Latest / Simply Bitcoin / Michael Saylor: Bitcoin is Winning | EP 796

Transcript

Michael Saylor: Bitcoin is Winning | EP 796 · Simply Bitcoin

• 0:15
  Yeah, welcome to Simply Bitcoin Live.
• 0:20
  That was a tongue twister. We are your number one source
• 0:22
  for the peaceful Bitcoin revolution.
• 0:23
  Code breaking news culture, Matic Warfare.
• 0:25
  We will be your guide through the separation of money and
• 0:28
  state. It's the Friday show.
• 0:30
  Super excited. Oh man, it's been, it's been
• 0:32
  quite a week. We're going to start, we're
• 0:35
  going to end it with some bullish news.
• 0:37
  Michael Saylor is going absolutely ham.
• 0:40
  We we know that this week he announced that he was going to
• 0:43
  sell 750 dollars, $750 million worth of micro strategy stock to
• 0:49
  stack more Bitcoin then he's going also on CNNBC.
• 0:54
  So basically say that there's a universal consensus that Bitcoin
• 0:57
  is winning, right. It's a decentralized global
• 1:00
  asset has no issuer the digital gold standard of digital
• 1:03
  commodities. Michael Saylor is going full
• 1:06
  balls to the wall. And.
• 1:08
  And again, if it was just Michael Saylor by by himself,
• 1:11
  you know, it'd be a different story.
• 1:12
  But you also have Larry Fink speaking wonders about Bitcoin
• 1:16
  also on legacy corporate financial media as well.
• 1:20
  This is a crazy time to be alive.
• 1:22
  I could have never have expected this five years ago.
• 1:25
  I can't even imagine where we're going to be 5 years from now.
• 1:28
  I think we're going to see, you know, a lot of Fortune 500 CEO's
• 1:33
  have no choice but to put Bitcoin on their balance sheet.
• 1:36
  I really think that this next cycle and the the cycle after
• 1:40
  that, you're going to see this massive wave of global adoption.
• 1:43
  So I could not be more bullish. All the stars are lining.
• 1:48
  But at the same time, while all this is happening, you know, on
• 1:51
  the political front like we covered yesterday or the day
• 1:54
  before, it's all kind of mixes together these days.
• 1:59
  We were talking about the Senator Cynthia alumnus and the
• 2:03
  Senator Warren bill. And you know, the wording in
• 2:07
  that bill was, was very troubling, right?
• 2:09
  You had this idea of of KYC minors, KYC wallet providers,
• 2:16
  KYC validators like how is that even possible?
• 2:20
  How is that even enforceable? We had the CEO of Start 9
• 2:23
  yesterday. You know, they make some of the
• 2:24
  best Bitcoin nodes in the business.
• 2:26
  And he was literally saying it, right?
• 2:28
  He's like that. That's that's impossible.
• 2:29
  They're not going to be able to do this, but it doesn't mean
• 2:32
  they're not going to try, right. So just because of all this
• 2:34
  bullish news that's happening, you know, don't put your defense
• 2:38
  down. This has never been a better
• 2:40
  time to learn how to take self custody.
• 2:42
  You know, write down your seed phrase, put it on titanium with
• 2:46
  the seed, the seed plate, and yeah, you know, do do do
• 2:52
  yourself a favor and learn how to take self custody.
• 2:54
  If you don't know how to do so, check out BTZ sessions.
• 2:56
  He has a he has some awesome, awesome tutorials.
• 3:01
  All right, Opti, here we go. Let's do this, man.
• 3:05
  Let's do this. What's up?
• 3:07
  What's up everyone? I'm choking on words.
• 3:10
  I'm like miss. Well, hashtag Nico can't speak
• 3:13
  English. We already know this.
• 3:14
  It's stamp seed. Put your shit on titanium.
• 3:17
  But like, I don't know. I don't know what's wrong with
• 3:18
  me today bro. It's.
• 3:19
  It's a Friday. You didn't have enough coffee.
• 3:21
  Like I'm like literally shaking because I'm too much coffee
• 3:24
  today. I didn't drink enough water this
• 3:27
  morning. But hey man, we're here.
• 3:28
  It's the Friday show. We made it another week.
• 3:31
  I have lost the math. I don't remember what week we
• 3:33
  are on. So you guys can Fact Check me
• 3:35
  What week out of the year? Are we?
• 3:37
  What? We got a 52, Are we?
• 3:39
  That's what. We're down.
• 3:41
  Anyways, Yellow, quit trolling me in the chat.
• 3:46
  How do you want me to put your meme on the show and you're
• 3:48
  trolling me on the chat? That's some titanium SMR, bro.
• 3:51
  Anyways, anyways, Nico, before people say that we're too
• 3:55
  childish on the show again, we have an awesome guest today,
• 3:59
  Bert from Bitcoin Brabant. I think I said that wrongly but.
• 4:04
  Bitcoin miner that uses the excess heat from the Asex to
• 4:09
  heat up your business. So this is going to be lit.
• 4:12
  I'm I'm excited for this one. It's going to be a great show
• 4:15
  anyways. Oh man, yellow.
• 4:20
  I said literally the same thing. I put on the polo and I look
• 4:22
  like a professional. Yeah.
• 4:24
  Should we? Should we start talking
• 4:26
  professionally? I'm going to wear a suit next
• 4:28
  week. I don't even have a suit.
• 4:29
  Should we start talking professionally?
• 4:31
  Hi guys, welcome to simply Bitcoin welcome to simply.
• 4:33
  Bitcoin. We have Bitcoin Rabbit on the
• 4:35
  show today. We're for news and culture.
• 4:41
  Anyways, anyways anyways birds. Sorry birds.
• 4:46
  How are you doing today dude? Yeah, very good.
• 4:49
  It's great to be on the show first time, so happy to have.
• 4:53
  You here is what you will make of it, because Friday show so
• 4:57
  it. Is we're a consummate
• 4:58
  profession? I'm bringing, I'm bringing the
• 4:59
  Tulip bubble, you know. All right.
• 5:01
  So so, Abdi, why don't you tell everybody what Bert does?
• 5:06
  Yeah, so like like I said, he's part of and actually forgive me,
• 5:10
  how do I say your company again cuz I budget.
• 5:13
  But that's. A big problem, OK?
• 5:15
  And he's a Bitcoin miner that uses the excess heat to heat up
• 5:20
  your business. And we have a really cool,
• 5:22
  really cool example of this and we're gonna go down his rabbit.
• 5:25
  Whole story. And.
• 5:26
  And we'll talk about all that stuff during the culture.
• 5:28
  So you guys already know the deal.
• 5:30
  Yeah, it's gonna be an awesome. It's gonna be an awesome show.
• 5:33
  Guys looking forward to it. Let's do this.
• 5:35
  Let's head straight into the numbers, the Bitcoin numbers.
• 5:42
  Is your Bitcoin and cold storage really secure?
• 5:45
  Is your seed phrase really secure?
• 5:48
  Stamp seeds? Do it yourself.
• 5:50
  Kit has everything you need to hammer your seed words into
• 5:53
  commercial grade titanium plates instead of just writing them on
• 5:58
  paper. Don't store your generational
• 6:00
  wealth on paper. Papers prone to water damage,
• 6:04
  fire damage. You want to put your
• 6:06
  generational wealth on one of the strongest metals on planet
• 6:09
  earth, Titanium. Your words are actually stamped
• 6:11
  into this metal plate with this hammer and these letter stamps.
• 6:15
  And once your words are in, they aren't going anywhere.
• 6:18
  No risk of the plate breaking apart and pieces falling
• 6:21
  everywhere. Titanium stamp seeds will
• 6:24
  survive nearly triple the heat produced by a house fire.
• 6:27
  They're also crush proof, waterproof, non corrosive, and
• 6:30
  time proof. All things that paper is not.
• 6:32
  Not allowing you to huddle your Bitcoin with Peace of Mind for
• 6:35
  the long haul. Stamp your seed on Stamp Seed
• 6:40
  guys. You don't want to find yourself
• 6:41
  in a situation where you have to explain to your grandchildren
• 6:44
  why you lost your generational wealth because you didn't
• 6:46
  properly secure your Bitcoin wallet backup seed words, so you
• 6:50
  want to put them on titanium. You can scan the QR code on your
• 6:53
  screen right now and it'll take you directly to the Titanium
• 6:56
  Seed Phrase Storage Kit from Stamp Seed and you can you know
• 7:01
  you could purchase one so you don't have to explain this to
• 7:03
  your grandchildren why you lost your seed.
