Latest / Simply Bitcoin / Bitcoin IS ON THE VERGE of Going Mainstream | EP 1009

Transcript

Bitcoin IS ON THE VERGE of Going Mainstream | EP 1009 · Simply Bitcoin

• 0:02
  It's. All going to zero against
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  Bitcoin. It's going on forever.
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  You're against Bitcoin, you're against freedom yeah, we're
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  going to simply Bitcoin live your number one source for the
• 0:24
  peaceful Bitcoin revolution covering news, culture and
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  matter warfare will be your guide through the separation of
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  money and state Ladies and gentlemen, you're tuned into
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  simply Bitcoin live, the most watched daily Bitcoin only live
• 0:34
  show on YouTube Rumble annex Sit back, relax, enjoy the ride.
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  We have three things that I want to cover today three reasons as
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  to why 2025 is going to be absolutely insane.
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  I truly believe Bitcoin is on the verge of going mainstream.
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  And the reason I'm saying that is you had literally yesterday,
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  you had the president of Bitcoin Magazine, also the CEO of
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  Bitcoin Magazine, not only saying that, but he also had an
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  article that was retweeted by Donald Trump Junior.
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  The name of the article is Trump is the best choice for Bitcoin,
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  right? Which is really interesting for
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  a couple of reasons. They don't say crypto, they say
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  Bitcoin. And if you still think I'm
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  seeing things that are not there in the in the speech that he did
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  in front of the libertarians, he made the case, he, he said, I'm
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  going to protect crypto and I'm going to step Bitcoin.
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  But he differentiated between the two, which I thought was
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  really, really interesting. Also, in other news, the shining
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  country on the hill, you guys know, I love to talk about it.
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  We have El Salvador and some bullish stuff coming out of
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  there as well. You had Kathy Wood at an
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  Unchained event in Texas basically basically saying,
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  quote, bouquet will increase El Salvador's GDP by 10X over his
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  next five year term. Now that's bullish for a couple
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  reasons. Obviously for the people of El
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  Salvador, these are people that have suffered.
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  They went through a civil war, absolutely atrocious.
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  But you're going to see other countries seeing what El
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  Salvador does. And it'd be like, you know, it's
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  probably a good idea to, you know, at least copy some of his
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  moves, right? Whether that's protecting
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  private property, being friendly to business, perhaps adopting a
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  Bitcoin strategy. I think a lot of people are
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  going to look over his shoulder and say, hey, maybe that's
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  probably a good idea. And that's something similar to
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  what we're seeing with MicroStrategy and the, you know,
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  the pub, the public company strategy.
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  You had another company, if Selmer Scientific came out of
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  nowhere, basically a zombie company, say, hey, we're going
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  to follow in the footsteps of MicroStrategy.
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  Their stock went up like 30%. I think you're going to see more
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  and more public companies fall in the footsteps of
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  MicroStrategy and I think you're going to see more nation states
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  fall in the footsteps of El Salvador.
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  So I think we're on the verge of something absolutely bonkers.
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  And of course I can't, you know, the political environment like
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  this is the first year that Bitcoin is on the ballot here in
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  the United States. Like we've, we've been talking
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  about this moment for a long time on simply Bitcoin, but we
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  always anticipated that was going to be 2028.
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  Never in my wildest dreams did I ever think that you're going to
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  have a presidential candidate in front of the Libertarian
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  conference literally say I'll protect Bitcoin and I'll free
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  Ross Albrecht. Like, that's how you know that
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  this cultural movement, this Bitcoin movement has accumulated
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  power, it's accumulated influence.
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  He wouldn't be saying those things.
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  At the end of the day, he's a politician.
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  He wouldn't be saying those things if he didn't feel like
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  they would get him votes from a very powerful and growing voter
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  base in the United States. And you're seeing something,
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  it's you're seeing this pattern all over the world.
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  It's not only here in the US. You had, of course, Javier
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  Malay, you had Naim Bukale, you have the Canadian election
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  coming up, Justin Trudeau versus the guy that can't pronounce his
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  last name, Polyvier. Hope.
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  I said that correctly. But the point is, is that like,
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  I think people are sick and tired of what the status quo of
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  what's, you know, what, what currently exists.
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  And I think they're they're seeking alternatives and Bitcoin
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  is that alternative. So our responsibility is really
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  to shine the light on Bitcoin and hopefully that brings people
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  together. Hopefully the whole divide and
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  conquer method of liberal versus conservative, right versus left
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  kind of dissipates and people wake up and they realize, OK, it
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  doesn't matter what political party's in power, they're going
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  to print money either ways. The way to fix this is by fixing
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  the money. And when you fix the money, you
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  fix the world. All right, everybody, it's going
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  to be a great show. I do want to bring up my
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  legendary code. Always optimistic.
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  I don't call them optimist fields for no reason.
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  How you doing Optic? I'm doing wonderful man life's
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  great can never complain as a big corner and also your
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  wonderfulness 5 I am. One through 10.
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  I'm gonna go with like an 8 today.
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  I I I couldn't go to bed last night.
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  We're changing Opti's name to Nihilus Fields.
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  He's no longer on the show. I'm just kidding.
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  I'm at, I'm at like an 8 dude, for some reason I couldn't get
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  to bed till late. But you know, I got up to energy
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  today because we got Admiral O'Brien and he always puts me to
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  shame with how much energy he can actually muster at every
• 5:13
  moment of every day. So even though I might be low
• 5:17
  energy, it doesn't mean I'm still not optimistic.
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  Okay. This is a way of life.
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  This is a lifestyle. This isn't just a, a behavioral
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  thing. This is how you view the world.
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  It's the only way to to go forward.
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  Anyways, let's bring in Adam. I like that.
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  All right. I do want to bring up on stage
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  the most most badass CEO in Bitcoin, of course.
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  Adam O'Brien. How you doing Adam?
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  Yo, boys, what's good? Look, I got laser beams today
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  because it's a great day to be here.
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  We're bringing the energy. As Opti said, the Oilers are
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  down in the in the most important sport.
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  Yeah, can we kick off Nico now? Because.
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  Like you. Bandwagoning the Panthers now?
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  Actually, can we joke about the fact that I bandwagoned the
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  Stars, they lost to the Oilers, and now I'm bandwagoning the
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  Oilers and they're losing to the Panthers.
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  So maybe I should bandwagon the Panthers now.
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  Yeah, yeah, that's not really a joke.
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  That's just like, that's just bad news, bro.
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  Adam's literally like dude, take off the hat.
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  You're it's your. Fault that we're losing.
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  The craziest thing to me is the fact that it's been the Oilers
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  that have been against Opti City team and then it's been against
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  the Miami City team. But I had no idea that was even
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  a thing. I was like, yeah, I think
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  Miami's like, you know, I think Miami has a hockey team.
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  Oh yeah, they have the Panthers. That's right.
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  And then like, what are the odds that they both end up in the
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  finals? But.
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  Here's So here's how politics to wrap it all into the money
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  here's how politics affects the hockey.
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  Florida has no state tax and so in this salary cap era and the
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  salary cap in the NHL is not like the NBA where you just pay
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  a luxury tax. So like, it doesn't really
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  matter in the NHL, it's a hard cap.
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  You cannot feel the team that is above, you know, the cap.
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  And so in the NHL, guys that go to Florida take a massive
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  discount to play because they don't have to pay state tax.
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  And so they get all the best players for cheaper than if you
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  have to. And to be fair, Canada has a
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  little bit of that advantage because the cap is in U.S.
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  dollars. And so like Canadian players get
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  like a right now it's got 40% lift on on their on their
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  paycheck, which is kind of crazy and kind of hilarious.
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  But the taxes in Canada are like, really horrific.
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  Wait, wait, wait, wait, Adam, does Bitcoin fix this?
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  Yo, it will surprise no one to hear that, yes, Bitcoin fixes
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  this. If we were on a Bitcoin standard
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  and if the salary cap was on a Bitcoin standard and the state
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  was abolished and money and state were separated, there
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  would be no problems, obviously. Oh yeah, we got the horn.
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  I've been on here like 60 seconds.
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  We already got the horn. This would be a good day.
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  All right, guys, it's going to be a great show.
• 7:49
  I'm incredibly excited. But first, before we do that, I
• 7:53
  do want to give a very special shout out to our lead sponsor.
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  It wait, why Mika does the other one?
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  Why? Why 1999 Adam?
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  Oh, we just picked sometime in the 90s.
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  on stampse-ed.com. At the time of recording the
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  Bitcoin price is 66,680 Stats per Dollar 1500 Flat Block
• 12:08
  Height 847,507 blocks to having 202,493 having estimate March
• 12:16
  25th 2028 Total Lighting network capacity 4792 Bitcoin capacity
• 12:23
  value 320 million U.S. dollars realized monetary inflation 1.6%
• 12:29
  market capitalization 1.31 trillion Bitcoin verse gold
• 12:34
  market cap 8.2%. In the grand scheme of things
• 12:38
  Bitcoin is just getting started. Anyways to the Bitcoin going
• 12:43
  mainstream news I do want to cover this.
• 12:45
  This is the CEO of Bitcoin Magazine.
• 12:47
  He says in retrospect, there was no clear sign of what was to
• 12:51
  come. Then Larry Fink showing up.
• 12:54
  I 100% agree with that statement.
• 12:57
  When Larry Fink went on the legacy financial media and he
• 13:00
  started using the Bitcoin talking points, mind you, five
• 13:03
  years earlier from when he did that, he was saying that Bitcoin
• 13:06
  is an index of money laundering. The change in tune just
• 13:10
  legitimized Bitcoin, not that it needed it, but legitimized
• 13:13
  Bitcoin in the eyes of the institutions, right?
• 13:16
  So all of a sudden if you're one of these like, you know, wealth
• 13:19
  management banks, right, you'd say Bitcoin is a scam.
• 13:22
  When BlackRock goes in the room, you know, they, they put their
• 13:25
  name behind it. Can't really say that anymore,
• 13:27
  right? So you're starting to see this
• 13:29
  kind of institutional interest and you can make a really
• 13:33
  strong, not that it needed it, but you can make a really strong
• 13:35
  case. I would even say BlackRock
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  didn't need Bitcoin. I mean, Bitcoin didn't need
• 13:41
  BlackRock. BlackRock needed Bitcoin.
• 13:43
  That's what I would say in regards to that.
• 13:45
  But anyways, David Bailey goes on to say within six years,
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  Bitcoin will be the backbone of the global financial system.
• 13:52
  Its market cap will exceed the USGDP.
• 13:55
  Every pension fund in the world will have significant exposure.
• 13:59
  Bookmark it. And again, just to connect the
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  dots for you guys, you had major U.S. banks basically announced
• 14:05
  that they have exposure to the BlackRock Bitcoin ETF.
• 14:08
  You had the first state pension fund, the state of Wisconsin.
• 14:12
  I think it was like $150 million that they allocated to the
• 14:16
  BlackRock ETF. Now this is captured Bitcoin,
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  this isn't real Bitcoin, but regardless they are they are
• 14:24
  getting exposure to number go up technology.
• 14:26
  Obviously we'd want you know, all these companies and all
• 14:29
  these pension funds to buy real Bitcoin, put it into self
• 14:31
  custody. But one step at a time, I guess,
• 14:35
  I don't know. This is that I guess that isn't
• 14:37
  very popular, that statement with a lot of Bitcoiners.
• 14:39
  But here's Donald Trump junior, and he's tweeting Trump is the
• 14:43
  best choice for Bitcoin. Keep an eye out because he
• 14:47
  didn't say crypto, he said Bitcoin.
• 14:49
  And also shout out to the team over at Bitcoin Magazine for
• 14:52
  making that happen because I don't think Trump really knows
• 14:56
  the difference between the two. But obviously he's getting good
• 14:59
  advice and that's absolutely awesome.
• 15:02
  So check this out. This is a Matt does the article
• 15:05
  from Bitcoin magazine. It says Trump is the best choice
• 15:07
  for Bitcoin. Why Donald Trump is the best
• 15:09
  presidential candidate to foster a safe and innovative
• 15:12
  environment for Bitcoin. Now, again, I can't emphasize
• 15:15
  this enough. The fact that Bitcoin is a
• 15:20
  election issue now is a big deal.
• 15:22
  I think it highlights how important Bitcoin is and kind of
• 15:26
  like the mainstream consciousness or else
• 15:27
  politicians wouldn't talk about it because I'd say this is going
• 15:30
  to hurt my bottom line at the end of the day.
