Latest / Simply Bitcoin / Saylor Explains WHY YOU ARE NOT LATE to Bitcoin | EP 1016

Transcript

Saylor Explains WHY YOU ARE NOT LATE to Bitcoin | EP 1016 · Simply Bitcoin

• 0:00
  Further secure America's future and create opportunity for young
• 0:03
  people. I will end Joe Biden's war on
• 0:05
  crypto. We will ensure that the future
• 0:08
  of crypto and the future of Bitcoin will be made in America.
• 0:11
  Otherwise other countries are going to have it.
• 0:14
  Yo welcome to some of the Bitcoin live, your number one
• 0:16
  source for the peaceful Bitcoin revolution.
• 0:18
  Car breaking news culture medical warfare will be your
• 0:20
  guide through the separation of money in state ladies and John
• 0:23
  you're tuned into simply Bitcoin live the most watched daily
• 0:27
  Bitcoin live show on YouTube rumble and exit back relax enjoy
• 0:30
  the ride. We changed it up a little bit We
• 0:32
  started with a cold opening again Bitcoin is entering into
• 0:36
  the mainstream political discussion.
• 0:38
  You have the the potential president of the United States
• 0:42
  basically saying that he will protect the right to self
• 0:45
  custody and protect Bitcoin mining.
• 0:47
  He wants bitcoins to be mined in the United States.
• 0:49
  Absolute explosion of the Overton window.
• 0:53
  Anyways, guys, we have a loaded show for you guys today.
• 0:56
  We're going to answer a question that I get all the time, and
• 0:59
  that question is, are you late to Bitcoin?
• 1:02
  I'm going to give you an indirect response to that.
• 1:05
  It's Michael Saylor at BTC Prague.
• 1:08
  Shout out to Dylan Leclair because he's the one that
• 1:09
  retweeted this video and he basically retweeted a video of
• 1:13
  Michael Saylor essentially giving a speech to basically a
• 1:18
  class of Harvard students. And it's going to surprise you
• 1:23
  how they reacted to Michael Saylor's Bitcoin strategy.
• 1:27
  And actually, Jesse Myers wrote an amazing article called Why
• 1:31
  the Yuppie Elite Dismiss Bitcoin.
• 1:34
  So the fact that you have, you know, this is Harvard, right?
• 1:38
  This is one of the hardest schools to get into, supposedly.
• 1:40
  These are the elites of the elites.
• 1:42
  These are the smartest people in the room.
• 1:44
  And if they're dismissing this today, in 2024 after Larry Fink
• 1:50
  is like, yo, Bitcoin is the future, I got to say that pretty
• 1:55
  much tells me that we're pretty effing early.
• 1:58
  So I'm going to play that for you guys.
• 2:00
  Also, Michael Saylor has continued to double down.
• 2:04
  He had, remember he announced that he was going to raise money
• 2:06
  to buy Bitcoin. He actually did it.
• 2:09
  He bought $786 million worth of Bitcoin, 11,931 BTC.
• 2:17
  Yeah, and MicroStrategy currently holds 226,000 Bitcoin
• 2:24
  at a end. They acquired it at an average
• 2:26
  price of $36,798 per coin. So absolutely insane.
• 2:32
  Shout out to the Chad sailor coming in hot.
• 2:35
  And of course we have the one, the only American huddle on the
• 2:39
  What Bitcoin did podcast. Shout out Peter McCormack.
• 2:41
  Amazing content. And Peter asked him, are we too
• 2:45
  late to Bitcoin? And I absolutely loved American
• 2:47
  Models response. So we have that loaded up for
• 2:50
  you guys as well. And then in the beginning,
• 2:52
  during the numbers section, I can't wait for this.
• 2:54
  Jeff Booth has a way with words and he's basically describing
• 2:59
  how Bitcoin is making him bullish on humanity.
• 3:02
  So we're going to watch that video, we're going to react to
• 3:04
  it. I love Jeff Booth's take, and he
• 3:06
  really opened my eyes to it every single time he comes on
• 3:09
  Simply Bitcoin IRL, The interview series.
• 3:11
  You guys should check it out. I think I've interviewed Jeff
• 3:12
  like two or three times. He blows my mind every time.
• 3:16
  And essentially where I am in the Jeff Booth Bitcoin rabbit
• 3:19
  hole is essentially that we have to understand that the
• 3:23
  censorship and the coercion and the laws and the war and all
• 3:27
  these things that you're seeing in Fiat society are a symptom of
• 3:32
  a system that requires coercion to work because it's a system
• 3:36
  that's fundamentally based on theft.
• 3:39
  And we as Bitcoiners have to understand this is very
• 3:41
  difficult for us to understand, especially if we've lived in the
• 3:44
  Fiat matrix. If we spend a lot of time in the
• 3:47
  Fiat matrix, it reminds me of the scene in the movie The
• 3:49
  Matrix. So, so cliche, but I'm going to
• 3:52
  say it anyways. They put Neo in the construct,
• 3:55
  Morpheus puts them in there. Neo can't handle it.
• 3:58
  He's like, no, this is this isn't real.
• 4:00
  He like passes out. He wakes up in the next scene.
• 4:02
  Morpheus is like, you know, like next to him and he says, I'm
• 4:05
  sorry, Neo, after a certain age, we don't wake people up because
• 4:08
  it's too much for their mind to handle.
• 4:10
  This is what I'm talking about. Bitcoin is a paradigm shift.
• 4:14
  And for a lot of us, we don't understand that Bitcoin is
• 4:17
  unaligned incentive structure system.
• 4:19
  What does that mean? That means that everyone could
• 4:21
  win, right? Everyone could win, full stop.
• 4:26
  In the Fiat system, a bureaucratic elite, a financial
• 4:30
  elite win. Everyone else loses in the
• 4:33
  Bitcoin system. Yeah, Michael Saylor might have
• 4:35
  more Bitcoin than you, but Michael Saylor is going to
• 4:39
  benefit from number go up just as much as you are.
• 4:41
  He doesn't have a special privilege.
• 4:43
  He has to buy Bitcoin. If he wants to make more
• 4:45
  Bitcoin, he has to mine it like everyone else.
• 4:47
  Of course he's using the infinite money glitch, but
• 4:50
  that's not a fault of Bitcoin, that's a fault of the financial
• 4:54
  system. You can call it a speculative
• 4:55
  attack, but yeah, so, so much content for you guys as well.
• 5:00
  And of course, I have my legendary Co host and we have
• 5:02
  some special stuff for you guys during the culture segment.
• 5:04
  So no one bring up Opti on stage.
• 5:06
  Opti, how you doing bro? How was the cold open?
• 5:09
  It was a little bit of a, it was a little bit of a change.
• 5:11
  Honestly, you kind of fumble it, I'm not gonna lie, because you,
• 5:14
  you forgot to switch the, the thumbnail on there, but it was
• 5:18
  great. I, I actually think we should be
• 5:19
  doing more cold opens. I, I kind of like it.
• 5:22
  I thought you were, you were trying to warn me like I'm gonna
• 5:24
  do cold open, go straight into the show.
• 5:26
  I thought you were gonna do like a cold open and just like
• 5:28
  literally jump right into it. But hey, maybe we should do
• 5:30
  that. Maybe I should do that next
• 5:31
  time. Let us guys let us know down in
• 5:33
  the comments. No, no, no.
• 5:34
  No, I guess you need to do. I think what you need to do,
• 5:37
  it's cold, it's cold open, but then don't do like our normal
• 5:42
  pretense of like our simply Bitcoin chill.
• 5:45
  It's like just go straight into what we're gonna talk about.
• 5:47
  I think that'd probably flow better.
• 5:49
  And then on the end cap the like, you know, we're simply
• 5:52
  Bitcoin. Anyways, we're we're
• 5:54
  brainstorming live on the show today.
• 5:56
  But yeah, man, it's it's it's great day to be a bit corner.
• 6:00
  It's always a great day to be a bit corner.
• 6:02
  And actually on your point, this morning I did watch Jack
• 6:06
  Mahler's keynote at BTC Prague. I highly recommend you guys
• 6:09
  watch that after today's show because it really ties in
• 6:12
  everything we're talking about today.
• 6:14
  And it was a great speech. Jack Mahler's killed it every
• 6:17
  single time that he's up there and has a mic in front of his
• 6:21
  face. So love it, love it, love it.
• 6:24
  And anyways, Nico on the culture, we're gonna have a
• 6:27
  little update on Javier Malay out of Argentina.
• 6:30
  We got AI would say a pretty legendary tweet coming out from
• 6:33
  him yesterday. I do, I do have some, some
• 6:35
  updates on the economy over there And, and you know, not,
• 6:39
  not to dock some of the people we work with, but we did have a
• 6:41
  conversation with a fellow Argentinian and, and, you know,
• 6:45
  they were telling us that they are very hopeful about Malay,
• 6:48
  even though we're seeing the mainstream media kind of push
• 6:52
  the narrative that like everything's.
• 6:53
  Going to stand. Yeah, I wonder why.
• 6:55
  You know, I know I'm pretty sure everyone saw the the tweets and
• 6:59
  the videos of them riding and all that stuff.
• 7:01
  And yeah, while that is actually occurring, it might be that
• 7:06
  Argentina is turning the ship around.
• 7:09
  But we what? What do we know?
• 7:10
  We're just you know, we're just bitcoiners in America looking
• 7:13
  for Bitcoin signal and I think we got some today Niko, so it's
• 7:16
  going to be good to update. Oh actually though, guys, I do
• 7:18
  want to forewarn you they are doing construction literally
• 7:21
  right outside my window today. So if you.
• 7:23
  Can't hear it anymore bro. OK, All right.
• 7:25
  So they might have just took a break, but just FYI, you might
• 7:27
  be hearing them like breakdown stuff on my end.
• 7:30
  So I'll keep myself muted. I'll keep myself muted.
• 7:32
  All right, everybody, before we jump into the show, I do want to
• 7:35
  give an extra special shout out to our sponsor, Bitcoin.
• 7:38
  Well, Bitcoin was the best place to build your automatic self
• 7:41
  custody Bitcoin stack. Buy real Bitcoin, enable your
• 7:44
  independence with the fastest and safest way to buy Bitcoin
• 7:47
  and Canon the USA to get started put in your e-mail address.
