. But hey, there's countries in
• 53:02
  the world that Bitcoin is already legal tender.
• 53:05
  Like the cat is out of the bag. There's no amount of paperwork
• 53:08
  that is going to stop Bitcoin. And first and foremost, or
• 53:11
  lastly, my last point, Bitcoin is just code like this is a
• 53:16
  freedom of speech. You know, problem here or or I'm
• 53:22
  I'm blanking on what the right word is.
• 53:23
  But like, this is a freedom of speech issue, guys.
• 53:26
  Bitcoin is simply code. It is letters and numbers.
• 53:30
  It is software. We've seen in the past, in the
• 53:32
  cypherpunk wars of the 90s that they cannot stop you from using
• 53:36
  software. It is just software.
• 53:38
  Guys. Like all this stuff is
• 53:40
  irrelevant because it is words. It is code.
• 53:43
  They can't stop Bitcoin. They're going to figure out
• 53:45
  whatever way they can to try to stop the adoption of Bitcoin.
• 53:48
  But Bitcoin is so alien to tradify and and traditional
• 53:51
  rules that they just don't know how to contain it.
• 53:54
  They don't know what to do here. They're panicking and it just
• 53:57
  shows that they have lost control and they're and they're
• 53:59
  trying to figure out ways to claw it back.
• 54:01
  But hey, you know, TikTok, next block, honey badger, don't care.
• 54:04
  Bitcoin adoption is happening in real time.
• 54:06
  It's a global phenomenon. Can't ban Bitcoin.
• 54:09
  You can only ban ban yourself from Bitcoin.
• 54:11
  Like you can't stop this train from happening.
• 54:13
  So it's either adopt to the new technology or get left behind.
• 54:17
  And it seems like a lot of the boomers in power are going to
• 54:19
  get left behind and I would say this is a feature, not a bug.
• 54:22
  Anyways, Clay, what's your? Thoughts.
• 54:24
  Well, I to the coordinated nature of it, the way the, the
• 54:26
  news article and then all of a sudden we've got FIN CEN
• 54:31
  legislation ready to go these guys it that strikes me as just
• 54:36
  an absolute. Tell that they were just looking
• 54:40
  for a way to dot dot dot put this stuff out there and
• 54:45
  frustrating that while that's the political realm, I tend to
• 54:49
  not spend too much time there. But the other idea of the
• 54:52
  $10,000 or the $600.00 and those those numbers never changing
• 54:57
  with inflationary currency. I mean your grocery bill is
• 55:00
  going to be $600.00 before long. Now you have to report that to
• 55:03
  somebody. We we have.
• 55:06
  They are desperate. I feel like they're even
• 55:08
  desperate now trying to keep this ticker symbol from whatever
• 55:12
  website that was that They are fumbling the ball and
• 55:16
  bitcoiners. You know, we huddle and we
• 55:18
  huddle strong, 100% bitcoiners. We huddle and we huddle strong.
• 55:23
  I think. I think that was.
• 55:25
  I think, I think that was the cherry on top.
• 55:27
  Anyways, everybody, before we move on to the culture, I want
• 55:31
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• 56:19
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• 56:50
  Well, the audience out there really enjoys the rabbit hole
• 56:54
  stories of how you became a bitcoiner, but let's pivot that
• 56:58
  into you becoming a Bitcoin content creator as well.
• 57:02
  Well, yeah, I guess I I had learned about Bitcoin far enough
• 57:06
  back where there was a website called BTC-E and and I just put
• 57:11
  a little bit of money in, maybe as a as a new asset Class, A
• 57:15
  genuine curiosity, and kind of forgot about it.
• 57:19
  And then when I remembered it I went back and and had seen that
• 57:24
  the money had 10X. Not enough.
• 57:27
  Not enough to make any real difference.
• 57:29
  But I withdrew it and not a week later that website was raided by
• 57:33
  the feds. It was run out of Bulgaria and
• 57:36
  Needless to say that was a wake up call with what in the world
• 57:39
  am I participating in? And it was also now, that's now
• 57:43
  2017 and the block sized wars and and trying to find the
• 57:48
  signal and the noise. Was was hard.
• 57:51
  Well there weren't as many quality resources like there are
• 57:54
  today. And I guess I just dove in and
• 57:57
  and we survived the block sized wars tried to get my head around
• 58:01
  all the things that are Bitcoin and then I guess I had the
• 58:05
  confidence at that point to continue dollar cost averaging.
• 58:09
  Shout out to all those DCA Ers and.
• 58:13
  Now let's flash forward to maybe earlier this year or late last
• 58:16
  year when I think I was sufficiently capable to explore
• 58:23
  or to understand Bitcoin to explain Bitcoin.
• 58:25
  I I was trying to orange peel people, and I felt like there
• 58:30
  was a kind of constant echo among all the podcasts I was
• 58:34
  listening to to to do something that we all can do something.
• 58:38
  The orange peeling is terrific at a dinner table, if you want
• 58:41
  to be that guy. But I wanted to make something a
• 58:44
  little more concrete, and because my background is as a
• 58:47
  photographer, I thought, why don't I explore the world of
• 58:51
  Bitcoin art and artists who are inspired by Bitcoin and their
• 58:56
  particular voices, I think are super important because I think
• 58:59
  art is how the culture is propelled forward.
• 59:02
  If you just look out at the world, there's kind of.
• 59:05
  Two basic museums, the Natural History Museum with the armor
• 59:09
  and the history of wars and dinosaurs and art museums.
• 59:12
  And I feel like if this is the beginning of a renaissance, two
• 59:15
  point OI wanted to start to bring together and hear the
• 59:18
  voices of the artists who are gonna take us there and and you
• 59:22
  said something. You kind of buried the lead
• 59:23
  there for a little bit and I and I really wanna wanna double down
• 59:27
  on that. You mentioned the importance of
• 59:29
  culture, and this is something that we brought up on
• 59:32
  yesterday's show. Politics is downstream from
• 59:37
  culture. If you win the culture, you win.
