Latest / Simply Bitcoin / BlackRock Predicts Bitcoin's Mass Adoption Closer Than You Think! | EP 1092

Transcript

BlackRock Predicts Bitcoin's Mass Adoption Closer Than You Think! | EP 1092 · Simply Bitcoin

• 0:00
  Yo, what BlackRock just said about Bitcoin's adoption rate is
• 0:06
  a game changer. While a lot of people are
• 0:08
  expecting Bitcoin's adoption to take decades, we've uncovered a
• 0:12
  speech from BlackRock that they just gave at a conference and
• 0:16
  it's gotten 0 attention. And in the clip I'm about to
• 0:18
  play for you, BlackRock Insider suggests mass Bitcoin adoption
• 0:22
  could come a lot quicker than most people think.
• 0:26
  Today we're going to be exploring a why you're probably
• 0:29
  not ready for what comes next. So let's get into this clip.
• 0:33
  Let's play this clip because he's been saying a lot of the
• 0:36
  things that we've been saying for a long time, and now it's
• 0:38
  getting spread out by the biggest institutional managers
• 0:40
  in the world. Here we go.
• 0:43
  Ahead of thematic investing at Black Rock, I really spend a lot
• 0:47
  of my time thinking about the future and some of the
• 0:49
  disruptive changes that are impacting the world and society
• 0:52
  and the economy and our portfolios around us.
• 0:54
  Often times this is about disruptive technologies.
• 0:57
  Often times it's about societal changes, but what we found with
• 1:00
  blockchain and digital assets is that in some ways this is one of
• 1:03
  the fastest growing technologies we've seen in the last few
• 1:06
  years. On the right hand side of the
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  chart, you can see our adoption curve.
• 1:09
  This is just looking at how quickly certain assets are
• 1:12
  adopted by society, and you can see that blockchain and digital
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  assets are being adopted faster than major revolutions before
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  it, whether that's the Internet or whether that's cell phones.
• 1:20
  And there's a couple of reasons for this.
• 1:22
  The first reason is just we're living in a more digital economy
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  than ever before. If we're consuming things
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  online, streaming videos, playing video games, buying
• 1:30
  digital content, it makes sense to have digitally native assets
• 1:33
  to conduct those transactions, particularly when there's
• 1:36
  Secondly, and importantly, in a year like this year, where over
• 1:39
  half the world's population is voting for new leadership, not
• 1:41
  just the elections in the United States and Mexico and India and
• 1:44
  the European Union, we're seeing more geopolitical risk than
• 1:47
  before. And in fact, declining trust in
• 1:49
  institutions, whether that's trust in government institutions
• 1:53
  for maintaining peace and order, whether that's trust in central
• 1:55
  banks in terms of keeping inflation under control.
• 1:58
  More distrust has exacerbated the need for a global monetary
• 2:01
  alternative. You heard it here.
• 2:04
  First guys, we've been saying this for a long time and you can
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  see this chart right here I'm I'm colorblind, so forgive me
• 2:10
  messing up these colors here, but you can see this small chart
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  and I'm going to show you another chart of where we might
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  be on the adoption trend in Bitcoin and when mass Bitcoin
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  adoption might happen. So you see here yellow is
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  crypto, but in this in this framing, it's going to be
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  Bitcoin because we know Bitcoin's the only thing that
• 2:28
  matters. And you can see, you know,
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  Bitcoin being adopted faster than the Internet and faster
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  than mobile phones and you can see that.
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  The cell phone, you know, we all have cell phones here.
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  We all have super. Computers in our pockets got
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  adopted faster than the Internet, and here we are,
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  Bitcoin is being adopted way faster than all them.
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  So I know we talk about it constantly and we speculate and
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  we all wonder, OK, is this Bitcoin thing going to take
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  1020, thirty years to get mass adoption?
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  Will we ever even get to mass adoption is another conversation
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  entirely. But you can see that the trend
• 3:02
  is Bitcoin or in this term, digital assets.
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  Of course, this is a BlackRock person, so they're going to use
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  the phrasing digital assets since it's being adopted faster
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  than the Internet and a mobile phone.
• 3:13
  But I told you and I I you know, we always wonder where are we on
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  the adoption curve? And there is usually a pretty
• 3:20
  good framing, a pretty good model mental framework that you
• 3:24
  can use to understand the adoption of new technology.
• 3:28
  Some people usually kind of frame it as an S curve adoption,
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  but you can see here we have the automobile and what, what 1900
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  to about what says 1920? What there's roughly 90%
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  adoption. Similar, similar curve with
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  mobile phones we have here. I I can't even read this, this,
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  we don't have the clearest picture here, but roughly, you
• 3:51
  know, 28 years for the adoption of mobile phones and then
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  broadband Internet roughly 10 years.
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  And here we are with Bitcoin. We're about, you know, 15 years
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  in on this Bitcoin adoption curve.
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  Where exactly will we get that saturation of 90% adoption in
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  Bitcoin? From this chart, it looks like
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  roughly around 20302031. And if you follow a lot of stuff
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  going on in the world, there is this trend right now that 2030
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  is the date where things are going to fundamentally change
• 4:24
  here. And I think as a Bitcoiner, I
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  know I have a low time preference, a Longview on how
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  long this is going to take. I'm convinced I'm going to be
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  doing this for basically my whole life.
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  It does seem like Bitcoin is being adopted quicker than every
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  other technology that we've seen in the last couple of decades.
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  You know, in the in the 21st century, you've seen new
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  technology come out, get adopted very quick because it
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  fundamentally changes and improves your lives.
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  And we would argue that Bitcoin is no different.
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  So on that note, I do want to bring in our guest today or Co
• 4:59
  host first, Chris Alamo and our special guest, Matt Hill.
• 5:03
  And if you guys don't know Matt Hill, he is the GOAT behind
• 5:07
  start 9 OS, you know, start 9 node, which we absolutely love.
• 5:11
  It's our favorite note here at Simply Bitcoin.
• 5:14
  So I'm going to pass it over to Matt Hill real quick.
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  Matt, what's your idea on this Bitcoin adoption cycle?
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  Do you think it's going to be an S curve?
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  Are we seeing that maybe Bitcoins going to get adopted
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  quicker than we think or are you still, I know you're thinking in
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  like 100 year terms here on every time we talk about you're
• 5:32
  like this Bitcoin thing is going to take a long time.
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  So what's your thoughts on BlackRock thinking that Bitcoin
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  is getting adopted faster than the Internet and the mobile
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  phone wave? Man, that's a tough question.
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  I, I try not to think about this so much, to be honest.
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  I, it's definitely happening faster than I thought it would.
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  But I also think that there are some very significant Rd. bumps
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  that lay before us that we're not aware of yet, attacks that
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  we haven't seen yet. So while things may be, you
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  know, feeling good and going smoothly at the moment, I'm not
• 6:13
  optimistic that that's how wars progress indefinitely.
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  I think that we will encounter significant resistance in
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  unexpected ways, including just population resilience.
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  I think that at least in my own anecdotal experiences, people
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  are still very wary of Bitcoin, to say the least.
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  It is, you know, the butt of a lot of jokes in in kind of mass
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  culture. You know, if you say Bitcoin in
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  certain contexts, for example, the guy who, you know, was
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  giving a speech at a college commencement ceremony and was
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  like, Hey, you know, keep an open mind.
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  I for one, you know, I've researched Bitcoin and found it
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  to be and all the students started laughing.
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  I don't think that that's a trivial thing to just kind of
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  brush over. I think that there are some
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  major cultural obstacles to overcome still.
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  And that was from the younger generation, which is, you know,
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  even more concerning. Now that said, it was from the
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  American collegiate younger generation, which is not kind of
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  the target market for who needs Bitcoin in the world today.
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  So, you know, I kind of take that with a grain of salt, but
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  but anyway, yeah, I mean, I I don't know, it's happening
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  faster than I thought. I still think it's a multi
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  decade, you know, progression that will ultimately lead in,
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  you know, Bitcoin being the, the reserve currency of the world.
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  I mean, that's the hope and what I think will happen.
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  Yeah, totally. I 100% agree in in regards to
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  when you're talking to average people about Bitcoin, like you
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  said, the ridicule that you usually get the the push back
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  the whole like, oh, you're a crypto bro.
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  I don't want to listen to what you're saying.
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  So we are. Seeing that there is a cultural
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  push back in regards to Bitcoin, but Matt, I do want to ask you
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  what what are some of these attack vectors or what you see
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  coming down the pipeline that can potentially slow down
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  Bitcoin adoption? Oh man, adversarial thinking in
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  in a currency wars. So, you know, governments and in
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  particular the US federal government with the Federal
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  Reserve as its, you know, bankroller and real power
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  behind, behind that throne. They have a lot of.
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  Tools in the toolbox in terms of ways of attacking Bitcoin and so
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  you know there's cultural which again is being implemented and
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  will continue to be I I think that there will.
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  Be. A meaningful fork war in
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  bitcoins medium term future near to medium term future.
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  If we think that BlackRock and their you know, crypto assets
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  and digital tokens are taking off fast company is our friend,
• 9:05
  then you know we are greatly mistaken.
• 9:07
  They may be good for near term number go up purposes, but
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  ultimately they are an enemy of Bitcoin because they are a
• 9:17
  member of the existing system. They are an entrenched
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  beneficiary of the existing system, which means it would be
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  highly, you know, against their interests and their survival to
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  support a monetary asset and financial system that undermines
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  the basis of their power. Which means when they've gotten
• 9:41
  their fair share, their bite of the pie, once Bitcoin has pumped
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  sufficiently for them, they will turn on it with all of their
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  might and, and which unfortunately will be
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  meaningful. They will have a lot of weight
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  because they will hold a lot of Bitcoin.
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  They will have law and process on their side and they will have
• 10:03
  a lot of money to pay off a lot of people to join their side,
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  whether those are Bitcoin developers, wallet developers,
• 10:12
  exchanges, these are all attack points of the Bitcoin ecosystem.
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  And with sufficient coordination and resource backing, they, they
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  could, you know, derail progress for a while.
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  Again, I'm optimistic in the long run here.
