Latest / Simply Bitcoin / BREAKING: $10 Trillion Will Flood into Bitcoin | EP 760
Transcript
- 0:10Yo, welcome to Simply Bitcoin live.
- 0:14It is Friday June 16th 2023. I'm very happy.
- 0:21And the reason I'm very happy is because Bitcoin stays winning,
- 0:25I'm going to read you to headlines, and they're about
- 0:28five, six, maybe seven years apart.
- 0:32This is a headline from October 13, 2017 BlackRock CEO, Larry
- 0:37Fink, calls Bitcoin and quote index of money laundering.
- 0:42This is an, this is an article from the same publication June
- 0:4715, 20 22 3, BlackRock files for spot Bitcoin ETF with coinbase
- 0:53as a crypto custodian. The Bitcoin incentives.
- 0:58Stay winning. They continue to win, right?
- 1:02And the only thing the other side has is coercion.
- 1:06So yeah, it's going to be a very, very bullish episode.
- 1:10We also have a very special guest.
- 1:11We have Mick from geyser who's able to join us today.
- 1:16I'm going to welcome up on stage in a second.
- 1:18But first, my legendary co-host. Always optimistic, brother.
- 1:23Holy crap. We just Bitcoin, just stays
- 1:25winning, dude. Stays winning.
- 1:27This is amazing. Yeah, I agree as we were saying
- 1:31on Twitter. You know, bull market confirmed
- 1:33but I don't know, I'm a bit conflicted here on this one.
- 1:36Nico, I know, I know Bitcoin stays winning.
- 1:39Bitcoin incentives are pure, but I don't know, man.
- 1:43I think I think my alarm bells are going off, but wait for the
- 1:45news, let's bring in. Make we got make from geyser fun
- 1:49in today. So we're going to talk about all
- 1:51the good things about guys are fund with our boy.
- 1:54Make here for Content creators. Has.
- 1:56And I think you guys are going to enjoy this one.
- 1:58This one should be epic. How you doing this morning, bro?
- 2:01I don't think. Wait, it's I'm so so honored to
- 2:04be here. Thank you guys so much.
- 2:05I've been watching you guys first since forever.
- 2:07So it seemed to be here happy to have you on the show.
- 2:13For anyone who doesn't know for anyone who doesn't know who's
- 2:16just joining us, or should we save it for the culture?
- 2:19I don't think you guys understand how important geyser
- 2:24is for. Content creators in general.
- 2:27It's an alternative form of being able to monetize their
- 2:32content. So if you were to give the
- 2:35audience a quick elevator pitch make on what geyser is, could
- 2:41you do that if you don't want? Of course, of course.
- 2:43So guys are is really a tool for for people that have ideas to be
- 2:49able to, to launch them out there, and let the let the
- 2:52community found them, right? It was really born.
- 2:56Bill from this corners for bitcoiners to launch her ideas
- 3:00and be supported by the community.
- 3:03Really easy. Simple tool that that anyone
- 3:07where anyone can contribute to the Bitcoin ecosystem, really.
- 3:11There's many different angles of which you can see geyser but
- 3:14really think about it as a bit like a Kickstarter a GoFundMe
- 3:19built on top entirely on bitcoin and on lightning and you know it
- 3:23stands on the principles of bitcoiners so it's you.
- 3:26We're not non-custodial. So all the funds may pass
- 3:29through geyser, but guys are never remains a custodians that
- 3:33always goes to goes to the creators.
- 3:37And it remains, you know, one of the best easiest ways for people
- 3:42to just start launching their ideas.
- 3:44Awesome. Yeah.
- 3:46Like I said you play and we were very lucky to share a panel
- 3:50together at the Bitcoin Bitcoin 2023.
- 3:54And I just got to say Say from and I know it's not just for
- 3:59Content creators, but from the perspective of a content
- 4:02creator, I think, guys are plays a very, very important role in
- 4:06the ecosystem and we really want to highlight that today.
- 4:11Anyways, everybody no more delay.
- 4:13This jump straight into news. We gotta go straight into the
- 4:16numbers. We got a lot to talk about.
- 4:17Let's check it out. The Bitcoin numbers brought to
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- 4:47All right guys, I want to tell you about the largest Bitcoin
- 4:49conference It's in the world's Bitcoin 2024.
- 4:51It's not going to be in Miami this year.
- 4:53It's gonna be in Nashville, Tennessee, July 25th through the
- 4:5527th 2024, the year of the having, you know, you're not
- 4:59gonna want to miss it. You can get a g a ticket for 299
- 5:02and Industry past, which I recommend if you're trying to
- 5:04get a job in the industry, 47 49 and a whale pass for 4499.
- 5:09I highly recommend this conference.
- 5:11It's the largest Bitcoin conference in the world.
- 5:13Bitcoin 2024, at the time of recording, the Bitcoin price is
- 5:1625 thousand. Eight hundred forty five cents
- 5:18per dollar. Three 1869 block height 790 4638
- 5:24reachable, Bitcoin node seventeen thousand ninety six
- 5:27blocks to having 45,000 362 having estimate April, twenty
- 5:32twenty twenty four total lightning our capacity. 5390 one
- 5:36capacity value 139 million realized monetary inflation,
- 5:401.76 percent and the market capitalization of Bitcoin 501
- 5:44billion dollars with Abby. Anyways, here is Samsung now he
- 5:48had a conversation With he was on Breedlove show and I think it
- 5:53was like an in-person recording. Anyways, I'm going to play the
- 5:57clip and then we'll talk about it.
- 5:58Let's check it out. Even if you don't want the
- 6:03bigger, the other interesting thing is I tell them, even if
- 6:06you don't want the Bitcoin, you can simply sell it though.
- 6:09If you value gold, if you value dollars, it's there for you to
- 6:14take rise, take the Bitcoin and sell.
- 6:16It's the most liquid Market on the planet with some forty
- 6:20billion dollars of trade, volume daily.
- 6:22Mmm. So, it's almost irresponsible
- 6:24not to tap into that. Yeah, and take it.
- 6:27Build roads, build hospitals, build airports.
- 6:30Now, whatever you Need the. Let's go to look at it.
- 6:33I would like to. I'm just reminded right now, the
- 6:35analogy use last time for a nation-state of a hotel.
- 6:38All right. So, shout out.
- 6:41First of all to Breedlove amazing content.
- 6:43Like always check out the, what is money show.
- 6:45But, anyways, I want to focus on this, right?
- 6:47So, specifically, what was now referring to?
- 6:50So, so Samson was referring to an energy-rich country should be
- 6:55mining Bitcoin to fund their own infrastructure.
- 6:57Indonesia, Hardware wallets Network resilience, ordinals and
- 7:00more on the latest. Episode of the, what is money
- 7:02show. But I want to really focus on
- 7:04the the top part of this, right? We're just talking about energy,
- 7:06rich countries. Well, it becomes a no-brainer,
- 7:09and this isn't just a theory anymore.
- 7:11This is something that we're watching, play out, Burma right.
- 7:16Massive amount of hydro electric capacity, and they use some of
- 7:22that crap out without saying it without saying anything, right?
- 7:25They didn't take the route of El Salvador with, you know, they
- 7:27made it the had a lot of, you know, publicity right there.
- 7:31Kind of kept it under wraps. I suspect is because they didn't
- 7:34want the attention. But, you know, this is this is a
- 7:37country that, you know, is blessed with this.
- 7:40You know, tremendous amount of hydro electric capacity excess
- 7:43capacity and they figured out. Hey, I could just turn that into
- 7:47Bitcoin before it was very hard. Like, what were you going to do
- 7:50with all that excess energy? Right?
- 7:52Is very hard to transport it over long distances, you know,
- 7:55Battery Technology is not quite there yet.
- 7:57So they figured hey, let me just turn that into Bitcoin now.
- 8:00There's so Any other countries all around the world that are
- 8:04very similar in that sense? Maybe it's not hydroelectric,
- 8:07maybe they just have a tremendous amount of, you know,
- 8:10of of fossil fuels of, you know, natural gas.
- 8:15I have no idea, right? The point is, you know, any
- 8:18country that has, you know, is energy-rich, you know, could
- 8:22mine Bitcoin. And I think that's, I think it's
- 8:24inevitable. And I think that's something
- 8:26that you're going to definitely see in the coming decade for
- 8:30sure. I think it's It all roads lead
- 8:32to bitcoin. It's just a question of.
- 8:34How long does it take for people to wake up to this?
- 8:36I don't know. Maybe I'm seeing things.
- 8:38I want to get mixed. Take what are your thoughts man?
- 8:43Really interesting at first? I thought about it in a
- 8:45different way, actually I thought something was referring
- 8:47to mine. Energy mine Bitcoin by tapping
- 8:52into your energy resources, right?
