Latest / Simply Bitcoin / BREAKING: Saylor Reveals His Personal Bitcoin Holdings | EP 1048

Transcript

BREAKING: Saylor Reveals His Personal Bitcoin Holdings | EP 1048 · Simply Bitcoin

0:02
It's. All going to zero against
0:05
Bitcoin. It's going out forever.
0:15
You're against Bitcoin. You're against freedom, saw you
0:24
when you want to go speak in Nashville.
0:26
You talked about crypto. You said that crypto can help
0:29
with that. You know, you mentioned that
0:31
somewhat like gold. Do you think that, you know, if
0:34
when you get back into office, you would still fully support
0:37
crypto? And I just saw that the US
0:39
government, ever since you spoke about it, they're selling
0:41
crypto. They're selling it.
0:42
How? What would you do if you were in
0:43
office with crypto? It's something they shouldn't be
0:45
doing because they should be trying to build it.
0:48
So if we don't do it, China's doing it, other places are doing
0:51
it, and they're doing it anyway. Yeah.
0:52
And it's a very modern currency. It's a very modern form.
0:56
And I know a lot of very good people that are really into that
0:59
world and into that market. They're smart, they're good
1:02
people, and they think it's going to be very beneficial.
1:04
And remember this though, it's very important.
1:06
It's like AI, do you love it? Not like it.
1:08
If we don't do it, China's going to do it or other people are
1:11
going to do it. And we can't be left behind.
1:13
And crypto is right in that sphere and it is a form of
1:16
currency. And if China's already doing it,
1:19
but if we don't do it, they're going to do it.
1:24
Actually, you know what, I'm going to save that one dude.
1:27
I mean, guys, what was the Bitcoin live?
1:31
You're no daily Bitcoin live. I do a curveball.
1:36
Niko did YouTube rumble and exit back.
1:38
Relax, enjoy the ride. Anyways, we'll be your guide to
1:42
the separation. When I say ANYWAYS, the
1:45
Trumpster in the beginning, I mean that that stream that he
1:48
did with Aidan Ross yesterday, talk about breaking the Overton
1:52
window. I know a lot of Bitcoiners and
1:56
our our team included, we're not happy.
1:58
Like it's the commingling of the word crypto in Bitcoin.
2:02
They're totally separate. Bitcoin is unique.
2:04
Bitcoin is the only currency that is truly decentralized and
2:10
all the rest don't have that. So it doesn't really fix the
2:14
problem of Fiat where, you know, the controllers of money
2:17
manipulate the rules in order to benefit themselves at the
2:20
expense of everyone else. You can't do that with Bitcoin.
2:23
That's what makes it unique. That's what makes it special.
2:26
That being said, do you remember the first year that you got into
2:29
the industry? You probably did a little bit of
2:32
cryptoing, right? So I don't blame the man.
2:35
I'm not trying to make excuses for it for him, but I definitely
2:39
think it's a step in the right direction.
2:40
What I told the Simply team yesterday is the way that US
2:45
elections work is realistically it's going to be Trump versus
2:50
Kamala. We know how the the current
2:53
administration feels about the industry.
2:56
They've treated the industry terribly for the last four
2:59
years, which is why even Trump even spoke at the conference.
3:03
They kind of created that situation.
3:06
So we kind of have a choice between a pro crypto slash
3:11
Bitcoin president versus a anti Bitcoin president.
3:17
And when you're anti Bitcoin by default, you're pro CBDCI say by
3:20
default, but they actually are pro CBDC too.
3:23
Again, it's interconnected. It's it's really Bitcoin versus
3:27
slavery. It's Bitcoin versus CBDC's.
3:29
What future do you want to live in?
3:30
But I, I in terms of moving the Overton window, that is huge.
3:34
That is massive. Ideally you'd be saying Bitcoin,
3:39
but like I said, definitely a step in the right direction.
3:41
That live stream was mass, that was mainstream, that was got
3:45
millions of views. I think it was hundreds of
3:47
millions of views. Yeah, it got absolutely.
3:49
It's the biggest stream that's ever been on the Internet as of
3:52
now. It's it went absolutely viral.
3:55
And yeah, I mean, the fact that he brought up our our up and
4:00
coming industry and also guys like this should make you so
4:02
incredibly bullish because the fact that, you know, a potential
4:05
future president of the United States is talking about our
4:09
industry, talking about our movement that way means that our
4:13
our movement is that important, that influential that, you know,
4:18
it's something noteworthy to to to bring up.
4:21
So I think, you know, imagine picture yourselves five years
4:24
from now. I remember five years ago and,
4:28
you know, there was no Michael Saylor, there was no public
4:30
company Bitcoin adoption. There was no nation state
4:33
Bitcoin adoption. It was really in its infancy.
4:36
So add five years to where we are now and where do you think
4:40
we'll be? And to remove any kind of doubt,
4:44
just let Bitcoins game theory play out and you'll know that
4:48
it's just heading in One Direction and you can't stop
4:51
this thing. So that's so incredibly bullish.
4:55
Also, I have a video of you guys today of Sailor talking about
4:58
kind of the strategic, the strategic reserve thing that was
5:02
mentioned at the Nashville conference.
5:04
Also, Saylor revealed his Bitcoin stack.
5:08
I mean, it's, he said it publicly in the past before, but
5:12
he kind of revealed how much he's made in terms of gains.
5:15
He basically 10X to his investment roughly.
5:17
No, like A5 Xer, but that's still insane, especially if you
5:22
invest $100 million, like multiply that by 5, like, you
5:25
know, that's, that's half a billion, right?
5:27
So yeah, I mean, just bullish news overall.
5:32
I definitely think we're headed in the right direction and we
5:35
just got to keep this momentum going, man.
5:38
So again, I understand how some of you may feel.
5:42
You did say crypto and say Bitcoin and Aidan Ross didn't
5:46
mention how they're quote, UN quote selling the United States
5:49
was selling its Bitcoin. And of course he wasn't, they
5:54
weren't, he wasn't referencing crypto.
5:55
He was referencing Bitcoin. But look, it's a step in the
5:58
right direction. This is why there's opportunity.
6:01
I think if everyone knew what Bitcoin was, then you wouldn't
6:04
have 100 X in front of you. It'd be like a 10X.
6:09
So you know, that's the opportunity for you and then you
6:12
can kind of take it upon your shoulders, right?
6:14
You know, instead of complaining like, you know, don't ask what
6:16
Bitcoin could do for you, ask what you can do for Bitcoin.
6:19
It was up to what do you think that was?
6:20
You're fine. So yeah, yeah, good job on the
6:22
video 2. Two points I want to make.
6:25
The first point is, is great question by Aiden Ross.
6:28
And I know a lot of bitcoiners are saying the same thing.
6:30
It's like, oh, you know, you can't trust Trump when he gets
6:34
in the office. He's he's just basically, you
6:36
know, saying things to get voted in.
6:38
And when he gets in the office, he's gonna change his tune real
6:41
quick. You know, kudos to Aiden Ross
6:43
for actually like asking him point blank.
6:46
Like when you get if you get into office, are you going to
6:48
change your tune? He's like, no, like this is a
6:51
new paradigm. And yeah, maybe he's still in
6:54
his early Bitcoin, you know, crypto journey and excuse me,
6:58
And he's still learning. But on that point, we did get
7:02
some tweets yesterday from the Trump kids and it seems like
7:05
they are going full, full force into the altcoin shit coin
7:09
rabbit hole. So hey there.
7:11
There's still a lot of education to be had out there.
7:14
But it is obviously moving the Overton window and more people
7:18
are actively talking about Bitcoin as a viable solution, as
7:21
a viable industry that it's maturing.
7:24
So definitely moving things in the right direction.
7:27
But hey, we still got a lot of work to do here.
7:30
I would say like another thing, like something to keep in mind
7:33
is like drop the Bitcoin purity test because of the specific
7:38
situation that we're in. And the specific situation is
7:42
you have one side that is just against Bitcoin completely.