• 59:40
  You win by default, right? So culture in itself is
• 59:44
  extremely important, right? It's one of the one of the most
• 59:49
  effective ways of orange peeling people, in my experience, is not
• 59:54
  necessarily approaching them head on, right?
• 59:58
  Is there a piece of art that they like?
• 1:00:00
  Is there a piece of music that they like?
• 1:00:03
  Is there something that resonates with them that isn't
• 1:00:05
  like a direct, like let me take an orange pill and
• 1:00:08
  metaphorically shove it down your throat type of thing.
• 1:00:11
  It's something like, oh wow, you know, this beautiful piece of
• 1:00:16
  art or this beautiful piece of music or, you know, this thing
• 1:00:19
  led me to discovering the Orange Pill and me taking it by myself,
• 1:00:24
  right. So I agree 100%.
• 1:00:27
  Culture is extremely, extremely important.
• 1:00:31
  Hopefully one day, you know, when everything is said and
• 1:00:34
  done, of course we do this legally, You know, we do this
• 1:00:37
  the right way. But hopefully the Federal
• 1:00:39
  Reserve will become a museum, you know, So hopefully we get
• 1:00:45
  there one day, we end the Fed. And yeah, But anyway, I just
• 1:00:50
  wanted to kind of hijack the conversation because that thing
• 1:00:53
  that you said about culture is just so, so important.
• 1:00:56
  Well, maybe we maybe we swap simply bitcoin's lineup and we
• 1:00:59
  start with culture, Put it first.
• 1:01:01
  Nico, what's happening here? We do we do it.
• 1:01:03
  Sometimes we do it sometimes all the time.
• 1:01:06
  We're we're we're we we we don't mind switching things around on
• 1:01:10
  the fly. So, so anyways, Opti.
• 1:01:14
  Yeah, yeah. So Clay, before I get into your
• 1:01:16
  project though. I think it's very important and
• 1:01:21
  they're touching on a a bunch of different themes that we always
• 1:01:24
  talk about is you know we always say that there's not enough
• 1:01:27
  Bitcoin only content and I remember getting into Bitcoin in
• 1:01:29
  2017 as well and the amount of shit coin content that I had to
• 1:01:34
  go through to figure out the real signal it.
• 1:01:37
  You know, I would I would have more Bitcoin now if I didn't
• 1:01:39
  have to go through that and that's just like a testament to
• 1:01:40
  everyone out there that is making the Bitcoin content and
• 1:01:44
  doubling down on it and. I think the other thing that I
• 1:01:48
  want to kind of touch on, and I, and I'd like to just have you
• 1:01:51
  add on this, is the idea that you don't have to be like a
• 1:01:54
  developer. You don't have to be a Bitcoin
• 1:01:56
  miner. You know, you, you don't
• 1:01:58
  necessarily even have to do a podcast.
• 1:01:59
  It's just like do what you're good at, do what you're
• 1:02:01
  interested in and then connect that with Bitcoin and share that
• 1:02:05
  with the world. And I think you're a perfect
• 1:02:07
  example of that. Yeah, now as a photographer, my
• 1:02:11
  particular art hasn't matured into the place of making Bitcoin
• 1:02:14
  photography. And knowing that, I realized
• 1:02:17
  that, let me give voice to the artists who are making Bitcoin
• 1:02:21
  art. And I'm not talking about NFTS.
• 1:02:23
  I'm talking about art that is deeply inspired by their
• 1:02:26
  understanding of Bitcoin. That is maybe propaganda, deeply
• 1:02:31
  aesthetic, low time preference in the terms of, say, brekkie
• 1:02:35
  making marble sculptures. That to me was my wheelhouse.
• 1:02:40
  To have conversations and to bring those voices forward,
• 1:02:44
  talking to another artist. And I think that's that's a
• 1:02:48
  place that's that felt right for me.
• 1:02:51
  The pic, sorry, the podcast is called The Bitcoin Muse, so
• 1:02:55
  people can go out there and listen to it.
• 1:02:57
  We've got 22 episodes in the in the can, so to speak.
• 1:03:01
  It's audio only, so you can go off and be painting your
• 1:03:05
  paintings or making your sculptures while listening.
• 1:03:08
  And it's a whole gamut from Marcus Connor, I feel like we've
• 1:03:11
  seen a lot of. His gift?
• 1:03:14
  The roller coaster guy, he's great.
• 1:03:16
  He's amazing. Yeah, I have.
• 1:03:17
  Some world of rusty I have. I have his Lego, his the Bitcoin
• 1:03:21
  Roller Coaster Lego. There you go and it it's it
• 1:03:25
  really is. It's an international crowd.
• 1:03:27
  There's well known artists, there's more obscure artists,
• 1:03:30
  but I think collectively you get a sense that more artists are
• 1:03:37
  kind of emerging quicker than I can make podcasts.
• 1:03:41
  And I hope that this accelerates that pace, that as as we all
• 1:03:45
  know, once you understand and once you see Bitcoin, you don't
• 1:03:48
  Unsee it. I think musicians, painters,
• 1:03:52
  film makers are all going to start coming on board.
• 1:03:56
  I I can't wait for a film maker to have for there to be a
• 1:04:00
  Bitcoin You've Got Mail moment where somebody, somebody nails a
• 1:04:05
  script where Bitcoin is demystified and made.
• 1:04:09
  Made approachable by by any number of a Lister actors that
• 1:04:13
  that would be I think a Seminole moment in the culture and and
• 1:04:19
  then there would be you know 1000 more artists emerging.
• 1:04:22
  I think musicians given that the tools for creating beautiful
• 1:04:26
  artwork and this includes AI are in our hands.
• 1:04:30
  I can't wait for for the musics to start speaking through all of
• 1:04:36
  those people who. Maybe we're looking for a raison
• 1:04:40
  d'etre the to to do something. What would define that?
