Latest / Simply Bitcoin / Russia is Using Bitcoin for International Transactions | EP 1066

Transcript

Russia is Using Bitcoin for International Transactions | EP 1066 · Simply Bitcoin

• 0:02
  It's all going to zero against Bitcoin.
• 0:06
  It's going up forever. You're against Bitcoin.
• 0:16
  You're against freedom. So if the government can print
• 0:25
  the limited amounts of money out of thin air, why did they
• 0:29
  collect taxes? I mean, the theory would make
• 0:41
  sense, right? If they can put in unlimited
• 0:44
  amounts of money, why would they need taxes for?
• 0:48
  The answer is simple, but it's very shocking.
• 0:52
  The real problem is that you pay high taxes only to uphold the
• 0:57
  illusion that you are funding the government, which you are
• 1:00
  not. It's shocking, but it's true.
• 1:08
  The government is funded by money printing paper backed with
• 1:14
  paper, a bubble that will inevitably burst.
• 1:21
  The situation is even worse than it seems, because if most
• 1:25
  Americans and the rest of the world were to become aware of
• 1:28
  this farce, confidence in your currency would be lost.
• 1:33
  The dollar will fall, and the Western civilization with it.
• 1:39
  Yeah, we're going to send me Bitcoin Live, your number one
• 1:41
  source for the peaceful Bitcoin revolution, carpeting news,
• 1:44
  culture, romantic warfare. We will be your guide through
• 1:46
  the separation of money and stay.
• 1:48
  There was Naimbu Kelly, I believe, speaking at C PAC.
• 1:51
  I think that one was in Washington, DC saying the quiet
• 1:56
  part out loud. When I was watching Kamala and
• 2:00
  Trump speaking last week as they're campaigning the
• 2:03
  elections coming up in November, I heard questions, one from a
• 2:07
  reporter, one from someone in the audience, basically asking
• 2:10
  them how you going to fix the price, the prices of goods like
• 2:15
  they're too expensive, Groceries are too expensive.
• 2:19
  If you're asking a politician to fix that issue, it's like
• 2:26
  government is the one who is solely responsible for inflation
• 2:30
  by debasing the currency. So asking them is like you're,
• 2:35
  you're really not going to get a solution out of that.
• 2:38
  So people really got to wake, wake up from the SIOP, the
• 2:41
  solution to inflation. OK, you could say, fine, you,
• 2:45
  you elect someone who's fiscally conservative, but the true
• 2:49
  solution to inflation, that's something that I, that Satoshi
• 2:52
  identified, is taking money out of the hands of state.
• 2:57
  The true solution to inflation is Bitcoin.
• 3:00
  The true solution to inflation is the separation of money in
• 3:04
  state. Because Bitcoin, no matter who
• 3:08
  it is, no matter how much power they have, no matter how much
• 3:11
  influence they have, if they want to make more Bitcoin, they
• 3:14
  have to get a line like everybody else.
• 3:16
  They have to invest in the unnecessary infrastructure, the
• 3:19
  mining equipment, the electrical capability.
• 3:23
  And there it's not a system of special privileges, meaning
• 3:27
  there isn't anyone that can just create money for free that
• 3:30
  everyone else has to work for. But I think most people around
• 3:33
  the world, it's not only the United States, they somehow
• 3:37
  still think that money's backed by gold.
• 3:40
  They somehow still think that the majority of the expenses
• 3:44
  that are incurred by government are, are are paid for by tax
• 3:48
  revenue. That's not the case at all.
• 3:50
  And there is Naimbu Kelly moving the Overton window and it's our
• 3:54
  job as Bitcoiners to continue to move that Overton window.
• 3:57
  Because if you actually look at the raw data, the numbers
• 4:01
  specifically in 2023, I'm just going to give you one example,
• 4:04
  but this happens every year. The US government spent 1.7
• 4:09
  trillion. That's trillion with AT.
• 4:12
  Just to kind of give you some perspective, the GDP of El
• 4:16
  Salvador is 32 billion. the US government spent 1.7 trillion
• 4:22
  more than it collected in tax revenue last year.
• 4:26
  How was it able to spend more money than it collected in tax
• 4:29
  revenue while they were able to print the difference?
• 4:32
  That's essentially how governments are being funded.
• 4:34
  That's how politicians are being are able to pay for things that
• 4:38
  they can't afford. That's how endless wars are a
• 4:41
  thing because of the hidden tax of inflation, currency
• 4:46
  debasement. So we're going to keep hammering
• 4:49
  that point home and other news as well.
• 4:51
  Finally, it just came out. Max Keiser coined the term the
• 4:56
  global hash war. Russia has officially announced
• 4:59
  that it will be using Bitcoin to facilitate international
• 5:03
  transactions. We covered the news when when
• 5:07
  Putin signed that law in into when Putin signed that law and
• 5:11
  it passed to pass the the Congress or the Congress
• 5:14
  equivalent in Russia. Well, the news came out that if
• 5:18
  that they are going to start doing it and the day they're
• 5:20
  going to start doing it was yesterday was September 1st.
• 5:24
  So I think it's a historic milestone in Bitcoin's history.
• 5:28
  And the reason that they're doing that is because of U.S.
• 5:31
  sanctions. So the more that the US
• 5:34
  government politicizes the money and the more countries that
• 5:38
  perhaps are not in good standing with the US government, the
• 5:41
  bigger the incentive it is for those countries to seek
• 5:44
  alternatives. But The thing is, it's a double
• 5:47
  edged sword. And the reason it's a double
• 5:49
  edged sword is because the US, not only the US government, but
• 5:53
  the US like our style of living. We benefit tremendously from
• 5:58
  being the world reserve currency.
• 6:00
  One of the one of the fastest way of not becoming the world's
• 6:04
  reserve currency is by weaponizing the money because
• 6:08
  when you weaponize the money, it doesn't give a lot of confidence
• 6:11
  for anyone holding the dollar less so transacting with the
• 6:16
  dollar, right? So here you have another country
• 6:19
  that you could say doesn't really have, isn't in good
• 6:22
  standing with the US government. They see the problem.
• 6:25
  They say, hey, we, we have to find a solution to this.
• 6:28
  We have to find an alternative. We have to find a dollar
• 6:31
  alternative. And we have no one to blame but
• 6:35
  ourselves for them doing that. I mean, do you blame them?
• 6:38
  Did you expect them to just sit down and say, you know what, we
• 6:42
  can't conduct international trade anymore because we can't
• 6:45
  use the dollar. Of course they are going to seek
• 6:47
  an alternative. It's partly one of the reasons
• 6:50
  as to why Naimbu Kelly chose to make Bitcoin legal tender in El
• 6:56
  Salvador. El Salvador doesn't have its own
• 6:59
  currency. They were using the US dollar.
• 7:01
  So essentially they were at mercy of the US, US fiscal
• 7:07
  policy, essentially whatever the US government wanted to do,
• 7:10
  because the, the, the El Salvador was using dollars,
• 7:13
  holding dollars, they were essentially like, okay, whatever
• 7:16
  the US government does, it affects us.
• 7:18
  What 9 Bukele said was like, okay, let's try an alternative.
• 7:22
  And so far, that's worked, right?
• 7:24
  I suspect more countries are going to follow suit, not
• 7:28
  because of Bitcoin's marketing department, but because of
• 7:32
  Bitcoin's incentives. And Bitcoin's incentives are
• 7:34
  simple. Number one, it's deflationary,
• 7:37
  meaning if you're holding Bitcoin, you're purchasing
• 7:39
  power. It was like guaranteed to
• 7:41
  increase over time. And #2 it's censorship
• 7:45
  resistant, meaning no one could censor Bitcoin.
• 7:47
  And if you can't censor Bitcoin, you can't politicize Bitcoin.
• 7:51
  So breaking news, huge, another huge milestone in bitcoins
• 7:54
  history. Now just to kind of give you
• 7:57
  guys like what's going on zoom out.
• 8:00
  You have multiple countries that are actively mining Bitcoin,
• 8:03
  multiple nation states, including Russia.
• 8:06
  By the way, Russia passed a bill legalizing Bitcoin mining within
• 8:09
  their borders. You have multiple countries that
• 8:12
  are actively holding Bitcoin. You have some of the largest
• 8:15
  banks in the world that perhaps don't have direct exposure via
• 8:19
  spot Bitcoin, but they have exposure through the ETF.
• 8:22
  Like things are getting serious. Like this is becoming the real
• 8:26
  deal. People are putting a lot of
• 8:28
  money and faith into the future of Bitcoin, and I think it's
• 8:32
  taking Bitcoin to the next level.
• 8:34
  And we have a cycle in front of us that I think is going to
• 8:38
  reflect this massive nation state institutional adoption of
• 8:43
  Bitcoin. I'm incredibly excited for 2025.
• 8:47
  Anyways, today's going to be a very special show.
• 8:49
  We have a friend of the show and personal friend of mine as well,
• 8:52
  BJ Ditcher in the house and of course, we have Optimus Fields.
• 8:55
  I want to thank BJ in front of our audience for, you know, when
• 9:01
  we got the platformed off YouTube, BJ was there and he
• 9:06
  helped us a lot and he helped us get on Zero Hedge.
• 9:10
  So BJI want to thank you for that.
• 9:12
  You've always been a friend of the show.
• 9:13
  You've always been a personal friend of mine as well.
• 9:16
  And of course, for anyone who doesn't know, BJ was one of the
• 9:19
  major figureheads behind the Canadian Truckers protest.
• 9:23
  So he is a Bitcoin freedom fighter in my eyes and I'm super
• 9:28
  happy, you know, he's an ally of the show.
• 9:31
  So welcome, BJ. Yeah, listen, it was my
• 9:34
  pleasure. And, you know, I've had my my
• 9:38
  own dealings with censorship, as I'm sure you know, as you saw
• 9:42
  what we dealt with in Ottawa and since and some a variety of
• 9:47
  other circumstances. But I thought it was very
• 9:50
  important to drive home the point.
• 9:52
  Like some people ask me why'd you, you know, go to this length
• 9:56
  for Nico and Opti and the guys. And I said, you know, I see, I
• 10:00
  know what it's like to try to build a business.
