Latest / Simply Bitcoin / Kamala Harris Going to Bitcoin Conference 2024?! | EP 1038

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Kamala Harris Going to Bitcoin Conference 2024?! | EP 1038 · Simply Bitcoin

0:02
It's. All going to zero against
0:05
Bitcoin. It's going up forever.
0:15
You're against Bitcoin. You're against freedom.
0:22
Yo, welcome to Simply Bitcoin Live.
0:26
This is episode 1038 and it's Wednesday, July 24th.
0:30
Of course, this is your boy Opti, and we are here to usher
0:34
you into the separation of money and state.
0:37
We're on the eve of Bitcoin Conference 2024.
0:40
We're in Nashville, we're live from the Airbnb and you can hear
0:44
the Stampede coming. We have been talking with a lot
0:47
of Bitcoiners and I think you're getting a a very huge sense
0:49
right now that tomorrow's event is potentially going to be a
0:54
huge event. It may not be as big as Bitcoin
0:58
conference in the past, but I think the cultural impact of
1:00
what we're going to see play out in the next few days is it's, it
1:04
seems to be one of those events that is going to make a lot of
1:09
mainstream noise. It, it seems like one of these
1:11
culturally defining moments right now.
1:13
As you can tell, there's a lot of conversation about the people
1:16
showing up to the conference. We're hearing a lot of rumors
1:19
about who might show up to the conference and it really seems
1:23
like tomorrow's event might put Bitcoin on the mainstream map.
1:27
It's going to be very interesting to see how the
1:29
mainstream media responds to what comes out of the Bitcoin
1:32
conference. It's going to be very
1:33
interesting to see what actually comes out of the Bitcoin
1:35
conference. But the conversations that I've
1:37
been having with everyone is the same, that we are all kind of
1:41
getting the vibe that tomorrow's event is going to be a huge
1:46
event, a huge, culturally defining event.
1:48
As you can tell, in the past couple of months, Bitcoin is
1:51
becoming a huge conversation. The political discussion.
1:55
We've been hearing rumors about who might show up, who won't
1:57
show up, and that's what we're going to be talking about on
1:59
today's show. And as you can tell, I'm not
2:02
alone. Nico had to run to Bitcoin Park
2:04
for an event. So I'm doing the hosting duties
2:07
and of course I have Nico Two Point O AKA Internet Selfie AKA
2:12
Nico's wife, AKA a more radical version of Nico.
2:15
So you know today's show is going to be lit.
2:17
And forgive us for the baby noises 'cause we are.
2:21
We are kind of on babysitting duties as well.
2:24
So we have a special appearance from baby Nico off on the
2:27
corner. So today's show might be a
2:29
little more wild and live than usual, but the show don't stop
2:33
Anyways. Sophie, how you doing today?
2:35
I'm so excited to be here. Oh my God, this is our baby's
2:41
First off screen appearance. Actually, it's the second
2:44
because I, I remember having her early on, but this is now she's
2:50
babbling, she's talking a lot. And so apologies if you hear her
2:55
in the background. For all you audio listeners, you
2:57
might want to turn down the volume if you're using
3:01
headphones because she does like to shriek randomly.
3:05
So yeah, but I'm excited to be here.
3:07
I'm excited to be in Nashville. I think that this is going to be
3:11
the best Bitcoin conference yet. We have Donald Trump speaking.
3:18
We were going to have Kamala Harris speaking, but she backed
3:20
out. We'll talk about that a little
3:21
bit later, but yeah, let's get let's get the show started.
3:26
Let's go, let's go. All right, guys.
3:28
But we also have a guest today and we have Jason, AKA the
3:33
commoner on Anoster and on Stacker News.
3:36
So you might be familiar with his work.
3:38
And he was telling me a very interesting story behind the
3:41
scenes. He's a property manager, but
3:43
also a Bitcoiner orange Pilling the the people staying in his
3:48
properties. And he dropped an awesome
3:50
article that we're going to talk about.
3:52
And this is a very Bitcoin focus culture today about, you know,
3:56
rental properties and Bitcoin and maybe how you should be
3:59
thinking about this and some cool stuff that Jason is doing
4:02
for the people staying at his property.
4:04
Like he sounds like the landlord that I want.
4:06
So this is going to be an interesting conversation.
4:09
But Jason, how you doing today? Good to have you.
4:11
Fabulous, Opti, fabulous. Hey Sophie, thanks for having
4:15
me. Can't can't wait to keep going
4:18
with this show today and let everybody know what's what's
4:22
going on in the world. The Bitcoin let's go awesome,
4:25
awesome. Well, we got a jam packed show
4:27
for you guys. So before we get into it, of
4:30
course we have to plug our boys at the Bitcoin.
4:34
Well, make sure you go to bitcoinwell.com and use the
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promo code simply VTC. And I was talking with Adam
4:41
yesterday. He we're staying at the Airbnb
4:43
and he's like just go super hard on the Bitcoin.
4:46
Well, so they got a special feature for you guys going on
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this week. If you sign up this week, you
4:51
will get 10 free tosses to the Bitcoin well wishing well and he
4:56
told me just just do Bitcoin well wishing well point for you
5:00
guys. So I'm going to do a couple more
5:02
QR stands than usual. Of course, once you sign into
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Bitcoin well, why maybe, maybe you got to pull her off.
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If once you sign into Bitcoin well and you go into the
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dashboard, make sure you hit the Bitcoin well rewards go into the
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my rewards, hit the redeem and you will be able to redeem some
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points. Of course, get your lightning
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wallets ready and you're going to scan some QR.
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You're going to get some sets for free to scan the QR points.
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OK, 500 sets. I'll leave this on for a moment.
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While we're getting, we're getting a little transfer going
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on and, and we'll do one more. We'll do one more for you guys
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because Adam and really was excited about the Bitcoin
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wishing well again. If you sign up this week, if
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you've been on the fence about signing up for Bitcoin well, you
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will get free 10 free tosses into the Bitcoin wishing well
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and of course, there's a chance to win up to a million sets.
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Even Adam was telling us that he plays the wishing well himself.
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He's like, yo, I'm trying to get the a million sets.
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So I'm not the only one trying to get the million sets here.
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We are all trying to get the million sets from the Bitcoin
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wishing well, so you better get it and sign up and get your 10
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free tosses into the Bitcoin Wishing well.
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All right, guys, let's get into today's show.
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on Clark Moody's dashboard and Wine was yelling at me
7:35
yesterday. Actually, Wine and Sophie were
7:36
yelling at me yesterday about us doing too many numbers.
7:40
So I'm just going to get to the meat and potatoes here, which is
7:43
the only things you really care about or should care about or
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really what? The only thing people really
7:47
check is the Bitcoin price. We are currently at 66 $1300 per
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Bitcoin and the block height TikTok next block Bitcoin is
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working exactly as designed. We're at block height of
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853,732. Now let's get into this show.
8:03
Let's get into the conversation as we've been talking to about
8:07
in Bitcoin. Bitcoin's becoming a huge
8:09
political discussion. Whether we like it or not,
8:11
politics has landed on our door and and we're seeing that the
8:16
politicians are starting to wake up to the idea that bit corners
8:19
as a voting bloc is a very huge influential voting bloc.
8:23
And then we're seeing the response coming out of the
8:26
legacy media. And we talk about the legacy
8:28
media constantly on this show because we like to look at them
8:31
as pure propaganda. They're paid shows for whatever
8:34
you want to call it, the administrative state, the deep
8:36
state, the status quo. We know that they are in the
8:40
pockets of the powers that be and they're constantly out here
8:44
saying bad things about Bitcoin. They're constantly funding
8:47
Bitcoin and very far and few in between do we get examples of
8:53
the legacy media saying nice things about Bitcoin?
8:56
Whenever they talk about Bitcoin, whenever they say the B
8:58
word, it's usually in negative light.
9:01
But we got this post coming out of the New York Post, which you
9:05
guys could probably Fact Check who owns the New York Post and
9:08
where their incentives lie. But they're saying what we say,
9:12
what we've been saying on the show the last couple of weeks,
9:14
that as the GOP, as the Republican Party woke up to the
9:18
fact that they should or rather need to embrace Bitcoiners to
9:22
get reelected, to gain favor from a younger crowd.
