Latest / Simply Bitcoin / BREAKING: Wall Street is Funding Bitcoin Core Development | EP 905

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BREAKING: Wall Street is Funding Bitcoin Core Development | EP 905 · Simply Bitcoin

• 0:04
  It's. All going to zero against
• 0:06
  Bitcoin. It's going on forever.
• 0:16
  You're against Bitcoin. You're against freedom.
• 0:20
  Yeah. Welcome to another episode of
• 0:22
  Simply Bitcoin Live. We're the number one source for
• 0:24
  the peaceful Bitcoin revolution. Code breaking news culture,
• 0:27
  Matic warfare. We will be your guide through
• 0:29
  the separation of money and state today.
• 0:32
  I mean, this week the Contillion Air Conference is happening in
• 0:37
  Davos. So I'm sure there's going to be
• 0:39
  a lot of topics that we're going to cover, but I'm going to give
• 0:43
  you a different take, and this relates to today's title of the
• 0:47
  video, Wall Street is funding Bitcoin development, Bitcoin
• 0:53
  core developers, you heard that right.
• 0:56
  And we have two ETFs, specifically VANEK with the
• 1:02
  ticker Huddle and Bitwise that are donating part of their
• 1:05
  profits. And it's not like a tiny part.
• 1:08
  It's 5 to 10% of their profits to helping the Bitcoin
• 1:12
  ecosystem, helping the Bitcoin community.
• 1:15
  And then this brings me back to a tweet that I've said many,
• 1:20
  many times and I've kind of interchanged words in it, right.
• 1:26
  But the tweet goes something like this.
• 1:27
  It says Wall Street thinks it will change Bitcoin, but it will
• 1:30
  be Bitcoin that will change Wall Street.
• 1:32
  You can interchange that. You could put government in
• 1:34
  there. It says government thinks it
• 1:36
  will change Bitcoin, but it will be Bitcoin that will change Wall
• 1:39
  Street. And this tweet was an
• 1:41
  inspiration from one of Max Kaiser's very famous sayings.
• 1:45
  You don't change Bitcoin, Bitcoin changes you.
• 1:48
  So you're thinking about these, you know, you're thinking about
• 1:51
  Wall Street, you're thinking about these NGOs, these giant
• 1:54
  organizations, right? And you would be thinking, wow,
• 1:57
  like these people are like, genuinely like evil.
• 2:00
  Like they they wanna control everybody.
• 2:03
  And maybe some individuals are Klaus Schwab.
• 2:05
  But like, you know, I, I I just think that the majority of of
• 2:09
  these people that are going to these events and you know, are
• 2:11
  part of these, you know, organizations.
• 2:14
  I just think that they want to pay their mortgage and feed
• 2:16
  their families like everybody else.
• 2:18
  But I think that you get the worst out of human beings, the
• 2:22
  worst out of humanity when you have a base layer with
• 2:26
  misaligned incentives. And of course, I'm talking about
• 2:29
  Fiat. What happens when you fix that
• 2:32
  base layer? And there, now there's an
• 2:35
  aligned incentive structure. These institutions that you
• 2:39
  would think are just out for themselves, all of a sudden
• 2:44
  their actions, them pursuing their own greed, them pursuing
• 2:48
  their own profit, right, are actually benefiting everyone
• 2:51
  else. That is how Bitcoin works,
• 2:53
  right? People don't run a node because
• 2:57
  they just wanna run a node. They run a node, right, because
• 3:00
  they they wanna have a vote, number one.
• 3:01
  Number two, you don't wanna trust someone else's copy of the
• 3:04
  blockchain. You also don't wanna dox.
• 3:07
  You know, your balances, your your addresses.
• 3:10
  You also want the some level of privacy, right?
• 3:13
  That's why you wanna run a node number one.
• 3:16
  Number two, Bitcoin miners aren't just spending all this
• 3:21
  money on electricity out of the kindness of their heart.
• 3:25
  They're doing it out of the pursuit of profit.
• 3:27
  Right Bitcoin hodlers. They're hodling and they're
• 3:31
  evangelizing Bitcoin. Yeah, okay.
• 3:35
  You know, they love Bitcoin. I love Bitcoin.
• 3:37
  But are we doing this, you know, for charity?
• 3:40
  Are we doing this because we want to know Just genuinely
• 3:43
  because number go up benefits us as well.
• 3:46
  So it benefits everyone equally and what you have with the Fiat
• 3:50
  system and not to mention that there aren't no special
• 3:53
  privileges. So for example, when if Michael
• 3:56
  Saylor or BlackRock or any of these institutions, if they want
• 3:59
  to buy Bitcoin, they have to get in line like everybody else.
• 4:02
  Like they don't get a special privilege.
• 4:05
  They don't get to be insiders anymore.
• 4:08
  They have to get in line and buy Bitcoin.
• 4:10
  That's it. That's that's how it is.
• 4:12
  Including the issuance of Bitcoin is the same thing,
• 4:15
  right? There is no special privilege if
• 4:17
  you're a government, an emperor, a president, a dictator, if you
• 4:22
  want to mint more Bitcoin, you have to mine it just like
• 4:26
  everybody else. And that is in fundamental
• 4:29
  contrast to how the Fiat system works.
• 4:32
  The Fiat system, there's a bureaucratic elite that have the
• 4:35
  privilege of being able to create money for free that
• 4:38
  everyone else has to work for. And then that bureaucratic elite
• 4:42
  has friends and those friends benefit from the money printer.
• 4:46
  That's why you have these politicians.
• 4:48
  That's why Washington DC is one of the wealthiest suburbs, like
• 4:51
  around Washington is one of the wealthiest suburbs on planet
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  Earth. Right.
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  Even though you wouldn't say that DC is necessarily a a
• 4:59
  productive city, it's it's it's a government hub.
• 5:01
  But you have to ask yourself why is that the case?
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  Well, the the the reason for that is and why does Elizabeth
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  Warren have a net worth of over $100 million?
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  Why do multiple politicians have these crazy net worths?
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  Well, obviously because they're very close to the money spigot.
• 5:17
  And then that misaligns incentives.
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  Politicians are not incentivized to do good by their
• 5:22
  constituents. They're voters.
• 5:24
  They're incentivized to get as close as humanly possible to the
• 5:27
  money spigot. So if you separate money from
• 5:29
  state and all of a sudden the only course of action is for
• 5:32
  politicians to raise money and to remain in power, to remain in
• 5:37
  office is via direct taxation and people aren't going to agree
• 5:42
  to forever wars, people aren't going to agree to these crazy
• 5:46
  social programs, right? So what Bitcoin is fundamentally
• 5:49
  doing on the base layer is it's fixing the base layer.
• 5:55
  You fix the base layer, you fix the money, you fix the world,
• 5:58
  you align the incentives and all of a sudden these institutions
• 6:01
  that you would think of as evil. Not too long ago, you have the
• 6:05
  CEO of the largest asset manager in the world, Larry Fink,
• 6:08
  talking about how Bitcoin could potentially benefit people that
• 6:12
  live in dictatorial regimes. So this is, this is what
• 6:16
  happens, right? Wall Street thinks it will
• 6:18
  change Bitcoin, but in reality it will be Bitcoin that will
• 6:22
  change Wall Street. So this is crazy.
• 6:24
  If you would have told me this a couple years ago that there was
• 6:27
  literally these giant Wall Street corporations that were
• 6:31
  funding Bitcoin core developers, I would have laughed in your
• 6:35
  face. But you know in hindsight it's
• 6:37
  obvious because bitcoins incentives remain undefeated.
• 6:41
  Anyway, it's going to be a great show at my legendary Co host.
• 6:44
  He is smirking today. He's not wearing his suit.
• 6:47
  He is not dressed appropriately doing the show with Dom.
• 6:51
  How you doing Dom? Nico, what up man?
• 6:54
  Bitcoin fixing the DNA at the core, right?
• 6:58
  Dom, I'm dropping the Dom, dropping the fire earlier on
• 7:02
  Opti's back on stage. I will forgive him, but I am
• 7:06
  sending. I don't even own a suit, Nico.
• 7:07
  Come on, you have a notice and you're.
• 7:10
  Simply going to buy me a suit? What are you talking about?
• 7:12
  If you want. Me to wear a.
• 7:13
  Suit. I need it on the business plan.
• 7:15
  What, bro? What are the what are the good
• 7:18
  fashion houses? We got to get Gucci or like Hugo
• 7:20
  Boss or like one of those people to sponsor, so we could just be
• 7:25
  all decked out every episode. Dude.
• 7:28
  I think, I think we can get, I think we can get Armani for
• 7:30
  OPTI. I think.
• 7:31
  I think opti's an Armani guy. Not Armani guy, yeah.
• 7:34
  I see him as an Armani guy. Yeah, yeah, yeah.
• 7:36
  I got some style. I got some style.
• 7:38
  OK, I could see that. I could see that.
• 7:40
  Anyways, Opti, what are we going to talk about during the
• 7:42
  culture, my friend? Well, I have one of my favorite
• 7:44
  peoples ever on the show with us, Dom Bay himself.
• 7:48
  Dom Bay. And he came on, I I think it
• 7:51
  might have been sometime in December.
• 7:53
  I don't know. It all blurs together.
• 7:54
  He is, would I say founder of Proof of Workforce or cofounder,
• 8:01
  CEO. I don't know.
• 8:02
  He is trying to get pension funds and unions to adopt
• 8:07
  Bitcoin. Last time he came on he he kind
• 8:10
  of just TLD ordered us on his mission.
• 8:12
  Today he's going to give us an update on everything he's seen
• 8:16
  and some feedback in regards to Bitcoin.
• 8:18
  So I'm I'm excited for this one. I I love having Dom on.
