Latest / Simply Bitcoin / Nayib Bukele: El Salvador to BUY Bitcoin Everyday | EP 620

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Nayib Bukele: El Salvador to BUY Bitcoin Everyday | EP 620 · Simply Bitcoin

0:17
Yo today is November 17. 2022. Welcome to Simply Bitcoin live
0:21
your number one source for this peaceful Bitcoin Revolution
0:24
recover, breaking news, called traumatic Warfare.
0:26
We will be your guide through the separation of money and stay
0:29
today's going to be a very special show.
0:31
Not a bouquet like, doubles down.
0:33
I guess, you know, we always say, right?
0:36
You always have to pay your price of tuition the first time,
0:39
right? Everyone, what tends to happen
0:42
is everyone Apes in, and then they get humbled by Bitcoin.
0:45
And then they start to realize, you know, maybe dollar cost
0:48
averaging isn't such a bad idea. But what makes this day historic
0:52
is that it's just not an individual, it's not just the
0:54
everyday pleb. That's figuring this out.
0:57
It's the president of a goddamn country that's doing this.
1:00
So extremely bullish. We're going to get into the
1:02
details of that. And also the news that I haven't
1:05
seen that many people talk about but they should.
1:08
The Federal Reserve is finally launching their Central Bank,
1:12
digital currency pilot and there's a good amount Out of
1:16
large American banks that are going along for the ride as
1:19
well. But anyways, we also have a very
1:21
special guest. We're going to talk about that
1:23
during the culture William semi saggy and he is the CEO of such
1:28
as mining. How you doing, bro?
1:30
I'm doing great. Thanks for having me on, happy
1:32
to have you on the show. And of course, my legendary
1:34
co-host, always optimistic, Optimus Fields.
1:37
How you doing, bro? Well, you know, another day in
1:41
paradise, and another day of making Bitcoin content.
1:44
So, Nothing's gravy over here Nico.
1:48
You know, this morning, I was bumping.
1:49
The music got my coffee in so we're good to go, bro.
1:52
And to your point man seeing buchelli doubled down and DCA.
1:57
One Bitcoin a day. I'm at I wish I had that kind of
2:01
cash laying around, man. Don't we all manage the sailors?
2:07
Say it's funny because it's everyone's going full.
2:10
Djn sailor. You know.
2:12
Selling 500 million dollars worth of stock to buy more
2:14
Bitcoin in the case of el Or he's like we gotta we gotta buy
2:17
more Bitcoin. We got to start stacking.
2:19
So yeah, you know the Bitcoin treats everyone.
2:22
Everyone the same and look you can't avoid it.
2:25
You have to pay your price of tuition the first time.
2:27
That's just how it is. But anyways, let's start the
2:29
show. Let's do this.
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Visit nottle, Dottie you today, All right, everybody at the time
2:59
of recording, the Bitcoin price is sixteen thousand six hundred
3:02
and forty cents per dollar. We're at 6010 block height, were
3:06
at seven hundred sixty three thousand six hundred and two
3:09
blocks to The Happening where it's 76,000 398 having estimate,
3:13
where it April 22nd 2024 total lightning network capacity.
3:17
We're at 5,000 108 Bitcoin, estimated value, 85 million USD
3:23
realized monetary inflation. Bitcoin continues to take Fiat
3:26
currencies to Absolute School. One point seven seven percent
3:30
and market capitalization 319 billion dollars.
3:33
Anyways I got a special treat for you guys.
3:37
Jack mallers was on the Legacy Legacy mainstream media
3:41
yesterday and the host asked him.
3:44
A very interesting question. The ask them what he thought
3:47
about SPF SPF is Sam Bank been freed and he was the CEO of the
3:53
FTX exchange that looks like they rug pulled everybody.
3:56
But tank take a At what Jack says man, his answer matches.
4:01
What that Freudian slip that that that anchor said called him
4:06
what Once Upon a Time Jack Ballers and I think Jack Ballers
4:10
really Came Out Swinging here. Let's check it out and we'll
4:13
talk about it. Like I'm saying, unequivocally
4:17
freed as a crook. I don't I'm not sitting next to
4:22
my lawyer, I don't know what claims I'm allowed to make, but
4:23
you tell me Tyler, what do you think?
4:25
That's not for me to say I'm the question.
4:27
Yeah, I think I think the guy created funny money out of thin
4:30
air, potentially washed it borrowed against it with
4:33
customer funds and lost it all. That's not legal.
4:36
Okay. Cool, well, not cool.
4:38
But you know I'm saying, I just thank you for your answer.
4:41
Freedom fighting tool for our species that's highfalutin
4:44
Revit. Rhetoric, why do you say that?
4:47
Bitcoin gives everyone in the world property rights secured by
4:51
mathematics me Bitcoin. Is the first monetary assets
4:55
that we've been able to engineer with no natural issuer.
4:59
Bitcoin has no liability relationship with anyone else.
5:02
It is a guaranteed fixed protected monetary policy.
5:06
And instrument mean, in order to function, any sort of scalable
5:10
trade, which is underpinned society.
5:13
I grow bananas you sell apples, Tyler.
5:15
We got to find a way to exchange money, is the nucleus of
5:17
functioning human society, and we've been able to a
5:20
breakthrough in computer science and engineering the best version
5:23
of that that is accessible to everyone and Equitable for
5:25
everyone. No one has an advantage, there's
5:28
no issuer. Even Satoshi Nakamoto had to use
5:30
energy to get his or her first Bitcoins, huge deal.
5:34
Huge advancement that was beautiful by Jack Ballers.
5:39
But anyways, it's really interesting and tone, you know,
5:42
take out the political rhetoric, we're not concerned about that
5:45
but it's really interesting how the media protected him.
5:49
And you saw that with the way that that, you know, that TV
5:52
anchor kind of phrase that question but take a look at
5:56
these headlines. This one's from The Washington
5:58
Post. It says FTX collapse.
6:01
Dooms Founders effort to prevent another pandemic.
6:06
Forget about all the money, he stole sandbag before.
6:10
It did Financial system. If favor, what about the people?
6:13
They don't mention that and US politicians donate Bank been
6:17
freed cash to charity, right? So it dude like it's very
6:22
interesting how the media runs to protect their darling here
6:28
and Is that because he donated a crazy amount of money to a
6:33
certain political party? He was behind the biggest donor,
6:38
which is George Soros. This embankment was right, was
6:42
number two, right? It is that why he's getting the
6:45
special treatment? I don't know, man.
6:47
But something seems fishy. And I think I think Jack
6:51
mahler's, use that opportunity to just really get that message
6:55
out Bitcoin not crypto and Bitcoin.
6:59
Gives this this this opportunity to individual for individuals to
7:04
save to have access to private property without the fear of
7:07
confiscation or debasement, right?
7:10
And I think that's absolutely beautiful.
7:12
It really Falls onto US. Bitcoin content creators, and
7:15
you individuals to keep getting that message out there, repeat
7:18
it, repeat it, repeat it, and I love how he's using their own
7:21
words against them. It is the most Equitable.
7:25
It is the most inclusive, monetary monetary Network.
7:27
The world has ever seen Scene and there's absolutely nothing
7:30
you could do about it. Anyways.
7:33
William, what are your thoughts on Jack Ballers doing with Jack
7:36
Ballers usually does? Yeah, well I think he's out
7:40
there preaching the truth and I think at the end of the day, a
7:43
lot of the things that he said are accurate.