9:26
Because a lot of us are owning Bitcoin.
9:28
And this is not just to isolate the millennials and the zoomers
9:32
from the Gen. X's and the Boomers, but there's
9:35
a huge block of Americans and of course, globally that are big
9:39
corners that are interested in Bitcoin and crypto, and they
9:43
have to obviously garner our favor.
9:46
And so this post coming out of the New York Post is very
9:49
interesting because they're saying exactly what we've been
9:52
saying on Simply Bitcoin. It's almost like they're
9:54
watching Simply Bitcoin and they're turning into a Bitcoin
9:57
channel. Of course, we say it all the
9:58
time, Everyone will eventually turn into a Bitcoin or everyone
10:03
will have to talk about Bitcoin. And again, we are in Nashville.
10:07
Trump's going to be speaking at 2024 Bitcoin Conference.
10:10
And it's just very interesting now, now that we are getting
10:13
thrust into the limelight. And this is what we've been
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talking about with a lot of people in in Nashville, is this
10:20
idea that this week might be one of those defining cultural
10:23
movements around Bitcoin, around Bitcoin in the mainstream
10:27
consciousness, in the mainstream discussions.
10:29
And we're slowly but surely seeing that percolate up to the
10:32
surface. And now everyone is starting to
10:35
realize to the power of the Bitcoin movement.
10:39
And now they're even talking about Bitcoin in good light
10:41
about everything we're doing here.
10:42
So here's a post from New York Post and it goes three things to
10:45
know about why JD banned Trump's vice president pick is
10:48
significant for we're going to say Bitcoin, but of course they
10:52
say crypto. So let's watch this real quick
10:54
there. Are three things to know about
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why Trump's VP pick is significant for cryptocurrency.
10:59
1 JD Vance is the first candidate on a presidential
11:03
ticket to own Bitcoin. He owns more than $100,000 worth
11:07
of it, and the fact that he's just 39, he's also the first
11:10
millennial on a ticket means that younger crypto fans feel he
11:14
understands their priorities. You can also open APDF without
11:17
someone helping him. Two, around 40 million Americans
11:21
now own cryptocurrency. That's according to a Pew
11:23
Research poll came out earlier this year.
11:26
That means nearly 20% of Americans have some sort of
11:29
interest in what happens to Bitcoin, making them a new and
11:32
pretty serious voting coalition. 3, it's not just fans who's pro
11:36
crypto. The entire Republican Party has
11:39
embraced that. They even added a line in their
11:41
platform about the importance of crypto.
11:44
Now, the Trump campaign is also close with many Bitcoin
11:47
advocates. And Trump is going to be the
11:48
first former president to speak at the Bitcoin conference next
11:53
week. Wow, the signal is getting out.
11:56
People are waking up to the power of Bitcoin, the power of
12:00
the Bitcoin movement, and now it's even hitting legacy media,
12:03
which you just love to see, though there is some very
12:06
interesting numbers in this. The fact, you know, of course, I
12:10
don't really trust research in polls as much as other people
12:13
might. But if these numbers are true
12:16
and 20% of the American population are, you know,
12:19
loosely interested in Bitcoin, then it just goes to show that
12:23
one, we have a lot of work here to do in educating people.
12:26
Two, it's becoming a big movement.
12:29
There's a lot of holders of Bitcoin.
12:30
And if these numbers are right, again, 40 million people in
12:33
America hold Bitcoin, hence why you're seeing they're starting
12:36
to angle for political favor. They're starting to at least say
12:41
the things we want as bitcoiners.
12:43
They're at least trying to tickle our ears and and make us
12:46
feel like we have a voice in what's going on.
12:49
Of course, you know me, I'm probably the most skeptical
12:53
person when it comes to the fact that the powers that be listened
12:56
to us as we're seeing come out of the Democratic Party.
12:59
It seems like they just put in a a candidate that no one's voting
13:03
for. Things are getting fishy out
13:05
here in Fiat land, but the point remains the same.
13:09
Bitcoiners and Bitcoin is becoming a huge political
13:13
movement. As much as we might not like
13:15
this to happen, Bitcoin as a political money is becoming a
13:19
defining conversation. And again, just to reiterate my
13:22
point, this week is going to be one of those moments that we're
13:25
going to see Bitcoin get thrust into the mainstage.
13:28
So I'm gonna pass it over to Self real quick.
13:30
Self, what's your thoughts on this?
13:32
My thoughts are that this was going to happen eventually.
13:37
Bitcoin is better money, period. And when you have better money,
13:42
politicians are going to flock to that.
13:44
When you have people on the inside who are seeing the
13:47
downfall of the dollar and are seeing how money is just being
13:52
printed out of thin air, do you think that those politicians are
13:55
going to want donations in the dollar?
13:58
Or do you think that those politicians are going to want
14:01
donations in Bitcoin like Donald Trump is taking right now?
14:06
It's incentives aligning with what people want, and if those
14:13
incentives are aligning with politicians, they're obviously
14:15
going to start to pander and ask for the vote of those who have
14:20
been ahead of this movement for almost a decade now. 100%
14:25
couldn't agree more Sophie. See Sophie is Nikko 2 point O
14:29
Sophie is the better version, the better half of Nikko.
14:32
Anyways, Jason, what's your thoughts on that little clip and
14:35
maybe what Sophie and I had just said?
14:38
Yeah, man, I it, it's amazing on one hand and it is absolutely
14:45
like almost predictable on the other hand, right.
14:49
I mean, like Sophie was saying, Bitcoin is just a better money
14:53
period. And as as that comes to fruition
14:58
and then more and more people come to realize it, more and
15:01
more people are going to have to start to adopt it and adapt to
15:07
it becoming the global reserve asset and and the the money that
15:13
we all use man. And and this is where I get into
15:17
trouble sometimes. I also have been called in the
15:22
inevitable prophecy kind of person around my office and and
15:28
between other people where I I try and put myself in a position
15:35
where like where I'm imagining Bitcoin is it 100% of the time.
15:41
And that just gives you a different perspective on it.
15:45
And it's actually kind of what led me into how I use it with my
15:50
properties now at this point. So the the only other thing that
15:54
I found really, really interesting there of in that
15:57
clip was JD Vance being 39. I mean, that guy's younger than
16:01
I am. So it's about time that somebody
16:04
younger got involved in higher offices.
16:09
So we don't have my grandpa or my great grandpa in there one,
16:16
sorry. 100% I mean, not only is he the first Bitcoin vice
16:22
president, but he's probably the youngest person we've seen in a,
16:27
you know, higher position in politics in a long, long time,
16:31
which I think is the general trend we're seeing, at least in
16:34
regards to what all of us commoners think about the
16:38
political process. Like it's a gerontocracy.
16:40
They're they're super old, they're out of touch.
16:42
Everything coming out of the federal government is not
16:45
designed for the younger generation And, and even, you
16:49
know, for the running. Well, what was the running
16:52
political candidates, everyone, even if you're on the left or
16:55
the right. It's exactly what you said,
16:57
Jason. It's like they're all old.
16:59
They're they're like 80 years old.
17:00
These are the people that are supposed to be running our
17:02
country. Whatever happened to retirement?
17:05
So at least now we're getting a younger, younger minds into the
17:12
political process, which is one of the things that I've kind of
17:15
been wanting to talk about, and I'm sure self has some thoughts
17:17
on this as well. Is this idea.
17:19
I know a lot of bitcoiners talk about like, oh, politics doesn't
17:22
matter. All we got to do is like, oh,
17:24
voting's voting's fake, don't even get get in charge and
17:28
involved in the political process.
17:31
And I'm starting to kind of think the flip of that.
17:34
Like Nico planted these ideas a while ago and I was like no like
17:37
I I agree with you bro. Like politics is fake.
