Latest / Simply Bitcoin / BREAKING: Bitcoiner Elected President of Argentina | EP 871

Transcript

BREAKING: Bitcoiner Elected President of Argentina | EP 871 · Simply Bitcoin

• 0:17
  freedom. Yeah.
• 0:20
  Welcome to another episode of Simply Bitcoin Live.
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  We're your number one source for the peaceful Bitcoin revolution.
• 0:25
  Curve Breaking news Culture, Matic Warfare.
• 0:26
  We will be your guide through. The separation of money and
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  state. Speaking about the separation of
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  money and state, first time I think in history a Libertarian
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  candidate just got elected to a major country.
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  I'm talking about the country of Argentina.
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  And of course I'm talking about President Javier, really.
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  It feels really, really good to say that he's been on record not
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  only saying that he wants to dismantle the state.
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  He wants to dismantle the central Bank of Argentina, and
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  he's also a big fan of Bitcoin. In fact, he's a fan of people
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  choosing what currency they want to use.
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  So this is a major, major victory for the freedom movement
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  overall. Max and Stacy have been talking
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  about it on Twitter. Naimbu Kelly started the fire,
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  right? Perhaps Javier Miley is carrying
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  on the torch, right? We know that Javier Mali has
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  already spoken very highly of Naimbu Kele, specifically Naimbu
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  Kele's political strategies and whatnot on how to really change
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  things up for the better. But this is huge.
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  I I think that a lot of us were discouraged when he initially
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  lost the primary and I think seeing so much BS over the last
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  couple of years, you just don't really have high expectations
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  for things to go your way. So this was a pleasant surprise.
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  It really, really was. It really was.
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  And he won by, I think it was like 10 percentage points,
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  right? So it's a very, very, very big
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  deal. The speech that he gave, his
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  victory speech was awesome. He says that basically he's
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  going to return Argentina to greatness with ideas.
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  Not reinventing the wheel, but implementing ideas that we know
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  have worked in the past. What are those ideas?
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  The respect of private property, the respect of free markets, and
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  most importantly, the respect of individual liberty.
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  And those are the things that he believes are going to bring back
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  Argentina to prosperity. What a lot of people don't
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  remember is that Argentina used to be a very, very wealthy
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  nation. And then they went down through
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  without, without choosing sides too harshly.
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  They went down, you could say, the collectivist path.
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  That path. And they chose some collectivist
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  policies that really, really hurt the economy, right.
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  It's the to benefit the few at the expense of the many, to
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  benefit the state, to benefit the bureaucratic elite while
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  everyone else gets poorer, right.
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  So it's not going to be an easy Rd.
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  It's I think it was, I forget who described it, but basically
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  to get off these Fiat politics or these Fiat economics.
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  It really, really is like trying to get off a drug.
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  You are going to go through some type of withdrawal period, the
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  withdrawal of getting away from easy money.
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  But eventually you have to, you know, eventually, eventually you
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  have to pay the bill, right. So really, really hopeful for
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  Argentina, hopefully this, this freedom bug, this freedom virus
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  spreads worldwide. We had Max Kaiser tweet out
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  earlier this morning. He says that.
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  In the beginning of 2024, you know, you could have three other
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  countries follow El Salvador's Bitcoin strategy and make
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  potentially Bitcoin legal tender.
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  So I think everyone's excited. We still have a lot to see.
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  You know, if if Javier Miley is true to his word, we don't know
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  that yet. But I can tell you something
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  without a shadow of a doubt. It is definitely a step in the
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  right direction. When you have a president saying
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  I want to end the central bank, that's a huge deal.
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  That's a very, very big effing deal.
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  Anyways, I wanna bring up my legendary Co host.
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  Always optimistic. How you doing Opti?
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  I am doing wonderful. It's.
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  You know, before we get called Simply status by our our chat
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  trolling. Us I have, I have I have.
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  AI have a bunch. Of I'm I'm just to cover that.
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  I'm trolling the chat that's going to troll us.
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  I I know I know where this is going.
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  I I think it's it's very very interesting because can you guys
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  feel the vibe shift. I think the the silver lining of
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  this story is not so much that, you know, anarcho capitalist,
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  libertarian. Got elected for presidency in
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  Argentina or someone that is open to currency competitions.
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  It's more that people are wanting to try new things out
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  there. And you know, you know me, I'm
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  not the biggest proponent of voting, but it seems like
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  Argentina wants to try something different.
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  It seems like Bukele has sparked something in South America.
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  And we are seeing this play out in real time.
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  So I think the next 6 to 12 months is going to be very
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  interesting to see what happened with Malay and and his
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  presidency and everything going on out there.
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  So it's definitely newsworthy and something to be watching and
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  talking about. Because again guys, the Bitcoin
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  signal is spreading and whether he is actively making Bitcoin
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  legal tender. Liberty.
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  Liberty is Liberty is spreading. Freedom is spreading.
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  Let's go. All right, no more delay.
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  I do want to bring up our very special guests.
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  We have Zach Herbert. He is the CEO and founder of
• 5:38
  Foundation Devices. They make the Passport hardware
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  wallet, which are freaking awesome.
• 5:42
  How you doing, Zach? I'm doing great.
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  Thanks guys. Could we do it at the same time?
• 5:47
  Could we sandwich Zach in between 2 passports?
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  Oh, we got 3 passports. I'm I'm surrounded by passports
• 5:55
  right now. Yeah, here, let's pull them up,
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  Nico. Give people what are we talking
• 6:00
  about on culture. Let's give them the context.
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  Yeah, yeah, OK, so I tweeted, so, OK, wow.
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  OK, I'm. I'm gonna give the the TLDR.
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  Basically, I had an experience on Friday with my family in
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  regards to Bitcoin and self custody that just made me come
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  to the realization and I tweeted this out.
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  It went absolutely viral and that's why I reached out to
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  Zach. I said Unpopular opinion.
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  Self custody is currently too challenging for the average
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  person and I just. Because I think bitcoiners, we
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  live in this echo chamber and we're like, dude, this is so
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  easy. All you're going to do is write
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  down 12 words, stamp it in metal like bada Bing, bada, boom, your
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  money's in self custody. But for the normie, for someone
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  who's been outsourcing the personal responsibility of the
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  storage of their wealth for their entire life, for people
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  that have been living in the Fiat matrix, it's not so easy,
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  bro. And that's exactly what you guys
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  are trying to solve over at Foundation.
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  Isn't that right, Zach? Yeah, we're trying.
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  It's, it's difficult. I think we've made some good
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  progress with it, you know, but this is the exact kind of thing
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  we argue about within the company every single day.
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  You know, we have people like Bitcoin Q&A on the team who's a
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  legendary, you know, Bitcoin privacy educator and you know,
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  he swears by Sieberts. And then we have others that are
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  saying it's just so hard, you know, it's so hard to get mom or
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  friend or someone who's completely new to the space,
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  right, to actually write down these words and then remember
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  where they put them one year, two years, you know, three years
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  later when they come back to them.
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  And so we're we're doing everything we can to try to
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  figure out like how do we keep the like open source,
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  approachable type architectures. We want to stay within the
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  ethos, right, of Bitcoin, not like Ledger recover.
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  That's it. It's a perfect example.
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  Well, that's a perfect example, right, that you start with the
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  same premise that you have, right.
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  Self custody is too hard. OK, We're going to collect your
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  KYC and your ID and we're going to just take your seat and we're
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  going to like share it to custody.
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  And it's like that's a perfect example of how you go in the
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  totally wrong direction here. So it's hard.
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  You got to balance it all. But I I think we're making some
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  some progress. Absolutely.
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  I would say you guys first and foremost are the ones who are
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  really, exclusively, really, really heading towards that
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  aspect because not to mention anybody specific and whatnot, I
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  love all Bitcoin companies, but a lot of Bitcoiner, a lot of
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  Bitcoiner's responses to my tweet were just like Bitcoin
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  isn't for everybody. And I'm like we we.
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  Got one literally right here in the chat.
• 8:45
  Lightning Goat says hate to break it to you.
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  Normies will never get it. They just follow along onto a
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  Bitcoin standard and continue trusting third parties.
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  Yeah, I mean, but remember guys, self custody is the revolution.
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  Like, that's that's what you guys have to understand.
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  Like you guys want things to change.
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  You need millions upon millions of individuals holding their own
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  wealth. Like, that's how things change
• 9:05
  if you just have a bunch of people holding a Bitcoin ETF.
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  Or holding their Bitcoin with a custodian, they will literally
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  do the things that they've been doing for years.
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  It's the same thing. And then the one day you'll just
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  wake up and they'll say you want to take self custody.
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  Remember what Elizabeth Warren, she's already been planting the
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  seeds. Self custody is a sophisticated
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  method of of, you know, of circumventing laws and
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  regulations like. So that's, I think their end
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  goal is to get rid of self custody altogether.
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  But if enough people are educated about the benefits of
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  self custody, if enough people are are taking self custody
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  already, it's going to be very, very difficult for them to do
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  that, for them to implement that.
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  Because the reason that they're able to get away with that is
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  because people are uninformed. And because people are
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  uninformed, they're able to feed them certain narratives which
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  aren't true, right? That somehow self custody is a
• 9:58
  danger to society. Writing down 12 words is bad.
• 10:02
  You know holding one of these is bad, right?
• 10:05
  But anyways, we're going to talk about all that today.
• 10:07
  Great discussion overall. We're going to talk about the
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  election in Argentina. It's going to be a great show.
• 10:11
  We got some memes. So bunker down, sit back, relax,
• 10:14
  enjoy the ride, and let's do this.
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• 12:00
  197,000,000 U.S. dollars Realize monetary inflation 1.75%.
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  Bitcoin versus gold market cap 5.43%.
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  In the grand scheme of things, Bitcoin is still a tiny little
• 12:20
  baby. Anyways, what I want to talk
• 12:22
  about today specifically is I saw this crazy video that was
• 12:28
  originally reposted by Bitcoin Mindset.
• 12:32
  It's a clip from Peter Mccormack's podcast, What
• 12:35
  Bitcoin Did, and this is Robert Breedlove and and he blows my
• 12:39
  mind on this one. I'm going to play it and then
• 12:41
  we'll talk about it. Let's check it out.
• 12:43
  Central banking is an institutionalized system of time
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  theft. Because ultimately, the fruits
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  of your labor are a product of your time or energy, right?
• 12:51
  Time and energy used synonymously here.
• 12:54
  We printed $6 trillion in 2020, right?
• 12:58
  In the US. The average annual US salary is
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  $60,000. Roughly, That's 100 million
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  years stolen, right? It's through the counterfeiting
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  of currency. If each human works from the age
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  of 20 to 70, so it's about 50 productive years per human.