• 1:04:43
  Please a reason for being. Right there.
• 1:04:45
  Do you say that again in French? A raison d'etre raison d'etre
• 1:04:51
  no, no no. It's like a weird Raisin.
• 1:04:53
  No, no, no, I'm not like, I'm not.
• 1:04:56
  I'm not, like, making fun of it at all whatsoever.
• 1:04:58
  So Romance languages, right? You know Opti and I or Spanish?
• 1:05:01
  I speak Spanish. They convey emotion a lot more
• 1:05:06
  than Anglo-Saxon languages, right?
• 1:05:10
  So that's why I asked you to say it again, right?
• 1:05:11
  Right. It's not just like imagine
• 1:05:14
  saying the equivalent of that in English.
• 1:05:15
  It wouldn't have as much oomph as it as it as it has in French.
• 1:05:19
  So that's why I asked you to repeat it.
• 1:05:20
  There you go. It's like, hors d'oeuvre,
• 1:05:23
  Ordeux. Exactly, exactly.
• 1:05:25
  It just, it just has that, like that oomph, you know?
• 1:05:29
  Yeah, plus, if if you have the Bitcoin Art Podcast, you have
• 1:05:32
  to. You have to lean into some
• 1:05:35
  pretentiousness, right? Yeah.
• 1:05:38
  I mean, I wouldn't even say it's pretentious, man.
• 1:05:40
  I just think that you're passionate about what you do and
• 1:05:43
  and you know, speaking from optis, optis and I perspective,
• 1:05:47
  we're just talking heads and you know we try to inject as much of
• 1:05:52
  how we feel and passion into, you know, the stuff that we're
• 1:05:56
  covering, the topics that we're covering because it it resonates
• 1:05:59
  with us. And I think authenticity is a
• 1:06:02
  superpower on the Internet and I think people really, really
• 1:06:06
  connect with that. So this is amazing.
• 1:06:08
  Also shout out to Brekkie. I was really lucky to be
• 1:06:13
  fortunate enough to go over Brekkie's house and he showed me
• 1:06:17
  how to sculpt. So like I I did my first Bitcoin
• 1:06:20
  B on a marble. It was an absolute fucking
• 1:06:23
  disaster, but I still did it. So this is incredible.
• 1:06:28
  So if you're a Bitcoin artist, I think this is the podcast for
• 1:06:31
  you and it seems like you're it's, I'm noticing a pattern
• 1:06:34
  here, Clay. It seems like you're
• 1:06:36
  highlighting Bitcoin artists on this podcast.
• 1:06:39
  I'm just I'm assuming that's on purpose.
• 1:06:41
  Well, yeah, I mean they are my guess for the most part, I'm, I
• 1:06:45
  think that the tip of the spear for cultural change is in the
• 1:06:51
  arts. That's my thesis anyway.
• 1:06:53
  And I know that the macroeconomists might get the
• 1:06:56
  audiences because we're all sort of tied to this number go up,
• 1:07:00
  but. With us with you slow down and
• 1:07:02
  you look at the history of art, much of it was was done and
• 1:07:07
  forgotten but you it re emerges later to define the period and I
• 1:07:13
  think that we're doing that now And so sure it can be
• 1:07:16
  frustrating that the scarcity auction didn't go off quite as
• 1:07:19
  well, but but settle down it's it's a slow thing in 2025 years
• 1:07:26
  I think everything accelerates. We will celebrate these folks as
• 1:07:30
  pioneers as who who took us from this strange middle, you know,
• 1:07:36
  dark ages into the Renaissance. I mean, I I.
• 1:07:40
  Wait, wait, can we go in there? Because, Clay, you just said it,
• 1:07:43
  and I agree with this statement as well.
• 1:07:45
  Do you believe that Bitcoin will usher in the Second Renaissance?
• 1:07:49
  Yeah, I think we don't for sure. I think it's even weird to think
• 1:07:53
  that this is at the Dark Ages, that we that we're poisoning our
• 1:07:57
  bodies with all kinds of chemicals, that we're right,
• 1:08:00
  that we just sit in in front of our computer screens.
• 1:08:03
  There's there's a million ways to to present modernity, for all
• 1:08:09
  of its pleasures and and conveniences, as not being.
• 1:08:13
  Optimized for what we're capable of.
• 1:08:16
  And I think Bitcoin, we artists who latch onto Bitcoin will help
• 1:08:19
  us see that that Renaissance Two Point O, you don't get to name
• 1:08:23
  your art, period. But Renaissance Two Point O is a
• 1:08:27
  sufficient operating moniker that we could go with it.
• 1:08:32
  And I, you know, Stacey Herbert has is I think is who I would
• 1:08:36
  credit with coining that this is, first of all, it is a
• 1:08:39
  fascinating conversation and it really kind of opened my mind to
• 1:08:45
  really the importance of art because I completely agree, a
• 1:08:48
  macro podcast or you know, a entertainment slash geopolitical
• 1:08:54
  podcast, right? Yeah, we're what we're really
• 1:08:58
  doing is we're observing and we're commenting on what's
• 1:09:02
  happening around us, right? But the whether it's music,
• 1:09:07
  right, we tip and Z had this live performance at Pacific
• 1:09:13
  Bitcoin 2023 and people were just like, this is amazing
• 1:09:17
  people. There's something about music,
• 1:09:19
  there's something about art that taps into the human soul that
• 1:09:24
  nothing else can. Like, I tweeted this out on on
• 1:09:27
  Sunday, 'cause I I started going down like AEDM 2010, Like, you
• 1:09:34
  know, rabbit hole, 'cause I grew up on Miami Beach from it's like
• 1:09:39
  the 2 from 2008 to 2012. And that was the golden era of
• 1:09:45
  electronic music. And I happened to be in Miami
• 1:09:47
  Beach when that was when that was happening.
