Latest / Simply Bitcoin / BREAKING: First US President Makes Bitcoin Payment | EP 1079

Transcript

BREAKING: First US President Makes Bitcoin Payment | EP 1079 · Simply Bitcoin

0:20
None. It's national.
0:22
Cheeseburger day, evidently. Oh, I loved it all.
0:25
I've got some burgers and Diet Coke the.
0:29
Best. Burger in the City and David's
0:31
doing a good job, everybody, right?
0:33
I think David does. Everyone know David?
0:38
He's doing a good job. You got this whole thing
0:41
started? Yeah.
0:43
I'll sign that menu. Yeah.
0:45
Would you like 1? You want a hamburger?
0:46
These burgers are killers. They're really.
0:49
They're good. That's great, man.
0:57
How's that? Nice.
0:57
That's perfect. Amazing, you know, And one more
1:00
right here would be fantastic. Don't mind.
1:02
If anything, we have some gifts. For you.
1:04
Good. I want Bitcoin.
1:12
OK, you got it. Appreciate your open mindedness.
1:15
Thank you so much for coming here.
1:16
It's great. It's a new.
1:17
It's a new era. That's what's happening.
1:20
It's amazing to see what's happened in such a short period
1:23
of time. Congratulations.
1:25
Thank you, Mr. President. Thank you.
1:26
Thank you, everybody. Thank you, Mr. President.
1:30
Thank you. This suckers are good too.
1:39
Yeah. This is a crypto burger.
1:46
You should name them. Name a Bitcoin and a crypto.
1:52
Plenty of them. You think you're going to be in
1:56
good shape back there? Last bottle though.
1:58
Do you want one? Huh.
2:00
You want one? She's been great.
2:08
I just think Greg Gutfeld, you have to watch it tonight.
2:11
Greg, how many people were there?
2:12
And Doug, you with it? Yeah, that's cool, right?
2:15
He's done a good job. Is everyone no Pulitzer Prize
2:18
winner that is one of the greats going to be Saints.
2:21
Embarrassed. Embarrassed.
2:23
OK, here you go, Doug. You're great.
2:27
Always. He makes me look thin.
2:28
That's. All I have a good time everybody
2:35
yeah Windows 7 Bitcoin live your number one source of the
2:37
peaceful Bitcoin revolution company breaking news
2:39
culturomatic warfare will be your guide through the
2:41
separation of money and state. Here is the first clip of Donald
2:44
Trump at pub key in New York City and he did.
2:47
This is the first time AUS president completed a Bitcoin
2:53
transaction. We have the clip of that
2:55
specifically later on in the show, but there you have like
2:58
Trump bought burgers for everyone in the bar, just
3:01
handing it out. I think at one point he said he
3:03
called it a crypto burger. You can just hear the whole
3:05
crowd say Boo, Boo. Anyways, from a historical
3:09
perspective, this is absolutely massive.
3:11
You can never have imagined this.
3:13
You know 27 2016 2017 when I got in Ben got in earlier than I did
3:19
can never have imagined this right Bitcoin being made legal
3:22
tender in El Salvador 20/21/2024 You'd have a potential an ex
3:27
president and potential future president, you know saying he'll
3:30
protect the right to self custody.
3:32
You know he'll protect the right to mine.
3:34
He'll stop the operation choke .2 point O and there he is
3:37
completing his first Bitcoin transaction at the famous
3:41
Bitcoin bar in New York City pub key.
3:44
So absolutely crazy historic. Here's the second part of the
3:48
clip. Donald Trump, he is in a bar, I
3:54
believe in downtown New York called the Pub Key in downtown
3:58
Manhattan. Maybe we can play up some sound
4:00
here guys. And see if he says anything.
4:01
He's. Going to scan this QR code here
4:11
with this phone. If you want to take that from
4:14
him, scan the QR code right? Here.
4:16
Right there. Right there.
4:17
Just that one. And fantastic it went through.
4:54
So absolutely historic moment as you could say he was having
4:57
trouble. There was glare, he tried to
4:59
scan it first it wasn't scanned, then they did it for him, but
5:02
still it still counts in my opinion.
5:04
Yeah, I mean, it's funny looking at that.
5:07
It reminds me of the days of old where you would have somebody
5:12
like onboarding a, a merchant or something and you'd have the
5:15
demo video of like, look, we did the transaction and but now it's
5:19
president doing it and it's just history doesn't repeat, but it
5:23
rhymes. Yeah, absolutely.
5:25
Man, this is such a historic moment, absolutely huge.
5:29
And again, also a reminder of something that we've been
5:31
talking about for the last couple days, the last couple of
5:35
months really about the this upcoming election in the United
5:39
States. It will have a major impact in
5:42
the regulatory environment for Bitcoin businesses in the US.
5:45
You don't want those Lightning wallets to continue to flee like
5:48
wallet of Satoshi, like Phoenix wallet and also the persecution
5:52
of Bitcoin developers like the Samurai guys.
5:55
So yeah, it is going to be the first Bitcoin election and I
6:00
think that is definitely a show of good faith.
6:01
And I do want to give a shout out to the people that made it
6:03
happen, I believe is Anthony Pompliano and David Bailey that
6:07
played a big role in getting Trump to pub key to make his
6:11
first Bitcoin president. The the first time AUS president
6:16
makes a Bitcoin transaction. Absolutely historic moment in
6:19
Bitcoin's history. And I do want to go legendary
6:22
host who's here on the wings today.
6:25
Optimus Field. How you doing bro?
6:28
What's up, dude? What's up, Ben?
6:29
How you doing? How you doing?
6:31
I'm doing. I'm doing well, man.
6:33
Everything's great. But yeah, what a what a
6:35
interesting clip, to say the least.
6:37
First of all, of course, seeing Donald Trump on a superficial
6:43
level do a Bitcoin transaction does, as Nikka always say, break
6:47
the Overton window. And then I think the most
6:49
interesting part is there was a lot of Bitcoiners kind of
6:51
talking about the fact that one, you know, didn't even seem like
6:55
Trump was doing it himself. It's like, OK, he's like a
6:58
boomer learning new technology. Like give the guy a break.
7:01
But the the fact that this was on Fox News, like I think that
7:05
is a historic event. Of course, for all of us younger
7:08
people, none of us are watching corporate press and we probably
7:11
don't watch Fox News. And I think the demographic is
7:14
like 60 plus. But again, with the idea of the
7:17
Overton window and having that transaction take place, yes, it
7:22
was a little clunky considering that there was a lot of glare
7:25
and there was some QR code issues with the lights and
7:27
stuff. And yes, it wasn't necessarily
7:30
Trump doing it himself. But again, he's still in his
7:32
learning curve. And I think I got to give him a
7:35
give him a break a little bit here.
7:36
The fact that he's actually doing this, I think it's super
7:39
historic. Of course, this is him
7:41
campaigning. Like, let's not, you know, go
7:43
into who's just a politician. This doesn't matter.
7:46
Bitcoin doesn't need Trump or Bitcoin doesn't need
7:48
politicians. Politicians need Bitcoin.
