Latest / Simply Bitcoin / Jack Mallers Debates Peter Schiff on Bitcoin | EP 1072

Transcript

Jack Mallers Debates Peter Schiff on Bitcoin | EP 1072 · Simply Bitcoin

• 0:20
  Going to a digital currency society where cash will be
• 0:23
  gradually eradicated either through non use or a lot of
• 0:27
  countries and a lot of governments are trying to
• 0:29
  actively ban it. So they're putting limits on how
• 0:32
  much you can use cash. Say, you know, $1000 and if it's
• 0:36
  more than $1000, using cash is illegal.
• 0:39
  When we go to the society, we have to really think about the
• 0:41
  implications. Do we want a society in which
• 0:43
  our digital money is under complete surveillance and
• 0:47
  complete control? Where if you go to the wrong
• 0:49
  protest or if you support the wrong political campaign, or if
• 0:53
  you make a payment to the wrong person or receive money from the
• 0:55
  wrong person, suddenly your money disappears.
• 0:58
  It's no longer yours anymore. It's frozen, it's seized, it's
• 1:01
  gone. And someone has control of that.
• 1:05
  Corporations, banks, governments.
• 1:06
  And in most cases, there is no difference between Corporation,
• 1:09
  Bank and governments, right? And so that's one scenario.
• 1:13
  And the other scenario is one in which individuals control their
• 1:16
  money. And it is digital money, but
• 1:17
  it's digital cash like Bitcoin, where you can pay an individual
• 1:20
  from one person to another, just like I can with cash today
• 1:23
  without any other party getting involved.
• 1:26
  What really strikes me as amazing is that we've gotten
• 1:28
  used to this idea so quickly, which is that we no longer pay
• 1:33
  people. We no longer pay people
• 1:36
  directly. The less we use cash, the more
• 1:38
  we pay people through a corporation, right?
• 1:42
  So from tipping your valet to tipping your taxi driver to
• 1:45
  tipping wherever, tipping is pretty much the last remaining
• 1:49
  part of our society where cash is used to pay from one person
• 1:54
  who is not an incorporated entity to another person who is
• 1:57
  not an incorporated entity. Everything else you have to pay
• 1:59
  for a corporation, whether it's a bank, right, whether it's
• 2:02
  Venmo, whether it's PayPal, whether it's any of those
• 2:05
  things. And we've gradually gotten used
• 2:07
  to this environment where we can't pay another person unless
• 2:09
  there's a corporation involved. And that's astonishing to me.
• 2:13
  And as cash disappears, that then becomes a final fact that
• 2:17
  every single payment in your life will be from you to a
• 2:20
  corporation. And that corporation?
• 2:21
  Takes a piece of that every single thing.
• 2:23
  And not just that, it doesn't just take a piece, it also
• 2:26
  controls and surveils and monitors your juice.
• 2:28
  And if you violate the terms and conditions, you are destitute.
• 2:31
  Wow. So our so the issue is not what
• 2:35
  we have today versus the digital currency of the future or
• 2:39
  Bitcoin or whatever. It's both.
• 2:41
  Futures are digital currency and in both futures cash will no
• 2:44
  longer exist. That is inevitable.
• 2:47
  We are going down that road and now we have to choose.
• 2:50
  Do we go to the digital cashless Society of corporate control
• 2:53
  over money with the complete and total merging of corporate and
• 2:58
  state money, where instead of having separation of state and
• 3:02
  money, have the merging of state and money and corporation and
• 3:04
  money? Where your money is branded
• 3:06
  money. You have Chase dollars, you have
• 3:11
  Goldman Sachs dollars, you have Coca-Cola dollars, right?
• 3:14
  You have money that is controlled by a corporation.
• 3:16
  Or do we go down the other future where we have money that
• 3:19
  is basically an Internet Protocol that is completely
• 3:21
  global, that any person can pay any person they meet in the
• 3:24
  streets without any corporations getting involved?
• 3:25
  Just for me to you digital cash. And that's really the it's a
• 3:30
  less optimistic view because I'm fully aware of what the other
• 3:33
  future is and it's already playing out and it is a very, in
• 3:36
  my opinion, a very dangerous future.
• 3:38
  Yeah, we're going to simply Bitcoin live, your number one
• 3:40
  source for the peaceful Bitcoin revolution corporate.
• 3:42
  Can you use culturomatic warfare will be your guide through the
• 3:45
  separation of money and state. Ladies and gentlemen, we are
• 3:48
  streaming to Noster using ZAP dot stream.
• 3:52
  We're figuring out how to post the videos natively.
• 3:56
  Bear with us. But yes, we are streaming to
• 3:59
  Noster. We posted the ZAP dot stream
• 4:02
  link on the Simply Bitcoin Noster account, so go follow it
• 4:07
  or Noster. I don't know if that's the
• 4:09
  correct terminology, but you guys know what I'm saying.
• 4:11
  I'm still a Noster noob, but yes, we're broadcasting
• 4:14
  worldwide YouTube Rumble X Noster now too.
• 4:19
  Very very bullish. Anyways, starting off with the
• 4:21
  beginning clip of Andreas Antonopoulos, he played such a
• 4:26
  crucial role in my orange peeling journey.
• 4:29
  I used to watch his lectures on repeat over and over and over
• 4:35
  and over again. And I used to have like these so
• 4:38
  many Eureka aha moments about Bitcoin because back then there
• 4:42
  really wasn't that much Bitcoin content.
• 4:44
  It's not like today, back in the day, back in the, you know, when
• 4:48
  I got in 2016, it was, you know, it was few and far between.
• 4:52
  Now it's a, it's a lot more developed these days.
• 4:55
  So what's interesting, a couple of things he talks about
• 4:59
  essentially Bitcoin or slavery, something that we talk a lot
• 5:02
  about on this show. There's 2 worlds in front of us.
• 5:05
  There's a world of central bank digital currencies, which is the
• 5:09
  future of Fiat. And there's a world of Bitcoin,
• 5:12
  the separation of money and state, which is going to allow
• 5:15
  hope, peace, prosperity, opportunity and the future of
• 5:20
  central bank digital currencies. The future of Fiat is a future
• 5:23
  based on coercion and censorship.
• 5:26
  And the reason for that is simple.
• 5:27
  We read you guys a post from Jeff Booth on Noster yesterday.
• 5:32
  If the international based order is set upon a money that is
• 5:39
  based on theft, that system is going to require coercion and
• 5:44
  censorship to get people to go along with that said system.
• 5:49
  It it goes hand in hand. Like why do you think they want
• 5:53
  to censor? Why do you think they want to
• 5:55
  coerce? Because it's a system based on
• 5:58
  theft. And I don't think naturally
• 6:00
  human beings are OK with that. I think that they obfuscated a
• 6:04
  lot. They use these, you know, these
• 6:06
  complex words and complex jargon the way that we're that they
• 6:10
  talk about inflation. It's like as if it's a, a, you
• 6:15
  know, a fact of life. It's part of Mother Nature.
• 6:19
  And you see these questions to these politicians.
• 6:23
  Like, what are you going to do about the grocery bill?
• 6:25
  Like they are single handedly responsible for that and people
• 6:31
  are not aware of this. So they rely on the media, they
• 6:34
  rely frankly on propaganda. They rely on misinformation to
• 6:39
  keep people in the dark about the truth of money.
• 6:43
  And that's our job as Bitcoiners, really, to get the
• 6:46
  message out there, break the Bitcoin echo chamber, and really
• 6:49
  get people to understand that money can exist without theft
• 6:53
  baked into it. The farther you get away from
• 6:58
  the developed world where the inflation rate is ever so slight
• 7:02
  for people not to realize they're being just stolen from,
• 7:05
  the less that veneer of legitimacy works on people.
• 7:14
  When you're dealing with hyperinflation or double digit
• 7:17
  inflation and the government is on TV telling you that it's your
• 7:20
  patriotic duty to use your local currency, you don't believe them
• 7:26
  anymore. So we're going to do a special
• 7:29
  coverage of the debate tonight. We're going to focus on Bitcoin.
• 7:33
  We're not going to get into all the other political issues and
• 7:36
  Opti and I are going to react to it.
• 7:37
  I think Sophie's going to join us as well.
• 7:39
  It's going to be an EX Rumble and Noster exclusive because we
• 7:44
  might say some things that are not YouTube friendly.
• 7:46
  So really looking forward to that.
• 7:48
  Also, Jack Mahler's had a debate with Peter Schiff in regards to
• 7:53
  how Bitcoin is superior to gold. I can't believe we're even
• 7:57
  having this discussion. But TLDR essentially, look, I'm
• 8:01
  a fan of gold. I'll be honest with you, I'm a
• 8:03
  fan of it. I'm a fan of physical gold, gold
• 8:06
  that I can hold in my hand. But do I believe that gold is
• 8:11
  superior to Bitcoin? No.
• 8:13
  Do I believe that you can build a sound money system or sound
• 8:17
  money society on top of gold? No.
• 8:21
  Because of gold's physical characteristics, it is.
• 8:25
  It is essentially limited on how it could be used.
• 8:30
  You can't send gold immediately across the globe for pennies on
• 8:34
  the dollar. You're going to have to send a
• 8:36
  paper version of that gold, right?
• 8:38
  But you're not going to actually be able to send that physical
• 8:40
  gold internationally, overseas instantaneously at the speed of
• 8:45
  light. It's not going to happen.
• 8:48
  So because of those reasons, because of gold's physical
• 8:52
  characteristics, it failed and it was eventually Co opted.
• 8:56
  And by the way, this isn't just the story in the United States.
• 9:01
  This happened back in the Roman era as well.
• 9:04
  When the Roman currency the the Dinarist first was released, it
• 9:08
  first came out the amount and they didn't use, they used
• 9:11
  silver instead of gold, but a rare, a rare or like a a rare
• 9:15
  metal, right? A scarce metal.
• 9:17
  Better said the amount of silver in each Dinaris, I think it was
• 9:22
  like .85% or .9%. By the time of the Roman Empire,
• 9:27
  the the downfall of the Western Roman Empire, it was down to
• 9:30
  like .00000 like it was a is a minuscule amount.
• 9:35
  So they inflated the currency and people could you could make
• 9:38
  a very strong case that the reason as to why the the the
• 9:43
  downfall of the Roman Empire occurred what one of the major
• 9:46
  reasons was inflation. So this is a story that has
• 9:51
  repeated itself throughout human history, but for the first time,
• 9:56
  we have a technology and that only Bitcoin that fundamentally
• 10:01
  solves this problem. If enough people wake up to the
• 10:05
  reality of the power that self custody gives the individual.
