Latest / Simply Bitcoin / $725B Bank: Forget the Election, $200k Bitcoin is coming | EP 1112

Transcript

$725B Bank: Forget the Election, $200k Bitcoin is coming | EP 1112 · Simply Bitcoin

• 0:00
  Yo, these two giants holding trillions of dollars of assets
• 0:04
  are predicting massive gains for Bitcoin after the US elections.
• 0:08
  An $800 billion bank predicts a Bitcoin will end the year at 75K
• 0:13
  if Harris wins and 125K if Trump wins.
• 0:16
  But wait, a $725 billion investment manager believes
• 0:21
  Bitcoin is headed to 200 K. Either way, today will reveal
• 0:26
  who these giants are and explore whether they know something that
• 0:29
  we don't. Plus, I think we're going to
• 0:31
  settle the age-old debate of whether the Bitcoin cycles are
• 0:34
  linked with the halvings or the liquidity cycles are impacted by
• 0:38
  the elections. Let's jump straight into it.
• 0:40
  We got a big show for you guys today.
• 0:42
  And of course, I'm in the driver's seat, but I'm not
• 0:45
  alone. We have our fearless leader
• 0:47
  Nikka with us and of course, James from stamp seed.
• 0:51
  Let's get into this guy's forgive us for the slight delay.
• 0:55
  This restream changed on us a little bit, but we're we're
• 0:58
  we're rolling with the punches. All right guys, first and
• 1:01
  foremost, the big news actually, as you guys know, it's Election
• 1:05
  Day big, big deal here in the United States.
• 1:08
  But as bitcoiners doesn't matter for us, Nico would argue yes,
• 1:12
  some of us might argue Bitcoin's going to do what it does
• 1:14
  anyways. But first first prediction here
• 1:17
  is by Standard Chartered Bank $800 billion company predicting
• 1:22
  that Bitcoin will hit 125K if the Republicans sweep Congress.
• 1:26
  So let's look into this Bitcoin post US election playbook, you
• 1:30
  know, using volume levels and popular strike levels and
• 1:33
  estimate post election price moves.
• 1:36
  They think that BTC price is likely to be around what today
• 1:39
  they said 73. It pumped up to 70 K this
• 1:42
  morning. And assuming a Trump victory
• 1:45
  options break even imply a further price rise about 4% when
• 1:49
  the presidential outcome is known.
• 1:50
  So maybe later today, maybe a week from now, who knows And
• 1:54
  around 10% in total plus gain in the next few days.
• 1:58
  And if there's a Republican sweep in Congress, then the year
• 2:02
  end target is 125 K. And that where we might end up
• 2:06
  by the end of the day or the end of this year.
• 2:08
  And if Harris wins, we might see a little, little bit of the
• 2:10
  price go down, but we should probably break all time high by
• 2:14
  the end of the year at around 75 K.
• 2:17
  So this is our first prediction here by Standard Charter Bank.
• 2:20
  And the next one is by Bernstein analysts.
• 2:23
  And of course, this is kind of where I've been headed and this
• 2:26
  is kind of my thinking. And this is how what Bernstein
• 2:29
  says, the headline Bitcoin could hit 200 K by 2025, driven by
• 2:33
  institutional demand. And the ETFs, of course, we've
• 2:35
  been covering the ETFs all year. We've seen institutional demand
• 2:39
  ever since Black Rock out into Bitcoin and so they're
• 2:42
  projecting 200K by 2025 S next year.
• 2:45
  Who knows when exactly, but we'll argue maybe around
• 2:48
  November of next year, fueled of course by post having supply
• 2:51
  dynamics and institutional demand growth and of course the
• 2:55
  attraction of institutional capital from the ETFs.
• 2:58
  But let's not just look out, you know, some price predictions by
• 3:02
  these analysts. Let's look at post election
• 3:04
  performance historically around Bitcoin.
• 3:06
  So Bitwise has been dropping some really good charts recently
• 3:10
  and actually I think I might need some help from Nico here
• 3:12
  considering that I'm the colorblind 1 here.
• 3:14
  So you can see that days after the US election couple 100 days
• 3:20
  plus Bitcoin price starts ripping.
• 3:23
  So I know all of us bitcoiners are usually having cycle Maxis
• 3:27
  or like it's a four year halving cycle.
• 3:28
  This is why Bitcoin does what it does usually, you know, a couple
• 3:32
  hundred days after the halving, it's roughly around like six
• 3:34
  months or so the Bitcoin starts to RIP.
• 3:37
  But it's very interesting, like what does the, you know, where
• 3:41
  he lined up the having perfectly with the elections, because
• 3:44
  after the elections, that's when capital goes and gets injected
• 3:48
  into the markets and the price starts ripping.
• 3:51
  And we're seeing something very similar.
• 3:53
  So, you know, you guys can choose whatever side of the
• 3:56
  aisle you want, but it looks like that based on the
• 4:00
  prediction odd markets, you know, the, the, the, what are
• 4:03
  the, the betting odds here? This one's based on Pauly
• 4:06
  market. There's been a price rise this
• 4:09
  morning. People are predicting.
• 4:11
  I think the market is pricing in a Trump win and you can see that
• 4:15
  the Bitcoin price has reacted very strongly this morning.
• 4:18
  It got back up to 70 K. So, you know, the standard
• 4:22
  charter bank and analysis is kind of on point that we're
• 4:25
  going to probably get into that 73 K range by the end of the day
• 4:29
  once we know the outcome of the Bitcoin or the election.
• 4:32
  The Bitcoin price has responded very good this morning.
• 4:34
  It seems like the markets are pricing in a Trump victory.
• 4:39
  I know a lot of the betting odds out there saying that Trump is
• 4:42
  most likely going to win. Do we know?
• 4:44
  We have no idea. But by the end of the day, we
• 4:46
  should get a clearview of what is going on.
• 4:49
  Are we going to get a Harris win?
• 4:50
  Supposedly, allegedly, it could be a week.
• 4:53
  Who knows how long this is going to take.
• 4:54
  But if we get a Harris win, people are thinking, you know,
• 4:57
  the price might go down a little bit, but we should be back at
• 5:00
  these price levels by the end of the year if Trump wins.
• 5:03
  And I think this is what the betting odds are kind of pricing
• 5:06
  in the price of Bitcoin seems to be ripping.
• 5:09
  And so, you know, based on past performance, it's very
• 5:12
  interesting that the halving cycles do align perfectly with
• 5:15
  the election cycles, with the liquidity markets of the
• 5:18
  election. And I've been saying this for a
• 5:20
  while and you know, Nico and I kind of went back and forth
• 5:22
  yesterday, it seems like a lot of people are just leaving
• 5:25
  capital on the sidelines. You know, the election bring a
• 5:28
  lot of uncertainty and This is why you're seeing that many
• 5:32
  people are just kind of keeping their capital on the sidelines
• 5:35
  waiting for this election results to play out before they
• 5:37
  start to inject capital into the markets.
• 5:40
  But it looks like the Bitcoin price is reacting very favorably
• 5:43
  this morning on a, you know, pricing in of whether Trump is
• 5:48
  winning this election. We'll we'll see some fireworks
• 5:52
  by the end of the day. But anyways, Nico, you're in the
• 5:55
  Co host seat. You know, our our fearless
• 5:57
  leader Co hosting today. But what's your thoughts on
• 6:00
  this? I know you and I have been going
• 6:01
  back and forth. What's your thoughts on the idea
• 6:04
  of the Bitcoin having cycle versus the Bitcoin election
• 6:07
  cycle? Yeah.
• 6:08
  You know, it's, it's, it's quite a coincidence that the year of
• 6:13
  the having is also the year of the US presidential election.
• 6:17
  People are saying that they don't like, they're saying that
• 6:21
  it was a coincidence, that that wasn't on purpose.
• 6:24
  There's a lot of coincidences in Bitcoin.
• 6:26
  So my personal belief is I don't think that was a coincidence.
• 6:30
  Now in regards to the, if you look at previous cycles, yes,
• 6:36
  Bitcoin tends to go bananas after the presidential election.
• 6:41
  Now specific to this presidential election, this is
• 6:45
  really the first time that Bitcoin is on the ballot.
• 6:49
  So what do I mean by that? Depending on who gets elected,
• 6:53
  which candidate gets elected, you're either going to have a
• 6:56
  pro Bitcoin regulatory environment in the US for the
• 6:59
  next four years, or you're going to have an anti Bitcoin
• 7:02
  regulatory environment for the next three years, four years.
• 7:05
  Not to mention the potential finally, finally freeing Ross
• 7:10
  Ulbrich. So yes, I, I think that
• 7:15
  depending on what the outcome of this election is, it's
• 7:18
  definitely going to have an impact on price without a shadow
• 7:21
  of a doubt. Now, what if Harris wins?
• 7:24
  If Harris wins, does that mean that, you know, we're not going
• 7:27
  to pump like crazy in 2025? No, I don't think so.
• 7:31
  Bitcoin has existed during multiple administrations.
• 7:36
  Multiple administrations have been relatively hostile from a
• 7:40
  regulatory perspective. So Bitcoin doesn't care.
• 7:43
  TikTok, next block. However, you cannot deny that
• 7:48
  one candidate would be more positive for Bitcoin.
• 7:51
  And I think the market is going to sniff that out.
• 7:54
  I think the market is going to sense that.
• 7:55
  So if there is a potential Trump victory, I think we're going to
• 8:00
  pump harder. And if there's a Harris victory,
• 8:03
  there might be a short term dump followed by, you know, the, the
• 8:08
  pump like usual. That, that, that's what my
• 8:10
  intuition is telling me. At the end of the day, no one
• 8:13
  knows the future. If anyone's telling you
• 8:14
  otherwise, they're lying. But it is going to be an
• 8:17
  exciting day regardless, specifically if you not live in
• 8:20
  the United States. I mean, the like, if, if you
• 8:22
  would have told me 15 years ago that you would have a mainstream
• 8:28
  political candidate bringing up the fact that he's going to
• 8:33
  protect Bitcoin, protect the right to self custody, protect
• 8:37
  the right to mine, potentially put Bitcoin on the US
• 8:42
  government's balance sheet and and keep it there as a strategic
• 8:46
  reserve, I would not have believed you.
