Latest / Simply Bitcoin / Will Mark Zuckerberg CREATE The NEXT Microstrategy? | EP 1159

Transcript

Will Mark Zuckerberg CREATE The NEXT Microstrategy? | EP 1159 · Simply Bitcoin

• 0:00
  Yeah, well, Mark Zuckerberg turned the $1.5 trillion giant
• 0:05
  Meta into the next MicroStrategy, while Meta
• 0:09
  shareholders are now demanding that Facebook considers Bitcoin
• 0:13
  on the balance sheet. But let's not forget 4 out of
• 0:16
  the seven largest companies have been forced to consider Bitcoin
• 0:21
  as a treasury reserve asset in the past 30 days alone.
• 0:25
  No one could ignore Microstrategy's performance of
• 0:29
  2024. Amazon is being asked by
• 0:32
  shareholders to look into Bitcoin.
• 0:34
  Tesla owns Bitcoin. A lot of people forget that
• 0:37
  Microsoft was forced to sit through a 3 minute presentation
• 0:41
  by the Chad Saylor himself, Michael Saylor, on the benefits
• 0:46
  of adopting Bitcoin. And now we have a $1.5 trillion
• 0:51
  company, Meta being forced to investigate Bitcoin as well.
• 0:55
  Why are all these multi trillion dollar giants adopting Bitcoin?
• 0:59
  Well, I mentioned it earlier. Does it have to do with the fact
• 1:02
  that micro that MicroStrategy now has the 7th largest treasure
• 1:06
  in the world? As you can see, we have a lot to
• 1:08
  cover today guys. And we haven't even mentioned
• 1:11
  Zuckerberg having a goat named Bitcoin and Facebook's 2019
• 1:16
  attempt at creating their own cryptocurrency.
• 1:19
  Of course you guys remember the Libra thing.
• 1:21
  Anyways guys, it's going to be a packed show tons of used to
• 1:26
  uncover. I just learned about
• 1:29
  Zuckerberg's goat Bitcoin this morning.
• 1:34
  Also, Nico, let's let's be clear here.
• 1:37
  Let's be clear here. Technically he owns Bitcoin if
• 1:40
  it's GOAT. If it's game Bitcoin, well also
• 1:42
  also I I've been saying this for a while, it's two goats.
• 1:45
  One is named Max and one is named goat or Bitcoin.
• 1:49
  Sorry. So literally his two goats
• 1:51
  combined is Bitcoin maxi. Like, I don't know.
• 1:53
  I don't know. So we're tea leaf reading here.
• 1:55
  But anyway, let's get into the story, Nico.
• 1:59
  Yeah. All right.
• 2:00
  We have lots to, we have lots to unpack, ladies and gentlemen.
• 2:04
  So first let's let's go through it.
• 2:06
  What are we talking about? Well, again, it seems like no
• 2:10
  one could ignore Bitcoins incentives.
• 2:12
  This is what we've been talking about for a very, very long time
• 2:18
  now, guys. Look, these are public
• 2:21
  companies. Public companies are beholden to
• 2:23
  their shareholders. Shareholders are looking at what
• 2:27
  MicroStrategy did in 2024, one of the best performing stocks,
• 2:31
  and they're looking and they're saying like what the F?
• 2:33
  Like I understand MicroStrategy, you know, we're Microsoft, like
• 2:38
  we have more revenue, we're NVIDIA, we manufacture, you
• 2:41
  know, these GPU's that AI uses and gamers use.
• 2:45
  Like why is MicroStrategy stock outperforming us?
• 2:47
  It doesn't make sense. And that works, you know,
• 2:51
  initially, but over time that excuse doesn't work anymore.
• 2:55
  So if micro strategy continues to do what we suspect it's going
• 2:58
  to do because it's holding a ridiculous amount of Bitcoin,
• 3:01
  it's stock should be continuing to head in an upwards
• 3:04
  trajectory, right? So eventually something has to
• 3:08
  give eventually, you know, the pressure is there eventually
• 3:13
  it's an undeniable fact that having Bitcoin on your treasury
• 3:17
  is advantageous to not having Bitcoin on your treasury.
• 3:21
  So what are we talking about? Here's the headline.
• 3:23
  Think tank urges Meta to embrace Bitcoin as a as a treasury
• 3:28
  asset. And remember, same thing
• 3:30
  happened with Microsoft, same thing happened with Amazon and
• 3:34
  now again, another big tech company Meta.
• 3:37
  And of course, little known fact that we we all know that Tesla
• 3:40
  owns Bitcoin, but also SpaceX owns Bitcoin as well.
• 3:44
  So as much as you know, we're not big fans of Elon.
• 3:47
  I'm talking about Opti. You know he does.
• 3:50
  They do have exposure to Bitcoin.
• 3:52
  Anyways. A key think tank wants Meta to
• 3:54
  invest part of its $72 billion reserves in Bitcoin.
• 3:59
  Bitcoins 124% surge in 2024 is seen as proof it outperforms
• 4:05
  traditional assets. Microsoft and Amazon previously
• 4:09
  rejected similar proposals due to volatility concerns.
• 4:13
  Microstrategy's success with Bitcoin is being used as an
• 4:17
  example for Meta. So it's one of the things I was
• 4:19
  talking about earlier. So here are the facts.
• 4:22
  A conservative think tank is calling on Meta to jump on the
• 4:26
  Bitcoin bandwagon. The National Center for Public
• 4:29
  Policy Research is urging the company to put part of its $72
• 4:33
  billion cash reserves into Bitcoin, arguing it could hedge
• 4:37
  against inflation and boost shareholder value.
• 4:41
  I mean, think about holding $72 billion in cash and that cash is
• 4:47
  just melting away. Like, it would be brutal.
• 4:51
  It would be, it would be, it would be bad.
• 4:53
  The NCPPR says Bitcoins 124% rise in 2024 makes it a better
• 5:00
  option than traditional investments like bonds.
• 5:03
  Quote Meta. Shareholders deserve a smarter
• 5:06
  asset allocation, the group said in its pitch.
• 5:09
  Pitch. Microsoft and Amazon already
• 5:11
  said no. The think tank has tried this
• 5:13
  before. Last month, it asked Microsoft
• 5:16
  to consider Bitcoin, but the company's board shut it down.
• 5:19
  Sightings, Bitcoin's price swings.
• 5:21
  But we got that sweet video from Sailor.
• 5:24
  He absolutely crushed it in three minute, in 3 minutes and
• 5:26
  basically said if you don't get adopt it, if you don't adopt
• 5:28
  Bitcoin, you're going to get left behind.
• 5:31
  I think he's actually, he's going to be absolutely prophetic
• 5:34
  in that statement a decade from now.
• 5:36
  Anyways, it goes on to say Amazon got a similar proposal
• 5:39
  asking the company to put 5% of its balance sheet into Bitcoin.
• 5:43
  So far the idea hasn't gained much traction and it's unclear
• 5:47
  if it ever if it will even make it to Amazon shareholder meeting
• 5:51
  in May. What about meta?
• 5:53
  Meta hasn't made big moves in crypto since it's dropped its DM
• 5:57
  stablecoin project a while back. While the NCP PPR wants Meta to
• 6:03
  take a chance on Bitcoin, it's not clear if the company will be
• 6:07
  interested given it's cautious history.
• 6:09
  The think tank points to MicroStrategy as a model.
• 6:13
  The company has heavily invested in Bitcoin and it's stock has
• 6:17
  outperformed giants like Microsoft and Amazon.
• 6:20
  MicroStrategy CEO Michael Saylor calls this the Bitcoin
• 6:24
  renaissance and has been pushing other companies to get on board.
• 6:28
  The bigger picture, whether Meta takes the leap or not, Bitcoins
• 6:32
  role in corporate finance is clearly growing.
• 6:35
  The fact that these conversations are even happening
• 6:38
  shows how far Bitcoin has become and how much further it might
• 6:42
  go. I think another thing that will
• 6:44
  play a huge role and potentially some of these companies adopting
• 6:48
  Bitcoin is the recent election of Donald Trump.
• 6:52
  You've seen this complete 180 from the likes of Jeff Bezos.
• 6:57
  We're going to play you guys a clip of Mark Zuckerberg on the
• 7:01
  Joe Rogan podcast. And it's like all of a sudden
• 7:04
  he's like pro freedom and like anti censorship.
• 7:07
  Like what's going on there? I don't think it has anything to
• 7:10
  do with Zuckerberg fundamentally changing his like his opinion or
• 7:14
  his heart. I think it has to do with the
• 7:17
  fact that the orange man got elected and now it's
• 7:19
  inconvenient to be against censorship.
• 7:22
  It's inconvenient to be against freedom.
• 7:25
  So, you know, again, like sometimes times things just
• 7:28
  happen out of convenience. And you know, if the United
• 7:32
  States is bullish on this strategic Bitcoin reserve and
• 7:36
  they release an executive order on this strategic Bitcoin
• 7:39
  reserve, I mean, there you go. It's pretty convenient for these
• 7:44
  big companies to be like, you know what, maybe 5% of our Fiat
• 7:49
  treasury isn't such a bad idea, right?
• 7:51
  Anyways, here's the clip and then I'll bring opt in.
• 7:54
  It's all in the public domain. I mean, basically, these people
• 7:56
  from the Biden administration would call up our team and like
• 8:01
  scream at them and curse. And it's like these documents
• 8:04
  are, it's all kind of out there. Did you record any of those
• 8:07
  phone calls? I don't know.
• 8:08
  I don't think, I don't think we, but, but I think I want to
• 8:11
  listen. I mean, there are emails, the
• 8:12
  emails are published. It's all, it's all kind of out
• 8:14
  there. And and they're like, and
• 8:19
  basically it just got to this point where we were like, no,
• 8:21
  we're not going to, we're not going to take down things that
• 8:23
  are true. That's ridiculous.
• 8:26
  They want us to take down this meme of Leonardo DiCaprio
• 8:28
  looking at ATV talking about how 10 years from now or something,
• 8:34
  you know, you're going to see an ad that says, OK, if you took a
• 8:36
  COVID vaccine, you're eligible, you know, like for, for this
• 8:41
  kind of payment, like sort of like class action lawsuit type
• 8:44
  meme. And they're like, no, you have
• 8:46
  to take that down. We said, no, we're not going to
• 8:48
  take take down humor and satire. We're not going to take down
• 8:51
  things that are that are true. And then at some point, I guess,
• 8:56
  I don't know, flipped a bit. I mean, Biden when he was he
• 9:00
  gave some statement at some point, I don't know if it's a
• 9:03
  press conference or to some journalists where he basically
• 9:05
  was like, these guys are killing people.
• 9:07
  And, and, and I don't know, then like all these different
• 9:14
  agencies and branches of government basically just like
• 9:16
  started investigating coming after our company.
• 9:19
  It was. It was brutal.
• 9:23
  I mean, bro, brah, brah, you know, it sounds very similar to
• 9:34
  what they did to Bitcoin in the Bitcoin industry, right?
• 9:37
  This like government is getting in and you know, again, like we,
• 9:44
  you guys know how we feel about the whole censorship thing,
• 9:46
  about the whole freedom of speech thing.
• 9:48
  We feel very passionate about it.
• 9:49
  Freedom of speech is the front line for for Bitcoin.
• 9:54
  But I would say that I would say that they use the same tactics
• 10:03
  to go after the Bitcoin industry.
• 10:05
  Like the government reached out to specific actors, specific
• 10:10
  banks, and basically told them like, hey, you got to debank the
• 10:15
  industry. Crypto isn't good.
