Latest / Simply Bitcoin / Max Keiser: Trump Will Take Bitcoin to $1M | EP 998

Transcript

Max Keiser: Trump Will Take Bitcoin to $1M | EP 998 · Simply Bitcoin

• 0:02
  It's. All going to zero against
• 0:05
  Bitcoin. It's going up forever.
• 0:15
  You're against Bitcoin, you're against freedom.
• 0:26
  No, that was a live view of the Overton window completely being
• 0:30
  shattered because the leading presidential candidate for the
• 0:34
  Republican Party just said at the Libertarian conference that
• 0:38
  he is going to free Ross Albrecht.
• 0:42
  Not only that, he's going to protect the right of Bitcoiners
• 0:44
  in the USA to, to, to self custody, right.
• 0:48
  So Bitcoin is on the ballot in 2024.
• 0:52
  Again, I gotta say, we did not make this a partisan issue.
• 0:55
  This became a partisan issue because the whole industry was
• 0:59
  being attacked. Elizabeth Warren was on a, you
• 1:01
  know, on unholy crusade to go after the industry using false
• 1:06
  narratives. She, you know, created the
• 1:07
  narrative using the Wall Street Journal that Hamas was using
• 1:11
  Bitcoin to launder money, that Joe Biden proposed a 30% tax on
• 1:16
  Bitcoin miners just because they're Bitcoin miners, right?
• 1:19
  We had all the, you know, the attacks from the New York Times
• 1:22
  basically trying to make the case that somehow Bitcoin miners
• 1:25
  were emitting emissions, right? This, you know, Operation Choke
• 1:28
  Point 2.0, Caitlin Longs Bank Custodia Bank denied the federal
• 1:31
  banking charter. It was literally an attack and
• 1:34
  then what happened, we got fed up the moment they put one of us
• 1:38
  in a box, the moment they put the samurai wallet guys and they
• 1:41
  arrested them, Bitcoin privacy developers, people that were
• 1:45
  writing code, they awoken the beasts.
• 1:48
  They, they stirred up the hornet's nest and the hornet's
• 1:50
  nest fought back. Now they tried to walk it back a
• 1:53
  little bit. That's why the Ethereum ETF got
• 1:55
  approved. But I think it's too little too
• 1:57
  late. I still don't believe them
• 1:59
  because they also voted on the the central bank digital
• 2:03
  currency bill. And again, it was it was a long
• 2:06
  party line. So my question, very simple
• 2:09
  question is like, why is this a partisan issue?
• 2:11
  Why is the central bank digital currency is a partisan issue?
• 2:14
  Why is Bitcoin a partisan issue? This is a non partisan issue.
• 2:17
  They made it a partisan issue and now all of a sudden a huge
• 2:21
  portion of their demographic is like, you know what?
• 2:24
  I don't like you guys. I'm gonna vote for the orange
• 2:26
  man because he likes the orange coin, right and other news also,
• 2:30
  it seems like another country is joining the hash wars, right?
• 2:34
  Another country announced that they're mining Bitcoin.
• 2:37
  So of course we had the Kingdom of Bhutan that partnered with
• 2:40
  the public miner bit deer. They increased their their,
• 2:44
  their hash rate significantly. We had El Salvador, an article
• 2:48
  from Reuters dropping basically announcing that they mined 474
• 2:52
  bitcoins since they started mining.
• 2:54
  And of course now the breaking news is that Kenya partnered
• 2:57
  with Marathon to here's the keyword to monetize under used
• 3:03
  energy by mining. And that's the key, right is
• 3:05
  stranded energy, excess energy. That's where Bitcoin miners come
• 3:09
  in Bitcoin is the first technology that gives stranded
• 3:12
  energy excess energy value, right.
• 3:15
  It's able to monetize that. And I think you're going to
• 3:17
  start to see this all over the world now.
• 3:19
  It's become a pattern. And now it's become a pattern.
• 3:21
  And these public miners, they're just looking all over the world
• 3:24
  looking for cheap, cheap electricity to turn it into
• 3:27
  sweet, sweet Satoshi's. So it's a day loaded with news
• 3:31
  and of course, we have a very special guest today.
• 3:33
  We have the CEO and founder of Bitcoin.
• 3:35
  Well, we have the one, the only. Brian, how you doing, Adam?
• 3:39
  What's up? Watch this.
• 3:41
  Yeah. Streamers.
• 3:42
  Let's go. I'm good, man.
• 3:45
  How are you? Streamers for Bitcoins, man.
• 3:47
  Sweet sweet Satoshi's from stranded energy.
• 3:51
  You'll you'll love to see it. Absolutely, man.
• 3:54
  Dude, I, I gotta say, I, I just Canada is freaking awesome,
• 3:58
  Bros. I, I and gals who are watching
• 4:01
  like I am every time I went to Alberta for for the, the, the
• 4:05
  Bitcoin rodeo. I went to Montreal now for the
• 4:08
  Canadian Bitcoin Conference. I have a good time every time,
• 4:12
  other than the moment in immigration where I thought for
• 4:15
  half a second I was gonna get arrested.
• 4:17
  Other than that, it was a positive experience.
• 4:20
  And I gotta say, like, you guys knock the, I can't curse, but
• 4:25
  knock the S out of each other on the ice, playing hockey, like
• 4:29
  all the niceness goes away. And then like the most
• 4:32
  gladiatorial sport more than American football, like like
• 4:36
  knives on their shoes with sticks and they just, Bah, you
• 4:40
  know, it's crazy, dude. But Canada's an awesome country.
• 4:44
  I was stoked to, yeah, Nico and I got to watch a a hockey game
• 4:48
  in a rowdy sports bar in in Montreal.
• 4:52
  It was pretty awesome. It was, it was epic.
• 4:54
  It was a good game, had a lot of fun.
• 4:56
  And yeah, it was dynamite. It was good stuff.
• 4:59
  It was a great time. It was a great time.
• 5:00
  I also want to bring up my legendary comes Always
• 5:02
  Optimistic. It's Monday, so the optimism
• 5:06
  levels, I mean the. Optimism levels are low on
• 5:09
  Mondays. We could be a we could all
• 5:11
  acknowledge that, but no man, life's great.
• 5:15
  I, it's I guess said every day it's hard being negative when
• 5:18
  you're a bit coiner, but I do I do want to publicly say that the
• 5:24
  stars are going to beat the Oilers tonight.
• 5:26
  So I'm very hyped that Adam's on the show.
• 5:29
  I've been, I've been saying this for a minute that I'm having a
• 5:32
  great time being an NHL fan right now because I I've
• 5:37
  actually experienced it now. And yeah, the Stars are going to
• 5:40
  take this. Adam, I'm, I'm sorry, but we're
• 5:42
  going to take this. Bro, I mean, this might just
• 5:44
  turn into the Oilers Stars podcast for the next week.
• 5:48
  We might just Nico off to the side until Florida gets the
• 5:51
  boots. But yeah, there's like there's
• 5:53
  some stakes on the line here, man.
• 5:55
  We've got, we've got it, you know well.
• 5:57
  Actually, can I? I'm going to expose the stakes
• 6:00
  here. So if, if, if the Stars win this
• 6:05
  series, then the Bitcoin well team will have to Don a Stars
• 6:10
  flag at their headquarters. And if the Oilers win, then I'll
• 6:14
  be wearing an Oilers hat on the show for the following week.
• 6:18
  So exams are the stakes. James and I were at the watch
• 6:22
  party a few days ago and we passed a hat and he was like
• 6:26
  should I just buy Optias hat right?
• 6:28
  Now. Just make sure we get ahead of
• 6:31
  it. Bro, I, I just gotta say,
• 6:35
  hockey's, hockey's absolutely crazy.
• 6:38
  And also Panthers. The Panthers are in it, I think.
• 6:41
  So, you know, it's just weird, you know, the three cities.
• 6:44
  Man cut his mic off. Cut his mic off it's.
• 6:47
  Pretty and and like, like why is there a hockey team in Florida
• 6:50
  also? That's that's kind of strange
• 6:52
  anyways. Trevor looks to retire 'cause
• 6:54
  there's good taxes. Exactly it's like we have to
• 6:57
  have a hockey team here. Anyways guys, it's going to be a
• 7:00
  hell of a show. Lots to unpack.
• 7:02
  We're going to get started. Welcome to Simply Bitcoin, the
• 7:04
  most watched daily Bitcoin live show on YouTube, Rumble and X.
• 7:07
  If you guys are enjoying the show so far, smash the like
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  button really, really helps with the algos and helps push the
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  orange signal forward. Before we get the show started,
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  Well, what is self custody by default?
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  What is it? Well, you can't buy Bitcoin on
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  started today. All right, everybody, let's hit
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  Stamp your seed on stamp seed. It's already 600 of you guys
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  watching live. So you guys are enjoying the
• 9:45
  show. Smash the like button really
• 9:47
  really helps with the algos. At the time of recording the
• 9:50
  Bitcoin price is 70,410 stats per dollar 1420.
• 9:57
  Apparently this is called the Trump pump.
• 9:59
  This is called the Trump pump. Anyways, that's block height
• 10:03
  845,392 blocks to having 204,608 having estimate March 22nd 2028
• 10:13
  Total lightning network capacity 4723 Bitcoin capacity value 332
• 10:19
  million U.S. dollars Realize monetary inflation 1.64% V
• 10:24
  market capitalization of Bitcoin currently sitting pretty at 1.39
• 10:29
  trillion U.S. dollars. Bitcoin versus gold market cap
• 10:33
  8.58%. In the grand scheme of things,
• 10:35
  we are just getting started. Anyways, the big news, the big
• 10:39
  kahuna for this weekend, really, I think the crowd went
• 10:43
  absolutely wild. Donald Trump, the Republican
• 10:47
  presidential candidate who is currently according to the
• 10:49
  betting odds, is currently slated to win the 2024 election.
• 10:53
  Anything could happen. We're still many, many months
• 10:55
  from the election. Nobody knows, but it seems like
• 10:58
  the orange man is gonna win the election, which is good for
• 11:02
  orange coin. Anyways, he was dropping some
• 11:05
  really important news in regards to Bitcoin over the weekend and
• 11:10
  also a topic that, you know, is very special to Bitcoiners,
• 11:14
  which is the idea of not the idea the Ross Ulbrich, you know,
• 11:19
  they, they literally put this guy in a box for life because he
• 11:24
  created a website. They also came up with this
• 11:27
  bogus, you know, the completely fabricated idea that he hired a
• 11:31
  hitman, but they're trying to make an example out of him.
• 11:34
  What does that sound like? That reminds me of the Samurai
• 11:37
  devs. That reminds me of the Tornado
• 11:39
  Cash devs. Like they just want to make
• 11:41
  examples of people to scare them into submission.
• 11:44
  But that never works. Like how's the war on drugs
• 11:47
  going? You know, how'd the prohibition
• 11:49
  go? It didn't work out too well, did
• 11:51
  it? Anyways, so this is what Donald
• 11:54
  Trump had to say at the Libertarian convention or
• 11:57
  conference or whatever it's called.
• 11:58
  Let's check it out. Cruz say to crush crypto, we're
• 12:02
  going to stop it. I will ensure that the future of
• 12:06
  crypto and the future of Bitcoin will be made in the USA, not
• 12:10
  driven overseas. I will support the right to self
• 12:14
  custody to the nation's 50 million crypto holders.
• 12:18
  I say this with your vote, I will keep Elizabeth Warren and
• 12:22
  her goons away from your Bitcoin and I will never allow the
• 12:27
  creation of a central bank digital currency.
• 12:34
  I mean, he said Bitcoin and crypto, right?
• 12:37
  He said Bitcoin twice. He said protect the right to
• 12:40
  self custody and no to CBDCI mean he definitely has the right
• 12:46
  person in his ear. I kind of I want to walk through
• 12:49
  the steps that I I really, you know, really believed happen,
• 12:53
  which is Biden's hostility led to Vivek making it a political
• 12:59
  talking point. Vivek told Trump, Trump admitted
• 13:03
  to this in a in a campaign speech.
