Latest / Simply Bitcoin / BREAKING: Bitcoin To Become A Strategic Asset in US | EP 1024

Transcript

BREAKING: Bitcoin To Become A Strategic Asset in US | EP 1024 · Simply Bitcoin

• 0:02
  It's all going to zero against Bitcoin.
• 0:06
  It's going on. Forever.
• 0:15
  You're against Bitcoin. You're against freedom.
• 0:22
  Good morning everybody, welcome to Simply Bitcoin, the most
• 0:26
  watched daily live Bitcoin only show on YouTube, Rumble and
• 0:30
  Twitter. Of course, we're all over the
• 0:31
  Internet, but we cover breaking news culture and mimetic warfare
• 0:35
  and we will be your guides through the separation of money
• 0:37
  in state. And we got a one of those
• 0:39
  episodes today. On one side of the today's
• 0:42
  episode, we will be talking about literally the separation
• 0:45
  of money in state because Germany's selling all of their
• 0:47
  Bitcoin. You love to see it.
• 0:49
  And on the backside, we got a beautiful a glory previous
• 0:52
  headline coming out of Forbes in regards to the conversation
• 0:56
  coming out after Trump has embraced Bitcoin.
• 0:59
  And this headline at Forbes is Trump sparks talks of Bitcoin as
• 1:03
  a strategic reserve asset. And they're they're doing an
• 1:06
  incredible job. We've had a few friends that
• 1:08
  write for Forbes and honestly, we got to give kudos to the
• 1:11
  Forbes team that I think they are doing an incredible job at
• 1:15
  adding Bitcoin signal for the mainstream.
• 1:19
  Or you won't maybe say mainstream, but the legacy
• 1:21
  corporate press, they're continuously dropping some
• 1:24
  really good signal over there on their website, on their
• 1:28
  platform, and you just love to see it.
• 1:30
  And of course, guys, for us here in America, it is 4th of July.
• 1:34
  So this is one of those days where you remember why you are a
• 1:38
  bitcoiner in the 1st place. This is about independence, this
• 1:41
  is about freedom. These are the days that you're
• 1:43
  reminded why we are so adamant, why we are so obsessed with
• 1:48
  freedom money in the 1st place. It's going to be a long journey,
• 1:52
  but it does feel like we are in this point right now, not only
• 1:56
  in America, but on a global scale where we're seeing, I
• 2:00
  don't want to use Nico's turns, but the 4th turning happening
• 2:03
  here and maybe some of us out there.
• 2:06
  And I would I would argue that many Bitcoiners are becoming new
• 2:10
  founding fathers, not only in their own country, but global.
• 2:13
  And this is the beauty of Bitcoin.
• 2:14
  It is ushering in the ideas of freedom on a global scale
• 2:19
  because why should a small group of people have the power to
• 2:23
  print money into Infinity, into oblivion?
• 2:26
  Why you have to work for it, why you got to sweat and and you
• 2:30
  know, cry and figure out how to survive when they can literally
• 2:34
  just print money out of thin air.
• 2:35
  This is why we do what we do as Bitcoiners is because we want to
• 2:39
  have a better money. Fix the money, fix the world.
• 2:42
  And I would argue if the founding fathers of America had
• 2:45
  Bitcoin, they would be obvious Bitcoin maximalist.
• 2:50
  And this is just one of those great days.
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  And today's show is going to definitely touch on all of those
• 2:56
  topics of freedom of the separation of money and state of
• 2:59
  finding your own independence of being sovereign in your own
• 3:03
  right. So we got a great show for you
• 3:05
  guys today in in those terms. But also before we get to the
• 3:09
  news segment, I've seen a lot of you guys in the chats talking
• 3:12
  about the idea of, oh man, there's been record inflows,
• 3:16
  there's the ETFs going on, like why is the Bitcoin price
• 3:20
  dumping? What's going on out here?
• 3:22
  So for the new people in the chat hanging out with us, we're
• 3:25
  going to cover some signal on why we think the Bitcoin price
• 3:29
  is dumping. I saw yesterday right when I got
• 3:32
  off the show that Nico did a really good presentation or he
• 3:38
  was moderating a panel at the Bitcoin Rodeo in Calgary,
• 3:42
  Canada, and they literally hit on this topic.
• 3:45
  So Nico may not be here today. As you can tell, it's your boy
• 3:48
  Opti. I'm hosting today's show.
• 3:50
  Apparently his internet's not messed up.
• 3:52
  He called me this morning. I had to scramble to get some
• 3:54
  guests and Co host for today, but we got a good show for you
• 3:57
  none the less. And they dropped some some pure
• 4:00
  signal yesterday on why the price is going down.
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  And I got a little more receipts on the back end to further
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  explain to you guys why the price is going down.
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  But for you guys that hang out with us every single day, it
• 4:12
  doesn't matter. The only price that matters, the
• 4:15
  only number that matters here is the SAT under your control.
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  So this is a good buying opportunity.
• 4:21
  If you like Bitcoin AT70K, you're going to love it at I
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  don't even know what the price is today.
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  I haven't checked it. I'm going to check it live with
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  you guys. But I think it's in the 50s.
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  It might be in the 50 eights right now.
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  There's a lot of selling happening.
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  Anyways, I had to scramble this morning.
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  So shout out to our boy Chris Alamo making a back-to-back
• 4:38
  appearance on Simply Bitcoin programming Manager at Swan.
• 4:43
  And you know, I'm lucky. I'm lucky that you guys got the
• 4:46
  day off. You know, we're exercising our
• 4:48
  American freedoms today on 4th of July.
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  I had to literally pull Chris away from the pool or the BBQ or
• 4:54
  wherever you're going today. I told him to bring a Budweiser
• 4:57
  on the show. So he feels a little more
• 4:59
  festive on today's show. But how you doing, Chris?
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  Thanks for coming on today. Yeah, thanks for being.
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  Thanks for having me. I'm glad to be here.
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  Happy 4th of July to everyone. Yeah, always excited to talk
• 5:09
  about Bitcoin, even on July 4th. You should be even more excited
• 5:13
  on today's show. More excited.
• 5:15
  And then, of course, we have wait, no, Nico actually told me
• 5:20
  to say this, Alex. So we have simply Bitcoin's
• 5:23
  favorite statist on today's show, Alex Pensky.
• 5:27
  No, I'm I'm trolling. I'm trolling Alex, Bitcoin
• 5:31
  entrepreneur. He just dropped his latest book.
• 5:34
  We've been talking about it for a while.
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  I'm super excited for this conversation and the book title,
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  The Bushido of Bitcoin. So we're going to go hard on
• 5:41
  that today in the culture. But Alex, how you been, man?
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  It's been a couple of months. Good to have you on.
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  Thanks brother, been busy spinning down AI stuff, building
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  up something new and Noster finishing up this book.
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  It's been, it's been a crazy couple of months, man.
• 5:54
  Let's go. All right.
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  Well, before we go into the show today, maybe do a little teaser.
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  What is the Bushido of Bitcoin? What is this project and what
• 6:02
  have you been working on? All right.
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  In short, it is a book that tries to answer the question or
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  ask the question of what happens after Bitcoin wins.
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  So the, the way I've sort of framed it is the world is
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  moving, whether we like it or not, the the world's going to
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  move on to a new socio economic standard.
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  We all know that that new socioeconomic standard is going
• 6:23
  to be Bitcoin. So that's the that's the the tie
• 6:26
  back to Bitcoin. But the book's not about fucking
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  Bitcoin. There's nothing in there about
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  history of money or fucking how Bitcoin works and all that.
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  I don't give a fuck. It's been done 1000 times.
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  Every other book is just like a derivative of safe in Bitcoin
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  standard, right? It's been done to death.
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  What I was interested in INS what happens when we get there?
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  Do we become a new parasitic class?
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  Do we become just a bunch of fucking degenerates or do we
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  become men and women of virtue? And if it's the third one, it's
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  not just going to fucking happen.
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  You know, all these people going, oh, Bitcoin fixes this,
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  Bitcoin fixes you. No, it doesn't happen that way.
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  You need to actively inculcate a set of virtues.
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  And what I looked at was, all right, if we're going to
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  establish, if we're going to need to develop new virtues,
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  what were the greatest civilizations on earth?
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  What were the cultures that proceeded those civilizations?
• 7:12
  Because culture is upstream of civilization, and the thing
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  that's specifically upstream of culture is virtue.
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  And you can think of virtue as principles and behavior, right?
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  How did those people behave? And what I found was the
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  greatest, most powerful civilizations all had warrior
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  cultures and warrior virtues upstream, whether it was the
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  Christian West, the Japanese, the samurai, the Romans, the
• 7:37
  ancient Greeks and Macedonians, all of you guys, the overlap was
• 7:40
  incredible. So what I did was I went back
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  and it's basically a book. It's a history book, It's
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  history, it's philosophy, psychology.
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  That's what this book is about. I went back and looked at what
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  were the virtues that those cultures had embedded in them
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  and how can we take those project forward and build a new
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  civilization. So you're not going to find
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  anything in here from Mises or this and that.
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  You're going to find stuff from Nietzsche, from Alexander the
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  Great, from Christ, from Napoleon, from Julius Caesar,
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  from Julius Ebola, from Spangler, from all of these
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  thinkers that a lot of Bitcoiners are not familiar
• 8:17
  with, unfortunately. And yeah, it's it's the kind of
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  book that will fucking fire you up about life.
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  Hell yeah, love it, love it. Like I told Setsky, a couple, I
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  think, I don't know, I don't remember when you dropped the,
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  the teaser, which we will play for you guys.
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  You dropped your Bushido Bitcoin teaser on Twitter.
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  It did, you know, got an incredible reception.
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  And I was telling you, I'm like I, I don't think I, I've been
• 8:39
  this excited for some Bitcoin content in a while because like
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  you said, it's not necessarily about Bitcoin, but it is about
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  Bitcoin and it's about the framework of how we should be
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  holding ourselves. And that's really what I've been
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  thinking about constantly. Like, OK, we know, we know
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  Bitcoin's going to be here, or at least us, you know, savage
• 8:56
  bitcoins. We know Bitcoin's going to be
• 8:57
  around for a long time now. Will I have, like you said,
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  enough virtue, enough honor to usher in these sats for the long
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  run. And so it's about becoming the
• 9:05
  person you want to be. And then I need this type of
• 9:07
  framework. Everyone knows I'm a I'm a
• 9:09
  philosopher by trade. So once we get a Bitcoin.
• 9:12
  He's a degenerate at heart though.
• 9:15
  Don't dox me, don't dox me. So I'm super excited for this
• 9:18
  I'm super excited for this all right guys, let's get into
• 9:20
  today's show. You already know the deal, we
• 9:22
  got to pay the bills here, so shout out the Bitcoin.
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  Well, go to bitcoinwell.com/simply BTC.
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  They never hold your Bitcoin. This is the way guys as do not
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  shown us the Bitcoin might not be there.
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  So you want to make sure you're using Bitcoin only platforms,
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  but also Bitcoin only platforms that make sure they do not wreck
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  doesn't ever hold the Bitcoin. So that's a plus here anyways.
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  You are another deal guys pull out your lightning wallets right
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  now. If you already signed up to
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  Bitcoin well, make sure you participate in the Bitcoin
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  wishing well and you can get some free yeah.
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  So every time you buy, refer your friends onto the platform,
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  you get some points and you get some spins.
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  Go into your dashboard going to Bitcoin.
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  Well, rewards go into my rewards, hit the redeem button
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  and then you can redeem some sets.
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  So you guys are lucky if we get the million sets today.
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  You guys get it 'cause I don't have my phone handy.
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  OK, 500 sets. So first come, first serve, I'll
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  leave this up for a moment. Scan it with your Lightning
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  So this is the way, boys and girls.