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  But you know, the worst thing that you can do in a meaningful
• 10:35
  history altering moment in time is get complacent thinking that
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  you've sort of won and it's just a matter of time before you
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  know, you you get to reap the fruits of all your huddling
• 10:48
  labor. That would be highly inadvisable
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  in my opinion. This is a war and we are up
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  against well resourced, determined adversaries who are
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  fighting for their survival and their right to remain atop the
• 11:02
  human pyramid. And they're not going to go down
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  without a fight and to underestimate them would be a
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  mistake. Totally agree, Matt, I, I say
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  the same thing all the time. And you see that the trend on
• 11:14
  Twitter right now kind of the, the sarcasm around the meme of
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  Bitcoin already won. And it, it is kind of lazy
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  thinking. And we constantly talk about on
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  the show that, hey, yeah, Bitcoin as a technology, I think
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  is, you know, the cat's out of the bag and now people have to
• 11:31
  adopt it. But as Bitcoiners, we definitely
• 11:34
  have to get active, make sure our heads are on a swivel and we
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  don't let Bitcoin become Co opted.
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  And some might, it already has. And we're like, no, I, I think,
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  I think those fork wards, like Matt was saying are a little
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  down the road. I I'm personally kind of on the
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  fence right now that I I think BlackRock currently is
• 11:50
  incentivized. To see Bitcoin succeed.
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  But I'm not. I'm not.
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  Naive enough to believe that in the future they're not going to
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  do something. Shady.
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  If if their track record is anything to go go along with,
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  you know that at some point they are probably going to do
• 12:06
  something. Shady and we have to keep our
• 12:07
  head on the swivel. Anyways, Chris, what's your
• 12:09
  thoughts on the Bitcoin adoption cycle curve, where we are on the
• 12:13
  curve? And then maybe you can jump in
• 12:15
  on your thoughts on BlackRock as well.
• 12:17
  Yeah. No, I guess I'll say on the
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  adoption curve as of right now, I always saw 2035 as an
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  important point in the adoption curve because that's the point
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  when we reach 99% of the Bitcoin has been issued through mining
• 12:30
  issuance. So yeah, I definitely think
• 12:32
  that's really important. In terms of BlackRock, I think,
• 12:35
  you know, show me the incentives and I'll show you the outcome.
• 12:37
  It is in Blackrock's best interest to keep Bitcoin in
• 12:40
  their own funds or you know, as their financial advisors keeping
• 12:44
  it under their umbrella of assets.
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  They do it with stocks, they do it with bonds, they do it with
• 12:49
  Reit's, with real estate investment trusts.
• 12:51
  So it's something that they do not like Bitcoin's peer-to-peer
• 12:54
  nature or a way that you can self custody and hold the asset
• 12:57
  yourself. In that video that you played
• 12:59
  earlier today, Abby, or I think I forget if it was yesterday,
• 13:01
  where the black heart guy is like pitching for Bitcoin and.
• 13:04
  Crypto. Yeah, Broadly was basically
• 13:07
  pitching for like, hey, like we want to figure out a way to keep
• 13:11
  like these crypto Bros or these, you know, millennials that
• 13:14
  basically hold Bitcoin in self custody.
• 13:16
  There's no way for us to collect a fee if they're holding it in
• 13:18
  self custody. So they were asking to like lend
• 13:22
  a reaching helping hand and say to bring these assets back onto
• 13:25
  their platforms in order to basically rent, seek or collect
• 13:28
  fees on those. So I definitely like kind of
• 13:31
  agree with Matt's sentiment like they are the incentives are in
• 13:34
  line for now, but I definitely think there will be an attack by
• 13:37
  BlackRock to either fork it or to keep assets onto their
• 13:40
  platform and under their purview.
• 13:43
  Totally, totally. I mean, we've seen that trend,
• 13:46
  especially this year, the trend whether it was the choke .2
• 13:48
  point O, whether whether it's Gary Genser groveling about
• 13:52
  Bitcoin and saying like, Oh yeah, now that we have the
• 13:54
  Bitcoin ETFs, like if you want some Bitcoin exposure, just go
• 13:58
  to the regulated authorities and you can get some Bitcoin
• 14:01
  exposure. And the trend is exactly what
• 14:03
  you've been saying, Chris, that they don't want you to custody
• 14:05
  your Bitcoin. They don't want you running a
• 14:07
  start 9 node. Hence why this is what we need
• 14:10
  to do is. Run the nodes and take our
• 14:13
  Bitcoin into custody by jumping Chris.
• 14:14
  And then I do want to touch on one saying before we move on.
• 14:17
  Yeah, I'd be remiss to say, I know Matt probably echoes this
• 14:20
  as well, but I know the P2P rights.org, there's a bunch of
• 14:24
  landmark cases. So like then they fight you
• 14:26
  stage. Obviously there's cases going on
• 14:28
  with Bitcoin fog. I think they're going through
• 14:30
  appeals. Tornado Cash, I know they're on
• 14:32
  the Ethereum ecosystem as well as the free Samurai case for for
• 14:36
  the samurai developers. So as as of right now, there was
• 14:39
  a ruling a couple weeks ago basically saying that custody is
• 14:42
  not required for you to be considered a money transmitter.
• 14:45
  So that is obviously a landmark case.
• 14:47
  Obviously there's a lot of people working behind the scenes
• 14:50
  on the legal front saying that this is kind of ridiculous and
• 14:53
  obviously it's an attack of lightning, it's an attack of non
• 14:55
  custodial wallets. It's attack of definitely
• 14:57
  custodial wallets. So it's definitely I recommend
• 15:00
  if you have any spare sats or if you have the funds to donate to
• 15:03
  P2P rights.org. There's going to be a lot of
• 15:05
  cases that come out not in early December of this year, so it'll
• 15:08
  be post election, but it will still be pretty much landmark
• 15:11
  cases that are going through the court systems with those three
• 15:13
  cases in particular. Totally.
• 15:15
  And I mean even going further, it's an attack on nodes in
• 15:18
  general. It's like it's attack, it's an
• 15:20
  attack on the Bitcoin network at large, and it really just goes
• 15:23
  to show that the. Powers that be do recognize
• 15:27
  Bitcoin for the revolutionary technology that it can be and
• 15:30
  is, and they're trying to find ways to Co opt it.
• 15:33
  And This is why it's so important for everyone to stay
• 15:36
  vigilant. But there was something that
• 15:38
  Matt said earlier, and if you watch that full clip of the
• 15:41
  Black Rock conference that that I just played before you, he
• 15:46
  mentioned that as a millennial as, as we're moving in, you
• 15:50
  know, us millennials are getting older.
• 15:52
  We are basically the first digitally native, you know,
• 15:55
  generation. And that's why it, it's so easy
• 15:58
  for us to understand. I wouldn't say necessarily easy,
• 16:00
  but it's so intuitive for most millennials to understand
• 16:03
  Bitcoin. Obviously we see the world's
• 16:05
  going digital and it's a no brainer to have digital money.
• 16:08
  But I do find it interesting, like what Matt said, that the
• 16:12
  younger generation, the zoomers and alpha, there is, you know,
• 16:15
  some pockets of people that do understand Bitcoin.
• 16:18
  But it is very interesting to see the younger generation just
• 16:22
  be so flippant in regards to Bitcoin.
• 16:23
  Maybe it's because they didn't go through the 2008 financial
• 16:26
  crisis, You know, maybe they're just young and naive and they
• 16:29
  don't really understand the stakes at large.
• 16:32
  But it is interesting to see the younger generations kind of push
• 16:35
  back and fight against Bitcoin when in reality you think they'd
• 16:38
  adopt it a lot quicker because like they've grown up on TikTok
• 16:42
  and Instagram their whole lives. And it's like it's a digital
• 16:44
  world. We're never going back to a non
• 16:46
  digital world. But yeah, anyways, let's move
• 16:49
  on. We got a whole show for you
• 16:50
  guys. So if you like the content, of
• 16:52
  course, smash the like button, subscribe, comment, actually,
• 16:55
  actually guys comment in the chat.
• 16:56
  What year do you think we will see 90% Bitcoin adoption?
• 17:00
  Is it 20302031? Like what Chris was saying 2035
• 17:05
  drop? What you think that here is when
• 17:07
  we're going to get full Bitcoin adoption or maybe like Matt was
• 17:10
  saying, when will we see Bitcoin as the world reserve currency?
• 17:15
  So drop in the chat, let's see what you guys think.
• 17:17
  But before we move on, guys, we do got to pay the bills here, of
• 17:21
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  Bitcoin. Oh, my camera's my camera's
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  backwards. All right, wreck.
• 19:12
  All right, anyways, let's get into the time change stats for
• 19:16
  today. Of course, we're over here on
• 19:18
  Clark Moody's dashboard. The Bitcoin price today as of
• 19:21
  now is $62,450 per Bitcoin. The stats per dollar AKA how
• 19:26
  much Bitcoin is worth in dollars AKA how much Bitcoin you can buy
• 19:31
  for a single dollar is currently at 1601 SAT's or for the bits
• 19:35
  Maxis in the back 160 bits. We are currently at block height
• 19:39
  864,782. The market cap in Fiat terms is
• 19:43
  $1.23 trillion. The Bitcoin versus gold market
• 19:46
  cap is 6.73%. Still a lot of room to run in
• 19:50
  the hard money gang. And as Chris was telling us,
• 19:54
  what was the date you said, Chris, 2035 is when what you say
• 19:58
  99% of all bitcoins will be released.
• 20:00
  Yep. OK, Well, currently we're at
• 20:03
  94.11% of all the bitcoins that will ever be released.
• 20:08
  And you know, the money supply is roughly around 19.7 million
• 20:13
  Bitcoin in circulation. So hey.
• 20:16
  We're almost getting there guys. It's going to be 100 year grind
• 20:19
  there, but hey, a lot of the Bitcoin circulating right now,
• 20:22
  you might want to get some Bitcoin anyways.
• 20:25
  I found this clip and I really liked it considering what the
• 20:29
  topic we're talking about today. You know we have BlackRock
• 20:31
  jumping into Bitcoin, they're getting bullish on Bitcoin, but
• 20:35
  we're seeing that other people out on the interwebs are
• 20:38
  starting to become Bitcoin bulls themselves and Gary Cardone has
• 20:42
  become one of them. I don't know if you guys saw his
• 20:44
  Twitter the other day when he was going through the hurricane
• 20:47
  and he's like this $17 million mansion I bought.
• 20:50
  If I put it into Bitcoin, it would have been $60 million.
• 20:54
  And I don't have to worry about hurricanes.
• 20:56
  And so it's interesting to see more people wake up to this.
• 20:59
  Of course, Gary Cordone is pretty famous for being, you
• 21:02
  know, investor capital allocator.