• 13:06
  And now it's gone full circle with Trump being pro Bitcoin.
• 13:09
  Also shout out to David Bailey, CEO of Bitcoin magazine.
• 13:15
  He's done an incredible job. And I'm sure that a lot of the
• 13:18
  correct talking points, you know, were, were were were told
• 13:23
  to Trump's team. So shout out to that monumental
• 13:26
  effort. This is a huge deal.
• 13:28
  But I also got to say that this is a nonpartisan issue.
• 13:32
  The current administration made it one.
• 13:34
  They stirred up a hornet's nest. They pissed off a lot of people.
• 13:37
  But I got to say, I already played this video.
• 13:40
  The Overton window got fucking shattered like that, like
• 13:46
  kaboom. Anyways, so also, he didn't just
• 13:50
  say this about, he wasn't just talking about Bitcoin.
• 13:54
  He also mentioned Ross Albridge. I want to play you guys that
• 13:57
  clip as well and if you vote for me on day one I will commute the
• 14:03
  sentence of Ross Ulbricht who was sentence of time served.
• 14:15
  So I mean like Ross Ulbricht protecting self custody and
• 14:19
  TCBDCI mean bro like orange man orange coin.
• 14:25
  Here's Max Keiser with Trump in the game.
• 14:28
  Bitcoins rebellious, do it yourself mid 70s like cyberpunk
• 14:31
  era is truly done and dusted. Nation state hedge funds and
• 14:35
  sovereign wealth funds. Game theory kicks in.
• 14:38
  Price heading to $1 million. Remember, Bitcoin has no top
• 14:43
  because Fiat has no bottom. I also want to comment a little
• 14:46
  bit about this specifically. We also had Michael Saylor tweet
• 14:50
  out over the weekend that the current amount of Bitcoin held
• 14:55
  by the ETFs has reached 1 Nakamoto, which apparently is a
• 14:58
  new term, but that basically means 1,000,000 Bitcoin.
• 15:02
  That's a lot of Bitcoin, but I just want to remind everyone
• 15:05
  around 11,000,000 Bitcoin is still held by individuals.
• 15:08
  So This is why Bitcoin's grassroot creation was so
• 15:12
  important from the ground up, you know, so she didn't just
• 15:16
  e-mail Goldman Sachs and give them a special deal.
• 15:19
  It was individuals, it was people.
• 15:21
  There's people like, you know, the guy that bought the two
• 15:24
  pizzas for 10,000 Bitcoin. It was stuff like that.
• 15:27
  It was people like Ross Albrecht, right, that really got
• 15:30
  people started. Adam, you were part of like, you
• 15:32
  know, that whole Bitcoin OG man, you were from the era of 2013,
• 15:37
  you know, Canada's largest Bitcoin ATM company.
• 15:40
  So you put definitely played a role into all of this.
• 15:44
  So yeah, you know, it was it was, it was all these bitcoiners
• 15:46
  and entrepreneurs and believers and holders and that, you know,
• 15:52
  make up the lion's share of of, you know, the the lion's share
• 15:56
  of individuals holding this Bitcoin.
• 15:57
  It's not the ETF. So I just want to emphasize
• 15:59
  that. But now we're going into the
• 16:01
  next stage. And what I got to say now guys,
• 16:04
  is that for whatever reason, for whatever reason, if you use a
• 16:10
  custodial platform and you get rug pulled, you have only
• 16:14
  yourself to blame. And for whatever reason, if
• 16:16
  you're not taking self custody, you only have yourself to blame.
• 16:19
  And for whatever reason, you're selling your Bitcoin.
• 16:22
  You're selling it to Larry Fink or you're selling it to a
• 16:25
  country like it is confirmed. That's who you're selling your
• 16:28
  Bitcoin to these days. So if you don't want to put
• 16:32
  yourself in a situation where you have to explain to your
• 16:36
  grandchildren why you don't have Bitcoin and they look at that
• 16:40
  grandpapa, but why wouldn't why didn't you have Bitcoin
• 16:43
  grandpapa? And then you're like, I don't
• 16:45
  know, because I didn't use a non custodial Bitcoin platform like
• 16:49
  Bitcoin. Well, I didn't stamp my seed
• 16:51
  into titanium. That's why.
• 16:53
  And they're like, you're, you're a knife and loser grandpapa.
• 16:55
  Anyways, if you don't want to put yourself in that situation,
• 16:58
  watch simply Bitcoin take self custody, use platforms like
• 17:01
  Bitcoin. Well, stamp your seed on stamp
• 17:03
  seed take self custody or Bitcoin take a little bit of
• 17:06
  personal responsibility. It's not much.
• 17:07
  It's not much, guys. Anyways, moving on to the next
• 17:10
  tweet by David Bailey. Trump is going to pick up
• 17:12
  millions of new voters because of his Bitcoin and crypto views.
• 17:16
  Biden admin is freaking out and attempting to pivot.
• 17:20
  If they were sincere at all, they would commute Ross
• 17:22
  Albrecht's sentence tomorrow. They won't though.
• 17:25
  Tells you all you need to know. That's right, Mr. Biden, Mr.
• 17:30
  President Biden, you have the opportunity to make this a
• 17:32
  nonpartisan issue. All you got to do is commute
• 17:35
  Ross Albrecht's sentence. Will you do it?
• 17:37
  Probably not. I mean it says a lot doesn't it?
• 17:39
  Anyways, beauty on has a great point and shout out to Opti for
• 17:43
  pointing this out to me. In 2022 there were 161 million
• 17:47
  people registered to vote in the United States.
• 17:49
  Trump is going to help the 50 million crypto holders by giving
• 17:54
  him the right to use non custodial tools.
• 17:56
  Do the math. And last point, most important,
• 18:00
  in my opinion, Ross Ulbrich himself, the message from
• 18:04
  prison, by the way, he is currently locked up in, I think
• 18:08
  it's called the UDX Florence. It's a maximum security prison
• 18:13
  where they put terrorists, you know, the Boston bomber, that's
• 18:16
  where they have them, right? They they put really bad people
• 18:18
  there. And the cell is this tiny, tiny
• 18:23
  cell has this tiny little slit window that you can kind of see
• 18:27
  outside. And he's been there for 10
• 18:29
  years. Yeah.
• 18:32
  Yeah. You know, we call this the
• 18:34
  peaceful revolution, but you know, he is one of he's one of
• 18:38
  the martyrs, He's one of the people, one of the one of the
• 18:40
  casualties of this movement. How does he deserve two life
• 18:46
  sentences? No, no, I mean, when you have
• 18:50
  politicians laundering money, when the fact that no banker
• 18:54
  went to jail for 2008, the fact that they invaded a country
• 18:58
  under false pretences, right. Completely destabilize it
• 19:03
  created one of the most, you know, horrific, atrocious
• 19:06
  terrorist organizations in the world because of the power
• 19:09
  vacuum that was left. Yeah.
• 19:11
  I mean, and none of those guys faced any consequences.
• 19:15
  But a dude that created a website?
• 19:17
  Yeah. No, we, we we gotta we gotta
• 19:19
  throw away the key on that guy. And developers writing code.
• 19:22
  Nah, Nah. You guys can't do this.
• 19:24
  Anyways. This is what Ross says, and
• 19:26
  they'll pass it on to Adam. Last night, Donald Trump pledged
• 19:29
  to commute my sentence on day one if re elected.
• 19:33
  Thank you, thank you, thank you. After 11 years in prison, it is
• 19:37
  hard to express how I feel at this moment.
• 19:40
  It is thanks to your undying support that I may get a second
• 19:43
  chance. So, I mean, I understand that
• 19:48
  Orange Man is a very divisive figure.
• 19:50
  I understand that a lot of people don't like him and it's
• 19:54
  maybe because he's orange. Maybe you guys are a little bit
• 19:56
  racist. Maybe you guys don't like orange
• 19:57
  things. Maybe.
• 20:00
  But anyways, I understand and I understand his his his politics
• 20:04
  and his policies and all that. But you guys know we're single
• 20:07
  issue voters on simply Bitcoin. We don't really care about any
• 20:10
  of that stuff. We care about the separation of
• 20:12
  money in state. And when AUS president is
• 20:14
  literally telling me that he's going to protect the right to
• 20:16
  self custody and he's going to free Russ Albrecht.
• 20:20
  I mean, who do you think I'm going to vote for it, bro?
• 20:22
  Right? That's all I got to say about I
• 20:23
  don't care about the other stuff.
• 20:24
  It's it's it's irrelevant to me, right.
• 20:26
  And if you want to take like this like stance, basically
• 20:30
  saying like, oh, I don't like, is Biden saying he's going to
• 20:33
  free Ross? Is Biden saying he's going to
• 20:35
  protect self custody? Is Biden anti CBDC?
• 20:38
  No, he's pro CBDC. That's the only thing I'm
• 20:41
  looking at because I fundamentally believe that
• 20:43
  Bitcoin is going to make politics irrelevant over the
• 20:46
  long term. But we got to get to that point
• 20:49
  first. And you know how we get to that
• 20:50
  point? You free people like Ross, you
• 20:53
  free people like Julian Assange. That's right.
• 20:54
  I said it. You, you have big portions of
• 20:58
  the population taking self custody, right?
• 21:01
  That's how you get to that point.
• 21:03
  So I think we're going to get there.
• 21:04
  I think we're going to win. We still have a lot of work to
• 21:06
  do, but this is definitely, definitely a step in the right
• 21:09
  direction. Guys, there's 1000 of you guys
• 21:12
  watching lives already. So if you guys are enjoying the
• 21:14
  show, smash the like button, consider subscribing through.
• 21:16
  Feel like we provided you value. I'm gonna pass it on to Adam.
• 21:19
  Adam, this is big news. I mean, you're seeing something
• 21:22
  similar in Canada, right? With I always butcher his name.
• 21:26
  Sorry guys, I'm not Canadian. I can barely speak English.
• 21:29
  I'm a Spanish speaker. Pierre Polyvetv Oh, by the way,
• 21:38
  for anyone who doesn't know, Adam's very humble.
• 21:40
  He doesn't like to say it, but he speaks French, bro.
• 21:42
  OK, 'cause in Montreal he was taking that card out.
• 21:46
  You know, he was like, blah, blah, blah, blah, blah.
• 21:48
  I'm, I'm Mr. I don't know, Bryan Blue como sava.
• 21:54
  We, we, we. And I was like, oh, shit, bro,
• 21:55
  he speaks French. Anyways, what's your thoughts on
• 21:57
  all this, bro? It it now we're seeing a pattern
• 21:59
  on molt in different nations. Politicians are coming out and
• 22:04
  they're supporting Bitcoin, but I gotta say listen cuz I know a
• 22:07
  lot of bitcoiners are anti politician, rightly so.
• 22:10
  I think it's a testament to the power of our movement.
• 22:14
  It's a testament to the power of our industry.
• 22:17
  They need our vote. The beauty on's numbers don't
• 22:20
  lie. He's not saying this cuz he
• 22:22
  likes Bitcoin, he's saying this because he needs Bitcoin and
• 22:26
  bitcoiners to win, to get in a position of power, which is a
• 22:29
  testament to how much this is just getting started.
• 22:32
  Like holy crap, in 10 years when Adam's president of Canada and
• 22:38
  BTC sessions is the mayor of Alberta, bro that's going to be
• 22:41
  popping dude. I can't wait for that, Adam.
• 22:44
  Dude, I would not last three minutes in an office here in
• 22:47
  this political state. But you're right man.
• 22:49
  I mean once again, Bitcoin putting governments and now
• 22:53
  politicians into competition with each other.
• 22:56
  It is just like working as intended.