7:45
I mean this Whirlwind of events that we've seen over the past
7:51
couple of weeks, really shows and hammers in Bitcoin and
7:55
crypto or two, completely different things.
7:57
And it's something that I've also mentioned in the Past
7:59
right? Is that just because you're
8:01
looking at both things being underpinned by blockchain,
8:04
technology, doesn't mean that they're the same thing.
8:07
And right now, it's clear if you look at, for example, sport
8:10
tennis football, very, very different sports, but they're
8:13
technically both Sports and Bitcoin is in a completely
8:17
entirely different League than all these other
8:19
cryptocurrencies. Many of which people are
8:22
realizing our in big ways, some type of a Ponzi. 100% 100% Opti
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you want to chime in on Jack Ballers brother.
8:31
Well, every time Jack Ballers is in the mainstream media.
8:35
He just absolutely slays it. I love how he's able to
8:38
communicate and and spread the Bitcoin signal to the masses and
8:42
to the normies out there and, you know, love to see Jack
8:45
Ballers sleigh SBF. Yes, it just warms our little
8:49
hard tubby here but also I really love how he smacked back
8:52
at. I don't know what the the guy,
8:54
the broadcaster's name is that The talking head from from
8:58
Legacy Media but you know he's all like I'm not sitting next to
9:01
my lawyer but what do you think and he's like oh the you're the
9:04
guy that were asking but again you know the Bitcoin signal
9:07
can't be stopped. What do you say like property
9:09
rights secured by mathematics no third party liability money is
9:13
the nucleolus for a prosperous Society.
9:15
Like this is the the messaging that we need to continue to push
9:18
out there and then to your point of all the SBF puff Pieces by
9:23
Legacy Media it's absolutely disgusting and It definitely
9:27
smells fishy, guys. Like you know, we've said it
9:29
before in the past Legacy Media is bought and paid for and
9:33
everyone is in bed together and you can't trust them.
9:35
And this is why independent content creators are so
9:38
important because they aren't going to give you the truth.
9:42
They are just going to continue to push the party line.
9:46
Continue to push the status quo. And you need to go out there
9:50
and, and search for the truth. And this is why Nico, and I
9:54
think it is so important. Is that what we're doing here?
9:57
Because we do our best to give you guys the truth.
9:59
We, you know, if we're wrong, we cover it.
10:02
We don't just hide it under the rugs and being a Bitcoin, ER, is
10:06
all about truth. This is why I'm a bit corner.
10:08
I'm a seeker of Truth and Bitcoin is truth.
10:10
Bitcoin is the most Equitable money, the most inclusive money
10:13
in the world and anyone that says otherwise obviously has a
10:18
bias against Bitcoin. They have something riding on
10:21
the Legacy Fiat and media, you know, world.
10:24
So it's just For the see that the Bitcoin messaging is
10:29
continued to spread out there and and Jack Ballers is just one
10:32
of the best spokesperson, you know, he's always in the hoodie.
10:35
He has a way of illustrating Bitcoin in such a way that it
10:39
just hits you in the fields like Mica said, it yesterday with
10:43
Brandon quidam or even Brandon said it, you know we are in the
10:46
battle for the hearts and minds of the normies out there and
10:50
this is what we got to do. We got to intercept these
10:53
beautiful messages about Bitcoin in people's minds.
10:55
So they Stand why we do what we do and why we're so Savage on
10:59
Twitter and why Bitcoin is so important because Bitcoin is
11:03
fundamentally changing the world.
11:04
And we are taking away the powers from these high-level
11:08
parasites, these monetary demons and they can no longer print
11:13
money to create virtual Wars. And and itchy, we are here to
11:19
stop the debasement of our money and ensure that people aren't
11:23
being censored censorship resistant money. 1 million hard
11:27
cap. These is the way people.
11:31
Absolutely. Alright, everybody, let's get to
11:33
news. We have a lot to talk about a
11:35
lot of news coming out. All right, let's do this.
11:40
The Daily News brought to you by bit box to bitcoin only
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cryptography. It's secure, it's open source
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and it's so easy, your mom can set it up.
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Self custody is the revolution in the bit box.
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Makes it simple, do not leave your Bitcoin on an exchange
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order. A bit box today.
12:02
All right, everybody. Interesting name bouquet lay
12:05
president of a country. Just announced that he's dollar
12:07
cost averaging. Aging except he says we are
12:10
buying one Bitcoin every day starting tomorrow.
12:14
And now the same week that this is happening right.
12:17
El Salvador is heading down the road towards Freedom, right?
12:22
And powering the individuals that are living in El Salvador,
12:25
the people of El Salvador, it looks like the West is doubling
12:29
down there trying to hold on to their privilege on creating
12:33
money and having the ability to create money for free that
12:37
everyone else has to work. For this is Article from Reuters
12:39
banking Giants, and New York fed's of week digital dollar
12:42
pilot. Global banking, Giants are
12:44
starting a 12-week digital dollar pilot with the Federal
12:47
Reserve Bank of New York, the participants announced on
12:49
Tuesday Citigroup HSBC, Holdings ear.
12:53
It is Mastercard right it's interesting why I really think
12:56
about it Master Bitcoin if it's successful kind of
12:59
disintermediated their whole business model, right?
13:01
So it's interesting that they're getting involved Wells Fargo as
13:05
well. Are among the financial
13:06
companies participating in the experiment.
13:08
Alongside the the New York fed's in of Innovation Center.
13:12
They said in a statement the project which is called the
13:15
regulated liability Network. What?
13:17
Well that is a very interesting name for that shit.
13:20
Coin regulated liability network will be conducted in a test
13:24
environment and use simulated data.
13:26
The New York set in the New York fed said.
13:29
The pilot will test how Banks using digital dollar tokens in a
13:32
common database can help speed up payments earlier this month.
13:36
Michelle Neil head of the New York fed's Group said, it sees
13:39
promise, and using a central bank, digital dollar to speed up
13:42
settlement time in currency markets.
13:45
Now, what's really interesting is that right?
13:48
It's all about improving payments, right?
13:50
It's all about improving payments and proving payments,
13:52
improving payments. The the this this report
13:56
released by the US Treasury. It's called the future of money,
13:59
right? It mentioned stable coins and it
14:02
also mentions payment platforms like venmo like cash app like
14:06
PayPal but it meant, it does not.
14:08
Mention Bitcoin and then and you know and what's what's the
14:11
reason why I believe they don't mention Bitcoin, right?
14:14
The United Nations released a report, which we've covered many
14:17
times for you guys as well, right now, how they must die'
14:20
incentivize the adoption of Bitcoin and shit coins in
14:24
developing countries. But in all of these reports,
14:26
whether it's the US Department of the treasury report, whether
14:29
it's digital assets framework that release wood that was
14:31
released by The Abandoned Administration.
14:33
Whether it's, you know, the the the the announcement that
14:36
they're going to release a digital dollar.
14:39
All of those things don't mention the reason as to why
14:44
people are adopting something like Bitcoin.
14:46
And the reason for that is currency debasement, right?
14:51
People are sick and tired of their hard work being stolen,
14:56
from being inflated away. And the signal is that none of
15:00
these, whether it's the Reuters, whether it's the report for the
15:03
treasury, whether it's the White House, no one.
