Latest / Simply Bitcoin / Massive Bank Predicts $150k Bitcoin in 2024 | EP 976

Transcript

Massive Bank Predicts $150k Bitcoin in 2024 | EP 976 · Simply Bitcoin

• 0:02
  It's all going to zero against Bitcoin.
• 0:06
  It's. Going on forever, you're.
• 0:15
  Against Bitcoin, you're against freedom.
• 0:22
  Yeah, Welcome to another episode of Simply Bitcoin Live, where
• 0:25
  #1's. Resource for the peaceful.
• 0:27
  Bitcoin revolutionary card breaking news culture matic
• 0:29
  warfare will be your guide through the separation of money
• 0:32
  and say wait ladies and gentlemen, welcome to simply
• 0:34
  Bitcoin the most watched daily Bitcoin live show on YouTube
• 0:38
  rumble annex better said the most watched Bitcoin only
• 0:41
  YouTube live show on Rumble annex Anyways, it's going to be
• 0:46
  a great show. We had a massive bank throwing
• 0:50
  out these crazy predictions and seems like you guys really like
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  the prediction episode, so we like to cover them sometimes.
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  So there there's this analyst from the Standard Bank that
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  predicted that Bitcoin could reach potentially $150,000 per
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  coin by the end of the year, which I mean from like a
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  percentage term thing. It's not that crazy, right?
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  What is that like maybe like a 2X from here roughly a little
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  bit more than that. So and things are a little bit
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  different, obviously because of the ETF and because of just
• 1:26
  clown world accelerating the deficit spending happening here
• 1:30
  in the US. It's a lot of people in the
• 1:32
  market is anticipating that the Fed is going to, you know, lower
• 1:35
  rates towards the end of the year.
• 1:37
  The money printer goes goes Burr once again and that tends to be
• 1:40
  good for Bitcoin. So we have the video for you
• 1:43
  guys to play it. And then another topic that I
• 1:46
  want to talk about. It's a topic that plays close to
• 1:48
  my heart and it's a theme that we play on.
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  It's a theme that we talk a lot about on simply Bitcoin Live,
• 1:54
  which is this idea that we are living through the great
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  disintermediation, the disintermediation of information
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  and the disintermediation of money.
• 2:03
  And the largest broadcasters in the world actually did a show
• 2:09
  together. And of course, I'm talking about
• 2:11
  Joe Rogan and Tucker Carlson. Now, before anyone gets like
• 2:15
  upset about that, it's like by numbers, these two are the most
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  popular content creators, broadcasters, podcasters on the
• 2:24
  face of the planet, including getting significantly more
• 2:29
  numbers than the legacy corporate media.
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  And this is something that we've been hammering home over, you
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  know, these last couple weeks or so, this idea that no, this last
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  couple months or so or year really, this idea that you are
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  now the media and on like you are now the media.
• 2:47
  The media isn't the New York Times, the media isn't CNN, the
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  media isn't CNNBC. You are the media.
• 2:54
  And because you are the media that that comes with a great
• 2:56
  deal of responsibility. Even if you don't have a really
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  big following, the fact is that social media has given you a
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  platform, it's given you a voice where before you didn't really
• 3:06
  have one. So what I would say is leverage
• 3:09
  that power. So anytime you know you, we get
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  these attacks because that's really what they are from the
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  legacy media, whether it's the New York Times.
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  Article The Wall Street. Journal article, You know
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  politicians, you know the the Treasury Secretary or you know
• 3:25
  the central bankers. Basically gaslighting everyone
• 3:28
  and blaming everything and anything and anyone but
• 3:31
  themselves for inflation and all these things.
• 3:33
  It's important that you make your voice heard in the comments
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  and say, hey, you know, I'll meme them.
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  Like like the Internet. We have home field advantage on
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  the Internet. And it's really important that,
• 3:45
  you know, we use that to our advantage.
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  So Tucker and Joggen were talking about the rise of
• 3:50
  independent content versus the legacy media.
• 3:53
  Also, technically it was yesterday, but yesterday or say
• 3:58
  today, 13 years ago, Satoshi Nakamoto finally announced that
• 4:02
  he was moving on to other things.
• 4:04
  So he basically disappeared. That was 13 years ago today.
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  Really in the grand scheme of things like not that long ago.
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  Also in other news, we want to cover as well is PayPal is
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  proposing quote UN quote green Bitcoin mining.
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  But I think it's part of something a little bit more
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  insidious that shout out to Mark Goodwin and Whitney Webb
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  actually wrote an article for bit for BMAG and they're kind of
• 4:32
  talking about this. And it's just kind of a
• 4:33
  coincidence that you keep hearing this whole, you know,
• 4:38
  what is a green liner, you know, and and you know, we like to
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  connect the dots here at simply Bitcoin.
• 4:43
  So one of the proposals coming out of Norway, it was like last
• 4:47
  week, essentially they wanted to ban certain data centre you, you
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  literally had the, the, the head of energy, like go on the record
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  and say, like Bitcoin miners are not welcome here.
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  They're associated with emissions.
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  And what's really interesting about that is that again,
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  Bitcoin mining, like the vast majority, no, all of Bitcoin
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  mining in Norway is powered by quote, UN quote renewable energy
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  sources, but they still wanted to ban it.
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  And I, I think that this whole green thing and this whole
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  renewable energies really what it is, it just provides air
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  cover for politicians stepping in and basically getting to
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  dictate what energy use is OK and what energy use is not OK.
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  And it's incredibly important now that you're the media Anon
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  that you call it out for what it is.
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  It is tyranny, it is control, it is collectivism, right?
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  That that's what it is. You know when a government steps
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  in and says OK, you know, because the Bitcoin miner really
• 5:52
  what it is, it's just it's like a, it's like a high energy using
• 5:56
  toaster, like it really does. It just emits hot air in the
• 5:59
  back and you know, it comes hot air comes out of the back.
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  You know, it uses energy. But when the government steps in
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  and gets to say what energy use is OK and what energy use is not
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  OK, that's a problem. And what they've done is they've
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  kind of psyopped a lot of people into thinking, oh, wow, these
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  are the good guys. And the reason that they're the
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  good guys is because they're for green stuff.
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  And therefore, you know, the environment and therefore all
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  these things. And that's kind of like this
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  justification. They're hiding behind this
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  veneer of moral virtue in order to justify these, you know,
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  these these tyrannical actions, right?
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  I don't want to live in a world where the government gets to
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  decide what energy use is okay and what energy use is not okay.
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  And not to mention the fact that I would even like, I would even
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  go on a limb and say that Bitcoin mining is actually going
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  to be one of the main catalysts for innovation in renewable
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  energies because Bitcoin mining makes renewable energy viable
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  without the need of government subsidy, right?
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  So it's really important to like not get psyoped here because you
• 7:11
  might have that aunt or that uncle that's like, yo, this,
• 7:15
  this Bitcoin mining stuff, it's a waste of energy, blah blah
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  blah, proof of stake, blah blah blah.
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  And it's important that you step in and you say like, no, you're
• 7:23
  armed with the truth. You're armed with the facts and
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  you're able to, you know, rebuttal them in real time.
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  Guys, this is narrative trench warfare.
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  We played you guys a video 2 videos yesterday of an MMA
• 7:35
  fighter talking about Austrian economics and we played you guys
• 7:38
  a video of an anchor on Fox Business literally telling you
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  that the Federal Reserve is only benefiting rich people.
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  So we're definitely making progress, but we're not quite
• 7:49
  there. So it's important to keep up the
• 7:51
  pressure. Arm yourself with the truth, arm
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  yourself with the facts. Become a sovereign individual,
• 7:55
  take Bitcoin into self custody. And if enough of us do it, we'll
• 7:59
  win any worries, no more delay. I do want to buy legendary Co
• 8:02
  host who's always optimistic, kind of like a smile.
• 8:05
  Today stole my two Viva Bitcoin hats.
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  I won't. Forgive him.
• 8:10
  Optimus Fields how you doing? Bro, you don't.
• 8:12
  You don't wear hats, bro. These are mine now.
• 8:14
  These are my hats, man. Everything's good.
• 8:16
  Well, you'll, we almost made it through another week.
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  It's Wednesday. Happy hump day, everyone.
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  And what, man? Bitcoin.
• 8:22
  Bitcoin's running. You know, the sun is up.
• 8:24
  Things are great. Life couldn't be better on a
• 8:26
  Bitcoin standard. I don't see why people complain
• 8:29
  out there. We have the tools to live a
• 8:31
  happy life. Now it is saving in Bitcoin.
• 8:34
  It is, you know, using Noster it it's it's literally getting good
• 8:38
  food. Like the plan is so simple,
• 8:41
  guys, The follow through may be harder, but everything's great
• 8:43
  on a Bitcoin standard. Anyways, on that note, let's
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  bring in our guest today, Nico. We got Derrick Ross, Noster
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  advocate, creator of Noster plebs.com.
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  So we kind of have a theme this week, man, we've been talking
• 8:54
  about Noster a lot this week, so we're going to double down on
• 8:58
  that. But anyways, Derek, how you
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  doing this morning? Amazing.
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  Happy to be here. Happy to be apparently joining
• 9:05
  your Noster talk week. You know, that's great.
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  Thanks for having me guys. Awesome, man, Awesome.
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  Yeah, man, this is, this is good.
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  I, I actually caught Odell on Bitcoin veterans last night.
• 9:16
  I, I just finished it this morning and man, Odell just
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  going so hard on everyone still on Twitter.
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  So I'm glad that we're continuing the Noster
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  conversation. He has become such an Noster
• 9:27
  evangelist like over the past year.
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  In the beginning he wasn't too active.
• 9:31
  I'll say beginning like a year and a half ago, he wasn't too
• 9:34
  active on Noster. But once he got it and he went
• 9:36
  full hardcore Noster, like he understands it and he pounds
• 9:39
  that purple drum every single chance he gets.
• 9:42
  Absolutely love it. Yeah, dude.
• 9:44
  And, and it's also come like a really long way.
• 9:47
  So you know, I remember when and I'm not gonna name any specific
• 9:50
  apps or anything. Like that primals the go but.
• 9:54
  You. Know you know.
• 9:55
  It it is, it is the what makes primal so great is the fact that
• 9:59
  it has a built in wallet. It it, it just makes zapping and
• 10:03
  no brainer, right? Like you can just exchange value
• 10:06
  for value. You can do all your Bitcoin
• 10:08
  tips, payments, you know, all your zaps, everything all in the
• 10:11
  same app. It just makes it just makes it
• 10:14
  so much easier to do. Yeah, I mean, and also like so
• 10:18
  yes, it has a built in wallet, which is awesome.
• 10:21
  But also it, it the the UI like it, it's significantly improved
• 10:27
  kind of like the user experience and cause like people have to
• 10:32
  remember like it's, it's working completely differently than
• 10:36
  Twitter. That's just kind of like the
• 10:37
  central entity. So usually when something
• 10:39
  centralized you, you have like this total control over creating
• 10:43
  like the most sweet user experience because it's all
• 10:46
  coming from like a centralized server.
