Latest / Simply Bitcoin / Nation State Bitcoin FOMO Officially Begins TODAY?! | EP 1164

Transcript

Nation State Bitcoin FOMO Officially Begins TODAY?! | EP 1164 · Simply Bitcoin

• 0:00
  Yo, we've been waiting for this day for over three months and
• 0:04
  maybe even longer, and it's finally here, Inauguration Day.
• 0:08
  But there's still a lot of questions that remain.
• 0:11
  Will Ross get freed on day one? Will Ross get freed later today?
• 0:15
  Will Trump buy the 1,000,000 Bitcoin?
• 0:18
  And why is Trump launching his own altcoin literally days
• 0:22
  before the inauguration? And of course, what will David
• 0:26
  Sachs do as the quote Cryptozar? And we're seeing that the odds,
• 0:31
  the Poly market odds for the strategic Bitcoin reserve are
• 0:34
  skyrocketing. Things are getting crazy.
• 0:37
  There's a lot of noise going on right now, but let's dive into
• 0:40
  it. Let's see some clips from over
• 0:42
  the weekend. The reign of terror against
• 0:45
  crypto is over and the beginning of innovation in.
• 0:53
  America for crypto has just begun.
• 0:56
  You are already seeing results that.
• 1:00
  Nobody expected to see everyone is calling it the I don't want
• 1:06
  to say this, it's too braggadocio.
• 1:07
  But we'll say it anyway. The Trump effect, it's you.
• 1:11
  You're the effect. Since the election, the stock
• 1:15
  market has surged and small business optimism has soared a
• 1:19
  record 41 points to a 39 year high.
• 1:23
  Bitcoin. Has shattered 1 record high.
• 1:29
  Wild, wild times. All right, guys, I'm not alone
• 1:32
  here I am with our boys Chris Alemo and of course, Dom Bay of
• 1:38
  Proof of workforce. So we got a jam packed show for
• 1:40
  you guys, but let's just start with the beginning.
• 1:42
  So the Cliff I just played. First of all, that was David
• 1:45
  sacked at the crypto ball on Friday where Trump denounced the
• 1:48
  official meme coin. You know what's it dollar sign
• 1:52
  Trump. And then the following clip was
• 1:55
  Trump at his event on Saturday. And of course, he's still taking
• 2:00
  credit for the Bitcoin pump. And then this morning, you guys
• 2:03
  saw if you guys were looking at the price, we got an Omega
• 2:06
  candle. Wait, no God candle, God candle.
• 2:09
  We could saw the low from 99 K to the high of 109 K.
• 2:14
  We'll cover where the price is currently.
• 2:16
  But the big story that everyone on Twitter was making a big, big
• 2:21
  fuss about, rightfully so I would say, was the Trump coin.
• 2:25
  So I got an article here from No BS Bitcoin titled President
• 2:28
  Trump yellows a shit coin on the eve of inauguration, a new meme
• 2:32
  coin launched by president-elect Donald Trump has hit a cap
• 2:35
  market cap of over $10 billion, marking Trump's latest venture
• 2:38
  into cryptocurrency and merchandise sales in the lead up
• 2:41
  to his inauguration. Now in a true social post late
• 2:45
  Friday night, I think it happened around I forget what
• 2:47
  time it was, but it was late in the evening, maybe eight 9:00
• 2:52
  Eastern Time. Trump denounced the launch of
• 2:54
  his own meme coin, the official Trump coin, adding that it quote
• 2:57
  celebrates the winning of the presidential election is
• 3:00
  upcoming inauguration and the coin is supposedly going to be
• 3:04
  listed on all the major crypto exchanges.
• 3:07
  But you see a good tweet here from Arkham and it goes Trump's
• 3:09
  net worth Quintiples Quint tipple tuples overnight to $28
• 3:13
  billion. Donald Trump's net worth is up
• 3:15
  $22 billion overnight, assuming the CIC Digital LLC and the
• 3:20
  Fight Fight Fight LLC, which collectively owns 80% of the
• 3:23
  Trump supply, effectively belongs to him at the current
• 3:26
  price of roughly $28.00. It spiked up to $75 and now it
• 3:30
  came back down to about 40 something dollars.
• 3:33
  I think it's 43 ish today at $20.
• 3:36
  That stake is worth $22.4 billion now.
• 3:39
  Forbes estimated the president elects net worth at 5.6 billion
• 3:43
  in November of 2025. If this is accurate, the
• 3:46
  addition of the mean coin stake would be a 5X increase.
• 3:49
  It's what now? Maybe a 10X increase.
• 3:53
  Crazy, crazy stuff. Seeing the president launch his
• 3:56
  own chick coin. We're we're entering into some
• 3:59
  peak clown world stuff, entering a whole new era.
• 4:02
  Now going into more of the deep details.
• 4:04
  The tokens website includes a disclaimer stating that Trump is
• 4:07
  not intended to be or the subject of an investment
• 4:09
  opportunity or any type of security and is not political
• 4:12
  and has nothing to do with Trump's campaign office or
• 4:14
  government agency. The project developers have
• 4:17
  launched a coin on the on the blockchain and have initially
• 4:20
  limited Trump's supply for 200 million coins and planning to
• 4:23
  expand it to 1 billion / 3 years.
• 4:26
  You see Predator, you know, losing his mind over the 80%
• 4:29
  allocation and I think this is the big point.
• 4:32
  This is the big point of the Trump shit coin launch.
• 4:36
  Regardless of how it all goes, the launch of the Trump meme
• 4:39
  coin by the president of the United States potentially marks
• 4:41
  a significant shift in the previously complicated
• 4:44
  relationship between US regulators and the Bitcoin
• 4:46
  space, as well as other digital assets.
• 4:49
  We got a good quote here from Preston Byrne and goes one thing
• 4:52
  that my crypto lawyer colleagues seem to agree on is that the
• 4:55
  Trump project is one of the most significant things that happened
• 4:58
  to the industry, period. The president of the United
• 5:00
  States just yellowed a shit coin, a term of art in our
• 5:03
  industry on the eve of his inauguration.
• 5:06
  This was hitherto 2 completely unthinkable, wrote Preston Byrne
• 5:11
  you know Bitcoin crypto lawyer now he did right now officially
• 5:16
  we were kind of just watching a little bit been inaugurated as
• 5:19
  president and you know it's just absolutely nuts really crazy
• 5:24
  stuff but the questions remain the same and we'll see this play
• 5:27
  out later today. He's going to have an event at
• 5:29
  the Capital One Arena. I think it's supposed to be
• 5:32
  around 1:00-ish, so about right when the show ends.
• 5:35
  And it looks looks like he is going to be doing the executive
• 5:39
  orders live on stage. So we'll have to see what
• 5:42
  happens tomorrow. But later today we'll see
• 5:45
  exactly what gets pushed through.
• 5:47
  Now all the bit corners of course are are losing their
• 5:51
  minds over the fact that Trump launched his own shit coin.
• 5:53
  And when you could really compare this to what Boo Kelly
• 5:56
  did, he stacked Bitcoin when that announcement happened.
• 6:00
  But we got a good quote here from Jack Mueller's on Primal
• 6:03
  and he goes, I hope the mean coins and crypto nonsense in the
• 6:05
  US highlights just how extraordinary El Salvador's
• 6:08
  Bitcoin journey really is. And that's also a very, very
• 6:12
  stark contrast we're seeing right now.
• 6:14
  Now going to the Poly market odds, we'll see, you know, what
• 6:17
  actually happens later today. But oh wow, look, it went down.
• 6:20
  So earlier this morning, the Poly market odds for will Trump
• 6:23
  create a Bitcoin reserve in the 1st 100 days reached up to about
• 6:26
  55%. I think it was over around 59%.
• 6:29
  You're seeing it's at 46% right now.
• 6:32
  And so it seems like the odds are kind of going down at least
• 6:35
  this is what we're in real time. And the latest one that Chris
• 6:39
  just hit me to this morning. Who will Trump pardon in the 1st
• 6:42
  100 days. You can see here even the Ross,
• 6:45
  we literally just checked this before the show.
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  It was at 85% right now it's at 77%.
• 6:51
  So it looks like which? Which one of those is 90?
• 6:55
  Percent. January. 6th yeah yeah well, he
• 6:59
  officially said that but yeah we're seeing some crazy stuff
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  now my biggest take away and I'm and I'm kind of trolling at this
• 7:07
  point, but really not like the the one of the most ironic
• 7:11
  things about this whole story is you know Gary Gensler steps down
• 7:15
  and Trump launches his own shit coin.
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  Maybe Gary was the good guy after all.
• 7:20
  Maybe Gary was holding back the flood of shit coinery.
• 7:24
  Now I think the big thing that we are seeing and and of course
• 7:29
  we're we're, we're Bitcoin Maximus, we're only Bitcoin.
• 7:32
  This is why we're simply Bitcoin.
• 7:33
  We only hold Bitcoin. We only really tell everyone to
• 7:36
  hold Bitcoin because we think this is the only thing that's
• 7:38
  going to be a long term viable play.
• 7:40
  And then of course, if you follow the Trump coin saga,
• 7:45
  Trump or official Trump, you know, party team, they dropped
• 7:49
  another shit coin, the Melania coin on yesterday and the Trump
• 7:54
  coin just nuke like 50%. And This is why we tell you guys
• 7:58
  not to own meme coins. So it is kind of on the one hand
• 8:02
  very interesting and hilarious that Trump created an altcoin
• 8:06
  kind of rugged the MAGA base with another altcoin in what a
• 8:10
  day and 1/2 or something like that.
• 8:12
  And This is why we tell you guys not to use meme coins.
• 8:15
  This is why you avoid the meme coins.
• 8:17
  Now, I think this is kind of a really bad look for him
• 8:21
  personally, but also for the industry at large.
• 8:23
  This could maybe have a lot of detrimental effects moving
• 8:26
  forward for our whole industry. But the secondary point that I
• 8:29
  think is being missed on a lot of people, and Preston Byrne
• 8:33
  kind of hit on it, is we're entering what seems to be some
• 8:37
  form of unfettered capitalism here, unfettered free market
• 8:40
  capitalism, full degeneracy going on.
• 8:43
  Of course a man who owns a casino would obviously create
• 8:47
  his own shit coin, so maybe we're just like one shooting
• 8:50
  America from shit coins to being pro Bitcoin in real time.
• 8:54
  But it is looking like we are going to see a totally different
• 8:59
  political and regulatory stance on Bitcoin and of course all of
• 9:04
  the shit coins that follow. But I think I think overall
• 9:08
  Bitcoin will win here. And again, my stance throughout
• 9:11
  this whole thing is as long as they get out of the way of
• 9:14
  Bitcoin. And there's been a lot of
• 9:15
  speculations of what these executive orders will be.
• 9:19
  I think Bitcoin is obviously going to win.
• 9:21
  You should not be holding these main coins.
• 9:22
  And I heard a new speculation this morning.
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  I don't know if I should, you know, relate it on the show, but
• 9:27
  they're saying that maybe one of these executive orders, we've
• 9:30
  kind of been talking about what they are one, of course, the
• 9:32
  Ross Ulbricht day one release. The second one is the strategic
• 9:36
  Bitcoin reserve. The third one that we got come
• 9:39
  out, I believe it was last week, it was repealing the SAB 121.
• 9:43
  Now, the latest rumor that I heard and of course these are
• 9:46
  all rumors and we'll hear about this later, is that there's the
• 9:49
  potential of eliminating capital gains taxes on Bitcoin.
• 9:52
  Now, if he does that last one, I don't care what you say about
• 9:56
  orange man, he's good in my book here.
• 9:59
  And of course, we're also seeing that we're seeing a MO more pro
• 10:03
  Bitcoin SEC go in. So it's some crazy time.
• 10:08
  There's a lot of noise going on. Obviously, we won't know what
• 10:11
  actually happens till later. Maybe the strategic Bitcoin
• 10:14
  reserve does get pushed through in the 1st 100 days, but he
• 10:17
  needs to release Ross today. That's one of the biggest
• 10:22
  things. And of course, he's been saying
• 10:23
  for a while, all promises made will be kept.
• 10:26
  So it looks like later today Ross might be freed.
• 10:31
  And I think that would also be a huge thing for not only us
• 10:34
  Bitcoiners, but for Ross himself.
• 10:36
  And you know, if he follows through on this stuff
• 10:39
  personally, you guys cannot like Trump all you want.
• 10:41
  He's obviously a very divisive figure here.
• 10:44
  And the Trump shit coinery does leave a bad taste in our mouths,
• 10:48
  obviously here at simply Bitcoin.
• 10:50
  But if he follows through on some of this other stuff, it
• 10:52
  looks like we are going to get a very, very interesting next four
• 10:56
  years. And I've been telling you guys
• 10:58
  for a while, you know, I, I had our boy Roman kind of hit me in
• 11:01
  the DMS this weekend. He's like, dude, I told you
• 11:04
  Trump was going to rug pull us. And, and I've been saying it on
• 11:07
  the show. Now we're seeing that Wall
• 11:10
  Street is coming in and they are catching the shit coin bug.
