Latest / Simply Bitcoin / How Much Bitcoin Do You Need to Retire Early? | EP 1010
Transcript
- 0:02It's all. Going to zero against Bitcoin.
- 0:06It's going on forever. You're against Bitcoin.
- 0:16You're against freedom. Yeah, we're going to simply
- 0:23Bitcoin live your number one source for the peaceful Bitcoin
- 0:25revolution Kirby news culture matic warfare.
- 0:28We will be your guide through the separation of money and
- 0:30state. Ladies and gentlemen, you're
- 0:31tuned into simply Bitcoin live, the most watched daily Bitcoin
- 0:35only live show on YouTube Rumble an X sit back, relax, enjoy the
- 0:39ride. We have lots to talk about
- 0:40today, but we're going to start off like hot right off the
- 0:44beginning the Overton window last night once again, not only
- 0:47did it shift, it absolutely exploded in real time.
- 0:50I have footage of it. Pieces went everywhere.
- 0:57You have the you have potentially an upcoming
- 1:01president of the United States, Donald J Trump going on his
- 1:06Truth Social account 'cause he got kicked off Twitter and he
- 1:09said vote for Bitcoin. Bitcoin mining may be our last
- 1:13line of defense against a central bank digital currency.
- 1:17He goes on to say more, which we'll talk about during the
- 1:19numbers segment. But like, holy cow, like I
- 1:23didn't expect this was going to happen so soon.
- 1:26I didn't expect the ETF stuff. I thought, like, you know, the
- 1:28political warfare was going to continue, the law fair and
- 1:31they're just going to delay that forever.
- 1:33That got approved. And then within a couple of
- 1:36months, this became, you know, a mainstream electoral issue.
- 1:41Like Bitcoin is on the ballot in November.
- 1:43And in case anyone doesn't like, you know, the orange man, of
- 1:46course you have RFK Junior. And then on the other side,
- 1:49which is the reason that we're talking about this, you have the
- 1:51Biden administration that has very openly taken an anti
- 1:55Bitcoin and pro CBDC stance. So like, I don't think Trump or
- 2:02RFK, like I don't think they would have even mentioned
- 2:05Bitcoin. I think that they were forced to
- 2:08do it because they realized that holy cow, you know, this is a
- 2:10big demographic, like this is a big voter base.
- 2:14And if I could appeal to them and say, listen, I'll protect
- 2:17Bitcoin if you get me into office, I might win over their
- 2:19votes, right? And I don't think it's it's a
- 2:23situation of like, because I've saw this so many times on
- 2:26Twitter where it's a situation where Bitcoin needs Trump.
- 2:31It's more so that Trump and RFK need Bitcoin in order to get
- 2:36elected. Like that is crazy.
- 2:38So, but if you understand the game theory also should not come
- 2:42to a surprise to you whatsoever because Bitcoin's incentives are
- 2:46superior. Now to today's topic of the
- 2:48video, which we're going to cover on today's news is the
- 2:51question that you guys absolutely love when we do these
- 2:54types of shows. So we're going to continue to
- 2:56give you guys what you want, which is how much Bitcoin do you
- 3:00need to retire it's updated version.
- 3:02So have spent like an hour and a half preparing for today's news
- 3:07segment. So hopefully you guys find some
- 3:09value in in it, but we're going to ask, we're going to answer
- 3:11the question, how much Bitcoin do you need to retire?
- 3:15Now, there's two different ways to approach it, which I find
- 3:18fascinating. There's like the Fiat way of
- 3:20approaching it and then there's the Bitcoin way.
- 3:23And if you approach it from the Fiat perspective, you realize
- 3:26how hard it is to like conceivably retire.
- 3:29Like it's absurdly hard. But if you're living on a
- 3:32Bitcoin standard, I think the vast majority of people are
- 3:36going to be able to retire and live a good life later on when
- 3:39they get older, which is, you know, this is This is why we say
- 3:42Bitcoin is hope. This is why we say Bitcoin is
- 3:44optimism. This is why we say Bitcoin gives
- 3:47you the ability to plan for a better future where Fiat steals
- 3:51that ability from you. It like it incentivizes short
- 3:54term thinking and short term behavior, which could be
- 3:57detrimental to you and to your health and to your spirit,
- 4:00right? So this is what Bitcoin does.
- 4:01It fixes things anyways. I don't want to delay the show
- 4:04anymore. I do want to bring up my
- 4:05legendary. He's always optimistic.
- 4:07No smile today. Optimistic.
- 4:10Sorry, you caught me. You caught me looking at the
- 4:11chat. Shirt and everything I'm.
- 4:13Kind of vibe in I'm feeling I'm feeling like a Hawaiian shirt.
- 4:16It's a Hawaiian shirt type of day, but the chats the chat's
- 4:19extremely bullish in the chat. They're saying .1 BTC is enough
- 4:24so a million sats someone said 3,000,000 sats is enough.
- 4:28I I think the numbers are a little higher than that one
- 4:30guys, but hey, man, life's great.
- 4:32I man, what, what more can I say, Nico?
- 4:35We, we lived the life, everything.
- 4:36'S wonderful, life is great. I got some sleep in Everything
- 4:41is good man Yeah, your mic's great Nico.
- 4:43Your mic is great. OK, we're good man.
- 4:46Let's let's bring in our guest cause our guest is is probably
- 4:51upping the ante on optimism every time he comes on the show.
- 4:54So let's bring in Brian to man. I wish I had like, like, like
- 4:58MMA music, like fighter music to like, you know, kind of pump him
- 5:02up a little bit. But of course, we have Brian De
- 5:05Mint in the house. Brian de Mint is the head of
- 5:09marketing for our friends over at the Orange Palap and he is a
- 5:13black belt in Brazilian Jiu Jitsu, which is really
- 5:16impressive. And seven feet tall and. 7 feet
- 5:19tall and he's an author as well of the Amazon bestseller
- 5:24parallel. So man, Brian de Mint, thank you
- 5:26so much for joining us back on Simply Bitcoin Live.
- 5:29How you doing? I'm doing good man.
- 5:31I excuse me my voice is a little raspy today.
- 5:35I didn't know that the Overton window was a double wide
- 5:38trailer. That was that was awesome that
- 5:40boom just double wide went kaboom.
- 5:43That got me pumped though yes the I I saw you tweeted that out
- 5:46last night about the Overton window shifted.
- 5:48I'm like this things are are crazy.
- 5:50I think most Bitcoiners, for whatever reason, like we just,
- 5:54we, we're, we're used to chaos and we're used to things
- 5:57changing around us. And so we don't tend to get as
- 5:59excited, right? We, we've trained ourselves to
- 6:01not get too emotional about the volatility of the market or
- 6:05about the volatility of the news.
- 6:06But holy cow, like this is such an exciting time to be a
- 6:10Bitcoiner. This like things are changing.
- 6:12Things are like changing all around us.
- 6:14The world, the Overton Window, the way things work, the
- 6:17paradigms, whatever you want to call it, they're shifting right
- 6:19now. Holy freaking cow, what a time
- 6:22to be a Bitcoiner. 100%, man. And, and they're shifting fast,
- 6:26right? Like it's like it, it reminds me
- 6:28of the meme, right? You know, the with the there's
- 6:31like the dam and then there's like creaks in the dam and then
- 6:33all of a sudden it's like suddenly, but surely I forget
- 6:36what the actual saying is. But yeah, everything's just
- 6:39happening so like all at once. And it's happening very, very
- 6:43quick. I know a lot of people are bored
- 6:44right now, including myself, even though we're at all time
- 6:47highs, but everyone's like kind of scratching themselves like
- 6:50drug addicts, like when when up again, when moon, when green
- 6:53candle, When's it going to come back?
- 6:54So yeah, but I think we're on the verge of that and really
- 6:57exciting stuff for Bitcoin, for this movement.
- 7:01And I think the rest of the year in 2025 is going to absolutely
- 7:06blow everyone's minds away. And again, I, I've said this
- 7:08before on Noster or on Twitter, I forget where I said it, but I
- 7:11was basically like, I don't think it's a coincidence that
- 7:13the election year is the year of the halving.
- 7:17Like, I don't think that's a coincidence.
- 7:19I think that's the genius of Satoshi.
- 7:20I know it's quite controversial that statement, but I don't, I
- 7:23don't think it's a coincidence. Anyways, everybody, I do want to
- 7:26give a shout out to our lead sponsor and Opti Adam wanted us
- 7:31to do something special today. So let's change it up anyways.
- 7:36So what is Bitcoin? Well, everybody, Bitcoin Well is
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- 8:01That means that you can't buy Bitcoin on Bitcoin.
- 8:03Well, unless you're going to take self custody, which
- 8:07perfectly aligns with the Simply Bitcoin ethos of the separation
- 8:11of money and state, because after all, self custody is the
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- 8:23Optic. Can you pull it up on your end
- 8:25please? Yeah, I got you.
- 8:29One SEC. One SEC.
- 8:30Thank you, Sir. Oh, I think I got it now.
- 8:39There we go. We do this live, we do this
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- 8:45we're doing it live. Here we go.
- 8:47All right, everybody. So every time you buy Bitcoin on
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- 8:53So every time you buy Bitcoin, you earn points and you could
- 8:55throw those points towards the Bitcoin wishing well.
- 8:58So toss a coin, win some sats. I'm gonna contribute 500 points.
- 9:03You're being transported back to 1996 when the Temagashis are the
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- 9:10wishing well and wish for a better future.
- 9:12Here we go. You can win up to 1,000,000
- 9:14sats. I'm going to leave this QR code
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- 9:20But just to give you a warning though, if it's a million sats,
- 9:24apparently you're gonna be competing with Opti is. 210,000
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- 9:29We're gonna flick another coin in the Bitcoin wishing well.
- 9:31It says you're being transported back to 1997 when Men in Black
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- 9:39Bitcoin wishing well. Boom, another 500 sats for you
- 9:44guys on screen. And one more time, you're being
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- 9:55And there you can scan the QR code on your screen.
- 9:59Claimer rewards guys support self custody by default, Bitcoin
- 10:03on ramps. And of course, the one that we
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- 10:09the QR code on your screen. All right, let's hit the
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- 11:23At the time of recording the Bitcoin price is 69,390 stats
- 11:28per dollar 1441 block height 847,645 blocks to having 200 and
- 11:352355 having estimate March 25th 2028 Total lighting network
- 11:41capacity 4801 Bitcoin capacity value 333 million U.S. dollars
- 11:48Realize monetary inflation 1.6% market capitalization 1.37
- 11:53trillion Bitcoin verse gold market cap 8.57%.
- 11:58In the grand scheme of things we are just getting started.
- 12:01Anyways, this was the big kahuna of the news.
- 12:04And of course, you have a potential president and he met
- 12:08with three of the five largest miners in the world.
- 12:12And apparently they met at Donald Trump's club, Mar a Lago
- 12:15in West Palm Beach. So let's check it out.
- 12:17This is crazy. I mean, I, I didn't think that
- 12:19this was going to happen so quickly.
- 12:22And, you know, those are the CEOs or, you know, executives of
- 12:26those publicly traded Bitcoin miners.
- 12:28And after the event late last night, almost at midnight, he
- 12:33went on. He went on Truth Social and
- 12:34said, vote for Trump. Bitcoin mining may be our last
- 12:37line of defense against a central bank digital currency.
