Latest / Simply Bitcoin / Why Michael Saylor Believes Bitcoin Will 100x | EP 985

Transcript

Why Michael Saylor Believes Bitcoin Will 100x | EP 985 · Simply Bitcoin

• 0:02
  It's. All going to zero against
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  Bitcoin. It's going on forever.
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  You're against Bitcoin. You're against freedom.
• 0:22
  Yeah, we're going to send to Bitcoin.
• 0:24
  You're number one source for the peaceful Bitcoin revolution.
• 0:26
  Breaking news called traumatic warfare.
• 0:27
  We will be your guide through the separation of money and
• 0:30
  state. Ladies and gentlemen, welcome to
• 0:31
  Simply Bitcoin. The most watched daily Bitcoin
• 0:33
  live show on YouTube. Rumble, Annex.
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  Sit back. Relax, enjoy the ride.
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  We have a lot to talk about today.
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  Michael Saylor dropping the hot fire at the Bitcoin for
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  Corporations conference. He said the choir part out loud.
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  He said, like, look, the reason that he believes that Bitcoin's
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  going to 100 X over the next 10 years is because a lot of people
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  are just not awakened to it yet. And he's basically making the
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  case that, look, you know, once, once everyone sees it, once
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  everyone's on a Bitcoin standard, he believes that, you
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  know, the opportunity isn't there as much as it used to be,
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  right. So I think that's a really good
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  point from Sailor. We have the clip for you guys.
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  We're going to play it for you. And then there was this viral
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  clip going around the Internet about all these college
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  graduates basically booing Bitcoin.
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  And I I kind of, I find it a little bit funny, 'cause you can
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  bet like a big portion of the people in that audience, in that
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  graduation audience is like hundreds of thousands of dollars
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  in debt. And you know, again, like, of
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  course that's a decision. You know, some people want to go
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  to college, some people don't want to go to college.
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  But you know, I just, I just kind of find it funny that you
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  know, they're totally open to, you know, going into debt, you
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  know, to to potentially further the career.
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  Potentially not. But they're so, you know,
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  completely against Bitcoin, which, you know, I find it, I
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  find it funny. I find it hilarious.
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  So I'm gonna play it for you guys.
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  The community reacted to it in a certain way, which I think is
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  interesting. And also the other concept that
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  you guys know, we love to talk about on simply Bitcoin, which
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  is of course the separation of money in state.
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  We have like little examples of what the sovereign individual
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  predicted back in 1997 in terms of Canada imposing an exit tax.
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  Of course, Rodger Ver was arrested in Spain for, you know,
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  not paying his taxes even though he gave up his citizenship.
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  So we're starting to see inklings of that.
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  And I think, you know, what we always say on the show is that
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  Bitcoin exposes incentives. And I think that you start to
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  question the very relationship between you and the state.
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  Like, isn't it a little bit crazy that, you know, the state
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  forces you to pay, you know, a percentage of your net worth if
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  you want to leave, if you want to give up your city, it's it's
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  almost as if they're holding you hostage.
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  Like, you know, of course, that's my opinion, but it starts
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  to seem like that. And I think as things start to
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  accelerate, I think as as more and more people start to opt
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  out, I think, you know, I I think things will will get even.
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  I think things will get more interesting.
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  And this is where, you know, truly decentralized technology
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  comes into play. This is where Bitcoin comes into
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  play. This is where Noster comes into
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  play. This is where sovereign
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  computing come into play. Right, 'cause again, you know,
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  they can definitely Co opt intermediaries, they can
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  definitely Co opt someone else's computer.
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  But it's a lot more difficult for them to, you know, go after
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  millions upon millions of individuals holding their own
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  private keys, millions upon millions of individuals running
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  their own computing computing devices and having peer-to-peer
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  communications in that way, right?
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  Becomes a very, very difficult right to, you know, to enforce
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  certain things. And I think the whole control
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  structure was based on the fact that they thought that there was
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  always going to be a handful of intermediaries that they can Co
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  opt and they can basically use as you know an arm of law
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  enforcement. And I think things are are
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  starting to change. So anyways we're going to have
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  all that for you guys today. And also we have a very special
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  guest and I consider him a friend at this point.
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  We have the CEO and Founder of SIGN Matt, how you doing?
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  Welcome to the show. Hey, thanks for having me back
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  on. What's up, Nico?
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  And I just want to give a shout out to the absolutely flaming
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  bowl in the back of Matt's background.
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  Matt, you you want to talk a little bit about that cause
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  unfortunately like Matt hanged it up before we went on air.
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  But it was perfect in the sense that now it's, it's an epic
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  background. So Matt, what's up with that
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  bull, bro? Every time I do something,
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  there's just this plain white background and people always
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  give me crap about it. And you know what I mean?
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  Like, I don't have like, books in the background or anything
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  fancy. And so I picked this up at
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  Bitlock Boom 2023, so, you know, a year ago, and this is in the,
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  you know, in the depths of the bear market and the bull market
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  was supposed to begin when I hung that that least was the
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  promise that I had received when I bid on this at the auction is
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  that whoever got this would trigger the bull market.
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  When they hung it. And I never hung it, it's been
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  sitting in my basement and and the bull market got started
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  without me. And so, you know, I called
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  bullshit on the voodoo that this was supposed to cause.
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  But we've stalled, right? We've we've sort of got hung up
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  and now people are even questioning whether it whether
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  it goes flat or goes down. So I figured it was time.
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  So I'm using this show as an opportunity to officially launch
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  the beginning of the bull market.
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  That's that's right. Ladies and gentlemen, you heard
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  it here first. The bull market may commence now
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  that Matt has hanged the flaming bull in the background.
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  I also want to bring up my legendary code who is always
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  optimistic. Look at that giant smile
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  optimist field. How you doing Opti?
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  I'm doing great, man. It's good to have you back,
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  Nico. And man, life's life's always
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  good on a Bitcoin standard and shouts out to Matt 'cause he's
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  officially starting the bull run again.
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  So you guys heard it here first. It's going to start pumping.
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  Absolutely love to hear it. I believe it.
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  I believe it's going to be a great show.
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  And during the culture segment, guys, we're going to talk about
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  sovereign computing, which I hope a little bit of you guys
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  got some hints of in in the opening monologue about the
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  importance of that in the next 5 to 10 years.
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  I think you know and and it's interesting because I've been
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  experimenting with a lot of the applications that are on start 9
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  by the way, highly recommend it. Not only is it a Bitcoin node,
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  it's a sovereign computer. Most people buy it for the the
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  the Bitcoin node is the Trojan horse.
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  But once you get in, you start to play with it.
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  So I've been playing with a lot of the applications.
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  Matt, like Nextcloud I believe is one of them.
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  There's a vault, Warden is another one.
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  So and it's it's credibly awesome because you can access
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  basically your computer from anywhere around the world via
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  Tor. And it's not only.
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  And I've been also using the mempool space locally instead
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  of, you know, going to the URL, which of course docs as your IP
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  address. So I've been using all these
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  applications and just kind of experimenting with the device
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  and it's just been so incredibly fun.
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  But for anyone who's not in the know, Matt, could you give a
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  quick elevator pitch on what is sovereign computing?
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  What is start nine and what is sovereign computing?
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  I'm going to do the elevator for real 'cause that's a huge
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  question. So currently everyone on earth
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  is using what we call clients. You could think of them as
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  remote controls. Your cell phone, your laptop,
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  your desktop. These are all client computers,
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  right? AKA remote controls.
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  What are they remotely controlling?
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  They were remotely controlling one or more servers in almost
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  every circumstance. These servers are owned and
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  operated by some company, right? Namely the company whose app you
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  downloaded. So if you download some app onto
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  your iPhone and you open that app and you start doing things,
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  you are remotely administering somebody else's server.
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  This gives them enormous insight and control over your your
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  computing life, right? They can basically see every
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  button that you're clicking. They are processing all the
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  information. They're storing all the data.
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  And according to, you know, one just practical reality and two
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  things like the third party doctrine.
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  As soon as you do that, as soon as you begin to remotely
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  administer somebody else's server for your computing needs,
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  none of the information that touches or flows through or
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  stored on that server is protected by the 4th Amendment,
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  which protects information from illegal searches and seizures.
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  So basically no warrant is necessary for law enforcement or
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  anyone with sufficient authority to just walk in and and
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  basically request everything on that server about you.
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  So with that in mind, what do you do when this is your
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  reality? Well, what you could and should
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  do is stop using other people's servers to process all of your
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  information and store all of your data and instead use your
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  own server. Store your data on your own
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  server from your own home and access it from anywhere in the
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  world using your cell phones and laptops just like you would,
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  ultimately resulting in the same user experience except you are
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  excluding every and all third parties from your digital life,
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  becoming a digital sovereign. That information is protected by
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  the 4th Amendment because it is your server in your home and so
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  any search of it would require a warrant signed by a judge.
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  I'm speaking strictly from a United States perspective.
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  Obviously different countries have different laws around what
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  is and is not protected, but we believe this is a better model.
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  The problem until now has been that it's almost impossible for
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  a normal person to do. Running your own server from
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  your own home and using it to run all sorts of different
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  applications and accessing those applications from anywhere in
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  the world and doing so with reliability and speed and
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  efficiency has basically just been a non starter for 99.999%
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  of the human race because it's just super difficult to do.
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  And So what we have taken on as a company through our open
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  source software endeavours is to build an operating system and
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  computing paradigm that makes owning and operating and
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  effectively using your own server achievable and easy for
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  everyone. Yeah, absolutely.
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  And I can attest to that. You know, I'm I'm I I tend to be
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  just because my mind is always in in the content creation
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  realm. I tend to, I like to I tend to
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  like convenient things. But I always wanted to run my
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  own node and and connect to it remotely anywhere around the
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  world. That was one of the issues that
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  I had and I was finally able to figure that out with my start 9
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  device. And eventually, you know, I
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  started experimenting with with the other applications with it.
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  And you know, I I I can attest that it it, it is so incredibly
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  cool that if you really, really value, you know, your
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  sovereignty and your own device really, 'cause I I know for a
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  fact no matter where I'm travelling, like I'm in in
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  Maida, Portugal and I'm pulling up my Bitcoin on my Electrum or
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  Whispero, whatever, I know that I'm connecting to my node at
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  home. Like that is so effing cool and
• 11:28
  it feels really good. Like to the point where like
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  I'll open up multiple times just to see it sync and knowing that
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  it's, you know, I'm connecting to my my node like literally
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  thousands of miles away and I've done this in multiple countries
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  and it feels really good. And then not to mention all the
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  other applications, the the data storage, communications, it's so
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  incredibly cool guys. So I can't wait to talk more
• 11:51
  about that and the rest of the things we have on the show.
• 11:54
  Before we do that, I do want to give a show a shout out to our
• 11:57
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  website at the time of recording.
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  The Bitcoin price is 63,530 block height 842,464 SATS per
• 14:30
  dollar, 1574 market cap 1.25 trillion Bitcoin priced in gold
• 14:37
  27.6 oz Bitcoin verse Gold market cap 7.91%.
• 14:43
  The percentage issued of the total supply is 93.78% declined
• 14:48
  from all time high 13.8% but not for long.
• 14:52
  The bull market has commenced forward monetary inflation .85%
• 14:58
  and realize monetary inflation 1.69%.
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  So even if governments and central banks get it back to
• 15:05
  that mythological, you know guru whatever 2% inflation number
• 15:12
  that they can't even explain why that is 2% theft.
• 15:15
  Your money has to have that in order to work.
• 15:18
  You know Bitcoin is still taking it to absolute school and of
• 15:21
  course the halvings ensure that numbers just gonna that it that
• 15:24
  forward monetary inflation just gonna keep going down forever.
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  Anyways what I did wanted to talk.