• 11:14
  So as much as we thought last year that the altcoins would be
• 11:18
  completely eliminated in the US, it looks like we are going to
• 11:22
  get a whole new round of degeneracy and it's going to be
• 11:25
  bigger than ever. And I think this is where as a
• 11:28
  Bitcoiner, a Bitcoin maxi, it's more important than ever for us
• 11:31
  to continue to communicate why people need to be holding
• 11:34
  Bitcoin, why you want to avoid all the coins, that there's no
• 11:37
  longevity and all that stuff. And it does look like the store
• 11:40
  of value meme and the store of value properties of Bitcoin is
• 11:44
  catching on. And also let's not forget that
• 11:46
  Sailor has met with all of Trump's cabinet members over the
• 11:49
  weekend as well. So there is there is a shining
• 11:53
  light throughout all of the crazy things we've seen over the
• 11:55
  weekend. But it was a crazy weekend to
• 11:59
  say the least. And I think this is kind of what
• 12:01
  we're going to be seeing for the next 4 years.
• 12:03
  Obviously, we are speculating here.
• 12:05
  We really don't know what's going to play out until a little
• 12:07
  bit later today. But I think overall, this is
• 12:10
  going to be very good for the Bitcoin industry.
• 12:13
  Obviously, a lot of people will most likely make make a bad
• 12:17
  choice and get into some meme coins.
• 12:19
  But as we've been saying on the show for a while, why is the
• 12:21
  government picking winners and losers?
• 12:23
  And obviously that that means that people should be able to
• 12:26
  put their hand on the stove and wreck themselves.
• 12:28
  And that's the surest way to get into Bitcoin.
• 12:30
  So hopefully people listen to the Bitcoin Maxis out here and
• 12:33
  tell them, hey, you want to just hold Bitcoin.
• 12:36
  But man, it's some crazy time now.
• 12:39
  It's always a good balance when I pass it over to Chris first.
• 12:41
  So Chris, this is the 65 IQ take on what's going on.
• 12:46
  What's your take on all the crazy stuff?
• 12:48
  You can start with the Trump coin and then maybe you can, you
• 12:51
  know, go into speculating about the executive orders.
• 12:54
  And then of course, what like what is David Sachs going to be
• 12:57
  doing here? And let's not forget David Sachs
• 13:00
  has a financial incentive to pop Solana coin.
• 13:03
  So very interesting stuff that we're seeing right now.
• 13:07
  It seems like the floodgates to complete unfettered degeneracy
• 13:10
  is coming to America. Hopefully, a lot of Bitcoin
• 13:13
  businesses come back. Hopefully we get the Lightning
• 13:15
  wallets back in the US, but it's some crazy time.
• 13:18
  So Chris, what's your thoughts? I think shit corners are going
• 13:22
  to shit coin. In the wise words of American
• 13:23
  Huddle, shit corners love Bitcoin too.
• 13:25
  They just love your Bitcoin. So stay humble Stacks sats out
• 13:29
  there. I mean, I, I mean, a lot of
• 13:32
  times I just like to entertain myself by looking at what the
• 13:34
  the contracts are for these shit coins.
• 13:37
  And like Trump's contract, I think it was like there was like
• 13:39
  different rounds. Obviously there was insiders and
• 13:42
  then like wave 123 all the way through 6.
• 13:44
  I think right now, if you were buying Trump meme coin, which I
• 13:47
  do not advise, we do not advise here.
• 13:48
  It's simply Bitcoin. There's a lock up period of 24
• 13:51
  months. That's plenty of time to drain
• 13:53
  the liquidity and basically you getting dumped on retail.
• 13:55
  Like you give them your money, you can't move it for 24 months
• 13:59
  and they just sell into the open, quote UN quote open
• 14:01
  market. As you know, people are buying
• 14:03
  in and getting locked up. So basically shit coin showing
• 14:06
  that they preferential treatment to insiders and that they get
• 14:09
  dumped on retail. So don't buy the Trump coin or
• 14:12
  Melania coin or Baron coin when it releases or Don Junior,
• 14:15
  although that would be a great name for a a freaking meme coin.
• 14:19
  But no, I I don't don't do that. Stack SAT stay humble in that
• 14:23
  order in terms of the executive orders.
• 14:26
  I mean, I'll speak for myself. Like the one thing, the only
• 14:28
  thing that I'm really hoping for that Trump does is pardoning
• 14:31
  Ross. And I'm I'll be straight up with
• 14:32
  that. If he does anything on above
• 14:34
  that in terms of, you know, getting rid of capital gain tax
• 14:37
  on Bitcoin or getting rid of taxes on Bitcoin, that's just an
• 14:40
  added bonus. But just free Ross, you know, I
• 14:42
  hope he sticks to his promise of day one freeing him.
• 14:45
  Ross has been, I would say, a political prosecution and he's
• 14:49
  been in jail way too long at this point.
• 14:51
  So I just hope for him, his mom, his family and his loved ones
• 14:54
  that he goes walks free today. With that being said, yeah, I
• 14:59
  think a lot of the fintech or the Silicon Valley Bros
• 15:03
  definitely saw an opportunity at the White House.
• 15:05
  It was kind of like, you know, I'd say the legacy or the, how
• 15:12
  do I describe it, the establishment left up against
• 15:15
  the corporate Silicon Valley right there.
• 15:18
  Now. That's the way that it was.
• 15:19
  Many of them were more on the left, I would say that.
• 15:23
  And then with blunders in the previous administration for
• 15:25
  attacking businesses, whether it's in the banking or fintech
• 15:29
  sector, whether it's attacking the Bitcoin and crypto industry
• 15:31
  at large, whether it was the mishandling of, you know, a lot
• 15:35
  of the proxy wars that were in between Ukraine and Israel and
• 15:38
  Gaza. So I just think it was a lot of
• 15:40
  blunders over the last few years that have really swung the
• 15:42
  pendulum in the United States the other way.
• 15:45
  I think I err on the side of Whitney Webb and Mark Goodwin in
• 15:49
  the sense that, you know, we want to be cautious, very
• 15:53
  cautious, slash bearish on like the administration coming in.
• 15:57
  I know a lot of the Bitcoiners and I know Roman's in the in the
• 16:00
  chat blowing it up, saying that, you know, you don't want to put
• 16:03
  all your eggs in one basket. And you know, if you're putting
• 16:05
  the hands of your fate of yourself and your family and
• 16:08
  that of politicians, you're only ever going to be disappointed.
• 16:10
  That remains the same for both Democrats and Republicans.
• 16:13
  I do think this industry is going to be kinder to our
• 16:16
  industry, but that comes with the cost of, you know, we're
• 16:18
  seeing it right before inauguration, the shit coining.
• 16:21
  I think that many people in the world back in 2016 or
• 16:24
  20/17/2018, there was a lot of the shit coinery of the ICO
• 16:27
  phase or the initial coin offering.
• 16:29
  I definitely think like, you know, time's a flat circle or a
• 16:32
  straight line in the sense that, you know, we're back in square
• 16:34
  one of where it's going to be. And I think there's just more
• 16:37
  and more people now aware of Bitcoin and crypto at large.
• 16:39
  And I just think we're going to go through for a whole new
• 16:41
  cycle. I think it was Harry Sudock or I
• 16:44
  don't know who was saying it. Like, or maybe even Jeff Booth
• 16:46
  was saying shit coins or crypto is going to stay around from
• 16:49
  here until eternity. Like, yeah, many 99% of the
• 16:52
  projects are going to die. But the new ones that are coming
• 16:54
  out are just the new grift or like a brand new grift or a new
• 16:57
  way of spinning the same thing that they were doing before.
• 17:00
  So, you know, Trump's coin is a is an example of that.
• 17:03
  Melania, whatever it is, stay humble.
• 17:05
  Stack sats, take it into self custody.
• 17:07
  Buy non KYC preferred. I think that's the best way to
• 17:10
  protect yourself. In terms of any of the other
• 17:12
  executive orders, I don't know. Like I said, I'm I'm really
• 17:15
  hoping that Ross one comes true, but there was a lot of promises
• 17:19
  that are made and you know, politicians, them making
• 17:22
  promises, they don't always come through.
• 17:23
  So we'll see. Let's go.
• 17:26
  Can agree more, can agree more. Let's get a Dom Bay.
• 17:29
  What is your thoughts on all of the crazy stuff we see come out
• 17:32
  of the Trump team? And then also, are you hopeful
• 17:35
  for the next 4 years? How do you think this regulation
• 17:38
  stuff's going to play out? How do you think this is going
• 17:40
  to work in Bitcoin's favor? You know, I wasn't going to do a
• 17:45
  meme coin. My advisors told me.
• 17:47
  They said, they said don't do it, it's bad.
• 17:50
  It's going to be very not Bitcoin.
• 17:52
  But Baron, he got a hold of me and you saw Melania dropped her
• 17:57
  thing and I had to do it. And so I did it and we've done
• 18:00
  it. But we'll move forward and we'll
• 18:02
  do other things and then we'll do Bitcoin, OK.
• 18:06
  And so I don't know man, just there's not, I tweeted a while
• 18:11
  ago, there's not enough popcorn. Who?
• 18:13
  We need a popcorn reserve because the circus is on for the
• 18:16
  next 4 years. It's going to be wild.
• 18:19
  How do I feel? You know, again, I see a lot of
• 18:22
  comments or folks are like, hey, you know, we knew this was going
• 18:25
  to happen again. We had choices between the fire
• 18:28
  and the frying pan, right? And we're going to have to deal
• 18:30
  with stuff either way. I hope Ross gets released.
• 18:33
  That's priority number one. That's enough time served.
• 18:37
  And additionally, regardless, we're going to help workers
• 18:42
  stack sats in self custody. They will find Bitcoin, they
• 18:45
  will support the network. They will say this is mine, it
• 18:49
  cannot be confiscated for me. It can't be diluted.
• 18:52
  You can't tell me how and when to use this.
• 18:55
  And you know, Bitcoins here for the wage earner.
• 18:58
  So either way, the work and the show go on.
• 19:02
  Let's go. Actually, Dom, you brought up a
• 19:03
  good point because, you know, I've been saying this for a
• 19:06
  while in regards to the institutions losing the, you
• 19:09
  know, the population's trust. And for Bitcoiners, obviously, I
• 19:14
  think we've lost that trust a long time ago.
• 19:16
  But seeing the presidential candidate dropped his own shit
• 19:19
  coin, I'm sure it just really makes a lot of bitcoiners tune
• 19:23
  out. And I think as this process
• 19:26
  plays out and people kind of become more aware of the of, you
• 19:29
  know, the shenanigans that comes out of Washington DC, maybe more
• 19:34
  people are waking up. Like the silver lining of all
• 19:36
  this is cloud world is peaking and it's only going to get
• 19:40
  crazier. But This is why you find Bitcoin
• 19:43
  Zen. And like you said, the, the
• 19:45
  average everyday American saving and storing and transacting in
• 19:48
  Bitcoin is how we get people to a more optimistic future.
• 19:52
  And they realize, hey, look, it's all about personal
• 19:54
  sovereignty here. No one's going to come save you.
• 19:56
  Yes, there may be some favorable laws, etcetera, etcetera,
• 19:59
  etcetera, But in reality the most important.
• 20:02
  Thing for you to do is make the choice to go into something that
• 20:05
  cannot be debased. I think at these points and
• 20:07
  these moments, it's super important to emphasize just how
• 20:10
  important that 21 million hard cap is, how important the
• 20:13
  permissionlessness of the the network is censorship resistant,
• 20:17
  etcetera. Like now is the time to continue
• 20:20
  to beat on the Bitcoin messages, the Bitcoin memes because a lot
• 20:24
  of new people are going to come into the market and it's a whole
• 20:28
  new it's like a what's it's like Groundhog Day all over again.
• 20:32
  It's a whole new round of people that are going to put their hand
• 20:35
  on the hot stove and we have to go out there and do the hard
• 20:39
  work and educate people and show them that hey, it is Bitcoin
• 20:42
  only there is no second best. You need to hold Bitcoin.
• 20:46
  Ignore the noise of all the what what are we at now 20,000 alt
• 20:50
  coins. It's all about Bitcoin.
• 20:52
  Everything else is riding on the tail of Bitcoin.
• 20:55
  So it's more important than us for now than ever to continue to
• 20:58
  talk about Bitcoin. Why we Bitcoin, the importance
• 21:00
  of Bitcoin because because people, new people are going to
• 21:03
  come in, they're going to be greener than ever.
• 21:05
  It's the what's the eternal September moment of Bitcoin all
• 21:09
  over again. It's going to get absolutely
• 21:11
  crazy. And you guys and us here, we got
• 21:14
  to do the hard work of educating people.
• 21:16
  It's not going to be an easy ride.