• 1:09:49
  It was like, you never forget those memories.
• 1:09:52
  And I was. I was listening to a playlist
• 1:09:55
  and it was bringing back the feelings of how I felt in that
• 1:09:59
  exact moment, in that moment of my life.
• 1:10:03
  No video, no picture can bring back those feelings.
• 1:10:08
  It was music itself, right? So art.
• 1:10:11
  Art, right. I I completely agree.
• 1:10:13
  Art is the culture. Art really, really does move
• 1:10:18
  people the way that language cannot.
• 1:10:21
  There's something that art does it.
• 1:10:24
  It conveys a message that just just talk is.
• 1:10:29
  I don't want to say talk is cheap, but like talking can't do
• 1:10:32
  that. It just can't convey that
• 1:10:34
  emotion the way that art does. Yeah, because the artist
• 1:10:38
  themselves has to synthesize those ideas and then
• 1:10:42
  contextualize it into an object of some sort, something for us
• 1:10:46
  to then for us to experience. And that gift, the gift of the
• 1:10:50
  artist, is what what we're gravitating towards.
• 1:10:55
  You know that if you could read the lyrics to a song.
• 1:10:58
  But it's super different when Tipanzee is up there giving it.
• 1:11:03
  And I think that and then in that case, performance,
• 1:11:06
  something is transformative in the experience and how it
• 1:11:10
  reaches an audience. And I'm given now that there's
• 1:11:14
  tools like Mid Journey. You don't even need to be
• 1:11:18
  necessarily an accomplished painter to bring your vision.
• 1:11:23
  Forward I talked to the guy named Hack Zero, and he observed
• 1:11:27
  that people with disabilities can now express themselves
• 1:11:30
  visually had they not been, you know, before.
• 1:11:34
  Depending on their disability, of course.
• 1:11:35
  But this is how a Renaissance emerges.
• 1:11:39
  And it's not just a single Michelangelo or a single Da
• 1:11:42
  Vinci whose gifts are are off the charts.
• 1:11:45
  It's all of us now have the ability to contribute.
• 1:11:48
  And so it's this While while there may be more chaff.
• 1:11:52
  There's going to be more signal, too.
• 1:11:54
  And since bitcoiners are pretty good at finding signal and
• 1:11:57
  noise, I suspect we'll be equally good at finding that art
• 1:12:01
  that resonates and is succinct and you know it.
• 1:12:05
  It reaches all those ephemeral things that make art special,
• 1:12:10
  100% Opti. What's your take on all this,
• 1:12:12
  bro? I know that you're a music lover
• 1:12:13
  yourself. I know that you're an art lover.
• 1:12:15
  Yourself. Well, you had a music
• 1:12:16
  propaganda. You had a music background.
• 1:12:18
  My. Friend.
• 1:12:19
  Yeah, I mean, before doing Bitcoin podcasts, I was dabbling
• 1:12:22
  and making music and literally that's where I got the name
• 1:12:25
  Optimus Fields. I was working on a project and I
• 1:12:29
  created that moniker Optimus Fields and then I kind of went
• 1:12:32
  down the Bitcoin rabbit hole. And I realized, wait, this
• 1:12:36
  optimist fields moniker is actually better for this Bitcoin
• 1:12:39
  thing that we're doing? And yeah, I never finished the
• 1:12:42
  project that I wanted to make, but it was literally before I
• 1:12:45
  found Bitcoin. It was talking about all this
• 1:12:47
  stuff. And this is where I also
• 1:12:49
  understand the power of music. You know, people are saying this
• 1:12:52
  is an art that's not art. But I really understand, and
• 1:12:55
  this is before even Nico gave me that, you know, the meme of
• 1:12:59
  like, culture. What do you say?
• 1:13:00
  Culture is downstream from politics.
• 1:13:02
  Or wait, politics is downstream from culture.
• 1:13:05
  I I just understood the power of music and for better or worse
• 1:13:08
  and and I'm kind of going to do a hat tip to safety and almost
• 1:13:11
  about how like. Fiat art is so trash.
• 1:13:14
  And that's by design because we live in such a superficial
• 1:13:16
  world. I I really wanted to do my part
• 1:13:20
  in in adding to the art and and the culture and and build
• 1:13:24
  something that I loved and that would also have a message.
• 1:13:27
  And while you were talking, I was kind of reminded of of, you
• 1:13:31
  know, like. The art movement of the 60s and
• 1:13:34
  70s and how that formed culture. And I really do think that there
• 1:13:37
  should be more Bitcoin artists out there.
• 1:13:39
  Or as I like to say, jokingly but kind of seriously Bitcoin
• 1:13:42
  propagandists. Because it's all propaganda, you
• 1:13:45
  know, it's memes all the way down, and it's about spreading
• 1:13:48
  the message in ways that more and more people understand
• 1:13:51
  what's going on here. And the medium is the message.
• 1:13:53
  And so look, we know there's a lot of Bitcoin podcasts.
• 1:13:56
  We know there's a lot of Bitcoin writers and and you know, people
• 1:14:00
  adding to the memes, but. I would really love to see more
• 1:14:04
  and more Bitcoin artists out there that are very popular and
• 1:14:07
  and maybe doing it in a way where we don't necessarily say
• 1:14:10
  the B word so much because we know that that instantly turns
• 1:14:13
  people off. But just being a bitcoiner and
• 1:14:16
  creating good art and and accepting Bitcoin for your your
• 1:14:20
  contributions, I think that would be a way to subtly add to
• 1:14:23
  the culture and and just keep spreading and propagating and
• 1:14:26
  creating art that does have. A solid message in there that
• 1:14:30
  spreads goodwill and that, you know, makes the world a better
• 1:14:34
  place, a a more beautiful place. Again, hat tip to safety and
• 1:14:37
  Amos about like, it's no coincidence that Fiat art is so
• 1:14:41
  ugly. Like we're living in an ugly
• 1:14:43
  world. We need more beauty in the world
• 1:14:45
  and I think Bitcoin artists can do that.