• 10:50
  On that note, let's get into today's show 'cause we got a lot
• 10:54
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  that you can't buy. But hey, bug them enough and
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  they might get you one of these. So all right guys on today's oh
• 12:14
  wait, actually I'm jumping the gun.
• 12:17
  I'm jumping the gun. I need to pull up the numbers
• 12:18
  here I was. I'm already trying to talk with
• 12:20
  you guys about why the price is going low.
• 12:23
  Of course, we're over here on Clark Moody's dashboard.
• 12:25
  Wow, OK, I literally haven't seen the price today, but I
• 12:29
  guess it's 58 K forever. So the Bitcoin price currently
• 12:32
  is $57,860. The stats per dollar, AKA how
• 12:36
  much Bitcoin you can buy for a single dollar, AKA how much the
• 12:38
  dollar is worth in Bitcoin is currently at 1728 stats per
• 12:43
  dollar. The block height is currently at
• 12:45
  850 1694. The total percentage of Bitcoin
• 12:49
  that will ever be issued is at 93.9%.
• 12:54
  The realized monetary inflation taking Fiat currencies to
• 12:56
  school. It's literally the hardest money
• 12:58
  period on planet earth right now at 1.55%.
• 13:01
  The market cap in dollar term that $1.14 trillion.
• 13:05
  Dang I think we lost our our footing above silver.
• 13:08
  But hey, it is what it is. It is what it is.
• 13:11
  The total public lightning capacity, 4953.25 BTC the day
• 13:17
  since all time high, 112 days since we last hit an all time
• 13:21
  high. And yesterday I was talking
• 13:22
  about, you know, the Bitcoin price being the volatility being
• 13:26
  dampened. Well, I was like, yeah, we're
• 13:28
  probably not going to see 30 percent, 50% again.
• 13:30
  Well, we're -21.6% today. So hey, maybe I jumped the gun a
• 13:35
  little bit yesterday, guys. But the median fee currently at
• 13:38
  13 sets again. I do know we are not going to
• 13:41
  have a guest tomorrow, so I will talk to you guys about UTXO
• 13:44
  management. You guys been asking about about
• 13:46
  that in the chat as well, but that's not the topic we're gonna
• 13:49
  talk about today. So Nico has been gone all week.
• 13:52
  He's been at Bitcoin Rodeo. He did a panel yesterday.
• 13:56
  Literally right when I popped off the show, I saw the Bitcoin
• 13:59
  Rodeo stream was going on and I happened to catch this
• 14:03
  conversation of Nico. He was hosting the panel and
• 14:06
  they asked a very good question at the very end.
• 14:08
  And I've seen you guys in the chat asking this question as
• 14:11
  well. Like, oh man, you know, we have
• 14:13
  record inflows, the ET FS been dropped.
• 14:15
  You know, there's, there's institutional demand, but why is
• 14:18
  the Bitcoin price dropping? So I thought maybe today is a
• 14:22
  good chance to not only bring Nico back on the show because he
• 14:25
  seems to be in vacation land. He's he's he's abandoned us
• 14:28
  here, guys. No, I'm, I'm just joking.
• 14:30
  It's Internet's not working today we had Preston pitch, said
• 14:34
  Bunny. Answer that question on why is
• 14:37
  the Bitcoin price going down. And then I also saw a chart on
• 14:42
  Twitter this morning that added to that signal.
• 14:45
  And then of course I am gonna touch on the fact that Germany
• 14:49
  is just dumping all of their Bitcoin.
• 14:51
  As BTC believer in the chat was saying the other day, this is
• 14:54
  the real separation of money in state is when the government
• 14:57
  start dumping their Bitcoin. So you just love to see it.
• 15:00
  Anyway, let's get into this video.
• 15:01
  It is at 1.25% guys, cuz I wanted to make sure we got as
• 15:06
  much signal as possible in this bit.
• 15:08
  So if it's a little too fast for you guys, maybe you watch it on
• 15:11
  playback and you slow down the speed.
• 15:13
  But here's Nico at Bitcoin Rodeo.
• 15:15
  Let's listen to this. I want to end it with this
• 15:17
  because we've seen these record inflows, we've seen this
• 15:19
  tremendous demand, you've seen this this marketing from Wall
• 15:21
  Street, They're getting involved.
• 15:23
  Some of the smartest people in the world are pitching this to
• 15:25
  some of their wealthiest clients.
• 15:27
  You know, like all this stuff is happening and you know, I'm, I
• 15:29
  think a lot of bitcoiners potentially that are watching
• 15:31
  the price action are kind of scratching their heads and
• 15:33
  saying, you know, why is the price going sideways?
• 15:35
  Like I thought the ETFs are here.
• 15:37
  I thought Larry Fink was here to pump our bags.
• 15:39
  What's going on? I.
• 15:41
  Think it goes back to the point I made a little earlier, which
• 15:43
  is there's something called the cash and carry trade, where when
• 15:45
  you've got Bitcoin and you've got the futures markets, you can
• 15:48
  basically trade Bitcoin at today's price.
• 15:49
  You can also trade Bitcoin at a future price.
• 15:52
  And the challenge we're facing is that institutions are buying
• 15:55
  up Bitcoin ETF at today's price, whatever it is, 62,000, and then
• 15:58
  they're able to sell the two months, three months price,
• 16:00
  future estimated price of Bitcoin and capture that
• 16:03
  difference. And so at the moment, a lot of
• 16:04
  money is funnelling into Bitcoin purely to try and capture this
• 16:07
  difference. So of course, the ETF is going
• 16:09
  up, but then we're also seeing shorting on the futures,
• 16:11
  suppressing that price. So we've kind of got this
• 16:13
  paradoxical price action right now.
• 16:14
  And it can be confusing to those that maybe aren't digging deeper
• 16:16
  into this product. Do you think that changes as
• 16:19
  time goes on and like how long it takes for that to kind of
• 16:21
  flesh through the system? I'm curious.
• 16:24
  It's a challenging 1 because again, it goes back to this
• 16:25
  whole question, why are they doing this?
• 16:27
  And it's because we have a system where interest rates have
• 16:29
  been suppressed for so long. We're nothing near that the,
• 16:31
  the, the, I would say free market cost of capital.
• 16:33
  And so because of those, people are trying to just obtain
• 16:35
  capital in any way they can fund their liabilities.
• 16:37
  And at the moment, Bitcoin is one of those ways that it's
• 16:40
  outperforming almost anything else out there.
• 16:42
  And as we discussed kind of at the outset, Bitcoin, when you're
• 16:45
  doing the cash and carry trade back in March, I think the
• 16:47
  returns on the cash and carry trade analysed at like 28%, that
• 16:50
  is like well and above anything in Tradfi.
• 16:52
  And so of course, you're going to see Tradfi flock into these
• 16:54
  assets. And so that's where in the short
• 16:56
  term, I don't know if I see that changing.
• 17:00
  Well, what, what the basis trade does is it makes the price
• 17:03
  action explosive. So if you're in a market that
• 17:07
  has been oversold and you then go into this basis trade, it
• 17:10
  goes sideways because they're capturing 20 or 30% spreads,
• 17:13
  right? It's going to whittle that that
• 17:15
  spread is going to be get whittled down.
• 17:16
  And what you're doing is you're just like pinning that thing
• 17:18
  against the wall and then you get an explosion in either
• 17:20
  direction because I think you're coming out of a, a deeply bear
• 17:23
  market where you had aggressive selling.
• 17:25
  I suspect that this is going to lead to an explosive event here
• 17:28
  and by the end of the year in the upwards direction.
• 17:31
  But you can also get the exact same dynamic that plays out.
• 17:34
  Let's say that the the thing starts getting bid.
• 17:36
  You go in the hundreds of thousands of dollars where you
• 17:38
  know, late 20, late 25 and you speculators are taking over the
• 17:42
  market. They're kind of dominating the
• 17:43
  price action and you get more basis straight because the
• 17:45
  volatility is, is like like a magnet for quick money on Wall
• 17:49
  Street. So then you get another sideways
• 17:51
  action kind of at the top. And then the next explosion is
• 17:53
  not in the up direction, but it's in the down direction
• 17:55
  because the speculators are dominating the market and it's
• 17:57
  been overbought. You don't have long term holders
• 17:59
  are out of money and all the coins are, you know, gone so or
• 18:04
  they're being heavily traded at that point.
• 18:06
  So you get these dynamics. And what I, what I think to, to
• 18:08
  your question is, is I think that it's actually going to get
• 18:10
  more aggressive in the, in the violence of the moves.
• 18:14
  And, and nothing screams trying to find its real market value
• 18:20
  than violence in the price action.
• 18:23
  And like when we look at a chart of Weimar back in the 1920s,
• 18:26
  there was a lot of volatility earlier in the, on the left side
• 18:28
  of that chart. Now when you get to the right
• 18:29
  side of that chart, it's still just equally as violent.
• 18:32
  But in, in the nominal terms against the mark, I mean, it
• 18:36
  just looked like a vertical line straight up.
• 18:39
  And you know, so if you're looking at it from a percent
• 18:42
  change standpoint on a month to month basis, like you might see
• 18:45
  7080% volatility. But when you zoom out like the
• 18:47
  whole chart, things are going so get ready.
• 18:50
  Like the derivatives are like taking gasoline and then getting
• 18:55
  a truck with gasoline and coming over and then dumping that on
• 18:57
  top of it as well for volatility and violent price action.
• 19:01
  I was gonna. All I heard was super bullish
• 19:04
  price action, but adding to that, I did see this tweet this
• 19:07
  morning just kind of adding to this idea of why is the Bitcoin
• 19:11
  price going down. Well, shouts out to Charles
• 19:14
  Edwards. I always mess up your Twitter at
• 19:17
  Capriole IO on Twitter and he goes This is why we haven't
• 19:20
  moved yet Sailor Michael Dell ETFs it's all noise.
• 19:23
  When you look at the data the four most important players in
• 19:26
  Bitcoin, we have net flows equivalent to $24 billion being
• 19:30
  dumped on the market in 2024 and he's got a chart here you can
• 19:33
  see, you know, minor reserves. It's in the negative.
• 19:35
  They're selling new Bitcoin mind of course, that's the just
• 19:38
  Bitcoin that gets released daily.
• 19:40
  It's of course, it's, it's selling pressure.
• 19:43
  And then we got net flows of 374,000 Bitcoin.
• 19:48
  And then of course, this bottom line is long term holders, hey,
• 19:51
  the O GS are getting some, you know, they're, they're locking
• 19:54
  in some games here and they're they're selling a little bit of
• 19:56
  Bitcoin. It is what it is.
• 19:57
  But on top of that, guys, this has been an ongoing story we've
• 20:02
  seen in the last, I would say, I think it's like 3 weeks.
• 20:06
  The German government is just dumping.
• 20:09
  A huge amount of Bitcoin on the market.
• 20:11
  So you can see here I'm over on arkhamintelligence.com.
• 20:14
  You can go over here check it out yourself and you can see on
• 20:18
  6/19/2024, the German government had 50,000 Bitcoin and in the
• 20:23
  last three weeks they have dumped 10,000 Bitcoin on the
• 20:26
  market. So you just love to see it as
• 20:28
  again, as BTC believer was saying in the chat, this is the
• 20:31
  real separation of money in state.
• 20:33
  But we got a few good takes on Twitter.
• 20:35
  First one from Samson Mound. Imagine selling the hardest form
• 20:39
  of money that has ever existed. Now imagine selling that hard
• 20:42
  money for Fiat that you have ability to just print out of
• 20:44
  thin air. Finally, imagine selling on
• 20:47
  exchanges with market orders driving the price lower so you
• 20:50
  get even less. The German government just
• 20:51
  absolutely going to have fun staying poor.
