Latest / Simply Bitcoin / Bitcoin Gets HUGE Win Against Federal Government | EP 934

Transcript

Bitcoin Gets HUGE Win Against Federal Government | EP 934 · Simply Bitcoin

0:03
It's. All going to zero against
0:06
Bitcoin. It's going up forever.
0:16
You're against Bitcoin. You're against freedom.
0:24
Yo, good morning. Welcome to Simply Bitcoin, the
0:27
number one daily live Bitcoin show on YouTube, Twitter and
0:31
Rumble. We cover breaking news, culture
0:33
and nomadic warfare. And we bring on bit corners from
0:35
all around the world, from the biggest names to the everyday
0:38
savage bit corner. And we will be your guide
0:41
through the separation of money and state.
0:43
And we are seeing the separation of money and state happen in
0:47
real time. We're seeing both sides of the
0:49
aisle fighting over freedom, money, and today's news, as you
0:53
guys can tell from the title. A few weeks ago we saw that the
0:56
US Energy Information Administration came out and said
0:59
that they're going to survey Bitcoin miners and audit their
1:02
electricity use and then see whether the electricity
1:05
consumption is too much. And they stated this as an
1:08
emergency collection of data requests to assess the energy
1:12
implications of Bitcoin mining in America and learn how the
1:16
Bitcoin mining sector is evolving.
1:18
Obviously we tore this down when the news came out.
1:21
That was about two weeks ago, around the beginning of
1:23
February, February, and over the weekend we saw that the EIA is
1:28
temporarily suspending this survey after a lawsuit from a
1:34
very prominent Bitcoin mining company called Riot.
1:36
So you just love to see it that we are seeing in real time.
1:40
It just goes to show that pushing back against the
1:42
narrative is working. Guys like you have an effect on
1:46
what is going on in Bitcoin and all we really need to do is we
1:50
say all the time, I know it's not Friday, but this is the
1:54
separation of money and state and memes are the bullets and
1:58
tweets are the artillery, and you have power in communicating
2:03
and spreading the signal and waking up people and pulling
2:07
them out of the matrix. This is how you usher in the
2:10
Bitcoin standard. And then on the numbers guys, I
2:14
saw this very powerful clip going out.
2:16
It was actually on, I guess it was Steve Bannon's War room.
2:20
And again, you know, we are bitcoiners.
2:23
We do not lean on any side of the aisle.
2:25
I think Bitcoin and being a bitcoiner is a new political
2:29
class, but we saw List Trust, former UK Prime Minister, come
2:33
out and expose the power of central banking.
2:36
Again, we've been weaving in all these different themes on the
2:40
show where we're seeing in real time that the Bitcoin signal,
2:44
what US bit corners have been talking about for over a decade
2:47
now, is starting to make way into popular culture.
2:51
And it's very funny. Even in that clip she's asked
2:55
whether she's a conspiracy theorist.
2:56
She's like, no, this is what I've experienced.
2:58
So guys, we are getting to a point where what US bit corners
3:02
have talking about, it's no longer just some random niche
3:05
thing on the Internet. Almost everyone is feeling the
3:09
pains that we talk about constantly, whether it's
3:11
inflation, whether it's the control of information, whether
3:14
it's the control of the monetary network at large.
3:18
We are seeing that the signal is spreading and you just love to
3:21
see it as a big corner that talks about it constantly.
3:24
I said all the time, our job gets easier and easier every
3:28
single day because more people are waking up to the scam that
3:31
is Fiat money and we have the solution.
3:35
It is simply Bitcoin. Everyone I think knows about the
3:39
problem. Well, rather almost everyone
3:42
that is awake knows the problem. Few know the solution.
3:45
And of course, guys, I'm not alone.
3:46
So as you can tell, I'm hosting the show today.
3:48
Nico just had a child, so you guys sent him some love last
3:52
week. It was great.
3:53
He still has to deal with some stuff.
3:55
I think he's moving today so that he can, you know, secure
3:59
the family, get his family involved.
4:01
But I'm here with the one and only Winekus.
4:04
So, hey, is this ABK takeover today?
4:08
No, I. Think this show will be a little
4:10
less serious? No.
4:12
Serious. Sorry, I'm not Nico everyone,
4:14
but hopefully there's there'll be a little entertaining, you
4:17
know. Let's go.
4:19
You made me small on the thumbnail and your head way
4:21
bigger than mine. And I think people are here
4:24
actually to listen to me. So next time, you know, make me
4:27
like big, like like how you have Elizabeth Warren huge on the
4:30
side. I want to be like like take up
4:33
30% of the thumbnail. Wow.
4:35
Well, why? And the coming in strong is
4:37
everyone's favorite influencers. Favorite influencer?
4:40
Well, I'll do my best. Congrats to Nico, you know he
4:45
had a baby girl. So we do need more women in
4:48
Bitcoin and maybe this is the this is the route, you know the
4:52
the events will have more women, but it could take like 20 years.
4:57
Oh man, wow, we're already going to get cancelled early.
5:00
This is great. This is great.
5:02
This is great. I mean the best way to make more
5:05
bitcoiners is to literally make more bitcoiners propagate the
5:08
memes as my friend Joe Rogers always says yes.
5:11
Exactly. Anyways we are not alone.
5:13
We had technical issues last week so we brought our good
5:17
friend surfer Jim back on. We got his audio and visuals
5:21
working today. So I'm super excited and and a
5:24
little you know context here. Jim is the like legitimate
5:28
reason how this simply Bitcoin team was created.
5:32
He was shilling Bitlock Boom to us back in.
5:35
I forget what it was, 2021 on a Discord server, on the BK
5:39
Discord server. And Jim just went off on me.
5:42
And Nico's like, you guys got to get the big block boom.
5:45
And we were like, I don't know, maybe we just need to stack
5:47
stats. He's like, no, you need to go.
5:50
This is where all the bit corners are and the rest is
5:52
history. So Jim, thank you so much for
5:55
literally influencing us and and changing the trajectory of my
5:59
life. So Jim, honored to have you
6:01
here. It's, it's a pleasure.
6:03
And then we're going to talk about what Jim's been working
6:05
on. He just joined the Bitcoin
6:07
Advisors and Jim, again, I, Jim's a good friend and I think
6:13
he's an excellent example of the idea of living your message of
6:18
the proof of work, lifestyle. Bitcoin changes you.
6:20
You don't change Bitcoin. And Jim's that guy, man.
6:24
He's also got the optimistic, positive view on the world.
6:27
So I just love talking with Jim. Anyways, Jim, how you doing this
6:29
morning? Dude, that was an amazing
6:32
introduction. Holy crap.
6:34
Yeah, I'm doing great. I'm happy guy.
6:37
Pretty much more stoked than you regularly, right.
6:41
My Twitter tagline, No, I I I'm trying to live the life I want
6:46
to live. I like Jeff Booth's thing.
6:48
You know, build the world you want to see or that kind of
6:51
thing. So I talk what I believe.
6:53
I try to help people. I educate.
6:55
I do the best I can. What I find so interesting
6:58
though is is Bitcoin opens your eyes to the things you're you're
7:03
you're not able to see or you're you know it's just it's hard to
7:06
see the amount of things that are wrong in the world and how
7:09
Bitcoin fixes so many things. And so it it's one of the
7:12
reasons I was so adamant with you and Nico regarding the going
7:17
and meeting people. Now of course none of us had any
7:20
idea this was going to end up like the career that you have
7:24
and I'm way because I I knew you guys you know way back in the
7:29
day, right. But I just, we got along great,
7:31
like, look, Bitcoin Kindergarten, right, is how is
7:35
how it started for us, kind of right.
7:37
When Nick and you started that Channel and I was on pretty much
7:41
every time you broadcast, 'cause I was like stoked.
7:44
I wanted to help people learn about Bitcoin and and it just
7:47
kept going and you know, OK, what we say to everybody, I get,
7:51
I get it. If you got to stack stats and
7:53
you got to put off building relationships, it's not up to me
7:56
to value what you have to value for your life.
7:59
But we all know that having gone out and met the other people in
8:02
Bitcoin that are around the world that see things like us,
8:05
it's changed our lives. And I would say for the better.
8:08
And everybody I talk to in Bitcoin is the same thing.
8:11
So for me, it's been worth it. I've spent a huge amount of
8:14
money going to a lot of conferences.
8:16
But I'm also an older guy. You guys should stack is maybe a
8:20
little harder than me. I don't know.
8:23
Well, no, I don't know about that.
8:25
But I'm pretty satisfied. I've accomplished a good amount
8:28
in my life. I'm.
8:29
I'm about to change it up because I think you guys know
8:32
I'm so I'm going to be parting my construction career and I got
8:37
some people that were planning to take over the the business I
8:39
created and that'll allow me to do other things.
8:42
And you mentioned it earlier, I'm working with the Bitcoin
8:44
advisor, which gives gives me the opportunity to teach people
8:47
every day about Bitcoin. And I can't be happier to do
8:49
that because I love when people get that, you know, that that
8:54
moment where they go, no way. That's what this is.
8:57
So I can't be happier to have found, you know, the people in
9:01
Bitcoin that I found and the opportunities that have come
9:03
along and just be able to hang out with you guys and chat and,
9:05
you know, talk about our road to where we are so other people
9:09
maybe get a little optimistic about what they're doing with
9:11
their lives. I just love the whole thing
9:13
around Bitcoin. Everything's just awesome.
9:15
Love it. Couldn't agree more.
9:17
We're we're privileged to be able to talk about Bitcoin every
9:20
single day. And I I actually orange peeled
9:21
someone this weekend and I also like it felt good because I got
9:25
jaded for a while where I'm like man, no one listens to me except
9:29
for people on the Internet. And then when you talk in person
9:31
and someone gets it in real time, you're like Oh yes, this
9:34
feels good. Like I literally helped raise
9:36
the vibration of planet Earth by just orange peeling one person
9:40
and man, it just felt good. It just felt really good this
9:43
weekend. Anyways, let's get into the
9:44
show. We got a lot to cover, but
9:45
before before we do that, go check out bitcoinwell.com.
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millions of SAT. So there is an incentive for you
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guys to sign up to bitcoinwell.com currently, But
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of course we're on the mission to enable independence, make
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sure people are saving in Bitcoin, taking Bitcoin into
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And This is why we love bitcoinwell.com is because our
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motto our our world views align. Anyways, let's get into the show
10:48
because we got a lot to talk about.
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Anyways, let's get into the numbers guys.