• 1:14:47
  Yeah, I think that that's, that's what this podcast is.
• 1:14:49
  A lot of what you've been talking about, the propaganda
• 1:14:52
  aspects, we get into those conversations, we get into Safa
• 1:14:55
  Dean's. Chapter and I and I talked with
• 1:14:59
  Jimmy Song about his he's got a chapter in his new book, Fiat
• 1:15:02
  Ruins Everything about modern art in particular.
• 1:15:05
  I think that's where our conversations are focused.
• 1:15:11
  And I think it's a nice compliment and it's one that you
• 1:15:14
  know would come up periodically here and there in various
• 1:15:16
  podcasts I would listen to. And I said that's what I'm going
• 1:15:19
  to 0 in on because that's. As I've as I've already said, is
• 1:15:23
  how we move culture, and you do it with subtlety, you do it with
• 1:15:25
  beauty. The persuasiveness sits quietly
• 1:15:28
  for a long time, like a song that lingers in your mind with a
• 1:15:33
  memory in it. But if a little hook of lyrics
• 1:15:35
  can sit there and and give you strength and power to face some
• 1:15:38
  Fiat nightmare, then we win. And we will.
• 1:15:47
  Amen to that. Amen to that.
• 1:15:49
  Beautiful. You know art throughout history
• 1:15:51
  has played different roles and even the Bitcoin B on A on an
• 1:15:55
  art it was Chris from Scarcity pointed out that it's a little
• 1:15:58
  like a the crucifix that dominated Christian art for so
• 1:16:01
  long and still might that this we're going to mature and figure
• 1:16:07
  out our artistic voices in. We're going to we're going to.
• 1:16:12
  I don't know. Ideally we're going to.
• 1:16:16
  Just let this art mature and that generally happens with
• 1:16:21
  time. We just have to be patient and
• 1:16:23
  and again bitcoiners, we are. The mantra of low time
• 1:16:26
  preference is is in our heads, but I think it's even more so
• 1:16:30
  with art. Let this stuff sit and resonate.
• 1:16:33
  Let the artists develop their their processes.
• 1:16:37
  You know that you don't look at a single work of art from an
• 1:16:39
  artist, You look at a body of work.
• 1:16:41
  And most of the folks I've been talking to are just getting
• 1:16:44
  going bitcoins. Is a teenager.
• 1:16:47
  So I I'm excited for what comes of these folks. 100 percent,
• 1:16:52
  100% well speak. Oh, I was going to say Nika.
• 1:16:55
  Speaking of art, I think it's time for some some low tier
• 1:16:58
  Bitcoin art, AKA memes. Well, this week's episode is
• 1:17:00
  World of Rusty, the Meme artist and part of the Non Existent
• 1:17:04
  Meme Factory TM. Yeah, shouts out to World of
• 1:17:07
  Rusty. All right, Nika, jump in.
• 1:17:11
  All right. No, this is first of all, Clay.
• 1:17:13
  I'm so happy you came on. You you, you, you connected so
• 1:17:17
  many dots for me in terms of because we brought this up
• 1:17:19
  yesterday. I was so disappointed with
• 1:17:22
  Javier Miley. I know everyone's like, no, he
• 1:17:25
  didn't lose at the run off. OK, guys, if you look at the
• 1:17:28
  data, there's a there's a small chance he wins that run off,
• 1:17:31
  right. So I was disappointed.
• 1:17:33
  I was like, this sucks. And then it really came to me,
• 1:17:37
  like Bitcoin, Twitter is not reality If we don't win the
• 1:17:41
  culture war, right? If we don't win the culture, we
• 1:17:45
  have no chance, right? So everything counts, right?
• 1:17:49
  Whether that's you know, physical art, whether that and I
• 1:17:53
  and I, by the way, I love physical art, I.
• 1:17:55
  I need a yeah, I can't confirm Nico has a big art collection.
• 1:17:59
  I get the number sevens of like every single Bitcoin artist.
• 1:18:02
  I get their pieces. I I I'm a big fan of Bitcoin
• 1:18:06
  art. So.
• 1:18:07
  But you connected the dots the way that you described it.
• 1:18:10
  You yourself being an artist. So yeah.
• 1:18:12
  Wow man. I'm super, super grateful you
• 1:18:15
  came on to on today's show. You really opened my eyes to a
• 1:18:18
  lot and that people are in the comments.
• 1:18:19
  This is a powerful live stream. Completely agree.
• 1:18:21
  By the way, guys, if you're enjoying the show, make sure to
• 1:18:23
  smash that like button. Helps us tell us the YouTube
• 1:18:26
  algorithms to push the content even harder.
• 1:18:29
  All right, everybody, let's get to the meme review, The daily
• 1:18:35
  meme review. Wow guys, this is the meme
• 1:18:43
  review. Where you guys send us memes on
• 1:18:46
  Twitter at simply Bitcoin TV or drop them in our telegram group
• 1:18:49
  T dot me slash simply Bitcoin TV.
• 1:18:53
  Best to drop them in our telegram group.
• 1:18:55
  Our our notifications on our Twitter is starting to blow up
• 1:18:58
  so I might not get them all. Anyways.
• 1:19:00
  Tweet of the bullets memes of the artillery.
• 1:19:02
  We are frontline soldiers in this information war so continue
• 1:19:06
  to get the calls of actions out there.
• 1:19:08
  Continue to ridicule the corporate press.
• 1:19:10
  Continue to make the funnies to keep your friends heads.
• 1:19:13
  In the game and as Clay is saying, continue to make the art
• 1:19:17
  out there. Yeah, you know, maybe memes are
• 1:19:19
  part of the Fiat culture and it's low tier art, but it's
• 1:19:22
  still art nonetheless, guys. Oh, Clay, it's.
