Latest / Simply Bitcoin / Michael Saylor's Genius Bitcoin Strategy | EP 1063

Transcript

Michael Saylor's Genius Bitcoin Strategy | EP 1063 · Simply Bitcoin

0:02
It's all going to zero against Bitcoin.
0:06
It's going up forever. You're.
0:15
Against Bitcoin, you're against freedom.
0:24
Shifted a year ago, no one would discuss it.
0:26
Now you've got, you know, you got Robert F Kennedy talking
0:31
about it. You've got a bunch of senators
0:33
talking about it. So I just think we start with
0:36
the conversation. I keep my expectations low.
0:40
I think we should all keep our expectations low.
0:43
But with the observation that when a government starts talking
0:47
about owning it, they legitimize it.
0:49
And that means what they're not talking about is taking it away
0:53
from you. So when they're not talking
0:56
about owning it, like if you look at the German government,
0:59
they emergency sold it because it could go to 0.
1:03
And so the narrative of it's not an asset and it's, you know,
1:08
it's a criminal thing and it's going to zero.
1:11
That thing is pernicious. And if you want to move forward,
1:15
you have to put a firm foundation.
1:17
So I think when the government starts talking about it, that
1:21
means that individuals and small companies will feel comfortable
1:25
enough to move in. They'll move first.
1:26
They'll front run right. The government's always going to
1:29
be slow. It's always going to be ham
1:31
fisted. There'll be a lot of fighting.
1:34
But I think the individuals and families will move.
1:36
I think if the government's considering it, it becomes a lot
1:40
less risky for you to discuss it in the board meeting.
1:42
So when I go into a board room and they asked me, I can say,
1:47
you know, micro strategy is doing, but guess what?
1:48
Here all the politicians that have this bill and the question
1:52
is, will I get fired if I propose it?
1:55
So I think the Overton window is shifting.
1:58
I I'm not expecting, you know, that a government's going to buy
2:02
a ton of Bitcoin tomorrow and put it on the wire.
2:06
I think, I think you have to discount that.
2:09
I do think we will over the next four years, see some government
2:13
start to take a position. It'll probably come out of the
2:16
blue. It'll probably be someone you
2:17
didn't expect and it'll be a good thing.
2:20
But my, I generally think this, this plays out over epics four
2:26
years. This is the early institutional
2:29
phase, then another four, then another 4.
2:32
Yeah, welcome to simply Bitcoin Live, your number one source for
2:34
the peaceful Bitcoin revolution. Cover breaking news, culture,
2:37
medic warfare. We'll be your guide through the
2:39
separation of money and stage streaming at you live from the
2:43
beautiful Puerto Rico. So I'm not in my home studio
2:46
today, but anyways. We are back.
2:48
On YouTube. And of course, that's thanks to
2:51
all the Bitcoin community for really just calling attention to
2:55
it. This was a crazy weekend for me,
2:59
Opti and the rest of the Simply Bitcoin team.
3:02
And I think it also highlights the fact that it's so important
3:08
protocols like Noster, we're gonna talk about that during the
3:11
culture. And of course, alternative
3:12
platforms like Rumble and X, because just the reality is that
3:17
man, like the way that the, the way that it works right now is,
3:21
you know, these centralized platforms, right?
3:23
And I also want to give, you know, give thank you to YouTube
3:26
for letting us back on the platform.
3:28
You know, it's, it was it was just quite interesting because
3:31
we really tried to go above and beyond to follow the community
3:35
guidelines and we're just thankful that the channel got
3:38
restored. But that being said, you know
3:40
it, we were talking about this internally yesterday, Optini and
3:44
we were just like, you know, I think we can make this work with
3:47
these alternative platforms, but we got very, very lucky and of
3:51
course we're thankful for the Bitcoin community and of course
3:54
we're we're we're thankful for YouTube as well.
3:56
Anyways, today we're going to talk about Michael Saylor's
4:00
genius Bitcoin strategy. I mean, like this guy's stock is
4:06
essentially outperforming everything in the SNP and his
4:12
predictions have come true. But there's a kind of like a
4:16
deep deeper philosophical reason as to why this is happening.
4:21
Obviously, I think Saylor was the first to capitalize on it.
4:25
I think any other company that follows in the footsteps of
4:28
Michael Saylor is going to have a very difficult time acquiring
4:31
1% of the 1% of the supply. So he has the first mover
4:36
advantage. But I think as time progresses,
4:39
more and more, not only companies but also nation States
4:44
and individuals are going to start to see what Michael Saylor
4:48
is doing. And there's no amount of
4:51
ideological, you know, bent that you can have that's going to
4:56
deny the performance of MicroStrategy and how well it's
5:01
doing. And the reason it's doing so
5:03
well is because it's adopted a Bitcoin standard.
5:07
And that's one of the things that I've been trying to
5:10
convince you guys for so long, this when you adopt A Bitcoin
5:15
standard and the world around you and the people around you
5:17
have not, they have a competitive disadvantage against
5:21
you. Why?
5:23
Because the money that they're using, whether they're using
5:26
that money and keeping it in savings or whether they're just
5:31
using that money to transact whatever it is, that money is
5:35
constantly losing purchasing power.
5:37
And if you're not only saving in money that not only does it not
5:43
lose purchasing power, it actually increases in purchasing
5:45
power over time, but you're actually using that money to
5:48
transact it. It.
5:50
Completely changes your finances.
5:52
It completely changes the, the game.
5:55
It's, it's almost like as if it's a cheat code because all of
5:58
a sudden your runway just continues to get larger and
6:02
larger and larger and larger over time.
6:05
And the name of the game for a company, specifically a Bitcoin
6:08
company, every company really should be how much Bitcoin can
6:12
you accumulate and hold onto? And as Bitcoin, you know,
6:17
increases in value over time, you're going to have a you're
6:21
just going to have an advantage. Like it, it's literally a cheat
6:23
code. And Bitcoin is the best
6:25
performing asset. It's the most liquid asset.
6:28
It's the asset that you can take custody of the easiest, in my
6:32
opinion, especially if you have the technical know how how to do
6:35
that. And yeah, it's, it's, you know,
6:38
it's, it's it was obvious in hindsight, but at the time it
6:43
was genius. And, you know, it also took it,
6:47
it, it took a lot of courage from Michael Saylor and it took
6:51
a lot of courage on the nation state level from Naimbu Kelley.
6:55
But Fast forward, Michael say again, these things are not
6:58
coincidences. I refuse to believe these are
7:01
coincidences. The first, the first company
7:04
public company that has adopted a Bitcoin strategy.
7:08
It has is the best performing company in the SNP and the first
7:12
country to make Bitcoin legal tender has the most popular
7:16
president in the Americas. Like you're starting to get
7:19
little data points and those are things that are obviously
7:23
incredibly obvious to Bitcoiners that have adopted a Bitcoin
7:26
standard because these are all benefits that you've started
7:30
feeling. The only difference is, you
7:31
know, you obviously don't have massive public companies behind
7:34
you, or maybe you do, or you probably don't, or you're
7:37
probably not the president of a nation state, right?
7:40
So anyways, it's going to be a great show.
7:41
We have more information on that front.
7:43
We're going to talk about, you know, censorship.
7:45
We're going to talk about protocols.
7:47
We're going to talk about platforms during the culture
7:50
segment. I hear I I have Hero Wings, my
7:53
legendary Co host who's not optimistic today for some
7:55
reason. You just caught me.
7:57
You you caught me at the. Wrong time.
7:58
I don't know what's going on with Opti, but but yeah, man,
8:01
it's, it's been a crazy weekend and it's, it's, it's, it's nice
8:05
to be back on YouTube, bro, but it's also nice to be on Rumble
8:10
and it's also nice to be on X. Like it, it, it was, it
8:13
literally broke my heart, man, seeing that our audience like,
8:18
you know, followed us on Rumble and like, I was just like, I was
8:21
blown away. I was speechless.
