Latest / Simply Bitcoin / Did trumps NEWEST WARNING JUST BACKFIRE And CRASH the markets?! | EP 1421

Transcript

Did trumps NEWEST WARNING JUST BACKFIRE And CRASH the markets?! | EP 1421 · Simply Bitcoin

• 0:01
  You're probably wondering why did Bitcoin just crashed from
• 0:05
  98K to 92K overnight during a holiday weekend while the
• 0:10
  markets were closed? Well, I've got some good news
• 0:13
  and some bad news for you. The dump might have less to do
• 0:17
  with Bitcoin itself and entirely to do with Trump's new tariff
• 0:21
  war that he just started this weekend.
• 0:24
  I got a lot to break down. So let's just dive straight into
• 0:27
  it. All right, guys, again, we're
• 0:30
  all aware, you know, Bitcoin nuked and I see a lot of people
• 0:33
  like, oh, it's over. We're seeing what's happened in
• 0:35
  the precious markets. What's going on?
• 0:38
  Are we done for? Are we in a bear market?
• 0:40
  Well, I don't know. I am still feeling a little
• 0:43
  bullish, guys. I I know contrarian view.
• 0:46
  I am a perpetual bull, but it really does seem like it's
• 0:52
  really more the macro landscape that is affecting Bitcoin.
• 0:55
  And as everyone knows, the last time we had a tariff trade war
• 0:58
  coming from Trump, it was the last two drops, October 10th and
• 1:02
  the November 6th. Wait, was it November 16th drop?
• 1:06
  I think that was the day. I'm forgetting it might be 6 or
• 1:08
  16th. I'm I'm blanking right here.
• 1:09
  Anyways, let's get into all the stuff that Trump's doing.
• 1:12
  So again, guys, look, I've been saying this for a while and I, I
• 1:17
  did get some Flack from you guys in the chat.
• 1:19
  But from my perspective, a lot of the stuff that we're seeing
• 1:23
  in the markets, you have to kind of take Trump's words at face
• 1:28
  value. Even Scott Besson came out, I
• 1:31
  saw a report this morning already more of a sound bite and
• 1:34
  he's like, look, take Trump at his word.
• 1:36
  And so I think the markets are doing exactly that.
• 1:39
  But considering that we have a financial holiday today is
• 1:44
  Martin Luther King Day, the markets are closed until I think
• 1:48
  the market might be able to digest this information.
• 1:50
  But the Trump trade war, tariff war game plan is playing out
• 1:56
  exactly as they kind of have designed this.
• 1:59
  And so here we go. This is where it all starts.
• 2:03
  Is Trump on true social. And of course, this is all
• 2:07
  around the Greenland acquiring Greenland for America.
• 2:10
  The strategic importance of Greenland.
• 2:12
  I know a lot of people that aren't totally familiar with
• 2:15
  what is this move about? Is this just Trump being kind
• 2:19
  of, you know, a dictator? He's just like, oh, we're going
• 2:21
  to take all the things. We're going to make America
• 2:23
  great by literally taking all of the Americas, the entire Western
• 2:27
  Hemisphere. But there is a strategic
• 2:30
  significance to taking Greenland.
• 2:32
  There is a historical precedent as well.
• 2:35
  There's been a lot of talks for a long time of the US acquiring
• 2:38
  Greenland. And you really got to kind of
• 2:41
  view this in light of the whole Russia, China stuff.
• 2:44
  Now, for a lot of people maybe not aware they're like, what
• 2:47
  does Greenland have to do with China or Russia?
• 2:50
  Well, one thing, China's been trying to get a foothold in
• 2:54
  Greenland. And then also when you consider
• 2:57
  we are in a, let me see, am I in the past the two minutes we are
• 3:01
  in, you know, in a nuclear scenario and historically kind
• 3:05
  of the game planning, the war planning of how that might break
• 3:09
  down. If there were a case where we
• 3:10
  went into a nuclear World War, Well, Russia would essentially,
• 3:14
  you know, would send missiles straight over over Greenland
• 3:19
  into the US. And so therefore having
• 3:21
  something in the middle to basically, as Trump's been
• 3:25
  talking about this golden Dome, essentially view and monitor
• 3:30
  where these missiles are coming. You want to you want to see them
• 3:32
  happen earlier than later. Therefore, I think this is the
• 3:35
  strategic importance of Greenland on a national security
• 3:38
  level. Anyways, that's just like
• 3:40
  background, you know, game planning, war planning and all
• 3:42
  that stuff. Here is the tweet that really I
• 3:44
  think caused everything. I think anyone that is
• 3:47
  understanding what's going on understands that everything
• 3:50
  we're seeing in the markets right now is all about the
• 3:53
  tariffs that Trump is implementing anyways.
• 3:55
  I'm not going to read the whole true social point, but they go
• 3:58
  or Trump goes, and this was the 17th at basically noon, he goes,
• 4:02
  We have subsidized Denmark and all of the countries of the
• 4:04
  European Union and others for many years by not charging them
• 4:07
  tariffs. Now, after centuries, it's time
• 4:10
  for Denmark to Denmark to give back.
• 4:12
  World Peace is at stake. China and Russia want Greenland,
• 4:15
  and there's not a thing that Denmark can do about it.
• 4:17
  So this is what we're seeing on top of everything else.
• 4:21
  Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands
• 4:24
  and Finland have journeyed to Greenland for purposes unknown.
• 4:27
  Now, going further, this is where Trump starts talking about
• 4:31
  the new tariffs that we are imposing, or at least supposedly
• 4:36
  imposing. And this is the game plan.
• 4:38
  Trump essentially announcing some tariffs.
• 4:40
  He gives a future timeline. So we could either come to the
• 4:44
  negotiating table, which is I think what they want to do, and
• 4:47
  then the tariffs are off. Hence why there was so much
• 4:49
  volatility last year. Hence why I believe, if I
• 4:52
  remember correctly, at some point last week, I was like,
• 4:55
  guys, do not be surprised if there's heightened volatility in
• 4:59
  the markets because of all the stuff you're seeing on the world
• 5:01
  stage. Anyways, we go here on June.
• 5:06
  Wait, where is the where is the part where they say it?
• 5:08
  So starting on February 1st, 2026, all of the above mentioned
• 5:12
  countries, Denmark, Norway, Sweden, France, Germany, the UK,
• 5:15
  Netherlands and Finland will be charged a 10% tariff on any and
• 5:20
  all goods sent to the United States of America.
• 5:23
  So this is the initial kind of baseline, you can say threat.
• 5:27
  We're going to tariff all of these countries 10% whether you
• 5:30
  like it or not. They're forcing them to the
• 5:32
  negotiation table because America is very serious or
• 5:36
  rather maybe Trump is very serious about acquiring
• 5:38
  Greenland for the war planning that I mentioned at the very
• 5:41
  beginning of the show. Now, this is where things start
• 5:44
  to get, I guess, more tense. This is where I think most of
• 5:48
  the confusions happened. This is why I believe the
• 5:50
  markets have melted down. Not all the markets though, May,
• 5:53
  may I, you know, point that out. We are seeing precious metals do
• 5:57
  the exact opposite of Bitcoin and a lot of people are saying
• 6:00
  this, this could be a bearish case for Bitcoin.
• 6:03
  Again, maybe it's I'm a rose colored lenses person, but to
• 6:07
  me, I think it's telling us a little more of a bullish signal.
• 6:10
  But here's the headline for Bloomberg this morning.
• 6:13
  The EU grapples with the response to Trump's Greenland
• 6:15
  tariff threat, though they did launch this yesterday on the
• 6:19
  18th later on at night. And Trump responded to this or
• 6:23
  wait, yeah, here we go. Here's Kobayashi letter.
• 6:26
  You guys know, I absolutely love their reporting on Twitter and
• 6:29
  we got break making. President Trump says NATO has
• 6:32
  been telling Denmark to quote, get the Russian threat away from
• 6:35
  Greenland, quote, now it's time and it will be done.
• 6:38
  And here is where I think we saw most of the markets happen late
• 6:43
  last night. Again, it was at Sunday night.
• 6:45
  Lot of bitcoiners are like who is selling Bitcoin at Sunday
• 6:49
  night? The markets are closed.
• 6:50
  Like what is going on? I think it was all in response
• 6:53
  to this tweet. NATO has been telling Denmark
• 6:56
  for 20 years they have to get the Russian threat away from
• 6:58
  Greenland. Unfortunately, Mark has been
• 7:00
  unable to do anything about it. Now it's time and it will be
• 7:03
  done. So he doubled down on the
• 7:05
  threat. He basically said, look, we're
• 7:07
  going to tear off the EU or a lot of countries in the EU.
• 7:11
  The markets and really the leaders had no real idea how to
• 7:15
  respond to this. They're grappling.
• 7:17
  Some are OK with it or rather maybe not OK with it, but
• 7:19
  they're like, all right, you know, we're not going to
• 7:21
  retaliate too hard. Others are like, we're going to
• 7:23
  retaliate. And then Trump double s down on
• 7:26
  it. And I think this is where we saw
• 7:28
  the markets kind of have some turmoil.
• 7:32
  And I think the timing is really the most important aspect of
• 7:35
  this. Now there has been some
• 7:38
  responses from China as well. Kobayashi letter has been
• 7:41
  covering this. They did a press conference
• 7:43
  saying that, you know, President Trump can't be using China as an
• 7:47
  escape go anymore. They, they got to basically be
• 7:50
  honest and transparent about their quote, selfish interest,
• 7:53
  which from my perspective, I think, I think he's been very
• 7:56
  kind of transparent at least on the last acquisition or you
• 7:59
  know, acquisition. And I think they're being
• 8:01
  transparent with this Greenland one as well.
• 8:03
  Now, another interesting aspect of this is we saw Scott Besson
• 8:08
  go on Fox News and this was brought to our attention
• 8:12
  yesterday and he basically laid down exactly what the Trump
• 8:17
  administration wants to do. I'm not going to play the whole
• 8:18
  clip. It was a 24 minute clip on Fox
• 8:21
  News. But this is a basic, you know,
• 8:23
  good little little layout, little summary of it.
• 8:25
  And it goes. Besant lays out with unusual
• 8:28
  clarity Trump's economic agenda. Running the economy hot, which
• 8:32
  I've been telling you guys is going to happen.
• 8:34
  Yes, we got some volatility, but they've been very transparent.
• 8:37
  They're going to run the economy extremely hot. 2nd, tariffs will
• 8:41
  become a strategic norm, as we saw in 2025, as we're seeing in
• 8:45
  the beginning of 2026. Again, expect probably more
• 8:49
  heightened volatility. Part of me is like, hey, at
• 8:51
  least Bitcoin's not a stable coin.
• 8:52
  Obviously, I wanted to pump upwards, not downwards.
• 8:56
  Anyways, the economy must be reprivatized.
• 8:59
  Growth must outrun debt, and the Fed must be overhauled.
• 9:04
  Now an interesting aspect on that last point, Reuters
• 9:07
  reported this morning, or rather it was yesterday, yesterday.