• 7:05
  Anyways, at the time of recording the Bitcoin price is
• 7:08
  29,235 sats per dollar 3421 block height 801,669 blocks to
• 7:17
  having 38,331 having estimate April 20th 2024 Total Lightning
• 7:22
  network capacity 4689 Bitcoin capacity value 137,000,000 U.S.
• 7:27
  dollars Realized monetary inflation 1.76% Market
• 7:31
  capitalization $568 billion Bitcoin versus gold market cap
• 7:36
  4.37% Anyways I have a very interesting video for for you
• 7:41
  guys from Adam back and shout out to documenting Bitcoin which
• 7:45
  does an incredible job documenting Bitcoin.
• 7:47
  So they say six years ago today Bitcoin proved itself as a
• 7:52
  decentralized system no one controls.
• 7:54
  Listen to Adam Back explain so let's check it out.
• 7:57
  You know, in the sig with 2X and episode, the people in the
• 8:02
  companies that were trying to organize to push Bitcoin into a
• 8:06
  kind of bigger block, more retail payment direction, spent
• 8:11
  a lot of effort lobbying minors with the idea that the miners
• 8:14
  were decision makers. But it turns out the miners were
• 8:16
  basically powerless and immediately switched networks
• 8:20
  just just for simple economic reasons.
• 8:22
  And so I think the combined learning for everybody that the
• 8:28
  the end users with the economic voting, you know that they would
• 8:31
  sell the fork. They would short us the the
• 8:35
  future and that the miners were basically not politically active
• 8:41
  in any way. They would just mind whatever's
• 8:43
  more profitable meant that it was kind of a landslide victory
• 8:46
  for people who wanted to keep Bitcoin as a user controlled and
• 8:50
  earned currency. And so the the fact that that
• 8:55
  worked was extremely positive. So as Jacomo said that, you
• 9:00
  know, people were nervous before, but when it was a
• 9:02
  victory and it was a genuine grassroots victory, which showed
• 9:05
  that the developers had essentially no control, the
• 9:08
  large companies had no control and the miners had no control.
• 9:12
  So it's basically a perfect storm and Bitcoin came out the
• 9:14
  other side completely unscathed. So people view that as a very
• 9:18
  interesting, a positive lesson about the sort of long term
• 9:22
  store of value capability of Bitcoin, because basically all
• 9:25
  the forces that could be potentially aligned against the
• 9:29
  user's interest to keep Bitcoin permissionless and decentralized
• 9:33
  tried their best to coordinate and completely failed in the
• 9:36
  market. So I think that was instructive
• 9:38
  to everybody because people were kind of nervous or unsure at
• 9:41
  different levels of understanding about the game
• 9:43
  theory. But it turns out that basically
• 9:46
  it's not possible to change Bitcoin.
• 9:49
  If you have your own private keys and you wouldn't accept the
• 9:52
  transaction that's not verified by your full node, then other
• 9:55
  people out in the world can do whatever they want.
• 9:57
  They can mine other things. They can make arguments, they
• 10:01
  can change your software, their exchange runs.
• 10:02
  But ultimately you're still going to have Bitcoin and
• 10:05
  nobody, nobody external to you can change that fact.
• 10:08
  So that that fact was not understood.
• 10:10
  And I think that's also very positive since then that there's
• 10:13
  been a lot of interest in adopting full nodes.
• 10:16
  So I look, I think Adam Back perfectly described, you know
• 10:21
  the four cores and the significance of the four cores,
• 10:23
  what happened during the four cores and yeah, it's it's a
• 10:27
  testament to what makes Bitcoin unique, right.
• 10:31
  You had the largest, the the largest minor bit main try to
• 10:37
  team up with some of the largest companies and they were trying
• 10:40
  to change for bigger blocks and that would have centralized the
• 10:44
  network in the process. Because bigger blocks means more
• 10:47
  resource requirements in order to run a node, more resource
• 10:50
  requirements to run a node, meaning less people can run a
• 10:53
  node because it becomes economically infeasible for a
• 10:56
  lot of people, right? You know, the block size are the
• 10:59
  way they are by design. It's a feature, not a bug.
• 11:03
  Decentralization above all. And the fork wars, you know, not
• 11:06
  only did it not kill Bitcoin, it made Bitcoin stronger, right?
• 11:10
  And so that happened. That wasn't 20, those 20/17/2018
• 11:14
  if my memory serves me correctly.
• 11:16
  And those are some scary times. I remember that they
• 11:19
  artificially made the Bitcoin cash hash rate surpass bitcoins
• 11:23
  hash rate for I think two or three times depending on the,
• 11:29
  you know, hash rate metric that you're using.
• 11:32
  But a couple years after that, we had the China ban during the
• 11:35
  2021 bull market. And you know, both those things,
• 11:39
  both those events were attacks on Bitcoin, make no mistake.
• 11:43
  And what inevitably what it what was the inevitable outcome of
• 11:49
  both those things? Inevitable in hindsight, but
• 11:52
  when you're living through it, it's actually pretty freaking
• 11:54
  scary cuz you don't know. It's never happened before in a
• 11:57
  historical context. But the the outcome of that, it
• 12:03
  was what doesn't kill the honey badger makes it stronger, right?
• 12:05
  The hash rate decentralized. In the process, it proved that
• 12:09
  it's not the miners who own the network or run the network.
• 12:13
  They're just paid security guards.
• 12:15
  Who's really running the network are the nodes, right?
• 12:18
  This is why it's so important. Run your own node.
• 12:22
  If you don't want to build one, you could buy a prebuilt one.
• 12:25
  Start nine is dope. Not all is dope.
• 12:28
  There's so many, you know, there's so many companies that
• 12:33
  you can check out if you want a prebuilt node or you could just
• 12:36
  build one yourself. And when I say node, you can run
• 12:39
  Bitcoin Core on an old computer that you're not using, right.
• 12:42
  You don't have to have a dedicated device that's always
• 12:45
  on right? Even though that would be the
• 12:48
  ideal case. So anyways, Opti, what's your
• 12:53
  take on this bro? Like, I love the way he
• 12:57
  explained. It sounded super smart.
• 12:59
  I couldn't. I don't think I could.
• 13:01
  I could have explained. I could have articulated it.
• 13:04
  The Fork Wars that well, No, highly regarded.
• 13:07
  He didn't even call the He didn't even call it the Fork
• 13:10
  wars. He called it the SegWit 2X event
• 13:13
  or something. Yeah, I mean, well look, This is
• 13:15
  why we tell you guys constantly on the show to run a node like
• 13:18
  This is why we Bitcoin. Like This is why Bitcoin is
• 13:21
  money for the people by the people.
• 13:23
  As because you guys run a node, you verify your own
• 13:26
  transactions, don't trust someone else with your money,
• 13:29
  run a node, verify your own transactions like minors and big
• 13:32
  businesses and big holders do not hold more sway than you on
• 13:36
  the Bitcoin network. If you haven't, you know any
• 13:38
  economic transaction as long as you're running a node.
• 13:41
  You are also verifying the rules of the network.
• 13:43
  So like Bitcoin, this is the reason why Bitcoin is the only
• 13:46
  decentralized and the most decentralized currency in the
• 13:49
  world is because of all you guys out there running nodes and
• 13:52
  continue to run nodes and like we say all the time, you know
• 13:54
  you can buy a standalone node or just download Bitcoin core like
• 13:58
  simply on an old computer. You don't have to do anything
• 14:01
  fancy. If you don't have the the means
• 14:04
  to get your own standalone node, like there's options for
• 14:07
  everyone. Every person's need can be fixed
• 14:11
  or or addressed. Yeah, there you go.
• 14:13
  Raspberry Pi, like everyone, can be addressed by running a
• 14:16
  Bitcoin node and you don't have to trust people like this is
• 14:20
  literally why Bitcoin was created in the 1st place.
• 14:22
  So you know, like it it's. It's a it's a hurdle that
• 14:27
  everyone I think should do. But hey, if your family doesn't
• 14:31
  feel technical, be their Uncle Jim so they can verify off your
• 14:35
  own note. Like there's a lot of things.
• 14:37
  To continue to decentralize the network.
• 14:39
  And I came after the Segue 2X battle.
• 14:42
  I came in like a month after this.
• 14:43
  So I I I came in once the dust settled and it was so unnerving
• 14:47
  at the time. I'm like, wait, which one is the
• 14:48
  real Bitcoin? But now what?
• 14:50
  Six years later, it's become very obvious which one's which
• 14:53
  and which one is the the one with the most economic power.
• 14:56
  But hey, we have Bert here, and he's a Bitcoin miner as well.
