Latest / Simply Bitcoin / US Governor to PROTECT Bitcoiners and BAN CBDC | EP 795

Transcript

US Governor to PROTECT Bitcoiners and BAN CBDC | EP 795 · Simply Bitcoin

• 0:15
  Yeah, we're going to submit Bitcoin live.
• 0:16
  We're your number one source for the peaceful Bitcoin revolution,
• 0:19
  record-breaking news, culture, magic, warfare.
• 0:20
  We will be your guide through the separation of money and
• 0:24
  state. We have been talking about this
• 0:26
  concept about it's not red verse blue, it's not left verse,
• 0:30
  right. It's the party of orange verse,
• 0:33
  the party of green. And it's interesting that
• 0:37
  predominant political candidates here in the United States on
• 0:41
  both sides of the aisle, on the Democratic side, you have RFK
• 0:44
  Junior. It literally his speech at the
• 0:47
  Bitcoin 2023 conference was saying that he's going to
• 0:50
  protect the right for bitcoiners to take self custody.
• 0:53
  It's interesting. On the other side, on the
• 0:56
  Republican side, in the second place for the presidential
• 0:59
  Republican candidacy is Ron DeSantis.
• 1:02
  And he released a meme, I would call it, because that's really
• 1:06
  what it is, an ad you could say better said.
• 1:09
  And it was called the Declaration of Economic
• 1:12
  Independence. And one of the tenants or one of
• 1:15
  the things, and it was a list of 10 things that he's going to do
• 1:17
  if he gets elected president #8. It was rain in the Federal
• 1:20
  Reserve. And in there there's a specific
• 1:23
  section that focuses exactly, literally.
• 1:25
  It says word for word. I'm not even kidding.
• 1:27
  Protect Bitcoin. So I think that's interesting
• 1:30
  how this is heating up. This isn't a phenomenon that's
• 1:33
  only happening in the United States.
• 1:34
  This is also happening in Canada.
• 1:36
  You have Pulier Polyvar, who is running against Justin Trudeau,
• 1:40
  and he's also against central bank digital currencies and he's
• 1:43
  for Bitcoin. So I find that really
• 1:46
  interesting how you know this political debate is heating up.
• 1:49
  At the end of the day, these are politicians.
• 1:52
  I know I'm not a big fan of politicians.
• 1:53
  I don't trust politicians, but look, I, you know, I'm, I'm a
• 1:57
  fan of this happening during the transitionary period from a Fiat
• 2:03
  standard to a Bitcoin standard. I think the more people on our
• 2:06
  side, the better, especially with, you know, what we know the
• 2:10
  other side is doing. On yesterday's episode we
• 2:13
  covered the proposed bill, bipartisan bill sponsored by
• 2:18
  Senator Cynthia Alumnis and Senator Warren that would force
• 2:22
  validators, miners, wallet providers to KYC, which is
• 2:28
  freaking crazy. So you know, the more people we
• 2:31
  have on our side of the football, the better in my
• 2:33
  opinion. And also we have a very special
• 2:36
  guest today. We have the CEO and founder of
• 2:38
  Start 9, Matt Hill. How you doing man?
• 2:42
  Hey, doing good. Thanks for having me on.
• 2:45
  Thanks for coming today. And I'm a big fan of Start Nine.
• 2:48
  I think they make some of the best nodes in the space and you
• 2:51
  guys are all about that sovereign computing, which I'm a
• 2:54
  big fan of. I got myself.
• 2:55
  I think you've rebranded. It's not the Start 9 Pro
• 2:57
  anymore, but I got one of the Founder Editions and I'm
• 3:01
  absolutely loving it. What's the rebrand called?
• 3:04
  What are you guys calling it nowadays?
• 3:06
  The pure start 9 pure and it's a.
• 3:10
  It's a workhorse. I think it runs on an I7.
• 3:12
  Is that correct? Yeah, the reason why we renamed
• 3:15
  it is because it doesn't actually pack the punch that you
• 3:19
  would expect a pro device to pack.
• 3:21
  So it is powerful. It's far more powerful than
• 3:24
  almost anything people are running Bitcoin nodes and
• 3:26
  personal servers on. But it's not, it's not the most
• 3:31
  modern chip. You know, as you start talking
• 3:34
  about like a I applications, it doesn't have enough RAM.
• 3:37
  It it's, it's a good, powerful device.
• 3:39
  But. We have plans for what we're
• 3:42
  going to call the Pro and it's going to crush this thing from a
• 3:45
  performance standpoint. But this thing is unique in that
• 3:51
  it touts a. 99.9% open software stack through to the firmware,
• 3:57
  right? There are no proprietary drivers
• 3:59
  for Wi-Fi or graphics cards or anything like that.
• 4:02
  It is a it is a very pure device that is based on some of the
• 4:08
  work that Purism put into opening up the firmware and
• 4:11
  excluding the Intel Management Engine and stuff like that.
• 4:14
  So it's a privacy and security oriented device rather than a
• 4:18
  pro power device, even though it does pack a good punch.
• 4:21
  So we renamed it to the Pure Gotcha.
• 4:24
  So you're going to take even more of my money, understand?
• 4:27
  Very looking forward to the the, the new and what you're going to
• 4:30
  call it. Anyways, I see Opti laughing his
• 4:32
  ass off. What's up, man?
• 4:34
  Oh man, doing good. Doing wonderful this morning and
• 4:37
  shouts out to everyone on yesterday's show.
• 4:39
  You guys love the lightning giveaway live.
• 4:42
  We we handled it. But I won't be happening again
• 4:45
  until I figure out exactly the the kinks on it.
• 4:49
  Because some of y'all ruin all the fun for the rest of us.
• 4:52
  But I'm excited for this one. Obviously.
• 4:55
  You know, we've been seeing Ron DeSantis talk about CBDC's for a
• 4:58
  while now. Hopefully he can.
• 5:00
  Get that conversation going in all circles and it's becoming
• 5:03
  very interesting that, you know, the CBDC and Bitcoin narrative
• 5:07
  is becoming a point of contention for political
• 5:09
  candidates. And it's going to, it's looking
• 5:13
  like it's going to be a crazy ride.
• 5:14
  And then we get the talk start 9 all day, which is, I don't know,
• 5:18
  Nico's. Nico's been getting me on and
• 5:19
  I'm like, man, I really need to get one of these.
• 5:21
  These things are looking amazing.
• 5:23
  So I'm excited for this one. Nico, let's get into this.
• 5:25
  It's going to be a great show. All right, everybody, no more
• 5:27
  delay. Let's jump straight into
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  numbers. Let's do it.
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  time of report. At the time of recording the
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  Bitcoin price is 29,250 sats per dollar 3419 Block height 800 one
• 7:00
  801,530 blocks to having 38,470 having estimate April 20th 2024
• 7:06
  Total Lightning Network capacity 4691 Bitcoin capacity value
• 7:11
  137,000,000 U.S. dollars. Realize monetary inflation
• 7:14
  1.76%. The market capitalization is
• 7:17
  $568 billion of the B Bitcoin versus gold market cap 4.38%.
• 7:23
  All right, moving on to the video that I want to talk about
• 7:26
  today. You know, they're saying the
• 7:28
  quiet part out loud. Let's check it.
• 7:30
  Let's check this out. This is Ron DeSantis at a
• 7:33
  political rally. It's a threat in Florida.
• 7:37
  We've seen them talking about it.
• 7:38
  So I actually signed legislation where we don't recognize central
• 7:42
  bank digital currency. Now Congress could override us
• 7:45
  on that, but the Fed unilaterally, I don't think they
• 7:48
  could override us on that. So we've protected Floridians,
• 7:51
  but as President on day 1CBD C goes into the trash can, we're
• 7:56
  not going to allow it. And we are gonna let Americans
• 8:02
  invest in things like Bitcoin and cryptocurrency.
• 8:04
  No one's forcing you to do it. If you want to do it, you can do
• 8:08
  it. Biden's war on Bitcoin and
• 8:11
  cryptocurrency will come to an end.
• 8:13
  When I become president, it's a threat.
• 8:15
  I mean, look, it's very, very interesting.
• 8:17
  It's not just Bitcoin errs that are like hypothesizing and like,
• 8:20
  you know, like that meme with the guy, like pointing at the
• 8:23
  board with all the wires connected and stuff like, look
• 8:25
  what's going on. It's becoming apparent that
• 8:28
  Operation Choke Point 2.0 is not just some meme that Bitcoiners
• 8:32
  came up with on the Internet, like the moves by the current
• 8:35
  administration, whether it's the Custodia bank with Caitlin Long,
• 8:38
  we had her on the show the other day.
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  Like, it's clear that in the eyes of this current
• 8:42
  administration, they don't see Bitcoin as money.