• 9:10
  Here's the headline. Oh, sorry, I refreshed it.
• 9:13
  Here's the headline. Wait, where'd we go?
• 9:16
  OK, actually, this was Friday. Sorry.
• 9:19
  And it goes. Trump tells Hassett he may want
• 9:21
  to keep him at the White House. Remember, Kevin Hassett has been
• 9:24
  one of the favorites for the Fed chair.
• 9:26
  He is tentatively pro Bitcoin. And we also know he wants to do
• 9:30
  exactly what Trump wants, which is lower interest rates run the
• 9:34
  economy hot it he's basically Trump by that's what I mean by
• 9:38
  he wants to pack the Fed bored with people that are lining with
• 9:43
  agenda Now in here is an interesting little tidbit which
• 9:46
  does make you think that a lot of the things we are seeing is
• 9:49
  theater. It's political economic theater.
• 9:52
  These I think Trump is just doing literally the art of the
• 9:55
  deal stuff in real time. And it was really kind of I
• 9:59
  think maybe lost. Oh did it not highlight this
• 10:02
  morning. Wow.
• 10:03
  OK anyways let me let me try to refind it because I had it
• 10:08
  highlighted here, but I guess it got lost when I refreshed this
• 10:15
  little. Wait, hold on one second.
• 10:17
  OK, here we go. This is the, this is like the
• 10:20
  big kahuna here, which even when I was telling Luke this morning,
• 10:24
  he's like, no, Trump did not say that.
• 10:26
  As you know, there's been a saga coming out of Trump versus the
• 10:29
  Fed, the Treasury versus the Fed or Trump administration versus
• 10:33
  the Fed. And over the weekend we heard
• 10:35
  that quote, Trump said in a Reuters interview on Wednesday
• 10:39
  that he is no plan to fire Powell from the Fed.
• 10:42
  And he's saying, hey, the, the the both of the Kevin's that are
• 10:45
  in the running right now are probably probably good choices
• 10:48
  for the next Fed chair. So there you see a lot of key
• 10:50
  fob, a lot of political maneuvering, a lot of Art of the
• 10:53
  Deal stuff is playing out. But as we can hear from Scott
• 10:58
  Besson, the game plan seems to me, at least from my
• 11:01
  perspective, pretty clear now. You're probably like, OK, all
• 11:05
  right, so Bitcoin is melting down because we're in another
• 11:09
  trade war. Like, does that really paint the
• 11:12
  picture for what's going on? I think it really does.
• 11:16
  And here's Lynn Alden's kind of take on that tweet that, you
• 11:19
  know, Agent Smith from The Matrix.
• 11:21
  Do you hear that? It is the sound of
• 11:23
  inevitability. Of course, they cannot stop the
• 11:25
  trade or this, I forget whatever quote is, guys, but you know,
• 11:28
  you know what I'm saying. Anyways, here is kind of the
• 11:32
  headlines surrounding the Bitcoin price, which I don't
• 11:37
  fundamentally agree with the framing, but I'll make my case
• 11:41
  afterwards. Here is the headlines, which is
• 11:44
  Bitcoin just failed its biggest digital gold test and the reason
• 11:48
  why I should have every investor deeply worried.
• 11:51
  Despite prominent sell off, long term projections still hold
• 11:54
  firm. Of course they're talking about
• 11:56
  the USEUEU tariff war. We saw the immediate price
• 12:01
  volatility in Bitcoin over the weekend.
• 12:03
  Literally, the markets are still closed.
• 12:05
  They're going to open later today, so maybe the markets and
• 12:09
  investors will have time to digest this information.
• 12:13
  Could be that the sell off we saw was, you know, where we're
• 12:16
  going to be. The other side of me is like, I
• 12:19
  would maybe expect more volatility tomorrow from my, you
• 12:23
  know, my chart bowling, my TA, my, my magic lines.
• 12:27
  Bitcoin held up really good, even though we saw a, a
• 12:30
  significant movement on tariff news or a new trade war playing
• 12:34
  out. But this is kind of the, the
• 12:37
  narrative being played out right now.
• 12:39
  Again, as I started the show, it has a lot less to do with
• 12:42
  Bitcoin, though we did see $585 million liquidated overnight.
• 12:47
  So yes, the liquidated, the leverage is still getting
• 12:50
  cleared out of the markets. But in reality, from from what
• 12:53
  I'm seeing, this has way more to do with the tariff wars.
• 12:58
  And we saw what happened in the past last year every time Trump
• 13:02
  announced a tariff war, we saw a lot of heightened volatility.
• 13:05
  Bitcoin long term reacted very well.
• 13:08
  Again, people could say Bitcoin failed.
• 13:11
  You know, the strongest test ever.
• 13:13
  I do have another coin base article here which essentially
• 13:17
  says the same thing. It goes Bitcoin slips before
• 13:22
  below key support as tariff talk rattles Crypto fell alongside
• 13:26
  global equities after reports the EU is preparing retaliatory
• 13:30
  tariffs against the US. This is, I think, the prevailing
• 13:34
  narrative, the prevailing sentiment going on in the world
• 13:36
  right now. Trump is out here like a cowboy,
• 13:40
  you know, calling tariffs, calling them off.
• 13:44
  We have very, we've just entered an even more uncertain time
• 13:47
  right now in terms of what is actually going on in the world.
• 13:51
  But I think if you're listening to what Scott Besson or even
• 13:54
  Trump himself is saying, they've been, I've, I would argue,
• 13:57
  pretty transparent on what they're going to do.
• 13:59
  The problem is most people aren't taking Trump at his word.
• 14:03
  Now, I know some people are like, Trump's a liar.
• 14:06
  I would maybe argue, like Trump is telling you exactly what he
• 14:10
  wants to do. Now, the bigger question is, is
• 14:13
  he going to actually be able to do that?
• 14:15
  Which is kind of becoming my prevailing sentiment for 2025.
• 14:19
  We know what they want to do. It seems like they still have a
• 14:22
  lot of time or a lot of trouble implementing all the stuff they
• 14:25
  want to do. And this is kind of why there's
• 14:28
  been so much uncertainty in the markets, though they're coming
• 14:31
  out of the gate pretty strong in 2026.
• 14:34
  If they're able to do something similar like they did in
• 14:36
  Venezuela, Greenland might be acquired by the US coming very
• 14:41
  shortly. So that's like the prevailing
• 14:43
  sentiment here though. Shouts out to Nick Bhatia,
• 14:46
  though. I'm not going to lie, I don't
• 14:48
  know where he got this trend line from, but I love the tweet.
• 14:52
  Give me some opium, Nick. He goes.
• 14:53
  Bitcoin narrowly holds its two year trend line.
• 14:56
  I tried to fit my charts with a, with a 2 year trend line and I'm
• 14:59
  like, I don't know where I look when I fit them, when I
• 15:02
  retroactively fit my lines, I don't see the two year tread
• 15:06
  line. But hey, I'll take Nick Bhatia's
• 15:08
  word for this. You know, he's, he's a little
• 15:11
  little more experienced. He's been in the trenches a lot
• 15:13
  more than me. And so you can take this, you
• 15:16
  know, you can take this tweet as as gospel here.
• 15:19
  Here's kind of my what I'm seeing on my charts.
• 15:22
  I know you guys, some of you guys like my chart bowing, Some
• 15:25
  of you are like Opti. It's just tea, tea leaves.
• 15:29
  You're just tea leaf reading. All right, but here's what I
• 15:32
  saw. This is what I see happening
• 15:34
  currently. I did kind of I had to move my 2
• 15:37
  year trend line because the last, you know, drop around
• 15:40
  October, November, completely nuke my trend line.
• 15:43
  So I started a new one a couple of weeks ago and it's basically
• 15:48
  at the start of this year and Bitcoin kissed it perfectly held
• 15:52
  up with the 50 day moving average as well.
• 15:55
  So on that front, it's like, hey, all right, like yeah, we
• 15:59
  got a little pull back, a little volatility in the markets, but
• 16:02
  it is being held up right now. It could have been worse.
• 16:05
  Now tonight could be worse tomorrow could be worse again.
• 16:09
  This is a holiday right now. Markets are closed until later
• 16:12
  today and we could see more volatility in the markets.
• 16:16
  But what is really, really interesting here, and I think
• 16:20
  this is probably where I get a more I like I said, you know,
• 16:26
  rosy red glasses take on what's going on and it's what's
• 16:30
  happening in the precious metals.
• 16:32
  Now I know a lot of bitcoiners look at what gold's doing and
• 16:35
  and they think it's a 0 sum game.
• 16:37
  They're like, oh, you know, gold's taking all of the
• 16:40
  attention away from Bitcoin. As you can see, gold ripped as
• 16:44
  Bitcoin dumped gold ripped and then further silver is
• 16:48
  absolutely exploding as well. It started to break out as of
• 16:53
  its kind of decline. It's at all time highs.
• 16:56
  Some people are saying that in China, gold is already above
• 16:59
  $100 per oz. Anyway, what could be my take
• 17:03
  away here? The bullish take away, which I
• 17:06
  think is AI don't know. I think this is some of summing
• 17:11
  up the perspective of investors currently.
• 17:15
  And as I've said for a long time, Bitcoin and gold are
• 17:20
  essentially it's like grandpa and nephew.
• 17:23
  We are both in the hard money game.
• 17:25
  Now I do think that Bitcoin is harder obviously by the current
• 17:30
  inflation rate, I think Bitcoin is a better investment.
• 17:33
  But what most people still I don't think fully of grasp is
• 17:37
  that yes, Bitcoin is still a new technology.
• 17:40
  Bitcoin is still being tested, it's still earning its keep.
• 17:43
  And most investors right now, in the face of all this
• 17:46
  uncertainty, in the face of all the things going on, on the
• 17:49
  macro landscape, they're moving into first the hard money trades
• 17:54
  that they are more comfortable with, which is of course gold.
• 17:58
  And then when you look at gold, usually if you're a gold bug,
• 18:02
  you're kind of a precious metal bug, which is why I think we're
• 18:05
  seeing silver also run. But I think gold and silver are
• 18:09
  telling us a lot about what's going on in the markets in
• 18:12
  general and also how people are viewing this trade right now.
• 18:15
  People want hard assets. Now.
• 18:18
  Do I think that gold running is taken away from Bitcoin though?
• 18:22
  You could literally see it. It was an inverse correlation
• 18:24
  over the weekend. Gold pump, Bitcoin dump.
• 18:26
  So This is why the coin desk headline is essentially saying
• 18:30
  or the other headline is like Bitcoin failed its biggest test
• 18:33
  as a digital gold. I'm viewing this a little
• 18:36
  differently. Obviously, I'm always silver
• 18:39
  lining. I'm always a bullet hard.
• 18:40
  I'm always optimistic on the price movement.
• 18:43
  But I think this is telling us that the hard money trade is the
• 18:47
  trade currently. That is the that's the move that
• 18:51
  most people are doing. That's the move that people want
• 18:53
  to do or rather need to do right now.
• 18:55
  You need to move into hard assets because the agenda is
• 18:59
  very clear here. They're going to run the economy
• 19:02
  hot translated. They're going to to expand the
• 19:06
  money supply again. Translated one more time.
