Latest / Simply Bitcoin / US Government Promotes Bitcoin's Number Go Up Technology | EP 900

Transcript

US Government Promotes Bitcoin's Number Go Up Technology | EP 900 · Simply Bitcoin

• 0:03
  It's all. Going to zero against Bitcoin.
• 0:07
  It's going up forever. You're against Bitcoin.
• 0:17
  You're against freedom. Yeah, welcome to another episode
• 0:22
  of Simply Bitcoin Live, your number one source for the
• 0:24
  peaceful Bitcoin Revolution group Breaking news culture.
• 0:26
  Matic Warfare we'll be your guide through.
• 0:28
  The separation of money and state and really interesting,
• 0:33
  the US government specifically was like a press conference for
• 0:36
  the DOJ saying the. Quiet part out loud.
• 0:40
  Literally admitting that. Literally admitting that the
• 0:45
  opti's texting me in the background like always in the
• 0:49
  very beginning of the show, the DOJ literally admitted that the
• 0:53
  price of Bitcoin is going up forever, Laura.
• 0:58
  And it's funny, like the way they say it because it was like
• 1:00
  basically I think it was like an own.
• 1:02
  It's like, and I think they were talking about pretty sure
• 1:05
  they're talking about the Silk Road.
• 1:06
  And they're like, when the price when this when when we seized
• 1:10
  this Bitcoin, the price was at this point and now the price is
• 1:14
  at this point. Like, it's a testament to the
• 1:17
  failure of the dollar as a currency.
• 1:19
  It's a testament to number go up technology.
• 1:23
  I I don't think they really thought it through, you know,
• 1:26
  because they're either just blindly aware, they're just
• 1:28
  blindly like unaware of what's happening.
• 1:31
  But it basically it's a promotion for Bitcoin like once
• 1:34
  again, and if you connect this with what's going on in terms of
• 1:39
  this week, there's a very big week everyone is expecting.
• 1:43
  Bloomberg analysts are putting 95% approval on this Bitcoin ETF
• 1:49
  that will make it officially part of the financial system.
• 1:53
  The price of Bitcoin right So. And there's all this pushback,
• 1:58
  either from the current administration, some senators.
• 2:01
  Elizabeth Warren's on a warpath. She's sending out letters.
• 2:04
  She's saying, hey, we can't accept this.
• 2:06
  Also, in other news we're gonna talk about during the news
• 2:09
  segment, there was another attack, like a propaganda
• 2:13
  attack. A news article came out by the
• 2:15
  news scientist. The title was Should nations try
• 2:20
  to ban Bitcoin because of its environmental impact?
• 2:25
  The author and the article absolutely massacred on Twitter
• 2:30
  to the point that the author literally deleted his Twitter
• 2:33
  account. The FOD isn't working anymore.
• 2:35
  The propaganda attacks are not working.
• 2:38
  We own the New York Times. We're owning every publication.
• 2:41
  It's like the Bitcoin immune system just attacks all these
• 2:45
  lies and misrepresentations to the point that they get exposed
• 2:50
  and because they don't have like because they don't own the
• 2:53
  medium, because this is narrative trench warfare on
• 2:57
  social media. It allows people to slap back,
• 3:00
  right? It allows people to at least
• 3:02
  point out a counter narrative and if that counter narrative
• 3:05
  happens to be true, you know, social media does its thing and
• 3:08
  more people engage with it, more people like it and then the
• 3:12
  ratio happens, right? So it it's just interesting how
• 3:16
  all of this is happening and it goes to something that we've
• 3:19
  been talking on with the show for many, many months, if not
• 3:23
  years, right, which is the Internet really started the
• 3:26
  great disintermediation. First it was information
• 3:30
  governments, powerful institutions, legacy media,
• 3:33
  corporations. They can no longer control the
• 3:36
  narrative if millions upon millions of people are allowed
• 3:39
  to talk amongst each other, right.
• 3:41
  Whether that's tweeting, whether that's making videos like what
• 3:43
  we're doing right now, it's very difficult to control the
• 3:46
  narrative. And then on the other side,
• 3:48
  which is the disintermediation of money, there's a bit of an
• 3:50
  overlap. And I think it's responsible for
• 3:52
  all this chaos that we're like living through.
• 3:54
  Some people call it the 4th turning, and governments are
• 3:57
  freaking out to that too. Institutions are freaking out.
• 4:00
  And you saw Jamie Dimon testify in front of Congress, basically
• 4:04
  crying and saying like, yeah, all government should ban
• 4:06
  Bitcoin, right? So yeah, this is this is some
• 4:09
  crazy times. So buckle up.
• 4:10
  Take self custody of your Bitcoin and it's gonna be a
• 4:13
  bumpy. It's gonna be a bumpy ride, but
• 4:15
  it's gonna be a good ride. It's gonna be a hell of a ride.
• 4:17
  Anyways, I do want to bring up my legendary Co host.
• 4:20
  He is always optimistic. I caught him with a smile on his
• 4:22
  face today, but he is underdressed.
• 4:25
  So Opti will not be joining us on the show today.
• 4:28
  And I'm gonna be doing the show only with torture.
• 4:31
  Torture is is a we did the news desk at Unconfiscatable.
• 4:37
  He was one of the guests and this guy's a tinkerer man.
• 4:42
  He is, he creates these awesome. I brought one home by the way.
• 4:45
  If I knew you were coming on the show, I want have it in my
• 4:47
  bedroom. He builds like all these like
• 4:50
  really cool, like Bitcoin devices.
• 4:52
  The one that I have is like this little, it's like a 3D printed
• 4:55
  thing. It has the price of Bitcoin
• 4:56
  inside, like a little price, little price thing.
• 4:59
  And it connects to your phone via Bluetooth.
• 5:01
  And it's really cool. And he wore this like suit,
• 5:04
  unconfiscatable with like the block hide the Bitcoin price.
• 5:07
  And it was all digital and like all that stuff.
• 5:10
  So this guy's the man. Really cool, awesome through and
• 5:13
  through bitcoiner, and we're super happy for him to be on the
• 5:16
  show today. How you doing man?
• 5:18
  Great. Yeah.
• 5:19
  No, it was great meeting you at Unconfiscatable.
• 5:21
  That was actually my first Bitcoin conference and it was an
• 5:23
  absolute blast. I just think if, you know, if
• 5:26
  there's people in the audience that haven't been to a Bitcoin
• 5:29
  conference like that, the smaller ones, man, there's so
• 5:32
  much culture there to connect to.
• 5:34
  So check those out. It was amazing. 100% I I I
• 5:38
  really be. I really, I really agree with
• 5:40
  that. Also, Opti seems to have dropped
• 5:42
  a poll in the chat. What will be the price?
• 5:44
  What will be the price of Bitcoin at simply Bitcoin's one
• 5:47
  thousandth episode? Oh, people are feeling, oh OK,
• 5:51
  23% say 100K plus 59% overall time high and 18% under all time
• 5:59
  highs. So the crowd is feeling bullish.
• 6:01
  There's already 62 votes, so put in your vote if you guys are
• 6:03
  watching us on YouTube. But if you guys are watching us
• 6:06
  on Twitter, shout out to the Twitter audience.
• 6:08
  Shout out to the rumble audience.
• 6:10
  And of course shout out to our podcast audience, which
• 6:12
  continues to grow. Shout out to all you guys and
• 6:15
  breaking news. It was discovered this morning
• 6:18
  that Optimus Field has also dated Janet Yellen.
• 6:22
  So, Opti, do you have any comments on that?
• 6:26
  I like to keep my love life and personal life as secret as
• 6:28
  possible, but thanks for breaking the news.
• 6:30
  Yeah, dude, So like let's talk about this for a second.
• 6:33
  So it's it's not only central bankers, you know the head of
• 6:37
  the IMF, now you have, it's been discovered that you have also
• 6:41
  dated Treasury secretaries. Yeah, I mean guys, my playbook
• 6:46
  is very simple. We know the Cantillon effect or
• 6:48
  is it Cantalon effect. I've I I still don't know how to
• 6:51
  pronounce it correctly. But I'm just trying to get close
• 6:54
  to the money printer. You know I'm out.
• 6:55
  I'm outside of the the the secret club.
• 6:57
  I'm outside of the the cool kids club that is the Federal Reserve
• 7:01
  and the politicians and you know I'm just trying to get some
• 7:05
  lobbying favor over here. You know I need to stack more
• 7:07
  SATS. It's still cheap.
• 7:09
  And hey, if Janet can get me closer to the money printer,
• 7:14
  it's all for the culture guys. It's for the culture.
• 7:17
  And you know, I think that there's a term like gold digger.
• 7:21
  I think Opti invented a term contilioner Digger cantion.
• 7:25
  Digger. Cantion Digger.
• 7:26
  Digger Yeah, yeah. I don't know.