17:40
We all know it's rigged. There's no point in caring about
17:43
politics. But I'm starting to wake up to
17:45
the idea as us younger generations, us Bitcoiners that
17:49
still have a long time to live, I think it's very important that
17:53
we get involved some way, somehow, whether it's us making
17:56
content, whether it's some of you guys running as Bitcoin
17:59
political candidates. I think it's very important that
18:02
the younger generation just doesn't completely tune out and
18:05
let the country go where it's been going, where we literally
18:09
have no voice, no control. So I'm starting to kind of
18:12
change my tune. I think it's very important that
18:14
we do get involved so. I think that this is the first
18:18
time that we're actually realizing the power of the
18:21
government. Before it was kind of in the
18:23
background and it was like this seamless kind of looming thing
18:28
where we all were actually OK with the government's power
18:32
because we trusted in the government.
18:34
But now with the rise of social media, Twitter, independent
18:39
journalists, there is the the Pandora's box has been opened
18:43
and we have realized that the emperor has no clothes.
18:47
And we're realizing just how much power the the government
18:52
has, especially in this instance, the Democratic Party.
18:56
In 2016, they uprooted Bernie Sanders, Bernie Sanders from
19:01
being the Democratic nominee, and that was done with the Super
19:06
PACs, if you recall, and he was Hillary Clinton was basically
19:10
appointed the Democratic nominee.
19:12
This year for this election, they're basically doing the same
19:15
thing. They have neglected the vote of
19:18
the primary and they are putting in Kamala Harris and they're
19:22
acting from one day to the next like as if she's just won the
19:26
Democratic nominee. And because of things like that,
19:32
it you have to care about politics now because now the
19:36
democratic process is being infringed upon.
19:39
And one of those ways that you can do that, you can join into
19:43
this peaceful revolution, as we always say, is by defunding
19:47
these politicians. If they don't have the hard
19:50
money, if they don't have access to Bitcoin, and if they keep
19:54
making an enemy out of bitcoiners and people who
19:57
actually have hard assets, then. They're going to lose because it
20:03
is unsustainable to keep running like this.
20:06
And so all you have to do to like become part of this process
20:13
nowadays is not only own Bitcoin, but also vote for
20:18
politicians and who have policies in place or who are
20:21
campaigning on these promises, which, you know, we we never
20:25
know, they might turn their back on us.
20:26
But at least, like we have a hope that they're going to be
20:31
pro Bitcoin, pro cryptocurrency and allow us to, you know, have
20:36
some hope for the future. Yeah, you know, Bitcoin is help
20:41
and I think we're seeing a lot of people in the Fiat world have
20:44
no hope, which is why as Bitcoiners, we love to push the
20:47
Bitcoin message and and actually see that there is hope at the
20:53
end of the at the end of the tunnel, like there is a brighter
20:55
future, but it's not going to be easy.
20:57
You can't just tune out, you know, dig your head in the sand.
20:59
There is a lot of hard work to do and as Bitcoiners, we love
21:03
proof of work and we're here to show up, be consistent and
21:06
actually make a difference. And this is what Bitcoin is all
21:09
about. All right guys, before I move
21:11
into the news, of course, let's talk about the pleb party.
21:15
Guys, it's going to be 12 hours tomorrow.
21:18
So if you are on the fence, hopefully you're getting the
21:22
last minute FOMO. All of our friends are going to
21:24
be there. Everyone that I know is going to
21:25
be at the pleb party again. It is tomorrow, July 25th.
21:29
There is still some tickets, but I'm pretty sure that you won't
21:33
be able to get tickets at the door.
21:34
So get your ticket now. Make sure you're hanging out
21:37
with tomorrow. It's going to be 12 hours of all
21:39
you can eat, all you can drink. It's going to be all of your
21:41
favorite bit corners. We will all be there and you can
21:44
come up, hang out with us and of course have great conversations.
21:47
You do not want to be in Nashville right now and not know
21:51
what you're doing tomorrow. You need to go to the pleb party
21:55
by our boy Anders. OK let's get into the news guys
21:58
cuz This is why you guys are all here.
22:03
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more. You guys are killing me in the
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chat good stuff, good stuff all right guys, of course scan the
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You get your Bitcoin off in exchange.
23:15
All right, guys, so as you guys know, there's been a lot of
23:18
rumors going on around the Bitcoin conference.
23:21
Who's going to show up? It's very interesting that
23:24
Trump, what almost got an assassination attempt two weeks
23:27
ago, He's showing up at the Bitcoin conference.
23:30
And I remember when Nolan came on her show a couple of months
23:33
ago, he pointed out the fact that we are seeing that the
23:37
Bitcoin conference is going to be the true political conference
23:41
for both parties, left or right. It's it goes back to the Bitcoin
23:44
meme. Bitcoin is for anyone.
23:46
Bitcoin is apolitical money. Bitcoin is for people that have
23:50
seen the empire corrode the corruption of the empire and
23:54
they're not happy with either side of the wing.
23:57
You know, they're not happy with the left side or the right side.
24:00
And we say it all the time, it's not left versus right, it is
24:02
orange versus green. So on today's topic, there's
24:07
been rumors that Kamala Harris was supposedly showing up to the
24:10
Bitcoin conference. But I want to start with our boy
24:13
McShane, who works at the Bitcoin conference.
24:15
He's helping the programming. And I think this is a good
24:18
context to explain what I think is the significance of this
24:22
conference. We know in a, in a week or so,
24:24
we're going to see the DNC, the Democratic National Convention,
24:27
have their, you know, their, their, their side to tell their
24:31
story. Should be interesting to hear
24:34
what they say. We just had the RNC last week,
24:37
and it's going to be interesting to have the Bitcoin conference
24:41
right in the middle of that so you can shine light on to what
24:44
is actually going on in the world.
24:46
And again, as much as Bitcoiners hate this idea that Bitcoin is
24:49
political now, I think Bitcoin is shining a light on just how
24:53
ridiculous the political process is and how Bitcoin is the true
24:57
freedom movement. So if you're on the fence on
24:59
either side, you got to join Bitcoin because Bitcoin is the
25:03
real freedom movement. But again, as McShane writes, as
25:06
the classic quote goes, there are decades where nothing
25:08
happens and there are weeks where decades happen.
25:11
Brace yourself, hashtag Bitcoin. And of course, he's talking
25:15
about what we're going to see come out of the Bitcoin
25:18
conference 2024 in Nashville. So just laying some context
25:22
here. Yesterday we heard some news,
25:25
some grumblings on Twitter that Kamala Harris's camp reached out
25:28
to Mark Cuban, which on its own is kind of like it's, it's kind
25:32
of some interesting signal. But also remember, Mark Cuban's
25:35
just a recent convert to the Bitcoin message.
25:38
She's classically been saying that, oh, I'd rather own bananas
25:41
in Bitcoin. And now he's the Bitcoin expert
25:44
in the Fiat clown world in OverDrive.
25:46
Anyways, Mark Cuban says Kamala Harris's camp reached out with
25:49
multiple questions about crypto. I'm getting multiple questions
25:52
from her camp about Bitcoin. So I took that as a good sign.
25:56
The feedback I'm getting, but certainly not confirmed by the
25:59
vice president, is that she or rather the presidential nominee
26:02
now that she will be far more open to business, AI, crypto and
26:06
government and as a service, Cuban said.
26:09
Which I think I might debunk that by the end of this.
26:13
I have questions. Yeah, exactly.
26:16
Thoughts. I have doubts.
26:20
I think we're gonna thoroughly debunk this post.
26:22
But anyway, we heard some grumblings yesterday that
26:26
they're reaching out to Mark Cuban to talk about Bitcoin.
26:28
And then of course, we heard the rumor, which I'm sure if you're
26:31
on Twitter, you heard as well. David Bailey says that they were
26:33
in the talks with Kamala Harris to show up at the Bitcoin
26:37
conference. I know everyone I was talking
26:39
with yesterday was like, whoa, Kamala Harris is going to show
26:42
up to the conference as well, which would be super interesting
26:44
considering there is, I think, about 7 senators that are going
26:48
to be at the Bitcoin conference. Of course, Trump speaking at the
26:51
conference. So it would have been very
26:53
interesting, to say the least, if Kamala Harris showed up at
26:55
the conference conference as well.