• 21:18
  I know a lot of us Bitcoiners have kind of tuned out of doing
• 21:21
  that because, you know, people looked at us like we were idiots
• 21:24
  for the last what, 7843 years. And now I think it's very
• 21:29
  important for the troops to rally and start to talk about.
• 21:32
  But anyways, guys, we got a long show for you guys.
• 21:35
  Of course, in the numbers, some more news coming out of people
• 21:39
  leaving office. Today's numbers is going to be
• 21:41
  on Janet Yellen. And then we did get an update on
• 21:43
  Tornado Cash. And of course, in the culture we
• 21:45
  got Dombe and Chris here. So we're going to be talking
• 21:47
  about proof of workforce, literally hitting on the message
• 21:50
  of getting Bitcoin into the hands of everyday Americans.
• 21:53
  On that note, though, we do have to pay the bills here.
• 21:55
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• 23:41
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  wrecked on generational wealth. You need to ensure you back up
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  your Bitcoin properly. Also guys, on that note, there
• 25:33
  is over 2200 of you guys watching the show.
• 25:36
  Make sure you smash the like button.
• 25:38
  If it's your first time here, make sure you hit the subscribe
• 25:40
  button and you know also comment on the on the video.
• 25:43
  Let us know what your thoughts are on all the crazy stuff we've
• 25:46
  been seeing over the weekend. But of course I'm over here on
• 25:49
  Clark movie's dashboard. We got to read some Bitcoin
• 25:51
  numbers. Current Bitcoin price is 103,
• 25:54
  $1780 per Bitcoin. The current SAT per dollar AKA
• 26:00
  how much Bitcoin you can buy for a single dollar AKA how much the
• 26:03
  dollar is worth in Bitcoin it's currently at 964 SAT's per
• 26:07
  dollar. Feels so good being under that
• 26:09
  thousand SAT's per dollar. The current block height is
• 26:11
  880,000 and 96 I repeat 880096. And the market cap of Bitcoin in
• 26:17
  Fiat terms is at 2.06 trillion. The Bitcoin versus gold market
• 26:21
  cap is currently it's it's at 10 point 99 Percent, we're almost
• 26:25
  at 11% and the total percentage of Bitcoin that will ever be
• 26:28
  issued is currently at 94.34%. With roughly 19.8 million
• 26:33
  bitcoins circulating. You might want to get some just
• 26:36
  in case it's catching on. Well, rather, it is catching up.
• 26:39
  All right, guys, So crazy stuff going on.
• 26:43
  Not only are we seeing a presidential candidate launch
• 26:46
  his own meme coin, you know, we're seeing Gary Gensler step
• 26:50
  down. But over the weekend, we also
• 26:52
  saw Janet Yellen step down and she left this incredible insane
• 26:59
  letter. And let's not forget that.
• 27:01
  What was it last week? We were kind of trolling her and
• 27:05
  fact checking her on this idea that the amount of money that
• 27:08
  they printed for the stimulus in 2020 was the very reason why
• 27:13
  we're seeing inflation. But of course, Janet Yellen's
• 27:16
  like, oh, it, it, it only factored into a little bit of
• 27:19
  the inflation. Well, let's read this letter
• 27:21
  here, guys, and let's see what she's saying on her way out.
• 27:24
  It's very interesting how transparent they are when they
• 27:27
  are leaving office. But when they're in office, you
• 27:30
  know, they're talking out of both sides of their mouth here.
• 27:32
  So of course we have Janet Yellen here and it's it's this
• 27:36
  letter is sent to Honorable Mike Johnson, Speaker U.S.
• 27:39
  House of Representatives. And this was January 17th.
• 27:41
  So what's that? Friday she goes.
• 27:43
  Dear Speaker, I write to keep you apprised of actions the
• 27:46
  Treasury Department is taking in regards to the debt limit.
• 27:50
  Again, they they have no money. They're already bankrupt at this
• 27:54
  point, but let's keep going. In my letter of December 27th,
• 27:57
  2024, I noted that the Fiscal Responsibility Act of 2023
• 28:01
  suspended the statutory debt limit through January 1st, 2025
• 28:05
  and establish a new limit effective January 2nd.
• 28:07
  And I inform you that the Treasury expected to reach the
• 28:10
  new limit between January 14th and January 23rd.
• 28:14
  This letter serves to notify you pursuant to five USC of the
• 28:18
  extraordinary measures that Treasury will begin using on
• 28:21
  January 21st. So tomorrow.
• 28:24
  First, I have determined that by reason of the statutory debt
• 28:27
  limit, I will be unable to fully invest a portion of the Civil
• 28:30
  Service Retirement and Disability Fund not immediately
• 28:33
  required to pay beneficiaries and that a quote debt issuance
• 28:36
  suspension period will begin on Tuesday, January 24th of 2025
• 28:40
  and last through Friday, March 14th, 2025.
• 28:44
  My predecessors have declared debt issuance suspension period
• 28:47
  under similar circumstances. With these determinations, the
• 28:50
  Treasury Department will suspend additional investments of
• 28:52
  amounts credited to and redeem a portion of the investments held
• 28:55
  by the CSRDF as expressly authorized by law.
• 29:00
  In addition, because the Postal Accountability Enhancement Act
• 29:04
  of 2006 provides that investments in the Postal
• 29:06
  Service Retiree Health Benefits Fund shall be made in the same
• 29:09
  manner as investments for the CSRDF, the Treasury Department
• 29:13
  will suspend additional investments of amounts credited
• 29:15
  to the PSRHBF. By law, the CSRDF and the PSRHBF
• 29:21
  will be made whole, but once the debt limit is increased or
• 29:24
  suspended, federal retirees and employees will be unaffected by
• 29:27
  these actions. Now here is, you know, the big
• 29:30
  kahuna, right when she leaves. The period of time that
• 29:32
  extraordinary measures may last is subject to considerable
• 29:35
  uncertainty, including the challenges of forecasting the
• 29:38
  payments and receipts of the US government months into the
• 29:40
  future. The debt limit does not
• 29:42
  authorize new spending, but it creates a risk that the federal
• 29:45
  government might not be able to finance its existing legal
• 29:48
  obligations that Congress and president of both parties have
• 29:51
  made in the past. I respectfully urge Congress to
• 29:54
  act promptly to protect the full faith and credit of the United
• 29:57
  States. Very interesting to end the this
• 30:00
  letter considering, you know, the dollar is backed by the full
• 30:03
  faith and credit of the United States.
• 30:04
  And Trump's coming in talking about, you know, a strategic
• 30:07
  Bitcoin reserve and RFK junior has been talking about backing
• 30:10
  the dollar with Bitcoin. So now as she leaves office,
• 30:14
  she's kind of talking about, hey, there's actually some
• 30:16
  concerns here. Maybe, you know, this inflation
• 30:20
  thing and the expansion of the money supply is getting kind of
• 30:22
  crazy. Our U.S. debt is getting kind of
• 30:24
  crazy. Maybe this is something you
• 30:25
  should, you know, focus on now that this is not my job anymore.
• 30:29
  And Balaji goes, Yellen left the time bomb cash spent down.
• 30:33
  Extraordinary, extraordinary measures begin.
• 30:36
  Debt ceiling hit and two months to raise it.
• 30:39
  Just absolutely incredible clown world that we're seeing here.
• 30:43
  She's been groveling on stage for the last couple of years
• 30:46
  about, oh, no, we have everything under control now as
• 30:49
  she's leaving. She's like, yeah, we might need
• 30:52
  to raise this debt. We have literally no more money
• 30:55
  left to pay all of our obligations.
• 30:57
  And the reason we're bringing this up and talking about this
• 31:00
  on simply Bitcoin is obviously this is the problem with the
• 31:04
  Fiat traditional world that we talk about here.
• 31:06
  The more they expand the money supply, the more they raise that
• 31:08
  debt limit, the more money they spend, the more debt we incur as
• 31:13
  the US government, the less your purchasing power is.
• 31:16
  And I'm sure this is one of those things that kind of went
• 31:19
  under the radar because of so much crazy stuff going over the
• 31:22
  weekend. But This is why we are
• 31:24
  Bitcoiners. It's because of the 21 million
• 31:27
  hard limited Bitcoin. They cannot debase your
• 31:29
  purchasing power. It's the it's the superior way
• 31:32
  to store your value. And as you can see, there is a
• 31:36
  lot of smoke going on in the traditional financial system.
• 31:40
  And finally, we start to get a little transparency on what is
• 31:44
  actually going on when people are starting to leave office.
• 31:48
  It's getting crazy out there. Protect yourself.
• 31:50
  Make sure you're starting to hold Bitcoin.
• 31:52
  Obviously, as a Bitcoiner, you know this.
• 31:54
  But if there is new people watching this, if there are new
• 31:57
  bitcoiners, this is when you need to put your foot to the
• 32:01
  pedal and start to stack Bitcoin.
• 32:03
  Because not only is the price gonna go up, but also inflation
• 32:06
  is seemingly going to increase. It looks like the money printer
• 32:09
  is gonna go get turned on at an accelerated rate and you need to
• 32:12
  protect yourself. And before the show, we were we
• 32:15
  were kind of trolling about and we were literally talking about
• 32:17
  this in a in a different segment of just like how crazy things
• 32:21
  are going. So I'm going to pass it over to
• 32:22
  Dombey. What's your thoughts on Janet
• 32:25
  Yellen coming out and saying, hey, wait, we have no money.
• 32:28
  We need to raise the debt limit here.
• 32:30
  Yeah, I'm going to take the alternative view and that Janet
• 32:33
  Yellen's just giving a pretty standard end of term report
• 32:37
  saying like, hey, y'all, everything's there as you would
• 32:39
  expect it, business as usual. You'll have to raise the, the
• 32:43
  debt ceiling again, which is pretty par for the course.
• 32:46
  Now there's a little piece in there about only, only be having
• 32:50
  to pay liabilities for some of these like funds, which one of
• 32:54
  them was a retirement fund. We always talk about workers on
• 32:57
  there. That's, that's frightening.
• 32:58
  Like, hey, we can't invest the money into the portfolio.
• 33:00
  We have to just pay people and we don't have the money, but
• 33:05
  they're going to have to issue T-bills and business as usual,
• 33:10
  right? It it when it comes across the
• 33:11
  paper, you're like, whoa, this is gnarly.
• 33:15
  But when you look at what they've done in the past five
• 33:17
  years, pretty standard operating mode for the Treasury.
• 33:23
  Yeah, 100%. I mean, I, I said it a while ago
• 33:26
  and I got in trouble. I'm like, it doesn't matter
• 33:28
  which politician, you know, it gets put in as the figurehead
• 33:31
  that they're going to have to continue to print money.
• 33:33
  So hey, it looks like the money printer's turning on.
• 33:36
  And you know what that means for Bitcoin, It means numbers going
• 33:39
  to go up. So I guess Loki Bullisher, I
• 33:43
  don't know, bullish. One of your one of your fans
• 33:45
  said do it in your Trump voice. They wanted the same report.
• 33:48
  So I'll give them a quick brief 1.
• 33:50
  You know, here's the thing, OK, Is that Janet Yellen?
• 33:53
  She's she's always yelling and that's why it's her last day
• 33:56
  today. We're friends.
• 33:57
  We do get a wedge salad from time to time.
• 34:00
  And Crooked Hillary is there at times and and we allow her to
• 34:04
  sit near us. But Janet Yellen, she did an OK
• 34:07
  job in the Treasury and we're going to fix it.
• 34:09
  We'll do tariffs and we will re establish the dominance of the
• 34:14
  US. And so don't worry about that.
• 34:16
  You'll get your retirement and everything will be good.
• 34:20
  Lol absolutely. Mom's got four years to work on
• 34:25
  that. We got Hey, whoa, whoa.
• 34:27
  What do you mean what you mean? Work on it bro you.
• 34:31
  We we gotta keep. Using it four years.
• 34:33
  Bro, you remember we did that podcast where my voice was lost,
• 34:36
  where I was here? Well, you know, here's The
• 34:38
  thing, is that the problem with Yellen is that.
• 34:41
  Oh man, Katie. 'S work.
• 34:42
  But yeah, yeah, OK. All right, Chris, what's your
• 34:45
  thoughts on Janet Yellen's report leaving and and what does
• 34:48
  what does this mean for Bitcoin from the right side of the bell
• 34:51
  curve? I think it means I kind of take
• 34:55
  a similar stance to Dom. It's just like, hey, the
• 34:57
  finances are fucked, here's what the way I'm leaving them.
• 35:00
  But we need to raise the debt limit.
• 35:02
  We need to print more money and all asset prices are going up,
• 35:05
  but mostly Bitcoin. I will caveat and say that it is
• 35:09
  kind of fucked that like Dom and I talk about this a lot with
• 35:13
  dealing with pensions and workers and all that.
• 35:15
  Basically, imagine your employer being like, hey, this promise
• 35:17
  that we made, we're going to match your 401K, your 403B, you
• 35:21
  know, your retirement account. And then just all of a sudden,
• 35:23
  hey, we got to pay people. We're out of money.
