Latest / Simply Bitcoin / Is $1M Bitcoin by 2030 Possible? | EP 1012

Transcript

Is $1M Bitcoin by 2030 Possible? | EP 1012 · Simply Bitcoin

• 0:02
  It's all. Going to zero against Bitcoin.
• 0:06
  It's going up forever. You're against Bitcoin.
• 0:16
  You're against freedom yeah, welcome to simply Bitcoin live,
• 0:23
  your number one source for the peaceful Bitcoin revolution
• 0:26
  cover. You can use culture dramatic
• 0:27
  warfare. We will be your guide through
• 0:29
  the separation of money and state Ladies and gentlemen,
• 0:31
  you're tuned in simply Bitcoin live, the most watched daily
• 0:34
  Bitcoin only live show on YouTube Rumble X sit back,
• 0:38
  relax, enjoy the ride. We have lots of content to cover
• 0:40
  today. We're going to start off first
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  with, I think I've heard this multiple time from multiple
• 0:46
  people and Wicked actually released a poll this morning,
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  which I found fascinating. Basically asked three separate
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  questions, five questions in total.
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  And it kind of gave a like a mainstream what, what, what the
• 1:01
  expectations of what, what the expectations in terms of price
• 1:07
  are going to be by 20-30. What is it?
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  What are most people expecting? And also of course we have the
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  Ark Invest, what Kathy Wood and Co expect as well.
• 1:18
  And then we have Michael Saylor about a one minute clip of
• 1:22
  Michael Saylor's speech at BTC Prague on the mainstage.
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  His whole presentation is about he did something called the 21
• 1:30
  rules of Bitcoin which we're going to cover today and beauty
• 1:33
  on actually wrote a kind of like a rebuttal on that, which I
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  found really interesting. So we're going to cover all of
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  that. Also, the EU going continuing to
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  go down the, you know, the totalitarian route.
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  And here's a headline from No BS Bitcoin E US encryption report
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  finds layer Two's private ownership of Bitcoin problematic
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  for law enforcement. We've been saying this for a
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  long time, how the current system works, a system where
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  politicians and the government could just turn off your money,
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  confiscate it at the flick of a switch.
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  Bitcoin in self custody is a game changer.
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  It changes the whole conversation, changes the power
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  dynamic, but only if individuals really take advantage of the
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  tools in order to achieve that level of sovereignty.
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  Now, if we're able to achieve this, and I think that's what a
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  lot of Bitcoiners are expecting, like a percentage of society is
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  taking self custody of their wealth out of the hands of
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  government. And I'm not just talking about
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  taxes. I'm not talking about like
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  wealth confiscation. I'm talking about it takes away
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  the government's ability to like if no one is using the currency,
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  they can debase all they want, but it's just, it's not going to
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  do anything right? Like if they don't have people
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  using the currency, then they like it doesn't make sense
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  debasing it. It doesn't do anything right.
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  And what you're going to see in the next 5 to 10 years is you're
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  going to see the state fight back.
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  We've been making that the case for that for a long time now.
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  And simply now in the United States, things took a turn,
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  right? We had, you know, the Biden
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  administration, we've been talking about it all throughout
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  the week. They've taken a very hostile
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  stance towards the industry. And then it was only recently
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  that there was a whole change in tune when it entered the
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  political discussion. And it is an election year,
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  right? So you have now candidates
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  basically saying I'll protect the right to self custody.
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  So, but the point remains is that if you are in favor of big
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  government, big states, huge control apparatus, self custody
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  is not your friend. You don't like that.
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  If you're a fan of smaller government, less control, more
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  decentralization, self custody is for you.
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  I would like to make the case, and maybe this is the
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  libertarian capitalist in me, that I think society as a whole
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  would be better with smaller government.
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  It would be more efficient. The markets would be more free.
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  They would be more open people would have more freedom.
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  And I think that would be better for everyone.
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  I think. I mean, history has shown that
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  the best way to organize the society is a just a free market,
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  just the, the freer the market, the better in my opinion.
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  That's where you lead. That's where you reach levels of
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  prosperity in, in human history. The more totalitarian top down
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  control society has, the less the society becomes poor, right?
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  They they need to coerce more, they need to control more just
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  to get people to go along with the, you know, with the scam,
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  essentially. So Bitcoin is an enemy of any
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  central totalitarian ideology. And anyone who's against Bitcoin
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  is fundamentally against freedom.
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  And one of the best things about Bitcoin is that it exposes
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  incentives, right? So we're going to talk about
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  that today because I feel like it's very important.
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  I think the fight is just getting started in my opinion.
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  But anyways, no more delay. I do want my legendary Co host
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  who's always optimistic optimist fields in the house with.
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  How you doing bro? I am doing great.
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  I was struggling on yesterday's show.
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  My elbow was hurting. I felt like I was getting sick
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  after the show. I ate a huge rib eye, got some
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  sleep. I'm feeling good today on
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  Friday. So Opti is back, you know,
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  hopefully I don't get sick this weekend.
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  But your boys back. Well, yesterday was a struggle,
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  yesterday was a struggle and everyone was trolling me in the
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  chat. So you know I'm back Nico, we
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  got no time to get sick over here at simply Bitcoin, but you
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  know, I, I got some raw honey in me.
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  You know, I ate a rib eye, took a nap.
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  I I feel wonderful today. I'm still, I still for some
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  reason can't get to bed early. I don't know what's going on
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  here so rolling around in bed for like 3 hours, it's not the
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  funnest time in in the world of Opti, but that doesn't matter.
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  You guys aren't here for my life updates but man, I feel great.
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  It's Friday. You all know what that.
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  Means let's get the energy going.
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  Bro, let's get. The Let's get the blood pumping,
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  man. Yeah, we'll see.
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  We made it another week. We'll see.
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  We made we wait. We did make another week.
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  Oh my goodness. Yeah, Yeah, man, we've.
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  Sheesh. The struggle is real, but hey,
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  this is our life. We we're, we're blessed to show
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  up every day. We're blessed that this is our
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  job. Life is good, man.
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  We live in paradise and we live on the Bitcoin standard.
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  We can't complain even when you are feeling sick.
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  Anyways, let's bring in our guests because this is our.
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  Guest today we got perfect. Go ahead from Mino.
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  Yeah, we got Taylor from Mino and I just want to team up
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  because this is exactly what you said in the intro, Nico.
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  If you use the tools, you can achieve sovereignty for
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  yourself. And Taylor wanted to come on and
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  we're going to talk about why you should run a node.
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  Guys, I'm I'm sick and tired of seeing you guys in the chat.
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  You hang out with us every day and you don't run a node yet.
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  So we're going to go into why you should run a node, the
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  levels of becoming a bitcoiner to a toxic Bitcoin maxi.
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  And then of course, we're going to talk about my node.
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  So Taylor, how you doing this morning?
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  Great, Yeah, thanks for having me on.
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  I'm so excited to be on. And I just wanted to say I love
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  that introduction. That was that was such a good
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  introduction just about, you know, kind of what's going on in
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  the political landscape and trying to shut down money and or
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  I guess free your money and and take control of it.
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  And so a quick back story. I I remember that was actually
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  probably what got me into Bitcoin back in the day.
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  I was reading the Bitcoin talk forums and I was like, this is
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  kind of interesting. And then somebody made the point
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  about, you know, there isn't sort of like a Federal Reserve
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  that can decide to just print more money.
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  And I was like, that's awesome. We didn't even have bad
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  inflation at the time. But that point was just so like,
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  I guess powerful in thinking that there's an algorithm that
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  controls the, the monetary supply.
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  And it's not people just deciding one day I want there to
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  be more money. I think we need more money.
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  I'm going to go start, you know, handing it out to whatever
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  'cause I think is good. And so that was, that was
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  absolutely one of the things that got me into Bitcoin.
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  So I, I really like that introduction.
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  And then that ties into, you know, you need this free money
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  alternative that that you can start using and so that that is
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  Bitcoin, but there's different ways to use Bitcoin.
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  I think a lot of people kind of start looking into it and then
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  they go think, Oh, number go up, like, let me go buy some
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  Bitcoin. They go buy it.
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  They put it on Coinbase or buy it on Coinbase or, you know,
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  some exchange and they just watch it.
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  They just let it sit there and they're like, cool, and you
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  know, it's going up, but that's still confiscatable.
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  That's still, you know, there's there's third party risk
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  Coinbase could go under or whatever exchange, you know,
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  could could go under, you could lose it, it could get hacked and
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  the exchanges are of course big targets.
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  And so, you know, then the next level down, I think that a lot
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  of people get stuck at a lot of people don't go down here, but
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  that's taking self custody of your Bitcoin.
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  And I'm sure all the, the people in chat here, you know,
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  understand a lot of this, but hopefully they have, you know,
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  if anybody hasn't taken, taken their, their Bitcoin off the
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  exchanges, please go do that. I don't, I'm not going to ask
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  you to call yourselves out, but if you haven't, please some of
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  these suggestions, but but get it off the exchange, you know,
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  take, take custody of it. And then preferably, you know,
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  don't, don't keep it on a Internet connected computer, put
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  it in cold storage. And then that way your, your
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  Bitcoin is about as safe as it can be.
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  But at that point, you still have other concerns.
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  There's privacy concerns, there's, you know, who knows
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  about your Bitcoin, who has access to your, your public
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  keys. And so even if they can't
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  control it as spending, as in spending it, they can, they can
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  still look at it, they can still like track where it's going.
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  They know how much you have. And you know, people don't want
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  that. Do you?
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  Do you want like every investment account, every
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  checking account, every savings account, you have to be public
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  information? I, I don't think there's a
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  person out there that would say, yeah, like I want, I want that.
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  I want people to be able to track all my spending and
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  everything. Nobody wants that.
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  That's that would be insane. So, and, and I think that's when
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  you get into running a node and why that's important because
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  then your transactions go from your, you know, cold storage
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  device from whatever wallets you control.
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  Those transactions are going to your node directly to the
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  Bitcoin network. They're not going through a
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  third party, they're not going through some live service
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  that's, you know, seeing all of your X pubs and seeing every
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  time you spend your, your Bitcoin, they, they don't have
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  the ability to reject it. I'm not sure if that's happened
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  in the past, but you know, with the third party service that
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  you're relying on, which I think a lot of the, you know, hardware
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  wallet providers, that's their default set up.
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  It's to go through some service that they're offering.
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  So they can kind of see, Hey, we've got this many users, we've
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  got people kind of controlling these funds and they don't, I
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  don't know if they go into a lot of detail about what they track,
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  but they have the ability to. And so I, I think what, what you
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  would want to do ideally is run your own node, divert those
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  transactions from going to the third party, send it directly to
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  your node. And then it's, it's on the
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  Bitcoin network. And that can be done via Tor.
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  So even your ISP or whatever else can't be trying to take a
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  look at, at your, your transactions.
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  And you know you trust me bro, don't.
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  Verify it. Yeah, just laugh.
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  At it. I think that's that's kind of
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  what like a a lot of people don't realize they're doing
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  that, but that's what they're doing.