• 13:22
  The counterfeiting of $6 trillion USD equals the stealing
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  of 2 million human lives worth of productive labor, right?
• 13:33
  This is a it's a like to try to make it real, like it's a real
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  massive problem. And then, of course, the
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  plausible deniability that's built into inflation, right?
• 13:44
  It's Putin's fault. It's Beyoncé's fault.
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  It's the supply chains. It's everything but the central
• 13:50
  bank. So again, we're back to that
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  romantic lie, the deception and the stealing going hand in hand.
• 13:57
  I think this is hopefully what we can deliver as as bitcoiners
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  is pulling back the veil on this bullshit.
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  OK. And the reason I want to play
• 14:06
  you guys that video is because remember what just happened in
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  Argentina last night. People voted against the central
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  bank, the idea of a central bank, the idea of theft.
• 14:19
  And that's exactly what Breedlove was saying.
• 14:21
  And he broke it down at the love, the way he did the math
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  and how much time is really being stolen based on the amount
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  of money that is being that was printed.
• 14:32
  This is what Argentina just voted against last night.
• 14:36
  They literally said F you to the.
• 14:38
  This man has a chainsaw. I'm gonna play you all the all
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  you guys, the video. And he literally chainsaws
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  plastic central banks. He has hammers and he breaks
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  them. I think there was a video of him
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  doing it with the pinata. OK.
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  And you know, in terms of the Overton window, which we talked
• 14:56
  about this, which is the idea of there's a window of acceptable
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  discourse, the fact that people in Argentina that were so fed up
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  with 143% inflation. Voted in a guy that vocally is
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  not only saying he's going to end the system of central
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  banking, but he correctly identified where the economic
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  hardships are coming from while his opposition and the legacy
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  corporate media continue to gaslight him.
• 15:27
  Tells me that we're right over the target and that we're
• 15:32
  winning right. First domino was El Salvador.
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  El Salvador didn't, doesn't they?
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  You know, they outsource their monetary policy to the US, but
• 15:41
  they just brought in Bitcoin, right?
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  So they have two currencies competing against each other now
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  Argentina, Argentina's AG, 20 country.
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  It's a massive country. It's a lot of people, 45 million
• 15:52
  people population. And the fact that you have the
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  president that just got elected saying I want to end the central
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  bank is a big effing deal. And I and I really got to say,
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  like I really got to give credit where credit is due.
• 16:05
  This is Naim Bukele. This is Natalie Burnell.
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  This is Robert Breedlove. This is Peter McCormack.
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  These are all these Bitcoin content creators that have
• 16:14
  massive platforms that have been getting these ideas into the
• 16:19
  consciousness of the mainstream for everyone around the world.
• 16:22
  And if you live in a country where you have a unstable Fiat
• 16:26
  currency, you I bet your bottom dollar you are asking the very
• 16:30
  simple question, what is money? Right.
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  Anyways, I want to pass it on to Zach and then Opti.
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  Yeah, I love this guy. I think what you said is totally
• 16:42
  correct. But I want to add to the fact
• 16:45
  that, you know, when we're in really inflationary times, even
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  hyperinflation, I think often times the population can be
• 16:54
  manipulated, right? They could be manipulated into
• 16:57
  blaming the wrong thing, blaming something else for the
• 17:01
  inflation. I mean, we saw that with, you
• 17:04
  know, Germany, you know, with the rise of Hitler in the 30s.
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  And instead we have a population that overwhelmingly votes in the
• 17:14
  guy who's blaming the central banks, who's a libertarian and
• 17:18
  who's an Austrian economist. So this is absolutely incredible
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  news for me. It's it's it's partially about
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  the candidate, but it's for me even more about the population
• 17:32
  being aware enough. The people of Argentina being
• 17:35
  able to identify that it's the central bankers, it's the
• 17:39
  central banks, it's the money printing, you know, that's the
• 17:42
  problem. And I think that is a truly
• 17:45
  historic moment. The fact that his victory was so
• 17:48
  decisive was absolutely historic and it for the first time
• 17:53
  actually I have some amount of hope when it comes to democratic
• 17:58
  elections. But we'll we'll see how it plays
• 18:01
  out. Man, I I do.
• 18:05
  I'm. I'm holding.
• 18:06
  I'm gonna hold myself back here anyways.
• 18:08
  Opti, what are your thoughts on this whole thing?
• 18:11
  Well, First off, those numbers there that Breedlove was talking
• 18:16
  about what what do you say 2 million lives stolen like that's
• 18:19
  it's once you once you really, like, put it in something.
• 18:23
  I don't know. Digestible.
• 18:24
  Palatable for people to understand what is actually
• 18:26
  going on it it really blows your mind.
• 18:29
  Just like how much destruction is is being made by central
• 18:33
  bankers by the fact that they're printing trillions of dollars.
• 18:36
  Like big numbers are hard for us to imagine.
• 18:39
  And like a trillion is such a huge number that is just like
• 18:42
  all right, whatever, like over a million.
• 18:44
  You're just like you can't even comprehend what this means.
• 18:46
  And they're printing trillions. And they will continue to print
• 18:49
  trillions. And the amount of theft that has
• 18:52
  happened through inflation is just, and this is just the US
• 18:54
  Like it's absolutely insane that this is the status quo.
• 18:58
  And everyone out there is gaslit into not understanding what
• 19:01
  inflation is. You know, we say it all the
• 19:02
  time. Inflation is theft.
• 19:04
  It's that silent theft. And I was editing one of our
• 19:07
  articles this morning and it will drop soon.
• 19:09
  I I'm going back and forth with a guest guest writer for us.
• 19:14
  And he quoted the Bastiat quote of the seen and unseen
• 19:18
  consequences of economic actions.
• 19:19
  And it's like it's just it's so obvious to bitcoiners, to
• 19:23
  Austrian economists, to anyone that is really aware of how the
• 19:27
  the financial system works, that printing more money harms
• 19:31
  millions and millions of people. And yet for some reason, the
• 19:34
  average person still just doesn't even understand basic
• 19:37
  economics and and that money printing makes them poorer and
• 19:40
  all this stuff and it's just like.
• 19:42
  It's such an uphill battle, but it it truly is just devastating
• 19:46
  when you get to the numbers of just how much harm central banks
• 19:50
  have caused on humanity. It's just it's incredible that
• 19:54
  this is the status quo for the last 100 years and and now we
• 19:57
  finally have a fix. We finally have a solution and
• 19:59
  of course it is Bitcoin, something that cannot get to
• 20:02
  base like it it it really it really.
• 20:06
  Like, it's depressing on one hand and then it's like very
• 20:09
  hopeful on the other hand. Because it's like, oh wow, we
• 20:11
  actually have a solution for this.
• 20:13
  And This is why we constantly talk about simply Bitcoin.
• 20:15
  This is why we show up every single day and do our best to
• 20:18
  try to orange peel people to at least plant the ideas of
• 20:21
  freedom, plant the ideas that inflation is theft and in time
• 20:25
  people. Will you know, they'll feel the
• 20:26
  pain of inflation and they'll look for solutions as we're
• 20:29
  seeing happen in Argentina. So it's happening it's it's
• 20:32
  slow, but surely it is happening.
• 20:34
  Amen to that. All right, guys, before we move
• 20:36
  on to the news, I do want to give a quick shout out to our
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  wallet. Opti.
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  We should sandwich Zach again one more time, right?
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  Which is a sandwich Him. Let's, let's do it full screen.
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  All right, guys, let's talk about the election.
• 23:06
  The historic election. First Libertarian candidate ever
• 23:10
  to win a presidential election in a big country.
• 23:14
  This has never happened before this.
• 23:16
  We're headed into uncharted territory.
• 23:19
  And you know how I know we're over the target?
• 23:21
  Just based on the corporate media's response to this, check
• 23:26
  out this article by the New York Times.
• 23:28
  Argentina elects Javier Mali in victory for far right
• 23:32
  Argentina's next election is a libertarian economist whose
• 23:35
  brash style and embrace of conspiracy theories has
• 23:39
  parallels with those of Donald Trump.
• 23:41
  Check out the Guardian. Who is Javier Mali?
• 23:44
  Argentina's new far right. El Loco takes the stage.
• 23:48
  Oh man. Likened to Wolverine and Trump
• 23:51
  nicknamed The Madman, the former TV pundit is known for his
• 23:55
  prolific swearing and pledge to take a chainsaw to the machinery
• 24:00
  of the state. Right.
• 24:01
  I think. I think we might be over the
• 24:03
  target boys anyways. And Girls.
• 24:05
  Argentina takes leap into unknown with Javier Miley as
• 24:09
  president. Libertarian promises to
• 24:11
  dollarize economy. Shut down Central Bank Miley to
• 24:14
  take office December 10th. After beating Peronis candidate,
• 24:19
  it goes on to say Libertarian outsider Javier Miley won
• 24:22
  Argentina's presidency promising a radical shake up to fix
• 24:25
  decades of policy mismanagement, a strategy that resonated with a
• 24:29
  populist suffering under a nose diving economy and one of the
• 24:33
  world's fastest inflation rates. With 99% of ballots counted
• 24:37
  after Sunday's election, Miley took 56% of the votes.
• 24:42
  To 44% for economy, Mr. Minister Sergio Masa of the incumbent
• 24:47
  left wing Paranos Coalition. According to the official
• 24:51
  electoral authority. The scale of his victory was
• 24:54
  unexpected and Masa conceded before the results were
• 24:57
  released. Goes on to say to this is part
• 25:01
  of his victory speech last night, Today starts the
• 25:04
  rebuilding of Argentina, Miley told the jubilant crowd at his
• 25:08
  campaign headquarters in Buenos Aires.
• 25:10
  There's no room for gradual measures.
• 25:14
  I definitely recommend that speech.
• 25:16
  It was absolutely epic. Now I'm going to play you guys 3
• 25:19
  videos of multiple instances of this guy absolutely going ham.
• 25:26
  And before I play you guys the video, we have to talk about the
• 25:29
  concept of the Overton Window because it's very, very
• 25:31
  important. So the Overton Window is the
• 25:33
  range of of policies politically acceptable to the mainstream
• 25:37
  population at a given time. So we have unthinkable, radical,
• 25:42
  acceptable, sensible, popular policy, right?
• 25:46
  If you would have told me five years ago that a candidate who
• 25:50
  is literally chainsawing a plastic central bank and saying
• 25:54
  that he wants to end the central bank in terms of the Overton
• 25:57
  Window, you would think that is unthinkable or even radical
• 26:01
  right. But Argentinians have suffered
• 26:03
  to such an extent that now that has, I would say it's popular.
• 26:09
  And if Miley Miley does his job, it could eventually become
• 26:13
  policy where they end the central bank altogether.
