Latest / Simply Bitcoin / UPDATE: Bitcoin Lightning Network Adoption | EP 485

Transcript

UPDATE: Bitcoin Lightning Network Adoption | EP 485 · Simply Bitcoin

0:04
Welcome back everyone. We're simply Bitcoin.
0:06
We break down the news. The daily fail mean review.
0:09
Software releases Hardware, releases, and the pleb sites.
0:13
Joining us today fellow Bitcoin or fellow pleb.
0:17
We know him from Bitcoin kindergarten, but he's since
0:21
left us and become a superstar. That's right.
0:23
I'm talking about Jess Taffer. He is the co-founder of am boss
0:28
dot space gesture. For what's up, you guys.
0:32
Great to see you guys again. Awesome, man.
0:35
Thank you so much for joining us.
0:37
We are diving into the numbers Nico.
0:39
Let's do it number time. Number time is brought to you
0:42
by. Not all they make some of the
0:44
best Bitcoin notes like the novel Dojo, it's in red.
0:47
That means it's faster. Run your own version of Bitcoin
0:49
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home. Remember guys, if you don't run
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That's a big no snow no for privacy.
0:58
So get yourself a novel today. Time of this recording.
1:00
The block height is 730. 5665 the Bitcoin price 30 1010 chain
1:06
rewrite day 727, total, public lightning capacity, 3760 5.11,
1:14
BTC, Moscow time, 3223. Oh my gosh, that is a cool set
1:20
of numbers. Anyways, blocks to The Happening
1:23
104,000 335 and the samurai whirlpool Spent capacity Samurai
1:31
Whirlpool is a coin joint or collaborative spend.
1:33
That is not a mixing service and the unspent capacity of that
1:37
pool is 4624 dot 68 Nico there is blood in the streets and
1:45
these are the numbers metaphorical blood in the
1:47
streets and these are the numbers metaphorical blood in
1:50
the streets and we got a lot of messages.
1:53
A lot of people freaking out a lot of pressure and people are
1:57
asking why is the price going down?
2:00
You guys know the drill we don't we don't speculate on this
2:02
channel. We're not going to tell you.
2:03
But what I will tell you right is that the fundamentals of
2:07
Bitcoin have never been stronger?
2:09
Let me make my case and then we'll all talk about this,
2:12
right? Yeah, I need some help yumiko.
2:14
I mean this isn't really hooked me up like this is really do
2:17
anything that anything that anything that shows us why?
2:20
Why this is good. Okay, there's nothing wrong with
2:22
her. Oh okay, alright so this is um
2:24
is good. This is this is fact-based
2:26
opium. This isn't any chain analysis
2:28
based opium. Okay.
2:29
Hey, this isn't some ta based opium.
2:32
This is actual hope you and that you can confirm on your own.
2:35
This is just information data. So this is Bitcoin.
2:38
Archive plebs are stacking hard, right?
2:41
This is the amount of distinct entities, right?
2:45
That have you know different Bitcoin at how much Bitcoin is
2:48
not address. So the amount of Bitcoin
2:50
addresses is basically going parabolic, right?
2:53
The plebs are stacking hard addresses with .001.
2:56
They've never been higher and it continues to go higher and
2:59
higher. Right.
3:00
So that's a really, really good sign.
3:01
I think that's an indication of the growth of the network.
3:04
Let's take a look at the amount of Bitcoin notes.
3:08
Again, in my opinion, I don't think that the price is
3:11
important and fundamentals. What I look at is the hash rate,
3:14
the hash rate represents the amount of computational power
3:17
that's actively mining Bitcoin. Therefore it's theoretically
3:20
harder to attack computationally and the more Bitcoin nodes the
3:24
more decentralized it is right and again this is also at an
3:28
all-time high, right? Let me move on to the next one.
3:31
This is the Bitcoin hash rate. What I talked about earlier here
3:34
is the, the famous China banned right at the peak of the China
3:38
band, that was an all-time high. We were at 191 x, a hashes that
3:43
caused the crash in the hash rate, which in my opinion also
3:46
brought down the price. We crash down to 69, exit
3:49
hatches. And today we are at 220 EXA
3:53
hashes, estimated, there's no way to know the actual hash
3:56
rate. It's just an estimation,
3:58
everyone estimates a different But according to this website,
4:01
it's a 217 exit. Hatch has to be specific and
4:04
here is the log scale, right? And this website is awesome
4:07
because it puts a little, you know, a little rainbow color to
4:10
it and it's really funny how they put the stuff right and
4:14
different colors, right? At 34k, you should accumulate
4:17
the thing below that is that 26k you should buy.
4:21
And at 20K is basically a fire cell also known as sell your
4:26
kidney, right? So very good again if you You
4:29
actually look at the fundamentals, the fundamentals
4:32
of Bitcoin have never been stronger.
4:34
I don't know where the bottom is, Phil and I were talking
4:36
about this off camera because we're bitcoiners and that's we
4:39
do. But again, if you, if you pay
4:42
attention to the signal, Bitcoin is a lot stronger today than it
4:46
was a year ago. Remember, in the last year
4:48
really last year year-and-a-half Bitcoin became legal tender and
4:52
two countries. Central African Republic El
4:54
Salvador. Also in my opinion, became
4:56
better than legal tender and the country of Panama, right?
4:59
Also you have come public companies, openly saying that
5:03
it's a better alternative to cash, like Tesla like
5:06
microstrategy, right? So again if you look at the
5:10
actual signal and my opinion the fundamentals of Bitcoin I've
5:14
never been stronger but like Phil was saying before the show
5:18
sometimes the price does. Don't reflect the fundamentals,
5:21
especially if you kind of get into this Mania phase and people
5:24
are kind of freaking out because the FED is raising rates.
5:27
Everyone's scared man, and I think that the The recent price
5:30
action right now. I think indicates that Phil.
5:32
What are your thoughts when fire sale?
5:35
This is this is what I want to know.
5:37
I'm, I'm looking for the fire sale.
5:38
See that that's terrible, right? That that some of us think like
5:41
that but certain bitcoiners will appreciate that that line of
5:44
thought because guess what, we always want to stack and why not
5:48
get Bitcoin a little bit cheaper now to continue on what you were
5:52
saying about some of the conversation that we were having
5:54
before the show? This is exactly right.
5:57
Right now, we're getting a lot of Getting signaling from the
6:00
FED that they're going to raise interest rates.
6:03
We're seeing that, you know, essentially all of the money
6:06
printing from from the virus which shall not be named for the
6:10
two years that we never had. All of these elements are coming
6:14
to fruition right now and people are starting to get really
6:18
worried, you're hearing some news that.