• 19:09
  They're going to print money. Printers going to go Burr
• 19:12
  Liquidity is coming back on the table again.
• 19:14
  Q TS over. We're not necessarily in QE, but
• 19:17
  we're in QE. So I think the signal is on the
• 19:21
  wall. Everyone is viewing what's going
• 19:23
  on in the economy. They're kind of looking at Trump
• 19:25
  like he's he's a wild cannon. One week we're going to get
• 19:28
  trade tariffs. Next week they're going to be
• 19:30
  off. And then who knows in a month or
• 19:32
  two we might be back on again. But you're seeing a monetary
• 19:37
  reordering happen in real time. There is a monetary reshifting
• 19:41
  happening right now. And if you're not in hard
• 19:43
  assets, you are really going to be left in the dust.
• 19:48
  Now gold and silver again is what people are are more
• 19:51
  comfortable with currently. That's just the trade that they
• 19:54
  want to make. But I think we are starting to
• 19:57
  see or rather will start to see that liquidity go further on the
• 20:02
  risk asset, you know tail end which is.
• 20:04
  Bitcoin, I like to view Bitcoin as it's the final trade.
• 20:08
  It's what you do when you finally exhaust everything else
• 20:12
  and you realize Bitcoin is just waiting at the finish line.
• 20:15
  So I think seeing gold move, seeing silver move currently, I
• 20:19
  think this is the signal of what we are seeing.
• 20:22
  Hard money trade or the trade of 2026.
• 20:26
  We're probably going to get a lot of volatility from Trump and
• 20:29
  tariff scares or tariff concerns.
• 20:32
  We really don't know. Trump could wake up on the wrong
• 20:35
  side of bed and be like, all right, we're slapping more
• 20:37
  tariffs on today. But then he wakes up the next
• 20:39
  day and he's I actually we're taking it off again.
• 20:42
  I think this is art of the deal stuff going on.
• 20:44
  He basically comes with a very aggressive move, let's the
• 20:50
  market kind of deal with the aftermath and then through all
• 20:54
  the chaos, he comes back and and does basically a less aggressive
• 20:58
  move and gets exactly what he wants.
• 21:01
  It's almost like a Hegelian dialectic.
• 21:02
  You know, you say you want this so that you can negotiate what
• 21:06
  you actually want. And because you went so extreme,
• 21:09
  your real ass doesn't seem that extreme.
• 21:12
  This seems to be what's playing out, though.
• 21:14
  Again, taking Trump at his word, I think he really wants
• 21:18
  Greenland. OK.
• 21:19
  So I think that's kind of what's going on.
• 21:21
  All of the the the volatility in the markets are happening right
• 21:26
  now because of this new trade tariff deal.
• 21:29
  Now it is interesting the timing.
• 21:31
  The timing is probably the most interesting.
• 21:33
  It is a long weekend, holiday weekend in the markets.
• 21:37
  The market hopefully has enough time to digest this information.
• 21:40
  You know, Trump does this at like on the weekend, on a
• 21:43
  Saturday, responds again at night on a Sunday.
• 21:46
  The markets absolutely tanked Sunday nights or Monday morning.
• 21:51
  Now we're all kind of dealing. We literally wake up from Sunday
• 21:54
  and we're just dealing with the, with the dust settling.
• 21:56
  We're like what happened last night.
• 21:58
  As far as I knew, Bitcoin was around 95 K or something like
• 22:02
  that. Well, we wake up new trade deal,
• 22:06
  more volatility in the market now we ought to deal with it.
• 22:10
  So do I think today we'll see volatility?
• 22:13
  I kind of that's kind of my bearish case.
• 22:15
  I think we're going to we are potentially going to see some
• 22:18
  more volatility in the markets. Again, my magic lines, my 50 day
• 22:22
  moving average, my yearly trend line, those are holding on.
• 22:26
  Do I really hold that much weight in them continuing to
• 22:29
  hold on? They've they've held on pretty
• 22:32
  strong so far, but I wouldn't be surprised if we crater a little
• 22:36
  more tomorrow. But this is all happening
• 22:38
  because of this new tariff trade war.
• 22:41
  I don't think this has anything to do with Bitcoin.
• 22:44
  This is just what's going on in the macro landscape, the global
• 22:48
  economy. This is what is playing out
• 22:50
  right now. And the other interesting aspect
• 22:53
  which I've been saying for a while is Bitcoin is now I think
• 22:57
  legitimately, maybe it's not the biggest player, maybe it's the
• 23:01
  newest guy in the room, the newest guy at the table.
• 23:03
  But with all of we saw last year, with all the institutions
• 23:07
  coming into Bitcoin, with Trump basically going, we're going to
• 23:10
  be Bitcoin superpower of the world.
• 23:12
  Bitcoin is now barely clearly a macro asset.
• 23:17
  Hence for the 1st 1516 years, you could argue that Bitcoin
• 23:21
  didn't care what happened on the macro economy.
• 23:23
  It was being driven by a four year cycle.
• 23:25
  Now as we mature, I think Bitcoin will react to a lot of
• 23:29
  macro factors, excuse me. Hence why on a new trade war,
• 23:34
  new tariff, you know, scare going on.
• 23:37
  Bitcoin has reacting very strong to this.
• 23:40
  Again, Bitcoin is 24/7 the most saleable good.
• 23:43
  And therefore when people get scared, they react to it.
• 23:47
  And this does go into the fact that we have a new investor in
• 23:50
  the market. It's the institutions.
• 23:52
  The institutions read these headlines, they see this news
• 23:57
  and they're like, man, I need to position myself correctly.
• 24:00
  I need to position myself safely, which I think is what we
• 24:03
  saw with the inverse of gold and Bitcoin.
• 24:07
  People got shaken out to like, look, the last two times we had
• 24:11
  tariff trade wars going on, Bitcoin new.
• 24:14
  It could be a self fulfilling prophecy.
• 24:16
  So they're getting into gold, gold and silver ripping right
• 24:20
  now. It's gold and silver's time
• 24:21
  right now. Bitcoin, I think, will react
• 24:24
  very well against this whole backdrop.
• 24:27
  But in the short term, Bitcoin is farther on the risk appetite,
• 24:32
  but eventually the risk appetite will lead to Bitcoin.
• 24:36
  So that is my take on what's going on today, guys, that it's
• 24:41
  all because of this, this trade war.
• 24:43
  Trump announced 10% tariffs on EU.
• 24:45
  There is a battle right now with Trump administration versus the
• 24:49
  EU or as Tom Luongo usually says, the Trump administration
• 24:53
  versus the Davos globalist crowd, which again, the timing
• 24:57
  is very interesting. If you're unaware, this week is
• 25:01
  Davos Trump denounced his, you know, peace board, World Peace
• 25:05
  board. He announced his tariff on
• 25:08
  Greenland on a holiday weekend right before he's supposedly
• 25:13
  going to go to Davos this weekend and announce what he
• 25:15
  wants to do. The timing is, I think, the
• 25:19
  signal on what's going on. Once you know the tariff
• 25:22
  playbook, then you see it for what it is.
• 25:25
  And then the timing of going to Davos this week.
• 25:29
  I think that is telling us all the news you need to know.
• 25:31
  So we're going to get some interesting stuff coming out of
• 25:34
  Davos this week. I'm I'm guessing we're going to
• 25:37
  get a lot of news coming out of Davos.
• 25:40
  I think everyone is starting to head over there to Davos.
• 25:43
  It's going to be a very interesting week.
• 25:45
  We might be in for a lot of volatility this week.
• 25:48
  So I would buckle up. I would look at it Bitcoin right
• 25:51
  now. If we do get a more of a price
• 25:53
  crash, I would look at it as I always do.
• 25:55
  It's a discount on Bitcoin. If you like it at all time high,
• 25:58
  you're going to like it on discount.
• 25:59
  But just be prepared for some volatility this week.
• 26:03
  I could be wrong on that, but that's kind of like the
• 26:06
  expectation. I would say increase volatility
• 26:09
  right now, especially that we have Dabos playing out this
• 26:13
  week. We're going to see what they're
• 26:14
  trying to lay out. It's going to be a very
• 26:16
  interesting week for us guys. And as I was saying this morning
• 26:20
  when I was preparing with Luke, I was like, I know a lot of
• 26:23
  people are bearish right now. I know there's a lot of
• 26:26
  uncertainty in the market, but from my perspective, this is
• 26:31
  this is very interesting. I think this is somewhat like
• 26:34
  the most interesting times to be alive right now.
• 26:36
  It is all playing out right now. We all get to be on the front
• 26:40
  row watching what's happening. We all basically be the got to
• 26:44
  be chilling at the finish line, you know, sipping a water,
• 26:46
  sipping our Gatorade and electrolytes and we we get to
• 26:50
  watch how this plays out. We are we're in the winning
• 26:53
  trade. Yes, Bitcoin hasn't gone up.
• 26:55
  Yes, Bitcoin is still acting very volatile, but we know where
• 26:59
  the end goal ultimately ends up and that is in Bitcoin.
• 27:03
  So the world is digesting all this information, but you guys
• 27:07
  are just stacking Bitcoin and chilling.
• 27:08
  You guys are in the right position.
• 27:10
  We're just early and when you are early to a trade, it does
• 27:14
  feel like you are wrong. But I think Bitcoin is is the
• 27:18
  final thing that you trade for. Bitcoin is where you park your
• 27:22
  money. Bitcoin is where you park your
• 27:23
  wealth. It's just going to take everyone
• 27:26
  a little while to catch up, especially if you're part of the
• 27:28
  financial status quo. You're still kind of skeptical
• 27:32
  of Bitcoin. You move into the things that
• 27:34
  you're most comfortable with and that's playing out exactly as
• 27:38
  designed right now. So that would be my analyst of
• 27:41
  what is going on. I think, you know, it's the most
• 27:46
  interesting time on the macro world stage of what's going on.
• 27:50
  Simon Dixon would say that essentially we are entering from
• 27:54
  a unilateral world, the US kind of controlling everything to a
• 28:00
  more multipolar world. Also, if you guys watch the
• 28:04
  Dixie, Dixie corrected last night as well or it's been
• 28:08
  correcting. And so you're starting to see
• 28:11
  that this is what they want to do.
• 28:13
  They want to lower interest rates and even though they quote
• 28:17
  are America first and make America great, they are actively
• 28:22
  destroying the purchasing power of the dollar.
• 28:24
  We are entering a multi polar world now who can position
• 28:28
  themselves so that they can still maintain a superpower type
• 28:31
  role. After the end of the Cold War,
• 28:34
  the US really took the the headspot.
• 28:37
  Now it seems like we might be moving back into a multipolar
• 28:40
  world. Whether that's with the US,
• 28:42
  China and Russia, we still have yet to see.
• 28:45
  There could be backroom deals that none of us are Privy to the
• 28:48
  conversation right now. Maybe the US will get Greenland.
• 28:51
  Maybe China is negotiating for Taiwan.
• 28:54
  Maybe Russia is going to get Ukraine.
