Latest / Simply Bitcoin / Mass Bitcoin Adoption is Happening World Wide | EP 735

Transcript

Mass Bitcoin Adoption is Happening World Wide | EP 735 · Simply Bitcoin

• 0:12
  Yeah, welcome to another episode of Simply Bitcoin live.
• 0:15
  We are your number one source for the peaceful Bitcoin
• 0:18
  Revolution, record-breaking use culture.
• 0:19
  Matter of warfare, we will be your guide through the
• 0:21
  separation of money and state. This is simply Bitcoin live we
• 0:25
  bring on all bitcoiners from the biggest name so that every day
• 0:28
  Bitcoin, if you're interested on coming in the show, reach out to
• 0:31
  me on the orange, pull up, reach out to me on Twitter, DM and
• 0:34
  we'll be happy to book you. Today is going to be a great
• 0:37
  show. Mass adoption is happening on a
• 0:40
  worldwide scale. All writers, even the Legacy
• 0:44
  corporate media, which, you know, a lot of the time, they're
• 0:46
  enemies of Bitcoin. We remember the article by the
• 0:49
  New York Times basically came out.
• 0:52
  Like, people are seeking alternative specifically in
• 0:56
  countries that are the most affected by inflation, right?
• 1:00
  And, and it's interesting because, you know, the powers of
• 1:03
  be the establishment, whether it's, you know, from the United
• 1:06
  Nations to the IMF and all these institutions were created
• 1:10
  supposedly to help. People, you know, they're coming
• 1:14
  out and they're staunchly against this movement, they're
• 1:17
  saying stuff like you know this is a threat to financial
• 1:20
  stability. This is a threat to monetary
• 1:23
  sovereignty and I have a very simple question for them.
• 1:26
  Like, how are people going to, you know, pay their bills.
• 1:29
  How are people going to feed their families?
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  If they go down the system of which you want them to use?
• 1:35
  Now, it's convenient for them. If they use that system, if they
• 1:38
  use, if people continue to use State money because That's how
• 1:42
  they control people. That's the literally.
• 1:44
  So like, you know, and this is something that we've always said
• 1:47
  about Bitcoin, right Bitcoin exposes incentives, right?
• 1:50
  And it's exposing the incentives of these institutions.
• 1:54
  And its really highlighting the fact that these institutions are
• 1:57
  not really for the people of the world, as they, you know,
• 2:01
  promote themselves to be. These institutions are really
• 2:04
  for themselves, right? It's really about money, power
• 2:07
  politics. And as much of that power that
• 2:10
  they can, can they Can keep to themselves, I think for the
• 2:13
  better but in the process it's really hurting people.
• 2:16
  Like we gave you the in my opinion it's the textbook
• 2:20
  example of Argentina or the imf's had hey will give you
• 2:24
  these you know, we'll bill out your country with these sdrs
• 2:27
  that we can just print out a thin air.
• 2:29
  As long as one of the Clauses in that bailout is hey, you must
• 2:33
  die' incentivize the adoption of Bitcoin in your country.
• 2:36
  Well, it looks like people are just not listening and its
• 2:39
  really simple as to why they're not listening.
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  Earning incentives matter here, as much as the central planners
• 2:46
  would want a central plan. People at the end of the day,
• 2:49
  what are they or do they care about?
• 2:50
  They care about their family, they care about getting fed.
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  They care about, you know, making a living and if the
• 2:57
  currency that they're being forced to use by their local
• 3:00
  governments is failing and epic fashion.
• 3:04
  Clearly people are just going to be like, okay, we need to find
• 3:07
  it on another alternative. Now before Bitcoin, there really
• 3:11
  wasn't a good Alternative, right?
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  It didn't you know, a lot of these countries they start to
• 3:14
  Dollar eyes. A lot of people try to get their
• 3:16
  hands on dollars, but then the government makes it very
• 3:18
  difficult for them. In the case of Argentina, the
• 3:21
  Argentinian Banks seized people's dollar accounts in
• 3:25
  their bank accounts, right? But that all kind of, you know,
• 3:28
  gets flipped on its head when people no longer have to store
• 3:32
  their wealth. In a bank or in a third party,
• 3:37
  they could you know right down at 12:24 weird seed phrase and
• 3:41
  they could take self custody of their wealth and that makes it
• 3:44
  very difficult for the central planners to Central plan to
• 3:47
  control the money and don't fall for their BS Narrative.
• 3:51
  Of this is for you, this is for financial stability.
• 3:55
  You know, this is for the monetary sovereignty of these
• 3:57
  countries. No it's for the monetary
• 3:59
  sovereignty of you guys. It is definitely not for the
• 4:02
  monetary sovereignty. Of the individual.
• 4:05
  And I think that's what we're Rising here.
• 4:07
  I think that's what we're witnessing here.
• 4:09
  Were witnessing, the rise of sovereign individuals and the
• 4:13
  way that they're able to achieve that sovereignty is through
• 4:16
  Bitcoin. Anyways, before we start the
• 4:18
  show, I want to bring up my legendary co-host, always
• 4:21
  optimistic, he did. Send me a selfie this morning so
• 4:23
  I know he's in a good mood Opti 1 through 10.
• 4:27
  How much coffee did you consume this morning?
• 4:31
  What's uppercut basis? I'm going to go.
• 4:34
  To because I only had two cups of coffee this morning, so not a
• 4:37
  whole pot but hey, you know, sometimes I don't need a whole
• 4:40
  pot. I got some rest last night,
• 4:41
  Nico. I think I slept for like, 10
• 4:43
  hours, so I'm good to go. I went to bed at like 8:00, like
• 4:46
  an old guy, that some good news. Yes, it is very exciting.
• 4:52
  And of course, the mic the mic. Ah, the man, the myth, the
• 4:56
  legend, Mike, Meuse himself. He is the managing director at
• 5:00
  managing partner at lightning Ventures, how you doing, Mike?
• 5:04
  I'm better than excellent. Thank you for asking.
• 5:07
  Wow, certainly had more than two cups of coffee.
• 5:11
  Sure. That's why you're better than
• 5:13
  excellent. Absolutely.
• 5:16
  Yeah, I love that Opa plug in the beginning.
• 5:19
  That's pretty cool. You know, keep the spammers out.
• 5:21
  Hit us up there but I'm Opti good to hang with you again and
• 5:27
  yeah thanks for having me on and hanging man.
• 5:30
  It's an honor and for anyone who doesn't know, lightning Ventures
• 5:33
  it. A VC.
• 5:35
  It's a VC focused exclusively on bitcoin companies, right?
• 5:40
  And you guys fun, Bitcoin companies, you guys make you
• 5:43
  guys are a big, you know, you contribute to a lot of these
• 5:46
  companies growth and expansion strategies because you need
• 5:51
  money to do that. So I think you play a key role
• 5:54
  in these echo system or like we like to call it and the peaceful
• 5:57
  Bitcoin Revolution. I'm going to spend the whole
• 5:59
  culture segment focusing on just that focusing on Lightning
• 6:02
  Ventures because I I think a lot of people don't really see this
• 6:07
  side of Bitcoin and I think it's, it's equally as important
• 6:11
  anyways, everybody no more delay.
• 6:13
  Let's jump straight into the show.
• 6:15
  Let's do it. The Bitcoin members brought to
• 6:20
  you by novel at this point. You should be running your own
• 6:23
  Bitcoin note. If you don't use your own
• 6:25
  Bitcoin node, you're trusting someone else's run your own
• 6:28
  version of Bitcoin core. The lightning Network, whirlpool
• 6:31
  and Dojo all from the comfort of Of your own home.
• 6:34
  And if your digital Nomad, you have absolutely no excuse
• 6:38
  because now you can run a novel through a virtual private
• 6:41
  server. Visit not L.E you today.
• 6:43
  Everybody else. I want to tell you about the
• 6:45
  biggest Bitcoin conference on the face of the Earth.
• 6:47
  It's coming up literally next week, Bitcoin 2023, Miami Beach
• 6:53
  Florida May 18th through the 20th and you can use the promo
• 6:57
  code simply to get yourself a big discount.
• 7:00
  This is the biggest Bitcoin celebration of the year and the
• 7:04
  a list is absolutely insane. We have a presidential candidate
• 7:08
  currently in second-rate second. Place in the Democratic
• 7:12
  Democratic presidential primary, we have Robert F, Kennedy Jr.
• 7:16
  Related to the to the president in the 60s, Michael Lewis, he's
• 7:23
  the author of The Big Short Moneyball.
• 7:24
  We have the Chad sailor, of course, Arthur Hays.
• 7:26
  Alex gladstein, Tulsi gabbard Eric Weinstein, Jack mahler's.
• 7:30
  We have a member of government from the country of Indonesia.
• 7:33
  We have Adam back. We have Stacy Herbert, Senator,
• 7:35
  Cynthia lummis, we have Dylan Leclair, Lynn Alden, Mike's
• 7:39
  going to be speaking there. Opt, he's going to be speaking
• 7:41
  there to be holding it down analyst desk.
• 7:43
  I'm going to be on a couple panels as well.
• 7:45
  Think I'm going to be an on the analyst on an analyst desk as
• 7:48
  well. If you're looking to get a job
• 7:49
  in the space, there's no better place.
• 7:51
  You have to go to bitcoin 2023, do it quickly, I mean, you're
• 7:55
  going to have to plan it out because the conference is
• 7:57
  literally a week away. You definitely want to miss the
• 8:00
  biggest Bitcoin celebration of the Year Bitcoin. 20 23 promo
• 8:04
  Code simply at the time of recording, the Bitcoin, price is
• 8:06
  27,000. 425 SATs per dollar, 3646 block, height 780, 1958
• 8:14
  reachable Bitcoin nodes, 17,000, 96 and blocks to having 50, 1050
• 8:24
  1042 having estimate. April 22nd 2024 total lightning
• 8:29
  network capacity, 5,000 387 Bitcoin capacity Valley. 47
• 8:34
  million, u.s. dollars and the realized monetary inflation rate
• 8:37
  is 1.75 percent and the market capitalization is 531 billion
• 8:44
  dollars with Abby. Anyways, today we want to talk
• 8:49
  about, we always kind of compare it compare and contrast the the
• 8:53
  two differences and I think the what I what I really want to
• 8:58
  compare and contrast today is, you know, they're we're hearing
• 9:03
  this on a lot of the The political channels were hearing
• 9:05
  this talk about, you know the debt ceiling and about how
• 9:08
  important it is and about how the country's knock it is
• 9:12
  basically going to fall on like catch on fire if it's not Ray.
• 9:15
  So we're going to talk a little bit about the debt ceiling.
