Latest / Simply Bitcoin / 80% of Bitcoin Held by Longterm Hodlers | EP 840

Transcript

80% of Bitcoin Held by Longterm Hodlers | EP 840 · Simply Bitcoin

• 0:22
  It's all going to zero against Bitcoin.
• 0:26
  It's going up forever more. You're against Bitcoin.
• 0:36
  You're against freedom, Yo everybody.
• 0:40
  We are back. It's your boy Opti.
• 0:43
  Second day of Pacific Bitcoin Festival.
• 0:46
  We got an awesome show for you guys.
• 0:47
  As you can tell, my voice isn't up to par.
• 0:51
  I just rug pulled myself with some decaf guys but no one wants
• 0:53
  to hear about my personal problems.
• 0:55
  We got some crazy news for the numbers today coming out of
• 0:58
  Unchained. Actually Chris gave its to me
• 1:01
  last night. He was mentioning it that
• 1:03
  apparently 80% of all Bitcoin hasn't moved in six months.
• 1:08
  It's almost like there's no more tourists in this extremely long
• 1:12
  bear market and everyone of you guys out there knows what we all
• 1:16
  know to be the truth. And the way is to hotter your
• 1:19
  Bitcoin. Make sure you are holding on to
• 1:21
  those Bitcoin because it is aiming to be a very, very epic
• 1:26
  bull run. And then we also got some news
• 1:28
  coming out. It was a little more speculation
• 1:30
  and I had a lot of conversations yesterday on the idea of a spot
• 1:33
  Bitcoin ETF and we will have some interviews.
• 1:37
  I got a few with Preston Pish and Steven Lubka, and we'll get
• 1:41
  those on the shelf for you guys. But we were all kind of
• 1:44
  wondering, of course it's not a matter of if they will approve a
• 1:48
  spot Bitcoin ETF, It was more a matter of when and there was a
• 1:52
  running theme of like maybe it'll happen quicker than we
• 1:55
  thought. And then we got a news story
• 1:57
  coming across Twitter last night that there's more speculation
• 2:01
  that a spot Bitcoin ETF might get approved in the next three
• 2:04
  to six months. And I know everyone in the
• 2:06
  chat's going to be like, yeah, Gary Gensler of course, isn't
• 2:09
  going to prove a spot Bitcoin ETF in 2023, but maybe it will
• 2:14
  happen a little sooner than we thought.
• 2:16
  And and of course, again, there's also the speculation
• 2:19
  that maybe, maybe Gary Gensler is waiting for this whole DOJ
• 2:22
  finance story to finally unravel itself.
• 2:26
  But we will give you guys all that content on YouTube later.
• 2:29
  You guys will get a little more context on all the stuff we're
• 2:32
  going to be talking about today. But it's looking again like we
• 2:35
  are going to get set up for a very, very epic bull run going
• 2:40
  into 2025. We all know the havings
• 2:42
  happening around April. So not only is there no Bitcoin
• 2:46
  on exchanges, not only are all you guys holding your Bitcoin
• 2:49
  knowing that you need to make it through the auto buyout, but we
• 2:52
  are going to see the Bitcoin block subsidy get cut in half.
• 2:56
  So it's looking like a perfect storm.
• 2:58
  Anyways, guys, as you can tell, I'm not alone here.
• 3:00
  I got some friends. Of course everyone knows.
• 3:04
  I call them like our adopted stepchild, Chris Alamo from
• 3:08
  Bitcoin Magazine. How you doing this morning,
• 3:09
  Chris? Doing well, kind of hurting like
• 3:11
  you. The voice hurts a little bit,
• 3:12
  but you know, we ride on. Yes, exactly, exactly.
• 3:16
  And then we also have, oops, we also have James Caruso from
• 3:21
  Stamp Scenes, cofounder of Stamp Scene.
• 3:23
  He's got a very cool surprise for you guys in the culture.
• 3:26
  I think you guys gonna love this one.
• 3:27
  But how you doing this one in James I'm?
• 3:28
  Doing great, man. Happy to be here with you guys.
• 3:30
  LA Song, You can't beat this exactly.
• 3:32
  How are you liking this year's festival?
• 3:34
  You're here last year, right? No, I actually wasn't here last
• 3:36
  year, but I checked out, you know, some of the videos and
• 3:38
  whatnot. Loving it this year though.
• 3:40
  Well done all around. So awesome venue too.
• 3:43
  Or not. Power hanger, you know, it's,
• 3:45
  yeah, it's pretty cool. Yeah, it's, it was nice out
• 3:47
  there guys. It's a little warm and on on
• 3:49
  that note, Dell, how you doing this morning?
• 3:52
  I don't know if we got the content up there, but you were
• 3:54
  rolling on the mats yesterday with Ben Askren and Brian De
• 3:57
  Mint and apparently the mat was like 400 degrees and they had to
• 4:01
  water it down. So how you doing this morning,
• 4:04
  Dell? What do you think about the
• 4:05
  festival so far? I didn't get a chance to roll
• 4:07
  with Ben. I did roll with Brian, and the
• 4:09
  mats were blistering hot. Yeah, like, like if you ever
• 4:13
  been out on a sand sandy beach when it's full sun.
• 4:15
  Imagine that times two. It was just black.
• 4:17
  It was horrendous. So that's why we had to keep on
• 4:19
  splashing water. Yes.
• 4:21
  Good time. My voice is good.
• 4:22
  I didn't stay up until 2:00 AM partying.
• 4:25
  I was at home. We're at the hotel playing
• 4:28
  Zelda, so I'm. I'm good to go.
• 4:30
  Well yes Dell Daxing Chris and I on that note shouts out to
• 4:36
  everyone that was showing us love last night.
• 4:38
  It it you know, it's really an honor and and it's very humbling
• 4:43
  that you guys get so much value from not only simply Bitcoin but
• 4:46
  all the content we're doing here as Bitcoin content creators and
• 4:49
  just the amount of love that we got cuz like look guys that you
• 4:52
  can see me yet we do this stream and we talking to a computer and
• 4:55
  we. Forget that.
• 4:56
  There's thousands of people out there that enjoy what we're
• 4:58
  doing and it's all about providing ballet for you guys,
• 5:01
  keeping you entertained, keeping you guys on the signal on the
• 5:04
  path. So shout out to you guys.
• 5:06
  Welcome to Simply Bitcoin. Let's get into today's Show the
• 5:15
  Bitcoin numbers. Is your Bitcoin and cold storage
• 5:18
  really secure? Is your seed phrase really
• 5:21
  secure? Stamp seeds?
• 5:23
  Doityourself kit has everything you need to hammer your seed
• 5:26
  words into commercial grade titanium plates instead of just
• 5:31
  writing them on paper. Don't store your generational
• 5:34
  wealth on paper. Papers prone to water damage.
• 5:37
  Fire damage. You want to put your
• 5:39
  generational wealth on one of the strongest metals on planet
• 5:43
  earth, Titanium. Your words are actually stamped
• 5:45
  into this metal plate with this hammer and these letter stamps.
• 5:49
  And once your words are in, they aren't going anywhere.
• 5:52
  No risk of the plate breaking apart and pieces falling
• 5:55
  everywhere. Titanium stamp seeds will
• 5:58
  survive nearly triple the heat produced by a house fire.
• 6:01
  They're also crush proof, waterproof, non corrosive, and
• 6:04
  time proof. All things that paper is.
• 6:06
  Not allowing you to huddle your Bitcoin with Peace of Mind for
• 6:09
  the long haul. Stamp your seed on stamp seed.
• 6:14
  Let's go guys. Of course you can scan the QR
• 6:16
  code, but James, it looks like you have one of these.
• 6:21
  Really. I don't know.
• 6:22
  Beat up can't stamp see that they can't see it, but.
• 6:25
  Yeah, so this plate's been through the ring.
• 6:27
  Here we have a commercial great titanium metal stamp plates.
• 6:30
  This one was hit with a roofing torch reaching temperatures over
• 6:33
  like 2300 degrees Fahrenheit. You can see those videos on the
• 6:37
  website too. We post all everything.
• 6:38
  Took a 24 hour muriatic acid bath as well to simulate long
• 6:42
  term water exposure. Then we just try to crush and
• 6:45
  mar the layers out as much as possible.
• 6:46
  But. See.
• 6:47
  Everything is intact in there nicely can confirm.
• 6:51
  Yeah, and we currently. Downside is we could swap your
• 6:54
  seeds right now. That's the survival Bacon Bacon
• 6:57
  Bacon Bacon Bacon Bacon Bacon Bacon.
• 6:58
  You. Have a plate at the in the Long
• 7:00
  Island Sound right now. It's gonna be down there for a
• 7:02
  year just to get the salt water test going.
• 7:03
  So we're pulling that out next August.
• 7:05
  So we'll have a video for that and a couple more tests down the
• 7:07
  line just to prove that titanium seed storage is the best method.
• 7:11
  Yeah James, I think I was trolling you when you came on
• 7:14
  the show last time. Him and who's this?
• 7:18
  Tim Cook. You and Tim Cook have started to
• 7:22
  make the titanium stock go up because everything is titanium
• 7:26
  nowadays. Anyways, guys let.
• 7:28
  Yeah exactly. Let's let's get into the
• 7:30
  numbers. There we go.
• 7:32
  Sorry, we're seeing we're seeing a simply OG over here.
• 7:35
  Any rug he's hanging out over here.
• 7:37
  Anyways, we're over here at Clark Movies Dashboard.
• 7:40
  Of course you guys know my favorite number.
• 7:43
  It is the block height TikTok next block.
• 7:44
  It's almost like Bitcoin works exactly as design and oh and the
• 7:49
  honey badger cannot be stopped and the current Bitcoin prices.
• 7:53
  Wait, didn't it pump to like 28 K last night or something?
• 7:56
  Or it was pumping yesterday? I don't know the price dude.
• 7:58
  The block height were less than 30 K blocks till I need you to
• 8:02
  do quick math on the fly anyways.
• 8:04
  Anyways, the current Bitcoin price is 27,885.