• 20:53
  They're wrecking themselves right now and you just love to
• 20:55
  see it. And last one before I pass it
• 20:58
  over to my guest Tom Luongo here responding to this exact news.
• 21:02
  And he goes, please keep sending BTC into private hands to prop
• 21:06
  up your failing bond markets. This is one of the best
• 21:08
  developments of 2024. So you absolutely love to see
• 21:13
  that the government's out there don't understand what the game
• 21:16
  is yet. They are giving you guys some
• 21:18
  cheap Bitcoin. So yes, if you're new to
• 21:20
  Bitcoin, maybe you're concerned, maybe you don't have the
• 21:23
  conviction that all of us OG bitcoins.
• 21:25
  How I won't even consider myself an OG bit corner, but I've been
• 21:27
  in the market long enough where the price movements don't affect
• 21:30
  me. If you like Bitcoin AT70K,
• 21:32
  you're going to love Bitcoin on sale today and we got a 4th of
• 21:35
  July sale today. So continue to stack that
• 21:38
  freedom, continue to save in Bitcoin.
• 21:40
  This is the way. But a lot of factors playing
• 21:43
  into why the Bitcoin has been down.
• 21:45
  But again, I still think we are going to be the having cycles
• 21:49
  play out. As Preston Pitch was saying by
• 21:51
  the end of the year, we'll probably see some violent
• 21:54
  movement in price upwards. So make sure you are stacking.
• 21:57
  Don't take your foot off the gas.
• 22:00
  This is not the time to not be buying Bitcoin because it seems,
• 22:03
  you know, oh, it's so boring. We're not at $100 million per
• 22:06
  Bitcoin yet. But hey, you know, one thing,
• 22:09
  it's going up forever. It's trending up into the right.
• 22:12
  So keep stacking. This is the way.
• 22:15
  All right, Chris, do you know we are this with the light side of
• 22:19
  the bell curve, But what's your take on all this stuff?
• 22:22
  I'm actually going to stay left side of the Belcorp today.
• 22:24
  Basically, there's more people selling than there are buying.
• 22:26
  I understand there's a whole bunch of dynamics.
• 22:28
  There's a whole bunch of dynamics.
• 22:30
  People are leveraging long, leveraging short, getting blown
• 22:32
  out. Like I understand that.
• 22:33
  But as a whole, there's more people selling than buying.
• 22:36
  This is your opportunity to buy Bitcoin at a cheaper Fiat price.
• 22:39
  I like Tom Luongo's tweet probably the most.
• 22:44
  Chris, I think. I Whoa.
• 22:46
  You're audio drop but you're back I think.
• 22:48
  You're back. Am I good?
• 22:49
  Sorry about that. You.
• 22:50
  Said Tom Luongo's tweet. Tom Milonga's tweet, the thing
• 22:52
  that I like it the most about it is like, how dumb do you have to
• 22:55
  be to sell the hardest money that there ever is for Fiat
• 22:59
  dollars? Like these politicians and
• 23:01
  bureaucrats and parasites know they print money.
• 23:04
  That's literally their whole shtick is like printing money
• 23:07
  for all these stupid social programs or all these different
• 23:10
  things. And they're selling something
• 23:11
  for something that they know that they can go to.
• 23:13
  Literally like, what is it, Jerome?
• 23:15
  How can literally go to a keyboard, smash his head on the
• 23:17
  keyboard and print a trillion more dollars?
• 23:19
  So, you know, it's so dumb that they're getting of an asset
• 23:22
  that's a hard money, you know, and and selling it for Fiat
• 23:25
  money makes absolutely no sense. So I definitely think I know
• 23:28
  Seth is going to talk about this, how stupid the bureaucrats
• 23:30
  are and you know what we want to see in the future.
• 23:33
  But yeah, they're on on the net. There's more people selling than
• 23:35
  buying Bitcoin. This is your opportunity to
• 23:37
  stack cheap, stack cheap SAT's, obviously buy them, put them
• 23:41
  into cold storage, back up your seed words and you know, go on
• 23:44
  with your life and make a better world.
• 23:46
  Yeah, 100%. Go touch some grass and stack
• 23:48
  Bitcoin. It is super simple.
• 23:50
  Keep it simple, stupid. And there's just more sellers
• 23:52
  than buyers. Don't freak out.
• 23:53
  It's very simple. All right, but Alex, you've been
• 23:56
  in the game a little longer than me, so do you even care about
• 23:59
  price movements anymore? Like what's your thoughts on all
• 24:01
  this stuff from the from the more OG perspective?
• 24:04
  Like what? What would be your advice to the
• 24:06
  noobs out there worrying about the price?
• 24:08
  I just like phased out when you put that precipitation article
• 24:12
  on sorry video. I was just like, fuck are these
• 24:15
  people talking about? I just don't care.
• 24:17
  Like I really just don't care. I mean, like, you know, Chris
• 24:22
  said it. There's just more people buying
• 24:23
  and selling. Fucking congratulations.
• 24:25
  Look at the history of Bitcoin. It's up, down and around in
• 24:27
  circles. No one gives a fuck.
• 24:28
  Like honestly, people who just like, you know, dedicate their
• 24:33
  lives to thinking about this shit, like, man, get a
• 24:36
  girlfriend, get a wife, like get a life, better things to do.
• 24:41
  So I don't know, I just couldn't care less.
• 24:45
  And, and you know what, I think Samson's tweet, like really
• 24:47
  nailed it. It was great.
• 24:48
  It's just imagine you can print money, like you literally print
• 24:53
  it and then you sell your fucking assets for, for the same
• 24:56
  money that you could have printed for free.
• 24:57
  Like you've got to be really fucking stupid for that.
• 24:59
  But I mean, welcome to government, right?
• 25:03
  Welcome to government. Yeah.
• 25:04
  I mean, it's it's funny. It reminds me of we me and wine.
• 25:08
  He helps us out on the back end with simply Bitcoin.
• 25:11
  We always talk about this idea of like Bitcoin Zen.
• 25:14
  And once you get down to the rabbit hole, you end up like
• 25:17
  Svetsky, where you're just like, I don't care about the price.
• 25:20
  Like, I know what Bitcoin's going to do.
• 25:22
  It goes up, it goes down. It doesn't matter.
• 25:24
  Like, it it's still working how it is.
• 25:27
  Don't focus on the price. This is how you live a good
• 25:29
  life. Like, get your mental health
• 25:31
  going. Well, go outside, touch some
• 25:32
  grass, build some relationships stacking Bitcoin.
• 25:36
  This is all you have to do. You don't have to look at the
• 25:38
  what the Federal Reserve interest rates are or what the
• 25:41
  Fed's going to do. Just stack Bitcoin, take it into
• 25:44
  cold storage. This is the way guys.
• 25:46
  This is like the pure signal of today's show.
• 25:48
  All right, let's get into the news.
• 25:49
  But before we do that, go to our boys over at the Pleb party,
• 25:54
  nashville.com. We're going to be taking over
• 25:57
  Bitcoin Nashville July 25th. We're going to have a 12 hour
• 26:00
  party at a rustic automobile factory.
• 26:03
  It was built in one, what, 110 years ago, you know, literally
• 26:07
  before. No, sorry, it was built in 1910,
• 26:11
  before the Federal Reserve was created.
• 26:13
  So you already know it was built for the long term.
• 26:15
  But guys, go to plebpartynashville.com, get
• 26:18
  yourself some tickets. It's going to be July 25th, the
• 26:20
  day before the conference. It's going to be partying with
• 26:23
  all your favorite Bitcoiners. Go there.
• 26:24
  The whole Simply Bitcoin team will be there.
• 26:26
  We'll hang out in person, get some drinks, have some fun.
• 26:29
  This is the way guys, make sure you are hanging out with real
• 26:32
  Bitcoiners. Make sure you're taking your
• 26:34
  Internet relationships into meet space.
• 26:37
  This is how we build a stronger, resilient Bitcoin.
• 26:40
  I don't I don't want to use the word community because Fetsky's
• 26:42
  here, but this is how we build a strong in person economy is by
• 26:48
  meeting and hanging out with real Bitcoiners in real life.
• 26:51
  All right, let's get to the news.
• 26:55
  The Daily News. I want to give a shout out to
• 26:59
  our sponsor Foundation Devices. It's self custody done right.
• 27:03
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• 27:07
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  you. Check out the passport link in
• 27:51
  the show notes below to learn more.
• 27:54
  Let's go guys, you already know the deal.
• 27:55
  Don't think about taking your Bitcoin off in exchange.
• 27:58
  Take your Bitcoin off in exchange.
• 27:59
  That's probably the most important thing you should be
• 28:01
  doing. If you're buying on an exchange,
• 28:02
  make sure you are holding the keys yourself.
• 28:05
  You're actually taking the Bitcoin into custody and you
• 28:08
  know, get yourself a Nokia phone.
• 28:09
  Shouts out to the boys over at Foundation.
• 28:11
  Absolutely love it with the envoy.
• 28:13
  I think it might be one of the easiest Bitcoin while it's out
• 28:15
  there. OK, guys, before we go on, we
• 28:18
  already know, you know how divisive a figure Trump is, but
• 28:22
  we're going to talk about this because ever since he came out
• 28:24
  and talked about Bitcoin, it's completely changed the
• 28:27
  conversation around Bitcoin in general.
• 28:30
  But before we move on, guys, there's about 1000 of you guys
• 28:32
  watching on all of our platforms smash the like button for the
• 28:34
  algos. Make sure more people see the
• 28:36
  signal. All right, so you see here and
• 28:39
  for the audio listeners, I'm on forbes.com right now, the Forbes
• 28:42
  digital asset portion of their website.
• 28:45
  And we have this beautiful headline.
• 28:46
  Here it is. Trump sparks talks of Bitcoin as
• 28:49
  a strategic reserve asset. So if you wanna go read the
• 28:52
  whole article, go to Forbes and check it out.
• 28:56
  I'm sure if you are a savage Bitcoin or you hang out with
• 28:58
  that simply Bitcoin, you already know what it's going to say.
• 29:01
  But I will pick a few key moments out of this conversation
• 29:04
  or this article so that we can talk about it.
• 29:07
  Of course, it starts with the infamous Trump tweet.
• 29:10
  The Trump speech that he just did, we want all the remaining
• 29:14
  Bitcoin to be made in the US and ever since Trump has expressed
• 29:17
  strong support for Bitcoin and saying like we don't want China
• 29:21
  or Russia to be the only ones holding Bitcoin and is if we
• 29:25
  hamper Bitcoin adoption in the US, then we're basically giving
• 29:29
  the rest of the world free run to embrace a technology that's
• 29:32
  going to change the world. The discourse has fundamentally
• 29:35
  changed and we even been covering this on the show ever
• 29:37
  since Trump came out being pro Bitcoin.
• 29:39
  The Biden administration tried to, you know, cover their tails
• 29:42
  a little bit and come out and be pro Bitcoin as well.
• 29:45
  Obviously, for everyone that's actually watching and taking
• 29:48
  notice, it's a little bit too little too late.
• 29:50
  But these discussions are happening behind the scenes,
• 29:54
  which I think is the most interesting aspect of this
• 29:57
  because it's not just us. Bitcoiners have been talking
• 29:59
  about this. Bitcoiners have been talking
• 30:00
  about this for a long, long time, probably over a decade at
• 30:03
  this point. I remember Pierre Rochard on
• 30:06
  Nakamoto Institute talking about the speculative attack on the US
• 30:10
  dollar. Well, it seems like now these
• 30:12
  conversations are happening, though they're not happening in
• 30:14
  the sense that as bit corners we'll be talking about.