• 9:18
  What it is, what the actual definition of it of it is what
• 9:22
  the implication with the long-term implications of it
• 9:25
  are. But here is treasury secretary.
• 9:27
  Janet Yellen in she was questioned about, you know, what
• 9:31
  are the, what would be the potential consequences?
• 9:34
  Not raising the debt ceiling. This was her on CNBC yesterday.
• 9:38
  Let's check out the clip. Is it free?
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  Treasury secretary has known the only option that really lose our
• 9:46
  economy in. Good shape is in our financial
• 9:50
  system. Is raising the debt ceiling and
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  making clear that Congress stands behind the basic
• 9:58
  principle. That America pays its bills were
• 10:01
  not a deadbeat country. And if that's compromised, even
• 10:07
  in the run-up to it, if it looks like we're going to go up
• 10:10
  against the ceiling and may not get it done that we'll have
• 10:13
  tremendously adverse effects on financial markets in the
• 10:18
  economy. So they just is no good option
• 10:22
  to raise the debt ceiling borrow more money, also known as
• 10:25
  printing more money. And then this thing that she
• 10:29
  said about America is not a deadbeat Nation based pays its
• 10:33
  bills. America has defaulted many times
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  and the one that's the most famous with bitcoiners is the
• 10:40
  when Richard Nixon took us off the gold standard in 1971, which
• 10:44
  led to basically the Advent of Fiat and the ability for the
• 10:49
  government to just continue to create money for free unchecked
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  whatsoever. At least before, you know, they
• 10:55
  couldn't do that because it had to be backed by gold that
• 10:58
  removed it all together. So yeah, no, that's BS.
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  America has defaulted on its debts before multiple times, not
• 11:06
  just in 1971, but first, let's define what the debt limit is.
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  Here is from the US Treasury website itself.
• 11:13
  And it says, the debt limit is the total amount of money that
• 11:16
  the United States government is authorized to borrow to meet its
• 11:19
  existing legal obligations, including Social Security,
• 11:22
  Medicare benefits military salaries interest on the
• 11:25
  national debt tax refunds and other payments now.
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  But here's the thing United States spend so much money that
• 11:34
  there is no Country on or Earth or Sovereign, wealth fund, may
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  you can make the argument that that's the same thing or let's
• 11:41
  say just the the private Market that has the ability to buy that
• 11:47
  many bonds at the US treasuries issuing, right?
• 11:50
  So who buys these bonds? The Federal Reserve buys them
• 11:53
  right. Anyways, so moving on, let's
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  let's go through some some data. Here's the total public debt as
• 12:00
  a percentage of the glow of the gross domestic product
• 12:04
  currently. We Envy the amount of debt is
• 12:08
  100 between 120 and 140 percent more than the GDP of the us, and
• 12:13
  that number continues to go up. As you can see, it is literally
• 12:18
  a hockey, stick, hockey, stick up into this, right?
• 12:21
  This data goes all the way back to 1966, interesting, right.
• 12:25
  In 1971, it seems like it started to accelerate a little
• 12:29
  bit. Here's 2008 when they started
• 12:31
  the QE experiment and here is following up. 20 21 day printed
• 12:36
  the money due to the pandemic. So I mean like yeah raise the
• 12:40
  debt ceiling there inevitably going to have to, but I mean
• 12:43
  who's really paying the the, the price for this, you know, it's
• 12:47
  the younger generation. I think a lot of these
• 12:49
  politicians do to Mother Nature, they're not going to be around
• 12:52
  in 10, 20 years. Now here's the now here's where
• 12:57
  the Crux of the issue is right? Is that every single year, a
• 13:02
  bigger and bigger percentage of Of the government.
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  Budget just goes down, just goes to paying the interest on that
• 13:11
  debt. It doesn't even go to, you know,
• 13:13
  Medicare these things that politicians talk about isn't go
• 13:16
  to medicare's social program military expenditures.
• 13:19
  It goes to just playing paying the interest rate.
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  And again, this chart goes all the way back down to 1947 and as
• 13:28
  you see, it is a hockey stick up into the right now.
• 13:32
  What percentage of the GDP P or sorry.
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  The the national budget every single year is going to just
• 13:39
  paying the interest rate. So currently the only thing that
• 13:43
  you know, that that that they're spending more money on at the
• 13:46
  moment but not for very long based on how fast it's rising.
• 13:51
  Is the the budget own, they spend more of the budget on
• 13:55
  Medicare and Social Security but everything else income income
• 13:59
  security, you know, defense non-defense.
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  We are currently Paying more on interest on that debt than we're
• 14:07
  paying on everything else. And at the same time, you see
• 14:10
  Janet Yellen, she's making the case.
• 14:12
  We have to make the, we have to make, we have to raise the debt
• 14:15
  ceiling. It's going to be catastrophic if
• 14:18
  we don't do it, but at the same time, you know?
• 14:20
  They just announced this came out, May 9th, 2023 B
• 14:24
  Administration announces additional security assistance
• 14:27
  for Ukraine, and they basically sending another one point two
• 14:32
  billion dollars. So, I mean, how could you take
• 14:34
  them Seriously, right there. Like how could you take this as
• 14:38
  like look and average everyday plug which is like commenting is
• 14:41
  like, I'm glad that they have their priorities straight.
• 14:43
  So it's like, like one, like, one side is like, hey, we have
• 14:47
  to raise this debt ceiling. We have to allow us to borrow
• 14:49
  more money currently, the US government is spending a
• 14:52
  trillion dollars every year, more than its collecting in tax
• 14:56
  revenue. So, I mean, you can't really
• 14:58
  take it. You can't really take them
• 14:59
  seriously at this point. Here is the u.s. debt clock.
• 15:03
  And as you can see, it just keeps Continues to go up.
• 15:06
  The national debt is currently 31 trillion dollars, right now,
• 15:12
  debt per citizen ninety four, thousand dollars debt per
• 15:16
  taxpayer, 247 thousand dollars. So I mean like you can't even
• 15:23
  think like there's no way that they're ever going to pay this
• 15:26
  pay this back and we're going to reach a point where the interest
• 15:29
  payments are so high that it's going to be the interest
• 15:33
  payments alone. Own are going to take the
• 15:35
  majority US, the US budget in the year.
• 15:39
  So I mean, so that's their system.
• 15:42
  That's what they're advocating for, you know?
• 15:45
  But this is why Bitcoin this is why Bitcoin exist.
• 15:47
  This is why Bitcoin is here. This is total clown world.
• 15:50
  You're seeing clown world happen and I think that there's a lot
• 15:55
  of unintended consequences of this crazy Fiat experiment, and
• 16:00
  I think a lot of these politicians that are advocating
• 16:03
  for this, a lot of these, Politicians that are pushing.
• 16:05
  This forward are not going to be the ones that feel the full
• 16:09
  brunt of their actions. It's really going to be the
• 16:13
  younger Generations. The Gen xers, the Millennials,
• 16:17
  the Gen Z. I don't know what comes before
• 16:19
  gen Z. But yeah, man, this is this is
• 16:21
  they're stealing from our future to pay for the now and some of
• 16:26
  what they're paying for the now is funding a war in Ukraine,
• 16:30
  with, with a nuclear arms Nation like like and look, here's the
• 16:35
  thing, guys, if they didn't have the money printer, They wouldn't
• 16:40
  be able to do that because they would only be able to raise
• 16:43
  money through direct taxation now.
• 16:47
  Could you imagine if the guy in the suit on TV, goes on goes on
• 16:51
  and says, hey guys, we're raising the income tax more than
• 16:54
  it already. Is now because we want to fund a
• 16:57
  war thousands of miles away, they would literally be a
• 16:59
  revolution on the street. But the reason that they're able
• 17:01
  to get away with it, is they get that money through the hidden
• 17:05
  tax of inflation. Which a lot of people are just
• 17:07
  not aware of. A lot of people don't know how
• 17:09
  much. He works, right?
• 17:10
  So anyways, this is what we're going through.
• 17:12
  I'm going to get a Mike stake on this first and then we'll move
• 17:15
  on to Opti. Well, my take just to let you
• 17:19
  know that Generation Y comes before Z and that's also known
• 17:25
  as the millennial. So just wanted to get that out
• 17:29
  there. No, I mean I'm thankful that
• 17:30
  there's no debtor prison so that you can't just go to jail for
• 17:35
  whatever you, oh, right? I mean, the government is just
• 17:37
  crazy. I haven't looked at those
• 17:38
  numbers in. While it's, it's unbelievable.
• 17:44
  But yeah, speaking of money, power and politics is too heavy
• 17:48
  way to start. We're chatting about the evil
• 17:51
  beasts. He's right, Sofia right.
• 17:54
  Just like a lot of different different Industries out there
• 17:57
  that can get a bad rap. Right?
• 17:59
  Attorneys can get a bad rap or guy.
• 18:02
  Selling cars can get a bad rap but VC's often get a bad rap.
• 18:06
  So hopefully we can Talk about how amazing the Bitcoin DC world
• 18:12
  is and how you can participate as an individual.
• 18:15
  If you want to get involved with investing yourself, you know,
• 18:20
  you don't need big minimums and can support companies and why
• 18:24
  kind of early-stage Technology investing is generally, kind of
• 18:29
  kept away from retail, and can you talk a little bit about
• 18:33
  that? Right?
• 18:34
  Because there's a, there's a limit, right?
• 18:35
  There's a limit right there, you have to be worth, you have to
• 18:39
  have liquid assets of over a million dollars for you to get
• 18:43
  exposure or two for you, which is an absurd amount.
• 18:47
  So, the government's paying basically saying, you're too
• 18:49
  stupid or you're too poor, and if you don't have a certain
• 18:53
  amount of liquid assets, you're not entitled to invest like the,
• 18:58
  the elites do. So, could you talk a little bit
• 19:00
  about how that currently works? Oh, the accredited investor
• 19:04
  scam. You think that we should all be
• 19:07
  protesting in the middle of the streets?
• 19:09
  The thing everyone should be up in arms over.
• 19:11
  Yeah, absolutely. Basically you have to meet this
• 19:15
  level of nonsense, write these numbers of how sophisticated you
• 19:20
  are as an investor and apparently the government thinks
• 19:23
  that your sophistication level is directly correlated with how
• 19:27
  much money you have, right? When these two things should be
• 19:30
  judged completely differently. Okay, if there was an accredited
• 19:34
  investor sort of little tests you had to fill out online.
• 19:37
  Oh yeah, I'm accredited. I did the 30-hour bullshit.
• 19:40
  Okay, that would be one thing, right?
• 19:42
  But the government says, no, no. You have to actually make a
• 19:45
  bunch of money and then you can lose it, right?
• 19:49
  And then we don't care if you lose it, right?
