Latest / Simply Bitcoin / PAY ATTENTION: Did This $11T GIANT Plan EVERYTHING?! | EP 1338

Transcript

PAY ATTENTION: Did This $11T GIANT Plan EVERYTHING?! | EP 1338 · Simply Bitcoin

• 0:00
  While everyone was focused on the flash clash, flash clash,
• 0:05
  flash crash that happened yesterday, BlackRock just went
• 0:09
  on the national news and revealed the unthinkable while
• 0:13
  most people were focused on the largest liquidation.
• 0:17
  Event of the. Year yesterday, BlackRock
• 0:19
  clients were not. This goes back to our
• 0:22
  speculations. Are the big institutions playing
• 0:26
  shenanigans with the Bitcoin price?
• 0:28
  So they could. Buy it on the cheap.
• 0:30
  I don't know we're going to answer.
• 0:31
  All of those questions and more, but first, let's play the clip.
• 0:35
  And we have a very special guest today, Rockstar Baby.
• 0:41
  You know, and I'm talking to some of the most sophisticated
• 0:43
  long term Bitcoin accumulators. They're pretty excited about
• 0:47
  this dip. They, you know, they see this as
• 0:49
  the buying opportunity. They certainly don't look at
• 0:51
  economic headwinds and say that's.
• 0:54
  That's bad for Bitcoin. They say that's probably a
• 0:56
  catalyst for Bitcoin. Well, to be fair, they are
• 0:58
  always pretty that that's true, that's true.
• 1:01
  But but some of them, you know, we're taking chips off the table
• 1:04
  a little bit in the in the hundreds and you know, now they
• 1:07
  see this correction and a lot of them view it as sort of an
• 1:11
  irrational sell off based on short term factors.
• 1:14
  I don't know where that's true or not, but certainly there
• 1:17
  there's a lot yet to be sort of understood and processed about
• 1:21
  this asset and how people think about it from a risk return
• 1:23
  perspective and in a portfolio and how the correlation should
• 1:26
  play out over the long run. So we're trying to play a role
• 1:29
  in that. You know, lots of other
• 1:32
  financial institutions that have come into this space are are
• 1:34
  trying to bring some some quantitative rigor to that as
• 1:37
  well. So let's talk about that first.
• 1:41
  The one the only the legendary Rockstar dev in the house
• 1:45
  joining us on simply Bitcoin Live Today.
• 1:48
  I mean, this goes back to what we were talking about yesterday.
• 1:51
  We were we were talking about yesterday, Opti, the NASDAQ is
• 1:55
  in the green, gold is in the green, but.
• 1:58
  Bitcoin is in the red. And it almost seems like they're
• 2:02
  just at, they're plainly admitting it, man.
• 2:04
  They're just basically saying, hey, look, a lot of people are
• 2:08
  seeing this as a potential stacking opportunity,
• 2:11
  specifically institutional investors.
• 2:14
  Before I pass it on to Opti, I was going to say Rapti.
• 2:18
  Before I pass it on to Opti, I'm going to pass it on to Rockstar.
• 2:22
  Rockstar. Boy have things changed bro.
• 2:25
  We used to celebrate. We used to be like the plebs are
• 2:28
  buying. Actually, we used to celebrate
• 2:30
  that. The institutions were coming.
• 2:32
  I remember 2018. That was like one of the coping
• 2:35
  mechanisms that we had when the price crashed from 20K to 3500.
• 2:40
  We're like the. Institutions were coming and we
• 2:42
  were so giddy. We were so.
• 2:44
  Happy now the institutions are here and I feel like, you know,
• 2:48
  bitcoins gone mainstream. You know, it's I forget who said
• 2:53
  this quote. I forget it's like your favorite
• 2:55
  band goes mainstream. That's what it feels like.
• 2:58
  So, Roxar, I'm going to pass it on to you.
• 3:01
  It's. Two parted question.
• 3:03
  Question number one is, you know, are there some, some
• 3:06
  Bitcoin price shenanigans happening since these large
• 3:11
  institutional players have come in potentially some paper
• 3:15
  Bitcoin. And part question number 2 is,
• 3:20
  do you miss the good old days? You missed the good old days of
• 3:23
  50% volatility in a month. We we'd want to pull our, our
• 3:28
  hair out. You know, it wouldn't
• 3:30
  potentially we wouldn't feel too good about it, but at least we
• 3:33
  felt alive. I feel like bitcoins become a
• 3:36
  stable coin this year. Rockstar Dev.
• 3:38
  What's your take, brother? Definitely a stable coin with
• 3:43
  less of a price action, but man, of course, I I missed the good
• 3:47
  old days. But also I know that these days,
• 3:52
  like we gonna miss them in five years, in 10 years, because
• 3:56
  Bitcoin is only getting monetized once and you know,
• 4:01
  through exciting times, through boring times.
• 4:05
  We should just keep that in mind and enjoy it again like we're
• 4:08
  only doing this once, Nico. So those days that we miss you
• 4:13
  and me like 20-17 and getting to meet each other at the
• 4:18
  conferences starting, hey, this is how we're going to miss these
• 4:23
  days. Now, as you say, suits are here.
• 4:28
  We could even maybe sing it like suits are here.
• 4:32
  Suits. Sorry, it's gone mainstream and
• 4:37
  it's, it's, it's just man, we, we got to embrace it.
• 4:40
  We wanted Bitcoin to go mainstream.
• 4:43
  It has gone mainstream. Now with the suits being here,
• 4:47
  there will be all kinds of political games.
• 4:51
  And as Bitstein said in his essay, everyone is a scammer.
• 4:57
  But now we have professional scammers here.
• 4:59
  So no, man, there will be price action there.
• 5:05
  There will be periods, you say, with lesser price action.
• 5:09
  There will be like one Bitcoin treasury company, political
• 5:13
  people, scammers, they try to thank the price so that some
• 5:17
  other sell increase their M NAV. Then they pick up that Bitcoin,
• 5:24
  man, we're we're in for a treat with all kinds of games and
• 5:28
  shenanigans. Yeah, absolutely, man.
• 5:30
  And I think that's a very, that's a very optimistic way of
• 5:34
  looking at it, right. This this half glass full type
• 5:38
  of way we are going to miss these days.
• 5:40
  You know, bitcoins only only going to get monetized once.
• 5:44
  I really like that perspective. I think it's very, very true and
• 5:49
  I think we're living through it right now.
• 5:50
  I mean, this year was super historical, even though from a
• 5:54
  price action perspective, you know, me and Opti are, you know,
• 5:58
  feeding the dopamine, but you know, from a from a historical
• 6:01
  perspective, you had the first pro Bitcoin president in the
• 6:04
  White House elected, right? You have the talk of the
• 6:07
  strategic Bitcoin reserve. You have Bitcoin taking over
• 6:11
  Wall Street. You know, you have
• 6:13
  MicroStrategy, you have a bunch of other Bitcoin treasury
• 6:17
  companies. And yeah, Bitcoin is is growing
• 6:21
  up. It's it's getting financialized,
• 6:23
  you know, and obviously that comes with unintended
• 6:27
  consequences that perhaps a lot of us did not foresee while we
• 6:31
  were hoping that these things are going to happen, you know,
• 6:36
  but it, it is what it is like, you know, in, in two years, me
• 6:39
  and Opti will be wearing suits every single day on the live
• 6:42
  stream and we will have perfect haircuts and, you know, we will
• 6:47
  be speaking properly. Now we know that's a lie and we
• 6:51
  can't speak properly. And Opti will have a British
• 6:54
  accent somehow. It would just start to pop out.
• 6:58
  So Opti, I want to get your take on this, man.
• 7:00
  I mean, quite interesting. You know, basically on the video
• 7:06
  that we just played saying the quiet part out loud, bro,
• 7:11
  basically admitting ET they just said the quiet part out loud.
• 7:15
  Like the price dipped and some some investors saw that as an
• 7:20
  opportunity. Opti what?
• 7:21
  You're well. Well, I mean, you could say the
• 7:23
  price dipped. You could probably also say that
• 7:26
  maybe they wanted the price to dip so that they could pack
• 7:28
  their bags, which is something we've been saying on the show
• 7:31
  for a while, as we saw yesterday with that huge liquidation and
• 7:36
  everyone's wondering what is going on with the price.
• 7:38
  And you know, who's actually in control here?
• 7:41
  It it all points to the same thing is that it does feel like
• 7:45
  people are trying to pack their bags.
• 7:47
  They're really trying to position themselves before this
• 7:49
  thing does start to run. Whether it's going to go back to
• 7:52
  like 2017 days or not. It's probably a totally
• 7:55
  different conversation, but we do know it's going to go up.
• 7:57
  And if you are these institutions and you are, you
• 8:02
  know, financial hedge funds, etc, etc, and you see the Trump
• 8:07
  administration say that they want to make Bitcoin, you know,
• 8:10
  or make America the Bitcoin superpower of the world, you got
• 8:13
  to understand that these institutions move like very
• 8:16
  slowly. And so of course, they want the
• 8:18
  price to go low and so that they can position themselves, they
• 8:22
  got to slowly get their positions.
• 8:23
  They got to slowly kind of turn the ships that they can get a
• 8:26
  position. And from that clip, he
• 8:29
  definitely said the quiet part out loud.
• 8:30
  He he's basically saying like, buy all the dips.
• 8:33
  This is the opportunity to be buying right now.
• 8:35
  So while retail and Main Street are terrified right now of the
• 8:39
  price going down, the institutions are sitting on the
• 8:41
  back end and they're thinking, hey, this is a good price to go.
• 8:45
  We've been kind of waiting for one more pullback.
• 8:47
  Now the real question I think for all of us here, since we are
• 8:50
  so dopamine deprived, is like, is this the final dip before we
• 8:54
  start to RIP? That's what we all want to know
• 8:56
  here. Obviously it does feel like the
• 8:59
  price is getting frothy and it does see feel like there is a
• 9:02
  little bit of, I don't know if you want to call it suppression
• 9:06
  or price manipulation or what have you, but it does seem like
• 9:10
  there is some someone trying to keep the price down before
• 9:12
  things start to get frothy again.
• 9:14
  And you know, part of me is like, hey, I'm all for this.
• 9:19
  Cheaper stats for everyone. If you understand what is going
• 9:22
  on, cheap stats are great. On the other side, as as the
• 9:27
  Simply Bitcoin news show, you're like, man, I really want to see
• 9:30
  some Bitcoin price action come back to life because this has
• 9:33
  been a stable coin for what, almost 10 months now?
• 9:36
  I thought we were going to the moon super fast.
• 9:38
  I thought we were going to 150 like yesterday.