7:47
And then you have one side that's like Bitcoin and crypto
7:51
and you only have two choices. So like, you know, like, like
7:55
don't, don't try to, you know, crap on the potential
8:01
administration that's coming in that you know, is going to be
8:05
better overall for the industry as a whole than the other side,
8:09
which is just going to be hostile.
8:12
You know, they don't even care about Bitcoin or crypto.
8:15
They, they lump it all into one thing and they're just against
8:18
the industry altogether. So we really only have two
8:20
choices here. I know RFK is a choice for sure,
8:24
but like realistically it's, it's Trump versus Kamala, right?
8:29
So that's something to keep in mind.
8:30
I know it's not going to be, I know it's going to be very
8:32
unpopular Bitcoiners because Bitcoiners like the whole purity
8:35
thing and whatever, but it's just, it's an election year and
8:38
I think it's, it's very important for our industry in
8:40
the US. Anyways, lots to get to.
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All right. At the time of recording, the
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Bitcoin price is 56,140. SAT's per dollar 1781 Block
10:59
height 855,791 blocks to having 194,209 having estimate March
11:08
23rd, 2028 Total Lightning Network capacity 4819 Capacity
11:14
value 270 million Realized monetary inflation 1.47% Market
11:20
capitalization 1.11 trillion Bitcoin verse gold market cap
11:25
6.71%. In the grand scheme of things,
11:30
Bitcoin's just getting started. Now connect the dots.
11:32
What we were just talking about with Trump talking about the
11:36
industry during the Aiden Ross stream.
11:38
Like, yes, like obviously he, you know, he and you know, most
11:43
people haven't realized the difference between Bitcoin and
11:46
crypto. But again, imagine five years
11:49
from now, you know, it's going to be totally different.
11:52
It's going to be a totally different, you know, story and
11:55
the Bitcoin versus gold market cap, you know, maybe it's at 50%
11:58
at that point, maybe it's at 100%, who knows.
12:01
But as more and more people find out about this, you know, it's
12:04
it's really like a one way door in my opinion.
12:07
Also another kind of major news as well.
12:10
Donald Trump and Elon Musk, you're gonna do a major
12:12
interview on Monday night. I think Bitcoin magazine asked a
12:15
really good question here. Will Bitcoin be discussed?
12:18
Let's see, you know, we've been talking about Bitcoin breaking
12:21
into the mainstream consciousness, breaking out of
12:24
the echo chamber, and I think that's absolutely happening.
12:27
I think we're seeing it right in front of our eyes.
12:30
And that's what we want. Because really, the way that we
12:33
win this thing, the way that we win the revolution is we get
12:36
people to ask the very basic fundamental question, which is
12:40
what is money? And why should money lose
12:44
purchasing power in order to function?
12:46
And of course, that road leads to Bitcoin.
12:48
All roads lead to Bitcoin. So once you start asking and
12:51
once you start realizing that the dollar is a scam, that
12:54
inflation is a scam, you start to seek solutions.
12:57
And of course, my opinion that solution is, is Bitcoin Anyways,
13:02
so I saw Max Kaiser tweet about this initially when El Salvador
13:08
announced that they are going to make Bitcoin legal tender, the,
13:12
the IMF went crazy and the legacy media went nuts.
13:16
They went bananas. They lost it.
13:18
It was, it was horrible. And they attacked El Salvador
13:22
from all sides. It was, it was freaking crazy.
13:26
And of course, you know, Naimbu Kelly held strong.
13:30
He stood by his convictions. And what do you know, it seems
13:34
like it's paid off. It seems like all the things
13:38
that the IMF said was going to happen if El Salvador made
13:41
Bitcoin legal tender didn't really happen, right?
13:45
So anyways, it goes on to say an IMF mission led by Mr. Rafael
13:50
Espinoza issued a statement following in person and virtual
13:54
discussions over the past months with the Salvadorian
13:56
authorities. These discussions focused on
13:59
policies that can be supported by an IMF program to address
14:02
microeconomic imbalances and strengthen El Salvador's medium
14:06
term growth prospects. Quote.
14:08
Progress has been made in the negotiations towards a fun
14:11
supported program focused on policies to strengthen public
14:14
finances, boost bank reserve buffers and prove governments
14:18
and transparency and mitigate the risks from Bitcoin.
14:22
On the fiscal side, you see that there's still the IMF at least
14:26
knows what the F is up. They're like, it's not crypto
14:29
that we got to worry about is Bitcoin.
14:30
Anyways, it goes on to say on the fiscal side, preliminary
14:34
understandings have been reached on improving the primary balance
14:37
by around 3 1/2 percent of GDP over a three-year period to
14:41
place public debt on sustainable path.
14:43
Consolidation is expected to be achieved through a balanced set
14:46
measure. Balanced set of measures with
14:49
initial focus on rationalizing the public wage bill while
14:52
providing space for critical social and infrastructure
14:55
spending. Progress was also made on
14:57
developing a plan to gradually strengthen financial system
15:00
reserve buffers and A and are consistent with continued
15:04
private sector credit and growth.
15:05
This is also being supported by efforts to reduce the
15:08
government's reliance on domestic financing through the
15:12
plan, consolidation and potential support from the Fund
15:14
and other multilateral development banks.
15:18
On the structural side, preliminary understandings were
15:20
reached on a comprehensive multi year strategy to enhance
15:23
government governance, transparency and the overall
15:27
investment climate. The authorities are well
15:29
advanced in preparing legislative proposals to address
15:32
corruption, money laundering vulnerabilities and weaknesses
15:35
in the procurement frameworks. This work is being supported by
15:39
development partners and aims to ensure frameworks are consistent
15:47
with international best practices.
15:49
Now, here's the bit that I find absolutely hilarious on Bitcoin.
15:53
While many of the risks have not yet materialized and there is a
15:56
joint recognition that further efforts are needed to enhance
16:00
transparency and mitigate potential fiscal and financial
16:04
stability risks from the Bitcoin project, additional discussions
16:08
in this and other key areas remain necessary.
16:11
That passive aggressiveness is like what we said didn't come
16:17
true. It still can come true and we
16:20
got to address it. We're still going to take Caro
16:22
El Salvador, even though we said we wouldn't because of the
16:25
Bitcoin law. We're walking that back a little
16:27
bit. But yeah, like who the hell do
16:29
these these people like talk as if they run the world?
16:32
Maybe they do. They sure sound like they they
16:35
sure act and sound like they they do.
16:38
But yeah, I mean, this is this statement right here.
16:43
And you can read it over and over again like that.
16:45
To me is, is, is it just tells me we're winning.
16:49
And you know, and of course, like they can't like the IMF,
16:53
you know that this is this is like the reason they don't like
16:58
Bitcoin is because this is what developing countries, the
17:03
developing countries rely on the IMF to develop with the IMF
17:07
loans. If there's an alternative like
17:10
it threatens the whole the whole system, right.
17:13
So I just find it funny how and a little bit of passive
17:18
aggressivity and saying like, you know, what what we said was
17:21
going to happen is not happening, but you know, there's
17:24
still stability risks and all that doesn't come from Fiat,
17:27
obviously it comes from Bitcoin, you know, and how they call it,
17:31
the Bitcoin project. Like no, this got passed into
17:33
law. Like this isn't a project, this
17:36
isn't a pilot program. So it's just it's interesting
17:40
that that one little sentence, that one little paragraph says a
17:45
lot. Anyways, Opti am I reading too
17:48
much into it? Bro?
17:49
I feel like, like, you know, it's very interesting, very
17:53
interesting. I mean, excuse me, I'm not
17:56
surprised that the IMF is writing an article, even though,
17:59
like, if you really read between the lines, they're like, OK,
18:03
they're doing pretty good, but hey, the, you know, the risks
18:05
haven't materialized yet. We're going to keep an eye on
18:07
this, which just goes to show that they don't want this signal
18:10
of allowing Bitcoin in your country, saving in Bitcoin to
18:14
continue to proliferate to more countries.
18:17
And so of course, they got to do some kind of, you know, cover
18:19
here so that they don't seem like they're wrong.
18:22
Again, it's all like legitimacy games that are being played out
18:26
right now where if you are a bitcoiner, if you've been
18:29
following this story for as long as we have, you been watching
18:32
the show with us, then you guys know what we know.
