Latest / Simply Bitcoin / Mexico's Third Richest Man Buys MORE Bitcoin | EP 820

Transcript

Mexico's Third Richest Man Buys MORE Bitcoin | EP 820 · Simply Bitcoin

• 0:06
  It's. All going to zero against
• 0:09
  Bitcoin. It's going up for everyone.
• 0:19
  You're against Bitcoin. You're against freedom.
• 0:24
  Yo, welcome to Simba Bitcoin Live.
• 0:25
  We're number one source for the peaceful Bitcoin revolution
• 0:27
  because of breaking news, culture, medic warfare.
• 0:29
  We will be your guide through the separation of money and
• 0:32
  stake money and state. My mistake guys, I did set going
• 0:37
  live to to 12:15 PM, not 12:15 AM.
• 0:44
  I apologize. I'm in Los Angeles right now, so
• 0:48
  a bit of a mix up in terms of the giant time changes.
• 0:51
  That's why you see me in this, in this, this dark hotel room.
• 0:55
  But I'm well lit. So there is good news I guess.
• 0:58
  Anyways, today's news guys, we're going to cover a lot.
• 1:01
  We have a look into, remember a couple weeks ago guys, there's
• 1:07
  this news coming out of Oman that they were going to invest
• 1:09
  $1.1 billion into mining infrastructure.
• 1:14
  Well, it looks like our friends over at Luxor did an analysis of
• 1:18
  what that you know what? What that what?
• 1:21
  That entailed and also we're also going to talk about the
• 1:25
  richest man in Mexico, and he recently did an interview with
• 1:29
  Natalie Brunell. And I'm talking about the third
• 1:32
  richest man. By the way, his name is Ricardo
• 1:34
  Salinas and once again he has increased his Bitcoin position
• 1:39
  and also comedian Bill Burr. Calls out the Federal Reserve
• 1:44
  and the debasement of the dollar.
• 1:45
  So it looks like the Bitcoin echo chamber continues to break.
• 1:49
  People are starting to question what is money.
• 1:52
  I remember I was, I was checking into into my room last night
• 1:57
  into the hotel and I I remember the the people at the lobby
• 2:03
  we're talking about that they were just having a conversation
• 2:07
  like look, life is good man, but like holy cow this, this
• 2:10
  inflation thing. And and again, like think about
• 2:14
  it, like what is the probability that I'm there at that specific
• 2:18
  time to hear that type of conversation on the side.
• 2:22
  And I feel like people are enduring this everywhere.
• 2:26
  And we covered an article that came out in reference to in
• 2:33
  reference to 61% of Americans, according to CNNBC, are living
• 2:38
  paycheck to paycheck. So yeah, it's it's pretty crazy.
• 2:42
  Also breaking news. We'll have more follow up news
• 2:45
  for you guys next week. Ripple acquires crypto focus
• 2:49
  chartered Trust Company Fortress Trust and McShane from Bitcoin
• 2:55
  Magazine. TAG CEO and CEO Corey Klipston's
• 3:00
  and he said how will this affect customer Bitcoin deposits at
• 3:05
  SWAN. Corey replied and said near term
• 3:08
  no change. Fortress Trust will be run as an
• 3:11
  autonomous unit midterm will have some news out very very
• 3:16
  soon. So also Full disclosure Swan is
• 3:19
  a partner of a of of simply Bitcoin and I work at the
• 3:22
  company also I'm I'm part of the part of the media.
• 3:25
  So what we'll keep, we'll keep you guys in the loop as always,
• 3:29
  like what we've always advocated for on Simply Bitcoin, take a
• 3:33
  self custody of your Bitcoin. If you know if you don't like
• 3:37
  what's going on, that's that's what I would advise you know
• 3:40
  it's it's good to trust, minimize in regardless of the
• 3:44
  situation, regardless of who your broker is, who your
• 3:47
  custodian is, you should really trust yourself with your money.
• 3:51
  Especially if you don't like what's going out externally.
• 3:54
  What's going on externally anyways.
• 3:56
  I want to bring up my legendary cohost.
• 3:58
  Always optimistic. How you doing Opti?
• 4:01
  Doing wonderful. It is Friday.
• 4:02
  I feel good. Actually, Full disclosure, I
• 4:04
  drink too much coffee this morning guys, so I'm probably
• 4:06
  gonna go absolutely bananas on today's show.
• 4:10
  But hey, it is what it is. Hey, everyone's trolling me on
• 4:14
  my lack of a mustache, guys. I cannot grow facial hair.
• 4:17
  Chill out in the chat. Anyways, anyways, let's let's
• 4:22
  bring in our guest today box. How you doing?
• 4:24
  We got a bitcoiner. As we say all the time on the
• 4:27
  show. We bring on bitcoiners from all
• 4:29
  walks of life, from the biggest names to the everyday bitcoiner.
• 4:32
  So you already know we're going to go down his Bitcoin story,
• 4:36
  how you became a bitcoiner. And he told me, at least tweeted
• 4:39
  at us last night that he's been reading Lynn Alden's new book.
• 4:42
  So we'll probably get some thoughts on that and then maybe
• 4:45
  some thoughts on what he thinks is the best way to Orange Pill.
• 4:48
  So anyways, Vox, how you doing? I know you got your cold brew
• 4:51
  over there. I I hope you get just as jacked
• 4:53
  as I will on today's show. We'll see.
• 4:57
  We'll see. I'm going to.
• 4:58
  I'm going to let you have. I don't want to step on your
• 5:01
  energy. I'll try to.
• 5:02
  I'll try to juice you up here at 6:00 AM here in Hawaii.
• 5:04
  So let's go. I'm trying to get to your energy
• 5:07
  level soon. Well, good to have you, bro.
• 5:10
  I thought. I thought I was early here in
• 5:12
  LA, bro. I was like, damn, simply
• 5:13
  Bitcoin. At 9:15 in the morning, that's
• 5:15
  different. But at 6:00 in the morning in
• 5:17
  Hawaii? Holy cow, dude.
• 5:19
  Holy cow. Anyways, it's gonna be a great
• 5:21
  show, guys. No more delay.
• 5:22
  Let's jump straight into numbers.
• 5:24
  We got a lot to talk about the Bitcoin numbers.
• 5:29
  Is your Bitcoin and cold storage really secure?