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  What I do want to talk about today is this this again it went
• 15:34
  viral. So essentially this guy right
• 15:37
  here Ohio State commencement speaker talks Bitcoin in front
• 15:43
  of 60,000 people and gets booed. Let's check it out.
• 15:48
  Great investors are open minded and understand things before
• 15:52
  other people, so I know this might feel polarizing, but I
• 15:57
  encourage you to keep an open mind.
• 15:59
  Right now. I see Bitcoin as a very
• 16:04
  misunderstood asset class. Here's like another version of
• 16:12
  it as well. Here we go.
• 16:14
  I know this might be a war, but I encourage you to keep an open
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  mic right now. No, I.
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  See. Bitcoin like and then you see
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  like in the screen on the top right, of course, something that
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  we've showed showed to you guys multiple times, right?
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  Like he even has like the data to pack it up that look, if you
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  transition to a Bitcoin standard, your life will get
• 16:47
  progressively cheaper, right? The American dream is not that.
• 16:50
  The American dream is is thriving if you're on a Bitcoin
• 16:53
  standard and not only is it the American Dream, the American
• 16:56
  Dream has explored has been exported all around the world.
• 16:59
  Bitcoin has already made all time highs in most Fiat
• 17:02
  currencies and it just made an all time high in the US dollar.
• 17:06
  And it's gonna make another all time high because it's Infinity
• 17:09
  divided by 21 million and your life will get cheaper.
• 17:13
  And what's really interesting to me is that this is an entire
• 17:16
  stadium and Dylan Leclair has a really good .100.
• 17:19
  A $100,000 of unsecured debt is good.
• 17:22
  Bitcoin is bad. Here's our boy Nick.
• 17:25
  Can't mine Repeat after me. Capitalism.
• 17:27
  Capitalism. Bad.
• 17:28
  Bad. Great job.
• 17:30
  You're so smart. Here's your degree.
• 17:31
  That'll be a hunt. That'll be 300 K And the the,
• 17:35
  you know, the students freaking out like this is like, this is
• 17:38
  insane. This is crazy.
• 17:40
  But, you know, I think a lot of people were were seeing this.
• 17:44
  And it's like, yeah, this is pretty crazy.
• 17:46
  But here's our boy Nick. And I think Michael Saylor says
• 17:50
  it best. Like the fact that so many
• 17:53
  people and this is like the next generation of students are
• 17:57
  looking down on it and basically not seeing an opportunity where
• 18:02
  you're seeing an opportunity. And this is something that I've
• 18:04
  seen other Bitcoiners kind of get frustrated about, like, holy
• 18:09
  cow, like this isn't happening fast enough.
• 18:11
  I talked to my normie friends and they still don't get it.
• 18:14
  They still don't understand. Here's Michael Saylor explaining
• 18:18
  to basically the Bitcoin for corporations crowd why that is a
• 18:22
  good thing, why that actually is an opportunity.
• 18:26
  And he mentions, you know, the fact that he believes that
• 18:30
  Bitcoin will 100X in the next 10 years and sounds unbelievable
• 18:36
  from our perspective. But let's say it does half of
• 18:40
  that. Let's say 25 percent, 30% of
• 18:42
  that, right? That's still absolutely insane.
• 18:45
  And what I gotta say is, if I told you 10 years ago that
• 18:49
  Bitcoin would be where it's at today, you would have laughed.
• 18:52
  You would have booed me out of the room.
• 18:54
  You would have laughed at me and it seems like, you know, we got,
• 18:59
  we got a similar, we got a similar reaction.
• 19:03
  I never forget Andreas Antonopoulos giving speeches
• 19:08
  when Bitcoin was at $100 to an empty room.
• 19:13
  I remember that. I never forget that Andreas
• 19:15
  shout out to him. He orange billed me.
• 19:17
  I was watching his videos in 2016 and it really resonated
• 19:21
  with me. I'm not going to lie, of course
• 19:23
  I came for the money. I stayed for the revolution.
• 19:26
  But you know, if everyone sees it, then you know, maybe you're
• 19:30
  a little late. And I think that's what Michael
• 19:32
  Saylor's trying to say in this clip.
• 19:33
  Let's check it out. If people agree with you when
• 19:35
  you say I like Bitcoin, that means it's not a good investment
• 19:38
  anymore. You understand, at the point
• 19:42
  when it's not controversial and everybody agrees with you,
• 19:45
  everybody will own it. The price will be 100 X.
• 19:48
  You won't be able to afford to buy 1% of what you want, right.
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  You want to know it. You don't want them to
• 19:56
  understand it. Let them take 10 years to figure
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  it out because that's how you 100 X and people.
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  I think he's right. Like I'll be honest with you.
• 20:11
  I think he's right. I like I'm I'm at that point
• 20:14
  where you know if people want to be like like if people just want
• 20:18
  to like you know be like that and.
• 20:21
  You know, just cheer and, you know, clap.
• 20:24
  And I'll say this many times, like if you're a Gen.
• 20:26
  Z or if you're a millennial, you do not have the same opportunity
• 20:31
  that your parents once had to acquire real estate to get ahead
• 20:35
  in life. Like Bitcoin is your ticket out
• 20:38
  of that situation. Bitcoin is your way forward.
• 20:42
  I've seen it not only personally, but I've seen it,
• 20:45
  and the people around me, I've seen them.
• 20:47
  Once they've adopted a Bitcoin standard, their life improves,
• 20:50
  right? Of course, sailors looking at it
• 20:52
  from an investment standpoint, but let's say you missed the
• 20:55
  boat 10 years from now, for whatever reason, you still
• 20:57
  didn't listen. It's still a good idea to adopt
• 21:00
  A Bitcoin standard because, you know, it's like there's a finite
• 21:05
  supply. It's, it's, it's going to ensure
• 21:07
  your purchasing power, your energy, your time, right?
• 21:10
  So yeah, I think we're still early to say the least.
• 21:13
  I still think the masses have no idea what this thing is, and I
• 21:17
  think the masses are still drinking the kool-aid man like
• 21:20
  they're still drinking that college kool-aid for whatever
• 21:23
  reason. I don't know what that school is
• 21:24
  teaching them, but, you know, booing something that has been
• 21:28
  the best performing asset that is, you know, completely changes
• 21:31
  the world, You know is is is is hilarious.
• 21:34
  It just reminds me of Andreas, you know, giving a lecture to a
• 21:38
  college room. Now, we have made progress in
• 21:41
  the sense that at least they know what Bitcoin is when the
• 21:44
  guy brought it up, right? You know, five years ago, 10
• 21:48
  years ago, they would have been like, what are you talking
• 21:50
  about? Right.
• 21:50
  So at least we've made progress, but, you know, it's I I think
• 21:55
  they're gonna regret, you know, saying that, you know, 5-10
• 21:58
  years from now. Anyways, Matt, I'll start with
• 22:01
  you. Do you think Sailor's right?
• 22:03
  What's your reaction on the whole stadium of college
• 22:06
  students booing Bitcoin? What's your take on all this?
• 22:10
  First of all, Sailor is definitely right.
• 22:13
  That is the sort of nature of investments, not savings as
• 22:17
  Bitcoin will eventually become. But if you're wanting to
• 22:21
  increase your purchasing power, your worth, right, your your
• 22:25
  amount of capital that you control, you have to find things
• 22:28
  before other people do. And it doesn't need to be
• 22:31
  Bitcoin. It's really anything, right?
• 22:32
  Like even as a as a child, so quick back story real quick.
• 22:38
  Like my parents gave me control over my stock brokerage account
• 22:43
  when I was 12. I was able to call my broker and
• 22:47
  make trades without their permission up to certain limits
• 22:51
  when I was 12. And they did that because I had
• 22:54
  been picking. I'm good.
• 22:55
  And I exhibited a degree of, you know, restraint when it came to
• 22:59
  not being reckless. But I I just say that because
• 23:03
  ultimately, even at that age, what I was doing, my philosophy
• 23:08
  was to find something that I thought was awesome.
• 23:11
  Like, it was basically just that I just lived my life, and
• 23:14
  whenever I encountered something that was really, really cool,
• 23:17
  the first thing I asked myself was, does anybody else know
• 23:20
  about this yet? And if the answer was no, like,
• 23:23
  I felt like I had discovered something before other people
• 23:26
  did. The next thing I did was sought
• 23:29
  whether there was an investment opportunity in that thing.
• 23:31
  Like, is there a stock for it? Is there a, you know, is it
• 23:34
  something I can trade? And if both of those answers
• 23:36
  were yes, like it's something I like, it's something other
• 23:39
  people don't know about yet, and it's tradable.
• 23:41
  It's something I can reasonably get into.
• 23:43
  Then I did, and that was my basic philosophy and it always
• 23:48
  worked well. And anytime I tried to do
• 23:49
  anything other than that, like short something that I didn't
• 23:53
  like or you know any other chart voodoo or anything like that, it
• 23:57
  always failed and I always lost. But a tried and true means of
• 24:00
  investing is find something that's awesome before other
• 24:02
  people do and get some skin in the game.
• 24:05
  So he's right. And the bigger the opportunity
• 24:07
  and the longer it takes people to figure out or the cooler the
• 24:10
  thing and the longer it takes, the bigger the opportunity.
• 24:12
  So with Bitcoin, it's obviously massive because it's a massive
• 24:15
  earth shattering change and it's taking people a very long time
• 24:20
  to find out about it and understand it.
• 24:23
  So it's a huge opportunity today.
• 24:26
  It was more of an opportunity yesterday, but it'll still be an
• 24:29
  opportunity in in the near future from an investment
• 24:32
  standpoint, right? Bitcoin always is useful, even
• 24:35
  after it ceases to be an investment, but right now it's
• 24:41
  still is a huge investment opportunity in my opinion.
• 24:44
  I, I 100% agree and I think that I think there there's two things
• 24:47
  can be true and I can't emphasize that enough, right.
• 24:50
  Bitcoin, even if you know it reaches you know that the, you
• 24:54
  know those these crazy numbers where the volatility starts to
• 24:57
  decrease, right. It's in the millions of dollars
• 24:59
  per coin, which I think we'll definitely see.
• 25:03
  I I think you know the volatility is obviously going to
• 25:05
  decrease. Now it's still better money,
• 25:09
  right, compared to Fiat currencies, 100%.
• 25:12
  But obviously in terms of the investing opportunity, you know
• 25:16
  the upside isn't you know isn't as great as it once was.
• 25:20
  And I think this is where I think a lot of people, you know,
• 25:25
  a lot of people are are not seeing, you know the the
• 25:29
  potential upside. Now Matt, do you this is getting
• 25:32
  into speculation territory which we don't like to talk about on
• 25:35
  simply Bitcoin. But you know Michael Saylor did
• 25:37
  throw out that 100 X number. Is that something that you can
• 25:42
  see as as possible, especially with Bitcoin sitting at 63,000?
• 25:46
  I think 100 X would put it at one 6.3 million if let's.
• 25:50
  Be let's be clear about what you mean 100 X in real purchasing
• 25:54
  power or in terms of dollars. Because in terms of dollars,
• 25:57
  it's an inevitability that it'll go 100 X.
• 26:00
  There's no future where it doesn't go 100 X because the
• 26:04
  dollar is will die eventually. The dollar cannot survive
• 26:08
  forever in its current form. They might come out with the
• 26:10
  dollar two, which is some CBDC thing, but in terms of today's
• 26:15
  dollars, that thing is dying. It must die.
• 26:19
  And so Bitcoin will go to Infinity against that.
• 26:21
  But that doesn't mean it'll go 100X or to Infinity in terms of
• 26:24
  purchasing power like real world purchasing power from a personal
• 26:29
  standpoint based on gold's place in history and Bitcoin
• 26:36
  fundamentally kind of replacing gold in my opinion, then I do
• 26:40
  think it has 100X or more of real purchasing power potential
• 26:46
  increase. And I say potential because
• 26:48
  obviously this is, this is technology, this is a project
• 26:52
  and it is still an early stage project from a you know, socio
• 26:57
  political historical standpoint. This is still a very early stage
• 27:00
  experiment and it might not work out.