• 10:10
  And I posted this on Oster and Twitter this morning, if enough
• 10:14
  of us take self custody, we win and there's nothing they can do
• 10:18
  about it. And what's very powerful about
• 10:21
  this movement is that we are not relying on a politician to swoop
• 10:26
  in and come and save the day. This is something that each of
• 10:30
  us as sovereign individuals could start doing now, buying
• 10:34
  Bitcoin, earning Bitcoin, mining Bitcoin, and taking that said
• 10:38
  Bitcoin into self custody right now.
• 10:41
  We could start doing this now. We don't have to wait till the
• 10:44
  result of the election. We don't have to wait for Trump
• 10:49
  to come in and you know, save the day.
• 10:51
  Or if you believe in Kamala to come in and save the day, you
• 10:56
  could start saving your own day by earning, mining and saving in
• 11:00
  Fiat. And by doing so, you are now
• 11:02
  living on a unit of account, a currency that is inherently
• 11:08
  deflationary, meaning your life and everything around you,
• 11:11
  housing, food, whatever, it's going to get progressively
• 11:16
  cheaper for you over time compared to everyone else around
• 11:20
  you that for whatever reason continues to use political, also
• 11:24
  known as Fiat. So something to keep in mind as
• 11:28
  we watch the debate tonight. The answer to a lot of the
• 11:31
  world's problems isn't a politician.
• 11:34
  The answer to a lot of the world's problems is broken
• 11:36
  money. That being said, all that being
• 11:38
  said, still, depending on which politicians get elected into
• 11:43
  office, this could either accelerate hyper bitcoinization
• 11:48
  or decelerate it. So that's not to say that Fiat
• 11:51
  politics isn't important. It still plays an important role
• 11:54
  during this transitionary era. I can't emphasize that enough.
• 11:58
  This is the first Bitcoin election in the United States.
• 12:01
  But what I do want to emphasize is that you can start take
• 12:06
  control. You can start taking control of
• 12:07
  your destiny today. You don't have to wait for
• 12:10
  anybody. And that's the power of Bitcoin.
• 12:12
  Anyways, I do want to welcome our panel for today.
• 12:15
  Of course, we have Carr, the founder of Pleb Lab, and we have
• 12:20
  Optimus Fields in the house today.
• 12:22
  Man, Opti, I think this is going to be our first live reaction to
• 12:26
  a Fiat political debate. Are you excited?
• 12:30
  I'm so excited. It's going to be amazing.
• 12:33
  It's going to be so much fun. I I cannot wait.
• 12:36
  I am literally bursting out of my seams ready to do this
• 12:40
  stream. No, it's going to be wack.
• 12:41
  It's going to be so wack. Yeah, I'm not, I'm not, I'm not
• 12:45
  happy about it. The I'm pretty sure it's going
• 12:47
  to be a horrible debate. But hey, we got to do it for the
• 12:50
  culture. We'll see what happens.
• 12:51
  It should be fun anyways. But yeah, I'm not that excited.
• 12:54
  I've I've been watching too much politics lately.
• 12:57
  I watched the DNC, the RNC, the last debate and man, it's just
• 13:02
  clown world personified and it is horrible and it's not fun and
• 13:07
  it's not even exciting. So yeah, it's not going to be
• 13:09
  great at all. It's literally going to be bad.
• 13:11
  But anyways, I'm kind of excited about the ZAP stream Niko Niko
• 13:15
  just literally, you know, silent launched this ZAP stream on me
• 13:20
  and shout out the Darth coin. He he zapped us 121 sats
• 13:24
  already. So this is this is pretty cool.
• 13:26
  We got, you know, 20 people over there on ZAP stream.
• 13:28
  That's dope. This is this is awesome.
• 13:30
  And yeah, on another note, I am totally cooked right now.
• 13:34
  My back hurts. I feel like a boomer.
• 13:36
  I'm I'm struggling to even sit up right now.
• 13:39
  But hey, you know the show goes on anyways.
• 13:42
  Car, what's up bro? I'm one SEC, one SEC am I here?
• 13:48
  Yes car, I am super excited for today's culture.
• 13:51
  Let's talk about Pleblab real quick.
• 13:53
  For everyone out there that doesn't know what Pleblab is,
• 13:56
  give it a little TLDR. What is Pleblab and what is the goal
• 13:59
  with Pleblab? And then we'll go deep, deep
• 14:01
  dive on the culture. Yeah, it's kind of what Nico was
• 14:04
  saying at the top of the show with the Andreas clip.
• 14:06
  It's, it's about decentralizing the world and making sure
• 14:09
  Bitcoin is the primary currency to do that.
• 14:11
  One of the things that we do here at pub lab is we have a
• 14:13
  hackerspace with builders who are all self sovereign.
• 14:16
  A lot of them don't want to be docs.
• 14:17
  A lot of them want to keep their privacy.
• 14:18
  So we allow them to pay with Bitcoin directly to us.
• 14:21
  So we're kind of like the the shield, as you would say, for
• 14:24
  these builders to create in peace and, and be able to do the
• 14:27
  things that they want to do. So it's very much that ethos,
• 14:30
  the core hardcore Bitcoin ethos. And yeah, I think on the monthly
• 14:36
  we try to do our best to get more developers and more
• 14:39
  projects inside the lab and try to help them in any way we can.
• 14:42
  Whether that's getting them connected to people like Y'all
• 14:44
  or getting them connected to other people in the space that
• 14:46
  can provide them grants or provide them some sort of
• 14:49
  upfront Bitcoin to help them get started on their on their path
• 14:53
  for their project. And yeah, I'm super excited with
• 14:56
  what we've been doing for the past four years here in Austin,
• 14:59
  and I'm looking forward to doing another 4 this next cycle.
• 15:03
  Oh, man, I'm excited. I love Bitcoiners building, man,
• 15:07
  Bitcoiners building is how we win.
• 15:09
  We got the smartest and brightest people on our side.
• 15:13
  Yeah. And of course, most importantly,
• 15:15
  we have incentives on our side. And all they have left is lies,
• 15:21
  misrepresentation and coercion. So it's something to keep in
• 15:24
  mind, something very, very important.
• 15:26
  Anyways guys, before we jump into the show, I do want to give
• 15:30
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  today to get started. All right, everybody, let's hit
• 16:56
  the numbers. All right, everybody.
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  website. At the time of recording the
• 18:15
  Bitcoin price is $56,910.00 Sats per Dollar 1757 block height
• 18:25
  860,775 blocks to having 189,225 Having estimate March 23rd 2028
• 18:38
  Total lightning network capacity 4939 BTC capacity value
• 18:45
  281,000,000 Realized monetary inflation 1.39% Market
• 18:52
  capitalization 1.12 Trillion Bitcoin versus gold market cap
• 18:58
  6.47 percent. So in the opening monologue I
• 19:03
  was talking about money. What is money?
• 19:06
  And once you start going down this rabbit hole, the inevitable
• 19:10
  question that you're going to lead to is not what is money?
• 19:13
  The question that you're going to lead to is what is
• 19:16
  government? What is the role of the state?
• 19:19
  What do they do for me? And you could see the cognitive
• 19:23
  dissonance when cognitive dissonance when you see Fiat
• 19:27
  economists talking about this and you see them like short
• 19:31
  circuit a little bit and you see them get upset when they say it
• 19:36
  can't be money, Bitcoin can't be money.
• 19:38
  You see this from central bankers.
• 19:40
  You see this from politicians. And here's the reality check.
• 19:45
  Bitcoin is currently sitting at $56,907.00.
• 19:50
  I've used Bitcoin to purchase many things in my life using
• 19:54
  Lightning or using on chain. Is that not money?
• 19:59
  Like am I not using it as money? So the market determines what
• 20:05
  money is, not politicians. And unfortunately for people
• 20:12
  that have, you know, drank the Kool-aid, so to speak, that's a
• 20:16
  very hard pill to swallow because for the first time, the
• 20:21
  state can't shut it down because of its decentralized nature.
• 20:25
  And because the state can't shut it down, it's going to be forced
• 20:30
  to compete with it. And when you have state money
• 20:34
  which is censored and inflated, versus decentralized money,
• 20:39
  which is censorship resistant and deflationary, you're going
• 20:45
  to figure out very quickly who's going to win that over the long
• 20:48
  term. Go and try to send a wire
• 20:51
  transfer and then send a Bitcoin transaction.
• 20:54
  You'll realize extremely quickly how this ends.
• 20:58
  But remember the, to use Jeff Booth's words, the international
• 21:03
  rules based order. A lot of the systems of control
• 21:08
  that the government has built has been built on the idea of
• 21:13
  always being able to put pressure on the middleman.
• 21:18
  The problem is for them is whether it comes to information
• 21:23
  mass scale peer-to-peer communications or mass scale
• 21:26
  peer-to-peer transactions. There is no middle man to Co
• 21:30
  opt, but their system has not adjusted to that.
• 21:34
  Anyways, I'm giving context to this video before I play it.
• 21:38
  I think Max Keiser has a really good point here.
• 21:41
  Money existed before the state. Bitcoin separates money from the
• 21:45
  state. Bitcoin ends the state.
• 21:49
  Not only is David MCW, it stands for David McWilliams, an
• 21:54
  economist, podcaster and author view on money.
• 21:57
  Daft. His views on the state make no
• 21:59
  sense either. No state money has ever escaped
• 22:03
  losing 99 to 100% of its purchasing power.
• 22:07
  Let's check out the clip. It's about a minute and 13
• 22:09
  seconds. You talk about cryptocurrency,
• 22:12
  you talk about Bitcoin, and you sound a fairly significant
• 22:14
  warning. One of the key points in the
• 22:17
  book is that over thousands of years, one of the essential
• 22:21
  arguments has been between private money and public money.
• 22:25
  Real money is always public, issued by the state or an agent
• 22:30
  of the state. Private money, as in
• 22:32
  cryptocurrency, can only enrich those people who print the
• 22:36
  money. And if you, if Anton Savage had
• 22:39
  Anton Savage coin and you print it, who'd get rich, Anton?
• 22:42
  You would actually get rich if you think about it, right.
• 22:45
  So at the core of the monetary system is the idea that money is
• 22:51
  as much part of the state as the guard, ER, as the Irish army is,
• 22:54
  as the tax system is, right. This is the state.
• 22:57
  You cannot divorce money from the state.
• 22:59
  Why? It's too important.
• 23:00
  Yes, we are told the. Cryptocurrency achieves exactly
• 23:03
  that, and this democracy and currency.
• 23:05
  Cryptocurrency is lots of things, but it's not currency
• 23:09
  and it's not money. It is a speculative asset that
• 23:12
  goes up, goes down. As I said in the book, look, I'm
• 23:15
  not giving people financial advice.