18:35
And what we always say is like, like Nico said it, like who,
18:39
who, who really cares what the IMF says?
18:41
Obviously, obviously they have the most control in the world
18:43
right now and everyone is the hold into some IMF loans.
18:47
And now that El Salvador is basically like, no, we don't
18:49
need it, bro. Like we're doing pretty good.
18:51
They're like, OK, so maybe it's not as bad as we thought it was,
18:55
but there's still time for it to get bad.
18:57
So I, I find it interesting that we even got this statement in
19:00
the 1st place. And, you know, I'm, I'm not
19:04
surprised. It's just academic games and and
19:06
these people out here, all the people in power and all the
19:09
institutions have to do cover for the fact that Bitcoin is
19:13
doing so well. It's becoming a mainstream
19:16
conversation. It's becoming a presidential
19:18
topic here. And it's going to be one of the
19:21
defining conversations in this year's elections in the US and
19:25
further moving forward, it's going to be one of the defining
19:27
conversations in the world. Like the game theory is playing
19:30
out in real time. And of course the IMF has to do
19:33
some cover and and do some damage control here because hey,
19:37
didn't they say if I, if I remember.
19:39
Yeah, exactly. They're trying to remain
19:40
relevant. If I remember correctly, weren't
19:42
they saying that El Salvador was going to blow up in like a year
19:45
or two? And now it's been what, like a
19:47
couple of years? And they're like, no, we're
19:49
doing really well. Like, this is great, lifes good.
19:51
So again, it's damage control. The IMF is trying to play cover
19:55
for themselves and show that, oh, wait, you know, there's
19:58
still time for this to go bad. But as of now, we've been wrong,
20:02
which just continues to go down. The Bitcoin derangement
20:05
syndromes that we constantly see come out of the institutions and
20:08
the corporate press is it's hard for the Keynesians out there to
20:12
wrap their head around the fact that Bitcoin hasn't died.
20:16
And so they're going to continue to pull statements and post
20:19
statements like this. But I don't know, sounds like
20:21
the IMF is bullish on El Salvador and the Bitcoin
20:23
strategy. Yeah, I mean, they're going to
20:24
say it in their own passive aggressive way and they're
20:27
basically still, they're pulling a your shift and saying like
20:29
this is going to 0. But you know, like you can't,
20:34
you can't hide. Like you can't like everything
20:37
they said was wrong. Look, they one of the things
20:39
like I think like the smoking gun was when they gave Argentina
20:44
another loan to get bailed out. Argentina like went into
20:50
hyperinflation the year after and one of the conditions for
20:54
the loan was essentially you can't adopt Bitcoin.
21:00
So and then when El Salvador adopted it and then again, so
21:04
like they gave him a loan, Argentina went to shit a year
21:07
later after the loan. And then everything that they
21:10
said was going to happen till Salvador never happened.
21:14
But here we are a couple years later, and they're basically
21:18
saying, no, it's not that it's not going to happen, it's that
21:20
it just hasn't happened yet, which I find absolutely
21:24
hilarious. So yeah, they're going to be,
21:27
you know, biting their tongue for a long time.
21:30
And we're going to keep updating you guys.
21:33
But the wording on this, it really does feel like a sweet,
21:36
sweet victory. All right, everybody, let's get
21:39
to news. Lots to talk about today.
21:40
Let's check it out. The Daily News.
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23:14
get yourself to get you guys a night to get you guys a nice
23:18
discount. All right, so to address the
23:21
title of today's video, our live stream better said Sailor says
23:26
he personally owns more than one million Bitcoin, but I have more
23:29
details. Billion billion with AB.
23:31
What did I say? A million?
23:33
Yeah, yeah. So billion with AB.
23:35
So Neil Jacobs said Michael Saylor, about four years ago I
23:39
tweeted that I personally had 17,732 Bitcoin.
23:43
I haven't sold any any Bitcoin and I continue to acquire more
23:48
Bitcoin. I believe his average price was
23:50
about 9000 or $10,000 per coin. We're currently sitting at you
23:55
know, 56,000. So what is that Opti like a 5X?
23:58
But again, you know, like you put in $100 million and a 5X is
24:04
like $400 million, right? It's something absolutely
24:07
insane. So Sailor doesn't only just walk
24:10
the walk. I think he talks the talk as
24:12
well. And he's also been making the
24:13
rounds. Like Sailor right now is, you
24:16
know, it looks like a superhero. You know, his stock
24:19
MicroStrategy is outperforming everything else.
24:22
And he went on the legacy financial media and they asked
24:25
him some things about it. So let's check out the clip.
24:30
Come back in in in Bitcoin and and Etherium and some of these
24:34
others is indicative of of maybe something that might have more
24:37
staying power. But it's only a day.
24:39
Let's go to Natalie and Natalie Brunell if she has the Coin
24:41
Stores podcast. That's not the right video.
24:43
Let me try that one more time. Wow dude, you're slip into the.
24:47
Here we go. All right, this is the right
24:49
one. Let's check it out.
24:50
As they come off their worst day in nearly two years.
24:52
Meanwhile, Bitcoin is staging a comeback as well, up more than
24:55
5%. And crypto adjacent names like
24:57
Coinbase and MicroStrategy are also attempting at comebacks.
25:01
You're joining us now to discuss is Michael Saylor, Co founder
25:04
and chairman of MicroStrategy. Michael, it's it's great to
25:07
speak with you. Thanks for being back.
25:09
Yeah, thanks for having me. So we did see this mini crash in
25:13
Bitcoin yesterday. It's treated as a risk on asset,
25:16
considered a proxy for liquidity in the markets.
25:18
At least one technician I've spoken to in the last 24 hours
25:20
said we're really range bound here up to 61,000.
25:24
What's the next catalyst? What breaks it out?
25:27
You know, I think the events of Bitcoin 2024 in Nashville a few
25:31
weeks ago were just very catalytic and marked an
25:35
inflection point for Bitcoin. You had presidential candidates,
25:38
you had governors, you had senators, you had House members,
25:41
you had CEO's, you had billionaire investors.
25:44
In the audience, Senator Lummus presented a strategic Bitcoin
25:48
Reserve bill, and that's our Louisiana purchase moment.
25:52
What happened there was we the Overton window shift.
25:56
Now it's possible to discuss nation states holding Bitcoin on
26:00
the balance sheet. And if nation states are going
26:03
to buy it, then it's reasonable for institutions, corporations
26:06
and individuals to buy it as well.
26:08
So that was tremendous. And former President Trump got
26:11
behind the idea, too. So it's a good idea.
26:13
You think a strategic reserve for Bitcoin is a good idea?
26:18
Well, Thomas Jefferson purchased the Louisiana Territory for $15
26:22
million and 1803 and nearly double the size of the United
26:26
States. Seward paid 7,000,000 for
26:29
Alaska. It's got a trillion dollars of
26:31
oil underneath it. Everybody's going to be doing
26:34
business in cyberspace. Bitcoin is scarce, desirable
26:38
digital property. It's a great idea to trade a
26:41
little bit of currency or paper for some place that billions of
26:45
people are going to be in 100 years.
26:48
So yeah, I think it's a great idea.
26:50
Interesting. I mean, I feel like there's
26:51
always been this ethos around Bitcoin and cryptocurrencies in
26:54
in general that they're decentralized digital gold,
26:57
you've called it digital real estate in the past.
26:59
And it's sort of a hedge against inflation.
27:01
It's a hedge against government spending too much money, for
27:04
example. So the idea that governments
27:05
would be holding it seems like it goes against that.
27:09
You know, it's desirable property and, and if you're
27:14
capitalizing a country based upon scarce desirable property,
27:18
buying Manhattan, buying the United States, buying Alaska,
27:22
anywhere you can do business it, it's the basis of a great
27:25
empire. So no, I think it's a good idea
27:28
for a nation, but it's it's an equally good idea for a
27:31
corporation, an individual, a family or the like.
27:35
OK, so Bitcoin and cryptocurrency is clearly on the
27:38
ballot. What's at stake then in
27:39
November? You know, what you have is is 2
27:46
constituencies. You've got traditional finance,
27:49
and traditional finance operates 19% of the time.