• 27:03
  But if it does work out and it does fulfill its promise, then
• 27:06
  sure, hundred X and real purchasing power seems very
• 27:08
  reasonable to me. I 100% agree with that and that
• 27:11
  I can't emphasize that enough, right?
• 27:13
  If Bitcoin stays decentralized and secure, right?
• 27:16
  That's the big if this is a project, you know, a lot of
• 27:20
  people feel strongly about this, but I I still think we have a
• 27:23
  tremendous amount of work to do on the educational level, as you
• 27:28
  can see by an entire class that supposedly was educated in
• 27:33
  higher education, literally booing the the best money that
• 27:37
  has ever existed in the history of mankind.
• 27:40
  I'd like to weigh in on that, actually, real quick.
• 27:42
  So the the booing at Ohio State commencement, 2 things to keep
• 27:49
  in mind here, OK, 'cause it's not just that simple, right?
• 27:52
  One is that this is a commencement address, OK?
• 27:56
  And if that guy had stood on stage and pitched Apple as a
• 28:02
  great investment or something like that, it would have been
• 28:05
  inappropriate and obviously inappropriate, right?
• 28:07
  Like commencement speeches or, you know, they're ever what
• 28:11
  they're whatever the speaker wants them to be.
• 28:13
  But traditionally and sort of what the crowd is expecting, you
• 28:16
  have to know your audience and know your, you know, context
• 28:19
  there. There tend to be sort of higher
• 28:21
  level, more, you know, conceptual and philosophic and
• 28:24
  looking to the future and broad things like if someone got on
• 28:27
  stage and started pitching, you know, we need to vote Republican
• 28:30
  in the next election, people would do.
• 28:32
  And if he said we need to vote Democrat in the next election,
• 28:35
  people would do. And in a way, Bitcoin kind of
• 28:37
  fits into that category, right? Like, I'm not sure that it was
• 28:41
  appropriate and appropriate setting for him to be pitching a
• 28:44
  crowd full of recently, you know, college educated children
• 28:51
  who who just studied, you know, Keynesian economics and
• 28:53
  socialism as the solution to everything.
• 28:56
  And their parents and their younger siblings to then just
• 28:59
  put up a chart of like housing prices decreasing in terms of
• 29:02
  Bitcoin. It was a little inappropriate.
• 29:05
  And I think that that is where some of the booing came from.
• 29:07
  It was like, who is this guy pitching us on an investment
• 29:09
  opportunity at our commencement address?
• 29:11
  So that's part of it, OK. And the second part, which is
• 29:15
  not, has nothing to do with the booing.
• 29:16
  I just wanted to like, let everyone know this is that
• 29:19
  immediately following the booing, this guy said in the
• 29:23
  early days, exchanges for Bitcoin were prone to hacks and
• 29:27
  fraud. But the issue has been resolved
• 29:30
  with the recent launch of the Bitcoin ETFs.
• 29:33
  This guy has no fucking idea what he's talking about and he's
• 29:36
  not a good representative of Bitcoin.
• 29:38
  So was it The booing and that are separate issues?
• 29:41
  But still, like, this guy's a little squirmy, right?
• 29:44
  And I think the booing was in part the the context, the timing
• 29:49
  and the personality of the person delivering it.
• 29:52
  I mean that was a phenomenal analysis and I completely agree
• 29:56
  with you guys. There's 2231 of you guys
• 30:01
  watching live, not including Rumble.
• 30:03
  Let's see what what rumble's at 48 of you guys watching live on
• 30:07
  Rumble. If you guys are enjoying the
• 30:08
  show, make sure to smash that like button.
• 30:11
  Also shout out to the Rumble team for verifying us on Rumble.
• 30:14
  Really appreciate over there. So yeah, guys smash the like
• 30:18
  button. Really tells the YouTube algos
• 30:20
  and the Rumble algos and the Twitter algos to push the orange
• 30:24
  signal forward. So help us break 100 likes
• 30:27
  within the 1st 35 minutes of the show.
• 30:28
  Anyways, Opti, what's your take on this brother?
• 30:31
  Yeah, I think, I think Matt like hit the tail the head.
• 30:34
  That was a great analysis. I I love Matt's take on this.
• 30:38
  And I totally, totally agree. And I did.
• 30:40
  I didn't watch the whole speech, but I watched like the full 3
• 30:43
  minutes that I saw on Twitter and like kind of what Matt was
• 30:48
  saying, you know, the speech was a little bit cringe.
• 30:50
  I'm not going to lie, but you know, let the cringe commence
• 30:53
  until financial literacy improves.
• 30:55
  So I think it is, you know, caveat in what Matt said.
• 31:00
  I think this is a perfect like zeitgeist of the normally
• 31:04
  perception of Bitcoin and obviously he probably could have
• 31:07
  took some better context cues and maybe wasn't the right place
• 31:11
  for the speech. But I think it does highlight
• 31:15
  what we say all the time here on the show.
• 31:16
  Like this is what we're up against.
• 31:17
  I I think most people have heard about Bitcoin.
• 31:20
  They've made-up their mind about Bitcoin.
• 31:22
  A lot of people hate on Bitcoin and bitcoiners in general and
• 31:26
  this is how I know we're still early is because most people
• 31:28
  still fundamentally don't understand what Bitcoin is, what
• 31:31
  bitcoins trying to solve. And you know Nico always goes to
• 31:34
  education and part of that is, you know maybe they didn't hear
• 31:38
  the right messaging around Bitcoin.
• 31:40
  But I think it also is kind of a culmination of what he open the
• 31:45
  speech with. It's like if you're open minded
• 31:47
  and that's the whole thing. Most people have made-up their
• 31:50
  mind about Bitcoin and they think they know what Bitcoin is
• 31:53
  about. They think it's about
• 31:54
  speculating and making money and all that good stuff.
• 31:57
  And I think this is just a culmination of everything that
• 32:02
  I've experienced when I try to talk to normal people about
• 32:05
  Bitcoin. So at this point I am kind of
• 32:07
  like black pilled. I I only open up the Bitcoin
• 32:09
  pitch to people that I know are able to receive that pitch,
• 32:13
  whether they believe in freedom, whether they have pain points,
• 32:16
  whether they're having problems with their groceries and not,
• 32:18
  you know, caring about real estate being too expensive.
• 32:21
  Like I think it's kind of a good framing to be like pick your
• 32:25
  battles and you don't necessarily need to shield
• 32:28
  Bitcoin at every, you know, family dinner or every friend
• 32:32
  dinner that you have. I think there's a time and a
• 32:34
  place to really talk about Bitcoin and it really goes to
• 32:37
  what I say all the time here on the show.
• 32:38
  It's like you are a walking billboard for Bitcoin and the
• 32:41
  best way to spread Bitcoin is by living that message.
• 32:44
  And you know, we could probably go on about the kids booing
• 32:49
  about Bitcoin and dunk on them all all we want, But I think
• 32:52
  it's just very important to remember that maybe it wasn't
• 32:55
  the time and a place to be shilling Bitcoin at the
• 32:57
  commencement speech. But hey, good on the kid for
• 33:00
  trying to spread that message. So shouts out to him for trying
• 33:04
  to orange pill 60,000 kids. And I think you know, getting in
• 33:08
  the toxic Bitcoin route. Like This is why we have the
• 33:11
  meme that you get Bitcoin at the price you deserve.
• 33:13
  Like, I I'm convinced people I've heard about Bitcoin that
• 33:16
  vaguely understand Bitcoin. They may have had a few touch
• 33:19
  points on Bitcoin, but they're just not ready to fully get the
• 33:22
  Bitcoin message. And it is what it is.
• 33:25
  This is how I know that it's still a great opportunity for us
• 33:27
  to continue to stack as many sets as possible and continue to
• 33:31
  plant those seeds of freedom and freedom technology and freedom
• 33:34
  money into the minds of people that that are open to it.
• 33:37
  And so it just, man, it just makes me know that we're still
• 33:42
  early to this and I think those kids will look back on that
• 33:45
  speech or that moment in time eventually with shame when the
• 33:49
  bull run really does commence or whether it.
• 33:51
  Started it already. Started.
• 33:52
  Yeah, it already started. Exactly.
• 33:53
  Matt hanged his painting. Exactly.
• 33:55
  Or, you know, in the the 10 years down the line when we
• 33:59
  hundred X, they'll look back and be like, man, I was a dumb
• 34:02
  college kid and I was booing this guy who was trying to help
• 34:06
  me find financial freedom. I should have listened to him,
• 34:09
  but it is what it is. We're still early in this whole
• 34:12
  Bitcoin experiment, even though it's 15 years old.
• 34:14
  But a lot of people have made-up their minds about Bitcoin and so
• 34:17
  only very defining things will change their mind.
• 34:21
  Either they gotta feel pain or the price has to go absolutely
• 34:24
  nuclear. And every single one of us has
• 34:26
  to not only build ourselves up, but build up businesses and be a
• 34:31
  shining example what it means to be a bit corner.
• 34:33
  And until then we have the opportunity to stack Sats.
• 34:37
  And as Matt is doing over there, when you build it, they will
• 34:41
  come. So in time, hey, this is just
• 34:43
  giving us good cover to build over here and continue to spread
• 34:47
  the signal and eventually those kids will come around, but until
• 34:50
  then, hey, they will just have fun staying poor.
• 34:53
  It is what it is. All right everybody.
• 34:55
  Before we get on to the news, I do want to give a shout out to
• 34:57
  our sponsor and of course I'm talking about Anders Pleb Party
• 35:02
  and it's going to be thrown at Bitcoin, it's going to be
• 35:06
  around, it's going to be in Nashville.
• 35:08
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• 35:11
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  What's going to end up happening is that all your friends,
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  including Larry Fink, Preston Pish, the entire Simply Bitcoin
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  Pleb Party. And the last thing that you want
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  All right, everybody, let's hit the news.
• 36:23
  The Daily News. I want to give a shout out to
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  the show notes below to learn more.
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  I always make it incredibly easy for you guys.
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  So you can scan the QR code on your screen.
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  It'll take you directly. That's the wrong what Update.
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  OK, you can scan the QR code on your screen.
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  Like it makes spending Bitcoin from cold storage incredibly
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  simple. So check it out today.
• 37:47
  You can check out the QR code or check the link in the video
• 37:50
  description. Anyways, you guys are going to
• 37:52
  kill me, but I'm going to do it anyways.
• 37:55
  I love this book. I think it's not predicting
• 38:00
  exactly what's going to happen, but I like the philosophy and
• 38:03
  kind of like the theory behind how they made a lot of these
• 38:06
  predictions. And I think so far that theory
• 38:09
  has been proven right. So I always kind of give a
• 38:12
  little bit of of sovereign individual thesis and quotes
• 38:17
  before we get on to some of the news segments because if you see
• 38:22
  the news segments by themselves standing on by, standing by
• 38:26
  themselves, you don't connect the dots, you don't understand
• 38:30
  what is fully happening. I truly believe we're we are
• 38:34
  transitioning into this era of I called the great
• 38:37
  disintermediation of of just the great disintermediation.
• 38:40
  I think two things are happening.
• 38:42
  First, the great disintermediation of
• 38:44
  information, massive peer-to-peer communications on a
• 38:48
  worldwide level has completely hindered the ability for mass
• 38:55
  narrative control. I think that's the first step.
• 38:58
  I think the interview that not, I think I know the interview
• 39:02
  with Tucker and Mike Benz was was so phenomenal.
• 39:06
  I can't emphasize enough how much you guys have to watch that
• 39:09
  interview, literally to the point where if you search for it
• 39:12
  on YouTube, it won't pop up. You have to search for it on
• 39:14
  Google and then we'll take you, then it will take you to the
• 39:16
  YouTube video. But basically he was making the
• 39:19
  case that governments were not prepared for social media.