• 21:05
  And he goes out and talks to, you know, the Internet about
• 21:08
  financial education and, and where you should be putting your
• 21:12
  money. But I found this clip and he's
• 21:14
  really going down the Bitcoin rabbit hole head first right
• 21:17
  now. But I'm not going to play the
• 21:19
  whole clip here. I just want to play the last
• 21:22
  part of this clip where he's saying everything we say here on
• 21:25
  the show every single day. And he sounds exactly like a bit
• 21:29
  corner. And considering we have Matt
• 21:30
  Hill here, I'm sure he's going to get on a good, good rant
• 21:33
  here. I was.
• 21:34
  I was planning and I told him before the the show joking a
• 21:37
  little bit like I'm going to do my best to trigger Matt so that
• 21:40
  he gets on a really good rant today.
• 21:42
  So hopefully this is the first. Chance I get?
• 21:44
  All right, let's listen to this. This is a cool thing, right?
• 21:46
  Difference between owning Bitcoin and maybe running
• 21:49
  private equity. I have to get my timing right on
• 21:51
  private equity, on this. I can literally not worry about
• 21:55
  exactly the right timing. I can just keep adding, looking
• 21:58
  down the road at 345 years saying, you know, one day, three
• 22:01
  or four years from now, no one's going to go into a bank.
• 22:05
  No one's going to be using Fiat. And if they are using Fiat, it's
• 22:08
  a digital Fiat and people are going to want to transact 24/7.
• 22:12
  And I for one, I would like a currency that has no involvement
• 22:16
  from any U.S. government or any private institutions that have
• 22:19
  attached themselves to government like people they with
• 22:22
  three letter words, FED, the Fed Fed is not a federal entity that
• 22:26
  is a private company and they're controlling the money supply and
• 22:29
  they are not controlling Bitcoin.
• 22:31
  And so that that is why Bitcoin has an unlimited upside because
• 22:34
  your U.S. dollar is getting trashed.
• 22:36
  Dude, you understand the US dollar will continue to degrade.
• 22:40
  There's only you're either growing or dying.
• 22:42
  Remember that saying you're either growing or dying.
• 22:45
  Well, guess what? Every time U.S. dollar gets
• 22:47
  diluted and 40% of all the US dollars ever created on this
• 22:51
  planet were created in the last four years.
• 22:54
  It absolutely blows my mind. You know, all right, guys, over
• 22:58
  the weekend, I, I hung out with my family and obviously at a
• 23:01
  certain point I got, I got on a, you know, my soapbox and started
• 23:04
  ranting about stuff. But it still blows my mind that
• 23:08
  most people don't understand how the dollar works.
• 23:11
  They don't understand that they're losing purchasing power
• 23:13
  by holding dollars. They don't understand, like Gary
• 23:16
  just said, you know, 40% of all the dollars ever created were
• 23:19
  created in the last four years. They don't understand that the
• 23:23
  Fed isn't federal and it has no reserves.
• 23:25
  Now, of course, a lot of this stuff might be considered, you
• 23:28
  know, like some nerdy financial, technical economics that most
• 23:31
  people are oblivious or could care less about.
• 23:34
  But fundamentally, when you understand what's going on here,
• 23:38
  you understand that as an average citizen of holding
• 23:41
  dollars, you're getting absolutely wrecked and
• 23:43
  devastated. And I think more people should
• 23:45
  understand the mechanics going on because then they would live
• 23:48
  a more prosperous, better life. And that's the whole point of
• 23:50
  this is to save in something that cannot be diluted by small
• 23:53
  Kabbalah people that isn't losing purchasing power and
• 23:57
  isn't isn't controlled by a small group of people.
• 23:59
  And that's what US Bitcoiners usually want to try to educate
• 24:03
  people, expose more people to the idea that, hey, maybe you
• 24:07
  don't want to be using Fiat money.
• 24:08
  I know we're forced to use Fiat money, but there is a better
• 24:11
  alternative. And it is Bitcoin.
• 24:13
  And I just love to see Gary Cardone go down the rabbit hole
• 24:16
  and he's sounding exactly like all of us Bitcoin Maxis.
• 24:19
  And I'm I just ventured to guess that he might have a bigger
• 24:22
  audience than most of us out here.
• 24:23
  And he's basically like, man, hey, your, your dollar is losing
• 24:28
  value, stupid. Like you are going poor by
• 24:31
  holding dollars. And now we're seeing that more
• 24:34
  people are going to wake up to this game.
• 24:36
  I think even, you know, as much as Black Rock is the big bad
• 24:39
  boogeyman here, they're even realizing the same thing.
• 24:42
  We're all realizing most people are dropping treasuries.
• 24:45
  No one wants to save in the dollar.
• 24:47
  We're all looking for the best asset to invest in.
• 24:49
  And of course, we would argue that that is simply Bitcoin.
• 24:52
  Anyways, Matt, what's your thoughts on what Gary just said?
• 24:57
  You know, I'm not sure why you thought that would trigger me
• 24:59
  it. Was in a good way.
• 25:00
  In a good way. It's.
• 25:02
  Pretty. It was pretty spot on.
• 25:04
  Sure. Yeah.
• 25:04
  I mean, he sounds like somebody who, you know, understands the
• 25:09
  nature of money at least to a degree.
• 25:11
  And from what I could hear in that, in that clip and
• 25:14
  recognizes that money is better off and separated from state and
• 25:18
  when it has a, you know, fixed supply cap and is probably just
• 25:21
  an Austrian economist. He did say one thing that you
• 25:24
  know, people will be using digital currencies whether non
• 25:28
  Fiat or Fiat. I agree there will still exist
• 25:31
  Fiat currencies in the future. There will be lots of
• 25:34
  currencies. My argument has never been that
• 25:37
  there will only be 1 currency and that it will be Bitcoin and
• 25:40
  that all transactions will be, you know, conducted with
• 25:45
  Bitcoin. It's that Bitcoin will underline
• 25:47
  that So in in the same way that gold effectively used to be the
• 25:51
  standard of value and reserve currency of the world, I just
• 25:55
  think that that becomes Bitcoin. So I'm definitely more of a
• 25:58
  Bitcoin is digital gold person rather than a Bitcoin is money
• 26:05
  currency. I it.
• 26:07
  Obviously can be used for both, just like gold can be used to
• 26:10
  purchase. Items, I think you know, Bitcoin
• 26:13
  can and will as well, but that is not its primary purpose.
• 26:16
  Its primary purpose is to serve as a backdrop for the Earth's
• 26:23
  economy and economic systems and provide that frame of reference
• 26:29
  against which all other values can be measured.
• 26:33
  So I think that that is the important, very important piece
• 26:38
  that is missing currently is that the standard of value, the
• 26:44
  the reference of value for Earth right now is the dollar.
• 26:48
  And that is? Changing because it is being
• 26:50
  manipulated. And so basically it's like being
• 26:53
  in in space with no frame of reference.
• 26:55
  We have no idea where we are. It's hard to, it's hard to do
• 26:58
  any kind of analysis or modeling on anything when the when the
• 27:03
  backdrop itself is changing. And so I think we really need
• 27:06
  that rock to stand on as a species, as a, as an economy.
• 27:10
  We need that basis of value which, you know, the dollar is
• 27:14
  supposed to be fulfilled, but is actually fulfilled more by gold
• 27:18
  and real estate, just in a very opaque way.
• 27:24
  Yeah, I love the distinction. Matt, I, I haven't talked to you
• 27:27
  about this, but what's your thoughts on the whole Bitcoin as
• 27:31
  a reserve strategic asset backing the dollar?
• 27:36
  I think it's, I think it's words, you know, the government
• 27:40
  talks about, you know, holding gold as well, or they'll talk
• 27:43
  about holding real estate or private.
• 27:45
  You know, it's like, sure, it's not a bad thing for the US
• 27:50
  government, for example, to do, but they're not going to back
• 27:55
  the dollar one to one with Bitcoin there.
• 27:58
  There's no way they, they, they got, they stopped doing that
• 28:01
  with gold because they wanted the ability to create currency
• 28:05
  Willy nilly. So they're not going to go back
• 28:07
  on to some sort of sound basis. The dollar has is on death row.
• 28:14
  I mean, it's only a matter of time before the dollar as we
• 28:17
  know it. Ceases to exist.
• 28:19
  That does not mean a new dollar won't come to replace it and
• 28:23
  that there will be a, you know, an exchange with the old dollar.
• 28:28
  But. You know, it might be called the
• 28:29
  dollar, but the dollar as it exists today.
• 28:32
  In other words, Federal Reserve Notes that are currently being
• 28:36
  issued by the Federal Reserve Bank are are going to be paper
• 28:40
  at some point. Totally couldn't agree more.
• 28:44
  Before I pass it off to you, Chris, I do want to kind of
• 28:47
  circle back a little bit to what Matt just said and you know, had
• 28:50
  tip to Nolan count BTC. I love him.
• 28:52
  I love the content he's making and he always harps on this.
• 28:56
  Idea that we are moving into a Maybe it's like a pseudo or like
• 29:00
  a digital bimetalism, a future where like you said that people
• 29:04
  are going to use the dollar and there's going to be other people
• 29:07
  that use Bitcoin to use Bitcoin to save maybe use dollars for
• 29:10
  payments in society. And I I'm seeing this trend play
• 29:14
  out a lot as well where you're seeing that yes, of course
• 29:17
  bitcoiners think that in the far off future Bitcoin will become
• 29:20
  the world reserve currency. But in the short term it is
• 29:24
  looking like we will be having two monies or two currencies
• 29:28
  that we're using. Like you said, you know, we'll
• 29:30
  have the digital gold, which is Bitcoin you save with it.
• 29:33
  You know, you maybe transact with people that you truly enjoy
• 29:35
  their products with and then everyone else you're using
• 29:38
  dollars. And we're seeing that El
• 29:40
  Salvador is done very similar by Metalism kind of work with their
• 29:44
  Bitcoin legal tender status of Bitcoin.
• 29:47
  And it seems like we are at least in the short term, moving
• 29:51
  towards that bimetalism future where there's going to be two
• 29:54
  monies. It's Bitcoin and the Fiat
• 29:56
  dollar. I don't think the Fiat dollar
• 29:58
  system is going to go away anytime soon.
• 30:01
  And some I argue it'll never go away.
• 30:03
  And this is the future where we are.
• 30:05
  It's like, do you want to use the good money for yourself and
• 30:09
  then use the government money when you have to interact with
• 30:11
  the government? That's what the Fiat money is
• 30:13
  all about anyways. Chris, pop in here.