• 8:08
  The current Moscow time AKA how much a Fiat dollar is worth a
• 8:11
  KA, how much Bitcoin you can buy for a single dollar is currently
• 8:13
  at 3586 sets or just the trigger the chat 358 bits and the total
• 8:19
  percentage of Bitcoin issued of all Bitcoin that will ever be
• 8:23
  issued is 92.88%. The market cap in Fiat terms is
• 8:26
  $543.9 billion. The realized monetary inflation
• 8:31
  taking VL currencies at school is at 1.75%.
• 8:35
  The Bitcoin versus gold market cap is at 4.4.
• 8:38
  Wait 4.40 percent 4.4 is the same thing.
• 8:41
  Anyways, I say it all the time. Bitcoin still has a long way to
• 8:45
  go in the hard money game and you guys are bearish out there.
• 8:48
  I couldn't be me can't relate. Anyways, the total public
• 8:51
  lightning capacity is currently at 5271.1 BTC.
• 8:56
  The hash rate the last 90 days is 392.9 XA hash and the pending
• 9:01
  fees. Look at that 1.61 BTC.
• 9:03
  It was literally one Bitcoin yesterday.
• 9:06
  I guess it's getting a little a little frothy over there, but
• 9:09
  the Wizards didn't break the men pool.
• 9:12
  What is? That one number on the side
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  there, I've never noticed that corporate treasuries, how many
• 9:18
  are held? Oh it's how much Bitcoin is held
• 9:20
  in corporate treasuries Got it. Is that so?
• 9:21
  That's. Sailor, that's Yeah, Sailor,
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  10%. Of that or something like that
• 9:27
  Sailor and everyone else. So value in corporate treasuries
• 9:31
  $47.7 billion here we go. Supply percentage in corporate
• 9:35
  treasuries 8.77% of all Bitcoin and corporate treasuries
• 9:39
  Amazing. Well good eye.
• 9:41
  Good eye. All right guys.
• 9:42
  So as I was telling you guys in the beginning we got some glass
• 9:46
  node on chain analytics and and I already saw Copernicus
• 9:49
  trolling us that saying you know glass node is only an
• 9:52
  approximation and it's A and it's not the best data.
• 9:56
  Yeah you know just don't do on chain trading Copernicus I think
• 10:00
  it's pretty good data. Anyways what we know though and
• 10:04
  shout out to Chris for bringing this to my attention.
• 10:06
  I was literally scouring the Internet this morning to find
• 10:09
  this exact post. We got this tweet here and it is
• 10:13
  Unchained capital. They are quoting their glass
• 10:15
  node account and you can see here on the side it says UT XO
• 10:19
  is younger than six months, now account for less than 20% of
• 10:23
  bitcoins total supply. 80% of all Bitcoin has now been has not
• 10:27
  been moved in 182 days and the 2024 having is only roughly 195
• 10:33
  days away. Again, Chris, what is it?
• 10:34
  Less than 30,000 blocks. Less than 30,000 blocks, Yeah.
• 10:37
  So historically, a supply shock has come next and I'm super
• 10:43
  colorblind. So what this color I think is 6
• 10:46
  months, 12 months. Anyways, the TLTLDR of this is
• 10:52
  what Joe Burnett said. And of course we like doing
• 10:57
  breaking tweets. We like trolling ourselves.
• 10:59
  Oh wow, sorry guys. Tate up turn up with the vest in
• 11:03
  the background. Love to see.
• 11:05
  Anyways, Anyways, as Joe Burnett goes breaking a record high, 80%
• 11:10
  of all Bitcoin has not moved in six plus months.
• 11:12
  The bear market has forced coins to move to the strongest hands.
• 11:15
  Any demand catalyst could potentially ignite the next bull
• 11:18
  run as there will be few sellers and we've been covering this for
• 11:22
  a long time. Remember probably like six
• 11:25
  months ago we told you about. I think it was chain analytics
• 11:31
  that had an article that said all of the Bitcoin tourists were
• 11:34
  gone and I think that was about a year ago and moving closer
• 11:38
  into the having again less than 30,000 blocks roughly around
• 11:42
  April. We are going to see the block
• 11:44
  subsidy get cut in half the miners.
• 11:48
  If they aren't being smart businessmen, it could get a
• 11:52
  little frothy out there for all the miners.
• 11:54
  But for you guys that are holding your Bitcoin, that are
• 11:56
  hauling your Bitcoin long term, it looks like we are seeing
• 12:00
  Gresham's Law play out in real time, which is bad.
• 12:03
  What good money drives out bad money?
• 12:05
  Or did I flip it? Which means you guys know what
• 12:07
  you're holding. You understand that right now
• 12:10
  it's not time to be selling your Bitcoin it to not today.
• 12:13
  Tomorrow. The next couple of months is not
• 12:15
  the time to be giving Larry Fink and BlackRock Co your Bitcoin
• 12:19
  you want to be hoddling right now.
• 12:21
  We were having a lot of conversations about man, like,
• 12:24
  where is the market going? Are we crab marketing?
• 12:27
  Are we going to have a slow grind up into 2025?
• 12:30
  Are we going to be seeing God candles?
• 12:32
  No one knows. But all you need to know is what
• 12:35
  our boy by Kinga always says. Stay humble, Stacks ads, stay
• 12:38
  solvent. Right now is the time to not
• 12:40
  take your foot off the gas. I know we are seeing sentiment
• 12:45
  in the market of fatigue. We're seeing everyone being
• 12:48
  despondent. They're tuning out.
• 12:50
  But it just goes to show that the people that are holding
• 12:53
  Bitcoin right now, they know what they're holding.
• 12:55
  And even though the corporate press, even though the
• 12:58
  mainstream consciousness, popular consciousness isn't
• 13:02
  getting frothy and excited about Bitcoin, you guys understand
• 13:05
  what you're holding and this is the position of being a huddler.
• 13:08
  I was telling Chris last night that typical cycles play out in
• 13:13
  very, very similar ways and it's basically like 4 years of being
• 13:18
  called crazy, four years of pain, and then I think it's 12
• 13:23
  weeks of just absolute mind bending God candles where rocket
• 13:29
  ship get on board. So right now is the time to be
• 13:32
  stacking stink solvent and staying humble.
• 13:34
  Anyways, Chris, what's your thoughts on all this?
• 13:36
  You're the one that actually brought this to my attention.
• 13:38
  So is this important, this news is the signal.
• 13:42
  What's your thoughts? I think I'm bullish.
• 13:44
  I'm like you out these stupidly bullish.
• 13:46
  I think it just shows coins are moving from weak hands to strong
• 13:49
  hands. And you know everything that
• 13:50
  we've experienced over the last year whether it's FTX, whether
• 13:53
  it's Celsius block by all these different companies collapsing.
• 13:56
  You know a lot of those coins move very quickly and the price
• 13:58
  obviously the Fiat price followed with that.
• 14:01
  But now right now we're moving from strong hands or from weak
• 14:04
  hands to strong hands. Now for the long term, it looks
• 14:07
  this is how Bitcoin works. Does it?
• 14:09
  Don't understand what they are holding, Get wrecked and those
• 14:13
  that do get to live a prosperous life with eternal riches and you
• 14:17
  know the rest. Anyways, James, what's your
• 14:19
  thoughts on all this stuff? Yeah, thoughts under the new
• 14:22
  brick corners coming in or just very aware of the dangers of
• 14:25
  holding your Bitcoin with the custodian or on the exchange
• 14:28
  they come in to see what's help going on.
• 14:29
  FTX and some of these other exchanges more people are on
• 14:32
  boarding into cold storage, self custody, stamping their seed,
• 14:35
  preserving their sea words and metal faster than they did
• 14:38
  previously. And I think it's because of
• 14:40
  unfortunately all those collapses.
• 14:41
  But. You know that metric 80% of
• 14:43
  Bitcoin hasn't moved. People are holding right?
• 14:45
  They're not letting go of it. They realize that that's the
• 14:48
  coin. All the other shit.
• 14:49
  Coins are being pretty much filtered out, not being looked
• 14:51
  at as even the new wave of people are coming in.
• 14:54
  So each class is just that much more educated.
• 14:57
  You know, shows like this, other Youtubers are out there just,
• 15:00
  you know, putting awareness out. But also, some of the exchange
• 15:02
  collapses. Are, you know, really showing,
• 15:04
  you know, proof that you have to hold your own keys, you know, if
• 15:07
  you want to sleep all night. Yeah, exactly, 100%.
• 15:10
  And. And we were actually having that
• 15:12
  conversation. I forget who I was with, but
• 15:16
  actually it was, it was actually Chris and Ben BTC sessions about
• 15:20
  just like how I think what we're seeing right now in the market
• 15:23
  and on Bitcoin Twitter and I guess you know Bitcoin message,
• 15:28
  Bitcoin signal at large. It it's really a testament to
• 15:31
  the Bitcoin only content creators out there and that no
• 15:34
  longer do you have to get caught up in all the shitcoin noise.
• 15:37
  You can find good shows. You can find the signal and the
• 15:41
  learning curve of becoming a bitcoiner I think is starting to
• 15:45
  slow like it. It's starting to not slow
• 15:47
  starting to lessen and versus widening.
• 15:51
  Like it took me years to understand Bitcoin and now just
• 15:54
  so much good content out there that you can become a Bitcoin
• 15:57
  maxi. I don't know in six months,
• 15:58
  maybe at least two years. I mean, Chris was blowing my
• 16:01
  mind that you've been here in 2020 and I I feel like you know
• 16:04
  more about Bitcoin than I do. I was like, it's just a
• 16:06
  testament to Bitcoin signal in general.
• 16:09
  I mean, even Dell, you came, you've been a bitcoiner for like
• 16:12
  a year, and you probably get Bitcoin better than I do.
• 16:15
  I yeah, it was. I looked because I remember it
• 16:18
  was the Safe Dean and Lex Friedman podcast or the Michael
• 16:21
  Saylor one, because they were very close to each other.
• 16:23
  They were a month apart and it was the sailor one that came
• 16:25
  first. That was April 14th that that
• 16:27
  came out. So that was the first time that
• 16:29
  got me into it. And hearing Michael Saylor
• 16:31
  talking, well, this guy's clearly not an idiot, so maybe
• 16:34
  there's something here. And then it was soon after that
• 16:36
  the Lex Friedman chatted with Safe Dean.
• 16:38
  Fred Savidean's book, The Quinn Center And then was kind of
• 16:41
  downhill from there. Or uphill, What?