• 8:48
  So we've come a long way. I saw V for Vendetta in the chat
• 8:52
  talking about it. Yes, ultimately the most
• 8:55
  important vote you can make is voting with your wallet, taking
• 8:58
  self custody, opting out of the system, taking back your
• 9:01
  financial sovereignty, taking back your monetary energy.
• 9:04
  Without a shadow of a doubt, that's 100% true.
• 9:07
  However, however, and me and Opti were talking about this
• 9:09
  yesterday, your vote today does count.
• 9:13
  It does matter specifically if you live in the swing States and
• 9:16
  even if you are just like Nico. I don't care about the Bitcoin
• 9:18
  regulatory environment or for whatever reason, at least do it
• 9:21
  to free Ross. Man, this guy's been given two
• 9:24
  life sentences unjustly. They tried to make an example
• 9:27
  out of him. That's fucked up.
• 9:29
  And if we we now have, even if Trump is gaslighting us, even if
• 9:34
  he's lying to us, at least I'm going to be able to sleep
• 9:37
  soundly at night and say, you know what?
• 9:39
  I gave it a shot. I gave it a shot for Ross to
• 9:42
  regain his freedom. Ross's mom actually reached out
• 9:45
  to us on Friday and she sent us a video.
• 9:47
  Could you imagine the ups and downs that this lady has gone
• 9:51
  through with her son and we are on the cusp of potentially
• 9:57
  freeing her son? I mean, that is that is pretty
• 9:59
  crazy. And again, one last thing before
• 10:01
  I pass it on to James. It's not that Bitcoin needs
• 10:05
  politicians. It's that our movement has
• 10:08
  become so powerful, so strong, so influential, we are now part
• 10:13
  of the donor base that you're going to see more and more
• 10:16
  politicians come to Bitcoiners and say, hey, I need your vote.
• 10:21
  Not only do I need your vote, I need some of that sweet, sweet
• 10:24
  Bitcoin money in order to run my campaign, right.
• 10:27
  So anyways, that's my take. Of course, we have a very
• 10:30
  special guest today. We got James in the house, the
• 10:33
  hammer man himself. How you doing, James?
• 10:37
  I'm doing. Great guys.
• 10:38
  Great day today. I mean happy to be here with you
• 10:42
  guys. After going there, casting the
• 10:43
  ballot, I tried actually bringing my hammer and my plate
• 10:47
  and doing a titanium bout so paper.
• 10:49
  They would have let me do it though.
• 10:50
  So I have to do the shit coin paper route, but you know, it's
• 10:54
  all good. The C phrase is in the titanium
• 10:57
  so you know important things are there.
• 10:59
  But I'm doing great guys, and I'll get to see you today.
• 11:02
  Yeah, but then thanks for joining us, man.
• 11:03
  So what? What's your take on this like?
• 11:05
  Quick opinion from you, James, like.
• 11:07
  Yeah, I mean, I'm kind of in your boat.
• 11:08
  Like I, you know, if Trump wins, obviously Bitcoin to me is good.
• 11:12
  The price is going to pump. We saw that a little bit this
• 11:14
  morning. I only think that's going to
• 11:16
  continue. You know, obviously it's
• 11:18
  embracing Bitcoin a lot more. You know, during the election
• 11:21
  campaigning, I was in Nashville. So him there speaking on stage,
• 11:26
  you know, fire Gary Gensler, Free Ross, all those good
• 11:28
  things. He's going to let us play with
• 11:30
  our bitcoins. So obviously all good things
• 11:34
  there. And I think it'll be great for
• 11:36
  Bitcoin, you know, for every citizen in the country to
• 11:39
  embrace it. It'll be a lot less looked at as
• 11:42
  a scam by the masses just because it's going to be
• 11:44
  embraced a lot more. And you know, you'll get the the
• 11:46
  entire it wouldn't just be obviously, you know, Trump
• 11:48
  winning the entire cabinet is pro Bitcoin, RFK, Elon Musk, pro
• 11:54
  crypto, at least on his end. But I was watching one of your
• 11:57
  videos with with Ruston yesterday.
• 11:59
  He does a great job. And he's talking about how Ron
• 12:03
  Paul will could potentially be unofficial role.
• 12:05
  But in Elon's year, if he's the department of government
• 12:08
  efficiency. So that could be pretty
• 12:10
  interesting too, because obviously, you know, I feel that
• 12:13
  the first big wave of mainstream Bitcoiners came through the
• 12:16
  Occupy Wall Street movement. Ron Paul could have been a voice
• 12:19
  if they that they follow during those times.
• 12:22
  And it's funny to see him kind of come back around full circle
• 12:25
  when bitcoins embrace on, you know, much more of a national
• 12:28
  stage at this point. It's, you know, it's being
• 12:31
  embraced financially, ETFs, obviously people are going to be
• 12:34
  putting it on their balance sheets, corporations and now,
• 12:36
  you know, from the government standpoint, much more embrace.
• 12:39
  So it's cool to see things come full circle.
• 12:41
  So obviously I feel Trump wins, Bitcoin will be embraced a
• 12:46
  little faster either way. It's inevitable.
• 12:49
  If he doesn't, you'd say the price goes down.
• 12:52
  We don't know, but if it does, you know, just buy more sets
• 12:54
  since he's that easy. So yeah, it's my take. 100
• 12:58
  percent, 100%. Well, I just want to echo one
• 13:01
  thing that Kaiser said. Nico, you brought it up and but
• 13:04
  I quote Kaiser all the time on this show.
• 13:06
  You know, he who has the Bitcoin makes the rules.
• 13:08
  And it seems like we're finally entering into that political
• 13:11
  paradigm. But just kind of echoing what
• 13:13
  all the chat is saying, Bitcoin don't need no stinking
• 13:16
  politician. The politicians need Bitcoin and
• 13:19
  they need Bitcoiners to succeed and secure that vote.
• 13:22
  So it's going to be a very interesting end of the day.
• 13:25
  Or actually maybe we, who knows, we have no idea what's going to
• 13:29
  happen by the end of the day, but I think we should get a good
• 13:31
  idea by tonight what's going on with the elections, Who might
• 13:35
  win, who's leading in the polls, all that good stuff.
• 13:38
  But hey, I'm going to make a prediction here, Nico and James.
• 13:41
  I think Bitcoin is going to win this election at the very end of
• 13:45
  the day. And here we are.
• 13:46
  Love to see it. Love to see.
• 13:48
  It absolutely guys before we jump into it before I hand
• 13:51
  backed up to Opti guys we have 76 likes right now on YouTube
• 13:55
  smash that like button help us break 100 likes within the 1st
• 13:58
  20 minutes of the show Opti. Let's go.
• 14:01
  Of course guys, we got to talk about Bitcoin.
• 14:04
  Well, buy real Bitcoin. We're on the mission to enable
• 14:07
  independence. You need to have a Bitcoin
• 14:10
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• 14:14
  which means there is no possibility of them rug pulling
• 14:17
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• 14:18
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• 14:22
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• 14:40
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  So get your lightning wallets ready and 1st come first serve
• 15:16
  today. The winner will get let's see
• 15:19
  dude 500 SAT OK, so 500 sets, first one to scan it gets these
• 15:23
  sets and you have a chance to win up to 1,000,000 sets.
• 15:27
  I repeat 1,000,000 sets. Anyways, we got a big show for
• 15:31
  you guys. Let's get into it.
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  All right, boys and girls, Of course it's numbers.
• 17:43
  We're over here on Clark Moody's Bitcoin dashboard and the
• 17:46
  Bitcoin price this morning, it got a rebound.
• 17:48
  We're at $70,190.00 per Bitcoin. The sats per dollar, AKA how
• 17:53
  much Bitcoin you can buy for a single dollar, AKA how much your
• 17:56
  dollar is worth in Bitcoin is currently at 1425 sats or 142
• 18:01
  bits for you guys in the bag. I think, Nico, I think bits is
• 18:04
  going to come back in style once we break 100K.
• 18:07
  So I'm, I'm going to keep plugging the bits just to troll
• 18:09
  people out there. Anyways, the most important
• 18:12
  number here is the block hike. TikTok Next block Bitcoin is
• 18:14
  working exactly as designed. We're currently at a block
• 18:17
  height of 869,000 and seven again 869007 and the market cap
• 18:23
  in Fiat terms is $1.39 trillion. The Bitcoin versus gold market
• 18:28
  cap, so much room to run in the hard money game.
• 18:30
  We are currently at 7.3% of the gold market cap and the total
• 18:35
  Bitcoin that will ever be issued is currently at 94.18%, which
• 18:40
  means that 19,777,900 33.61 Bitcoin are circulating
• 18:47
  currently. Matt, you might want to get some
• 18:49
  just in case the cat is on. OK guys, I, I want to play this
• 18:53
  video. So Jack Mueller's came out with
• 18:55
  a clip yesterday. And again, you know, we're
• 18:58
  making these price predictions. It looks like the elections
• 19:01
  finally going to clear out the liquidity.
• 19:02
  It looks like Bitcoin finally ready to pump and we're going to
• 19:06
  be in for an incredible ride. I believe personally going into
• 19:09
  2025. But Jack Mueller's just did this
• 19:12
  clip and I think he's got a new take on this idea.
• 19:16
  When you get asked by your normally friends the question,
• 19:18
  am I late to Bitcoin? Because a lot of people, we're
• 19:21
  going to see a lot of people on the sidelines right now
• 19:23
  basically be like, oh, you know, I'd buy Bitcoin if it went down
• 19:27
  to 50K. Now it's at six figure Bitcoin,
• 19:30
  it's 100K Bitcoin. Like I missed the boat.
• 19:32
  Everyone that comes to Bitcoin has the same idea.
• 19:35
  I remember when I got into Bitcoin, I thought I missed
• 19:37
  Bitcoin because I didn't buy it at $100.
• 19:40
  You're going to get the same thing with your normally
• 19:41
  friends. They're going to come around and
• 19:43
  be like, ma'am, bitcoins at 100 Ki miss Bitcoin.
• 19:46
  And I really like how Jack Mullins is framing this.
• 19:48
  So we got a new take on the question, am I late to Bitcoin?
• 19:53
  Let's hear what Jack Mullins has to say.