15:06
They don't dare to mention as to why Why people are seeking
15:09
alternative with their focusing on is improving payments, but I
15:13
don't know about you guys. If you live in the u.s., if you
15:15
have, you know, if you have if you have the privilege to live
15:18
in a country that has developed Financial rails, PayPal works,
15:24
then Mo Works, cash, app works Zell works.
15:27
You can send money. It works really well.
15:29
So again, I think it's a straw man.
15:31
I think that they're trying to distract you from what is going
15:34
on. And I think nine bouquet LA and
15:36
this really famous article, he wrote that we read for you.
15:38
Just learned the culture not not too long ago.
15:41
Stopped drinking the elites Kool-Aid covers it right and he
15:44
says it perfectly. He the most vocal detractors,
15:46
the ones who are afraid and pressuring us to reverse our
15:49
decision or the world's more full leads in the people who
15:52
work for or benefit from them, they own.
15:54
They used to own everything and in a way they still do the
15:57
media, the bank's, the ngos international organizations, and
16:00
almost all the governments and corporations in the world.
16:03
And with that, of course they want.
16:04
They also own the Army's, the loans, the money supply, the
16:06
credit ratings, The Narrative, the Propaganda.
16:09
The factories of food supply, they control international trade
16:12
and international law but their most powerful weapon is the
16:15
control of Truth and they're willing to fight lies smear
16:18
destroy sensor, confiscate print, and do whatever it takes
16:21
to maintain and increase their control over the truth and
16:24
everything and everyone. So it really falls down to us,
16:28
right? You have to take personal
16:29
responsibility here to get out the truth.
16:32
And the truth is that Central Bank, digital currencies will
16:35
never be able to match Bitcoins incentives and what incentives
16:38
Are those governments will always want to censor and
16:41
governments will always want to debase because without that
16:45
deficit spending, without the debasement of the currency, they
16:48
cannot pay for themselves, right?
16:51
And and the fact that they go above and beyond to completely
16:55
leave it out of all of those reports tells me that they're
16:59
scared shitless but I don't know.
17:02
Maybe I'm just a toxic Maxi and I'm biased.
17:04
William, what are your thoughts on all this, bro?
17:07
Yeah, well, I agree with everything you're saying and I
17:09
think that cbc's are one of the scariest things that I've ever
17:13
seen. And one of the reasons for that
17:16
is because no matter what type of window dressing or whatever,
17:20
they put on it, if you have a money that at a single point is
17:25
perfectly tract that they can control.
17:27
And let's say, control spending patterns sensor, people that
17:31
they don't like their opinions of sensor opponents, then all of
17:34
a sudden you have a tool of technology that that is the
17:37
ultimate level of censorship and these going to allow Strong
17:42
powerful organizations to control their population and
17:46
with better technology comes the the need for more responsibility
17:51
and I just don't think that in today's day and age that we have
17:55
structures or people in place that are really going to utilize
17:58
this technology for the good of the entire population. 100%.
18:03
What's that famous saying? Right, absolute power, corrupts
18:06
absolutely. Do you really want to trust
18:08
these bureaucrats with even more power?
18:11
Especially A lot of the things that have happened in the last
18:13
two year, the last two or three years, right?
18:15
Since the start of the pandemic, you couldn't, you can't make a
18:18
good argument that they got everything right, right.
18:20
And it, you hit the nail on the head.
18:23
William, like Central Bank, digital currencies is gonna give
18:25
them complete totality rien, control over the populace and I
18:29
don't think anybody deserves that power.
18:31
Anyways Opti will go ahead and just one other point to make on.
18:34
That is a lot of people. If you think about this even if
18:37
you're for it let's say that. You're part of that crowd that
18:39
saying yes, we need a central bank digital See, imagine if all
18:43
of a sudden, the person in control of that was your worst
18:46
enemy because you might be in support of the person that
18:48
you're trying to give that power to today.
18:50
But imagine your worst enemy, the worst dictator in history,
18:54
all of a sudden coming up and controlling and having that
18:56
power you would hate that. And the thing is is that you're
19:00
not always going to have an altruistic leader to what you
19:03
said, Nico and many times you won't have the altruistic leader
19:06
there, you might think that you're putting forth that
19:08
perfect leader where the power corrupts them.
19:10
So I think it's just a Very slow.
19:12
I think we're already too far down that path and it's great
19:16
that we're having conversations like this.
19:18
And we're getting people to think about other ways of
19:21
approaching these types of questions rather than just
19:23
accepting the overall narrative. Amen, brother.
19:27
You said it beautifully Opti bars.
19:29
First good Brothers, William with the bars.
19:32
Well we say it all the time you know DCA is the way guys
19:35
continue to stack every day week or month.
19:37
Depending on your finances just just always buy Bitcoin.
19:41
That's the signal that we started this segment with, you
19:44
know, I wish I was like my ebook la and el salvador and stacking
19:48
a Bitcoin. Today that would be just
19:50
absolutely amazing but to that the news of the Wells Fargo and
19:55
Citigroup and MasterCard, it's really becoming kind of like
20:01
more signal that this is the beginning of the end because we
20:04
are definitely in the then they fight you stage, guys.
20:07
You know, the fact that they're rushing this CB D c-- and and
20:10
doing announcement of an announcements is just further
20:13
proof that they know that something is wrong in the Legacy
20:16
Financial system. And it's just, it's becoming
20:20
very obvious to us, you know, here at simply Bitcoin and you
20:23
guys that watch it is that they know that they can't kick the
20:26
can down the road, much longer, and they are trying, To Corrales
20:31
into a CB DC system as as quickly as possible.
20:34
So that, you know, they hedge their own bets.
20:37
But again, recognize the framing guys, it's always about
20:41
payments. It's always about a quicker way
20:44
for final settlements, but they never talk about inflation.
20:47
They never talk about censorship because they don't care about
20:52
that for you guys. Like as the average citizen,
20:54
this is what we're concerned about at least.
20:56
This is what you should be concerned about, but they are
20:59
just trying NG to frame it in such a way that it sounds like
21:04
they are innovating with the CBC.
21:05
And we know that the nefarious nature of what they're trying to
21:09
do with the CB DC system. So remember, the simple
21:12
questions that we continue to ask on simply Bitcoin?
21:15
Why are we being forced to use a money that is designed to steal
21:18
from us? And why does the few have the
21:20
power to tell us who? And what, and where we can
21:23
transact with like why, you know who gave them these Powers?
21:27
The most of these people are unelected and they're still
21:29
telling us what we can't. The can't do with it with our
21:31
own property. So it's very telling when you
21:35
really dig into the Nuance of what these Banks and Central
21:39
bankers and you know, politicians want to do, but you
21:44
brought up the buchelli article and I absolutely love that
21:47
article. That's why we covered it in the
21:49
culture. The don't drink the elite school
21:51
aid. By not you buchelli.
21:53
I think this is an instant classic and will go down in
21:55
history as one of the most important written pieces and
21:59
it's just, it's awesome. I'm that we can continue to
22:03
counter this signal and it's not just Nico and I you know, we
22:06
have we have President, we have more influential people coming
22:09
out every single day and saying what we know to be the truth is
22:13
that Bitcoin is the way and why are we being forced to save in
22:18
money that steals from us, like, what was going on here, 100%?
22:22
It's absolutely insane. Amen, to that.
22:24
All right. So I want I've been saving to
22:27
cover this because this is a topic that came out a couple
22:30
days. Ago, but I've been saving to and
22:32
I've actually talked to some industry insiders as well.