• 16:43
  Down the hole? Up the hole some down the rabbit
• 16:45
  hole. Yeah, there was holes involved.
• 16:49
  Don't say that. They're already they're already
• 16:52
  trolling us because you're posting the fact that me and
• 16:55
  Chris had to cuddle over here anyways.
• 16:58
  Well, I'm not sleeping on the floor.
• 17:01
  I love Chris. If someone said is that little
• 17:04
  Nico butt to butt butt, yeah, yeah, exactly.
• 17:11
  We're guys. We're not fool degeneratives
• 17:14
  here. You know, we're classy
• 17:15
  individuals. Anyways, let's get into the new
• 17:17
  story because I want you to keep this idea in mind about the fact
• 17:22
  that all one, not all but 80% of Utxo's out there.
• 17:26
  You guys know unspent transaction outputs are being
• 17:28
  held long term. Now I kind of hinted on this
• 17:33
  when I was talking about the spot Bitcoin ETF and here let's
• 17:36
  get into this news cuz combining the numbers in the news today,
• 17:40
  if you're not bullish already guys, you're about to get more
• 17:43
  and more bullish. So let's go.
• 17:50
  The Daily News. I wanna give a shout out to our
• 17:54
  sponsor, Foundation Devices. It's self custody done right?
• 17:58
  They built a premium grade hardware wallet called Passport
• 18:02
  right here in the US. It's fully open source and
• 18:05
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  it and use it the moment you pick it up.
• 18:16
  Get your Bitcoin off exchanges and into your into your own
• 18:19
  hands in just a few minutes. Experience the Peace of Mind
• 18:22
  that comes with taking ownership of your own keys.
• 18:25
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• 18:29
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• 18:33
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  completely Air gap security model, gorgeous design, craft,
• 18:39
  premium grade materials if you're thinking about getting
• 18:42
  your Bitcoin off. Changes, this is the one for
• 18:44
  you. Check out the passport link in
• 18:46
  the show notes below to learn more of course, of course of
• 18:50
  course guys, make sure you hit the QR code.
• 18:53
  Go directly to the site. Get yourself a very pretty,
• 18:57
  pretty cold storage. This is the way.
• 18:59
  Anyways guys, as you guys will see, we haven't dropped this
• 19:03
  content yet, but yesterday I was sitting up here.
• 19:06
  I did all kinds of interviews and there was a very constant
• 19:11
  theme. It's the idea we've been saying
• 19:13
  on this show for a long time. You know, I know you guys out
• 19:16
  there, as we tell you every single day, you probably don't
• 19:19
  care about a spot Bitcoin ETF. It's really not designed for the
• 19:23
  average everyday person because you should just be buying spot
• 19:25
  Bitcoin. But the avenues and the
• 19:28
  liquidity that will be opened up because the traditional
• 19:31
  financial world works in a certain way and and they are
• 19:34
  biting tooth and nail to get into the Bitcoin market.
• 19:37
  And a lot of these people don't want to do what we tell them to
• 19:40
  do which is take Bitcoin in self custody.
• 19:42
  They want you know a traditional financial vehicle that they kind
• 19:45
  of understand. So the spot Bitcoin ETF, while
• 19:48
  there is concern about it being a paper Bitcoin event, it's
• 19:53
  going to open up a lot of liquidity.
• 19:54
  And yesterday I'll get these out for you guys on YouTube, there
• 19:58
  was a constant theme. Again, Preston Pish, Steven,
• 20:01
  Lubka, we were all basically getting around the same idea.
• 20:04
  It's not about a matter of if, and of course we don't like to
• 20:07
  speculate. We don't really know what's
• 20:08
  going on, but we are seeing more and more talk about the idea
• 20:12
  that maybe a spot Bitcoin ETF will happen sooner than we
• 20:16
  thought. And again, shouts out to Joe
• 20:20
  Kernan. Right.
• 20:21
  He is an absolute legend the the amount of conversation around
• 20:27
  Bitcoin on Squawk Box. I think, you know, I know that
• 20:31
  we believe independent contract content creators are the way,
• 20:34
  but there's still some sense of legitimacy when you are on the
• 20:39
  television, when you're on a local cable TV, or rather a
• 20:42
  national cable TV. And the fact that they're having
• 20:44
  these Bitcoin conversations and they're speculating on whether a
• 20:48
  spot Bitcoin ETF will happen quicker than we thought.
• 20:51
  And before you guys troll me and throw tomatoes in the chat, yes,
• 20:54
  there is some conversation about stable coins and we can get into
• 20:56
  that. We, you know, you guys know our
• 20:58
  view on this. Sets are my stable coins stable
• 21:01
  coins are only stable until they're not.
• 21:03
  Anyways we got a tweet here from Squawk Box and it goes it's
• 21:06
  quoting Jay Clayton, former SEC chair.
• 21:09
  Literally the guy that used to have Gary Genzler's job.
• 21:12
  Basically he says we decided every legal question around
• 21:16
  Bitcoin. Again.
• 21:17
  Yeah, I think we were talking about this yesterday, the the
• 21:20
  hubris of thinking and we know everything that's going to
• 21:23
  happen. But hey, we've decided every
• 21:24
  legal question around Bitcoin, the BTC spot market, has much
• 21:28
  greater efficacy than it did, says former SEC chair Jay
• 21:32
  Clayton. Crypto is a technology, Let's
• 21:35
  see that technology in our financial ecosystem.
• 21:37
  And then this is the part that's probably a little iffy.
• 21:40
  I believe that stable coin is one of those places.
• 21:43
  Let's put this video, we will dissect it.
• 21:45
  I think there's a lot of good signal here.
• 21:48
  And then of course, he's talking about stablecoin because of, of
• 21:51
  course, the traditional financial world.
• 21:52
  Of course they want to put Bitcoin in a box, something that
• 21:55
  they can control, something that seems safe in that they're used
• 21:58
  to. So of course they're going to
• 21:59
  kind of angle this towards stablecoins.
• 22:01
  But I think there's a lot of signal here, even though it is a
• 22:03
  little bit of speculation, but let's hear what they're saying,
• 22:06
  because more and more talk is saying the same thing.
• 22:09
  We might be seeing a spot Bitcoin ETF within the next
• 22:11
  three to six months. So let's listen to this.
• 22:13
  What do you think it means longer term for crypto?
• 22:15
  We were talking about price of Bitcoin.
• 22:18
  Has actually moved a little bit higher.
• 22:19
  Not as it relates to this, as it relates to the fact that maybe
• 22:22
  the government's going to stay open and relates to this comment
• 22:25
  that Gary Gensler made that had the government shut down, you
• 22:29
  know, there'd be no chance of a Bitcoin ETF.
• 22:31
  I don't know if you think there's any better chance that
• 22:33
  there's a Bitcoin ETF now the government's open.
• 22:36
  Let's we'll go to that specific question, but but two things on
• 22:39
  on on Crypto. One is this trial at a macro
• 22:42
  level demonstrates how important our regulatory environment is.
• 22:46
  No commingling of funds. You know, customer assets are
• 22:49
  all All of those things are designed to prophylactically
• 22:53
  prevent what is alleged to have happened here.
• 22:55
  Well, yes. But the other piece of it is
• 22:56
  that this was a company that was, that was doing its entire
• 22:59
  business offshore. Interestingly, one of the things
• 23:01
  that's happened because we haven't figured out how to
• 23:03
  regulate crypto and this is argument somebody like a Brian
• 23:06
  Armstrong would make from Coinbase, you're looking at them
• 23:09
  open up businesses elsewhere, right.
• 23:11
  They're now doing a lot of business in Europe.
• 23:12
  They're trying to do business in other in other countries in
• 23:14
  large part because. We haven't really figured out
• 23:17
  what this is supposed to. BE and This is why I think the
• 23:19
  next step so OK, we recognize that the next step on crypto is
• 23:22
  incremental. Crypto is a technology.
• 23:25
  Let's see that technology in our financial ecosystem in a place
• 23:29
  where we're confident it's totally safe.
• 23:32
  So I believe that stablecoin, a well constructed, well regulated
• 23:36
  stablecoin is one of those places.
• 23:38
  I also believe that we've decided every legal question
• 23:42
  around Bitcoin, it is relevant. So it.
• 23:46
  As I've said before, that would make you think that a Bitcoin
• 23:48
  spot ETF is inevitable. We we know.
• 23:51
  We know it's not a security. Here's a question though.
• 23:52
  You were the chair of the SEC. What happened between the time
• 23:56
  that you were the chair of the SEC and now, where you could
• 24:00
  stipulate to the idea that we know all the facts around
• 24:02
  Bitcoin? Well, what are their new facts
• 24:04
  that came to light in the past since you?
• 24:06
  There were there were let's just the classification of Bitcoin
• 24:09
  when I was chair of the SEC had had already been decided when I
• 24:12
  got there. OK, that it was a commodity that
• 24:14
  the CFTC had regulated this money.
• 24:16
  I was very concerned that the trading of Bitcoin around the
• 24:21
  globe on exchanges that we had no insight into had a large
• 24:24
  amount of fraud going on and I was not comfortable.
• 24:27
  And staff, by the way you have. Been right, Yes.
• 24:30
  So OK, so now what's changed since then?
• 24:32
  So. There are a lot of people who do
• 24:34
  surveillance and the like who are, who are confident that the
• 24:37
  Bitcoin spot market is, what I would say is, has much greater
• 24:42
  efficacy. Than it did three or four years
• 24:44
  ago. Because you've cleaned out the
• 24:45
  sandbankment free into the world.
• 24:46
  Is that the idea? I think it's a number of things.
• 24:49
  Finance. But it but in the applications
• 24:52
  that the the what I would say is well respected financial
• 24:55
  institutions new financial institutions or new financial
• 24:58
  providers have submitted to the SEC they lay out the case for
• 25:02
  why trading and spot Bitcoin is more efficacious than it was as
• 25:05
  a loss. Wow.
• 25:07
  OK guys there's so much there to be honest there's there's so
• 25:13
  much that you could just hear by him not saying it but I think
• 25:16
  the TLDR is you know in that time we're seeing that Bitcoin
• 25:21
  has matured. It's becoming a more prominent
• 25:24
  conversation. Obviously people out there, the
• 25:27
  retail market, even the what you would call maybe more advanced
• 25:33
  investors, they all want some access to Bitcoin.