• 7:29
  So anyways, guys, it's going to be you.
• 7:31
  Got to do what you got to do what you got to do to.
• 7:33
  Stack more stats? Yeah, Opti's doing it for the
• 7:35
  culture this is this is for the Bitcoin culture 100%.
• 7:39
  Hopefully he gets interviews one day, you know, against the the
• 7:43
  inside sauce of what's going on. Oh, I'll be getting the sauce
• 7:47
  for the show. This is a this is a family
• 7:51
  friendly show, Opti. I don't know what sauce he's
• 7:53
  talking about. I do like the Benihana sauce,
• 7:56
  the the white sauce. It's really good.
• 7:57
  I think they changed the ingredients though anyways.
• 7:59
  Guys, buckle up. We're going to start the show.
• 8:01
  Let's hit the numbers. Here we do it.
• 8:03
  Here we go. The Bitcoin numbers.
• 8:07
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  They're also crush proof, waterproof, non corrosive, and
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  allowing you to huddle your Bitcoin with Peace of Mind for
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  the long haul. Stamp your seed on stamp seed.
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• 9:27
  You do not want to store it on paper anyways.
• 9:30
  At the time of recording, the Bitcoin price is $46,800.
• 9:37
  SAT's per dollar 2137 Market cap $917 billion declined from all
• 9:46
  time high 32% days from all time high 789 Bitcoin versus gold
• 9:54
  market cap 6.76.76 percent supply percentage in Corporate
• 10:00
  Treasuries 10.02% Total lightning network capacity 5011
• 10:07
  Bitcoin block height 825,029. In the grand scheme of things, I
• 10:13
  still think we're very, very early.
• 10:15
  Once Bitcoin hits half $1,000,000 you're gonna be like
• 10:18
  wow, remember the price of Bitcoin was at 46,000.
• 10:21
  I think it will happen a lot sooner than we think.
• 10:24
  Anyways, in other news, this is what I wanted to talk about
• 10:26
  today. This is like, I mean this person
• 10:30
  Samit's bot I think absolutely nailed on the hit the nail on
• 10:34
  the head DOJ bragging about bitcoin's number go up
• 10:38
  technology. And again, I don't think that
• 10:40
  they're totally aware of what it is they're doing, cuz
• 10:44
  essentially they're bashing on the dollar.
• 10:47
  Like they're making fun of the dollar.
• 10:48
  Like that's what they're doing, right?
• 10:50
  Like because Bitcoin is money, right.
• 10:51
  And Bitcoin's better money. And what they're basically
• 10:54
  saying is that, like, yes, in dollar terms, this thing has
• 10:56
  gone up. But it, you know, that begs the
• 10:59
  question, like why has it gone up the way it has?
• 11:01
  Well, it's because it's what is it?
• 11:04
  It's Infinity divided by 21 million, right?
• 11:07
  I always switch the the two or 21 million to 5.
• 11:10
  No. But it's Infinity divided by 21
• 11:11
  million, right? There's an infinite amount of
• 11:13
  dollars. They continue to print more.
• 11:16
  You know, Satoshi pointed this out.
• 11:18
  It's literally in the genesis block, Chancellor on the 2nd
• 11:21
  brink of the second bailout for banks.
• 11:23
  Like it's all over Bitcoin, right?
• 11:25
  You know, and and the mythology and the ethos.
• 11:27
  So this is the biggest cell phone and ladies and gentlemen,
• 11:31
  and I'm going to cover this today, right by the day, more
• 11:34
  and more people. Oh, wow.
• 11:39
  All right, guys. Apparently he.
• 11:41
  Got dropped off. Oh, man.
• 11:45
  I guess he'll be back. I don't know what's going on.
• 11:48
  Interesting. Interesting.
• 11:49
  Guys live just absolutely wrecked.
• 11:53
  He should be back on in one second.
• 11:59
  Wow. Wow.
• 12:00
  I honestly didn't even see this clip.
• 12:02
  So there he is. There he is.
• 12:05
  Literally getting kicked out of restream when I'm about to bash
• 12:09
  on inflation. Is that a coincidence?
• 12:12
  I don't know. Who knows.
• 12:13
  But anyways, do you want to play the clip?
• 12:17
  And then I'm going. To connect the dots with, you
• 12:21
  know what? With what other people are
• 12:24
  saying, like specifically it was like Javier Mali that that
• 12:30
  Javier Malay. I always messed that up that is
• 12:32
  pointing out. And remember he this guy just
• 12:36
  got elected president. So let me show you this 'cause
• 12:39
  we always talk about the concept of the Overton Window, right?
• 12:42
  So I'm gonna translate the Post and 1st.
• 12:44
  It's Elon Musk, right? Elon Musk just acquired Twitter.
• 12:48
  They're attacking him. There's advertisers that are
• 12:50
  trying to, you know, attack his revenue, his his, his revenue
• 12:54
  model and all that stuff. And of course, we all know the
• 12:57
  Hayek meme, right? You know, they get, they get the
• 13:00
  really famous actress, you know, they put her instead of like the
• 13:04
  Economist, you know, 'cause like it gets gets people's attention
• 13:08
  more. And then of course, Elon Musk is
• 13:10
  known to be a memer. He's known to be a troll.
• 13:13
  And it says, I do not think it is an exaggeration to say
• 13:17
  history is largely a history of inflation.
• 13:19
  Usually inflation's engineered by governments for the gain of
• 13:22
  governments. And that statement is really
• 13:24
  deep, right? If you go back to the Roman
• 13:26
  times, like literally you could make a case, a very strong case
• 13:32
  that when the, I don't know if you call it a government or the
• 13:35
  Roman state started debasing the currency, things went downhill
• 13:41
  from here from there, right? So this is like a story as old
• 13:45
  as time. Like government, states, kings,
• 13:49
  if they've had the power to do so, they debase the currency,
• 13:54
  right? And the reason I'm I'm pointing
• 13:56
  this out, you guys all know this as bitcoiners is that this is
• 13:59
  not just anybody, right? This is Elon Musk now breaking
• 14:03
  that Bitcoin echo chamber and getting that message out into
• 14:07
  the mainstream consciousness. Basically telling them, hey
• 14:10
  guys, inflation is the problem now it's not only Elon Musk by
• 14:14
  the way. Now it's the president of a
• 14:17
  country retweeting Elon Musk and saying, you know, Elon Musk
• 14:22
  always on the side, you know, says the side, the sides of
• 14:25
  heaven. You know, maybe you guys, maybe
• 14:27
  a percentage of you guys don't believe in God and what not.
• 14:30
  So maybe respectful of all sides and what not.
• 14:33
  But as you can see, you know, Javier Mali agrees with Elon
• 14:37
  Musk. He's he's quote tweeting, and
• 14:39
  he's quote tweeting what Elon Musk has to say, right.
• 14:43
  So this is, ladies and gentlemen, what this is moving
• 14:46
  the Overton window. This is shifting the Overton
• 14:49
  window and more and more by the day.
• 14:52
  The amount of people that are waking up to the fact that the
• 14:56
  money is a scam the money is broken is more and more and and
• 15:02
  what happens when they wake up to that fact right.
• 15:05
  Because you could wake up to the fact wow inflation sucks you
• 15:08
  know whatever we tried gold, gold got Co opted gold isn't
• 15:12
  divisible. You can't transport gold over
• 15:14
  long over long distances. All roads lead to Bitcoin right?
• 15:19
  That's the reality. So anyways, I do want to play
• 15:23
  this clip from the DOJ Massive self own in my opinion.
• 15:27
  Let's check it out. Almost 120,000 Bitcoin, which at
• 15:32
  the time was worth approximately $71 million.
• 15:35
  Today, the value of that Bitcoin has grown to over $4.5 billion.
• 15:43
  Like, you know, like total serious face, like trying to
• 15:47
  make a point, you know that today the value of the Bitcoin,
• 15:50
  it's like, yeah, OK fine, maybe the value, quote, UN quote, the
• 15:54
  value of Bitcoin has has gone up, you know, in dollar terms.
• 15:59
  And this is exactly why you should price your life in
• 16:02
  Bitcoin. Because if you price your life
• 16:04
  in Bitcoin, everything gets cheaper, right?
• 16:07
  This is the awesome website priced in Bitcoin 21, and it
• 16:12
  compares it to everything. And as you can see, ladies and
• 16:15
  gentlemen, everything gets cheaper if except for Marathon.
• 16:20
  Marathon. But marathon is a leveraged,
• 16:23
  leveraged Bitcoin play. But as you can see, ladies and
• 16:27
  gentlemen, I'm talking about Marathon.