27:53
It costs $40 million to take a company public.
27:57
You know, there's no credit, there's no liquidity on the
28:00
weekend. Bitcoin represents a different
28:02
thing. It represents the 21st century.
28:06
So I think the millennials are looking at at the world today
28:09
and they think electricity, water, elevators, the Internet,
28:14
they operate 100% of the time. Bitcoin operates 100% of the
28:18
time. Why are we stuck with 20th
28:20
century banks, money markets and capital markets that shut us
28:24
down at 4:00 PM on Friday don't open up until 9:30 on Monday.
28:29
You know, if we did that to your food, your water or your air, it
28:32
would be considered cruel and unusual punishment.
28:38
Damn, bro, that was a mic up moment from sailor.
28:41
I mean, this is something that we've been saying over the last
28:43
couple of weeks, right, that the Overton window has shifted.
28:47
He's talking about the pivotal moment that happened.
28:49
I believe that was in Nashville. And now you had we played you
28:53
guys during the cold open. You had Trump on, according to
28:56
Opti, the most popular live stream in history, apparently
29:01
with Aiden Ross. And he's mentioning the industry
29:04
like clearly this is just going in One Direction.
29:08
And of course, you know, Sailor has such an elegant way of just
29:12
describing, you know, all this happening.
29:15
So, yeah, I couldn't be more bullish.
29:17
I think 2025 is going to be a a a big year.
29:21
I think this election. I know a lot of Bitcoiners
29:23
really don't like the whole political talk, but I think it's
29:26
very important just because of how the current administration
29:31
of their stance on the industry and then how the Trump
29:34
administration, their stance on the industry.
29:37
So, and I think that's just going to accelerate.
29:39
Like think about what we're advocating for.
29:41
We're we're advocating for the separation of money and state.
29:44
Like by definition, that sounds somewhat political, right?
29:48
So I think it was inevitable for these things to be talked about
29:53
and just like mainstream political discussion.
29:56
And I know that's a, you know, a tough pill to swallow for a lot
29:59
of people, but I think it's just a reality.
30:02
And I think that once we get over the hump, I think things
30:04
are just going to be way better. I think humanity's heading into
30:08
an era of freedom the likes of which has never seen before,
30:12
where individuals are basically free from, you know, the chains
30:17
of these like archaic nation state systems where, you know,
30:22
I'm going to read you guys the Ron Paul quote because I think
30:25
it's perfect for what I'm talking about.
30:28
So this is Ron Paul. This is his quote.
30:31
He says 1913, the year that led to today's economic torture.
30:35
Both the income tax and the Fed were created that year.
30:39
The income tax made everyone's earnings the property of the
30:42
government. First What the government allows
30:44
people to keep is then relentless, relentlessly stolen
30:48
by the feds, inflation. So Ron Paul is correctly
30:52
pointing out it was 1913, that things were never the same. 1913
31:00
is the year that I want you guys to focus on, right?
31:03
It's not a coincidence that the income tax was introduced the
31:07
same year, literally the same, you could say the same date that
31:12
the central bank was introduced. It's almost as if the state took
31:17
control of people's earnings, people's revenue, right?
31:21
And then the state is saying, OK, we're going to centrally
31:24
plan somewhat and we're going to say what percentage of your
31:28
revenue, what percentage of your income can you as an individual
31:31
keep, right? And remember when they
31:34
introduced the income tax, it was only for the wealthy and it
31:39
was like one or two percentage points.
31:41
Right now, it's like basically half your income, which is
31:45
insane. And of course, they did that
31:47
slowly over a period of time. And then I think the last part
31:50
where Ron Paul's talking about inflation, that's true, right?
31:53
So not only do they tax your income, they also expect you to
31:57
use the money that loses purchasing power.
31:59
This is a central planner's wet dream.
32:02
This is like how a government controls its people.
32:06
And essentially what Bitcoin does is it gives you that time
32:09
back, specifically on the inflation side of the argument.
32:14
And again, if you're not selling your Bitcoin, if you're earning
32:17
and mining Bitcoin and you just leave it in cold storage and
32:19
you're not selling it, you don't have to pay taxes on it until
32:22
you sell it, right? And then why would you sell?
32:24
Why would you sell Bitcoin for something?
32:26
Why would you sell something that is absolutely scarce for
32:29
something that the government can print an infinite amount of?
32:32
That's only a one way door, right?
32:34
So again, this is about the people taking back their
32:39
sovereignty back from the hands of the state because that's
32:43
where it's been. That's what life is like under a
32:46
Fiat standard. And people don't understand how
32:49
much that affects everyday society.
32:53
The quality of the foods, the quality of products, it just
32:56
continues to degrade, degrade and degrade over time because
32:59
the money is broken. And then that leads to other
33:02
unintended consequences, the stability in society, right, All
33:07
of that. You can make a really good case
33:09
as to why that comes from broken money like, and this has been
33:15
repeated throughout history. You can make a really good case
33:18
as to why the the Roman Empire collapsed And one of the one of
33:21
the reasons for that was the debasement of currency.
33:25
So you can make a really good argument to that.
33:27
Now Bitcoin comes along, and This is why Bitcoin and crypto
33:31
are so different when I was mentioning earlier on in the
33:34
show is you can't manipulate the rules of Bitcoin to help
33:39
yourself. It doesn't matter how powerful
33:41
you are, how wealthy you are, what percentage of the supply
33:43
you own, you can't change the rules.
33:47
You can't manipulate the rules. So everyone's equal in that
33:51
sense. We've never had that before.
33:54
And that's what people don't quite understand.
33:56
And This is why it's such a monumental shift.
33:59
And This is why when you switch your life to a Bitcoin standard,
34:03
you start to feel the effects of what it what it's like living on
34:09
a sound money standard. And all of a sudden life gets
34:13
cheaper over time. So you'll be able to afford
34:16
things that you normally wouldn't be able to.
34:19
It's just a matter of saving, right?
34:22
It's really as simple as that. Buy Bitcoin, earn Bitcoin, mine
34:25
Bitcoin, put that Bitcoin in self custody, lock away the key,
34:29
make sure you know where it is and just live your life.
34:33
And over time, your life will get progressively better because
34:37
things will get progressively cheaper around you when you're
34:40
living on a Bitcoin standard. And it doesn't matter what it
34:42
is, whether that's a stock, whether it's the cost of living,
34:46
whether that's food, right? And now imagine the whole world
34:50
on that tip. You would say violence would go
34:53
down, right? Because think about it like,
34:56
like, think about it like a lot of the instability that's
34:58
happening in the world right now is because, you know, people are
35:00
going through poverty, people are struggling.
35:03
I can make a really good case as to why Fiat money is at least
35:07
half of the reason as to why they're struggling.
35:10
And Bitcoin is the solution to that.
35:11
And that's why I believe it's going to radically change the
35:14
world for the better. Anyways, Opti, what's your take
35:17
on this, brother? I want a little bit of a
35:21
sidestepped a little bit, but that Ron Paul quote, man, it was
35:25
inspirational. I don't think people truly
35:27
believe. I don't think people truly
35:30
understand how evil central banking is and how much it's
35:35
affected their lives. Like they blame a lot of the
35:38
things. And I see this all the time,
35:40
like, Oh my God, it's it's Joe Biden.
35:42
Oh my God, it's Trump. And it's like, no, it's broken
35:46
money. Like it boils down to and think
35:48
about it like, and people make the Nico, you're freaking crazy.
35:51
OK, How did you buy the the phone that you're watching us on
35:55
right now or the television or the a laptop?
35:59
What did you use? You probably used money, right?
36:02
So half of every transaction is corrupted.
36:06
It's broken, right? So like, think about that
36:09
everything you're so you buy food, you're probably using
36:11
money unless you're exchanging goats or something, but I highly
36:15
doubt that you're. Probably goats is you're.
36:17
Eating goats, right? Or yeah, but you're, you're
36:20
probably using money. Now imagine if that money's
36:22
broken. That's essentially what we're
36:24
saying. And Bitcoin fixes that.
36:27
So anyways, what's your take on this opti?