• 23:17
  If you want to buy crypto, away you go.
• 23:18
  But don't tell me it's money, because if you tell me it's
• 23:21
  money, you don't understand money.
• 23:24
  I would say he doesn't understand money.
• 23:26
  I would say that like it can't, he can't comprehend it.
• 23:30
  He has come to the conclusion, but he can't comprehend a world
• 23:35
  where the state isn't in control of money.
• 23:37
  So let's rebuke a lot of his points.
• 23:40
  First point that he made, which is this idea of public and
• 23:44
  private guys, I'm telling you right now that is BS.
• 23:50
  Why? Has anyone ever audited the Fed?
• 23:54
  No. Can you create more dollars?
• 23:58
  No. You go to jail.
• 23:59
  That's that's like, you know, counterfeiting.
• 24:04
  Can you, you know, audit every transaction on a public Ledger?
• 24:09
  No. Can anyone mine Bitcoin?
• 24:13
  Yeah. Could anyone run the Bitcoin
• 24:16
  softer? Yeah.
• 24:18
  Could anyone audit it at any time?
• 24:20
  Yeah. Does anyone have any special
• 24:23
  privileges within the Bitcoin network?
• 24:25
  No. What sounds more public and what
• 24:29
  sounds more private to you? And he said the choir part out
• 24:32
  loud when he was talking about shitcoins.
• 24:34
  Which is why Bitcoin is so different than altcoins.
• 24:38
  And altcoin doesn't solve the problem of Fiat.
• 24:41
  It just moves the problem of Fiat from the government to a
• 24:45
  foundation or to a founder, which is no one should have the
• 24:49
  ability to create money for free that another human being has to
• 24:53
  work for. The fundamental issue with
• 24:55
  altcoins, from the revolutionary standpoint is that altcoin
• 25:00
  founders and developers will change the rules to benefit
• 25:03
  themselves, just as the government does.
• 25:07
  What bitcoiners have realized is that no one should deserve
• 25:10
  special privileges. Everyone should be equal in that
• 25:14
  sense. So he's coming to the
• 25:17
  realization that, holy crap, like, it is extremely important
• 25:22
  that the government continues to have that monopoly on money.
• 25:27
  I don't think the government in its current form can exist
• 25:30
  without having its monopoly on money.
• 25:32
  And therefore, in his mind, he just blocks it out and he just
• 25:35
  says it can't be money. Reality check, it's not for you
• 25:39
  to determine or any central bank or any country or any government
• 25:44
  to determine what is money and what is not money.
• 25:48
  The market is going to do that on its own.
• 25:51
  And by the way, already in El Salvador, they made Bitcoin
• 25:55
  legal tender legal through democracy.
• 25:58
  So in El Salvador, if you want to go down that route, it's
• 26:01
  already determined as money. So who are you to say as someone
• 26:06
  living in the West, that the that what El Salvador did,
• 26:11
  choosing a money that they wanted to define as money is not
• 26:15
  money? Who are you to say that?
• 26:17
  What he's really protecting and what he's really advocating for
• 26:21
  is I want the system, this special system where
• 26:26
  bureaucratic elite in Washington, DC had the very
• 26:30
  special privilege of being ever being able to control and issue
• 26:34
  money at will. And that system is now being
• 26:37
  threatened by something that is decentralized and can't be shut
• 26:41
  down. So therefore that system in
• 26:44
  Washington, DC is going to have to compete with Bitcoin.
• 26:47
  And it doesn't like competition. It hates competition because
• 26:51
  fundamentally it's a system based on theft.
• 26:53
  But I love watching them squirm in the process.
• 26:57
  Like he he, he couldn't like he could not comprehend it.
• 27:01
  You could see he was like, it's just not money.
• 27:04
  This is this is impossible, like only the state should have the
• 27:07
  ability to do that. And then he uses the, he tries
• 27:10
  to commingle the word public with the word no, no, no, no,
• 27:14
  no, no, no Fiat is private. The Bitcoin is public.
• 27:18
  That's the reality, right? So anyways, that's my take on
• 27:22
  that. I just, I love to play those
• 27:24
  types of things because those are the types of people that you
• 27:27
  know, those are the types of people that are going to come
• 27:29
  out. They're they're going to hate
• 27:30
  Bitcoin, They're going to try to stop it, not because of bitcoins
• 27:35
  characteristics, for the benefit that Bitcoin's going to bring,
• 27:38
  but because they're advocating for a spit, for a system of
• 27:41
  special privileges, a system based on theft and coercion.
• 27:46
  That's what they're advocating for.
• 27:47
  When you advocate for Fiat. Anyways, I'm going to pass it on
• 27:50
  to car car. You have an amazing background
• 27:52
  behind you, so I'm sure you feel very, very passionately about
• 27:57
  what that gentleman had to say. What are your thoughts?
• 27:59
  I think, I think you just hit it on the on the head, Nico.
• 28:02
  I think the biggest problem with it is like Jerome Powell can
• 28:05
  just press a button and wipes away everybody's hard work for
• 28:07
  the week. Do you know what I mean?
• 28:09
  Like he can literally just print money at will from his desk.
• 28:14
  And to me that's, that's just like not acceptable.
• 28:17
  I mean, we can, I mean, we can work really hard as builders
• 28:20
  here in the ecosystem and we can work for every SAT that we have.
• 28:24
  And fundamentally we all know that, hey, there's more work to
• 28:28
  be done and we can have those conversations.
• 28:30
  But honestly, this, this, this world that they're, they're kind
• 28:34
  of in right now just printing money and wiping away
• 28:36
  everybody's hard work for the week.
• 28:37
  It just doesn't make any sense to me. 100% no, it doesn't mean
• 28:41
  I don't think it makes any sense to anyone Opti it like it.
• 28:44
  It doesn't make sense if you wake up like and you see people
• 28:48
  kind of struggling with it and trying to come to terms with it
• 28:51
  because it's a very tough pill to swallow.
• 28:54
  Could you imagine that like you've been working your entire
• 28:57
  life for these dollars and then you realize that the entire
• 29:01
  system is based on theft and it's based on a lot people don't
• 29:04
  understand what money is and people still believe that
• 29:08
  inflation is somehow like a fact of nature.
• 29:11
  Anyways, Opti, what are your? What are your thoughts on all
• 29:13
  this? Well, my first thought is just
• 29:17
  the amount of status academic cope that I just heard was off
• 29:21
  the chart over 9000. I am happy that these people do
• 29:25
  the mental gymnastics to try to say that Bitcoin isn't money and
• 29:29
  they never hold Bitcoin. Honestly, I think this is a
• 29:32
  feature, not a bug. So I I thought that was kind of
• 29:35
  hilarious, especially the part where he's saying what do you
• 29:38
  say? Like if I created my own coin, I
• 29:41
  would print it and then I would get rich.
• 29:44
  It's like, does this guy even understand how Fiat currencies
• 29:46
  work? That's literally what's going on
• 29:48
  with dollars and whatever. You know, the pound, it's all
• 29:52
  paper money. You know, Fiat money, which is
• 29:54
  literally money by the decree of the government.
• 29:57
  And they can print more of it and the people at the top get
• 30:00
  richer because they're closer to the money printer.
• 30:02
  Like he literally just described the Fiat system and then painted
• 30:06
  it on crypto currencies. And I agree, This is why we are
• 30:09
  Bitcoin only, because Bitcoin had the Immaculate Conception,
• 30:13
  because everyone that participates in the Bitcoin
• 30:16
  network is equal on the Bitcoin network.
• 30:18
  And so I to a certain extent kind of agree with him, but what
• 30:23
  he just painted really only relates to Fiat currencies and
• 30:28
  altcoins. It it it has nothing to do with
• 30:30
  Bitcoin. And of course I'm a free market
• 30:33
  maxi. I agree that there shouldn't be
• 30:35
  a cabal of government officials that control the monetary
• 30:38
  network. It's just simple economics.
• 30:40
  I don't think that any small group of people have all of the
• 30:45
  information to control the economy in a good way.
• 30:50
  Any amount of control over the economy is going to 'cause
• 30:54
  inadvertent effects and then they will just continue to
• 30:57
  manipulate it. And this is the feature of
• 30:59
  Bitcoin. Bitcoin will end financial
• 31:01
  engineering and this is the future that we're heading into.
• 31:04
  And especially if you relate this to the cold open of Andreas
• 31:08
  Antonopoulos, we are heading into a digital world.
• 31:11
  It already is digital. Fiat money is already digital
• 31:15
  and we really have to pass ahead of us.
• 31:17
  It is either a digital currency ACBBC that is controlled by a
• 31:23
  small cabal of people that has expiration dates that can be
• 31:27
  censored that you know can really kick you off the network,
• 31:31
  or another one that none of those features are a part of.
• 31:35
  There is a permissionless censorship resistant money that
• 31:38
  all you have to do is choose to participate in it.
• 31:41
  It is freedom money. It is Bitcoin.
• 31:43
  So personally, man, I maybe maybe it's because my back's
• 31:47
  hurting and I feel like a boomer today and I'm like, look, have
• 31:50
  fun playing with your paper money, with your government debt
• 31:53
  Ious like we don't need you where we're going.
• 31:55
  You will get it eventually. But it really just goes to show
• 32:00
  that if people are listening to these academics, these status
• 32:05
  Keynesian economists and this guy, what works for the
• 32:08
  economists like the magazine, and it's just, it's ridiculous
• 32:12
  that this is where we are. So hopefully people aren't
• 32:15
  listening to him, but I think people are listening to him
• 32:17
  because he has the academic background that he has that
• 32:21
  legitimacy. But man, it's just, it's just
• 32:24
  beautiful. Like I, I love speculating.
• 32:26
  I, I, I love speculating on life and then being proven right and
• 32:31
  just continuing to show the world that, hey, you may not
• 32:34
  think Bitcoin is money. That's fine by me, but it is my
• 32:37
  money and I will continue to save and use the better money.
• 32:42
  It's just that simple. Have fun. 100 percent, 100% also
• 32:45
  shout out. I didn't expect so many live
• 32:48
  viewers on ZAP dot stream bro and it's a lively chat.
• 32:51
  So shout out to the bitcoiners that are watching us there.
• 32:54
  And of course, we posted that on our noster as well.
• 32:57
  So really, really warming up to that as well.
• 32:59
  I see lightning goats, Darth coin, Darth coin.
• 33:02
  I apologize for taking so long. I'm a media person, not really a
• 33:05
  tech person, but I eventually I figured it out over the weekend
• 33:09
  and we're going to continue to drop even more content on Noster
• 33:13
  as well. So stay tuned anyways, guys, if
• 33:15
  you're watching us on YouTube Rumble X Nos, I don't know if
• 33:18
  you could like it, but make sure to smash that like button
• 33:21
  really, really helps push the message forward.