• 8:20
  Not only is he absolutely one of the funniest people I know, but
• 8:24
  he is you know he's a he's a very serious bitcoiners in his
• 8:28
  own right. He's doing some good out there
• 8:30
  in the world. Anyways, Dom, how you doing
• 8:32
  brother? You're going to get me.
• 8:34
  You're going to get me teary eyed.
• 8:35
  It's like, remember, remember and Jerry Maguire when he has
• 8:37
  Rod Tidwell on there and he's like your mom swept the stairs
• 8:40
  of the church. You you grew up tough.
• 8:42
  He's like, you're not going to get me.
• 8:44
  Dude, don't try to get me to cry this early.
• 8:47
  Well, I mean, you've got the strongest mustache in the game.
• 8:50
  So I don't know. Steve.
• 8:51
  Steve Barber. Oh, yeah, he does, Yeah.
• 8:53
  Yeah. This thing is last day.
• 8:54
  This is just for simply and then it's gone.
• 8:57
  So I I let it ride for today and you know.
• 9:01
  Dom, if I was in a fire in a building and I saw you just
• 9:05
  breaking that door with an accident and in a full fire suit
• 9:10
  and whatever, I would feel extremely confident that I was
• 9:14
  in good hands. Well, God bless you for that.
• 9:17
  You know, if you catch me on a good day, then that'll be the
• 9:19
  case. No, no, we're always gonna get
• 9:21
  you out every time, so. Well, maybe leave Nico there
• 9:24
  next time, yeah? Super Pump super pumped to be on
• 9:29
  here. I see BTC is truth asking
• 9:31
  where's the robe? The robe got retired.
• 9:33
  You know that was for those that don't know.
• 9:35
  I wore the robe on the Christmas special because we dressed up
• 9:37
  with blue collar Bitcoin. Just want to answer that
• 9:40
  question. Now you guys all wore robes.
• 9:42
  No, just it worked. Just me, dude.
• 9:45
  Dom Dom was in a robe, drinking like rose on the stream.
• 9:50
  No, no, it wasn't Rose. It was eggnog that was spiked
• 9:52
  eggnog. OK, OK.
• 9:54
  Damn bro. Dom, your level of swag.
• 9:56
  I think you you you must have the highest level of swag in
• 9:59
  Bitcoin, bro. I got to say no.
• 10:01
  There's, there's, there's far superior.
• 10:03
  I'm just trying to keep up. I'm just trying to keep up with
• 10:05
  everyone. Humble Dom.
• 10:06
  Humble Dom. All right guys, well, it's going
• 10:08
  to be a great show. Let's jump straight into the
• 10:10
  numbers. We got a lot to talk about
• 10:11
  today. Let's check it out.
• 10:14
  The Bitcoin numbers. Is your Bitcoin in cold storage
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• 11:40
  Hey wait, Indigo, can I jump in here?
• 11:42
  Yeah, go. Can I jump in here?
• 11:43
  I know this is still the ad read, but guys, you guys have
• 11:46
  been hitting us in the chat thinking that you send stamp
• 11:49
  seed your seed phrase. You do not, in fact, send them
• 11:52
  your seed phrase guys. They just send you a kit so you
• 11:56
  can stamp your seed phrase in titanium.
• 11:58
  At home you we would not ever recommend you send your seed
• 12:03
  phrase to anyone. So I I've seen some people
• 12:05
  confused about this in the chat. You do not send them their seed
• 12:09
  phrase. They don't stamp your seed
• 12:10
  phrase into the titanium, you do it yourself.
• 12:13
  That's the point of the kit is you do it at home.
• 12:15
  And you, Uncle Jim, your friends and family, if they should need
• 12:18
  help, but you do not send them a seed a.
• 12:21
  Hammer OK And they send you letters.
• 12:24
  And then you daka daka, daka daka Stamp your seed in
• 12:29
  titanium. Yeah.
• 12:32
  So and so, like when you know Dom, if he's ever put in a
• 12:36
  situation where he has has to rescue you, you know he doesn't
• 12:40
  have to worry about rescuing your seed 'cause it's fireproof,
• 12:43
  right? Anyways, at the time of
• 12:46
  recording, the Bitcoin price is $43,120 SATS per dollar 2319
• 12:55
  block height. 826,050 blocks to having 13,950.
• 13:02
  Yeah, and someone said in the show, Roman says never share
• 13:06
  your seed phrase. Absolutely never share your seed
• 13:08
  phrase. Don't take a picture of it with
• 13:10
  your phone. Literally it they they don't
• 13:13
  call it. Store the cold storage for no
• 13:15
  reason that should never see. You know the shining light of
• 13:19
  day. Put in a very safe place in a
• 13:21
  safe. Hide it somewhere safe.
• 13:24
  You know you don't want to share that with anybody.
• 13:26
  If someone gets access to the to your seed words, they have
• 13:29
  access to your Bitcoin. Pure and simple anyways.
• 13:33
  Blocks do having 13,950, having estimate April 20th, 2024 Total
• 13:41
  lighting capacity 4826, Bitcoin capacity value 208 million, U.S.
• 13:48
  dollars, Realized monetary inflation 1.75%, and the market
• 13:56
  capitalization of Bitcoin $844 billion.
• 14:00
  Bitcoin versus gold market cap 6.13%.
• 14:05
  In the grand scheme of things, Bitcoin is still a tiny little
• 14:09
  baby. Anyways, back to what we were
• 14:12
  talking about in the very beginning of the show.
• 14:15
  Davos, Switzerland. What's happening in Davos?
• 14:18
  The World Economic Forum. The global elites.
• 14:22
  The the the so-called global elites, the leaders of the the
• 14:26
  the biggest corporations leaders of government leaders of Inter
• 14:31
  of of of NGOs. Anyone who's anybody, the the
• 14:34
  very rich and the very powerful are attending the World Economic
• 14:39
  Forum or like we like to call it on simply Bitcoin, the Contilion
• 14:44
  Air Conference, because that's really what it is.
• 14:46
  Anyways Coinbase said something really interesting and this is
• 14:51
  the CFO of Coinbase Elisa Haas and it says quote, Coinbase is a
• 14:57
  trusted counterparty. And you know, we, we, we, we
• 15:02
  tweeted this out from the Simply Bitcoin Twitter account and look
• 15:07
  check out the Bitcoin white paper.
• 15:09
  I think it addresses it perfectly what the Coinbase CEO
• 15:12
  has to say. What is needed is an electronic
• 15:14
  payment system based on cryptographic proof instead of
• 15:17
  trust, allowing any 2 willing parties to transact directly
• 15:21
  with each other without the need for a trusted third party.
• 15:26
  Right. So we're going to get to that
• 15:28
  aspect of why they're advertising, you know, a trusted
• 15:32
  counterparty, right? The whole point of Bitcoin and
• 15:35
  self custody, which to give them credit.
• 15:37
  Swan's done an incredible job by the way, educating and promoting
• 15:41
  this. I think it the last time I saw
• 15:43
  those statistics, it's like 80% of people who've bought Bitcoin
• 15:47
  through Swan have taken that Bitcoin into self custody.
• 15:51
  River is, you know, promoting this as well.
• 15:54
  Strike has been promoting this. The it's so crazy.
• 15:57
  The Bitcoin only companies are OK with self custody, right?
• 16:01
  It's really the altcoin casinos really 'cause that's what
• 16:05
  Coinbase is, in my opinion, you know, that are that are OK with
• 16:08
  this, you know, quote UN quote, trusted counterparty.
• 16:11
  Now I'll let you guys hear the clip and then I have some other
• 16:15
  things to show you and then we'll talk about it.
• 16:17
  What I'm really excited about is Davos will really help us with
• 16:20
  our go broad and grow deep international strategy.
• 16:22
  There's many global leaders here.
• 16:24
  There's an opportunity to talk about crypto regulation.
• 16:26
  There's an opportunity to talk about how crypto will really
• 16:28
  benefit their users and their markets and how Coinbase is a
• 16:31
  trusted counterparty and how we bring a different brand to the
• 16:35
  markets. And so we're really looking
• 16:36
  forward to the meetings that we have on the schedule.
• 16:38
  So I mean, like again, like crypto regulation, you know,
• 16:42
  Coinbase is a trusted counterparty, right, Checking
• 16:45
  all the boxes, getting in bed essentially with, you know, toe
• 16:49
  the party line. But at the end of the day, I'll
• 16:53
  be frank with you guys, this is the separation of money and
• 16:57
  state, OK? You saw how Elizabeth Warren
• 17:00
  reacted to. You saw how Elizabeth Warren
• 17:03
  reacted to the ETF approval. You saw how the Elizabeth Warren
• 17:08
  currently has a bill with 20 senators essentially that would
• 17:12
  ban self custody, peer-to-peer and Bitcoin mining in the United
• 17:17
  States. There's also a similar movement
• 17:19
  happening in Europe, ladies and gentlemen, Bitcoin.
• 17:23
  The revolution is not number go up technology.
• 17:26
  The revolution is not you holding or buying a Bitcoin ETF.
• 17:31
  The revolution is people, individuals taking self custody
• 17:35
  of their wealth and by doing so it makes it very difficult for
• 17:41
  governments to confiscate on a mass scale.
• 17:43
  We're going to go look into a historical example of that in a
• 17:47
  second. But also it makes it very
• 17:51
  difficult for governments to continue to fund themselves on
• 17:54
  currency debasement, right. People have this feeling that
• 17:59
  it's like, yes, the US, we're paying for the war in Ukraine
• 18:03
  through, you know, a tax revenue, No, no, no, no, no,
• 18:07
  massive deficit spending. The US government collects more
• 18:11
  taxes year after year, but it spends more money than it
• 18:15
  collects in tax revenue. In the way that it's able to do
• 18:18
  that is through the printing of money, which affects the lower
• 18:23
  and middle classes the most because the lower and middle
• 18:26
  classes don't have the means to save in assets.