• 15:33
  But he feels strong. He says, you know what, I'm
• 15:35
  going to be pro Bitcoin because the end the other candidate is
• 15:38
  obviously being anti Bitcoin. And again, that it's not that we
• 15:42
  decided to make this partisan. This is like, like you have the
• 15:46
  current administration that has taken an extremely hostile look
• 15:50
  towards the entire industry, towards Bitcoin and they've been
• 15:54
  pro CBDC. And then you had the other
• 15:56
  candidates, RFK Junior who spoke at the Bitcoin conference last
• 15:59
  year, by the way, and you have Donald Trump, who have taken a
• 16:02
  pro Bitcoin stance and anti CBDC stance.
• 16:06
  They created the current administration created that
• 16:09
  opportunity for the political opponent to capitalize on their
• 16:13
  draw ball. Like I, I don't think you can't,
• 16:15
  you can't look at me with a straight face and tell me that
• 16:18
  people under the age of 35 somehow dislike Bitcoin and are
• 16:22
  pro CBD CS like they're riding on the coattails of people being
• 16:26
  uninformed on the matter. Right.
• 16:27
  But how long could that, you know, how, how long could that
• 16:30
  last anyways? One in four Americans own
• 16:33
  Bitcoin. Like that's a huge percentage.
• 16:35
  That's more Americans that that's more Americans than are
• 16:38
  over the age of 65. But how often do you hear
• 16:41
  candidates talk about senior concerns compared to concerns of
• 16:44
  crypto owners? President Donald Trump has been
• 16:47
  making a concerted effort in the 2024 campaign trail to appeal to
• 16:51
  Bitcoiners at the recent Libertarian National Convention.
• 16:54
  President Trump vowed to stop Biden's crusade to crypto
• 16:58
  custody and assured Bitcoin hodlers specifically that he
• 17:02
  supports the right to self custody.
• 17:04
  I say this with your vote. This is Donald Trump's quote, by
• 17:06
  the way. I say this with your vote.
• 17:08
  I will keep Elizabeth Warren and her goons away from your Bitcoin
• 17:11
  and I will never allow the creation of a CBDC.
• 17:14
  It's clear which candidate this November is the best choice for
• 17:17
  Bitcoin owners the entire industry.
• 17:20
  Donald Trump. He appears to see the wisdom of
• 17:23
  pro Bitcoin stances taken by popular leaders around the world
• 17:26
  such as President Xavier Mallay and Naimbu Kelly, according he
• 17:30
  accordingly, he is staking out a clear position.
• 17:33
  Trump acknowledges our right to self sovereignty, and perhaps no
• 17:36
  one better understands the value of decentralization.
• 17:39
  As people have been losing trust in institutions like the
• 17:42
  government and banks, Trump has been the target of unprecedent
• 17:46
  unprecedented law fair politicizing the justice system
• 17:49
  and Trump affiliated organizations have been debanked
• 17:52
  and de platformed. That's really interesting.
• 17:54
  We're heading down that route that we're talking about that.
• 17:57
  I mean, look, we had a very difficult episode like it was so
• 18:02
  hard for me to do and Opti was like already saying like Trump
• 18:05
  derangement syndrome. I was like, no Opti, we have to
• 18:08
  remain inclusive in our messaging.
• 18:10
  But I find it interesting that Bitcoin magazine is taking a
• 18:13
  stance here. But I mean, I've put a lot of
• 18:17
  thought into this and at the end of the day, like it
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  fundamentally boils down to like, I don't care about all the
• 18:22
  other political issues because I think they all stem from broken
• 18:26
  money. But it all boils down to the
• 18:30
  fact that there is one political candidate that is against the
• 18:32
  entire industry. You have multiple lightning
• 18:35
  wallets just dip. They just left the country
• 18:37
  because why would they want to? Like, why would they want to set
• 18:40
  up a business here if the government is after them?
• 18:44
  And then you have the other side.
• 18:45
  And by the way, it's not only Trump, it's RFK junior as well.
• 18:48
  I just want to emphasize that better they're taking a pro
• 18:50
  Bitcoin stance now. Does Bitcoin need politicians in
• 18:53
  order to thrive and survive? No, but what I will say as a
• 18:58
  Bitcoin media entrepreneur, and we have a Bitcoin entrepreneur
• 19:01
  in the house today to talk about this as well, is that
• 19:04
  politicians sure could make your life a living hell, especially
• 19:08
  as a business owner. Like, they just can't.
• 19:11
  Like you're just thinking about all these, like, situations.
• 19:13
  Like, what if they banned self custody?
• 19:15
  Like, can I talk about self custody on the show?
• 19:17
  Like, I remember when the FBI news dropped, me and Adam were
• 19:22
  going back and forth and I said to Miss Creech, I'm like, dude,
• 19:24
  look at the FBI. Like they're talking about self
• 19:26
  custody. This is nuts.
• 19:27
  So, yeah, like the reality is as we transition from, you know,
• 19:32
  the the analog age, the the age of, you know, nation states, the
• 19:37
  age of politics into the information age, hopefully that
• 19:40
  makes politics irrelevant over the long run during the
• 19:44
  transitionary period. I don't think we have a choice
• 19:47
  but to pay attention to Fiat politics because if we don't pay
• 19:51
  attention to Fiat politics, they'll pay attention.
• 19:54
  Like they'll know we're there. And what I will say, because I
• 19:57
  know a lot of you guys are going to say, Nico, it doesn't matter,
• 19:59
  whatever, it's like, OK, bro, then move, right.
• 20:01
  Like if you're willing to move and be this nomad and just go to
• 20:05
  El Salvador and, you know, do that, sweet.
• 20:08
  But. I think most people, they don't
• 20:11
  really have that luxury. Like most people.
• 20:12
  They have to stay where they are.
• 20:14
  If they have to stay where they are, then you kind of have to,
• 20:16
  you know, sit up and fight, unfortunately.
• 20:19
  Now putting all these things together as it relates to the
• 20:22
  title of today's video, like think about the absolute
• 20:27
  gigantic forces coming together in this epic like showdown,
• 20:32
  right? You have Larry Fink, you have
• 20:34
  the CEO of BlackRock basically legitimizing Bitcoin in the eyes
• 20:39
  of institutions. You have micro strategies,
• 20:41
  Bitcoin strategy being the most successful strategy in the stock
• 20:44
  market right now. You have Naim Bukele, his
• 20:47
  country is flourishing. I don't think that's a
• 20:50
  coincidence that the first country that made Bitcoin legal
• 20:52
  tender, you have the most popular president in the
• 20:54
  Americas. I don't think that's a
• 20:56
  coincidence. I think that's an example of
• 20:58
  what happens when you fix the base layer of society.
• 21:01
  And then of course, on the other side, in the United States, even
• 21:04
  in Canada, I know it's coming up as well.
• 21:06
  Bitcoin has become a mainstream political issue and I think it's
• 21:11
  on the verge of entering the mainstream as more and more
• 21:15
  people by the day wake up to the scam that is Fiat money, wake up
• 21:20
  to the scam that is inflation. And once people wake up to the
• 21:24
  scam, all roads lead to Bitcoin. They all do.
• 21:27
  They all lead to Bitcoin. But all this being said, you
• 21:30
  will only benefit from this amazing future that we're
• 21:33
  heading into at full speed. If you take Bitcoin into self
• 21:36
  custody. If you don't take Bitcoin into
• 21:38
  self custody, you're absolutely cocked.
• 21:41
  You're just watching from the sidelines.
• 21:43
  So it's incredibly important that you learn how to take self
• 21:46
  custody, use self custody by default.
• 21:48
  Bitcoin on ramps, of course, like Bitcoin well-being, like
• 21:51
  think the only one. And just that's how we win, man.
• 21:54
  The more of us take self custody, we'll win faster.
• 21:57
  And if enough of us do it, we'll win.
• 21:59
  And there's absolutely nothing they could do about it.
• 22:01
  So, Adam, I know that's a very controversial take, this take of
• 22:04
  like bullshit. I thought I've already see the
• 22:07
  comments. I'm not even reading the
• 22:08
  comments, but I already see them.
• 22:09
  I thought this was a Bitcoin show.
• 22:10
  Like, what the fuck is this going on?
• 22:12
  Like, I thought we were talking about Bitcoin, but dude, like
• 22:14
  someone who's an entrepreneur, the realities of owning a
• 22:18
  business in meat space and employing a business in meat
• 22:21
  space where the government's, the state's monopoly on violence
• 22:25
  really gives them a strategic advantage, to say the least.
• 22:29
  You have no choice but to maneuver in these types of
• 22:32
  environments. Now, I know that, for example,
• 22:35
  Canada has something very similar to the US where the
• 22:39
  provinces, the states have different types of jurisdictions
• 22:42
  compared to the other. So you can play a little bit of
• 22:44
  judicial arbitrage, but at the same time, you're still like
• 22:48
  kind of in the middle of this giant federal bullshit mix of,
• 22:53
  you know, regulations and stuff. So I want to get your take, man.
• 22:56
  Like, is this a surprise you that we're here especially like
• 23:00
  yourself? Dude, you're coming from class
• 23:01
  of 2013. Could you?
• 23:03
  I could have never have imagined that, man.
• 23:05
  Like, it must have been, it must have been seen.
• 23:06
  It must have been seen as inconceivable at that point.
• 23:09
  Dude, a hundred, 100%. It is crazy that where we've
• 23:12
  come, I mean over the last 10 years especially, it's
• 23:15
  absolutely insane. I want to touch on something you
• 23:17
  said earlier, which is that like you're bang on, Bitcoin does not
• 23:21
  need politicians, but Bitcoin businesses and new Bitcoiners
• 23:28
  need politicians to enjoy or to want to protect Bitcoin rights
• 23:33
  and Bitcoin self custody. And the reason for that is
• 23:35
  because if the nation does not adopt Bitcoin, the nation will
• 23:40
  fall. That's like, that's just, you
• 23:42
  know, you can bookmark that. Let's play that back in like
• 23:44
  1015 years when we're going to see, you know, G7 nations fail
• 23:49
  because they did not adopt A Bitcoin standard.
• 23:51
  They didn't adopt Bitcoin fast enough.
• 23:53
  They were rude and mean to the Bitcoin businesses.
• 23:57
  And I think that as someone who has not orange peeled enough
• 24:01
  people yet, like my entire family has heard me speak about
• 24:05
  Bitcoin, my extended family and my network of friends have
• 24:08
  everybody speak, but they do not all have self custody Bitcoin.
• 24:12
  They are not all living on the Bitcoin standard.
• 24:15
  I have not done my work yet. My work is not done here in
• 24:18
  Canada and broadly in North America.
• 24:21
  And so until that time is there, I want to decelerate.
• 24:25
  We need as much time as possible.
• 24:27
  What, what, what is it one in four Americans or is it, I
• 24:31
  forget what it was. One in four Americans own own
• 24:33
  Bitcoin or, or or or three and four.
• 24:35
  It's not four and four. It's not 100% yet.
• 24:38
  And until 100% of people own Bitcoin, realize the scam of
• 24:41
  Fiat and, and, and opt out of Fiat with a Bitcoin in self
• 24:46
  custody, we just frankly, we cannot afford.
• 24:49
  There's too much pain that's involved in in in having
• 24:53
  politicians try to fight. And like you said, the
• 24:57
  disparity. Imagine a country that didn't
• 24:59
  adopt. I mean, safety has the best
• 25:01
  gunpowder back in the war, but even more recently, the
• 25:05
  Internet. Imagine a country that was like,
• 25:07
  Nah, we're good. Internet's bad.
• 25:10
  We don't want Internet to be thriving.
• 25:12
  Imagine if America had that, like America would be 0 right
• 25:17
  now. There would be no USA.
• 25:19
  It would be a very fragmented states of China or of something
• 25:24
  else. And it's only because we adopted
• 25:27
  new technology, it's only because we were loose in
• 25:29
  regulating new technology when the state didn't understand that
• 25:34
  it was able to thrive. And then America could take that
• 25:37
  massive leap forward into sovereignty.
• 25:40
  And so I think if we want the same thing with this new modern
• 25:43
  technology to literally fix the money, Bitcoin fixes everything
• 25:48
  that's wrong with the existing financial ecosystem in North
• 25:51
  America. It hits it all and it's so
• 25:54
  simple, yet so secure. It's perfect.
• 25:57
  And so if we want a chance to not have to leave, to not have
• 26:01
  to uproot our families, to not have to reassimilate somewhere
• 26:05
  else, it's that's painful. Like people like, oh, I'm just
• 26:08
  going to take my cold card and go.
• 26:10
  And like, yes, you could. And absolutely you can.
• 26:13
  You can bolt and head to a different jurisdiction, but you
• 26:16
  have to assimilate. Talking to a friend who who
• 26:20
  recently moved, like did like did that, right?
