Latest / Simply Bitcoin / BREAKING: FEDERAL Bitcoin Stockpile Begins in 3 days!? | EP 1163
Transcript
- 0:00Yo, today we received more confirmation that President
- 0:04Trump is about to create a Bitcoin strategic reserve in
- 0:09three days time. We all know about the number of
- 0:13executive orders that were going to be set into motion, but there
- 0:17is this breaking news article coming out of the New York Times
- 0:23and also Bloomberg confirming what we have been theorizing
- 0:27over these last couple weeks, that Trump is really serious
- 0:32about this strategic Bitcoin reserve.
- 0:35And I'm telling you guys, and I've been saying this for many
- 0:38weeks now, if we get a strategic Bitcoin reserve in the United
- 0:42States in 2025, I would not be surprised at all if we saw half
- 0:48a million or $1,000,000 Bitcoin because that's exactly when we
- 0:52see massive nation, nation state FOMO set in.
- 0:57Also, that's just on the federal level.
- 0:59On the state level, Dennis Porter has really been moving
- 1:02this initiative forward where many states, including the state
- 1:06of Texas, the state of Pennsylvania, the state of Ohio,
- 1:09there was rumblings that the state of Florida is looking into
- 1:12it as well, that they were also all looking into a strategic
- 1:17Bitcoin reserve. And that's only the United
- 1:19States. This is a worldwide phenomenon.
- 1:22You have politicians coming out of Brazil.
- 1:24You have politicians coming out of Germany, even Russia talking
- 1:28about strategic Bitcoin reserves.
- 1:31So it looks like and the Poly market odds have gone on
- 1:35significant significantly since the drop of these two articles.
- 1:39So I mean like in three days time, in three days, January
- 1:4420th, we're going to see potentially Ross Albrecht being
- 1:47freed and Bitcoin taking, you know, growing up, entering a
- 1:53whole new level, which is extremely exciting from the
- 1:57number go up perspective. We also have a jam packed show
- 2:01for you guys. We have special guest.
- 2:04We have James from stamp seed. We have the legendary Gary Gary,
- 2:08Gary Leland from Bit Block Boom, my legendary Co host Optimus
- 2:13Fields and of course the legendary James from Stamp Seat.
- 2:17I repeated James twice, but that's OK.
- 2:20All right everybody, let's go straight into the article.
- 2:23What am I talking about, guys? It's so funny because like two
- 2:26or three days ago, I mean like two or three months ago, the New
- 2:29York Times was not our friend and now the New York Times is
- 2:33dropping articles like this one. The headline for our audio
- 2:37listeners is quote, A first day Trump order a federal stockpile
- 2:43of Bitcoin. It goes on to say a pair of 50
- 2:47page policy proposals laying out the plan in detail.
- 2:51Discussions about the specifics with president-elect Donald J
- 2:55Trump and his advisors in talks with cabinet nominees about how
- 2:59to pay for it. On the eve of Mr. Trump's
- 3:02inauguration, the cryptocurrency industry is pushing his incoming
- 3:06administration to execute an audacious plan that would have
- 3:10seemed unimaginable just a year ago a government program to buy
- 3:15and hold billions of dollars in Bitcoin.
- 3:19As he campaigned last summer, Mr. Trump vowed to create a
- 3:22quote federal Bitcoin stockpile that would serve as a permanent
- 3:27national asset to benefit all Americans.
- 3:30Bitcoin enthusiasts hailed the idea as potentially
- 3:33transformative, claiming that it would help reduce the national
- 3:36debt. Mr. Trump could still abandoned
- 3:39the plan, and the details are under the bait.
- 3:41But industry executives have spent weeks lobbying to shape
- 3:45the proposal, raising hopes that Mister Trump might act soon
- 3:50after taking office. Also at Michael Saylor's 100K
- 3:55party live stream, David Bailey, the owner of Bitcoin Magazine,
- 4:01actually had some things to say in regarding Trump owning
- 4:04Bitcoin. You know, Trump told me before
- 4:07all of this went down that, you know, he owns a significant
- 4:12amount of Bitcoin. I'm not going to disclose the
- 4:13number that he told me, but you know, he doesn't manage his
- 4:18money himself directly, but that he had a significant position at
- 4:23even at that time. And the price of Bitcoin has
- 4:24gone up a lot since. So, you know, you're right, it's
- 4:29all it's all about creating alignment.
- 4:30It's all about creating alignment.
- 4:31And you know what's Bitcoin changes the dynamic where you
- 4:37know what's good for Bitcoin is good for all of us.
- 4:40And what's good for Bitcoin is the fundamental ideas of
- 4:44freedom. So it's like.
- 4:47Also check out this article from Bloomberg.
- 4:50Trump plans to designate cryptocurrency as a national
- 4:54priority Executive order expected to create a crypto ad
- 5:00adversary. No, that's.
- 5:02Advisory. Advisory.
- 5:03Thank you Opti. This is why Opti's here and I
- 5:05couldn't do the show by myself. Council Trump allies are
- 5:09discussing stopping federal crypto.
- 5:12Yeah, that's weird. That said, stopping.
- 5:14Anyways, I'm going to read a little bit from the article.
- 5:16president-elect Donald Trump is planning to release an executive
- 5:19order elevating crypto as a policy priority and giving
- 5:23industry insiders a voice within his administration, according to
- 5:27people familiar with the plan. The order is expected to name
- 5:30crypto as a national imperative, or priority strategic wording
- 5:35intended to guide government agencies to work with the
- 5:37industry, according to people familiar with the matter.
- 5:40It is also slated to create a crypto Advisory Council to
- 5:46advocate for the industry's policy priorities, said the
- 5:49people, who requested anonymity to discuss an executive order
- 5:53that is not yet public. Now, what's quite interesting
- 5:56again is the release, the releases of these articles come
- 6:00out around the same time, right on the verge of Trump being
- 6:05inaugurated, on the same date the New York Times article was
- 6:08released and the Bloomberg article was released.
- 6:11And if we are to believe David Bailey and I, I don't see why we
- 6:15are not believing him. He did get Trump to show up in
- 6:19the Nashville conference. He's saying that in private
- 6:22conversation. He's confirmed that Bitcoin,
- 6:26that Trump owns a lot of Bitcoin.
- 6:28So now we have Bitcoin and crypto allies going into the
- 6:32administration. It seems like everything is
- 6:35lining up now. Mara, one of the largest
- 6:38publicly traded Bitcoin mining pools did this right and they
- 6:43were also caught at a fundraiser for for Trump during the
- 6:48election. They were seen America
- 6:50executives were seen at Mar A Lago and they dedicated a block
- 6:55of which they found and they made it essentially a picture of
- 6:59Trump on 47 right on block 879613.
- 7:05If you check it out on mempool dot space you'll see a picture
- 7:08of Trump that they organized the blocks to make it seem so.
- 7:11So it seems like a lot of industry insiders are excited
- 7:15and also Michael Saylor. Michael Saylor was was seen
- 7:20January 2nd, 2025 at Mar a Lago. Trump's what he what people
- 7:26called the winter White House in Palm Beach.
- 7:29And sailor says Bitcoin is on the menu at Mar a Lago.
- 7:33And if you take a look at the betting market odds, we had a
- 7:36big a little bit of a spike yesterday reached an all time
- 7:38high of 44. Not an all time high, but it
- 7:41reached a high of 44 set up 44% probability.
- 7:46It's back down to 38% probability.
- 7:49But essentially the question is will Trump create Bitcoin
- 7:53reserve in first 100 days? So I mean, this is absolutely
- 7:58massive. Those two new articles from
- 8:01Bloomberg. Those two the, the, the article
- 8:03from Bloomberg, the article from New York Times really confirming
- 8:07that Trump is serious about, you know, obviously changing the
- 8:11regulatory environment for the Bitcoin industry.
- 8:14But it looks like he's serious about creating this Bitcoin, the
- 8:18strategic Bitcoin reserve, which of course is going to be
- 8:21extremely bullish from a price perspective.
- 8:25Anyways, I want to go around the horn, James, what are your
- 8:28thoughts? And then we'll move on to Gary
- 8:29and then Opti. Wow, Yeah, I mean, obviously
- 8:33it's going to be very my thoughts. 2025 is going to be a
- 8:35great year for Bitcoin, mainly because of the strategic Bitcoin
- 8:38reserve. And I'm just, you know, first
- 8:40100 days I'm anticipating when it's going to happen.
- 8:43Like I was talking with a couple people yesterday and we were
- 8:45like, is it going to happen day one?
- 8:48Where? I don't know.
- 8:48I mean, I doubt it. I I certainly hope not.
- 8:50I need some time to stack more sats, you know, cheap sats
- 8:53before that happens. But, you know, it's something
- 8:56that he promised, he's been promising for a while now and,
- 9:00you know, just expecting it to, to happen.
- 9:02But yeah, I'd really, yeah, I don't think much one way or the
- 9:06other. If it happens, great.
- 9:08I feel like Bitcoin's inevitable, regardless if if it
- 9:10doesn't happen, I won't be too upset.
- 9:12Like I said, I have more time to to stack those sats up.