• 16:28
  The stock, by the way, which is a big public Bitcoin mining
• 16:31
  stock. But as you can see, ladies and
• 16:33
  gentlemen, life gets cheaper if you're living on a Bitcoin
• 16:37
  standard. Now let's talk about the couple,
• 16:39
  the five things that I think affects people the most, which
• 16:42
  is obviously the currency. So if you've been saving on a
• 16:45
  five year scale in Bitcoin, dollars have actually gotten 91%
• 16:50
  cheaper, Oil has gotten 87% cheaper, crude gold has got an
• 16:56
  85% cheaper. That's for you, Peter Schiff.
• 16:59
  S&P 500 has gotten 84% cheaper. And here, even with the prices
• 17:05
  of real estate in the United States of America doubling and
• 17:08
  tripling, housing has actually gotten 80% cheaper, right?
• 17:15
  So if you're living on a Bitcoin standard, life gets cheaper.
• 17:19
  So there's two phenomenons happening and I want to break
• 17:21
  down once again. You have once again the shifting
• 17:24
  of the Overton window. People waking up, mainstream
• 17:28
  people, presidents, the richest man in the world literally
• 17:31
  saying inflation is a scam, and of course, the giant self owned
• 17:36
  by the DOJ. They're not even aware of this,
• 17:39
  but it's basically pointing out that the dollar sucks, that the
• 17:42
  dollar has gone down in comparison to Bitcoin.
• 17:46
  Imagine 10 years from now people are gonna start asking the
• 17:49
  question, why am I earning in dollars?
• 17:51
  Why am I accepting dollars? This shit sucks compared to the
• 17:55
  sound money, right? And the only sound money that
• 17:57
  exists right now is Bitcoin. So anyways, I do want to get
• 18:01
  Torture's thoughts on this. You know, what are your what are
• 18:05
  your thoughts on the shifting of the of the Overton window?
• 18:07
  What are your thoughts on the Hayek meme, which was absolutely
• 18:11
  hilarious. You know, where's your head at?
• 18:15
  Yeah, well, I mean, I think it's just a matter of time until
• 18:17
  everybody's on a Bitcoin standard, right?
• 18:20
  I mean, that's what the number suggests, that's what.
• 18:22
  Yeah. I mean, history, you know, you
• 18:26
  can't know with 100% certainty, but I, I, I would put my full
• 18:29
  faith in Bitcoin over anything else right now.
• 18:31
  So I guess that's my take in, in terms of the Economist quote.
• 18:37
  I mean that's that's, it's funny, right?
• 18:40
  Just distractions, man. So. 100 percent, 100%.
• 18:44
  So Opti, what's your take on all this, brother?
• 18:47
  Well, first and foremost. Also, it seemed like one of.
• 18:49
  Opti's ex Girlfriends that, that.
• 18:51
  Hey, I could only help, you know, from Janet Yellet to Salma
• 18:54
  Hayek, that'd be that. That's a good I'm not talking
• 18:56
  about her. I'm talking about.
• 18:58
  Anyways, anyways, summer hike, The best Austrian economics of
• 19:01
  our generation shouts out to her.
• 19:03
  She really gets the problem. And I I just love that she's out
• 19:06
  there spreading the signal. Love to see it.
• 19:09
  But now, on a serious note, it's as much as people give Elon Musk
• 19:13
  slack, I just. I love seeing him get a part or
• 19:17
  be a part of the memoir out there and dropping solid memes.
• 19:21
  I know we do it constantly. All of us out there do it every
• 19:25
  single day on Twitter and just put our hat in the ring of the
• 19:29
  mimetic warfare. And the more people wake up to
• 19:32
  the real problems in the world, the quicker we can fix this
• 19:36
  stuff. Anyways, in that clip, I don't
• 19:39
  know about you, Nico, but all I heard was that the DOJ huddled
• 19:42
  Bitcoin and they're absolutely in profit.
• 19:44
  Like, what are they even talking about?
• 19:46
  Was that? I can't even tell.
• 19:47
  Was that supposed to be like a bad thing?
• 19:49
  They're like, yeah, you know, we bought or we we basically
• 19:53
  confiscated this Bitcoin. It was X amount of dollars and
• 19:56
  now it's in increased in value exponentially.
• 19:59
  It's like, I don't know, I don't know about you, but when I hear
• 20:01
  that Oh my man, I I should probably get some Bitcoin.
• 20:04
  Maybe it's going up forever. Laura, maybe there's something
• 20:07
  going on here that I cannot explain.
• 20:09
  And anyways, Niko, I was really hoping you'd show this clip,
• 20:13
  this picture here. I I I think we can't emphasize
• 20:17
  enough this visually here and it is the purchasing power or as
• 20:21
  you see here the rise and fall of the dollar since the Federal
• 20:24
  Reserve was created in 1913. Anyways guys, if you've never
• 20:28
  seen this, TLDR The value of the dollar has been absolutely
• 20:31
  decimated and this ended in 2019.
• 20:33
  It's only gotten worse since. Then Again, we say it all the
• 20:37
  time. You cannot save in dollars.
• 20:39
  This is why we're bitcoins in the 1st place.
• 20:41
  This is why we always say that you fix the money, you fix the
• 20:44
  world. Because everyone is on the
• 20:48
  dollar standard. And how are we supposed to
• 20:51
  improve society when the unit of account and the medium exchange
• 20:55
  and the thing we're supposed to store our value in is constantly
• 20:58
  debased, it's constantly degrading.
• 21:01
  As Eric Caisson always says, you know, dollars or Fiat money,
• 21:04
  paper money is a number go down technology.
• 21:07
  It literally in every in every case not just storing value, but
• 21:11
  on the degradation of society, it literally makes everything
• 21:15
  worse. And as someone that's been on
• 21:18
  the Bitcoin standard for a few years, as someone that's on the
• 21:20
  Bitcoin standard and seeing and I guess for lack of better term
• 21:24
  speculating on where the world is going to go on a Bitcoin
• 21:27
  standard, that's why the name is optimist field in the 1st place.
• 21:30
  Because it makes you more hopeful, makes you more
• 21:32
  optimistic. You can view the future and be
• 21:35
  like, yeah, life will get better on a Bitcoin standard because no
• 21:39
  longer will we be having a a leaky you know, no longer do we
• 21:43
  have to leak our value out by holding dollars and then
• 21:46
  constantly try to figure out ways to make it seem like you
• 21:50
  aren't losing value. I forget what the what the meme
• 21:54
  is but I I think sailor said it one time you know Bitcoin is the
• 21:57
  pristine way to store your value.
• 21:59
  It it, it's like dollars are like having a glass of water
• 22:04
  with a hole in it that slowly leaks out the water and you're
• 22:08
  supposed to hold that and store that through time and space.
• 22:10
  Bitcoin is a glass that doesn't have holes in it.
• 22:13
  Like it's so simple guys. It really don't complicate
• 22:17
  things. And as we're seeing right now,
• 22:19
  you know on the eve of potentially a spot Bitcoin ETF
• 22:23
  getting approved, we're going to see Wall Street and all of their
• 22:28
  ilk come into Bitcoin and you're already seeing that.
• 22:31
  They really don't understand what is going on.
• 22:34
  And it's just it's just so beautiful to see you.
• 22:36
  You're going to see more politicians come out against
• 22:38
  Bitcoin, you're going to see more talking heads embrace
• 22:41
  Bitcoin. And I really do think that by
• 22:43
  the end of this year, I know I did the poll right here where we
• 22:46
  were kind of trolling what the price would be.
• 22:48
  I really do think that this year we're going to see a a very
• 22:52
  solid slow grind upwards maybe we'll see you know like a a
• 22:57
  Omega candles everyone's saying on Twitter.
• 23:00
  But I think we are starting to enter a new era and it we're
• 23:04
  going to see more of these DOJ presses come out and they're
• 23:07
  probably going to roll out the same low hanging fruit examples
• 23:09
  that we constantly see rolled out.
• 23:11
  So just buckle up, guys, shouts out to the DOJ, though they they
• 23:15
  huddled, they hotted a lot of Bitcoin in there, and profit.
• 23:18
  Let's go. 100 percent, 100%, dude.
• 23:22
  So yeah, guys, it's really crazy.
• 23:25
  We just discovered another one of optis.
• 23:27
  Ex Girlfriends optis. Dating.
• 23:30
  Dating government? No, no, no Opti.
• 23:33
  It wasn't that one. Opti's dating government,
• 23:36
  bureaucrats, you know, central bankers everywhere.
• 23:40
  Remember guys, he's doing this for the culture.
• 23:43
  I do want to give a shout out to simply Bitcoin originals.
• 23:47
  Sponsor the Bitcoin way. Take charge of your financial
• 23:51
  future, guys. The Bitcoin way has your back in
• 23:55
  every which way. If you want to set up a Bitcoin
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  wallet, they got your back. If you want to set up a Bitcoin
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  They got your back. If you're an individual or
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  business and you want to integrate with Bitcoin, they got
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  think of. These guys have your back, so
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  check out the Bitcoin way. Take charge of your financial
• 24:38
  future, go to thebitcoinway.com and you can go from there.