• 39:22
  They were just not. It's it's get it's caught them
• 39:25
  flat footed completely and then their attempt to censor
• 39:29
  information, you know, and that's this has been leaked
• 39:32
  through the Twitter files. More information has been linked
• 39:35
  that, you know, the government has asked YouTube, Facebook, all
• 39:37
  these platforms to censor certain types of speech, to
• 39:40
  throttle certain types of speech.
• 39:42
  I think it's an indication of what I'm saying.
• 39:45
  And then what we're transitioning slowly into is the
• 39:48
  the disintermediation of money, which I think will have even
• 39:52
  more consequence in the great disintermediation of
• 39:54
  information. Now all of that being said, you
• 39:57
  have to prepare for what's to come.
• 40:00
  How do you prepare for what's to come?
• 40:02
  First, take Bitcoin into self custody.
• 40:04
  Second, probably a good idea. To run a Bitcoin node, obviously
• 40:08
  I recommend the one that I run, which is the start 9.
• 40:11
  There's a promo code down in the video description, go to
• 40:13
  start9.com and of course Sovereign computing goes into
• 40:17
  this. Noster goes into this right,
• 40:19
  which is completely censorship resistant social media and it
• 40:24
  when you have these types of tools that governments cannot
• 40:28
  shut down, they cannot censor, it kind of becomes a forcing
• 40:32
  function in a way where they they have to like because they
• 40:35
  can't shut it down, they have to kind of live with it.
• 40:38
  And if they're living with it, I don't think that you know, the
• 40:43
  approved narrative or Fiat money, you know, can withstand
• 40:48
  truth, can withstand competition.
• 40:51
  And I think that's what we're starting to see the first
• 40:53
  inklings of, you know, and I'll and I'll give multiple examples
• 40:56
  of that. But before we do that, I do want
• 40:59
  to read some passages from one of my favorite books.
• 41:02
  Not my favorite book, but one of my favorite books, the Sovereign
• 41:05
  Individual. So first, in the new Millennium,
• 41:07
  cyber money controlled by private markets will supersede
• 41:09
  Fiat money issued by governments.
• 41:11
  The authors have also predicted that with the rise of this new
• 41:14
  cyberspace and consequently cyber money will become harder
• 41:17
  for a nation state to collect taxes from its citizens.
• 41:20
  Now when they say taxes, it's not only income tax.
• 41:23
  We'll get to that in a second. But it's also tax via inflation,
• 41:29
  which I think is a more insidious tax.
• 41:32
  I think it's a tax that, like, people are just not aware of,
• 41:36
  you know, when I see them clapping or when they see, you
• 41:39
  know, I walked around my neighborhood and I literally
• 41:41
  saw, you know, literal flags and flags of flags of like, you
• 41:46
  know, things of saying like, look, I support this war in
• 41:49
  Ukraine or I support this war in Israel and I support and
• 41:52
  whatever. And it's like look like if you
• 41:55
  take a look at 2023, you know the US government spent $1.7
• 42:01
  trillion more than it collected in tax revenue 1.7 trillion.
• 42:06
  Where is that money coming from? They're printing the difference.
• 42:08
  People don't understand that they are paying for it through
• 42:12
  currency debasement, right? It's this kind of the SIOP
• 42:15
  thing. This is like you know you have a
• 42:17
  whole you have a whole stadium of of of kids literally you know
• 42:21
  and Matt's saying what I I agree with this point.
• 42:24
  It's not appropriate setting but they're literally like booing at
• 42:27
  this thing like they don't know we we still have so much work to
• 42:30
  do in regards to this topic. Anyways I got a little bit
• 42:33
  sidetracked. Anyways, it goes on to say they
• 42:34
  compared the state to a farmer keeping cows in the field to be
• 42:39
  milked, but that soon the cows will have wings.
• 42:42
  They predict that for the government to collect taxes from
• 42:45
  its citizens in this type of society, it would have to
• 42:48
  violate human rights. Even traditionally civil
• 42:50
  countries will have to resort and turn nasty.
• 42:53
  And it goes on to say, lacking their custom scope to tax and
• 42:56
  inflate, governments even in traditionally civil countries
• 42:59
  will turn nasty. Businesses that offer the
• 43:01
  services that facilitate the realization of autonomy by
• 43:04
  individuals will be subject to infiltration, sabotage, and
• 43:08
  disruption. Arbitrary forfeiture of
• 43:10
  property, already commonplace in the United States where it
• 43:12
  occurs 5000 times a week, will become even more pervasive.
• 43:16
  Governments will violate human rights, censor the free flow of
• 43:19
  information, sabotage, useful technologies, and worse.
• 43:22
  And I can't help but to, in my mind reference the name Buchelli
• 43:26
  article where it's called Don't Drink the Elite Kool-aid, where
• 43:29
  he says their most important weapon, the most powerful
• 43:32
  weapon, is their control on the truth.
• 43:34
  Now all of that being said, there's a lot of examples of
• 43:40
  this specific of this of these specific passages, so
• 43:45
  infiltration, sabotage and disruption.
• 43:47
  So the US government basically by starting with tornado cash,
• 43:53
  setting the precedent that all of a sudden the US Treasury has
• 43:56
  the power to open to sanction open source software, they set
• 44:00
  the precedent less than, you know, nine months later they
• 44:04
  started arresting Bitcoin privacy developers.
• 44:07
  And of course, I'm talking about the Samurai guys once again
• 44:10
  setting the precedent and again, not through the legislative
• 44:13
  process, but the US government has been able to successfully,
• 44:18
  you know, destroy mixing without having to pass any type of
• 44:22
  legislation basically through it through enforcement instead.
• 44:27
  Which you know, of course, this is law fair, this is State Fair,
• 44:30
  this is what they're talking about, right?
• 44:33
  They're trying to impose the existing surveillance system on
• 44:39
  top of Bitcoin. And anyone who you know,
• 44:42
  basically goes outside of that system, they'll make an example
• 44:47
  of. And of course, I don't like to
• 44:48
  talk kindly about Rodger Ver because of what happened with
• 44:51
  Bitcoin Cash. But at the end of the day, you
• 44:54
  know, his arrest was basically sending a message to everyone,
• 44:59
  basically saying, look, it doesn't matter whether you gave
• 45:01
  up your US citizenship, you know, it doesn't matter if you
• 45:05
  broke these laws five years ago, breaking the laws in the sense
• 45:07
  of not paying taxes, the exit tax supposedly was what he was
• 45:12
  charged for. We will find you.
• 45:14
  It doesn't matter where you are. You know, Uncle Sam, we'll get
• 45:18
  you and we'll put you in a box and we'll make an example out of
• 45:20
  you, Mind you. Right.
• 45:22
  You know, whether it's in the case of the samurai guys, like
• 45:26
  who are the biggest money launderers?
• 45:28
  Banks. What do they get?
• 45:29
  What are the consequences for them breaking those types of
• 45:32
  laws? They get fines, right?
• 45:35
  Remember, no banker went to 8. No, no banker went to jail for
• 45:38
  2008, even though I think that had a much worse effect on
• 45:43
  society than anything that the Samurai wallet guys did,
• 45:47
  anything that the tornado cash guys did.
• 45:50
  And then this is what I want to talk about today because this
• 45:53
  news just dropped. And I think again, it's another
• 45:55
  reflection of how the state sees you, how the government sees
• 45:59
  you. And this is in the case of
• 46:02
  Canada. So there, Canada's proposing a
• 46:04
  $25,000 penalty plus A2 times exit tax to citizens who leave
• 46:10
  the country. The, you know, the person who
• 46:13
  initially tweeted this says, I've been warning you, modern
• 46:16
  feudalism is coming to Western countries.
• 46:19
  I would even make the case that it's not.
• 46:21
  It's already here. Right?
• 46:23
  And what's really interesting about the sovereign individual
• 46:25
  is that when they were writing that book, it, they initially
• 46:29
  passed the first exit tax in the US and they were basically
• 46:33
  theorizing that this was going to be used against Americans
• 46:38
  down the road. Right.
• 46:40
  And the whole idea, the whole premise of an exit tax for
• 46:42
  anyone who's not aware is this idea that what if you leave the
• 46:46
  country, right? You say, I'm going to give, I'm
• 46:48
  going to renounce my citizenship.
• 46:50
  You have to, per SE, You have to pay 50% of your net worth to the
• 46:54
  US government. Right.
• 46:55
  So again, you know, you took the risk, you made the money, you
• 46:58
  made the whatever. the US government feels entitled to 50%
• 47:02
  of that. Now that's the law, right?
• 47:04
  I can't argue that's the law. It's my opinion.
• 47:06
  I think it's an unjust law, but I think we're going to start to
• 47:09
  see more and more people flee, you know, unfavorable tax
• 47:14
  jurisdictions. Now here's the official, here's
• 47:18
  the official proposal. So it says Canada proposes 25K
• 47:22
  departure penalty and increase taxes to curb immigration crisis
• 47:27
  in a bid to address a growing immigration crisis.
• 47:29
  The Canadian government under Prime Minister Justin Trudeau is
• 47:32
  reportedly discussing significant measures to deter
• 47:36
  citizens from leaving the country.
• 47:38
  According to insider insider sources, the proposed strategy
• 47:41
  includes a $25,000 departure penalty along with a doubling of
• 47:45
  the exiting departure tax for those seeking to relocate
• 47:48
  abroad. This approach ends to stain to
• 47:51
  stem the tide of Canadians moving overseas amidst ongoing
• 47:55
  national crisis in housing inflation, affordability,
• 47:59
  education, productivity and climate.
• 48:00
  OK, so you can make a very strong case that they are
• 48:05
  responsible for a lot of these so-called crises, right?
• 48:09
  It's definitely inflation. You can make that.
• 48:11
  You can make an argument that they're responsible for the
• 48:13
  housing issues. You could definitely make the
• 48:16
  case that they're responsible for, for the educational aspect,
• 48:20
  for the affordability aspect. Now instead of facing the
• 48:23
  consequences, what do they do? Exactly what the sovereign
• 48:27
  individual says literally taking people hostage, trying to take
• 48:31
  an entire country hostage. It goes on to say the
• 48:33
  discussions are still confidential, with details yet
• 48:35
  to be publicly confirmed as the government explores options to
• 48:39
  maintain, maintain its population and stabilize the
• 48:43
  country's situation. Now you know they they did
• 48:46
  propose, and this is public, a 6067% capital gains tax.
• 48:52
  And in the US, you know, if Biden gets elected, a 44%
• 48:56
  capital gains tax, right. So you know, it's just it's just
• 48:59
  interesting how all of this is playing out.
• 49:02
  And again, you know, I I I think it would if Bitcoin didn't
• 49:06
  exist, man, you know, it would be a pretty Dark World because
• 49:11
  it's just these governments, these these states feel like
• 49:14
  they're entitled to you. You know, I think that the book,
• 49:16
  when they said, you know they see basically a citizen like a
• 49:20
  cattle and they have the ability to milk them, I think is a very,
• 49:24
  very accurate description in the way that they see you.
• 49:27
  And I think the Internet has basically, you know started the
• 49:30
  the freedom flame and then Bitcoin came along and put a a
• 49:34
  giant gallon drum of gasoline and just poured it on there and
• 49:37
  they just ignited this fire and they're they don't know how to
• 49:41
  react to it. They don't know how to because
• 49:43
  their their monopoly on violence doesn't have the return that it
• 49:47
  used to. And it's just very, very
• 49:50
  interesting to say the least. Anyways, that's my take.
• 49:53
  Matt, what's your take on all this?
• 49:55
  Are you seeing what I'm seeing, or am I seeing things that are
• 49:57
  not there? I mean, it's hard to argue with
• 50:01
  what is there and in front of our eyes.