• 8:45
  They want to push forward the central bank digital currencies
• 8:48
  and look at the the look at the launch of the CBD of the
• 8:52
  American version of the CBDC, which they say is not a CBDC.
• 8:55
  But it sure feels like a CBDC, which is the Fed now, right?
• 8:59
  And here is the Declaration of Economic Independence I was
• 9:02
  mentioning in the beginning of the show and #8 one of the
• 9:05
  things that he said if if he were to like if he were to be
• 9:08
  elected president, you would block a CBDC and he would
• 9:11
  protect Bitcoin. Doesn't say crypto.
• 9:13
  He says Bitcoin by name. And of course he's not just
• 9:16
  doing this out of the kindness of his heart, He's doing this
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  because he's a politician. He wants to get elected and his
• 9:21
  direct opponent, I would say rather than Biden really is RFK
• 9:25
  Junior on the Democratic side. And he's been very vocal about
• 9:28
  supporting Bitcoin and being anti CBDC.
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  He had his speech at the Bitcoin conference.
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  They got a tremendous amount of press.
• 9:35
  And then he had another announcement, which he did on a
• 9:37
  podcast where he would vow to bow Bitcoin, he would vow to
• 9:42
  back the dollar by Bitcoin and he would exempt Bitcoin from
• 9:45
  taxes. Of course, you know, I don't
• 9:47
  trust politicians, but it's just interesting how it's like kind
• 9:50
  of like this forcing function like 1 politician says something
• 9:53
  and the other ones like, yeah, I want to get those votes too.
• 9:55
  I support Bitcoin to this is, this is very interesting.
• 9:59
  I think that by, you know the end of the decade, I think that
• 10:02
  it will become politically unviable to be something to be
• 10:05
  against Bitcoin. That's that's my opinion.
• 10:07
  But again, you know, never underestimate you know these
• 10:11
  people and the lengths that they are willing to go to in order to
• 10:15
  maintain their privilege of being able to create money for
• 10:17
  free that everyone else has to work for.
• 10:19
  So Matt, you're a builder. Is all of this stuff noise to
• 10:24
  you what's what's going on in the sidelines?
• 10:26
  And I I really want to focus that.
• 10:28
  I wish we covered that on today's show, which is yesterday
• 10:31
  we had a very, very scary bill that that came out.
• 10:34
  And in that bill it basically said that they were going to
• 10:39
  force validators and you could say validators or nodes to KYC
• 10:43
  their customers. So it's very interesting that
• 10:46
  that wording that they use. So what's your take on that?
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  The the first part or the the validator part let's everything
• 10:55
  everything. What's your take on everything?
• 10:58
  I I care deeply about politics. I'm.
• 11:02
  I I read history. I I understand and read about
• 11:06
  politics and economics and but I spend most of my time writing
• 11:09
  code. I am not up to date with every
• 11:12
  current event or which politician said what I buy into
• 11:17
  the thesis of the sovereign individual that technology is
• 11:20
  the primary driver of political change throughout history.
• 11:24
  And so I personally spend most of my time trying to create and
• 11:30
  innovate on technologies that forcibly push power to the edges
• 11:34
  of the political system and thereby influence change from
• 11:40
  from a layer beneath where these politicians are operating.
• 11:45
  So as I see people like Ron DeSantis or RFK.
• 11:49
  Talking about Bitcoin, I do not believe that this is coming from
• 11:53
  a place of of them necessarily understanding or even caring.
• 11:57
  But if from a place of necessity, right, like the the
• 12:00
  the winds are changing and they are trying to say whatever they
• 12:04
  need to say to get votes and their polling is telling them
• 12:07
  that these are the things that they need to say to get votes.
• 12:09
  And so we're we're it's working right?
• 12:12
  Like I don't believe them. I don't trust them, but that is
• 12:16
  proof that. Something is happening that is
• 12:20
  causing them to take this seriously, and not only to take
• 12:22
  it seriously, but to side with it, right?
• 12:25
  Bitcoin is forcing political change, not asking for it.
• 12:32
  And So what I get annoyed by is when I hear them say things like
• 12:35
  we're going to let you trade in Bitcoin and stuff like that.
• 12:37
  And sure, I get why they're saying that and I count that as
• 12:39
  a check mark in the win column. But also, I'm like, fuck you,
• 12:43
  you know? You're not going to let me do
• 12:44
  shit. We're going to do whatever we
• 12:45
  want. You're going to go along with it
• 12:47
  because you have to. Because technology makes you
• 12:49
  comply. I love that.
• 12:51
  I absolutely love that. And we're big fans of the
• 12:53
  sovereign individual and simply Bitcoin.
• 12:55
  We reference it at least once a week on the show, and I
• 12:58
  completely agree. And you know, it's it's the, but
• 13:02
  it's it. You're just watching the state
• 13:04
  as they they lose, you know, this, this, this.
• 13:08
  They lose their control over society.
• 13:10
  In a way. You're seeing them kind of like
• 13:12
  go through this denial phase where they're like, look, we'll
• 13:15
  let you do it. You know what?
• 13:17
  Actually, we're big fans of digital currencies too.
• 13:20
  We we like Cbdc's. We we're supporters of Cbdc's.
• 13:24
  Why don't you use that, you know, So it it's just
• 13:26
  interesting watching them squirm around it.
• 13:28
  In a way. I feel like they're panicking a
• 13:30
  little bit, like they they they want this thing to go away, but
• 13:33
  it just won't go away. That's that's correct.
• 13:37
  It's not going away. You cannot uninvent technology,
• 13:41
  and technology that empowers people, doesn't want to be
• 13:45
  uninvented. People are going to use it.
• 13:47
  And it's great that it was designed the way that it was.
• 13:50
  That's what made Bitcoin so innovative, is that it really is
• 13:53
  fuck you money. And good luck trying to get
• 13:57
  validators to KYC people. I mean it it it's silly that
• 14:01
  they at this point do not understand it well enough.
• 14:05
  To refrain from saying such a silly phrase, right?
• 14:08
  Like generally speaking, politicians try not to look
• 14:11
  foolish, right? They don't want to take hard
• 14:14
  lines against things that they can't enforce because it just
• 14:17
  makes them look silly, right? That's the one thing they always
• 14:19
  try not to do, is look silly. They can lie, they don't care if
• 14:22
  they're malicious, whatever, but they don't want to look foolish,
• 14:25
  and so that's going to make them look very foolish, right?
• 14:28
  If something like that were to come into into practice, it will
• 14:31
  be. Done overnight as they realize
• 14:35
  what a mistake they have made 100%.
• 14:38
  And what I'm referencing everybody also is just to, you
• 14:41
  know, just to kind of show everybody what I'm referring to.
• 14:44
  It is the Digital Asset Anti Money Laundering Act which was
• 14:48
  included into this defense bill. And it included extend Bank
• 14:53
  Secrecy Act responsibilities including KYC customer
• 14:56
  requirements, the digital asset wallet providers, minors
• 14:58
  validators and other network participants that may act to
• 15:01
  validate, secure or facilitate digital asset transactions.
• 15:04
  I agree with Matt 100%. I think that is unenforceable,
• 15:07
  but it doesn't mean that they're not going to try anyways.
• 15:10
  So Opti, what's your take? And then we'll move on to the
• 15:12
  news. Yeah.
• 15:14
  So first, I think it's very interesting to hear dissent, to
• 15:18
  say what bitcoiners have been saying for a while, that there
• 15:20
  is a war against Bitcoin coming from the Biden administration.
• 15:25
  And maybe it carries a little more weight because it's coming
• 15:27
  from the political class and not from, you know, US fringe.
• 15:31
  Conspiracy theorists on Twitter or whatever you want to call us,
• 15:33
  But to Matt's point, I was gonna say the same thing.
• 15:37
  Like, we don't need the president to let us do anything
• 15:39
  with Bitcoin. It's permissionless money and
• 15:40
  completely legal by constitutional standards, So
• 15:43
  it's nice to hear. And of course I don't want
• 15:47
  friction in regards to Bitcoin, like, you know, make my life
• 15:49
  easier as a Bitcoin. I would love to see it.
• 15:51
  But honey bad, you don't care. This is a global phenomenon and
• 15:54
  America will continue to shoot themselves in the foot by
• 15:57
  fighting Bitcoin. And of course.
• 15:59
  As someone that lives in America, I don't want to see us
• 16:01
  continue down this path and would like to see people embrace
• 16:05
  Bitcoin. It really doesn't matter because
• 16:08
  of entrepreneurs like Matt out there that they're building the
• 16:11
  freedom tools that will force the narrative.
• 16:13
  Like they've lost control as far as I'm concerned, and now
• 16:15
  they're they're trying to pander to Bitcoiners.