• 26:17
  And that is a very, very big deal, because it will prove to
• 26:21
  other countries that you can have a modern nation state
• 26:25
  without a central bank. Remember Robert Breedlove's
• 26:29
  statement on what Bitcoin did with Peter McCormack?
• 26:32
  Remember that. It's really important that we
• 26:36
  and it it's it's really psychological warfare.
• 26:39
  Like if you break it down for people to understand that there
• 26:42
  is an alternative system. Anyways, I'm going to play you
• 26:44
  guys some of these videos 'cause they're absolutely hilarious.
• 26:47
  Here is throwback to 2021, President Miley as captain and
• 26:51
  cap striking down Argentina's central bank with Thor's hammer.
• 26:56
  You couldn't make this shit up if you tried.
• 27:50
  and what a Chad. I wish our politicians did stuff
• 27:52
  like this. While he was striking the hammer
• 27:56
  and breaking down the. The plastic central bank, he
• 28:00
  literally said he's like fucking flashing.
• 28:02
  He just kept beating it down. Absolutely hilarious.
• 28:06
  So this is one of the famous interviews where he was talking
• 28:10
  about Bitcoin. I'm gonna play little by little
• 28:12
  so I could translate for audio listeners, but for our video
• 28:16
  listeners there is captions. So in media, people talk about
• 28:22
  Bitcoin all the time. So people don't really know what
• 28:30
  Bitcoin is, but there is some people that look at it as an
• 28:33
  alternative form of currency. You think it's possible to have
• 28:38
  that discussion Argentina? See.
• 28:45
  So without even addressing like the Bitcoin issue, he just says
• 28:49
  the first thing that you don't understand is that central
• 28:52
  banking is a scam. It's a scheme where politicians
• 29:01
  scam, you know, people through inflationary tax.
• 29:05
  With inflationario El Bitcoin loqueta representandos la Huerta
• 29:13
  de linearo ASU. What Bitcoin represents is the
• 29:18
  return of money back to the private market.
• 29:22
  The private. Sector so and.
• 29:33
  Then he goes on to say that money is actually an invention
• 29:36
  of the private market, and he continues so.
• 29:39
  He correctly identified because remember in the Genesis block,
• 29:42
  it literally said, you know part of Satoshi's motivations right
• 29:47
  2008, 2009 that that was literally, you know in the
• 29:50
  middle of the the great financial Recession. 2008, 2009.
• 29:56
  And it literally says it in the in the Genesis Block, it says,
• 29:59
  you know, Chancellor on the brink of the second bailout for
• 30:01
  banks. Like it's it's built into.
• 30:06
  Bitcoin's legend, the idea of, you know, central banking being
• 30:10
  a scam, currency debasement. And what Javier is pointing out
• 30:14
  here is that Bitcoin is a response to central banking.
• 30:18
  People's Bitcoin is a response to people wanting to use a
• 30:22
  better money. Now this is really the only
• 30:25
  video of Javier Miley addressing Bitcoin directly, but I will
• 30:30
  tell you this guys if there is. Competition between different
• 30:35
  currencies that is allowed to take place without government
• 30:39
  interference. The best currency will win.
• 30:43
  And I think the obvious answer there is Bitcoin, even against
• 30:48
  the dollar, right. You know as as time has shown,
• 30:51
  here's the infamous if if I call it infamous because it depending
• 30:55
  really on how you see this. But this is the very, very
• 30:59
  famous interview that he did with Tucker Carlson that
• 31:02
  absolutely blew up. And he talks about the state,
• 31:05
  right? I know that he takes a certain
• 31:07
  political bent. You guys know the deal on simply
• 31:09
  Bitcoin. We don't lean left or right.
• 31:12
  We stand for freedom, Bitcoin, peace, prosperity, opportunity
• 31:16
  versus slavery, which is Fiat censorship, control, poverty,
• 31:22
  nihilism, all of that stuff. We don't really lean left or
• 31:25
  right in the traditional Fiat sense.
• 31:27
  But anyways. Let's check out what he has to
• 31:29
  say in relation to talking about the state itself.
• 31:32
  Donald Trump is running for president again in the United
• 31:34
  States, as you know. What advice would you give him?
• 31:42
  Que continue consolucha encontra de socelimo porges Uno ello poco
• 31:52
  cantando cavalmente. Que la pelia E contraili MO que
• 31:58
  la pelia E Contra Los estatitas EA comprendio perfectamente
• 32:19
  que. ME pares E que si Chu de de MI
• 32:39
  pequeno luar lo lo. Unigo que por de la mimo D.
• 32:53
  And here's the thing. It's really not socialism verse.
• 32:57
  You know, whatever conservatism or, you know, whatever it is,
• 33:01
  it's really collectivism against individualism, right?
• 33:07
  And what he represents is individualism.
• 33:11
  There's two sides to the collectivism story.
• 33:14
  There's actually multiple sides. You could put communism in
• 33:16
  there. You could put socialism in
• 33:18
  there. You could also put fascism in
• 33:22
  there, right? So as bitcoiners, we are not
• 33:25
  collectivists. We are individualists.
• 33:28
  And we know that if the individual has the freedom to,
• 33:34
  you know, pursue life, liberty and happiness, things generally
• 33:40
  end up good for the rest of society, right?
• 33:42
  You know, they like, they want to build businesses.
• 33:44
  They want to, you know, build prosperity for their own, for
• 33:47
  their own family. But the bigger the state, the
• 33:50
  bigger the state gets involved. The more they not only Hampton
• 33:54
  that process, but they actually also act parasitic in nature,
• 33:58
  right? They they they they drain the
• 34:01
  energy out of society. I mean, the way that Breedlove
• 34:04
  described it was perfect, right? That's what central banking is.
• 34:08
  And make no mistake, the way that it's currently set up and
• 34:13
  the reason that you see the legacy corporate media attacking
• 34:15
  it the way it is, is that the state and the central bank have
• 34:19
  this evil alliance. Or the state is using the
• 34:23
  central bank in order to fund expenses that they couldn't
• 34:28
  normally afford with tax revenue alone.
• 34:33
  They pay for it through the hidden tax of inflation, and
• 34:36
  because people are not aware of it, people just turn the other
• 34:40
  way. And then I think the even the
• 34:43
  more evil part is the fact that politicians use the divide and
• 34:47
  conquer strategy masterfully. And basically, they blame the
• 34:53
  opposing political party when they're in power to distract
• 34:58
  everyone from the issue at hand, which is regardless whether it's
• 35:01
  a Democrat or Republican, they print money and therefore they
• 35:06
  debase everyone's currency. They steal their time and
• 35:09
  energy. That's why it's such a big deal
• 35:11
  that this guy won, because it's not only about, oh, it's all the
• 35:16
  left's fault, you know, in his case.
• 35:19
  But he's correctly identifying the source of the issue, which
• 35:25
  is central banking itself, and what central banking enables the
• 35:30
  state to do right, which is this is so huge, this is a big deal.
• 35:35
  Here is again. Please put the political
• 35:37
  rhetoric aside. Here's Holy shit, Argentina just
• 35:40
  went. Before you go on, can you read
• 35:42
  the quote that he was quoted there in that tweet for the
• 35:45
  audio of the English listeners in the last, the last one, The
• 35:49
  state? So the so the quote is the state
• 35:52
  can give you nothing because it produces nothing, right?
• 35:56
  And then the one under the one under the like under the video.
• 35:59
  And then it says the state does not create wealth, the state
• 36:03
  destroys it and someone responds A bitcoiner that says.
• 36:07
  One of the greatest statements in history.
• 36:09
  Yeah, I forgot to translate that part.
• 36:10
  Thanks Opti. Then it goes on to say, holy
• 36:14
  shit, Argentina just selected Javier Miley as the as the next
• 36:17
  president. History has been made Today.
• 36:19
  Elon Musk responded with prosperity is ahead for
• 36:23
  Argentina. And I know what a lot of you
• 36:25
  guys are thinking. As bitcoiners, you're inherently
• 36:27
  distrustful of politicians, rightly so.
• 36:30
  That is a good attitude to have. Here's Jimmy Song, he says.
• 36:33
  I have no idea if Miley will live up to his promises.
• 36:36
  But he does prove that the promises he's making,
• 36:38
  eliminating the central bank, severely reducing government and
• 36:42
  not going along with the World Economic Forum agenda is what
• 36:46
  people want. And I think that's a very, very
• 36:48
  big deal. Moving on here is Hodel not He
• 36:52
  goes on to responding to Magoo because Magoo says another
• 36:55
  politician has been elected. That won't solve any of your
• 36:58
  problems. Hodel not says breaking news.
• 37:01
  Big positive change is a result of many small small positive
• 37:05
  changes. Politicians generally suck but
• 37:08
  wield great power to make lives better or worse for people.
• 37:11
  The direction we are moving matters greatly, even though it
• 37:14
  is no way, it no way marks the finish line and I think that's
• 37:19
  what a lot of people have to understand.
• 37:20
  Here's Fernando he Fernando is the Director of Marketing and
• 37:25
  Communications director at Block Stream, and it says observing
• 37:28
  some highly regarded takes from bitcoiners who seem to have
• 37:31
  limited grasp of Argentina's complexities.
• 37:34
  LA's victory isn't just political.
• 37:36
  It's about a narrative of freedom, open commerce, and
• 37:39
  defending private property winning today.
• 37:41
  I don't think these bitcoiners really understand how deep
• 37:44
  Argentina's cultural challenges run.
• 37:46
  This election is a massive first step in shifting mindsets, a
• 37:50
  fight for liberty that Malay has championed for years.
• 37:53
  His win is a clear signal that his ideas resonate wildly.
• 37:57
  Yes, Malay is a politician. Yes, the nature of politics.
• 38:00
  Means not all promises could be kept.
• 38:02
  The system demands compromises, but labeling him non and cuff
• 38:07
  enough or a status cuck comes from a place of detachment.
• 38:11
  Keyboard warriors unironically believe this.
• 38:13
  Keyboard warriors don't understand the massive task of
• 38:16
  battling the hydra like beasts of the Argentinian state.
• 38:20
  Complexities. I don't either.
• 38:22
  But the least I do, the least I can do, is stand together with
• 38:25
  someone who's willing to do it. And I can't emphasize this
• 38:28
  enough, because as a Bitcoiner, I think we all have that idea
• 38:33
  of, you know, the belief from the sovereign individual that
• 38:36
  eventually information technologies and technologies
• 38:39
  like Bitcoin, and the ability for people not only to seek out
• 38:42
  their own information but also to pick and choose what money
• 38:46
  they want to use, will make politics irrelevant over the
• 38:49
  long run. But during the transition,
• 38:52
  politics are relevant, and that's just a reality.