12:01
You already know we're over here on Clark Moody's dashboard, one
12:04
of my favorite dashboards. There's a lot of good Bitcoin
12:06
dashboards but Clark Moody and it it feels like the OG one and
12:09
I just always go back to it anyways.
12:11
My opinion the most important number is the block height.
12:14
It's almost like Bitcoin works guys.
12:16
Tick tock next block. Bitcoin is currently at a block
12:18
height of 832,156. The Bitcoin price We broke 53K.
12:24
This morning. OK, guys.
12:26
It's looking like, uh, it's looking like Wall Street's in
12:28
control of the price right now. We hopefully we get back to
12:31
weekend pumps, but apparently you know we're we're pumping on
12:34
Mondays now. So I guess we're in a new era,
12:36
which means that the stats per dollar, AKA how much your dollar
12:40
is worth in Bitcoin, AKA how much Bitcoin you can buy for a
12:44
single dollars. Currently at 1877 SAT per
12:48
dollar, the total percentage of Bitcoin that will ever be issued
12:51
is at 93.51%. The market cap of Bitcoin?
12:55
We're inching over 1 trillion. There we go, $1.05 trillion.
12:59
The realized monetary inflation of Bitcoin taking Fiat
13:02
currencies of school is 1.74%. The Bitcoin versus gold market
13:05
cap is inching up. We're almost at 10% right now.
13:08
We're at 7.59%. I wonder how long it will take
13:10
for us to get to 10 percent of the gold market cap and the
13:13
total public lightning capacity is currently at, or at least
13:16
what you can see 4581.32 BTC. The hash rate, the last when's
13:23
it's coming, it's coming. The hash rate the last 90 days
13:25
is 530.9 extra hashes. The pending fees guys, FYIFYI
13:31
the mempools seem to be clearing out.
13:33
I think I saw over the weekend that you can get sub 10 sat fees
13:37
right now. So if you've been waiting for
13:39
the mempools to clear out to consolidate your UTX OS, maybe
13:43
is a good time to be doing that. The current pending fees at
13:46
least to the mempool that Clark Moody is connected to a 5.45 BTC
13:51
and then the blocks to the halving 7844 blocks till having
13:56
having estimated is roughly April 19th 2024.
14:01
So the. Miners need to slow down a bit.
14:03
They need to stop that. At 4/24/19, that's not going to
14:08
be fun. Can we hit the meme?
14:10
Number Life is memes, Memes is number.
14:13
Wait Life is memes. Memes is life.
14:15
Memes off if that's how it works.
14:16
Yeah, turn them off. No, no, no, whatever, whatever.
14:19
Anyways, of course, guys, we're updating you on the spot Bitcoin
14:23
ETS because they are taking all the Bitcoin, They're hoovering
14:25
all the Bitcoin. And I think as we can see today,
14:28
you know, Bitcoin broke 53 K this morning.
14:31
You're starting to see the digital scarcity start to kick
14:34
into effect because hey, there's a lot of demand for Bitcoin and
14:38
at today's price, there's not that much Bitcoin to go get
14:42
around because bitcoiners know what they hold and they do not
14:45
want to part with it. Anyways, you can see here you
14:47
know Grayscale Bitcoin Trust 445,387.
14:53
I think what we're seeing is a lot of that Bitcoin in the
14:55
grayscale ETF is or I guess trust is starting to recycle
15:00
into all the other ETFs. The BlackRock iShares is
15:04
currently at 130,231 and the Fidelity ETF is at 92,673.
15:13
They're just head and shoulders above everyone else.
15:17
We're starting to see that the market is separating themselves.
15:20
All the spot Bitcoin ETF is either going to the Black Rock
15:23
or fidelity right now. It is what it is, you know,
15:25
winner takes all, apparently on the free market of Wall Street.
15:31
I don't even know if I could even say that.
15:32
I don't think that makes sense anyway.
15:34
Anyway, let's get into the numbers today because I think
15:36
this is a very important video here.
15:39
Again, you know, we're just dudes on the Internet.
15:42
We're just bit corners that started making content.
15:44
So we see things. You know, we've studied Bitcoin,
15:48
we studied Austrian economics. We have a certain perspective of
15:52
the world, and what we try to do here is bring on as many people
15:57
as possible from every circle of the world, basically saying what
16:00
bit corners have been saying. And I've been touching on this
16:03
thing for a long time, that I fundamentally believe that the
16:06
Bitcoin signal is starting to go mainstream.
16:09
You're seeing people that aren't even bitcoiners that probably
16:14
wouldn't be saying the things that bitcoiners have been
16:16
saying, start to say this in very public spheres.
16:20
On mainstream media, you're seeing this on alternative,
16:23
really strong alternative media channels, you're seeing people
16:25
talk about Bitcoin and I know it's Monday and you guys play
16:29
the the drinking game, but the Overton window is shifting, boys
16:33
and girls, and the Bitcoin signal is going mainstream.
16:36
We have crossed the Rubicon into public consciousness and it's
16:40
only going to increase everyone and their mother by the end of
16:44
2024. And the beginning of 2025 is
16:47
going to be talking about Bitcoin.
16:48
The Bitcoin signal is going to spread to every corner of the
16:52
world. Anyways, this video here, you
16:55
see this guy, a concerned citizen again, Just, you know, a
16:58
random guy on Twitter spreading the signal and he goes, holy
17:01
crap balls, did a former UK Prime Minister just call out, as
17:07
Niko likes to call it, the administrative state is not
17:09
really the deep state anymore. And central bankers, central
17:12
bankers and those that own them have forever ruled the world and
17:15
people are finally waking up. All right, so let's watch this
17:19
video real quick. It's short and sweet, but it
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says what we say all the time. And you know, even Steve Bannon
17:25
questions her, obviously playfully.
17:27
Like, are you a conspiracy theorist?
17:29
And she's like, no, this is what I've experienced Anyways, pure
17:32
signal in this one minute, guys. Check it out.
17:35
I found out when I got into #10 is I thought that if I got to
17:39
the top of the tree, I would be able to implement those
17:42
conservative policies. Do you think once your Prime
17:44
Minister as a little girl thinking if I get Prime
17:47
Minister, I'll be like Churchill, I'll change the
17:49
country? That's not how it works.
17:51
Exactly. And what I discovered was that I
17:54
was not holding the Leavers. The Leavers were held by the
17:59
Bank of England, the Office of Budget Responsibility.
18:03
They weren't held by the Prime Minister or the chancellor.
18:06
And I think that's a massive. That's a massive.
18:08
Problem. Hang on, You're saying the
18:10
central bank, the Bank of England is one of the things
18:12
that controls. Are you a conspiracy theory
18:14
person? You almost sound like worm.
18:16
You're. You're MAGA.
18:18
What what I'm saying, Steve, is that if the Bank of England
18:22
governor can't be sacked and the Prime Minister can be sacked,
18:28
then the Bank of England governor is going to have more
18:30
power than the Prime Minister and that is a problem in a
18:33
democracy. How many times have we said
18:37
this, guys? We always say the same thing.
18:39
Fix the money. Fix the world.
18:41
The true controllers of power are the controllers of money,
18:45
the central banks and their ilk. And This is why they so actively
18:49
attack Bitcoin is because hey, if you take away the power of
18:52
the money printer, then all of this crumbles and they dwindle
18:56
in size and power. And again, guys, before everyone
19:00
says like you guys are getting political, separate the politics
19:03
from this. We say it all the time.
19:05
It's not left versus right. It is orange versus green.
19:07
It's the individual versus the collective.
19:09
And that's why the meme of fix the money, fix the world is so
19:12
powerful because we understand that the root cause of the
19:15
problem right now is the control over the money.
19:18
This is why we start the show with We will be your guides
19:20
through the separation of money and state.
19:23
And if you can take away the power of the money printer and
19:26
the powers that be can't fund all of this crazy stuff we're
19:28
going on and seeing in the world.
19:30
But I really like this tweet and this is where I got this video
19:33
from. SO shouts out to Dick Whitman on
19:35
Twitter for reposting this, but this is a classic quote.
19:39
I'm sure you guys have heard it before, but if this is the first
19:41
time you're hearing this, remember what Liz Trust just
19:43
said. Remember this classic tweet or
19:46
quote attributed to Nathan Rothschild?
19:48
Give me control of a nations money supply and I care not who
19:51
makes his laws. And, you know, I don't really
19:55
know too much about Steve Bannon, but I really love the
19:57
fact that he pushed back. He's like, wait, are you a
19:59
conspiracy theorist? Because this is what those bit
20:01
corners have been saying for a long time.
20:03
And for many years. When you talk about things that
20:05
bit corners have been talking about, they always say, oh,
20:08
that's just a conspiracy theory. And you're like, no, this is,
20:10
this is facts like you can, you can pinpoint this conversation
20:14
for a long time. We've seen this happen over and
20:17
over in history. And now The Signal is making
20:20
into popular consciousness. And you just love to see.
20:23
It just goes to show that the Bitcoin signal is super strong
20:27
and it is The way to fix the world is by taking the power out
20:31
of the money printer's hands. Anyways, I want to go to gym
20:34
first because I know Jim will get like a good rat.
20:36
What's your thoughts on Liz Trust and what she just said in
20:38
that clip? Obviously, I think you and I
20:40
have had these conversations in private, so I know that you
20:44
agree with what Liz was saying. I think you're muted, Jim.
20:52
Yep. Sorry about that.
20:54
Yeah. So I mean, I I can't disagree
20:57
with her conclusion, but part of it, she alluded to the fact that
21:03
somehow democracy would be better served if these people
21:09
didn't do that. And and she just wants somebody
21:12
else to be in power instead of the banker people.
21:16
So there's a lot going on there. But we know that the problems in
21:21
the world are an extension of the fact that a handful of
21:26
people, and I say that relative to the world population, there's
21:30
lots of people involved. But a handful of people get to
21:32
control the issuance and the regulation of money.
21:37
And in a way that we can't fight back because they pay their
21:40
enforcers really well to keep us in line.
21:44
Many people, you know, willingly pay their extortion taxes every
21:49
every year and every day, essentially when we buy things
21:52
because none of us want to get put in the box.
21:54
And unfortunately, there's outsized power to the people who
21:58
get to control money. And in a world where Bitcoin is
22:02
everybody's money, the only control you have over Bitcoin
22:06
is, is through the Bitcoin you acquire.