• 30:16
  They're like, maybe we need to add Bitcoin to our balance sheet
• 30:20
  and it becomes a strategic reserve asset because we're in
• 30:24
  incredible amounts of debt and we're bankrupt and we're broke.
• 30:27
  So after these conversations, it's just it's it's sparked a
• 30:32
  wildfire. Now everyone has to have a view
• 30:35
  on Bitcoin. So I got a few quotes here that
• 30:37
  I want to talk about on today's show.
• 30:40
  They asked Senator Lummus her perspective on this, and she
• 30:43
  said Bitcoin is an incredible store value and I certainly see
• 30:46
  the benefits of our country diversifying its investment.
• 30:49
  She's of course, a Bitcoiner. I forget it's her godson is an
• 30:54
  adamant bitcoiner. You guys know him.
• 30:56
  And of course, it's not only Trump and Lummus.
• 30:59
  We have RFK Junior, we have Ramaswamy.
• 31:02
  They're a whole new tide of politicians out there that
• 31:06
  understand that embracing Bitcoin, it is not only good for
• 31:09
  the individual, but it's good for the country.
• 31:11
  It's good for the nation state level as well.
• 31:14
  So going into this, let's see what this article says.
• 31:16
  So of course, leveraging Bitcoin as a strategic reserve asset is
• 31:21
  the theme of this article. And they they called it Alex
• 31:25
  Thorne. You guys should definitely
• 31:26
  follow Alex Thorne. So I'm not going to read the
• 31:27
  whole thing guys, but there's some key points here.
• 31:29
  Despite the lack of any coherent Bitcoin strategy, the United
• 31:33
  States currently leads the digital gold rush.
• 31:35
  It's the largest nation state holder of Bitcoin, having seized
• 31:38
  the bulk of its Bitcoin stack from a quote UN quote a listed
• 31:40
  actors over the last decade. The country also boasts the most
• 31:43
  network nodes, hash rate and Bitcoin mind share of any
• 31:46
  country in the world. And if Trump were to win in
• 31:48
  November, the nation would have its first pro Bitcoin president.
• 31:52
  And these factors place the United States in a strong
• 31:54
  position to become the micro strategy of nations.
• 31:57
  Should that be a policy priority for a future administration?
• 32:01
  And then it goes into, and I really wanted just to highlight
• 32:03
  this, the fact that they're talking about micro strategy and
• 32:06
  El Salvador and positive lights in the corporate press, of
• 32:09
  course, shouts out to the Forbes team and all the Bitcoiners that
• 32:11
  are riding for Forbes, but they go into scaling the micro
• 32:15
  strategy playbook. One way the United States could
• 32:17
  leverage Bitcoin as a strategic reserve asset is by pulling a
• 32:21
  page from the micro strategy and El Salvador playbooks.
• 32:23
  As the largest nation state holder of Bitcoin, the United
• 32:27
  States already has a leg up over other countries and accumulating
• 32:30
  digital gold. But classifying and then
• 32:32
  treating Bitcoin as a strategic reserve asset would kick the
• 32:36
  nation state race for Bitcoin into high gear.
• 32:39
  This is what we talk about here constantly.
• 32:41
  The Bitcoin game theory is live. And if you're the last one to
• 32:45
  adopt Bitcoin, well, hey, you know, you get Bitcoin at the
• 32:47
  price you you deserve. So as Alex Stone explained,
• 32:50
  simple game theory dictates that adoption by 1 nation necessary
• 32:55
  necessitates that other nations consider the same whether friend
• 32:58
  or foe. And of course, we already have
• 32:59
  El Salvador. They're stacking Bitcoin, they
• 33:02
  have AII, forget what their DCA strategy is, but they are buying
• 33:06
  the dip. They're buying Bitcoin
• 33:07
  constantly, which is what we recommend you guys do every
• 33:10
  single day. The Last Post before I do, drop
• 33:12
  a little more sauce in here and pass it to my guest.
• 33:15
  The game theory would only accelerate if the United States,
• 33:18
  the wealthiest nation in the world in the home of global
• 33:20
  capital, were the first developed country to begin
• 33:23
  accumulating Bitcoin as a strategic reserve asset.
• 33:26
  This decision would fast track global acceptance of Bitcoin as
• 33:29
  a long term savings instrument and a form of digital gold.
• 33:32
  In this scenario, the United States would enjoy the greatest
• 33:35
  windfall and profit among OECD countries as a result of holding
• 33:39
  first mover advantage. I would kind of argue that El
• 33:41
  Salvador has the first mover advantage, but you know, the US
• 33:45
  has all the capital. So that would not only give
• 33:48
  legitimacy to all of us big corners holding it, but it would
• 33:51
  really kick off the game theory. And of course, Max Kaiser never
• 33:55
  takes a moment to not boast about things he said and
• 33:58
  predicted in the past. So she's at the Kaiser.
• 34:00
  You know how much I love when he gets cosmic.
• 34:02
  Here's Kaiser's take. He goes as predicted back in
• 34:04
  2019 when I coined the term global hash war to describe
• 34:08
  nations switching from trying to ban Bitcoin to hoarding Bitcoin
• 34:11
  as a strategic reserve. I was the lone voice at the
• 34:14
  time. Now it's common knowledge.
• 34:16
  No, Jason Lowry plagiarized the idea some years later.
• 34:20
  Just love to see it. And then of course, this morning
• 34:22
  we saw Bitcoin magazine post El Salvador has been buying the
• 34:25
  dip. You guys remember we covered
• 34:27
  this in the past. El Salvador has open sourced or
• 34:30
  rather made their holdings transparent.
• 34:32
  You can see they're stacking the dip.
• 34:34
  They're constantly buying Bitcoin, which is what we
• 34:36
  recommend here constantly to you guys is keep stacking Bitcoin.
• 34:40
  Now before I move it on to our guests, I know Trump's very
• 34:44
  polarizing. I know Bitcoiners always talk
• 34:47
  about like, why should we vote? Politics is a scam.
• 34:51
  You know, voting's a scam. There's no need to vote.
• 34:54
  Well, I do come from that view. I, I of course believe Bitcoin
• 34:57
  is apolitical. It's the most apolitical thing
• 35:00
  in the world, hence why it is political in the 1st place.
• 35:02
  But it is becoming very clear that there is a pro Bitcoin
• 35:10
  political group currently right now.
• 35:13
  And we have an anti Bitcoin political group right now, which
• 35:16
  is the Democrats. So you are either pro Bitcoin,
• 35:19
  you're either pro freedom, you're either pro humanity or
• 35:22
  you are pro CDC. So I know you guys are saying we
• 35:26
  shouldn't vote. I know, I know you're like
• 35:28
  voting is a scam. But I think it's becoming more
• 35:31
  and more clear that this and I'm, I'm really glad I have
• 35:34
  Petsky on the show today because I'm sure this is going to be a,
• 35:37
  a very good conversation. But I think it's becoming very
• 35:41
  clear that the elections this year in November are becoming a
• 35:44
  super important election for not only bitcoiners, but for the US
• 35:48
  and I would argue for the world at large.
• 35:51
  We are seeing that there is one side of the aisle that wants to
• 35:56
  kick down and stop as much freedom as possible, and the
• 35:59
  other one that, hey, maybe this is just lip service.
• 36:02
  Maybe Trump is just saying whatever he has to say to get
• 36:05
  elected. Of course, he's a politician.
• 36:07
  But if we get four more years of cover for Bitcoin so that
• 36:10
  Bitcoin could proliferate itself, so that Bitcoin could
• 36:13
  get completely out of the gate, which I already think it is.
• 36:17
  But if we get some good rules coming out, we get some some
• 36:21
  more politicians, we get the US government to embrace Bitcoin,
• 36:24
  hopefully maybe even, you know, take down the taxes on Bitcoin,
• 36:27
  which would be great. We're going to see that every
• 36:31
  other country is going to have to follow suit.
• 36:33
  There is one defining conversation happening right now
• 36:37
  and everyone is going to have to make and a stance.
• 36:40
  It's either pro Bitcoin or anti Bitcoin.
• 36:43
  And I know a lot of Bitcoiners were talking about maybe Bitcoin
• 36:46
  will be talked about. The first debate it didn't
• 36:48
  happen. So we'll see what happens moving
• 36:51
  forward. Is Bitcoin going to become a
• 36:53
  defining conversation right now? Because I don't know if you've
• 36:56
  seen the polls, but a lot of the voter population out there is
• 37:00
  concerned about a few things, inflation and national debt,
• 37:04
  because people are getting poorer and they're wondering
• 37:07
  what's going on out there. Why are we $35 trillion in debt?
• 37:10
  Why do I have to pay taxes if you can just print money out of
• 37:13
  thin air, like, what is going on?
• 37:14
  So more people are waking up to the problem that Bitcoiners talk
• 37:17
  about here, not only on Twitter, not only on simply Bitcoin, but
• 37:21
  in general. It's the money, stupid.
• 37:23
  The money is broken and the politicians are incentivized who
• 37:27
  continue to print money. So you got to make sure that you
• 37:32
  embrace the Bitcoin candidates. I know Bitcoiners don't like to
• 37:35
  embrace politicians in general, but you already know the deal.
• 37:39
  Hey, we got a pro Bitcoin stance, anti Bitcoin stance.
• 37:42
  So it's a pretty easy choice for me right here.
• 37:45
  But before I pass it on, guys like this video, you not like
• 37:48
  this content, Smash the like button and push the algos.
• 37:51
  But before I go to Chris, because Chris is going to get
• 37:53
  the little more tame down view, I want to go to Spetsky.
• 37:56
  Spetsky, we did kind of talk about this before the show, not
• 37:59
  necessarily about Bitcoin as a strategic reserve asset, but the
• 38:05
  idea of maybe the libertarians were wrong a little bit in this
• 38:11
  whole political debate and maybe as Bitcoiners we should be vying
• 38:14
  for power. So what's, what's your thoughts
• 38:16
  on this whole thing, Alex? Yeah, I mean, I've been a
• 38:19
  libertarian for a number of years.
• 38:20
  I literally wrote the Young Communist Manifesto.
• 38:22
  But libertarians, it's it's a, it's a losing position.
• 38:27
  You, you can't. So, so there's a couple things
• 38:30
  and Chris said this before on the when we're backstage to have
• 38:36
  a libertarian society, You'd, you'd you have to have everybody
• 38:39
  basically be 160 IQ. Everybody needs to respect
• 38:41
  property rights. Everybody needs to like think
• 38:44
  the same, agree on non aggression principles, et
• 38:46
  cetera, et cetera, et cetera, et cetera.
• 38:47
  I'm sorry, but it's just not the fucking case.
• 38:49
  And if you get people who are otherwise smart, who convince
• 38:54
  everybody else who's smart that hey, we need to be libertarian,
• 38:58
  we need to not have power, power is bad, power is evil, blah,
• 39:02
  blah. And kind of retreat, retreat,
• 39:03
  retreat. Like libertarianism is almost
• 39:05
  like a philosophy of retreat. What you do is you create a
• 39:08
  vacuum for the parasites to take hold.
• 39:11
  And that's essentially what's happened in the West, whether
• 39:14
  it's America, Europe, whatever right is good people, otherwise
• 39:18
  fucking people that could lead or inspire people have left a
• 39:23
  vacuum for the morons to come in and for the fucking monkeys to
• 39:28
  run the show. And the the conservatives have
• 39:30
  been guilty of this as well because they actually pushed
• 39:33
  good people further away from it as well.
• 39:35
  Now we've had this resurgence of call it the dissident right or
• 39:40
  whatever, which I'm really intrigued by.
• 39:42
  And in there I would say people like Milay.
• 39:45
  Milay might brand himself as a libertarian, but he actually
• 39:48
  acts far more conservative. You've got Book Kelly as a
• 39:50
  fantastic example of somebody who acts like this.