7:50
We totally get it, guys. Like, of course we all think the
7:53
same thing, but it is a historic event.
7:57
Now everyone's saying is what was it?
7:59
September 18th, official burger day for Bitcoiners.
8:02
Like we have pizza day. But Nico, I know you want to get
8:05
into the show real quick, but I do want to kind of do a little
8:08
update on what the stack was here.
8:10
Got this good tweet from Will Cole kind of clarifying a lot of
8:13
stuff here. And Will Cole goes so lots of
8:16
questions in regards to this transaction.
8:18
We'll call this the Trump stack. Donald Trump wielded a strike
8:21
wallet paying a Zaprite app Lightning invoice belongs to pub
8:25
key who are running their own lightning LND node on voltage
8:28
cloud. Very stable and reliable setup.
8:30
In fact, everyone, everybody says it's the best thing.
8:33
It's the best thing I've ever. And then just to clarify, Mags
8:37
responds that was not as smooth as lightning transactions
8:40
usually are. What happened?
8:41
And Wilco responds lots of flash photography causing glare on the
8:45
screen, plus an invoice that had been open for a long time in
8:48
anticipation. They take lightning payments
8:50
there every night with no hiccups.
8:52
Was just a lot going on. And so I did see a lot of people
8:56
basically saying like, oh, this was just a photo op.
9:00
Of course, you know, like this was just a campaign political
9:03
op. Totally was.
9:05
Of course it was, of course it was.
9:07
But still, I think the point remains the same that this was a
9:12
historical historic moment in the in the Bitcoin space at
9:15
large. Obviously, as Bitcoiners, we
9:17
like to hype everything up. We get super excited about
9:19
everything. But let's not take away from the
9:22
fact that, you know, technically the 1st U.S.
9:25
President to do a Bitcoin transaction at Pub Key in New
9:28
York, I think is a legendary moment, which just goes to show
9:31
how far this industry has grown. But I get it that, you know, a
9:35
lot of anti politicians in the Bitcoin space, like bro, like
9:39
when he had, when is he going to have his own lightning wallet,
9:42
his own lightning non custodial wallet?
9:44
And so there's just a lot of purity test.
9:46
But still, guys, come on, he's a boomer.
9:49
Like give the guy a break. I know there's boomers out there
9:51
that do know how to use Bitcoin, but he's still early in his
9:55
Bitcoin journey. And so it's still an important
9:58
moment. But you know, I'll get hate on
10:00
that. I don't really care.
10:01
It is what it is. Yeah.
10:03
And and I also got to say like do you remember the first time
10:06
that do you remember the first time that you used a Bitcoin
10:11
Lightning, I mean a Bitcoin wallet and a lightning
10:13
transaction? Like you like it?
10:14
It was, it was like somewhat difficult to do right.
10:18
So yeah, this is a 78 year old man.
10:20
He is pandering, but that's the whole point of politicians.
10:23
And some of the things that, like I've been explaining, is
10:27
Bitcoiners are now becoming part of his donor class.
10:31
And at the end of the day, DC is run by DC.
10:35
Politicians are run by their donors fundamentally.
10:38
That's why Trump went there because they raised a lot of
10:41
money for him in Nashville. And you know, he's he's doing
10:44
the favor back. So we want Bitcoiners to be part
10:47
of the donor donor base because that's how you actually
10:50
influence American politics. Ben, do you want to add to that?
10:55
I, I do and the most bullish thing about this, other than the
10:59
fact that yes, we have a, a president, you know, that that
11:02
is doing a lightning transaction is to me the pub key set up and
11:07
what they've done. Because in the days of old,
11:09
look, we're doing a Bitcoin transaction and the person would
11:12
be receiving like the merchant would be receiving via BitPay,
11:15
which is getting dumped to dollars immediately.
11:18
And they've got first of all, ZAP rights.
11:20
Incredible. I use that myself for invoicing,
11:23
but they, they have their own, their own lightning node.
11:26
They've got this full set up where they can accept it on the
11:28
spot. And I can testify to the way
11:30
that they've got it set it up because it's very much the the
11:32
way that I use it. And it works beautifully.
11:35
And it's and, and you have control over the full stack and
11:38
they're stacking those sats, right?
11:40
They're not, they're not dumping them to dollars.
11:42
So that's the bullish thing here, in my opinion.
11:45
Absolutely. And of course, like, you know,
11:48
we all work in showbiz, right? But when you have a president
11:53
right there, you know, your hands a little bit more shaky
11:56
than it normally would. But but yeah, maybe it maybe it
12:00
caused a bad impression on Trump, but normally it works.
12:04
Florida State anyway, so. The the best part was is like we
12:07
brought a gift for you. It's like, yes, I want Bitcoin.
12:09
I want. Bitcoin, he definitely knows.
12:12
He definitely knows the things to say.
12:13
In other news, we're going to talk about Congressman Warren
12:16
Davidson continuing to just criticize Gary Gensler and his
12:23
attack on self custody. We're also going to talk again
12:26
about the RNC platform this year, about their promises about
12:30
a the ending, the crackdown on the industry, supporting the
12:35
right to self custody, the offend, the right to mine, and
12:38
also opposing the creation of a central bank digital currency.
12:43
The state of Louisiana becomes the first state to accept
12:47
cryptocurrency payment. So we're going to get into the
12:50
details of that. And of course, BlackRock
12:53
released a report specifically mentioning all these things
12:58
about they, they sound like bitcoiners.
12:59
It's crazy, but we all have to be very, very wary because at
13:02
the end of the day, they don't actually, you know, that what
13:06
they're what they're recommending is Bitcoin, but
13:08
what they're recommending is ETF Bitcoin, not spot Bitcoin.
13:12
So that's something important to keep in mind.
13:15
Anyways, during the culture segment we are going to, we are
13:17
going to highlight Ben's new company beat Bitcoin mentor.
13:21
We're also going to talk about Bitcoin circular economies and
13:23
just interview the legend himself, BTC sessions.
13:27
So guys, this is gonna be a great show.
13:29
Stay tuned and for the guy for everyone who's watching now,
13:32
make sure to smash that like button.
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Help us break 100 likes within the 1st 20 minutes of the show.
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And of course, if you guys are watching us on X rumble and
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Noster, we really appreciate it all our everyone watching us on
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Quite surprised how many we've been getting these last couple
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days. So we're gonna continue posting
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on Noster protocols over platforms.
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Anyways, before we get into the show, I do want to give a shout
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the numbers. Alright everybody.
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So usually when you buy a hardware wallet, it usually
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monetary inflation 1.36%, market capitalization 1.25 trillion and
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Bitcoin versus gold market cap 7.07%.
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In the grand scheme of things, we are just getting started.
17:27
Anyways, I do want to show you guys a clip of Warren Davidson
17:31
absolutely grilling and questioning Gary Gensler's
17:35
leadership. This is the same Gary Gensler
17:37
that did not want the Bitcoin ETF approved.
17:40
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17:44
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Once they run out, they run out Anyway, so back to Warren
18:11
Davidson. This is about a 4 minute clip.