• 19:55
  Is because I was I was with a bunch of no coiners last night
• 19:58
  people asking about Bitcoin and couldn't convince themselves to
• 20:01
  buy it and the number one thing people keep saying is you know
• 20:05
  I'm just late I'm late to the game and I love the this is a
• 20:11
  new idea is. Thinking you're late to Bitcoin
• 20:15
  is an ego test. It's just your ego fooling with
• 20:19
  you. Because late?
• 20:21
  Late to who? Bitcoin.
• 20:24
  There is no one taking attendance.
• 20:26
  Bitcoin doesn't. Bitcoin isn't even a human, it's
• 20:29
  a piece of software. It can't take attendance.
• 20:31
  It doesn't know time, it has no idea when you showed up.
• 20:34
  It doesn't even give a shit about who you are.
• 20:37
  So late to who? Oh, late when you compare
• 20:41
  yourself to other people, late when you compare yourself to
• 20:45
  your friends or to your siblings, that's what you're
• 20:48
  late. So Bitcoin is an ego test.
• 20:52
  I loved that as well. So I think it's a litmus test.
• 20:55
  It's an ego test. If you're willing to say, you
• 20:58
  know what, it is the hardest, best thing for me to own.
• 21:01
  It doesn't matter if I owned it later or earlier than any other
• 21:04
  person. That's not what life's about.
• 21:07
  Life's about being a great person and contributing to the
• 21:11
  future. And yeah, storing my, my wealth
• 21:14
  and something hard. But I found that interesting
• 21:17
  too, because the number one thing you get from no coiners is
• 21:19
  I'm late. It's like, oh, and you're not
• 21:21
  late. You're insecure.
• 21:24
  It's a it's, it's an ego test. It's it Bitcoin doesn't take
• 21:30
  attendance. It doesn't even know who you
• 21:31
  are. So you're not late.
• 21:33
  You're insecure. So as soon as you can fix
• 21:35
  whatever's going on inside of you, you can own Bitcoin and
• 21:38
  Bitcoin will reward you for that.
• 21:40
  But I love the litmus test and the ego test.
• 21:42
  It was the first time I heard that.
• 21:43
  But yesterday when I was talking all these no coiners and
• 21:46
  everyone's like, oh, I'm late, I'm late.
• 21:48
  Well, probably put down the booze.
• 21:50
  You sound insecure. You don't sound late.
• 21:54
  Love it. Love it.
• 21:55
  OK, well, look, I've never heard it framed like that.
• 21:58
  Me and Nico constantly talk about on the show as well, like,
• 22:01
  you got to humble yourself to get to Bitcoin.
• 22:04
  We've seen the problem with a lot of the billionaires and
• 22:06
  celebrities out there, the incredibly smart people, the
• 22:09
  smart money out there, that it's hard for them to grasp Bitcoin
• 22:13
  because they can't humble themselves.
• 22:15
  And I think on the flip side, I really like this framing that
• 22:17
  Jack Mahler's is kind of, you know, talking about today is
• 22:20
  like people have to check their ego in so many ways.
• 22:24
  When you get to Bitcoin, first you got to humble yourself that
• 22:26
  maybe there's things you don't know about the world.
• 22:29
  Maybe there's a new technology coming out.
• 22:31
  But like you're never late to Bitcoin.
• 22:33
  In the 90s, were you late to the Internet because you adopted it
• 22:37
  after them? Did you not also benefit from
• 22:39
  using the Internet? This is where we are right now.
• 22:42
  Everyone has a problem on planet Earth.
• 22:44
  There's 8 billion people on planet Earth.
• 22:46
  We all have a similar problem and we can't save and Fiat
• 22:48
  money. This is the status quo.
• 22:50
  And so yes, maybe you missed the gains of, of the Ogs that bought
• 22:54
  it at what, $0.10 a dollar, 100 dollars, $1000.
• 22:58
  But as the saying goes, it's going up forever, Everything
• 23:02
  divided by 21 million. You are never late to Bitcoin.
• 23:05
  You're never late to protecting your purchasing power with
• 23:08
  Bitcoin. Yes, maybe you're going to miss
• 23:10
  the gains if you're only think of it as an investment.
• 23:13
  But when you think of it as hard money, as sound money, as
• 23:17
  something that's going to store your value for the long future,
• 23:20
  you're never late to Bitcoin. And again, you know, it's been a
• 23:23
  divisive, you know, 2024, the election cycles coming out,
• 23:27
  everyone's slinging mud at each other.
• 23:29
  But Bitcoin doesn't care about your politics, your religion,
• 23:33
  your creed. It's just a protocol.
• 23:35
  It's just sound money. It's just tik toking next
• 23:38
  blocking along the way to the future.
• 23:41
  And hey, it's here for you when you need Bitcoin.
• 23:43
  So once you're ready to humble yourself and you're ready to be
• 23:46
  like, am I ready for Bitcoin? What are the benefits of
• 23:50
  Bitcoin? It's going to be there for you.
• 23:51
  You're never going to be late to Bitcoin.
• 23:53
  Yes, maybe you're going to miss the what, like million percent
• 23:56
  gains if you bought Bitcoin at like 1 penny, but there's still
• 24:00
  gains to be had. You're still going to protect
• 24:01
  your person purchasing power. You're never late to Bitcoin.
• 24:04
  You're never late to protecting your value and storing it in
• 24:08
  something that cannot be debased.
• 24:10
  And This is why we need to constantly educate people.
• 24:12
  Hopefully people will humble themselves to the king.
• 24:16
  There's still a lot of education to be had out here, so hey, we
• 24:19
  still got a job here Nico. So what's your thoughts on this
• 24:22
  brother? Yeah, absolutely.
• 24:23
  So I think you made a really good point, right.
• 24:26
  And first of all, Bitcoin's a humility test without a shadow
• 24:29
  of a doubt. And one thing that I also got to
• 24:31
  add too is like, you know, OK, fine, you missed it from a penny
• 24:35
  to 70 K. But you know, Michael Saylor is
• 24:40
  expecting conservatively 29% annual compound growth for the
• 24:47
  next 21 years until the year 2045.
• 24:51
  So you know, you're talking about, and this is his base
• 24:55
  case, this isn't even his bowl case.
• 24:57
  You're talking about $13 million Bitcoin by the year 2045, right?
• 25:03
  Someone's saying in the chat, you know, 660%, right.
• 25:07
  But let's, let's, let's make it a little bit conservative. 29%,
• 25:12
  ladies and gentlemen, look, I, I ask you use a compound interest
• 25:16
  calculator and it will blow your mind what 29% annual compound
• 25:24
  growth could like what, what it can achieve for you and your
• 25:27
  financial future. And even when even when Sailor
• 25:31
  said, look, eventually this is going to kind of start to, you
• 25:35
  know, it's going to start to tail off.
• 25:36
  And you're not going to you're not going to see these like 50%
• 25:40
  or 100% annual compound annual, you know, interest or growth
• 25:44
  rate. Even when it gets to, you know,
• 25:47
  let's say 2045, it's still going to beat the S&P 500.
• 25:51
  I mean, this is just better money.
• 25:54
  So even if you missed the initial kind of adoption phase,
• 25:58
  which you still have the window of opportunity of joining that
• 26:01
  train right now, it like it's kind of like, oh, I miss
• 26:05
  Bitcoin. I'm salty about it because other
• 26:08
  people got in before me and because I'm salty about it
• 26:12
  because my name is Peter Schiff. I'm just not going to use better
• 26:15
  money at all. Like that makes no sense
• 26:18
  whatsoever. Of course you're going to want
• 26:19
  to use better money. Like if you have a choice
• 26:21
  between something that is designed to lose purchasing
• 26:25
  power over time and you have a choice between using that and
• 26:29
  Bitcoin, which is designed to gain in purchasing power over
• 26:32
  time. I wouldn't even, I wouldn't even
• 26:35
  say it's designed to gain in purchasing power over time, but
• 26:38
  it's designed to correctly reflect how the world should
• 26:43
  naturally function because of the productivity gains.
• 26:48
  That means the world should be naturally deflationary.
• 26:51
  Things should naturally get cheaper over time, like
• 26:54
  technology. Things should just get cheaper.
• 26:57
  But you're not seeing that because government intervention
• 27:01
  and manipulation of money. Bitcoin comes in and says you
• 27:04
  can't manipulate me, you can't change my monetary policy.
• 27:08
  So it properly reflects how pricing should work around the
• 27:13
  world. And This is why central banks
• 27:17
  and governments see this as an existential threat.
• 27:20
  They see Bitcoin, they're like, Oh my God, like we can't have
• 27:23
  this happen. Like the smoking gun to me was
• 27:26
  when the ECB wrote that report, you know, doing the, the class
• 27:30
  warfare bullshit. You know, that, that, that a lot
• 27:33
  of lot of these politicians used to divide and conquer, but
• 27:36
  basically saying like making the case that, oh, the gig is up,
• 27:39
  like we can't coexist if Bitcoin survives.
• 27:43
  You know, if Bitcoin like, and, and, and if you like, just
• 27:45
  think, think about that for a second.
• 27:47
  I'm going to pass it on to James with his final thought.
• 27:49
  Like, if you think about that for a second, like it's like we
• 27:53
  can't allow people to save and earn in money of which we can't
• 27:58
  steal from. If you boil it down to the very
• 28:02
  basics of what that paper is all about.
• 28:05
  And coincidentally, the Federal Reserve released a paper on the
• 28:09
  same day. Coincidence, right?
• 28:11
  Yeah. I mean, it tells you everything
• 28:13
  you need to know, man. These people are evil.
• 28:15
  These people, they really believe that they're entitled to
• 28:20
  your work, to your energy, to your money.
• 28:23
  They they feel entitled to being able to steal from you, which is
• 28:26
  insane, right? And Bitcoin is basically saying
• 28:29
  like, no, enough is enough. I'm going to take this into self
• 28:33
  custody. My purchasing power is
• 28:35
  protected. I'm going to be fine.
• 28:37
  Anyways, James, what's your take on all this man?
• 28:40
  Yeah, I mean, what what's interesting or eye opening to me
• 28:43
  from what Maj. is saying is that, you know, people are
• 28:46
  saying they're late to Bitcoin. These normies that he's hanging
• 28:48
  out with are late to Bitcoin and to me, obviously they they don't
• 28:53
  understand Bitcoin. They haven't studied it yet,
• 28:55
  which is fine. You know, I was in that position
• 28:57
  too where I thought I was late to things.