• 18:29
  Therefore they do not bet. They don't.
• 18:32
  They don't benefit from asset inflation.
• 18:34
  So usually what tends to happen is the government prints money,
• 18:38
  the stock market goes through the roof, and real estate market
• 18:41
  goes through the roof as well. But if you're living to
• 18:44
  paycheck, if you're living paycheck to paycheck and you're
• 18:46
  earning and saving in dollars, you're getting poorer, just to
• 18:49
  put it bluntly, right. So the revolution is people
• 18:53
  taking self custody. Now, of course Coinbase is going
• 18:57
  to be very happy, you know, acting as this custodian.
• 19:01
  They're literally the custodian for almost every single spot
• 19:05
  Bitcoin ETF. For Grayscale, the custodian is
• 19:08
  Coinbase. For Arc, it's Coinbase.
• 19:10
  For BlackRock, it's Coinbase. For Bitwise, it's Coinbase.
• 19:13
  For Vanek, it's Gemini. For Wisdom Tree, it's Coinbase.
• 19:17
  For Invesco Slash Galaxy, it's Coinbase.
• 19:19
  For Fidelity, Fidelity is the only one that's doing it right.
• 19:22
  They're taking self custody. For Global X, it's coin base,
• 19:26
  for hashtags it that that information is not publicly
• 19:28
  available and for Franklin Templeton it's coin base.
• 19:31
  So yeah, I mean but here's the danger of this guys.
• 19:35
  And we've been warning about the potential rug pull.
• 19:37
  It even says we read you guys this a couple shows ago.
• 19:41
  It even says that one of the disclosures in the trust
• 19:44
  documents, it literally says that we don't take
• 19:48
  responsibility if the US releases an executive order or
• 19:51
  something like that, that says that we're going to either seize
• 19:55
  or freeze or confiscate, you know, the Bitcoin that is
• 19:59
  sitting in this ETF. And it's not that they're just
• 20:01
  gonna confiscate it and say F you we just took your money,
• 20:04
  what they've done in the past. And if they do this in the
• 20:07
  future, what they're going to do is they're going to seize it and
• 20:11
  confiscate it. You know, for matters of
• 20:14
  national security, you know, Richard Nixon said like, you
• 20:17
  know, to protect the dollar from speculators, whatever their BS
• 20:20
  excuse is going to be. But essentially they're going to
• 20:25
  hand you dollars in return. So they're going to take
• 20:28
  something that's truly scarce and they're going to hand you
• 20:31
  paper of which they can print an unlimited amount of.
• 20:34
  So Richard Nixon said that that in 1971 the dollar the gold was
• 20:42
  it was was going to the dollar was going to go off the gold
• 20:45
  standard. His reasoning was to protect the
• 20:47
  dollars from for the to protect the dollar from speculators.
• 20:50
  But in reality the US government didn't have enough money to for
• 20:54
  the to fund the war in Vietnam, right?
• 20:56
  They needed to print the money. Well this happened in 1933 as
• 20:59
  well under FDR. His reasoning was quote forbidding the
• 21:03
  hoarding of gold coin, gold bullion, gold certificates,
• 21:08
  certificates within the continental United States.
• 21:11
  Now just replace this forbidding the hoarding of Bitcoin within
• 21:16
  the continental United States. The reason that they were able
• 21:20
  to get away with this was because of gold's physical
• 21:22
  characteristics. I'm going to give you 2
• 21:24
  examples. So, example number one, there
• 21:28
  was a need to strengthen the Executive Order 6102, as the one
• 21:32
  prosecution under the order was ruled invalid by Federal Judge
• 21:36
  John M Wolseley on the grounds that the order was signed by the
• 21:39
  President instead of the Secretary of Treasury.
• 21:42
  The circumstances of the case were that a New York attorney
• 21:45
  named Frederick Barber Campbell had one deposit at Chase
• 21:49
  National Bank at over 5000 Troy ounces of gold.
• 21:53
  When Campbell attempted to withdraw the gold, Chase refused
• 21:56
  and Campbell sued Chase, a federal prosecutor then indicted
• 22:00
  Campbell on the following day for failing to surrender his
• 22:03
  gold. Ultimately, the prosecution of
• 22:06
  Campbell failed, but the authority of the federal
• 22:08
  government to seize gold was upheld and Campbell's gold was
• 22:12
  confiscated. So check this out.
• 22:14
  They indicted him for wanting to take back his property of which
• 22:20
  the US government confiscated at the snap of a finger.
• 22:26
  Do you understand that? Do you understand what's going
• 22:28
  on? I like can't is Am I not making
• 22:31
  the the case clear enough for you guys?
• 22:33
  Make fly. So, so switch the, you know,
• 22:38
  switch the thing, replace the word gold and replace it with
• 22:41
  Bitcoin. Oh, I had my Bitcoin with
• 22:44
  Coinbase. They confiscated it.
• 22:47
  And then when I asked for it back, they indicted me for
• 22:51
  asking for that. Now here's the Now change the
• 22:53
  situation, right? If you have your Bitcoin in self
• 22:56
  custody and that happens, you know what's going to happen to
• 22:59
  every bitcoiner in the USI love El Salvador.
• 23:03
  El Salvador seems like a great place to visit this time of
• 23:07
  year. Or maybe not El Salvador, maybe
• 23:08
  another country, right? Bitcoin gives you 2 powers.
• 23:12
  It gives you the power to vote with your feet but also your
• 23:14
  wallet. But only if you take self
• 23:16
  custody and you properly secure your backup wallet, seed word
• 23:19
  and of course, cold storage. You know, get yourself a
• 23:22
  hardware wallet. We recommend the Passport here
• 23:25
  at Simply Bitcoin, a sponsor. Here's another example.
• 23:28
  And this doesn't even have to do with an individual.
• 23:30
  This has to do with a foreign company.
• 23:34
  I'm not even going to try to pronounce that.
• 23:36
  Guys, I'm sorry, Opti, you want to give that a crack?
• 23:39
  Or actually, let's put Dom on the spot.
• 23:41
  Dom, do you want to try to pronounce that?
• 23:45
  Yeah, that's LEBESI Finance Corporation.
• 23:48
  Oh, wow. I'm impressed, bro.
• 23:50
  That was pretty good. That was pretty good.
• 23:52
  I would have butchered that. OK.
• 23:54
  Thanks Dom. Yeah man.
• 23:56
  Dom. Dom has so much swag dude.
• 23:59
  I can't. It's I I feel it.
• 24:00
  I feel it through restream. It's crazy.
• 24:02
  OK. Anyways, So what Dom said was a
• 24:08
  Swiss banking company. They held 1.21 point 25 million.
• 24:16
  Yeah, I said that. Right, Opti, I think.
• 24:18
  Yeah, 1.25 million in gold coins for business use.
• 24:21
  Mind you, this was 1.25 million in the 30s.
• 24:23
  OK, so a lot more these days. The Swiss corporation, the
• 24:28
  Swiss, the Swiss banking company entrusted the gold to an
• 24:31
  American firm for safekeeping. And the Swiss were shocked to
• 24:35
  find that their gold was confiscated.
• 24:38
  The Swiss made appeals but they were denied.
• 24:41
  They were entitled to paper money but not their gold.
• 24:45
  A Swiss company. The Swiss company would have
• 24:48
  lost 40% of their gold's value if they had to buy the same
• 24:54
  amount of gold with the paper money that they received in
• 24:57
  exchange for their confiscated gold.
• 24:59
  So like, just keep that in mind ladies and gentlemen, when if
• 25:03
  you're not taking self custody of your Bitcoin, you're 1
• 25:07
  executive order away from it just being gone.
• 25:12
  And then in return, it's not that they're just going to steal
• 25:14
  it, They're just going to say here's some dollars in return,
• 25:18
  my friend, here, here, here's some dollars.
• 25:21
  The dollars are just as good, right?
• 25:23
  And if you have the audacity to get upset about it, you're
• 25:28
  indicted because they want to make an example out of you,
• 25:30
  right? But if you take self custody of
• 25:33
  your Bitcoin, think about that for a second, right?
• 25:36
  Think about that. Millions of individuals around
• 25:40
  the US, the most heavily armed country in the world, holding
• 25:45
  their own keys. You think the government's going
• 25:47
  to go door to door to door to door to door to door saying,
• 25:52
  hey, give me your money because of the terrible financial
• 25:57
  decisions that we've been making in DC?
• 26:00
  That's going to be a type of different conversation.
• 26:03
  But the reason that they were able to be so successful with
• 26:06
  the 6102 order back in back in the 30s was because of the
• 26:13
  centralization of the custom that gold and ladies and
• 26:17
  gentlemen, exact same thing is happening right now with the
• 26:22
  spot Bitcoin ETF. The government literally has to
• 26:25
  knock on three doors, Coinbase, Gemini and Fidelity.
• 26:30
  And that's it. It's done and dusted.
• 26:33
  So self custody is a revolution. Keep your eye on the ball.
• 26:37
  You know she's saying the quiet part out loud in Davos.
• 26:41
  And I think, and This is why Elizabeth Warren would be OK if
• 26:46
  everyone's Bitcoin was custodied at exchanges.
• 26:48
  She would be totally OK with that.
• 26:50
  What she was, not, what she's not OK with.
• 26:53
  What government officials are not OK with is individuals
• 26:56
  having the capability of storing theoretically millions,
• 27:01
  billions, trillions of dollars by writing 12 words and then by
• 27:05
  doing so, their ability to take that Bitcoin with them and also
• 27:09
  send that Bitcoin to whoever they want around the world,
• 27:12
  right? That is the revolution.
• 27:14
  That's what's actually gonna change things.