6:20
Yeah, there's a lot of employment out there, but then
6:22
if you speak to specific people, it turns out that it's a whole
6:24
bunch of jobs that people don't really want.
6:27
So that's not really, you know what I mean?
6:29
The It will tout. Oh yeah.
6:30
You know, the Employments, you know that there's lots of jobs
6:33
out there but at the end of the day this is a lot of work that
6:35
people don't want to do. Now what does this all have to
6:37
do with Bitcoin? Actually it has absolutely
6:40
nothing to do with Bitcoin, okay?
6:42
Because Bitcoin network is going to do whatever the Bitcoin
6:44
network does. But we are all humans, we're all
6:47
emotional and not everybody is going to think the same way.
6:52
So when you start to see the markets turning red, I mean,
6:55
look, if you look at the Dow Jones, you can see that we've
6:56
had quite a few down days and, you know, once people start to
6:59
That they start to think recession.
7:01
Once you start to think recession you start to think I
7:03
need to hold my capital and then people right away immediately
7:08
what they do is they quote unquote.
7:10
So start selling their assets and they start getting afraid.
7:13
But guess what people that are selling Bitcoin to hold cash,
7:17
the government's printing it. So yeah, it's like we're losing
7:21
on like to me. I'd rather just move Bitcoin.
7:23
Anyways, that's my logic behind it.
7:25
So even though it sucks, even though it's super painful, you
7:27
know what bear markets is where, All the building gets done,
7:31
right as just a fur was saying before the show, this is where
7:34
the building gets done. And this is where the, you know,
7:37
the hardened skin, right? The hardened layers of skin are
7:40
made and the hod lers are born. Absolutely.
7:42
This is where this is where it's the best.
7:45
It's the, it's the scariest time to stack, right?
7:49
But it's also the best opportunity.
7:51
It presents the best opportunity especially when there's blood on
7:53
the streets when people are fearful right.
7:56
Feel we've been doing this for six years now, roughly six
7:59
years. This is, if you look back every
8:02
single time you get this type of energy, this type of fear is it
8:07
was the best opportunities every single time.
8:09
The taught the last time. I remember it.
8:12
I don't think it's I don't think it's this bad yet, was when
8:15
Bitcoin fell from 6000 had a flash crash to 3000 3500 3400.
8:22
People were calling for 1K Bitcoin.
8:24
Right? Of course that's not what
8:25
Bitcoin did Bitcoin just zoomed up, right?
8:28
So anyways, let's See what happens.
8:30
Gesture for, what are your thoughts?
8:33
Woman thinking back to 2018, when we had that flash crash
8:37
that you were talking about like that was the scariest time.
8:40
But that was also the time that I had like actually put in the
8:43
work to understand Bitcoin and what it is that I was holding
8:47
and figure out. OK twice L do I sell and then
8:51
everything that I found out was telling me no like no don't sell
8:55
because this is the most stable thing out there.
8:58
The protocol is is strong and the price.
9:02
Really He doesn't matter for any of the effects of Bitcoin, so
9:08
it's a bear market, so keep building.
9:10
And then when it's time for bull market will be ready to scale
9:14
and scale rapidly. Amen.
9:16
I could not have said it better myself.
9:19
Patil stack hard. If your class of twenty of
9:22
twenty Twenty-One of 2020, right?
9:25
Like sailor Sailors, new to this, right?
9:28
Yeah that you're earning your stripes right?
9:30
Everyone pays a price. Ice specifically in the first
9:33
cycle but anyways, Phil it's time for the daily fail brought
9:38
to you by Swan.com, check them out Swan Bitcoin, it is the best
9:44
place to Stacks at DCA. You could d.c. a daily weekly
9:50
monthly. It's a stacking app by fellow
9:53
plebs and they're gonna have a nap soon which makes stacking
9:57
even easier. Anyways, the link is down below.
10:00
We've got to fails the first 21 is some some eat garbage that I
10:05
picked up today and the next one has to do with.
10:11
I think a person that probably doesn't want to be a cheerleader
10:14
for Bitcoin but just, you know, by virtue of not being able to
10:18
shut up about it in a bad way has exposed so many people to
10:22
bitcoin. I'm talking about, no real,
10:23
that's right. We're going to dive into what
10:26
he's been up to, right? He's been quiet.
10:27
It seems anyways. Alright, let's take a look at
10:29
this. Here's why the first story a
10:31
theory? IAM.
10:32
Here's why a theorem to staking is risky and increases
10:36
centralization. Since 2009 Bitcoin, validators
10:39
have relied on simple proof of work to verify that a minor
10:41
deserves the coinbase reward payable, every 10 minutes to The
10:45
Miner who properly, hash is a block of valid transactions, the
10:47
coinbase is an enviable 6.25 BTC.
10:51
These rewards are associated transaction fees, paid over,
10:55
fifteen billion dollars to bitcoin miners over the past 12
10:59
months, talk about incentives to mine Bitcoin, right?
11:02
The largest security budget of any Block Chain in the world,
11:07
that is some good signal right there because yes, indeed, the
11:11
Bitcoin. Blockchain is the most secure.
11:13
That's why we're storing our value in it.
11:15
That's one of the reasons, besides the censorship,
11:17
resistant properties. Anyways, let's continue.
11:19
This is also part of the signal, any common laptop, PC or micro
11:24
computer can run a full Bitcoin node and validate all
11:27
transactions using proof-of-work.
11:29
The cheap cost of operating a Fully validating node has
11:34
decentralized. Hundreds of thousands of Bitcoin
11:36
nodes across the globe over 15,000 of which are online at
11:40
any moment. Okay, I personally I can verify
11:42
that number but I'll take it. But the key to this was that any
11:46
common laptop or PC can validate transactions.
11:51
Okay, now we're going to enter eith 2.0.
11:54
Those ideas e 2.0 will reduce Mining and transition to proof
12:00
of stake. Bright as we've been making fun
12:03
of for many months and that they haven't been able to do in six
12:06
years. How much does it cost to
12:09
activate a set of validator keys in aetherium to the answer is a
12:14
staggering 32 eith, 80,000 dollar some that excludes
12:19
billions of people from any hope of ever becoming a validator.
12:23
That's right. That on in their staking
12:25
protocol, which is inclusive and ultrasound money for everyone.
12:30
Apparently not. Everyone is going to be able to
12:32
Validate their own transactions. Because only the wealthy could
12:35
afford to participate in a theorem to as an independent,
12:37
validator everyday, users must pull their funds together and
12:41
delegate their votes there for introducing centralization.
12:46
Okay? So look.