• 30:15
  What's your thoughts on all this?
• 30:17
  I do think that, you know, kind of piggybacking of Matt was
• 30:21
  saying like I do think I don't think the dollar is going to go
• 30:23
  away anytime soon. You know, obviously there's
• 30:26
  certain entities and groups that would like ACBDCI know, you
• 30:30
  know, more of conservative or right leaning candidates are
• 30:33
  saying that they won't do that. But I think the cat's out of the
• 30:36
  bag. What I mean by that there's
• 30:37
  already tethered, there's USDC, there's like, you know, there's
• 30:41
  not going to be maybe not issued by the Federal Reserve or by the
• 30:44
  government, but definitely private entities.
• 30:47
  I've talked about this before and I know Mark Goodwin has a
• 30:49
  great book, The Bitcoin Eyes Dollar.
• 30:52
  And basically, like, you know, if a private entity creates
• 30:55
  ACBDC or something through proxy, you know, that's just as
• 30:58
  harmful or maybe even worse because you, it's not as in your
• 31:00
  face or not as apparent versus, you know, a CBDC where like
• 31:05
  China or, or like another, a country like that, where it's
• 31:09
  like, hey, you're using a, one that's run by the government
• 31:12
  versus a private entity that the government basically is allowed
• 31:14
  to peer into the back door of kind of like what was warned by
• 31:18
  like Edward Snowden. So I, I do think that the dollar
• 31:21
  will be around long term, you know, maybe the dollar, we know
• 31:24
  it as now is dying and will die in the future, but they'll reset
• 31:27
  the system or they'll do something to recreate the dollar
• 31:31
  or hey, we're leaving the Fiat dollar system and we're now
• 31:34
  using USDC, you know, as a way, as a proxy or way to reset the
• 31:38
  system in their favor. So what my, my advice to that is
• 31:42
  stay humble, stack sats, take Bitcoin into yourself custody.
• 31:45
  If you can buy non KYC sats, that's even better.
• 31:47
  And I'm sure we'll get into the node and the servers of it all
• 31:50
  with Matt shortly. Yes, definitely guys yeah stick
• 31:53
  around guys we got a we we're actually might even get into a
• 31:56
  little more cultural stuff going on right now, but we're going to
• 31:59
  be talking about the start 9 in the culture but before we do
• 32:02
  that guys, we found this story actually shout out to Cynthia
• 32:04
  Lummis an investment banking firm disclose that they keep 5%
• 32:09
  of their profits allocated to Bitcoin through of course the
• 32:13
  ETFs, but it. Looks.
• 32:15
  Like the huddle strategy is catching on worldwide, or at
• 32:19
  least right now in the US. So let's get into the news for
• 32:23
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• 34:34
  All right guys, let's get into this news.
• 34:37
  So first of all, bear with me guys.
• 34:40
  I know we're going to be talking about the ETFs a little bit.
• 34:42
  I know hold your tomatoes for later, OK?
• 34:45
  Just we got to update you on a couple of things and then we're
• 34:48
  going to talk about this news that we saw.
• 34:50
  All right. So of course, you know BlackRock
• 34:53
  is gobbling up all of the Bitcoin out there.
• 34:57
  They saw a $98,000,000 in inflow yesterday.
• 35:00
  They. Are as of today over $23 billion
• 35:05
  in an dollar price of Bitcoin holding 368,950 7.5 Bitcoin.
• 35:12
  They're head and shoulders above everyone else.
• 35:15
  And not only is it BlackRock that is scooping up the ETFs, of
• 35:19
  course, we hit a best performance of the beginning of
• 35:23
  the months yesterday with $235.2 million of of inflows going into
• 35:28
  Bitcoin with Fidelity's FBTC leading it with 103.7 million,
• 35:33
  followed by, of course, the BlackRock I bid of 97.9 million.
• 35:37
  And actually, you know, funny, a funny little thing, I'm not
• 35:41
  going to really talk about it, but we're seeing these record
• 35:43
  inflows at least, you know, monthly inflows just going
• 35:47
  astronomical into the Bitcoin ETF and, and yesterday would
• 35:51
  literally 0 inflows into the ETF.
• 35:54
  It's almost like the market doesn't want it anyways.
• 35:56
  That's not the story. We want to talk about today.
• 35:59
  So Cynthia Lummis dropped this this article here and of course
• 36:03
  we were talking about earlier about Bitcoin as a strategic
• 36:06
  reserve offering. And so Cynthia Lummis right
• 36:09
  here, quote, tweets this and goes, it's time for Treasury to
• 36:12
  stop chasing yield while ignoring value.
• 36:14
  You need both. A strategic Bitcoin reserve
• 36:17
  offers that missing store of value.
• 36:19
  Let's get back to basics and help America pay down its debt
• 36:22
  through savings. And she's quote tweeting this
• 36:25
  article here. It's on Cryptopolitan.
• 36:28
  But just reading the headlines and I'll show you the tweets
• 36:31
  here. Jeffrey's keeps 5% of Bitcoin
• 36:34
  allocation amid concerns over USD stability.
• 36:37
  Remember what we said in the beginning when we played that
• 36:39
  black BlackRock clip that anyone that understands what's going on
• 36:43
  right now is getting a little uncertain, a little a little
• 36:47
  weary about what's going on with the dollar.
• 36:49
  And so they're looking to diversify their their holdings
• 36:52
  and it's starting to become a trend that sense BlackRock on
• 36:57
  the Bitcoin, you know, bitcoins maturing, it's become
• 37:00
  legitimized. And now we're seeing that
• 37:02
  companies are using Bitcoin as that strategic reserve.
• 37:06
  And now next we'll probably see the nation states follow along.
• 37:11
  And just for you guys that don't know, Jeffrey's holds about $9.4
• 37:14
  billion in their portfolio and we don't really know all of
• 37:19
  their assets under management because they haven't disclosed
• 37:21
  their cash holdings, but they manage about $17 billion of
• 37:25
  assets compromising both proprietary and 3rd party
• 37:30
  capital. So we got an investment firm,
• 37:33
  investment banking firm Jeffries now allocating 5% of its
• 37:37
  holdings into Bitcoin and we got this from this tweet here.
• 37:41
  So you can see here's a chart of global long only equity
• 37:45
  portfolio right here. It's highlighted for the audio
• 37:48
  visioner. This watchers wow, blinking
• 37:52
  here. Vanek Bitcoin Trust huddle US 5%
• 37:56
  allocated and we got a quote here.
• 37:58
  Jeffrey's chief strategist Chris Wood keeps 5% allocation to
• 38:02
  Bitcoin via Vanek huddle quote. Bitcoin provides a potential
• 38:06
  solution to the calamity which will face the current USD Fiat
• 38:10
  system should markets conclude that G7 bonds, in particular
• 38:14
  Treasuries, are no longer risk free.
• 38:17
  We've been covering this for a while on the show that there's a
• 38:20
  growing trend out there that people are realizing that
• 38:23
  treasuries maybe aren't the risk free asset that they've been
• 38:26
  marketed to be. And maybe the real risk free
• 38:29
  asset is Bitcoin. Obviously that narrative is
• 38:32
  shifting. Bitcoin has historically been
• 38:34
  considered more of a risk on asset.
• 38:37
  US bitcoiners would argue the opposite.
• 38:38
  It's, it's the truly risk free asset.
• 38:41
  But he continues and says Lummus's Bitcoin reserve bill
• 38:45
  won't pass for now, but provides a framework for how to deal with
• 38:48
  U.S. government debt issues in the future.
• 38:50
  I'm not going to read the whole quote here, just the the
• 38:52
  underlying point points. So if gold remains an essential
• 38:56
  hedge against the growing likelihood of renewed policies
• 38:59
  of currency debasement in the G7 world triggered by fiscal
• 39:02
  deterioration and the resulting structural return of inflation,
• 39:06
  so is a Bitcoin. Obviously Bitcoin is still far
• 39:10
  from the mainstream, but that narrative is shifting and people
• 39:12
  are starting to wake up, or at least start to take Bitcoin
• 39:15
  seriously. And then wrapping up this quote
• 39:18
  here. Clearly, it is unlikely in the
• 39:20
  extreme that Lemis is built will become law in this Congress, but
• 39:24
  the prospects of such legislation in the next Congress
• 39:26
  will depend on the outcome of the November elections.
• 39:29
  With an estimated 50 million Americans owning Bitcoin, this
• 39:32
  represent a significant number of voters.
• 39:35
  From an electoral standpoint. The total size of the electorate
• 39:39
  is about 240 million. Meanwhile, the appeal of backing
• 39:43
  the dollar with Bitcoin is that it provides one potential
• 39:45
  solution to the calamity which will face the current U.S.
• 39:48
  dollar denominated Fiat paper system.
• 39:50
  Should market suddenly include that G7 bonds and in particular
• 39:54
  Treasury bonds are no longer risk free.
• 39:57
  Before I move on, I really like this phrasing here.
• 39:59
  U.S. dollar denominated Fiat paper system.
• 40:02
  Remember for a long time people wouldn't even say Fiat.
• 40:05
  I think they told us. For in the in the headlines, I
• 40:09
  forget what what establishment it was, but remember they told
• 40:12
  us like, don't use the word Fiat.
• 40:14
  It's bad guys. Quit saying Fiat.
• 40:17
  You're being meanies out here. Well, it's just a perfect,
• 40:20
  perfect descriptor for what it is.
• 40:22
  It's Fiat currency. It's money by decree.
• 40:24
  But the trend is growing and we've been talking about this
• 40:27
  for a while on the show that suddenly people are starting to
• 40:30
  realize that maybe I don't want to be putting all of my wealth
• 40:34
  in treasuries. We're seeing the BRICS nations
• 40:36
  are, are at least talking, talking about dropping their
• 40:38
  treasuries. We saw what happened in Japan
• 40:41
  recently and in China as well, where they're basically selling
• 40:45
  out all of their treasuries. And we're seeing this growing
• 40:48
  trend right now that treasuries are not the risk free asset
• 40:51
  that, you know, everyone thinks they are.
• 40:53
  We're seeing people look for alternatives.
• 40:55
  Of course, we would argue here that it is simply Bitcoin.
• 40:59
  You can see that Jay Powell and the Fed are fighting the ECB and
• 41:03
  Chrissy Lagarde. You know, they're, they're
• 41:05
  playing games with the interest rates and you're seeing that a
• 41:08
  lot of people are starting to wake up to this idea that, hey,
• 41:12
  maybe I need to buy some Bitcoin.
