Latest / Simply Bitcoin / BREAKING: Michael Saylor Now Owns 1% of ALL Bitcoin | EP 950

Transcript

BREAKING: Michael Saylor Now Owns 1% of ALL Bitcoin | EP 950 · Simply Bitcoin

0:03
It's all going to zero against Bitcoin.
0:07
It's going on forever. You're.
0:16
Against Bitcoin, you're against freedom.
0:23
Yo, welcome to another episode of Simply Bitcoin Live.
0:25
We're number one source for the peaceful Bitcoin revolution
0:27
called Breaking News Culture Medic Warfare.
0:29
We will be your guide through the separation of money in
0:31
state. Breaking news ladies and
0:33
gentlemen, Michael Saylor announced another massive
0:36
purchase using his so-called infinite Money glitch, where
0:41
literally he takes debt, buys Bitcoin with it, hit the price
0:46
of his stock, goes up, takes out more debt, buys more Bitcoin
0:50
with it, and it's like this infinite loop.
0:51
Well, he used that infinite loop strategy to finally accumulate
0:55
1% of the total Bitcoin supply. That is absolutely crazy.
1:01
So he currently holds 213,000 Bitcoin, if my memory serves me
1:06
correctly. And again, it's interesting how
1:09
you know the the BlackRock ETF and the micro strategy.
1:12
It's almost as if they're competing a little bit.
1:14
Maybe. Maybe I'm just seeing things.
1:17
Maybe I just 'cause I read the news every single day, you see
1:20
things that are not there. But anyways, I would like to
1:22
believe that who, who doesn't want to compete to have the most
1:25
Bitcoin, right? That's, I mean, I guess that's
1:28
what I would do if I was in Michael Saylor shoes.
1:30
Anyways, in other news, there's a kind of a historic case right
1:34
now currently in the Supreme Court.
1:35
I don't hear a lot of people talking about it, but it's
1:38
Murphy versus Missouri. And essentially the implications
1:42
of this court are really going to determine what the federal
1:47
government's role is in being able to tap social media
1:52
companies to censor content or not.
1:55
And we like to cover any type of freedom of speech related issue
1:59
on simply Bitcoin. And the reason, if you guys are
2:01
new to the channel, the reason that we'd like to cover this on
2:03
a Bitcoin channel is because in the future there's going to be
2:07
two options. There's going to be Bitcoin.
2:08
There's going to be central bank digital currencies, right.
2:11
In Europe, they're moving full steam ahead.
2:13
In the US, they're obfuscating a little bit.
2:15
But we showed you guys the, you know, the information being
2:18
leaked by Tom Edward, Tom Emmer, the GOP Majority Whip, where,
2:22
you know, he literally showed a picture.
2:24
We showed it on yesterday's episode where it said at the
2:26
very bottom of that picture said, you know, the one of the
2:29
Fed's priorities is a central bank digital currency.
2:32
So make no mistake, whatever they're telling you, why would
2:35
they put that, you know as one of their priorities if they
2:37
weren't actively pursuing it. Not to mention all the law fair
2:40
by the anti Bitcoin, you know senators and congressmen and
2:44
women right. So anyways to kind of loop this
2:48
up, if the government, if the state is not OK with you
2:53
speaking freely what makes you think they're going to be,
2:57
they're going to be OK with you transacting freely.
3:00
Freedom of speech is the frontline for Bitcoin and
3:03
something historic happened with when when Elon acquired Twitter.
3:10
I know a lot of bitcoiners are a fan of Noster and I am too.
3:14
It's an amazing protocol. You can't just, you know, censor
3:16
someone. You can't just de platform them.
3:18
But the reality is that the vast majority of the world is still
3:21
on Twitter. Now, the awesome thing about
3:22
censorship is that there's there's an awesome part is that
3:26
when you censor, people seek solutions, right?
3:28
People seek alternatives. So, you know, if, you know Elon
3:32
isn't able to keep up what he's trying to keep up what he's
3:35
trying to accomplish, and he folds, 'cause it is a
3:38
centralized platform, after all. And so much is at stake, you
3:43
know, that's where protocols like Noster come in.
3:45
That's like where protocols like Bitcoin come in.
3:48
But again, in terms of the information narrative trench
3:50
warfare that we talked about all all the time, you know,
3:53
narrative trench Wharf on the battlegrounds of the Internet,
3:56
You know, these types of cases are extremely important because
4:00
again, guys like you have to understand what is happening and
4:04
we've talked about this many times, but essentially the
4:06
Internet disintermediated things.
4:09
It started with the disintermediation of information
4:12
and now it's the disintermediation of money and
4:15
the state. The government used to have
4:17
basically control of those two entities, and they're losing it
4:21
because of the rise of social media, because of the rise of
4:23
Internet usage, and of course because of the rise of Bitcoin.
4:26
So of course they're reacting to that.
4:30
And essentially that's what's going on.
4:32
But anyways, interesting times. I don't think they call it the
4:34
4th turning for no reason, but it should be a great episode.
4:38
And we got a very special guest we got.
4:44
How you doing, bro? I think you muted my friend.
4:49
I'm really not good at this. Happy to be here.
4:53
Did you find the missing tablets in the in the Entropia Ball?
4:56
I did. I finally found them.
4:57
For anyone who doesn't know what this is seed signer, do you mind
5:00
explaining it like in a 1020 second type of?
5:06
Right. So the branding isn't Tropia.
5:08
It's designed to look like some kind of supplement or
5:11
prescription drug, but it is one of the most trustless ways to
5:16
create a private key. So you're selecting one of 2048
5:20
seed words, you know, one after the other out of the jar and you
5:25
want to mix it up and and do it, you know, between each
5:28
selection. But it's basically a lottery to
5:30
create a private key in a very secure and independent way.
5:35
Yeah, and I've used this before. It's absolutely awesome.
5:39
You put all these all the 1024 pieces in a bowl and you just
5:43
mix it and mix it and mix it up. And then you just pick one out
5:46
of the bowl. And then that's how you choose
5:48
your words instead of relying on a random number generator or
5:51
relying on a hardware device. And you have to trust them, you
5:55
know, of course, you know a lot of them say a lot of them, they
5:57
have the open source code and all that stuff.
6:00
But you're still trusting a hardware device versus this.
6:02
You just put all these words in a bowl, literally mix it up old
6:06
school. That's how you get your entropy
6:08
right. So when I saw this, I bought it
6:10
because I thought it was so cool and such a clever way of coming
6:13
up with your 12 to 24 word seed seed words.
6:16
Anyways, I want to bring up my legendary Co host.
6:18
He is smiling today, which means it's going to be a phenomenal
6:20
show. The one, the only, the optimist
6:23
fields. How you doing bro?
6:25
I'm doing wonderful, man. It's a good.
6:27
Day shirt I I want. I love that shirt, dude.
6:30
So it's conservative. No Progressive.
6:32
No Libertarian. No Bitcoiner.
6:36
Yes, I love that I approve this message.
6:41
Yes, this is the way. This is the signal here guys.
6:44
We say it all the time. It's not left versus right, it's
6:46
orange versus green. And you know, Bitcoiners really
6:51
do feel like a constituent with no political party, because
6:55
we're just like completely outside of the Overton window of
7:00
both sides of the aisle, and we really are ushering in a whole
7:04
new paradigm of thinking as far as I'm concerned.
7:07
Politically homeless. Politically homeless?
7:09
Exactly. Exactly.
7:10
Anyways, on the culture, as you guys can tell, we got seed
7:13
signer today. One of the, I think one of the
7:16
coolest hardware wallets out there and we're going to talk
7:19
about where Seed Signer fits and maybe your stack or just the the
7:24
the general stack of hardware wallets today.
7:26
And I'm super hyped to get you on our buddy Wine, who helps us
7:30
on the back end. He's a huge fan of Seed signer,
7:32
he loves what you guys are doing and it's really one of the cool,
7:36
cool, cooler projects in Bitcoin.