• 22:59
  Look at what happens when you have a non partisan thing, when
• 23:02
  you have something that actually provides freedom to people,
• 23:06
  something that actually is capable of being self custody,
• 23:08
  that the government knows they cannot rip from your claws
• 23:12
  unless they first convince you to give it to somebody else.
• 23:16
  The government knows that they're going to be in 100%
• 23:19
  competition with each other and it takes one, it takes one
• 23:24
  person, 1 politician, 1 country, one jurisdiction to say I
• 23:28
  support the right to self custody.
• 23:30
  I support Bitcoin, I support, you know, number go up by by
• 23:35
  deflationary money, not by inflationary debasement of
• 23:40
  money. And I mean, to be honest, I
• 23:42
  didn't have Trump on my bingo card to be that one.
• 23:45
  I had it more being a developing country, but he won the
• 23:48
  election. Like that was it.
• 23:49
  I don't even know why we're going to go to the polls.
• 23:50
  I don't even know why we're going to wait till November.
• 23:52
  It's done, it's over. Trump wins.
• 23:54
  Like when you talk to people about freeing a man, a non
• 23:59
  dangerous man, when you talk to people about giving them the
• 24:03
  ability to hold and control their wealth, you win.
• 24:06
  And frankly, like, you know, I'm a Canadian, I have very few dogs
• 24:10
  in this in, in this fight, but I was getting concerned.
• 24:14
  Like I was literally worried and, and actually thinking about
• 24:19
  what a another Biden administration meant for
• 24:23
  Bitcoin. Well, in the USA as a self
• 24:25
  custody platform, there's no way to hold Bitcoin on Bitcoin.
• 24:28
  Well, like we're not going to pivot from that.
• 24:31
  And it was scary. And hearing that was a huge
• 24:34
  breath of fresh air. Hearing that was an incredible
• 24:37
  relief to hear that there is a chance at least that the last
• 24:42
  few months were massive warning sides.
• 24:45
  You know, honestly, you think about how everything kind of
• 24:48
  works out and has worked for the last 10-15 years.
• 24:51
  If Trump is still in office, I don't think this happens.
• 24:55
  You know, and like whether or not well, depending on what side
• 24:58
  of the aisle you fall on, if if the election was rigged last
• 25:00
  last cycle or not, if it was like once again, the left shoot
• 25:05
  themselves in the foot. The left suffer from a cobra
• 25:09
  effect of not seeing what the what the freedom fighters will
• 25:14
  do and the decentralization of power that Bitcoin provides is
• 25:19
  it's next level. And yeah, man, it is
• 25:22
  encouraging. It is enlightening.
• 25:23
  I feel a little bit like like like like Opti here, you know,
• 25:26
  just like spitting good vibes. But I think it's good.
• 25:29
  I do think though, and people in the chat are correct, like be
• 25:32
  weary of politicians because the second like, you know, we're in
• 25:35
  a bull market and I saw someone tweet, I think it might have
• 25:38
  been you boys tweeted like, thank goodness Satoshi planned
• 25:41
  the havings on election years or something like that.
• 25:44
  That's like, yeah, pretty lucky to have number go up happening
• 25:50
  during election cycles because it's it's sexy for politicians.
• 25:54
  Write about it. We watched Pierre Polyes
• 25:56
  completely pivot away from Bitcoin when the price fell.
• 26:01
  Hopefully though, if we get a Canada and AUS like the
• 26:05
  elections are, you know, going to be in similar time frames and
• 26:07
  we get both kind of like right wing leaders talking about
• 26:11
  Bitcoin, talking about self custody, denouncing CBD, CS
• 26:15
  Overton window moving and people that were once were like CBDC.
• 26:20
  Who cares? Whatever are going to be like,
• 26:21
  well, why doesn't half the country like this?
• 26:25
  How come this is a problem? How come politicians are being
• 26:28
  out against this and that's a massive win.
• 26:30
  So a vote for freedom, a vote for, you know, Ross, I am, you
• 26:36
  know, I it, it disgusts me that Ross is in prison.
• 26:40
  If you haven't read the book, it's called American Kingpin.
• 26:42
  I think it's dynamite tells the whole story really, really well.
• 26:45
  It's a tragedy, you know, it's not even an autobiography.
• 26:49
  It's just a tragedy. It's it's it's not really an
• 26:51
  autobiography, I suppose, but it's yeah, it's fantastic and
• 26:55
  free Ross, vote for freedom, Bitcoin and self custody.
• 26:58
  Like Trump's just sounding like a simply Bitcoin podcast here.
• 27:02
  I mean, I mean, it's, I just got to say I, I you, you said one of
• 27:07
  my favorite words. I think I heard you say over to
• 27:10
  another. Now that's good production.
• 27:19
  Yeah, man, I can't believe a rock can cause that much fire
• 27:21
  just on impact. That's pretty.
• 27:22
  Sweet. But bro, it is.
• 27:25
  It's chattered man. Like like, well, I would say
• 27:28
  still CBDCS and the concept of CBDCS are kind of where Bitcoin
• 27:33
  was in like 2015, 2016. Like, you know, when I was
• 27:36
  sitting on an airplane in 2015, people were like, what do you do
• 27:38
  for work? I'm like, oh, I buy and sell
• 27:39
  Bitcoin. They're like, what's Bitcoin?
• 27:41
  And half of them are like, oh, that's a scam.
• 27:43
  And, and now we're seeing it's like, you know, people hear
• 27:45
  about CBDCS. They don't even know what it
• 27:47
  stands for. They don't know what it means.
• 27:49
  They don't know the impact or the implications it'll have on
• 27:51
  their lives and their and their grandchildren's lives.
• 27:54
  And it's it's encouraging to hear him call Elizabeth Warren a
• 27:58
  goon and then, you know, Bitcoin or CBD CS in the in the in the
• 28:03
  same breath. Like you love to hear it, man,
• 28:05
  You love to hear it. Absolutely 100% good points.
• 28:10
  Now opti up to you bro. And remember, if you say Overton
• 28:13
  window, something happens. I'm not gonna say that's your
• 28:16
  shtick, but yeah, kind of echoing what everyone in the
• 28:22
  chat saying and Adam touches as well.
• 28:23
  Like of course politicians will say anything to get elected and
• 28:28
  don't listen to what they say. Watch what they do.
• 28:31
  The same memes. But guys like this is how it
• 28:33
  works. Of course we will have to see
• 28:36
  some follow through, but the math is simple have to appease
• 28:40
  bitcoiners like the beauty on tweet 161 million eligible
• 28:44
  voters in 2020, two 50 million Bitcoin or slash crypto holders.
• 28:49
  It's like it's very simple math and I remember saying this last
• 28:53
  year and I'm I keep blanking on what the actual topic was, but
• 28:57
  it came out that if you piss off bitcoiners, you're basically
• 29:01
  alienating a huge voting bloc. And if you appease them, then of
• 29:04
  course they're going to vote you in.
• 29:06
  And so as much as we say all the time that in the long run,
• 29:10
  Bitcoin will obsolete politics and then they're irrelevant to
• 29:14
  what we're doing here in the short term, it's kind of
• 29:17
  something that we've been talking about here on the show
• 29:19
  for a long time. Like it's very good to see
• 29:21
  politicians starting to wake up to the idea that they can't piss
• 29:24
  off Bitcoin slash crypto voters or, you know, the the very huge
• 29:28
  population of us that are holding Bitcoin, understand that
• 29:31
  you can't just piss us off and and try to trample on our
• 29:34
  liberties and expect to get reelected.
• 29:36
  Like this is how elections work. And of course, you know, I'm, I,
• 29:39
  I'm not going to go down the rabbit hole of what I fully
• 29:42
  think about voting in the 1st place.
• 29:44
  You guys know me. You vote with your money and
• 29:46
  your pocket or your feet and your money.
• 29:47
  This is a very simple here. But again, kudos to Trump for
• 29:51
  even going to the libertarian conference.
• 29:53
  Like going into the lion's den and realizing that there is a
• 29:57
  huge overlap between libertarians and, and
• 29:59
  conservatives. And like, he's doing a good job
• 30:02
  as far as I'm concerned, of, of, of showing and exposing that,
• 30:05
  hey, we're better off working together than fighting each
• 30:09
  other. And it's really putting the ball
• 30:12
  in the Biden administration's court now and seeing how he's
• 30:16
  going to react to this. Because, again, the math is
• 30:18
  simple. 161 million eligible voters in 2020.
• 30:22
  Two 50 million Bitcoin holders and if you piss off Bitcoiners,
• 30:27
  you're not going to get reelected.
• 30:28
  And it's very simple Nikos, the one issue voter.
• 30:30
  I'm like more of a hey, I built with my pocketbook, but we are
• 30:34
  all aligned on the same thing. Having the government fight you
• 30:38
  is not a good thing for Bitcoiners unless you're the
• 30:41
  accelerationist camp out there. They're like, let's just get
• 30:43
  this fight over with and and just prove once and for all that
• 30:45
  they can't stop Bitcoin. But I do want to say shout out
• 30:49
  to the script writer out there, the writing Trump script because
• 30:52
  they're doing a great job. And on that point, I will have
• 30:56
  to give David Bailey. That's net.
• 30:58
  Yeah, exactly. I was just going to say.
• 30:59
  And on that point, I will have to give David Bailey and the
• 31:02
  Bitcoin Mag team a a hat nod because, you know, influencing
• 31:06
  politicians is obviously actually a good thing.
• 31:08
  And of course we got to see their follow through and all
• 31:10
  that good stuff. But hey, I love the I love the
• 31:14
  scriptwriter. You that guy should get a raise.
• 31:16
  Like, you know, again, of course, doubling down like
• 31:19
  Bitcoin does supersede politics in the long term, but in the
• 31:23
  short term, it's good to get them on our side.
• 31:25
  And on that note, you know, hashtag free Ross A. 100% Go
• 31:28
  ahead, Adam. What is mainstream media saying
• 31:30
  about this to you? Like is this?
• 31:31
  Is this thing? Nothing.
• 31:33
  Nothing. We're in a big bubble, right?
• 31:34
  Like we see it, it's got like millions of views on on on on X
• 31:38
  and YouTube and stuff. Is there anything coming out if
• 31:40
  you? Search Trump on YouTube
• 31:43
  Libertarian. It will not show up on the
• 31:45
  search results. Dang dude that's so crazy.
• 31:49
  Yeah, it's, it's absolutely nuts, dude.
• 31:52
  It's absolutely crazy, by the way, guys.
• 31:54
  All about platforms, man. Yeah, man, that's bro, that's
• 31:57
  why I'm so bullish on Noster, dude.
• 31:58
  Like the more they crack down, just that incentivizes people
• 32:02
  to, you know, to go to alternative platform,
• 32:05
  alternative protocols, right? Rather than than platforms cause
• 32:09
  platforms have the centralization.
• 32:11
  Anyways, guys, we had 376 viewers on YouTube alone.
• 32:15
  We almost, we will almost break 400, which would be great if you
• 32:19
  guys are enjoying the show. Smash the like button really,
• 32:21
  really helps with the outgoes. Before we move on to the next
• 32:24
  block, I do want to give an extremely special shout out to
• 32:27
  our sponsor. Of course, I'm talking about the
• 32:29
  pleb party in Nashville. Adam, you're going to be in
• 32:33
  Nashville. You want to come to the pleb
• 32:34
  party? I'll be there bro, let's hit it.
• 32:37
  Boom. All right guys, So what is the
• 32:39
  Pleb Party? It's a 12 hour open bar from
• 32:41
  noon to midnight in Nashville the day before the biggest
• 32:44
  Bitcoin conference on planet Earth, July 25th.
• 32:49
  So if you want to be if, if you want to be at the place to be
• 32:53
  and you're not going to be able to get tickets at the door, you
• 32:55
  definitely want to go to the pleb party.
• 32:58
  The one in Miami was absolutely bonkers.