• 28:57
  This is all of the things you should be kind of paying
• 29:00
  attention to. But this week I think we'll get
• 29:02
  a lot more, maybe some more clarity, but definitely more
• 29:06
  volatility in the market. So that's my take going on right
• 29:09
  now. Yeah, yeah.
• 29:13
  Hard Hoddle gets it. Hard Hoddle gets it.
• 29:15
  I've been telling you we're going to be winners in 2026.
• 29:18
  One day. I'll be right.
• 29:19
  OK. Anyways, I do have some some
• 29:22
  interesting news. So as I was covering last week,
• 29:25
  it looked like the market structure Bill was DOA because
• 29:29
  Coinbase pulled back. Now we're getting some clips and
• 29:33
  some back talk from Brian Armstrong about this.
• 29:36
  So we'll be covering that. And then after, yes, our Friday
• 29:39
  show, we did get an update on the DOJUS State Marshals or the
• 29:46
  US Marshals on the Samurai wallet, Bitcoin.
• 29:50
  And then we do have Coin Dad coming in live from the studio
• 29:55
  on, you know, the mining museum. So he's going to come in around
• 29:58
  1:30 or maybe in like 1020 minutes.
• 30:00
  He'll be in here live in the studio.
• 30:02
  So that's the recap for today's show.
• 30:04
  On that note, let's keep the show moving.
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  se-ed.com store. All right guys we are back and
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  the current Bitcoin price is a 93,000 and $50.00.
• 32:24
  I repeat 93050. The discount from all time high
• 32:28
  is 26.3%. The market cap is back to 1.86
• 32:33
  trillion and the block height tick tock next block is 932,974.
• 32:39
  Okay guys. So as we've been covering a very
• 32:43
  interesting saga played out with the market structure Bill over
• 32:48
  the weekend or rather before the weekend and we got an update on
• 32:54
  this. So if you weren't watching the
• 32:56
  show last week or maybe you didn't watch the whole show, we
• 32:59
  got news or got wind of that. The market structure Bill was
• 33:03
  basically over because Coinbase pulled out Coinbase read the
• 33:07
  bill and they're like, hey, we can't support all of this stuff.
• 33:10
  The funniest one for me was like not enough shit coining in the
• 33:13
  bill for Coinbase to support it. That's a little bit of trolling.
• 33:16
  Brian Armstrong did do his own kind of breakdown of what it
• 33:19
  was. But here we got a new update
• 33:22
  from Brian Armstrong. Let's this is kind of the new,
• 33:26
  the latest wrinkle in this saga. I will play it for you and then
• 33:29
  I'll kind of show you a back and forth on Twitter.
• 33:33
  Got the genius passed into law, which actually did enable
• 33:37
  stablecoin rewards to happen. You know, the banks had their
• 33:41
  own concerns and we reached a good outcome in the genius act.
• 33:44
  And now the banks really are coming and trying to undermine
• 33:46
  the president's crypto agenda. I mean, these are the same banks
• 33:49
  that, you know, debanked his him and his family, right?
• 33:52
  And they want to come in and say that Americans should not be
• 33:55
  able to actually earn more money on their money.
• 33:57
  They're trying to protect their own profit margins, taking money
• 34:00
  out of the, you know, pockets of hard working average Americans
• 34:03
  and putting it into the coffers of these big banks that are
• 34:06
  hitting record profits. And so our view is that there
• 34:09
  should be a level playing field where banks and crypto companies
• 34:13
  can lean into stablecoin legislation as an opportunity.
• 34:16
  And that includes paying rewards to Americans so that they can
• 34:19
  earn more money on their money. So you heard, Brian, you know,
• 34:22
  this was on I'm blanking. I think it's Fox News.
• 34:26
  The biggest contention was the stablecoin yield question and
• 34:30
  essentially the banks are trying to protect their MO.
• 34:32
  Anyways, on the tweet that we covered last week, we got
• 34:36
  Eleanor Teret. She said scoop, you know,
• 34:38
  Coinbase is pulling out of this bill, it's basically DOA.
• 34:42
  Here's Brian Armstrong's response to this and he goes, in
• 34:45
  general, love your post, but this is not accurate.
• 34:47
  The White House has been super constructive here.
• 34:50
  They did ask us to see if we can go figure out a deal with the
• 34:52
  banks, which we're currently working on.
• 34:54
  Actually, we've been cooking up some good ideas on how we can
• 34:58
  help the community banks, excuse me, the community banks
• 35:01
  specifically in this bill, since that's what this is about, the
• 35:04
  community banks, right? More coming soon.
• 35:06
  Again, it's all this is a war of the incumbents versus the new
• 35:11
  kid on the block. And we're actually seeing some
• 35:14
  very interesting clips and headlines come out.
• 35:17
  In particular, I saw one from the Uber CEO saying that
• 35:21
  stablecoins are very interesting to them 'cause it saves them on
• 35:24
  fees. So stablecoins are the big
• 35:27
  concern right now for these banks, which is very interesting
• 35:30
  considering we got the Genius Act pushed through specifically
• 35:33
  because of stablecoins. Now the Clarity Act is having
• 35:37
  some issues over stablecoin yield, over who actually gets
• 35:40
  the profits from this. And this is, this is kind of
• 35:44
  where we are. Then Eleanor Terrett, again,
• 35:46
  she's been doing incredible work.
• 35:48
  She double s down, she goes, my reporting was airtight and
• 35:52
  accurate. You also just cited the central
• 35:54
  point of my story as correct, that the White House asked coin
• 35:57
  base to go secure a deal on yield.
• 36:00
  My reporting is that White House support now appears to be
• 36:02
  contingent on that outcome. So as Nico, he's more of the
• 36:06
  political analyst. He's like, yo, it's, it's over
• 36:09
  for it. Looks like they're, I don't
• 36:11
  know. I saw other tweets and headlines
• 36:13
  are coming back to the table to talk about this, to try to push
• 36:16
  something through, though I've been on the side of I'd rather
• 36:19
  probably have zero bill than a, you know, monstrosity of a bill.
• 36:24
  As much as I am kind of on the perspective of regulatory
• 36:30
  clarity might help the industry. I, I'm, I'm OK with them, you
• 36:34
  know, supporting us. I'm also very concerned about
• 36:37
  over regulation, which is usually what we've been seeing.
• 36:40
  But again, the Trump administration, Scott Besson,
• 36:43
  they've been very adamant about the fact that they're pushing
• 36:46
  for deregulation. Now, from what I saw of this
• 36:50
  market structure, market bill, it, it, it was, it was horrible,
• 36:54
  it was atrocious. It, it would have hurt our
• 36:56
  industry way more than if we have nothing on the table.
• 37:00
  So it looks like things maybe are getting rebooted.
• 37:04
  That's kind of where we are right now.
• 37:07
  Brian Armstrong, who for all intents and purposes was the
• 37:11
  very reason for this to kind of end up DOA.
• 37:15
  He's kind of like, hey, we're talking with the banks.
• 37:17
  We, we might be working something out, though, shouts
• 37:20
  out the Lola Elites. I, I'm kind of on Lola Elites's
• 37:23
  side on this one. She's quote tweeting all this
• 37:26
  and she goes, here's how this is going to go.
• 37:29
  The dams are going to let Coinbase have their yield.
• 37:31
  And in return, they'll get whatever they want on illicit
• 37:34
  finance, because getting rich will always be more important to
• 37:37
  these people than being free. And she double s down and goes.
• 37:40
  The next market structure bill will likely be a nightmare for
• 37:43
  your privacy. Here's to hoping that the
• 37:46
  standalone BRCA gets passed quickly so we can collectively
• 37:49
  tell these assholes where to shove it when the next draft
• 37:53
  comes around. I, I'm I'm kind of in total
• 37:57
  agreement with with Lola Leads. Again, shouts out to the rage
• 38:00
  publication. It looks like yes, there there
• 38:03
  might be some compromise on the stablecoin yield aspect, but at
• 38:08
  what cost? And if we have seen any
• 38:12
  indication of where this is going, in particular the Samurai
• 38:16
  wallet case, it looks like privacy is probably going to be
• 38:21
  the one that gets metaphorically sacrificed here.
• 38:24
  So that's where all the, you know, quote, regulatory clarity
• 38:28
  is at the current moment as of this weekend.
• 38:31
  Really, really, you know, great timing with all the other stuff
• 38:35
  happening in the markets right now.
• 38:37
  So we'll see what happens. Again, I'm not holding my breath
• 38:41
  on this. I I think maybe there should be
• 38:44
  some regulatory clarity, but at a certain point I'm really been
• 38:47
  just like just get out of our way.
• 38:49
  Please, just like don't hurt us here.
• 38:52
  Just you know, and operation choke .2 point O just kind of
• 38:56
  like treat us like everything else.
• 38:58
  Let Bitcoin get out of the gate. I think it's already out of the
• 39:01
  gate, but I'm, I have a very huge concern about over
• 39:04
  regulation, which is where we are seeing the trend go.
• 39:09
  So that's the most latest update on the Clarity Act financial
• 39:14
  market markup Bill. We got Bryan Armstrong's take,
• 39:18
  we got Eleanor Terence take, we got the more hardcore Bitcoin to
• 39:22
  take on this. So current status right now.
• 39:25
  I'm sure we'll get some more information about that coming up
• 39:29
  soon. Next we got another update and
• 39:32
  I, I, I was going to cover these last week, but we had a lot of
• 39:35
  guests in the studio, you know, we were changing things up a
• 39:37
  little bit. So maybe if you're perpetually
• 39:41
  online, you're already familiar with this.
• 39:44
  But we do have another update on the Samurai wallet Bitcoin that
• 39:49
  we still aren't so really sure where it is, but let's just
• 39:54
  cover that. We'll be right back.
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• 42:31
  So I am going to rehash kind of the start, give you some context
• 42:36
  of the whole samurai wallet stuff that we were covering here
• 42:40
  is kind of the smoking gun. So Frank Korba, again, he is an
• 42:45
  official White House correspondent, White House
• 42:47
  reporter through with Bit Bit Mag.
• 42:49
  It works at Bitcoin Magazine. You guys know him, great
• 42:52
  Bitcoiner. He's on all of the Bitcoin
• 42:55
  conference streams and now officially has the White House
• 42:59
  press pass. Anyways, he tweeted on the 5th
• 43:02
  of January new IT seems that the SDNY says the DOJ has sold the
• 43:06
  Bitcoin that the Samurai debts paid as part of their plea deal,
• 43:10
  even though the executive order 14233 mandates that forfeited
• 43:14
  Bitcoin be held in the USS Strategic Bitcoin Reserve.
• 43:17
  And this wasn't the first time in the Samurai case that the
• 43:19
  SDNY acted in defiance of federal guidance.
• 43:22
  Now we covered this when it happened, but we got Patrick
• 43:26
  Welt, who is the President Council of Advisory for Digital
• 43:30
  Assets. He on January, January 5th said
• 43:33
  we're, we are looking into this. And so everyone's like, OK, you
• 43:37
  know, we, we kind of gave our takes.