• 19:51
  But if, you know really, I think it's just to keep people out of
• 19:55
  probably the most powerful way to grow wealth.
• 19:59
  That's how people get wealthy is investing in early.
• 20:02
  Knology and, you know, the SEC has a very interesting take on
• 20:07
  how you are accredited, right? Because you don't need to
• 20:10
  actually submit any documentation.
• 20:12
  You just have to, you know, click the right button.
• 20:15
  So, you know, one of the requirements is you've had to
• 20:19
  make two hundred thousand dollars in the previous year and
• 20:22
  have the expectation that you're going to make it this year,
• 20:25
  right? And if you're a positive
• 20:26
  thinking person, I'm always thinking.
• 20:28
  Positive. So, you know, that would just
• 20:31
  clicking. Yes, there you It'd be an
• 20:33
  accredited investor. You know, people think there's
• 20:35
  all of these other documents but really, it's kind of just a
• 20:38
  gate, you know, to keep the riffraff out, but yeah, it's
• 20:42
  absolutely absurd. That you can walk in any casino
• 20:45
  in America and lose your life savings on a hand of blackjack
• 20:48
  or a spin of a of a wheel. Not only that, but that's their
• 20:52
  business model, right? They plan on you losing, that's
• 20:55
  part of the scam. It's baked in that you will lose
• 20:59
  right, but that's completely fine.
• 21:01
  But you know, if you want to Thousand bucks into the orange
• 21:04
  pill app or, you know, one of these companies right?
• 21:08
  Even early on maybe you were in Block stream or one of these
• 21:10
  monsters or lightning Labs, you know, or people that are really
• 21:14
  building the future, you can't do that unless you meet this
• 21:18
  ridiculous thing. Now that's loosened since 2013,
• 21:20
  they came out with this jolts jumpstart.
• 21:24
  I job jumpstart our small businesses and basically that
• 21:29
  allowed for some retail to start participating with.
• 21:32
  Like the reg CF crowdfunding and the reggae and some of this
• 21:36
  stuff but really not a lot. It's very slow that also made
• 21:40
  it. So a company could raise
• 21:41
  directly from other people, which until then was not
• 21:44
  possible. You can just be like, this is my
• 21:46
  company. And if anyone wants to invest,
• 21:48
  you know, a hundred bucks or whatever, I want to be able to
• 21:52
  allow that to happen. And to Market it effectively, or
• 21:56
  just to let you kind of your captive core enthusiastic
• 22:00
  audience know that they can invest.
• 22:02
  Just, you know, and a lot of times, those are your best
• 22:04
  investors, right? People who love your company,
• 22:07
  not kind of dead weight sitting around.
• 22:09
  So these laws have loosened over time.
• 22:11
  I hope they continue to loosen and I want you to know that I'm
• 22:15
  100% against the entire scam of the accredited nonsense.
• 22:19
  Yeah. And then, at the same time,
• 22:20
  right? It's like, you know, they come
• 22:22
  out and they say, okay, you know, we want what's best for
• 22:25
  you, we want, what's this? But you know, the other hand
• 22:28
  they're just like, yeah, raise, the debt ceiling which your
• 22:30
  children going to have to pay? You know, they're Taking out of
• 22:33
  your pocket. So it's like the people that are
• 22:35
  supposedly watching for your best interest passing.
• 22:38
  These type of gatekeeper laws at the same time are also spending
• 22:43
  your future you know completely you know completely disconnected
• 22:47
  from reality so it's like it it's just like, it's so
• 22:51
  ridiculous. You know, you can't take these
• 22:53
  people seriously, like perhaps if they had a good reputation,
• 22:56
  perhaps, you know, if they've been making financial decision,
• 23:00
  like proper financial decisions with the countries, Teacher, you
• 23:03
  know, it'd be like, okay, you know, maybe these people care
• 23:05
  about me, but clearly, they don't, I mean their actions
• 23:08
  speak louder than words, raise the debt ceiling.
• 23:11
  Even more of, which the future Generations are going to have,
• 23:14
  they're going to suffer the consequences of that.
• 23:16
  And then also not to mention. This is something that really
• 23:18
  pisses me off is the fact that if you're on a W-2, if you're
• 23:22
  not a contractor and you're an employee, they automatically
• 23:25
  take Medicare out of your salary out of your paycheck of, which
• 23:30
  do you really think after I showed you guys Those charts.
• 23:33
  Do you really think you're going to get a dime out of that back?
• 23:38
  When you reach retirement age, you're not going to see a dime
• 23:41
  of it. So, what is what?
• 23:43
  So, what is it, really? It's a freakin Ponzi scheme.
• 23:47
  That's literally what it is. And you have no option to opt
• 23:51
  out of it. I mean, you do have an option.
• 23:52
  The option is Bitcoin, but you guys get where I'm going with
• 23:55
  this anyways, Opti, what's your take on this bro?
• 23:59
  So maybe my memories feelings But I think you you did.
• 24:04
  You date yelling before Percy or did you date?
• 24:09
  Was it Chrissy? And then you broke up with which
• 24:12
  it was just one good night with both of them together.
• 24:15
  Nico, come on, don't don't, don't get me connected.
• 24:19
  All right, big serious, man. What's the point of the debt
• 24:22
  ceiling? If it keeps moving up?
• 24:24
  You know, like, they'll always find a reason to inch that up
• 24:26
  because I always want to spend more money and I really like
• 24:29
  this comment here in the chat by NJ agent gold.
• 24:32
  He said, the debt ceiling is the limit on congress's credit card
• 24:35
  and they get to choose how high it is.
• 24:36
  They'll never not raise it. And on that point, I saw this on
• 24:41
  Twitter earlier and I went to verify while you guys were
• 24:43
  talking and I'm over here on NPR for the audio listeners and
• 24:49
  here's the headline from MPR Congress has raised the debt
• 24:51
  ceiling 78 times since 1960. So what's that like 1 plus tan
• 24:57
  one point something times a year they raised the debt ceiling.
• 25:00
  It's absolutely laughable imagine In your personal
• 25:03
  finances, like the US government, does you'd be
• 25:05
  bankrupt, intent? It's almost like this is the way
• 25:08
  that it works, but man, we can opt out of this madness where
• 25:12
  bitcoiners, if you don't like this game, at least now there's
• 25:15
  a fair game and you can save in Bitcoin, you don't have to save
• 25:19
  in the dollar because they are robbing you and it's by Design
• 25:23
  guys and the only way to, you know, not get pushed behind is
• 25:28
  by opting out of the dollars. So this is what we talk about
• 25:31
  every single day. It's almost like There's the fix
• 25:33
  to this and it's almost like in Bitcoin, guys.
• 25:36
  You guys know this 100% all right, everybody?
• 25:39
  In honor of Mike being here. Today we're going to we're going
• 25:41
  to jump straight into the culture.
• 25:43
  Then we're going to get to the news in the third segment.
• 25:45
  All right, everybody. Let's do it.
• 25:50
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• 26:45
  And of course, if you have any questions, doubts concerns, you
• 26:47
  can always send me a message on the orange.
• 26:50
  Or on Twitter, DM, and I'll be happy to answer them.
• 26:53
  Anyways, the reason I, I wanted to jump straight into the
• 26:56
  culture segment today is we got, we got the man, the myth, the
• 26:59
  legend, the, the one of the founders of lightning Ventures
• 27:05
  and I think, and I kind of want to double down on it and you
• 27:10
  buried the lead there on the first segment Mike which is this
• 27:13
  idea that VCS get a bad rap, right?
• 27:16
  But at the same time, if you want Bitcoin, pennies to grow,
• 27:21
  right? We are fighting the monetary
• 27:22
  demons, right? Those Bitcoin companies need
• 27:26
  funding in order for them to grow, right?
• 27:29
  So could you take out, you could you first, give a little bit of
• 27:31
  context about what VC is and why it's necessary in in growing
• 27:38
  some company, unless you want to bootstrap it.
• 27:40
  But most people don't have the funds to do that themselves,
• 27:44
  right? Yeah, the world of scaling
• 27:49
  startups and investing and Venture Capital.
• 27:54
  It's so fun. It's to me it's the most
• 27:58
  interesting thing in the world because there's so much you can
• 28:00
  learn depending on how deep you want to go, as far as, you know,
• 28:04
  Founders and Mbps and kpis and just the world of financing and
• 28:10
  just how to bootstrap something where to get funding.
• 28:15
  The psychology of choosing the right investor, you know, you
• 28:18
  have to really do your due diligence on the investor as
• 28:21
  well. If you're building something and
• 28:23
  you can think about that, a lot of different ways.
• 28:25
  If you will answer the phone, if that person calls you at 9 p.m.
• 28:29
  on a Sunday, they're probably a good fit as an investor or a
• 28:33
  Founder, you know? And these are long, low time,
• 28:36
  preference Investments. You're with these companies
• 28:40
  through various life's life cycles, you know, of their life
• 28:43
  cycle and It's it's interesting because Founders only get a
• 28:49
  couple of shots, right? BC's get to do many shots,
• 28:53
  right? Many different term sheet
• 28:54
  negotiations. Many different board seats and,
• 28:59
  and, and it's a Founder, you know, you kind of do it once if
• 29:01
  you don't have that experience. And I think that there should be
• 29:04
  a lot more education, especially within the Bitcoin Community to
• 29:08
  the Bitcoin, Builders and Founders and those teams that
• 29:11
  are scaling it and and how to do it, right?
• 29:14
  So from the Guy who doesn't know how to build anything except
• 29:17
  trying to build, what I'm buildings.
• 29:18
  Lightning Ventures. You know, we don't just invest
• 29:21
  in are gone. It's a relationship that lasts a
• 29:25
  very long time. Sometimes you get pulled in.
• 29:28
  You know, I have ADD, you know, the ATD mindset of having a
• 29:31
  portfolio of companies, it works well because you get pulled into
• 29:35
  one thing, there's a problem, something happens, there's
• 29:37
  something to work through, maybe you're like trying a little bit,
• 29:40
  you're more helpful and involve then and then you're not and
• 29:44
  you're pulled away. And sometimes there are
• 29:46
  companies that you can't do anything for what are we going
• 29:49
  to do for strike? What can we do for Unchained?
• 29:54
  I think they might be past that point, maybe some hiring you
• 29:57
  know, but wait that's that's just where they're at, you know,
• 30:01
  and certain other investors can maybe introduce them to their
• 30:04
  next potential lead, right? And facilitate secondaries and
• 30:07
  help people access liquidity, you know.
• 30:10
  I don't know anyone at Coca-Cola, okay?
