Latest / Simply Bitcoin / How Much Bitcoin do YOU Need to Be in the 1% ? | EP 878

Transcript

How Much Bitcoin do YOU Need to Be in the 1% ? | EP 878 · Simply Bitcoin

• 0:05
  It's all. Going to zero against Bitcoin.
• 0:08
  It's going up forever. You're against Bitcoin.
• 0:18
  You're against freedom, yo. Welcome to some of the Bitcoin
• 0:23
  Lab. We are number one source for the
• 0:24
  peaceful Bitcoin revolution, breaking news, culture and medic
• 0:27
  warfare. We will be your guide through
• 0:28
  the separation of money and state.
• 0:31
  I'm sorry, ladies and gentlemen. The last couple of days I was
• 0:34
  in, I was in South Carolina. I didn't realize where I was at
• 0:40
  until the event happened, but I was at the Ocean Bitcoin mining
• 0:45
  event, which I know Opti and Sophie were holding it down
• 0:48
  while I was gone covered yesterday.
• 0:51
  But I I had no idea it was going to be that historic.
• 0:54
  And I and I got to witness first hand, you know, this
• 0:57
  announcement of the further advancement of the
• 1:01
  decentralization of Bitcoin mining.
• 1:03
  So we're going to touch upon that a little today.
• 1:05
  I did. I did get a video on the ground.
• 1:07
  I got to meet Jack Dorsey in the flesh.
• 1:09
  I shook his hand. That was pretty crazy.
• 1:12
  But yeah, that that's where I've been.
• 1:13
  So I'm glad that I'm back, but today's going to be a very, very
• 1:16
  special show. We're going to talk about how
• 1:20
  much Bitcoin exactly do you need to be in the 1%?
• 1:25
  But we've we've had an episode on that already.
• 1:28
  But I wanted to add another component, which is not only how
• 1:31
  much Bitcoin you need specifically to be in the 1%,
• 1:34
  but are you too late to Bitcoin 'cause I think there's a couple
• 1:38
  components there. And then to put the cherry on
• 1:42
  top right, we're going to do this episode.
• 1:44
  Today, Michael Saylor just announced that MicroStrategy
• 1:49
  bought an additional 16,130 Bitcoin.
• 1:54
  They now hold 174,000 Bitcoin. They almost hold one of every
• 2:00
  Bitcoin, which is crazy. One of every 100 Bitcoin, which
• 2:03
  is just absolutely nuts at an average price of $30,252 per
• 2:11
  coin. So he actually increased his
• 2:14
  average price because his average price before he started
• 2:16
  stacking a lot after went over 30 K was around 29 K So like
• 2:21
  obviously you know Michael Saylor has a long term
• 2:24
  commitment to this and long term vision.
• 2:26
  So it's going to be a great show.
• 2:28
  I'm super, super happy to be back.
• 2:30
  Shout out to Opti and Sophie for holding it down while I was
• 2:33
  gone. No more delay.
• 2:35
  Let me bring up my legendary Co host who's been hosting alone
• 2:39
  the only Optimus fields and he is.
• 2:40
  He's half smiling. Today it was Everything is Fine
• 2:44
  meme for the last week, Nico. But now we had it done.
• 2:47
  Man, it was fun. It was good.
• 2:49
  It was. The numbers were good.
• 2:50
  The Monday Show popped off. We did.
• 2:52
  Great. You know, I didn't bomb it this
• 2:54
  week. It feels good to not completely
• 2:56
  blow up. Simply Bitcoin.
• 2:58
  So shouts out to everyone in the chat, but man, before we get
• 3:01
  into it, yeah, like, I'm not gonna lie.
• 3:04
  Shouts out the sailor. But, like, it's starting to make
• 3:07
  me nervous how much Bitcoin he actually owned.
• 3:10
  It's absolutely incredible. Obviously we know we will
• 3:13
  probably talk about it like he has no more influence on the
• 3:16
  network than anyone else. But man, he's got so many coins.
• 3:19
  It's absolutely insane. Straight up Chad Saylor and I I
• 3:24
  really, it's going to get absolutely crazy when other
• 3:27
  billionaires start playing the race of SAT accumulation.
• 3:31
  It's I I I don't think we can really fathom this.
• 3:34
  And it's mad. 2024-2025 is going to get crazy and moving forward
• 3:38
  it's going to get even crazier. I'm just happy that we're, you
• 3:41
  know, we front ran everyone and and we have, you know, maybe
• 3:44
  it's our own little measly stack in comparison to sailors, but
• 3:47
  hey, feels good. It feels good to be right about
• 3:51
  things, yeah. Yeah, so remember guys, it's
• 3:55
  Infinity divided by 21 million. It's Infinity divided by
• 3:58
  21,000,000. But really it's like Infinity
• 4:00
  divided by like 18 or 17,000,000 because of how many, so many are
• 4:05
  lost. Not to mention the fact that 70%
• 4:09
  of Bitcoin has not moved in over one year, right.
• 4:13
  So the supply, the available surprise very little.
• 4:17
  So it's exactly what Opti said. I think he hit the nail on the
• 4:21
  head. He buried the lead there a
• 4:22
  little bit. When you know other public
• 4:24
  companies or other billionaires, let's say they want to adopt
• 4:27
  micro strategy strategy, they literally couldn't.
• 4:31
  There's not enough Bitcoin to go around.
• 4:32
  So what's that going to do? The price.
• 4:34
  And that's why he's so confident.
• 4:36
  And whoever that reporter that podcaster was, did you hit the
• 4:40
  did you hit the soundboard? Opti do the honours?
• 4:43
  Yeah, it was literally we're we're on the same wavelength.
• 4:46
  We're sinking, bro. It's going up forever, Laura.
• 4:48
  Exactly. Exactly.
• 4:50
  Oh, man, it's going to be great. All right, everybody.
• 4:52
  I'm excited for the show. Happy to be back in the saddle.
• 4:54
  Let's jump straight into numbers.
• 4:57
  Let's do it. The Bitcoin numbers.
• 5:01
  Is your Bitcoin and cold storage really secure?
• 5:04
  Is your seed phrase really secure?
• 5:07
  Stamp seeds? Do it yourself.
• 5:08
  Kit has everything you need to hammer your seed words into
• 5:12
  commercial grade titanium plates instead of just writing them on
• 5:16
  paper. Don't store your generational
• 5:19
  wealth on paper. Papers prone to water damage,
• 5:22
  fire damage. You want to put your
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  generational wealth on one of the strongest metals on planet
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  earth, Titanium. Your words are actually stamped
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  into this metal plate with this hammer and these letter stamps.
• 5:34
  And once your words are in, they aren't going anywhere.
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  No risk of the plate breaking apart and pieces falling
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  everywhere. Titanium stamp seeds will
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  survive nearly triple the heat produced by a house fire.
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  They're also crush proof, waterproof, non corrosive, and
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  time proof. All things that paper is not
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  allowing you to huddle your Bitcoin with Peace of Mind for
• 5:54
  the long haul. Stamp your seed on stamp, seed.
• 5:58
  All right guys, I wanted to say something about the stamp seed
• 6:01
  real quick. Look at that.
• 6:04
  They literally like this is like they put a blow tote torch, they
• 6:10
  pressed it and the words are still there.
• 6:15
  So don't. Don't store your generational
• 6:18
  wealth on paper. Start on titanium so you don't
• 6:22
  have to explain to your grandchildren you know how much
• 6:23
  that would suck. You've been stacking your entire
• 6:26
  life and then all of a sudden you lose your Bitcoin because
• 6:30
  you know your dog ate your seed phrase that would suck.
• 6:34
  Store your seed phrase. Store your seed.
• 6:36
  Phrase on titanium. The new excuse.
• 6:38
  It's no longer the dog ate my homework.
• 6:40
  It's sorry, IRS. The dog ate my seed phrase That
• 6:44
  is not Nico proved. Oh my God.
• 6:49
  All right, that was a joke, OK? That was a joke.
• 6:52
  That's a joke. That's a joke.
• 6:53
  At the time of recording, the Bitcoin price is 37,685 SATS per
• 7:00
  dollar. 2654 block height 819,150 blocks to having 2020,
• 7:09
  1850 having estimate April 19th, 2024 Total lighting network
• 7:15
  capacity 5045 Bitcoin capacity value 190, a 190 million U.S.
• 7:23
  dollars Realized Monetary inflation 1.75%.
• 7:27
  The market capitalization of Bitcoin $737 billion with the B,
• 7:33
  the Bitcoin versus gold market cap 5.39%.
• 7:39
  In the grand scheme of things, Bitcoin is still a baby.
• 7:42
  Once Bitcoin reaches the market cap of gold, that would put the
• 7:45
  price of Bitcoin at 590,000 per coin or roughly $600,000 per
• 7:51
  Bitcoin. So are you trying to tell me
• 7:53
  that it's not going to get there?
• 7:55
  Bitcoin's just better than gold, man.
• 7:57
  That's that's what I got to say. And I'm not trashing gold that
• 7:59
  much, 'cause I do like holding like, actual fucking real gold.
• 8:04
  Like real gold feels nice. It feels nice.
• 8:06
  It's heavy, it's feels good. But try try flying with a large
• 8:12
  amount, crossing a border. Try try paying with that metal
• 8:17
  bar at Acvs or something to buy something.
• 8:20
  You know you can't do that, but you could definitely do that
• 8:22
  with Bitcoin, right? Anyways, just putting that
• 8:24
  thought out there today, I do want to give a small update on
• 8:31
  the battle for free speech. And I think Elon Musk really
• 8:36
  defined what having Fuck You Money is like because he had an
• 8:42
  interview on the legacy corporate media.
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  I think it was, it was part of like the and the.
• 8:47
  It was, it was essentially part of the The New York Times since
• 8:50
  I think this this, this show with Andrew Andrew Ross Sorkin.
• 8:55
  He's the host of CNBC. It's called The Deal Books
• 9:00
  Summit, New York Times. Do you guys know what this is?
• 9:04
  This is when SPF gave a speech and the audience gave a round of
• 9:08
  applause. Like, yeah, it's that same
• 9:10
  venue, it was that same show, it was that same event and MUSS was
• 9:14
  challenged because essentially there's some information warfare
• 9:18
  going on. And I think we covered it last
• 9:20
  week, but just to give a little bit of a little bit of a
• 9:23
  reminder of what's going on. So Media Matters made the claim
• 9:29
  that that advertisers ads essentially or being put next to
• 9:36
  extremist content. Content.
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  So anti-Semitic content. You know racist content,
• 9:43
  extremist content. And it worked.
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  A lot of companies pulled their ads including IBM, Lionsgate
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  Entertainment, Apple, Disney, Warner Brothers Discovery,
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  Paramount, NBC Universal, Comcast, Sony, Ubisoft, right.
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  So just to name a few, So this was an attack.