• 7:51
  It's a clear 1% spread. Obviously, it's Bitcoin only and
• 7:53
  it's completely non custodial, empowering sovereign ownership
• 7:57
  with free automatic self custody.
• 7:59
  That's right, you can't buy Bitcoin on Bitcoin well, unless
• 8:01
  you intend to take self custody, which perfectly aligns with the
• 8:04
  simply Bitcoin ethos. Also, if you're an existing
• 8:07
  customer of Bitcoin well and if you're you haven't signed up to
• 8:10
  Bitcoin well yet, you can use the promo code simply BTC and
• 8:14
  that will give you 3 tosses into the Bitcoin wishing well.
• 8:17
  If you're an existing user of Bitcoin well, every time you buy
• 8:20
  Bitcoin, you earn points and you can use some of those points
• 8:24
  towards the Bitcoin wishing well.
• 8:26
  What is the Bitcoin wishing well?
• 8:27
  What's like this kind of contest?
• 8:29
  You can win up to 1,000,000 Satoshis and I'll do one for you
• 8:33
  guys right here in a little bit And right here you toss a coin
• 8:36
  into the wishing well and bada Bing bada boom, a QR code gets
• 8:39
  put up on screen. First person to scan the QR code
• 8:42
  gets the free satoshi. I'm not going to scan it.
• 8:45
  And one more twin caught, twin caught, twin caught twin coin
• 8:50
  toss. There we go.
• 8:52
  But be warned, if it's a million Satoshi's, Opti apparently will.
• 8:55
  Take and also I hear there's a 210,001 so I might take that one
• 8:59
  too. As you guys can see, I'm pulling
• 9:01
  out my phone every time because I'm not going to let you guys
• 9:04
  get that. One So if you sign up to
• 9:06
  bitcoinwell.com using promo code Simply BTC, you get 3 tosses to
• 9:11
  the Bitcoin Wishing Well. If you're buying Bitcoin on
• 9:13
  Bitcoin while you're earning points, use those points.
• 9:15
  Toss a coin into the Bitcoin wishing well and potentially
• 9:19
  earn some Satoshi's. All right everybody, let's hit
• 9:21
  the numbers. The Bitcoin numbers.
• 9:26
  Is your Bitcoin in cold storage really secure?
• 9:29
  Is your seed phrase really secure?
• 9:31
  Stamp seeds. Do It Yourself Kit has
• 9:33
  everything you need to hammer your seed words into commercial
• 9:37
  grade titanium plates instead of just writing them on paper.
• 9:42
  Don't store your generational wealth on paper.
• 9:45
  Papers prone to water damage, fire damage.
• 9:48
  You want to put your generational wealth on one of
• 9:50
  the strongest metals on planet earth.
• 9:52
  Titanium. Your words are actually stamped
• 9:55
  into this metal plate with this hammer and these letter stamps.
• 9:58
  And once your words are in, they aren't going anywhere.
• 10:01
  No risk of the plate breaking apart and pieces falling
• 10:05
  everywhere. Titanium stamp seeds will
• 10:07
  survive nearly triple the heat produced by a house fire.
• 10:10
  They're also crush proof, waterproof, non corrosive, and
• 10:13
  time proof. All things that paper is not,
• 10:16
  allowing you to huddle your Bitcoin with Peace of Mind for
• 10:19
  the long haul. Stamp your seed on stamp seed.
• 10:23
  Gentlemen, I made it incredibly easy for you guys.
• 10:24
  You could scan the QR code on your screen right now.
• 10:27
  Take advantage of the promo code simply to get 15% off anything
• 10:31
  on the stamp seed website. Guys, stamp your generational
• 10:35
  wealth on titanium. Don't write it down on paper.
• 10:37
  At the time of recording the Bitcoin price is 64,550 SAT's
• 10:42
  per dollar 1549 block height 848,779 blocks to having 200 and
• 10:51
  1221 having estimate March 25th 2028 Total lightning network
• 10:56
  capacity 4851 BTC capacity value 313 million U.S. dollars Realize
• 11:04
  Monetary inflation 1.58% Market capitalization 1.27 trillion and
• 11:11
  Bitcoin verse gold market cap it's under 8 percent 7.94% the
• 11:16
  grand scheme of things we're just getting started.
• 11:17
  I think Bitcoin is completely superior to gold.
• 11:20
  Anyways, here is Jack Ballers and Jeff Booth giving a
• 11:24
  heartwarming talk on how Bitcoin is a pure humanity technology.
• 11:29
  Let's check it out. Here we go.
• 11:30
  But I have optimism because of us, right?
• 11:33
  It's, it's the best in US and it inscribes the best in US.
• 11:37
  And more and more people are starting to realize that.
• 11:39
  And once you realize that, you, you don't go back, you spend
• 11:42
  more time. And so if you if you, if you're
• 11:46
  hopeful on humanity and you think 99% of the people on this
• 11:50
  planet are really great people wanting the best in it, more of
• 11:53
  those people are going to find this every day.
• 11:55
  Yeah, I think the story of humanity is engineering a better
• 11:58
  world, I think. And it's, you know, specifically
• 12:04
  commercializing energy from the sun.
• 12:06
  And you know, the better we've been able to do that, then the
• 12:09
  more we flourish and grow as a species.
• 12:12
  And to me, that's why Bitcoin is the most pure human thing is
• 12:17
  it's engineered money, the first one we've ever engineered.
• 12:21
  And so it's literally engineering a better world,
• 12:23
  literally engineering better time and energy for ourselves.
• 12:26
  And then it's energy money. So, you know, talk about
• 12:29
  commercializing energy from the sun so that we could do cool
• 12:33
  shit with each other. So Bitcoin is as pure humanity
• 12:38
  of a technology I've ever seen. And so being bullish, Bitcoin is
• 12:42
  being bullish humanity being bullish the future, right,
• 12:45
  placing a premium on tomorrow. And that's why I think it will
• 12:50
  prevail, because if it doesn't, then I don't think humanity will
• 12:54
  right it it's so in captures our species.
• 12:58
  So I couldn't agree more my friend.
• 13:04
  I mean, you can hear the pin drop, man.
• 13:06
  That was just so powerful, that message.
• 13:08
  Yeah. I mean, being pro Bitcoin is
• 13:11
  being pro humanity. I think being, and this is what
• 13:14
  they didn't say, but they definitely meant it.
• 13:17
  Being anti Bitcoin is being anti humanity.
• 13:21
  Being pro Fiat is being anti humanity.
• 13:25
  There's actually even a term for this.
• 13:28
  If you're pro Fiat, you're unhuman.
• 13:31
  You're not a human, you're anti human.
• 13:33
  Pro Fiat means you're pro slavery, pro nihilism, pro
• 13:37
  usury, pro war, pro destruction, poverty, despair, elitism.
• 13:43
  It's all of it, right? And again, it's not a
• 13:46
  coincidence like Jack and Jeff were absolutely hit the nail on
• 13:50
  the head. It ladies and gentlemen, it's
• 13:52
  not a coincidence that when you adopt A Bitcoin standard, and if
• 13:55
  you're new here and if this is your year one, year two, I
• 13:58
  promise, things get better over time.
• 14:01
  You adopt A Bitcoin standard by the time you get to year
• 14:04
  three-year 4, Michael Saylor says it takes four years.
• 14:07
  I agree with that because that's a full cycle in my opinion.
• 14:10
  It takes four years to realize that you made a good decision.
• 14:15
  Takes eight years to be wealthier relatively to where
• 14:18
  you started. Money's relative.
• 14:21
  And The thing is, when you migrate to something that makes
• 14:26
  life cheaper, as time progresses, it opens up your
• 14:31
  horizon in terms of looking, being able to look forward and
• 14:35
  seeing the opportunities in front of you rather than just
• 14:39
  treading water, trying to keep your head above water and just
• 14:42
  worrying about can I pay rent? Can I pay for food?
• 14:46
  I have to ask my boss for a raise.
• 14:48
  It's not you. It's not because you want to
• 14:51
  raise, it's because you are feeling the debasement.
• 14:56
  You're feeling your purchasing power decreasing and because
• 15:01
  it's decreasing, you're just trying to keep up with it.
• 15:05
  That's all it is, right? If your money increased in
• 15:11
  purchasing power over time, would you be so concerned about
• 15:16
  getting a raise? In fact, I would even flip the
• 15:19
  conversation on its head and I would say your boss over time
• 15:22
  would probably say, listen man, we're going to probably have to
• 15:26
  pay you less because that's how it is.
• 15:30
  That's how the world should be. And we've been psyopt into
• 15:34
  thinking that somehow half of every transaction.
• 15:38
  Money is so fundamental to the human experience.
• 15:41
  People don't understand everything around you.
• 15:43
  This microphone, the camera, the laptop that I'm on, anything.
• 15:48
  I had to use money to purchase that unless or for whatever
• 15:52
  reason, you still use the barter system and use sheep or goat,
• 15:55
  but you can make an argument that the sheep or goat were a
• 15:57
  form of money. The point that I'm trying to
• 16:00
  make is that system is corrupted to the core and there's a
• 16:05
  spiritual component to it and people don't realize it.
• 16:09
  It affects you. It affect if you're, if you're
• 16:13
  operating on a corrupted base layer that is broken, that is
• 16:18
  based on theft. It's going to affect your life
• 16:22
  if you if you change to a base layer that is based on truth,
• 16:28
  very powerful word, an honest base layer, a base layer that
• 16:34
  has aligned incentives. So people just pursuing their
• 16:37
  greed make the system stronger. All of a sudden the world gets
• 16:43
  better. It's not a coincidence that the
• 16:46
  country that first made Bitcoin legal tender has the most
• 16:51
  popular president in the Americas.
• 16:53
  It's not a coincidence that the legacy media all over the world
• 16:58
  is attacking that small country that has a GDP of $32 billion.
• 17:02
  Like why they why are they still hell bent on attacking Naimbu
• 17:05
  Kelly? Why are they still hell bent on
• 17:07
  El Salvador? What are they?
• 17:08
  Are they pro the gangs that were murdering people?
• 17:11
  Like you have to ask yourself that, right?