26:57
And of course, it would be interesting to see how the
27:01
legacy media responded and of course, how the Bitcoiners in
27:04
the room responded. But anyways, moving forward,
27:07
this morning, we heard the news from David Bailey that Kamala
27:10
Harris will not be speaking at the Bitcoin conference.
27:13
And if you read the tweet before, he was kind of favorable
27:16
to the idea of Kamala Harris. And then this morning, he kind
27:19
of, he kind of just like pulled no punches.
27:21
He goes no surprise. What can she say to us when
27:23
she's actively imprisoning developers, forcing industries
27:26
overseas, attacking proof of work?
27:28
It would have been a disaster for her.
27:31
All eyes on Trump now and getting some more commentary
27:34
from other notable bitcoiners. We got Kate and long and she
27:37
goes agreed. Unless she announced that she'd
27:39
already fired all the war nights in the federal agencies who are
27:42
still trying to kill the US Bitcoin and crypto industry, she
27:46
would have been booed heavily. Let's not forget that Elizabeth
27:49
Warren has endorsed Kamala Harris as president.
27:51
So I think long pulling no punches here and you know to
27:57
really double down on this idea, you know, Mark Moss says the
28:01
same thing. You can't expect someone who
28:03
openly is against freedom to come speak at a freedom crowd
28:06
about freedom money. So not surprised that she pulled
28:09
out and then digging deeper this morning actually self showed
28:12
this to me. I'm not going to play this
28:14
video, but definitely go check this out on Peterson on just
28:16
twitters is he did this video on what are Kamala's economics?
28:21
Where does she stand? And as Peterson on just
28:23
thoroughly destroyed in this video, he goes going by her
28:26
Senate record and what she's done as Veep, she's
28:29
substantially left to left of Joe Biden.
28:32
You know, going by nonpartisan government track, she's to the
28:35
left of Bernie Sanders, which sounds kind of interesting here.
28:40
And doubling down Peter St. odds continues to go.
28:43
Kamala's father was a development economist, one of
28:46
the most communist subfields in economics, and he's a post
28:49
Keynesian, which is the most communist wing of the
28:52
Keynesians. In other words, red diaper baby.
28:55
So doubling down on this. Didn't she put out like this
28:59
animation where she talks about how equity is is necessary like,
29:06
and she did it in her, this was for her 2020 campaign.
29:10
She talked about how equity is necessary to lift people up so
29:14
that we can all get to the same place.
29:16
News flash, that doesn't work with Bitcoin.
29:19
You buy at the price you deserve, you stack the stack
29:22
that you deserve. And you know, there's a reason
29:26
that we say have fun staying poor.
29:28
That's all I'm gonna say. 100% And I'm glad that you brought up
29:32
the idea of equity because I'm not here to just bash the
29:35
Democratic Party. I know, I know we kind of trend
29:39
towards that idea because we are freedom minded.
29:41
We do love property. We are first amended Maxis.
29:44
Of course we're second amended Maxis.
29:46
We believe in the Constitution and we want our politicians to
29:50
abide by the oath that they agreed upon when they got in
29:54
positions of power. And the Democratic Party, of
29:57
course, they seem completely detached from their, the
29:59
Democratic voters, but I don't think it matters to them because
30:04
there's a lot of things that they talk about, of course,
30:06
equality, they're huge on big government.
30:09
You know, they, they love the central banks, which we could
30:11
argue both sides kind of love the central bank.
30:13
But as Peterson Onge was mentioning, her dad was
30:17
basically part of the Communist Party, one of the, one of the
30:21
most, how did he say it? One of the subfields in
30:26
economics which is definitely leaning very left, very
30:30
collectivist and, and just doubling down on this guys,
30:33
remember we brought this up a lot on the show.
30:35
Again, this isn't just to dunk on the Democrats here because
30:38
I'm sure there's a lot of progressives out there that mean
30:41
good and and they do actively want change and that's what we
30:45
all want here. It's really about getting to
30:47
consensus of how is this change going to happen?
30:51
Can we trust these institutions? Do they even have our best
30:54
interests in mind? Well, let's go to some of the 10
30:57
planks of the Communist Manifesto to just kind of show
31:01
you that the Democratic Party as they are running on the
31:04
platform, a big government of more taxes of equality, how this
31:09
just fundamentally is opposed to Bitcoin at large.
31:14
And you know, you, you can claim to be progressive if you want.
31:17
We're not here to dunk on you. We're just showing that the
31:20
political power on the left at the top, they of course, have no
31:25
choice but to hate Bitcoin. And so here we go, some of the
31:28
templates of the Communist Manifesto.
31:30
Abolition of property and land and application of all rents of
31:33
land to public purpose. Bitcoin is property, A heavy,
31:36
progressive or graduated income tax.
31:39
Abolition of all rights of inheritance.
31:41
Confiscation of the property of all immigrants and rebels.
31:44
The centralization of credit in the hands of the state by means
31:48
of a National Bank with state capital and an exclusive
31:50
monopoly. The centralizations of means of
31:53
communication and the transport in the hands of the state and
31:56
equal liability of all the labor.
31:58
Establishment of industrial armies, especially for
32:01
agriculture and free education. Guys, all of this is
32:05
fundamentally, diametrically opposed to what US Bitcoiners
32:10
believe. We believe in freedom, we
32:13
believe in property, we believe in free speech.
32:15
We obviously believe. Well, personally, you know, I'll
32:18
say this to myself as a Christian.
32:20
I believe that everyone is equal under the eyes of God, but no
32:24
one is equal by any respect on planet Earth.
32:27
Some of us are taller, some of us are smarter, some of us are
32:31
more athletic. Yes, we can think of ourselves
32:34
as equal in respect that we're all human, but none of us are
32:36
equal. And when you see the political
32:41
left, the collectivist talk about equality, they don't mean
32:44
equality of opportunity. They mean equality of outcome,
32:48
which literally means to the lowest common denominator.
32:52
So a lot of the Democratic elite rhetoric coming out, whether
32:57
it's a central bank, whether it's more taxes, whether it's
32:59
bigger government, whether it's equality, are fundamentally
33:03
opposed to what Bitcoin stands for.
33:05
And so it's no surprise that Kamala Harris backed out.
33:07
Not only would she have probably been booed at the conference, I
33:13
don't think they were. They would have been able to
33:15
catch her up to speed enough to even speak to a room full of
33:20
Bitcoiners. So I think as David Bailey said
33:23
over here, you know, love them or hate them, I think he's got a
33:27
great, great follow up tweet to this.
33:29
And he goes, choice is simple, really.
33:31
Trump pump or Biden dump, Here we are, guys.
33:35
Whether we like it or not, politics has landed on our door.
33:39
And it's going to become a defining political conversation
33:42
in the presidential election in 2024.
33:45
So I'm very excited to see what Trump says at the conference.
33:47
I believe it's gonna be Friday and now we're going to see that
33:51
more people are going to have to have a viewpoint.
33:53
The fact that they even considered to come to the
33:56
Bitcoin conference, the Kamala Harris campaign, I think is just
33:59
more signal of where the movement is going, where the
34:02
trends are going. And again, I'm not surprised she
34:05
pulled out. But anyways, let me pull it back
34:08
here and Sophie unleash. Can I just say this would have
34:12
done numbers, the memes, the memories.
34:16
This would have actually been so good.
34:18
I actually wanted to hear what she had to say about Bitcoin
34:23
because imagine if, you know, it could have gone our way.
34:26
Imagine if she would have gone the other way against her party
34:31
and said, actually, we're going to try to make Bitcoin legal
34:34
tender. Actually, we're going to try try
34:37
to, you know, have some sort of reserve of Bitcoin on the the
34:42
Ledger. But she completely pussied out.
34:46
And it's because she knows, she knows that she, you know how it
34:51
went for Donald Trump in the libertarian convention.
34:56
And he's, and he's, you know, for, for what it's worth, he's
34:59
not a libertarian, but he's a little bit closer than someone
35:02
like Kamala Harris. Imagine someone like Kamala
35:05
Harris speaking to a room of Bitcoiners.
35:08
It would have been, listen, they would have been handing out
35:11
popcorn at at the Bitcoin conference.
35:13
They would have been handing out popcorn because that would have
35:16
been the most entertaining thing on like of the year.