• 38:54
  Here's Sam Callahan and he says. If a Malay follows through and
• 38:58
  supports Bitcoin adoption, then this could be a landmark moment
• 39:01
  To put things into perspective. Argentina ranked 23rd in GDP.
• 39:06
  El Salvador ranks 101 first. It could set off a domino effect
• 39:10
  of nation state adoption that will make the IMF shook.
• 39:14
  Yes, I guarantee that Christine Lagarde definitely cried herself
• 39:17
  to sleep last night. Due to Javier Mali's victory.
• 39:20
  But yeah, I think that covers it all.
• 39:23
  What would happen? Who is this individual literally
• 39:26
  breaking central banks and shit? But yeah, this is a historic
• 39:31
  moment. First Libertarian president.
• 39:33
  He's going to have an uphill battle because I think the
• 39:35
  administrative state of Argentina is going to try to
• 39:37
  fight him tooth and nail. But but yes, I think people are
• 39:43
  are waking up and I and I tweeted this out as a joke
• 39:46
  yesterday. Now we know the game plan, guys.
• 39:49
  All we need is 143% inflation. Well, people will literally vote
• 39:53
  against the central bank. That's all we need.
• 39:55
  That's the game plan anyways. Zach, what are your thoughts?
• 39:57
  And then we'll move on to Opti I.
• 39:59
  Think you said it pretty perfectly.
• 40:02
  I think people are waking up to the real source of the problem.
• 40:05
  The only thing I'd add is I I hope he has some really good
• 40:08
  security. Yeah.
• 40:12
  You could definitely say that. I mean it's it's yeah, I I
• 40:15
  would. For someone like that, coming
• 40:18
  that hard against central banks and and identifying it as the
• 40:22
  source of the problem and rallying 60% of the population
• 40:25
  to support him with that as a potential to spread throughout
• 40:28
  all of South America and hopefully the whole world, I
• 40:31
  mean, he probably has a pretty big target on his head right
• 40:33
  now, A 100 percent, 100% he and he did mention that in his
• 40:37
  victory speech last night. He did say something like and
• 40:42
  you basically he was asking the the states of Argentina to
• 40:46
  respect his win and to to facilitate the transition of
• 40:50
  power. It was an indirect ask, but it
• 40:54
  was you could tell that he wouldn't say something like that
• 40:58
  if he wasn't expecting some type of resistance coming his way
• 41:03
  100%. And the way that that Fernando
• 41:05
  described it was really fitting about the Argentinian
• 41:10
  bureaucracy, the Argentinian administrative state being this
• 41:14
  Hydra like beast. I can't even imagine the US like
• 41:17
  holy cow my God, that must be like a mega hydra like a Kraken.
• 41:24
  Anyways, Opti, what are your thoughts brother?
• 41:26
  Yeah, I mean first thought is probably my cynical knee jerk
• 41:30
  reaction as well. You know, I I think we've all
• 41:32
  just been burnt so much by politicians that even electing A
• 41:36
  politician that says what we believe is kind of like we we're
• 41:39
  all kind of like, uh, like I want to like him and I really
• 41:43
  want him to do good, but I'm not going to hold my breath because
• 41:46
  who knows? Again, after all, he is a
• 41:48
  politician. But with that being said, I
• 41:51
  think this is a victory for every one of us because it does
• 41:55
  show that. The dominoes are shifting, the
• 41:57
  Overton window has moved and the fact that the Argentinian people
• 42:02
  didn't look at Malay and we're like he is a lunatic because
• 42:05
  some of the sound bites that that we were hearing at the time
• 42:09
  was like, yo like he's out there like he's breaking the Overton
• 42:12
  window and yet. The Argentinians are like no,
• 42:15
  that's our guy. Like he's our man right there.
• 42:17
  Like we don't want central banks.
• 42:19
  We're poorer than ever and the fact that that signal is
• 42:22
  spreading and people have latched onto it and people
• 42:25
  believe that what he's saying is going to be good for the nation.
• 42:28
  I think it is is proof that the Overton window is spreading and
• 42:32
  and people are looking for solutions.
• 42:34
  So again, you know, will Malay, you know walk back a lot of the
• 42:39
  stuff that he said. Only time will tell.
• 42:41
  I hope that he. Is more of a revolutionary like
• 42:44
  Bukele because Bukele has shown that you can actively change
• 42:47
  your country in what, two years and if Argentina does the same
• 42:51
  thing like that is a big domino that will fall again.
• 42:54
  The GDP numbers that you showed is absolutely incredible.
• 42:57
  You know, El Salvador isn't really a player on the on the
• 43:00
  global stage, but Argentina is. Argentina was one of the richest
• 43:03
  nations in the world and hopefully they can go in the
• 43:06
  world. They won the World Cup, bro.
• 43:08
  Well, not only that. I mean, that's minor dude who
• 43:11
  cares about football. It's really like, it just goes
• 43:15
  to show that people are tired of doing the same thing over and
• 43:19
  over and over again. And especially in a country like
• 43:21
  Argentina, it's very obvious that the politicians have been
• 43:25
  corrupt. And Malay goes out there, puts
• 43:28
  it all on blast and everyone's like, yeah, that's our man.
• 43:31
  Like, I, I, I like what he's saying.
• 43:33
  Freedom does sound good. Like why are we holding a a peso
• 43:37
  that is going up 140% in inflation.
• 43:40
  And yes, I I hear people in the chat and I I've saw saw the same
• 43:43
  kind of cynicism on Twitter. The idea like, oh he's really
• 43:46
  just a dollar maxi. Well, guys like you, it's a step
• 43:50
  in the right direction, exactly like it doesn't have the
• 43:53
  direction. Like even the conversation we're
• 43:54
  going to have about self custody in a minute, like.
• 43:56
  It doesn't happen in one fell swoop.
• 43:58
  Guys like there's baby steps to get to where we need to go, and
• 44:02
  this is one of those steps. And you know, if Malay is able
• 44:06
  to kick out central banks. Eliminate all of the government
• 44:11
  programs out there, right there. Country like this is going to be
• 44:15
  a. Huge I Opti, Economic Minister,
• 44:20
  Argentina. No, they yeah, I could never
• 44:23
  come close to safety and so they should figure someone else.
• 44:27
  So let's end it with this before we move on to the culture,
• 44:31
  because I think this is the exciting stuff.
• 44:34
  This is really what I'm excited about.
• 44:36
  So Max Kaiser says president AI Mukele has a Bitcoin vision.
• 44:40
  Javier Mile is turning that vision into a political
• 44:42
  movement. The global Bitcoin movement will
• 44:45
  see the end of central banks and nation states.
• 44:49
  Stacey, his wife, follows up with.
• 44:51
  First we had the leader, now we have a possible first follower.
• 44:56
  Then we will have a movement, right?
• 44:59
  Very exciting stuff Here is Max Kaiser directly moving to the
• 45:06
  tagging name, Buchelli says. Mr. President, do we have your
• 45:10
  OK for the Bitcoin team to fly to Argentina representing El
• 45:14
  Salvador, and invite Javier Melee to dine at the
• 45:16
  Presidential Palace here in El Salvador and talk Bitcoin with
• 45:20
  you and the team? And Max Kaiser responded with a
• 45:25
  green light, a literally a literal green light gift.
• 45:29
  So that is definitely, definitely good news.
• 45:31
  And last thing I'll play for you guys is a 42nd clip of someone
• 45:38
  asking him about how Bouquet shrank the state, how Bouquet
• 45:44
  fixed things even though Bouquet didn't have congressional
• 45:48
  approval and congressional support.
• 45:51
  Very interesting what Javier Malay had to say.
• 45:54
  Let's check it out. And again, it's in Spanish.
• 45:57
  It'll all translate, Did you see how Bukele shrank the state?
• 46:05
  How would you do something like that?
• 46:07
  And then Javier says, without a doubt I would.
• 46:12
  So he said. So fewer senators, fewer
• 46:15
  congressmen, fewer, fewer mayors.
• 46:20
  It's obvious When you change the tax redistribution system,
• 46:27
  you'll see how people rationalize it.
• 46:30
  So you won't be able to govern because you don't have support
• 46:45
  from the Congress. You know how much with Puckele
• 46:52
  started? He started with 0 support.
• 46:57
  And you know what? You have to do, how to do it,
• 47:03
  and you have the conviction to do it.
• 47:06
  So, I mean, he's obviously Javermally knows who Puckele is
• 47:11
  and he's seen what Puckele has done.
• 47:13
  So yeah man, exciting, exciting stuff.
• 47:16
  And I'm sure Max Keiser and Stacey will follow through.
• 47:19
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• 47:53
  the culture and talk about self custody, the daily culture
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• 48:18
  dollar cost averaging. What are you waiting for?
• 48:21
  Visit swanbitcoin.com today. OK, so I tweeted this out and I
• 48:28
  had a terrible experience on on Friday.
• 48:31
  Terrible experience with family members.
• 48:33
  I like, give them the whole contacts.
• 48:35
  The whole contacts. OK, so it was without docs and
• 48:40
  it was someone, it was a celebration.
• 48:42
  We were celebrating something with my family and without me
• 48:46
  forcing this conversation on anybody, everyone just started
• 48:49
  to bring up Bitcoin and then when they started bringing up
• 48:53
  Bitcoin and the questions that they were asking and the type of
• 48:55
  conversations they were asking, like I I put one, one and two
• 48:59
  together. What however that expression is
• 49:01
  said and I was like there's a very high probability that 95 to
• 49:07
  99% of the people in this room have absolutely no idea what the
• 49:13
  current state of their self custody setup is.
• 49:16
  So I started asking some questions and nobody had any
• 49:20
  effing idea what their self custody setup was.
• 49:23
  So the point that one of my family members looks like they
• 49:27
  just lost their seed words all together right?
• 49:30
  So that made me come to the conclusion and I tweeted this
• 49:34
  out 920 on a Friday, 9:20 PM on a Friday and it blew up.
• 49:39
  So obviously this is on the minds of a lot of freaking
• 49:42
  people and I said unpopular opinion.
• 49:44
  Self custody is currently too challenging for the average
• 49:47
  person because before that experience that I had, I was
• 49:51
  like, it's so easy. It's 12 words.
• 49:53
  It's like, it's like you write down 12 words, 24 words, you buy
• 49:56
  yourself a passport, bada Bing bada, boom, it's done.
• 49:58
  You have self custody. Fuck no, no, people just don't
• 50:03
  care. They don't give a flying fuck.
• 50:05
  They just don't care. And you know, it sucks because I
• 50:09
  think exchanges and, you know, we'll take advantage.
• 50:15
  They're just like, look, I I have my Bitcoin, it's on Robin
• 50:18
  Hood. I have my BlackRock Spot Bitcoin
• 50:20
  ETF. I'm OK.