• 10:49
  But like, you know, when you're working on top of Noster, you're
• 10:52
  you don't have that advantage playing for you.
• 10:55
  So things work a little bit differently.
• 10:57
  It's like the the on the user experience side, it feels, you
• 11:00
  could almost make the argument that it feels a little bit more
• 11:02
  clunky, but I love what primal. I love what primal.
• 11:06
  Did is that it it it to? Really improved a lot of that
• 11:10
  clunkiness and made it go away. And it feels like very similar
• 11:14
  to the, the, the X experience, the Twitter experience in a way.
• 11:17
  It's very, very close. And I, I'm, I'm highly enjoying
• 11:21
  it. I, I tell Opti this all the
• 11:23
  time. You want my unfiltered thoughts.
• 11:26
  I'm pretty active on Noster. I try to post at least once a
• 11:29
  day, like go to go to my Noster. Profile bro.
• 11:33
  Go to my Noster profile, go to nicomoran@primal.net.
• 11:37
  You don't know you're NPUB. You can't recite.
• 11:40
  That like. No, no, I don't go to Nico
• 11:43
  Miranda, go to nicomiranda@primal.net.
• 11:46
  And yeah, I mean, it's, it's, it's such a great, like awesome
• 11:52
  experience and, and I don't really care.
• 11:54
  I just like just put on my thoughts.
• 11:56
  Like I just put my thoughts on and I just don't get, I just
• 11:58
  send it out and then people ZAP me for my thoughts.
• 12:01
  It's, it's, it's, it's a great, it's very different.
• 12:04
  It's great. It's it's very different to
• 12:05
  Twitter. Twitter, Twitter's become like a
• 12:08
  little bit more corporate. It's become a little bit more
• 12:10
  business. Y you know, they had the
• 12:13
  terrible censorship. For a while.
• 12:15
  And it came out that they are working with the US government
• 12:19
  to censor certain type of political speech, which was
• 12:21
  absolutely nuts and crazy. The Twitter Files and then that
• 12:25
  crazy interview with Mike Benz and Tucker.
• 12:27
  So I mean that can't really happen on Oster.
• 12:30
  Like there, there there is no one to tap on be like yo censor
• 12:33
  this person or throttle this person.
• 12:35
  Like that doesn't work on there and.
• 12:38
  And if one client or one relay decided they wanted to do that,
• 12:41
  because that that absolutely could happen, right?
• 12:43
  Like let's say for example, Primal, since we were talking
• 12:46
  about it, if they wanted to censor you for some reason,
• 12:49
  that's fine. Primal can do that because
• 12:52
  there's dozens of other clients, there's hundreds of other
• 12:55
  relays. You can run your own client, you
• 12:57
  can run your own relay, you can be sovereign over your social
• 13:00
  graph. So no one can censor you.
• 13:02
  People can censor you, but you can't be censored across the
• 13:06
  whole entire protocols because it's open.
• 13:09
  You can't just be othered like you can't just be deleted off
• 13:11
  the face of the planet with which is like currently how you
• 13:16
  know, the current system, like the current platform works.
• 13:19
  I mean, and, and to be fair, and a lot of people give me crap for
• 13:22
  this, but you know, Elon's done a Dang, he's done some
• 13:25
  incredible work on, on, on Twitter for free speech.
• 13:28
  But because it's a centralized entity, you know, he's getting a
• 13:34
  tremendous amount of pressure from governments worldwide,
• 13:37
  Europe, Brazil, the United States, like EU, even the US
• 13:41
  government, right? They're just, they hate this
• 13:43
  guy. You know, they're like, no, we
• 13:46
  can't have in millions upon in millions upon individuals
• 13:50
  communicating peer-to-peer. We can't have that.
• 13:53
  That's that's a danger to democracy.
• 13:56
  Elon also does some interesting things with with Twitter that
• 13:59
  are kind of censorship related. You know that I like to say that
• 14:03
  Elon likes to be Noster's like chief marketing officer because
• 14:08
  he likes to advertise and do things that promote openness and
• 14:12
  promote the open protocol of Noster and the censorship
• 14:15
  resistance of Noster. Like whenever Elon made changes
• 14:19
  to Twitter's API and a year and a half ago whenever Elon
• 14:23
  threatened to ban linking your Facebook, Instagram, Noster,
• 14:27
  LinkedIn profiles and the things he's done with, you know,
• 14:31
  limiting free speech. Was it in India or Turkey or
• 14:34
  both? One or the other before, You
• 14:36
  know, like Elon he. Doesn't have a choice.
• 14:39
  That's what I'm saying like in the in the I1, sorry to
• 14:41
  interrupt you, but in the Indian one that was the Indian
• 14:44
  government that put pressure on him and but he says he.
• 14:47
  Complied. How could he not?
• 14:49
  It's a centralized entity. That's what I'm trying to tell
• 14:51
  you is like. That's my point.
• 14:53
  So he complies, and then he advertises the reason that
• 14:56
  Noster is good, because that can't happen on Noster.
• 14:59
  Yeah. And and I mean, and I also think
• 15:01
  that like that also puts a massive target on, you know, on
• 15:07
  nosters back and it puts a massive target on bitcoins back.
• 15:11
  And we all have to kind of zoom out and really understand what
• 15:15
  it is we're living through, you know, as a species, as mankind,
• 15:20
  we're. Slowly.
• 15:21
  Transitioning from the industrial age to the
• 15:23
  information age, that's what's happening.
• 15:26
  And the great disintermediation is happening on the information
• 15:30
  front and on the money front. And these these, these nation
• 15:34
  states that have been used to operating in a certain way,
• 15:38
  including the United States, they're freaking out.
• 15:42
  They're like, holy crap. People are just like doing their
• 15:44
  own research. And then they're just not tuning
• 15:46
  into Fox or CNN and just listening to, you know, the
• 15:50
  accepted narrative like this is unacceptable.
• 15:53
  This is crazy. Don't.
• 15:54
  Trust the experts, Nico. Don't trust the wait.
• 15:57
  Go trust the expert. Sorry, it's.
• 15:59
  Just it's just nuts. And then it creates and it
• 16:01
  creates an environment where a big portion of the population
• 16:04
  starts to become critical thinkers because they start
• 16:06
  doing their own research. And I think that's very
• 16:08
  dangerous to governments that have been operating in a certain
• 16:12
  way, right? So anyways, guys, it's gonna be
• 16:15
  a great show. We give you a pretty long
• 16:17
  opening kind of discussion, but before we jump into the show, I
• 16:21
  do want to give a very special shout out to the Bitcoin company
• 16:25
  that powers the show. And of course, I'm talking about
• 16:28
  Bitcoin. Well, buy Bitcoin on Bitcoin.
• 16:31
  Well, self custody by default, future proof your money.
• 16:34
  That's right. When you buy Bitcoin on Bitcoin,
• 16:37
  well, it's automatic self custody.
• 16:40
  You can't buy Bitcoin on Bitcoin.
• 16:42
  Well, unless you're going to take self custody.
• 16:44
  You have to put your address, you buy it, it goes directly to
• 16:47
  self custody. And that perfectly aligns with
• 16:50
  the simply Bitcoin ethos of the separation of money and state
• 16:54
  because after all, self custody is the revolution.
• 16:57
  Guys support custody by default. Platforms like Bitcoin, well,
• 17:02
  it's the first one in the United States.
• 17:04
  All you got to do to get started is go to bitcoinwell.com/simply.
• 17:08
  You put in your e-mail. Oh wait, the updated the
• 17:10
  website. There you.
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  Go, that's right, Look at that beautiful website by Real
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  Bitcoin on bitcoinwell.com/simply.
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  All you got to do is you go to the website, you put in your
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  e-mail and you get started. The verification is incredibly
• 17:26
  fast, it's easy, and guys, I absolutely love this platform.
• 17:32
  Go check it out anyways, all right, everybody, let's let's
• 17:36
  move on to the numbers. We have a lot to talk about
• 17:38
  today. Let's check it out.
• 17:38
  Here we go. The Bitcoin numbers.
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  Right. And then you don't have to
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  explain to your grandchildren why you lost your generational
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  wealth. That'd be horrific.
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  Could you imagine 30 years down the road and they're like,
• 19:10
  grandpapa, are you gonna, are you gonna give us your Bitcoin?
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  It's like, no, I lost it 'cause I put it on paper for some
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  reason. Well, don't put yourself in that
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  situation. Get yourself a stamp seed kit.
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  And if you use promo code simply you have 15% off at the time of
• 19:24
  recording the Bitcoin price is 65,250 stats per dollar 1533.
• 19:29
  The market cap of Bitcoin one 1.28 trillion with AT decline
• 19:34
  from all time high 11.5%. That means guys you got a
• 19:38
  discount. Pause the show right now go to
• 19:40
  bitcoinwell.com/simply and start sacking those sweet sweet
• 19:43
  Satoshi's block height 840,670 thousand having estimate March
• 19:49
  16th 2028 realized monetary inflation 1.72%.
• 19:53
  But this is my favorite number after the.
• 19:56
  Halving. It's just going to keep cutting
• 19:58
  cut in half. Forever, forever, Laura.
• 20:00
  Forward monetary inflation .85% Take that Christine Lagarde,
• 20:05
  take that Jay Powell. Wow, Bitcoin's inflation rate,
• 20:09
  it's beautiful, and it's going to get cut in half four years
• 20:12
  from now. Even even more beautiful.
• 20:13
  Annual mining revenue $14.2 billion money supply 19,689,377
• 20:24
  Bitcoin currently the circulating supply.
• 20:29
  All right, everybody. So I do want to tell you, Nika.
• 20:31
  Sorry, I know you get mad when I cut you off, but there is a new
• 20:35
  number in there. Go to the Clark Moodys dashboard
• 20:38
  and there's a good number of Bitcoin priced in gold.
• 20:42
  I absolutely love that number They updated.
• 20:44
  Or I don't know where that where I.
• 20:45
  Can barely read this going up up here.
• 20:47
  Bitcoin. Pricing gold, we have added it
• 20:49
  to favorites. There you go.
• 20:50
  There you go. Bitcoin pricing gold 28 oz.
• 20:54
  That's a special one. And should we do the Bitcoin
• 20:57
  versus gold market cap as well? I think we should definitely add
• 21:00
  that one as well, just to kind of rub it into.
• 21:02
  Peter Schiff's face OK, awesome. All right everybody.
• 21:05
  So the Bitcoin hash rate, I, I want to talk about this because.
• 21:12
  You know, Bitcoin's kind of special in the sense that, you
• 21:15
  know, price the hash rate, the hash rate continues to make all
• 21:18
  time high after the having that tends to be a good sign.