35:21
And and again I repeat, the memes would have been amazing
35:24
But 100% we know where they stand. 100% again, what do we
35:30
say on the show all the time? Bitcoin has, you know, a very, a
35:34
very strong power of exposing people's incentives.
35:38
And the fact that they pulled out, I think just shows that
35:42
they are obviously, and you could argue that all politics
35:45
are this way. They are obviously not in favor
35:49
of freedom money. And as Kate and Long said, we've
35:52
seen what the Biden administration has done.
35:54
Kamala Harris will be an extension of the Biden
35:56
administration. They put Bitcoiners in jail.
35:59
They tried to stop proof of work in America.
36:02
They've tried to tax the Bitcoin industry.
36:05
And as a Bitcoiner, I don't really like the idea of a, you
36:08
know, 11 issue voter, but it's becoming very clear.
36:12
There is one side that is for Bitcoin and there's one side
36:15
that is actively against Bitcoin.
36:17
And I mean. Without this, with This is why
36:21
it's an important single issue unlike any other single issue
36:26
out there, and why you should be a single issue voter on Bitcoin.
36:29
Because without the money, without the money printer, these
36:34
people cannot go to war, cannot enable corruption, cannot enable
36:40
the things that have started deteriorating the country in a
36:43
way that has been unstoppable. If you fix the money, you fix
36:48
the world. If you fix the money, you fix
36:50
the incentives and you fix the way that people behave, you make
36:54
a safer society. You make a better society.
36:57
Look at what happened to El Salvador when they adopted
37:00
Bitcoin. It didn't just change like
37:03
because of like the violence and whatever, but people are more
37:08
people have a renewed hope in that country.
37:10
And that's kind of what I'm looking forward to in our
37:14
country. I think that for a long time
37:15
we've been very divided and Bitcoin might just be that
37:19
single issue that brings us all together.
37:22
Well, it's becoming very clear that the, if you do vote, we'll
37:25
give you, we'll give you that if you do vote, it's becoming very
37:29
clear which side as a Bitcoiner you would vote on.
37:33
And I know a lot of Bitcoiners say, oh, voting's fake.
37:35
I'm never going to vote again. You know, I, I only worry about
37:38
myself and my family. Well, it's becoming very clear
37:41
that one side will actively. Yeah, no worries, No worries.
37:45
Gotta go get my baby. Hold on hold.
37:47
On one side is actively will not allow you as an individual to
37:52
just seek your your own sovereignty, your own
37:55
independence. And so again as a Bitcoiner
37:58
becoming very clear that we need to get involved in some way as a
38:03
movement. Bitcoiners are extremely strong.
38:05
I've seen this in the past last year, that when something
38:09
happens that Bitcoiners don't like, we come out in waves and
38:12
we are a huge voting block. So as Max Keiser says, he who
38:17
has the Bitcoin makes the rules. So it's very obvious why they
38:21
are trying to get political favor of Bitcoiners because not
38:24
only are we going to have the best money in the world, but as
38:27
a group, as a cohesive group, Bitcoiners are extremely
38:30
powerful. But enough ranting from us.
38:32
Jason. What's your thoughts on Kamala
38:35
Harris pulling out of the Bitcoin conference?
38:38
Did you even believe she was going to come to the Bitcoin
38:40
conference? Well, never all this.
38:42
Did you see this on social medias yesterday?
38:45
I did, I did after you and I never I I'm not surprised that
38:50
she pulled out one bit like like you were saying and and Sophie,
38:55
you know, the she would have really had a lot of work to do
38:59
to catch up and to truly understand what or even attempt
39:04
to partially understand what the hell Bitcoin is and what it does
39:08
and and what it means for this country and this planet.
39:12
I, I am amazed everyday at our politicians and and the way
39:19
things swing from one one day to the next.
39:23
I, I as much as I haven't liked Trump and been a big fan in the
39:29
past when he came out of in in favor of Bitcoin.
39:33
Man, it really just it it makes all the difference and and I
39:38
know look, I I'm not so naive as to think that this is fixes
39:44
everything that we have going on wrong with Bitcoin and and all
39:48
of our struggles that we still have yet to come for for
39:52
everybody working in this in in this industry, in this field on
39:59
this change, man, but you know it it's it's any.
40:05
Any, any publicity is good publicity for Bitcoin, man, I, I
40:10
just we're going in the right direction when we get more and
40:13
more people talking about it. I, I myself have actually had
40:17
not previously been super big into politics, but I certainly
40:22
reached out to my local representatives, my state
40:26
representatives, my city Alder and I actually had to put my
40:31
Alder on notice. I sent him 3 emails and on the
40:34
third e-mail when he wasn't responding because I wanted to
40:36
talk to him about Bitcoin and kind of what I'm doing with it.
40:40
I basically let him know that I, I didn't think this was
40:43
acceptable as a, as a person, a homeowner in his district and
40:48
then and that he better talk to me.
40:51
And sure as heck. He, he reached right out as soon
40:54
as he got that e-mail and, and it just is, it's just amazing to
40:57
me when, when we start putting the information in the right
41:04
people's heads that we can get some change to happen.
41:09
You know, and, and I didn't know this about my elder, but he's an
41:12
economics major. And when I met with him, we sat
41:16
down and had coffee and, and a little lunch together, talked
41:19
about an hour and a half about Bitcoin and, and kind of what it
41:23
can do for us as a human race, what it can do for my residents
41:30
in particular, what it can do for industry in particular.
41:35
How, how we can, you know, really enact some change that
41:40
will be for the better and, and changes people's incentives.
41:44
And at the end of it, I mean, he certainly wasn't orange build.
41:47
He didn't go out and buy any Bitcoin, but he was talking to
41:50
me about how much money he's got saved and why he's got it in the
41:53
money market and asked asking me questions and I sent him some
41:57
resources. And you know, it just gets the
42:00
ball rolling and and you know, we can all do that.
42:04
Every single one of us across this country, every single one
42:08
of us across the planet can start to have those
42:10
conversations. And you never know.
42:12
I mean, the one person that you talked to today about it, they
42:18
may go out and tell 100 people, they may have a huge audience
42:23
and, and a huge amount of influence on some people that
42:26
can really enact some change for us.
42:29
And, and at the same time, if they don't, that's OK too.
42:33
But that one person just thinking about it a little
42:36
differently, thinking about the monetary system a little bit
42:39
differently, thinking about how we've lived in this horrible
42:44
just struggle. You know, this, this inverse
42:50
incentivized kind of world where everybody's looking to like grab
42:57
as much money as they can today because you know, it's not going
43:00
to be worth anything tomorrow or a lot less tomorrow.
43:03
And so you're in sent you're it's perverse, man.
43:06
It's just completely incentivized the wrong way to
43:10
try and steal from the future the the value of what you're
43:17
putting out today. And it just, it just doesn't
43:21
work when when you're up against, as Jeff Booth would
43:25
say, right, the deflationary kind of forces of the market of
43:28
a free market. And so when when you've got
43:31
prices trying to fall and, and you're trying to run a credit
43:36
system based on that, that that math just does not add up as I
43:42
think what was it Greg Foss would say as well?
43:45
You know, the math, it's just math, man.
43:47
That it, that is it. And sorry, I kind of went on a
43:50
little bit of a rat there, but. No, it was great.
43:52
It was great. It was great.
43:54
It was. A little excited sometimes.
43:56
Well, I mean, this is, I think as a Bitcoiner, what we always
44:01
talk about. I think a lot of people are
44:04
disgruntled with politics, with the Fiat system.
44:07
They just don't know what the solution is.
44:09
And of course we always say here at Simply Bitcoin, it's simply
44:12
Bitcoin, fix the money, fix the world.
44:14
It's a very simple process of people taking their energy out
44:19
of the Fiat system. And I know a lot of Bitcoiners
44:21
like to, you know, talk smack on politicians.
44:25
They they call them dumb or ill informed.
44:28
And we like to say it's just their incentives that are are
44:31
misaligned. And they're smart enough to know
44:34
that they need Bitcoin, they need Bitcoiners.
44:37
It's not that we as Bitcoiners need politicians.