• 27:15
  I know I went on a little bit of a ramble, but Opti, what are
• 27:18
  your thoughts on this my friend? Yeah, well, first and foremost
• 27:21
  on that Coinbase clip, you know it, it's Bitcoin, not crypto.
• 27:25
  And there there is a few things besides just the going to Davos
• 27:31
  to basically position themselves as a trusted third party for
• 27:36
  high net worth individuals. That is concerning and and
• 27:39
  personally I think the part in the beginning where she says
• 27:42
  like it's a it's a good opportunity to talk about crypto
• 27:44
  regulations. And we've seen what Brian
• 27:46
  Armstrong has been angling in the last couple definitely in
• 27:50
  the last year. But of course in the last couple
• 27:52
  of years his his framing against the SEC that like oh we're not
• 27:57
  really selling securities that the you know there's Bitcoin and
• 28:01
  all these other cryptos like that is kind of concerning
• 28:04
  considering what we are also hearing coming out of Larry Fink
• 28:08
  himself about like tokenizing all these financialization, the
• 28:11
  products and all this stuff. So it is very interesting.
• 28:15
  You know, to their credit though, going to the belly of
• 28:17
  the beast, I I guess it is looking like a most likely
• 28:21
  profitable strategy is like, you know, get yourself in front of
• 28:25
  all these people, make yourself seem like the trusted third
• 28:28
  party. And as we can see, you know it,
• 28:31
  it is very concerning, at least on a personal level as a Bitcoin
• 28:35
  or as someone that holds Bitcoin that thinks the best way to go
• 28:38
  about this is for you guys to custody your own Bitcoin.
• 28:40
  It is very concerning that what I don't know how many ETFs, I
• 28:44
  think that was like all eleven of them.
• 28:46
  It seemed like maybe three of them aren't using Coinbase for
• 28:49
  custody. And look, Coinbase had a a huge
• 28:55
  lead in the Bitcoin space. They went down the shit coin
• 28:58
  casino route. And so personally it doesn't
• 29:02
  make me it doesn't sit well in, in my opinion that all of that
• 29:06
  Wall Street money is going to be held by Coinbase.
• 29:09
  Obviously for their business it's probably going to be a good
• 29:13
  look. But for us bitcoiners out here
• 29:15
  that are just always waiting for a new rug pull, it's like man,
• 29:18
  this is it could get quite concerning in the future but
• 29:22
  shouts out to Fidelity and Vanek for switching it up and not
• 29:26
  using Coinbase. We know that Vanek, they've been
• 29:29
  in Bitcoin for a while they they seem to be bitcoins.
• 29:32
  Fidelity's been in Bitcoin for a long time.
• 29:34
  They drop a lot of great great research themselves.
• 29:37
  So I think this is hopefully this is just kind of early
• 29:41
  stages in this because it is, it's still pretty pretty, you
• 29:46
  know, unmature, I guess maybe I'm making up words here again
• 29:50
  and everyone's trolling me about frant ran.
• 29:52
  I misspoke. Anyways.
• 29:53
  Ran frant ran frant ran. I mean, I think this is what
• 29:58
  it's all about. This is why we always say that
• 30:01
  of course you should be custodying your Bitcoin and
• 30:04
  before people pick pick on certain threads like we know
• 30:07
  that high net worth individuals aren't going to be taking the
• 30:10
  corporation's balance sheet and someone custodying that Bitcoin.
• 30:13
  Like we totally understand this but we understand that most
• 30:15
  people that watch our show are just individuals and and what we
• 30:18
  really want to do is spread the signal that you you don't have
• 30:22
  to just slowly lose your value and save in dollars you you can
• 30:26
  protect yourself today property rights in cyberspace.
• 30:29
  The sailor always says, save in Bitcoin, take Bitcoin off
• 30:32
  exchanges, transact peer-to-peer, hold it, hold your
• 30:36
  Bitcoin in cold storage. This is the way to protect
• 30:39
  yourself. Because I fundamentally believe
• 30:41
  what Nika said, that I just don't think it's feasible for
• 30:45
  any government to go around door to door and try to take your
• 30:48
  Bitcoin. And this is the future we're
• 30:50
  moving in. It's a sovereign individual
• 30:52
  playing out in real time and you can protect yourself by storing
• 30:56
  your value in Bitcoin in an asset that cannot be the base
• 30:59
  and then of course taking your Bitcoin into custody.
• 31:02
  And if you have a lot of wealth then most likely going towards a
• 31:06
  multi sig setup anyways. Dom, what's good?
• 31:10
  So Walt Disney taught us about third party custodians way back.
• 31:15
  And if you don't remember which movie it was, Jungle Book, you
• 31:19
  guys remember Kaw the snake, right?
• 31:22
  He's like this. Trust in me.
• 31:24
  The eyes are spinning. Trust in me.
• 31:26
  And then as he's saying that the snake is wrapping around to
• 31:30
  squeeze you. No, no difference here.
• 31:33
  You know, Nico just put it a lot more eloquently and broke down
• 31:36
  the complexities. But one of the things I said at
• 31:40
  adopting Bitcoin when I spoke to, you know, addressing
• 31:43
  specifically to workers and and obviously that's my mission is
• 31:47
  to is to, you know, help workers find Bitcoin is what do you own
• 31:52
  outside of the system. What is that?
• 31:55
  That conference is called Davos, the pronunciation, the Davos,
• 31:59
  Davos, Davos, Davos, those people.
• 32:04
  I said it that when I spoke it adopted Bitcoin.
• 32:06
  I said to the crowd, who here can get AUS Senator on the phone
• 32:12
  within 5 minutes? Raise your hand.
• 32:14
  I'll give you, I'll give you a million Sats if you can do it
• 32:18
  right now and get them on FaceTime.
• 32:20
  Obviously no one can. None of us can.
• 32:22
  The people at that conference can.
• 32:24
  And the people at that conference, they control all the
• 32:27
  assets that you think are yours. Real estate, even gold equities,
• 32:33
  the stuff in the four O 1K and so if they coordinate and want
• 32:37
  to they will make those things behave what is in their best
• 32:41
  interest. Obviously with self custody
• 32:43
  Bitcoin they cannot do that, they cannot alter that, they
• 32:47
  can't change the supply, They can try to manipulate the market
• 32:51
  as a whole, but that assets going to remain intact in your
• 32:55
  possession. So we can play out a lot of what
• 32:58
  ifs, you know, going back to when they confiscated gold.
• 33:01
  How would they do that in which way.
• 33:03
  Just remember, if you know a custodian is telling you to
• 33:07
  trust them you start by looking at them.
• 33:09
  Just like Mowgli should have looked at Kaw the snake.
• 33:13
  They're wrapping the coil around you.
• 33:15
  They can do it a tons of different ways.
• 33:17
  They have all the levers. But if you self custody Bitcoin,
• 33:22
  those those little eyes that are spinning they they don't
• 33:24
  remember when Mowgli's immune to the snake.
• 33:26
  And and and Oh no it's you know who's immune to the snake is
• 33:31
  sheer Khan. He tried.
• 33:32
  He's like get out of here dude. Sheer Khan's smart dude.
• 33:34
  You know what I mean? He's like, dude, come on bro.
• 33:36
  I know, I know what you're up to.
• 33:37
  So self custody Bitcoin. And don't get hypnotized by Kaw
• 33:41
  the snake, AKA any custodian in the world.
• 33:45
  Yeah, the The Jungle Book reference is really resonating
• 33:48
  with our audience. Dom man.
• 33:50
  Dom Bro. Holy shit.
• 33:51
  Dom Dong's Dom has swag. Dom has with the mustache, with
• 33:56
  The Jungle Book references. It's too much.
• 33:59
  It's too much for me to handle. Anyways, guys, before we move on
• 34:03
  to the news segment, I do want to give a bit of a shout out to
• 34:07
  our new sponsor. You know, Scott's Build a Mine
• 34:11
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  So I just want to give a shout out to that and let's move on to
• 34:28
  numbers. Let's check it out.
• 34:29
  Here we go. I want to give a shout out to
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  Satoshis the Daily News. I want to give a shout out to
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  our sponsor, Foundation Devices. It's self custody done right.
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  the show notes below to learn more.
• 36:29
  All right, guys, the QR code right now on your screen, it'll
• 36:32
  take you directly to the Foundation Devices website,
• 36:35
  where you can get yourself a Passport hardware wallet.
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  Remember, guys, not your keys, not your Bitcoin.
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  storage. Remember, guys, not your keys,
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  not your cheese. All right everybody, let's get
• 36:50
  to today's news, which is, you know, I said it in the opening
• 36:54
  monologue a little bit, But to give a little bit of a
• 36:57
  refresher, I tweeted this out January 8th.
• 37:00
  I said Wall Street thinks it will change Bitcoin, but it will
• 37:02
  be Bitcoin that will change Wall Street.
• 37:05
  And why am I saying this? Because it's already happening
• 37:08
  before our eyes. We have Vanek.
• 37:11
  Vanek is one of the spot Bitcoin ETFs that got approved.
• 37:15
  I love their ticker. Their ticker.
• 37:17
  Their ticker is literally, it's called huddle, which I think is
• 37:20
  badass. I think they have the best one
• 37:22
  and I and and I believe they also have some of the best
• 37:24
  commercials as well that that they've, that we've played.
• 37:27
  That they've played or that we've played.
• 37:30
  But check out what they're doing.
• 37:32
  Vanek to donate 5% of its Bitcoin ETF profits to support
• 37:37
  Bitcoin core developers. That's right, ladies and
• 37:39
  gentlemen. Wall Street is now funding the
• 37:43
  development of Bitcoin. And a lot of Bitcoiners are
• 37:46
  going to be like this is whatever this is sucks.
• 37:49
  You know, this is, this is, this is just kind of weird like this.