• 35:25
  So we're not going to do the match.
• 35:26
  And like that's going to obviously affect you and your
• 35:29
  ability to retire. This is why we advocate for
• 35:31
  Bitcoin to hold it in self custody yourself.
• 35:33
  We obviously advocate for pensions to start putting
• 35:36
  Bitcoin on their balance sheet as a way to cover their
• 35:38
  liabilities that they see that we foresee in the future.
• 35:41
  And Dom has a better idea of the numbers.
• 35:43
  But a lot of the pensions, you know, are in danger of not being
• 35:47
  able to fund their liabilities. I think the rule is when you're
• 35:50
  at 60%, it's kind of like a breaking point of like, hey,
• 35:52
  like we need to do something fast in order to raise money in
• 35:55
  order to be able to cover it. If you're at 40% debt to like
• 36:01
  asset to liability ratio, so 40% is your assets compared to
• 36:05
  liabilities that you have. I think it's basically that
• 36:07
  means like you're insolvent and they'll be no way to come back
• 36:09
  barring they just print money to make up the difference, which
• 36:12
  Dom has mentioned before. A lot of times in a lot of these
• 36:15
  spending bills or these omnibus, we have to pass the bills.
• 36:18
  A lot of times they front run the funding of them, meaning
• 36:20
  that like, hey, we give you a lump sum of money and then
• 36:22
  normally they're not even enough.
• 36:24
  So it's like they're giving them billions or millions of dollars
• 36:27
  and a lot of times that's still not enough because they have
• 36:29
  toxic assets. And I know Max Kaiser does a
• 36:31
  great bit on that. Basically that Wall Street loves
• 36:34
  to place these toxic horrible assets that you never have
• 36:37
  yourself or your grandmother buy and just like use it as a
• 36:40
  pension funds as ways to buy it because of, you know, reasons
• 36:44
  that they have to, because of their, their charters or what
• 36:47
  says that they have to have on their balance sheet.
• 36:48
  So a lot of times they force the pensions to have these horrible
• 36:52
  assets that you'd never want to own.
• 36:55
  Yeah, this letter is an advertisement for sound money
• 36:57
  and Bitcoin. Right here you have the largest
• 37:00
  nation in the world, the most dominant nation in the world
• 37:02
  saying, hey, we have to raise the debt ceiling once again.
• 37:06
  That like you said, Opti, doesn't matter who's in
• 37:09
  administration. The debt, the debt chart is just
• 37:13
  a straight line up that's accelerating like crazy.
• 37:15
  So what happens when things get too hectic?
• 37:20
  Not too different than what happens if you know, you have a
• 37:23
  family member or friend who falls deep into debt and they
• 37:26
  can no longer maintain the operating mode of their own
• 37:29
  household. They're going to start
• 37:30
  scrambling and they're going to grab funds and resources from
• 37:33
  wherever they can. We saw this in the O8O9 crisis.
• 37:37
  We'll, we saw it in COVID. We'll see it again.
• 37:40
  And when the government grabs value, the easiest place to grab
• 37:44
  it is not from the billionaires. The Jamie Diamonds, which is
• 37:47
  very clear is to take little pieces from workers, pensions,
• 37:52
  retirement funds. Take a couple dollars here,
• 37:54
  couple dollars there. It adds up to billions,
• 37:56
  trillions, right? Who's left holding?
• 37:59
  Who's getting rugged? Your everyday worker.
• 38:01
  So that's why you need to find Bitcoin, because the government
• 38:04
  cannot rug you if you hold your Bitcoin in self custody.
• 38:09
  Let's go. Hey, actually I'll cover this in
• 38:12
  the news. But yeah, great, great take.
• 38:14
  And yeah, This is why we always talk about this like as as a
• 38:17
  Bitcoiner, if you're only stuck in the Fiat world.
• 38:22
  And I think This is why Bitcoiners are so optimistic.
• 38:25
  And This is why, you know, the Big Short is a lot of Bitcoiners
• 38:28
  favorite movie is because it's doing exactly what, yeah,
• 38:31
  exactly what Dom and Chris were just talking about.
• 38:33
  And This is why I said in the beginning that we're going to
• 38:36
  see a whole new round of Wall Street degeneracy with tokenized
• 38:40
  block chains, etcetera, and all this crazy stuff.
• 38:42
  And we're hearing rumors of what this might entail.
• 38:45
  But for all of the people out there normal people, what we
• 38:49
  always emphasize is the importance of sound money and
• 38:52
  Dom great take. This is an advertisement for
• 38:55
  sound money. Everyone out there is, I think
• 38:57
  also seeing that all roads lead to Bitcoin.
• 39:00
  There's still a lot of people that don't understand what's
• 39:02
  happening right now. And you know, it's it's a shame,
• 39:06
  right? Why, why they're going to get
• 39:08
  wrecked. But This is why it's our duty
• 39:11
  here, not only on simply Bitcoin, but everyone in the
• 39:13
  chat to continue to have these conversations and and use all of
• 39:16
  these signals to point people towards sound money because this
• 39:19
  is the only way we can actually fix what's going on.
• 39:22
  As Lynn Alden always says, you know, this train ain't stopping
• 39:25
  for no one. And the only way to stop the
• 39:27
  train is to literally step off the train and start to hold and
• 39:31
  save Bitcoin. So incredible times we're living
• 39:34
  in as as clown world starts to peak.
• 39:37
  It is very interesting how you're seeing a fork in the road
• 39:39
  and there's two realities playing out right now, those
• 39:42
  still in Fiat world, those with their heads in the sand in Fiat
• 39:45
  world and and then those that are on the Bitcoin sound money
• 39:53
  train. Hey, one thing Opti, you said a
• 39:56
  whole new level of grifting and a few days ago I tweeted out or
• 40:00
  X out. Right, the the grips we're going
• 40:04
  to see will make FTX look like a lemonade stand.
• 40:07
  And for context, the FTX collapse resulted in $8 billion
• 40:11
  of Abscess just poof being gone. Will the Trump mean coin?
• 40:16
  I know it's different because it's it's liquidity and it's not
• 40:18
  like, you know, but but it had nearly 8 billion of a drop in a
• 40:22
  few hours. So again, as the money supply
• 40:25
  expands, the Griffs are going to get crazier, and whatever
• 40:28
  happens in this cycle is going to make FTX look like, you know,
• 40:33
  a Piggy Bank, a lemonade stand, a carnival sideshow.
• 40:38
  And you just have to be prepared for that and stay the course and
• 40:42
  you'll be good. I totally agree 100%.
• 40:45
  That's that's literally the signal here.
• 40:47
  Focus on the signal, which is Bitcoin.
• 40:49
  Everything else is noise. The signal is keep stacking,
• 40:52
  keep your DCA program going. Maybe ape in a little more Fiat
• 40:56
  than maybe you want to. Actually on that point, Dom and
• 40:59
  Chris, we were kind of joking about this, that like as hard as
• 41:02
  we thought we were stacking when we got into Bitcoin, looking at
• 41:06
  our old buy orders, it's like, man, I should have gone a little
• 41:09
  harder. Like what what is going on?
• 41:11
  This is crazy. But yeah, crazy, crazy stuff.
• 41:15
  Actually, Chris, say that comment you just said in the
• 41:17
  private chat. I was gonna say Charles Ponzi,
• 41:20
  Bernie Madoff, an SPF are gonna look like they're playing in the
• 41:22
  sandbox compared to what we're gonna see next.
• 41:24
  So. It's so true, man.
• 41:27
  It is so true. Absolutely insane stuff.
• 41:30
  All right, guys, let's get into the news.
• 41:33
  We actually have some breaking news that just dropped right
• 41:36
  when we went live. And then we're going to have
• 41:38
  another update on Tornado Cash guys.
• 41:40
  So, you know, a little bit of what's what's just happening and
• 41:43
  of course, the Trump family and then some, some, I would say
• 41:47
  very significant news coming out of the Tornado Cash story.
• 41:50
  So here we go. I want to give a very special
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• 43:54
  So as I was saying, literally right as we went live, there is
• 43:58
  an update here. So Sailor tweets the company of
• 44:02
  the 47th president of the United States just bought $47 million
• 44:06
  in Bitcoin. Now going forward, David Bailey
• 44:09
  jumps in, says something similar.
• 44:11
  Trump's crypto team has started rotating their treasury into
• 44:14
  Bitcoin. And four, he said 4.7 million
• 44:17
  slugs looks like a total of 6 transactions so far.
• 44:20
  So far, a 47 million to Bitcoin over the last three hours.
• 44:23
  Poetic literally on the inauguration as it was
• 44:26
  happening. Now going a little deeper into
• 44:28
  this BTC archive goes Trump's world liberty Financial bought
• 44:33
  47 million in wrapped Bitcoin. So kind of a kind of an F here
• 44:40
  kind of an L, but it looks like the you know the they're trying
• 44:45
  I don't know I don't know what kind of tomfoolery they're doing
• 44:47
  buying rap Bitcoin, but it is interesting that all of Bitcoin
• 44:51
  Twitter or at least you know the the big influencers here are
• 44:54
  saying it is Bitcoin, but when you look on chain it is rap
• 44:57
  Bitcoin. So I would call that kind of an
• 45:00
  L, but at least, you know, I guess they're buying Bitcoin.
• 45:05
  I don't know. What's your guys's take on this?
• 45:07
  Before we move into the Tornado Cash story?
• 45:09
  Let's go with a Dom. You're already down downloading
• 45:11
  this. So what's your thoughts on this?
• 45:13
  Yeah, LS all around. You know, if taking profits out
• 45:17
  of a meme coin where you know there's a good likelihood that
• 45:21
  hard working folks are just going to be out on money, that's
• 45:24
  an L and the wraps Bitcoin L, so double L here.
• 45:29
  Double L OK, Chris, what's your thoughts on this?
• 45:34
  Well, obviously we saw pictures of sailor with Eric Trump.
• 45:38
  So maybe, you know, they were in the, you know, DC ball, you
• 45:41
  know, the crypto ball. And, you know, the DJ is
• 45:44
  blasting levels by Avicii. Rest in peace.
• 45:47
  And he's like, yo, it's a wrap. You guys won.
• 45:49
  You, you know, buy some Bitcoin. He's like, yeah, definitely.
• 45:52
  And he's like rap Bitcoin. So that's what that ended up
• 45:54
  happening. No, you know, obviously it's not
• 45:56
  Bitcoin. I think they're only going to
• 45:58
  get rugged and I think many people in the crypto space are
• 46:00
  going to get rugged doing that. So stay humble sacks at Buy Real
• 46:03
  Bitcoin. Yeah, I mean, you know, there's
• 46:07
  a lot of rumors going around that there was a lot of
• 46:10
  Bitcoiners in the the Trump team, you know, talking about
• 46:15
  the administration, the regulation putting into the
• 46:17
  policy of the Bitcoin strategic reserve.
• 46:20
  And it just seems like a lot of LS going around launches his own
• 46:23
  shit coin buying rap Bitcoin the world what's it world liberty
• 46:28
  financial D5 platform just a lot of LS here.
• 46:32
  I'm I'm I'll be honest here a lot of alls.
• 46:34
  All right, let's go to the next story because this is the one
• 46:36
  that is actually probably a real signal a lot less noise.
• 46:40
  So I'm over here again on no BS bitcoin.com.
• 46:43
  Highly suggest you guys check out No BS Bitcoin.
• 46:45
  It's of course Odell's company as it's it's titled.
• 46:49
  You know, it's no bullshit Bitcoin.
• 46:50
  So we have a headline here. Tornado Cash sanctions reversal
• 46:54
  has no effect on developers trial says DOJ.
• 46:57
  So remember we covered this a while ago that a court dismissed
• 47:01
  charges and now Roman Storm was trying to get a reversal on his
• 47:07
  case. Doesn't look like it's going
• 47:09
  through. So let's go into this little
• 47:10
  bit. Tornado Cash developer Roman
• 47:12
  Storm seeks to dismiss charges after a Fifth Circuit ruling
• 47:15
  reverse sanctions against the software. the US government
• 47:18
  argues this reversal doesn't impact the criminal trial,
• 47:21
  asserting the case primarily concerns control over the
• 47:24
  Tornado cash user interface. In a motion filed on January
• 47:28
  17th, 2025, the US government continues to accuse Roman Storm
• 47:32
  and his associates of aiding the Lazarus Group and money
• 47:34
  laundering by funding infrastructure, maintaining
• 47:37
  algorithms, and leveraging smart contracts to enhance the
• 47:40
  anonymity for Tornado Cash users.
• 47:43
  On December 18th, Roman Storm has renewed his bid to dismiss
• 47:46
  money laundering and sanction violation charges, citing a
• 47:49
  recent 5th Circuit decision that found the company's smart
• 47:52
  contracts were not a sanctionable property.