• 10:04
  Now if you read this on its face, you're like, if you think
• 10:08
  about it right, you're like including us, it's simply
• 10:11
  Bitcoin. That's like, no, we don't like
• 10:13
  racism. Like we don't like, you know,
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  people calling, we just, I I think racism is is a fucking
• 10:19
  distraction. It's horrific and it's terrible.
• 10:22
  But are their claims true? Or they, or they or did they
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  manipulate the media in order to achieve a certain political end
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  goal? And I believe it's obviously
• 10:38
  they tried to manipulate the media.
• 10:41
  Media. So Elon Musk, essentially Elon
• 10:45
  Musk sued back. But it wasn't also Elon Musk.
• 10:49
  It was also the Attorney General of of Texas, Ken Paxton.
• 10:56
  He also announced that he was going to be launching an
• 10:58
  investigation into potential into potential fraudulent
• 11:05
  activity, so here is a piece from The Associated Press.
• 11:09
  The Media Matters report pointed to ads from Apple and Oracle
• 11:13
  that also were placed next to anti-Semitic material on X on
• 11:17
  Friday. It said it also found ads from
• 11:19
  Amazon, NBA Mexico, NBC Universal and others next to
• 11:23
  white nationalist hashtags. But San Francisco based X says
• 11:27
  in the complaint filed in federal court in Fort Worth, TX
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  that Media Matters quote, knowingly and maliciously
• 11:35
  portrayed ads next to hateful material as if they were what
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  typical ex users experience on the platforms.
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  Xcomplaint claims that Media Matters manipulated algorithms
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  on the platform to create images of advertisers paid posts next
• 11:50
  to racist incendiary content. The juxtapositions, according to
• 11:55
  the complaint, were quote, manufactured, inorganic and
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  extraordinarily rare. It says that Media Matters did
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  this by using X accounts that just followed X users known to
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  produce extreme fringe content and accounts owned by X major
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  advertisers. This, the complaint says, led to
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  a feed aimed at producing side by side placements that Media
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  Matters could then screenshot in an effort to alienate X
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  advertisers. Right.
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  So like, it was this actually happening regularly?
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  Like if you're a regular user, No, they had to manipulate it.
• 12:32
  They had to follow only the extremist accounts, only the
• 12:36
  said companies that were advertising with Twitter to get
• 12:40
  that result. So if this wasn't just happening
• 12:43
  naturally and organically, they were trying to artificially
• 12:47
  create the results. Why were they trying to do that?
• 12:51
  Since Elon Musk took over the platform, right.
• 12:54
  He's been a lot friendlier to his free speech.
• 12:57
  And that is a big that is a big problem to institutions,
• 13:03
  governments that have been used to controlling the free flow of
• 13:09
  information. Remember what the current
• 13:12
  administration did? They tried to set up the
• 13:15
  so-called Ministry of Truth. And I'm, I'm not trying to side
• 13:19
  with a certain political party. You know, I I think whether it's
• 13:22
  a Republican or Democrat, any conservative liberal if if they
• 13:26
  have the political means to do this without severe
• 13:31
  repercussions, I think it's just human nature to try to censor
• 13:35
  your political opposition. This is why protocols like
• 13:38
  Bitcoin and Noster are so important, because they don't
• 13:41
  have that issue, so to speak. So yeah, it's it's just crazy.
• 13:47
  But look, the reality is though, is that that Twitter or X is
• 13:52
  really the platform that has the critical mass so that the
• 13:56
  majority are a big part of the world is there.
• 13:59
  And clearly what they're trying to do is they're trying to
• 14:02
  attack its revenues for political means.
• 14:06
  And here is Elon, this is, this just happened.
• 14:09
  A thing happened a couple days ago.
• 14:10
  The Bitcoin therapist he made? He made some memes for us back
• 14:14
  in the past. Then he said the elites are
• 14:17
  doing everything in their power to bankrupt X, control the
• 14:20
  media, stop Bitcoin and keep you a prisoner.
• 14:24
  Elon tells them to their face to go F themselves.
• 14:27
  So we'll play the clip in a second.
• 14:29
  But this reminds me of my favorite passage from Don't
• 14:34
  drink the elites, kool-aid from Bitcoin magazine.
• 14:37
  You'd be thinking like, why is Media Matters doing this?
• 14:40
  Why was the US government which was discovered when the Twitter
• 14:44
  files were leaked? Why were members of the US
• 14:47
  government asking Twitter to certain to censor certain
• 14:51
  American speech. Well if you censor speech that
• 14:55
  you don't disagree with then you don't have to provide arguments
• 14:59
  against it. You know, it's it's just it's
• 15:01
  just kind of common sense. Right.
• 15:03
  So and Naimbu Kelly, I think, I think he understood this.
• 15:05
  I think he understood this vehemently probably because of
• 15:09
  the amount of bullshit he knew he was going to have to deal
• 15:12
  with from the legacy corporate media when he made Bitcoin legal
• 15:15
  tender. Again, this is a passage from
• 15:17
  Stop Drinking the Elites Kool-aid, which was published by
• 15:20
  our friends over at Bitcoin Magazine.
• 15:22
  He goes on to say the most vocal detractors, the ones who are
• 15:24
  afraid and pressuring us to reverse our decision, are the
• 15:27
  world's most powerful elites and the people who work for a
• 15:30
  benefit from them. They used to own everything, and
• 15:32
  in a way they still do the media, the banks, the NGOs, the
• 15:36
  international organizations, and almost all the governments and
• 15:39
  corporations in the world. And with that, of course, they
• 15:42
  own the armies, the loans, the money supply, the credit
• 15:44
  ratings, the narrative, the propaganda, the factories, the
• 15:48
  food supply. They control international trade
• 15:51
  and international law. But their most, most powerful
• 15:54
  weapon is their control on the truth.
• 15:57
  And they're willing to fight, lie, smear, destroy, censor,
• 16:00
  confiscate, print, and do whatever it takes to maintain
• 16:03
  and increase their control over the truth and everything and
• 16:07
  everyone. So make no mistake, this attack
• 16:10
  by Media Matters, right? They're trying to hide under a
• 16:13
  noble cause. Because I think no one wants,
• 16:16
  you know, their ads to be shown next to white supremacists next
• 16:20
  to anti semites, and that's to racist.
• 16:23
  Nobody wants that, right? That's disgusting.
• 16:26
  But that's not what happened, that they had to artificially
• 16:29
  create that in order to achieve that with the goal of attacking
• 16:35
  Twitter's revenue because they can no longer censor Twitter the
• 16:39
  way they they used to be able to censor when it wasn't under the
• 16:44
  control of Elon Musk. Now, again, I want to emphasize
• 16:49
  This is why Noster is so badass. This is why Bitcoin is so
• 16:53
  badass. Because no matter what you do,
• 16:57
  you can't just de platform someone off Noster, you can't
• 17:00
  just de platform someone off Bitcoin.
• 17:02
  So it's a it. What it does is it becomes a
• 17:04
  forcing function and essentially you're going to have to deal
• 17:10
  with that person transacting. You're going to have to deal
• 17:13
  with that that person's ideas. And if those, if that person's
• 17:18
  ideas are powerful, you're going to have to win over people in
• 17:22
  the free market of ideas rather than just trying to censor their
• 17:26
  speech altogether. That makes it a lot that that
• 17:28
  makes it very difficult for governments to try to explain
• 17:33
  what inflation is like. I know this isn't relation to I
• 17:36
  know that this is to achieve a certain other political end
• 17:38
  goal. But remember what we've always
• 17:41
  brought up on simply Bitcoin. Our end goal here should be to
• 17:46
  essentially get governments to a point where they are forced to
• 17:51
  ask the question, why are you forcing us via legal tender laws
• 17:57
  to use a money that steals from us, that is designed to lose
• 18:02
  purchasing power over time? And why are you punishing me?
• 18:07
  Because I'm choosing to use pay money that is deflationary,
• 18:12
  meaning it increases in purchasing power over time and
• 18:16
  it's censorship resistant. And I don't think they have a
• 18:19
  good answer to that. And the reason I say that is
• 18:21
  because anytime we played you the video by Elizabeth Warren,
• 18:25
  essentially her case is, oh people, Bitcoin wouldn't be
• 18:30
  necessary if if people had a more efficient means of payment.
• 18:35
  That's what CBD CS are all about.
• 18:37
  No, Elizabeth Warren, the whole point of Bitcoin is that it
• 18:41
  protects your purchasing power from government debasement,
• 18:46
  right? If we have open discourse, we
• 18:51
  can bring that to light. If we don't have open discourse,
• 18:54
  if they censor the free flow of information, normies are just
• 19:00
  completely unaware of that. Remember what Naimbu Kele says?
• 19:03
  Their most important weapon is their control on truth.
• 19:07
  So shout out to Elon for really fighting back on this.
• 19:11
  And here it's the definition of fuck you money, because his
• 19:15
  answer, not only his answer but the reaction from the from
• 19:20
  Andrew Sorkin was hilarious. I he he did, he made the same
• 19:23
  reaction that I do when Opti goes a little bit off the rails.
• 19:26
  He just kind of like put his hand on his face, just kind of
• 19:29
  like looking down like holy shit did he really just say that?
• 19:32
  Anyways, I'm going to play it to you guys and then we'll talk
• 19:34
  about it. Obviously you know that there's
• 19:36
  a public perception. That you're clarifying this now,
• 19:40
  but there's a public perception that that was part of a apology
• 19:43
  tour, if you will, that this had been said online.
• 19:46
  There was all of the criticism. There was advertisers leaving.
• 19:48
  We talked about I hope they stop.
• 19:50
  You hope don't advertise. You don't want them to
• 19:53
  advertise. What do you mean?
• 19:54
  If somebody's going to try to blackmail me with advertising,
• 19:58
  blackmail me with money, go fuck yourself.
• 20:05
  But. Go fuck yourself.
• 20:10
  Is that clear? I hope it is.
• 20:13
  Hey, Bob, if you're in the audience, well, let me ask you
• 20:17
  then, that's how I feel. I don't advertise.
• 20:22
  How do you think then about the economics of of X?
• 20:26
  If, if, if, if part of the underlying model, at least today
• 20:30
  and maybe it needs to shift, maybe the answer is it needs to
• 20:32
  shift away from advertising. If, if you believe that this is
• 20:37
  the one part of your business where you will be beholden to
• 20:39
  those who have this view, what do you do?
• 20:46
  FYI, I understand that, but there's a reality too, right?
• 20:55
  Yes. No, no.
• 20:56
  I mean, Linda Yaccarino's right here and she's got to sell
• 20:58
  advertising. Absolutely.
• 20:59
  So no, no, Philly. So, so no, no actually what what
• 21:03
  this advertising boycott is, is is going to do, it's going to
• 21:07
  kill the company and you think that that but and the whole
• 21:13
  world will know that those advertisers killed the company
• 21:17
  and we will document it in great detail.
• 21:20
  But there are those advertisers, I imagine, are going to say,
• 21:22
  they're going to say we didn't kill the company.