• 37:54
  Look guys, if you want hyper bitcoinization, Bitcoin is the
• 37:58
  money of enemies. This was a path that was always
• 38:01
  going to be crossed. I mean this was a bridge that
• 38:03
  was always going to be crossed. I think that the the spot
• 38:07
  Bitcoin ETFs are a Trojan horse for self custody down the road
• 38:11
  once people realize that hey, I don't have to be paying fees if
• 38:15
  I just take self custody of my Bitcoin.
• 38:17
  So I think it's a step in the right direction and the fact
• 38:20
  that Wall Street is giving back a percentage of the profits.
• 38:23
  Specifically in Vanek's situation, they're giving back
• 38:26
  5%. I think it's a big deal.
• 38:28
  Let me read some of the details, says we're not Bitcoin tourists
• 38:32
  at Vanek, we're in it for the long haul.
• 38:35
  That's why we made an initial $10,000 donation and signed a
• 38:38
  pledge to donate 5% of our Bitcoin ETF profits to support
• 38:42
  Bitcoin Core devs for at least 10 years.
• 38:47
  We also know that investing in Bitcoin is difficult to due to
• 38:50
  its newness and volatility, among other risks.
• 38:53
  This is why we scream for investors to dollar cost
• 38:56
  average, start right away small, but dollar cost average over
• 38:59
  time and hold on for dear life or huddle right they're shilling
• 39:03
  their own ticker. Last, we put our money where our
• 39:05
  mouth is by providing the biggest seed capital of any ETF,
• 39:09
  about 72 million at the time. A similar pledge by Vanek was
• 39:15
  made in October last year when the company announced its plans
• 39:18
  to donate. I don't like this part, 10% of
• 39:21
  its profits from its ether futures ETF to ether Ethereum
• 39:25
  developers. So I'm not a fan of the last
• 39:27
  part, but I am a really big fan of this part.
• 39:30
  And why are they giving more to ETH?
• 39:32
  What the fuck? What the fuck is up with that?
• 39:35
  Whatever. It's a good start, I guess, but
• 39:38
  it's also not only Vanek. Bitwise will donate 10% of its
• 39:43
  Bitcoin ETF profits to Brink, Open Sats and the Human Rights
• 39:47
  Foundation. So shout out to Odell, Open Sats
• 39:51
  and shout out to all the other Bitcoiners are part of that.
• 39:54
  Shout out to Alex Gladstein. CK totally deserve it.
• 39:57
  This is crazy. Bitwise will be donating 10% of
• 40:00
  its profits from its Bitcoin ETF to Open Sats, the Human Rights
• 40:03
  Foundation and BRIC, all split evenly for the next 10 years.
• 40:09
  It goes on to say Bit Bitcoin was launched 15 years, 15 years
• 40:13
  ago without a fundraise. It is maintained by a dedicated
• 40:16
  community of open source developers who work tirelessly
• 40:20
  to improve Bitcoin security, scalability and usability.
• 40:23
  They're the unsung heroes. All Bitcoin investors benefit
• 40:27
  from the this open source work, but it is difficult for anyone
• 40:31
  investor to pick up the bill with the recurring donation.
• 40:35
  I'm assuming that's their that's their ticker.
• 40:37
  The BITB creates a strong alignment between Bitcoin
• 40:41
  investors and the strength of the underlying open source
• 40:45
  infrastructure. We selected Bitcoin Brink,
• 40:48
  Opensats and Human Rights Foundation, fantastic nonprofit
• 40:52
  organizations with established track records to receive and
• 40:56
  allocate BITBS recurring donations.
• 40:59
  The donations have no strings attached and will be made
• 41:03
  annually for at least the next 10 years.
• 41:06
  Bitwise first filed for a spot Bitcoin ETF five years ago.
• 41:11
  Today is a milestone we do not take lightly.
• 41:13
  Our vision and hope for BITB is to be the ETF this space
• 41:19
  deserves. If you support this recurring
• 41:21
  donation to Bitcoin open source development, please help spread
• 41:25
  the word about BITB. Finally, we want to express
• 41:29
  gratitude to the developers, researchers, builders,
• 41:32
  educators, investors, and the whole community striving to
• 41:35
  change the world for the better through Bitcoin.
• 41:38
  The future is brighter because of you.
• 41:40
  Now remember what I talked talked about in the opening
• 41:43
  monologue about aligned incentives?
• 41:47
  And here's a great example of that.
• 41:48
  If you support the recurring donation to Bitcoin open source
• 41:52
  development, please help spread the word about Bitv so they're
• 41:56
  in their good graces. It's like, look guys, we're
• 41:58
  giving back to the community. This is why you have to buy the
• 42:02
  bitwise ETF, right? And Venek too.
• 42:05
  Like you know it it this is what I'm talking about.
• 42:07
  Aligned incentives. This isn't just Wall Street
• 42:10
  saying you know what we like, We love Bitcoin.
• 42:14
  We got to give back, we got to say all the right things and all
• 42:17
  the right wording and all the right thing.
• 42:19
  No, they're basically trying to incentivize people, right?
• 42:23
  And Rave Elevator says it perfectly sounds like a tax
• 42:26
  write off donation. Exactly.
• 42:28
  So I don't believe the reasonings, but this is another
• 42:32
  example of aligned incentive structures doing what aligned
• 42:36
  incentive structures do. And in a line incentive
• 42:39
  structure, everyone wins, right? Unlike the Fiat incentive
• 42:43
  structure where an elite few benefit, the party of Davos, the
• 42:48
  World Economic Forum elite, right.
• 42:50
  And then everyone else, you know, is not invited to the
• 42:53
  party, Bitcoin, everyone benefits equally, right?
• 42:57
  So Michael Saylor, you know, with his hundreds of thousands
• 43:01
  of Bitcoin and you know the Pleb that has .05, they're going to
• 43:05
  benefit equally from that gain. And let's say they wanted to buy
• 43:08
  Bitcoin. Both of them, They have to pay
• 43:11
  the same price, right? Michael Saylor doesn't get
• 43:13
  special treatment. So it is a much, much fair
• 43:16
  system despite what politicians like Elizabeth Warren have to
• 43:19
  say about it. So anyways, I I I mean, I like,
• 43:23
  it's cool. Like I my my stance is this,
• 43:26
  like shout out to Van Eck and shout out to Bitwise.
• 43:30
  But at the same time, like I know they're not doing this, you
• 43:33
  know, to to support the community.
• 43:35
  I think they're doing this to get customers to show good
• 43:38
  faith. And I think they're they're
• 43:40
  they're doing this to protect their bags, right.
• 43:42
  They're they they benefit from from Bitcoin development.
• 43:45
  But this is aligned incentives doing what aligned incentives
• 43:48
  do. So anyways we're going to start
• 43:49
  off with the Dom. I'm really excited to hear what
• 43:52
  reference he's going to use this time.
• 43:54
  Sure. I'll drop another movie
• 43:55
  reference if if I can. So again I think I think as Wall
• 43:59
  Street gets into this game we're going to see a lot of double
• 44:02
  edged swords and you know a lot of good things that are wrapped
• 44:08
  and maybe dangerous bad things. I see in some of the comments of
• 44:11
  course people are throwing out that it's self-serving a tax
• 44:14
  write off that they're trying to set up you know influence to to
• 44:18
  better to to have to be able to better influence Bitcoin Core
• 44:23
  and developers etcetera. You just assume that everything
• 44:26
  like that is true. I'll give a movie reference
• 44:28
  here. Dodgeball Globo gym.
• 44:30
  Dude, you know that the evil gym that wants to take over all the
• 44:34
  gyms and then you have what's the one Little Joe's or Joe's
• 44:37
  gym or whatever. It's like the local for the the
• 44:40
  everyday folks, you got to just assume these things are true,
• 44:44
  but take advantage of the gift that's been dropped.
• 44:48
  As I learn more about the protocol, I learned that the
• 44:51
  maintenance and upkeep in the work that goes on behind the
• 44:53
  scenes with every layer I peel back to learn more about
• 44:56
  Bitcoin. I'm like, wow, this there's a
• 44:58
  ton of work here. And it's it's you know
• 45:03
  strengthening that work when you have core developers that can
• 45:07
  dedicate more time to keeping Bitcoin running uninterrupted
• 45:13
  and the strongest decentralized network in the world that's only
• 45:17
  getting bigger. So these things are kind of like
• 45:20
  weaving in. It's on us to learn more, engage
• 45:24
  more, participate more and prevent those things that we
• 45:28
  think could be attached to these good gestures And and we have to
• 45:33
  just monitor those, assume that they can be a real possibility
• 45:36
  and do our part to to prevent them from, you know, tainting
• 45:41
  this beautiful thing that we have.
• 45:42
  That's Bitcoin. 100% and and that's going to happen guys.
• 45:45
  But you know someone Opti, could you pull up that last comment
• 45:49
  because I think it's by by Jess everything cuz I'll trust mutual
• 45:54
  self-interest more than I'll trust most things.
• 45:57
  And this is a phenomenon that you'll see over and over and
• 46:00
  over and over and over and over again happen in Bitcoin.
• 46:03
  And this is what I'm talking about, align incentives.
• 46:05
  Once you see it, you won't be able to Unsee it.
• 46:09
  We had another comment by Apola G says ETF Vanek sounds
• 46:14
  self-serving. It totally is.
• 46:17
  But we had someone respond saying doesn't matter why they
• 46:19
  donate, they strengthen Bitcoin. However however, however right,
• 46:24
  they did say no strings attached, but you know Wall
• 46:27
  Street, I don't really trust that.
• 46:30
  So I I really agree with Dom's perspective that we really have
• 46:34
  to be aware of. You know, is it really no
• 46:37
  strings attached, right? Because I, I, I don't forget the
• 46:40
  four cores, right? The four cores were literally
• 46:43
  the, you know, the strongest corporations in Bitcoin.