• 16:18
  So on the one hand, just love to see it and on the other hand,
• 16:23
  it's just like, I don't know, it just seems like lip service to
• 16:25
  me. But I mean, personally, I know,
• 16:28
  I know, Nico, you're in Florida and you have different views and
• 16:30
  we'd love to hear this conversation.
• 16:32
  I don't really think that Santis has a has a chance to win, but
• 16:35
  it's cool to have these conversations.
• 16:37
  It's cool to continue to echo this conversation that we talk
• 16:41
  about all the time. And I do find it interesting,
• 16:43
  like you said, Nico, that De Santis is saying this after RFK
• 16:48
  has basically come out and use Bitcoin as one of his running
• 16:51
  points. So again.
• 16:53
  I think we've said this for a while now, that moving forward,
• 16:56
  Bitcoin will be a point of contention for all politicians
• 17:00
  out there and they will have to have a stance on Bitcoin,
• 17:03
  whether they're CBDC or they are Bitcoin or as we always say, you
• 17:07
  know, Bitcoin or slavery you. Bitcoin exposes all their
• 17:11
  incentives. So now we know where people
• 17:12
  stand and obviously, hey, we don't trust politicians here,
• 17:16
  but it's it's nice to hear them talk about the things that we
• 17:19
  like. So let's just hope they're
• 17:20
  actually about what they say, or else.
• 17:23
  It's just another politician lying to us.
• 17:25
  I I don't care what they say as long as they keep talking,
• 17:30
  because the longer they talk, the more time we have to build
• 17:33
  and then it won't matter what they say or what they think,
• 17:35
  right? It already doesn't.
• 17:37
  It already doesn't. But we're just hammering that
• 17:39
  deeper. Like by the time they've come to
• 17:41
  some kind of consensus about what to do about Bitcoin,
• 17:44
  they're going to live in a Bitcoin standard.
• 17:46
  It's it's not up to them. We're moving way too fast.
• 17:49
  A 100%, a 100% agree. Anyways guys, before we move on
• 17:54
  to new section, I want to give a shout out to the biggest Bitcoin
• 17:58
  conference on the face of the Earth, Bitcoin 2024.
• 18:01
  Opti and I were there in Miami. We're going to be here in
• 18:04
  Nashville. The year of the having the
• 18:05
  Bitcoin conference is going to be in Nashville TN July 25th
• 18:09
  through the 27th, 2024. You want to get your tickets now
• 18:12
  before prices go up. For a GH349.
• 18:15
  For an industry pass, it's 849. For Whale Pass, it's 4704, seven
• 18:20
  4749. And you can use the promo code
• 18:23
  simply to get yourself 10% off tickets to Bitcoin 2024.
• 18:28
  All right everybody, let's get to the news.
• 18:30
  We got a lot to talk about today to check it out.
• 18:35
  The Daily News All right. I also want to give a shout out
• 18:40
  to the Orange Pill app. They are building the social
• 18:44
  layer for Bitcoin. The Bitcoin circular economy is
• 18:46
  coming and this is where it starts with an within real life
• 18:49
  connections. Find other bitcoiners who live
• 18:51
  close to you, find plebs while you're traveling, or find nearby
• 18:54
  Bitcoin events. Plus, Orange Pill app recently
• 18:57
  enabled Zaps you can ZAP your friends.
• 18:59
  You could zaps of you could ZAP events to help with the cost to
• 19:02
  organize your Bitcoin. Meet your your next Bitcoin meet
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  up. Scan the QR code on your screen
• 19:08
  right now and you can download the Orange Pull app.
• 19:11
  And when you sign up with the QR code you'll get 10,000 free
• 19:15
  sats. And you know Opti and I
• 19:17
  appreciate all the messages and all the love that we're getting
• 19:20
  via the Orange pull out. We appreciate you all.
• 19:22
  Anyways, today's news. I want to cover this absolutely
• 19:26
  hilarious post by our friends. It's over.
• 19:29
  If the Bitcoin conference is the Freedom Conference, the WF is
• 19:33
  the continuing air conference. And you know, they said a lot of
• 19:37
  the quiet parts out loud. And I think this is a testament
• 19:41
  to how much they fear Bitcoin, how much they really fear this
• 19:44
  change that is happening, the separation of money and state.
• 19:48
  I find it absolutely hilarious and there's a lot of cope in
• 19:51
  this. So first, the headline for audio
• 19:53
  listeners is EU unveils plans for digital euro, promising
• 19:58
  complete privacy. So it's just interesting, right,
• 20:02
  the digital euro that we're unveiling?
• 20:04
  Has privacy built into it? But if you still think I'm like,
• 20:08
  oh Nico, maybe you're seeing things that are not there.
• 20:10
  The literally the first sentence of the article starts with move
• 20:14
  over. Crypto Europe has has moved one
• 20:18
  step closer to a digital euro. The European Commission has
• 20:21
  unveiled a legal framework that paves the way for the
• 20:24
  introduction of an electronic currency across the 20 member
• 20:27
  states that use the euro. And then they pitch it to you in
• 20:30
  these paragraphs, which I find absolutely hilarious, goes on to
• 20:33
  say the European Central Bank is tasked with securing the nuts
• 20:35
  and bolts of the digital euro, which it says could complement
• 20:38
  cash and be launched as soon as 2027.
• 20:41
  So they're telling you a bunch of stuff, right?
• 20:43
  Three things that they've said so far.
• 20:45
  This is going to have privacy built in.
• 20:47
  Don't worry. Cash is still going to exist,
• 20:49
  even though, you know, they're kind of doing things in the
• 20:51
  background that basically shows that they're trying to eliminate
• 20:54
  cash. At the same time they're telling
• 20:55
  you you don't need you don't need Bitcoin and and crypto and
• 20:58
  all the shit coins like yeah, we got you, we got the, we got you
• 21:01
  the digital euro. Anyways, it goes on to say quote
• 21:03
  with the digital euro, people will be able to pay in public
• 21:07
  money. I find it absolutely hilarious
• 21:09
  when central bankers and governments call their money
• 21:11
  public money. You're not able to audit what
• 21:13
  they're doing behind the. But you know behind the scenes
• 21:16
  you don't have a copy of the Ledger.
• 21:18
  You do that with Bitcoin. What what is more public to you
• 21:21
  government. Government money that you can't
• 21:23
  audit, that you can't see the transaction on, or an open or an
• 21:27
  open Ledger like Bitcoin. Anyone can have a copy of the
• 21:30
  Ledger in their homes if they're running their own.
• 21:31
  Note what sounds more public to you to me, it's obvious, but I
• 21:35
  think it's another case of projection.
• 21:37
  Anyways, it goes on to say, uniquely, they will be able to
• 21:39
  pay both online and offline. The digital currency would be
• 21:43
  stored in a digital wallet and can be used for online and
• 21:45
  offline payments, meaning they could be made from device to
• 21:48
  device without an Internet connection, such as from a
• 21:50
  remote area or an underground car park quote.
• 21:53
  It would be safe and secure, instant and convenient, online
• 21:56
  and offline, offering more consumer choice alongside with
• 21:59
  private digital payment options such as cards and apps.
• 22:02
  Now, do they explain how they're gonna do this?
• 22:04
  Absolutely not. But they want you to know that
• 22:06
  you don't need Bitcoin, that it's gonna be private.
• 22:10
  And yeah, they're not going to get rid of cash either.
• 22:13
  That you should, you know, don't trust, verify.
• 22:15
  I mean, you should trust, don't verify what they have to say.
• 22:20
  So I just find it absolutely hilarious.
• 22:21
  I think this is another testament, is another indication
• 22:24
  that we're absolutely winning and it's just another cope.
• 22:27
  So, Matt, what's your take on this?
• 22:30
  Do you find it as funny as we do?
• 22:33
  I guess they can't do it they they can't build it.
• 22:40
  I mean they it won't work, right?
• 22:42
  Like they governments are not capable of innovating new
• 22:47
  technologies in a manner that would function at scale.
• 22:53
  They're just they. The technical expertise and and
• 22:57
  effort to do this is not something they possess.
• 23:01
  And the the free market will take care of that unless they
• 23:07
  are prepared to incite violence, unless they are prepared to use
• 23:10
  violence to force people to use an inferior product, which they
• 23:15
  are. But at the same time, that needs
• 23:18
  to. There are consequences to that,
• 23:20
  right? They have to consider the
• 23:21
  tradeoffs of whether or not they want to use violence against
• 23:24
  their own populations, but that's what it would take
• 23:26
  because there's no way they're going to out compete Bitcoin in
• 23:28
  the Lightning Network. So.
• 23:31
  That's what it would take, yeah. But why do you think that?