8:23
And when I saw that happen. So, you know, the signal don't
8:26
stop. And of course, all our audio
8:29
audio, all our audio platforms, Spotify Anchor, Apple podcast,
8:34
Google podcast, whatever podcasting platform of choice,
8:36
of course, Fountain. And yes, everyone trolling me on
8:40
Noster. We are figuring out the Noster
8:43
situations. I had some really important
8:45
conversations this morning. We'll talk a lot more about them
8:48
during the culture segment. Anyways Opti how you doing bro?
8:51
Well I am doing wonderful I feel great Bitcoins working exactly
8:56
as designed the sun came up this morning and we're back on
9:01
YouTube So what a crazy weekend it we yeah it was pretty wild
9:07
and I'm glad to be back glad to get our YouTube real estate back
9:11
but I'm not going to lie Nico, yesterday our Monday and Tuesday
9:14
show were really fun on rumble. So I was already kind of
9:18
committed to us just being permanently gone, But hey, we're
9:22
back. And like we said, we're we're
9:24
going to talk about the different platforms and and
9:26
maybe do some some thinking out loud during the culture for you
9:30
guys. So we can, you know, figure out
9:32
exactly what the best course of action moving forward is for
9:37
Bitcoin. Are are simply Bitcoin and
9:39
Bitcoin content in general? Because hey, we never know,
9:42
maybe maybe we'll officially will eventually not be here for
9:46
you guys on YouTube, but we really love being here because
9:49
we put a lot of work in during the Bear March.
9:51
To build up our platform on YouTube and it would have really
9:56
sucked if we weren't here for the influx of the next leg up in
9:59
the bull run. And then I'll say this like like
10:02
what a lot of people don't know, and it's Opti.
10:04
You were told you told me this and it was BJ that told me this
10:07
as well is that YouTube is the second largest search engine in
10:11
the world. And the theme of the show is,
10:14
you know, will be your guide through the separation of money
10:16
and state. So obviously, the more eyeballs
10:18
we have on our content, the better it is in terms of our
10:23
mission to, you know, orange pill the world, right?
10:26
That being said, you know, we would have continued regardless.
10:30
And for anyone who's watching us on Rumble, what we've been
10:33
debating internally is to essentially, and there's other
10:37
content creators that do this, but we would have a YouTube
10:40
friendly version for like, you know, the first hour or so of
10:44
the show and then an extra 20 minutes on Rumble where we can
10:48
let loose a little bit more. So that's definitely something
10:52
that we're working on and we're going to have a lot of surprises
10:55
for you guys over the next couple of weeks in terms of of
10:59
content that we'll be bringing. You guys are going to love this.
11:02
Anyways, guys, before we jump into the show, I do bring I do
11:06
want to give a very special shout out to our lead sponsor.
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14:27
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14:34
per dollar 1711 dollars block height 858,833 blocks to having
14:42
191,167 having estimate March 25th, 2028 total lightning
14:49
network capacity 4878 BTC capacity value 285 million U.S.
14:57
dollars realized monetary inflation 1.41% market
15:02
capitalization 1.15 trillion Bitcoin verse gold market cap
15:08
6.66% in the grand scheme of things, we're just getting
15:12
started. I just want to give everyone a
15:14
reminder as well that once Bitcoin reaches the market cap
15:18
of gold, that puts the price of one Bitcoin at like 3/4 of
15:22
$1,000,000. So like $750,000 per coin,
15:25
right? And the question I have for you
15:27
guys is, do you think that Bitcoin is not a, you know, is,
15:32
do you think gold is superior to, to, to Bitcoin?
15:36
Like, don't get me wrong, I like physical gold.
15:39
I like holding physical gold in my hand.
15:42
But you can't just send physical gold instantaneously to someone
15:47
halfway across the planet. Can't do that when you start to
15:52
have a large amount of gold, starts to become heavy.
15:54
Like good luck trying to go through an airport with that,
15:57
right? Like the beauty of Bitcoin is
15:59
the ability to self custody a tremendous amount of wealth just
16:05
by writing 12 to 24 words and stamping in titanium.
16:09
And literally like, you know, you don't have to worry about
16:12
it. You can also send that money
16:14
anywhere around the world and it's also extremely liquid.
16:18
Go and try and sell a physical bar of gold.
16:21
You're going to have to go to you're going to have to go to
16:23
store, you're going to have to send that in there.
16:24
There's a process. Try selling your Bitcoin like
16:27
you want to buy a house or you want to you, you have to, you
16:29
know, you have to sell your Bitcoin for whatever reason.
16:32
That's instant liquidity. You can sell it immediately and
16:35
you can have that cash, those dollars in your account very
16:38
quickly. And then I think where the world
16:40
is going eventually is where you just won't.
16:43
You know, it's that the the neo meme, right, where you you won't
16:46
have to sell it back to dollars because you'll be able to use
16:50
your Bitcoin to buy goods and services directly with Bitcoin
16:54
anyways. So here's Michael Saylor.
16:57
I love this tweet. The future belongs to the bold,
17:00
right? And it says Bitcoin performance
17:03
versus other assets. So Bitcoin is up 431% since
17:08
2020, the Magnificent 7. So I'm assuming those are the
17:13
seven best performing stocks. They're up 233%.
17:17
The SNP is up 68%, gold 22%, Bonds are actually down 17%.
17:23
Hey, Nika. Hey Nika, You didn't pull up the
17:25
tweet. Oh, sorry about that.
17:27
So let me do that. There we go.
17:29
So yeah, so here's the here's the tweet by Michael Saylor.
17:32
And like I was saying, you guys could see that visually.
17:35
Bitcoin 431%, the seven best stocks 233%, S&P 68%, gold 22%,
17:42
and bonds 17%. Anyways, moving forward to this,
17:48
which is the part I want to highlight, four years on the
17:51
Bitcoin standard and you would have outperformed every company
17:55
in the SNP, including NVIDIA, by the way.
17:59
So that's right, MicroStrategy outperformed NVIDIA because it
18:04
adopted a Bitcoin strategy. Now I'll give you guys, you
18:08
know, I'll give you guys some food for thought.
18:11
Imagine if NVIDIA took a percentage of their of their
18:16
cash holdings and put that into Bitcoin.
18:20
Could you imagine how well that stock would have performed?
18:25
So not only are they producing the best graphics cards in the
18:29
world, which the AI, the AI software, they use those GPUs
18:35
and then now they're building out cards that are specifically
18:38
for AI. NVIDIA is the company that does
18:40
that. That's why it's stock has gone
18:42
through the moon because you know that the whole AI
18:44
revolution that's starting, right?
18:46
We ChatGPT, you have Grok on Twitter, you have these AI image
18:50
generators. Those are all all those things
18:53
are done in giant server farms with NVIDIA products like
18:58
NVIDIA, NVIDIA GP US or CP US or AI, whatever.
19:03
That's why it performed as well as it has.
19:06
But imagine MicroStrategy. All they did was just buy
19:09
Bitcoin, right? And of course they have a
19:12
company behind it. But imagine if NVIDIA bought
19:15
Bitcoin on top of being an awesome company making some of
19:19
the best, you know, CPUSGPUS in the world.
19:24
Like, imagine how well that stock would have performed.
19:28
So I think like this is the disconnect is that people don't
19:30
quite understand. And I'll say this, these
19:33
companies are performing the way they're performing despite,
19:37
despite having cash reserves that are literally melting like
19:43
an ice ice cube. Like, could you imagine a world
19:47
where these companies, including yourself, including nation
19:51
states, they're figuring out, they're figuring this out
19:54
despite the failure Fiat. Could you imagine figuring it
19:59
out with the bonus of a uncorruptible solid base layer
20:04
behind you? And imagine what that world will
20:07
be like? We all have like, you know,
20:09
those things like the one of the memes that we see, which is like
20:13
like airline travel back in the 70s and airline travel now.