• 26:23
  Did the expat from Canada out he goes and I'm like, tell me like,
• 26:27
  what's it like? How's it going?
• 26:28
  Because my family and I like, we have to consider this.
• 26:30
  He's like, yeah, it's pretty good, right?
• 26:32
  Sunshine and beaches and 1% tax and like, it's awesome.
• 26:37
  He's like, but there's no restaurants, but there's no
• 26:40
  paved roads, but there's no like you're not getting an SD card to
• 26:44
  your house because you because you need one in like 24 hours.
• 26:47
  Like the infrastructure that makes America so convenient is
• 26:52
  gone. And there's some benefits to
• 26:53
  that, right? Let's lower our time preference.
• 26:55
  Let's slow life down a little bit.
• 26:56
  Let's sure. All that to say, that's all, you
• 26:58
  know, that's a, that's a whole other conversation.
• 27:00
  But the infrastructure of convenience that we've come to
• 27:02
  rely on, that we've come to enjoy and appreciate because of
• 27:05
  the efforts of our forefathers is gone if we have to
• 27:10
  expatriate, if we have to leave, if we have to go to a building
• 27:14
  jurisdiction. And frankly, I would rather
• 27:17
  build a Bitcoin standard here than go and rebuild some kind of
• 27:22
  other standard elsewhere. And I think that when we see
• 27:26
  politicians coming in and saying, OK, I'm not 100% sure
• 27:30
  what's going on here, but I'm not going to crush it.
• 27:32
  That is the best case scenario. Let's just not crush the Bitcoin
• 27:36
  industry and let's let Canada and America in North America
• 27:40
  here thrive and build and become re become prosperous.
• 27:45
  I think is the is the hope here. Amen to that.
• 27:47
  And and it's so interesting, Adam, because like we're not
• 27:49
  asking for a lot. It's just like, just get out of
• 27:52
  the way. Like literally don't kill my
• 27:55
  industry. It's like all they have to do.
• 27:58
  It's like we're not asking for like a special handout, their
• 28:00
  special privileges or any of that stuff.
• 28:02
  It's just kind of like, could you just leave us alone, please?
• 28:06
  And you know, and left to our own devices, we're gonna win.
• 28:08
  And I, I think that's why they, they feel like they have the
• 28:11
  necessity to kind of get involved cuz they see Bitcoin as
• 28:14
  a threat, a fundamental threat to the existing system.
• 28:17
  We have to look at like we separated church from state, you
• 28:21
  know, a couple thousand years ago.
• 28:22
  We're in the process of separating money from state.
• 28:24
  We have not separated anything from the state in like
• 28:27
  millennia. Like it's been a very long time
• 28:30
  since the state has actively had democracy work against it.
• 28:34
  It has been a very long time. And here we are as democratic
• 28:38
  nation actively working against the control manipulation of the
• 28:42
  money, which is like money is all fake, right?
• 28:44
  It's a reflection of our time. It's us, right?
• 28:46
  Bitcoin or slavery. I mean, I'm not sure some guy
• 28:48
  says that I I can't remember who Something something Overton
• 28:53
  something something slavery. You're.
• 28:54
  Against Bitcoin, you're against freedom.
• 28:57
  We have to understand that this is the first time in like forget
• 29:01
  recent in in, you know, a long term history where the state is
• 29:06
  actively being, you know, oppressed and and we're taking
• 29:09
  something from the state. And I think that, yeah, it's not
• 29:13
  going to be easy, but we're doing it perfectly right now.
• 29:16
  We've got bitcoiners lowered time preference.
• 29:19
  We've got, you know, this right sound money ethos leading the
• 29:22
  charge. It's peaceful.
• 29:25
  I think we're doing about it the right way and we just need as
• 29:27
  much time as possible to continue this ethos on.
• 29:30
  Amen. Beautiful, beautiful Opti.
• 29:32
  What's your what's your optimistic take on this brother?
• 29:34
  Well, I might start a little pessimistic because he OPS in
• 29:37
  the fields. 2024. No, I'm not old enough yet.
• 29:41
  But anyways, you asked a rhetorical question.
• 29:44
  Is it too much to ask governments to just leave us
• 29:46
  alone? And I would say yes.
• 29:47
  Their, their sole purpose is to literally not leave us alone.
• 29:50
  Nico. So, you know, maybe I'm the
• 29:52
  extremist here, but you know, first and foremost, I think I've
• 29:56
  said this on the show many, many times.
• 29:58
  I, for one, have little faith in the system.
• 30:01
  So either politician, in my opinion, is going to in, in my
• 30:05
  opinion, again, you know, my lowly opinion is going to be an
• 30:08
  acceleration moment, whether it's, you know, the Biden
• 30:12
  administration fighting us or Trump giving us four years of
• 30:16
  cover. Either way, we're in a
• 30:18
  acceleration moment right here with Bitcoin.
• 30:20
  But it really reminds me of that Plato quote.
• 30:23
  And everyone in the chat is saying it, but it's a different
• 30:25
  one where if you don't care about politics, then you'll be
• 30:28
  ruled by your inferiors. And I think this is where we're
• 30:31
  at. And I think everyone that is
• 30:34
  vaguely awake right now realizes that all the smart people have
• 30:38
  ignored politics for way too long, and now we're actively
• 30:41
  being ruled by inferiors and they wanna take everything from
• 30:43
  us. And like I said, I don't have
• 30:46
  faith in the system. So either way, they're they're
• 30:49
  both going to be good for Bitcoin.
• 30:51
  Whether we have the Biden administration fighting Bitcoin,
• 30:54
  it'll just prove once and for all that Bitcoin can route
• 30:58
  around them that we don't need politics.
• 31:00
  And if we have Trump giving us some cover, then we at least
• 31:04
  have some, you know, political cover.
• 31:06
  And less Bitcoiners can build a better system.
• 31:09
  And as number goes up, more people will start to join us.
• 31:12
  And going back a little bit to the Larry Fink news, we've
• 31:17
  gotten to the point now where of course the normies out there,
• 31:21
  they still trust these people. And of course in Bitcoin we have
• 31:24
  the meme of like Slayer heroes. Not that Larry Fink or Trump or
• 31:26
  RFK Junior are our heroes, but people still trust in these
• 31:30
  people. And we've gotten to the point
• 31:32
  now where it went from a professional hazard to embrace
• 31:36
  Bitcoin to a professional hazard to not embrace Bitcoin.
• 31:40
  And I think that is one of those shining moments moving forward
• 31:43
  that like, you have to have a Bitcoin stance.
• 31:46
  And we're seeing that play out in politics right now.
• 31:48
  It's like we say all the time, you're either for Bitcoin or
• 31:51
  you're for CBDC or as Nico he says, you know, you're either
• 31:54
  for freedom or you're against freedom.
• 31:56
  You're either for Bitcoin or you're for slavery.
• 31:59
  And it's becoming a very defining moment, I think in
• 32:02
  bitcoins history. Not only is Bitcoin maturing in
• 32:05
  people's opinion of what Bitcoin is, but it's now becoming one of
• 32:09
  those defining conversations right now.
• 32:11
  And for better or worse, politicians are taking note of
• 32:14
  us Bitcoiners. So I don't think we have the
• 32:17
  luxury of squandering this opportunity and being like, oh,
• 32:20
  politics doesn't matter. It's like, no, let's get
• 32:22
  favorable laws in America because what happens in America
• 32:25
  usually gets exploited across the globe.
• 32:27
  And I want the world to embrace Bitcoin.
• 32:29
  So, you know, pro Bitcoin candidates are a good thing in
• 32:33
  my book. And it's going to be very
• 32:35
  interesting to see how this plays out.
• 32:36
  And of course, when number goes up and everyone starts to get
• 32:39
  frothy in regards to Bitcoin price movement, man, it's
• 32:42
  looking like it's going to be an awesome, awesome end of the year
• 32:45
  in 2025. It's going to be absolutely
• 32:47
  awesome. Anyways, to celebrate awesome,
• 32:49
  the awesomeness that's coming, I do want to give a shout out to
• 32:53
  our sponsor. Thank you Opti, the pleb party
• 32:56
  in Nashville 2024. It's going to be absolutely
• 33:00
  bonkers. It's a 12 hour open bar from
• 33:03
  noon to midnight the day before the largest Bitcoin conference
• 33:07
  on planet Earth, July 25th. So if you're going to the
• 33:11
  Bitcoin 2024 conference, I'll see you there.
• 33:14
  This is the party to be at the day before.
• 33:16
  Over 1000 Bitcoin plebs are expected to attend is to be
• 33:20
  hosted at Amazing rustic automobile factory from 1910
• 33:24
  with brick walls and tons of proof of work atmosphere.
• 33:27
  Confirmed attendees include Larry Leopard, Preston Pish, the
• 33:31
  entire simply Bitcoin crew, James Lavish, Robert Breedlove,
• 33:34
  Mark Moss, Pubby Tatum turn up and Adam O'Brien.
• 33:38
  Many other bit corners are expected to attend as well.
• 33:41
  So guys, you don't want to miss this event.
• 33:43
  The last party sold out eight days before the party.
• 33:46
  You can't get tickets at the door, so you want to get your
• 33:49
  tickets now, now while the prices are low.
• 33:51
  So scan the QR code or check the link in the video description
• 33:54
  and I'll see you guys at the pleb party in Nashville, which
• 33:58
  is going to be absolutely badass.
• 33:59
  All right everybody, let's hit the news.
• 34:01
  Lots to talk about the Daily News.
• 34:07
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• 35:01
  the show notes below to learn more.
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• 35:11
  Do it. Take self custody of your
• 35:13
  Bitcoin so your grandchildren will talk to you.
• 35:14
  It's probably a good idea or they won't.
• 35:17
  That would suck ass. This is why it's important to
• 35:19
  take self custody and you need a harder wallet to do that
• 35:22
  anyways, check this out. I mean, you could do it with a
• 35:25
  hot wallet. You could just send all your
• 35:28
  Bitcoin into your blue wallet, you know on your on your phone,
• 35:31
  but I, I, I advise against that. You got to do it right anyways,
• 35:37
  so the news I want to talk about today.
• 35:39
  We always talk about this theme on this show.
• 35:41
  It's incredibly important and we have to understand fundamentally
• 35:45
  what's going on, right? So the Internet enabled the
• 35:48
  disintermediation of information and also the disintermediation
• 35:52
  of money. Both the disintermediation of
• 35:55
  information, you know, through social media, through protocols
• 35:58
  like noster are incredibly important for you, the
• 36:00
  individual, because now all of a sudden you can consume new quote
• 36:04
  UN quote news that is not propaganda.
• 36:06
  Better said, you can do your own research, right?
• 36:09
  It's not a coincidence that the most popular news app right now
• 36:14
  isn't coming from a central news agency.
• 36:17
  It's coming from Twitter, which really functions as a news
• 36:19
  aggregator, right? But if you're a government that
• 36:23
  sucks ass for you, who who you can't just call the the editor
• 36:27
  at New York Times and say, hey, I don't like that story.
• 36:30
  Or hey, we need to convince the American public that Iraq has
• 36:33
  weapons of mass destruction. Like there is no, you can't just
• 36:35
  call someone, right? Or Elizabeth Warren's case like
• 36:38
  not that many months ago. Hey, we need to convince the
• 36:41
  American public that Hamas is using Bitcoin to launder money.
• 36:44
  Like there is no one to call, right?
• 36:46
  So you kind of have to make the case for yourself using your own
• 36:49
  platform and then the internet's going to judge the shit out of
• 36:52
  you. And what tends what has to
• 36:53
  happen is like telling the truth tends to work a lot better in
• 36:57
  your favor than trying to sell everyone on a lie.
• 37:00
  Not to mention this community note feature and not to mention
• 37:03
  the fact that memes can't be true.
• 37:04
  I mean, memes can't be funny and universally accepted unless they
• 37:08
  share the common common denominator of truth, right?
• 37:12
  So all that being said, I had to give a little bit of a preface
• 37:15
  here because I, I know what a lot of you guys are thinking.
• 37:17
  Like Nico, what the fuck do I care about Nigeria?
• 37:20
  Like, I don't care about it. Like I this doesn't affect me
• 37:23
  and what I got to say is it it does affect you because this is,
• 37:26
  I believe, a foreshadowing of what potentially is coming to
• 37:29
  the West. Remember what happened with the
• 37:32
  Biden administration when they launched the so-called Ministry
• 37:35
  of Truth using the Department of Homeland Security that got shot
• 37:38
  down. But it's important to keep, to
• 37:41
  stay village vigilant because the fright for the fight for
• 37:46
  freedom of speech functions as the front line towards the
• 37:50
  fright to self custody. If you think that governments,
• 37:53
  if governments don't, aren't okay with you speaking freely,
• 37:56
  what makes you think that they'll just roll over and say,
• 37:59
  you know what? He could take self custody.