- 8:54And then just sell it into the market which is also a very
- 8:57interesting, you know, pitch to The World of Energy intensity
- 9:04countries that have a lot of resources that energy but yeah,
- 9:09that, you know, just accept it and tourists will come.
- 9:12It's the same narrative that we actually here in the UK where
- 9:16I'm based but also all over the world are people that are
- 9:19working with the merchants, to get them to accept Bitcoin.
- 9:24As just saying, look there are all these people that are crazy
- 9:27Fanatics about spending their Bitcoin just accept Bitcoin.
- 9:31And just, you can route it back into your Fiat or whatever.
- 9:34It's just an alternative payment real that has a lot of users
- 9:37that were people will come because of that.
- 9:40So as a still picture, makes absolute sense from the micro
- 9:44perspective of businesses to the macro perspective of
- 9:48nation-states. Yeah, 100% And and I love the
- 9:51way that that Samsung free phrased it, right.
- 9:54It's like look like, even if you don't like Bitcoin, like even if
- 9:57you don't believe in the in Bitcoin, you could just sell it
- 10:00like Simple as that. What are you gonna do with all
- 10:04that excess energy in the first place?
- 10:06Right? Which is that's the pitch,
- 10:07right? Like that's why, you know, a
- 10:09country like Burma would, you know, take the, it's not Burma.
- 10:14I completely messed up the name and that's oh, man, it's a
- 10:19Raton. Bhutan thank you so much Opti, I
- 10:22really apologize about that guy's is not the country that
- 10:25happen entire balance sheet from Celsius or some.
- 10:29Yes, yes, it's not Burma. So, I forgive me, guys.
- 10:32I apologize. That's my bad, but no, it's a
- 10:35country of Bhutan, very, very small country in the middle of
- 10:39Asia and apparently they have a tremendous amount of hydro
- 10:42electric capacity and they're using that to mine Bitcoin.
- 10:47I think it's just a matter of time before people wake up to
- 10:49this rally. I mean, look, oil companies.
- 10:51Energy companies are doing this already right?
- 10:53You know, you had ConocoPhillips that came out tepco which is a
- 10:57Japanese energy producer as well came out that they're mine.
- 11:01Bitcoin gasps prom also came out which is the Russian State oiled
- 11:06state-owned Energy company came out that they were mining
- 11:09Bitcoin as well. I think all roads lead to
- 11:11bitcoin. I think all excess energy is
- 11:14going to be eventually eaten by Bitcoin.
- 11:17I'm calling it right now. Anyways Opti, what's your take
- 11:20on all this? My being too?
- 11:21Optimistic is Nico being 22 Opti.
- 11:24I think you're the pessimist on the show so I am looking
- 11:28stupidly bullish here. But first, I really Mix
- 11:31perspective as well. I couldn't agree more and I
- 11:33really like how Samson kind of phrased it in that video.
- 11:37Like, it's irresponsible to not tap into Bitcoin II, can't see
- 11:42how countries or even individuals or private companies
- 11:45don't benefit from the Bitcoin Network in general.
- 11:48And I think energy is the sleeper killer app to bitcoin
- 11:53and shout out to my boy, Mike Hobart, because he's been
- 11:55beating the drum on this for a while.
- 11:57That? Yes, Bitcoin is savings.
- 11:58Yes, Bitcoin will help the individual but bit And is
- 12:01revolutionising the energy sector and it's almost
- 12:04impossible to ignore at this point.
- 12:06We are seeing more receipts, more data points.
- 12:08Proving the point that, hey, if you have excess energy, if
- 12:12you're a country with excess energy, your private company
- 12:14with excess energy, why not just plug in some off, some Asics
- 12:18profits are good and you can make more profits and make your
- 12:22company even more profitable. And hey, we do live in a
- 12:26capitalist system and I know all the corporations out there.
- 12:29Like how do we make more money? We are Just burning money and
- 12:32who likes to think about the idea that you are just wasting
- 12:35money? When there is an easy
- 12:37alternative to just plug in a 6? Like, it's as simple as either
- 12:41incentivizing, you know, mobile minors to come in and plug into
- 12:45your excess energy or, you know, building the infrastructure to
- 12:48do it yourself. So, I think there is a lot of
- 12:51opportunity here and it's only a matter of time until whether
- 12:54it's countries or companies, they all wake up to the fact
- 12:58that you are literally burning money right now.
- 13:01Are wasting money by letting your energy go without putting
- 13:04it towards something that can literally, basically print money
- 13:07out of thin air, don't we all want the opportunity to print
- 13:10money. Well, hey, just plug in some a
- 13:12sex. If you have excess energy and
- 13:14it's happening around the world right now, so it's no more just
- 13:17like ideological or theoretical. We are seeing this happen in
- 13:21real time and it's only a matter of time until the spreads out
- 13:24into other countries other companies and they wake up to
- 13:27the fact that they are literally burning money or wasting money
- 13:30right now. Now, and they can just plug into
- 13:32the Bitcoin Network. Beautiful.
- 13:34Yeah, 100%. Yeah.
- 13:37And and there's, I mean, what else could do that?
- 13:41You guys no, no clue. Make doesn't know either.
- 13:46Yeah, I'm the same market right. That the market is like someone
- 13:51said, right Bitcoins, the only true free market in the world
- 13:54and some way Bitcoin is, is, is the market for for energy.
- 13:59But really, for anything, right? Because you guys don't have to
- 14:02ask for permission to start doing a podcast about Bitcoin.
- 14:05Right. Like, you know, we didn't have
- 14:08to ask for permission to build a company in Bitcoin, like, if we
- 14:11want to try to do something like that in a traditional World,
- 14:14good. That you're going to have to do.
- 14:17I mean, first of all, to build up, guys are just to bring it
- 14:20up. We have like 10 rejections from
- 14:22bank accounts to just use geyser to create a geyser bank account,
- 14:27imagine to Route pain and through her back impossible
- 14:31impossible. So this coin just enables the
- 14:34market to happen as well. Like we don't think about that
- 14:36offer enough but it's just an incredible foundational
- 14:40technology for the development of the market itself.
- 14:45Yeah, 100%, 100%. 100% is bullish stuff.
- 14:49Bullish stuff for bullish Friday.
- 14:50Anyways, everybody, let's get to news.
- 14:52We got a lot to talk about. Let's check it out.
- 14:57The Daily News, The Daily News is brought to you by block
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- 15:36Alright guys I just want to give a shout-out to the orange pill
- 15:38app, it's building the social layer for Bitcoin, as crazy as
- 15:41this sounds. Without the people Bitcoin is
- 15:42just ones and zeroes. Bitcoin is the people Bitcoin is
- 15:46you. It's me it's Opti.
- 15:47It's make it Satoshi, download the orange pole app for iOS or
- 15:50Android and connect with other bitcoiners in real life today.
- 15:53Find other plebs that live near you and you can go into the app
- 15:57totally and on in search for other bitcoiners by common
- 15:59interest. Orangeville app is also the
- 16:01world's biggest repository for Bitcoin only events.
- 16:04If you want to meet other bitcoiners in real life, this is
- 16:07the app for you, sign up, through the App Store and you
- 16:09can even pay and stats and opting.
- 16:11I appreciate all the love and all the messages.
- 16:13We try to take the time to go through all of them, we really
- 16:16appreciate it guys. Anyways, when I get to the
- 16:19breaking news, it really came out yesterday.
- 16:21But I wanted to kind of let it marinate a little bit so that we
- 16:23can get out more information. But Rock tries tries for spot
- 16:28Bitcoin, ETF with fresh SEC, filing.
- 16:32I think the significance of this is, this is happening.
- 16:36This happened a week after coinbase was sued, by the SEC.
- 16:41And by Nance was sued by the SSC and something very similar
- 16:45happened when with Fidelity, right?
- 16:48This is a, you have two massive companies that have a tremendous
- 16:52amount of money under management and Trillions of dollars not
- 16:56billions of dollars and they both said didn't read was the me
- 17:01mopti didn't didn't read not selling or something?
- 17:05Yeah so anyways let's check out this Bloomberg article.
- 17:08It says, BlackRock tries for for spot Bitcoin ETF with fresh SEC
- 17:12filing, BlackRock ink is trying trying his hand at potentially,
- 17:16getting the first spot, Bitcoin exchange traded fund launched in
- 17:19the US. The world's largest asset
- 17:21manager on Thursday applied for the ishares Bitcoin trust,
- 17:24according to a filing. The US Securities Exchange
- 17:26Commission, coinbase. The biggest crypto Exchange in,
- 17:29the US would act as a custodian. The ETF should it launched would
- 17:33trade on NASDAQ. I think the key part of this is
- 17:37the world's largest asset manager to be specific.
- 17:41They have 10 trillion dollars under management.
- 17:45And I mean like it goes and I read you guys the, the headline,
- 17:52in the, in the very beginning and just contrasting that Right.