• 10:18
  And in a way, you can make an argument they arrested some of
• 10:22
  the actors that worked in the industry.
• 10:23
  It seems like this whole thing about stamping free speech and
• 10:28
  stamping alternatives like that was like a a common theme here.
• 10:32
  So I guess maybe I'm connecting the dots that aren't there.
• 10:35
  But if this trend continues, again, if the US government is
• 10:40
  very friendly towards Bitcoin, it kind of creates this
• 10:43
  incentive for these companies to look at Bitcoin and say, you
• 10:46
  know what, we now know that it's not going to get attacked on a
• 10:50
  regulatory, from a regulatory perspective, you know, maybe
• 10:53
  it's a good idea to buy some just in case it catches on.
• 10:55
  And I'm telling you, it's inevitable that these are
• 10:58
  companies, these companies adopt Bitcoin or buy Bitcoin.
• 11:01
  It's not a question of if, it's a question of when.
• 11:04
  And I don't know, the whole El Salvador thing happened a lot
• 11:07
  faster than I anticipated, Opti. So all bets are up here.
• 11:11
  Remember when we were like, we were reporting this in 2024, in
• 11:14
  the beginning of 2024, bro. And I never forget, like me and
• 11:18
  you were talking, we're like, dude, this thing is going to get
• 11:20
  political. This is going to enter the the
• 11:23
  political discussion by 2028. This is an inevitability.
• 11:27
  Like it's just going to happen next cycle.
• 11:29
  And then everything happens so fast, Opti And I thought we were
• 11:31
  going to go to prison because we weren't going company.
• 11:34
  Then we thought we were going to have to move to El Salvador, and
• 11:38
  then, you know, boom, it entered into the mainstream discourse
• 11:42
  and then boom, Orange man wins the election and now potentially
• 11:45
  a strategic Bitcoin reserve. So what I'm trying to make the
• 11:47
  argument for is that a lot of things happened very, very
• 11:50
  quickly in 2024, and very similar things had happened in
• 11:54
  2025 in a very short period of time.
• 11:56
  Opti, what's your take? Yeah, well, you know, besides
• 12:00
  the fact that Zuck had a great glow up and he does look like
• 12:04
  more human here. I'm not really buying this
• 12:07
  rebrand at all. I I do like that this
• 12:11
  conversation is happening. We've seen a lot of people go up
• 12:14
  on Joe Rogan. Actually, there was a funny meme
• 12:16
  of essentially that like going on Joe Rogan is, is the new form
• 12:20
  of absolution where the people come up, you know, they talk
• 12:22
  about their mistakes, they talk about their, their bad history.
• 12:26
  And since they're talking with Joe, the, the new Pope of
• 12:29
  podcast is they're, you know, they're free of their previous
• 12:32
  sins. Now, maybe this is kind of
• 12:35
  what's happening. Look, I do hold some space for
• 12:38
  redemption. I, I do believe in redemption
• 12:41
  and I do believe in people kind of having, for lack of better
• 12:44
  terms, epiphany and changing their views, their world views,
• 12:47
  because Bitcoin's done that for me.
• 12:48
  And now I'm not saying necessarily that this is what
• 12:51
  Zuckerberg is doing. I, I, again, like I said, I'm
• 12:54
  not completely sold on Mark Zuckerberg's rebrand here.
• 12:58
  I think he is literally doing that a rebrand because he sees
• 13:01
  the writing on the wall. Remember, you know, Facebook is
• 13:04
  a bigger social media platform than Twitter.
• 13:06
  So he sees where the wind is going, you know, sees the tide
• 13:09
  turning. And so he's trying to get ahead
• 13:10
  of this. Now, like a lot of people, maybe
• 13:13
  just it's very cynical is on Twitter saying that like, if,
• 13:18
  if, if Trump didn't win, I don't think that any of these tech
• 13:22
  oligarchs from social media or Silicon Valley, specifically
• 13:25
  Zuck himself would even come out and mention this stuff.
• 13:27
  Obviously, it would be a totally different administration.
• 13:30
  It wouldn't be the the favorable soil to come out and talk about
• 13:33
  this this. So it does seem a little
• 13:36
  coincidental, you know, for lack of better terms here.
• 13:39
  It seems like maybe for me, maybe I'm being cynical and and
• 13:43
  a bit pessimistic here seems a little too little too late at
• 13:46
  this point considering all of the damage that's been done
• 13:49
  since, you know, the infamous year of 2020.
• 13:52
  And it is very interesting that this is happening now.
• 13:56
  That's just like my Zuck rebrand take here.
• 13:58
  You know, I'm not really buying it.
• 14:00
  And we're seeing that a lot of tech people from Silicon Valley,
• 14:02
  little tech, et cetera, are kind of coming out and doing a very
• 14:06
  similar dance. We're like, oh, I've had this
• 14:08
  great epiphany. Now I've realized the error of
• 14:10
  my ways. And it just seems like, you
• 14:13
  know, a little too coincidental for me.
• 14:15
  So I'm personally not necessarily buying Zuck's full
• 14:18
  rebrand. Like he's based, you know,
• 14:19
  obviously he's doing jiu jitsu, he's taking TRT.
• 14:23
  And I did kind of troll, like maybe maybe mandated TRT is the
• 14:27
  way that we really make America great again.
• 14:30
  But it is, it is funny seeing Bezos kind of run out and
• 14:33
  something similar. He gets jacked, you know, his,
• 14:36
  his, his personal views, his world views change a little bit.
• 14:40
  So again, I am leaving some redemption out here for, for
• 14:43
  people like Zuck, even though I would say that he did a lot of
• 14:47
  damage in the last four years. And now again, maybe he is
• 14:50
  having epiphany and maybe I'm being cynical here now moving
• 14:53
  forward from the Zuck rebrand. Obviously when you look at the
• 14:56
  data, considering what we saw in 2024, considering what we saw
• 15:00
  Micro strategy do, what we saw Metaplanet do, they are the best
• 15:04
  performing stocks basically in the stock market.
• 15:07
  All they really did was add Bitcoin to their balance sheet.
• 15:10
  Now I love seeing the fact that Meta shareholders are basically
• 15:15
  kind of forcing Meta to even have these conversations.
• 15:18
  We saw this happen with Micro Microsoft and obviously we all
• 15:22
  know what happened with the Microsoft vote.
• 15:23
  They they voted it down. I think it, I forget what it
• 15:26
  was, but it was like something ridiculous like .01% of the
• 15:30
  voters or something, some tiny, you know, a very, very minuscule
• 15:34
  amount of the shareholders voted in favor of a Bitcoin strategy.
• 15:39
  And now we're seeing that this is being forced on Meta.
• 15:42
  And so obviously on the Bitcoin front, it would be huge news if
• 15:46
  Meta adopted a Bitcoin strategy, considering their long history
• 15:50
  of trying to do the Libra token, you know, create their own
• 15:52
  digital currency, etcetera. So I think that would be huge
• 15:56
  news and not not necessarily just for us in, you know, number
• 15:59
  go up sense, but for legitimizing Bitcoin to the
• 16:02
  masses. And of course, a lot of
• 16:04
  Bitcoiners are cynical on that front, like, oh, we don't need
• 16:06
  these people. Bitcoin's going to do it saying
• 16:08
  I, I totally agree. But if people, average people
• 16:13
  start to hear that, oh wait, Meadows adding Bitcoin to their
• 16:15
  balance sheet, maybe I should do this.
• 16:18
  They have been a tech forward company and maybe this is where
• 16:22
  the future is going. So if they do actually propose
• 16:25
  this, I think that would be huge and it would really go into the
• 16:28
  narrative we've been talking about for 2025 that we think is
• 16:32
  going to happen, which is we are going to see these huge tech
• 16:36
  companies, whether it's Apple, Facebook, Amazon, etcetera,
• 16:39
  start to start to dabble into Bitcoin.
• 16:41
  So even if it's an insignificant portion of the reserves going
• 16:44
  into Bitcoin, that would be a huge news story.
• 16:47
  And so it is very interesting when you kind of connect all
• 16:50
  these dots, like, you know, Zuck's going more based, he's
• 16:53
  listening to the people, you know, he's doing jiu jitsu, he's
• 16:57
  got a fresh haircut, he's wearing a chain.
• 16:59
  His goats are named Bitcoin and Max, like Bitcoin Maxi.
• 17:03
  I would speculate that he owns some Bitcoin now.
• 17:07
  It would be huge if he did add Bitcoin to the balance sheet,
• 17:10
  considering that they have dabbled in and you know, quote
• 17:13
  UN quote digital currencies in the past.
• 17:14
  So it is something to keep an eye on.
• 17:17
  We'll see if they actually do do a vote on this, and it would be
• 17:20
  huge if they do pass it. Optia, do we become meta fans?
• 17:25
  No, I I still don't have a Facebook are.
• 17:28
  We like. I did my Facebook years ago.
• 17:31
  I don't have it. I don't want to get on there.
• 17:34
  But you know, they're the digital trenches.
• 17:35
  Maybe some of us should go back to Facebook.
• 17:37
  Maybe it's a safer? Place for us Bitcoin is what
• 17:40
  what would happen. You know I'm a super fan of of
• 17:43
  of course, YouTube and you know obviously, but rumble as well
• 17:49
  you know did did you have to look over your shoulder?
• 17:52
  No, I, I heard, I heard, I heard, I heard my name and I'm
• 17:55
  like who said that? But it wasn't directed towards
• 18:00
  me. But the point I'm trying to make
• 18:01
  is like the Rumble news is, is, is massive.
• 18:04
  Like that partnership with Tether is huge.
• 18:08
  Like the the CEO of Rumble was talking about like potentially,
• 18:13
  you know, integrating Bitcoin payments into the platform like
• 18:18
  that, that's massive, that's huge.
• 18:20
  So again, like, I think this trend is going to continue.
• 18:25
  And if you don't believe me because it's never happened
• 18:28
  before, and I get it because when something's never happened
• 18:32
  before, it's like very difficult to like, you know, compare in
• 18:35
  your head what you can compare it to.
• 18:37
  But remember what happened with El Salvador when they made
• 18:40
  Bitcoin legal tender? Remember what happened with
• 18:43
  Michael Saylor at the Bitcoin conference at Bitcoin 2021?
• 18:46
  Remember what happened with the Treasury adoption?
• 18:50
  What remember what happened with the nation state adoption?
• 18:52
  Remember what happened with all these things?
• 18:54
  Like it just happened so quickly.
• 18:56
  It just happened all of a sudden out of nowhere.
• 18:59
  Like we went from Oh my God, we have to move to El Salvador to
• 19:03
  Trump literally dropping Bitcoin by name at Bitcoin at, at at the
• 19:07
  Libertarian conference. I'm going to free Ross like with
• 19:10
  his hands, you know, like it happened super, super quick,
• 19:14
  right? So that's all I'm saying is like
• 19:16
  in this industry and because of this asset, because it's the
• 19:19
  best asset in the world, things happen very, very quickly.
• 19:24
  Anyways, guys, before we jump into the show, I do want to give
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  tosses into the Bitcoin wishing well.
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  All right everybody, let's hit the numbers.
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  We have tons to talk about, let's check it out.
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• 22:36
  All right, everybody, before we jump into it, I do want to talk
• 22:40
  about something because it was, it was quite interesting.
• 22:43
  So again, terrible, terrible news coming out of Los Angeles.