• 25:36
  And before I go into, before I get our panel here, their views
• 25:39
  on this. We also saw this conversation
• 25:41
  yesterday. Here's a tweet from Simply
• 25:43
  Bitcoin. It goes S just in the SEC will
• 25:45
  prove spot Bitcoin ETFs within three to six months.
• 25:48
  Steven Schoenfield, former BlackRock managing Director and
• 25:52
  I got the article it came out on Decrypt and goes X BlackRock
• 25:55
  director, says SEC will approve a Bitcoin ETF in three to six
• 25:59
  months. Two former managing directors at
• 26:01
  BlackRock say that that US approval of the spot Bitcoin ETF
• 26:04
  is basically a done deal. And if you hear what Jay Clayton
• 26:07
  was saying, he basically said the same thing.
• 26:09
  We have thought about all the legal proceedings around Bitcoin
• 26:12
  and right now maybe it's really just like APR move where they
• 26:16
  are trying to slow roll the spot Bitcoin ETF.
• 26:19
  Maybe. It's what I've been saying
• 26:20
  constantly on the show. The classic billionaire fudline
• 26:24
  is going around and they got a FUD Bitcoin so they can stack
• 26:27
  their bags and once they're ready to, and once their bags
• 26:29
  are packed, they will approve a spot Bitcoin ETF and rocket ship
• 26:34
  get on board. Anyways, let's go into this a
• 26:36
  little bit. Former BlackRock managing
• 26:38
  director Steven Schoenfield, who's now the CEO of Market
• 26:41
  Vector Indexes, gives the US Security and Exchange Commission
• 26:44
  three to six months before it approves a spot Bitcoin ETF.
• 26:47
  Schoenfield gave his estimate during a panel discussion on ETF
• 26:50
  at CC Data's Digital Asset Summit in London yesterday,
• 26:53
  where he was joined by another ex BlackRock director, Martin
• 26:57
  Bednall, now CEO of Jacobi Asset Management.
• 27:01
  Schoenfield was responding to comments made earlier by Bednall
• 27:04
  that the SEC will probably approve all ETF applications at
• 27:07
  the same time. I don't think they want to give
• 27:09
  anybody first mover advantage. And he's not the only one saying
• 27:12
  that. If you guys hear the content
• 27:14
  that I'll put out with Preston Pish, Steven Lubka, that is kind
• 27:18
  of the the growing trend that I was catching yesterday, that
• 27:22
  they're probably not going to give BlackRock favoritism.
• 27:25
  The favoritism will just come from the retail market and
• 27:28
  knowing that BlackRock is one of the biggest asset manager in the
• 27:31
  world. They have one of the biggest
• 27:32
  brands in the world so they will most likely get the most
• 27:36
  attention in their spot Bitcoin ETF and but they're not going to
• 27:40
  unfairly treat BlackRock because it does seem like that might be
• 27:44
  a little too obvious. So once one gets approved, they
• 27:48
  will probably all get approved at the same time.
• 27:50
  So maybe they're just waiting to unleash the water, at least the
• 27:53
  waterfall, all at the same time anyways.
• 27:56
  Previously, the Market Vector CEO said he would have given the
• 28:01
  industry 9 to 12 months before an approval.
• 28:03
  But the Sec's recent decision to delay giving verdicts on several
• 28:07
  pending ETF applications is unlike previous delaying tactics
• 28:12
  by the regulator. Instead of completely rejecting
• 28:14
  the whole list, they've asked for comments, which is a
• 28:16
  marginal but significant investment in the dialogue.
• 28:19
  There's also the Grayscale lawsuit which the SEC loss,
• 28:22
  which means they're most likely going to have to allow the
• 28:24
  Grayscale Bitcoin trust to be converted into an ETF, says Show
• 28:28
  and Field. Let's get to the very end
• 28:30
  because there's one paragraph in here that I think is telling
• 28:32
  though it's pending ETF application.
• 28:34
  Traditional financials top asset manager, BlackRock shepherding
• 28:37
  9.42 trillion, Again, $9.42 trillion in assets under
• 28:43
  management seems the likeliest contender to get a Bitcoin spot
• 28:45
  ETF approved. After all, it has a winning
• 28:48
  score of 575 to one when it comes to getting ETF's through
• 28:51
  the EC. Actually, it's five 7.5 no 575.
• 28:56
  OK, nobody would have seen it coming.
• 28:58
  Back in 2017 on BlackRock, chief Larry Fink called Bitcoin Indict
• 29:02
  of Money laundering. Fast forward December 2023, Fink
• 29:05
  appeared on Fox News and said that crypto is digitizing gold
• 29:08
  in many ways. During the panel discussion
• 29:11
  London yesterday, Martin Betnall said he believed in any case
• 29:14
  that the traditional financial muscle in terms of both brand
• 29:16
  and resources will give BlackRock a first movie
• 29:18
  advantage should the SEC decide to start approving Bitcoin spot
• 29:22
  ETS. So right here showing field at
• 29:25
  the end goes. I disagree with my former
• 29:26
  colleague Martin as much as BlackRock will try to crush the
• 29:29
  competition, there's a good half dozen, maybe eight or nine other
• 29:32
  firms deeply committed to tradable digital assets.
• 29:35
  They all got applications in and some are actually more, much
• 29:38
  closer to the crypto ecosystem than BlackRock.
• 29:40
  So I think BlackRock will be in for quite a fight.
• 29:44
  And the reason I wanted to finish on that note is because
• 29:47
  Preston Pitch was saying the same thing.
• 29:49
  He was saying that he doesn't believe that Black Rock will get
• 29:54
  preferential treatment, but they do have the brand.
• 29:58
  They will probably get the eye of most of the average retail
• 30:01
  out there, the retail market. They will just probably try to
• 30:04
  trust BlackRock. And of course there's bitcoiners
• 30:07
  we don't trust. We verify.
• 30:09
  But the fact that there is competition, at least it seems
• 30:11
  like there's going to be some competition in the market.
• 30:13
  I think we are going to see BlackRock maybe, maybe not not
• 30:19
  monopolize the spot Bitcoin ETFs, but either way, let's see
• 30:23
  within three to six months whether we get a spot Bitcoin
• 30:26
  ETF, whether all of the liquidity of the traditional
• 30:29
  financial market gets unleashed into Bitcoin.
• 30:31
  Because again, in some of the interviews you guys will see on
• 30:34
  our channel later, there is a lot, a lot of interest from high
• 30:39
  net worth individuals from traditional financial investors
• 30:42
  and they're looking to Bitcoin because they understand, hey,
• 30:45
  there might be something here and I might want to get some
• 30:47
  just in case it catches on. Anyways, Chris, I see you
• 30:49
  chomping at the bits to get your taken.
• 30:51
  What's up, bro? No, I I think, I think it's very
• 30:54
  interesting. It's funny that even show field
• 30:56
  basically was saying like yeah, Blackrock's gonna do whatever
• 30:58
  they do, can do to crush competition.
• 31:00
  We've seen that historically. Obviously their ETF approval
• 31:03
  rating shows how good they are to getting approved.
• 31:06
  I know that there was a key line that was changed probably a
• 31:08
  couple months ago talking about the surveillance sharing
• 31:10
  agreement talking and like many of the ETF's updated as soon as
• 31:15
  BlackRock put it in their filing, many of the other ones
• 31:17
  updated immediately. I think it's.
• 31:19
  Basically a surveillance sharing agreement with Coinbase seems to
• 31:21
  be the the main one that has. I guess they're always talking
• 31:24
  about, they're worried about the markets being spoofed and like
• 31:27
  basically people gaming the markets.
• 31:29
  It was very interesting that Andrew.
• 31:31
  Oh my gosh, I'm forgetting to say Sorkin, right?
• 31:33
  Andrew Sorkin brought up that basically they're worried about
• 31:36
  finance potentially spoofing the markets or like trading against
• 31:38
  them and stuff. Yeah, hold on, Chris, Can we
• 31:40
  talk about that? How is him like pausing at that
• 31:44
  finance question? You know, Sorkin hasn't been the
• 31:45
  biggest, like Bitcoin crypto advocate, but he actually asked
• 31:49
  a hard question right there. He's like, are they waiting to
• 31:51
  clear out finance? He's like, I don't really want
• 31:54
  to say, but I think he said. I think he said it out loud
• 31:57
  anyways. Yeah, Jay Clayton looked like he
• 31:59
  was caught with his pants down. Like, I'm not, I'm just gonna
• 32:01
  ignore that question and keep talking about the other things
• 32:03
  about the approval. But I do think it is fair or
• 32:06
  makes sense that if an ETF approval comes.
• 32:09
  It's going to be like it's not going to only be one wins out.
• 32:11
  It's going to be like we don't want anyone to take advantage.
• 32:14
  Although I do think a lot of people will flock to Black Rock
• 32:16
  because of the brand recognition one way.
• 32:17
  Even if all eight get approved in black rocks, one of them I
• 32:20
  think many people are I feel quote UN quote safer.
• 32:22
  But guys, you know the deal you're having a Bitcoin with
• 32:25
  thirdparty custodians we've seen time and time again is an issue.
• 32:28
  You know, get your your Bitcoin on a foundation passport, a cold
• 32:31
  card, you know, stamp it into seed with the the stamp seed.
• 32:34
  And yeah, I think that's it. Not your keys, not your coins.
• 32:38
  I think we need. The rugs will continue until
• 32:40
  morale improves. All right.
• 32:44
  James, what's your thoughts on this?
• 32:45
  Yeah, I mean, honestly, everything Chris says right,
• 32:47
  It's. And as far as the Bitcoin ETF
• 32:49
  goes, I kind of tap that from paying attention to it.
• 32:52
  It's just like such an up and down roller coaster.
• 32:53
  I just feel like Black Crack has so much power and influence that
• 32:55
  it's gonna get approved eventually.
• 32:57
  And when it's not getting approved, I feel like there's a
• 32:59
  reason for that. Like, what's the reason it's not
• 33:01
  available for us yet? So either way, it's going to be
• 33:04
  good for adoption, right? It's going to be good for the
• 33:06
  price of Bitcoin, for all this holding me personally, a paper
• 33:10
  Bitcoin I want nothing to do with.