• 21:24
  Oh yeah, they're going to say tell to tell to Earth.
• 21:27
  But they're going to say that they're going to say, Elon, that
• 21:29
  you killed the company because you said these things and that
• 21:33
  they were inappropriate things and that they didn't feel
• 21:36
  comfortable on the platform. Right.
• 21:37
  That's that's what they're going to say.
• 21:38
  And let's see how Earth responds to that.
• 21:42
  So let me OK this then this. Woah, OK OK, this is heating up.
• 21:49
  This is heating up. So you see how this all started
• 21:53
  and please connect this with the article from Naimbu Kele.
• 21:57
  Where he's describing right, these NGOs, these international
• 22:03
  organizations, these corporate companies, you know, part of the
• 22:07
  Contillion Air Conference, part of the World Economic Forum.
• 22:11
  He referenced Bob. That was a reference to Bob
• 22:14
  Iger, who is The Who is the CEO of Disney.
• 22:20
  And clearly you could make an argument that perhaps.
• 22:26
  They knew that what Media Matters was doing, they weren't
• 22:31
  doing. They weren't necessarily telling
• 22:34
  the truth. But it's just like the Wall
• 22:37
  Street Journal article and Defense sent like even though it
• 22:42
  was revealed that the Wall Street Journal article was
• 22:44
  bullshit, it still achieved its political end goal.
• 22:49
  So this is the same thing. This is the kind of the
• 22:51
  justification right? And for anyone who's like a low
• 22:55
  information voter or low as someone who just consumes the
• 22:58
  legacy media, you're just like wow, Elon's an asshole.
• 23:02
  He was at. He's promoting far right
• 23:04
  extremist content like or racist content or anti-Semitic content.
• 23:11
  But like, I personally, I think X has gotten better.
• 23:15
  I don't see any of this extremist content.
• 23:19
  Did you guys know that they just allow porn on X?
• 23:21
  Did you guys know that? Like, that's a thing, right?
• 23:24
  So like and it's just like you could see it like full blown,
• 23:29
  like, you know, all this stuff. So it's like, I feel like
• 23:31
  they're picking boogeymen and to artificially create a result,
• 23:38
  they get the images and they're like, you see he's a far right
• 23:41
  extremist and they're attacking him for it.
• 23:45
  But I don't think it has to do anything with the far right.
• 23:47
  Because remember what they did with Javier Mali?
• 23:50
  What did they call Javier Mali? Who's a Libertarian candidate?
• 23:54
  He's he's not a ultra conservative candidate, he's a
• 23:57
  libertarian. What did they do?
• 24:00
  They called him a far right extremist.
• 24:02
  What did they do with Naimbu Kelly?
• 24:05
  They basically called him a fascist.
• 24:08
  So essentially anyone who doesn't toe the party line.
• 24:12
  Is somehow an extremist. And I said and what is happening
• 24:15
  on Twitter is 2 things. It's showing the weakness of
• 24:20
  centralized of centralized platforms, right?
• 24:24
  This is why Noster and Bitcoin are so important.
• 24:29
  You can't even do this if you tried the CEO.
• 24:32
  The Bitcoin CEO and Noster CEO are not available to comment.
• 24:35
  There is no one to say go fuck yourself, right?
• 24:40
  But it's also highlighting the fact of how much these powerful
• 24:45
  institutions and governments, mind you, these are Naimbu
• 24:48
  Kele's words value their control on the narrative and their
• 24:53
  control on the truth, and that is how they manipulate people,
• 25:00
  in my opinion, if we're really going to connect the dots here
• 25:03
  into using the money, that steals from you.
• 25:07
  And then the way that they get you to go along with it is that
• 25:11
  they either use some of that money printing to, you know,
• 25:15
  give you some welfare and make sure, you know, take $100 out of
• 25:18
  your back pocket and give you $10 back and you're like, oh, I
• 25:20
  got $10.00 for free. Or they use the divide and
• 25:25
  conquer strategy, which is basically they tell you that all
• 25:27
  your problems are caused because the left wing party's in power,
• 25:32
  the right wing party's in power all the while, regardless of
• 25:35
  what party's in power. They're, they're they're
• 25:38
  debasing the fuck out of your wealth, out of your money, If
• 25:42
  you're earning in that said Fiat currency, so you're witnessing
• 25:48
  first hand, you have a front row seat to the battle for free
• 25:51
  speech and you can clearly tell where Elon stands in all this.
• 25:57
  That reporter wasn't ready. He pulled the Nico when opti
• 25:59
  goes ham like he was just like holy shit, I don't even, I don't
• 26:02
  even have a fucking response to that.
• 26:04
  And then he's like he's like what about the economic
• 26:06
  situation which is crazy and This is why Elon said blackmail.
• 26:10
  These big ass companies, they're not concerned about the truth,
• 26:15
  they're concerned about maintaining the narrative, which
• 26:18
  is crazy to me, right. So he called it for what it is
• 26:22
  blackmail. And then what he said was like
• 26:25
  look like. If they're going to bankrupt the
• 26:28
  company based on bullshit data, like so be it.
• 26:35
  And again, this isn't a public company, this is a private
• 26:37
  company. Elon owns it.
• 26:39
  So if they're going to try to bankrupt Twitter, even though it
• 26:45
  was manipulated data that was represented in the media, Media
• 26:50
  Matters article and the fact that.
• 26:53
  Even though this was manipulated data and the fact that these
• 26:56
  companies still have not walked it back, I think speaks volumes
• 27:00
  for what they're actually interested in.
• 27:03
  Anyways, This is crazy, dude. This is crazy.
• 27:07
  Separation of money and state. Separation of information in the
• 27:09
  state. Front row seats.
• 27:10
  This is nuts. This is nuts.
• 27:12
  Naimbukele called this brother. I don't know when that article
• 27:15
  dropped, but he hit the nail on the head.
• 27:17
  Yeah, I mean that was last year like before any of this stuff
• 27:21
  started to heat up. We, we've been covering this for
• 27:23
  a while and Naibu Kelly pretty much exposed that a long time
• 27:26
  ago. OK.
• 27:28
  Like on the surface of course, like that, that was pretty
• 27:31
  based, you know, from Musk is pretty like as someone that
• 27:35
  comes on here on YouTube and basically calls this out all the
• 27:38
  time. It it's it does feel good.
• 27:41
  You know, it's one of those things of like, yeah, we were
• 27:43
  right. I mean we constantly talk about,
• 27:46
  you know, most most people yell at me now in the chat when I say
• 27:48
  the monopoly on truth. But really it's the monopoly on
• 27:51
  the flow of information. And we're seeing that the
• 27:54
  elites, the unproductive class are are so detached from reality
• 27:58
  that they are scrambling to control the narrative one more
• 28:02
  time. And and these are the tools of
• 28:04
  controlling that narrative that we see all the time.
• 28:05
  We we constantly. Go over the target as Nico, he
• 28:09
  says. And it's always the signal is
• 28:11
  the same. Follow the money.
• 28:12
  It's always about the money. And even Musk has said it so,
• 28:15
  like on the surface level he it does feel like he's exposing the
• 28:19
  game and and there is a vie for power right now.
• 28:23
  Now if we go under the levels and you know, putting my tinfoil
• 28:27
  hat on a little bit here, it does make me wonder.
• 28:32
  What is actually going on? It does seem like, you know,
• 28:35
  based on must rhetoric. I I don't really like to
• 28:37
  speculate on what he's actually doing because I have no clue.
• 28:40
  I'm just kind of watching it like everyone else does.
• 28:43
  It does seem like he's he is a proponent for free speech even
• 28:47
  though there are still accounts that are naked on Twitter.
• 28:49
  You know, so like there is some nuance to this whole
• 28:52
  conversation, but also again. Putting my tinfoil hat on, it
• 28:57
  always makes me think of like, what are the attack vectors and
• 29:01
  and and thinking about this adversarially, it does make me
• 29:05
  feel like maybe there is some kind of misdirection going on
• 29:10
  here, and I'm not sure exactly where it's going.
• 29:14
  Like it does feel kind of more like divide and conquer, you
• 29:17
  know, make Elon to be some kind of hero.
• 29:20
  And maybe he's not exactly who we think he is.
• 29:22
  Again, that's just me. Thinking here out loud and and
• 29:26
  going down different rabbit holes and trying to wonder
• 29:28
  what's going on again, what do we always say in Bitcoin there
• 29:31
  are no heroes. Slay your heroes and all that
• 29:33
  and then people are trying to make Musk out to be a hero.
• 29:36
  Right now though, if you take it just based on the on the surface
• 29:41
  level stuff like it seems like he's in the fight for free
• 29:45
  speech. Again, there's nuance to all of
• 29:47
  this and he is exposing the game and it just, it just makes me
• 29:50
  wonder, you know, like. Constantly we talk about
• 29:53
  escaping the matrix, the Fiat Matrix and opting out and all
• 29:56
  that. But when I see people come out
• 30:00
  with big followings, especially, you know the richest man in the
• 30:02
  world, it just it, you know, I don't know what's going on
• 30:04
  behind the scenes. It just makes me wonder like, is
• 30:07
  this a misdirection play? Obviously we are free speech,
• 30:10
  Maxis. We want to encourage free
• 30:13
  speech. I don't think we need to have
• 30:15
  the nanny state tell us, you know, what is free speech and
• 30:18
  what is good speech and what is bad speech and all that stuff.
• 30:20
  Because you know if you. Just look at that that clip and
• 30:23
  we and we constantly roll out the receipts on the show, the
• 30:27
  parallels between what we're seeing and you mentioned it from
• 30:30
  Elizabeth Warren's you know oh we need to protect the common
• 30:33
  good from criminals using Bitcoin.
• 30:35
  You're you're seeing the same narrative in the same framing in
• 30:38
  regards to free speech that we need to.
• 30:42
  Protect the common good and police speech and and just going
• 30:46
  down those precedents is it's absolutely terrifying.
• 30:50
  Of course, we all have read, you know, 1984 and all the dystopian
• 30:55
  novels of the past where. We always, we always joked that
• 31:00
  it's it wasn't supposed to be a blueprint like it wasn't
• 31:03
  supposed to be the playbook and yet here we are.
• 31:04
  So again I I just try to think of this on the surface level it
• 31:09
  does feel like a good dopamine. It's like, yeah, you know keep
• 31:11
  going, but then on the back end it it's I think we have to be
• 31:15
  adversarial on our thinking and and really just try to consider
• 31:18
  what is going on and what are the plays here and of course.
• 31:21
  We constantly say that the media, the corporate press has
• 31:24
  no legitimacy. They're so detached from
• 31:27
  reality. I don't think they, I don't
• 31:28
  think they care that honestly it's gonna agree it it it
• 31:33
  clearly and not all of them, right.