• 22:49
  You know, again, very highly urban area, lots of people, you
• 22:54
  know, lots of people there. You know, I actually have a
• 22:57
  friend who, you know, he lost his house during the fire and
• 23:00
  it's absolutely tragic. But the reason I'm bringing all
• 23:03
  this up is again, like, I don't think you would have expected
• 23:08
  this for this to happen, right? So things happen, you know,
• 23:12
  catastrophes happen and it's very sad.
• 23:15
  It's very terrible. And again, Bitcoin is self
• 23:19
  custodial, right? If you're taking Bitcoin into
• 23:21
  self custody, you have to think about it.
• 23:23
  You know, is like if you write, if you wrote down your seed
• 23:26
  words on paper, you know, it probably would not have survived
• 23:31
  the fire, right, If there was a fire.
• 23:34
  So again, when we talk about these things, right, whether
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• 23:48
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• 24:00
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• 24:03
  on paper. yen paper. Big no, no.
• 24:06
  All right. At the time of recording, the
• 24:08
  Bitcoin price is $91,830. Block height 879,098 sats per
• 24:16
  dollar. 1089 market cap 1.82 trillion Bitcoin versus gold
• 24:21
  market cap 9.82% Percentage issued 94.33% Decline from all
• 24:27
  time high -15.3% Realized monetary inflation 1.08%.
• 24:34
  I mean that decline from all time high.
• 24:36
  Ouch bro Ouch. That's what I got to say about
• 24:38
  that. Anyways, here is here is Natalie
• 24:43
  Burnell talking to Mads Michael Saylor.
• 24:47
  They did a great podcast recently.
• 24:49
  They're at Sailor's House and here's Sailor essentially
• 24:52
  explaining to Natalie how Bitcoin is demonetizing real
• 24:56
  estate. Now, the reason I believe is a a
• 24:58
  big topic, especially if you are part of the younger generation,
• 25:02
  you know, whether you're a millennial or a zoomer, right?
• 25:05
  You know, the, the housing situation is quite interesting,
• 25:09
  right? It's very, very expensive.
• 25:11
  Most people are renting, but you know, it's, it's like, it's
• 25:14
  like, will I ever own anything? Right?
• 25:16
  Like that's kind of like the situation.
• 25:18
  Then you have to ask yourself, why did that happen?
• 25:20
  Well, that's one of the things that Fiat broke.
• 25:22
  Anyways. Here is Michael Seeler talking
• 25:25
  about the topic and then me and Opti will talk about it.
• 25:28
  I know wealthy people. They own 16 estates on the
• 25:32
  Eastern Shore and they live in two of them.
• 25:36
  Like why do they buy them? They land banking.
• 25:39
  What does that mean? Well, the guy makes a lot of
• 25:41
  money every year and he and he doesn't want to put it in a
• 25:44
  savings account. So he goes and he just buys a
• 25:46
  cool piece of property and he buys another one.
• 25:50
  Well, OK, it sounds good, but here's the problem.
• 25:53
  The guy buys up the beautiful pieces of property and you so
• 25:56
  you can't afford it. And if the guy, if the rich guy
• 26:00
  wasn't buying up all the beautiful houses, they would
• 26:02
  cost half as much and you could live in a beautiful house.
• 26:06
  So here's what happens. Some rich dude has 27 houses
• 26:09
  that are empty. You don't have a beautiful
• 26:12
  house. You have a family, your kids,
• 26:15
  your dog could use the beautiful house.
• 26:18
  The rich dude doesn't even want the house.
• 26:21
  He just wants a long term capital preservation strategy,
• 26:26
  right? And so that's a prefer, a
• 26:28
  perverse incentive and a distorted economy that's broken,
• 26:34
  that's broken money. That's because the rich dude is
• 26:38
  using an estate on the Eastern Shore of Maryland as a Piggy
• 26:42
  Bank, Huh. But the estate doesn't get
• 26:46
  renovated. The house is falling down.
• 26:48
  There's a beautiful pool on the water, and you could have a
• 26:51
  great family picnic there every Sunday.
• 26:54
  But it's not going to happen because the rich dude has 16
• 26:57
  other houses. He just bought that house
• 27:00
  because he thought it was so I mean like Opti, like I think
• 27:06
  this is something that our entire generation has lived
• 27:09
  through. We've experienced it and you
• 27:12
  know, it's it's quite unfortunate man, Like how
• 27:15
  essentially because you're essentially too forced to become
• 27:19
  a part time investor just to maintain your purchasing power
• 27:22
  in the Fiat system. It's like over financialized
• 27:26
  real estate, right? Like I think Sailor hit the nail
• 27:28
  on the head there. He's like explaining, he's like,
• 27:30
  This is why you can't afford anything Because like, if you
• 27:33
  have wealth, you're looking at real estate as a way to maintain
• 27:38
  your purchasing power. Where in reality, if the money
• 27:42
  was was working, if the money was fixed, you wouldn't look at
• 27:46
  real estate as an investment. In fact, real estate would be a
• 27:49
  bad investment because you have to pay property taxes.
• 27:52
  You have to maintain the property, right?
• 27:54
  Like there's a sunk cost there, right?
• 27:56
  Withholding Bitcoin in cold storage and doing it for a long
• 28:00
  period of time, you don't have to pay maintenance your cold
• 28:03
  storage Bitcoin. You don't have to pay, at least
• 28:05
  not yet, property tax on your cold storage.
• 28:09
  I'm sure they'll try to pass some type of law in the future
• 28:12
  regarding that, but at least not yet.
• 28:14
  That's not the case. So, you know, it's clearly a
• 28:16
  better investment. I think the last five years has
• 28:18
  shown that. Opti, what's your take?
• 28:21
  Yeah, well, I really like how Saylor talks about this.
• 28:24
  Obviously, I'm sure his friends are a lot richer than our
• 28:28
  friends out here. So, you know, our friends aren't
• 28:30
  buying multiple really nice houses in real estate to
• 28:33
  preserve their capital. But it is a a current theme
• 28:37
  going on for a lot of people. And I think many people
• 28:40
  understand this. And obviously on the flip side,
• 28:42
  many people don't understand this.
• 28:43
  And so it's good that we continue to stress this point,
• 28:46
  as a lot of Bitcoiners say all the time on and on Twitter or
• 28:49
  even on the show in general, everything is trending to zero
• 28:52
  against Bitcoin. And right now, if if you
• 28:54
  understand how the Fiat system works, if you understand how to
• 28:57
  preserve your capital, then obviously you save your wealth
• 29:01
  in the majority of assets. This is why the rich keep
• 29:04
  getting rich is because all of their wealth are in assets.
• 29:07
  And as they print more money, that means their net worth is
• 29:09
  going up. And so we're seeing right now
• 29:12
  there is this very real trend right now that a lot of houses,
• 29:17
  a lot of real estate are being bought up simply to preserve
• 29:19
  capital. I know there's, there's been
• 29:21
  memes going around on Twitter about some of the, you know,
• 29:24
  the, the most expensive places, like even in Manhattan,
• 29:27
  etcetera. And they're just, they're just
• 29:29
  sitting there and no one's living in them because people
• 29:31
  are using them to preserve the capital.
• 29:33
  Well, now we have something better, at least I would argue
• 29:36
  it's better. Obviously I don't have, you
• 29:38
  know, 3, multiple different houses and, and different
• 29:41
  jurisdictions on the beach, etcetera, in the mountains and
• 29:44
  all that good stuff. But you're seeing that this is
• 29:46
  the game that's being played. And if you don't have the
• 29:49
  capital to preserve your capital in houses, etcetera, or yachts
• 29:53
  or nice cars or whatever status symbol you want to use, you are
• 29:56
  being left out of the game. And this is obviously having a
• 30:00
  detrimental effect on the middle class.
• 30:02
  Most people are striving to get a house.
• 30:05
  I've I've kind of relegated myself to the idea that I might
• 30:08
  not ever own a house. And you know, I'm going to own
• 30:10
  nothing and be happy apparently. But This is why I think Bitcoin
• 30:13
  is going to help all of us, especially the middle class.
• 30:16
  And shout out to brand. We had him on the other day and
• 30:18
  he was talking about Bitcoin for millennials.
• 30:20
  And I really find hilarious that a lot of millennials people our
• 30:23
  age are very against Bitcoin. You know, obviously they they
• 30:27
  bit into the propaganda against Bitcoin or the FUD.
• 30:30
  And it's really our last hope. Like this is the only hope we
• 30:34
  have to actually acquire the for us in America, you know, the
• 30:38
  American dream, the white pig at home, you know, build a family,
• 30:40
  etcetera. And so many people right now are
• 30:42
  hurting and it, it really is crazy to see what the effects of
• 30:46
  Fiat money are on your psychology.
• 30:49
  And if you never have the hope of owning a house, if you can't
• 30:52
  pay for building a family, this stuff has a psychological effect
• 30:57
  on humanity. And we're seeing these effects
• 30:59
  play out in real time. And a lot of people are
• 31:01
  nihilistic and pessimistic and not hopeful about the future.
• 31:05
  And all of us Bitcoiners are like, well, there is a fix here.
• 31:08
  The real estate is going to get demonetized.
• 31:11
  And maybe it's not in the next year or five years, maybe it's
• 31:14
  the next decade or two. But it is happening in real
• 31:17
  time. And we're seeing it happen in
• 31:18
  real time. And if you price your life in
• 31:21
  Bitcoin, houses do become more affordable.
• 31:24
  The meme of like, I forget what the numbers are specifically,
• 31:27
  but the meme of that goes around all the time.
• 31:29
  You know, houses used to cost 45 Bitcoin, now they cost 6
• 31:32
  Bitcoin. And I'm venturing in maybe four
• 31:34
  to five years, it's going to be one or two Bitcoin, who knows,
• 31:37
  maybe 3 Bitcoin, I don't know. I don't know what it is.
• 31:39
  But we all know that this is a game, or rather anyone that
• 31:42
  understands how the Fiat system works understand that this is
• 31:46
  the game. You cannot hold dollars, hence
• 31:48
  the sailor meme of melting ice cubes.
• 31:50
  If you are saving in dollars or cash equivalents, you are losing
• 31:53
  purchasing power year over year. And so you need to go into hard
• 31:57
  assets. Historically that would have
• 32:00
  been real estate or gold or, you know, super yachts or whatever
• 32:05
  you can buy. But for most of us, it's
• 32:07
  Bitcoin. You can buy, you know, as little
• 32:10
  as one penny into Bitcoin. Obviously, you need to buy as
• 32:13
  much Bitcoin as possible to eventually get yourself into a
• 32:16
  position where you can buy yourself some real estate or you
• 32:19
  know, for the family, etcetera. But we have a fix.
• 32:23
  There is a solution. People understand what the
• 32:25
  problem is, and it's the fact that they're expanding the money
• 32:27
  supply which is making us all poorer, which means you need to
• 32:30
  hold assets and the most available hard asset for
• 32:33
  everyone out there is Bitcoin. So hey, if you aren't saving in
• 32:37
  Bitcoin, you might want to get some because it looks like
• 32:40
  Bitcoin is demonetizing everything.
• 32:43
  All roads lead to Bitcoin and everything is going to zero
• 32:46
  against Bitcoin. Amen.
• 32:48
  Beautifully, beautifully said. And I would just just a comment
• 32:51
  about the, the, the, the house thing, right?
• 32:54
  I mean, again, like for my generation, I think it's been me
• 32:59
  and Opti's generation, the millennial generation and the
• 33:01
  zoomer generation. Like it's, it's just crazy.
• 33:04
  Like it's nuts, right? Like we're the 1st generation
• 33:08
  that I would say we feel poorer than our parents.