22:09
And we all know that in order to acquire Bitcoin in most cases
22:13
you have to provide goods and services willingly to somebody
22:16
that voluntarily hands over the Bitcoin because it's very hard
22:19
to steal. And so incentives could change
22:23
considerably in a Bitcoin world. And and you know I'm I'm of the
22:27
belief that if we if humanity ever sees that it might be
22:30
beyond my lifetime. But we could be in a world where
22:34
governments are a lot smaller and have a lot less power over
22:36
as many people as they do. I'm not saying we won't have
22:39
governance. I believe humans have to find
22:42
ways to govern themselves. But no small group of people
22:46
should be able to control the most saleable good in society,
22:50
which is money, because everybody uses it and needs it
22:53
in order to transact and and get through life and store their
22:57
value. And when one group can control
22:59
it, they can essentially steal people's wealth and they can't
23:03
stop it. And that's not good.
23:06
Couldn't agree more. Couldn't agree more.
23:07
All right, wine. What's your thoughts on all
23:09
this? Do I?
23:10
Do I have to be serious now I have some serious.
23:12
You you can you can take somewhere you want.
23:15
That's off the, you know, Bitcoin doesn't need really a
23:18
marketing department because the governments are so good at that.
23:22
For us inflation is kind of getting a little bit out of hand
23:26
and I think people around the entire planet are kind of
23:28
realizing that and it's just kind of it's nice seeing this
23:32
type of stuff in the media. Now you you had Bouqueli the
23:36
other day kind of talk about the Central bank, you had you have
23:40
Malay kind of doing that and now you hear this.
23:42
So it's just becoming a little bit more recognized and
23:46
hopefully some people are exposed to this type of media.
23:50
Yeah, 100%. I mean it, I think it's becoming
23:52
very obvious that what bitcoins have been saying have has been
23:55
right for so long. And of course like we don't need
23:59
the talking heads to talk about this.
24:01
But because that's Bitcoin is where we're very
24:04
individualistic. Like we, you know, I, I would
24:06
say still have a brain and still critically think out there.
24:09
But people listen to this. People still for some reason
24:12
hold these people to high esteem.
24:15
And when they're saying what we say all the time, it's like see,
24:18
it's not just random Bitcoin on the ender.
24:20
Yeah, on the Internet talking about it, everyone is exposing
24:24
what is actually happening in real time.
24:26
And you just, you just love to see that the signal spreading
24:28
and, you know, love or hate these people.
24:31
And you know, I don't, I personally don't even know too
24:35
much about any of these politicians or what they do.
24:37
I just hear little Nuggets of truth.
24:39
I'm like, look, they know the problem.
24:41
They've been seeing it from the inside.
24:43
They have a different vantage point from us.
24:45
But that signal is spreading and more and more people are going
24:48
to wake up to the fact that it's always been about the money.
24:51
It is always about the control of money.
24:53
And you can opt into a better system by just saving in Bitcoin
24:57
and living a good life. And it's just such a beautiful,
25:00
beautiful thing to be a part of. Anyways, let's get into the news
25:03
because I got a whole saga for you guys today.
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Like no cap, not chilling, but I've had pretty much every
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hardware wallet there is. This thing, it like it feels
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pristine. It really walks like the
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beginner through it really well. And this in the seat signer
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right now is like my favorite so and it looks like a phone.
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I think the Opsec is really nice so.
26:37
Wow. We we don't pay wine to shield
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that like that. But he he did that show for me
26:42
earlier. Oh my God, I'm, I'm going to put
26:44
you on the spot. Anything.
26:45
What do you guys want me to show?
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I have these $10 headphones from Amazon off the.
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OK. They don't pay us.
26:51
They don't pay us. That's enough.
26:52
That's enough. All right, guys.
26:54
All right. All right.
26:55
So as I was telling you guys in the beginning, you know we
26:58
covered this, I believe it was two or three weeks ago we saw
27:02
the whole Bitcoin community get up in arms about it.
27:05
You know, we we on Twitter get riled up over everything,
27:08
especially when people talk smack about Bitcoin and we mean
27:12
them to death metaphorically or yeah, metaphorically speaking.
27:16
This is mimetic war. We are all in the trenches and
27:19
what we constantly show on the on simply Bitcoin in particular
27:22
is the fact that the powers that be quote UN quote have lost
27:26
control of the manipulation of information.
27:30
They can't control the Internet, they can't control what you guys
27:33
talk about and their memes and their narrative just falls flat
27:37
every single time they go out there on Twitter and try to meme
27:41
whatever it is their new agenda is going to drop and they just
27:46
constantly get wrecked. They they can't deal with the
27:49
millennial Gen. Z autistic army of big corners
27:52
out there that are just so savage.
27:55
They they just go so hard in the paint when it comes to
27:58
information warfare. And anyways, let's start at the
28:01
beginning. So we have here the EIAAKA, the
28:05
US Energy Information Administration.
28:07
They tweeted on January 31st that we are initiating
28:12
collection of data regarding electricity use by US Quote or
28:15
#cryptocurrency miners. We'll ask about their
28:18
electricity consumption so we can better understand their
28:21
energy demand. Beginning next week we will
28:24
survey identified commercial cryptocurrency miners which are
28:27
required to respond with details related to their energy use.
28:31
The Office of Management and Budget authorized the surveys on
28:34
January 26th, 2024 as an emergency collection of data
28:38
requests. Remember guys, this is an
28:39
emergency and they need to dox every single miner and their
28:44
electricity producers because this is for the the well-being
28:47
of of America on planet earth and the energy grids.
28:50
We will also solicit public comment on the collection of
28:52
cryptocurrency miners energy use data.
28:55
I think that's where they messed up the solicit public comment on
28:58
the collection of mining energy use.
29:01
And again, here's their official press room.
29:03
You can see, you know, EIA to initiate collection of data
29:06
regarding electricity used by US cryptocurrency miners as an
29:09
emergency collection of data requests.
29:12
Remember, they will try to get away with whatever they can
29:14
under the guise if this is an emergency, hold on.
29:18
Excuse me, choking over here. Well, shout out to Riot
29:22
Platforms because they did a great job and so I'm gonna go
29:27
back into some of the contacts here.
29:29
This is Brian Morgenstern, who is the head of public policy at
29:33
Riot Platform. He did this great thread.
29:35
And again, what we saw on Twitter is when this news
29:38
dropped, all the bitcoiners were tweeting at it.
29:40
They were memeing at it. You know that they don't get to
29:43
just spit their narratives out there and get no Flack.
29:47
People were fact checking them. People are countering their
29:51
narratives. And I really like this thread
29:53
because it it fully just frames this in in a very, very strong
29:57
way. So here we go Brian.
29:58
He goes a thread on the EIA Gov so-called emergency mandate from
30:03
the Biden admin to collect and publish sensitive info about
30:05
Bitcoin miners and energy companies.
30:08
Buckle up. It is a politically motivated
30:11
attack on Bitcoin driven by the self appointed anti crypto
30:14
Senator, Senate Elizabeth Warren.
30:16
And then he goes on. There is no emergency and this
30:20
has nothing to do with transparency.
30:22
Bitcoin miners are one of the most transparent industries in
30:24
the world. The data shows miners enhance
30:27
grid stability and have a negative correlation with grid
30:30
stress. Our grid stabilizing effects
30:32
were obvious in January during the recent cold weather he's
30:35
talking about in Texas, which the EIA actually cites as
30:38
justification. This is really about making
30:41
private business information public so that fringe activists
30:45
can cherry pick from it to attack an industry they don't
30:48
like. And remember the White House
30:50
said the quiet part out loud in September of 2022 by signalling
30:53
a desire to limit or eliminate Bitcoin mining.
30:57
And you can see here the administration should explore
31:00
executive actions and Congress might consider legislation to
31:03
limit or eliminate the use of high energy intensity consensus
31:07
mechanisms for crypto, the ASIC mining.
31:10
And that's from the White House themselves.
31:12
And it goes the Biden's administration bias against
31:14
Bitcoin goes hand in glove with this enthusiasm for a CBDC.
31:18
They want to track and control your spending.
31:21
The industry much band together to fight overreach and Bitcoin
31:25
did exactly that when the EIA wanted to dox the power
31:29
providers of public Bitcoin mining companies.
31:32
Anyways, I'm over here on TFTC and Brian goes on a little more
31:36
and there's a few Nuggets in here that I want to add before I
31:38
show you you that the fallout from this So here's TFTC and it
31:42
goes mining under siege the EIA veiled Vendetta against Bitcoin
31:46
with Brian Morgenstern and there's some highlight points.
31:49
EIA has issued an emergency survey to Bitcoin mining
31:52
companies requesting detailed information about their
31:54
operation. Brian argues that the
31:56
justifications provided example grid stability, energy prices,
32:00
CO2 emissions are flimsy and that the real motive is to
32:03
potentially limit or eliminate Bitcoin mining in the US.
32:06
Inspired by the agenda of figures like Senator Elizabeth
32:10
Warren, the survey's invasive nature could expose companies
32:13
who targeted attacks from activists and set a dangerous
32:16
precedent for government's overreach.
32:18
And just reading a few quotes from here, the second one it
32:21
goes, they want to collect copies of their electric bills
32:23
and they're looking to publish as much information as they can.
32:26
And this is pretty invasive and in my opinion is really
32:29
signaling out the industry in a way that hasn't been done before
32:33
and it's dangerous. And going further, this survey
32:36
is not just a a survey. This is not a game of checkers,
32:39
it's a game of chess. They're trying to hand you the
32:41
rope that they want to use to hang you later, says Brian.
32:45
Anyways, that's just give me some context.
32:47
So over the weekend we saw February 23rd.
32:50
I think this happened on Thursday, but the news came out
32:52
on Friday, the EIA tweeted Notice to respond into Form EIA
32:56
862 Cryptocurrency mining facilities report.
32:59
EIA will not enforce any requirement to file Form EIA
33:03
862, nor seek or impose any fines, penalties, or other
33:07
adverse consequences based on a failure to respond to the survey
33:11
through March 22nd, 2024. In addition, EIA will sequester
33:15
and not utilize any data received from any party
33:18
responding to Form EIA 862 through March 22nd, 2024.
33:23
So what happened guys? Well, essentially Riot Platform
33:27
sued the EIA and they got a temporary restraining order.
33:32
It was granted. So the EIA now is temporarily
33:37
suspending the Bitcoin Mining Survey for I think it's about a
33:40
month. So here we are in Reuters where
33:42
they covered this and it goes. US Energy Data Agency to
33:45
temporarily suspend Bitcoin Miner Survey after lawsuit.