• 30:14
  But I certainly Only know how to connect portfolio symmetry
• 30:17
  within our group of companies and things that are going on and
• 30:20
  be as helpful as possible and try to leverage a network of
• 30:23
  people who are also super talented and unique and love
• 30:26
  this, right? And when you put all that
• 30:28
  together and you just try to support and help these companies
• 30:33
  grow and that's really what we're doing.
• 30:36
  It's not some sort of blood sucking industry, you know, and
• 30:40
  I think that that's a lot of the rap that it gets Yeah, and then,
• 30:45
  let's talk about, you know, I think it's necessary, right?
• 30:48
  You you kind of need you need it.
• 30:51
  So you could you talk a little bit about that?
• 30:53
  Like why it's necessary? Mike, because I think a lot of
• 30:56
  these companies would not be able to get off the ground
• 30:59
  without without additional funding.
• 31:02
  Let's think about anything and I like to bring things back to the
• 31:05
  music business a lot, right? So you're a band.
• 31:08
  You have a manager? Okay.
• 31:11
  Why does a band need a manager? Why can't a band?
• 31:14
  Itself. Why can't a group of five
• 31:17
  musicians with their own individual takes on things and
• 31:21
  theories on life and whatever? Why do they need a lawyer for
• 31:25
  their band? Right?
• 31:27
  That's not music. Law, and music.
• 31:29
  Why would we need a lawyer? You need a lawyer.
• 31:31
  Okay? Why would you need a manager?
• 31:32
  Why would you need someone to take 20% off the top and maybe
• 31:35
  help you with vision shaping, and thinking, and critical
• 31:38
  decisions are just be there as a sounding board.
• 31:40
  Why do you need that person? Is it worth 20% in my opinion.
• 31:44
  Absolutely. Absolutely.
• 31:45
  Why would you need a booking agent?
• 31:47
  Can't the manager. Also be the booking agent.
• 31:49
  Now, we're paying a booking agent, you know, 15% of all the
• 31:54
  shows that we perform in that that person books.
• 31:56
  You absolutely need. Okay, an agent.
• 31:59
  So you have all these different roles they just fill so many
• 32:03
  different specific needs and together.
• 32:06
  They work as a team. So when you're a founder and
• 32:09
  you're building something, you may have a co-founder you might
• 32:13
  be a solo founder you. Have two co-founders.
• 32:16
  You might have a CTO, you might have whatever you have, right?
• 32:19
  But you have a team. So then you want to pour
• 32:22
  gasoline on that fire, you need some money.
• 32:25
  Okay? So you can go out and you can
• 32:27
  raise a bit of cash to sell a bit of equity or inequity like
• 32:34
  instrument, okay, of your company.
• 32:36
  And that doesn't mean that person has any kind of control
• 32:39
  over you as a Founder. Okay.
• 32:41
  They can't, like, tell you what to do.
• 32:43
  They are only there to help and support your business at that
• 32:47
  stage, okay? If lightning Ventures invest in
• 32:49
  something, we have zero influence over anything that
• 32:53
  they can do. All we can do is Cheer them on
• 32:57
  read their updates. Try and be proactive with
• 33:00
  introductions and anything that we can do just be helpful, okay?
• 33:04
  We can, we are not in there with board voting rights and all
• 33:08
  these other things that happen kind of at later stages.
• 33:12
  So I think that When you're putting together a cap table of
• 33:18
  advisors, okay? Or investors or whatever you
• 33:23
  need to choose properly. And these people are very
• 33:26
  important. If you have, if you take an
• 33:29
  investment for, let's say that you're in gaming, why not?
• 33:33
  Let's say that you're in gaming and you have a gaming focused
• 33:38
  VC, okay? Who is very impressive in that
• 33:42
  world that would Probably be somebody who could do a lot for
• 33:46
  your business. So that might be something that
• 33:50
  you can manage and then couple that with many other different
• 33:54
  species that have other relationships, right?
• 33:58
  So it's really just assembling a team and you know, some people
• 34:03
  you just need capital. And those people are great to
• 34:06
  somebody with that. Just wants to cut decent-sized
• 34:10
  checks and then they're a dentist during the day but
• 34:13
  they're a Bitcoin. ER and they got the got the one
• 34:16
  earpiece in is they're doing the cavity or whatever.
• 34:18
  You know that person is still very valuable, right?
• 34:21
  He might not be as involved, okay?
• 34:25
  But he reads the emails, he's providing Capital.
• 34:28
  So everyone plays an important role Yeah, 100%.
• 34:33
  And I also, now want to focus on, let's say you are so
• 34:37
  inclined and you want to invest in some of these companies.
• 34:40
  I've done so myself and a couple of them in, you know, how do
• 34:45
  they go about this? Could they, could they do this
• 34:48
  through the lightning Ventures app, and I want to read some of
• 34:50
  them for the, our audio listeners that you guys have
• 34:53
  invested in, which is we have Amber.
• 34:56
  We have a stucco shout-out Beauty on.
• 34:58
  We have the Bitcoin company with Swan on there.
• 35:01
  Are we have Foundation devices? We have Unchained Capital, we
• 35:03
  have orange pill app, we have a geyser, we have scarcity, we
• 35:08
  have start9, we have strike, we have thunder.
• 35:11
  So I mean, like the, you guys have invested in, you know, some
• 35:15
  of the biggest Bitcoin companies in the space.
• 35:20
  How, how if someone wants to partake in that?
• 35:23
  If someone wants to invest in these companies Thunder games?
• 35:26
  I saw there on there as well. How do they go about that?
• 35:30
  So well, there's a few different ways, right?
• 35:34
  Like how do you participate? Well, first off, you can be an
• 35:37
  LP, okay, limited partner in another person's fund, or if we
• 35:42
  were to ever have one and you can invest in a fund and then
• 35:45
  that person Invest it for you. Write these things that you're
• 35:50
  talking about. We also have a deal by deal.
• 35:54
  It's like your own, you just your decision, right?
• 35:57
  You get to read our thoughts, you get to read what we put
• 35:59
  together, and then you can invest a low minimum of 1,000
• 36:02
  bucks or more, right. That's the thing is, it's ngu
• 36:07
  technology. And you should invest in a small
• 36:11
  amount of money. When you get rolling with Angel
• 36:13
  Investing, you should not invest a lot.
• 36:15
  Nor should you sell a bunch of bit?
• 36:17
  Coin to do so. But when you're talking about
• 36:20
  crazy outsized returns that we believe are going to outpace the
• 36:24
  price of Bitcoin. Otherwise we wouldn't do that,
• 36:27
  okay? If I didn't believe that
• 36:28
  investing in early-stage, Bitcoin companies was going to
• 36:31
  end by the way, a lot of them have Bitcoin.
• 36:32
  Treasuries. Okay.
• 36:35
  So first off this Syndicate until I can launch something.
• 36:38
  There's a really cool portfolio company on there.
• 36:40
  Called digital digital markets, they're doing all these things
• 36:43
  with liquid and actual Securities.
• 36:45
  Okay, now When we can fund our Bitcoin companies using Bitcoin
• 36:52
  and not be in this Fiat World trust me.
• 36:56
  I'm trying, but it's very difficult and it takes a lot and
• 37:00
  we're shorts, we're short stacked right now.
• 37:03
  I mean, you know, we're running first pilot fund is no fees and
• 37:08
  we're living. We just don't have a budget for
• 37:11
  something like that, but we're going to make it so you can
• 37:15
  invest Bitcoin. And I've got even more requests
• 37:18
  lately to invest using Bitcoin then Fiat in than ever.
• 37:23
  I mean it's just like some people and they take it out on
• 37:26
  me I'm like, no, I'm sorry. But that's the way it is.
• 37:28
  And they're like, well, I'm not doing it.
• 37:29
  Like, it's not my fault but yes. Okay, so if you're already on
• 37:33
  Angel list, you could actually just apply for our Syndicate.
• 37:37
  There's a link on our website. It's l TN g dot Ventures.
• 37:41
  If you're not in our Syndicate and you want an easy onboarding
• 37:45
  process, that removes a lot. Red tape and necessary, kind of
• 37:50
  waiting period and all this other stuff.
• 37:53
  Then you should fill out our LP application form on the website.
• 37:57
  And we'll send you a custom invite, okay, which will cut a
• 38:01
  lot of that nonsense out of the way.
• 38:03
  But that's only people do that, right?
• 38:05
  So if you're already on Angel list, click the button hit
• 38:08
  apply. If not I would suggest doing the
• 38:10
  lp application and by the way, I want everyone to do the lp
• 38:13
  application anyway, because we need to know your superpowers.
• 38:17
  Like look at look at Nico and Opti right here.
• 38:20
  Like the work that goes into, this is insane.
• 38:23
  This is an absolute superpower to put on all this shit that
• 38:26
  you're seeing here and this and that, and chats and livestreams,
• 38:29
  and whatever, whatever. Like, this is a tunt, like they
• 38:33
  are experts, alright? When they are managing your
• 38:35
  YouTube channel or involved with your media day, that is a
• 38:39
  superpower, right? So I would be so lucky if they
• 38:42
  were in lightning Ventures, okay.
• 38:44
  I would be so lucky to even have them in our Fold.
• 38:48
  All right. To be able to step in with a
• 38:49
  company to not only help them potentially invest in them
• 38:54
  potentially, advise them, what if Consulting, whatever?
• 38:58
  Right, but that's the goal. That's the name of the game is
• 39:00
  to get as many amazing people as you can to learn their super
• 39:04
  powers. So that when a company says to
• 39:06
  you, hey, you know, we don't really want to hire a director
• 39:08
  of like marketing, you know, but we want kind of like a
• 39:11
  fractional. Like, here's what we need, you
• 39:13
  know, we can, we can spend X but we can't just get like Some
• 39:17
  random guy to like run your Twitter, right?
• 39:19
  Because they'll fuck it up. So, you know, and just to be
• 39:22
  able to provide a lot of tools from your network is great, but
• 39:27
  kudos to Opti and Nico. I mean, this is freakin awesome
• 39:31
  man. I well I apprec--, I appreciate
• 39:34
  the love dude. Really, really, really do?
• 39:37
  And yeah, Mike, this is the way that I see it is, you know, this
• 39:43
  is, we are in a peaceful Revolution.
• 39:45
  You got a fun Bitcoin. Is like, if you want to win
• 39:48
  this. Look, we saw it with the mmmm
• 39:51
  space, the mempool there was completely completely full and
• 39:55
  then I was saying yesterday and I got a lot of heat for it is
• 39:58
  like I hope the fees go to $100 per transaction because what
• 40:03
  that's going to do is it's going to Spur Innovation on the
• 40:06
  lightning Network. The likes of which we've never
• 40:08
  seen before, but but to Spur that Innovation, that Innovation
• 40:13
  needs funding and what better funding to come.