• 21:22
  And the reason it tends to be a good sign is because it takes a
• 21:26
  tremendous amount of money to deploy miners, especially if you
• 21:32
  start to do it on a large scale. So when the hash rate goes up,
• 21:36
  goes parabolic like it has been, that tells me that the smart
• 21:40
  money that people that are looking for kind of like a
• 21:43
  longer term play in Bitcoin are extremely bullish about its
• 21:48
  future. Even with the halving, right?
• 21:51
  So miners are literally making half of what they were making
• 21:55
  like a month ago. Hash rate continues to make all
• 21:59
  time high. And this is kind of it's a
• 22:02
  little bit. Some people might not feel good
• 22:05
  when I say this. Some people might disagree, but
• 22:07
  I come from the school of thought that hash rate leads
• 22:10
  price. Some people might disagree with
• 22:11
  me. Here is the infamous China band,
• 22:14
  by the way. You see this kind of fall off a
• 22:16
  Cliff for the audio listeners. The Bitcoin hash rate literally
• 22:20
  dropped by 50%. And again, that was right when
• 22:24
  that was happening, right during Bitcoin's parabolic rise.
• 22:28
  So that was in the middle of the bull market that that happened
• 22:31
  and the hash rate dropped 50% and the price followed.
• 22:34
  Right. But you know, within nine
• 22:37
  months, the hash rate recovered, the price recovered, it kind of
• 22:40
  did like this double top. But I really think that this,
• 22:43
  the first initial mining ban really took the momentum out of
• 22:46
  Bitcoin, but it's gone parabolic ever since.
• 22:49
  And that just tells me that these miners just a lot of look,
• 22:53
  we, we told you about the Kingdom of Bhutan, right, where
• 22:57
  they had 100 megawatts worth of mining capability and capacity.
• 23:02
  And they increased it from 100, they increased it to 600.
• 23:07
  And this was happening when the halving was around the corner.
• 23:10
  So just to kind of give you an idea, look, if people didn't
• 23:13
  feel optimistic about Bitcoin's future, then this wouldn't be a
• 23:18
  case. And and let let's compare it
• 23:20
  with everything else, right? So let's let's put on Bitcoin
• 23:23
  cash in here, let's put Monero, let's put Z cash, let's put BSV.
• 23:28
  You see those little lines on the bottom that you could barely
• 23:32
  see that is the hash rate of those other coins.
• 23:38
  And as you can tell, they've literally just gone sideways,
• 23:41
  right? So even let's put Doge in here,
• 23:44
  right? Let's put Dash.
• 23:46
  You guys get the general gist of it, right?
• 23:49
  Bitcoin has the by far the most amount of computational power
• 23:54
  actively mining and therefore kind of protecting the network.
• 23:58
  And that's what makes it the most secure.
• 24:00
  Anyway, Nico, I'm colorblind. I can't even see those.
• 24:03
  Like dude. They're on the chart.
• 24:05
  They're they're literally so tiny brother that like they're
• 24:08
  literally tiny little. I'm joking.
• 24:09
  I I can see you, Mike. They're literally tiny little
• 24:11
  specks, bro. OK, anyways, so 13 years ago, 13
• 24:16
  years ago, Satoshi Nakamoto announced he moved on to other
• 24:21
  things. So it was April 23rd, 2020.
• 24:24
  Eleven, I'd have few other things on my mind, as always.
• 24:27
  One is, are you planning on rejoining the community at some
• 24:30
  point? Code reviews?
• 24:32
  Or is your plan to permanently step back from the limelight?
• 24:34
  I've moved on to other things. It's in good hands with Gavin
• 24:38
  and everyone. I do hope your Bitcoin J
• 24:41
  continues to be developed into an alternative client.
• 24:44
  It gives Java devs something to work on, and it's easier with a
• 24:47
  simpler foundation that doesn't have to do everything.
• 24:50
  It'll get critical. It'll it'll get critical mass
• 24:53
  when implemented, new users can get started using it while the
• 24:56
  other one is still downloading the blockchain.
• 24:59
  So very kind of interesting. I've moved on to other things,
• 25:02
  you know, never kind of heard from.
• 25:04
  Satoshi again. Anyways, this is the video on.
• 25:06
  What I wanted to talk about, and it kind of relates to the theme
• 25:09
  that I was talking about in the beginning of the show in regards
• 25:12
  to the disintermediation of information and
• 25:15
  disintermediation of money, right?
• 25:18
  And it's very exciting times, just like it was predicted in
• 25:21
  the book The Sovereign Individual, the Internet would
• 25:24
  enable this. It would connect the world on a
• 25:27
  mass scale. And here you have currently the
• 25:31
  two most popular broadcasters on the face of the planet
• 25:35
  discussing this exact topic. Let's check it out.
• 25:38
  What's interesting is that there are people saying that now and I
• 25:42
  think that's a relatively new thing in terms of mainstream
• 25:46
  media. It's and I consider what you do
• 25:50
  on X mainstream media. I mean, this is what we're on
• 25:53
  right now is essentially mainstream media.
• 25:55
  It used to be, you could call it, there's corporate controlled
• 25:58
  media. I agree.
• 26:00
  And and that used to be mainstream media.
• 26:03
  Mainstream media used to be CNN. It's not really anymore.
• 26:07
  The mainstream media is what in terms of the volume consumed,
• 26:12
  more people are consuming things on Twitter on X than there are
• 26:15
  on anything else. They're they're consuming
• 26:18
  information through the Internet, through YouTube, for
• 26:21
  good or for bad, whether it's correct or incorrect.
• 26:24
  They're consuming information in in different forms now than ever
• 26:28
  before. So more people are saying what
• 26:30
  you're saying than have ever said it before.
• 26:33
  And when, when people lie and when people bullshit in
• 26:37
  gaslight, it's more offensive now than it's ever been before
• 26:40
  because there's so much access to truth that it's just, you
• 26:43
  could see it now if you're paying attention, if you're
• 26:46
  you're not a boomer who only reads the newspaper, you, you
• 26:49
  pay attention and you see it and you go, this is horseshit.
• 26:51
  But it's. It's like, I guess what bothers
• 26:54
  me is that the lies aren't sophisticated.
• 26:57
  No, I mean, I look back over my now sort of long life and I'm
• 27:01
  recognizing all the times that I was lied to.
• 27:03
  But you know, I didn't know I was being lied to.
• 27:05
  They kind of pulled it off. There's something incredibly
• 27:08
  insulting and demeaning to tell me a lie when I know it's a lie.
• 27:14
  And you know, I know it's a lie. We both know it's a lie, but
• 27:17
  you're demanding that I pretend to believe it.
• 27:20
  What you're really saying is I have no respect for you.
• 27:24
  You're like my dog. You're a slave like I'm
• 27:28
  demanding that you participate in my lie.
• 27:32
  And OK, what they just said just.
• 27:35
  Uncovered so much in the short amount of time OK and what the
• 27:41
  reason that's happening the reason that's happening and and
• 27:45
  they kind of touched upon this a little bit is because they used
• 27:49
  to be able to get away with it. And then all of a sudden right
• 27:53
  you have the masses kind of awakening, awakening and saying
• 27:57
  like, wait a second like you're telling me that inflation is
• 28:02
  going down but things are getting more expensive.
• 28:05
  Like what are you telling me? This is why they tried to, they
• 28:11
  tried to release the the part of Homeland Security, the
• 28:14
  disinformation, the disinformation.
• 28:17
  Board, right? This is why the US government
• 28:20
  was tapping on Twitter to certain certain censor certain
• 28:24
  types of speech. They were doing that with
• 28:26
  YouTube as well, is because they were losing their ability to
• 28:30
  control the narrative on a mass scale.
• 28:33
  And if you're this massive behemoth of an operation, right,
• 28:39
  the US government employs 10 million people.
• 28:41
  It's a giant bureaucracy, right? And you've been used to being
• 28:45
  able to convince your populace. I mean, imagine, remember back
• 28:48
  in 2000 with the weapons of mass destruction, right?
• 28:51
  And if you've been used to being able to operate in that fashion,
• 28:57
  and then all of a sudden, kind of like the zoomers or
• 29:00
  millennials on TV are just flipping through TikTok and
• 29:03
  they're saying, like, yo, Joe Rogan is saying those aliens are
• 29:06
  effing real, bro. You know, like they're saying
• 29:09
  that this inflation stuff is bullshit.
• 29:11
  Like, yeah, I mean, if you've been used to operating a certain
• 29:15
  way and all of a sudden people are just fact checking you in
• 29:17
  real time, like you're Elizabeth Warren saying some stuff and
• 29:21
  you're getting community noted. You're Christine Lagarde and
• 29:24
  you're getting community noted in real time telling you that
• 29:26
  CBDCS aren't really necessary. They could actually lead to some
• 29:30
  tyrannical BS like yeah, if you were the people in power, I
• 29:33
  would hate that too, right? Like I would be pissed off.
• 29:36
  I'd be like, no, we have to go back to the old system.
• 29:39
  The problem that they have is that when once you open that
• 29:43
  box, like it's not going back in.
• 29:45
  Like we're not going backwards in this sense, right?
• 29:48
  Even if they do end up like Co opting Twitter and capturing
• 29:52
  Twitter, again, in a sense, this is where you have protocols like
• 29:55
  Noster, good luck. You're not going to have the
• 29:58
  ability to to censor dissensing speech.
• 30:03
  And then that inevitably becomes a forcing function.
• 30:08
  And I'll add the disintermediation of money into
• 30:10
  this in a second. And the reason it becomes a
• 30:12
  forcing function is, is because if you can't censor it, you're
• 30:16
  forced to have to debate it. But if what you're advocating
• 30:20
  for is so horrific that you can't even stand behind it with
• 30:24
  good arguments, oh, you can't really force people.
• 30:28
  The stuff that you wanted to force people that you wanted to
• 30:30
  force people, you wanted to force feed people on before and
• 30:33
  now include money into all of this, right?
• 30:36
  So that's just information, right?
• 30:38
  The battle for that is happening right now.
• 30:40
  We're like in the thick of things.
• 30:41
  I think it's going to start to escalate more and more.
• 30:43
  But what's going to happen in the next 5 to 10 years is that
• 30:47
  people are going to wise up and they're going to say just how
• 30:51
  they're seeking alternative sources of information.
• 30:55
  They're going to start seeking alternative sources of money.
• 30:58
  And here's the thing. That is their source of power.
• 31:02
  That is how they fund the whole thing, right?
• 31:05
  So how do you think they're going to react to that?
• 31:07
  They're not going to react very good to that, are they?
• 31:09
  They're going to be like, holy shit, you know, people are
• 31:12
  waking up to this reality and this is where it comes down to
• 31:16
  us. Remember, remember what Joe and
• 31:18
  Tucker was just saying? Remember, we've been saying you
• 31:20
  are the media now, Anon, like you have the ability leverage
• 31:24
  the Internet to get your message out.