7:38
Oh, we got an interesting comment.
7:40
Oh my. Seems like my restream is acting
7:42
up Opti, but could you pull it up?
7:44
It's by UTXO. Yeah, there we go.
7:51
So I think, I think what UTXO is referring to is the Entrop
7:55
Entropia. It says for maximum entropy, you
7:59
should draw only one tablet at a time, return it and mix it again
8:02
before you draw the next one. I agree because they're double
8:04
sided. Remember they're double sided.
8:07
So anyways, that's a really good comment.
8:09
Seems like someone has used it before.
8:11
Anyways guys, before we jump into the show, I do want to give
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Bitcoin price is $24,370. SAT's per dollar 1554 Block
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height 835,387 blocks to having 4613 having estimate April 19th,
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2024 Total lightning network capacity 4474 Bitcoin capacity
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value 287,000,000 U.S. dollars Realize monetary inflation 1.74%
11:36
The total market cap of Bitcoin is currently sitting pretty at
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1.27 trillion Bitcoin versus gold market cap 9.16%.
11:45
In the grand scheme of things, Bitcoin is still a baby.
11:48
Anyways, pause the show right now and stack some sats because
11:51
there is a bit of a dip. But this has happened many times
11:54
throughout Bitcoin's bull market.
11:55
Happens multiple times, 20% dips, 30% dips, sometimes even
11:59
50% dips, even though we haven't seen that in a while.
12:01
But you never know what happens on the Bitcoin roller coaster.
12:04
What's going to happen on the Bitcoin roller coaster anyways?
12:07
So I do want to talk about this. We usually don't talk about
12:09
these types of subjects, but man, I saw, I saw, I I usually
12:14
don't want to show either Glenn Greenwald.
12:17
So he was the reporter that broke the news on Edward
12:20
Snowden. So he led that that that
12:24
original piece, I think that was it, was originally released by a
12:27
publication called The Intercept coming out of the UK.
12:30
But anyways, I was watching him yesterday on Rumble and he was
12:33
talking about this case. Now, what I found fascinating
12:36
about this is that I didn't see it anywhere else, especially
12:41
from the legacy media. Right.
12:43
And why is it a big deal? So the name of the case is
12:46
Murthy Verse Missouri. And here's some fast facts or
12:50
facts of the case. The plaintiffs argue that the.
12:52
And when they talk, when they say the plaintiffs, it's
12:55
specifically, I think it's a couple states.
12:57
So, you know, the plaintiffs argue that the defendants use
13:00
public statements and threats of regulatory actions, such as
13:03
reforming Section 230 of the Communications Decency Act to
13:07
induce social media platforms to suppress content, thereby
13:11
violating the plaintiff's First Amendment rights.
13:14
The states of Missouri and Louisiana also alleged harm due
13:17
to the infringement of the freedom of free speech rights of
13:20
their citizens. The US District Court for the
13:23
Western District of Louisiana granted the plaintiff's motion
13:26
for a nationwide preliminary injunction prohibiting the
13:29
federal government from meeting with social media companies or
13:32
otherwise seeking to influence their content moderation
13:36
policies. Now just back up here for a SEC.
13:40
Because literally in the First Amendment in the United States,
13:45
like literally says Congress shall make no law.
13:49
You know, essentially A bridging speech.
13:52
But like what changed here? Like it it.
13:56
Why is the federal government meeting with social media
13:58
companies in the 1st place and getting them basically
14:02
convincing them what to take down and what what to take down.
14:06
And again if you still don't believe me check out the
14:08
CNBCNNBC article. The headline is FBI and White
14:12
House likely coerce social media platforms into removing posts
14:16
appeals court set of rules. So, and I mean like if if you
14:21
just kind of want to break it down for a little bit and these
14:26
are the same people that are trying to convince you to use
14:27
the CBDCI think that's kind of, you know, it's kind of scary
14:32
man. And then I ran into this clip
14:35
from CNBC and check it out, it's, you know, it's really
14:40
interesting what's being said. And I, I and for audio
14:43
listeners, I I really recommend checking out the video episode
14:47
of this one, just to take a look at the anchor's face when he
14:51
said that. That is life.
14:56
Navalny's supporters have alleged that Putin had him
14:59
killed to thwart an imminent prisoner swap.
15:05
It's tough to to to watch and you just, I mean.
15:08
To listen to it. It is.
15:11
But what? What we were just talking about,
15:13
We like to feel a lot. We like to feel vastly superior
15:17
to the propaganda that comes. But I don't feel vastly superior
15:21
at this point. I don't.
15:23
Coming up, thank. But I did say thank God for
15:26
thank God for Twitter. Thank God for X.
15:28
Did you hear what he said? Did you hear like I have to play
15:31
that again, so? What we were just talking about,
15:35
we like to feel a lot. We like to feel vastly superior
15:39
to the propaganda that comes, but I don't feel vastly superior
15:43
at this point. Coming up, thank.
15:46
But I did say thank God for thank God for Twitter.
15:49
So do you hear what he said? That was the trippiest shit
15:52
ever, He said. I would like to feel superior
15:55
than the propaganda that's coming out of Russia, but at
15:58
this point I kind of don't. And then he caught himself like
16:03
basically saying like, like trying to like stop himself from
16:07
speaking. And then he ended with, thank
16:10
God for X, right, Which goes back to what I was saying in the
16:13
beginning of the show, which is Elon freed the bird, right?
16:16
And I know a lot of bitcoiners feel very strongly about this
16:19
and I do too. I have a Noster account.
16:21
I post to it every single day. I appreciate you guys sending me
16:24
sads. It's freaking awesome.
16:26
But like YouTube, we get this question all the time, me and
16:29
Opti, it's like why don't you post to other platforms?
16:31
We do post to other platforms, we post to Twitter and we post
16:33
to Rumble. But our volume, like, volume
16:35
wise, it's easiest to grow on YouTube.
16:38
That's because the vast majority of the users are there.
16:41
So if you're trying to grow a platform, a media, you know,
16:45
like we are, we're trying to grow a media company, a small
16:46
media company, you have to go to where the users are.
16:49
Unfortunately, that's just, that's just how the game is,
16:52
right. And that's why what Elon did,
16:57
buying Bitcoin, you know, firing like 80% of the staff, then
17:02
releasing the Twitter files which made it removed any shadow
17:06
of a doubt that Twitter went out of its way to censor
17:10
information, censor certain Americans on behalf of the
17:14
federal government like it. It's it's absolutely crazy.
17:19
And in the background these people are are convincing you
17:22
that, yeah, you could trust us with the central bank digital
17:25
currency and we're not going to turn around and use that against
17:29
you. Like, forgive me if I'm
17:32
skeptical of, you know, their claims, and I don't blame them
17:37
because the incentive structure is in place.
17:39
If you're a state and you have a monopoly on violence, and you
17:43
have the power and the influence to manipulate speech for certain
17:48
political end goals like I, does it surprise you that they're not
17:53
going to use that for their own benefit?
17:56
I think what bitcoiners have come to the conclusion to is no
18:01
one should have the power to censor another human being.
18:05
That's why protocols like Noster and Bitcoin are so important.
18:08
Because like, yeah, like your worst enemy could be using
18:13
Bitcoin. There's absolutely nothing you
18:15
could do about it, and I believe the world would be a much better
18:18
place for that. So as Bitcoin gains picks up in
18:23
popularity, as more people adopt Bitcoin all around the world,
18:26
and as the separation of money and state accelerates, and as
18:30
the state not only gets desperate as information is
18:34
being disintermediated, but money is being disintermediated,
18:38
Just keep in mind what's at stake and just keep an eye out
18:42
because you know it it these things don't just happen
18:46
overnight, right? The censorship stuff, the laws,
18:48
they don't just happen or they're they're small little
18:50
increments. And because they're small, you
18:54
get used to it and then it becomes your new normal.
18:56
And before you know it, you know you're starting to justify all
18:58
these crazy things in your head, right?