• 41:14
  Maybe I need to get out of this Bitcoin thing or out of this
• 41:17
  Fiat thing. And you're seeing that Jeffrey's
• 41:20
  they're starting small, 5% allocation.
• 41:22
  We would argue that they need to pump that number up.
• 41:24
  You know, we got, we got to get these numbers up.
• 41:26
  We, you know, one to five, one to 10% allocation to Bitcoin.
• 41:29
  That's not enough. But hey, they got to start
• 41:32
  small. But we've been talking about
• 41:34
  this for a while that the institutions move like the, you
• 41:36
  know, turning around the Titanic, slowly but surely they
• 41:39
  get their toes dipped into the water and then they start to
• 41:43
  ramp up their Bitcoin allocation.
• 41:45
  So Jeffries about $9.4 billion with 5% of that in Bitcoin.
• 41:52
  I think that's a pretty big play coming out.
• 41:54
  And so I, as we've been saying, I think we're going to see more
• 41:57
  inklings of this happening towards the end of Q4.
• 42:00
  And of course, I think 2025 is going to have big, old fireworks
• 42:04
  and big names coming out and holding Bitcoin on their
• 42:07
  treasury. Maybe they're watching what
• 42:09
  sailors doing with micro strategy.
• 42:11
  And they're like, man, I, I need some of this.
• 42:13
  I need to get Bitcoin on my balance sheet.
• 42:15
  So even though it's a ETF, we would argue they need to hold
• 42:19
  actual spot Bitcoin. But hey, baby steps first.
• 42:22
  Anyways, Chris, what's your thoughts on this?
• 42:25
  Yeah. I mean, that's a good chunk of
• 42:26
  change holding 5% of their portfolio.
• 42:29
  I think it's gradually been subtly.
• 42:31
  So I do think, you know, the people are coming and it's like
• 42:35
  I said, it's probably going to be another 10 to 15 years of
• 42:38
  adoption at least, if not sooner.
• 42:41
  Let's go. Well, it's happening slowly but
• 42:43
  surely it's happening. Anyways, Matt, I know you're a
• 42:46
  Bitcoin spot Bitcoin maxi here. So maybe maybe you're like, I
• 42:53
  don't care about the ETFs. What's your thoughts on
• 42:55
  Jeffrey's allocating to the the Bitcoin ETFs?
• 43:01
  I'm in the same as any other company or government that's
• 43:04
  buying Bitcoin through ETFs. You know, it's good for scarcity
• 43:09
  and number go up purposes, but ultimately I think the ETFs are
• 43:13
  a disaster waiting to happen. You know, possession is 9/10 of
• 43:18
  the law in the traditional world.
• 43:20
  In Bitcoin, it's sort of 10 tenths of the law.
• 43:22
  It doesn't matter what the law says about who owns that
• 43:27
  Bitcoin, if it goes missing from the database, there is no way to
• 43:32
  replace it. So you know, not only are
• 43:35
  individuals and corporate entities putting Bitcoin in
• 43:39
  trust of BlackRock, but then BlackRock in turn is putting
• 43:43
  some trust into Coinbase. I'm not sure exactly what the
• 43:47
  signature set up there is, but there's definitely some heavy
• 43:51
  intermediation, if not full blown custody.
• 43:54
  And so when you have multiple chains of custody and
• 43:56
  intermediation, you know, the end user is really just left
• 44:01
  holding an IOU. And so these companies and these
• 44:04
  people who are buying Bitcoin through the ETFs are going to at
• 44:08
  some point learn a hard lesson about possession and property
• 44:13
  being roughly equivalent. And that's not going to be good
• 44:17
  for price. If, if something like were to go
• 44:20
  down with Coinbase custody, people would panic.
• 44:23
  It would scare off institutions for decades potentially.
• 44:28
  I mean, who knows if, if and when Bitcoin as an institutional
• 44:32
  reserve asset would ever recover.
• 44:34
  I think it would, but it, it could derail things for quite a
• 44:37
  while. You know, I'm a do Bitcoin right
• 44:41
  kind of a person. I understand that that's not for
• 44:43
  everyone currently, but I think it can be for everyone
• 44:46
  eventually. We just need the proper
• 44:49
  technological systems and products and user experiences
• 44:53
  that enable somebody to do Bitcoin without compromise.
• 44:57
  That means non custodial and disintermediated.
• 45:01
  The Bitcoin space is largely focused on non custodial right?
• 45:05
  If proper bitcoiners focus a lot on non custodial Bitcoin,
• 45:11
  meaning hold your own keys but. Not a lot.
• 45:14
  Of even proper Bitcoiners acknowledge the importance of
• 45:20
  disintermediation. They're perfectly fine with
• 45:23
  using intermediaries for their financial needs, so long as
• 45:28
  those intermediaries do not take custody of their coins.
• 45:31
  And that is a mistake. Intermediaries can do all sorts
• 45:35
  of damage, even though they might not be able to.
• 45:37
  Outright take your funds. It's bad for privacy.
• 45:41
  It's bad for availability. Intermediaries can can censor.
• 45:46
  And and lie to you about your balances.
• 45:48
  They can prevent transactions from going out.
• 45:51
  They can cause all sorts of havoc in your life.
• 45:53
  And so you know. I acknowledge the ETF.
• 45:56
  And the purpose that it is currently serving in terms of
• 45:59
  awareness and adoption. But I am extremely wary and
• 46:04
  ultimately against anyone buying Bitcoin through an ETF.
• 46:10
  Yeah, I totally agree. I mean, I, I understand the need
• 46:12
  for some people to get exposure through the ETF.
• 46:15
  If you have capital in the traditional financial system,
• 46:18
  you know, we're we're not here to tell you what to do.
• 46:20
  But I totally agree with Matt, you shouldn't be bought.
• 46:22
  You shouldn't be putting money into the ETF if it's not already
• 46:26
  trapped there. You should just be buying spot
• 46:28
  Bitcoin. This is the way anyways, on that
• 46:32
  trend that Matt was just talking about of running, Oh no, non
• 46:36
  custodial disintermediation. We are going to talk about Start
• 46:40
  9 and actually an interesting story that that we weren't just
• 46:43
  kind of chatting about before the show and Chris brought it
• 46:46
  up. It's that the meta Facebook
• 46:49
  glasses and maybe start 9 fixes this.
• 46:52
  So it's going to be an interesting conversation.
• 46:54
  Can't wait to hear Matt talk about it.
• 46:55
  But let's get into the culture, guys.
• 47:10
  All right, you. Already know the deal boys and
• 47:11
  girls make sure you go check out orange pelapp.com stack friends
• 47:15
  who stacks sats as we've been showing on today's show, Bitcoin
• 47:19
  is slowly but surely taking over the world and you want to ensure
• 47:23
  that you are surrounded by like minded individuals because
• 47:26
  things are getting crazy out there in Fiat clown world and
• 47:30
  and man you got to protect yourself by being surrounded by
• 47:32
  bitcoiners. So download the app.
• 47:34
  You guys can reach Nico. You might not be able to reach
• 47:37
  me because I hardly respond to DMS I I've noticed your DMS. I'm
• 47:41
  backed up by like 50 comments. So I'll I'll get to you guys
• 47:44
  soon, but go to orangepoolapp.com stack friends
• 47:47
  who stacks that's Bitcoiners will fundamentally change the
• 47:51
  world and you want to align yourself with other bitcoiners.
• 47:54
  OK, let's get into this. Actually, before we go into this
• 47:58
  clip, Matt, let's just do a TLDR for people.
• 48:03
  What is Start 9? What are you working on and
• 48:06
  what's the long term goals of the Start 9 project?
• 48:12
  So Start 9 is primarily the creator of a new kind of
• 48:18
  operating system, which in this case is a Linux distribution
• 48:23
  that is oriented around the administration of a server as
• 48:28
  opposed to a client device. So most if not all well known
• 48:33
  operating systems in the world such as Mac, Windows, all your
• 48:39
  Linux distributions, iOS, Android, these things are all
• 48:44
  designed to help a normal person administer a computer, namely a
• 48:50
  client device. So a laptop, a desktop, a cell
• 48:53
  phone, or a tablet, these are all what we call client devices.
• 48:58
  And client devices can be thought of more accurately as
• 49:02
  remote controls. So boy, that ticker is broken on
• 49:06
  our website. Anyway, we're removing that
• 49:08
  section today anyway. It's literally the PRS already
• 49:10
  merged. So anyway, client devices are
• 49:13
  remote controls. Your cell phone, your tablet,
• 49:15
  your laptop are primarily remote controls that are operating a
• 49:20
  computer somewhere else that is owned by someone else.
• 49:24
  And those are called servers, right?
• 49:26
  Servers are the backbone of the computing infrastructure and
• 49:31
  they are most commonly referred to it as cloud computing, right?
• 49:34
  This is why when you open your phone and you open your laptop,
• 49:37
  you can see the same information on both devices because it's
• 49:40
  syncing through a single computer that you do not own or
• 49:43
  control, and that is the server. So in order to administer your
• 49:50
  own server, to run your own server, so that way you can sync
• 49:53
  your devices through your own server as opposed to through
• 49:55
  somebody else's server, you need to be able to technically,
• 49:59
  literally administer that server, which is very difficult.
• 50:03
  It's a highly advanced skill set called Linux systems
• 50:07
  administration. In most cases you can use Mac
• 50:10
  and Windows, but it's usually Linux and it's you you you have
• 50:13
  to be a trained systems administrator to own and operate
• 50:17
  a personal server effectively. And obviously nobody is a
• 50:20
  trained Linux sys admin and so they can't own and operate a
• 50:24
  server, which means they are forced to use other people's
• 50:28
  servers. And therefore giving those other
• 50:31
  people, namely large corporations like Amazon,
• 50:35
  Microsoft, Apple, Google, giving them pretty much absolute
• 50:42
  control over your digital existence, which in the
• 50:45
  information age is increasingly just your existence.
• 50:49
  And so we are all by and large digital dependence, digital
• 50:54
  surfs, if you want to think of it that way, where none of our
• 50:58
  computing infrastructure is actually our own.
• 51:00
  We are perpetual renters. Everything we do can be.
• 51:03
  Viewed. Censored, charged, and
• 51:08
  ultimately it's just insecure because these third party
• 51:11
  servers where everyone is storing their data can be
• 51:13
  breached. So our stance is that there's a
• 51:15
  better way to do computers, a better way for humanities
• 51:19
  information age, and that is for people to run their own servers.