- 17:56So Larry Fink basically saying, you know Bitcoin is used for
- 18:00money laundering 57 years, later number go up technology, does
- 18:04its thing, Bitcoins incentives, stay winning and then all of a
- 18:07sudden it's kind of a 180 now. I saw yellow in the chat saying,
- 18:10fuck BlackRock, I completely agree.
- 18:13I don't think I think the dangers of an ETF is that
- 18:16people, get comfortable and then they just start buying the ETF
- 18:20instead of buying Bitcoin. And then you have the risk of
- 18:24what Kaitlyn all Caitlin Long. Always talks about
- 18:26rehypothecation right selling Bitcoin that they don't have,
- 18:30right? And then that could be used as a
- 18:32mechanism for Price suppression, right?
- 18:34And a lot of people theorize has a theorized that's what's
- 18:37happened to gold, right? That's been captured, right?
- 18:40So, and I've pinned this to the top of my profile.
- 18:43I don't think it's there anymore on my Twitter but I said if
- 18:47enough take if enough people take self custody, we win this
- 18:50thing. No matter what happens.
- 18:51Now, the risk with an ETF like I said, is that people You know
- 18:56what? They're charged Schwab account,
- 18:57you know the just be like, hey like why do I just you know,
- 19:01like why do I need to go to Dollars and then buy Bitcoin and
- 19:04go to the process of taking self custody?
- 19:07This is so easy, it's just like owning a stock like, why not?
- 19:10Right. So that's the kind of the risk.
- 19:12Like, if you want to be honest like from the Bitcoin
- 19:15perspective, like that's kind of the wrist.
- 19:16Now from the other perspective this is another sign of
- 19:20institutional adoption. I think that was like one of the
- 19:22narratives in 2017 was what the institutions are.
- 19:25The institutions legal institutions, never fucking
- 19:27game. But the institutions are
- 19:29definitely here now and it's that's undeniable at this point.
- 19:35Anyways, it goes on to say this is at least the thirty third
- 19:38attempt by issuers for a spot Bitcoin product.
- 19:41According to a tally from Bloomberg intelligence but
- 19:43applications have faced opposition by Regulators who
- 19:46have in the past sided Market concerns in a lack of investor
- 19:49protections. Among other things.
- 19:51That SEC, meanwhile is suing coinbase alleging that it is
- 19:54running an illegal change the company and if think about how
- 19:59consequential that is, right, the company, the largest acids
- 20:03are asset manager in the world, not only is like, okay, you
- 20:08know, clearly we know how the by demonstration feels about the
- 20:11industry. No, not only that they're using
- 20:15the company that is being sued to be the custodian in this
- 20:19thing in the first place. And as much as I don't like
- 20:22coinbase, I hate crypto casinos, I think, you know that A lot of
- 20:26people react and they, you know, they sell people in the false
- 20:29equivalence between Bitcoin and altcoins.
- 20:32Right? And then everyone kind of has,
- 20:33you know, they're they're they're, you know, unit bias,
- 20:37right, where they see, oh, Bitcoins at 29th out or 25,000 I
- 20:41can get cardano at fuckin what 3.
- 20:43So I don't know what it's trading.
- 20:44At 342 sense. I don't know.
- 20:47So you like I could buy a lot more cardano like like exchanges
- 20:50like coinbase and that sense heard a lot of people, right?
- 20:54Because it's kind of giving this It's like fall.
- 20:56It's comparing apples to oranges without properly disclosing it.
- 21:01So anyways I think this is you know, incredibly bullish, but I
- 21:04do agree with yellow. You know, black rock is
- 21:07definitely not an institution to be trusted, here's bit plate,
- 21:11bit pain and I think is a pretty good.
- 21:13Observation says BlackRock is probably the most politically
- 21:16powerful and connected entity in the United States.
- 21:19I bet this spot a Bitcoin ETF will be approved.
- 21:23Everything Gary and other agencies have done was covered.
- 21:25Wash out the undeserving FrontRunner and let the anointed
- 21:29have their do. That's a that's a pretty good
- 21:31observation let's see if that comes true.
- 21:34Here's an update from Bitcoin Bitcoin.
- 21:36Treasuries. I don't know if this is a troll
- 21:40because this isn't its American hottel meme Opti.
- 21:44Yeah. 6.15 okay so if you look at Bitcoin treasuries which is a
- 21:49website built by coin kite and Shout out mvk you know it does a
- 21:54really good job at like kind of tracking what public companies
- 21:58or what Bitcoin or what companies are holding Bitcoin on
- 22:01their balance sheet. Of course we know
- 22:03microstrategy's number one with 140,000 Bitcoin but if you take
- 22:07a look at here BlackRock is on that list and Men you think it's
- 22:12a coincidence that they bought 6.15.
- 22:16I don't know if that's a coincidence Abdi.
- 22:18I think, you know, I think they might be sending a message.
- 22:22I don't want to read too into it, but I think that's
- 22:24hilarious. Just a reminder guys.
- 22:26BlackRock holds 10 trillion dollars under management.
- 22:30But by the way, this all this only this isn't only but this
- 22:34isn't only happening with black rock, right?
- 22:37This is also happening with two or two other major institutions
- 22:41in the US and we actually This when the when the news came out,
- 22:47right, these are the top 10 owners of microstrategy stock
- 22:51and microstrategy stock, because they own so much Bitcoin.
- 22:55You can make the argument that it kind of functions like a
- 22:57Bitcoin ETF, it totally isn't. But the stuff, the microstrategy
- 23:01stock in the Bitcoin price is very, very it's tightly cord
- 23:05according to correlated, right? You know it's almost as if
- 23:09they're kind of the same thing but there's there's three
- 23:12institutions here to keep in mind.
- 23:13That are very, very interesting. So you have black rock, right?
- 23:17That loaded on microstrategy stock, most importantly, you
- 23:21have Bank of America, which bun which bought a ton of
- 23:26microstrategy stock and then, of course, Fidelity.
- 23:29Right. Fidelity also has a tremendous
- 23:32amount of assets under management specifically for
- 23:35point five trillion dollars and that's trillion with a t.
- 23:41So I mean look I'll ever Always kind of makes the case you know
- 23:48this was an air. I never forget this 2017 that
- 23:50that was the narrative. I know.
- 23:51I know Opti you remember that narrative, I everyone remembers
- 23:55that narrative institutions are coming, institutions are coming
- 23:57institutions for coming. So let's kind of go through a
- 23:59thought experiment. I'm feeling bullish on Friday.
- 24:04This was this Arc investment that was set out and it kind of
- 24:09makes three cases for you know, Bitcoin.
- 24:13And the potential price of Bitcoin in 2030.
- 24:16And, of course we don't speculate on this channel.
- 24:18We just, you know, we recommend dollar cost, averaging staying
- 24:22humble stacking SATs, but I want to have fun today, so let's do
- 24:26it. Anyways.
- 24:27The 2030 bear case. According to this Arc research
- 24:33is apparently is 258,000 for 20-30.
- 24:38The base case is 682,000 and the bull case. 2030 is one point
- 24:45four eight million and then they kind of break it down, right?
- 24:48They talk about the penetration, right?
- 24:50So if you know, if in the bull case Bitcoin would be five
- 24:54percent of corporate treasuries and the bear case, it would be
- 24:57zero II. Just don't see that happening
- 25:00remittance rate in the bear case would be 5% in.
- 25:03The book case would be twenty five percent nation state
- 25:05treasury. Now, that's where I'm kind of on
- 25:07the Bears side. It's zero percent and then the
- 25:11bull case, it's 5% emerging Kitt currency on the bear case.
- 25:15It's point five percent on the bull case it's 10% economics
- 25:19settlement Network it's 1% on the bear case on the bull case
- 25:22it's 10% seizure resistant asset on the bear case it's 1% on the
- 25:27bull case it's 5% institutional investment now I mean we're on
- 25:34the right track there right on the bear case, it's 1 percent on
- 25:37the bull case is 6.5 percent digital gold on the bear case.
- 25:42It's 20% on the bolt. Is it 50% anyways, just kind of
- 25:46wanted to, you know, talk about some possibilities.
- 25:50Some potentials like laying it out there and I love Pandora's
- 25:54Box comment for audio listeners. He or she says Game Theory.
- 26:00Works perfectly. Yeah, I think this is Bitcoins
- 26:02incentive, stay winning, you know, and that goes to show.
- 26:05And by the way, Black Rock isn't the first company that kind of
- 26:09Switched Michael sailor. Many many years before He became
- 26:14the Bitcoin Chad. There's a tweet that I remember
- 26:18that he basically said you know the this thing isn't going to
- 26:21work out like Bitcoin isn't gonna work out.