• 31:26
  Now what I think is going to happen is I think that they're
• 31:30
  not going to like this very much.
• 31:32
  As more and more people start to say, you know what, we don't
• 31:36
  need more efficient payments, which is what we're trying to
• 31:39
  convince, what you're trying to convince us of, to kind of
• 31:42
  launch these CBC's. What we really need is the money
• 31:47
  that is censorship resistant and can't be debased.
• 31:50
  And here's the thing, they can't offer you that because if they
• 31:54
  were to offer you that, the whole racket, the gig, them
• 31:57
  waving effing flags of a foreign country in Congress and
• 32:01
  celebrating sending another 16 billion dollar, $60 billion of
• 32:05
  which we can't afford, all of that goes away like that, right?
• 32:10
  So this is the separation of money in state.
• 32:13
  But you know, after this, I would say this isn't just the
• 32:16
  separation of money in state. This is the separation of
• 32:19
  information and money and state. That's what's happening.
• 32:22
  That's what we're living through.
• 32:24
  It's extremely exciting because I think once we get over the
• 32:27
  bump and people start to come to the realization that these
• 32:32
  forever wars are funded by Fiat, They're funded by the dollar.
• 32:38
  I, I, I think, I think you're going to have a peaceful
• 32:41
  revolution on the streets. And I think you're going to
• 32:43
  start to see a lot of people in a mass scale start to not only
• 32:48
  ask for another system, but just take action and opt out
• 32:51
  entirely, right? Anyways, that's my take.
• 32:53
  Opti, what's your take on all this?
• 32:55
  Yeah. Well, first I, I do kind of want
• 32:57
  to touch on the, the Satoshi quote and the fact that he left
• 33:01
  thirteen years ago. You know, the first thing that
• 33:03
  kind of came to mind was like, I, I really wonder what other
• 33:06
  things Satoshi is doing right now.
• 33:07
  Not that I really care what like who he is.
• 33:10
  It's just it'd be interesting to know like what, what he finds
• 33:13
  more interesting than Bitcoin. And then there's one thing there
• 33:16
  that didn't age well, and everyone in the chat is kind of
• 33:19
  talking about it. But the last thing he signed off
• 33:21
  was like Bitcoins in good hands with Gavin Andreessen, and that
• 33:25
  just didn't age well. I think if you know anything
• 33:28
  about Bitcoin, you know that one didn't age well.
• 33:30
  Anyways, going back to that clip, there's a few things in
• 33:34
  there that I really enjoyed and you know, I, I told Nico about
• 33:37
  this and he's like, no, I didn't, I didn't catch that
• 33:39
  clip. And, and it's really something
• 33:41
  we've been talking about here on simply Bitcoin for a while is
• 33:44
  that we are the culture now, guys like we are the media.
• 33:46
  peer-to-peer communication is super important.
• 33:49
  And I think we need to not underestimate the power we have
• 33:52
  as every one of us is communicating peer-to-peer.
• 33:55
  Even if you're on Twitter, you know, it's still peer-to-peer
• 33:58
  communication. You can have these debates,
• 34:00
  these arguments, you can pass information to your friends and
• 34:03
  family and SB, you know, Bitcoin really been ahead of the game.
• 34:07
  I think now we're what like the delay from what we say getting
• 34:11
  onto quote UN quote mainstream media is like a couple of months
• 34:14
  now, Nika. So we're doing a pretty good job
• 34:17
  here spreading the signal. Obviously, Joe Rogan and Tucker
• 34:19
  Carlson aren't watching simply Bitcoin, but it just goes to
• 34:22
  show that that we, you know, are on top of the signal and you
• 34:25
  just love to see it. And then another thing, Joe says
• 34:29
  what we say all the time here, rather what I say all the time
• 34:32
  here on the show is and, and he said it perfectly, you know,
• 34:35
  corporate controlled media. That is what legacy media is.
• 34:37
  I think anyone that watched simply Bitcoin knows that we
• 34:40
  constantly hit on that same framing.
• 34:43
  We, we always talk about the idea of that.
• 34:45
  What you're coming out from the, the big news outlets.
• 34:48
  It's, it's all corporate propaganda.
• 34:50
  And once you see it, you can't Unsee it.
• 34:53
  And it really just goes back to what we've been saying all the
• 34:57
  time, like we really have the the ultimate power right here.
• 34:59
  We we constantly quote the Mike Benz, Tucker Carlson interview
• 35:03
  that I highly suggest everyone go watch.
• 35:05
  If you haven't watched this, it really is mind opening.
• 35:08
  But you know, again. And then kind of just, oh, oh, I
• 35:12
  did write a note down and I and I want to play it again because
• 35:15
  Tucker Carlson actually not play it again.
• 35:17
  I want to bring this up. Tucker Carlson hit on this and
• 35:19
  we always constantly reference this quote here and I I don't
• 35:23
  know how to say his name. Nico, I I know you're.
• 35:25
  Better at saying his name. So Alexander Schwartz and
• 35:28
  essentially this you have to give a little look at a context
• 35:30
  of who this person was. So he wrote this book called the
• 35:33
  Gulag Argo, and essentially it kind of exposed.
• 35:38
  All the, all the atrocities that were happening in, in the Soviet
• 35:43
  Union. And it's very interesting and
• 35:45
  the New York Times kind of plays into this as well 'cause there
• 35:48
  was, by the way, I really recommend this movie, it's
• 35:51
  called Mr. Jones. But essentially in the, in the
• 35:54
  early days of the Soviet Union, the New York, there's this
• 35:58
  correspondent called Walter Durante, right?
• 36:02
  And he was based in Moscow and he was called Stalin's guy.
• 36:07
  And essentially he would tell the Western world the approved
• 36:12
  narrative of, of what was happening in the Soviet Union.
• 36:17
  And it was only after many, many decades that it was exposed that
• 36:20
  this guy actually covered up the whole, the whole lumidor, which
• 36:24
  essentially was this, this mass famine of the Ukrainian people,
• 36:30
  millions of people died. And the guy actually provided
• 36:33
  air cover. And you know what publication he
• 36:35
  used to provide air cover, The New York Times.
• 36:37
  And, you know, he won a Pulitzer for it, just like the author who
• 36:42
  wrote that Iraq had weapons of mass destruction, which turned
• 36:46
  out to be false as well. She won a Pulitzer Prize for
• 36:49
  that as well, right? It's kind of, you know.
• 36:50
  History doesn't repeat what it often rhymes, and his Pulitzer
• 36:54
  Prize, Walter Durante still hasn't been pulled away.
• 36:57
  I highly recommend watching this movie called Mr. Jones.
• 37:00
  And it's about a reporter that actually went into the Soviet
• 37:03
  Union, actually reported on what was actually going on.
• 37:07
  And it's he was murdered for it. They they killed him for that.
• 37:11
  So just to kind of give you an idea of how long the legacy
• 37:14
  media has been doing this, You can make a good argument on
• 37:18
  that. Anyways, so I'm getting
• 37:19
  sidetracked. Alexander Schwartzenitsyn wrote
• 37:21
  a book called The Gulag Archipelago.
• 37:23
  And he was he was a Soviet citizen.
• 37:26
  He wrought in World War 2, he was captured.
• 37:29
  They sent him to the the quote UN quote gulags.
• 37:32
  The reason it's called the Gulag archipelagos is these massive
• 37:35
  camps all over kind of like Siberia, the cold parts of
• 37:38
  Russia and he and the Gulag Archipelago.
• 37:42
  He started basically describing the insanities of communism,
• 37:47
  like the fact that they are just lying, the inefficiencies, the
• 37:50
  fact that they are just murdering people.
• 37:52
  And he really just uncovered that for the world to see.
• 37:56
  And I highly, highly recommend that book.
• 37:58
  He had a tragic life. He ended up dying from cancer.
• 38:01
  But you know, he did write this book that left this legacy that
• 38:05
  really opened the eyes of the West to the atrocities that was
• 38:09
  actually happening in this totalitarian state.
• 38:13
  Anyway. So this is a very famous quote
• 38:14
  that he that he wrote. And he says, we know you're
• 38:16
  they're lying. They know they're lying.
• 38:19
  They know we know they're lying. We know they know we know
• 38:22
  they're lying, but they're still lying.
• 38:24
  And just kind of apply that to what is happening in in the
• 38:30
  corporate media and what is happening in the West today,
• 38:33
  right. Yet on yesterday's episode I I
• 38:36
  called the New York Times the kind of American version of
• 38:39
  Pravda, which was the Soviet Union's official newspaper.
• 38:43
  But that's essentially what they are.
• 38:45
  Like I, I, I showed. You guys a headline yesterday, I
• 38:48
  forget, it was like it was like Dylan Leclair or something like
• 38:52
  that. I posted.
• 38:53
  It was basically like, look like, you know, inflation is a
• 38:56
  good thing. You know, like all these crazy
• 38:59
  headlines like they try to convince us that, you know,
• 39:01
  Bitcoin miners are bad for the environment.
• 39:04
  So like again, like this is a quote UN quote.
• 39:06
  This is quote, UN quote the paper of record.
• 39:08
  This is these are perfect quote UN quote professional
• 39:11
  journalists. And I think what the Internet
• 39:13
  has uncovered, which is what Tucker and Joe Rogan were
• 39:17
  talking about, is that they're nothing more than professional
• 39:20
  propagandists. That's what they are.
• 39:22
  These these organizations, that's what we've discovered.
• 39:25
  Like, you know, me and Opti kind of we were like, there's
• 39:28
  absolutely no way that we're more accurate in our reporting
• 39:32
  than these legacy media institutions.
• 39:34
  We're just two like millennials that just started a YouTube
• 39:38
  channel. There's absolutely no way.
• 39:40
  But what we've come to uncovered over the last like, you know,
• 39:43
  three or four years that we've been doing this is that holy
• 39:47
  shit, like these people are lying.
• 39:49
  Like they're really not in, they're not in the business of
• 39:51
  telling the truth and reporting the facts.
• 39:54
  They're really in the business of propagating narrative,
• 39:57
  acceptable narratives, you know, but I think people are waking up
• 40:00
  to that fact. And I think this is the quote
• 40:02
  that Tucker was trying to reference when he was talking.
• 40:05
  To to to Rogan. Yeah, 100%.
• 40:07
  Or rather, I don't know if he was trying to.
• 40:09
  He just straight up said it. But before I pass it up to
• 40:12
  Derek, who is a noster advocate, I just, I, I, I would be remiss
• 40:16
  if I didn't add to the idea that even Joe Rogan is dunking on
• 40:20
  boomers. So you got layoff me for dunking
• 40:22
  on boomers. Anyways, Derek, jump in.
• 40:24
  What? What's your thoughts on all
• 40:25
  this? Well, I I think that this all
• 40:27
  plays together perfectly with what Noster actually is.