• 10:03
  I know how difficult it is. It's a grind.
• 10:06
  And I see what you guys are going through.
• 10:08
  You know, I become close with you and Sophie, you have a child
• 10:11
  now. You have real responsibilities
• 10:14
  and then to have somebody out there just kind of nuke your
• 10:16
  livelihood. It's it's, it's losing
• 10:21
  everything like that. There's no words for it.
• 10:23
  And I just felt that somebody needed to do something.
• 10:27
  And I saw so many people in the Bitcoin community as well tried
• 10:31
  to do the same. And I'm glad to help.
• 10:35
  I'm glad it was picked up by the guys at 0 Head.
• 10:37
  Just nice to see there are some people who are reading my sub
• 10:41
  stack BJ dichter.substack.com by the way.
• 10:44
  And I'm glad to help and let's hope it doesn't happen again.
• 10:47
  But if it does, you know the entire Bitcoin community will be
• 10:50
  out there for you. So I'm highly appreciative of
• 10:53
  not only your support BJ, but also the support of the entire
• 10:57
  community. It really meant a lot for me
• 11:00
  personally. And of course, the inside the
• 11:02
  entire simply Bitcoin team. A lot of us a lot of people
• 11:05
  don't know, but we're pretty decent sized team and about four
• 11:09
  of us are doing this full time. So you know, and YouTube was one
• 11:12
  of our but one of our major distribution platforms, so it
• 11:16
  would have definitely required a major pivot from a bit Bitcoin
• 11:20
  from a business perspective if we were not able to get the
• 11:23
  channel reinstated. So very thankful for your
• 11:26
  support, BJ very thankful for the Bitcoin community support.
• 11:29
  And of course, very grateful for team YouTube for for allowing us
• 11:33
  to continue to orange pill the world.
• 11:35
  Of course. Anyways, Opti, what do you what,
• 11:38
  what do we have covered today during the culture?
• 11:41
  We have BJ in the house, so I'm expecting a very interesting
• 11:45
  conversation. Yeah, yeah, of course.
• 11:47
  And you know, hey, what's up everyone?
• 11:49
  We're back. It's Monday.
• 11:50
  Feels good to be back. But yeah.
• 11:52
  It's hat day. It's hat day today.
• 11:54
  Nico, what is the hat? No.
• 11:56
  Yeah, so of course is. It hat day.
• 11:58
  Labor Day is hat day. That's right.
• 12:00
  Labor Day. I don't.
• 12:01
  I don't. Need my work day, but here you
• 12:03
  are Nico. No, we don't.
• 12:04
  We do. When you run your own business,
• 12:07
  you don't get days off. I know.
• 12:09
  I know. But but Labor Day is hat day.
• 12:12
  Like, is that a thing? I was.
• 12:15
  Wearing a hat and then BJ is like, wait, maybe I need to get
• 12:17
  a hat. And then he's like, wait, we
• 12:19
  need to get Nico to wear a hat And I'm like, he doesn't wear a
• 12:21
  hat. So that's not going to happen.
• 12:22
  But yeah, anyway, anyways, we're going on a tangent.
• 12:25
  Not need a tangent here on the culture.
• 12:28
  BJ. Of course BJ is a freedom
• 12:29
  fighter, but we want to keep today's show positive in the
• 12:33
  culture. So BJ and I, and of course Nico
• 12:35
  is, well, we'll have a conversation about how to best
• 12:38
  persuade people to start to investigate Bitcoin.
• 12:43
  And it might be a spicy take here coming from BJ, but he was
• 12:46
  telling me that maybe we have to move away from the Have fun
• 12:49
  staying poor meme. So we're going to talk about how
• 12:52
  to positively persuade people to look into all the things that we
• 12:57
  talked about because it's becoming at at least to us and
• 13:00
  probably everyone watching the show, just how important it is
• 13:02
  to get these ideas out to everyone.
• 13:04
  So we're going to, we're going to, I guess, maybe
• 13:07
  constructively critique our messaging on today's culture.
• 13:10
  So I'm excited for this one. I know anyone that talks to me
• 13:13
  personally is always, we're always kind of talking about the
• 13:16
  same ideas. Like how do we get this message
• 13:18
  across to more people? Is, is this, is this an uphill
• 13:21
  battle regardless? Or is this a futile battle
• 13:25
  because people just don't care what we talk about?
• 13:27
  Apparently, at least that's kind of the the black pill version of
• 13:30
  this. But I'm also on the tip of BJ
• 13:33
  where it's like, maybe we just need to work on our messaging
• 13:36
  and get this this Bitcoin thing across to people in a better
• 13:40
  way, which I think is is very helpful for all of us.
• 13:43
  Yeah, 100% BJ. You know, go ahead, Go ahead,
• 13:47
  Nicole. Yeah, it's, I think that's one
• 13:51
  of the most difficult things that I've experienced.
• 13:53
  I've been been doing this for two cycles now, eight years.
• 13:56
  And one of the most difficult things that I've run into is
• 14:01
  orange peeling people to the point that now I've got into a
• 14:05
  point in my life and I'm pointing the Bitcoin rabbit hole
• 14:08
  that I'm just kind of like, you know what, if you don't want to
• 14:11
  listen to me, I don't have time to explain to you.
• 14:14
  Like I, I could literally show you the bridge.
• 14:18
  I could show you the door. But at the end of the day, the
• 14:21
  person has to cross the bridge. They have to open the door by
• 14:24
  themselves. I can't do it for them.
• 14:26
  I could lay out the case, but I will say something.
• 14:30
  One of the most effective ways in my experience is planting
• 14:34
  seeds. So what do I mean by that?
• 14:36
  So usually when I tell people the first time, they dismiss it.
• 14:40
  But what tends to happen is they remember the price in which I
• 14:44
  planted the seeds. So they remember the price when
• 14:47
  I first told them about Bitcoin. And you know, it hurts a lot
• 14:51
  when someone tells you that the first they first tell you about
• 14:54
  Bitcoin when it was $1000 and it peaks at $72,000.
• 14:59
  They tend to listen to you. That's a 72 X.
• 15:04
  They tend to be like, OK, maybe I should have listened to that
• 15:08
  person. So that seems to be the most
• 15:11
  effective way of orange peeling people.
• 15:13
  It's not making fun of them. It's not telling them have fun
• 15:15
  staying poor. It's not laying out the facts.
• 15:18
  Most people, they don't just don't care.
• 15:20
  It's literally just planting the seed number go up and eventually
• 15:25
  they capitulate to number go up and they say, OK, you know what,
• 15:29
  you were right. I should have listened to you.
• 15:32
  You know, I'll, I'll buy Bitcoin.
• 15:34
  Two more things. Bitcoin is a humility test #1 So
• 15:39
  you have to be OK with the fact that you didn't buy $500 a
• 15:43
  thousand dollar, $10,000 Bitcoin.
• 15:46
  And #2 also Bitcoin is Bitcoin. Like the train doesn't stop.
• 15:54
  And every single person, including myself, when I got
• 15:58
  into the industry, I thought I was late because I was hearing
• 16:02
  stories of people that were getting Bitcoin sub $100.
• 16:06
  I heard people that were getting Bitcoin at 345 dollars.
• 16:10
  And here am I like a schmuck buying Bitcoin at six, $700.00.
• 16:15
  And I'm like, like, what the hell, Like I'm, I'm too late for
• 16:19
  this, for this. I've missed the boat
• 16:20
  essentially. Like it's too late for me.
• 16:23
  And thinking back, I'm like, I should have done more to acquire
• 16:27
  more Bitcoin back then. So I'm sure that at these prices
• 16:31
  at $58,000, we'll look back in 10 years and when this thing's
• 16:36
  trading at multiple millions per coin and you're going to be
• 16:39
  like, dude, do you remember when we had an opportunity to buy
• 16:42
  $58,000 Bitcoin? I bet you it's going to feel
• 16:45
  exactly the the same way, BJ. Yeah, a couple of things.
• 16:50
  Sometimes, you know, I've had this experience where I was
• 16:54
  begging people when Bitcoin was 1500 bucks, $2000, something
• 16:59
  like that, to buy Bitcoin. And one person listened, and
• 17:04
  he's very happy that he listened.
• 17:06
  But then when you get to the $70,000 Bitcoin, what happens to
• 17:09
  those same people? You know, oh, Bitcoin's over,
• 17:12
  Bitcoin's done. So my approach is a little bit
• 17:15
  different. I try to, you know, much like
• 17:18
  during the Freedom Convoy, I did the communication strategy and
• 17:21
  how to reach people and how to connect with them.
• 17:25
  And what I've done particularly with people who struggle
• 17:29
  financially because they're going to be more opt to
• 17:31
  listening to it. I start with you've struggled to
• 17:35
  save money. It's not your fault.
• 17:39
  This is the way the system is designed to make it an obstacle
• 17:43
  for you to save money. So the first step of learning
• 17:47
  about what Bitcoin is to absolve yourself of guilt and
• 17:51
  understanding it's not your fault.
• 17:54
  Yeah, maybe we could budget a little bit better.
• 17:56
  There's no question. But the system is designed to
• 17:59
  make it almost impossible for you to save for the future.
• 18:03
  And that's why we have Bitcoin because that is now a system
• 18:08
  outside of this system that does the opposite.
• 18:11
  It allows you to save over the over time.
• 18:15
  And that's when they say, but I, you know, I don't make enough
• 18:17
  money. So you just need a little bit.
• 18:18
  It's not about dollars, it's about sats.
• 18:21
  It's about the smallest denomination of Bitcoin just to
• 18:24
  accumulate sats. Don't worry about how much it
• 18:25
  is. Don't worry.
• 18:26
  You got to 1st get yourself into the mindset of understanding it.
• 18:30
  And I find that helps with a lot of people.
• 18:33
  And then the other thing you said, which is just typical
• 18:37
  persuasion marketing communications, is there's no
• 18:40
  magic button. There's no magic.
• 18:42
  One thing you'll say where you just say, give one argument to
• 18:47
  everybody and like, oh, OK, Eureka moment, right?