• 28:59
  I looked at Bitcoin as if it were a stock, right?
• 29:02
  And I was late to the tech stocks.
• 29:05
  I was late to Facebook, late to Apple, late to Amazon, late to
• 29:08
  Tesla and you know, it's it's easy to not buy once you're late
• 29:12
  to it, but they it's just they're looking at these as to
• 29:15
  me stocks. They don't understand what
• 29:16
  Bitcoin really is and it's that that's obviously very
• 29:22
  interesting. I don't obviously you're not
• 29:23
  late to it, right? You're not late to something
• 29:25
  that you could hold in self custody.
• 29:27
  This is the first time you can hold money in self custody on a
• 29:30
  titanium plate like this. To me, you're early still,
• 29:33
  right? Like this is a totally different
• 29:35
  concept from what these normies, as he says, which they are, are
• 29:40
  connecting Bitcoin too. It's not a stock, it's not a
• 29:43
  commodity, It's not anything else that they were probably
• 29:45
  also late to in the past. This is a totally different
• 29:48
  thing. So it's just a matter of
• 29:50
  studying Bitcoin for the masses, right?
• 29:52
  And that's something that we're seeing happening more.
• 29:55
  I really think that HBO documentary is something that,
• 29:58
  you know, we all don't agree with it, but there were some
• 30:00
  good concepts in there that is helping people understand what
• 30:03
  Bitcoin really is, how it's different from stocks, how it's
• 30:06
  different from other cryptos. And I think that's very
• 30:09
  important. You know, and a lot of people,
• 30:11
  right, you're late to Bitcoin. So what am I early to?
• 30:13
  I'm early to the next Bitcoin that's a penny or $0.10 per coin
• 30:17
  because, you know, unit bias is a thing and people want to have
• 30:20
  a full coin. So why don't we get 1000 of
• 30:23
  these, you know, bullshit crypto coins when, you know, instead of
• 30:26
  getting Bitcoin where I'd only get a percentage of.
• 30:29
  So I think that there's also like ego there, as he touched
• 30:32
  upon with the whole unit bias and people want a full amount of
• 30:35
  something. They don't realize what SAT's
• 30:38
  are. You know, I'm sure that's the
• 30:40
  case for probably 90% of normies, if not more.
• 30:43
  They don't understand that SAT's sort of thing that you can buy
• 30:45
  portions of Bitcoin and then SAT's for dollars like what
• 30:48
  probably like 1300 right now or something like that.
• 30:51
  I, I look at it like that SAT's per dollar anytime it's over one
• 30:55
  SAT per dollar, I feel like you're getting a deal just
• 30:57
  because you know, I do have a little bit of you to buy still.
• 30:59
  If I can get 1300 SAT's per dollar, I'll take that any day
• 31:02
  of the week. So we are very early obviously.
• 31:05
  And I just think that there is too much of A connection to you
• 31:10
  know, the Fiat state or stocks when it comes to saying they're
• 31:12
  late to something. Obviously everyone feels like,
• 31:15
  you know, they, they missed the boat on these tech stocks early
• 31:18
  on. Now they feel like they missed
• 31:19
  the boat on on Bitcoin and that's just, yeah, that's just
• 31:23
  not the case. And then as far as yeah, I mean,
• 31:29
  you're not late, right? That's just you're elite.
• 31:31
  Buy Bitcoin, hold it in self custody before it is too late to
• 31:36
  do that. Absolutely, absolutely.
• 31:38
  Niko James, you actually said something that I found very
• 31:41
  interesting because I experienced that when I got into
• 31:44
  Bitcoin. Obviously you kind of feel late
• 31:46
  because you're looking at other people, you're comparing
• 31:49
  yourself to other people and you're like, man, I wish I
• 31:51
  bought Bitcoin at $100, but I got in at 10/20/30 K Bitcoin.
• 31:55
  Like I missed the boat. But I'm reminded of my initial
• 31:58
  Bitcoin journey. And when I look at my own
• 32:01
  personal journey, I did hear that you're late to Bitcoin, but
• 32:04
  it usually comes from alt coiners and shit coiners that
• 32:07
  are trying to sell you an altcoin and be like, oh, you're
• 32:10
  late to Bitcoin, but you're early to this coin.
• 32:12
  Without ever getting into the details that like it's most
• 32:15
  likely a corporation and most likely the founders of that
• 32:18
  altcoin, you know, bought or or you know, pre mined the majority
• 32:22
  of the coin and they're dumping on you.
• 32:24
  And so there is a lot of snake oil salesman out there trying to
• 32:27
  tell you that Bitcoin that you are late to Bitcoin.
• 32:30
  But in reality, again, you just boil it down to memes,
• 32:33
  everything divided by 21 million.
• 32:35
  You're never late to Bitcoin. You're never late to storing
• 32:37
  your value. Just keep stacking Bitcoin, stay
• 32:40
  calm, stay humble and stack SAT's.
• 32:43
  This is the way. This is a tried intrude playbook
• 32:46
  for succeeding in Bitcoin is just buying Bitcoin, taking in
• 32:49
  the cold storage and continuing to buy Bitcoin.
• 32:52
  And this is how you win at this sound money game.
• 32:55
  It's a game of accumulation. Yeah, and don't listen to the
• 32:57
  noise, right? Like those same people they're,
• 32:59
  you know, they're saying they were late to Bitcoin.
• 33:00
  Well, they didn't held it, right.
• 33:02
  Are they going to hold it when they bought that 10 cents?
• 33:04
  100% not. They would have sold that shit
• 33:05
  for the next thing that they thought they were going to be
• 33:07
  late to. Because it's a matter of
• 33:08
  understanding, right? You have to study Bitcoin to
• 33:10
  understand and what it is. Then you'd realize how where you
• 33:13
  are because there's nothing else like it.
• 33:15
  You know you're late when there's there's no more block
• 33:18
  rewards. Vote for Bitcoin.
• 33:20
  You know when the last haven't hits.
• 33:21
  That's that's maybe when you're late.
• 33:22
  So you have plenty of time. Let's go.
• 33:25
  Totally agree. Is it time to hit the news Opti?
• 33:28
  It is time to hit the news, but before we move on, there is 1500
• 33:31
  of you guys watching live. Make sure you smash the like
• 33:34
  button comment down below whether you know we're smoking
• 33:37
  the opium or whether you know the Bitcoin price is going to go
• 33:40
  nuclear in 2025 and of course, subscribe boys and girls, help
• 33:43
  us push the green signal or the sorry the orange signal forward.
• 33:48
  We are orange Maxis here. We are bitcoiners.
• 33:51
  All right, let's get into the news.
• 33:56
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  Nikka, can we confirm that we can place snake on it because it
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  does remind us of a no key if we can.
• 36:05
  I can confirm that I think you. We can't confirm honestly, guys,
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  It is almost Christmas time. You might want to buy a bunch of
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  these for your family so that they ensure that they are
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  securing their Bitcoin for the long term.
• 36:21
  All right guys, let's get into today's news story.
• 36:23
  So we covered this a while ago and this is not the news story,
• 36:25
  but we got to lay the context here.
• 36:28
  So remember, you know, halfway through summer, a couple of
• 36:31
  months ago, everyone was freaking out about the fact that
• 36:34
  the German government is sold. Well, it wasn't, it wasn't
• 36:37
  actually the whole German government, but a province or a
• 36:39
  state, I forget what you call it.
• 36:40
  Germany, they said and sold, you know, hundreds of millions of
• 36:45
  dollars of the Bitcoin. They emptied their treasury.
• 36:47
  They sold it all. And then, you know, lo and
• 36:50
  behold, a couple of months later, the Bitcoin price just
• 36:52
  starts pumping. And we joked on the show that
• 36:55
  this is the real separation of money and state.
• 36:57
  When a government and nation states out there start to sell
• 37:01
  the Bitcoin that they confiscated from their citizens,
• 37:05
  well, we got an interest seeing another interesting news story
• 37:08
  coming out of Germany, which is more on, you know, the private
• 37:12
  business level. So German telecom giant Deutsche
• 37:15
  Telekom pioneers Bitcoin mining project using green energy.
• 37:19
  You heard that correctly. One of the biggest
• 37:22
  telecommunications company in Germany is going to start a
• 37:26
  Bitcoin mining project using green energy.
• 37:29
  Of course, I'm over here on Yahoo Finance and we got
• 37:32
  Deutsche Telekom's tech arm MMS has partnered with Bank US
• 37:36
  Metzler, a traditional banking company to introduce a novel
• 37:40
  Bitcoin mining project using excess renewable energy in
• 37:44
  Germany. The pioneering pilot represents
• 37:46
  a major step towards the future of sustainable cryptocurrency
• 37:49
  mining. And this is the initiative from
• 37:51
  the parent company of T-Mobile following the successful
• 37:54
  implementation of similar energy regulation mining operations
• 37:58
  that were realized in the US and Finland.
• 38:00
  This pilot in Germany will validate the effectiveness of
• 38:03
  using Bitcoin mining as a dynamic power regulation tool
• 38:07
  within Europe's largest economy, which is very interesting
• 38:10
  considering that a lot of the stuff we're seeing coming out of
• 38:12
  Germany, not only Germany, sorry, Europe is them fighting
• 38:16
  Bitcoin mining, them saying, you know, we're going to boil the
• 38:18
  oceans and we're using all the energy of, you know, said little
• 38:22
  country. Wait, what?
• 38:23
  Which one was it? Nico unplugged Denmark.
• 38:25
  We've never been covering this for a while.
• 38:27
  They've been saying, oh, Bitcoin's using way too much
• 38:29
  energy. You know, it's using more energy
• 38:31
  than Denmark. And of course, as a Bitcoiner,
• 38:33
  we're like, hey, look, I love the people in Denmark, but I
• 38:36
  think Bitcoin has more use than any small country.
• 38:39
  This is a global monetary network.
• 38:42
  This is bigger than anyone country.
• 38:43
  I know we're talking about the elections, but Bitcoin is bigger
• 38:46
  than just the US. It's bigger than just Germany.
• 38:49
  It's bigger than every country in the world combined.
• 38:52
  And This is why it's so important to continue to
• 38:55
  facilitate an orange pail the masses and show that Bitcoin
• 38:59
  mining does improve the the electrical grid.