• 9:42
  And here we are at what? What are we three, $4000 up from
• 9:47
  where we were ten months ago? It's like man, this is not that
• 9:50
  fun anymore. Like where?
• 9:51
  Where's all the? Fun at, but I do want to ask
• 9:55
  Rockstar a question here because you know, Rockstar is an OG.
• 9:59
  Some might argue an insider here.
• 10:01
  He knows a lot of the stuff on the back end.
• 10:05
  He's he's the Bitcoin rock star. And there has been a lot of
• 10:10
  debate right now with the ETF launch, with the institutions
• 10:14
  coming in, in Bitcoin and you know, the the war between like
• 10:18
  the plebs and the suit coiners. And so from your perspective,
• 10:23
  rock Star, do you think that now that the institutions are here,
• 10:27
  is Bitcoin being Co opted? I have heard a lot of people say
• 10:31
  this, whether it's like whale selling coin or the war over
• 10:35
  core or not, etcetera. There has been this kind of
• 10:38
  constant conversation of, oh, the suits are here, they're Co
• 10:42
  opting Bitcoin and we got to not lose our ethos here.
• 10:46
  So what would be your perspective on that whole
• 10:48
  argument? Yeah, well, I am a suit coiner
• 10:52
  as well. Yeah, when you see at the
• 10:54
  conference, I'm wearing a suit, right.
• 10:57
  So the ultimate insider as a Bitcoin uncle so.
• 11:01
  But but hold on. But but Rockstar, you've you've
• 11:05
  you've evolved from from dark Rockstar to light Rockstar.
• 11:11
  Oh yeah, like from Rockstar to black to Rockstar to white man,
• 11:15
  this this is you also saw that people are like a Rockstar is
• 11:19
  LARP. You know, he's influencer.
• 11:22
  He's not a developer. Man, you got to embrace it all
• 11:27
  because one thing I've learned being in a Bitcoin for what is
• 11:33
  what is now like it will be man over a decade actively is
• 11:40
  anytime you think you're Co opting Bitcoin or using Bitcoin,
• 11:44
  Bitcoin is Co opting you and using you in certain way.
• 11:48
  So you just got to embrace whatever is coming your way and
• 11:55
  keep repeating that mantra. Stay humble stack sacks, proof
• 11:59
  of work, do all of that because man is is number goes up, but
• 12:05
  greed also goes up. And over the years we, we will
• 12:11
  just keep losing people to greed, to exhaustion, to Bitcoin
• 12:17
  derangement syndrome. So as as the ultimate insider, I
• 12:22
  say man, stay humble stack sads and have fun.
• 12:25
  If you're not having fun, you need to switch something up and
• 12:30
  you got to find a way to say serious stuff in a non serious
• 12:34
  way. I know Nico, you have a saying
• 12:38
  of Bitcoin or slavery and people are like, Nah, you know, he's
• 12:42
  not serious. This man, it's literally that.
• 12:45
  It's literally like we see it every day, politicians
• 12:51
  continuing to print money, psychopaths suit coiners getting
• 12:56
  into Bitcoin and it it's just going to be way more chaos where
• 13:02
  way more slavery for people that don't get into Bitcoin, that
• 13:05
  don't defend their individual freedom.
• 13:07
  And we got a, you know, we our way forward.
• 13:12
  And as uncle likes to say, with Opti, scam as many people as
• 13:16
  possible into profits, get them into Bitcoin.
• 13:20
  Let's go people. Individual freedom.
• 13:22
  Click click bait in the in the profits.
• 13:25
  That also we we have what how many more years like 3 more
• 13:31
  years with Trump in office so we we can go with like click bait
• 13:35
  into into profit. If Camelot gets and Democrats
• 13:38
  get elected maybe YouTube switches again and we gotta be
• 13:42
  fuckinged up like scam people into vaccine or something.
• 13:45
  I don't know. Whatever is socially acceptable
• 13:48
  at that point of time. Oh man, well I'm super pumped to
• 13:53
  have Rockstar on the show today and Rockstar I got I got some
• 13:58
  questions for you brother. So bitcoins up 25% this year.
• 14:04
  It's the year after the having historically Bitcoin tends to,
• 14:09
  you know, it tends to have a a very kind of explosive year.
• 14:13
  The year after the having, I think a lot of people are
• 14:16
  feeling underwhelmed, but a lot of people are, are, are putting
• 14:20
  their hopes and expectations into Q4 of this year.
• 14:25
  How you feeling about it, bro? How you feeling about Q4 of
• 14:29
  2025? Because I, I, I think a lot of
• 14:33
  people are just, you know, they're, they're expecting the
• 14:35
  price to go up. And you and I both know when
• 14:39
  you, when you expect Bitcoin to do something, it, it, it tends
• 14:42
  to do the exact opposite. Rockstar, what's your take about
• 14:45
  Q42025 Bitcoin? Man, every quarter is phenomenal
• 14:52
  when you're in Bitcoin and you just shouldn't the, the, the way
• 14:57
  the reason why I'm optimistic is a lot because like I don't focus
• 15:01
  on price man, I, I know where we are at right now will will go
• 15:06
  much higher. Now which quarter?
• 15:08
  If I place an expectation on it, I'll, I'll just, you know,
• 15:13
  either be too happy or too sad. No, man, I I focus really on
• 15:20
  developing freedom tech like free and open source software,
• 15:25
  spending my time with quality people like you gentlemen, and
• 15:32
  focusing on, on the fact that, yeah, we're monetizing Bitcoin
• 15:36
  once. So I know that Bitcoin is going
• 15:40
  much higher than this now. Is it Q42025?
• 15:44
  Who cares, man? Like Bitcoin is well, even if it
• 15:47
  is like Will you sell your Bitcoin, Nico?
• 15:50
  Bro sell my Bitcoin for what? Yeah, like.
• 15:54
  Like it now goes 2X what do you do?
• 15:56
  Like do you sell it for for Fiat?
• 15:59
  Now we just feel better about ourselves.
• 16:02
  What are we going to sell it for?
• 16:04
  There we go. We've identified so people, if
• 16:07
  you're, you know that the way you feel is impacted by Bitcoin
• 16:11
  price and just stop it, you know, don't focus on that.
• 16:16
  Don't focus on stuff you can't control because even if it goes
• 16:20
  2X again, what you got to do sell your Bitcoin.
• 16:23
  Come on, be be better than that. And I like to bring up the
• 16:28
  whole, oh, what will be the price of Bitcoin in five years?
• 16:32
  Everyone on the stream, if the price that you say is not so
• 16:38
  crazy that people think you're retarded, you got up the price.
• 16:41
  So, so Opti, what's what's the price of Bitcoin?
• 16:44
  Yeah, the price of Bitcoin in five years is 100 million with
• 16:47
  me and me and Rockstar did the math this morning.
• 16:50
  Yeah, let's go. So 100 million a. 100 million a
• 16:53
  hundred. Million in five.
• 16:54
  Years 100 million Anyways, we got Rockstar joining us on the
• 16:58
  show today. We're going to be talking about
• 16:59
  something that he's been working on.
• 17:02
  This is Rockstar Dev at the at the end of the day.
• 17:05
  And I think a perfect segue to go into that topic is cover a
• 17:10
  little bit of the news before we go into the intro.
• 17:14
  We're going to be talking to Rockstar Dev about it.
• 17:17
  But something interesting happened in Vietnam and you
• 17:23
  know, there's a country in in Asia.
• 17:26
  And thank you, Opti. Can you make us bigger?
• 17:30
  It's a country in, in, in Asia. And yeah, it's also a very
• 17:36
  beautiful country. Look at that very beautiful
• 17:39
  country in Vietnam. Look at that man.
• 17:40
  Look at those islands. Looks majestic.
• 17:42
  It looks, it looks, it looks so cool.
• 17:44
  It looks fake. So this is a beautiful country
• 17:47
  in Vietnam, but something not so beautiful happened.
• 17:52
  Check out this article by Crypto Slate Vietnam's bank account
• 17:58
  purge is the best publicity for Bitcoin, so let's let's move it
• 18:03
  on. Let's check it out.
• 18:04
  If you've been following the latest news from 1984, you'll
• 18:08
  know that Vietnam has permanent permanently closed over 86
• 18:12
  million bank accounts. For a country with an estimated
• 18:16
  200 million bank accounts, that's around 43% being frozen
• 18:21
  or deleted to quote, prevent fraud and cybercrime.
• 18:25
  The account closures follow sweeping the regulations
• 18:29
  requiring users biometric authentication and provide
• 18:34
  Bitcoin with one of the best free publicity campaigns to
• 18:38
  date. 86 Oh, what is that? That's not cool 86 billion,
• 18:43
  sorry 86 million bank accounts. Vietnam's biometric turn
• 18:48
  According to Vietnam News and statements by the State Bank of
• 18:52
  Vietnam, commercial banks began deleting more deleting.
• 18:56
  That's a deleting not even freezing.
• 18:58
  They're deleting more than 8. What happened to the money in
• 19:01
  those accounts is just that. Does that get deleted?
• 19:04
  Too. It's ours now.
• 19:05
  It just gets deleted. That money just gets deleted.
• 19:09
  You got you work for it. Deleted more than 80 Deleted
• 19:13
  more than 86 million bank accounts at the start of
• 19:16
  September 2025. Officials state the purge
• 19:20
  targets accounts that have either not BeenVerified with
• 19:24
  biometrics or have been flagged as long and active.
• 19:29
  The move is billed as a billed as a measure to prevent fraud,
• 19:32
  cybercrime and money laundering. 113,000,000 of the country's
• 19:38
  estimated 200 million accounts survive the verification sweep,
• 19:43
  with around 86 million bank accounts being deemed as
• 19:46
  inactive. Biometric checks, including face
• 19:49
  scans, are now mandatory not only for account registration
• 19:53
  but for certain online transactions.
• 19:56
  Foreign residents have been among the hardest hit due to in
• 20:00
  person requirements and limited avenues for remote compliance.
• 20:05
  When banks freeze your account Vietnam's overnight account
• 20:09
  closures are not an isolated in event.
• 20:13
  Over recent years, governments and banks worldwide have frozen
• 20:16
  millions of customer funds, citing fraud, sanctions, and
• 20:21
  regulatory mandates. In 2022, depositors in several
• 20:26
  rural banks in China found their funds frozen without warning,
• 20:30
  sparking public protests and outrage when withdraws of life
• 20:35
  savings were blocked due to alleged fraud and mismanagement.