• 17:14
  Why is it that the first public company that transitioned to a
• 17:18
  Bitcoin standard, Michael Saylor has admitted that, Michael, that
• 17:22
  micro strategy would have failed.
• 17:23
  It was a zombie company until they pivoted into the Bitcoin
• 17:27
  strategy and now they're one of the best performing, you know,
• 17:31
  stocks and SAP 500. Is that a coincidence?
• 17:34
  Is it a coincidence how it is improved my life completely?
• 17:38
  Of course, you're going to have to take my word for it, Opti's
• 17:40
  life too. I know that for a fact.
• 17:42
  We grew up together, we've built this career together, We've
• 17:44
  known each other a long time. I've seen Bitcoin change the
• 17:48
  lives of people fundamentally on a spiritual level, on an
• 17:53
  economical level, and all they had to do is just switch their
• 17:57
  unit of account. That's it.
• 17:59
  And just start saving in Bitcoin, earning in Bitcoin, and
• 18:03
  I promise you your life will get better.
• 18:06
  It's as simple as that. I I haven't read an article that
• 18:10
  has completely addressed the spiritual component.
• 18:13
  We've had people talk about it when they come on the show, but
• 18:16
  there's something deeper here and I think that's what Jeff and
• 18:21
  Jack were trying to discuss. There's something deeper here.
• 18:25
  Bitcoin is pro human money and Fiat is anti human money.
• 18:31
  It's as simple as that. Simple as that.
• 18:35
  Enough said Opti. What's your take bro?
• 18:41
  Yeah, man, I, I totally agree. Like I really love how Jack said
• 18:44
  it, you know, being bullish Bitcoin is being bullish
• 18:46
  humanity. And, and you really start to
• 18:49
  see, I know most people aren't on, at least in the audience.
• 18:53
  They usually yell at me when I say that I'm still on other
• 18:56
  social media platforms besides Twitter.
• 18:58
  But you're starting to see these videos come up on Twitter as
• 19:00
  well of, of people on Instagram and TikTok complaining about
• 19:03
  that their life is getting more expensive and they're barely
• 19:07
  able to survive and that things are getting worse and worse.
• 19:10
  And, you know, they're wondering what's going on with inflation.
• 19:13
  They're wondering what's going on with the presidential
• 19:16
  candidates. And so people are starting to
• 19:17
  feel the pain. And for better or worse, people
• 19:19
  need to feel that pain before they are going to look for
• 19:25
  change. And I think that's where we are
• 19:26
  right now. Us bit corners.
• 19:28
  We just got to the game early. We we saw the problem.
• 19:31
  I don't know, maybe we were born to see the problem, or at least
• 19:34
  we got into the right environment to notice what the
• 19:37
  actual problem is right now. But as Jeff Booth and Jack
• 19:41
  Mullins were saying, we win VR optimism because the flip side
• 19:45
  is a world view of pessimism. It's a world where it's filled
• 19:48
  with nihilism. People are just tuning out.
• 19:50
  They're giving up. And all of us Bitcoiners are
• 19:53
  taking our life back. We're not only taking our
• 19:55
  sovereignty and our money, but our sovereignty and, and leading
• 19:58
  our own lives and realizing that, look, we can't just give
• 20:01
  up. We have to build a better world.
• 20:03
  And if you build on a better money then you fix the world as
• 20:06
  the meme is, you know, fix the money, fix the world and so
• 20:10
  saving. Thinking Bitcoin not only helps
• 20:11
  humanity at large by by putting restraints on the Fiat system,
• 20:15
  but it helps yourself personally.
• 20:17
  And I, and I think this is something I've been kind of
• 20:19
  talking on for a while, is like, yes, as Bitcoiners and we try to
• 20:23
  shield Bitcoin to people, we usually start with like the
• 20:26
  negatives, like the Fiat system's messed up, You know,
• 20:28
  central banking is a scam. You know, inflation's going
• 20:31
  insane. They can kick you off the
• 20:33
  banking system. And while I think that resonates
• 20:36
  with a lot of us because that's probably why I'm here today and
• 20:39
  I'm a Bitcoiner in the 1st place is because I understood those
• 20:42
  problems, but most people don't really seek the good in life
• 20:48
  first. For the most part.
• 20:50
  They try to avoid pain. And so I'm starting to try to
• 20:53
  flip my thinking when I talk about Bitcoin and, and show
• 20:56
  people that saving in Bitcoin brings you a better life.
• 20:59
  Like everyone wants to live a good life.
• 21:01
  And if you can start to explain to people that Bitcoin leads you
• 21:05
  to a better life, then I think that's going to be just as
• 21:08
  strong of a narrative as just pointing out all the problems in
• 21:12
  the world. Because, you know, people say
• 21:14
  money doesn't buy you happiness. And I agree, you know, I say it
• 21:17
  all the time. I've never seen an unhappy
• 21:18
  person driving a jet ski. But removing money problems from
• 21:22
  your life does improve your mental health.
• 21:24
  And that's why I think a lot of us Bitcoiners are doing so well
• 21:28
  right now. Considering that most people
• 21:30
  just followed the status quo, you know they were sheep.
• 21:32
  LED took out a poison bro, like we took out a poison of our
• 21:36
  lives. Exactly.
• 21:39
  Well, we could say 2, but we're not gonna go down.
• 21:44
  Wait, Hold on. One last thing.
• 21:45
  One last thing. Once you unplug from the
• 21:47
  mainstream brainwashing around money, you start to ask
• 21:50
  yourself, what else have I been lied to about?
• 21:52
  And you look into your food, you look into your health, you look
• 21:55
  into your relationships, and you start to do your own research
• 21:58
  and realize, look, I can lead my own life.
• 22:00
  I don't have to ask someone else.
• 22:02
  I don't have to export my expertise on, you know, the
• 22:06
  trusted experts to lead me to a better life.
• 22:08
  It's like I have a brain. I can do the research.
• 22:10
  I know what works with my body, with my life.
• 22:13
  And it was why you were saying that, that spiel, Nico, it
• 22:16
  reminded me of just the name I use on the show in general,
• 22:20
  Optimist Field. You know, my moniker and I, I
• 22:24
  literally put that on Twitter like on a whim, I just, I
• 22:27
  created it. And then I just, you know, I got
• 22:29
  scared by like OPSEC when my early Bitcoin days and I just
• 22:33
  randomly put optimist fields on my Twitter.
• 22:36
  And ever since then it took on a life of its own.
• 22:38
  And I don't think that's a coincidence.
• 22:41
  I think it's just the name itself has resonated with
• 22:44
  people. And as Bitcoiners, we understand
• 22:46
  like Bitcoin is optimism, Bitcoin is hope and you can live
• 22:51
  in a world on the Fiat standard and you have pest nihilism.
• 22:54
  You don't plan for the future or you get on the Bitcoin standard.
• 22:57
  You realize there is hope for my future, like there is hope for
• 23:00
  me and my family. There will be a better, you
• 23:02
  know, a better life moving forward on a Bitcoin standard.
• 23:05
  And I think that is a powerful message.
• 23:07
  Like there is hope. We can change this.
• 23:09
  And it really starts with you as the individual saving in
• 23:12
  Bitcoin, you know, putting some restraints on on your spending
• 23:15
  habits and ensuring that you're taking your Bitcoin into
• 23:18
  custody. Like, I really do think that
• 23:20
  that might be a more powerful narrative moving forward than
• 23:23
  just pointing at all the problems in the world.
• 23:25
  Be like everything broken. Like you see the problem?
• 23:29
  It's like no bitcoins gonna give you a good life and this is how
• 23:32
  you prosper. This is how you go forth and
• 23:34
  prosper saving in Bitcoin. Amen to that.
• 23:36
  Amen to that. I also wanna read this Taco.
• 23:38
  I mean this Taco, this comment. My narwhal tacos from Rumble
• 23:42
  Jimmy Dore with 1.5 million Subs had a debate between a MMT
• 23:47
  economics professor and a real money gold bug.
• 23:50
  The professor revealed himself to be a sham.
• 23:53
  A shame a sham. Point is, money is now being
• 23:56
  publicly questioned. 100% money is being questioned and that's
• 24:00
  how we win. We get a portion of the
• 24:02
  population asking the question with money.
• 24:05
  Politicians do not have a good response to that.
• 24:09
  Anyways, I do want a very special shout out to our
• 24:12
  sponsor. Of course I'm talking about the
• 24:15
  Pleb party in Nashville, TN. It's going to be hosted
• 24:18
  Thursday, July 25th, the day before the largest Bitcoin
• 24:22
  conference in the US in the world.
• 24:24
  Bitcoin 2024 you definitely don't want to miss the pleb
• 24:28
  party the day before. It's going to be a 12 hour open
• 24:31
  bar party from noon to midnight hosted before the Bitcoin
• 24:35
  conference July 25th. You don't want to miss it.
• 24:37
  Get your tickets before they sold out, so sell out.
• 24:41
  Confirmed attendees include Larry Leopard, Preston pitch,
• 24:44
  the entire simply Bitcoin crew, James Lavish, Robert Breedlove,
• 24:47
  Mark Moss, pubby Tatum, turn up, Adam O'Brien, many many more.
• 24:50
  It's going to be hosted at an amazing rustic automobile
• 24:53
  factory from 1910 with brick walls and tons, tons of proof of
• 24:57
  work atmosphere. The last pleb party in Miami was
• 25:00
  sold out eight days before. That's right, there's like 5
• 25:02
  tickets left at the $200.00 price point.
• 25:05
  I want to see you guys at the pleb party in Nashville.
• 25:07
  I want to talk to you guys in person.
• 25:08
  You definitely don't want to miss this epic party.
• 25:11
  Get your tickets quickly before the price goes up and before the
• 25:15
  tickets sell out. You will not be able to get
• 25:16
  these at the door. All right everybody, let's hit
• 25:18
  the news. Lots to talk about.
• 25:20
  Here we go. I did that in the wrong way.
• 25:27
  The Daily News. I want to give a shout out to
• 25:31
  our sponsor Foundation Devices. It's self custody done right.