• 33:11
  And again, it's not because the system is broken or markets are
• 33:15
  broken or because we need more government intervention or any
• 33:18
  of that. It's literally because the money
• 33:20
  is broken. The money is like it's, it's
• 33:23
  forcing people to it, it, it's just messing everything up,
• 33:28
  right? Whether it's the food Sailor
• 33:29
  just explained exactly why housing prices are are as high
• 33:33
  as they are because you don't have a choice, right?
• 33:36
  Like if you had a choice between parking your, you know, excess
• 33:41
  wealth in Bitcoin versus parking your excess wealth in something
• 33:45
  else, I would say the vast majority of people over time are
• 33:49
  going to park their excess wealth in Bitcoin.
• 33:53
  And then of course, that's going to demonetize Bitcoin over time.
• 33:56
  And then that kind of fixes the whole housing situation.
• 33:59
  Like that's why housing is, you know, I would say, so
• 34:02
  unaffordable. It's not because like
• 34:04
  technically the world has gotten richer in the last 20 or 30
• 34:08
  years, but no ones really seen that, right?
• 34:11
  So again, it's, it's Fiat money. It's it, it messes up all the
• 34:16
  ways that you can analyze the numbers.
• 34:18
  It, it just, it kind of messes everything up, right?
• 34:21
  So anyways, fix the money, fix the world is not an exaggerated
• 34:25
  statement and you know, saving Bitcoin and look with the
• 34:29
  awesome part too is me and Opti are millennials, right?
• 34:32
  Like bitcoins giving us hope, like we actually have hope for
• 34:34
  the future. Like the meme that was coming
• 34:38
  out of the World Economic Forum, like that thing was so true.
• 34:41
  Like, you know, nothing. They really, really meant that.
• 34:44
  Like they truly meant that, right?
• 34:47
  And my counter is own Bitcoin and be happy, right?
• 34:51
  That sounds much better than own nothing and be happy.
• 34:53
  But then who owns everything if no one owns nothing, right?
• 34:56
  That's a good question. Yeah.
• 34:58
  That's the question no ones asked.
• 34:59
  Well, who owns all the stuff that we're renting?
• 35:02
  Who owns everything, right? If we don't own it, then who
• 35:04
  owns it? Anyways, guys, we're about to
• 35:06
  break 100 likes. So if you guys are enjoying the
• 35:09
  show so far, we're at 1500 live viewers between YouTube Rumble
• 35:13
  and X Make sure to smash that like button.
• 35:16
  Really, really helps with the algos.
• 35:19
  Guys, we have tons to talk about.
• 35:21
  So much news on today's show. Tether apparently is relocating
• 35:27
  to El Salvador. We'll talk about that and also
• 35:30
  Ron Paul bombshell article dropped any the name of the
• 35:35
  article is it's time to call inflation by its real name
• 35:40
  theft. I mean, excuse me, that's
• 35:43
  something that Bitcoiners, I've been saying for quite a while
• 35:46
  now, we're going to keep hammering that point on What's
• 35:50
  wrong with society these days is isn't more government.
• 35:54
  It isn't red, it isn't blue, it isn't left.
• 35:57
  It isn't right, isn't liberal, it isn't conservative.
• 36:00
  It's the broken money. You fix the money, you fix a lot
• 36:03
  of these problems. People are able to achieve their
• 36:06
  hopes, their desires, prosperity.
• 36:08
  And again, it's not a, a 24 hour fix.
• 36:12
  It takes time huddling, you know, you got to earn your
• 36:15
  stripes. This is a this is a long term
• 36:17
  process, but at least it gives you a shot.
• 36:21
  At least it gives you the opportunity to save up for the
• 36:25
  future, unlike, you know, Fiat currency.
• 36:27
  All right, everybody, let's get to the news.
• 36:29
  We have tons to talk about. Let's check it out.
• 36:31
  Here we go. I want to give a very special
• 36:34
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  All right, everybody here is Opti and he has the passport in
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  Guys, you want to take self custody of your Bitcoin.
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  If it's not in self custody, it's in someone else's custody.
• 38:43
  Don't put yourself in that position position from a code,
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  simply head over to passport today all right everybody Tether
• 38:48
  license in El Salvador strengthening focus on emerging
• 38:52
  markets and innovation Tether and its subsidiaries are about
• 38:55
  to complete all formalities to relocate to El Salvador
• 39:00
  following the successful acquisition of a digital asset
• 39:04
  service provider license and as a stable coin issuer, marking a
• 39:08
  step in tether's journey to foster global Bitcoin adoption.
• 39:12
  This strengthens tether's position in one of of the
• 39:14
  world's most forward thinking markets and fosters the
• 39:17
  development and implementation of cutting edge solutions more
• 39:21
  efficiently in a dynamic environment where innovation
• 39:24
  thrives. It underscores the company's
• 39:26
  dedication to leveraging bitcoins transformative
• 39:29
  potential as it drives growth in emerging markets.
• 39:33
  All right, here is so some comments here, right?
• 39:38
  So us Bitcoiners had a theory a couple years ago as it relates
• 39:46
  to emerging markets. Our theory was that in emerging
• 39:50
  markets there was going to be rampant Bitcoin adoption because
• 39:54
  the local Fiat currency was such poo poo.
• 39:59
  What happened instead was you saw massive adoption of stable
• 40:06
  coins, specifically Tether, right?
• 40:08
  So. And a lot of Bitcoiners feel a
• 40:12
  certain way about it. And in a way, they they're
• 40:14
  right, because Tether is inherently centralized.
• 40:17
  If something is inherently centralized, it can and.
• 40:20
  Will. Be inevitably Co opted it's
• 40:23
  inevitable right the government's going to put
• 40:25
  pressure it starts to censor like This is why this bitcoins
• 40:30
  decentralization is so key. However, the argument that I've
• 40:34
  made and the argument that Samsung Mao has made as well is
• 40:39
  what's what Tether is, is a Trojan horse.
• 40:42
  It's a stepping stone to if you are in a, in, in a developing
• 40:47
  market, developing world and you don't have the privilege that we
• 40:50
  have in the West where the, the, the, the Fiat currencies
• 40:56
  inflation rate is somewhat stable.
• 41:01
  It's, or let me just put it this way, the inflation rate isn't
• 41:05
  big enough for you to realize you're being stolen from on a
• 41:08
  daily basis. So the incentive to seek an
• 41:10
  alternative isn't quite there yet.
• 41:12
  It's not there. You don't really have it.
• 41:14
  You're like, OK, you know, 2% a year, you don't really notice
• 41:17
  it, right? Of course, Bitcoiners are like,
• 41:19
  dude, 2%, it compounds. It's theft, like absolutely
• 41:23
  right. And if you save in Bitcoin,
• 41:24
  like, you know, you're not even going to get dinged by the whole
• 41:27
  inflation argument. However, what I will say is if
• 41:31
  you're dealing with 1015 twenty 30% inflation and all of a
• 41:36
  sudden you have the opportunity to use dollars, you're going to
• 41:41
  use dollars. And the reason it's so
• 41:44
  significant is because it gives people exposure to a digital
• 41:49
  wallet. And that's massive because and
• 41:53
  all of a sudden their account isn't with the bank.
• 41:56
  Their account is a wallet they just downloaded from an App
• 41:58
  Store and they can now send and receive money from anywhere
• 42:01
  around the world. It's a game changer.
• 42:04
  And The thing is, once they adopt dollars, all roads lead to
• 42:07
  Bitcoin because it's just going to be a couple of years until
• 42:11
  they realize, you know what, like I understand what they mean
• 42:15
  now, this two 3% inflation thing is a scam.
• 42:19
  And then they're going to adopt Bitcoin.
• 42:21
  But their situation was so bad initially that for them, like
• 42:26
  dollars is, is the salvation, right?
• 42:28
  That's that's what at least the data's showing what why I
• 42:32
  believe stable coins have been so, so widely adopted.
• 42:36
  So I think it's a very positive that they're moving to El
• 42:41
  Salvador. Of course, El Salvador is
• 42:43
  Bitcoin country. And I also really big fan of
• 42:47
  Tethers recent investment in Rumble and Rumble's a free
• 42:52
  speech platform. All of this is interconnected by
• 42:54
  the way. So, you know, I think this is a
• 42:58
  net positive for the industry. I know Opti, you know, has
• 43:01
  different feelings, but that's my take on it.
• 43:05
  And then we'll get to the Ron Paul quote.
• 43:08
  I mean the Ron Paul article. Yeah, yeah.
• 43:11
  Well, I'm not going to go on a, you know, tethered tirade right
• 43:13
  now. So that's for another show.
• 43:17
  I think this is huge for El Salvador.
• 43:19
  Really this is huge news story coming out of El Salvador.
• 43:23
  And also when you couple that not only did tether invest a
• 43:26
  significant portion of capital into Rumble, but Rumble also
• 43:31
  announced over the weekend. I forget when exactly whether it
• 43:33
  was Thursday or Friday at some point, but some point at the end
• 43:36
  of last week or maybe it was over the weekend.
• 43:38
  I forget I'm I'm losing my my times.
• 43:40
  You know, it's all it's all block time.
• 43:42
  It's all one time here at simply Bitcoin.
• 43:43
  But they also announced that they're doing a rumble AI cloud
• 43:48
  service data center project in El Salvador.
• 43:51
  So this is absolutely huge for El Salvador.
• 43:54
  And it really goes to what we've been staying here for a long
• 43:57
  time in terms of Bitcoin is where capital is treated best,
• 44:00
  where a country has favorable regulations.
• 44:02
  You know, businesses and entrepreneurs will go to that
• 44:05
  country. And it's looking like Buckele is
• 44:08
  setting up El Salvador to really, you know, leapfrog a lot
• 44:12
  of countries and, and really be freedom country of the world.
• 44:14
  You know, Rumble, I, we love Rumble.
• 44:17
  They're they're a freedom of speech platform.
• 44:19
  And you know, even with my, you know, more pessimistic take on
• 44:24
  tether, I think this is huge. And it really goes to show what
• 44:28
  we've been talking about. And maybe Nika, this is the
• 44:30
  portion where we bring up the sovereign individual again,
• 44:32
  because it's a, it's a perfectly, perfectly fitting
• 44:35
  quote here, But where capitals treated best, that's where
• 44:40
  entrepreneurs and businesses will flow.
• 44:41
  And El Salvador set themselves up to really be the freedom
• 44:45
  country of the world. And I think this is huge for not
• 44:48
  only innovation coming out of El Salvador, but, and I, I hate to
• 44:52
  use the like trickle down economy meme here, but obviously
• 44:55
  with more businesses coming into El Salvador, more freedom minded
• 44:58
  entrepreneurs coming to El Salvador, I think that's going
• 45:01
  to be huge for the country. And we're seeing that, Hey, El
• 45:03
  Salvador is really starting to look like a favorable place for
• 45:07
  businesses. And maybe like, you know, states
• 45:11
  like Delaware, etcetera are going to have a run for their
• 45:13
  money for companies incorporating in El Salvador
• 45:16
  versus other jurisdictions. And hopefully maybe, you know,
• 45:19
  we'll see in a week, basically once Trump's does take office,
• 45:22
  we'll see if the US is able to kind of stop the flow of capital
• 45:27
  and businesses going to the US. If we get a favorable
• 45:30
  jurisdiction, then the game theory is really starting to
• 45:32
  play out. And I think this is a very
• 45:34
  interesting development. This is huge for El Salvador,
• 45:37
  not only just the tether news, but the rumble news as well.