• 40:16
  From a Bitcoin only VC, right? So someone who was a Bitcoin or
• 40:23
  through-and-through believes in Bitcoin believes that Bitcoin is
• 40:26
  going to make the world a better place, right?
• 40:28
  And you can tap into that and not to mention all the resources
• 40:32
  that you know, you guys could provide and all the advisement
• 40:35
  that you guys could provide to, you know, Bitcoin companies that
• 40:38
  are on the come up. And one of the things that I
• 40:40
  always hear, it's like, like okay, like Nico, like, it's
• 40:43
  like, why don't you, why don't you just invest in Bitcoin, you
• 40:46
  don't have to do you. Only just invest in Bitcoin, but
• 40:48
  the reality is that we do need the infrastructure in order to
• 40:52
  become the next Global Reserve currency like, there needs to be
• 40:56
  Bitcoin companies that are being built.
• 40:58
  There needs to be blocked stream, there needs to be swans.
• 41:01
  There needs to be orange pill. Obviously obviously swans my
• 41:04
  favorite. But, you know, you guys get the
• 41:06
  gist of this, right? Is that you need Bitcoin
• 41:09
  companies, you need those Bitcoin companies to grow and if
• 41:12
  you want them to grow they need funding and you don't want the
• 41:15
  funding to come. Um, Andreessen Horowitz, you
• 41:18
  want the funding to come from fellow bitcoiners.
• 41:21
  So, dude, I applaud your effort. You play such a key role in the
• 41:25
  background. Mike, you know, you play this
• 41:27
  key role in the background that you're helping these Bitcoin
• 41:31
  companies grow. And I really, really want to
• 41:33
  highlight the importance of what it is you do and the mission
• 41:37
  that you're on because it because it is a vital veidt's, a
• 41:41
  Vite. It's a key is a key part of the
• 41:44
  Bitcoin ecosystem to help other Bitcoin.
• 41:47
  Companies grow and also to tap into all the resources that you
• 41:50
  guys provide as well. All right, listen, wait, we have
• 41:53
  to distinguish something here, okay?
• 41:55
  Because everyone has this like, you know, Kumbaya Bitcoin and
• 41:58
  we're all in it together and all that kind of thing.
• 42:01
  But listen, we are not saving the manatees here, this is not
• 42:06
  like geyser, which I love. Okay.
• 42:09
  This is not like crowdfunding, you know, more Global reach and
• 42:15
  ways to like Get your documentary funded or like, you
• 42:19
  know, send a thousand books to, you know, whatever.
• 42:23
  Like you know do that. Okay?
• 42:25
  That is different. Alright, we are investing in
• 42:27
  these companies and we have high expectations that not only are
• 42:33
  these Investments going to outperform the price of Bitcoin.
• 42:39
  But it's the way to complement and like, supercharge your
• 42:43
  diversity to this space. I mean, many of our companies
• 42:46
  are holding Bitcoin, treasuries. I mean, every time that price
• 42:49
  ticks higher, You're Going Back to the Future, the months,
• 42:53
  prior, and you like, your right, your whole, all your numbers
• 42:55
  change, right? With the price when you're on a
• 42:58
  Bitcoin standard. So there's a lot happening there
• 43:01
  and you know, this isn't like it's not like a charity, okay?
• 43:05
  When we choose to invest in something that there are good
• 43:10
  deals, we don't often we don't really lead.
• 43:13
  But we've negotiated terms and been sometimes the First checks
• 43:17
  and I can I can talk about it now because it is actually
• 43:20
  technically a public offering. But, you know, just because it's
• 43:24
  come up, we have a deal for the orange pill out right now.
• 43:27
  Okay, it's alive deal and lightning Ventures.
• 43:30
  Okay, so we have that. So it's a very modest valuation,
• 43:34
  okay, that app 10 Xing from here versus Bitcoin 10, Xing from
• 43:42
  here, the app 10, exiting that stuff can happen in a matter.
• 43:46
  Month. Okay, maybe that can happen with
• 43:49
  the Bitcoin price from here, right?
• 43:50
  Because it's Bitcoin, you can do anything, okay?
• 43:53
  I mean, who knows, right? I would be on the side that it's
• 43:56
  not, okay, that we're not just going to have the million
• 43:59
  dollars in 90 days, but anything can happen, right?
• 44:02
  So, when you invest in these companies, just the sheer shot,
• 44:07
  you know, of, you know, 25,000 dollars in Uber, which would
• 44:10
  have been ridiculous. The time, I mean, that was like
• 44:13
  a hundred million bucks. Okay?
• 44:14
  Now that took 10 years, maybe you Took some money off the
• 44:17
  table in between, but you know where else are you going to get
• 44:21
  returns? Like that?
• 44:22
  Like 25 Grand in Airbnb seed round would have been two
• 44:26
  billion dollars at the IPO like with a be like that's unreal and
• 44:30
  yeah those are like once-in-a-lifetime.
• 44:31
  We're talking about massive companies but still very good
• 44:36
  and if you think we're early to bitcoin we're mad early for the
• 44:40
  Bitcoin ecosystem, right? And there's a difference between
• 44:43
  things like geyser that are doing a lot.
• 44:46
  Fund projects in a non dilute of equity, sort of, way to fund
• 44:51
  things that you want to happen, right?
• 44:52
  Passionate stuff. Okay, to get those and solve
• 44:56
  like for the Canadian trucker issue.
• 44:58
  And a lot of these other things, there's that then there's like
• 45:01
  Builders, right? That are building necessary
• 45:03
  tools but they're not quite like investable, you know, I mean,
• 45:06
  some like node management something-or-other, this that
• 45:10
  all the crap is super test. Net does and like, even Ln B,
• 45:14
  which could be a real business and I hope it is.
• 45:16
  I mean Thing. Ellen B does is like God mode,
• 45:19
  you know. So like all of these things,
• 45:20
  like they're also necessary right there, working on major
• 45:24
  upgrades, right? And those need to get funded,
• 45:26
  but that's not like the VC World.
• 45:29
  We're investing in, you know, crowd health because we think
• 45:32
  it's a thousand times better than just getting regular health
• 45:36
  insurance, you know? I mean, we're investing in like
• 45:39
  Aztec 0 because in like Africa, like it went to Africa, like
• 45:43
  Azteca would just Wildfire. Okay.
• 45:47
  Okay, so these like really big ideas they're hopefully going to
• 45:50
  bring substantial returns and by the way if us at leave you join
• 45:53
  Lightning Ventures and you put a thousand dollars into whatever
• 45:57
  orange pill app like I'm some kind of scammer, right.
• 46:00
  You know what I mean? Like, it's a registered
• 46:02
  broker-dealer, like they're going to, you have documents,
• 46:04
  right? There's you're not real.
• 46:05
  You're never going to lose the seed phrase to that investment,
• 46:08
  okay? You have a ton to potentially
• 46:12
  gain and not really, that much to lose and Directly going up
• 46:18
  against the price of Bitcoin. Like we have our work cut out
• 46:20
  for us, but it's really fun and I think that guy called me a
• 46:26
  scammer. I think that's pretty funny.
• 46:28
  No, I mean, that's fine. That's fine.
• 46:30
  But like at the end of the day, like, you know, this is the
• 46:33
  basis of capitalism, right? This is the basis of capitalism.
• 46:36
  The basis. You have to invest in, you know,
• 46:39
  you have to invest to make companies grow.
• 46:42
  And these are Bitcoin companies, which is why I wanted to talk
• 46:45
  to, you know, if we want this Orange future, right?
• 46:49
  We're going to need the infrastructure in place and then
• 46:51
  who is building the infrastructure, it's Bitcoin.
• 46:54
  Only companies that are you know putting in the time putting in
• 46:57
  the effort to do just that right?
• 47:01
  You wouldn't have a swan without you know investors getting them
• 47:04
  off the ground. You wouldn't have a strike if
• 47:06
  you didn't have, you know, investors getting them off their
• 47:09
  ground. You wouldn't have all these
• 47:10
  Bitcoin companies that you guys regularly use.
• 47:13
  If you didn't have people that were willing to risk their
• 47:15
  capital, To believe in the, in the vision of the founder to get
• 47:19
  these off the ground. This is literally the basis of
• 47:21
  capitalism at the same time, you know?
• 47:25
  If you want if you want to just stick to just a bit coin and you
• 47:29
  know, that's your provide, that's your prerogative.
• 47:31
  You could totally do just that. But I really wanted to highlight
• 47:34
  lightning Ventures today and I want to applaud Mike because
• 47:38
  what you do man is something that is absolutely necessary for
• 47:41
  this ecosystem to grow and it's something that does not get a
• 47:45
  lot of attention and it does not Get a lot of love, but from
• 47:49
  Simply, we appreciate you, man. And we do, we do love what
• 47:53
  you're doing and we think it's absolutely necessary in order to
• 47:57
  fund Bitcoin companies and to make those Bitcoin to help those
• 48:00
  Bitcoin companies grow and to become the behemoths of you know
• 48:05
  the next 10 years man. And I really do believe that.
• 48:08
  Let's take out Goldman Sachs let's take out all these Banks
• 48:11
  you know that are clearly not acting in your best interest.
• 48:15
  Imagine if the if the new New Power Players instead of Goldman
• 48:18
  Sachs and JP Morgan or companies like Swan or companies like
• 48:22
  Unchained or companies like strike.
• 48:23
  You know. But we got it, we got a fight.
• 48:25
  We got to get to that point. And yeah man.
• 48:28
  So if you guys want to get involved, will put more will put
• 48:31
  more information in the video description hit up.
• 48:34
  Mike, he's on Twitter as well. But anyways, guys, no more
• 48:38
  delay. Let's get into the news but
• 48:39
  before we get into the news, guys, I want to tell you about
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  We are stronger. Anyways, everybody.
• 50:48
  So we are witnessing massive adoption on a worldwide scale.
• 50:54
  The Matrix is breaking its Knocking, there's a glitch in
• 50:57
  the matrix. It's they're not going to,
• 50:59
  they're not going to be able to keep this up for an extended
• 51:02
  period of time. This is Reuters, Reuters is not
• 51:04
  a big fan of Bitcoin. They trashed El Salvador in the
• 51:07
  past actually they dedicated a whole op-ed on calling 9 bouquet
• 51:12
  like a crazy person a year later boy.
• 51:15
  Oh boy. Did that blow up in their face?
• 51:18
  Anyways, we are the media now, independent content creators are
• 51:20
  the media now. Anyways, digital coins.
• 51:23
  This is a Reuters headline and says digital Coins ler.
• 51:27
  Inflation weary argentines and Turks.
• 51:31
  Can inherently volatile, cryptocurrencies become, save it
• 51:34
  and safe havens, apparently? I mean, look the so they so in
• 51:38
  media there's something really important called framing, right?