• 33:00
  Michael Saylor ended up making an appearance.
• 33:02
  Confirmed attendees include Larry Leopard press and pitch,
• 33:05
  the entire simply Bitcoin crew, James Lavish, Robert Breedlove,
• 33:09
  Mark Moss, puppy Tatum Turn up and now Adam O'Brien.
• 33:13
  It's going to be hosted at an amazing venue, a rustic
• 33:16
  automobile factory, get this from 1910, so before the Federal
• 33:20
  Reserve was established. So it's probably an actual real
• 33:23
  building, has brick walls and tons of proof of work
• 33:26
  atmosphere. Over 1000 Bitcoin plebs are
• 33:29
  expected to attend. You definitely don't want to
• 33:31
  miss the the party. It's one of the best parties in
• 33:34
  Bitcoin. So scan the QR code or check the
• 33:37
  link in the video description. All right, everybody, let's hit
• 33:40
  the news lots to talk about the Daily News.
• 33:47
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• 33:51
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  more. Grand Papa, why don't we have
• 34:45
  any Bitcoin? Well, it's because we didn't get
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  a passport hardware wallet and took self custody of a Bitcoin.
• 34:51
  Guys, get the passport. You can pair it up with the
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  Envoy app. It makes spending or using cold
• 34:56
  storage Bitcoin incredibly easy. You could scan the QR code or
• 34:59
  you could check the link in the video description and it will
• 35:01
  take you directly to the Passport by Foundation Devices
• 35:05
  website where you can just get yourself a hardware wallet.
• 35:08
  It's probably a good idea or your grandchildren will hate
• 35:10
  you. I'm just kidding.
• 35:11
  Kind of. Maybe not kidding.
• 35:13
  Kind of kidding. I don't know, kind of kidding.
• 35:16
  Anyways, your grandkids. Will for sure hate you if you
• 35:18
  don't have full storage. Where's the hook?
• 35:21
  Where's the hook? Mika's dad jokes are getting
• 35:23
  worse. Get get to the news.
• 35:25
  All right, everybody, Opti's got to do the jokes from now on.
• 35:29
  All right, so this is a pattern and patterns are very important
• 35:36
  because I think news in itself while tons of people are
• 35:38
  scanning the QR code. So love you guys anyways, So is
• 35:45
  pattern, patterns are important because if you just see news in
• 35:49
  itself, if you only have one single data point, it it's like
• 35:52
  it's, it's a non, it's like it doesn't mean anything, right?
• 35:58
  But you're starting to see something, you're starting to
• 36:01
  see actual governments, states with excess energy utilizing
• 36:09
  that excess energy to turn it into Bitcoin.
• 36:13
  One of the narratives that you see from jurisdictions that are
• 36:17
  hostile to Bitcoin, like the one I'm not, I hate talking shit
• 36:20
  about my country, but I'm going to do it anywhere.
• 36:22
  My, it's really, America is my country, but the, the, the
• 36:25
  country of my ancestors, Venezuela.
• 36:28
  Venezuelan government says if you're going to ban Bitcoin,
• 36:30
  it's destroying the, the grid and all that stuff.
• 36:33
  No, no, no, no. Listen, you can't just set up a
• 36:37
  Bitcoin mine in the middle of Manhattan.
• 36:39
  Doesn't work. It's not going to be economical.
• 36:41
  You need to move Bitcoin miners to where the electricity's
• 36:44
  cheap, you know, where the electricity's cheap, where it's
• 36:47
  way too far from anything to be used.
• 36:51
  Excess stranded energy. That's the whole point.
• 36:54
  Bitcoin miners kind of go in there and they use it up that it
• 36:58
  gives that energy value that that energy would already go to
• 37:01
  waste. And you can actually even make
• 37:03
  an argument that it stabilizes grids, right?
• 37:06
  Because grid operators kind of have to play this little bit of
• 37:09
  a guessing game. And they OK, you know, this is
• 37:13
  gonna be the demand depending on the type of the depending on the
• 37:18
  time of the day, usually, you know, in the middle of the day,
• 37:21
  the demand's a little bit lower. Usually at night, it's a little
• 37:23
  bit higher. If it's in the summer, it's a
• 37:25
  little bit higher, right? You know, if it's, it's if it's
• 37:28
  in the winter and you got a power heaters.
• 37:30
  But because of Bitcoin miners, it kind of provides the
• 37:33
  stability because there's always kind of like this buyer of last
• 37:37
  resort, right? So it provides grids with
• 37:40
  stability. You could also make the case
• 37:42
  that it makes quote, UN quote, sustainable energies possible,
• 37:47
  economically possible without government subsidies.
• 37:50
  You could also make that argument.
• 37:52
  I would say Bitcoin mining is very good for energy and it's
• 37:56
  very good for the energy markets and renewable.
• 37:59
  And I hate that word, but I'm going to say it renewable
• 38:02
  energy, you know, development. So here's the first data point.
• 38:07
  I love the Forbes article. Holy cow, the QR codes are going
• 38:10
  crazy seeing this Opti. Anyways, so the Forbes article
• 38:16
  was the Kingdom of Bhutan has been secretly mining Bitcoin,
• 38:21
  right? So.
• 38:21
  But this is the official press release that we've never read
• 38:24
  for you guys, so I want to read it anyway.
• 38:26
  It says Bitdeer's Bitcoin mining triples in September driven by
• 38:31
  new Bhutan data center. Bitdeer Technologies Group, A
• 38:35
  Singapore based company, has reported a significant tripling
• 38:39
  in Bitcoin mining for the month of September 2023.
• 38:42
  The company's Gidu Mining data center in Bhutan was instrument
• 38:46
  instrumental in this surge, accounting for 45% of the
• 38:50
  increase. So they literally just like
• 38:54
  tripled, I believe the amount of capacity in Bhutan.
• 38:58
  I think they started with like it was like $100 million
• 39:00
  investment. Then they end up with like I
• 39:02
  think it was like 600. It's something crazy.
• 39:04
  Anyways, Kingdom of Bhutan, one data point, second data point,
• 39:08
  El Salvador, of course, we love Bitcoin country.
• 39:12
  Here's a Reuters article. El Salvador mined nearly 474
• 39:16
  Bitcoin, adding to state crypto holding in last three years.
• 39:20
  That's data point #2 now we have three data points, 3 separate
• 39:26
  countries in three separate continents, South America, I
• 39:33
  mean, Central America. So I guess that's part of North
• 39:35
  America, maybe. So, yeah.
• 39:37
  So North America, Africa and Asia, right?
• 39:42
  So interesting. Three separate continents, 3
• 39:47
  separate continents where governments are doing the same
• 39:50
  thing. I think that trend's gonna
• 39:52
  probably continue. And why is that happening?
• 39:55
  Because of bitcoins. Beautiful, beautiful, beautiful
• 39:58
  incentives. Here are the incentives at play.
• 40:02
  The Bitcoin hash rate just going completely parabolic.
• 40:04
  I'll Add all the other shit coins on here just to kind of
• 40:07
  give you guys. This comparison is absolutely
• 40:10
  laughable. You can't even say you see these
• 40:12
  little lines down here. They're like going sideways.
• 40:16
  That's like the hash rate of all the other ones.
• 40:18
  You see this massive drop in between 2021 and 2022?
• 40:23
  That was the CCP mining Bitcoin miners right?
• 40:27
  It's like 60% of the hash rate was located.
• 40:29
  Banning banning Bitcoin miners. What did I say?
• 40:31
  Mining Bitcoin? Oh, I apologize.
• 40:34
  Thank you. Opti.
• 40:35
  This is the CCP banning Bitcoin miners.
• 40:38
  The hash rate dropped by 50%. It took the price down with it.
• 40:40
  I believe they attacked the price, but that's maybe my
• 40:43
  conspiracy theory. I I still think it's true
• 40:45
  though, and the hash rate dropped like 50% and within nine
• 40:49
  months not only did the price recover, but also the hash rate
• 40:53
  covered in a completely decentralized fashion without
• 40:56
  any central authority telling those miners to plug themselves
• 40:59
  back in. It was just Bitcoin's
• 41:01
  incentives. So you want to know why Bhutan
• 41:03
  is mining Bitcoin? It's not because you know they
• 41:07
  like Bitcoin. You want to know why orange man
• 41:09
  is asking for bitcoiners votes? It's not because I don't think
• 41:11
  he likes Bitcoin. I don't even think he fully
• 41:13
  understands what Bitcoin is. It's because of incentives in
• 41:16
  the game theory. You want to know why Bel
• 41:17
  Salvador is mining Bitcoin because of incentives.
• 41:20
  And you want to know why Kenya just signed up to this, which is
• 41:24
  today's news and shout out to Nick.
• 41:26
  I see you Nick, the legendary zoomer over a Bitcoin mag.
• 41:32
  This is why Bitcoin's incentives anyways, the headline for audio
• 41:35
  listeners is Kenya partners with marathon to monetize under used
• 41:39
  energy by mining. It goes on to say Kenya has
• 41:42
  signed a deal with Bitcoin miner Marathon Digital Holdings to
• 41:45
  monetize the country's underutilized energy resources.
• 41:49
  This partnership, announced by Marathon CEO Fred Teal on X,
• 41:53
  marks a significant step towards leveraging Kenya's surplus
• 41:57
  energy for Bitcoin mining and technological development.
• 42:00
  Here's the actual the Memorandum of Understanding between the
• 42:04
  Ministry of Energy and Petroleum of the Republic of Kenya and
• 42:07
  Marathon Digital Holdings Incorporated.
• 42:09
  Now you have two public companies that are partnering
• 42:12
  with governments to mine Bitcoin.
• 42:14
  And you know what happens when they mine Bitcoin?
• 42:16
  They make the Bitcoin Bitcoin network technically more secured
• 42:20
  and more secure. The higher the hash rate, the
• 42:22
  higher, the harder it becomes to computationally attack, the
• 42:25
  higher the value proposition. Everyone wins.
• 42:28
  It's crazy what happens in an aligned incentive structure
• 42:30
  model, right? It's so nuts.
• 42:32
  Anyways, it's probably a good idea to get some just in case
• 42:34
  the catches on. Anyways, Kenya has a special
• 42:36
  spot in the history of digital currencies and it is the home of
• 42:39
  M Pesa, which in 2007 was one of the first ways for people in
• 42:43
  Kenya and now across Africa to transmit value digitally by
• 42:46
  using mobile phones. Today, 10s of millions of people
• 42:49
  across Africa use M pesa for branchless money transfers.
• 42:53
  Marathon is proud to play a part in the next phase.
• 42:57
  Here is kind of the not kinda. Here are the signatures between
• 43:00
  the prime candidate secretary and Cabinet Secretary for
• 43:04
  Foreign, Foreign and Foreign Affairs.
• 43:07
  And here's, you know, Fred Teal, it goes on to say earlier this
• 43:11
  month, Kenya Marathon Digital Holdings initiated their
• 43:14
  partnership with President William Rutu confirming that
• 43:17
  Marathon is in in consultations with Kenya's National Treasury
• 43:21
  and Ministry of Energy regarding the mining operations.
• 43:24
  This collaboration aims to harness Kenya's abundant
• 43:26
  underutilize energy and monetize it via vining be a mining.
• 43:30
  Kenya's geothermal energy capacity is substantial, with
• 43:33
  the country being one of the leading producers of geothermal
• 43:36
  power in Africa. Despite this, a significant
• 43:39
  portion of this energy remains untapped.
• 43:41
  Keyword here, right? Untapped XS energy.
• 43:46
  Geothermal also is what miners in Iceland are using.
• 43:50
  What miners in El Salvador are using as well.
• 43:53
  By partnering with Marathon Digital Holdings, Kenya seeks to
• 43:56
  turn this surplus into a valuable resource, generating
• 44:00
  additional revenue and promoting energy efficiency.