33:48
And just reading the first part of this article, the US
33:51
Department of Energy on Friday agreed to temporarily suspend
33:55
its Emergency Survey of Energy used by cryptocurrency miners
33:58
following a lawsuit by Bitcoin miner Riot Platforms and an
34:02
industry group. It was a Texas Blockchain
34:04
Council. I believe the DOA statistical
34:06
arm, the US Energy Information Administration, will halt its
34:10
mandatory survey for a month and sequester the data it had
34:13
already received after it began collecting information from
34:16
Bitcoin miners on February 5th, the agency said in a Friday
34:19
notice to a Texas federal court. Right platforms and the Texas
34:22
Blockchain Council also had sued the Biden administration in that
34:26
court on Thursday, seeking to block the survey, which they
34:29
said could harm businesses by forcing them to divulge
34:31
confidential and sensitive information.
34:34
The EIA has said the information is needed to access concerns
34:37
that cryptocurrency miners increase use of electricity
34:40
spurred by high Bitcoin prices could pose an eminent threat to
34:43
energy grid reliability. The plaintiffs Clay claimed in
34:46
their lawsuit that Bitcoin mines, which use large amount of
34:49
electricity for computing and cooling data processing centers,
34:53
can actually improve reliability since they can be quickly shut
34:56
down to offset spike in energy demand during severe weather
34:59
that can cause blackouts. They said the emergency demand
35:02
from the EIA was based on speculation and conjecture that
35:06
Bitcoin mining is likely to present a threat to the power
35:09
grid and failed to follow proper public notice and comment
35:12
requirements under federal paperwork reduction and its
35:15
administrative laws. They asked the court for a
35:17
permanent injection prohibiting EIA from requesting the data
35:20
without first complying with the law.
35:22
This is a case about sloppy government process, contrived
35:25
and self-inflicted urgency, and invasive government data
35:28
collection, said the plaintiffs AKA Riot Platform.
35:32
And again, we say this all the time, No amount of facts will
35:35
stop these people from trying to eliminate and stop Bitcoin.
35:39
Even though we constantly show, whether on this show or whether
35:41
from the Texas Blockchain Council or the Bitcoin Mining
35:44
Council, Are all the awesome Bitcoin mining companies out
35:47
there that constantly rebuttal the FUD.
35:50
It doesn't matter. And even Cynthia Lummus herself
35:52
says it on Twitter. She says as I said for years,
35:54
Bitcoin mining is good for America's energy grids and the
35:57
development of new and stranded energy resources.
36:00
Glad to see the EI temporarily suspended its intrusive and ill
36:03
advised survey. PS Bitcoin miners, We'd love to
36:06
have you in Wyoming. So again, you know this is a
36:09
win, though it is only temporarily for a month, so
36:13
hopefully we will see within that month that this completely
36:17
gets disbanded. But this is a solid view for
36:20
Bitcoin miners out there. Public Bitcoin miners.
36:23
Remember when we were talking with man Is it?
36:26
I'm I'm blanking on the name. But the idea of the rabbits, the
36:30
hares or no, the rabbits, the horses and the elephants.
36:34
Bitcoin mining. This is why we love all of the
36:38
Plaid Bitcoin miners out there, all of the solo miners out there
36:41
that are just running Bitcoin either at home or small
36:43
facilities. This is a danger.
36:45
We know that big public Bitcoin companies are going to be a
36:49
central point of attack. They will try to shut it down.
36:52
And we even have the White House themselves saying that they're
36:54
going to do whatever they can to hamper the Bitcoin industry, to
36:58
hamper Bitcoin mining. And it's always under the guise,
37:00
if this is for your protection, citizen, we need to stop this.
37:03
You know, they're going to destroy the energy grid, always
37:05
basically blaming us for their own incompetence.
37:08
And we've seen that in Texas, Bitcoin mining has actually
37:12
helped stabilize the grid. We could bring all the receipts
37:15
we want to them, but they're not going to listen.
37:17
This is always just a knee jerk reaction.
37:19
Hence why it was an emergency. Data collection strategy is
37:23
because they can get away with anything when it's under the
37:25
guise of emergency. Anyways, before I give it up to
37:28
our audience or rather my Co host here, this tweet also came
37:32
out the same day. And you know anytime I get a
37:35
chance to dunk on Elizabeth Warren because of her own
37:38
hypocrisy and her lack of self-awareness, I will do it.
37:41
And hence since we were talking about the EIA data request, well
37:45
Elizabeth Warren tweeted this over the weekend and sometimes
37:48
you just got to wonder whether they they even think before they
37:52
speak or they think before they tweet or they realize their own
37:55
hypocrisy. Well just notice this guy.
37:58
So Elizabeth Warren tweets this February 23rd, roughly around at
38:01
the same time that that tweet came out about them temporarily
38:04
stopping the Bitcoin mining survey, She goes.
38:07
Big banks are disproportionately closing the accounts of Muslim
38:10
Americans and other communities, often without notice or
38:12
explanation. This is outrageous and just
38:15
plain wrong, and all the bitcoiners are just Bitcoin
38:18
fixes. This USD is Reba Dylan Leclair.
38:21
Imagine a monetary network that was permissionless and didn't
38:24
discriminate our Walker America. It's almost like we need a way
38:28
for people to be their own bank. An open monetary protocol that
38:31
cannot not discriminate and can be freely used by anyway.
38:34
Oh wait, that's what Bitcoin is. But for some reason Senator
38:37
Warren sides with the big banks and wants to ban Bitcoin.
38:41
And then Sessions goes, If only there were a form of money that
38:44
was resistant to this type of discrimination.
38:47
Oh man, I just love seeing their hypocrisy get meme to death on
38:52
Twitter. Their narratives always get
38:55
destroyed because they don't have truth on their side.
38:57
And as bitcoins we have the facts.
38:59
We know that most of the stuff coming out from the official
39:03
sources that like the White House and politicians against
39:06
Bitcoin, it's all because of one reason.
39:09
We are over the target and they understand what we understand.
39:12
It's about the money. It's always about the money.
39:14
And as long as they can get away with printing money and stealing
39:17
from every single one of you, they will do that and they will
39:20
cover for it as much as possible.
39:23
And yet, you know, all the bitcoiners out there, we have
39:26
exposed the game and they can't get away with this anymore.
39:29
There is a system here, There's a new monetary network that they
39:32
can't control. And we're going to see more and
39:35
more of this where they freak out.
39:36
They come out here, they call us.
39:38
What is all the things they call us?
39:39
Criminals, money launderers, shadowy super coders.
39:43
I don't even remember. The list goes on and on and
39:45
we'll probably get new names. Well guys, it's very simple.
39:49
Bitcoin mining actually helps Planet Earth.
39:53
It is the most green industry possible.
39:56
Even though on the flip side, I love the energy use of Bitcoin.
40:01
It means that humanity is producing and moving forward and
40:05
we know that Bitcoin does help the electricity grid so they can
40:10
throw all the fun they want, even in their own words.
40:13
They counter themselves. Like do you think Elizabeth
40:16
Warren even understands her own hypocrisy in that tweet where
40:19
she's the biggest anti Bitcoin advocate now and she's blaming
40:24
Big Bang for discriminating against people?
40:27
It's like wow, maybe there's a money that fixes this.
40:29
Maybe you don't understand what you are buying for Elizabeth
40:33
Warren. Anyways, I just thought that was
40:35
hilarious. I had to throw in the little jab
40:37
at the end because it the hypocrisy is amazing.
40:40
It's absolutely incredible. Anyways, Jim, I've ranched it
40:42
long enough. What's your thoughts on all
40:44
this? Yeah, let's just get Jim to rant
40:48
a little bit. Jim's rants commencing.
40:53
You're muted. Jim, you're muted.
40:57
Yeah, I don't want to make any noise when you're talking.
41:00
Sorry. Yeah.
41:01
So again, tons you could say about this.
41:05
There's a small group of people that believe they can just do
41:08
what they want because they have no skin in the game and they're
41:12
generally not accountable. And they can, again, because of
41:15
levels of enforcement they can. They can force people out there
41:20
in the world to do things that they could never do as just your
41:22
neighbor, right? These are just other people, and
41:27
they have come to believe that they can do special things,
41:30
'cause they write magic words on paper that somehow give them
41:34
authority. They put a number after it and
41:36
call it a, you know, a special order you know that you must
41:40
comply with. And unfortunately a lot of
41:43
people roll over and do just because of the threat that's
41:46
implied and all that and I'm glad Riot blockchain pushed back
41:50
because they're not doing anything wrong.
41:53
You know, the bottom line optimist, she said it.
41:55
Bitcoin is fixing the world that these people have no idea
41:59
because you know, not only is it, not only does it stabilize
42:05
power grids, but it also helps clean up wasted energy.
42:09
We all, you know, us in the Bitcoin space, we all know that
42:12
when they drill for oil, there's usually natural gas that comes
42:15
out of the ground. And a lot of times it's too far
42:17
from any markets to make it worth it to pipe it or truck it
42:20
over there so it gets flared into the atmosphere.
42:23
Bitcoin miners take that and run it through generators and and
42:27
help the network and and create bitcoins, which creates
42:30
additional revenue for those oil, oil producers.
42:33
So I mean, there's just a myriad of ways that it helps.
42:36
Other people are using methane gas from landfills and this.
42:39
It's happening. We have landfills, right?
42:41
They're there. Everywhere in the world.
42:43
Methane's produced. People are going in there and
42:45
cleaning the atmosphere with Bitcoin miners.
42:46
Tell me that's a bad thing. Everybody's winning.
42:49
But yet there's people out there whose personal interests don't
42:53
align with the with the truth. You know, I was thinking this
42:56
when you were talking we we recognize Bitcoin as a a type of
43:00
truth machine that nobody can fool and you can't change the
43:03
record. And by coming to recognize that
43:07
that mechanism exists and that there's nobody that controls it
43:10
and tells you can put up a wall and say you're not allowed to
43:14
participate. All these things are are are a
43:19
way for you to recognize what what is right in the world, what
43:24
is fair? Like man, how else do I say
43:27
this? Once you understand how Bitcoin
43:30
works and how it acts as money, you can see how the rest of the
43:33
money in the world is not acting in the best interest of all the
43:36
people who have to use it. And once you see that, you can
43:39
see where all the incentives are and why people do and say the
43:42
things they do and say. They generally have ways to
43:45
enrich themselves when they are closer to that Fiat money
43:49
spigot, as we all know. And in Bitcoin they don't get
43:53
that advantage. And it's it's it's unfortunate
43:56
that they, they probably many of them, I guarantee many of them
43:59
see it. And like you said, it's a
44:00
threat. What did you say?