12:47
So I put out a tweet about this today that one of our fellow
12:51
viewers responded on and you know, their point I'm not going
12:57
to bring up their tweet or anything like that because you
12:59
know, maybe they don't want to have their tweet up and they do
13:01
you No, they do watch the show. So but for me it was more about
13:05
the fact that like look that their point was, if you bought
13:08
Etha two dollars, it only costs you $64 to be a validating node,
13:13
okay. I don't disagree with you about
13:15
that point. But the point is today, if you
13:18
decided that you wanted to partake in this shit coin
13:21
ecosystem, you'd have to spend 80 grand to validate your own
13:25
transactions. Bitcoin back in 2010.
13:29
You were able to install the Bitcoin core software in He 22,
13:33
we can install the Bitcoin core software same price, same price
13:38
to validate exact same price, very low barrier to entry.
13:42
Anyways, soup. Beef, are you still need
13:45
specific Hardware in order to run the Bitcoin software
13:48
download the chain to roughly around?
13:50
$300? $300, if you want to do it,
13:52
cheaper to build a very cheap, you know, Bitcoin node and
13:58
compare that to the eighty thousand dollar barrier to
14:00
entry. It's a very big.
14:02
Big difference, right? And that was a, that was one of
14:04
the that was very contentious issue in the four cores, right?
14:07
Because if they would have increased, the block size, it
14:10
would have increased the hardware requirement.
14:13
Right? So, the reason, the block stayed
14:15
the same or a big reason, the block stayed.
14:17
The same is so that the barrier of Entry could stay lower and
14:20
therefore decentralization, right?
14:22
Which is that these guys never tell you this because it's not
14:25
convenient to them and their narrative.
14:27
Anyways just to for what are your thoughts on this fail?
14:33
I think he's muted, he's processing.
14:35
He works in life, he's cross-eyed.
14:36
Okay. I like yeah we've made specific
14:41
decisions just to just to make it easy to participate in
14:45
Bitcoin, by setting a barrier to entry, a barrier to a vote in
14:51
the East Network at eighty thousand dollars that's out of
14:56
out of most people's annual salary.
14:59
So like yeah, forget about actually participating or having
15:04
a vote in an ecosystem that operates on proof of stake.
15:07
And And having such a high threshold where I mean Bitcoin
15:12
is not like that at all. It's open to anyone with a with
15:17
an internet connection. Absolutely.
15:21
No, it's 100% true. That is that is the beauty of
15:25
Bitcoin. Anyways.
15:26
Fill the next fail is a steaming pile of shit.
15:29
Why don't you get to it? It is.
15:31
Okay. The hook the hypocrisy is just
15:34
it's fascinating, but but first we got we got to build it up,
15:37
right? We got it, we got a little.
15:39
Let this simmer because we need people to.
15:41
There's a lot of people who may not know who knew real is, and
15:44
how much of a fan he is of Bitcoin.
15:47
So we just need to remind people.
15:48
So let's take a look at some tweets.
15:50
Late 2017. The bear case for Bitcoin and
15:53
blockchain from an Insider in the industry who has invested in
15:56
both right back in 2017 again, December 22nd today, Bitcoin
16:02
plunging 30% and turning into a shit coin.
16:07
All right, comparing Bitcoin Mania with tulip Mania.
16:13
The Bitcoin bubble is much bigger. 2017.
16:18
So you can see, right? He's he's he's hated Bitcoin for
16:21
at least five years minimum five years.
16:24
All right. So let's let's continue on more
16:29
of more of new reals hate towards Bit Coin and crypto
16:33
designed to avoid regulation the real roots of Bitcoin.
16:37
No, it has to do with separating money from State and having a
16:42
censorship resistant Ledger, that is public.
16:46
Okay? So well, technically, okay,
16:49
we'll play Devil's Advocate. Yeah.
16:51
Yeah we'll play Devil's Advocate but in their perspective that
16:55
sounds like avoiding regulation but again it's the details in
16:59
the Nuance, right? Yes it's not that, it's it.
17:02
It's just it's it. You can't have a political money
17:06
if you regulate if you regulate it, it turns it into the system
17:09
that we have today. And that's the argument that
17:12
bitcoiners make. And now here's another argument,
17:14
right? What are the, what have what is
17:16
the? Both of these regulations, write
17:18
the result of these regulations is that half the planet right?
17:22
Roughly half the plan, it is deemed on bankable because of
17:25
the place that they happen to be born it.
17:27
So what are the what are the regulations?
17:30
So called regulations that roubini is advocating for the
17:35
Russian people. By the way, have nothing to do
17:37
with their government. They got punished by the West
17:40
because of the country, they happen to be born in the
17:43
Ukrainian. People also got cut off from the
17:45
financial system. Venezuelan people.
17:47
Ben people Afghanistan, people, you get where I'm going with
17:50
this. So yeah, the question, the
17:52
question that I have for you guys is that current regulation
17:56
whereas in a group of elite bureaucrats also known as
17:59
politicians have the power to control who gets to use money or
18:04
not. That's the question that I want
18:05
to leave to you guys. Someone like nearby roubini to
18:09
use, Alex gladstein Zone worlds, he has Financial privilege.
18:13
But if you talk to a Cuban, right?
18:16
That's using Owing to survive, right?
18:18
They're going to tell you a whole different story.
18:21
I think that no one, no human being should have the power to
18:24
decide who gets to use money and who doesn't?
18:28
Yep. Absolutely agreed.
18:30
Okay, so this is 20 21. Okay, does Bitcoin is designed
18:35
to avoid regulation. Let's move on, here we go.
18:38
This is 2018. Bitcoin is the biggest bubble
18:42
and bust in history. Biggest as up, 60 x, from three
18:46
years before The peak NASDAQ was only for X.
18:49
So, tiny bubble versus BTC. Okay?
18:51
So you can see right here Bitcoin to him is just terrible,
18:56
okay, it's just an awful awful thing.
18:58
Here we go. This is a article that he wrote
19:02
in 2019. The great crypto, Heist
19:06
cryptocurrencies have given rise to an entire new Criminal
19:09
industry brand new. It's a whole new Criminal
19:12
industry, right? That's what it is.
19:14
They're not doing the same old crimes to do.
19:17
Doing brand new crimes, right? Drugs is this new thing?
19:21
Okay this is crazy new thing that nobody's ever done right
19:24
buying buying things. Illegally is new, it's just so
19:29
ridiculous. Anyways comprar comprising
19:32
unregulated offshore exchanges paid propagandist because we
19:35
don't have paid propagandists in the Fiat system.