• 38:01
  He can't speak freely, but of course he could take self
• 38:03
  custody. Self custody is the most
• 38:05
  important statement you could make in my opinion to become a
• 38:09
  truly sovereign individual. Anyways, here's the headline
• 38:12
  from No BS Bitcoin. Nigerian banks can start
• 38:15
  collecting customers, Social media handles for KYC checks,
• 38:19
  High Court rules. Like how dystopian is that shit
• 38:22
  We would all get so like like oh we got to open.
• 38:27
  I would just create like a fake account where like I'm wearing a
• 38:29
  suit. I love the government.
• 38:33
  This is great. Like, you know, like it's this
• 38:35
  is crazy. And, and again, this becomes
• 38:38
  like a forcing function. It's very similar to the social
• 38:40
  credit system in China. We've seen, we've shown you guys
• 38:42
  the tower, right, where they literally punish you if you have
• 38:46
  certain outlooks or if you, if you do certain types of
• 38:49
  behaviors that are conveniently against the authority of the
• 38:53
  government, they could punish you financially.
• 38:56
  They can, they can take away points.
• 38:57
  You can't travel, you don't get better loans.
• 39:00
  And that becomes a forcing function as people are like,
• 39:02
  look, I just want to put food for my family.
• 39:04
  I'll just shake my head and say yes and be an obedient slave
• 39:07
  because I, I don't want to get hurt financially, right?
• 39:10
  And this is what's happening in, in Nigeria when you, when you
• 39:13
  normalize this type of shit, like for KYC checks, they need
• 39:17
  to check your social media. What does one have to do with
• 39:20
  the other? That is absolutely absurd.
• 39:22
  Anyways, Justice Digma dismissed a lawsuit filed by Lagos based
• 39:28
  lawyer, Chris Eck who argued that the regulation as stated in
• 39:32
  Section 6 of the Central Bank of Nigeria Regulations, 2023 was
• 39:37
  undemocratic, unconstitutional and inconsistent with Section 37
• 39:41
  of the 1999 Constitution of Nigeria.
• 39:43
  Quote For all it is worth, I do not see how asking a banking or
• 39:47
  potential banking customer to provide his social media handle
• 39:50
  it can ever amount to a breach of privacy, the judge reported.
• 39:54
  The judge added that requiring a social media handle is
• 39:56
  comparable to requesting an e-mail address or phone number.
• 40:00
  All these contact details serve as methods for a bank to reach
• 40:03
  out to a potential customer and conduct due diligence to assess
• 40:07
  their suitability for banking services.
• 40:10
  As such, this regulation does not violate customers right to
• 40:13
  privacy. Now what I got to say about this
• 40:15
  is like, OK. Like, keep shilling out the
• 40:18
  advertisement for Bitcoin. Bitcoin doesn't give a fuck what
• 40:21
  your social media handle is, right?
• 40:23
  Bitcoin doesn't need your e-mail address or phone number.
• 40:27
  You could just, you know, you could earn Bitcoin anywhere
• 40:29
  around the world. You could download a Bitcoin
• 40:30
  wallet. Bada Bing bada boom.
• 40:31
  You don't need all this bullshit.
• 40:33
  This is bullshit that is necessary under under a system
• 40:38
  that steals from you and because it steals from you and needs to
• 40:41
  coerce you and control you in order for you to use it right.
• 40:46
  So this is what all this censorship, all this bullshit
• 40:49
  fundamentally comes from, comes from the fact that people
• 40:52
  inherently know the system is broken.
• 40:54
  If they had an alternative, they would seek an alternative.
• 40:57
  So what the system does is it fights back, it censors you, it
• 41:02
  tries to de platform you because it can't have people speaking
• 41:05
  against it. And that's the truth.
• 41:06
  Anyways. On the other side of the planet,
• 41:09
  it's a totally different conversation.
• 41:11
  Right here's David Bailey, CEO of Bitcoin Magazine, says I
• 41:14
  can't put into words how bullish I am right now.
• 41:16
  I thought there would be stepping stones from El Salvador
• 41:19
  to nation state adoption. We're inches away from full send
• 41:22
  mode in the world's most powerful and wealthy country.
• 41:25
  When America goes hard, every nation will follow.
• 41:28
  Moon here is psychedelic Bartow. He's been on Bitcoin Twitter for
• 41:33
  a long time. They said El Salvador is quietly
• 41:35
  becoming a prosperous country like Singapore, while leaders of
• 41:39
  US and Canada have their head up their asses.
• 41:42
  And here's Diane Bucheli said. We have increased the capacity
• 41:44
  of our geothermal plants by 10% by essentially recycling the
• 41:48
  water vapor in our binary cycle. More clean energy continues 24/7
• 41:54
  and harnesses from our volcano without the need to import
• 41:57
  hydrocarbons. And of course, we know that some
• 41:59
  of that geothermal energy is being used by Bitcoin miners.
• 42:04
  Anyways. Here's Kathy Wood at the
• 42:05
  Unchained event in I think I believe is in Austin, TX.
• 42:09
  And she says Buchelli will increase El Salvador's GDP by
• 42:12
  10X over his next five year term.
• 42:15
  He is making it an Oasis for Bitcoin and AI in Latin America
• 42:19
  with tax incentives. Those are the two biggest forces
• 42:22
  moving forward. And he will make history.
• 42:25
  I completely agree. Here's the president of Bitcoin
• 42:27
  Magazine, Mike Germano Adam on the show not too long ago.
• 42:30
  She says, quote, I agree with Kathy Wood that the ceremony
• 42:32
  that the economy will grow 10 times El Salvador will be the
• 42:36
  Singapore of Central America or Latin America.
• 42:40
  Every time I come here, I see more companies opening offices
• 42:43
  and more development. Check this out on the newspaper.
• 42:47
  You got Mike Germano on the pay. That's that's so crazy, man.
• 42:49
  It's so crazy that there's a nation state that exists where
• 42:53
  the men with guns protect you and they don't protect the
• 42:57
  central bankers and you know, the Fiat shit coiners.
• 43:01
  So Nigeria, have fun staying poor because obviously you don't
• 43:06
  appreciate freedom and sovereignty.
• 43:09
  I'm bullish on El Salvador, I'm bearish on Nigeria.
• 43:12
  Anyways, that's my take. Adam, what's your take on all
• 43:15
  this, brother? Yo man, the thing that stuck up
• 43:17
  to me the most, you pull up that that that Nigerian article
• 43:21
  again. The 3rd bullet point, it just
• 43:24
  goes to show how much we've been lied to forever.
• 43:29
  Like read this third bullet point again.
• 43:31
  This is the same as giving you as customers giving their e-mail
• 43:34
  address or their phone number, except you can't read my emails
• 43:38
  and my get my phone calls and texts.
• 43:40
  Like it's like it's just such a lie.
• 43:43
  People have been these these authorities have been used to
• 43:47
  lying to us for so long. It's this is just wrong.
• 43:51
  Like anyone who takes a half a second to think about what
• 43:56
  they're reading will catch that in how or how vastly different a
• 44:01
  social media account for KYC versus like e-mail and phone
• 44:05
  number for communication. It's such a difference, but the
• 44:09
  Nigerian state, obviously either one is incompetent, which could
• 44:13
  be the case and and they just are so dumb that they actually
• 44:16
  believe that. But I actually think more the
• 44:19
  more reasonable or the OR the more logical thought process
• 44:22
  there is that they are used to getting away with that kind of
• 44:25
  garbage. And if we went back throughout
• 44:27
  history, we have to look at what else were we told?
• 44:30
  Did we take it face value? Not thinking we had to do our
• 44:35
  own research, not doing our own research, just blindly trusting
• 44:38
  the authority figures and where has it gotten us?
• 44:41
  And it is even here in in North America.
• 44:45
  It's actually insane to me. Like I like I resonate quite
• 44:48
  quite harshly with people that say you get debanked for your
• 44:53
  specific views. Me as like a Bitcoin
• 44:55
  entrepreneur for like 10 years. I don't get the privilege of big
• 45:00
  bank in Canada. I'm like debanked D platformed
• 45:03
  from the banking system. I have a very hard to Bitcoin.
• 45:06
  Well would not be the company it is today if I wasn't.
• 45:10
  So I thank them for that because for large part they helped me
• 45:12
  create a better alternative. But it's very painful.
• 45:15
  It's hard for my wife to go to the grocery store and not have
• 45:19
  like a normal payment experience For her to go out with friends
• 45:23
  like this is a real story. My wife's gone to a restaurant,
• 45:25
  tried to pay for dinner, card declined.
• 45:28
  She calls the bank and they say, oh, sorry, you don't bank here
• 45:31
  anymore. Like, boom, just snap overnight.
• 45:34
  You're done. You're, you're, you're out.
• 45:35
  Like it's, it's very, very painful.
• 45:36
  And so I resonate with banks debanking.
• 45:39
  However, I would love when I tell people that they
• 45:43
  immediately jump to people who are not orange peeled, people
• 45:46
  who are not in Bitcoin. They say, oh, well, you must
• 45:48
  have done something bad. The bank would never act in that
• 45:52
  way. You are a criminal.
• 45:53
  You're a bad guy. And it's mind blowing to me how
• 45:56
  much respect we give these authorities when we can see now,
• 46:00
  once you wake up and you see how much and how often they lie or
• 46:04
  bend the truth or try to position things in a certain
• 46:07
  way, it is so, so, so heartbreaking.
• 46:10
  And so I agree, massively bearish on Nigeria, but also
• 46:15
  heartbreaking for the people of Nigeria because it means like
• 46:19
  there's going to be a massive revolution there.
• 46:20
  And like, you know, Bitcoin can lead that and Bitcoin can fund
• 46:23
  that and Bitcoin can help support that.
• 46:26
  But it's going it just means more pain.
• 46:27
  It just means that the people there are going to continue to
• 46:30
  be lied to. And that's a huge issue.
• 46:32
  And so, yeah, big time. And then on the other side,
• 46:34
  yeah, look at El Salvador. Look at the look at the
• 46:36
  prosperity, look at the abundance coming in to El
• 46:39
  Salvador. Look, I was listening to some
• 46:42
  clips of him and Tucker. Like, what if they were the
• 46:44
  murder capital of the world? B Kelly puts it so well.
• 46:48
  He's like, he's like, because Tucker asked him like people are
• 46:50
  saying you weren't that dangerous and he's like, well,
• 46:53
  how much more dangerous can you get than murder capital?
• 46:56
  He's like, no, we were the worst.
• 46:58
  And then we adopted a Bitcoin standard and you know, we
• 47:01
  implemented some like regulations where, as you said,
• 47:04
  the men with guns protect the citizens, not the other men with
• 47:08
  power. And it's a it's a great way.
• 47:11
  Bitcoin saw in the chat earlier, you don't change Bitcoin,
• 47:15
  Bitcoin changes you. And those principles, you can
• 47:19
  say are disconnected from the fact that B Kelly adopted
• 47:23
  Bitcoin and put on the treasury and is looking at things, but I
• 47:26
  don't think they are. They're, they're directly
• 47:29
  related to the fact that once you start thinking in Bitcoin,
• 47:31
  once your time preference changes, you realize how little
• 47:35
  power you have. And we immediately shift from
• 47:37
  this selfish perspective into a, into a life giving perspective.
• 47:42
  And and like right now, everyone in a Fiat world is in
• 47:46
  competition with each other, but they're also in competition with
• 47:50
  this ominous third party who controls the power, who controls
• 47:53
  the money and who controls the time.
• 47:56
  Effectively, when you remove that third party, we just get
• 47:59
  healthy competition. We get abundance, we get free
• 48:04
  market economics. We just get a better world to
• 48:07
  live in. We get prosperity and we get,
• 48:09
  you know, bullish on the future. And we get more children and
• 48:12
  happier children and more optimism.
• 48:15
  And it's just a better place. And so, yeah, big time bullish.
• 48:18
  We need as human beings to adopt that.
• 48:21
  And I think it's, it's a, it's a win, win, win, win, win.
• 48:26
  Percent man Adam like our our do you got like you know, we we get
• 48:30
  sold on this idea that America is a government by the by the
• 48:35
  people for the people. But this kind of theme that I've
• 48:38
  been mulling over in my head these last, you know, three or
• 48:41
  four of course, bit corners. This is what you think about
• 48:43
  right. Other people are like, did you
• 48:45
  see, you know, the latest show or whatever?
• 48:47
  Like Nah, man. Separation of money in state.
