Latest / Simply Bitcoin / Dell Computers to Follow Saylor's Bitcoin Strategy? | EP 1017
Transcript
- 0:02It's all going to zero against Bitcoin.
- 0:06It's going on. Forever.
- 0:15You're against Bitcoin. You're against freedom yeah,
- 0:23we're going to assemble the Bitcoin live your number one
- 0:24source. So the peaceful Bitcoin
- 0:26revolution cup breaking news culture Matic warfare will be
- 0:29your guide through the separation of money and state
- 0:31Ladies and gentlemen, you're tuned into simply Bitcoin live,
- 0:34the most watched daily Bitcoin live show on YouTube Rumble and
- 0:38X sit back, relax, enjoy the ride lots of stuff to cover
- 0:41today. When I heard this news
- 0:43initially, I'll be honest with you guys, I thought that the
- 0:47simply Bitcoin news team like kind of dropped the ball and
- 0:52then I went to Michael Dell, the founder and CEO of Dell
- 0:57computers, literally one of, you know, the most successful
- 1:01computing companies in the world, extremely successful
- 1:05entrepreneur. I still think he he owns the
- 1:08majority of Dell and he's he he started off slow.
- 1:14He started off slow with some hints that he was into Bitcoin
- 1:19and a lot of people in the comments were, you know, going
- 1:23pretty like pretty enthusiastic sailor jumped in there.
- 1:26You know, a lot of the, the, you know, the high key Bitcoiners
- 1:29are jumping in there in the comments like Bitcoin, Bitcoin,
- 1:31Bitcoin. And I saw the news initially
- 1:35from the simply Bitcoin Twitter account, which I highly
- 1:37recommend. It's one of the best Bitcoin
- 1:38news aggregators. And I was like, our guys must
- 1:42have messed up. This is crazy.
- 1:44And all of a sudden, he literally dropped a meme of the
- 1:49Cookie Monster eating Bitcoins, making it incredibly obvious.
- 1:55And Dell actually has a history of accepting Bitcoin as a as a
- 2:00means of payment. And very early on, I might add.
- 2:03And, you know, I was talking to my friend Sal and Opti's good
- 2:07friends with him too this morning.
- 2:09And I was like, this is a historic moment.
- 2:13This is the next domino. If this domino falls and you
- 2:18know, it's not just adding capability to the Dell website
- 2:22to pay in Bitcoin, it's like actually putting Bitcoin on
- 2:26their balance sheet. This is the next domino to fall
- 2:30and things will accelerate dramatically from here.
- 2:33This isn't Selmer Scientific. This isn't just some company
- 2:38company in Japan that no one really knows.
- 2:40This is Dell Computers and it's it.
- 2:44It's a really, really big deal. This is what winning looks like.
- 2:49Sailors won big, we're winning big.
- 2:53It's the beauty of Bitcoin. Everyone wins.
- 2:55You're holding Bitcoin, you don't sell it, you stay humble,
- 2:58you stack sats, you stay solvent and you win.
- 3:01You know, and I think the best expression is time in the market
- 3:06beats timing the market. And if this is true, if he's
- 3:10not, and again, I, I, I, I can't help to think, but this being
- 3:16signal, I can't help to think that Dell computers is going to
- 3:19follow in the, in the footsteps of Michael Saylor.
- 3:22He also has a, has, has an enormous family office.
- 3:25So maybe he's pointing that it's him.
- 3:27Personally, I would like to believe that it's Dell.
- 3:32They hold a tremendous amount of cash.
- 3:34And if you're holding cash, large amounts of cash, you're
- 3:38it's just like you're, you are literally holding onto a melting
- 3:41ice cube. So this would be enormous.
- 3:44This would be groundbreaking. And this would further set the
- 3:48mood and the tone for the bull market that's coming.
- 3:53I believe it's going to start warming up again towards the end
- 3:56of the year into 2025. And while everyone's freaking
- 4:01out because we're at 63 KS 63,747 dollars, I would just
- 4:06like to remind everyone like we're very close to all time
- 4:10highs. And you know, these prices were,
- 4:14you know, getting everyone excited, not that many like a
- 4:17couple years ago. So I feel really good.
- 4:21And the more Bitcoin consolidated at these levels,
- 4:26you know, the, the, the more the spring effect is going to take
- 4:29place, the, the, the more hardcore the launch is going to
- 4:33happen. And this is big news.
- 4:35I can't emphasize that enough. In other news, we have Tyler and
- 4:39Cameron Winklevi throwing their hat in the political ring and
- 4:44putting their money where their mouth is and putting their
- 4:47support behind the orange man. And we all know that the orange
- 4:50man has been supportive of the orange coin.
- 4:53Now, the reasoning behind it is actually extremely thorough and
- 4:57very in depth. And we're going to go explore it
- 4:59today. And it's something that we've
- 5:01been covering for, you know, over a year now, which is
- 5:05they're, they've been getting extremely political about this.
- 5:08It's specifically the Biden administration.
- 5:11We didn't choose this path. They decided to go after the
- 5:14industry. And in Cameron or Tyler's
- 5:17response, their reasoning as to why they're donating $1,000,000
- 5:20each to Donald Trump for him to get elected, they go in depth
- 5:25into the details of what the current administration has done
- 5:29in order to stop the industry. And that leads me to like a very
- 5:32important question. Is it really the role of
- 5:34government to attack private industry?
- 5:36Is it really the goal of government to attack innovation?
- 5:40It's awesome how Bitcoin exposes incentives.
- 5:42It's not the role of government to do that.
- 5:45The reason that they're doing that is because now the source
- 5:49of power and the source of funding for government is being
- 5:53fundamentally threatened by something they cannot stop
- 5:56because of its decentralized nature.
- 5:59And it exposes the tyrannical nature of the state.
- 6:03It exposes the tyrannical nature of government itself.
- 6:06And this is what I'm talking about when I say Bitcoin exposes
- 6:09incentives. It's beautiful to see.
- 6:12You can see it in 4K. If you are against Bitcoin, you
- 6:16are pro central banking. If you're pro central banking,
- 6:20you're pro theft. You're pro war, you're pro
- 6:24nihilism, you're pro slavery. It's as simple as that.
- 6:28It is literally black and white. There is no Gray.
- 6:31You're pro Bitcoin, you're pro freedom, pro individual, or
- 6:36you're pro central bankering and you're pro slavery.
- 6:39You're poor nihilism. You're pro usury, you're pro
- 6:42slavery. It's as simple as that.
- 6:44It's really that simple. And we can get into the
- 6:47discussion why it's that simple. But yes, Bitcoin or slavery and
- 6:52you know, the political scene is getting a little a little bit
- 6:55warm. So it's going to be a great
- 6:57show. Also during the culture segment,
- 6:59we have our friend back in the house, the man, the myth, the
- 7:02legend himself, Lightning Goats SAT is back and we're going to
- 7:06feed some goats via lightning today.
- 7:08We're also thinking about potentially incorporating into
- 7:11this incorporating feeding lotes, feeding coats into the
- 7:15simply Bitcoin live show. If you think that's a good idea,
- 7:18please let us know in the comments.
- 7:20Last time we did it, you guys absolutely loved it and we
- 7:23always have a great time when SAC comes on the show.
- 7:25All right, ladies and gentlemen, no more delay.
- 7:27I do want to bring up my legendary Co host, who is always
- 7:29optimistic and he worked out just like me man, so we feel
- 7:32good. We got the Sarah we.
- 7:34Got the. We got the endorphins pumping.
- 7:37Shout out to Sal. Does an incredible job.
- 7:40We'll have Sal back on the show soon.
- 7:42How you doing Opti? I'm feeling great, man.
- 7:44I feel great. Life's wonderful.
- 7:46You know, we're on the bitcoins and we get, actually I was
- 7:49getting trolled yesterday I think in the chat about saying
- 7:51frant ran and shout out. So on that note, we have frant
- 7:56ran not only the institutions but the billionaires of the
- 7:59world. So pat yourself on the back.
- 8:02It's it's so awesome being a Bitcoiner, man.
- 8:04Life's so much better on the Bitcoin standard.
- 8:06So on that note, let's bring in lightning goats because I know
- 8:11that's what he wants to talk about today.
- 8:12It is how unplugging from the Fiat world opens up a whole new
- 8:17world when you get on the Bitcoin standard.
- 8:19And if you guys hang out in the chat with us, then you already
- 8:22know that Lightning Goats is always in there talking about
- 8:25unplugging from the Fiat world and getting on the Bitcoin
- 8:28standard. So we're going to talk about
- 8:29that a little bit in the culture.