• 14:58
  So what's your thoughts on this, Bert?
• 15:01
  And Node Runner as you could. And Node runner exactly.
• 15:05
  It's one of the notes that's currently not working.
• 15:07
  But yeah, so I also came in quite far after the The Four
• 15:14
  Wars. So if you want to know about it,
• 15:17
  read Jonathan Beer's book Block Size War.
• 15:22
  That's that's amazing book. But yeah, so I came in in 2019
• 15:29
  because I actually was exposed to Bitcoin already in 14 I've
• 15:34
  got. Even screenshots of the messages
• 15:36
  where we talked with friends about mining and a lot of things
• 15:39
  but I yeah, I didn't believe it would survive.
• 15:42
  So and even at work and the previous work we we talked a lot
• 15:47
  about it. But I wasn't expecting it to to
• 15:51
  last. And then in 2019 I dipped in a
• 15:53
  little bit and then basically two years full time I had to
• 15:58
  know everything about it. And then then.
• 16:01
  In 2021, I started mining a bit, so heating my home a lot of
• 16:05
  noise. So I had to cancel the noise out
• 16:08
  to start to build boxes to dampen the noise.
• 16:11
  And then in last year I started to mine at the greenhouse.
• 16:15
  I made a little video of it, posted it on Twitter and got
• 16:19
  half a million views. And then yeah, I had a company,
• 16:22
  so that's basically the story, so.
• 16:25
  It was a really nice couple of years and now full time in
• 16:29
  Bitcoin already for more than 1 1/2 year.
• 16:32
  Awesome man. Well that's awesome.
• 16:35
  Let me ask you something cuz you went full time Bitcoin Opti and
• 16:40
  I went through the same process as well.
• 16:43
  It's I'm sure, at least in my case, it was definitely a bit of
• 16:49
  a grind, right? It was not a.
• 16:52
  Still is That is very true. But I guess working up to full
• 16:58
  time Bitcoin, like working full time in Bitcoin.
• 17:02
  I think that a lot of people want that, but I think that a
• 17:06
  lot of people don't understand the grind and commitment and
• 17:10
  passion that that is required in order to achieve that.
• 17:14
  Yeah, and a very minimalistic lifestyle.
• 17:17
  So if you don't have cost then it's OK, you know, so if there's
• 17:22
  not much income. And also if you look back, yeah,
• 17:28
  mining. So last year I did 18
• 17:30
  installations at businesses. So also some homes, but mostly
• 17:34
  businesses. So placing heaters at the
• 17:37
  warehouse or a restaurant or all kinds of places.
• 17:41
  And the greenhouse is the most famous.
• 17:43
  So that's why Bitcoin Bloom is always, yeah, quite.
• 17:48
  In the mind of people, because it's tulips and Tulip bulbs, so
• 17:51
  that, yeah, that's easy to think of.
• 17:55
  What is actually being grown there and we shipped it last
• 17:58
  year and this year we will do the same again.
• 18:00
  When we finished drying the Tulip bulbs, we will ship them
• 18:03
  again for Bitcoin. But yeah, a lot of businesses
• 18:07
  last year, but that was also because the natural gas prices
• 18:10
  exploded in Europe and now they have normalized again.
• 18:13
  So heating with miners is again. Not as profitable as it was last
• 18:20
  year. And the nice thing is now it's
• 18:23
  slowly shifting towards load balancing and spare capacity
• 18:27
  mining because there was such a huge solar expansion here that
• 18:32
  we have a lot of moments where you get paid to use electricity
• 18:35
  and also that we have problems with the net.
• 18:38
  So basically the transformer's going down.
• 18:42
  And then we can use some minors to keep the grid balanced and
• 18:45
  also use some excess electricity.
• 18:48
  And we do that with all machines.
• 18:49
  So as you can see here, there's nines.
• 18:51
  We just refurbish them a bit or make them silent wherever people
• 18:54
  want to put them and then throw them in.
• 18:57
  And it's just, yeah, basically on electricity that you either
• 19:02
  paid for or you need the heat or these kind of things.
• 19:05
  So cheap machines and decentralizing Bitcoin, that's
• 19:09
  the most important. Yeah, very, very cool.
• 19:13
  Very, very cool. All right, everybody.
• 19:15
  Before we move on to the Daily News, I want to give a shout out
• 19:21
  to the biggest Bitcoin conference on the face of the
• 19:23
  earth, Bitcoin 2024. It's going to be in Nashville,
• 19:25
  TN this year, July 25th through the 27th.
• 19:29
  Don't want to miss it. And get your tickets now before
• 19:31
  the prices go up. For a GA you can get it for 349,
• 19:33
  For an industry pass, you can get it for 8:49.
• 19:36
  For a whale pass, you can get it for 4749 and you can use the
• 19:40
  promo code simply to get yourself a major discount
• 19:44
  already on top of the discounted tickets.
• 19:46
  So use promo code. Simply get get a discount to
• 19:51
  Bitcoin 2024 and of course Opti and I are going to be there and
• 19:54
  we'll be excited to see you guys.
• 19:56
  Anyways, everybody, no more delay.
• 19:57
  Let's jump straight into the news.
• 20:01
  The Daily News. All right guys, I want to tell
• 20:07
  you about the Orange Pilap. They are building the social
• 20:10
  layer for Bitcoin. The Bitcoin circular economy is
• 20:12
  coming, and this is where it starts within real life
• 20:15
  connections. Find other bitcoiners who live
• 20:17
  close to you, find plebs while you're traveling, or find nearby
• 20:21
  Bitcoin events. Plus, Orange Pilap recently
• 20:23
  enabled Zaps, and you could ZAP your friends or ZAP events to
• 20:27
  help with the cost to organize your next Bitcoin meet up.
• 20:29
  There will be a time in the not too distant future where the
• 20:32
  most sought after demographic will be Bitcoiners.
• 20:34
  Principals. The principled, devoted,
• 20:37
  patient, diverse, and loyal individuals who are the
• 20:39
  wealthiest single demographic stack friends who stack Sats.
• 20:43
  Scan the QR code on your screen right now and when you sign up
• 20:47
  you'll get 10,000 Sats. And of course Opti and I
• 20:51
  appreciate all the love and messages that we're getting on
• 20:53
  the Orange Pill app. We appreciate you guys anyways.
• 20:56
  The big news for today Again, Michael Saylor just going
• 20:59
  scorched earth on CNNBC. Here's a clip of him.
• 21:04
  Here's Bitcoin Archive, who does a great job archiving Bitcoin
• 21:08
  and he says Michael Saylor on CNNBC.
• 21:11
  There is no there is universal consensus around the world that
• 21:14
  Bitcoin is a decentralized global asset that has value, has
• 21:17
  no issuer, and is the global standard of digital commodities,
• 21:22
  right. So while he's saying that,
• 21:24
  Michael Saylor is also tweeting this, right?
• 21:26
  So he's flexing his muscle and he's basically saying like,
• 21:29
  look, this is our strategy. Look at how our strategy house
• 21:32
  performs basically everybody else.
• 21:35
  And for audio listeners, this is a graphic.
• 21:37
  It says MicroStrategy outperform since outperformance since
• 21:41
  adoption of Bitcoin Standard. And it has comparisons, right?
• 21:44
  It has Oracle, has IBM right, has Google, Apple, Microsoft,
• 21:50
  Meta. Also known as Facebook, Netflix.
• 21:52
  Amazon. And even they even puts Bitcoin
• 21:56
  on there. And apparently micro strategy
• 21:58
  stock has has gone up to 154%, Bitcoin has only gone 145%, the
• 22:04
  SNP has only gone up 37%, the NASDAQ has only gone up 31%.
• 22:09
  The point is, is that I think he's making the case that his
• 22:12
  Bitcoin strategy, even though it's very bold, definitely very
• 22:15
  aggressive, it was definitely a risk at the time he was doing
• 22:19
  it. Especially from his perspective,
• 22:22
  obviously it's not for, for, you know, for us mere mortals, it's
• 22:26
  the only alternative was Bitcoin, but from someone in his
• 22:29
  position, you know it definitely.
• 22:31
  I would definitely consider it a risk, but it's definitely paying
• 22:34
  off and I think it's going to continue to pay off as time
• 22:37
  progresses and I think that will be a forcing function for other
• 22:41
  public companies. They're not going to be able to
• 22:43
  ignore this thing. Because of just, it's just
• 22:47
  superior assets, just better money than Fiat.
• 22:50
  Like you're holding Fiat on your treasury.