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  They're just saying like, let me go rely on this third party
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  service, like let me go rely on this other company to go, you
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  know, help me transact my Bitcoin, which you know, that
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  that's, that's not ideal. That's not what Bitcoin was
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  meant to be. Yeah.
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  And I think that's something that that a lot of people don't
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  understand, which is like, you can be interacting with Bitcoin,
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  but if you're not running your own node, you're trusting
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  someone else's fundamentally, right.
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  So I think it's like, you know, essentially I think step one is
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  self custody. Step 2 is running a node so that
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  you're using your own copy of the blockchain because if not,
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  you're trusting someone else, you're doxing your privacy,
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  potentially your location with the IP address, you know, like
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  you're definitely doxing your stack for sure, right?
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  You know, and that's not ideal, right?
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  So you should definitely be, you know, self hosting and you
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  should be definitely running your own thing because if not,
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  you have to trust someone else's.
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  And, and like, I think we're going to move into a future
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  where and you're already kind of seeing, seeing the inklings of
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  this, like just running it, just running a note itself is like,
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  like it is a form of protest, right?
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  Like you are, you know, you are, it's like not only you are your
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  own bank, you are the CEO of that bank.
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  Like you make the rules. You know, if you run it through
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  Tor, you broadcast everywhere worldwide.
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  No one knows where you at. No one knows where you are.
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  Like, it's incredibly empowering.
• 12:08
  I can't recommend it enough anyways guys.
• 12:11
  Before one last thing I want to say, Taylor won't shame you into
• 12:14
  taking self custody, but Opti well do not leave your Bitcoin
• 12:18
  on in exchange. Yeah, All right, everybody, I do
• 12:21
  want to give a very special shout out to Simply Bitcoins
• 12:24
  lead spotter. Of course, I'm talking about
• 12:26
  Bitcoin. Well, Bitcoin well is the best
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  place to build your automatic self custody Bitcoin stack.
• 12:32
  It is self custody by default. What does that mean?
• 12:34
  That means that you can't buy Bitcoin on Bitcoin.
• 12:37
  Well, unless you intend to take self custody.
• 12:40
  Unless you intend to take self custody, right?
• 12:42
  Which perfectly aligns with the simply Bitcoin ethos because
• 12:45
  it's the separation of money and state.
• 12:47
  Separation of money and state requires self custody.
• 12:49
  Self custody is the revolution to support self custody.
• 12:52
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• 13:41
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  Well, you earn points and you can use those points towards the
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  wishing well and wish for a better future.
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  If you're lucky, you'll win up to 1,000,000 Satoshi's.
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  Let's do that right now and get your Lightning wallets up
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  because I won't claim this. So first one, first serve and
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  2100 sats. So I'm gonna leave that on
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  All right, everybody, let's hit the numbers.
• 14:39
  Lots to talk about. The Bitcoin numbers.
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  simply to get 15% off. At the time of recording, the
• 15:50
  Bitcoin price is $65,290.00. Stats per dollar is 1000.
• 15:56
  What? All.
• 15:59
  Right, Opti is taking over the show.
• 16:00
  I'm going to make him full screen and we're renaming to
• 16:03
  simply Fiat At the time recording the Bitcoin price SATS
• 16:07
  per dollar is 1532 block height 847,920 blocks to having 200 and
• 16:14
  2080 having estimate March 25th, 2028 total lighting network
• 16:19
  capacity 4812 BTC capacity value 314 million U.S. dollars
• 16:26
  realized monetary inflation 1 .59% market capitalization 1.29
• 16:31
  trillion Bitcoin verse gold market cap 8.09% in the grand
• 16:36
  scheme of things, we are just getting started.
• 16:40
  All right, ladies and gentlemen, I do want to play you this clip.
• 16:43
  It's pretty cool short form content that our friends over at
• 16:47
  BTC Prague made and of course they're highlighting the Chad
• 16:50
  Sailor. Seems like he had a keynote at
• 16:52
  the conference. He absolutely crushed it.
• 16:54
  Let's check it out. Everybody gets Bitcoin at the
• 17:01
  price they deserve. In December of 2013 I looked at
• 17:07
  it and I tweeted, you know bitcoins days are numbered.
• 17:11
  It'll probably go the way of online gambling.
• 17:15
  Big mistake. Bitcoin was $892.00.
• 17:21
  OK, I got the price I deserved and when it gets to $950,000,
• 17:27
  there'll be some whiny person, a talking head on television
• 17:31
  saying it looks over overbought. Right now it looks a little bit
• 17:35
  heated. I, you know, we think it's going
• 17:36
  to trade down to 700,000 and they'll miss it.
• 17:41
  It'll go to 8 million and they'll buy it at 8 million and
• 17:47
  they will get Bitcoin at the price they deserve.
• 17:51
  I mean bro $8 million Bitcoin that's how much how much X is
• 17:55
  that? Like how like 100 more than 100
• 17:58
  XI think? More than 100 X from here, yeah.
• 18:00
  Dude that, that's absolutely insane.
• 18:02
  I could feel Opti smiling from here.
• 18:05
  Anyways. My kind of bowl sauce.
• 18:07
  Mika, this is my kind of bowl sauce.
• 18:09
  Yeah, I mean, OK, so now let's pull it down, back down to
• 18:12
  Earth, right? By the way, I don't, I don't
• 18:14
  disagree with anything that Sailor just said.
• 18:17
  I fundamentally agree with all of it.
• 18:19
  I think eventually it's inevitable that Bitcoin hits
• 18:21
  eight million. I think most people just 'cause
• 18:24
  you know, it's it's Infinity divided by 21 million, they're
• 18:27
  going to they're going to just print a ridiculous amount of
• 18:30
  money until Infinity. That's just the way that it
• 18:32
  works. So I mean like it might just
• 18:35
  like it will reach 8,000,001 day.
• 18:36
  The question is what is the purchasing power of that set 8
• 18:39
  million? I think that's the bigger
• 18:41
  question anyways. So going back to this, what's
• 18:46
  Bitcoin's price going to be at 20-30?
• 18:47
  There's a lot of people that are keep saying this date, I keep
• 18:51
  saying that, but seeing this pattern of this date, twenty $31
• 18:55
  million Bitcoin and I want to talk about it.
• 18:58
  So of course we have Arc Invest and what came out this morning
• 19:02
  was this financial firm called Bernstein came out with just
• 19:08
  this expectation. A broker assigned the software
• 19:11
  company anyways. So there's that.
• 19:14
  And then there's this poll by Wicked that I want to get to.
• 19:16
  So first we're going to start off with this Coindesk article.
• 19:19
  It says the price of Bitcoin is likely to hit 1,000,000 by 2033
• 19:22
  and reached a cycle high of 200,000 by 2025.
• 19:26
  Bernstein said it initiated coverage of software developer
• 19:29
  MicroStrategy, the biggest corporate owner of the largest
• 19:31
  cryptocurrency with an outperforming rating.
• 19:34
  MicroStrategy now owns 1.1% of the global supply of the world's
• 19:38
  largest cryptocurrency worth 14.5 billion, having transformed
• 19:42
  itself from a small, small software company in the space of
• 19:45
  four years, the broker said in a research report on Thursday.
• 19:48
  Bernstein initiated coverage of the Tyson Corner, Virginia based
• 19:52
  company with a $2890.00 price target.
• 19:55
  The shares close at around 1484 on Thursday.
• 19:59
  The NASDAQ listed firm currently holds 214,000 Bitcoin.
• 20:03
  It began buying the cryptocurrency in 2020.
• 20:06
  The company's founder and chairman Michael Saylor has
• 20:09
  become synonymous with brand Bitcoin and has positioned
• 20:11
  MicroStrategy as a leading Bitcoin company attracting
• 20:15
  attracting at a scale capital for an attractive Bitcoin
• 20:18
  acquisition strategy. MicroStrategy positions itself
• 20:21
  as an act active leverage Bitcoin strategy versus passive
• 20:24
  spot ETFs, and it goes on to say the brokers BTC price forecast
• 20:29
  is driven by the unprecedented demand from spot exchange traded
• 20:33
  funds and because supply of the cryptocurrency is constrained,
• 20:36
  Bernstein now estimates that Bitcoin could reach 500,000 by
• 20:40
  2029. The 2025 estimate was raised
• 20:43
  from 150,000. I find that really interesting.
• 20:48
  Now let's check out the Arkan vest.
• 20:50
  It's personally one of my favorite just because of the way
• 20:53
  that it's broken down and she kind of lays out or they better
• 20:57
  said they lay out a bunch of things that Bitcoin basically
• 21:01
  making an assumption that Bitcoin is going to penetrate a
• 21:03
  percentage of these markets. So of course you have the
• 21:06
  corporate treasuries, you have the remittance asset, you have
• 21:09
  nation state treasury, you have emerging market currency, you
• 21:11
  have economic settle network, you have seizure resistant
• 21:14
  asset, you have institutional investment, you have digital
• 21:17
  gold. So all those things Bitcoin
• 21:19
  could potentially penetrate and even with like relatively small
• 21:22
  percentages, that just makes up the base case.
• 21:26
  Like the bottom one is digital gold.
• 21:28
  Are you saying by 20-30 Bitcoin isn't going to make up the
• 21:31
  entire market cap of gold? I think it will.
• 21:33
  I think it's going to replace gold a lot faster than that.
• 21:36
  Right. And then she has the
• 21:37
  expectations based on the bear case, the base case and the bull
• 21:40
  case. So the bear base bear case to
• 21:43
  Arkan Vest is $258,000 Bitcoin. The base case is $682,000
• 21:50
  Bitcoin. The bull case is $1.48 million
• 21:54
  Bitcoin. Now this is the one that I find
• 21:56
  the most fascinating because it kind of reminds me of that show
• 21:59
  like who wants to be like a millionaire?
• 22:01
  No pun intended, by the way. And one of the things is like
• 22:03
  ask the audience. This is exactly what Wicked did.
• 22:07
  He asked the Bitcoin Twitter audience, the Bitcoin
• 22:10
  Twitterverse, what they thought. And there's five questions.
• 22:14
  And it kind of like leads you at like a like a like an
• 22:18
  assumption. So I'm going to make this
• 22:19
  interactive opti. Will Bitcoin have an all time
• 22:22
  high above 100K by 20-30? Yes.
• 22:26
  Yes, OK, 95.2% of people on Bitcoin Twitter agree with you
• 22:30
  Taylor. Will Bitcoin have an all time
• 22:32
  high above 250K by 20-30? Oh yeah, yeah, absolutely.
• 22:37
  So 95.3%, which is interesting because more people.
• 22:42
  Voted on Nico. There's less votes too, so.
• 22:44
  That's true. That's true.
• 22:45
  There's less of a poll. OK, back to you, Opti.
• 22:47
  Will Bitcoin have an all time high above 500 K by 20-30?
• 22:50
  Yes. OK, 81% agree.
• 22:54
  Taylor, Will Bitcoin have an all time high above 750K by 20-30?