22:34
So I have some sauce for you guys.
22:37
Oil giant shell makes move into Bitcoin, mining industry
22:42
specifically, its shell lubricants.
22:46
There's two parts of shell right there is shell lubricants and
22:50
she'll power its shell lubricants that are, that is
22:53
getting into the mining industry.
22:55
Now what's really interesting that they're going to be or they
22:58
there were going to be a sponsor of the Oin conferences, Bitcoin,
23:02
2023, and Bitcoin. And in 2024, shell is a Fortune
23:06
500 company. It's a massive company.
23:09
But to be specific, it is not shell power, that's doing this.
23:13
And they're coming out with to lubricants, right there coming
23:16
and check out these names because they're very
23:18
interesting. So, the first one is, is called
23:21
s3x. If you spell that out, its it
23:25
looks very familiar to a certain type of word.
23:27
Is that a coincidence? I don't know.
23:28
I'll let you guys be the judge and Specifically, the s3x is
23:32
called it's for Bitcoin mining fluid and the s5x again very
23:37
similar is for data center fluid.
23:40
Apparently from what I've been told everyone's fluid is the
23:44
same but shells is different now another part that's interesting
23:49
right and actually tweeted this out the other day, right?
23:51
Is that shell lubricants? I mean she'll in general.
23:55
They sold their natural gas stuff to Conoco and I actually
23:59
did some Research Conoco announced that they are mining
24:03
Bitcoin not too long ago so ConocoPhillips is selling extra
24:06
gas a Bitcoin miners in North Dakota not only con ago it's
24:10
also Exxon Mobil Exxon Mobil is mining Bitcoin in North Dakota
24:13
as part of its plans to slash emissions and this is a
24:16
worldwide phenomenon right? We also have Russia's gas prom
24:19
which is the the the state-owned Energy company in Russia before
24:25
the sanctions right? You you would see gas prong
24:28
being advertised and all the soccer.
24:30
Matt matches if you live in Europe, you know who gas problem
24:34
is and they announced that they that they are, they're mining
24:38
Bitcoin. And it's funny though because B
24:40
River was the company that Compass mining was using so
24:44
technically, you're using people's miners.
24:46
Oh my God, that's terrible. I just had to say I'm sorry and
24:51
also one last thing Intel announced that they are making
24:54
an Asic as well, right? So the reason I wanted to paint
24:58
this whole picture guys, this is Credibly bullish.
25:01
These are Fortune 500 companies that all announced in the last
25:05
six months to eight months that they're throwing their hat,
25:08
they're throwing their gloves in the ring, they're getting into
25:10
the Bitcoin mining industry that's Intel.
25:13
That's ExxonMobil, that's ConocoPhillips.
25:16
And now that shell and she'll to the point that they want to
25:18
sponsor the Bitcoin mining conference.
25:21
Dude, those are giant Fortune 500 companies.
25:24
They're very powerful companies. And, you know, for a fact, they
25:27
have a tremendous amount of influence in the The swamp that
25:31
is Washington DC and I'm very excited because we have William
25:34
who's an entrepreneur working in Bitcoin, mining William, what
25:38
was your, what were your feelings?
25:39
When you saw these announcements, man?
25:41
They're absolutely massive. And my belief, I think this
25:44
changes everything and I think that every Energy company today
25:48
eventually is going to become a Bitcoin company in terms of
25:52
mining Bitcoin because it just makes sense.
25:56
Yeah, look there's so many different ways that I can I can
26:00
talk about this but if you just take a step back and you look at
26:03
how the industry has matured over the past handful of years.
26:06
And, you know, even over the past decade.
26:08
I mean mining has gone from a place where you could mine, you
26:13
know, many many Bitcoin on a laptop to now having to compete
26:17
against these industrial scale Miners and inevitably when you
26:21
look at the incentives of mining, the cheapest miners are
26:23
going to be the ones that are able to be most Competitive to
26:26
go and win blocks on the network.
26:28
And so inevitably, you're going to see more and more energy
26:31
companies. Go in.
26:32
You mentioned a lot of the big ones that have come in already
26:35
Exxon working with crew. So now she'll looking at
26:38
different ways to get into the industry.
26:40
I think this has been a very calculated approach by each of
26:43
these different players. It's not like on a whim they
26:46
suddenly decided hey we're going to pursue a Bitcoin mining
26:49
strategy. These types of discussions have
26:51
been happening for a while and each one of these companies is
26:54
going to find their own. Place within the overall
26:57
industry. I think that overall the
26:59
incentives outside of just the mining rewards and Mining being
27:03
profitable when done right outside of that piece.
27:07
There are other incentives that get these companies to get
27:09
involved. So a big one is just looking
27:11
from emissions standards that these companies are going to be
27:15
held to which many people think are going to get much stricter
27:18
over time. If you're flaring or have her
27:21
producing a lot of methane and polluting the atmosphere.
27:25
You can actually capture that and utilize that energy to mine
27:29
Bitcoin. And so there are just so many
27:31
innovative ways that Bitcoin mining can be applied to the
27:34
energy sector. And I think that more and more
27:37
energy executives are waking up to the fact that Bitcoin mining
27:41
is the Innovation happening in the energy sector, not the other
27:45
way around. And so overall, I think that
27:48
you're going to agree with you Nico, I think that you're going
27:50
to continue to see more and more energy companies get involved.
27:54
And why should you care about all this as a bit?
27:55
When someone who cares about Bitcoin well the Bitcoin miners
28:00
are the industry that makes Bitcoin what Bitcoin is without
28:05
the miners. You don't have that same type of
28:07
tied to real world energy and real world assets.
28:11
I mean throughout human history. This is something that we've
28:13
tried to solve. How do you prevent money from
28:16
being printed away Into Thin Air or being able to duplicate
28:19
someone's work by collecting pressing, the print button on
28:21
currency it's by tying that currency to real world edgy and
28:26
proof of work which is what Bitcoin has done.
28:29
So all in all, when you look at this as a Bitcoin or you should
28:32
think this is great, we want more and more miners coming in,
28:36
We Want More Energy backing the Bitcoin Network, although
28:40
Bitcoin is already the strongest computing, power Computing
28:43
Network in the entire world, we want more and more because in
28:46
the future, when Bitcoin does become that Global Reserve asset
28:50
recognized globally that it's going to be backed by an
28:53
impenetrable force of mine. Errors and electrons.
28:57
And I think that this is just another great step in that
29:00
direction. Absolutely, that's incredibly
29:02
bullish. I really believe it's going to
29:04
change everything. There's a very, very powerful
29:07
companies. And the fact that they're
29:09
showing interest, I would even say that they're showing
29:11
interest and you mentioned you touched on this William.
29:14
I wouldn't even say that that they're showing interest out of
29:16
the goodness of their heart. I think it just Market
29:18
incentives just you know Bitcoins incentives are
29:21
irresistible. Right.
29:23
So very very interesting to see that Opti you want to chime in.
29:26
We got a couple minutes. Well, again, William with the
29:30
bars but I, I just remember when we heard that show news over the
29:36
weekend while we were at Pacific Bitcoin and Nica was like,
29:39
literally shocked. We were eating Ramen.
29:41
And and he like, wouldn't say anything.
29:42
He's just sitting there. Like, I don't think people
29:45
understand like how big this is. Like we just want guys like we
29:48
just won the incentives of Bitcoin continue to win and just
29:52
to the point that Nico made earlier it's like once these
29:55
Energy companies, especially oil and gas.