• 23:34
  You know, like what? Like if if we were to kind of,
• 23:37
  like, rationalize it, like, why? Why do you think they're like,
• 23:40
  they're coming out with these types of pieces and like, you
• 23:42
  know, they could, they're trying to let everyone know, like, hey,
• 23:44
  we're still in control. You know, the Cbdc's are good.
• 23:47
  You could trust us. Like, what do you think they're
• 23:50
  psychology? What do you think the psychology
• 23:52
  is behind that? I think, I think they'll try out
• 23:56
  of hubris and and you know, just arrogance.
• 23:59
  But also, you know, anecdote. HTC back in 2020, maybe 2019,
• 24:07
  announced that they were coming out with a router that would run
• 24:10
  a Bitcoin node and wallet. And it was in every tech
• 24:15
  publication, right? It was in Wired magazine and
• 24:18
  Tech Crunch and all the rest. And it was like, Oh my God, HTC
• 24:21
  is entering the. Bitcoin node world, and this was
• 24:24
  on my radar of course, because at the time we were just
• 24:26
  starting up a personal server product that would run a Bitcoin
• 24:30
  node that we knew eventually would have router functionality.
• 24:33
  So we were like okay, we're going to intersect with HTC,
• 24:35
  they're coming with the router 1st and moving towards Bitcoin.
• 24:38
  We're coming on with kind of Bitcoin server 1st and moving
• 24:40
  towards router and they that never even got two inches off
• 24:46
  the ground. It turns out that they were
• 24:48
  doing market research, right? They they made the announcement
• 24:51
  that they were coming out with the device in order to judge the
• 24:55
  the demand and market response to the announcement.
• 24:59
  The announcement itself was market research.
• 25:03
  And then they explored the technical challenges, and they
• 25:06
  decided that it the the juice wasn't worth the squeeze.
• 25:10
  And in large part because they're such a large company and
• 25:13
  it's very hard to spin up, you know, these more fringe R&D
• 25:17
  speculative divisions with any degree of efficacy or
• 25:21
  competency. And so they just didn't try,
• 25:24
  right. And yet, people still probably
• 25:27
  think that that device ended up coming out, and it didn't.
• 25:30
  And I do this in the same light. This is just governments,
• 25:32
  posturing, dreaming, seeing what what will take, what won't take,
• 25:38
  what people will tolerate, what they won't tolerate.
• 25:40
  It's never going to happen. They, I mean, they, they might
• 25:42
  try, but it's just not going to work.
• 25:45
  They cannot pull this off. Yeah.
• 25:47
  And when do you think this like veneer of like, because I think
• 25:51
  a lot of people and actually in the sovereign individual, they
• 25:53
  talk about this too, right. It's like the the Wizard of Oz
• 25:57
  analogy or so you pull the curtain and then people kind of
• 26:00
  see this this Fugazi, this, this.
• 26:04
  You know that the that the state isn't all powerful, that you
• 26:07
  know you can have a money without the state that you can
• 26:11
  you know take self custody of of your money, right.
• 26:13
  All these ideas that I think a lot of people that have lived in
• 26:16
  the Fiat matrix, the majority of of their lives have been
• 26:20
  preconditioned. And I never forget the
• 26:22
  conversation that we had the last IRL.
• 26:25
  We were talking about it and you said that this was going to be a
• 26:27
  multigenerational thing where people were going to have to
• 26:30
  unlearn this over the generations because of how
• 26:34
  conditioned they are in in current society.
• 26:38
  Yeah, I I think that's the case. You know, government is is
• 26:42
  really, really great at violence and expropriation, right?
• 26:46
  They're great at taking things that they did not build using
• 26:50
  the threat or or actual violence and.
• 26:54
  That I put totally within their capability, that's all they do.
• 26:59
  Well, So I could totally see government trying to Co opt
• 27:04
  something that others built, trying to control something that
• 27:07
  they built, right? Like I I think it is far more
• 27:10
  probable that governments will attempt to control Bitcoin.
• 27:15
  Rather than invent some competing currency, I think that
• 27:19
  talking about inventing the competing currency might be part
• 27:22
  of the strategy of controlling Bitcoin.
• 27:26
  I don't know. But you know.
• 27:30
  You know you know what? I don't know why what you were
• 27:32
  just talking about prompted this, but it came to mind.
• 27:34
  And so I'm going to say it Everyone should read The Power
• 27:38
  Broker. It is one of the most
• 27:40
  underappreciated unknown books. Ever.
• 27:43
  And it was probably the most riveting read of my life.
• 27:45
  If you look up reviews on this book, people will be like, Oh my
• 27:50
  God, I couldn't get through it. It's so long.
• 27:52
  It's so droll, It's so economic and political based.
• 27:55
  And I'm like, that's exciting shit, you know?
• 27:57
  Like, that's really what gets my blood going.
• 28:00
  It is the most accurate, transparent, clear insight into
• 28:06
  the functioning of government. And it's corruption that I have
• 28:09
  ever seen. And it, it won the Pulitzer back
• 28:12
  in 1970. You know, it's it's about the
• 28:16
  rise and fall of Robert Moses. This is the guy who basically
• 28:19
  built New York City. Basically everything you see in
• 28:21
  New York City was the result of Robert Moses.
• 28:24
  All the bridges, all the tunnels, all the parks,
• 28:27
  everything was Robert Moses. And he was the epitome of the
• 28:32
  modern, corrupt political crook. And he built a lot of shit, but
• 28:37
  it was on the backs of everyone and it was built on theft and
• 28:41
  lies. And it's just brilliant, this
• 28:44
  book, it really opens your mind into how government works.
• 28:47
  That book combined with sovereign individual is why I'm
• 28:50
  so like blah towards government is because it's like, yes, these
• 28:54
  people are dangerous, but they are A1 trick pony.
• 28:57
  They do not do much well. They do one thing well which is
• 29:01
  extortion theft and violence. Yeah.
• 29:04
  And and and I I completely agree, right.
• 29:06
  And it and it's under that veneer of violence that it it
• 29:10
  gives that that that like feeling.
• 29:13
  It's like no these these people know what they're doing.
• 29:15
  But if you look at it from a historical context, right.
• 29:18
  Anything that they get their hands on they do it less
• 29:21
  efficiently than the free market that you know the to use their
• 29:24
  words, private market, right. Or you know all the and the name
• 29:29
  all the countless wars that happened, you know, in, you know
• 29:33
  the last 20 years in the last century.
• 29:35
  It's it's all, it all stems from government, all stems from the
• 29:39
  state and then individuals and families are the victims of all
• 29:42
  that. Completely agree with you.
• 29:43
  I think Bitcoin is the solution to this.
• 29:45
  Bitcoin truly does fix this problem.
• 29:47
  Anyways, Opti, what's your take before we move on to the culture
• 29:50
  to talk about Start 9? Yeah, well, we started with the
• 29:52
  World Economic Forum and they just continue to show that
• 29:56
  they're a joke and it's just, it's completely laughable.
• 29:58
  Like what was the headline complete privacy on the digital
• 30:01
  euro like that? Even if they could build it that
• 30:04
  that is not even their intention.
• 30:05
  But again, Bitcoin has forced the narrative and they have to
• 30:08
  use, you know, Bitcoin buzzwords to basically make it seem like,
• 30:12
  oh hey, we're doing something similar, Come join us on our
• 30:15
  network. Like trust us, we're the
• 30:17
  authority figures here. And it's just kind of echoing
• 30:20
  what Matt said, like nothing they can say or write can stop
• 30:23
  Bitcoin. The builders are building faster
• 30:25
  than the bureaucrats can write laws or even try to compete on
• 30:28
  the free market. And like Matt said, and I say it
• 30:31
  all the time as well, like governments are incapable of
• 30:33
  competing on the free market. They've shown this time and time
• 30:35
  again and anytime they do. They just get absolutely wrecked
• 30:40
  and they have to either rebrand it or force the behavior.
• 30:43
  And I think this is kind of where we will end up going.
• 30:46
  We've seen the trend with Cbdc's whether they roll it out or not.
• 30:50
  I'm sure when they try to, they will use the monopoly on
• 30:54
  violence to force people's behaviors and it just shows that
• 30:56
  their product is inferior. And again, they wouldn't be
• 30:59
  talking about this if it wasn't for Bitcoin.
• 31:02
  And then again, just dunking on the World Economic Forum like
• 31:05
  it's becoming obsolete. Everything.
• 31:07
  They write it just. At least to me, just keep
• 31:10
  showing how not only out of touch they are, but just how
• 31:13
  incapable of whatever they're trying to do.
• 31:16
  They like, they can't do it. And then they just write papers
• 31:19
  and like, hey guys, listen to us.
• 31:21
  But again, you know, the Bitcoin node runners out there are the
• 31:23
  new World Economic Forum. Run a node.