• 50:04
  So this is definitely happening. It does accord with the thesis
• 50:08
  of the sovereign individual. It makes sense given the nature
• 50:13
  of government and Fiat money and you know how these systems
• 50:17
  function that they would, you know, want to restrict
• 50:22
  expatriation because it is removing productive energy and
• 50:25
  value from the economy. And you know, for the US you
• 50:31
  had, you had brought it up, your numbers were a little off.
• 50:35
  So for the US, the tax is somewhere in the 23% range.
• 50:42
  That's 20% capital gains. Basically, the US treats it as
• 50:46
  if you renounce your citizenship.
• 50:48
  It's as though you sold all your assets in that moment, and so
• 50:52
  you owe capital gains taxes on them.
• 50:54
  It's basically taxing unrealized capital gains at the moment of
• 50:59
  renunciation, plus an added like 3% fee or whatever.
• 51:05
  So it's not 50%. I'm not saying that 23% is good.
• 51:09
  It's criminal. That should be 0 of course, but
• 51:14
  secondly it it only effects certain individuals, so you have
• 51:18
  to meet a particular criteria to be taxed for renouncing your
• 51:23
  citizenship. You have to either have over 2
• 51:26
  million in assets or you have to have made the equivalent of like
• 51:31
  4 or $500,000 per year for the previous five years to to be.
• 51:40
  I just showed. I just showed that connection
• 51:42
  was lost. Am I still here?
• 51:43
  You're still, you're still here. Cool.
• 51:45
  So again, not excusing it in any way, just adding a little bit of
• 51:49
  context to the to the whole situation.
• 51:51
  It's not that it universally applies to everyone, it only
• 51:55
  applies to high net worth and net earners.
• 51:58
  And it is 23%, not 50%. All that said, fuck em.
• 52:02
  That is ridiculous human rights violation in my opinion.
• 52:07
  We're free people and we should be able to go wherever we want,
• 52:10
  you know? If not, then we're we're not
• 52:13
  free. So I'm against it, but it's
• 52:16
  coming and it's probably coming to most countries and and yeah,
• 52:24
  it won't work long term, but it will definitely affect people's
• 52:29
  lives before it doesn't work. It will work right for a while,
• 52:33
  and on many people. It will prevent people from
• 52:36
  moving, or it'll cost people in in real, meaningful amounts of
• 52:42
  money who do leave. Yeah, I I 100% agree with you
• 52:46
  and I think you know them. Making an example of Rodger Ver
• 52:50
  is just like just them saying like, look like you can't escape
• 52:54
  Uncle Sam. Like it doesn't matter where you
• 52:56
  are, it doesn't matter where you are around the world, You know,
• 52:58
  if you don't pay this exit tax, if you don't pay your pound of
• 53:01
  flesh, you know, we're going to put you in a box essentially.
• 53:05
  So, Opti, what's your take on this, brother?
• 53:06
  And then we'll get on to the culture.
• 53:08
  Yeah, well, I mean, I think especially for us here, we cover
• 53:12
  the news every single day. But it's becoming clearer and
• 53:14
  clearer that the powers that be want to keep us in digital
• 53:17
  slavery. And hopefully more people are
• 53:19
  waking up to the illegitimacy of these institutions.
• 53:22
  And you know, the more they push, the more I think there
• 53:25
  will be an opposite reaction and people start to wake up to how
• 53:28
  crazy things really are getting. But I think you did, you did
• 53:32
  start with the conversation of Tiger Carlson and Mike bands.
• 53:35
  And I think this is just another shining, an example of the power
• 53:39
  of peer-to-peer communications. And it's shown that the powers
• 53:42
  that be have lost control. Hence why they're getting more
• 53:44
  and more desperate and trying to control not only communication
• 53:49
  and censorship on the Internet, but also your capital.
• 53:52
  They're trying to instill as much capital controls as
• 53:55
  possible because like Matt was saying, you know, if they push
• 53:59
  too hard, people are just going to get up and leave.
• 54:01
  And so it's not surprising that they're going to make examples
• 54:04
  of people. It's not surprising that they're
• 54:06
  going to continue to make examples of people.
• 54:08
  And I'm not surprised that they're trying to control
• 54:10
  capital. We've seen this happen.
• 54:11
  We've seen this play out in history many, many times.
• 54:14
  And you know, the powers that be are going to continue to try to
• 54:17
  do this. So it's because everyone knows
• 54:21
  that there is only two votes that really matter and it is
• 54:25
  with your feet and with your pocketbook.
• 54:27
  So once they try to stop you from moving and they try to
• 54:30
  control your capital, you know how desperate things are
• 54:34
  getting. And so it is a really defining
• 54:37
  moment, I think in the history of humanity at large that things
• 54:40
  are heating up because the powers that be are desperate.
• 54:43
  Hence why they are trying to censor information, Hence why
• 54:47
  they're trying to control capital is because they have
• 54:50
  lost that control, or rather are losing that control and people
• 54:53
  are waking up and people are having these conversations and
• 54:56
  people are at at the very least starting to push back against
• 54:59
  their narratives and this is absolutely terrifying them.
• 55:02
  So I'm not surprised that Canada is doing this.
• 55:06
  Let's not forget that Canada is usually a test bed for extremely
• 55:10
  bad ideas. And so like Matt was saying,
• 55:13
  don't be naive out there and thinking that oh, this won't
• 55:16
  happened in the US or this won't happen in my country.
• 55:19
  It just be prepared for this to come to a country near you
• 55:22
  because we know that this has happened before.
• 55:24
  They'll do stuff in Canada and then they'll try to export that
• 55:27
  everywhere else. So if this is happening in in
• 55:29
  Canada, then it's most likely going to happen in the US We are
• 55:34
  seeing it happen in other Western countries already.
• 55:37
  So this is, this is one of those moments where if you have
• 55:41
  studied any amount of history, you know that this was going to
• 55:44
  happen when an empire starts to crumble, when people start to
• 55:48
  lose faith in these institutions, when the
• 55:52
  institutions start to lose their legitimacy, they always do the
• 55:56
  same thing. They try to crack down on people
• 55:58
  having these conversations and they also try to crack down on
• 56:02
  your capitol and basically force you into now it's digital
• 56:06
  slavery, but in the past it would just be just straight up
• 56:08
  slavery and and make you, you know, one of their one of their
• 56:12
  cattle or chattel as the meme goes.
• 56:15
  And so I'm not surprised that this is happening.
• 56:18
  Canada is, I think has a long history of doing extremely bad
• 56:21
  things to their people and the people just being too nice to
• 56:24
  say anything. So I I'm not surprised that this
• 56:28
  is happening. Obviously when you take this in
• 56:31
  the context of everything happening in the world, it it's
• 56:33
  like Maddow he says it's this is exactly, you know, par for the
• 56:38
  course of what empires do when they start to lose that power.
• 56:42
  They clamp down on their citizens And so let's not let's
• 56:45
  not be surprised when this happens everywhere else because
• 56:48
  it's going to happen. They're going to try to clamp
• 56:50
  down on you guys moving freely on your capitol.
• 56:54
  They got to keep you in the in the in the ranch, they got to
• 56:56
  keep you in the cattle. They got to keep you in the
• 56:59
  plantation for lack of better terms because that's where they
• 57:02
  get their power from is by people believing they still have
• 57:06
  legitimacy and controlling human conversations and human movement
• 57:11
  which comes with the control of capital.
• 57:13
  So I'm not surprised but man Canada just absolutely wrecking
• 57:17
  their citizens. It's it's it must be bad being a
• 57:19
  Canadian right now. All right guys, before we get on
• 57:23
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• 58:17
  to the culture. Talk about start 9.
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• 59:35
  So, Matt, I do wanna start. We're gonna talk about START 9,
• 59:40
  the new product you just released.
• 59:41
  But I really enjoyed your why are we bullish with Sessions?
• 59:45
  I think it was last week and in the face of everything we're
• 59:49
  seeing going on in the Bitcoin space, I think it's a good PSAA
• 59:53
  good message to spread to our audience as well.
• 59:56
  So what's your take on everything going on and why are
• 59:59
  you still bullish on Bitcoin? Yeah, thanks.
• 1:00:03
  That was quite the rip I was on one that night got really
• 1:00:06
  heated, like just passionate. So 'cause this was in the midst
• 1:00:11
  of, you know, the Samurai and Phoenix announcements.
• 1:00:16
  So first of all, you know, that was a session called Why Are we
• 1:00:19
  Bullish? And so I was bringing up these
• 1:00:21
  horrible things as a means of being bullish for two reasons,
• 1:00:25
  really. One is because they are entirely
• 1:00:29
  predictable and expected, right? So when you're fighting a battle
• 1:00:34
  and your opponent does something that you expected them to do,
• 1:00:39
  regardless of how horrible it is, doesn't mean you should feel
• 1:00:41
  good about it. But you you also shouldn't,
• 1:00:45
  like, be devastated by it, right?
• 1:00:49
  You knew that they were going to do this.
• 1:00:51
  It doesn't mean that when it happens you, you know are happy
• 1:00:54
  about it, but you knew it was coming.
• 1:00:56
  And so it's part of the plan. You you can deal with this.
• 1:01:01
  I personally, and maybe others didn't see this coming.
• 1:01:04
  I did. I I couldn't imagine a future
• 1:01:07
  where Samurai was going to continue being able to do what
• 1:01:10
  they had been doing. It just doesn't make sense in my
• 1:01:14
  understanding of how the government's function.
• 1:01:18
  You know, Samurai's argument rightfully was that this was
• 1:01:22
  legal. What they were doing was within
• 1:01:23
  the law. And so therefore they can do it.
• 1:01:26
  And my response to that is like, yeah, but laws are just made by
• 1:01:29
  the same people that enforce them.
• 1:01:31
  Like, they're just going to change the law.
• 1:01:33
  They're going to change the interpretation of the law.
• 1:01:35
  And yes, while that there's easier said than done, because
• 1:01:40
  hopefully there's still some semblance of like a judicial
• 1:01:44
  system and courts have authority that actually matters.
• 1:01:48
  But as you know, the centralization of power
• 1:01:52
  progresses, that type of stuff matters less and less, right?
• 1:01:56
  Eventually, the centralization force results in dictatorship.
• 1:02:00
  That is the end game of all sort of government.
• 1:02:04
  Evolution is dictatorship, at which point courts don't matter
• 1:02:08
  at all, right? A person and that person's
• 1:02:10
  entourage can essentially just change laws on a Women enforce
• 1:02:13
  those laws arbitrarily. And that is the inevitable kind
• 1:02:17
  of conclusion of every one of these stories throughout
• 1:02:21
  history. And often times they don't make
• 1:02:23
  it that far. They fall apart before then.
• 1:02:25
  But that is the trajectory. And so I'm like, there's no
• 1:02:28
  future where they're just going to keep letting you do this,
• 1:02:31
  right? They'll just change the law.
• 1:02:32
  Even if that's not legal to do, who cares?
• 1:02:34
  They'll change that law. The law that made it illegal to
• 1:02:36
  change the law will be changed, right?
• 1:02:38
  So at some point, if you're doing something that is
• 1:02:40
  distasteful to the existing power elite, the incumbents,
• 1:02:47
  you're not going to keep getting away with it.
• 1:02:49
  At some point you are either going to have to defend
• 1:02:51
  yourself, right? You're going to have to take a
• 1:02:53
  stand and fight back, or you're going to have to stop doing it.
• 1:02:59
  That could mean continuing to do it from a different location,
• 1:03:03
  which is a form of defense, right?
• 1:03:05
  That is a legitimate form of defense.
• 1:03:07
  So I would actually put that in the first category.
• 1:03:09
  So really you have two choices. If you're doing something
• 1:03:12
  distasteful, whether it's illegal or illegal, eventually
• 1:03:15
  you will have two choices. You will either stop doing it
• 1:03:18
  completely or you will defend your right to do it effectively.