20:17
And I'm sure you know this like if you're if you play video
20:20
games or if you just buy certain products or perhaps maybe even
20:24
Chipotle. I'm sure what you guys have
20:27
noticed over time is the, the quality of the products are,
20:33
are, are, are actually going lower.
20:35
Like if you go to Chipotle, like it's not Chipotle what it was
20:38
five years ago. The, even the video game
20:40
industry, it's not the video games that you were getting 5-10
20:43
years ago. Like regardless of the industry,
20:46
it's, it's almost as if the products are getting like worse.
20:49
And that's because they're trying to keep the price
20:51
relatively at the same level. But everything's going up,
20:55
right. So Bitcoin fixes this and
20:57
Michael Saylor had the genius to identify this as, you know, the
21:02
CEO of a public company and the humility to be like, you know
21:05
what? Everyone gets Bitcoin at the
21:07
price they deserve. I could have bought it sooner,
21:09
but I didn't, you know, let me jump on the Bitcoin train.
21:13
And of course, he's been leveraging his company to buy
21:16
Bitcoin. And this is the one of the my
21:18
favorite websites that I show to like high net worth individuals
21:22
or boomers or people that are just not skeptical on Bitcoin.
21:25
I'm like, look, listen, if you stop evaluating what your net
21:31
worth is in dollar terms and you start evaluating what your net
21:35
worth is in Bitcoin terms, everything gets progressively
21:40
cheaper over time, right? And here are the top like the
21:43
primary assets. So like the US dollar is 80%
21:46
cheaper, oil is 91% cheaper, gold is 90% cheaper, S&P 500 is
21:51
63% cheaper. The a medium house in the United
21:55
States, even with real estate like doubling because of all the
21:59
money printing that happened during the pandemic, it's still
22:02
85% cheaper than than if you were just saving in dollars,
22:07
right? And here is actually Michael
22:09
Saylor going on a podcast from another YouTube shout out to
22:13
him, by the way. And we'll give him a a verbal
22:15
shout out after the video is done kind of describing this
22:19
phenomenon and what is so unique about Bitcoin.
22:22
Let's check it out. Reflection point moving from
22:27
economics as art, you know, colored by superstition and
22:33
religion and ideology. And we're crossing this boundary
22:38
where economics becomes science and it's informed by mathematics
22:43
and engineering, right, and the scientific method.
22:47
But you know, you have to date that in my opinion to January
22:53
3rd, 2009 when Satoshi unleashes Bitcoin and, and there's a
23:01
singularity and all the sudden there's actually engineering,
23:05
physics and mathematical principles that are starting to
23:10
spread in a viral fashion through the economy.
23:14
And it was like a nothing and then it's $1,000,000 fire and
23:19
then a billion dollar network and then a 10 billion, then 100
23:23
billion. Now it's a it's a trillion
23:25
dollar network. But still a trillion dollars is
23:28
.1% of the economy. So point 1% of the economy has
23:36
clean money and 99.9% of the of the economy runs on dirty, toxic
23:43
assets that are defective, that are operated by people that
23:47
don't know they're trading defective assets.
23:50
Because how would you know if you'd never?
23:53
If you'd never seen Queen, How do you know that you're dirty?
23:59
I mean like beautifully beautiful put.
24:02
And also shout out to the content creator Block Trainer
24:05
for that interview with Michael Saylor.
24:08
So go check out his YouTube channel for that entire
24:11
interview. Anyways, also, it seems like
24:14
other companies are are following suit.
24:16
Here's similar scientific. They're one of the first also
24:19
publicly traded companies on the NASDAQ that kind of follow in
24:22
the footsteps of Michael Saylor. This is a this is a company that
24:25
was just kind of going sideways for a while and then they
24:29
started announcing, hey, listen, we're going to start buying
24:32
Bitcoin. They keep doubling down.
24:34
They hold currently 1012 Bitcoin.
24:37
Here's one of the latest quotes from the Chairman of Selmer
24:42
Scientific. He said we recently purchased
24:44
additional Bitcoins using primary cash from operations as
24:48
well as capital through our at the Market equity program.
24:51
We are encouraging, we are encouraged by the growing
24:54
institutional adoption of Bitcoin.
24:55
It was recently reported that for the first time institutions
24:59
own more than 20% of Bitcoin ETF assets under management.
25:02
We believe this increasing institutionalization will drive
25:06
value for both Bitcoin prices and for our stockholders.
25:10
And I love the part that Michael Saylor said in the beginning.
25:14
It's that like only 1% of the world has discovered that
25:20
they're using real money. And This is why MicroStrategy
25:24
stock has outperformed NVIDIA. Could you imagine what happens
25:29
to the world? Like, you know, the meme of
25:32
like, of like the future city? And it's like what I imagined
25:36
the year 2024 was going to look like and what it imagines now.
25:39
And it's like a wojack with his face, like, kind of melting.
25:43
Like, yeah, I believe that as a society, technologically,
25:48
economically, I think the the reason that we haven't gone
25:52
ahead as much as we should have is because of Fiat, because of
25:57
this corrupted money. And Michael Saylor has
26:00
identified it and he's applied it to his company.
26:04
And look at how well it's performing.
26:06
Naimbu Kelly. It's a plot like literally made
26:09
Bitcoin legal tender. El Salvador.
26:11
They're they publicly have their, they, they have, they
26:15
have their treasuries public, right?
26:17
Guess what? Look at how awesome El Salvador
26:19
is being the most popular president in the Americas.
26:22
Do you think that's a coincidence between those two
26:25
data points? And then of course, all the
26:27
individual stories, we've had so many people from all walks of
26:30
life, they come on the show and they literally tell you like
26:34
Goldilocks stories, like fairy tales about how Bitcoin has
26:37
completely changed their life. And again, it's not a fairy
26:41
tale. It's that you have found a money
26:44
that isn't stealing from you, allowing you to save for the
26:47
future. And because you're allowed to
26:50
save for the future, it gives you hope for the future.
26:53
And all of a sudden you start, you're able to start thinking in
26:56
the long term rather than what Fiat incentivizes you, which is
27:00
to think in the short term. Anyways, Opti I mean, bro, like
27:06
this is correct. Could you imagine a Sailor said
27:08
1%, only 1% of the world. Can you imagine when that
27:11
number, even if it gets to 2% to 3%, like what are they going to
27:16
do? And just commenting on what
27:18
Sailor was saying in the cold opening, right.
27:20
Like with the governments, it's like either government or a
27:24
adopting it or they're trying to seize it, right?
27:27
Like it's like either it's like one or the other, which is just
27:30
absolutely hilarious. Anyways, Michael Saylor has me
27:33
feeling incredibly bullish. I completely agree.
27:37
And I just got to say, man, any Bitcoiner that adopted Bitcoin
27:41
before 2020, I believe is when Saylor got in the fold.
27:46
Like, you know, you had the, you had the foresight to see it
27:50
before, you know, which was it's absolutely incredible.
27:54
And any Bitcoiner that adopted Bitcoin before January 2024, you
27:58
had the foresight to see it before BlackRock.
28:00
You had the foresight before it became an ETF.
28:03
So definitely give yourself a pat on the back.
28:06
Now, obviously we don't have most of us better said don't
28:09
have billions of dollars and millions of dollars to, you
28:12
know, just go ham and just buy Bitcoin like Sailor does.
28:16
But but still, you know, anyways, Opti, what's your take
28:20
on all this brother? This is some some some bullish
28:24
stuff from Sailor and dude, he's they don't call him the Chad
28:27
Sailor from for no reason. This is some 4D genius level
28:30
moves bro in my opinion. Yeah, well, First off Nico,
28:35
you're getting trolled in the chat because it's NVIDIA, not
28:38
NVIDIA. So that's the 1st.