• 43:39
  I, I showed you that from what we're seeing, the on chain data
• 43:43
  showed that it looked like the US state marshals sent that
• 43:46
  Bitcoin to Coinbase Prime and there was no Bitcoin at that
• 43:50
  Coinbase address, which made everyone think that it looked
• 43:53
  like they sold their Bitcoin though they said they'll look
• 43:57
  into this. And the most recent update which
• 44:00
  happened on Friday was Patrick Witgo update.
• 44:05
  We have received confirmation from the DOJ that the digital
• 44:09
  assets forfeited by Samurai Wallet have not been liquidated
• 44:13
  and will not be liquidated per the President's executive order.
• 44:17
  They will remain on the US government balance sheet as part
• 44:21
  of the SBR. So you know, on the one hand,
• 44:25
  like the more hardcore bitcoiners, like, you know, I'm,
• 44:28
  I kind of want them to sell the Bitcoin because this is the true
• 44:31
  separation of money and state from the more pro strategic
• 44:36
  Bitcoin reserve Bitcoin superpower of the world.
• 44:39
  I guess you're like, OK, you know, at least the powers that
• 44:43
  be, at least the people in positions are actually following
• 44:47
  the federal law. At least they are continuing to
• 44:49
  follow the executive order and not sell the Bitcoin.
• 44:52
  So I think as of this point, we do kind of have to take
• 44:56
  Patrick's word for it because we haven't really gotten, you know,
• 45:00
  we haven't gotten an address here.
• 45:01
  We we can't actually pinpoint it on the blockchain.
• 45:04
  Anyways. Frank Korva responded with why
• 45:07
  did the SDNY sign an asset liquidation agreement with the
• 45:10
  Samurai Dev Zen, which was the smoking gun?
• 45:14
  The actual report we saw was this asset liquidation
• 45:17
  agreement, which made everyone kind of, you know, scratch their
• 45:21
  head and was like, OK, so they sold that Bitcoin.
• 45:24
  Interesting. And then he goes further.
• 45:26
  And why was the money sent to a Coinbase Prime address, which I
• 45:31
  mean, almost very clearly says that they sold the Bitcoin,
• 45:34
  right? Anyways, Frank Korva goes on and
• 45:39
  he goes, It would be helpful to see the address at which the DOJ
• 45:43
  and the United States Marshall Service is holding these
• 45:46
  Bitcoin, as it seems strange that the Bitcoin was sent to
• 45:49
  what analysis showed to be the Coinbase prime address soon
• 45:51
  after the DOJ signed an asset liquidation agreement with the
• 45:55
  Samurai devs. So again, from my perspective,
• 46:01
  it does look like a trust us bro moment.
• 46:05
  It looks like they got an update and they're like, hey, look,
• 46:12
  bro, trust us. We still got the Bitcoin bro.
• 46:17
  Like it's still with us. It's being added to the
• 46:20
  strategic Bitcoin reserve from a more hardcore Bitcoiner.
• 46:28
  It's like, OK, everything that kind of points to the direction
• 46:37
  that it's sold is kind of telling us they sold the
• 46:41
  Bitcoin. So it is a moment where we may
• 46:45
  have to just trust the federal institution, trust the United
• 46:52
  States Marshall Services trust Patrick, that OK, look, they got
• 46:56
  confirmation. They've been told they have the
• 46:59
  Bitcoin. We just kind of have to be like,
• 47:02
  OK, I guess we're trusting you on this, bro.
• 47:05
  Like all right, my kind of take away on this, or rather my, I
• 47:11
  guess my take on all of this is obviously I'm working on the
• 47:15
  same information as you are. I'm looking at this recent
• 47:19
  update seems very suspicious. You know, on the one hand, I
• 47:26
  guess from a nation state perspective, you do want to see
• 47:29
  the US take or rather hold all of the Bitcoin that they do
• 47:34
  confiscate. Obviously in that kind of take,
• 47:39
  it does bring up the larger question of is the most budget
• 47:44
  neutral way for the US government to acquire Bitcoin to
• 47:47
  just do asset forfeitures, which is what they've been doing,
• 47:51
  Which from an individual level doesn't really make me
• 47:54
  comfortable it. It kind of, it makes us look
• 47:56
  like we have targets on our backs for just being bitcoiners.
• 47:59
  From the let's take him at his word level.
• 48:04
  It does seem like the strategic Bitcoin reserve is something
• 48:07
  that they're very serious about. I did see another headline and
• 48:11
  let me see if I can pull it up real quick.
• 48:14
  I do have it in my notes somewhere and I I want to give
• 48:17
  you the exact headline, but it does seem like the US government
• 48:22
  is very serious on actually acquiring Bitcoin for the
• 48:25
  strategic Bitcoin Reserve, though again, as of this point,
• 48:30
  it's kind of like, all right, is this good?
• 48:34
  Do we want this to happen? Oh, here we go.
• 48:36
  It was actually deleted, but there was a clip going around.
• 48:40
  This is what happened. It was a clip going around from
• 48:44
  allegedly a White House official.
• 48:45
  I can't pull it up for you because the source that I had
• 48:48
  was deleted. So it could be fake news.
• 48:49
  It could be an old rehashed, you know how Twitter works, an old
• 48:52
  rehashed clip that is now being kind of touted as being new.
• 48:57
  But it said White House official just said buying Bitcoin is a
• 49:00
  top, top priority for the Trump administration.
• 49:02
  I think this might have been an old clip, which is why it got
• 49:05
  deleted and look, I, I agree with this.
• 49:09
  I, I, I'm totally on this trust is for suckers.
• 49:13
  I am a bitcoiner, you know, verify don't trust.
• 49:16
  Hence why I am so skeptical about this.
• 49:19
  This has nothing to do with my, you know, lack of trust in the
• 49:22
  institutions. It's really about where is the
• 49:27
  Bitcoin. I don't have to trust you
• 49:30
  because of we have on chain data.
• 49:33
  Just show us the address bro. Now of course there is concerns
• 49:37
  about that. I, I could totally see why
• 49:39
  that's happening, why they're kind of holding back on that
• 49:43
  information, but this is where we are.
• 49:46
  I, I don't want to be they, I'm just going to trust them and not
• 49:50
  verify, bro. But currently this is a need to
• 49:54
  verify don't trust moment. But as of now, all the
• 49:58
  information is essentially, hey, look, bro, we have this Bitcoin.
• 50:02
  It didn't get sold. You're going to have to trust us
• 50:05
  on this one. So again, two recent updates on
• 50:08
  stuff going on or actually the whole show is just some updates
• 50:11
  on where we are currently. But on that note, Coindad is in
• 50:14
  the house. So we are going to hit the
• 50:18
  transition and we will chat with Coindad after the break.
• 50:24
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  All right, guys, we are back in the Stew and we have coined dad
• 52:24
  live with us here. So super excited for this and
• 52:28
  he's got some show and tell for you guys.
• 52:30
  So hold on before before we go on our wait, wait, we got to
• 52:34
  hold on. Maybe maybe we start here
• 52:35
  because Nico's holding it. OK, let's go.
• 52:38
  Let's go here. All right, Nico, what?
• 52:41
  What is this Coindale? What do we got here?
• 52:43
  This right here is the Mona Lisa of mining.
• 52:45
  OK. When I have my Bitcoin discovery
• 52:47
  center running, this will be in the center, like with some
• 52:51
  lasers around it and some dry smoke coming out the bottom or
• 52:53
  something. I don't know something cool, but
• 52:55
  historically this is the first dedicated Bitcoin miner in the
• 52:58
  world. There's only 300 of them that
• 53:01
  were made from this batch and it took me 4 years to find this and
• 53:05
  I only know of five of them so far.
• 53:07
  And I got two out of the five and the other three people don't
• 53:11
  want to let theirs go. It's just it's kind of like
• 53:13
  having Steve Jobs. Out.
• 53:15
  OK, let's put it. Let's put it right here.
• 53:16
  Let's put it right here on the desk.
• 53:18
  You want to center. Yeah, yeah, we'll have the
• 53:20
  centerpiece here while we while we go through.
• 53:22
  No, let's put it down. That's or, or maybe that looks
• 53:25
  cool. Yeah, that, that might be a
• 53:27
  little big. Maybe like long ways.
• 53:28
  Maybe long ways like this, like. This it's a little too big.
• 53:33
  Let's just do it like. Because I got some other stuff
• 53:35
  here too. Is that too big?
• 53:37
  That is too big. All right.
• 53:38
  And never mind. Never mind.
• 53:39
  We'll just pull it off. It's badass.
• 53:41
  No, it's too much. It's too much.
• 53:42
  Here we go. Here we go.
• 53:43
  It. Blocks my boobs.
• 53:44
  Yeah, OK, here we go. All right.
• 53:48
  And then also guys, if you guys, Oh, wait, look, actually it's
• 53:51
  too big, dude. It's in my.
• 53:53
  Way all right. Yeah, you got to take it out.
• 53:54
  You got to take it out. OK.
• 53:56
  And then if you guys know that. Yeah, exactly.
• 53:58
  If you guys see the studio, this has also been donated by
• 54:04
  Coinedad. What is this exactly?
• 54:07
  What? What am I holding up here?
• 54:08
  Because. ASIC minor V2 that's got 110
• 54:12
  nanometer chips in it, so that is very old and it's was made by
• 54:16
  Fried Cat back in the day, who is somebody that actually
• 54:19
  disappeared with 140,000 Bitcoin in 2014 and nobody's heard from
• 54:24
  him since. Yeah, it's kind of crazy.
• 54:27
  OK, All right. What?
• 54:28
  What other goodies? You have a couple more goodies
• 54:30
  in here live. Yeah, so USB sticks back in the
• 54:34
  day. This is just kind of a fun fact,
• 54:37
  but this is 2013 era. This is from bit main and used
• 54:41
  to be able to plug this into a laptop and mine Bitcoin during
• 54:44
  the era of 50 Bitcoin blocks. And if you equate this to
• 54:50
  today's S 21 XP or like I'm 66 S from what's minor for example,
• 54:57
  is like 400 something Tera hash, you would need 1.2 million of
• 55:02
  these little things. Thank you Sir.
• 55:04
  Amazing 1.2 million of these. So that's the evolution of of
• 55:08
  ASIC chips in the last couple of years.
• 55:10
  Oh my goodness, this is back of my hands.
• 55:13
  You using this? What?
• 55:16
  So, yeah. So, so basically I had a few of
• 55:19
  these, these are Bitcoin logoed Zippo lighters that were custom
• 55:25
  made. And I posted it on eBay for
• 55:28
  sale. And I just did an auction.
• 55:30
  So I I didn't put a price on it, just, you know, let it do its
• 55:33
  own thing. And Nico's actually the one that
• 55:35
  won it. And I have no idea.
• 55:38
  OK, let's go. All right, Nico's pulling
• 55:40
  another goody here. What?
• 55:41
  What do we got here? What is this?
• 55:43
  What is this? So this.
• 55:44
  Is bit mains first machine. This is the S1 Ant miner.