• 44:02
  The deal involves not only the use of untapped energy for
• 44:05
  mining, but also the joint development of technology
• 44:08
  projects that can benefit the countries infrastructure and
• 44:11
  technological landscape. President Rutu emphasized the
• 44:15
  potential benefits of their partnership earlier this May,
• 44:17
  stating that Kenya means business.
• 44:19
  By effectively utilizing excess energy, keyword excess energy,
• 44:24
  Kenya can boost its economy, create jobs, and position itself
• 44:27
  as a leader in sustainable energy and technology.
• 44:30
  Wow, it's almost as if Bitcoin is helping this, you know,
• 44:35
  country in Africa. But I thought that according to
• 44:38
  the New York Times, this is impossible.
• 44:40
  It just boils the oceans and it's bad for everything.
• 44:42
  It just destroys the planet. It's almost as if it's doing the
• 44:45
  exact opposite. Quote.
• 44:47
  Marathon Digital has been ushered to consult with the
• 44:49
  National Treasury in Kenya on our cryptocurrency mining regime
• 44:53
  and to the Ministry of Energy to discuss its energy needs in
• 44:56
  connection with cryptocurrency mining here in Kenya.
• 44:59
  Also, when they say cryptocurrency mining, like the
• 45:01
  vast majority now that Ethereum migrated to proof of stake, it's
• 45:05
  big, it's Bitcoin. The proof of work mining is like
• 45:08
  98 or 99% Bitcoin at this point. So when they say that it really
• 45:12
  mean Bitcoin anyways, so big news and again, the signal out
• 45:17
  of all this guys, like if you just saw this news coming out of
• 45:19
  Kenya, I would say maybe it's noise, but the signal here is
• 45:23
  that now you have three separate data points and they all
• 45:26
  indicate a pattern. You're seeing a pattern now,
• 45:28
  which is nation states are actively mining Bitcoin.
• 45:34
  That's a big effing deal in my opinion.
• 45:36
  And I think that's a trend that's not going to stop.
• 45:38
  And it's not going to stop because Bitcoins incentives are
• 45:41
  superior to anything else. And that's exactly why Augustine
• 45:45
  Carson's button is about to explode because he just can't
• 45:49
  handle it anymore. It's going to probably do
• 45:51
  something like this anyways. I'm going to pass it on to Opti,
• 45:57
  who's shaking his head. Opti was good bro.
• 46:01
  I'm shaking my head out. Just the bad down.
• 46:03
  YouTube, YouTube. YouTube.
• 46:04
  That was a metaphor, metaphorically speaking.
• 46:07
  Metaphorically speaking. I'm going to pull up the picture
• 46:10
  while Opti does his bit. OK, All right, well, you know
• 46:14
  me, guys. I am a pattern respecter and the
• 46:18
  facts are the facts. Bitcoin mining is actually good
• 46:21
  for energy grids and the future of the planet, like full stop.
• 46:24
  And we're starting to see this play out.
• 46:26
  And you just love to see that the game theory is going exactly
• 46:29
  as it's been foreseen. And I'm glad that more countries
• 46:33
  and more companies are finally putting this into action.
• 46:35
  So it's not just a few sparse examples of this happening.
• 46:39
  And now it's it's starting to become, you know, it was a spark
• 46:42
  and now it's going to soon become a wildfire.
• 46:44
  And you just love to see it. Now everyone has to catch up
• 46:48
  because I've been saying for a while now that once every any
• 46:50
  energy provider realizes this exact playbook, it's over for
• 46:55
  the Petro dollar. Obviously that's a a long time
• 46:58
  away. But once Bitcoin is completely
• 47:01
  pegged into energy 100%, you know, once we get the Petro SAT
• 47:06
  is when things are really, really, really unstoppable.
• 47:08
  And I, I think we're going to be seeing this happen very quickly
• 47:11
  in the next 5 to 10 years. And you just love to see it,
• 47:14
  love to see that Kenya is way ahead of the curve.
• 47:16
  It's very interesting how third world countries seem to pick up
• 47:18
  on Bitcoin and the improvements and the incentives of Bitcoin,
• 47:22
  then the big first world companies.
• 47:24
  I wonder why our first world countries.
• 47:25
  I wonder why that is. And then also look very
• 47:29
  interesting. Like I said, the game theory is
• 47:31
  playing out exactly as foreseen. And I never got into the Jason
• 47:35
  Lowry software thesis, but I think this software thesis is
• 47:39
  playing out in real time. And now the first world
• 47:41
  countries need to catch up or else they're going to get left
• 47:44
  behind. And man, just love to see it.
• 47:46
  Just love to see more energy companies start to tap into the
• 47:49
  Bitcoin mining ecosystem. And I think this is going to
• 47:52
  catch on very quickly. It's because we all have the
• 47:54
  same problem, guys. We need something to store our
• 47:57
  value in. You know, you can't store in
• 47:59
  dollars. No one wants U.S. government
• 48:01
  debt. So they're all looking for a
• 48:04
  solution, and of course it's simply Bitcoin.
• 48:06
  But hey, what do I know, I'm a biased bitcoiner.
• 48:09
  You sound like an. Extreme.
• 48:11
  Yeah, I'm an extremist. Adam O'Brien, what are your
• 48:15
  thoughts on this brother? Yo man, Bitcoin is a battery for
• 48:18
  human beings. We work so hard all day long.
• 48:22
  We have to store that hard work and that energy somewhere.
• 48:25
  And thank goodness we have this very simple yet incredibly
• 48:29
  complex protocol in Bitcoin. I've been saying this for like
• 48:34
  probably two, maybe three years now, where Bitcoin miners of the
• 48:38
  future are just energy companies and energy companies right now
• 48:42
  have this decision to make. Are they going to be Netflix or
• 48:44
  are they going to be Blockbuster?
• 48:46
  And there's going to be a few that are Blockbuster and and
• 48:48
  that's fine. They don't deserve to continue
• 48:50
  on. But the few that become Netflix,
• 48:53
  the few that actually survived this incredible.
• 48:55
  This is the biggest generator. This is the biggest transition
• 48:58
  of the energy industry since energy was just invented.
• 49:01
  Like there's been no better transition of energy since or,
• 49:06
  and there never will be. This is like this is number one,
• 49:09
  and I think it's going to be very interesting to, to watch
• 49:12
  these energy companies rush and scramble and compete, not to
• 49:16
  build infrastructure, not to, you know, dig holes everywhere
• 49:21
  and, and, and try to try to run pipelines and get a bunch of
• 49:24
  government approvals and, and, and chat, you know, here in here
• 49:26
  in Canada, I'm sure it's the same in the US.
• 49:28
  You got to like consult 100 different groups of, of people.
• 49:33
  You have to do all the, you know, all the bureaucratic not
• 49:36
  done all that is over. You have to rush to become a
• 49:39
  Bitcoin miner and that is so bullish on the future of the
• 49:44
  world, on the future of the industry, but on the future of
• 49:47
  energy because finally we're going to have some competition
• 49:50
  for energy. There's no competition for
• 49:52
  energy. We've done such an incredible
• 49:54
  job, incredible job of pigeonholing energy into
• 49:58
  monopoly across the world because there's like, it's just
• 50:01
  infrastructure reliant energy and moving energy around is so
• 50:04
  heavily reliant on infrastructure.
• 50:06
  Bitcoin blows that up. It allows you to send energy
• 50:09
  across the world, which is shocking.
• 50:12
  Here in Alberta, I drive by every single day.
• 50:16
  Flares. I drive because the byproduct of
• 50:18
  of pulling oil is natural gas. Natural gas is difficult to move
• 50:22
  because it's so abundant and so cheap.
• 50:24
  We literally, literally here in Alberta and Opti, I guarantee it
• 50:28
  in Texas, light it on fire. We literally light the byproduct
• 50:32
  of pulling oil out of the earth on fire, throw it up into the
• 50:36
  sky. And that right now that is so
• 50:39
  detrimental because it can be Bitcoin.
• 50:41
  Every time I pass, I pass by a flare stack.
• 50:43
  I'm like, yo, that guy is lighting Bitcoin on fire because
• 50:46
  natural gas now turns into Bitcoin and it is so bullish and
• 50:50
  more and more and more people are realizing this.
• 50:52
  There's incredible companies. Upstream is like a good Alberta
• 50:56
  Corp. They've been putting C cans of
• 50:59
  generators and minors onto flare stacks for I think since 2018 or
• 51:03
  2019, maybe even earlier. It's absolutely the future of
• 51:08
  the energy industry. Petro Dollar, see you later,
• 51:10
  Petrosat. What's good?
• 51:12
  And yeah, super, super stoked on that.
• 51:15
  I think it's I think it's great. And also, if you see flare
• 51:18
  stacks, you should like, I encourage everyone to just like
• 51:22
  drive up there. There's a sticker on the flare
• 51:24
  stack that says like owned and operated by, you know, whatever
• 51:27
  the company is, call that company and just tell them, Hey,
• 51:31
  can I buy your flare gas And they will give it to you for
• 51:36
  free or cheap, Very, very, very low and mine some Bitcoin, get a
• 51:39
  little KYC free stack. You know, it just like throw a
• 51:44
  couple Gen. sets and a couple miners on top of the natural gas
• 51:47
  and, and voila. I think it's so good.
• 51:50
  We've got an opportunity here and it's it's going to be
• 51:52
  massive. Absolutely.
• 51:54
  And it's gonna fundamentally change the world.
• 51:56
  And you know, these countries like the Kingdom of Bhutan, you
• 51:59
  know, El Salvador, Kenya, like these aren't, you know, you
• 52:03
  these aren't very high income countries.
• 52:05
  These aren't very, very wealthy countries.
• 52:06
  And but they all have something in common.
• 52:08
  They have a tremendous amount of excess energy.
• 52:11
  In the case of Bhutan, it's hydro.
• 52:14
  In the case of El Salvador in Kenya, it's geothermal, right.
• 52:17
  And the thing about energy is you can't, like you can't really
• 52:22
  store it effectively, right? It like the, the, the example I
• 52:25
  always give is you leave your iPhone unplugged, right?
• 52:28
  Even if it's at 100%, you wake up the next day, it's like 99%.
• 52:31
  Batteries aren't good. Like they lose, they lose a
• 52:34
  little bit of charge over time. And if you transport electricity
• 52:39
  over long distances, it's the same thing.
• 52:40
  You lose a a bit of efficiency you so you kind of have to use
• 52:43
  it on the spot. So you can't really transport
• 52:46
  this thing or or store electricity effectively.
• 52:50
  So you kind of have to use it when you create it when I don't
• 52:53
  know if that's the correct term, right?
• 52:55
  And that's where Bitcoin miners come 'cause they can go
• 52:56
  anywhere, right? You can literally have a a, a, a
• 52:59
  Bitcoin mine in the middle of the Serengeti and set up like,
• 53:03
  you know, the Starlink and you're good to go.
• 53:05
  You know I. Saw this in real time.
• 53:07
  I traveled to Panahachal with Julian and we went to, This is
• 53:12
  in a Guatemala City, tiny little city, they call it now Bitcoin
• 53:16
  Lake. And there's like the local
• 53:19
  Bitcoin guy there is called Eliazar.
• 53:21
  And he's got this Bitcoin miner tucked away in like the back of
• 53:25
  some like kind of automobile repair yard.
• 53:29
  And he's like, come on, I'll show you Kaboom.
• 53:31
  And I was like, what do you mean kaboom?
• 53:33
  He's like, just watch. You'll see.
• 53:34
  So Eliazar goes around to the restaurants, gathers their used
• 53:38
  cooking oil, comes back to kaboom, dumps the used cooking
• 53:43
  oil into a diesel generator, and then like rips this old Gen. set
• 53:49
  and it like makes the most obnoxious kaboom noise.