• 45:40
  And so, yeah, I think this is great.
• 45:42
  Like shouts out to Bukele. I would really love to see a
• 45:45
  leader like that in the US and. We can still.
• 45:51
  Stay hopeful. But yeah, this is huge for El
• 45:53
  Salvador. I would say coupled with the
• 45:55
  rumble news like this is big. This is big news for for freedom
• 45:59
  country. Obviously Buckele announcing and
• 46:02
  adopting Bitcoin is what kind of set the stage for all of this
• 46:06
  stuff. Now, with all that being said, I
• 46:08
  do have to drop a cynical meme here, Nico.
• 46:10
  You know, Buckele signed that IMF loan with the specifications
• 46:16
  of dropping the Chiva wallet. Well now I guess tethers filling
• 46:20
  that hole. I think, I think like to be
• 46:23
  fair, like I think like there's something there, there's
• 46:30
  something that people I think have to understand, right?
• 46:32
  Which is the world isn't black and white, it's full of grace,
• 46:36
  right? And I think we have to really
• 46:40
  kind of adopt free market principles to our thinking,
• 46:44
  right? Because at the end of the day,
• 46:47
  like, you know, we're Bitcoiners and we have to, we have to think
• 46:51
  about it, right? If we're not acknowledging the
• 46:55
  fact that Tether adoption is trumping Bitcoin adoption in
• 47:00
  developing countries, like you're not taking market data
• 47:05
  and applying it to your analysis and your theories, right?
• 47:08
  And then you have to ask yourself, why is that phenomenon
• 47:11
  happening, right? Well, it's because again, it's
• 47:15
  an education problem and it's a, it's a volatility thing.
• 47:18
  But I think Bitcoin's volatility over the long term is going to
• 47:20
  decrease. And because Bitcoin's a superior
• 47:23
  money, all roads lead to Bitcoin.
• 47:25
  But the reason that that tether is such a strong Trojan horse is
• 47:30
  because it exposes people to non sovereign alternatives and it
• 47:34
  exposes people to essentially sending and receiving digital
• 47:39
  assets on their phone right now. All that being said, is Tether
• 47:43
  an alternative to Bitcoin? No Why?
• 47:45
  Because it's not decentralized and secure.
• 47:47
  If it's not decentralized and secure, it will inevitably be Co
• 47:51
  opted and the rules will be changed.
• 47:54
  It's inevitable. It's an inevitability.
• 47:56
  So it's not a replacement. But you can't deny what the
• 48:01
  market conditions are and you also can't deny the fact that
• 48:05
  Tether has made some very positive investments, obviously
• 48:10
  towards El Salvador, but obviously towards Rumble.
• 48:13
  Rumble's a free speech platform. And I mean, you heard it in the
• 48:17
  press release itself. It's literally talking about not
• 48:20
  Tether adoption. It's literally talking about
• 48:22
  Bitcoin adoption, right? So again, you know, it's not so
• 48:27
  black and white. There's Grays to different
• 48:29
  things and you have to paint out the entire picture to really
• 48:34
  find out what the truth is. Now, is this good?
• 48:37
  Is this work? In an ideal world, me and Opti
• 48:39
  would just be like, you know what, if you're in Zambia, the
• 48:43
  whole country is just on a Bitcoin standard tomorrow, bro.
• 48:46
  That's that's what Bitcoiners have dreamed, but that's not
• 48:50
  what the reality is. Lightning's come a really long
• 48:53
  way. It's it's it's it's amazing.
• 48:56
  Is there adopt? Is there Bitcoin adoption in
• 48:59
  developing worlds? Absolutely.
• 49:01
  But you also can't discredit the stable coin adoption in in
• 49:05
  developing world. And I think I'm making the case
• 49:08
  here that that is a positive for Bitcoin in the long term.
• 49:12
  All right, everybody, before we move on to the culture, I do
• 49:15
  want to get to this Ron Paul article because again, like this
• 49:22
  is something that simply is, I mean, Ron Paul started the meme,
• 49:25
  OK? He started the meme.
• 49:26
  So we cannot take credit for this.
• 49:29
  All right, Ron Paul, the legend did this.
• 49:32
  But at the same time, I mean, saying the same thing.
• 49:36
  The headline is it's time to call inflation by it's real name
• 49:39
  theft. Inflation isn't a scary word.
• 49:43
  I mean, inflation isn't a scary word, is it?
• 49:45
  It makes you think of blowing up balloons for birthday parties,
• 49:48
  the Macy's Thanksgiving Parade, maybe helping a toddler get
• 49:53
  their water wings on before an adventure in the swimming pool.
• 49:56
  It sounds so inoculate. Or what was that Opti?
• 50:00
  Inoculus. Innoculus, right?
• 50:03
  Interesting. Innocuous.
• 50:04
  Innocuous. OK, there we go.
• 50:06
  Even so, in an economic sense, inflation is the deadliest
• 50:10
  danger we face today. Recently, it's been all over the
• 50:14
  news, so I'm sure you're aware of it.
• 50:16
  Even if you don't watch the news, you've seen your trips to
• 50:19
  the grocery store become noticeably more expensive over
• 50:22
  the last year. Today I'd like to share with you
• 50:25
  an important way to view the monetary phenomenon called
• 50:28
  inflation and help you understand exactly how it's
• 50:32
  stealing your future. Goes on to say I'm going to
• 50:35
  quote myself myself here. Stable money is a cornerstone of
• 50:39
  civilization. This man was before his effing
• 50:42
  time. It's incredible, dude.
• 50:44
  Let me say in order to plan for the future, you must know what
• 50:48
  your money will buy in the future.
• 50:50
  In order for businesses to decide whether to, say, make a
• 50:53
  big investment in constructing a new factory, they have to
• 50:57
  forecast forecast upfront expenses and future profits.
• 51:01
  In order to simply make make a transaction, you have to know
• 51:05
  the value of your money won't radically change while you're
• 51:08
  handing handing it over. Without stable money, households
• 51:12
  can't plan for the future. Businesses can't expand.
• 51:15
  Buyers and sellers lacked in the the necessary trust to simply
• 51:20
  complete a transaction now. Throughout most of American
• 51:24
  history, stable money meant physical gold and or silver
• 51:28
  coins and when paper was traded, that paper was a claim on either
• 51:32
  gold or silver. You could walk up to a bank and
• 51:35
  present your paper and demand cold hard cash and they have to
• 51:41
  hand it over. Now this is a great way to
• 51:43
  deliver money with stable purchasing power over time.
• 51:47
  Now this is fantastic for households and businesses.
• 51:50
  Can you guess who it's terrible for?
• 51:52
  Governments. The entire continent of Europe
• 51:56
  effectively abandoned the gold standard during World War One.
• 52:00
  This is why Bitcoiners say Fiat fuels endless wars.
• 52:05
  You can continue paying for the war if you can continue printing
• 52:09
  money. That's a lot easier than saying,
• 52:12
  hey, guys, we want to fight a war.
• 52:14
  You guys are going to have to fight in it.
• 52:15
  We're U.S. politicians like, Nah, we're OK and our children
• 52:20
  are OK. But you peasants, you have to
• 52:22
  fight our war. And by the way, we're going to
• 52:25
  tax you and your taxes are what's going to fund the war.
• 52:28
  People would not do it. They would just say, you know
• 52:31
  what, F that guy, let's vote him out.
• 52:33
  But the way they get away with it is the effing money printer
• 52:37
  because people don't realize that inflation is a taxation.
• 52:42
  Anyways, it goes on to say then again during World War 2 so they
• 52:46
  could print money to finance their armies. the US eventually
• 52:51
  followed suit in 1972 when President Nixon told Americans
• 52:56
  their money was no longer exchangeable for gold or silver.
• 53:00
  In other words, the US went to a Fiat currency system.
• 53:05
  In other words, a dollar has value because the government
• 53:08
  said so. This reminds me of something
• 53:11
  President Herbert Hoover once told FDR. We have gold because
• 53:15
  we cannot trust governments. When gold was money, it was easy
• 53:19
  to know how much a government could spend.
• 53:21
  All you had to do was add up the dollars in circulation and
• 53:25
  compare it to the government's gold reserve.
• 53:27
  That's it. Simple math.
• 53:29
  Once we left the gold standard and entered the age of quote,
• 53:33
  it's money because I said so, we also entered the age of
• 53:37
  unconstrained government spending.
• 53:39
  Does that sound harsh? Let me show you a chart
• 53:42
  comparing the US debt today. I think the charts kind of
• 53:45
  messed up on this page, but anyways, it goes on to say since
• 53:48
  the end of the gold standard, the US national debt has
• 53:52
  increased almost 70 fold. Meanwhile, the purchasing power
• 53:57
  of each individual dollar is about 1/7 of what it was in
• 54:01
  1972. That's because every time the
• 54:05
  government prints new money, it doesn't make wealth.
• 54:08
  Only hard work creates wealth. Every single new dollar that
• 54:13
  rolls off the printing press reduces the value of every
• 54:16
  dollar in the world. Theft is not too strong a word.
• 54:21
  Imagine the government pass an executive order overnight that
• 54:24
  confiscated 8.5% of your money in the bank and your retirement
• 54:29
  account in your wallet. What would you do?
• 54:32
  How would you feel? I'm pretty sure I know exactly
• 54:35
  how you feel like you've been robbed.
• 54:37
  You feel like the power the people in power have decided to
• 54:41
  abuse that power. You'd be angry.
• 54:43
  You might engage in acts of civil disobedience, perhaps even
• 54:47
  civil, uncivil disobedience. Whatever you did, you do
• 54:51
  something. Such an astonishing overreach of
• 54:54
  government power, such an incredible abuse of personal
• 54:57
  property. It's not something any red
• 55:00
  blooded American would take lying down.
• 55:02
  We'd figure out a way to put a stop to it.
• 55:06
  Now, what if exactly the same thing happened, but without
• 55:09
  changing the balance in your bank account?
• 55:11
  Would you even notice? The truth is, most people watch
• 55:15
  their balance more closely than they watch the value of their
• 55:19
  money. If the balance goes down, it's
• 55:22
  easy to see if the value of your dollars if you're purchasing
• 55:25
  power decreases. You're unlikely to notice right
• 55:29
  away. Now here's what I want you to
• 55:31
  understand. This is exactly what the Federal
• 55:35
  Reserve has done. They have robbed you of the
• 55:37
  value of your money, even if they didn't affect the balance
• 55:41
  of your money. It might not be polite to say,
• 55:45
  but I firmly believed theft is not too strong a word to
• 55:49
  describe the effects of inflation on you and your
• 55:53
  family. I firmly believe that inflation,
• 55:56
  the ongoing destruction of your hard earned savings, is the
• 56:00
  greatest economic threat we face today.
• 56:05
  Lawrence Lappard. I did an episode with him, you
• 56:07
  guys loved it. Got 56,000 views on YouTube.
• 56:12
  He just wrote an entire book about this.
• 56:14
  The single greatest threat to you and your family.
• 56:18
  The future of America, the future of the world, is
• 56:23
  inflation. It is broken money.
• 56:26
  It is affecting every facet of society, whether that's housing
• 56:31
  crisis, migration crisis, like you name it, broken money is
• 56:37
  underneath. Go to the website What the F
• 56:40
  happened in 1971? And you can't look at me
• 56:45
  straight in the eye and tell me Nico, all of those things are
• 56:49
  coincidences now. What makes Simply Bitcoin
• 56:52
  different than all the liberal commentators or conservative
• 56:57
  commentators which are just doom and gloom errs?