• 23:01
  Oh, this one starts getting hard Just talking about peaking, I
• 23:04
  think there's a chance, but on average I would say probably
• 23:06
  not. So an all time high so.
• 23:09
  Peaking, peaking, right? So I, I don't know, I still I, I
• 23:12
  think it's possible, but I, I don't know, my 2030 prediction I
• 23:16
  think would be closer to, I don't know, low few 100,000
• 23:20
  probably I don't know, I think it might peak at about 500 K.
• 23:24
  Okay, so no. So no for this one I don't think
• 23:28
  so. Vast majority, 61% of Bitcoin
• 23:30
  Twitter disagrees. They think it's gonna go above
• 23:32
  750K And then the last one. Will Bitcoin have an all time
• 23:36
  high above 1,000,000 by 2030? I did.
• 23:40
  I gotta for for the culture. We gotta say yes, yes, OK.
• 23:45
  Well, whoa, that. Bears in the six.
• 23:48
  Percent of Bitcoin Twitter believes that no by 20-30 we
• 23:52
  will not hit $1,000,000. But it seems like Bitcoin
• 23:54
  Twitter does believe that it will be between 7:50.
• 23:57
  So most people believe it's gonna be between 7:50 and 1:00
• 24:01
  million over the next. Too many bears ago really like.
• 24:05
  5 1/2 years so and that's still an incredible return.
• 24:09
  I don't think anything else will give you that type of thing like
• 24:12
  sure thing. So just to kind of give like a a
• 24:15
  quick recap Bitcoin Twitter believes it's going to be
• 24:18
  between 750 and 1,000,000 by 2030 Arc invest.
• 24:22
  They lay out three cases. The base case is 682,000.
• 24:26
  You know, these numbers like they, they seem kind of similar.
• 24:29
  And Bernstein does predict, well, to be fair, it does say
• 24:33
  within 10 years. So we're about 5 1/2 years by
• 24:36
  from 2030, so. What was the price 5 1/2 years
• 24:41
  ago? I can't let me.
• 24:44
  I'd like to do this in the background.
• 24:45
  It was about like 20 K 'cause it was like what, the 2017 eighteen
• 24:49
  cycle that. And the low was 3K right?
• 24:51
  Like 3.5. Yeah.
• 24:54
  So what's 3.5 to 70 K? Yeah, 3.5.
• 24:59
  Well, it just got low. It's more than.
• 25:00
  A 10X? It's more than a 10X.
• 25:03
  OK. Yeah, yeah.
• 25:04
  It's more than a 10X. So I I think Taylor's right with
• 25:08
  the 700K prediction is maybe where we're gonna be at.
• 25:12
  I mean it's possible, but yeah anyways my guess would be closer
• 25:16
  to maybe 500 K peaking I can the next cycle.
• 25:19
  So like, you know, around 2030. I do find it, I do find it
• 25:22
  interesting though that like now you have like this isn't just a
• 25:25
  bunch of plebs or essentially a bunch of random and on
• 25:29
  bitcoiners that are just. Like we got institutions being
• 25:31
  stupidly bullish. And like, that's the reason that
• 25:34
  we're gonna cover it cuz we never do.
• 25:36
  We simply Bitcoin never does price predictions ourselves, but
• 25:39
  we do cover it when, you know, notable people are talking about
• 25:43
  this. And I just found that
• 25:44
  fascinating because it's Bernstein.
• 25:46
  You have Kathy Wood from Arc Invest and then of course, like
• 25:49
  kind of ask the crowd of Bitcoin Twitter.
• 25:52
  And it's, it's interesting because the general consensus is
• 25:54
  about the same. It's like roughly $1,000,000
• 25:57
  between 750 and a million roughly.
• 26:00
  People think that and the vast majority of people truly believe
• 26:03
  it's going to be way north of half $1,000,000.
• 26:06
  I mean, that is absolutely insane.
• 26:08
  I, I remember it's like, it's like I was, if it was yesterday.
• 26:10
  I remember when Bitcoin was at like $3500 like and everyone
• 26:14
  thought the, the sky was falling.
• 26:16
  I, I remember that. So we we had a what was that
• 26:20
  guy's comment on this day today? On this day five years ago, 5/8
• 26:25
  thousand, 8000. 690 yeah I mean there you go right?
• 26:28
  So anyways, my Chinese fortune cookie says 637,000 by end of
• 26:34
  year. Could you imagine like things
• 26:37
  would break? Yeah, but anyways, sat wise Jank
• 26:41
  says I'll be happy with 150K this run.
• 26:43
  We've been sideways for so long, we won't ever fall below that
• 26:46
  high of 60s as a new low. So yeah, I mean, very, very
• 26:50
  interesting. But anyways, I thought you guys
• 26:52
  would find it. I thought you guys would find
• 26:53
  that valuable and interesting, all these different takes.
• 26:57
  Anyways, before we move on to the next section, I do want to
• 27:01
  give an incredibly special shout out to our sponsor.
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  And of course I'm talking pleb party guys.
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  Opti and I are going to be there.
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  It's going to be a great celebration.
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  You want to get your tickets quickly before the prices go up
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  because they will go up. And I think this is the last
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  opportunity you have to get tickets at the $200.00 price
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  point. So looking forward to seeing you
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  guys in Nashville. This is going to be an awesome
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  Bitcoin celebration. All right, everybody, let's hit
• 28:11
  the culture. Lots to talk about now.
• 28:15
  Let's hit the culture. Let's hit the news.
• 28:17
  Let's try that one more time. The Daily News.
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  All right, everybody check this out.
• 29:43
  This is Sailor's presentation from BTC Prague 21 Rules of
• 29:48
  Bitcoin by Sailor One. Everyone who understands Bitcoin
• 29:51
  buys Bitcoin Two. Everyone is against Bitcoin
• 29:54
  before they are for it Three. You will never be done learning
• 29:58
  about Bitcoin 4. Bitcoin is powered by chaos 5.
• 30:01
  Bitcoin is the only game in the casino that we can all win
• 30:05
  Bitcoin 6. Bitcoin won't protect you if
• 30:07
  you're not wearing the armor 7. Bitcoin is the one thing in the
• 30:11
  universe that you can truly own 8 Everyone gets Bitcoin at the
• 30:14
  price they deserve. Nine Only buy Bitcoin with the
• 30:17
  money you can't afford to lose. That's a really good point,
• 30:20
  right? You know, because you always
• 30:21
  hear it. It's like only buy Bitcoin with
• 30:24
  the money you can't afford to lose kind of flips that on his
• 30:27
  head. Only buy Bitcoin with the money
• 30:28
  you can't afford to lose. 10 Tickets to escape the matrix are
• 30:32
  priced in Bitcoin that's deep. 11 It's Michael Saylor based
• 30:36
  maybe anyways. 11 Bitcoin insight is restricted to those
• 30:40
  with the need to know. 12 All your models will be destroyed
• 30:45
  talking about this episode. 13 The cure to the economic ill is
• 30:49
  the orange pill. 14B for Bitcoin, not against Fiat. 15
• 30:53
  Bitcoin is for everyone. 16 Learn to think in Bitcoin. 17
• 30:58
  You don't change Bitcoin, it changes you. 18 Laser eyes
• 31:01
  protect you from endless lies. 19 Respect Bitcoin or will make
• 31:05
  a clown out of you. 20 You do not sell your Bitcoin. 21 Spread
• 31:10
  Bitcoin with love. So what do you think Opti?
• 31:14
  What's your take on this before I move on?
• 31:16
  I mean, I like it. He's obviously talking in my
• 31:19
  language, but the one that I have the most contention with is
• 31:24
  Bitcoin is powered by chaos. Like, well, I, I agree and I see
• 31:27
  the sentiment and like, I kind of want to say the opposite.
• 31:31
  Like Bitcoin to me is the stable coin.
• 31:33
  Like Bitcoin is that piece in the garden.
• 31:35
  And yeah, maybe powered by chaos, but like, I don't know,
• 31:39
  it brings peace to you and it's, it's the only stable thing in
• 31:41
  the world. So yeah, it's a pretty good
• 31:43
  list. I, I kind of like it though.
• 31:45
  I, I know you are gonna bring on Beauty On's one and I, and I
• 31:47
  didn't even get this one in the morning.
• 31:49
  I saw Beauty On's one. I'm like, what is he even
• 31:50
  talking about? So.
• 31:51
  He went hard in the pain. But let's ask Taylor what's his
• 31:54
  thoughts on this? And let's do the beauty on one.
• 31:55
  Yeah, so on #4I I I think maybe maybe he was referring to like
• 32:00
  the only reason Bitcoin has value is because Fiat is so
• 32:02
  chaotic, because there are no rules.
• 32:04
  People can just invent more people can do control it.
• 32:08
  Maybe, maybe that was what he was meaning.
• 32:10
  The one, the one I kind of disagreed with was #2A little
• 32:12
  bit like everyone is against Bitcoin before they are for it.
• 32:15
  I don't, I don't necessarily know if that's true.
• 32:16
  It might be more true now, but back in the day, like there,
• 32:19
  there wasn't as much anti Bitcoin sentiment.
• 32:22
  People would just like find it and realize this is better.
• 32:25
  And it's not that they necessarily started out against
• 32:27
  it, but now that the price is higher and I, I think people do
• 32:30
  have a tendency to say, Oh, I, I missed the, you know, the like
• 32:33
  early waves. So you know, they're they're
• 32:36
  going to more likely be against it.
• 32:38
  But other than that, I thought the list was was really great
• 32:40
  and I kind of liked the only buy Bitcoin with mine.
• 32:42
  You can't afford to lose. That was that was kind of
• 32:45
  interesting because it did flip it on its head.
• 32:48
  But yeah, yeah, it's it's a good list.
• 32:50
  And I think learning to think in Bitcoin is really important.
• 32:53
  Like I think a lot of people buy Bitcoin and they just see it for
• 32:55
  like U.S. dollar go like number go up kind of thing.
• 32:58
  Like they they want Bitcoin to make more dollars, not that they
• 33:03
  want Bitcoin. So I think learning to think in
• 33:06
  Bitcoin is is really important to think, you know, this is this
• 33:09
  is my currency. Like what was that like really
• 33:11
  early meme? Like it it was was it from the
• 33:14
  matrix? And it was basically like.
• 33:17
  Oh yeah, the $1,000,000 Neo One. Yeah, you'll you'll sell when it
• 33:20
  hits, whatever. And he's like when you I forget
• 33:22
  it. I, I don't know, I wish.
• 33:23
  You won't. Basically you won't.
• 33:25
  I butchered this this meme reference the other day as well,
• 33:27
  but basically the general gist of it is like you won't have to.
• 33:31
  You won't have to sell your Bitcoin now.
• 33:33
  It's like Bitcoin is gonna be worth the $1,000,000 one day and
• 33:36
  it's like, no, like you won't have to sell your Bitcoin for
• 33:38
  $1,000,000, you just buy. Things, yeah.
• 33:41
  So, but no, I get that dude, that meme is so powerful.