• 39:03
  We've seen this happen in Texas. We saw what's happened in Texas
• 39:06
  this year, last year. These models have been proven in
• 39:10
  real time that if you plug in Bitcoin mining operations, not
• 39:15
  only is going to sustain the grid, make it more flexible, but
• 39:21
  it's also going to potentially make your electricity bills
• 39:25
  cheaper. We saw this happen in Norway,
• 39:27
  and yet European countries still seem to fight this.
• 39:30
  And it's very interesting. In Germany particular, they've
• 39:33
  been having a lot of energy problems and they've been
• 39:35
  shutting down their, you know, big energy plant.
• 39:38
  And now it seems like an independent company has taken
• 39:41
  the leap and they're going to do a Bitcoin mining project and
• 39:45
  hopefully, you know, continue to prove to the world that, hey, if
• 39:49
  you start start a mining operation, not only is it going
• 39:52
  to put more money in your pocket, but it's going to be
• 39:55
  better for everyone out here. And of course, you know, secure
• 39:58
  the Bitcoin network, cashing some more coin, decentralize the
• 40:02
  Bitcoin mining operation. So let's read one more little
• 40:04
  thing here, another quote. And it goes with the growing
• 40:07
  number of renewable energy sources and the resulting
• 40:09
  fluctuations in available energy, the need for quickly
• 40:12
  available regulating power increases.
• 40:14
  For this we need mechanisms that can respond quickly to changes
• 40:18
  and absorb fluctuate. Durations and Bitcoin miners
• 40:21
  could play a crucial role in balancing the energy grid in the
• 40:24
  future due to the flexible load. So the signal spreading.
• 40:27
  We've seen this play out in Texas.
• 40:29
  Now we're seeing it play out in Europe.
• 40:31
  It's only a matter of time until everyone starts to catch on to
• 40:34
  this idea that, hey, you just plug in some Bitcoin mining
• 40:38
  operations. Not only is it going to be
• 40:39
  profitable, but it's good for the electrical grid.
• 40:42
  And look, I tried to verify this this morning, but a bunch of
• 40:46
  rumors are going out. Obviously, we don't know exactly
• 40:48
  what's going on with the hash rate currently.
• 40:50
  We can make some estimates of where the hash rate is going,
• 40:53
  but shout out to Matthew J in the chat.
• 40:54
  He's been saying this all year at the top of his lungs that
• 40:57
  we're going to hit one Zeta hash, which is 100.
• 41:01
  What's that? 100 XA hat, No 1000 XA hashes.
• 41:05
  And so I came over to BIPO charts.
• 41:07
  I tried to verify this from what the estimates I can see.
• 41:10
  And I and I connected this and I, you know, I backed this up
• 41:13
  with a couple of different ones. Estimates I'm seeing right now
• 41:16
  is 756 EXA hashes roughly. But some people are predicting
• 41:21
  and rumoring on Twitter that we are finally getting to 1000 EXA
• 41:25
  hashes, which of course is one Zeta hash.
• 41:28
  And as the meme goes, what's it Nico, price follows hash or is
• 41:34
  it hash that follows price? We don't really know, but it it
• 41:37
  goes to show that Bitcoin mining and the hash rate, it's going
• 41:41
  absolutely parabolic. You cannot put the cap back in
• 41:44
  the bag. Bitcoin is taking off everywhere
• 41:47
  yes, Bitcoin mining is kind of one of those topics that like
• 41:50
  really bores people. They only really care about the
• 41:52
  price movement, but I think this is a huge development going on,
• 41:55
  especially when it comes out of Europe.
• 41:57
  Europe's been fighting energy production for like all of this
• 42:01
  year for years at this point and now we have at least a Bitcoin
• 42:05
  mining operation, at least a new project in the belly of the
• 42:08
  beast. Just going to continue to prove
• 42:09
  that, hey, Bitcoin mining improves planet Earth.
• 42:13
  It is not here wasting energy. It is not, you know, taking
• 42:17
  energy from other people that need it.
• 42:19
  Bitcoin is sucking up energy that would potentially be
• 42:22
  sitting there dormant, not being used.
• 42:25
  And hey, Bitcoin is capitalism. I think Bitcoin mining is the
• 42:28
  truest form of capitalism. And hey, these these projects
• 42:32
  are happening in real time. I think they're only going to
• 42:34
  increase. So Nico, as the resident X miner
• 42:37
  here, what is your thoughts on, you know, Germany's, one of
• 42:41
  Germany's biggest telecommunications operations
• 42:44
  companies out there starting a Bitcoin mining operation?
• 42:48
  Yeah, I mean, look, it it, it doesn't surprise me whatsoever.
• 42:52
  I think this is a trend that you're starting to see all
• 42:55
  around the world. Japan's largest energy company
• 42:58
  called TEPCO also announced that they're going to use excess
• 43:03
  energy to mine Bitcoin. Also, you're starting to hear
• 43:06
  very similar stories coming out of the Middle East as well where
• 43:11
  you have nation States and governments.
• 43:12
  Russia just made Bitcoin mining legal.
• 43:16
  Again, you have the news coming out of the Kingdom of Bhutan
• 43:20
  that is partnering up with publicly traded companies
• 43:23
  specifically bit dear to expand their to use their excess
• 43:27
  hydroelectric capabilities to mine Bitcoin.
• 43:31
  Of course you have Paraguay. Of course you have Bitcoin
• 43:34
  country El Salvador that is mining Bitcoin as well using the
• 43:38
  geothermal energy coming out of their volcanoes.
• 43:41
  So yeah, this is a trend that you're seeing worldwide.
• 43:44
  This is a trend that you're that I suspect is going to continue
• 43:48
  because remember guys like Bitcoin uses stranded energy.
• 43:52
  And if you are not going to use that energy, that energy would
• 43:57
  as much as the New York Times would like, like would like you
• 44:00
  to believe otherwise this energy would is going away.
• 44:05
  So no one's using this like if you're, you know, extracting
• 44:10
  natural gas and you're in the middle of nowhere or, or
• 44:13
  potentially you're, you're, you know, you're, you're extracting
• 44:16
  oil and one of the, you know, one of the things that you're
• 44:19
  going to get from extracting oil is potentially gas coming out as
• 44:22
  well. You know what they do with that
• 44:23
  gas? They literally set it on fire.
• 44:25
  They set that methane on fire. Why not turn that into Bitcoin?
• 44:29
  Why not turn that excess energy into Bitcoin?
• 44:32
  You have these massive dams that were built.
• 44:34
  That's why so much of the, the, the, the hash rate was
• 44:38
  centralized in China. You have these massive dans that
• 44:41
  were built out in, you know, in, in very rural areas in China
• 44:45
  that were very far away from city population centers.
• 44:48
  So you had this tremendous amount of hydroelectric power
• 44:54
  that no one was buying, right? That's where Bitcoin miners
• 44:57
  could they can go anywhere. They're very nimble.
• 45:00
  As long as you have a, you know, a somewhat, it doesn't even
• 45:05
  even, it doesn't even need to be stable.
• 45:07
  It doesn't even need to be a fast Internet connection.
• 45:09
  As long as you have some type of Internet connection and you have
• 45:13
  a power source to plug in those miners, you could set up these
• 45:16
  miners anywhere, right? And that completely changes the
• 45:19
  energy game. So does this surprise me
• 45:22
  whatsoever? No, this is a continuation of
• 45:24
  the trend and this is going to continue to accelerate and
• 45:28
  Bitcoin is fundamentally going to change the energy landscape
• 45:32
  worldwide. James, what are your Yeah, well
• 45:37
  said, man. And for me, Bitcoin mining is
• 45:40
  probably what made me the most bullish on Bitcoin.
• 45:42
  It was kind of like the cherry on top for even once I finally
• 45:45
  understood how we could take that stranded energy from around
• 45:48
  the world and turn it into something.
• 45:50
  There's obviously, you know, there's waterfalls in remote
• 45:53
  parts of the world, springs, dams, as you mentioned, just the
• 45:58
  amount of stranded energy that's out there could be put to use
• 46:01
  and could be put that be put into place to mine Bitcoin for
• 46:04
  more, you know, cleaner energy. And I, I think like with a lot
• 46:09
  of, you know, a lot of people think Bitcoin's bad for the, you
• 46:12
  know, environment because of all the energy it uses.
• 46:15
  And I think that that's like similar to how people say they
• 46:18
  relate to Bitcoin. That might be another thing
• 46:20
  that's on the top of normally's minds when you bring up Bitcoin
• 46:23
  and it's it's really not the case.
• 46:25
  And when you really start to understand what mining does and
• 46:29
  how it just makes everything greener and cleaner and how
• 46:32
  you're using stuff that just getting put to waste anyway, it
• 46:35
  puts things in perspective. It's like nothing is going to
• 46:37
  stop that train. And I think that the same people
• 46:40
  who, you know, the same mouthpieces that are out there
• 46:43
  telling people that Bitcoins bad from the environment that uses
• 46:45
  too much energy. It's the incentives for mining
• 46:49
  Bitcoin for this transgenity are too strong where those
• 46:50
  mouthpieces are going to flip against what they're saying.
• 46:53
  And you know, it it it's the incentive is too strong on the
• 46:56
  other side, right? They're going to flip what
• 46:58
  they're saying. And then these same norm is
• 46:59
  going to be, you know, reversing what they say.
• 47:01
  And Bitcoin's not, it doesn't use too much energy and it's not
• 47:04
  bad for the environment. So I think it's a very powerful
• 47:08
  narrative that needs to get flipped.
• 47:10
  And I just don't see like that flipping is inevitable to me,
• 47:14
  the, the incentives to mining Bitcoin, like I, I don't like,
• 47:17
  I'm not as like super advanced with understanding it, but I
• 47:21
  understand enough to just know that there's no reason to not
• 47:24
  mine Bitcoin and to utilize stranded energy natural, you
• 47:29
  know, like waterfalls around the world to, to, to mine it and to
• 47:34
  save that energy and a battery and redisperse it throughout the
• 47:36
  grid. It just, it doesn't make sense
• 47:38
  not to. And like some like entity like
• 47:40
  Greenpeace or any of these organizations that are out
• 47:44
  there, if they're worth any of their salt, they would, they
• 47:46
  would understand that and embrace it.
• 47:48
  And I think it's just a matter of time for them to do so their
• 47:51
  handlers or whoever has to tell them it's OK.