• 20:39
  In the United States, law enforcement and banks regularly
• 20:42
  freeze or seize funds during investigation, with civil asset
• 20:46
  forfeiture impacting citizens who have not been convicted of a
• 20:51
  crime. So anyways, it keeps going and
• 20:55
  again, it reminds me of the passages from The Sovereign
• 20:58
  Individual, a fantastic book I think every Bitcoiner should
• 21:01
  read. And it says these are some of
• 21:04
  the passages from the book. New technologies will allow the
• 21:07
  holders of wealth to bypass the national monopolies that have
• 21:10
  issued and regulated money in the modern period.
• 21:13
  Their importance for controlling the world's wealth will be
• 21:15
  transcended by mathematical algorithms that have no physical
• 21:18
  existence. In the new Millennium.
• 21:21
  Cyber money controlled by private markets will supersede
• 21:24
  Fiat money issued by governments lacking their customs scope.
• 21:28
  To inflate governments, even in traditionally civil countries,
• 21:31
  will turn nasty. It goes on to say businesses
• 21:35
  that offer services that facilitate the realization of
• 21:38
  autonomy by individuals will be subject to infiltration,
• 21:41
  sabotage, and disruption. Arbitrary forfeiture of
• 21:45
  property, already commonplace in the United States where it
• 21:47
  occurs 5000 times a week, will become even more pervasive.
• 21:51
  Governments will violate human rights, censor the free flow of
• 21:54
  information, sabotage useful technologies, and where's?
• 21:58
  I think this is where we are in the movie, ladies and gentlemen.
• 22:02
  And here is actually a Reddit post from someone apparently
• 22:08
  from Vietnam and he's asking for advice.
• 22:12
  This is Carl Munger, a well known Bitcoin Twitter X person
• 22:18
  says Vietnam just shut down 86 million bank accounts.
• 22:21
  And what I, what I will say, ladies and gentlemen, listen, if
• 22:25
  a bank can freeze your money, it ain't your money.
• 22:30
  If a bank could freeze your money, it ain't your money.
• 22:34
  If you have to ask someone else for permission to use your money
• 22:37
  and it ain't your money. So going back to Rockstar's
• 22:41
  statement, Bitcoin or slavery is not a hyperbolic statement.
• 22:46
  It's the real deal. It's it's serious, It's actually
• 22:49
  what's happening in reality. So anyways, let's check out this
• 22:52
  Reddit post and then we'll open up the discussion with Rockstar
• 22:55
  joining us today. Bank is closing my account due
• 22:59
  to biometrics while I'm out of the country.
• 23:02
  Looking for advice please. Hi guys I'm looking for advice.
• 23:06
  I used to work in Vietnam, I have left the country after my
• 23:09
  contract was over I'm. Waiting for my.
• 23:12
  Social insurance money that is owed to me.
• 23:15
  I was also told that the bank representative when I opened the
• 23:18
  account to keep money in the bank once I leave so it won't be
• 23:22
  closed until I receive the transfer that I was waiting for.
• 23:26
  Since I left, this biometrics law has been put in place.
• 23:30
  I tried to update it online but it sends you a one time password
• 23:35
  to a Vietnamese phone number. I don't have any more.
• 23:38
  I called the. Bank and they were no help.
• 23:41
  Basically said my only option is to fly there in person.
• 23:45
  Does that sound crazy to anyone else?
• 23:47
  In 2025, you cannot transfer your money and have to fly into
• 23:52
  a country in. Person to resolve an issue on
• 23:55
  top of on top. Of it all.
• 23:57
  They said they were. They will close my account this
• 24:00
  month if I don't fly in and update the biometrics while the
• 24:04
  transfer should happen next month from the government.
• 24:07
  Which means they won't be able to transfer me the money I am
• 24:10
  owned. I will also lose all the money I
• 24:13
  have in the account as well once it's closed.
• 24:16
  So I think that that that article that said deleted, I
• 24:21
  don't think deleted was a high. Where did that?
• 24:23
  Where does that money go? By the way?
• 24:25
  Where does that money go? So like it so does it just get
• 24:30
  sent back to, to, to the government?
• 24:33
  I guess? You know, that's the part that
• 24:36
  they don't, they don't ever talk about that part, right?
• 24:38
  When it, when it says like, hey, like, you know, the money's
• 24:41
  frozen or it's seized or, you know, it's, it's taken.
• 24:46
  You got to ask yourself. Who's it taken by?
• 24:49
  And then also, who gets to print all the money in the 1st place,
• 24:53
  right? It's almost as if they have this
• 24:55
  total monopoly on the issuance in the control of money.
• 25:01
  And I think Bitcoin is the only escape.
• 25:03
  Bitcoin is the only way out of this system.
• 25:06
  That that that to me is clear as day.
• 25:09
  Am I wrong Rockstar? Like what?
• 25:11
  What am I? We have to be conscious that we
• 25:13
  are on YouTube and we love YouTube, right?
• 25:16
  But Rockstar, But Rockstar, you know what?
• 25:20
  What's your opinion here, man? Because this is some pretty
• 25:23
  dystopian stuff. I mean, we saw this in Canada.
• 25:26
  This wasn't this isn't just happening in Vietnam, right?
• 25:30
  You. Saw this happen in Canada with
• 25:31
  the Canadian truckers protest but this is some pretty
• 25:35
  dystopian stuff. Man, this.
• 25:37
  Is crazy. This is insane. 86 million
• 25:40
  accounts, 43% of the bank accounts in Vietnam.
• 25:46
  Were deleted overnight because of biometrics.
• 25:50
  What's your take? Roxanne But since we're on
• 25:53
  YouTube and we adore YouTube, let's approach this seriously,
• 25:57
  super seriously, because it is a serious problem.
• 26:01
  You guys saw this. This was a couple years ago, but
• 26:05
  it was I, I think one of the biggest breaches in history
• 26:10
  where 800,000,815 millions people personal information from
• 26:17
  India was leaked. And we all in US have
• 26:21
  experienced those letters that come into mail and it's like,
• 26:24
  oops, sorry, you know, your private information has been
• 26:28
  leaked. So this is the, the type of
• 26:32
  future that we should keep in mind is that all these different
• 26:39
  entities, banks, companies, they're literally required by
• 26:46
  government to collect private personal information of people
• 26:50
  and then they lose it. And it's like, what?
• 26:54
  Oops, you know, your, your Social Security number, your
• 26:59
  address, your full name. It's just that data is stolen
• 27:04
  from you and then used for, yeah, phishing targeting by
• 27:09
  scams, opening new credit card account.
• 27:12
  So this is where what we are doing is we are reforming the
• 27:17
  system through our efforts to bring up like build and get as
• 27:23
  many people to use the better system that Bitcoin is.
• 27:26
  Because again, like what? What?
• 27:29
  What will now banks in Vietnam do when they're required to
• 27:33
  collect face scans of their customers?
• 27:37
  Man, imagine when that data leaks and is then used by
• 27:43
  nefarious actors in like AI models to produce videos.
• 27:48
  Like what will female customers of that bank do?
• 27:52
  So tons of serious questions and this is for you, YouTube uncle,
• 27:57
  being serious and well, we can switch to being less serious
• 28:00
  because of it's just demonstrated what's behind all
• 28:04
  of this and we need a better system.
• 28:07
  We need a better system. Yeah, we need an alternative
• 28:09
  system. And I think an important
• 28:12
  conversation to have is, you know, what is the role of
• 28:16
  government. You know, I, I, I think that is
• 28:19
  a, a very important discussion to have.
• 28:22
  It's a very, it, it cause 'cause you have to understand, at least
• 28:25
  in American history, right, the role of government has expanded
• 28:29
  tremendously since 1913, since the establishment of the Federal
• 28:35
  Reserve and the role of government in people's lives.
• 28:37
  Like the whole idea of the government, you know, basically
• 28:42
  having a monopoly on, on money was that they would be
• 28:46
  accountable, right? But in actuality, the exact
• 28:51
  opposite has happened right now that the government has the
• 28:56
  ability to essentially create revenue for themselves for free
• 29:01
  by printing money. You know, the, the, the
• 29:04
  accountability actually goes away when you have a government
• 29:08
  that you know, their, their source of revenue is direct
• 29:11
  taxation. And it's only direct taxation,
• 29:16
  you know, the, the politicians are going to care a whole lot
• 29:18
  more about what their constituents have to say and
• 29:23
  about what their, what their ideas are and what their
• 29:26
  grievances are versus this kind of current system that we have
• 29:31
  where, you know, they're somewhat immune.
• 29:33
  They're, they're like, they're like in a bubble.
• 29:35
  They're like encapsulated illiterate.
• 29:39
  And, and they don't really have to care.
• 29:40
  And, and we, we played you guys this video, me and Opti were
• 29:44
  kind of making fun of it the other day of, of the head of the
• 29:49
  of, of, of, I don't know, the head of the European Union,
• 29:52
  Ursula 1 of Opti's exes, Ursula von der Leyen or whatever.
• 29:57
  And she was basically straight up saying like to like a
• 30:02
  clopping like a clapping audience, like basically saying
• 30:05
  like, look like if we don't roll out a central bank digital
• 30:09
  currency, everyone's going to lose their job like.
• 30:13
  Like it was such a crazy. Statement But I think it shows,
• 30:18
  you know, how desperate they are, how much they fear losing
• 30:21
  control over money. Because I think that once they
• 30:24
  lose control over money, they have to justify.
• 30:28
  You know they have to justify. Their role?
• 30:31
  In society, right? What is their role?
• 30:34
  That's a big question. You know, it kind of reminds me
• 30:36
  of like when Elon bought X. And he fired like 80% of the
• 30:40
  staff and X has been running better than ever before with 20%
• 30:45
  of the staff that it had before. You got to ask yourself, what is
• 30:48
  that extra 80% of the staff? What were they doing the entire
• 30:52
  time? And you see these crazy videos
• 30:54
  of like, you know, have you seen those videos Opti of like I'm my
• 30:58
  day, my my day of going to. Weather.
• 31:01
  Of like like like they show up at like 10:30.
• 31:05
  You literally push like 3 papers and do nothing all day.
• 31:08
  They show up at like 10:30. They like go and make a matcha,
• 31:12
  you know, they like, oh, it's work time.
• 31:14
  They work for an hour and it's like, oh, I got to get lunch,
• 31:17
  you know. And then there's like a, there's
• 31:18
  like a fitness center in the, you know, it's.
• 31:21
  Just sounds great. Yeah, it's.
• 31:23
  Phenomenal. I love it.
• 31:25
  No, guys, what are you? Talking about like I love it, I
• 31:27
  I think we should provide this especially for our politicians
• 31:32
  because this would no man, this will keep them busy so that they
• 31:35
  don't do all those sessions, you know, pass the crazy laws.
• 31:39
  We got to keep in mind that there is 2 percentage of
• 31:42
  population that's highly psychotic.