- 9:15So regardless, you know, keep your Bitcoin safe throughout
- 9:20either scenario. And we'll just have to wait and
- 9:22see what happens Monday, if anything, and then the days
- 9:24after that. Absolutely, it's, it's going to
- 9:27be, it's going to be an interesting, it's going to be an
- 9:29interesting year, 1st 101st, 100 days of the Trump
- 9:33administration. Anyways, Gary, you've been in
- 9:36Bitcoin for quite a long time. We have come a very, very long
- 9:41way as an industry. And also one of the things I'm
- 9:44very excited about, which I think should happen in the next
- 9:4710 days or so is the the freedom of Ross Ulbricht, which I think
- 9:53is a huge deal. Gary, what are your, what's your
- 9:55take? Well, first of all, I do want to
- 9:57say if you were in Nashville and you saw Trump speak, it just was
- 10:03funny the way he said it. Remember when he said the first
- 10:05rule of Bitcoin? You don't sell your Bitcoin.
- 10:09Someone didn't tell him the second rule, you don't tell
- 10:12people how much Bitcoin you have.
- 10:16Tell him that. Well, I think, you know, from
- 10:19what I've seen and, and I'm not an expert by any means, but it
- 10:22looks like he's got like 100 executive decisions.
- 10:25He's going to do executive things.
- 10:27He's going to do the first day. If that's true, I would think
- 10:31that is the time that he would free Ross because there's going
- 10:35to be so much going on. No one's going to be paying
- 10:37attention to that and giving them static about that.
- 10:39So get that out of the way. So I'm thinking he's going to
- 10:42free Ross first day and I think he's going to start the Bitcoin
- 10:45reserve on the first day. There's going to be with 100
- 10:48executives, executives things that's the most any president's
- 10:52done. There's going to be so many
- 10:54things for people to complain about that they don't like that
- 10:57it's going to be nothing to throw those in there.
- 11:00So I, I think we're going to have, I think those odds are
- 11:03pretty off to me because I, like I said, I think it'd be first
- 11:06day and I think we'll also be free first day.
- 11:09It's incredibly exciting and I agree.
- 11:10I, I once, I, once I saw those two articles and something that
- 11:14I've learned making media for this long is that it, it's not
- 11:20a, it's not a coincidence that a Bloomberg article and a New York
- 11:24Times article dropped the same time, the same day, basically
- 11:29saying the same, roughly the same thing.
- 11:31That's not a coincidence. Somebody is clearly trying to
- 11:33send a message and again, this is very, very bullish for number
- 11:38go up. Opti.
- 11:40What is your take here, man? I mean, like we've come a long
- 11:43way, man. Six months ago we were talking
- 11:45about moving to El Salvador. The self custody was under
- 11:49attack. The industry was under attack
- 11:51with Operation choke .2 point O Bitcoin mining was under attack.
- 11:55And look, it seems like, you know, within 6 to 9 months, you
- 12:00know, it seems like the US is going to go from hostile to
- 12:03Bitcoin to pro Bitcoin. And one of the things that I'm
- 12:06going to keep saying is elections have consequences.
- 12:09Opti, what's your take? Yeah.
- 12:11Well, I think on that last point, just kind of considering
- 12:15where we were at the beginning of 2024 and where we are in
- 12:182025, the conversation has gone such a long way and you know,
- 12:23part of it is extremely bullish. Obviously, it's extremely
- 12:26bullish to have this national slash global conversation around
- 12:31Bitcoin and SBR, etcetera, or even taking Bitcoin seriously.
- 12:35And so on that front, it's it, it really feels like that meme
- 12:39of, you know, you're going to you're, what do you say?
- 12:42Like you're going to win so hard, you're going to get tired
- 12:44of winning or whatever. In Bitcoin, it always feels like
- 12:46you're winning. And I, I tweeted earlier kind of
- 12:49joking. I have a power of interpreting
- 12:51all new information as bullish for Bitcoin.
- 12:53So it's all bullish for Bitcoin. And it really, it really does
- 12:56seem like the dominoes are falling.
- 12:58And on that same front, I think, you know, it is very important
- 13:02to stay cautious and you know, a game theory, this outlook for
- 13:06the attack vectors and all that. It's not enough to just be
- 13:08bullish constantly. It's also to kind of keep your
- 13:11head on a swivel. And I I think it's important for
- 13:13bitcoiners to stay skeptical and low key paranoid on on this
- 13:17front. But there was something in that
- 13:19article that we didn't fully get, actually the first one, the
- 13:21New York Times article. And we've been hearing this
- 13:24rumors, I think all week. We've kind of been covering this
- 13:26a very similar news story. But I think the big kahuna in
- 13:29that article is this quote here. So this is somewhere down the
- 13:33New York Times article and it goes asked to comment for this
- 13:35article, Brian Hughes, a spokesman for Mr. Trump
- 13:38transition team, said the president-elect will, quote,
- 13:41deliver on his promise to encourage American leadership in
- 13:44crypto and other emerging technologies.
- 13:47So others are probably AI, etcetera.
- 13:49But I think this is kind of the trend we've been seeing for the
- 13:53last couple of weeks that promises made will be promises
- 13:55kept. And so I know a lot of
- 13:57bitcoiners are skeptic on Trump. He's a politician, he's a
- 13:59grifter, etcetera, etcetera. But just the fact they're
- 14:02talking about all this stuff, I think it's super, super bullish.
- 14:05And of course, we'll see on Monday or maybe it's, you know,
- 14:08Tuesday. I, I was, I was kind of trolling
- 14:10with Nico earlier. Which one's day one?
- 14:11Is it inauguration Day or is it the following day?
- 14:14Because if it's the following day, the world's going to
- 14:16fundamentally change on January 21st, which is, you know, a wink
- 14:21from the simulation. Is it a coincidence?
- 14:23I don't know. But it would be pretty glorious
- 14:25if a lot of these executive orders came through on the 21st.
- 14:29I'm not sure if Inauguration Day is day zero and the 21st is day
- 14:32one, but Nico was kind of telling me day one is
- 14:34Inauguration Day. So we'll see what these
- 14:36executive orders do or rather are and if they get pushed
- 14:40through. But the big three, kind of what
- 14:42Gary was saying that I think are kind of on the table considering
- 14:45all the recent news and leaks we've been seeing is obviously
- 14:49free. Ross, day one.
- 14:50He's been saying that for the last six months to something in
- 14:54regards to the SBR happening. And with this New York Times
- 14:58article in the Bloomberg confirmation, it seems like
- 15:00maybe that's going to get started and we'll figure out
- 15:03what's going on with all of the Seas Bitcoin, whether that's
- 15:06just going to get converted into a strategic Bitcoin stockpile or
- 15:10yeah, remember it's a strategic Bitcoin stockpile here.
- 15:12It's on the strategic Bitcoin reserve.
- 15:14But third is the repealing SAB 121.
- 15:17So if these are the executive orders that we see on day one, I
- 15:22mean, I don't know how you could be bearish on Trump right now.
- 15:25Like to me, that's, that's all bullish stuff playing out in our
- 15:28favor. And I, I think all the people
- 15:31that are still anti Trump, I think you're going to have to
- 15:34bend the knee on this one, boys. I think this is a huge win for
- 15:36Bitcoin. Sorry guys I I don't make the
- 15:39rules here but this all sounds extremely bullish for us.
- 15:42Absolutely. Go ahead.
- 15:47I think Gary just said huge. Oh yeah, Gary said.
- 15:49Huge, huge, huge, huge, huge. Guys, if you guys are enjoying
- 15:55the show so far, and it seems like you, you are because we're
- 15:57about to break 2000 live viewers across all platforms, almost 600
- 16:01live viewers on YouTube already at 120 likes.
- 16:05Help us break 200 likes within the first half hour of the show.
- 16:10I mean, that's too bearish. 250 likes.
- 16:12So if you guys are enjoying the, the, the show so far, make sure
- 16:17to smash that like button really, really helps with the
- 16:21algos. All right, everybody, before we
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- 18:07Alright everybody, let's get to the numbers.
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- 19:54At the time of recording, the Bitcoin price is 104,420 Block
- 19:59height 879,663 Sats per Dollar 958 Market cap 2.07 Trillion
- 20:08Bitcoin versus Gold Market cap 10.96% Percentage issued 94.36.
- 20:14Percent decline from all time high -3.5% Realized monetary
- 20:19inflation. We got 1.07% and the grand
- 20:25scheme of things were just getting started.
- 20:26Anyways, I wanted to address this because this was breaking
- 20:29news from yesterday. It seems like there's some
- 20:33skeletons in the closet. Here is the Bitcoin senator from
- 20:37Wyoming says the Biden administration declared war
- 20:41against digital assets. Now it's our job to win.
- 20:45So here is here's the official press release.
- 20:49Lummis demands FDIC immediately halt destruction of Operation
- 20:54Choke .2 Point O materials. And here is the actual letter
- 20:58itself. This is from Senator Lummus's
- 21:01office to Chair Grunberg. I guess they're the head of the
- 21:06FDIC. It goes on to say I have been
- 21:09contacted by FDIC whistleblowers who allege that destruction of
- 21:13materials is occurring with respect to the digital asset
- 21:16activities of your agency. I have also been informed by
- 21:20whistleblowers that staff access to these materials is being
- 21:23closely monitored by management to prevent them from being
- 21:26supplied to the Senate before they can be destroyed, and that
- 21:30certain staff have been threatened with legal action to
- 21:33prevent them from speaking out. This is illegal and
- 21:36unacceptable. You're you are directed to
- 21:39ensure your staff cease and desist destruction of all
- 21:42materials and end all retaliatory actions immediately.