• 5:32
  Is your seed phrase really secure?
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  Stamp seeds? Doityourself kit has everything
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  produced by a house fire. They're also crush proof,
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  All things that paper is. Not allowing you to huddle your
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  Bitcoin with Peace of Mind for the long haul.
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  Stamp your seed on stamps. All right guys, at the time of
• 6:29
  recording, the Bitcoin price is 2425 thousand 845 sats per
• 6:33
  dollar. 3869 block height 806,759 blocks to having 33,241
• 6:42
  having estimates April 21st 2024 Total Lightning network capacity
• 6:46
  4752 Bitcoin. Capacity value 122,000,000 U.S.
• 6:51
  dollars Realize monetary inflation 1.75% The market
• 6:56
  capitalization of Bitcoin $503 billion of the B Bitcoin versus
• 7:01
  gold market cap 3 point 3.93%. And before we go to the the
• 7:09
  video that we're going to talk about today guys, I literally
• 7:11
  made it super, super easy for you.
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  All you got to do is scan the QR code on your screen.
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  It'll take you directly to stamp seed website.
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  Get yourself a titanium seed for a storage kit so you don't have
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  to explain to your grandchildren why you lost your generational
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  wealth because you decided to store it on paper and not
• 7:28
  titanium. Anyways, another video that I
• 7:31
  want to play for you guys from Meese's Media.
• 7:34
  And the topic of this video is the consequence of Politicized
• 7:39
  money. Let's check it out, something
• 7:40
  that we've talked a lot about on simply Bitcoin, the consequence
• 7:45
  of politicized money. Often when we talk about
• 7:48
  inflation, what comes to mind is increased prices.
• 7:50
  But the consequences of political money go far beyond
• 7:53
  what we see when making a purchase.
• 7:54
  Money is not simply a unit of account, but it's the lifeblood
• 7:57
  of the economy. Manipulating it for political
• 7:59
  ends has ramifications that many will never understand, but are
• 8:02
  no less important. For example, the government's
• 8:04
  control over the production of money increases its control over
• 8:07
  the real resources in society. When inflation occurs, it does
• 8:10
  not happen evenly. Like boats floating on rising
• 8:12
  water, there are winners and losers in an inflationary
• 8:15
  environment. And many of the criticisms about
• 8:17
  the consequences of capitalism can be traced back to the
• 8:19
  socialization of money. As we've noted, the first winner
• 8:22
  of inflation is government. It increases the resources they
• 8:25
  can control without having to increase taxes.
• 8:27
  This allows government to spend more than they otherwise would,
• 8:30
  which is why we've seen exponential increases in
• 8:32
  government projects, foreign wars, and welfare programs.
• 8:35
  The more government has taken control over money, the next
• 8:37
  winner is big banks, which central banks used to conduct
• 8:40
  monetary policy. In 2008, it was the Federal
• 8:43
  Reserve that purchased most of the bad debt from big banks,
• 8:46
  failing them out for their bad decisions at the expense of
• 8:48
  everyone else who holds dollars. The winners don't stop there,
• 8:51
  however. The closer an individual or
• 8:53
  business is to the creation of new money, the more they
• 8:55
  benefit. So if big banks desire to focus
• 8:58
  their investment on a particular industry, like technology, big
• 9:00
  tech firms receive state privilege as well.
• 9:03
  For example, some major tech companies have never been
• 9:05
  profitable on the market. They continue to grow, however,
• 9:08
  because they have access to cheap debt subsidized by Federal
• 9:11
  Reserve policy. When one sector benefits from
• 9:13
  politicized money, other industries may be hurt, and not
• 9:16
  simply because of inflation. For example, in the 2000s,
• 9:19
  Federal Reserve policy subsidized the housing bubble
• 9:21
  that created a financial crisis with housing construction.
• 9:24
  Benefiting from monetary policy, it attracted workers away from
• 9:27
  industries that use similar workers, like manufacturing.
• 9:29
  These secondary consequences are often ignored by pundits, but a
• 9:32
  good economist looks at both the scene and the unseen.
• 9:35
  There are cultural consequences as well.
• 9:37
  When central banks push interest rates low, it changes the cost
• 9:40
  of money and encourages short term spending while discouraging
• 9:43
  saving. In doing so, our central bank
• 9:45
  policy impacts society's time preference, encouraging
• 9:48
  individuals to spend now at the expense of the future.
• 9:51
  Since 2008, with interest rates near zero, Americans have
• 9:54
  received very little interest if they saved money in a
• 9:56
  traditional bank account. But we're rewarded by investing
• 9:59
  in the stock market. The result is more Americans
• 10:01
  owning risky financial assets rather than having a dependable
• 10:04
  return for savings. This disconnect from financial
• 10:07
  markets and real production has created an economy grounded in
• 10:10
  what is called financialization. The result has been major gains
• 10:13
  in the financial services industry but declining
• 10:15
  purchasing power among American workers.
• 10:17
  While many Americans claim to be concerned about rising income
• 10:20
  inequality, few connect this issue to one of its major
• 10:22
  causes, giving government bureaucrats complete control
• 10:25
  over the money. No one has benefited more since
• 10:27
  Nixon closed the gold window in 1971 than the wealthiest 1% of
• 10:31
  Americans in recent years. Concerns about the abuses of
• 10:34
  the. Federal Did you hear other
• 10:35
  central banks 1971 What the F happened in 1971 See these
• 10:41
  videos are so good at explaining the problem.
• 10:45
  But it what it what good is explaining the problem without
• 10:49
  presenting a solution? Now this is something that pick
• 10:51
  corners have been doing, like it's not only about identifying
• 10:55
  the problems with the politicized and broken money,
• 10:59
  with the misaligned incentives of the Fiat system.
• 11:03
  You have to present a solution to people and I believe that the
• 11:07
  political solution that's being presented time and time again is
• 11:10
  a bait and switch, like it's a distraction.
• 11:13
  From what is what is actually going on now?
• 11:16
  I saw someone in the comments where you get the hoodie.
• 11:18
  This is the new simply Bitcoin merch.
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  You can get yours. I made it super easy for you
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  guys. All you got to do is scan the QR
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  code on your screen, take you directly to the Simply Bitcoin
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  website. You can get yourself a simply
• 11:30
  Bitcoin shirt or hoodie or merch just dropped.