- 8:30And then of course, you guys can feed some goats.
- 8:32So let's bring in SAT SAT. How you doing today bro?
- 8:36Well, I'm doing great man. I'm here reporting live from
- 8:40life in the Bitcoin standard. I know you.
- 8:43Some of you visit sometimes, but living here full time is awesome
- 8:47and I'm stoked to be here with all of you today.
- 8:50Thanks for joining us, man. I, I, I, I was so thrilled the
- 8:53first time you came on the show. It was just absolutely epic.
- 8:58You know what? I love Bitcoiners, man,
- 9:00Bitcoiners, they come up with all these projects and, you
- 9:04know, all these very interesting things and they're always
- 9:06building and they're curious and they're hopeful about the
- 9:09future. You know, they're optimistic
- 9:11about the future. So we love having Bitcoiners on
- 9:14the show and I gotta say SAT, you've been one of my favorite
- 9:17guests, man, Just I love what you're doing, love the lightning
- 9:20goats project. It's absolutely incredible.
- 9:22We're gonna highlight it today and you guys will be able to
- 9:25feed goats yourself. So get your Lightning wallets
- 9:28ready and we'll get to it. Anyways, before we jump into the
- 9:32show, I want to give an incredibly special shout out to
- 9:34a lead sponsor person. I'm talking about Bitcoin Well.
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- 10:26Let's toss a coin into the Bitcoin wishing well with the
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- 10:32the QR code up. On screen, Nico, I'm not ready.
- 10:35First person to scan the QR code gets the 500 SAT's.
- 10:40By the way, if you use the promo code simply BTC when you sign up
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- 11:00Self custody is the revolution. Go check out bitcoinwell.com
- 11:05today to get started. All right everybody, let's hit
- 11:07the numbers. Lots to talk about.
- 11:11The Bitcoin numbers. Is your Bitcoin and cold storage
- 11:15really secure? Is your seed phrase really
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- 12:16It'll take you directly to the stamp seed website or you can
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- 12:22Store your generational wealth properly.
- 12:24Stamp it on one of the strongest metals on planet earth.
- 12:28Stamp it on titanium. Don't write down your seed words
- 12:31on paper. Don't do that.
- 12:32It's going to. It's not going to last very
- 12:33long. At the time of recording, the
- 12:35Bitcoin price is $63,730. SATS per dollar is 1569 SATS per
- 12:42dollar block height 848,922 blocks to having 200 and 1078
- 12:49having estimate March 25th 2028 Total light network capacity
- 12:534846 BTC capacity value 308 million U.S. dollars Realized
- 12:59monetary inflation 1.58% the market capitalization of Bitcoin
- 13:051.26 trillion Bitcoin verse gold market cap 7.78%.
- 13:11And the grand scheme of things we are just getting the party
- 13:14started anyways. One of the things about mining
- 13:18is that it takes it stranded energy, energy that was already
- 13:22going to waste, and it gives it value, right?
- 13:25And you can use a lot of the excess heat from miners to do a
- 13:29variety of different things. The reason that we like to talk
- 13:32about this is because one of the attack vectors, one of the
- 13:36things that the legacy media use says about Bitcoin is that it's
- 13:41energy intensive, consumes too much energy, and it's bad for
- 13:45the environment. All the bullshit talking points,
- 13:49they're telling you those talking points because it has
- 13:51nothing to do with binding using too much energy has to do with
- 13:55the separation of money and state.
- 13:56So what we want to do at simply Bitcoin is we don't we want to
- 13:59arm you with the talking points so that when you're at
- 14:02Thanksgiving or where you're talking to an aunt and uncle
- 14:05that for whatever reason still trusts and reads the New York
- 14:08Times, you're armed with the facts, you're arms with the data
- 14:11and you can hit them back and hopefully wake them up from the
- 14:14matrix. All right everybody, this isn't
- 14:17information where after all, let's check out this new video
- 14:19from Marathon. Marathon Digital Holdings has
- 14:24launched A2 MW pilot project to recycle heat from its digital
- 14:28asset compute data center to warm a community of 11,000
- 14:32residents in Finland. This pilot project is Marathon's
- 14:37first digital asset compute operation specifically tailored
- 14:41for district heating solutions. District heating involves
- 14:44heating water in a central location and distributing it
- 14:48through a network of underground pipes within a local area.
- 14:51Marathon is exploring ways to monetize heat generated by its
- 14:55data centers, allowing district heating systems to use this heat
- 14:59instead of burning fossil fuels or biomass for thermal energy.
- 15:04This pilot project represents an innovative test in Marathon's
- 15:07pursuit towards developing new revenue streams and strategic
- 15:10approaches to achieving 0 cost power for digital asset
- 15:14computing while offering new solutions to the world's energy
- 15:17transformation. For more updates, visit
- 15:20mara.com. I mean, it's great.
- 15:24I got to say, man, like, I think that there's so many different
- 15:27projects. I know that there's different
- 15:29companies, by the way, in Canada, they're already using
- 15:33excess minor heat from minors to, I don't know if you guys
- 15:38have ever been to like old locations and whatnot, but
- 15:40essentially what they do is that they have like these double
- 15:42doors to make sure that the cold isn't getting inside.
- 15:45And between those double doors, there's like all this heat
- 15:47coming out from the top. But there I heard that there's
- 15:51like a strip mall or like a mall in Canada that's essentially
- 15:53that heat is coming from minors, right?
- 15:57Because they do produce a lot of heat.
- 15:58We also had someone on the show that is basically heating a
- 16:02greenhouse with the heat from Bitcoin miners, right?
- 16:06So instead of just paying for a regular heater, I also believe
- 16:09that there's a company that makes a heater that mines
- 16:11Bitcoin as well. So, you know, instead of just
- 16:15paying for a heater, you're just like, you're going to pay for
- 16:18the electricity anyway. Why don't you kill two birds
- 16:20with one stone? Why don't you mine some Bitcoin,
- 16:23you know, make some sats back, make some money back on that
- 16:25electricity bill. And at the same time, you know,
- 16:29heat your home with that excess heat, right?
- 16:32So I think that's really fascinating.
- 16:34It's really cool. I think it's just the tip of the
- 16:36iceberg. I think that there's so many
- 16:38different opportunities there in that industry.
- 16:41I'm really excited to see what entrepreneurs are going to
- 16:43develop over the next decade. And also what I'm also excited
- 16:47about too is I think that there's going to be a new type
- 16:49of gold rush. And no pun intended in that I
- 16:52think Bitcoin provides, you know, it's a buyer of last
- 16:56resort for electricity. So there's so many places all
- 16:59around the world that have stranded energy and that
- 17:03stranded energy normally would have no value.
- 17:06It's too isolated from communities.
- 17:08A lot of people don't understand about electricity is that it's
- 17:11not very efficient to store. It's like when you leave your
- 17:14iPhone on the night stand, you wake up the next day.
- 17:17Even if it was a charge to 100%, it's probably at like 99%.
- 17:20Over time, batteries lose charge, and if you transport
- 17:25electricity over large distances, it also loses
- 17:28efficiency as well. So you kind of have to use it at
- 17:30location. If you have a buyer of last
- 17:33resort, if you have buyers that are always there to eat up that
- 17:37excess energy, those are Bitcoin miners.
- 17:40Before Bitcoin miners, that wasn't a thing, right?
- 17:42That wasn't a thing. So, yeah, a very exciting.
- 17:45I think it's going to fundamentally transform the
- 17:49energy industry for the better and it's going to make the world
- 17:53a much better place for it. As much as you hear the
- 17:55propaganda trying to hate on Bitcoin and destroy it and all
- 17:58that stuff. And also from the nation state
- 18:01level before I pass it on to Opti, you have multiple
- 18:03different countries. You have the Kingdom of Bhutan,
- 18:06you have Paraguay, you have El Salvador.
- 18:10The Kingdom of Bhutan increased their, their, their mining
- 18:15capabilities from 100 megawatts to 600 megawatts.
- 18:20Even that was like up coming towards the halving.
- 18:23Like they knew the halving was coming and they still increased,
- 18:26you know, all that mining capacity.
- 18:29That's how bullish they are in the future.
- 18:31And it was Kingdom of Bhutan teaming up with the public
- 18:34company Bitdeer in order to make that happen.
- 18:37So really exciting stuff, man. I'm really excited for the
- 18:40future of mining, and I think it's going to make the world a
- 18:43much better place for it. Anyways, Opti, what's your take
- 18:46on that? It's really done.
- 18:47Well done. Video made me feel nice and
- 18:49fuzzy and warm inside. All the butterflies inside.
- 18:52But we're gonna we're gonna make everything better.