29:58
You know, that there were some of the biggest lobbying
30:01
institutions, you know, conglomerates in the world.
30:05
And if we have them lobbying for Bitcoin and using Bitcoin, not
30:10
only does that make our PR, you know, that much easier for the
30:14
Normie, they understand that? Oh, wow, Bitcoin, can be good
30:17
for the environment. I know you say what you will
30:19
about fossil fuels, to some of the people out there, but
30:21
Society runs on fossil fuels, and we need them to Continue to
30:26
live in this prosperous society that we are living it.
30:29
I'm actually, I'm actually glad that you mentioned that because
30:33
William Williams Company says mining.
30:36
It's very interesting about the about you because you guys are
30:39
focusing on the renewable aspect and I want to get into more
30:42
details of that Opti. I want to give him a little bit
30:45
more time during the culture segment so let's hit that.
30:48
I bet, hold on. Before we go though, the signal
30:50
here is Xiao knows that Bitcoin is cheap and Now's the Time to
30:54
stack and build boys and girls. Amen to that.
31:01
All right, everybody. Let's hit the culture segment.
31:02
Let's do it. The daily culture brought to you
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31:31
All right everybody, let's check this out, says mining Bitcoin
31:35
Made Easy by your Bitcoin mining rig.
31:38
I market value we set up and this is this is and you were
31:40
saying this Opti and then I remembered this from the website
31:44
we set up host and maintain your rig and are 100% green powered
31:48
facilities, you collect Bitcoin, mining Rewards Directly into
31:52
your Bitcoin wallet. So William what is such as
31:55
mining, who's it for? I also heard some some you know
31:59
some things maybe it's some marketing stuff about how you
32:01
guys are trying to make it Bitcoin mining as easy as a
32:04
subscription service. So do you want to elaborate a
32:07
little bit on all that? Yeah.
32:09
And really the whole idea behind this platform is democratizing
32:13
access to Bitcoin mining right now.
32:15
You can go on to coinbase or any other exchange and purchase
32:19
Bitcoin. It's very very easy and Doors
32:22
have really opened up into Bitcoin, but if you think about
32:25
it, no one's really done that and try to represent the
32:28
customer in the right way from, a Bitcoin, mining perspective.
32:31
Yes, we're not the first company out there to go and try and
32:34
utilize, or make Bitcoin mining accessible.
32:38
But with a well-known competitor, that I don't have to
32:41
mention the name of on this particular program.
32:45
No one's really been searching for the customers.
32:47
And so, the way that we set it up, we pass through the mining
32:50
rig a cost. The energy at costs and we align
32:53
incentives, where we make our money by keeping 15% of the
32:57
Bitcoin mind, and then have an incentive to keep your mining
33:01
rig up and running. Whoa.
33:04
Okay, hold on. So so what so for example, you
33:07
said that, that's interesting. So you keep 15% of the of the
33:12
Bitcoin mine with the company's rig.
33:13
But why why would the customer want to mine?
33:17
Would someone like you guys versus some of your competitors?
33:21
Yeah. Well the big key with us is that
33:23
we're passing along everything at cost and we're giving access
33:26
to the equipment at bolt prices, as well as electricity at much
33:32
lower prices than you'd be able to mine on your own.
33:35
And so that's the big key with us that we saw is that you had
33:37
so many people out there that wanted to start mining Bitcoin,
33:40
but unless you had millions of dollars, you wouldn't be able to
33:43
actually compete with the large miners who are able to tie down
33:46
cheap energy and tie down cheap equipment.
33:49
And so what we said was, hey, let's pass everything.
33:51
Through it cost give and democratize access to cheap
33:54
power and cheat mining equipment and be the partners with the
33:57
customers in mining Bitcoin, Contra Su so, do you own your
34:02
own hosting facilities? The that's the approach
34:07
long-term right now. We're working with Partners on
34:09
the mining side and so we're using, we started in January of
34:13
2018. We know how to actually vet
34:16
mining contracts, mining sites, and we're looking for the best
34:19
opportunities to be able to place this equipment into top
34:23
facilities. And the one other point that you
34:26
mentioned that, I think it's important for us to touch on is
34:29
the renewable energy and the green mining piece.
34:32
I know that in the special in the Bitcoin Community, this is a
34:34
very divisive topic and our view is that look the more energy
34:40
that's consumed by Society. The better the more that were
34:43
able to harness energy, the better standard of living that
34:47
you experience as a society. And so we see a big opportunity
34:51
and tried to help promote renewable energy development
34:54
because of the opportunity with stranded power assets and many
34:57
others. And the natural difficulties you
35:00
have with the duck curve and renewable energy, not being a
35:03
24/7, power source. So, but that's the whole energy
35:07
conversation. So, as a Bitcoin entrepreneur
35:09
working in the mining sector, what keeps you up at night?
35:16
It's a good question. I think that what keeps me up at
35:19
night in particular, is just the fact that it's crazy that the
35:22
world hasn't come to realize what Bitcoin represents in a
35:27
world where we just went through covid.
35:29
And we've gone through an unbelievable shift, in terms of
35:33
money, Printing and government control.
35:36
I think that that covid and many of these other events in the
35:40
past couple years have been the biggest marketing campaign for a
35:45
need for Or sound money in society.
35:47
And I'm just I just can't believe that I get to work on it
35:51
every single day and be part of the mining community and try to
35:54
push that Vision forward, and then he'll to come on to
35:56
podcasts like this and talk about it.
35:59
So, no. Yeah, man.
36:02
We actually had Brandon quidam, and we had them on the, we had
36:06
them on the, we had him on, simply Bitcoin.
36:08
I rally yesterday, and I know, I know that he somehow works with
36:13
you guys, right? Yeah, he's one of our Advisors.
36:16
And one of the things that I think is really powerful about
36:19
his message, going a little bit more down, the philosophical
36:24
side of Bitcoin mining is that the incentives, the Bitcoin
36:28
mining provides it, incentivizes people to go and harness more
36:32
energy more, particularly it incentivizes the miners to go
36:36
and increase our power capacity as a society.
36:40
So you might have a power asset that is not being used or that
36:43
you would not be able to monetize.
36:45
All of a sudden the Bitcoin miners incentivize to go and get
36:49
that electrical infrastructure up and running, consume that
36:53
energy and contribute to the Bitcoin Network.
36:55
And so, I think that that's, that's a very big point to where
36:58
we want to allow anyone around the world to get involved in
37:01
that process now and I agree, I agree with that.
37:04
And I think that there's other competitors, I don't want to
37:08
name any names, but they unfortunately give the hosting
37:13
industry a bad name and I think That is just because they grew
37:17
very they grew too quickly and it's very unfortunate but I
37:21
don't want to get into details about some somebody another
37:24
company. But let me ask you this William,
37:28
how's the Demand right now for for subscription in miners now
37:31
that it's becoming right now with the hash rate continuing to
37:35
go up difficulty you know hitting all-time high right?
37:39
Hash rate as well right? It's not a good day to be a
37:42
Bitcoin, miner right now you're holding on for dear.
37:45
Or life. Do you still see people
37:47
interested in in subscribing to us as mining?
37:52
Yeah, that's a great question. And to be completely
37:54
transparent, we launched this platform earlier this year.