• 31:26
  Run a sovereign computer. Don't trust.
• 31:28
  Verify. Make sure you are checking up on
• 31:31
  your own money and you don't need these middle men like we
• 31:33
  have the freedom tools to route around them and nothing they can
• 31:37
  say or do will stop this because honey badger don't care.
• 31:41
  This is a global phenomenon and as much as they try to control
• 31:44
  it, the the Streisand effect will just push this behavior out
• 31:47
  and more people will wake up to the idea wow, maybe I need a
• 31:51
  money. That is separated from the
• 31:53
  state. That is separated from the
• 31:54
  unproductive class Because it seems like they just want to
• 31:57
  control my behavior and steal from me.
• 31:59
  But I don't have to take this abuse anymore.
• 32:02
  Saving Bitcoin? Opt out of this stuff 100% Amen
• 32:05
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• 33:06
  Anyways, we're going to talk about start 9 today aren't we.
• 33:08
  But before we do that I have to show this off.
• 33:12
  I got an A limited edition start 9 pier and I think the first
• 33:18
  hundred got like a a special case thing.
• 33:22
  It's made by made XI. Just wanted to show it off.
• 33:25
  Anyways Opti soft legs I'm I'm I'm fan I'm fanboying right now
• 33:30
  I'm sorry. I apologize.
• 33:31
  Let. Me tell you the story of those
• 33:33
  boxes? So we we Co created this device
• 33:41
  with Purism. Purism's got some problems and
• 33:45
  we're fairly excited to no longer be doing business with
• 33:48
  them. But in the early days, we were
• 33:51
  very excited and we you know ordered these devices through
• 33:57
  them and basically white labeled their Libram Mini device as the
• 34:02
  Embassy Pro at the time. And they, in line with much of
• 34:06
  how they've done business, did not deliver the boxes.
• 34:09
  They didn't have boxes for these in time.
• 34:11
  What they had was there like Libra mini boxes and they were
• 34:14
  supposed to have our Embassy Pro boxes and they had some issue
• 34:18
  with their box supplier and they couldn't get them in time.
• 34:20
  And we had a delivery date that we had promised our customers.
• 34:23
  And because Start 9 honors its obligations and we wanted to get
• 34:26
  them out on time, we were in a bind.
• 34:28
  We didn't have boxes to ship these things in, and I didn't
• 34:31
  want to ship them in Libra mini boxes.
• 34:34
  So I called Made X and I said, what are you doing this weekend?
• 34:38
  And he was like, I don't know nothing, man.
• 34:40
  I said, how about I fly you to San Diego, CA and give you a
• 34:46
  hundredish boxes for you to paint on in any way you see fit?
• 34:51
  I don't. You're not going to get a single
• 34:53
  opinion for me. Just make them cool.
• 34:55
  Paint the shit out of these Libra Mini boxes so that people
• 34:57
  don't realize they're Libra mini boxes.
• 35:00
  And we'll do a special run of the 1st 100 units to surprise
• 35:04
  our customers and give them a custom work of art.
• 35:06
  And he immediately was just like, sure on a plane, flies to
• 35:11
  California, shows up to the Pierson facility, grabs all
• 35:13
  these Libra mini boxes, goes to the beach, pulls out his spray
• 35:16
  paint cans and just starts, just starts tearing these things up.
• 35:20
  And they came out freaking awesome.
• 35:21
  He did some really cool work. And anyway, it's a neat little
• 35:26
  story dude. I had no idea.
• 35:29
  But yes, it is so cool. This is the only box I'm not
• 35:31
  gonna throw away cuz I feel bad. Not I feel bad if I would throw
• 35:35
  it away anyways. All right here, Opti, do you
• 35:40
  want me to share my screen instead?
• 35:42
  Yeah, whatever. Should we do that?
• 35:43
  All right, let's do that. Start 9.
• 35:46
  Here we go. But here I guess first question
• 35:49
  for you Matt, for those that don't know the difference, what
• 35:51
  is the difference between a start 9 sovereign computer verse
• 35:55
  say running like a Raspberry Pi Bitcoin node?
• 35:59
  So what Start Nine does is we make a novel Linux distro
• 36:05
  operating system. Unlike any Linux distro that has
• 36:09
  ever existed, that is what we do.
• 36:11
  We sell hardware. Hardware isn't special, It's
• 36:14
  commoditized white label hardware, right.
• 36:17
  We have a light device that's based on a Raspberry Pi.
• 36:20
  We have a what we call the server one, which is based on a
• 36:23
  Intel Nook and then we have the server Pure, which is based on
• 36:27
  the purism Libra Mini. We did not make these devices.
• 36:31
  Yes, we do fulfillment. We assemble the devices, we put
• 36:34
  them in boxes and we ship them. We do not mark them up much.
• 36:38
  It's not a like we're making a killing on the hardware, but
• 36:41
  that is basically how we monetize our software.
• 36:47
  Because Start OS, the name of our operating system, is just a
• 36:51
  free download, right? The source code is on GitHub.
• 36:55
  You can compile it yourself, you can download it and you can
• 36:58
  install it on just about. Any machine under the sun we
• 37:02
  have builds for X86, ARM, Raspberry Pi.
• 37:06
  You can even run it in a virtual machine on a Mac, M1 or M2.
• 37:09
  You can run it in the cloud, on a Digital Ocean droplet, or
• 37:12
  whatever you want and you're not doing business with us, right?
• 37:17
  We just make a free operating system and then we sell
• 37:21
  commodity hardware with that operating system preinstalled.
• 37:25
  So what is unique about our operating system?
• 37:28
  To get to the heart of your question, like why?
• 37:30
  What is Start Nine doing differently than anyone has
• 37:33
  done? Start OS is the first ever and
• 37:38
  best ever as a result of being first, but also because we think
• 37:41
  we're doing it really well. Linux distro that is purpose
• 37:45
  built and optimized to enable a totally non-technical person to
• 37:50
  administer a personal server. So every other operating system
• 37:55
  basically in history. Think Windows, Mac OS, iOS,
• 37:59
  Android and all your various Linux distros from Ubuntu to POP
• 38:04
  OS and you name it. Their graphical interfaces are
• 38:08
  always optimized for the user to run a personal computer.
• 38:13
  Okay if you want to do server things right, which is what
• 38:17
  Linux is primarily used for right?
• 38:19
  Like Linux, is the server operating system.
• 38:23
  You have to get on the command line.
• 38:24
  Essentially you have to pop the hood of the graphical interface,
• 38:28
  get underneath the graphical interface, use the command line
• 38:32
  to do systems administration work, which is fairly complex,
• 38:39
  high skill set, sometimes requires years of training to be
• 38:43
  able to do it well. It involves, you know, command
• 38:46
  line skills. It involves networking
• 38:48
  understanding of network interfaces.
• 38:51
  Configuring of files using vim and nano.
• 38:53
  It just is off limits to the vast majority of the human race
• 38:58
  and so there has never been an operating system whose graphical
• 39:01
  interface was optimized for a totally non-technical person to
• 39:06
  run a server, which is a massive statement.
• 39:09
  The reason why that doesn't exist is twofold 1 is that there
• 39:13
  there has never been a massive design demand for people to run
• 39:18
  personal servers. Right.
• 39:19
  Most people have been perfectly content outsourcing servers to
• 39:24
  Apple, Google, Microsoft, Amazon, and all the SAS products
• 39:26
  that you use every day from your phone.
• 39:28
  In other words, it's not your computer.
• 39:30
  Most people have been perfectly fine over the last few decades
• 39:33
  using remote controls, which is what your phone and laptop are
• 39:37
  to operate somebody else's computer, which is what a server
• 39:39
  is, right? That's where all the data
• 39:41
  processing is taking place. It's where all the data is being
• 39:43
  stored. It's where all the information
• 39:45
  is being relayed. Most people have been fine using
• 39:48
  remote controls for decades. And so there has never been this
• 39:51
  huge market demand for an operating system that enabled
• 39:55
  people to run a personal server. Secondly, building an operating
• 39:59
  system that enables a non-technical person to run a
• 40:01
  personal server is a massive, highly, highly difficult
• 40:05
  undertaking. There's a reason why companies
• 40:08
  pay 200K plus a year for people who have systems administration
• 40:12
  skills and experience. To administer their servers,
• 40:15
  it's because it's really, really freaking hard to do.
• 40:18
  And So what we are trying to do is take a 200 K plus a year job
• 40:23
  for two people at a company and dilute it down to buttons on a
• 40:26
  screen for grandma, which most people have told us is
• 40:28
  impossible. We're never going to be able to
• 40:30
  get it simple enough for a nontechnical person to use.
• 40:33
  And on top of that, there isn't much market demand for it.