18:12
It's absolutely awesome and I just love clips where Gary
18:15
Glenzer is getting absolutely wrecked.
18:17
Let's check it out. Mr. Reiners, I hope no one's
18:19
listening to you about this. Oh, sorry about that, ladies and
18:23
gentlemen. Here we go.
18:23
Let's try that one more time. Listening to you about this
18:26
market, especially as a student trying to understand the space,
18:30
it's over a trillion dollars just for Bitcoin.
18:33
The markets over $2 trillion. Clearly lots of consumers find
18:37
value in this space. And frankly, the idea that you
18:40
could point out that there's only one time that the SEC was
18:43
even partially wrong has to be willful ignorance.
18:46
I mean, I don't know how it could be anything other than
18:48
deceit. I don't.
18:49
It's hard for me to understand because on August 29th, 2023,
18:53
the Circuit Court upheld the position that the SEC violated
18:56
the Administrative Procedures Act when it denied Grayscale's
18:59
application to convert Grayscale Bitcoin Trust into a Bitcoin
19:05
ETP. Following that decision, the SEC
19:08
waited until January of 2024 to actually approve the conversion.
19:12
And they basically was a was a pure review of of the actions.
19:19
If you look at Debt box, another pure review, lawyers would
19:22
normally get disbarred for the conduct of SEC in the debt box
19:26
case. So there are lots of cases where
19:29
they've been caught and told that they were wrong by the
19:31
courts, and the market continues to reinforce that there really
19:35
is value. Just looking at at Bitcoin
19:37
alone, people right now believe that it's a secure way to store
19:42
value with a level of confidence of around $60,000.
19:48
I mean, that's a, a new security product on the market that you
19:51
could digitally secure a unit of value and people believe in it
19:57
enough to put almost $60,000 into one unit of measure in a
20:01
Bitcoin. And they don't just want to
20:03
store it there, they want to be able to transfer it in a
20:05
permissionless peer-to-peer way. So if you read the Bitcoin white
20:09
paper available at bitcoin.org, you could see the concept even
20:13
if you just read the abstract. It's not just meant to be parked
20:16
there or speculated on. It's meant to be able to.
20:18
Be moved in a permissionless way and we don't know how much of
20:23
that trillion dollars of market cap in Bitcoin is self custody
20:29
versus third party custody. But the SEC under Gary Gensler's
20:34
leadership has willfully undermined the ability for
20:37
anyone to custody digital assets, not just Bitcoin but the
20:42
rest of the space as well. So they've decided that if they
20:46
can't completely end the entire space, they want to push custody
20:52
of it to some third party that they can control or manipulate.
20:56
They certainly don't want individual American citizens to
21:00
custody their own wealth and be able to move it amongst others.
21:04
So Mr. Fazzaro, when, when, when you look at this space and the
21:11
special purpose broker dealer path that we saw people saying
21:17
we'd love to try to custody digital assets for others.
21:21
What kind of problems did you find with the current framework
21:24
offered by Mr. Gensler? A few of the challenges related
21:30
to this framework are that relate specifically to Bitcoin
21:34
and crypto exchange traded products that I can mention.
21:38
One is that as an issuer an offer of the someone who wants
21:43
to offer these products. The larger and well established
21:48
custody banks that typically participate in custody of assets
21:52
in collective investment vehicles are effectively barred
21:56
from participating in the space. They don't have a way to bring
22:00
custody services to the market. That's one challenge.
22:04
A second one that I'd like to mention is that in the ETF
22:07
structure itself or the ETP structure itself, typically the
22:11
funds have a creation of redemption mechanism that works
22:15
through what is known as an in kind process where the fund
22:19
exchanges shares in in exchange for the underlying asset itself.
22:25
Because broker dealers are not able to handle Bitcoin and
22:28
crypto, we can't have that type of mechanism in the exchange
22:33
trader. Is that a consistent way that
22:35
it's applied for ETP ETF products?
22:37
Are they treating this differently?
22:40
In in overseas jurisdictions, we have in kind transactions that
22:44
occur in ETFs and Etps, but it's consistently applied here in
22:48
that we're not able to bring that type of structure to
22:50
market, which is the thing that we we think slightly increases
22:53
cost for end users. So I mean, like again, it's the
22:57
continuation of Operation Choke .2 point O and the continuation
23:01
of like, OK, maybe we can't ban this thing outright, but if we
23:05
ban self custody, it still achieves the same thing.
23:08
And you could still see them doing this in the background,
23:12
right? And this leads me to the
23:14
importance of this year's election.
23:16
So we have one party that is anti Bitcoin, pro CBDC and we
23:21
have another party who is pro Bitcoin, anti CDC.
23:26
And now that RFK has bowed out out of the race and supported
23:29
Donald Trump, it's literally it's a two party system.
23:33
I know it's not perfect. I know Trump is not a pure
23:35
Bitcoin maxi. He supports Bitcoin and crypto.
23:38
I know that's unpopular with a lot of Bitcoiners, but the the
23:42
other option I think is terrible as highlighted in that clip.
23:46
And just to continue the continuation of this this attack
23:49
on the industry. So this is the official
23:51
Republican Party platform on #5 it says champion innovation
23:55
specific. There's a specific part that
23:57
focuses on Bitcoin and crypto and it says Republicans will end
24:01
Democrats unlawful and UN American crypto crackdown and
24:04
oppose the creation of a central bank digital currency.
24:07
We will defend the right to mine Bitcoin and ensure every
24:10
American has a right to self custody of their digital assets
24:13
and transact free from government surveillance and
24:16
control. So it's very, very clear there.
24:19
I know it's very uncomfortable for a lot of people having this
24:21
conversation. And the reason for that is
24:23
because I think politics are divisive.
24:26
I think by definition they're divisive.
24:28
It's the organization of power. But what I would say is,
24:32
remember Bitcoin is a separation of money and state.
24:35
Bitcoin fixes a lot of these problems.
24:37
So it's important to put Bitcoin over party and we have two clear
24:41
choices ahead of us in this upcoming election in the United
24:44
States in November. And I got to say, you know, I
24:47
would rather vote for Trump. That's not perfect.
24:50
Then vote for the Kamala Harris that will continue their crusade
24:57
against the industry as highlighted right there.
24:59
You, you, you saw Warren Davidson.
25:01
He he, he identified it. He's like, look, even if they
25:03
don't get rid of digital assets altogether, they're going to go
25:07
after self custody. And the reason for that is
25:09
simple. They don't want for people to be
25:12
able to hold money of which they can't debase.
25:16
That's fundamentally what it comes down to.
25:18
But this doesn't surprise me. This is the separation of money
25:21
and say this is what it's all about.
25:23
But we now have the ability to do something about it as
25:26
bitcoiners become part of the donor class.
25:29
And if Trump does get elected, I think it will be very, very
25:32
positive from a regulatory perspective for Bitcoin and
25:36
Bitcoin businesses in the US. Anyways, I'm gonna pass it on to
25:39
Ben. Ben, similar in Canada in the
25:42
sense that right, you had Trudeau, the the famous Canadian
25:46
truckers protest, which you're a part of.