• 46:46
  The largest Bitcoin, not only one of the largest Bitcoin
• 46:49
  miners, but also the largest ASIC manufacturers.
• 46:52
  Bit Main and Jihan try to make the blocks bigger, therefore
• 46:58
  making the network less decentralized because it would
• 47:02
  raise the resource requirements to run a node, right?
• 47:06
  So yeah, I mean, we won the fork wars, right?
• 47:10
  The community, the people won the fork wars, but we have to
• 47:13
  remain ever so vigilant. I love that takedown.
• 47:17
  Anyways. Opti, what's your take on all
• 47:20
  this bro? Yeah, well First off, of course.
• 47:23
  Like, on the surface, this sounds great.
• 47:25
  There's countless stories of open source developers in
• 47:27
  Bitcoin that either aren't paid well or can barely pay for their
• 47:32
  living and have to go find Fiat job.
• 47:34
  So you know I really do like the initiative but of course you
• 47:38
  know there is a real concern about Co opting Bitcoin and
• 47:41
  shipping code that hurts users and and like that should be a
• 47:44
  real concern. I I love the cynicism and the
• 47:46
  skepticism from everyone but going through open sets like I
• 47:50
  know the guys over at open sets like Odell's an advisor shouts
• 47:54
  out to Ben he's he's a great dude.
• 47:57
  Gigi's on the board. So like you know the bitwise
• 48:01
  donations of this I I think is is going to be absolutely
• 48:04
  beneficial for Bitcoin in general because the guys over at
• 48:07
  Open Sets are doing great work and I'm pretty sure that they
• 48:11
  will pick some good good projects to send money to and
• 48:15
  some good developers. So like to me I I do like the
• 48:19
  initiative even though I am kind of concerned about if there will
• 48:23
  be strings attached and what's going on and then on the like
• 48:26
  self-serving stuff guys like self-interest is good.
• 48:29
  We are all self interested in Bitcoin surviving because we
• 48:33
  need it to store our value moving through space and time
• 48:36
  And of course we are all self interested in making sure that
• 48:40
  our nodes are verifying the Bitcoin network and the rules
• 48:43
  that we run. So I I don't think that we
• 48:45
  should really frame this as oh self-interest is bad because you
• 48:49
  know I keep thinking of the Wall Street movie reference like
• 48:51
  greed is good. We are all here to see Bitcoin
• 48:55
  store value through time and space.
• 48:57
  So like, I absolutely love this and and like to be completely
• 49:01
  fair to the ETF issuers, like getting bit corners to support
• 49:06
  your ETF is good for that product.
• 49:07
  So like this isn't just them like being you know, completely
• 49:14
  I I'm blanking on the word benevolent here and they're just
• 49:17
  like oh we're doing this for the good of the Bitcoin networks.
• 49:19
  Like, no, we're all self interested in making sure that
• 49:22
  Bitcoin does strengthen, that Bitcoin does go up in value and
• 49:25
  that Bitcoin does survive the long route.
• 49:27
  So of course would love and and support the idea of these ETFs
• 49:34
  donating to open source developers.
• 49:35
  Because I if you guys have been here for a while, you guys know
• 49:39
  that open source development is really like an unsung job.
• 49:43
  You know, there there is no one that pays you directly unless
• 49:46
  you are a part of a project and you're really just building a
• 49:49
  reputation so that you can continue to work on Bitcoin and
• 49:52
  hopefully get some of these donations yourself because you
• 49:55
  know it's really value for value coding.
• 49:58
  And there's so many stories that I've come across of open source
• 50:02
  developers that have to leave Bitcoin because they just can't
• 50:05
  pay the bills. And so you know, love to see
• 50:07
  this, would would really love to see more Bitcoin ETFs do the
• 50:11
  same thing because again, we're all self interested in seeing
• 50:14
  Bitcoin succeed and this shouldn't be something that we
• 50:18
  take as a bad thing. Like I am self interested in
• 50:21
  seeing Bitcoin succeed. There's no shame in this.
• 50:25
  Like I think Bitcoin is the best way to store value and I run the
• 50:29
  code that I wanna run and if they do ship some bad code like
• 50:33
  don't update your node right away just be a little.
• 50:36
  Literally, This is why you have to run.
• 50:38
  This is literally why you have to run your own node.
• 50:40
  And guys, you could check the link in the video description.
• 50:45
  I recommend the start nine. That's the one, The one, the one
• 50:47
  that I use personally, the the server peer.
• 50:50
  It's badass. It's it's a workhorse.
• 50:53
  It's amazing. Definitely recommend start nine.
• 50:55
  You could also just download the start 9 operating system on an
• 50:58
  old computer, right? You have absolutely no excuse to
• 51:01
  run a node at this point, because if you don't run a node,
• 51:05
  you don't have a vote. Really, you don't have a vote of
• 51:07
  which Bitcoin software you want to run, of which Bitcoin
• 51:10
  software you you you do want to run.
• 51:13
  So anyways, I do want to give a Dom.
• 51:17
  I I was only going to say one more thing along the lines of
• 51:19
  running the node, you know, and what Opti and you guys were
• 51:21
  saying. The best offense to that is
• 51:24
  continuing to learn about Bitcoin, the network, the
• 51:27
  protocol, the fundamentals. Every day I realize like how
• 51:32
  naive I am on that aspect of Bitcoin.
• 51:35
  And of course I love jumping in about the ETF and talking about
• 51:40
  this like glow, how you know the power plays and the big global,
• 51:44
  you know, outlook about who's going to get into Bitcoin and
• 51:47
  the sovereign wealth funds and who's mining and the the the the
• 51:50
  war theories and and all that stuff.
• 51:52
  But that everyone, all of us have so much to learn on the
• 51:57
  network, the protocol and the history, the inner workings of
• 52:00
  that. And the more time we dedicate to
• 52:03
  learning about that, it forms like a natural defense against
• 52:07
  these bad actors that may or may not be trying to influence
• 52:12
  Bitcoin. And so like you know again
• 52:15
  echoing your guys comments about running a node, learning more,
• 52:18
  getting engaged, you know studying the bit process and and
• 52:23
  just like learning about these things is really valuable to to
• 52:27
  any of these perceived threats. 100% completely agree with that
• 52:31
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• 54:45
  All right, Dom, the man, the myth, the legend.
• 54:48
  Let's just start for those that aren't familiar with what Proof
• 54:52
  of Workforce is, and then we'll go into some updates.
• 54:55
  So again, guys? Dom, what exactly are you
• 54:59
  working on at Proof of Workforce?
• 55:01
  Yeah, so proof of workforce is a non profit.
• 55:04
  It's a 5O1C4 and our mission is to find the bitcoiners in any
• 55:11
  workplace or workplace organization and provide them
• 55:15
  with free resources to help Orange Pill, whether it be their
• 55:19
  union, their workplace, their organization, etcetera.
• 55:23
  That's our mission. Last year we got 3 unions to add
• 55:28
  Bitcoin to the balance sheet, all starting from a place of
• 55:31
  self custody, which was huge. Starting with Santa Monica,
• 55:36
  firefighters made history and being the first union to self
• 55:40
  custody Bitcoin in the country. We have an incredible board with
• 55:43
  a a lot of a lot of depth in the space.
• 55:47
  We, you know, we'll travel to go talk to organizations, we'll
• 55:51
  talk at union meetings, we'll talk to pension funds and it's
• 55:55
  really important for us all the things we talked about on this
• 55:58
  show to to approach them as a no strings attached.
• 56:02
  We have no product, we sell no product and we want to educate
• 56:08
  organizations to take their own steps towards Bitcoin.
• 56:11
  But we really want to teach them about self custody, Bitcoin and
• 56:15
  the importance of what it means Bitcoin to network.
• 56:18
  Even if even if we are talking to a pension fund that says,
• 56:21
  hey, the only way we can get into Bitcoin is through an ETF,
• 56:25
  that's all that's set up right now.
• 56:27
  OK, that may be their path, but please, like let's talk about
• 56:31
  self custody and let's talk about Bitcoin, because even
• 56:35
  pension funds have fallen to the sword of the Wall Street giants.
• 56:40
  Just look at the financial crisis in O 8 and have been, you
• 56:44
  know, butchered as far as their holdings and what they
• 56:48
  represent. And so it's really important to
• 56:50
  understand Bitcoin, why it exists out of the system, why it
• 56:54
  was created. That's our mission to proof of
• 56:56
  workforce. We're already ripping in 2024,
• 57:00
  but we do depend on anyone out there to help spread the word.
• 57:04
  Tell people that you know in different industries, whether
• 57:07
  they're electricians, firefighters, police officers,
• 57:10
  nurses, teachers. Like these are all people that
• 57:13
  trade their time for money. And unfortunately, a lot of time
• 57:17
  that money does not hold up over time and they lose.
• 57:21
  So we want to help them win and find Bitcoin, just like all of
• 57:25
  us on this show have found it. Love it bro.
• 57:28
  Love it. OK.
• 57:29
  And you mentioned the ETF, so I do want to get to what the
• 57:34
  response has been from pension funds and stuff, but you already
• 57:37
  mentioned it. So what should people in
• 57:42
  pensions just be buying the spot Bitcoin ETF or should they be
• 57:46
  custodying their Bitcoin? What's been the feedback on that
• 57:49
  point and what's your thoughts on that?
• 57:51
  So First off, just the overall perception of Bitcoin.
• 57:54
  You know, I, I tweeted out a while ago that I think that
• 57:57
  pensions are going to be a slow moving ship when it comes to the
• 58:00
  ETF. I think a lot of family wealth,
• 58:02
  offices and you know, funds that are privately managed are going
• 58:06
  to be the first to move on those.