• 1:19:25
  I would. I think memes are a a new form
• 1:19:28
  of art and it and if you listen to this week's episode with
• 1:19:31
  World of Rusty, we we get into it, I think you'll look at them
• 1:19:34
  anew. OK, well, I'm a big meme
• 1:19:37
  advocate. I think memes are powerful
• 1:19:40
  considering that we saw, what was it last week, the central
• 1:19:44
  bankers and all of them are putting their hat in the ring
• 1:19:47
  and creating memes themselves. So we are living in the digital
• 1:19:51
  world. And for better or worse, memes
• 1:19:54
  are the battleground guys. So continue to make the memes.
• 1:19:57
  Continue to make the art. Continue to make the content,
• 1:20:00
  because the world still does not know.
• 1:20:02
  Why they need to hold some Bitcoin?
• 1:20:05
  Anyways, 1st meme is by our boy the BTC therapist.
• 1:20:08
  And he goes, if you've been huddling all bear market, you
• 1:20:11
  deserve everything that's coming Hashtag BTC and it goes every
• 1:20:14
  Bitcoin on earth right now. And we have the Big Lebowski
• 1:20:18
  here with the crazy eyes looking up and the Bitcoin price
• 1:20:20
  starting to pump. It's still a pump for ants guys,
• 1:20:23
  this is it hasn't even started. It's going to be a marvelous
• 1:20:27
  next 18 months in my opinion. In my humble opinion.
• 1:20:30
  OK, next one is by Vandalay BTC on Twitter and he goes every
• 1:20:34
  single time Hashtag Bitcoin and we got Futurama here.
• 1:20:37
  I forget what the guy's name is, but the Bitcoin price is
• 1:20:40
  dumping. It's at 15,000 and $800 and
• 1:20:44
  everyone's looking at the Bitcoin price.
• 1:20:46
  Skeptical. And then it starts pumping and
• 1:20:48
  goes to 34 K and everyone's instantly wanting to buy
• 1:20:51
  Bitcoin. Human psychology is so, so
• 1:20:54
  interesting and it even gets more and more interesting when
• 1:20:57
  it's revolved around Bitcoin. Because markets, it's just
• 1:21:01
  humans reacting. And for some reason Bitcoin can
• 1:21:05
  go up and it and if you like Bitcoin at 69 K, you should love
• 1:21:09
  it at 15,000. And yet they don't buy Bitcoin.
• 1:21:12
  And then once it pumps again and it goes 100 X, they're like, OK,
• 1:21:17
  wait, maybe now I need to buy some Bitcoin.
• 1:21:19
  The FOMO is real. Anyways, next meme is by Alan B.
• 1:21:22
  Watts, AKA Alan BWT on Twitter And he goes, good afternoon,
• 1:21:25
  hashtag Bitcoin and we got the Lord of the Rings meme here.
• 1:21:29
  I I forget what this guy's name is.
• 1:21:30
  It's like Nico might know Al Strider.
• 1:21:34
  There we go. Eric, we're going.
• 1:21:36
  Eric on, Eric on. There we go.
• 1:21:38
  All right. And the wizard comes out,
• 1:21:40
  Gandalf, the great comes out and it blinds everyone.
• 1:21:43
  But instead of being just grand off the grid, it's got the
• 1:21:45
  Bitcoin logo. And this is what we were all
• 1:21:47
  feeling yesterday when the Bitcoin price started pumping
• 1:21:50
  and everyone was getting excited and we were donning our laser
• 1:21:53
  eyes again. I I see you guys out there.
• 1:21:55
  We're back. We're so back guys.
• 1:21:57
  It's so it feels so good. We're so back.
• 1:21:59
  OK. Anyways, next one is by Lena
• 1:22:01
  Siche, another Bitcoin artist. She does the Bitcoin comic, the
• 1:22:04
  little Hodler, and she goes, hold on and we got, you know,
• 1:22:07
  Bitcoin here, the little hodler. And he goes, please go up.
• 1:22:09
  The Bitcoin price is going sideways.
• 1:22:11
  It's crab market, it's taking a bath and it's still crabbing.
• 1:22:14
  And it goes, please go up and then it's at night and you see
• 1:22:17
  the Bitcoin price in the stars and it's going sideways and
• 1:22:21
  down. And then the price starts to
• 1:22:23
  pump and you get excited and you go, yeah, And then you look and
• 1:22:26
  you remember, Oh my God, I do not have enough Bitcoin.
• 1:22:30
  Hold on, Bitcoin price. I need to stack more shots
• 1:22:33
  first, guys. I hope you didn't take your foot
• 1:22:36
  off the gas because when the bull begins its run, it's going
• 1:22:40
  to run hard and heavy as the Bitsteam meme goes.
• 1:22:44
  Guys, I hope you're prepared. Buckle up.
• 1:22:47
  Anyways, next meme is Marty's Owl and it's the classic Wojack
• 1:22:50
  really bad drawing where it's the bitcoiner, the autistic
• 1:22:54
  Wojack bit corner in the corner. You know at a party with his
• 1:22:57
  friends and no one's talking to him and he's just sitting there
• 1:23:01
  wondering. They don't they don't know
• 1:23:02
  Bitcoin is pumping and everyone's having fun.
• 1:23:04
  You know, I I literally, after I saw this meme, I I kind of was
• 1:23:08
  sitting there with my family and even though I was kind of
• 1:23:12
  telling them it would pump to like 31 K in the morning, I was
• 1:23:15
  just seeing them interact. I'm like, they don't even know
• 1:23:18
  it's pumped to like 35 K yet. And then my brother hit me up
• 1:23:20
  later. He's like, dude, it pumped to
• 1:23:21
  35K, all right, at least someone, but this is all of us
• 1:23:24
  in the real world. When you go out and you know you
• 1:23:26
  leave your house for the first time in months, you look around
• 1:23:30
  and you're like they don't even know the Bitcoin price is
• 1:23:31
  pumping. It's going to be us for a long
• 1:23:33
  long time to come this next couple of months.