• 50:22
  I like that's complicated. That's difficult.
• 50:25
  And that's exactly what I experienced on Friday.
• 50:30
  And then I love what the Foundation guys replied.
• 50:32
  I said Envoy. Our mobile app lets you set up a
• 50:37
  self custody hot wallet in only 60 seconds without writing
• 50:41
  anything down. As long as you're logged into
• 50:43
  iCloud or Google, restoring your wallet is automatic and instant.
• 50:48
  And then I loved Zach's response.
• 50:52
  He said on it like a good entrepreneur should should
• 50:56
  respond to that because I saw a lot of Bitcoiners saying, you
• 50:59
  know what, it's just not for everyone.
• 51:02
  So Opti, let's sandwich Zach one more time.
• 51:08
  There we go. All right, Zach.
• 51:11
  Opti stalls the screen protector on Yeah, dedication.
• 51:15
  I'm I I want to keep it pretty. You know what I mean.
• 51:18
  Look, mine is mine. Like it's been battle tested.
• 51:21
  I've. I've run this bad boy through
• 51:23
  through some things. No I I.
• 51:24
  Keep it on my phones as well. I want to make sure that you
• 51:27
  know I don't mess up my screens, cause your boy's a savage over
• 51:30
  here and I mess everything up. You're one one of those, Yeah.
• 51:34
  Yeah, I like peeling the plastic off of everything personally,
• 51:37
  you know? But as soon as I get it.
• 51:39
  Just want to keep it treated. There's that.
• 51:40
  There's that high you get, you know.
• 51:43
  Yeah. So Zach.
• 51:45
  What What? Like, what is going on here
• 51:47
  dude, you like, first of all, Zach, great entrepreneur.
• 51:52
  I've known Zach for a very long time.
• 51:54
  I think we started our careers in this space roughly around the
• 51:57
  same time and I've known you a long time and you you definitely
• 52:03
  this is your business. Like Opti and I were just like,
• 52:06
  OK, how do we incept people? How do we break the Bitcoin echo
• 52:09
  chamber information, narrative trench warfare?
• 52:11
  We're winning, right? So we have to think about those
• 52:13
  stuff on a daily basis 'cause we make content.
• 52:16
  But you as an entrepreneur who makes Bitcoin hardware wallets,
• 52:21
  that question that I asked on Twitter is a question that you
• 52:24
  guys have definitely asked internally.
• 52:27
  So what are your thoughts? My thoughts are.
• 52:31
  I agree with you fully that self custody is just too hard right
• 52:35
  now for the average person and it's why we started the company
• 52:40
  in the 1st place back in April of 2020 And we've been working
• 52:45
  to make it easier and I think we made progress.
• 52:47
  But I think there's a still a long way to go for some reason.
• 52:52
  There's a lot of people in the Bitcoin space, a lot of
• 52:55
  companies. That think that self custody is
• 52:58
  not for everyone. You know, they say it's not for
• 53:01
  everyone or they'll draw comparisons between, you know,
• 53:04
  learning how to drive a car say well you have to put 100 hours
• 53:07
  in, you know, you have to learn, you have to train.
• 53:10
  And I think that's important. I think everyone should know how
• 53:12
  it works. I think you know you should.
• 53:15
  Watch videos, you should read articles.
• 53:17
  I mean our head of customer experience for example is is
• 53:20
  Bitcoin Q&A who has an amazing site for himself, you know
• 53:25
  Bitcoin or Guide where he's been educating people for years.
• 53:28
  We also a lot of material educating people, but I don't
• 53:31
  think education is enough and I don't think the attitude of it's
• 53:36
  not for everyone is enough because we don't want a world
• 53:39
  where 95% of the Bitcoin. Is through BlackRock, ETFs and
• 53:45
  in basically in Coinbase because all these ETFs are using
• 53:49
  Coinbase. You know, we don't want that
• 53:51
  world, We want to push for a world where it's the opposite,
• 53:54
  where 95% of Bitcoin is in the hands of the individual.
• 53:58
  And that's good for so many reasons, right?
• 53:59
  That's good for price. Appreciate appreciation if you
• 54:03
  look at it as an investment because it makes rehypothecation
• 54:06
  impossible. That's great to be able to use
• 54:10
  Bitcoin and interact with it and spend it and receive it and
• 54:14
  build, you know, a circular economy where Bitcoin is the
• 54:16
  actual currency. So in my mind, it's it's
• 54:20
  imperative that companies do everything that they can to try
• 54:23
  to lower the barriers, you know, to self custody to make it
• 54:26
  easier. So we've done a little bit of
• 54:27
  that with Passport. The default set up flow for
• 54:30
  Passport is you actually back up the device to an SD card.
• 54:35
  And we give you a 20 digit code, so just 20 numbers that you can
• 54:39
  store anywhere. You could write them down, you
• 54:42
  could store them in your password manager, you could put
• 54:44
  them, you know, in your notes app.
• 54:47
  It's OK if those 20 numbers touch the Internet because you
• 54:50
  need access to the physical micro SD card backup.
• 54:53
  So that's that's a great start for people because they don't
• 54:55
  have to worry as much about writing down these words.
• 54:58
  Someone finds the words, they don't have to worry about losing
• 55:01
  all their money. We, of course, you know, support
• 55:03
  and encourage seed words as well.
• 55:06
  And we are for future devices, working on other ways where we
• 55:09
  can make that onboarding process even easier.
• 55:12
  I think there's a lot of cool stuff out there like social
• 55:15
  recovery, you know, things like that that are interesting, but I
• 55:20
  think they're also really challenging to do right.
• 55:22
  We've seen Ledger do the wrong thing with Ledger recover.
• 55:26
  And we definitely do not want to go down that road.
• 55:29
  We'll not go down that road, but we'll introduce our own ways to
• 55:32
  make a little bit easier. But I'm really proud of what we
• 55:34
  did with our mobile app Envoy. We haven't really advertised
• 55:37
  Envoy too much because up until recently it's been just a mobile
• 55:40
  app for people who have Passport to do onboarding, firmware
• 55:43
  updates and have a basic, you know, Bitcoin watch only wallet
• 55:47
  that's connected to your passport.
• 55:49
  But a few months ago we released hot wallet functionality on
• 55:53
  Envoy. Meaning that Envoy can be your
• 55:55
  stand alone Bitcoin mobile wallet, your first experience
• 55:58
  with Bitcoin. And as you mentioned we have
• 56:00
  this thing called magic backups that we set up and it we called
• 56:03
  it that even though it sounds a little cliche because it really
• 56:06
  is magical. You literally tap the setup
• 56:09
  button, it spins a little progress bar and after like 20
• 56:13
  seconds you have your mobile wallet and it's all backed up
• 56:16
  and it's fully sovereign. The the, the how of of how we do
• 56:21
  that. Is we actually store some stuff
• 56:24
  in either iCloud Keychain or Google's equivalent, which is
• 56:27
  all end to end encrypted. And then we take up encrypted
• 56:31
  backup and we store that backup on our server.
• 56:34
  Our server doesn't know anything about you.
• 56:36
  It doesn't know your name, it doesn't know your e-mail.
• 56:40
  There's no sign up, there's no KYC or anything like that.
• 56:43
  Your identifier is just a hash of your seat, so we don't know
• 56:46
  who you are. You can also one tap in the app
• 56:48
  and connect over Tor. You know, if you want even more
• 56:50
  privacy. But you.
• 56:51
  Have that backup and then you have some stuff stored on on
• 56:54
  iCloud key chain or Google's equivalent.
• 56:56
  So if you lose your phone, you literally just open up envoy on
• 57:00
  a phone. As long as you're logged into
• 57:02
  the same iCloud or Google account, it restores all your
• 57:04
  money. Now this is just a hot wallet,
• 57:07
  right? So like we would never do this
• 57:09
  for a hardware wallet for a cold wallet, but I think we also have
• 57:12
  to get people practicing, you know, and feeling comfortable
• 57:16
  about storing their keys. So like.
• 57:18
  You have a friend, you have a family member, they have their
• 57:20
  Bitcoin and Coinbase on Robin Hood on cash app.
• 57:23
  You know, they download Envoy it.
• 57:25
  The setup is so fast, it's so easy.
• 57:27
  They move like 100 bucks worth of Bitcoin, a couple 100 bucks
• 57:30
  worth of Bitcoin into their hot wallet.
• 57:33
  They feel more comfortable. Then it's really easy to buy a
• 57:37
  passport connected to Envoy and move your larger stack into it.
• 57:41
  And so that's the kind of things we're working on.
• 57:43
  We're we're dedicated to this and and and I think, you know
• 57:46
  we'll have some cool stuff. Sometime next year with new
• 57:51
  products where hopefully we make it, you know, even easier to do
• 57:54
  the the set up. But surprisingly or maybe
• 57:58
  unsurprisingly, you know it is actually really hard for an
• 58:02
  average person to to store 12 words safely over a long period
• 58:06
  of time. And you know, I I still think
• 58:10
  that's the best way to do it, but.
• 58:13
  We have to be able to you know get I think the masses into into
• 58:18
  self custody 100%. I mean that that is that is the
• 58:21
  revolution is is 1,000,000 upon millions of individuals taking
• 58:25
  self custody. Now there's there's another
• 58:27
  service that you guys offer on on on foundation devices, you
• 58:32
  guys offer the concierge onboarding right where you could
• 58:36
  set up, you know, I'm assuming it's with Bitcoin Q&A.
• 58:39
  It is right now, yeah. I mean we've we've been running,
• 58:41
  we haven't really pushed it because we've been, we've been
• 58:44
  seeing how it goes. So we might expand that team,
• 58:47
  you know, as needed. But it is with Bitcoin Q&A So
• 58:51
  guys, if you if you you know buy yourself a passport wallet, and
• 58:55
  if you're still confused on how to set it up on the Foundation
• 58:59
  Devices website, you can set up a What would you set up an
• 59:03
  onboarding process? So we it's, we call it
• 59:06
  concierge, right. And So what we do is we have a a
• 59:10
  phone call with Q&A, it's on a Jitsy server actually self
• 59:15
  hosted by us. So it's like not on Zoom or
• 59:18
  Google meet or anything like that.
• 59:19
  So you don't have to worry that, like someone's listening in and
• 59:22
  he'll walk you through, you know, anything.
• 59:26
  Either the basic setup where you're kind of setting up
• 59:28
  passport with envoy, but maybe you want to do a multi sig, you
• 59:31
  want to use Sparrow, you want to do more advanced stuff, you want
• 59:33
  to use pass phrases. Kind of got like I think, I
• 59:36
  think we do an hour session, it might be an hour and a half and
• 59:41
  you get all your questions answered and so that's worked
• 59:42
  really well. You can just buy it with one
• 59:44
  click when you're buying a passport on our website.