• 33:45
  Opti. Can you pull it up while I show
• 33:46
  the find it anyway, so not all bitcoiners we're happy about
• 33:51
  this. We have beauty on Beauty on is
• 33:54
  the the founder of a stecco, this awesome kind of like self
• 33:58
  custody Bitcoin app. You like buy these vouchers and
• 34:01
  you don't even have to do KYC legally like it's it's really,
• 34:03
  really interesting. Go check out a Steco if you
• 34:06
  have. Here's the meme.
• 34:07
  Here's the meme. But here's the meme.
• 34:08
  It says, what are you? What are you trying to tell me
• 34:11
  that I can seriously trade my Bitcoin for millions someday?
• 34:14
  No, no, Neo, I'm trying to tell you that when you're ready, you
• 34:18
  won't have to like. Yeah, bro.
• 34:19
  Like, it's such a powerful meme. Anyways, here is Beautyon, and
• 34:24
  he says Beautyon's 21 rules for Bitcoin as a total remedy for
• 34:28
  sailors. 21 rules for Bitcoin. Oh, you got to love Bitcoiners.
• 34:33
  One, you don't need to understand Bitcoin to be able to
• 34:36
  use it. I agree.
• 34:37
  Two nobody cares what you are for or against in maths 3 Nobody
• 34:43
  needs to grasp Bitcoin to do what Bitcoin was designed to do
• 34:46
  4 Bitcoin is not powered by chaos.
• 34:48
  Bitcoin is extremely orderly. It is Fiat and evil KYC status
• 34:52
  who are for chaos. Go off king.
• 34:56
  Oh my God beauty on dunking hard. 5 Bitcoin has nothing to
• 35:01
  do with gambling. Bad analogies are anti Bitcoin.
• 35:04
  Six Bitcoin can't protect you 7 No one owns Bitcoin, it is not
• 35:09
  an asset or a coin 8 The price of Bitcoin doesn't matter 9
• 35:14
  Bitcoin is not about winning and losing. 10.
• 35:16
  The Matrix is a science fiction movie, not reality. 11 Computer
• 35:21
  illiterates think knowledge is required to use Bitcoin. 12
• 35:25
  Bitcoin does not destroy models, it enforces them. 13 Orange
• 35:28
  pills are toxic, don't eat them. 14 Status who pretend to be
• 35:32
  Bitcoiners think there is no problem with Fiat.
• 35:34
  They're gravely mistaken. Don't follow them. 15 Bitcoin is
• 35:37
  for everyone on Bitcoin's term, not the status terms. 16 Learn
• 35:41
  how to think. 17 Bitcoin can't change people.
• 35:44
  It is not LSD. 18 Laser eyes on avatars can't make Bitcoin
• 35:47
  change the world. 19 Bitcoin is, excuse me, not a person or
• 35:52
  pronoun it does not need or cannot understand respect. 20
• 35:56
  Sell your Bitcoin when you need to.
• 35:58
  Don't be stupid always. 21 Stretch out with your hate.
• 36:01
  Hate the state. Oh man, gotta love bitcoiners.
• 36:08
  Also, in other news, MicroStrategy boosts its stock
• 36:12
  sale to $700 million to buy Bitcoin.
• 36:15
  So we reported the news, I think it was yesterday or the day
• 36:17
  before, basically that they are using the infinite money glitch,
• 36:21
  leveraging the increased valuation of their stock in
• 36:25
  order to borrow money to buy more Bitcoin.
• 36:27
  They initially made an announcement that they were
• 36:29
  going to do $500 million. Apparently they moved this up to
• 36:33
  700 million. I wish I had an infinite money
• 36:35
  glitch. That would be absolutely
• 36:36
  awesome. And the last news that I want to
• 36:38
  cover today for the week is E US Encryption report finds layer
• 36:43
  Two's private ownership of Bitcoin problematic for law
• 36:47
  enforcement. It goes on to say.
• 36:50
  The report provides a overview prevailing and upcoming
• 36:53
  encryption technologies, including quantum computing,
• 36:56
  Bitcoin and other cryptocurrencies, DNS protocol,
• 36:59
  5G networks, machine learning and artificial intelligence, and
• 37:03
  explores quote, how to uphold citizen privacy while enabling
• 37:07
  criminal investigation and prosecution.
• 37:09
  It is quote, it is vital that relevant stakeholders in the
• 37:12
  justice and Home Affairs domain are aware of these developments
• 37:16
  and are provided with the means to stay on top of these
• 37:19
  technological advancements. Last one member of EU Patrick
• 37:23
  Brayer of the Pirate Party warns that the following push against
• 37:27
  secure encryption comes as a part of renewed push for
• 37:31
  European mass surveillance. Last one brayer also warns that
• 37:35
  European Council has already agreed to green green light
• 37:39
  quote chat control version two point O proposal next week goes
• 37:44
  on to say several sanctions of the encryption report focused
• 37:47
  specifically on Bitcoin and other crypto currencies.
• 37:49
  These include the following experts.
• 37:52
  There are mainly two types of wallets, custodial and non
• 37:54
  custodial. Custodial wallets refer to
• 37:57
  wallets where the user does not hold their own private key, but
• 38:01
  the service does so on behalf of the user.
• 38:04
  This is very common As for example funds stored at
• 38:07
  centralized cryptocurrency exchanges are custodial.
• 38:11
  The phrase not your keys, not your crypto refers to such
• 38:13
  storage. Goes on to say while easy to
• 38:16
  use, there can be risks using custodians.
• 38:19
  As the company holds the private keys, the users have no
• 38:22
  cryptographical control over the funds.
• 38:24
  For law enforcement agencies, this can be beneficial is that
• 38:27
  they can request exchanges and custodian wallets, provide
• 38:31
  providers to freeze and seize cryptocurrency assets.
• 38:34
  It's kind of like what I was referencing in the beginning.
• 38:36
  The reason that governments love banks, the reason that they were
• 38:39
  able to get away with the six one O 2 order is because the
• 38:43
  gold and the money in people's banks are with a custodian.
• 38:47
  There's only a handful of custodians that the government
• 38:51
  has to knock on the door of and say, hey, you know that money
• 38:53
  that you're holding for another guy?
• 38:55
  Well, you can't use that anymore.
• 38:57
  And the custodian, of course they're going to go along with
• 38:59
  it. In fact, you can't even make the
• 39:00
  bet. You can even make the case that
• 39:02
  the custodian is in bed with the government.
• 39:04
  Remember the 2008 financial crisis and all the bailouts,
• 39:07
  right? Those bailouts were for the 12
• 39:10
  larger, I don't know how many banks, but it was like the, the,
• 39:12
  the large mainstream banks. So like, of course they're like
• 39:17
  going to do what the government wants them to do.
• 39:19
  Now, this discussion changes when the custodian becomes
• 39:24
  millions upon millions of individuals thinking freely,
• 39:29
  doing their own research and saying, yeah, like history has
• 39:33
  shown, like the Canadian truckers protest that you guys
• 39:37
  can't even control. Like you guys can't help
• 39:40
  yourselves but to censor speech as the Twitter Files revealed,
• 39:46
  right, that the US government was working with social media
• 39:50
  companies to censor the political discourse of certain
• 39:55
  Americans, right? They can't even help themselves
• 39:58
  but to censor speech. And at the same time they're
• 40:00
  saying, but trust me, bro, we won't do the same with money.
• 40:05
  I'm sorry if we don't trust you like and with, and the trust has
• 40:08
  been broken on a different on, on, on multiple levels, like
• 40:12
  level #1 is we trusted you not to debase the currency.
• 40:16
  You've broken that trust. Number two, we trusted banks to
• 40:20
  hold our money. And they've broken that trust
• 40:23
  multiple times throughout history, right?
• 40:26
  So like the infamous bank runs of the, of the late of the early
• 40:29
  1930s, man, it'd be great to pray like, like you're supposed
• 40:33
  to trust these institutions holding your money, But then
• 40:35
  the, the, the, the incentive structure gets misaligned
• 40:39
  because all of a sudden they're really not incentivized to just,
• 40:42
  you know, die to custody your money.
• 40:45
  And you know, like, no matter what, no one's going to get me.
• 40:47
  They're kind of really incentivized to hold on to their
• 40:49
  job, right? Like who's going to take better
• 40:53
  care of your money but yourself? And that's what they don't want
• 40:55
  you to know. They don't want.
• 40:57
  They planned and they designed this system always to have this
• 41:02
  intermediary, always to have this custodian.
• 41:06
  Why is it my problem that Bitcoin comes along and says,
• 41:10
  you know what? There is no necessity for
• 41:12
  custodians. You can not only can you take
• 41:14
  self custody, you can run the software yourself.
• 41:17
  We're going to talk about nodes are in the culture, right?
• 41:20
  So like, oh, Boo Hoo, like. And again, it's not that it
• 41:23
  stops law enforcement. You can still arrest someone in
• 41:26
  meet space and put them in a box.
• 41:28
  What they're arguing for is they still want those levers of
• 41:31
  control where they can just flick switches and just turn
• 41:34
  people's money off. The era of political money is
• 41:38
  slowly coming to an end. And don't let them psyop you
• 41:41
  into thinking that that's somehow dangerous for society.
• 41:45
  I would say it's more dangerous for society, government to
• 41:49
  retain their power and control over money because that's just
• 41:52
  going to lead to more endless wars, more debasement and more
• 41:57
  human suffering. Full stop.
• 41:59
  Anyways, it goes on to say non custodial wallets refer to
• 42:02
  hardware and software wallets where the users have
• 42:04
  responsibility for their own private key storage.
• 42:07
  This comes with quote great responsibility as a loss of
• 42:10
  private keys means the funds are not accessible anymore.
• 42:12
  Furthermore, sharing or theft of the private key and this is
• 42:15
  where they're trying to scare you.
• 42:16
  It's like lots of responsibility theft can happen, you know,
• 42:20
  don't do that. You want to leave them with
• 42:22
  custodians. Well, you know, one of the
• 42:23
  biggest thefts in human history, one of the biggest thieves is
• 42:26
  the state themselves, right? Anyways, goes on to say a nodic
• 42:31
  phrase is and then it kind of explains all that.
• 42:33
  But anyways, you guys get the general gist of it and you're
• 42:37
  going to continue to see this pattern all over the world as
• 42:41
  Bitcoin continues to be adopted. You're just going to see the the
• 42:45
  elements of of, you know, of the bureaucracy that benefited from
• 42:49
  controlling money, benefited from currency debasement, fight
• 42:53
  this as if their life depended on it.
• 42:55
  And you can make the case it's because it does, right?
• 42:59
  But they're not really acting out of your best interest.
• 43:02
  They're really acting out of the interest of like, we have to
• 43:05
  retain the power of the money printer so that we can continue
• 43:08
  what we've been doing, you know, over the last century.
• 43:11
  And it's been terrible. Like Bitcoin was was born as a
• 43:15
  response to how much they dropped the ball, right?