- 21:48You're further directed to preserve all existing materials
- 21:51including documents, communications, electronic
- 21:54information and metadata relating to the FDI CS digital
- 21:58asset activities since January 21st, 2022 that may be
- 22:02responsive to the Senate Banking Committees oversight
- 22:05prerogatives in the coming months.
- 22:08Now here is Nick Carter. Nick Carter was originally the
- 22:10one who wrote the paper covering Operation Choke Point 2.0.
- 22:14Here is some of his commentary regarding this this this
- 22:19breaking news. So Senator Lummus says she has
- 22:22been contacted by FDIC whistleblowers regarding
- 22:26Operation Choke Point 2.0 demands preservation of all
- 22:29materials, including those relating to Silvergate and
- 22:32Signature Bank shutdowns. A lot of people were theorizing
- 22:36that those banks weren't necessarily going to go out of
- 22:39business. In fact, the Biden
- 22:41administration did some things in the back end that made them
- 22:45go out of business because they were so friendly and did
- 22:49business with the Bitcoin industry.
- 22:53He goes on to say threatens criminal referrals if
- 22:55destruction of records is on earth.
- 22:58Gloves are off. Interesting also that she also
- 23:01says refusals to share materials, confidential
- 23:04supervisory information doctrine are immaterial.
- 23:08FDIC staff must be in absolute shambles at the moment.
- 23:12Almost shed a tear reading this to be honest with you.
- 23:15Justice is coming. We fought 2 years now for the
- 23:18truth and we're finally going to get it.
- 23:23I mean, like this is crazy. It's a little bit of a
- 23:26vindication Opti, is it not? I mean, we, we've been covering
- 23:30this news for quite a while. We went from thinking like, oh,
- 23:33they're just not educated on the matter.
- 23:35They just don't know any better to like this seems like they're
- 23:40attacking our industry on purpose.
- 23:43The proposed 30% Bitcoin, the proposed 30% tax on Bitcoin
- 23:48miners, the attack on self custody, the arrest of many men,
- 23:53many leading exchange entrepreneurs.
- 23:57I know a lot of them are are part of shit coin casinos and
- 24:00not like CZ and Arthur Hayes. But again, when banks do the
- 24:06same thing they accuse CZ and Arthur Hayes of, they get fines.
- 24:10When people from our industry do it, they go to prison.
- 24:13So there's a little bit of a double standard there, of
- 24:16course, Elizabeth Warren using the attacks in Israel to like
- 24:21propagate this narrative using the Wall Street Journal
- 24:23basically saying that Bitcoin was being used to money, to
- 24:28launder money for terrorists. Now, we did the research
- 24:32regarding that, regarding that claim.
- 24:34And the truth is that the vast majority of illicit finance is
- 24:38done within the traditional financial system.
- 24:40So I don't think it's about money laundering.
- 24:43I don't think it's about, you know, preventing crime as they
- 24:46claim. I think it has to do with the
- 24:48fact that they want a central bank digital currency and they
- 24:51don't want competition for a central bank digital currency.
- 24:55So they're trying to create a monopoly.
- 24:56They're trying to create a place where people had to use the CBDC
- 25:01because that was the only thing that was available to them.
- 25:03So I'm really glad of the election results.
- 25:06Obviously, I think it's going to be really bullish for the price,
- 25:09really bullish from a regular regulatory perspective, but I
- 25:12think we're going to find out about how bad Operation Choke .2
- 25:17point O was and what the government was doing in in the
- 25:21background that we weren't aware of because supposedly the
- 25:24government supposed to be transparent when it comes to
- 25:28policy. Why are they, why are they
- 25:30destroying documents? Why, why are they destroying
- 25:33documents if they have nothing to hide, if they feel they
- 25:36didn't break the law and, you know, they're following the
- 25:39regulations, why do they want to destroy communications?
- 25:42Why? What's going on back there,
- 25:44right? I think that if those documents,
- 25:47you know, come to light, I think we're going to see a lot of
- 25:50things there that they did that confirm without a shadow of a
- 25:54doubt they did not want the Bitcoin industry to succeed in
- 25:57the US. Because me and Opti went for
- 26:00nine months to the point that I got upset with Opti because Opti
- 26:03said, Nico, they have Trump Derangement syndrome.
- 26:06I'm like, no, dude, we have to stay neutral to the point that
- 26:09when they arrested the Samurai wallet developers for writing
- 26:14code, that's the day that I lost it.
- 26:17I said, you know what, gloves are off.
- 26:19We have to get behind RFK. We have to get Trump because our
- 26:23industry potentially is in danger from a regular regulatory
- 26:28perspective in the United States.
- 26:29Anyways, Gary, what are your thoughts on this?
- 26:32We'll pass it on to James and then Opti.
- 26:34Well, number one is I don't understand how government
- 26:37officials who are working for us think it's proper to hide
- 26:42information for us. I don't understand why the JFK
- 26:45files are still private. I don't understand why a lot of
- 26:49things are private and we don't have access to.
- 26:51I'm sure I can see why we wouldn't be given the names of
- 26:54spies and stuff like that, but banking, industry information,
- 26:59information, this should all be open to us.
- 27:01They should not be keeping secrets from us.
- 27:03We hire them basically to go in and represent us and do things
- 27:09for us and then they go do things and then they don't tell
- 27:12us what they're doing. And then they, in this case
- 27:14destroy things because they never want us to know what
- 27:17they're doing. I I'm confused on that.
- 27:19Why do they get into working for us, the people, if they don't
- 27:23believe in weed people? 100% I think that I think that's
- 27:27spot on. And I, I agree with you, Gary, I
- 27:30think and, and I don't think it could ever be a government of we
- 27:34the people. As long as the government has
- 27:36the ability to print money. I think as long as the
- 27:38government has the ability to print money, it's a government
- 27:40by the government for the government.
- 27:42They're not really incentivized to do good by the people.
- 27:44So I think that assessment, Gary, was absolutely spot on.
- 27:47Why they had we are paying their salaries.
- 27:50These, you know, these are government employees.
- 27:52They're supposed to be working for us.
- 27:54Why they destroying the evidence?
- 27:56Like what's going on there? James, what's your opinion?
- 27:59Yeah, I mean, I just, it boils down to rules for thee, not for
- 28:02me, right? Like they are.
- 28:04I'm used to this sort of thing. Like when I see something like
- 28:07that concealment of the evidence for, you know, Operation 2.2
- 28:11point O, it's just par for the course.
- 28:13You know, I expect that to be hidden.
- 28:15And then I expect them to say potentially something like, you
- 28:17know, we're doing this for national security.
- 28:19This could be perceived the wrong way, but really the right
- 28:22way, right? Like if you're hiding something
- 28:24and you know, there's blaring evidence, obviously that looks,
- 28:26you know, terrible. And it's just exciting to see
- 28:30that we're going on the polar opposite of that now.
- 28:32And like, as you say, elections have consequences where all this
- 28:36stuff will come to light and be out there.
- 28:38And we're moving towards SPR and crypto or Bitcoin friendly
- 28:45government, you could say. So you know, it's, it's I guess
- 28:49what's the darkness is coming to light, right?
- 28:51Everything is going to come to light and it'll be interesting
- 28:53to see the reasons why these things were hitting or what
- 28:56really went down, which O .2 point O because it's, it's not
- 28:59like a confirmed operation, right?
- 29:04It's it's not really confirmed. It's kind of like a shadow
- 29:06operation and it'll be nice to see it come to light with pure
- 29:10evidence. 100 percent, 100% I'm, I'm again like, it's not going
- 29:14to be surprising what, what, what we find because it, it's,
- 29:18it became so apparent that obviously, you know, they were
- 29:22taking a political stance with all their policies, all the
- 29:25things that was, was, were being done by the DOJ.
- 29:28The arrests of people again, the, the, the menacing, the
- 29:34information or, or, or press releases that were coming out of
- 29:37the FBI, the demonization of self custody, the invention of
- 29:40terms like unhosted wallet, right.
- 29:43You know, I'm, I hope that this is all coming to an end very,
- 29:46very soon. Opti, what's your take on this
- 29:49man? I mean, what are we going to
- 29:50find in these documents if they come to light, if they're not
- 29:53all destroyed by the by the time Trump gets sworn in?
- 29:57Well, considering where the trend is going, we won't learn
- 30:01anything new because the documents are going to be
- 30:03destroyed. So you know, no, no, no,
- 30:07allegedly, allegedly. No, I'm.
- 30:10I'm kind of trolling, but half serious.
- 30:12My my take on this is essentially remember where we
- 30:16can actually I want to piggyback off what James said.
- 30:18You know, we're seeing that everything comes to the light.
- 30:22You know, we're starting to see hopefully for a lot of people
- 30:25out there, I think bitcoiners, we've kind of already known this
- 30:28for a long time just how corrupt the system actually is.