• 39:53
  You've got these people actually going and claiming power back.
• 39:56
  And I think that is the right move because power will always
• 40:00
  exist. If you leave a vacuum for it,
• 40:02
  the parasites will fill it. And the parasites, their
• 40:05
  ultimate priority is to bring everybody down to their level.
• 40:09
  That's the whole fucking point. So my opinion on Trump, I think
• 40:13
  he's a fucking legend. Trump, people quickly forget.
• 40:16
  It's really strange. Trump was a business owner
• 40:18
  first, politician second, right? It's, it's not the same, it's
• 40:24
  not in the same fucking league as Biden and fucking RFK and all
• 40:28
  these other people. He is a business owner first.
• 40:31
  He's charismatic. He's got the right fucking
• 40:33
  energy. Even though the cunt's like 7580
• 40:35
  years old, it doesn't matter. He's got more energy than the
• 40:37
  average 40 year old. So that to me is very
• 40:40
  interesting. And he's just, he's got a good
• 40:42
  sense for, you know, directionally where to be.
• 40:46
  This is why he partnered up with Vivek.
• 40:51
  This is why he's you know, I mean his son is going and
• 40:56
  meeting up with Bitcoin is meeting up with Buchelli,
• 40:57
  etcetera. Like when he saw me lay one, you
• 41:00
  know, he gave the the right words.
• 41:02
  He knows how to fucking like point and prod and like trigger
• 41:05
  the leftists who, you know, the biggest disease we have on the
• 41:08
  planet now is the fucking leftoids.
• 41:10
  So I mean, I, I care less about the the Bitcoin element.
• 41:15
  You know, bitcoins going to do its thing.
• 41:17
  He he's particularly spot on because he senses that there is
• 41:22
  a big cohort of people who have an aligned energy with Trump,
• 41:28
  with everything that he represents that are pro Bitcoin.
• 41:31
  So he's again, he's intelligent, he's tapping on that and he's
• 41:35
  aligning himself with that cohort of people.
• 41:37
  So that's that's good for us as Bitcoiners who want to see that
• 41:43
  win and you know, ultimately anything to see the fucking left
• 41:46
  waves lose the better. Fuck those cunts.
• 41:49
  Wow. You know, I know Nico was
• 41:51
  trolling when he said Alex is our favorite status on simply
• 41:54
  Bitcoin, but wow, really a status today, Alex.
• 41:58
  No, I'm just trolling. I'm just trolling.
• 42:00
  I've become a status again. I don't give a fuck.
• 42:02
  I'm totally for a state. You need a state.
• 42:04
  You can't have a stateless society.
• 42:06
  It's fucking bullshit. It's it's, it's a literal
• 42:09
  fantasy. Doesn't matter what anybody
• 42:11
  says, there will always be some sort of organization for
• 42:14
  governance and that is going to be a fucking state.
• 42:17
  That doesn't matter if it's like a city state or this or that.
• 42:19
  Doesn't matter what you call it, it will fucking exist.
• 42:22
  The question is who is in the position of power?
• 42:27
  Love it, love it. Couldn't agree more.
• 42:29
  Couldn't agree more. All right, guys, I did drop a
• 42:31
  poll. Someone was asking.
• 42:32
  Forgive me, I'm I'm blanking, but if you want to respond,
• 42:36
  we'll talk about this in the polls.
• 42:37
  So I did a poll on the YouTube chat.
• 42:39
  Trump says he's pro Bitcoin. Do you think he's telling the
• 42:41
  truth? Give us your vote right now as I
• 42:44
  pass it over to Chris. Chris, what's your thoughts on
• 42:45
  all this? I'm sure, I'm sure you're not
• 42:49
  going to go full left side of the bell curve on us, but I'm
• 42:51
  I'm sure it's going to be some high level stuff here.
• 42:52
  So Chris, what's your thoughts on maybe you can talk about
• 42:56
  Trump in general or the idea of Bitcoin being added to the US
• 43:01
  balance sheet and being a strategic reserve asset wherever
• 43:04
  you want to take it? Yeah, so I mean, I'll, I'll kind
• 43:07
  of I'll kind of back what Sveski saying and kind of what Opti
• 43:10
  said earlier that like, like if you vote for Trump or, you know,
• 43:13
  first thing I'll say is I vote every day, you know, buy
• 43:15
  Bitcoin, put it in self storage. That's the first thing.
• 43:18
  That's probably your best bet voting.
• 43:19
  We don't have to go down that whole rabbit hole.
• 43:21
  But if you if you want to vote in the elections, you know, that
• 43:24
  is, you're right, you know, voting for Trump, obviously,
• 43:26
  like Opti said, I think it kind of gives you more cover.
• 43:29
  Hopefully you can give more protection for the Bitcoin
• 43:30
  network for the last for the next four years.
• 43:32
  And if you want to vote for the left or someone else, you know,
• 43:36
  I know I'm kind of in the Nolan camp.
• 43:38
  Nolan was saying like he wanted John Fetterman as president with
• 43:42
  Hunter Biden as VP. Like he's more for the
• 43:45
  accelerationist camp of like, you know, let's bring out all
• 43:49
  the crazy idiots and make them president.
• 43:50
  Let's make this more like Idiocracy.
• 43:53
  And, you know, Bitcoin standard hyper bitcoinizes even faster.
• 43:56
  So I think either way, Bitcoin wins.
• 43:58
  I think obviously the best thing to do is obviously buy Bitcoin,
• 44:02
  put in self storage and then kind of what Schwesky said
• 44:05
  countless times like get a wife, get a girlfriend, build your
• 44:08
  community, build where you live, improve.
• 44:10
  Like localism is the best way to fight against this like
• 44:13
  federalism or you know, like this federal government.
• 44:15
  Like if you have a strong community with strong neighbors
• 44:18
  that have your back with hell or high water, that's the way you
• 44:21
  beat the globalist. Like they want this whole
• 44:23
  technocratic top down theory with AI controlling the world.
• 44:27
  I don't live for that world. I live for strong neighbors.
• 44:29
  They need help. I help them out.
• 44:31
  I hope they helped me back out in return, you know, picking up
• 44:33
  your fellow man, you know, building a strong foundation and
• 44:36
  community is a way to fight back against these people.
• 44:38
  They hate that. They would hate for us to be arm
• 44:40
  in arms and for the government to be like, hey, you have to do
• 44:42
  this. And then everyone in this
• 44:43
  community says go fuck off # sand.
• 44:46
  So yeah, I, I, I know that's a long winded rant, but Opti, if
• 44:48
  you want to take it back. No, I mean great rant this.
• 44:51
  Is the only thing if I can yeah, jump in.
• 44:54
  I I think that's 100% true. Like the, the local component is
• 44:57
  more important. What, what these idiots are most
• 44:59
  afraid of is you being individually strong, you having
• 45:02
  a family, you having, having money, you having, you know,
• 45:05
  being beautiful, being strong, being healthy and being wealthy
• 45:08
  like that. That's exactly what they don't
• 45:11
  want. So you, you should just do what
• 45:13
  the fuck they don't want. The one thing I I used to
• 45:17
  somewhat agree with the accelerationist idea, but I I no
• 45:20
  longer agree with that because the problem we have with the
• 45:23
  accelerationist theory is that if we just burn everything to
• 45:27
  the ground, Bitcoin is going to be worth nothing as well.
• 45:31
  I don't think people actually get this.
• 45:32
  Bitcoin represents Bitcoin is a proxy to the amount of wealth
• 45:36
  around you. If we are living in the fucking
• 45:39
  Stone Age, the total amount of wealth that Bitcoin is going to
• 45:44
  measure is 0 or minimal. So you actually don't want the
• 45:47
  acceleration. You don't want everything
• 45:49
  fucking tearing down. You know, I guess the
• 45:51
  acceleration is bank on the fact that, hey, if it's like complete
• 45:56
  mindless stupidity out there and you know, everything falls
• 45:59
  apart, there might be like the opposite reaction, but I'm not
• 46:03
  so sure. You you look at what's happening
• 46:05
  with this acceleration ISM is that immigrants are coming in
• 46:10
  fucking the the social structures falling apart.
• 46:13
  They're arresting fucking good people, you know, censoring like
• 46:17
  all of the bad shit is happening and it's actually making things
• 46:20
  worse. And I mean, we saw with 2020 the
• 46:24
  amount of fucking lemmings that are out there that wore like
• 46:27
  masks and stood 6 feet apart and all this sort of stuff.
• 46:29
  Like I, I posted a video the other day on Twitter.
• 46:33
  I was scrolling through my phone and I found an old video that I
• 46:35
  made it in 2020 before I got banned on Twitter for the first
• 46:38
  time. Is like, it just showed the
• 46:41
  gaslighting that we experienced in 2020 and it hasn't gotten any
• 46:44
  better. And people still believe that.
• 46:45
  Like that poll I saw is like 33% of people are still voting for
• 46:50
  Biden. It's like, what the fuck and how
• 46:53
  dumb do you have to be? Like how out of touch, how out
• 46:57
  of touch from humanity, from sanity, from anything do you
• 46:59
  have to be to still think that that's a good leader for the
• 47:04
  most powerful nation of the world?
• 47:05
  Like people are fucking out of their minds.
• 47:07
  So the more we accelerate, there is a big chance that more and
• 47:12
  more people go that way. More and more people get
• 47:14
  desperate, more and more people get violent.
• 47:15
  More like we basically turn the, we turn the world into San
• 47:19
  Francisco, like and, and I don't think that's fucking good for
• 47:22
  Bitcoin, for me, for you, for anyone.
• 47:24
  So, so I, I no longer agree with accelerationism.
• 47:27
  I think it's fucking dumb. Yeah, I, and I was kind of
• 47:30
  saying kind of what Nolan said. I I kind of agree, but I know
• 47:32
  some people are like fed up with it, but I I completely agree.
• 47:35
  Like the whole the stupidity of it all, like things are going to
• 47:38
  get worse before they get better.
• 47:39
  Well, I do think that things can get better and they don't have
• 47:42
  to get worse. Like it kind of what you were
• 47:44
  saying, Svetsky, Like if we tear things down and make it so bad,
• 47:47
  it's like rebuilding the rubble is way harder than like fixing
• 47:49
  the things that the way they are or maintaining the things and
• 47:52
  improving the things that. They are.
• 47:53
  There's still some good foundations like we, we can't
• 47:55
  forget that. Like there, there's still good
• 47:57
  foundations out there. And we don't have to blow
• 47:59
  fucking everything up in order to say, see, we were right.
• 48:03
  You know, we shouldn't have done this.
• 48:04
  It's like, OK, fucking congratulations, you're standing
• 48:06
  in a pile of rubble and now you got to build everything again.
• 48:08
  No, but get the fucking shitheads out.
• 48:11
  Salvage whatever is good from the foundations, eliminate the
• 48:15
  shitty foundations, rebuild where it's needed, and that's
• 48:17
  it. Like why do we have to go
• 48:19
  backwards all the way to start again?
• 48:21
  It's it's really fucking dumb. Yeah, man, totally agree,
• 48:25
  totally agree. Well, great conversation.
• 48:26
  But we're going to go even harder on this topic in the
• 48:30
  culture when we cover the Bushido of Bitcoin.
• 48:32
  And I think, I think this will all wrap it up very nicely
• 48:35
  today. But before we do that, of
• 48:37
  course, we got to pay the bills here on Simply Bitcoin.
• 48:39
  Go to orangepoapp.com, Stack friends who stacks ads.
• 48:42
  As I constantly tell you guys, probably every single day, you
• 48:45
  need to ensure that you are building these relationships off
• 48:49
  the Internet and in real life. So as we constantly talk about
• 48:53
  on the show, Bitcoiners will have all the capital.