• 31:34
  There's some good guys like Tucker and I think that's why
• 31:37
  they fired him. But like I I I think really what
• 31:42
  was what was uncovered is that the court, the the legacy
• 31:47
  corporate media? It's really difficult to say
• 31:52
  this. I I don't know if it was always
• 31:54
  like this because I remember watching CNN like back in the
• 31:56
  2000s and like maybe like just because there wasn't any
• 32:00
  alternatives you didn't notice. But it's hard to come and we're
• 32:06
  going to show this during the news by the way hashtag swimming
• 32:10
  pools. But it it it just seems like a
• 32:14
  lot of these well respected. Legacy institutions have really
• 32:20
  become propaganda arms, without a doubt, and they're riding on
• 32:24
  their coattails of legitimacy. But but from my perspective, I
• 32:29
  know, again, this is an opinion. It's not a fact, but it.
• 32:33
  It's just like, like, do you have a political goal here?
• 32:36
  Like, aren't you supposed to be a journalist?
• 32:39
  Your job is to be a journalist and report what you're seeing.
• 32:43
  Not. Propagandize.
• 32:46
  And that's just very strange to me.
• 32:48
  Like, it's very strange that, you know, independent content
• 32:51
  creators are now the sources of truth for people like, like,
• 32:56
  like the, you know. And This is why I think you see
• 32:57
  the rise of Joe Rogan, the rise of of Russell Brand, the rise of
• 33:02
  alternative Media. Because I think people are sick
• 33:04
  and tired of being fed a certain narrative.
• 33:08
  That it's like their comments is like bro, like you're fucking
• 33:11
  lying to me and and I think that their response is like.
• 33:16
  Lie harder? No or.
• 33:17
  Not lie harder and censor harder so that people don't find
• 33:21
  alternative. Those alternatives are
• 33:22
  extremists. It's dangerous when people want
• 33:25
  to seek out their own information.
• 33:28
  So anyways, this is. Crazy before remember they used
• 33:31
  to tell you a couple of years back the the corporate press was
• 33:34
  saying like don't do your own research, just trust the experts
• 33:37
  like. If that's not signs of what's
• 33:39
  going on, they're like, no, no, no, don't look behind the veil.
• 33:42
  Just trust us, bro. Don't look into this, You, you
• 33:44
  don't have to look into this. There's nothing there.
• 33:46
  And it's just like, yeah, that's usually when I want to look into
• 33:49
  stuff. Yeah.
• 33:50
  And then this, this kind of leads me to my my final we'll
• 33:54
  we'll wrap it up with this. And this is a a message from
• 33:59
  Jeff Booth, right, 'cause it all, really, it comes down to
• 34:02
  the money at the end of the day. So Elon Musk, and this was
• 34:06
  before the Media Matters attack, said how did the most How did
• 34:09
  most of the legacy media go from superheroes of free speech to
• 34:12
  super villains of speech suppression?
• 34:15
  And Jeff Booth says because broken money ensures the
• 34:17
  centralization of power by stealing the productivity
• 34:21
  through inflation that should flow to society in the form of
• 34:24
  lower prices, then those enriched by that theft and
• 34:28
  subsequent power must control the messaging to keep it.
• 34:34
  That's really what's happening here, ladies and.
• 34:36
  Gentlemen, it's all a game of trust, man.
• 34:37
  It's even in the White Paper. Like is the separation of money
• 34:40
  and state. So if you don't like, you know
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  to the news. We have a lot to talk about.
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  The Daily News. I want to give a shout out to
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  All right, everybody, let's get to the news of today.
• 37:13
  All right, So I had the privilege and honor to be able
• 37:17
  to attend the Ocean event yesterday.
• 37:23
  It was, yeah, it was. No, it was on Tuesday.
• 37:26
  I got back yesterday where Jack Dorsey, Luke Dash, Junior,
• 37:35
  Bitcoin mechanic all announced the next step towards true
• 37:41
  Bitcoin mining, true Bitcoin mining pool decentralization,
• 37:45
  and they announced Ocean. Jack Dorsey leads the sea seed
• 37:50
  round with $6.2 million, so they got a ton of funding and the
• 37:54
  reason that this is important is because where we are heading
• 37:59
  mining pools, right? And there's not that many of
• 38:02
  them to be honest with you, right?
• 38:04
  There's AMP pool, there's Foundry USA, there's F2 pool.
• 38:09
  You know, and there's a couple others, but there's there's only
• 38:11
  a handful. Now, I know a lot of people are
• 38:13
  saying, oh, this is Bitcoin central centralization, blah,
• 38:16
  blah, blah, blah, blah, blah. No, no, no.
• 38:19
  Think of Bitcoin mining like like like entering a lottery,
• 38:24
  right. And if you pull, hence the name
• 38:28
  pull, if you pull your resources together, what do you do?
• 38:32
  You increase the probability of you winning that said lottery,
• 38:37
  right? So just because there's a couple
• 38:40
  people are doing that out of convenience because they want to
• 38:44
  increase their probability of winning that lottery so that
• 38:49
  they can maintain, they can maintain profits, right, Like if
• 38:53
  you're running a a mining operation and you have a very
• 38:58
  low percentage of the hash rate. Obviously you're not going to
• 39:02
  win those blocks very often. So you do, you know you do want
• 39:06
  that consistent income coming in.
• 39:09
  So that's why people are are pooling their resources
• 39:11
  together. That being said, there really
• 39:14
  isn't that many mining pools and what's already happened, it's
• 39:18
  happened to Marrapool. This was a while ago.
• 39:21
  Marrapool represents around 4% of the Bitcoin hash rate.
• 39:27
  And this just happened with F2 pool is that they've censored
• 39:33
  before and they've censored specifically for OFAC.
• 39:38
  OFAC stands for the Office of Foreign Asset Control.
• 39:41
  It's a part of the of the US Treasury.
• 39:44
  You know, the same U.S. Treasury that that went and had
• 39:50
  a press conference last week grandstanding and telling us
• 39:54
  about, you know? The money laundering that was
• 39:59
  being done by Binance, and I'm sure that Binance is a, you
• 40:03
  know, shady I I don't like the fact that you know they they
• 40:08
  walked in a lot of unsuspecting noobs or or no corners into the
• 40:13
  industry and sold them altcoins, right?
• 40:16
  I don't like that. But at the same time, you know,
• 40:21
  this is the same government that, you know, has funded a lot
• 40:25
  of wars. This is the same government that
• 40:27
  is constantly debasing the currency of Americans, right,
• 40:32
  Which disproportionately affects the lower and middle classes.
• 40:36
  So, you know, when they're taking the podium and saying
• 40:39
  that the US is a country of laws, are they, are they
• 40:44
  following those laws too? Or is it kind of like a rules
• 40:46
  for thee and not for me? And again, no way to know that
• 40:50
  for sure and whatever, but that's just my personal opinion
• 40:55
  as a millennial living in the USI know that my life is
• 40:59
  definitely I I know that my housing, my, my, my ability to
• 41:04
  buy a house or my opportunities are lower than my parents were
• 41:08
  at the same age. Right.
• 41:10
  So, and I think that has to do with poor monetary policy.
• 41:15
  I think that has to do with Fiat.
• 41:16
  So you know, it it, it's just it again, like it, is it really
• 41:21
  about stopping money laundering or is it truly about controlling
• 41:25
  the money, period, controlling the money flows?
• 41:29
  Because I think that the US government gets a tremendous
• 41:32
  amount of power from US sanction policy.
• 41:36
  And this is a very important discussion that we inevitably
• 41:38
  are going to have to have because you have an open
• 41:42
  monetary network like Bitcoin that everyone can use.
• 41:48
  Yes, that means Russia. Yes, that means China.
• 41:51
  Yes, that means Iran. Versus a money that is
• 41:57
  politicized and weaponized that only the only the people that
• 42:05
  the bureaucratic elite say can use money are entitled to use.
• 42:12
  So I think that this is going to be an inevitable clash of epic
• 42:15
  proportions. And I believe This is why
• 42:18
  they're planting the seeds, which is what I noticed about
• 42:21
  that press conference that we played for you guys where we
• 42:23
  talked about last week where they mentioned terrorism and
• 42:29
  Bitcoin like 1000 times. But if you actually look at the
• 42:33
  data and it was Senator, Senator Cynthia Lummus that posted this
• 42:39
  99, more than 99% of illicit finance is funded through
• 42:45
  traditional means. It's not even coming through
• 42:48
  quote UN quote crypto and Bitcoin and altcoins.
• 42:54
  So I, I, I, I, I think that this is where it's going and kind of
• 42:57
  tying this back to the mining pools, The way that mining pools
• 43:01
  work now is that the mining pool operator gets to choose what
• 43:07
  blocks are included in that block and with that power comes
• 43:14
  the ability to censor. And here you have F2 pool, who
• 43:21
  represents who's the third largest mining pool at the
• 43:24
  moment with 11% of the hash rate.
• 43:28
  And they were caught filtering or censoring certain
• 43:36
  transactions. Now they walked it back after
• 43:39
  they got caught. St.
• 43:40
  Meropool did the same thing. They walked it back after they
• 43:43
  got caught. The community fought hard.
• 43:45
  Now, does this mean that Bitcoin can be censored?
• 43:48
  No, But this is an attack vector because if you're a mining pool
• 43:53
  operator in Russia or in Venezuela or in whatever, if you
• 44:01
  find one block that's going to be included in the blockchain.
• 44:06
  So yes, certain pools could try to censor, but if there's one
• 44:11
  mining pool that's not censoring, that block is going
• 44:14
  to be included and the so-called censored or blacklisted
• 44:18
  transactions are going to be included in the blockchain.
• 44:22
  So this is this is a, this is a, a, a part of a of a of a deeper
• 44:26
  and bigger conversation. This is why it's so important
• 44:31
  what what this company is doing. Ocean, Shout out Jack Dorsey.
• 44:37
  Shout out Luke Jackson Junior and shout out Bitcoin Mechanic
• 44:40
  and the rest of the Ocean team. They also put together an
• 44:42
  incredible event. I'll show you guys a a clip that
• 44:45
  I got from it. But anyways back to this.
• 44:49
  So FF2 pool disables transaction filtering patch.
• 44:54
  That goes on to say we'll disable the TX filtering patch
• 44:57
  for now until the community reaches a more comprehensive
• 45:01
  consensus on the topic. What consensus?
• 45:04
  Like, what do you mean? Do you think the Bitcoin
• 45:06
  community is going to agree to censoring certain transactions?
• 45:12
  And again, the censorship isn't coming from the community.
• 45:15
  The censorship is coming from the US government.
• 45:18
  It goes on to say a censorship resistance system must be
• 45:21
  designed to resist censorship at the protocol level rather than
• 45:25
  relying on each participant to act.
• 45:29
  Opti, how do you say that fucking word, dude.
• 45:33
  Conscientiously, conscientiously and refrain from censorship.
• 45:37
  The Internet and TCP and IP has failed this.
• 45:40
  Bitcoin should learn from the failure.