• 40:36
  We think they're wrong on all fronts.
• 40:38
  We think that there is a rapidly growing market demand for people
• 40:41
  to run a personal server and I can get into those reasons if
• 40:44
  you'd like. And two, we actually are doing
• 40:47
  it. It is getting easier by the
• 40:48
  week. Non-technical people are running
• 40:51
  it, and with our forthcoming release, we're going to make a
• 40:53
  massive order of magnitude leap, a step function in improvement
• 40:59
  to the entire experience. Yeah.
• 41:01
  And and I, and I want to and I have a bunch of questions and I
• 41:04
  think that you the your website does an incredible job at kind
• 41:07
  of explaining you know the difference between cloud
• 41:11
  computing and sovereign computing.
• 41:13
  And I think a lot of people don't understand that.
• 41:14
  And even with private so-called private messaging server like
• 41:18
  message apps like Signal, you're still sending the message
• 41:23
  through an intermediary, right? You have to send it.
• 41:25
  If I'm sending a message to Opti, it's from me to their
• 41:29
  server to Opti. You know it's encrypted, you
• 41:32
  have to trust them. But this is completely different
• 41:35
  from my understanding Matt, which is.
• 41:38
  This whole idea with sovereign computing is that you're in
• 41:40
  control of everything. And the way that you describe it
• 41:42
  is when you run a private server, you're in control.
• 41:45
  You don't rely on others to process or store your data.
• 41:48
  In the sovereign computing paradigm, concerns over privacy,
• 41:51
  censorship, hacks and fees practically disappear.
• 41:54
  And I think the perfect Trojan horse to to to get people to
• 41:57
  start caring about sovereign computing in the 1st place was
• 42:00
  Bitcoin running your own node, right?
• 42:02
  I think once you kind of fall down the Bitcoin rabbit hole,
• 42:05
  you start thinking like look like.
• 42:08
  If I'm using a a a light wallet, I'm trusting someone else's copy
• 42:12
  of the blockchain and in the process I'm Daxing, you know my
• 42:16
  my addresses and you know my balance.
• 42:19
  So then you kind of go, you you reach this eventuality, we're
• 42:23
  just like, look, I'm going to, I'm going to run my own copy of
• 42:26
  the Bitcoin blockchain. I'm going to do it through Tor
• 42:28
  so I can interact with other people.
• 42:30
  And it's like this perfect Trojan horse as to why you
• 42:34
  should be running your own dedicated device.
• 42:38
  So I find this whole concept super interesting.
• 42:40
  Now you said something and I and I wanted to ask you about it,
• 42:43
  which is this idea that the market for people running their
• 42:47
  own dedicated servers is going to increase over time.
• 42:50
  What makes you say that? What?
• 42:52
  What? Why are you so confident when
• 42:54
  when you say that? Well, for a couple of reasons.
• 42:59
  One is because Bitcoin is increasing in popularity and
• 43:05
  along with Bitcoin's increase in popularity is a increased demand
• 43:09
  for running out your your own node.
• 43:11
  You know, Bitcoin you say? Looks like we have a glitch on
• 43:15
  our website there. Bitcoin you say, you know, was a
• 43:19
  Trojan horse. I think a better word for it is
• 43:21
  catalyst, right? Like Bitcoin gave people a
• 43:24
  reason to run a private server. There are tons of reasons, but
• 43:28
  Bitcoin was a very clear cut, no ambiguity reason to run a
• 43:34
  private server. Secondly, the Bitcoin social
• 43:38
  layer makes it taboo to not run a node.
• 43:42
  So there is this social pressure, peer pressure to run
• 43:46
  your own node, which is fantastic if you're trying to
• 43:51
  bootstrap a personal server revolution because you can ride
• 43:55
  on this cultural phenomenon of you got to run your own node,
• 44:00
  you're not a real Bitcoin. Or unless you run your own node
• 44:03
  and then be like, oh personal servers running, start OS, make
• 44:06
  it trivial to run your own node and then boom, personal servers
• 44:11
  start to get adoption. Then what happens is once
• 44:13
  somebody has a personal server running a Bitcoin node, they go
• 44:17
  what's all this other stuff I can do?
• 44:19
  Oh my God. I can do messaging that is not
• 44:22
  only end to end, encrypted, but completely contained within a
• 44:26
  private network. That it's not using any third
• 44:30
  party servers whatsoever. That I don't need to trust
• 44:33
  anyone to be running the code they say they're running, not to
• 44:35
  censor me, not to use metadata to create, you know, graph
• 44:39
  profiles of who I'm talking to, etc.
• 44:41
  Etc. That you can do everything that
• 44:44
  Google workspace enables you know from document sharing and
• 44:48
  spreadsheets and e-mail and all the rest to port that all over
• 44:53
  to next cloud on your own server you can do group chats.
• 44:56
  So instead of using WhatsApp or Slack you can use a self hosted
• 45:02
  matrix instance on your server or a simplex instance on your
• 45:06
  server. Instead of using Twitter, you
• 45:08
  can use Noster. Instead of using LastPass to
• 45:11
  store all of your password words on somebody else's server, which
• 45:15
  get hacked constantly store them on your own server.
• 45:17
  Take control of your digital life, opt out of the cesspool
• 45:21
  that has become the hosted custodial, third party, trusted
• 45:26
  Internet. And so that's what we have found
• 45:29
  is Bitcoiners are leading the charge of the personal server
• 45:32
  revolution without even really realizing that that's what
• 45:35
  they're doing. Bitcoin was an entry point, a
• 45:37
  gateway drug, a catalyst for a decentralized computing
• 45:41
  revolution. That is bigger than Bitcoin,
• 45:43
  right? Bitcoin is the the most
• 45:45
  cherished, most beautiful hero of all of decentralized
• 45:49
  computing. It's the centerpiece of the the
• 45:52
  next version of human society. But Bitcoin needs a
• 45:56
  decentralized computing ecosystem and infrastructure
• 45:59
  upon which to live. If Bitcoin is resigned to living
• 46:04
  on a single Amazon server in the future, then it's not Bitcoin
• 46:07
  anymore, it's just Bitcoin code as the next CBDC.
• 46:11
  So decentralized computing is infrastructure for Bitcoin.
• 46:15
  It is necessary for freedom, and Bitcoiners are spearheading that
• 46:21
  revolution sort of by by default, simply by running a
• 46:26
  node and then discovering everything else that they can
• 46:28
  do. You did ask a question of why I
• 46:31
  think demand is going to grow. Answer #1, because Bitcoin is
• 46:35
  going to grow, and what I just described will happen at larger
• 46:38
  and larger scales. But secondly, the problems, the
• 46:41
  consequences, The costs of the current model of computing on
• 46:46
  this planet, AKA cloud computing, are becoming
• 46:50
  increasingly apparent by the day.
• 46:52
  Okay and I I dilute them down to four.
• 46:55
  There are 4 problems with cloud computing.
• 46:58
  When I say cloud computing, I mean the way humans on Earth use
• 47:01
  computers today, because that is predominantly how they use them.
• 47:05
  Number one is invasion of privacy With cloud computing.
• 47:09
  You're not private. You are absolutely exposing
• 47:11
  information about yourself to some degree or another.
• 47:14
  Two third parties, right? And you are then subject to
• 47:18
  their surveillance, their collection of your data.
• 47:21
  They're selling it to other people and that can be used for
• 47:24
  all sorts of malicious purposes. And is and has been.
• 47:27
  That's number one. And that's fairly well
• 47:29
  understood at this point, or at least becoming more understood
• 47:32
  very rapidly, #2 is censorship. Cloud computing is highly
• 47:36
  vulnerable to censorship when everyone is using the same
• 47:39
  central servers. Those servers decides who has a
• 47:42
  voice and who does not. They can do this algorithmically
• 47:45
  in in, in a way that is not apparent, and they can do it
• 47:49
  overtly in the form of deplatforming, censorship, also
• 47:53
  a rising concern, rapidly rising concern, especially over the
• 47:57
  last few years #3, is fees. When you're using somebody
• 48:01
  else's server, you are paying them right.
• 48:04
  You are the product. If if they are not charging you,
• 48:07
  they are monetizing you as an individual, primarily through
• 48:11
  data collection, data harvesting and and analytics and sales.
• 48:16
  If you opt out of that, then they're gonna charge you
• 48:19
  subscriptions. So either way, you are paying
• 48:21
  for this service in one way or another.
• 48:24
  And those costs, like all costs of centralized systems, will
• 48:27
  continue to rise until they become extortionary in nature
• 48:30
  because you are absolutely dependent on this software for
• 48:33
  your life. Without Google Workspace, you're
• 48:35
  not gonna be able to use your spreadsheets.