• 18:50
  That does sometimes happen after you've brought people to a level
• 18:55
  of awareness where they're at least primed and willing to
• 18:59
  listen to an argument. And over time, they'll be
• 19:03
  looking for that Eureka moment and everybody will have
• 19:07
  something different based on their life experiences that will
• 19:11
  resonate with them. And that's what will get them to
• 19:14
  make the leap. And I was the same way.
• 19:16
  We were all the same way, right? For me, my orange pill, he's,
• 19:21
  he's not in Bitcoin anymore. I know you hold some, but it was
• 19:25
  James Altucher because in, in 2014, James Altucher was doing
• 19:30
  comedy skits at Bitcoin get togethers.
• 19:34
  And he's the one, you know, that's watching him for a long
• 19:37
  period of time. And that's what really got me to
• 19:40
  say, you know what? I think he's right.
• 19:41
  Why? Because he's both a financial
• 19:43
  guy and a computer programmer. He understands the code, he can
• 19:47
  read the code. So everybody's got a different
• 19:51
  emotional state or emotional trigger that will get them
• 19:55
  completely on board. It's about discovering what that
• 19:58
  emotional, that unique emotional trigger is to each individual.
• 20:03
  100 percent, 100% agree with that.
• 20:05
  Anyways guys, we still have a hell of a show lined up for you
• 20:08
  guys. If you guys are enjoying the
• 20:09
  show, help us smash 100 likes within the first hour.
• 20:13
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  us push the orange signal forward, forward.
• 20:24
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  If you sign up to bitcoinwell.com today, again,
• 21:51
  the top prize is 1,000,000 sats and today's prize was 21,000
• 21:57
  sats. All right, everybody, let's get
• 21:59
  it's the numbers. We have a lot to talk about.
• 22:01
  Let's check it out. Here we go, the Bitcoin numbers.
• 22:09
  All right everybody, I want to tell you guys about the stamp
• 22:11
  seed. Usually when you buy a hardware
• 22:13
  wallet, it comes with a piece of paper labeled one through 12 or
• 22:17
  one through 24. You're meant to write down your
• 22:19
  seed phrase on that piece of paper.
• 22:22
  However, paper is prone to water damage, fire damage.
• 22:25
  Your dog could eat it. Definitely don't want to do
• 22:27
  that. You want your seed phrase to
• 22:30
  last generations, which is why we recommend the Stamp seed
• 22:34
  Titanium Seed Phrase Storage Kit.
• 22:36
  Literally proof of work. Stamp your seed into a plate of
• 22:42
  titanium. Literally the kit comes with
• 22:45
  everything. It comes with the hammer, it
• 22:47
  comes with the anvil, it comes with the plate, it comes with
• 22:50
  the letter stamping tool. So you could literally letter by
• 22:53
  letter stamp that seed into a plate of titanium.
• 22:58
  That plate of titanium is going to last generations.
• 23:01
  It's going to last the test of time.
• 23:03
  It's fireproof, it's waterproof. Your dog's probably not going to
• 23:06
  want to eat a piece of metal. It'll break its teeth in the
• 23:09
  process. So this thing is meant to last.
• 23:12
  They've done multiple stress tests, including holding a blow,
• 23:15
  a blowtorch to it, to it, including dumping it in salt
• 23:19
  water for a long period of times.
• 23:21
  And you know what this the, the, the data, the letters remained.
• 23:25
  So this is the thing that you want for your Bitcoin to last
• 23:28
  generation. Get yourself a stamp seed,
• 23:31
  titanium seed for a storage kit today and use promo code simply
• 23:35
  to get 15% off anything on their store.
• 23:38
  At the time of recording Bitcoin is again at $58,490.00 FU
• 23:45
  Dennis. So that's per dollar 1710 block
• 23:49
  height 859,560 blocks to having 190,440 having estimate March
• 23:57
  23rd, 2028 total lightning network capacity 4938 BTC
• 24:04
  capacity value 288 million realized monetary inflation 1.41
• 24:10
  point 4%, market capitalization 1.16 trillion Bitcoin versus
• 24:15
  gold market cap 6.69%. In the grand scheme of things,
• 24:20
  we're just getting started. A big fan of Doctor Jeff Jeff
• 24:25
  Ross, which has exited Bitcoin Twitter.
• 24:29
  He's exclusively Noster only. This is a trend that I'm that
• 24:33
  I'm continuing to see. More and more Bitcoiners are
• 24:36
  deleting their Bitcoin Twitter accounts and they're going
• 24:39
  exclusively on Noster. Huge fan of Noster.
• 24:44
  Have been extremely active the last couple of weeks or so since
• 24:48
  my first experience with censorship and deplatforming.
• 24:52
  I I just I understand why this is so important because you know
• 24:56
  what you can't de platform someone on a protocol right?
• 25:00
  Like let's say you get banned off a specific Nostra app,
• 25:04
  There's many other apps that you can use that interact with the
• 25:08
  Nostra protocol. You could bring your followers
• 25:10
  with you. I'm so bullish on on this
• 25:13
  technology. I'm so bullish on Nostra.
• 25:16
  This is an incredible idea and I and I believe it's the future of
• 25:19
  social media. Will it be able to overcome
• 25:22
  Bitcoins network? I mean, sorry, Twitter's network
• 25:25
  effect, that still remains to be seen, but so far I see
• 25:30
  engagement up, I see usage up on Noster.
• 25:33
  So if you haven't already signed up, I highly recommend you
• 25:36
  checking it out. It is a little bit different,
• 25:39
  but I promise you that once you ZAP someone or you receives
• 25:42
  receive zaps, it's a great feeling.
• 25:45
  Anyways, so Doctor Jeff Ross posts on on Noster.
• 25:50
  He says although September may have some weak data points, I've
• 25:54
  officially pivoted from doctor bullcrab to doctor bull.
• 25:58
  Bullish macro and liquidity tailwinds are coming soon.
• 26:02
  It won't happen all at once. In fact, it will start slowly at
• 26:05
  first, but it will happen. I expect the next 14 months of
• 26:09
  Bitcoins price actually should be generally lit.
• 26:12
  Halloween 2025 is my next major target date for infotainment
• 26:17
  purposes only. So you take that as you may.
• 26:21
  Doctor Ross has had some incredible call outs in the
• 26:24
  past, so really excited to see how this plays out.
• 26:27
  And yes, I think we've all been extremely bored of Doctor Crab
• 26:32
  and just the general crab action that we've seen throughout the
• 26:36
  summer. Usually that's pretty normal in
• 26:38
  bitcoins history. Things tend to cool down in the
• 26:40
  summers, but they do start to pick up in Q4.
• 26:44
  I think I'm I'm sitting in that camp, but no one really knows
• 26:48
  what the price of bitcoins going to do tomorrow.
• 26:50
  Anyways, getting to today's headline news, Russia to begin
• 26:54
  using cryptocurrencies in international trade.
• 26:58
  It goes on to say Russia will begin using cryptocurrencies as
• 27:01
  an international payment method starting September 1st as a
• 27:05
  nation seeks alternatives to circumvent the economic
• 27:08
  sanctions imposed by Western countries.
• 27:10
  To face the challenges in traditional payment systems,
• 27:14
  Russian authorities are exploring alternate alternative
• 27:17
  methods to facilitate international trade.
• 27:19
  Before the Ukrainian conflict in 2022, the Central Bank of Russia
• 27:24
  had advocated for a complete ban on cryptocurrencies.
• 27:27
  However, their use has become more prevalent after Russia was
• 27:30
  excluded from the SWIFT payment system.
• 27:33
  Isn't it awesome how incentives kind of play out?
• 27:35
  This, this is the Bitcoin game theory.
• 27:38
  You know, this is, this is so beautiful.
• 27:39
  Like we don't call Bitcoin the money of enemies for no reason,
• 27:43
  right? No one has the ability to censor
• 27:46
  someone else's ability to use Bitcoin or censor someone else's
• 27:49
  transaction. No one has the ability to do
• 27:51
  that. So it's anyone could use it
• 27:54
  really. And what I believe has happened
• 27:56
  with the traditional Fiat system, the traditional
• 27:58
  financial system, it's, it's become highly politicized.
• 28:03
  And again, you can dislike the Russian government, you could
• 28:08
  list dislike the Cuban government, you could dislike
• 28:11
  the North Korean government, you can dislike the government of
• 28:14
  Afghanistan. You could dislike them and
• 28:16
  rightly so. However, what people don't talk
• 28:21
  about is the collateral damage of what happens when these when
• 28:27
  these countries get sanctioned. The justification as to why
• 28:32
  these countries get sanction is for regime change.
• 28:36
  It's to topple those governments.
• 28:39
  That hasn't really worked out with Cuba.
• 28:41
  That hasn't really worked out with North Korea.
• 28:43
  The actual victims of this are the people of those countries
• 28:48
  which are innocent and just like you and I, they're just trying
• 28:53
  to put food on the table and all of a sudden they're not allowed
• 28:57
  to open bank accounts, U.S. bank accounts, U.S. dollar accounts.
• 29:01
  They're not allowed to transact with U.S. dollars.
• 29:04
  Well, Bitcoin is for them. Bitcoin comes in and says, I
• 29:08
  don't care where you're from. I don't care where, where you
• 29:11
  happen to be born, which you have no control over.
• 29:15
  Bitcoin is for you. This is why we say Bitcoin is
• 29:18
  the most inclusive equitable money the world has ever seen.
• 29:22
  Anyways, it goes on to say on August 8th, Russian President
• 29:25
  Vladimir Putin signed legislation legalizing the
• 29:28
  experimental use of cryptocurrencies in
• 29:30
  international payments and forex transactions.
• 29:33
  The Central Bank of Russia will oversee the process the process
• 29:37
  as the country begins using cryptocurrencies for
• 29:39
  international for international payments on September 1st.
• 29:43
  So they started yesterday. It goes on to say while the
• 29:46
  central bank governor and the finance minister have previously
• 29:49
  indicated efforts to legalize cryptocurrencies, details on how
• 29:53
  they will be used in international trade and their
• 29:55
  security framework remain unclear.