• 55:48
  This is circa November 2013 and there was most of the ones come
• 55:54
  in yellow and green, but the when you find one with the red
• 55:56
  and black, that's like the earliest batches.
• 55:59
  And on Bitcoin Talk you used to be able to get these 30 at a
• 56:04
  time on auction. So like people are spending like
• 56:07
  5-6 Bitcoin for one of these back in the day and whoever wins
• 56:11
  the top 30 of the auction would get this miner right here.
• 56:14
  So that's how they initially started selling them.
• 56:16
  So it wasn't until like the S3 era that it was more
• 56:19
  commercialized coming out and you know, just selling large
• 56:21
  batches. So S1 and so you can.
• 56:24
  Literally only buy it through a Bitcoin talk forum auction.
• 56:27
  And then people were like nervous sending their money to
• 56:30
  China. Yeah, I wonder why.
• 56:32
  I wonder why? Oh, man.
• 56:34
  Amazing. Amazing.
• 56:36
  OK, is there is there more goodies or we we maxed out on
• 56:39
  goodies? Oh no, there's OK, we got more
• 56:41
  goodies in here. I'm getting nervous with this
• 56:43
  water around all this cool. Stuff.
• 56:44
  Yeah, yeah, pull it. Yeah, pull that over to the
• 56:46
  side. Excuse me, so this right here is
• 56:50
  before ASICS. This is called the FPGA and this
• 56:53
  was mining like 200 Bitcoin a day.
• 56:56
  Really. So this little thing took me
• 56:58
  several years to find. And the guy that made it made
• 57:02
  900 of them. And the crazy part is, is that
• 57:05
  he was, he showed me his transaction history like in and
• 57:09
  out of his wallet with a screenshot of what he was
• 57:13
  bringing in and out. And it was like 800 Bitcoin,
• 57:15
  1200 Bitcoin, 700 Bitcoin. Wait, that little thing.
• 57:19
  Like no, his transaction account with him selling them and stuff.
• 57:23
  But but the crazy part is, is that he got out in 2014 and he
• 57:26
  doesn't know any today. And he had like.
• 57:29
  Thousands. Of Bitcoin, so there's actually
• 57:31
  quite a few stories like that in the past where people were in it
• 57:34
  for, for the moment with the Wild West, but they, you know,
• 57:37
  weren't they, they weren't in it to stick to the long run with
• 57:40
  the, the, the, the foundation of the value of Bitcoin.
• 57:44
  So it was just a a money thing for some people.
• 57:46
  But well, well, it really, it really kind of, you know, a lot
• 57:49
  of people always say it's like, oh man, I really wish I found
• 57:52
  Bitcoin in like 2010 or something.
• 57:55
  And usually most Bitcoiners like, yeah, you probably
• 57:57
  wouldn't have held that Bitcoin or like this story, like you
• 57:59
  probably might have not even stayed in Bitcoin now.
• 58:02
  And it's really kind of points to the idea of just Bitcoin now
• 58:06
  is so derisk and it's like it's inevitable in most people's
• 58:10
  minds. But showing us this gear, it's
• 58:13
  like a lot of people were there in the beginning and they're
• 58:16
  nowhere to be found now. Some people did hold, but it is
• 58:18
  psychologically very, you know, very difficult unless you went
• 58:22
  to jail for a long time and got out.
• 58:24
  Force huddle. Force huddle.
• 58:26
  Or, you know, you get ready to sell your house and you find
• 58:29
  your own laptop of an attic. A decade later, while you're
• 58:31
  cleaning up, you're like, oh, let's see what's on here.
• 58:34
  Because in the early days, Bitcoin, some Bitcoin, didn't
• 58:36
  even have a price. Like I actually have a miner.
• 58:39
  That's the oldest one in my museum now.
• 58:41
  That is APC from roughly April 2010.
• 58:45
  Bitcoin didn't have a price. And the guy was playing a game
• 58:49
  called World of Warcraft and he was like using PayPal to buy
• 58:54
  weapons for the game with people in Asia.
• 58:56
  PayPal started screwing with him to where they cut his account or
• 59:00
  something. I don't know the details there,
• 59:01
  but somebody in Asia was like, well, why don't you mind Bitcoin
• 59:04
  and send us Bitcoin? He's like, what the heck is
• 59:06
  that? So he went on on a new egg and.
• 59:09
  He showed. Yeah, Yeah.
• 59:10
  He showed me his list of all the parts that he purchased to build
• 59:13
  this top of the line computer from that era and started mining
• 59:17
  like 800 Bitcoin a day or something like that in the early
• 59:21
  days. So he literally spent like 1200
• 59:24
  Bitcoin for a weapon on World of Warcraft because he was just
• 59:28
  gaming. There was no price to it so and
• 59:30
  to the and he didn't hold any from then.
• 59:32
  Wow, wow. I'm I'm guessing are you still
• 59:36
  in contact with some of these people?
• 59:37
  I am some of them do want to stay anonymous.
• 59:40
  Yeah, yeah. No, I was just going to say, do
• 59:41
  do they have like regrets? Are they like I should have held
• 59:45
  all of that one? Of one of them started crying
• 59:47
  because it's like he, he's kind of forgot over 10 years and he
• 59:51
  has a day job working for a nine to five.
• 59:55
  And it's kind of sad in a way to hear these stories.
• 59:58
  But then because I'm, I'm, I'm a historian, I kind of have to
• 1:00:02
  show proof of history POH instead of POW because I can't
• 1:00:05
  just take your word for it. You have to show some evidence
• 1:00:07
  that this is that you'd. What you're telling me is real.
• 1:00:10
  So he showed me that proof of of the screenshot from his account
• 1:00:13
  of all the stuff going through with the minor that he donated.
• 1:00:17
  And, and I know that it has to be a real story because he
• 1:00:20
  didn't want no money for the PC, He didn't want no recognition.
• 1:00:24
  He's just staying anonymous. So it's not like somebody is
• 1:00:26
  trying to take. Yeah, yeah, Get the glory or
• 1:00:28
  whatever. Right, Right.
• 1:00:29
  Interesting. All right, Well, I, I, I don't
• 1:00:32
  know if this is putting you too much on the spot here, but not
• 1:00:38
  only is this history, but it seems like you, you're like, I
• 1:00:42
  don't want to spill water on it. So I'm guessing it's a
• 1:00:44
  significant financial investment for you to get these products.
• 1:00:47
  Yes. Just to have them here, like,
• 1:00:50
  yeah, it takes a lot. And Nico bought to you,
• 1:00:55
  apparently. Shout out to Nico for supporting
• 1:00:57
  the museum. But yeah, over the years it's,
• 1:01:01
  it's been a lot of searching and communicating.
• 1:01:04
  A lot of the conferences help because OGS will come see my
• 1:01:07
  museum. Then they see everything and
• 1:01:09
  they're like, I got something you don't have.
• 1:01:10
  And then we connect and then we can, you know, and then we
• 1:01:13
  either come up with a Bitcoin price or U.S. dollar price.
• 1:01:16
  But some of them just don't care.
• 1:01:17
  And they're like, I love what you're doing.
• 1:01:19
  Here you go, you can have this. So it's the various different
• 1:01:22
  reasons why I got this collection so big now, but I'm
• 1:01:25
  up to 136 different Bitcoin mining machines.
• 1:01:30
  So I'm I'm roughly at maybe 80% of all the miners ever made in
• 1:01:33
  histories in my collection now. It's kind of almost.
• 1:01:36
  I would say it's impossible at this point to duplicate what
• 1:01:39
  I've created because I also have one for ones and prototypes and
• 1:01:43
  you cannot replace those. OK, So what?
• 1:01:47
  It's like a Pareto principle, but like what is stopping you
• 1:01:51
  from getting the other 20%? Is it you can't find them?
• 1:01:54
  Is it a financial thing? No, it's the fact that the
• 1:01:57
  community has to tell me about them because I don't know what
• 1:01:59
  I'm looking for. So if you see something on my
• 1:02:01
  website, if you have something that you don't see on my
• 1:02:04
  website, then I need it. That's the only thing I can do
• 1:02:07
  right now All. Right, perfect love to see it
• 1:02:09
  all right. Well, I do want to transition
• 1:02:11
  unless you want to add one more thing to this, but I do want to
• 1:02:14
  transition to your latest adventure and I here let me see
• 1:02:18
  what can you guys see this? We got the Bitcoin discovery
• 1:02:21
  center. It won't it won't see it over
• 1:02:23
  there, but you open a nonprofit and you have a physical
• 1:02:27
  location. So let let's talk about that.
• 1:02:30
  So when I go to these mining conference, like just proof of
• 1:02:33
  work on my part is like my Suburban, I bought a brand new
• 1:02:36
  three years ago and right now I just hit 104,000 miles on it.
• 1:02:41
  So that should tell you all you need to know.
• 1:02:44
  But I came down with my trailer to a conference and an I-95.
• 1:02:49
  I hit a big pothole and the leaf spring broke and miners fell off
• 1:02:53
  the shelves and I broke one of them and luckily it's one that I
• 1:02:57
  could replace. But that's what got my wheels
• 1:02:59
  rolling in my head about OK, it's time for a brick and
• 1:03:01
  mortar. It's time to preserve this
• 1:03:03
  history like nobody in the world has has got a collection this
• 1:03:06
  big. And if, if, if like we're
• 1:03:09
  dealing with supposedly here with the biggest thing since
• 1:03:11
  sliced bread, right, with the financial network, with Bitcoin
• 1:03:14
  around the world. But if we don't preserve the
• 1:03:18
  history, then how can we educate future generations about it?
• 1:03:21
  You know, Steve Jobs Apple computer from his garage, he
• 1:03:24
  only made like 200 of them. And what Nico brought over here
• 1:03:28
  earlier, that black one, that's the Avalon one, that's the
• 1:03:30
  world's first dedicated miner. So that's equivalent to like
• 1:03:33
  Steve Jobs, Apple computer from his garage, but for Bitcoin and
• 1:03:37
  these places that we, we need a home now.
• 1:03:39
  And I've, I've done all the legwork.
• 1:03:41
  I've done all the, I mean, nonprofit, 30,000 square foot
• 1:03:45
  facility 20 minutes away from Dallas airport, 110 parking
• 1:03:49
  spots outside. We want to do an Event Center
• 1:03:52
  out of it. It'll be a art gallery, my
• 1:03:55
  museum. Then Professor Kelly from New
• 1:03:58
  York, he's the first professor in the US that started a two
• 1:04:03
  year Bitcoin blockchain course where like 100 students just
• 1:04:06
  graduated after two years. And he's kind of got his hands
• 1:04:10
  tied up there in New York with a bureaucracy.
• 1:04:13
  So he's wanting, he's joining our team as the director of
• 1:04:16
  education and we're going to build a classroom for him in the
• 1:04:19
  back right corner. And I want to build
• 1:04:23
  relationships with the school systems, private or public, and
• 1:04:27
  see school buses coming through with high school kids.
• 1:04:29
  Where the hash story ends is what I call them.
• 1:04:32
  Not historians walk them through.