• 47:54
  And I just think that's inevitable.
• 47:55
  So to me, it may be the most bullish on Bitcoin that that I
• 47:59
  was prior to understanding what mining was.
• 48:01
  So study mining, study Bitcoin and I, I think it's great that
• 48:06
  governments are starting to mine Bitcoin themselves.
• 48:08
  Obviously you could mine Bitcoin yourself too, become a solo
• 48:11
  miner, learn a little bit about it and help protect the network.
• 48:15
  It's kind of crazy that if you know the network goes down and
• 48:17
  all you have is a bit AX or solo Satoshi like I got running here,
• 48:21
  you can keep everything running still.
• 48:22
  So it's pretty powerful stuff. Yeah, 100%.
• 48:25
  I love the bid axe. I love that project and you know
• 48:29
  it, it also like represents the bid axe to like imagine if a
• 48:33
  million people or like 5 million people were each running a bid
• 48:37
  axe at home. Like cumulatively that adds to,
• 48:40
  you know, some it's it's a decent amount of hash rate and
• 48:44
  like good luck trying to shut that down.
• 48:46
  Like good luck. How are you going to find that?
• 48:48
  Like, you know, it's like good luck, right?
• 48:50
  And this is, I think, and you're going to see this, this trend.
• 48:54
  Bob Burnett, dear friend and also the CEO and founder of
• 48:59
  Barefoot mining. You know, he made this
• 49:01
  presentation called basically laying out the different types
• 49:05
  of mining operations. So once he calls the elephants
• 49:08
  and these are these large mining facilities run by the public
• 49:11
  miners and then the horses, which are these like off grid,
• 49:17
  but pretty decently sized Bitcoin mines.
• 49:20
  And then the rabbits, right? So the rabbits are like, you
• 49:23
  know, they're very nimble because it's a small mining
• 49:25
  operation. I was making a joke that the bid
• 49:28
  axe is like, it's like a, it's like a lizard, like it's like a
• 49:32
  fly. There's like a mosquito, like a.
• 49:34
  Fly Mosquito. You can't make this.
• 49:36
  No way. Good luck finding that.
• 49:38
  So yeah, I'm just, I'm very bullish, you know, and, and
• 49:41
  again, I, I think people are sleeping on how much Bitcoin is
• 49:45
  going to transform the energy energy industry because it
• 49:50
  changes everything. Like now there is an energy
• 49:53
  buyer of last resort. Like holy cow, that is a big
• 49:58
  effing deal anyways guys. Totally, totally.
• 50:01
  Hey Nico, one more one last thing because our our reigning
• 50:04
  has hash rate expert. He's been on the beat all year.
• 50:07
  So just clarifying one thing, Matthew J in the chat, he goes,
• 50:11
  we hit 945 EXA hashes on October 21st.
• 50:14
  So today it seems like we hit, you know, one Zeta hash or 1000
• 50:19
  EXA hashes. But the weekly or monthly moving
• 50:21
  averages of hash rate are around the 700 EXA hash ranges.
• 50:25
  So it looks like Matthew's prediction of one Zeta hash in
• 50:28
  2024 has come true. Now the the moving average will
• 50:32
  have to move up going into 2025. But yeah, incredible, incredible
• 50:37
  stuff. It's almost like you can't kill
• 50:39
  this Bitcoin thing. It's almost like it's taking
• 50:41
  over the world. It's almost like Citadel
• 50:43
  technology is about to be proliferated and we're going to
• 50:46
  have Bitcoin mining operations in places where energy cannot
• 50:49
  get to. We can't get to the energy.
• 50:51
  It's going to be incredible. It really is insane what Bitcoin
• 50:54
  mining can proliferate on planet Earth.
• 50:56
  Anyways, let's get into the culture and let's talk with
• 51:00
  James about the stamp seed. Let's do it.
• 51:14
  Let's go boys and girls. Of course, make sure you go to
• 51:17
  orangepoolapp.com stack friends who stack sats As you can tell,
• 51:21
  Bitcoin is taking over the world and if you are the sole lone
• 51:25
  crazy bitcoiner in your community, you need to take
• 51:29
  these relationships you've built from the interwebs on to meat
• 51:33
  space because hey things things have gotten crazy in the last
• 51:37
  couple of years and you want to be around like minded
• 51:39
  individuals. So get on the orange pelap stack
• 51:42
  friends who stack sats, maybe creating a then if you if you
• 51:45
  don't find other people in your area, maybe there's more people
• 51:48
  that are kind of in a similar boat.
• 51:50
  Create an event, go to events, go to meetups.
• 51:52
  Make sure you are meeting with Bitcoiners in meat space.
• 51:56
  This is how we ensure that the Bitcoin social layer continues
• 52:00
  to proliferate. All right, Nico, since you know,
• 52:03
  I'm in the driver's seat, you're in the coho seat today, you're
• 52:07
  handling the culture. What's up bro?
• 52:10
  Yeah. So guys, you guys know the deal.
• 52:12
  We're very, very on who we decide to partner with, like our
• 52:18
  partners have to align with the simply Bitcoin ethos and guys
• 52:23
  like ultimately it comes down to this.
• 52:26
  Bitcoin is pretty simple. You buy Bitcoin, you earn
• 52:29
  Bitcoin, you mine Bitcoin, and you put that Bitcoin into self
• 52:33
  custody. Thing is with self custody, self
• 52:36
  custody comes with a tremendous amount of responsibility.
• 52:40
  That responsibility you've been used to outsourcing to a third
• 52:44
  party, right? When if you outsource something
• 52:46
  to a third party, you open yourself to an attack vector,
• 52:49
  they can rug pull you. So when you take self custody,
• 52:53
  one of the things that you got to do is you got to write down
• 52:55
  your seed words. Problem is that that little
• 52:59
  piece of paper that you know, you usually get with the
• 53:02
  hardware wallet it you know, right, it's, it sucks like I
• 53:12
  don't know what else to tell you.
• 53:13
  Like Can you imagine having like theoretically, right you buy,
• 53:18
  you know, $30,000 worth of Bitcoin today and then 20 years
• 53:23
  from now it's worth millions of dollars and your backup is a
• 53:27
  paper. That's not the way to do it,
• 53:29
  which is why we recommend our sponsor Stamp seed.
• 53:33
  Now, the reason that stamp seed is different compared to the
• 53:36
  other guys is the type of metal they use.
• 53:39
  They use freaking titanium, all right?
• 53:42
  They use titanium to build fucking spaceships, OK?
• 53:46
  This is how you get your generational wealth over the
• 53:51
  finish line. And for today's special, for
• 53:55
  today's culture, we have a special promo code for you guys.
• 53:58
  Normally it's a 15% discount, but just today and when James
• 54:03
  comes on the show, it's a 21% discount.
• 54:06
  If you use promo code simply to get yourself a stamp seed,
• 54:11
  titanium seed for a storage kit. Today they've blowtorched this
• 54:15
  thing. They put in a pit of fire, They
• 54:17
  put in a pit of salt water. James literally took a 2 by 4
• 54:22
  truck and ran it over 50 million times and this thing survived.
• 54:27
  This thing has been stress tested.
• 54:29
  Like when is that ever going to happen?
• 54:31
  When is your seed phrase ever going to be blowtorched and then
• 54:35
  dumped in water and then ran over by a semi truck?
• 54:38
  That's not going to happen. And it survived regardless.
• 54:41
  So anyways, we're very, very happy to have James on today to
• 54:45
  talk about his awesome, awesome product, the Stamp Seed, which
• 54:49
  we have up for you guys right now.
• 54:50
  Here's the website, head over to stampse-ed.com.
• 54:53
  So James, I mean, what made you come up with this idea of, of
• 54:57
  seed phrase storage, right? And also you don't usually see
• 55:02
  titanium a lot, right? Usually you see like other types
• 55:06
  of metals, but you don't see titanium.
• 55:09
  And I'm not really like a metal nerd, like a metal junkie.
• 55:12
  I don't really know my metals very well.
• 55:14
  What is the big difference between something like titanium
• 55:18
  and something like steel? Yeah.
• 55:22
  So to kick that off, difference between titanium and steel,
• 55:25
  steel still a good medium to stamp your seed phrase into.
• 55:28
  The downsides of steel though, to me, or it's a little bit
• 55:30
  harder to stamp deeply into. Obviously you want to get your
• 55:33
  letters into the the metal as deep as possible.
• 55:36
  If just kind of scratched on the surface, it almost looks like
• 55:39
  it's engraved in there like chicken scratch.
• 55:41
  If it gets scratched against concrete wall or there's
• 55:45
  destruction on a home or wherever it's stored, that could
• 55:48
  be risky. So the deeper you're stamping
• 55:50
  your seat in, the better obviously.
• 55:52
  And then another benefit of titanium is that it's completely
• 55:55
  rust proof. Like this thing is never going
• 55:57
  to catch rust. It's not even going to show a
• 55:58
  hint of rust on it. So if you have it stored in a
• 56:01
  basement or a damp environment or you want to bury it in the
• 56:04
  ground raw outside, like just dig a hole and put this right in
• 56:07
  there. It's never going to rust on you.
• 56:10
  You're not you're not going to have to deal with corrosion or
• 56:11
  anything like that. With steel, you will.
• 56:13
  So a little bit easier to stand deeply into and rust proof.
• 56:18
  So for long term generational wealth, titanium for me is the
• 56:20
  best medium that you have out there.
• 56:23
  And then as far as how we kind of came up with this concept,
• 56:27
  it's pretty interesting. So I work for a company that
• 56:31
  sells all these metal stamps, these hammers, everything that
• 56:34
  you see here like this, right? And we noticed people buying
• 56:38
  these things on Amazon, not the stamp seed ones, ones that were
• 56:40
  a little bit more craft and hobby like that weren't really
• 56:44
  meant to stamp into hard materials.
• 56:46
  So working the search term reports on some digital ads, I
• 56:50
  started seeing things pop up that were connected to sales,
• 56:54
  right? Like people are buying these
• 56:55
  products and their searches are things like Bitcoin hammer,
• 56:59
  Bitcoin metal plate letter stamps for Bitcoin C And at the
• 57:04
  time I was kind of getting more into my Bitcoin phase.
• 57:07
  I was still in a little bit of a shit coin mindset.