• 59:47
  And I wish more companies did this, you know, in the hardware
• 59:50
  wallet space, because a lot of the barrier to entry here.
• 59:55
  Is just being afraid, you know, thinking if you make a mistake,
• 59:58
  you're going to lose all your money.
• 1:00:00
  And so there's this like petrifying fear.
• 1:00:03
  You know, you have your coins on on Robin Hood and you want it.
• 1:00:07
  You have no idea how many times people come up to us and said
• 1:00:09
  that they have the hardware wallet in the drawer.
• 1:00:12
  Usually it's a cold card. But, you know, you don't take my
• 1:00:14
  word for it. It's just in the drawer.
• 1:00:16
  They they heard about it. A friend told him to get it, you
• 1:00:20
  know, something like that. And it's just sitting there.
• 1:00:23
  And they never set it up and they come and they kind of
• 1:00:25
  whisper it to us at the booths, you know, at the conferences.
• 1:00:28
  And so I think just having that expert to help guide you through
• 1:00:31
  it is is massive. And so hopefully that'll
• 1:00:33
  continue to go well. We're not doing it to make
• 1:00:35
  money. We're doing it as like a, you
• 1:00:38
  know, just help people get started.
• 1:00:41
  So it's it's never going to be something we're like profiting,
• 1:00:44
  profiting from the concierge onboarding.
• 1:00:46
  But I think, I think we're going to going to keep doing it even
• 1:00:49
  as the company scales. Yeah and and the and like that
• 1:00:53
  that that's the experience that I, I I ran into on in like on
• 1:01:00
  Friday it's just like I Uncle Jim my entire family right.
• 1:01:05
  And I'm sure some of you guys might be listening.
• 1:01:07
  And then I was just like, you guys have absolutely no idea.
• 1:01:12
  If I disappeared tomorrow, you guys's Bitcoin would be safe,
• 1:01:16
  safe, safe, safe. But you guys would have
• 1:01:19
  absolutely no clue how to access it.
• 1:01:23
  And that's a problem. That's an issue, you know, So by
• 1:01:28
  the way, like there's a lot of really complex stuff that I I
• 1:01:34
  mean, you know, you ask, you ask 5 bitcoiners how to solve
• 1:01:37
  custody, they'll alltel you 5 different things.
• 1:01:39
  But you know, a lot of people are pushing things like multi
• 1:01:42
  sig for example. It's so much harder to deal with
• 1:01:47
  what happens if I'm gone with multi sig and I and I'm not like
• 1:01:51
  I'm not against multi sig right. I think there's a place for all
• 1:01:54
  these things. But the idea that a new
• 1:01:56
  bitcoiners going to come in do like some three or five multi
• 1:02:00
  sig with all these different devices, go through that entire
• 1:02:05
  onboarding setup docks themselves to another company
• 1:02:10
  that that you know if it's collaborative or use something
• 1:02:14
  like Sparrow and go through one of these tutorials and then like
• 1:02:17
  OK what what happens if you get hit by a bus, right.
• 1:02:20
  Your family's not going to be able to figure that out.
• 1:02:22
  So at least it's easier to write down the 12 words or have an SD
• 1:02:26
  card backup or something, right? And then you know tell your your
• 1:02:30
  your spouse or children or whatever give them instructions
• 1:02:34
  about how to access that, how to find it, you know how to set
• 1:02:37
  something up. At least that is workable.
• 1:02:41
  And so I think complexity is the is the enemy here.
• 1:02:46
  I think the idea is try to make things as as simple as possible
• 1:02:49
  for someone new to feel confident that they're not going
• 1:02:52
  to make a mistake. Because I suspect that way more
• 1:02:55
  Bitcoin is lost by people making mistakes than it is from people
• 1:03:01
  getting, you know, hacked. 100% And that and that already
• 1:03:06
  happened to one of my family members.
• 1:03:07
  You know, they're just like, so like it's gone.
• 1:03:11
  And it was. Like a nice chunk of change and
• 1:03:15
  and it's like, so it's gone. I'm like, yeah, I told you to
• 1:03:19
  write down like your toes. I'm like the way that I describe
• 1:03:23
  seed words. When I when I when I set up,
• 1:03:25
  when I set it up for someone, I always say if I look at them
• 1:03:27
  straight in the eye with like total seriousness and I'm like,
• 1:03:31
  these words are your life. They are your money.
• 1:03:34
  If you lose them, you know your money is gone.
• 1:03:37
  And people don't really understand that like.
• 1:03:41
  Concept like they don't get it like they and I think it has to
• 1:03:45
  do with like they're so used to having that one 800 number or
• 1:03:49
  that banker that they can just like, oh it's my band like.
• 1:03:52
  Like the Apple Care team. Right.
• 1:03:54
  But it's like, no, your words are gone.
• 1:03:57
  Like you. They're gone.
• 1:03:58
  Like you're like, they're gone forever, you know?
• 1:04:00
  But then I tried to like, you know, console this person.
• 1:04:03
  I said listen. Like Satoshi says that if you
• 1:04:07
  lose some Bitcoin, it just makes everyone a little bit wealthier.
• 1:04:10
  So thank you, you know, And I was gonna say that.
• 1:04:14
  This person didn't react quite well to that, but at the same
• 1:04:18
  time, you know it. It is what it is, but it you.
• 1:04:20
  Learn unique as a family member. Appreciate.
• 1:04:23
  A donation. You learn that lesson one time.
• 1:04:25
  You really learn that lesson one time.
• 1:04:27
  And you never you never make that lesson again.
• 1:04:30
  You you just don't. Because it's like it's just
• 1:04:32
  like, holy. This is painful.
• 1:04:34
  This is painful. So, so yeah man one one last
• 1:04:37
  question before we move on Zach, we we had a good comment in the
• 1:04:41
  chat. First is I think the the low
• 1:04:44
  hanging question of is the self custody problem something that
• 1:04:49
  is solvable And someone said in the chat, what do you think self
• 1:04:52
  custody looks like in 1020 years from now?
• 1:04:54
  I mean I think it's definitely solvable.
• 1:04:57
  I think we're going to have to experiment a little to figure
• 1:05:00
  out what it looks like and what works.
• 1:05:03
  I think some combination of whether it's in my mind some
• 1:05:09
  combination of storing something physical as a backup storing
• 1:05:15
  whether it's multi sig or pieces of a key on some of your other
• 1:05:20
  devices like maybe something stored on the envoy app, you
• 1:05:23
  know on your phone, maybe some element of social recovery.
• 1:05:27
  So like as Niko saying if you have you know family members or
• 1:05:31
  or really close friends if if you're already having
• 1:05:34
  conversations, intimate conversations about Bitcoin self
• 1:05:37
  custody. I I do think there's some aspect
• 1:05:39
  where a social recovery thing could work, where you kind of
• 1:05:42
  split up the you know, the seed and and store pieces of it with
• 1:05:46
  like very close family or very close friends where they're kind
• 1:05:51
  of safeguarding it in case you need it.
• 1:05:53
  I'm also really interested in things like degrading multi sig
• 1:05:56
  setups where you would have like a two or three multi sig that
• 1:06:00
  falls back to a one of one overtime.
• 1:06:03
  Or even like signing time lock transactions where if you do
• 1:06:07
  lose all your money, you wait six months, a year and then it
• 1:06:11
  like comes back into your Coinbase account.
• 1:06:13
  That would be pretty cool. So you kind of have like that
• 1:06:15
  emergency feature where just in case you you have to wait some
• 1:06:19
  period of time, but like you're going to get the money back,
• 1:06:21
  you're just going to have to wait a little bit.
• 1:06:23
  So I think there's some, those are just a few different like
• 1:06:26
  areas that we're talking about within the company.
• 1:06:28
  But I think there's some combination of these where if
• 1:06:32
  you do it in a smart enough way, most people will be able to set
• 1:06:36
  it up and most people will never actually lose their money even
• 1:06:40
  if something goes wrong. And if we can pull that off,
• 1:06:43
  which I I really hope we can, I think that's going to really
• 1:06:46
  just unlock self custody for the next wave of people.
• 1:06:49
  And I think we need to do it before the next bull market
• 1:06:52
  really hits. Because could you imagine like
• 1:06:55
  over 100 million people coming in as new bitcoiners over the
• 1:06:57
  next 18 months and they're all going to like Black Rock or Nice
• 1:07:03
  or Robin Hood. I mean, that's in my mind.
• 1:07:05
  That's the disastrous scenario. It would be a fail 100 percent,
• 1:07:09
  100%. All right, Opti, before we move
• 1:07:11
  on, could we sandwich Zach one more time with our passports?
• 1:07:15
  You guys are going to are going to make them think that we're
• 1:07:17
  sponsoring this. No, this isn't sponsored at all.
• 1:07:22
  I just just for the record, I I did not want to be sandwiched.
• 1:07:25
  I did not ask for it. Oh man, this segment is not
• 1:07:30
  sponsored by foundation, but the new segment is sponsored.
• 1:07:33
  But no, I I reached out generally like honestly guys,
• 1:07:37
  because Zach had the only good response to my comment.
• 1:07:43
  Like there is no one else in there was like there's Matt,
• 1:07:47
  there's people that are angry. There's people just like Bitcoin
• 1:07:49
  isn't for everyone. And then Zach was.
• 1:07:53
  So, like, the only entrepreneur 'cause this is what this is.
• 1:07:55
  The whole point of entrepreneurism is like, you
• 1:07:57
  have to solve problems. You were just like, yeah, I'm
• 1:08:01
  gonna try to do this. I'm gonna try to tackle this
• 1:08:03
  problem. But that's what it's all about,
• 1:08:05
  right? Do we want hyper bitcoinization?
• 1:08:07
  Do we want just an elite few to hold all the Bitcoin, the
• 1:08:12
  potential risks of rehypothecation?
• 1:08:15
  Or do we truly believe Bitcoin is for everyone?
• 1:08:17
  I believe Bitcoin is for everyone, right?
• 1:08:19
  But what I experienced on Friday is that.
• 1:08:22
  Just everyone isn't ready for Bitcoin just yet with its
• 1:08:24
  current UI, the way that things are currently structured.
• 1:08:29
  And one one last thing before we move on, Zach.
• 1:08:31
  This kind of reminds me of like back in the 90s, like the early
• 1:08:37
  the 80s, nineties, like back in the early computing.
• 1:08:41
  You know the the, the theory was that everyone was going to have
• 1:08:45
  a personal computer at home, right?
• 1:08:47
  That was the theory. It came out kind of true.