- 12:41Biden's hatred of Bitcoin only helps China, Russia and the
- 12:44radical communist left. We want all the remaining
- 12:47Bitcoin to be made in the USA and it'll help us be energy
- 12:51dominant. I mean, look, if he gets
- 12:54elected, now you have a politician, now you have the
- 12:57president of the United States, president, the leader of you can
- 13:00make a very strong case with the world's strongest country, most
- 13:03powerful country now competing to get more hash rate in the
- 13:08country. Like that is absolutely nuts.
- 13:11And I would telling you like when, when countries compete to
- 13:15try to entice you to, you know, mine in their country, 'cause
- 13:18it's a favorable jurisdiction, potential tax benefits, maybe,
- 13:23you know, you win. I think the Bitcoin network
- 13:25benefits from that. I think this is the game theory
- 13:27playing out in real time. Right up in your face.
- 13:31Here is Pierre Richard. He's VP of research at Riot, and
- 13:34he says Trump's campaign promises on Bitcoin policy are
- 13:37very easy for him to keep. He's promising to not do
- 13:41anything, to not attack. This is in stark contrast to
- 13:44Biden, who is attacked at every opportunity.
- 13:47And that's really important because this wasn't something
- 13:51that us bitcoiners chose like we didn't.
- 13:54We like, I remember like the approach that we've taken at
- 13:58simply until they really locked that they they locked the
- 14:02samurai got they put those, they put those guys in a box, they
- 14:06locked them in jail and I lost it.
- 14:08I remember having that conversation with opt out.
- 14:10He's like, dude, are we going to have to move?
- 14:12Like this self custody thing is crazy.
- 14:15And I remember going on the air the next day and I and I made
- 14:17the case for you guys. I'm like lies.
- 14:19Like this isn't a left versus right thing, Like this isn't a
- 14:22Democrat versus Republic thing, Republican thing.
- 14:25But the reality is that like you have one party at the moment
- 14:29that's taken a very anti Bitcoin and pro CBDCC stance that has
- 14:36led to consequences. Like a lot of Lightning wallets
- 14:39and Lightning companies are just pulling out of the United States
- 14:41altogether, right? So you have that on one side and
- 14:46on the other side you have both RFK and Donald Trump that have
- 14:50taken a pro Bitcoin, anti CBDC stance.
- 14:54I mean that says a lot in my opinion.
- 14:56Anyways, here is the CEO of Bitcoin Magazine, David Bailey,
- 15:00and he says what's happening right now with Bitcoin and Trump
- 15:03isn't just the transformation of America's Bitcoin regulatory
- 15:06regime. It's the end state of the
- 15:08current world order and the beginning of a new one.
- 15:11What's happening right now will be remembered for hundreds of
- 15:14years. A turning point.
- 15:17Here is David Bailey once again. People, I am telling you this is
- 15:20a unique moment in time. Swamp, swamp the vote turn out
- 15:25by the millions. Elect Donald Trump and we will
- 15:28change the course of history. I mean, this is crazy.
- 15:32And I know, Octi, you feel the same way, brother.
- 15:35I know you do, dude. Like you've been here in the
- 15:36trenches with me. Here's Ross Albrecht and again,
- 15:39referencing it's not only about Bitcoin.
- 15:41Donald Trump at the Libertarian conference said that if he were
- 15:44to get elected president, he pledged to commute the sentence
- 15:48of Ross Albrecht on day one. Obviously, this is someone that
- 15:51I would say got his sentence was politically motivated, to say
- 15:56the least. I think the reason that he
- 15:58resonates with so many Bitcoiners is I think that
- 16:00Bitcoiners see him as a martyr for our movement.
- 16:03And, you know, it's like when we know we're we've won is when
- 16:07Ross is out of prison. Like that's when we know we've
- 16:10accumulated enough influence, enough power in society.
- 16:13What I didn't expect was going to happen.
- 16:16Is it happening so quickly? I was anticipating 2028, but of
- 16:20course, nobody knows what Bitcoin's going to do.
- 16:22Bitcoin time is a lot faster than slower.
- 16:24You can make the argument for. And yeah, I mean, this is crazy,
- 16:28but I think it's a testament. I'm going to say it again.
- 16:30I think it's a testament to the power of Bitcoin, the power of
- 16:33this movement. And it tells me that we're
- 16:35winning, bro, look, the fact that politicians have to come to
- 16:38us and beg, you'd be like, could you please vote for me?
- 16:41Like it tells me that we're winning.
- 16:42It tells me that we're winning big.
- 16:43Anyways, Opti, how do you feel about this?
- 16:46Bro? This, this is crazy, dude.
- 16:47I mean, this is nuts. He's saying all the right
- 16:50things. Shout out also to the Bitcoin
- 16:51magazine crew, our friends over there, cuz they've done an
- 16:54incredible job coaching the orange man.
- 16:57And you know, anyways, Opti, what's your take on this?
- 17:01Yeah. So I mean, we've been covering
- 17:03this for a few weeks and I and I literally was on the phone with
- 17:06another Bitcoiner that also works in the industry.
- 17:08And we were kind of, you know, parsing out what's going on.
- 17:11And we were very black pilled on the show after the samurai
- 17:16wallet developers got arrested. And I think we all felt like, oh
- 17:21man, this fight is coming to our doorstep.
- 17:24And now we really got to think about what we're go, what our
- 17:30next moves are going to be. And then what, following a
- 17:32couple weeks after Trump officially came out as like pro
- 17:36Bitcoin, the narrative has shifted 100%.
- 17:39So now I am kind of feeling a little white pilled in regards
- 17:42to what's going on in Bitcoin in America.
- 17:44Though with all that being said, I do still have my head on a
- 17:47swivel because you guys already know me.
- 17:48I, I don't really trust politicians first and foremost,
- 17:51but it is good to hear this type of rhetoric.
- 17:54And of course, like I love hearing the nod to the Bitcoin
- 17:57industry from Donald Trump. I love the fact that that
- 18:00Bitcoin mag is is on the forefront and and trying to
- 18:03educate Trump with that true social post.
- 18:07Though there is a few things that I would like to say, first
- 18:12and foremost, as much as I like the idea of like bringing, you
- 18:16know, Bitcoin mining and what do you say?
- 18:18Like I want to make sure that all the last Bitcoin is made in
- 18:21America. Though it sounds good, it's a
- 18:22good talking point, I think there's still like a fundamental
- 18:25misunderstanding on Trump on how Bitcoin mining works because
- 18:28personally I wanted mining decentralized across the globe
- 18:32because then there's no jurisdiction that can actually
- 18:35attack and stop Bitcoin. I think that would hurt
- 18:37Bitcoin's decentralization, but still having that nod to
- 18:42Bitcoin, obviously it feels feels good.
- 18:44And and I don't want to completely just like jump on the
- 18:48bandwagon here and be like, OK, you know, orange man good
- 18:51because he loves orange coin. But it's good at least having
- 18:55these conversations. It's good that this conversation
- 18:58is happening. And for better or worse, if
- 19:00Trump's the guy that spearheads this conversation now everyone
- 19:03is going to have to have a pro or a pro Bitcoin or anti Bitcoin
- 19:07stance in the 2024 election. I think this is a good thing.
- 19:10And we've been talking about this for a while.
- 19:12We thought it would be probably 2020 eight that this was like
- 19:15the defining conversation. Now the timeline has moved up.
- 19:18So I think this is all good for Bitcoin obviously.
- 19:22And then on the CBDC front, of course, we always say it's
- 19:25Bitcoin and slavery. It's Bitcoin versus CBDC, though
- 19:29I'm I'm starting to lean into the idea that we probably won't
- 19:33ever have a federal CBDC roll out in the US because we already
- 19:37basically have a CBDC and they're called stable coins.
- 19:39And so we have anti CBDC legislation already basically
- 19:43being talked talk about yes, of course.
- 19:45I love the fact that Donald Trump is kind of leaning into
- 19:48the rhetoric and being like, yeah, I won't allow CBC on my
- 19:51watch. You know, I'm going to stop
- 19:52Elizabeth Warrens goons and all that stuff.
- 19:55With that being said, I am still a bit cautious in regards to.
- 20:01The power that stable coins are going to have and it's basically
- 20:04going to, you know, thrust dollarization into places that
- 20:09the dollar could never have reached because of everyone
- 20:11embracing stable coins. And so as much as I like this
- 20:14conversation, it still makes me a little weary because I'm, I'm
- 20:17seeing a lot of politicians out there basically saying, you
- 20:20know, stable coins and Bitcoin are good, but CBD CS are bad.
- 20:24And I'm like, a stable coin is basically already ACBDC.
- 20:27So like, as far as I'm concerned, I'm still keeping my
- 20:31head on the swivel. Of course, as we've been saying,
- 20:34this does, in my opinion, also really explode the Overton
- 20:37window. And now it's going into
- 20:39OverDrive right now. And as a Bitcoiner, of course, I
- 20:43love to see this. And then as someone that's the
- 20:46reigning tinfoil hat wearer on simply Bitcoin, I'm like, all
- 20:49right, Like where? Where's the attack vector?
- 20:52Where is it coming from? We can't trust politicians, but
- 20:55I think it's, I think this is a good development.
- 20:58And I know everyone in the chat's like, oh, you know,
- 21:00voting's fake and politicians, we don't need them.
- 21:04And while I do agree where we are in the story right now,
- 21:07politics still has a huge hold on society.
- 21:10And I think it's, it's pretty clear if you're a Bitcoiner,
- 21:14like, look, I'm a, you know, I'm a California Mexican.
- 21:17I'm basically a default Democrat as far as I was concerned.
- 21:20And now I'm like, yo, the choice is very simple.
- 21:24We have one side, the Democrats actively fighting Bitcoin, the
- 21:27Bitcoin industry, and every one of us is in the individuals.
- 21:31And then the opposite side basically being, look, all
- 21:34right, I don't want to stop the Bitcoin industry.
- 21:37I want to embrace it. There's a lot of money here.
- 21:39Obviously that's where they're coming from.
- 21:42And if you scare away Bitcoiners, you're scaring away
- 21:45the future of, of not only finance, but technology.
- 21:48And I really love that you brought up the Piero Chard tweet
- 21:50because I, I totally agree. It's like one side, the
- 21:54Democrats have actively been fighting Bitcoin.
- 21:57And if Trump, all he has to do is basically not fight us and he
- 22:01actually upholds what he's saying on this, you know,
- 22:05political election run. But again, he's a politician.
- 22:09Politicians say a lot of things when they're trying to get
- 22:11elected. So if he does get elected, we
- 22:14got to, as bitcoiners, make sure that he actually upholds what
- 22:18he's saying. But again, he's a politician.
- 22:20He's going to say whatever he wants to say to get elected.
- 22:22So with all that being said, I think this is a good
- 22:24development. Absolutely, absolutely.
- 22:27Anyways, guys, if you guys are enjoying the show so far, make
- 22:29sure to smash that like button. Help us break 100 likes within
- 22:33the first hour of the show. Anyways, I'm going to pass on
- 22:36the mic to Brian, the men's Brian.
- 22:38I mean, this is a crazy timeline, dude.