• 57:09
  I didn't really understand what any of that stuff was.
• 57:12
  I knew what Bitcoin was, but I didn't understand what the C
• 57:14
  plate was. So I was in research mode from
• 57:16
  there. One, because I was kind of
• 57:17
  curious because I'm into Bitcoin 2, because this thing is
• 57:21
  converting, it's getting U.S. sales and you know how to be
• 57:23
  optimized and lean into this. Is there anything you know, I
• 57:26
  need to learn to make sure this listing makes sense, to make
• 57:28
  sure the product line makes sense and everything to that
• 57:32
  effect? So what that eventually turned
• 57:34
  into was me going down the Bitcoin rabbit hole literally,
• 57:37
  which is pretty, pretty crazy. You know, I have to understand
• 57:40
  what seed words were, OK? You know, they get generated
• 57:44
  from a private key, and the private key gets generated from
• 57:46
  the hardware ball. So I have to kind of backtrack
• 57:49
  like this is like, snap your seeds.
• 57:50
  Here's the last thing you do. I kind of had to like, start
• 57:53
  there and go work backwards and understand, like why people were
• 57:55
  doing it and what the incentive was Initially.
• 57:57
  I was like, all right, how do you put your money in metal?
• 57:59
  Like that's actually the Bitcoin?
• 58:01
  That's pretty intriguing. But, you know, you start to step
• 58:03
  back and slowly learn exactly what it was.
• 58:06
  And, you know, doing all that fueled me to, you know, put
• 58:10
  something together that makes sense for people who are buying
• 58:13
  the products already to build something for them that's meant
• 58:18
  for stamping their Bitcoin. A harder metal, a heavier
• 58:20
  hammer, you know, better stamps the stamping jig that is, you
• 58:25
  know, this is going to be holding your plate in place,
• 58:28
  making sure it's not bouncing around when you're stamping,
• 58:30
  things bounce and they go kind of crazy.
• 58:31
  So this keeps everything intact because obviously, you know, the
• 58:34
  people that were buying our product before stamps, he was a
• 58:37
  company. They knew what to do.
• 58:38
  They knew what metal stamps or the new hammers were and
• 58:40
  everything like that. So it wasn't really a concern
• 58:43
  with Bitcoiners. This is probably the first time
• 58:44
  they're ever doing something like this.
• 58:45
  So it has to be as foolproof as possible.
• 58:47
  So the entire kit makes it a very easy process for you and
• 58:52
  yeah, I mean, it's it's been a fun journey.
• 58:54
  We're developing a lot of great products along the line.
• 58:57
  We want to make sure we have everything for the beginner
• 58:59
  bitcoiner to the advanced bitcoiner.
• 59:01
  I see a lot of people in the chat asking for some new
• 59:04
  products that are going to be coming out soon.
• 59:06
  They're coming the 12 word play, the covers for these, you know,
• 59:10
  lowercase special characters. We're going to have everything
• 59:12
  that you to, you know, stamp your seed words in there deeply
• 59:15
  and benefit of like our kit, like we were talking about
• 59:19
  before, titanium versus steel. Steel still OK.
• 59:22
  I like titanium better. It's cooler.
• 59:24
  They use it to build spaceships for aerospace and everyone Ross,
• 59:27
  it's easier to stamp deep into. So those are all pros there.
• 59:30
  Another good benefit of the kit is that with a lot of the other
• 59:33
  solutions out there, like if you were to buy like one of those
• 59:35
  cassettes, right, that holds little letter tiles in place,
• 59:39
  which whatever, they're fine. I guess they're better than
• 59:41
  paper. You have to buy like a new one
• 59:43
  every time you need to stamp the seat work.
• 59:45
  So if you have some sort of multi 6 set up with a three of
• 59:48
  five, let's say you would need five of those units with our
• 59:51
  kit, you buy the kit once and you get as many of these
• 59:53
  titanium plates as you need. And you know you do your whole
• 59:56
  multi 6 set up or you know, you have a second wallet that you're
• 1:00:00
  not keeping all your eggs in one basket.
• 1:00:01
  So you always have your kit. You just get your plates kind of
• 1:00:03
  as you need them. So that's another.
• 1:00:06
  Nice bonus of ours and lastly, you know my biggest thing is you
• 1:00:09
  know you you put your words in this metal that's like super
• 1:00:12
  simple super low tech compared to like everything else that's
• 1:00:16
  going on in Bitcoin. We're talking about mining
• 1:00:17
  before like it seems very simple, but like that's fine.
• 1:00:20
  This should be simple right. You don't want something with a
• 1:00:23
  million little Parson pieces that are comprised of your seed
• 1:00:26
  words. Why?
• 1:00:27
  Because if the the more pieces, the more points of failure.
• 1:00:32
  If this thing were to bend, letters aren't falling out.
• 1:00:34
  If this thing were to go under heat and expand, letters aren't
• 1:00:37
  falling out. The letters become one with the
• 1:00:39
  metal. They're in there.
• 1:00:41
  It's pretty much as close. You can get some writing on
• 1:00:43
  paper, but with metal, like you write on the paper, you don't
• 1:00:46
  put little pieces of paper glued onto the paper.
• 1:00:49
  You write on the paper. So you stamp into the metal.
• 1:00:51
  So why would you take the shortcut and take those little
• 1:00:54
  tiles and put them in? That's, that's not proof of
• 1:00:56
  work, that's taking a shortcut because you might think it's
• 1:00:59
  easier. What are we doing, right?
• 1:01:00
  We're backing up generational wealth.
• 1:01:02
  So, you know, these things should take time.
• 1:01:05
  You want premium tools that are meant to do the job that are
• 1:01:08
  high quality because you're backing up something that is,
• 1:01:11
  you know, you're holding for life, most likely.
• 1:01:13
  And you know, like envy, I think it'd be K's rules.
• 1:01:17
  Like, you know, you 10X whatever amount of Bitcoin you have 10X
• 1:01:20
  that price, right? So if you have $10,000 in
• 1:01:22
  Bitcoin, look at that as if you have $100,000 in Bitcoin, the
• 1:01:25
  price goes up. You need to make sure that
• 1:01:27
  you're protected and safe. You don't want to have this
• 1:01:29
  stuff obviously on the exchange, but you also don't want to have
• 1:01:31
  it stored on paper. You want to have it on something
• 1:01:34
  a little more premium meant to be held for life.
• 1:01:37
  Pass it down to future generations.
• 1:01:39
  Let your grandkids know. How much are you legend you were
• 1:01:41
  for holding Bitcoin throughout the early twenty 20s and yeah,
• 1:01:47
  what else that's I mean and we you know, like you were talking
• 1:01:52
  about tests before we're always testing these things like I I
• 1:01:54
  firmly believe like nothing is going to really break this.
• 1:01:58
  I don't want to say nothing, but most scenarios like you're going
• 1:02:00
  to be safe with something like this like a sample where you can
• 1:02:02
  bury it. It'll last to triple the average
• 1:02:04
  house fire. It's easy to hide small form
• 1:02:07
  factor and and the whole 9 there.
• 1:02:09
  So yeah, I mean. So a couple couple things I want
• 1:02:15
  to chime in here. So usually guys, when you get
• 1:02:19
  yourself the kit right, so just because may perhaps it's a
• 1:02:23
  little bit difficult to visualize.
• 1:02:24
  So so here's the plate, right, that you guys get super, super
• 1:02:29
  nice. By the way, here is the plate
• 1:02:31
  that has been stress tested. So like, they literally put this
• 1:02:34
  in a stamping machine. They set it on fire and you
• 1:02:38
  could still read the words right?
• 1:02:41
  Like this is never realistically like, like maybe your building
• 1:02:45
  falls down and, oh, it says Miami there, That's cool.
• 1:02:50
  But yeah, so this is the plate that it comes with.
• 1:02:52
  And then it comes with this like anvil thing.
• 1:02:56
  And then what you do is you put the plate in the anvil thing and
• 1:03:00
  it has these little notches here.
• 1:03:02
  And it's very, very convenient, right?
• 1:03:04
  To kind of line it up so that you don't make mistakes.
• 1:03:07
  And then there's the then there's this little box that
• 1:03:10
  comes and it has all the letters, right?
• 1:03:13
  With the like the little letter stamping tools, camera focus,
• 1:03:16
  please, right. So that you literally take each
• 1:03:20
  letter, letter by letter. I don't have three hands, so I
• 1:03:23
  can't do this. But you get the letter, you line
• 1:03:25
  it up and then you you hammer it home and it leaves the
• 1:03:30
  impression. Thanks Opti.
• 1:03:33
  So the kit comes with everything and a question that we always
• 1:03:36
  get asked well is like you only need to buy this once.
• 1:03:43
  So the anvil, the letter stamping tools and the hammer,
• 1:03:48
  you only need to buy this once because if you need more plates,
• 1:03:51
  you can just buy the plates on their own.
• 1:03:53
  And that's very different with how most seed fraced storage
• 1:03:58
  solutions like metal storage solutions work where the whole
• 1:04:01
  kit is just one kit. And if you lose it, you can buy
• 1:04:05
  as many plates as you'd like. And they got, they got custom
• 1:04:07
  plates. We got some Simply Bitcoin
• 1:04:09
  plates as well. I don't know if they're on the
• 1:04:11
  website, but there's custom plates that you can find it all
• 1:04:13
  in the Stampede website. Opti's showing the Simply
• 1:04:16
  Bitcoin one, the limited edition.
• 1:04:19
  But yeah. That one's for me.
• 1:04:20
  So it's it's really not rocket science.
• 1:04:24
  Even though they use these titanium on rockets, it's not
• 1:04:26
  rocket science, nor should it be rocket science because you, you
• 1:04:30
  really just want to make it over the finish line with your
• 1:04:33
  Bitcoin, right? And it, it sounds like archaic.
• 1:04:37
  You're like bro, like, so you're saying I should pull my money
• 1:04:40
  out of a bank and like literally like stamp my words into a plate
• 1:04:45
  of titanium? Like what the fuck are you
• 1:04:47
  talking about? That's exactly what I'm telling
• 1:04:49
  you to do. And yes.
• 1:04:51
  This. Wait, wait, Nico, Nico, there's
• 1:04:54
  another piece of paper. Yeah, so this is how I
• 1:04:56
  personally store, how I personally store my seed words.