• 45:44
  It goes on to say. Why do you feel surprised when I
• 45:46
  refuse to confirm transactions for those criminals, dictators
• 45:49
  and terrorists? I have every right not to
• 45:52
  confirm any transactions from Vladimir Putin and Xi Jinping,
• 45:55
  don't I? Meanwhile, CZ is selling his
• 45:57
  soul for money he deserves. So, OK.
• 46:01
  Couple thoughts here, right? Like dictator.
• 46:09
  So, so like, and mind you, if you're a mining pool operator,
• 46:13
  you have every right to censor transactions.
• 46:16
  But isn't it a coincidence? Whose transactions were being
• 46:21
  censored? Right.
• 46:23
  We, we, we've heard in the legacy corporate media, those
• 46:26
  names be thrown around a lot. Vladimir Putin and Xi Jinping,
• 46:30
  right. So anyways, just a interesting
• 46:33
  observation. So This is why This is why this
• 46:38
  is so important. And like I said, I'm so happy
• 46:41
  that I was able to witness this announcement live and it was
• 46:44
  absolutely incredible. And this was the announcement of
• 46:49
  the decentralized Bitcoin mining pool, Ocean.
• 46:53
  So I'm going to read a little bit about what it does.
• 46:55
  OPTI covered this yesterday, so I'm not going to get into too
• 46:57
  much detail, but it says Ocean aims to help miners regrain
• 47:00
  regain an autonomy and decision making power over more complex
• 47:05
  processes in mining operations, and is designed to be non
• 47:09
  custodial, transparent and permissionless.
• 47:11
  Quote The intention is to disintermediate to the greatest
• 47:15
  extent possible. Pools have become trusted third
• 47:17
  parties whose permission we have required for activating soft
• 47:21
  forks and deciding what gets into the blockchain, in addition
• 47:24
  to taking custody of all newly generated coins, Ocean's global
• 47:30
  head of sales Bitcoin Mechanic, said, Quote, by offering
• 47:34
  transparency and a mechanism for minors to be paid directly by
• 47:37
  Bitcoin itself, we make the network radically more robust,
• 47:43
  right? So, absolutely, absolutely
• 47:46
  historical. Like I said, it was crazy they
• 47:50
  did a, you know, a a a christening.
• 47:53
  I think that's what it's called. And essentially, when a new ship
• 47:56
  is made, the like, one of the honors that they do is that they
• 47:59
  take a champagne bottle and they break the champagne bottle
• 48:04
  against the ship to kind of signify that the ship is ready
• 48:08
  to sail. And they did the same thing, and
• 48:11
  they did it on top of a Bitcoin miner.
• 48:14
  So let's check it out. I think it was awesome.
• 48:16
  It's about a 32nd video. All right, you're up, Mark.
• 48:25
  Too much give, Too much give on the plastic.
• 48:46
  So successful launch of the pool.
• 48:48
  By the way, the pool is live, so you can go to ocean dot XYZ and
• 48:51
  you can start pointing your hash right there.
• 48:53
  Right now. You don't even have to sign up,
• 48:56
  you can just start receiving sats now.
• 48:58
  As soon as this happened, guess what happened?
• 49:02
  We've been speaking a lot about the legacy corporate media today
• 49:06
  and I'm going to connect some dots from you guys because just
• 49:10
  a lot of coincidences. So here's obviously Jack Dorsey
• 49:13
  quote. She thought it was the ocean.
• 49:15
  It's just the pool. And here is Nick Hoffman.
• 49:19
  Nick can't mine and he says new bit new coordinated Bitcoin
• 49:24
  Fudd. Dropping Bitcoin uses too much
• 49:27
  water. OK, so let's check it out,
• 49:30
  right? Isn't it strange that all of
• 49:33
  them are kind? It's almost as if they're saying
• 49:35
  the same thing. It's not just electricity.
• 49:40
  Bitcoin mines burn through a lot of water too.
• 49:43
  A single Bitcoin transaction uses enough water to fill a
• 49:46
  swimming pool. A Bitcoin transaction uses the
• 49:49
  same amount of water as a swimming pool.
• 49:52
  Single Bitcoin transaction may use pools worth of water.
• 49:56
  Bitcoin consumes as much water as all the baths in Britain.
• 50:01
  Bitcoin's water consumption raises concerns in mining
• 50:03
  industry. BBC Every Bitcoin payment uses a
• 50:09
  swimming pool of water like Nick pointed out, and Nick is
• 50:16
  essentially the head of news at at Bitcoin Magazine.
• 50:20
  Jack Dorsey and Luke Dash Junior launched A mining pool called
• 50:23
  Ocean yesterday and now the media bringing out Waterfud.
• 50:28
  I'm dead. This is hilarious.
• 50:29
  I don't care what any FUD says I'm not going to decrease my
• 50:32
  water usage when water cooling when Waller cooling my miners.
• 50:37
  Sorry not sorry. So pool of water and Jack
• 50:43
  Dorsey, she thought it was the ocean.
• 50:46
  It's just the pool. Like, like, can it not be as
• 50:52
  more blatant, like, blatantly obvious that that is an attack?
• 50:57
  Like that is obviously, like, obviously, like, like a
• 51:02
  narrative attack. And then the fact that it's not
• 51:04
  just one legacy corporate media outlet, it's all of them saying
• 51:08
  the same thing. And you know what that tells me,
• 51:10
  ladies and gentlemen? We are right over the
• 51:14
  motherfucking target. And to use the words of the
• 51:17
  great Elon Musk's Go fuck yourself.
• 51:20
  I'm not going to leave my pools alone, hashtag.
• 51:24
  Leave my my pools alone. God damn bro.
• 51:28
  This is this is crazy stuff bro. All this is all this is
• 51:31
  happening is nuts. What?
• 51:32
  What's your thoughts on all this, Opti?
• 51:35
  Yeah, man. I mean, I think the response is
• 51:37
  just absolutely incredible. Like could they have at least,
• 51:41
  you know, had some kind of delay so it wasn't this obvious.
• 51:44
  And you know, it's just like, again, you know, going back to
• 51:49
  the numbers that we saw today and and you know Elon Musk's
• 51:54
  little clip. It it just, it really, it really
• 51:57
  makes me wonder how people still hold some sense of legitimacy
• 52:02
  for the corporate press. And it it like the blatant
• 52:06
  propaganda, the blatant fake news as it's known colloquially.
• 52:10
  It's it's just so obvious, like what a big mining pool story
• 52:15
  drops. It's called oceans.
• 52:16
  And next, the very next day they're like, oh, Bitcoin uses
• 52:20
  too much water and it's like, what?
• 52:22
  Like. They're not even rolling out
• 52:25
  their best anymore. Like the FUD is just getting
• 52:27
  even more ridiculous. I mean, what?
• 52:29
  Years ago it was bitcoins gonna boil all the oceans and now it's
• 52:32
  like, oh wait, it's actually using too much water.
• 52:35
  Like, we got to protect the water now.
• 52:37
  Like, it's always these ridiculous.
• 52:40
  It's like stories. It's just it's just nonsense.
• 52:42
  Decentralized mining pool. Bitcoin uses more water than
• 52:45
  pools like bro. Like like it's.
• 52:47
  Like, but actually you just hit it on the head like that.
• 52:50
  Like, literally, literally. This just goes to show that the
• 52:54
  corporate press thinks everyone is absolutely stupid.
• 52:56
  Like making those connections, like, oh, what's up, what's up
• 53:00
  mining pool like, oh, it's boiling too much.
• 53:02
  It's using too much water. It's like, what?
• 53:04
  Like nobody. You see what they You see what
• 53:07
  they're trying to do, though, because this is Information
• 53:09
  Narrative Trench. If you're not a bitcoiner, you
• 53:12
  don't know what a pool is. Exactly.
• 53:14
  They've already poisoned that well.
• 53:17
  So if you have the thought of pool, right, and you don't know
• 53:21
  what a mining pool is, and you see that from the legacy
• 53:24
  corporate media, and then you run into Jack Dorsey's tweet,
• 53:27
  you're like, Oh my God, this guy's an extremist.
• 53:31
  Isn't all the water This guy's extremist, dude.
• 53:33
  It's like the bitcoiners are just rubbing in their face and
• 53:35
  they're using all the water. Like, yeah, yeah, it's so crazy.
• 53:39
  And again, guys, I can't reference that Naimbu Kele
• 53:41
  article enough. So you guys don't think that
• 53:44
  just. It's simply Bitcoin putting
• 53:46
  pieces together ourselves. Of course they own.
• 53:51
  They also own the armies, the loans, the money supply, the
• 53:53
  credit ratings, the narrative, the propaganda, the factories,
• 53:55
  the food supply. They control international trade
• 53:57
  and international law. But their most powerful weapon
• 53:59
  is the control of the truth. And they're willing to to fight,
• 54:02
  lie, smear, destroy, confiscate, print.
• 54:04
  So I mean the president of the country is even telling you what
• 54:08
  their you know what their ball game is here.
• 54:11
  So yeah, guys, buckle in. Do your own research.
• 54:14
  Trust no one. Trust.
• 54:15
  Minimize. Take self custody.
• 54:17
  Run your own node. I recommend the start 9.
• 54:19
  There's a there's a link in the description.
• 54:21
  I think you could use a there's there's a discount there.
• 54:23
  There's a discount code there as well.
• 54:25
  So you get to start now if you want to run your own Bitcoin
• 54:26
  node. Highly recommend it's the one I
• 54:28
  personally use myself. But yeah, man, buckle in.
• 54:33
  Sorry, this is me trolling right now.
• 54:35
  But shout out to the Bitcoin bugle for being ahead of this
• 54:37
  story when he was saying that all the Bitcoin influences were
• 54:40
  set selling their bathwater. That's even more That's even
• 54:45
  better journalism than we're seeing coming out of the
• 54:47
  corporate press. Oh my God.
• 54:49
  Just absolutely incredible. Anyways, anyways, Speaking of
• 54:53
  mining and mining pools, I want to shout out our sponsor Kabir
• 54:58
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• 55:01
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• 55:08
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• 55:44
  I definitely recommend kaboom racks.
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  They are the most trusted place to buy, sell and host Bitcoin
• 55:50
  mining A6. All right everybody, no more
• 55:52
  delay. Let's get to the culture.
• 55:53
  We have a lot to talk about today.
• 55:55
  Let's check it out. The Daily Culture brought to you
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  Visit swanbitcoin.com today Alright guys, if you're enjoying
• 56:25
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• 56:33
  Yeah Lane said it best 161 likes.
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  We appreciate all you guys tuning in on YouTube, on Rumble
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  and on Twitter. Thank you guys and of course our
• 56:51
  audio listeners. Thank you so much and appreciate
• 56:54
  all our Fountain listeners, all our Anchor listeners, Spotify,
• 56:57
  Apple Podcast and your your your podcast platform of choice.
• 57:01
  Well, this brings me to the topic of today's video, but
• 57:06
  let's start off with the Chad Sailor taking all the Bitcoin.