• 53:53
  And the miner fires up. And I think the miner, he's got
• 53:57
  2 miners there and they have enough hash rate to generate
• 54:00
  like half of a, of an average Guatemalan salary just from
• 54:04
  walking around and collecting used cooking oil and throwing it
• 54:08
  into the generator. Like it is so incredible.
• 54:11
  And by the way, all that cooking oil used to go into the lake and
• 54:15
  it made the lake inhabitable. The restaurants used to just
• 54:18
  dump the lake or dump the cooking oil out their back door,
• 54:20
  used to just like travel down the streets and like, you know,
• 54:22
  make the lake very bad. And so I think the more that you
• 54:27
  investigate, like, you know, when you hear about something, a
• 54:29
  concept and then you investigate and it's one of two things.
• 54:32
  It's either way better or it's way worse.
• 54:35
  And most things the government sells us, it ends up being way
• 54:38
  worse. But with Bitcoin, the more and
• 54:41
  more that you investigate and the more that you run the
• 54:43
  example out to the extreme, it just gets way better.
• 54:46
  It just gets, it always gets way better.
• 54:48
  And that's because of what you're saying.
• 54:50
  The, the incentives are so aligned, the opportunity to not
• 54:54
  only like profit, but just benefit.
• 54:57
  And I think benefit is above profit because there's no
• 55:01
  losers. Everyone benefits.
• 55:03
  And when Eliezar does the hard work of, you know, collecting
• 55:08
  cooking oil and then dumping it into the generator and then
• 55:10
  mining the Bitcoin, the entire community is benefiting from
• 55:15
  having less rotten oil in the streets.
• 55:18
  And Eliezar is benefiting from having the Bitcoin come in to to
• 55:24
  his his wallet. And it's like, wow, like how
• 55:27
  good is that compared to everybody pays a carbon tax,
• 55:32
  everybody pays more for things and they all pay some like fee
• 55:36
  to the government as if the government has some control over
• 55:38
  climate. Like it's like it's, it's just
• 55:41
  the most aligned way to decentralize the good things.
• 55:46
  And lo and behold, Bitcoin once again giving us that incentive
• 55:51
  system. So yeah, it's super cool, man.
• 55:52
  I'm super bullish on, you know, that's that's so good.
• 55:55
  And then also, and this is kind of where I'll maybe jump off the
• 55:59
  like, I'm very bullish on the future of, of mining, but I
• 56:03
  think in retail, like we've got such an opportunity every, it is
• 56:06
  so offensive to me that we burn natural gas and do not receive
• 56:10
  Bitcoin because of how easy it is to receive Bitcoin as that
• 56:13
  middleman. The byproduct of burning gas is
• 56:18
  heat, but now the byproduct of burning gas is Bitcoin and the
• 56:23
  byproduct of mining Bitcoin is heat.
• 56:24
  So when you put Bitcoin in the middle, everything gets cheaper
• 56:28
  and everything gets better on a sound money standard.
• 56:30
  So it's just, ah, you, you love to see it.
• 56:32
  You love to see it. It it, it almost sounds like
• 56:35
  we're winning. You know, it almost sounds like
• 56:37
  Bitcoin makes the world a better.
• 56:38
  Way it almost sounds like Bitcoin fixes this.
• 56:40
  Whoa, haven't heard that hashtag in a while.
• 56:44
  Very very shooting a show anyways guys, while Adam was
• 56:47
  talking, we broke 400 live viewers on YouTube. 1500 live
• 56:52
  viewers in total about 30 of you guys watching us on rubble.
• 56:55
  So if you guys are enjoying the show, smash the like button
• 56:57
  consider subscribing if you feel like we've provided reality, but
• 56:59
  guys, we still have the culture segment so strap in anyways.
• 57:03
  Before we get to it. I do give a very special shout
• 57:05
  out to our sponsor, the orange pull app stack friends who
• 57:08
  stacks at find local bitcoiners and events and merchants near
• 57:12
  you join the 10,485 bitcoiners that are currently on the app.
• 57:16
  They are the Bitcoin social layer.
• 57:18
  It's probably a good idea to build up that Bitcoin Rolodex
• 57:21
  because I truly believe bit corners are going to be some of
• 57:23
  the most influential, powerful people in the next 5 to 10
• 57:26
  years. It's a very clever geographical
• 57:28
  feature where you literally pull up the app and it'll show you
• 57:30
  the bit corners that are near you.
• 57:31
  So if you're traveling or if you're a new city, the orange
• 57:34
  pull up is a great resource. Also, it's the best way to DM me
• 57:38
  directly. I don't really check Twitter DMS
• 57:40
  that often, but if you want to reach me directly, you want to
• 57:42
  have a conversation, reach out to me on the orange pull up,
• 57:45
  send me Adm and I'll try to get back to you in, you know, in a
• 57:50
  in a short amount of time. So scan the QR code or check the
• 57:53
  link in the video description. Download the orange pal app
• 57:56
  today. Let's check out the culture
• 57:57
  segment, The daily Culture. Adam O'Brien Jesus is a bit
• 58:44
  corner. Whoa, what's up with that dude
• 58:46
  video? Man, you guys killed that.
• 58:48
  That was sweet. Yeah, man, it's like this thesis
• 58:51
  I've been running down for probably close to a year now on
• 58:56
  like the fact that so many biblical principles align with
• 59:02
  the ethos and principle of Bitcoin just kind of had me
• 59:06
  running down this, this the rabbit hole.
• 59:08
  And it's been, yeah, it's been a cool journey.
• 59:10
  I've gotten to to give a couple of presentation.
• 59:13
  I called it Jesus as a bitcoiner because it's a little bit like,
• 59:18
  you know, audacious and, and it gets people curious and it's
• 59:21
  been a cool. Yeah, it's it's, it's been a
• 59:23
  cool thing. So like what?
• 59:26
  And I would, I remember I, I didn't catch the entire thing.
• 59:29
  I caught, I caught 85% of it. I missed like the 1st 15%, which
• 59:34
  maybe was the most important part 'cause I was like on the
• 59:36
  news desk, me and Opti were running around like crazy.
• 59:40
  What are like, what are the kind of the similarities?
• 59:42
  Like why? First of all, what inspired you
• 59:45
  to write that or to make this presentation 'cause I know this,
• 59:48
  you've been talking to me about this for a while.
• 59:50
  You've been wanting to do this was Keynote, I guess you'd call
• 59:54
  it, or this presentation, this case.
• 59:57
  Why is that? Like what inspired you to do
• 59:59
  this? What are the similarities and
• 1:00:01
  why is Jesus a Bitcoiner? Yeah, man.
• 1:00:04
  OK. It came down to time preference.
• 1:00:05
  So this whole kind of thing started with the freedom
• 1:00:10
  Festival in Costa Rica. I was, they asked me to give her
• 1:00:14
  or I was, you know, I, I was going to speak there and it
• 1:00:17
  originally was going to be on like how to have time preference
• 1:00:20
  while orange peeling your, your friends and family.
• 1:00:23
  Because I believe that, you know, orange peeling your
• 1:00:25
  friends and family is one of the most important things you can
• 1:00:27
  do, one of the most important things you can do for them.
• 1:00:30
  But the way that you do it needs to be like, I'm, I'm not a big
• 1:00:32
  believer in like, you know, toxicity, like, oh, you're an
• 1:00:35
  idiot mom, you're never going to get it.
• 1:00:37
  So screw you that that just doesn't work.
• 1:00:38
  Like, like, that's not the way to do it.
• 1:00:40
  So I was writing this presentation wondering and kind
• 1:00:44
  of like, you know, doing some reflection on how I've orange
• 1:00:46
  peeled people in the past. And it came out of the time
• 1:00:50
  preference. It came out of the lowering your
• 1:00:51
  time preference. And so I started thinking about
• 1:00:53
  my like, time preference. And I was looking at my kids.
• 1:00:56
  I've got four kids, kind of like all under the age of 10.
• 1:00:59
  And I was like, OK, well, you know, I'm instilling some good
• 1:01:03
  values in them for their kind of orange pill journey and they're
• 1:01:08
  going to have like 100 years. And that's kind of like, that's
• 1:01:11
  kind of it. And I was like, you know, I'm
• 1:01:14
  with modern medicine and like a stack of Bitcoin, I'll be like
• 1:01:16
  another 100 years or so. So let's, you know, let's call
• 1:01:18
  it a century. And so for me, I was like, OK,
• 1:01:22
  well, I've got 100 years left to be a Bitcoiner.
• 1:01:24
  That's like pretty good. But 100 years is not, it's not
• 1:01:27
  like it's not eternity. It's, it's not, it's not 200
• 1:01:30
  years, it's not 1000 years. And I was kind of thinking like,
• 1:01:32
  well, how do you, how do you progress past that?
• 1:01:35
  So my lower time preference kind of drove me into past like
• 1:01:40
  after, after death, what happens?
• 1:01:42
  And then dive down into like the creator versus just the nothing.
• 1:01:47
  And you know, obviously like it's pretty dude, the more that
• 1:01:51
  you look at the earth and you have enough coincidences, it's
• 1:01:55
  tough. It's really tough to believe
• 1:01:58
  that there's nothing. In my opinion, it's really
• 1:02:00
  difficult to look at the, the earth, the, the, the beauty, the
• 1:02:06
  perfection, the science. Like you kind of have to believe
• 1:02:10
  that the law of conservation of mass just didn't apply for one
• 1:02:14
  single time, or you have to believe in a creator.
• 1:02:19
  And so it's like, OK, let's, let's, let's run down the
• 1:02:22
  creator path. What is it?
• 1:02:24
  And it came down to Jesus talking about humility and how
• 1:02:30
  the ethos of humility lines up with that Jesus preached about,
• 1:02:36
  lined up so well with the ethos of bitcoiners and like, you
• 1:02:40
  know, stay humble. Stacks Acts is an obvious one.
• 1:02:42
  But like the Bible talks about humility so much, like over 80
• 1:02:48
  times in the Bible. Or do we talk about humility?
• 1:02:51
  So there's that piece that also there's like God literally
• 1:02:54
  speaking sound money into existence when they're talking
• 1:02:57
  about value and how people should be trading.
• 1:03:00
  There's Jesus, you know, preaching about fair money and
• 1:03:04
  and value for value economics. And the more that I researched,
• 1:03:08
  you know, this concept, the more that it kind of felt like it
• 1:03:11
  was, it was driving down that path.
• 1:03:14
  So yeah, gave the first presentation in Costa Rica in
• 1:03:18
  January and then I've just been giving it a couple times since.
• 1:03:23
  Gave it in Montreal recently, talking right now to maybe give
• 1:03:26
  it a Nashville. And it's, yeah, it's cool, man.
• 1:03:29
  It's been an interesting thesis and an interesting concept and
• 1:03:32
  one that I recommend. And like the, like the thesis
• 1:03:35
  here is like, don't take my word for it, like go and do your own
• 1:03:39
  research and investigate. But part of your Bitcoin
• 1:03:43
  journey, like Jesus is probably, you know, at the end of your
• 1:03:47
  Bitcoin journey. And that's kind of my call to
• 1:03:50
  action is like, prove me wrong and go investigate and let's
• 1:03:54
  talk about it. Because if I'm wrong, like,
• 1:03:56
  please tell me right. I, I, I desperately want to be
• 1:03:59
  right about the eternity of my soul.
• 1:04:02
  But if I'm right, then like please listen and let's and
• 1:04:06
  let's run down it, you know, run down the path together.
• 1:04:08
  Yeah, and, and, and it's really fascinating the, you know, and
• 1:04:11
  of course me and Opti kind of, you know, we, we keep it to
• 1:04:13
  ourselves, but you guys see the crucifixes every once in a while
• 1:04:16
  that we'll, you know, we'll. Let you know after.
• 1:04:18
  All we'll pull it out every once in a while.