• 51:41
  And framing is the way that you say things and the way that you
• 51:45
  you you bring up these rhetorical questions or you you
• 51:47
  kind of frame it. So they're starting off with the
• 51:50
  frame right? This is can inherently volatile.
• 51:52
  Cryptocurrency become a safe, Hayes right there.
• 51:55
  Their content they're setting the point of discussion, right?
• 52:00
  Argentina has 104 percent inflation, 104 percent
• 52:05
  inflation. In Bitcoin terms.
• 52:09
  Bitcoin is making all-time highs if you compare it to the
• 52:13
  Argentine currency. So just off the bat.
• 52:17
  That is a straight-up misrepresentation, that is the
• 52:20
  spin. That is a media spin.
• 52:23
  Anyways, it goes on to say, apparently they can in some
• 52:26
  parts of the world, such as Argentina and turkey, we're
• 52:29
  soaring prices. And look and tumbling, local
• 52:31
  currencies have forced people to seek refuge and digital coins
• 52:35
  ownership of digital currencies and turkey was the highest in
• 52:39
  the world at 27.1%, followed by Argentina, 23.5 percent, well,
• 52:45
  above the global Bitcoin and shit coin ownership rate.
• 52:48
  Estimated, at 11:11 Point, 11.9% what's common in, Turkey in
• 52:54
  Argentina, besides their pole positions in crypto adoption is
• 52:57
  high inflation which has led to crumble Currencies and capital
• 53:01
  controls to deter local residents from taking money out.
• 53:05
  Do you know how insane insane that is?
• 53:08
  We want to force you to use a money that has 104 percent
• 53:14
  inflation? Like this is nuts.
• 53:16
  Anyways, the Lira and peso have been plunging and are and are at
• 53:20
  record lows, Argentina's peso trades around 464 per dollar in
• 53:26
  the black market, more than double, the exchange rate of
• 53:29
  200. The official exchange rate of
• 53:31
  202. 222. So what does that mean?
• 53:35
  That means that if you exchange peer-to-peer dollars for pesos
• 53:40
  with the average everyday person, the actual rate is four
• 53:44
  hundred and sixty four dollars per peso if you go to like if
• 53:48
  you land in the Argentina airport and you use one of those
• 53:51
  like exchange places, that I'm sure that you guys have seen.
• 53:54
  If you've traveled internationally, if you've gone
• 53:56
  to an airport, the official exchange rate that they'll give
• 54:00
  you Is 222. That's the government trying to
• 54:03
  artificially prop up the value of their currency.
• 54:06
  Anyways, much of the safe-haven buying has been in stable coins
• 54:10
  such as USD and tether which are crypto tokens pegged 1212 a
• 54:15
  traditional asset such as US dollar or gold giving investors
• 54:19
  and alternative to scarce dollars.
• 54:20
  Now if that I'm telling you right now that provides a false
• 54:24
  sense of financial sovereignty, both us DC and tether have And
• 54:30
  done. So in the past Frozen people's
• 54:32
  accounts, right? Not to mention the fact that,
• 54:35
  hey, the US dollar also has has inflation as well.
• 54:39
  It's just a matter of time before people start to wake up
• 54:41
  to the fact that only Bitcoin can provide them true Financial
• 54:46
  sovereignty. Anyways, here is this very, very
• 54:49
  interesting graph or graphic better said and it gives out.
• 54:54
  Basically, it lays out goes from July September 20, 21, and it
• 54:59
  goes to Li September 20, 22 and every single country.
• 55:03
  Except for Malaysia, the average adoption of Bitcoin has gone
• 55:08
  higher in the United Arab Emirates it's sitting at roughly
• 55:11
  20% in Indonesia, it's at 20% in Brazil, it's at 20% in Thailand
• 55:18
  it's at twenty twenty one point nine percent in the Philippines
• 55:22
  23.4% in Argentina 23.5% in Turkey, it's at twenty seven
• 55:28
  point one, Percent. So, it seems like people, and
• 55:32
  this is what we've been talking about for a long time now.
• 55:34
  Right? It seems that people don't
• 55:37
  really care about what the guy, the talking head on TV in a suit
• 55:42
  telling you that it's your patriotic duty to use your state
• 55:46
  currency. They don't really care what that
• 55:48
  person has to say. They're choosing to opt out into
• 55:52
  an alternative because it means being able to provide and put
• 55:56
  your being able to provide for their families and being able to
• 55:59
  put Food on the table for their families as well.
• 56:02
  Now, what do the powers that be think of this, right?
• 56:05
  So we've talked a lot about we've talked a lot about the IMF
• 56:10
  and we're going to continue to do so.
• 56:11
  Because I think that they're anti-human, I think that they're
• 56:14
  it's an evil organization. Perhaps the people that work
• 56:17
  there are, you know, not evil. Perhaps there they have good
• 56:21
  intentions. But I mean like look guys the
• 56:26
  the bailout that Argent that the IMF gave Argentina came with the
• 56:31
  condition that they had, 2D incentivize the adoption of
• 56:35
  Bitcoin. Do you remember how the IMF
• 56:37
  reacted to when El Salvador made Bitcoin legal tender?
• 56:42
  So the question that I have for you guys are these institutions
• 56:46
  really for the are they really concerned for the interest of
• 56:51
  the people in those countries or they really in the business of
• 56:55
  keeping control of those countries, keeping monetary
• 56:59
  control of those Countries. And I think it's a very, very
• 57:02
  important question that we have to ask and something that Alex
• 57:05
  gladstein has done an increase done, incredible work really
• 57:08
  exposing this specific topic. So let's read a little bit about
• 57:13
  the IMF and their so-called, you know, policy procedures to this
• 57:20
  is a press release from the IMF website themselves and it says
• 57:24
  I'm F executive board. Discusses Elements of Effective
• 57:28
  policies for crypto. No assets.
• 57:30
  And here is the part where I think is really, really
• 57:34
  interesting. It goes on to say directors,
• 57:36
  agree, that crypto assets have implications for policies that
• 57:39
  lie at the core of the funds mandate in particular.
• 57:43
  The widespread adoption of crypto assets could undermine
• 57:46
  the effectiveness of monetary policy circumvent Capital flow
• 57:49
  management measures and exacerbate fiscal risks.
• 57:54
  What about 104 percent inflation?
• 57:56
  What about double-digit inflation?
• 57:58
  That most countries around the world.
• 58:00
  The countries that don't have the financial privilege of
• 58:04
  countries that have relatively stable, Fiat currencies, like
• 58:08
  the United States like the developed world, like, Great
• 58:10
  Britain like Europe, what about them?
• 58:13
  It's, it's completely left out of this argument.
• 58:18
  This argument is just talking and they use the use the
• 58:22
  buzzwords, right? Exacerbate, fiscal risks.
• 58:26
  What is a bigger fiscal risk than having to deal with 104
• 58:30
  percent inflation? What is a bigger risk?
• 58:34
  I don't know one, could you tell me one circumvent Capital flow
• 58:39
  management measures? I mean we were reading it here
• 58:43
  in the Reuters article how their Capital control measures was
• 58:47
  there literally. He trying to stop people to get
• 58:51
  out of the peso. Not to mention the fact that
• 58:55
  there are official rate would absolutely recommend the
• 58:58
  official exchange rate of the peso is 222 when the actual
• 59:03
  rate, which they call the black market rate.
• 59:05
  But that's what the actual free market determines is.
• 59:07
  The actual value of the peso is that 464 pesos per dollar.
• 59:13
  So I mean like what is it that they're talking about exactly.
• 59:16
  Anyways, it goes on to say directors therefore emphasized
• 59:19
  that robust macroeconomic policies, include incredible.
• 59:23
  Institutions and monetary policy Frameworks are first order
• 59:27
  requirements. And that the fun advise in these
• 59:29
  areas will remain crucial directors.
• 59:31
  Generally agree that crypto asset should not be granted
• 59:34
  official currency or legal tender status in order to
• 59:37
  safeguard monetary sovereignty and stability.
• 59:41
  What what in 104 percent inflation are they fucking
• 59:45
  talking about? And remember they gave El
• 59:48
  Salvador shit and they use the same Buzz words that Making
• 59:53
  Bitcoin legal tender is a threat to the financial stability of El
• 59:57
  Salvador, 9 bouquet. They basically gave them a
• 1:00:00
  metaphorical middle finger and look at El Salvador today A year
• 1:00:04
  later. After they gave that warning.
• 1:00:06
  What you're seeing in El, Salvador is peace and
• 1:00:08
  prosperity, the likes of the likes of which have never been
• 1:00:11
  seen in that small country and Argentina, which took the advice
• 1:00:17
  of the IMF, will the people in the individuals of Argentina,
• 1:00:20
  got absolutely fucking wrecked. So I don't think the IMF in the
• 1:00:25
  directors and all these people. I don't think that they're
• 1:00:28
  acting in the best interest of these people as they advertise
• 1:00:32
  themselves to be or to do. This is an utter scam, it's a
• 1:00:36
  scam, but it's not only, it's not only the IMF, it's also the
• 1:00:40
  United Nations as the United Nations trade body calls for
• 1:00:44
  halting cryptocurrency, rise in developing countries.
• 1:00:47
  Why are you, why are you trying to Halt something?
• 1:00:51
  That is actually helping people. Well, it's very simple because
• 1:00:55
  they can't control it and because they can't control it.
• 1:00:59
  They can't control you. The central planners that think
• 1:01:03
  they know what's best for you. They can't control you if you
• 1:01:07
  choose to opt out and for now it's stable coins, that's what's
• 1:01:11
  popular because people think that, you know, the dollars
• 1:01:13
  relatively stable but I'm I'm making the the the I guess
• 1:01:19
  prediction that That is that is a short-term thing and that over
• 1:01:23
  time. All roads lead to Bitcoin.
• 1:01:25
  Now what's really interesting and we've covered this article
• 1:01:28
  many many times where it says, you know, All That Glitters Is
• 1:01:33
  Not Gold. But one of their when it which I
• 1:01:35
  can't find right now, but one of their slogans, on top of that
• 1:01:40
  website is prosperity for all. So like do they really mean that
• 1:01:45
  slogan do they actually believe it?
• 1:01:48
  Do they actually really have the best Rest of the people of El
• 1:01:52
  Salvador, do they really have the best interest of the people
• 1:01:54
  of Argentina? Do they really have the best
• 1:01:56
  interest of? You know, the people of turkey
• 1:02:00
  and all these countries that they say they have the best
• 1:02:02
  interest for? Well, you know what?
• 1:02:05
  Words are cheap actions, you know actions?
• 1:02:08
  Take work, right? Actions speak for themselves.