• 29:58
  I suspect you're going to start to see an acceleration of this
• 30:03
  specifically in countries that don't benefit from having a
• 30:08
  reserve currency from countries that if they did what the US did
• 30:13
  and they just printed an ungodly amount of money, they would just
• 30:17
  cause rampant hyperinflation or inflation just because other
• 30:21
  countries are aren't holding that currency.
• 30:23
  So there's a little bit of a check.
• 30:25
  I suspect you're going to start to see more and more countries
• 30:28
  go and look at Bitcoin and say, you know what, that that looks
• 30:31
  like a pretty good deal. That looks like a pretty good
• 30:33
  idea. Specifically in countries that I
• 30:36
  think are dollarize, and there's a lot of them, for example,
• 30:39
  Panama, Ecuador, El Salvador, just to name a few.
• 30:43
  These countries don't have Fiat, they don't have local
• 30:47
  currencies. They use the dollar, so they're
• 30:50
  more incentivized to seek alternative systems.
• 30:54
  And I think that's what we're going to start to see in the
• 30:57
  next 5 to 10 years. I think we're seeing Bitcoins
• 31:00
  game theory play out. Alex Gladstein wrote an
• 31:03
  excellent article for Bitcoin magazine called Bitcoin is a
• 31:07
  Trojan horse for Freedom, and this is a great representation
• 31:10
  of that. Russia isn't exactly known for a
• 31:14
  country that has the best human rights record, right?
• 31:18
  This is a country that you can make an argument is a
• 31:21
  authoritarian country, totalitarian country where the
• 31:25
  leader essentially doesn't like opposition, but out of
• 31:29
  necessity, out of game theory. They see Bitcoin and they see it
• 31:33
  as a means to an end. They see it as a means to
• 31:36
  facilitate international trade without being without being
• 31:41
  meddled with, right, which, by the way, I think this is going
• 31:44
  to be one of the excuses that are going to be used against
• 31:49
  Bitcoin precisely because they can't censor certain
• 31:54
  transactions. So it's just interesting to see
• 31:56
  Bitcoins game theory play out in my opinion.
• 32:00
  I've said this before many times on the show.
• 32:03
  I don't think you current US sanctioned policy is compatible
• 32:08
  with an open monetary network on which no one controls, no
• 32:12
  politician controls. I don't know how that's going to
• 32:15
  play out. In my opinion, I'm going to pass
• 32:17
  it on to BJI. Feel like BJ, you have a little
• 32:20
  bit more feelings and thoughts and experience on this front,
• 32:24
  but it is quite interesting to see but at the same time not
• 32:28
  surprising at all. Yeah, well, there's a lot to
• 32:31
  unpack there, man. Just a few short points.
• 32:36
  I think generally I agree with everything that you've said.
• 32:40
  I think we all do. The the only thing that I might
• 32:44
  differ on you is Bitcoin doesn't change human nature.
• 32:49
  And I personally am not a cultural relativist.
• 32:52
  So there are our cultures are different.
• 32:54
  We, many of us come from different backgrounds sometimes
• 32:57
  around the world, right. You and I are Western, but there
• 33:00
  are people around the world who have different cultures.
• 33:03
  However, the the goal of suppression of speech has not,
• 33:08
  as you said, worked out to our favour, and the ability for
• 33:14
  people not to transact has also not worked over the past
• 33:19
  century, let's say. So I think we're all better off,
• 33:21
  much like free speech, the freedom to transact allows
• 33:26
  people, allows us all to understand how the world really
• 33:30
  works. You know, I had this, this
• 33:31
  debate frequently. Like I'm from a, a particular
• 33:35
  culture that deals with certain issues around free speech.
• 33:38
  And I'm always me and a few others, always the rabble
• 33:41
  rousers that say stop, stop calling people names and start
• 33:45
  engaging with people and start going down the free speech
• 33:49
  rabbit hole. Because there are two benefits
• 33:51
  of free speech that we always forget, and that is freedom of
• 33:55
  speech and the freedom to transact.
• 33:57
  But let's say the freedom of speech first is the right to
• 34:01
  respond to ridiculousness and freedoms of speech also allows
• 34:07
  us to learn who's a resident of crazy town, who we can see it
• 34:12
  doesn't understand the importance of the freedom to
• 34:15
  transact, the freedom to feed their families.
• 34:18
  You know, during this event in Ottawa, in this book honking for
• 34:22
  freedom.com, by the way, we had when our accounts were frozen,
• 34:27
  there was one particular trucker who said to me, I'm going to
• 34:31
  have to get insulin in two weeks.
• 34:35
  I I can't pay for insulin now. What am I, am I supposed to die?
• 34:38
  It was her husband. Is my husband supposed to die?
• 34:43
  So yeah, that's exactly what happened.
• 34:44
  You had a Western liberal free country essentially try to kill
• 34:50
  its citizens. That's what it was doing.
• 34:53
  So that is not going to benefit any of us over the long term.
• 34:56
  This is why Bitcoin is an important component of free
• 35:00
  speech. And I believe the freedom to
• 35:03
  transact will be the next global cultural debate that we're going
• 35:08
  to have over the next couple of generations.
• 35:11
  And personally, I firmly side on the freedom of transaction side
• 35:16
  because I've seen the implications of when everything
• 35:19
  you have is shut down. And you know, people often talk
• 35:23
  in the legacy media. We had our bank accounts frozen.
• 35:26
  No, no, we had our bank accounts frozen, our credit cards frozen,
• 35:29
  lines of credit, corporate accounts like you, if you were,
• 35:32
  if you had any affiliation with any corporation, boom, they all
• 35:36
  got shut down. And then what happened
• 35:38
  afterwards? Well, then Brazil did the same
• 35:41
  thing when they had a trucker protest after the Lula election,
• 35:46
  right? Then Iran did the same thing to
• 35:49
  the protesters that were trying to overthrow the mullahs.
• 35:53
  What did they do? They froze all their bank
• 35:54
  accounts for a bunch of young students across the country who
• 35:58
  wanted greater freedoms. And now we've converged on the
• 36:02
  point we're back to Brazil. The government of Brazil has
• 36:06
  frozen the accounts of X, one of the platforms that you are
• 36:10
  broadcasting to. So this is the pathway to
• 36:15
  absolute chaos, where the alternative is everybody has the
• 36:19
  right to speak, everybody has the right to transact, and at
• 36:24
  least we get a better sense of what the global chess board
• 36:28
  looks like. What do you want?
• 36:30
  I'll be beautiful, beautifully put.
• 36:32
  And it's actually a theme or something that we've been
• 36:34
  talking about on simply for quite a while now, which is this
• 36:38
  idea of what I call the great disintermediation. 1st, it's
• 36:43
  starting with information and, and now it's slowly moving into
• 36:47
  money and unfortunately, if not unfortunately good for I would
• 36:51
  say the globe, but for governments that have been used
• 36:55
  to controlling the narrative for the longest time, the Internet
• 37:00
  essentially has disintermediated the gatekeepers.
• 37:03
  So now you have mass scale global peer-to-peer
• 37:06
  communications, which is social media.
• 37:09
  And now you have the introduction of, of protocols
• 37:12
  like Noster where you don't even have an there is no ability to
• 37:16
  de platform. And if you can't de platform, if
• 37:20
  you can't censor, and I think this is the point that you were
• 37:22
  trying to make BJ you, you're it, it becomes a forcing
• 37:26
  function for you to have to debate your perspective.
• 37:30
  If you can't de platform or censor the perspective and it
• 37:35
  lives on you as a politician. Now you have a a form of
• 37:39
  accountability. You kind of have to answer to
• 37:42
  the point that that the other, the opposition or the person
• 37:45
  who, that they're trying to make And you know, freedom of speech
• 37:49
  here in the United States. It's not perfect, but I think
• 37:52
  the Founding fathers had enough wisdom to realize that if there
• 37:57
  is a bureaucratic elite or there's an elite that gets to
• 38:01
  decide what is true information and what isn't, what is
• 38:06
  misinformation, what would happen was that they would abuse
• 38:10
  that power for political reasons so that they said, OK, you know
• 38:14
  what? No, Congress can't make, you
• 38:16
  know, can't make a law stopping the freedom of speech.
• 38:19
  Like we let the free market idea, free market of ideas
• 38:23
  decide, you know, what's what's true and what's not true.
• 38:27
  Is it perfect? Is it a perfect solution?
• 38:29
  No, it's not a perfect solution, but I think it's a better
• 38:32
  solution than an elite group of people getting to decide what
• 38:37
  information is true and what information isn't true because
• 38:41
  because I think history has shown how much that's been
• 38:44
  abused. Now apply that to money.
• 38:48
  It's the same concept, right? No human being should have #1
• 38:53
  the ability to create money for free that another human being
• 38:56
  has to work for. And #2 no human being should
• 38:59
  have the ability to censor someone else's money.
• 39:03
  No one should have the ability to do that because again, I
• 39:07
  think it gets there's time. You have historical example
• 39:11
  after historical example where that gets abused.
• 39:13
  Now This is why I'm so bullish and optimistic about nostril and
• 39:19
  Bitcoin. You can't stop it, you can't
• 39:22
  censor it, you can't take it down.
• 39:25
  So then it becomes a forcing function where if you can't
• 39:29
  censor transactions, if you can't censor information, all of
• 39:34
  a sudden as a politician, you're going to have to rebuke it.
• 39:38
  You're going to have to have an argument on your side to back up
• 39:42
  your perspective. Because so far, I think the
• 39:46
  American public was sold on the idea of sanctions as a mechanism
• 39:51
  of regime change, but we haven't seen that.
• 39:56
  And I think the collateral damage of a lot of these
• 39:59
  sanction policies are the populaces of those countries.
• 40:04
  So the population of Cuba, the population of Venezuela, the
• 40:07
  population of Russia. I'm not talking about the
• 40:09
  Russian government or any of these governments.
• 40:11
  I'm talking about the people that live within those
• 40:14
  countries. Now all of a sudden with
• 40:16
  Bitcoin, they can download an app or they can download
• 40:19
  something on their on their computer and now they can
• 40:21
  interact with the global economy.
• 40:23
  Right. It's an absolute game changer.
• 40:25
  Anyways, Opti, we are running a little bit late on time.