• 33:24
  Of course, if you guys are enjoying the show, make sure to
• 33:26
  share the video as well. Stay tuned.
• 33:28
  We're going to talk about Jack Mahler's debating Peter Schiff
• 33:31
  during the news segment. So let's check it out.
• 33:34
  Here we go. Special shout out to our
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• 35:41
  cheese all right everybody, so let's talk about this.
• 35:44
  I don't even know why this is still a debate.
• 35:47
  I, I don't, I, I can't comprehend it.
• 35:49
  This is like what is going on. I don't get it.
• 35:53
  I don't understand it. Like speak about it.
• 35:56
  Like the cognitive dissonance. That's what, that's what it just
• 35:59
  reminds me of. It's like that guy talking in
• 36:01
  the podcast earlier and then this.
• 36:04
  It's the same. It's like there's like clear
• 36:06
  cognitive dissonance here and like there's reality staring you
• 36:11
  in the face. But because these things have
• 36:13
  been around for so long, like they just, they're like, no, it,
• 36:17
  it, it can't be this, this, this magic Internet money, it just,
• 36:20
  it's impossible. Like I, I can't comprehend it,
• 36:23
  but like I think the data speaks for itself, right?
• 36:27
  The BTC per ounce of gold for the audio listeners right back
• 36:32
  in 2010, it was I think it's 1.41 point 5 million satoshis
• 36:38
  per thing. And this just thing, this thing
• 36:41
  just like like just goes down and to the right now today it's
• 36:46
  .047 Bitcoin. I think that meant like, dude,
• 36:51
  it's crazy. It's crazy.
• 36:53
  Is that 1,000,000 Bitcoin per oz?
• 36:55
  Anyways, the point is, is that this thing is just gone down,
• 36:59
  right? And then as you can see, the
• 37:01
  price of Bitcoin just continues to go up.
• 37:04
  So I mean, I think the numbers speak for the self, for itself.
• 37:07
  I think everything goes to zero against Bitcoin, whether that's
• 37:12
  gold, whether that's the dollar, whether that is your, you know,
• 37:16
  favorite stock, whether that is real estate like Bitcoin.
• 37:20
  This is what Sailor has been saying, Like Bitcoin is the
• 37:24
  superior asset, full stop. It's because of its physical
• 37:27
  characteristics. It's because of its absolute
• 37:30
  scarcity. This isn't even a debate
• 37:32
  anymore. So the fact that Schiff is even
• 37:35
  doing this, is he doing this for likes?
• 37:37
  Is he doing it for like engagement?
• 37:40
  Maybe? But anyways, I'll play you guys.
• 37:42
  The clip this is from. I want to give credit to maybe
• 37:48
  this. I think this is David David
• 37:50
  Linn's YouTube channel. So shout out to him.
• 37:55
  This is his work. We're going to play you a clip
• 37:57
  of Jack Mahler's debating Peter Schiff, and then we'll react to
• 38:01
  it. Let's check it out.
• 38:02
  Is that unfortunately it has to centralized.
• 38:05
  The problem is that gold can't achieve transaction finality
• 38:09
  without the help of a government or a central party.
• 38:11
  Meaning that when gold was operating in a local economy and
• 38:15
  you can exchange the physical coins with your direct
• 38:17
  counterpart for your butcher, your local tailor, your grocer,
• 38:20
  whoever you were exchanging with, gold was great.
• 38:24
  When the world needed to scale an economy and the velocity of
• 38:26
  money larger than your local economy, gold failed us.
• 38:30
  Gold failed us because gold is just a bare physical metal.
• 38:33
  It does not carry a monetary network.
• 38:35
  What's the gold network? The gold network are human
• 38:37
  beings. And when you're trying to
• 38:39
  transact in an economy of billions of people globally, you
• 38:42
  are reliant on central parties, banks, governments.
• 38:44
  And it was for that reason that gold failed.
• 38:47
  And it failed in a way that you can't operate a truly free
• 38:50
  market when the concentrated supply is with those that you
• 38:54
  have to trust. And so that's fundamentally what
• 38:56
  Bitcoin solved is that you are able to create a scarce bearer
• 39:01
  instrument and a network that can achieve finality in
• 39:04
  transactional settlement without the reliance on any government
• 39:08
  or party. So that I think is, is
• 39:11
  extremely, that's really the core issue of why gold's been
• 39:14
  demonetized since I think on the points of Bitcoin like needing
• 39:20
  more history and it's young. I mean, I think that sounds like
• 39:23
  a personal problem for you, Peter, like that.
• 39:26
  I think you need more evidence and that's you being slow to
• 39:29
  recognize reality, right? Like if you were to need the
• 39:31
  Internet to prove that e-mail is better than traditional mail,
• 39:35
  you would just be late to adopting better technology.
• 39:38
  That doesn't sound like that's not a point or a criticism
• 39:40
  against the properties that Bitcoin has.
• 39:42
  That's your own personal bias of how much proof that you need to
• 39:45
  adopt something that might be superior.
• 39:47
  So that is that's on on you. And the last thing I will say on
• 39:51
  bitcoins, volatility, you know, for the listeners, I really
• 39:53
  think it's an important fundamental point.
• 39:55
  Risk is not the same thing as volatility.
• 39:58
  Risk refers to the probability of a permanent loss of capital.
• 40:03
  Risk would be that the Bitcoin code or the Bitcoin network
• 40:06
  outright fails. You can make an argument that
• 40:08
  Bitcoin's actually the least risky asset ever because it's
• 40:11
  the only asset you can store in your head.
• 40:13
  Bitcoin is, however, extremely volatile and I would admit that,
• 40:16
  but that's that's a pro. Volatility is the frequency or
• 40:20
  like the magnitude of which the price fluctuates.
• 40:22
  And so Bitcoin, hold on, hold on.
• 40:24
  I'm almost done. I promise. 30 seconds.
• 40:26
  The the point here, David. Is that Bitcoin has to be
• 40:29
  volatile because the asset is inelastic, because the asset
• 40:34
  cannot. With more demand in Bitcoin, you
• 40:36
  cannot make more supply. More demand has to fundamentally
• 40:41
  be a higher price, whereas for all other commodities and all
• 40:43
  other assets with more supply, you can make more demand, which
• 40:46
  makes them less volatile, but also makes them, I mean, I just
• 40:49
  went over the returns and the data, which also makes the
• 40:52
  returns not nearly what we're seeing in Bitcoin.
• 40:54
  So Bitcoin volatility is baked into the system because it's a
• 40:57
  fixed asset. So as it becomes adopted as a
• 40:59
  money globally, volatility's implied.
• 41:02
  But volatility's also the only reason that Bitcoin's averaging
• 41:05
  100% year over year growth over the last decade and gold's at
• 41:08
  2%. So, and volatility's not risk
• 41:12
  because Bitcoin's volatile, it doesn't make it risky, it makes
• 41:14
  it an opportunity well. So first of all I I want to give
• 41:17
  a shout out to the original creator.
• 41:20
  The real problem with gold? Pause that David Lynn, this is
• 41:24
  if you guys want to check out the entire show, go take out, go
• 41:27
  check out David Lynn's a podcast or or YouTube channel.
• 41:32
  Great content creator and also awesome for putting together
• 41:35
  that debate. So I want to give credit where
• 41:36
  credit is due, but Jack Mahler's just completely like
• 41:41
  annihilating, you know, Peter Schiff, like coming with the
• 41:46
  facts to the point where Peter Schiff was like he started
• 41:49
  laughing at one point because he was like what?
• 41:51
  Like I don't even know what to say to this.
• 41:53
  And this is what we were talking about in terms of gold's
• 41:56
  physical characteristics enabled it for it to be Co opted.
• 42:01
  And this is the problem that Bitcoin fixes because you can
• 42:04
  send Bitcoin instantaneously to anyone anywhere around the
• 42:08
  world. It's even more scarce than gold.
• 42:12
  It allows a custody in a very efficient manner that actually
• 42:16
  benefits the individual over the over a third party.
• 42:22
  And if you connect this with the video that we played for you
• 42:27
  guys during the numbers segment, this is such a transformative
• 42:33
  technology that it is, I would say, and this is very
• 42:37
  controversial when I say this to Bitcoiners because Bitcoiners
• 42:40
  are like, no, Nico, leave politics out of this.
• 42:43
  But my response to that was my response to that is the
• 42:48
  separation of money and state by definition is political right.
• 42:53
  Like, that is political, right? What is the definition of
• 42:57
  politics? The definition of politics is
• 42:58
  the organization of power. And all of a sudden, now that
• 43:03
  you have the balance of power shifting from the state back to
• 43:08
  the individual, of course there's going to be a little bit
• 43:11
  of strife there. That's why you're seeing
• 43:14
  elements of the government. It's not monolithic, but
• 43:18
  elements of certain governments react in such a hostile manner
• 43:23
  towards Bitcoin because they see it as a fundamental threat.
• 43:27
  Just as the gentleman in the first video pointed out.
• 43:30
  He's like, he, he saw it. He he saw, he saw the writing on
• 43:33
  the wall. He's like, it's so instrumental
• 43:35
  to the state. Like I can't even comprehend a
• 43:38
  world where money and state aren't aren't, you know,
• 43:43
  connected because it changes everything.
• 43:45
  Like think about this for a second, right?
• 43:47
  It's specifically in the United States.
• 43:50
  If you live in Florida and if you live in California or you
• 43:54
  live in Florida and someone, it lives in North Dakota.
• 43:58
  I'm sure the people in North Dakota are dope and they're
• 44:00
  awesome, but what's keeping everyone together?
• 44:04
  Why can't Florida be its own thing, its own state?
• 44:08
  Why can't it just function its own?
• 44:11
  It's the dollar. What's keeping the federal
• 44:14
  government together? It's the dollar, right?
• 44:17
  So what happens if all of a sudden, five, 1015% of the
• 44:22
  population are no longer using the dollar because it's an
• 44:28
  inferior currency? What happens?
• 44:31
  Because to give the gold bugs credit where credit is due, they
• 44:36
  correctly identified the problem, but they didn't choose
• 44:42
  the right tool. And the right tool is Bitcoin.
• 44:45
  I mean, I think it was Hayek, that famous video of him going
• 44:49
  viral, right? Which is we need to find a
• 44:51
  clever roundabout way to get money out of the hands of
• 44:55
  government. And Satoshi found that clever
• 44:58
  roundabout way and it can only be achieved via
• 45:02
  decentralization. And this is where gold failed.