• 25:36
  They built a premium grade hardware wallet called Passport
• 25:39
  right here in the US. It's fully open source and
• 25:42
  verifiable. It's the most intuitive Bitcoin
• 25:45
  wallet designed with the UX reminiscent of a simple feature
• 25:49
  phone, so you will know how to navigate it and use it the
• 25:52
  moment you pick it up. Get your Bitcoin off exchanges
• 25:55
  and into your into your own hands plans in just a few
• 25:57
  minutes. Experience a Peace of Mind that
• 25:59
  comes with taking ownership of your own keys.
• 26:02
  After a massive sell out during Bitcoin Miami 2023, the passport
• 26:06
  is back in stock at foundationdevices.com.
• 26:10
  Bitcoin only open source verifiable completely air gap
• 26:13
  security model, gorgeous design craft premium grade materials.
• 26:17
  If you're thinking about getting your Bitcoin off exchanges, this
• 26:21
  is the one for you. Check out the passport link in
• 26:23
  the show notes below to learn more All right everybody, I made
• 26:27
  it incredibly easy for you guys. You can scan the QR code on your
• 26:30
  screen right now take you directly to the foundation
• 26:33
  devices website where you guys can use where you guys could get
• 26:37
  yourself a passport hardware wallet.
• 26:39
  You do you want to take self custody of your Bitcoin.
• 26:41
  If you don't, you're completely cooked.
• 26:43
  Don't do that. Custody of your Bitcoin captured
• 26:46
  Bitcoin. If you buy the ETF, you want to
• 26:48
  take cold storage and you. Yeah.
• 26:50
  You're too nice. You're too nice.
• 26:51
  We got to foursome. Literally bro you're.
• 26:54
  Cooked watching simply Bitcoin if you don't take custody.
• 26:59
  Like you got to take self custody.
• 27:01
  Passport is an incredible hardware wallet.
• 27:03
  You can pair it up with the Envoy app on your iPhone or your
• 27:06
  Android. It makes spending cold storage
• 27:08
  Bitcoin incredibly easy. I can't recommend it enough
• 27:10
  guys. Get yourself a passport hardware
• 27:12
  wallet. Anyways, so the theme and title
• 27:15
  of today's episode is basically, are you, are you too late to
• 27:18
  Bitcoin? And I think Michael Saylor, you
• 27:21
  guys have heard the the spiel where he's talked about like, is
• 27:25
  it too late to buy real estate in Manhattan in 1980?
• 27:27
  Like the best time was obviously in the 1900s, but it's always a
• 27:31
  good time to buy real estate in Manhattan because it's just a
• 27:33
  small island that everyone wants to move there.
• 27:35
  That's essentially the analogy that Michael Sailor uses.
• 27:38
  This is kind of like an indirect like case study.
• 27:43
  And what's important here is who is responding to Sailor and what
• 27:48
  he did. I'll let Sailor tell the story.
• 27:51
  We'll talk about it. Then we have an article to go
• 27:53
  along with it. Let's check it out.
• 27:55
  We went to Harvard Business School and they taught the micro
• 27:58
  strategy case study. And the professor calls me and
• 28:02
  says, well, you know, the students are really excited.
• 28:04
  They studied the micro strategy story.
• 28:06
  This is after we've done it and after it worked, He said we
• 28:09
  studied the MicroStrategy story, so we'd like you to come in and
• 28:12
  talk to the class. This is the greatest Business
• 28:15
  School in the United States, maybe the most famous Business
• 28:17
  School in America, the best and the brightest.
• 28:20
  You have to be the best students.
• 28:22
  So this is what happens. I go to the class, I, you know,
• 28:26
  I zoom in. I said, yeah, well, I mean, the
• 28:29
  company was at the end of the line.
• 28:31
  We were going to have to sell the company.
• 28:34
  It was the enterprise was worth $600 million and we were a wits
• 28:39
  and we tried everything we could possibly do for a decade.
• 28:41
  It didn't work. So finally we adopted the
• 28:43
  Bitcoin standard, you know, and we quadrupled the stock price
• 28:48
  and the shareholders made billions of dollars and the
• 28:50
  employees all made millions of dollars.
• 28:53
  And everyone's delighted and happy.
• 28:55
  And it's good for Bitcoin and good for the company and good
• 28:57
  for the employees and the customers are happy.
• 29:00
  And now, you know, and this is back when MicroStrategy had a
• 29:03
  market cap of maybe $5 billion or something.
• 29:06
  Today, our market cap is more than $30 billion.
• 29:09
  You know, a few months later, the professor goes, OK, you've
• 29:19
  heard, you've heard the CEO. What do you guys think?
• 29:22
  Would you do it? And he takes a survey first
• 29:26
  student. I don't know, it seems kind of
• 29:28
  risky. Second student, it seems like an
• 29:33
  inappropriate use of shareholder funds.
• 29:37
  Third student, this isn't normally done for student.
• 29:42
  It kind of violates, you know, convention and corporate
• 29:45
  finance. Fifth student, we really can't
• 29:48
  see, you know, any major company doing it.
• 29:52
  I I swear I watched 10 students. So I mean, yes, we are early.
• 30:01
  If you have, you know, 10 students in in this case from
• 30:06
  Harvard Business School basically saying this is too
• 30:10
  risky. Yeah, Yeah.
• 30:12
  I mean, things people haven't woken up to this reality yet.
• 30:16
  And I think that if they if they did, Bitcoin would pass the
• 30:20
  market cap of gold. But here's the thing, everybody,
• 30:22
  and here's what you have to understand, the opportunity
• 30:24
  would be gone if your neighbor was into Bitcoin, if your
• 30:27
  friends and your family, you know, like if the vast majority
• 30:31
  of people, if, if this thing has already gone mainstream, forget
• 30:34
  about the 100 X, it's gone, right?
• 30:37
  That that opportunity, it's still better money.
• 30:40
  You're it's still going to increase over time.
• 30:43
  You know, like Jeff Booth makes the case, right, the world
• 30:45
  should be deflationary because technology is deflationary.
• 30:48
  I completely agree with that. But you know, this is the
• 30:52
  opportunity when you hear those types of stories, right?
• 30:56
  When you hear those types of story, Harvard Business School
• 30:59
  that is like the best or one of the best business schools in the
• 31:03
  in the world. I think I was like, no, like,
• 31:06
  that's inappropriate. That's insane.
• 31:09
  And that's your edge. That's where you have an
• 31:11
  advantage. Anyways, here's this amazing
• 31:13
  article by crosses. And he says why the yuppie
• 31:15
  elites dismiss Bitcoin. He actually replied to Dylan's
• 31:19
  video and he says true as ever. So let's check out some of this
• 31:24
  article says. Exacerbated with our
• 31:27
  conversation. I asked bluntly, what do you
• 31:29
  think the probability is that Bitcoin hits $1 million per
• 31:33
  coin? Without the hesitation my friend
• 31:35
  replied .001%. I laughed and said I'd put it at
• 31:39
  80%. I asked if after thousands of
• 31:42
  hours of research on my part, maybe there was some information
• 31:45
  as asymmetry equipped or maybe self motivated beliefs.
• 31:49
  That's Dan, He's one of my good friends from Business School.
• 31:52
  He got a 780 on his G mat and is almost always the smartest man
• 31:56
  in the room. We both worked at one of the
• 31:59
  elite management consulting firms before attending one of
• 32:01
  the elite MBA programs, followed by returning to elite job
• 32:05
  opportunities in the most desirable cities in America.
• 32:08
  My B school friend group is full of dance.
• 32:11
  The kids who ran the gauntlet of achievement obsessed America and
• 32:16
  cleared the highest bar every time it rose higher.
• 32:19
  The consummate yuppie elite. Yet they all resist.
• 32:24
  They're yet they are all resistant to Bitcoin.
• 32:27
  It has become a topic of a frustrated fascination for me.
• 32:32
  My other friend group have largely heeded my Opti.
• 32:36
  What does that say? Vociferous and favorite
• 32:46
  testimony that Bitcoin is the most important asset of the 21st
• 32:49
  century. Yet my elite NBA friends cling
• 32:52
  to dismissiveness that borders on outright hostility.
• 32:56
  Why? This is a complex topic with a
• 32:59
  few layers I will try to address here.
• 33:01
  As a starting point, let's introduce the closest attempt at
• 33:05
  an explanation that I've seen today.
• 33:08
  Like, I absolutely love this dude.
• 33:10
  It is absolutely amazing. It is so fitting.
• 33:14
  The infamous bell curve, right? Me on the left.
• 33:17
  That looks so good. We're simply is over here.
• 33:21
  But yeah, I mean like look like it's so true.
• 33:25
  Like, you know, the mid level IQ on the Belcher, so many things
• 33:31
  fit into this category. Like this meme is what is this?
• 33:36
  What is this saying that you say Opti memes are life?
• 33:38
  Yeah, memes is life. Life is.
• 33:41
  Life is memes, memes are life. Like the reason that memes are
• 33:44
  so effective is because they're true.
• 33:45
  And like this is so effing true. Laughing my ass off.
• 33:48
  Imagine thinking to FA AT250K is realistic.
• 33:52
  Like, of course, it's realistic, it's Infinity divided by 21
• 33:55
  million. It doesn't take a rocket
• 33:56
  sciences. But at the same time, like I
• 33:59
  think Bitcoin requires a bit of humility.
• 34:01
  And I think that if you operate in the top echelons of society,
• 34:05
  I mean according to them, like or according to how they see
• 34:10
  themselves, I think that they perhaps see themselves as the
• 34:13
  know all be all right. But Bitcoin requires a little
• 34:17
  bit of humility because you have to understand that you get into
• 34:20
  Bitcoin of the price you deserve.
• 34:22
  And I think sometimes that could be very humbling if you are a
• 34:25
  quote UN quote yuppie elite that has been told like you are the
• 34:29
  smartest person in the room. And then someone on the left
• 34:32
  side of the bell curves like, yeah, Bitcoin good number go up.
• 34:35
  And then they apparently front you front run you into getting
• 34:38
  into Bitcoin. So it is a bit of humility test.
• 34:40
  And I honestly believe that this is one of the reasons I'm a huge
• 34:43
  fan of Elon. By the way, Tesla's drive
• 34:45
  themselves. They're dope.