- 26:24I think Bitcoin keeps proving the world wrong with ngu with
- 26:28number go up technology. The fact that it becomes more
- 26:31and more resilient it becomes harder to kill you, had the CCP
- 26:34one of the, one of the most powerful, you know, governments
- 26:38in the world band, this thing multiple times, Band Bitcoin
- 26:44mining within their borders and the hash rate, literally only
- 26:48took nine months to recover it decentralized in the process and
- 26:51now it's continuing to make all-time highs, right?
- 26:54So if you can't kill the honey badger, you're just making it
- 26:57stronger and I think the world is starting to wake up to that
- 27:00fact. And I think that's precisely why
- 27:04black rock made this announcement.
- 27:06Now that theory by bit. Pain is very interesting if they
- 27:10approve the BlackRock ETF and they deny Tied, everything else
- 27:16that is some, that's us, man. It's very, very, very that's
- 27:20some sketchy shit. Anyways, Mick, what are your
- 27:23thoughts on this? Do you think this is a nothing
- 27:26Burger? Do you think, you know, do you
- 27:28think it's consequential? What are your thoughts about,
- 27:32you know, BlackRock applying for a Bitcoin ETF?
- 27:39Yes, so much to say I think the first point I'd like to make is
- 27:43the fact that I think of all the think, all the biggest news of
- 27:48by far is the SEC suing coinbase that is as a very, very
- 27:55important point, right? Really stressed.
- 27:58The fact that we're in this sort of moment of dividing like where
- 28:03the waters are being divided, like the the it's being clear,
- 28:08that Bitcoin is not. Security Bitcoin is as
- 28:10Commodities, digital Bearer, instrument, this decentralized
- 28:15thing, that isn't a different point than all these other
- 28:19cryptocurrency. Now, this is just started saying
- 28:21that I don't know Solana and polygons and all these other
- 28:25courts of currencies are securities.
- 28:28And this is just the beginning right there, just starting with
- 28:31the obvious ones, and then they're going to start going up
- 28:34and up, and up the entire spectrum of cryptocurrencies.
- 28:37And this is This is incredible. Like this is insane implication.
- 28:42This this really reduces all these other cryptocurrencies.
- 28:47Like reduces liquidity liquid. This is a market and and and
- 28:51gets people thinking about. Well, I have to actually be
- 28:54careful in Holiness because the security and it has, it's
- 28:57actually a legal security and it has implications.
- 29:00So I think on one hand, this is happening on the other.
- 29:02It doesn't mean that crypto will die, it will keep going, but it
- 29:08will happen. In the guise of the SEC.
- 29:10So it's like you can create your cryptocurrency.
- 29:13You just have to, you have to register it as a security.
- 29:16So in some ways I think going base, could still go still has
- 29:20two choices, right? Do I want to be do, I also want
- 29:24to continue creating these pumps and pump and pump and dump
- 29:28schemes? But within a regulated
- 29:30environment which isn't always really you know good for the end
- 29:36customers anyway but they might still find Find some way to kind
- 29:40of inserted within the regulatory framework or do I
- 29:43want to actually, you know, innovate a new payment layer
- 29:47with Bitcoin, with lightning, but I don't see them.
- 29:50Really, really do that in any case, although they have the
- 29:53opportunity. So I think that's, but I think
- 29:57something that's really important point that divides
- 29:59Waters and, you know, really stressed to the point that
- 30:01Bitcoin is another different scale than everything else.
- 30:04And that I find the most exciting thing and it will lead
- 30:07a lot of people to start. Art thinking about Bitcoin only
- 30:11as a complete different asset class.
- 30:13That's, that's the first point when it comes to the the whole
- 30:16Black Rock thing. I honestly, I honestly don't
- 30:20know, I read into a quite a bit to the the the gold with that
- 30:25they use gold ETFs to really kind of keep the price down.
- 30:31Like you guys said, I don't see that happening in the same way.
- 30:37Why is that? Why it why?
- 30:38Why is The reason is I don't see the mechanism through which they
- 30:42can contain the price. So they can do that with gold
- 30:46because a lot of the goal has been.
- 30:48Anyway it's custody. Right?
- 30:50That the majority the goal is held in vaults or maybe not
- 30:53whereas with Bitcoin there are so many holders that that do you
- 31:00know hold their keys that don't custody and it'd be interesting
- 31:03to see the percentage of Bitcoin held in custody versus not.
- 31:06Maybe that would, that would help because Like what happened
- 31:10with FDX. If you guys remember with ft x,
- 31:13they were able to manipulate and lower the price of Bitcoin
- 31:17because they were creating bit kind of didn't really have and
- 31:19selling them on the market, right?
- 31:23And, and I, and that, that price manipulation will certainly
- 31:27happen in a cloud world were in today and they will try it.
- 31:31The question is, will it work, considering the fact that a lot
- 31:34of polar's are holding their Bitcoin?
- 31:38And we're, we do have other like the secondary Market of
- 31:42peer-to-peer Bitcoin trading as well, that has different
- 31:46opinion, but prices can be manipulated, especially if you
- 31:49have a money printer on your side.
- 31:51Now, I just don't know if there's enough custodial control
- 31:56to ensure an enabled oppressed manipulation.
- 32:00I also don't trust black, frock single did Larry Fink single
- 32:05bit. Yeah, yeah I think that's it.
- 32:12Really Yeah, I mean, in, by the way, just to be clear, I don't
- 32:17trust him either and he's been, he's been a big.
- 32:21He's, he's used the fact that he has so much, so many of these
- 32:26companies, right? Black Rock, like, has so many of
- 32:29these come like if you look at you go through Fortune 500 list
- 32:34and you go to the top, you know, stockholders of everything of
- 32:37Apple, Google, whatever you will see, black rock there.
- 32:40And he's used that power too. To push, push the ESG, agenda
- 32:45hard, like, Larry, Larry. Fink was a big proponent of
- 32:49that, right? And then you kind of think about
- 32:52it. You're like, you know, Bitcoin
- 32:54kind of goes against this, this agenda in a way.
- 32:59And then, you know, you know, it makes you think, but at the same
- 33:03time, I just think incentives, right?
- 33:06I think incentives. I think American Hollow said it
- 33:08best like no one's better than their incentives and I think
- 33:11Bitcoins incentives are This table.
- 33:13And if you're looking at it from black rocks perspective, and
- 33:17then you see Bank of America, get involved, you see Fidelity,
- 33:20get involved right? You're looking at that and
- 33:23you're like, we might have to get at.
- 33:25We might have to get in front of this thing and I hope you're
- 33:29right. Make, I hope that, you know,
- 33:31they aren't able to do it because, you know, the ability
- 33:34for because of how easy it is for the individual to take self
- 33:37custody, right? So and it's instantaneous it's
- 33:40not like, okay send me my 10 million dollars worth of gold.
- 33:43Old please, you know and with the armored cars and whatever
- 33:46Bitcoin is, it's a lot easier and then hopefully, you know,
- 33:49they aren't able to do what they've done in the past.
- 33:53Anyways, Opti. What are your thoughts on all
- 33:55this brother and then we'll move on to the culture and talk about
- 33:59geyser. Yeah.
- 34:00Well, first, it's a trust and not an ETF, and I'm no expert on
- 34:03the, oh, no. And so I so apparently,
- 34:06apparently, I thought that too, but actually Corey tweeted
- 34:11something about it. Last night and he said this was
- 34:1513 hours ago. Corey says it's okay to call it
- 34:18an ETF guys Securities Act of 1933 filing under form s-1 not
- 34:24form and one a will trade on an exchange and be redeemable to
- 34:28the issue issuer, way better than gbtc now.
- 34:32We'll wait to see if the SEC approves BlackRock spot Bitcoin
- 34:35ETF. So, yeah, so awesome.
- 34:38Awesome. And it is apparently, and we'll
- 34:41leave the gbtc aside. We won't talk.
- 34:43About that today because I think there is an interesting lead
- 34:45there, but I think this is almost guaranteed to get past
- 34:49considering it is Blackrock. And I think I saw somewhere on
- 34:52Twitter that said, like 90% of their filings get passed.
- 34:56So look obviously this is bullish for Bitcoin in in some
- 35:00sense. Well in many sense legitimizing
- 35:02Bitcoin in the eyes of Trad Phi and then of course black Black
- 35:06Rock has trillions of dollars under their assets but like
- 35:09yellow keeps saying but at what cost you know BlackRock are the
- 35:12bad guys in my Ian, they own everything and in many respects,
- 35:15this is the reason that Satoshi made Bitcoin in the first place
- 35:18is to get away from these Fiat games.
- 35:20So I am very conflicted on this. I'm a kind of agreeing with a
- 35:24lot of people in the chat saying, you know, fuck black
- 35:27rock back on a black rock owns any everything but I think this
- 35:31is one of those events that was probably inevitable.