28:40
I'm from Miami. I say, I say, I say peak cell
28:43
bro. It's NVIDIA.
28:46
NVIDIA Yeah, but but back-to-back, back to the topic
28:50
that we're talking about. And, you know, I stopped
28:53
trolling you. That's why we've been saying on
28:55
the chat for a while, you know, the hashtag Frantran when I got
28:58
trolled because I misspoke. And just taking that metric of
29:04
only, you know, I mean, obviously we probably don't have
29:07
a clear metric, but if that number is true and we're taking
29:11
that as a given, only 1% of the population has adopted Bitcoin.
29:15
This is what I've been saying for a long time that if you go
29:18
out and talk to normal people and you ask them about Bitcoin,
29:21
you're going to be hard pressed to find another Bitcoiner in
29:24
real life. And I know a lot of us
29:27
bitcoiners, we have this view like we're, we're this huge
29:29
community, you know, bitcoins at what 58 K we've hit 70 K like
29:35
we're at a trillion plus dollar market cap And and we, we have
29:38
the meme of like bitcoins already won.
29:40
We, it already feels to us like bitcoins taking over the world.
29:43
We know what it's done to our personal lives.
29:46
But when you talk to normal people, most people don't
29:49
understand the fundamental problem that Bitcoin is solving.
29:52
They don't understand the benefits that Bitcoin will give
29:55
you in your personal life. But having these examples like
29:58
Michael Saylor on the corporate level or Naibu Kelly on the
30:01
nation state level, and then every single one of us on the
30:04
individual level, it starts to open people's eyes up to the
30:08
fact that Bitcoin isn't just some Internet nerd money.
30:12
It isn't just a speculative asset like Bitcoin will
30:15
fundamentally change your life. And there is an actual problem
30:19
that Bitcoin is solving. 8 billion people on planet earth
30:22
are saving in something that is actively stealing from them via
30:25
inflation. And once you understand the
30:28
mechanisms and you start to learn and save in Bitcoin, take
30:31
Bitcoin into self custody, you know, live below your means.
30:34
And like all the means we talk about constantly, slowly but
30:37
surely you start to see that Bitcoin will benefit your life.
30:41
But most people out there still don't understand Bitcoin or
30:44
rather have a misunderstanding of Bitcoin.
30:47
And this is how I know we still have a lot of work to do until
30:50
Bitcoin is as ubiquitous with as saying the Internet like we
30:55
still have a lot of work. I I love the meme of the the
30:58
sole reason for the internet's existence is to propagate
31:01
Bitcoin like the Internet needs an Internet native money.
31:05
That's what Bitcoin is. But further we need as
31:08
individuals as people, as corporations, nation states.
31:11
Everyone needs something to save in and Nico.
31:14
I don't know. I think we briefly glazed over
31:18
it this week. It might have been Monday when
31:21
we kind of touched on it. But there was that Reuters
31:23
article about the fact that everyone is waking up to the
31:26
fact that treasuries aren't a good way to save their money.
31:29
And that's like the least risky investment that everyone and
31:33
their mother uses in their portfolios.
31:35
And now people are starting to see the cracks in the wall and
31:38
realize like, oh man, I need to save in something.
31:41
The things that I think are have no risk in it are not the best
31:45
investments in the world. And of course, all of us
31:48
Bitcoiners are just like a big old fat duh.
31:50
It's like, duh, it is Bitcoin like why are we monetizing
31:54
government debt? Why are we monetizing government
31:56
words as the risk, the least risky asset or investment
32:01
period. And all of us Bitcoiners just
32:03
constantly come out and he's like, dude, we just want a money
32:05
that that saves its. Value.
32:07
You're underplaying it. And shout out to Kaiser for
32:09
coining this. Everything's going to zero
32:11
against Bitcoin. Like it's not just bonds, it's
32:14
everything like I think it was Vikingo that said this and I
32:17
found it absolutely like hysterical and hilarious.
32:20
But he was basically like, try go like sell Bitcoin and then
32:24
try selling your house, right? Like and see which ones like
32:27
try, see, which is, it's not like there's like an like a
32:30
house exchange and like, you know, like they just can't do
32:33
it. You can't do it.
32:34
So like, yeah, Bitcoin is a superior asset.
32:37
I think it's just a matter of time before the world wakes up.
32:39
Sailor was dude, I got to be honest with you, like the amount
32:44
of Bitcoin that MicroStrategy has and the fact that he
32:47
continues to use the infinite money glitch.
32:50
Like I would not be surprised if MicroStrategy was one of the
32:53
most valuable companies on the face of the planet.
32:56
And by the way, a lot of people, you know, they, they feel a
32:59
certain way about Elon, but a lot of people forget that Tesla
33:03
holds about about 10,000 Bitcoin as well, right?
33:07
So like that's a lot of people don't talk about that, right?
33:09
So, you know, in Tesla, I would say is like a mainstream popular
33:13
company. I personally love their
33:15
products. Their cars are dope.
33:16
Because of Tesla maxi. Dude, they're so fast.
33:21
But but anyways, OK guys, we're going to get to the news.
33:24
We have lots to talk about. Let's check it out.
33:26
Here we go, the Daily News. I want to give a shout out to
33:34
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You don't need technically you don't need a hardware wall to do
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35:24
Anyways, I do want to talk about this.
35:27
We've been talking about this. It's been a crazy weekend in
35:30
terms of free speech and censorship.
35:33
Of course, you know, simply Bitcoin.
35:35
We got the platformed on Friday we we came back and that's thank
35:39
you to every single one of you guys making noise.
35:42
I also want to give a shout out to Forbes and I also want to
35:44
give a shout out to zero hedge for making articles about it as
35:48
well and of course the entire Bitcoin community can't
35:51
appreciate that enough anyways. So we had that happen on Friday.
35:57
We had RFKS historic speech where he talked about the
36:05
elements of the of elements of the government censoring the
36:10
speech of Americans. And of course, not to mention
36:13
the Telegram founder was, was arrested in France.
36:18
So here's a little bit of an update on that.
36:20
The Telegram founder, Paver Durov, I can't I don't know if I
36:24
pronounced that correctly transferred from police custody
36:27
to court after arrest in France. So he's in so he's not in
36:32
custody anymore, but apparently now he's in, you know, court
36:36
custody. Like I don't even know why they
36:38
they comes up come up with these types of articles.
36:41
But I just want to remind everyone the reason that he got
36:44
arrested is telegrams lack of moderation, right?
36:48
Like that is insane, right? And again, when they meet, when
36:52
they say moderation, like what does that entail, right?
36:58
Like what does that mean? Like what type of content should
37:01
be moderate? Like that's the whole thing.
37:04
And then if you know, you can have an opinion on that.
37:08
But This is why protocols like nostril are so important.
37:11
We're gonna emphasize that. We're gonna talk about that
37:14
during the culture segment and we are behind the scenes working
37:19
on towards moving more and more simply Bitcoin content to
37:23
Noster, figuring out how to host it on there.
37:25
It's a little bit complicated, but anyways, so This is why it's
37:29
so important because just like Bitcoin, where with Bitcoin you
37:33
can't just freeze someone's account.
37:36
Anyone can download a Bitcoin wallet, and now you can interact
37:39
with the global economy using the Bitcoin protocol, using the
37:43
Bitcoin network. And Oscar is the same thing, but
37:45
for social media, right? And what happens when you can't
37:49
take down certain things? If you can't take down certain
37:53
speech, and that speech is getting highlighted and it's
37:57
getting popular, then you are you're forced to essentially
38:03
discuss it and argue it. And if you don't have the truth
38:06
on your side, that tends to become a problem, which is why
38:09
censorship has become so pervasive.
38:13
Anyways, I do want to talk about not only that, but this kind of
38:21
moment in history that we're living through, one of the
38:23
central themes of the show, which is information narrative
38:27
trench warfare on the battlegrounds of the Internet.