• 34:46
  The man lands rockets. I get he's a bit of a shit
• 34:50
  coiner, but I believe he's a bit of shit of a shit coiner is
• 34:53
  because Bitcoin is a humility test.
• 34:55
  And I think that if you're someone like Elon that, you
• 34:59
  know, thinks he could fix the world and what and and stuff and
• 35:02
  and maybe a lot of those claims are true.
• 35:04
  I believe it, but you you can't fix Bitcoin like Bitcoin is and
• 35:08
  that's enough, right. So anyways goes on to say clever
• 35:12
  and compelling. This model explains that many in
• 35:14
  Bitcoin perceive some of the smartest people in the world
• 35:16
  think Bitcoin is going to boom, but some so do some dumbasses.
• 35:21
  Importantly, this model also explains the mockery and
• 35:24
  resistance we see from our reasonably intelligent friends
• 35:27
  and family. But it's too easy of an
• 35:29
  explanation. I cannot claim to be smarter
• 35:31
  than Dan or hundreds of other brilliant MBAs in my graduating
• 35:34
  class, not one of whom has reached Bitcoin maximalism as
• 35:39
  far as I know. Clearly, there is something else
• 35:41
  going on here. After mulling this over for a
• 35:44
  number of months, I think I've come up with the framework that,
• 35:47
  while not perfect, provides more explanatory power.
• 35:52
  First, let's separate the 250K believers in Murad's meme into
• 35:56
  what they really are Bitcoin moon boys on the left and deeply
• 36:00
  researched Bitcoin maximalists on the right.
• 36:03
  In truth, they're two different groups.
• 36:05
  The first group believes that Bitcoin is going to the moon
• 36:08
  largely because they believe that past performance is
• 36:10
  indicative of future results. And we'll say that this group
• 36:14
  subscribes to Bitcoin moonism. I mean, like it's really like at
• 36:19
  the same time, like it's really not that complicated.
• 36:22
  Like it's Infinity divided by 21 million.
• 36:25
  You can't just create more Bitcoin.
• 36:27
  There's a cap supply, there's an infinite amount of dollars.
• 36:31
  It's really not rocket science. I think if you're coming from
• 36:34
  the traditional financial system, I think you have a a
• 36:37
  tendency to over complicate things.
• 36:40
  Bitcoin isn't complicated, you're just coming from a system
• 36:44
  that is complicated by design anyways, goes on to say.
• 36:48
  The second group has come to an to understand the game theoretic
• 36:52
  inevitability of bitcoins continued rise in the context of
• 36:55
  central bank money printing, the deterministic price mechanisms
• 36:59
  of quadrennial supply shocks via bitcoins halvings and the market
• 37:04
  psychology that programmatic price appreciation precipitates
• 37:08
  and the winner takes all implications of an absolute
• 37:11
  scarce store of value asset. What we all what we call Bitcoin
• 37:15
  maximalism. I mean, I like I said, I don't
• 37:18
  think it's that complicated, but I think he does make a really
• 37:21
  good point and I think this meme sums it up perfectly.
• 37:25
  Anyways, here's Michael Saylor doubling down.
• 37:28
  I, like I told you guys in the beginning, he just announced
• 37:31
  that MicroStrategy use the infinite money glitch to buy
• 37:34
  700, eighty, $50 million more worth of Bitcoin.
• 37:38
  And now here's American Huddle. I think American Huddle has the
• 37:42
  best response to this. It's not complicated whatsoever.
• 37:46
  And Peter McCormack, of course, excellent interviewer, just
• 37:49
  asked him the question, are we too late to Bitcoin?
• 37:52
  What's your take on this? Let's check it out.
• 37:54
  For this digital thing came back in 2016.
• 37:56
  It's a little too fast. Let's slow that down to normal
• 37:59
  speed. Here we go.
• 38:01
  Tap into with you. You talked about people thinking
• 38:05
  they're too late on Twitter recently.
• 38:07
  Oh yeah, The ego behind that, Yeah.
• 38:09
  So when you first came to Bitcoin, didn't you think you
• 38:12
  were too late? If I've said this over and over
• 38:15
  every single time I've ever bought Bitcoin, yeah, I thought
• 38:18
  it's expensive. When?
• 38:20
  It was 80 LB. I was like, what the fuck?
• 38:22
  80 LB for this digital thing came back in 2016.
• 38:25
  It was 600 LB. I was like, fuck, it's expensive
• 38:28
  and and there's never been a time thought, oh, that was
• 38:30
  cheap, cheap free time. I totally.
• 38:31
  Agree with you. Apart from the one day, March
• 38:34
  2020, that's the day where I was like fuck this is cheap.
• 38:36
  It's cheap today. Yeah.
• 38:38
  Yeah. When it went to 3800.
• 38:39
  Yeah, well, that loan I took, yeah, I know what to get, but I
• 38:42
  didn't feel like it was cheap. No, I still think fucking out 70
• 38:45
  1/2 grand. Yeah, like it feels expensive
• 38:47
  all the time, which I think is a good thing.
• 38:48
  I made my first buys at like 2:20, right?
• 38:51
  And when we're looking back on $220 Bitcoin, it's like, holy
• 38:56
  shit, it was basically free Bitcoin.
• 38:57
  They were just giving it away. But at the time it was so
• 39:01
  expensive in my mind. And I kept thinking about, there
• 39:04
  were all these stories you were hearing about the guys who had
• 39:05
  got it at 1/4 and a nickel or they mind it for free on their
• 39:09
  laptop. And I was comparing myself to
• 39:11
  those guys, right. And so I think when a lot of
• 39:13
  people are having conversations today and you know, they're
• 39:15
  talking about Bitcoin, I hear this all the time from like
• 39:18
  normie friends or whatever neighbours friends, you know,
• 39:20
  they they basically go, man, good for you, man.
• 39:23
  I missed it though, dude, I missed it, you know, and I'm
• 39:25
  like, you didn't miss it, man, you didn't miss it.
• 39:28
  I mean do. You know the answer to that
• 39:29
  question because I got AI got a text yesterday saying for
• 39:32
  somebody saying no, I think I'm too late to buy some more.
• 39:34
  I always just reply, well, I'm not selling.
• 39:37
  Yeah. So what?
• 39:38
  What do you think? I think.
• 39:39
  Well, or people want the the most annoying one is people want
• 39:42
  to know the next Bitcoin. What's the next Bitcoin, dude?
• 39:44
  Like dude, it's Bitcoin. Thanks.
• 39:48
  I fucking hate that question. My God.
• 39:50
  But no, I mean the answer I say is just hey, listen, you know,
• 39:54
  it was really expensive for me. Also I've I felt like $200.00
• 39:57
  Bitcoin was expensive and like I know that's a mindfuck when you
• 39:59
  hear that today, but eventually here's the framework to think
• 40:03
  about. When the price moves $200.00
• 40:06
  today, I don't notice it. It probably moved $200.00 a
• 40:08
  hundred times while we're having this conversation.
• 40:11
  I didn't notice or care. It doesn't mean anything to me.
• 40:13
  And eventually, one of these days, the price will move
• 40:15
  $65,000 and you literally won't notice or care.
• 40:19
  And I know that sounds stupid, but that is going to happen
• 40:22
  because are you really going to notice a difference between 2.62
• 40:26
  million versus 2.68 million in your account?
• 40:29
  No, you're going to look at it and you're going to go, ah,
• 40:30
  still 2.6, still doing good. You're not going to really care
• 40:34
  about the 60 grand. So like the 60 grand, believe it
• 40:37
  or not, is de minimis. It's a rounding error, even
• 40:40
  though it's the price of a really pretty nice car.
• 40:43
  And you have to just check yourself and say, OK, do I
• 40:45
  believe in Bitcoin story going forward?
• 40:47
  Bitcoin does this thing. There's this other video I put
• 40:49
  on Twitter recently where I'm like screaming over a cash app
• 40:52
  chart and people seem to like that one.
• 40:53
  And but what I've noticed here is that like we get really
• 40:57
  concerned about price tops and lows, right?
• 41:00
  But if you if you take this broader view, Bitcoin moves an
• 41:02
  order of magnitude each epoch. So every E pocket moves up an
• 41:05
  order of magnitude. When when me and you came in, it
• 41:07
  was in the hundreds of dollar range and then in, you know, it
• 41:11
  was in the thousands dollar range post 2017 bubble.
• 41:14
  And yeah, it went briefly to 1020, whatever, but it came back
• 41:17
  down. It was stayed mainly in the
• 41:18
  thousands of dollar range. Then, you know, we're we're now
• 41:21
  in the 10s of thousands dollar range.
• 41:23
  It's been here for three years. We're all anticipating it going
• 41:26
  into the hundreds of thousands dollar range and then it's going
• 41:28
  to blip to a million. I'm going to win my bet against
• 41:30
  you, fuck you by the way. And then it's going back into
• 41:34
  the hundreds of thousands of dollar range and it's going to
• 41:37
  stay there for the rest of the epoch.
• 41:38
  Then it will move into the seven figure range, then the 8 figure
• 41:41
  range, right. So if you believe in Bitcoin
• 41:43
  story that you still, you know right now as the time of this
• 41:46
  recording 65,000 or whatever. If you believe that there is
• 41:51
  $100,000 epoch coming, a million and an 8 million, sorry 10s of
• 41:54
  millions, then you have three orders of magnitude to go from
• 41:59
  here. I'm going to leave it at that
• 42:06
  slang it like he always does and just dropping the wisdom man.
• 42:11
  I mean like I completely agree, like 100%.
• 42:14
  I completely agree with everything he had to say.
• 42:19
  It seems like the the the crowd does as well.
• 42:22
  We asked the crowd, 220 of you guys voted are we late to
• 42:25
  Bitcoin? 86% of you guys voted no.
• 42:28
  So apparently you guys agree only 14?
• 42:31
  Relevant poll too, so yeah. I mean that is that is a that is
• 42:34
  a good amount of people that voted so it.
• 42:37
  Needs to be two K. It needs to be 2K to be
• 42:39
  statistically. Relevant oh is that?
• 42:40
  Is that the number? Is that the number?
• 42:42
  Like the legacy media number. So I'm just.