19:38
Never seen a paid product and this inner life anyways and an
19:41
army of scammers looking to fleece retail investors.
19:44
You mean like Wall Street fleecing investors?
19:47
During 42,000 age, mortgage crisis different, dude, because
19:50
it look if you're an elite, it's not fleecing, right?
19:54
It's just you just you just a good Trader, you're just, you're
19:57
just good at what you do, but if you're a peasant, right, trying
20:00
to, by GameStop or whatever and the hedge funds kind of, you
20:03
know, screw you over, right? That's not allowed, right?
20:06
And this is why Bitcoin pisses them off so much is because it
20:09
puts everyone on a Level Playing Field.
20:11
And that's what they mean by fleecing if they're not doing
20:14
the fleecing that's a problem. That's right.
20:18
So we can clearly see you. Worry, L, hates Bitcoin hates
20:22
crypto. It's a scam.
20:24
It's a scam. Crypto critics you real roubini
20:27
is working on a tokenized dollar replacement.
20:30
Oh my gosh, no way. We're surprised were surprised
20:33
nouriel, roubini a blockchain Basher who famously called
20:36
Bitcoin. The mother of all bubbles is
20:38
working to develop a suite of financial products, including a
20:41
tokenized asset intended to act as a more resilient Dollar in
20:47
the Piece of higher inflation, climate change and civil unrest.
20:51
That's right, again, his shit coin is going to fix climate
20:55
change. I gotta tell you, I gotta tell
20:58
you, I mean, don't get me wrong. Like I threw a whole bunch of
21:00
dollars out the window, literally just out the window.
21:04
The climate did not change not even for a second.
21:06
I think I threw a whole bunch of money.
21:08
It did not fix the climate. I you sure.
21:10
Dude, it's really sure I dropped out dollars outside just to make
21:13
sure it rains that day or something.
21:15
If I don't want it to rain I don't take a dollar out.
21:17
Everyone says when you throw money at it it fixes the
21:19
problem. I just I'm not seeing it
21:21
anyways. Okay, so here we go.
21:23
So he's working with dubai-based Atlas Capital team which he
21:28
joined two years ago as co-founder and chief Economist
21:33
to create the new product. So I hate Bitcoin.
21:38
I hate shit coins but by my shit coin this is anyone's with
21:44
prominent Financial voices, including Bridgewater
21:46
Associates, LPS Ray dalio and Credit Suisse AG strategist.
21:50
Zoltan pose are having argued the US currency.
21:53
Risks gradually losing its Reserve status.
21:56
We need to fix this roubini said, in an interview, we
21:59
recognize that America's dollar Reserve currency could be at
22:03
risk, and are working to create a new New instrument, that's
22:07
effectively more resilient than the dollar.
22:10
So so they're working to create another centralized shit coin to
22:16
replace the dollar. This is, this is pretty much
22:19
what I'm understanding your unlike, unlike many
22:21
cryptocurrencies roubini stresses that the coin would be
22:24
backed by real assets. Ah, well that fixes the problem,
22:28
a mix of short-term us treasuries, IE printing money
22:32
out of thin air, gold and u.s. property.
22:35
So pretty much the gold in the u.s. property of the only two
22:37
things that are actually worth anything.
22:38
But they don't need a shit coin, representing them because you
22:41
can just go buy gold and you can go invest in u.s. property.
22:45
Anyways our goal is to create a global store of value that coin
22:50
already exists Bud. You're a little late.
22:53
This is something akin to a substitute for treasuries or a
22:56
digital asset that has payment features in it.
22:59
Atlas Capital said it's working with mist and Labs the web three
23:03
developer, founded by former. It applied for mink, Facebook
23:07
engineers and backed by another another piece of signal,
23:11
Andreessen Horowitz. Oh my gosh, no way a 16z in on,
23:16
in on trying to create a, a token to replace the US currency
23:23
as as the world Reserve. I am so surprised right now I'm
23:27
totally surprised. Anyways, they're going to
23:30
develop the technology for the United Sovereign governance
23:34
gold. Optimized dollar or USG.
23:42
Yeah, and here he is the guy who hates crypto himself nouriel,
23:47
roubini Schilling, a shit coin. Say It Ain't So.
23:52
No. It's so May 9th 2022.
23:55
This is our timeline USG will be.
23:57
The will be first, an index then an ETF.
24:00
And last, a security token backed by real thin assets with
24:05
AML kyc features hedge against inflation, Paul, and Geo poll
24:11
risks. And with ESG features, guys,
24:14
this thing is the Swiss army knife of money.
24:18
It's going to do everything. Everything.
24:22
But wait there's a kicker to all this.
24:24
Phil what platform is this shit coin being built on?
24:30
So we went to go take a look at the Atlas Group.
24:32
Ha ha ha. I don't think I really need to
24:35
say anything else. The proof is right here on the
24:39
screen so so look, I am just completely speechless that this
24:46
guy for the last five years has ripped into Bitcoin ripped into
24:51
this industry as a whole. I mean, obviously, I can't
24:53
disagree with him about the shit coins, but then turns around and
24:57
is using the scammy, as platform of All the scams number one, and
25:02
number two is literally recreating the same crap that
25:07
all the shit coin, scammers that he called out.
25:10
We're already creating But he seems to think it's different
25:17
pure clown, World Nico, pure clown world.
25:21
Bro, I mean first of all you did great.
25:23
That was an awesome segment. I was highly entertained fucking
25:27
roubini man. This, it's so funny because
25:29
like, I hate Bitcoin but I'm here to fix it and I could make
25:32
a better Bitcoin on aetherium but it's backed by dollars.
25:38
Like this guy is such a joke. He's an academic.
25:40
He's been if he just shut up and bought Bitcoin when he started
25:43
talking shit about it you'd be significantly wealthier today so
25:48
it's like Peter Schiff. I think it gets to a point.
25:50
We're so much time passes that you've been criticizing Bitcoin
25:56
that the price has has done its thing that these people just
25:59
look like total dumb asses if they fold, if they capitulate
26:04
they get on bitcoin. So what do they do?
26:05
They double down but Bitcoin, just destroys egos, man.
26:09
That's what it does. You got to humble yourself.
26:11
That's that's, that's what it is, man.
26:13
Even sailor back in the day, was criticizing Bitcoin but he
26:17
realized like, hey, I got a lot to lose if I don't jump on this
26:20
bandwagon. And so it's just man, you know,
26:23
it's a shame but so be it just let him create a shit coin.
26:26
Let him get wrecked. It doesn't solve any issues.
26:29
It doesn't separate the monetary policy away from from human
26:32
beings. We've as a species, we've done
26:35
that many times, we've so-called backed our Fiat are backed our
26:39
money with hard assets. Well, what tends to happen is
26:43
people start taking shortcuts, right?