- 22:40Like, like what the? If you would have told me this
- 22:45was happening two years ago, I would not have believed you
- 22:47whatsoever. No, no, it's this is incredibly
- 22:51risky for Trump, very, very risky.
- 22:54And what what do I mean by that? What I mean is that Trump is
- 22:58courting a high signal voter base.
- 23:01To me that that screams of, you know, whatever you think about
- 23:06Trump. I mean, I, I, again, we as
- 23:08Bitcoiners do not, we inherently do not trust politicians, but
- 23:12that is a, a very bold move by Trump to court a, a voter base
- 23:17who, if you don't, if you don't listen to that voter base, they
- 23:20will turn on you very quickly. Not only will they turn on you
- 23:23or, or stop supporting you, but they'll, they'll turn on you and
- 23:26become anti Trump. So if, if Trump courts us, if he
- 23:30courts us and brings us in and, and, and says that he's going to
- 23:33do all these things and then he gets in there and then doesn't
- 23:35free Ross. And then he, you know, signs
- 23:38CBDC legislation and then he, you know, puts regulators in
- 23:42place of, of, of Bitcoin mining and, and puts traps in place.
- 23:46Then guess who's coming after Trump?
- 23:48The the entire left is coming after Trump, which they've been
- 23:51doing. But now you have people who are
- 23:54on the right, who are libertarian, who are on the
- 23:55left. You have a, you have a coalition
- 23:57of people who aren't just a bunch of NPC voters.
- 24:02These are high signal, high, high influence voters.
- 24:06And they're not just people that are on Twitter.
- 24:09They're not just people that are on social media, but they're
- 24:11people that have economic votes, economic votes with money,
- 24:14people that have buying power. That is so much more powerful
- 24:18than just the NPC voters. Like, you know, Opti and I live
- 24:21here in California, that California is an NPC voter
- 24:25state, non playable character state where, where it's, it's
- 24:30not even if you look at at the electoral maps, there's some
- 24:33states that are flipping back and forth, like, you know,
- 24:35Wisconsin goes Democrats sometimes and then they go red.
- 24:37That shows that they at least have a light bulb on in their
- 24:40head. Like they, they're, they're,
- 24:41they're, they're like navigating through politics.
- 24:43But in California, we're just dark blue.
- 24:46You know, that's like California's just voting for one
- 24:48side. And it doesn't matter what the
- 24:50issues are. But when you court Bitcoiners,
- 24:52they're very perceptive to the issues.
- 24:55They're very perceptive to what's right and what's wrong
- 24:57and what's just, and what's fair.
- 24:59And like you guys said, it's just about staying out of the
- 25:01way. But as soon as you tread on
- 25:03Bitcoiners, Bitcoiners are going to bite, and they're going to
- 25:06bite hard. Actually, actually, there's
- 25:10something I did want to say, because yesterday I was kind of
- 25:12giving you Flack about that. It's a stretch to think that
- 25:16politicians would just get out of the way and let bitcoiners do
- 25:19what they want to do. And the very next, another, like
- 25:22six hours later, we have Trump. That's basically like, yeah, I'm
- 25:25just, you know, I'm going to let you guys do what you do.
- 25:27So, you know, I'll take the egg on that one.
- 25:28Nico, I guess maybe you were right.
- 25:30I mean let. Me say something real quick too.
- 25:33I don't know. Did any of you guys hear David
- 25:35Bailey? He went in on like he was like
- 25:3611:00 last night on West Coast time.
- 25:39Did you guys, you guys hear that?
- 25:40So he said he did a Twitter space last night or an X space.
- 25:44And one line that stuck out to me that he said was, guys, if I
- 25:50could share everything from the meeting, just if I could just
- 25:53share it, not saying that anything's implemented, but if I
- 25:55could just share what Trump was talking about yesterday, Bitcoin
- 25:58would be at 100K tomorrow. Now I don't know what that
- 26:01means, but the things that Trump is talking about aren't just
- 26:05like, oh, I'm going to be anti CBDC.
- 26:07It sounds like it's very, very pro Bitcoin.
- 26:10Now that that can be kind of scary, right?
- 26:12Because we don't, we don't want a bunch of positive regulation
- 26:16around Bitcoin because those can be snares and traps.
- 26:18But I think David Bailey's smart enough to understand that, that
- 26:21a hands off approach is probably the best approach forward.
- 26:24So that was a quote from David Bailey.
- 26:26He didn't say what it was, but he said Bitcoin would be 100K
- 26:28tomorrow if I could publicize what our meeting was about.
- 26:32I believe it. And, and by the way, they've
- 26:33done, they've done such an incredible.
- 26:35Thing to say the same thing, you know at this point shouts out to
- 26:37the Bitcoin mag. I know you guys give them a lot
- 26:39of shit, but like, they do a lot of stuff on the back end that
- 26:42you guys don't see on Twitter. And I, I got to give a big shout
- 26:46out to the whole Bitcoin mag team because I, I think they're
- 26:49actually moving the needle forward.
- 26:50As much Flack as you can give them for the ordinal stuff.
- 26:53We know, but we still love them. They're still doing work that
- 26:56you guys don't see publicly. Absolutely man, definitely doing
- 26:59Satoshi's work. Anyway, shout out to the 1200 of
- 27:03you guys watching between YouTube and X.
- 27:06Also shout out to you the 60 of you guys watching on Rumble.
- 27:09If you guys are enjoying the show so far, make sure to smash
- 27:12that like button before we transition to the news segment.
- 27:16I do want to give a very special show to our sponsor.
- 27:19And of course I'm talking about the Pleb party in Optic Kitty.
- 27:24Pull it up please. The Pleb party in Nashville,
- 27:28It's going to be hosted the day before the largest Bitcoin
- 27:32conference ever, Bitcoin 2024. It's a 12 hour open bar party
- 27:37from noon to midnight hosted in Nashville, TN at an amazing
- 27:42rustic automobile factory from 1910.
- 27:45With brick walls and tons of proof of work atmosphere.
- 27:49It's going to be an amazing venue.
- 27:50Confirmed attendees so far include Larry Leopard, Preston
- 27:54Pish, the entire simply Bitcoin crew, James Lavish, Robert
- 27:58Breedlove, Mark Moss, pubby Tatum, Turn up, Adam O'Brien,
- 28:02and many, many more. The last party in Miami sold out
- 28:05eight days before the party, so you want to get your tickets
- 28:08quickly just in case they sell out and also you could take
- 28:11advantage of the lower prices. I think there's only like 20 or
- 28:15so tickets left at the $200.00 price point.
- 28:17Over 1000 bitcoiners are expected to attend.
- 28:20It's going to be absolutely awesome.
- 28:22Scan the QR code on your screen or check the link in the video
- 28:26description to find out more information, and we'll see you
- 28:29at the Pleb Party in Nashville, TN on July 25th.
- 28:33All right everybody, let's move on to the news.
- 28:35Lots to talk about. The Daily News.
- 28:42I want to give a shout out to our sponsor Foundation Devices.
- 28:46It's self custody done right. They built a premium grade
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- 29:37All right, everybody, you can once again scan the QR code on
- 29:43your screen. It'll take you directly to the
- 29:46Foundation Devices website where you guys can get yourself a
- 29:49passport hardware wallet. Imagine that conversation you're
- 29:52going to have with your grandchildren, and they're going
- 29:54to find out that you have some Bitcoin.
- 29:56They're going to find out that you have a million stats, right?
- 29:59Imagine being put in a situation where you have to explain to
- 30:03your little grandchildren why you lost their generation of
- 30:06wealth. It would be a terrible
- 30:08situation, right? And you can just hear Opti and I
- 30:10laughing in the background saying we told you so.
- 30:12No, we're nice, Mika, We're nice.
- 30:14You're the mean one here. Okay, okay, so we're not gonna
- 30:17do that, but you definitely don't wanna put yourself in that
- 30:19situation, which is why you wanna get yourself hardware
- 30:22wallet. And of course, we recommend our
- 30:23sponsor Passport by Foundation Devices.
- 30:26You can scan the QR code or check the link in the video
- 30:28description to find out more information so I do want to
- 30:32give. I want to start off with the
- 30:34meme because memes are very powerful and a little hat tip to
- 30:37opti. So this is the Citadel meme and
- 30:40it kind of breaks down all the Bitcoin levels, but a lot of
- 30:43this doesn't make sense like the make it the break it the suicide
- 30:47stack, you know, generation this thing's.
- 30:49Also like 10 years old though Nico so.
- 30:51It's also 10 years old, but but you're just like, wow, like, you
- 30:53know, especially these days, right?
- 30:55You know, 10 Bitcoin is out of the hands of a lot of people,
- 30:57right? So I did a lot of research this
- 31:01morning and I'm going to start off with this image.
- 31:05So first here's the global wealth distribution pyramid,
- 31:09right? And it breaks it down how many
- 31:12people fit into each kind of into each part of the pyramid,
- 31:17right? So at the very top, you have
- 31:19only 60 million people worldwide that are rough, worth roughly
- 31:24$1,000,000 or more. Now, what's incredibly bullish
- 31:28about that statistic is if you if you divide 21 million Bitcoin
- 31:33by 59 million millionaires, you only get .35 Bitcoin per
- 31:39billionaire if they're evenly divided.
- 31:42So what's the action item here? Get to .35 million, 35.35 BTC
- 31:49because you'll be like on a world scale as rare as someone
- 31:54you know that has $1,000,000 today.
- 31:56You can also make an argument that with inflation and all
- 31:58that, $1,000,000 is not what it used to be.
- 32:01Also let's address the question on today's topic, which is how
- 32:06much Bitcoin do you need to retire?
- 32:08So I'm gonna take a different approach that I did last time.
- 32:10I always want to change this up for you guys cuz I know that you
- 32:12guys love this topic. So what I did is I asked
- 32:16Google's AI said how much money do you need to retire?
- 32:19And this is the rule that it came back.
- 32:20It came up with the 25 X rule. It's a it's a retirement
- 32:25planning guideline that suggests saving 25 times your annual
- 32:29expenses before you retire. The rule is based on the idea
- 32:32that a well invested retirement portfolio can consistently
- 32:36provide 4% of its value each year to cover living expenses,
- 32:41which is known as the 4% rule. To calculate your #25X your 25 X
- 32:47number, you can multiply your monthly expenses by 12.
- 32:51To get your annual expenses, multiply your annual expenses by
- 32:5525. For example, if your monthly
- 32:58expenses are $6000 a month, your 25 X number would be 1.51 point
- 33:038 million. The 25 X rule has some
- 33:06advantages, including simplicity focuses on portfolio size,
- 33:10encouraging encourages living below your means.
- 33:13However, the rule has some limitations, including neglects
- 33:16important factors and oversimplification.
- 33:18I would say, you know, just being Bitcoin, since it's been
- 33:23it's been it's been quite a while now, long and tumultuous
- 33:27journey, to say the least. I would say simple's a good
- 33:30thing, right? Simply is a good thing.
- 33:32Simple's a good thing. I think that if you over
- 33:35complicate things don't have to be over complicated.
- 33:37What I've noticed also too, like you'll notice with like like a
- 33:42lot of these like wealth management firms and like these
- 33:44financial products, they'll try to over complicate it on purpose
- 33:47so that you don't understand it anyways.
- 33:50So kind of addressing today, like what is the number?