• 31:45
  If we do not organize political system for them and their little
• 31:50
  elections and everything else, these people will be running
• 31:53
  gangs, you know, So this way we get them into politics and then
• 31:59
  they're busy over there, you know, be being outraged going on
• 32:04
  Senate floor. But they're very important
• 32:06
  people. But it's working.
• 32:08
  We just need to take away the money printer for them because
• 32:12
  then they, they go on a election tour, say all the lies and now
• 32:16
  they're like, oh, I'm responsible to fix problems.
• 32:18
  It's like, no, no, no, no, leave us alone.
• 32:21
  You know, leave us individuals alone.
• 32:23
  We have it figured out. You just drink your maca and.
• 32:28
  What what you're saying? We, we are moving towards that
• 32:32
  system and it's just as soon as Bitcoin can enforce fiscal
• 32:36
  discipline on, on politicians and and governments, we'll all
• 32:41
  be better off. So they can't.
• 32:43
  I agree, I agree and and we'll be able to build them Asana and
• 32:47
  matcha machines, right? I I agree with Rockstar right?
• 32:50
  Like. AI girlfriends.
• 32:52
  Yeah, we need comprehensive adult day care with all the
• 32:55
  amenities. Perfect.
• 32:58
  No, let's go. Let's build it.
• 33:00
  All right, everybody, it's going to be a fantastic show.
• 33:02
  We have Rockstar in the house today.
• 33:05
  He's going to be talking about one of the latest things he's
• 33:07
  been working on. For anyone who doesn't know
• 33:11
  Rockstar, Rockstar is the Rockstar behind the BTC pay
• 33:15
  server. He's also contributed
• 33:17
  tremendously for many projects around the industry, many of
• 33:22
  which you know by name, but I don't know if Rockstar's
• 33:25
  comfortable with me name dropping a lot of them.
• 33:27
  But they humble. But Rockstar truly is a Rockstar
• 33:31
  dev, and we have the honor of having him on the show today and
• 33:35
  we're going to be talking about one of the latest things he's
• 33:37
  working on. So you guys are going to want to
• 33:38
  stay tuned and perhaps as we get into the discussion of the
• 33:41
  Bitcoin core verse knots because everyone's throwing mud at each
• 33:45
  other. Someone in the chat wrote
• 33:49
  Bitcoin university's going ham, by the way, shot.
• 33:52
  I love I love Matt great contact, but did he did he drop
• 33:57
  a video Adam back running malware?
• 34:02
  No, I. I would love to talk about that,
• 34:05
  especially because I was with Adam now in Nashville.
• 34:08
  It was a great summit with Kathy Wood on bitcoins.
• 34:11
  Yeah. Yeah, we could talk about that.
• 34:13
  Rod killed it bro. What was it the something?
• 34:17
  Imagine if. Imagine if yes, it's so good.
• 34:20
  So Rod, Rod and the Bitcoin Park team are crushing it.
• 34:24
  Anyways guys, it's going to be a fantastic show, so lock yourself
• 34:28
  in. We still got a ton of content
• 34:30
  for you guys, but before we jump into it, I do want to give a
• 34:34
  very special shout out to our lead sponsor.
• 34:38
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• 34:41
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• 35:54
  the show. We have tons to cover.
• 35:55
  We're going to be right back in just a bit.
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  All right everybody, we are back at the time of recording the
• 37:20
  Bitcoin prices $112,680 SAT's per dollar 887 block height
• 37:28
  916,061 realized monetary inflation .85% market cap 2.25
• 37:35
  trillion Bitcoin versus gold market cap 8.39% percentage
• 37:39
  issued 94.88%. All right, ladies and gentlemen,
• 37:43
  we're going to change it up today.
• 37:44
  We're going to take advantage of the fact that we got Rockstar
• 37:46
  Dev in the house and we're going to be talking about what he's
• 37:49
  been working on lately, and then we're gonna continue with the
• 37:53
  regularly scheduled programming. So, Rockstar, the the floor is
• 37:57
  yours, my friend. Let me pull up this thing.
• 38:01
  Here we go. Sam Rock protocol.
• 38:06
  Rockstar. I hear rock in the protocol.
• 38:10
  What is the Sam Rock protocol? What's up dude?
• 38:13
  So it's a protocol for exporting wallet descriptors.
• 38:18
  And the idea really came up during HRF event like Global
• 38:24
  Summit where following Nico yours Bitcoin or slavery, we saw
• 38:31
  that we need to make onboarding onto Bitcoin way easier.
• 38:36
  And the idea here is that really you have a BTC pay server to run
• 38:41
  your online shop donation page, anything like that.
• 38:46
  And that it can be hosted by some highly technical individual
• 38:51
  that can maintain one server but have hundreds of individuals
• 38:55
  have their shops on that server while funds arrive to their self
• 39:03
  custody. So the whole solution is non
• 39:06
  custodial. And what uncle has done over the
• 39:09
  past few months together with Samsung from Aqua wallet.
• 39:15
  Shout out to Samsung is just made this super easy.
• 39:20
  I I actually am curious if we can set up something also for
• 39:24
  simply Bitcoin, you know, maybe some merge drop or or something
• 39:28
  like that where you do bring up a BTC based server.
• 39:35
  Just go to Samrock protocol page, click generate QR code,
• 39:44
  boom. And then what you do after that
• 39:48
  is once you have the QR code, you scan it with your phone,
• 39:55
  mobile wallet, Aqua, install Aqua on the phone.
• 39:58
  And once you have payments over here, all those payments will
• 40:05
  not go to the server, they will go to your mobile phone.
• 40:09
  So. I don't know.
• 40:10
  What do you think Nico? Could we set something up where
• 40:14
  more funds arrive to you or we send the funds to Opti's phone?
• 40:19
  Yeah, send them to my phone. Let's OK that that's that's how
• 40:22
  we got to do it. Let's do it, Let's do it.
• 40:25
  So first, Rockstar, let's give a little bit of context for just
• 40:29
  the audio listeners. Yeah.
• 40:30
  And maybe the context is the story where we tried to set up
• 40:33
  our BTC pay server for our store and maybe we're just not smart
• 40:39
  enough and now it sounds like we we're going to be able to do.
• 40:42
  This again, yeah, but hold on, hold on.
• 40:44
  Let's let's let's kind of let's break it down.
• 40:46
  So Rockstar, what what is right now, what is the current state?
• 40:51
  And I think you're like the perfect person to answer this
• 40:54
  question. Like what is the current state
• 40:57
  of being able to pay someone in Bitcoin?
• 41:00
  Like what is the what is the technical requirements that they
• 41:03
  need to have? Is it difficult?
• 41:07
  The floor is yours. Like I just want to like, I just
• 41:10
  want everyone to understand why this is important because
• 41:12
  they're turning into simply Bitcoin.
• 41:14
  They're like, OK, who is this Rockstar guy?
• 41:16
  You know who's this Anon guy like.
• 41:19
  Why should people care? About this specific project,
• 41:22
  what is it? What is the problem that it's
• 41:24
  trying to solve? Man, it's because we all need to
• 41:29
  eventually switch to Bitcoin standard, right?
• 41:32
  Everyone needs to be able to send and receive Bitcoin in
• 41:38
  2017, Nico, we all had like you and me, we had the participation
• 41:43
  the whole block size wars. Before that, it was everyone
• 41:46
  will just be using on chain transactions, right in on chain
• 41:50
  transactions. They have this good property of
• 41:54
  when you're sending Bitcoin, it can arrive, it arrives to your
• 42:02
  wallet address and it can be on your phone.
• 42:04
  It can be in cold storage, it can be in, in stored in a in a
• 42:09
  good way. The The thing is though, we then
• 42:12
  had Lightning, right? And the first thing when
• 42:15
  Lightning started 2019-2020 was everybody is going to run a
• 42:19
  Lightning note. Well, five years later, it's
• 42:23
  obviously not happening, which is why man, This is why I was
• 42:28
  working so hard on technology over the years.
• 42:31
  Started with BTC pay server, but then I switched to strike and
• 42:36
  strike is something that people now use everyday and it's the
• 42:41
  great UIUX, great user experience, but it is custodial.
• 42:46
  What we need eventually is that everyone is still accepting
• 42:52
  Bitcoin, transacting on Bitcoin network, but it is self custody.
• 42:57
  Am I making sense, Nico? Absolutely making sense and, and
• 43:01
  I, I love how you broke you went through the history of it.
• 43:04
  And I think the history of it is super important Rockstar,
• 43:07
  because I think a lot of us had hopes and dreams of, of, you
• 43:12
  know, and I, I think a lot of it was idealistic of what, how, how
• 43:17
  Bitcoin was going to be used right And throughout the years,
• 43:20
  this has changed and I think the lightning is fantastic, but I
• 43:25
  think what a lot of people underestimated was yes, lighting
• 43:31
  is fantastic. If you use a custodial lighting
• 43:34
  wallet, you're right back where you started, aren't you?
• 43:39
  So you know, this is the problem that you know, people are trying
• 43:42
  to solve and it's not an easy problem to solve.
• 43:46
  And I think Rockstar, you're, you're in the vanguard of that.
• 43:48
  You're in the forefront of that. So we can truly live in this
• 43:53
  world that we want to live in because we really don't have a
• 43:57
  choice. It's it's really Bitcoin or
• 43:59
  slavery. And I think people have to
• 44:01
  understand that as much as we love certain custodians, even if
• 44:06
  they start from the most idealistic, you know, morally
• 44:12
  grounded positioning, at the end of the day, if they're going to
• 44:18
  inevitably, if they get big enough, they're inevitably going
• 44:21
  to get pressured. This is what happened to all the
• 44:24
  banks, by the way. The banks don't like it.
• 44:27
  It this was the original vision to to kind of give everybody
• 44:30
  context, a little bit of history to the original vision for
• 44:34
  PayPal was much better than the vision, the vision for PayPal
• 44:38
  today. PayPal was Frankenstein because
• 44:42
  of regulations and government. PayPal was not meant to be this
• 44:47
  kind of, you know, a lot of people have bad experiences with
• 44:51
  PayPal. They have their payments
• 44:53
  rejected, they have their accounts closed.
• 44:55
  That's due to regulation. That's not due to free the free
• 45:00
  market and you know, the free market doing what the free
• 45:02
  market does. And I think what bitcoiners have
• 45:05
  come to the realization right there you go how how Peter Thiel
• 45:10
  almost created Bitcoin. What people have come to the
• 45:13
  realization is that listen, as long as there is a custodian, as
• 45:18
  long as there's a middle man, that middle man, that custodian
• 45:22
  will inevitably be Co opted. It will be corrupted.