• 22:52
  Like think about it. You're holding $100 million or
• 22:55
  your $500 million worth of cash. You're you're you're bleeding
• 23:00
  10s of millions of dollars to and you're losing that
• 23:02
  purchasing power because of inflation every single year.
• 23:05
  It is a terrible store of value, but so you have no alternative,
• 23:09
  right? But you introduce Bitcoin into
• 23:11
  that. Even if you hold 1 or 2% of
• 23:13
  Bitcoin, it could compensate for the amount of purchasing power
• 23:17
  you're losing. Because of you holding Fiat
• 23:20
  right? This is this is the awesome part
• 23:22
  about Bitcoin. I think that's what Michael
• 23:23
  Saylor is proving right now. And I think the next cycle, it's
• 23:27
  going to be an undeniable fact. He's going to be totally, 100%
• 23:30
  vindicated. Anyways, I'm gonna play, I'm
• 23:32
  gonna play this CNNBC and then we'll kind of go around the
• 23:35
  table and get everyone's thoughts.
• 23:39
  Nika, I can't hear it. You're on the wrong tab.
• 23:43
  There we go. Let's try it again One want to
• 23:45
  get your thoughts on that, especially since we have seen
• 23:47
  regulators, the SEC for example, cracking down on
• 23:50
  cryptocurrencies and exchanges in recent months, but Bitcoin
• 23:54
  has been the exception thus far. Can the case be made that
• 23:59
  Bitcoin is a commodity and doesn't require the same
• 24:02
  regulation as everything else, or is it coming?
• 24:06
  There's universal consensus generally everywhere in the
• 24:09
  world, across across all parties, that Bitcoin is a
• 24:12
  decentralized global asset that has value.
• 24:16
  It is without an issuer and it is a digital commodity.
• 24:19
  In fact, it is the gold standard of digital commodity.
• 24:22
  So you study Bitcoin to figure out how to create a digital
• 24:26
  commodity. There's also pretty general
• 24:29
  uncertainty and conflict and controversy.
• 24:33
  Surrounding the role of crypto exchanges, stable coins, digital
• 24:37
  securities, tokens and defy I don't think that that that
• 24:43
  uncertainty is going to be resolved anytime in the next two
• 24:46
  years and and the chair of the CFTC is correct and saying we do
• 24:50
  need a political solution coming from Congress.
• 24:53
  It's pretty clear that there's not going to be a quick solution
• 24:57
  coming directly from the regulators or organically from
• 25:00
  the industry. So we're waiting for political
• 25:02
  leadership to resolve that ambiguity.
• 25:05
  Meanwhile, Bitcoin is the one unambiguous thing, right?
• 25:08
  It is the most certain thing and a very promising innovative
• 25:13
  economy, but full of regulatory uncertainty.
• 25:16
  And so if you want to participate in the space, the
• 25:18
  way to do it is with Bitcoin. Yeah.
• 25:21
  And of course, we're also looking for changes to those
• 25:24
  FASB accounting rules, which I know affect you every quarter as
• 25:27
  well. So always lots to talk about.
• 25:30
  Great to get your thoughts. Michael Saylor, thanks for
• 25:32
  joining us. And just thank you for having
• 25:35
  me. All right.
• 25:36
  So interesting man. Interesting how this is so many,
• 25:41
  so many things are happening so fast.
• 25:43
  So I want to get opti's take and then and then birth.
• 25:45
  Yeah well first and foremost you know micro strategy is skipping
• 25:50
  up all the Bitcoin and is the de facto Bitcoin ETF until further
• 25:54
  notice And and it seems like they're going to continue to
• 25:57
  scoop up a shit ton of Bitcoin and this is a a professional
• 26:02
  dictionary term shit ton of Bitcoin.
• 26:04
  But to Michael. Sailors Point, you know, Bitcoin
• 26:08
  has proven itself, maybe just to us bitcoiners, that it is a
• 26:11
  global phenomenon that everyone around the world like, you know
• 26:14
  Bert, he's in the Netherlands, where we're in the US there's
• 26:17
  people in El Salvador. There's people literally on
• 26:20
  every continent right now that also understand what Bitcoin is.
• 26:24
  I say it all the time. The Bitcoin price is a real time
• 26:27
  metric for people's understanding of Bitcoin and
• 26:30
  this is a global Ledger. Everyone opts into it.
• 26:34
  Everyone that runs a node, anyone that runs the Bitcoin
• 26:36
  software, whether that's Start 9, not all Bitcoin Core, a
• 26:40
  Raspberry Pi, whatever, all agree that this is a global
• 26:43
  money. There's a universal
• 26:45
  understanding. This is not, you know, we are
• 26:47
  American centric. This is not just happening in
• 26:49
  America, this is not just happening in the Netherlands or
• 26:51
  El Salvador. There's literally nodes
• 26:54
  everywhere around the world, and there's individuals that all
• 26:57
  have come to the same conclusion, the same
• 26:59
  understanding as us. That Bitcoin is their money.
• 27:02
  The Bitcoin is the best way to store value, and Bitcoin is a
• 27:08
  way to measure value around the world on the same metric system
• 27:12
  of value as the meme goes. And this reduces the subjective
• 27:16
  nature of value that that we find ourselves in the modern
• 27:18
  world. You can't value the same thing
• 27:20
  in different currencies because of all the different exchange
• 27:23
  rates. Well, now we have one global
• 27:25
  standard. It is called Bitcoin and you can
• 27:27
  get on it today and you don't have to ask permission.
• 27:30
  And you know, as much as people might not like Saylor on the
• 27:35
  Twitterverse, he's a great spokesman.
• 27:38
  Like. Why have people?
• 27:40
  They have their own contentions. Not only is he scooping up.
• 27:43
  I'm, I'm. I'm unplugged.
• 27:45
  Not, I mean he's he's taking all the Bitcoin.
• 27:47
  It's probably why they're just they're getting mad.
• 27:51
  But he's a great spokesman and anytime he comes on the
• 27:55
  mainstream media like. You're like, Dang, I need to
• 27:59
  stack more sets. And he has a way of explaining
• 28:01
  it for just the average person out there.
• 28:03
  He's a way of explaining to the average person why their
• 28:10
  skepticism and criticisms are wrong and why they need some
• 28:13
  Bitcoin. And now everyone is waking up to
• 28:15
  this. So hey man, I think moving
• 28:17
  forward. This next year, the next two
• 28:19
  years is going to be absolutely glorious.
• 28:21
  And what do you say, Nico? All the time.
• 28:23
  El Salvador and Michael Saylor will be vindicated this next
• 28:25
  bull run. They're going to be, they're
• 28:27
  going to be vindicated, bro. But both both are going to be
• 28:30
  vindicated. It's going to be glorious to
• 28:31
  see. It's going to be undeniable.
• 28:33
  No amount of bullshit the media throws and tries to spin it is
• 28:37
  going to be able to deny that. So anyways, Bert, I want to get
• 28:41
  your take. What's up, man?
• 28:46
  I think you muted, bro. Yeah, I was muted.
• 28:48
  And yeah, actually, first the comment, there was some comments
• 28:51
  from Yellow about Venice. Roy He's actually from this
• 28:55
  town, so he's. Not mine yet.
• 28:59
  We got Venice, Troy on the ship. Yeah, so it's actually.
• 29:04
  So if come to our supermarket here and or go to the butcher
• 29:08
  where you can actually pay with Bitcoin and you might walk into
• 29:11
  him now, but and not football or soccer as you call it.
• 29:17
  Yeah. So Saylor is actually for me,
• 29:20
  super interesting because he's an engineer, an engineer that
• 29:23
  was a CEO. And what you can see is that he
• 29:28
  understands math, he understands physics and that's something you
• 29:35
  don't often see in large corporations or CEO's in large
• 29:40
  corporations. And this bold move that he makes
• 29:43
  is just, yeah, it's very insane. There we go.
• 29:47
  There he is. Yeah.
• 29:50
  The brother, actually, that's also the name of the town where
• 29:54
  I am now. It's also called Nistelroy.
• 29:56
  So that's interesting now. So yeah.
• 30:02
  And then what you see is actually really interesting that
• 30:04
  you see that his upside is much more because he is doing
• 30:10
  leveraged Bitcoin. So and a lot of people can't get
• 30:14
  exposure through through normal direct ways on Bitcoin.
• 30:19
  They need to go through the stock market.
• 30:21
  So it's super interesting that he build a leveraged ETF already
• 30:26
  and that is being used so much. So it says a lot about what the
• 30:30
  future will bring. Yeah, yeah, 100%.
• 30:36
  Yeah, man, it's it's. A couple things right?