26:45
Because your incentivized to because it's easy to do that
26:48
with Bitcoin you'd literally cannot Right.
26:51
That's what makes it unique. But you know, these these Fiat
26:54
parasites, that that are financially privilege, they
26:57
benefit from the Legacy system, they're incentivized not to
26:59
understand this dude. I think she's a professor of
27:01
Economics at some school NYU or something.
27:04
Right. Like he's a professor and Fiat
27:06
economics, right? Anyways, Jessa fur, what are
27:09
your thoughts on mr. Roubini Professor rubinho.
27:13
That's right. Professor, professor little bit.
27:15
It's very rivini, man. It he's kind of like Resizing
27:21
the lack of Regulation yet like when I think of Bitcoin, I'm
27:26
looking at it, it's it's hugely regulated already.
27:29
I mean we've got and the regulations that we can point to
27:33
have to do with capital gains tax and an L KY C which are like
27:38
some of the worst features. I mean when I'm introducing
27:41
Bitcoin to to new people I have to tell them that they have to
27:45
scan their drivers license now like forget about that.
27:49
I mean they Introduced the the product of the regulation is
27:53
like, these are the worst features of Bitcoin.
27:57
And now new, real roubini is embracing these things putting
28:02
it on the the scam chain and and on the build back better plan
28:09
just to just to bring his her his surveillance token to the
28:14
world. So awesome work Muriel.
28:17
Yeah, absolutely right. It's so crazy.
28:20
Yeah, it was actually Kaiser that said that when he came on
28:22
the show, these are just egomaniacs.
28:25
They can't stand that. They relate to bitcoin.
28:28
All these plebs got in first and they're like, you know what?
28:30
I'm just going to build my own. Okay bro do it, you know have
28:33
fun. Staying poor will enjoy the
28:35
freedom. You do your own thing.
28:37
So yeah, I just I can't help thinking that like you know, how
28:41
I always joke around that. They they spawn these creatures
28:44
out of nowhere and then all of a sudden have them go out.
28:46
Yeah. Exactly.
28:47
Right. Like Steve hanky-panky.
28:50
I am I swear, I swear they animated no real and they're
28:53
like, all right. You're gonna be our guy that
28:55
like looks really smart and dumps on the shit coins.
28:58
We need you to make a token and everyone's going to follow
29:01
because thinking. Yeah.
29:02
Right. And what did they do?
29:04
They credential eyes look, we've got Ray dalio.
29:08
You've got Credit, Suisse Credit, Suisse has never been
29:10
busted for being scammers, it doesn't matter.
29:13
It doesn't matter. It's that when the peasants do
29:15
the scamming, that's a problem. When the elites do the scamming,
29:19
that's fine. They're just Special.
29:21
They're just so good at what they do.
29:23
You saw that with the whole game stops debacle, you saw them,
29:26
it's like when they lose it's like ah it's like what they when
29:30
they win. It's like oh we're just we're
29:31
just amazing. You know it dude.
29:33
The whole thing's a scam it even applies.
29:35
So, when these big Banks fuck up, they it's like the public
29:38
has to bail them out. When the public fucks up all?
29:41
No, no, it's weird. We live in a capitalist Society.
29:43
What are you talking about? Anyways, feel it's time for the
29:46
daily meme review brought to you by Citadel 21.
29:50
It's the Bitcoin cultures, Enid stories articles Comics by
29:54
actual bitcoiners. This is the artwork for volume
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different artwork. In their scarce is only 1,000,
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30:10
the meme review. I we fill put some memes.
30:13
I put some memes. We have a lot of memes, because
30:15
I know a lot of you guys are hurting.
30:17
I got a couple of messages already.
30:19
We're going to do a little bit extra.
30:20
Memes today. Hopefully make you guys feel a
30:22
little bit better. Here's now, here's the first one
30:24
by basic hottel happening. Soon print trillions taper, Dow
30:29
Jones index 30% qe5 print money again I absolutely believe it's
30:34
a mean but I believe it's going to be true next one.
30:37
Buy Bitcoin. Lolz fact, this is true bear
30:39
markets, create strong meme, strong means create bull,
30:41
markets, bull markets, great bad memes, bad memes.
30:43
Create bear markets, that is great, very well done.
30:46
Shout out, she she Bitcoin Sovereign stack, who's Bitcoin?
30:51
Seed signers, simply Bitcoin Bitcoin, core Bitcoin,
30:53
kindergarten seed, signer. Sheshe Specter Kaboom racks.
30:57
Very cool. She's yell like the artwork.
30:59
Alright, next one, bye. Wanna kiss.
31:00
He's replying to four SS pouliot how it felt for the past three
31:05
years. All the NPC's in the Bitcoin.
31:07
ER right. Yes, you're all wrong.
31:09
Me is feels like that. Sometimes it's very good
31:11
representation. Anyways, moving on to know
31:13
lizard people base. Babe, please, stop.
31:16
You can't just keep stacking SATs into a recession.
31:19
Yes, dear. And then he has a thought
31:22
bubble, please baby. Please keep stacking SATs.
31:26
Alright, next 1 by Rd, their Satoshi make the bear Market be
31:29
short. Very nice.
31:31
Our next one. Bye.
31:32
Jose hottel me and Bitcoins cycle lows then now so good.
31:38
So good. Alright, moving on to the next
31:40
one. Bitcoin is saving unbothered
31:44
moisturize happy in my Lane focused flourishing.
31:50
If you take your Bitcoins to Cold Storage, that's how you
31:53
feel all the time. Now the best meme of the day
31:55
guys Swan bitcoiners class of 2020 one right now, bitcoiners
32:00
class of 2017 and a fellow plebe, bit quarters class of
32:05
2013, falling asleep, awesome, awesome memes by the plebs,
32:11
shout out to you all. And for that Phil, I'm going to
32:14
give it a very special score of a Bitcoin pin.
32:19
You gotta focus camera. Murrah, there we go.
32:23
Anyways, Phil would you give those memes?
32:25
All right. Going on the same line as the
32:29
stickers, right? We got a new one, privacy is a
32:33
human fight. Mighty, nice.
32:36
All right, this is this a good score.
32:38
Anyways, Jessa fur. What would you give those?
32:41
Awesome. Awesome memes.
32:44
Let me tell you, I'm feeling extra bullish, ready to plug in
32:47
some miners. So right here, I have the cap
32:50
from an outlet. Yeah, unplug plug in your
32:56
minors. Let's get bullish, plug.