• 40:28
  Do you have a 2 minute bit? Yeah, I'm just I'll do it
• 40:30
  quickly. I think this news is obviously
• 40:32
  huge news. Yes, there it's not perfect
• 40:35
  because it has to go through the central bank and we covered this
• 40:37
  in the in the past that, you know, it's basically they got to
• 40:40
  go through the official channels to approve the fact that they
• 40:43
  can use Bitcoin or they said cryptocurrency.
• 40:46
  But I think this is showing two things.
• 40:48
  One that a lot of BRICS nations are moving away from trying to
• 40:52
  hold U.S. Treasuries and now they're
• 40:53
  realizing that Bitcoin is the real international currency.
• 40:56
  And I think we're going to be seeing slowly but surely this
• 40:59
  continue to ripple into every other country and more people
• 41:02
  waking up to this fact that hey, I don't need to go through the
• 41:06
  US to use money. I don't need to use, you know,
• 41:09
  American swift payments to have international cross-border
• 41:12
  payments. That's what Bitcoin is for.
• 41:14
  And again, say what you want about Russia and Putin as the
• 41:17
  big boogeyman of the world, you know, you, you can fully believe
• 41:20
  this. But it just goes to show the
• 41:21
  meme that we talk about constantly that Bitcoin is for
• 41:24
  anyone. Anyone that sees the use case of
• 41:26
  Bitcoin is going to realize that, hey, maybe having a
• 41:28
  neutral money that isn't controlled by 1 nation is a good
• 41:31
  idea. Maybe This is why we're all here
• 41:33
  in the 1st place. But hey, we still got a lot of
• 41:35
  work to do to educate the masses.
• 41:37
  But we'll, we'll, we'll talk about that in the culture how we
• 41:39
  can do that better. Anyways, keep it moving Nico
• 41:41
  all. Right, everybody, let's get to
• 41:43
  news. Lots to talk about the Daily
• 41:48
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• 43:16
  All right, everybody, I do want to go through some headlines
• 43:18
  which I think are absolutely fascinating and it comes from
• 43:23
  one of our favorite legacy media publications which has attacked
• 43:29
  Bitcoin a lot in the past. And of course, I'm talking about
• 43:33
  the paper record talking about the New York Times.
• 43:36
  So first, this BJ is already laughing.
• 43:39
  This opinion, this opinion piece, the headline is the
• 43:44
  greatest threat to democracy is a feature of democracy.
• 43:48
  The latest one critics notebook, the Constitution is sacred.
• 43:54
  Is it all so dangerous? One of the biggest threats to
• 43:57
  America's politics might be the country's founding document.
• 44:02
  Very, very interesting. Now moving on to the news.
• 44:06
  I'm I'm going to put all this together.
• 44:08
  This is what happened over the weekend.
• 44:11
  Brazil is ACBS news public about publication.
• 44:15
  It says Brazil blocks block on social network X goes into
• 44:20
  effect joining other countries around the world.
• 44:25
  Here is a another new legacy media publication, The Guardian.
• 44:30
  Robert Reich wrote an article for Robert Reich has a very
• 44:34
  popular YouTube channel. I believe he was an official
• 44:38
  that was part of the Obama administration.
• 44:41
  Here's Mario Nofal, one of the best news aggregators on On X
• 44:44
  and he says the Guardians. Robert Reich has published an
• 44:47
  alarming opinion piece calling for global action against Elon's
• 44:51
  free speech initiatives On X. Reich suggests regulators have
• 44:55
  threatened Elon with arrests for disseminating lies and hate,
• 45:00
  citing Pavar Devar's arrest in France as a potential model.
• 45:05
  The article criticizes quote free speech absolutists like
• 45:09
  Elon and Dorav, aligning with Alexandre de Morales censorship
• 45:14
  efforts in Brazil. The Guardian's position seems to
• 45:17
  contradict traditional journalistic values of defending
• 45:20
  free expression, instead supporting a troubling trend of
• 45:24
  government overreach and controlling online discourse.
• 45:29
  By the way, here is the presidential one of the
• 45:33
  presidential candidates, Kamala Harris, and she had some
• 45:36
  thoughts on X. Let's check it out.
• 45:38
  He has, he has lost his privileges and it should be
• 45:41
  taken down. And, and the bottom line is that
• 45:43
  you can't say that you have one rule for Facebook and you have a
• 45:45
  different rule for Twitter. The same rule has to apply,
• 45:48
  which is that there has to be a responsibility that is placed on
• 45:53
  these social media sites to understand their power.
• 45:56
  They are directly speaking to millions and millions of people
• 46:00
  without any level of of of oversight or regulation and that
• 46:05
  has to stop. By the way, like that's why the
• 46:09
  1st Amendment is structured the way it is.
• 46:13
  But essentially what they were, what they're doing, and Mike
• 46:15
  Benz has done an incredible job covering this is essentially the
• 46:21
  way that they're circumventing the First Amendment because the
• 46:24
  like the the government itself, the US government itself, can't
• 46:29
  they, they can't promote laws or they can't enforce laws actually
• 46:33
  shutting down the free speech of Americans.
• 46:35
  But what they did to circumvent circumvent that is that they put
• 46:39
  pressure on private companies. This came out, by the way, when
• 46:43
  Zuckerberg admitted not too long ago that he regretted censoring
• 46:48
  the speech of certain Americans due to a lot of discussion with
• 46:52
  the pandemic. And he admitted that a lot of
• 46:54
  that pressure came from the administration, right.
• 46:58
  So I, I think it's, it's a little bit scary to me that not
• 47:01
  only legacy media outlets, but also a potential future
• 47:05
  president is basically calling for more censorship that I mean,
• 47:10
  isn't that the most anti American thing that you can
• 47:13
  think of? Here's David Sachs.
• 47:15
  David Sachs, by the way, is one of the Silicon Valley guys that
• 47:20
  that went out in support of, of, of, of crypto currencies and,
• 47:25
  and the, the, the, the Trump administration.
• 47:27
  I think he has a really, really good point here.
• 47:30
  He says in the global struggle against authoritarianism, the
• 47:34
  West real enemy is itself. American politicians speak
• 47:37
  constantly about the indispensable role of the United
• 47:42
  States and leading the free world against authoritarianism.
• 47:45
  If that's true, why is the White House so, so silent in the face
• 47:49
  of new global threats to free speech?
• 47:51
  In January, American citizen Gonzalo Lita passed away in a
• 47:56
  Ukrainian prison for posting YouTube videos.
• 47:59
  The State Department didn't lift a finger to help.
• 48:01
  Last week, Telegram founder was arrested in France for the crime
• 48:06
  of insufficient content moderation.
• 48:08
  Now Brazil has banned X for resisting the the dic tacs of a
• 48:14
  tyrannical judge who salvate who salvates over the possibility of
• 48:18
  jailing Elon Musk. The EU is one step behind with
• 48:22
  Eurocrat theory. Bretton pursuing a criminal
• 48:25
  investigation against Elon for, quote, platforming
• 48:28
  disinformation, which Bretton defines to conclude a
• 48:32
  conversation to include a conversation with Donald Trump.
• 48:35
  In the UK, the government of Khamir Stramer imprisons critics
• 48:40
  of open borders with more zeal than it prosecutes violent
• 48:43
  crime. In Canada, Justin Trudeau
• 48:45
  crushed a trucker's protest against mandates by asserting
• 48:49
  sweeping new powers to freeze bank accounts.
• 48:51
  At no point has the White House expressed concern about this new
• 48:55
  Iron Curtain that seems to be descending across the West.
• 48:58
  Quite the contrary. Mike Zuckerberg confirmed that
• 49:01
  the Biden Harris administration reportedly pressured Mehta to
• 49:04
  censor during the pandemic. Worse, the FBI primed Facebook
• 49:08
  to censor true stories about Biden family corruption by
• 49:11
  suggesting that the Hunter Biden's laptop, Hunter Biden's
• 49:14
  laptop was rushing this information.
• 49:16
  Now the, the, the point I'm trying to make in all this and
• 49:20
  I'm not trying to pick a certain side or whatever is that I think
• 49:24
  that as long as platforms are are centralized and there is
• 49:31
  ACEO and there is a centralized server farm, I think that that
• 49:36
  will inevitably prone to government pressure and
• 49:42
  inevitably government being over the state being able to Co opt
• 49:46
  those platforms. I think that's not a question of
• 49:49
  if. I think it's a question of when,
• 49:52
  how do you go around that? Well, the way that you go around
• 49:56
  that is protocols over platforms and this is exactly what Bitcoin
• 50:02
  and Nostril is and why the reason that I believe you're
• 50:06
  they're. Able to get away with.
• 50:07
  This and the reason as to why I believe Satoshi disappeared in
• 50:10
  the 1st place is that I think if Satoshi was still around, he'd
• 50:14
  be in jail right now. That to be perfectly frank,
• 50:17
  right? This is why it's so important
• 50:19
  for these protocols to stay decentralized, because then
• 50:24
  there isn't a single entity to go after.
• 50:27
  And because there isn't a single entity to go after because there
• 50:31
  is no, you know, cables, cable to just unplug.
• 50:36
  They live on. And as they live on, it's what I
• 50:39
  was saying, it inevitably becomes a forcing function when
• 50:43
  you can't, when you can't freeze someone's account, when you
• 50:47
  can't censor someone's speech and it lives on and there's
• 50:52
  nothing you could do about it, You're inevitably going to be
• 50:56
  forced to respond to it, not from a place of strength, from
• 51:00
  a, but from a, from a position of equality.
• 51:03
  And you're going to have to argue based on your merits,
• 51:07
  right? And that puts you in an
• 51:09
  unfortunate situation if you're an authoritarian.
• 51:13
  Anyways, the last original thought that I had over the
• 51:16
  weekend was how totalitarian regimes are reacting to X slash
• 51:20
  telegram is exactly how they're going to react to nostril slash
• 51:24
  Bitcoin. Problem for them is there is no
• 51:27
  CEO to threaten and single server farm to shut down.