- 30:30But hopefully we're we're starting to turn the page here
- 30:33and more people are starting to wake up to how corrupt the
- 30:36system actually is. And maybe, you know, obviously
- 30:39operation truck .2 point O in itself is not going to be that
- 30:43watershed moment that like defining moment here.
- 30:46But I think we are starting to see more and more evidence and,
- 30:49and more and more data points to prove just how corrupt things
- 30:53are. And hopefully in the in the
- 30:54short term, people start to wake up just how bad the system
- 30:57really is. And I say all that to
- 30:59essentially said, remember where we started with the choke .2
- 31:03point O story in 2024? It came out though, or rather
- 31:06they were saying publicly the narrative was, oh, we are not
- 31:09doing this, This is not the case.
- 31:12You know, we're not fighting the Bitcoin industry, you know,
- 31:14we're for technological advancement, etcetera, etcetera,
- 31:17etcetera. And then slowly but surely the
- 31:20data kept coming out. There was more debanking, there
- 31:23was more evidence to prove the opposite.
- 31:25And by the end of the year, it came out that Operation Choke
- 31:27Point 2.0 was in fact a real thing.
- 31:30And now we're getting to the point that what, 2-3 days, a
- 31:33couple of days before Trump is about to assume office, they're,
- 31:38you know, destroying the communications in regards to
- 31:41Operation Choke .2 point. You know, I don't know, as a
- 31:43Bitcoiner, it is just, it's, it's not something new.
- 31:47I wouldn't say it's the straw that breaks the camel's back,
- 31:50but it's just more, more of the same.
- 31:52And it might not, it might surprise like not at all.
- 31:55It just it really is a slap in the face to the American
- 31:58population and everyone out there.
- 32:00And if they are awake and they are paying attention more and
- 32:03more of this data coming out of just how corrupt the system is,
- 32:07how untransparent the system is. This is the stuff that should be
- 32:11radicalizing people. It's like the meme, you know,
- 32:13like who radicalized you and it's like you did with all of
- 32:16this crazy stuff you guys are doing.
- 32:18So it started that Operation Choke .2 Point O wasn't a thing.
- 32:21It turned out that it was. And now they're destroying the
- 32:25communications around Operation Choke .2 Point O.
- 32:27You know, where there's smoke, there's fire.
- 32:29And this is not a good look for anyone involved in Operation
- 32:33Choke .2 Point O or anyone in these institutions.
- 32:35This is this is absolutely corrupt politicians, corrupt
- 32:39institutions and it just goes to show that the people in power or
- 32:42are absolutely terrified of Bitcoin being proliferated
- 32:46amongst the masses. If you adopting Bitcoin of you
- 32:49trying to protect your purchasing power, it absolutely
- 32:51terrifies the people close to the money printer.
- 32:54And that's all the signal I need to just continue to go down this
- 32:57route and continue to stack Bitcoin and continue to talk
- 32:59about Bitcoin because whatever scares the people in power right
- 33:02now, you do more of that as far as I'm concerned.
- 33:05So continue to stack Bitcoin, continue to talk about Bitcoin,
- 33:09continue to expose the system. And as James was saying, you
- 33:13know, Bitcoin has a way of exposing the truth.
- 33:15And here we are. It's another example of this.
- 33:18And so, man, it's obviously it feels good.
- 33:21It's a good little dopamine rush.
- 33:22It's like, yeah, we were right. Remember, Nico, we were right.
- 33:25We were right. This is vindication early in
- 33:282025. Absolutely, 100% man.
- 33:32It's yeah, I'm I'm excited to see these, these documents.
- 33:36And again, like you said, you use the word who radicalized
- 33:40you? I mean, like it is, is it, is it
- 33:42really like, I'd like to, to to tie in what, what Gary was
- 33:46saying earlier. Is it really, really radical for
- 33:48you to ask like, again, the government is supposed to work
- 33:52for you, right? I would say that these actions,
- 33:56by alleged actions, right? If the destruction of documents
- 34:00is taking place, I would say those actions are radical.
- 34:04I think what we're asking for is like normal government.
- 34:08I think this is supposed, this is the way that things are
- 34:11supposed to be done. So I don't, I wouldn't say we're
- 34:13radicalized. I would say what they were doing
- 34:16was radical and why else would you want to destroy documents
- 34:20allegedly right so anyways guys we're going to hit the news so
- 34:23we'll be right back we're going to talk about how to protect
- 34:27your Bitcoin seed words. There was a tragic fire that
- 34:30happened in California, 10,000 homes burnt to the ground.
- 34:34Again, like we tell you guys all the time, paper is not a good
- 34:39idea to to write down your generation of wealth.
- 34:42You want to do it properly. And I think stamp seed
- 34:45definitely allows you to do that.
- 34:47And then and during the culture segment, we're going to be
- 34:49talking about bit block boom. It's going to be one of the best
- 34:53Bitcoin conferences of the year. It's my personal favorite, holds
- 34:57a very special place in my heart.
- 34:59That's where me and Opti met in person for the first time.
- 35:02And we're going to talk about bit block boom today during the
- 35:05culture. So guys, stay tuned.
- 35:06We will be right back. I want to give a very special
- 35:10shout out to our sponsor Compass Mining.
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- 36:06I want to give a shout out to our sponsor foundation.
- 36:09It's self custody done right. They've built a premium grade
- 36:12hardware wallet called Passport right here in the US, and it
- 36:16integrates seamlessly with their free app called Envoy.
- 36:20Passport is fully open source and verifiable.
- 36:23It's the most intuitive Bitcoin wallet design with a UX
- 36:26reminiscent of a classic feature phone, so you'll know how to
- 36:30navigate it and use it the moment you pick it up.
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- 36:59All right, everybody, this is Opti and Opti is not holding a
- 37:02phone. He's holding a passport by
- 37:05Foundation Devices. Not your keys, not your keys.
- 37:08You want to take self custody. If you've used promo code
- 37:11simply, it won't get you Opti, but it will get you a discount
- 37:14to the passport by Foundation Devices.
- 37:18Guys, take self custody of your Bitcoin.
- 37:20If not not someone else is taking custody of your Bitcoin,
- 37:23but it's not your Bitcoin if someone else is taking custody
- 37:25of it anyways, so I do want to talk about this absolutely
- 37:29tragic what is happening. Here's our boy Anders, fellow
- 37:35Bitcoiner, very well known in the Bitcoin community.
- 37:37And unfortunately he was one of the victims of of this, of this
- 37:41tragic fire that happened. And wow, Gary, you're right.
- 37:46It seems like the washing machines and the and the chimney
- 37:49are the thing that's crazy. But yeah, this is, this is
- 37:52horrible. It what happened in in
- 37:55California. And I called, I called Andrews
- 37:57and I said, dude, like, I hope you're OK.
- 38:00He's fine. Apparently it wasn't his house.
- 38:02It was a, it was a rental property and all his Bitcoin is
- 38:05OK as well. So and of course, you know, he's
- 38:08fine. He's safe.
- 38:10And yeah, this is, and I, I can't imagine all the people
- 38:15too, like it's 10,000 homes I believe were burnt down that,
- 38:20you know, were potentially Bitcoiners, right?
- 38:22So here's some of the latest information.
- 38:25Largest LA wildfires have not grown in five days, so it seems
- 38:28like they're contained. Here's some more pictures.
- 38:31All these houses on the beach again, just completely kind of
- 38:34burnt to the ground. Yeah.
- 38:36Absolute tragedy. Horrible.
- 38:39What happened again, it happened in a very, very populated area
- 38:44in Los Angeles. And some of these are not fully
- 38:48contained yet and some of these are still ongoing happened in
- 38:51multiple, multiple places. So yeah, I mean absolute tragedy
- 38:55what happened, man. And, and it sucks, but I do want
- 39:00to, I do want to talk about this because again, if you take self
- 39:08custody, you have your Bitcoin in your home, if you usually buy
- 39:13a hardware wallet, they come with paper like, and you write
- 39:18down your 12 or 24 words on that piece of paper.
- 39:21Problem is paper is not only prone to water damage, it's also
- 39:26prone to fire damage, which is exactly why here at simply we
- 39:31recommend Stamp Seed. They're awesome.
- 39:34The stamp seat is titanium and we actually we're doing the
- 39:37math, the quick maths. Before the show, wildfires
- 39:41apparently burned between 1400 Fahrenheit to 2100 or 20 two
- 39:472200 Fahrenheit in Celsius. For our European audiences at
- 39:51800 Celsius to 1200 Celsius, the melting point of titanium is
- 39:583000°F. So obviously there's a there's
- 40:03almost 1000° buffer there. So you know that your seed words
- 40:07are going to be okay. Now, I don't recommend picking
- 40:10up the stamp seed after it's been put in that fire.
- 40:15Don't recommend that, but at least you can be sure that you
- 40:19know it, it, it, it could survive these types of
- 40:21tragedies. And this is something that you
- 40:23have to think about because self custody, you have to change your
- 40:27mindset. You have to change the way you
- 40:29look at the storage of your wealth because you're the one
- 40:32responsible. There isn't a 1800 number to
- 40:34call and say, hey, look, this is what's happening.