32:59
It's a cap to it's the AC cap, right?
33:03
The you see cap? Yeah.
33:05
Mmm. Okay.
33:06
Very night, we're never clip the ground bad idea.
33:09
Some people do that though. I go.
33:11
No, you know, my plug doesn't have that make clip it off.
33:13
Like that's a terrible idea. Ha ha ha.
33:16
There's some life lessons from Phil.
33:18
Anyways guys, we want to know. If you agree with our stores,
33:21
you disagree. Let us know down in the comment
33:23
section. Kamek, kamek kamek helps with
33:25
the mysterious YouTube algorithm, make sure to
33:27
Subscribe to us an alternative video platforms like Rumble.com
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and Bitcoin tv.com. They don't censor their because
33:33
Bitcoin TV and join our awesome telegram group.
33:36
It's a party in there. You could link some means
33:38
there's plebs. It's a lot of fun.
33:40
The links down below. Tyler Graham.
33:41
Yeah. Anyways Phil it's time for the
33:43
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34:13
out. We told you we were actually
34:16
calling this. We said that was a either a
34:19
month ago or two months ago that the average purchase price of
34:24
big of micro strategies Bitcoin was at 30,000 100, we told you
34:29
that if Bitcoin went below that and it dipped a little bit below
34:32
that today. Michael sailor is going to start
34:36
at like he's gonna start earning his Badges and I think that that
34:40
time has come definitely a lot of pressure.
34:43
His stock must be doing not so good right now, you know and
34:47
remember this is a guy that went on Tucker Carlson.
34:49
He was basically saying the stock did so amazing doesn't
34:52
look so good, right now, a lot of the naysayers are jumping up
34:56
and down, jump A up and down. Enjoy, but remember, what was
34:59
your first year in Bitcoin? Like, right, it usually unless
35:04
you got very lucky and you got you nailed your entry, right?
35:07
A lot of us got wrecked our first year, it's only after a
35:09
couple years in Bitcoin. My opinion takes about three or
35:12
four years of full cycle for you to start feeling comfortable
35:15
with your stack, right? So Michael sailor, definitely
35:19
earning a strikes right now. Stripes.
35:21
Moving on the absolute degenerate of nine buchelli,
35:26
there's a lot of degenerates in Bitcoin.
35:27
The president of El Salvador, El Salvador, just bought the dip
35:31
500 coins at an average USD price of thirty thousand, seven,
35:36
hundred, forty four. And when I say degenerate, I'm
35:39
speaking of myself. That's what pubs are we
35:41
regenerates? And it's only in Bitcoin.
35:43
When something goes down, 50, 80 percent that people still buy
35:49
it. So, yeah, because we know, we
35:53
know that we're not just investing in something.
35:55
We know that we're opting out and we are buying some Freedom
35:59
money, right? So that's the benefits of
36:01
Bitcoin. That's why in Bitcoin people
36:03
celebrate, when it dips, right? Because they know they're going
36:06
to be able to stack more corn. Anyways Phil what are your
36:09
thoughts on Michael Sailors are better said microstrategy's
36:13
average buying price and I'm bouquet lays stack the dip.
36:17
Yeah I was I was waiting. I was waiting for one of these
36:20
Michael sailor announcements that come out and be like hey
36:22
we're finally below his price. Don't get me wrong.
36:25
The last time that we dipped, we So we're like looking more like
36:28
what price was he in at because because look it's a true.
36:32
It's a true test, right? It's a true test for the hollers
36:35
you know that like when it hits your your prize and then it goes
36:38
below you know like for those of us who know exactly what it's
36:41
like to be sitting on - 80 % you know like it's extremely painful
36:46
it's extremely painful to sit there and see that and have to
36:48
retrain your brain. On the other hand, on the other
36:52
hand, I don't I don't see Michael sailor, having such a
36:54
hard time he just he is so overly bullish.
36:57
I mean his bullishness just makes just makes it all better,
37:02
but either way, that's that's for him.
37:03
I have no Heroes. We have no Heroes, we're okay
37:06
with that. That's his business, but
37:09
hopefully, he's not sweating it out.
37:11
The other piece to this is for for a night.
37:13
But Kelly, He's he's got some balls man.
37:19
He's the president of a country and he's just like he's like,
37:25
no, I can't believe that. This is what we're living
37:33
through now. It is never, you've never seen
37:35
this stuff in like in the stock market.
37:37
Look i-i've been watching stock since I was like 17 years old.
37:40
Like I never saw anything like nobody ever nobody ever cared
37:44
you know what I mean? Like you'd see.
37:45
Like this is a The thing about Bitcoin that's very different
37:48
and like I understand there's no community and all that shit
37:50
that's perfectly fine. But the culture of Bitcoin, the
37:52
way that it is you just don't see this in traditional Finance,
37:57
okay? Like traditional Finance doesn't
37:59
have the hearts and minds of people for some reason.
38:01
This money does. Anyways, no, you're absolutely
38:05
right. Jess Taffer.
38:06
What are your thoughts on this? My friend I really love the the
38:11
bitcoiners because the bear markets kind of just like expose
38:15
who they are. And for these two, what I've
38:20
seen so far is unshakable conviction.
38:24
Like even with when microstrategy is like below
38:27
their average by price, I'm betting that they're going to
38:30
double down on this and already. Like I'm bullish on
38:35
microstrategy just because they do have Bitcoin on the balance
38:38
sheet like that. It is a tremendous asset for
38:42
their company that's going to help them out in the in the
38:45
years to come very excited about El Salvador and naive Kelly
38:50
making this huge bet on bitcoin. Heck yeah.
38:53
Stack that dip stack that dip? You heard it from jaystepher
38:57
himself. Anyways check this out guys.
39:00
Today we have we have a very special guest.
39:03
He let me give you guys a little bit story, background of Jesper.
39:07
We actually became friends during the bear Market.
39:09
This is I usually became friends with bitcoiners, you don't make
39:12
friends in the bull market, that's when all the grifters
39:14
come in, you make the closest friends during the bear Market.
39:17
That's when the true bitcoiners stick around and you would
39:20
during that pain, right? Especially the first cycle is,
39:24
when you build these tight friendships, right?
39:26
That's how Phil. And I met, you know, that's how
39:28
jessa4 met just for actually started a Bitcoin kindergarten.
39:31
If you guys remember Optimus yesterday, he's the host of that
39:34
show and he actually left to fight.
39:37
Found find found is I don't know what, Do you found a lightning
39:41
company? Very cool.