• 11:33
  It's a limited drop so get it while supplies last.
• 11:36
  Anyways, Opti, what's your take on this bro?
• 11:38
  Aren't these videos great like? Who does them again?
• 11:43
  Meases something. Yeah, Meases Media, yeah.
• 11:46
  Meases media killing it and and to the point of the video.
• 11:49
  You know like we try to explain this as much as possible and you
• 11:53
  know I I never heard of Meese's media until you brought it up
• 11:56
  and and I love that it is putting this stuff in animation
• 12:00
  maybe maybe the the grown adults out there were actually watch it
• 12:03
  because it's animated and looks like a cartoon but politicized
• 12:06
  money makes you poor. Like it's this simple.
• 12:08
  It's so simple it really is almost incomprehensible.
• 12:13
  How people don't see the problem, like this is the
• 12:15
  canteon effect animated for you guys that have short attention
• 12:18
  spans that like cartoons, that are grown adults that like
• 12:21
  cartoons. But you know the TLDR of it is
• 12:24
  friends of the government get the money 1st and we see this
• 12:27
  constantly happening. We saw this happened in 2008, we
• 12:30
  saw this happen in 2020 and it's happening in 2023.
• 12:33
  Like, it's absolutely ridiculous how much money just gets printed
• 12:37
  to, you know, friends of the government.
• 12:39
  And that literally makes you poorer.
• 12:40
  Like it it it can't be more simple than this.
• 12:43
  You know, friends in high places, I suppose.
• 12:45
  I wish I had higher friends in higher wait friends in higher
• 12:48
  places. I'm I'm gonna get cut right
• 12:50
  there. It shouts at you guys in the
• 12:51
  chat. That's that's gonna throw me out
• 12:55
  of that. But This is why you can take
• 12:57
  their power away from them by opting into Bitcoin.
• 13:01
  Like this is the whole game, guys.
• 13:02
  The Fiat money politicized money.
• 13:05
  The separation of money in state.
• 13:07
  I would argue is the reason we are in the position we are in is
• 13:11
  because they print obscene amount of money for things that
• 13:14
  you probably wouldn't vote for. You probably wouldn't agree to
• 13:17
  these taxes, but hey, what's what's the saying?
• 13:21
  You know, inflation is the silent theft.
• 13:23
  So they print the money, they send that money wherever they
• 13:26
  want, whether you agree with it or not and you get poor.
• 13:29
  Like, this is the the basics of what's going on in the world,
• 13:33
  and This is why the world is so messed up right now.
• 13:36
  But I really like one point in here, and this point always gets
• 13:40
  lost on people, especially if they're outside of Bitcoin and
• 13:44
  they're normally world view or whatever.
• 13:47
  And I'm so glad that means this media brought this up because
• 13:51
  this is one of the things that very early on in my Bitcoin
• 13:55
  journey, my Austrian economics journey.
• 13:57
  It really kind of like struck A chord with me and it's the scene
• 14:00
  and unseen consequences of money.
• 14:03
  And and I think it's such an important idea because everyone
• 14:07
  can have an emotional reaction to the scene consequences of
• 14:10
  printing money. You know, hey, let's print this
• 14:12
  much money and send it to this, feel good, you know, whatever,
• 14:15
  whatever it is. You know, let's build the roads,
• 14:18
  let's build these bridges, let's help these people.
• 14:20
  And the unseen consequences of that money printing is you get
• 14:24
  poorer and it's so much easier to have a tangible emotional
• 14:31
  reaction to something that you see actually happening in real
• 14:34
  time. Versus something that goes under
• 14:36
  the radar, that's unseen, that you just you don't really
• 14:39
  understand what's going on unless you know the mechanics of
• 14:42
  the Fiat system. But you know, again TODR guys,
• 14:45
  the more money they print for whatever reason, the poorer you
• 14:48
  get, the poorer your children get.
• 14:50
  Because hey, if you're just like us, you're an average person
• 14:53
  that doesn't have friends in high places, then you know you
• 14:57
  don't get that money 1st and you get poorer once the money comes
• 15:01
  back to you. It's just it's so simple that it
• 15:03
  really blows my mind. That people like to complicate.
• 15:06
  This guys, the more money they print, the more money they print
• 15:09
  to give to their friends. And the longer it takes for you
• 15:12
  to get that money, the poorer you are.
• 15:14
  And oops, they even brought up 1971.
• 15:17
  And you know, like you can look at all the charts, Go to WTF
• 15:21
  happen in 1971 to see. The spread between the haves and
• 15:25
  the have nots and literally Bitcoin fixes this.
• 15:27
  You need to save in something that cannot get the base.
• 15:30
  Take Bitcoin into self custody. Save in Bitcoin constantly.
• 15:33
  Like it. It's really simple guys, but it
• 15:37
  really is incredible how thick some people's schools are and
• 15:41
  how hard it is for us to orange peel them anyways.
• 15:44
  Anyways, I'll ranch over. Ranch over.
• 15:48
  Let's go. Box jump in, jump in.
• 15:50
  What's your thoughts on this? The thing, the piece that I
• 15:53
  think is really hard for people to get, I mean, everything you
• 15:55
  just said is exactly right. The piece that's really hard for
• 15:57
  people to get is the fact that that there's an incentive for
• 16:00
  them to print because of the increased tax receipt they get
• 16:04
  on capital gains, right? That's a piece that took me a
• 16:07
  while to understand. I think a lot of people still
• 16:08
  don't understand it, but if my house goes up, goes up, quote,
• 16:13
  UN quote in this debasing currency values, if it double s
• 16:17
  and then I sell it, the government gets a nice chunk of
• 16:19
  that. Whereas if the currency had
• 16:21
  stayed level, it wouldn't have been as much of A capital gains
• 16:25
  tax for them. So there's actually an incentive
• 16:28
  built into it for them to inflate for all the capital
• 16:30
  gains that they get for their tax receipts.
• 16:33
  It's not a neutral thing, even just from the government's
• 16:37
  perspective, let alone, you know, the people who are the
• 16:39
  asset holders who benefit is so much unfairness making the way
• 16:43
  it's ridiculous. Yeah man, the the unfairness is
• 16:46
  is incredible. And you know, it's so easy to
• 16:49
  divert the conversation if you don't understand the mechanics
• 16:52
  to it. Anyways, Nico, it's all you bro.