• 45:07
  It was Co opted because of its physical characteristics limited
• 45:11
  its ability for individuals on a massive scale to take self
• 45:16
  custody of it and also it limits them from them being able to
• 45:21
  transact with it in a global manner.
• 45:24
  So it it like it created the centralization in a way, and
• 45:27
  you're kind of seeing it with the Coinbase custody of all
• 45:32
  these ETFs. But still the vast majority of
• 45:36
  Bitcoin is still held by individuals, right?
• 45:39
  So yeah, will Bitcoin survive that final boss test?
• 45:44
  I think it will in my personal opinion, but that test is still
• 45:48
  yet to come. I think we're in the separation
• 45:51
  of information and state kind of battle right now.
• 45:54
  That's what you're seeing it on the Internet.
• 45:56
  You're seeing rumble get the platform to just got banned in
• 45:58
  Brazil and you're seeing a pressure on Elon and you're
• 46:02
  seeing the rise of nostril and what I think the battle next
• 46:07
  coming like it it it's you're seeing the first innings of it
• 46:10
  with Operation Choke .2 point O is the separation of money and
• 46:14
  state. And I in my personal opinion, I
• 46:16
  think that fight is going to be a lot nastier because as that
• 46:20
  guy pointed out in that first video, he's got it.
• 46:25
  He's got it himself. He's like it is so important.
• 46:28
  Like his eyes even popped out. He's like, it is so important.
• 46:31
  I would say, yeah, it is extremely important for how the
• 46:34
  government is run today in a very inefficient manner for them
• 46:39
  to retain their monopoly on money.
• 46:42
  But I don't I don't think they'll I don't think they
• 46:44
  really have a choice in this. I think, you know, Bitcoin is an
• 46:48
  idea more than anything. And I think as more and more
• 46:52
  people wake up to the fact that money can exist without
• 46:56
  inflation baked in, I think that's a one way door.
• 46:59
  You don't go back from that. That's my personal opinion.
• 47:02
  I'm going to pass it on to Carr. Carr, what are your what are
• 47:04
  your thoughts on Jack Mahler's Absolutely ballin?
• 47:09
  Yeah, Jack's a goat. I mean, he literally explained
• 47:12
  to Peter Schiff why Bitcoin works fundamentally for the rest
• 47:15
  of the world. Maybe it doesn't work for for
• 47:19
  Peter, but it does work for everybody else.
• 47:20
  I think you hit on a couple things there, Nico.
• 47:22
  I want to touch on. I think the CBDC is their way of
• 47:25
  keeping people still locked in because it's another it it you
• 47:28
  can obfuscate another layer on top of the already debase
• 47:31
  currency. So I think that's why they're so
• 47:34
  adamant about rolling through CBDCSI think another thing that
• 47:37
  you touched on too as well is about the decentralization
• 47:39
  aspects of it. I think the incentives over time
• 47:41
  will just prove that Bitcoin will win.
• 47:43
  And, and I think, yeah, I think it's definitely gonna get nasty.
• 47:46
  And I think they're definitely gonna start pulling more content
• 47:48
  to kind of kind of quiet down how you do the how you have a
• 47:54
  Bitcoin wallet, how you have a Lightning wallet, how you do
• 47:56
  these kind of things. But I do think over time, the
• 48:00
  incentives will just outweigh the need to want to have a
• 48:03
  CBBCI. Think if somebody came in
• 48:05
  tomorrow and said car, do you want Bitcoin or dollars?
• 48:07
  I would say Bitcoin. And I think over time that will
• 48:09
  just prove to be true for everybody.
• 48:10
  A. 100% I completely agree with that Opti.
• 48:14
  What's your take on all this, brother?
• 48:17
  Well, I am once again here saying, why do we listen to
• 48:21
  Peter Schiff? Why do we give him any air time?
• 48:23
  I am personally on the camp that Peter Schiff is just playing a
• 48:28
  role. It's his job to shield gold.
• 48:31
  It's his business to try to say that gold is, you know, the
• 48:36
  money of the future or whatever his recent narratives are.
• 48:39
  But Jack Mahler's, kudos to him for for actually taking on that
• 48:44
  debate and thoroughly destroying Peter Schiff.
• 48:46
  But again, and I think Peter Schiff sees the writing on the
• 48:48
  wall, it, it kind of reminds me of that one saying it's hard to
• 48:53
  convince a guy of the truth when it's his job to know the lie or
• 48:56
  whatever it is. You guys, you guys have heard it
• 48:58
  1000 times on this show. So this is what I see when I see
• 49:01
  Peter Schiff. It's like Schodenfrob.
• 49:03
  He's it's like literally or what's it?
• 49:06
  He's he, he's like he's live action role-playing WWF
• 49:11
  wrestling. Every time I see him talking
• 49:13
  about gold, you can tell that he, at least personally, it
• 49:17
  seems to me that he agrees with a lot of the stuff we say,
• 49:20
  especially when you consider that his I, I forget if it's his
• 49:24
  father or his grandfather, but he's come from a long line of
• 49:28
  libertarian thinkers. And so you'd have to venture to
• 49:32
  guess that he really does understand a lot of the stuff
• 49:35
  that US bitcoiners talk about. But it's his job to shield big
• 49:38
  or sorry, it's his job to shield gold.
• 49:40
  Hence why he always goes out and he parades himself for the
• 49:44
  boomers out there that want to hold something.
• 49:46
  And it's like, no, guys, trust me, gold is the money of the
• 49:49
  future and we're going to go back to a gold standard with
• 49:52
  that. Wait.
• 49:53
  Like completely ignoring the fact that personally, in my
• 49:56
  opinion, and maybe you guys can push, push back against this
• 49:59
  like gold failed as a monetary medium.
• 50:03
  Yes, it's still a store of value.
• 50:05
  Yes, it's still a hedge against dollar inflation, but it it's
• 50:09
  failed as money in the digital world.
• 50:12
  And This is why Bitcoin is a 10X improvement on gold is because
• 50:16
  it is a digital world. We live in a world that is never
• 50:19
  going to go back to a time that there is no Internet.
• 50:22
  Hence why we as Bitcoiners believe that there needs to be
• 50:25
  an Internet native money, which is Bitcoin.
• 50:28
  And as much as I personally do like gold, not so much as a
• 50:33
  monetary medium, but I just think it's pretty.
• 50:35
  And I I've joked before on the show that I can't wait till gold
• 50:38
  gets demonetized and I have a gaudy house full of.
• 50:40
  I like, I'm gonna keep saying this like I love gold, Like I
• 50:45
  have a gold. Chain, you know you.
• 50:47
  Know those like those gold? I have a silver one.
• 50:50
  You know, those like gold, those gold like those like gold bars,
• 50:55
  like they feel really good to hold in your hand like I'm not.
• 50:57
  Yeah, sure. I I agree with that.
• 50:59
  Like I love gold, like gold is dope, but.
• 51:02
  But can you? Can you send?
• 51:04
  That gold bar through the Internet.
• 51:06
  No, no, but this is what I'm trying to tell you is that like
• 51:08
  gold is dope. Like I'm not like gold is dope,
• 51:11
  but is it better than Bitcoin? No Would I rather hold Bitcoin?
• 51:14
  Absolutely. 1,000,000% every single time, But I'm not like
• 51:18
  it. It's still dope though.
• 51:19
  Like, it's still cool. I like, I like, I like the feet.
• 51:22
  I like holding it. Like what you said, Opti's gonna
• 51:25
  just gold out his entire house. And I saw the like gold, but
• 51:28
  it's not my money, you know? It's dope.
• 51:30
  I'm not shitting on it. And, and also I want to give a
• 51:32
  shout out to the gold bugs because like they did so much
• 51:36
  work and so much heavy lifting identifying all of these
• 51:40
  problems and it and it, and it just like it's a little bit
• 51:43
  tragic in a way that it's like they got everything right, but
• 51:47
  they just didn't have the right tool like they were before their
• 51:50
  time, you know, and it, it takes a lot of humility for you to
• 51:55
  double down on something for like 20-30 years and then all of
• 51:59
  a sudden something comes along which is the correct tool that
• 52:03
  you need to use in order to achieve the outcome that you
• 52:06
  wanted. But it's very hard.
• 52:08
  Like that's a, you know, I love who, who, I, I forget who
• 52:11
  originally says that, but Bitcoin is a humility test.
• 52:14
  Like it, it is a humility test and everyone gets Bitcoin at the
• 52:17
  price they deserve. So it, it's a little bit
• 52:19
  difficult. Like I, I, I, I, I empathize
• 52:21
  with it a little bit, but at the same time, like Peter, Peter
• 52:25
  Schiff, bro, like it's been 10 effing years, dude.
• 52:29
  Like it's been 10 years and you're just going to continue to
• 52:32
  get humbled, bro. Like, like just, it's OK to
• 52:36
  admit it. Like we, we will welcome you in,
• 52:39
  you know, but some people have big egos and it's very
• 52:42
  difficult. And yeah, and, and last two, two
• 52:44
  points last year very publicly, Peter Schiff got debanked and
• 52:52
  all of Bitcoiners were like, see, This is why you need
• 52:54
  Bitcoin. And one of the one of the big
• 52:57
  things that you constantly hear Peter Schiff say is no one's
• 53:01
  accepting Bitcoin because it's not money.
• 53:03
  Yet he literally accepts Bitcoin and shit coins on his website
• 53:08
  for gold. And it's just, there's just way
• 53:11
  too much hypocrisy coming out of Peter Schiff for me, obviously
• 53:15
  not to think that he understands what is going on, especially
• 53:17
  when we had the the theater art of him and his son kind of going
• 53:21
  back and forth on Twitter where he was pro Bitcoin.
• 53:23
  He's anti Bitcoin. And it it was, it's
• 53:25
  entertaining. But I'm convinced he understands
• 53:28
  Bitcoin. He probably holds some Bitcoin.
• 53:31
  It's just his job to show gold. And yeah, like, gold's pretty.
• 53:33
  I love it, but it's not my money.
• 53:35
  It's just not going to be the money of the future.
• 53:38
  And gold's just impractical in the digital world for most
• 53:42
  people. Yes, central banks are acquiring
• 53:44
  as much gold as possible, but the real game is acquiring as
• 53:47
  much Bitcoin as possible. And all of us young people are
• 53:50
  like, hey, have fun with your pretty rocks, boomer like.
• 53:53
  I got this. Digital currency called Bitcoin?
• 53:56
  It's better. 100% also shout out to ZAP dot stream.
• 54:01
  There's 140 of you guys watching watching us live.
• 54:05
  So shout out to you guys. That's that's pretty big for
• 54:09
  alternative platforms for us. So that's pretty huge.