39:43
So you know the name of this episode is going to be an update
39:46
on the lightning Network. So before we get into that just
39:49
for in you in an eloquent way, why don't you explain what the
39:54
lightning network is and what's it for The lightning network is
40:00
payment rails for Bitcoin. I think in the past we've heard
40:05
that Bitcoin transactions are slow and that's not the case
40:08
anymore because the lightning Network exists and it has
40:12
Partnerships between nodes on the Bitcoin Network.
40:16
That can update a little Ledger entry, and can make a payment
40:20
just as simple as that. Just talking to another peer on
40:24
the Bitcoin lightning Network just by That we can create a map
40:32
of all of the, the lighting Network nodes and be able to
40:36
report statistics on those very, very cool.
40:39
So, let's take a look at some of those stats.
40:41
I'm going to pull up ambos. I'm going to pull up some
40:42
lightning stats. So this is first Bitcoin
40:45
visuals, right? This is the lightning network
40:47
capacity. This is the nodes the channels.
40:49
It's all going parabolic, right? And this goes back to what I was
40:53
talking about earlier on, in the show, right?
40:56
What are the fundamentals of Coin, write the node network is
40:59
going, is is increasing the lightning network capacity is
41:02
increasing. The number of channels is
41:04
increasing. The hash rate is increasing.
41:06
The only thing that isn't increasing is the price, right?
41:09
So again, it goes back to what Phil was saying.
41:12
There's a lot of emotions right now, I think a lot of people are
41:14
freaked out with the hawkish Fed so to speak.
41:18
Anyways, this is ambos. This is the website and the
41:21
company that that that gesture for founded.
41:25
This is the lightning Channel. Is very cool.
41:30
Jaystepher. We got a lot of requests.
41:32
What is this? What is this place?
41:34
Why would people want to use it? So am boss.
41:37
That space is the lightning Network Explorer.
41:39
So you can look up any of the nodes on the network.
41:42
They each have their own profile page.
41:45
What you're looking at right now is our latest product magma,
41:48
which allows you to buy and sell channels on the lighting at
41:52
work. So if you want to provide
41:54
liquidity to the lightning Network.
41:57
Why why just open a channel randomly when you can actually
42:00
go and sell that liquidity? What we're seeing early numbers
42:04
so far since We launched it just last week is that people are you
42:11
can buy a channel for 2.25 percent APR.
42:15
So hey, like that's a that's a strong offering.
42:19
And if you're on the sell side of that channel, that's a
42:23
potential yield that you can experience on your Bitcoin
42:26
without giving up custody, you don't have to trust the platform
42:30
in order to get exposure to some of the yield on your Bitcoin.
42:35
So that's what makes magma really special and you don't
42:39
need to be a complete wizard. You just need to be able to make
42:42
one lightning payment and you can get a channel open to your
42:45
non-custodial, Bitcoin, lightning node, what type of
42:49
yields could people expect? And I actually want to give a
42:52
shout-out to this one, it's called got polio which means
42:55
shit chicken in Spanish. Leave it up to the bitcoiners to
42:58
come up with funny ass names. What type of yield?
43:01
Because I know a lot of people are curious, what type of yield
43:03
could you get from your Bitcoin, a You do offer liquidity in
43:07
terms of percentage terms? Yeah, I have to be really
43:10
careful on this front from the marketing piece because I can't
43:16
offer security. So I'm not going to give any
43:18
estimates on the yield of people can get, but basically you can
43:23
post an offer and if it gets accepted, you'll have an idea of
43:27
how much you would make you set the prices.
43:29
It'll just be like Craigslist. So yeah, you're selling your
43:33
chairs and whatnot. You're asking.
43:36
Dollars and if someone picks it up, then boom, that money is in
43:39
your pocket and and we can make that happen with Magma.
43:44
Awesome. So where do you see, what would
43:48
you say the current state of lightning is today compared to
43:52
where it was two years ago compared to when you really
43:55
started? Because I know you were always
43:56
curious. That was always your know I
43:58
would be into mining. I would talk about that.
44:00
You would be into into lightning.
44:02
So what it what would you say is the current state of the
44:05
lighting up Yeah, it's good to keep in mind that like you never
44:09
work is 4 years old so that was back in 2018 when it started I
44:16
was playing around with it in late, 2018, early 2019 we've
44:23
watched it transition from really only developers in there
44:28
too. Now we've got this you can call
44:30
it the umbrella effect, we're just regular people plebs are
44:35
getting connected. Hooked up to the lightning
44:38
Network and we're watching the cost of nodes drop down.
44:41
So we're watching not Leto, come out, not all one of the sponsors
44:47
have a Bitcoin lightning node for under two hundred dollar
44:52
price point, which is a really, really accelerating Factor.
44:57
If you wanted, you could also spin up a note on voltage and
45:01
then and that's that's for a small monthly fee.
45:05
So that's not your Hardware, but it's still Still not custodial.
45:08
So like we're watching a whole bunch of the barriers to entry
45:12
disappear and the and the transactions are just a fraction
45:18
of the cost of what you would pay with a domestic Visa card
45:22
transaction. So it's going to be, it's wicked
45:25
cheap, it's super fast and it's not custodial and no one's
45:29
spying on your transactions. So let's talk a little bit about
45:32
the downsides, right? Because this it sounds very
45:34
awesome but one of the things that it Like you said,
45:38
Lightnings very young. I think that this is going to
45:40
all get fixed as time. Goes by the analogy that I
45:43
always want to put in. People's minds is remember how
45:45
the internet was and, you know, the early 2000s late 90s is
45:49
clunky. It's ugly.
45:50
You're like, what the hell is this?
45:52
You know, people were like, this isn't going to go anywhere
45:54
lightning, in my opinion is kind of there, right?
45:57
So one of the bars to entry and what I see, a lot of people
46:01
complain about and I know that mun wallet has done this.
46:03
Incredible job, they have this kind of self semi I custodian
46:07
solution where they don't have. It's like, they hold one key.
46:10
You hold one key. They use something called a
46:12
submarine swap, its really awesome.
46:14
They kind of solved it, but it is semi custodial.
46:17
One of the things that one of the issues I have with lightning
46:21
is that it's hard to set up, right?
46:23
It's not as easy as just downloading a Bitcoin wallet.
46:25
You know, some wallets give that functionality as you just make a
46:27
password, you don't have to write down a seat, but with that
46:30
enables is it Nate, is it? It makes a very easy user
46:33
experience especially for someone who's transitioning.
46:37
From the Fiat world to the Bitcoin world right?
46:40
In my opinion, I think the Fiat system is much harder to
46:43
understand but because people grew up with it right there,
46:46
just accustomed to it, right? And now you're teaching them a
46:49
whole other alternative system that the foundation of that
46:53
alternative system is based on something called self custody.