25:49
And then you have Poli Rare who's running and he has a pro
25:53
Bitcoin stance as well. So this isn't just AUS
25:56
phenomenon. This is happening on a global
25:58
level. Yeah, and and, and we so Polyev
26:03
came out relatively early in in support of Bitcoin and, and you
26:08
could you could see him as he navigated the waters of Bitcoin
26:13
and crypto. And actually he, he kind of went
26:15
the opposite direction of Trump in that he started specifying
26:18
Bitcoin specifically of what he he likes.
26:22
He's, he's a very free market type person, but he does, he
26:25
does have a preference of what he likes and to, to Trump's
26:30
burger. I'll, I'll see Trump's burger
26:33
and I'll raise you a future Prime Minister of Canada that
26:36
bought shawarma at Tahini's with Bitcoin.
26:39
So, so yeah, he, he's very likely to be the next Prime
26:43
Minister of Canada. So are you saying that Poli bear
26:45
he front ran Trump he. Did he definitely did, yeah,
26:49
because that was a few years ago that he was buying shawarma at
26:52
Tahini's in Ontario. And and yeah, I mean, he, he, I
26:58
don't know that he'll, he'll be, that he'll make sweeping
27:03
regulatory changes that are, you know, like we're not going to
27:06
have legal tender Bitcoin in, in Canada.
27:09
However, what I'll say in in what you're talking about, well,
27:13
you've got a binary choice here. You want as much runway as you
27:19
can to build out the tools so that people can self custody, so
27:24
people can continue to transact in a permissionless manner
27:27
because at at some point all these tools become too difficult
27:32
to crack down upon. But if we can get more time and
27:36
yes, if it, if that comes with like a side of crypto,
27:40
unfortunately, you know, I prefer that to throwing devs in
27:44
jail. So that's those are a choice.
27:46
100% right, It is pretty black and white in my opinion.
27:49
OPT Do you want to chime in real quick before we move on to news
27:52
because we have a lot to cover? Yeah, well, first and foremost,
27:55
shouts out to Lauren Davidson. He's been on the beat for a long
27:58
time and I think he is without a doubt a bitcoiner.
28:02
He's definitely done his homework and love to see that he
28:06
is in that position and actively fighting for the Bitcoin
28:09
industry. So love to see that.
28:11
Second, I've said it before, I think it was very obvious who
28:16
Gary Gensler was actually working for.
28:18
Everyone knows that he was an MIT professor doing a Bitcoin
28:22
and blockchain class. And then he becomes the head of
28:25
the SEC and he basically actively fought to stop the
28:30
Bitcoin ETF as far as everyone was concerned.
28:33
It looked like he was, you know, telling the line for some people
28:36
above him. So that's why he gets a lot of
28:38
really bad rap. And then the Republican versus
28:42
Democrat party. I've said it before, you know,
28:44
either way, all roads lead to Bitcoin.
28:45
We will accelerate towards Bitcoin adoption whoever gets in
28:48
power. I think the four year cycle is
28:50
still intact. But when you really kind of look
28:53
at both sides, it seems to be 1 is anti Bitcoin pro CBDC and the
28:57
other one, and it may not be perfect, but it's pro Bitcoin
29:00
and shit coins and wants to accelerate Bitcoin adoption.
29:04
So it's all going towards hyper bitcoinization at some point.
29:08
But actually before I move on, sorry, Nico Sessions, you
29:11
reminded me, did we ever get one?
29:13
And maybe I, you know, I have a bad memory.
29:15
I have a goldfish memory here guys.
29:16
But did we ever see a video of Naibu Kelly doing transactions
29:20
with Bitcoin? Because that was one of the big
29:23
criticisms that people were saying of Trump.
29:25
He's like, oh, he didn't actually do it.
29:27
And then I was thinking, I'm like, yeah, and yet we love
29:30
Naibu Kelly, but I don't remember him actually doing like
29:33
a video. You know, obviously a political
29:34
campaign, a political op in doing a transaction, but I don't
29:39
that interesting. I, I don't recall seeing that
29:42
also like they're, they're pushing the, the Chivo wallet
29:45
down there, which it, it, it had its issues out the gate.
29:48
So I feel like that demo would have been rockier than than
29:53
Trump's. Just there.
29:54
So yeah, no, I don't recall having seen it.
29:57
I don't know. Nico, do you remember?
29:59
I don't recall, but what I will say is I'm going to give Naimbu
30:02
Kayla a free pass here. And the reason for that is
30:04
simple. I was able to when I landed in
30:07
El Salvador, you pay a customs fee and I was able to pay that
30:10
customs fee in Bitcoin on chain or Lightning.
30:14
It was it was absolutely surreal.
30:16
And he did make Bitcoin legal tender, so I'm.
30:20
Gonna give a naive but this was more on people talk.
30:23
I'm gonna give him that moment. I'm gonna give him a free pass.
30:26
But anyways, I guys I do. I got more information.
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All right everybody let's get to the news.
30:59
We have a lot to talk about. Let's check it out.
31:01
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33:12
All right, so today's news is Louisiana State government
33:17
accepts first cryptocurrency payment.
33:20
Louisiana State Treasurer John Fleming announces an innovative
33:24
transition with state government's plan to accept
33:27
cryptocurrency as a valid form of payment.
33:30
You can't have it both ways. You can't say Bitcoin isn't
33:33
money and then say, hey, we're going to accept it as a form of
33:36
payment, right? You can't pick and choose which
33:39
laws are convenient anyways. Allowing the integration of
33:42
digital currency into Louisiana's public operations,
33:45
Louisiana residents will now have the option to pay for state
33:48
services with their private secure crypto wallets.
33:52
These popular type of currencies will be accepted Bitcoin,
33:56
Bitcoin, Lightning and USD coin. That that that isn't
33:59
cryptocurrency payments, that is Bitcoin and that is Lightning.
34:02
I'm so that is crazy that they're accepting Lightning off
34:06
the gate. Hopefully, it will go a little
34:08
bit smoother than the Trump one. In fact, the first
34:12
cryptocurrency payment was made today to the Louisiana
34:16
Department of Wildlife and Fisheries.
34:18
Fisheries, a unique service, converts incoming cryptocurrency
34:21
payments, depositing U.S. dollar amounts into state government
34:25
accounts like a credit slot or debit card transaction.
34:28
The service protects the state from previous worries about
34:31
accepting cryptocurrency and promotes the adoption of new
34:34
technologies in the state's infrastructure.
34:37
I mean, again, this is a continuation of the trend.
34:39
This happens literally, I think the day before Trump did that
34:44
transaction. So just imagine five years from
34:47
now where we'll be. And it makes me incredibly,
34:50
incredibly bullish. Anyways, you guys want to
34:53
comment on this before we move on to the BlackRock news.
34:55
Ben. Yeah, so I, I I do find it funny
35:00
though, the following cryptocurrencies will be
35:02
accepted Bitcoin, Bitcoin Lightning as if they're like
35:05
different, different currencies and and USD coin.