• 51:25
  And in order to run your own server, we needed a server
• 51:28
  operating system, right? For the same reason that nobody
• 51:31
  could run their own computer until Windows and Apple came
• 51:35
  along, right? Microsoft and Apple in the 70s
• 51:38
  and 80s. Prior to that most people could
• 51:40
  not run their own computer. Well, now nobody can run their
• 51:44
  own server. And that's because there is no
• 51:46
  equivalent of Microsoft and Apple from the 70s making
• 51:49
  servers accessible to everyone. And we are trying to be that.
• 51:52
  We are trying to create a server operating system, which we do.
• 51:55
  It's called Start OS that enables anyone non-technical
• 52:00
  people to own and operate a personal server and then use it
• 52:03
  for all their computing needs and effectively ditch Apple,
• 52:06
  Google, Microsoft, Amazon and without disconnecting from
• 52:11
  society. Totally love it, Matt.
• 52:15
  And actually you, you just hit on it and I and I know I'm
• 52:19
  basically going to make you repeat yourself, but you me and
• 52:22
  you've had this conversation off air one time where you're like,
• 52:25
  dude off you. Like everyone just thinks of us
• 52:28
  as a node company, but in reality, we're really a company
• 52:33
  building a new operating system. So can you rant about that for a
• 52:36
  moment? And then we'll talk about this,
• 52:38
  this meta glasses, you know, the what, what did you say?
• 52:42
  The I the IO world, the, the smart world that we are also
• 52:47
  terrified of. Maybe start 9 fixes this.
• 52:50
  But before we do that, Matt, let's touch on You aren't just a
• 52:53
  node company. You are building a totally new
• 52:56
  OS. So educate the the audience on
• 52:59
  that. Yeah, I'd go even one step
• 53:00
  further and say we're not even an OS company.
• 53:02
  We are a computer company. Right you back in the day.
• 53:05
  Companies used the word computer after their name.
• 53:08
  So it was Apple Computer, Compact computer.
• 53:11
  You could think of Start 9 as Start 9 computer.
• 53:14
  We are a computer company and the backbone of a computer
• 53:17
  company. I mean, there are different
• 53:19
  types of computer companies, but a full blown, you know, general
• 53:22
  computer company. Is the OS right?
• 53:25
  The operating system is the the crux around which the user, the
• 53:30
  hardware, and ultimately the applications that you want to
• 53:33
  run interact, right? The OS is the centerpiece that
• 53:37
  enables that entire computing paradigm to exist.
• 53:42
  And so we by necessity started with a server operating system,
• 53:48
  but it's not where we stop right?
• 53:50
  Start OS is our server OS we. Rightfully, I think argue that
• 53:55
  it is the best server OS that has ever existed.
• 53:59
  It is still technically in beta, even though we've been, you
• 54:03
  know, we've been shipping it around the world since 2020.
• 54:07
  So we're mentoring our fifth year as a company now in our
• 54:10
  fourth year since start OS was released.
• 54:13
  But it is still technically in beta and still has a long way to
• 54:15
  go. But it is very good and it is
• 54:17
  being used by many thousands of people around the world
• 54:20
  effectively every day. So we've laid that fundamental
• 54:23
  cornerstone of any computer company.
• 54:27
  But our goal is not cloud computing and it is not personal
• 54:31
  computing. Our goal is ultimately what we
• 54:33
  call sovereign computing. It means.
• 54:37
  Effectively smashing together personal computing and cloud
• 54:40
  computing such that you can do cloud computing in a personal
• 54:44
  way. OK, so computers used to be
• 54:46
  personal, but they were siloed, isolated, only existed on the
• 54:49
  client side. They couldn't sync together.
• 54:51
  And then the cloud came along and made computers much more
• 54:54
  usable. Right?
• 54:55
  The whole Internet revolution, but we lost all of the privacy
• 55:00
  and personal nature of personal computing.
• 55:03
  And so we believe that the IT is high time for the third
• 55:06
  computing revolution that will come to define the computing
• 55:09
  paradigm of humanities, information age, which we are at
• 55:13
  the present calling sovereign computing.
• 55:14
  You can also think of it as edge computing, where there is no
• 55:18
  central party that intermediates information and data as it flows
• 55:25
  around the world. And so where we go from here is
• 55:30
  where it starts to get really interesting now that we have the
• 55:33
  operating system that enables a normal person or company to run
• 55:37
  their own server. Well, now what can we do with
• 55:40
  it, right? What can we build around that
• 55:43
  foundation stone? And that's where it gets really
• 55:47
  interesting. And I think where you're going
• 55:48
  to want to go with the conversation here, but I'll hand
• 55:50
  it back to you. Yeah, yeah, let's I'm going to
• 55:53
  pull this this clip up, but Chris, you want to tee this up?
• 55:57
  We we were, we were literally having this conversation before
• 55:59
  the show and and Chris is like, yo, did you guys see this video?
• 56:03
  So tee it up a little bit and then I'm going to play this
• 56:06
  video. Yeah.
• 56:07
  So Meta is dropping their smart glasses and these bunch of
• 56:11
  students, I believe from Harvard basically were able to code it
• 56:14
  to basically identify people very quickly within 10 seconds
• 56:17
  and kind of pull out all the information.
• 56:18
  So I'm saying, well, Matt and Start 9 are creating like the
• 56:21
  sovereign computing error. There's definitely the people
• 56:24
  that are creating the sovereign surveillance era or you know,
• 56:27
  corporations, they're expanding their reach and growth with
• 56:29
  smart devices. Yeah. 100% All right, let me
• 56:32
  just play the beginning of this clip.
• 56:33
  And then we didn't hear Matt's pitch on this, but it seems like
• 56:38
  start 9 might fix this. Invisibility.
• 56:41
  So that let you identify anybody on the street.
• 56:43
  The information I took Lex from, just a photo of your face is
• 56:46
  stabbing. Wait.
• 56:49
  To use it, you just put the glasses on.
• 56:54
  Then as you walk by people, the glasses will detect when
• 56:57
  somebody's face is in frame. This photo is used to analyze
• 57:00
  them, and after a few seconds, their personal information pops
• 57:03
  up on your phone. Right, This is me, volunteer
• 57:05
  June Lee. Right, Your you're from Bergen
• 57:10
  County Academies. Yeah.
• 57:12
  Your Korean name is Ju Yoon. Okay, okay, crazy.
• 57:18
  That stuff is on the one hand amazing, on the other hand very
• 57:25
  terrifying. So Matt, what's your thoughts
• 57:28
  when you see stuff like this and what would be the difference or,
• 57:32
  or, you know, we were talking about earlier, how start 9 or at
• 57:36
  least what you're trying to do. We, we always have these
• 57:39
  thoughts right now. It's a, it's a growing, growing
• 57:40
  trend right now. Like the smart world, you know,
• 57:42
  smart, smart computing, smart houses, smart cars.
• 57:46
  Everything's smart now. But just the conversation we
• 57:50
  had, you're like they're. Doing it wrong and start 9 is
• 57:53
  going to fix this. Yeah, so this this hits on why
• 58:00
  *9 exists. You know when when humanity made
• 58:05
  the switch from personal computing to cloud computing
• 58:08
  over the last 20? Years.
• 58:11
  What became intermediated was our data.
• 58:15
  OK, so all of our interactions. So if you and I want to text
• 58:17
  message that's going through a third party, they know we're
• 58:20
  talking. They know when we're talking,
• 58:21
  they know what we're saying. They can use that information
• 58:24
  for whatever purposes they see fit, whether it's to sell to
• 58:27
  advertisers in order to make money or to hand over to to
• 58:30
  government in the case that they're asked for it.
• 58:34
  It also gave them immense power over information, meaning that
• 58:38
  they could censor through algorithmic amplification and
• 58:41
  suppression. It put them in a financial, a
• 58:43
  position of financial power, meaning that they could charge
• 58:46
  us for these, you know, basic tasks like messaging each other
• 58:51
  or storing our data somewhere. And that's fine right there.
• 58:53
  That's the service they're providing.
• 58:55
  But it is more costly than if we did it ourselves, just like
• 58:58
  going to a restaurant that's more costly than cooking for
• 59:00
  yourself. And lastly, it created this this
• 59:04
  circumstance where everyone is using these servers.
• 59:06
  And so they become very valuable and they attract, they become
• 59:10
  targets in cyber warfare, which we have not seen a lot of, but
• 59:13
  we'll see more of in the future. And there will be massive data
• 59:16
  breaches where people who weren't even the targets will
• 59:19
  have their data leaked everywhere.
• 59:21
  All that is just to say that we were actually.
• 59:24
  Willing to put up with that as a species, right We looked at
• 59:27
  cloud computing and I'm just speaking for the market here I'm
• 59:29
  I'm observing the market's decisions and saying as a
• 59:34
  collective whether through ignorance or intent, we have
• 59:39
  decided that it is OK that those problems that I just listed
• 59:43
  invasion of privacy, censorship, high cost and counterparty risk
• 59:47
  of data custodianship we've decided that those costs are.
• 59:51
  Worth. It for the benefits of the cloud
• 59:55
  and of the current computing paradigm, including glasses like
• 59:58
  the Meta goggles or whatever they're called that you just
• 1:00:00
  showed, right? People want this and they're
• 1:00:02
  willing to pay a heavy, heavy price to get it.
• 1:00:06
  This has been demonstrated by the market.
• 1:00:08
  However, where it goes from here is, I think, where people are,
• 1:00:13
  where the market is going to begin rejecting this computing
• 1:00:17
  paradigm, which is physical devices.
• 1:00:20
  OK, so I personally, this is just an anecdote, but I
• 1:00:23
  personally know a lot of people who do not have home security
• 1:00:28
  cameras. They do not have cameras in
• 1:00:30
  their home or outside of their home, but they want them, right?
• 1:00:34
  They, they would like to have security cameras in their home
• 1:00:37
  that are storing footage that they could watch live, whether
• 1:00:40
  it's to monitor babysitters or to use for home security.
• 1:00:44
  But they don't have them. And the reason that they don't
• 1:00:47
  is because they are unwilling to grant access to the privacy, the
• 1:00:53
  internal privacy of their home in a visual sense to Nest,
• 1:00:57
  Google, Apple, Microsoft, they do not want employees at this,
• 1:01:02
  at these companies to be able to just watch them through these
• 1:01:05
  cameras in their home, to watch them and their children.