- 33:53So first, what is, and this is low depending on your state,
- 33:58right? So New York, California, those
- 34:01are high income states. So the cost of living is going
- 34:04to be a lot higher than this. But I took the average for the
- 34:07US and feel free like you guys already know the formula.
- 34:12Go to the 25 X rule and it's very simple math if you guys
- 34:16want to change the numbers. But for the sake of this
- 34:19episode, let's use the average household's monthly expenses,
- 34:23which are $6081.00. That's what that was the annual,
- 34:27that was the monthly expenses for the year of 2022.
- 34:31So the average annual income after taxes is $83,000 from
- 34:35$78,000 in 2022. So I just took the expenses
- 34:39because that's what the 25 X rules said and I did 6081 * 12
- 34:46is 73,025 * 73,000 is 1.82 million.
- 34:52At 69 K per Bitcoin, you'll need 26.37 Bitcoin to retire.
- 34:59Now I know I like that seems out of the out of the hands of a lot
- 35:04of people. And This is why I said that
- 35:06there's two different ways of looking at this.
- 35:09There's the way of looking at it via Fiat and there's the way of
- 35:13looking at it via Bitcoin. And I think if you look at it
- 35:18from the perspective of Bitcoin, things change a little bit.
- 35:22So what is you know, the 25 X rule?
- 35:24Like why is it why is it 25 X specifically?
- 35:27Well says the rule is based on the idea that a well invested
- 35:30retirement portfolio can consistently provide 4% of its
- 35:34value each year to cover living expenses, which is known as the
- 35:384% rule. Now there lies one of the
- 35:43problems with the with the issue fundamentally, which is like why
- 35:48do I have to be in it? Why do I have to become an
- 35:50investor just to maintain my purchasing power?
- 35:54Like that idea is nuts. If the money was working, right,
- 35:58if sound money were a thing, you would just save and sound money,
- 36:02of course, investments would be there.
- 36:04There would be investment opportunities, But you would
- 36:06always have in the back of your mind, is this investment going
- 36:10to keep up with Bitcoin, right? And that kind of changes the
- 36:13conversation a little bit. And the 4% aspect kind of gets
- 36:18thrown out the window, right? You know, if you take a very
- 36:21conservative approach, people are anticipating, you know, 10
- 36:25to 20% compound growth in Bitcoin's history moving
- 36:29forward. And again, that's a very, very
- 36:31extremely conservative approach. And then I also want to
- 36:35introduce this other idea, which is Bitcoin brings deterministic
- 36:42optimism to the table and it brings hope to the table.
- 36:45What do I mean by that? When you transition to a Bitcoin
- 36:49standard, it's not a question of will you able to will you be
- 36:52able to afford something if you work hard enough?
- 36:56It's a question of when will you be able to afford something when
- 37:00you work hard enough. There is a cost to number go up
- 37:04technology and that cost is time.
- 37:07That's the that's the cost you're paying right.
- 37:10But if you do simple math and I did it for you guys in the
- 37:12beginning, 21 million Bitcoin, if you divide those by the
- 37:17equally by the 59 million millionaires that are on planet
- 37:21earth, just the millionaires. I'm not talking about all of
- 37:23planet Earth. You get .35 BTC per millionaire,
- 37:27right? So anyways, I'm going to end it
- 37:29with this calculation which my friend Jimbo developed and you
- 37:35guys can check it out. I'll put it in the chat if you
- 37:37guys want to plug in your numbers yourself.
- 37:40And also you can send them some sats if you guys want to donate
- 37:42to him and kind of support this project that he developed back
- 37:46in 2022. It's called When Moon it's on.
- 37:51It's hosted on observablehq.com. Whoa.
- 37:55Did you guys hear the lightning in the background?
- 37:57Those. Yeah.
- 37:58Anyways, yeah, it's going crazy in Miami right now.
- 38:01Anyways, so the name of this project is When Moon give my
- 38:05Bitcoin stack? When Can I retire?
- 38:07This notebook helps you estimate the date at which you can live
- 38:10forever on a given Bitcoin stack.
- 38:14It goes, obviously, it gives the warning.
- 38:15Making predictions about the future is notoriously difficult.
- 38:18Obviously, no one knows. But what I would say when using
- 38:21these types of tools is take an extremely conservative approach,
- 38:26right? Like be bearish.
- 38:28And I think that will kind of, you know, give you a good idea.
- 38:32So let's be bearish, let's be ultra conservative.
- 38:35Let's say the inflation rate is not at 3%, it's actually at 4.
- 38:41And let's say the annual Bitcoin appreciation rate is not at 50,
- 38:46that a lot of people, if you look back, it's been on average
- 38:49250%. People are anticipating that.
- 38:52I'll throw it to Brian. Brian, what do you think the
- 38:55compound appreciation rate of Bitcoin is going to be for the
- 38:59next 10 years? I don't think, I don't think it,
- 39:03it decelerates at all. I, I think we, I think, I
- 39:06personally think that it's still going 150% a year for 10 years.
- 39:10I, I, I think that that's actually probably on the lower
- 39:13side, yeah, based on worldwide adoption, I think it'll be
- 39:17higher than that. But let's just, I, I don't want
- 39:20to throw your calculations off by even being that high.
- 39:22So if you want to go conservative, let's.
- 39:23Do 2, let's do 2, we'll do someone said 40% in the chat,
- 39:26Nico, and then we can do a. 100 let let's like we have the time
- 39:29it's it's about this episode, right we have plenty of time so
- 39:32let's experiment, right and this is what and I and I and I'm
- 39:35really glad that Brian put that 150% right.
- 39:38I'm really glad because it it again, I think highlights the
- 39:42hope that is Bitcoin versus the Fiat system.
- 39:45So let's compare and contrast under the Fiat system.
- 39:49If you are to follow the 25 X rule just to retire on the
- 39:53average income. Brian and I both know that 73 K
- 39:56in Miami and California is absolutely nothing right.
- 40:01But again, this is kind of like the average for the.
- 40:04The country, right, $73,000 and if you go anywhere else in the
- 40:08world, $72,000 is a lot of money.
- 40:10You could live pretty well. But that's when I'm, that's why
- 40:13I'm using it for this example specifically.
- 40:15But if you just wanted to retire on 73 K, you'd need $1.82
- 40:20million, right? That's not accounting for the
- 40:24part of your income that you're going to put in taxes, you're
- 40:26going to put in housing, you're going to put in healthcare.
- 40:28That's not accounting any of that.
- 40:30You'd need 1.82 million just to feel like you can retire
- 40:34peacefully. I think that's unachievable for
- 40:37most people, in my opinion. Like unless you're extremely
- 40:40disciplined, you know what you're doing.
- 40:43I think for most people, I think reaching that number is going to
- 40:46be very, very difficult. Now let's talk about what Brian
- 40:50just said. What about on Bitcoin?
- 40:53What about saving on Bitcoin? What about hoping to retire on
- 40:57on a Bitcoin standard? That conversation changes
- 40:59dramatically. So Brian expects 150% Bitcoin
- 41:04appreciation rate over the next 10 years.
- 41:06Let's keep the 73,000 the same. Let's keep the USD increase 4%,
- 41:12so 1% over what it's currently being reported as and your stack
- 41:16size. Now what's really crazy about
- 41:18this with these high numbers is that your moon date would
- 41:23actually be this year. Five months.
- 41:27Wait three months from now. Let's go.
- 41:29If you just have one Bitcoin, you could and it appreciates
- 41:33150% over the next 10 years. You can theoretically retire
- 41:40this year, which is absolutely nuts.
- 41:41But OK, let's go a little bit down because I know that one
- 41:44bitcoins out of the reach out of the hands of out of the out of
- 41:47the reach of a lot of people, especially if you're new to
- 41:50Bitcoin, your class of 2024 class of 2023 want to be
- 41:53respectful to you guys. So let's just put it down .1
- 41:58Bitcoin, right One is your moon date 2027.
- 42:02So 2027. If bitcoins annual appreciation
- 42:05rate is 150, you can theoretically retire off .1
- 42:10Bitcoin. So .1 Bitcoin is currently going
- 42:14to cost you $6900. Now compare and contrast that
- 42:20with this. So $6000 versus 1.82 million.
- 42:25Now I know what a lot of you guys are going to say.
- 42:28Annual appreciation rate is a bit high.
- 42:29OK, so let's go ultra conservative.
- 42:31I, I, if this hit 20%, I would be highly disappointed.
- 42:36But let's just do it for the sake of this, right?
- 42:39Your, your retirement would be 2054, so 2054, I think that's 30
- 42:46years from now, right? So if you're 30, that's roughly,
- 42:50you know, you're roughly, you're roughly 60 years old or 65 or
- 42:5560. Yeah, literally like 60 years
- 42:57old. And that's with 10 million sats.
- 42:59That's with 10 million sats, so that cost you $6900 today.
- 43:04And Brian, get this. This is only with an annual
- 43:07Bitcoin appreciation rate of 20%, which we know like.
- 43:10And with no further stacking as well.
- 43:12No further stacking, just .1. That's it.
- 43:15That's insane. Yeah.
- 43:17So contrast, like contrast that with this like what Fiat world
- 43:21is telling you is to dude, you somehow got to manage to put
- 43:25together $1.84 million in Fiat for you to retire versus you do
- 43:33just buy $6900 worth of Bitcoin. Work, work, wait 30 years and
- 43:37you'll be don't don't worry about it, right.
- 43:39Like it it's night and day. And This is why I say Bitcoin is
- 43:45deterministic optimism. Bitcoin is hope in a world of
- 43:50Fiat darkness. Bitcoin gives you the ability to
- 43:53plan, right? Anyways, I do want to pass it on
- 43:55to Opti. Opti, let's plug some numbers in
- 43:58here. So do we could keep one Bitcoin,
- 44:02we'll keep that up the inflation to like 15 and then we'll go
- 44:07with Brian's 150 appreciation rate.
- 44:13OK, so the moon date would be 2027.
- 44:16That's crazy. 10 million sets. 10 million sets.
- 44:19That's crazy. Do do a whole coin for the whole
- 44:22coiners out there. 2024. Retiring the end of this year.
- 44:27Let's go. Got a few.
- 44:30Months. OK, well, I I chefs at the
- 44:32Jimbo. I haven't seen you in a minute,
- 44:34bro. Love you, love the work you do.
- 44:35Go get some of Jimbo's playing cards.
- 44:37Actually, I don't. I think those are those are not
- 44:40being sold anymore. Those are those are collectors
- 44:42editions now. Anyways, I think the, I think
- 44:45the, the sentiment in the chat is seeing these numbers,
- 44:49especially in Fiat terms, is all probably making us feel like we
- 44:53have the delete yourself stack because we're all poor and we're
- 44:56all like, man, I need more Bitcoin.
- 44:59It kind of goes down to the whole idea of like, you never
- 45:01have enough Bitcoin. And This is why I always say,
- 45:03and I'm glad that Brian brought this up the idea and I always
- 45:06kind of joke about it and I put it in meme form, but like we're
- 45:09playing hungry hippo. I, I don't see, I don't foresee
- 45:11a time in my future where I won't be saving in Bitcoin,
- 45:15especially once you understand that Bitcoin is the best store
- 45:18value, period. It's the best money period.
- 45:21What else are you going to save your money in?