• 1:04:35
  I I even like the idea of maybe getting a Elon Musk Optimus
• 1:04:39
  Prime with like Satoshi's mask on his face and then he's the
• 1:04:43
  one educating. And he's just walking around.
• 1:04:45
  Yeah, 'cause he's so knowledgeable with AI and
• 1:04:47
  everything's in his head already.
• 1:04:48
  So I don't just, I'm, I'm human. I still forget stuff.
• 1:04:51
  So that would be pretty dope. But then we'll have a
• 1:04:54
  storefront. So when the regular public
• 1:04:56
  swings through there, I want to first show like a wall of the
• 1:04:59
  history of money and Jekyll Island in 1913 and you know how
• 1:05:04
  everything started and how it's a melting ice cube and then lead
• 1:05:07
  into the history of Bitcoin. Then you go in the classroom,
• 1:05:10
  get educated more with Q&A in there with the professor, and
• 1:05:14
  after 2-3 hours the students come out and they actually have
• 1:05:17
  like a real Bitcoin Discovery Center certificate for being
• 1:05:20
  orange peeled to take back home with them.
• 1:05:23
  And a part of all this is a shout out to James from ACS
• 1:05:26
  because he's the one that is giving us the facility to use
• 1:05:29
  this to do this. He's also part of the nonprofit
• 1:05:33
  as the director. And on the other side of the
• 1:05:35
  wall is a 100,000 square foot facility with 10s of thousands
• 1:05:39
  of miners being repaired, technicians all over the place,
• 1:05:43
  chip level repair, troubleshooting.
• 1:05:45
  They're building the bit axe touch in there from the ground
• 1:05:48
  up. So got a whole manufacturing
• 1:05:49
  line for bit axes and we're going to incorporate the
• 1:05:54
  education side along with him for doing internships and
• 1:05:58
  possibly even working on the first training program for like,
• 1:06:06
  you know, when you become a mechanic, you have to go to ASE
• 1:06:08
  certification and get certified to do something like that, but
• 1:06:11
  for the Bitcoin mining space. OK, awesome.
• 1:06:13
  Hold on. I think I need to pull this off
• 1:06:15
  because it's it's, I think it's focusing on, on, on this.
• 1:06:19
  Put your hand. Up there just towards the
• 1:06:21
  camera, like lean up front. Yeah, there we go.
• 1:06:24
  There we go. OK cool.
• 1:06:26
  Yeah, maybe. Nico, when you look at this.
• 1:06:30
  There we go. We're good.
• 1:06:30
  OK, Sorry. Sorry about that.
• 1:06:32
  I think it was focusing on all the goodies up there, but yeah,
• 1:06:34
  don't. Don't let me stop.
• 1:06:35
  You don't let me stop. Actually to clarify, people
• 1:06:38
  can't see this flyer here, but you did just mention it looks
• 1:06:42
  like it's already open. Is it open to the public?
• 1:06:45
  Not yet. You have the building inside I.
• 1:06:47
  Got the building, we got the nonprofit, I got the guts with
• 1:06:50
  all my miners to put in there. But where we're at now is where
• 1:06:53
  we need the community's help to, to build out the inside.
• 1:06:58
  So the whole like 10 foot walls and, and painting the place and
• 1:07:02
  new lights and the office space area.
• 1:07:05
  The classroom needs to be built like display boxes.
• 1:07:09
  There's like 75 to 80 different display boxes that we have to
• 1:07:13
  build to put some of these miners in to protect them.
• 1:07:16
  But I'm hoping that if we get the money in to finish the place
• 1:07:21
  that we can open up by the summer of this year and have an
• 1:07:24
  orange ribbon cutting ceremony. Adam Back officially endorsed
• 1:07:29
  us. Luke Dash Junior officially
• 1:07:31
  endorsed us. Charlie Shrem officially
• 1:07:34
  endorsed us. So they're on the the website as
• 1:07:37
  official endorsements. Waiting for a couple of more to
• 1:07:39
  respond, but yeah, I mean, it's time for Smithsonian, for the
• 1:07:45
  Bitcoin community. Love it.
• 1:07:46
  I love it. Smithsonian for the Bitcoin
• 1:07:49
  mining history here. But since you're here, Coindad,
• 1:07:53
  let's do a live call of action or call to action here.
• 1:07:58
  How can people help you out? How can people donate?
• 1:08:02
  You know, where are you currently?
• 1:08:03
  All that stuff like talk directly to the camera, directly
• 1:08:07
  to the people out there and and do the call to action.
• 1:08:12
  We need the audience's help. OK, well I'm on this tour right
• 1:08:16
  now doing several different podcasts for 10 days to help
• 1:08:20
  promote the Bitcoin Discovery Center in Dallas, TX.
• 1:08:23
  Actually, we've already received a $25,000 donation on the first
• 1:08:28
  day and today another $75,000. So we're at 100 grand.
• 1:08:32
  We need to get to $750,000 to help build the place out, but
• 1:08:36
  the goal is to get to 2,000,000 by the end of the year, at least
• 1:08:40
  to have the overhead because James has been gracious enough
• 1:08:44
  to give us a month's free while we're building this place.
• 1:08:47
  So I don't owe the rent, but the rent is $25,000 a month to stay
• 1:08:52
  in there. And that's doesn't include the
• 1:08:53
  staff salaries, the Internet bill, the electricity bill, and
• 1:08:57
  all that other good stuff. So I want to see this thing get
• 1:09:01
  up and running. Like I said, I've done all the
• 1:09:02
  legwork. It's just pretty much the
• 1:09:04
  hardest part. But from here on out, I need the
• 1:09:07
  community's help and you know, is the anybody like on the Jack
• 1:09:11
  Dorsey level or something is interested in contributing back
• 1:09:15
  to the community to preserve Bitcoin history?
• 1:09:17
  Then I do have naming rights right now.
• 1:09:20
  So anybody that contributes $50,000, what I'm doing is 2
• 1:09:24
  foot by two foot blocks cemented into the ground of the museum
• 1:09:27
  for the life of the museum by block height with your name or
• 1:09:30
  company logo. So that way anybody that walks
• 1:09:33
  in and out constantly will always see who helped build this
• 1:09:36
  place up from the early days. Then there's also larger stuff
• 1:09:41
  like quarter $1,000,000 on on the left side.
• 1:09:44
  I want to do like 100 inch TV screen monitors that are upright
• 1:09:48
  that are paying homage to the early Ogs.
• 1:09:51
  And it's the, I call it the the Pioneer wall.
• 1:09:54
  And it'll be in rotation to Hal Finney and Adam Back and early
• 1:09:58
  Ogs with their bio and what they contributed to the community.
• 1:10:01
  So that way people stay educated about the early pioneers.
• 1:10:04
  But in there we can throw in, you know, Marathon or Clean
• 1:10:07
  Spark or Riot or any popco that wants to get involved.
• 1:10:11
  And then, which I think is also great optics because we're
• 1:10:13
  neutral, We're not, we're not a shit coin.
• 1:10:16
  You know, we're not anything negative for you to promote.
• 1:10:20
  So it's a great optics for any of the shareholders and
• 1:10:23
  followers or whatever on you contributing back instead of
• 1:10:26
  giving your money to Uncle Sam. Love it, love it.
• 1:10:30
  OK, Coindad, How can people actually donate?
• 1:10:34
  We accept Bitcoin and U.S. dollars on Bitcoin.
• 1:10:37
  On bitcoindiscoverycenter.com, the buttons are live.
• 1:10:42
  Through Square, we're doing U.S. dollars, and through BTC Pay
• 1:10:46
  Server we're doing Bitcoin. Another thing that I want to be
• 1:10:49
  looking at and talking to the directors of the nonprofit with
• 1:10:52
  is that once we get this thing up and running, some of the
• 1:10:57
  funds coming in will be from events because it's also going
• 1:11:00
  to be an Event Center. So I'm doing like display cases
• 1:11:03
  that are movable. So if let's just say you go to a
• 1:11:08
  Bitcoin conference and you fall in love with another Bitcoiner
• 1:11:11
  and y'all want to have a Bitcoin theme wedding, you can rent my
• 1:11:14
  place out on a Saturday surrounded by the history of
• 1:11:16
  Bitcoin because I'm building a little stage there as well and
• 1:11:19
  it's going to hold fire Marshall hasn't obviously done the final
• 1:11:24
  count, but AI with the what we're putting in there should be
• 1:11:27
  able to fit around 400 people to do events.
• 1:11:30
  So any conference coming through Dallas, they can do side events
• 1:11:33
  for some whale cocktail party or Michael Saylor can do his
• 1:11:37
  quarterly C-Suite meetings in there privately or, or even one
• 1:11:42
  other big, big, big thing is Bitcoin is not something you can
• 1:11:46
  touch or see, right? So my museum's literally the
• 1:11:50
  only tangible part of the Bitcoin blockchain that you can
• 1:11:53
  physically touch and see. So I've seen many people on the
• 1:11:56
  fence about Bitcoin come to these conferences that I'm going
• 1:11:59
  to with my museum that see a chronological order of 1617
• 1:12:03
  years of history and they have a oh shit moment.
• 1:12:05
  Like, OK, that's undeniable. Now, this is not fake.
• 1:12:08
  This is real. Like, how do I just come up with
• 1:12:11
  16 years of history in your face if it's fake, you know, so
• 1:12:15
  having politicians come in to the center, we can do a
• 1:12:17
  politician training certification course for them or
• 1:12:20
  something or, and the schools and, and it's, it's going to be
• 1:12:23
  the world's first one-of-a-kind center.
• 1:12:26
  Love it man Amazing, amazing. So audience of Simply Bitcoin
• 1:12:31
  family over here, if you can support Coindad, definitely,
• 1:12:36
  definitely go to his website, bitcoindiscoverycenter.com.
• 1:12:41
  I mean, me touching this stuff like I've I've had AII used to
• 1:12:45
  touch pause. You had the S nines in here
• 1:12:49
  right back in the day. So I lifted those, but I've been
• 1:12:52
  to the museum at the conferences and and it's usually like don't
• 1:12:56
  touch the stuff. But man, they're so much heavier
• 1:12:58
  than I than I actually thought they were the S 9.
• 1:13:01
  I didn't feel this heavy. That that big ass thing you
• 1:13:03
  brought in, What was it? Again Alon 1.
• 1:13:05
  Yeah, that thing is massive. That thing is, imagine just
• 1:13:09
  having those all in your house, having to move them again or in
• 1:13:12
  whatever. That's why they're so scarce
• 1:13:15
  though, because when they got shipped from China broke, they
• 1:13:18
  broke and shipping some of them. And then when the price of
• 1:13:21
  Bitcoin went down in the early days in 2014 was like one of the
• 1:13:24
  first big major dumps. Then they were worthless.
• 1:13:27
  So a lot of people threw them away.
• 1:13:29
  But the story behind how I even got this is mind blowing.
• 1:13:33
  So a lot of Ogs in the space know that I'm looking for one
• 1:13:36
  for a while. And I kept, you know, harassing
• 1:13:38
  everybody basically. And then I'm in I'm I'm at the
• 1:13:42
  time I'm building my home with my wife.