• 40:31
  You know, Nico was talking about, you know, censorship
• 40:33
  resistant technology and money, you know, which is Bitcoin and
• 40:38
  talking about legacy media, corporate media.
• 40:41
  And that's exactly what Noster fixes because we can't truly
• 40:45
  have the ability and the freedom to transact until we have the
• 40:52
  freedom and the ability to communicate.
• 40:56
  So Noster is that communication layer because right now, for
• 40:59
  example, if I wanted to send money to you, Opti, or to you,
• 41:03
  Nico, I would maybe message you on let's say Twitter or you
• 41:06
  know, Facebook, Instagram, whatever, whatever medium,
• 41:09
  whatever platform I would use. And I have to assume that I'm
• 41:12
  talking to you, that the message isn't getting intercepted, that
• 41:16
  you are actually sending me your Bitcoin address or your
• 41:19
  lightning address. There's no cryptographic proof,
• 41:23
  there's no identity that isn't controlled.
• 41:26
  And Noster gives us that where we are in control of our
• 41:30
  identity, we are in control of our communication.
• 41:33
  I can communicate with you and then I can use my free speech to
• 41:37
  transact. So Noster and Bitcoin have this
• 41:40
  beautiful relationship. But then beyond the transacting
• 41:44
  beyond Bitcoin, right? Like we're still using the
• 41:47
  majority of people that understand this, that understand
• 41:51
  that legacy media is, you know, corporate controlled media.
• 41:55
  They're still using their tools. They, they right that that's
• 41:58
  that's the same thing as saying we recognize that they're lying
• 42:01
  and they continue to lie. Well, we we recognize that these
• 42:04
  corporate entities are bad and then we still use their tools.
• 42:08
  Noster literally fixes all of that for us and gives us
• 42:12
  censorship resistant tools for communication and in for media.
• 42:17
  Like it's so, so much more than just, you know, a, a, a Twitter
• 42:22
  clone or a Twitter alternative, right?
• 42:24
  There's so many more things like audio communication and videos
• 42:29
  and blogging and creating like it's Noster is so much more than
• 42:34
  that. And I really want people to
• 42:36
  really understand that it enables us to take back media
• 42:42
  from these legacy platforms and legacy entities without just
• 42:48
  saying that we, we should do it. It literally gives us the tools
• 42:51
  to do it. So, you know, I, I really think
• 42:54
  that people that understand that the problems with corporate
• 42:57
  media, you know, need to look into other tools out there that
• 43:00
  allow them to play outside of these controlled narratives and
• 43:04
  controlled boxes. So your speech can't be used for
• 43:08
  propaganda, right? You're in control of your own
• 43:11
  speech again with Noster. I think that's the key, right?
• 43:15
  The key is you can't be censored, right?
• 43:18
  You can't be censored. It's not like, oh, you know,
• 43:21
  Elon took over the pro the the the platform.
• 43:23
  So it's a little bit more pro free speech, whatever, whatever,
• 43:28
  But still you can you can be censored.
• 43:32
  You can be the platform. Still, you can be the platformed
• 43:35
  on on all these social media platforms versus.
• 43:39
  You know on Noster you can't, right?
• 43:41
  You cannot like you're there, right?
• 43:43
  It's. It's not going anywhere, right?
• 43:45
  And I think that's really, you know, the, the, the advantage of
• 43:49
  of these protocols, including Bitcoin, including Noster, is
• 43:53
  that you can't like, you can't just censor someone.
• 43:55
  You can't stop them from transacting.
• 43:58
  And you could say you can make an argument that money is a form
• 44:00
  of speech, right? So yeah, I think it's incredibly
• 44:03
  important what you just said. And I think that is as
• 44:06
  governments become more tyrannical, as governments
• 44:09
  continue to try to hold on to their monopolies on information
• 44:13
  and money, I think these freedom tools like Odell calls them, I
• 44:17
  think they're going to dramatically increase in
• 44:20
  popularity because people are. Just.
• 44:22
  They're just going to, they're just going to say look like, I,
• 44:24
  I, I look like. You're trying to force feed me
• 44:27
  something, but I that still doesn't mean I'm not going to
• 44:29
  believe it. Like if you're trying to force
• 44:32
  feed me something, that tells me even more that I shouldn't
• 44:34
  believe it, right? Anyways, we got Brian De Mint in
• 44:37
  the chat anyways. All right, everybody, let's get
• 44:40
  to the news. We have a lot to talk about
• 44:41
  today. Let's check it out.
• 44:42
  Here we go. The Daily News.
• 44:48
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  Check out the Passport by Foundation Devices.
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  You could scan the QR code or you could check the link in the
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  video description. Let's get to today's news.
• 46:16
  So. Let's talk about started
• 46:19
  starter. Standard Chartered, which is
• 46:22
  the, the bank that apparently, you know, this, an analyst made
• 46:27
  this prediction from again, guys, when a public company or
• 46:31
  someone associated with a public company starts making these
• 46:35
  types of predictions and they start, you know, kind of saying
• 46:38
  these things about Bitcoin tells you two things thing #1 is that
• 46:43
  that company probably stands to benefit from number go up.
• 46:47
  So what exposure do they have to Bitcoin?
• 46:49
  Do they own a lot of MicroStrategy?
• 46:51
  Do they own a lot of these ETFs? Are they offering this to their
• 46:54
  clients? You don't just say this for
• 46:56
  free. Like you don't just go, oh, I
• 46:59
  think Bitcoin's going up 150. I think Bitcoin's going 150 K
• 47:02
  cause blah, blah, blah, blah, blah.
• 47:03
  Like it isn't just some add on on Twitter, you know, posting
• 47:07
  price predictions, it's someone who is associated with a
• 47:10
  publicly traded company, this being a publicly traded bank
• 47:15
  called Standard Chartered. So anyways, I'm going to play
• 47:17
  you guys a clip. Here.
• 47:19
  It is. We actually posted it on the
• 47:21
  simply Bitcoin simply Bitcoin Twitter account, which by the
• 47:25
  way, you guys should follow. It's one of the best news
• 47:27
  aggregators out there right now. Anyways, let's check it out.
• 47:31
  Bitcoin leverage positions were liquidated, so the market is now
• 47:35
  looking much more square going into the halving, if you like,
• 47:38
  in terms of leverage. So that's very helpful.
• 47:41
  So hopefully we can get through the halving tonight, get some
• 47:44
  slightly more positive news out of the Middle East, which would
• 47:47
  be fantastic. And I suspect that can then see
• 47:50
  Bitcoin start to retrend higher. I'm still looking for $150,000
• 47:55
  by the end of this year, so less important on the halving, but
• 47:58
  from where we are now, it's starting to look like we can
• 48:01
  push higher again. I'm going to reiterate what you
• 48:03
  just said with Bitcoin trading below 65,000, your year end
• 48:08
  forecast 150,000 per coin for Bitcoin and 200,000 by the end
• 48:13
  of 2025. What are the specific reasons
• 48:17
  for your your expectations that we'll we'll see a a notable lift
• 48:21
  from here? So part of it is those ETF
• 48:25
  inflows, as I mentioned, they've stalled for now, but I
• 48:28
  anticipate going from the start of this year to when the ETF
• 48:32
  market in the US is mature, we'll get between 50 and $100
• 48:35
  billion of info. So, so far we've had 12 billion
• 48:39
  as I mentioned earlier. Now I suspect that can now
• 48:42
  happen over about an 18 months to 24 month period when that
• 48:46
  happened for gold, when we went in the US from no spot ETF
• 48:51
  market in 2004 to that market gradually maturing the price of
• 48:55
  gold multiplied by 4.3 times. So that could get us to that 150
• 48:59
  to 200,000 ranges sort of input. Number one, input #2 is over
• 49:04
  time, when you have enough investors, our investors are
• 49:08
  fully sighted in terms of the Bitcoin exposure, which hasn't
• 49:12
  been the case before the ETFs. But over time, if we get those
• 49:16
  ETF flows in, that should be where we end up in terms of a
• 49:20
  portfolio between Bitcoin and gold, you should get to about
• 49:23
  80% gold, 20% Bitcoin. And for that, even if gold
• 49:27
  prices were to go sideways, again, that gets you to that 150
• 49:31
  to $200,000 mark in in terms of Bitcoin.
• 49:34
  So there's a few factors that are all driving to roughly the
• 49:37
  same level. I think medium term, if we get
• 49:40
  to 200,000, because of the institutional flows as well,
• 49:44
  it's much more likely that Bitcoin won't have a large
• 49:47
  retracement, which it did have in previous cycles.
• 49:49
  So again, that halving cycle story becomes slightly less
• 49:53
  important. Jeff, we could talk all our.
• 49:56
  So I mean, I'm going to pass it on to the panel.
• 49:59
  I mean, that's a pretty good analysis.
• 50:01
  You know, it is speculation at the end of the day, but it's
• 50:05
  just so interesting 'cause, you know, before the people that
• 50:08
  used to do that were just, you know, and on Youtubers, right?
• 50:12
  And now you have. You have, you know.
• 50:15
  People that are part of these large.
• 50:17
  Financial institutions kind of, you know, speculating on the
• 50:21
  future prices of Bitcoin and stuff.
• 50:24
  And you know, I find that fascinating.
• 50:26
  Like, boy, has this industry matured.
• 50:29
  Have we come a tremendously long way?
• 50:32
  And I still think the best is yet to come.
• 50:34
  I, I, I, I, you know, I think hyper bitcoinization.
• 50:38
  And I remember I was talking to Jeff Booth on, on, on simply
• 50:42
  Bitcoin IRL and he was just, we were just basically talking
• 50:46
  about hyper bitcoinization. We were talking about this world
• 50:49
  on a Bitcoin standard and guys, I've been in Bitcoin for a
• 50:52
  pretty long time, eight years now, and I still like, it's
• 50:56
  unimaginable for me. Like, you know, like we can talk
• 51:01
  about it, we can theorize it, but it's still kind of like, you
• 51:05
  know, it's still unimaginable because we have nothing to
• 51:10
  compare it to. You know, we've been fighting
• 51:13
  for this for so long, but we like to document every single
• 51:17
  one of these moments. And they're absolutely historic,
• 51:19
  right? The Fox News anchor yesterday,
• 51:21
  the MMA fighter, you know, you have you have the
• 51:25
  disintermediation of of information.
• 51:27
  You have Joe Rogan, Tucker, you know, you have Tim Poole
• 51:30
  basically, you know, talking about Bitcoin, how he has
• 51:32
  exposure to Bitcoin. So it's like slowly but surely,
• 51:37
  you know, the mainstream consciousness is kind of waking
• 51:40
  up to the benefits of NGU. And you have someone who's
• 51:44
  associated with a publicly traded bank, you know, making
• 51:49
  price predictions saying that, you know, he he, he expects hit
• 51:52
  the price of Bitcoin to be at 150 K by the end of the year,
• 51:56
  which is absolutely bonkers, but at the same time not really
• 52:00
  surprising if you understand bitcoins incentives.