• 58:09
  You know, we got to remember, despite all these big Wall
• 58:13
  Street players now putting out commercials, the same people
• 58:17
  that own a majority of the mainstream media have been
• 58:21
  hammering Bitcoin for at least a decade.
• 58:25
  And I'm sure if you tally up the amount of negative press on
• 58:28
  Bitcoin verse positive press, it must be overwhelming.
• 58:32
  And so naturally, pension fund managers, they've been told for
• 58:36
  10 years, this thing's bad. It's a scam, it's no good.
• 58:38
  It's FTX, it's Celsius, it's all the negative stuff.
• 58:41
  It's like your career risk is through the roof.
• 58:43
  You're a clown. If you even mention this or have
• 58:46
  someone talk about it. Now there's a commercial saying
• 58:49
  that, oh, this is the future and this is hope.
• 58:53
  Whoa. Like, that's going to punch a
• 58:55
  lot of fund managers in the face and they're still going to be
• 58:58
  very distant. So in my conversations with
• 59:01
  different pension fund folks, they're still hesitant.
• 59:05
  They're not sold yet by these massive, you know, Wall Street
• 59:09
  giants all of a sudden doing a 180 on how they look at Bitcoin.
• 59:13
  I think that'll take time, but of course there's an opportunity
• 59:16
  there to teach them about Bitcoin.
• 59:19
  And so I think we have some time before they jump in why they
• 59:25
  should put it on the balance sheet for all the reasons we
• 59:29
  know and love, right? It is outside of the system.
• 59:32
  It is low risk. The asymmetrical upside is
• 59:36
  through the roof. There's more to it than just an
• 59:40
  asset. Even though Larry Fink and every
• 59:42
  time he talks now, he really wants you to to focus that this
• 59:45
  is an asset and he wants you to forget that this is the most
• 59:49
  powerful decentralized network on the planet.
• 59:52
  But we're not going to forget and and we're going to make sure
• 59:55
  the pension funds learn this and don't ever forget either.
• 59:59
  And so I think there's a lot of benefit if your pension fund and
• 1:00:03
  your mission is to protect the priceless time that that's been,
• 1:00:08
  you know, contributed by workers so that they can retire.
• 1:00:12
  You want to make sure that you have some kind of allocation to
• 1:00:15
  something that cannot be taken. Nico mentioned it about the
• 1:00:21
  confiscation thing. Who knows what can happen, but
• 1:00:24
  also something that can't be taken from like a slow bleed
• 1:00:27
  type of loss and and it's easy when the shit hits the fan like
• 1:00:33
  in a financial crisis to go. How do we balance this Fiat
• 1:00:36
  Ledger after this calamity? I know Nico and Opti, Y'all.
• 1:00:41
  We're going to retire at 57. Let's push that to 65.
• 1:00:44
  What's 8 years to us? I don't care.
• 1:00:46
  We just up in Wall Street at the racquetball club.
• 1:00:49
  We don't care if you have to work an extra 7 years and if you
• 1:00:52
  die during those seven years at work instead of retiring like
• 1:00:56
  you know, God bless. Hopefully you leave a little
• 1:00:59
  something to the to the folks. They asked cities for more money
• 1:01:02
  into the pension funds. They say hey O Opti and Nico, we
• 1:01:06
  need a bigger chunk of your salary, your take home salary.
• 1:01:09
  Forget about what you're saving towards.
• 1:01:11
  We need that to balance the Ledger.
• 1:01:12
  And it's easy. Someone was joking on there and
• 1:01:15
  said that my movie reference was for ants.
• 1:01:17
  But it's easy to take a couple little crumbs from ants on an
• 1:01:21
  aggregate level then to take from the rich and powerful at a
• 1:01:24
  big scale to take, you know, take someone who has, you know,
• 1:01:28
  $500 billion in wealth and say we're going to take 100 billion.
• 1:01:32
  That person is going to do everything in their power to
• 1:01:35
  wreck you and fight that, so it's easy to take from the ants.
• 1:01:39
  That's us. The people that work every day
• 1:01:41
  trade our time for money. So I know I went on a little bit
• 1:01:44
  of a rant there. No, no, not at all bro.
• 1:01:46
  This is what this like we this is the whole to give you a
• 1:01:50
  platform because these projects are just so important.
• 1:01:54
  Bitcoin is middle class money like Bitcoin is you know,
• 1:01:58
  because it it it think about it it for the first time in human
• 1:02:01
  history, you know the workers, lower class, middle class
• 1:02:05
  people. You have the ability to earn in
• 1:02:08
  the money and save in the money that it that can't be debased
• 1:02:11
  and can't be confiscated. I mean it's the same thing.
• 1:02:14
  Debasement confiscation is really the same thing but it
• 1:02:16
  protects, it protects the little guy.
• 1:02:19
  It protects the the, the everyday person.
• 1:02:22
  And that's what to me that's what's so special about Bitcoin
• 1:02:26
  really. So no, Dom, I, I I do not accept
• 1:02:29
  your apology. I wish your your rant was 5-10
• 1:02:33
  minutes longer. Oh thank you guys.
• 1:02:35
  I'm, I'm passionate about it. I love to see workers win.
• 1:02:38
  I think everyday people, right. That's that's all of us.
• 1:02:42
  And you know it's it's it's really important to help that
• 1:02:46
  them find that things have have heated up a little bit and now
• 1:02:51
  guess what Wall Street is trying to find people too.
• 1:02:55
  And they're using their power and tools.
• 1:02:57
  But we have more numbers than they do.
• 1:03:00
  We interact with people face to face more than they do through
• 1:03:03
  the television, through the computer, through your, your
• 1:03:07
  iPhone. And we can help spread this word
• 1:03:10
  and and actually defeat them even though we don't have the
• 1:03:13
  same resources. So again, you know, we take the
• 1:03:17
  good from what Wall Street is doing with the ETF.
• 1:03:20
  It's get off 0 is the name of the game.
• 1:03:22
  And if that means that an ETF is the only way that an
• 1:03:25
  organization or a pension can get off 0, great.
• 1:03:28
  But we us will be right there at that point to go, OK, hey, boom,
• 1:03:33
  like wake up and look at this thing that's going on.
• 1:03:37
  Look at Bitcoin. Look at how they're trying to
• 1:03:39
  use it. And at least understand that,
• 1:03:43
  like how Bitcoin works and the fact that you are buying shares
• 1:03:47
  of a fund where other people own the most magical part of the
• 1:03:52
  thing that they're trying to get you in to invest in.
• 1:03:55
  They own that you don't. So why don't you see if there's
• 1:03:58
  a way for you to own that magical thing that they're
• 1:04:00
  selling you, You know what I mean?
• 1:04:02
  So they're selling you the Beanstalk without the beans.
• 1:04:05
  You know, another reference there.
• 1:04:06
  I don't know if there's a movie on Jack and the Beanstalk, but
• 1:04:09
  you know. Love it.
• 1:04:11
  One more question. We got a comment, we got a
• 1:04:15
  comment and then we'll go back to the we'll go back to Opti's
• 1:04:17
  questions. So simply, Bitcoin love the
• 1:04:20
  show. As always.
• 1:04:21
  Tell the plebs to smash the like.
• 1:04:22
  It's easy and free to do. Absolutely.
• 1:04:24
  Guys. If you are enjoying the show,
• 1:04:26
  make sure to smash that like button.
• 1:04:28
  We're at 100 and almost at 150 likes on YouTube.
• 1:04:31
  We're at 5 likes on Rumble. Rumble's got to step up their
• 1:04:34
  game. We got 41 viewers live on
• 1:04:36
  Rumble. Guys Smash the like button
• 1:04:37
  really, really helps with the algos and we got about 2730
• 1:04:41
  viewers on Twitter. So if you're enjoying the show,
• 1:04:43
  enjoying the live stream, make sure to smash that like button.
• 1:04:46
  Of course, guys, if you've missed the show, you're on the
• 1:04:48
  go. You can't watch the video
• 1:04:50
  version for whatever reason. Make sure to check out the
• 1:04:53
  podcast version of this show. You can find us on Anchor,
• 1:04:57
  Spotify, Apple, Fountain. You could stream us.
• 1:04:59
  That's on Fountain. So yeah guys.
• 1:05:02
  Anyways, Opti. Yeah, questions for.
• 1:05:05
  Dom. The Dom.
• 1:05:06
  The Dom. You were basically a first mover
• 1:05:09
  on this idea and it seems to be catching on.
• 1:05:12
  We even saw Kathy Wood talking about this.
• 1:05:14
  What's your thoughts on what Kathy Wood's been saying lately?
• 1:05:17
  Yeah, I I tweeted out for Kathy Woods to make her first call to
• 1:05:21
  the Chicago pension fund when I read.
• 1:05:23
  I read an article when I read her tweet about that that said
• 1:05:26
  that yeah, here it is. Profits from Chicago's first
• 1:05:30
  casino lower than expected, jeopardizing future pension
• 1:05:34
  funding. Whoa.
• 1:05:36
  So the casinos not doing as well?
• 1:05:38
  Actual casino is not doing as well as we thought.
• 1:05:42
  And now you may have to work a couple years longer.
• 1:05:45
  Maybe you'll pitch in more of your money.
• 1:05:47
  We'll figure it out. Sorry.
• 1:05:49
  Sorry for that crazy stuff. So she's got her work cut out
• 1:05:54
  for her. I'm happy for to see them
• 1:05:55
  reaching out to pension funds. We'll be right there.
• 1:06:00
  What? The minute we see, you know, a
• 1:06:02
  pension fund jump on board with the ETF.
• 1:06:04
  We'll be working triple time to try to at least get them as much
• 1:06:07
  education as possible as to what Bitcoin is.
• 1:06:11
  Where the value is in holding Bitcoin and self custody
• 1:06:14
  exploring ways that pensions can one day do this maybe they build
• 1:06:17
  in house systems similar to like what micro strategy what I've
• 1:06:23
  heard that they've done and building in house you know ways
• 1:06:27
  to custody this. So it's it's awesome.