37:57
So we only have about seven months worth of data to go off
38:03
of what we've seen is, we've continued to see more and more
38:06
people sign up to our waitlist. The way that we've set it up, we
38:10
don't collect all the capital upfront from the customer
38:13
because As bitcoiners, you understand the time value of
38:16
money. We don't want to lock up your
38:17
Capital. So we take a deposit initially
38:20
of hundred dollars and then when we're ready to place your order,
38:23
then we'll do the capital collection.
38:25
Now, why is this important? Why is this unique?
38:27
We haven't seen anyone else in the industry do this?
38:29
But we asked as a Bitcoin, or why do we want this product?
38:32
And the reason why is because when we do the collection, it's
38:35
not like we're collecting, and using that money for something
38:38
else. When we collect that money,
38:40
we're putting that directly into your mining rig and we're not up
38:43
charging it like Action before. And so it's a way that we align
38:47
incentives. We don't want to lock up
38:48
Capital. We want to give people access to
38:50
minors and we're not going to make many of the mistakes that
38:54
you've seen other people in the hosting game.
38:55
Make where, when someone gives us money, that's going to
38:58
directly execute and by their mining rig at the discounted
39:01
bulk prices, Roger. Okay.
39:03
So, let's talk about because I do have a little bit of
39:06
experience in this industry. Let's talk about the integrity
39:10
and / principles aspect of it, okay, because the fact is It is
39:14
right. If you use a Hoster that Hoster
39:17
gets a tremendous amount of your really trust.
39:22
Does he actually have that Miner?
39:24
Does he actually have that facility?
39:26
Where how does that facility look like?
39:28
You know I know for example what happened to some of your
39:31
competitors was and think about how hard this is right.
39:35
They build out a nice UI. They build out a new nice
39:38
website. They sell a lot of Miners and
39:40
then they're thinking would be I'll figure out how to Build
39:44
this out later. You and I both know that it's
39:46
not fast at all, and it's not easy to find a nice site, right?
39:51
It takes a long time. It takes a lot of capital to
39:54
build it out correctly, right? But again, think about it, if
39:58
you're making all of these sales on your website, you know, it
40:01
takes a lot of takes, a lot of integrity and takes a lot of
40:04
willpower to turn off. That switch willingly and I
40:07
suspect. He had a lot of investors behind
40:10
behind them. Right, that there were also
40:13
pressuring this as well. Alright, so how do you deal with
40:17
that William? How do you deal with that
40:19
responsibility, right? Because people are putting a
40:22
tremendous amount of trust that you are going to do.
40:26
What you say you're going to do? Yeah, 100%.
40:29
And the way that we do it, we have a separate segregated
40:32
account setup in a Mercury bank account where we don't touch the
40:35
customers funds. And that's one of the big
40:37
reasons why we also take deposits.
40:40
So we don't want it. We're not going to utilize funds
40:44
for Something else because as you mentioned there's a long,
40:47
it's a long process to find a facility and yes, we accept that
40:51
it's going to allow us to grow much more slowly.
40:54
We're not going to be able to expand with crazy amounts of
40:58
sites. The way that a company who is
41:01
going and using customer funds to go and fund other sites would
41:04
do. But we want to keep that
41:06
Integrity with the Bitcoin Network and keep that Integrity
41:09
to be able to know that we're supporting our customers loyally
41:12
and being able to make sure that We're democratizing access
41:15
because this isn't a quick, you know, 4 year, 5 year, 10 year
41:20
type of game, The Last Bitcoins, being mined in year, 2140, I
41:24
think of right now, you have an amazing opportunity to go and do
41:27
right by the community, and let the community do right by you.
41:30
So that's what we're looking to do.
41:32
That's what we're aiming to do. The entire culture at says,
41:36
mining is with that in mind, and everyone's on the same page.
41:40
We I want, I want to be very clear with people as well.
41:43
And we're seeing The good decision of taking that approach
41:46
Now by seeing what happens if you don't take that approach and
41:49
you see what's happening with some of these other companies
41:52
that are going Bust or needing, they're basically needing to go
41:56
and file bankruptcy. That's not the approach that we
41:58
want to take. And I think that what they did
42:01
with customer funds was honestly disgusting.
42:04
Yeah, man. Well, and I just want to be
42:06
transparent with everybody but it still requires a tremendous
42:10
amount of trust, the ideal situation would be like it is
42:12
not your keys, not your minor. And I mean, some not your keys,
42:15
not your Bitcoin, the same applies here, not your, you
42:18
know, if you don't have physical access that minor, if you're not
42:20
the one physically running it, you know, you there is an
42:22
element of trust involved. But the reason that it's
42:25
unfortunate is because if you live in the UK, right?
42:28
If you live in Europe, right, you don't have access to cheap
42:31
electricity, you know, you just don't write.
42:33
And I think that, that potentially is where Bitcoin
42:37
mining hosters come in. But anyways, one last thing is,
42:41
what do you foresee is the biggest challenge ahead.
42:45
You said, you you, unfortunately, right now we're,
42:47
you know, in the, in the either the middle of the bear Market
42:50
were, I don't know where we are. Don't we don't speculate on
42:52
simply Bitcoin, but, you know, it's not a good day to be a
42:55
minor right now. What do you foresee the biggest
42:58
challenges for your company in the next come in?
43:01
The next couple of years? I would say the biggest
43:06
challenges are really just making sure that we're The
43:11
biggest challenge would probably be making sure that we're
43:13
growing at the proper pace and making sure that we're finding
43:17
the best sites. So you saw it with some of the
43:19
competitors where they go and they grow and put down deposits
43:22
or try and expand too quickly and it's a big challenge for
43:25
them. And the big challenge for us is
43:27
making sure, okay, how do we go and find the best sites?
43:29
How do we go and find the best hosting contracts.
43:32
And then from there, go and make sure that were properly
43:35
operations, and making sure that we're executing to the best of
43:37
our ability. Now, just so, you know, it was
43:40
over. Or my understanding, you guys
43:41
are really an intermediary, right?
43:43
And what you guys are, just you're providing the ease-of-use
43:47
click of a button subscription service, right?
43:50
And then, I guess you're hoping that people are going to willing
43:53
to pay a premium for that. He's of service.
43:56
What what makes you so confident in that business model versus
44:01
again, I don't want to name any names, right, but versus
44:05
basically the other big Hoster retail Hoster that exist, right?
44:10
Now, why would people pick someone?
44:12
Why would people pigs as mining? That takes a 15% cut of the
44:17
Bitcoin, mine verse. The other guy that doesn't take
44:21
that cut. Yeah, I think that the most
44:25
important thing here is that we're being very transparent
44:29
about how we're operating our business.
44:31
We're being transparent about, you know, the where we're going
44:36
to be expanding to how we're collecting the capital, how the
44:39
capital is going to be used, and we're passing it through a cost.
44:42
I think that what we've seen is we've seen competitors in the
44:45
hosting space go, when they've tried to build up business
44:49
models. That necessarily didn't fill in
44:52
the customer. With everything that was going
44:53
on. And so our goal here is to just
44:56
be the partner for the customer try and make mining accessible.
45:00
And I think that that's a big part of what Bitcoin Community
45:03
can benefit from. Okay.
45:05
Interesting, interesting. Well William thank you so much
45:08
for coming on makeup before before we move on, we did get a
45:10
question in the chat and I think we can cover it as well.
45:14
And this segment OTC big be, he wanted or he has to question.