• 52:03
  Anyways, we have 1000 people watching live between YouTube
• 52:08
  and X and we have another 60 or so of you guys watching us live
• 52:13
  on Rumble. So if you guys are enjoying the
• 52:15
  show, make sure to smash that like button Really, really helps
• 52:18
  with the algos. We got 115 likes, 119 likes on
• 52:22
  YouTube. Those are rookie numbers We can
• 52:24
  get the we can get up to 150 really, really helps push the
• 52:27
  orange signal forward. So anyways, I'm going to pass it
• 52:30
  on to Opti and then we'll get Derek's opinion.
• 52:33
  Yeah I want to I want to cover this comment right here by Keith
• 52:36
  This is great he goes I love opium, especially from trad five
• 52:39
  guys in the sweater vest I love it but on that note, that's
• 52:44
  absolutely bearish 150K by the end of the year yes it sounds
• 52:48
  great who I don't know where the price is going, but just love to
• 52:51
  hear them start to speculate on Bitcoin.
• 52:53
  It makes the rounds out there. Shouts out to people that still
• 52:56
  watch the legacy corporate press.
• 52:58
  You know, everyone knows the base of the boomers.
• 53:00
  So, hey, if they catch the FOMO bug, I'm all for it.
• 53:03
  But I did see this tweet. Nico, let me pull this up by
• 53:08
  Charles Edwards. And this is something we've been
• 53:10
  kind of covering for a while. And these are the numbers.
• 53:12
  Here's Charles Edwards. He's from, I don't know how to
• 53:15
  say, his company, Caprioli. I think Capriole, he's got a
• 53:19
  fund and it basically trades Bitcoin.
• 53:22
  He's got a lot of good metrics on his site too.
• 53:23
  And he goes the Bitcoin having is priced in.
• 53:25
  He should have it like all capped, all weird, but so many
• 53:29
  or so few people really understand the math coming out
• 53:33
  of here and what happens after the having and he's got this
• 53:36
  chart here and goes Bitcoin price performance 365 days after
• 53:39
  the having. And again, I'm extremely color
• 53:41
  blind, so I can't really tell which one's which, but we got
• 53:44
  having one. I'm pretty sure it's this one.
• 53:46
  The the the top one we have having two with the blue mark.
• 53:49
  So the having one epoch 2, 700 or 7645% up on all time highs
• 53:57
  and then having two, it's what is this 292%?
• 54:02
  And then having three we had a measly 266%.
• 54:05
  So kind of doubling down, adding some more metrics the, you know,
• 54:09
  Trat 5 guy and a vest is basically saying that we will
• 54:11
  see similar numbers to having two and having three with, you
• 54:14
  know, A200X increase, which would basically be what like a 2
• 54:20
  1/2 time increase. Yeah, it's like a 2X.
• 54:23
  So you know, in what was the, I forget what epoch 3 is, is that
• 54:27
  2020? It was almost a 3X last year or
• 54:32
  rather last epoch we got, you know, 2 1/2 X.
• 54:36
  So within these numbers, I think it's very safe to say that we
• 54:41
  will get an epic run by the end of the year.
• 54:43
  As people are saying in the chat, we have seven months to
• 54:46
  basically break or at least get to 150 K, which is roughly a 2
• 54:50
  1/2 X from here. And I I think that's yeah, join
• 54:53
  my fan group. I think that's very conservative
• 54:57
  in in my opinion. But you know, what do I know?
• 55:00
  All I know is Infinity divided by 21 million stack as many
• 55:04
  stats as humanly possible. This is the way and love to see
• 55:09
  the Patagonia vest guys on television start to speculate a
• 55:12
  little bit, even if they are bearish.
• 55:14
  You know, I'll I'll take it. So who knows where the price is
• 55:16
  going, but all we do know is that number will go up and all
• 55:19
  you really should care about is how many stats you have under
• 55:22
  your control. Make sure you're stacking,
• 55:25
  accumulating as much Bitcoin as as possible, taking it into
• 55:28
  custody. As I keep saying, you're playing
• 55:31
  hungry Hippo with Bitcoin. You want to acquire as much
• 55:34
  Bitcoin as possible, and this is how you win.
• 55:37
  Anyways, Derek, what's your thoughts on the speculation?
• 55:39
  It's an accumulation game, right?
• 55:41
  There's only 2.1 quadrillion sats available.
• 55:45
  You know, I don't know if this is an unpopular opinion or not,
• 55:48
  but price action talk and macro talk is just some of the most
• 55:53
  boring aspects of Bitcoin to me. Like like we know where it's
• 55:57
  going given long enough timeline.
• 56:01
  But it, it is cool, I guess to see some type of validation from
• 56:08
  traditional legacy financial institutions that all the
• 56:11
  boomers and all of their wealth are currently tied up in, right?
• 56:14
  It kind of gives us validation because no one stacks SATS, no
• 56:19
  one buys Bitcoin to lose money, right?
• 56:23
  We do it to preserve our wealth. We do it to opt out of
• 56:27
  financial, the current financial system.
• 56:29
  We do it to grow our wealth and maintain our wealth.
• 56:31
  So it is nice to see validation on that because we're humans and
• 56:36
  we like to see that. But you know, number wise, I
• 56:41
  have no clue where it's going. I don't have a crystal ball.
• 56:45
  If I did, I would use it to go back in time when I was mining
• 56:48
  Bitcoin in 2009 and and to stay with it.
• 56:52
  I wouldn't use it for current day, you know, price
• 56:55
  predictions. It's going up forever, Laura.
• 56:57
  That's probably true and we just need to keep stacking in the
• 57:01
  meantime. And if we get some opium from
• 57:04
  legacy financial institutions that on board our aunts and
• 57:08
  uncles and grandparents and everybody that was bearish on
• 57:10
  Bitcoin before, then that's cool too.
• 57:13
  We get to witness kind of this global game theory, global game
• 57:20
  theory play out with ETFs that actually I think is kind of cool
• 57:24
  that that is actually interesting to me.
• 57:26
  And yeah, like the ticker says below 10 million by 2024.
• 57:33
  Oh, man, oh man, dude. So I, I kind of want to touch on
• 57:37
  that which I think you bury the lead there, man.
• 57:39
  And I and I and I. Caught like the tail.
• 57:41
  The tail end of that conversation before we went on
• 57:44
  air. But so you're mining Bitcoin.
• 57:47
  What year was this? Yeah, so back in the day when I,
• 57:52
  I mean, I still dabble in video games when I was playing a game
• 57:56
  called World of Warcraft back in 2009, I had a friend in the, the
• 58:02
  game, a Guild member say, hey, check out this Bitcoin, you're
• 58:05
  an IT nerd, you're a tech guy, check this out.
• 58:08
  And I downloaded it after a friend told me and I installed
• 58:11
  it and I ran it for months and I had no clue what Bitcoin was
• 58:14
  like. I just, it was Internet money,
• 58:16
  he told me. And I thought that was cool,
• 58:18
  cool Internet money. I like that, right.
• 58:21
  And I mined for, I mean, I don't know, that could have been 3-4
• 58:24
  months or so. All I remember is seeing the
• 58:27
  notification that I had sent and received coins that I had found
• 58:30
  the block, let's say with CPU mining block rewards for 50
• 58:33
  Bitcoin back then. I remember seeing it and after
• 58:36
  three or four months, I said, man, all this thing does is keep
• 58:41
  my office hot and run my computer 24/7 and I have to turn
• 58:44
  it off when I'm when I want to raid.
• 58:47
  Like you know, like I'm addicted to playing Wow right now.
• 58:50
  I want to raid all the time. So let me just uninstall this
• 58:53
  thing. And then I fucked off for a few
• 58:55
  years and then Dogecoin came out and I'm like, hey, that's like
• 58:59
  that Bitcoin thing I used to mine.
• 59:01
  All right, I'll do that again. So I mined Dogecoin in like
• 59:03
  2013. But for some reason I, I, I knew
• 59:07
  the Bitcoin was better than Dogecoin.
• 59:09
  So I sold my Dogecoin for Bitcoin.
• 59:12
  And then, like I remember in 2014, like bear market steps in,
• 59:16
  all of a sudden my value of like my dollar value of my Bitcoin
• 59:20
  starts dropping. I'm like, better sell it, you
• 59:23
  know, and, and I sold and then I didn't care about Bitcoin again
• 59:27
  for like another six years until monetary policy start doing some
• 59:31
  weird stuff in 2020 and start looking into Bitcoin a little
• 59:35
  bit more and, and what money actually was.
• 59:39
  And well, you know, I'm happy to say that I'm here now, but man,
• 59:43
  I, I, I like to joke and say if if Derek from 2009 had maybe
• 59:48
  stayed with it and actually realized what he was doing, you
• 59:51
  know, we'd be doing this podcast from my island or something.
• 59:56
  I. Don't yeah, I mean that that
• 1:00:00
  story is actually something that I've heard like a lot from a lot
• 1:00:03
  of O GS, which is a lot of people myself included, right
• 1:00:07
  like that not 2009, but like I think it was like 2014, 2015 I
• 1:00:12
  was using Bitcoin to. Buy certain goods on the
• 1:00:15
  Internet. Your dogs, right dogs?
• 1:00:19
  And I hadn't, I did not see it as a store of value.
• 1:00:23
  I was just like, oh, like I need Bitcoin to do this thing And I'd
• 1:00:29
  like like, I had no effing idea. And then it wasn't only till,
• 1:00:33
  you know, 2016 that I was like, oh, OK, you know, maybe I should
• 1:00:37
  like, hold on to this. So yeah.
• 1:00:40
  I mean, yeah, it's it's. Just it's it's.
• 1:00:42
  Interesting how that works. I've, I've, you're not the first
• 1:00:45
  person that's told me this, Derek.
• 1:00:47
  I've heard this story many, many times for people.
• 1:00:50
  They, they first exposure to Bitcoin was like very, very
• 1:00:52
  early, but it wasn't until like a couple years down the road
• 1:00:56
  that they're just like, OK, maybe it's a good idea to hold
• 1:00:58
  on to this. I used.
• 1:01:00
  TO11 last comment here. So, so back in the day, I mean,
• 1:01:04
  I guess still today, I used to, when I would disassemble the
• 1:01:10
  computer and build a new computer, whatnot, I would
• 1:01:13
  always take apart the hard drives and I would use the
• 1:01:16
  platters in the drives to make a, a, a, a mirror, basically
• 1:01:20
  like a metal mirror. And I, I like to joke and say,
• 1:01:24
  you know, that sadly, I probably had, you know, millions of
• 1:01:28
  dollars worth of Bitcoin that was turned into a mirror in my
• 1:01:32
  old basement many years ago. Like those, those drives are
• 1:01:36
  very, very long gone. Like I I looked for them years
• 1:01:39
  ago and like they they've been long destroyed and turned into
• 1:01:45
  mere artwork over a decade ago. So there, there's no hope.