• 48:56
  Bitcoiners will, as we'll talk about with Spetsky right now,
• 49:00
  you know, I think hypothetically, maybe allegedly,
• 49:03
  we all believe that Bitcoiners will be the new elite.
• 49:05
  And are you going to usher in these stats correctly?
• 49:08
  If you're the lone Bitcoiner in your community, if you're the
• 49:10
  lone wolf out there, which don't actually exist, you don't have
• 49:14
  much power by yourself, but you have power numbers.
• 49:16
  So get on orange PO app.com, stack friends who stack stats.
• 49:19
  This is the way. This is how we build the culture
• 49:22
  from the ground up, from the bottom up is by interacting and
• 49:26
  building with Bitcoiners in real life.
• 49:30
  The daily culture. One last plug, make sure you go
• 49:39
  to kaboomracks.com. Kaboom Racks the best place to
• 49:42
  buy, sell and host your mining equipment.
• 49:45
  If you are on the fence about mining, get in touch with the
• 49:48
  Kaboom Racks team. I know my boy at Kaboom racks
• 49:51
  Alex on Twitter. He won't answer all your DM so
• 49:54
  if you have questions make sure you go hit them up.
• 49:57
  And of course right now they have a hosting deal on their
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• 50:12
  All right, let's get into this conversation so Setsky, before
• 50:16
  we go on, I just want to play the trailer.
• 50:19
  It's going to set the scene really good for the for everyone
• 50:21
  in the audience that's not familiar with this.
• 50:23
  So guys, TuneIn, we got an epic trailer for you guys on what the
• 50:27
  Bushido of Bitcoin is. None.
• 51:07
  None. None.
• 52:03
  None. None.
• 53:01
  Let's go, let's go. OK, guys, I it might have lagged
• 53:05
  a little bit, I'm not sure, so let me know if it did, but I
• 53:08
  dropped the link in the YouTube chat.
• 53:10
  Go check out Bushido bitcoin.com.
• 53:11
  Anyways, Alex, I think that was a great tee up.
• 53:15
  So I don't know, do we want to rehash what the Bushido of
• 53:19
  Bitcoin is? Where do you want to take this?
• 53:20
  Like what? What's top of mind for you right
• 53:22
  now after watching the trailer? Look, I mean, one thing I'll say
• 53:26
  is people should go check out Hellion's work.
• 53:28
  I think his Twitter handle is Hellion HELIAND under score 22,
• 53:34
  if I remember correctly. He's a fucking magician when it
• 53:37
  comes to videos. Like we spent about two months
• 53:39
  on that trailer and wanted to make people feel what the book
• 53:42
  might be about. But I guess top of mind, I mean,
• 53:48
  we, we hashed out earlier like what the book is, what it's
• 53:52
  about. And it's, as I mentioned, it's,
• 53:55
  it's not a, it's not a book on economics or finance or Bitcoin
• 53:59
  technicals or any of that. It's a, it's a book on culture,
• 54:02
  virtue, civilization. And as I mentioned, the people
• 54:05
  that I use to inspire the book were the Alexander the greats
• 54:09
  and Julius Caesar's and, and philosopher thinkers who are
• 54:14
  different to what we are used to in the Bitcoin space.
• 54:16
  So less Mises, more Spangler. And there's like, I'm not sure
• 54:24
  anywhere specific to take it. Like I could read out a couple
• 54:27
  of excerpts and we could just riff off that if you like.
• 54:29
  Yeah, yeah, definitely. OK, all right, so there's, OK,
• 54:35
  there's a section in there called let's do this
• 54:37
  physiopsychology, and it opens up with a quote that says there
• 54:42
  is more wisdom in your body than in your deepest philosophy.
• 54:47
  And that's quote by Nietzsche. So then I open it up by saying
• 54:50
  mind over matter is bullshit. I don't care how much you think
• 54:52
  you can lift, It's only when you get under the barbell that you
• 54:55
  discover the truth. That's not to say that the mind
• 54:58
  doesn't count. It will help you get there and
• 55:00
  might help you push, might help push you that final couple
• 55:03
  percent, but it's the body that does the work.
• 55:06
  The truth is you cannot even separate mind from body.
• 55:09
  And true intelligence is both mental and physical.
• 55:12
  They enforce each other. It's more like body and mind
• 55:15
  over space and stuff. Nietzsche uses the term
• 55:18
  physiopsychology to describe this body intelligence and
• 55:22
  builds a large part of his philosophy on the basis of the
• 55:24
  following foundations. The mind of the body evolved
• 55:27
  together. There is no separation between
• 55:29
  them, and one cannot live without the other.
• 55:32
  The key takeaways that we're an You're an embodied being
• 55:35
  consisting more consisting of more than just eyeballs,
• 55:38
  fingertips, some genitals and some Gray matter trapped inside
• 55:41
  of a skull. While a disembodied brain in a
• 55:44
  VAT might be Yuval Harari's erotic fantasy, it is thankfully
• 55:48
  not yet a description of reality, nor is it either viable
• 55:51
  or desirable. So like this is an example of
• 55:55
  the kind of kind of topics I decided to cover in The thing is
• 56:01
  basically topics around vitality, around excellence,
• 56:05
  around ascendance, around strength and power.
• 56:10
  So I think there's, I should hit on this as an idea is most
• 56:14
  Bitcoin is this will this will be an unpopular opinion.
• 56:16
  And something I dig into in the book is that we've been taught
• 56:21
  that power is evil, that power corrupts, that, you know, power
• 56:26
  is like something you shouldn't touch like, and it's it's become
• 56:30
  so pervasive. And this is, you know, where the
• 56:32
  libertarians really go wrong is that by abdicating the
• 56:36
  responsibility to channel power, you leave a vacuum for people
• 56:42
  who covet power for power's sake to come and take it and use it
• 56:47
  in ways that are not great. So power is like technology.
• 56:50
  It's, it's agnostic, right? And it's something that requires
• 56:55
  strength and it requires, what's the word, like responsibility, I
• 57:00
  think more than anything else to channel right.
• 57:04
  And one thing I find I find funny, like I, I did a talk in
• 57:07
  BTC Prague last week or the week before, which was called Beauty
• 57:11
  will Save the World. And in there I talk a little bit
• 57:13
  about power. I say nature is beautiful
• 57:15
  because it is ultimately powerful.
• 57:17
  And I showed examples of like a hurricane of a fucking volcano,
• 57:20
  of a lightning storm of a, of a lion running at you.
• 57:23
  Like these things are extraordinarily powerful and
• 57:28
  they're extraordinarily beautiful.
• 57:29
  So they point to something truer, deeper, more fundamental
• 57:34
  to existence. Now, one of the things I
• 57:37
  mentioned in there, I said bitcoiners will literally say in
• 57:39
  the same sentence, they'll say proof of work is good, power is
• 57:43
  bad. And you look at the, the
• 57:46
  equations like proof of work is literally work, which is energy
• 57:52
  over time and power is sorry, no, no, no.
• 57:56
  So proof of work is literally work is energy.
• 57:59
  That that's the, that's the the physical definition of work is
• 58:02
  energy. It's joules.
• 58:03
  Power is energy over time. It is literally like the
• 58:08
  definition of power is the channeling of energy.
• 58:10
  And people will sit there and say that is evil, that is bad,
• 58:12
  that is wrong. And they won't think a little
• 58:14
  bit deeper that that a living being, its duty, its purpose in
• 58:20
  life is to channel energy, to be powerful, to reach, to create,
• 58:24
  to produce, to ascend, right. And this ties into one of the
• 58:29
  deep topics of the of the book, essentially, which is how do we
• 58:33
  build an ascendant or a vital culture or an ascendant or a
• 58:38
  vital civilization? And to me, that is completely
• 58:42
  opposite to a descendant civilization or something that
• 58:47
  is, that is decaying, right. And one of the one of the axes
• 58:56
  there that really matter or the axis is, I don't know how the
• 58:59
  fuck you say the plural for axis, but it's you've got
• 59:04
  excellence on one side and you've got equality on the
• 59:08
  other. Equality is descendant because
• 59:10
  the only way you can create equality, honestly, the only way
• 59:13
  you can equalize anything is by chopping everything down.
• 59:15
  Like, you know, if you want to get the grass out in the lawn
• 59:18
  all equal, you need to get a lawn mower and you need to go
• 59:21
  chop everything down, right? If you want excellence, you're
• 59:25
  going to inevitably get hierarchy, you're going to get
• 59:28
  superiority, you're going to get inferiority, you're going to get
• 59:30
  jagged edges. Like literally in in the book
• 59:33
  the the spine or the the core of the book is the etymological
• 59:37
  exploration and historical examples of the 10 virtues of
• 59:40
  Bushido, which are justice, courage, compassion, honour,
• 59:46
  integrity, responsibility, excellence, loyalty, respect,
• 59:53
  and self-control. I believe that's a 10 off the
• 59:55
  top of my head. At the beginning of each chapter
• 59:58
  I go into the etymological roots and not only the English
• 1:00:02
  etymology, but the English, the Latin, the Proto Proto Indo
• 1:00:06
  European, the Japanese and the Chinese.
• 1:00:08
  And it's fucking fascinating how the the the very basis of these
• 1:00:12
  words. Even like Japanese and English
• 1:00:15
  are two completely unrelated languages, but the Kenjis, the
• 1:00:20
  literal radicals in the pictograms in Japan for the word
• 1:00:25
  excellence. Mean the same thing or derive
• 1:00:29
  the same meaning as English and Latin roots that happened on the
• 1:00:33
  other side of the world. And what they both mean is
• 1:00:35
  excellence. For example, is the mountain
• 1:00:38
  separating itself from the flatland, which is what the
• 1:00:41
  definition of excellence, like the visceral, organic, natural
• 1:00:46
  definition of excellence actually means.
• 1:00:48
  And coming to tie that back, like before I finish this rant,
• 1:00:51
  is that we need to pick, we need to choose a civilization that is
• 1:00:54
  either ascendant and excellent or comfortable and equal.
• 1:01:00
  And each one has trade-offs. This is something people need to
• 1:01:02
  realize is that something that is excellent is going to come
• 1:01:06
  with winners and losers. It's going to come with jagged
• 1:01:08
  edges. It's going to, it's not going to
• 1:01:10
  be very comfortable like climbing, building a mountain
• 1:01:13
  going like go for a fucking hike up Kilimanjaro or go for a hike,
• 1:01:17
  go climb Mountain Everest. It ain't comfortable.
• 1:01:19
  It's not for fucking everybody. There's no room at the top for
• 1:01:22
  everybody. But when you do that,
• 1:01:24
  civilization and life reaches because what life wants to do,
• 1:01:27
  it wants to ascend, it wants to reach, it wants to grow, it
• 1:01:30
  wants to stretch. The alternative is you can build
• 1:01:34
  a nice safe, cushioned, you know, egalitarian, equal
• 1:01:39
  culture. But the problem with that is it
• 1:01:41
  is descendant in nature. It gets comfortable, people get
• 1:01:44
  weaker, people get softer, people get Dumber.
• 1:01:46
  You you create this like Wally is the greatest movie that
• 1:01:50
  represents that, you know, people just become these fucking
• 1:01:52
  fat blobs that can't do anything else.
• 1:01:54
  And that's the direction you go. Like average is the first step
• 1:01:58
  to death, right? Like everything starts to
• 1:02:00
  descend. It's the opposite of excellence.
• 1:02:02
  So while you might feel a little bit warm and fuzzy, you end up
• 1:02:06
  decaying everything around you. And we as individuals, and then
• 1:02:10
  as an extension to that, as a culture and a civilization, need
• 1:02:12
  to consciously choose which way we want to go.