• 24:43
  Also, guys, if you're enjoying the show right now, make sure to
• 24:45
  smash that like button on Twitter, on YouTube, on Rumble
• 24:49
  and I. Is there like buttons on the
• 24:51
  podcast? Leave a comment in the podcast.
• 24:53
  I think Spotify has that feature anyway.
• 24:56
  Really, really helps. Yeah, subscribe, follow the
• 24:58
  podcast. Really, really helps with the
• 25:00
  YouTube algo algos, the podcast algos, all of those algos.
• 25:04
  Really, really helps push the peaceful Bitcoin revolution
• 25:07
  forward. All right, everybody, let's hit
• 25:09
  the news. We have a lot to talk about
• 25:10
  today. Let's check it out.
• 25:14
  The Daily News. I want to give a shout out to
• 25:18
  our sponsor, Foundation Devices. It's self custody done right.
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  not your cheese, not your Bitcoin.
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  So you do wanna take self custody of your wallet.
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  It's air gap. There's a camera in the back to
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  scan the QR code. There's a little slot.
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  Highly recommend it, so check out our boys over at Foundation
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  Devices. Scan the QR code on your screen
• 26:52
  right now anyways. I do.
• 26:55
  I want to cover this today, cuz I think it's a testament of how
• 27:00
  much the FUD does not work, how much the legacy media attacks
• 27:05
  don't work in the age of social media.
• 27:10
  I really believe that this is like a second renaissance that
• 27:15
  we're heading into. Never has the common man had
• 27:20
  access to so much information at their fingertips.
• 27:24
  Never has the common man had had the ability to build their own
• 27:29
  platform, their own following, without credentialism, without
• 27:34
  going through the gatekeepers. They can circumvent the
• 27:37
  gatekeepers. If people like what they're
• 27:39
  saying, they could build a following, and I think it's
• 27:41
  short circuiting the system a little bit.
• 27:43
  You saw Tucker getting fired from legacy media, even though
• 27:47
  he was the most famous broadcaster.
• 27:49
  You've seen Russell Brand try to get censored in in the United
• 27:54
  Kingdom. You've seen Canada literally.
• 27:58
  Like if you go to if you go visit Instagram and Canada you
• 28:02
  like they will literally like black out certain media sources
• 28:07
  that literally says we can't show you this under the orders
• 28:09
  of the Canadian government. Like this is crazy, but it's
• 28:13
  because of what I'm talking about.
• 28:14
  Like the world is shifting. The Internet has empowered
• 28:17
  individuals so their ability to attack, their ability to control
• 28:21
  the narrative is greatly diminished.
• 28:24
  They can't do it the way they used to do it.
• 28:27
  So here's the New Scientist publication says Bitcoin
• 28:31
  currently consumes point 0.7% of all electricity generated
• 28:36
  worldwide. Developers seem unwilling to
• 28:40
  change how it works, but enforcing changes is far from
• 28:44
  easy. Like, what does that mean?
• 28:46
  Like, dude, you can fork it. Like you can fork it and you
• 28:50
  could, you know, make your own environment, quote, UN quote
• 28:54
  your definition of an environmentally friendly
• 28:57
  Bitcoin. And of course, you know, they
• 28:59
  get the Bitcoin art of which US bitcoiners think is absolutely
• 29:03
  awesome and badass. And at the bottom it said should
• 29:05
  nations try to ban Bitcoin because it because of its
• 29:08
  environmental impact and of course, absolutely effing
• 29:13
  ratioed. The comment section is just
• 29:15
  like, you know, please stop publishing this information
• 29:18
  about Bitcoin. At best you look foolish, at
• 29:20
  worst you look nefarious. Pierre Richard Very helpful
• 29:23
  contacts in the community. Note here goes on to say this is
• 29:26
  bad science, not new science, not how genuine inquiry works.
• 29:30
  And that's another thing, by the way, when people started
• 29:33
  ratioing this person and they started tagging him, he deleted
• 29:38
  his Twitter. So he's not even willing to
• 29:41
  like, you know, argue his perspective in the public
• 29:45
  square. Like, you know, like what the F
• 29:47
  dude. Like what do you mean?
• 29:48
  Why do you delete your Twitter bro?
• 29:50
  I thought you believed in what you stood for.
• 29:52
  Like, isn't the whole point. Like you're gonna put out this
• 29:55
  information you expect people not to, like, slap back, not to
• 29:57
  like, you know, I mean, YouTube not calling for violence.
• 30:00
  I mean, you do expect people not to counter your arguments,
• 30:04
  right? So like, you know what's going
• 30:05
  on there, dude, Like, what's going on?
• 30:07
  I don't understand what's going on.
• 30:09
  Anyways. Crypto mags, incredible work
• 30:12
  she's done for Bitcoin. She used to be part of coin
• 30:15
  kite. We've had her on the show
• 30:17
  before. She's extremely brilliant, and
• 30:20
  she literally came up with the thread that says the Bitcoin
• 30:23
  mining water critics are not doing the math right when it
• 30:26
  comes to water used for three reasons, it goes on to say.
• 30:29
  In effect, the critics assume the following identify the
• 30:32
  electric grid mix for for each mining jurisdiction, apply the
• 30:36
  water impact of each energy source.
• 30:39
  Apply proportionally to how much electricity Bitcoin consumes,
• 30:43
  estimated per TX water use. Let's examine why their
• 30:48
  exemptions are problematic direct versus indirect water
• 30:51
  use. The biggest issue is they assume
• 30:54
  direct water use by minors when it's indirect.
• 30:57
  This is an important distinction, so let's explore in
• 31:00
  analogs. When we look at carbon, we
• 31:02
  estimate direct scoop one and indirect scoop 2 and emissions.
• 31:07
  Steel, cement pulpit mills report direct carbon emissions
• 31:10
  under cap and trade. The electricity generator does
• 31:14
  too, so there's no double counting.
• 31:16
  But mining critics attribute power emissions to miners.
• 31:19
  Goes on to say it's the same with direct or indirect water
• 31:23
  use. Think farms, pulp mines, textile
• 31:26
  mills using water directly versus power plants to make
• 31:29
  electricity they use A miner with direct water would use
• 31:33
  would employ evaporate cooling. Hydro cooling direct is what the
• 31:37
  critics should estimate. The water used from a power
• 31:39
  plant powering miners is not the same as the water used directly
• 31:43
  at a mining facility in the same way that the water used by
• 31:46
  Nestle Water Nestle bottle plant is not the same indirect water
• 31:51
  impact from Nestle's electric consumption, not apple to apple.
• 31:56
  So I mean, I think that explains it and I think that they've had
• 31:59
  a history of not comparing, of like throwing out these crazy
• 32:03
  comparisons because it makes it look really bad.
• 32:06
  Another really famous one is like Bitcoin uses more country,
• 32:11
  I'm sorry, more electricity in the country of Denmark.
• 32:14
  Like, we've all heard that one a million times and you think
• 32:16
  about that, you're like, wow, that is crazy.
• 32:18
  That's absolutely nuts. I remember I brought on Foss for
• 32:22
  IRL and I told that to him and he was like shut down Denmark
• 32:25
  then. That was so funny.
• 32:26
  Opti already had we already had the hashtag from long ago
• 32:29
  unplugged Denmark? No, don't do that.
• 32:31
  It's a joke. But no.
• 32:33
  So he and again, what what what Mags was saying is true, that's
• 32:37
  not a fair comparison because Bitcoin uses stranded energy.
• 32:42
  Bitcoin uses isolated energy. Bitcoin uses energy that was
• 32:46
  already going to waste, if it wasn't already going to waste if
• 32:50
  it wasn't stranded. Therefore it wouldn't be
• 32:53
  profitable to mine using that energy.
• 32:57
  Basic supply and demand. But they don't talk about that.
• 33:00
  It's not discussed, it's not put into the equation and the reason
• 33:04
  it's not put into the equation just like that article, just
• 33:07
  like what Mags was talking about in terms of the water use right,
• 33:10
  is because it doesn't fit the narrative.
• 33:13
  And at the end of the day what this is, it's a narrative, it's
• 33:17
  an anti Bitcoin narrative, it's a propaganda attack.
• 33:21
  It's meant to hurt bitcoins reputation, nothing more,
• 33:25
  nothing less. That is literally the purpose of
• 33:28
  these articles. That's what they're meant to do.
• 33:30
  And what they're trying to like, kind of like struggle with and
• 33:34
  trying to angle is that they're hoping that government
• 33:37
  regulation comes in and forces Bitcoin to, quote, UN quote,
• 33:42
  change the code, right. They can fork it all they want.
• 33:46
  They can get consensus, they can get people to follow them and
• 33:50
  follow those rules. But that's not what they're
• 33:53
  saying. That's not what they're saying.