• 30:40
  That's freaking crazy about you and Venice, Troy and the town
• 30:44
  that that's fucking nuts. And then 100% agree with you on
• 30:50
  On the sailor stuff. It was very, very exciting.
• 30:53
  But at the end of the day, to kind of go back to what Opti was
• 30:57
  saying, I didn't even know he was getting shit on Twitter,
• 30:59
  bro. Like yeah, fine.
• 31:01
  Like I dude, if I was in his position, I would be using that
• 31:05
  big ass company to, you know, leverage that company to buy
• 31:08
  more and more and more Bitcoin. Like that that that would be a
• 31:11
  genius move. Do you guys remember your first
• 31:13
  couple of years in Bitcoin? You would sell everything you
• 31:16
  can. In order to stack harder like it
• 31:18
  was, you know, I remember those days, right, Sailors going
• 31:22
  through that. When did sailors start buying
• 31:38
  again? He's going through like the
• 31:23
  first couple of years. The only difference between him
• 31:27
  and the rest of us is that he's just a billionaire, right.
• 31:29
  So he has access. He's a lot more access.
• 31:32
  He has a lot more purchasing power than most of us.
• 31:35
  So just any. Was it 2020?
• 31:39
  It said right there in that chart. 20 It was pretty, I think
• 31:42
  it was 2020, yeah, 2020, August 2020, I think in the chart.
• 31:47
  And yeah, it's just insane how fast he accumulated, right?
• 31:55
  And also when you saw the price drop and you think okay, could
• 31:59
  someone get anxious, nothing happening, right?
• 32:06
  He's, I never forget at Pacific Bitcoin, he was just hanging out
• 32:13
  in the VIP area. And the VIP area was right in
• 32:16
  front of the stage and it was like kind of like it was like
• 32:19
  kind of, you know, closed off. And he was just sitting on on
• 32:23
  one of the couches listening to all the speeches.
• 32:26
  And I remember, like, this was when Bitcoin was sitting at like
• 32:31
  16 K So like, I I can't even imagine.
• 32:36
  Of course, like, you know, he, he was, he was concentrated, he
• 32:39
  was having a good time. But I can't imagine.
• 32:43
  What it must have been like for him, you know down 50% on his
• 32:47
  Bitcoin investment and then having all that public pressure
• 32:51
  behind him, that must have been crazy, you know, to to kind of
• 32:55
  just, you know that that is, that is pure determination,
• 32:59
  right? But again, most of us have gone
• 33:01
  through that. I know that I have.
• 33:04
  I've gone through that. I think that if you've been
• 33:06
  here, if you've because what tends to happen is most people
• 33:09
  get into Bitcoin in the bull market, right?
• 33:11
  Like that's that's like the the generally what tends to happen
• 33:15
  with 99% of people, right? So you get in 2017, you buy a
• 33:18
  10/14/15 K then goes back down to three K you're like fuck, why
• 33:24
  did I do that? I could have just waited for,
• 33:26
  you know, 3K like I'm a fucking moron.
• 33:29
  Anyways, anyhow. Well, well also just, I think it
• 33:33
  was Foss who said it on Twitter the other day or yesterday or
• 33:36
  something. Sailor understands his risk
• 33:40
  tolerance and he understands how to hedge his risk.
• 33:42
  And I forget what his trade was in the past, but sailor's been
• 33:45
  making these very quote UN quote risky trades for probably the
• 33:50
  most of his career. And so once he understands
• 33:53
  something that that he has full conviction in.
• 33:55
  He just goes all in and it's paid off for him in the past.
• 33:58
  Obviously, like he is a billionaire, so like, you ever
• 34:00
  seen the video of him presenting?
• 34:02
  Yeah, Yes, of talking about the mobile wave, you know. 100% and
• 34:08
  just before anyone had a had had an iPhone, you know.
• 34:11
  Exactly. Yeah, you need to go full into
• 34:14
  Apple because this iPhone that's going to break the market, you
• 34:17
  know, You know, Yeah. And everybody thinks, yeah, this
• 34:21
  guy is insane, right? Like Nokia and Samsung are
• 34:24
  dominating the market. They have 99%.
• 34:27
  What the fuck is this guy talking about?
• 34:29
  And look where we are now, you know?
• 34:31
  And that's exactly, that's 2010 or something like that.
• 34:34
  And now he's doing exactly the same with Bitcoin and people
• 34:38
  just simply think the same about him again.
• 34:41
  It's really funny. So.
• 34:43
  Exactly. That was the point, because he
• 34:45
  knows that it's going up forever, Laura.
• 34:50
  The off these perfected, the sound board.
• 34:53
  All right everybody, let's get to the culture.
• 34:55
  We got a lot to talk about today.
• 34:57
  Let's check it out. The Daily Culture.
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  I had had a had a chance to talk to Lynn Alden last year for like
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• 36:21
  Bitcoin Festival. Anyways, Opti, what are we
• 36:23
  talking about today, brother? Yeah, bro.
• 36:26
  So we kind of got into it earlier, Bert.
• 36:29
  We kind of touched on your rabbit hole journey, people like
• 36:32
  that. So how about we just recap again
• 36:35
  very quickly before we get into your business Again, I'm
• 36:38
  butchering it. Bitcoin Brabant?
• 36:40
  I believe so. He told us your Bitcoin journey.
• 36:45
  How about Quick Recap and then we'll jump into what what you're
• 36:47
  working on. Yeah, so quick recap is 2019
• 36:53
  started to get to know a little bit about it, then wanted to
• 36:56
  know everything about it. Which ended up also meaning that
• 37:00
  I wanted to mine and mining was 2021.
• 37:03
  And then last year natural gas prices exploded.
• 37:07
  I'm one of the miners in the greenhouse took a video of it.
• 37:10
  Half a million views and then I got a lot of requests to start
• 37:14
  to hit businesses with minors and that's what I did throughout
• 37:17
  last year. So I did 18 businesses last
• 37:19
  year. And yeah, now I'm running a
• 37:21
  Bitcoin business and that's full time.
• 37:25
  And now it's more directing into reselling some of your US
• 37:30
  products from Block Stream and Foundation Passports.
• 37:34
  But that's because they're open source and people want to save
• 37:36
  their Bitcoin when they mine. So that's something that I had
• 37:39
  to add some value to. And yeah, that's what I'm doing
• 37:42
  in the EU momentarily, yeah. Love it?
• 37:45
  So let's plug Bitcoin Brabant. You already hit on what you do.
• 37:49
  But again to recap for the audio listeners, what exactly is
• 37:53
  Bitcoin Brabant? Yeah, so mostly mining.
• 37:57
  So we help people with mining installations.
• 38:00
  So if they want to heat their business or they want to do some
• 38:03
  spare capacity mining, we have a lot of renewable in the
• 38:06
  Netherlands and sometimes there's over capacity that they
• 38:09
  can dump on the grid. So then we help people with a
• 38:13
  proper installation which mines away the excess capacity or heat
• 38:18
  a part of the business with miners.
• 38:21
  And it's not possible to just put minors at the location here
• 38:25
  because the tax on electricity is simply too high.
• 38:29
  So you either need to use the heat or it needs to be accessed
• 38:33
  in front of the meter, you know. So that's something that we
• 38:36
  really do. And then apart from that we help
• 38:40
  with some payments and then mostly we help with block string
• 38:43
  jades and the passports with proper setups of storage, so
• 38:49
  also outside of people that are not mining.
• 38:53
  Love it. So you mentioned earlier, are
• 38:55
  you using S nines mainly or are you using?
• 38:58
  No. So we're using from bit main to
• 39:01
  what's minor. It really depends on what the
• 39:04
  client wants, what the timeline looks like, what the contracts
• 39:09
  look like, how much electricity, how much heat.
• 39:13
  So do we place boxes or not or do they build their own boxes to
• 39:16
  dampen the sound or do we put sound dampening on it ourselves.
• 39:20
  So I don't know if you can see it, but here is A/C Infinity
• 39:25
  also coming from imported from the US.
• 39:28
  So we have all kinds of different types that we can help
• 39:32
  out with all custom custom for the customers.
• 39:36
  Love it. I have one a couple particular
• 39:39
  questions and if you don't want to get into the details, by all
• 39:41
  means, but. I've been to the Netherlands
• 39:44
  once when I was like 18. What is like the standard
• 39:47
  weather out there and you mentioned the high energy cost.
• 39:50
  What's the energy looking out over there?
• 39:51
  Because we have heard that currently in Europe there is a
• 39:55
  lot of energy concerns. Yeah.