44:40
They need Bitcoin to succeed just like basically everyone
44:44
else. And I think it's very
44:46
interesting. The signal here is probably the
44:48
fact that Kamala Harris even considered coming to the Bitcoin
44:52
conference. This is how far our movement has
44:54
come, not only in the last few years, but in the last 15 years.
44:59
And this is, I think, further proof of where we are going.
45:02
We've been saying this for a while on the show that we really
45:04
believe that Bitcoin is going to make it into the mainstream
45:07
conversation because it's the only thing that will actually
45:10
fix the system. You can't fix the system from
45:12
within the system. There's no possible way of
45:14
voting our way out of this. Even if you are going to vote,
45:18
doesn't matter who you vote, it's going to be the same as it
45:21
was before. But there is a great comment
45:23
here by our friend BTC Believer and he goes, it's unfortunate,
45:27
but politics ruled the world. You gotta play the game if you
45:30
wanna win and Bitcoin wants to win.
45:32
And I know a lot of people that hang out with this in the chat
45:35
are always like, I tune out of politics.
45:38
I, like Jason, had been completely tuned out of politics
45:41
until becoming a Bitcoiner and realizing that as a political
45:46
movement, Bitcoin will win. It's going to win.
45:49
And there is. There is.
45:51
I'm not understating that point. Bitcoin is the best money.
45:56
The way politics work is because of the Fiat money, and now we
46:00
have the best money and they have to garner our favor
46:03
anyways. Jason, pop in before we jump
46:05
into the culture. So I'm not just cutting you off.
46:07
Yeah. Man, sorry, I'm not trying to
46:09
cut you off either, but I just want to I mean absolutely 100%
46:14
everything you're saying, we as bitcoiners have to be the
46:20
information, the data that gets put into our politicians minds.
46:26
I, I spent 45 minutes on the phone with my state senator,
46:31
Tammy Baldwin here in the state of Wisconsin, totally dachshund
46:35
where I live. But whatever, it's all good, you
46:38
know, and, and at the end of that phone call, when I told him
46:42
about how I'm using, utilizing Bitcoin, he, he was like blown
46:48
away. And he was like, I'm so glad we
46:50
had this conversation. I need to, I, I can see, I
46:53
definitely need to learn more about Bitcoin.
46:56
And, you know, at the end of it, I was like, dude, call me
46:58
anytime you want. I'm happy to talk about Bitcoin
47:01
for sure. I can talk for hours about it.
47:04
So let's just fucking go, man. And, and, you know, that
47:07
information is then trickling up slowly to his boss, Tammy
47:12
Baldwin, and Tammy Baldwin is slowly going to trickle that up
47:15
to whoever the heck it has to go to, you know, and, and when I, I
47:21
think for a while, Bitcoin kind of had this idea or this, this
47:25
incentive where a lot of people were afraid of it burning down
47:30
the world. And you know, I, I can recall
47:33
hearing like, let's just burn it all down and rebuild it all.
47:36
And, and that, that is one way to go about things.
47:40
But when you, when you throw out all the fear and the pain and
47:45
the suffering that would come along with that, we have got to
47:48
change the incentives for the people that hold the power in
47:52
government to view it differently so that we can
47:56
continue to progress it. Now, I'm not saying that I'm
47:59
100% all about government. I think government fucking
48:03
sucks, man. And there should be a hell of a
48:05
lot less of it. People are just, there's way too
48:08
many of them out there. And, and it does not need to, we
48:16
don't need to be governed the way we've been governed for the
48:19
last 200 plus years. Now we can change the
48:22
incentives, we can change that structure and we can do it in a
48:27
way that doesn't cause tons of pain and suffering.
48:30
We don't have to blow ourselves up fighting all these crazy wars
48:34
over who has the freaking rights to the oil or the rights to the
48:37
gold or the rights to whatever the hell it is or who's freaking
48:42
God is right, right. I mean, it's just like, come on,
48:45
we all live on this planet. Together we can make this work.
48:49
And I I think Bitcoin gives us at least sets our incentive
48:54
structure a little more straight and and allows us to work
48:59
together a little better. 100 percent, 100%, Jason and you,
49:05
you mentioned a point here. Let's not forget that the US
49:07
government is the biggest employer on planet Earth.
49:10
This is why these incentives are so misaligned.
49:13
This is why so many people, whether they want to or not, or
49:17
whether it's just because it's based on their career, they kind
49:20
of have to hope for the government to expand, to
49:23
continue as it's been. And it, it's a new era, it's a
49:27
new time. We have a new money, we have a
49:29
new movement coming out. And I think moving forward,
49:32
Bitcoiners are going to become an even bigger part of society,
49:35
whether you're in America or not.
49:37
It's a grassroots movement. And as Jason is saying, it
49:41
literally starts with having the conversations with people around
49:44
you, your friends and your family and figuring out ways
49:47
that we can get involved and get our message out.
49:50
And more people learn about the benefits of Bitcoin, which is
49:52
what we try to do here every single day, is Bitcoin allows us
49:56
to live a better life. And I think that's what most
49:58
people really are after. They just want to live a good
50:01
life and they just don't know how to do it.
50:03
A lot of people are confused, they're lost, maybe they don't
50:05
have enough time to sit around and do hundreds and thousands of
50:09
hours of Bitcoin research. They just want a simple
50:12
solution. And of course, we always say it
50:14
is simply Bitcoin. And on that note, Jason, you
50:17
gave me a perfect segue about all the cool stuff you are
50:20
doing. And I think a lot of people are
50:22
going to get their mind blown here and wish you were there.
50:25
Landlord here. So let's get into the culture
50:28
and we'll talk about that. The daily culture.
50:38
All right, guys, as we've been talking about on the show,
50:42
Bitcoin is gonna be a powerful, powerful movement.
50:44
And it's very important that you get in touch with Bitcoiners.
50:48
It's very important that you continue to expand your
50:52
relationships into the meat space.
50:53
And they're not just on Twitter. And so if you're the lone single
50:57
crazy Bitcoin in your community, get on the Orange Pell app and
51:01
stack friends who stacks that. If you're in Nashville, I mean,
51:05
Jason, Jason was just telling me he was messaging Nico this
51:08
morning about coming on the show and how he's so hyped to come on
51:11
the show. Guys, this is how you're able to
51:13
communicate with your favorite bit corners.
51:15
Find bit corners in your community.
51:17
Find local meet ups, maybe create a local meet up so that
51:20
you can start to create a Bitcoin community again.
51:23
Go to orangeplab.com. Stack friends who stacks that.
51:27
OK, on that note, as I adjust these camera angles real quick,
51:33
I was talking about all the cool things Jason was doing.
51:35
He was kind of blowing my mind earlier.
51:38
Let's start with, let's start with your latest stack of news
51:43
article. You were telling me before the
51:45
show that this is what's top of mind for you.
51:48
It's how it's how Bitcoin flips on its head the time value of
51:52
money. So maybe start with what is the
51:54
time value of money for those uninitiated and how Bitcoin
51:58
changes that dynamics. Yeah, for sure, man.
52:01
So you know, I Google's definition, many definitions,
52:07
the time value of money is basically that any sum of money
52:10
today is worth more than that same sum of money in the future.
52:16
And so that's kind of what the the credit system has been built
52:19
on, what the debt system has been built on, kind of how I got
52:23
into my business a little bit. So where I run run apartment
52:30
complexes. Now you know that when you go
52:34
through an economics class in school or business management
52:37
class in school, they teach you about the time value money.
52:40
And everybody preaches that, that that money you, the money
52:44
you have today is more valuable than the money that you have in
52:47
the future. And to me, when I think about
52:50
Bitcoin and living in a, in a hyper bitcoinized world, that
52:56
paradigm is completely flipped on its head, man, the value of
53:01
the Bitcoin that you have today is worth less than the value
53:06
that, that Bitcoin's gonna have in the future.
53:10
And that's just by its, its scarcity.
53:14
It's, it's not it, it, it just isn't.
53:19
When you can't make more of it, it has no choice but to become
53:24
more valuable as more and more people adopted and more and more
53:27
people use it and it slowly eats away all the value that is in
53:33
the current kind of credit slash debt based system, right.