- 18:54We're gonna heat your home. Who would have?
- 18:56Who would have? Thought my, my first thought is
- 18:58obviously I'm gonna have to troll a little bit, you know,
- 19:00but like, man, look at all of that wasted energy saved via
- 19:03Bitcoin miners. Like, who would have thought?
- 19:05I thought we were gonna boil the oceans.
- 19:06And in fact, we're just heating up, you know, cold, cold cities.
- 19:11Love to see it. Absolutely love to see it.
- 19:12And I'm, I'm gonna, I'm gonna go on the edge, cheer Nico and go
- 19:15really, you know, outside the Overton window here and troll
- 19:19even harder. But arguably any energy that
- 19:22isn't used to mine Bitcoin is a waste of energy.
- 19:24So. What was it?
- 19:26What was it? That faucet, when he came on the
- 19:27show, Unplugged Denmark. Yeah, yeah.
- 19:30And that's, I was gonna go there too.
- 19:32You know, I was gonna say fight me.
- 19:33Like if you're using energy to not mine Bitcoin, it's a waste
- 19:36of energy. So space warmers for the wind.
- 19:39And yeah, I'm glad that we did the unplugged Denmark meme a
- 19:42while ago because you know, me, I'm a I'm a, I'm a public school
- 19:45student in America. So I had to go look on the map
- 19:47and I, you know, refresh myself. But Denmark is technically, you
- 19:52know, a neighbor or two away from Finland.
- 19:55And it's funny how they wanted to basically ban Bitcoin mining,
- 19:59saying, oh, so it's super bad for the environment.
- 20:02And now we got a city in Finland that is literally heating up
- 20:05their town with. The.
- 20:07Quote UN quote waste energy of Bitcoin miners, you know the
- 20:10heat coming off the Bitcoin miners so absolutely love to see
- 20:13and also while we were watching this and you kind of brought it
- 20:16up too, Nico, it kind of reminded me you said, you know,
- 20:20new gold rush. It kind of reminded me of like
- 20:21the company towns that we saw pop up, you know, couple, 100
- 20:26years ago around different industries, whether it was gold
- 20:29or, you know, oil or whatever. And it really made me think of
- 20:33we're going to probably see this happen with stranded energy and
- 20:36see new towns and new areas that were quote UN quote
- 20:40uninhabitable or, you know, way too remote.
- 20:43And they're going to be thriving and their electricity prices are
- 20:47probably going to be cheaper than all of ours because they're
- 20:50using the excess heat from Bitcoin miners that heat up
- 20:53their town. And of course, they're able to
- 20:55thrive buy Bitcoin mining. So I think it's it's not a
- 21:00stretch to say that we're going to see new company towns build
- 21:04up around excess energy and Bitcoin miners coming in and
- 21:07starting these new towns. And, you know, instead of it
- 21:10being like Marlboro or, you know, Exxon or whatever it is,
- 21:14it's going to be like marathon. It's going to be riot.
- 21:16It's so I don't know man. I'll I'll probably wear their
- 21:19corporation. I'm trying to get sponsors bro.
- 21:23My jackets and I'll live in one of their towns is probably
- 21:26really going to be a new utopia or like a Bitcoin citadel.
- 21:29So I don't know, man, the future's bright.
- 21:31Absolutely. Sat you got any thoughts on this
- 21:34brother? Yeah, man, it's a thermodynamic
- 21:38kind of fact of reality that every, every agent or biological
- 21:45agent, every living thing in the universe is in a quest for
- 21:50energy. And a really big part of that is
- 21:53efficiency. And one of the beauties of
- 21:56Bitcoin and Bitcoin mining is that like all kind of living
- 22:01systems, it, it finds niches on little spots in the environment
- 22:06where it can harvest energy. This is how we all survive, man.
- 22:12So Bitcoin really mirrors the, the laws of reality in this
- 22:18respect. It's it's awesome man.
- 22:22That's my thoughts on. That absolutely I, I completely
- 22:25agree. I think Bitcoin is fundamentally
- 22:27anchored to reality via proof of work.
- 22:30And I think Fiat is just completely disconnected from
- 22:34reality, you know, and I think that's why, you know, you see
- 22:36all this corruption with Fiat, like Bitcoin is always just
- 22:40anchored to the universe because it's it's an energy based money.
- 22:44100%. All right, everybody, before we
- 22:46move on to the next segment, I do want to give an extremely
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- 24:08Scan the QR code or check the link in the video description
- 24:11For more information. Let's hit the news.
- 24:16The Daily News. I want to give a shout out to
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- 25:53don't take self custody, someone else's custody of your Bitcoin
- 25:56and that's not a good. Anyways, everybody moving on to
- 25:59today's news. Historic, absolutely huge.
- 26:03He hinted towards it. And This is why I kind of
- 26:05freaked out a little bit when I saw the Simply Bitcoin crew
- 26:08tweeting about it. I'm like, wait, what?
- 26:11Have we confirmed this? But yes, it's basically
- 26:14confirmed. And we'll get to why that is.
- 26:16So of course, you have Michael Dell.
- 26:18Michael Dell is the founder, the chairman and the CEO of Dell
- 26:22Technologies and he hints towards it a little bit on June
- 26:2620th at 6:35 AM, he said scarcity creates value.
- 26:30Wait a second. That sounds very familiar.
- 26:32Of course we have the Chad Saylor jumping in the in the
- 26:35fray basically saying like Bitcoin is digital scarcity.
- 26:39You have Steven Lopez saying if you want to increase the value
- 26:42of Dell stock, just start adding Bitcoin to your balance sheet.
- 26:45You have Walker saying this is a Bitcoin tweet.
- 26:48Welcome back Dell back in 2015. He said Dell is now the largest
- 26:52merchant to step Bitcoin internationally.
- 26:57Step. Stefan Lovera says holding
- 26:59Bitcoin. Corey Clipson says tell us
- 27:01you're a Bitcoiner without telling us you're a Bitcoiner.
- 27:04And it just goes on. The laser eyes you have Zach,
- 27:08you have Tyler Campbell, everyone just bitcoiners just
- 27:10jumping in the fray, leaving letting everyone's thoughts
- 27:14known. Bitcoin well says Bitcoin is
- 27:16here for you. Bitcoin aider says one of us,
- 27:19one of us, Phil Geiger from Unchained says get those
- 27:22corporate sats. Michael Austin is the Bitcoin
- 27:24capital of the world. So just jumping in.
- 27:28This is the power of Twitter. Everyone, you got to let your
- 27:30voice known. You got to like speak up, say
- 27:34what's up, you know, make everyone understand that Bitcoin
- 27:38is the way, right? This is narrative trench warfare
- 27:41on the battleground of the Internet.
- 27:42So this is this little, you know, hint, you could say, Nico,
- 27:45you're effing crazy. That has nothing to do with
- 27:47anything. But then he made it incredibly
- 27:51effing obvious that He made it incredibly obvious without a
- 27:56shadow of a doubt that yeah, I mean, he was talking about
- 28:00Bitcoin. And the way that he did that
- 28:03literally was via a meme, which I find absolutely hilarious.
- 28:08This is confirmed. This is true.
- 28:11This is actually real. Like I swear off the I was I was
- 28:16going to lose it, bro. When I saw the Twitter team, I
- 28:19was like, what the what are you guys doing?
- 28:22But reality is stranger than fiction.
- 28:24I mean, yeah, reality is stranger than fiction sometimes.
- 28:27Michael Dell says this is a great account to follow me
- 28:30Cookie Monster, very entertaining.
- 28:33And of course it's the Cookie Monster eating what Bitcoin
- 28:36cookies. And this of course, you know,
- 28:38you have the Bitcoiners in there saying, Michael, you should
- 28:41swing through the Bitcoin Commons.
- 28:43We're right on 6th in Congress in Austin.
- 28:45Great to have you on team Bitcoin, Michael, Bitcoiners are
- 28:48just celebrating this. Michael Saylor says Bitcoin is
- 28:52for everyone. Dylan Eclair, invest in Bitcoin,
- 28:55acquire superior money. So, yeah, I mean, this is, this
- 29:00is insane. I, I, I can't, you know, I, I, I
- 29:04just, you know, I, I, I don't know what to say in, in terms of
- 29:07this. This is this is pretty big deal.
- 29:10Now let's talk about the cash situation.
- 29:13I think this is a situation that a lot of companies in the US,
- 29:16specifically a large, a lot of the larger corporations that
- 29:20have millions if not billions of dollars of cash or cash
- 29:26equivalents just sitting in treasury.
- 29:28And I just have to remind everyone like, so this is Dell.