• 57:01
  What makes our show different is that we are, we are providing
• 57:05
  you not only a way out, we're providing you hope.
• 57:08
  Because you don't need to wait for Trump to get inaugurated in
• 57:12
  seven days. You don't need to if you don't
• 57:14
  live in the United States. If you live in Canada, you don't
• 57:16
  need to wait for Trudeau to step down.
• 57:19
  If you live somewhere else, you don't need to wait for a
• 57:21
  politician. You can adopt Bitcoin now and
• 57:25
  save yourself from the theft that is inflation.
• 57:30
  And I promise you as me and Opti, you could, you could talk
• 57:34
  to me and Opti, you could hear my story.
• 57:36
  You can hear Opti's story. I've, I've been doing this for
• 57:39
  nine years. I've heard thousands of stories.
• 57:42
  You adopt A Bitcoin standard, your work and your energy will
• 57:47
  actually be valued. And the what you've been able to
• 57:52
  manage to save and what you've been able to manage to work for
• 57:58
  will actually extend into the future and will actually buy you
• 58:02
  the life that you worked for. And the reason that like you
• 58:07
  feel like you can't get ahead if you're new to Bitcoin is because
• 58:12
  not only do you have to pay income tax, property tax, sales
• 58:18
  tax, all the taxes, you also have to pay money tax.
• 58:24
  And none of us have agreed to that taxation.
• 58:29
  It is not in law. And that's why politicians, when
• 58:33
  they talk about it, they gas like the public.
• 58:37
  They say it was Putin. They say it's the war.
• 58:39
  They say it's grocery, They say it's consumers.
• 58:42
  Consumers are spending too much. They say it's a workers.
• 58:45
  Workers are asking for increasing wages and all that
• 58:48
  stuff. No, no, no, no, no.
• 58:51
  They are solely. I'm going to say this one time.
• 58:56
  The government is the sole cause of monetary debasement and
• 59:02
  inflation. Nobody else is.
• 59:05
  Why? Because the government is the
• 59:07
  only one that could print and issue money.
• 59:12
  If you do it, you go to jail. They're the only ones that have
• 59:17
  the ability to do so. And every time they do it, what
• 59:21
  they're doing is they're debasing the currency.
• 59:25
  The $100 in your account stays exactly the same, but what that
• 59:29
  $100 can purchase is a lot lower.
• 59:33
  And every year it goes lower. So next year that $100 is worth
• 59:39
  97, the following year it's worth 92.
• 59:43
  And it just compounds over time. What type of racket is this?
• 59:47
  It's, it's, it's on, it's incredible.
• 59:49
  It's, it's, it's absurd. It's criminal.
• 59:52
  Like I would say it's criminal. It's a very strong statement
• 59:56
  that I'm saying it is criminal. Anyways guys, if you guys are
• 59:59
  enjoying the show so far, I thought you guys would love that
• 1:00:03
  episode on Monday. Make sure to smash the like
• 1:00:07
  button. We just broke 405 live viewers
• 1:00:10
  on YouTube. Appreciate y'all.
• 1:00:12
  We're at 159 likes. Smash the like button.
• 1:00:15
  Help us break 200 likes within the first hour of the show.
• 1:00:18
  Also shout out to our Rumble audience. 85 of you guys
• 1:00:21
  watching live. We love you.
• 1:00:23
  We appreciate you guys and of course our Twitter audience as
• 1:00:26
  well. We're up to almost 2000 live
• 1:00:29
  viewers across all platforms, so make sure to smash that like
• 1:00:33
  button. Opti.
• 1:00:34
  I got to apologize, brother. I feel like that was encroaching
• 1:00:37
  into the culture side of things. Yeah, you literally stole my
• 1:00:41
  article. No, no, no, wait.
• 1:00:44
  Did I fuck? This is this is news.
• 1:00:46
  This is news. I feel like that encroached into
• 1:00:49
  the culture side of the show. But when I read that article
• 1:00:53
  this morning when we were prepping for the show, it hit me
• 1:00:56
  to the core because this is a man who has been talking about
• 1:01:02
  this problem since the 1970s. Bro, the dude's like 8090 years
• 1:01:08
  old. He still has a YouTube channel.
• 1:01:09
  He's like, inflation is theft, you know, like he stayed on
• 1:01:13
  message. Ron Paul is a legend.
• 1:01:15
  He started it all. It's our responsibility as the
• 1:01:18
  next generation. Because remember, Ron Paul's
• 1:01:22
  tool to fight this theft was gold.
• 1:01:26
  Our tool to fight this theft is Bitcoin.
• 1:01:30
  And Bitcoin is a much better tool.
• 1:01:33
  By the way, this only applies if you're taking Bitcoin to self
• 1:01:36
  custody. That's how you're going to
• 1:01:38
  protect yourself the most anyways.
• 1:01:40
  Been ranting Opti hit this hard bro.
• 1:01:43
  What's your what's your opinion? Is Ron Paul right?
• 1:01:46
  Is inflation theft? Well, Ron Paul is the original
• 1:01:50
  go and then there is some some debate in the chat about Ron
• 1:01:54
  Paul not being fully orange pale guys.
• 1:01:56
  Like Nico just said he's 90 years old.
• 1:01:58
  He's basically been a gold bug for like twice my life.
• 1:02:02
  You know, old habits do die hard, but we are taking up the
• 1:02:06
  baton here as Bitcoiners and this is what this is all about.
• 1:02:10
  This is why Bitcoin kind of got into the libertarian circles in
• 1:02:13
  the 1st place is because we all understand that the real problem
• 1:02:17
  right now is the fact that Fiat money is stealing all of our
• 1:02:20
  wealth. This is a you what, what do we
• 1:02:22
  say, Nico? Fiat money is a wealth
• 1:02:23
  redistribution mechanism to the top.
• 1:02:26
  Those closest to the money printer are the ones that are
• 1:02:29
  able to essentially, you know, pump their bags and their
• 1:02:32
  assets. And if you get the money first,
• 1:02:34
  then you, you know, you're the God king here on planet earth
• 1:02:37
  right now. And I really like that Ron Paul
• 1:02:40
  in that article essentially said what Fiat means.
• 1:02:44
  You know, it's money by decree. It's literally your master's
• 1:02:47
  telling you this has value because we say so.
• 1:02:50
  And this is the the pinnacle problem that we're seeing right
• 1:02:53
  now. And This is why social media is
• 1:02:55
  going through an upheaval right now is because now, as you know,
• 1:02:58
  Elon's been saying, and as everyone knows, I'm not the
• 1:03:01
  biggest Elon fan here, but you are the media now.
• 1:03:03
  And This is why the powers that be are freaking out about the
• 1:03:06
  controlled media. We're seeing corporate press
• 1:03:08
  lose their minds about the fact that no one listened to them
• 1:03:11
  anymore is because the Fiat system needs these institutions.
• 1:03:15
  They need these talking heads. They need the suits to continue
• 1:03:18
  to gaslight you. So you believe that this paper
• 1:03:21
  has value. And I really like this quote in
• 1:03:24
  here. And it this is probably the
• 1:03:25
  message that we should continue to harp on.
• 1:03:28
  Every single one of us should take this meme and spread it far
• 1:03:30
  and wide. And it is stable.
• 1:03:32
  Money is the cornerstone of civilization.
• 1:03:35
  And This is why we're seeing in the world right now that there
• 1:03:38
  is a lot of social upheaval. You're starting to see that, you
• 1:03:42
  know, it looks like the Western world is, you know, crumbling
• 1:03:45
  and collapsing right now under the weight of Fiat currency.
• 1:03:48
  They are printing way too much money.
• 1:03:50
  The debt is getting out of control.
• 1:03:52
  We all saw, at least in America, that inflation was one of the
• 1:03:56
  big presidential topics is because people are getting
• 1:03:58
  poorer and poorer, yet we're working more and more.
• 1:04:01
  And somehow we're still not able to basically keep our heads up
• 1:04:05
  and afloat. Right now.
• 1:04:06
  The middle class is. I'm decimated.
• 1:04:08
  I'm sorry, sorry to interrupt you.
• 1:04:10
  We can see it, bro. You got me hyped up.
• 1:04:12
  We can see it. Why can we see it?
• 1:04:14
  Look, let me explain this to you guys, right?
• 1:04:16
  And this was Jeff Booth who told me this.
• 1:04:19
  And I swear to God, you literally saw my mind blown on
• 1:04:23
  the podcast. But essentially Jeff Booth makes
• 1:04:27
  the argument that Bitcoin is the only thing that's going to
• 1:04:31
  properly value your time, right? So look, if you're using Bitcoin
• 1:04:37
  as your money, as your unit of account, look, look at this,
• 1:04:41
  look at this, right? Like commodity, let's go with
• 1:04:44
  commodities, right? So oil, let's go with housing,
• 1:04:47
  right? Like if you're saving in Bitcoin
• 1:04:51
  on A5 year time scale, that house got 94% cheaper on a three
• 1:04:58
  years, a three-year time scale, 81% cheaper.
• 1:05:01
  That's you primary SMP file. Everything, everything,
• 1:05:04
  everything just gets cheaper against Bitcoin.
• 1:05:07
  Everything gets cheaper. And but that's the way money
• 1:05:09
  should work. That's the way money should
• 1:05:12
  work. I look, you shouldn't be forced
• 1:05:16
  to become a part time investor just to maintain your purchasing
• 1:05:20
  power. Like, look, if you're a painter,
• 1:05:24
  if you're a plumber, right, and you've honed or me and Opti,
• 1:05:29
  right, we're Youtubers, we're content creators, we're talking
• 1:05:32
  heads, whatever you want to call us.
• 1:05:36
  What the, what the F do we know about finance?
• 1:05:39
  Like, OK, fine, we're Bitcoin Youtubers, so it's a little bit
• 1:05:42
  different. But let's say me and Opti were
• 1:05:44
  like EE girls or whatever. And we were just like just
• 1:05:47
  showed up and like, we're just like, OK, you know what, we're
• 1:05:51
  going to play video games for a living and like all that stuff.
• 1:05:54
  And we were just like talking and let's say we were successful
• 1:05:59
  at it, right? And like, we're like, oh, me and
• 1:06:01
  Opti were like, dude, we're starting to make money.
• 1:06:03
  This is this is dope, right? And we had some extra savings.
• 1:06:08
  The what the norm is right now is, oh, Nico, with that extra
• 1:06:13
  savings, you should buy some real estate.
• 1:06:16
  You should put your money in an index fund and let your money
• 1:06:20
  grow for you. Why?
• 1:06:23
  That is insane. People do say that, that any
• 1:06:27
  kind. We, I know, so we live.
• 1:06:28
  We live in a world where the population has been psyopped
• 1:06:34
  into thinking that you, even though this is not your
• 1:06:37
  speciality, have to learn how to invest to just maintain your
• 1:06:45
  money. Not even grow your money just to
• 1:06:46
  maintain your money. Bitcoiners are basically saying
• 1:06:50
  listen, be the plumber, be the painter, be the artist, focus
• 1:06:55
  and hone in on your craft and all you got to do is the excess
• 1:07:00
  income, put it into Bitcoin as savings.
• 1:07:04
  That's it, that's it. It like it's so simply Bitcoin.
• 1:07:10
  It's in the, it's in the, it's in the effing name, right?
• 1:07:14
  So anyways, wanted to read that article.
• 1:07:17
  Want to give you that context. I would say I love the
• 1:07:21
  conservative commentary. I love the liberal.