• 16:56
  Yeah, I mean dude, like it it's it's it's such a great I wish I
• 17:01
  I've, I've seen bitcoiners do like the animated chalkboard
• 17:04
  before. I've seen like, like I and
• 17:07
  Applebaum, and he's done work with Knut Svenholm.
• 17:11
  And I've seen 21 million Bitcoin TV or something like that, and
• 17:15
  they've done that type of stuff. But you know, these educational
• 17:18
  videos are great. And I I don't want to keep
• 17:20
  emphasizing this, right? It's like it's really awesome to
• 17:23
  identify these problems. But one thing is identifying the
• 17:27
  problem and one thing is providing a solution.
• 17:30
  And the only solution that's presented to most people is a
• 17:33
  political 1. So it's like vote Republican,
• 17:36
  vote Democrat. All your problems are going to
• 17:37
  go away. Doesn't matter what parties in
• 17:39
  power they This is why they call it the uni party, right?
• 17:42
  That they just print money like that's it, right?
• 17:45
  And as long as they have this ability to create money for free
• 17:49
  that everyone else has to work for, it misaligns incentives in
• 17:52
  society and makes these politicians absurdly.
• 17:56
  Which why do you think they're sending all that money to
• 17:58
  Ukraine? Where is that money going?
• 17:59
  Right. No one's asking that.
• 18:01
  Right. It's like, why is, you know, why
• 18:03
  are these politicians, not to name anyone's, any specific
• 18:06
  ones, but why are they worth hundreds of millions of dollars
• 18:11
  with the government salary? I think the highest government
• 18:13
  salary in the Senate is $174,000 a year.
• 18:16
  So, like, how are they worth that?
• 18:18
  How are they worth that type of money?
• 18:21
  Well, I mean, if there's a money machine next to you, you know,
• 18:24
  figuratively speaking, like what do you like?
• 18:26
  These people are incentivized. To get as close as humanly
• 18:30
  possible to it, right? So anyways, Bitcoin fixes this.
• 18:34
  So but shout out to Meese's media though, because these are
• 18:37
  still very very well done videos I hope.
• 18:40
  I wish at the end all they have to do.
• 18:41
  They even have to include Bitcoin in there.
• 18:43
  They could just end with like a static image of Bitcoin fixes as
• 18:46
  with the Bitcoin logo, you know? And that's it.
• 18:48
  That's literally all they have to do.
• 18:51
  Anyways, I want to give a shout out to one of our sponsors,
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  All right, everybody, let's get to the news.
• 19:31
  We got a lot to talk about today.
• 19:32
  Let's check it out, the Daily News all.
• 19:40
  Right, guys, I want to give a very special shout out to our
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  the show notes below. To learn more, get yourself a
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  Foundations Devices Passport Hardware Wallet.
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  Anyways guys, let's jump into the news today.
• 20:41
  We have a lot to cover. So let's start off with the news
• 20:46
  from Oman. And in case you guys haven't
• 20:49
  been tuned into simply Bitcoin or you guys have unplugged from
• 20:52
  Bitcoin Twitter, I don't blame you.
• 20:55
  This crab market for a while and bear market has, I think a lot
• 21:00
  of people are are, you know have been eating each other
• 21:03
  figuratively speaking. So I don't blame a lot of you
• 21:07
  guys for tuning out. But in case you're tuning out to
• 21:10
  give you guys a little bit of context, an article came out not
• 21:13
  too long ago. I think it was about a week ago
• 21:14
  or so that Oman was investing $1.1 billion in mining
• 21:20
  infrastructure. So let's check out some of the
• 21:23
  details of that. And this is also this was made
• 21:27
  by our boys over at Luxor. With its energy surplus and
• 21:30
  desire to diversify and modernize its economy, Oman is
• 21:34
  now moving heavily into Bitcoin mining. 2 Mega projects EXA,
• 21:37
  Hertz and Green Data City are currently under development and
• 21:40
  could turn Oman into the biggest Bitcoin mining nation in the
• 21:43
  region. Exahertz and Green Data City
• 21:45
  plan to build out a combined 11.2 GW which could generate 55
• 21:51
  EXA hashes. This could eventually give them
• 21:53
  on a 7% network share. It goes on to say quote Oman's
• 21:57
  electricity system consists of two separate electricity grids
• 22:01
  named Dofar and Main Interconnected System.
• 22:05
  Both Exahertz and Green Data Cities pilot projects are
• 22:09
  located in Dofar, while Exahertz has two sites under development
• 22:14
  in the Main Interconnected system area.
• 22:17
  Exahertz has a partnership with Bit Main and utilizes
• 22:19
  hydrocooled bit main containers equipped with the S 19 Pro X
• 22:23
  Hydro at its Salala pilot site quote.
• 22:27
  The Omani government has adopted a fuel diversification policy
• 22:31
  with a target of generating 30% of of the electricity from
• 22:35
  renewable sources by 20-30. The only way to achieve this
• 22:38
  optimistic goal is by initiating massive development of Oman's
• 22:42
  excellent solar resources. Quote Due to due to a continuous
• 22:46
  build out of natural gas and solar, Oman's total generating
• 22:50
  capacity is expected to grow by 8.7% annually until 2027.
• 22:55
  There will be more than enough electricity for the country's
• 22:57
  Bitcoin miners, goes on to say quote The heavy build out of new
• 23:02
  generation capacity will lead Oman's already electricity
• 23:05
  surplus to increase drastically. Bitcoin miners will be needed to
• 23:09
  monetize this otherwise unutilized electricity
• 23:11
  generation capacity. It goes on to say Oman's mining
• 23:15
  license holders can obtain considerably lower electricity
• 23:18
  tariffs than regular businesses and pay below .4 per kWh, a
• 23:23
  highly competitive rate globally.
• 23:24
  One of the biggest advantages of mining Bitcoin Oman is the solid
• 23:28
  government support. Licensed miners get access to
• 23:30
  special and competitive electricity tariffs.
• 23:34
  In addition, they could avoid most taxes, including corporate
• 23:37
  tax, VAT, and import duties. Scorching desert heat makes
• 23:41
  Bitcoin mining a massive challenge in other Middle
• 23:44
  Eastern countries like the UAE guitar and Kuwait.