• 1:02:11
  Write the proof is in the work, right?
• 1:02:14
  So, I think the IMF has overstate, its welcome over
• 1:02:19
  overstayed. Definitely has gone completely
• 1:02:23
  away from its originally stated goal.
• 1:02:25
  I think you can even make the argument that they're evil.
• 1:02:29
  I don't think that the people that work at the IMF are
• 1:02:31
  necessarily evil. I really do believe that they
• 1:02:34
  believe in their hearts, that they're doing, what's best?
• 1:02:37
  But, hey, look at the results, the results speak for
• 1:02:40
  themselves. The problem is that the United
• 1:02:42
  Nations, and the IMF, they're going to have to give up some
• 1:02:46
  control. In order for this to happen and
• 1:02:49
  that's going to happen, whether they like it or not, they can't
• 1:02:52
  stop this train. So obviously obviously their
• 1:02:55
  staunch opponents against what's happening because to them.
• 1:03:00
  What it boils down to is power money politics and people opting
• 1:03:04
  out of a system of which they can't control.
• 1:03:07
  They can't debase is a big threat to them.
• 1:03:10
  They've overstayed their welcome, but it doesn't matter
• 1:03:13
  because people are not listening to them anymore and the reason
• 1:03:16
  they're not listening to them anymore.
• 1:03:17
  Or is because the shit that they've promised.
• 1:03:21
  Has it worked. And you know what is working?
• 1:03:24
  You know what, doesn't care, what country you happen to live
• 1:03:27
  in what country you happen to be born in, with the color of your
• 1:03:30
  skin, is what your religion is Bitcoin.
• 1:03:33
  Bitcoin is for everyone. And we have to get them to
• 1:03:38
  acknowledge that we have to get them to admit that because
• 1:03:41
  that's an indefensible position for them and they will not have
• 1:03:45
  a good answer to that. So what they're relying on is
• 1:03:47
  misrepresentation Spin and misinformation basically saying
• 1:03:52
  Bitcoin is a finance is a threat to financial stability.
• 1:03:55
  That's not the case. The IMF and the United Nations
• 1:03:59
  are a threat to financial stability and that is the truth.
• 1:04:03
  Anyways Mike what's your take on this?
• 1:04:05
  And we'll pass it on to opt D, nothing to add.
• 1:04:07
  You just tickled my fancy, you're 100% right there.
• 1:04:12
  One thing I'm curious about those charts.
• 1:04:14
  You know, that it's always crypto and not Bitcoin.
• 1:04:17
  So some of the adoption there, I am really curious is that is
• 1:04:21
  that n FTS, is that yellow stuff or are those numbers more, you
• 1:04:25
  know, as it is Bitcoin, a significant bit of that but I
• 1:04:29
  have nothing to add. I mean what you said was 100%
• 1:04:33
  Thanks man. Yeah, I think so.
• 1:04:34
  According to the article, mostly the vast majority is stable
• 1:04:38
  coins. And the reason it's stable coins
• 1:04:40
  is because a stable, they're using, a lot of people are using
• 1:04:43
  stable coins. In order to like circumvent the
• 1:04:45
  capital controls at these local governments have installed, but
• 1:04:48
  again, I think that's that's a short-term phenomenon.
• 1:04:51
  I think that when people wake up to the fact that, you know, the
• 1:04:54
  u.s. dollar is not stable and what's that mean that's very
• 1:04:58
  popular sats are my stable coin. I think when the world wakes up
• 1:05:02
  to the fact Fact that hey, if I take self custody of my Bitcoin
• 1:05:06
  can't be debased, it can't be confiscated easy and I can
• 1:05:09
  travel anywhere, I Can Vote with my wallet and vote with my feet.
• 1:05:12
  I think that the world is going to wake up to the fact that hey,
• 1:05:16
  you know, it's either Bitcoin or slavery, we said this many times
• 1:05:19
  on the show, all roads, lead to bitcoin.
• 1:05:22
  But it's, I think that this is a good step in the right direction
• 1:05:26
  because at least people are now willing and able to seek
• 1:05:31
  alternatives to The government curd, the local currencies that
• 1:05:35
  governments are providing. And I think in the process it's
• 1:05:38
  exposing those said governments and it's also exposing
• 1:05:41
  institutions like the IMF. Anyways Opti what's your take on
• 1:05:45
  this bro? Well first you know just love
• 1:05:47
  that the world is waking up to the Bitcoin signal.
• 1:05:49
  We talk about it all the time we all know the meme all roads lead
• 1:05:53
  to bitcoin and we know the blueprint you know pain drives
• 1:05:56
  people to change first. They'll probably move into the
• 1:05:58
  dollar then gold and then shit coins and but eventually
• 1:06:01
  everything will funnel into Bitcoin.
• 1:06:02
  As everyone wakes up to what is really happening and it's what
• 1:06:05
  we say here all the time on the show it's not red or blue, it's
• 1:06:09
  about control and freedom. So it's Orange versus green, the
• 1:06:12
  dollar the Fiat system is designed to control you and you
• 1:06:16
  know like who cares what the IMF wants like as an individual just
• 1:06:20
  saving Bitcoin because it means giving you a better life and you
• 1:06:23
  know you have to put the oxygen mask on yourself first, save
• 1:06:26
  yourself. Save and Bitcoin run the
• 1:06:28
  software for yourself, run a Bitcoin node, protect yourself,
• 1:06:31
  and your family. And everything will basically
• 1:06:35
  you know eventually make its way out and people will start to
• 1:06:38
  wake up to the signal. That the only thing they can
• 1:06:40
  really save in is Bitcoin and opting out of this madness.
• 1:06:43
  So again you know I think faucet at first but all roads lead to
• 1:06:47
  bitcoin. It's only a matter of time until
• 1:06:49
  everyone wakes up to what is happening.
• 1:06:50
  So I guess the world just needs a little more pain, I guess we
• 1:06:53
  need the IMF and their friends, the cohorts of a central
• 1:06:58
  planners to continue to try to scramble to control people's
• 1:07:01
  behaviors. Because the more they squeeze,
• 1:07:04
  the more people will go on to the Bitcoin standard.
• 1:07:07
  So again it's all good for Bitcoin and we're just seeing it
• 1:07:10
  happen in real-time 100% And and I like make no mistake, they are
• 1:07:15
  the strongest advocates for Bitcoin, they're the strongest
• 1:07:19
  marketing arm of Bitcoin is the IMF.
• 1:07:22
  It is the world's governments because it's like the more they
• 1:07:25
  say these things. The more they get caught on
• 1:07:27
  lies, the more people start to say enough is enough, I got to
• 1:07:31
  provide for my family. Got to use the money that
• 1:07:33
  doesn't steal from me, you know? And then here is the very basic
• 1:07:37
  question that I think once the the mass Consciousness starts
• 1:07:42
  asking this, I think it's game over its game set and match,
• 1:07:45
  which is, why are we being forced to use money that steals
• 1:07:48
  from us? Why is that?
• 1:07:50
  Well, why does money have to steal from us?
• 1:07:52
  I think, once people start asking that question, the vast
• 1:07:56
  majority of people start asking that questions, governments will
• 1:07:58
  not have a good response, their only response some As
• 1:08:02
  representations Spin. And of course, they try to
• 1:08:06
  coerce people to use the Central Bank digital currencies, which
• 1:08:09
  they don't want, they don't want to use them.
• 1:08:11
  Because Central Bank, digital currencies do not solve
• 1:08:14
  inflation. We don't want more efficient
• 1:08:17
  payments. We have the fucking lightning
• 1:08:19
  lightning Network, we just want money that doesn't steal from us
• 1:08:24
  and that is Bitcoin, of course. Anyways, everybody, let's get to
• 1:08:27
  the meme review Opti. Let's do it.
• 1:08:32
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• 1:08:58
  All right guys, before we get into the meme review, I want to
• 1:09:01
  You about simply Bitcoin is throwing its first live event.
• 1:09:04
  I'm talking about the touching tips ceremony which I'm doing
• 1:09:08
  with BTC sessions. We're going to be having a live
• 1:09:11
  show Tuesday, May 16th at 11 a.m. during the Bitcoin
• 1:09:15
  conference week, it's going to be at Bitcoin Grove.
• 1:09:18
  What is happening? I will be dying, a strip of my
• 1:09:23
  hair blond by the lovely mrs. Sessions will be having a live
• 1:09:27
  simply sessions news show, stream will be having giveaways
• 1:09:30
  and Rises. The Luscious golden locks of BTC
• 1:09:34
  sessions, and myself, will combine, and possibly create a
• 1:09:37
  God can do the likes of which Bitcoin has never seen.
• 1:09:40
  We also have a few drinks and enjoy each other's company.
• 1:09:43
  I hope to see a lot of you guys there.
• 1:09:45
  There's more. If you want to know more
• 1:09:47
  details, you want to purchase the purchase tickets.
• 1:09:49
  It's all in the video description.
• 1:09:51
  I hope to see you guys there. Anyways, Opti, what type of
• 1:09:54
  means do you have lined up for us today, brother?
• 1:09:57
  Well, I'm not going to lie, Nico.
• 1:09:59
  I thought you were going to rug pull them.
• 1:10:00
  Games today because we went long and I was just, I was getting
• 1:10:04
  ready for the, the tomatoes from everyone.
• 1:10:06
  But you guys already know the deal tweet to the bullets.
• 1:10:08
  M, their artillery. We are in an information War
• 1:10:11
  right now and you guys are on the front lines.
• 1:10:14
  You guys continue to get the cause of action.
• 1:10:16
  You continue to ridicule the corporate press and you continue
• 1:10:20
  to make our lives better by making us laugh.
• 1:10:22
  Anyways, the first meme is we had my eyes on the show.
• 1:10:25
  So I was on your Twitter and I saw one of the first things of
• 1:10:29
  the last things. You guys tweeted was a Fect meme
• 1:10:31
  so I'm like, alright perfect. So here we go, lightning
• 1:10:33
  Ventures. It goes.
• 1:10:34
  These scam coins are getting crazy and there's a picture of
• 1:10:37
  the hundred dollar bill. And it goes, these scam coins
• 1:10:40
  are getting crazy, someone just showed me.
• 1:10:42
  This one, 27 trillion, in circulation, Unlimited Supply
• 1:10:45
  cap only one node. 25% of Supply mentioned in the last six months
• 1:10:49
  and 1% of holders own 30%. What shit coin is this.