35:07
So I'm I'm I'm torn on this because on one hand I'm I, you
35:12
know, I'm not a fan of giving Bitcoin to governments, But on
35:17
the other side of things, I will say that for somebody, you know,
35:21
if somebody's like like myself, a crazy person living on
35:25
Bitcoin, things like this where you can just like get your bills
35:29
out of the way and just easily pay with Bitcoin and via
35:31
lightning from anywhere on the planet, even if you're
35:34
travelling, you can like ZAP and pay a bill or something like
35:37
that. That is, that is a step above
35:39
and beyond and it's, it's a, a, a huge step forward over the
35:45
legacy system. So I I think that's important.
35:47
100% and and one of the things I I found curious as well is that
35:53
they're converting it to Fiat immediately.
35:56
So it's like, yeah, we'll accept your Bitcoin, but we're going to
35:59
convert it back to we're going to convert it back to something
36:02
that we can just print money out of thin air of Yeah, I mean, I
36:07
agree with you. It's like don't give money to
36:09
the state, but at the same time the state is immediately
36:12
converting it back to Fiat, which is absolutely hilarious.
36:16
Anyways, Opti, what's your take on this yellow Opti cane some
36:20
muscle mass. We got yellow in the house.
36:23
Yellow is the CEO of Bitcoin. He is Satoshi.
36:27
So any price movements are one hundred 100% caused by yellow.
36:33
So if you guys have any complaints or anything at all
36:35
about Bitcoin's price, please, you know, tag yellow or message
36:39
yellow on Twitter. That's a joke.
36:41
But anyways, Opti, what's your take on this?
36:44
I mean, it is bullish in the sense that I think we get the
36:47
best of both worlds, right? Louisiana's accepting Bitcoin as
36:50
payment and lightning as payment, and they're selling it
36:53
immediately. So like, you know, I think we
36:57
get the best of both worlds as Bitcoiners here.
37:00
Yeah, I have to double down on the same thing that session
37:03
said. I'm not a fan of giving
37:06
governments your Bitcoin, but I think it does go to show that
37:09
the Bitcoin industry is maturing.
37:11
I know one of the big flood lines that I hear all the time
37:14
is that classic like, oh, well, you can't buy things with
37:17
Bitcoin or, you know, wait until a government is is taking
37:21
Bitcoin for taxes and then we'll talk.
37:23
Well, it seems like that point and we've, we're there like
37:27
we've crossed that bridge now. And yeah, hey, if they want to
37:30
convert, get back to Fiat, like have fun staying poor.
37:33
I guess there's still a lot of room to go in terms of education
37:37
and teaching people that you want to store the Bitcoin, not
37:40
just receive it as payments. But hey, we'll take baby steps.
37:44
We'll take baby steps here. And people have to learn this.
37:46
So over time, more and more people will learn this, more and
37:50
more nations will learn this, more and more states will learn
37:52
this. So hopefully more states do
37:54
follow. And it really, it really goes to
37:57
the next question of how are they going to beat Bitcoin in
38:01
returns in, in terms of capital gains tax and all that stuff.
38:05
People were kind of saying the same thing with the Trump
38:08
transactions, like did he play, did he pay cap gains on that
38:11
transaction? What's going on here?
38:13
So I think it's it's interesting developments and we're going to
38:16
see more and more data points of seeing States and countries try
38:21
to figure out how to actually deal with Bitcoin since it is a
38:24
whole new money tech. There is a learning curve and it
38:27
seems like we're still in the early fax days, the AOL Internet
38:32
days. But hey, we'll take slowly but
38:34
surely over, you know, catastrophe here any day.
38:38
So I think this is, this is, I don't know if I'd say bullish
38:41
Nico, but I think this is, this is good signal that things are
38:45
improving and politicians and regulators and people in power
38:49
are at least at the very lowest terms looking at Bitcoin
38:53
differently because it it is maturing. 100% also shout out to
38:57
the 1000 of you guys watching live between YouTube Rumble X
39:01
and Noster. If you guys are enjoying the
39:03
show, make sure to smash the like button, share the video and
39:05
Noster. We appreciate all the zaps
39:07
coming in Anyways everybody before we move on to the
39:10
culture, I just want to talk about Blackrock's presentation
39:14
that they released a couple days days ago.
39:16
The name of the presentation for the audio listeners is Bitcoin,
39:20
a unique diversifier. Why Bitcoins appeal to investors
39:24
lies and it's detached from traditional risks and return
39:28
drivers. That's right, ladies and
39:30
gentlemen. That was BlackRock that said
39:31
that not too long ago. They're talking about ESG.
39:35
You know, Bitcoin really does fix things, I guess.
39:37
Anyways, it goes on to say key points number one, investors
39:41
considering allocating to Bitcoin are grappling with how
39:43
to analyze it relative to traditional financial assets
39:46
given Bitcoin's unique properties and limited history.
39:49
2 Bitcoin, with its high volatility, is obviously a quote
39:53
risky asset on a stand alone basis.
39:56
However, most of the risk and potential return drivers Bitcoin
39:59
faces are fundamentally different from traditional risky
40:02
assets, making it unfitting for most traditional finance
40:06
frameworks, including the quote risk on and.
40:09
Risk off framework employed by some macro commentators.
40:13
That line is so important because this isn't a report
40:17
coming from a rando on Twitter. This is coming from BlackRock
40:22
and this is being shown to all the wealth management banks.
40:26
This is being that this report is being read by everyone and
40:28
they're literally telling you this is not a risk on asset.
40:31
You can't treat it as such. This is a completely different
40:34
asset. Key point #3 Bitcoins nature as
40:38
a scarce non sovereign, non sovereign.
40:41
The centralized global asset has caused some investors to
40:44
consider it as a flight to safety option in times of fear
40:48
and fear and around certain geopolitically disruptive events
40:53
#4 over the long term, Bitcoin adoption trajectory is likely to
40:57
be driven by the intensity of concerns over global monetary
41:01
stability, geopolitical stability, US fiscal
41:04
sustainability. Dude this is crazy that
41:07
BlackRock is. They're basically saying, like,
41:09
look, Bitcoin's gonna go up forever, Laura, because the US
41:13
government is putting too much money and US political
41:15
stability. This is an inverse of the
41:17
relationship that is generally attributed to traditional risk
41:20
assets with respect to such forces.
41:23
That is so insane because they're basically saying like,
41:26
look guys, even if the US political situation and the
41:32
fiscal situation gets worse in the US, that's actually good for
41:36
Bitcoin and that makes number go up.
41:38
And again, this is BlackRock saying this out of everyone
41:41
right now. They have this little graphic
41:44
here for the audio listeners. It says what makes Bitcoin
41:46
relevant? Persistent historical challenges
41:49
around money prone to inflation in the basement given a non
41:52
fixed supply 2. Difficult to transact across
41:55
borders 3. Access limited to one's
41:57
particular country controlled by central authority.
41:59
Then they said what bit what Bitcoin made possible.