• 43:18
  Why are we going to go back? I think it's time to try
• 43:21
  something new. So far, the results have been
• 43:23
  incredible, not only for my life, not only for the lives of
• 43:27
  Bitcoiners that have adopted Bitcoin, they've migrated to a
• 43:29
  Bitcoin standard, but you could also like to the life of of
• 43:33
  these public companies that have adopted a Bitcoin standard.
• 43:35
  Look at how, look at how well they've performed to the life
• 43:39
  of, of, of the, you know, shining country on a hill, El
• 43:42
  Salvador. Look at how, how look, look at
• 43:45
  how hard El Salvador is killing it right.
• 43:48
  So like so far and and you you know, what tells me we're over
• 43:51
  the target is how much the legacy media is responding to
• 43:56
  all these institutions killing it like El Salvador is killing
• 44:00
  it. Media was like El Salvador is
• 44:01
  going to burn and then they go to Argentina.
• 44:04
  The IMF goes to Argentina, says Argentina will give you another
• 44:06
  bailout, but you have to de incentivize the adoption of
• 44:08
  Bitcoin. Argentina suffers hyperinflation
• 44:11
  like it all, like, you know, it's like there is a pattern of
• 44:16
  every time you listen to the IMF, things don't go well.
• 44:19
  There's a pattern of not every time, but perhaps a lot of the
• 44:23
  time you listen to the state and they just don't have your bitch
• 44:26
  best interests at heart. I just can't help but to think
• 44:29
  the pandemic over a lot, you know, pandemic and all these
• 44:31
  things, like a lot of the things that they weren't saying, were
• 44:33
  saying weren't true. And then I can't help but to
• 44:37
  think of my lived experience over these eight years that I've
• 44:41
  been in Bitcoin. And I could tell you for a fact
• 44:44
  it's been a very good idea not only to buy Bitcoin, earn
• 44:47
  Bitcoin, but also put that into self custody.
• 44:50
  And I've seen it unproved, not only my life, but the peep the
• 44:53
  lives of the people around me. I don't think I've ever met
• 44:55
  someone that has told me Nico adopted Bitcoin.
• 44:57
  My life is shittier. I don't think I've had that
• 45:00
  conversation before, right? Don't trust me.
• 45:03
  Verify yourself. Check out, check out priced in
• 45:05
  Bitcoin, check out. We've done episodes where we've
• 45:08
  made the case that the American dream isn't dead.
• 45:10
  If you've migrated to a Bitcoin standard, life gets
• 45:13
  progressively cheaper. They want you to live in a world
• 45:16
  where life gets progressively more expensive to benefit them,
• 45:21
  right, To benefit the state, because that's who the benefits
• 45:23
  when they, when they debates the currency.
• 45:25
  And you can save very, very wealthy people as well because
• 45:27
  they own assets. But I would say mostly it's the
• 45:30
  state that benefits. That's how they get away with
• 45:32
  the $1.7 trillion in deficit spending.
• 45:35
  Anyways, I've gone rambling and been on a tangent, but I get
• 45:39
  very passionate when I hear these politicians like, oh,
• 45:44
  it's, it's too complicated. You have to, it would require
• 45:48
  responsibility. It, it stops us from doing our
• 45:51
  job. Like, no, dude, I don't believe
• 45:54
  you. I'm sorry if I don't believe
• 45:55
  you, but that's where I'm at. ANYWAYS, Taylor, what's your
• 45:57
  take on this? You don't start, you know, a a a
• 46:01
  company that makes nodes if you didn't feel very passionate
• 46:04
  about this specific subject. Yeah, absolutely.
• 46:07
  And that was a great rant. I, I, I think it was, you hit on
• 46:12
  a lot of good points there because I, I think it's just
• 46:14
  incredibly wrong for, you know, governments to come in and say
• 46:17
  basically you can't just keep this little tiny electronic
• 46:20
  device in your house. It's not doing anything except
• 46:22
  like holding some savings, right?
• 46:25
  Like I know with the six one O 2 order back in EU s s history,
• 46:28
  they did try and go take gold from people.
• 46:30
  But I, I think looking back at that example, it's easy to say
• 46:33
  that you know, that was wrong, like they shouldn't have done
• 46:36
  that. It it's not right to just go
• 46:37
  decide one day. We don't, we don't think you
• 46:39
  should be able to save money. We're going to go start
• 46:41
  confiscating assets, not because you haven't committed any like
• 46:44
  terrible, awful crimes or anything, or you're about to go
• 46:46
  to prison, but because we just don't want you to have those
• 46:49
  things. And so I, I think a lot of the
• 46:51
  regulations are concerning to a lot of Bitcoin companies.
• 46:53
  Like you said in the intro, there's, I think it was the
• 46:56
  intro that, you know, the US regulatory environment is
• 47:00
  getting a little bit worse. And it has been over the past
• 47:02
  couple of years for a lot of Bitcoin companies.
• 47:04
  A lot of exchanges are, are starting to leave.
• 47:06
  A lot of exchanges are not offering like derivative
• 47:09
  products and other things that, you know, people might want in,
• 47:12
  in terms of, you know, accessing their Bitcoin or doing whatever
• 47:15
  they want with it. I think they're all just sort of
• 47:17
  assaults on freedom. People should be able to do what
• 47:19
  they want, especially with their money.
• 47:22
  And, and I think the government is getting scared that there's
• 47:26
  like valid alternatives out there.
• 47:28
  They're still like tiny compared to what the US dollar is, but
• 47:31
  they've seen the growth over the past 10-15 years.
• 47:35
  And, you know, it's, it's scaring them and they don't like
• 47:37
  it. They don't like people being in
• 47:39
  control of their their own finances and they don't like
• 47:42
  people being sovereign. And so they, you know, are going
• 47:46
  to attack that. And I think it's probably going
• 47:47
  to get worse, very likely. And so, and I think a lot of the
• 47:50
  regulations, even with like a company that builds nodes and
• 47:53
  hardware wallet companies, I think are going to be the ones
• 47:55
  that potentially get targeted next.
• 47:58
  And regulations make it very difficult for them to offer
• 48:00
  their products. Or they get regulated in such a
• 48:02
  way that hardware wallets like are forced to go through some
• 48:06
  sort of like third party exchange.
• 48:08
  Like they could be regulated into saying, you know, you can't
• 48:11
  run your own node. Like if you have a hardware
• 48:12
  wallet, you're forced to transact through a third party.
• 48:15
  So that way there's like sort of a choke point on the spending
• 48:18
  that money or, or transacting, and then it gives them more
• 48:22
  power to regulate even further. And so I, I think there's risk
• 48:25
  to a lot of Bitcoin companies going forward.
• 48:28
  You know, there's, there's going to be challenges and people will
• 48:30
  just have to pay attention and, you know, make very good
• 48:33
  argument to make sure that it's, it's what they're trying to do
• 48:36
  is well publicized so that they don't get away with sneaking
• 48:39
  regulations. And I forget the details, but a
• 48:41
  couple years ago it seemed like that was happening.
• 48:43
  They were trying to sneak a lot of self custody kind of stuff
• 48:45
  into to certain laws that were getting passed.
• 48:48
  And it's and, and a lot of the laws at the time were written
• 48:51
  very, very vaguely. So that's another concern as
• 48:54
  well. Politicians who don't really
• 48:55
  understand the laws they're writing.
• 48:56
  They hear from lobbyists or other people, they go past laws
• 49:00
  and then it's, it's worded in such a terrible way that like
• 49:03
  all self custody might be outlawed, even if they'll say,
• 49:05
  well, you know, we weren't trying to do that, but look what
• 49:08
  happened because of some laws we passed.
• 49:09
  And so I can see, I can see them trying to do stuff like that
• 49:12
  too. So it's concerning.
• 49:13
  We'll have to pay attention and make sure that, you know, those
• 49:16
  kind of things don't don't get passed and that we argue for the
• 49:20
  ability for people to, you know, have access to their own money
• 49:23
  and the money that they choose. Yeah, absolutely.
• 49:25
  Now it's really, really good perspective.
• 49:27
  Opti, what's your take on all this, brother?
• 49:28
  Also shout out to the 1173 of you guys watching live between
• 49:33
  YouTube and X. And shout out to the 50 or so of
• 49:36
  you guys watching live on Rumble.
• 49:37
  If you guys are enjoying the show.
• 49:39
  It really helps with the algos if you smash that like button,
• 49:43
  really tells the algos to push the orange signal forward.
• 49:46
  Opti, what's your take on all this, brother?
• 49:50
  Well, I, I just really want to touch on the last part, even
• 49:52
  though I, I, I could probably rant for like an hour about what
• 49:55
  Beautyon was saying, but I'm, I'm, I'm going to avoid that one
• 49:58
  because I, I love Beautyon ANYWAYS, kind of echoing what
• 50:01
  Taylor was saying and actually you kind of asked like a
• 50:04
  rhetorical question, Nico. And every time I see a
• 50:08
  government or, you know, a banker or politician basically
• 50:11
  fight Bitcoin or say, like, you know, we need, we need
• 50:15
  custodians to hold the Bitcoin and you guys shouldn't be able
• 50:18
  to take your private keys into custody.
• 50:20
  I always hear one thing and it's just the hubris coming out of
• 50:23
  their mouths basically saying like, you're too dumb to control
• 50:25
  your own money. Trust us, bro, Like we know how
• 50:28
  to control your money better. And it's always feels like a
• 50:31
  slap in the face every time I, I, I see stuff and narratives
• 50:34
  and, and rhetoric on that, that vein, because it's really not
• 50:39
  that difficult. Like it, if you can remember a
• 50:42
  phone number, if you can send an e-mail, like you can take your
• 50:44
  Bitcoin into custody. Yes, there's risks that come
• 50:46
  along with it, but you know, when you seek freedom, there is
• 50:51
  always going to be risk. And This is why we're in the
• 50:54
  position we're in right now is because everyone has to come to
• 50:57
  the idea of the nanny state that, Oh, there's always someone
• 50:59
  to protect you versus taking personal sovereignty.
• 51:02
  So anytime I see any legislation, any kind of
• 51:06
  whatever bills or, or even just, you know, propaganda in this
• 51:11
  vein, I'm always just like mad. They literally think they're
• 51:14
  better than us. Like they literally think you're
• 51:15
  stupid and that you can't control your own wealth.
• 51:18
  And this is the stuff that gets me riled up.
• 51:20
  It's like, no, if an 80 IQ Bitcoiner like myself can hold
• 51:24
  Bitcoin and take the keys into cold storage, like anyone can do
• 51:28
  it. And the more they tell us that
• 51:30
  it's hard and it's unsafe, it's the, the more I want it.
• 51:33
  Like I don't want the the bumper.
• 51:36
  What's the thing the bumper lanes from bowling in regards to
• 51:39
  my money. Because that's why we're in the
• 51:41
  position we are right now where they can shut you off the
• 51:43
  banking system, they can cast you off into the wilderness is
• 51:46
  because they have so much control over the money and so
• 51:49
  much control over the society and of course, so much control
• 51:52
  over people's mind share where they're like, you can't do this.
• 51:55
  Trust us, bro, we got this. And really what I want to say to
• 52:00
  the EU is just a simple have fun staying poor.