• 1:04:21
  So if you guys pay close enough detail, but a couple things
• 1:04:26
  comes to mind. So one of the things that I love
• 1:04:28
  is is Pascal's wager. So Pascal's wager is this idea
• 1:04:31
  that you believe in God, God exists, eternal happiness, you
• 1:04:34
  believe in God, God does not exist, nothing happens.
• 1:04:38
  You don't believe in God, God exists, internal damnation.
• 1:04:41
  You don't believe in God, God does not exist, nothing happens.
• 1:04:44
  What, what's the best wager there, right?
• 1:04:47
  So that's why I love the concept, right?
• 1:04:49
  The Pascal's Wager's a really interesting concept.
• 1:04:51
  And then another concept, which I don't think I've ever talked
• 1:04:54
  about this publicly, but I, I almost died.
• 1:04:57
  I was 2023 or 2023 or 24 years old.
• 1:05:03
  I think that if you you can't, it's not something that you can
• 1:05:06
  see, but it's something that you can definitely feel.
• 1:05:09
  And it's there. And good and evil are 100% real.
• 1:05:14
  You can feel it. You can't see it, but you can
• 1:05:17
  feel it. It's like it's in your heart.
• 1:05:18
  It tells you. And what I will tell you, and I
• 1:05:21
  think it was actually Dennis Prager that said this, one of
• 1:05:24
  the best ways to kind of see is what happens to people when they
• 1:05:30
  don't believe in God, right? Happens to people when they
• 1:05:34
  cause what tends to happen if you don't believe in God is you
• 1:05:37
  think you are God, right? And then that kind of leads down
• 1:05:41
  a very slippery slope. So it's a very kind of
• 1:05:44
  interesting type of topic and it's a very, it's, it's, it's
• 1:05:48
  interesting. It's interesting.
• 1:05:49
  And one of the things that I've noticed in Bitcoin as well, and
• 1:05:53
  I've seen this with multiple people, I'm not going to name
• 1:05:56
  them publicly, of course, but I've seen them become maybe not
• 1:06:00
  in the, you know, of course, Hispanic and so is Opti, right?
• 1:06:03
  So we're Catholic is AF. But you know, from a, from a,
• 1:06:08
  you know, from a lot of people is, is that Bitcoin has made
• 1:06:11
  them more spiritual in a way, more connected to the universe,
• 1:06:15
  which makes perfect sense if you think about it, because Bitcoin
• 1:06:18
  is anchored to reality via proof of work, right?
• 1:06:22
  Versus Fiat. It's completely disconnected.
• 1:06:25
  It's completely man made. So it's almost as if, you know,
• 1:06:29
  maybe this is a stretch. I wish Luke Broyles was with us
• 1:06:32
  'cause he, this would be a great conversation between the four of
• 1:06:36
  us. But it's almost as if Fiat
• 1:06:38
  corrupts the soul and Bitcoin, I don't want to say saves it,
• 1:06:42
  right? But Bitcoin protects it in a way
• 1:06:45
  insulates it. Maybe that's a stretch.
• 1:06:47
  Path, I think like it like, cause again, like the point of
• 1:06:51
  Bitcoin is just lower, like lower your time.
• 1:06:53
  Like if you boil down Bitcoin to one sentence, it's just think
• 1:06:57
  about the future and work as hard as possible today to
• 1:07:01
  preserve that future. And I think when we do the same
• 1:07:06
  thing with our lives, that's a pretty good thing.
• 1:07:09
  And I'm seeing like lots of people in the chatter like don't
• 1:07:13
  trust verify, like, yeah, totally agree.
• 1:07:16
  But you got to look at both sides there.
• 1:07:17
  And I think that when you you don't trust, but you verify like
• 1:07:24
  it, it leads it. Like Bitcoin has a certain
• 1:07:26
  amount of faith already in it. And already there's a there's an
• 1:07:32
  ounce of spirituality that exists there because it's
• 1:07:35
  rooting us to our root energy. It like Bitcoin is like the
• 1:07:39
  grounding wire that just brings us right back down to earth in
• 1:07:44
  the most efficient way possible. And I think that when we've got
• 1:07:50
  value disconnected from reality, not grounded where like it's
• 1:07:54
  floating like, you know how dangerous that is to have an
• 1:07:57
  ungrounded hot wire is so dangerous.
• 1:08:01
  And I think Bitcoin grounds it. And when you become grounded,
• 1:08:04
  you just become grounded. And I'm also like, it could be
• 1:08:06
  recency bias and all the rest of it, but it feels like I've had
• 1:08:11
  more. People coming up to me after I
• 1:08:14
  get the presentation more. And more people every single
• 1:08:17
  time being like one of two things.
• 1:08:20
  No one has ever come up and, and like challenged me.
• 1:08:22
  And I kind of wish they would like, like, you know, you guys
• 1:08:25
  know, I've been a Bitcoin for 10-11 years.
• 1:08:27
  Like love to be challenged and I love to have good discussion.
• 1:08:29
  It's how we either cement or change beliefs.
• 1:08:32
  It's very important that we politely and like confidently
• 1:08:36
  discuss facts with each other. But so many people come up being
• 1:08:39
  like, yes, I've been considering this and thinking about this and
• 1:08:44
  I haven't found a way to articulate it.
• 1:08:45
  So thank you for helping me with that.
• 1:08:47
  Or been like, I've never considered this, but what you're
• 1:08:50
  saying makes a lot of sense and I'm excited to investigate in
• 1:08:52
  the future. And that's because of what you
• 1:08:54
  said. It's because Bitcoiners are
• 1:08:56
  becoming more spiritual. Our time preference collectively
• 1:08:59
  as Bitcoiners just lowering and lowering and lowering, and we're
• 1:09:03
  trying to think about the future.
• 1:09:04
  Our grant. I talk about my, my, I talk
• 1:09:05
  about my grander all the time. My granddaughter is like my
• 1:09:07
  number one thing that I talk about.
• 1:09:09
  And I've got a bunch of young kids.
• 1:09:11
  I've got no granddaughters anywhere near the horizon, but
• 1:09:14
  I'm thinking about her. And I think collectively
• 1:09:17
  Bitcoiners are in a similar boat.
• 1:09:18
  And it's interesting to see us again, could be recency bias,
• 1:09:23
  but it's interesting to see us kind of discussing this
• 1:09:25
  collectively. 100% it's it's very interesting phenomenon.
• 1:09:29
  I don't hear enough people talking about it and but Adam, I
• 1:09:35
  do want to pivot. Wait, wait, wait.
• 1:09:37
  I want to say one thing before we pit it.
• 1:09:39
  Optic, It's no secret that the only time that Jesus publicly
• 1:09:43
  freaked out was at the the money changers.
• 1:09:46
  So I think Adam has a low hanging fruit example there that
• 1:09:50
  of course he would have been a bit corner.
• 1:09:52
  He literally freaked out at the money changers in the temple.
• 1:09:54
  And I know it sounds like a bit corner to me.
• 1:09:56
  I don't know. I mean, what do I know?
• 1:09:59
  Amen. He yeah, like and it's crazy
• 1:10:05
  reading the Bible from the perspective of a Bitcoiner is
• 1:10:10
  wild because you get to simultaneously be hardened in
• 1:10:15
  your Bitcoin belief while also be pushed in your humanity
• 1:10:18
  belief. And it's, it's dynamite.
• 1:10:20
  So definitely encourage it. And again, like, prove me wrong
• 1:10:25
  or let me prove you wrong, and then let's like run together
• 1:10:29
  down a path towards sovereignty. Amen to that Amen to that all
• 1:10:34
  right Adam, let's talk about Bitcoin.
• 1:10:37
  Well, bro self custody by default.
• 1:10:40
  You guys have released a new product since you guys, since
• 1:10:42
  you've been on the show, the cash vouchers.
• 1:10:45
  And of course, I don't know if I could say this.
• 1:10:47
  I'm going to say it anyways. Do it, bro.
• 1:10:50
  Something about lightning. So I don't know if I, I was, I'm
• 1:10:54
  sorry, James, a Canadian Opti. But yeah.
• 1:10:58
  So let's let's start with self custody by default because I
• 1:11:03
  really believe, first of all, guys, and I'm not just saying
• 1:11:05
  this because you know, they're a lead sponsor.
• 1:11:09
  Self custody is a revolution, right?
• 1:11:11
  And from my experience, what I've noticed is if you create an
• 1:11:16
  incentive structure, that's the keyword right Where people are
• 1:11:20
  not incentivize to take a little bit of personal responsibility
• 1:11:25
  and learn how to take self custody.
• 1:11:26
  The products on the market right now are so easy to there's
• 1:11:30
  literally no excuse. Literally one of my best friend
• 1:11:32
  fucking BTC sessions bro. He has every tutorial known to
• 1:11:36
  man that will teach you how to use any type of hardware wallet.
• 1:11:40
  And there's no excuse. Like there's no look if you can
• 1:11:43
  take care of the kid, if you can make yourself a sandwich, you
• 1:11:47
  could take self custody. Like there's no reason.
• 1:11:49
  But The thing is, humans are creatures of incentives.
• 1:11:52
  And if you create an incentive structure where the convenience
• 1:11:56
  is there for you to just leave it on the exchange, you know,
• 1:12:02
  you're going to have to explain to your grandchildren why you
• 1:12:04
  lost your generational wealth potential.
• 1:12:09
  Why did why did you lose the Bitcoin?
• 1:12:12
  So you know, you took AI would say it's a risk and you took
• 1:12:17
  this, this bold step. I'm going to stick with that
• 1:12:20
  this bold step to make Bitcoin well a self custody by default
• 1:12:25
  platform. So you could you talk a little
• 1:12:28
  bit about what your, what your, you know, what your motivations
• 1:12:31
  were behind that decision? Yeah, man, it's a bit what
• 1:12:34
  you're describing like our, our mission is to enable
• 1:12:38
  independence. And that has been something that
• 1:12:41
  we've been like unwavering and we marched down every decision
• 1:12:44
  that we make is, does this enable more or less
• 1:12:47
  independence, sometimes to the short term detriment of, of like
• 1:12:53
  the, the, the, the company. But I fully believe that a
• 1:12:56
  company that is steadfast in enabling independence is going
• 1:13:01
  to win. And so, you know, enable
• 1:13:04
  independence is pretty broad. It's like, OK, well, how can
• 1:13:06
  you, how can you do that? How could you enable
• 1:13:09
  independence? And we've chosen to do that
• 1:13:12
  through the convenient control of Bitcoin, not by us, but by
• 1:13:16
  our customers. And one thing that we like to
• 1:13:18
  say is we give people the convenience of modern banking
• 1:13:22
  with the benefits of Bitcoin and the benefits of Bitcoin, you
• 1:13:26
  know, it's like it's self custody, like the benefits of
• 1:13:29
  Bitcoin is not the deflationary, we could have made another
• 1:13:33
  deflationary asset. You know, the government could
• 1:13:36
  have made a deflationary deflationary asset is not the
• 1:13:39
  revolution here in Bitcoin. That's not what Satoshi's big
• 1:13:43
  breakthrough was. The big breakthrough came from,
• 1:13:46
  you know, proof of work, which enabled decentralized
• 1:13:49
  deflationary assets. Self custody and the way that
• 1:13:52
  you could spend money and not double spend the same money was
• 1:13:57
  the breakthrough. There's been tons of like E cash
• 1:14:00
  and and and delivered tokens before, but the real
• 1:14:04
  breakthrough through was the inability to double spend
• 1:14:07
  Bitcoin. And the benefit to that backing
• 1:14:09
  up one level again, is self custody, the fact that you do
• 1:14:13
  not have to rely on anybody else to then receive and send money
• 1:14:20
  and value. And so if we're going to enable
• 1:14:23
  independence by giving people the convenience of modern
• 1:14:26
  banking, but with the benefits of Bitcoin, and we believe that
• 1:14:30
  the benefit of Bitcoin is self custody.