42:02
Fixed maximum supply of 21 million, digitally native and
42:06
borderless permission permitting, near instantaneous
42:09
global transfer of value. First truly Open Access global
42:13
monetary system. And then it just goes and shows
42:17
the charts. This is insane.
42:19
And then of course, you know, it's it's it's saying that the
42:22
returns and the XS, the first cycle 592 X, the 2nd 555 X, the
42:27
3rd 104 X, the, I think the 4th 21 X and then the upcoming one,
42:33
nobody knows. But yeah, I mean, this is crazy.
42:36
They're making the case that it's an uncorrelated asset.
42:39
And again, guys, the signal here is the fact.
42:42
And look, it's showing you all the events and how Bitcoin
42:44
performed, right. So US, Iran escalation, the S&P
42:48
fell the pandemic, the S&P only did 2% Bitcoin, which is green
42:53
on every single thing. Bitcoin does not care.
42:56
The honey badger does not care. And again, the signal here is
43:00
the fact that this report came from BlackRock.
43:04
And this is being read by wealth managers all around the world,
43:07
the biggest banks, the biggest institutional investors.
43:11
And they're seeing this. And BlackRock, Larry Fink is
43:14
making the case as to why Bitcoin is an alternative asset.
43:18
Bitcoin is going to go up no matter what.
43:20
And actually, despite unstable political situations in the
43:24
United States, despite the, you know, the unsustainable fiscal
43:28
policy that actually benefits Bitcoin, which is crazy that you
43:32
have Larry Fink as admitting to something like that.
43:35
Yeah, it's it's funny at this phase of Bitcoins adoption,
43:39
watching the suits trumpet the exact same points that
43:46
bitcoiners have been making for years.
43:48
You know, you have Larry Fink saying while cap supply, it's
43:52
meant to stand in the face of money printer go Burr, you know,
43:56
in more professional language than that, But that's
43:58
effectively what he's saying. He's saying, listen, listen,
44:01
Bros, money printer go Burr, that's bad.
44:04
We need cap supply. We need censorship.
44:06
Like he's basically saying that to, to money managers and it's
44:11
wild to see it's I, I, I again, all of the things we just
44:16
finished talking about a previous and possibly future
44:19
U.S. President buying burgers with
44:21
Bitcoin. We're talking about the CEO
44:23
BlackRock orange Pilling money managers around the globe.
44:27
We're we're in in my wildest dreams.
44:30
I didn't realize it would happen this quickly, which makes me
44:34
wonder what's in store in the next epoch or two.
44:38
Dude, it's going to be absolutely nuts.
44:40
Opti. I mean, bro, does this surprise
44:42
you? It sounds like they're, they've
44:44
been listening to simply Bitcoin and Opti.
44:47
And I think they were taking some inspiration while they were
44:50
writing that report, my friend, because it's they're saying a
44:54
lot of the things that we've been saying for years now.
44:56
They've been listening to Piero Shard.
44:58
Let let's get this straight. Let's get this.
45:00
Straight. Yeah.
45:01
I mean, look, I've been saying this for a while and I think the
45:03
biggest news to come out of this whole BlackRock ETF was a couple
45:08
of weeks ago when they said that they were going to unleash.
45:10
I forget what the number is, but like 1500 or actually that might
45:14
have been Morgan Chase, I forget.
45:16
But essentially the idea is now that BlackRock has finally got
45:20
into the space, now that Bitcoin is got that legitimization of
45:25
BlackRock, they're unleashing all of their asset institutional
45:29
managers out there and sending this out to all of their
45:32
clients. And so I look this up real
45:34
quick. BlackRock manages assets for
45:36
clients in over 100 countries. The company helps over
45:38
35,000,000 Americans invest to save for retirement on behalf of
45:42
client. BlackRock manages the pension
45:44
savings of over 12 million people in the UK alone and of
45:47
course has approximately $10.5 trillion in assets under
45:51
management. So this isn't just some small
45:54
YouTube podcast here they are sending these reports to some of
45:58
the wealthiest people out there. A huge cohort of people out
46:01
there are listening to what BlackRock is saying.
46:04
And I, I venture to guess that they got this in their e-mail on
46:08
whenever it came out, what was it yesterday or whatever, Like
46:10
it hit all of their client, it's emails.
46:13
And now they're all reading about Bitcoin and they're all
46:16
getting the same signal that we're saying except for it comes
46:19
from the suit. So it holds a little more
46:21
legitimacy here. And, yeah, it's beautiful to see
46:24
that they're saying exactly what we are saying, which should
46:27
really get people to kind of be more concerned about where the
46:31
economy really is right now. If they're going this bullish on
46:34
Bitcoin and they're sending this these kinds of reports out to
46:37
people. I don't know, if I was someone
46:40
with a lot of wealth that wasn't a young person, I would probably
46:43
listen to them and be like, yeah, maybe I need to get some
46:45
Bitcoin right now because things aren't exactly as they seem.
46:49
And maybe the traditional financial world isn't as healthy
46:53
as I believe it to be. And maybe money printing is a
46:55
bad thing. And so as much as BlackRock does
46:59
make me feel icky and, you know, it gets me concerned that they
47:02
basically own everything on planet Earth, it's good to see
47:05
that they're at least spreading that signal out there and more
47:08
people are going to look to Bitcoin as a viable investment
47:12
option. Of course they're showing their
47:14
ETF, but slowly but surely they'll go into spot Bitcoin
47:17
once they realize that there's financial trickery that can play
47:20
out in the ETF. And also like, like the, the
47:23
ETFs, right? So like with people like, OK, so
47:26
like you're doing, I guess for convenience 'cause you want to
47:28
buy it with like your Charles Schwab account or whatever, but
47:31
like, OK, you're, you have to pay a fee when you buy the ETF
47:35
number one. And #2 you have third party
47:39
custody risk. So there's literally no upside
47:43
for buying the ETF instead of buying spot Bitcoin and taking
47:47
itself custody. I get it from a legal
47:49
perspective, there are some type of institutions that can't buy
47:53
spot Bitcoin, They have to buy the ETF there.
47:56
I understand. But for the vast majority of
47:59
people, BlackRock, I appreciate you being the employee of the
48:03
year employee of the month for Bitcoin.
48:06
But just keep in mind everybody spot Bitcoin is a real thing.
48:10
ETF Bitcoin is is is definitely ruggable.
48:13
Anyways guys, stay tuned. To hilari pump my bags.
48:16
Stay tuned for the culture. We got BTC sessions.
48:19
Coming up, we're gonna talk about Bitcoin, mentor, circular
48:21
economy, SAT's market, all that. All right, let's check it out.
48:24
Here we go. All right everybody I do want to
48:38
give a shout out to our sponsor, the Orange Pull app Stack
48:41
friends who stats the orange pop is the Bitcoin social layer join
48:46
the 12,233 bitcoiners that are currently on the app.
48:50
If you're on the go for a conference or perhaps you've
48:53
lived in your city for a while, you know any bitcoiners around
48:55
you you pull up the orange pull up.
48:56
It has a really clever geographical feature and it will
48:59
literally show you the bitcoiners near you and it will
49:01
allow you to send them a message directly you can also send Ben a
49:05
message directly on the orange pull up.