45:19
Can you guys explain to the noobs why Bitcoin is energy
45:22
efficient? How to add energy to the network
45:24
and I scrolled through your Twitter and as quote, what you
45:30
say it's Satoshi Secor. Second Revolution, energy has
45:33
just begun. So maybe just a tldr for the
45:36
people out there that don't know why Bitcoin is energy efficient
45:40
and then we can move on Nico. Yeah.
45:44
So one of the big things that I feel like a lot of the
45:47
mainstream media when they cover Bitcoin mining, they don't
45:49
really understand is that miners are actually helping add
45:52
capacity to the grid. So let's take a single example.
45:56
Right? Let's say that you have an
45:58
energy asset that is not being used, not being utilized, you
46:02
don't have the ability to actually generate any revenue
46:04
from that asset. It's just going to stay there
46:07
stranded and not be used. Well all of a sudden the Bitcoin
46:10
miner can come along and say hey well if we go when we die boot
46:13
up this energy asset then it's going to be a very cheap source
46:17
of energy that can power the Bitcoin mining breaks.
46:20
Now all of a sudden you have an energy asset that's online being
46:24
used parent Bitcoin Miners and when you connect that to the
46:28
energy grid all of a sudden now you're adding additional
46:32
capacity that was just not being utilized to every other
46:36
ratepayer that's connected to that grid.
46:38
And so that's when we talk about what's happened in Texas when
46:42
they're experiencing rolling. Accounts you would all these
46:45
miners that had come on and they had added electrical capacity to
46:51
the ercot grid and then when there was a lot of meat for that
46:55
energy, they shut off their Miners and contributed that
46:59
energy capacity to all the ratepayers.
47:01
So going back to what Brandon could have been talked about
47:04
more and more miners over time are going to go and bring more
47:07
energy assets online in order to power Bitcoin mining Rigs.
47:12
And then as Big as societies, develop, around those new energy
47:17
sources, they're going to be able to go and find and
47:20
bootstrap another cheap energy, source beautiful.
47:23
Yeah, no you hit the nail on the head right?
47:25
Is that Bitcoin first time Bitcoin mining has actually
47:29
given given stranded energy value?
47:32
We're before Bitcoin that didn't exist right and how that's going
47:36
to change society and how you know how people you know because
47:40
think about it all you touched upon it Brandon.
47:43
Touch upon it last night, right? I think also, I think societies
47:46
are going to be built around these stranded energy sources
47:49
that were useless before. But now all of a sudden they
47:52
have value, right? And how is that going to play
47:54
out? I don't know, but I'm really
47:55
excited for it. Anyways guys, that for the sake
47:57
of transparency, we always bring you know we had Unchained the
48:01
other day. There's always pros and cons to
48:05
everything right? In the case of such as mining,
48:07
right? They can offer you, they can
48:10
offer you cheaper, you know, cheaper electricity.
48:13
Cheeping, she be minor but the downside is right?
48:16
Not your keys, not your minor, right?
48:17
So you as an individual, you have to, you know, you have to
48:20
decide what it is, you're comfortable with in your own
48:24
situation, right? Ideally everyone would should be
48:27
running their own minor but unfortunately, not everybody has
48:30
access to cheap electricity or lives in a country that has
48:33
cheap electricity. You know, so William, I wish I
48:37
wish you the best of luck. It's really interesting.
48:39
What your, what what you're doing and octi.
48:43
Let's, let's get to the meme of you, bro.
48:45
Let's do it. The daily meme review brought to
48:52
you by Kaboom racks. I get this question all the
48:54
time. Nico.
48:55
Where should I buy Bitcoin? Miners to answer is Kaboom
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racks. It's the best place to buy
49:00
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Join their telegram group and start your mining Journey today.
49:14
Kaboom racks. All right guys, you already know
49:19
this to mean review and tweets are the bullets and memes of the
49:23
artillery. In this information war that we
49:25
are in, you guys are on the front lines.
49:27
Continue to meme continue to get those calls of actions out
49:30
there, spread the truth far and wide.
49:32
So that the people know that Bitcoin fixes all of this.
49:36
And of course guys, you know, sometimes sometimes the memes
49:40
are just words. So this first one is bike or
49:44
eclipsed --and the shit coin CEO Slayer.
49:48
Out there from Swan and he goes, I don't know if you guys saw,
49:53
but SBF did some interview with Vox mag or vox.com.
49:58
And it was, it's really bad. But anyways, the meme here is
50:04
Cory's take on it. So Cody goes total fraud.
50:07
Are you paying attention, vitalik fans?
50:10
And let's just read this little snippet.
50:12
So, box asked him, you were really good at talking about
50:14
ethics for someone who kind of saw it as all game with winners
50:17
and losers and he goes, yeah. Yeah, hehe I had to be it's what
50:20
reputations are made of, to some extent.
50:22
I feel bad for those who get fucked by it, by this dumb game,
50:26
we woke westerners play where we say all the right shit ballast
50:29
and so Everyone likes us. Are you paying attention,
50:32
vitalik fans? That is the meme today, little
50:35
different meaning than usual. Again, another word because we
50:39
are doubling down on the idea of the abuse of trust, and don't
50:44
take our word for it. You can take satoshi's onwards
50:47
and this is documenting Klein AKA at documenting BTC and he
50:51
goes how Satoshi Nakamoto explain Bitcoin.
50:54
So I'm just going to read these highlighted portions and he goes
50:57
Banks must be trusted to hold our money and transferred
51:00
electronically but they lend it out in waves of credit bubbles
51:04
with barely a fraction in reserve.
51:06
Bitcoin solution is to use a peer-to-peer Network users.
51:10
Hold the crypto keys to their own money is what we tell you
51:14
guys every single day, guys, I know these aren't funny memes
51:17
but we need To continue to beat this message and your heads, but
51:21
that's enough of those memes. Okay?
51:23
Yesterday again, we are doubling down on our YouTube comments
51:27
because there's a lot of people that are not going to make it.
51:30
So yesterday we got another one, he goes all these crypto Bros
51:33
act, like they know anything about finance and economics.
51:35
Inflation isn't as simple as they make it to seem and shouts
51:39
out the coin B. They continue to slay on Twitter
51:42
and he goes reply with this meme.
51:44
It's the standard bell curve me, man.
51:46
We got us left side of the bell curve.
51:48
Bitcoin has money, printer Gober by everything.
51:51
We got the midwich know. The FED doesn't actually print
51:53
money. Only banks can create money.
51:55
And if there is no velocity in, the banks aren't lending, it
51:57
can't move assets. So it's more pavlovian than
52:00
real. There's no correlation between
52:02
the FED, balance sheet, and asset prices in.
52:04
This definitely isn't debasement of the currency.
52:06
That is crazy. Talking about economics and then
52:08
the right side of the bell, curve money printer, go burn
52:13
them's. The fact people, then the facts,
52:16
this next one shows up and go My God.
52:19
That is amazing though. They killed it.
52:21
This is Bitcoin mags me and but they got the South Park SPF and
52:26
it's gone and it's amazing. Yeah, so good, so good.
52:34
This next one again. Alright, this is on one of our
52:37
shorts that we put on on Twitter and it's by Hong Komodo, 1775.
52:43
And he was every crypto exchange, right now.
52:45
I'm pretty sure you guys have all seen this Meme and goes,
52:47
hey, friend, listen. Another world scary right now
52:49
but it's gonna get way worse. Every crypto exchange right now.