• 47:55
  The US U.S. Department of Justice
• 47:57
  prosecutors now claim that the sanctions reversal doesn't
• 48:00
  impact the criminal trial against Tornado Cash developers,
• 48:03
  adding that the case is about control over the Tornado Cash
• 48:06
  user interface, not the validity of the sanctions.
• 48:09
  The filing repeats that Storm intentionally took part in and
• 48:13
  facilitate facilitated money laundering transactions and can
• 48:16
  be held liable for this conduct even if the transactions could
• 48:19
  have occurred without his deliberate involvement.
• 48:22
  And we have a quote here. And it goes.
• 48:23
  The defendant regurgitates arguments about the supposed
• 48:26
  requirement that a money transmitting business has,
• 48:29
  quote, custody or quote, control over the funds being
• 48:32
  transferred. For the reasons already briefed
• 48:34
  at length, that argument is meritless and finds no support
• 48:37
  in the statute or the case law was stated in the government.
• 48:41
  The government's opposition highlights the DOJS continued
• 48:44
  willingness to leverage criminal enforcement as a tool to shape
• 48:47
  the law in this case specifically to introduce FATFA
• 48:50
  recommendation 66 on the classification of non custodial
• 48:54
  UIS. It's a category of quote virtual
• 48:56
  asset service providers which have not yet been adopted by the
• 49:00
  US chef at the lower leaves for the rage.
• 49:02
  She's been on this beat for a while.
• 49:04
  So, you know, really this is a disappointing outcome to be to
• 49:10
  say the least. Obviously it's it's setting
• 49:13
  precedent, which is going to really probably set what's going
• 49:18
  to go on with the Samurai wallet case.
• 49:21
  So this is not not looking very good.
• 49:24
  And yes, of course, you guys have been saying for a while
• 49:26
  like it's Tornado cash, it's, you know, Ethereum mixer that
• 49:30
  what does this have to do with Bitcoin?
• 49:31
  But again, this is setting precedent for how Bitcoiners and
• 49:35
  Bitcoin privacy software is being prosecuted.
• 49:37
  And Chris, I think you were here the last time we got that first
• 49:40
  update. So what's your feelings now
• 49:43
  seeing this recent update? It is very disappointing.
• 49:46
  You know, as as much as there's euphoria around Bitcoin and
• 49:50
  President Trump talking, you know, pro Bitcoin statements,
• 49:55
  we're seeing that these cases around Bitcoin privacy, or
• 49:59
  rather, you know, crypto privacy are not going in the direction
• 50:03
  that we thought it would. So this is definitely another
• 50:05
  disappointing story right here. So Chris, what's your thoughts
• 50:08
  seeing this? Yeah, disappointing to say the
• 50:11
  least. I mean, I think they're, you
• 50:13
  know, they're saying, oh, like what was the two words?
• 50:15
  It was control and or. Here, let me pull it back up for
• 50:20
  you. Yeah, I think it's it's control
• 50:24
  and custody. Yeah, so they're saying you
• 50:27
  don't need control or custody to basically say that you're
• 50:30
  committing money transmission. But the weird thing that the
• 50:33
  wild thing that many people have brought up, even the defendants
• 50:36
  or, you know, Roman's lawyers were saying is Tornado Cash is
• 50:40
  still running even though Roman is currently in jail.
• 50:43
  I know we've seen this, you know, LinkedIn multiple ways.
• 50:46
  We saw this with the Bitcoin fog case.
• 50:48
  We see this with Tornado Cash case.
• 50:50
  We're seeing this obviously Samurai wallet is shut down, but
• 50:54
  there's other iterations done. Basically this goes back to the
• 50:57
  90s crypto wars. And I've kind of brought this
• 50:59
  point or hammered this point home.
• 51:00
  You know, they were classifying a code as munitions, meaning
• 51:05
  that they could be used by foreign adversaries, whether it
• 51:07
  was North Korea, where there was Iran, whether it was Russia,
• 51:11
  that they could use encryption to use and hide like nuclear
• 51:15
  codes and basically attack the United States with encryption.
• 51:18
  Like I'm taking you back to the 90s now.
• 51:20
  So obviously the many of the developers they were trying to
• 51:23
  prosecute Phil Zimmerman, he was famous for being the boss of Hal
• 51:26
  Finney, rested beast to Hal and also the creator of PGP, which
• 51:30
  is pretty good privacy. Long story short, a lot of these
• 51:33
  developers were open source developers and cryptographers
• 51:35
  stating that code is speech and it's protected under the 1st
• 51:38
  Amendment and the DOJ at the time.
• 51:41
  And even I think the beliefs Supreme Court was, you know,
• 51:43
  kind of trying to rule that no, these are munitions, they can be
• 51:46
  used as, you know, weapon to harm our country and it was
• 51:49
  deemed national security risk. Well, ultimately, Adam Back and
• 51:54
  many of the other cryptographers and the defendants printed out
• 51:57
  the code on T-shirts and they walked into the court as this
• 52:00
  court hearing was going on with the free and open source code on
• 52:03
  their shirts. And ultimately the Supreme Court
• 52:05
  ruled in the favor of code being speech.
• 52:08
  And this follows the same precedent in my eyes that, you
• 52:11
  know, code of speech and many of these developers that created
• 52:14
  this code, Tornado Cash, Bitcoin fog and, you know, obviously
• 52:19
  Samurai Walt, that it's free and open source code and that code
• 52:22
  of speech and that's protecting them, the First Amendment.
• 52:24
  And now they're trying to do all these weird squirrely, like
• 52:27
  looking at regulations differently.
• 52:29
  And because there's a money component saying that this is,
• 52:32
  you know, they're operating illegal money transmitter
• 52:34
  businesses, that they're committing act of money
• 52:37
  laundering, that, you know, they're committing fraud, bank
• 52:40
  wire and all that. So yeah, just crazy.
• 52:43
  Yeah, to say the least, man, it's very disappointing to see
• 52:47
  the law fair against Bitcoin play out or rather, you know,
• 52:50
  crypto currencies at large. And we're seeing that this is
• 52:53
  obviously them, them being frightened and trying to attack
• 52:57
  the on and off ramps and privacy in general.
• 52:59
  And, and good take Chris. Before I pass it over to Dom
• 53:02
  though, guys like or smash that like button.
• 53:05
  Let's get up to 200 likes within the next 5 minutes.
• 53:09
  We just need 20 likes on YouTube.
• 53:10
  Everyone else smash the like buttons, even though it doesn't
• 53:12
  matter on the algo. But if you love what we're doing
• 53:14
  here, it really means a lot to us.
• 53:16
  All right, Dom, what's your take on this, this court court case
• 53:20
  right now? Or rather, this, you know,
• 53:22
  shooting down Roman Storm's appeal.
• 53:26
  Yeah, You know, this is a Lamo's home turf, right Here you have
• 53:29
  one of the most leading, just knowledgeable folks on privacy.
• 53:34
  He loves that stuff. But I will say this, there's a
• 53:36
  lot of contradictory things happening, right?
• 53:38
  But but a couple parallels in what we're talking about.
• 53:41
  On one hand, you have this Trump coin and there's this concept
• 53:45
  of, hey, it's a free market. You know, the, the, the people
• 53:49
  are responsible for their own decisions.
• 53:51
  You're going to have bad actors, good actors, let the market sort
• 53:54
  us out. But when it comes to privacy,
• 53:56
  the approach is any privacy is automatically determined to be
• 54:00
  used for bad actors. So, you know, there's a lot of
• 54:02
  details with the tornado case and all these different privacy
• 54:05
  tools. At the end of the day, those are
• 54:08
  contradictory of each other. Privacy can be used for a good
• 54:11
  intent by good people for peer-to-peer exchange of value
• 54:16
  and and privacy not being tracked down by people trying to
• 54:20
  figure out how much Bitcoin you have that can coexist with bad
• 54:23
  actors. I'm going to be curious to see
• 54:26
  if this administration changes their tone from the previous one
• 54:29
  whose tone was if you're a private, you are a bad actor
• 54:33
  assumed first. They've said that in documents
• 54:36
  about, you know, mixers that if you're using this, it is assumed
• 54:40
  that it is for bad criminal intent.
• 54:43
  We'll see if this administration, which kind of as
• 54:46
  this laissez faire, more free market takes that view or if
• 54:49
  they're become hypocrites like the previous administration.
• 54:53
  Totally love that take, Tom. Absolutely love that take.
• 54:56
  This is this is where we are right now.
• 54:58
  And look, you know, as much as the Republican Party has said
• 55:03
  the rhetoric being pro Bitcoin and now the rubber's going to
• 55:06
  meet the road. And this is where it's also up
• 55:08
  to us Bitcoiners to stay as bipartisan as possible.
• 55:11
  And if they do stuff we don't like, we got to be vocal about
• 55:14
  it. And yes, you know, here simply
• 55:16
  Bitcoin, the samurai wallet case was that defining moment where
• 55:20
  the the the switch was flipped and we went more pro Bitcoin or
• 55:24
  rather more pro Republican stat stance because they came out to
• 55:29
  be pro Bitcoin. Obviously politicians are going
• 55:31
  to politic and now we're going to see what happens later today,
• 55:35
  what happens the first 100 days, how this plays out for the next
• 55:38
  two to four years. So we are all cautiously
• 55:40
  optimistic that hey, let's just hope that they kind of get out
• 55:44
  of our way and they stopped the law fair on Bitcoin and you
• 55:48
  know, even at large crypto here, because we we really don't
• 55:51
  believe that the government should pick winners and losers.
• 55:53
  But it it is very obvious the last four years, especially with
• 55:56
  all the stuff coming out from operation choke point 2.0, they
• 55:59
  have been actively attacking our industry or the Bitcoin network
• 56:03
  and Bitcoin businesses. And let's just hope some Bitcoin
• 56:06
  businesses come back and we have a very favorable jurisdiction
• 56:09
  for Bitcoin in America. What's that?
• 56:12
  Actually, Dom, could you do the Bitcoin in America in the Trump
• 56:16
  voice? You're going to win so hard
• 56:17
  stuff. You know, here's the thing,
• 56:20
  we're going to have so much electricity, your hair's going
• 56:23
  to stand up like a Pauly Shore from Encino, man.
• 56:26
  OK, you're going to say no more, no more.
• 56:28
  We're going to mine it all here. Every, every ounce of Bitcoin
• 56:32
  will be mined right here. They'll take a pan and they'll
• 56:34
  shake out the Bitcoin and we'll have it all home.
• 56:37
  Made in America first. Hey, one thing, Opti, you know,
• 56:42
  you mentioned irony earlier. How about the fact I'm just
• 56:45
  seeing a couple ironies as we're talking here because, you know,
• 56:47
  I'm always cruising the space. Number one, I thought it was
• 56:50
  fascinating yesterday that you have Ross Ulbricht from a jail
• 56:54
  cell tweeting out to try to protect people from losing.
• 56:57
  Money. Saying I am not associated with
• 57:00
  any Ross a meme coin. I have nothing to do with this
• 57:04
  and he's trying to protect and meanwhile the person who's going
• 57:07
  to pardon him today potentially is doing the opposite of that
• 57:11
  more morality. If that's not a case for why
• 57:13
  Ross should be free, I, I, I, I don't even know what to say.
• 57:17
  That's number one. Another ironic thing that I just
• 57:19
  sent you guys was Sailor was like celebrating that the Trump
• 57:24
  team is rotating their treasury from the.
• 57:26
  I'll pull it up. I guess I'll pull it up.
• 57:28
  Keep going. Yeah, pull it up.
• 57:29
  That the Trump team, he said. You know, there's now smash
• 57:32
  buying Bitcoin and of all people to sound the Bitcoin value alarm
• 57:37
  on them, in comes Peter Schiff, who says, well, they probably
• 57:41
  just bought this Bitcoin with profits from the Trump coin.
• 57:44
  Whoa, dude. I did not have Schiff's moral
• 57:48
  compass basically recorrecting Sailor in 25, but here we are in
• 57:54
  the in the circus year and there's just tons of ironic
• 57:58
  contradictory things happening right now.
• 58:00
  Yeah, it really does feel like we are entering peak clown world
• 58:05
  and. Oh no, Opti did it.
• 58:06
  He called peak clown world. Marty's been Marty's been.
• 58:10
  Marty's called it before and it's always gets more clowny so.
• 58:13
  I mean, I've been calling it for a while as well, but you know,
• 58:16
  the peak always just crescendos more so it's always peak clown
• 58:20
  world. It's like the Bitcoin, Bitcoin
• 58:22
  all time high. Like, yes, it's all time high
• 58:24
  today, but in a couple of weeks it might not be all time high
• 58:28
  again. So I can call it again.
• 58:30
  I'll keep calling peak clown world as it peaks.
• 58:32
  Chris, I'm not saying that this is, you know, the peak and then
• 58:35
  it's dropping. I'm just saying we are currently
• 58:37
  at peak clown world and it might peak even more.
• 58:41
  Hey another peak clown world thing.