• 1:07:24
  The liberal commentary is interesting.
• 1:07:28
  And these are great. These are great, you know, great
• 1:07:31
  creators on both sides, but they don't provide you a solution.
• 1:07:36
  It's all doom and gloom. And I think their hearts are in
• 1:07:39
  the right place. By the way, I voted for Obama
• 1:07:42
  twice, OK, Grip. And I think the hearts are, I
• 1:07:48
  think their hearts are in the right place and I think the
• 1:07:50
  conservative hearts are in the right place too.
• 1:07:54
  But Bitcoiners actually have a solution to this problem.
• 1:07:58
  Bitcoiners have the solution to one of the world's toughest
• 1:08:02
  problems. And of course, it's Bitcoin.
• 1:08:05
  And it's really simple. Simply Bitcoin dollar cost
• 1:08:08
  average every single day. Do it for at least four years,
• 1:08:12
  your life will improve. Do it for eight years, you're
• 1:08:14
  going to be relatively wealthier to the people around you because
• 1:08:19
  you're on a Bitcoin standard. Simple as that.
• 1:08:21
  Anyways, that's the I do. Want to say one last thing?
• 1:08:24
  Simple. It's complicated.
• 1:08:25
  I want to say it's complicated. This is why on the Friday show,
• 1:08:31
  I brought up the Janet Yellen gaslighting about inflation is
• 1:08:34
  because I think this is the pivotal message to get across to
• 1:08:37
  everyone out there. Obviously people are feeling the
• 1:08:39
  pain of inflation, but it's hard for them to pinpoint what is the
• 1:08:43
  actual problem when they are getting distracted by every
• 1:08:46
  other solution or problem out there.
• 1:08:47
  There's a lot of problems in the world right now.
• 1:08:49
  Obviously the fix the money, fix the world name isn't going to
• 1:08:52
  fix everything, but that is where we need to start and
• 1:08:56
  everything will follow suit. And while you were going, Nico,
• 1:08:58
  I was reminded of the quote attributed to Henry Ford.
• 1:09:02
  And I think this is the perfect way to send this off before we
• 1:09:04
  go into the culture is, you know, again, this is attributed
• 1:09:07
  to Henry Ford. There's debate here.
• 1:09:08
  But the quote is it is well enough that people of the nation
• 1:09:11
  do not understand our banking and monetary system.
• 1:09:14
  For if they did, I believe there would be a revolution before
• 1:09:18
  tomorrow morning. And this is the central message
• 1:09:20
  that I think most people don't understand.
• 1:09:23
  They don't understand how the banking system works.
• 1:09:25
  They don't understand how money works.
• 1:09:27
  It is complicated by design when you can really break things down
• 1:09:30
  in you know 5th grade language and people understand the real
• 1:09:33
  problem here. I am convinced that more people
• 1:09:36
  and the majority of people are going to start saving in Bitcoin
• 1:09:39
  and they will live a better life and this is the starting point
• 1:09:42
  and then we can figure out everything else after the fact.
• 1:09:44
  As we said earlier, Ron Paul said Fiat money is by decree.
• 1:09:48
  They are telling you that this piece of paper has value.
• 1:09:51
  Well, we have opted out of that and we are opting into something
• 1:09:54
  that is hard cap that 21 million that cannot be debased that
• 1:09:58
  literally can't steal your value over time.
• 1:10:00
  It's actually designed to go up over time.
• 1:10:02
  I don't know, it seems like a novel idea.
• 1:10:04
  I, I like my savings going up. So anyways, let's get into the
• 1:10:08
  culture, Nico. Yeah guys, let's get to the
• 1:10:11
  culture. I'm excited.
• 1:10:12
  I don't know what opt he's going to cover today, but I'm
• 1:10:14
  definitely looking forward to it.
• 1:10:15
  We will be right back and also we're on the verge of breaking
• 1:10:18
  200 likes on YouTube broke 400 live viewers.
• 1:10:21
  So guys, if you guys are watching on YouTube, smash that
• 1:10:24
  like button. If you guys are watching on
• 1:10:26
  rumble smash that like button. If you guys are watching on X
• 1:10:29
  smash the like button and of course share the video comment,
• 1:10:32
  whatever you guys want. The the the live chats are very,
• 1:10:35
  very lively. All right, everybody, let's get
• 1:10:38
  to the culture. Tons to talk about.
• 1:10:39
  We'll be right back. I want to give a shout out to
• 1:10:42
  our sponsor, Hive Digital Technologies.
• 1:10:45
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  All right, everybody, I also want to tell you guys about our
• 1:11:33
  sponsor bit Block Boom Guys is going to be one of the best
• 1:11:37
  Bitcoin conferences of the year. It's actually the first
• 1:11:41
  conference where me and Opti met each other in person.
• 1:11:45
  So it's very, very dear to not only simply Bitcoins history,
• 1:11:49
  but also me and Opti's brotherhood and friendship.
• 1:11:53
  So guys definitely don't want to miss it.
• 1:11:55
  I think me and Opti, I think we, we've reached a level where we
• 1:11:58
  can get separate rooms. Now at the time we were broke.
• 1:12:04
  So, you know, we had to share a room.
• 1:12:06
  Of course, you know, queen beds, separate beds.
• 1:12:08
  But but yeah, I mean, yeah, guys definitely don't want to miss
• 1:12:13
  this conference. It's going to be a a big Bitcoin
• 1:12:16
  celebration April 3rd through the 6th of 2025.
• 1:12:20
  It's going to be in Dallas, TX. It's going to be awesome.
• 1:12:23
  And again, they have an axe throwing contest of the day at
• 1:12:28
  shooting range. They they have a BBQ.
• 1:12:32
  Of course they have the conference day.
• 1:12:34
  We're going to be live streaming the entire conference on the
• 1:12:36
  Simply Bitcoin channel, The Nico Opti, Rustin Dante, we're all
• 1:12:42
  going to be there guys. It's going to be awesome.
• 1:12:44
  And I, and I hope to see you guys in the flesh in Dallas, TX,
• 1:12:47
  April 3rd through the 6th. Get your tickets quickly because
• 1:12:50
  the tickets do increase. But I got good news.
• 1:12:53
  If you use promo code BBB 21, you get $100 off of your
• 1:12:59
  tickets. So you want to get those tickets
• 1:13:01
  quickly. Anyways, I'm going to give Opti
• 1:13:04
  the floor. Opti what is the culture about
• 1:13:05
  today, my friend? Yeah, yeah.
• 1:13:07
  So appreciate it. Thank you, guys.
• 1:13:10
  I dropped the wait to decide. I think I dropped the poll here
• 1:13:14
  on YouTube and we got to get these numbers up.
• 1:13:17
  I I have to do this every once in a while, so I am yeah, I I am
• 1:13:21
  going to do that. I am once again here to tell you
• 1:13:26
  why you need to run a node. So the poll here is on YouTube
• 1:13:30
  and I asked you guys on Rumble. Only a few people responded, but
• 1:13:33
  a very simple poll guys. Do you run a Bitcoin node?
• 1:13:36
  There is about everyone watching this show right now, about 400
• 1:13:40
  people of you, 400 of you guys that that responded to this,
• 1:13:43
  it's really 359. But 23% of you guys say yes, you
• 1:13:48
  do run a Bitcoin node and 76% of you guys that hang out with us
• 1:13:52
  every single day say no, you do not run a Bitcoin node.
• 1:13:55
  So before I go into this, why you need to run a node, will you
• 1:13:59
  comment in the chat why you don't run a node?
• 1:14:02
  And maybe we'll talk about that after I go through this.
• 1:14:05
  So I saw this good quote here, a good thread and shout out to my
• 1:14:08
  boy. I, I don't know what his name is
• 1:14:10
  right now, but it's usually, you know, Opti's Big Mac reserve,
• 1:14:14
  Opti's reserve of central bank girlfriend I opt is something
• 1:14:18
  trolling me in the chat. He's not here today, but he's
• 1:14:20
  telling me on Twitter that we need to talk about nodes again
• 1:14:23
  on the show. I guess I haven't talked about
• 1:14:24
  nodes for a while on the show and today I'm not necessarily
• 1:14:28
  going to do you know how to run a node.
• 1:14:30
  It's more about the why you should run a node because the
• 1:14:32
  how is pretty simple. I will kind of give you some
• 1:14:34
  options at the end, but the main point and This is why I need to
• 1:14:39
  keep doing this constantly is because the numbers are showing.
• 1:14:41
  Even people that hang out with us every single day aren't
• 1:14:44
  running Bitcoin nodes and we need to get those numbers up.
• 1:14:48
  Gotta pump those numbers up. And then on the weekend I saw a
• 1:14:51
  great, great thread here. You know, it's a short thread by
• 1:14:54
  my node. Shout out the my nodes over
• 1:14:56
  there a way to run a Bitcoin and lightning node.
• 1:14:58
  And they did a thread here, you know, short Twitter post of why
• 1:15:01
  you should run a Bitcoin node and it goes first tweet.
• 1:15:05
  How does a Bitcoin node prevent invalid blocks from being added
• 1:15:08
  to the blockchain? A node checks every block
• 1:15:11
  against the Bitcoin consensus rules before accepting it.
• 1:15:14
  It verifies things like block size transaction, but valid
• 1:15:17
  validity and proof of work. If even one transaction is
• 1:15:21
  incorrect, the entire block is rejected.
• 1:15:23
  This is how nodes ensure miners can't cheat the system, keeping
• 1:15:27
  the blockchain honest and immutable.
• 1:15:29
  Now it's not just enough to run a node.
• 1:15:31
  It's not just enough to have a node out there that you call
• 1:15:34
  your own. You need to validate your
• 1:15:37
  transactions coming in with your personal node.
• 1:15:40
  And that's how you are using Bitcoin now, my boy, Mr. Hoddle
• 1:15:44
  on Twitter, he's a little more militant than I am, but I I
• 1:15:47
  totally agree with this message. And Mr. Hallo goes either you're
• 1:15:52
  self validating, literally using the Bitcoin network, literally
• 1:15:55
  running your own node or someone else is doing it for you.
• 1:15:58
  You must be running a Bitcoin node to use the Bitcoin network.
• 1:16:02
  Now there is different portions here.
• 1:16:04
  Yes, of course, you know, you can protect your purchasing
• 1:16:06
  power by getting some capital into Bitcoin.
• 1:16:09
  You can achieve the number go up aspect of Bitcoin and and that's
• 1:16:13
  one aspect of this, but the second aspect is you need to be
• 1:16:17
  running a node to to validate and verify your own
• 1:16:21
  transactions. It's not just enough to have a
• 1:16:24
  node out there, you need to connect your Bitcoin wallets to
• 1:16:27
  that node so that when you send Bitcoin 1, you know it's
• 1:16:31
  actually Bitcoin and two that you are self validating these
• 1:16:35
  transactions. The more economic nodes we get,
• 1:16:38
  the more people using those to validate their transactions, the
• 1:16:42
  more decentralized and robust a network a Bitcoin network gets.
• 1:16:45
  This is. I mean, you could argue that
• 1:16:47
  this might be the most important aspect, obviously taking Bitcoin
• 1:16:51
  into self custody. But you want to take Bitcoin
• 1:16:54
  into self custody, validating these transactions with a node
• 1:16:57
  that you control. So you are not trusting a
• 1:17:00
  middleman. Remember the Bitcoin white paper
• 1:17:03
  the Internet works and payments on the Internet work because of
• 1:17:06
  a high trust society, but we are trusting third parties eliminate
• 1:17:10
  the middle men stop trusting someone else.