19:01
So just be wary and be attentive and kind of understand what's
19:04
going on. This is, this is crazy what's
19:07
going on. And it's also extremely
19:09
exciting. And look, I I've mentioned this
19:12
book a million times, but if you guys want to have a rough idea
19:15
of why all this is happening, take a look at the book the
19:19
sovereign individual, they predicted this thing, this, they
19:22
predicted all this like it's been playing out back in the
19:25
90s. So anyways, I want to get seed
19:27
signers. Thoughts on this And then Opti?
19:31
Yeah, the the one thing that keeps coming to mind for me is
19:34
this whole concept of won't be evil versus can't be evil.
19:37
And the way that the conventional social media
19:40
networks are set up, we're trusting them not to be evil and
19:44
not to game the algorithms and not to censor content that they
19:47
don't agree with or think that that is outside of the Overton
19:50
window. And that's as you alluded why
19:53
NOSTER and protocols like it are so important because on NOSTER
19:57
there's it's it's much more on the spectrum towards can't be
20:02
evil versus won't be evil. And so I I just think it in
20:07
terms of free speech which you've alluded is is is so
20:12
sacred, you know in our political system we're losing
20:16
that and people just need to be tuned into the platforms that
20:21
they use and how they may be manipulated because the the
20:24
narrative has shifted towards protecting democracy.
20:28
And we have to protect democracy.
20:31
And the only way to, ironically, the only way to protect
20:34
democracy is to impinge on people's rights, to speak their
20:37
minds freely. But what the real narrative in
20:41
my opinion is going on right now with the protect democracy sort
20:45
of perspective is it's a a specific version of the the
20:49
democracy that is really the entrenched political interests
20:53
in our government and the political class in general.
20:59
The the the political class kind of has this sort of rule that
21:04
once you're in their club you have to be willing to do or say
21:08
anything to stay in the club. And I think that that is so true
21:12
with our political system. I think term limits would fix a
21:15
ton of this. But it it's it's really a sad
21:18
state of affairs and it's a hard place to be right now, as the
21:22
kind of person who's a contrarian is naturally
21:24
suspicious of things because there is so much to be
21:28
legitimately suspicious of in our world, and especially within
21:32
the the American political system.
21:34
That's my percent. No, it's a, it's a great take.
21:37
I 100% agree with you. And yeah, term limits would
21:40
definitely, you know, fix some of these problems.
21:43
And I would say like like, you know, but we really want to move
21:46
the envelope. We really want to make change,
21:48
right. It is an election year and I
21:50
just want to remind everybody, you know, the most important
21:52
vote you can make is taking Bitcoin into self custody.
21:54
Vote with your wallet. It will be the most effective
21:57
course. I think regular voting is
21:59
important. I also think I disagree.
22:02
With that but. I also think civil liability can
22:05
solve a lot of this because look at the recent demand from I
22:10
think it was the Department of Energy for the miners to
22:12
disclose information about their operations.
22:15
That's just a bureaucrat sitting at a desk who decided, probably
22:18
pressured by Elizabeth Warren or other members of Congress
22:21
decided that, oh, this would be a great idea to make this new
22:24
rule where all the miners have to justify their existence and
22:26
tell us everything about their operations.
22:28
And suddenly the mining community, I think was the the
22:32
Texas, I don't know, the Texas Bitcoin counselor, whoever it
22:34
was that sprung to action and challenged this immediately in
22:37
court, like suddenly the onus is on them to protect their rights.
22:42
Now, if you removed the civil liability that bureaucrats don't
22:49
have when they come up with with new laws, if if the miners could
22:53
claim some sort of damages, you know, for a bureaucrat behind a
22:57
desk coming up with a new rule that suddenly puts them in a in
23:01
a very, you know, precarious position.
23:03
If there was some sort of liability attached to that.
23:06
I think a lot of these people sitting behind desks who have
23:09
are not elected and who have been working the federal
23:13
government for years and years and years, I think they would
23:15
think twice if maybe their house is suddenly on the line or even
23:18
their job is some. No, nobody lost their job over
23:21
that BS like there. There need to be consequences.
23:24
And it's the political class at least has the consequence of not
23:28
being elected the next time around.
23:29
But there's so many bureaucrats that we didn't vote for who
23:32
really have no consequences. Not 100%, you know, some people
23:35
call it the deep state, but it's really the administrative states
23:38
right up right up in your grill these days.
23:40
Anyways, Opti, what's your take on all this bro?
23:43
As not a conservative, as not a progressive, as not a
23:45
libertarian, but as a bitcoiner. Well, you know, I can only
23:49
really speak for myself, Nico. But yeah, I mean, we're seeing
23:52
in real time, and I've been saying this for a while that,
23:55
you know, we're calling it the political class, the
23:57
administrative state, what have you, the powers that be,
23:59
whatever nomenclature you want to use.
24:01
We're seeing that they are scrambling to control the
24:04
narratives because they understand that they are losing
24:08
that narrative. And the more they try to attack
24:11
free speech and and and paint it in this like idea of like, oh,
24:15
we must protect democracy, they are really exposing themselves.
24:18
And we always talk about here on the show that, you know, Bitcoin
24:21
is a free speech issue. Last week when we were talking
24:23
about a free speech issue, someone's like, wait, is this a
24:25
Bitcoin show? Why are you guys talking about
24:27
freedom of speech? It goes hand in hand And and the
24:30
question Nika always says is it's like if you see them doing
24:34
what they're doing for freedom of speech, what makes you think
24:36
that they're going to let you transact freely?
24:39
And I think at this point is where we double down on the meme
24:42
of like, Freeman don't ask. It's like we don't need their
24:45
permission anymore. This is very clearly a first,
24:49
First Amendment issue where you have the freedom of speech to
24:53
say what you want. Of course, if you don't cross
24:54
the laws and break the laws and on that note, you don't need the
24:59
permission to transact within their system.
25:01
This is why we're all bit corners.
25:02
This is why we love Bitcoin is because finally we've eliminated
25:05
eliminated those middle men and Nico, did you catch that?
25:08
I I only caught a couple clips but did you catch Don Lemon and
25:13
Elon Musk last night? We're.
25:14
Gonna go down. There, it's horrible.
25:16
Well, I'm just saying like, it's just very interesting when they
25:20
try to control the narrative. How it backfires on them so
25:22
quickly is because it's something I've been saying for a
25:25
while on the show for, I don't know, months now, is that they
25:28
have lost that control of narrative and they they are no
25:32
longer to manipulate the the, you know, the popular culture
25:38
consciousness. And it's just funny how how bad
25:43
they fail publicly about how they, you know, they tried to
25:46
frame things and and put things in certain boxes.
25:49
They try to get Elon like multiple times and.
25:53
He's like, dude, I just want freedom of speech like this.
25:56
Is Don. So Don Lemon was a host for CNN
26:00
and he got let go. And now he's an independent
26:03
journalist and he sat down with Elon for an interview.
26:07
We'll play you guys a couple of minutes of it.
26:08
I highly suggest watching the whole thing.
26:10
It's highly entertaining, but it's basically talking about
26:13
this subject. And essentially there's two ways
26:16
of how this is being looked at. There's, you know, this is free
26:22
speech. Let's allow people to talk
26:23
freely, right? Like, you know, this basically
26:26
how the Founding fathers kind of envisioned the US.
26:29
And then there's the political class and their allies in the
26:33
legacy media that believe that, you know, they are the
26:37
gatekeepers of information. They they've enjoyed that power
26:40
for a very, very long time. The, like I said, the Internet
26:43
kind of disintermediated it. For the first couple years of
26:46
the Internet, no one really cared.
26:47
But when the vast majority of the communications started
26:50
happening in the Internet and they started having like, what
26:54
was happening on the Internet, what was happening on social
26:56
media, actually started affecting elections.