• 33:11
  I want cold storage. I want to set my seat into
• 33:14
  titanium. But I could see, like everyone,
• 33:16
  everyone knows BlackRock. They know the name.
• 33:18
  It's got that recognition, so people will flock to it could be
• 33:21
  a good, you know, entry for some people, but you know, not for me
• 33:24
  personally. And when it happens, it happens.
• 33:26
  I won't know. I don't pay attention to price.
• 33:28
  Well, I guess I'll be aware from Twitter.
• 33:30
  But yeah, I'm gonna keep stamping my seed.
• 33:32
  You know, got my hammer, got my stamps, keep DC ING Bitcoin,
• 33:35
  putting it to gold storage. Yeah, 100%.
• 33:37
  And and actually something that I find very interesting during
• 33:41
  the conversations that I had is it's just becoming so evident
• 33:45
  that, like the boomers out there.
• 33:46
  And again, I don't mean to, I don't mean to be like an aegis
• 33:49
  here, but those that are so familiar with the traditional
• 33:52
  financial world, they they're they're just so turned off by
• 33:55
  self custody. And we're like guys, it's so
• 33:57
  easy. Like self custody is the
• 33:58
  revolution. Like, oh, you want someone else
• 34:01
  controlling your money. Like This is why we're here in
• 34:03
  the 1st place. This is why we're in this
• 34:05
  position in the 1st place is because you don't want to take
• 34:07
  custody of your assets. Of course, you can't really take
• 34:10
  custody of stocks. But like, you know, and they're
• 34:12
  just so used to it and they don't want to think about it.
• 34:14
  They just want to get the gains. So very interesting in my
• 34:17
  opinion. Just just understanding that
• 34:19
  phenomenon. People are so afraid of taking
• 34:21
  their money into custody. Yeah, no, I think there's one
• 34:24
  thing that's very interesting too, is like one day it'd be
• 34:26
  interesting if the Fed is bailing out companies because
• 34:29
  of, you know, Bitcoin or whatever.
• 34:30
  Like, you know, it's like a company shorting it and gets
• 34:33
  blown it like a blackrocker to short it and then it gets blown
• 34:35
  out and it's like, well, we need to bail them out to keep the
• 34:37
  Bitcoin alive or whatever. Yeah, I mean, I I said it, I
• 34:40
  said it as a joke when I first said this on the show and now
• 34:43
  it's almost becoming like it's uh, you know, the meme.
• 34:46
  Like does art imitate life or life imitate art?
• 34:48
  It's like everyone's afraid of BlackRock taking down Bitcoin,
• 34:53
  but maybe Bitcoin will take down anyways.
• 34:57
  Dale, what's your thoughts? I think with all the talk about
• 34:59
  BlackRock, the thing that people are sleeping on is fidelity.
• 35:02
  They're the ones that people have that, that have done the
• 35:04
  research. I'm I'm sure BlackRock has their
• 35:07
  own Bitcoin team like that. I don't have any doubts about
• 35:09
  that. But at least Fidelity has their
• 35:11
  name out there. They're the ones coming out with
• 35:12
  these papers saying that Bitcoin basically only.
• 35:15
  They're the ones that, as far as I know, they're doing mining
• 35:18
  like they've been in the Bitcoin ecosystem for like a decade.
• 35:21
  So they're aware and I think they're going to be the ones
• 35:24
  that are poised to help people out.
• 35:25
  Fidelity is the one that people know when it comes to
• 35:27
  investments in their 401 KS. So I think they're going to be
• 35:30
  the ones that are ready to swoop in and help people out and be
• 35:32
  like, look, we got answers. We've been waiting with answers.
• 35:35
  Yeah. I mean, Fidelity's been in
• 35:37
  Bitcoin for a long time, which I think is very, very under the
• 35:41
  radar for people. I don't know if just the brand
• 35:46
  recognition of BlackRock is giving like Bitcoin more
• 35:49
  authority. But Fidelity's been in Bitcoin
• 35:50
  for like 10 years. They've been mining they're
• 35:52
  they're they're like, I'm pretty sure they are absolutely orange
• 35:56
  filled back there and there's some awesome bitcoiners at the
• 35:58
  company. Anyways guys, we got a, we got a
• 36:01
  very special culture here. We got James and I think you
• 36:04
  guys are gonna like this one and I'm in for a surprise as well.
• 36:07
  So let's get into the culture here guys, and we'll eventually
• 36:12
  get to the memes. Anyways, here we are with the
• 36:14
  culture, the daily culture. Brought to you by Swan
• 36:23
  bitcoin.com Swan is the best way to build your Bitcoin stack with
• 36:27
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• 36:31
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• 36:39
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  Visit swanbitcoin.com today. Let's go guys.
• 36:46
  Well, you guys know we are at Pacific Bitcoin Festival.
• 36:50
  There's a bunch of a bunch of cool people out there.
• 36:52
  And yesterday we were making some rounds and we saw James and
• 36:55
  we're like, yo, come on the show.
• 36:57
  And he's like, I got a very special surprise for you guys.
• 37:00
  So James, the floor is all yours.
• 37:02
  Let's talk about the stamp scene and show the people what you
• 37:06
  made. It's absolutely beautiful.
• 37:07
  Sure, absolutely. Do you want to start with
• 37:09
  surprise first or no, no, do do the whole stamp scene plug and
• 37:12
  then we'll do surprise, yeah. So stamp seed, here we go.
• 37:16
  So this is the entire setup here.
• 37:18
  It's completely DIY third party solution.
• 37:20
  You get all the tools that you see here to stamp your seed into
• 37:23
  titanium plate. The words are stamped into the
• 37:26
  plate. There's no loose pieces that can
• 37:28
  fall out from bending or heat expansion.
• 37:31
  There's no crevices where water particles can hide and seize up
• 37:34
  the metal that you have. It's very basic and simple.
• 37:36
  It's a low tech solution to a high tech problem.
• 37:40
  You're instead of writing on paper, you are literally
• 37:42
  stamping each letter into the metal.
• 37:43
  And you could. These stamps here are like nails
• 37:45
  with a word, a letter on the end rather.
• 37:48
  And what you're basically going to do is you take one of these
• 37:50
  titanium plates, commercial grade.
• 37:53
  This is our stamping jig right here.
• 37:54
  It holds your paint in place, stops it from bouncing around.
• 37:57
  There's alignment lines on here that correspond with lines on
• 38:01
  each stamp and that gives you a place to aim for, to make sure
• 38:03
  your words are nice and neatly stamped in a row.
• 38:07
  Ensures nothing is going over into the next cell.
• 38:09
  You're not gonna run out of space as well.
• 38:12
  Yeah, we have some pretty cool products coming out in the
• 38:14
  future. They're gonna be able to work
• 38:15
  with this exact jig here. Maybe you wanna stamp your
• 38:18
  Nostra private key, your 12 word, your multi sig setup.
• 38:22
  So this kit is going to be a great asset to have.
• 38:24
  Once you stamp your plate, you're able to buy other
• 38:26
  templates and upload them in. This is the hammer.
• 38:28
  It's pretty badass. It's a metal stamping hammer
• 38:31
  patented developed by metal stampers, has a brass tip.
• 38:35
  It's meant for, you know, driving the steel stamp into it.
• 38:38
  You feel it's got a nice. It's heavy guys, it's very
• 38:40
  heavy. Top heavy.
• 38:41
  It's a It's also a $5 wrench attack Nemesis like you, you
• 38:45
  know, hold on to this. You know, maybe we'll talk Ben
• 38:47
  Aspirin about this later, see see which one's better.
• 38:50
  I just can. And yeah, it's it's pretty
• 38:53
  straightforward. You know, I don't want to demo
• 38:56
  it on this table right here, but yeah, it might mess up the mics,
• 38:59
  but I mean, I don't know, maybe they want to hear the pounding.
• 39:02
  Nice. These oranges are gonna roll
• 39:04
  over the floor. You know it won't be good.
• 39:06
  It's a nice set up that we have here.
• 39:09
  I know. Yeah, and so.
• 39:11
  Right, you can check out the website.
• 39:12
  You could see things like this. All the stress testing we did on
• 39:15
  a place to ensure that what you're getting is a quality
• 39:17
  product that is not going to get you rugged.
• 39:20
  Your words are never going to pop out of this.
• 39:21
  It's titanium, completely non corrosive, it's never going to
• 39:24
  rust. You might be wondering if the
• 39:27
  holes are for these holes enable you to mount it under a table
• 39:29
  like this or in a wall. We're also going to be coming
• 39:32
  out with like a titanium lock box for it, with titanium screws
• 39:36
  that are security heads that will have these plates covered
• 39:38
  up for you. Along with some of the other
• 39:40
  things I mentioned in the future and yeah it's it's pretty
• 39:44
  interesting story how it kind of stamp seeds started.
• 39:46
  Initially I was a PPC advertiser which means I'm looking at all
• 39:50
  the search terms that people are putting it to Google when
• 39:52
  they're looking for product. And from one of our metal
• 39:55
  stamping companies, seed free storage was some term that kept
• 39:57
  popping up and being someone that was into crypto at the time
• 40:01
  I picked up on it, I wasn't really sure what it was, but
• 40:03
  started going down the little rabbit hole of seed free storage
• 40:06
  and Bitcoin along the way and pretty much orange filled
• 40:08
  myself. And turned a Fiat job into a
• 40:10
  Bitcoin job. So we're doing what we can to
• 40:12
  provide these tools to people to make self costing easier process
• 40:16
  for them and also fun. You get like, something cool to
• 40:18
  hold on to after the fact and wait, wait wait.
• 40:20
  Did you just say you're making Bitcoin physical?
• 40:22
  Oh my God, guys, you can hold on to something, You can hold on to
• 40:25
  it, and you have the tools after the fact.
• 40:27
  You know, it's just nice to sit there and stamp your seed.
• 40:29
  It's old school. Yeah, like a metalsmith.
• 40:31
  And Speaking of which, we have some cool things coming out.
• 40:35
  Surprised on now? Yeah, yeah, yeah.
• 40:36
  So here is one for you guys, for the Simply Bitcoin team.
• 40:40
  It's the logo. Laser.
• 40:41
  Let's see if I can show it a little bit, absolutely.
• 40:46
  You might have to. Change the focus.
• 40:51
  There you go. That'll be a one of two.