44:01
We're we're over the target. Yeah they know and they don't
44:04
want their, you know, the gravy train to stop, but it's going to
44:08
stop. A lot of the older ones like
44:09
Elizabeth Warren should probably get through her career without a
44:12
lot of damage. But these younger ones that I'm
44:15
maybe looking at decades of career in politics, they've got
44:19
to they've got to figure out what's going on.
44:22
Bitcoin is incentivized for individuals and people in
44:25
political positions all over the world are starting to realize
44:28
that that, you know it's to their advantage, their own
44:30
Bitcoin, and then it's to their further advantage not to make it
44:33
harder on people their own Bitcoin if they're in a position
44:35
that they could write laws that would make that happen.
44:38
So Bitcoins going to rule, you know it's it's going to again
44:44
because it's every individual is incentivized to own Bitcoin.
44:48
Once they get what it is, you kind of can't stop that.
44:52
And so I'm of the opinion This is why I do things like this.
44:55
I want people to hear these types of messages, convey them
44:59
to the people you care about. If they don't get Bitcoin yet,
45:01
let's get this word passed around as far and wide as
45:05
possible. Because the more people that see
45:07
it, the more people are going to see everything else that's
45:12
broken with the broken money systems that are being hidden
45:14
from them on purpose by people that get paid through those
45:17
money systems to make sure that you don't see and hear the
45:20
truth. From the political leaders to
45:23
the, you know, the the media that gets paid off to Hollywood,
45:27
all these people have agendas to, you know, pump out a
45:29
narrative that keeps them wealthy and and keeps you always
45:32
working and paying those taxes. They they all want to believe or
45:38
have you believe that you owe them.
45:40
They're just other people. You don't owe them a dime,
45:43
right. They're stealing it every day
45:44
through a myriad of ways that you don't get any control over
45:48
and don't think voting changes any of it.
45:50
It's only until the money, the influence of the money, goes
45:53
away from those people to the extent that they can't pull off
45:56
what they pull off. Now.
45:58
I suspect wars will be a thing of the past once people are on a
46:01
sound money standard of Bitcoin, and I'd like to see that it
46:04
might be beyond my lifetime, but I'm working, hopefully setting a
46:09
foundation for people that will come after me, that they can
46:12
help me make a world like that happen.
46:14
So we're in it. I'm in it for the long haul for
46:16
the rest of my life, and hopefully to help other people
46:19
see what we see and let's get this, let's make the world a
46:23
better place. I think Bitcoin can get us
46:25
there. Hopefully that's a good enough
46:27
chance. Love it, Jim.
46:28
Love it. And and just to one of the
46:30
points, it's like we constantly show on simply Bitcoin the idea
46:34
that youth mentioned, you know, Bitcoin is truth.
46:36
And it's very interesting to see people fight against Bitcoin and
46:41
then in what like a week or two, literally just the hypocrisy
46:45
exposed by just like how their narratives never match.
46:49
Like, you know, I'm not perfect. I'm just an average person, but
46:52
at least I work from my basic Bitcoin first principles and I
46:56
try to think through the world and through that lens so that I
46:59
am not hypocritical in the ways that I view the world.
47:02
And like you said, Jim, like I did over the weekend, you know,
47:05
I finally orange pelt someone in real life again.
47:08
And it felt so good because he was hitting on the problems.
47:12
He could see the problems and and you know, he thought they
47:14
weren't connected. And as a bitcoiner, you were
47:17
just we're able to connect the dots for people and you show
47:21
them that, oh, these all these different things are connected.
47:24
And here's the solution. And they're like, oh, wow, I
47:26
never thought of it like that. Oh, I only heard that Bitcoin is
47:29
bad. You know, I've heard about it
47:30
for a while and now I'm actually interested and invested in the
47:34
idea that, wow, I can help myself.
47:37
I can help the world by just saving a Bitcoin.
47:40
It's it's such a, I don't know, it's such a simple idea, but
47:43
it's so powerful. And then This is why we do what
47:45
we do. We just love it so much.
47:47
Anyways, Wine. What's your thoughts on this?
47:49
So you can name her if you want. I don't know where are you
47:52
taking this. First of all, where do these
47:55
three letter agencies keep popping out from?
47:57
What is that one EIA? Or something.
47:59
I've never heard of that before, but I I want to give a shout out
48:02
to Riot and I feel like Pierre had a lot to do with telling him
48:07
to back off for a bit. I guess you could fight them for
48:09
a little. But yeah, I mean, other than
48:12
that, Opti, I I don't want to interfere with your
48:17
relationships and love life. I know that you have somebody
48:21
over in Europe that you're, you know, involved with, and I do
48:26
want to suggest one thing. Maybe maybe you need an American
48:29
wifey too, right? Maybe you could tell Elizabeth
48:33
Warren to chill out. I think Chrissy Lagarde would be
48:36
OK with it. That's that's my suggestion,
48:39
Opti. I don't know.
48:41
She's got to chill. Well, yeah.
48:44
Yeah. I'm going to let that one slide.
48:46
We could. Mean that into existence like
48:49
Opti is in a love triangle with Chrissy Lagarde and Elizabeth
48:54
Warren and things will be things will be a lot better, I think.
48:57
Well, I'm trying guys. I'm trying.
48:59
I'm doing my best here. Anyways, before we go into the
49:03
culture and talk with our our boy Jim guys, go get yourself
49:07
Bitcoin evangelism. We need to evangelize Bitcoin
49:10
more. There is what 8 billion people
49:12
on planet Earth that need to understand what and why we
49:16
Bitcoin. Well get yourself Bitcoin
49:18
Evangelism the book. It'll give you talking points so
49:20
that you can counteract the shit coin narratives, the Fiat pre
49:24
corners narratives. It's a great book and it it even
49:28
it even gets the you know the shit corners involved in
49:31
Bitcoin. But guys we are all on the
49:33
mission of spreading Bitcoin and this is the way go get it on
49:36
Amazon. Shouts out to our boy Brian De
49:38
Mint. He is a great great bitcoiner.
49:41
He's on the mission of spreading the Bitcoin signal, and on that
49:45
point we're going to talk to our boy Jim, who also spreads the
49:48
Bitcoin signal. The Daily Culture.
49:59
Before we get into talking with Jim, though, shouts out to
50:01
Kaboom Racks, the best place to buy, sell, and host your Bitcoin
50:08
ASICS. You know my boy Alex over there?
50:11
Alex from Kaboom? I think it's Kaboom.
50:12
Rack Alex on Twitter. He is going out with a strong
50:16
statement saying that S Nines will be profitable forever.
50:19
So maybe you want to, you know, try a little bit of Bitcoin
50:23
mining, but definitely get in touch with the Kaboom Racks
50:26
team. They will give you a white glove
50:28
service. Again, I say it all the time and
50:29
this is probably bad messaging, but I I talked to the Kaboom
50:32
Racks guys all the time. They're like, dude, I love it.
50:34
Alexis job is to sell you a six and he does his best to not sell
50:39
you a six. So if you've been thinking about
50:41
getting into Bitcoin mining and you have questions, reach out to
50:45
the Kaboom Racks team and they'll give you everything you
50:48
need to know. They'll tell you whether you
50:50
should be getting into a six, whether your electricity is
50:52
good, whether your prices are good, whether you can maintain
50:55
this, whether you're going to get wrecked in the halving.
50:57
All of that good stuff go kaboom.
50:59
Kaboom racks. The best way to buy your A6.
51:05
All right. Oh wait.
51:06
Do it. Do it again.
51:07
Do it again. Do it again.
51:09
Full screen kaboo Okay all right.
51:13
All right, all right. Anyways, like I said, this is
51:18
our boy surfer. Jim, What's your tagline?
51:20
More stoked than you are because he's on the Bitcoin standard
51:24
liberally regularly more stark than you.
51:27
And again guys, Jim has been a a great personal friend.
51:34
I I legitimately wouldn't be here today without just Jim
51:37
saying go to bitblock boom, you'll have a great time.
51:41
You'll meet bitcoiners from all around the world and I can
51:44
personally attest to the idea of just like building my local
51:48
Bitcoin network group and and just the love I get from people
51:52
all around the world. It it blows my mind that I have
51:54
friends everywhere on planet Earth and it's all because we
51:57
all like the same money. Like even wine says it all the
51:59
time. He's he's taking a little
52:01
bathroom break real quick like when we all get together he he
52:04
jokingly always goes like hey guys, hey hey guys, you do my
52:08
best mean wine voice. Do you guys realize that like
52:11
we're all friends because we likes the same money and you
52:13
just like look around like oh it's so weird.
52:15
Anyways, anyways, Jim, you have started on a new venture to
52:20
Orange peel the world. So let's talk about that and
52:23
then we'll maybe go into a little more of like, you know,
52:25
the Bitcoin changes you. You don't change Bitcoin proof
52:29
of work as a lifestyle. It's not just about Bitcoin
52:31
mining, it's literally a lifestyle.
52:33
But let's start with the Bitcoin Visor.
52:35
Jim, what are you working on over at the Bitcoin Advisor and
52:39
and when did you join? It was like what, two weeks ago
52:41
or a month ago or something like that, right?
52:43
A little more than that. Hey, can I just do a quick
52:45
detour? Yeah.
52:47
Do you bro? Well first shout out to Alex at
52:50
Kaboom racks. He just wants to sell you a
52:52
money printer. So if you want to buy a money
52:54
printer should give him a call. And I got to say shout out to
52:57
Kiki in the chat I I if she's still there she's posting about
53:02
the the the Benz and their takeover of Bitcoin male names
53:07
in the space and it's it's quite a challenge.
53:10
I know I'm I'm familiar with all the all the players involved and
53:14
I think I'm going to remain neutral for now.
53:16
Kiki, we're going to have to talk about this in person Wait,
53:20
wait wait wait. The chat is hilarious.
53:22
There's too many bends in Bighorn.
53:24
I'll say it, I'll say. If people bends, then there are
53:27
skeefs, I'll tell you that much the less you are in poor skeef.
53:32
I mean, I, you know, I it's hard when you got that many people
53:34
against you, but you know, it's a valiant effort.
53:37
But listen, the chat is hilarious, OK?
53:39
I just want to shout out to everybody in the chat.
53:41
I can't even read most of them because I'm trying to pay
53:43
attention to what you're saying so I can be coherent here and
53:46
and respond to everything. But this is like fun to me, this
53:50
whole thing. Everybody's great.
53:52
I love the Bitcoin community and oh, Kiki's that long lived
53:56
events. Good.