• 1:10:54
  It is the American dollar. These scam coined are getting
• 1:10:57
  crazy. Okay, this next one is by the
• 1:10:59
  BTC therapist in the ghost. Time is running out hashtag
• 1:11:02
  Bitcoin and we got Louis from Family Guy on it and she's
• 1:11:07
  looking at her pills and it goes when the PTC having is less than
• 1:11:10
  one year away. And the pills is cheap set and
• 1:11:13
  it is her freaking out because we are already 100% in Bitcoin
• 1:11:17
  and we still have cheap SATs and we need to figure out how to get
• 1:11:21
  more Bitcoin. I feel the pain.
• 1:11:23
  Okay this next one is by Magoo and it goes simplistic
• 1:11:27
  articulation of why Bitcoin And we got a little chart here and
• 1:11:32
  goes, corrupt money, leading to corrupt incentives, which
• 1:11:35
  corrupts the money more, which eventually corrupt society,
• 1:11:38
  which continues to corrupt incentives and it's all just as
• 1:11:42
  circular negative feedback loop of corrupting the money, which
• 1:11:46
  eventually lead to corrupting society and you guys are feeling
• 1:11:48
  the pain because you guys are part of it.
• 1:11:50
  Anyways, this next team is by BTC Padre and it goes, I've
• 1:11:53
  learned a lot today. Mostly a lot of you are
• 1:11:56
  emotional and the other half are psychos that know, too much
• 1:11:59
  about the protocol. And We got the Matthew
• 1:12:02
  McConaughey Meme here, but it's actually a Pepe with laser eyes.
• 1:12:05
  Smoking a cigarette. Looking at its phone, just
• 1:12:07
  stressed out and wondering what everyone is talking about.
• 1:12:11
  Tldr, everyone is emotional and the other life is just complete
• 1:12:14
  cycles and know way too much about the Bitcoin Network.
• 1:12:16
  Anyways, its next meme is by BTC session and it goes.
• 1:12:20
  If you run any sort of business that accepts Bitcoin, you're
• 1:12:23
  going to start looking like a clown.
• 1:12:24
  If you can't handle, lightning payments and I forget what show
• 1:12:27
  this is. It's on car.
• 1:12:30
  Do not work, but a guys, he's beating him with a book and goes
• 1:12:33
  time to learn about the lightning Network anyways.
• 1:12:36
  This next meme is by Pub, Lord, hot on.
• 1:12:38
  It goes few. Cheers with some be with some
• 1:12:40
  beers and I still don't know what show this is from guys.
• 1:12:44
  Nicolas Cage in the Pedro, Pascal.
• 1:12:47
  I know, I know who they are, but I don't know what the show is,
• 1:12:49
  or what? It's a commercial.
• 1:12:50
  I don't, I don't know. Anyways, we got Nicolas Cage and
• 1:12:52
  goes why are you laughing? The bees are so high.
• 1:12:55
  And we got what's-his-name, Pedro, Nunes, I don't fucking so
• 1:12:58
  it doesn't matter to me. This is the way, This next one
• 1:13:01
  is a continuation of what we say here.
• 1:13:03
  All the time, this is by Liberty Capital, your Declarations of
• 1:13:06
  memes. And it's a signal is getting out
• 1:13:09
  there guys. It's no longer Democrat versus
• 1:13:11
  Republican, its control versus Freedom.
• 1:13:13
  This is the framing guys, it's not left or right, it just
• 1:13:16
  Orange versus green. It is about total control and
• 1:13:20
  freedom and you opting out on the Bitcoin Network.
• 1:13:23
  Anyway, Drop Your Meme review score in the chat and we will
• 1:13:26
  cover them live as we cover hours.
• 1:13:28
  Anyways, I'm running out of things.
• 1:13:30
  Here, Nico. So I'm looking around and I have
• 1:13:34
  my electrical plug that is it's actually plugged into the wall,
• 1:13:39
  still so. Oh, I live electrical play Live
• 1:13:42
  electrical plug, electrical plug.
• 1:13:47
  I'm digging through my desk, bro.
• 1:13:48
  Oh, I got something. I'm going to give it an orange
• 1:13:52
  lock. It's not just a lock.
• 1:13:56
  It's an orange. Lock orange.
• 1:14:00
  Yeah, that's right. Anyways, Mike, what would you
• 1:14:03
  give those memes? What is that?
• 1:14:10
  It's a gold. It's a vape at the goal.
• 1:14:15
  The goal is some, some good scores.
• 1:14:18
  Anyways guys, before we start reading some of the viewers
• 1:14:20
  scores, I want to give a shout-out to our awesome
• 1:14:23
  clothing sponsor opting. I wear the merge every single
• 1:14:27
  day. I'm wearing the classic simply
• 1:14:29
  Bitcoin camo, hoodie, opt he's wearing the dad hat.
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  He's wearing also the black, the the black classic white
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  represent, hoodie with this with the symbol.
• 1:14:38
  There are snapbacks that are still Available, you can scan
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  the QR code on screen. It will take you there, and you
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  yourself a discount, anything on the represent LTD.com store.
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  Check out all their other stuff. It's also really, really, really
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  bad ass. Anyways, Opti, let's get to the
• 1:14:59
  scores, but first, you have to cue the epic music.
• 1:15:07
  Be aware and focused. I give those memes Bob Dylan
• 1:15:10
  vocals on the song, Pump It Up. You've got to pump it up.
• 1:15:13
  Okay. Okay.
• 1:15:15
  Very nice Bitcoin for Canadians. I gave those memes.
• 1:15:19
  Niko's hot hair day dying ceremony gone.
• 1:15:21
  Wrong you shared he shaves his beard off.
• 1:15:24
  And so say that now I'm scared off these coffee.
• 1:15:30
  You txo stuck in. Mempool says, the audience at
• 1:15:34
  the live event. Also, In tips with Niko and
• 1:15:37
  sessions, I like it. I like it Igor.
• 1:15:40
  I give those memes all the once at by transactions in the
• 1:15:44
  waiting room. Ran more memes score Bitcoin is
• 1:15:49
  one-way Street. Yes, I absolutely agree.
• 1:15:52
  Elaine proof-of-work, documented by by fed and IMF for all their
• 1:15:57
  Fiat, but in pushers would sore fingers Okay.
• 1:16:06
  We end the meme score because of the buzzer.
• 1:16:08
  No, other reason guys, if you haven't already done.
• 1:16:14
  So, subscribe to the audio over Audio Only version of the show.
• 1:16:17
  We could find us on anchor Spotify.
• 1:16:19
  Apple Fountain, we appreciate all the love that we're getting
• 1:16:21
  on Fountain. Guys, thank you so much for
• 1:16:24
  helping the show. Stay on are also, check out our
• 1:16:27
  sub stack, everything we do is absolutely free, but if you do
• 1:16:31
  want to support the show, you got to go.
• 1:16:33
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• 1:16:37
  subscribe to our sub stack, seven bucks a month.
• 1:16:39
  But like I said, everything we do is free but we really do
• 1:16:42
  appreciate the support if you feel so inclined.
• 1:16:45
  Anyways, I also want to thank our special guest for today Mike
• 1:16:49
  managing partner at lightning Ventures.
• 1:16:51
  Mike, thank you so much for joining us.
• 1:16:52
  Why don't you tell everybody where they can find you on the
• 1:16:54
  interwebs? Sure?
• 1:16:56
  My friends call me, Meuse, my Twitter handle is Mike Jarvis
• 1:17:00
  Jr. M uz our It is LT NG Ventures or
• 1:17:05
  if you just search for lightning Ventures, we invest in Bitcoin
• 1:17:08
  companies and we try to spread that our Vigor and enthusiasm
• 1:17:12
  for that. I'll be in Miami.
• 1:17:14
  We're having a lightning Ventures party there.
• 1:17:17
  I hope to see you there and hope you're awesome.
• 1:17:21
  Ladies going to belt out some tunes.
• 1:17:23
  She can sing quite a bit. She's like, in the band, we're
• 1:17:26
  going to figure it out but yeah. So Miami should be fun.
• 1:17:30
  And then in Prague, And no idea. What's after that, B Block, boom
• 1:17:35
  and Pacific, and all that good stuff.
• 1:17:38
  Well, it's been an honor, Mike to have you on the show?
• 1:17:41
  Really appreciate it. And look forward to seeing you
• 1:17:44
  next week. Man, it's gonna be great time.
• 1:17:46
  Cool, buddy. Thanks for having me.
• 1:17:47
  All right, bro. Take care.
• 1:17:48
  Alright guys, thank you so much for tuning in to another episode
• 1:17:50
  of Simply Bitcoin live. We really, really appreciate it.
• 1:17:53
  We would not be here without all your guys to support.
• 1:17:56
  If you enjoyed the episode, make sure to smash that like button.
• 1:17:59
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• 1:18:02
  to our YouTube channel. Really really help or a rumble
• 1:18:04
  Channel. We have a we have a nice live
• 1:18:07
  audience from Rumble as well. So we really appreciate you guys
• 1:18:10
  tuning in. And, of course the number one
• 1:18:12
  thing you could do to help push the peaceful Bitcoin Revolution
• 1:18:15
  is share all Bitcoin content, don't share shit coin content
• 1:18:19
  because that's counterproductive but share all Bitcoin content.
• 1:18:22
  Get it out there, get your friends and family.
• 1:18:24
  Orange pill, that's how we're going to win the peaceful
• 1:18:27
  Bitcoin Revolution. If you want to join the after
• 1:18:29
  party, we are co-hosting a spaces with our friends.
• 1:18:33
  Over at Swan Bitcoin best place to build your Bitcoin stack.
• 1:18:36
  Shout out to the best producer in the game producer, Jacob and
• 1:18:39
  we're hosting that all the way till 2 p.m.
• 1:18:41
  Eastern Standard Time. So about 24 minutes of just
• 1:18:44
  conversation good time Opti is going to be holding it down.
• 1:18:48
  Anyways guys that's it for now. We'll see you tomorrow for
• 1:18:51
  another episode of Simply Bitcoin live.
• 1:19:03
  All right, you already know the deal.
• 1:19:05
  It's your boy Opti. We are in Twitter spaces.
• 1:19:09
  I already got someone up here. I'm gonna get trolled by Nate.
• 1:19:12
  I can already feel it in my bones but you already know deal
• 1:19:15
  is a Bitcoin Space by bitcoiners for bitcoiners.
• 1:19:17
  So come up here, add some stew. Sad to the guy I see, tell
• 1:19:22
  laughing down there. Oh man, what a day, what a day?
• 1:19:27
  Well honestly guys, I know I might be throwing a curveball on
• 1:19:31
  you guys here. But there is another space that
• 1:19:35
  I kind of want to get into. So we'll roll this one out for a
• 1:19:38
  little bit but hey Nate. What are you doing?
• 1:19:41
  What do you want to add to the show?
• 1:19:42
  What do you what's? What am I going to get trolled
• 1:19:45
  on, right?