• 51:32
  So that's kind of like the last point that I wanted to make
• 51:34
  without focusing on a specific political party or specific
• 51:39
  politicians that are that are more pro censorship or more pro
• 51:45
  free speech. What I want to focus on is the
• 51:48
  solution and the solution to this, Satoshi already discovered
• 51:52
  the solution to this is decentralized protocols over
• 51:57
  centralized platforms. That being said, I do applaud
• 52:01
  Elon and I do applaud the CEO of Rumble for putting up the good
• 52:06
  fight. But imagine like the Bitcoin CEO
• 52:10
  doesn't have to put up a fight. Like who do they?
• 52:13
  Whose door do they knock on? There is no door to knock on.
• 52:16
  That's the whole point. That's the beauty of it.
• 52:19
  And I think that empowers individuals in the process.
• 52:22
  Bji mean they they mentioned one of the things that you played a
• 52:25
  huge role in. What are your thoughts on all
• 52:28
  this? Couple of things.
• 52:31
  She mentioned that X and there shouldn't be different rules for
• 52:36
  one platform versus another. What rules can I see the rule
• 52:42
  list What, what are the rules that Facebook is following that
• 52:46
  that Twitter is violating? I haven't seen any.
• 52:48
  I thought the rule was we're a corporation and everybody has
• 52:53
  free speech. And by the way, according to
• 52:55
  Citizens United, money is free speech, which is something I
• 52:59
  think Bitcoiners can talk more about.
• 53:01
  So I'd like to hear more about her rules that she said are
• 53:05
  broken because I, I don't know of any rules that she's
• 53:07
  referring to. The other thing is they, I don't
• 53:12
  think it's the free speech that they fear.
• 53:16
  I think what they fear is the persuasion.
• 53:18
  You know, we, we, I hear these terms that make me crazy all the
• 53:21
  time, information and misinformation.
• 53:24
  It's how about it's just information, it's opinions and
• 53:27
  facts. And sometimes they're kind of
• 53:29
  muddled together and guess what? We're going to hear opinions and
• 53:34
  facts we don't like. It's called being an adult.
• 53:38
  I think the problem that we've been sold is the idea that free
• 53:44
  speech is going to make us happy and comfortable and tranquil and
• 53:51
  everything's going to be strawberries and and and
• 53:55
  cheesecake. No.
• 53:57
  Free speech is uncomfortable. It's supposed to be
• 54:00
  uncomfortable. You know why?
• 54:02
  Because the world is uncomfortable.
• 54:04
  The world is a difficult place. There's so much amazing things,
• 54:08
  so many amazing things that go on in the world day-to-day.
• 54:11
  But there's also things that happen that make us all
• 54:14
  uncomfortable. And many of us are dealing with
• 54:17
  this on a regular basis. You know, yesterday there were
• 54:20
  six hostages that were found not dead, but murdered and
• 54:25
  brutalized and butchered. Yeah, that's pretty
• 54:27
  uncomfortable, but that's just the reality of life.
• 54:31
  But if you if you embrace the fact that free speech, it's
• 54:35
  uncomfortable, but it's honest and it's reality, then at least
• 54:40
  we'll be able to get to a place where there's less friction.
• 54:44
  And I think what's happening right now, I'll get to the
• 54:46
  protocol thing in a second, because Elon's come in to
• 54:50
  Twitter and he's removed much of the shackles that Twitter had
• 54:55
  been suppressed with the same way you guys were last week.
• 55:00
  There's going to be this pain period going on.
• 55:03
  And this pain period is where all the Pandora's boxes get open
• 55:10
  and people see a whole lot of opinions they like and a whole
• 55:13
  lot of opinions they don't like. And everybody's got a got to
• 55:16
  comb through it and figure out, OK, I got to recenter the world
• 55:21
  and how it works and understand it.
• 55:23
  And you know what, over time, there's a short time a negative
• 55:26
  effect of that. But over the long term, it's
• 55:30
  going to be beneficial to all of us, to everybody, the people we
• 55:33
  like and the people we dislike. And that's what protocols do.
• 55:37
  That's what the Bitcoin protocol does.
• 55:39
  That's what nostril does. It's a long term play.
• 55:42
  It's not a short term solution to make sure you inundate
• 55:46
  yourself with confirmation bias of the opinions you want.
• 55:50
  That's part of the problem that we're we're experiencing is
• 55:53
  everybody's been putting put into silos where they all start.
• 55:57
  Everybody only hears opinions they agree with.
• 56:00
  That's why nobody has any clue who's gonna win the US election
• 56:05
  in November. I mean, I think we know who's
• 56:06
  gonna win, but everybody believes that their team is
• 56:10
  gonna win 'cause they don't talk to people on the other side,
• 56:14
  which was my goal with the trucker convoy.
• 56:17
  I explained to these people that, you know, some of them got
• 56:21
  it, some of them didn't. I need to get the people who
• 56:24
  oppose us on side. And I can do that.
• 56:28
  I can do that with a positive message of hope and coming
• 56:32
  together around unity and just becoming a little bit more
• 56:35
  Canadian again. And we witnessed it.
• 56:38
  You know, you guys wouldn't know in in the United States, but in
• 56:40
  Canada there's always been a divide amongst French Canada,
• 56:44
  Quebec and Western Canada, Alberta, which is basically our
• 56:49
  Texas. But it was fake.
• 56:53
  We learned in the Freedom Convoy, it's all fake.
• 56:56
  When you get the politicians and the media out of the way, all of
• 57:00
  us just kind of get along. And I think that is the ethos of
• 57:05
  what the protocol protocolization of the world is
• 57:09
  going to lead to over time. So yeah, I I completely agree
• 57:12
  with you, man. 100% and we're going to explore more of this
• 57:16
  during the culture segment. The show is running quite long
• 57:19
  today, but if you guys are enjoying the show so far, make
• 57:22
  sure to smash that like button. And we're going to dive deep
• 57:26
  into the culture segment. Talk more about free speech,
• 57:29
  Orange, orange Pilling people with our guest, BJ Ditcher.
• 57:33
  All right, everybody, let's get to the culture.
• 57:35
  Here we go the daily culture all right everybody before I hand it
• 57:47
  off to Opti, I do want to give a shout out to our sponsor, the
• 57:51
  orange pull app Stack friends who stack SAT's join the 12,233
• 57:57
  bitcoiners that are currently on the app.
• 57:58
  The orange pull app is the Bitcoin social layer.
• 58:02
  If you're travelling, you go to a new city, you don't know
• 58:05
  anyone near you the orange pull app is your the number ones
• 58:10
  resource to connect with other bitcoiners.
• 58:12
  So has a very clever geographical feature, so
• 58:16
  literally show you the Bitcoiners that are near you.
• 58:19
  So if you've lived in your city for a while, you're perhaps
• 58:21
  you're travelling to a new city for a conference or whatever.
• 58:25
  It allows you to connect with Bitcoiners that are near you.
• 58:28
  It's also the number one resource for Bitcoin only
• 58:31
  events. So if you go to a conference,
• 58:33
  you're staying there for a week and the conference is only a
• 58:35
  couple of days. What are you going to do those
• 58:37
  other days? That's what the orange pull up
• 58:39
  is for. It's also one of the best ways
• 58:41
  to reach me directly. You'll really answer Twitter DMS
• 58:44
  these days or emails? One of the best ways to contact
• 58:48
  me and start a conversation with me is the Orange Pull app.
• 58:51
  So scan the QR code or check the link in the video description
• 58:55
  and check out the Orange Pull app.
• 58:56
  Today I'm going to pass it on to Opti and talk about today's
• 58:59
  culture. Yeah, well, BJ and I were joking
• 59:03
  a little bit before the show that we want to leave today's
• 59:06
  show on a positive message. Everyone in the chat's like,
• 59:09
  Dang, that that turned it getting kind of dark.
• 59:11
  So we're going to do what we're committed to do is ending the
• 59:15
  show on a positive note. So just to rehash BJ, of course,
• 59:19
  you are infamous for being a part of the trucker's convoy.
• 59:23
  And if you missed the beginning, we really want to maybe have
• 59:27
  some constructive criticism, have an open dialogue with
• 59:30
  Bitcoiners. You guys was watching this on
• 59:32
  how best to orange pill people. And maybe, you know, for better
• 59:36
  or worse, pick on some of the faults that we've been talking
• 59:38
  about recently. And, and I've noticed this as
• 59:40
  well. I've I've been thinking about
• 59:42
  this constantly. Anytime I'm on the phone with
• 59:43
  one of my friends, either that is in the Bitcoin industry or
• 59:47
  just a Bitcoin or in general, we're always wondering, OK,
• 59:49
  what's the best way to get this message across?
• 59:51
  So this is what we're going to talk about right now.
• 59:53
  So I'm going to pass it over to you, BJ.
• 59:55
  How, how do we best persuade and reach people in regards to all
• 59:59
  of the things that we're talking about as Bitcoiners, whether
• 1:00:01
  it's freedom of speech, freedom to transact, you know, the
• 1:00:04
  problems with inflation, all of this stuff.
• 1:00:06
  How do we compact this information so that it comes
• 1:00:11
  across to people? And you, you mentioned earlier,
• 1:00:13
  there is no silver bullet to this.
• 1:00:15
  It's it's more of an ongoing dialogue of planting these seeds
• 1:00:18
  of freedoms into your everyday normie and your friends and
• 1:00:21
  family out there. Yeah, the first thing is don't
• 1:00:24
  ever think you can persuade people with facts.
• 1:00:27
  That's just not how we're wired. That's not like we didn't get to
• 1:00:31
  Bitcoin because I mean, many of us, we understood what it was,
• 1:00:36
  but it was the freedom aspect that there's something off the
• 1:00:41
  system outside of crazy town that I can put my money in and
• 1:00:45
  then the facts come afterwards, right?
• 1:00:47
  Like we always post rationalize. So I understand that's that's
• 1:00:50
  how most people are, especially people who know nothing about
• 1:00:54
  the financial system and don't really care.
• 1:00:56
  And fortunately, that's how most people are.
• 1:00:57
  They don't even know how the Fiat system works.
• 1:01:00
  So if somebody doesn't know how the Fiat system works,
• 1:01:02
  bombarding them with a bunch of facts on, you know, the Bitcoin
• 1:01:05
  protocol is not gonna get them. The other thing is to learn the
• 1:01:09
  different tools of persuasion that well, now you can't talk
• 1:01:13
  about facts. What can you do?