• 39:57
  So the most ridiculous part is for for home use they changed
• 40:03
  the the text. So they they changed the text
• 40:06
  from three cents a kWh last year to 12 cents a kWh this year.
• 40:10
  And then there's also AVAT of 21% on the on the electricity.
• 40:14
  So the electricity price is so high because of tax for the home
• 40:20
  consumers, but for businesses this is totally different.
• 40:23
  So if you run a large consuming business, you basically don't
• 40:27
  pay any tax. So the the, the difference for
• 40:31
  the plats who want to mine at home and the large companies,
• 40:35
  it's it's very, very, yeah, there's a huge gap.
• 40:39
  And what is the purpose of that tax?
• 40:44
  Yeah, they want to finance the energy transition, of course.
• 40:47
  So the amount of tax that's being put on electricity and
• 40:52
  natural gas is just insane. And this is for the green stuff,
• 40:57
  right? Yeah.
• 40:58
  So we try to transition to wind and solar as quickly as
• 41:02
  possible, and that requires a totally different grid.
• 41:07
  But yeah, that needs also a lot of text, so they text it
• 41:11
  ridiculously, yeah. That's crazy man.
• 41:14
  Do you think? Is that like, is that transition
• 41:16
  even viable? Cuz some people are saying it's
• 41:18
  not possible. Yeah, of course everything is
• 41:22
  possible. But what's the cost?
• 41:26
  Yeah, and but the fun part of this is that mining fits in so
• 41:30
  well, you know, So because we have such a large over capacity
• 41:33
  now with wind and solar is that we get a lot of negative
• 41:37
  electricity. So you get paid to use
• 41:39
  electricity. So you just throw in an old S 9
• 41:43
  and you just switch it on when the prices hit zero.
• 41:48
  It's nice, you know, you can do that at home also, but you still
• 41:52
  have the 12 cent tax, but prices go to minus $0.40 here
• 41:56
  sometimes, you know, and then we we just pay millions to Germany
• 42:00
  and Belgium just to take our electricity because we have so
• 42:03
  much renewable generation sometimes and that is only going
• 42:07
  up, it's. The expectation?
• 42:10
  Love it. All right, so we got a question
• 42:12
  in the chat by Dennis said. Please ask Burt to give us some
• 42:16
  examples of how. This has worked worked out for
• 42:20
  some how you implement it and so on into the businesses around
• 42:24
  you. Yeah, so the greenhouse, so the
• 42:26
  Bitcoin bloom greenhouse where the tulips are, that was the
• 42:30
  easiest example. So they use a lot of
• 42:32
  electricity, so they barely pay any tax on their electricity,
• 42:36
  have a good contract which is stable.
• 42:39
  So very low electricity price and they need heat year round.
• 42:43
  So in the winter they need it to grow the tulips, and in the
• 42:47
  summer they needed to dry the Tulip bulbs because they come
• 42:52
  out of the land wet, you know. So yeah, this is the picture you
• 42:55
  see. That's the greenhouse.
• 42:57
  And we just have ASIC standing there pushing the heat either
• 43:02
  through the bulbs in the summer or through the greenhouse, which
• 43:06
  grows the flowers in the winter. And that makes a business case
• 43:10
  very easily because we reduce natural gas which is really
• 43:13
  expensive and electricity cost is really low because they are a
• 43:18
  large consumer of electricity. So in this case, it was easy to
• 43:22
  set up and we physically put the miners in the greenhouse as you
• 43:25
  could see. And then monthly we cleaned the,
• 43:29
  we cleaned the miners to make sure that they stay in perfect
• 43:32
  condition because it's better to use immersion of course, but
• 43:36
  then it becomes really expensive to run it.
• 43:40
  So we chose to to keep it air. Wait, wait, wait, wait.
• 43:46
  Bert, you're telling me that Bitcoin miners are not killing
• 43:50
  the planet and they're not killing plants?
• 43:52
  What's going on here? I heard a lot of propaganda
• 43:54
  going the other way. It sounds like they're keeping
• 43:57
  plants alive. Almost like they keep them
• 43:59
  alive. Are you saying everybody's?
• 44:01
  Asking where where the hush is, you know where are.
• 44:04
  We getting the marijuana is growing.
• 44:08
  And yeah, I believe, you know, in the Netherlands it's legal to
• 44:12
  buy marijuana, but it's not legal to grow it.
• 44:15
  We have a very weird country, you know, there's a lot of
• 44:17
  things that are strange here. So for sure there's no one going
• 44:23
  to publicly say that this is happening.
• 44:24
  But yeah, of course these kind of things happen, you know
• 44:28
  because they also need electricity and they need to
• 44:31
  heat, heat plants and we do it with tulips and we did it with
• 44:37
  hydrangea, but they went bankrupt the the, the
• 44:41
  greenhouse. And that was because the natural
• 44:43
  gas prices were so high and they still needed to use a lot of
• 44:47
  natural gas. So they didn't make it as many
• 44:50
  didn't. But the greenhouse who used
• 44:53
  quite a lot of electric heat, they they surely survived
• 44:56
  through the tulips and that's also partially we got of
• 44:59
  Bitcoin. So it's it's nice to see these
• 45:02
  implementations where you grow food also you know and that's
• 45:06
  what I think is also coming up, we will see food growing.
• 45:11
  Then I saw in New York, they are already heating a bath house.
• 45:16
  So there's a lot of pools, community pools that have closed
• 45:20
  down in the Netherlands because of the natural gas prices we are
• 45:23
  looking at. Can we do something with mining
• 45:26
  there? You know, because it actually
• 45:28
  makes sense because the pool needs to be heated year round.
• 45:31
  So these kind of locations are interesting and that's what we
• 45:34
  hope to do. That's awesome.
• 45:35
  We want to stay local, we want to stay in the Netherlands and
• 45:38
  we want to show what Bitcoin can do in a positive way for the
• 45:41
  community and the. Yeah, I love it.
• 45:45
  That's really cool. Sounds like Bitcoin is keeping
• 45:48
  plants alive. New York Times What?
• 45:53
  What did you think? That that's the cherry on top.
• 45:55
  What did you think of the New York Times article when you saw
• 46:00
  it? Right?
• 46:00
  Because from someone in your situation, right?
• 46:03
  It's like, not only are you mining Bitcoin, but you're
• 46:06
  actually using that Bitcoin to keep life alive, right?
• 46:12
  So it's like it's completely counterintuitive to the
• 46:15
  narrative that they're trying to portray.
• 46:17
  Yeah. But you see that it's turning
• 46:18
  and the narrative is turning. So I had a couple of mainstream
• 46:23
  media coming to visit. So I had CNN over, so.
• 46:27
  And decentralized. That's a little, Yeah.
• 46:31
  It's a little documentary that was made.
• 46:33
  I could present a little bit. And they were really asking
• 46:36
  like, is this real? You know, what you're doing?
• 46:38
  Is this real? You know, is this really heating
• 46:40
  the green that they're really pushing it?
• 46:43
  You know that. So they they Yeah, they.
• 46:46
  It's like put your hand. Behind the ASIC.
• 46:48
  Put your hand behind the ASIC. Yes, yeah.
• 46:50
  I literally lifted. I literally lifted the presenter
• 46:53
  in front of the ASIC because she couldn't reach it.
• 46:55
  So it's a feeling but. She's like, yeah, yeah, it's
• 46:59
  really, it's really hot. So, but it's yeah, it's it's
• 47:03
  really nice to show and then they understand, you know, that
• 47:07
  this is real what we are doing. This is not some fake thing and
• 47:10
  it's really coming from the community like we are doing it
• 47:13
  at small scale. We are doing this distributed
• 47:16
  locations where it's actually optimal.
• 47:18
  You know, we have solar that is in excess, We have cheap
• 47:22
  electricity. We have that's the only place
• 47:24
  where it makes sense. So and the more of these stories
• 47:28
  that come live that, yeah, that's just very positive for
• 47:31
  Bitcoin. So the New York Times can
• 47:33
  publish whatever they want or they can change the picture a
• 47:36
  little bit and but at some point truth comes out, you know, and
• 47:40
  it in the end, Bitcoin will always be better for the
• 47:43
  environment because it's against fractionally fractional reserve
• 47:46
  banking, you know. So it just means that it's very
• 47:49
  good for the environment anyway. Every euro in Bitcoin is much
• 47:53
  better than in any other investment you could do, you
• 47:56
  know. So but it's something that will
• 47:58
  click at some point and it will take years for people to grasp
• 48:01
  this. Yeah, and that had to been super
• 48:03
  powerful too, Nico, if I remember correctly, and you have
• 48:06
  better memory than me, was it Netherlands really fighting
• 48:09
  Bitcoin mining and we were using that example constantly.