• 23:47
  Luckily, miners can can come to cool down in Oman, the Bitcoin
• 23:51
  mining Oasis of the Middle East. I love, I love how that's put
• 23:55
  very, very good marketing. So there's an update from Oman
• 23:59
  that that that news that came out, you know, not too long ago.
• 24:02
  So and just to kind of give you guys like a mental model, right,
• 24:05
  we had the Kingdom of Bhutan. There's an article that came out
• 24:08
  by Forbes, very famous and it said Bhutan has secretly been
• 24:12
  mining Bitcoin for years. Then another country.
• 24:15
  So what's the next country that's going to be investing
• 24:17
  into Bitcoin mining? It's it's it's almost as if
• 24:20
  bitcoins incentives stay winning.
• 24:22
  Anyways, here's a clip from the Coin Stories podcast which is
• 24:26
  hosted by Natalie Brunell and it is Ricardo Salinas.
• 24:30
  Ricardo Salinas is the third richest man in Mexico is.
• 24:33
  It's about 21 second clip. Let's check it out.
• 24:36
  In the liquid part of the portfolio.
• 24:40
  I now opted I basically just have Bitcoin micro strategy,
• 24:49
  four or five miners and some oil companies and some gold miners.
• 24:56
  That's it in the liquid part. Oh, this guy's based AF like he
• 25:02
  doesn't own anything. He doesn't own treasuries.
• 25:05
  There's nothing. It's just like, bro, like I have
• 25:08
  Miners Bitcoin Micro Strategy, which is like basically an ETF
• 25:13
  of Bitcoin. Like that's how it's acting,
• 25:15
  bro. That's absolutely hilarious.
• 25:18
  I mean, talk about conviction. Yeah man.
• 25:20
  I mean, it's so obvious. It's so obvious for bitcoiners
• 25:25
  that have been here for a long time, but I guess it's not
• 25:27
  obvious to everyone. Anyways, here is Bill Burr.
• 25:30
  He's a very famous comedian and he calls out the Federal Reserve
• 25:34
  and the debasement of the dollar.
• 25:36
  Let's check it out. And this is very important in
• 25:38
  terms of breaking the Bitcoin echo chamber.
• 25:40
  The more people question the dollar, the more people question
• 25:44
  the system. This is why we show you guys
• 25:47
  videos from like Nieces Media for example.
• 25:49
  That is a very good video, for example, that you can share with
• 25:53
  someone who's complaining about inflation.
• 25:55
  Like, they're like, what's going on with inflation.
• 25:57
  You could literally just send them the video and that video
• 26:00
  will summer, like, summarize it for you.
• 26:02
  Maybe you send them the video and then underneath the taxi put
• 26:05
  Bitcoin fixes. This look into Bitcoin, right?
• 26:09
  That's how we moved it. Like, that's how that's how we
• 26:12
  win this thing. Slowly but surely we win over
• 26:14
  the heart, the hearts and minds of individuals.
• 26:17
  Anyways, let's check out what Bill Burr has to say.
• 26:20
  I don't care $20. This could get me a gallon and a
• 26:24
  half of gas. Thank you Joe Biden.
• 26:29
  I love how people still blame ties for gas prices and not the
• 26:33
  fact that we print a trillion dollars with nothing behind it
• 26:37
  every August. This is liberal.
• 26:39
  This is fucking Donald Trump. Oh, is that what it is?
• 26:44
  I thought it was 10 cunts in the Federal Reserve with suits,
• 26:47
  right? Did somebody explain to me why
• 26:51
  the president just doesn't send the army over there with guns
• 26:54
  and walk in and be like, yeah, this is over, this is over.
• 26:57
  We don't owe you any money. You guys can all go fuck
• 27:00
  yourselves. And it's our currency again.
• 27:03
  And we say it's worth something. All right, You guys left me on
• 27:09
  that. What are you all economists?
• 27:11
  That's actually not how it works.
• 27:13
  What you got to have is you need a valuable.
• 27:17
  But what gives gold value? Excellent question.
• 27:21
  Let's go to the fucking blackboard.
• 27:24
  That's when you know you're in deep shit anyways.
• 27:27
  Absolutely fucking hilarious. But yeah, look again, the fact
• 27:30
  that people are laughing about it, the fact that it's being
• 27:33
  talked in the mainstream is correctly identified.
• 27:36
  The problem I think in terms of moving the Overton window, this
• 27:39
  is very, very important. Now kind of going back to, you
• 27:44
  know, the, the let's start off with the Oman news OPTI.
• 27:54
  Yeah, Bitcoin is definitely halal.
• 27:48
  I mean, dude, this, this bullish bro.
• 27:50
  What? What did you say the other day
• 27:52
  Bitcoin is? I mean, we've been saying this
• 27:57
  for a while and shouts out to my boy Mike Hobart because he
• 27:59
  constantly double s down on the idea that look, even if you
• 28:03
  strip away Bitcoin from its use case as a store of value for for
• 28:08
  the individual out here like. Bitcoin as an asset to energy
• 28:15
  production and the energy grids is, is what Mike always says is
• 28:18
  like. That's probably the killer the
• 28:20
  killer app here for Bitcoin and it's going to be extremely
• 28:23
  unavoidable moving forward. Especially when we're seeing
• 28:26
  countries and corporations start to embrace it and start to use
• 28:31
  Bitcoin mining as a way to offset their profits.
• 28:33
  I mean everyone wants profits. We we are capitalists and people
• 28:36
  want to make money instead of just burning money, literally
• 28:38
  burning money and it going to waste.
• 28:41
  So of course it's becoming clearer to people that are
• 28:45
  energy proficient to or energy efficient to embrace Bitcoin
• 28:50
  mining. And I think we're gonna see this
• 28:51
  happen more and more and more and it's just going to be
• 28:54
  absolutely beautiful, not only because people are embracing
• 28:58
  Bitcoin. But adding more hash power, hash
• 29:01
  rate to the Bitcoin network, you know, makes our money that much
• 29:04
  harder and that much stronger. And I just absolutely love to
• 29:06
  see this, as I've been saying constantly, like semi trolling,
• 29:10
  you know, we should be unplugging all these nations and
• 29:12
  they should be plugging into Bitcoin.