• 1:06:31
  I love to see it and we're going to we're our focus is heavily on
• 1:06:37
  the participants of the pension and getting them to self
• 1:06:40
  custody. Bitcoin and the unions that make
• 1:06:43
  up the pension participants and I think over time if these
• 1:06:48
  pensions don't come around they're going to start finding
• 1:06:51
  that there. There's a lot of people chirping
• 1:06:53
  up from the participation side saying what are you doing why is
• 1:06:57
  our pension down when even I now have found this incredible thing
• 1:07:01
  that is help helping to protect my retirement and if they if
• 1:07:04
  they aren't careful there may be a group of workers one day I'm
• 1:07:08
  not I don't know when that go we're going to opt out of this
• 1:07:11
  system and form a retirement system based on Bitcoin.
• 1:07:14
  Who knows? You know, anything can happen.
• 1:07:17
  Let's go. All right, guys, I heard you in
• 1:07:19
  the chat, so I cut Nico off. He's no longer on the show
• 1:07:22
  anymore? No, but Dom.
• 1:07:26
  OK, last question. And and it's really more of
• 1:07:30
  future projections. What?
• 1:07:31
  What do you got in the works? Do you have any big names about
• 1:07:34
  the drop, Like any Any new news stories?
• 1:07:36
  And and maybe also like, what's your game plan for 2024?
• 1:07:41
  Yeah, so 2024, we're talking to a handful of unions.
• 1:07:45
  I got a couple of good ones on the East Coast, one in Jersey.
• 1:07:50
  That would be awesome. You know, I just like if I can
• 1:07:52
  go to Jersey and talk to a union about Bitcoin, Like what a what,
• 1:07:55
  a what a treat. I see it from the from the
• 1:07:58
  crowd. My hat, this is a warrior's hat,
• 1:08:00
  has nothing to do with 2024. They're just they're struggling
• 1:08:03
  on the record now. So they need all the help they
• 1:08:05
  can get and then and then so, so we're going to be talking to as
• 1:08:09
  many unions as we can. Pension funds I think on the
• 1:08:13
  docket, bid block, boom, I might be talking there.
• 1:08:18
  So I know, I know y'all are going to be there.
• 1:08:20
  So that would be awesome. Shout out to Gary Leland it's
• 1:08:23
  such an epic conference. Nashville's coming up of course
• 1:08:27
  and and anytime speaking at these conferences want to try to
• 1:08:30
  get workforce organizations to attend, learn and and hear a
• 1:08:34
  message targeted at them. So it's it's boots on the
• 1:08:38
  ground. I'm probably going to try to do
• 1:08:40
  less conference stuff and more going to talk to any any union,
• 1:08:45
  any workplace organization. I will walk Dr. Horseback fly
• 1:08:50
  there by any means necessary. We will get the resources to
• 1:08:54
  you. We will support you bringing
• 1:08:57
  forward a proposal to get your group off of 0.
• 1:09:01
  We have resources. We'll make it happen.
• 1:09:03
  So we're going to continue to. We are nonprofit, so we'll try
• 1:09:07
  to find on the business side people to support our efforts.
• 1:09:11
  And we are going to Orange Pill. I set a goal for 100, no less
• 1:09:15
  than 100 unions to onboard Bitcoin for 2024.
• 1:09:19
  Let's go. Yeah, we'll, we will.
• 1:09:21
  We will make it happen by any means necessary.
• 1:09:24
  Let's go. Hey Don, we do have a comment in
• 1:09:27
  here, someone on Twitter, Greg Hofmeister, he says.
• 1:09:30
  I have a friend who works on Massachusetts pensions fund.
• 1:09:32
  He told me they are looking into BTC ETFs.
• 1:09:36
  Would love to connect with Baywatch.
• 1:09:37
  So if people wanna reach out, where's the best place for them
• 1:09:41
  to reach out to? So we have a proof of
• 1:09:44
  workforce.org. There's a little intake form
• 1:09:46
  that goes right to the e-mail will respond to everyone's
• 1:09:49
  e-mail. Y'all can always message the the
• 1:09:53
  proof of Workforce Twitter handle which is Workforce BTC
• 1:09:57
  and or you can message me directly on Twitter.
• 1:10:00
  My handles Baywatch 1 spelled with my name BEI.
• 1:10:05
  Not Baywatch like the show. Long story to that.
• 1:10:07
  I think I told it on the last show, but reach out with those 3
• 1:10:13
  platforms and we will get back. We will give you the as many
• 1:10:17
  resources as we possibly can, and we will help craft a
• 1:10:21
  proposal to give you the best shot at your organization.
• 1:10:25
  If it's a pension, we'll whatever you think is best and
• 1:10:28
  whatever you can contact you have, we'll follow up and we'll
• 1:10:32
  make it happen. Oh yeah.
• 1:10:33
  Well I mean dude it's it's it's an honor to have you on the show
• 1:10:37
  Dom and this is such an incredible you know project that
• 1:10:42
  you've undertaken. I I, I had the privilege to be
• 1:10:45
  able to produce some of the the one of the the Nakamoto
• 1:10:51
  portfolio shows that that you were doing over at the Swan
• 1:10:54
  channel and just seeing you know you guys with with Hoffa and and
• 1:10:59
  the the I forgot what the name of the website is but just.
• 1:11:03
  Breaking Nakamotoportfolio dot. Comnakamotoportfolio.com and
• 1:11:07
  just breaking it down to you know these people that are in
• 1:11:10
  charge of the pen, the the pensions and it was the 2nd show
• 1:11:14
  with the older gentleman and you know these guys that you know
• 1:11:17
  they've been working their entire lives.
• 1:11:19
  They have no idea that Bitcoin provides a solution.
• 1:11:23
  You know, it provides that sense of of stability, that sense of
• 1:11:27
  like, you know, you're good if you just allocate a small
• 1:11:30
  percentage. It doesn't have to be like Nikko
• 1:11:32
  Opti 130%, you know, but it it could just be a small percentage
• 1:11:38
  point. And just because Bitcoin does
• 1:11:40
  its thing, you know, you allocate 345 percent of your
• 1:11:43
  pension to Bitcoin, it could actually outperform the rest of
• 1:11:46
  your pension. And that's what people don't
• 1:11:48
  understand, right. So, you know, I think you're
• 1:11:50
  doing Satoshi's work. It's an honor to have you on the
• 1:11:54
  show as always and this is so incredibly important ladies and
• 1:11:58
  gentlemen, you know. So if you any pensions, you know
• 1:12:03
  any fire stations, anything that you're thinking about that check
• 1:12:06
  out proofofwork.org, connect with at Baywatch one on Twitter
• 1:12:10
  that's Dom's Twitter handle. Send him Adm and you know, I'm
• 1:12:14
  I'm sure that he he'll take it from there.
• 1:12:16
  So hey, Nico, can I can I chime in here?
• 1:12:19
  Of course, shouts out the Dom, and This is why we do our show
• 1:12:24
  as well. There are bitcoiners that are
• 1:12:28
  only focused on high net worth individuals and of course I'm
• 1:12:32
  not shaming them and there's a lane for everyone, but I also am
• 1:12:37
  very focused on just reaching the everyday person and like
• 1:12:41
  that's why we do what we do. You know, I remember before I
• 1:12:44
  had Bitcoin like it, there was no hope for life.
• 1:12:47
  And I and I try to communicate as much as possible to like my
• 1:12:50
  parents and my friends so that they can also escape the rat
• 1:12:54
  race or at least have a little bit for themselves.
• 1:12:56
  And I just love what you're doing, Don, because you said it,
• 1:12:58
  you say it all the time. You know, you're you're just
• 1:13:00
  trying to reach everyday people and ensure that they have
• 1:13:02
  something to hold on to moving forward because you know the
• 1:13:06
  safety Nets that are out there are most likely not going to be
• 1:13:10
  the safety net that they believe it will be. 100 percent 100, I
• 1:13:13
  100% agree with that statement. Anyways, guys, this is a great
• 1:13:17
  show. Thank you all so much for tuning
• 1:13:20
  in. I want to give a very, very
• 1:13:21
  special shout out. Thanks Opti.
• 1:13:22
  I want to give a very special shout out to our guest, the Dom
• 1:13:27
  Bay. Dom, thank you so much for for
• 1:13:30
  joining us on the show today guys.
• 1:13:31
  You could follow him at Baywatch 1 and you can send them a
• 1:13:36
  Twitter DM. So, Dom, thank you so much for
• 1:13:38
  joining us. Really appreciate it.
• 1:13:40
  Since everyone, since a couple people called me an asshole for
• 1:13:43
  cutting Opti off, I'm going to let Opti close out the show
• 1:13:47
  today. I'm going to elf off.
• 1:13:49
  No, no. Oh, man.
• 1:13:50
  All right. I thought my job was done for
• 1:13:52
  the day. Now, guys like share, subscribe.
• 1:13:54
  We love every single one of you guys.
• 1:13:56
  We appreciate all the support. We appreciate you guys all
• 1:13:59
  talking in the in the YouTube chat, even all the haters.
• 1:14:02
  Thank you for the engagement. It means a lot to us on YouTube.
• 1:14:04
  But it's not just about us here. And it's not about just us here
• 1:14:09
  at Simply Bitcoin. Spread all the Bitcoin signal to
• 1:14:12
  every single person out there, Like share, subscribe.
• 1:14:15
  Of course, We'll be back tomorrow at 12:15 PM Eastern, on
• 1:14:19
  YouTube, on Twitter, on Rumble. We are on anchor.
• 1:14:23
  We love you guys. Have a good rest of your day.
• 1:14:25
  Peace out. Until next time.