• 33:55
  No, no. They want the government to step
• 33:57
  in and to force everyone to run a different software.
• 34:00
  Well, I'll tell you what, I'm not running that code on my
• 34:03
  node. That's why it's so important to
• 34:06
  run your own node. If you're not running your own
• 34:07
  node, you don't get that vote right?
• 34:11
  So anyways, that's my stance on this.
• 34:13
  Another attack failed. Opti.
• 34:15
  They're not working as much anymore.
• 34:18
  Every single one. They try one of these out.
• 34:21
  It's like diminishing returns. It's less effective and they get
• 34:25
  beat up harder and harder and harder every time they try.
• 34:29
  It's really, really glorious to see.
• 34:31
  I think the New York Times is scared of Twitter at this point.
• 34:34
  I don't think they're even willing to put something Bitcoin
• 34:36
  related on Twitter, cuz they're just gonna get eaten alive every
• 34:39
  single time. So what's your take on this,
• 34:41
  brother? Yeah well I've been saying for a
• 34:44
  while that the and and you guys corrected me in the right
• 34:48
  phrasing of this that the control of the flow of
• 34:51
  information is crumbling. We remember the article by naive
• 34:55
  Bukele. I'm I'm don't don't drink the
• 34:58
  laid. We we've laid this out all of
• 35:00
  last year and we know exactly what the game is and so shouts
• 35:04
  out to all of you guys in the trenches that are fact checking
• 35:07
  the corporate press and these quote UN quote journalists on
• 35:10
  Twitter. Because as you can see, the
• 35:13
  community notes is really like the bane of their existence
• 35:16
  right now. And it's absolutely hilarious
• 35:18
  that they can't take the heat of Twitter trolls.
• 35:21
  Like I, I, I have a little story of my friend and he was, he was
• 35:24
  basically like trolling his dad the same way that we troll each
• 35:27
  other on Twitter and it was just completely going over his head.
• 35:31
  He just, he didn't even understand what was going on.
• 35:34
  And I think this is what's going on in the corporate press world.
• 35:38
  Like they are not prepared to take the heat of Twitter trolls.
• 35:42
  Like, they don't understand how the Internet works because
• 35:45
  they're so used to basically pontificating from their ivory
• 35:48
  towers that when they have normal people just going so hard
• 35:53
  on them because they are essentially lying as far as I'm
• 35:57
  concerned. They they delete their Twitter
• 35:59
  accounts like like this. This is like this is like basic
• 36:04
  internetting right now and they can't even take the heat on
• 36:08
  Twitter. And they the only thing they can
• 36:10
  think of is like, oh, let me just delete my Twitter account
• 36:13
  and retreat and it's like, no, you're like, if you are saying
• 36:17
  the truth, stand in the heat of the storm and battle your ideas.
• 36:22
  Twitter is the battleground of ideas and it's just it's
• 36:24
  hilarious how they can't back up their ideas.
• 36:26
  But as we're saying, and we've been covering this for a while,
• 36:29
  it does seem like the Bitcoin FUD is no longer working, 'cause
• 36:33
  I remember it used to be we're gonna boil all the oceans.
• 36:36
  Oh, Bitcoin miners are gonna boil the oceans.
• 36:38
  And now it's shifted to, oh, we're polluting too much water.
• 36:42
  You're just you. You can just see in real time
• 36:44
  that they're trying to figure out something that the average
• 36:47
  person can connect to emotionally and just try to
• 36:51
  create outrage. And as bitcoiners constantly
• 36:55
  show, as Bitcoin miners constantly show, Bitcoin mining
• 36:58
  is not the problem here. As everyone's saying in the
• 37:01
  chat, like what? What about the the water
• 37:04
  pollution from Fiat money from gold extraction?
• 37:07
  Like, we never talk about this stuff.
• 37:09
  It's really, as you know, going back to Hayek in the numbers,
• 37:12
  the unseen. Actually, maybe that's Bastiat,
• 37:14
  the the unseen consequences of the economy and the world we
• 37:18
  live in. As long as you're able to skirt
• 37:20
  this under the rug, no one talks about it.
• 37:22
  But when you put Bitcoin in the limelight, it sounds so bad.
• 37:26
  But when you compare it to what the status quo is, it's like, Oh
• 37:30
  yeah, Bitcoin is not the problem here.
• 37:32
  Like it's it's Fiat. It's, you know, everything else
• 37:36
  in the world like Bitcoin is tiny.
• 37:38
  I forget what the numbers are, but what what are we?
• 37:40
  Nika like .1% of global transaction, maybe 1% of the
• 37:46
  global economy. Like Bitcoin is so tiny.
• 37:49
  And this just goes to show how afraid they are a Bitcoin is.
• 37:52
  When they roll out Bitcoin as like this thing that's going to
• 37:56
  destroy the world, obviously it's all narrative trench
• 37:59
  warfare. It's all about framing, and it's
• 38:01
  really about just getting a sound clip in people's minds.
• 38:04
  It's. It's the name Bukele article.
• 38:07
  It's it's like don't like, you know, they control the truth.
• 38:09
  They can. Their most important weapon is
• 38:11
  their controlling the truth and the narrative, and that's what
• 38:13
  it's about. And then the Internet's just
• 38:15
  like breaking that. And then like, you see them
• 38:17
  short circuit, 'cause they they've it's it's what you said,
• 38:20
  Opti, like that was such a great line.
• 38:22
  It's like they're so used to being in this ivory tower where
• 38:25
  they can just scream out with the megaphone like, oh, there's
• 38:28
  nothing back. And then all of a sudden people
• 38:30
  figured out they can throw tomatoes up there and they're
• 38:33
  like, no, like, what do you mean you're?
• 38:34
  Throwing tomatoes at me, you know.
• 38:36
  So anyways, torture. Torture.
• 38:40
  Like I keep saying, torturer. But you're not a torturer.
• 38:43
  You're torture. Torture.
• 38:45
  I said it right, right. Torture.
• 38:47
  OK, torture. What are your thoughts on this,
• 38:48
  brother? I think that Bitcoin is the best
• 38:51
  thing that's ever happened to energy.
• 38:53
  You know, there's so much what what Bitcoin is going to do is
• 38:56
  it's going to drive cheap electricity so much so, so
• 39:00
  competitively that if if perpetual motion actually would
• 39:04
  would be possible and we could break physics, Bitcoin will get
• 39:06
  credit for that because it's driving that much
• 39:09
  competitiveness to energy. And so the world is going to get
• 39:12
  access to that energy at a far, far cheaper rate, which is
• 39:14
  better for everyone. So how can we debate that?
• 39:18
  100% it's it's better for everyone.
• 39:21
  I completely agree. Because all of a sudden you have
• 39:25
  you like for example. The quote UN quote.
• 39:28
  Renewables, which, you know, it's so about like the renewable
• 39:30
  that isn't like really viable without subsidy.
• 39:34
  All of a sudden Bitcoin makes that viable, right?
• 39:37
  They don't talk about that, right.
• 39:39
  Not to mention the energy innovation that's going to be
• 39:41
  coming. Not to mention the fact that for
• 39:44
  the first time in human history, if you have, you know, if you
• 39:48
  have the stranded energy in the middle of nowhere because people
• 39:51
  don't understand this. And I think it was like Michael
• 39:52
  Saylor that first explained this and it was like such a great
• 39:54
  explanation. You can't transport electricity
• 39:58
  over large distances without losing a percentage of it.
• 40:02
  You can't store it effectively. So you have to use it really.
• 40:07
  Right. Then and there, right.
• 40:09
  Bitcoin kind of offers as this like buyer of last resort.
• 40:14
  And what that does is it allows grid operators to really plan
• 40:17
  for the future because they know that there will always be these
• 40:21
  hungry, hungry Bitcoin miners that are like, you know what, if
• 40:24
  you don't want it, we'll take it.
• 40:26
  So yeah, you know, an innovation grid stabilization, you know the
• 40:32
  quote UN quote sustainable energy without the necessity of
• 40:37
  of government subsidy. There's so many things that
• 40:39
  Bitcoin offers to the energy industry that I think we're just
• 40:44
  at the very tip of the iceberg of what Bitcoin can offer and
• 40:48
  how Bitcoin is gonna change the world.
• 40:49
  So it's extremely, extremely exciting.
• 40:51
  Not only is Bitcoin better money, you know, Bitcoin could
• 40:55
  actually help humanity in the energy sense as well, and it's
• 40:58
  absolutely beautiful. Anyways, Larry Fink said so.
• 41:00
  Also Nico. If Larry if Larry Fink says.
• 41:03
  It it's, it's. Accepted, by the way.
• 41:05
  Speaking of Larry Fink. Guys, did you see before I get
• 41:07
  to the ad, did you see, Did you see?
• 41:11
  Did you see that the BlackRock is firing their ESG?
• 41:16
  Yeah, they've been rolling it down for a minute.