• 42:44
  Oh wow. Well, we're we're we're pulling
• 42:47
  out legacy media statistics now. But yeah, I mean, I think Huddle
• 42:52
  hit the nail on the head. It connect that with the sailor
• 42:55
  video of him basically giving a lecture to a bunch of Harvard
• 43:00
  students and then being like that what you did was too risky.
• 43:03
  Yeah, I still think we're I still think I still think we're
• 43:06
  early. And you know remember Opti, when
• 43:10
  Opti Opti and I were really clot like the cost of 20/16/2017.
• 43:14
  So I still remember like it was yesterday where like $100.
• 43:18
  It was like that for a long time, $100 used to get you a
• 43:20
  million satoshi's. Those days are long gone, so.
• 43:26
  I still do that math though. That that doesn't change.
• 43:31
  But yeah, I mean, like, and I remember like I remember back
• 43:34
  in, you know, 20/16/2017, I was like, holy shit, like like
• 43:38
  $700.00 a Bitcoin, like $500 a Bitcoin.
• 43:41
  Like fuck that. Like this is so expensive.
• 43:43
  If I knew then what I know now, like I went hard, but I think I
• 43:49
  would have done, I would, I think I would have gone way
• 43:51
  harder. I don't know how 'cause I went
• 43:53
  hard as fuck, but I think I would have gone way harder.
• 43:57
  And I and I agree with Huddle. I think we're gonna look back on
• 44:00
  this. And by the way, the comment is
• 44:02
  absolutely right. They aren't.
• 44:05
  It isn't mainstream media. We don't call it mainstream
• 44:06
  media. We call it legacy media.
• 44:08
  I I did say legacy, but it. Is a legacy media.
• 44:10
  It's not mainstream media anymore.
• 44:11
  We are the media now. And on anyone who could just
• 44:14
  make content and post to Twitter, you're the media now
• 44:17
  anyways. So yeah, I think we're gonna be
• 44:19
  looking back. I completely agree with Huddle
• 44:21
  now. I don't know about the timeline.
• 44:23
  Like I have no idea. No one knows.
• 44:26
  The general consensus this cycle is that people believe that the
• 44:29
  diminishing that's the general feeling that I get is like the
• 44:32
  diminishing returns. I keep hearing that over and
• 44:34
  over and over again. Last cycle was like 100K
• 44:37
  guaranteed. Bitcoin always does the exact
• 44:39
  opposite of what everyone else thinks, right?
• 44:43
  So yes, I think that we still have orders of magnitude to go.
• 44:47
  I think it's Infinity divided by 21 million.
• 44:50
  This is not rocket science. This is not complicated.
• 44:54
  Bitcoin is the best one the world has ever seen.
• 44:57
  It's literally secured by the most power, by the largest, most
• 45:00
  powerful decentralized computing network on planet Earth.
• 45:04
  Yeah, I mean, it's, it's really not hard once you get it.
• 45:07
  And of course, you can only benefit from all this if you
• 45:09
  take self custody properly, which is why we recommend the
• 45:12
  stamp seed and the passport by foundation devices.
• 45:15
  Anyways, Opti I mean huddle has a way with words bro.
• 45:19
  Yeah, he does. He has a way.
• 45:20
  He speaks to the the ADIQ Bitcoin during me.
• 45:25
  He has a way with words bro. With the tangent here, I think
• 45:29
  it's kind of the issue with a lot of us Bitcoin content
• 45:31
  creators is like, well, not necessarily us because we speak
• 45:35
  in normal terms, but a lot of people speak about Bitcoin in
• 45:38
  like, you know, multi syllable words to explain very simple
• 45:42
  ideas. And it's like, yeah, that got us
• 45:44
  here. But I think moving forward,
• 45:46
  again, trying to work on the narrative of how we explain
• 45:49
  Bitcoin to people, like how Hoddle was able to explain
• 45:52
  Bitcoin and the market, I think it resonates with a lot of
• 45:55
  people, Hence why a lot of us kind of look up to Hoddle as
• 45:58
  like our Big Brother. You know, he was, he was our
• 46:00
  general in the trenches when I was a new Bitcoiner in 2018,
• 46:04
  telling us to, you know, stack our balls off and get to 6.15
• 46:08
  and sell your cars and all that stuff.
• 46:11
  And, and you don't need all those nice things.
• 46:12
  So I remember those days. But anyways, that was a tangent
• 46:15
  going back to what we just covered to Peter's point, I, I
• 46:20
  flip it and shout out to my boy wine, 'cause he's the one that
• 46:23
  really brought this to mind. But all of us in the chat, me
• 46:26
  and Nico, you know, wine, all of my friends, we all buy tops at
• 46:29
  historical time stamps. Like it always, it always feels
• 46:32
  expensive, but you can say to your children or your children's
• 46:37
  children eventually, like, yeah, I remember buying Bitcoin at
• 46:40
  69420 and now it's what, 6.9 mil or something crazy like that,
• 46:45
  You know, who knows where it's going?
• 46:47
  But yeah, we, we love buying tops.
• 46:49
  I that basically proves our conviction in where Bitcoin is
• 46:53
  going. We don't care.
• 46:54
  It does feel expensive. Of course, we all feel the pain
• 46:57
  of like, man, I'm getting less sat, but that's besides the
• 46:59
  point. And then I really love Huddle's
• 47:01
  framing on the Bitcoin volatility because after a while
• 47:03
  it really does mean nothing. You know, when I got into
• 47:06
  Bitcoin, I literally got into Bitcoin at the end of 2017 and
• 47:10
  my first Bitcoin buy was at 10K. And now looking back, like when
• 47:15
  I was buying it, it did feel expensive, but I also knew it
• 47:17
  was going to continue to go up just because of the how frothy
• 47:20
  the market was. But now like, I really wish I, I
• 47:24
  really wish I bought more at 10K and 3K and 6K and 15K and 20K
• 47:29
  and all the K's up into where we are today.
• 47:32
  So you will have this same experience looking backwards and
• 47:36
  then going all the way to the beginning of the sailor video,
• 47:39
  just like it's so funny. The sailor's basically just
• 47:43
  telling these hardware student business students to have fun
• 47:45
  staying poor. He's like, I'm literally telling
• 47:47
  you guys what I did. I'm a billionaire and you guys
• 47:50
  are like, oh, seems risky. No one does it, you know?
• 47:53
  So just love seeing the hubris of the quote UN quote best and
• 47:56
  brightest and it really goes to show.
• 47:59
  It's that. It's the meme bro.
• 48:01
  It's definitely the meme but also just like how detached
• 48:05
  college students are from reality and how you can't really
• 48:08
  learn real world lessons from books.
• 48:10
  Like I Went to College and I look back on it and I tell most
• 48:15
  people unless you're trying to be like a doctor or a lawyer or
• 48:17
  something, like avoid going to college cuz it literally is a
• 48:21
  scam for most of the degrees out there.
• 48:23
  I'm glad that I ended up in the degree that I did because it
• 48:27
  taught me how to think. What was my last class Opti?
• 48:30
  I don't even remember my last. No, no, that was one of the that
• 48:34
  was one of the philosophy classes.
• 48:36
  It was mouse and dog on rhetoric or something, the dialectics of
• 48:40
  rhetoric or something like that. All right, all right, can I say
• 48:43
  the C word? The collectivist almost got me.
• 48:46
  All right, I'm not going to lie. I'm not going to lie.
• 48:48
  Anyways, I'm getting derailed here.
• 48:51
  I find it the most interesting part that I find about this
• 48:54
  video is that we got, you know, Sailor Metaplanet, we got the
• 48:58
  Wisconsin pension fund, we have BlackRock and Larry Fink.
• 49:01
  We have similar scientific CEOs with real world problems looking
• 49:06
  for real world solutions, AKA Bitcoin.
• 49:08
  And then we have these college students who are like, oh, no
• 49:11
  real company's ever done this. No one with no one with actual
• 49:14
  money has ever actually bought Bitcoin.
• 49:17
  And you're like, these, these CEOs have to deal with real
• 49:20
  world consequences, real world problems.
• 49:23
  And they're seeing the landscape that they're working with and
• 49:27
  they realize, Oh my God, I need to buy Bitcoin to protect
• 49:31
  myself. Like if that isn't signal to
• 49:33
  people, then that just goes to show that you're completely
• 49:35
  detached from how the world really works.
• 49:38
  And then to answer the question personally, how I know, but
• 49:41
  we're still early Bitcoin is because I still kind of talk to
• 49:45
  normally, like normally people all the time.
• 49:47
  And when I bring up Bitcoin, it's usually like one of two
• 49:50
  avenues. It's either like, Oh yeah,
• 49:52
  that's a cool, you know, Internet pet rock or whatever,
• 49:55
  or they think you're crazy and you're an idiot.
• 49:58
  And if you talk to normal people about Bitcoin, I venture to
• 50:02
  guess that most people you come across aren't Bitcoin
• 50:05
  maximalist. They don't understand why we go
• 50:08
  so hard in the paint and Bitcoin and why it's so important.
• 50:11
  And then I still see people saying that Bitcoin has no use
• 50:14
  case. Like Nico, I, I, I didn't bring
• 50:16
  this up because I keep blanking on it, but someone on our
• 50:19
  TikTok, you guys, we're on TikTok.
• 50:21
  We're trying to expose the Bitcoin content to all of the
• 50:24
  avenues, TikTok, Instagram, you know, we even have a twitch.
• 50:27
  No one's on there but YouTube, Twitter, all that stuff.
• 50:30
  Someone commented on one of our Tik Toks.
• 50:33
  I think it was like yesterday or two days ago that there is no
• 50:37
  need for Bitcoin. And I was just sitting there
• 50:39
  like, this is where we are right now.
• 50:41
  People still don't understand the problem.
• 50:43
  They still think Bitcoin is some speculation, some, you know, get
• 50:47
  rich quick scheme. And if you talk to normal
• 50:50
  people, they don't understand Bitcoin like we understand.
• 50:53
  So like, yeah, Bitcoin AT70K or whatever it is today, seems like
• 50:57
  you're late to Bitcoin in price terms, but there's nowhere near
• 51:00
  8 billion people or 4 billion billion or even 1 billion people
• 51:03
  saving in Bitcoin and knowing what Bitcoin is like until we
• 51:06
  have billions of Bitcoin maximalist, I will still say
• 51:10
  that we are early and even going closer, closer to home for me,
• 51:14
  like most of my friends still don't own Bitcoin.