• 1:08:52
  What they got wrong is that yes, people are going to have a
• 1:08:56
  personal computer, but the personal computer was going to
• 1:08:59
  be an iPhone, right? It's going to be a device that
• 1:09:05
  made it extremely easy for human beings to interact with it and
• 1:09:11
  it didn't feel like they're interacting with the computer.
• 1:09:13
  Like you look at the computer and it has a fucking ugly ass
• 1:09:16
  keyboard and it kind of opens up in this like non human way.
• 1:09:20
  This is like literally a piece of glass that you use your
• 1:09:22
  fingers to touch. It's like it's made for humans,
• 1:09:26
  right? So the reason I'm bringing that
• 1:09:28
  up is I don't think we've had that moment yet in Bitcoin.
• 1:09:32
  I think that we're designing things for people that are
• 1:09:38
  computer native. They're comfortable with using
• 1:09:44
  certain types of technologies, But I think.
• 1:09:48
  We haven't really quite seen things be designed for the
• 1:09:53
  everyday person. I think you guys have done an
• 1:09:56
  incredible job of doing that, 'cause this just reminds me of,
• 1:09:59
  you know, the Nokia phones. It's really beautiful.
• 1:10:02
  Has the gold back, right, The copper back.
• 1:10:06
  But yeah, what's your take on that, man?
• 1:10:08
  Because I think that the only the Wallet of Satoshi I would
• 1:10:11
  say is something that you can download.
• 1:10:14
  And you can immediately start receiving Sats.
• 1:10:16
  And I know a lot of bitcoiners like no, it's custodial F you
• 1:10:19
  blah blah blah. And I'm like, dude, name me
• 1:10:21
  another wallet that isn't as easy to set up, like name me
• 1:10:26
  one. Like isn't that a good stepping
• 1:10:28
  stone to getting someone in the door?
• 1:10:31
  I would say it's tough. Well, firstly I agree with you
• 1:10:35
  about the computer stuff and I think what we're doing with
• 1:10:38
  Passport right now more like the iPod than the iPhone.
• 1:10:41
  You know I think we still need to really push on new form
• 1:10:46
  factors and easier ways to interact with the devices.
• 1:10:50
  But I and and we will do that by the way next year.
• 1:10:54
  But you know, I think there's a, there's a overall problem within
• 1:10:59
  the Bitcoin space where you have people pushing tools that are
• 1:11:05
  custodial or that offer better UX while completely compromising
• 1:11:12
  on bitcoins values. So Wallet of Satoshi is a good
• 1:11:17
  example. Does anyone even know who runs
• 1:11:19
  Wallet of Satoshi? I mean you get the easy
• 1:11:21
  onboarding experience but you're it's you're just using a
• 1:11:24
  custodial wallet and so you're you're pushing for the user
• 1:11:29
  experience, but you're completely compromising on the
• 1:11:32
  values. And I would say something like
• 1:11:34
  Ledger recover, which is like this is the third time I'm going
• 1:11:37
  to bash them on here and not the last time.
• 1:11:39
  Probably I will. I might have a meme here but
• 1:11:44
  like you're you know they're they're saying well we solved
• 1:11:46
  the UX problem but they're completely compromising and and
• 1:11:50
  destroying these values of you know, openness self custody
• 1:11:57
  control freedom. Even others in the space that I
• 1:12:01
  thought were good, I mean good actors.
• 1:12:05
  You have someone mentioned in the chat bit key fixes this
• 1:12:08
  which is blocks upcoming hardware wallet.
• 1:12:11
  I wrote a whole blog post about this on my personal
• 1:12:13
  blogzherbert.com. They're they're basically
• 1:12:17
  sending everyone's or they will be if this product comes out
• 1:12:20
  they're going to be sending every single person's
• 1:12:22
  information of all their transaction details and history
• 1:12:25
  to the centralized server and we already have Bitcoin multi sig
• 1:12:29
  solutions that do that today. And so I think what's happening
• 1:12:32
  is you have the groups of people that are saying Bitcoin isn't
• 1:12:36
  for everyone. Self custody is hard.
• 1:12:38
  You have to learn. You have other little.
• 1:12:43
  I got a little triggered by by Vicky.
• 1:12:45
  We don't have to go too into it, but you have the groups that are
• 1:12:47
  saying it's really hard. Then you have the group saying
• 1:12:49
  we're going to make it easy, but they're completely compromising
• 1:12:52
  on the principles. And you have companies like us
• 1:12:54
  that are saying, well, we can make it easy, but we got to be
• 1:12:57
  careful that we don't compromise on the principles and we do it
• 1:13:00
  the right way and that's the hardest path.
• 1:13:03
  We're not the only ones doing that, right.
• 1:13:05
  There's other great teams in the space that are doing that.
• 1:13:07
  But I think like everyone in Bitcoin needs to do a little bit
• 1:13:12
  of self policing. You know, you see a company or a
• 1:13:14
  team come out there and say we're making it so much easier
• 1:13:18
  to use. But if they're completely
• 1:13:23
  violating the principles of sovereign Bitcoin use, you
• 1:13:26
  should probably call them out on that, right, instead of getting
• 1:13:28
  all excited. And I think, you know, I'm going
• 1:13:31
  to be doing a lot more of that and I and I think that's what we
• 1:13:34
  what we need. But I mean I agree largely that
• 1:13:36
  we haven't had the iPhone moment yet.
• 1:13:38
  I hope we are going to be the ones to, you know, introduce
• 1:13:41
  that iPhone moment. We are going to be working on
• 1:13:45
  lightning with an envoy though. And if we can keep the envoy
• 1:13:49
  onboarding user experience for our mobile app with magic
• 1:13:52
  backups, and we can get lightning in there, and we can
• 1:13:56
  get you on boarded with sovereign Lightning instead of
• 1:13:59
  using something like Waldo Satoshi, I think we have a good
• 1:14:01
  chance of nailing that sometime next year.
• 1:14:03
  So we're like we're full steam ahead on all that stuff.
• 1:14:07
  We've been pretty heads down hell.
• 1:14:08
  Yeah, yeah. Let's go, someone on rumble,
• 1:14:10
  John Plebble, Mundo goes. All I'm hearing is we're still
• 1:14:13
  so early. Yeah, well, look, look at look
• 1:14:15
  at the market cap. I mean we printed 6 trillion,
• 1:14:18
  but the market cap isn't even 1 trillion.
• 1:14:20
  I mean we are so much earlier than people think and this is I
• 1:14:23
  think this month is my 10 years now and Bitcoin and and like
• 1:14:28
  we're still barely done anything right.
• 1:14:30
  It's it's it's just insane to think about how early we are a.
• 1:14:34
  100% this This is just very the first innings, you know?
• 1:14:39
  And strap on your seatbelts because it's going to be a
• 1:14:41
  crazy, crazy, crazy ride. All right, everybody, Definitely
• 1:14:44
  check out the Passport by Foundation devices.
• 1:14:48
  Scan the QR code, Get yourself a hardware wallet.
• 1:14:52
  Highly highly recommended Opti. Should we?
• 1:14:55
  Should we review some memes? We should.
• 1:14:57
  I was going to say please don't do another sandwich, guys.
• 1:15:01
  Can't handle it. All right, let's meme review it.
• 1:15:15
  Said no more sandwich should we started off with this.
• 1:15:18
  I said there might be a meme here how to show the video.
• 1:15:23
  You guys, you have to show the Ledger video.
• 1:15:24
  Before, yeah, we need to give context.
• 1:15:26
  We need all. Right guys, so you know the
• 1:15:28
  deal. This is the meme review where
• 1:15:29
  you guys send us memes on Twitter.
• 1:15:31
  Tag me at simply Bitcoin TV or drop them in our Telegram group.
• 1:15:34
  T dot me slash Simply Bitcoin TV.
• 1:15:36
  Join the Telegram. Great conversation in there
• 1:15:39
  constantly, but I need the tweets guys so I can give people
• 1:15:42
  their their due diligence, their credit.
• 1:15:45
  But you already know the deal. Tweet to the bullet memes of the
• 1:15:47
  artillery. We are in an information war.
• 1:15:50
  Get the cause of actions out there, ridicule the corporate
• 1:15:53
  press, ridicule the the central bankers.
• 1:15:55
  And of course make some funnies so your friends heads stay in
• 1:15:58
  the game. OK, so here we have this video
• 1:16:01
  of Ledger. Is this the?
• 1:16:05
  Founder Is this the founder's hat?
• 1:16:06
  No, this is some celeb or something they're collaborating
• 1:16:09
  with. I don't know who these guys are.
• 1:16:11
  OK, guys. So for the audio listeners,
• 1:16:13
  there's an orange Ledger hat and there is a Ledger.
• 1:16:16
  And apparently their new innovation is a hat where you
• 1:16:19
  can put your Ledger in it. It's a brain.
• 1:16:22
  It's it's a brain wallet. Bro, literal brain wallet shouts
• 1:16:25
  out to the huge wrench that's going to take your head off.
• 1:16:28
  You guys see this? You put the Ledger in the pocket
• 1:16:33
  that says Ledger. So there's a there's a pocket on
• 1:16:36
  each side, right? So if you want good opsec, put
• 1:16:39
  it in the other pocket. No one's going to check that.
• 1:16:42
  One. No one's going to know.
• 1:16:43
  No one will know which pocket your Ledger is on.
• 1:16:45
  Your hat. I mean, Can you believe these,
• 1:16:47
  these were the guys earlier in the year, they did like the
• 1:16:49
  necklace, like the Ledger on your neck.
• 1:16:51
  One, what the hell are these guys doing?
• 1:16:53
  What? What?
• 1:16:53
  What? Like, think about these meetings
• 1:16:55
  within Ledger. They're just they're just
• 1:16:57
  turning themselves into a meme at this point.
• 1:17:00
  You know the gold chain. You know, like the gold chain
• 1:17:03
  with the dollar sign? Like they're like, yo, let's
• 1:17:05
  just do the same thing. Well, this is also they they
• 1:17:09
  can't ship their new their their new product is still delayed.
• 1:17:12
  It was supposed to ship in like March or April.
• 1:17:14
  It's now almost end of year. There's been no word from them.
• 1:17:17
  And so instead of like working on the product over there, this
• 1:17:20
  is like only their second device.
• 1:17:21
  They're like 2 generations in after a decade and all they can
• 1:17:25
  do is ship it with new colors or collabs, with celebrities and
• 1:17:28
  make like hats and necklaces. I mean, at this point it's
• 1:17:30
  getting to be an embarrassment. They're like a billion dollar,
• 1:17:33
  you know, evaluation company. So I don't, I don't know what's
• 1:17:36
  going on over there, but we had some fun this morning watching
• 1:17:39
  this video. Let's go.
• 1:17:40
  All right, well, that's not the meme.