• 1:23:35
  Anyways. Next one is by Maxi's Club and
• 1:23:38
  shouts at the Maxi's club. I've been low key black pill a
• 1:23:40
  little bit, not too much, just a little bit.
• 1:23:43
  And this one hit me in the field so we got a bit corner here and
• 1:23:47
  it's at the barbecue and it's just kind of a play on.
• 1:23:49
  Like have you watched the game? Oh that's crazy bro.
• 1:23:52
  Oh Bitcoin price is pumping. Did you catch the game this
• 1:23:54
  weekend? Anyways, it goes, here it goes.
• 1:23:56
  You can't orange pill humanity and call them idiots at the same
• 1:23:59
  time. And we got the mad little bit
• 1:24:01
  corner here. I am guilty of this, OK, I'm
• 1:24:05
  team human. But at times you just wonder how
• 1:24:08
  do you not understand Bitcoin is the best money in the world and
• 1:24:11
  and it's a knee jerk reaction to just be like they're all idiots.
• 1:24:14
  No, we cannot just call them idiots.
• 1:24:17
  We need to orange peel humanity. We need to orange peel the
• 1:24:19
  world. So give them a little benefit,
• 1:24:22
  benefit of the doubt. Remember you didn't know
• 1:24:23
  anything when you got the Bitcoin as well.
• 1:24:27
  Well, have some compassion. Lower your time preference.
• 1:24:30
  Have some patience. Anyways, last one is by Hodo X
• 1:24:33
  Hodo on Twitter. He goes stay humble, stack sats,
• 1:24:35
  or you're going to pay the price.
• 1:24:37
  And this is the PSA at the end. And this is Dang Well, how am I
• 1:24:41
  blanking on this? It's Rapa Nui.
• 1:24:43
  That's Easter Island. Easter Island, exactly.
• 1:24:46
  With laser eyes looking up at the star.
• 1:24:47
  And it's the Bitcoin logo. And I wanted to end this one
• 1:24:50
  today because on this meme, because the price is pumping
• 1:24:54
  right now, it is going up. I know we're all feeling
• 1:24:57
  ecstatic. We're all excited even though
• 1:24:59
  this is still a pump for ants and I am convinced it's going to
• 1:25:04
  continue to go up forever. Laura, in the next couple of
• 1:25:06
  months after the halving going into 2025, I think the price is
• 1:25:12
  going to go absolutely nuclear. But you have to remember the
• 1:25:16
  advice we've been telling you all bear market.
• 1:25:19
  Stay humble, stack sats and stay solvent.
• 1:25:22
  So stay humble guys, do not get crazy.
• 1:25:25
  When the Bitcoin price starts going crazy, you're going to
• 1:25:28
  start feeling probably a little more euphoric than ever and
• 1:25:32
  you're going to make some mistakes.
• 1:25:33
  So the only saving advice is always stay humble, stack sats
• 1:25:38
  and stay solvent. This is the way guys do not get
• 1:25:40
  over leverage. Do not go D Gen. shit coin
• 1:25:43
  trading. Don't hit the casinos, you know,
• 1:25:46
  Make sure you are saving Bitcoin because you may put yourself in
• 1:25:51
  a position where you get wrecked and and you know you do not want
• 1:25:53
  to do that anyways. Drop your meme review scores on
• 1:25:56
  the other side of Nico and we will cover them live.
• 1:25:59
  All right, My meme review score is this abalone shell on my
• 1:26:03
  dad's desk. It's got some remotes in there.
• 1:26:09
  Huge fan of abalone. OK, beautiful, beautiful.
• 1:26:14
  Do I have my? My meme review score.
• 1:26:16
  Yes, I'm getting. I'm going with some some some.
• 1:26:19
  This is an honor. This is for you.
• 1:26:22
  Opti Satoshi Coffee Company. It was actually a complimentary
• 1:26:26
  gift from the folks at crowd join crowd health.com.
• 1:26:29
  So let's go. Those guys.
• 1:26:31
  Those guys are awesome. I I don't know if this is.
• 1:26:34
  Considered a piece of art, but buy the FN dip.
• 1:26:37
  Wait, wait, let me add to it. Buy every dip from here on out.
• 1:26:42
  This is the way. This is financial advice.
• 1:26:47
  All right, go ahead. Yeah, I think like memes.
• 1:26:50
  Memes are an art form because. As things get out of control
• 1:26:54
  right they're we're whether it's the price pumping or the OR the
• 1:26:57
  doldrums of of the bear market they give you that little smile
• 1:27:01
  that little bit that you're not alone.
• 1:27:04
  There's that validation in the art that that maybe to some is
• 1:27:08
  propaganda, but somebody had to synthesize it into this bizarre
• 1:27:12
  little rectangle to give you confidence or make you smile.
• 1:27:16
  And I I think that's really important to stay grounded as we
• 1:27:20
  as this bull market gets going. It's in the stay humble, but
• 1:27:23
  stay grounded and stay thoughtful and stay keep your
• 1:27:26
  sense of humor. Yeah, what's you know the the
• 1:27:31
  meme laugh now, cry later you. You need that distill wisdom of
• 1:27:35
  memes so that you you can keep your head on straight.
• 1:27:38
  And remember, we are winning everybody.
• 1:27:41
  We are winning and you are not alone, we are winning.
• 1:27:43
  Anyways guys I wanna give a shout out.
• 1:27:46
  To wine, really. Buyer merch or else wine will
• 1:27:50
  get really upset with us. It also helps support the
• 1:27:53
  channel a a lot. It helps us stay.
• 1:27:56
  Independent. So definitely check.
• 1:27:59
  Is it that way? Yeah.
• 1:28:01
  So check the QR code on your screen.