• 41:18
  They're like firing their ESG division and like they're
• 41:21
  embracing Bitcoin. On the verge of a Bitcoin ETF,
• 41:24
  It's like, yeah, like what? What's the saying?
• 41:26
  It's like black. Like BlackRock isn't gonna fix
• 41:29
  Bitcoin, it's gonna be Bitcoin that fixes BlackRock.
• 41:33
  So anyways, it's glorious to see guys.
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  All right, everybody, let's hit the culture.
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• 42:54
  Let's go. All right, so torture before we
• 42:56
  get into everything you're creating.
• 43:00
  I usually ask people the rabbit hole story, but I'm not going to
• 43:04
  do that. I want to ask you your rabbit
• 43:06
  hole story on how you became a Bitcoin tinkerer.
• 43:11
  Oh well, I guess I have to give credit to that to seed signer
• 43:16
  because you know here's a guy on Twitter that creates his own
• 43:19
  signing device and you could tell that it was built you know
• 43:24
  in like with with common parts and it just kind of convinced me
• 43:29
  that you know if if some, if some other, you know, random guy
• 43:32
  can do stuff like I can too, right.
• 43:35
  It obviously helped that I had a background in programming but I
• 43:38
  had never really done you know board level stuff.
• 43:40
  But I guess that was kind of where the the motivation came
• 43:43
  from, was seeing him come out with the seed signer.
• 43:46
  Love it, love it, yeah, shouts out the Seed Signer project, one
• 43:49
  of the one of the one of the greats in in the Bitcoin
• 43:51
  community that came out of the bear market.
• 43:52
  All right, all right, let's get over here.
• 43:54
  All right, torture. What am I looking at over here
• 43:57
  on Geyser? What?
• 43:58
  What are you working on? Maybe you can also demo some of
• 44:02
  the stuff you have there. I know you have some of the some
• 44:05
  of your creations with you, so let's just start with the geyser
• 44:08
  and then you can show off some of the stuff you've been
• 44:10
  building. Sure.
• 44:11
  Yeah. So I mean huge shout out to
• 44:14
  Geyser too because when this is the first project that I came
• 44:17
  out with the the smallest, you know, hobby Bitcoin ATM you can.
• 44:21
  And and right now this is actually in like I've I've sold
• 44:25
  like roughly 35 of them, but it's in about I don't know 18
• 44:28
  different countries, which I thought was really, really cool
• 44:31
  because they're selling like almost on a decentralized way
• 44:34
  around the globe. And so I've had to support all
• 44:37
  these different currencies for these And so people have shipped
• 44:41
  me, you know some of the coins from their local currency and
• 44:43
  then I configured the ATMs for them.
• 44:45
  But this was my first project and it wasn't it wasn't really
• 44:48
  meant to sell even. I just wanted it for myself.
• 44:51
  I wanted to understand the tech behind making a Lightning ATM
• 44:55
  and I set out to do it and then I, you know, created the 3D
• 45:00
  model and and got it done. And because I'm a perfectionist,
• 45:02
  by the time it was actually done, I went, this thing's
• 45:04
  actually really cool and I like showing this off and you know,
• 45:08
  people that were interacting with it, it was, it was like
• 45:10
  this is actually kind of an orange pill tool.
• 45:11
  Like I have family friends over. They're putting in quarters,
• 45:14
  Dimes, nickels and and redeeming lightning while I'm sitting
• 45:17
  there with them. I was like, you know, the world
• 45:19
  might actually be interested in this.
• 45:20
  So I'll I'll launch it. It's all open source as well.
• 45:24
  So you scroll you know Scroll down there's a GitHub link and
• 45:26
  you can go to that and you can build your own for free.
• 45:30
  You know you just have to get the the parts and then use the
• 45:32
  models to to 3D print the the case but that's kind of where I
• 45:37
  started is I just I just thought it was cool and and then so that
• 45:41
  was my first product and and this this will I'll be launching
• 45:44
  this one soon so this. Is.
• 45:46
  Oh wait, hold on, Let's put it full screen.
• 45:48
  So this is like going to be the version 2 model.
• 45:51
  This one will require a power adapter because the light is
• 45:55
  pretty ridiculous. I.
• 45:56
  Promise it in person, it's way more awesome than on the camera,
• 46:02
  but that one will require the power adapter just because the
• 46:04
  LE DS actually do draw a decent amount of energy.
• 46:08
  So that's kind of where I started those those aren't quite
• 46:10
  available yet, I'm still just finishing them, but the these
• 46:14
  ones are. Most people go with the multi
• 46:16
  ATM because it accepts multiple coins, the single coin ATMs. I
• 46:21
  honestly thought people would go nuts over the LED light and a
• 46:24
  few people did buy it but most people are about the
• 46:26
  functionality. So so that's kind of where I
• 46:29
  started and that's my my geyser story is that I I was planning
• 46:34
  to launch on Kickstarter and then I was in a Bitcoin space on
• 46:37
  Twitter and people said, well what about Geyser?
• 46:40
  And I didn't know about Geyser. This is back in March, and so I
• 46:43
  checked out Geyser and I'm like, oh, this is awesome, OK, it's
• 46:46
  it's it's Kickstarter for Bitcoin.
• 46:48
  And so I I actually created the campaigns on both thinking, OK,
• 46:52
  I'll launch on both platforms and I so I launched.
• 46:57
  I tried to launch on Kickstarter while I got denied.
• 47:00
  No way, dude. Are you serious?
• 47:02
  Which then shows the need for something like geyser.
• 47:05
  So that's why I really hear that.
• 47:07
  What were the reason? What were the reason?
• 47:09
  It was denied because it's a financial instrument of volatile
• 47:12
  price action. Amazing.
• 47:14
  So but it's. Like all right bro.
• 47:16
  F you. I'll go to geyser then like.
• 47:19
  Oh, so that, you know, huge shout out to Geyser and that's
• 47:22
  how I really got in touch with Mick and, you know, did some.
• 47:26
  The dollar's a financial instrument with volatile Like,
• 47:29
  what about Fiat currencies, bro? Like, So what?
• 47:32
  So like a handful of Fiat currencies don't apply to that,
• 47:35
  but like. That's such sorry I I get upset,
• 47:39
  'cause it's it's such double standards like obviously it.
• 47:42
  Is it is and so but then I got in touch with Mick and and did a
• 47:48
  couple of interviews with him publicly on on Twitter as well
• 47:52
  just kind of highlighting that that product and then we got to
• 47:55
  talking and now you know and now I'm actually working at Geyser
• 47:57
  full time so it's it's you know and and being a part of the
• 48:01
  Bitcoin community and interacting with people at
• 48:03
  conferences, I've never felt more at home with a group of
• 48:05
  people. You know we're we're about
• 48:08
  truth, honesty trust and I've met such amazing people along
• 48:12
  the way. So yeah so just huge shout out
• 48:15
  to everybody like in this community it's it's awesome
• 48:17
  interacting with all of you. So I'll show off a couple more
• 48:21
  things and I'll be quick 'cause I I know we.
• 48:22
  Probably we actually told you we got some time we.
• 48:25
  Got time, brother? Yeah.
• 48:26
  Before you move on, if you don't mind me asking, how exactly does
• 48:29
  the ATM work? You like obviously use the QR
• 48:32
  code, but like do you have you have to send your money
• 48:35
  somewhere right? Like 'cause it's if you put
• 48:38
  coins in there, like how? How does that work?
• 48:41
  I I still don't get the how that works.
• 48:43
  Maybe you don't have to expose everything but.
• 48:45
  Oh, no. It's all open source, so I can
• 48:47
  expose it. OK, yeah.
• 48:49
  So actually, you know, this is a shout out to Ben Ark now with
• 48:52
  Ellen bits, because he created the ability to do ATMs
• 48:56
  essentially offline. And so this is using Lane.
• 49:00
  Oh cool dude. Oh my God.
• 49:01
  Well. It doesn't even require an
• 49:03
  Internet connection. I mean, you can carry this thing
• 49:05
  in your backpack, flip it on orange peel, people on the go.
• 49:08
  And so it uses his Ellen Bits wallet, which is custodial.
• 49:13
  So when I do sell these, I always recommend people, you
• 49:15
  know, don't load this thing up with a ton of Bitcoin, put $510
• 49:18
  on it, you know, it's an orange peeling tool.
• 49:21
  It's fun to have around, It's fun to play with, It's fun to
• 49:23
  show your friends and family. But this is not a wallet to be
• 49:26
  throwing a ton of Bitcoin on, right?
• 49:28
  It's it's it's to showcase functionality and and inspire
• 49:33
  some more innovation. So yeah so that's that's that's
• 49:36
  how it works is it? You generate a key on Ellen bits
• 49:40
  for the ATM, you put it into the Arduino code that I've open
• 49:43
  sourced uploaded to the microcontroller and from there
• 49:46
  it's ready to go. Then then you just have to see
• 49:49
  the Ellen Bits wallet with some sats and then it's ready.