49:07
You can send Opti a message directly on the orange pull up.
49:09
You can send me a message directly on the orange pull up.
49:12
In fact, it's one of the best ways to reach me.
49:14
Don't really answer Twitter DMS these days or random emails.
49:17
So if you want to contact me, send me a message on the orange
49:19
pull up. And every two or three weeks or
49:21
so, I make sure to get back to each and every single one of you
49:24
guys. So download the orange pull up
49:26
today and scan the QR code or check the link in the video
49:30
description. Anyways, we have a very special
49:32
guest today. We have BTC sessions in the
49:35
flesh right next to me. We are streaming live by the
49:37
way, from the Real World Suite at Unconfiscatable 2024 courtesy
49:42
of Tone Vase and it's pretty sick.
49:45
Sweet man. Me and Ben have been staying in
49:47
the same room for the last three days.
49:49
Wait. Stay in bed.
49:52
Stuff got weird for sure. Yeah, yeah, yeah, definitely,
49:56
definitely. So yeah, no, it's pretty cool.
49:59
It's pretty cool. It's love this venue.
50:00
I think Tone did an incredible job and really, really enjoying
50:03
this event so far. And yeah, man.
50:05
So Ben, you've been working on quite, quite a couple things.
50:09
I want to start off with Bitcoin Mentor, which is your latest
50:12
project. You are Co founder with your
50:14
partner Mike. Yeah.
50:16
So basically I, I for quite some time I was doing one on ones
50:22
with people. You know, obviously there's,
50:23
there's eight years worth of, of tutorial content online and that
50:27
that does a lot of people a lot of good.
50:29
But often times you can kind of encounter hurdles and maybe
50:34
maybe you run into a snag that wasn't present in the video or
50:37
you just are uncomfortable. You want somebody to hold your
50:40
hand while I was doing one on ones with people.
50:43
But it got to a point where I was being booked so frequently
50:47
that I couldn't keep up with the channel.
50:49
And so it it was just kind of meant to be that that I I met my
50:54
Co founder Mike Cook in Calgary and he came to me with this idea
50:58
of like, hey, let's build out this thing.
51:01
And we, we basically put out the word for people who wanted to be
51:05
Bitcoin educators and we put them through the gamut.
51:08
And, and we had, I think in a couple of weeks, we had well
51:12
over 300 people apply to be mentors for Bitcoin mentor.
51:17
They went through a series of interviews and then the, the
51:20
final boss was me because they had to teach me how to, how to
51:24
use something or how, how to use Bitcoin in a wallet or hardware
51:27
or whatever. And so we ended up with a team
51:32
of, of we really whittled it down to the best of the best.
51:35
And now we have this amazing team of educators where if you
51:38
are either a newcomer trying to learn something and level up, or
51:42
if you've been around Bitcoin for a while and you, you kind of
51:46
consider yourself to be a bit of a Bitcoin Luddite where you've,
51:49
you've learned your one thing, you know how to do your one
51:51
thing. But now you're beginning to
51:52
question like, is my setup good enough?
51:55
Should I level up? Absolutely.
51:57
Always be learning. And and that's what the the team
52:00
at Bitcoin Mentor is there to do.
52:02
That's awesome, man. Yeah, It's very, very cool what
52:04
you guys are doing. And I feel like it's like a
52:05
natural continuation of what you've been doing with your
52:08
one-on-one sessions, right? But people can still book you,
52:11
right? Yeah, yeah, yeah.
52:13
So I'm I'm on there. You you can get one on ones with
52:17
me. I'm I'm more seldom than the
52:19
other guys. And that was.
52:20
Kind of that's Ben's very nice way of saying he's the premium.
52:23
He's he's premium VIP. You could still get Ben, but
52:26
he's top shelf now. I I, yeah, I, I, I, I maybe am
52:32
am slightly less less booked because it's it can be a little
52:37
bit more expensive because the only thing more scarce than
52:40
Bitcoin is is once time and and thus Bitcoin mentor came to
52:45
fruition. But honestly, every, every
52:47
mentor there not only was already an incredible educator,
52:51
but we have weekly calls to make sure one, everybody's up to
52:55
snuff. Everybody has their skill set or
52:58
they're constantly leveling up and making sure that we, we
53:01
basically back and forth teach each other how to be better
53:05
educators. And when you get a bunch of
53:06
educators in a room and we all and we all do a little scrum on,
53:09
on, on what's up, you level up quick, which is amazing.
53:13
So where can people start? They, they, they hear this or
53:16
that? This is interesting.
53:17
I don't know. I don't have the technical know
53:18
now. Perhaps I want to set up my
53:20
passport. Where?
53:21
Where could they go? Yeah, so you go to a Bitcoin
53:24
mentor dot IO and what you can do without having to to commit
53:29
right out the gate is you can book a free 15 minute discovery
53:32
session. And the way that works is you're
53:34
going to sit down, you're going to chat with my Co founder Mike,
53:37
and you're just going to outline like, Hey, this where I'm at,
53:40
this is where I think I might want to go.
53:43
And, and he'll basically look at your unique case and say, OK, so
53:49
you're looking to do this, that and the other thing, Well, I,
53:52
you know, and from our pool of mentors, he'll say, OK, the
53:55
person with the best skill set to complement what you're trying
53:58
to do is this person. Let's set up your initial
54:01
session or your package of sessions, depending on how much,
54:04
how much time it's going to take and go from there.
54:06
So, you know, even if you're curious, it's worth reaching out
54:10
and just saying, Hey, this is where I'm at.
54:11
What? What do you think would be a
54:13
good trajectory for me? Absolutely, 100%.
54:16
And I also, I, I want to pivot the conversation a little bit to
54:19
I was up there, I was in Calgary.
54:21
I love that part of Canada. By the way, Alberta's dope.
54:24
And you did something, I think you went through something
54:30
during the Canadian truckers protest.
54:32
And I think it, it really, and I think we're seeing this in the
54:35
United States. You've seen Warren Davidson
54:37
talking about it earlier how they're going after self
54:39
custody. The thing is, when you have a
54:41
circular economy and you're not dealing with the traditional
54:44
financial system, like good luck, bro, right?
54:48
It's like you can't like how you going to, you're gonna like you
54:51
shut off the entire Internet, like it's gonna be a little bit
54:54
more difficult, right? And this is the importance of
54:57
circular economies. And you did you, you started
55:00
doing these markets, they're called SAT's markets.
55:03
And you get different vendors from, you know, people that make
55:06
tea, people that make jerky, people that made like mustard.
55:10
And I remember I loaded up like a wallet with like 250 U.S.
55:14
dollars and I went to each and every single vendor and I bought
55:17
something. I don't even know if I took
55:18
everything home, but I wanted to support the circular economy.
55:22
And I think that is something that's already happening in the
55:26
developing world where people just don't trust the traditional
55:29
traditional financial system. But that is something that
55:32
definitely needs to be more popular in the developed world
55:35
where the traditional system is convenient enough for people to
55:39
live on on it. But they're working within a
55:43
system that is highly political, that can and has been used
55:48
against them in the past. And I think the Canadian
55:51
truckers protest was an example of that.