• 51:17
  They still think I'm the crazy one that's a bitcoiner.
• 51:20
  And I know their lives like they're struggling for money,
• 51:23
  they're struggling to survive. And I'm always here like, dude,
• 51:26
  just saving Bitcoin and they're like, no, you're an idiot.
• 51:29
  Like, yes, we're still early to Bitcoin and even further, like I
• 51:34
  know a lot of people say they've missed the boat, but like if the
• 51:37
  if the ship you're on is sinking and there's still boats to
• 51:41
  escape on, have you really missed the boat?
• 51:43
  It's like, no, there's still boats.
• 51:44
  Get on the boat, you idiot. Like don't just don't just sink
• 51:48
  with the Titanic. Like there's still an
• 51:50
  opportunity to save in Bitcoin. But again, it kind of goes back
• 51:53
  and maybe I'm I'm I'm flip flopping on my narratives here,
• 51:57
  but people don't understand what the problem is.
• 52:00
  And yes, we want to explain the problem to people, but also like
• 52:04
  just show them lifes better on Bitcoin.
• 52:06
  Yes, 70 K Bitcoin seems expensive, but in the future
• 52:10
  Bitcoin will be making 70K moves in a day and you're not even
• 52:13
  going to blink like Bitcoin. We're still kind of waiting for
• 52:16
  the Omega 10K candle. But like when it does the first
• 52:19
  time I'll be like, Oh my God, I remember when I was buying
• 52:22
  Bitcoin at 10K per Bitcoin and now it's doing it in a day.
• 52:25
  Like this is how Bitcoin works. Infinity divided by 21 million
• 52:29
  and now we have the biggest asset managers in the world soon
• 52:33
  enough going to be dropping trillions in to buy Bitcoin.
• 52:36
  Like we have companies that are worth more than the whole
• 52:38
  Bitcoin market cap right now. And you think you're late to
• 52:41
  Bitcoin? It's like, no, you need to zoom
• 52:42
  out. You, you don't need to buy a
• 52:44
  whole Bitcoin AT70K. Just get off zero.
• 52:47
  Start saving in Bitcoin because these price movement and the
• 52:50
  price of today is going to look cheap in the future.
• 52:53
  And you don't want to be sitting there telling your great, great
• 52:55
  grandchildren like, Oh yeah, I could have bought Bitcoin AT70K,
• 52:59
  but I was an idiot and I have was way, way too confident in my
• 53:03
  position and I was a Fiat shill. And This is why you're broke and
• 53:07
  eating porridge is because your grand pappy was an idiot.
• 53:10
  I. Do.
• 53:14
  Want to give a shout out to our sponsor?
• 53:16
  Of course I'm talking about the orange pull offs.
• 53:18
  Stack friends who stack sats join the 10,826 bit corners that
• 53:21
  are currently on the app as a really cool geographical
• 53:25
  feature. It'll show you the bit corners
• 53:26
  that are near you. So if you're traveling, you go
• 53:28
  to a new city, you pull up the orange pull up and it will
• 53:31
  literally connect with bit coiners that are near you as a
• 53:33
  clever filtration system. So you'll only find fellow
• 53:36
  bitcoiners in the app. This is the best way to get in
• 53:39
  contact with me. Send me Adm on the orange pull
• 53:42
  up. I'll get back to you.
• 53:43
  I don't answer my Twitter DMS anymore.
• 53:45
  The orange pull up is the Bitcoin social layer stack
• 53:48
  friends who stacks ATS download the orange pull up today, scan
• 53:51
  the QR code or check the link in the video description.
• 53:54
  All right, everybody, let's hit the culture.
• 53:56
  Lots to talk about the daily culture.
• 54:06
  All right everybody, I want to give a shout out to our sponsor,
• 54:08
  Kaboom Racks, the most trusted place to buy, sell and host
• 54:12
  mining equipment. To check out their inventory,
• 54:15
  scan the QR code or check the link in the video description.
• 54:17
  It'll take you directly to their telegram where you can connect
• 54:20
  with a member of their sales team.
• 54:21
  They make purchasing their products easy and transparent.
• 54:24
  You could also sell your mining equipment with them.
• 54:26
  Access their vast network of domestic and international
• 54:29
  customers when you sell your mining equipment with Kaboom
• 54:32
  Racks. What are you waiting for?
• 54:33
  Start your mining journey today. Also, if you want to start
• 54:36
  mining instantly, check out their special deal that's
• 54:39
  currently live Right now they're offering instant hosting for an
• 54:42
  S19K, an S19K Pro 120 tear hashes.
• 54:47
  You own the miner. This is not a hash rate
• 54:49
  contract. The equipment is already online
• 54:51
  and has been running so has a very low chance of DOA.
• 54:54
  The price includes a three month security deposit and 1st month.
• 54:57
  Your hash rate goes online after your payment is confirmed.
• 55:01
  So to start your mining journey, scan the QR code on your screen
• 55:04
  and start mining those precious just satoshi.
• 55:07
  All right, here is the man, the myth, The Wolverine, Javier so.
• 55:14
  So I really wanted to get the picture of him with the
• 55:16
  chainsaw, but I couldn't find a good one.
• 55:18
  So this one fitting, you know, with its fist up fighting the
• 55:22
  collectivist globalist of Argentina.
• 55:23
  Anyways, I do want to do a little PSA before because, you
• 55:27
  know, we've been covering Argentina.
• 55:29
  We've we've heard a lot of good sound bites coming out of Javier
• 55:32
  Malay. Not necessarily agree with a lot
• 55:34
  of the moves he's made. I I don't think I need to lay
• 55:37
  them all out, but you know, maybe a few like meeting with
• 55:40
  the Clintons and endorsing Zelensky and some of this stuff
• 55:44
  makes me feel a little bit of concern.
• 55:45
  I think also having talks with the IMF and getting applause at
• 55:49
  the World Economic Forum, some of these things do make me feel
• 55:52
  a little unsure here. But moving forward from that,
• 55:57
  we've seen that what what does that mean that you said, Nico,
• 56:01
  we now we have a a test example of what it will take for a
• 56:07
  country to go Bitcoin or at least more free market
• 56:09
  capitalists and it's 150% inflation on their local
• 56:13
  currency. So we're seeing that people are
• 56:16
  starting to wake up to this idea that Oh my God, we have a
• 56:19
  problem and I need to to figure out a solution.
• 56:21
  And of course, this is simply Bitcoin.
• 56:23
  And we think Bitcoin is the solution.
• 56:25
  It's definitely a first step. You need to save in something
• 56:28
  that cannot be the base. And then from there every, there
• 56:31
  will be ripples that start to make society better and, and
• 56:34
  cleanse itself. Okay, so first and foremost, I
• 56:37
  do so I'm kind of doing this in chronological order of the
• 56:40
  tweets that I got. So first and foremost.
• 56:43
  You've probably heard the. Legacy media, the corporate
• 56:46
  press, as the chat was telling us, basically say that Argentina
• 56:50
  is going into a whirlwind and now there's riots and there's
• 56:53
  burning in the streets and it's never been worse.
• 56:55
  And so I found this tweet and I really enjoy it.
• 56:58
  But for the 5th month in a row since Javier Malay became
• 57:00
  president, Argentina has posted a budget surplus.
• 57:04
  Remember what I was telling you guys yesterday in regards to the
• 57:07
  US national debt set almost $35 trillion?
• 57:10
  I don't think we've ever been in a budget surplus in America.
• 57:14
  And yet Javier Malay has been able to do that in five months
• 57:17
  in Argentina. We've seen what happened with
• 57:19
  Naive Buckele done it in El Salvador and how he courts
• 57:23
  corrected his country. So just bring in some stats here
• 57:26
  because people love the receipt, people, people love to know
• 57:30
  that, hey, we're not just making this stuff up and we're not just
• 57:32
  pulling things out of thin air. The, the the numbers don't lie
• 57:36
  that they have a budget surplus coming out of Argentina.
• 57:39
  And then moving forward. This also came out that Javier
• 57:42
  Malay has extended an invitation to Naive Bukele, saying we will
• 57:46
  welcome you with open arms. You know, does this mean that
• 57:50
  he's going to put Argentina on a Bitcoin standard?
• 57:53
  No, but he's open to the ideas of Naive Bukele and how he
• 57:57
  course corrected El Salvador. He's probably looking at what
• 58:01
  Naive Bukele has done for crime. Obviously he's going to look at
• 58:05
  the economy. I saw a good tweet.
• 58:07
  I didn't pull it up, but it said something on the lines of Javier
• 58:10
  Malay to the economy is what Naive Kelly was to crime in El
• 58:15
  Salvador. And I'm like, damn, that's
• 58:16
  that's a pretty solid tweet. Anyways, the reason I'm bringing
• 58:19
  up Javier Malay in general today is because this popped up on our
• 58:23
  radar yesterday. So Javier Malay tweeted, Hola
• 58:27
  Tolos, you know, hi everyone. And then Gabbard Gerbach, which
• 58:31
  is he's, he's a, he's a Bitcoiner.
• 58:34
  He talked about macro. He covers the financial world
• 58:37
  and he goes Bitcoin. I told those, you know, Bitcoin
• 58:39
  for everyone. And then Javier Malay responded,
• 58:41
  he goes, there will be free competitions of currency.
• 58:45
  So if you want to use Bitcoin, there will be no problems.
• 58:47
  And you can also use other units such as WTIBTU and the one that
• 58:52
  is most appropriate for your business.
• 58:54
  In accounts something terms, it is solved by the functional
• 58:57
  currency method. So we have Javier Malay Barry
• 59:02
  directly saying that there will be free market capitalism in
• 59:05
  currencies. If you want to use Bitcoin in
• 59:07
  Argentina, you can. And I think this is further
• 59:11
  signal to the idea that the I the Bitcoin standard idea that
• 59:15
  Naive Bukele has exposed the world to is starting to catch on
• 59:19
  in South America. So does this mean that Javier
• 59:23
  Male is going to go, you know, the legal tender route?