• 48:50
  No Oilers. Blues.
• 48:51
  Totally, but I love that meme so much, the guy holding the
• 48:54
  flipper and and it's like, you know, catch the game last night.
• 48:57
  Did you watch? The Oilers last night.
• 49:00
  Dude, dude. Hey, hey, weather's different,
• 49:02
  OK? Oh hey dude, I've been into it
• 49:04
  this series. Hockey's like actually super
• 49:07
  fucking dope. It is so cool.
• 49:09
  But but here's. The thing?
• 49:10
  Extremely violent. It is.
• 49:12
  It is incredibly violent. It's closer to Gladiator than it
• 49:15
  is to soccer. But I think that we have to
• 49:18
  remember, like on the grand scheme, I personally, this is
• 49:21
  like I was a child growing up in this city.
• 49:24
  Even five years ago, I would have been unable to focus on
• 49:28
  anything else. And like now, you know, some
• 49:32
  nights I forget there's a game, like, you know what I mean?
• 49:33
  This is like, this is what this city has talked about for 15
• 49:37
  years since we've been in this position and almost 20 actually.
• 49:41
  And it's like, it's so low on my priority because again, like my
• 49:46
  vision is higher. We as a as a group of
• 49:49
  bitcoiners, we're thinking about more right.
• 49:52
  We've got this low time preference.
• 49:54
  I think it's massive bullish. 100 percent, 100% OPTI.
• 49:58
  What's your take on this bro? Are governments have government?
• 50:01
  Do governments have their citizens hostage?
• 50:03
  What's your take? Yes.
• 50:06
  Full. Stop.
• 50:10
  You elaborate a little bit more. What?
• 50:11
  What do I? Need to elaborate on it's pretty
• 50:14
  simple like you can get debanked for very simple and innocuous
• 50:19
  reasons like what Adam was telling us and and to that point
• 50:22
  though, Adam, I feel like, especially since you're in
• 50:24
  Canada that it's almost a badge of honor to be considered a
• 50:27
  financial terrorist, but that's a totally other can of worms
• 50:29
  here. But going back to like the
• 50:32
  Nigeria news and, and it just me personally thinking like if my
• 50:36
  socials got checked for my CIC eligibility, I'd have no chance
• 50:41
  of getting Bitcoin like period, full stop.
• 50:44
  And this is exactly why we fight CBDC's 'cause that would happen
• 50:47
  inherently in the process. Like that would be a very simple
• 50:50
  process. They wouldn't even have to go to
• 50:51
  a judge. It'd be just like, yeah, that's
• 50:53
  how it works. This is what they want for you.
• 50:55
  And This is why we always see say it's Bitcoin or slavery,
• 50:58
  it's Bitcoin versus freedom, it's Bitcoin versus CBDC.
• 51:01
  Because if they are able to roll out a global CBDC, of course,
• 51:05
  you can argue about the technicalities of all that.
• 51:08
  That's going to be how the system is set up.
• 51:10
  And and you can also even argue that that is already how the
• 51:13
  system is set up. It's just not like a global, you
• 51:16
  know, world currency. But that's again, a totally
• 51:18
  other conversation. And it goes back to what we say
• 51:21
  here on the show all the time. Like if you can't say things
• 51:25
  freely on the Internet, what makes you think that you're
• 51:28
  going to be able to transact freely?
• 51:30
  We know that it goes hand in hand, like especially with
• 51:33
  Bitcoin. Bitcoin is a freedom of speech
• 51:36
  issue. It's literally ones and zeros.
• 51:37
  It's it's literally code. And so as much as they try to
• 51:41
  fight information, you know that on the back end, it really
• 51:45
  terrifies them if you, if they don't fight how money moves.
• 51:48
  And hence why it all goes hand in hand.
• 51:51
  They got to brainwash you. They got to psyop you into
• 51:54
  believing their narratives. And then of course, they have to
• 51:56
  control the banking system. And This is why Bitcoin is so
• 51:59
  important. And again, This is why the
• 52:02
  status quo is so easily able to debate people over ridiculous,
• 52:06
  you know, social media posts. And then one last thing that I
• 52:09
  was thinking while we were talking about this, Nico, is it
• 52:13
  I, it's not lost on me the irony that Nigeria, CBDC, the Enera
• 52:18
  absolutely failed. And now they're trying to find
• 52:20
  another way to control people's money and the movement of
• 52:24
  wealth. They're like, Oh yeah, no one
• 52:26
  wanted to adopt the Enera, but now, you know, we're going to
• 52:29
  connect your socials to your KYC eligibility so that you can't
• 52:33
  escape the system. And it's like, OK, at least at
• 52:36
  least as we always say, Bitcoin exposes their incentives and at
• 52:39
  least we can have a very prominent examples of exactly
• 52:44
  what we talk about here all the time is that they don't want you
• 52:47
  to transact freely because they're afraid of the truth
• 52:50
  capital T getting spread around the world.
• 52:53
  Because again, where your money goes, that what that's what
• 52:57
  shows people, or rather the system what is important to us.
• 53:01
  We say it all the time, you know, vote with your money.
• 53:03
  That's the only vote that really matters.
• 53:04
  And then, of course, vote with your feet.
• 53:06
  But who wants to leave their home?
• 53:07
  And we're seeing all this play out in real time.
• 53:10
  Yeah, I think it's go ahead. This is why it's so important to
• 53:13
  buy Bitcoin as soon as you possibly can because it's going
• 53:17
  to be a massive premium in Nigeria.
• 53:20
  Like it just. This is just decoupling and and
• 53:22
  you know, on the on the nation state terms, you know, the naira
• 53:25
  will will kind of continue to to do whatever it's going to do,
• 53:29
  but in Bitcoin terms, it's going to plummet.
• 53:31
  We saw this in South Korea in 2017.
• 53:34
  We saw it in Greece a little bit later on.
• 53:37
  I think we saw it recently, I forget where, but we see when
• 53:42
  nations adopt these horrific authoritative, you know,
• 53:47
  communist perspectives and lock the money up.
• 53:50
  Bitcoin freedom money sells at a massive premium.
• 53:53
  You get less sats for your dollar the longer you wait.
• 53:56
  That's just built into bitcoins program that's just built into
• 53:59
  the code, but you get even, it gets exacerbated.
• 54:02
  It gets even more and more and more exaggerated when you have a
• 54:05
  government trying to prevent it. 100 percent, 100%.
• 54:09
  And I would say, guys, if, if you are to get a theme in
• 54:15
  today's show, I would say Bitcoin is money for you, Fiat
• 54:21
  is money for the state. And the reason I, I, I like to
• 54:25
  simplify a lot of these things is, is you see it from that very
• 54:29
  like simplistic lens. It makes it incredibly easy for
• 54:32
  you to just say that, right? That's a, that's a very like
• 54:36
  that's the type of statement that someone who's like has like
• 54:40
  it is, is like held hostage by the Fiat system.
• 54:44
  Like they're the type of persons like, no, I like the dollars.
• 54:46
  Like do you know what you're standing up for you.
• 54:48
  You say that type of inflammatory statement.
• 54:51
  It's obviously going to piss them off, but they don't they're
• 54:53
  really not going to know how to like defend it.
• 54:55
  They're not going to have a clue, right?
• 54:57
  So anyways. Wait, I'm gonna double down,
• 54:59
  Nico. Stop using the enemies money,
• 55:02
  opt out of Fiat and stack Bitcoin.
• 55:04
  Let's. Go.
• 55:06
  Let's fucking go. All right, everybody, I'm so
• 55:09
  excited. We're gonna hit the culture in a
• 55:11
  little bit. Talk to Adam O'Brien about what
• 55:13
  they're working on over at Bitcoin.
• 55:15
  Well, but first I do want to give a shout out to our sponsor.
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  via DM is the orange pull up. All righty buddy, let's hit the
• 55:56
  culture, the daily culture. All right everybody, I do want
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  link in the video description. All right, man, I'm so excited.
• 57:10
  I'm hyped. I, I gotta say, like we were, we
• 57:13
  were talking in the beginning of the show and we had James on and
• 57:16
  I'm like, what? Adam's not coming today.
• 57:18
  And I'm like, all right, sweet, James is here.
• 57:20
  And then Adam comes and I'm like, oh, OK, Adam's.
• 57:23
  Here wait, wait wait for for a context.
• 57:24
  Though coaster of of emotions. For a context in the chat, James
• 57:29
  is basically Canadian opti for Bitcoin.
• 57:31
  Well, and Adam, he called. Opti American.
• 57:34
  James. Oh man, dude, that was so funny.
• 57:39
  OK, so we were at we were at Bitlock boom.
• 57:41
  And it was just like the first like that is like the first time
• 57:45
  Adam like and I are like in person.
• 57:47
  So we're like bonding. It's great.
• 57:49
  And we go outside of the Airbnb and I look at Adam and I'm like,
• 57:54
  we're all, we're all wearing black.
• 57:56
  And then like I'm like, oh, wow, this is cool.
• 57:58
  And then I look and it's it's Opti and James in front of us.
• 58:03
  They're literally wearing khaki pants and a white shirt and the,
• 58:07
  the hats are literally backwards, like exact.
• 58:09
  It's like it's almost they matched on purpose.
• 58:12
  Adam and I have beards. They're like clean shit.
• 58:14
  It was like, it was really weird.
• 58:15
  And I'm like, Adam, let me ask you something.
• 58:18
  If you were to call someone at 3:00 in the morning to talk
• 58:21
  about Bitcoin, well, who would it be?
• 58:23
  He's like, it's James and he's like, he's your Canadian Opti.
• 58:26
  And then he's like, no, wait. I'm like, and then I start
• 58:28
  asking him more questions. He's like, yeah, that's right.
• 58:31
  Oh man, it was so funny. It was funny.
• 58:33
  It was one of those you had to be there moments, I guess.
• 58:36
  Anyways, bro, I'm so hyped. I love the Bitcoin wishing well
• 58:40
  feature that you guys released. It's been a fan favorite.
• 58:44
  It's absolutely awesome, dude. Just the the UI aspect of it is
• 58:49
  incredibly cool. Do I have the right page pulled
• 58:51
  up? Yeah.
• 58:51
  Thanks, Opti. And there we go.
• 58:55
  Let's redeem some points. Opti, have you been redeeming
• 58:58
  those for yourself? No, no, no, I haven't, but I'm
• 59:01
  about to. If it's a million one, I'm
• 59:03
  pulling up my wallet right now. All right, cool.
• 59:05
  We're safe. We're safe.
• 59:08
  Oh, man, so Adam, like this is so fucking awesome.
• 59:11
  This is so cool. Could you could you talk a
• 59:13
  little bit about that specifically?
• 59:14
  Like what, why the 90s? Like what made what made the 90s
• 59:18
  the decade? Dude, So yeah, we were thinking
• 59:22
  about this and we wanted to do some kind of rewards.
• 59:24
  We had to make the points like our margins are so, so thin.
• 59:28
  And I mean, everyone can see that because our margins are are
• 59:31
  spread, right. And on the spread, we got to pay
• 59:33
  for development marketing. We got to pay for like all the
• 59:36
  actual costs of processing transactions.
• 59:38
  And so, you know, to do rewards. Whoa, 2100 let's go.
• 59:43
  Hopefully someone claims that before Opti gets his.
• 59:45
  No, no, I'm only going to claim the million.
• 59:50
  And so we were, we were like thinking about, you know, how to
• 59:54
  make it cool and, and the wishing well is like the obvious
• 59:56
  answer because the opportunity to win big, big amounts of SAT's
• 1:00:01
  is just way better. And then I was thinking about
• 1:00:04
  like our name Bitcoin. Well, it originated from.
• 1:00:08
  Like the source of life being water.
• 1:00:10
  And so the first thing a settler did when they found new land was
• 1:00:12
  they had to dig a well, they had to find water and then and then
• 1:00:16
  hit the like hit it right. And so, you know, we are the
• 1:00:20
  source for sovereignty. We want to enable independence.
• 1:00:23
  We want people to have maximum independence.
• 1:00:26
  And so Bitcoin well kind of came about that way.
• 1:00:28
  And the double entendre of Bitcoin good was just too much.
• 1:00:31
  So I was thinking kind of in that mindset, in that brain
• 1:00:35
  about how and why we exist. And I felt like nostalgia kept
• 1:00:40
  coming back to me. Like, I grew up in the 90s.
• 1:00:42
  I think most of us grew up in the 90s.
• 1:00:45
  And it was a time when, you know, we all threw coins into a
• 1:00:49
  wishing well at the mall or whatever, made a nice wish, had
• 1:00:53
  a nice, you know, feeling about that.