38:30
Get involved. Make your voices heard.
38:32
How do you get involved? Well, it's very simple.
38:35
Create an account on X create. I don't know if create and it's
38:40
not an account on protocol create a What's it called?
38:43
What's the correct terminology here?
38:44
Opti. I don't know make an account on
38:47
any of the noster clients. And then get your public key and
38:52
your private key. But it's not really an account,
38:56
right? Functions more like Bitcoin
38:59
create, you know, create an account on rumble, create an
39:03
account everywhere right and you now have the ability to make
39:07
your voice heard. So whenever you see this type of
39:10
stuff, which is what I want to talk about today, when you have
39:13
Steve Hanke basically saying that crypto owners, these are
39:17
his words, not mine, are psychopaths.
39:22
Since you have the ability to make your voices heard, you
39:26
could make your voice heard and you could, you could let them
39:29
know how you feel about it. So if someone sees that tweet
39:32
and they're following Steve Hanke and they scroll, look at
39:36
all these comments, right? So first one from Dave Denver
39:40
Bitcoin responding to Steve Hanke basically saying that
39:43
research finds that crypto owners are psychopaths.
39:47
Adamo says haha, central bankers are sophisticated psychopaths
39:51
creating value from nothing, robbing everyone and claiming
39:54
altruism. Luke Mitchick says yet anyone
39:57
who is holding Fiat is funding war against innocent women and
40:00
children. Checkmate.
40:01
He says given this relevation, I'd advise folks not to use the
40:05
bridge bridges of train stories I designed for a living.
40:09
As an engineer, my scientific skills and intent are clearly
40:12
compromised. Shame I won't tell you which
40:14
ones I worked on. And Preston Pitch says, and
40:17
don't forget John Harr. I love Preston's response.
40:21
John Harr says. And you're going to and you're
40:23
and you're going for the top spot.
40:25
Aren't you anyways, so now do politicians by Walker Walker
40:30
America. So absolutely hilarious.
40:33
But let's read some of this article and I do want to talk
40:35
about it with Opti. So I'm just going to read the
40:37
abstract, the very top and I want to let I want to I want to
40:41
know your guys's thoughts, what you think about this.
40:44
This is like a legit like publication like this is an
40:47
actual research article. I can't even like how they take
40:52
this seriously is beyond me. But it go It reminds me of
40:56
Naimbu Kelly's famous words in the article Don't drink the
41:00
elites kool-aid written for Bitcoin magazine where he says
41:04
that their most important weapon is their control over the truth.
41:08
And I think this is what it is anyways.
41:11
So this is what this is what they're trying to claim.
41:14
Cryptocurrency is a digital asset secured by cryptography
41:17
that has become a popular medium of exchange.
41:19
Oh wait, I thought that wasn't the case because if you to
41:23
certain central bankers that that's not the case at all,
41:26
right. An investment known for it's
41:29
anonymous transactions, unregulated markets, and
41:32
volatile prices. Given the popular subculture of
41:36
traders it has created and its implications for financial
41:39
markets and monetary policy, scholars have recently begun to
41:43
examine the political, psychological and social
41:45
characteristics of cryptocurrency investors.
41:48
A review of the existing literature suggests that
41:51
cryptocurrency owners may possess higher than average
41:55
levels of non normative psychological traits and exhibit
42:00
a range of non mainstream political identities.
42:03
However, the extent the extent literature typically employs
42:07
small, nonrepresentative samples of respondents and examines only
42:11
a small number of independent variables in each given study.
42:14
This presents the opportunity for both further testing of
42:17
previous findings as well as a broader exploratory analysis
42:21
including more expansive descriptive investigations of
42:23
cryptocurrency owners. To that end, we pulled 2001
42:28
American adults in 2022 to examine the associations between
42:32
cryptocurrency ownership and individual level political,
42:36
psychological and social characteristics.
42:38
Analysis revealed that 30% of our sample have owned some form
42:42
of cryptocurrency and that these individuals exhibit A diversity
42:46
of political allegiances and identities, which is something
42:49
that we've been saying on the show for a while.
42:51
Bitcoin is for everyone. We also found that
42:54
cryptocurrency owner that crypto ownership was associated with
42:58
belief in conspiracy theories, dark personality characters the
43:07
dark triad of narcissism of narcissism, Machiavellianism,
43:13
psychopathy, and sadism. The last one might be right
43:18
though. Sadism for sure.
43:20
More frequent use of alternative and fringe social media
43:23
platforms when examining a more comprehensive multivariate
43:28
model. The variables that most strongly
43:31
predict cryptocurrency ownerships are being male,
43:34
relying on alternative fringe social media as one of primary
43:38
of one's primary news sources. Argumentiveness and adversive to
43:43
authoritarianism. Like I got a question for you
43:46
'cause it's all about the framing, right?
43:49
Like if you are a central bank and you want people to believe
43:54
that they'll own nothing and be happy, and you want people to
43:58
believe in Fiat currencies, like, aren't these the perfect
44:02
words? Like argumentiveness?
44:05
Fiat is a scam. That would be considered
44:08
argumentiveness, right? Relying on alternative fringe
44:12
social media? Yeah, It's because some people
44:15
get banned off social media platforms for saying that Fiat
44:18
is a scam and it is. So I mean, like and again,
44:24
relying on social media as one's primary news source at this
44:29
point, if you're not doing your own research and relying on
44:33
different information sources like Noster, like X, like
44:38
Rumble, like YouTube and legacy media to come to your own
44:44
conclusion as an individual, like you could have found
44:49
yourselves in some very interesting situations over the
44:52
last couple years. These findings highlight
44:56
numerous avenues for future research into the people who buy
45:00
and trade cryptocurrencies and speak to the broader trends in
45:03
anti establishment attitude, attitudes and non normative
45:08
behaviors. OK, so we got to backtrack this
45:12
because it kind of reminds me of the Nural Harare thing, which is
45:18
like the reason I don't like Bitcoin is because it's a
45:22
currency of mistrust. Well, you have to ask yourself,
45:25
like, why did I adopt Bitcoin? Why did Opti adopt Bitcoin?
45:32
I adopted Bitcoin out of desperation.
45:34
I adopted Bitcoin because of what happened during the 2008
45:37
financial crisis. I adopted Bitcoin because if
45:40
you're a millennial or you're a Gen.
45:42
ZR, you can't afford a home if you've been living on a Bitcoin
45:48
standard. I showed you guys this, I, I
45:50
pulled up the data and you let me know if you believe this
45:54
range or a conspiratorial or, you know, what was the other
45:58
word? Aggressive.
45:59
It's like, like you can perceive it as aggressive, but just
46:04
because you perceive it as aggressive doesn't mean that
46:06
what we're saying isn't true. Like the reality is that look
46:10
like if you've been saving in Bitcoin, this is undeniable.
46:14
You can look up the data yourself.
46:16
Don't take our word for it. Do the research.
46:19
Everything gets cheaper this and again, it it's not just like
46:24
little examples like that. You're seeing this on on on the
46:27
public markets with MicroStrategy.
46:30
So like, you know, the, the way that this article is framed is
46:34
like, don't believe your eyes. Trust us, bro.
46:39
And I'm, I'm very curious. I wonder who is, is funny, these
46:43
types of research projects, right?
46:47
Because it's like, yeah, you can call us, you know, to use Steve
46:50
Hankey's words, psychopaths. You can call us argumentative.
46:54
You can call us anti establishment, but it's
46:58
completely leaving out conveniently why we feel a
47:03
certain way. And the reason that especially
47:06
the younger generations feel a certain way is because we lack
47:10
the opportunities that our parents once had because of
47:14
broken money. And Bitcoin literally fixes
47:18
this. And when we tell people about
47:21
Bitcoin and we try to get the message out, we are literally
47:25
attacked for doing that. And in regards to the
47:30
alternative social media platforms, it's like, yes,
47:33
people get de platformed for even bringing this up.