• 57:09
  He's just, he's just buying. He's just reaping in those he's
• 57:12
  he's a these stocking fields of of of of corn.
• 57:16
  While while you know while the rest of us are just you know
• 57:19
  taking little kernels off the corn, sailors just buying all
• 57:23
  the corn. MicroStrategy has acquired an
• 57:25
  additional 16,130 Bitcoin for 593,000,000 U.S. dollars at an
• 57:32
  average price of 36,785 per Bitcoin as of November 29, 2023.
• 57:38
  MicroStrategy now holds 174,530 Bitcoin, acquired for $5.28
• 57:46
  billion at an average price of $30,252 per coin at Michael
• 57:55
  Saylor. Absolutely sticking to his
• 57:58
  conviction. Now I know what a lot of you
• 58:00
  guys are thinking like, holy cow, like that is an absurd
• 58:04
  amount of corn. How does that stock up to my
• 58:08
  stack, right? So today we're going to answer
• 58:10
  the question, how much Bitcoin does it take to be in the top 1%
• 58:17
  of Bitcoin holders? Because there are different
• 58:19
  levels to that to this, we'll get to the specific numbers.
• 58:23
  But first let's kind of breakdown, you know the the
• 58:27
  different sizes of Bitcoin holders.
• 58:30
  And then at the end we're going to answer the question, are you
• 58:33
  too late to Bitcoin? Because some of you guys, you
• 58:37
  know maybe you just started stacking in 2020 and 2023 and
• 58:41
  you're like holy cow, this is 37,000 per coin.
• 58:43
  Like how am I going to ever get to that?
• 58:45
  I'm going to answer that question as well, because
• 58:47
  remember, at the end of the day guys, with the equation that
• 58:50
  truly matters is it is Infinity divided by 21 million.
• 58:54
  You have something that has absolute scarcity.
• 58:58
  So if you divide 8 billion people on the planet by 21
• 59:03
  million, right, it's not, it's not a lot of, it's not a lot of
• 59:07
  Bitcoin, It's really not. Anyways, so let's break down
• 59:10
  these numbers first. So to be a humpback, you need at
• 59:14
  least 5000 Bitcoin or more. There's only roughly 220 people
• 59:20
  that fit this category. To be a whale, you need about
• 59:23
  you need about two. Sorry, you need about one.
• 59:26
  Between 1000 to 5000 Bitcoin, there's only about 2000 people
• 59:30
  that fit that category. To be a shark, you need one.
• 59:33
  You need a 500 to 1000 Bitcoin. About 1500 people fit that
• 59:38
  category. To be a dolphin, you need about
• 59:41
  100 to 500. There's about 10,000 people that
• 59:44
  fit that category. To be a fish, you need about 50
• 59:49
  to 100. There's about 11,000 people that
• 59:51
  fit that category. To be an octopus, you need 10 to
• 59:53
  50. About 72,000 people fit that
• 59:57
  category. To be a crab, you need between
• 59:58
  1:00 and 10:00 Bitcoin, About about half a million people fit
• 1:00:03
  into that category. And to be a shrimp, you need
• 1:00:06
  about let you need less than one Bitcoin and about 22 million
• 1:00:09
  people into that category. Now I want you guys to pay
• 1:00:12
  attention to something. If you Add all these numbers up,
• 1:00:17
  it doesn't even break 23 or 24 million people.
• 1:00:20
  Like we are in the very, very, very beginning of this entire
• 1:00:24
  thing. So I know Opti is a big fan of
• 1:00:29
  memes and I totally hijacked today's show because, you know,
• 1:00:33
  I've been gone a couple days and wanted to get back in the
• 1:00:35
  saddle. We might we might miss the the
• 1:00:37
  meme review today because the show.
• 1:00:38
  Is just like, looking pretty. It's fun Show is going a little
• 1:00:41
  bit long, but let's talk about, let's let's talk about Emmy
• 1:00:44
  Maddox, right. So the no coiner.
• 1:00:48
  Then you got the $100 coiner, the $1000 coiner.
• 1:00:51
  The there's a picture of Charles Schwab for some reason.
• 1:00:54
  The .01, the rope, the cope, the hope.
• 1:00:58
  The .1, the $100,000, The Bitcoin, the suicide stack.
• 1:01:03
  Suicide Stack. Yeah, the one Bitcoin, the break
• 1:01:05
  it stack, the five Bitcoin, the Barons, the Lords, the Earls,
• 1:01:09
  the Make It stack right. So I'm assuming is about a
• 1:01:13
  little bit less than 10 Bitcoin. The generational wealth stack,
• 1:01:16
  the Marquesas 10 Bitcoin. The Princess, the Dukes, 50
• 1:01:21
  Bitcoin and Above the Kings with 100 Bitcoin.
• 1:01:23
  And then the Emperors with the whale stack, and then the Chad
• 1:01:27
  Sailors at the very, very top with the 10,000 Bitcoin or more.
• 1:01:32
  Now let's break it down to actual like specific numbers.
• 1:01:35
  I think this is the best information that I've found so
• 1:01:38
  far, and it really, really kind of like breaks it down into
• 1:01:43
  actual numbers, like specific numbers, right?
• 1:01:45
  So according to this report, to be in the top .001% and there's
• 1:01:51
  roughly only 250 people that fit this category, you need a
• 1:01:54
  minimal amount of You need a minimum of 7000 Bitcoin to be in
• 1:01:59
  the top .003%. There's roughly only 500 people
• 1:02:03
  that fit this category. You need about 2189.
• 1:02:06
  To be in the top .01%, you need 433 Bitcoin.
• 1:02:10
  There's only roughly about 1750 that fit this category.
• 1:02:14
  To be in the .03%, you need 215 Bitcoin.
• 1:02:17
  There's roughly only 5000 people that fit this category.
• 1:02:21
  To be in the top .1%, you need 89 Bitcoin.
• 1:02:24
  There's roughly 17,500 people that fit this category to be in
• 1:02:28
  the 1%, which is to answer the question of the video.
• 1:02:33
  Currently, you need about roughly 15 Bitcoin to be in the
• 1:02:36
  top 1% of Bitcoin hodlers. To be in the top 10% of Bitcoin,
• 1:02:41
  hodlers need about 1.28%. But again, I know, I know what a
• 1:02:47
  lot of you guys are thinking. You're like, holy shit,
• 1:02:50
  especially you know if you're new to Bitcoin, you're like
• 1:02:52
  Nico. These numbers are absolutely
• 1:02:54
  insane. I'll never get to these numbers.
• 1:02:57
  I've missed the boat. The boat.
• 1:02:58
  Well, I think. I think this article that I'm
• 1:03:01
  going to read by Luke Broyles does a great job at explaining
• 1:03:06
  how early we are. And I also want to point out,
• 1:03:08
  remember at the end of the day, there are roughly 8 billion
• 1:03:13
  people on on this planet, right. So we we we have to do the
• 1:03:18
  calculation with let's do it that way, let's do it that way.
• 1:03:23
  So let's do 8 billion, right. So 8 billion people divided by
• 1:03:31
  21 million. So if it was divided equally,
• 1:03:37
  oops, let's do that again. Here, Here go 8 billion divided
• 1:03:45
  by 21 million. Oh, I totally did that wrong.
• 1:03:51
  Let's try that one more time. Embarrassing minus is hard
• 1:03:55
  Divided by I know we need Greg Foss here divided by 8 billion.
• 1:04:00
  Let's try that one more time. So it's if every Bitcoin were
• 1:04:05
  divided equally, it's .00265, right?
• 1:04:11
  .0265? What about to be in the 1% of
• 1:04:14
  those 8 billion? Let's do that.
• 1:04:16
  Let's do that. So let's do 8 billion * .01.
• 1:04:22
  So it's 80 million / 21 million. You need about 3.8 billion to be
• 1:04:34
  in the top. Sorry, 3.8 Bitcoin to be in the
• 1:04:37
  top 1% of of global Bitcoin holders if you if you're divided
• 1:04:44
  equally amongst all the 8 billion people on the planet.
• 1:04:49
  Anyways, let's get to the Luke Broyles article and he answers
• 1:04:53
  the question which maybe some of you guys are asking.
• 1:04:56
  Are you too late to Bitcoin? How much Bitcoin does it take to
• 1:05:01
  get rich, fund your lifestyle? How little Bitcoin does it take
• 1:05:04
  to protect yourself against inevitable inflation?
• 1:05:06
  Bank runs, Fiat demise? Are you too late to Bitcoin?
• 1:05:10
  What would a 1% allocation do? And I think Luke Broyles does a
• 1:05:13
  great job at answering all of this.
• 1:05:15
  He goes on to say a closed monetary system inevitably
• 1:05:18
  absorbs all productivity systems.
• 1:05:21
  Money is the technology that prices everything else within
• 1:05:24
  its own Ledger. There is no quote top price
• 1:05:27
  prediction for an immutable monetary standard of the human
• 1:05:32
  race. The standard, it goes on to say.
• 1:05:35
  So a better way to think of Bitcoin's value is not in price
• 1:05:38
  but in purchasing power. Overlaying overlaying a share of
• 1:05:42
  monetary stock with a given amount of productivity is a
• 1:05:45
  better way to predict the money's value.
• 1:05:48
  It's worth noting that in in a finite Ledger, wealth inequality
• 1:05:51
  as we know it today does the reverse as we expect today.
• 1:05:55
  First, let's clarify entities. We have 10 arbitrary groups
• 1:05:59
  loosely blazed on today's today's wide-ranging estimates
• 1:06:04
  of mega rich entities to those in poverty.
• 1:06:09
  When we loosely follow a Pareto distribution and today's current
• 1:06:14
  ranked distribution of entities, the below is what we get.
• 1:06:18
  Fascinating results. Michael Saylor, the US
• 1:06:21
  government, government, and a select others have become
• 1:06:24
  Bitcoin's 10 mega rich entities already.
• 1:06:27
  Additionally, an average person today is more prosperous than a
• 1:06:32
  20th century billionaire was. Therefore, if Bitcoin merely
• 1:06:35
  survives, as little as 800 SAT's could purchase a lifestyle in
• 1:06:39
  the future far more luxurious than an upper middle class
• 1:06:42
  lifestyle today. Since Bitcoin is actually
• 1:06:45
  reflecting the real prosperity gains of the globe, remembering
• 1:06:49
  this last part is super, super important.
• 1:06:53
  And Jeff Booth has talked about this many, many times.
• 1:06:57
  It's not that you want more money, it's just you just want
• 1:07:02
  your money to be able to purchase the things that you
• 1:07:04
  want to purchase. And under a Fiat standard, you
• 1:07:09
  constantly are forced to earn more and more and more money
• 1:07:13
  because that that that value rapidly.
• 1:07:17
  Debate is rapidly debasing. So it's very hard to look at the
• 1:07:24
  new system at Bitcoin. Even being a bitcoiner myself,
• 1:07:28
  like roughly 7 years, 7-8 years now, it's very difficult to to
• 1:07:37
  imagine what a world would look like on a sound money standard.