36:29
Yeah, well, it's very interesting when you consider
36:32
that, you know, the Federal Reserve, first of all, isn't
36:36
federal and it has no reserves and was created in 1913.
36:39
We haven't really been living in a capitalist society for what
36:43
the last 100 plus years? And yet there's always a lot of
36:46
conversations about, you know, the left and the right and and
36:50
there's never a conversation about what is the actual problem
36:53
here. And it is the money.
36:55
The money is broken. And Nico, you're going to talk
36:57
with Seb Bunny later today on IRL and it's literally going to
37:00
be a a full hour deep dive on this exact idea of just how
37:05
everything is downstream from money.
37:07
And once you have a a broken money, if you're living on a
37:10
broken money standard, then everything gets corrupted
37:13
afterwards. And he who has the power of the
37:15
money printer has the ultimate power here.
37:18
And this is what the game is all about.
37:20
It's all about the money. It will always be about the
37:22
money. And now more people hopefully
37:25
are starting to wake up because again, humans are very, very
37:28
simple creatures. And our brains really only work
37:30
in like one of two ways. You either chase, you know,
37:33
chase pleasure or you try to avoid pain.
37:35
Well, most people don't really learn until they start to feel
37:38
the pain. And now we're saying that
37:40
everyone is starting to feel the pain of inflation.
37:42
Well, rather everyone besides Bitcoiners are starting to feel
37:45
the pain of inflation and they're wondering for ways to
37:48
fix this. We say it all the time.
37:50
There is no political solution to this.
37:52
There is nothing that we can do from within the system that will
37:55
fix the system. Hence why I think it was
37:58
yesterday or maybe on Monday when we was it yesterday, I
38:02
don't know, when we were with the the NASIB, yeah, the Nazi
38:06
was it yesterday where, you know, we were we played that
38:10
Jack Mahler's clip where he basically says like this is
38:13
about building a better system, an alternative system that's
38:17
outside of the control of the the banking cabal of outside of
38:21
the control of the central bankers.
38:22
And this is what it's all about. It's having a money that no one
38:25
can manipulate. And once you start to kind of
38:29
separate yourself from just the idea of number go up, like yes,
38:32
Bitcoin price will go up because Fiat is infinite and that means
38:37
they can print as much money as possible, which means your
38:39
purchasing power will eventually go up because Bitcoin is hard
38:42
capped and they can't debase it. So this is where we are right
38:46
now where people are starting to wake up that hey, maybe there is
38:49
an alternative here. Maybe we don't have to just be
38:52
pawned in the Fiat games and opt out and opt into something that
38:58
is better for every single one of us.
39:00
And this is what is happening in real time.
39:03
Yes, I know as Bitcoiners aren't really that happy about
39:06
politicians basically ending up on our doorstep.
39:09
But now that conversation is happening and now we can really
39:13
incept the ideas and the Bitcoin memes into the mainstream
39:16
consciousness of don't trust but verify of 21 million hard cap of
39:21
like what Nico always ask why are we being forced to use a
39:23
money that's designed to steal from us?
39:25
And to that Sailor clip, we said it after the Bitcoin conference,
39:29
that I think the 2024 conference in Nashville is one of those
39:34
defining moments where Bitcoin gets put into the mainstream
39:38
conversation. It's been happening for the last
39:40
couple of months, but now it's right out in front of everyone's
39:44
faces. And there's one point in that
39:46
clip that I really did like was Saylor basically saying like,
39:49
This is why the millennials are so adamant about Bitcoin is
39:53
because they see the game and they're like, why am I going to
39:56
play this game when we, at least from our perspective, you know,
40:01
us millennials and younger have been through.
40:03
I don't even. I can't even count how many
40:05
great. Financial, not only financial,
40:09
great traumatic events in our lifetime.
40:12
Like I think every pivotal moment of me becoming an adult
40:16
has had another crazy event that we've had to go through.
40:20
And This is why we're just like, man, have fun with your system.
40:23
We're we're doing our own thing over here, Like just get out of
40:26
our way and we can fix this. It is that four turning vibe and
40:29
the millennials are, you know, if you, if you believe in that
40:32
four turning thesis, the millennials are the hero
40:35
generation. It's upon us young people to
40:37
take back our country, take back the world because we're seeing
40:41
that the people in power have literally taking everything and
40:46
they put it in their own pockets.
40:47
And now we're like, look, have fun.
40:49
We we're going to try something better and something different.
40:52
And I think the biggest signal of Sailor saying that part on
40:57
CNBC is these numbers that I mentioned last week that the
41:02
only people that are watching corporate television or
41:05
corporate media or news channels in general are people that are
41:08
like 60 plus. So Sailor knows who he's talking
41:12
to. He's talking to the older
41:13
generation with capital and being like, look, hey, you might
41:16
think this Bitcoin thing's stupid, but the younger
41:19
generation is fed up with your game.
41:21
And so you better catch on to the game being played now or
41:25
else you're going to get left behind.
41:28
And again, connecting this with all of the the pension funds
41:33
that are also starting to get involved with Bitcoin, Bitcoin
41:36
is going to help every single one of us because everyone knows
41:39
that is familiar with what is actually going on with the game
41:42
that the money is broken and they're going to continue to
41:45
print money. And if they're going to continue
41:47
to print money, then that just means everyone else is going to
41:49
get poorer out there. And you need to protect
41:52
yourself. No one in position to power, no
41:54
politician is going to do better for you than you can do for
41:57
yourself. And you're going to have to
41:59
critically think here. And that's why all of plus young
42:02
people and again, you know, I get yelled at all the time
42:05
because I, you know, flippantly always throw the boomers under
42:08
the bus. But there are some boomers and
42:11
silent generation in the chat that hang out with us and Gen.
42:14
Xers that hang out with us and understand the game.
42:17
And we're we're not here to, you know, throw you under the bus in
42:20
that regard, because there are people that get what's going on.
42:23
And the more people we get on our side, not only the faster
42:27
that this happens, but it's a power in numbers game like we
42:31
are winning. We have have a better monetary
42:33
system. It's just most people don't
42:35
understand what we're doing here, hence why it's so easy for
42:38
them to be flipping on the Bitcoin movement.
42:41
But now that it's in the mainstream conversation, now
42:43
that it's actually legitimized in the eyes of the biggest,
42:47
wealthiest financial managers of the world, the conversation's
42:51
only going to increase. And here we are like this is the
42:54
beginning of the end for the, you know, the financiers of Wall
42:59
Street that manipulate the world.
43:01
Like the game is up, but only because if you know what's going
43:05
on, only if you're taking Bitcoin into custody or else
43:09
they will figure out some way again, I, you know, not to get
43:12
too Tin Foley here, but they are active natively working on ways
43:17
to try to control Bitcoin. And it's up to us to follow the
43:22
the correct Bitcoin fundamentals so that that they we can
43:25
maintain Bitcoin decentralization, so that we can
43:28
maintain the freedom money that we fight so hard to, you know,
43:32
opt out of the old system. Like it's, it's, it's just it's
43:37
really incredible that this is where we are right now.
43:39
And I always kind of joke that like, you know, I'm I'm too old.
43:43
I'm too old to be a boomer at Woodstock, you know, for the
43:46
freedom movement. I'm too young to be a TikTok
43:49
star, you know, Internet streamer, but I was born just in
43:52
time to be an advocate for freedom money.
43:55
Like this is what it's about. It's about helping in usher the
44:00
new world, which is going to be on the Bitcoin standard.
44:03
Amen to that and born too late to be a Tik toker.
44:07
Boring. What is it boring?
44:09
Well I think their real meme is like born too late to explore
44:13
space. Like born born.
44:15
Just in time to be a YouTube. All right everybody, if you guys
44:18
are enjoying the show, make sure to smash that like button and
44:21
help us break 100 likes. We're already at 93 within the
44:24
first hour of the show, so smash that like button.
44:26
If you guys are watching us on YouTube, Rumble and Axe.
44:29
Also, there's about 1000 of you guys watching live, so there's
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plenty of people that haven't smash the the like button yet.