• 48:36
  And without your spreadsheets, you can't do your job and you
• 48:37
  get fired and all the rest. So you're dependent.
• 48:40
  They know that they will charge the shit out of you until you're
• 48:42
  broke. That's happening and will
• 48:44
  continue to rise over the coming years.
• 48:46
  And the last one, which is the one people don't think about a
• 48:48
  lot, but it is extremely important, Is the counterparty
• 48:52
  risk of Honey potting everyone's data onto onto central servers?
• 48:56
  Okay. When your data is on a server
• 49:00
  that has the data of a million other people, or more, in some
• 49:03
  cases 10s of millions of people, that server is a glowing
• 49:09
  monument to be attacked by anyone who's looking to extract
• 49:14
  the wealth from it. Okay.
• 49:15
  In other words, if you were living in a city and that city
• 49:19
  was under siege, if it was under attack, if it was, if there was
• 49:22
  a war going on and people were trying to break into the city
• 49:25
  and rob all of its inhabitants, the best possible thing that you
• 49:29
  could do is leave. Get out of the city in which
• 49:33
  there is a battle taking place. Get out of the city that is
• 49:36
  under siege. When you put your information on
• 49:40
  a central server that's storing everyone's information, you
• 49:42
  should think about it like a city under siege, that a server
• 49:45
  is being attacked by outsiders, by insiders, and it is only a
• 49:49
  matter of time before there's a breach and you end up being
• 49:53
  civilian collateral damage in a war that you did not opt into
• 49:58
  and probably didn't even know was taking place.
• 50:01
  So when you run your own server, you are immune to this.
• 50:04
  Nobody's going to attack your server.
• 50:06
  It's not worth attacking. It has minimal amounts of data
• 50:08
  on it. It's extremely difficult to
• 50:11
  attack. They'd have to physically break
• 50:12
  into your house. They didn't even know you have a
• 50:14
  personal server. It's 10 times safer to put your
• 50:17
  data on your own server than onto a Facebook server.
• 50:20
  So those are the four reasons. Those are the four problems with
• 50:25
  cloud computing. And as those problems become
• 50:28
  increasingly apparent, as invasion of privacy gets worse,
• 50:31
  as censorship gets worse, as costs rise and as hacks
• 50:34
  increase, people will increasingly ask what the hell
• 50:37
  is wrong with this system, and they will be looking for a way
• 50:41
  out. We will be waiting for them with
• 50:43
  open arms and an operating system that is perfectly
• 50:45
  understandable to them. And that's our, that's our
• 50:49
  growth strategy. I mean, I absolutely love it.
• 50:52
  And I and I and I see the. The reason I see it is I'm going
• 50:58
  through the you know you call the catalyst right the and it's
• 51:03
  100% true right before Bitcoin. You know you just you didn't
• 51:08
  think like that you didn't really kind of you know think in
• 51:12
  a way where and I think it's fundamentally because it's money
• 51:15
  right. It's like.
• 51:16
  I'm not really gonna trust someone else.
• 51:19
  And then that starts to make you think about a bunch of other
• 51:22
  stuff and then Noster pops up and I know that you guys have a
• 51:27
  feature on the start nine, that allows you to.
• 51:33
  To kind of run a Nostra node or forgive me if I messed up the
• 51:40
  terminology, but a relay. A relay.
• 51:42
  There we go. So, and it's all about that,
• 51:45
  right? So I completely, I completely
• 51:49
  see where you're coming from. And I agree, Opti, What's your
• 51:52
  take on all this, brother? I'm at the point where you've
• 51:55
  been chilling it to me, Nico, and now I'm like, I need to get
• 51:57
  one so that we can, you know, contain all of our own content
• 52:01
  on our own personal server. But for the people out there,
• 52:04
  Matt, you have three different versions on your website.
• 52:08
  You have the server light, the server one, and the server pure.
• 52:11
  Maybe break it down for the people what the different
• 52:13
  selling points of each server is for the audience out there.
• 52:18
  Yeah, happy to. So the server light is based on
• 52:20
  the Raspberry Pi. It is perfectly adequate to do
• 52:24
  self hosting for you know, a limited number of services and
• 52:28
  number of people. So if you are an individual or a
• 52:31
  small family looking to run, I don't know, 15 to 20 different
• 52:36
  open source services on your server, and it's only you and a
• 52:41
  couple of other people using it, it's going to be perfectly fine.
• 52:44
  It might be, you know, it might not be the snappiest thing in
• 52:47
  the world, but you're not using this.
• 52:49
  Like, it's not like you're interacting with your server all
• 52:51
  day every day like you are with your phone or your laptop.
• 52:53
  Servers are designed to kind of run in the background, so you
• 52:57
  would only notice, like, the slight degradation in
• 52:59
  performance when you are using it, which is acceptable to a lot
• 53:02
  of people. And it's a very cheap device,
• 53:04
  right? As an entry point you know
• 53:08
  device it's it's it's almost in the impulse buy range, which is
• 53:11
  what we want. We're not making a lot of money
• 53:13
  on this obviously, right, Like Raspberry pies, some Raspberry
• 53:16
  pies on Amazon go for 200 greater than $200.00 and we're
• 53:19
  selling a fully assembled Raspberry pie with a micro SD
• 53:23
  card in a case with a speaker and our operating system
• 53:26
  preinstalled for 220. So it's a it's a really great
• 53:29
  deal and that's why you would go with that device.
• 53:32
  The mid tier device is just more power, so it's an Intel Nook
• 53:36
  X86. It has double the RAM, it has
• 53:39
  way more storage. So the light is gonna come in
• 53:42
  like a 128 to 256 micro SD card and it runs entirely on the
• 53:47
  micro SD card. We do not recommend plugging an
• 53:49
  SSD into your Raspberry Pi. This is incredibly common in the
• 53:54
  greater Bitcoin ecosystem. You shouldn't do it.
• 53:57
  The Raspberry Pi is not designed to deliver adequate power to an
• 54:02
  external drive plugged into it. It just doesn't deliver the
• 54:05
  power needed and it can lead to data corruption and unreliable
• 54:08
  behavior. If you want to run a full
• 54:11
  archival node as opposed to a pruned node, you can run a
• 54:14
  pruned node on the light version.
• 54:16
  If you want to run a full archival node and keep the
• 54:18
  entire history of the Bitcoin blockchain, you're going to need
• 54:22
  the server, one at least, and it comes in a two terabyte and four
• 54:27
  terabyte option. I actually think we have a 1-2
• 54:29
  and four terabyte options. It's way faster than the
• 54:32
  Raspberry Pi, blows it out of the water, has way more speed
• 54:36
  than the Raspberry Pi, and it's still very affordable, right?
• 54:42
  We sell it for cheaper than I think most other server and node
• 54:45
  platforms sell their devices and it outperforms most of them, if
• 54:48
  not all of them. The pure is really the the top
• 54:52
  end device, right? It crushes the one in terms of
• 54:55
  performance. It, as I mentioned, has a open
• 54:59
  software stack all the way down to firmware.
• 55:02
  So both the Raspberry Pi and the Server one, and pretty much any
• 55:06
  other device out there is going to have gigantic blobs of
• 55:09
  proprietary software on it that are closed source and could
• 55:12
  absolutely be backdoored and all the rest, and you just have no
• 55:15
  idea. The Pure has provably open
• 55:19
  software and firmware all the way down to the inner inner
• 55:23
  pieces of the chip. So it's not 100% because it's
• 55:27
  basically impossible to get to 100% without making your own
• 55:32
  chips, and we're still a few years away from making our own
• 55:34
  chips, but we'll get there. In the meantime, this is as open
• 55:39
  as it can get, and that matters to a lot of people.
• 55:43
  Plus it's a beast of a machine and runs really, really fast.
• 55:46
  So that's, you know, that's the pure and some people gotta have
• 55:51
  it like Nico there. Yeah man, I'm a huge fan.
• 55:54
  It's my, it's my daily driver, big fan of it.
• 55:57
  And yeah, you guys guys are making some some awesome
• 56:01
  products and I'm really, really excited for, you know, for
• 56:04
  what's to come and also the future of sovereign computing
• 56:07
  and. More people taking back really
• 56:10
  control their data, right? Because I think that's what it
• 56:12
  fundamentally comes down to. But anyways, everybody, let's
• 56:15
  get to the meme review. We got a lot of memes to review.
• 56:17
  Let's check it out, the Daily Meme Review.
• 56:24
  Brought to you by Kaboom Racks. I get this question all the
• 56:27
  time. Nico, where should I buy Bitcoin
• 56:29
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• 56:31
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• 56:34
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• 56:52
  Hi guys, this is the meme review where you guys send us memes.