53:38
And so that's kind of what got me thinking about my apartments,
53:44
man. And so I, I have been working in
53:48
the apartment industry now for over 27 years in various roles
53:55
throughout throughout that time frame.
53:58
And generally speaking, it's been in the affordable world.
54:05
Currently, I, I work really almost 100% in the project based
54:11
Section 8 world. And so I, I deal with the
54:14
government regularly and, and I deal with trying to figure out
54:18
ways to do more for my residents with the money that I got.
54:23
And, and it just seems like that that system has been broken and
54:28
is broken and, and needs to be corrected.
54:31
And so when my wife and I bought our own apartment buildings, we
54:35
own two small apartment buildings, a three unit and a
54:38
four unit building. You know, we made a commitment
54:41
to each other that we were going to buy these buildings and, and
54:45
maintain the rents at an affordable quote UN quote
54:50
affordable rate less, less, at least 10% less than what the
54:53
market rate rent would be. And you know, we were able to
54:58
buy our buildings at a what I thought was a fair price at the
55:03
time. Although when I look back on,
55:06
you know, our first building that we bought and at the end of
55:08
2016, had we used the down payment at that time to buy
55:12
Bitcoin, we would have been able to buy 70 Bitcoin.
55:16
And I can tell you that my building is not worth what 70
55:20
Bitcoin is worth today. So, but that being said, I, I
55:27
was racking my brain over this incentive idea and and this and
55:31
and this flip paradigm of the value of money and, and what the
55:36
value of Bitcoin is what that number go up technology, right,
55:41
is and means to Business Today. And, and I think a a lot of
55:48
people, and I'm sorry my, my throat, I'm not feeling the best
55:52
today, but a lot of people building in, in our industry
56:00
right now in, in Bitcoin on Bitcoin have still have the, the
56:06
kind of the Fiat mindset and are trying to kind of recognize or
56:12
realize what that means when you start to add Bitcoin to it.
56:17
And, and the fact that we all love that number go up
56:20
technology. That's all fine and good, but I,
56:24
I just, I, I, I kept coming back to this time value of money
56:29
thing and and value of Bitcoin being more in the future led me
56:34
to believe that I can, I can offer a different incentive
56:38
structure to my residents. And So what I did is after
56:43
talking with my better half, came to the decision to offer
56:51
rent payments to be accepted in Bitcoin from all of our
56:56
residents. And little did I know at that
56:58
time, but one of my residents was AI want to call him just a
57:05
Bitcoiner, but he he still maybe even still dabbles in shitcoins
57:11
as well. But he did reach out to me and
57:15
and took me up on my offer to pay rent in Bitcoin and and to
57:20
learn more about the incentive structure that I wanted to offer
57:23
him. And so knowing in my head that
57:28
the future value of Bitcoin should generally go up.
57:33
Now obviously we all know it's volatile as hell right now,
57:38
right? It kind of goes through some
57:40
cycles and even with that being said, the general direction is
57:47
up and to the right over the 15 year plus little over lifespan
57:53
of Bitcoin. And so with that in in mind, I
57:56
thought I could offer my residents 5050 split in the any
58:03
future price appreciation of that Bitcoin that they pay me.
58:08
And at that time, it was for up to six months after they pay it.
58:12
And so that's kind of been the incentive that I've been using
58:15
there. And I'm, you know, I'm, I'm
58:19
rambling a little bit here and I'm going on from one thing to
58:22
to the next, but it's great. It's great keep.
58:26
Going keep going all right man I'll I'll keep going for sure so
58:31
yeah so I, I, I came up with that incentive structure he and
58:35
I kind of talked about it and and he liked the idea and we
58:39
decided that we'd run with it and kind of see where it goes
58:41
and so I started back in November of last year I started
58:45
accepting rent from him or them in in Bitcoin and for the last
58:52
three months they over the last three months they've saved over
58:56
$1000 total off their rent. So the way we worked it out at
59:02
the time was that I would offer them either a return of Bitcoin
59:08
in the value that was equal to half of that appreciated price
59:12
or I would offer them a rent credit on the next month's rent
59:17
that was equal to that that Fiat value.
59:21
And so that's the option that they chose and, and are
59:24
continuing with today you know obviously that past results do
59:31
not dictate what future results will be and based on the
59:36
volatility of Bitcoin that that there will certainly be months
59:40
where they don't recognize any appreciated value.
59:45
The the kind of the kicker here is I gave them the option to
59:50
lock in that appreciated value at any time they want.
59:54
And so during that six month period, so it's not like they
59:58
pay it in and then in six months they have to take whatever that
1:00:01
price is, they pay it and at any time.
1:00:05
So if there's a freaking God candle or whatever the heck
1:00:08
happens, happens and they want to lock in that appreciated
1:00:12
value. I mean, they could end up not
1:00:16
paying any rent for a month or two months or three months.
1:00:18
And I am absolutely good with that because that means that
1:00:22
Bitcoin that they paid me. I also recognize that much
1:00:27
additional value. And so for me giving them the
1:00:30
rent credit or giving them the Bitcoin return that that is a
1:00:34
that's a wash on that 5050 split.
1:00:38
And I'm good with that because I also know that the future value
1:00:42
of the Bitcoin that I still have from them is going to continue
1:00:46
to go up. And so I mean, I think this
1:00:52
business model is a model that anybody can use.
1:00:57
For me, for anybody, it's just a a cash flow management issue
1:01:02
right now. So I have to manage my Fiat cash
1:01:06
to ensure that I've got enough people paying in Fiat that I
1:01:10
don't have to sell Bitcoin and realize the capital gains tax or
1:01:14
whatever. I do, however, I do it in the
1:01:19
future so that I can pay my, my current bills, but what I, what
1:01:26
I'm doing is taking all of that Bitcoin that they're paying and
1:01:31
just saving it. That that now becomes the cash,
1:01:34
my quote UN quote cash, my Bitcoin reserve for the
1:01:38
building. And as I continue to pay off the
1:01:41
loan on the property, I'm able to now demonetize the Fiat value
1:01:47
of that building and recognize the Bitcoin value of that
1:01:51
building going forward. And so I think this is a
1:01:55
business idea or a business model that more people have to
1:01:59
start adopting. And again, there's, there's
1:02:03
barely any risk as long as you're not over leveraging
1:02:06
yourself and you're doing a good job managing your cash flow that
1:02:12
you, anybody can do this. And and I would argue that this
1:02:19
is the orderly and kind of neat fashion to demonetize the world,
1:02:25
the especially the real estate value of the world in a in a
1:02:30
orderly fashion that doesn't create Max pain and that doesn't
1:02:34
create Max suffering. And that doesn't piss off
1:02:38
millions, if not billions, Well, maybe not billions, but mill
1:02:42
certainly millions, hundreds of millions of people who all of a
1:02:47
sudden lose, you know, lose all the value that they had stored
1:02:51
in their property across this planet.
1:02:53
So it really, Yeah, man, it really.
1:02:58
As as I was saying earlier, you know, I wish you were my
1:03:00
landlord. This it sounds awesome.
1:03:04
I think, I think the general question for people in the chat
1:03:07
is are you at risk for, you know, potentially not paying
1:03:11
your mortgage? Of course, you don't have to dox
1:03:12
yourself completely, You know, like what?
1:03:15
What are the concerns that if people want to implement this
1:03:18
strategy, like what are the things that they have to
1:03:21
consider? Yeah, man, they, so you got to
1:03:24
consider your cash flow management and you got to not be
1:03:27
overly leveraged. So the one thing that my wife
1:03:31
and I did as we, you know, got into this field and started
1:03:35
buying real estate is we made a concerted effort that we, we, we
1:03:40
made the decision that we are not going to leverage, continue
1:03:45
to leverage and try and pull out that quote UN quote, equity or,
1:03:51
or, or value in Fiat terms out of those buildings by
1:03:56
refinancing them, you know, over and over and over again.