47:37
So you know, like it's, it's, it's it's I don't know what to
47:42
call it. Like is that like a
47:43
professionally written gaslight Opti?
47:46
Like like it's like a, it's a, it's a, it's like a research
47:50
paper to justify gaslighting. They conveniently leave a lot of
47:55
part out, a lot of parts out, and that is a little bit
47:58
frustrating because it doesn't give all the context.
48:01
Why are young males seeking alternatives?
48:05
It also, by the way, reinforced something that I've been telling
48:09
you that this isn't a left and right thing.
48:11
It said it in the paper. People from all political
48:14
ideologies are flocking to alternative currencies, and
48:17
there's a reason for that. Fiat is a scam Fiat.
48:22
If you live on a Fiat standard, you get progressively poorer.
48:25
And if you live on a Bitcoin standard, you get progressively
48:29
wealthier over time. Like I don't know what else to
48:32
say. That's that's my take, bro.
48:34
But anyway, shout out to Opti for posting this in in our kind
48:38
of like on our on our show notes so that we can cover it because
48:42
I saw it and I'm like, dude, like this guy's just doubling
48:44
down, isn't he? Yeah, well, Steve Hankey, if I'm
48:49
saying his last name correctly, he's been an ardent anti Bitcoin
48:54
person for a long time. And my, my first question
48:57
though, is I'm, I'm unsure this is a new study or if he's just
49:01
rehashing an old study. I, I didn't look into the, the
49:05
release date, but you mentioned 2022 and I remember that this if
49:09
it's the same one, it might be a different one.
49:11
You know, you guys can Fact Check me.
49:12
I remember this rolling out in like 2022 and we all like took
49:15
it as a badge of honor. It's like I forget all the
49:17
things they've called Bitcoiners throughout the years that I've
49:20
been in Bitcoin, You know, where, where financial
49:23
terrorists, where where criminals and money launderers.
49:26
We're psychopaths, we're economically illiterate.
49:29
So a lot of I know, I know this is me quoting mainstream media
49:34
here. This is my direct quote of what
49:37
they've called Bitcoiners is what I'm saying here.
49:39
And it really just makes you wonder what their incentives
49:44
are. Obviously, as a Bitcoiner, we
49:45
understand these Keynesian economists are absolutely
49:49
terrified of the fact that, you know, a bunch of basically in
49:53
their eyes, kids on the Internet are doing so well because we all
49:56
took took the deep dive and, and tried to understand Bitcoin and
50:00
we did our own research to understand what is actually
50:02
going on. And a lot of the things that
50:04
Bitcoin stands for is a direct opposition to what the expert
50:09
class, the academic class has been taught about economics.
50:13
And so of course, a lot of us Bitcoiners that probably found
50:16
ourselves on the outside of academia are like, well, this is
50:21
my direct experience with reality and it doesn't correlate
50:26
with what you guys are talking about in academia.
50:29
And of course, if you're on the flip side and you've invested so
50:31
much time into academics and your position, you know, your,
50:36
your pH, DS, etcetera, then you're so invested in the system
50:41
that it's hard for you to kind of look outside of where what
50:45
your vantage point is. You're esteem in life.
50:48
And so you're looking at a bunch of kids and you're like, you
50:50
guys like trust the experts, bro.
50:52
You guys don't know what you're talking about.
50:54
And all those bitcoins are like, yeah, like cool story bro.
50:56
Cuz all of my net worth has gone on up on Bitcoin, except for all
51:02
the Bitcoin I've lost in a boating accident.
51:04
So it's like our direct experience completely
51:08
contradicts what the experts are saying about the truth of
51:11
economics. And it's it's absolutely making
51:15
them seethe and freak out because we would say we're
51:18
right. They're still invested in their
51:20
system, but we're in a new paradigm.
51:22
And this is what Bitcoin shows you.
51:23
It is a fundamentally new paradigm right now in the
51:26
digital revolution that we find ourselves in.
51:29
And like we said in the beginning, most people are still
51:31
haven't woken up to the fact that there's new rules to the
51:34
game. And it's about adopting in
51:36
Bitcoin and saving in Bitcoin and not getting caught up in in
51:40
the Fiat machine. And it's absolutely incredible
51:44
that we're at the point of the cycle right now where if we are
51:47
rehashing old debunked articles here, you just got to love to
51:52
see it. Like you just love to see it.
51:53
And then actually one last thing that that I'm basically going to
51:56
steal from the chat here. I really wonder who they asked
52:01
during that study, because it doesn't sound like Bitcoiners to
52:06
me. It could sound like a lot of
52:08
crypto traders out there because they they probably do fall into
52:13
a lot of these dark triad traits that they are talking about
52:17
because, you know, they're they, it's a special person that goes
52:20
out there knowingly scamming newbies by by shilling them, you
52:24
know, all coins as the new Bitcoin.
52:26
And then there is of course a lot of intellectual yet idiots
52:30
that follow along and lemmings that get wrecked along that
52:32
process. And so I would love to see who
52:35
actually was a part of this study, cuz are they actually
52:38
Bitcoiners or are they the crypto adjacent crowd?
52:42
Yeah. And again, we're free market
52:45
Maxis at the end of the day. So if you wanna buy a crypto,
52:50
feel free to do that, but don't, again, don't take, don't take my
52:56
word for it guys. Wait, wait, Nico, they can do
52:58
their own research. Remember the study?
53:00
Yeah, so like don't don't take my word for it guys.
53:03
Like everything goes to zero against Bitcoin.
53:07
So if you value like the the alternative cryptos like
53:14
Ethereum, Solana, whatever, whatever, what Cardano doesn't
53:18
matter if you compare them in dollar terms, they make all time
53:22
highs. But it's what I was saying in
53:24
the beginning, you shouldn't be valuing your net worth in dollar
53:27
terms. You should be valuing your net
53:28
worth in Bitcoin terms. And actually all of them, they
53:33
haven't made, they haven't, they haven't overcome their previous
53:37
all time highs in Bitcoin terms. So I think Etherium peaked in
53:41
like 2017 or, or maybe it was like 2020 or something.
53:45
That was the peak for Etherium and it's been on a downward
53:48
trend ever since. It's never come back from that.
53:50
It's never beat the, that all time high and all the other
53:54
cryptos do that. So at best, I would call them
53:57
oscillators, but they're oscillators like kind of going
54:00
on the way down. I, I don't like they're, they're
54:03
not something that you would want to hold on to long term
54:07
because they essentially underperform Bitcoin in Bitcoin
54:11
terms, which is how you should be determining your net worth
54:16
anyways. All right, everybody, we're
54:18
going to get to the culture. I'm really excited.
54:20
Stay tuned. And also by the way, shout out
54:23
to our YouTube audience and shout out to our Rumble
54:25
audience. I mean, it seems like we, we
54:27
picked up a nice Rumble audience.
54:28
So shout out to all you guys man.
54:31
And yeah, shout out to the people that stayed on Rumble and
54:33
they're like, we're never going back.
54:35
So shout out, shout out to the Rumble audience and of course,
54:38
everyone listening to us on X right now.
54:41
All right, everybody, let's get to the culture.
54:43
We have a lot to talk about. Let's check it out the daily
54:48
culture. All right, everybody, So I do
54:58
want to give a very special shout out to our sponsor, the
55:02
orange pull up stack friends who stack SAT's join the 12,033
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bitcoiners that are currently on the application.
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the bitcoiners around you and it will give you the ability to
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to reach me directly. I don't really answer Twitter
55:34
DMS and emails these days, but if you want to talk to me,
55:38
download the orange pull app and you can send me a message there
55:41
and I make sure about every week or so to answer every single one
55:45
of your guys's messages. So download the orange pull app
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today, scan the QR code or check the link in the video
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description. The orange pull app is the
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Bitcoin social layer stack friends who stacks stats All
55:57
right Opti, this has been a crazy crazy kind of experience
56:02
for all of us here at the simply Bitcoin team.