• 1:07:41
  I think we could look at El Salvador.
• 1:07:44
  I think we could look at what Bitcoin has done to friends,
• 1:07:50
  family companies, individuals that have adopted a Bitcoin
• 1:07:55
  standard. All of a sudden you have hope
• 1:07:56
  for the for a better future. All of a sudden you start to be
• 1:07:59
  conservative in your purchasing. You start to have a longer time
• 1:08:04
  preference because your money isn't just constantly debasing.
• 1:08:07
  But let's actually breakdown the numbers from Luke's article.
• 1:08:13
  So here he says it. So to be, you know in the nation
• 1:08:18
  slash mega rich category you need an average, you need about
• 1:08:22
  140,000 Bitcoin. It's going to be about roughly
• 1:08:26
  1010 people that are 10 entities that have that much.
• 1:08:29
  To be a multi billionaire slash small nation there's only going
• 1:08:34
  to be about 200. You need about 8000 Bitcoin to
• 1:08:38
  be a billionaire slash mega corporation.
• 1:08:41
  There's going to be roughly 5000 of those people.
• 1:08:44
  You need about 120 Bitcoin To be a multi millionaire slash large
• 1:08:49
  corporation. You need a roughly around 10
• 1:08:51
  Bitcoin to be a millionaire. Check this out.
• 1:08:56
  In the future you need about 0.06 Bitcoin.
• 1:09:00
  To be upper middle class you need 0.008 Bitcoin.
• 1:09:05
  To be middle class, you need 0.001 Bitcoin.
• 1:09:09
  To be lower middle class, you need 0.0004 Bitcoin.
• 1:09:14
  To be lower class, you need .0002 Bitcoin.
• 1:09:19
  To be poverty. To be in poverty you need about
• 1:09:21
  0.00005 Bitcoin. Can we convert this to sats bro?
• 1:09:28
  I'm I'm losing it with all the zeros.
• 1:09:30
  So, OK, let's do Sats, Let's do Sats.
• 1:09:33
  We could do that. So to be a millionaire in the
• 1:09:35
  future, according to Luke Burrell's article, you need
• 1:09:38
  about 6,000,000 sets. To be upper middle class, you
• 1:09:42
  need 800 thousand sets. To be middle class you need
• 1:09:45
  100,000 sets. To be lower middle class, you
• 1:09:47
  need 40,000 sets. And to be lower class you need
• 1:09:50
  20,000 sets. And to be in poverty you need
• 1:09:54
  about roughly 5000 sets. And and just for the time stamps
• 1:09:58
  here guys, you can buy what like around 2500 sets right now
• 1:10:03
  currently for a dollar. It's around 3000 sets like Yep,
• 1:10:08
  Yep, Yep. So you know, of course you're
• 1:10:12
  you're you're thinking about this and you're like, you're
• 1:10:14
  like, holy shit, like these people are smoking Helpium,
• 1:10:20
  right? But if I would have told you
• 1:10:25
  back in 22, 2009, 2010 when Bitcoin had no value at
• 1:10:32
  whatsoever, that roughly 15 years later is going to be worth
• 1:10:35
  37,803, you would have had the same reaction to what that
• 1:10:43
  article is claiming. And I think the reason for that
• 1:10:48
  is because it's very difficult to envision a world on a sound
• 1:10:57
  money standard from within, living in a world under a Fiat
• 1:11:03
  money standard. It's almost like you have to do
• 1:11:06
  a little bit of deprogramming to like, you know, UN unprogrammed
• 1:11:12
  your brain to in order to envision that type of world,
• 1:11:15
  right. So yeah, you know it's it's
• 1:11:20
  definitely exciting stuff. I hope, I I hope I was very
• 1:11:23
  thorough. I hope I it was all-encompassing
• 1:11:25
  and I hope I answered all your guys's questions.
• 1:11:28
  But yeah, someone has a great idea.
• 1:11:30
  Bookmark this episode. We'll come back in 1020.
• 1:11:32
  Thirty years, you know, and and and I hope this gives you a
• 1:11:36
  good, a good, good idea of you know, where you fit in all this
• 1:11:40
  and where you could fit in all this and that.
• 1:11:43
  We are still so freaking early. Remember guys, Infinity divided
• 1:11:50
  by 21 million. Truly, it's like Infinity
• 1:11:52
  divided by 18,000,000. Like if we're being real and we
• 1:11:57
  know for a fact they're just going to continue to print
• 1:11:59
  forever. Remember the remember the
• 1:12:01
  website? We show you this website all the
• 1:12:02
  time. I think OPTI showed it, showed
• 1:12:04
  it earlier this, it was down. It was down.
• 1:12:06
  Yeah, yeah, price in Bitcoin, if you've been living even with all
• 1:12:09
  the inflation, even with all the wars and all the BS and all the
• 1:12:12
  gaslight and all that stuff, if you have been saving in Bitcoin,
• 1:12:16
  your life has been getting consistently cheaper.
• 1:12:21
  Housing has gotten cheaper, gas has gotten cheaper, The SMP has
• 1:12:24
  gotten cheaper. Everything around you has gotten
• 1:12:26
  cheaper. If you've been saving in
• 1:12:28
  Bitcoin. And that is the point that
• 1:12:31
  Michael Saylor had, is trying to prove on the public company
• 1:12:34
  level that is what Naimbu Kelly is trying to prove on the on the
• 1:12:39
  nation state level. And that is what simply Bitcoin
• 1:12:41
  is trying to prove in the in the narrative trench warfare that
• 1:12:45
  we're fighting on the battlegrounds of the Internet,
• 1:12:47
  Bitcoin truly does fix a lot of the economic woes that people
• 1:12:51
  are enduring. A lot of those woes are caused
• 1:12:54
  by currency debasement and the misallocation of capital.
• 1:12:59
  Anyways, Opti, what's your take on all this, brother?
• 1:13:02
  Where's your head at? Yeah.
• 1:13:04
  First and foremost you know while you were going I I just I
• 1:13:07
  always get reminded of how bullish CK is you know 37 sets
• 1:13:11
  for generational wealth and I forget what the block subsidy
• 1:13:14
  you know what era E pocket is. But you know what?
• 1:13:17
  What I think it's like the very last one or something like that,
• 1:13:19
  or like 100 years from now or something like that.
• 1:13:22
  The amount of Bitcoin that miners are going to get is
• 1:13:25
  around 37 sets. And if you.
• 1:13:30
  Don't really wrap your head around what's going on right
• 1:13:32
  now. Humans have a really hard time
• 1:13:35
  with big numbers and we've never been in a world that we had true
• 1:13:41
  scarcity and now we have digital scarcity.
• 1:13:43
  You cannot debase Bitcoin. There will only ever be 21
• 1:13:45
  million Bitcoin. We are currently at what, like
• 1:13:47
  19.5 Bitcoin? You know, distribution around
• 1:13:52
  the world of all bitcoins that were ever be created.
• 1:13:54
  I think it's like 93% of all bitcoins that are ever going to
• 1:13:57
  be created are already circulating.
• 1:13:59
  And we're going to be buying for the last, what, like 1.5 million
• 1:14:03
  Bitcoin for the next 100 years. Like, I don't think we truly
• 1:14:07
  understand what digital scarcity is.
• 1:14:09
  And of course, gradually, then suddenly and exponential numbers
• 1:14:12
  and big numbers and mass is hard and all this stuff.
• 1:14:15
  But what you can recognize today is the value of Bitcoin, of
• 1:14:19
  holding something that cannot be debased true digital scarcity.
• 1:14:23
  And as we always say, you know, the only number that really
• 1:14:26
  matters is the amount of Sats under control that you own.
• 1:14:30
  Yes, we all have these speculations.
• 1:14:32
  Yes, we all wonder what the Bitcoin price will be in the
• 1:14:34
  future. Yes, we all, you know, count our
• 1:14:36
  acorns and wonder whether we're going to be extremely wealthy in
• 1:14:38
  the future. Like this is just part of being
• 1:14:40
  a human. But what really matters is the
• 1:14:42
  Sats that you have under control the amount of Bitcoin that you
• 1:14:45
  control in your cold storage, because it's not your Bitcoin if
• 1:14:49
  you're letting someone else hold it.
• 1:14:51
  And you know when I. They got into Bitcoin in around
• 1:14:54
  20/17/2018 ish. We had American Hoddle out here
• 1:14:59
  telling us to get to 6.15 and at the time it seemed unattainable
• 1:15:03
  for most of us. And now one Bitcoin is basically
• 1:15:06
  around the same price that that 6.15 was.
• 1:15:08
  And like now I I'm still hearing grumblings from people out
• 1:15:12
  there. They're like Oh my God, like I
• 1:15:13
  could never even get to 1 Bitcoin.
• 1:15:15
  And you're starting to see that like average people are pretty
• 1:15:18
  much already priced out of Bitcoin.
• 1:15:20
  But if you're here today. And you have the opportunity to
• 1:15:23
  stack or you have Bitcoin on the sidelines, but you're waiting
• 1:15:25
  for what? Like 33K or 12K or whatever?
• 1:15:28
  Like we're at 37 K Bitcoin right now.
• 1:15:31
  Like what's 5 or 10%? You know, discount on your
• 1:15:35
  Bitcoin when it's going to 6-7 plus figures like you should not
• 1:15:39
  be sitting on the sideline because I really think that we
• 1:15:42
  underestimate. How much value you are holding
• 1:15:46
  today by even if you have what? Like someone saying like an
• 1:15:49
  amoeba stacker, you know, like even if you're holding a million
• 1:15:52
  sats right now, which is what, around like 300 bucks or
• 1:15:56
  something Like I think this is attainable for everyone.
• 1:15:59
  And it's just really, it's a game of Hungry Hippo.
• 1:16:02
  I say it all the time. The game is accumulating sets.
• 1:16:05
  I don't see a time in my life where I won't be stacking, or
• 1:16:09
  rather saving in Bitcoin. Like, what else is it a saving I
• 1:16:12
  can't save in dollars. I'm, you know, I'm an average
• 1:16:14
  person I don't have. Thousands of dollars in income
• 1:16:18
  every month to to buy real estate.
• 1:16:20
  You know, I'm I'm trying to avoid as much debt as possible.
• 1:16:23
  So I, you know, as my friend surfer Jim says just put your
• 1:16:25
  beer money in Bitcoin and in time you're going to be
• 1:16:28
  pleasantly surprised on what your purchasing power is.
• 1:16:31
  And in the six years that I've been in Bitcoin, my life has
• 1:16:35
  gotten cheaper and I know this is just what is it.
• 1:16:38
  Just one example. I I forget.
• 1:16:40
  I forget what the name is for it here.
• 1:16:42
  But. It's just, it's just an example
• 1:16:44
  of what I'm going through my own life.
• 1:16:45
  But it just goes to show you that living on the Bitcoin
• 1:16:47
  standard, it really is making your life better.