26:59
That's really when, you know, the government kind of turned
27:01
their eye. And of course, the legacy media
27:03
too, right? Legacy media kind of enjoyed
27:06
this, you know, this ability to kind of just say whatever they
27:09
wanted. And now it's kind of like you
27:14
could say that, But if I'm getting told something else
27:16
somewhere else and what I'm getting told is true and what
27:20
you're telling me is kind of a lie, you kind of start tuning
27:22
out to, you know, the thing that's telling you a lie.
27:25
Anyways. So this was go, go ahead.
27:28
No, I was just just a quick thought and I don't know how to
27:30
attribute this quote, but in the absence of truth, the only thing
27:33
that matters is the power to establish the dominant
27:35
narrative. And so that's why this battle is
27:38
so important because for the longest time the the the media,
27:42
the traditional media had that power.
27:44
As you noted, the Internet shifted that and now the
27:46
government is is clawing for that power to to continue to be
27:50
able to establish the dominant narrative which is control in
27:53
our society. 100%, I mean, look, Naimbu Kele said it when he
27:57
wrote that article for Bitcoin Magazine.
28:01
Don't drink the elites kool-aid, he says Their most important
28:03
weapon is their control on truth, right?
28:06
So this is really what's happening right now anyway.
28:08
Anyway, amigo, before you before you play this seed signer
28:11
sparked an idea like Fiat is literally money by decree.
28:14
What does that mean? They need to decree the
28:17
narrative and you guys fall into that narrative for this whole
28:20
thing to work. Hence why the corporate press
28:23
and the powers that be are in cahoots and trying to control
28:27
the narrative is because you need to believe them when they
28:30
tell you that your money is strong.
28:32
Yeah. And yeah.
28:33
And you see this is a great, it's a great, it's a great point
28:36
Opti, right. You see this when they gaslight
28:38
you in terms of the inflation stuff like inflation is coming
28:41
down, your Thanksgiving is cheaper, right.
28:43
And again, they can get away with that if they had total
28:46
control of the media, they can kind of get away with those
28:49
lies. But now like you have the
28:50
president of the United States and you know some Congress men
28:53
and women on both political aisles of both political sides
28:56
getting community noted, right. And you had the, the head of the
28:59
European Central Bank get community noted on Twitter.
29:01
So I understand. Anyways, what we're talking
29:04
about this interview is like a great representation of the two
29:07
sides clashing, right? Let's check it out.
29:10
It's 5 minutes long. We won't have time to play the
29:12
entire thing, but we'll play about a minute or two.
29:14
But Don, you love censorship, is what you're saying?
29:17
No, I don't love censorship. Then why?
29:18
Why are you asking? I believe in moderation, but I I
29:20
don't believe in. Censorship is a it's moderation
29:23
is a propaganda word for censorship.
29:25
But don't you think free speech is one thing, right or not, you
29:28
know? Look, if nothing's illegal,
29:30
we're gonna take it down. If it's not illegal, then we're
29:33
putting out them on the scale and we're bringing sensors.
29:38
You're putting your thumb on the scale for moderating hate
29:41
speech. I mean, you don't put out child
29:44
pornography. That's not it's illegal that
29:47
some people would say that's considered fist shit.
29:48
I'm just saying you. No, I literally, Donnie, I
29:52
literally said if something is legal, OK, we will obviously
29:56
remove it, OK. But if it is not legal, the the,
30:00
the, the laws in this country are are put forward by the
30:02
citizens. We're a democracy.
30:04
If those laws are put in place by the by the people, we adhere
30:08
to those laws. OK, I agree of others.
30:11
If you go beyond the law, you're actually going beyond the will.
30:14
Of the people, OK, agreed with the law.
30:18
But if you are doing something that promotes hate and violence
30:21
and ultimately leads to killing, you don't feel there's you have
30:24
any responsibility not to do that.
30:28
When, when, when the people who are doing it, admittedly, are
30:30
saying those. Articles all the time that lead
30:33
to to violence and killing, don't they?
30:37
If shouldn't they? It's like you're applying A
30:39
differential standard to. And that's the whole point,
30:42
right? That's the whole point, is that
30:43
they get to control the narrative with the legacy media
30:47
'cause it's only a handful of kind of corporations and
30:49
institutions, but they don't get that same thing.
30:52
And I just want to remind you guys of, again, the clip with
30:56
Joe, right, interacting, like literally catching himself and
30:59
then saying, like, thank God for X at the end.
31:01
So yeah, ladies and gentlemen, this is this isn't only the
31:04
separation of money and state. You can also make the argument
31:07
that we're living through the separation of information and
31:10
the state as well, really, really interesting times.
31:12
Anyways, before we move on to the news, I do want to give a
31:15
shout out to our new merch. And by the way, we appreciate
31:18
everyone putting this really, really helps with the channel,
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helps us stay independent. We just teamed up with a Bitcoin
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31:50
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and you can check out the new collection.
31:56
All right, ladies and gentlemen, let's get to the news.
31:57
We have a lot to talk about today.
31:58
Let's check it out. Here we go, the Daily News.
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All right. Ladies and gentlemen, lots to
33:19
talk about today, but quick ETF update which will lead me to my
33:25
second point, which is it's interesting.
33:28
OPTI. I mean I'm going to say like
33:30
maybe I'm seeing things, but I feel like Sailor is trying to
33:34
keep up with BlackRock, man. They've been going back-to-back
33:38
like maybe I'm seeing things that are not there.
33:40
But of course, little ETF update, BlackRock currently
33:42
holds 237,000 Bitcoin, Fidelity with 134,000.
33:48
And of course MicroStrategy, you know, it's right there, neck and
33:51
neck. You know, they've been kind of,
33:53
you know, been close to each other.
33:56
And of course Michael Saylor has found the infinite money glitch
34:00
and that's what that's what has allowed him to continue to stack
34:04
more Bitcoin. I'll explain to you how it works
34:06
in a second, but this was his announcement earlier on today.
34:10
MicroStrategy has acquired an additional 9245 Bitcoin for 623
34:16
million U.S. dollars using proceeds from convertible notes
34:20
and excess cash for $67,000 per coin.
34:24
As of March 18th, 2024, MicroStrategy holds two 214,000
34:31
Bitcoin acquired for $7.53 billion at an average price of
34:37
35,160. So Michael Saylor is completely
34:42
in the green. He's riding high right now, and
34:45
now he owns more than 1%, a little bit more than 1% of the
34:49
total Bitcoin supply man. So yeah, sailor's going hard.
34:54
Remember, if another massive company, another massive public
34:58
company, wanted to follow the sailor footsteps, they could.
35:02
But they're gonna have to pay a lot more for that Bitcoin.
35:05
I don't know about you guys, but I'm not selling my Bitcoin to
35:08
anyone, right? What are you gonna sell it for?
35:10
For dollars? Like, that's a that's a trash
35:12
trade, right? That's like short term thinking.
35:15
You gotta think long term. There's nothing to sell your
35:17
Bitcoin to. Like, you sell stuff for Bitcoin
35:20
and you stay in Bitcoin, right? Of course you got to pay for
35:23
your necessities. If you need a house, if you need
35:25
food, all that stuff, right? You want to live your life.
35:27
But you know, Bitcoin is savings.
35:29
You want to, you know, keep your wealth in Bitcoin.
35:31
And that leads me to my final point, which is only about, I
35:34
think it's like roughly 2 million or a little bit less
35:36
than two million. Bitcoin are actively being
35:39
traded on exchanges, right? The vast majority of Bitcoin is
35:42
in cold storage. It has not moved right?
35:45
So even if another big player wanted to follow Microstrategy's
35:48
footsteps, there really there literally isn't enough Bitcoin
35:51
to go around. Not to mention, the halving is
35:54
right around the corner. And that's going to inevitably
35:57
lead to a supply shock, right? So you know the demand, let's
36:01
say the demand stays the same. I would say the demand is
36:03
increasing by the day, but let's say the demand stayed the same.