56:05
I don't know if a lot of you guys know this the team's pretty
56:08
big it's it's it's me Opti full time.
56:11
Of course, I don't know if I don't, I don't know if some of
56:16
them want to be docs or publicly named, but you guys know them.
56:19
So the team's pretty big. You know, we have like three or
56:22
four people like full time and you know, the, the overall team
56:27
people kind of waking up working part time.
56:29
It's like 10/12/12 people. So a lot of us rely on this for,
56:34
for our main source of income. And of course, when we got the
56:36
platforms, you know, all of our plans and hopes and dreams got
56:39
kind of like, you know, put on pause.
56:42
So of course, you know, we are forced to pivot, you know, and
56:46
we are looking for alternative platforms.
56:47
And a lot of the people, what they, what they talk about with,
56:51
with YouTube and they talk about like these platforms is like,
56:55
you know, like, why don't you go on another platform?
56:56
Like I was saying in the beginning, like YouTube is the
56:59
second largest search engine in the world.
57:02
And if you are trying to make it in video content, ideally you
57:09
would want to be on YouTube. Like it's going to allow you to
57:11
grow a lot faster and it's going to allow you to have a much
57:15
larger reach. Like that's the reality, and it
57:18
is YouTube's platform, and, you know, the rules are the rules.
57:23
So it is what it is. But it also opened our eyes into
57:26
the importance of investing time into alternative platforms like
57:31
Rumble, like X. We've been investing a lot of
57:33
time into X, but now we're going to be investing the equal amount
57:36
of time into Rumble as well. And we're going to be investing
57:40
time into figuring out how to put our content on Noster
57:46
because it isn't easy. But we had some great
57:49
conversations. I don't want to name the
57:50
specifics, but let's just say I talked to some very Porter
57:54
people that have been building companies on top of the Nostril
57:59
protocol. I talked to them this morning.
58:01
So we are heading in that direction.
58:04
That being said, also what I think we're going to do moving
58:07
forward, and I believe other Youtubers have done this in the
58:10
past, are doing this right now, is we're going to have a rumble
58:14
specific segment. So we're going to have the
58:16
regular YouTube show and then maybe we'll extend the show like
58:20
1520 minutes. And in that segment of the show,
58:25
Opti and I are going to be able to talk about, you know, certain
58:29
subjects that aren't perhaps maybe YouTube friendly.
58:32
And I think that's the best of both worlds in my opinion.
58:35
So we still have the reach of YouTube, but we, we're still
58:40
able to talk about certain subjects that perhaps are, you
58:45
know, are a little bit controversial, so to speak.
58:49
So we're looking into that. We're going to be upgrading the
58:52
show. I'm really looking forward to
58:53
this. And Opti and I and the entire
58:56
team, I mean, Opti, we've been talking about this for, for, for
59:00
a long time now, But I feel like what happened with YouTube was
59:03
like the catalyst, like it really, really put, you know,
59:06
some fire under us to, to, to take action.
59:09
Yeah, 100%. I mean, look, the Monday and
59:12
Tuesday show, I had a lot of fun.
59:14
I'm not going to lie. Those are those are really fun
59:16
shows. And obviously having a little
59:19
more freedom to go into areas that is is outside the Overton
59:25
window is obviously something that I would personally love.
59:29
But of course, like we've been saying, you know, YouTube is
59:32
really good real estate and we and we want to maintain our
59:34
platform on YouTube, especially considering that we are going
59:37
into a bull run. I've been saying it and it, and
59:39
if you heard me talk about this over the weekend and if you
59:42
don't exist on YouTube, you basically don't exist.
59:45
And Nikko and I and the whole simply Bitcoin team, we don't
59:48
have a big enough platform yet for everyone to find us on
59:52
alternative video source platforms.
59:54
And so of course we want to stay on YouTube.
59:57
Of course we want to give you guys a signal as as purely as
1:00:00
possible. So we are thinking about, and
1:00:03
we've been talking about it all weekend.
1:00:04
You know, we like, I think by like Sunday we were still in
1:00:08
limbo and we were wondering, it's like, all right, I guess
1:00:10
we're just committed. Committing to to going on
1:00:14
Twitter and rumble for now, like it's going to be harder, but it
1:00:18
but it'll, it'll work out. But then also on the flip side,
1:00:20
we're like, man, we put in so much work during this bear
1:00:23
market and we're getting naked right before we even get into a
1:00:26
bull market. Like like that would have just,
1:00:29
it would have really hurt us. But gladly we are back.
1:00:33
And like Nico's saying, you know, we, we do have a few
1:00:36
things up our sleeves. You know, I'm, I'm getting
1:00:37
trolled in the chat about adding lightning tips and stuff.
1:00:40
Trust me, bro, I am working on things right now behind the
1:00:43
scenes. They should be ready in about a
1:00:45
week or so. We, we, we got a lot of tricks
1:00:48
up our sleeves and I think you guys are going to really enjoy
1:00:50
it. And yeah, Nico, like I think we
1:00:52
definitely need to figure out a way so we could do our normal
1:00:55
show on YouTube and then add a little extra sauce on the on the
1:00:59
tail end of it. So I, I think it's going to be
1:01:01
very interesting for us to just kind of brainstorm on how to do
1:01:05
this correctly so that the show doesn't really diminish in
1:01:09
quality, but it it it gives you guys some more stuff.
1:01:11
I know you guys have been yelling at us for a while that
1:01:13
you want us to go longer than an hour.
1:01:16
Well, maybe now this might be a way for us to do that.
1:01:19
But yeah, a lot, a lot of stuff to think about over the weekend.
1:01:22
And I, I tried to get us on the Noster stream, but I just, I
1:01:25
couldn't figure it out yet. But I'm on the phone with
1:01:27
people. We're we're working.
1:01:29
You guys are going to be so happy in regards to Noster.
1:01:33
We do post all our, our, our links to Rumble on Noster.
1:01:39
It's so you have to understand something guys, like when you
1:01:43
post something on Noster, the data doesn't live there, right?
1:01:48
You still have to host that video in a server, right?
1:01:52
So it's not as easy and straightforward as you might
1:01:55
think. But of course like the
1:01:59
applications that are being built on top of Noster for you
1:02:03
to interact with it with the protocol are going to be able to
1:02:08
and in my what I anticipate they're going to be able to add
1:02:12
that functionality over time. So without getting into any
1:02:17
specifics or anything like that, because I can't say anything, we
1:02:22
are working on it and we are building towards that.
1:02:26
And we're going to be putting more and more, more and more
1:02:31
work into the simply Noster account, which we have been like
1:02:34
it's been posting every single one of our episodes.
1:02:37
And I've been quite with my personal with my personal brand.
1:02:40
I've been quite, I've been quite open.
1:02:43
I've been quite active on Noster.
1:02:45
One of the things also like I'll read you guys this message
1:02:48
because it was, it was so cool. One of the things that I've
1:02:52
noticed on Noster is that, and I said this yesterday, I said on
1:02:58
Twitter, I think before I post on Noster, I just post happens
1:03:02
organically. I feel like there is something
1:03:04
less at stake. I don't know why it why that is
1:03:07
either. It's very liberating.
1:03:09
If you haven't created a Noster account, I highly recommend it
1:03:11
and you'll see what I mean. And then someone actually
1:03:15
responded to me, quote tweeted me, and he actually broke down
1:03:19
the psychology as to why that is.
1:03:22
He said on Twitter you have to choose between posting like a
1:03:27
trend chasing clickbait bot which feels wrong slash fake but
1:03:32
rewards you with an algo boost. B Posting like a natural human
1:03:36
which feels right but loses you algorithm points since you're
1:03:40
not feeding the inflammatory rhetoric of the day on nostril.