- 40:38You have total responsibility of your wealth, which comes with a
- 40:41ton of benefits, but it also requires a ton of
- 40:45responsibility. So James, I mean, like we were
- 40:49talking about this earlier on in the week.
- 40:52Some I, we got multiple questions and comments
- 40:55throughout the week regarding this.
- 40:57Some people were saying how, how would I have found the seed?
- 41:00Let's say I did have a stamp seed and for whatever reason,
- 41:04God forbid, my house burnt down. How could I have found the
- 41:07stamps? Like how could I have found the
- 41:08seed? So what are what?
- 41:10What are some of these, you know, potential precautions that
- 41:14people could take to protect themselves from natural
- 41:18disasters? James, the floor is yours.
- 41:20Yeah, sure. So First off, you know, Start
- 41:23Out Park goes out to everyone affected by these fires.
- 41:26I can't imagine what that situation could be like.
- 41:28And it hits a little more closer to home when it happens to
- 41:31people you know, of in the industry, you see what they're
- 41:34going through. Like following Anders along with
- 41:37that whole, you know, wild ride, you know, it's pretty crazy, but
- 41:42obviously you don't want to make things worse for yourself.
- 41:44And everything that you mentioned is important, right?
- 41:46But having a your Bitcoin honesty plate that's fireproof
- 41:50is extremely important for regular old house fires.
- 41:54You know, that could happen. It's more common than a wildfire
- 41:56and obviously wildfires too. But specifically to the
- 41:59wildfire, it brought some things to light for me where it's like,
- 42:03OK, a lot of these people weren't able to get back to
- 42:05their house or if they were able to get back to their house,
- 42:08they're looking at a pile of rubble.
- 42:09So in these situations, it's, it's, it's a unique opportunity
- 42:12where we could look at it and be like, OK, how would I be able to
- 42:14find my Bitcoin in that situation?
- 42:16And I think there's a few best practices that you could do to
- 42:20ensure that that's possible. 1, you know, there's, it's funny,
- 42:25if we look at that picture, you know, washer machines, chimneys,
- 42:27things that are lasting, you could look at what's standing
- 42:30still, what's available, and maybe there's a way to hide your
- 42:33seat plate and something like that.
- 42:35Another good option would be to bury it underground, right?
- 42:37If you find a specific landmark in your backyard, maybe it's a
- 42:41tree, maybe it's, you know, 10 feet, 20 feet off of where your
- 42:43pool is. You could simply bury it
- 42:45underground just the way it is. And it's not going to corrode
- 42:48or, you know, be affected by moisture or anything like that.
- 42:51And one thing I heard of, well, we actually worked with like a
- 42:55professional treasure hunter metal detector to give us some
- 42:58best practice for hiding the plate.
- 43:00One thing he recommended was to, you know, bury, you know, take a
- 43:03hole, put your seat plate in the ground and then fill it with
- 43:06four inches of dirt. Let's say say you dig, you know,
- 43:082 feet, fill it with four inches of dirt and then just start
- 43:10layering like cans, nails, other pieces of metal in there.
- 43:13So 1 you can identify where it is.
- 43:16You know, it might be hard to find that landmark after
- 43:18destructive fire. 2, if anyone else decides to do the same
- 43:22thing like an adversary, right? They're trying to look for your
- 43:24plate. They might become discouraged as
- 43:26they keep digging in. They're just coming up with
- 43:27coffee cans and you know, random pieces of junk metal stuff that
- 43:30they aren't looking for. So those are some ways you could
- 43:34keep it in. That's, that's for like a single
- 43:35cig situation, right? You have your single cig, all
- 43:38your, all your eggs are in one basket.
- 43:40You have to make sure you can get it when you get back to that
- 43:41house. You might have to wait it out a
- 43:43long time to be able to get back to your ass.
- 43:45I know a lot of people in Maui are still not able able to get
- 43:47to to their homes after those fires.
- 43:49So there's some other options out there that, you know, we
- 43:52obviously provide and there's other people out there that do
- 43:54so too. You could obviously do multi sig
- 43:57if you are geographically separating your plates in
- 44:00different areas, you are not prone to having them all burnt
- 44:02up or inaccessible, rather inaccessible due to a fire.
- 44:05So you could do multi sig, you know, some sort of 3/5 set up.
- 44:08You could also do something we offer.
- 44:10It's the two O 3 sharding. It's poor man's multi sig where
- 44:14you're essentially parsing. It works for 24 words.
- 44:17You're parsing your 24 words across 3 plates and there's a
- 44:19little bit of crossover with those words.
- 44:21So if one plate was inaccessible, you know, due to a
- 44:25house fire, you have two other plates that are in other
- 44:27geographic areas where you can actually have all your seed
- 44:30words on those plates. If someone were to find them,
- 44:32they wouldn't have all your words on that either.
- 44:36And obviously you know. Not recommended as the only
- 44:39option, but memorizing your seed words.
- 44:41Have your metal backup. Make sure your seed words are on
- 44:43there. But it doesn't hurt to memorize
- 44:44it, right? Practice that you don't want
- 44:46that to be your only backup. But say you know, you're in LA
- 44:49and you can't get to your home. If you have those words at the
- 44:52very least memorized, you can transfer it over to another
- 44:55wallet, you know, or change your seed words altogether, move it
- 44:58to another wallet, or at least you just have them.
- 44:59You don't have to do anything with them.
- 45:01You have them, record them again quick before you forget them.
- 45:04Obviously not the best practice if you're only doing that.
- 45:06You don't want to just memorize. And you know, that being said,
- 45:08it brought up a thing. You obviously don't want to
- 45:10store it on your phone or electronic device or anything
- 45:12like that. You don't want to take a picture
- 45:13of it, store it on your phone. You want that completely offline
- 45:16and solid-state on a solid plate there.
- 45:19So those are just some things like I picked up on when, you
- 45:22know, being like, OK, if I was in this situation, how am I even
- 45:24getting my plate? And I feel like those things
- 45:26would make me more comfortable, help me sleep the night and be
- 45:29prepared for the worst. But at the end of the day, a
- 45:31common house fire is much more likely to occur than, you know,
- 45:35a wildfire or whatever it may have been.
- 45:38So, you know, protect yourself in those situations.
- 45:40Make sure you know where your plate is.
- 45:42Make sure, you know, you memorize your C words as a
- 45:44second backup. And yeah, I mean, if anyone has
- 45:47any questions, I think I saw a couple come up in the chat.
- 45:50You know, one was related to not being able to get to the house.
- 45:53What do you do? I feel like I might have touched
- 45:54upon that. Someone brought up the DEW
- 45:57weapons. Yeah, I don't know if that's a
- 45:59thing, but. You know, don't say that on
- 46:00YouTube. Don't say that on YouTube.
- 46:02Oh yeah, just just put it in a blue garbage can.
- 46:08It'll be it'll be perfectly preventable.
- 46:10But no, yeah, I was talking about my favorite drink there on
- 46:12YouTube. Love.
- 46:15The 11, we were one, someone said about metal detectors and
- 46:18titanium. Right.
- 46:21It's it's apparently it's not as likely to be picked up as
- 46:26compared to steel, especially if you start digging deeper.
- 46:29Like metal detectors aren't created equal.
- 46:31Like there's I've seen some really high level ones.
- 46:33I bought one on Amazon when I was looking for my wife's
- 46:35earring in the backyard. There's different levels to it
- 46:37and is there? Not.
- 46:39No, no, definitely not. She had to make a necklace out
- 46:41of the one earring that was left.
- 46:43And yeah, so it's a long story, but I tried that.
- 46:45That's all that mattered. But but yeah, with titanium,
- 46:49it's not as likely to be picked up as steel.
- 46:51And then another tip that this treasure hunter guy gave to us
- 46:55is when you're burying the plate, like I got 1, you don't
- 46:58want to bury it in the ground like this, more surface area.
- 47:00You want to bury it straight down.
- 47:01So the surface area is just 2mm. It's less likely to be picked up
- 47:05on the metal detector in that situation.
- 47:07But like, remember, you're going to be looking for it.
- 47:09So you don't want to make your job that much harder.
- 47:11That's why I really like layering different pieces of
- 47:14metal above it, to discourage people along the way thinking
- 47:17they caught nothing. And if it's not being picked up
- 47:20on the metal detector, if you're storing a plate in the ground
- 47:22the right way, they're not going to continue to look anyway.
- 47:25You know that it's there though, because you have your debris
- 47:28that you stacked in that pile above it, right?
- 47:30Like so. Yeah, amazing, amazing.
- 47:32Well, this is this is again, guys like this is a tragedy
- 47:36that's happened in LA, but you know, a lot of the products that
- 47:40we recommend and events like again, they're going to help you
- 47:45become a sovereign individual, right?
- 47:46And with Bitcoin comes self cuts to Bitcoin comes with a
- 47:50tremendous amount of responsibility.
- 47:53You have to get the right hardware, the right seed word
- 47:56storage and obviously, you know, check out stamp seed.
- 48:01It's titanium and it you know, it will help you.
- 48:06God forbid this happens to you. But again, no one expects that
- 48:08these things are going to happen to you.
- 48:09But at least you're prepared, right?