• 52:02
  Like they just continue to shoot themselves in the foot.
• 52:05
  It's almost most incredible how bad all the legislation coming
• 52:10
  out of the EU is regarding Bitcoin.
• 52:12
  And they, they just, again, whenever I see stuff like this,
• 52:16
  I'm always just thinking like, man, these politicians and these
• 52:18
  bankers really just want to destroy Europe.
• 52:20
  Like I know you're here to protect us, but they, they're
• 52:23
  just constantly working against their citizens.
• 52:26
  And it's, it's almost mind blowing.
• 52:28
  And it really goes back to the last point of beauty on 21 rules
• 52:33
  for Bitcoin. And it's the idea that the state
• 52:35
  makes everything worse. Guys, I don't know.
• 52:37
  I don't know what example we can bring.
• 52:39
  There's plenty of them. But anytime the state gets
• 52:42
  involved, did they make things worse?
• 52:44
  Because they're not out here to protect you.
• 52:46
  All they're doing is trying to stuff their own pockets.
• 52:48
  So as Beauty on said, you know, neuter the state, let the hate
• 52:52
  flow. Make sure you understand what is
• 52:54
  going on and the state hates you.
• 52:56
  It is what's that? What's that mean?
• 52:58
  It's not rest red versus blue. It is orange and it's the state
• 53:02
  and it hates you. No, it's you.
• 53:04
  You guys know it's it's you versus the state and the state
• 53:06
  hates you. All that good stuff.
• 53:08
  But this is what we want to do here.
• 53:09
  You want to take back personal sovereignty.
• 53:12
  And the more they try to bubble wrap the world, the more they
• 53:14
  try to bubble wrap Bitcoin, the more I know I'm in the right
• 53:17
  place and I'm like, I, I don't need your protection.
• 53:19
  I, I'm OK. I'm an adult.
• 53:21
  Yes. I might not be the brightest,
• 53:22
  but I can control my own wealth. Thank you very much.
• 53:25
  You guys got us in this position in the first place.
• 53:28
  Yeah, I mean, I think the state doesn't want to lose control.
• 53:29
  They've gotten a lot more over the past 40 years with digital,
• 53:33
  like U.S. dollar transfers, right?
• 53:35
  Like people used to sort of hold like physical stock certificates
• 53:37
  or physical bonds or physical gold.
• 53:40
  And I think as things have gotten digitized, the
• 53:42
  government, just, the state ended up with a lot more control
• 53:44
  because everything was digital. And so now they're they're
• 53:47
  finally seeing alternatives. And, you know, they're not super
• 53:50
  happy about losing control. They've had it and they don't
• 53:52
  want to lose it. It boils down to that.
• 53:55
  And I, I just, I, I, I hate how they hate the strong word, but I
• 53:59
  just, I strongly dislike how they try to gasp and just be
• 54:02
  like, Oh, it's for your protection versus like we tried
• 54:07
  that for many years. Like you guys have totally
• 54:10
  abused that trust. And now like they're, they're
• 54:13
  coping and they're basically, oh, it's going to require
• 54:15
  responsibility and you might lose your stuff.
• 54:18
  And like, you know, they're telling you all these things,
• 54:20
  but I, I'm sorry, I just, I don't trust them.
• 54:22
  Or anyways, I do want to give a shout out to.
• 54:24
  And by the way, guys, and, and I know the reaction of a lot of
• 54:28
  our viewers would be like, Nico, what are you talking about?
• 54:30
  Like the banking system has been relatively stable.
• 54:32
  OK, So what I, what I would respond to that is like you, OK,
• 54:36
  Congrats. You have a country that has a
• 54:38
  relatively stable financial system.
• 54:41
  The vast majority of the world doesn't have that privilege,
• 54:44
  right? So of course we live closest to
• 54:49
  the money printer. Like if you live in the US or
• 54:51
  you live in the Western world, you have a relatively stable
• 54:53
  Fiat currency. And because it's relatively
• 54:56
  stable, you know, they're able to kind of do the shenanigans in
• 55:00
  the background. And you know, things are they
• 55:02
  give the appearance that it's stable until it's not, right?
• 55:06
  With Bitcoin, it doesn't matter where you are.
• 55:08
  You can now earn in a, in a, in a currency that's not only
• 55:12
  stable, but it's going to go up. And you know, it goes up in
• 55:14
  value. It's Infinity divided by 21
• 55:16
  million anyways, I don't wanna give a shout out to the orange
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  application. All right, everybody, let's hit
• 55:56
  the culture and talk to Taylor. The daily culture.
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• 56:42
  All right, So Taylor, we, we teed this up before the show and
• 56:47
  I knew we were gonna get the question in the chat.
• 56:50
  So teeing you up perfectly from the chat, we got Mateo and he
• 56:53
  goes. Can you guys go deeper into
• 56:55
  nodes? Many people still don't know
• 56:56
  everything you can do with a node and how sovereign you
• 56:59
  actually become. So I guess let's just start,
• 57:02
  we'll start with the basics. Why do people need to run a
• 57:05
  node? Or rather, why do you think they
• 57:06
  should run a node? Yeah, absolutely.
• 57:08
  I think the best way for me to describe it is a node is a
• 57:11
  direct connection to the Bitcoin network.
• 57:14
  And starting from there, you can build on top of it and build so
• 57:17
  much further, but it's your direct connection to Bitcoin.
• 57:20
  Early on, everyone that ran Bitcoin Core as their wallet had
• 57:23
  that. But as the blockchain has gotten
• 57:26
  larger, it's not as feasible for everyone to run a full node just
• 57:29
  on their PC. You can't just download Bitcoin
• 57:31
  Core and in 10 minutes be up and running with a Bitcoin wallet.
• 57:34
  So it's a little more challenging now that that and it
• 57:36
  it, there's a little bit more responsibility, I guess, with
• 57:40
  running a full node and being able to transact without the use
• 57:44
  of a third party. So starting with that, like
• 57:47
  direct connection to the Bitcoin network, that used to be easy.
• 57:49
  It's a little more challenging. So you have to kind of run a
• 57:51
  node and most people choose to run it on a separate small, like
• 57:55
  tiny PC or a Raspberry Pi or something like that.
• 57:58
  They can start with that and then connect all the other
• 58:00
  Bitcoin wallets they have to that.
• 58:02
  So it could be, you know, a Lightning wallet that's on your
• 58:05
  phone. It could be a Lightning wallet
• 58:07
  or a Electrum on your PC. They all connect back to your
• 58:10
  node and that way that node can power all of the Bitcoin wallets
• 58:14
  that you might want to be using. And so now all of those
• 58:17
  transactions, all of those funds are not going through a third
• 58:20
  party that can, you know, either shut it down or just just
• 58:25
  monitor the transaction. You don't want people monitoring
• 58:28
  all those transactions. Like I said earlier, you don't
• 58:30
  really want to provide visibility and like no sane
• 58:34
  person wants everyone in the world to be able to like just
• 58:36
  look at their checking account, savings account, whatever they
• 58:38
  have every day. People would feel like that's an
• 58:41
  invasion of privacy, which it would be.
• 58:43
  And so to be able to get those advantages with Bitcoin, you
• 58:45
  have to do a little bit of work. You need to not keep your
• 58:49
  Bitcoin on an exchange, first of all, and second, run a node and
• 58:53
  then have all of your transactions and wallets be
• 58:56
  connected to that for for transacting.
• 58:58
  And so I think a lot of people have gotten better about this
• 59:02
  over time. But even back in the day, a lot
• 59:04
  of people would be like, well, I'll just run Electrum and I'll
• 59:06
  connect to some public Electrum servers out there, but you're
• 59:10
  losing a little bit of privacy when you do that.
• 59:12
  And two, there have been issues in the past.
• 59:15
  It was maybe six years ago now, but I mean, there was a an issue
• 59:19
  where you could actually get tricked into losing funds by
• 59:22
  relying on these public Electron servers.
• 59:24
  And people thought that was safe because hey, it's, it's a
• 59:27
  Bitcoin connection. You're not, you're not really
• 59:29
  going through a third party sort of they, they didn't see it that
• 59:31
  way. And so they realized that
• 59:33
  malicious Electron servers could actually respond back with an
• 59:36
  error code that said, hey, you're out of date.
• 59:38
  Click here and go download a new version of Electron.
• 59:42
  And people would click that link, but it was a bad link to a
• 59:44
  malicious server. And so I think that, and that
• 59:47
  was because of trusting public nodes, Electrum servers that
• 59:51
  were out there, because you had been trusting them, they were
• 59:54
  able to respond to you with bad, bad information and it tricked
• 59:57
  people into downloading the, the infected wallet and people lost
• 1:00:02
  funds because of it. So I think that just highlight,
• 1:00:05
  it's been a long time since that issue, but it highlights the
• 1:00:07
  importance of you want to know what you're running, you want to
• 1:00:10
  understand the code you're running by going with, you know.
• 1:00:14
  Your own node and you can look at what versions of code are on
• 1:00:16
  there. You can audit it, you can go
• 1:00:18
  look at what's running and really understand it and then
• 1:00:21
  you know you're you're in control at that point, you're
• 1:00:23
  not sort of just placing your trust in the hands of someone
• 1:00:27
  else and you know you can be in a little bit more control beyond
• 1:00:30
  that, other advantages are you can start running all kinds of
• 1:00:33
  other really cool applications and I think that was a big
• 1:00:35
  reason people started liking my node originally.
• 1:00:39
  You, you got Bitcoin Core and you got Lightning, but beyond
• 1:00:41
  that, there's so much stuff out there that people can do with
• 1:00:44
  Bitcoin. There's, you know, 40-50
• 1:00:47
  hundreds of apps at this point probably that you can run that
• 1:00:50
  tie in really closely with your node.
• 1:00:52
  They could be lightning wallets, they could be block explorers,
• 1:00:54
  they could be all these other things that, you know, you can
• 1:00:57
  run and I think people were interested in.
• 1:00:59
  But early on, a lot of people in Bitcoin were, you know, computer
• 1:01:03
  science engineers and they could go run it themselves.
• 1:01:06
  But as Bitcoin started expanding to more and more people, the
• 1:01:09
  advantages of all those apps were apparent to people who
• 1:01:11
  weren't engineers. And so I think a big reason
• 1:01:14
  people started getting into my note early on was because they
• 1:01:17
  saw this value that they didn't want to go spend hours and days
• 1:01:20
  and tons and tons of time tweaking all the settings and
• 1:01:24
  installing and manually running every little app that they
• 1:01:27
  wanted to run. And so you can just kind of get
• 1:01:29
  it all in a package. And from there, you can kind of
• 1:01:31
  find what your interests are. You can, you know, get into, I
• 1:01:35
  don't know, like looking at block explorers or doing more
• 1:01:38
  advanced things with lightning that that you might want to get
• 1:01:42
  into. And so I think my, my node
• 1:01:44
  provides just a fantastic platform for sort of being that
• 1:01:48
  starting point and getting you into Bitcoin and getting you
• 1:01:50
  into Bitcoin quickly so that you don't have to go spend, you
• 1:01:53
  know, a couple years of learning about engineering before you can
• 1:01:56
  really start getting into Bitcoin because your goal is to
• 1:01:58
  get into Bitcoin. And so we wanted to make sure
• 1:02:01
  that it was really easy for people to do Bitcoin stuff
• 1:02:04
  without having to also be an engineer and understand computer
• 1:02:07
  science and programming and how to set all this up.