36:06
The natural cell pressure would be coming from the miners that
36:09
would be having to sell a little bit of their positions in order
36:12
to cover their expenses, right? But that is naturally going to
36:16
be cut in half during the halving.
36:19
So that cell pressure is going to get cut in half.
36:21
And what does that 'cause that causes, you know, the boom,
36:25
right. So I think that's what we're all
36:26
waiting for. But this halving's a little bit
36:28
different. And the reason it's a little bit
36:30
different is because never in Bitcoin's history has Bitcoin
36:33
reached all time highs before the halving.
36:36
So we're in a little bit of uncharted territory and that
36:39
kind of that goes back to this previous cycle as well.
36:42
So never has Bitcoin reached all time highs before the halving
36:46
and never has Bitcoin dipped before the all time highs in the
36:50
last in the last bottom, right. So it's never that's really the
36:55
I completely explained that wrong.
36:57
But yeah, how do I explain this? Never dipped below previous all
37:01
time highs. Of the last cycle.
37:04
Yeah, yeah. OK, A lot of words.
37:08
So, yeah, uncharted territory. Shout out to the Chad sailor. 1%
37:13
of the total Bitcoin supply. I feel like that was a personal
37:16
goal for him. Is he gonna go for that 2%?
37:18
Is he gonna be able to get that 2%?
37:20
I don't know, man. I don't know but anything could
37:22
happen in Bitcoin world anyways. Seed signer, what are your
37:25
thoughts on all this, man? So I am most curious right now
37:28
about GBTC and I don't know all the details the the Genesis
37:33
bankruptcy and some of the forced selling that may be
37:36
occurring because I think that's the biggest drag in the market
37:38
right now. I have to assume that some of
37:41
the shares in GBTC that are being sold off or being
37:47
purchased and maybe the BlackRock or some of the other
37:50
ETFs, you know, because they have lower fees.
37:53
But I I don't know if it was back in 2015, 2016, there was
37:56
this meme of the bear whale who just had this instant this huge
38:01
cell wall on. I forget which exchange it was,
38:04
but that was like this big drag in the market for a much shorter
38:07
period of time and GBTC has so much, so much Bitcoin within
38:15
their fund, it's still significant cell pressure.
38:17
I think they still have about $10 billion worth of Bitcoin
38:22
more than BlackRock does and their ETF product.
38:26
And I I'm just eager to see because you were talking about
38:29
cell pressure associated with minors and that they're
38:32
naturally for sellers right now. There's so much cell pressure
38:35
seemingly coming from GBTC that I'm curious to see how long that
38:40
goes on and how low that can go. Yeah, No.
38:42
And that's a really good point. You know there's there's only
38:45
cell pressure until they run out of Bitcoin right to sell.
38:48
So and it's awesome it's we know it and kind of add to your point
38:53
I do want to share the screen a little bit because that's
38:56
exactly what we're seeing. Optic screen please.
38:58
Thank you Sir. Here's a grayscale and there's
39:02
like a little line it doesn't show here.
39:04
Yeah, it does. So as seed Signer was just
39:08
explaining, it just fell off a Cliff.
39:10
Man, their position and mind you, this is 10s of thousands of
39:13
Bitcoin, right, that they're just dumping right now.
39:16
Of course you can make the argument that grayscale sorry
39:19
that BlackRock and Fidelity are, you know, buying it up, but
39:22
that's a tremendous amount of cell pressure regardless.
39:24
So anyways, interesting shout out to Sailor I guess.
39:28
I mean I see a lot of bitcoiners that were upset.
39:31
I don't know about you guys but I'm a I'm a free market maxi
39:34
bro. So you know I think Sailor could
39:37
do what he wants to do and and yeah.
39:39
Anyways Opti what's your take on this bro?
39:41
Is Sailor buying all the Bitcoin?
39:43
Did he's buying? All the Bitcoin.
39:45
Well, you know, Sailor knows what we know, man.
39:48
This is a game of Hungry Hippo. The name of the game is
39:50
Accumulation. What did he just say on that
39:52
interview the other day where he was like, we called him poor,
39:55
He's all like. You got to you got to sell it
39:57
for Fiat eventually and. But he's like we have to say.
40:00
Another way we call you go poor. Yeah, but the other thing, he
40:04
was kind of channeling his inner Kaiser there, where he was like,
40:09
he who has the most Bitcoin win. And it's amazing that Wall
40:13
Street hasn't woken up to this idea that the only money and the
40:17
only thing you should be accumulating at this point is
40:19
Bitcoin. Everything else is a Fugazi.
40:21
It's all fake. It's all manipulated.
40:23
It's literally all paper gains and the only people that are
40:27
really playing the game, as I would say in the smart way is
40:31
Bitcoiners, that we're playing Hungry Hippos.
40:32
Like we want to accumulate as much Bitcoin as possible And
40:35
then to seed Sounders Point, you know, a lot of people in the
40:37
chat keep keep saying that like, oh man, like they're
40:40
manipulating the price of Bitcoin so much.
40:42
And like, wow, I'm not opposed to that idea that the Bitcoin
40:46
price is being manipulated. I say it all the time exactly.
40:51
You know, we all know the the Billionaire Playbook.
40:53
Here you FUD Bitcoin. You try to get the price low so
40:56
you can accumulate as much Bitcoin as possible, and then
40:58
finally when your bags are packed.
41:00
He knows that because he dated Chrissy.
41:01
Yes, exactly. Once your bags are packed, then
41:04
you endorse Bitcoin and the price starts to run.
41:07
So I'm not a I'm not opposed to that idea.
41:09
We know this is happening. We know it will happen until it
41:12
no longer is capable of happening.
41:14
But the grayscale Bitcoin and and the, I don't know, the merry
41:17
go round that we're seeing from outflows of grayscale into the
41:22
inflows of all these other ETFs is really interesting because
41:24
they have so much Bitcoin that that's most likely why the price
41:28
isn't moving up as much as we'd like to, even though all your
41:31
models are broken and then back to sailor.
41:34
I mean, destroyed. Yeah, back to Sailor.
41:37
You know, we're saying he just got to 1% of the total Bitcoin
41:41
supply, but let's be honest, it's already more than 1%
41:44
considering there's so many lots of Bitcoin out there.
41:47
So I I don't think anyone else is going to be able to touch
41:50
Sailor's Company's portfolio or balance sheet.
41:54
And you know, BlackRock is is hoovering up so much Bitcoin
41:57
Fidelity. They're taking so much Bitcoin
41:59
off the market. It's just going to be absolutely
42:02
amazing once they're no longer able to keep the price down and
42:05
and how far this is going to actually run.
42:08
And like I said yesterday, I shout out to Brian De Mint for
42:10
quoting me. You know, boom, boomers are
42:12
loving Bitcoin. Wall Street's loving Bitcoin
42:14
right now. They want as much Bitcoin as
42:16
possible. Man.
42:17
It's crazy. Yeah, man, this is, this is this
42:20
is pretty crazy stuff. Anyway, Anyways, guys, buckle
42:23
up. Take your Bitcoin into self
42:24
custody. The bull market is just getting
42:27
started. It is going to blow your mind
42:29
these next two years or so. It's going to be absolutely
42:32
bonkers. All right, ladies and gentlemen,
42:33
let's get to the culture to talk about seed signer.
42:37
We have a lot to talk about today.
42:38
Let's check it out. Here we go, the daily culture.
42:49
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All right, Opti, it's all you, dude.
43:32
I mean, dude, I love, I love that name.
43:34
We got that sponsor because we just kept saying kaboom racks at
43:38
that mining conference. Well, well, well, Seed Signer
43:42
rolls off the tongue pretty good.
43:44
All right, all right. All right.
43:45
So we got our boy seed signer here today, the creator of seed
43:49
Signer. I have your website here.
43:52
We can kind of go through the website a little bit, show what
43:54
you guys are building. But I really want to start with
43:57
what we were talking about before we even started the show
44:00
of where does seed signer fit into the hardware space?