• 45:27
  The only solution is peer-to-peer money.
• 45:31
  If you have peer-to-peer money backed by a truly decentralized
• 45:36
  protocol, that's the only thing that will be able to resist the,
• 45:44
  the pressure and because it's a tremendous amount of power from
• 45:49
  being able to, to, to control those middle men.
• 45:52
  Anyways, Rockstar I I don't know if that helped at all or added a
• 45:56
  little bit of context. No, it, it, it adds tons of
• 45:59
  context and it's a huge motivation Why I'm why I'm doing
• 46:03
  this, man. What I'm doing with the coding
• 46:06
  is because I have specific technical skills and to me as a
• 46:12
  cipher punk, it's extremely motivating that code that I
• 46:15
  produce and tools that I produce are then used by individuals
• 46:19
  around the world to fortify and expand their individual freedom.
• 46:25
  Like that's, that's what it's all about.
• 46:28
  And Samrock is is just one of those efforts I've done because
• 46:36
  Opti set it, you know, you guys try to set up BTC pay server,
• 46:40
  it's a couple of hours. You do like set up a lightning
• 46:44
  node, then you need to manage liquidity, then liquidity runs
• 46:48
  out. But with this you have none of
• 46:51
  that. Someone else can even run there.
• 46:55
  We go particular set of skills. Man, you just have someone run a
• 46:59
  BTC pay server. It doesn't even need to be you.
• 47:02
  You download Aqua wallet on your phone, click button, scan AQR
• 47:09
  code, boom, funds are now arriving to to your mobile
• 47:13
  phone. And we got to keep improving UI
• 47:16
  UX because man, you, you 2 are technical.
• 47:20
  I will say you are technical. Imagine for people that are not
• 47:25
  technical as you and we, we got to on board those people as well
• 47:29
  on Bitcoin. Absolutely 100% man.
• 47:33
  And. It's it's like you reference
• 47:35
  Peter Thiel. That's a that's a great
• 47:38
  reference. And and I think we got to move
• 47:40
  in the direction of world where we don't have rulers, we have
• 47:45
  rules. So it's like rules, not rulers,
• 47:48
  world of protocols where all this crazy bureaucracy is, is
• 47:53
  taken out. We have protocols, hopefully
• 47:55
  open source, and then individuals can can live a life
• 48:03
  they want. Maximum individual freedom
• 48:07
  rules, not the rulers. Amen to that.
• 48:09
  I love that, love that guys. Rockstar, where can people find
• 48:13
  out more about this? How can they download it?
• 48:18
  How can you know? How can they start kind of
• 48:21
  experimenting with this? Is it just a matter of
• 48:23
  downloading the Aqua wallet? Downloading the Aqua wallet,
• 48:28
  having an account on on BTC pay server instance, which I can
• 48:35
  provide I guess for for people that want to run shops.
• 48:37
  But the easiest way is just after this episode, I'm going to
• 48:42
  send post. By the way, secret to happiness
• 48:46
  in life is send tweet or send post.
• 48:49
  So I'm going to send post, summarize everything we talked
• 48:52
  about and then get people to use it and get yeah, get them on
• 49:00
  board it so that they. Yeah.
• 49:03
  Let it go. Boom, boom, boom.
• 49:06
  Anyways, Rockstar Dev, thank you so much for joining us on Simply
• 49:11
  Bitcoin. Wait, wait, wait.
• 49:12
  Do you have another minute, Rockstar?
• 49:14
  Do you have another? Minute.
• 49:15
  Yeah, we need to. Answer the comments.
• 49:17
  Yeah, yeah, the chat really wants to know your thoughts on
• 49:20
  the core verse knots. Oh, oh, oh, OK, OK.
• 49:23
  See, that's another example of complexity we're in, man,
• 49:29
  because Bitcoin Core is changing the behavior of the network.
• 49:36
  And that's the part that uncle doesn't love.
• 49:39
  It's the whole what we, we, we have a new elite that gets to
• 49:44
  decide what you as user should run is like.
• 49:47
  No, I, I think we should go beyond that.
• 49:50
  And this is where I absolutely support individuals that are
• 49:54
  like my node, my rules and what whatever anyone is saying that
• 50:01
  this is not, you know, oh, it's just a parameter.
• 50:05
  Oh, it's just this, Oh, it's just that like you're changing
• 50:08
  behavior of the network and we we don't want that.
• 50:14
  We want Bitcoin as an opt in system.
• 50:17
  We don't want you're automatically opted out like
• 50:21
  it's in, in, in Fiat society where just by the fact that you
• 50:25
  are born, suddenly you're becoming a taxable serf of
• 50:28
  certain government. You know, you, you, you got to
• 50:31
  opt in into everything. You as individual have some
• 50:35
  inalienable rights and let let's just keep going towards building
• 50:40
  a world where everything is opt in for individual and more optis
• 50:47
  that that's. More, more optis love it.
• 50:51
  All right, everybody well, this was the one the only Rockstar
• 50:54
  dev go give him a follow on Twitter.
• 50:57
  We have his handle on the screen right now and go support his
• 51:01
  work. He's making Bitcoin, the use of
• 51:04
  Bitcoin easy for everyone, not just people that are technical.
• 51:10
  And this is what it's all about. Bitcoin is for anybody.
• 51:14
  Anyways, Rockstar, thank you so much for joining us on on
• 51:16
  today's show. Really appreciate it homie.
• 51:18
  Thank you for having me anytime see you.
• 51:21
  Take it easy dude. Alright everybody, we have a.
• 51:24
  Fantastic show lined up for you guys.
• 51:26
  We have tons to cover still. We got the new segment lined up
• 51:30
  for you guys. We got some videos to play, some
• 51:34
  interesting things to cover. Dennis Porter made an
• 51:37
  announcement. Apparently we have a.
• 51:41
  Someone running the? First Governor is running on a
• 51:47
  Bitcoin platform, which I find that quite interesting.
• 51:51
  So we have the video of that. Dennis Porter made a huge
• 51:55
  announcement about it this morning.
• 51:58
  And I think we're gonna start to see more and more of this the
• 52:03
  more and more of, of, of, of people that are running on the
• 52:06
  Bitcoin platform. Regardless of political party.
• 52:09
  I'm happy that the candidate is a Democrat because I've been
• 52:15
  saying like for I've been, I've been saying that, I've been
• 52:26
  saying that I've been saying that Bitcoin is bipartisan.
• 52:30
  I've been saying that Bitcoin is not for the red team or the blue
• 52:35
  team that bitcoins for anybody for a while now.
• 52:39
  So I'm really glad that there's a Democrat that's really pushing
• 52:43
  forward the kind of Bitcoin platform in California, which is
• 52:48
  happens to be one of the bluest states in the country, right.
• 52:52
  So we're going to be playing his campaign video.
• 52:55
  Dennis was making a big deal about this announcement for the
• 52:58
  last couple of days on X and some people feel a certain way
• 53:03
  about it. I personally feel like it is a
• 53:05
  big deal because imagine if we have more governors that are
• 53:10
  running on, you know, on, on the Bitcoin platform that that's how
• 53:16
  you win. Like this is a grassroots
• 53:17
  movement fundamentally at the end of the day.
• 53:20
  So it is kind of breaking news and then Alti's got the culture
• 53:25
  segment lined up. So we still have a fantastic
• 53:27
  show ahead of ahead and you guys don't want to want to smash that
• 53:32
  like button. We still got a lot to cover.
• 53:34
  We're going to be right back in just a bit.
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  All right, everybody, let's check out this.
• 55:32
  Dennis Porter had a massive announcement this morning.
• 55:36
  Very divisive. A lot of people feel a certain
• 55:40
  way about it. I personally, I'm a big fan of
• 55:42
  Dennis. I I think he's done a great work
• 55:47
  in terms of pushing forward the strategic Bitcoin initiatives in
• 55:53
  on the state level. And, you know, I think the
• 55:58
  states are going to be the first ones that are really going to
• 56:02
  potentially, you know, launch strategic Bitcoin reserves.
• 56:07
  And I think Dennis has been in the forefront of that.
• 56:10
  So anyways, this is his massive breaking, extremely pro Bitcoin
• 56:16
  Canada officially declares candidacy for governor of
• 56:19
  California, declare support for strategic Bitcoin Reserve.
• 56:23
  I think this is a big deal. And let's see who that candidate
• 56:27
  is. His name is Ian.
• 56:29
  Is how you say it, Ian. Ian.
• 56:31
  It's Ian. Ian Ian Calderon, a candidate
• 56:36
  for governor of California, former Majority Leader of the
• 56:40
  California State Assembly, founder and CEO of Majority
• 56:46
  Advisors. Love my kids, My wife is rad.
• 56:51
  So yeah, let's check out his his his campaign announcement.
• 56:58
  Something's broken in California.
• 57:00
  Gas prices going up again. The state's housing crisis.
• 57:04
  At the cost of everything only getting worse.
• 57:06
  We're working harder than ever but still feel like we can't
• 57:09
  catch up. For too many families, the
• 57:12
  California dream has become a story we tell, not a reality we
• 57:15
  live he. Had the cost of everything only
• 57:17
  getting worse as groceries, gas and keeping a roof over your
• 57:20
  head increase for Californians across the state?
• 57:23
  What if I told you that living in California doesn't have to be
• 57:25
  this hard? That we can make life more
• 57:28
  affordable, homes more attainable, and opportunity
• 57:31
  possible again. I was the first millennial ever
• 57:35
  elected to the California legislature, the youngest
• 57:37
  Majority Leader in our state's history.
• 57:40
  At the height of my political career, I made a different
• 57:43
  choice. I walked away to focus on my
• 57:45
  family. For the last five years, I've
• 57:47
  been raising my kids, building a business, and living in the real
• 57:51
  world, watching everyday life in our state get harder.
• 57:54
  For families like mine, child care costs are out of control.
• 57:58
  Paychecks aren't keeping up with the cost of living.
• 58:00
  Gas prices are the highest in the nation and now buying a home
• 58:03
  is becoming out of reach. And a stunning new look at just
• 58:06
  how many homes in your neighborhood are owned by Wall
• 58:09
  Street companies while. Corporations and foreign
• 58:11
  investors scoop up entire neighborhoods.
• 58:14
  Investment companies are preventing local families from
• 58:17
  attaining home ownership opportunities.
• 58:19
  California is not doing enough for us.
• 58:23
  My generation pays bills on our phones, we send money to each
• 58:26
  other with Venmo, and we save in Bitcoin.