• 1:01:07
  It feels invasive. They were fine with Google
• 1:01:12
  reading their emails. They were fine with Apple
• 1:01:14
  reading their text messages, they were fine with Microsoft
• 1:01:17
  viewing all the files stored on OneDrive.
• 1:01:20
  But they are not fine with those same companies and employees
• 1:01:24
  watching them undress. And so I think that is
• 1:01:26
  humanity's red line. However, if you zoom out, it is
• 1:01:31
  very hard for anyone to imagine a future on this planet Where
• 1:01:35
  all these devices don't exist. All these smart devices, right?
• 1:01:38
  Smart thermostats, doorbells, cameras, drones, smart speakers,
• 1:01:44
  your car, everything can and should, in my opinion, be smart,
• 1:01:51
  right? A smart device world is a more
• 1:01:53
  efficient world. In the information age.
• 1:01:56
  Information has value and so the more information you have and
• 1:01:59
  can collect through sensors on your body, in your home, around
• 1:02:03
  the world, the better, right? So devices that are capable of
• 1:02:07
  interacting with the physical world I think are a net positive
• 1:02:10
  for both an individual and society as a whole, however.
• 1:02:14
  So now we've got this rock and a hard place you go.
• 1:02:16
  OK, It is inevitable that the world is going to be filled with
• 1:02:20
  smart devices. But nobody wants these smart
• 1:02:23
  devices so long as they are directly feeding the information
• 1:02:27
  they collect to 3rd party servers where that information
• 1:02:31
  can be used in all the same ways that your text messages could
• 1:02:35
  previously be used, right? Think about automatic door locks
• 1:02:39
  on your home, right, where you can lock and unlock your door
• 1:02:42
  using biometrics or by, you know, just waving your hand or
• 1:02:46
  even by your door, seeing your eyes and unlocking it.
• 1:02:49
  All right, Imagine that kind of technology and the benefits it
• 1:02:52
  affords. But now imagine that there's a
• 1:02:55
  new wave of lockdowns for a new pandemic, and suddenly your
• 1:02:59
  doors literally physically will not unlock without the
• 1:03:04
  government knowing it. And so now you lockdowns are not
• 1:03:08
  don't need to be enforced through any kind of physical
• 1:03:11
  manpower. It's like if you leave your
• 1:03:13
  home, if you walk out of your home for every minute that you
• 1:03:17
  are out of your home, you will be fined a certain amount of
• 1:03:19
  money. And because it's we're all on
• 1:03:20
  the CBDC, that money will drain directly from your bank account
• 1:03:23
  until you re enter your home. That is the kind of horrific
• 1:03:26
  dystopian future that awaits us if the smart devices remain
• 1:03:33
  under the control of the central corporations and governments.
• 1:03:39
  And So what Start 9's actual mission is, is to enable the
• 1:03:43
  smart future, these very same devices, cameras and door locks
• 1:03:47
  and doorbells and smart speakers and drones and everything
• 1:03:50
  imaginable. But you know, such a way that
• 1:03:53
  the information that they collect on a minute by minute
• 1:03:57
  basis is actually being fed to and stored on a server that the
• 1:04:03
  user, the family or the business who owns those devices
• 1:04:07
  absolutely controls. Therefore, I can put a security
• 1:04:11
  camera in my home, go to the other side of the world and
• 1:04:14
  watch live video footage from my home in such a way that nobody,
• 1:04:21
  I mean nobody, no governments, no corporations, nobody even
• 1:04:26
  knows that the camera exists, let alone has the ability to spy
• 1:04:32
  on it or control it. And this is not some long term
• 1:04:38
  pipe dream. The progress that we have made
• 1:04:40
  so far and will make in the next one to two years should enable
• 1:04:45
  us to do that exact thing, to offer a camera that can be used
• 1:04:51
  to monitor your home, live and store data with minimal effort.
• 1:04:59
  It should mirror. The current setup of like a say
• 1:05:02
  a Nest camera and can be done by anybody regardless of technical
• 1:05:06
  expertise within the next one to two years.
• 1:05:10
  So we, we've made rapid progress and there really isn't an
• 1:05:14
  alternative at the moment, right?
• 1:05:15
  If you're somebody who wants smart devices in your life to
• 1:05:19
  make your life easier or better, you really only have two
• 1:05:24
  choices. You either get the smart device
• 1:05:26
  that feeds all the information directly to a Google server or
• 1:05:30
  you don't get the smart device. Those are your two choices and
• 1:05:32
  we are going to be the third option.
• 1:05:35
  Hopefully it's not just us, but currently it is.
• 1:05:38
  Yeah, I mean, Matt, I'm, I'm literally one of those people
• 1:05:41
  where I see like, yeah, smart devices sound great, but I'm
• 1:05:45
  just like terrified to have them anywhere near me.
• 1:05:48
  I make fun of all my friends if they have Alexa's and you know,
• 1:05:51
  I'm just like, they sound great on paper, but understanding just
• 1:05:55
  some basics of it. I'm like, keep me as far away
• 1:05:59
  from these smart devices as possible.
• 1:06:01
  Smart homes terrify me unless they're going to be using some
• 1:06:04
  kind of start 9 as as part of the suite here.
• 1:06:08
  But touching on that you, you just said, you know, this isn't
• 1:06:12
  some pipe dream about the future.
• 1:06:14
  You did just recently soft announce the start 9 router.
• 1:06:18
  So could you tease that for the audience?
• 1:06:20
  And then and then we'll go over the the start 9 nodes that you
• 1:06:23
  have and then we'll wrap up today's show.
• 1:06:25
  Yeah, for sure. So as I mentioned, we started
• 1:06:28
  with start OS, which is our server operating system, because
• 1:06:32
  the server is the backbone and brain of any computing network,
• 1:06:38
  of any computing system, right? And so you have to get that
• 1:06:41
  brick in place first, you have to have your own server and you
• 1:06:45
  have to feel. Competent administering it.
• 1:06:47
  That's step one. The next thing is that the
• 1:06:49
  server needs to talk to other things, right?
• 1:06:51
  The server needs to communicate with your cell phone, your
• 1:06:54
  laptop, with this eventually with the camera and the doorbell
• 1:06:57
  and all that. And so how do computers talk to
• 1:07:00
  one another? You get into, you know,
• 1:07:03
  networking and on any, in any given network, the traffic
• 1:07:08
  controller, right? The thing that decides who gets
• 1:07:11
  to talk to whom and when is the router.
• 1:07:14
  On any network you have routers. And so for us the next logical
• 1:07:18
  device in our progression to tackle the private IoT future
• 1:07:23
  was to develop a router. Now at first we didn't want to
• 1:07:27
  develop a router. We we just wanted to recommend a
• 1:07:30
  router to our customers and users that would play nice with
• 1:07:35
  start OS and their server. And after scouring the market,
• 1:07:40
  we came up empty handed. We could not find a router in
• 1:07:44
  existence that satisfied the functionality and user
• 1:07:50
  experience that we thought was necessary for our our vision of
• 1:07:56
  how these systems, how these devices would interact.
• 1:07:59
  And so we as a chore really set out to build a better router
• 1:08:05
  operating system and device that would that would enable this
• 1:08:09
  future. And as we went about designing
• 1:08:11
  this device and quite frankly, learning a lot as a team,
• 1:08:14
  because this was not a, a core competency of anybody at start
• 1:08:17
  9. But we, we are, you know,
• 1:08:20
  largely engineers, developers and felt very competent to
• 1:08:22
  figure it out. As we went about designing this
• 1:08:25
  new router, we got increasingly excited because what we came to
• 1:08:28
  realize is that the router industry as a whole is like the
• 1:08:32
  printer industry. It just sort of sucks, right?
• 1:08:35
  Like they, they all suck. All routers suck.
• 1:08:38
  And even the ones that allow you to do what you want to do
• 1:08:40
  require an enormous amount of technical expertise to
• 1:08:43
  administer, right? They're, they're not user
• 1:08:45
  friendly. The the user interfaces are
• 1:08:47
  largely from 1995 and the nice ones, the nice modern UIS for
• 1:08:53
  routers are usually cloud based from your ISP.
• 1:08:57
  So in order to use them you're you're effectively granting your
• 1:09:00
  ISP carte blanche access route access to your entire home
• 1:09:04
  network, which we highly advise against of course.
• 1:09:07
  So there was no real combination of a great user experience and
• 1:09:11
  user interface combined with the power that is necessary to do
• 1:09:15
  what we want to do. And so as we began designing
• 1:09:18
  this thing and the further we got along, we started to get
• 1:09:20
  really excited. Like I cannot wait to use the
• 1:09:23
  router that we are designing. It's just really cool.
• 1:09:26
  Like we are going to make routers a cool device, right?
• 1:09:29
  Routers are sort of the forgotten appliance of the
• 1:09:32
  office. They just this box that sits in
• 1:09:35
  the corner. And in many cases your ISP just
• 1:09:38
  gave it to you, told you to plug it in.
• 1:09:40
  You have no idea how it works or what it's doing and you just
• 1:09:42
  poof, it's magic. It gives you Internet and that's
• 1:09:45
  not only dangerous, but it's also not cool at all.
• 1:09:48
  And when the router that we are developing, people are going to
• 1:09:51
  want to tinker with it like it's a cool device.
• 1:09:53
  You can do a lot of really neat things with it.
• 1:09:57
  And so at this point, our progress towards the router
• 1:10:00
  product is that it is fully scoped out and designed.
• 1:10:03
  We have click through mock ups of the user interface that we
• 1:10:06
  have designed and we have a very good idea of exactly what we
• 1:10:11
  need to build on the back end to complete the project.
• 1:10:17
  That said, not a single line of code has been written yet, so I
• 1:10:21
  don't want to mislead people into thinking that the router is
• 1:10:24
  imminent. It is not.
• 1:10:25
  It is the beginning of the process, but we know exactly
• 1:10:29
  where we're going and we know exactly how to get there.
• 1:10:32
  So we're very confident that we can bring this to market.
• 1:10:35
  We just need some time. So anyway, more details coming
• 1:10:39
  soon. I am planning to do a more
• 1:10:43
  formal kind of announcement of the router.
• 1:10:45
  A very public announcement that will showcase through a video
• 1:10:49
  exactly what it does, will actually show the UI and
• 1:10:53
  basically a full blown click through demonstration of the
• 1:10:56
  router that we're going to develop in order to take
• 1:11:00
  pre-orders which will help fund its development.