• 1:03:25
  And so that was sort of the PSA that I put out was to anybody
• 1:03:29
  out there, myself included, who is doing something that will
• 1:03:32
  eventually and is currently will eventually be distasteful to
• 1:03:36
  incumbents. You better be prepared to do one
• 1:03:38
  of those things, either stop doing it or fight back.
• 1:03:41
  And by fight back, I don't mean violence necessarily.
• 1:03:43
  I just mean effective defense, right?
• 1:03:45
  The ability to defend yourself through hiding, running,
• 1:03:49
  fighting, whatever it happens to be.
• 1:03:53
  And there's various categories here, right?
• 1:03:58
  Like what Samurai was doing was blatantly sort of antagonistic
• 1:04:02
  towards the incumbent powers, right?
• 1:04:05
  They were like openly advertising, like come to our
• 1:04:08
  servers. And here you can mix money in
• 1:04:12
  order to, you know, evade surveillance, which is a
• 1:04:15
  wonderful thing. It's privacy, right?
• 1:04:17
  Financial privacy. We all deserve that.
• 1:04:18
  In my opinion. It's a human right, but it is
• 1:04:21
  blatantly against what the government wants and they were
• 1:04:24
  thumbing their their noses in it as well.
• 1:04:27
  And so it kind of added up to me that this happened, right, Like
• 1:04:30
  you got to make an example of somebody you got to, you know,
• 1:04:32
  whether it was legal what the government did to Samurai or not
• 1:04:35
  is kind of, it's not irrelevant. It's just not the most important
• 1:04:40
  consideration. The most important
• 1:04:42
  consideration, actually is a, you know, a Pirates of the
• 1:04:45
  Caribbean meme that I posted from the start.
• 1:04:47
  Nine account after this happened, which is the only
• 1:04:49
  rules that really matter, are these what a man can do and what
• 1:04:53
  a man can't do. That's ultimately what lies
• 1:04:56
  beneath the veil of all human society and legal structures is
• 1:05:01
  force. It is can they do this?
• 1:05:05
  If the answer is yes, you've lost.
• 1:05:08
  If the answer is no, you've won. Doesn't matter.
• 1:05:11
  You can lean on, you know, nuance of law and loopholes and
• 1:05:16
  court battles all you want, but at the end of the day, if they
• 1:05:19
  can do it legally or illegally, it doesn't matter.
• 1:05:22
  It doesn't matter if you're in the right, you'll just dye a
• 1:05:23
  martyr at that point. But you're still going to die.
• 1:05:25
  And by die, I don't necessarily mean like life die.
• 1:05:27
  You're just you're out of business.
• 1:05:28
  They're going to shut you down. So there's your summary of what
• 1:05:34
  I spoke about on on why are we bullish with with Sessions was
• 1:05:39
  you know these events were expected and if you're not
• 1:05:43
  expecting them, you should expect them, which means you
• 1:05:45
  should prepare for them, which means get your defenses in order
• 1:05:50
  and get your escape route in order.
• 1:05:52
  Love it, Matt. Great, great.
• 1:05:53
  I think it was a a great bow tie to the conversation we had
• 1:05:56
  before before we talk about what you're building as a tool for
• 1:05:59
  some of that defense and of course we're over at start 9.
• 1:06:02
  So I don't know if you want to give again another little TLDR
• 1:06:07
  of what you're building with start nine and then we can talk
• 1:06:09
  about your latest feature drop which is absolutely sexy.
• 1:06:13
  So I guess Matt, what is start nine and then we'll talk about
• 1:06:16
  your latest product release. Start 9 is actually a pretty
• 1:06:22
  boring company in that we sell commodity style mini PCs with an
• 1:06:29
  operating system pre installed and then we warranty and provide
• 1:06:33
  great customer support for that product.
• 1:06:36
  That's Start 9, the operating system that comes pre installed
• 1:06:40
  on these devices that we sell is the interesting part of what we
• 1:06:44
  do. And I say we loosely because
• 1:06:46
  start OS, the operating system is an MIT based open source
• 1:06:49
  operating system. Start nine has zero claim to it.
• 1:06:55
  We spend the majority of our time and money as individuals
• 1:07:01
  working on Start OS because it's the interesting thing that makes
• 1:07:05
  you know all these these cool features and defenses possible
• 1:07:08
  for people. But it is not owned in any way
• 1:07:11
  by Start 9 so it's effectively a donation.
• 1:07:15
  So Start OS comes pre installed on these devices and with Start
• 1:07:19
  OSA normal person is now capable of running a personal server.
• 1:07:25
  And why would you want to run a personal server?
• 1:07:27
  Because it allows you to effectively exist on the
• 1:07:30
  Internet and to use computers in such a way that no third
• 1:07:37
  parties, trusted or otherwise, that no third parties are part
• 1:07:42
  of your experience, that you are self-contained and independent
• 1:07:47
  in the digital realm. For example, if I want to text
• 1:07:51
  message my wife, I opened up my phone which is a Pixel 8 running
• 1:07:56
  Graphene. I highly recommend it.
• 1:07:59
  If I want to text message my wife, I pick up my phone, I send
• 1:08:02
  a text just like I would if I was using any other system.
• 1:08:06
  It's super straightforward and convenient.
• 1:08:09
  But that text message goes from my phone where it is encrypted
• 1:08:12
  on. The device is then onion routed
• 1:08:16
  around the darknet, the Tor network where it lands on a
• 1:08:20
  server in my home which is sitting right next to me here.
• 1:08:23
  The message then resides on the server and is relayed to my
• 1:08:27
  wife's phone again over the darknet, fully encrypted, lands
• 1:08:31
  at her phone where it is decrypted and she can read the
• 1:08:33
  message and we text back and forth.
• 1:08:36
  Obviously the experience of this is hi hi, it's just text
• 1:08:40
  messaging, but the messages are end to end, encrypted, onion
• 1:08:44
  routed and stored on a device that's in my living room that
• 1:08:47
  nobody on earth, including my ISP, the government and anybody
• 1:08:51
  else has any access to. So it is provably, completely
• 1:08:57
  trustlessly private messaging. Nobody even knows the
• 1:09:00
  conversation is taking place, let alone has the ability to
• 1:09:04
  Snoop on it or, you know, store it or use it to get use use it
• 1:09:08
  for advertising purposes, or whatever.
• 1:09:09
  It's just me and my wife talking from any place on earth to any
• 1:09:12
  other place on earth as though we were in a basement in a
• 1:09:16
  Faraday cage, whispering in each other's ears.
• 1:09:18
  That's the degree of privacy that our computing paradigm
• 1:09:22
  affords. Now you can apply that to pretty
• 1:09:24
  much any computing experience. It's not just text messaging,
• 1:09:28
  right? You can do this with photo
• 1:09:29
  sharing, data, password management, video calls, right?
• 1:09:34
  I do conference calls like video calls like this, sitting in
• 1:09:37
  front of a computer, talking with multiple people in a
• 1:09:40
  conference call, and all the electrical signals are going
• 1:09:43
  from everybody's device through a server that I alone control,
• 1:09:47
  fully encrypted. And so nobody on earth knows
• 1:09:49
  that conference call is taking place, nobody can read that
• 1:09:52
  conference call, and it's free for life because there's no
• 1:09:54
  third party service provider to charge me.
• 1:09:56
  It's all being run through my own infrastructure.
• 1:09:58
  And all of this has always been possible, but it's always been
• 1:10:02
  really, really difficult. You had to be a super geek to be
• 1:10:06
  able to set up the kind of computing infrastructure
• 1:10:10
  necessary to achieve what I just described.
• 1:10:15
  Not only did you have to be a super geek, but you had to have
• 1:10:17
  a lot of time on your hands. It was it was a very time
• 1:10:20
  consuming, frustrating endeavor even for the people who are
• 1:10:24
  technically competent enough to pull it off.
• 1:10:28
  So what start OS does the open source operating system is?
• 1:10:32
  It makes administering a server and setting up the kind of
• 1:10:35
  infrastructure necessary to use computers in the way that I
• 1:10:39
  described inherently private and self hosted.
• 1:10:41
  It makes it easy. I don't want to oversell it and
• 1:10:45
  say that any old grandma down the street can do this.
• 1:10:49
  Our level of technical competency that we cite as being
• 1:10:53
  necessary to to use Start OS effectively is that you feel
• 1:10:58
  comfortable as an individual going into your settings menu on
• 1:11:04
  your MacBook or on your Android or iPhone device and making
• 1:11:08
  changes. Like do you feel comfortable
• 1:11:11
  going into the settings and clicking buttons and making
• 1:11:14
  changes? And if you don't understand
• 1:11:17
  something, going to Google and being like hey, how do I change
• 1:11:20
  the light mode on my MacBook from dark mode?
• 1:11:23
  Can I do that? If you feel competent enough to
• 1:11:26
  change settings and go to Google and look things up every once in
• 1:11:28
  a while you can run a Start 9 server that runs start OS and
• 1:11:32
  use it to completely eliminate. Google.
• 1:11:36
  Apple, Microsoft, Amazon, all these cloud service providers,
• 1:11:40
  all these SAS companies, you can just eliminate them from your
• 1:11:43
  life, effectively opting out of this grid that has become quite
• 1:11:51
  diseased. You know, the Internet is a
• 1:11:53
  very, very dirty place. And you can.
• 1:11:56
  You don't have to live there. You don't.
• 1:11:57
  You can get out, You can run your own computing
• 1:12:00
  infrastructure. We're on your own private
• 1:12:01
  clouds. And since we're on simply
• 1:12:03
  Bitcoin, I should. I would be horribly remiss if I
• 1:12:06
  didn't mention one of the primary use cases that people
• 1:12:09
  buy a server for or set up their own server is to run a Bitcoin
• 1:12:13
  node and a lightning node so that they can exist on and
• 1:12:18
  participate in the Bitcoin and lightning networks.
• 1:12:22
  As a sovereign entity you are not using some third party
• 1:12:27
  wallet providers node to send and receive transactions and
• 1:12:30
  validate transactions. You are not using some LSP or
• 1:12:35
  partial custodian or intermediary to send and receive
• 1:12:39
  transactions on the lightning network.
• 1:12:41
  You exist on these networks as an independent you don't need
• 1:12:46
  any permission, no terms and conditions, no possibility of
• 1:12:50
  censorship 0 custodianship. You and you alone control your
• 1:12:55
  finances and the ability to send them to anyone, anywhere in the
• 1:12:58
  world at any time that you want, forever.
• 1:13:01
  You can only achieve that degree of power, independence,
• 1:13:04
  sovereignty if you're running your own server.
• 1:13:07
  There is no magic loophole. And everyone's been looking for
• 1:13:09
  the magic loophole for years and years and years.
• 1:13:12
  Everyone's been platform hopping.
• 1:13:14
  Oh you know, WhatsApp is compromised.
• 1:13:18
  Let's move to signal Signals compromised.
• 1:13:21
  Let's move to Telegram. Stop platform hopping.
• 1:13:24
  Stop using platforms. Be your own platform.
• 1:13:27
  Take the infrastructure in house.
• 1:13:28
  We've made it easy enough for you to achieve.
• 1:13:32
  It's getting easier by the day. Many people will attest to that.
• 1:13:35
  We have thousands and thousands of users all over the world
• 1:13:38
  running start OS servers effectively and opting out of
• 1:13:42
  this grid. And so it can be done.
• 1:13:45
  It should be done. And if enough people do it, it's
• 1:13:47
  going to cause some serious consequences, right?
• 1:13:51
  Like. I'll hold off.
• 1:13:54
  In case there's any response to what I just said, but I actually
• 1:13:56
  do have like a corollary that I might want to get into there if
• 1:13:59
  there's no immediate questions. Yeah, I mean, I I I can attest
• 1:14:03
  to that. Just the like the ease of use.