• 58:29
  But the people running our government, they're trying to
• 58:31
  use yesterday's ideas to solve today's problems, and it isn't
• 58:35
  working. Our problems sure as hell aren't
• 58:37
  going to be solved by listening to Democrats and Republicans
• 58:40
  fighting in Washington DCI. Think your fake eyelashes are
• 58:43
  messing up with you? I'm trying to get clarification.
• 58:47
  I'm a Democrat, but I don't take marching orders from anyone and
• 58:50
  I certainly don't always agree with my party.
• 58:53
  And that's OK. In this House, we don't always
• 58:55
  agree on everything. I'm a Democrat who believes in
• 58:59
  working families, small businesses and common sense
• 59:03
  solutions, not the political extremes holding California
• 59:07
  back. California should be the best
• 59:10
  place in the world to raise a family, buy a home and build a
• 59:13
  future. But to get there, we need a new
• 59:16
  generation of leadership when that listens, adapts, gets
• 59:21
  results. I'm in Calderon and I'm running
• 59:24
  for governor. Join us at en2026.com for new
• 59:28
  generation of leadership. All right, all right, all right,
• 59:33
  all right, Thoughts, thoughts, thoughts and feelings.
• 59:36
  Thoughts and feelings. OK, so I just I, I come from a
• 59:47
  different school of thought where you know, less government
• 59:53
  is solution to make things. Better.
• 59:57
  People to their own devices, you know, and the more freedom
• 1:00:03
  people have to make their own choices, the more free the
• 1:00:06
  market is, you know, the the more prosperity of society will
• 1:00:12
  have. I'm from Florida and it's dope
• 1:00:18
  and, you know, friendly business environment, less regulations,
• 1:00:24
  strong Second Amendment protections and, you know,
• 1:00:31
  strong First Amendment protections as well.
• 1:00:35
  So I, I, but I, I, I do love the fact that he, you know, that he
• 1:00:43
  is, you know, open to Bitcoin pro Bitcoin.
• 1:00:48
  And I think that that is, I think that is going to fix
• 1:00:54
  things in and of itself where I think I have a little bit of AII
• 1:01:01
  always get cautious when I hear politicians saying, hey, I'm
• 1:01:06
  going to fix things, right, 'cause I think like
• 1:01:10
  fundamentally, like I think, I think, I think government breaks
• 1:01:17
  things more than it fixes things.
• 1:01:19
  I think it's not productive. It doesn't, it doesn't generate
• 1:01:23
  revenue. Entrepreneurs generate revenue,
• 1:01:27
  right? Like people fix problems.
• 1:01:29
  Like that's just, that's my end of that's my philosophy.
• 1:01:33
  That's the way that I look at the world.
• 1:01:37
  So, and that's where that's the only thing where like I'm like
• 1:01:40
  cautious about the whole thing where it's like, hey, vote for
• 1:01:42
  me, I'm going to fix all your problems.
• 1:01:46
  But he did mention Bitcoin. I think that's good.
• 1:01:49
  And he did, according to Dennis, he did mention how he's going to
• 1:01:54
  make, you know, it's going to make California have a strategic
• 1:01:58
  Bitcoin reserve, which I don't know how you feel about that.
• 1:02:01
  Do you think that's a good thing?
• 1:02:04
  Wait, could you pull up that that tweet from Dennis?
• 1:02:09
  The state of California has introduced a bill to make.
• 1:02:12
  No, that was the back in 2022. 2022, yeah, that.
• 1:02:16
  Was a long time. Ago.
• 1:02:17
  I mean, he does have this tweet. California should make yeah,
• 1:02:22
  like I love that I'll vote for him any day if that happens.
• 1:02:28
  So yeah, I mean it's it's it's Bitcoin over party.
• 1:02:31
  I've I've said this like thousands of times.
• 1:02:34
  I think my only gripe with like political commercials and stuff
• 1:02:39
  is like when it's kind of always like, hey, like, you know, we'll
• 1:02:43
  solve your problems. Like that.
• 1:02:45
  That to me is like where like I, I always have like a problem
• 1:02:49
  with that because politicians won't solve your problems.
• 1:02:52
  You will solve your problems, right?
• 1:02:54
  Expecting the government to solve the the, the expecting
• 1:02:58
  government to to solve housing prices and like gasoline prices
• 1:03:05
  are just that. I don't know it it like it kind
• 1:03:10
  of it's contradictory. And anyways, Ian said enjoy
• 1:03:15
  spending time with Dennis Porter and his team in DC building
• 1:03:17
  bipartisan support for Bitcoin. All agree digital assets are now
• 1:03:21
  here to stay. Now it's just a matter of of
• 1:03:24
  working on the right balance between access right to self
• 1:03:28
  custody and responsible consumer protections.
• 1:03:31
  Bullish on the future. I mean, I love that like right
• 1:03:33
  to self custody. I think that's fantastic.
• 1:03:38
  I don't know what balance there is, but shout out to Dennis.
• 1:03:44
  I mean, this is, this is great, this is fantastic.
• 1:03:49
  I wonder how his party's going to react to that.
• 1:03:51
  Yeah, that's the big thing and that's where I take this.
• 1:03:56
  I'm, I'm, I'll hold off my cynicism at 1st and I and I will
• 1:04:00
  give credit where it's due. It's something that Nico and I
• 1:04:03
  have been saying on the show and Nico was the first one to kind
• 1:04:06
  of explain this to me. We do want to see Bitcoin become
• 1:04:10
  a bipartisan thing, like we don't want it to be a partisan
• 1:04:13
  issue. And so this is a big move right
• 1:04:17
  now in the sense that it's, it's starting to cross the, the party
• 1:04:21
  lines here. And obviously we believe that
• 1:04:23
  everyone should be holding Bitcoin.
• 1:04:25
  We believe it's for anyone. I, I believe every American
• 1:04:29
  should be holding Bitcoin. And so I do love to see that,
• 1:04:32
  you know, this Democrat here in particular and hopefully others
• 1:04:37
  in his party are starting to embrace Bitcoin and realize if
• 1:04:40
  they aren't adopting Bitcoin or at least not fighting Bitcoin,
• 1:04:43
  they're going to get left behind.
• 1:04:44
  So at least they're a adapting to this.
• 1:04:46
  And as we've been saying for a while, it's no longer a partisan
• 1:04:49
  issue. For a while there, I was showing
• 1:04:52
  you guys a bunch of different examples from different
• 1:04:54
  headlines, essentially showing that a lot of people will be
• 1:04:57
  getting turned off on Bitcoin because of the Trump family
• 1:05:00
  going so hard into Bitcoin. And they were kind of making
• 1:05:02
  this is like a MAGA issue or a Republican issue.
• 1:05:06
  And now we're seeing this, you know, governor, Governor, how do
• 1:05:11
  you say it? Governor candidate, a governor
• 1:05:14
  isn't a governor real. I don't know this this guy
• 1:05:17
  trying to be the the governor of of California embracing Bitcoin
• 1:05:22
  and seemingly making this a part of his campaign.
• 1:05:25
  Now, I think he's probably got an uphill battle fighting or,
• 1:05:30
  you know, competing against Gavin Newsom.
• 1:05:32
  Gavin Newsom has a huge foothold in California, for better or
• 1:05:36
  worse. And obviously, as you can tell
• 1:05:38
  from my Valley girl accent, you, you might have a guess where I
• 1:05:42
  originally came from. So I would love to see him
• 1:05:45
  actually be able to turn around California because it is it is
• 1:05:50
  not doing that well and it is doing a lot of things that I
• 1:05:53
  personally disagree with. But with the his track record on
• 1:05:57
  Twitter seems pretty good. He's been in the trenches for a
• 1:05:59
  while aisle fighting for Bitcoin.
• 1:06:01
  He does see what is going on. So hopefully this does, even if
• 1:06:05
  he doesn't end up the governor, the new governor of California,
• 1:06:09
  hopefully it does open up the conversation and more people
• 1:06:12
  start to embrace Bitcoin and I'm sure Bitcoiners will rally
• 1:06:16
  around him just because he is a Bitcoiner.
• 1:06:19
  Now, of course, as we say all the time, we I think Bitcoin is
• 1:06:23
  above political parties like Bitcoin is supersedes all of
• 1:06:26
  that. It transcends the political
• 1:06:28
  aisles and as as long as you're embracing Bitcoin, then I'm kind
• 1:06:32
  of OK with you. I think there is a certain
• 1:06:35
  aspect of unity here that hey, if you embrace Bitcoin, it
• 1:06:38
  doesn't matter what side of the aisle you're on.
• 1:06:40
  You know, you're you're in the crew with us now.
• 1:06:42
  I think as we get more and more details, it is going to be very
• 1:06:47
  interesting to kind of breakdown what exactly as part of his
• 1:06:51
  legislation, what exactly he wants to do.
• 1:06:53
  But it does sound like he wants to have a strategic reserve for
• 1:06:56
  California itself. And on that question, it's it
• 1:06:59
  always been the same. I think every state will
• 1:07:02
  probably have a strategic Bitcoin reserve.
• 1:07:04
  If they want to be competitive moving forward, they have to
• 1:07:07
  have a strategic Bitcoin reserve that's just like the end all,
• 1:07:11
  you know, final destination of all this is you need to hold
• 1:07:14
  Bitcoin. Everyone, every institution,
• 1:07:17
  every state, every country will eventually hold Bitcoin and
• 1:07:20
  you're better off adopting this upfront.
• 1:07:23
  Now, I think my more cynical stuff here is just how hyped up
• 1:07:26
  this was. And then you're like, OK, this
• 1:07:30
  you know, you're throwing you're you're pushing your weight
• 1:07:32
  behind a a governor candidate. You can do what you want and
• 1:07:38
  that's cool. All, all cool by me, but like
• 1:07:42
  some of the tweets by Dennis and I love Dennis.
• 1:07:44
  I, I fully respect Dennis's work.
• 1:07:47
  It seemed a little overhyped, but he's just really good at
• 1:07:49
  marketing and I love that. So hey, another, another person
• 1:07:53
  out there that is trying to hype a Bitcoin and get as many
• 1:07:56
  eyeballs on it as possible. And I think this is all good.
• 1:07:59
  We will see what happens eventually and, and what the,
• 1:08:03
  you know, outcome of this actually is.
• 1:08:06
  And and my last kind of joke here in trolling is I need to
• 1:08:10
  see more, more more footage of him surfing.
• 1:08:12
  If if I'm not actually a 11 issue voter like Nico, my 1
• 1:08:16
  issue that would be the defining thing is if you're going to say
• 1:08:22
  you're a surfer. I need to see some more videos
• 1:08:24
  bro I. Mean he was waxing the board.
• 1:08:26
  Oh my God, he was. Waxing the board he was
• 1:08:29
  watching. He did drop in on a wave.