• 1:01:48
  I can't go crawl around a landfill like that one dude UK
• 1:01:52
  is doing. Well, I think the community, you
• 1:01:55
  know. Thank you.
• 1:01:56
  It's my donation. Thanks you for your donation for
• 1:01:59
  for everyone else, yeah. Anyways, guys, before we move on
• 1:02:02
  to the culture, I do want to give a very special shout out to
• 1:02:05
  our sponsor, the Orange Palap stock friends who stack sats.
• 1:02:09
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  Bitcoiners on the app. Other like minded individuals.
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  app. You can join it.
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  Opti and I try to message every single one of you guys.
• 1:03:00
  We try to be as active as much as possible.
• 1:03:03
  So if you guys want to connect with other fellow like minded
• 1:03:06
  individuals, fellow Bitcoiners, I highly recommend downloading
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  the orange pill app today again, scan the QR code or check the
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  link in the video description. Let's get to the culture.
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  The daily culture. All right, everybody else, I
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  description. Opti.
• 1:04:15
  Yeah, well. I thought you were going to say
• 1:04:19
  more. I thought you were going to say
• 1:04:20
  more. You did start with your your
• 1:04:23
  Bitcoin rabbit hole story. So I don't want to rehash that
• 1:04:27
  because we just covered it. But I think there is like a good
• 1:04:30
  signal there. And it's kind of the idea that
• 1:04:32
  we talked about before the show that so many people wish that
• 1:04:35
  they could go backwards in time and get into Bitcoin early.
• 1:04:39
  But it's kind of what Nico is saying.
• 1:04:41
  Most of us probably wouldn't have made it if we got in early
• 1:04:45
  and now is most likely the best time or rather the most de risk
• 1:04:49
  time to get into Bitcoin. So maybe as someone has been
• 1:04:52
  around for a while, we'll start there and then we'll go into
• 1:04:54
  Noster and everything you're working on.
• 1:04:57
  Yeah, sure. So, you know, I, I kind of gave
• 1:05:00
  my origin story don't need to rehash that out a few minutes
• 1:05:05
  later. But one, one thing that I, I
• 1:05:07
  like to say is that, you know, looking back, some people will
• 1:05:11
  say, man, do you wish that you would have stuck with it or, or
• 1:05:14
  man, you know, your, how you know your life will be different
• 1:05:17
  or all this other things. And, and I, I like to try to
• 1:05:20
  live my life by saying, you know, it is what it is.
• 1:05:23
  This is how, this is how it should be.
• 1:05:25
  I'm going to make, make the best of what I have now.
• 1:05:28
  Sure, things could have, could have been different.
• 1:05:30
  Sure, I would have liked to have stuck with it and been in
• 1:05:33
  Bitcoin for much longer than I currently am, but I'm not and
• 1:05:36
  I'm making the most of what I I can now doing what I can now to
• 1:05:41
  stack furiously because you know, I know where know where
• 1:05:46
  this is going and where this is headed.
• 1:05:48
  So I, I think that people that are coming around this cycle,
• 1:05:53
  you know, I, I see posts on Doster and, and Twitter and
• 1:05:57
  Reddit and people saying things along the line of, you know, is
• 1:06:01
  now a good time to buy is, you know, sixty $70,000, You know,
• 1:06:05
  how much further is it going to go?
• 1:06:06
  Man, I'm so late, but I want to get in, you know, and I look at
• 1:06:09
  it and say, well, every time somebody starts buying Bitcoin,
• 1:06:14
  they Fast forward, whatever time frame it is, 6 months, a year,
• 1:06:17
  two years, 10 years, whatever. They always say, I wish I would
• 1:06:20
  have bought more. I've never heard once somebody
• 1:06:23
  saying, man, I bought too much like, like you just don't hear
• 1:06:28
  that. So you know, anyone that's
• 1:06:30
  looking to get in now at the beginning of a new cycle, you
• 1:06:35
  know, think what your future self is going to think, you
• 1:06:37
  know, put in a little bit, start stacking.
• 1:06:39
  That's, that's where I'm at it. And that's what I tell my my
• 1:06:41
  friends and family when I try to orange peel them.
• 1:06:43
  I've only been able to do that. I'm calling a couple people,
• 1:06:46
  unfortunately, but I, I think a lot of us are kind of in the
• 1:06:49
  same boat. But that, that, that's boring
• 1:06:52
  Bitcoin talk. Let's let's.
• 1:06:54
  Yeah, let's let's. Pivot the Noster talk.
• 1:06:56
  OK, so why are you such a huge Noster advocate?
• 1:06:59
  And, and I'm super glad that you got on today considering
• 1:07:02
  everything we're talking about. So let's double down on that.
• 1:07:04
  Why are you a Noster advocate? So I joined Noster December 2022
• 1:07:11
  whenever Jack Dorsey had said on Twitter, hey, I want to fund
• 1:07:17
  some things, What open source projects need funding?
• 1:07:20
  And people started recommending different projects like Signal
• 1:07:24
  and Graphene OS and someone said Noster.
• 1:07:26
  And then all these bitcoiners start talking, hey, yeah, Noster
• 1:07:29
  needs funding and what the hell is Noster?
• 1:07:31
  And then Jack Dorsey says, hey, Bitcoin Twitter, you should
• 1:07:34
  check out Noster. And a lot of the ethos with
• 1:07:37
  Bitcoin aligns with what Noster is and what Noster means.
• 1:07:43
  And I dove right in, you know, really understood what freedom
• 1:07:46
  technology meant, what it can mean for the world, what it
• 1:07:50
  means for people outside my social circle, what it means for
• 1:07:52
  people all around the world that live in oppressive, you know,
• 1:07:56
  tyrannical governments and regimes that they don't have the
• 1:08:00
  same privileges and speech that that we do.
• 1:08:03
  So Bitcoin and Tor and now Noster really have these like
• 1:08:07
  symbiotic relationships with one another.
• 1:08:09
  And so let's really start looking into what and social
• 1:08:13
  media really does to people and why Noster can be a breath of
• 1:08:17
  fresh air and why it is good to be able to control our social
• 1:08:20
  graph and control our data. And it's just really, really,
• 1:08:24
  really cool. Think as content creators
• 1:08:27
  yourselves, you sign into Twitter, you sign into YouTube,
• 1:08:31
  you sign in to Rumble, whatever platforms you're using, you have
• 1:08:34
  different followers on every single platform that you use.
• 1:08:39
  And how cool is it that if you were using different ecosystems,
• 1:08:43
  different protocols, that no matter what application you
• 1:08:46
  signed into, all your followers are there, all your content is
• 1:08:50
  all there. You can take it your data and
• 1:08:52
  poured it into whatever client you want to.
• 1:08:54
  That's super, super cool. We can't do that with social
• 1:08:58
  media right now. So Noster ends up being this
• 1:09:02
  social glue that binds all of your apps and all of your social
• 1:09:07
  data together. And just thinking about what
• 1:09:10
  that can mean and how developers can build tools that are all
• 1:09:14
  interoperable together. If one developer adds a cool
• 1:09:17
  feature, another one can incorporate that into their
• 1:09:20
  application. It's just wild we because we
• 1:09:23
  really can't do that permissionlessly today.
• 1:09:25
  And then when we start to do that, you have platforms such as
• 1:09:29
  Reddit or platforms such as, you know, Twitter X that revoke API
• 1:09:33
  access and literally rug all of their developers overnight.
• 1:09:37
  They, they do this all the time. It's wild.
• 1:09:39
  They, they bite the hands that feed them.
• 1:09:41
  Well, you can't have that happen on Noster.
• 1:09:43
  So I, I really fell in love with what Noster can really mean.
• 1:09:48
  And you know, I, I really saw how the same ethos of running
• 1:09:52
  your own Bitcoin node, cause I've ran my own node for years.
• 1:09:56
  And then I can now run my own Noster node.
• 1:09:58
  We call it a relay, but it's just a server the same as a
• 1:10:01
  Bitcoin node, just a server that runs software and you can run
• 1:10:04
  your own and you can be sovereign in your own data.
• 1:10:07
  That's just really, really cool. So I started looking at ways
• 1:10:12
  that I'm not a developer. A lot of people think that I am
• 1:10:16
  because I'm tech savvy and I do some technical things.
• 1:10:21
  My my day, my Fiat job is, you know, I run a bunch of servers.
• 1:10:26
  I'm systems administrator. So I'm not a true like full
• 1:10:28
  stack developer, but I can do little things here and there.
• 1:10:31
  And I, I started looking at ways that I could contribute to the
• 1:10:35
  Noster ecosystem. And I realized that there was
• 1:10:40
  this cool Noster feature that allows you to essentially
• 1:10:44
  register your long end pub that is really hard and complicated
• 1:10:48
  to understand to register it and give it a name, give it an like
• 1:10:53
  an, an e-mail address or a lightning address.
• 1:10:56
  So we call those Noster addresses or a NIP 05 ID, which
• 1:10:59
  is really nerdy and technical. So I don't like to use that
• 1:11:01
  anymore, but I found out that you could give this to any end
• 1:11:06
  pub and they could register it and it could be a, a pointer or
• 1:11:10
  a way to identify and easily search and find people on
• 1:11:13
  Noster. So I created a service
• 1:11:15
  nosterplebs.com where I'm, I'm shilling with this T-shirt right
• 1:11:19
  now. And I started signing up some of
• 1:11:22
  my friends and I thought I was going to have, you know, a dozen
• 1:11:26
  friends or something like that, right?
• 1:11:28
  Like, just getting a few people into it.
• 1:11:30
  And, well, word of mouth started to spread and people started
• 1:11:34
  saying, hey, I want to get that cool Noster address that you
• 1:11:37
  have. Hey, I want hey, where'd you get
• 1:11:38
  that? Hey, how'd you do that?
• 1:11:40
  So I started selling these, like, I initially wasn't going
• 1:11:45
  to sell them. I was just giving them to, you
• 1:11:47
  know, like half a dozen friends. And then people started saying,
• 1:11:50
  hey, can I tip you? Can I pay you for this?
• 1:11:51
  And I was like, Oh well, this is kind of like a business I guess,
• 1:11:55
  OK. And then, you know, Fast forward
• 1:11:58
  a year later, we have like 6000 users that we've registered over
• 1:12:03
  the past year. We have other services that we
• 1:12:04
  offer as well. Just really fell into that niche
• 1:12:10
  of using my Fiat mining skills to an enhance Noster and provide
• 1:12:16
  support for people and help on board as many people as
• 1:12:19
  possible. And then that just LED me down
• 1:12:24
  the path of apparently I like to talk a lot and apparently I like
• 1:12:27
  to talk about Noster a lot and people for some reason like to
• 1:12:29
  listen. So I've been going all over the
• 1:12:32
  world over the past year down to Costa Rica twice to Europe
• 1:12:36
  twice, two more times this summer, talking about Noster and
• 1:12:41
  all these different Noster events and Bitcoin events and,
• 1:12:44
  you know, Bitcoin conferences, just speaking about Noster and,
• 1:12:47
  and how we should on board as many Bitcoiners as possible.