• 29:14
  Obviously, guys, I'm trolling. I'm trolling.
• 29:15
  But on the next point on the next point, I'm gonna jump to
• 29:20
  what What's the What's the Mexican dude's name?
• 29:22
  Robert. Robert Salinas, I think.
• 29:25
  Ricardo Salinas. Ricardo Salinas?
• 29:27
  No Berto. No, Ricardo Salinas, are you
• 29:29
  Mexican? Opti?
• 29:30
  What's going? On Dude, I am the worst Mexican.
• 29:32
  Don't you hear this accent? I am an American.
• 29:34
  Anyways, I just want one tidbit on it and I've been hearing a
• 29:40
  lot of this. Coming out from Twitter accounts
• 29:44
  and also friends that are having these conversations, but the
• 29:47
  amount of people that are secretly stacking right now that
• 29:51
  are high net worth individuals I think is going to be absolutely
• 29:55
  mind blowing coming up. Most of these people, if they're
• 29:58
  smart Bitcoin investors, I I hate using the word investors,
• 30:01
  but if they're smart when they're stacking Bitcoin,
• 30:03
  they're obviously buying Bitcoin like over the counter.
• 30:05
  So they're not necessarily moving the markets.
• 30:07
  And it's only a matter of time until that like a retail FOMO
• 30:11
  kicks in and the price really starts jumping.
• 30:13
  And and I think it's going to be very interesting to see what
• 30:17
  high net work, high net worth individuals have been stacking
• 30:20
  in this bear market. I mean I look they they like to
• 30:23
  make money too. They understand that they're
• 30:26
  purchasing power, as Sailors said is melting ice cubes, and
• 30:28
  they're losing it in real time, and they need to find
• 30:31
  alternatives. And it really connects to the
• 30:33
  idea of Bill Burr. Like, I absolutely love Bill
• 30:36
  Burr. He's hilarious.
• 30:37
  He's a legend. I think though in the past he
• 30:40
  was hating on Bitcoin for a little bit.
• 30:42
  I I think if I remember correctly, there was a clip
• 30:44
  going around where he was like, don't talk to me about Bitcoin,
• 30:46
  you fucking nerds, and don't blame him.
• 30:50
  But I think it goes back to the idea we always talk about here,
• 30:55
  or at least I always talk about here, is that people are
• 30:58
  starting to. Feel the problem.
• 31:01
  Like, you know, understanding the problem and knowing the
• 31:05
  solution are probably two different things.
• 31:07
  But but if we're talking about this in popular culture and you
• 31:11
  know, Bill Burr making fun of the Federal Reserve, making fun
• 31:13
  of Joe Biden printing trillions of dollars.
• 31:15
  Or any president printing trillions of dollars.
• 31:18
  You can tell that this is moving into the popular zeitgeist of of
• 31:23
  human consciousness. They they are waking up to the
• 31:25
  idea of like wait, why are we using paper IOU's?
• 31:28
  Like why is this the status quo And and also kind of relating
• 31:32
  this to the mesas video in the beginning, like this is the
• 31:36
  fundamental problem. They print a bunch of money and
• 31:38
  we have no say in it and they're supposed to be working for us,
• 31:42
  the citizen. And they're making us poorer and
• 31:45
  people are starting to feel the problems.
• 31:48
  Again though, just most people don't know the solutions or
• 31:51
  they're fighting the solutions. Like, you know, I I'm sure you
• 31:53
  guys have had these conversations with people and
• 31:55
  you're like like Bitcoin fixes is like, yeah, shut up bro, stop
• 31:58
  pumping your bags. But the problem is simple, man.
• 32:01
  They print obscenes amount of money.
• 32:03
  What's the, what's the Foss mean?
• 32:04
  Like they can't stop printing money.
• 32:06
  They are in a rock and a hard place and they have to continue
• 32:09
  to print money. And if it's becoming if
• 32:13
  comedians are talking about it and they're they're highlighting
• 32:16
  the problems, then you can tell that it's slowly but surely
• 32:20
  seeping into the popular zeitgeist of of you know, all of
• 32:24
  humans are like, what the hell is going on?
• 32:25
  Why are we poor? Why are we struggling right now?
• 32:27
  I thought we were in a first world rich country.
• 32:29
  Like how come? How come my gas is going up?
• 32:31
  How come my food's getting more expensive?
• 32:33
  Why are my bills more expensive? How come you know how come I'm
• 32:36
  getting richer in my house? Mortgages go, you know, like,
• 32:39
  why is my house pricing going up?
• 32:41
  Like, what's going on here? It's the broken money.
• 32:43
  This is the fundamental problem here.
• 32:45
  We have bad money and everything is getting more expensive and we
• 32:50
  have opted out and we're sitting over here in the in the life
• 32:53
  raft like, hey guys, you might wanna hold some Bitcoin.
• 32:56
  It's catching on. What's your take, man?
• 33:04
  Yeah. So what I'm saying is
• 33:05
  interesting. I'm certainly no expert.
• 33:08
  I I spent some years working in oil and gas and so don't take my
• 33:12
  words for any kind of expertise, but what I think is fascinating,
• 33:15
  you know with with the natural gas especially you burn it to
• 33:18
  mine the Bitcoin, right. So I think, I think Bitcoin
• 33:21
  mining has been too small to really be a competitor for
• 33:24
  infrastructure. Literally, infrastructure is a
• 33:27
  is a big deal. Not just have the need to
• 33:30
  obviously just have the reserves you need to actually bring the
• 33:32
  market which is one of the hardest parts the section of the
• 33:35
  industry. So if when are we going to see
• 33:39
  competition between Bitcoin mining and actually the building
• 33:43
  of infrastructure, the building of import export terminals for
• 33:45
  example, pipelines like why do you need that pipeline if we're
• 33:48
  all plugging in miners. So that's kind of the
• 33:52
  fascinating thing for me as I look at this online piece of
• 33:54
  country start to come out, you know, baton or mine.
• 33:58
  And they're all looking at each other thinking, oh, you're doing
• 33:59
  something that I'm not. Because we see how things are
• 34:02
  geopolitically right now where it's, you know, you need to like
• 34:04
  the Russian, you need to not just produce, you know, the gas.