• 48:12
  I think it was no. It was Norway.
• 48:14
  It was Norway. Sorry, forgive me.
• 48:15
  It's currently in Sweden. You know, So what they did in
• 48:18
  Sweden is that they, they put a specific tax on the electricity
• 48:23
  for Bitcoin mining, which they increased with 6000% or
• 48:27
  something ridiculous. So most miners will most likely
• 48:31
  move out of Sweden. And I think this is also the,
• 48:33
  the, the danger, you know, for large scale mining, if a
• 48:38
  government all of a sudden decides to kill you, they can.
• 48:41
  But with distributed mining, you know, a lot of small businesses
• 48:44
  and then all the whole miners, yeah, How are you going to stop
• 48:47
  this? You know, you have to knock
• 48:48
  every door and then check which computer is actually a minor.
• 48:51
  I don't know how they're going to do it, but it's much more
• 48:54
  difficult and actually the optimal locations here have to
• 48:59
  be distributed. They will not necessarily be
• 49:04
  centralized. And in Sweden this was the case,
• 49:07
  you know, it was next to a hydro dam where you have excess
• 49:10
  electricity. Yeah, and you know, it's
• 49:14
  interesting too, because they try the same thing in Norway.
• 49:17
  And the in the Norway to me was the smoking gun because.
• 49:22
  The IT was like 98% or 99% of the electricity that the miners
• 49:27
  were using was from socalled renewable energy sources in the
• 49:32
  northern, in the northern part of the country where it no one
• 49:36
  else is using that that power and they still tried to, they
• 49:41
  still try to ban it, right? So that, to me, tells me that
• 49:47
  this is a political motivation. Rather than a like an actual
• 49:52
  concern for the electricity. Because it's like, you know, and
• 49:56
  I think you're proving and I think that's why your projects
• 49:59
  are so important because it's like it's it's not only saying
• 50:05
  about it theoretically. It's actually like look guys
• 50:08
  like here's here's what is actually happening.
• 50:11
  You know, we will put that reporter's face inside or in
• 50:15
  front of the ASIC heat. And you know they can't deny it
• 50:18
  at that point. Anyways, everybody, let's let's
• 50:21
  move on to the meme review. We got a lot of memes to review.
• 50:25
  Let's check it out, the Daily Meme Review.
• 50:32
  Brought to you by Kaboom Racks. I get this question all the
• 50:34
  time. Nico, where should I buy Bitcoin
• 50:37
  miners? The answer is Kaboom racks.
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• 50:57
  Right. All right, you already know the
• 50:59
  deal. This is the meme review.
• 51:01
  Well you guys tag us in memes simply Bitcoin TV on Twitter or
• 51:04
  you drop them in our telegram group.
• 51:07
  T dot me slash simply Bitcoin tweet to the bullets memes of
• 51:09
  the artillery. This is the lighthearted way to
• 51:13
  end the show. Make sure you guys are
• 51:15
  entertained. Make sure you're having fun.
• 51:17
  Get the crowd involved with the show.
• 51:20
  So tag us in the memes and and drop the tweet in our telegram
• 51:23
  group. And I know I'm lagging a little
• 51:25
  bit right now, so Yellow was literally pestering me before
• 51:29
  the show. And he asked me to put this meme
• 51:33
  on and and you know I don't fall into the peer pressure.
• 51:37
  Nico, I usually would have told him to know.
• 51:39
  Wait, wait, hold on. I have him.
• 51:41
  No. But it is fitting.
• 51:43
  So we're going to put we're going to put his meme on the
• 51:45
  show today. This is yellow AKAICL offender 2
• 51:50
  on Twitter. And since we did have sailor in
• 51:52
  the news today. I I thought it was a good idea.
• 51:55
  Here we go. Sailor NPC buying all the
• 51:57
  Bitcoin? Bitcoin so yummy.
• 52:01
  Gang. Gang.
• 52:01
  Wait, wait. Yes, yes, yes.
• 52:03
  Pause it. Pause it for.
• 52:04
  A second. Pause it for a second.
• 52:06
  Pause it for a second. Everyone's been waiting for this
• 52:08
  moment. Oh yeah.
• 52:09
  Oh yeah. Wait, what was the?
• 52:10
  PC. Stack sets.
• 52:12
  Yes. Yes.
• 52:13
  Gang. Gang.
• 52:14
  Hmm. Spazzy Stack.
• 52:15
  Set. Gang.
• 52:15
  Gang. Gang.
• 52:16
  Gang. I love Bitcoin.
• 52:17
  Hmm. Cone.
• 52:19
  All right, all right, all right. Yes, yes.
• 52:23
  In cyberspace. Gang.
• 52:25
  Gang. OK.
• 52:27
  All right. Good.
• 52:28
  OK, Bitcoin. So good.
• 52:31
  Bitcoin so good. OK, here, let me get to the Real
• 52:34
  meme review here guys. Uh, shouts out to Yellow.
• 52:38
  He's. He's trolling off the NPC.
• 52:41
  Off the NPC. Now, now, now my boys are gonna
• 52:44
  gonna clip that and I'm never gonna live it down.
• 52:47
  OK, all right, there's this next meme is by Toxic Bitcoiner, and
• 52:54
  he tagged me in this. It was an old me or old tweet
• 52:57
  that I put on here and someone said like in quote, you got
• 53:03
  lucky here actually. Well, we'll do the we'll do the
• 53:05
  meme first. So we have the, you know.
• 53:08
  Worn out Wojack picture here and toxic bitcoiner and quote goes
• 53:13
  You just got lucky bro. You heard about Bitcoin so long
• 53:16
  ago bro. You don't deserve to not have to
• 53:18
  work bro. All you did was huddle.
• 53:20
  You're lazy. How hard is that?
• 53:22
  If I heard about it when you did, I would have went all in
• 53:24
  too bro. I would have held through too
• 53:27
  bro. Besides, the government says
• 53:29
  you're a terrorist now bro. And I saw this.
• 53:32
  It was on my radar because someone quoted.
• 53:33
  I didn't get lucky. I was right, and it's a tweet
• 53:36
  that I did a while ago didn't get.
• 53:38
  He studied Austrian economics. Let's go shuts out the toxic
• 53:42
  bitcoiner. This next meme is by Brian
• 53:44
  Lockhart, and in all caps he goes Bitcoin miners wondering
• 53:48
  where all the ordinal tards have gone.
• 53:50
  And he's got a chart here of the men pool.
• 53:54
  And you can see. The the fees here, you know, 600
• 53:58
  plus fees are per per transact. What's that per byte fees at
• 54:02
  5.285 BTC. And I thought the Wizards broke
• 54:06
  Bitcoin and we got the classic Wolverine picture where he's
• 54:09
  reminiscing and he's in bed and he's looking for the 600 sad
• 54:13
  fees. Oh man, what a what a crazy
• 54:15
  time. OK, this next meme is by Maxie's
• 54:17
  Club and it goes 478 Wales. And we got someone buying
• 54:22
  Bitcoin from a Bitcoin ATM, and it's on a camera and it's
• 54:25
  recording and it's a bitcoiner out there.
• 54:27
  And it goes, Whale's watching me buy Bitcoin at discount, and he
• 54:30
  sees that he's getting recorded and he winks at them and he
• 54:33
  goes, thank you for the cheap Sats, really appreciate it.
• 54:37
  Stay humble Stack sats. Stay solvent.
• 54:39
  This is the way. Continue the stack.
• 54:41
  Who cares what the price does? The only number that matters is
• 54:44
  how many sats are under your control.
• 54:46
  This next one is by Jose S BAM and it just goes hashtag Bitcoin
• 54:50
  and I know you guys have solved the world coin memes going
• 54:52
  around in the world coin news about people lining up to scan
• 54:56
  their eyeballs for some shit coin and this is looking into
• 55:01
  the 8 ball. The magic shiny 8 ball.
• 55:04
  AKA the world coin Orb. And it goes laughing my ass off
• 55:07
  you stupid fuck idiot. By Bitcoin.
• 55:11
  That was his meme. All right, this next one is by
• 55:12
  Cedor under score Ionic goes what year is it?
• 55:16
  And we have a girl here like. And it goes when his address
• 55:20
  starts with A1, starts with BC. Come on guys, don't use legacy
• 55:25
  addresses. Anyways, this next meme is by
• 55:27
  Greg ZAJ Uno. AKA Greg's all you want and he
• 55:30
  goes, quote, I think I'd like to solve this one and it's a wheel
• 55:34
  of fortune and you can see here it's, you know some letters and
• 55:38
  it sounds like, what is it, what's the second best?