46:56
That might seem very aliens of people.
46:57
So that's one of the concerns I have.
46:59
That's one of the issues that I had to because it's like, yeah,
47:01
I could run my own, whatever, but it's like, I'll just use the
47:04
main chain, because it's just so much easier, right?
47:07
Right? And then mom came out, I was
47:08
like, oh great, I could keep a couple hundred dollars on here,
47:10
I don't have to worry about it. What is the status of that who's
47:14
working on it? How long until that?
47:17
I want to say gets fixed, but where someone creates this very
47:21
intuitive in like makes it very easy, what the user experience,
47:25
what is the status of that? I think that user experience is
47:30
like, as you said, starting with very clunky, it's still pretty
47:34
clunky, but it's getting there. It's getting to the point where,
47:39
you know, no one needs to know needs to code in order to be
47:42
able to run a lightning node if you can spin up a Bitcoin node
47:48
like you're in business. Like this is, this is really all
47:51
that's required and I think the technology is getting is rapidly
47:57
improving. Things that I'm watching,
48:00
include green light, which allows you to not even have to
48:03
manage the channels manage the node at all.
48:07
But yet still be able to sign individual transactions.
48:11
So you control your money. But I mean, all of this comes
48:17
with trade-offs, of course. So it won't be your Hardware.
48:21
You won't be able to control the uptime, of course block stream
48:24
as a pillar of the Bitcoin. Community.
48:29
I'm sure they've got some really awesome Solutions in their back
48:33
pocket. But yeah, it's continuously
48:36
developing you can you can compare it to like buying a
48:43
clover setup for your business to accept credit card
48:46
transactions. Yeah.
48:48
You're probably going to blow $400 on one of those Terminals
48:51
and instead, you could have a completely self, Sovereign,
48:56
Bitcoin lightning node set. And be able to receive
49:01
dollar-denominated payments. If your pavement, if your
49:03
customers want to pay with strike, this is this is
49:08
something that yeah, we're just moving things one.
49:12
Step forward at a time. What happened?
49:15
What has you the last question? What?
49:17
How and then I'll pass it on to fill?
49:19
What has you the most exciting excited right now about the
49:22
future of lightning? Sorry.
49:26
I missed that bit wise. You what has you the most
49:28
exciting about the future of lightning?
49:33
I think tarot, so this is going to be other assets.
49:37
That would be issued on the lightning Network and what's
49:41
special about tarot compared to all the other proposals for
49:45
stable coins on lightning is that the any changes happen at
49:51
the edges. So in order to add another asset
49:55
on to the lightning Network everybody that is already
49:59
participating in a lighting network, doesn't need to Inch
50:02
yet. They only participate when it
50:04
comes to transferring value. So one person can transfer
50:09
dollars at one end. It switches to the next note
50:12
it's at it gets routed through the lightning Network to someone
50:15
else in another country that wants to receive pesos.
50:18
So this is, you know, there's there's no mental change needed
50:23
to happen to understand deeply Bitcoin, like, like we do all
50:29
they need to understand is you know, the Stable coin that
50:32
they've become familiar with which is the shit coin of their
50:35
Nation instead, they'll be using the lightning and work just
50:41
because it's fast, it's cheap. And it has final settlement,
50:46
that's very, very, very fucking awesome.
50:50
Phil, would you have any final questions before we wrap it up?
50:54
No questions. But there's some let's move on.
50:57
No question. I'm just kidding.
51:00
Thank you for playing. No, but that just just some some
51:04
final comments to add on to what just aforesaid.
51:06
Right? Because I think I started
51:08
messing around with lightning around the same time as him and
51:10
just to give people you know, some further perspective to his
51:13
point three years ago you couldn't set up a node without a
51:16
command prompt. The only node that you could was
51:19
the chasm note and that note was I had one.
51:23
It was very limited, very limited in its functionality.
51:27
You couldn't really see anything that was going on.
51:29
You couldn't do any types of configurations.
51:31
Nations, it was very cut and dry.
51:34
Okay, so we have come Leaps and Bounds from that point to see
51:40
the development that we have an especially this is all not one
51:43
giant Corporation. These are all individual
51:46
entities, all working on the same protocol, okay?
51:50
This is really cool stuff. Well, three different protocols,
51:52
but still like, if we look at everybody that is building on
51:55
lnd, they're all building separately in their building
51:57
amazing stuff. You know, between start9 between
52:00
lightning labs and Anyways, the other piece that I was the other
52:03
piece that I wanted to mention had to do with the user
52:07
experience, right. People don't like to feel change
52:12
and what just a was just talking about with tarot.
52:14
Okay, this is huge because one of the main issues that a lot of
52:18
people, a lot of older people will tell you with Bitcoin is
52:21
that like all of a sudden they feel that they have to switch
52:24
their mind to something else to start thinking differently.
52:28
But when we can actually do this kind of magic, Right in the
52:32
background and they can just see something that is familiar to
52:35
them, but they can take advantage of the benefits of the
52:38
Bitcoin Network. That's beautiful.
52:42
Anyways, awesome stuff man, I love what you're doing at am
52:45
boss. This is huge.
52:47
This is necessary. So thank you.
52:49
Okay, absolutely bullish. So remember guys, after after
52:54
this crazy day with the price in the volatility, all that shit.
52:58
Look at all the bullishness, right.
53:00
If you ignore the noise and you pay attention to the signal,
53:03
could it be more bullish. But anyways, feel there was an
53:05
open source software released today, wanting to everybody
53:07
about it software releases brought to By Cipher safe, check
53:12
them out. Cipher safe, dot IO.
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store your seat in the Cipher wheel or the all new Cipher
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grid. They both come with a
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tamper-resistant wire but the grid comes with a punch tool.
53:30
All right? We've got join Market version.
53:32
0.9 0.6 that was released its Down Below in the show notes.
53:37
Don't forget to check us out on our audio.
53:40
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53:45
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53:50
Thank you for all right, guys. Before we going to give a very
53:52
special shout-out to our awesome clothing.
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Sponsor. Represent LTD.com Phil and I
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wear the hoodies every single day, Phil has the new Bitcoin,
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It's coming. You could take advantage of the
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link down below to get 10% off. Anything off the represent
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54:14
special shout-out to her. Awesome.
54:16
Awesome. Dear friend of the show, we
54:18
survived the bear Market together, the legendary Jessa
54:22
fur. He co-founded ambos dot space.
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It's a lightning. Explore.
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Go check it out. Awesome.
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Dude. Cool stuff.
54:30
He's working on guys. That was show.
54:32
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54:33
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