- 45:22So I think part of this is the idea that like you want to build
- 45:26your skills, make sure your cash flow comes in, make sure you are
- 45:28building businesses and, and, and working for as long as you
- 45:32can. Again, I've said this before.
- 45:33I really don't believe in retirement so much.
- 45:35It's kind of what me and Nikka always say is like find your
- 45:38purpose and continue to work on that for as long as humanly
- 45:41possible. And that's how you live a
- 45:44fulfilling life. But with all that being said,
- 45:47I'm still convinced, and maybe this is just because of the era
- 45:50that I came into Bitcoin that owning a full coin should be
- 45:54everyone's goal. I know now it's a little out of
- 45:56reach. It's, it's more than what people
- 45:58make a year in salary. So obviously it's going to like
- 46:02most people don't have those funds, especially when you
- 46:06connect that with the idea that very few people have savings
- 46:10right now. I, I've been kind of looking
- 46:12into some of the, the statistics out there, especially for like
- 46:15millennials and Gen. Zers out there.
- 46:17And it's, it's ridiculous how little people have in savings,
- 46:22like people living off like $6000 and less.
- 46:25It's just like, it blows my mind how the Fiat system has
- 46:28incentivized us to just live paycheck to paycheck and, you
- 46:32know, go out there and try to keep up with the Joneses and us
- 46:36Bitcoiners. Not saying that all Bitcoiners
- 46:38are frugal, but it's a totally different mindset where you are
- 46:42incentivized to save as much value as possible.
- 46:45Think about your future, lower your time preference so that
- 46:47whenever you know, or rather God, God forbidding you, get in
- 46:51in a position where you need to live off your savings like you
- 46:54have, you have something there. You got to make sure that you
- 46:57are protecting yourself, whereas in the field world, you're
- 46:59incentivized to just take out debt, you know, get yourself
- 47:02wrecked and and live live on a big daddy government to protect
- 47:07you over here. But I really love that the new
- 47:09memes coming out from the newer bit corners and new stacking
- 47:12goals really just goes to show how far we have can't come as
- 47:16bit corners and or rather maybe how how old like Brian and Nico
- 47:21and I are in this Bitcoin journey.
- 47:23You know, we've been doing it 876 years now and it it it's
- 47:27interesting how that number goes down, especially once you
- 47:31understand the number go up thesis.
- 47:33And you know, I've I've been seeing 50 million sets or half a
- 47:36coin 10 million sets. Like we're talking about.
- 47:39When I grew up in the Bitcoin space, we had American Huddle
- 47:42basically saying 6.15 and now I see people saying like .615 and
- 47:48.0615. So it's funny how these memes
- 47:52start to iterate on themselves and people just, you know, lower
- 47:56the bar for stacking goals. And I think that just goes to
- 47:59show how powerful Bitcoin is as a savings mechanism that over
- 48:03time your life does get cheaper on Bitcoin.
- 48:05Maybe Nico, maybe we pull up what's the price in Bitcoin 21
- 48:09real quick. I know we we haven't done that
- 48:11one in a minute. But it just before we do that I
- 48:14I did pull up the ad early because Brian's on the show
- 48:17today. So I do want to give a shout out
- 48:19to our sponsor, the orange pill app.
- 48:21Find local bitcoiners. Y'all are old and merchants near
- 48:24you joined the 10,400 and four 10,485 Bitcoin that are
- 48:30currently on the app. Download the orange pill app.
- 48:32It's one of the best ways to reach me via DM you.
- 48:35I don't really answer Twitter. No, I don't answer Twitter DMS
- 48:38anymore so if you want to reach me directly, send me a message
- 48:41on the orange pull up has a really clever filtration system
- 48:44so you'll only find fellow bit corners on the application and
- 48:47is a really cool like geographic feature.
- 48:50So if you travel to a new city, if you're brand new in town, you
- 48:53don't know any like minded individuals around you because
- 48:56you don't really have anything in common with no corners
- 48:58anymore. The orange pull up is the
- 49:00resource for you. It's probably a good idea to
- 49:02build up that Bitcoin or Rolodex because I truly believe that
- 49:05bitcoiners are going to be some of the most powerful influential
- 49:07people next 5 to 10 years. The orange pull up is the
- 49:10Bitcoin social layer stack friends who stacks that's
- 49:13download the orange pull up today.
- 49:14Scan the QR code or check the link in the video description.
- 49:17All right, everybody, I didn't want to give a shout to our
- 49:20sponsors. The show wouldn't be possible
- 49:22without our sponsors, but so let's put one last thought.
- 49:25Yeah, one one last thought, then we'll pass it to Brian.
- 49:28While I said that and I was looking in the chat, I was
- 49:31reminded of our boy CK Snarks who constantly tweets.
- 49:35None of us are bullish enough. And I, and I have to echo that
- 49:38because as a bitcoiner, we obviously don't know where the
- 49:41price is going. All we know is it's going up
- 49:43forever. Laura and Infinity divided by 21
- 49:47million. And I just, I'm always reminded
- 49:49and it always blows my mind like none.
- 49:51I don't think any of us are bullish enough because I
- 49:53fundamentally believe, and I say this probably like once a week.
- 49:57I'm like a broken record where I'm convinced that any amount of
- 50:00Sats that we hold today are going to be an incredible amount
- 50:04of wealth moving forward into the future.
- 50:06Obviously you got to stretch your time frame out a little
- 50:09bit, but whatever you're holding today, if you can hold it for 10
- 50:12years, it's going to increase in value.
- 50:14And I, I just fundamentally think most of us aren't wired to
- 50:18think that way because we're so used to the field.
- 50:20Yeah, we're so used to our our money or currency losing value
- 50:24that we forget that now we have the best store value period, The
- 50:28best money, period. And it is Bitcoin.
- 50:30It doesn't leak value. And This is why you want to
- 50:32continue to save, continue to stack, always buy consistently
- 50:37and hold on to that Bitcoin for as long as possible.
- 50:39Anyways, let's pass it to Brian or wait, you go pull up the site
- 50:41and then. Pass it before we do it.
- 50:42I do want to I want to give a shout out to No Lightning goats
- 50:45in the in the chat. Can we pay for orange Fallout
- 50:47membership in Sats Ryan? You absolutely can, yes.
- 50:51Lightning goats. Big fan of the work by the way,
- 50:53if that's the real lightning goats in the chat.
- 50:55If. You guys had him on the show.
- 50:57I was, I was working, I was in the same office I'm I'm at right
- 51:00now and I just, I just dropped everything I was doing and I was
- 51:03like, I just started feeding the goats itself.
- 51:05That was that was like the greatest simply Bitcoin episode
- 51:07of all time. Dude, it was so I, I, I, I broke
- 51:10like, I, I 'cause we're so used to like having guests and, you
- 51:14know, he just SAT's a humble guy.
- 51:15You know, he's, he's a humble guy.
- 51:17He's reserved. And then all of a sudden he just
- 51:19pulls out these fucking goats, man.
- 51:21And it was just absolutely awesome.
- 51:22I love Bitcoiners. They just continue to build
- 51:25really, really cool shit. Also, we have Soshi Satoshi.
- 51:30I'm a lifetime member of on OPA. So yeah, I'm cool with that
- 51:34lightning bolt and orange heart. Anyways, I do want to pull up
- 51:37the price in Bitcoin 21 is a website that we reference all
- 51:41the time. But essentially what it does is
- 51:43it tells you in percentage terms how much cheaper life is getting
- 51:48if you've been saving in Bitcoin.
- 51:50And it will tell you like a bunch of things that we know we
- 51:53tend to use. So oil, gold, I mean, I don't
- 51:56know if you use gold anymore, but the S&P 500, perhaps you
- 51:59invest in stocks for whatever reason, you know, the dollar,
- 52:03United States medium new house, you know, even with housing
- 52:05prices going through the roof, if you've been saving in
- 52:08Bitcoin, this is what we're talking about, right?
- 52:10The the retirement is a little bit different, but essentially
- 52:14it's just a different way of, of, of, of saying the exact same
- 52:17thing we're saying is that life gets cheaper when you transition
- 52:21to a Bitcoin standard. So even with housing doubling in
- 52:25the last, you know, 2-3 years, housing has gotten 87% cheaper
- 52:30if you've been saving in Bitcoin for the last five years.
- 52:32It's gotten 75% cheaper if you've been saving in Bitcoin
- 52:35for the last three years. So this is what I mean, Like
- 52:38saving in Bitcoin is superior to anything else you're doing.
- 52:42Brian, what's your take on all this, brother?
- 52:45I think that it's, it's really, really simple.
- 52:49It's, it can be, we can get a lot like it.
- 52:50It can be fun if you've got a, if you've got 10 million sets,
- 52:53it's really fun to run the calculators.
- 52:55If you got 10 Bitcoin, it's really fun to run the
- 52:56calculators. If you have less than that, it
- 52:59can be a really good motivation. But if anybody's watching the
- 53:02show and it it, that process made anybody feel like too far
- 53:06removed or, you know, they're getting lost in the sauce on it.
- 53:09Keep in mind that great minds think about the small edges they
- 53:14can get in life. I was just thinking about this
- 53:17as you were talking right now for anybody that that likes MMA
- 53:21or watched MMA, one of the greatest fighters of all time
- 53:23was this guy named George George Saint Pierre.
- 53:26And he was the guy was known for his insane, insane training
- 53:30regimen. The guy had the most strict
- 53:32diet. He did.
- 53:33He took every edge he could possibly do, But then he went
- 53:36beyond that. He had statisticians quantify
- 53:39all these different statistics about MMA that were things that
- 53:42were beyond his control. So what they found was that, you
- 53:45know, when you, when you went to the weigh in and the, the guy
- 53:49that wore red, if, if, if you wore red, that guy tended to win
- 53:53like 5% of the time more or in, in a stare down.
- 53:57The guy who didn't smile tended to win 10% of the time.
- 54:01More like it was there was all these little tiny edges that
- 54:04people didn't think were a big deal, but they were these small
- 54:07micro edges that were beyond because of course, in MMA,
- 54:10everybody's training hard, everybody's eating well,
- 54:13everybody's intense. Everybody's been, you know, been
- 54:15doing this for their entire lifetime.
- 54:17And so when you're in a world where there's traditional
- 54:20finance all around you, there's, there's, there's people in the
- 54:23Fiat world. There's a lot of, like we talked
- 54:26about earlier, there's a lot of NPCS in the Fiat world, There's
- 54:29a lot of really smart people in the Fiat world.
- 54:31There's still the Jerome Powells that are, that are working
- 54:33against you. So the duty of the bitcoiner,
- 54:36the, the prerogative of the bitcoiner, the wise bitcoiner is
- 54:38looking for every edge they can. And at the end of the day, every
- 54:41dollar in Bitcoin, every dollar that you convert into Bitcoin is
- 54:45outpacing the, the fact that if it would have stayed in, in that
- 54:48dollar, right? And so whether you can retire
- 54:51earlier or you're just running the race faster, that's what
- 54:55Bitcoin promises is that you're going to run the race faster.
- 54:57Maybe that race is a faster race to retirement, or maybe it's
- 55:00just being able to buy more food for your kids when inflation
- 55:04spikes. Either way, you're putting
- 55:06yourself in an advantageous position because you're getting
- 55:09on the Bitcoin train. 100% I 100% agree with that man.