• 1:16:51
  And right now is a time when it's like, guys.
• 1:16:54
  I don't think you understand that.
• 1:16:56
  Yes, we are in a position of digital scarcity, 21 million
• 1:17:00
  Bitcoin. But also there is a time aspect
• 1:17:02
  of this. Guys like you shouldn't be
• 1:17:04
  putting this aside, you shouldn't be, I don't know,
• 1:17:06
  buying all kinds of other stuff because maybe later I'll get
• 1:17:09
  Bitcoin, you know, bitcoins going to go down again.
• 1:17:11
  It's like now is the time to be stacking time in the market
• 1:17:15
  beats timing the market. You want to have some exposure
• 1:17:18
  to Bitcoin because next cycle most, most people are going to
• 1:17:23
  be completely priced down. You're going to.
• 1:17:24
  Look back and be like, man, I had the opportunity to buy
• 1:17:27
  30,000 Bitcoin. I know it was expensive at the
• 1:17:29
  time, but now it's 300,000. I'm going to wait till it goes
• 1:17:32
  down. And it's like, no guys, just
• 1:17:34
  continue to stab, you know, dollar cost, average or at what
• 1:17:37
  I do, capitulate your fiatics as soon as you get it.
• 1:17:39
  You know, of course, pay for your rent, pay for your bills,
• 1:17:41
  buy groceries, survive. But also if you're saving in
• 1:17:44
  Bitcoin, you're going to do much more than survive.
• 1:17:46
  You're going to start to thrive. And you know, just adding
• 1:17:50
  another little Acorn guys, there's 8 billion people in the
• 1:17:52
  world. More people are going to be born
• 1:17:56
  and as we move to a hard money standard, the world will become
• 1:17:59
  more productive and the world will become wealthier, which
• 1:18:02
  means that your bitcoins going to be even worth more than the
• 1:18:06
  numbers that we can even calculate right now.
• 1:18:08
  Like I really think that none of us are bullish enough and even
• 1:18:11
  though I, you know say it all the time, I'm I'm like as bull
• 1:18:14
  tarted as a gun comes like I'm. Because I know that like, I'm
• 1:18:18
  not doing myself a a a service by just being stupidly bullish,
• 1:18:22
  but I really think we underestimate how huge Bitcoin
• 1:18:27
  really is and how big of. A paradigm shift, digital
• 1:18:30
  scarcity is a truly hard cap. Money that cannot be debased the
• 1:18:34
  world we are living in. Is being run by kleptocrats.
• 1:18:37
  They have stolen the future. Well now they can't do that And
• 1:18:41
  I don't think we even fully understand the effects of Fiat
• 1:18:44
  on our society. And now we are seeing that we
• 1:18:49
  there is a way and the world is going to start to prosper
• 1:18:52
  instead of just hobling along and you have an opportunity to
• 1:18:56
  stack like do whatever you can to get to 1 Bitcoin, but also
• 1:19:01
  you know. If you don't necessarily make it
• 1:19:03
  to one Bitcoin, it's not the end of the world but just just
• 1:19:05
  constantly stack. Guys like this is pay yourself
• 1:19:08
  first. This is for your future.
• 1:19:10
  Don't you love yourself enough to save in Bitcoin like you?
• 1:19:13
  This is the best gift you can give yourself.
• 1:19:15
  This is the best gift you can give future you is saving in
• 1:19:18
  Bitcoin today. You know a little pain today for
• 1:19:20
  for a better life tomorrow like this is just a common common.
• 1:19:26
  Understanding of building wealth and and personal finance and
• 1:19:30
  personal freedom is you need to sacrifice a little today to
• 1:19:34
  improve your life tomorrow. And I'm telling you, all of you
• 1:19:37
  guys that are new to Bitcoin are going to start to look at the
• 1:19:40
  world differently. Your, your, your life's going to
• 1:19:43
  improve. And this is what the whole goal
• 1:19:45
  of this is. Live a good life save in
• 1:19:48
  something that cannot be stolen from you, that cannot be
• 1:19:51
  debased. It is Bitcoin 21 million hard
• 1:19:53
  cap, censorship resistant money, debasement proof money, you
• 1:19:58
  know, decentralized money. Whatever meme you want to listen
• 1:20:00
  to, just understand there isn't that much Bitcoin and it's
• 1:20:05
  getting less and less as we move towards the halving.
• 1:20:08
  And the amount of Bitcoin you're holding today is going to go up
• 1:20:12
  exponentially. You need to stack your balls off
• 1:20:17
  like you need to go hard at stacking.
• 1:20:21
  And you know, as the meme goes. Maybe, maybe 6.15 is out of out
• 1:20:25
  of our reach, but hey, I mean 6.15 for.
• 1:20:30
  How long? How long?
• 1:20:31
  How long did How long did he say that?
• 1:20:33
  How long? For years, dude.
• 1:20:34
  Like, oh man. But look, look, if you guys have
• 1:20:38
  been tuning into the show for a while, you know you've been same
• 1:20:42
  message for a very long time now.
• 1:20:44
  If you guys are new to Bitcoin, we just showed you guys like the
• 1:20:48
  chart. It's it's is it out of the
• 1:20:51
  question to buy point to 6,000,000 Sats?
• 1:20:53
  Like I don't think what is 6,000,000 Sats.
• 1:20:56
  Let's do the on air conversion, you know according to Luke's
• 1:21:02
  calculation. So 6,000,000 Sats right now is
• 1:21:06
  the equivalent to 2000 bucks essentially like am I doing that
• 1:21:15
  right? I think so.
• 1:21:21
  Man, I remember when a million Sats was $100.
• 1:21:24
  Here we are. What, 6,000,000 Sats is $2000?
• 1:21:27
  Yeah, 6,000,000 Sats 2226. Could you not afford 2,000,000
• 1:21:32
  Sats? Yeah, $2000.
• 1:21:35
  Yeah, it's that's the that's that's a reasonable goal.
• 1:21:38
  That's the you know that's that's not out of the question
• 1:21:41
  for most. People.
• 1:21:44
  But it's really, it's really a matter of priority.
• 1:21:47
  You know, everyone always says like, oh, I don't have the time
• 1:21:49
  for this. Like, oh, I don't have the money
• 1:21:51
  for this. I don't know.
• 1:21:52
  I think, I think living a good life for the rest of your life
• 1:21:56
  is a big priority and you should save some money.
• 1:21:58
  Like, I we live in this world right now where the velocity of
• 1:22:01
  money has gone so rampant in our society that, like, you feel
• 1:22:04
  like you always have to spend money.
• 1:22:05
  And I I could never hold Fiat until Bitcoin.
• 1:22:08
  Like, I didn't have a savings until Bitcoin.
• 1:22:10
  And then you realize, Oh my goodness, I can save my way and
• 1:22:14
  actually become prosperous. Like this is unheard of guys,
• 1:22:17
  this is a totally new paradigm and I really think we are all
• 1:22:21
  underestimating it. 100 percent, 100% Anyways, guys that.
• 1:22:25
  Was our episode for today. I'm happy to be back.
• 1:22:27
  We're gonna be punting the Yeah, Nico.
• 1:22:29
  Nico hijacked the whole show. I did.
• 1:22:32
  I did. I missed this was hold on.
• 1:22:34
  This was one of these episodes. Yeah, Listen.
• 1:22:42
  I had to get my. I had to get my dose of the host
• 1:22:45
  seat, man. I haven't done a show in like 3
• 1:22:47
  days. It's, it's you can tell Nika
• 1:22:48
  loves this guy. You kind of.
• 1:22:50
  I do. I do love that you.
• 1:22:51
  You can't do something. Like every day for for years on
• 1:22:55
  end. Without loving it, man.
• 1:22:58
  So yes, I do love it. And I do really, really
• 1:23:01
  appreciate all you guys for showing us all the support and
• 1:23:04
  being here. Today was a very special
• 1:23:06
  episode. Because we broke all time high,
• 1:23:09
  viewers abuse the soundboard. Now we hit 490 9.
• 1:23:16
  Right, right before 500 live viewers.
• 1:23:19
  That's been the highest ever, even when we've booked massive
• 1:23:23
  guest, whatever. On a live show, just in general,
• 1:23:27
  on simply Bitcoin. So we're extremely humbled.
• 1:23:29
  Wait, wait, Nico, before we go on, someone asks what's a set?
• 1:23:33
  A set is the smallest denomination of Bitcoin.
• 1:23:36
  It's broken down into 100 million sets.
• 1:23:38
  Maybe people can say 100 million bitcoins, but for us right now,
• 1:23:42
  most of us call the smallest denominator of Bitcoin a set.
• 1:23:47
  So it's Bitcoin you you can buy a lot for right now.
• 1:23:52
  You should. Actually, to be honest with you,
• 1:23:54
  this is what I do. Like with with, you know, like
• 1:23:56
  with the apps that I like for example with the Swan app, you
• 1:24:00
  can you can pull it up and you can change the denominator from
• 1:24:03
  Bitcoin to SAT's. And honestly like on a
• 1:24:05
  Psychologic level, it feels a lot better, feels real good.
• 1:24:08
  Like I often remember when we used it like 100 dollars would
• 1:24:11
  get you. Like .01 Bitcoin like.
• 1:24:13
  And you're just like, yeah, like, dude, the $100 used to
• 1:24:17
  make us a millionaire. Now it's what, 300?
• 1:24:19
  So just you can be a millionaire for three. $100 right now.
• 1:24:22
  I know Cash app does this. I know that Strike does this.
• 1:24:27
  Obviously we recommend Swan Big fan Sponsor.
• 1:24:31
  The Swan app does this as well. You can change the denominator
• 1:24:35
  to to SAT, so I highly recommend that because then that smash by
• 1:24:39
  feels that much better 'cause then you're getting like
• 1:24:41
  hundreds of thousands of something.
• 1:24:43
  But only till now 'cause I guarantee you in 10 in in 10
• 1:24:47
  years that's not going to be the case.
• 1:24:49
  So take advantage of the sweet satoshi's while you can.
• 1:24:51
  The future seems bright. Guys, thank you so much for
• 1:24:53
  tuning into simply Bitcoin. Super super happy to be back in
• 1:24:57
  the in the hot seat. I'm your host Nico Moran is my
• 1:25:00
  Co host Optimus Fields. We are simply Bitcoin.
• 1:25:03
  Thank you so much for tuning in and shout out to the rest of the
• 1:25:06
  Simply Simply crew Sophie for holding it down.
• 1:25:09
  Our boy Ruston Morpheus. Zach.
• 1:25:11
  Why? Nikas in the background.
• 1:25:13
  We love all you guys. Like I said, if you enjoyed the
• 1:25:15
  show smash the like button, consider subscribing and we'll
• 1:25:18
  be back tomorrow for the Friday episode where we will do an
• 1:25:21
  extended meme review. We got you guys back.
• 1:25:24
  Love you all. We will see you on the next one.
• 1:25:27
  Peace out, everybody.