- 48:11Yeah. Gary, let me ask you something.
- 48:13You've you've been in the industry for quite a long time.
- 48:16Do you have any thoughts on this?
- 48:17Any any pieces of advice that you would give to somebody that
- 48:20perhaps is entering in their new on how to properly secure their
- 48:25Bitcoin? Well, first I want to say that's
- 48:28a real good tip there that you gave those tips on putting it
- 48:32sideways, layering stuff above it.
- 48:35Those are really great tips there.
- 48:36And my, my heart goes out to everybody in LA who lost
- 48:41basically everything. Anders is a good friend of mine.
- 48:45Anders and Puppy and I shared an Airbnb for three days in Naples.
- 48:49And I got to you. You get to know someone pretty
- 48:51good when he lived with him for three days and he's a pretty
- 48:54good guy. The thing I don't understand
- 48:57though about Anders is so many people have lost their Bitcoin
- 49:02and boating accidents and Andrews had the better than the
- 49:06boating accident to say and no one would ever know any
- 49:09different and he disadvantage of that.
- 49:11Yeah, what a drop ball by Anders.
- 49:15He just blew it but but I hate to make a joke out of that.
- 49:21I know it's not a good time, but really, he really did blow that.
- 49:23So but my advice is to do exactly those tips we just
- 49:28heard. Those are just great tips.
- 49:30The layering, the sideways things I've never thought about
- 49:32that I will share from that one with people.
- 49:34So but. You know, you've really, you
- 49:38know, people understand, I think they do, but they don't really
- 49:42understand that when you are into Bitcoin and you own
- 49:46Bitcoin, you are your own bank. You are your own bank.
- 49:51You don't have anyone to call to save the day for you.
- 49:53Being your own bank is a great power.
- 49:56It really is. And like you can quote either
- 49:59Ben, Uncle Ben or Voltaire, I don't care which one you say,
- 50:03but with great power comes great responsibility.
- 50:07And you have to find out how to take advantage of the
- 50:10responsibility and protect yourself 'cause you have no one
- 50:14to call with this great power. So just BYOB is is a power.
- 50:20Absolutely. I think that was very, very wise
- 50:23words from Gary. And I think that's something
- 50:25that there's a bit of a disconnect for most people and
- 50:29they forget, right? There is no one to call when you
- 50:32take self custody, you are the backup like you are the person
- 50:36who has complete control over your funds.
- 50:38And that comes with a tremendous amount of pros.
- 50:40But the cons is there is there is no one to there is no one to
- 50:44call. But if you properly secure your
- 50:46seed words using multi sig using the stamp seed, using a Bitcoin
- 50:52only hardware wallet to recommend the passport by
- 50:54foundation devices again, you're you, you can have contingencies,
- 50:58you can have backups, right? And the the multi sig rabbit
- 51:02hole, the self custody rabbit hole in Bitcoin is so, so deep.
- 51:05And I think that once you get used to it, once you feel very
- 51:08confident with it, I would even go out on a limb and I would say
- 51:12that if you do it right, you're going to sleep more soundly than
- 51:16is if you had your money in a bank.
- 51:18Opti, what's your opinion on this?
- 51:21What's your take on this absolute tragedy, what's
- 51:23happening in Los Angeles? But I think it's a, you know, I
- 51:27think it's a cautious reminder for people to to really take
- 51:30their self custody setups seriously because they can never
- 51:34know what's going to happen. I mean, look, I live in Florida.
- 51:37There's there's no, there's no, you know, it's so humid that
- 51:41there's not really a lot of wildfires.
- 51:43But this is like hurricane alley, right?
- 51:46Like, flooding is like the norm here.
- 51:48We're just so used to it. And, yeah, you got to protect
- 51:52yourself. You got to protect your seed
- 51:54words. You got to protect your
- 51:54generational wealth. Opti, what's your take?
- 51:57Yeah, well, First off, I, I do have some family in California,
- 52:02but no one was actually affected by these fires.
- 52:04And so I, I did reach out to them and was wondering, you
- 52:07know, it's is everything good? So of course my heart goes out
- 52:10to everyone that was affected by these fires.
- 52:12And again, I've been saying this a while in regards to yourself
- 52:16custody setup, but I guess now it's time to kind of think about
- 52:19it in terms of your backups is that you never know exactly
- 52:23what's going to happen. And not to overcomplicate your
- 52:26setups, obviously, but you should be looking to all these
- 52:30different factors and obviously multiplying your holdings by 10
- 52:33or 100 or however how you think bitcoins going.
- 52:36And that's how you should be backing up your your seed
- 52:38phrases and your cold storage setup like it.
- 52:41These are these important reminders to remember that life
- 52:46is chaotic at times and there's things outside of your control.
- 52:49And what you want to do is try to protect yourself as much as
- 52:51possible. So that's kind of my PSA, but I
- 52:53do, I did see one more question here.
- 52:55And James, I don't want to put you on the spot, but the chat is
- 52:58asking when 12 word seed play. Yeah, It's been a long time
- 53:04coming for that thing. We've been showing it off at all
- 53:06the conferences we've been to. It'll be here, I'm hoping, by
- 53:09the end of Q1, definitely this year, early this year.
- 53:12It's coming Like I have samples, I have prototypes.
- 53:15I've been playing around with it.
- 53:16It looks awesome. You know, smaller form factor
- 53:20will work with the existing jig that you have.
- 53:22So you don't have to. We're not like rubbing you to
- 53:23buy another kit. You just buy the plate and
- 53:25upgrade and moving forward all kits will be coming.
- 53:28You know you 12 or 20 forward options.
- 53:30So that's soon. And I saw like I think a couple
- 53:32questions in the chat. I think someone's asking about
- 53:36the sharding splitting up your seat across a couple plates.
- 53:38Not multi sig, but poor man's multi sig.
- 53:40So that's two or three. Sharding only works with 20
- 53:43forward. I would not recommend doing that
- 53:45with 12. It's too easy to brute force,
- 53:48but we sell that option on our website.
- 53:49You basically have three sets of numbers.
- 53:52It's like one through 1810 through 24, and then like one
- 53:57through 8, and then like 17 through 24 is the third plate.
- 54:01So that you would only need 22 plates would have all your
- 54:03words. One plate doesn't have all your
- 54:05words and you can't brute force if somebody found that one plate
- 54:08or if that one plate was buried in the wildfire, lost and
- 54:12accessible. You have two other plates that
- 54:14are floating around somewhere geographically in the world
- 54:16where you can combine those have all your words.
- 54:19So that's poor men's multi sig. I think that's if you're going
- 54:21to take a single sig option. To me that's like best practice
- 54:25in addition to having a pass phrase, of course.
- 54:27But with the pass phrase, you know, you got to remember those
- 54:30seed words regardless. So yeah, sharding, sharding.
- 54:34Someone said sharding. What did you guys, what did you
- 54:36get me on that every time? Guys, head over to stampseed.com
- 54:40today. Get your Titanium Seed Phrase
- 54:44Storage Kit promo code simply to get 15% off.
- 54:47Also want to give a shout out to the massive audience Almost
- 54:51broke. I know I think we have yeah on
- 54:53the verge of breaking 3000 live viewers. 600 live viewers on
- 54:58YouTube alone. We hit our goal of breaking 300
- 55:01likes. Help us break 350 likes by the
- 55:04time the show is over guys Stay tuned for the culture.
- 55:08We are going to talk to the one the only, Gary Leland about the
- 55:12incoming bit. Block Boom Conference in Dallas,
- 55:17TX is going to be an amazing time.
- 55:19There's nothing like Texas BBQ. That's what I got to say.
- 55:23All right, everybody, we will be right back for the culture.
- 55:26What? I said facts.
- 55:28Texas BBQ is the best. I don't know the Cuban.
- 55:31Food in Miami is pretty good, but the Texas BBQ.
- 55:33Is it's not Texas BBQ. The the Texas BBQ that that that
- 55:39Gary puts together is it's chef's kiss.
- 55:43All right, everybody, we'll be right back.
- 55:45I want to give a shout out to our sponsor Hive Digital
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- 56:20their website, hivedigitaltech.com.
- 56:35All right everybody, I do want to give a shout out to our
- 56:37sponsor, bit Block boom guys, it's coming April 3rd through
- 56:42the 6th of 2025. It's going to be one of the best
- 56:46Bitcoin conferences of the year. The entire simply Bitcoin crew
- 56:51will be there. Nico Opti, Dante Rustin, Jacob,
- 56:54it's going to be an amazing time.
- 56:56You definitely don't want to miss this Bitcoin celebration.
- 56:58There's Texas BBQ, there's the axe throwing contest, there's
- 57:03the casino night. It's not not like real casino.
- 57:06It's like this like celebration thing.
- 57:09It's it's awesome. I can't really describe it.
- 57:12And yeah, it's going to be great.
- 57:13There's the brunches, there's the lunches, there's the
- 57:15dinners. I've said this many times, if
- 57:18you're trying to get a job in the industry, the days of just
- 57:20sending over your resumes are long gone.
- 57:23They're over one of the best ways to go to the conferences
- 57:26and speak to some of your favorite Bitcoin conferences.
- 57:29So they they get to see your face, they get to know you.