53:57
Let's let's go, Kiki. Anyway, so back to the question
54:01
you actually asked me, you asked about the Bitcoin advisor,
54:03
right. OK, so I started with them a
54:06
couple months ago and essentially the mission is to
54:09
get people to recognize they need to get their Bitcoin off
54:12
any exchanges, get it out of custody held by somebody else
54:17
and get it into self custody. Sovereign, you know, Bitcoin is
54:20
sovereign money, but only if you control it.
54:23
And many of us and and most of us that have been in Bitcoin for
54:27
any period of time, we we understand what that means.
54:29
We, we, a lot of us have our Bitcoin in in our own cold
54:33
storage wallets. There's multiple, you guys had
54:36
one up there a little while ago. A lot of people in Bitcoin
54:40
aren't that far yet. Unfortunately, there's a there's
54:43
a lot of people and I think there's going to be a lot more
54:44
people that come into Bitcoin. Even people with substantial
54:49
amount of money and they're going to acquire some Bitcoin.
54:51
They're going to recognize they can hold it, but they're going
54:53
to be afraid to do it because we all know that if you lose the
54:56
keys to your Bitcoin, it could be gone.
54:58
So at the Bitcoin Advisor, we basically help people set up
55:01
Collaborative custody multi sig. We coordinate that with their
55:05
estate plan so that their family is guaranteed to get their
55:08
inheritance in Bitcoin. You know, if and when a person
55:13
that owns it passes away and there's a lot involved with
55:17
that, that people aren't aware of, you could spend weeks, days,
55:21
months or years trying to figure it out yourself.
55:23
Or you can hire trusted people that have already done it for
55:26
hundreds and in some cases thousands of other people.
55:30
And it is, I would say, an industry standard in a way to
55:34
custody Bitcoin that's very safe and removes single points of
55:39
failure. So that one you can have, as you
55:43
guys know, you can have a multi sig with lots of keys involved.
55:47
A very simple one is 3 keys where you need two of them to
55:50
sign a transaction. You can make that as much
55:53
larger. Bitcoin scripting language
55:55
allows for that. And the ability to do that is
55:57
getting easier and easier and the need to do that is getting
56:00
greater and greater. People are recognizing that and
56:03
so the industry is responding. There are a lot of CUS companies
56:07
that will help create a multi sig setup and there are more
56:12
companies doing what we're doing, becoming key agents where
56:15
we hold a key in custody on your behalf.
56:19
We provide a lot of estate planning services that other
56:21
companies don't do, at least not the same way we do it.
56:24
But there's there's so much room for this kind of this kind of a
56:28
service in the Bitcoin space. Because Bitcoin is a bearer
56:31
instrument, you're allowed to hold your own money, right?
56:35
In the Fiat world, they can take it away from you if it's in the
56:37
bank or if it's in stocks or anything.
56:40
Pretty much there's nothing on the planet that you really own
56:42
except for Bitcoin, if you control it properly.
56:45
And holding your own keys is one of those things.
56:47
And as people get further down the road in Bitcoin and
56:50
understand what it is that they own, they start to look into
56:54
what do I got to do to to to take care of this myself.
56:57
And and no one can take it from me.
56:59
We're all familiar with the phrase unconfiscatable, and my
57:03
good friend Tone Vase puts on a conference in Las Vegas with the
57:06
same name. Bitcoin cannot be stolen if you
57:09
secure it properly, and that's a first.
57:12
So you can own this thing in a way that no one can just take it
57:16
and that and that changes the game for owning and controlling
57:19
your own wealth. It's why it's one of the things
57:21
we understand and it's what we help other people understand.
57:24
And I'm just privileged to have the opportunity.
57:27
These guys set up a business, but they've been helping their
57:29
clients for years do this. And as the industry is growing
57:33
and as more people need this, they realized they needed people
57:36
to help get the word out and help set up people that need
57:39
this collaborative custody. And there in Australia, I'm over
57:43
here in the US, we've got advisors all over the world
57:45
helping people every single day. We on board a lot of people into
57:49
this. And I can tell you straight up
57:51
when people get on boarded, they feel really good when they
57:54
realize that their Bitcoin is in self custody but has a backup
57:58
system. You know, we can get into
58:00
describing how it all works, but in the end, the sense of peace
58:05
that you have when you control your own Bitcoin and in this
58:07
setup that we help people create for them and their families.
58:11
There's there's even a deeper level of peace in some ways for
58:14
those people that care about this stuff.
58:15
And for those people who are aren't just afraid to hold a
58:18
single key for all of their wealth in Bitcoin.
58:22
And some people have some pretty substantial amounts of wealth
58:25
already now in in Bitcoin and it's going to keep growing as
58:28
the value goes up, even if they don't acquire any more.
58:30
And so it becomes even more important.
58:32
You know, the inheritance that their family might see could be
58:34
in the millions, 10s of millions or hundreds of millions for some
58:38
of the people who own Bitcoin and need to secure it for
58:40
decades. So, you know, this is a really
58:43
important thing that people need to learn about.
58:45
And I'm just happy I get to help teach people about it.
58:47
And then when we get them set up, it's just it's a really nice
58:51
feeling to to feel like, you know, they they're getting a
58:55
service that to me has a tremendous amount of value.
58:58
I mean you know to be able to protect this this unique asset
59:04
this one-of-a-kind first of its kind asset in in the most safest
59:08
way is is a privilege for me to be able to help people.
59:11
I don't know what more I can say about it.
59:13
It's really a very cool thing that's going on and I just I'm
59:16
loving how the the the Bitcoin ecosystem the the businesses
59:21
around the world that that understanding this and and
59:24
there's multiple businesses out there providing one or more
59:27
services in this direction this multi city custody type solution
59:32
and there's a lot of variety out there actually between the
59:35
different providers and you know just like just like in Bitcoin
59:39
everybody's got a different risk tolerance and a different desire
59:42
you know to to feel good about what they're doing and and
59:45
protecting their wealth And and so we're just one of many that
59:48
are that are trying to provide a service in this area and and we
59:52
think it's important and our customers love it.
59:54
So it to me it's just a win win all the way around and I'm I'm
59:58
just happy I'm out there helping people understand it.
1:00:00
I I like to I found out a long time ago I by default I became a
1:00:04
teacher by by having to run a construction company and teach
1:00:08
workers and and teach customers and even educate my suppliers
1:00:11
and you got to find ways to explain things So you you then
1:00:15
have to know what it is you're talking about first.
1:00:17
So I've been studying Bitcoin for just about 8 years now.
1:00:20
I I started eight years ago. I've I've I've owned Bitcoin for
1:00:24
a little a little right around 7.
1:00:27
I'm coming up on my 7 year anniversary and and what an
1:00:30
education it's been you know the like we talked earlier the
1:00:34
people we've met but but my connections to really smart
1:00:38
people that have taught me about economics and and the politics
1:00:43
and the money printer and all this stuff that we rant about
1:00:46
all the time. It's just been an amazing
1:00:48
journey and I just want to I say it all the time.
1:00:50
I got over 60 years of crap stuck up in here and if I if I
1:00:55
take it to the grave, you know it's not going to help anybody
1:00:58
that could have maybe heard it. So I just will get rid of it
1:01:01
all. Just spread the information in
1:01:03
my head, back, outlet, anybody. Take what they like on it, throw
1:01:06
away the rest. I got knowledge in a whole bunch
1:01:09
of different disciplines and I'm learning Bitcoin every single
1:01:12
day and I'm just teaching it back out as I can.
1:01:15
Man, I live in a busy neighborhood.
1:01:19
Siren just went by. Damn.
1:01:21
It's peaceful where you are. There's like a sunset, calm
1:01:24
water. Yeah, right.
1:01:25
Yeah, sure. That's that's the Fire Island
1:01:28
Lighthouse. I drive past that thing all the
1:01:29
time. That is a sunset picture I took
1:01:32
on January 1st, 2001. So the date 010101.
1:01:39
And I bet you very few people have pictures from that date.
1:01:42
And probably almost nobody else has a picture like this of that
1:01:45
particular lighthouse. On that morning.
1:01:47
I didn't see anybody else around with a camera.
1:01:49
Love it, love it, Jim. OK, I have one question for you
1:01:52
cuz someone said in the chat basically.
1:01:57
Well actually first you were kind of mentioning before we
1:01:59
started that the idea of you guys have onboarded a lot of
1:02:05
high net worth individuals and most people that are you know,
1:02:09
very familiar with the traditional financial world like
1:02:11
they don't want to self custody of their own assets.
1:02:13
They go trust a middleman and they're very comfortable doing
1:02:17
that. So once they learn about Bitcoin
1:02:19
and learning about custodying your own Bitcoin, it is kind of
1:02:22
terrifying for people that have to relearn a new bag of tricks.
1:02:24
So if you can connect that what you told me before and then
1:02:28
someone asked in the chat like how come multi sig over just
1:02:31
adding a password on your seed phrase.
1:02:33
So do you guys talk about this with your customers, do you guys
1:02:36
give them most more options like what's your.
1:02:39
Well, the the thing we're doing is is setting up collaborative
1:02:43
custody multi sync. That is the product essentially
1:02:46
that we we sell, but we sell a service around that that that
1:02:50
provides a whole bunch more stuff.
1:02:51
We got a lot of connections in a lot of different disciplines
1:02:54
like accounting and law and and stuff like that.
1:02:56
And we have connections all over the world.
1:02:58
We help people in other countries acquire Bitcoin and
1:03:01
then we help them get into self custody.
1:03:03
But just adding a password is still a single source of a
1:03:06
single point of failure. Essentially you're still having
1:03:09
a single signature that controls the Bitcoin or a single wallet
1:03:12
that can sign for transactions. And in multi sig you're you're
1:03:16
giving up that ability to be the sole controller of your Bitcoin
1:03:20
in order to have a backup system.
1:03:21
So I'll use the most simplest example which is a a two of
1:03:25
three multi sig where you need two of the three keys to sign a
1:03:29
message to spend the funds. So you hold a key, we hold a key
1:03:34
and another provider would hold a key.
1:03:36
Somebody like Unchained Capital who who does the physical set up
1:03:40
for multi sigs as does other companies like Casa and
1:03:43
Nunchuck. So you have multiple people that
1:03:47
could be key agents or holders of one of the keys in the quorum
1:03:52
that controls your Bitcoin. You can set it up with a lot of
1:03:56
different restrictions and time out functions.
1:03:59
It can get somewhat complicated and there is software being
1:04:03
written to make that easier for everybody and that's just the
1:04:06
progress that's happening out there in the world around this
1:04:08
stuff. But essentially what you're
1:04:10
doing is you're saying if I need to move the Bitcoin, I can sign
1:04:14
a message. I got to call up one of these
1:04:15
other people and get them to sign a message with me and and
1:04:18
it's easy to know who's who because you you know you can use
1:04:21
the wallet you created the multi sig with to to to prove who you
1:04:24
are and there's all kinds of stuff.