• 1:00:55
  And, you know, wishing wells, like, you know, they're not
• 1:00:57
  real, right? Wishes don't come true just
• 1:00:59
  'cause you throw a penny into a well.
• 1:01:01
  But it did give me the thought of let's give out actual SAT,
• 1:01:06
  let's give out real money from the wishing well.
• 1:01:08
  And I wanted to play on that nostalgia vibe.
• 1:01:12
  And you can kind of see that from some of the language that
• 1:01:14
  we use in there. I think on the blog post we we
• 1:01:17
  described it as like when Bitcoiners are coming of age, we
• 1:01:21
  all wished for a better future into the wishing well.
• 1:01:25
  And in classic Bitcoin fashion, it waited 25 years to give it to
• 1:01:29
  us because we now have a better future.
• 1:01:32
  We now know that prosperity can exist.
• 1:01:34
  We now know that we have separation of money and state on
• 1:01:38
  the horizon. And I don't know if all the all
• 1:01:42
  the pennies we threw into the wishing well as a child made
• 1:01:45
  that happen. We'll have to ask Satoshi one
• 1:01:47
  day. But you know, at least this
• 1:01:50
  wishing well gives you real money and it kind of hits that
• 1:01:54
  that good feeling that you used to have when you were a kid.
• 1:01:57
  So that's the that's, that's the thesis, That's the thought
• 1:02:00
  behind it. Winning up to 1,000,000 stats is
• 1:02:02
  just awesome. We wanted to make our rewards
• 1:02:04
  points big. You know, the more this gets
• 1:02:07
  used, the more, the more Bitcoin well grows.
• 1:02:09
  I think you guys have seen like we build in public and and we
• 1:02:12
  change things quickly and we wanted to make sure that this
• 1:02:15
  was something that was going to be yeah, epic.
• 1:02:18
  And that's what it is. So everyone like when you sign
• 1:02:22
  up and make your first transaction, you get 3 like kind
• 1:02:25
  of the points that you accumulate throughout that
• 1:02:26
  journey is going to be equivalent to three coin tosses
• 1:02:28
  into the wishing well. So three chances to win a
• 1:02:30
  million SATS. But today, everybody listening
• 1:02:36
  has a chance to win six extra coin tosses, and this kind of
• 1:02:41
  hits on some of the banter we've had back and forth already.
• 1:02:45
  It has to do with the. Oil.
• 1:02:46
  Is this what I think is OK? I I know what?
• 1:02:48
  You think it is the Oilers, So if you go into and click hockey
• 1:02:51
  pole, Nico, I don't think you've seen this.
• 1:02:53
  If you click hockey pole, you get to pick Edmonton.
• 1:02:56
  Or Florida. And if you pick correctly,
• 1:02:59
  right? Yeah.
• 1:02:59
  There you go. That's it.
• 1:03:01
  Edmonton. Go Edmonton.
• 1:03:02
  Wait, wait. Oh, yeah, OK, we'll have to go
• 1:03:04
  back to that for a second. If you click correctly, whoever
• 1:03:06
  wins the Cup, everyone who picks correctly is going to get 6
• 1:03:10
  extra tosses. But wait here, you only pick one
• 1:03:13
  time, so only your first one's going to count.
• 1:03:15
  And I put a a very scary threat in here.
• 1:03:18
  Do not make multiple selections or we'll send Vitalic after you.
• 1:03:21
  So unless you unless you want Vitalic coming to your door in
• 1:03:26
  his Kitty pajamas, you know I'll leave it at that.
• 1:03:29
  Only pick one time and only your first pick will check, but it's
• 1:03:33
  very, very simple. Pick Edmonton, pick Florida.
• 1:03:35
  Whoever wins this Emmy Cup, if you picked correctly, you're
• 1:03:38
  going to get 6 extra coin tosses loaded into your account.
• 1:03:42
  So you know, and, and obviously, you know, people have brains
• 1:03:45
  here. I think right now like, yeah,
• 1:03:49
  we're seeing some Florida votes come in, but it's it's leading
• 1:03:52
  to Edmonton at this point. So I'll update you guys as we
• 1:03:55
  go. Team Edmonton is going to win if
• 1:03:58
  you pick Florida, like what are you doing?
• 1:04:00
  You're just yeah, it's in Florida right now.
• 1:04:02
  I see you JH, but it's like it's a red, like you got to win four,
• 1:04:06
  so it's like good for you. It's 2 nothing, but it's going
• 1:04:08
  to be 4 two for the Edmonton Oilers.
• 1:04:11
  So yeah, go and vote. We wanted to find a way like
• 1:04:14
  we're literally from Edmonton. We're a Canadian company wanted
• 1:04:17
  to find us a fun way to get people, you know, bring the
• 1:04:20
  great sport of hockey to to the Bitcoiners.
• 1:04:22
  I think hockey is the most Bitcoiners sport on the earth
• 1:04:25
  and pick Edmonton or Florida. You can pick Florida if you're
• 1:04:28
  dumb, but you pick Edmonton if you're smart and passionate and
• 1:04:33
  then and then voila, if you guess correctly, you're going to
• 1:04:37
  get some six extra chances to win a million stats.
• 1:04:39
  So that's there you go, off you go.
• 1:04:42
  Dude, oh, man. Bro it it, Yeah, I, I, I said
• 1:04:45
  this in the beginning, but I'm going to say it again.
• 1:04:47
  I think it's absolutely hilarious.
• 1:04:49
  Out of all the teams in the NHL, the ones that went up against
• 1:04:53
  Edmonton are the cities that me and Opty are from 'cause it the
• 1:04:57
  name of the team is Florida Panthers.
• 1:04:58
  But the arena is in Miami, right?
• 1:05:01
  It's in like North Miami type of place, but it's like the Miami
• 1:05:04
  hockey team. Like everyone knows that.
• 1:05:06
  I completely forgot it even existed up until I was like, oh,
• 1:05:10
  and I'm like, wait, the Florida Panthers are in the I'm like,
• 1:05:12
  holy cow. I'm like, I think that's the
• 1:05:13
  Miami team. And I've been watching and I and
• 1:05:17
  I watched the game and I got to say I'm like, holy cow, A lot of
• 1:05:20
  people like hockey down here. You know, they have like a
• 1:05:22
  ritual. They throw rats apparently at
• 1:05:24
  the end. Like they have a whole culture
• 1:05:26
  and everything. It's crazy.
• 1:05:27
  We throw in Alberta. We throw big steaks on the ice.
• 1:05:31
  Alberta beef gets thrown onto the onto the ice.
• 1:05:34
  It's it's pretty epic. Yeah, man, Hockey goes hard.
• 1:05:37
  The Detroit people throw octopus like it's it's no joke, man.
• 1:05:42
  So definitely, you know, inside your Bitcoin well account, you
• 1:05:45
  can you can go click hockey pole pick Edmonton or Florida to win
• 1:05:50
  the cup and if you pick right, boom, 6 extra chances to win a
• 1:05:54
  million sats with the Bitcoin wishing well and you're
• 1:05:56
  guaranteed to win sats. So what have what have we done?
• 1:05:58
  We've done like 66 coin tosses on this show.
• 1:06:01
  One was 2100 sats. So that's I don't know, there's
• 1:06:05
  there's 20, there's 500 Sats is like the base prize 21121
• 1:06:09
  thousand, 210,000 and then a million.
• 1:06:13
  All right, might take 210,000 also.
• 1:06:16
  Sorry guys though, can we talk about what else the Edmonton
• 1:06:20
  Oilers and the Panthers have been throwing on the on the ice?
• 1:06:23
  Well, not really throwing on the ice, but you know, throwing
• 1:06:26
  towards the ice, you know, some good old fashioned melons.
• 1:06:28
  It's been pretty amazing. Oh my God, this is.
• 1:06:35
  A family friendly show. Sorry.
• 1:06:37
  Let's let's, let's let's let's. Get into the I wanted to talk
• 1:06:40
  about this. We actually had I'll give you a
• 1:06:43
  story and I saw some chat about the stock.
• 1:06:45
  So this. Yeah, yeah.
• 1:06:46
  I wanna couple things I wanna talk about as well, Adam.
• 1:06:49
  So yeah, keep going. Whatever our investors called me
• 1:06:54
  the next day after that video environment, for those of you
• 1:06:56
  who don't know, it was like the weather is winning and this girl
• 1:06:59
  just like completely flashing the whole arena and then looking
• 1:07:03
  around, seeing her friend filming her and kind of being
• 1:07:05
  like, and then it was went blew up, went viral.
• 1:07:09
  What if my investors called and they were like, you're making
• 1:07:12
  that girl your mascot, right? I know who it is too.
• 1:07:18
  Oh man, I have a feel. That voice sounds familiar.
• 1:07:23
  Yeah, man, it was pretty funny. But yeah, no, it's definitely an
• 1:07:28
  exciting time to be in the city and we're looking forward to
• 1:07:31
  Edmonton or Florida. Let's see, what is a simple
• 1:07:33
  Bitcoin crew like? I mean, everyone should just do
• 1:07:35
  a vote because it's like go. Start Can you do a vote on the
• 1:07:38
  YouTube? Yeah, yeah, yeah, yeah.
• 1:07:40
  Nico talk lightning. And then we'll ask Adam.
• 1:07:44
  Absolutely. So another thing that you that
• 1:07:46
  you guys recently launched and I remember seeing this in person
• 1:07:50
  in, in in Montreal when we were staying together.
• 1:07:53
  This is absolutely awesome. And I've never seen this before,
• 1:07:57
  Adam. So this is essentially this new
• 1:08:00
  feature that you released for your Canadian customers.
• 1:08:03
  And I know that you're talking about it, you know, coming to
• 1:08:05
  the States potentially soon, especially, you know, again, I'm
• 1:08:08
  going to tie it up with what I was saying in the beginning,
• 1:08:10
  guys. This is the type of like this is
• 1:08:12
  the type of innovation that if you have a, a hostile regulatory
• 1:08:17
  environment, you de incentivize this type of innovation.
• 1:08:21
  Like this is absolutely awesome, right?
• 1:08:24
  So like, you know, if the US keeps heading in the, the path
• 1:08:26
  that it's heading, it's like this might not come in the for
• 1:08:29
  for no reason. It's the same reason that
• 1:08:31
  Wallace Satoshi pulled out. It's the same reason like they
• 1:08:33
  didn't pull out because they wanted to pull out.
• 1:08:35
  They pulled out because they felt like they had a necessity
• 1:08:38
  to because potentially they'd be locked into a box, right?
• 1:08:41
  Or put in a box anyways. So it's the instant sell feature
• 1:08:45
  and TLDR and Adam, please interrupt me if I'm describing
• 1:08:48
  this wrong, but essentially what you can do is you'll have a
• 1:08:51
  Bitcoin well address and you can sell, you can send Lightning
• 1:08:55
  directly to that address and it automatically sells for you.
• 1:08:58
  You don't have to go onto the platform.
• 1:08:59
  Nothing. You just send sats automatically
• 1:09:02
  sells for you and automatically deposits it into your Bitcoin
• 1:09:07
  wallet, right? So it's absolutely bottoms.
• 1:09:10
  Go ahead to your. Bank account.
• 1:09:11
  Into your sorry, into your bank account.
• 1:09:12
  I apologize. In Canada we have like you guys
• 1:09:15
  have Venmo in the States, we have E transfer, which is which
• 1:09:17
  is pretty similar. You know, when you don't have a
• 1:09:20
  bank though, you can't send an E transfer.
• 1:09:23
  And so we made this to send an E transfer to the e-mail on file
• 1:09:29
  and then you can send that E transfer to anyone in the world
• 1:09:33
  or in, in, in, in in Canada. But what this feature does is it
• 1:09:36
  allows you, you know, and kind of accidentally, we made this
• 1:09:39
  really, really good for merchants where a merchant can
• 1:09:42
  now accept Bitcoin but not keep the Bitcoin.
• 1:09:45
  This is great to use Bitcoin as a a payment function less as a
• 1:09:51
  treasury asset, which, you know, say what you will.
• 1:09:53
  That is the first step. And, and from from my
• 1:09:56
  perspective, that's very important because I want like, I
• 1:09:58
  want to be able to spend Bitcoin because it's way easier than
• 1:10:01
  spending money that I have to like work around in in the
• 1:10:03
  banking system. And so when we launched this, I
• 1:10:05
  went to my golf course and I just said, Hey, guys, you guys
• 1:10:07
  take E transfer like we're running into problems with our
• 1:10:10
  banks can and you just make a Bitcoin well account, get your
• 1:10:15
  e-mail that you get that use your e-mail that you get E
• 1:10:18
  transfers to and then that's all you have to do.