• 1:17:12
  Yes, there is levels to this. If you don't think you are, you
• 1:17:15
  know technically savvy enough, then maybe get in touch with
• 1:17:18
  someone in your family that is technically savvy.
• 1:17:20
  That is a big corner and they can Uncle Jim you they can
• 1:17:23
  validate your transactions with their node.
• 1:17:25
  I think this is a good kind of middle step.
• 1:17:28
  If you don't fully trust yourself, it's really not that
• 1:17:30
  complicated. But you need to run a node.
• 1:17:33
  If you, you are an ardent bitcoiner, if you hang out with
• 1:17:36
  us every single day, and I would argue, you know, millennial like
• 1:17:39
  myself or younger or Gen. Xer, you should be running a
• 1:17:44
  note. It's really not that
• 1:17:45
  complicated. If I can do it, you can do it
• 1:17:48
  just takes a little time and you but this is one of the most
• 1:17:52
  important things. Again, either you are self
• 1:17:54
  validating literally using a Bitcoin node or someone else is
• 1:17:58
  doing it for you. You must use a Bitcoin node to
• 1:18:01
  use the Bitcoin network. It is just downloading software.
• 1:18:04
  There's many ways to do this. Obviously.
• 1:18:06
  I think it's kind of a rite of passage.
• 1:18:08
  If you go to bitcoin.org and I have to set up, this is a
• 1:18:11
  homepage here for you guys. You go up here to participate,
• 1:18:14
  you hit running a node and you get to this page.
• 1:18:16
  At the very least, go read this. Go read this so you know why you
• 1:18:20
  need to run a Bitcoin node. I think it's again a rite of
• 1:18:23
  passage where everyone downloads a Bitcoin node.
• 1:18:26
  You do the initial block download, you sit there for a
• 1:18:28
  while on your computer and you get all the Bitcoin blocks and
• 1:18:32
  transactions from the very beginning.
• 1:18:34
  So you know you're a full participant of the Bitcoin
• 1:18:36
  network. It really it, it, this is free.
• 1:18:40
  You can do it on an old laptop, but if you want to have more of
• 1:18:44
  a personalized standing node that's always there verifying,
• 1:18:47
  always running the network connected to your Bitcoin
• 1:18:50
  wallets. Obviously we're huge fans of
• 1:18:52
  start 9. I love my server pure.
• 1:18:54
  It's in the other room, it's chilling, it's connected to all
• 1:18:57
  my Bitcoin wallets. You connected to your favorite
• 1:18:59
  Bitcoin wallets, you know, Electrum and Sparrow, all the
• 1:19:02
  good stuff. So there's the.
• 1:19:03
  Promo. Code down below, promo code
• 1:19:05
  there and. Give you a discount.
• 1:19:10
  This is really before I pass it over to Nico and I guess I
• 1:19:13
  should end this poll. These numbers are too high here
• 1:19:16
  of people not running Bitcoin nodes.
• 1:19:18
  If you are hanging out with us in the chat, I would say that
• 1:19:22
  one of your 2025 goals should be to run a Bitcoin node. 76% of
• 1:19:28
  you guys aren't running a node that hang out with us every
• 1:19:31
  single day. That number is way too high.
• 1:19:33
  We need to get you guys running more Bitcoin nodes, verifying
• 1:19:37
  your transactions for yourself, and stop trusting other people.
• 1:19:40
  OK, rant over Nico, take it. Yeah, yeah.
• 1:19:45
  First of all, absolutely crushed it.
• 1:19:46
  Monday morning Culture. Absolutely love it.
• 1:19:49
  This is why we named it the Culture very fitting for Opti.
• 1:19:54
  Opti is the culture. But look, you got it.
• 1:19:59
  Perhaps node is like an intimidating word.
• 1:20:04
  Look, all running a node is is like you could, you're just
• 1:20:10
  running Bitcoin software. OK, you could do this on your
• 1:20:13
  Mac, You could do this on your PC, right?
• 1:20:18
  And as you're running the Bitcoin software?
• 1:20:22
  You're running a node, right? Ideally you don't want to run a
• 1:20:27
  node or you don't want to run the Bitcoin software on your
• 1:20:32
  day-to-day computer because bitcoins are pretty hefty
• 1:20:35
  software and you obviously you want it to be plugged, you want
• 1:20:39
  to be, you want it to be synced to to the blockchain all the
• 1:20:42
  time. So what we recommend is getting
• 1:20:46
  a dedicated computer that is just literally like its purpose
• 1:20:54
  is just to run the Bitcoin software, right?
• 1:20:59
  With Start 9. They're incredible.
• 1:21:01
  It gives you more functionality. So it's not just a Bitcoin node,
• 1:21:04
  it's also a server, right, that you can connect to remotely
• 1:21:08
  anywhere across the world. You can run your node, the
• 1:21:12
  Bitcoin software to Tor. So people don't know that you're
• 1:21:16
  running Bitcoin at your home IP address and that's essentially
• 1:21:21
  how the Bitcoin network works, right?
• 1:21:23
  I, I mentioned earlier, I said Bitcoins decentralisation is
• 1:21:28
  key. The decentralisation falls on
• 1:21:31
  you, right? If you become one more node in
• 1:21:35
  the network, Bitcoin becomes more decentralised.
• 1:21:39
  Like that's the whole point. So if you're a little bit
• 1:21:42
  intimidated and you're like dude, like this self custody
• 1:21:45
  shit is already like too big. Now you're talking about node.
• 1:21:48
  Like what does that even mean? It's just a computer that is
• 1:21:52
  running the Bitcoin software. That's all a node is, right?
• 1:21:57
  And we've come a very long way in the last five years.
• 1:22:01
  When we and Octi were doing this, there was no companies
• 1:22:04
  that focused on making devices. I'll tell you the device I run,
• 1:22:09
  I run the Start 9, the server pure.
• 1:22:11
  It's right here people. You know what I what Start 9 is
• 1:22:16
  pretty cool about is that their software is open source.
• 1:22:20
  So let's say you don't want to buy a computer from them.
• 1:22:22
  Let's say you have an old computer and you're like Nico,
• 1:22:24
  I'm not using this computer for anything else.
• 1:22:26
  It's just sitting there. You could download the Start 9
• 1:22:30
  software onto that computer and you could just run a node or you
• 1:22:34
  can actually just go to bitcoin.org and just download
• 1:22:37
  the Bitcoin software from the website there and then run it on
• 1:22:40
  your computer too, right? So you could do it in a variety
• 1:22:44
  way. You can do it on your daily
• 1:22:45
  driver. Let's say you know, like you
• 1:22:47
  have a desktop and that desktop is always on.
• 1:22:51
  You can run it on there. I suggest you don't do that
• 1:22:54
  cause again, Bitcoins a somewhat heavy software and if your
• 1:22:58
  device isn't beefy enough, you know it, it could be taxing on
• 1:23:02
  the device itself. So and then let's talk a little
• 1:23:06
  bit about like what Opti was saying and he was quoting Mr.
• 1:23:10
  Hoddle's tweet. Like every time you send a
• 1:23:13
  Bitcoin transaction, it's going through a node.
• 1:23:17
  There's no other way, right? So if you are using Blue Wallet
• 1:23:22
  on your phone, if you're using Sparrow on your laptop, if
• 1:23:26
  you're using Electrum for the for the people that still use
• 1:23:30
  Electrum and you're broadcasting a transaction, it is going
• 1:23:34
  through a node. Every time it goes through a
• 1:23:38
  node, you are doxing the fact that you have that Bitcoin and
• 1:23:42
  you're doxing your balance. Because what these software,
• 1:23:46
  what these wallet softwares do to tell you the balance of
• 1:23:50
  Bitcoin that you have is they basically ask a node and they
• 1:23:54
  say, how much Bitcoin does each one of these addresses have?
• 1:23:57
  And then they sum it together and then they tell you this is
• 1:24:00
  your Bitcoin balance. So if you're sending that
• 1:24:03
  information to someone else's computer, they could surmise
• 1:24:08
  that like, OK, this IP address probably has this much Bitcoin
• 1:24:12
  because they're asking me about all these specific Bitcoin
• 1:24:15
  addresses, right? So with Sparrow, with Electrum,
• 1:24:21
  with Blue Wallet, they all give you the functionality to connect
• 1:24:26
  to your own node. So let's say I'm travelling, I'm
• 1:24:29
  travelling and I travel a lot for conferences, right?
• 1:24:33
  And I'm like, dude, I, I, I got to make payroll, right?
• 1:24:36
  Got to pay everyone out at the end of the month simply or I
• 1:24:39
  have to make a payment for, you know, Bitcoin, right?
• 1:24:45
  I pull up my Electrum, my Sparrow, my blue wallet,
• 1:24:49
  whatever wallet I'm using and that wallet is connecting to my
• 1:24:56
  note. I'm not trusting anybody.
• 1:24:59
  I'm there is no other person that I'm asking, hey, what is my
• 1:25:03
  balance? I'm asking my own computer.
• 1:25:07
  What is my balance? So there's privacy to it and it
• 1:25:12
  also gives me a vote because whenever there's a bit, whenever
• 1:25:17
  there is a change to Bitcoin software, your vote is
• 1:25:21
  basically, am I going to download that new software?
• 1:25:25
  No, I actually disagree with it. I'm going to run this software.
• 1:25:29
  I don't like that software. There's things that I don't like
• 1:25:31
  about that software. Whatever.
• 1:25:32
  If you don't run a node, if you don't run your own version of
• 1:25:35
  Bitcoin software, you don't have a vote.
• 1:25:37
  You don't have a vote. Someone else is voting for you
• 1:25:41
  by choosing what software they choose to run, right?
• 1:25:45
  So yeah, it's incredibly important.
• 1:25:47
  We got to get those numbers up. Hopefully, you know, maybe we
• 1:25:50
  got to maybe make it like a tutorial or something of that
• 1:25:53
  because it's like a seems like a very popular talk.
• 1:25:55
  Seems like a lot of you guys are not doing it.
• 1:25:57
  And it's super easy these days. You literally go to start 9.
• 1:26:03
  That's I recommend it because that's the one I use.
• 1:26:07
  And you know, you can buy their software or let's say you don't
• 1:26:10
  want to buy their software, you can download their software and
• 1:26:14
  put it on an older computer free.
• 1:26:16
  It's free. You don't have to pay anything,
• 1:26:18
  right? But if you are at a certain
• 1:26:21
  point in your Bitcoin journey, there is absolutely no reason as
• 1:26:26
  to why you shouldn't be running your own Bitcoin software.
• 1:26:31
  I'll leave it at that guys, this was simply Bitcoin live for
• 1:26:34
  January 13th, almost halfway through the month and we're only
• 1:26:39
  at 91 Ki thought 2025 was supposed to be a party.
• 1:26:42
  What happened? If you guys enjoyed the show,
• 1:26:45
  you know what to do. Smash the like button.
• 1:26:46
  Consider subscribing to simply Bitcoin if you feel like we
• 1:26:48
  provided you value and of course, I'm your host Nico.
• 1:26:52
  He's my legendary Co host Optimus Fields.
• 1:26:54
  We're signing out for today. We'll be back tomorrow for a
• 1:26:57
  brand new episode of Simply Bitcoin Live.
• 1:27:01
  Today's episode was brought to you by bitcoinwell.com, a
• 1:27:04
  Bitcoin only platform on a mission to enable financial
• 1:27:08
  independence.