- 35:35You know, there's a for many reasons you'd expect that this
- 35:39would happen eventually And maybe it's just a little too
- 35:44late. A little too little too late
- 35:46like make kind of made me think about the issuance rate of
- 35:49Bitcoin. What do we cover that number all
- 35:51the time? Like 92% of all Bitcoin is being
- 35:53held. So maybe most of the Bitcoin is
- 35:55already held in self custody and they won't ever be able to
- 35:59actually scoop up a meaningful amount of Bitcoin.
- 36:03But there is a lot of stuff in that official filing that is
- 36:07very concerning and of course you mentioned, one of them.
- 36:13Coinbase is the going to, I'm Ellen, is the Fiat bank, but I
- 36:17think the the part that most Bitcoin has latched onto is the
- 36:21idea that black rock will be able to pull their weight behind
- 36:26whatever contentious Fork they want.
- 36:28So it has this little clause in there that saying, they were use
- 36:32their discretion to determine which Fork is the real Fork.
- 36:35So, it will be interesting to see whether they try to Fork
- 36:39Bitcoin into like an ESG friendly for it.
- 36:42And People get duped into following that chain and I think
- 36:45Marty been asked a very good question and we kind of
- 36:48mentioned it here about Bitcoins.
- 36:50Incentives is, was this Black Rock Hand being forced by
- 36:56Bitcoin or, you know, are they trying to Corner the market?
- 37:01So it's one of these like, is this a chicken or an egg moment?
- 37:04But, you know, going further, we kind of touched on it with bit
- 37:08pain. It really does seem like the
- 37:11powers that be have stopped. Every other ETF attempt and to
- 37:15make sure that the Fiat overlords get the first spot
- 37:17Bitcoin ETF. So you know, it's a lot of red
- 37:20flags at least maybe it's just me being a paranoid Bitcoin.
- 37:23ER, and I just like, oh man, I don't know.
- 37:26I fundamentally don't trust Black Rock and it just makes me
- 37:30feel like men, you know, I do feel like this will pump our
- 37:34bags. Also kind of what make touch on
- 37:37as well. The concern about price
- 37:39suppression but it does legitimize Bitcoin.
- 37:42Of course, The Narrative of like the the institutions are coming.
- 37:46Well hey guys, we've been saying it for a while, they've been
- 37:49here and I don't think people really can't wrap their head
- 37:53around the idea of trillions of dollars.
- 37:56Like that's a shit ton of money you.
- 37:57So if they're putting their way around, you know, wherever
- 38:00they're putting their way and what they're trying to push, I
- 38:03don't know it just it really does seem like one of those
- 38:06truly terrifying moments is just like an average Bitcoin ER that
- 38:10will probably never see trillions of dollars.
- 38:12You know, but I hate being a defeatist so like I still think
- 38:16Bitcoins incentives, work. And again, I think most of the
- 38:20Bitcoin is in South custody and like what can we really do?
- 38:23And it's pretty much what we continuously do is try to
- 38:27educate people get people to hold Bitcoin in self custody and
- 38:30I think now is one of those important times to be.
- 38:33Like, look, if you aren't running a node right now, you
- 38:36should be doing that at this point because hey, we know that
- 38:40running a node in and of itself, doesn't Unless it has economic
- 38:43activity and if Black Rock runs a node and they're pushing
- 38:47trillions of dollars through that node, then yes.
- 38:49There contentious Fork will probably dwarf anything that all
- 38:54of us bitcoiners are doing and we've seen in the past.
- 38:56Of course, coinbase was one of the big you know, Nemesis in the
- 39:01fork Wars. Now they're going to be maybe
- 39:03one of the biggest custodians of Bitcoin and I don't know it just
- 39:08a lot of red flags and my alarms are going off in my head.
- 39:12I head, but also I think in the eyes of the average person, this
- 39:16does legitimize Bitcoin and obviously people will start to
- 39:20wake up and there will be a lot of money that gets funneled into
- 39:23Bitcoin. So I don't know.
- 39:25It's one of these like, man, I don't know it at what cost are
- 39:29we going to be absolutely bullish.
- 39:31But it does seem like the bear Market is over and we've seen
- 39:34this Playbook happen all the time.
- 39:36I mean you covered it in the beginning, Larry Fink's been in
- 39:39active anti Bitcoin ER and now He is endorsing Bitcoin.
- 39:44So it's one of those playbooks that we talk about all the time.
- 39:47Like I don't like Bitcoin. Let me fill my bags.
- 39:49And once my bags are packed, I love Bitcoin.
- 39:52And let's start this bull market.
- 39:53So man, I don't know we've seen this play but happen all the
- 39:56time. But I really do on one hand,
- 39:59feel like this was inevitable. And on the other hand it's like
- 40:02I still believe in Bitcoin and the incentive structures and I
- 40:06think Bitcoin will overcome this as well.
- 40:10It's just it's only one it's one of these things where like it's
- 40:12In time, we will see what happens and I don't know.
- 40:15I don't think we should get too too - here or too optimistic
- 40:19about it. I think this is something that
- 40:21we knew was going to happen at a certain point but there is a lot
- 40:24of fishy stuff, man. Just like genzler, Clearinghouse
- 40:26of the feline, overlords can get in, it's just I don't know.
- 40:30It makes me feel weird. It's like man, it's all a
- 40:32conspiracy. It's did I my time?
- 40:34You know, I'm the conspirators here.
- 40:36So, I'm just like, man, I don't know.
- 40:38The only thing that's true is Kaboom Rex.
- 40:42Oh, man. All right, everybody Opti you
- 40:44just fucking great job. Dude, that was that was good
- 40:46stuff. That was some mighty, you get
- 40:49included, Marty been in there some other cakes.
- 40:51Hey, I'm not as dumb as I like Mica.
- 40:54I never said that, I never said. I'm the one that says that I'm
- 40:57the one that says that usually. Anyways, everybody, you
- 41:01definitely want to make it over the Finish Line with your
- 41:04generational wealth and the way you do that is by properly
- 41:08storing, your Bitcoin, up your Bitcoin, wallet seed words, and
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- 41:13And the way you do that is you put it on steel.
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- 41:32on B, plates.com. Anyways, everybody.
- 41:35Let's get to the culture. The daily culture brought to you
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- 42:32details. And of course, if you have any
- 42:34questions, doubts, or concerns, you can hit me up on Twitter or
- 42:37the orange fill up. Anyways Opti no more delay.
- 42:40I'm really freaking excited to talk about guys are today II,
- 42:45kind of fan Boyd in the very beginning Mick, what you're
- 42:48doing is is extremely important and I'm really looking forward
- 42:53to this conversation. Yeah.
- 42:56Same here. Well, let's recap, let's recap
- 42:59for everyone. What exactly is geyser and why
- 43:02should the audience care about the project?
- 43:05Obviously, Niko's, a fanboy but let's do it again.
- 43:08Again, for people coming in late and for the people in the back.
- 43:13Right. So imagine Kickstarter, but on
- 43:16bitcoin, on Lightning, but because Bitcoin is global
- 43:21borderless. This platform is also borderless
- 43:24and Global, right? So it's the easiest way for
- 43:28anyone to Just Launch her ideas and and raise funds through the
- 43:33community. So again, it's, you know,
- 43:36there's different platforms out there that are emerging, you
- 43:38know, obviously now stirs an interesting career Call that
- 43:42enables tipping and things like that, but it was guys are really
- 43:46focused on ideas, right? And people that have an idea,
- 43:49have a project, sometimes a long-term project, they can put
- 43:54it out there, you know, sponsor and get community to support
- 43:58them by funding it. And at first, I was like is this
- 44:02going to happen like a bitcoiners going to actually
- 44:05want to spend their Bitcoin and you know my hunch was yes my
- 44:09hunch was people do want to support Causes of the care about
- 44:14within the Bitcoin ecosystem. They do want to spend our SATs
- 44:17to do want to contribute, and whilst I often, say this, while
- 44:22spending Bitcoin is painful sending SATs is joyful, because
- 44:27it's not the same experience with lightning.
- 44:29It's so easy. Sending money quickly, instantly
- 44:33border Loosely cheaply is one thing and then sending funds on
- 44:38chain, which are, you know, heavy sometimes, they call
- 44:40storage is a whole different. Experience.
- 44:42And so our bet was with lightning, you can create a send
- 44:46funds on chain as well, but we were really, you know, initially
- 44:50mostly lightning - now we're, you know, fully Bitcoin and
- 44:53lightning native and that's sort of the idea, right?
- 44:57You, you launch your idea people sunsets from all over the world
- 45:01and let me tell you one of the key projects themes that exists
- 45:05on Geyser is education. We all care so much as
- 45:10bitcoiners for Bitcoin education.
- 45:12Spreading Bitcoin education all over the world wherever it be.