- 29:32I asked ChatGPT this morning and I said how much cash does Dell
- 29:37Technologies have on hand and it says as of April 30th, 2024 Dell
- 29:41Technologies has 5.83 billion in cash and cash equivalents
- 29:46including investments. With a 3% inflation that's a
- 29:50loss of $174 million on a yearly basis.
- 29:53Fiat is a melting ice cube $170 worth of purchasing power
- 30:00Completely evaporated 100. And 74,000,000 not 174 dollars.
- 30:05I apologize, 150. A $174 million worth of
- 30:09purchasing power just going poof, That's not normal.
- 30:13Like, the fact that that's normalized is crazy.
- 30:17Like, and I think it's a testament of the free market
- 30:21finding a way despite the theft, because this is theft.
- 30:26Dell's paying taxes. Right.
- 30:29Are they agreeing to this, this additional tax as well?
- 30:32Now, what's really interesting is that like, they can just put
- 30:35a percentage of that $5.83 billion that they have in cash,
- 30:40they can just put a percentage of that into Bitcoin and it will
- 30:45compensate for the $174 million that they're losing in
- 30:49purchasing power. Now, the reason that a company
- 30:51like Dell doesn't care about that is because they have
- 30:54massive revenues and they're able to deal with that.
- 30:56But that's insane. Like the fact that we live in a
- 30:59world that that somehow normalized is absolutely crazy.
- 31:02And this is one of the things that Bitcoin fixes.
- 31:06And I think as time progresses, as Michael Saylor proves that
- 31:10his Bitcoin strategy is superior, I think you're going
- 31:13to see more and more dominoes fall.
- 31:15I think that this domino falling is massive.
- 31:19This is a big effing deal. This is huge.
- 31:23Dell Technologies is a massive company.
- 31:26And I think that if he finally comes out and says the quiet
- 31:31part out loud, I think it's going to make a massive splash
- 31:35and it's going to further accelerate Bitcoin adoption
- 31:38because any company that is competing against Dell is going
- 31:41to be at a disadvantage, right? And it's not like MicroStrategy.
- 31:45Like MicroStrategy, Michael Saylor said this yesterday,
- 31:48right? He was basically saying, like,
- 31:49look, until we adopted a Bitcoin strategy, we were thinking about
- 31:52selling the business. Like we tried all these
- 31:53different things. We didn't know how to grow the
- 31:55business. We thought we were dead.
- 31:57And then we adopted a Bitcoin strategy.
- 31:59Dell is a pretty successful computer company.
- 32:03Obviously it's not as successful as it was, but it's still if you
- 32:08go to a school or you go whatever, most likely, or at
- 32:11least when I was growing up, everyone just had these Dell
- 32:15computers. So anyways, absolutely massive,
- 32:18big effing deal. And of course, another sign as
- 32:23well. If you still don't believe me,
- 32:25Michael Dell retweeted Michael Saylor responding to Michael
- 32:29Dell basically saying Bitcoin is digital scarcity.
- 32:34So I mean like, how many more signs do you need bro?
- 32:39Here's Michael Steeler kind of making a joke.
- 32:41New logo. And of course it's the cookie
- 32:44Monster eating Bitcoin cookies. In other news as well, of course
- 32:49you have Tyler Winklevi of the Winklevoss twins.
- 32:52They Co founded the Gemini exchange and he announced with
- 32:56his brother that they're no donating $1 million worth of
- 32:59Bitcoin to Donald Trump for his re election in November.
- 33:04He also said that he's voting for Donald Trump in November and
- 33:07he gave his reason as to why he's doing so.
- 33:10He goes on to say over the past few years, the Biden
- 33:13administration has openly declared war against crypto.
- 33:17It has weaponized multiple government agencies to bully,
- 33:20harass, and sue the good actors in our industry in an effort to
- 33:23destroy it. This administration's actions
- 33:26have been nothing short of an unprecedented abuse of power
- 33:29wielded entirely for twisted political gain at the complete
- 33:33expense of innovation, the American taxpayer, and the
- 33:36American economy. There is nothing the Biden
- 33:38administration can do or say at this point to pretend otherwise.
- 33:43Some of the low lights include the following the weaponization
- 33:46of the banking system against crypto companies and their
- 33:49principals, known colloquially as operation 2.2 point O.
- 33:53This starts with the OCC and the FDIC giving guidance and
- 33:57instructing banks behind closed doors not to bank crypto
- 34:00companies. Any bank that doesn't follow
- 34:02orders is threatened. Does that sound like a
- 34:05government? That sounds like a mafia bro,
- 34:07that is crazy. Anyways, And, and this is like
- 34:10leads me to like another thing that I've been saying for a
- 34:12while, which is, isn't it strange that the corporate that
- 34:17the entities and you know, the government agencies that are
- 34:20responsible for quote UN quote regulating the industry also or
- 34:25have a lot to lose if the industry succeeds?
- 34:28It kind of creates like a misalignment of incentives.
- 34:31Anyways, he goes on to say the conversation goes something like
- 34:35this quote. That's a nice bank you got
- 34:37there. It sure would be a shame if
- 34:39something were to happen to it because you're you bank some
- 34:42crypto folks. If this tactic is not enough to
- 34:45scare a bank into line, the the examiners will be sent in to
- 34:49turn everything upside down. This will almost certainly lead
- 34:53to quote finding something. Show me the bank and I'll show
- 34:56you the crime that results in a massive fine or a new
- 34:59supervisory rules and conditions that crimple A bank's ability to
- 35:02operate. The risk is simply too great.
- 35:05Banks could either choose not to bank crypto companies or have
- 35:09that choice made for them. These agencies have God Mode
- 35:13over banks because they can yank their license or FDIC Deposit
- 35:17Insurance at any time, citing safety and soundness concerns.
- 35:21That is why they can behave like characters out of The Godfather
- 35:25and intimidate banks into dropping any customers or
- 35:29customer segment they want. This behavior of debanking
- 35:32entire industries that are completely legal but
- 35:35ideologically out of favor began during the Obama administration
- 35:38when President Joe Biden was Vice President.
- 35:41It was it was nicknamed Operation Choke .1 Point O back
- 35:44then and is a well documented stain on the Obama presidency.
- 35:48The Biden administration has dusted off the playbook and has
- 35:51begun has been running it at full speed against the crypto
- 35:55industry. The blast radius has extended
- 35:57beyond crypto companies to individuals who work at them.
- 36:00I personally have lost multiple bank accounts because I own
- 36:03crypto and my investment firm, Winklevoss Capital has as well.
- 36:08The weaponization of the SCC. The Biden administration's SCC
- 36:12has not written a single rule for the crypto industry to help
- 36:15any of its participants understand how to navigate that
- 36:18regulatory landscape for this new asset paradigm.
- 36:21This is by design. He gives one example.
- 36:25If either a security an open question up until 48 hours ago,
- 36:29then you would be breaking securities law if you were sent
- 36:32either sent ether to a friend from your smartphone to their
- 36:35smartphone. Why?
- 36:36Because only a broker dealer is allowed to transfer security, it
- 36:40can only do so to another broker dealer.
- 36:42From this example alone, anyone can understand how classifying a
- 36:46crypto like Ether as a security would gut its utility and
- 36:49destroy its ability to usher in a decentralized future.
- 36:54It's like asking an automobile to behave like a horse.
- 36:57Yet that is the position the Biden SEC has taken towards
- 37:00almost every crypto. It does this not because it
- 37:04understands the consequences, but because it does.
- 37:07These are exactly the consequences.
- 37:09It wants to kill crypto. I mean, this is something that
- 37:13we've said for many, many, many times on simply, for many, many
- 37:17months on simply Bitcoin. They're scared.
- 37:20They're scared like either their ideology or the administrative
- 37:26state, which is essentially the unelected bureaucracy that
- 37:29benefits from the money printer, the military industrial complex,
- 37:33the endless wars, that whole system.
- 37:35People have to understand that the US government employs 16
- 37:39million people, right? And they spend 1.7 trillion.
- 37:43In 2023, they spent $1.7 trillion trillion with AT That's
- 37:49more than the GDP of like half the world, right?
- 37:52Or half the world's countries. And like what?
- 37:57Like what do you expect, right? They they're fighting to protect
- 38:00their Moat. They're fighting for the ability
- 38:02to create money for free that everyone else has to work for.
- 38:06But this we have to understand though, that this is not the
- 38:08role of government. We don't apparent apparently,
- 38:12right? We don't live in a communist
- 38:14country in the US. Apparently this is a free market
- 38:17economy. It is not the role of
- 38:19government. Allegedly, it is not the role of
- 38:22government even though you could.