1:03:44
You post whatever you want and you get zapped.
1:03:47
None of these hidden head games resulting from years of being
1:03:50
groomed by an invisible algorithm apply anymore.
1:03:53
It fosters freedom of thought as much or, or more as freedom of
1:03:58
speech. So it's, it's a very kind of
1:04:01
unique phenomenon. And I think Guy Swan has an
1:04:03
incredible take on it too, where he literally talks about the
1:04:06
fact that like in, in Twitter, like the, the, it's like it like
1:04:14
rewards like the, I don't want to say negativity, but like,
1:04:19
like the kind of like the, the, the rage stuff, right?
1:04:23
And then on nostril, like it kind of rewards like optimism in
1:04:27
a way. And then the, the ZAP feature is
1:04:31
fascinating because it feels 100 times better than a like,
1:04:35
because it's like you're sending people money and you're
1:04:37
receiving money and it just feels really good.
1:04:40
So if you haven't already down done so, go check out the Primal
1:04:44
app or the Domus app. They're both really great.
1:04:48
I personally like the primal app.
1:04:49
But this is the beauty of Noster is that anyone could just build
1:04:54
their own out, like their own client to interact with the
1:04:57
protocol and you get to choose which one feels best for you and
1:05:03
you get to bring all of your followers with you, right?
1:05:07
Like is so like you can leave a pro, you can leave a platform
1:05:12
and you could choose another platform and you could bring
1:05:14
your entire following with you. So it's really, really cool.
1:05:17
I like it a lot and I could just see the potential of it in the
1:05:22
future. And I just want to make it clear
1:05:25
for everybody is that we have big plans.
1:05:28
It's simply Bitcoin to be posting our content on the
1:05:32
Nostril protocol and on just on the different platforms on
1:05:36
Auster like Primal, but it's in the works.
1:05:40
This technology is still in its infancy.
1:05:42
I can't emphasize this enough. You, it's not you can't just I
1:05:45
can't just go and post a video or post like like a video on
1:05:52
Auster the same way that we do it on Twitter and on YouTube.
1:05:56
It does not work like that right now.
1:05:58
I'm sure it will be built out. It doesn't work like that.
1:06:01
Zapstream Opti and I have been trying this for for a little
1:06:04
bit. It's not as easy to use as well.
1:06:07
So. But all that being said, we are
1:06:09
working towards it and I after my experience this weekend, I
1:06:16
think it's an absolute necessity in my opinion.
1:06:19
Yeah, 100%. And I also, I'm, I'm kind of
1:06:22
going to pivot the conversation because we, we did kind of talk
1:06:25
about this earlier, but someone, I think it was lightning guts
1:06:28
dropped a really good chat. And this is kind of the message
1:06:31
I've been trying to get across to everyone is the fact that,
1:06:34
yes, of course, you know, we, we can stream our content to just
1:06:39
bitcoiners, But the point of our show is to try to get more
1:06:42
people to understand why Bitcoin is important.
1:06:45
Hence why as much as we love these other platforms, they are
1:06:49
still very early in their developments and there's not
1:06:52
that many people there. Hence why we're like, OK, super
1:06:55
glad we got our YouTube back. Obviously we're going to work
1:06:59
our way so that we can give you guys the content that you guys
1:07:02
want, but we also want to be there when people want to get
1:07:05
this content. And Anika, like actually, I
1:07:08
don't know if we want to bring it up, but when we got when we
1:07:11
got, you know, when we got the platform to rather when the, the
1:07:14
hiccup happened over the weekend, it was very interesting
1:07:17
to see some of the accounts that were still up.
1:07:19
And when you search simply Bitcoin and we're like and we
1:07:22
lost our account and we're just telling people to save in
1:07:24
Bitcoin. Yeah, let's not get.
1:07:26
Into that? Yeah, exactly.
1:07:27
But it's very crazy, crazy stuff.
1:07:29
Very appreciative of the YouTube team for allowing us to continue
1:07:34
to educate the masses on Bitcoin.
1:07:37
And like I said, for the Rumble audience, I think what we're
1:07:41
gonna do moving forward is we're going to have a Rumble exclusive
1:07:45
segment where Opti and I can talk a little bit.
1:07:50
We could talk a little bit more freely and we feel more
1:07:52
comfortable without putting our channel at risk.
1:07:55
So so yeah, we are working on that.
1:07:58
Really excited about that and the future of Simply Bitcoin.
1:08:01
We have a lot of cool plans for you guys.
1:08:03
You guys would be pleasantly surprised in the next couple
1:08:06
weeks and I'm sure that you guys are going to be incredibly
1:08:08
happy. There you go.
1:08:09
Here's our lightning address. You can.
1:08:12
ZAP us hard huddle. I expect one Bitcoin right now.
1:08:15
You can ZAP us all you want and you can go to
1:08:20
simplybitcoin@primal.net and it whatever lightning wallet and
1:08:27
you can send us. And, and yeah, and like guys, I
1:08:30
am literally working right now to make sure that we get a
1:08:33
lightning QR code on our, on our stream.
1:08:36
Just you got to give me some time.
1:08:38
I'm learning new skills right now.
1:08:39
But we, we got some really cool ideas and I think you guys are
1:08:42
going to really like what we're doing.
1:08:43
It should be here in, I don't know, like a week or two.
1:08:47
So just lower for your time preference.
1:08:50
Give give me some patience. You know, we're we're just we're
1:08:53
just streamers here. Now I'm figuring out how to do
1:08:55
all this other stuff behind the scenes.
1:08:57
But we got some cool stuff in the works.
1:08:58
I think you guys are going to really like it.
1:09:00
And also hard huddle. I expect some stats right now
1:09:02
and leave us a message. Yeah, exactly, exactly.
1:09:06
Anyways guys, this was simply Bitcoin live for August 28th,
1:09:12
2024. First episode back on YouTube
1:09:15
after this this week. Pretty crazy and we love you
1:09:19
guys. I can't emphasize enough how
1:09:21
much it meant to us while we were going through it, the
1:09:25
amount of outreach and the amount of support that we got
1:09:28
from you guys. And also the wake up call from
1:09:34
from expanding the, the expanding the amount of focus
1:09:40
that we put on alternative platforms like Rumble and X and
1:09:45
protocols like Noster. And that's definitely something
1:09:48
that we as a Bitcoin media company feel like we have a
1:09:52
responsibility to do. And that's something that we are
1:09:55
definitely going to do moving forward.
1:09:58
At the same time, of course, we're incredibly grateful for
1:10:01
YouTube and the YouTube team to allow us to continue to educate
1:10:05
the masses back on the YouTube. Platform Also one one last thing
1:10:09
guys, I I've seen you in the chat talking about Ruston
1:10:12
posting videos he's going to continue to post.
1:10:15
I think his next video is going to be tomorrow, but if you are
1:10:18
wanting to get that Ruston fix, we did drop his video yesterday
1:10:22
on rumble. So we're going to get back to
1:10:24
our normally scheduled, you know programming on YouTube.
1:10:28
But there is a Ruston video on rumble right now and he will
1:10:32
post this week. Everything's getting back to
1:10:33
normal. It's just been a weird week.
1:10:35
So appreciate your guys support. We love you guys and we're going
1:10:39
to keep the show going. Yeah, absolutely.
1:10:42
All right, everybody have an amazing day.
1:10:44
I love all you guys. Thank you so much for tuning in
1:10:47
to Simply Bitcoin Live. And of course, we'll be back
1:10:50
tomorrow for a brand new episode of Simply Bitcoin Live.
1:10:54
Also, we have an IRL later today with British Shuttle.
1:10:58
It's going to be dope. TuneIn see you guys later
1:11:02
episode was brought to you by bitcoinwell.com on a mission to
1:11:06
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