• 1:17:42
  I mean, they they are a meme in themselves, but the meme is
• 1:17:45
  Foundation Devices. Introducing the Foundation hat,
• 1:17:48
  complete with $5 wrench attack escape helicopter blades
• 1:17:52
  inspired by Leger's Fantastic. New take on When are you guys
• 1:17:56
  releasing this? Oh my goodness, and what are the
• 1:17:58
  what are the like Dutch clown hats here?
• 1:18:01
  And the foundation, That's a good idea, guys.
• 1:18:03
  I mean, think about it. Your passport just velcers on
• 1:18:05
  the inside. We don't even, we don't even
• 1:18:07
  have to pay the manufacturer to customize it because you just
• 1:18:10
  put the sticker of the foundation logo on the brim and
• 1:18:13
  then if someone comes to comes at you with a wrench, you just
• 1:18:17
  and you just float away, you know, so.
• 1:18:19
  I'm gonna have to gadget away. Love it.
• 1:18:21
  We may have. We may have to sell this.
• 1:18:23
  Are you saying Seth, for privacy, approve this?
• 1:18:26
  I'm saying he. Pushed this.
• 1:18:27
  I'm saying Seth is the one that actually tweeted this himself.
• 1:18:31
  Wow, Seth. Oh my gosh.
• 1:18:35
  Oh my God. Great.
• 1:18:36
  All right. I.
• 1:18:37
  Don't know. Seth is levelling up.
• 1:18:38
  Seth has also joined our design team this this morning as
• 1:18:42
  honorary member. Because look at this.
• 1:18:44
  I mean, it's a work of art. This is how we breakthrough to
• 1:18:47
  mainstream consciousness. This is how we get the masses.
• 1:18:49
  This is it. This is how you get the masses,
• 1:18:51
  bro. Oh my.
• 1:18:52
  Goodness, OK, next meme is There's a few.
• 1:18:55
  There's a few Argentinian memes here, obviously, So next one is
• 1:18:59
  by Julian Farr and it's a take on the Don't Tread on Me flag.
• 1:19:04
  But it's got a snake with Malay's hair and an Argentinian
• 1:19:09
  chainsaw this I I would buy one of these as a flag.
• 1:19:12
  This this thing's pretty lit. OK, next one.
• 1:19:15
  Another one. This is Empty Banks and he goes
• 1:19:17
  too soon. And it's a classic guy with his
• 1:19:19
  girlfriend looking at the girl in the red dress and his
• 1:19:22
  girlfriend's bukele. Now every Bitcoin is looking at
• 1:19:24
  Malay too soon. Wait, I I don't know.
• 1:19:27
  I don't know. Are are we simply status now?
• 1:19:29
  I have no idea. OK, next one is Nick.
• 1:19:31
  Can't mind chats with the nick. Actually, Nick is getting lazy
• 1:19:34
  on his. Personal account but I love.
• 1:19:36
  I love his. I love this theme that you do
• 1:19:38
  here Nick and of course this is you know Pokémon Ash catch him
• 1:19:42
  he goes Argentina electing a Bitcoin friendly president while
• 1:19:45
  Bitcoin pumps into a new bull market and it's Ash.
• 1:19:49
  Catch him with a tier, an Indian tier just looking at greatness
• 1:19:52
  happening in real time. You just love to see it.
• 1:19:55
  Next one is by Winegus and he's just got the Argentinian flag
• 1:19:59
  and what's the the Monte club right?
• 1:20:01
  Is it? What is it?
• 1:20:03
  Yeah, that's. All right.
• 1:20:04
  And anyways, we have, you know, Malay here laughing and clapping
• 1:20:08
  and it goes laughs and libertarian because it's just so
• 1:20:12
  good to win. And then of course this is
• 1:20:14
  Thanksgiving weekend for or week for us Americans over here And
• 1:20:18
  we got P and he goes can't stop, won't stop.
• 1:20:20
  And it goes me wasted at Thanksgiving.
• 1:20:23
  Aunt Linda Elizabeth Warren says that Bitcoin finances terrorism
• 1:20:26
  and is bad for the environment and it's the alien getting up.
• 1:20:29
  Time to debate coming out of your coma.
• 1:20:32
  This is when. What you turn on is when Uncle
• 1:20:34
  Jim and Aunt Linda are trying to roast you and FUD Bitcoin.
• 1:20:38
  This is when the great. Conversations happen is at
• 1:20:42
  holiday dinners OK and the last one is by Adam back and he goes
• 1:20:45
  laser ray till having day and we got this God candle.
• 1:20:50
  Literally going into heaven. This is the way.
• 1:20:53
  This is the way. All right guys, drop your meme
• 1:20:56
  review score in the chat over there as we cover ours live.
• 1:21:01
  And we'll give our scores. I'm gonna give it the Bitcoin
• 1:21:06
  Magazine withdrawal issue. Cover No Say no to CBD CS guys,
• 1:21:12
  This is the way I'm gonna give it a foundation power cell.
• 1:21:17
  Wow. Yeah, so instead of it being the
• 1:21:21
  battery from the Matrix movie, it's the opposite.
• 1:21:25
  Should I, Should I do it in honors for for Zach here?
• 1:21:28
  Look, I will. I will.
• 1:21:31
  I will unmint this for Zach on live.
• 1:21:35
  Look at this. Oh my.
• 1:21:37
  God unminted. I felt that.
• 1:21:40
  Wow, it was great. You're gonna put that, you're
• 1:21:42
  gonna put that back on now, right?
• 1:21:43
  I. Think I might.
• 1:21:47
  All right. Zach, what would you give those
• 1:21:48
  memes? I got a secret passport
• 1:21:52
  prototype thing behind here, so oh.
• 1:21:58
  Dude, docks almost docked. Almost.
• 1:22:01
  Actually, they're. Covered in my desk right here,
• 1:22:03
  but hopefully the camera cut off is good.
• 1:22:06
  I think it's my. Team is going to kill me.
• 1:22:09
  It's right. It's right there.
• 1:22:10
  It's on the cusp. You saw it here.
• 1:22:12
  First, Simply Bitcoin Live release some new products
• 1:22:17
  unknown to Zach Okay. All right, let's.
• 1:22:20
  Actually wines in the chat, Nika.
• 1:22:22
  You know what that means? Yeah, yeah.
• 1:22:23
  Since Wine is in the chat, guys, please, please check out our
• 1:22:26
  merch. You can go to simplybitcoin.com.
• 1:22:28
  You can scan the QR code on your screen right now, and you can
• 1:22:31
  get yourself either a Simply Bitcoin shirt or a Simply
• 1:22:34
  Bitcoin hoodie. And for the winners of last
• 1:22:37
  week's giveaway, we are sending out your merch.
• 1:22:39
  I saw it. I saw.
• 1:22:40
  I got the notifications. Congratulations.
• 1:22:42
  And also also Paul, I emailed you.
• 1:22:44
  Hopefully you're watching I need your shirt size.
• 1:22:47
  I got everyone else's, but you haven't responded to the e-mail
• 1:22:50
  yet. So hopefully you respond to my
• 1:22:53
  e-mail and then we'll be shipping out your stuff.
• 1:22:55
  But if you guys wanna support the show, buy our merch.
• 1:22:59
  Or else wine will be angry and upset with us so.
• 1:23:02
  If you don't and we are working on some some new designs for you
• 1:23:06
  guys, I'll get you the hat. I know you guys yell at me every
• 1:23:08
  single day. We're working on it.
• 1:23:11
  Same here by the way. Everyone's been asking for that.
• 1:23:13
  We tried the hat. It was a disaster, like all the
• 1:23:15
  colors were were wrong one day. One day soon.
• 1:23:19
  Soon. Oh man.
• 1:23:21
  OK, all right, here we go. The music has started.
• 1:23:25
  Everyday walking with Christ says I give the memes a week
• 1:23:28
  long trip with Max, Stacy and Millie in Argentina.
• 1:23:30
  Whoa, 212 likes. Are we really at 212 likes?
• 1:23:34
  We're at 221 likes, baby. All right, rave elevator.
• 1:23:38
  I score the memes. A chainsaw with a built in gold
• 1:23:41
  card. OK, Elaine, score bouquet.
• 1:23:45
  Success in Malay. Election starts a revolution
• 1:23:48
  across Central and South America.
• 1:23:50
  Bitcoin takes over the world. OK, Bitcoin poems pro.
• 1:23:55
  I give the memes the book mandibles.
• 1:23:57
  Great read for bitcoiners. I agree.
• 1:24:00
  I agree to Tora Potto meme score a / a ton window movement.
• 1:24:08
  I don't get it. Phil Russo turn.
• 1:24:10
  Window over a ton Block. Oh, I want to get Zach's
• 1:24:14
  thoughts on this. Block's distribution cash app
• 1:24:16
  brings cut self custody to the masses.
• 1:24:18
  Do you know what he's talking? About I think he's making a
• 1:24:20
  joke. Oh, wine gets a nice a nice
• 1:24:28
  shiny wall plaque. Thinking Nikos uncle who lost
• 1:24:32
  his seed words and donating his stack to all of us.
• 1:24:36
  Oh man, Tori up huddle. Bonus meme score.
• 1:24:40
  Nico getting to the Post Office trophy Yellow, smiling, OK.
• 1:24:46
  Let's see we have a few on, Rumble shouts out to you guys on
• 1:24:51
  Rumble. I know you guys yell at me for
• 1:24:53
  forgetting your meme score sometimes when I'm here.
• 1:24:55
  Narwhal Tacos meme score. Becca.
• 1:24:57
  Already working on the passport. Sammy for Zach.
• 1:25:00
  OK John, Plaid meme score. Get your coins off Exchange and
• 1:25:04
  Ice bank myself. I don't get that one.
• 1:25:11
  I think ice. Yeah, I don't get it.
• 1:25:12
  I don't get it. We we didn't run out of scores.
• 1:25:16
  We ran out of time. Yeah, exactly.
• 1:25:19
  Guys, thank you so much for tuning into another episode of
• 1:25:21
  Simply Bitcoin Live. I'm your host, Nico, who's my Co
• 1:25:24
  host Opti, and our awesome guest Zach.
• 1:25:27
  He is the founder and CEO of Foundation Devices.
• 1:25:31
  Guys, definitely get yourself a passport.
• 1:25:33
  Zach, thank you so much for joining us on the show today,
• 1:25:35
  brother. Thank you.
• 1:25:37
  Appreciate it guys. Thank you so much for tuning in
• 1:25:40
  to another episode of Simply Bitcoin Live.
• 1:25:41
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• 1:25:43
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• 1:25:45
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• 1:25:48
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• 1:25:50
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• 1:25:53
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• 1:25:56
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• 1:25:58
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• 1:26:00
  We'll see you tomorrow for brand new episode of Simply Bitcoin
• 1:26:03
  Live.