44:03
I know you guys are kind of like battling for your position out
44:06
there. There's a lot of people that
44:08
saying oh why would you need to see seed signer and I think it's
44:12
it's one of the cooler projects out there.
44:13
So maybe TLDR what seed signer is and then transition into like
44:18
what you think this the place for seed signer is in the
44:20
hardware markets? So Seed Signer is a Bitcoin cold
44:25
storage tool. We call it a signing device
44:27
because it doesn't. It's not engineered to
44:29
persistently store your private key that that's the user's
44:31
responsibility with our model. But it's a signing device, a
44:36
cold storage tool that you can build from off the shelf generic
44:40
computer parts that can be bought from a variety of
44:42
sources. So there's no sort of
44:44
indications that you're specifically buying or building
44:48
a Bitcoin tool. It's something you can build and
44:50
use in the privacy your own home.
44:51
And the way I kind of think about it in some ways is Seed
44:55
Center is a little bit of a victim of our own success
44:59
because it's a DIY storage tool. A lot of people have heard of
45:04
Seed Center, but they don't really understand what it does
45:06
or how it works or what would be the value in having one.
45:09
But the reason people continue to talk about it is because it's
45:13
it's so darn good. Like our, our contributors, our
45:16
volunteer software developers and all the other people that
45:18
that help with the project have all collaborated to build this
45:21
amazing tool that for a lot of people, once they get the
45:25
experience of using one, not say they never use another hardware
45:29
wallet again, but they understand the value that it has
45:33
in the usefulness that it it provides for people with cold
45:36
storage. So that's kind of my main goal
45:40
right now is helping to convey the value proposition of this do
45:47
it yourself storage tool. Because with with Bitcoin we
45:49
have what do we have? Trustless permission, less open
45:53
source money. And it's a little bit of a
45:55
cognitive disconnect for people that if you want to use this
45:59
trustless freedom oriented open source money, you have to buy a
46:05
proprietary hardware tool from a company that makes Bitcoin
46:09
things. And there's a lot of trust that
46:12
people tend to give give up during the the process of
46:15
acquiring and using that tool. And so seat center may not be
46:18
for everybody but for people who are willing to learn a few
46:23
things and put in a little extra effort, it's a tool that you can
46:27
use that it it is a bit more trustless I would say in terms
46:33
of doing that that cold storage thing and it's also a cool, a
46:39
great tool in the context of multi sig cold storage that's
46:43
that's been our kind of bread and butter from the beginning of
46:45
the project and in a mix of other hard wallets with a seed
46:49
signer, that's also a great way. But another powerful way to
46:53
think about it for me is that seed signer is a gateway drug to
46:57
Bitcoin multi sig cold storage. If if you're in a single sig
47:00
setup and you're curious about multi sig and whether or not you
47:04
can be comfortable with it and comfortable over time, using a
47:09
multi sig wallet for your long term Bitcoin storage seed center
47:12
is the place to get started. Because it it takes the marginal
47:16
cost of getting into a two of three or three of five multi sig
47:21
setup way down because you don't have to buy those multiple
47:26
hardware devices to even just set up a multi sig to figure out
47:29
if it if it's going to work for your situation.
47:31
Because our device is engineered not to persistently store
47:34
private keys. You can use that one cold
47:37
storage device to set up multiple wallets or to set up
47:40
multiple cosigners within a multi sig while it's set up.
47:45
So it it it it yeah, that's what I like to say.
47:48
It's a gateway drug to cold storage with multi sig.
47:51
I love it. Look, and one of the things also
47:55
that I gotta say, man, is that we're kind of entering this era
47:59
where I think the next step for States and I love that we talked
48:03
about speech in the beginning of the show.
48:05
You know, just how they're trying to censor speech.
48:08
I think that the low hanging fruit is for them to demonize
48:12
self custody and then and there I I bet you they hope they can
48:16
just make self custody illegal outright.
48:20
Then there's a there's a few ways they can approach that it a
48:22
lot of people think about it in terms of an outright to ban
48:25
sorry, ban on cold storage devices.
48:29
But you know, could there be some sort of information
48:34
gathering process that is required by the harder wallet
48:37
companies? When you purchase a wallet,
48:39
maybe when you're at home setting it up, there's some sort
48:42
of personally identifiable information that you have to
48:45
provide as you're setting up the harder wallet or there's a
48:48
version of it you know to take self custody and portions of the
48:51
EU. I'm not totally down on the
48:55
regulations, but in some countries you have to provide
48:58
proof of ownership of a private key to be able to withdraw funds
49:02
from the exchange. And what this is, is an
49:05
attestation that you're not withdrawing to someone else's
49:07
custody, that that if you're taking personal custody of an
49:10
asset, you have control of the asset as as opposed to, you
49:15
know, using it to be able to move funds to somebody else in
49:17
some other part of the world. So there's there's a few
49:20
different ways that restrictions on cold storage can manifest
49:25
themselves, but the outright harder wallet is one of those
49:29
ways. And it's something that we see
49:31
either explicitly or implicitly in different parts of the world.
49:34
I I regularly talk with people from parts of the Middle East,
49:38
parts of Asia where it's already hard to find a Bitcoin harder
49:42
wallet. And the primary way that they
49:44
can get their hands on one of those tools is through a black
49:47
market source and who wants to purchase you know a security
49:51
critical tool for your personal savings from you know a a a kind
49:55
of sketch source. So I I I think I veered off of.
50:01
Not at all the. Trail in the commentary there,
50:03
but there there are a lot of ways that this ban on self
50:06
custody could manifest. Itself.
50:08
Yeah. And I'm really glad that you
50:09
brought that up because that kind of record keeping or
50:15
they're not doing this now. But imagine going through an
50:18
airport, Imagine you ordering a certain type of hardware wallet
50:23
through the mail. Again, it's not happening now,
50:26
but you kind of maybe in the future, whatever.
50:30
So if you currently have a hardware wallet, OK, you're
50:32
good. But let's say you wanna order a
50:33
new one, and then because you're ordering a new one, you're put
50:36
on a list or something like that.
50:38
You know, that's where the kind of the seed center comes into
50:40
play, where you could just buy these parts on Amazon and just
50:44
like build it and you know, the the, the, the, the device is
50:51
stateless, so it doesn't have any memory.
50:52
It doesn't store your seed when you shut it down, right?
50:55
Yeah, and we could say this isn't happening in the United
50:58
States right now, but I so I as a little side hustle, Seed
51:01
Center's a DIY project. The best way to get one is to
51:04
build it yourself. But if you're willing to trade
51:06
off a little bit of trust, I build them and sell them to
51:08
people directly. And there's, like I said, some
51:10
trade-offs involved with that. But I have been asked to ship
51:14
seed centers to China before. And the explicit instructions I
51:18
get, I've gotten multiple times from people that I've worked
51:21
with are do not write anything about seed cider or especially
51:24
Bitcoin anywhere on the customs declaration.
51:27
That has to be filled out for me to get, you know, a package out
51:30
of the country. And even on the inside of the
51:33
package, don't write anything about seed signer, don't put a
51:36
sticker or any of the graphics in there.
51:37
And especially don't write anything about Bitcoin inside of
51:39
there. Because packages are being
51:41
opened in certain parts of the world.
51:43
And for us in the United States, we're very blessed that we can
51:47
just log into a website or walk into a store and acquire one of
51:51
these tools. But it's it's not the case for
51:54
people in very specific parts of the world at this time, but it
51:58
is a real phenomenon. Yeah, it's it's really
52:01
interesting man. And you know your your project
52:03
is open source, right? Anyone can contribute to it and
52:09
walk us a little bit about the building process, like how
52:12
technical do you need to be to build one of these?
52:15
It's understandably something that's a little intimidating for
52:17
some people, but it's it's really just three primary
52:20
components that you need to acquire to build a seed signer.