1:04:26
But one of the things about doing the multi sig is what if
1:04:28
you pass away? What if you pass away your
1:04:30
family doesn't know what to do with the wallet or can't find
1:04:33
the wallet. If it's set up properly like the
1:04:36
way we do it where we could we coordinate your multi sig set up
1:04:40
with tech. Literally technical documents
1:04:42
that get woven into your estate plan with your attorney wills,
1:04:48
trusts, powers of attorney, healthcare, proxies.
1:04:51
These are things people should consider when they're planning
1:04:54
their estate and their coordinated documents, but none
1:04:58
of them know what to do with Bitcoin.
1:05:00
It's a whole unique asset. It's outside the legal systems
1:05:03
of the world. And so the people involved with
1:05:06
settling your estate, if they're not bit corners, and in most
1:05:09
cases they're not, they don't know what to do.
1:05:11
So we provide them with an estate planning protocol,
1:05:14
literally a bunch of rules and technical information about what
1:05:18
we did back in the day for your dear departed loved one.
1:05:22
And here's what you need to do. Now I'm going to say this, I'm
1:05:25
going to teach a little bit here on what happens.
1:05:27
Let's say you're the heir of some of some Bitcoin that's in
1:05:30
multi sync and we don't know who you are.
1:05:32
We didn't deal with you. You're the children of somebody.
1:05:35
Let's say it doesn't matter. You have to prove to us that you
1:05:39
deserve for us to unlock those funds.
1:05:41
So there's this, the standard legal procedure of inheritance
1:05:47
in the real world. Like somebody has to tell us
1:05:50
that you, yes, you are the legal recipient of this thing.
1:05:53
Now, if you're if you're outlined in the trust document
1:05:56
that also is coordinated with the Bitcoin and between your
1:06:00
attorneys and our attorneys and everybody else, everybody
1:06:02
agrees, yeah, you're the legal heir to that.
1:06:04
It's a simple open check case. It's the same thing you would do
1:06:07
to get custody over somebody's bank account or their stock
1:06:10
portfolio. You have to prove to some
1:06:12
trusted party that you're the heir to the to that asset, and
1:06:16
that's what it is. But we set it up in such a way
1:06:18
that it's basically foolproof and unfortunately we've had some
1:06:22
some customers pass away and it it's always worked.
1:06:25
So you know, thankfully it's always worked.
1:06:27
It's obviously unfortunate that we needed it, but that's the
1:06:30
point of why you do it. So the Collaborative Custody
1:06:34
Multi Sig is a backup to protect your family, protect yourself if
1:06:38
you lose your own key, you know. And then you can do other things
1:06:42
like people often bring up the fact that go, what if the other
1:06:44
two come together and steal my Bitcoin?
1:06:46
Well, this first is reputational risk.
1:06:48
We're not going to, we're not going to ruin our business over
1:06:50
your couple of Bitcoin. But beyond that, your key could
1:06:54
be a mandatory signing key. We can make it so that it can
1:06:58
only move with your key, but that that times out after some
1:07:01
period of time just in case you do lose it.
1:07:03
And then you just got to wait for the time out and then we get
1:07:05
you a new key and set it up again, or if you know again, if
1:07:07
it, if it, if it has to time out after you pass and your family
1:07:11
can't find it. All right, So they got a little
1:07:12
wait a little while, but they'll still get the Bitcoin.
1:07:14
So this all of this to say that there's really creative ways to
1:07:20
set this up in a way where it's protected.
1:07:22
And I will say this, the Collaborative custody Multi sync
1:07:25
part is, is technically restrictive within the Bitcoin
1:07:30
protocol. That is to say, once it's set
1:07:32
up, no legal authority can break it.
1:07:35
The judge can't say get rid of it, the judge can't say we'll
1:07:38
send it to somebody else. It can never happen that way
1:07:41
because the protocol won't let it happen that way.
1:07:44
All that can be done is you follow the rules of the
1:07:46
protocol, you move the Bitcoin to some other controlling
1:07:49
entity, and then maybe that controlling entity will do
1:07:53
whatever some judge says and then move it somewhere else.
1:07:55
But the protocol doesn't see the legal world outside of the the
1:07:59
protocol On the Internet, that is, all the computers talking to
1:08:02
each other. So that was a long description.
1:08:05
I don't even remember. Oh, it was a question on do you
1:08:07
need to put a pass phrase on your wallet?
1:08:09
Yeah, No, it's a whole different thing.
1:08:11
One wallet versus multiple wallets is completely different.
1:08:14
But that was a pretty long description of what we do.
1:08:16
Love it, love it. OK, I I do kind of want to pivot
1:08:18
a little bit. Yeah.
1:08:21
Love that. Love that.
1:08:22
Love that you're, you know, joining Bitcoin and and adding
1:08:25
your time and and and your services and what you can
1:08:27
provide for the world. I I highly recommend that.
1:08:30
And then I mean that's how we originally even got together
1:08:34
over here at Simply Bitcoin is Jim's like yo go meet up with
1:08:38
some bitcoiners. How can you provide value to
1:08:40
people And, you know, the rest is history?
1:08:42
Anyways, I want to touch on one last thing because it really
1:08:46
feels like this year we are entering in kind of like a a a
1:08:51
whole new paradigm of Bitcoin. And you said it yourself, you've
1:08:54
been around Bitcoin for eight years.
1:08:55
I've been around Bitcoin for seven, I think whines roughly
1:08:58
around eight or seven years as well, maybe just two years.
1:09:01
He's in a few years, two years. So Jim, as someone that's been
1:09:05
around for Bitcoin for that amount of time, what is your
1:09:10
thoughts on what's going on currently in Bitcoin?
1:09:12
Like are things changing for the better?
1:09:14
Are we seeing are, are we gaining blind spots?
1:09:18
Do we need to be more vigilant? Like what's your thoughts moving
1:09:20
forward in 2024 and 2025? And just the idea of Bitcoin at
1:09:25
large, like where are we in the timeline?
1:09:27
Has things changed? Like, what's your perspective on
1:09:30
Bitcoin since you've been around for so long?
1:09:33
Wow, that's a man. I could go on 1000 directions.
1:09:38
I guess the first thing that comes to mind is, wow, Bitcoin.
1:09:44
There's an ethos I would say that I was that I was raised
1:09:49
under. I feel like when I was a baby in
1:09:52
Bitcoin, the narrative that I heard was that this is a good
1:09:56
protocol for money and it fixes a lot of problems in the world
1:10:01
and as people learn like so. So for it to be a money, it has
1:10:06
to have value, which means you can trade it for something else
1:10:08
that has value, including other money.
1:10:10
And of course that's what has happened and nobody could have
1:10:13
predicted the path that Bitcoin took.
1:10:15
But it did take a path to monetization where people use it
1:10:19
as money and trade it for other money and the the the narrative
1:10:27
in order for it to happen. There's so many things in order
1:10:30
for it to happen, it needed to be open source protocol, which
1:10:32
means anybody could copy it and people did and they made 30,000
1:10:36
shit coins as we know, all of them being technical,
1:10:40
technically inferior to Bitcoin and the path that Bitcoin is
1:10:44
took, I often say Bitcoin is path dependent.
1:10:46
Its success to where it is now was very much dependent on the
1:10:49
path it took. But when you look back at the
1:10:52
writings of the early people that were involved in the
1:10:54
network and what they cared about you, you see very clearly
1:10:58
that they wanted this to be a money that could be used instead
1:11:01
of Fiat imposed government money.
1:11:03
And that that core understanding of what a good money actually
1:11:09
does for society is is great, right?
1:11:13
And and it's it's there and I don't think it'll ever go away.
1:11:15
But what has come on top of that is this idea A lot of people
1:11:20
look at Bitcoin as like a stock or even people think it's a
1:11:23
company and it's it's looked at as an investment.
1:11:28
And I just think, well, what are you doing that you're investing
1:11:32
in? Are you going to take the value
1:11:33
back out of this thing? And then what are you going to
1:11:35
do with it by the crappy money you got out of to get it in the
1:11:38
1st place? So it's really hard, especially
1:11:42
when you got these Edfs that have just exploded and you know,
1:11:45
taking is is going to start to suck up the liquidity in the
1:11:48
market and it's going to push the Fiat price of a Bitcoin
1:11:51
higher and higher. And there will be people that
1:11:54
will sell it and take their profits.
1:11:56
Like, and I go, yeah dude, one day you're going to regret that.
1:11:59
Because we hear story after story of people that do regret
1:12:02
it, 'cause they, they didn't think far enough into the future
1:12:06
about what this actually means for the world and for each
1:12:08
individual. And so it's a little
1:12:12
discouraging, but I see the logic and why it happens.
1:12:15
And you know, again, as I said, nobody could predict the path
1:12:19
that. But when you look at human
1:12:21
incentives, it makes sense why it has taken path it has taken
1:12:25
and the trajectory it's on. Luckily for us and for the world
1:12:30
at large, there's a lot of people that own Bitcoin, that
1:12:33
really care about Bitcoin and care about it from the
1:12:36
perspective that I just described, not as an investment
1:12:39
but as a a monetary network for the entire world that could
1:12:42
benefit all of humanity one day. And they care that it doesn't
1:12:46
break, they care about. What happens is we see feuds on
1:12:49
the Internet, on Twitter, a lot, you know, about technical
1:12:53
discussions on changes to Bitcoin, all kinds of stuff.
1:12:56
And I think that's great and I think it's needed.
1:12:59
I personally think that it would be nice if certain upgrades
1:13:02
could be incorporated in Bitcoin.
1:13:03
But at the same time I say that with the with the hope that if
1:13:07
done, they wouldn't create an additional problem no one could
1:13:10
see because it's that's everybody's biggest concern.
1:13:13
Oh, we've tested it, tested it, tested it, but oops, it broke
1:13:15
something anyway. Oh shit, sorry guys.
1:13:18
So nobody really wants that. But so there's a lot of people
1:13:21
that care about Bitcoin from that perspective.
1:13:23
But there's an increasing amount of people that come into Bitcoin
1:13:25
with no knowledge and they come in through all kinds of obscure
1:13:29
narratives that that don't allow them to see, you know, the value
1:13:33
of owning it as as units of the future monetary network over the
1:13:36
world. Therefore, you should acquire as
1:13:38
many units as possible and hold them for as long as possible
1:13:41
until you need to use them. Meaning, keep earning Fiat money
1:13:45
and if you're young, just save in Bitcoin as much as you can.