• 55:42
  There is no second best and it's sailor down here smiling thing.
• 55:46
  I think I'd like to solve this one because there is no second
• 55:49
  best, OK. And this last one is by 21 JCLP
• 55:53
  and he goes by Bitcoin to protect yourself and your
• 55:56
  family. And it just goes bitcoiners.
• 55:58
  And you can see this like Pixar picture here of a Bitcoin family
• 56:03
  with the Bitcoin picture in the background.
• 56:07
  And they look so sweet and they look so solvent and wealthy.
• 56:10
  And this is the way guys continue to stack.
• 56:12
  What's my boy Nick? Can't mind say.
• 56:15
  I don't stack Sats for my first name, I stack Sats for my last
• 56:18
  name. This is the way guys, this has
• 56:20
  changed the course of not only your progeny but of humanity by
• 56:25
  stacking sats. This is why I do what I do as
• 56:28
  well. Anyways Nico or actually you
• 56:30
  guys drop your beam review score over there on the other side of
• 56:33
  everyone and we will cover it live.
• 56:36
  I legitimately forgot to get a score but this was on the floor.
• 56:40
  So silica jail packet. That I'm literally no, no, I'm
• 56:47
  not going to say that because the memes are great.
• 56:49
  All right, Nick, I go. What would you give, What would
• 56:53
  you give? I'm, I'm, I'm going to pass it
• 56:55
  on to Bert and then and then I'll go, I'm, I'm, I feel like
• 56:59
  I'm going to be outflowered here.
• 57:07
  Bert, what would you give those memes?
• 57:12
  It's a good one. Yeah.
• 57:16
  You you kicked off with the yellow one, that's.
• 57:20
  Gang gang. I love Vic Light.
• 57:22
  That's the 21, right? There we go.
• 57:25
  All right. There's no second best.
• 57:28
  Okay, that's a good score. That's a good score.
• 57:31
  Are you ready? Are you ready for my score,
• 57:34
  Opti? Dunces are done.
• 57:36
  I'm gonna. Give an event, I'm gonna give an
• 57:38
  event destroy. That's my score.
• 57:42
  That's my score. That's my score.
• 57:43
  That's my score. Nice.
• 57:45
  Nice. OK, let me see.
• 57:46
  I got a few. We got a few in here already,
• 57:49
  Nikko. So let me pull them up.
• 57:52
  I didn't check this. I can't.
• 57:54
  Believe he's from your town. That is so fucking cool, dude.
• 57:57
  I can't get over that. Oh man.
• 58:04
  All right, first, first from Rave Elevator, one wrestler, Ric
• 58:09
  Flair. Yell woo, woo.
• 58:13
  All right, Opti, you should, you should, you should have done it.
• 58:16
  All right. Next, score the P Man Man, me
• 58:18
  picking up my dog's business from the New York Times with the
• 58:21
  New York Times. Now that's environmentally
• 58:23
  friendly. All right, Yeah.
• 58:25
  Actually, let me read this one. Nico.
• 58:27
  Neutered field score. Get a degree?
• 58:29
  No. Get a real job.
• 58:31
  No. Provide value to my fellow man.
• 58:33
  Deaf. No.
• 58:34
  Become a live action and BMPC and use the games to stacks
• 58:38
  that. Oh, yeah, gang, gang.
• 58:40
  I love Bitcoin. I love Bitcoin, Cohen.
• 58:43
  So good. OK, All right.
• 58:45
  All right. Go, Nico.
• 58:48
  Your turn. Toddle coin.
• 58:53
  I give the memes a corn emoji. Yum.
• 58:55
  I love corn. You see?
• 58:57
  I'm pretty good at it. Too healthy.
• 58:59
  You're not the. You're not the only E girl here.
• 59:01
  OK. All right.
• 59:03
  I'm their favorite E girl. Bitcoin for Canadians?
• 59:06
  I give those memes another great weekend of green candles.
• 59:11
  OK, all right. And Elaine Bitcoiners find out
• 59:16
  ESG is a control system even if the Bitcoin ESG FUD stops.
• 59:20
  Some wisdom right there. All right, next one by Igor.
• 59:24
  I give those memes the greatest rude footballer ever.
• 59:28
  Gillett. Who is that?
• 59:30
  You know who that is, Bert. Yeah, that's Gillett.
• 59:34
  Yeah, just type in Gillett and then you will get some great
• 59:37
  pictures of it. Okay, It's really.
• 59:39
  A character, OK, I I'm gonna, I'm gonna.
• 59:42
  I don't know how to spell that. There was actually a really nice
• 59:45
  comment. Is he German?
• 59:47
  Dutch. Don't be rude.
• 59:52
  Forgive the chat, they get mighty sometimes.
• 59:54
  This guy with the hair, He's crazy.
• 59:56
  I know who this guy is. Isn't he amazing?
• 59:59
  Yeah, definitely. Yeah, he's world famous.
• 1:00:01
  Man, isn't he amazing? Yeah, yeah, this guy.
• 1:00:05
  OK, let's pull him up. Little, little soccer break for
• 1:00:08
  a second. There you go.
• 1:00:10
  This is the guy. This is the man.
• 1:00:12
  You. Guys don't know.
• 1:00:13
  Nico loves soccer. All right, we'll see.
• 1:00:18
  Hala, Madrid, OKI give the memes. 10,000 sats of government
• 1:00:23
  declared terror. Vendisher was on Madrid.
• 1:00:26
  All the stars are aligning today.
• 1:00:28
  Mclovin meme score. Bitcoin is still on sale.
• 1:00:31
  Stack harder. OKOK.
• 1:00:33
  Very nice. UTXO I give the memes a silica
• 1:00:39
  gel implant. Wait, wait.
• 1:00:41
  One more. One more.
• 1:00:42
  One more yellow. I give them an Opti polo shirt.
• 1:00:47
  Oh, I think we need a top wine for for the merch.
• 1:00:50
  Anyways, all right everybody, thank you so much for tuning
• 1:00:54
  into another episode of Simply Bitcoin Live.
• 1:00:56
  We appreciate y'all have an amazing weekend.
• 1:00:59
  I want to give a very, very special shout out and thank you
• 1:01:02
  so much Bert for coming on the show, telling your story.
• 1:01:07
  What you do is incredibly important, and I applaud you for
• 1:01:11
  making a business out of that man that is incredibly
• 1:01:14
  inspiring, and I'm really glad that entrepreneurs like you are
• 1:01:17
  on our side. Thanks guys, really nice.
• 1:01:21
  And why don't you tell everyone? We popped up your handle, but
• 1:01:24
  why don't you tell anyone for who's listening to the audio
• 1:01:27
  version where they could find you on the interwebs?
• 1:01:29
  Yeah, so at Boom Bitcoin, but also at Bitcoin Brabant and my
• 1:01:33
  personal Twitter is a BDG Burt the Growth.
• 1:01:36
  And then on Master of course at Burt BRT.
• 1:01:41
  Awesome. Thanks, man.
• 1:01:42
  Well, I really appreciate you joining us, bro.
• 1:01:44
  I appreciate it guys. If you enjoyed the show, you
• 1:01:46
  know what to do. Smash that like button.
• 1:01:48
  And if you feel like we provided you value, consider subscribing.
• 1:01:51
  But the number one thing you could do to help push the
• 1:01:54
  peaceful Bitcoin revolution is share this content.
• 1:01:57
  In fact, share all Bitcoin content.
• 1:01:59
  Don't share share coin content. That's counterproductive.
• 1:02:02
  We'll see you back on Monday, 12:15 PM Eastern Standard Time.
• 1:02:06
  But if you want to join the after party, me and Opti are
• 1:02:08
  going to be holding it down on Twitter Spaces, and hopefully
• 1:02:12
  Bert could join us until 2:00 PM Eastern Standard Time.
• 1:02:14
  So about 40 minutes. It's going to be a lot of fun
• 1:02:17
  and you can find us on there. All right, guys, I will see you
• 1:02:20
  later. Peace out, everybody.
• 1:02:30
  Hold on, hold on. I got a special special message
• 1:02:32
  for you guys in the YouTube chat,
• 1:02:57
  yo. Man, I'm never gonna live down.
• 1:03:02
  I shouldn't have done the MPC Bitcoin meme, and I'm never
• 1:03:05
  gonna live that down. It's gonna follow me forever.
• 1:03:08
  It's gonna haunt me for the rest of.