- 38:23That totally didn't happen in 2008.
- 38:26It is not the role of government, in my view and in
- 38:29the view of the founding fathers, to get to pick and
- 38:33choose what businesses survive, what industries can thrive and
- 38:36what industries can thrive. Like that is a really slippery
- 38:40slope if we start heading down that path.
- 38:43And then that leads me to what I was saying initially.
- 38:45The beauty of Bitcoin is that it exposes incentives, whether
- 38:49that's a corporation, whether that's an individual, or whether
- 38:53that's a tyrannical government. And make no mistake, what the
- 38:56Biden administration has been doing over these last couple of
- 38:59months, even though they've been trying to obfuscate it, they
- 39:02released news the other days basically trying to walk it back
- 39:05because they realized that it was hurting in the polls.
- 39:08They are going after the industry because they see the
- 39:11industry as a threat to their monopoly and their control on
- 39:15money. And of course, This is why you
- 39:18have RFK. This is why you have Donald
- 39:20Trump capitalizing on that and basically saying, you know what,
- 39:24if you elect me, I'll protect Bitcoin, I'll protect your right
- 39:27to self custody, I'll free Ross and I'll be anti CBDC.
- 39:32The Biden administration, even though they haven't been vocal
- 39:34about being pro CBDC, if you check their documents, if you
- 39:38pay attention not to what they're saying, but their
- 39:41actions, they're pro CBDC. And I'm telling you guys, CBDCS
- 39:46are slavery. They enable slavery.
- 39:50They're a system of soft power. What do I mean by that?
- 39:54If you speak up against the government, if you have opinions
- 39:58that that that they don't agree with, if you have certain
- 40:01behaviors. If you drive past a certain
- 40:04limit because you know, they believe in the whole, you know,
- 40:08carbon neutral stuff, 2030 ESG, all that stuff, they can just
- 40:12shut off your money. I don't want to live in that
- 40:14world. That wasn't the world that I was
- 40:17sold on. That isn't.
- 40:17I'm a first generation American, so is Opti.
- 40:20This isn't the America that we were sold on.
- 40:23It Frankensteined into this creature that we're not familiar
- 40:27with. And that is literally this has
- 40:29started since the establishment of the Federal Reserve in 1913.
- 40:33It started this fucking Frankenstein creature that's
- 40:36bloated the American bureaucracy.
- 40:39And now it's gotten so big that now it's starting to, you know,
- 40:43encroach into the rights of individuals and everyday
- 40:46citizens. Bitcoin is saying, look, enough
- 40:48is enough. And in the process of them
- 40:51saying like holy shit, the party's over.
- 40:53We can't make this thing go away.
- 40:55Bitcoin is better money. We can't compete on the open
- 40:58market. What do they do?
- 40:59What tyrants know how to do best?
- 41:01Let's lock these motherfuckers up in a box.
- 41:04Let's scare the shit out of them.
- 41:05Let's say self custody is a danger to society and the
- 41:08world's going to explode. Fuck no.
- 41:11They're scared and they're scared and they're not scared
- 41:13for the right reasons. They're scared because they fear
- 41:16that they're going to lose control over you.
- 41:19Do you really want to be ruled by people that get scared
- 41:22because they, they're losing control over you?
- 41:24No, that that's, that's a really, that's a very, very
- 41:27strange world to live in anyways.
- 41:29Opti, what's your take on the Winklevi and then Dell?
- 41:33Yeah. So first, on your last point,
- 41:35you know well there's more of us than them so they should be
- 41:38absolutely terrified If if humans actually organize towards
- 41:41productive things, I'm sure we wouldn't have the government.
- 41:46That we have today. Did Niko call us motherfuckers?
- 41:49Did I? Did I?
- 41:50Did I misspeak or something? I don't think I do.
- 41:52Knows who knows anyways, going back to the Dell you know I I
- 41:56don't want to simp for billionaires, but Michael Dell
- 42:00is the 14th richest man in the world and.
- 42:03Yeah, if she's not. Yeah, if he's out here meming
- 42:06Bitcoin memes like you love to see it.
- 42:09I think it really goes back to what we've been covering the
- 42:11last couple of months, that once Bitcoin got the nod from
- 42:18BlackRock and then from even Trump talking about it, you're
- 42:22seeing that there is a shift in regards to Bitcoin.
- 42:25It's becoming a a presidential topic, a hot button topic, and
- 42:29now everyone is looking toward solutions.
- 42:32And I've been saying this for a while.
- 42:33We all have the same problem. Whether you're a, you know,
- 42:36billionaire CEO or you're an average Joe on the street, we or
- 42:40a nation state, we all have the same problem.
- 42:43There is nothing, nothing to save your wealth in that is
- 42:46quote UN quote risk free. The risk free trades are
- 42:50absolutely getting blown up. And so everyone is looking for a
- 42:53solution, which of course, is Bitcoin.
- 42:55And I was really reminded when we were, I knew we were going to
- 42:57talk about this. And I was reminded of the clip
- 42:59we played yesterday of the Harvard kids.
- 43:02You know, they're laughing at the the, you know, the fact that
- 43:05saving in Bitcoin is the best move moving forward.
- 43:08But it, it's not lost on me that the biggest CEOs of the world,
- 43:12that billionaires of the world are waking up to the problem
- 43:15that we talk about here every single day.
- 43:16You can't save in cash. You don't want to be saving in
- 43:19treasuries. Like, yeah, you can still buy
- 43:21real estate. Yeah, you can still buy gold.
- 43:23But the best trade of the last decade has been and will
- 43:26continue continue to be Bitcoin. And now it's becoming not only
- 43:31politically viable, but or and also not only a risk to your
- 43:35career, but the real risk to your career is not embracing
- 43:38Bitcoin. And so you know, the the fact
- 43:40that the CEO of Dell computers is now literally memeing cookie
- 43:44monster Bitcoin memes like life is memes and memes is live.
- 43:48I, I absolutely love it that that we're the captains now and
- 43:51everyone is waking up to the idea that we have front RAM
- 43:54billionaires, institutions, nations, states, and we're in
- 43:58control here. You guys understand more about
- 44:01economics, about how the world works than the people that have
- 44:05most of the capital in the world.
- 44:06And so again, you should pat yourself on the back.
- 44:09You're ahead of the curve. And yes, maybe the normies
- 44:11haven't woken up to this, but they will soon enough.
- 44:14And I, it really feels like the dominoes are falling and now
- 44:17it's becoming more viable to not only talk about Bitcoin, but to
- 44:20talk about freedom. And that leads me into the
- 44:23Winklevi donations to Trump, because now it seems like it's
- 44:29not social suicide to embrace Trump and to embrace the fact
- 44:34that, hey, maybe the Biden administration is actually
- 44:37hurting the economy, actually hurting the US, and maybe we
- 44:40need to switch things up. And yes, I know, you know,
- 44:42Trump's not perfect and yeah, whatever.
- 44:45He didn't really do anything in his last presidency.
- 44:48But if you really compare the two right now, one side is being
- 44:53pro Bitcoin, one side's being anti Bitcoin.
- 44:56And I think everyone is waking up that, yeah, maybe we need to
- 44:59switch sides here. Maybe we need to change things
- 45:01up. And it again, the irony's not
- 45:03lost on me that we're seeing the tech class come out for, for
- 45:07Trump when historically they're usually voting Democrat no
- 45:10matter what. You know the meme Vote Blue no
- 45:12matter who. And now we're seeing that people
- 45:14are waking up like, wow, this is not the country that we were
- 45:18sold on. Maybe we do need a little more
- 45:20free market capitalism here. Maybe we need some choices here
- 45:23and maybe the state is actively hurting the growth of the US.
- 45:27And if we want to get back to where we were, we got to change
- 45:30some stuff up. So it just goes to show And also
- 45:34actually, Nico, you know what I was reminded of while you were
- 45:36saying that that RFK junior also came out and said the free Ross
- 45:40line. So now all of our talking points
- 45:43as Bitcoiners are becoming political hot buttons.
- 45:46And so again, it just goes to show that we have power here on
- 45:50the Internet and they're listening to the Internet Altis
- 45:53out there. So continue to make a noise,
- 45:55continue to talk about this stuff because it's becoming,
- 45:59it's becoming the political hot button topics that we we always
- 46:02wanted it to be. And now that it's happening, we
- 46:04have the contrary. And Bitcoin is like, no, this
- 46:06isn't how I wanted it to happen. It's like, no, now they're now
- 46:09they're embracing Bitcoin. Now they're talking about
- 46:11freeing Ross. And yeah, you know, Trump's not
- 46:14perfect, but he's probably better than what we've seen come
- 46:17out of Biden. And if RMK had a chance then,
- 46:21like now that they're talking about freeing Ross, they're
- 46:23talking about embracing Bitcoin like things have accelerated and
- 46:28it's no longer going to be Bitcoin being a hot button topic
- 46:30in 2028. It's in 2024.