• 1:02:15
  And the, the whole argument of the book is that if we want to
• 1:02:18
  build a culture and a civilization of ascendance or of
• 1:02:22
  excellence or of greatness or of glory, of, of something
• 1:02:25
  beautiful, we need to consciously choose that
• 1:02:29
  direction and not the other, not not the ship that we've been
• 1:02:33
  choosing for the last century. So I'll pause there if you if
• 1:02:36
  you want to dig into anything. Yeah, I love it.
• 1:02:38
  First, first and foremost, I, I also kind of want to touch on
• 1:02:41
  like, I, I don't know where along in the modern world it
• 1:02:45
  became a bad thing to seek individual excellence and, you
• 1:02:49
  know, trying to be better. Like where I grew up and what I
• 1:02:52
  grew up, the way my mother raised me and my family raised
• 1:02:54
  me. It's like you want to be the
• 1:02:55
  best person you can be. I remember that was like a
• 1:02:58
  common trope as a kid, like be better than you are, leave a
• 1:03:01
  better world and all that. But of course, I'm also a
• 1:03:04
  millennial and I'm like, I think the 1st generation, the girl
• 1:03:06
  with participation trophies. And I just always rubbed me the
• 1:03:09
  wrong way. I'm like, I don't want that.
• 1:03:11
  I lost. I don't want that trash.
• 1:03:13
  I did not win. Anyways, Chris did want to chime
• 1:03:15
  in here and then I'll I'll tee you up with one more question
• 1:03:18
  because I do have a question for you, Alex, because I get this
• 1:03:21
  question all the time. But Chris, jump in.
• 1:03:23
  Yes, Svetky, I want to kind of highlight the one thing that you
• 1:03:25
  were saying, like parasites love the power quote.
• 1:03:27
  Like they must have invented that.
• 1:03:29
  Like power is evil and absolute power corrupts and you get the
• 1:03:33
  quote. They they must have created that
• 1:03:35
  because it's like they want to make people that are virtuous or
• 1:03:38
  people that are good be like, oh, I don't want to be
• 1:03:40
  corrupted. Like like like you're definitely
• 1:03:42
  like tricking the mind of being like, oh, I'm good.
• 1:03:45
  I would do good for my people or my family or my community, but I
• 1:03:48
  don't want to be corrupted. So I'm not going to seek power.
• 1:03:50
  So a parasite could sit in that position and like they don't
• 1:03:53
  give a, they want power, they seek power.
• 1:03:55
  They don't care that it corrupts or that they're that they're
• 1:03:58
  corrupted. But that's definitely something
• 1:03:59
  they created. But I guess the.
• 1:04:01
  Greatest SIOP of the 20th century.
• 1:04:03
  People don't fucking realize that this is the SIOP.
• 1:04:05
  Yeah, and I think that's a really good point and that I
• 1:04:07
  hope that hammers home in your book.
• 1:04:08
  I'm sure it does. But the one thing I wanted to
• 1:04:10
  ask is so obviously you've looked at society.
• 1:04:12
  You were saying you looked at the warriors, you looked at, you
• 1:04:14
  know, the Japanese soldiers. I'm sure you looked at medieval
• 1:04:16
  times of the Knights, you know, them being virtuous.
• 1:04:19
  But obviously all of these societies collapse, I guess, in
• 1:04:22
  your purview. Was that because because of
• 1:04:23
  money collapsing? Was that because of revolution?
• 1:04:26
  Was that because of parasites taking over and causing revolts?
• 1:04:29
  So what what, what has been your obviously we're in the Western
• 1:04:31
  world now or the the developed world now.
• 1:04:33
  What has led to the collapse of all of these great societies or
• 1:04:36
  great people? Like obviously the samurai are
• 1:04:38
  not as big, the Knights are no longer around.
• 1:04:40
  Like what? What, in your opinion, what has
• 1:04:41
  led to this? Collapse.
• 1:04:42
  Aren't you collapsing? It's no, it's, it's a really
• 1:04:45
  tough question, man. There's like there's a section
• 1:04:47
  in the book where I just grapple with this shit for about fucking
• 1:04:50
  50 pages and like ask the question like is it?
• 1:04:53
  Is it material wealth? Like when we get rich, do we
• 1:04:55
  corrupt? Like what happens generationally
• 1:04:57
  speaking, when you have a couple of generations removed from
• 1:05:01
  that? Is it when we remove the warrior
• 1:05:03
  class? Because that's essentially what
• 1:05:04
  happened with the fall of feudalism like Japan, as they
• 1:05:08
  removed the warrior class and dismantled feudalism.
• 1:05:11
  Like Japan's a really unique case because it was the last
• 1:05:14
  major cultural, I guess, civilization that remove
• 1:05:19
  feudalism and it still seems to operate even though it was like
• 1:05:22
  infected by Fiat and infected by democracy and affected by all
• 1:05:25
  this other stuff. Japan still has this incredible
• 1:05:28
  structural stability, which is an echo of feudalism in my
• 1:05:32
  opinion. But there's many things like I
• 1:05:35
  was with Bitcoiners and I believe for a long time that
• 1:05:38
  the, the you start printing money and that's when the decay
• 1:05:41
  starts. But I realized that that's not
• 1:05:43
  actually true. That's when it accelerates.
• 1:05:46
  So you can almost imagine the the money printer is when the
• 1:05:51
  cancer kicks off. But there's something that has
• 1:05:54
  to happen beforehand, you know, like a civilization just doesn't
• 1:05:57
  go from being vital, ascendant, strong on a gold standard, wake
• 1:06:01
  up one morning and be like, you know what, fuck, let's just
• 1:06:02
  print some money. It doesn't happen like that.
• 1:06:04
  So the decay sets in earlier. And in my opinion, in the West,
• 1:06:08
  the decay set in with the French Revolution, late 1800s.
• 1:06:12
  You had the inversion, I mean you had the inversion of the
• 1:06:17
  hierarchy. You had the dismantling of
• 1:06:19
  feudalism, you had proto communism with the Jacobins.
• 1:06:22
  You had the literal and figurative chopping off of the,
• 1:06:29
  of the, the father's head that the patriarchy that existed at
• 1:06:32
  the time, which had existed for fucking 2000 years beforehand in
• 1:06:37
  European civilization while it was ascendant.
• 1:06:39
  And with chopping up the King's head, with doing that
• 1:06:43
  symbolically, ritually, it left this vacuum for who to take
• 1:06:48
  hold. The fucking leftist, the
• 1:06:49
  original leftist, the Jacobins, the the guys who literally
• 1:06:53
  invented dubbing on your neighbors.
• 1:06:54
  Like long before we dubbed on neighbors in World War One,
• 1:06:57
  World War Two and all this sort of shit.
• 1:06:58
  It was the fucking French who figured that out and thought it
• 1:07:00
  was a good idea for everyone to dub on their neighbors.
• 1:07:03
  And you know, that's when you had the the French terror or the
• 1:07:06
  reign of terror Cumber what it was called, where everybody
• 1:07:08
  basically killed everybody else and the leftist government
• 1:07:12
  collapsed, imploded on itself, etcetera.
• 1:07:14
  Like Marx got his ideas from the French left.
• 1:07:17
  But to kind of try and tie this all together, it's like the
• 1:07:21
  decay starts upstream, just like a cancer in a human being.
• 1:07:24
  When you figured out the cancer, when you've realized that you've
• 1:07:26
  got cancer, that's when things really accelerate.
• 1:07:28
  And that's the point of money printing.
• 1:07:30
  But the problem started a little further back when you started
• 1:07:34
  eating seed oils, when you stopped moving, when you started
• 1:07:37
  fucking using sunscreen and whatever other stupidity that
• 1:07:40
  ends up causing cancer. So in my opinion, I've come to
• 1:07:43
  realize that there's something cultural about it.
• 1:07:46
  It's to do honestly with material affluence and the
• 1:07:50
  number of generations that come into a level of material
• 1:07:55
  affluence, It's almost like you have this seasonality with
• 1:07:59
  culture. You've got, you know, your, your
• 1:08:01
  summer, your winter, your fall, your spring and all that sort of
• 1:08:04
  stuff. When that aligns and I, I guess,
• 1:08:07
  you know, fucking 4th turning here.
• 1:08:09
  But you know, they, they did have a point with respect to
• 1:08:11
  generational seasons and everything.
• 1:08:12
  When you get this sort of confluence of a weak generation
• 1:08:17
  coming up because they were entitled, because they're
• 1:08:19
  materially affluent and they haven't had to work for anything
• 1:08:22
  with a period of time when the, when the psychology of the, of
• 1:08:26
  the, of the world is in a place where it's I everything is OK,
• 1:08:30
  whatever, you, you start to create more egalitarianism, more
• 1:08:33
  acceptance. And this is exactly like you
• 1:08:35
  look at Rome. Rome started opening its
• 1:08:37
  borders. They started becoming more
• 1:08:39
  egalitarian. They started moving away from
• 1:08:41
  their warrior roots more towards being merchant and measured by
• 1:08:45
  money. So there's this like great
• 1:08:46
  saying it's it's quote in the book, and I can't remember who
• 1:08:48
  said this. It's Rome used to fight with
• 1:08:51
  iron and then they came to fight with gold and it was when they
• 1:08:55
  fought with gold that they lost. Same thing with America.
• 1:08:59
  Like America started off as this nation that was producing.
• 1:09:03
  It was, it was strong, it was vital, it was, it was like the
• 1:09:07
  frontiersman civilization. And then slowly by slowly by
• 1:09:12
  slowly it became financialized. It became run by bankers.
• 1:09:15
  You know, the whole W became run by bankers and slowly by slowly
• 1:09:17
  decayed and it lost virtue. And that's when the money
• 1:09:21
  printing accelerates. That's when everything
• 1:09:22
  accelerates. So it's, it's a really
• 1:09:24
  multifaceted answer. Like I don't even know if I've
• 1:09:27
  got anything conclusive in the book about it because I don't
• 1:09:29
  think anybody will have a conclusive opinion on this.
• 1:09:32
  But it's not purely economic. The the the problem stem starts
• 1:09:37
  upstream and then it accelerates with broken money.
• 1:09:42
  Yeah, I I guess I was, I had a follow up comment Svetsky, and
• 1:09:45
  then I'll let Opti go. So I guess my thing is, do you
• 1:09:47
  see it more as good times creating weak men of like
• 1:09:50
  generationally or just good times and they had it too good
• 1:09:52
  and they get lazy? Or do you see it more as almost
• 1:09:55
  like, I hate to say this comparison, but it's a great
• 1:09:56
  story, like The Lion King, like it's almost like the jealous
• 1:09:59
  neighbor, the jealous brother or cousin.
• 1:10:01
  Like though there's the ruler there, there's, you know, Mufasa
• 1:10:03
  is the great king and then Scar is jealous and like basically
• 1:10:06
  usurps or tricks him or, or like that.
• 1:10:09
  So do you see it more? Like do you see what I'm saying
• 1:10:10
  like more? Do you see it as a collapse acts
• 1:10:12
  of like generations, like getting weaker?
• 1:10:14
  Or do you see it more as almost like the the jealous brother,
• 1:10:17
  king, neighbor, whatever to trick them and then take over or
• 1:10:20
  power back him as you're saying? Both happen.
• 1:10:22
  Both happen. So I'll I'll give a little
• 1:10:23
  anecdote, which is right at the end of Rome.
• 1:10:26
  So there's a guy called Flavius Aetius.
• 1:10:28
  He's considered the last true Roman and around.
• 1:10:32
  I believe it's like around 450AD500AD, which is basically
• 1:10:38
  the, the, the collapse of, of, of Rome.