• 1:01:15
  Well, there's things like reciprocity, common ground,
• 1:01:19
  emotional connection, stuff like that.
• 1:01:21
  Like that's how you reach people and it takes time.
• 1:01:25
  It's good. It's not a quick, simple
• 1:01:28
  solution that's going to bring people into the space, but the
• 1:01:31
  best people to practice on, I think you're all going to agree
• 1:01:35
  with this, are your friends and your family.
• 1:01:38
  Because we all know the number one people who don't listen to a
• 1:01:42
  word we say are our own family, right?
• 1:01:46
  We love each other. But you know, you try to share
• 1:01:48
  an opinion with your parents or your aunts or uncles or
• 1:01:52
  whatever, they just dismiss you. So those are the people you need
• 1:01:55
  to practice on. And when you can hone in those
• 1:01:58
  skills on your loved ones and your friends and you figure out
• 1:02:02
  the tools that work most effectively to persuade them to
• 1:02:06
  at least start to open their mind, which is always the first
• 1:02:10
  step, then you'll be you'll be able to persuade absolutely
• 1:02:13
  everybody. So just spend.
• 1:02:15
  And I tell people this also about lockdowns and mandates and
• 1:02:18
  masks and all that sort of stuff.
• 1:02:21
  The reason the government was able to get away with what they
• 1:02:25
  did in locking us all down and bringing us into this dystopian
• 1:02:30
  nightmare is because we weren't talking to each other.
• 1:02:33
  We weren't talking to our neighbors and our friends and
• 1:02:35
  whatever. We all started to become a
• 1:02:37
  little bit isolated and went on the Internet and went into
• 1:02:40
  Twitter Spaces. But the community around us,
• 1:02:43
  we're foreigners to us. So maybe what we got to do is
• 1:02:48
  maybe some sort of communal effort where all of us start to
• 1:02:51
  reach out and learn who our neighbors are, develop
• 1:02:55
  relationships with them so that they trust you.
• 1:02:58
  And those are the people that you can practice the tools of
• 1:03:02
  persuasion about Bitcoin and freedom and that the government
• 1:03:06
  is not always your friend. Because I learned at a very
• 1:03:10
  young age, we always learn about the Holocaust from a very young
• 1:03:13
  age. And what I learned, what I took
• 1:03:16
  away from that that a lot of people seem to miss, is that was
• 1:03:20
  your government. People forget that, you know,
• 1:03:24
  when you hear the stories of Anne Frank, the people who
• 1:03:26
  ratted out those people and sent them to death camps, those were
• 1:03:30
  good citizens that did that because that's what the
• 1:03:33
  government was. That's why the lessons of that
• 1:03:35
  period of history are so important, as well as Rwanda and
• 1:03:39
  many other genocides since, because genocides are committed
• 1:03:43
  by governments. So we now for the first time
• 1:03:48
  have a solution. And this is the positive note.
• 1:03:52
  We finally have some hope. We have a protocol, we have this
• 1:03:55
  Internet, we can get away from crazy town.
• 1:03:58
  And what we need to do is reach out to our friends and our
• 1:04:02
  families and those around us and strangers in our communities and
• 1:04:07
  show them there is a freedom alternative.
• 1:04:10
  And you shouldn't be afraid of that alternative.
• 1:04:12
  Cause a lot of people do want security over freedom.
• 1:04:16
  But you know what? Freedom is the security.
• 1:04:19
  And that's what Bitcoin is. That's your stability in the
• 1:04:22
  future. Because when our governments
• 1:04:24
  talk about, you know, they want to tax unrealized gains.
• 1:04:30
  The the word I think of when I hear unrealized gains, that's a
• 1:04:33
  synonym for retirement fund. So they want to tax your
• 1:04:37
  retirement fund. Why don't you get some money off
• 1:04:40
  the system where the government can't touch it?
• 1:04:43
  And then you have a little bit of a Peace of Mind.
• 1:04:45
  You have that insurance policy. And then you can engage in the
• 1:04:49
  free free speech debate with your friends and community and
• 1:04:53
  bring them over, and then start to oppose the authoritarians who
• 1:04:57
  seem to be gaining a lot of traction in our society today.
• 1:05:02
  Absolutely. I'm bullish on those local
• 1:05:05
  communities. I, I remember a buddy of mine,
• 1:05:10
  you guys know him by the name BTC Sessions.
• 1:05:13
  He did a, he did a, a SAT market in, in Calgary where he's from.
• 1:05:20
  And it was really cool because you put together a market and
• 1:05:25
  everyone just pays each other in Bitcoin.
• 1:05:27
  It's this circular economy. And there was a guy who made
• 1:05:31
  eggs. There was a guy who made
• 1:05:33
  Pickles. There was a guy who made beef
• 1:05:35
  Turkey, which was gone in like 3 hours.
• 1:05:38
  There was a guy who made 3D printed things.
• 1:05:41
  The point that I'm trying to make is if you have a strong
• 1:05:45
  local community and you have peer-to-peer money, right?
• 1:05:50
  And you don't have to rely on, you know, other sources that
• 1:05:55
  empowers you as an individual. And I think society would be
• 1:05:59
  like in a much better place. Than and Nico also, sorry, don't
• 1:06:03
  interrupt. Also because we have this tool,
• 1:06:06
  the Internet, you can now merge that local community with a
• 1:06:11
  broader global community of bitcoiners that you've met.
• 1:06:14
  You know, you meet somebody in your neighborhood who starts to
• 1:06:17
  get curious about it. Bring them into the Twitter
• 1:06:19
  spaces, bring them the toxic happy hour.
• 1:06:21
  Shout out to Anders and Puppy. You know it.
• 1:06:24
  It doesn't just have to be exclusively the local community.
• 1:06:27
  We now have the ability to bridge local communities with
• 1:06:30
  global communities. And if we're doing that, we've
• 1:06:33
  hedged both scenarios. 100 percent, 100% Opti.
• 1:06:38
  Yeah, 100%. And also, I mean, I think this
• 1:06:41
  is like we've been talking about the whole day the power of
• 1:06:44
  peer-to-peer communications and protocols and the like that we
• 1:06:47
  constantly talk about. I think me and Nico been going
• 1:06:50
  really hard on this idea the last couple of weeks of just how
• 1:06:53
  important peer-to-peer is really whether it's information,
• 1:06:56
  whether it's transacting. And I think since we've seen in
• 1:07:00
  the last couple of weeks, This is why we're seeing the powers
• 1:07:02
  that be clamped down on freedom of speech and clamped down on
• 1:07:05
  speech and frame it in such a way so that it seems like this
• 1:07:08
  big bad boogeyman. But in reality, I really like
• 1:07:11
  how BJ put it. You know, you get to see who is,
• 1:07:13
  how do you say it? You get to see who is living in
• 1:07:16
  crazy town. And I, I say it not so nicely.
• 1:07:18
  I'm like, you get to see who an idiot is, you know, when they
• 1:07:21
  speak freely. But I like, I like the way you
• 1:07:23
  put it. It's a lot nicer.
• 1:07:25
  This you get when we talk about everything and all ideas are out
• 1:07:29
  on the table. It just goes to show who is
• 1:07:32
  living in the real world and who has really crazy ideas.
• 1:07:35
  And I think this is a good thing.
• 1:07:36
  And most people, I think, especially in outrage, forget
• 1:07:39
  just how new social media is in general.
• 1:07:42
  I know we've grown up with it in our lives, and it seems
• 1:07:45
  ubiquitous with just everyday life, but it's still a
• 1:07:47
  relatively new phenomenon. And This is why we're seeing the
• 1:07:51
  powers that be clamped down on speech and freaking out about
• 1:07:54
  everyone talking about things and transacting freely because
• 1:07:57
  it just thwarts their power in real time.
• 1:08:00
  And now as individuals, we have more freedom and more
• 1:08:03
  sovereignty, hence why we are in the position we're in.
• 1:08:06
  But I do want to pivot this a little bit BJ because.
• 1:08:09
  Before you pivot, before you can, one more thing, people who
• 1:08:12
  have that divide with you. Let's say for for a lazy
• 1:08:16
  example, we'll take the political divide left and right,
• 1:08:19
  which I don't believe is real. I think it's more collectivist
• 1:08:21
  versus individualist. The people who who you think,
• 1:08:26
  how could this person possibly think this and vice versa?
• 1:08:30
  It's just because they're subjected to different
• 1:08:33
  information, because all of our media lies, alternative and
• 1:08:37
  legacy media, they all lie. They all lie through omission.
• 1:08:40
  So often you find when you just fill in some of the gaps of
• 1:08:44
  information and then you start to realize, oh, they're not so
• 1:08:47
  crazy after all. They just missed this very
• 1:08:50
  important piece. And that's what we can do with
• 1:08:52
  Bitcoin is explain, no, this is it's not, it's not for criminal
• 1:08:56
  money. This is the point, the, the
• 1:08:58
  piece that you're missing. And that's where you can insert
• 1:09:00
  some of the attributes of Bitcoin.
• 1:09:01
  Love it, love it BJ OK, I did. I did tease it in the beginning
• 1:09:05
  of the show and I think we set it up well this whole time.
• 1:09:09
  So BJ on that note, what is your beef with the meme of have fun
• 1:09:15
  staying poor? Why is this not an?
• 1:09:17
  Effective messaging. Firstly, I think it's
• 1:09:22
  hysterical. It's so funny.
• 1:09:25
  The problem is that you're, you're forever making somebody
• 1:09:31
  adhere to Fiat, right? You're being confrontational
• 1:09:34
  with them. You're you're arguing with them
• 1:09:37
  and you're deprecating to them. So if you're saying have fun
• 1:09:41
  staying poor, they're gonna say, OK, fine.
• 1:09:43
  F you, you have fun. Have fun playing with your
• 1:09:45
  Bitcoin. You've completely turned them
• 1:09:47
  off. So as much as it's funny, I get
• 1:09:50
  it. That's not persuasive.
• 1:09:52
  That's the opposite of persuasion.