• 34:08
  You not just produce the hydrocarbons, but you need to be
• 34:10
  able to sell them, You need to be able to bring into the market
• 34:12
  and sell them. So with Bitcoin mining, you can
• 34:14
  just eliminate a large part of that head.
• 34:16
  So if there's political constraints, if there's
• 34:19
  infrastructure constraints, just eliminate all that headache, you
• 34:22
  just burn it yourself and mind the and mind the Bitcoin.
• 34:25
  I think we're just in the very beginning days of seeing how
• 34:28
  that plays out, but it's gonna, I feel as though it's gonna
• 34:31
  become a major player in terms of integrating into how all
• 34:35
  these infrastructure deals are thought about going forward.
• 34:40
  It's gonna be fascinating to watch it unfold.
• 34:42
  Definitely, man. Excited to watch this unfold.
• 34:47
  I mean like everyone's saying in the in the in the chat we need
• 34:50
  to orange pill the lions and and not really care about the sheep.
• 34:54
  Hey man I think all individuals need Bitcoin.
• 34:57
  But it it's very interesting that those with capital, those
• 35:01
  that have made their own well are obviously going to
• 35:04
  understand Bitcoin before everyone else that is kind of
• 35:07
  waiting for handouts. So I I think this is just like
• 35:09
  the inevitable. Process of people becoming
• 35:14
  orange pilled. So I don't know man I I think
• 35:17
  this next this next couple of years is going to be very
• 35:20
  interesting and it and and I I really wonder whether Bitcoin is
• 35:24
  going to become like part of the popular culture and and said it
• 35:29
  like right now we're really you know the ugly step headed child
• 35:32
  of any conversation and we're the ones badgering people about
• 35:35
  Bitcoin and I think coming up. It's going to be unavoidable.
• 35:39
  And people are going to be like, yo, we are poorer than ever.
• 35:42
  Our money is not going as far as it used to.
• 35:45
  Like what the hell is going on? And obviously this is when we're
• 35:48
  sitting here and we're like, hey guys, it is Bitcoin.
• 35:50
  Thank you very much. You know, I'll help you.
• 35:53
  I'll Uncle Jim you, I'll make sure that you guys take your
• 35:55
  Bitcoin into self custody. You guys protect yourselves.
• 35:58
  But it I think it's becoming very clear that there is a
• 36:01
  problem. And I think that's the first
• 36:02
  step. People asking you know, what is
• 36:04
  money like? What's the problem like?
• 36:06
  If people don't know there's a problem, there ain't going to
• 36:08
  look for solutions. So this is where we are defining
• 36:10
  the problem. Bill Burr's explaining it very
• 36:13
  well. And moving forward, maybe we'll
• 36:16
  get more comedians talking about the Federal Reserve.
• 36:18
  Let's go. How do I think?
• 36:21
  Jump in. Yeah, I mean, dude again, dude.
• 36:25
  Like, the more comedians, the more people, the more people
• 36:28
  start. I'm telling you, I told you
• 36:30
  stories about my personal experiences.
• 36:32
  Like kind of like I'm. I'm feeling that people saying
• 36:35
  like what the what the F is gone what what is happening with
• 36:37
  inflation and that question inevitably leads to what is
• 36:41
  money. That inevitably leads to the and
• 36:44
  and here's the most dangerous question like this is the
• 36:46
  question that I they will not be able to answer.
• 36:48
  Like once this question is in the you know the mainstream
• 36:52
  consciousness it's game. It's game set and match and and
• 36:55
  it's like money doesn't have to lose value.
• 36:59
  Like that's the crazy part. Like the fact that people take
• 37:01
  that as if it was some type of, you know, Mother Nature, like
• 37:05
  this is how things are. You can't change that.
• 37:08
  Like that is how we win. Like we just have to highlight
• 37:13
  that, that, that that they don't have a response to that.
• 37:16
  They don't have an argument to that.
• 37:17
  There's nothing they can say in order to spin that because it
• 37:22
  what it is, it's it's it's taxation.
• 37:25
  But it's what's the the the old saying from from the
• 37:29
  Revolutionary War it's taxation with that representation.
• 37:31
  Like is this taxation that no one agreed to.
• 37:33
  You didn't agree to this, right? This isn't something that was
• 37:36
  voted on like you can talk about income tax, you can make you
• 37:40
  can. That is a whole other debate,
• 37:42
  right? We don't even bring up the
• 37:43
  income tax debate, right. Some people feel some way about
• 37:46
  it. Other people feel another way
• 37:47
  about it, but the inflation tax is taxation that no one has
• 37:55
  agreed to. And and more importantly, it's
• 37:58
  taxation that no one is aware of.
• 38:01
  Like they're not even aware of the fact that they're being
• 38:04
  taxed in the 1st place, right? So anyways, all right, guys,
• 38:08
  let's move on to the culture. We have a lot to talk about.
• 38:10
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• 38:40
  tell you about the Pacific Bitcoin Festival.
• 38:43
  It's coming up. It's literally October 5th
• 38:45
  through the 6th. You definitely don't want to
• 38:48
  miss the biggest Bitcoin sell the biggest Bitcoin celebration
• 38:52
  on the West Coast, the Pacific Bitcoin Festival.
• 38:56
  Current speakers include Jimmy Song, Lynn Alden, Greg Foss,
• 38:58
  Alex Godston, Corey Clips and Preston Pitch.
• 39:00
  Stacy Herbert, Max Keiser, Stefan Lovera and many, many
• 39:04
  more. You definitely don't want to
• 39:05
  miss the Pacific Bitcoin Festival.
• 39:07
  You can use promo code simply to get yourself a major discount on
• 39:11
  the tickets. I think it's like 21% so it's a
• 39:14
  it's a nice nice chunk. Anyways, Opti, what are we
• 39:16
  talking about today, bro? Yeah, so of course we have our
• 39:20
  guest box and we usually like to get the guest Bitcoin story.
• 39:25
  So let's just start there. And then I got a list of stuff
• 39:28
  that Box wanted to touch on and highlight.
• 39:30
  But Box, how did you become a Bitcoiner, and why are you so
• 39:33
  obsessed with Bitcoin? Yeah, man.
• 39:36
  Thanks for having me on. Especially just as a random
• 39:38
  club. I think that's awesome.
• 39:39
  You guys are doing that. So I, I, I love the show Silicon
• 39:42
  Valley. I don't know if you guys ever
• 39:43
  saw that show on HBO, so back in.