52:53
Take your Bitcoin into Cold Storage in the private keys that
52:57
you own. Okay, this next one, shout out
53:00
to you T. XO 1, if you have been listening
53:03
to us and this is what you've been doing in 2022 so it goes
53:07
bitcoiners in 2022 and we got a bullfighter in the first bull
53:11
Celsius and the next Bull he doesn't know Leon block pot and
53:14
then he jumps over the bowl. That is FTX guys.
53:18
This is why we try to tell you guys to stay humble Stacks at
53:22
stake Bitcoin into self custody, because you can avoid all this
53:25
nonsense and just watch the fireworks.
53:28
And again, we got another meme, it's more of how it started.
53:33
How it's going type name format shuts out the BTC Gandalf and he
53:37
says who could have possibly seen this coming?
53:40
The first one is crypto lender Genesis accept and if T's as
53:43
collateral for loans, note the date, January 28 2022.
53:49
Could the broker Genesis trading halt withdrawals at lending unit
53:52
yesterday. So guys again again take your
53:56
Bitcoin in the cold storage. This is a simple simple idea.
54:01
We try to tell you guys every single day to do this.
54:03
Stay humble stack SATs. Make sure you own the private
54:07
keys to your own Bitcoin wallet. It is not as difficult as people
54:10
make it out to be. It's literally just writing down
54:13
24 words. Anyways, drop your mean review
54:15
score. I forgot to mention it but I Got
54:18
one. Right here, I am going to
54:21
continue. I'm going to continue to push
54:26
these Pacific Bitcoin trading cards, but today's is on brand,
54:32
this one money printer Gober right here.
54:36
Let's see, let's see if I can mirror it for you guys money.
54:39
Printer Gober, very nice, very nice.
54:43
All right, can you just spread the signal William?
54:45
You are up? What would you give those memes?
54:48
Oops. That's a good question, too.
54:53
To be honest, I'm not the I'm not the biggest expert when it
54:57
comes to memes and I know that a lot of people are watching.
55:00
This probably are the experts. So on a scale of 1 to 10, I
55:04
would give it a 7, okay, seven, Alright, Alright, good score,
55:08
good score, throwback, throw back to original scoring some.
55:10
Not sure what the the average score on these types of things
55:13
are. So I'm going to give it this
55:15
brand new just out of the box. Citadel 21, volume 12, guys.
55:21
Your copy of said, there's only 1000 copies made per issue and
55:25
now they're only making 21 vidi-vidi special.
55:29
All right guys, put your scores in the live chat and we will
55:32
read them first. By yegor.
55:34
Yegor, says I give those memes a fake kyc data, leak, Jato coin
55:39
says, I give those memes a stack stats at stacked by bouquet lay
55:45
next one, we got yellow, yellow rates.
55:48
The memes with the helvetica font I know exactly.
55:52
Huh. I know exactly.
55:57
Huh and it's a it's an air pod case with keys on it.
56:03
Yeah, here we go. Okay, good score, good score.
56:08
All right, next one, where we up?
56:11
Bitcoin Canadians, I score those memes.
56:13
The latest awkward comments from ego, blow to carry correct.
56:20
Is he logic? I give those memes a meditating
56:22
Bitcoin pop Taiwan. Okay, very nice.
56:24
Very nice bro, very nice. That I want to see a lofty
56:26
levitating and Budapest me, give those memes, the average score
56:31
of a box of raisins, okay? See the jabbing at you, Opti,
56:34
Global nonsense? I give those memes some mining
56:37
Loop. All right, we're almost running
56:40
out of time. I beca rates those memes, Nico
56:44
read out of five watermelons. What does that mean?
56:49
Miko read three out of five and watermelon.
56:52
I do not sure. Anyways, moving on opt, he's SBF
56:56
style hairdo for the Bitcoin. Bear Market, score one, comb at
57:00
100K. One haircut at 500 K.
57:03
Let's go. And last one before the buzzer
57:07
hits we Got I give those memes a compass, okay.
57:12
Very, very, very, very, very good.
57:14
Very good scores for some awesome.
57:15
Awesome memes. Alright, guys don't forget to
57:19
join simply Bitcoins. Awesome telegram group.
57:21
That's where you can link us, Bitcoin memes to review.
57:23
You got to go to www.ah.mil /, the simply Bitcoin Channel and
57:27
check out Simply Bitcoin, unfiltered.
57:29
It's the written version of this show.
57:30
Go to www.simpleandsensational.com use
57:33
check out our awesome writers, Paul rust and wine a kiss.
57:37
Am I missing Paul Ruston wine? A kiss Zack.
57:43
Exact. Or, I can't hear it.
57:48
Can you not hear me? I can't.
57:49
I don't think I could hear anything right now.
57:52
Oh man, there we go. Ah, there we go.
57:55
There we go. I got it.
57:56
It's okay. Zack, boom.
57:58
Oh yeah, exact or shout out, Zach.
58:00
Alright guys. Well, we do have a website by
58:04
plebe. Let's check it out.
58:07
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All right everybody check this out.
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This was Is there any Coke a breed you guys know that, okay?
58:44
Anyways, Satoshi Vibes, this was recommended by a pleb in our
58:49
telegram group and we are sharing it.
58:51
Shout out to you brother and it gets into all the details micro
58:53
payments. What else does it get into Opti?
58:58
Difficulty identity, Bitcoin economics, cryptocurrency.
59:02
Okay, and it gets into the details.
59:05
Very, very interesting, very by Satoshi.
59:08
Are there everything? You want to know everything?
59:11
Everything. All right guys.
59:12
Also check out, Simply Bitcoins audio version only podcast,
59:16
anchor Spotify, Apple Fountain. Thank you for all the comments
59:19
on Fountain. We love you all.
59:21
We also want to give a very special shout-out to our
59:23
clothing, sponsor. Opt-in, and I wear the, the
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merch every single day Opti show.
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The back. That's a simply Bitcoin hoodie.
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I also want to thank our awesome guest William thank you so much
59:46
for joining us today man. We really appreciate it.
59:49
Yeah, thank you so much for having me.
59:50
This was a lot of fun. I love I love the program that
59:54
you guys have together so this is there's a lot of fun being a
59:57
part of it. Thanks man.
59:58
Where can people find you on social media?
1:00:00
And where can people find out more about such as mining if
1:00:02
they're interested? Yeah, so the number one place
1:00:05
would just be to go to the website, which is
1:00:07
www.cminds.com. I'm also on Twitter, same, but
1:00:11
the company at says, mining or for mine at wcms Iggy and I go
1:00:19
by says, is my, my little handle.
1:00:21
And, yeah, we're also on LinkedIn.
1:00:23
So, feel free to connect with me or SAS mining on LinkedIn, as
1:00:27
well. Well, o, as the podcast, we also
1:00:29
have a podcast sighs bonding podcast so go check that out as
1:00:33
well. Awesome.
1:00:34
Alright, well, thank you so much for joining us today man.
1:00:37
We really appreciate it. Hopefully come back on a couple
1:00:39
months Opti and I are going to keep this party going until 1:30
1:00:44
and then we're going to be on bitcoin magazine live.
1:00:47
So if you want to continue the show, we got about 13 minutes
1:00:51
left. Join us on Twitter spaces, we
1:00:54
love you all. Don't forget to like, subscribe,
1:00:57
all of that. At good stuff.
1:00:59
We will see you tomorrow for a brand new episode of Simply
1:01:03
Bitcoin. See you all