- 46:32So again, just goes to show where the captains now we're in
- 46:36control, continue to meme. They have no power against our
- 46:40memes because we have truth on our side.
- 46:42So go forth and meme you Internet all tips.
- 46:44We are winning and we are. Winning.
- 46:46We are winning hard. Anyways, I do want to highlight
- 46:48a super chat. We got a super chat from John.
- 46:50Appreciate the $20 bro. He says Trump wants to
- 46:53consolidate Bitcoin mining in the US and this is corporate
- 46:56capture to enrich the Trump family personal wealth wallet
- 46:59and those of BlackRock and Wall Street buddies.
- 47:02Absolutely 1,000,000%. Yes, of course he wants to
- 47:07enrich himself, just like every miner wants to enrich themselves
- 47:10when they mine Bitcoin. But the beauty of Bitcoin is
- 47:14aligned incentives. People pursuing their greed
- 47:17actually makes the Bitcoin network stronger.
- 47:20If Trump is competing for Bitcoin miners to come to the
- 47:23United States, guess what? Other company, other countries,
- 47:27the Freudians slip there. Other countries are going to
- 47:30say, you know what? We have to create a competitive
- 47:33environment for Bitcoin miners to come here.
- 47:35This is a good thing. When jurisdictions and
- 47:38politicians compete for your business, you win as an
- 47:41individual. So yeah, 100%.
- 47:43He wants to enrich his family. Everyone wants to enrich their
- 47:46family. That's the whole point.
- 47:47That's human nature, right? But again, the beauty Bitcoin is
- 47:51an aligned incentive structure model.
- 47:54Node operators aren't running nodes out of the goodness of
- 47:56their heart. They don't trust other nodes.
- 47:58Bitcoin miners aren't running Bitcoin miners out of the
- 48:01goodness of their heart. They wanna get rich.
- 48:03They wanna make profit. And Bitcoin evangelists even
- 48:07talking about Bitcoin. We love Bitcoin, but obviously
- 48:09we hold Bitcoin. It's an aligned incentive
- 48:12structure model. I think a lot of people have to
- 48:13understand that. Anyways, sat before we talk
- 48:16about some goats, before we talk about your Bitcoin story, what's
- 48:19your take on this Fiat politics? And of course, the Winklevise
- 48:23chiming in. Well, you know, regarding all
- 48:26politicians and bureaucrats wanting to kind of use all their
- 48:30loopholes in the system to debank everybody, I have this
- 48:35reply on behalf of all bitcoiners everywhere.
- 48:39You know, debank this guy's. You know, I don't care.
- 48:44I don't care if you're trying to debank us.
- 48:48You know the interesting thing about Dell, back in the day when
- 48:52I was a corporate wage slave, I worked in an IT group for
- 48:56Intrawest. They were our Canadian
- 48:59overlords, but Dell was very, very big there.
- 49:03The reason that Dell was very big in this corporate culture is
- 49:08because they were reliable and people didn't get fired for
- 49:14using Dell computers. So Dell has a lot of credibility
- 49:20in the corporate world and for Michael Dell or whatever, you
- 49:25know, his name is, I forget for him to be publicly endorsing
- 49:30Bitcoin is a very good thing because there's a lot of people
- 49:34out there in the world that listen to what he has to say.
- 49:40You know, none of this is surprising.
- 49:43We've all expected this to happen, you know, as hyper
- 49:47bitcoinization unfolds. It's just a logical everything
- 49:53logically follows that everybody will use Bitcoin.
- 49:59Everybody that we don't want to use Bitcoin is going to use
- 50:03Bitcoin. Everybody.
- 50:06It's a great thing on the last thing I have to say on this is
- 50:10that a Fiat runs on fear and politicians run on Fiat and they
- 50:16just print that shit out of thin air, you know?
- 50:20So take everything that Trump or RFK or any of those guys have to
- 50:26say about Bitcoin with grain of salts regarding Trump and his
- 50:33followers. It's actually a really cool
- 50:37thing that he's talking about it because all these people who are
- 50:42on that bell curve that we always talk about that follow
- 50:47him will pick up on Bitcoin as a political issue.
- 50:53They'll pick up on Bitcoin as an issue of freedom and liberty,
- 50:57and they'll pick up on Bitcoin as a matter of identity.
- 51:04Just like people have a Christianity as an identity or
- 51:09Oakland Raiders or you know, whatever their team is, Bitcoin
- 51:13is going to become part of that identity for a really huge block
- 51:17of the voting population. Whether they're orange peeled or
- 51:23not really does not matter because functionally it just
- 51:29makes it better for everybody. So hand it back over to you
- 51:32guys, you know? Absolutely man.
- 51:35Really, really good points. Anyways guys, before we move on
- 51:38to the culture, I do want to give a very special shout out to
- 51:41her sponsor and of course I'm talking about the orange pullout
- 51:44stack friends who stack stats join the 10,826 bitcoins that
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- 52:02it gives you an opportunity to send them a message so you can
- 52:04connect with fellow bitcoiners, like minded individuals.
- 52:08It's also one of the best ways to reach me directly.
- 52:10So if you want to send me Adm, if you have a question for me,
- 52:13download the orange pull up, send me a message.
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- 52:27Download the orange pull up. It is the Bitcoin social layer
- 52:30stack friends who stacks ass. All right everybody, let's hit
- 52:32the culture. Let's do this.
- 52:34Here we go. The daily culture.
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- 53:45All right, Opti, I'm excited man, because.
- 53:47It is time. It's going to be good.
- 53:49It is time. It is that time of the day.
- 53:52We're going to put the screen. Ladies and gentlemen, the goats
- 53:55are here. Opti can you make that full
- 53:56screen por favor? Yeah, yeah, I got you.
- 53:59I got you. Thank you, Sir.
- 54:01Actually, I'll I'll put on the audio that let's see, you can
- 54:04hear the goats and. We can hear the goats alright
- 54:06ladies, I'm going to do the first one the way that goats
- 54:09where Oh, someone already did it and.
- 54:16OK guys, before before we talk about SAT's project, the
- 54:19Lightning Goats, there is a good comment in here.
- 54:21And this is exactly what SAT wanted to talk about.
- 54:24So we got rock bottom on here and he goes, Bitcoin is the only
- 54:28place I feel safe to put my savings while I go on living my
- 54:31life. I think that's a perfect segue
- 54:33of what SAT wanted to talk about here.
- 54:35And if you guys hang out in the chat, you guys will see
- 54:37Lightning Goats commenting about this exact topic probably every
- 54:41other day. But the idea of saving in
- 54:44Bitcoin and living on the Bitcoin standard is an
- 54:47opportunity to get back your life.
- 54:48And so I'm going to just give you the floor sat and you can
- 54:51just talk about how awesome it is living on the Bitcoin
- 54:53standard. You know, it sounds like
- 54:57hyperbole, but everything does get better on a Bitcoin
- 55:01standard. I don't want to lie to you guys
- 55:05or anything. There are times when it's not
- 55:07easy in the depths of the bear market when all your Fiat value
- 55:11that you have inside of Bitcoin goes down a whole bunch.
- 55:17There are times when you kind of wonder if you're doing the right
- 55:20thing. But if you go through a cycle or
- 55:22two, you kind of learn that there are up times and down
- 55:26times and that the down times are super duper important
- 55:30because they teach you all these really amazing skills.
- 55:35Earlier I I mentioned efficiency.
- 55:40Living efficiently is super duper important when when you're
- 55:44in the depths of the bear market and knowing that every SAT that
- 55:49you spend is going to be worth 10 times as much in a year or
- 55:54two, that kind of thing. But yeah, it is awesome.
- 55:59I've been on a Bitcoin standard myself since 2017, living off
- 56:04grid in an Earth ship. That means that all of our heat
- 56:10comes from the sun, all of our electricity comes from the sun,
- 56:15all of our water literally comes from the sky.
- 56:18We harvest all of that ourselves.
- 56:22We don't have a lot of recurring expenses other than those that
- 56:26are kind of in imposed upon us by the government, right?
- 56:32You know, we owe in our place free and clear, but we still
- 56:34have to pay property taxes every year.
- 56:38I have to grudgingly sell a few of my SAT so I can pay the
- 56:42freaking government not to take my HomeAway, right?