• 56:55
  Tag me on Twitter at simply Bitcoin TV or drop them in our
• 56:59
  Telegram group T dot me slash simply Bitcoin tweet to the
• 57:02
  bullets memes of the artillery. We are in an information war,
• 57:05
  guys, and as today is showing, you want to protect your
• 57:08
  information but also propagate the memes so that more people
• 57:12
  understand what is going on in the world today.
• 57:15
  Anyways, the 1st meme is by our boy, the BTC therapist.
• 57:18
  And it goes, trillions are coming, Hashtag BTC.
• 57:21
  And you can see a picture here. And it goes Bitcoin.
• 57:23
  It's early. And you know we got some numbers
• 57:26
  here at the bottom. We have the Bitcoin logo at 600
• 57:28
  billion, the market cap, We have the Apple logo at 300 trillion,
• 57:32
  their market cap, We have BlackRock at 10 trillion.
• 57:34
  We have the United States at 25 trillion.
• 57:37
  And then we have the globe, the entire world at 900 trillion.
• 57:41
  And you guys still don't understand that you're early?
• 57:45
  Can't make it up. Anyways this next meme is my
• 57:47
  Maxi's club. It says 476 to you and we got
• 57:51
  Maxi's. Passing a note to a noob.
• 57:54
  We're gonna say a new but it says absolutely everyone in the
• 57:57
  reading. What's this book again?
• 57:58
  The Internet of money. And they're passing them a note
• 58:01
  looks like a fortune cookie and it says you don't have enough
• 58:03
  Bitcoin. Keep stacking.
• 58:05
  OK, this next one. You guys know me I I originally.
• 58:09
  Was a philosopher. So I love Plato and I love the
• 58:12
  allegory of The Cave. And we got toxic Bitcoin over
• 58:14
  here, and he goes the shit corners cave.
• 58:16
  And we got the Chad Bitcoiner over here, the Chad Pepe
• 58:19
  Bitcoiner with the Bitcoin logo and 21 million tattooed on his
• 58:22
  chest and the Bitcoin son. And in The Cave is the shit
• 58:26
  coiner looking at XRP and Ethereum.
• 58:29
  And he thinks he's so smart. And then they got the the What's
• 58:33
  it the? The flame, you know the shadows
• 58:35
  which is the shit coin. And we get yelled out for
• 58:38
  telling you guys to unplug get out of The Cave because your
• 58:42
  shit coins are not gonna make it.
• 58:43
  OK this next meme is by Lena Sisha and she just goes Oh no.
• 58:47
  And we got a I'm gonna say a noob.
• 58:50
  This is a little hoddler memes. But we got a noob here and it's
• 58:52
  getting you know it's falling for the shit coin propaganda and
• 58:55
  it goes I made money trading and so can you and look he looks so
• 58:59
  cool. It looks like Richard Hart, you
• 59:00
  know, I'll jazzed up in his Louie Vuitton and.
• 59:04
  And the guy's like, yeah man, we're going to get rich.
• 59:06
  And then he opens a trade and it goes completely black and he
• 59:09
  gets rug pulled and he just goes, Oh no, and look, he's not
• 59:12
  even living in a house anymore. Do not lose your shirt.
• 59:15
  Just huddles. Stay humble, stacks that stay
• 59:17
  solvent. This is the way.
• 59:18
  All right. This next one is by huddle and I
• 59:21
  don't know where he got this picture of, but it's pretty
• 59:23
  hilarious. And we got a chart here, the 10
• 59:26
  year, 10 year yield and it's going to 0 obviously, but
• 59:32
  Huddles? Tweet Here goes.
• 59:33
  Imagine if the height of Core contributors affected Bitcoin
• 59:36
  supply issuance and we got the height of the chair of the Fed.
• 59:41
  We got Paul Volcker, Alan Greenspan, Ben Bernanke, Janet
• 59:45
  Yellen there and there. It's getting shorter as it goes
• 59:47
  to the right. But now we have Jay Powell.
• 59:49
  Will this make a difference on the monetary policy?
• 59:52
  Who knows? Everything seems to make a
• 59:54
  difference on the Fiat monetary policy.
• 59:57
  But we know Bitcoin's monetary policy.
• 59:59
  OK, this next one is by I I don't know how to say your name
• 1:00:02
  but. Bro, it's a Barry Innate 80 and
• 1:00:06
  we got a laser eyed bitcoiner in the desert looking for water and
• 1:00:10
  they come up on a desk, someone passing out water and it says
• 1:00:14
  Bitcoin cash and the guy keeps walking past this.
• 1:00:17
  Who wants that trash? I don't even want your water
• 1:00:20
  bro. OK and the last one, Spice
• 1:00:22
  sailor. You know, billionaires making
• 1:00:24
  memes got 11, he goes. Hashtag.
• 1:00:26
  Bitcoin is delighted at the end of the tunnel, and we got this
• 1:00:28
  cool AI picture of a Bitcoin in an orange tunnel with Bitcoin at
• 1:00:31
  the very end. Bitcoin is the way guys stacks
• 1:00:34
  at Stay humble, stay solvent. This is the way.
• 1:00:36
  Protect yourself through the great transition that we find
• 1:00:39
  ourselves in. Drop your meme of your score in
• 1:00:41
  the chat and we will cover hours live.
• 1:00:43
  Niko, you go first. You go first today.
• 1:00:46
  I'm going to give it in Bitcoin we trust Lucho.
• 1:00:50
  Pilate sticker. Boom.
• 1:00:52
  All right, that's my score. What about you Opti?
• 1:00:58
  I give it the BK bucket hat in khaki today.
• 1:01:03
  OK. And Matt, what would you give
• 1:01:04
  the score? What would you, what would you
• 1:01:06
  give those memes? I give it this one.
• 1:01:11
  Is that a made X dollar? That is a made X100.
• 1:01:17
  Amazing. Sick.
• 1:01:20
  Very cool. All right, ladies and gents,
• 1:01:22
  please drop your scores in the live chat and we will get to
• 1:01:27
  them. There's a bit of oh, first one
• 1:01:29
  by Rave Elevator, we got Fitch's United States credit.
• 1:01:34
  Downgrade AAA to AA plus. Next one by skip on down the
• 1:01:39
  road. Beam square 1,000,000.
• 1:01:41
  I felt a great disturbance in the farce, as if millions of
• 1:01:44
  Hexagon voices suddenly cried in terror or suddenly disappeared.
• 1:01:47
  That is hilarious. All Right, next one by Elaine
• 1:01:51
  Moore WEF FUD Fed BS equals more bitcoiners.
• 1:01:55
  I love that. Next one by UTXOI.
• 1:01:57
  Give the memes an allergy to caves and allergy.
• 1:02:02
  All right, Narwell tacos. Bitcoiners don't ask for
• 1:02:05
  handouts. We say we stay for the signal or
• 1:02:07
  we leave. All right, next one is by Apollo
• 1:02:10
  21, my synergy rack that wishes it could run a full Bitcoin
• 1:02:15
  node. Next one by Bitcoin for
• 1:02:17
  Canadians. I give the memes.
• 1:02:19
  Richard Hart Louis Vuitton Prison Jumpsuit collection.
• 1:02:23
  All right, are we? Are we buzzing it, Opti?
• 1:02:26
  Yes, Hold on, one more. One more.
• 1:02:28
  OK. One more.
• 1:02:29
  Steve. Orange tunnel light with orange
• 1:02:32
  man in view. All right.
• 1:02:33
  All right, guys. Thank you so much for, for
• 1:02:36
  tuning in to Simply Bitcoin Live Today.
• 1:02:37
  We appreciate you all. Thank you guys for coming.
• 1:02:40
  We want to thank our very special guests, Matt C of Start
• 1:02:44
  9. Matt, thank you so much for
• 1:02:46
  joining. Joining us today, we put your
• 1:02:48
  stuff on screen where people could find you, but why don't
• 1:02:50
  you tell our audio listeners. We're on Twitter at start Nine
• 1:02:55
  Labs. Our website isstart9.com.
• 1:02:59
  Awesome. All right, Matt.
• 1:03:00
  So why don't you hang out backstage for a second while I
• 1:03:02
  wrap up the show? Guys, thank you so much for
• 1:03:04
  tuning in to Simply Bitcoin Live.
• 1:03:05
  We really appreciate y'all if you enjoyed the show.
• 1:03:07
  Make sure to smash that light but and consider subscribing if
• 1:03:09
  you feel like we provided you value.
• 1:03:11
  And share this content and tune into our Twitter spaces, which
• 1:03:15
  we Co host with our friends over at Swan Bitcoin.
• 1:03:16
  Best place to build our Bitcoin stack?
• 1:03:18
  You're a Bitcoin stack and you can.
• 1:03:21
  It's going on until 2:00 PM. Until then, I'll see you guys
• 1:03:23
  later. Peace out.