• 1:08:31
  I'll I'll give him that much, but I I need to see what he
• 1:08:34
  looks like riding the way we. Got a fellow Bitcoin YouTube in
• 1:08:38
  in the chat. Dude I'm sorry.
• 1:08:41
  I'm sorry bro, I can't pronounce that.
• 1:08:45
  Passive passive passive passive passive.
• 1:08:50
  Anyways, go this guy. A follow He's a Hungarian
• 1:08:53
  Bitcoin channel. He's got 20K Subs.
• 1:08:56
  Go give him a follow. Ladies and gentlemen, we got.
• 1:08:58
  We need more Bitcoin content creators internationally.
• 1:09:02
  Anyways, yeah, there it is, Gubernatorial.
• 1:09:05
  There we go. Gubernatorial Elaine coming in
• 1:09:08
  hot. There we go.
• 1:09:09
  Dropping the sauce, dude. Wait, could you put up Elaine?
• 1:09:12
  Elaine, that comment, Nico, what does it say?
• 1:09:15
  Nico, are you changing your love of Trump?
• 1:09:18
  No, I love Trump. I think Trump's doing great for
• 1:09:20
  Bitcoin. Wow, I might, I yeah, the rain
• 1:09:23
  dropped some stuff that I'm going to cover right now that
• 1:09:27
  we, we got to, we got to put, put put their foot to the fire
• 1:09:30
  here. But Nico does love Trump.
• 1:09:33
  I mean, I love Trump as a person.
• 1:09:35
  Not the biggest MAGA guy, but you know.
• 1:09:38
  Oh, what? What is something wrong with the
• 1:09:40
  Internet? I don't know, a little pixelated
• 1:09:43
  on our. Pixelated Oh yeah Oh yeah are we
• 1:09:48
  still here are we still here, guys, can you still hear us Are
• 1:09:52
  we still alive I. Think we're back OK?
• 1:09:55
  Oh, no, Oh no. What's going on?
• 1:09:57
  Let me know. Hit me in the chat.
• 1:09:59
  Can you see us? Are we still here?
• 1:10:02
  Gubernatorial. Gubernatorial.
• 1:10:05
  Is that OK? They're saying lag.
• 1:10:07
  All right, The Internet's acting up on us for some reason.
• 1:10:12
  OK, all right. Well, anyways, we're going to
• 1:10:16
  hit the culture and we're going to we're.
• 1:10:18
  Going to try to fix it. We'll be right back, ladies and
• 1:10:21
  gentlemen. I want to give a shout out to
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  You know, some people are giving us heat.
• 1:12:29
  Sorry, can't support as simply Bitcoin anymore.
• 1:12:31
  Nico, What full damn support in California?
• 1:12:34
  Did you not hear all my hesitations?
• 1:12:37
  Like I was very hesitant. I was very hesitant.
• 1:12:40
  I'm not a big fan of big government.
• 1:12:42
  I'm not a big fan of government solutions, bro.
• 1:12:47
  Damn it's so divisive. I can't with the midterm I think
• 1:12:51
  like I was. Going to cover something, but
• 1:12:53
  this might just be the. Top this is the culture.
• 1:12:55
  Midterms are going to be spicy as hell.
• 1:12:57
  Like God. Damn man.
• 1:12:59
  Yeah. Read.
• 1:13:00
  Reread that tweet. Reread.
• 1:13:02
  That. Tweet Rock start coming in.
• 1:13:05
  Rock start coming in with the support.
• 1:13:07
  I appreciate it bro, but like should I pull it up?
• 1:13:10
  Let me pull it up. Let me pull this up.
• 1:13:13
  God damn dude. Wow, Nico.
• 1:13:15
  Hey, that's funny, man. I'm.
• 1:13:23
  Glad you find it funny bro. This is hilarious.
• 1:13:27
  Let's see, let's see. AJ shouts out to AJ.
• 1:13:32
  Here, let me pull this up long. All right, all right so for the
• 1:13:38
  audio listeners, sorry can't support ASP anymore and he go in
• 1:13:42
  full damn supporting Cali not going to do it.
• 1:13:45
  Sorry, I am some. Bro you heard me like criticize
• 1:13:52
  his campaign video. Yo got lost in the side.
• 1:13:57
  Like oh man, you heard me criticize his campaign video in
• 1:14:01
  like like 3 different ways. Like you heard my hesitancy.
• 1:14:06
  Appreciate the support and love Rockstar.
• 1:14:10
  You heard my you heard literally you heard my hesitancy towards
• 1:14:15
  the video. I told you guys that big
• 1:14:17
  government is not the solution, that I like individual freedoms
• 1:14:22
  and that I love Florida. And if that's what you got from.
• 1:14:29
  You know, you know what's really funny about this, Nico, is if
• 1:14:32
  you go back and rewind this, I was probably way more favorable
• 1:14:36
  to. This than you would and you get
• 1:14:39
  caught out for yo dude is this this is audience capture bro.
• 1:14:44
  This is what it's. About.
• 1:14:45
  Well, This is why you gotta. This is what it's about.
• 1:14:48
  I guess this is this is where we break out, break out of the echo
• 1:14:53
  chamber here, I guess. Nico, it's too soon.
• 1:14:55
  It's too. Soon.
• 1:15:01
  It's too soon. We got it.
• 1:15:02
  We got it. We got to be inclusive in the
• 1:15:04
  messaging. We support freedom, individual
• 1:15:10
  liberty, the Second Amendment, and small government.
• 1:15:15
  Maybe. Maybe he doesn't know what that
• 1:15:16
  means. And Bitcoin and Bitcoin.
• 1:15:22
  It's so clear what you're saying, but and any candidate
• 1:15:26
  that supports those things, we support as well.
• 1:15:30
  Oh man. This is so.
• 1:15:32
  Funny. No, I don't know how, I don't
• 1:15:34
  know how clear cut AFTI wants to go full.
• 1:15:38
  I I would say a lot of other things.
• 1:15:41
  Oh. Man.
• 1:15:45
  Dude, anyone that's embracing Bitcoin is on team Bitcoin.
• 1:15:48
  Whether you believe in their politics or not is besides the
• 1:15:50
  point. You need more people embracing
• 1:15:52
  Bitcoin. So I stand with Nico on this.
• 1:15:55
  It's not like we may have our own views here and you may not
• 1:15:58
  agree with this guy, but if he's embracing Bitcoin and he is, you
• 1:16:03
  know, putting that target on his back 'cause obviously, as we've
• 1:16:06
  been covering here on the show for a long time, the Democrat
• 1:16:11
  Party has not been favorable towards Bitcoin.
• 1:16:13
  Obviously, they're not a monolithic entity and there are
• 1:16:17
  dissenting voices here. But you got to give this guy
• 1:16:20
  props for what what he did by doing this.
• 1:16:23
  As much as I was cynical about and I and I was trolling and
• 1:16:27
  laughing about Dennis Porter's kind of hype tweets about it, As
• 1:16:30
  Nico mentioned, this is the first governor to embrace
• 1:16:34
  Bitcoin. Now, whether he's in the
• 1:16:36
  political party that you agree with is totally besides the
• 1:16:39
  point. He is embracing Bitcoin.
• 1:16:42
  He's making it a part of his campaign.
• 1:16:43
  Now, will he actually have a chance to beat Newsome?
• 1:16:46
  It's probably a totally different conversation.
• 1:16:48
  Whether you agree with his politics is a totally different
• 1:16:51
  conversation. The fact that he came out as a
• 1:16:53
  Bitcoiner is super important, and we do need more people to do
• 1:16:57
  this. As I've been covering on the
• 1:16:59
  show and I just said it, we've been seeing the trend in all of
• 1:17:04
  the news media and all of the corporate press essentially
• 1:17:07
  trying to label Bitcoin as a Republican talking point, as a
• 1:17:11
  partisan issue. We need everyone holding
• 1:17:15
  Bitcoin. So maybe you don't like this
• 1:17:17
  guy's politics. That's a that's, you know,
• 1:17:19
  totally, totally favorable. Like that's totally justified.
• 1:17:23
  But the fact he's embracing Bitcoin is definitely, he's on
• 1:17:27
  team Bitcoin. Now obviously you can scrutinize
• 1:17:29
  what he's saying and what his beliefs are, but him embracing
• 1:17:32
  Bitcoin and embracing the future, embracing technology
• 1:17:36
  like this is good for everyone here.
• 1:17:39
  I I look there's a. Comment at the at the end.
• 1:17:41
  Look, I'm gonna I'm Max Kaiser's quote, all right?
• 1:17:45
  You don't change Bitcoin, Bitcoin changes you like.
• 1:17:48
  All you got to do is you got to get people to take the orange
• 1:17:51
  pill. That's why we're so focused on
• 1:17:55
  on not party, but it's not about.
• 1:17:58
  Party. It's about how you how you.
• 1:18:01
  Look, what is your stance towards Bitcoin?
• 1:18:06
  Are you pro Bitcoin? Are you anti Bitcoin?
• 1:18:08
  Are you pro CBDC? Are you anti CBDC?
• 1:18:12
  Everything else will take care of itself.
• 1:18:14
  Everything else will take care of itself.
• 1:18:16
  You don't even you don't even need to fight the fight and
• 1:18:20
  scream at the other side and do this and do that.
• 1:18:23
  You don't need to do any of. That you just.
• 1:18:26
  Got to get someone to take the orange pill and then when they
• 1:18:29
  take the orange pill. They're obviously gonna want
• 1:18:33
  their bags to do well. So they're gonna want people to
• 1:18:37
  take self custody, they're gonna want positive Bitcoin
• 1:18:40
  regulation, right? You don't need to go and
• 1:18:43
  directly attack from the front people's differing ideological
• 1:18:49
  opinions like that. That is like that is the divide
• 1:18:53
  and conquer method. Like it's so divisive and
• 1:18:57
  nothing gets done. Like when when one party gets in
• 1:19:00
  power, then the like the other part, it's just it's like.
• 1:19:03
  It's just like goes back and forth.
• 1:19:05
  But regardless of what party gets in power, the the
• 1:19:08
  fundamental issue doesn't get changed.
• 1:19:10
  Like he said, something about housing and and, and, and gas
• 1:19:14
  being too expensive. The reason gas and housing is
• 1:19:18
  too expensive is because they're printing money, right?
• 1:19:21
  Like this is the thing that Bitcoin fixes.
• 1:19:23
  Bitcoin fixes this fundamental problem without the need for a
• 1:19:27
  politician. What we want is Bitcoiners is we
• 1:19:31
  want a pro Bitcoin candidate because if you have a pro
• 1:19:34
  Bitcoin candidate, that means from the regulatory angle,
• 1:19:38
  they're going to leave you alone.