• 1:14:07
  And I, I, I, I I gotta say like you know I I didn't fully
• 1:14:11
  appreciate it until I got it running and I got connected it.
• 1:14:17
  I connected it with my Bitcoin node remotely and then then that
• 1:14:23
  kind of went. I started going down the rabbit
• 1:14:25
  hole of, you know, all the other applications that are on there,
• 1:14:30
  right? Like the locally hosted mempool
• 1:14:33
  space. Like, that is awesome, 'cause if
• 1:14:35
  not, like think about it every time you want to check, like you
• 1:14:39
  sent a transaction or whatever. Like, yeah, you might be running
• 1:14:42
  your own Bitcoin node, but every time you go to
• 1:14:45
  youknowblockstream.info or, you know, mempool dot space or
• 1:14:51
  whatever, you're essentially doxing your IP address looking
• 1:14:55
  for that address. And it just, it doesn't take a
• 1:14:57
  rocket scientist to be like, OK, I could probably have a pretty
• 1:15:01
  good idea that this address belongs to this IP address
• 1:15:04
  because of why else would they be looking for it, right?
• 1:15:08
  So you know, the fact that you can do that locally on your own
• 1:15:11
  machine is a big deal in my opinion.
• 1:15:15
  The fact that you can connect to it, you know, anywhere around
• 1:15:18
  the world via Tor, I've done this in multiple countries is a
• 1:15:23
  big deal in my opinion. And all the other you know
• 1:15:27
  capabilities and applications that are going to be added to
• 1:15:30
  it. You know, as time goes by, I'm
• 1:15:33
  incredibly bullish on on sovereign computing.
• 1:15:35
  I see the vision, I see it and I can't recommend it.
• 1:15:40
  Enough guys. Like try this.
• 1:15:42
  You're gonna, you're gonna wanna you're gonna wanna run your own
• 1:15:43
  Bitcoin node anyway. So the fact that it has all
• 1:15:46
  these, all this extra capability I think is a is a big deal as
• 1:15:50
  well. So I I see that Opti has, yeah,
• 1:15:53
  let's. Talk to Server 1/20/24 edition.
• 1:15:56
  I'll pull it up. Yeah.
• 1:15:58
  So there's a new one that you guys just released, right Matt?
• 1:16:01
  Yep. Yeah, that's the one.
• 1:16:04
  So could you, could you tell the audience a little bit about, you
• 1:16:07
  know what is the server one? I I I think I, I, I, I, I I
• 1:16:11
  telegrammed you when you when you dropped.
• 1:16:13
  I'm like dude, this is crazy. So could you talk a little bit
• 1:16:17
  about what the difference is? You guys have two right now.
• 1:16:20
  The server pier is the one. I personally have been loving
• 1:16:23
  it. I think I got one of the first
• 1:16:24
  editions and then the server one.
• 1:16:26
  There's a new computing the guy, the computing device that you
• 1:16:30
  guys released at start nine. What is the difference between
• 1:16:33
  the server one and the server pier?
• 1:16:37
  Yeah, great. So the server one, we just
• 1:16:39
  launched the, I should say the Server 1/20/24, right.
• 1:16:43
  So we have the server one and then it has a model year.
• 1:16:45
  So the 2023 we ran out of stock. We now have the 2020 fours in
• 1:16:50
  stock. 2020 fours are significantly more powerful than
• 1:16:53
  the 2020 ones. Or sorry the 2020 threes.
• 1:16:57
  It has a Ryzen 75825 U chip which has an incredibly high
• 1:17:01
  benchmark of like you know 16,000 if you go to the CPU
• 1:17:04
  benchmarks website. So it's super powerful.
• 1:17:07
  We offered in up to 32 gigs of RAM, 4 terabyte NDMESSDS.
• 1:17:13
  So it is a extremely capable, powerful computer capable of
• 1:17:16
  running every single service on the marketplace with room to
• 1:17:21
  spare. With plenty of room to spare in
• 1:17:23
  fact. So it is future proofed and
• 1:17:26
  immediately, you know, super efficient and powerful and
• 1:17:29
  backed by us. So we warranty it, we support
• 1:17:32
  the hardware, we support the operating system, we support
• 1:17:36
  many but not all of the services that are capable of being
• 1:17:40
  installed onto the operating system as well.
• 1:17:42
  So we really are start 9 really is your sort of like helping
• 1:17:46
  hand Technical Support team and insurance that this is going to
• 1:17:51
  work for you and that you're going to get the help that you
• 1:17:53
  need. And that is really the reason to
• 1:17:56
  buy from us is you're going to get this plug and play
• 1:17:59
  experience, You take it out of a nice box, you plug it in, it
• 1:18:03
  just works. You reach out to us if you have
• 1:18:05
  any issues, we're here to help. That's why people buy from us.
• 1:18:09
  You can go buy your own mini PC and probably save a few bucks.
• 1:18:15
  Flash Start OS to it for free because start OS is just an MIT
• 1:18:19
  licensed Linux distro. Flash it to the hardware and DIY
• 1:18:23
  and we have a wonderful guide for setting that up.
• 1:18:25
  And we encourage people to do that, especially people outside
• 1:18:29
  of the US because international shipping costs and customs fees
• 1:18:33
  can be hefty. So we have a lot of
• 1:18:35
  international people who just go get a computer locally and flash
• 1:18:38
  start OS to it and we super encourage this.
• 1:18:41
  And if you're happy and satisfied, please, you know,
• 1:18:42
  throw the project a donation. We are an open source project,
• 1:18:45
  we don't own the software at all, but the server one is an
• 1:18:50
  awesome device. It's super powerful.
• 1:18:52
  It'll get the job done. Now, as that relates to the
• 1:18:55
  server Pure, the server pure is a unique device that is much
• 1:18:59
  more difficult for someone to set up themselves because the
• 1:19:04
  server Pure, as the name implies, is pure through the
• 1:19:09
  entire software stack. It has no closed source software
• 1:19:15
  anywhere, all the way down through firmware.
• 1:19:17
  So the server pure implements Core Boot firmware, right?
• 1:19:21
  Core Boot is go look it up is a fully open source firmware that
• 1:19:26
  has no closed source drivers at all.
• 1:19:29
  There's nothing on the device that requires even a single
• 1:19:32
  closed source BLOB of software to operate it.
• 1:19:34
  So you can sort of rest assured that the device is not doing
• 1:19:38
  anything that it shouldn't be. It's not sending some signal out
• 1:19:41
  to, you know, the overlords when you're not looking.
• 1:19:45
  Furthermore, the server pier does something that's extremely
• 1:19:48
  rare in the world of computing, which is that it disables in
• 1:19:52
  firmware. Intel's Management Engine.
• 1:19:55
  This is sort of the known backdoor that Intel has into
• 1:20:02
  pretty much every device on earth that's using an Intel chip
• 1:20:06
  and. How is that backdoor being used?
• 1:20:09
  Is it being used? These are all very weird
• 1:20:11
  questions that you're not really allowed to ask if you go looking
• 1:20:14
  on Google. It's nobody really knows.
• 1:20:16
  And that's kind of the point is nobody really knows what this
• 1:20:19
  thing is doing and why they are so insistent on keeping it on
• 1:20:23
  every chip. We have managed to build a
• 1:20:28
  device that runs core boot firmware and provably disables
• 1:20:32
  Intel's Management Engine in firmware and the device is very
• 1:20:37
  powerful like the server one, capable of running every service
• 1:20:41
  on the marketplace with room to spare.
• 1:20:44
  So that is why the higher price point of the server pure is
• 1:20:46
  because it has this open software stack that is not easy
• 1:20:50
  to achieve. A lot of work went into making
• 1:20:52
  that possible and so that is the reason for the higher prices,
• 1:20:55
  because we need to fund development of really awesome
• 1:20:58
  freedom technology like this. And some people care, other
• 1:21:02
  people don't. Some people are perfectly fine
• 1:21:04
  running the server one. It's super powerful and it may
• 1:21:08
  or may not have some deep rooted closed source BLOB of software.
• 1:21:14
  That's a back door to Intel deep in the software stack.
• 1:21:17
  We at start 9 have no control over that.
• 1:21:20
  If you're using a computer, a laptop, a cell phone, a mini PC,
• 1:21:25
  it all has that same vulnerability.
• 1:21:27
  This is not like it's something unique to the server one.
• 1:21:30
  Every computer on earth has closed source software somewhere
• 1:21:35
  in the firmware and at the driver level, every single one
• 1:21:38
  of them that you buy off the shelf.
• 1:21:39
  It is very difficult to get a computer to not have those
• 1:21:43
  things. And that's what the server pier
• 1:21:45
  has, is it doesn't have any of that closed source stuff.
• 1:21:50
  Yeah. And it must have been
• 1:21:50
  incredibly, incredibly difficult to, you know, to to get the
• 1:21:55
  Intel Management Engine off of it, I'm assuming, right?
• 1:22:00
  There is a group of people, wonderful people on the Internet
• 1:22:04
  and in the open source software world, who work on stuff like
• 1:22:07
  this, and we are riding on their coattails, right?
• 1:22:11
  We are we. We have looked up what they have
• 1:22:13
  discovered and we may need to tweak it for our own use cases
• 1:22:17
  because every motherboard is different, every version of
• 1:22:22
  Intel chip is different. Like the literal bite of code
• 1:22:27
  that enables or disables Intel's Management Engine is like
• 1:22:31
  something that has to be found by literally scanning byte code
• 1:22:36
  and like trying different ones to see which one disables it.
• 1:22:39
  Like Intel doesn't tell you how to disable this shit.
• 1:22:42
  And so if somebody goes out and they figure it out and then they
• 1:22:45
  publish it and they're like, hey everyone, I I cracked the Intel
• 1:22:48
  I7 whatever model and now anyone using that chip and board
• 1:22:52
  because the board matters too, can now use their work.
• 1:22:56
  So we are not inventing this, we are just tweaking it to our own
• 1:23:01
  use case. But it's still just work.
• 1:23:03
  It's not easy to do. Man, and and that's first of
• 1:23:07
  all, it's the power of the Internet, right.
• 1:23:09
  The power of you know, people coming together, open source
• 1:23:12
  software. It's so incredibly important.
• 1:23:14
  I can't emphasize enough guys like this is one of the tools
• 1:23:18
  that you can add to your arsenal in becoming a true sovereign
• 1:23:24
  individual. Right.
• 1:23:25
  So first step, taking Bitcoin itself, self custody.
• 1:23:27
  I always say that second step, running your own Bitcoin node.
• 1:23:31
  I think the third step that I'm coining this today, I don't
• 1:23:34
  think I've ever said this before is, you know, getting your own
• 1:23:38
  sovereign computer, right. I think that's the third step so
• 1:23:42
  that you don't have to rely on someone else's.
• 1:23:46
  And I was scanning through the apps and I believe right not
• 1:23:49
  only is there kind of like a, you know like a password
• 1:23:54
  managers, there's, there's cloud, it's not cloud storage,
• 1:23:58
  it's your own cloud, all right. So your own cloud storage
• 1:24:04
  solutions, but there's also a private messenger as well as one
• 1:24:08
  of the applications that is that is being offered.
• 1:24:12
  So there's so many different use cases that I'm incredibly
• 1:24:15
  excited about. And also Matt, I know we've been
• 1:24:18
  talking about this for a couple months.
• 1:24:21
  You guys are going to be offering clear net also as well
• 1:24:25
  as as Tor? Yeah, we have some wonderful
• 1:24:29
  things coming and we've been saying that for a minute, right?
• 1:24:31
  Like, this is this is hard. What we're doing is, is hard
• 1:24:34
  stuff. You know?
• 1:24:35
  My my history as a developer is in application development.
• 1:24:38
  Like super high level stuff, you know, like TypeScript and HTML,
• 1:24:42
  like building mobile apps and web apps and stuff like that.