• 1:10:21
  And he did that and now I can pay the golf course in in
• 1:10:24
  Bitcoin. This guy here, this is epic.
• 1:10:26
  This guy literally sent SAT's from Minecraft and got deposit
• 1:10:30
  into his Fiat bank account in Canada in like 30 seconds like
• 1:10:34
  it's it's it's bang on. And so do the same thing in the
• 1:10:38
  states where it'll it'll initiate a payment to your bank
• 1:10:40
  account or add it to your Bitcoin.
• 1:10:42
  Well, balance. But the next thing that we're
• 1:10:44
  going to be building on top of this, which I'm very excited for
• 1:10:47
  is swaps. And so you can see how we're
• 1:10:49
  using the payment address to sell dot BTCW dot app.
• 1:10:54
  And the next payment address will be swap dot BTCW dot app.
• 1:10:58
  And when you send Lightning to swap, it'll then put coins,
• 1:11:02
  it'll send coins to your predetermined on chain Bitcoin
• 1:11:05
  address. And why that's so important is
• 1:11:08
  that I believe fundamentally that you should always be taking
• 1:11:13
  your coins off platform. But in today's day in Bitcoin
• 1:11:16
  2024, you know, when you DCA, like I have a $69 DCA that that
• 1:11:22
  that goes out twice a week. Taking a $69 UTXO is kind of
• 1:11:26
  dumb in 2024 in with, with current, with current UTXOS and
• 1:11:31
  and current SATS per dollar. And so taking that enlightening
• 1:11:35
  in the easiest way possible just to get it off platform, just get
• 1:11:37
  it away from the people that sell you Bitcoin.
• 1:11:40
  And then giving our customers a really easy way to consolidate
• 1:11:44
  their lightning payments onto in a larger UTXO into their cold
• 1:11:49
  storage is going to be the future.
• 1:11:52
  And that that's going to be the way to DCA safely.
• 1:11:56
  Because, you know, one of the common things comments that
• 1:11:58
  we've been getting from the audience is like, well, I want
• 1:12:01
  to buy 25 bucks in Bitcoin. I have to make a UTXO.
• 1:12:04
  Like this sucks. And so the way to combat that,
• 1:12:07
  you know, most people like, OK, yeah, I guess we'll just be
• 1:12:09
  custodial and we'll just keep your bitcoins and you can just
• 1:12:11
  be exposed to us. But I like, I want no part of
• 1:12:14
  that. There's never been a custodian
• 1:12:16
  that has not been incentivized at the very least to like do bad
• 1:12:20
  things. And I just want zero part of
• 1:12:23
  doing bad things. And I love being able to say
• 1:12:26
  that if right now we turned off, you know, unplug the servers,
• 1:12:30
  turn everything off, website goes down, nothing, There's zero
• 1:12:34
  customer Bitcoin lost. Like, I don't think any other
• 1:12:36
  platform in the world can say that.
• 1:12:39
  That's amazing. You know, none of the platforms
• 1:12:41
  that you use in the States can say that right now.
• 1:12:43
  If we turned off our servers, there would be 0 customer
• 1:12:46
  Bitcoin lost. And I want to keep it that way
• 1:12:48
  forever. And so the way to do that is
• 1:12:50
  we're going to enable people to stack off chains, stack in
• 1:12:52
  Lightning and then consolidate into larger UTXOS, which I think
• 1:12:59
  is the is the best way to do it. And so that's what we're running
• 1:13:02
  towards. We're testing it out here in
• 1:13:03
  Canada. It's working awesome.
• 1:13:05
  People love it. It's a really, it's the fastest
• 1:13:08
  way to go from from Bitcoin to Fiat.
• 1:13:12
  And that's a nice thing. Dude, I'm I'm so bullish and
• 1:13:16
  there's something that you said and I wanted to focus on that,
• 1:13:19
  which is this idea of like, like the servers get shut off or
• 1:13:23
  turned off for whatever reason, Justin Trudeau gets pissed off
• 1:13:27
  and you know, it just goes bananas.
• 1:13:30
  You got there's no bit corners that are crossing in the
• 1:13:33
  crossfire. And I would say like, how do I
• 1:13:38
  say this in a in a? Diplomatic way.
• 1:13:47
  Like the reality is that it creates a misalignment of
• 1:13:50
  incentives because if you have the ability and like it might be
• 1:13:55
  innocent, but The thing is that there's a creep, right?
• 1:14:00
  Over time, it's much harder to do it the right way, right?
• 1:14:05
  Because you can say, you can make a really solid argument as
• 1:14:08
  to the case that like that's less convenient.
• 1:14:10
  If it's less convenient, if it adds a step, you know, you
• 1:14:14
  might, you potentially might lose a sophisticate or you might
• 1:14:17
  lose a, a potential customer because they default to
• 1:14:21
  convenient. But This is why I said it's,
• 1:14:23
  it's the right, it's the right thing to do.
• 1:14:25
  It's the right way to build this type of platform because it
• 1:14:28
  incentivizes taking a little bit of personal responsibility and
• 1:14:33
  learning Bitcoin, right, which is like.
• 1:14:34
  We're, we want to make the that's why we work so hard to
• 1:14:38
  make it so easy to do. And sometimes we miss, sometimes
• 1:14:41
  we make things harder to do by trying to make things easier.
• 1:14:43
  But we, we iterate and we have feedback.
• 1:14:45
  And one thing you said, like, yes, there is the risk of
• 1:14:48
  authoritative, you know, Justin Trudeau loses his mind or, or,
• 1:14:52
  you know, POTUS loses their mind, like whatever.
• 1:14:54
  There's there's that. But there's also just like
• 1:14:57
  servers just fail. Like what happens if the
• 1:14:59
  hardware fails? What happens if there's an
• 1:15:00
  earthquake? What happens if there's, you
• 1:15:02
  know, any number of natural, what happens if there's a fire
• 1:15:05
  in the servers and there's redundancies and blah, blah,
• 1:15:07
  blah. But like, like, you know, we've
• 1:15:09
  seen servers fail time and time and time and time again in
• 1:15:13
  Bitcoin, but also in just general, like Internet things,
• 1:15:18
  people forget, you know, we're all horny on the cloud.
• 1:15:20
  But like, the cloud is just someone else's computer.
• 1:15:23
  When your Bitcoin are held on an exchange, that's someone else's
• 1:15:26
  wallet. And you have to trust that
• 1:15:28
  someone else is protecting their wallet from hackers, from
• 1:15:32
  natural disasters and physical threats.
• 1:15:34
  And then from 6102, like, like the government is 1/3 of the
• 1:15:38
  problems that you experience when you trust someone else with
• 1:15:40
  your Bitcoins. And so, yeah, I mean, it's not
• 1:15:44
  the easiest way to build, but Bitcoin is not the easiest money
• 1:15:48
  to have. No one's out here.
• 1:15:50
  Like Bitcoin is way easier than everything else.
• 1:15:52
  No, no, no, no. It's better.
• 1:15:54
  And better is not easier. Better is better.
• 1:15:57
  Better is more longevity. Better is better for your
• 1:16:00
  family. Better is more abundant, easier
• 1:16:03
  is the opposite of those things. And if you have security and
• 1:16:07
  convenience on a scale like the further you get towards
• 1:16:11
  security, the further away you get from convenience.
• 1:16:14
  And this is where Bitcoin, well, you know, that's why we work so
• 1:16:16
  hard. That's why, you know, like Opti
• 1:16:18
  said earlier, it's a benefit that I am considered a financial
• 1:16:22
  terrorist here in Canada because I can think, wow, I am
• 1:16:26
  struggling to send payments to my normie friends right now.
• 1:16:29
  How do I do that? Oh, what if I had a way to send
• 1:16:32
  Bitcoin to some, you know, static payment address, receive
• 1:16:36
  an E transfer that I can then send to my friends And you can
• 1:16:38
  see how that gets better and better and better and better
• 1:16:40
  over time. So I think it is a mindset that
• 1:16:43
  we have to adopt. We try to apply Fiat principles
• 1:16:49
  to or not principles, Fiat products to Bitcoin.
• 1:16:52
  What we don't do is apply Fiat principles to Bitcoin.
• 1:16:56
  And I think that's kind of the main difference is how do you
• 1:16:58
  use money is so much. I have a broader question and
• 1:17:02
  such a better question to answer and apply Bitcoin to then how
• 1:17:05
  can we stuff Bitcoin into the existing Fiat box, which I think
• 1:17:09
  you know, most Bitcoin companies are, can be accused of.
• 1:17:13
  And we think how do we take the Fiat box, blow it apart and then
• 1:17:18
  apply Bitcoin to what people actually use money for?
• 1:17:21
  And it's very exciting and very hard and very stressful.
• 1:17:24
  But I love being able to build with the audience here.
• 1:17:27
  And yeah, do it, you know, do it with do it with you guys.
• 1:17:31
  It's super fun. Love it.
• 1:17:33
  Hey Adam, we did get a few questions.
• 1:17:34
  Sorry not to cut you off, Nico. First one was in the beginning
• 1:17:37
  of the show and, and just to paraphrase, someone commented
• 1:17:42
  like they haven't bought Bitcoin since they bought it on Voyager
• 1:17:45
  and they got rug pulled and they were asking what's the best
• 1:17:48
  place to buy Bitcoin. And I said we got the CEO of
• 1:17:50
  Bitcoin. Well, so reframing that question
• 1:17:54
  for you, Adam, why is Bitcoin, well, the best place to buy
• 1:17:57
  Bitcoin? Yeah, man, it's exactly that.
• 1:18:01
  You can't get rugged like we just, we just, we force you to
• 1:18:04
  self custody. And So what that means is part
• 1:18:07
  of onboarding is e-mail address, password, Bitcoin address.
• 1:18:11
  You have to give us your Bitcoin address before you connect your
• 1:18:14
  bank, before you KYC, before you send us money.
• 1:18:17
  You got to send us your Bitcoin address.
• 1:18:19
  We want, we're not going to sell you any Bitcoin unless we know
• 1:18:22
  where to send it. And that key distinction, it's
• 1:18:25
  like, oh, what's the big deal? I can withdraw off a platform.
• 1:18:27
  Yeah, but are you and and and are is your mom is your aunt is
• 1:18:31
  your grandma is your little daughter.
• 1:18:33
  I want to do that when she's 12 and you're setting her up with
• 1:18:36
  an account to buy Bitcoin with her with her paper wrote money.
• 1:18:40
  That key difference of forcing self custody takes away the
• 1:18:43
  decision to take self custody. It's a decision you make one
• 1:18:47
  time when you use Bitcoin well for the first time and then
• 1:18:51
  after that it's automatic. And as we get recurring buy, as
• 1:18:54
  we get better and easier ways to, to make it possible to sell
• 1:18:59
  and and buy Bitcoin more conveniently, I think that's the
• 1:19:02
  better play. We've been doing this for a year
• 1:19:03
  and a half in Canada. We're the fastest and safest way
• 1:19:06
  to buy Bitcoin in Canada. Hard stop.
• 1:19:09
  That's just objective at this point.
• 1:19:10
  And so, and also I want to, I want to also really like talk
• 1:19:15
  about someone's asked me about the stock or have been talking
• 1:19:17
  about the stock in, in the chat. Yeah, like Bitcoin.
• 1:19:23
  Well, we're publicly traded. We went public in Canada in
• 1:19:25
  2021. We did that as a Bitcoin ATM
• 1:19:28
  company because there was no other option for us to be able
• 1:19:32
  to grow and expand. And we actually expanded.
• 1:19:35
  We gave other bitcoiners our newly public equity to grow the
• 1:19:39
  Bitcoin ATM business and then we've been able to to build the
• 1:19:43
  Bitcoin portal on the Bitcoin ATM success.
• 1:19:47
  That's been really awesome to be able to do.
• 1:19:48
  And now I love the idea. I love the concept of having our
• 1:19:52
  customers be our shareholders and our shareholders be our
• 1:19:55
  customers. I've got this vision for like
• 1:19:57
  this Bitcoin super company and I believe that, you know, you look
• 1:20:03
  at Meta. And he's got like a, he's kind
• 1:20:06
  of wants to be like the metaverse super company, which
• 1:20:09
  like, you know, that is what it is.
• 1:20:10
  Let's take the actual, you know, widget aside.
• 1:20:13
  But as far as this like super company goes, a bunch of
• 1:20:15
  different, you know, businesses, a bunch of different brands, a
• 1:20:18
  bunch of different companies with separate leadership and,
• 1:20:22
  and strategic focused vision, all that want to support the
• 1:20:26
  mission of Meta has a lot of weight.