1:04:00
And, and then taking, pulling that cash out, which is what
1:04:05
that's one of the main ways that people in the real estate world
1:04:11
make their money. And, and when you stop that, it,
1:04:16
it makes it very easy for you going forward to know what your
1:04:21
debt load is, know what your, your mortgage payment is, all,
1:04:27
all your, all your sunk costs are, and be able to manage what
1:04:33
the, the, the rent that's paid in, in Fiat and in Bitcoin
1:04:39
terms. So like if all four of my
1:04:41
residents would have said, yes, sign me up for this deal, I
1:04:45
would have had to go to them and say, look, I'm happy to offer it
1:04:48
to all four of you. But in order to manage my cash
1:04:52
flow, I can only accept 80% or 70% or 60%, whatever the the,
1:05:00
the amount of Fiat I need to pay my Fiat bills in.
1:05:06
And then the rest I can offer you in Bitcoin terms, you know,
1:05:11
for me at this building, like I said, we've owned it since 2016.
1:05:16
So you know, we're eight years plus into it a little bit here.
1:05:21
Our our leverage and our debt, our debt coverage on the
1:05:24
building is pretty small compared to the value of the
1:05:28
building. And so I'm actually thinking of
1:05:31
ways that I can take this and, and make this my full time job,
1:05:36
my 9:00 to 5:00 and, and try and turn this into a this it cuz it
1:05:42
gets even better. If I can turn this into a non
1:05:45
profit, If I can raise funds to for somebody to purchase this
1:05:52
property from me. Well, to give a non profit the
1:05:56
funds to purchase the property, then that nonprofit should be
1:06:01
able to simply pay my wife and I the the value that we're looking
1:06:08
to get out of the building, right.
1:06:10
And pay off the mortgage and then accept 98% or 95% of the
1:06:18
rent in Bitcoin from all four residents.
1:06:21
And then I can actually, you know, sit down with all the
1:06:24
other three and really kind of share with them how this how
1:06:29
this incentive plan is working for my other resident and how it
1:06:34
would be a benefit for them to pay in Bitcoin.
1:06:39
And how as again, as that Bitcoin is paid and, and the
1:06:46
only expenses become the maintenance and upkeep of the
1:06:49
building and maybe the taxes. Although in the state of
1:06:53
Wisconsin, as a nonprofit owner, you can get tax exemption for up
1:06:57
to 40 acres of property. And so that that property
1:07:02
wouldn't, it could get taken off the tax rolls more or less.
1:07:06
And so you could completely demonetize from a Fiat that
1:07:12
terms that that property and you could run it, like I said, 95%
1:07:18
on Bitcoin and all the Bitcoin that is paid could go right back
1:07:24
into basically into a savings into a, you know, cold storage
1:07:29
wallet for that property. And, and when things like the
1:07:35
major capital needs like the roof needs to be redone or the
1:07:39
parking lot needs to be redone, or you need to replace the
1:07:42
furnaces, whatever the cabinets, countertops, then you, you know,
1:07:48
you manage that, that reserve account and you sell some of
1:07:51
your Bitcoin to, you know, get the Fiat or you find hopefully
1:07:56
by that point in time, couple years down the road, you find a
1:07:59
vendor that's accepting Bitcoin and, and you kind of save
1:08:03
yourself potentially. Well, I guess that you could
1:08:07
argue that there's still be some capital gains tax on some of
1:08:10
that Bitcoin. So man, and, and then you could
1:08:14
even start reducing the rent on top of it.
1:08:16
I mean, it, it, it gets to that point where as the value of the
1:08:21
Bitcoin that is held in reserve continues to go up.
1:08:25
If you had 10 bitcoins sitting in a reserve account right now
1:08:28
for that property, it would be more than it would that that
1:08:33
value in Bitcoin terms would more than cover the cost of that
1:08:36
building and in Fiat terms. And so you actually as as in a
1:08:41
non profit owner could actually go to your residence and you
1:08:44
could say, look, you sign a when you move in, you will never pay
1:08:48
more rent. And as the value of that Bitcoin
1:08:52
continues to go up, you can start reducing that rent.
1:08:55
And so not only now are, are people it, it, it's just
1:09:01
they're, they're saving money more in Fiat terms, but then
1:09:07
they're, they're gaining on the world.
1:09:09
I mean, it just, you would, I, I think you'd end up in a place
1:09:13
where people just wouldn't ever move out of their apartments
1:09:15
because their rent would continually go down and down and
1:09:18
down, not just in the Fiat Bitcoin terms, but in the actual
1:09:26
amount that they would have to pay in Bitcoin terms because the
1:09:31
value of the Bitcoin goes up. It it it's mind blowing man.
1:09:36
Got it? Well, as the meme goes, the life
1:09:38
gets cheaper on the Bitcoin standard.
1:09:41
ABS a freaking movie. Then wrapping up the show,
1:09:43
what's the last two sats you want to leave with the audience?
1:09:46
It could be about anything life. It could be about Bitcoin.
1:09:49
What's the final message you want to leave with the audience
1:09:51
today at Simply Bitcoin? Stack sats and stay humble.
1:09:56
That's it man, let's fucking go. Let's go.
1:10:00
Awesome, Awesome. Well, Jason, do you know your do
1:10:04
you know your end pub here? How can people find you?
1:10:07
Where do you want people to go? Go reach your work, what you're
1:10:11
doing? Where can people follow you or
1:10:12
reach out to you? What?
1:10:14
What are your socials? Yeah, man, I I mean really,
1:10:17
Naster, I'm the commoner on Naster and on Stacker news, like
1:10:22
you said, that that's the best spot.
1:10:26
Get me there because yeah, I'm trying to get off X or Twitter
1:10:30
or whatever the hell that is. Love it.
1:10:32
Love it, man. All right, well, appreciate you
1:10:35
showing up to today's show, Jason.
1:10:38
Very, very interesting stuff you're working on and we'll see
1:10:41
if it starts to catch on. So appreciate you hanging out
1:10:44
behind the scenes while rap today's show up.
1:10:46
And let's close this one out. All right, guys, this was simply
1:10:50
Bitcoin episode 1038. We are simply Bitcoin.
1:10:55
If you like this content, if you think we're providing value like
1:10:57
share, subscribe, make sure people are waking up to the
1:11:01
Bitcoin signal. Make sure people are having
1:11:03
these conversations. As you guys can tell from
1:11:06
today's theme becoming a defining cultural conversation.
1:11:11
And it's going to be very interesting to see what comes
1:11:14
out of Bitcoin Nashville 2024 conference.
1:11:18
It seems like we might be going mainstream by the end of this
1:11:22
week. So it's going to be interesting
1:11:24
to see how the legacy media response.
1:11:27
It's going to be interesting to see what Donald Trump says, you
1:11:30
know, and I'm pretty sure Vivek and RFK Junior are going to be
1:11:32
here. There's a bunch of senators that
1:11:34
are going to be here. It's the spot to be.
1:11:36
So if you are in Nashville, hopefully I see you around.
1:11:40
If not, keep watching the stream.
1:11:42
Oh, on that note, guys, I think we are not going to have a
1:11:46
Friday stream because we're going to be on the news desk for
1:11:50
the Bitcoin Magazine live stream.
1:11:52
We don't have an official time yet, but I'm pretty sure that
1:11:55
Friday we won't have a show, but we will get you that content
1:12:00
later on and we'll clip it and make sure it gets on our
1:12:02
YouTube. So make sure Friday you're
1:12:04
watching the Bitcoin Magazine live stream.
1:12:06
I'm sure you will be doing that probably the Bitcoin content
1:12:13
that most people are going to be watching.
1:12:14
But anyways, really appreciate you guys showing up.
1:12:16
It's your boy Opti. This is episode 1038 and this is
1:12:19
Wednesday, July 24th. On that note, guys, have a good
1:12:23
rest of your day. Get outside, touch some grass,
1:12:25
eat some good food, get a workout in, you know, make sure
1:12:27
you are fit, mind fit body fit soul.
1:12:30
This is how we win is by you as the individual changing yourself
1:12:34
to further change the world. All right guys, peace out.
1:12:38
See you next week. All right, all right, sorry, see
1:12:39
you tomorrow. See you tomorrow.
1:12:42
It was brought to you by bitcoinwell.com on a mission to
1:12:46
enable independence.