• 1:02:09
  And and so we wanted to provide that value to large groups of
• 1:02:12
  people and make it as easy as possible.
• 1:02:15
  Love it, love it. OK.
• 1:02:17
  Taylor, can we talk on the idea that we were chatting about
• 1:02:20
  before the show that you are kind of framing it like there's
• 1:02:23
  levels to becoming a Bitcoiner and like taking those baby
• 1:02:27
  steps. And maybe if you're just getting
• 1:02:30
  in the Bitcoin, you probably don't want to run out and buy a
• 1:02:33
  node right now. Maybe there's some baby steps to
• 1:02:35
  go to that process. But the final stage is run your
• 1:02:39
  own node, take Bitcoin into custody and all that good stuff.
• 1:02:41
  So will you elaborate a little more?
• 1:02:43
  Yeah, absolutely, absolutely. And so I think that a lot of
• 1:02:46
  people get into Bitcoin and they just hear about it and they
• 1:02:49
  might start doing a little bit of research.
• 1:02:50
  And that's sort of what I consider the first level.
• 1:02:53
  The the next level is when people sort of realize they want
• 1:02:56
  to buy, they run off to an exchange and they go just click
• 1:02:59
  buy and they have a little bit of Bitcoin and they're primarily
• 1:03:03
  into it because they see, you know, the US dollar number and
• 1:03:06
  it, you know, it's going up and it's increasing.
• 1:03:08
  And that's sort of the second level.
• 1:03:10
  People have Bitcoin, but it's on an exchange.
• 1:03:12
  The third level is they realize, hey, like there are some real
• 1:03:15
  advantages to Bitcoin behind the scenes that isn't just about
• 1:03:19
  making more money. It's about sort of taking
• 1:03:21
  control. It was what we were talking
• 1:03:22
  about sort of in the last segment.
• 1:03:24
  It's about taking control of your money and sort of it being
• 1:03:27
  something that is really truly yours.
• 1:03:29
  You're not relying on third parties.
• 1:03:30
  It is your savings. And it can't be inflated away.
• 1:03:34
  It can't be, you know, someone can't just go click a button and
• 1:03:37
  print 10 million more Bitcoin one day.
• 1:03:40
  And I think that's the situation most people live in with their
• 1:03:42
  Fiat currency. They can be in a situation
• 1:03:44
  where, you know, they're in a or in a country where they're
• 1:03:47
  experiencing hyperinflation and it's just awful for the people
• 1:03:50
  in that country. And so Bitcoin provides a really
• 1:03:52
  good alternative for them to be able to save money.
• 1:03:56
  And so people can can get that Bitcoin on an exchange.
• 1:04:01
  But then I think the next level beyond that is really where you
• 1:04:04
  start seeing the value and you can provide advantages in like I
• 1:04:07
  think in Kathy Woods example, the what was it like?
• 1:04:12
  They're sort of like other emerging market sort of
• 1:04:15
  currencies. I think that was, that was kind
• 1:04:17
  of the one I was talking about where it can really start
• 1:04:19
  helping people in these like emerging markets.
• 1:04:22
  But in a lot of those cases, they need to be able to have
• 1:04:25
  control of their Bitcoin themselves.
• 1:04:27
  Because in, in some of those countries, Bitcoin might not be
• 1:04:29
  legal right now. And I've heard stories, you
• 1:04:32
  know, of people, they'll start running a small minor and even
• 1:04:34
  if it's making, you know, $0.50 a day or a dollar a day or
• 1:04:37
  whatever it was five or six years ago, that's a lot more
• 1:04:40
  money and a lot more purchasing power than they could be getting
• 1:04:43
  with their Fiat currency while they're experiencing
• 1:04:45
  hyperinflation. So, you know, Bitcoin is
• 1:04:47
  providing alternatives, like real alternatives to people in a
• 1:04:50
  lot of these emerging markets. And I think that's fantastic to
• 1:04:53
  see. It's amazing to see what, what
• 1:04:55
  Bitcoin is able to do in, in helping people that are
• 1:04:58
  experiencing like financial problems.
• 1:05:01
  And then right beyond that, though, once you have cold
• 1:05:04
  storage or control of your Bitcoin, that's when you should
• 1:05:07
  be interested in running a node because that's when it's going
• 1:05:09
  to provide you advantages. If Bitcoin is on an exchange,
• 1:05:12
  running a node isn't going to provide you any advantage.
• 1:05:14
  But once you've taken control of it and you've started learning
• 1:05:16
  about the fundamentals of Bitcoin and why there are these
• 1:05:19
  underlying advantages, at that point, run a node, keep going
• 1:05:22
  further, you know, down the rabbit hole and you know,
• 1:05:25
  there's, there's a lot more to learn there.
• 1:05:26
  There's a lot of apps and stuff that you can run and you know
• 1:05:30
  you can continue learning. Love it, love it.
• 1:05:33
  OK, Taylor, let's let's talk about my node in general.
• 1:05:35
  So we did get a few questions in the chat.
• 1:05:37
  One was, how long does it take to sync an Electrum Rust node on
• 1:05:41
  this? And maybe you can talk about the
• 1:05:43
  actual hardware that's on the Model 2.
• 1:05:48
  And then someone asked, is my node fully Foss yet?
• 1:05:51
  So there's a lot of stuff to unpack there, but take it where
• 1:05:54
  you want. Yeah, sure.
• 1:05:55
  So I'll start, I'll start with the products.
• 1:05:58
  So we have two products right now.
• 1:06:00
  We have the physical model 2. That's everything you need.
• 1:06:03
  You'll get it shipped to you, you know, buy that and you'll be
• 1:06:06
  up and running. Then we have a premium which
• 1:06:10
  would be software only. And so you can buy minor premium
• 1:06:14
  for $99. Right now we have a sale going
• 1:06:16
  on, I think it's $15 off and it that goes through the rest of
• 1:06:19
  the weekend. If you you'd have to click on
• 1:06:24
  buy now and then you'll probably see the sale price.
• 1:06:26
  But with the premium software you can buy, you can build your
• 1:06:29
  own device. You can build it on whatever you
• 1:06:30
  want. It can be a Raspberry Pi four or
• 1:06:32
  Raspberry Pi five. You know an old laptop, you can
• 1:06:35
  run it on a server, you can run it on APC.
• 1:06:37
  There's a lot of flexibility in how you run it and you can get
• 1:06:40
  started for free. You don't you don't have to
• 1:06:41
  purchase the software if you want to try it out, download the
• 1:06:44
  software, install it, get up and running, decide you like it and
• 1:06:47
  then upgrade to premium to get access to support and get access
• 1:06:51
  to a few extra additional apps that are, you know, within the
• 1:06:55
  the software. But if if you're looking to just
• 1:06:58
  get up and running as fast as you can, then, you know, buy the
• 1:07:01
  model 2 and that you can plug it in and use your web browser on
• 1:07:04
  your PC to access the interface and you'll be up and running
• 1:07:08
  without having to go assemble everything yourself.
• 1:07:10
  So those are kind of the two options there on fully Foss.
• 1:07:14
  Not yet. Right now there's basically
• 1:07:16
  still a restriction that you can't resell it, but other than
• 1:07:19
  that, do what you want, but you can't take it and resell it as
• 1:07:24
  effectively what the license is currently.
• 1:07:26
  We've looked at changing that. We might change it.
• 1:07:27
  We probably will at some point in the future, but as of right
• 1:07:31
  now it's basically a do what you want except resell.
• 1:07:35
  And then I think there was a question on how long it takes.
• 1:07:38
  To yeah, yeah. So you can add that with, like
• 1:07:40
  we were talking with Nico before the show, that it's no longer
• 1:07:43
  running on a Raspberry Pi. You got a new Intel chip.
• 1:07:46
  So what's that do for the specs of running the node?
• 1:07:50
  And then how long does it take to sync a node?
• 1:07:52
  Because someone in the chat's like man I'm I'm losing my hair
• 1:07:54
  right now syncing another node. Yeah, So absolutely, that's a
• 1:07:57
  that's a really good question. So I think there's a few
• 1:08:00
  different sync stages. They're syncing just the
• 1:08:02
  Electrum server part, which is a little faster than they're
• 1:08:04
  syncing the whole Bitcoin blockchain, The Raspberry Pi 4,
• 1:08:08
  which is still probably the most popular, but only because that
• 1:08:11
  was around the longest. The most users are running
• 1:08:14
  Raspberry Pi Four, I think is probably the way I should say
• 1:08:16
  it. That probably takes like a week
• 1:08:18
  now in an optimal network environment to sync.
• 1:08:20
  It's not, it's not quick anymore.
• 1:08:23
  So our hardware has shifted away from the Raspberry Pi.
• 1:08:25
  We no longer sell Raspberry Pi 4 based device.
• 1:08:27
  That was what we called the Model one.
• 1:08:29
  Now we only sell the Model 2, which is an Intel based
• 1:08:31
  platform. It's a lot faster.
• 1:08:33
  I think it was about five times faster when we had measured it
• 1:08:36
  and we're first releasing it and it can sync in about a day.
• 1:08:40
  That does depend on your network, though, and sort of
• 1:08:42
  the, the peers that you end up getting when you when you start
• 1:08:45
  syncing. So if you sync over Tor, that
• 1:08:47
  might go a little slower. If you have a really good
• 1:08:49
  Internet connection and you sync over, you know, clear net, just
• 1:08:51
  your normal like IP network, that will that can take about
• 1:08:56
  like 24 to 36 hours. But again, it can depend on like
• 1:09:00
  your, your network and how it's set up, but it's much, much
• 1:09:02
  faster. And then in terms of syncing
• 1:09:04
  Electron server, that sync happens after Bitcoin sync has
• 1:09:08
  completed and it, it starts once you enable electron server.
• 1:09:11
  And on a, a Raspberry Pi four, that would take like a, a a day
• 1:09:15
  or two. Now I think would probably be
• 1:09:17
  about the time I haven't tested recently, but on a faster like
• 1:09:20
  the Intel based Model 2 we have, that should happen like probably
• 1:09:23
  in a few hours. It's drastically faster on some
• 1:09:27
  of the newer, more powerful hardware like the Model 2 that
• 1:09:30
  we sell. Love it, absolutely love it.
• 1:09:34
  Someone in the chat was saying they asked about the team and
• 1:09:37
  and I told him in the chat, it's basically just you and they're
• 1:09:39
  like, he deserves a Bitcoin for this.
• 1:09:41
  So kudos to you bro. And then for for the audience, I
• 1:09:46
  always are rather sorry for our guest.