44:36
Anyways guys, stay tuned. We still we have an interesting,
44:40
potentially spicy part of the spice of the show coming up, so
44:45
let's check out the culture. The daily culture all.
44:55
Right everybody I do want to give a shout out of course to
44:58
the orange pull app. One of our sponsors Stack
45:01
friends who stack SAT's join the 11,500 bitcoiners that are
45:05
currently on the app to download it, check the check the link in
45:10
the video description or scan the QR code on your screen.
45:13
That will take you directly to the App Store where you can
45:17
download it. And it's a great resource to
45:21
connect with bitcoiners when you're on the go.
45:24
So let's say you're in a new city or you're travelling for a
45:26
conference or let's say you're in your city, you just don't
45:29
know any bitcoiners around you. You pull up the orange pull up
45:31
as a really clever geographical feature.
45:33
They'll show you the bitcoiners near you, give you the ability
45:36
to send them a message, also show you the Bitcoin only events
45:39
near you as well. And it's one of the best ways to
45:43
send me a message. So I don't really answer Twitter
45:46
these days. I don't really answer emails so
45:49
if you want to reach me directly, send me a message on
45:52
the orange pull up and I make sure every week or so to get
45:55
back to every single one of you guys.
45:57
So download the orange pull up today, scan the QR code or check
45:59
the link in the description. Opti has the thing pulled.
46:03
Up. Wait, wait, wait.
46:05
Yeah, I don't want to pull it up yet.
46:06
I don't want to blow the surprise here, but OK.
46:08
So today's culture, Nico said something on yesterday's show
46:13
that I thought we can unpack a a little more on today's show.
46:17
And he says he's like, I already foresee that in the near future
46:21
they're going to be saying some kind of memetics on on the vein
46:25
of Bitcoin is dangerous for our democracy.
46:28
And we're not the only ones that have picked up on this.
46:31
I actually had a thread that I wanted to bring on here and I'm
46:34
I'm going to bring on today. It happened last week, but it's
46:37
really diving down on that same thesis.
46:40
And I know you guys don't care about politics and, you know,
46:43
I'm apolitical, but we did hear, you know, Kamala Harris.
46:48
Kamala Harris, sorry, hit her, her latest vice president
46:52
candidate and it really is much more than just Bitcoin being on
46:58
the ballot sheet. I know I'm on YouTube.
47:00
So Nikko, sorry, but this might be the show that we finally get
47:03
cancelled on. But but but it seems like we
47:08
have two choices in this political or in this election
47:12
coming up. And it is a ticket of Marxist
47:15
and a seemingly ticket of Americans.
47:18
So let me and and let me let me unpack this a little bit.
47:22
Let me unpack this a little bit. So I do have some videos videos
47:25
here. And then I really the whole
47:26
point of this is just to give context to the the threads that
47:30
I want to pull up here. So this isn't about the politics
47:32
or the candidates here. It's just kind of showing what
47:35
what the what the stakes are on the elections here.
47:39
So here we have here's a video, you know, a greatest hits of
47:42
Kamala Harris and her word choice is giving away what her
47:46
intentions are of equitable distribution and equity, which
47:50
is basically just repackaged versions of Karl Marx
47:52
popularized slogan from each according to his ability to each
47:55
according to his needs, meaning a redistribution of well, so I'm
47:59
going to just play a little bit of this and then I'm going to
48:02
play or just show you a. Video before you do that, like,
48:05
could you, could you pull up Elon?
48:07
I'll, I'll pull it. Could you pull up Elon's
48:09
Twitter? Yeah, let's let's get some some
48:13
firepower behind this. OK, what am I looking for?
48:17
What am I looking for? Oh, wow.
48:18
OK. Pin Tweet The Pin Tweet.
48:22
OK, all right. Well, even better.
48:23
Even better. Perfectly stated.
48:26
OK, let's. Go.
48:27
Could you read? What, Elon?
48:28
Yeah. Throw me under the bus here, but
48:30
yes, Elon Musk says Kamala is quite literally a communist.
48:34
We didn't say that. We didn't say that, Elon saying.
48:37
It she wants not merely equal opportunity, but equal outcomes
48:41
and let's. Let's let's about a goal of
48:43
saying everybody should end up in the same place.
48:45
And since we didn't start in the same place, some folks might
48:48
need more equitable distribution, giving resources
48:53
based on equity understanding that we we fight for equality,
48:56
but we also need to fight for equity understanding.
48:58
Not everyone starts out at the same place.
49:01
So there's a big difference between equality and equity.
49:05
Equality suggests often everybody should get the same
49:10
thing. Well, that often assumes
49:14
everybody started out in the same place, as opposed to
49:18
equity, which is everyone should end up in the same place.
49:22
Yikes, Yikes. Enough of that, enough of that.
49:25
So as Bitcoiners, we obviously believe in equal opportunity.
49:30
That's the beauty of Bitcoin. It is the most equitable money
49:33
in the world. Literally anyone on planet
49:35
Earth, if they understand what's going on, you can save in money
49:38
that no one can take from you that that no one has, you know,
49:41
more favor in the system, like the Fiat system that we are a
49:44
part of. But apparently we you, you can
49:47
see the trend of if the Harris Walls presidency get put in
49:55
place, they're going to be very, very bad for Bitcoin because
49:59
they're basically going to say it's not fair for people to have
50:02
Bitcoin. Well, I'll go.
50:03
I'll you know what? I'll go deeper than that because
50:05
Elon already opened the can of worms.
50:08
OK, so you can't have, you can't have communism on a Bitcoin
50:14
standard communism. 5th tenet of the Communist Manifesto talks
50:18
about the necessity of a central bank.
50:21
If you don't have a central bank, you don't have effective
50:25
wealth redistribution mechanisms.
50:27
Without effective wealth redistribution via taxation and
50:32
via inflation, you can't have equity.
50:38
Like you can't give, you can't take from someone and give to
50:41
someone else effectively, right? So that being said, you know,
50:48
like that now that I've explained that, like does it
50:52
really, is it really surprising that Elizabeth Warren has such
50:57
an anti Bitcoin stance? Like is that really that
51:00
surprising? I don't think that's surprising.
51:02
And also like what happens when you take away the government's
51:07
ability just to create money out of thin air?
51:09
Like, politicians can no longer promise free things anymore.
51:13
Their only way of raising money, like taxation is via direct
51:19
taxation. So they actually have to do good
51:22
by their constituents. Like, can't.
51:24
They can't get away with the hidden tax of inflation, which
51:27
is how they pay for things. So like, it's a really kind of
51:33
deep rabbit hole. But yeah, I mean, like Elon said
51:37
it like the the thing with the the equity thing, I mean, like,
51:42
think about like if you just break down what she's saying,
51:45
it's like, forget about equal opportunity, like everyone
51:50
should end up at the same point regardless of effort.
51:55
That's what she's saying. So if I'm putting in 10 years of
51:59
work, I should end up at the same place as someone who
52:04
decided that they just wanted to put in, you know, half a year of
52:10
work over 10 years. Wouldn't you say that the person
52:14
that put in more work should deserve more, right?
52:17
That that's what you would say. But that's what she's saying.
52:20
If that shouldn't happen. So how is she going to make that
52:24
happen? Well, she's going to take from
52:26
someone that has more than what they should, according to her,
52:31
and then give it to someone else.
52:32
That requires coercion and that requires effective wealth
52:37
redistribution. I think they're maxed out on the
52:40
taxes. I think you know what, what's
52:43
the, the the highest income tax in the US is like 40%.
52:47
Maybe they can get away with 50, maybe 55, but Max before people
52:52
are going to be like, what the fuck?
52:54
So, but that's not enough. How do they get away with the
52:58
rest? They get away with the rest via
53:01
inflation. Inflation is the key.
53:03
It's what makes the machine run and spin.
53:07
So yeah, I mean, like, it's crazy.
53:11
Like it's, it's crazy this election, what is like coming
53:14
up? What's in front of us, you know,
53:17
And then like sprinkle in the assassination attempt in there
53:21
that was freaking crazy. That was nuts.
53:24
And yeah, I mean, some some pretty crazy things that, you
53:29
know, are around the corner and, you know, being someone who
53:32
being someone that originally came from Venezuela, like
53:36
Venezuela was one of the wealthiest countries on in South
53:39
America due to large amounts of oil.