- 45:17And so we're seeing most projects being in some shape or
- 45:21form being related to education. If you're a Bitcoin ER and you
- 45:24have your future job, you can contribute by just supporting
- 45:27these projects by donating. You can even purchase items from
- 45:31these projects that are selling items or you can actually put
- 45:35out there, your project, your idea and and start contributing
- 45:39to the ecosystem and I think this is one of the other key.
- 45:42In size that we had early on which rose Bitcoin is something
- 45:46that we all feel passionate about.
- 45:47So we all have skills will have passions.
- 45:50So for example, we see people that are football fans, football
- 45:53players and bitcoiners that aside to kind of what we bring
- 45:57those two passions together and so they go out there and do
- 46:00their football club and call it Bitcoin Ballers.
- 46:03Shout out to to juiciest and create a project that is focused
- 46:07on bitcoin for the football community in the UK, right?
- 46:12You see this all on and on right?
- 46:14See artists are like I love Bitcoin, I'm an artist.
- 46:16I want to contribute to the space I'm going to do a comic
- 46:18book. I am a fiction writer and I love
- 46:22Bitcoin. Let me write a story about it.
- 46:24I'm a filmmaker and I want to make a film or a documentary
- 46:28about Bitcoin on and on you know creative Enterprises educational
- 46:32projects and Community project. You know, people that are like
- 46:36okay I want to create my own meet up.
- 46:38I'm going to create one of the big one right now is Kansas
- 46:41City. Shout out to the guys in Kansas
- 46:43City. I have a really cool, very big
- 46:46meet up and they get community contribute towards it to buy
- 46:48beers to give SATs back away within the community.
- 46:53So it's really just a really easy platform for people to put
- 46:57their ideas out there and get support from the community,
- 47:00really community-centered crowdfunding that is easy to do.
- 47:04So you plug in your lightning address and you're good to go.
- 47:06You can also plug in your node in which case it's free to use
- 47:09geyser. Using a lightning address is We
- 47:12tried a 2% fee per transaction but that's really about it.
- 47:16We're not custodial funds, go straight to the Creator.
- 47:20So we cannot censor, we cannot freeze.
- 47:23Obviously we're still a platform.
- 47:25So if there's projects that don't align with our, with our,
- 47:29you know, ethos or training cell secure, illegal Securities, we
- 47:32will have to close those projects down, we have to so,
- 47:36you know. So as a company, be careful and
- 47:40you know, regulated But what's important for us is that the
- 47:43funds go straight to the creators of the what happens
- 47:45with the trucker's could not have happened on Geyser?
- 47:47We do not hold funds. Again, this is part of the key
- 47:51ethos that, that we have. So yeah, hopefully that answers
- 47:54a few questions, but how do you take some more?
- 47:56You answered all the questions that I had for you but let's
- 48:00let's look for the future because the the one of the one
- 48:11of the He's about GoFundMe, right?
- 48:14Was when the Canadian truckers protests happened, what
- 48:18happened? The Canadian government stepped
- 48:20in and they said, no, no, you know, you can't donate to people
- 48:26that we don't agree with so and then this functions a little bit
- 48:32differently, right? Because it's peer-to-peer.
- 48:34So, like, technically, they could go after the platform but
- 48:36they can't take the money, right?
- 48:38And I think that's really the, the, you know, The the this
- 48:43something that I love about your platform so also make is this is
- 48:47this a for-profit company? I'm assuming it is, right?
- 48:50Yeah. Absolutely.
- 48:51We're C Corp base in the u.s. you know we still think that we
- 48:55can take on the big platforms that are out there.
- 48:58You know, GoFundMe like Kickstarter and just focus on a
- 49:02Bitcoin, only model, gotcha, and then so and then so you take a
- 49:06percentage of the SATs that are donated.
- 49:09How does that? What's the, what's the technical
- 49:11stuff? Yeah, And that because you said
- 49:13it's peer-to-peer. So how does that work?
- 49:15Yeah, that's a really good question.
- 49:17So so if you're a Creator and you want to create a project,
- 49:19you can, you can you can do two things.
- 49:21You can either connect your node in which case the funds go
- 49:25straight to your node and we don't even touch them and we
- 49:27don't take any fees. So that's that's the option one
- 49:30and so if you're not a runner, it's a no-brainer critical to
- 49:32guys because it's free to use and an option two is you plug in
- 49:36your lightning address. And then we forward all the SATs
- 49:40directly to your, to your lightning.
- 49:42Address. And in that case, we take a 2%
- 49:45fee just obviously to maintain the node and operation costs and
- 49:49all and all are our costs. And the way that we do that
- 49:54technically is by using these hottel invoices.
- 49:57So basically makes it even more noncustodial because we don't
- 50:02actually ever custody or funds not even for a second.
- 50:06What we do is that we send the funds over to the creator of the
- 50:09project to the receiver and then we take the money from the
- 50:13funder. It's really smart interesting.
- 50:16Smart Contra that was created on Lightning called hottel invoice.
- 50:19That enables us to kind of forward SATs in a noncustodial
- 50:23way. Gotcha.
- 50:25This is, it is one more question on this side, not to cut you off
- 50:29Nico. But can people donate
- 50:30anonymously or their identities necessarily attached to their
- 50:34donations or what's going on here.
- 50:36Another really good question, so you can donate anonymously.
- 50:40Absolutely. If you want to purchase a
- 50:42reward, sometimes you can buy it by things, some of the projects
- 50:46sell items. In that case, you will have to
- 50:49do anything. You have to do is drop your
- 50:50email in order to kind of maintain that connection because
- 50:54Have to do the, the the seller, so that you may get the
- 50:58postcode, or something like that.
- 51:01And then if you're, but if you're creating a project, you
- 51:04do need to tie your identity. So you need to login, you those
- 51:07Twitter Noster, which is a lot more sense of shock resistant
- 51:12and or lightning, addresses actually as well assume.
- 51:17And, and the reason for that is that we, the trust element is
- 51:21important, right? People will fund you.
- 51:23If they, if they That you're a real person.
- 51:25If you claim to be a time back, people are not going to, you
- 51:28know, people might fall for it, right.
- 51:30But we need to, we need to have a system of web of trust model
- 51:35where people can find you because, you know, Nico is Nico
- 51:38and, you know, yeah, you're right.
- 51:42So it does a key element that we thought we would maintain.
- 51:45So that the social layer is important here as well.
- 51:49Abdi, when are we making a geyser, bro?
- 51:51I don't know. It seems like we got to do it
- 51:53now, bro. We got to do it.
- 51:54I have a plan. I know Ben's on there, right?
- 51:57I'm pretty sure bets on their hands on it.
- 51:59We've got a few people and look, I think podcasters for
- 52:02podcasters. I think it's been, you know,
- 52:04quite growing growing quite a loss.
- 52:05Actually. If you click on podcasts, you'll
- 52:08see it on there. There's quite a few podcasters
- 52:10in there. Okay, I like science.
- 52:13So it said I can do three. So here we go.
- 52:15Here we go. Are you so with podcasts?
- 52:19I think actually two bits idiots.
- 52:21Podcast won the grant. Last actually, I think they've
- 52:23created a Projects as well. So if you click on their
- 52:26profile, you can actually see the different projects of this
- 52:30created. Yeah, that's the one.
- 52:33So I think with the kids are home, addition, we actually won
- 52:35the leaderboard for last week for, for top of kids, art
- 52:41competition. So it's really trying to gamify,
- 52:45making a great experience, quitting and leaderboard and
- 52:47also, adding tooling. So, for now, what you can do is
- 52:49you can write entries, which are like long-form articles, you can
- 52:54Tad Milestones, but also looking forward.
- 52:58We're looking to add more functionalities that we're still
- 53:01exploring, like example, adding events rise, with the events,
- 53:04could be a physical location, but it could also be like, you
- 53:06know, a stream or it could be something else.
- 53:11I, and then also posts, right? The ability to actually write
- 53:14updates or posts so it functions like a bit.
- 53:17Like you said, you know, it's for creators that have an idea
- 53:20that they want to happen, but it can also exist within the Folio
- 53:25of a company creator that wants to put their work out there.
- 53:29And obviously that rewards you can sell things, you know, merch
- 53:32and things like that. And I think we're going to be
- 53:35working quite a bit on the reward side in order to make to
- 53:38integrate, pull shipping to make it easy for people to buy things
- 53:42in a still in a censorship resistance way.
- 53:44So we will not like custody any any information around your
- 53:48address but you still be able to receive things in your, in your
- 53:52home as well. Yeah, there's a lot of exciting
- 53:56things that we're looking to get as well in the future.
- 53:58So it might be turning into a Marketplace as well.
- 54:01It's just not, not only like a Kickstarter funding platform.
- 54:05Yeah. I mean like there's only so much
- 54:08that a platform can actually do, right?