52:23
The heart and soul of the device is a Raspberry Pi single board
52:27
computer. We kind of use Raspberry Pi
52:31
because they're the most ubiquitous, highly available
52:34
single board computer platform in the world and they have
52:36
various form factors. But the one that we prefer is
52:39
the Raspberry Pi 0, which is a smaller version that's more
52:42
easily handheld. There's a very specific version
52:45
of that Raspberry Pi Zero that comes from the factory without
52:50
Wi-Fi, without Bluetooth or other wireless functionality.
52:52
And that's an an important part of the the value proposition of
52:56
Seed Center. But so there's this Raspberry Pi
52:57
Zero as you can see below it in the image, there there's a
53:01
screen and buttons that we add to the top of it and then there
53:04
there's a camera. And what the camera and the
53:07
screen do is basically it facilitates allowing the device
53:10
to communicate with the outside world, but only being able to do
53:13
so in a very controlled way. So you essentially buy a
53:19
Raspberry Pi. You can see their GPIO pins,
53:22
which are those metal pins that stick up outside of the
53:24
Raspberry Pi. You put the screen with the
53:28
controls, looks like a little video game system.
53:32
On top of that, you just settle it down onto the pins.
53:35
You attach the camera via a ribbon cable and then you need a
53:39
memory card with some software on it.
53:41
You can either build yourself or download from our GitHub repo
53:44
and that's it. You have a seed signer.
53:45
Now we have some 3D printed enclosures.
53:49
The designs for those are all open source, so if you have
53:52
access to a 3D printer or there's someone in your your
53:55
local community, you can print things.
53:57
It's really easy to print those, but that those are the basic
54:00
ingredients that make up a seed center.
54:02
So anybody who can get access to these these parts has the
54:06
ability, thanks for showing that one up there.
54:09
Anybody who's access these parts can can build one and have a
54:14
It's not that people don't have access to saving with Bitcoin.
54:18
It's being able to do it in a more secure way.
54:21
We can all have a hot wallet on our phone that we may use and
54:26
you could even delete it from your phone and then you know
54:29
recreate that that wallet when you want to, when you want to
54:32
spend Bitcoin. But the whole point is with cold
54:34
storage, the private keys never touch a computer that has a
54:39
connection to the Internet. And that's what a seed center
54:42
is, is it's this, you know, very small handheld computer that has
54:47
no way of talking with the outside world that involves
54:50
Wi-Fi or Bluetooth connection or any sort of other wireless
54:53
connection like that. And it's a very secure
54:56
environment where you can create private keys, you can create the
55:00
public version of private keys that you then need to set up a
55:05
wallet to be able to receive and send Bitcoin.
55:07
And then of course, what would be the point of it if if you
55:09
couldn't create transactions, sign transactions and spend the
55:12
Bitcoin. So it's it's a very secure way
55:16
to kind of do those three things that all involve interacting
55:19
with your private keys. Beautiful, beautiful, love it.
55:22
I got one question. Seed signer you we've been
55:24
talking about product market fit here, so like right Opti, what
55:27
did I say you? Said seed signer.
55:30
What? I'd say anyway Anyways, you're
55:32
you're distracting me. Oh, OK, you're distracting me.
55:34
OK, so who? Who, in your opinion, is the
55:37
ideal user of a seed signer? I think the profile for the
55:47
ideal user of a seed signer's a little bit broader than most
55:50
people would sort of intuitively think.
55:56
It seems like a high bar to be able to build one of these
55:58
devices yourself. Or a lot of people don't buy the
56:02
device pre assembled by a kit and the kit comes with
56:06
instructions whether you buy it from you know, I have an online
56:09
store, but there are other people in Europe and South
56:10
America that's at least two parts of Africa.
56:14
Buy the kit, look at the components, make sure they match
56:17
up with what you you see online so that there's nothing strange
56:21
going on in. The most important part is
56:22
download the software yourself. But this, this process of
56:25
snapping together a few electronic components,
56:27
downloading some software and putting on a memory card, it's
56:30
something, you know, with one of Ben Sessions tutorials or some
56:33
of the other people that do tutorials.
56:34
It's something that's well within the reach of most people.
56:37
And once you have the device and you use it, it's going to teach
56:42
you more about using Bitcoin at its lowest levels.
56:47
Your question kind of reminds me of a tweet that I saw just
56:50
earlier today where somebody was saying I've never lost any
56:54
Bitcoin, I've never lost UTXOI have a hardware wallet.
56:57
But every time I plug it in and I enter my PIN code, I have this
57:01
sort of anxiety that I experienced about what if, you
57:06
know the the harder wall it's bricked Or what if for whatever
57:10
reason I can't access my Bitcoin or it doesn't seem to be syncing
57:12
with my wallet? What seed signer teaches you is
57:16
the process of starting with a private key, which is everything
57:19
that your personal wallet is derived from.
57:22
Is that private key? Starting with that private key,
57:25
setting up a wallet from scratch and then being able to use that
57:28
private key to authorize transactions with your wallet C
57:32
center in a very intuitive way. We have amazing contributors
57:36
that with this tiny little 240 pixel by 240 pixel screen have
57:41
packed in so much richness of information and workflows that
57:46
they take working with these fundamental building blocks of
57:49
Bitcoin. Private keys, public keys,
57:52
partially signed transactions. It takes working with those
57:56
basic building blocks and makes it a surprisingly intuitive
58:00
experience for people. So all I can do is kind of try
58:04
to nudge people in the right direction and make it as easy as
58:08
possible for them to get one of our devices into their hands.
58:11
But once they do I have people that tell me to to get back to
58:15
your original question. You know bitcoiners who have
58:17
wives or husbands that are less technical than them, and they'll
58:20
put a seed center in their hands and introduce them to the
58:23
process of setting up and using a wallet.
58:25
Creative with a seed center. And they will tell me that they
58:30
succeed with seed center where it seems like other devices are
58:34
less intuitive and and more difficult for their spouse, for
58:37
people they care about, for them to understand.
58:39
Because we we don't try to obscure all of the complexity
58:44
away. We try to take the these
58:46
concepts and put them together in a workflow that makes sense
58:50
even to people that are less technical.
58:52
Love it, love it. OK, one last question for me.
58:56
Well, actually I got a few, but I know we're running late on
58:59
time. But I see you're wearing the
59:00
Bitcoin and Kazi shirt. So is there any cool projects
59:04
that seed signer has been a part of?
59:05
Like, I don't know, give give the people some hope and all the
59:08
stuff you guys been working on. I know you guys have been
59:10
sending them out everywhere and seeing cool projects pop up
59:13
using the seed signer and I I can't keep tabs of everything,
59:17
but you guys are doing some cool stuff.
59:19
You mean the seat sire or the Bitcoin Acasi shirt?
59:21
Well, just like who's using the seat I was I.
59:23
Was. Oh oh nigo Nigo.
59:26
Nigo so first like a shout out to Herman.
59:30
I I've had the pleasure of meeting him once or twice and he
59:34
is an amazing bitcoiner doing you know such exciting things in
59:39
South Africa where he I I believe he's located in South
59:42
Africa. I haven't been fortunate to
59:43
visit them out there yet, but what we try to do with seed
59:49
signer is not gift these devices to people.
59:54
It's in line with the whole philosophy of instead of giving
59:58
a man a fish, teach a man to fish.
1:00:00
So there's an example of this is there's a guy called Ronnie
1:00:03
Avanado who is an awesome bitcoiner in El Salvador and
1:00:08
he's done some work with me, Premier Bitcoin.
1:00:11
I got to meet him at the 2022 Adopting Bitcoin conference in
1:00:15
El Salvador. And great guy.
1:00:17
And his latest project is he is opening what is called the
1:00:20
Bitcoin hardware, the Bitcoin hardware store.
1:00:24
I believe I'm getting that right in Elzante.
1:00:26
So it's a brick and mortar storefront in Elzante where you
1:00:30
can acquire, you know, all sorts of different kind of things,
1:00:34
hardware devices that are Bitcoin related.