53:43
And within, you know, 1520 years, this collectivist
53:48
ideology just completely just destroyed the country.
53:53
And there was a giant brain drain and people just fled
53:56
overseas and Venezuela lost the smartest people.
54:00
And it's just crazy. It's very sad, you know, So, you
54:05
know, to think that after 100 years of trial and error, right?
54:09
Because maybe you could have made an argument, maybe you
54:12
could have made an argument when the Russian Revolution happened
54:15
that, you know, maybe this whole communist thing could work.
54:19
Like after 100 years of various experiments on various different
54:24
continents and the total like blood toll was like 100 million
54:30
deaths, I think it's safe to say that communism.
54:35
Doesn't work. As a political philosophy, it's.
54:38
Never been tried correctly or come on.
54:40
And, and you know, as as an economic philosophy either and
54:45
like, and the reason is simple, like the central planners, the
54:49
politicians, they can't plan enough to solve to, to like
54:57
solve the resource allocation problems.
54:59
So like that's like the reason that like, you know, all these
55:02
socialist countries are communist countries, They run
55:05
out of resources. Or like you see the bread lines,
55:07
it's because the central planners, they don't know how to
55:10
allocate to what resource. And that's something that the
55:12
market does via price signals, right?
55:15
Every time you buy something, you're essentially sending the
55:18
market a signal that like, OK, make more of this because I'm
55:21
buying more of this. And that's something that the
55:24
central planners have never been able to, to figure out.
55:27
Like even in communist China, they ended up pivoting in the
55:31
90s to a little bit more of a free market economy because they
55:35
realized that this wasn't going to work out.
55:38
So you kind of have like a hybrid in China.
55:40
And even in Vietnam too, there's like a hybrid model.
55:43
There's, there's, there's free market.
55:45
And then you could say the the government is, I don't know how
55:47
that works. But the point is, is that like,
55:50
I think this would be terrible. Well, let's, let's keep it
55:54
going, Nika, let's keep it going.
55:55
God, there's more. Yeah.
55:56
Let's keep it going. Let's see what Kamala VP
55:58
Contender thinks. But we can get out there, reach
56:01
out, make the case, and for one thing, don't ever, don't ever
56:05
shy away from our progressive values.
56:07
One person's socialism is another person's neighborliness.
56:10
But we can. Ask, ask how that neighborly
56:14
neighborliness worked out for, you know, the the Chinese and
56:18
the Russians out there. But anyways, that wasn't just
56:21
the point of this whole thing. I know we went a little tirade
56:24
here, but remember the meme we've been saying about Bitcoin
56:28
and Bitcoiners for a long time? That once Bitcoin does what we
56:31
say it's going to do, they're going to call us lucky.
56:34
Well, it's starting to get to the point where they're not just
56:37
going to call us lucky. They're literally going to do
56:40
what Nico said yesterday. You know, Bitcoin is a danger to
56:43
our democracy. Or going further, as Rajat says,
56:46
you know, I could already see the headlines in 30 years,
56:48
owning 10,000 SAT should be illegal tax to Bitcoin holders.
56:52
But this is what I really wanted to do and show today because I
56:55
think this is a great thread and I know we're running a little
56:57
long so I'll just read some of them.
56:58
No, we still got time dude. We got OK, cool, but this is
57:01
this is probably where we're going.
57:02
There's a non zero chance that this is where we're going to be.
57:06
So Michael R Sullivan, great thread, bro.
57:09
And he goes, Bitcoin will eventually hit a million.
57:11
Wait, 100,000 billion, a billion dollars, but it will come with a
57:15
cost. There are a class of people who
57:17
are going to resent us. I've compiled a collection of
57:20
violent political quotes about billionaires and translated it
57:24
into Bitcoin term. So just, you know, being
57:27
paranoid and, you know, forecasting where things can
57:30
possibly go. Let's read some of these classic
57:33
quotes, but in Bitcoin terms, because they're absolutely
57:35
great. So whole corners should not
57:37
exist. Bernie Sanders, OK Alexandra
57:40
Ocasio Cortez Every Bitcoin. This is parody.
57:44
To be. This is parody exactly.
57:45
This is This is just. You know this.
57:47
Is the rules here. These aren't actual quotes.
57:50
But this is just repurposing some of their famous quotes in
57:53
Bitcoin terms. So every Bitcoin maximus is a
57:56
policy failure. Love to hear it.
57:58
Or we got whole corners Should be taxed out of existence.
58:01
Their fortune should be redistributed to funds, social
58:03
programs and reduce inequality. Thomas Piketty or you know, we
58:07
can't afford to have anti government Bitcoin holders.
58:09
They are not a sign of a healthy economy, but a failure of our
58:12
system or moving forward. Noam Chomsky whole corners are
58:16
the people who are in a position to impose massive suffering on
58:19
millions of peoples without accountability or you know
58:21
another one. Bitcoiners are the carbon bombs
58:23
of the global economy and their wealth and the power of
58:26
directly. So enough enough of this.
58:28
But you you get the point. No, you get the.
58:30
Point and I agree, but but like, OK, so normally, normally these
58:36
people wouldn't have power, right?
58:38
The the reason they have power is because of Fiat.
58:42
Without Fiat doesn't matter, right?
58:45
You still got to build a business, you got to build
58:47
something up. So the reason that politics
58:51
takes such a central role in our society today is because money
58:56
and state are one With the separation of money and state,
58:59
politics is going to take a back seat, right?
59:02
It's no longer as important as it is today.
59:06
And regardless of the envy and the, you know, the, the, the
59:11
people like they, they feel like there's, there's and wealth
59:14
inequality. You could definitely make that,
59:16
that that is definitely a problem.
59:17
That is definitely an issue. I just don't think that
59:22
coercive, well through distribution via government is
59:24
the solution to that. I think fixing the money is the
59:27
solution to that. But anyways, I think with the
59:31
separation of money and state, the people that are like
59:35
basically advocating for stealing from someone to give to
59:38
someone else, they're not going to be, they're not going to have
59:42
the power that they once had under a Fiat standard.
59:46
And I think, like I said, the world's going to be a much
59:48
better place for it. And yes, like, you know, in the
59:53
in the book, the sovereign individual, I forget how he
59:56
characterizes the people that get left behind.
1:00:00
I forget how what, what the word is specifically.
1:00:03
But yes, there's going to be a lot of people, a big portion of
1:00:08
the population that didn't listen to you, that didn't
1:00:11
listen to us all these years. And they don't.
1:00:16
They don't, they hate the idea of everyone gets Bitcoin at the
1:00:19
price they deserve because they they truly deserve.
1:00:22
They believe that they deserve better.
1:00:24
And there's definitely going to be a tremendous amount of envy
1:00:29
and there's definitely going to be a tremendous amount of of
1:00:32
people that are just are not going to be OK with that.
1:00:36
And that could potentially fuel the things that you're saying.
1:00:39
But I like I said, I think you know, the, the things that
1:00:43
Bitcoin gives you, which is really the ability to store your
1:00:47
wealth in a sovereign matter manner without any fear of
1:00:52
theft. Like if you do it right, if you
1:00:54
do cold storage, right? And then not only that, but the
1:00:57
power that that gives you because it gives you the power
1:00:59
to vote with your feet, right? Like if you know, like opting, I
1:01:03
joke about this all the time. We're like look like if the US
1:01:07
goes a certain way and and it was getting really dark and now
1:01:10
it's starting to get dark again when the Biden administration
1:01:14
started locking the samurai guys in in jail.
1:01:17
And you're starting to see videos coming out of the UK
1:01:19
about like, we are here to arrest you today because you
1:01:23
posted something on Facebook. Like it was freaking crazy,
1:01:26
right? You can imagine that like five
1:01:31
years from now, 10 years from now and basically saying like
1:01:35
self custody, Bitcoin is not like it's illegal.