• 40:54
  I think Nico has the other one and this is another plate here.
• 40:56
  This one is for every festival conference we go to, we're
• 40:59
  making a special limited edition plate for for everyone that's at
• 41:02
  the conference and we only do either 21 or 30 of them
• 41:05
  depending on the size of the show.
• 41:07
  If there are any leftover of those, we'll probably pop them
• 41:10
  on the website, but once they're out, they're out.
• 41:12
  So that's going to be something that we want to continue to do,
• 41:14
  make these kind of limited edition designs with our in
• 41:17
  house artist who's developing all the stuff for us and that's
• 41:21
  going to be kind of the future with stamps you like.
• 41:22
  We might be able to accept any file that you want to send to
• 41:26
  us. A meme, a picture of you with
• 41:27
  laser eyes, maybe a hint for your multi sig setup or a way to
• 41:31
  identify which wallet switch. And you'll be able to upload,
• 41:33
  design, put on the back of these plates, which is going to be
• 41:35
  really cool. Awesome, we got a question here.
• 41:38
  John Pleb, Will you be making QR plates compatible with seed
• 41:41
  signer? Yeah you know we we actually,
• 41:44
  we're going back and forth with seats aren't on Twitter for a
• 41:46
  little bit and they shared some of the templates with us and we
• 41:48
  might be able to make a stampable QR code with the
• 41:51
  titanium plates which. Would be really cool.
• 41:53
  So we're constantly innovating. We have a lot of big plans for
• 41:57
  what what's most likely going to be the start of 2024.
• 41:59
  A lot of products that you guys been asking for covers maybe you
• 42:03
  know 12 or solutions and some multi 6 setups, QR codes, it's
• 42:07
  all stuff we want to be able to do and all that we want to make
• 42:10
  to be able to work with this kit.
• 42:11
  So once you purchase this kit you won't have to purchase a kit
• 42:14
  #2. All the plates will be able to
• 42:16
  fit in here with some of the other additional tools.
• 42:18
  We're going to be able to wedge in here to make sure the plates
• 42:20
  aren't sliding over because they might be a little bit smaller
• 42:22
  because they're not 24 word in this scenario.
• 42:23
  So great investment to get the kit.
• 42:26
  Good thing to share with your friends, you need to get a plate
• 42:28
  bring it to Bitcoin meetups. It's a great way to you know
• 42:31
  kind of orange people. They say what?
• 42:32
  Why are you stamping your password into this?
• 42:34
  And you can kind of explain to them what self custody is in
• 42:37
  and. Yeah, do do it in a park, guys.
• 42:40
  No, don't do that. Don't do that.
• 42:42
  Don't do it in public. Don't.
• 42:44
  Don't show people your seed. But it'd be pretty funny.
• 42:46
  You're just like stamping it in public.
• 42:48
  What are you doing? Don't do that.
• 42:50
  Anyways, so are the specific Bitcoin themed plates already on
• 42:57
  the website? No, they're not on the website
• 42:59
  we give everyone at the festival conferences first dibs.
• 43:02
  There might be about like 20 or so left at this point, unless
• 43:05
  I'm sold while I'm in here, they whatever's leftover will be on
• 43:09
  the site. If you go on the site now, you
• 43:11
  could see the plate we brought to Prague and that was inspired
• 43:14
  by the Prague or log like the oldest working astronomical
• 43:17
  clock in the world. So that's a really sick plate
• 43:20
  and we're just, we leave it there with the retired logo on
• 43:22
  it. So it'll be like a gallery of
• 43:23
  things you could go through and you know, something to
• 43:25
  commemorate, you know, the conference, something to
• 43:27
  remember you were here. And pretty soon, well, we might
• 43:30
  be numbering these, you know, making some really cool designs
• 43:32
  that are super exclusive. I'm just trying to level up that
• 43:35
  that design constantly. Love it I I for some reason I
• 43:38
  got a picture here. Like how how intricate can the
• 43:43
  graphics be on this, on the seed plates we are?
• 43:46
  Could I put like a, I don't know, like my face on it or
• 43:48
  something. So that's why we're, we're
• 43:51
  taking a long time to get this to work because we want it to
• 43:53
  work right. Like we we are able to probably
• 43:55
  do the face now, but it's not going to look as perfect as we
• 43:57
  want it to look. So we're working on making
• 44:01
  pretty much any picture you want available.
• 44:03
  If you take a picture of like a nice landscape of like a
• 44:05
  mountain scenery or something like that and you want to like
• 44:08
  literally put that into your wall and have like a scene on
• 44:10
  the backside of it that looks discreet, you'd be able to do
• 44:12
  that. So we wanted to be almost
• 44:14
  limitless in terms of what you could put on here, a picture of
• 44:17
  yourself with the laser eyes, really anything.
• 44:20
  So that's that's something that we hope to be available at some
• 44:23
  point next year. But for now we'll have like
• 44:25
  these sort of temporary designs. This is all like a circuit
• 44:27
  design, A Sola Satoshi design that's on the website too.
• 44:30
  Those would just be always available, but then they'll be
• 44:32
  special ones that come out not just for the conferences, but
• 44:35
  they'll probably be on a monthly or quarterly basis, like our 21
• 44:39
  series or something like that. OK, awesome awesome guys.
• 44:42
  And someone someone in the chat was asking, not necessarily like
• 44:47
  why I should stamp my seed. They were just very simple, just
• 44:51
  asking like. Should I keep my Bitcoin on an
• 44:54
  exchange Guys, I know you're new you're you're saying in the chat
• 44:57
  I'm kind of reading that you're like yo I I'm very new to this.
• 45:01
  But as BTC moon guy says and we say it all the time, you know
• 45:04
  self custody and I'm really kind of leaning into Steven Lopez way
• 45:07
  of saying it it's just custody. Your Bitcoin guys taking
• 45:10
  personal custody of your Bitcoin.
• 45:12
  Don't get lost in the jargon of self custody.
• 45:14
  It sounds so dangerous. It's like you just want to hold
• 45:16
  your Bitcoin guys. And you do not want to leave
• 45:19
  Bitcoin on an exchange. And then, like I always say, you
• 45:22
  do not want to just leave your seed phrase on a piece of paper
• 45:26
  in your sock drawer. You want it indestructible
• 45:28
  because you never know what's going on guys.
• 45:30
  So first steps first, you want to take your Bitcoin off the
• 45:33
  exchanges, whether it's a mobile wallet, whether it's a hardware
• 45:36
  wallet like foundation, and then stamping your seed into
• 45:39
  something that's indestructible to you.
• 45:42
  Protect yourself, guys. Like just take the simple steps.
• 45:45
  Make sure that if this is your first time taking your Bitcoin
• 45:48
  off an exchange, that you do a test transaction.
• 45:51
  Maybe a dollar, maybe $5. Whatever you think is a good
• 45:54
  enough amount of Bitcoin above the dust limit, obviously so you
• 45:59
  can test these wallets, Clear the wallet, make sure you can
• 46:02
  access that Bitcoin again before you send your whole entire
• 46:06
  savings. Then get yourself a Stamp Seed
• 46:08
  kit. Write down the seed phrase and
• 46:11
  something that is indestructible.
• 46:12
  Hide that. Don't show it to anyone.
• 46:14
  Like this is the basics of what is going on and and especially
• 46:18
  when we're talking about what is going on in Bitcoin and the
• 46:21
  numbers. We showed you that 80% of
• 46:23
  bitcoiners, 80% of UTXO's are being held by hoddlers and
• 46:28
  though on the same frame, same timeline, there is so much.
• 46:33
  Interest in Bitcoin coming down the pipeline in three to six
• 46:36
  months. So you want to be preparing now,
• 46:38
  guys, the men pool is starting to relax, starting to clear out.
• 46:42
  We're not getting these crazy 30 SAT fees anymore.
• 46:46
  And you can consolidate. You can take your Bitcoin off
• 46:50
  the exchanges, stamp your seeds, raise.
• 46:52
  This is what you should be doing right now before it gets crazy.
• 46:56
  It don't get comfortable with that Bitcoin on the exchange
• 46:58
  time could go by and you just you know in the beginning you
• 47:01
  might have a few dollars on there, maybe 100 bucks or so and
• 47:04
  it might not be economical to get this the hardware wallet yet
• 47:06
  or the stamps you get yet. But as you continue to DCA into
• 47:10
  Bitcoin, once you get through a certain point, you know you have
• 47:12
  to move that off for sure get it into your hardware wallet and
• 47:16
  like I said, don't write it on the paper that's going to be
• 47:17
  coming with those hardware wallets.
• 47:18
  That's a great temporary solution to just shot it down
• 47:21
  quick during set up. But like you said, paper is not
• 47:24
  fireproof. Ink fades, it degrades, it's not
• 47:26
  waterproof, and it's just not a great way to ensure generational
• 47:29
  wealth. You don't wanna be telling your
• 47:31
  grandkids one day that you were lazy and wrote your seed phrase
• 47:33
  on a post it when you could have put it on this stamp seat plate,
• 47:36
  which happens to be the same size as a post it.
• 47:38
  So. It's just titanium, so.
• 47:39
  Let's go. Let's go with that.
• 47:41
  Like John Plebb laid it out very, very easily.
• 47:44
  Guys like start with writing your seat on paper.
• 47:46
  Download a mobile wallet if you still have your whole entire
• 47:50
  holdings on an exchange. You are obviously very new to
• 47:52
  simply Bitcoin. We appreciate you.
• 47:54
  We are seeing new viewers but take it from the exchange,
• 47:58
  download a mobile wallet. I am very partial to blue
• 48:01
  wallet. I am becoming a huge phoenix
• 48:03
  wallet maxi and do a test transaction and then write down
• 48:08
  your seed phrase on paper and then once you have tested this
• 48:12
  wallet once you can reaccess that Bitcoin.
• 48:14
  Then look into the metal. Get yourself a stamp seed.
• 48:17
  Make sure that your seed phrase. Doesn't get wrecked because you
• 48:21
  do not want to look at your great, great grandchildren and
• 48:23
  be like grandpa, grandpa Opti. Why are you broke?
• 48:28
  I had Bitcoin, but I lost it because I racked my seed phrase
• 48:32
  because it was only on paper in my sock drawer.
• 48:35
  All right. Well, James, really honored.