- 56:46So there's those kinds of things.
- 56:48But my personal experience with this whole thing is it just
- 56:56keeps getting better. Happiness increases.
- 56:59It's as if you wake up and you're in a new universe.
- 57:03You know, it's like you're on a movie, that one day your life is
- 57:07going all crappy and everything is in black and white.
- 57:10And you discover Bitcoin and nothing really changes for a
- 57:14certain amount of time. And then the light bulb goes
- 57:17off. The lightning bolt literally
- 57:18hits you and you kind of have this moment of illumination and
- 57:23aha. And from that time onwards,
- 57:26everything kind of becomes centered around this idea of the
- 57:31future. You know, when you first got
- 57:34involved, you were thinking, dude, I'm going to get some
- 57:37insane games. I'm going to make a lot of
- 57:39money. I'm going to go out and get a
- 57:42Lambo and fucking jogging suit, you know, be a clown.
- 57:47It's going to be awesome. But when the light bulb goes
- 57:50off, everything changes and you start thinking, ah, now I see 10
- 57:55years from now things are going to be completely changed.
- 57:58The world is going to be changed.
- 58:00All those thoughts that I had in the back of my head about
- 58:04wanting to live in a good world where there was justice and
- 58:07there was freedom and people were just generally good to each
- 58:11other. Dude, it's happening.
- 58:15There are other people that are that are interested in these
- 58:18things as well, right? That's what you also discover
- 58:20when you're on a Bitcoin standard.
- 58:23You come across random people in the world that in the course of
- 58:27conversation, somebody says one of those words that we tend to
- 58:31say here on these shows or when we're chatting on the Internet
- 58:35and stuff that clues you in that, oh, they're a Bitcoiner.
- 58:39And so you say, dude, I heard you say this and I'm a Bitcoiner
- 58:45too. And they're all sudden you have
- 58:46like this friend that you've never known before, that you've
- 58:49just met, that you have all these commonalities with.
- 58:53And you realize that there's other people out there in the
- 58:57world who are working towards the same future that you are.
- 59:01You know, you get this hope. You know, we were just saying,
- 59:05you know, Fiat runs on fear, Politicians run on Fiat.
- 59:10Well, Bitcoin, man, Bitcoin runs on hope for the future and
- 59:14willingness to work towards that future.
- 59:17In Fiat world, man, it's all about complaining.
- 59:20It's all about saying Trump fucked things up, Biden fucked
- 59:26things up. All these politicians are
- 59:28fucking shit up. You know what I mean?
- 59:31There's no responsibility in Fiat world because really
- 59:36there's no incentive to take responsibility.
- 59:38You can just print more, right? In Bitcoin world, you have to
- 59:43take responsibility. There's real consequences to
- 59:47your actions. And when you encounter other
- 59:49people out there in the world who are Bitcoiners that you
- 59:53didn't think were Bitcoiners, that suddenly you realize
- 59:56they're Bitcoiners. You realize that they kind of
- 59:59get these same things too, that they value work, they value
- 1:00:03truth. To value honesty, you know, it,
- 1:00:08it's, it's awesome. I'd much rather live in a world
- 1:00:11that's based upon these kinds of ideas than the world I used to
- 1:00:16live in back before I discovered Bitcoin.
- 1:00:20You know, I almost wanted this stuff to be true.
- 1:00:23But in Fiat world, it, it, it just seemed like a pipe dream,
- 1:00:28right? Like, Oh yeah, someday in the
- 1:00:32far, far future there will be a utopia where all these wars
- 1:00:37aren't happening and stuff. But you know, I'm kind of stuck
- 1:00:40here living this life where everything just gets worse over
- 1:00:44time, right? Well, Audie, that's not true.
- 1:00:49On a Bitcoin standard, it's sort of the opposite.
- 1:00:52You know, your time horizon gets further and further out.
- 1:00:57You start thinking decades into the future, you start wondering,
- 1:01:00jeez, everything's going so great.
- 1:01:04Maybe I need to have more Bitcoin because dude, I might
- 1:01:08end up living to be 120 in a world of freedom and
- 1:01:11awesomeness. I might live to be 150.
- 1:01:14I don't know. I have to plan for the future.
- 1:01:17You know, it's a different way of thinking of things and it's
- 1:01:21just awesome. And I want to thank everybody in
- 1:01:25the troll box in the chat, all the viewers, everybody who
- 1:01:29interacts with the goats on Noster, everybody who's been
- 1:01:34supportive to my Bitcoin journey in one way or another.
- 1:01:39You know, whether it was somebody like Andreas
- 1:01:42Antonopoulos, who I've never met, but he's just hugely
- 1:01:46inspiring to people like Opti, who always just have this great
- 1:01:51smile and doesn't give a fuck when you give him crap, right?
- 1:01:55You bust his chops and he's just like, yeah, it doesn't matter.
- 1:01:58I'm on an order standard. Screw you guys.
- 1:02:00You know, it's, it's great. Absolutely yeah, wait sat before
- 1:02:07before we wrap this up guys, sets taking all my sets.
- 1:02:10I'm feeding these goats alone anyways anyways, set before we
- 1:02:13went live. You you said as phrase that I'm
- 1:02:16going to steal from you now and I'm going to say this on the
- 1:02:20show as much as possible, but you said like life on a Bitcoin
- 1:02:25standard is is you know a life of optimism.
- 1:02:28We talk about that all the time, but you said the way of Opti is
- 1:02:32the way. Can you explain this?
- 1:02:34The way of Opti is the way, and what I mean by this is Opti's
- 1:02:40optimism is the key thing when you're on a Fiat standard.
- 1:02:46It's about pessimism, man. That's what I was just saying.
- 1:02:49You know, everything sucks when you're on a Bitcoin standard.
- 1:02:53You kind of become one of the people who have joined the
- 1:02:56legion of Opti, so to speak. You understand the correctness
- 1:03:00of Opti. You know, the Opti of reality
- 1:03:04and what it is all entailed in is an optimistic view of the
- 1:03:08future, dynamically adjusting to the situation around you and
- 1:03:13realizing that yes, it is all going according to plan.
- 1:03:18It's it's awesome. It's great this is how we win is
- 1:03:23by pure unhinged optimism in the face of.
- 1:03:26All. Nihilism.
- 1:03:28Oh man I bro completely completely agree.
- 1:03:31Bitcoin is hope Bitcoin. Is optimism.
- 1:03:37Oh man. Wait, wait, wait.
- 1:03:38Before we go though, Nico, I know it's Friday, we want to get
- 1:03:41to the meme reviews, but guys let plug lightning goats.
- 1:03:45So go to YouTube, check out the Lightning goats, the live goat
- 1:03:49feeder we're feeding. We're gonna make the goats fat.
- 1:03:52Taking all my money right now. So set maybe just give give the
- 1:03:59audience the details on the Lightning goat feeder and then
- 1:04:02we'll go into the Friday Meme review.
- 1:04:06Briefly speaking the the Lightning goats or a herd tribe
- 1:04:10or trip of goats. All of those words apply that
- 1:04:16are online streaming every day on YouTube and they are an
- 1:04:22orange peeled Bitcoin lightning enabled noster integrated bunch
- 1:04:28of goats and a goat feeder. It looks like it's kind of
- 1:04:31broken right now, but it's good. You know when you guys break the
- 1:04:37feeder, it gives me something to code on.
- 1:04:39You know that's a great thing. You know that's a.
- 1:04:43Man, all right everybody, we'll check out Lightning Goats and it
- 1:04:47is Friday, so you guys know what time it is.
- 1:04:49It's time for. Did you guys see me making the
- 1:04:52goats fight for this? Bro, that's fine.
- 1:04:55OK, What's the name of the goat we got?
- 1:04:57We got Dexter the goat in the house.
- 1:05:00All right everybody, let's hit Opti's Friday meme review.
- 1:05:04Opti's Friday meme review All right, boys and girls, girls and
- 1:05:15boys, but mainly boys. It is Friday and we're not rug
- 1:05:19pulling you on the meme review this week, so you are another
- 1:05:23deal. Tag me on Twitter for the time
- 1:05:26being. You guys can tag my personal
- 1:05:27account at Optimus Fields or drop them in our Telegram group.
- 1:05:32Simply Bitcoin. I think it's TV on Telegram.
- 1:05:35T dot me slash simply Bitcoin or simply Bitcoin TVI forget
- 1:05:39anyways, as you can tell from today's news story, it is our
- 1:05:45meme world and everyone else is just living in it.
- 1:05:47So tweets are the bullets memes are the artillery.
- 1:05:49You are frontline soldiers on what's it Nico?