- 57:32That's the most effective ways of getting a job in the
- 57:34industry. And perhaps again, like you're
- 57:37you want to meet some of your favorite bitcoiners.
- 57:39The bit block boom boom conference is perfect because
- 57:42there is no backstage. Everyone's just sitting in the
- 57:44crowd, whether it's Jimmy sighs. It's just it's an amazing time
- 57:47guys. You definitely don't want to
- 57:49miss it and you want to get your tickets quickly because the
- 57:51prices do increase as time goes by.
- 57:54But I have a good news for you guys.
- 57:57If you use promo code BBB 21, you got 100 dollars off your
- 58:02tickets. Again, if you use BBB 21, you
- 58:06get $100 off your tickets to bit block.
- 58:10Boom. Scan the QR code on your screen
- 58:12right now or check the link in the video description.
- 58:17Anyways, I do want to open up the conversation.
- 58:20We have the man, the myth, the legend, Gary Leland in the
- 58:23house. Gary, technically this is the
- 58:25longest running Bitcoin conference, is that correct?
- 58:29Yeah, this will be our 8th year. So yeah, we're we're trucking
- 58:31off now. You know, by default we made it
- 58:35when no one else did one in 2020 because of COVID.
- 58:37And we did. So by default, we became the
- 58:40longest running. There were some before us, but
- 58:43those aren't running anymore and neither did they run during
- 58:452020. So yeah, this is the longest
- 58:49running. The the longest running Bitcoin
- 58:51conference and one of the things that I that I, I know that you
- 58:55do Gary, which is you change the locations.
- 58:58It's all in Texas, but you change the location.
- 59:00I believe the last one was in Austin.
- 59:03This one that is coming up is going to be in, it's going to be
- 59:09in Dallas, so. McKinney, TX right outside of
- 59:13Dallas. Oh, OK, so Opti's not going to
- 59:16get a complete, you know, Opti's still going to have to drive
- 59:19somewhat you have. To drive anyways, but it's it's.
- 59:22Close. It's close.
- 59:24Not far from you Opti, so don't give us all that static.
- 59:27You have to drive 20 minutes everywhere in Dallas anyway, so
- 59:30you know, that's what I'm saying.
- 59:32So, Gary? It's going to be a great
- 59:34conference this year. We have a great hotel, one of
- 59:36our best hotels ever. Outside the door is like a lake
- 59:39with a boardwalk with all kind of shops.
- 59:41The facility we have is is just a great facility.
- 59:46We had James Lavish contacted me the other day and said, hey, I
- 59:49was thinking I couldn't come. I want to come.
- 59:51Stefan Lovera contacted me. He's coming.
- 59:53Now. We have a surprise guest.
- 59:55Hopefully we're working on. That's going to be epic.
- 59:57And I mean this happens. I think I know who you're
- 1:00:00talking about and. This this this.
- 1:00:03Year is going to be great. We've done the we're doing the
- 1:00:05best workshop day. Oh, you're going to like this,
- 1:00:08Nico. You have all day Thursday to set
- 1:00:11up. Oh, I love it.
- 1:00:13The entire day you've always like been in there and go.
- 1:00:15We got three hours. Get that going, You got the.
- 1:00:18Entire day but Friday we have lightning workshops all day, we
- 1:00:23have what is mining workshops all day and we have what is
- 1:00:25Bitcoin workshops all day for beginners on Friday.
- 1:00:28Saturday is the regular deal. We have vendors, we have
- 1:00:31parties. We have James.
- 1:00:33I need you to send me some of your products for prizes in the
- 1:00:37casino night. I'm going to hit you up on that
- 1:00:39one. Let's do.
- 1:00:40Definitely great idea, I love it.
- 1:00:42We have a it's going to be. It could be our best event yet
- 1:00:45and we've had some good ones. Incredible, incredible.
- 1:00:49And I could you talk a little bit about the venue, Gary,
- 1:00:52because I, I know that I know that I seen the pictures.
- 1:00:56The, the hotel is, is, is going to be absolutely incredible.
- 1:00:59There's, there's like restaurants, there's like a
- 1:01:01little lake. Also, can you talk a little bit
- 1:01:03about the venue? And a walking trail.
- 1:01:05This is our that's why I said our best thing.
- 1:01:07I do want to mention on that though, go to the website now if
- 1:01:11you're going and get your rooms, use the link to get your rooms
- 1:01:14because we're going to run out of rooms.
- 1:01:15We've already had to add more rooms to our block a couple of
- 1:01:18times. And I, I usually find out
- 1:01:19because someone messages me and goes, I can get a room y'all out
- 1:01:23and I try to get more, but it's getting to the point we probably
- 1:01:25won't be able to get more added anymore because they only give
- 1:01:28us because they want to sell some at retail.
- 1:01:30So if you're going, if you bought your ticket, if you
- 1:01:32haven't bought your ticket, but you think you're going, book
- 1:01:35your room and get that out of the way.
- 1:01:37But this, this is a great hotel. You know, last year we went with
- 1:01:41the same hotel we had before because it was just easy on me,
- 1:01:44but we moved up to a different hotel that's a step up above for
- 1:01:47us. And the pricing is great.
- 1:01:49The pricing is great. So you know, the thing about the
- 1:01:52the hotel, I do want to say while you're bringing it up,
- 1:01:54Nico, a lot of people when they go to conferences want to stay
- 1:01:56at Airbnb's, you know, because they're cheaper.
- 1:01:59But our hotel is inexpensive enough.
- 1:02:01And the fact that the conference is in the hotel, you want to
- 1:02:06stay there because stuff is happening all night long, you
- 1:02:10know, not official bit Block Boom stuff, but like parties,
- 1:02:14people hanging out, talking, maybe there's a poker game, who
- 1:02:17knows what's going on, but there's stuff going on all night
- 1:02:20long. So Bit Block Boom is not the
- 1:02:22place to get an Airbnb at. I have nothing wrong with
- 1:02:25Airbnb's. I'm just saying you don't want
- 1:02:27to be driving back and forth. You want to be able to just go
- 1:02:29upstairs, change clothes, brush your teeth, whatever, and come
- 1:02:32back down at 2:00 in the morning and start Bitcoin in again.
- 1:02:36Hell yeah. And it reminds me of again, the
- 1:02:39the staying at the hotel is really cool because there's the
- 1:02:42famous lobby com that was born at Bit Block.
- 1:02:47Boom, right. Could you could you talk a
- 1:02:50little bit about like again, like you guys have to stay at
- 1:02:52the hotel? It's like part of the
- 1:02:54experience. I completely agree with with
- 1:02:57Gary and Opti. I mean, what, what are you
- 1:03:00excited about this year? Dude, you don't have to drive.
- 1:03:02You don't have to get on a flight.
- 1:03:04And you know, the first also to one of the things that I haven't
- 1:03:08talked about yet, the first simply Bitcoin conference
- 1:03:14coverage happened at the block boom.
- 1:03:17That was the first time we've ever done that.
- 1:03:19I managed to convince Gary I had an idea in my head and I'm like,
- 1:03:24I think we could pull this off. And and that was the first time
- 1:03:29that Simply Bitcoin, you know, covered a conference.
- 1:03:31Now we do it for so many conferences, but that was the
- 1:03:33first time. And this year we're going to do
- 1:03:35it even better at so many different camera angles that
- 1:03:38we've been working on, including the Simply Bitcoin news desk.
- 1:03:41It's going to be incredible. Very, very excited for it, Opti.
- 1:03:45Yeah, well, I think you said what I'm most excited about.
- 1:03:48It's not having to travel. To go to the conference.
- 1:03:51That's the best one. No, no, I'm kind of trolling.
- 1:03:55What what I'm most excited about, and I was telling Gary
- 1:03:57this before the show, Bitlock Boom for me personally is like a
- 1:04:00family reunion. That's where in 2020 I met Nico.
- 1:04:04I met a lot of friends there that I consider family.
- 1:04:06And so the most exciting part for me is just going to Bitlock
- 1:04:09boom and knowing that I'm going to basically see like my Bitcoin
- 1:04:13family. And that's really what it feels
- 1:04:15like. It's like a family reunion and
- 1:04:17you hang out with all the people that I've known for years now.
- 1:04:19So, you know, at this point it's like this is the one that I know
- 1:04:23all of my friends that I love are going to be there and that's
- 1:04:27why I'm most excited as you. It's basically like, you know, I
- 1:04:30don't get to see all my Bitcoin friends multiple times a year.
- 1:04:33I I basically only catch them once or maybe twice a year, and
- 1:04:36I know for a fact it will always be at bitlock.
- 1:04:38Boom. So shouts out to Gary.