- 55:14Wait Niko, can I troll a little little guys?
- 55:17New meme just dropped. Bitcoin is the edge.
- 55:19I want to see the Edge U2 memes on Twitter right when the show
- 55:23ends. Oh, man.
- 55:26All right, everybody, let's hit the culture.
- 55:28Lots to talk about. We're going to talk about Brian
- 55:30and what he's working on, his projects, his book, The Orange
- 55:33Plop. So much to get to.
- 55:35Anyway, let's hit the culture. Let's do it.
- 55:37Here we go. The daily culture.
- 55:48All right everybody, I do want to give a shout out to our
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- 56:45can you can check out their special sale going on live right
- 56:49now. Right moving on to Opti and
- 56:52Brian. I always love it when Brian
- 56:54comes on the show. We have great conversation and
- 56:56really enjoy it. And man, I got to get a signed
- 56:59copy of your the the pre release book, which, you know, I cheer
- 57:05us very much. It's on my bookshelf of awesome
- 57:08books. And man, thank you so much for
- 57:11coming on the show to get show today.
- 57:13Oh man, well, it was it was an honor as people in the audience.
- 57:16I have a lot of simply Bitcoin people have have read the book
- 57:19and reached out. Thank you guys so much for being
- 57:21for being huge supporters. There's an entire chapter that's
- 57:24kind of an homage to simply Bitcoin.
- 57:26It's tweets are the bullets and and are sorry.
- 57:29How do they say tweets are the bullets and memes are the
- 57:31artillery. That's the, that's the name of
- 57:33the chapter and that's, that's, that's the, the the chapter on
- 57:35counter propaganda is, is really very much encouraged by the work
- 57:41that you guys do here. And so that that book's been a
- 57:45smashing success again, because of the, the plebs its entire
- 57:49first week, it was number one on Amazon and in the, in the
- 57:52inflation and monetary categories and all that kind of
- 57:54stuff. So guys, I just like just a club
- 57:58that decided to, to write a couple books in Bitcoin to, to
- 58:01push some ideas out there. That's what this thing is all
- 58:03about. I, I don't have this like
- 58:05incredible background that that made me like super qualified or
- 58:09anything like that. But it's just one of those proof
- 58:11of work type of things that put the stuff out there.
- 58:13People liked it, people shared it and it was in large part
- 58:16because it because of you guys. And so I can't say thank you
- 58:19enough, Nico. It was, it was incredible to see
- 58:22you in Madera and go out of your way like you were, you were at
- 58:24the end of the day, you're ready to go home.
- 58:27You just been and you worked at, you know, 12 hour day and you
- 58:30stuck around for, you know, for my talk at the end and got a
- 58:33copy of the book. So thank you so much for that.
- 58:36But the the book is a is a really big idea.
- 58:39I think it's the first of, of a of the third generation of
- 58:44Bitcoin books. I've talked about this before,
- 58:46but I think it's a really, really cool kind of idea.
- 58:49There's the pre Bitcoin books, there's the sovereign
- 58:51individuals, there's the Roth, the Roth bars and the von Mises.
- 58:54There's those things that probably highly influenced
- 58:57Satoshi. And then there's the, the
- 58:59generation two or the 2nd wave of Bitcoin books, which is like
- 59:02the Bitcoin standard and, and broken money and, and soft war
- 59:07and those types of things. The, the kind of understanding
- 59:09Bitcoin and what are the implications of Bitcoin?
- 59:12And now there's this new wave of books.
- 59:13I don't know if people have recognized that, but there's
- 59:15like a third wave and, and I think parallel fits in that,
- 59:18that category of the 3rd wave is the OK, I understand Bitcoin.
- 59:21I've orange peeled a few of my friends, but what now?
- 59:24Like what's the next step? Is it just all about stacking or
- 59:28is it about building something bigger and, and better for the
- 59:31future? And I think that that's what
- 59:32parallel represents. The, the cool thing is, is that
- 59:36parallel, it's, it's not destroying the existing system.
- 59:40It's literally just building a better a, a, a new and better
- 59:43system that deprives the old system of oxygen.
- 59:46If the old system survives on its own, then, then then good
- 59:49for it. But if the parallel system is is
- 59:52out there, so get distracted. But that's.
- 59:55That is so funny. Yeah, there's a two star out
- 1:00:03there. Wait, before before you jump
- 1:00:06into it, you said something really wise, Brian, which is the
- 1:00:10fact that the existing system needs you as fuel.
- 1:00:15It needs human energy and time as fuel.
- 1:00:18Without it, it starves to death, right?
- 1:00:21Could you go back Opti 'cause I, I'm gonna read some of that.
- 1:00:24Dude, that is troll level like 100, man.
- 1:00:28So starting off with Stalin, right?
- 1:00:31The dictator of the USSR killed like 20 million Ukrainians.
- 1:00:34Anyways, goes on to say, ah, here we are have an attempt at
- 1:00:37literature that would have the likes of Marks and Angles
- 1:00:40spinning in their graves faster than A5 year plan in a style
- 1:00:44reminiscent of bourgeoisie player circle After You Move and
- 1:00:49the spiritual memoir regales us with idiotic individualistic
- 1:00:54concepts for for the capitalist swine.
- 1:00:58If buddy could be measured like tractor production.
- 1:01:05Saddam Hussein rates the book one star out of five.
- 1:01:09The book's major flaw is its failure to recognize the
- 1:01:12importance of strong, centralized leadership in
- 1:01:15maintaining order and national pride.
- 1:01:17The notion of dispensing financial power among the masses
- 1:01:22without controlling state apparatus would be seen as a
- 1:01:25recipe for chaos and weakness. In my view, any system that
- 1:01:28diminishes the straights grip over its resources and its
- 1:01:31people, as the book proposes, is inherently flawed and a threat
- 1:01:34to the stability and the grandeur.
- 1:01:36Of a nation. This one's wild, right?
- 1:01:39Paul Pot, the guy who massacred everybody in, in I think it was
- 1:01:43Cambodia, the Killing Fields, I believe.
- 1:01:47And he and he, he goes on to say zero stars out of five.
- 1:01:50I might have killed a lot more, a lot of people, but this book
- 1:01:53is somehow worse. The author clearly has no, no
- 1:01:56idea, no clue how to how utterly stupid the masses are.
- 1:02:00They must be controlled like a dog.
- 1:02:03They must be told what to do. And of course you have Mussolini
- 1:02:06at the bottom. Two out of five Hate the content
- 1:02:09while written. That was my favorite one.
- 1:02:13Oh man. He he had to give a little props
- 1:02:16so that that was so fun because we, we took old, old speeches
- 1:02:20and old content and dumped it into, you know, ChatGPT 4 and
- 1:02:25then asked it to read the book and then write, write a review.
- 1:02:28So, so that was as close as we could get to actual reviews from
- 1:02:33from the dictators. I just thought I had so much fun
- 1:02:35with that. Yes, yeah.
- 1:02:40It totally is though a total if you use ChatGPT, that completely
- 1:02:44changes the conversation. If you use ChatGPT and you input
- 1:02:47their speeches and then you input the book and you're like,
- 1:02:49right, one that is as close this is humanly possible that you can
- 1:02:55get to those people actually saying those those reviews that
- 1:02:58is, that is hilarious, man, and that's incredible.
- 1:03:00Part of it was because my, my wife when, when I, when I wrote
- 1:03:04Bitcoin evangelism, she wasn't, she wasn't worried about that.
- 1:03:07I mean, she didn't even know if it was going to sell many books
- 1:03:09or anything like that. And so her concern was like,
- 1:03:12wow, you know, OK, that's, that's great.
- 1:03:14A book about helping people understand Bitcoin.
- 1:03:17That's, that's, that's not going to put you in the, the
- 1:03:19crosshairs of the powers that be.
- 1:03:22But writing a book like parallel that might, that might put us in
- 1:03:25a position where where we're targeted by people that we don't
- 1:03:27want to be targeted by. And so to me, putting those, the
- 1:03:31reviews of dictators and tyrants on the back saying that they
- 1:03:34don't like the book to me was kind of like a 4D chess move.
- 1:03:37Because if Elizabeth Warren comes out and starts trashing
- 1:03:40parallel or starts trashing the parallel economy, then I can
- 1:03:44just be like, well, that's right, because tyrants hate this
- 1:03:46book like like they give it. It's a poor review.
- 1:03:48So if you're a tyrant, then of course you hate this.
- 1:03:51And so that was that was kind of like a preemptive pre strike is
- 1:03:55if you're going to come out against the book, then then
- 1:03:57you're in good company. Absolutely, man.
- 1:03:59Absolutely love it. Anyway, there's a 5D chess
- 1:04:02movement. Bro gotta.
- 1:04:04Get up. I was gonna, I was gonna pivot.
- 1:04:06Yeah, let's, let's, let's, let's talk about the orange palapa.
- 1:04:09Yeah, OK. And.
- 1:04:11All right, so I know you want to talk about one thing in
- 1:04:14specific, Brian, but there was a comment in the beginning and I
- 1:04:17know you guys always get the same feedback is why is an
- 1:04:21orange pill app free? And so to, you know, hit the
- 1:04:25elephant in the room. And for the audience that asks
- 1:04:27for it, why do they have to pay to get on orange pill app?
- 1:04:31That is the greatest question in the world.
- 1:04:33And and there's a really simple answer.
- 1:04:35It's the the age-old adage of and Bitcoiners, you understand
- 1:04:40this and once it's brought up, they're like, ah, yes, I get it.
- 1:04:43If something's free, then you're the product.
- 1:04:46If you pay for something, then it's the product.
- 1:04:48So an orange pill app, you pay for the app and we're the
- 1:04:51product. We're, we're, we're at your beck
- 1:04:54and call. When you use Twitter or when you
- 1:04:58use Facebook, then it looks free, but there's a tremendous
- 1:05:01hidden cost. We ran a study Facebook, they
- 1:05:05sell about, I think it's $32 of your data per month.
- 1:05:10So that's the inherent cost of Facebook is about $32 a month of
- 1:05:14your data. I think Twitter is less.
- 1:05:16I think something Twitter somewhere in the ballpark of
- 1:05:18$12.00 per month is what it sells of your data.
- 1:05:21So those apps certainly aren't free.
- 1:05:23But like Bitcoin mining where the fees are upfront and
- 1:05:27transparent, that's how Orange Pill app operates as well.
- 1:05:30The Bitcoin network isn't free. It's not free to send money
- 1:05:33across Bitcoin. Why do you think bitcoiners
- 1:05:35complain about network fees all the time?
- 1:05:38Or it's time, it's time to consolidate our UTXOS because
- 1:05:40the fees are low. That's great.
- 1:05:42That's the beauty of Bitcoin is it's transparent and it's up
- 1:05:45front and you know exactly what you're getting into.
- 1:05:47And if you don't want to send Bitcoin that day, then don't
- 1:05:50send Bitcoin that day because maybe, yeah, the fee, the fees
- 1:05:52are high. But if it's worth it to you to
- 1:05:54send Bitcoin, then, then, then you go ahead and pay that fee.
- 1:05:57It's the opposite of Visa and MasterCard.
- 1:05:58Visa and MasterCard, they hide the fees, they collude and all
- 1:06:01that kind of stuff. That's the Fiat mindset, just
- 1:06:03like Twitter and Facebook hide their fees.