• 58:42
  I saw someone I think Roman in the comments said 90% chance he
• 58:45
  rugs Ross and I've been tweeting about this.
• 58:48
  If that does happen, the bitcoiners have to run a meme
• 58:53
  campaign of the likes which have never been seen before.
• 58:57
  I'll commit to doing 5 to 10 mean well.
• 59:00
  Like we should make X inoperable with memes about broken promises
• 59:04
  and broken words. So I know that may not change
• 59:06
  things, but obviously I think every Bitcoiner is prepared to
• 59:11
  relentlessly post about a broken promise to free Ross should that
• 59:16
  happen. But again, I am optimistic
• 59:18
  because on MSNBC he said to a libertarian crowd very clearly
• 59:23
  that on day one he is pardoning Ross and community the sentence
• 59:27
  to time served. So, you know, I just know a lot
• 59:30
  of people are thinking about that right now.
• 59:32
  Love it, love it. OK guys, let's let's move into
• 59:35
  the culture. We're going to be talking them
• 59:37
  with Chris and Dom about proof of workforce and what they've
• 59:42
  been doing. Actually, you know, Dom, Dom's
• 59:45
  been actually doing some really heroic stuff lately.
• 59:49
  You guys all know about the fires.
• 59:50
  He's a firefighter. He's been actually on the ground
• 59:53
  working. So incredible stuff from Dom.
• 59:55
  But let's get into the culture and we'll talk about proof of
• 59:58
  workforce. I want to give a shout out to
• 1:00:01
  our sponsor Hive Digital Technologies.
• 1:00:04
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  through every possible market and as the first with an AI
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  strategy, Hive continues to redefine the future of
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  sustainable energy. Also got to casually drop this
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  Hive Digital Tech or check out their website,
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  hivedigitaltech.com. Shout out Dom back there.
• 1:00:50
  All right, guys. Before I keep going, keep going.
• 1:00:55
  Make sure you guys get a ticket to bit block Boom, a true
• 1:00:58
  Bitcoin conference. It's going to be April 3rd
• 1:01:00
  through the 6th 2025. Get your tickets today guys.
• 1:01:03
  Everyone fomos into the conferences last minute.
• 1:01:06
  It's the cheapest of tickets will ever be It's jam packed
• 1:01:09
  with events. This is where lobby con came
• 1:01:12
  out. This is where pool con came
• 1:01:13
  from. It's going to be a lit event.
• 1:01:15
  It's coming back to Dallas. Shouts out to Gary Leland we
• 1:01:18
  love this event. This is kind of like the home
• 1:01:20
  event for me personally. You guys already know my story
• 1:01:23
  in regards to a bit block boom. It's where I met all the cool
• 1:01:26
  people that I now consider my friends, and it was the only
• 1:01:29
  event that kept going during 2020 when the world shut down.
• 1:01:32
  So come support Gary and everyone here.
• 1:01:36
  The whole simply Bitcoin teams going to be there, and we are
• 1:01:38
  also hey, if you don't want to buy a ticket and you want to
• 1:01:40
  just stack some stats. We will be streaming this on our
• 1:01:43
  YouTube channel as well, so I hope to see you guys in the
• 1:01:46
  flesh anyways. Let's go to proof of workforce.
• 1:01:50
  So I guess I'll pass it over to Dom since Dom's kind of the face
• 1:01:54
  of it, Chris is on the background here a little bit.
• 1:01:57
  But man, Dom, incredible work you've been doing.
• 1:02:00
  Maybe actually first let's do for people that aren't aware of
• 1:02:04
  what you're trying to do with proof of workforce.
• 1:02:06
  Let's do a little TLDR and then we can kind of talk about all
• 1:02:09
  the developments since the last time you've been on the show.
• 1:02:13
  For sure, I know you all have had me on before.
• 1:02:16
  So thank you and again to your fan base has been hugely
• 1:02:19
  supportive and we have tons of followers from your crew that
• 1:02:22
  that reshare our work. So I want to thank everyone
• 1:02:25
  listening for sure. Right now, proof of workforce.
• 1:02:28
  It is a nonprofit that is committed to education based
• 1:02:33
  initiatives for wage earners, workers, unions, pensions.
• 1:02:37
  We do municipalities and now we're starting to do some state
• 1:02:40
  level work. Our goal is very simple to make
• 1:02:43
  sure workers and wage earners win with Bitcoin.
• 1:02:46
  That's it. We start with self custody.
• 1:02:49
  We try to teach and pass on the genesis story of Bitcoin and
• 1:02:54
  that is our work and we're doing it relentlessly right now.
• 1:02:57
  This year is off to the races. I've already done I think 10
• 1:03:02
  presentations. We had our first union this
• 1:03:04
  year, which was the Blackfoot firefighters out of Idaho.
• 1:03:07
  From a webinar we had, they just voted to unanimously,
• 1:03:10
  unanimously voted to put Bitcoin on the balance sheet and hold
• 1:03:14
  Bitcoin in self custody. We also had an announcement with
• 1:03:18
  California Assembly member Phil Chen out in the Anaheim, Orange
• 1:03:22
  County area. And we're working on maybe doing
• 1:03:24
  a bill or something along those lines and a few initiatives.
• 1:03:27
  So we work nonstop. We are going to make sure people
• 1:03:31
  forever know the story of Bitcoin, why was created and
• 1:03:36
  that's kind of who we are. And a Lamo, you know, he's a he,
• 1:03:40
  he he puts in work for us. So he takes more calls than than
• 1:03:44
  I could ever hope. And this would not be possible
• 1:03:47
  without our board of directors, which has ton of tons of talent
• 1:03:51
  on there. We got Lisa Huff, we got Mags
• 1:03:54
  Gronowski, we got Joe Carlisari. We have the CIO of Houston
• 1:03:58
  pension. That's that's Opti's hometown.
• 1:04:01
  We have. I'm not in.
• 1:04:02
  Houston not I'm not in it. Oh, yeah.
• 1:04:06
  Wherever you're at, wherever you're at Tejas, you know, or
• 1:04:10
  your, I thought you were fine. And basically, yeah, that's,
• 1:04:16
  that's kind of what we do. We have an incredible community
• 1:04:19
  and and all kudos goes to the Bitcoin community.
• 1:04:23
  You guys posted our work and I got like 5 calls from unions
• 1:04:27
  right after that saying we want to learn about Bitcoin.
• 1:04:29
  So that's us. Let's go.
• 1:04:31
  Absolutely incredible. Actually, Chris, you want to
• 1:04:34
  chime in here and then I, I do kind of want to ask you guys a
• 1:04:36
  couple questions of, of how these conversations go.
• 1:04:39
  Yeah. I mean, I'll just, I mean, I
• 1:04:41
  can't really add much more than what Dom said, but yeah, we're
• 1:04:44
  just an organization trying to get the workers or people that
• 1:04:47
  receive an income that are not business owners, that are not
• 1:04:50
  multinational corporations to learn about Bitcoin, to self
• 1:04:53
  custody Bitcoin and understand the importance and mission of
• 1:04:57
  hard and sound money and self custody their Bitcoin.
• 1:05:00
  That's kind of our mission. Love it, love it.
• 1:05:02
  OK, Now my my first question is, look, Dom, Chris, I, I forget
• 1:05:08
  how many times we've had you on the show, but every time you
• 1:05:11
  come on, there seems to be new developments that you guys are
• 1:05:14
  working on. You guys are on the ground, you
• 1:05:16
  know, trying to spread Bitcoin education, of course, the
• 1:05:18
  adoption of Bitcoin. Now my question is, it's 2025.
• 1:05:23
  How do you think a Bitcoin is received now when you when you
• 1:05:26
  go to these unions? I remember when you first came
• 1:05:30
  on Dom, you were telling us like they're basically laughing me
• 1:05:33
  out of the room. Now it seems like we're being
• 1:05:35
  taken very seriously. What do you think that Vibe
• 1:05:38
  shift started and what do you think you're going to see in
• 1:05:41
  2025? Yeah.
• 1:05:45
  So look, we know what the ETF was a huge development for
• 1:05:48
  providing what I call cover fire for the skeptics.
• 1:05:50
  I mean, the people that floated the ETFs also have huge
• 1:05:54
  ownership shares of mainstream media.
• 1:05:57
  It's not a coincidence that we've seen things kind of get
• 1:05:59
  toned down on Bitcoin and and fall a little more to neutral
• 1:06:02
  instead of extremely negative. And so, you know, it's it's that
• 1:06:06
  gives a lot of cover fire. You know, when people bring up
• 1:06:09
  outdated comments about like, you know, no one uses this or
• 1:06:12
  holds this and you're like, you mean the largest asset managers
• 1:06:15
  in the world. So that's a plus side.
• 1:06:18
  The negative is at those same groups that have provided that
• 1:06:21
  cover fire are trying to, you know, hijack Bitcoin in a way to
• 1:06:28
  only be a pristine digital asset.
• 1:06:30
  You hear that all the time. And so we come in, we take
• 1:06:33
  advantage of that cover fire, but we are providing the
• 1:06:35
  education of why did Bitcoin come to exist anyways?
• 1:06:39
  And that narrative is very much aligned with the everyday
• 1:06:42
  worker. So right, that's like it's born
• 1:06:46
  out of the financial crisis. So that's good.
• 1:06:48
  And ultimately it's much easier now to have the conversations
• 1:06:53
  and we've had great dialogue since since that kind of cover
• 1:06:57
  fire. You still get some people that
• 1:06:59
  are outdated that aren't tuned in that have but but we have a
• 1:07:03
  lot of ammo to explain why Bitcoin is much further past
• 1:07:07
  some of these outdated arguments of like ones backed by nothing
• 1:07:11
  and there's no intrinsic value. You're like, guys, please,
• 1:07:14
  we're, we're like, let's update our, our, our, you know,
• 1:07:17
  counter. Yeah, no, to to that point, it
• 1:07:19
  is very interesting to see like 2017 flood lines come back
• 1:07:24
  around that have been completely disproven.
• 1:07:27
  And I mean, here at simply Bitcoin, we're just talking
• 1:07:30
  heads, we're talking into the ether here.
• 1:07:32
  You know, it's, it's hard to know who's actually on the other
• 1:07:35
  side, but when you guys go out there and talk to people face to
• 1:07:39
  face, I think you get a good gauge of what the the average
• 1:07:43
  person thinks about Bitcoin. And actually before we started
• 1:07:46
  the show, we were kind of talking about this idea.
• 1:07:48
  And I've been saying this constantly on, on simply Bitcoin
• 1:07:51
  is like, look, I, I think all of us Bitcoiners up to this point
• 1:07:55
  needed to do the deep dive into understanding Bitcoin.
• 1:07:58
  And now we're kind of entering a new, a new era where people are
• 1:08:02
  just wanting to, you know, like hold transact, saving Bitcoin.
• 1:08:06
  They're not really interested in all the tech.
• 1:08:08
  They just want to kind of increase their purchasing power.
• 1:08:11
  And I think a lot of Bitcoiners are detached from that reality
• 1:08:15
  because they don't talk to Bitcoiners anymore.
• 1:08:17
  And you guys are on the ground talking to, you know, for lack
• 1:08:19
  of better terms, the normies out there that are managing a lot of
• 1:08:23
  money. So you get a good idea and a
• 1:08:25
  first hand knowledge of how people are thinking about
• 1:08:28
  Bitcoin. And a lot of times they do have
• 1:08:31
  just these outdated mental models of what Bitcoin is.
• 1:08:34
  And you see them start to get regurgitated and you're like,
• 1:08:37
  man, what year are we in? Like what?
• 1:08:39
  Like I thought we were ahead of this, but it seems like we are
• 1:08:42
  just in an eternal September moment where we're going to have
• 1:08:44
  to continue to stay the same stories over and over and over
• 1:08:49
  again. And it does get tiresome at, but
• 1:08:53
  this is the work that needs to be done.
• 1:08:55
  Yeah, I, I just posted something in the chat if you want to pull
• 1:08:58
  it up. It's about talking about the,
• 1:08:59
  the theory of innovation. So it's the innovations curve.
• 1:09:03
  I know like, so the chart that I'm mainly looking at, I know
• 1:09:05
  many people have said, oh, we're still in the early adopters
• 1:09:07
  phase. I think that's kind of coming to
• 1:09:09
  an end. You know, when BlackRock and
• 1:09:10
  Trump are talking about it, it's like, I think everyone's kind of
• 1:09:12
  starting to hear the message. So you know, the innovators were
• 1:09:15
  maybe, you know, pre 2013, you know, a lot of the crypto
• 1:09:19
  cryptographers, the cypherpunks, all those, then basically the
• 1:09:22
  early adopters were from like I'd say maybe 2013 to like
• 1:09:26
  2023-2024. And then now Larry Fink, Jamie
• 1:09:31
  Dimon, you know, Jamie Dimon hates on it, but still he talks
• 1:09:34
  about it a lot. Trump like all these were like
• 1:09:36
  leaving the early adopter phase and we're going into the early
• 1:09:39
  majority phase. So to your point, Opti, like I
• 1:09:41
  think a lot of people in the 1st 2 phases, we had to prove
• 1:09:43
  ourselves, you know, everyone was butting us.