1:01:39
It's it's a dangerous to it's a danger to society, it's a danger
1:01:42
to democracy. No, no, no, it's a danger to the
1:01:45
sit to their system, right. And this is like something that
1:01:49
you have to wrap your head around as a Bitcoiner is that
1:01:52
when you take self custody, your Bitcoin, it gives you so much
1:01:55
power as an individual, it changes the balance of power
1:01:59
from the state back to the individual.
1:02:02
You can't do that with gold, but it's physical characteristics
1:02:06
limit your ability to do it with gold.
1:02:08
Plus, not to mention the fact that gold has an inflation rate.
1:02:11
Like they find a certain amount of gold in the ground every
1:02:13
single year. If the price of gold goes up,
1:02:16
they mine more gold and that inflation rate stays relatively
1:02:19
the same. But with Bitcoin, that inflation
1:02:21
rate gets cut in half, which that basically determines that
1:02:26
it's going up forever, Laura. And now you have, if you do it
1:02:30
right, if you learn how to take self custody, you've essentially
1:02:33
perfected the custody thing. Like, and what is that benefit
1:02:38
that benefits you, the individual?
1:02:39
You know how powerful it is to be able to write down or punch
1:02:43
into titanium A12 word seed phrase and you can theoretically
1:02:48
store 1,000,000 billions, trillions of dollars in it.
1:02:52
And if you're in a pickle, you can memorize it, right?
1:02:54
Like think about how empower. Oh, and you can take it to the
1:02:58
grave if you don't show it to anybody.
1:03:01
Like that is so empowering as an individual and that's going to
1:03:05
just change society as a whole. But for people that have been
1:03:08
operating in that previous system, they're going to hate
1:03:13
this system because there's no way to Co opt it the way that
1:03:19
they've been operating, the way that they've been used to Co
1:03:21
opting it, which is through the political process.
1:03:24
Like like Bitcoin ain't democratic, bro, people, Bitcoin
1:03:33
ain't democratic. Like like you're like if you run
1:03:37
a node, you run your own version of the software and you as an
1:03:41
individual get to decide whether you're going to upgrade to the
1:03:45
new software or you're going to upgrade or you're not going to
1:03:47
upgrade to the new software period.
1:03:49
That's it. It doesn't change.
1:03:52
So if the new base layer of society ain't democratic, what
1:03:59
do you think that's going to do to the rest of the political
1:04:02
system, right? There are deeper implications to
1:04:05
it. But I think it, like I said, I
1:04:08
think it's going to change the world for the better and I think
1:04:12
it's going to protect, this is my last bit Opti, because I've
1:04:15
been on a rant. It's going to protect
1:04:17
individuals from theft. That's what it boils down to.
1:04:22
And if you look at human history, it's always about it.
1:04:26
It's so much easier to steal shit than to build things.
1:04:31
So people have been incentivized to just.
1:04:33
I don't feel like working straight 10 years, but that guy
1:04:37
did. I deserve some of his things.
1:04:41
But now that there's a perfect thing that protects you, if you
1:04:44
take self custody of it properly and the the return on violence
1:04:50
isn't there like it was in the current system, then the system
1:04:55
is going to be forced to change. And then there is a pivotal
1:04:57
moment in human history. And I do believe that Bitcoin is
1:05:01
that tool for individuals. And I think most people are just
1:05:08
like, like the way that fees are going on right now, Opti, I
1:05:11
think most people on planet Earth aren't going to be
1:05:13
operating on the main chain. Like there's layer twos and
1:05:17
threes for that. There's layer twos and threes,
1:05:19
but that's what I'm trying to tell you.
1:05:20
Like, you know, like you want to get on the standard now.
1:05:23
You don't want to wait for this thing to be $1,000,000.
1:05:25
Now, it doesn't mean that Bitcoin ain't going to benefit
1:05:27
you. I think Bitcoin is the better
1:05:29
money but you know, forget about I don't know what it is in
1:05:33
multiples. But anyways, I made my point
1:05:36
bro, I'm glad you brought this up.
1:05:38
Let me put a little bow tie on this for my thought.
1:05:40
Truly relevant. Yeah, let me put my my last two
1:05:43
sets here. Look, first and foremost, I am
1:05:45
critical of both sides of the political aisle because none of
1:05:49
them have the solution. But it's becoming very clear
1:05:53
that there is a very real collectivist tint to one side of
1:05:58
the party. And as an sovereign Bitcoiner,
1:06:02
as someone that wants more individual freedom, it's
1:06:05
becoming very clear that it's very important to continue to
1:06:09
expose this type of stuff so more people realize exactly the
1:06:13
rhetoric that they're hearing out there.
1:06:15
We are Bitcoiners. We want you as an individual to
1:06:18
thrive because that means that me as an individual thrive.
1:06:21
And as much as I consider myself kind of libertarian in a lot of
1:06:25
things, I don't think libertarianism can really
1:06:29
survive when the other side of the aisle is actively focused on
1:06:33
what you do as a person. So we got to instill these ideas
1:06:37
and have a money that can't be stolen.
1:06:39
It's all about theft. And this is where we're at right
1:06:42
now. One side of the aisle wants to
1:06:44
steal from you and justify it. And the other side of the aisle
1:06:46
is like, look, just let me be. But we can't actively have these
1:06:50
conversations if we avoid these topics.
1:06:53
We're Bitcoiners. We want to save our Bitcoin.
1:06:56
We don't want to save in the money that's designed to steal
1:06:58
from us. And this is where we are right
1:07:00
now. The the traditional financial
1:07:02
world is absolutely wrecked. And it's the money.
1:07:05
It's always about the money, and it will always be about the
1:07:08
money. And when Bitcoin succeeds,
1:07:10
there's a non zero chance that we end up in a future where we
1:07:12
get villainized because we saved and put our hard work and our
1:07:16
labor into something that isn't designed to steal from us.
1:07:18
It's literally open for everyone and yet people want to fight it.
1:07:22
It's. Absolutely ludicrous.
1:07:24
It's not it's not about it's it's never about like it it it's
1:07:28
never the the issue is the revolution.
1:07:31
The issue is means to an end. It's not the actual issue that
1:07:35
that is the problem. So like to go back to your
1:07:39
point, like, you know, Bitcoin is the most equitable money the
1:07:44
world has ever seen, right? It's collectively owned by
1:07:47
everyone and it's collectively owned by no one, right?
1:07:52
So you can't make those arguments.
1:07:54
It it's a much better money for someone in the developing world
1:07:59
that didn't get the privileges that we have right now.
1:08:02
You can just download a Bitcoin wallet and now you have access
1:08:04
to the Bitcoin network. So you can't come to me from
1:08:09
that side and make try to make those arguments because I just
1:08:12
don't believe you. So, you know, I think I think
1:08:17
Bitcoin has a way of exposing incentives.
1:08:20
And I think anyone who is against Bitcoin is inevitably
1:08:23
going to expose themselves for what they are.
1:08:26
And it's tyrants. That's really what it is.
1:08:28
Bitcoin exposes tyranny. And, you know, I think it's
1:08:33
going to expose Elizabeth Warren for what she is, is a fraud.
1:08:37
And it's going to expose on the Republican side.
1:08:39
I think there was, I don't know, I don't think so anymore.
1:08:42
But there was people that signed up to some of her bills and it's
1:08:46
going to expose them for what they are.
1:08:48
And these are politicians that want to retain the privilege of
1:08:51
being able to create money for free that the rest of us have to
1:08:53
work for. Simple as that anyways, and.
1:08:57
Stay humble. Yeah, it's going to be a, it's
1:09:00
going to be a crazy couple of years, but that definitely gives
1:09:02
stuff for me and Opti to talk about.
1:09:04
We might have to change locations, but stay tuned.
1:09:07
No, no. No, no, we ain't going nowhere.
1:09:10
Anyways, guys, if you enjoyed the show, you know what to do
1:09:11
smash the like button. Consider subscribing if you feel
1:09:13
like we provided you value and of course, we'll be back
1:09:16
tomorrow for my new episode of simply Bitcoin live.
1:09:19
I'm your host Nico. It's my Co host, Optimus Fields.
1:09:21
See you guys later. Peace.
1:09:25
Episode was brought to you by bitcoinwell.com on a mission to
1:09:29
enable independence.