• 1:13:44
  So I'm living in the RV like a one room little RV, like we're
• 1:13:47
  smelling each other's farts every day is like couldn't wait
• 1:13:50
  to get out of there. But anyway, I'm in there.
• 1:13:53
  We're we're we're in there and and, and it was April Fool's and
• 1:13:58
  I get a message on telegram. No profile, no photo, no
• 1:14:01
  nothing. Like it's a new telegram account
• 1:14:04
  saying, Hey, I got an Avalon 1 you interested and like
• 1:14:07
  bullshit. And I don't believe you.
• 1:14:09
  And and so it's April Fool's something.
• 1:14:12
  One of the Ogs is screwing with me.
• 1:14:14
  And then I told him, I'm like, if you're serious, I want you to
• 1:14:17
  put it on a chair and do a 360° video and send me the clip like
• 1:14:21
  in the next 30 minutes, 20 minutes later, freaking
• 1:14:23
  downloading. And I'm sitting there watching
• 1:14:25
  this guy walk around this freaking Avalon.
• 1:14:28
  And then I seen that he's real. So then I asked him like how did
• 1:14:30
  you even find it? He he is a vintage Apple
• 1:14:34
  computer guru that's like older than me that was in Sweden in a
• 1:14:38
  small town repairing stuff just for a hobby.
• 1:14:41
  And he'd go to yard sales looking for old vintage
• 1:14:43
  computers and ran across this for 10 bucks.
• 1:14:47
  Then he opened it at home and realized has nothing to do with
• 1:14:50
  freaking Apple computers and like what the hell is this crap?
• 1:14:52
  So he put, he put it away for like 5 years.
• 1:14:56
  Then he went back in that room five years later I guess to
• 1:14:58
  clean up or something and ran across it went on online and he
• 1:15:01
  put he figured out as a Bitcoin miner.
• 1:15:03
  So he put in 2 words Bitcoin museum because he knows it's
• 1:15:06
  old. My museum website pops up and
• 1:15:09
  the only way to get a hold of me on there says Telegram.
• 1:15:11
  He's like, what the hell is Telegram?
• 1:15:13
  So he downloads Telegram to tell me that one freaking message
• 1:15:16
  that he's got this thing and he didn't know shit about a
• 1:15:19
  Bitcoin. So I orange peeled him through
• 1:15:21
  Telegram over a four day period and I've realized that Sweden
• 1:15:26
  has Coinbase. So I got him to download
• 1:15:28
  Coinbase and then we agreed on a price four days later and I paid
• 1:15:31
  him in Bitcoin and sure enough, DHL showed up two weeks later
• 1:15:35
  with this thing at my house. Amazing amazing guy.
• 1:15:38
  Wasn't even a bitcoiner, just grabbed in.
• 1:15:40
  Amazing, amazing. It's.
• 1:15:43
  Crazy. That is, that is actually a
• 1:15:44
  crazy story That that is nuts. I have quite a few.
• 1:15:47
  Wow, you want to do one more? One more.
• 1:15:49
  And then we're going to do last CTA from Coindead.
• 1:15:52
  Last message to the audience. So throw one more crazy story
• 1:15:56
  about how this museum came about, and then we'll wrap up
• 1:15:59
  today's show. So the guy that made this right
• 1:16:03
  here, first of all, ironically, the other day I was in Naples
• 1:16:08
  and I was in a podcast with Natalie Brunel and Luke Dash,
• 1:16:12
  Junior and Doctor, Sean Baker and Maddie Ice and Madison.
• 1:16:18
  And we just had a powwow for 45 minutes.
• 1:16:21
  And I had this. And come to find out, Luke's
• 1:16:23
  sitting on the other side of the table from me.
• 1:16:25
  He's the one that wrote the software for this.
• 1:16:27
  And this is over 12 years ago. I.
• 1:16:29
  Mean it's like. What the freaking heck, man.
• 1:16:32
  And and the guy that made this though, he made 900 of them.
• 1:16:35
  So this is before ASICS, this is FPGA, it's called the quad
• 1:16:39
  miner. And each one of these is only
• 1:16:42
  250 mega hash. So all of it is just one Giga
• 1:16:45
  hash. And it's used to mine like 200
• 1:16:48
  Bitcoin a day. And I found the guy and finally
• 1:16:53
  got reached out to him and we spoke for a little bit.
• 1:16:56
  He let me interview him anonymously and he had two of
• 1:17:00
  them, one prototype and this one.
• 1:17:02
  And then we agreed on the price. But then I was a little puzzled,
• 1:17:05
  like why isn't OG this early asking me for Bitcoin for for
• 1:17:10
  the other one? And come to find out and he got
• 1:17:12
  out, he he didn't take it seriously and he's clocking in
• 1:17:16
  at a nine to five today, even though he was doing some major
• 1:17:20
  stuff with this back in the day, in and out of his account with a
• 1:17:23
  lot of Bitcoin. Wow lesson there guys, lesson
• 1:17:27
  there. Had to say the least.
• 1:17:29
  Wow. I mean in today's terms.
• 1:17:32
  Wait, hold it up one more time. This little thing mine no, the
• 1:17:37
  the the quad, that thing mined 4 or 200 Bitcoin a day.
• 1:17:41
  What would be the equivalent today?
• 1:17:45
  How many A6 would you have to have plugged in at one time to
• 1:17:50
  equivalent What that would do Bit axis?
• 1:17:55
  What? I don't even know what a bit ax.
• 1:17:58
  11 terror hash is what, 1000 giga hash?
• 1:18:03
  So you'd need a lot, right one. So you need 1000 of these for
• 1:18:08
  one little bit AX. That's crazy.
• 1:18:11
  And for these, you need 1.2 million of them to equal today's
• 1:18:14
  miner. Like you could fill up this
• 1:18:16
  entire studio stacked up with these little USB sticks to equal
• 1:18:20
  1 of today's minors. That's.
• 1:18:22
  Nuts. That's crazy.
• 1:18:24
  Gosh, yeah. What a trip.
• 1:18:26
  What a trip. Man, so the efficiency because
• 1:18:28
  of the chips like the Avalon that we just showed down there
• 1:18:31
  is 100 and 10110 nanometer and we're to well, that's the S1.
• 1:18:37
  The other one, the other big one that Nico had, but the oldest
• 1:18:41
  one actually yours back there has the chips of 130 nanometer.
• 1:18:46
  So that's there. There's we're in the studio,
• 1:18:50
  we're. Breaking that, we're breaking
• 1:18:52
  the studio right now here. Hold it up and and tell them.
• 1:18:54
  So the BE 100 chips are on here and they're made by a guy named
• 1:18:59
  Fried Cat and fried cat was kind of like a Vitalik Buterin from
• 1:19:04
  China. That was super smart and he
• 1:19:06
  designed the chip, but he was self mining and then he sold on
• 1:19:10
  Bitcoin talk. He was selling the hash from his
• 1:19:13
  mining site where he was mining with these before he went public
• 1:19:16
  with him. Excuse me.
• 1:19:17
  So Avalon one from Canaan has credibility for being the first
• 1:19:22
  to market, but this one is unofficially first, but it did
• 1:19:25
  not go to market. So this was just selling hash.
• 1:19:28
  So the BE 100 chips, I mean from 130 to today's where we're at 3
• 1:19:33
  nanometer. Now with the I think with the
• 1:19:36
  what's minor MMM 66 S server rack was like 470 Tera hash.
• 1:19:42
  Now it's like mind blowing the efficiency of how we have
• 1:19:45
  evolved in 12 years. So I mean, compare that to the
• 1:19:49
  brick and mortar banks, they still look the same.
• 1:19:52
  They're still the same building there for 12 freaking years, Air
• 1:19:55
  conditioning unit teller at the front, people pulling their
• 1:19:57
  stupid checkbooks out, which make me throw up my mouth when I
• 1:20:00
  see them now. But you got the maintenance guys
• 1:20:02
  washing the windows like the the energy it takes to run the
• 1:20:05
  53,000 branches around the United States of America is way
• 1:20:09
  more than what we're doing with Bitcoin mining energy.
• 1:20:13
  Absolutely, absolutely. All right, Coin Dad.
• 1:20:15
  To wrap up the show, let's do a final call to action.
• 1:20:20
  One last call to the audience to help out the Bitcoin Discovery
• 1:20:24
  Center being built in Dallas, TX.
• 1:20:28
  So again, look at the camera. Talk directly to the audience.
• 1:20:32
  Tell them how they can support you.
• 1:20:33
  Bitcoindiscoverycenter.com I don't care if you just
• 1:20:37
  sacrificed a Chick-fil-A meal today for 20 bucks.
• 1:20:39
  Anything helps. As soon as I'm done with this
• 1:20:42
  tour, I'm going home to kiss my wife 24 hours, wash my
• 1:20:45
  underwear, repack, and I'm taking my GC and my his best guy
• 1:20:50
  with him with me to drive all the way to Dallas.
• 1:20:53
  And that first $100,000 that we just got from Bryce.
• 1:20:57
  So shout out to OG Bryce from 2010.
• 1:20:59
  He's our senior advisor too for the for for the center.
• 1:21:04
  He's his money of initial contribution of 100 grand is
• 1:21:09
  already going to help with painting the place and starting
• 1:21:12
  to build some of these separation walls in this
• 1:21:14
  facility. So I'm going to be up on the
• 1:21:16
  ladder with my own paintbrush to go and show proof of work right
• 1:21:19
  away with this money as soon as this tour is done because I want
• 1:21:22
  to show the community that this is for real.
• 1:21:24
  I'm not posting no AI generated images of what it's going to
• 1:21:28
  look like because I want to show realness.
• 1:21:30
  Let's go. Well, Coindad, thanks so much
• 1:21:33
  for coming in, sharing the history with me.
• 1:21:35
  Let me hold these ASICS or rather these mining rigs, They
• 1:21:39
  were not, weren't even ASICS yet, but man.
• 1:21:42
  Thank you for. Having Good to have you, man,
• 1:21:44
  Good to have you. Appreciate you guys.
• 1:21:45
  Thank you, Nico. Let's go.
• 1:21:47
  All right guys. Well, there we go, another
• 1:21:50
  episode of Simply Bitcoin. It is the Monday show again,
• 1:21:54
  guys. Remember, it is Davos this week,
• 1:21:57
  so we are probably going to get a lot of news for you guys.
• 1:22:01
  We'll be kind of recapping a lot of the stuff that goes on at
• 1:22:04
  these events. We get some good clips.
• 1:22:06
  We're going to definitely show them to you guys.
• 1:22:08
  So also, again, like I said, maybe be prepared for some
• 1:22:12
  volatility today. But on that note, make sure you
• 1:22:14
  get outside, eat some good food, get some sun, call your mom and
• 1:22:18
  your dad, all that good stuff. I will see you tomorrow.
• 1:22:20
  Nikko will be back tomorrow. On that note, peace out guys.
• 1:22:25
  Today's episode was brought to you by bitcoinwell.com, a
• 1:22:28
  Bitcoin only platform on a mission to enable financial
• 1:22:31
  independence.