• 1:11:02
  Start 9 is not some giant corporation with endless
• 1:11:05
  resources, so we are hoping that people will buy into the vision
• 1:11:09
  of the router and what it then affords in terms of IoT and
• 1:11:13
  contribute to the project and help us push it across the
• 1:11:15
  finish line. We will do it no matter what.
• 1:11:17
  Even if not a dime comes in, we'll figure out a way.
• 1:11:20
  But we're hoping that people will see the promise and and
• 1:11:22
  help contribute so. That's epic Matt, absolutely
• 1:11:26
  amazing. Can't wait to see the router
• 1:11:28
  because I am a huge fan of my start 9 as well.
• 1:11:31
  So on that note, let's plug the nodes real quick for the
• 1:11:35
  audience out there. If you love what Matt is saying,
• 1:11:38
  then you got to get yourself a start nine guys and you can use
• 1:11:41
  the promo code simply Bitcoin all cap to get 9% off.
• 1:11:44
  So let's go to the website here. Just a quick rundown, Matt, on
• 1:11:49
  the differences between the server one and the server peer
• 1:11:52
  and then we'll wrap up today's show.
• 1:11:55
  Yeah, so the server one as an AMD device pretty, you know,
• 1:12:00
  pretty boring actually. It's it's got a lot of power,
• 1:12:03
  but there's nothing particularly special about it.
• 1:12:05
  It is a powerful AMD Ryzen 5820 processor, so super powerful.
• 1:12:13
  It comes pre installed with start OS and we'll get you off
• 1:12:17
  and running for a pretty reasonable price right?
• 1:12:20
  So it comes with either 16 gigs or 32 gigs of RAM, A2 TB Nvme or
• 1:12:25
  a four terabyte Nvme with prices starting at 599.
• 1:12:28
  So it's a solid mini PC barely marked up to be honest from what
• 1:12:32
  you know you could buy anywhere else.
• 1:12:35
  It does help fund our development and comes
• 1:12:37
  preinstalled with Start OS and also we warranty it and we
• 1:12:40
  provide excellent customer support for it indefinitely.
• 1:12:44
  Now the server peer is special in that it is a rooted device,
• 1:12:49
  so the server peer is an Intel based device, but it runs core
• 1:12:54
  boot firmware which means there are no closed source blobs
• 1:12:59
  included in the firmware. It's all open source all the way
• 1:13:01
  down through firmware and we are able to disable Intel's known
• 1:13:09
  backdoor called IME Intel Management Engine, which comes
• 1:13:14
  stock on all Intel chips and is a known security backdoor for
• 1:13:19
  Intel. So we were able to provably
• 1:13:21
  disable Intel's Management Engine in firmware.
• 1:13:24
  So the reason this device carries a premium is not because
• 1:13:27
  it is more powerful. In fact, it is just about the
• 1:13:29
  same amount of power as the AMD Ryzen is going to deliver, but
• 1:13:34
  it a lot of work went into making this device run core boot
• 1:13:38
  and to disable Intel's management engine.
• 1:13:40
  So if you are paranoid or highly security oriented, the Server
• 1:13:45
  Pure is probably the device for you.
• 1:13:47
  It's not to say that the server one is insecure, it's just to
• 1:13:51
  say that there is some closed source software firmware on that
• 1:13:56
  device and we, like everyone else in the world, has no idea
• 1:14:00
  what it's doing. Love it, Matt.
• 1:14:02
  Actually, we have a great comment in here by Roman, and I
• 1:14:04
  know this is something close to your heart as well.
• 1:14:07
  Roman goes, you can also run the Start 9 OS on a computer you
• 1:14:10
  already have and want to repurpose me and you've had this
• 1:14:13
  conversation off air or you're like, I don't even care if you
• 1:14:16
  buy my notes. I just want people running the
• 1:14:18
  Start 9 OS. So let's do that last plug and
• 1:14:21
  then we'll wrap up today. Yeah, he's right.
• 1:14:24
  Start OS is an open source Linux distro licensed under MIT.
• 1:14:29
  It's as free as software can be. Start 9 in no way, shape or form
• 1:14:35
  has any claim whatsoever to the thing that we spend all day
• 1:14:39
  everyday building. 0 Everyone listening to this call owns it
• 1:14:43
  equally to us, so we don't own the thing that we build.
• 1:14:47
  We offer it for free. Anyone in the world can download
• 1:14:52
  and flash start OS to their own computer.
• 1:14:55
  In fact, many, many people do this.
• 1:14:57
  Many more people. Do this than.
• 1:14:58
  Who buy from us, like the majority of people using Start
• 1:15:02
  OS in the world, did not buy something from Start nine.
• 1:15:04
  They simply flash Start OS to their laptop, their mini PC,
• 1:15:08
  their desktop. You can convert old Macbooks and
• 1:15:12
  Mac minis and old Windows laptops into start 9 servers by
• 1:15:17
  flashing them with Start OS. And they work just as well as
• 1:15:20
  anything that we would sell. Assuming that your hardware is
• 1:15:22
  solid, right? Like if it's an ancient device
• 1:15:25
  running an HDD that's breaking down and has 2 gigabytes of RAM,
• 1:15:28
  you're going to have a bad time. So you might want to install it
• 1:15:31
  on a computer that is, you know, reasonably resourced.
• 1:15:36
  But have at it. And please tell people on social
• 1:15:40
  media that you're doing it because, you know, it's nice to
• 1:15:43
  spread the awareness. Love it, Matt.
• 1:15:45
  Well, I think you, I think you just blew some people's minds in
• 1:15:49
  the chat that weren't familiar with anything that you were
• 1:15:52
  talking about until today. So super glad you came on.
• 1:15:55
  On that note, Matt, where can people find you?
• 1:15:58
  Let's let's plug your socials, start 9 website and all that
• 1:16:01
  stuff so people can find not only Start 9 but you and your
• 1:16:05
  social media outputs. Supereasystart9.com If you go to
• 1:16:09
  start9.com/contact, pretty much all of our social links and and
• 1:16:14
  community channels are listed in there.
• 1:16:16
  We are at Start 9 Labs on Twitter.
• 1:16:19
  I am at Matt Hill on Twitter. Under score Matt Hill Under
• 1:16:24
  score on. Twitter.
• 1:16:27
  And I'm very easy to find. The team is extremely present
• 1:16:30
  and helpful across all of our channels.
• 1:16:33
  So drop into, you know, our Telegram channel, our matrix
• 1:16:36
  channel and we'll be happy. You know, we're, we're there to
• 1:16:40
  help in any way that we can. That said, we are ditching
• 1:16:43
  Telegram in the next. One to two weeks we will not be
• 1:16:46
  on Telegram anymore. Instead we will be hosting our
• 1:16:50
  own community server in the community chat server, which we
• 1:16:53
  already do. But we're going to we're going
• 1:16:56
  to enforce it basically, you know, that's the only thing
• 1:17:00
  we're going to be actively manning Telegram these.
• 1:17:03
  The scammer situation on Telegram has gotten out of
• 1:17:06
  control and so it's no longer a safe place for our community to
• 1:17:11
  engage, so we are moving to our own private digital property.
• 1:17:15
  And we'll engage. There and have means of giving
• 1:17:19
  the scammers what they deserve there, no problem.
• 1:17:21
  Amazing. Maybe.
• 1:17:23
  Maybe we'll have to do that at Simply Bitcoin as well.
• 1:17:26
  I'll show you how, yeah. I'll make it very easy for you.
• 1:17:30
  How? About that, yeah.
• 1:17:31
  Yeah. So we don't have any excuses.
• 1:17:33
  All right, well, Matt, thank you so much for coming on.
• 1:17:36
  We love when you come on. You blow our our minds every
• 1:17:40
  time you come on because we're basically like computer Luddites
• 1:17:43
  in regards to your expertise. We're just like, yo make it
• 1:17:47
  work. And, you know, I plug in my
• 1:17:49
  Start 9 and it works and I'm like, OK, I can connect my
• 1:17:52
  wallets and run my notes and that's what I need it for.
• 1:17:55
  So, you know, for everyone out there that's like, I'm not a
• 1:17:57
  computer guy. Like this seems too hard for me
• 1:18:00
  guys. If I can do it, you can do it.
• 1:18:02
  And this is the, this is the beauty of the Start 9 product.
• 1:18:07
  All right, Chris, plug your socials as well.
• 1:18:12
  Everyone's favorite Bitcoiner over here, Chris Salamo coming
• 1:18:14
  off the bench, Co hosting with me.
• 1:18:16
  Appreciate you bro. Yeah, no problem.
• 1:18:18
  You can find me on Twitter at Chris Salamo 6.
• 1:18:20
  You can also find me at Noster at Chris Salamo at B dot TC for
• 1:18:25
  my Nip 5 identifier. I'm pretty active on both of
• 1:18:28
  those and always love coming on the show.
• 1:18:30
  Opti stay humble. Sack sacks.
• 1:18:32
  Let's go, let's go. Yeah, Chris, I was going to
• 1:18:34
  joke. Drop drop your M pub, you know,
• 1:18:37
  read out your M pub right now it.
• 1:18:39
  Might take a minute here. No, no, no, we're joking.
• 1:18:42
  All right, guys. Let me pull you behind the
• 1:18:43
  scenes and I'll wrap up today's show.
• 1:18:45
  All right, boys and girls, mainly boys and some girls.
• 1:18:49
  We have come to the end of today's show.
• 1:18:51
  It's Tuesday, October 8th episode 1092.
• 1:18:55
  I believe 1092. Yep, 1092 Wow so many episodes.
• 1:19:00
  Anyways, like subscribe comment. Give us a.
• 1:19:03
  Feedback in the chat and we'll be back tomorrow.
• 1:19:06
  We go live Monday through Friday, 12:15 PM Eastern Time.
• 1:19:09
  We do make you guys wait a little bit.
• 1:19:11
  You guys know the deal. So it may be popping 12:20-ish.
• 1:19:14
  That's when the show usually starts, but we love you guys.
• 1:19:17
  We'll be back tomorrow. Nikko will be back tomorrow.
• 1:19:19
  He's currently literally just landed in Amsterdam for Bitcoin
• 1:19:22
  Amsterdam. So we'll be back for the rest of
• 1:19:25
  the week with the normal show as usual.
• 1:19:27
  And that note guys, see you on the flip side.
• 1:19:30
  Get outside, touch some grass, eat some good food.
• 1:19:32
  This is the way. Peace out to boy Opti.
• 1:19:38
  You buy bitcoinwell.com, a Bitcoin only platform, on a
• 1:19:41
  mission to enable financial independence.