1:00:36
He has, you know, hardware wallets from different wallet
1:00:38
companies and as far as I know he has other other tools there
1:00:42
too. But anyhow, he got in touch with
1:00:43
me because like I said, I had the side hustle where I try to
1:00:47
put seed centers in people's hands with as little friction as
1:00:50
possible and and guide them into how to use the device and how to
1:00:55
how show them how it can add value to their Bitcoin cold
1:00:58
storage posture. And he was soliciting people to
1:01:02
basically place their products in his store.
1:01:05
And I I wasn't sure he would be open to it, but I pitched him on
1:01:12
what if instead of just sending you hardware that you can turn
1:01:15
around and sell to people in your store, what if I show you
1:01:18
where you can buy the basic components to build seed
1:01:22
signers? You know, make sure you have
1:01:23
access to the 3D printable models and if you have questions
1:01:26
or whatever, like, be in touch with me.
1:01:28
But what if I teach you how to build seed signers?
1:01:31
Instead of you taking a cut of something that I'm selling you,
1:01:34
What if you build them yourself and whatever profit margin you
1:01:37
have, you keep that to you know, keep growing your store and
1:01:41
obviously you have to live your life and have living expenses.
1:01:44
So that's one example of how I am trying to create these
1:01:49
cottage scale industry opportunities for people in
1:01:52
different parts of the world where it's not just me sending
1:01:56
out hardware, it's people you know introducing seed signer to
1:02:00
their local community. And and just organically finding
1:02:04
you know a way that it fits with the bitcoiners in the area and
1:02:08
it maybe it fits better in some areas and maybe it doesn't.
1:02:11
The beauty part about me is like I keep saying I have this little
1:02:14
side hustle, but seed center is just an open source software
1:02:18
project. We don't have suppliers, we
1:02:21
don't have advertising contracts, we don't have
1:02:23
employees, we don't have sponsorships.
1:02:25
Seed center lives or dies based on bit corners building it
1:02:29
finding it useful. And then you know hopefully if
1:02:32
they're incentivized to do so, sharing it with other bit
1:02:34
corners by telling them about their experience or how to build
1:02:37
1 or you know, trying to put seed centers in other people's
1:02:40
hands. And so I'm not in a position to
1:02:45
try to you know, if the project goes away, I still have my stack
1:02:50
I'm still a bit corner I still have my family.
1:02:51
I I I'll be just fine. So this project lives and dies
1:02:56
on its own merits and so far you know we're just slowly growing
1:03:01
organically in the in the Bitcoin ecosystem.
1:03:04
It's if you've heard of a seed signer that's a testament to
1:03:07
other people having a positive positive experience with it and
1:03:11
kind of want to wanting to share it with bitcoiners at their
1:03:13
local meet up or Bitcoiners at conferences or Bitcoiners in
1:03:17
their circular economy different parts of the world.
1:03:20
And that's, that's that sort of organic growth that is, you
1:03:24
know, slowly continues. That's something that myself and
1:03:27
all of our great contributors are, are really proud of,
1:03:30
because we feel like we're trying to approach and grow this
1:03:33
thing in the spirit of Bitcoin and in the spirit of open source
1:03:36
itself. Oh yeah, love it.
1:03:38
Awesome dude. All right, ladies, wait.
1:03:40
Wait, can I ask one more quick question on Air I I remember
1:03:44
like a year ago it was it was getting hard to maybe it was two
1:03:48
years ago. Now I forget the time, you know,
1:03:50
Bitcoin time, it's all the blur. It was getting hard to get the
1:03:52
pie, the Raspberry Pi Zeros and they were getting more
1:03:55
expensive. Has that been worked out?
1:03:57
What's going on with the Raspberry Pi Zeros?
1:03:59
So Raspberry Pi? What?
1:04:01
Just briefly to give the back story, them they apparently
1:04:03
switched suppliers at the exact wrong time during the COVID
1:04:07
crisis and and some of the supply chain knock on effects of
1:04:10
that. So it's taken them a little bit
1:04:13
of time to recover. But as of the last I would say 9
1:04:15
to 12 months, it's it's easy to get a Raspberry Pi again.
1:04:19
There are people buying them from El Salvador, buying them
1:04:22
from Africa, you know and finding them through local
1:04:24
dealers. So there's one website I will
1:04:26
throw out called arpilocator.com that has a worldwide list of
1:04:32
distributors that have inventory, and it's a quick and
1:04:36
easy way to find a Raspberry Pi. Love it.
1:04:40
Love it. OK, last one.
1:04:41
Sorry, Nico, I know you're trying to wrap this up, but what
1:04:43
do you guys have on the road map for Seed Signer?
1:04:45
What? What can the people look out
1:04:47
for? I?
1:04:48
Don't want to say we've plateaued, but our our feature
1:04:50
set is really strong right now and the amount of Polish in the
1:04:52
UI is really good. So Seed Signer is not by any
1:04:55
means a completed tool, but we're comprised of developers
1:05:00
and FOS contributors are kind of scratching their own itch.
1:05:03
And we tend to move forward in these sort of development
1:05:06
productivity spurts where generally like several of our
1:05:10
contributors will start to have itches that they want to scratch
1:05:13
and refinements that they want to make to the platform.
1:05:15
So we had a big release last fall that was sort of a feature.
1:05:20
Again, I won't say plateau, but it we achieved a point with our
1:05:23
features that a lot of our contributors are really happy
1:05:26
with. And so we are at this point
1:05:30
probably moving into quarter 2 of 2024 moving into one of those
1:05:35
stages where I see some of our contributors, particularly Keith
1:05:40
Mackay who is on a six month grant from the Human Rights
1:05:43
Foundation shout out to them. Huge appreciation for that.
1:05:46
But Keith is scratching some itches and building some
1:05:50
optimizations into our software. There's also recently been a
1:05:54
push to add multiple languages to the UI, which adds a layer of
1:06:00
complexity, but I think there's definitely a a cost benefit with
1:06:04
that in terms of getting people seed signers that they can use
1:06:08
in their own native language. So we're kind of in this this
1:06:10
ramping up period in our development cycles.
1:06:13
So I I just encourage people to keep an eye on you know the
1:06:17
website, keep an eye on my Twitter profile as well as that
1:06:20
of some of our contributors. And just just it's a great tool
1:06:23
where it stands and we're incrementally making it better.
1:06:26
So just keep an eye out for what we're working on next.
1:06:29
Oh yeah, well man, I appreciate you coming on the show guys.
1:06:32
Check out Seed signer.com for more info if you guys enjoyed
1:06:36
the showing you what to do. Smash the like button really,
1:06:38
really helps with the algo. So if you're watching us on
1:06:40
YouTube Rumble or X, formerly known as Twitter, just smash the
1:06:44
like button. Really, really helps us.
1:06:46
I'm your host Nico. He's my legendary Co host
1:06:48
Optimus Fields. And our guest today is Seed
1:06:50
Signer. You can go follow him on Twitter
1:06:52
For more information at Seed Signer.
1:06:54
Anyways, man, really, really appreciate you joining us on the
1:06:57
show today. Thanks guys.
1:06:58
Appreciate the time. All right, ladies and gentlemen,
1:07:02
that was a show. I hope everyone had a good time
1:07:05
today. A week.
1:07:06
We're almost halfway through the week, man.
1:07:08
So things are flying by in Bitcoin time.
1:07:11
We did have a little bit of a dip today, 63,000.
1:07:14
That creates a great opportunity to stack that dip.
1:07:17
We're already recovered at 65,500, but you know what we
1:07:22
advocate for on simply Bitcoin? Just DCA.
1:07:24
Stay humble, stack sats, stay solvent and that's how you win
1:07:27
in Bitcoin Anyways, Love you all, we'll see you guys tomorrow
1:07:30
for brand new episode of Simply Bitcoin Live.
1:07:35
So it was brought to you by bitcoinwell.com, a Bitcoin only
1:07:38
platform on a mission to enable financial independence.