• 1:09:55
  And that's why I suggest we should be not entirely dropping
• 1:09:58
  it. There's times where it's fun.
• 1:10:00
  Maybe amongst Bitcoiners it's better.
• 1:10:02
  But to people who don't know Bitcoin, they don't need to
• 1:10:05
  stay. They don't need to hear have fun
• 1:10:08
  staying poor. They need to hear.
• 1:10:10
  When you're interested, let me know.
• 1:10:12
  I'm always there for you and that's it.
• 1:10:14
  Love it. OK, well BJ, personally, I, I
• 1:10:18
  mean, I've done some research here, but I'd like to get your
• 1:10:20
  take on this. What?
• 1:10:21
  What are the more powerful tools of persuasion?
• 1:10:25
  It depends on the person. Anything emotional 'cause we're
• 1:10:27
  all gonna communicate a little bit differently.
• 1:10:30
  And for me, I mean, I think reciprocity is a big one, doing
• 1:10:36
  things for other people. And it's also different for men
• 1:10:37
  and women too. I know I'm gonna get, hopefully
• 1:10:41
  we won't get in trouble with YouTube for that.
• 1:10:43
  But men and women communicate differently.
• 1:10:46
  Men communicate usually around a task, whereas women in women
• 1:10:51
  communicate more around the situations of their lives and
• 1:10:56
  emotional issues and stuff. It's not belittling, it's just
• 1:10:59
  we're, we're different, right? So for.
• 1:11:02
  Example that's that's an opinion of yours right For YouTube?
• 1:11:08
  OK, for YouTube. So the idea is like, look, all
• 1:11:13
  of us, people were asking why is Bitcoin, why there's so many men
• 1:11:16
  in Bitcoin? And it's nice to see we're
• 1:11:18
  finally starting to get women come into the space.
• 1:11:22
  It's because we we form relationships based on tasks.
• 1:11:25
  Whether it was working on my motorcycle, I had a crew of
• 1:11:28
  people I hung around with. Working on my car, I had a
• 1:11:31
  different crew of people I hung around with.
• 1:11:33
  You know, when I was a kid and we discovered MP3's and Winamp,
• 1:11:37
  all my buddies were into computers and we would just be,
• 1:11:40
  you know, over clocking our computers and then going to my
• 1:11:42
  parents and saying I thought you could over clock it 200%.
• 1:11:46
  I didn't think that would blow the motherboard, but whatever,
• 1:11:49
  right? Like you come together around a
• 1:11:51
  task and that's how you form your relationships.
• 1:11:54
  So it's kind of dependent upon upon you specifically and you
• 1:12:00
  also you common ground. Sometimes the one thing that's
• 1:12:05
  being used that we shouldn't be using all the time now is
• 1:12:07
  politics. So shared identity, which is
• 1:12:11
  dangerous. And that's kind of why the
• 1:12:12
  collectivists are here trying to destroy identity and distort
• 1:12:17
  what identity is sometimes nationalism.
• 1:12:20
  And in the West, you know, people have a distorted
• 1:12:24
  impression of the importance of nationalism.
• 1:12:28
  It's important for Americans to be proud to be American, and
• 1:12:31
  I'll tell you why. An example of Red Van was when I
• 1:12:36
  had met him many years ago, explained to me, he said, look,
• 1:12:39
  for example, in Turkey, Ataturk decided we are going to be
• 1:12:43
  nationally Turkish. Our religion comes separate, but
• 1:12:48
  we are nationally, our identity is Turkish and we're going to be
• 1:12:52
  Western. And you know what that did that
• 1:12:54
  prevented Turkey from turning into another because Saudi
• 1:12:59
  Arabia or, or, or Qatar or a country like that, it prevented
• 1:13:02
  it from being too extreme on one side.
• 1:13:06
  So identity is an important tool as well.
• 1:13:08
  And finding common identity with people, there's so many.
• 1:13:12
  And then there's pre suasion. You know, an example of pre
• 1:13:15
  suasion is right behind me on that side.
• 1:13:19
  There's a book of honking for freedom that's priming people to
• 1:13:22
  be hopefully interested in understanding and learning the
• 1:13:25
  story of the Freedom Convoy. So it just depends on the
• 1:13:29
  scenario, who you are. There's a great book you can
• 1:13:32
  start with this stuff by Robert Cialdini that was written in the
• 1:13:35
  80s or 90s called Influence and that teaches a lot of the basic
• 1:13:42
  tools of persuasion. But if we learn that in the
• 1:13:45
  Bitcoin free speech space, then it's going to be a lot easier to
• 1:13:50
  reach people who are they're, they're primed, they're looking
• 1:13:53
  for something. Look, right now there's economic
• 1:13:56
  uncertainty. We see all the signs that the
• 1:13:59
  economy is not doing well. This is the perfect landscape to
• 1:14:04
  show people there is a hopeful solution.
• 1:14:07
  Now it's Bitcoin. It was created because of the
• 1:14:11
  GFC. Now's your opportunity to build
• 1:14:14
  your nest egg, your insurance, your insurance policy, if you
• 1:14:17
  will, to prevent any financial catastrophes in the future.
• 1:14:22
  Does that answer your question? Yeah.
• 1:14:24
  Absolutely. I got one final question, Nico.
• 1:14:27
  I know we're trying to end it, but I, I think it'd be a good
• 1:14:29
  positive note to end on BJ. We kind of, Nico kind of touched
• 1:14:33
  on it and, and was a little trolley earlier, but I, I think
• 1:14:36
  we've all felt this as Bitcoiners.
• 1:14:37
  You get to the point where you just start quoting Satoshi and
• 1:14:40
  you're like, look, bro, if you don't get it, I don't have the
• 1:14:43
  time to convince you. So one last advice for the
• 1:14:47
  audience. How do they prevent getting
• 1:14:50
  demoralized when they are talking about Bitcoin and the
• 1:14:53
  doors keeps getting shut in their face?
• 1:14:55
  How do you prevent that and and keep going out there and keep
• 1:14:58
  trying to persuade people? Enjoy your life outside of
• 1:15:02
  Bitcoin. Bitcoin is not everything.
• 1:15:04
  Like I have a whole bunch of different hobbies.
• 1:15:06
  I have two different start-ups I'm involved in right now.
• 1:15:09
  Like my life is quite busy. So Bitcoin is an important
• 1:15:14
  aspect of it. But I don't, I don't spend 100%
• 1:15:17
  of my time on Bitcoin. And I find what happens is
• 1:15:21
  people, they get borderline obsessed with it 'cause they
• 1:15:25
  know how important it is and they focus all their energy on
• 1:15:28
  it. Well, of course you're going to
• 1:15:30
  get burnt out. Maybe what you need to do is
• 1:15:32
  find if you're somebody who needs barriers, maybe you need
• 1:15:35
  to time block that you give yourself, I don't know, 3 hours
• 1:15:39
  a week to orange peel people on Bitcoin in these certain hours.
• 1:15:43
  You know, people go into Twitter and spend all day on Twitter.
• 1:15:47
  You know, if you time block things and it's going to prevent
• 1:15:50
  burnout and it's going to allow you to focus on other things
• 1:15:53
  that in your life that are important.
• 1:15:55
  But if you're singularly focused on Bitcoin, then yeah, you're
• 1:15:59
  gonna burn yourself out. Now you guys are a little bit
• 1:16:01
  different because, you know, Nico, it's your business and you
• 1:16:03
  guys are working together. But I'm sure you too, you have
• 1:16:07
  things outside of Bitcoin. It's important not to forget the
• 1:16:10
  things in your life that give value.
• 1:16:13
  And that's the whole ethos of what the convoy was.
• 1:16:16
  Peace, love, unity and freedom and spending time with those you
• 1:16:20
  love. And if you do that, then it's
• 1:16:23
  going to be a lot easier for you to resonate with people because
• 1:16:26
  you'll you'll be in a much more positive emotional state when
• 1:16:30
  you're trying to reach new people.
• 1:16:32
  I love that, love it. BJ, as I always say, get
• 1:16:34
  outside, touch some grass, eat some good food, you know, get
• 1:16:37
  some exercise in. And as BJ ended his rant with a
• 1:16:41
  good rant, you know I don't mean to paint that in the wrong the
• 1:16:44
  wrong way. But being optimistic is the way
• 1:16:46
  of life, guys. That's right.
• 1:16:48
  Beautiful and beautifully, beautifully sad.
• 1:16:50
  All right everybody, today is September 2nd, 2024.
• 1:16:54
  First simply Bitcoin show of September.
• 1:16:56
  Love it. Starting Q4.
• 1:16:59
  September. Come on, get it right,
• 1:17:01
  September. Historically, Bitcoin tends to
• 1:17:04
  not do so good on September. OK, October.
• 1:17:06
  I'm I'm in between. September or October?
• 1:17:09
  October. Well, hold on, guys, guys, guys.
• 1:17:11
  So you've been in Bitcoin a long time.
• 1:17:12
  How many years? We were like, Oh my God, this
• 1:17:14
  80% volatility, hour to hour, it's got to stop.
• 1:17:18
  Well, it's definitely stopped. We got what we wanted.
• 1:17:20
  There's a little bit of stability in the market.
• 1:17:22
  Bitcoin is the new stable coin. Anyways guys, if you enjoyed the
• 1:17:26
  show before September 2nd 2024, make sure to smash that like
• 1:17:30
  button. We're simply Bitcoin live.
• 1:17:32
  I'm your host, Nico's my Co host Optimus Fields and our guest
• 1:17:35
  today BJ Ditcher. Go check out honking for
• 1:17:38
  freedom.com. Honking for freedom.com.
• 1:17:42
  BJ is holding his book up. I consider him a dear friend and
• 1:17:47
  also a Bitcoin freedom fighter. Alright everybody, love you all.
• 1:17:51
  If you guys enjoyed the show, smash the like button and
• 1:17:53
  consider subscribing if you feel like we provided you value.
• 1:17:56
  We'll be back tomorrow for a brand new episode of Simply
• 1:17:59
  Bitcoin Live. So it was brought to you by
• 1:18:04
  bitcoinwell.com on a mission to enable independence.