- 1:06:06And then that's the Fiat mindset of social media.
- 1:06:08Well, well, well, the the members of Orange Pill app, they
- 1:06:12know exactly up front what what they're getting and what they
- 1:06:15pay for. And so it's just a few bucks a
- 1:06:18month. You can pay in sats and have a
- 1:06:20lifetime membership if you want. That's, that's my preferred
- 1:06:23method. That's what that's what I do.
- 1:06:24Because then you kind of pay and, and you can forget about
- 1:06:26it. But that's also part of the
- 1:06:27magic sauce where or excuse me, Nico talks about the, the
- 1:06:31filtration system. We have a few elements that help
- 1:06:34us sift out the crypto noise and and the scammers and the
- 1:06:38spammers and the bots. But because there's a, a small
- 1:06:41paywall, it's pretty incredible how that filters out the noise.
- 1:06:45And so aside from it just being more transparent, a more Bitcoin
- 1:06:48ethos type of environment, it also is part of what filters it
- 1:06:53out and what keeps the, the ecosystem so high signal.
- 1:06:56So I, I tell people all the time, we're used to having a
- 1:06:59freemium model and everything like, why can't I use the app a
- 1:07:02little bit and then I'll pay for it later.
- 1:07:05Well, guess what, if we gave everybody even one day free of
- 1:07:08orange fill out, imagine how many spam messages would be sent
- 1:07:11from NFT guys in, in one day. The reason why you don't get NFT
- 1:07:15spam on orange fill out, you will not get it is because
- 1:07:18there's a paywall. And so as soon as you get into
- 1:07:20the app, you, you start to recognize like, wow, this is a
- 1:07:23different type of social networking experience and the
- 1:07:26member, the members on the app are, are completely different
- 1:07:29than any other type of environment you you deal with
- 1:07:32with online connections. 100%, I mean, 'cause if not, if you
- 1:07:36don't do that, like you're gonna get a, a Twitter situation where
- 1:07:40you're gonna get, you know, the, the you're gonna get a random
- 1:07:43message from a very attractive. Woman.
- 1:07:46Woman that says she likes me. Yeah.
- 1:07:48And she that she's saying that she's gonna send two Bitcoin or
- 1:07:51two Bitcoin if you send her one, right.
- 1:07:53So, yeah, I mean that that's like a way to that's what Elon
- 1:07:57should have done, but he did it right.
- 1:08:00And that's how you get rid of the bots because then it just
- 1:08:02becomes like totally economical to do it.
- 1:08:05And the only reason that they're able to do this is because they
- 1:08:07do it like on a mass scale and they just throw this massive
- 1:08:10like fishing net. But like, you know, it's not
- 1:08:13very economical if they have to do it like 1 by 1, especially if
- 1:08:16they have to pay for an account, like the whole economics get,
- 1:08:19you know, put on its head. So no, it's it's very clever and
- 1:08:22it's a very good experience. Like you, you'll like you'll
- 1:08:25pull it up and you know, you'll find fellow bitcoiners that are
- 1:08:29near you and it's it's clean. Like you.
- 1:08:32You won't find like, like what? You know what Opti was saying?
- 1:08:36Like he won't find like the random Asian attractive Asian
- 1:08:39woman. Like maybe there is one on the
- 1:08:41app. I'm not saying there isn't, but
- 1:08:43you won't find the scammer kind anyways.
- 1:08:50Or Asian girls that are like cute and actually on orange
- 1:08:53collab actually. Real people.
- 1:08:58Nico, let's pivot this conversation a little bit
- 1:09:00because I know Brian wants to hit on something very important
- 1:09:02for the orange collab. And I'm gonna, I'm gonna pull up
- 1:09:05your your QR code here from your Twitter.
- 1:09:08But I want you to touch on the idea that you were mentioning
- 1:09:11earlier about Orange Pill App being the official social app
- 1:09:15for Bitcoin Nashville 2024. Yeah, no, this is this super
- 1:09:19exciting news. We just announced it this week.
- 1:09:22But for anybody who's going to Bitcoin Nashville, you this, we
- 1:09:26are the official social app of Bitcoin Nashville.
- 1:09:29So the reason why this is such a simple integration is because
- 1:09:34when you show up, and I don't know if anybody in Miami or at
- 1:09:37any of the conferences has had orange Palap, when you show up,
- 1:09:41it is so cool because when your feed, it's not people's post,
- 1:09:44your feed is bitcoiners that are near you.
- 1:09:48And so when you swipe up and you're scrolling through people
- 1:09:51and you see Nico and you see Opti and you see Breedlove and
- 1:09:54you see Natalie Brunell, these are all real Bitcoiners that
- 1:09:57you're in the general vicinity of that you can reach out to.
- 1:09:59So, and beyond that, beyond just being able to find individual
- 1:10:04Bitcoiners that are near you, you can find all of the Bitcoin
- 1:10:07events. We're the biggest repository in
- 1:10:09the world for Bitcoin only events.
- 1:10:11And that's, that can't be understated how important that
- 1:10:14is meetup.com and, and all of these resources for quote, UN
- 1:10:18quote Bitcoin events, man, 50% of the time you're going to go
- 1:10:21and then you're going to hear a web 3 presentation at one of
- 1:10:24these, at one of these Bitcoin meet ups.
- 1:10:26And it's so frustrating and you feel like you wasted your time.
- 1:10:29But there is, we also have a filtration process for our
- 1:10:32Bitcoin only event. So when you go to Bitcoin
- 1:10:35Nashville, you can find all the after hours type of stuff.
- 1:10:40And this is one of the things where I, I think a lot of
- 1:10:42people, if they're going into their first conference or if
- 1:10:45they don't know any Bitcoiners in the industry yet, they're
- 1:10:47like, man, I'm going to go to the conference from from 9:00 to
- 1:10:505:00 and I've got that day planned out.
- 1:10:52But what do I do after 5:00? Where are the events?
- 1:10:55Where's the Satoshi Rockamoto event or where is just a meet up
- 1:10:59with a few plebs for drinks? Or where's the, the, the, you
- 1:11:03know, the guys that are going to go play pickleball or they're
- 1:11:05going to go and roll and do jiu jitsu.
- 1:11:07All of those things people will go find while they're on
- 1:11:11vacation. There's going to be an early
- 1:11:12morning workout for Bitcoiners. Great.
- 1:11:15You can go do that before the conference and you can find it
- 1:11:17through orange pill app. So it's a way you might not be,
- 1:11:21you might not be like a Michael Saylor, right?
- 1:11:24That guy's got everything booked out for after the conference,
- 1:11:27before the conference and everywhere in between.
- 1:11:29But the regular plebs when we show up, we might not know what
- 1:11:32to do Orange Palap is a really, really robust solution for all
- 1:11:36of that. And it's it, it gives you like
- 1:11:38the Michael Saylor experience when you go to a Bitcoin
- 1:11:41Nashville type of conference. And so you know what, I've, I've
- 1:11:44had a bunch of people reaching out to me probably over the last
- 1:11:47couple months just asking like, Hey, how do I get started?
- 1:11:50You know, working in Bitcoin? I tell them the number one thing
- 1:11:53to do is to show up to Bitcoin conferences, to Bitcoin meet ups
- 1:11:58to, to, to meet other Bitcoiners in real life.
- 1:12:00So whether you're just trying to get more connected because you
- 1:12:03want more Bitcoin friends or you're trying to kind of make
- 1:12:07networking connections for, you know, you you want to work in
- 1:12:10Bitcoin full time or you want to, you know, have a part time
- 1:12:12gig in Bitcoin, showing up to conferences, but especially
- 1:12:16those after hours meet ups and parties.
- 1:12:20That kind of stuff is the way that you would get ingrained
- 1:12:22into the industry because somebody shook your hand,
- 1:12:25somebody looked you in the eye, somebody gave you a hug, a pat
- 1:12:27on the back. All of those things are far more
- 1:12:31deep and important and ingratiating than just talking
- 1:12:35to somebody through a camera or just talking to somebody through
- 1:12:37text. So I cannot overstayed enough
- 1:12:41how important it is to get out and make real life connections.
- 1:12:44And Orangeville app is literally your tool to do that all the
- 1:12:48time. But especially at A at a big
- 1:12:50event like Bitcoin Nashville, it makes your experience so much
- 1:12:53better, so much more rewarding. I totally agree, Brian and I, I
- 1:12:57just want to jump in a little. Bit yeah, I.
- 1:12:59Want to, I want to jump in on that because like Nico and I
- 1:13:02have experienced this and and I, I cannot emphasize on this show
- 1:13:07enough like having connections with Bitcoiners on the Internet
- 1:13:11is great and all, but when you take them into meet space,
- 1:13:14that's when like the, the real friendships and and maybe even
- 1:13:19like the family you choose really takes hold.
- 1:13:22Like, I have a lot of friends from Bitcoin that I met on
- 1:13:25Twitter, and now I literally consider them family and I know
- 1:13:29I'm going to be with them for a long time.
- 1:13:30And we can't overemphasize how important it is to take your
- 1:13:34relationships off the Internet and meet them in real life.
- 1:13:37It's like one of the most important aspects of being a bit
- 1:13:40coiner is building these communities in real life. 100%
- 1:13:44Like, you know, Opti and I have a very similar story, like when
- 1:13:47we met each other for the first time, shout out Surfer Jim, that
- 1:13:50convinced us to go to bit block Boom.
- 1:13:52And then many, many years later, no, a couple years later, like
- 1:13:55two or three years later, Fast forward, we're doing the
- 1:13:57production for them, right? So like those are the types of
- 1:14:00things that happened that wouldn't have happened if it
- 1:14:03wasn't for our initial meet and meet space the first time,
- 1:14:06right? So yes, in person events are
- 1:14:08absolutely amazing. And the Orange Palap is a great
- 1:14:12resource for you. And I know a lot of you guys are
- 1:14:14going to Nashville. So just download the Orange
- 1:14:16Palap, scan the QR code. The link is also in the video
- 1:14:20slash podcast description. Brian, seems like you wanted to
- 1:14:23say something. Well, yeah, I mean, all I was
- 1:14:25going to say was people, people have have told me like man,
- 1:14:28simply Bitcoin just just talks about Orange Pill app all the
- 1:14:31time. Yes, Orange Pill app is the
- 1:14:33sponsor of the show. But guys, it's because this is a
- 1:14:36huge idea, like the the value of the Bitcoin network.
- 1:14:39I'm going to say something kind of inflammatory without
- 1:14:41Bitcoiners, Bitcoin isn't anything like you need to have
- 1:14:45bitcoiners in order to make Bitcoin relevant and important.
- 1:14:48And so the the social connections, the the person to
- 1:14:51person connections of Bitcoin are really important.
- 1:14:54Like how big of a tragedy tragedy would it be if you know
- 1:14:58and it looks like you know, the things are changing, the Overton
- 1:15:01windows changing and and things aren't going to be like this.
- 1:15:02But like, what if you just stack sat, you're a hermit, you're a
- 1:15:06Bitcoin hermit, you stack sat and you have, you know, 10
- 1:15:09bitcoins someday. But then the day comes where
- 1:15:12like CBDC's are everywhere and you don't have any Bitcoin
- 1:15:16connections, right? Like you don't have anywhere to
- 1:15:17spend your Bitcoin. There's there's no exchanges
- 1:15:19that will cash your Bitcoin back into Fiat or anything like that.