• 1:28:03
  You could scan it, or you could check the link in the video.
• 1:28:06
  Get an orange hoodie. Get an orange hoodie and guys,
• 1:28:09
  everyone is a Bitcoin hat. Simply Bitcoin shirt and hats
• 1:28:12
  are coming soon. Yeah, I was gonna say that Hats
• 1:28:14
  are coming. We were talking about it last
• 1:28:15
  night. I I had to deal.
• 1:28:17
  I have to, you know, wrangle wine.
• 1:28:19
  He's only trying to make you guys dad hats.
• 1:28:21
  I know you guys want the snapbacks as well.
• 1:28:24
  Just forgive me. I I have to deal with internal
• 1:28:29
  politics to get you guys to merge here.
• 1:28:33
  All right everybody, it's time to read some memes.
• 1:28:37
  Opt EQ. The epic music.
• 1:28:39
  Oh oh, sorry, I was looking for memes.
• 1:28:41
  But yes, I got it. I got it.
• 1:28:45
  Wait, what you were looking for? Didn't we already go through the
• 1:28:48
  memes have? Meme review scores.
• 1:28:50
  Just just read it all right, Tora paddle.
• 1:28:55
  I was like, what is my memory messing up?
• 1:28:57
  Did we did we not just go through the memes?
• 1:28:59
  All right? Meme score a bull market winter
• 1:29:02
  season. I like that.
• 1:29:03
  I like that John Pleb meme score.
• 1:29:06
  Build a seed signer. Escape the databases.
• 1:29:10
  I like that too. Justin Boyvin.
• 1:29:15
  Wojack orange peeled Infinity divided by 21.
• 1:29:19
  I love it. UTXOI give the memes a Raisin.
• 1:29:24
  Very nice, Elaine. Bitcoin brings beauty back to
• 1:29:28
  the world. Stacy's renaissance.
• 1:29:29
  Two point O begins. Art, music, poetry, writing, and
• 1:29:33
  more blossoms. OK, OK, Next one auto coin.
• 1:29:37
  I give the memes a DCA buy. You just win.
• 1:29:40
  OK, OK. Skip down the road. 21 million
• 1:29:44
  hats thrown into the ring. Oh, we just got a purchase.
• 1:29:48
  Thank you so much. Whoever bought the hoodie on the
• 1:29:51
  live stream. All right, Bitcoin for
• 1:29:54
  Canadians. I give the memes a White Russian
• 1:29:57
  for all the big Lewandowski plebs with without plebs
• 1:30:02
  watching, BTC pump, Nigel Laurie says.
• 1:30:08
  I give the memes a. Colony of ants Loving this pump,
• 1:30:11
  OK? Very nice.
• 1:30:12
  Very nice. Narwhal tacos.
• 1:30:15
  Satoshi chose anonymity because last time he he brought truth to
• 1:30:20
  us, he got crucified. OK, wait, Satoshi, is Jesus.
• 1:30:27
  OK, moving on. Sicko 05.
• 1:30:29
  One beautiful artistic world ran by bitcoiners.
• 1:30:33
  Absolutely love that. All right, all right.
• 1:30:40
  We didn't run out of meme scores.
• 1:30:41
  There was just a buzzer. All right guys, if you enjoyed
• 1:30:44
  the show, you know what to do. Smash that like button.
• 1:30:47
  Consider subscribing if you feel like we provided you value.
• 1:30:50
  But I also wanna give a shout out to our special guest.
• 1:30:53
  Clay, thank you so much for joining us today, guys.
• 1:30:56
  Could check out his social media.
• 1:30:58
  Where you can find him on social media at Clay Enos and check out
• 1:31:02
  the Bitcoin muse.com. Definitely subscribe to his pod.
• 1:31:05
  Clay it's been an honor to have you on simply Bitcoin today.
• 1:31:08
  It really blew my mind today. Appreciate you coming on the
• 1:31:10
  show. Oh man, you guys, you are a big
• 1:31:13
  part of my. Orange peeling and your your
• 1:31:16
  sincerity and your your unbelievable ability to riff
• 1:31:21
  spontaneously is an inspiration. It's performance art.
• 1:31:25
  Thank you so much, Clay. We really appreciate it.
• 1:31:27
  We we try to. Contribute where we can
• 1:31:29
  appreciate it, man. Hope to have you on the show in
• 1:31:32
  the future sometime soon. All right guys, that was our
• 1:31:34
  show. Like I said, smash the like
• 1:31:36
  button. Consider subscribing if you feel
• 1:31:38
  like we provided you value. But the number one thing you
• 1:31:41
  could do to push the peaceful Bitcoin revolution, I share.
• 1:31:44
  I say share Bitcoin content, but I'm.
• 1:31:47
  I'm going to add to that after today's episode.
• 1:31:51
  Share Bitcoin content and share Bitcoin art.
• 1:31:54
  Share Bitcoin everything. That's how we get the message
• 1:31:56
  out there. That's how we really break the
• 1:31:58
  Bitcoin echo chamber. Share your Bitcoin favorite
• 1:32:01
  Bitcoin artist fair, your share your Bitcoin, your favorite
• 1:32:05
  Bitcoin podcast If if you have a singer like Tip and Z is killing
• 1:32:09
  it. Sophie told me she's might be
• 1:32:12
  dropping some Bitcoin music soon.
• 1:32:14
  So so yeah. But today was a very special
• 1:32:17
  episode. I really enjoyed it.
• 1:32:18
  I hope you guys did too. We'll be back tomorrow, 12:15 PM
• 1:32:22
  Eastern Standard Time. Opti's going to be holding it
• 1:32:24
  down for another episode of Simply Bitcoin Live.
• 1:32:28
  Until then, guys, have an amazing day.
• 1:32:30
  No spaces this week. Opti needs some time off, but we
• 1:32:34
  back on spaces next week. Peace out everybody.
• 1:32:37
  Take care.