- 1:05:52You're our frontline soldiers on the battleground of the Internet
- 1:05:54as we take down the trillion dollar sign up campaign of the
- 1:05:58globalists and usher in truth and a better world on the
- 1:06:02standard. I modified it.
- 1:06:06I modified it a little bit OK so as you already know, drop your
- 1:06:11meme review score in the chat. We will cover it live as I
- 1:06:14covered these memes. So this first one is like Glocky
- 1:06:17AKA at cluckies under score on Twitter and just goes hashtag
- 1:06:21Bitcoin. And I thought this one was
- 1:06:23hilarious and goes normies when they understand money and you
- 1:06:26see this kid he's just crying like wait, what is that what
- 1:06:29money is? Wait, is it just all government
- 1:06:32debt I'll use? Wait, is this not even worth the
- 1:06:35paper it's printed on? Oh my God, what is going on?
- 1:06:37Why do I slave away for paper cuck bucks?
- 1:06:40Anyways, next one is my joker, AKA at Boomstick 44, and we got
- 1:06:44the classic Steven Crowder here sitting at the table.
- 1:06:47You know, convince me otherwise, and he goes capital gains tax.
- 1:06:50Is the government taking profit after debasing the currency?
- 1:06:53Change my mind. Exactly.
- 1:06:55Once you understand the scam, you can't go back.
- 1:06:59All right, this next one. This next one's hilarious.
- 1:07:02All right, we got BTC Padre here and we got some person going
- 1:07:07under the urinal or the toilet stall wall and they got a mask
- 1:07:13on and it goes, I'm never going to buy Bitcoin.
- 1:07:17And BTC Potter goes, please don't.
- 1:07:21Bitcoin is for anyone. And if you want to fight
- 1:07:23Bitcoin, have fun staying poor. This is the way.
- 1:07:26All right, there's next one shouts at the bitch scene.
- 1:07:28One of the OG Bitcoin memers out there.
- 1:07:31And this is from the movie The Network.
- 1:07:33I believe that's what no is it called the network?
- 1:07:36The social network. The Social Network.
- 1:07:38There you go. You know where we got Justin
- 1:07:40Timberlake and he's telling Zuckerberg how to make his
- 1:07:43things cool. And it's that one scene, but we
- 1:07:47have modified it and it goes drop the O just Dell it's.
- 1:07:51Cleaner that. Way oh man, there's such a meta
- 1:07:55Bitcoin nerd meme. I love it.
- 1:07:56OK, next one is already under score BTC and it just goes
- 1:07:59hashtag Bitcoin. And we got the classic meme here
- 1:08:02of the guy levitating and he goes billionaire stacking 50
- 1:08:06times Bitcoin and then it's me stacking .0005 Bitcoin running
- 1:08:11down the hallway with laser eyes.
- 1:08:13It's going exactly as planned boys and girls.
- 1:08:15It's going exactly as planned. Okay, And this next one is by
- 1:08:20coin Infinity and this is the message.
- 1:08:22We cannot stress enough on this show.
- 1:08:23And it goes exit Fiat. And there's a quote here and it
- 1:08:26goes, Bitcoin is not a trade, it's the exit guys.
- 1:08:29Once you understand this, it's not the investment, it is the
- 1:08:33safety boat because the Fiat system is effed and chefs at the
- 1:08:37Vishnak. I, I just added this one.
- 1:08:39You know, I had to make a little audible here because this one is
- 1:08:42hilarious. So Nico, buckle up, Vishnak it
- 1:08:46goes breaking the Overton window and we have Nico here, election
- 1:08:49stolen taxes, the creeping surveillance and then Nico
- 1:08:52freaking out. I want to talk about singing.
- 1:09:01Oh, man. All right.
- 1:09:02This is why the Friday meme review is so much fun.
- 1:09:05OK, All right, Like Mika's even getting red here.
- 1:09:07I love it. OK, wow.
- 1:09:12I'm not prepared at all. I did not.
- 1:09:14I did not get me a oh, oh, I got one.
- 1:09:17I got one. All right, Speaking of Sal, all
- 1:09:21week here, like, I'm going to pull it out.
- 1:09:22I'm going to pull it out. He gave me this Lego in at
- 1:09:27bitlock boom and it's a little cypherpunk bitcoiner Lego guy
- 1:09:34with a coin and the bee on his chest in a Mohawk.
- 1:09:41Shout out to sow Appreciate it bro, Appreciate it.
- 1:09:43All right, your training. I'm gonna give it this croc
- 1:09:49thing, this heart dad heart thing.
- 1:09:53That's what I would give it. What about you, Sat?
- 1:09:56What would you give those memes? Let's see what.
- 1:10:01Is a study Bitcoin sticker. Study Bitcoin sticker.
- 1:10:04All right nice fire fire good memes overall guys, if you're
- 1:10:08new to the show, the way the meme review works is you rate
- 1:10:11the meme, put your score in the chat, then we will read it live
- 1:10:14on the show. All right, 1st meme score is
- 1:10:18bye. BTC is true memes for unlicensed
- 1:10:24money transmitters draining the Fiat swamp.
- 1:10:27We got a lane in the house. We missed one.
- 1:10:32We missed one. Which one?
- 1:10:33Just do a lane. I'll I'll pull.
- 1:10:35Them up let. Me if you follow sailor, you
- 1:10:37won't be a failure. Don't be.
- 1:10:39Don't get stuck in cash a pile of trash.
- 1:10:41Just keep your Bitcoin and your very cold stash.
- 1:10:44Absolute fire. We got Matt Fry rate the memes a
- 1:10:47happy Bitcoin birthday to my nephew.
- 1:10:51We got Tyler, Durden says. I score my spork very, very
- 1:10:55good. We fully read this one, but
- 1:10:58yeah, I think you. Can opti pro slavery apple maxi
- 1:11:02feels my waifu yelling from the other room.
- 1:11:05Tell those low IQ regards. I need to pay my husband and
- 1:11:08Sats to buy wireless headphones because I'm sick of being
- 1:11:11indoctrinated by you every day. We got this knock in the house.
- 1:11:16Opti will never leave the US. He is a domestic optimist 1.
- 1:11:20100% we got BTC. Believer Biden trying to
- 1:11:24remember why he's scared about Bitcoin.
- 1:11:26We got Phil C in the house. I give the means.
- 1:11:30Long talks over the phone between Saylor and Dell.
- 1:11:34Very nice. It's true.
- 1:11:35Man, I I wonder what they said on that phone call.
- 1:11:37We got Robert Schmidt in the house.
- 1:11:39I give the memes a mustache for Oxy I.
- 1:11:41Feel attacked? We got Loco TX 4 cabrito tacos
- 1:11:45made from the lastest, the fastest, the fattest lightning
- 1:11:48goat that is hilarious. And of course, last meme at last
- 1:11:54score is Keith. I gave the memes 4 sat per byte.
- 1:11:58And let's check over on Rumble to see if we got any score.
- 1:12:03Rumble is sleeping anyways. And the last one by Mac.
- 1:12:08We got memes for Man Goat. Anyways, guys, that was simply
- 1:12:13Bitcoin Live. This is the episode for Friday,
- 1:12:17June 21, 2024. I hope you guys enjoyed the
- 1:12:20show. If you did smash the like
- 1:12:22button, consider subscribing if you feel like we've provided you
- 1:12:24value. I'm your host Nico.
- 1:12:26It's my legendary Co host Optimist field.
- 1:12:28Our guest for today sat in the house lightning goats for the
- 1:12:32win. Go check out his YouTube
- 1:12:33channel. You guys have an amazing
- 1:12:35weekend. Go touch grass, enjoy summer and
- 1:12:38don't worry, we'll be back on Monday.
- 1:12:40Also, next week we will be streaming mining disrupt from
- 1:12:43the simply Bitcoin YouTube channel.
- 1:12:46So on Tuesday and Wednesday we might be taking some time off,
- 1:12:51don't know. I don't know if we'll be able to
- 1:12:53stream the conference and whatever, so we'll keep you guys
- 1:12:56plugged in, but we will be back on Monday.
- 1:12:59Opti's going to be doing the show in the flesh with me live
- 1:13:02from Miami. So it's going to be a great
- 1:13:03time. Guys have an amazing weekend.
- 1:13:05Touch grass, unplug bitcoins not going anywhere, and neither is
- 1:13:10simply love you guys enjoy the weekend.
- 1:13:14We'll be back Monday for a brand new episode.
- 1:13:15Take care, everybody. Episode was brought to you by
- 1:13:20bitcoinwell.com on a mission to enable independence.
- 1:13:44Goat me. Me, yeah.