• 1:14:32
  Like I mean to still say like there's no second best, there's
• 1:14:35
  no other opportunity. There's no other way to build a
• 1:14:38
  platform for somebody for real bitcoiners.
• 1:14:41
  There's no other way to build or use a platform.
• 1:14:44
  But but again, like we can't, this is kind of the downside
• 1:14:47
  that you're talking about Nikko is we don't get to just do this
• 1:14:51
  on our own. We just can't.
• 1:14:53
  There is too much ease, too much too.
• 1:14:57
  There's there's faster slopes to owning Bitcoin than Bitcoin.
• 1:15:02
  Well, there are easier ways to own Bitcoin than Bitcoin.
• 1:15:06
  Well, and the bet that we're taking is that the community,
• 1:15:09
  the people watching this show, the people that watch BTC
• 1:15:12
  sessions, the people that understand the importance of the
• 1:15:15
  future of Bitcoin and self custody will not tolerate
• 1:15:18
  anything else. And honestly, the bet is to be
• 1:15:21
  determined. We've had an incredible amount
• 1:15:23
  of love people from this show, you know, whenever we go to
• 1:15:25
  conferences, people are like love the self custody.
• 1:15:28
  They're very, very bullish on it, but it's the it's, it's a
• 1:15:32
  harder platform to use because of the final step.
• 1:15:35
  Like when you onboard with Bitcoin.
• 1:15:36
  Well, when you onboard with anyone else, you get an e-mail
• 1:15:39
  and a password and then boom, you're in and you connect your
• 1:15:43
  bank when you know I'm worth a Bitcoin.
• 1:15:45
  Well, we need a third thing. We need your Bitcoin address.
• 1:15:47
  We take your Bitcoin address before we take before you.
• 1:15:49
  We let you verify your identity before you connect your bank,
• 1:15:52
  before we tell you where to send money, we get your Bitcoin
• 1:15:56
  address or you have to give us a Bitcoin address because we
• 1:16:00
  believe in self custody and so giving people.
• 1:16:03
  So one thing that we have to look at is how do you, how do
• 1:16:06
  you interact with money? And then how do you apply
• 1:16:09
  Bitcoin in self custody to that? And I think we're, we're nearing
• 1:16:14
  over the first hump of, of the difficulties that a self custody
• 1:16:18
  platform bring. There's probably like 1000 more
• 1:16:21
  humps that we're going to have to climb through.
• 1:16:22
  But we've really found our stride in making it actually
• 1:16:26
  easier to use Bitcoin from self custody than it is from a
• 1:16:30
  custodial environment, because here's the benefit.
• 1:16:33
  So when Bitcoin is in a custody environment, sitting at Coinbase
• 1:16:36
  or sitting at another, you know, centralized custodial Bitcoin
• 1:16:39
  exchange, you don't know that you can't use it until you go to
• 1:16:44
  use it. And there is countless stories
• 1:16:46
  of people looking to make withdrawals.
• 1:16:48
  And we've, we've all even personally been affected by
• 1:16:50
  this. And then the platform's saying
• 1:16:52
  like, no, you can't. And so when you have Bitcoin in
• 1:16:56
  yourself custody, literally nobody can say that.
• 1:16:59
  And you always, always have the opportunity to use your Bitcoin.
• 1:17:03
  And that's an important thing to me, that everybody always has
• 1:17:05
  the opportunity to use the Bitcoin. 100% and I think a
• 1:17:09
  verse is very applicable here. Entered through the narrow gate
• 1:17:12
  for the wide gate, For wide is the gate, and broad is the road
• 1:17:16
  that leads to destruction, and many enter through it.
• 1:17:18
  But small is the gate and narrow the road that leads to life, and
• 1:17:22
  only a few find it. Very.
• 1:17:26
  Applicable here, I think. In my opinion anyways.
• 1:17:29
  I do see, yeah. Before we pull it in though,
• 1:17:31
  Nico, because Adam, there is some concerns about UTXO
• 1:17:35
  management in the chat, but it looks like you guys have some
• 1:17:39
  things on the horizon that will eventually fix this.
• 1:17:42
  So you want to touch on this one bro?
• 1:17:45
  Yeah, man. So, yeah, I mean it's it's live
• 1:17:48
  right now, but we're going to be officially starting our market.
• 1:17:50
  I mean, hey, this is it. This is the official marketing
• 1:17:52
  campaign kicked off. I guess right now it was going
• 1:17:54
  to be tomorrow morning with the press release, but we'll do it
• 1:17:56
  today. Right now in Canada, you can you
• 1:18:01
  can sell Bitcoin on lightning network and receive an E
• 1:18:04
  transfer like look at this. This is like this GIF is like
• 1:18:07
  this is how fast it is. It's literally sending money
• 1:18:09
  from a you know, this is a custody wallet, but outside of
• 1:18:12
  the Bitcoin well ecosystem you send in this case has sent
• 1:18:15
  21,000 SAT's and boom within what is that three or four
• 1:18:19
  seconds? I've got an E transfer, which is
• 1:18:21
  like the Canadian bank transfer system.
• 1:18:24
  Boom done. It's it's it's right there.
• 1:18:27
  It's the fastest way. And then the next step to that
• 1:18:29
  obviously is being able to well, we're going to bring to the
• 1:18:31
  states. We're working on that right now.
• 1:18:32
  The guys on the other side of this camera are working on being
• 1:18:36
  able to sell lightning in the USA and then it will be buy
• 1:18:40
  lighting. And that's I think the future of
• 1:18:44
  I was talking with Julian Kinetic finance on on YouTube.
• 1:18:48
  Now get based on YouTube and he said stacking on chain is almost
• 1:18:54
  becoming like inaccessible. It's almost not worth stacking
• 1:18:59
  on chain because DCA is the right way to to buy Bitcoin,
• 1:19:02
  obviously, but you have to elongate your DCA when your,
• 1:19:06
  when your UTXOS are fewer and fewer and fewer.
• 1:19:09
  And so the way that I think we're going to solve that is
• 1:19:12
  allow for your DCA or your, your small purchases to be done
• 1:19:18
  through lighting network. And honestly, for the time
• 1:19:21
  being, like lightning is not the lightning is not where it needs
• 1:19:24
  to be for mass adoption. Liquid is, you know, Federated,
• 1:19:28
  but not completely non custodial.
• 1:19:30
  So there's like, there's just trade-offs here.
• 1:19:32
  However, you can stack lightning over and over and over.
• 1:19:37
  You're 10, you're 15. Like we have people that do
• 1:19:40
  $4.00 transactions on Bitcoin. Well, that UTXO is just dead.
• 1:19:43
  Like that's like it's, it's, it's not the right way to stack
• 1:19:46
  Bitcoin. And so stacking that via the
• 1:19:48
  lighting network, allowing your $4.00 UTXOS to, you know,
• 1:19:52
  accumulate and then we're going to offer obviously a swap.
• 1:19:55
  And so you'll be able to in the same way that in that gift use
• 1:19:58
  like our payment address for selling Bitcoin is going to be
• 1:20:01
  your well tag at sell dot BTCW dot app.
• 1:20:05
  You can see it very briefly here where I where I paste it in, but
• 1:20:09
  we're going to have another payment address which is going
• 1:20:11
  to be your well tag at swap dot BTCW dot app and that'll be
• 1:20:16
  coming in the next few months. And you'll be able to send
• 1:20:18
  Bitcoin on Lightning network and receive back, you know, a larger
• 1:20:23
  UT. Imagine stacking for two or
• 1:20:25
  three months into a Lightning wallet.
• 1:20:28
  You send then that Lightning, those, those tokens and
• 1:20:31
  Lightning network to your well tag at swap dot BTCW dot app
• 1:20:35
  Boom, it converts Lightning to main chain back to your passport
• 1:20:39
  and you're good to go. So I think that's the solution
• 1:20:42
  to UTXO management in the meantime.
• 1:20:44
  Same thing with Liquid where you have small amounts held again
• 1:20:49
  off platform. And if they have to go into a
• 1:20:52
  custody environment, you know, fine, but get them off platform,
• 1:20:56
  get them away from the person that sells you.
• 1:20:59
  The person that sells you Bitcoin should never, ever,
• 1:21:01
  ever, ever, ever, not for one single second.
• 1:21:04
  Be the person that holds your Bitcoin because the incentives
• 1:21:07
  get all messed up. This is the start of how 61 O2
• 1:21:10
  happens. This is the start of decoupling
• 1:21:12
  gold and the dollar. It's when those incentives get a
• 1:21:15
  little bit aligned, when you get a little tiny crack in the
• 1:21:19
  incentive structure, boom, a wedge gets drawn in and it gets
• 1:21:22
  blasted open and we end up in 2024 where the money is useless
• 1:21:26
  and people are broken. And I think that we need to
• 1:21:30
  absolutely need to like not even just normalize, but call for
• 1:21:34
  call on people to get their Bitcoin away from the people
• 1:21:39
  that sell them that Bitcoin just to align the incentives so
• 1:21:42
  tightly. Beautiful, beautiful.
• 1:21:44
  Adam, do you have a final message to the audience that
• 1:21:49
  18147 people watching live right now plus another 40 on Rumble.
• 1:21:54
  What would be your final message rather than going to
• 1:21:57
  bitcoinwell.com? Yeah.
• 1:21:58
  I mean, go to bitcoinwell.com, obviously, but I think let's,
• 1:22:01
  let's tie the whole thing in, lower your time preference and
• 1:22:04
  stay humble, Stack Stacks. I think definitely we need our
• 1:22:08
  community, the Bitcoin well community, but then the Bitcoin
• 1:22:11
  community. We need a strong united
• 1:22:14
  community rooted in a foundational mission.
• 1:22:20
  And the mission cannot be, you know, end the world.
• 1:22:23
  The mission cannot be AI like separate, separate, get rid of
• 1:22:28
  separate money and state. That's the mission and let's run
• 1:22:32
  it down together, guys. Absolutely.
• 1:22:34
  We're absolutely going to win, but only if you take self
• 1:22:38
  custody. All right, everybody, before we
• 1:22:40
  wrap up the the show, I do have to give a shout out to our
• 1:22:42
  sponsor, of course. Kaboom racks.
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  podcast description. That will take you directly to
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  their Telegram marketplace where you can connect with a member of
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  online after your payment is confirmed.
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  Check out kaboom rat day. All right, ladies and gentlemen,
• 1:23:38
  that was simply Bitcoin May 27th, 2024.
• 1:23:42
  I do want to thank our very, very special guest, Adam
• 1:23:44
  O'Brien, CEO and founder of Bitcoin Well for joining us
• 1:23:47
  today, my legendary Co host, Optimus Field and tomorrow guys,
• 1:23:51
  we have a very special episode for you guys as well.
• 1:23:54
  We have the president of Bitcoin Magazine joining us, Mike
• 1:23:57
  Germano. So it's going to be an
• 1:23:57
  incredible episode. Guys.
• 1:23:59
  If you enjoyed the show, smash the like button.
• 1:24:01
  Consider subscribing if you feel like we provided you value.
• 1:24:03
  I'm your host Nico, who's my legendary Co host Optimus Fields
• 1:24:07
  is Adam O'Brien, and this is simply Bitcoin signing out.
• 1:24:09
  But first seems like sealer has a message for you guys.
• 1:24:12
  Well. Because they want to.
• 1:24:15
  Sell. It eventually, Michael, I mean,
• 1:24:17
  let's be honest, most of the people who are, yes, you sure if
• 1:24:20
  some people pass it on to their children, but like most of the
• 1:24:23
  people who are buying assets at some point want to sell the
• 1:24:26
  assets at a profit. So I.
• 1:24:28
  Guess let me say it a different way.
• 1:24:30
  People that use Fiat currency as a store of value, there's a name
• 1:24:34
  for them. We call them poor, OK?
• 1:24:38
  Episode was brought to you by bitcoinwell.com on a mission to
• 1:24:41
  enable independence.