1:13:48
If you want to diversify, figure out where else you can go.
1:13:52
I'm fine with it, but I don't think you're going to find a
1:13:54
better place to still store value over the next several
1:13:57
decades than Bitcoin, assuming it lasts, which I think it will.
1:14:01
So it's it's discouraging. But at the same time, I think
1:14:06
bitcoins mature enough that we don't really have to worry.
1:14:10
Although it's. I don't know that it's
1:14:12
completely out of the woods. I wouldn't.
1:14:13
I don't. I don't want to say Bitcoin is
1:14:15
100% inevitable, but I think it's about 98% inevitable.
1:14:19
It's we've hurt, we've we've we've crossed as many hurdles as
1:14:22
we had to to get where we are, and I think we're beyond the
1:14:26
point where it can be truly stopped.
1:14:29
Will it be the world's money for everybody at the individual
1:14:32
level? That's where the debate is now.
1:14:35
Can people use it in a sovereign way without some trusted layer?
1:14:39
And this, you know, that does concern me, but I'm not a
1:14:43
technical guy, so I I give my opinion wherever I can.
1:14:46
I try to learn about it as best I can.
1:14:48
I I, I hope and I trust in some smarter people than me that
1:14:52
they'll figure it out without breaking it.
1:14:54
So I'm very optimistic in the end, I'm very optimistic about
1:14:57
Bitcoin. I see it changing, but I don't
1:15:00
see it getting destroyed by any means.
1:15:02
And and the narrative with the ETFs, the people you know
1:15:06
investing in Bitcoin, you know by doing that, again, it's
1:15:11
individual incentives. They want to get exposure.
1:15:13
They want to get wealthier indirectly.
1:15:16
That's going to influence politicians and policy makers.
1:15:19
And that's maybe a good thing for Bitcoin in the in the times
1:15:23
we're in, where we're in the, then they fight you stage right.
1:15:26
So we got to, we got to fight. Love it, love it, Jim.
1:15:30
I think it's fitting where we say, what's your line more
1:15:33
stoked? What?
1:15:34
What do you what do you say? Oh, my Twitter handle is more
1:15:38
stoked than you regularly. Because of Bitcoin anyways wine
1:15:42
you want to add in here before we roll this one out, any any
1:15:46
you know, questions, comments for Jim?
1:15:49
For Jim. Or in general, whatever.
1:15:52
What's your last thoughts one you you could take this time?
1:15:55
I obviously want to say that we should, we should have like one
1:15:58
hour meme reviews going forward. But for Jim, I mean, yeah, just
1:16:03
just keeping rad. You're a good voice for Bitcoin.
1:16:06
I'm happy to call your friend. And yeah, let's, let's, let's
1:16:10
you. Gave me this hat.
1:16:12
You literally handed me this hat?
1:16:15
Yeah, man. Oh, dude, we have to.
1:16:17
You're traveling all the time. And I love it.
1:16:19
And I I'm going to get back to that Nomad lifestyle, I promise.
1:16:22
So I'm not wearing. A wet suit, though.
1:16:25
Well, I I hope to never wear one again.
1:16:27
Believe me, I've been doing it my whole life and I want to live
1:16:30
in the in and around the tropics for most of the year and surf
1:16:33
warm waves with all my Bitcoin buddies.
1:16:35
Yeah, dude, I'm still. I'm still in the game.
1:16:38
You get to just surf waves all day after certain.
1:16:41
Amount, yo, you should be stoked.
1:16:42
You got a lot of years to catch up to my age and I still surf
1:16:45
all the time, yeah. I just started so you.
1:16:48
Can do it. Well, dude, you got a a life of
1:16:51
stoke ahead of you. I promise you, man, if you don't
1:16:53
quit, you're gonna love it. You're gonna take you places and
1:16:56
the people you meet and just, dude, you know what it's like?
1:16:58
You paddle out, you're in the ocean and you're just like,
1:17:01
whoa, this is cool, man. You're looking back at the coast
1:17:05
instead of out into the ocean. And you're like, not a lot of
1:17:08
people do this, man. I feel like this is cool, man.
1:17:11
I feel like I'm in a special place.
1:17:13
There's something about sitting out there in the ocean with the
1:17:15
energy of the waves passing you by and then to try to sync with
1:17:18
that energy and get and just get perfect with it because that's
1:17:22
what you have to do. Wave energy is moving towards
1:17:24
the towards the beach and you have to paddle and catch up to
1:17:26
it And then if you're going to ride it you got to stand up and
1:17:29
then you got to figure out which direction it's going and turn
1:17:32
your board and it's literally split second decision after
1:17:36
split second decision for every single ride and is never won the
1:17:40
same and often swing by and seals and.
1:17:44
And maybe you crash into a local and they want to fight you.
1:17:47
Oh, well, that part you know, you got to get away from the
1:17:50
crowds, bro. You got to come visit me at
1:17:52
Rancho San Satoshi and Baja. Once we get it set up, there's
1:17:54
so much empty beach for hundreds of miles, I promise.
1:17:58
You before I can crash on I'm there.
1:18:00
Oh. Let's go for sure.
1:18:04
Yeah, listen, you guys need to follow Crypto Zorro on Twitter.
1:18:07
That's crypto with an eye. My good buddy Jimmy, he's got
1:18:10
Rancho San satoshi.com. Go check it out.
1:18:13
It's a place in Baja. We want to build a A community.
1:18:16
We got a bunch of bitcoiners that are involved.
1:18:18
We want to do self sovereign off grid community.
1:18:20
Jimmy's already literally living there off grid on 10 solar
1:18:24
panels. He's got heat, air conditioning,
1:18:26
electricity. He's got a giant freezer with
1:18:28
steaks in it, and it runs all day on 10 solar panels that
1:18:31
charge batteries for the night time.
1:18:34
I was blown away when I was there in December, and we're
1:18:36
just going to build that out and have like 100 families and a
1:18:39
Learning Center and our own livestock and farming and
1:18:43
everything. It's going to be freaking
1:18:44
awesome. We got like another decade or
1:18:46
two to build it out. It's probably the rest of mine
1:18:48
in his life, but we want everybody to come and visit us
1:18:53
and it's going to be freaking awesome.
1:18:55
Love it, love it. Well Jim someone mentioned in
1:18:57
the chat so he explained surfing like he does multi sig.
1:19:00
I see. Yes This is why he is surfer Jim
1:19:03
and and really like what you said sinking with energy.
1:19:07
Like, that's a Bitcoin meme, guys.
1:19:08
You're sinking with energy in your money.
1:19:12
Yes, that's the thing. With Bitcoin, you cannot buck
1:19:16
the system. You have to align with Bitcoin.
1:19:18
You can't cheat. It's great.
1:19:20
It's like it's like proof of work.
1:19:22
You don't get to cheat. You cannot right away unless you
1:19:26
sink with the wave, learn how it what it's doing and figure out
1:19:29
the balance. Literally, if you're riding a
1:19:32
wave, it's because you've done some amount of proof of work to
1:19:34
get your body to do it because you could anybody could swing a
1:19:38
Golf Club. It takes like minutes.
1:19:40
Doesn't mean you're going to hit the ball or or hit it straight,
1:19:42
but to catch a wave and stand up and ride it takes so much more
1:19:45
work and and it's just a nature of riding a wave.
1:19:48
It just takes a lot of work, but once you do the work, it's it's
1:19:51
awesome, It's amazing. And Bitcoin, That's what
1:19:54
Bitcoin. Is man, you get love it, You do
1:19:56
the work to get Bitcoin and it totally just changes your life.
1:19:59
Just like surfing it just changes your life.
1:20:02
You're like, whoa, now I see it. Oh my God.
1:20:05
Oh, I'm so stoked. Let's go.
1:20:07
Well, Jim, more stoked than you regularly.
1:20:10
Love it. Thank you for showing up today.
1:20:13
Thank you for having me this. Is.
1:20:14
No worries. No worries guys.
1:20:16
If you don't know this is wine, KISS over here.
1:20:19
This is the meme for today. Oh man.
1:20:22
You got to stay in front of it. If you don't, there you go,
1:20:25
boom. It's backwards but.
1:20:28
Yeah, it's backwards. You could read Backwards Ride
1:20:31
the Waves of Inflation Bitcoin. Let's go, let's go.
1:20:35
All right, guys. Well, that's my Co host for
1:20:37
today, Whiny Kiss. This is our guest surfer Jim.
1:20:40
Actually for the audio listeners.
1:20:41
Jim, where can people find you? Oh, on Twitter.
1:20:46
Surfer Gym. W you could e-mail me at surfer
1:20:50
gym at the Bitcoin advisor or I think the the direct link.
1:20:53
I have like a page on there. I think it's Bitcoin advisor
1:20:56
slash Surfer Gym. And if you want to talk about
1:20:59
collaborative custody multi sync, there's a button you can
1:21:01
push to schedule a meeting on my calendar.
1:21:03
I'm happy to talk to you. And I got to just say one last
1:21:05
thing. Nico.
1:21:07
Congratulations Sophie. I love you guys.
1:21:10
I was privileged to be at your wedding.
1:21:12
I'm so happy the baby's here. Take as much time as you need,
1:21:15
brother. I can't wait till you come back.
1:21:17
But I'm, you know, awesome love. I love when more bitcoiners show
1:21:21
up. It's great.
1:21:23
Kit doesn't even know it, but she's going to be a freaking
1:21:25
bitcoiner and I love it. All right, Jim.
1:21:28
Well, thanks for showing up today.
1:21:30
I'm glad we got to figure out the technical issues.
1:21:32
Yeah, man. And hope to have you soon.
1:21:34
We'll we'll have you back on soon.
1:21:36
All right guys, you already know the deal.
1:21:38
This is simply Bitcoin like, share, subscribe, share all
1:21:42
Bitcoin content. It's about getting the message
1:21:44
out there. On that note, Nico will be back
1:21:47
tomorrow. He's just had to handle some
1:21:49
things today. He'll be back tomorrow we'll be
1:21:51
back to our normal scheduled programming.
1:21:54
But on that note, guys, have a good rest of your day.
1:21:57
Get outside, touch some grass, eat some good food, hang out
1:21:59
with your friends and family, Maybe call your mother.
1:22:01
I don't know. Make sure your relationships are
1:22:03
strong. This is the way.
1:22:04
And of course, Stack sat and spread the orange signal on
1:22:09
that. Now it's your boy Opti, and we
1:22:11
will be back tomorrow. All right, Peace out guys.
1:22:15
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