• 48:38
  I honestly guys, let's get some peer pressure right now.
• 48:42
  Maybe maybe we get some simply Bitcoin branded one for you guys
• 48:45
  out there if you want them. I'm sure we can make this
• 48:47
  happen, but I'm honored to have. Yeah, one of two.
• 48:51
  So far, that's something we could definitely work on.
• 48:52
  Maybe, you know, make it available and you're out.
• 48:54
  You guys have a store, right? Yeah, yeah, yeah.
• 48:56
  Yeah, the merchant there. So yeah, maybe could do
• 48:57
  something for you guys. OK, actually, actually.
• 49:00
  I'm gonna say it at live so that maybe it'll peer pressure us,
• 49:04
  but I've been thinking behind the scenes, we are close to
• 49:07
  getting to 21 K on our YouTube. So maybe we can just get one
• 49:11
  special one design, simply Bitcoin.
• 49:14
  And I'll figure out a way to do a giveaway for you guys.
• 49:17
  And so that's, I don't know within a month maybe, I don't
• 49:20
  know. We'll talk about it if you guys
• 49:22
  want it. I'm sure we'll make it happen.
• 49:24
  That'd be awesome. Yeah, absolutely.
• 49:26
  That'd be cool. Sure, That'd be epic.
• 49:28
  All right, guys. Well, you heard it here first,
• 49:30
  Continue to troll me and badger me, and we'll make sure that it
• 49:32
  happened. All right, guys, let's go to.
• 49:36
  Oops, the Meme Review. As you can see, you guys, it's
• 49:39
  getting busy back here. Now it's getting super busy.
• 49:41
  It was quiet. It was quiet yesterday.
• 49:43
  Anyways, let's get to meme review.
• 49:45
  Guys, we got the memes to review for you.
• 49:52
  The Daily Meme Review. All right guys, you already know
• 50:00
  the deal. This is the meme review where
• 50:02
  you send us memes on Twitter at semicoin TV at Optimist fields.
• 50:07
  Tag your favorite memes. Tag your memes.
• 50:09
  I don't really care. I'm OK with nepotism.
• 50:11
  On the meme review. It's fine.
• 50:14
  Let's see your genius. Actually, I got a very live meme
• 50:17
  review score. It's it's behind the scenes.
• 50:19
  Anyways. Tweets are the bullets.
• 50:21
  Memes are the artillery. We are in an information war and
• 50:26
  you need to continue to spread the signal guys.
• 50:30
  So 1st meme is by Lena Sishay. She's.
• 50:33
  The little hoddler series is is absolutely epic.
• 50:36
  I I wish I could draw. I don't know how she does this,
• 50:38
  but I I've always wanted to draw guys that I'm triggered right
• 50:41
  now Anyways, she goes national debt and you see a little
• 50:45
  hoddler in a suit and we got the waiter coming up with the bill
• 50:49
  and we got you guys, the average citizen out there just sitting
• 50:52
  paying dinner and it goes, oh, I forgot my wallet and it's the
• 50:56
  businesses, the rich guy. And he goes, hey, I'll pay you
• 50:58
  tomorrow. And so the average person has to
• 51:00
  pay the bill. And look at who the suit guy is.
• 51:03
  It's the American government. And he's got the American flag
• 51:06
  on his business luggage. What a suitcase.
• 51:10
  And he goes, uh, yeah, sure. Not getting that money back.
• 51:14
  And he's like, I know what, what, what?
• 51:17
  What are they? What are they doing with all our
• 51:18
  money? Guys that they're saying they're
• 51:21
  doing stuff for us. Chris and I, it's hard to see
• 51:24
  sometimes actually, especially. When you're walking at night in
• 51:28
  Santa Monica, it's crazy guys. It's crazy.
• 51:34
  Yeah, we'll leave it at that. Anyways, next meme is by Bitcoin
• 51:36
  Sapiens. You got an AI picture here, but
• 51:38
  I I really like to quote here, shouts out to Bitcoin savings
• 51:42
  and this Bitcoin Sapiens, he's doing a great job with these
• 51:44
  Ai's. I think this is like a phoenix,
• 51:46
  maybe a dragon. I don't know what it is exactly,
• 51:49
  but it's got the Bitcoin logo here and it goes.
• 51:50
  If you're lucky, a toxic Bitcoin maximalist will teach you.
• 51:54
  If you're unlucky, the market will teach you.
• 51:56
  Either way you will learn what's the saying you can you can be
• 52:00
  wise and watch what other people do.
• 52:03
  No, I forget what it is. Or you can just be a standard
• 52:06
  idiot and get yourself wrecked. But This is why we're here.
• 52:09
  This is why we do this show so that you guys do not wreck
• 52:11
  yourself. OK.
• 52:12
  This next meme is by our boy at rope you.
• 52:14
  I mean, it just is the fist emoji.
• 52:17
  And here's a couple here. And it goes.
• 52:19
  Hey honey, can you go see if the baby is sleeping.
• 52:21
  And the dad goes to see the little baby is sleeping And the
• 52:24
  baby's got laser eyes and it goes.
• 52:25
  And the Fed? And the dad goes now, babe, she
• 52:29
  woke AF. The child is woke.
• 52:32
  Let's go. OK, the next meme is by Bitcoin.
• 52:36
  What's this energy? I don't know.
• 52:39
  Standard Bitcoin energy standard at AK?
• 52:41
  At Romolio Romolo. Because you can't even imagine
• 52:45
  how significant it will be to own one Bitcoin.
• 52:47
  And we got a guy in orange suit jacket with the Bitcoin flag
• 52:52
  standing on a bunch of what looks like.
• 52:55
  Coins. A bunch of coins and there's
• 52:57
  dollars in the background. I've been saying this and
• 52:59
  actually me and Dell were talking about this a few times.
• 53:02
  I I really do believe that even though as bitcoiners we stay
• 53:06
  stupidly bullish and and we're absolutely bullish about the
• 53:09
  future of Bitcoin, I don't even think we're bullish.
• 53:12
  We can't, we can't ever be bullish enough because we really
• 53:14
  don't know the final effects and what Bitcoin will do when it
• 53:17
  does what we know it will do. OK, next one is Pub Lord and
• 53:21
  again this is this is Bitcoin bear market memes.
• 53:24
  And he goes, hang in there, it gets better.
• 53:26
  I promise. And we got a picture here.
• 53:29
  It's Tiger Woods. First, having he's all dressed
• 53:31
  up, he's nice, he's fit. And then we got John Daly over
• 53:35
  here. Second having you're wearing
• 53:37
  crazy clothes got a crazy beard. You're smoking a cigar on the
• 53:40
  golf course. You just don't even care.
• 53:42
  You're like, I've been through it all.
• 53:44
  What can phase me at this point? This is the way.
• 53:47
  OK. This last 10, actually.
• 53:48
  Second, the last one is Marty's owl.
• 53:50
  Love you bro. And he goes.
• 53:51
  In less than a decade, the block reward is going to be less than
• 53:55
  a single Bitcoin. This game is so easy and we got
• 53:58
  a frog Pepe smoking a cigarette again.
• 54:00
  Going back here guys, you can't even imagine how significant it
• 54:03
  will be to own one whole Bitcoin.
• 54:05
  And in less than a decade the block reward is going to be less
• 54:08
  than a single Bitcoin. Guys, if that doesn't make you
• 54:10
  bullish, I don't know what will. This last one is my Mitchell
• 54:13
  hard on he goes. If you understand this, you
• 54:14
  understand Bitcoin few. And we got an XY axis. the Y
• 54:19
  axis is risk. The X axis is time.
• 54:21
  Actually, what is this Blockware Solutions meme?
• 54:25
  Shout out to Mitchell Huddle for reposting it.
• 54:28
  And we got the Bitcoin logo and it's going from left to right
• 54:32
  from the highest risk to the lowest risk overtime.
• 54:36
  And then we got on the opposite side.
• 54:38
  We have the US dollar, what seems like no risk, but overtime
• 54:42
  it becomes high risk. And this is what we say all the
• 54:44
  time. We have these conversations with
• 54:46
  our normally friends all the time and then they all say the
• 54:49
  same thing. A Bitcoin is so risky.
• 54:51
  How am I gonna pump my life savings in Bitcoin?
• 54:53
  I you know the dollar is stable, $1.00 equals $1.00.
• 54:57
  Well, if you understand anything about the traditional financial
• 55:00
  world, I think the writing is on the wall that the dollar may not
• 55:04
  be that safe anymore. It may be Treasury bills aren't
• 55:06
  as safe as they say they are. A man.
• 55:09
  What is going on in the world? It doesn't matter.
• 55:12
  Everything is trending to zero against Bitcoin.
• 55:14
  All roads lead to Bitcoin. Anyways, guys, drop your meme
• 55:17
  review score, wait over there in the chat and I will cover them
• 55:21
  live on that note. Actually, let's go that way.
• 55:24
  Dell, you start because I haven't picked mine yet.
• 55:27
  These clementines or. Mandarins.
• 55:29
  Whatever they are, no, they're apples, OK?
• 55:33
  They're not Apple. All right, James.
• 55:34
  What is your meme review score? I'm going to go ahead and plug
• 55:37
  our, UH, Apple and Stamp Seed Collab and give the meme review
• 55:39
  Score a brand's bake a new titanium iPhone.
• 55:42
  Wow, he's He may not be with stamp seed, but we're both using
• 55:47
  titanium so. James May or may not be invested
• 55:50
  in titanium stock. I will not expose his holdings.
• 55:54
  OK, all right. Chris, what is your meme review
• 55:57
  score? I got UH, Crypto Sovereignty by
• 56:00
  Eric Cason. So, you know, you can pick that
• 56:01
  up at the Bitcoin Magazine. In store.
• 56:03
  Eric just published his book. I just finished it.
• 56:04
  It's great read so. Yeah, guys, I got a I got an
• 56:09
  interview with Eric Cason last night.
• 56:11
  Absolutely blew my mind. I I was worn out by the end of
• 56:15
  the day and Eric Cason came in here and just he was worn out
• 56:18
  too. And we just got Super Cosmic for
• 56:21
  30 minutes. I'm I haven't read this version
• 56:25
  of his book, but I've read. Probably everything from Eric
• 56:28
  Cason and and I just love him. He's one of my favorite favorite
• 56:31
  bitcoiners. Okay.