• 49:53
  To go. Oh, OK, OK.
• 49:54
  I get it. OK, that makes sense.
• 49:56
  I was like, wait, like you shipped the dollars to someone?
• 49:59
  Like, what's going on here? OK, All right.
• 50:01
  That made perfect sense. OK, cool.
• 50:03
  Torture. Now show us some of the other
• 50:05
  stuff you're working on you had. Do you have the suit with you
• 50:08
  right now? Well, it's hanging up over
• 50:10
  there, but. Dude, hey, no, bro, you got to
• 50:14
  show it off, dude, because you got to show it off, brother.
• 50:18
  I'll. I'll go grab it here in a
• 50:19
  second. It's right over there.
• 50:20
  And I yeah, I got to plug it in and it actually takes a little
• 50:22
  minute to boot but so let me just share this real quick and
• 50:26
  then I'll go grab it. So then from from the ATM
• 50:29
  project I I asked myself like how can I make this smaller.
• 50:33
  I want this to be tiny. I want people to be able to take
• 50:35
  this on the go on orange pill without having to take a
• 50:37
  backpack with them and have the weight of eight AA batteries and
• 50:41
  everything else. And so I created the key chain
• 50:44
  ATM right. And so this is a very.
• 50:46
  Cool. This is a very, very simple
• 50:49
  little device and you literally just put 1/4.
• 50:53
  This one's configured for 1/4. You put it into the bottom, it
• 50:56
  shows AQR code. Then they scan that you keep the
• 51:00
  quarter and they get $0.25 worth of SAT.
• 51:04
  And like I said, it just fits on your key chain.
• 51:06
  So I I wanted to make it as small as I possibly could and
• 51:09
  and I did, I don't think I could make it any smaller so I I was
• 51:15
  probably about through 38 different versions of 3D models
• 51:18
  and trying different materials before I really got it to work
• 51:22
  at the level that I wanted it to work at.
• 51:23
  So. Dude that that's so fucking cool
• 51:26
  man. And and I and I got one of your
• 51:28
  and you're wearing it around your neck.
• 51:30
  You got one of the the. Bluetooth.
• 51:32
  Price. Yeah.
• 51:33
  Shut it off. Shut it off.
• 51:34
  Yeah, I don't know if you can see it.
• 51:35
  Let's see, what is the price of Bitcoin 46685 right now?
• 51:40
  And so this just connects to the, it actually connects to the
• 51:42
  Wi-Fi on your phone, so your hotspot and then you just wear
• 51:45
  it. So it's just a portable price
• 51:47
  ticker that you can wear around and then people see the display
• 51:50
  updating and they approach you and they're like, what, what?
• 51:52
  And then they and then they ask you to come on the.
• 51:54
  News desk Get unconfiscatable because you you have so much
• 51:57
  swag. But yeah dude this is this is so
• 52:00
  cool man. You're going places.
• 52:02
  This is. This is.
• 52:03
  Really. One more This is really.
• 52:04
  Impressive stuff. Before you go grab the jacket,
• 52:07
  you don't have to plug it in, just you can show it off what
• 52:11
  was the the minor little thing that you made.
• 52:17
  The the minor thermostat, so. Yeah, yeah.
• 52:19
  Yeah. Plug that.
• 52:20
  Yeah, so this this connects to S9 space heaters and things like
• 52:24
  that, where you're you, you want the heat, you don't want your
• 52:26
  spouse to be complaining because it's 90° in your living room.
• 52:30
  This connects to your to brains and basically regulates your
• 52:34
  temperature. So if if the temperature gets
• 52:36
  too high, which you can set at the top of the device, it will
• 52:39
  tell it to pause mining temporarily and then resume
• 52:42
  mining. So it's a very, very simple
• 52:43
  device. Recently it was what about 5
• 52:47
  days ago I finally added multiple minor support.
• 52:49
  So if you have multiple space heaters, it'll connect to
• 52:51
  multiple multiple of them. And then it shows some data on
• 52:54
  the screen here, which I'm sure is probably kind of hard to see.
• 52:56
  But it it shows whether mining is active, how many miners are
• 52:59
  connected, the minor IPS, the dead band range of the
• 53:03
  temperature fluctuations you want before it kicks on or off.
• 53:07
  Right now I'm consuming 11149 watts of power and I'm 11.68
• 53:14
  Tera hash. This is actually even though I'm
• 53:15
  holding this right now inside my house, my S9 space heaters out
• 53:19
  in my office and so this is actually controlling it from
• 53:21
  here. As long as it's on the same
• 53:22
  Wi-Fi network it'll it'll work so.
• 53:25
  Awesome. And are you selling those as
• 53:27
  well? Is there a geyser page for
• 53:28
  those? Yeah, there's a geyser page for
• 53:30
  all this stuff that I I did them all individually different.
• 53:33
  So like if you're looking for the ATM, just type in ATM and
• 53:35
  you'll see the key chain ATM and the and the other ATM, the
• 53:39
  thermostat, you'll see if you type in thermostat under the
• 53:41
  search and then this is a bit chain, so very.
• 53:45
  Very cool, very cool. All right.
• 53:47
  So while me and Opti. Chat could you?
• 53:51
  Grab. The Could you grab the suit and
• 53:54
  me and Opti will shoot. The shit, Yeah, I'm gonna, I'm
• 53:56
  gonna, I'm gonna drop his geyser page in the chat, guys.
• 54:01
  So definitely go check him out. Here's all his other cool stuff
• 54:05
  he's got on his geyser page. You can see you can get
• 54:08
  everyone's like, I want one of those lightning key chains.
• 54:11
  You guys can get them live. Absolutely dope.
• 54:15
  Great, great stuff. Great stuff.
• 54:17
  Yeah. Thanks guys.
• 54:21
  All right, all right. Wait, we.
• 54:23
  Yeah. Plug.
• 54:24
  Plug the jacket. Grab the jacket.
• 54:25
  Real quick, grab the jacket. Grab the jacket.
• 54:27
  Here we go. Here we go.
• 54:28
  How you doing, Opti? What's up?
• 54:30
  How's your Tuesday? Doing great.
• 54:32
  How's your? Tuesday any any new concealing
• 54:34
  areas you, you, you're focusing on?
• 54:36
  Hold on, let's let's full screen this real quick.
• 54:40
  I got a few. Oh, oh man, Augusta.
• 54:48
  I'm not gonna tell you guys until it happens, I.
• 54:52
  Okay. I don't like to put my business
• 54:54
  out there or else you guys make fun of me if it doesn't.
• 54:56
  Work. How is the approach?
• 54:59
  How do you normally, how do you normally?
• 55:01
  Do you go up to them and you're like, well, I'm a big fan of
• 55:03
  your dollars? No, no.
• 55:06
  So I've been recently watching House of Cards recently and I
• 55:10
  learned that they need talking heads.
• 55:13
  So I basically tell, hey guys, you can buy me just, I want some
• 55:17
  of your dollars. OK, here we go.
• 55:19
  Here we go all. Right, just got my.
• 55:23
  Name tag. On it.
• 55:23
  Let's go. All right.
• 55:25
  Model this for us. What?
• 55:26
  What? What do you got on this?
• 55:27
  Jacket. Well, so you know, here's the
• 55:30
  price. This is where the price will
• 55:31
  display, and I think I plugged it incorrectly.
• 55:34
  In about 30 seconds we should start to see these screens light
• 55:36
  up. But then we got four screens
• 55:39
  here that show the block height, how many SAT's for $1.00, the
• 55:46
  number of mem pool transactions pending.
• 55:49
  And then there was a fourth one, I'm not really sure, but then I
• 55:53
  guess at the bottom of the jacket.
• 55:54
  So while I was at the conference, you know, I had my
• 55:56
  My Nerd Miners running down at the bottom of the jacket and
• 56:01
  then, you know, the geyser products that I have and all
• 56:04
  this stuff is wired into the suit.
• 56:05
  So yeah, it was, it was a lot of fun.
• 56:08
  I kind of felt like Bitcoin Iron Man when, you know, when I went
• 56:11
  there, but it was, it was fun so.
• 56:15
  We we do have a few questions and people want to play the
• 56:18
  video in the background. So I'm gonna play this video.
• 56:21
  Take the volume. Take the volume off.
• 56:22
  Yeah, Yeah. No, it's not.
• 56:24
  I see it on Opti. Oh, wait.
• 56:25
  Oh, yeah. Sorry, sorry.
• 56:27
  I'm gonna play the video here. We're up.
• 56:30
  Whoa, okay. I wanna play the video in the
• 56:36
  background for you guys. Yeah, there we go.
• 56:38
  But we do have a question here for people that wanna know how
• 56:41
  this works. So Roman asks, you need a
• 56:44
  lightning node running LND to support the ATM devices, right?