55:53
Yeah, 100% I'm, I'm, I'm very much on the train now where
55:57
where one of my number one missions is not only creating my
56:01
own, kind of selfishly creating my own circular economy at home
56:05
because I'm one of those crazies that already lives on Bitcoin,
56:07
but in, in, in creating that learning lessons and
56:12
blueprinting that out for other places to replicate it.
56:15
Because you're right, you know, other nations that maybe aren't
56:18
first world countries, they're kind of leapfrogging us in that
56:22
circular and that community aspect because they, they
56:27
already didn't really have access to, to, you know, like
56:32
banking, things like that. And so it's easier to, to
56:35
leapfrog and create that, that circular economy.
56:38
Whereas if you're in a major city and yeah, there's a bunch
56:42
of bit corners and everything, but everybody's just using Fiat.
56:45
They've got their credit cards, they've got their whatever.
56:47
And you may be passionate about Bitcoin, it's tougher to connect
56:51
and figure out how to navigate that.
56:53
And that's what we're trying to do in my city of Calgary is we
56:57
started with the Bitcoiners. We said, listen guys, you
57:00
already understand this is the better money.
57:02
Obviously you know that you already earn a paycheck and then
57:06
you take that paycheck and you you convert some of that to
57:09
Bitcoin to save for the long term.
57:12
You all have skills, you all, some of you have businesses and
57:15
create goods and services for others.
57:17
Why would you not accept Bitcoin and just like cut out a step
57:22
here? And so that's, that's what we're
57:24
doing. The first one that we did was
57:25
last Christmas. It was super successful in, in I
57:30
think 3 weeks notice. We got 35 vendors together and
57:34
just did, did our Christmas market.
57:35
It was amazing. We did another one in the
57:37
spring. We did another one right before
57:41
the Bitcoin Rodeo and we're gearing up for another one this
57:44
December for another Christmas market where I think we're going
57:46
to do it twice a year. But the point is you don't have
57:50
to be at the market to benefit from this because once you once
57:53
you've been to the market, you establish those relationships
57:56
and then you continue down that path of supporting your local
57:59
Bitcoiners. My dad just called me up the
58:02
other day. He's like, Oh my God, my
58:03
toilet's broken. What did I do?
58:04
I called up the Bitcoin plumber. He showed up.
58:07
He got shit handled literally. And and and and yeah, my dad has
58:12
a a fancy new working toilet paid for with sats.
58:16
Shit going, problem fixed. Boom and it's peer-to-peer
58:19
right. Beautiful, beautiful, beautiful
58:21
yeah, man, I'm I'm I had a great time guys, if you haven't made
58:25
definitely go to that part of Canada specifically, I would say
58:27
take advantage of the Bitcoin Rodeo conference and just go up
58:32
there. It's it's incredible conference.
58:34
This year we did the roast of BTC sessions.
58:37
We had a very, very famous comedian, JJP Sears, JP Sears, I
58:44
got his name right this time. And no, it was absolutely
58:48
hilarious. So it's it's a great time.
58:50
Highly recommend the pilgrimage. Highly recommend that
58:53
conference. It's high signal, great
58:54
production and a great job. Anyways, we are at the top of
58:57
the hour. I do want to give opportunity to
58:59
Opti to have some last words, then Ben and then we'll wrap it
59:02
up. Well, I really want to ask Ben a
59:05
question. So it was like a hair in my
59:08
mouth 'cause we were trying to bring Ben on a while ago, we got
59:12
requests for Ben to come on. And I don't want you to dock
59:15
your setups or whatever gets you in trouble here.
59:18
So you can plead the 5th if you want to.
59:20
But for people out there, they are very curious of how do you
59:24
actually live on the Bitcoin standard and how do you connect
59:28
to the Fiat world? And I'm, I'm sure you have
59:31
videos on this, but just a quick little TTLDR for the people out
59:35
there, how do you actually live on the Bitcoin standard?
59:38
Yeah. So, so there's a a few things in
59:41
practice that I do. So number one is we're very
59:47
lucky in Canada that we've got some great companies, some great
59:52
Bitcoin companies, one of them Co sponsor of of simply Bitcoin
59:57
and and BTC sessions. By the way,
59:59
bitcoin.bitcoinwell.com/BTC sessions, great cut.
1:00:03
No, no, no, hold on hold. On hold on
1:00:05
kickerboy.com/thesimply. BTC.
1:00:07
Kick em off the show. But what the main point being in
1:00:12
in Canada is very easy to pay your bills with, with a service
1:00:16
like Bitcoin. Well, they, they do an
1:00:17
incredible job. I can pay lightning and it can
1:00:20
go and it can pay a bill. It can go to a bank account, It
1:00:22
can do all of these things. So, so that bridge is a major
1:00:25
gap for me. Another great service that I use
1:00:28
regularly. And there's a number of them,
1:00:29
but I love bit refill. And so for things like gas and
1:00:33
groceries, things like that, I can just like literally in line
1:00:37
at the grocery store, I pull up my Lightning wallet, I hit a bit
1:00:39
refill, I get my myself a grocery card and I pay for it.
1:00:43
And now they know me. Like they don't know exactly
1:00:45
what's going on, but they're like, there's the guy that
1:00:47
stockpiles gift cards. I'm like, yes, absolutely.
1:00:51
So those, those take care of a lot of it.
1:00:53
But I recognize I'm using services to make that possible.
1:00:57
And thus the impetus for the SAT market is, you know, to be truly
1:01:02
ungovernable, uncensorable, you have to have a community, you
1:01:06
have to know people and be able to say, hey, you know, I, I, I
1:01:10
know my, my local rancher, I've shaken his hand and I bought,
1:01:14
you know, a quarter cow from him.
1:01:16
And, you know, I things like that where you, you can't
1:01:19
prevent people from having relationships with each other.
1:01:22
And that's the true strength. So those, that's kind of the,
1:01:24
the, the three pronged approach that I have right now.
1:01:27
And it seems to be working pretty well.
1:01:29
Love that love that. Anyways, guys, this was a a
1:01:32
special these last three days special edition simply Bitcoin
1:01:36
live streaming from the real world suite at unconfiscatable
1:01:40
2024 courtesy of Tone vase. I'm gonna be heading back to
1:01:45
Miami later tonight. Opti is gonna be taking the host
1:01:48
seat tomorrow with Chris or Brandon Opti.
1:01:51
I think it's Brandon Brandon and I'll be back for the Monday show
1:01:56
guys, this was simply Bitcoin Live for September 19, 2024.
1:01:59
I'm your host Nico. This is our guest for today.
1:02:02
Of course the legendary BTC sessions and of course my
1:02:05
legendary Co host, Optimus Fields.
1:02:07
All right everybody, if you guys enjoyed the show, you know what
1:02:09
to do. Smash the like button, consider
1:02:10
subscribing and go outside, touch some grass and I'll see
1:02:15
you guys on Monday. Everybody peace out everybody.
1:02:20
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