• 1:09:47
  I always ask you, what's the last two sets you want to leave
• 1:09:51
  for the audience? What's the last message?
• 1:09:52
  You could be about running a node, It could be a life.
• 1:09:54
  Bitcoin in general. What's the last message you want
• 1:09:56
  to leave? Well, I would say, you know, buy
• 1:10:00
  Bitcoin, move it to cold storage and run a node.
• 1:10:04
  Bars, Bars. Couldn't agree more.
• 1:10:06
  Couldn't agree more. Yeah, man.
• 1:10:09
  Anyways. Already got Friday we got to.
• 1:10:11
  Get to the meme review we're going to.
• 1:10:12
  Do it in 6 minutes we'll do it in 6 minutes.
• 1:10:14
  Let's we're going to do 5 minute meme review bro it's click it's.
• 1:10:17
  Click What do we OK, All right. Relate to the meeting that is
• 1:10:21
  Opti's fault. That is not my fault.
• 1:10:23
  All right, everybody, this is Opti's Friday meme review.
• 1:10:25
  Let's check it out here. We.
• 1:10:27
  Go Opti's Friday meme review. They can wait on us at the
• 1:10:37
  meeting. All right, guys, you already
• 1:10:38
  know that. Oh, Nico, left, left to go to
• 1:10:40
  the meeting. OK.
• 1:10:41
  All right. I'm here.
• 1:10:42
  I'm here, OK. All right, guys, you already
• 1:10:45
  know the deal. This is the Friday meme review.
• 1:10:47
  You guys ask about it every Friday.
• 1:10:49
  You yell at me when I don't get it on the show because we're
• 1:10:52
  running along and we got other things going on besides the live
• 1:10:54
  show, but you already know the deal.
• 1:10:57
  Tweet to the bullets. Memes are the artillery.
• 1:10:58
  You guys are frontline soldiers in the trillion dollar psyop
• 1:11:02
  campaign against the truth. So continue to propagate the
• 1:11:05
  memes, continue to spread the truth, continue to get the cause
• 1:11:08
  of action out there. And then, of course, continue to
• 1:11:11
  ridicule the corporate press, the politicians, the central
• 1:11:13
  bankers and their ilk. And of course, if you're new
• 1:11:16
  here, guys, we're going to review the memes.
• 1:11:18
  And then once we review them, drop your meme review score in
• 1:11:22
  the chat. We'll read a couple of them as
• 1:11:24
  we wrap up the show. OK, so first one is by Bitstack
• 1:11:27
  P and it goes, it is on hashtag Bitcoin.
• 1:11:31
  And you can see we got a boxing match here.
• 1:11:33
  And we got a Bitcoiner on the left with the Bitcoin gloves and
• 1:11:36
  we got The Dirty Fiat system on the right with the green
• 1:11:41
  stroller logo on the gloves, orange versus green guys.
• 1:11:44
  And someone in the chat corrected me on on the meme.
• 1:11:47
  It's it's not red versus blue. It's the state and it hates you.
• 1:11:52
  That's the real meme. OK, this next one is by
• 1:11:56
  excelion, AKA Sampson Mount. He goes available capital verse
• 1:12:00
  available capital. And I absolutely love this
• 1:12:02
  because I'm going to follow it up with another meme that's
• 1:12:04
  really great. So you can see, you know,
• 1:12:06
  available Bitcoin here is a little small black triangle
• 1:12:09
  here. And we have the Bitcoin market
• 1:12:12
  and then we have the available capital in all of the markets
• 1:12:16
  needing to funnel into Bitcoin in the available Bitcoin on the
• 1:12:19
  exchanges and soon to be mine Bitcoin, as we say here all the
• 1:12:24
  time, there may not be enough Bitcoin at this price because
• 1:12:27
  we're not going to sell, but hey, the price goes up.
• 1:12:29
  People are going to be incentivized to sell anyways.
• 1:12:31
  Next meme is by James Lavish. And I think this is a good
• 1:12:35
  visual of what's going on right now.
• 1:12:37
  We have, you know, this is the sun with what's this like a is
• 1:12:42
  this a planet or a little, little sunspot here?
• 1:12:46
  And it goes institutions, which is the institutional demand and
• 1:12:50
  then Bitcoin shorts. And as you can tell, it is no
• 1:12:53
  match for the institutional demand.
• 1:12:55
  OK, next one. We've been talking about this
• 1:12:57
  one on today's show, which, you know, sometimes I'm like a
• 1:12:59
  wizard when it comes to these memes.
• 1:13:01
  I just picked the right ones. We got AKA at BBC breakdown on
• 1:13:04
  Twitter. And he goes, there are two kinds
• 1:13:06
  of people, someone that is drowning in the Fiat system and
• 1:13:10
  then us bit corners that are just floating on top, living a
• 1:13:12
  good life, enjoying life, you know, meaning eating good,
• 1:13:15
  getting fit, all that good stuff.
• 1:13:17
  So next one is by Sly Goomba on Twitter.
• 1:13:20
  And I I love this one. I'm sure you guys are seeing
• 1:13:21
  variations of this this one on Twitter recently.
• 1:13:24
  I don't even know where the meme originally comes from, but I'm
• 1:13:27
  seeing a lot of them recently and Bitcoin.
• 1:13:30
  I just go silent fiatist. A bitcoiner is talking.
• 1:13:34
  I'm sure this is how we feel every weekend when they're like,
• 1:13:36
  hey, did you guys? Did you guys catch the game last
• 1:13:38
  night? Hey, that's cool bro, but like,
• 1:13:40
  did you did you see the news about ex celebrity?
• 1:13:43
  Anyways, next meme is by at huddle XX hold.
• 1:13:48
  And this is for all the newbies out there.
• 1:13:50
  Do not get sideswiped by the shit coin influencer.
• 1:13:53
  So we got a fresh and army another girl.
• 1:13:55
  She's smiling while while the guy is on a playing the guitar.
• 1:13:59
  He's he's serenading her and this guy's a shit coin
• 1:14:03
  influencer and zooming in. He's not doesn't even know how
• 1:14:07
  to play the guitar. OK, this is exactly what's
• 1:14:10
  happening. If you're listening to the shit
• 1:14:12
  coin influencers. And this next one shows the best
• 1:14:14
  knock. He's in the chat.
• 1:14:16
  He he's he's like, yo, I need to get my meme on the show.
• 1:14:19
  So anyways, he goes meme for my mestizo at Hottamish field and
• 1:14:24
  he's got some screenshots of my tweets here and it goes fake
• 1:14:26
  money goddess here. You cannot reason with the
• 1:14:29
  ideologically insane. And then we have Niko here.
• 1:14:32
  Looking back, what you're seeing is information narrative trench
• 1:14:35
  warfare and me right here with the opti hat.
• 1:14:38
  Let's go, let's go and this last one is by M in our telegram
• 1:14:41
  group. And I don't know where this came
• 1:14:43
  from, but you know, anytime I get a chance to roast Niko on
• 1:14:45
  the show, you know, I take it. So we got before Bitcoin and
• 1:14:48
  this guy kind of looks like Niko.
• 1:14:49
  I I don't know who this guy is to be honest, but it shoves out
• 1:14:52
  the UM and then after Bitcoin it is Nico long hair with a beard
• 1:14:56
  looking all disheveled. Okay, all right, all right
• 1:15:02
  anyways, guys, drop your meme review score in the chat as we
• 1:15:06
  cover ours live and we will review them on that note, Nico
• 1:15:11
  is back. All right, all right, I'm going
• 1:15:13
  to give it my one of one anti Fiat money club, which I think
• 1:15:17
  shirt which I think I'm going to re redesign and I want to change
• 1:15:21
  it to anti Fiat money gang, but I'm these these are just for me.
• 1:15:25
  So sorry guys, I'm going to. Give it a big point.
• 1:15:27
  Well, hat that's my score. OK, OK.
• 1:15:31
  Taylor, give those memes. I think I'm running down on the
• 1:15:33
  score. The score is a meme in itself.
• 1:15:35
  Or you can do a throwback one through 10 what whatever you
• 1:15:37
  want to do. On all of them overall or?
• 1:15:42
  You know, oh, you can pick one, it doesn't matter.
• 1:15:45
  Oh man, I don't know. They were good.
• 1:15:46
  I don't know, eight. I I love the available Capital
• 1:15:49
  One. I I don't know, it just yeah,
• 1:15:51
  like a really cool perspective. That one was like, yeah, nice.
• 1:15:53
  Like I, I want. To scored solid score OG score.
• 1:15:56
  I like OG score. All right, everybody drop your
• 1:15:59
  meme score in the live chat and if we if we have time, we'll
• 1:16:03
  get. Through it, we'll get to it.
• 1:16:05
  So I do want to pull up the first one by Rich BC the amount
• 1:16:09
  of Friday meetings Opti cancelled without Nico knowing.
• 1:16:12
  That's a great score Opti Bustardo poor son of dad.
• 1:16:16
  Opti fields one Bitcoin for Taylor 69 knacks for Opti very
• 1:16:20
  good Soshi Satoshi. My meme score is a Russian
• 1:16:24
  submarine off the coast of Florida and the American US the
• 1:16:28
  US Air Force parading around our tax dollars in response.
• 1:16:31
  Shooting at the submarine. This no memes score petition to
• 1:16:35
  make Nico embark on a on a on a lock journey.
• 1:16:40
  Matthew Ji give the memes one simply Bitcoin hat that lowered
• 1:16:43
  my time preference for finally having one SpongeBob
• 1:16:47
  SquarePants. I give the memes 10 Bitonomics
• 1:16:51
  next one. Phil CI give the memes one
• 1:16:53
  Bitcoin stable coin and we got Planet Earth.
• 1:16:57
  I give the memes Orange Man for the orange coin.
• 1:17:01
  Lightning Goats. I give the meme a review of a
• 1:17:03
  handful of goat pellets. Very good score Elaine.
• 1:17:07
  When Nico stops memes, Opti comes apart at the seams.
• 1:17:10
  Opti is our meme protector for all Who would be a Bitcoin
• 1:17:14
  protector. Memes live on.
• 1:17:16
  Simply OK. Let me see.
• 1:17:18
  Let's let's do. Hunter gun.
• 1:17:21
  Yeah, yeah, that. That's why.
• 1:17:22
  All right, we're going to rumble here and we got Narwhal tacos.
• 1:17:26
  And he goes. I give those memes my samurai
• 1:17:28
  node, which is a lifeless break right now.
• 1:17:32
  Bullish, bullish. All right everybody, that was
• 1:17:35
  simply Bitcoin live for June 14th, 2024.
• 1:17:37
  Hope everyone has an amazing weekend.
• 1:17:39
  Make sure to smash the like button consider subscribing.
• 1:17:41
  I'm your host, Nico, as my legendary Co host Optimus Fields
• 1:17:44
  and our guest for today, Taylor, and we'll be back on Monday for
• 1:17:47
  another episode of Simply Bitcoin Live.
• 1:17:50
  Peace out, everybody. This episode was brought to you
• 1:17:54
  by bitcoinwell.com on a mission to enable independence.