• 54:12
  Damn, it's a shout out shout. Out to the 100 of you guys
• 54:17
  watching us on Rumble. Shout out to almost 300 of you
• 54:20
  guys watching us on YouTube, and shout out to the 951 of you guys
• 54:24
  watching us on Twitter. Make sure to smash that like
• 54:27
  button if you guys are enjoying the show.
• 54:29
  I'm quite surprised with ZAP dot stream man hitting out the gate.
• 54:34
  Strong Opti and I used to go over the moon breaking over on
• 54:38
  let's on a live show. We would freak the F out.
• 54:42
  The fact that we hit it the first day, Man that that that's
• 54:46
  awesome. So shout out to all you guys.
• 54:48
  Thank you so much for the support and thank you for
• 54:50
  bearing with us because I've been quietly working in the
• 54:53
  background trying to figure out all this stuff out.
• 54:56
  I'm super glad that we got it working today.
• 54:58
  And of course, we'll be back on Noster tomorrow as well.
• 55:02
  And hopefully what we're trying to do essentially is being able
• 55:05
  to upload the live shows natively on to like these
• 55:11
  platforms, but it's a little bit complicated.
• 55:13
  We're figuring it out. Bear with us for the moment,
• 55:16
  we're going to continue on ZAP dot stream.
• 55:18
  Anyways, guys, stay tuned because we still got the culture
• 55:21
  segment coming up. We're going to talk to car and
• 55:24
  we're going to talk about his baby Pleb Lab.
• 55:26
  What is Pleblab? What are they doing over there?
• 55:29
  And let's check it out. Here we go.
• 55:44
  Alright everybody, I do want to give a very special shout out to
• 55:46
  our sponsor, the Orange pull app.
• 55:49
  Stack friends who stack sats join the 12,233 bitcoiners that
• 55:54
  are currently on the application.
• 55:56
  To get started, all you got to do is check out the QR code on
• 56:00
  your screen or check the link in the video description or podcast
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  description and join the 12,233 Bitcoiners that are currently on
• 56:09
  the app. The Orange Pull app is your
• 56:12
  number one resource for Bitcoin only events.
• 56:14
  Also, if you're traveling, you're on the go.
• 56:16
  Perhaps you've lived in your city for a while.
• 56:18
  You don't know any Bitcoiners around you.
• 56:20
  You pull up the Orange Pull app and it will literally tell you
• 56:23
  geographically the Bitcoiners around you and it'll allow you
• 56:27
  to send them Adm directly. So you can build up the amount
• 56:31
  of Bitcoiners that you know those, you know those circular
• 56:34
  economies. That's what it's all about,
• 56:36
  building that Bitcoin community. It's also one of the best ways
• 56:39
  to reach me directly. Don't really answer random
• 56:42
  Twitter DMS these days or emails, but on the Orange Pull
• 56:45
  app, I make sure to get back to every single one of you guys
• 56:49
  every week or so. The messages are piling up.
• 56:52
  So forgive me, it takes me a while, but I will get back to
• 56:55
  you. Download the Orange Pull app
• 56:57
  today. Scan the QR code on your screen
• 56:59
  or check the link in the video description.
• 57:02
  Anyways, I'm so happy that we got car in the house today.
• 57:06
  He was pitching us on Austin earlier.
• 57:09
  I'm just going to reveal a little bit of a, you know, a
• 57:14
  little bit of a backroom talk, green room, green room talk.
• 57:19
  We're currently divided a little bit right now between Nashville
• 57:24
  and Austin. Let us know.
• 57:26
  I think you ought to get people a little more context here,
• 57:28
  Nico. OK, let's do it.
• 57:31
  OK. So guys, I guess breaking on the
• 57:35
  show, we do plan on eventually. No, no, don't.
• 57:38
  Don't, don't say that. Don't give that much detail, but
• 57:43
  give enough detail. Where should simply Bitcoin
• 57:47
  move? Right.
• 57:51
  Nashville or Austin? The Nashville or Austin and car
• 57:56
  was being really nice and now like I'm like, I'm in the
• 57:58
  Nashville camp. You know, I'm a member of
• 58:00
  Bitcoin park. I think I'm member 22 and car is
• 58:03
  making me feel really good about Austin now.
• 58:05
  And now I'm like, you know, Austin, the real estate's a
• 58:07
  little bit cheaper over there, but get bigger house, you know,
• 58:10
  maybe maybe go over there. So kind of on the fence.
• 58:14
  Let us know down in the comments.
• 58:15
  Actually, Opti, let's set up a YouTube poll right now.
• 58:18
  While we talk about that, where should simply Bitcoin move?
• 58:23
  We're going to set up the the poll on YouTube right now and on
• 58:27
  Rumble and Noster and Twitter. Just put it in the chat and
• 58:30
  we'll see it in the chat box. And then I'm just I'm just
• 58:34
  curious to to hear what everyone has to say.
• 58:35
  Everyone is saying Austin, Austin, Austin Nashville,
• 58:38
  Austin. Austin is unquestionably the
• 58:41
  Bitcoin capital of the world. The way that I see it is Austin
• 58:44
  is the Bitcoin energy capital of the world.
• 58:47
  Nashville's the Bitcoin media capital of the world.
• 58:49
  That's the way I'm seeing it. I might be wrong there, but
• 58:53
  everyone's saying Nashville, Austin, Phil, see your comment,
• 58:58
  bro Savage. No, it doesn't matter.
• 59:00
  Dude. There, there's Bro I, I don't
• 59:02
  know. Green Bay, All right.
• 59:04
  All. Right.
• 59:06
  Anyways, anyways, what what what what what?
• 59:08
  Do you access? Anyway, let's get to it.
• 59:10
  I'm going to pass it on to Opti. Yeah, car.
• 59:12
  Let's again, for now that everyone's piled in, we have a
• 59:16
  bunch of people watching the show live.
• 59:19
  Let's rehash TLDR Elevator Pit to what is Pleblab, what is the
• 59:23
  goal, and then we'll talk about some of the cool stuff.
• 59:25
  You no, wait, wait, wait a second.
• 59:26
  Hold on a second. Is this real?
• 59:27
  There's 220 people watching. I have no idea.
• 59:30
  It's crazy. That's nuts.
• 59:33
  OK, anyway, sorry to interrupt. OK, alright, Carl, again, what
• 59:38
  is Pleblab? What are you working on down
• 59:40
  there and what's the goal? And then I I do have your
• 59:42
  website up here so we can talk about some of the projects that
• 59:45
  came out. But first, let's do a TLDR
• 59:47
  elevator pitch on Pleblab. Yeah.
• 59:48
  So we've been around since 2021. It's interesting that you guys
• 59:51
  bring up nostril. We had a super test net back in
• 59:53
  the day working on some nostril stuff in late 21.
• 59:57
  So a lot of what you see like that'll be coming out in a year
• 1:00:00
  or two usually starts in around Pleblab, you know, by osmosis.
• 1:00:06
  We have a lot of builders right now in the lab.
• 1:00:08
  So we're at hackerspace here in Austin, TX here in the financial
• 1:00:11
  district, just like 2 blocks away from the Bitcoin Commons.
• 1:00:14
  A lot of people are working on the the cutting edge of like
• 1:00:16
  Bitcoin stuff. So we have projects like
• 1:00:18
  Cascader who are working on AI, Bitcoin adjacent technology
• 1:00:22
  stuff. We have a jippy who's working on
• 1:00:23
  like a new gamification type of Bitcoin education app.
• 1:00:26
  We have a pleb devs down there who's working on re
• 1:00:29
  reintroducing a way to give devs they need the need that they
• 1:00:32
  need to build on Bitcoin. We have base 58, which is Nifty
• 1:00:35
  9 and she's working on all sorts of core protocol, lightning and
• 1:00:38
  Bitcoin stuff. We have Keon Stacker news he's
• 1:00:41
  working on creating the next Reddit using Lightning.
• 1:00:43
  And then we have people like Topher and and Nick who are, are
• 1:00:46
  just magnificent engineers in their own right, building on
• 1:00:49
  Bitcoin. So that's what we do here.
• 1:00:51
  We, we, we do our best to kind of shield these builders away
• 1:00:55
  from a lot of the Fiat stuff that we see in, in our, in our
• 1:00:59
  world. And, and I do my best to try to
• 1:01:01
  find new builders and bring them to club labs to so that they can
• 1:01:05
  work with them and, and really get their projects to success.
• 1:01:09
  That's. Love it, man.
• 1:01:10
  Love it. Yeah, I was there in hip lock.
• 1:01:14
  Boom. I think you guys threw like a
• 1:01:16
  after party and I showed up and I was like, oh this is super
• 1:01:18
  cool. But anyways, anyways, can people
• 1:01:22
  like what's the process of people joining Pleblab?
• 1:01:25
  I know you guys have a space. You guys work on hackathons.
• 1:01:28
  Actually a lot of really great projects have came out of
• 1:01:31
  Pleblab, so that's just super awesome to see.
• 1:01:33
  But what's the process? Can anyone show up?
• 1:01:35
  Like how? How does someone become a part
• 1:01:37
  of Pleblab? Yeah, I mean, we could use all
• 1:01:39
  the support and I, I appreciate you, Nico and Opti for giving me
• 1:01:42
  the opportunity to come on the show and talk about it 'cause
• 1:01:44
  it's very hard to get our name out there.
• 1:01:46
  We're, we're really hardcore Bitcoin ethos here at in Austin.
• 1:01:51
  And so if you scroll to the bottom Opti, there's a spot down
• 1:01:54
  there where they can join with the online builder pass.
• 1:01:56
  That $200 a month helps us a lot, keeps the lights on.
• 1:02:00
  We, we also have that other button right there.
• 1:02:02
  It's the $400.00 a month. That's what we charge for our
• 1:02:04
  desk here and you can apply there.
• 1:02:06
  We used to have it open to everybody, but now we kind of
• 1:02:09
  have like a, a vetting thing that kind of goes through
• 1:02:11
  everybody making sure that it all passes the smell test and
• 1:02:14
  stuff like that. But for the most part, if you
• 1:02:16
  just want to drop in any time, get that start, get that builder
• 1:02:19
  pass, you can join our, you can join our chat and then you get
• 1:02:22
  access to the lab. That one's been selling pretty
• 1:02:24
  good this this cycle. So that's the one that we've
• 1:02:28
  been pushing. But yeah, that's that's pretty
• 1:02:30
  much the process to it. Let's go.