- 54:11So you know, we wouldn't be able to compete, you know, with with
- 54:15platform that is entirely focused on a Marketplace.
- 54:18We, you can't sell things on Geyser and it's still, we can
- 54:22improve the the marketplace experience.
- 54:24But it does have to still be focused on that on that project
- 54:28or that idea of a creator of the say.
- 54:30So yeah, I think you're kind of right?
- 54:33Although it you'll not ever find everything on Geyser.
- 54:36I think it'll be very so focused on kind of crowdfunding ideas.
- 54:41Awesome. What was your what's one of your
- 54:43most more? I don't know.
- 54:45Proud achievements that you got funded through geyser.
- 54:49So actually on the right side you see project leader board.
- 54:51You see if you click all time you can you can see that the top
- 54:54project so far. So the top part so far by far is
- 54:57a Bitcoin trading cards with 2.1 Bitcoin funded and obviously
- 55:03this project is like incredible. I was always bullish about
- 55:06Bitcoin trading cards but it is it is blowing my mind.
- 55:10Even further, right? So I hadn't received 180
- 55:14individual contributions and what they do is of these sell
- 55:17these like Pokemon like create a trading card Collectibles that
- 55:21are about focus on bitcoin and Bitcoin culture and they're
- 55:24incredibly exciting to play in open and share and trade.
- 55:30Shout out to a laden who's leading in as an incredible work
- 55:34already created there. There s their second series and
- 55:40it's Good like really records anyone to check it out.
- 55:45Yeah, Bobby. I love a lot and I love what
- 55:47they're doing with with Bitcoin trading cards.
- 55:50We're going to have them back on the show very, very soon.
- 55:53They released its the second series, right?
- 55:57The second series are released and then their work for my
- 55:59understanding. They're working on the third
- 56:01series. Super.
- 56:02Super cool. Man, I am I'm extremely bullish
- 56:06on this project specially when Government start to crack down
- 56:12and stuff, you know, because it's just it's what you said.
- 56:16It's unsensible, its peer to peer.
- 56:19Does that worry you a little bit to right?
- 56:22Where, you know, instead of GoFundMe people go to geyser to
- 56:26start raising money instead, is that something that I'm sure
- 56:30you've thought about this? Yeah, I mean again the the worst
- 56:34I can always happen is that we the beautiful thing is that we
- 56:37cannot take any funds and that makes us so much more more more
- 56:40comfortable. Now, if someone comes up and
- 56:43starts to create on want to create a militia on Geyser, then
- 56:46you know, we can't afford to allow that.
- 56:48Like and we do have a terms and condition and, and so far so
- 56:52good. And 99% of brought in fact, so
- 56:55far every project has actually existed within our terms.
- 57:00And yeah, if you want to create An entirely censorship resistant
- 57:05crowdfunding platform. Then maybe we would refer you to
- 57:09be dissipate server where you run your note and you receive
- 57:11all the funds and there is no interface, you know, platform
- 57:14that can be sensory, so absolutely.
- 57:17But I think we're more in tune with, you know, Bitcoin as a
- 57:21peaceful Revolution, right than that.
- 57:24Anything else now, are we going to have issues?
- 57:26Yeah, perhaps on the line that there will be but, you know, we
- 57:30try to maintain the Bitcoin has as much as possible.
- 57:32Awesome. But also focusing on bitcoin
- 57:34being an accessible tool for the world and also we do have plans
- 57:39to explore more natively on sensible solutions that are more
- 57:47Nasser based as well. But that would be, I think a
- 57:50separate thing because guys are as it is now I think has an
- 57:54incredible potential but as a tool that can go mainstream that
- 57:58yeah we'll have some of those those liabilities but You know,
- 58:03we are, we are, you know, we are we have the ethos, you know,
- 58:07every Bitcoin investor, every Star, every geyser investor has
- 58:10been Bitcoin. Only, you know, we really focus
- 58:14on bitcoin, only investors the board of your Bitcoin only.
- 58:17So, you know, we have the backing of the community and you
- 58:20know, that's how us for how we approach it.
- 58:22Awesome man. Well dude, all the power to you,
- 58:25man. Very, very cool stuff.
- 58:27Incredibly important project especially, you know, coming
- 58:30from the perspective. As a constant Creator and will
- 58:34spin up. So hopefully soon a simply
- 58:36Bitcoin geyser and will be on there.
- 58:38And yeah, anyways, Opti no more delay.
- 58:42This jump straight into the know, it did, that was just a
- 58:46culture. We're gonna do the mean review,
- 58:47kaboom. The daily meme review brought to
- 58:55you by Kaboom racks. I get this question all the
- 58:57time. Nico.
- 58:57Where should I buy Bitcoin? Miners to answer is Kaboom
- 59:00racks. It's the best place to buy
- 59:02Bitcoin miners. That's where you're going to
- 59:04find the best deals and the best prices start.
- 59:07Your mining Utopia today to check out their racks.
- 59:10You got to go to T dot me, slash Kaboom racks.
- 59:13Join their telegram group and start your mining Journey today.
- 59:17Kaboom racks. Kappa.
- 59:19Dem mix probably like what the fuck is going on?
- 59:30Why did I agree to? This is the mean review.
- 59:34This is your favorite portion of the show everyone wonders
- 59:37whether they miss the meme review or not.
- 59:39Now, you just gotta wait till the very end to get to the meme.
- 59:42As we say every single day, tweet to the bullets, meme to
- 59:45the artillery and it is becoming very, very clear.
- 59:48We are in an information War right now.
- 59:51So continue to educate continue to get the cause of action out
- 59:54there and continue to build the morale up of your friend and
- 59:58your family out there with the funnies.
- 1:00:00Anyways. Dropping me move, you score in
- 1:00:03the chat once we cover hours live so that we can get yours
- 1:00:07red on the show. This first one, shouts out to
- 1:00:09American Honda. If you are on the spaces
- 1:00:11yesterday we were joking about this mean but I had to bring it
- 1:00:15up here today. Considering I knew we were going
- 1:00:16to be talking about Black Rock and he Does deer at BlackRock, I
- 1:00:20hear you come to bargain. My price is 25 million per corn
- 1:00:23and corn. Yeah, / corn.
- 1:00:25And as always remember, today's price is not tomorrow's price
- 1:00:29and you can see here BlackRock as his giant Kraken and we have
- 1:00:33or octopus. I don't know what the difference
- 1:00:34is. We got a hard layer here with
- 1:00:36his keys in hand, his Bitcoin, in self, custody fighting, The
- 1:00:44the Leviathan that is black rock but shots out the wine here.
- 1:00:46My price is a medium sized Planet.
- 1:00:48I agree, I agree. All right, this next one again,
- 1:00:51on the same thread, a lot of these are Black Rock related on
- 1:00:54the same side, we got James lavish and he goes, there are
- 1:00:56whales and then there are Black Rock Wales and you can see here,
- 1:01:00BlackRock as the Behemoth whale, and we have the OG whales
- 1:01:04looking absolutely tiny in comparison again, guys.
- 1:01:08I know big numbers are hard, but really try to wrap your mind
- 1:01:12around How much 10 trillion dollars really is.
- 1:01:16I really don't think you guys are bullish enough and also
- 1:01:19probably not terrified enough. Okay.
- 1:01:21This next one is by our boy, Pedro, AKA a tree tweet on
- 1:01:26Twitter and this is the Spider-Man Meme and Lois Lane.
- 1:01:30And I forget what Peter Parker. Because, tell me the truth, I'm
- 1:01:34I'm ready to hear it. And Spider-Man goes a Bitcoin
- 1:01:37ETF, would just be another shit coin, and she's crying again.
- 1:01:43Next one, we asked yesterday the pole is not done but is a spot
- 1:01:47ETF good for Bitcoin. 66 percent said, yes. 33.9% said no and
- 1:01:53this is almost a typically relevant with a thousand votes.
- 1:01:56Anyways, well love BTC on Twitter goes is this good for
- 1:01:59Bitcoin and yes, everything is good for Bitcoin.
- 1:02:03You guys already know. Okay, this next one is by a boy,
- 1:02:06the BTC therapist and he goes, I'm never selling my Bitcoin, do
- 1:02:09not sell your Bitcoin to Black Rock and this is the classic
- 1:02:12corn. Farmer me mangas when Black Rock
- 1:02:14CTF is approved the plebs. And you can see back here is a
- 1:02:18giant green candle with the Bitcoin logo on it.
- 1:02:20And it goes, it ain't much, but it's a million dollars.
- 1:02:23This is the way. Okay again on the Black Rock
- 1:02:27theme I really like this one. We got Francis pull it this
- 1:02:30one's a little more meta theme meta Meme here for you guys
- 1:02:32because Black Rock in 10 years. We really want your Bitcoins.