• 56:49
  No. So you're using Ln bits for the
• 56:51
  custodial now, but that being said, you can do it non
• 56:56
  custodial you if you're running something like umbrella or start
• 56:59
  nine, you can install Ln bits and then generate your key from
• 57:02
  there. And so then it actually connects
• 57:04
  to your own personal note if you choose to do that and it'll
• 57:06
  still work offline. This is so glove it.
• 57:09
  This is so cool, by the way. Torture.
• 57:12
  In real life, this suit is like. Like it's dope right now.
• 57:16
  Multiply that by like 100. Hey, they wanna watch the video.
• 57:19
  They wanna watch the video? Dude, look at this soup, bro.
• 57:21
  OK, all right, here we go. Wait, let me let me rewind this
• 57:26
  a little bit. All right, Sending sat.
• 57:29
  Here you guys go. The process of the Lightning
• 57:34
  ATM. Dope.
• 57:39
  Very, very cool. Oh wine's in the chat.
• 57:44
  How easy will it be to accept other currencies?
• 57:48
  Oh, like for the ATF. So I actually configure it for
• 57:51
  you. So if you buy through Geyser,
• 57:54
  you just tell me. Right now I support 14 different
• 57:57
  currencies. I think they're all listed on
• 57:59
  the campaign, but I've done Swiss francs, I've done GBP,
• 58:05
  Canada, US, oh, yen. I've done the Japanese dollar or
• 58:14
  the Japanese yen. I don't know.
• 58:16
  I have like 14 of them anyways. Yeah, a whole bunch So.
• 58:19
  And if I and if for some reason I don't have that currency, then
• 58:21
  I'll actually just take a little bit off the price for you to
• 58:24
  ship me that local currency in coins, because that is almost
• 58:28
  impossible today to get coins from other countries.
• 58:30
  I found out you can't even go to an airport or a bank and even
• 58:34
  order them. They just won't allow it.
• 58:36
  Like, that's crazy. That's so nice.
• 58:38
  So I've had people actually sending me the currency and then
• 58:41
  I just give them a discount so that I can support that currency
• 58:43
  for, you know, future orders. Very cool.
• 58:46
  Very cool. Wow, man, this is so cool.
• 58:49
  Yeah. Wine points out a really good
• 58:51
  he's like, I always have loose change before leaving a country.
• 58:53
  That's so true. This would be perfect for that.
• 58:56
  You know, you put in your little, you know, your local
• 58:59
  currency and then you get Sats in return on the way out.
• 59:03
  You know, that's a really good point from Winachus.
• 59:06
  Wow. Winachus saying something?
• 59:07
  Smarter, right Knack, Knack, Winachus, Lineachus and his
• 59:11
  knacks. All right everybody.
• 59:14
  I do want to give a shout out to our our guest Torture.
• 59:19
  Definitely check out his awesome project, the Bitcoin ETF.
• 59:22
  This guy's a tinkerer. I was very lucky enough to get
• 59:26
  the Bitcoin, the thing that he's wearing around his neck.
• 59:29
  I have one. He's he's kind enough to give
• 59:33
  me. I think you gave it to my to my
• 59:35
  wife, actually. At the time she was my fiance.
• 59:38
  You gave it to her. So she like, we have it like
• 59:40
  it's in our bedroom, like under the TV.
• 59:42
  It's really cool. But thank you so much for coming
• 59:45
  on the. Show we really appreciate.
• 59:46
  It we have torture, where Where can people find you?
• 59:48
  Yeah. What do you mean on Twitter?
• 59:52
  On. Twitter on the interwebs?
• 59:53
  Yeah, the interwebs. Wherever you want them to find
• 59:55
  you. Yeah, on Twitter, my tag is at T
• 59:59
  Hoagland, which I guess maybe we can throw in the chat or
• 1:00:01
  whatever. But yeah, yeah.
• 1:00:04
  Or if you're in any Bitcoin space, you'll see me.
• 1:00:07
  Fairly often, because I'm on spaces quite a lot.
• 1:00:10
  Awesome, awesome. Well dude, thank you so much for
• 1:00:12
  joining us today. Really, really, really, really,
• 1:00:15
  you know, honored, pleased, happy that you're on our side.
• 1:00:18
  Congratulations on, you know the the gig at Geyser.
• 1:00:22
  It's a great team over there makes doing an incredible job.
• 1:00:25
  You guys are building, building, building I mean.
• 1:00:27
  You prove the use case, bro. They turn you.
• 1:00:30
  Down from the Fiat version and then guys just like, no, yeah,
• 1:00:34
  of course you can come over here, you know.
• 1:00:36
  So that's what all that's what bitcoin's all about.
• 1:00:38
  That's awesome. Like I said, glad you're on our
• 1:00:41
  side. Keep building, bro.
• 1:00:42
  You're literally building like you're actually building shit,
• 1:00:45
  like physical shit. And it's it's really, really
• 1:00:47
  cool, man. So thank you so much for coming
• 1:00:50
  on the show. And soon people are gonna be
• 1:00:53
  asking where they could buy that jacket.
• 1:00:55
  Yeah, I've thought about auctioning it off honestly, just
• 1:00:58
  to Yeah, who who wants it, right.
• 1:01:01
  But no thank you guys sounds. Like a new geyser page.
• 1:01:04
  Sounds like a new geyser page. Yeah, absolutely, 100%.
• 1:01:07
  Well, thank you so much for joining.
• 1:01:08
  Us. Wait, wait, what?
• 1:01:09
  What's your Twitter handle again that people are asking?
• 1:01:13
  T Hoagland Here, I'll I'll, I'll give it in the private chat for
• 1:01:15
  you. OK, cool.
• 1:01:16
  Yeah, we will, we will put, we will put it on screen for you
• 1:01:20
  and 321. Boom.
• 1:01:26
  All right, there you can. You guys could follow torture
• 1:01:29
  right there. You can just check out his
• 1:01:31
  handle and check out his awesome stuff.
• 1:01:33
  What he's what he's working on. Awesome.
• 1:01:35
  Fellow Bitcoiner guys, that was our show.
• 1:01:38
  If you enjoyed the show, you know what to do.
• 1:01:40
  Smash the like button. Consider subscribing if you feel
• 1:01:42
  like we provided you value. But the.
• 1:01:44
  Number one thing you could do to help push the peaceful Bitcoin
• 1:01:49
  revolution. Is by our merch I am being held.
• 1:01:56
  Accountable the intern is turning off the discount
• 1:01:58
  tonight. By, by, our by, by, by Quinacus.
• 1:02:03
  Yeah, he's just help. Help us, you know, help us stay
• 1:02:06
  on the air, Help us stay independent.
• 1:02:08
  Really, really helps. Believe it or not, the Simply
• 1:02:10
  Bitcoin team is pretty big. It's like a group of like 10-12
• 1:02:14
  of us. So it really, really helps if
• 1:02:16
  you guys want to support the show, support all this content
• 1:02:18
  that's dropping. Really, really helps if if you
• 1:02:21
  guys check out our merch and also check out our other
• 1:02:23
  sponsors, OK, all right, Wine won't kill me now.
• 1:02:27
  OK, so yeah, if you guys want to continue helping.
• 1:02:30
  Intern won't kill you. Yeah, yeah, yeah.
• 1:02:35
  Janitor, intern. Yeah, yeah, yeah, an intern that
• 1:02:40
  that runs everything. OK, so guys, if if you guys want
• 1:02:45
  to help the peaceful Bitcoin revolution share Bitcoin
• 1:02:47
  culture, share Bitcoin content, share Bitcoin music, great,
• 1:02:52
  Andrew Breitbart said. If that culture's downstream
• 1:02:56
  from politics. So we really have to just Co opt
• 1:02:59
  the culture, take it over. And I think that's happening
• 1:03:02
  before our eyes. When you have Elon Musk Tweeting
• 1:03:05
  about inflation, when you have the president of a country
• 1:03:08
  retweeting Elon, Elon Musk's meme, I think we're definitely
• 1:03:12
  making progress. But we could accelerate it,
• 1:03:14
  right? We could accelerate that.
• 1:03:15
  So do you want to, do you want to decelerate it?
• 1:03:18
  Do you want to accelerate it? Right, 'cause there's nothing in
• 1:03:20
  between. So anyways, guys, really
• 1:03:22
  appreciate it. Thank you so much guys for
• 1:03:24
  tuning into Simply Bitcoin Live. And you know we'll see you guys
• 1:03:27
  tomorrow for a brand new episode.
• 1:03:29
  Peace out everybody. Have an awesome rest of your
• 1:03:31
  day. So apparently I said it wrong.
• 1:03:57
  It's no politics is downstream from culture.
• 1:04:00
  All right, all right, let's try that again one more time.
• 1:04:02
  Here we go.