• 1:02:32
  Awesome bro. Okay, let's talk about some of
• 1:02:34
  these hackathons. You were telling me you have a
• 1:02:36
  few hackathons in the books and actually let's just talk about
• 1:02:40
  the ethos of an everyday hackathon that you guys have at
• 1:02:44
  Pleb Lab. So maybe start with the ethos
• 1:02:46
  and then we can talk about the couple events that you are about
• 1:02:50
  to put on for different hackathons regarding or relating
• 1:02:53
  to Pleb Lab. Yeah, so we're, we're really
• 1:02:56
  engrossed in the Bitcoin builder community here at Pub Lab.
• 1:02:59
  So a lot of people will come here, whether it's like a core
• 1:03:02
  lightning team or you know, anybody that nifty neigh brings
• 1:03:05
  in to, you know, work on some of this protocol stuff.
• 1:03:09
  We open our doors to people outside of that too as well,
• 1:03:11
  whether they're building on lightning and they're visiting
• 1:03:13
  from like Japan or from other countries.
• 1:03:15
  And we allow them to come in here and work on their projects.
• 1:03:19
  And so there's always a sort of hacking or sort of like a hive
• 1:03:23
  mind effect of building going on here in the lab and we just do
• 1:03:26
  our best, but just to be good stewards of that and encourage
• 1:03:29
  them and give them all the the things that they need, right?
• 1:03:32
  Like you'd be surprised, just like a good pat on the back or
• 1:03:36
  keep going. And you know, some Topo Chico's
• 1:03:38
  like goes a long way. It it's really is that kind of
• 1:03:41
  grind because a lot of what they do in the ecosystem, it goes
• 1:03:45
  very thin. It doesn't they don't really get
• 1:03:46
  awards or anything like that. There's no kind of like money
• 1:03:50
  doing it. They're really doing it for the
• 1:03:51
  for the Bitcoin ethos and they're doing it to to really
• 1:03:54
  decentralize the world using Bitcoin.
• 1:03:56
  And, and that's what I really love about the people that I
• 1:03:58
  work around. Love it man Yeah, that's that's
• 1:04:01
  great to hear. I mean, we we've been doing our
• 1:04:04
  best to try to get as many developers on the show because
• 1:04:07
  you guys, the devs out there, the ones actually building stuff
• 1:04:10
  are the unsung heroes. And it doesn't have the glory of
• 1:04:14
  maybe being, you know, a well paid miner or a, a talking head
• 1:04:18
  influencer, but you guys are the the one actually building stuff.
• 1:04:21
  And I'm always like, the builders are the ones that
• 1:04:23
  really matter. Nico and I just talk about
• 1:04:26
  Bitcoin stuff. I'm always more impressed by
• 1:04:29
  people building cool stuff because that's what we really
• 1:04:31
  need is people building out the the tools that we need to
• 1:04:35
  actually usher in the, the Bitcoin world that we want to
• 1:04:39
  see. And so kudos to you and everyone
• 1:04:41
  else. But let's talk about some of
• 1:04:42
  these hackathons because you're telling me you're going to have
• 1:04:44
  a start up day. You have a hackathon coming on
• 1:04:47
  up soon. So let's talk about those
• 1:04:49
  details. Yeah.
• 1:04:50
  So if you scroll at the very top, there's a start up date
• 1:04:52
  button at the very top. We're going to be in Mexico City
• 1:04:55
  next week. There'll be some new projects
• 1:04:57
  coming out of there, some on Noster, some on Bitcoin, some on
• 1:05:01
  Lightning. If you scroll a little down Opti
• 1:05:04
  there, it shows all the people that are coming.
• 1:05:07
  But yeah, we're going to have presentations, talks.
• 1:05:10
  Johnny Ochoa, who's a local chef here in town will be there.
• 1:05:13
  We'll be doing some, you know, some a keynote from Francisco
• 1:05:16
  who who's doing a Bitcoin only exchange in Mexico and Latin
• 1:05:19
  America. So it's going to be a ton of
• 1:05:21
  fun. Highly recommend if anybody's in
• 1:05:24
  the area or even if you're just like in South Texas, just take
• 1:05:26
  the two hour flight and get down there.
• 1:05:28
  This is going to be the first time there there ever is like
• 1:05:31
  this big Bitcoin builder event in in Mexico.
• 1:05:35
  So this is big for them. Not not too many Bitcoiners ever
• 1:05:38
  come down there, but we're hoping that we can just start a
• 1:05:41
  trend. That's dope bro.
• 1:05:43
  Yeah. And then we have we have tab
• 1:05:45
  comp. So tab comp is happening in
• 1:05:47
  Atlanta in October. We're we'll be doing a hackathon
• 1:05:51
  there with our friends at Zebedee.
• 1:05:53
  So Andre and Santos and crew will be, you know, have some
• 1:05:56
  prizes there and people will be able to build and hack and and
• 1:05:59
  do all those sorts of things. But the other thing I wanted to
• 1:06:02
  bring up was the pleb TV stuff. I don't know if we can talk
• 1:06:04
  about that. Yeah, yeah, I got it here.
• 1:06:06
  I'll pull it up right here. So this one, we're still in
• 1:06:09
  beta, like it's still early. So we're we're we're doing this
• 1:06:12
  kind of you kind of have to sign up because we're still testing a
• 1:06:14
  lot of things. But what I will say about this
• 1:06:17
  is we're trying to figure out a way to decentralize the kind of
• 1:06:22
  video situation that we find ourselves in as, as creators.
• 1:06:26
  So I know you guys have received a sort of a block or removal
• 1:06:30
  from YouTube from time to time. And we're trying to get around
• 1:06:33
  that. I, I think they're, they were
• 1:06:35
  coming into this kind of place where everything's centralizing
• 1:06:37
  and they're locking the gates behind us.
• 1:06:39
  And so with the with the advent of like AI and some of these
• 1:06:43
  other centralized entities that they kind of grow and spawn from
• 1:06:46
  this, I think what we're gonna start seeing is a little bit
• 1:06:49
  more of a gatekeeping and a little bit more of a censorship.
• 1:06:53
  And that's just why like protocols like Nasser are so
• 1:06:56
  important and Bitcoin is because with these two independent
• 1:06:59
  tools, we'll be able to, you know, directly incentivize
• 1:07:04
  content creators to come to our, to our side, basically the, the,
• 1:07:08
  the, the, the right side of history.
• 1:07:10
  And so right now pub TV still is early days, but our hope to get
• 1:07:14
  to, to do is to get it to a point to where the average
• 1:07:17
  person who's, you know, uploading to Rumble or X or, or
• 1:07:22
  Twitter or whatever, or YouTube will automatically get a pub TV
• 1:07:26
  account. And then from there, they'll be
• 1:07:27
  able to earn Bitcoin doing it. So we want to make it as
• 1:07:30
  frictionless as possible. It's a really high bar, but we
• 1:07:32
  think that we can get there over time.
• 1:07:34
  And, and right now we're kind of closely building towards that.
• 1:07:37
  Right now we have a, we have like 258 titles on there and
• 1:07:39
  stuff like that. And we're testing on the, on the
• 1:07:41
  Prism side where you can send splits amongst people.
• 1:07:44
  So we're still testing all that stuff.
• 1:07:45
  And then hopefully early next year, we'll be able to
• 1:07:47
  decentralize a lot of that video onto onto alternative server
• 1:07:52
  servers, you know, all over the world.
• 1:07:55
  That's tight. That's awesome.
• 1:07:57
  And and I think that's incredibly important.
• 1:07:59
  We just went through our first kind of deplatforming thing,
• 1:08:02
  which I think was inevitable. So it just like that was a very
• 1:08:07
  big wake up call to me personally as someone who runs a
• 1:08:12
  Bitcoin media company, because I was like, holy shit.
• 1:08:15
  And I, I remember I called in so many favours that that week I
• 1:08:22
  went crazy on Twitter. We got published in Forbes, Zero
• 1:08:25
  Hedge. I made so many calls and at one
• 1:08:29
  point I even I tagged Jack on, on Noster.
• 1:08:33
  I said, Jack, do you know anyone on YouTube?
• 1:08:35
  Could you help out? And he just, he was just
• 1:08:37
  probably like, no. And then what I didn't realize
• 1:08:40
  is that he no, no, he was like, he was like nice about it.
• 1:08:43
  He's like, no, I said, whatever. But what I didn't realize is
• 1:08:47
  that he just had a talk with Odell in in Riga at like a
• 1:08:53
  Noster conference talking about the importance of protocols over
• 1:08:58
  social media. And I'm asking for help for a
• 1:09:01
  centralized platform. And I'm like, and I'm like, OK,
• 1:09:04
  that was a wake up call. So then I started going down the
• 1:09:07
  rabbit hole and I and I do want to give credit where credit is
• 1:09:10
  due. So a shout out to lightning
• 1:09:12
  goats. I'm sorry if I pronounced this
• 1:09:15
  incorrectly. Keyron Darth Coin for really
• 1:09:21
  helping me, Walter America for helping me as well.
• 1:09:24
  And the CEO of Primal as well. I am a butcher that how do you
• 1:09:31
  pronounce his name? You know what I'm talking about,
• 1:09:33
  car. Yeah, his.
• 1:09:34
  I forget his name. It's so weird.
• 1:09:38
  Mahjan Mahjan, shout out to him as well.
• 1:09:40
  He helped out tremendously. So I make media guys.
• 1:09:44
  I'm not a tech guy, but I was able to figure it out.
• 1:09:47
  It reminds me of the first days of me getting into Bitcoin and
• 1:09:51
  learning about self custody and going down like that rabbit hole
• 1:09:54
  because I understand things on a conceptual basis very well.
• 1:09:57
  On technical levels, I don't, but you really just need to
• 1:10:00
  understand things conceptually and just going down the nostril
• 1:10:04
  rabbit hole reminds me of the first days of me going down the
• 1:10:08
  Bitcoin rabbit hole. Like there is so much
• 1:10:10
  opportunity here and what you guys are building over at pleb
• 1:10:13
  lab, pleb TV, further the centralization.
• 1:10:16
  I think it's this is so important, like this is so
• 1:10:20
  important because what I was talking about earlier, the
• 1:10:24
  moment in history that we're in right now, where we're like in
• 1:10:27
  the thick of the disintermediation of information
• 1:10:31
  in the state, right? And you see them fighting back
• 1:10:34
  like Rumble getting banned in Brazil, Rumble getting banned in
• 1:10:37
  France, the CEO fleeing the fleeing Europe, the Telegram CEO
• 1:10:41
  getting arrested, RFK junior giving historic speech, simply
• 1:10:45
  Bitcoin being the platform. Like, I love that we, we have
• 1:10:48
  some type of, you know, we're small compared to all these
• 1:10:51
  entities and people, but you know, I'm, I'm glad that like
• 1:10:54
  in, in the historical context, we're somewhat in there and.