• 1:24:45
  And even writing, you know, server side software and Node or
• 1:24:48
  Ruby is actually where I cut my teeth.
• 1:24:50
  That's all like really easy shit.
• 1:24:51
  It's, you know, it's, it's high level development, right?
• 1:24:55
  Most modern developers are basically like frankensteining
• 1:24:58
  stuff. They're like taking this thing
• 1:25:00
  that exists over here and putting it and then taking that
• 1:25:02
  thing and putting it and then making it work for you.
• 1:25:04
  It's basically just reusing things that have already been
• 1:25:08
  invented and combining them in different ways, which I don't
• 1:25:10
  want to you know undersell. It's still difficult but it's
• 1:25:13
  not like gritty low level computer science stuff right.
• 1:25:17
  That is necessary for developing an operating system.
• 1:25:21
  Start OS is a low level Linux based operating system and we
• 1:25:25
  are interfacing with hardware and firmware and and it's, you
• 1:25:30
  know, we're doing it in a novel way and so it just takes a
• 1:25:33
  while, right? Like we're paving new ground
• 1:25:35
  here. Nobody's ever really tried to do
• 1:25:37
  what we're trying to do And so we've made mistakes, right.
• 1:25:40
  We have at this point rewritten, not updated or edited, but we
• 1:25:45
  have rewritten Start OS from scratch three Times Now.
• 1:25:50
  And the reason we did that was because, you know, we wrote the
• 1:25:53
  first one and it worked. But then we realized that we had
• 1:25:55
  the wrong architecture, we had fundamentally the wrong
• 1:25:58
  abstractions, and that it wasn't going to scale in feature set in
• 1:26:05
  the way that we needed it to, to be ultimately grammar friendly,
• 1:26:08
  right. Our goal is to have this thing
• 1:26:10
  be usable by anyone. So we were like, all right,
• 1:26:12
  well, we got it wrong, let's redo it.
• 1:26:14
  And so we rewrote it and it was way better and way more feature
• 1:26:19
  full and extensible. And then we were like crap.
• 1:26:23
  It still doesn't have the right abstractions, in large part
• 1:26:26
  because we were leaning too much on existing technologies to
• 1:26:31
  handle a lot of the low level functionality, namely Docker and
• 1:26:38
  Avahi. Docker and Avahi.
• 1:26:41
  Avahi is an MDNS component library that allows you to do,
• 1:26:47
  like you know, dot local URLs and alias them and to use SNI
• 1:26:53
  for host name resolution and all the rest behind the scenes.
• 1:26:57
  And Docker is a, you know, container runtime solution that
• 1:27:02
  is widely deployed throughout individual and corporate world.
• 1:27:07
  And we were thought that because these things were so like, you
• 1:27:11
  know, established and widely used that we could, you know,
• 1:27:15
  sort of grab them and use them. And as it turns out, they're
• 1:27:18
  both pieces of shit software. Docker is a pile of shit and it
• 1:27:23
  needs to die. And so is Avahi.
• 1:27:27
  And what we did was we had to start looking for alternatives.
• 1:27:30
  And then you find out that, well, there's this alternative
• 1:27:33
  to Docker runtime called POD Man.
• 1:27:35
  All right, so POD Man supposed to be, you know, more reliable
• 1:27:38
  and you can use it, you know, in a more kind of customizable way.
• 1:27:42
  So let's switch to POD Man for our container runtime.
• 1:27:45
  And turns out POD Man's pile of ship too.
• 1:27:49
  So now we've done this RE architecture and and and so
• 1:27:54
  finally what we did was we just decided that those who came
• 1:27:57
  before us, we can learn from them, but they are not
• 1:28:00
  necessarily better or smarter than us.
• 1:28:01
  So we should probably just come up with something on our own and
• 1:28:04
  that works better. And so that is what is coming
• 1:28:06
  and that's what we've been working on is this totally novel
• 1:28:10
  approach to container runtime technology like basically
• 1:28:14
  running containers on a Linux operating system in a reliable,
• 1:28:17
  customizable and efficient way. And if you are curious about
• 1:28:22
  what our strategy is, you can watch Aiden McClelland.
• 1:28:26
  He is my Co founder and CTO. He gave a talk on our strategy
• 1:28:30
  at Fostem over in Brussels a couple of months ago and that is
• 1:28:33
  what's coming in O36. So start OSO 36 which is now in
• 1:28:37
  testing. It is running, it works.
• 1:28:39
  It's in testing touts a new container runtime strategy based
• 1:28:44
  on Linux native containers, LXC containers that are multi image
• 1:28:48
  based. This is probably too much in the
• 1:28:50
  weeds for a lot of listeners here, but some people might
• 1:28:53
  appreciate it. So that's why I'm going this
• 1:28:55
  far, but I'll back off. OK, so it is a LXC container
• 1:28:58
  with multi image support which effectively replaces Docker
• 1:29:03
  Compose where you can take multiple pieces of software and
• 1:29:07
  orchestrate them together whereas Docker compose takes
• 1:29:10
  multiple containers and orchestrates them.
• 1:29:14
  Our approach is a single container orchestrating multiple
• 1:29:16
  images inside of it using Linux native containers which are the
• 1:29:20
  most kind of customizable and gritty container management
• 1:29:23
  system that we have. So anyway, that's our approach,
• 1:29:26
  that's why it's taking so long. We get asked Win O36 daily which
• 1:29:30
  is why I'm spending a minute to explain why it's taking so long.
• 1:29:34
  Now the things that people care about right really quickly, why
• 1:29:37
  are we doing all of this? Like what is the actual user
• 1:29:39
  experience benefit that comes about as a result of these
• 1:29:42
  changes #1 speed and reliability.
• 1:29:47
  Your start OS is already more reliable, like it has better
• 1:29:51
  uptime guarantees and reliability than every other
• 1:29:54
  kind of plug and play, you know, server type of solution.
• 1:29:58
  And we have tons of anecdotal evidence from users who have
• 1:30:01
  tried all the different platforms and been like start OS
• 1:30:04
  is the most stable. It's things don't crash and you
• 1:30:08
  know it just works well. It's about to get a whole lot
• 1:30:11
  better, like a huge step function increased better in O36
• 1:30:14
  in terms of reliability. It's going to be rock solid and
• 1:30:17
  stable. It's going to be quick and
• 1:30:19
  efficient. That's number one.
• 1:30:21
  Number two is that we're, we're ditching Avaya, all this MDNS
• 1:30:25
  aliasing bullshit, we're getting rid of all the dot local URLs
• 1:30:29
  like, oh, I launched my mem pool, you know, UI at this dot
• 1:30:32
  local and I launched my next cloud at that dot local.
• 1:30:35
  Those are going away and they are being replaced with ports on
• 1:30:40
  the primary dot local and IP address.
• 1:30:43
  What this enables is more traditional VPN and clear net
• 1:30:48
  hosting. So in O36 you will be able to
• 1:30:53
  seamlessly easily VPN into your server and all of its services.
• 1:30:57
  So rather than using Tor to connect into your server, which
• 1:31:01
  is currently the only way to reach it while you're outside of
• 1:31:04
  your home, while you're away from the LAN, instead of using
• 1:31:07
  Tor you'll also be able to use Tor.
• 1:31:08
  That's not going away, it's just we're adding a new option.
• 1:31:12
  You will be able to turn AVPN on your phone or laptop and connect
• 1:31:17
  to any service running on your server over using AVPN, which
• 1:31:20
  will give you clear net speeds and is completely private
• 1:31:24
  because you and you alone have the keys to access your local
• 1:31:27
  area network via VPN. So that's number one.
• 1:31:31
  Number two is clear net support. You will be able to under the
• 1:31:37
  hood. It won't come over the hood
• 1:31:39
  until O four O, but in O36 you will be able to, using SSH, set
• 1:31:44
  up clear net on your server. This means you will be able to
• 1:31:47
  selectively choose certain interfaces of certain services
• 1:31:52
  to host on clear net domains that you control.
• 1:31:55
  For example, let's say I installed Ghost which is a
• 1:31:59
  blogging platform similar to medium except self hosted.
• 1:32:02
  So I installed Ghost on my server and I want my blog to be
• 1:32:06
  available not only on a tour URL for censorship resistance, but I
• 1:32:10
  also want it to be available at blog dot Matt hill dot dev.
• 1:32:15
  OK, which is a domain I control right?
• 1:32:17
  I have Matt hill dot dev so if I want blog dot Matt hill dot dev
• 1:32:20
  to be available to serve my blog, I can do that very, very
• 1:32:26
  simply. Starting in O36 on start, OSI
• 1:32:28
  will be able to go into the settings, make a few changes and
• 1:32:31
  click save. And I'll be hosting A blog from
• 1:32:34
  my home. Now there are some immediate
• 1:32:37
  kind of, you know, security and implications of exposing even a
• 1:32:42
  single port on your home network and all of that, all of those
• 1:32:45
  trade-offs and advanced measures to make sure that your network
• 1:32:50
  is secure will be published along with this feature so that
• 1:32:53
  people understand exactly what the trade-offs are, right?
• 1:32:57
  Hosting on clear net not always a good idea for every service on
• 1:33:01
  your system because it opens you up to denial of service attacks.
• 1:33:04
  It is no longer private, right? Like any authority would know
• 1:33:11
  that that is your blog, right? Like if I host my blog on a
• 1:33:13
  domain that I control, I've doxed myself, so that's fine.
• 1:33:17
  A lot of people don't care. They actually want to be dox.
• 1:33:19
  They want to be known. They're like, this is Matt's
• 1:33:21
  blog, It's not a secret. Other people who want to remain
• 1:33:24
  Nims need to take more advanced measures to remain private and
• 1:33:29
  anonymous, or not private but anonymous in their hosting
• 1:33:33
  strategies, and we will have guides for how you can do that
• 1:33:35
  so. Yeah, it's all coming, dude.
• 1:33:38
  I am. I'm so excited.
• 1:33:39
  I'm so hyped. You know with what Start Nine is
• 1:33:43
  doing it doing over there always have been, always been a
• 1:33:47
  supporter of of Matt and the incredible, the incredible
• 1:33:52
  project that is Start 9. The hardware and the software
• 1:33:56
  and guys go go check it out. start9.com you can use, you can
• 1:34:00
  use promo code simply Bitcoin and get I think 9% off.
• 1:34:04
  And I'm incredibly excited about not only the software updates
• 1:34:08
  but the hardware updates to come.
• 1:34:11
  Every time I interact with Matt I always think about the meme
• 1:34:14
  from Futurama which is just, you know, take my money.
• 1:34:18
  So anyways, Matt, it's been an honor to have you on Simply
• 1:34:23
  Bitcoin Live. We appreciate you and thank you
• 1:34:25
  for coming on today. Always an honor to be on, Nico.
• 1:34:29
  Appreciate you Matt great show here thanks man guys if you if
• 1:34:33
  you if you enjoyed the show you know what to do smash the like
• 1:34:35
  button consider subscribing. If you feel like we provided you
• 1:34:38
  value go check out our guests project start 9.
• 1:34:41
  Go follow him on Twitter at Matt Hill under score I believe.
• 1:34:44
  And guys, if you enjoyed the show, you know to do smash the
• 1:34:47
  like button, consider subscribing.
• 1:34:48
  And of course, the number one thing you could do to help push
• 1:34:51
  the peaceful Bitcoin revolution is not only share Bitcoin media,
• 1:34:54
  right? Projects like start nine.
• 1:34:56
  They play a very important role in the separation of money and
• 1:34:59
  state, the the disintermediation, the rise of
• 1:35:02
  sovereign individuals. So check it out anyways.
• 1:35:05
  Love you all. We'll be back tomorrow for brand
• 1:35:06
  new episode of Simply Bitcoin. Live episode was brought to you
• 1:35:12
  by bitcoinwell.com on a mission to enable independence.