- 1:02:35Will you take 2.5 million dollars a piece and Bitcoin
- 1:02:38maximalist. And you can see these little
- 1:02:40houses in between these Giants. Scrapers in Manhattan.
- 1:02:44I'm guessing there. These are all ince's not just
- 1:02:46only in Manhattan. I guess we got a house next to
- 1:02:49these big corporations buildings.
- 1:02:51We got this little house. Next to the sky risers and again
- 1:02:55on the same theme they're going to come and ask you for a price
- 1:03:00eventually you hard lers. Got a hold out.
- 1:03:03I really like how hot it was. Putting it in our spaces.
- 1:03:05Yesterday, there will be a Jato by out.
- 1:03:08Well you make it past the Jato by out.
- 1:03:11Anyways, this next team is by Mac Maxi's club and it goes for
- 1:03:1328 Fudd, question, mark and we got the classic riding a bicycle
- 1:03:18meme template. We got Maxis with the Fudd and
- 1:03:22the Fudd. Instead of making the bike, go
- 1:03:25over its head and do it in. Do it just eats the fun Bitcoin
- 1:03:29Maxi eating the fighter right Nico.
- 1:03:30This next one was a fan Edition so I'm pretty sure this one's
- 1:03:39going to be good but it's going to make me go feel weird here.
- 1:03:42Ago, this is by our friend Copernicus.
- 1:03:45No, no, no, we can't do this. Can't do this.
- 1:03:48Not acceptable. Okay.
- 1:03:51Not acceptable, honest work. I try not acceptable.
- 1:04:20Mine is this card by SATs obsess mentality?
- 1:04:23You already know shots at the Bitcoin or BTC pens, but today's
- 1:04:27card is a space cat, okay? All right, I'm going to give it
- 1:04:33because it is the Friday show. I'm going to give it a bunch,
- 1:04:37all right, may give it my own confiscate abby'll pass my
- 1:04:42purse. Pacific, Bitcoin spotpass and my
- 1:04:45Bitcoin 2023 pass. Those are this, that's my
- 1:04:49scores. There's a my scores.
- 1:04:50Those are my scores. Kaboom racks.
- 1:04:53Anyways, Mick. What would you give those memes.
- 1:04:58Pretty good in terms of what item.
- 1:05:01I don't know how much with me unfortunately.
- 1:05:05Anything. We could be anything like
- 1:05:08anything. I've got a pen.
- 1:05:14Oh, that is that is the best score?
- 1:05:16Yes. That when we when the pain gets
- 1:05:19pulled out guys, it's a red pen as well.
- 1:05:22So it's like it's just a bad one.
- 1:05:24It's a red, and the cross out BlackRock Meta, Meta score.
- 1:05:29All right, all right, everybody again before we get to the meme
- 1:05:33scores and maybe score in the chat.
- 1:05:35In the chat drive him to do it, dick.
- 1:05:37Boom racks. All right.
- 1:05:39Anyways, I want to give a shout-out.
- 1:05:41Can we go before we do the represent plug?
- 1:05:44They said the last name that is a kaboom rack.
- 1:05:47That is a kaboom that right. Anyways everybody I want to tell
- 1:05:51you about our sponsor. Representative d.com Opti night
- 1:05:54where the merch every single day.
- 1:05:55I'm wearing the classic simply Bitcoin camo, hoodie, opt he's
- 1:05:58wearing the represent, orange pill, merge and the classic dad
- 1:06:02hat, you could scan the QR code on your screen, do it.
- 1:06:05Now, and it will take you directly to the represent
- 1:06:08LTD.com website on which you could buy the classic represent
- 1:06:12Snapback simply Bitcoin hat. It's limited edition.
- 1:06:16Get it while supplies last anyways, everybody let's jump
- 1:06:20into the scores but before we do that cue, the epic music.
- 1:06:29Elaine who Larry Fink changed my Bitcoin.
- 1:06:32And becomes honest, he helps you helps and Wars stops the vision
- 1:06:36among people. The Bitcoin World becomes
- 1:06:39beautiful for all Elaine. I think it's too early to tell
- 1:06:42but I'm very hopeful but but it's very optimistic, you txo.
- 1:06:48I give the memes one Victorian show, host, I don't get it.
- 1:06:54I don't get a top roller. Happy to see you brother.
- 1:06:56Haven't seen you in a minute package of fruit.
- 1:06:58Roll-ups. Okay, it's good unsolicited or I
- 1:07:02give the memes a black heart. These filter is terrible today.
- 1:07:10These tarantula inspired beard, long, thick thick Opti must say
- 1:07:15black rock seven times. Super fast like rock,
- 1:07:17background, black black, black black, black, black, black rock,
- 1:07:20Black, Rock, No7, all right. That's good.
- 1:07:23That's good. All right.
- 1:07:24Next one. Roman More going up forever.
- 1:07:31With Spartan soundboard. Whiticus.
- 1:07:37Hey, hey, what are you doing here?
- 1:07:39Launching my Satoshi. Billionaire fund on Geyser where
- 1:07:43everyone in the world. Donates one site to make me.
- 1:07:45The first crowdfunded, sat building Pandora, Boxx HQ Paul.
- 1:07:54Krugman comment about internet. Yes very nice.
- 1:07:56Very nice dude. I can't read that.
- 1:08:02I know. I can't either as out to you,
- 1:08:07bro. Shoutouts to shoutouts to you
- 1:08:09dude. Score and ten years BlackRock.
- 1:08:11Bitcoin in 2023 was our best investment oof.
- 1:08:16We're out of time. All right everybody.
- 1:08:19Thank you so much for tuning in to another episode of Simply
- 1:08:21Bitcoin live. Really want to give a very
- 1:08:23special shout-out to Metta Mick. Think from geyser.
- 1:08:26Thank you so much for joining us today.
- 1:08:28Make appreciate you, man. Appreciate what you're doing?
- 1:08:31Keep it up. Like I've been saying, I think,
- 1:08:34you think your Checked it plays an essential role in the
- 1:08:37Bitcoin, ecosystem for Content creators, for other people that
- 1:08:40are, you know, trying to Crown fund and very, very happy to
- 1:08:43have you on the show today. Why don't you tell everybody?
- 1:08:47You know, we have your we have your handle pulled up on screen
- 1:08:49but for audio listeners. Why don't you tell everybody
- 1:08:51where they could find you on the interwebs?
- 1:08:54Absolutely. So we're active on Twitter at
- 1:08:57geyser fund. Also on telegram.
- 1:09:01Same thing, we have a telegram channel that was quite active
- 1:09:05and then obviously on Geyser dot fund.
- 1:09:08You can always go there fun, create a project and get get and
- 1:09:12also contribute to them. But yeah, that said, thank you
- 1:09:15so much. I think what you guys are doing
- 1:09:16here is fantastic and pivotal and education.
- 1:09:20What you guys are? They making fun is so important.
- 1:09:23Than it was an absolute blast to be here.
- 1:09:24So thank you, much Nico and optic more.
- 1:09:27Appreciate you having you man. Thank you so much for joining
- 1:09:29us, guys. Thank you so much for joining us
- 1:09:31on simply Bitcoin live. I want to give a shout out, by
- 1:09:34the way, to everybody who supported us on Fountain, we're
- 1:09:38in the top 10. This is the first time in simply
- 1:09:40Bitcoins history or a number nine.
- 1:09:42Holy cow. Thank you.
- 1:09:44All we would not be there without you.
- 1:09:46So appreciate all the love. We're going to be making a
- 1:09:49geyser page. Very, very soon.
- 1:09:51We're going to be including that in Our video descriptions moving
- 1:09:54forward, wine. I'm talking to you, whine, you
- 1:09:59can find us on anchor Spotify, Apple Fountain and your favorite
- 1:10:03podcasting platform of your choice.
- 1:10:05Simply Bitcoin will be there and also shout-out to our Rumble
- 1:10:08audience. We hit we hit 51 live viewers on
- 1:10:13Rumble today. That's freaking awesome.
- 1:10:15So you know you could find simply Bitcoin on hopefully in
- 1:10:18your favorite platform. We are live streaming to Twitter
- 1:10:21there as well. Anyways if you want to join the
- 1:10:23After party, we're holding it down until 2 p.m.
- 1:10:25Eastern Standard time with their friends, over at Swan Bitcoin
- 1:10:29best place to build your Bitcoin stack.
- 1:10:32Breaking news, Chrissy and Opti broke.
- 1:10:34Again, broke up again, but they will be getting back together
- 1:10:37very very soon. Yeah.
- 1:10:39Hashtag leave my toaster alone opt he's just pulling up all the
- 1:10:41stuff anyways guys enjoy your weekend have a great time.
- 1:10:46Don't stop stacking SATs, Don't Stop Believing.
- 1:10:49We're gonna win this thing just bunker down.
- 1:10:51Anyways, love you all will see you guys later.
- 1:10:53Peace out.