• 1:10:57
  Distributive information, Nico. And it's it's so so it's it's
• 1:11:05
  like, you know, it's it's just crazy seeing all this.
• 1:11:07
  And I can't believe this guy's 221 that we topped out at 221
• 1:11:13
  live viewers on ZAP dot stream the first day that we streamed
• 1:11:18
  to Noster via ZAP dot stream like incredible.
• 1:11:21
  Blows my mind. So shout out to all the
• 1:11:24
  alternative platforms, Noster ZAP dot stream, Rumble X.
• 1:11:29
  Of course, we love YouTube, but you know, there's things on
• 1:11:33
  YouTube that that are not exactly YouTube friendly.
• 1:11:36
  We respect that it's a platform. They can make the rules, but and
• 1:11:41
  we're grateful for them for having us.
• 1:11:42
  But but yeah, these alternative platforms, man, alternative
• 1:11:46
  platforms and protocols. I am I'm very optimistic about
• 1:11:50
  so we don't have to put all our eggs in one basket.
• 1:11:52
  And you know, this is something like pleb TVI don't understand.
• 1:11:57
  I don't understand how it works exactly Carr, but is this
• 1:11:59
  something that we could post simply Bitcoin videos to or?
• 1:12:04
  ITMP stream. Yeah, forgive me for my
• 1:12:07
  ignorance or stupid questions. Like I said, I'm a media guy,
• 1:12:10
  not a tech guy. No, no, no.
• 1:12:12
  I think what you said earlier about about the information, I
• 1:12:16
  think that's the that's the part that they want to stop you from
• 1:12:19
  from sharing Nico. So you're doing the Lords work
• 1:12:22
  there. So just keep doing that.
• 1:12:23
  But I think for the builder side, we need to make it easier
• 1:12:25
  for you, the content creator to not have to think about this
• 1:12:28
  stuff, right? Like when it comes to lightning,
• 1:12:30
  like you don't have to think about a lot of the things when
• 1:12:32
  you're using lightning, you just send a payment.
• 1:12:34
  Same thing with Bitcoin. So on our side, we need to get
• 1:12:36
  better at reducing that friction, those pain points.
• 1:12:39
  And I think like you said earlier, you got into the
• 1:12:41
  nostril thing and you found ZAP dot Stream.
• 1:12:42
  I think ZAP dot stream is the best platform to start with
• 1:12:45
  right now. I think over time we'll we'll
• 1:12:47
  start unlocking some of the gates on our stuff because it's
• 1:12:49
  still early. We were just trying to do a lot
• 1:12:51
  of test stuff, but over time what will happen is you'll be
• 1:12:54
  able to post just to YouTube and it'll automatically go to club
• 1:12:57
  TV and you'll be earning zaps here and you won't have to
• 1:12:59
  change anything. And that's where we really need
• 1:13:01
  to get it to. It's going to take a lot of
• 1:13:02
  time, but yeah, we have a lot of people focused on trying to get
• 1:13:05
  that across the goal line, hopefully before the end of next
• 1:13:08
  year. Yeah, I'm, I'm incredibly
• 1:13:10
  excited, man. It's it's really awesome what
• 1:13:12
  you're building. And and you did mention like how
• 1:13:15
  can people support what you guys are doing?
• 1:13:17
  How could people support Club Line?
• 1:13:20
  Yeah, I think just getting a builder pass supports us.
• 1:13:22
  I mean, we can get, we can get like 100 of those that'll keep
• 1:13:27
  the lights on indefinitely. But yeah, I think just
• 1:13:30
  supporting the lab anyway, can $0.20 goes a long way, $0.21
• 1:13:34
  right now. We just ordered some more food
• 1:13:36
  for the lab. So that's like 100 bucks.
• 1:13:38
  Like the, the little small things help.
• 1:13:40
  I mean, cause a lot of what we do here is just very grassroots
• 1:13:43
  and everybody's working for free.
• 1:13:45
  As you know, in Bitcoin. There's just a lot of
• 1:13:47
  volunteers. So we're doing our best to to
• 1:13:50
  take care of the builders and then kind of hold that line, you
• 1:13:53
  know, so that way they can build in privacy and, and keep
• 1:13:55
  building the the, the tools that we need for a lot of us to
• 1:13:58
  survive this next few years. Man, it's going to be tough,
• 1:14:03
  yeah. It, it, it is going to be tough.
• 1:14:05
  I, I think you see them fighting so bad, so, so hard on the
• 1:14:09
  information stuff. The I am like what I'm seeing
• 1:14:15
  with the with the money. Like if you're seeing them fight
• 1:14:19
  this hard on information like wait till we like wait till the
• 1:14:23
  money thing starts to be threatened.
• 1:14:25
  Like you saw that like Kenzian state economist, he's like
• 1:14:28
  freaking out. He's like, it's so important.
• 1:14:30
  Like, no, it's impossible. We get to decide what the fuck
• 1:14:33
  money is. Like you saw him freaking out.
• 1:14:36
  But like bitcoins are forcing function.
• 1:14:38
  You can't like the your return on violence does not work when
• 1:14:46
  something is decentralized. And most importantly, I think
• 1:14:49
  that people, I'm going to say a couple things that are
• 1:14:52
  controversial #1 Bitcoin is an idea, OK?
• 1:14:56
  It's an idea. It's an idea that we can have a,
• 1:15:01
  a non state money that can function and it's actually
• 1:15:05
  better than state money, OK? I refuse to go back to that
• 1:15:10
  previous system. There's a lot more people like
• 1:15:13
  me and are on, and the amount of people that think like me
• 1:15:17
  continues to grow by the day, right?
• 1:15:19
  That's number one. Number two, and this is going to
• 1:15:22
  be very controversial, but I'm sticking to it.
• 1:15:24
  Bitcoin is the most powerful political movement the world has
• 1:15:27
  ever seen since the introduction of Marxism in the mid 19th
• 1:15:31
  century. I'm sticking to it.
• 1:15:34
  I'm doubling down on it. And the reason for that is
• 1:15:37
  inherently the separation of money and state is political.
• 1:15:41
  And when people think about politics, what they're
• 1:15:45
  referencing in their minds is, you know, the voting and left
• 1:15:50
  versus right and all that stuff. And this.
• 1:15:52
  No, no, no, this is a step above that because it doesn't require
• 1:15:56
  voting in the traditional sense. It requires voting with your
• 1:15:59
  wallet. And if a significant, if a big
• 1:16:03
  enough percentage of the population opts out of state
• 1:16:07
  money, you're going to effectuate change the likes of
• 1:16:12
  which the world has never seen before.
• 1:16:15
  And I think it's going to bring an era of human prosperity and
• 1:16:21
  freedom we have never seen in world history because the state
• 1:16:25
  has always had some type of control, right?
• 1:16:29
  So anyways, I want to, I, I kind of want to just say those
• 1:16:32
  things, whether you guys believe it or not.
• 1:16:34
  Let us know down in the comments.
• 1:16:36
  I want before we wrap it up, I want to see what the results of
• 1:16:38
  the poll are. Opti.
• 1:16:39
  Wait, wait, wait, wait, let's let's give car last last two.
• 1:16:42
  No, no, we're we're gonna we're gonna give four last two stats.
• 1:16:45
  I just want. To OK, so over here on YouTube,
• 1:16:48
  we have a statistically relevant poll of 71 votes and 51% says
• 1:16:55
  Nashville, 49% says Austin. So Jesus, it's pretty close.
• 1:17:00
  It's pretty close. Wow, that is very close dude.
• 1:17:04
  Holy cow. Okay anyways guys we are getting
• 1:17:07
  to the top of the hour. I do want to give the man of the
• 1:17:11
  hour car, the founder of Pleb Labs, the last words car.
• 1:17:15
  What are your thoughts? I think you should come to
• 1:17:17
  Austin. We have a circular by KNC
• 1:17:21
  cattle. We have we have now we have
• 1:17:23
  dairy, so you can get dairy delivered.
• 1:17:25
  We have builders around here. So if you need anything built,
• 1:17:28
  Technical Support, we got that. We have places around town that
• 1:17:33
  you can buy groceries with stuff like that.
• 1:17:35
  We also have meetups all over the place happening all over S
• 1:17:39
  San Antonio and in Round Rock. So yeah, you should come to
• 1:17:42
  Texas. And plus, we're we're a freedom
• 1:17:44
  state. And plus Ben, the car man's in
• 1:17:47
  Austin, so of course, I'm leaning towards Austin.
• 1:17:52
  Dude, I am, I am this is this blows my mic. 221 live viewers
• 1:17:59
  top viewers all time high on ZAP dot stream incredible rumble
• 1:18:05
  topped out like 120. YouTube topped out roughly 300.
• 1:18:09
  Then of course, X topped out maybe like close to 1000.
• 1:18:13
  But this is this is we're going to keep doing this guys.
• 1:18:16
  But yes, Austin or Nashville car.
• 1:18:19
  I man, I'm I'm so I'm so divided.
• 1:18:22
  I'm so conflicted. We we haven't made a decision,
• 1:18:26
  we're going to talk about it, but I appreciate the warm invite
• 1:18:28
  and we're definitely going to stop by the club lab while we're
• 1:18:31
  there and perhaps maybe do a, a live show from there.
• 1:18:34
  Yeah, dude, absolutely. I would.
• 1:18:36
  I would say also we have Marty here.
• 1:18:38
  So if you go to Nashville, you'll just have Odell and this
• 1:18:42
  way you have Marty and Parker and everybody over here in
• 1:18:44
  Austin. Yeah, I think you should come to
• 1:18:47
  Austin. Appreciate it.
• 1:18:49
  Well dude, thank you so much for coming on the show today guys.
• 1:18:52
  Go check out our guests. We have car in the house.
• 1:18:55
  Go check out his website, pleb lab dot DF.
• 1:18:59
  I'm your host Nico's my Co host Optimus Fields.
• 1:19:02
  We're simply Bitcoin live. This was your episode for
• 1:19:05
  September 10th, 2024. If you guys enjoyed the show,
• 1:19:08
  make sure to smash the like button.
• 1:19:09
  Consider subscribing or following us, and we'll see you
• 1:19:12
  tomorrow for a brand new episode of simply Bitcoin live and
• 1:19:15
  tonight Opie and I are going to be reacting to the debate on
• 1:19:19
  Rumble X and ZAP dot stream baby, we'll be back.
• 1:19:23
  All right, everybody take care. You buy bitcoinwell.com, a
• 1:19:29
  Bitcoin only platform, on a mission to enable financial
• 1:19:32
  independence.