• 1:12:51
  Because if you understand Bitcoin and then the need for
• 1:12:53
  Bitcoin, you know, you should understand the need for noster.
• 1:12:56
  So that's what I've been working on over the past year and a
• 1:12:58
  half. And it's, it's just really been
• 1:13:00
  life changing and, and very, very rewarding at the same time.
• 1:13:05
  I absolutely love it and look forward to being in Prague here
• 1:13:09
  in, in a month and 1/2 at BTC Prague.
• 1:13:12
  I, I, I organized a noster booth for Prague.
• 1:13:15
  So we're going to have the largest booth in the Prague Expo
• 1:13:19
  area where development, you know, dozens of developers
• 1:13:23
  helped contribute. We have a few seed developers,
• 1:13:25
  seed applications that contributed the most to help
• 1:13:28
  fund this booth. And we're going to spend 3 days
• 1:13:31
  in Prague, like trying to purple pill every single attendee,
• 1:13:34
  conference attendee, you know, providing support demos of all
• 1:13:37
  the different apps out there and you know, developers getting to
• 1:13:41
  meet their, their, their users. But then we also have Noster
• 1:13:45
  content on the mainstage and then we have Noster content on
• 1:13:47
  the side stage as well that I've been working on organizing for
• 1:13:51
  the past couple months, getting developers and content schedule
• 1:13:53
  and everything. It's just things I've never done
• 1:13:55
  before. But all because of Noster, I've
• 1:13:57
  been able to do all this and it's just, it's wild.
• 1:13:59
  It's a a a lot of fun and I I hope it doesn't stop because
• 1:14:04
  it's, it's very, very exciting and I can't wait to continue to
• 1:14:08
  do more of this. Hell yeah.
• 1:14:10
  It's awesome dude. Very, very cool.
• 1:14:12
  I think Noster and the Bitcoin movement are synonymous.
• 1:14:16
  I think 1 needs the other. And I think it's, it's
• 1:14:21
  incredibly important to spread the awareness of this protocol.
• 1:14:25
  So shout out to you for doing. We usually say shout out to
• 1:14:30
  someone for doing Satoshi's work, but shout out to you for
• 1:14:33
  doing the JAWS work, the ostriches work, the purple
• 1:14:37
  ostriches work. So yeah, man, it's incredibly
• 1:14:41
  cool. And look, bro, I gotta say
• 1:14:43
  something. Clearly you have an eye for
• 1:14:45
  identifying. Early technologies.
• 1:14:49
  So I'm going to stick with the noster.
• 1:14:51
  I'm not going to abandon it and come back in a decade like I did
• 1:14:53
  with Bitcoin, though. I learned.
• 1:14:55
  I learned my lesson. Oh man, Well, I.
• 1:14:59
  I do have a question, actually there's one question in the
• 1:15:01
  chat. But my question, my favorite
• 1:15:02
  question to ask Noster guys is, do you think Noster can knock
• 1:15:06
  off Twitter's network effect? Probably not now, but I would
• 1:15:12
  say eventually Noster. Noster needs something that is
• 1:15:18
  very exciting and unique. Like we like to say zaps are the
• 1:15:23
  signal, and they are, but not everybody understands value for
• 1:15:28
  value. I would like them to, but not
• 1:15:29
  everybody understands that. I think data portability is
• 1:15:33
  very, very cool and very important, but most people don't
• 1:15:36
  care about that. Decentralization and censorship
• 1:15:39
  resistance is very valuable for the world.
• 1:15:42
  Most people don't care about that either.
• 1:15:44
  So we need some cool app that doesn't exist anywhere else
• 1:15:49
  besides Noster. Once that happens, then I don't
• 1:15:54
  see an issue with, you know, the masses starting to see Noster's
• 1:15:58
  potential. And then maybe a couple years
• 1:16:00
  down the road that happens. Maybe in two years, you know, we
• 1:16:04
  see Elon saying, huh, maybe we should turn Twitter into a
• 1:16:07
  Noster relay. And you absolutely could.
• 1:16:10
  Twitter could become V or X what the hell it's called today.
• 1:16:13
  X could become the most customized Noster client and
• 1:16:17
  Noster Relay where users never see a set of keys in a public
• 1:16:22
  key and private key. Twitter just manages all that
• 1:16:24
  for you on their client and all the content connects to Noster.
• 1:16:28
  Basically think of how Threads now uses the Feti verse or
• 1:16:34
  connects to the Feti verse. Elon could essentially do the
• 1:16:37
  same thing. If he wants to pick a fight with
• 1:16:39
  his buddy Zuck, he could have Twitter interact with, you know,
• 1:16:43
  the Noster protocol in the same the exact same capacity.
• 1:16:47
  Anybody could any any existing application could.
• 1:16:51
  Love it, love it. OK, and then one question in the
• 1:16:53
  chat, this one's from Z Logic. I guess he's having trouble with
• 1:16:56
  his Noster relay so he would like some Noster relay tips.
• 1:17:01
  Join. Primal.
• 1:17:02
  Bro. Oh man, you know, promo's a good
• 1:17:05
  app. I mean, I've I've used the same
• 1:17:07
  relay, my personal relay for like the past year and a half.
• 1:17:11
  I used no stream, but are you are you talking about public
• 1:17:15
  relays or are you talking about, you know, your own personal
• 1:17:18
  relay? I would say everybody can run
• 1:17:20
  their own personal relay. If you use like start 9 for your
• 1:17:22
  Bitcoin node or Umbrel or my node, they have built in relays
• 1:17:25
  that make it point and click really, really easy.
• 1:17:28
  You just install the app and then connect your client to it.
• 1:17:32
  But if you want to use like public relays, I personally use
• 1:17:35
  relayable.org, nos.lolpurplerelay.com.
• 1:17:41
  They're they're great relays. But I also like paid relays too,
• 1:17:44
  because I think that we should pay for services and relay
• 1:17:49
  operators have bills that need paid.
• 1:17:51
  So I think it's OK to pay for some relays and have a mixture
• 1:17:55
  of both. And if you use primal, you know,
• 1:17:58
  they don't have a subscription service yet, but I think they're
• 1:18:00
  going to at some point in the near future.
• 1:18:03
  Damas also has Damas purple and paying, paying for that, you
• 1:18:07
  know, is, is a good way to support, you know, the Damas
• 1:18:11
  relay and the Damas client as well.
• 1:18:12
  Like developers like to eat and have bills.
• 1:18:14
  So ZAP your developers, ZAP your relay operators, pay pay for
• 1:18:19
  things from time to time. Love it.
• 1:18:21
  OK, and one more question. I think this might be a good way
• 1:18:23
  to slowly wind this down. We've got Captain Banana and he
• 1:18:26
  goes, How do you even get involved with Noster?
• 1:18:29
  Oh, man. All right.
• 1:18:30
  So I like to say that everybody on Noster can build in their own
• 1:18:33
  way, right? You have developers that can
• 1:18:35
  build, you have content creators that can build.
• 1:18:37
  You have community builders that can build.
• 1:18:39
  The best way to get involved is, well, to figure out which
• 1:18:42
  category you you fall into and then just do it.
• 1:18:45
  You don't have to ask for permission to build.
• 1:18:47
  You can just go to GitHub, look at the protocol and just start
• 1:18:49
  building your, your application. If you are a content creator,
• 1:18:52
  you can maybe visit flare.puborhighlighter.com and
• 1:18:59
  you know, start posting your, your content there.
• 1:19:01
  highlighter.com is kind of like a Patreon alternative blogging
• 1:19:05
  as well. Maybe obla dot news for
• 1:19:07
  blogging. If you're, you know, a shit
• 1:19:09
  poster or a memer, you know, just just start posting.
• 1:19:12
  Just start engaging. But since Noster doesn't have
• 1:19:14
  any algorithms, the number one piece of advice I can give to
• 1:19:17
  anybody looking to to use Noster so you don't feel like you're
• 1:19:20
  posting into the void. You should engage with people as
• 1:19:24
  possible as often as possible because there are no algorithms
• 1:19:28
  to bring content forward on most clients.
• 1:19:31
  So the user discoverability really sucks and doesn't exist.
• 1:19:36
  So we get back to this human layer where we have to be human
• 1:19:40
  and communicate with one another.
• 1:19:41
  So you need to reply to people that are following you and
• 1:19:44
  comment on your post. You reply to their posts.
• 1:19:46
  You need to let people know that you are there and that you want
• 1:19:49
  to be social with them. Just be a human communicating
• 1:19:52
  with another human. Love it, love it.
• 1:19:55
  OK, Nico, I'm going to give Derek the the last two sets.
• 1:19:58
  So Derek, what is the last message you want to leave with
• 1:20:01
  the audience? Oh, man, I can chill.
• 1:20:04
  OK, All right, so Noster nest.com is my Noster app.
• 1:20:09
  It's a replacement for Clubhouse or Twitter Space as you can go.
• 1:20:13
  You can sign in with your existing Noster account.
• 1:20:16
  You can ZAP people that are up on stage.
• 1:20:18
  You can chat with people in the audience.
• 1:20:21
  Noster, nest.com. Nosternest.com absolutely
• 1:20:25
  beautiful. Yeah, decentralized protocols
• 1:20:28
  for social media I think is the future, and I think it's an
• 1:20:32
  absolute necessity, especially if governments continue down the
• 1:20:35
  road of censorship. Derek, thank you so much for
• 1:20:38
  joining us today on Simply Bitcoin Live.
• 1:20:40
  We really appreciate it, guys. You guys could find Derek on the
• 1:20:44
  interwebs at Derek M Ross and go to nosternest.com to find out
• 1:20:52
  more about his project. Anyways, guys, there's another
• 1:20:55
  episode of simply Bitcoin live. If you enjoyed the show, smash
• 1:20:57
  the like button, consider subscribing.
• 1:20:58
  I'm your host Nico, my legendary Co host Optimus Fields and our
• 1:21:03
  guest for today, Derek. Hey guys, you want to help
• 1:21:07
  spread the peaceful Bitcoin revolution?
• 1:21:09
  Share Bitcoin media, share Bitcoin culture, share freedom
• 1:21:13
  tools like noster nests. That's how we win.
• 1:21:17
  We wake up people. We went over the hearts and
• 1:21:20
  minds of individuals not left versus rights.
• 1:21:23
  It's not red versus blue. It is orange versus green.
• 1:21:26
  Anyways, love you all. We'll see you tomorrow for a
• 1:21:29
  brand new episode of Simply Bitcoin Live.
• 1:21:35
  Episode was brought to you by bitcoinwell.com on a mission to
• 1:21:38
  enable independence.