• 1:20:29
  But Bitcoin, well, our mission is to enable independence.
• 1:20:32
  And right now we do that through Bitcoin ATMs and we do it
• 1:20:34
  through the Bitcoin portal. But where else can that can that
• 1:20:38
  grow? How else can we enable
• 1:20:39
  independence, right? There's, you know, certainly
• 1:20:42
  inside like social media, the Noster side of things is insane.
• 1:20:46
  And I think there's a lot of value that a company whose
• 1:20:48
  mission to enable independence can integrate Noster.
• 1:20:51
  There's media, education, different ways that we can
• 1:20:55
  integrate and look at international remittances.
• 1:20:58
  There's all kinds of different avenues that we can use to
• 1:21:01
  enable independence and I do not believe that we are just simply
• 1:21:05
  some some vessel to like pump like just pad shareholder
• 1:21:11
  pockets. What we want to do is create
• 1:21:13
  maximum value for the world and we're so mission focused that
• 1:21:18
  we've got this low time preference that gives us the
• 1:21:21
  ability to build products that is yeah, like that.
• 1:21:24
  So I just wanted to address that.
• 1:21:25
  I saw this stock come up a couple of times.
• 1:21:27
  Love it. Yeah.
• 1:21:28
  And Adam, for the audio listeners, what is the stock
• 1:21:31
  tickers? And guys, it's, it's up here
• 1:21:32
  every single day. Wait, wait.
• 1:21:34
  Do this. Yeah, BTCW if you're in Canada
• 1:21:36
  and BCNWF if you're in the States.
• 1:21:39
  However, we're on the OTC markets in the States, so you
• 1:21:42
  can't buy it on Robin Hood, which sucks, but when?
• 1:21:45
  Robin Hood. Yeah, come on Robin Hood, where
• 1:21:48
  you at? Get our get our penny stock on
• 1:21:51
  there. But in but in reality, like as
• 1:21:54
  we grow and expand and as we, you know, graduate out of penny
• 1:21:58
  stock territory and into junior cap and then into just like, you
• 1:22:01
  know, mid cap. And like as we grow, as we see
• 1:22:04
  success, as the simply Bitcoin audience continues to, you know,
• 1:22:08
  tell their friends that self custody is the way to go.
• 1:22:11
  It's amazing talking and and and talking to investors like
• 1:22:16
  talking three years ago to investors, everybody discounted
• 1:22:19
  self custody. You got to become custodial.
• 1:22:22
  It's going to be easier for your client.
• 1:22:23
  All the stuff that we know, right?
• 1:22:24
  This is the easier path. Do it.
• 1:22:26
  And I was steadfast. No, why don't you have Dogecoin?
• 1:22:29
  Why don't you have, you know, shit coin of the day on your
• 1:22:32
  portal? Because it's not sound money.
• 1:22:34
  We want to enable independence and we do that through making it
• 1:22:36
  easy to use Bitcoin. And now today, investors have
• 1:22:40
  changed their tune. They're like wow, self custody
• 1:22:42
  focused. This is so unique.
• 1:22:44
  This is so much better. You're saying it's safer.
• 1:22:46
  I believe you Now I get it. Oh, wow.
• 1:22:49
  When you're not distracted with a bunch of other random block
• 1:22:52
  chains and random tokens, you can focus on making Bitcoin easy
• 1:22:54
  to use. This is what happens.
• 1:22:56
  This is how it goes. So I think it's yeah, it's
• 1:22:59
  working. It's low time preference and I
• 1:23:02
  think at the end of the day, it's just like community.
• 1:23:04
  Use the portal. Tell us what you like, tell us
• 1:23:07
  what you don't like. Tell us how to make it better,
• 1:23:09
  and tell us what's preventing you from telling your sister to
• 1:23:11
  use it. Because if your sister uses it
• 1:23:14
  successfully, then you know we're going to win.
• 1:23:17
  Absolutely, we're going to. One, one more question, Anika,
• 1:23:19
  sorry. I know, I know we're running,
• 1:23:20
  we're running long, but this is something I see in the chat all
• 1:23:23
  the time and I tell you guys constantly, but I'll give Adam
• 1:23:25
  the floor here and goes. If a purchase goes directly to
• 1:23:28
  an address then isn't that bad for UTXO management?
• 1:23:31
  Yeah, there's trade-offs. We're going to be implementing
• 1:23:33
  Lightning so that you can just buy Bitcoin like on a recurring
• 1:23:36
  schedule and send it straight to your Lightning address.
• 1:23:38
  And then we're going to give you the ability to swap from
• 1:23:40
  Lightning to on chain, probably for free if you're doing like a
• 1:23:43
  recurring buy system. We got to figure out what the
• 1:23:45
  price is going to look like still.
• 1:23:47
  So that is one way to combat it. But also just like, just watch,
• 1:23:50
  like the fees are not going up forever, right?
• 1:23:52
  The fees kind of bounce around. And so I personally have been
• 1:23:56
  stacking on chain well for 10 years, but like, you know,
• 1:23:59
  religiously in this like two or three times a week type of
• 1:24:03
  schedule for years. And I just watched the fees and
• 1:24:06
  when the fees are in the, you know, 1020 sats per V byte, I
• 1:24:10
  consolidate. And that's no problem.
• 1:24:12
  It's part of the effort, part of the work of being sovereign is
• 1:24:15
  just having something to look out for.
• 1:24:17
  And honestly, consolidating UTXOS is like a really good
• 1:24:20
  practice because it gets you familiar sending Bitcoin, it
• 1:24:22
  gets you, you know, you got to go dig up the old hardware
• 1:24:26
  wallet. You got to like get familiar
• 1:24:28
  with your hardware wallet client.
• 1:24:29
  You got to get used to, you know, what does it look like to
• 1:24:32
  make a APSBT and then and then sign that on your, on your
• 1:24:36
  hardware wallet and then put that back into the client.
• 1:24:38
  And it's like a good practice to go through.
• 1:24:40
  It's a bit grounding. It's like, wow, this is healthy,
• 1:24:42
  this is important. This is what I'm going to have
• 1:24:44
  to teach my kids one day and what they're going to have to
• 1:24:46
  teach their grandkids one day. And I think it's a good part of
• 1:24:49
  being a bitcoiner. 100% and it's also therapeutic as fuck.
• 1:24:54
  Yeah, man, it's cool and that mempool graph like it's pass a
• 1:24:59
  little tight it. Feels it feels awesome man.
• 1:25:03
  Like the the like the consolidation is that feels
• 1:25:08
  great because you know you're not going to fuck it up.
• 1:25:11
  What's still like fucks with me till this day is like I don't
• 1:25:16
  know what the correct technological I'm sorry, Ben
• 1:25:20
  term for this is. But when you essentially send
• 1:25:24
  Bitcoin to a bunch of different addresses, which I think like a
• 1:25:28
  lot of people don't do very often, but I have to do it once
• 1:25:30
  a month, paid too many and that you're just, you have to like
• 1:25:35
  check like 50 times. But that is super satisfying
• 1:25:39
  when you pull it off as well, right?
• 1:25:41
  But a consolidation. Journey.
• 1:25:43
  Yeah, yeah. But consolidation is like
• 1:25:45
  therapeutic because you're like picking the addresses, you're
• 1:25:48
  like this one, this one, I'm just going to put it in one big
• 1:25:51
  pot. And then, you know, your, your
• 1:25:53
  hardware wallet tends to tell you like, OK, this is a
• 1:25:55
  consolidation. So you're like, OK, I'm in the
• 1:25:56
  clear. But yeah, man, it's I'm happy to
• 1:26:00
  be a part of, you know, kind of this journey.
• 1:26:03
  And this is a philosophy that we've adopted from the very
• 1:26:06
  early days of simply Bitcoin, which is we build out in the
• 1:26:10
  open, right? Like from the beginning.
• 1:26:11
  And then you see the progress over time, like don't trust what
• 1:26:15
  we're going to say, trust our work, right?
• 1:26:17
  Which is very Bitcoin. That ethos is very Bitcoin
• 1:26:20
  esque. And that's something that I
• 1:26:21
  appreciate that you guys do, right?
• 1:26:23
  And one of the best ways, guys, if you have feedback about the
• 1:26:26
  platform, you want to connect with Adam as well.
• 1:26:28
  I see people in the chat mentioning his shorts, which are
• 1:26:31
  hot fire they've been dropping. Opti's done an incredible job
• 1:26:35
  and so is Adam. And it's all Adam, dude.
• 1:26:37
  I just, I just tee him up. And and like guys, one of the
• 1:26:42
  best ways to reach Adam is to follow his Twitter.
• 1:26:45
  You go to Adam O'Brien under score message on Twitter if you
• 1:26:48
  have any feedback or regards to it.
• 1:26:50
  If you have any 90s quotes for the Bitcoin wishing well.
• 1:26:53
  Oh, we actually made a hashtag. If you have any 90s quotes or
• 1:26:56
  like 90s stats that you want in the well to or in the wishing
• 1:26:59
  well, I think it's retro. Well, it's in the blog post.
• 1:27:02
  I'll I'll tweet it out in a minute, but hashtag retro well
• 1:27:07
  with your quote and and tag at the Bitcoin well or tag me if
• 1:27:11
  you want. Then we'll pick the best ones
• 1:27:13
  and we'll actually put them in the the Bitcoin wishing well
• 1:27:16
  rotation and give you some credit in there too.
• 1:27:18
  So definitely want to make this a bit of a community fun.
• 1:27:21
  Hell yeah, man. Well, dude, that's.
• 1:27:22
  All right, Nico, now you're going to be awesome.
• 1:27:24
  Adam. Adam, what's your last two sets
• 1:27:25
  for the audience? Use the Bitcoin wishing well.
• 1:27:29
  Have some free sats and go to the hockey pool and give
• 1:27:34
  Edmonton some love 'cause we could really use it.
• 1:27:36
  Go Oilers, let's go. Florida sucks.
• 1:27:41
  Just go off here until you guys cut me off.
• 1:27:43
  Oh, man, I, I want to do, I do want to give a like a head like
• 1:27:48
  the so we ended the poll. We did a YouTube poll and it
• 1:27:51
  says who wins the Stanley Cup. Oilers got 52% of the vote.
• 1:27:56
  The Panthers got 47% of the vote.
• 1:27:59
  I don't know how those percentages worked out.
• 1:28:01
  Mine's different. Mine's different.
• 1:28:02
  It says. Where'd it go?
• 1:28:04
  You ended it. It was 56 Panthers.
• 1:28:07
  Oh, really? That's so weird.
• 1:28:09
  The. Only the only real poll if
• 1:28:11
  you're going to win the six and by the way, it's six because
• 1:28:15
  orders will win their 6th cup when they win the series here.
• 1:28:17
  That's that's that's why it's six coin tosses into the
• 1:28:20
  Panthers have zero, but it's if you want to win six free coin
• 1:28:26
  tosses into the Bitcoin wishing well, all you got to do is go to
• 1:28:30
  your Bitcoin will account, click rewards, click hockey pole and
• 1:28:34
  then pick the winner. Who do you think is going to win
• 1:28:35
  the Stanley Cup this year? Everyone who guesses correctly
• 1:28:39
  gets the six coin tosses. Oh, man, dude, that's so sick,
• 1:28:43
  guys. Oh, man, I'm I'm excited.
• 1:28:45
  It's it tonight. It's it.
• 1:28:46
  No, there was a game yesterday. When's the next?
• 1:28:49
  Game Thursday is the next one 'cause they got to travel across
• 1:28:52
  the continent now to get back to Edmonton.
• 1:28:55
  Boom boom, the show. You know to do smash the like
• 1:28:57
  button. Consider subscribing if you feel
• 1:28:58
  like we provided you value. This is simply Bitcoin for June
• 1:29:01
  11th, 2024. I'm your host Nico, my legendary
• 1:29:04
  Co host Optimus Fields and our guest for today, the badass
• 1:29:07
  Bitcoin, the badass Bitcoin entrepreneur and CEO of
• 1:29:10
  bitcoinwell.com, Adam O'Brien. Anyways, guys, we love you all.
• 1:29:13
  We're back tomorrow for another episode of simply Bitcoin Live
• 1:29:15
  and we'll be back with a simply Bitcoin IRL.
• 1:29:18
  And of course, stay tuned for Ruston's videos and Adam and
• 1:29:22
  Opti's shorts. They're coming in hot fire.
• 1:29:24
  All right everybody, love you all.
• 1:29:25
  We'll see you tomorrow for brand new episode of Simply Bitcoin
• 1:29:28
  Live. The episode was brought to you
• 1:29:32
  by bitcoinwell.com on a. Mission to enable independence.