- 1:04:40Hey Nico, I do want to also mention because this is real
- 1:04:43important to me and I think it's really important to the people
- 1:04:45who come. You know, when you go to a big
- 1:04:47conference like Bitcoin Magazine conference, which is a great
- 1:04:51conference. So I'm not saying this in a
- 1:04:53negative manner. There are so many people at that
- 1:04:56conference that when someone comes out, you wanted to see
- 1:04:58speak, they come out from the back and then they leave out the
- 1:05:02back and you may never get a chance to actually talk to that
- 1:05:05person one-on-one, where at Bit Block, boom, that person may be
- 1:05:10sitting in the audience and they just come out of the audience,
- 1:05:12go speak, and then they come back in the audience and they're
- 1:05:15hanging out in the hallway. So these people that are
- 1:05:17speaking, if there's someone you like your show or you wanted to
- 1:05:20network with or you just want to meet, you're going to have so
- 1:05:23many opportunities to meet him because it's a smaller
- 1:05:26conference. You know, we're not going for
- 1:05:28mass volume. We're going for building the
- 1:05:30best conference. There is experience.
- 1:05:32There is getting a chance to meet these people.
- 1:05:34I have people every year go gosh, I was at that second one
- 1:05:37and safe Adina Moose was standing by the bar and I just
- 1:05:40went over to stand by him and and listen to him and he he
- 1:05:44turned around and stuck his hand out and he goes, hi, I'm safe.
- 1:05:46Who are you? So people love coming to this
- 1:05:49conference because they get to hang out and meet people they
- 1:05:51see every day or they've read their books.
- 1:05:54So that's something that really makes us stand out, I think.
- 1:05:58Yeah, absolutely. And one.
- 1:06:00So again, one of the things too that you that you do Gary, which
- 1:06:04is you break down the event so people could buy the buy
- 1:06:08specific tickets for specific events they want to go to.
- 1:06:12So for example, if you're only interested in going to the, the
- 1:06:17Friday workshop, the conference sessions on Saturday and the
- 1:06:21Saturday night casino party, you get the GA ticket.
- 1:06:25If you're looking to go to the, a lot of the, the lunches and
- 1:06:29the dinners, you can get the, the, the pro pass.
- 1:06:33And let's say you just want to go to a specific thing.
- 1:06:35So let's say you want to go to a one dinner specifically or the
- 1:06:40one party specifically, or you want to go to one brunch
- 1:06:43specifically. You want to go to the bit bit
- 1:06:48block shoot specifically or the casino night.
- 1:06:50Those are all things that you can buy individually.
- 1:06:53I, I got to warn you though, guys like these things, as we
- 1:06:57get closer to the conference, they tend to sell out.
- 1:07:00So you want to get your ticket? Go ahead.
- 1:07:02Surprise how many people buy tickets to like the Friday night
- 1:07:06dinner and that's all they bought a ticket to and then they
- 1:07:09go hang out in the lobby at the hotel to meet everybody who's
- 1:07:12there and network them in the lobby.
- 1:07:14So, and that's why you broke them down that way.
- 1:07:16If you don't, I don't want, if you, if you're going, that's a
- 1:07:18lot of money. I can't afford to go to the
- 1:07:20conference. Well, you still can come to the
- 1:07:22hotel and hang out. We aren't going to kick you out
- 1:07:24and, and you know, and meet the people because we overflow into
- 1:07:27the lobby. And then a lot of people, like I
- 1:07:28said, they buy a ticket for Friday night or Thursday, Friday
- 1:07:31night and they just go hang out. And I know they're not coming in
- 1:07:34town just for Thursday and Friday night, you know, I know
- 1:07:36they're hanging out in the lobby too.
- 1:07:37So that's why now my crew hates having so many ticket options at
- 1:07:42check in. But I don't want to make people
- 1:07:45pay for everything. If they don't want everything or
- 1:07:49they can't afford everything, they can they can.
- 1:07:50Kind of like a carte Blanc menu. Absolutely, absolutely.
- 1:07:54Yeah. It's it's going to be an
- 1:07:55incredible event. Here's some videos and pictures
- 1:07:59of the hotel. Like I said, it's absolutely
- 1:08:00beautiful. You know, there's going to be a
- 1:08:02lot of bitcoiners that are going to be hanging out on those
- 1:08:05chairs, you know, just talking. Come in.
- 1:08:08Is that a lot of Con Lake? The lake Con Everybody can.
- 1:08:11Lose their Bitcoin in their wallet in.
- 1:08:13The lake, yeah, there's going to be a ritual throwing of your
- 1:08:16Bitcoin into the lake, so maybe we'll have some treasure hunters
- 1:08:19in there. Absolutely.
- 1:08:20So Gary, could you hint on any? I know I have a feeling and I'm
- 1:08:24not going to say it out loud, but I have a feeling of who you
- 1:08:27who you were hinting to in terms of the special speaker.
- 1:08:30That's great. And I, I kind of have an idea of
- 1:08:32how you fold that off, but could you give?
- 1:08:36Percent yet, so I'm not going to I'm not going to say anything
- 1:08:38yet, but. But that's awesome.
- 1:08:41But how could you could not that specific person but the anybody
- 1:08:46else. Could you give any any any hints
- 1:08:48on specific speakers that are coming that you haven't made the
- 1:08:52announcement of? No, no, I don't I, I can't I.
- 1:08:59No, So what? What speakers are confirmed so
- 1:09:01far? Everybody on the site is there.
- 1:09:04Stefan Levar, Lavish. Bob Burnett.
- 1:09:09I can't even think of them all. We have, you know.
- 1:09:12Nico No. No.
- 1:09:13No, I'm, I'm just doing the, I'm just doing the news desk, bro.
- 1:09:16I can't. I can't, Nico.
- 1:09:17'S the biggest influencer that's going to be.
- 1:09:19There I can't. I can't do both and.
- 1:09:22They're all on the home page where you can go to the speaker
- 1:09:24page. I can't even on the spur of the
- 1:09:26moment, I can't even think of who they all are.
- 1:09:28Pierre Rochard Bitstein This will be the first I think
- 1:09:32Conference Parents bits themes made in quite a while.
- 1:09:36In 2019, he rocked the world with his memeing session.
- 1:09:42He did. So we we've got a great lineup.
- 1:09:45Yeah, it's, it's going to be, it's going to be absolutely
- 1:09:47phenomenal guys. James, are you coming this year?
- 1:09:52He's having a baby. He's muted.
- 1:09:54He's muted. You're muted, James.
- 1:09:58You guys are laying the FOMO on thick man.
- 1:09:59I wish I could be going, but you know the Wi-Fi are expecting our
- 1:10:03first. So you know I got to be here for
- 1:10:04that. It's like right around the same
- 1:10:06time, but I have serious FOMO from it.
- 1:10:09Hopefully I got to do next year. I will say like for everyone who
- 1:10:11hasn't got through a conference, just go like you do not know who
- 1:10:14you're going to meet where that could lead.
- 1:10:15So many good things could happen.
- 1:10:17Like I met Isaac wine at at a conference, right?
- 1:10:19That's how I know you guys, right?
- 1:10:20That's how we're here today. I feel you had just said Opti,
- 1:10:24you met Nico there. Nico found you there, however
- 1:10:26you want to look at it, and you're on simply now, right?
- 1:10:28Like the iteration? Found.
- 1:10:30Maybe hide the trash? Can.
- 1:10:31Yeah, you were there doing something right.
- 1:10:33So it's just to me, you don't know who you're going to meet,
- 1:10:35the connections you're going to make, and it's you, you know,
- 1:10:38the part of the world, right, It's just you're learning more.
- 1:10:41And some of the best things happened during the like Gary
- 1:10:43was saying, like in the lobby, you know, outside when you're
- 1:10:46when you're taking a break from the sessions, like some of the
- 1:10:48best parts of the conferences happen just for meeting and
- 1:10:51talking to people that are like minded.
- 1:10:53So if you haven't gone to one, I highly recommend it.
- 1:10:55And you know, big block seems like a great one to do.
- 1:10:57It's in. Where'd you say it's in close to
- 1:10:59Austin? Dallas.
- 1:11:00It's in Dallas. OK.
- 1:11:02It was in Austin previously, right?
- 1:11:03Yes, yes, it's. Absolutely, absolutely.
- 1:11:06Guys, scan the QR code on the right hand hand of your screen.
- 1:11:10If you're watching the audio podcast, go to bitblockboom.com,
- 1:11:15bit block boom.com. Again, use promo code BBB 21 to
- 1:11:20get $100 off of your tickets. And you want to get your tickets
- 1:11:24quickly because the prices do increase as time goes by.
- 1:11:30All right everybody, this was simply Bitcoin Live for January
- 1:11:3317th, 2025. I'm your host, Nico Moran is my
- 1:11:37legendary Co host. Optimus Fields, our special
- 1:11:40guest today, Gary Leland, our special guest today, James from
- 1:11:44Stamp Seed. We love you all have an amazing
- 1:11:47weekend. I will be not in town on Monday.
- 1:11:51I'll be traveling the whole inauguration.
- 1:11:52We'll have some interviews lined up that you guys are going to
- 1:11:54absolutely love, but I'll be back on Tuesday.
- 1:11:58So Opti's going to be holding it down on Monday and until then,
- 1:12:02enjoy the weekend, guys. Go outside, touch grass, like
- 1:12:05the show, subscribe to the channel.
- 1:12:06If we feel like we provided we if you feel like we provided you
- 1:12:09value. Love you all.
- 1:12:11We'll see you guys on the next one.
- 1:12:13Today's episode was brought to you by bitcoinwell.com, a
- 1:12:16Bitcoin only platform on a mission to enable financial
- 1:12:20independence.