• 59:25
  No, but it does mean that they're not going to actively
• 59:28
  fight Bitcoin. They're actually going to
• 59:30
  embrace it. Free market competition of
• 59:32
  currencies is a good thing. So again, Nico kind of was
• 59:36
  trolling when he said, now we have a test example of what it
• 59:39
  takes for country to embrace Bitcoin and it's just 150%
• 59:42
  inflation. But he tweeted this out.
• 59:45
  He's been going hard on his Twitter.
• 59:47
  And for those of you on the flip side that are like, oh, but you
• 59:50
  know, things are going bad, you know, they're riding.
• 59:53
  I'm not, I'm not going to put the audio here, but there's some
• 59:55
  video here of them, you know, burning things and riding.
• 59:59
  And Javier Malay tweeted this or actually rather reposted this
• 1:00:04
  and he goes for the Curtinaristas.
• 1:00:08
  Sorry. Communist.
• 1:00:09
  Yeah, and the left, these guys are not criminals, but good
• 1:00:12
  people. And Nico brought it up earlier
• 1:00:14
  as a rhetorical question. Obviously we know the answer,
• 1:00:17
  but is it a surprise that the corporate press is out there
• 1:00:22
  saying that Argentina is going to shit because of small riots
• 1:00:27
  in certain cities? No, it goes to show that they do
• 1:00:30
  not want the Bitcoin signal to spread.
• 1:00:33
  They don't want free market competitions and currencies
• 1:00:36
  because they get their power from the control of Fiat
• 1:00:39
  currencies. And so the fact that we are
• 1:00:41
  seeing Javier Malay go out on Twitter again saying there will
• 1:00:45
  be free competition of currency, so if you want to use Bitcoin,
• 1:00:48
  there will be no problems. I think is some signal moving
• 1:00:51
  forward of what we're seeing play out in America as well.
• 1:00:55
  Like ever since Trump came out and said he's pro Bitcoin, the
• 1:00:58
  left has to make in a, you know, a pivot on their Bitcoin stance.
• 1:01:03
  Obviously, as Bitcoiners haven't forgotten the hell they put us
• 1:01:06
  through in the last year and a half, two years.
• 1:01:09
  And now you're seeing that Bitcoin is becoming a defining
• 1:01:13
  political stance. Someone in the chat said, you
• 1:01:15
  want to know how I know we're not early to Bitcoin.
• 1:01:18
  You're not late to Bitcoin is because in the early days,
• 1:01:21
  Bitcoin was an experiment and now Bitcoin is a presidential
• 1:01:24
  issue. Like you are not late to
• 1:01:26
  Bitcoin. Bitcoin is still entering the
• 1:01:28
  mainstage in regards to what Bitcoin will do for society
• 1:01:33
  people having to have a Bitcoin stance and as we say all the
• 1:01:36
  time on the show wait let me just do it this way you're.
• 1:01:39
  Against Bitcoin, you're against freedom.
• 1:01:41
  Bitcoin, yeah, exactly. Bitcoin is the pro human stance
• 1:01:46
  here. Yes, it is software.
• 1:01:48
  Yes, I know people are concerned about technology ruining the
• 1:01:51
  world. And yes, I know there's some
• 1:01:53
  hesitancy about exchanging your quote UN quote hard earned
• 1:01:57
  wealth into a digital Ledger. But Bitcoin puts restraints on
• 1:02:02
  the Fiat system and now we're seeing that that signal is
• 1:02:05
  spreading out. So will we see another country
• 1:02:08
  soon come out and make Bitcoin legal tender?
• 1:02:10
  I don't think it's necessary. The fact that we have Javier
• 1:02:13
  Malay say there will be competition of currencies and if
• 1:02:16
  you want to use Bitcoin, go for it.
• 1:02:18
  This is showing and proving to me that the signal around
• 1:02:22
  Bitcoin is improving and more people are waking up that
• 1:02:25
  Bitcoin fixes this. It starts with the currency.
• 1:02:28
  It always goes back to the money.
• 1:02:30
  It's always about the money. If you follow the money, you
• 1:02:33
  will start to understand what's actually happening in the world
• 1:02:36
  and you know, don't trust us guys like of course, verify this
• 1:02:39
  news. Make sure you get off 0, but
• 1:02:43
  we're seeing that there is a vibe shift happening out there
• 1:02:47
  in regards to Bitcoin and this is one of those points.
• 1:02:49
  So do I agree with everything that Javier Malay is doing in
• 1:02:52
  Argentina? No, but I'm also not
• 1:02:54
  Argentinian. So I don't know the the nuance
• 1:02:57
  that plays out in their in their country.
• 1:02:59
  But like I said before, Nico and I did have a conversation with
• 1:03:03
  with someone that we're working with that is Argentinian.
• 1:03:06
  And I asked their point blank, like, what do you think about
• 1:03:07
  Javier Malay? And, and they're like, you know,
• 1:03:10
  like I think I'm hopeful in regards to Javier Malay.
• 1:03:14
  Do I know everything? Am I, am I in tune with
• 1:03:16
  everything? No, but there seems to be a
• 1:03:19
  trend toward Javier Malay actually wanting to help the
• 1:03:22
  Argentinian country. And if he's going to allow
• 1:03:26
  competitions of currencies and let people use Bitcoin like
• 1:03:29
  it's, it's only orange pastures from here for Argentina.
• 1:03:33
  So we'll see how this plays out, but I thought that was some
• 1:03:35
  interesting signal in regards to culture shift and what's going
• 1:03:39
  on in the world. Yeah, it's a very kind of
• 1:03:41
  interesting approach, right? Because he essentially, and you
• 1:03:45
  know, and Max and Stacy were kind of commenting on this cause
• 1:03:48
  Max and Stacy have done a pretty incredible job, I would say kind
• 1:03:52
  of keeping El Salvador isolated from a lot of the shit coinery
• 1:03:56
  And Javier Malay, Javier Malay's approach is basically more kind
• 1:04:02
  of free market orientated, like let the best currency win.
• 1:04:06
  I'm, I'm curious to see how that experiment plays out.
• 1:04:09
  Obviously, you know, as a bitcoiner, I'm a fan of how El
• 1:04:13
  Salvador has approached it. Obviously malaise is taking a
• 1:04:18
  different approach now in regards to the riots and all
• 1:04:21
  that stuff. Like, yeah, I mean,
• 1:04:23
  collectivists are going to collectivists, right?
• 1:04:25
  Like that's what they do. Like, you know, and they form,
• 1:04:29
  you know, a huge commotion because the government wants
• 1:04:32
  less control, wants more free market, wants less taxes.
• 1:04:37
  I find that weird. But I mean, I guess there's some
• 1:04:39
  people that benefit from that type of system, but I would say
• 1:04:43
  the vast majority of people benefit more from, you know, a
• 1:04:47
  free market economy and an economy based on incentives
• 1:04:52
  rather than an economy based on coercion.
• 1:04:54
  So I find that interesting. And of course, like the legacy
• 1:04:58
  media man, like they're just a bunch of collectivist man.
• 1:05:01
  Like they, they followed, they criticize El Salvador, they
• 1:05:05
  called Dai Mukele a fascist, everything that they, they did
• 1:05:09
  the same thing with Bolsonaro, they did the same thing with
• 1:05:13
  Malay. Like every like it, it always
• 1:05:16
  goes in One Direction, which I find really, really interesting.
• 1:05:20
  So yeah, I mean, but it is what it is.
• 1:05:23
  I think the truth always is going to surface and I think
• 1:05:26
  it's just our job to just point out the truth.
• 1:05:29
  And I think it takes care of the rest, right?
• 1:05:31
  So anyways, let's see what happens.
• 1:05:34
  Yeah, sorry, sorry, I didn't mean to cut you off.
• 1:05:35
  I was just going to say just to add to your point and we, we
• 1:05:38
  probably have beaten a dead horse metaphorically, of course,
• 1:05:42
  YouTube. But it just goes to show that
• 1:05:44
  the corporate press or legacy media or whatever you want to
• 1:05:47
  call it is just a mouthpiece for the things that we don't like in
• 1:05:51
  the world. And they're no longer
• 1:05:53
  journalists. That's why shouts out to our
• 1:05:55
  boys over at the Bitcoin Bugle for for trolling on this point
• 1:05:59
  that there is no more real journalists in in corporate
• 1:06:02
  press world. They're literally just bought
• 1:06:04
  and paid for mouthpieces for whatever narrative they want to
• 1:06:07
  push on the people. It is all brainwashing and
• 1:06:09
  siopping. Hence why you don't want to
• 1:06:11
  trust, you want to verify it. You need to do the homework
• 1:06:14
  yourself or you're going to get led to the slaughter.
• 1:06:16
  And this is what Bitcoin teaches you. 100% and someone in the
• 1:06:20
  comment fills his Malay brought inflation down to 4% so yeah,
• 1:06:24
  let's protest that woo which I find.
• 1:06:26
  From 150 to 4%. Oh, that's going to hell, man.
• 1:06:30
  Yeah, no, it's it's it's absolutely hilarious.
• 1:06:32
  ANYWAYS, guys, that was the June 20th episode of Simply Bitcoin
• 1:06:36
  Live. If you guys enjoyed the show,
• 1:06:37
  smash the like button. Consider subscribing if you feel
• 1:06:40
  like we provided you value. I'm your host, Nico.
• 1:06:42
  This is my legendary Co host, Optimus Fields.
• 1:06:44
  We're Simply Bitcoin live. We'll be back tomorrow for the
• 1:06:46
  Friday episode, the last episode of the week.
• 1:06:52
  We made it another week and good night.
• 1:06:57
  Well. Because they want to.
• 1:06:58
  Sell. It eventually Michael, I mean,
• 1:06:59
  let's be honest, most of the people who are yes, sure, some
• 1:07:02
  people pass it on to their children, but like most of the
• 1:07:05
  people who are buying assets at some point want to sell the
• 1:07:08
  assets at a profit. So I.
• 1:07:10
  Guess let me say it a different way.
• 1:07:12
  People that use Fiat currency as a store of value, there's a name
• 1:07:17
  for them. We call them poor.
• 1:07:20
  Episode was brought to you by bitcoinwell.com on a mission to
• 1:07:24
  enable independence.