• 1:19:40
  And if you leave Bitcoin alone to its own devices, Bitcoins
• 1:19:44
  going to do its thing and it's going to prove to the world that
• 1:19:46
  it's better money. And then more people adopted as
• 1:19:48
  better money and then more people escape the inflationary
• 1:19:52
  rat race. That is what your life is like
• 1:19:56
  when you live on a Fiat standard.
• 1:19:58
  So I, you know, from a political standpoint, I just want more and
• 1:20:02
  more people to be pro Bitcoin, whether they are Republican or
• 1:20:06
  Democrat, it doesn't matter to me.
• 1:20:08
  Because if you have pro Bitcoin regulation, you're going to
• 1:20:12
  create an environment where Bitcoin entrepreneurs thrive,
• 1:20:15
  where Bitcoiners can live without the fear of persecution
• 1:20:19
  or being thrown in a. Box.
• 1:20:21
  And Bitcoin's gonna win because it's better money.
• 1:20:24
  That's what I want. I, I don't care whether that
• 1:20:26
  person comes from team Red or team Blue.
• 1:20:30
  Now, the reason that we were trying to like literally, you
• 1:20:34
  know, talk very positively about this person is because that
• 1:20:40
  specific party has not been positive towards Bitcoin.
• 1:20:44
  So the fact that you have somebody on that side of the
• 1:20:48
  aisle that has the balls to stand up and be run on a pro
• 1:20:53
  Bitcoin platform and say stuff like I want to make Bitcoin the
• 1:20:58
  legal tender of California. As a bitcoiner, I'm like, that
• 1:21:02
  is fantastic. That's great because all the
• 1:21:06
  other political stuff will take care of itself.
• 1:21:09
  You can't have big government without a money printer.
• 1:21:13
  You can't have it. It's impossible, right?
• 1:21:16
  You want more freedom, You want a, you want a government on a
• 1:21:20
  Bitcoin standard. It's as simple as that.
• 1:21:24
  A government on a Bitcoin standard is going to have
• 1:21:26
  constraints on spending. They're not going to be able to
• 1:21:29
  print money. So if they can't print money,
• 1:21:33
  they can't buy boats. I mean, they can't buy boats.
• 1:21:35
  They can't. Buy boats either.
• 1:21:37
  They can't. They can't incentivize people to
• 1:21:39
  vote for them. If you can't print money, you
• 1:21:43
  know you can't run the social programs, you can't spend more
• 1:21:48
  than what you collect in tax revenue. the United States
• 1:21:50
  currently spends 2 trillion. That's more than the GDP of most
• 1:21:55
  countries on planet Earth. Then it collects in tax revenue.
• 1:21:59
  That's that's how much it spends.
• 1:22:01
  So again, you're going to have government automatically becomes
• 1:22:08
  limited the moment they lose the money printer.
• 1:22:13
  The government is going to shrink the moment they lose the
• 1:22:16
  money printer. That is not a a political
• 1:22:19
  opinion. That is not a ideological
• 1:22:23
  opinion. That is just economics.
• 1:22:26
  They're not going to be able to fund this massive administrative
• 1:22:31
  state. They're not going to be able to.
• 1:22:34
  They're going to be constrained by revenue, and if they're only
• 1:22:40
  constrained by tax revenue, then they could only grow so big.
• 1:22:44
  If a government could only grow so big, the big, the bigger the
• 1:22:48
  government, the less freedom you have.
• 1:22:51
  The bigger the government, the less freedom you have, because
• 1:22:55
  the bigger the government, the more they need tax revenue in
• 1:23:01
  order to sustain itself. That that's it.
• 1:23:05
  It's as simple as that, right? And prosperity doesn't come from
• 1:23:09
  big government solution doesn't come from big government
• 1:23:12
  solution comes from entrepreneurs and individuals
• 1:23:16
  taking agency and risks to solve problems.
• 1:23:20
  That's, that's, that's, that's like it.
• 1:23:23
  It's, it's just common sense. So again, I, I don't care
• 1:23:28
  whether they're on team red or they're on team blue.
• 1:23:31
  If they support Bitcoin, if they're saying I'm going to get
• 1:23:35
  out of the way, I want Bitcoin as legal tender in my state.
• 1:23:39
  I don't care whether the Republican or Democrat, they're
• 1:23:43
  going to act in my best interest.
• 1:23:45
  They're going to act in your best interest as, as, as a
• 1:23:47
  bitcoiner. All the ideological stuff goes
• 1:23:50
  out the window. The reason that you cannot
• 1:23:53
  afford a house today is not because of bad policy.
• 1:23:59
  The reason you can't afford a house today is because of the
• 1:24:03
  amount of money that they've printed.
• 1:24:06
  That. That's literally the reason.
• 1:24:08
  The reason that things are unaffordable is because of the
• 1:24:11
  money printing. It's because of Fiat.
• 1:24:13
  It's because of the Fiat tax. You want to fix that?
• 1:24:17
  You fix the money. Switch to a Bitcoin standard.
• 1:24:21
  You won't have a Fiat tax. You won't have an inflationary
• 1:24:25
  tax. In fact, life has been getting
• 1:24:27
  cheaper for you every single year.
• 1:24:30
  Every single year. Life is getting progressively
• 1:24:34
  less expensive for you if you've been on a Bitcoin standard.
• 1:24:39
  Jeff Booth says it sell says it the best.
• 1:24:42
  The natural state of the free market is deflationary.
• 1:24:46
  The only thing that has been able to successfully reflect the
• 1:24:50
  natural state of the free market has been Bitcoin.
• 1:24:55
  Why? Because it's the only currency
• 1:24:57
  that hasn't been able to be manipulated and coerced.
• 1:25:02
  So it's the only currency that naturally reflects the state of
• 1:25:06
  the free market. And I'm not selling dreams, I'm
• 1:25:09
  selling reality. This is the reality.
• 1:25:11
  This is the truth. Don't take my word for it.
• 1:25:14
  Go priced in Bitcoin, right? Look, look at the the
• 1:25:18
  commercials that Coinbase is dropping and stuff.
• 1:25:20
  It's just like, look at housing. If you look at housing on a
• 1:25:24
  dollar terms, you're like, yo, housing just keeps getting more
• 1:25:27
  and more expensive. It's depressing as hell.
• 1:25:29
  It's really depressing. If you look at housing on on a
• 1:25:33
  Bitcoin standard, every single year that dream house that you
• 1:25:37
  wanted gets cheaper and cheaper and cheaper on Bitcoin terms.
• 1:25:43
  Now imagine the entire world. Imagine the entire world,
• 1:25:51
  imagine the entire world living with that type of hope, with
• 1:25:54
  that type of hope of being able to live for the future.
• 1:25:58
  And again, I, I'm not some politician that's trying to sell
• 1:26:01
  you a dream. I'm literally just telling you
• 1:26:04
  like, you can live your dream now.
• 1:26:07
  It's not going to happen overnight.
• 1:26:09
  You're not going to get rich quick.
• 1:26:11
  This is not a get rich quick scheme.
• 1:26:14
  All we've been advocating for is like, dude, use a better unit of
• 1:26:18
  account. If you use a better unit of
• 1:26:20
  account, you're going to be able to save into the future.
• 1:26:23
  That's it. It's as simple as that.
• 1:26:25
  It's not, it's not rocket science.
• 1:26:27
  So to kind of weave it back in and end the show, because it has
• 1:26:30
  been going long, I'll end it with this.
• 1:26:33
  I don't care whether your team red or your team blue, if you're
• 1:26:37
  pro Bitcoin, anti CBDCI will vote for you.
• 1:26:41
  That's it. It's as simple as that.
• 1:26:43
  What it the reason that we've been a little bit more Team Red
• 1:26:46
  on simply Bitcoin is because Team Red has been extremely pro
• 1:26:51
  Bitcoin and Team Blue, again, not monolithic.
• 1:26:54
  Clearly with this guy running for governor in California, Team
• 1:26:59
  Blue has been a little bit anti Bitcoin, right?
• 1:27:02
  But I I hope things. Change and because Bitcoin is
• 1:27:06
  not a partisan issue, right? And I hope that this is what
• 1:27:09
  this guy is proving. Anyways, yeah, I, I, I'll just
• 1:27:12
  add like I won't go as far as Nico on the whole voting thing.
• 1:27:15
  I'm not saying that you have to go vote for this guy.
• 1:27:19
  Obviously I don't live, I don't live in California, so I'm, I'm
• 1:27:22
  not out here voting for this guy per SE.
• 1:27:25
  But what we do know is that Bitcoin is the Trojan horse.
• 1:27:29
  And hey, if they want to embrace Bitcoin and they think it's
• 1:27:31
  going to help them win an election and that pushes Bitcoin
• 1:27:35
  to more people, I'm all for that.
• 1:27:37
  I'm all for more people hearing about Bitcoin breaking out of
• 1:27:40
  the echo chamber, shifting the Overton window.
• 1:27:42
  So, you know, kudos to this guy and I hope he goes somewhere.
• 1:27:46
  I hope he actually makes an impact, because if his candidacy
• 1:27:50
  does make an impact and the main force behind it is Bitcoin,
• 1:27:55
  that's going to wake more people up to not only the power of
• 1:27:58
  bitcoiners as a movement, but the power of Bitcoin.
• 1:28:02
  And like I said, it's a Trojan horse, So more people holding
• 1:28:04
  it. It's good for everyone that
• 1:28:06
  holds Bitcoin. It's good for the world.
• 1:28:07
  Fix the money, fix the world, all that good stuff.
• 1:28:10
  So I, I'm, I'm glad that guy triggered Nika.
• 1:28:14
  I I think that was a good combo. Yeah, that was the culture
• 1:28:17
  segment. Anyways, today is September
• 1:28:20
  23rd, 2025. I'm your host Nico.
• 1:28:23
  This is my legendary Co host, Optimus Fields.
• 1:28:26
  If you guys enjoyed today's show, you know to do smash that
• 1:28:28
  like button, consider subscribing.
• 1:28:30
  Before we before we go, I do want to give a very special
• 1:28:33
  shout out to our sponsor Mining Disrupt.
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  The whole Simply Bitcoin crew is going to be there.
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  Opti, Nico Rustin, it's going to be fantastic.
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  It's going to be fabulous. You're not going to want to miss
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  this. We'll see.
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  You guys in Dallas, TX. Scan the QR code to get yourself
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  some tickets or check the link in the video slash podcast
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  description. Guys, we love you.
• 1:29:16
  We appreciate you. We wouldn't be here without you.
• 1:29:19
  We'll see you guys tomorrow for a brand new episode of SB Live.
• 1:29:23
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