• 1:05:00
  This is how I do it. I literally hammer my seed words
• 1:05:03
  into a plate of titanium. And this is what I'm going to be
• 1:05:06
  giving to my grandchildren and their grandchildren.
• 1:05:10
  Because you don't need to. You don't need to reinvent the
• 1:05:12
  wheel like it's as simple as this.
• 1:05:14
  Because if not what? Most hardware wall, and they're
• 1:05:17
  not trying to bash them because they're not in the business of
• 1:05:20
  seed phrase storage. Most hardware wallets, they come
• 1:05:23
  with paper. And I already told you guys, you
• 1:05:25
  can set paper on fire. You can tear it up.
• 1:05:28
  Your dog, could he? Could you imagine having that
• 1:05:30
  conversation with your grandchild?
• 1:05:32
  It's like I bought Bitcoin in 2020.
• 1:05:35
  It's like, Oh yeah, you did. It's like what happened to that
• 1:05:37
  Bitcoin grandpapa. The dog ate it.
• 1:05:40
  Like that's gonna be a terrible conversation.
• 1:05:43
  Or you can save yourself that horrible conversation that
• 1:05:46
  you're gonna have by getting yourself a stamp seat kit.
• 1:05:49
  You use promo code simply to get 21% off.
• 1:05:52
  It's made with love. It's made by bitcoiners.
• 1:05:55
  It's 4 bitcoiners and they're coming out with some very cool
• 1:05:59
  stuff down the pipeline. This is the when I, when I get
• 1:06:04
  my parents or my family or any of my family members and I and I
• 1:06:09
  go down, this is always a fucking rabbit hole.
• 1:06:11
  When I go down the, the self custody rabbit hole with them, I
• 1:06:15
  get them a stamp seed kit and you know, and then they hammer
• 1:06:19
  the letters in. Sometimes they make mistakes and
• 1:06:21
  I have to get another plate, but it makes it easy, right?
• 1:06:25
  So, yeah, I mean, it's pretty cool.
• 1:06:27
  Opti, I know loves it as well. Highly, highly recommend it.
• 1:06:31
  And we're very, very happy to have James on today because this
• 1:06:34
  is an incredible product. Anyways, James, let's talk a
• 1:06:36
  little bit about the hammer design because there is
• 1:06:38
  something that you brought up last time that was really
• 1:06:40
  clever. So this isn't just a regular
• 1:06:43
  hammer. It has a special type of copper.
• 1:06:46
  What is it? What what type of metal is this?
• 1:06:47
  Yeah, so. I'll run you through it.
• 1:06:49
  So I have one right here. It's a metal stamping hammer.
• 1:06:53
  This is patented in the US for the art or act of metal
• 1:06:57
  stamping, nothing else. This, you know, it will hammer
• 1:06:59
  other things, but someone in the chat really wants me to say
• 1:07:03
  anvil. So I'll say anvil just to get it
• 1:07:04
  out of the way. It's a New York accent, I guess.
• 1:07:08
  Anyway, the hammer meant for metal stamping, US patent on it.
• 1:07:12
  And what makes it a metal stamping hammer one is it has a
• 1:07:15
  brass tip. And you can see on the brass tip
• 1:07:17
  right there, like there's dents in there.
• 1:07:19
  Like it's been, there's proof of work in that, in that tip,
• 1:07:22
  right? Yeah.
• 1:07:22
  Look at that. It's been.
• 1:07:25
  It's been. Yeah, there you go.
• 1:07:28
  Yeah. So that that's by design, right?
• 1:07:31
  Like you want a softer metal on the tip of that because you're
• 1:07:34
  not hammering a nail into wood, you're hammering a steel stamp
• 1:07:37
  into titanium plate that's resting on a steel anvil.
• 1:07:41
  So when you're hitting metal on metal, what's going to happen if
• 1:07:44
  you're using a steel hammer? It's when when you hit the
• 1:07:46
  stamp, let me get a stamp, it's going to bounce up on you.
• 1:07:50
  If you're hitting steel when you have brass, that denting is
• 1:07:53
  going to help drive the stamp down deeper and you're going to
• 1:07:55
  get a deeper result. It's called the dead blow.
• 1:07:58
  So that brass is softer than all the other metals that you're
• 1:08:00
  hammering into and then the impact is being absorbed by that
• 1:08:04
  hammer helping dry force down to give you a deeper result.
• 1:08:07
  Also, what makes this metal stamping hammer is it's got a
• 1:08:09
  short handle. If you have a longer handle and
• 1:08:12
  you're working kind of like back here, your aim is going to be
• 1:08:14
  off. You might hit something when
• 1:08:15
  you, when you're choking up on it, just like you're playing
• 1:08:17
  baseball, you choke up on the back, you hit the ball.
• 1:08:20
  You don't have to choke up on the hammer because the channel's
• 1:08:22
  already short. You know it's already there for
• 1:08:24
  you to get that nice hit. So you're working right over
• 1:08:27
  your stamp. You're not working far behind it
• 1:08:29
  and it has an angle to it too. You can't really see it on the
• 1:08:32
  video too much, but there's an angle to that hammer.
• 1:08:35
  This way you know when you're working over it, it's already
• 1:08:37
  pretty much the head of the hammer is going to be flushed
• 1:08:40
  with the head of the stamp. And lastly, it's a 2 LB weighted
• 1:08:44
  head. So other metal stamping hammers
• 1:08:47
  are out there, traditionally 1 LB.
• 1:08:49
  We beef this up to make it a 2 pounder just to make it easier
• 1:08:52
  to stamp. Like you don't really have to
• 1:08:53
  even hit it that hard. You can kind of just flick your
• 1:08:55
  wrist and, and get it in there pretty good.
• 1:08:57
  Like we've, we were at Bitcoin Nashville and there were like
• 1:09:00
  two kids, like 7 and 10 years old, I think, and they were
• 1:09:03
  stamping their names into it. It was like their little craft
• 1:09:06
  activity to do while they were with their parents at the
• 1:09:08
  Bitcoin conference. They had no issue stamping this.
• 1:09:10
  So the hammer and the tools make it 10 times easier to, to do it.
• 1:09:16
  So yeah, 100% no stamping hammer.
• 1:09:18
  And you know, we, we offered the kit without the hammer and
• 1:09:20
  without the anvil 2 just as other options for people because
• 1:09:24
  we had a lot of people saying, hey, I have a hammer ready.
• 1:09:26
  I want to use my hammer. I don't need this steel anvil.
• 1:09:30
  You know, I have a workbench, so I could just use the jig and hit
• 1:09:33
  it over a workbench. And that's why that option
• 1:09:34
  exists too. Yeah, and by the way, I saw
• 1:09:36
  someone ask in the in the chat how much is the kit with hammer,
• 1:09:40
  anvil, everything. It's $120.00.
• 1:09:43
  So for everything, so that is that's going to be for without
• 1:09:47
  the hammer and anvil, it's 196, but with your 21% off, you're
• 1:09:51
  getting close there. Yeah, so it's so 196 with
• 1:09:54
  everything included and use promo again.
• 1:09:58
  You use promo code simply for today and you get 21% off.
• 1:10:03
  See a lot of you guys scan the QR code.
• 1:10:05
  And also what was I going to say?
• 1:10:08
  You only have to buy this one time.
• 1:10:10
  So this will last for the rest of your life.
• 1:10:12
  You only have to buy this stuff right here and the letters and
• 1:10:17
  the letter tools and you won't need this like you just have to
• 1:10:21
  buy this one time unless you lose it, of course.
• 1:10:23
  These are the things that you'll keep on buying.
• 1:10:25
  I've personally bought in at least 50 because they're, I, I
• 1:10:30
  just, I'm a Bitcoin nerd and I just collect these things and,
• 1:10:33
  and I'm always going to like, what if I need this one day, you
• 1:10:36
  know, And it's kind of like the, the backup food supply stuff
• 1:10:40
  where you're just like, I'm just going to leave this because the
• 1:10:42
  world might end one day, you know?
• 1:10:44
  So anyways guys highly recommend it.
• 1:10:46
  And also, Nico, just to be clear, because we've had people
• 1:10:49
  say this in comments and stuff before, guys, you buy the kit.
• 1:10:53
  You do not send the seed phrase to James to stamp it.
• 1:10:57
  You do this at home. Home.
• 1:10:59
  You stamp this in the privacy of your own home.
• 1:11:02
  Never send anyone your private seed.
• 1:11:05
  We are not recommending you do that at all.
• 1:11:07
  You buy the kit for yourself and you stamp it at home, preferably
• 1:11:11
  with no cameras around. Exactly, exactly.
• 1:11:13
  You don't want your seed phrase touching the Internet and you
• 1:11:17
  want to store it properly. And that's why we recommend the
• 1:11:20
  stamp seed. Anyways, guys, this was simply
• 1:11:24
  Bitcoin live for November 5th, very special day in American
• 1:11:28
  history. Go out and vote.
• 1:11:30
  There's two choices on the ballot.
• 1:11:33
  We've we, this is we're beating a dead horse at this time.
• 1:11:36
  So I'm not going to go down that.
• 1:11:37
  But yeah, go out and vote. Make your voice heard as a
• 1:11:41
  bitcoiner, as a person, as a, as American citizen.
• 1:11:44
  If you're not American citizen, you're watching overseas still,
• 1:11:47
  you're looking at this election. You're like, Oh my God, what's
• 1:11:49
  going on? Hopefully, you know, hopefully
• 1:11:54
  you know, Ross gets freed and you know, I'll leave it at that.
• 1:11:58
  Anyways, if you guys enjoyed the show, you know what to do.
• 1:12:00
  There we go. Vote exactly.
• 1:12:03
  Love it, love it, love it. If you guys enjoyed the show,
• 1:12:06
  you know what to do Smash like button.
• 1:12:07
  Consider subscribing if you feel like we've provided you value,
• 1:12:11
  but the number one thing you could do to help push the
• 1:12:13
  peaceful Bitcoin revolution is share this content, vote for
• 1:12:17
  Trump, and we'll be back tomorrow for a brand new episode
• 1:12:21
  of Simply Bitcoin Live. Peace out, everybody.
• 1:12:26
  But it was brought to you by bitcoinwell.com, a Bitcoin only
• 1:12:29
  platform on a mission to enable financial independence.