• 1:09:45
  Fintech was calling us idiots, you know, CFACFPS were saying it
• 1:09:50
  was dumb, it was a Ponzi scheme. You know, I had Warren Buffett
• 1:09:53
  and Charlie Munger, you know, making fun of us.
• 1:09:55
  I think we're finding the end of the part where it's we're
• 1:09:57
  transitioning to the early majority for things.
• 1:10:00
  So I definitely think, you know, with that comes people care less
• 1:10:03
  about the tech of it. You know, I use the Internet.
• 1:10:05
  I don't know how it really freaking works.
• 1:10:06
  You know, I use a modem and a router.
• 1:10:08
  Don't really know how those things work.
• 1:10:09
  I think hopefully we get to that point with nodes, people just,
• 1:10:12
  hey, I need this node to run my Bitcoin and use Bitcoin, plug it
• 1:10:15
  into the wall, all good to go. But yeah, I think that's kind of
• 1:10:18
  where we're going to the early adopters for sure.
• 1:10:21
  Yeah, and, and there's tons of applications as far as the
• 1:10:23
  network that that, you know, workers and unions organizations
• 1:10:28
  may get to. But in the beginning, the value
• 1:10:31
  proposition is very simple #1 workers and wage earners need to
• 1:10:35
  learn about Bitcoin, its core fundamental purpose of existing,
• 1:10:40
  without a doubt. They need to engage the
• 1:10:42
  community, which we know has a tremendous amount of value on
• 1:10:46
  its own. And they need to protect their
• 1:10:48
  vulnerabilities as far as the way that they trade time for
• 1:10:51
  money, which is two ways #1 short term time for paycheck,
• 1:10:56
  two weeks, right? And that can be impacted by
• 1:10:58
  inflation. And if you're not saving right,
• 1:11:00
  and you can't keep up, that's a problem long term, 30 to 40
• 1:11:04
  years lifetime career for retirement.
• 1:11:07
  You just brought up a letter from Janet Yellen saying, hey,
• 1:11:09
  here's a retirement fund. We can't invest the money until
• 1:11:12
  the debt ceiling is raised. So they need to learn this for
• 1:11:16
  those reasons. And again, you mentioned the
• 1:11:19
  Internet, Alima, which is great. And to quote how Finney, who's
• 1:11:22
  epic, right? He said, you know, why was the
• 1:11:23
  Internet created? It can be used as a tool to
• 1:11:26
  oppress or liberate people. And I'm sure I'm butchering that
• 1:11:29
  quote somewhat, but the point is we have to maintain the
• 1:11:33
  narrative on why Bitcoin was created, right, Chancellor,
• 1:11:37
  bailout, financial crisis. Why did this happen?
• 1:11:40
  Because peer, peer-to-peer, we should be able to exchange value
• 1:11:44
  and hold value without being diluted and shaken down by the
• 1:11:49
  the few elite players on the inside.
• 1:11:52
  That story, we will hammer that home again and again and again.
• 1:11:57
  And it doesn't matter how much the black rocks of the world
• 1:12:00
  world say that this is a pristine asset.
• 1:12:03
  It should only be used for, you know, building wealth.
• 1:12:07
  We, we will fight that narrative forever.
• 1:12:11
  Love it. Absolutely love it.
• 1:12:13
  Yeah, I think especially here, it's simply Bitcoin.
• 1:12:16
  I've kind of been trolling for the last couple of weeks, maybe
• 1:12:19
  months now, that maybe we aren't going to have a job for a long
• 1:12:22
  time because it seems like it was catching on and people were
• 1:12:26
  starting to get the message. But as we just seen play out
• 1:12:29
  with this Trump coin, it seems like our jobs now are more
• 1:12:33
  important than ever. And continuing to reiterate the
• 1:12:38
  same message, like I've gotten a lot of Flack on this show
• 1:12:41
  actually shouts at the podcast. They troll me all the time.
• 1:12:44
  They about my takes I've seen in the chat.
• 1:12:47
  They're like Opti just kind of repeats himself.
• 1:12:50
  And it's like, guys, what gets repeated gets remembered.
• 1:12:53
  And as much as Bitcoiners, you know, we like to get lost in the
• 1:12:56
  weeds. What I've always tried to do
• 1:12:59
  with the show is like, hopefully my friends or my family watch
• 1:13:03
  this show and they are not full Bitcoiners like I am.
• 1:13:06
  They they they know I'm a bitcoiner.
• 1:13:08
  They kind of get the reason why I Bitcoin, but they don't
• 1:13:12
  understand basic big message that we always kind of need to
• 1:13:15
  get across as a bitcoiner. And like Dom saying, you know,
• 1:13:18
  you're having these converts that you're putting in the work
• 1:13:21
  everyday, probably repeating yourself constantly to new
• 1:13:24
  pension funds, new unions, But there's new people hearing the
• 1:13:30
  same message that you heard years ago.
• 1:13:32
  And this is the important work to just show up, continue to
• 1:13:35
  spread that message and show that, hey, this isn't about the
• 1:13:38
  institutions adopting Bitcoin. This is about the everyday
• 1:13:41
  American or the everyday planet Earth citizen saving in Bitcoin
• 1:13:46
  and protecting themselves. So kudos to you and doing all
• 1:13:49
  the work. Now, Chris, I'll pass it over to
• 1:13:51
  you. You want to chime in here a
• 1:13:52
  little bit. I know you got the right side of
• 1:13:55
  the bell curve. Take on everything and then you
• 1:13:57
  probably like to get lost in the weeds.
• 1:13:59
  So how is your view talking to all the normies out there and
• 1:14:02
  when? What's your take on all this?
• 1:14:05
  I think it's important to basically hammer home kind of
• 1:14:07
  what you and Don have both mentioned that like repeating
• 1:14:10
  the history and the reason why, because otherwise it always
• 1:14:13
  seems that humans we forget the past and then we're destined to
• 1:14:16
  repeat the mistakes of the past as well.
• 1:14:19
  With that being said, I do think many people on Bitcoin Twitter
• 1:14:22
  or X, you know, as it is, or Noster, you know, say like, oh,
• 1:14:26
  like we need to make Bitcoin easier for the masses.
• 1:14:28
  And I agree that's true. Like they shouldn't know all the
• 1:14:31
  cryptography and all the stuff that's going on the back end
• 1:14:34
  that's connected to this vast network of nodes and their
• 1:14:37
  Bitcoin mining. Like I think for the everyday
• 1:14:39
  person for Bitcoin to succeed, not saying it it hasn't, but in
• 1:14:42
  order for it to like accommodate the masses coming in, it should
• 1:14:46
  be like, I know Peter McCormick cameras is home is like there's
• 1:14:49
  three things I want Bitcoin to do.
• 1:14:50
  I want to be able to send, receive and save in Bitcoin.
• 1:14:53
  And the easier and faster I can do that with in self custody,
• 1:14:57
  the better it is for the network and the better it is for people
• 1:15:00
  joining the network as well. So, you know, if we can make a
• 1:15:02
  note that you plug in, don't even have to do anything.
• 1:15:04
  You plug in, press start, that's good.
• 1:15:06
  And then you have a wallet on your phone that you can send and
• 1:15:09
  receive and save on your own wallet.
• 1:15:11
  You know, self custody, not a custodial wallet.
• 1:15:13
  I think the better off we are in the long run.
• 1:15:15
  Totally couldn't agree more. Couldn't agree more.
• 1:15:17
  All right, so I want to speculate a little bit a little
• 1:15:20
  here. What do you what do you guys got
• 1:15:21
  on the road map? What do you think is going to
• 1:15:23
  come down the pipeline for 2025? We'll pass it to Dom like what
• 1:15:28
  is what do you see the tide changing?
• 1:15:31
  You know the like, what is your view for 2025, especially if we
• 1:15:35
  do get some new pro Bitcoin regulations in the US, like what
• 1:15:40
  is your view? Do you think we're going to see
• 1:15:42
  a watershed moment for Bitcoin in America?
• 1:15:45
  Like, I know you're you're not just America folk actually
• 1:15:49
  regret that question because you've been doing work globally.
• 1:15:52
  So Kenya, bro? Yeah, let's talk about that real
• 1:15:55
  quick. OK, so #1 predicting we, we
• 1:15:59
  talked about the circus nature of the year.
• 1:16:01
  Gosh, if you're a market predictor and you're trying to
• 1:16:04
  like time markets, May God have mercy, I don't I don't know
• 1:16:07
  dude, that's what a what a job, but I am bullish for this year,
• 1:16:11
  especially as Bitcoin as working towards peak asset discovery
• 1:16:16
  mode. With that said, and we talked
• 1:16:18
  about about a lot of them here on the show, Bitcoin is a
• 1:16:21
  peer-to-peer network. I think we'll face some new
• 1:16:25
  tests, new challenges, what level to be determined, that's
• 1:16:29
  what we have to be prepared for. So that's my outlook for 25
• 1:16:33
  globally, like we talked about all the time, incentive
• 1:16:37
  structure of Bitcoin is unfazed. So if you attack Bitcoin as a
• 1:16:42
  peer-to-peer monetary network in the US, but supported as a, as a
• 1:16:46
  peak asset saving mechanisms, then those incentives are going
• 1:16:50
  to play out. That doesn't mean in Africa that
• 1:16:53
  they're not going to be building like crazy and using Bitcoin
• 1:16:55
  however they want, which I saw, you know, in the conference at
• 1:17:00
  Africa Bitcoin conference. And so, but you know, that's
• 1:17:04
  what we're going to see and that's what I'm interested in
• 1:17:06
  seeing play out. And so, you know, if the US,
• 1:17:09
  they may want all Bitcoin mined and Trump says he wants all
• 1:17:11
  Bitcoin mined here. But if we don't also support it
• 1:17:15
  as a peer-to-peer network, those tools are going to be built
• 1:17:18
  elsewhere and those people are going to develop, as you know,
• 1:17:21
  countries, communities, etcetera, within that framework.
• 1:17:26
  Love it, Dom, Love it. You know it's funny.
• 1:17:29
  It's funny when Dom puts on the professional hat because he's
• 1:17:31
  super professional. But being the Dom's friend, he's
• 1:17:34
  one of the funniest people out there.
• 1:17:35
  So love it, Dom. Love it man Go go.
• 1:17:40
  You know, here's the thing, what I predicted bitcoins going to go
• 1:17:43
  to the moon. OK, you're going to say stop it
• 1:17:46
  can't go any higher. And I'm going to tell you we'll
• 1:17:48
  go higher than that and we'll go again.
• 1:17:51
  And then Baron will launch a coin and we'll go higher again,
• 1:17:54
  and it will go to the moon and all right, whatever.
• 1:17:57
  I'm I'm away, you guys. Are.
• 1:18:04
  Going to get this for four years.
• 1:18:05
  Wait till we orange peel Arnold. Dude was like, I want to tell
• 1:18:08
  you, when it comes to money, you need to listen to me very
• 1:18:11
  carefully. There's only one, there's only
• 1:18:14
  one sound money, and that is the Bitcoin.
• 1:18:17
  You need to have it. If you're in California, you
• 1:18:19
  need to have the Bitcoin, otherwise you're going to get
• 1:18:22
  crushed. You're going to get crushed by
• 1:18:24
  inflation. You'll be like the Terminator
• 1:18:26
  with the two machines. You'll be crushed in between.
• 1:18:28
  So get your Bitcoin. Come on, do it now.
• 1:18:31
  Come on, we'll get them soon, dude one.
• 1:18:33
  Year, give us one year. Amazing, amazing.
• 1:18:37
  All right, guys, well, I just want to give you guys the floor.
• 1:18:40
  What do you guys want to hit on what what you know what's let's
• 1:18:43
  plug proof of workforce one more time or some initiatives.
• 1:18:46
  Actually, could you could you maybe leak some stuff that
• 1:18:49
  you're working on or do we got to you got to plead the 5th on
• 1:18:51
  this stuff? No, we, we can leak at some
• 1:18:54
  things. We're not doing any like
• 1:18:55
  government clearance work. So we have a ton, a ton of
• 1:18:58
  unions in the pipeline for presentations this year.
• 1:19:01
  Those are already set. So I would expect more local
• 1:19:05
  small unions. I'm not talking about larger
• 1:19:07
  unions to potentially get Bitcoin on the balance sheet.
• 1:19:11
  We're working on something very cool, a mining component where
• 1:19:15
  workforce organizations may be able to kind of collectively
• 1:19:19
  mine. We'll have more details on that,
• 1:19:21
  but we got some cool partners and I won't say anything because
• 1:19:24
  nothing's finalized, but I think there could be a very cool
• 1:19:27
  mining component. Something else very cool is as
• 1:19:31
  we get more, you know, we've orange peeled now globally, I
• 1:19:34
  think 7 or 8 unions. And so they become kind of
• 1:19:38
  members of or movement. And so eventually it by the end
• 1:19:40
  of the year, we're going to have workers and wage earners from
• 1:19:43
  all over the world, across all over trades.