• 56:32
  Hold on. Let me let me figure out my main
• 56:34
  review score right quick. Let's do this.
• 56:39
  I I took the the Kirkland Trail makes from the the VIP lounge
• 56:44
  because. I rug pulled myself on decaf
• 56:47
  coffee and I was sitting over there and I I wasn't thinking I
• 56:51
  was drinking decaf coffee. I grabbed some trail mix.
• 56:53
  I'm like this is going to be great.
• 56:54
  And then I realized I pulled myself a decaf.
• 56:57
  Now I I got one thing so but I will have to get some non decaf
• 57:02
  coffee soon because you know me. I need I need I need like 12
• 57:06
  coffees just to get through the day on on these crazy crazy
• 57:09
  days. All right.
• 57:10
  Anyways guys, we got some in the oh wait wait sorry first and
• 57:14
  foremost. Shout out to everyone that's
• 57:17
  been supporting the show. Get yourself some simply Bitcoin
• 57:20
  merch. You guys have been telling me
• 57:22
  you love the merch. I I'm really honored that you
• 57:24
  guys are wanting to support the show, but not only that being.
• 57:29
  Walking billboards for a very simple message guys.
• 57:32
  It's not necessarily just simply Bitcoin here as the media
• 57:34
  company, the message is simply Bitcoin.
• 57:37
  It's not crypto. It is simply Bitcoin guys.
• 57:39
  So scan the QR code, get yourself some merch.
• 57:42
  We will get you guys hats. You guys have been telling me we
• 57:45
  need hats. I know Sophie is on the mission
• 57:49
  to get female cut sizes. Female sizes.
• 57:52
  So they look pretty on you guys and you can look super sexy
• 57:55
  rocking some Bitcoin gear. And we are in the works and in
• 57:59
  the talks with some of your favorite Bitcoin artists to get
• 58:02
  you guys some simply Bitcoin designs.
• 58:05
  Anyways, guys, I know that we have some scores in the chat.
• 58:09
  Here we go. All right, hold on, guys.
• 58:12
  I'm. I'm scrolling up.
• 58:14
  I'm scrolling up. Let's see.
• 58:15
  Let's see. OK, OK, Memes.
• 58:19
  Wait, can I read this? Hold on.
• 58:21
  I gotta. I gotta filter this one.
• 58:23
  Hold on. Oh, yeah.
• 58:28
  OK. I can read it.
• 58:29
  I can read it. All right.
• 58:30
  Christine Lagarde. Praying.
• 58:31
  Mantis version score. Opti.
• 58:33
  Junior Junior. Grandpa Opti.
• 58:36
  How did we get so rich, Grandpa Opti.
• 58:38
  Well, first I learned how to take self custody.
• 58:41
  Then I met your grandmother on the French Riviera.
• 58:43
  I can only hope. I can only hope.
• 58:47
  OK, next one is Ray, the elevator.
• 58:48
  I scored the memes. The national emergency test done
• 58:51
  in USA and Russia on the same day.
• 58:53
  Yeah, that was that was very interesting.
• 58:55
  I saw that as well. Okay.
• 58:57
  We got XX meme score equal 1 John Daly Long drive.
• 59:02
  Yes, this is the way John did look.
• 59:04
  I don't know golf at all, but John Daly is a legend.
• 59:06
  Okay, we got Vera para and he goes.
• 59:08
  I give these memes a red update button in Chrome.
• 59:12
  Okay I I I don't. I don't exactly know that one.
• 59:15
  Maybe it maybe I don't know. Maybe it might I need to update
• 59:18
  my Chrome. I don't know.
• 59:19
  Anyway, big one for Canadians. I give those memes to memes
• 59:22
  Supply Shock Moon Candle in time for Christmas.
• 59:25
  We can only hope. We can only hope that October
• 59:28
  leads to a beautiful, beautiful Christmas.
• 59:31
  Let's see, Tore up huddle meme. Score FOMO for missing the
• 59:37
  conference, guys. Hold on, hold on, hold on.
• 59:39
  I tell you all the time, you always get the FOMO around the
• 59:42
  conferences and This is why you got to go anyway.
• 59:45
  Anyways, a couple more, couple more feel.
• 59:48
  See, I give these memes in the book the Bitcoin Standard.
• 59:51
  For those who haven't read it yet, it's a must read.
• 59:54
  Let's go Philip Rizzo. I swear the means off the
• 59:56
  writing Lagarde phone number on paper and it gets destroyed.
• 1:00:00
  OK, OK. Uh.
• 1:00:03
  Next one score. Fuck banks.
• 1:00:05
  It's Friday. Stack some mother effing sat.
• 1:00:08
  So let's go. OK, you can see you can hear the
• 1:00:10
  music. We're getting a little more
• 1:00:13
  drastic. A little more dramatic.
• 1:00:14
  Sat wise. Jenks.
• 1:00:15
  I give these means. Thousands of people spending
• 1:00:16
  money at a Bitcoin conference instead of buying big.
• 1:00:19
  Oh right. Hey.
• 1:00:21
  You gotta have some fun, guys. You gotta have some fun.
• 1:00:25
  But yes, stack sets. This is priority number one.
• 1:00:29
  Always stack sets. And then if you wanna come hang
• 1:00:32
  out with all your favorite Bitcoin, really your friends.
• 1:00:35
  It's really more like a family reunion.
• 1:00:38
  Yeah, it's like I know you guys are thinking about going to like
• 1:00:42
  El Salvador and it's just like a party.
• 1:00:44
  You really just you got to get around here so you can see your
• 1:00:47
  friends. You don't you don't get an
• 1:00:48
  excuse to go on a vacation and hang out with like minded
• 1:00:50
  individuals very often. Anyways, thank you so much for
• 1:00:55
  coming James. Really appreciate it.
• 1:00:56
  And what we'll get in touch about doing 11 off simply
• 1:01:01
  Bitcoin theme stamp seed for you guys.
• 1:01:03
  AT21K giveaway. I'm going to get wine to talk to
• 1:01:06
  all of our sponsors and we'll see what we can do for you guys.
• 1:01:08
  We want to do something special, you know.
• 1:01:10
  We're excited for the big round Number of 20K on our YouTube,
• 1:01:13
  but 21 K seems to be fitting. We'll.
• 1:01:15
  Probably do a whole kit, right? Oh.
• 1:01:17
  With the 101 plate, wow. What are you gonna do with just
• 1:01:20
  the plate? You need the whole setup.
• 1:01:21
  So wow. It's gonna be a good one.
• 1:01:22
  All right. Just goes to show you that James
• 1:01:24
  loves you guys. All right.
• 1:01:26
  We love you guys. All right.
• 1:01:29
  Well, James, thanks for showing up with us.
• 1:01:31
  Thanks for hanging out with us. Thanks for having a good time.
• 1:01:33
  And then of course, Chris Alamo. Always a pleasure.
• 1:01:37
  We we literally pretty much abducted Chris and he's part of
• 1:01:41
  simply Bitcoin now for this weekend I'm I have him running
• 1:01:44
  around helping me. I'm going to probably have to
• 1:01:47
  send you some Sats, but I was buying him drinks last night so
• 1:01:51
  we we might be good, we might be good.
• 1:01:52
  But Chris, how's your weekend been?
• 1:01:55
  And and thanks for hanging out with this bro.
• 1:01:56
  No, it's always a pleasure. Great hanging out with you guys.
• 1:01:58
  That was great meeting James. It's like I I think I want to
• 1:02:00
  pick up one of these kits. It's really sweet some of the
• 1:02:02
  stuff. So pleasure being here.
• 1:02:03
  Thanks for having me guys. I was always.
• 1:02:05
  Let's go look at everyone. Sick prize.
• 1:02:07
  Yeah, we'll figure out how to get you guys.
• 1:02:10
  We're gonna do one of those anonymous giveaways.
• 1:02:13
  I'll figure out one of the subscribers.
• 1:02:15
  Actually, maybe. Maybe I'll have to do like
• 1:02:17
  someone that's in the chat all the time.
• 1:02:20
  So, like, you're a loyal guy. I will figure.
• 1:02:21
  I'll figure out. Anyways, Dale, how you doing
• 1:02:24
  what you got planned for today? Is there anything on your event
• 1:02:27
  schedule? Not that I know of.
• 1:02:31
  No, I don't know. Well, we'll be doing some
• 1:02:33
  interviews, so you can't just run off today where we're gonna
• 1:02:36
  have to get some interviews done in the meantime.
• 1:02:39
  Anyways, guys, we love you. I know the live stream's a
• 1:02:43
  little chaotic when we're live. It's a little different, but we
• 1:02:47
  give you guys a signal every single day and This is why you
• 1:02:50
  got to show up and and again on that note shouts out to everyone
• 1:02:53
  that was giving us love in person.
• 1:02:54
  It really is honoring and humbling that you guys enjoy
• 1:02:58
  what we do here, that you guys show up every single day, that
• 1:03:02
  you guys are adamant about spreading Bitcoin and that you
• 1:03:05
  guys just like to have fun with us here at Simply Bitcoin.
• 1:03:07
  I was getting so much. Love it.
• 1:03:09
  Just man it. This is why you got to come to
• 1:03:11
  this stuff is because you get to hang out with your friends, your
• 1:03:13
  family and new friends and they're just just just keep
• 1:03:17
  telling you. Like man, you really are a part
• 1:03:19
  of my life and I'm just like dude, I'm just ranting into my
• 1:03:22
  computer and I forget that there's people out there that
• 1:03:25
  enjoy and benefit from what we do.
• 1:03:27
  So we love you guys, hope to see you guys soon.
• 1:03:31
  And on that note, we are out. Keep an eye on our You Tube.
• 1:03:36
  I will probably get some of the clips out, maybe today and
• 1:03:40
  tomorrow over the weekend, but we will be giving you guys clips
• 1:03:43
  throughout the week. I'll try to get them up as
• 1:03:45
  quickly as possible for you guys.
• 1:03:46
  So peace out guys. Have a good rest of your day.
• 1:03:50
  It's the weekend. Get outside, touch some grass,
• 1:03:52
  get some good food and hang out with your loved ones and make
• 1:03:56
  sure you are getting your 10K steps in right Stephen Lovka?
• 1:04:00
  All right, Peace out guys.