- 1:15:23Like you've done all this time stacking, but then you kind of
- 1:15:26like missed the boat because there's nowhere to use to use
- 1:15:29that, that, that Bitcoin, right? And so whether it's like the
- 1:15:31really dark type of future like that or it's the really bright
- 1:15:35future, I think that we all think is going to happen.
- 1:15:37It's like, how, like, how awesome would it be when Bitcoin
- 1:15:41wins in the future and you have all these Bitcoin connections,
- 1:15:45you're, you're, you're extra connected in an industry, in a,
- 1:15:49in an industry where the rising tide lifted all boats.
- 1:15:52And not only did it lift your stack, it lifted your influence,
- 1:15:55It lifted your ability to have connections for your family.
- 1:15:58And, and why do you know, why do Soros and, and, and guys like
- 1:16:02that, like why did those people who we deem as as evil, why do
- 1:16:06they have so much power? It's not just because they have
- 1:16:08money, it's because they have they have connections.
- 1:16:11And so the way that we battle that type of really negative
- 1:16:14influence in the world is by building.
- 1:16:17That's why we talked about this a lot in the book.
- 1:16:19Parallel is building parallel systems of social connections
- 1:16:23like Soros and Bill Gates and all those guys.
- 1:16:26They have all sorts of power because they have all sorts of
- 1:16:28people who will listen to them because maybe the influence of
- 1:16:31their money, but the the type of social clout that they have.
- 1:16:33Well, guess what? That's how we combat this.
- 1:16:35We, we combat this with a really positive, very fun social
- 1:16:40engagement and we get to go party together, We get to go, we
- 1:16:42get to go share stories and have fun.
- 1:16:44But while we're doing that, we're literally fighting a
- 1:16:47revolution by doing that. Every Bitcoin that you connect
- 1:16:50with is like a shot fired in this revolution.
- 1:16:54And it's, it's peaceful, but you get to have fun doing it.
- 1:16:57And every time we do that, it's a vote.
- 1:16:59It's, it's, it's taking away from the existing status quo.
- 1:17:02So this isn't a small idea. This is like a really freaking
- 1:17:05big idea. The more that Bitcoiners
- 1:17:07connect, the closer we get to hyper Bitcoiners, so that that
- 1:17:11really can't be overstated. I love it.
- 1:17:14Like dude, man. Bitcoin or nepotism?
- 1:17:17Good. It's, it's really like winning
- 1:17:20over the hearts and minds of people like it.
- 1:17:22And it boils down to individuals really taking the orange pill
- 1:17:26like, no pun intended. So like it really like that's
- 1:17:32the whole point of this. And there's a human element to
- 1:17:36that. There's a meat space element to
- 1:17:38that. And I think that's, you know,
- 1:17:41orange pill apps, we say this every day.
- 1:17:43And another thing also, 'cause I saw someone talk about sponsors
- 1:17:45in the chat, guys, we're extremely picky with who we
- 1:17:49like. If we were to take shit coin
- 1:17:51like money at this point, I think Opti would have a golden
- 1:17:55yacht in the Caribbean. No, we, we're very picky on who
- 1:18:00we partner with and we strictly partner with like Bitcoin only
- 1:18:04companies that adhere to our ethos.
- 1:18:06Like we, we really believe that and we stick to that.
- 1:18:10So anyways, all that being said, Brian, man, I'm just, I'm a huge
- 1:18:15fan and I've seen the, the work that you guys have done over
- 1:18:18this last couple months and how far the app has come.
- 1:18:21And I remember when you guys rolled out dark mode super fan
- 1:18:25simply Bitcoin has a group chat. Also the the groups thing was
- 1:18:28really cool that you guys rolled this out.
- 1:18:29And now I'm hearing that the event that you guys are
- 1:18:32coordinating with Bitcoin magazine.
- 1:18:34And I'm looking forward to that because that's the thing that I
- 1:18:36see at every conference every single time.
- 1:18:39Like, like, what is there to do tonight?
- 1:18:40Like what is there to do? Now there's a resource.
- 1:18:43You literally, you know, you download this app by Bing bada
- 1:18:45boom, and there you go, you know.
- 1:18:48Yeah, I mean, it's, it's so cool being able to do the things that
- 1:18:51you love with Bitcoiners. When I went to Bitcoin Miami
- 1:18:54last year, I found four guys that like to do jujitsu.
- 1:18:58And so we went, we found a local gym and we asked the guy if we
- 1:19:01could pay our. This guy's never heard, I mean,
- 1:19:04he's heard of Bitcoin. He's never accepted Bitcoin, but
- 1:19:06we got him to download a Lightning wallet and we all paid
- 1:19:09our our gym fees in Bitcoin. So we got to like advance the
- 1:19:12Bitcoin gospel while we I got to meet, it was 2 new guys.
- 1:19:15I had one buddy with me. We had two new guys that I met
- 1:19:18through Orangeville app that came and did jiu jitsu at, at
- 1:19:22some some dudes gym and we got the orange film a little bit.
- 1:19:26I've heard people, yeah, say the same thing about doing other
- 1:19:28sports or like I said, early morning workouts.
- 1:19:30The the kind of random social connections that we get is is so
- 1:19:34rad. I've had two guys.
- 1:19:36I trained a bunch of people out of my house every week in jiu
- 1:19:40jitsu as well, and I've had two guys from Orangeville app in the
- 1:19:42last couple weeks show up. So I literally have more real
- 1:19:45life friends because of the the Bitcoin connections.
- 1:19:48These aren't just people that are like ideological friends or
- 1:19:52they're not just people that kind of share my perspective
- 1:19:54that are somewhere in the world. These are people, like you said
- 1:19:57in the meet space that I'm that I'm, you know, they're able to
- 1:20:01call if, if, if something goes down, these guys are literally
- 1:20:04just a call or a message away because they're my actual in
- 1:20:08real life friends. That that is so cool.
- 1:20:11I, I, what I've been in Bitcoin for 10 years.
- 1:20:13This thing, this type of tool did not exist.
- 1:20:18And so my early years of Bitcoin.
- 1:20:21I, I, I went wayward, right? And that's why I think that a
- 1:20:23lot of Bitcoiners from back in the day went into the altcoin
- 1:20:26space and stuff like that is because we didn't have a lot of
- 1:20:28high signal friends. We were just going by what we
- 1:20:30were reading online and we didn't have a lot of stuff to
- 1:20:32ground us. But when you have in real life
- 1:20:34Bitcoin friends, I don't think we're going to see the same type
- 1:20:37of ICO Bitcoiners, you know, running for, for things like
- 1:20:41Ethereum and stuff like that. Because we have enough signal
- 1:20:44around us now, because we have enough, enough real life
- 1:20:47connections to to keep us, you know, on the straight and
- 1:20:50narrow. Amen.
- 1:20:51Amen. Actually.
- 1:20:52Can I, can I jump on on that note because I literally said
- 1:20:54that this morning to my buddy Jill Rogers.
- 1:20:57He does the physical Zine at Bitcoin Magazine.
- 1:20:59And I'm like everything I do now, I literally just think of
- 1:21:03like my friends in real life. And I'm like, am I going, am I
- 1:21:05lost in the sauce or will my friends keep me in check?
- 1:21:08And he's like, I totally agree. Like that's, that's the
- 1:21:11importance of what we're doing here anyways.
- 1:21:14Last two sats, Brian, life advice, orange pill advice,
- 1:21:18parallel plug. What's the last message you want
- 1:21:21to leave with the audience? Well, guys, yeah, I mean, if you
- 1:21:24want to go, you know, sign up at Orange Pill app, it's just
- 1:21:27Orange Pill app.com. You can you can sign up for a
- 1:21:29personal account. If you're a brick and mortar
- 1:21:31business, by all means, please sign up your business.
- 1:21:33You can help, you know, have local bitcoiners find you.
- 1:21:37There's an easy way to accept Bitcoin for the first time ever.
- 1:21:40There's just a really easy integrated way through Orange
- 1:21:42Pill app. If you if you have a business,
- 1:21:45you know what? I my Barber, I found him through
- 1:21:47orange Bell app. It's just a good way to start
- 1:21:49stirring up the parallel economy.
- 1:21:51My my advice for people, if you want to get inspired for for the
- 1:21:55parallel economy, go, go read parallel.
- 1:21:58But here's here's a little tidbit.
- 1:22:01A lot of Bitcoiners, they're like, screw that.
- 1:22:03I'm not spending my Bitcoin. I I love the idea of the
- 1:22:06parallel economy, but I'm not spending.
- 1:22:08I'm hodling only That's fine. Go ahead.
- 1:22:11Do you just start accepting Bitcoin?
- 1:22:14You provide value to the marketplace.
- 1:22:16I don't know whether your computer program, your alignment
- 1:22:19or whatever you have, whatever skill you have, there's somebody
- 1:22:22that's paying you Fiat for it. That means that there's also
- 1:22:25somebody that's willing to pay you in Bitcoin for it.
- 1:22:28So just start accepting Bitcoin. That's that's step one.
- 1:22:30It's a crawl, walk, crawl, walk, run type of thing.
- 1:22:34And if we just get more people accepting Bitcoin, that means
- 1:22:37that that's stage one of the parallel economy and that's all
- 1:22:41we need. So you don't have to worry sorry
- 1:22:42about losing any of your Sats. If anything, you're gonna you're
- 1:22:45only going to accrue more Sats. And that does, I mean
- 1:22:50unfathomable good for the building of the parallel
- 1:22:53economy. Amen.
- 1:22:55Amen to that, bro. Oof, oof, Brian.
- 1:22:58Dropping, dropping hot fire, guys, one more of these, more of
- 1:23:01these bits. Go check out his book Parallel.
- 1:23:05And man, Brian, I always enjoy it when you come on the show and
- 1:23:09appreciate it, dude. Thank you.
- 1:23:11Likewise, my friends. Thank you man.
- 1:23:13All right guys, that was the Simply Bitcoin live episode for
- 1:23:16June 12th, 2024. I'm your host Nico.
- 1:23:19It's my legendary Co host Optimus Fields and our guest for
- 1:23:22today, Brian De Mint. So guys go check out his work.
- 1:23:26Huge fan and seems like you guys really enjoy these types of
- 1:23:29episodes. Currently 1800 live viewers.
- 1:23:32Another 50-60 of you guys watching live on Rumble.
- 1:23:36So we're going to be doing these every month and we're going to
- 1:23:38just change it and compare and contrast the insanity that is
- 1:23:42saving for retirement in the Fiat system versus saving for
- 1:23:46retirement in Bitcoin. So looking forward to those
- 1:23:49episodes. We're going to give you keep
- 1:23:50giving you guys what you guys want, right?
- 1:23:52Anyways guys, love you all. You guys can retire in four
- 1:23:55months. Love you all and we'll see you
- 1:23:57tomorrow for another episode of Simply Bitcoin Live.
- 1:24:02Episode was brought to you by bitcoinwell.com on a mission to
- 1:24:06enable independence. Whoopty.
- 1:24:29Pay me in SATS if you want to see me.
- 1:24:31It's me crazy. I'm sending you an invoice.
- 1:24:36It's me crazy Opti.