• 1:19:46
  And they're going to be able to communicate with each other at
• 1:19:49
  no cost, right? We're going to give them a
• 1:19:50
  platform to interact and work with each other and help kind of
• 1:19:54
  like grow that network of Bitcoiners that work day-to-day
• 1:19:58
  wage earners, right, Your blue collar Bitcoiners.
• 1:20:00
  So those are really exciting things.
• 1:20:03
  And then, dude, Chris, I didn't even.
• 1:20:05
  Gosh. Me and Elamo, you know, we're
• 1:20:08
  going to be firing up a platform on YouTube to kind of track our
• 1:20:12
  work throughout Proof of Workforce.
• 1:20:15
  I wish already that we had content like I was just in Kenya
• 1:20:19
  and I was at the Firehouse in Kenya and they were dealing with
• 1:20:22
  some stuff about membership they don't have.
• 1:20:24
  They didn't have toilets at the Firehouse I went to and we were
• 1:20:27
  able to help them get Bitcoin on the balance sheet and learn self
• 1:20:30
  custody. And I wish I had like footage of
• 1:20:33
  that experience because for them it was transformative.
• 1:20:37
  But we're going to start getting content onto YouTube so people
• 1:20:40
  can kind of track this journey, see us interacting with the
• 1:20:43
  workers of the world. We'll have cool guests on there.
• 1:20:47
  Me and the Lamo will have a segment where we're kind of
• 1:20:50
  breaking down different themes within workers and wage earners
• 1:20:53
  and how Bitcoin pertains. And like you said, Opti, we, you
• 1:20:57
  know, I'll leave the tech sometimes to a Lamo, although
• 1:20:59
  your boy ain't your boy ain't too bad on the tech, you know
• 1:21:02
  what I mean? I run a node.
• 1:21:03
  I can run a note. I can't work the TV remote, but
• 1:21:05
  I can run a node. Wait, wait, wait.
• 1:21:08
  Wait. That's a selling point.
• 1:21:10
  It can't work the TV remote. If I can run a Bitcoin node and
• 1:21:13
  see if if if Dom can do it, anyone can do it?
• 1:21:17
  I mean. Although I do get some calls
• 1:21:19
  from Dom about the seed sign or late at night and those are
• 1:21:21
  probably some of the funniest. When I'm trying to get the QR
• 1:21:24
  code with the, you go with the camera and you're like, bro,
• 1:21:27
  what? Who invent what's going on and
• 1:21:29
  he he's definitely seen some meltdowns including the biggest
• 1:21:32
  when I tried to set up a lightning node natively on a Mac
• 1:21:37
  built from scratch through terminal.
• 1:21:40
  Wouldn't recommend that, my friends, if you're, you know,
• 1:21:43
  wouldn't recommend that. But yeah, we have tons of cool
• 1:21:48
  stuff. And we, you know, again, this is
• 1:21:51
  a nonprofit, so we want to make it a movement that everyone can
• 1:21:54
  grab onto. So if you're a fan, you're a
• 1:21:57
  worker and a wage earner like we do free education and and we'll
• 1:22:02
  get your group on board for sure.
• 1:22:04
  Love it. Yeah.
• 1:22:05
  Chris, you want to chime in here on making content?
• 1:22:07
  You know, you've been making content for a long time.
• 1:22:10
  You could also maybe tease a little bit of stuff.
• 1:22:12
  We, I was actually kind of, you know, giving you guys props
• 1:22:14
  earlier, understanding what you guys are going to do.
• 1:22:16
  So you know, really, really back in this initiative you guys are
• 1:22:19
  doing. Yeah, so we're trying to do a
• 1:22:23
  weekly recap, you know, keep it short and sweet with Dom and I
• 1:22:26
  shoot in the banter. Definitely a lot of
• 1:22:27
  impersonations. Dom wants to do a lot of his
• 1:22:30
  content come in when he was in Kenya and when he's travelling
• 1:22:33
  abroad or to other unions. And then Dom oh and then the
• 1:22:37
  last one was basically doing more guests.
• 1:22:39
  So having guests on that maybe aren't the traditional
• 1:22:42
  bitcoiners. While I do love listening to
• 1:22:44
  awesome Bitcoiners on pods, this is more of normies that are
• 1:22:48
  coming into Bitcoin. So basically the orange filling
• 1:22:50
  process with a lot of people and why it's important.
• 1:22:53
  Or they basically just throw questions or ideas off Dom and
• 1:22:56
  myself on why it's important and any of the questions that they
• 1:23:00
  may have about why they should buy into it, why it's not just a
• 1:23:03
  Ponzi scheme, you know, and all those great questions that
• 1:23:06
  people have when they're starting off.
• 1:23:07
  So that's kind of like our three pronged approach for now, but
• 1:23:10
  look forward to content coming from us soon.
• 1:23:12
  The best way to stay tuned for that is follow at workforce BTC
• 1:23:17
  on X. And so we'll definitely
• 1:23:20
  announce, you know, I think we'll use, we have a YouTube
• 1:23:22
  channel at proof of Workforce, so we may use that as our
• 1:23:25
  channel, but we'll give all the information on that.
• 1:23:27
  And again, we just hope to provide some good insights into
• 1:23:31
  Bitcoin for the wage earner as well as give you some some looks
• 1:23:35
  at the work we're doing on the road.
• 1:23:37
  And when I say I'm on the road this year, I mean from Arizona
• 1:23:43
  to up in Idaho to, you know, internationally back to El
• 1:23:49
  Salvador, like there's tons of work we have across the country
• 1:23:53
  throughout multiple states. So we're going to be a ton of
• 1:23:55
  stuff on the road and and we'll meet tons of workers that are
• 1:23:58
  eager to learn about Bitcoin there.
• 1:24:01
  Love it. Now last question before we wrap
• 1:24:03
  up. Today's show is obviously for
• 1:24:06
  people out there that maybe are part of a union, You know,
• 1:24:09
  they're day-to-day workers, you know, laborers, etcetera, all
• 1:24:13
  around the globe. Can they just reach out to you?
• 1:24:16
  What's that process like? Do they just go to
• 1:24:18
  proofofworkforce.org? You know, how did these
• 1:24:21
  conversations start? If there's someone out there in
• 1:24:23
  that position, what would be the starting point for them?
• 1:24:27
  Yeah, for sure. First, first shout out to Rob
• 1:24:30
  EV, who said his eyes look more like Stallone than Arnold.
• 1:24:33
  Basically, basically said I have Down syndrome politely is what
• 1:24:37
  is what Rob said. So thanks, Rob one love for
• 1:24:39
  that. I'll try to get, maybe I'll go
• 1:24:41
  to get those, the eyelid surgery where it like lifts me up, you
• 1:24:45
  know, No, you can basically how this works is a lot of times we,
• 1:24:51
  we get in touch with labor groups or or a workforce orgs
• 1:24:55
  through a couple ways. There's a bitcoiner that is a
• 1:24:58
  part of a union and they're working to try to bring Bitcoin
• 1:25:02
  to their organization. They reach out to us, we give
• 1:25:04
  them all the resources, the tools, we go there personally,
• 1:25:08
  whatever they need to be successful at that task.
• 1:25:10
  That's one way. The second way is when we have
• 1:25:13
  something like the Blackfoot firefighters, which you all
• 1:25:15
  shared. It's simply that gets shared out
• 1:25:18
  and people see it and they go, Oh, I've been trying to do this
• 1:25:20
  at my group, so here, let me call up.
• 1:25:23
  So sharing our our work is huge. And then if you know anyone that
• 1:25:27
  wants to bring Bitcoin to their labor union, just e-mail us at
• 1:25:32
  info@proofofworkforce.org. Someone will be in touch with
• 1:25:37
  you. And when I say we have resources
• 1:25:39
  to help a person be successful in that endeavor, we have a
• 1:25:44
  treasure chest of resources at 0 cost 0 where we've remember
• 1:25:51
  we've helped 7 unions through this process.
• 1:25:53
  So everything you can imagine from emails to the board surveys
• 1:25:57
  to the membership engagement, educational stuff.
• 1:26:00
  I have a sub stack now for every union.
• 1:26:03
  Basically can just get information and try to give
• 1:26:05
  updates there and things to be aware of.
• 1:26:08
  We have endless amounts of resources.
• 1:26:10
  So when you think of this overwhelming task and you go,
• 1:26:13
  gosh, how would I ever do this? I'm a member of the electricians
• 1:26:16
  union in this small city. It just seems too much to do.
• 1:26:19
  We have everything needed to be successful in that endeavor.
• 1:26:27
  Let's go. OK, Chris, chime in here and
• 1:26:29
  then we'll wrap up today's show. Yeah, no, CF OS love us because
• 1:26:34
  it's zeroed dollars to the organization.
• 1:26:36
  But you know, I know it's beginning of the year now and
• 1:26:38
  tax season has like already the 2024 tax year has ended.
• 1:26:42
  But you know, when you're sitting in December, you're
• 1:26:43
  like, yo, we made all these sick gains, we made all this profit,
• 1:26:46
  you know, but we don't want to pay taxes on all this money.
• 1:26:49
  A charitable contribution to proofofworkforce.org is, you
• 1:26:53
  know, a not a tax deductible expense.
• 1:26:57
  So you can say hey, we're doing, they helped us out put Bitcoin
• 1:27:00
  on their balance sheet so we can, you know hide the tax gains
• 1:27:04
  and give them a charitable contribution.
• 1:27:06
  We'd love it. We'd appreciate all the help we.
• 1:27:07
  For the companies it is, but just for the individuals,
• 1:27:11
  because we're A5O1C4, it's not tax deductible.
• 1:27:14
  I think we'll probably create AC 3 in the future, but for
• 1:27:16
  individuals, I want them to know that if individuals support the
• 1:27:20
  charity, unfortunately it's not tax deductible.
• 1:27:23
  And that's because again, like our cause is kind of in between
• 1:27:27
  a charitable cause and something that I think is very valuable.
• 1:27:30
  When you think of helping workers and wage earners and
• 1:27:34
  unions find Bitcoin, you know, it's not necessarily the same as
• 1:27:38
  going into a impoverished country and providing education
• 1:27:41
  or housing. So, but I think we will have a
• 1:27:44
  true like a charitable only 'cause it with it.
• 1:27:47
  But again, I believe our mission is critical to the workers and
• 1:27:52
  wage earners of the world. I said it on your show the last
• 1:27:55
  time when I closed my Sylvester Stallone kind of droopy eyes and
• 1:28:00
  Rob EV. It's all love, bro.
• 1:28:02
  You know, I'm just joking when I close my eyes and I open them
• 1:28:06
  and imagine the world of Bitcoin in 10 years, I don't think that
• 1:28:10
  we've won. If people are still struggling
• 1:28:12
  to pay their bills, still slipping into homelessness,
• 1:28:15
  still having a hard time and they haven't found Bitcoin while
• 1:28:18
  we're all super wealthy from our, you know, highly appraised
• 1:28:22
  asset saying have fun staying poor and thinking them all made
• 1:28:26
  a fortune on it. I mean, I don't see that as a
• 1:28:29
  win. And so all we're trying to do is
• 1:28:33
  introduce the workers of the world to this so that in the
• 1:28:35
  next 10 years, hopefully they'll be there with us.
• 1:28:38
  They'll be strong. And whether it's robots or
• 1:28:41
  automation coming to displace them, they'll hold something of
• 1:28:44
  scarce value that they can have for their family to kind of move
• 1:28:48
  into the future. Let's.
• 1:28:51
  Go double horns for Dom today. Absolutely killing it.
• 1:28:55
  Chris. Dom, thank you so much for
• 1:28:57
  coming on guys. Go check out proof of
• 1:28:59
  workforce.org. Nico is in New York at Pub Key
• 1:29:04
  right now, was covering the inauguration this morning.
• 1:29:07
  He'll be back tomorrow. On that note, guys, let me pull
• 1:29:10
  you behind the scenes hang out for a second.
• 1:29:13
  Thank you so much everyone. We really appreciate you guys
• 1:29:16
  coming hanging out with us, trolling me in the chat.
• 1:29:18
  This is the way. Of course, on your way out, if
• 1:29:21
  you enjoyed this content, smash the like button comment on the
• 1:29:25
  YouTube video, on the Rumble video, on the Twitter post, and
• 1:29:29
  of course, smash the subscribe button.
• 1:29:31
  Guys, we love you. We'll be back tomorrow.
• 1:29:34
  On that note, it's been your boy Opti and I will see you on the
• 1:29:37
  flip side. Today's episode was brought to
• 1:29:40
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:29:44
  mission to enable financial independence.