• 1:10:41
  And it's the period of Attila the Hun, who was a, who was a
• 1:10:45
  city and king who comes in and basically fucking annihilates
• 1:10:50
  all of Rome. Like he, he, he, he beats the
• 1:10:53
  goals, he beats fucking everybody and he comes in and
• 1:10:55
  like literally lays waste to Rome.
• 1:10:57
  And there's one general, one general who's still got like,
• 1:11:01
  you could almost think of him as like a, the guy was like a
• 1:11:06
  Julius Caesar, but he was, he was born 500 years too late,
• 1:11:11
  like out outside of the the great glory of Rome and Rome was
• 1:11:14
  already decaying. This was where the the quote of
• 1:11:16
  the Rome was fighting with Ayan first and then they went to
• 1:11:20
  fight with gold. He stands up to Attila and after
• 1:11:23
  some like incredible battles and all this sort of stuff, he finds
• 1:11:26
  a way to politically align the Visigoths with him, I believe
• 1:11:30
  part of the goals and all this sort of stuff.
• 1:11:31
  And they end up stemming the, the, the defeat of Rome.
• 1:11:38
  So, so they, they literally savor him by fucking his breath
• 1:11:41
  from the Huns, from like literally Western civilization
• 1:11:44
  being completely overrun. And what ends up happening is
• 1:11:48
  like the people, the the descendant and everything wanted
• 1:11:52
  or part of the Senate, I should say, wanted Flavius Atheist to
• 1:11:55
  take over to be the new emperor because the the emperor at the
• 1:11:58
  time was this fucking weakling, this pathetic, entitled little
• 1:12:01
  turd to to put it not kindly. And for all the work Flavius did
• 1:12:07
  for saving Rome, the emperor hasn't assassinated because he
• 1:12:11
  thinks that Flavius is going to take the power and all this sort
• 1:12:13
  of stuff. So, so you end up getting the
• 1:12:15
  situation with a virtuous man, the one who gives his life,
• 1:12:18
  gives everything to to save the civilization, gets killed by
• 1:12:22
  this pathetic parasite who's in power now.
• 1:12:26
  So that's not exactly like the scar and, you know, Mufasa
• 1:12:29
  example, but it's an example where you kind of have this
• 1:12:31
  situation where, you know, obviously the emperor didn't
• 1:12:34
  kill him of his own accord. It would have been the Senate.
• 1:12:36
  It would have been this bunch of parasites there that like
• 1:12:38
  literally their lives were saved by this guy.
• 1:12:41
  And because he amassed political power through the people,
• 1:12:45
  through the fact that he saved Rome and everyone was behind
• 1:12:47
  him, they got rid of him. And, you know, his name was
• 1:12:51
  almost forgotten. You know, his name was actually
• 1:12:54
  only remembered via the fact that a lot of history was
• 1:12:57
  recorded about Tiller. So I think it's a mixture of
• 1:12:59
  these two things, like these pathetic losers that end up like
• 1:13:03
  being entitled coupled with jealousy, coupled with like the
• 1:13:08
  evil cousin and all that sort of stuff.
• 1:13:10
  And, you know, life is complex as we know, civilization, all
• 1:13:13
  this sort of stuff is complex. You can never really like,
• 1:13:15
  pinpoint one thing. And the older I get, the more I
• 1:13:17
  realized that all of these things are quite multifaceted,
• 1:13:20
  But there's, you know, there's, there's bright spots in each of
• 1:13:23
  these where you can point to, OK, that's a, a primary factor.
• 1:13:26
  That's a primary factor, that's a primary factor.
• 1:13:28
  And I think you're pointing to two major primary factors.
• 1:13:32
  Love it. Absolutely love it.
• 1:13:34
  Well, I can't wait to read this book.
• 1:13:36
  But Alex, last two sats. What's the final message you
• 1:13:41
  want to leave with the audience? It could be about the book, it
• 1:13:43
  could be, you know, it could be a shill.
• 1:13:45
  It could be about life in general.
• 1:13:46
  What's the final message you want to leave with the audience?
• 1:13:49
  I think the final message honestly, is that there's there
• 1:13:52
  was a time when we were complaining about how bad the
• 1:13:56
  world is and that was, you know, 2020 to 2022.
• 1:13:59
  And that's when we all got radicalized and we're all like
• 1:14:01
  yelling, screeching, screaming about look how fucked up the
• 1:14:03
  world is and everything. And then we kind of like moved
• 1:14:05
  into just ridiculing, you know, because everything is just so
• 1:14:09
  fucking retarded. You know, the US, literally the
• 1:14:10
  the greatest power in the history of humanity has a guy
• 1:14:14
  that can't fucking put a sentence together as its
• 1:14:16
  leadership, right. So it's like we've been in
• 1:14:18
  ridicule stage, but I think we need to move to the next stage
• 1:14:22
  now, which is claiming territory, claiming power,
• 1:14:26
  claiming space, claiming, you know, whether it's political
• 1:14:30
  power, economic power, social power, local power, like all of
• 1:14:33
  it. We are the fucking ones that
• 1:14:35
  need to go out and claim this shit.
• 1:14:36
  And this is a a message of energy and a message of conquest
• 1:14:39
  and a message of moving forward and getting on attack.
• 1:14:43
  Like attack is the best defense. Offense is the best defense for
• 1:14:46
  a fucking reason. We've been playing defensive
• 1:14:49
  long enough. We've been playing, oh, take a
• 1:14:51
  back seat. Oh, I'm not political.
• 1:14:53
  I'm not this, I'm not that. Now fuck that.
• 1:14:55
  It's time that we move forward and actually claim space and
• 1:14:58
  claim territory again like our ancestors did.
• 1:15:01
  Like, you know, the West conquered the Earth for a
• 1:15:04
  reason. Because we had that vital
• 1:15:06
  energy, we were able to go out there and conquer and create and
• 1:15:09
  produce. And I think we need that again.
• 1:15:12
  And the age of conquest is going to come again, like the the
• 1:15:15
  world is fucked up and it's not going to get better by sitting,
• 1:15:19
  you know, and just buying some fucking Bitcoin like it's going
• 1:15:22
  to get better. If sure, we buy some Bitcoin, we
• 1:15:25
  secure ourselves economically, but then we do something with
• 1:15:27
  that capital. So if people are interested in
• 1:15:30
  that kind of message, the links there Bushido, bitcoin.com, you
• 1:15:34
  can pre-order it for some sats on geyser.
• 1:15:36
  It's like half the price before it goes live on Amazon.
• 1:15:38
  And fuck Amazon. We don't want to give them
• 1:15:40
  money. So you can send it straight to
• 1:15:42
  me, you can get it on Kickstarter, like all that sort
• 1:15:45
  of stuff. And yeah, if you want to support
• 1:15:47
  that work, by all means. If not, all good.
• 1:15:50
  You can get a free bunch of chapters pursued on bitcoin.com
• 1:15:53
  as well. Just Chuck your e-mail in there.
• 1:15:54
  You get a bunch of, and it's not like I haven't been a tight ass,
• 1:15:57
  like, oh, here's a little free chapter.
• 1:15:58
  It's like a big chunk of the book.
• 1:16:00
  So you can get that for free. Love it, love it.
• 1:16:04
  Hold on, We got to give Alex some horns 'cause I couldn't
• 1:16:07
  agree more. I've also noticed the very
• 1:16:10
  similar trend that you were just talking about of bit corners
• 1:16:12
  just being on the defense. And I think it's time that all
• 1:16:16
  of us bit corners in, in whatever capacity we can is that
• 1:16:19
  we go on the offense and we're not just battling the
• 1:16:23
  narratives. It's like we're, like you said,
• 1:16:25
  we're claiming territory. We're showing that living on
• 1:16:28
  Bitcoin is the better, superior way of life and out there
• 1:16:31
  creating the businesses and the communities and the
• 1:16:34
  opportunities so that other people see that living on
• 1:16:37
  Bitcoin makes you not only makes you successful, but it makes you
• 1:16:41
  healthy and a good person. And I couldn't agree more.
• 1:16:44
  I'm super excited to get this book myself.
• 1:16:46
  So guys, go to bashitoofbitcoin.com pre-order
• 1:16:50
  yourself a copy. And I can't wait to read this
• 1:16:52
  actually, before we go. When is it going to be
• 1:16:55
  officially launched? What's what's the launch date so
• 1:16:58
  the people can expect when to get a book?
• 1:17:00
  There's no launch date at the moment, but I expect it's with
• 1:17:03
  the editors now. I expect to have that ready and
• 1:17:05
  then, you know, get all the typesetting and everything done
• 1:17:08
  in August. And yeah, I think it'll start
• 1:17:12
  shipping end of August. So the, so the people who have
• 1:17:16
  ordered it pre-order via Geyser or via Kickstarter, they're
• 1:17:19
  going to get it first and then it'll go on Amazon probably in
• 1:17:22
  September. Love it, love it.
• 1:17:24
  Well, there you go guys. Make sure you get it on
• 1:17:27
  Kickstarter or on Geyser and you can get your hands on it first.
• 1:17:30
  All right, Alex, well, man, really appreciate you coming on.
• 1:17:33
  I absolutely love every time you come on, as Nico would have said
• 1:17:36
  here, Alex Zetsky every time comes on.
• 1:17:38
  Simply Bitcoin. The literally exploding the
• 1:17:40
  Overton window, breaking the echo chamber and you know, not
• 1:17:44
  saying everything that Bitcoiners want to hear, but
• 1:17:47
  they need to hear. And This is why we love bringing
• 1:17:49
  you on, bro. So really appreciate it.
• 1:17:52
  I know, I know you're not in the US Happy 4th, Happy Freedom Day.
• 1:17:56
  As you can tell, today's was a show that might be a little
• 1:17:59
  heavy for some people, but it's all about independence, about
• 1:18:01
  freedom, about taking back your own personal sovereignty.
• 1:18:04
  So Alex, really appreciate it, bro.
• 1:18:05
  Hang out behind the scenes while I wrapped today's show up.
• 1:18:08
  Thank you boys. Thank you.
• 1:18:09
  Happy. 4th you as well, man. All right, Chris.
• 1:18:12
  Well, your duties are off. Go have fun.
• 1:18:15
  Go enjoy your 4th of July. Appreciate you coming on, bro.
• 1:18:18
  You always make me look good, so I love it when you come on.
• 1:18:21
  Thanks man, appreciate it. Happy 4th of July everyone.
• 1:18:24
  Have a happy and safe time, have some beers, enjoy some freedom,
• 1:18:29
  you know, expand your family, grow your communities,
• 1:18:32
  strengthen your body and your mind.
• 1:18:34
  And have a good one, everyone. Let's go All right, appreciate
• 1:18:37
  it, Chris. All right, guys, Well, today was
• 1:18:40
  episode 1024 on 4th of July 2024.
• 1:18:44
  So you already know the deal like subscribe, share this
• 1:18:47
  content, make sure people wake up to what is actually going on
• 1:18:51
  in the world. It's not just about sharing
• 1:18:53
  simply Bitcoin content. It's about spreading the Bitcoin
• 1:18:56
  message to as far and wide as possible.
• 1:18:58
  Make sure your friends and family understand why you
• 1:19:01
  Bitcoin, the importance of Bitcoin, and This is why we make
• 1:19:04
  the content. On that note, guys, get outside,
• 1:19:06
  touch some grass, go hang out with your friends and family, go
• 1:19:09
  eat some meats at the BBQ. If you're not in the US and
• 1:19:12
  you're not celebrating 4th of July, stack some sats and
• 1:19:16
  embrace your own financial freedom.
• 1:19:18
  This is the way guys. We will be back tomorrow for the
• 1:19:21
  last show the of the week. It's your boy, Opti, Peace out.
• 1:19:28
  That was brought to you by bitcoinwell.com on a mission to
• 1:19:31
  enable independence.