• 39:47
  It was 2017 or so they had that. The one programmer who would
• 39:52
  listen to the song You suffer by napalm death who would blast it
• 39:56
  through the office. But this 2 seconds you remember
• 39:58
  this clip. Anyone see this?
• 39:59
  Yeah yeah like 2 second metal song and that was his.
• 40:03
  That was his notification to tell his Bitcoin miner remotely
• 40:07
  to turn on or off because the price went up or it went down.
• 40:09
  So it was profitable enough to mine.
• 40:12
  Heck is this. But that's why I heard about it
• 40:14
  then. And.
• 40:16
  Bought some sold some 2018. Didn't do much tension COVID
• 40:19
  2020 got into podcast said what the heck is this the happening
• 40:23
  what happens is the buzz around the happening brings people in.
• 40:25
  We're going to see that coming up here next year.
• 40:27
  But you know just thought of it as an investment initially But
• 40:32
  then I I guess I heard on the podcast you got to go on
• 40:34
  Twitter. So I went on Twitter, made made
• 40:36
  some names. I had a couple of names that I
• 40:38
  built up to like 1000 and then you get built up to 1000 and
• 40:41
  then you get, and I had no intention of talking about this
• 40:45
  with real life people. I was just like, this is crazy,
• 40:47
  this is, this is, you know, I feel like a crazy.
• 40:51
  It's not crazy. It's actually very sane.
• 40:52
  But I feel crazy because no one else agrees with me, right.
• 40:55
  And with them. What happened?
• 40:58
  I was watching this PBS documentary on the Fed Frontline
• 41:03
  and they asked the interviewer, you can go look it up some
• 41:07
  YouTube. They asked the interviewer, You
• 41:09
  know, aren't you worried that you're increasing wealth
• 41:11
  inequality by putting all this money And you know what Jerome's
• 41:14
  power, his response was? Well none of the political
• 41:19
  represent like basically medical politicians are coming to me
• 41:23
  with that complaint. So therefore we're not concerned
• 41:26
  about that. And that for me, was it.
• 41:29
  Okay, this is worn out because you're that's BSI know the
• 41:32
  people. So I spent about the last 10
• 41:35
  decade or so living in the hood in Philadelphia, living in
• 41:38
  Kensington, which has recently gone vital for all the crazy
• 41:41
  fentanyl and heroin and all that.
• 41:43
  And a lot of my friends, neighbors are folks who are just
• 41:47
  living pictures of paycheck, you know, very, very just struggling
• 41:51
  to survive. And the idea that those people
• 41:53
  will understand the problems with the Federal Reserve, bring
• 41:56
  it to their local council and their representative, that those
• 41:59
  people will understand it. So the Federal Reserve with all
• 42:02
  your 10s of thousands of employees, analyzing, you know,
• 42:06
  analyzing whatever you analyze, you're going to just rely on the
• 42:09
  politicians to to understand this stuff and come bring it to
• 42:12
  you. That's, that's.
• 42:13
  And it was at that moment, I was like, OK, this is, this is
• 42:16
  rigged. This is this is the X like, I'm
• 42:18
  not going to play this game. I need to.
• 42:20
  And I I appreciate everybody who's anonymous, but there's a
• 42:24
  need for those of us who are not enough.
• 42:25
  So we need both, I think. And I said, you know what, I'm
• 42:28
  not going to be. And so that's maybe, you know,
• 42:30
  my thoughts for anyone out there who's wondering whether they
• 42:32
  should speak up at their job or speak up, you know, at their at
• 42:36
  their place of work, at their family, not want to be the crazy
• 42:39
  one. It's like this is a moral
• 42:42
  imperative. This is something we have to do.
• 42:44
  We have to restore the Ledger. The, the, the, the Ledger of all
• 42:50
  money, right, The stateless Ledger, the government free
• 42:53
  Ledger. We have to build that so that we
• 42:56
  don't have to rely on this corrupt system anymore.
• 42:59
  And and that's going to take us speaking up and actually putting
• 43:02
  our name in our face to a number of us, not everybody because we
• 43:05
  need the handons for war time especially.
• 43:07
  But anyway that's that's been my journey.
• 43:10
  So it's been a couple years now running nodes and you know,
• 43:13
  getting all going all in as far as my own savings and all that.
• 43:16
  But I just love what you guys are doing here and that's been
• 43:20
  my journey. So thanks.
• 43:22
  Appreciate it bro and and yeah I couldn't agree more with the
• 43:25
  like a non statement as well like I I really do believe
• 43:28
  there's a need for a non bitcoiners and then also
• 43:30
  publicly facing bitcoiners that are you know very adamant and
• 43:34
  and vocal about Bitcoin and you kind of brought up something and
• 43:37
  and we did have it in the show notes here and it's the idea of
• 43:40
  of orange Pilling do I I, I'm. Falling into the thinking of is,
• 43:46
  is this like a chicken or egg problem in the sense of like can
• 43:50
  you actually orange pill someone or do you orange pill yourself?
• 43:53
  What's your thoughts on this? Well, you can certainly you.
• 44:02
  Yes, someone has to orange pill themselves, but you can
• 44:04
  certainly put a lot of opportunities for them to think
• 44:07
  about it. How about that?
• 44:09
  Yeah. OK.
• 44:10
  All right. I like that, as I always say.
• 44:13
  Plant the seeds and accept the ideas of freedom, money, and
• 44:17
  maybe even like what is money? You know just work your way down
• 44:20
  and and you're not going to force it, you're not going to
• 44:22
  beat into someone's head overnight.
• 44:23
  So multiple exposures, multiple exposures.
• 44:27
  But really it's it's true what they say.
• 44:29
  You hear this in some of the the, you know, high inflation
• 44:32
  country because the people who are just people who for whom
• 44:34
  savings are not even the same can't hear the Bitcoin is
• 44:37
  savings message. They really can't because saving
• 44:40
  system is not what you even, it's not even on on an option.
• 44:43
  So I think I think for those for those folks that particularly
• 44:47
  susceptible and I'm worried about the next wave of the the
• 44:50
  hype coins and the scam coins and we can talk about that too.
• 44:53
  But yeah I mean there's there's there's certainly a need for
• 45:00
  personal responsibility to actually understand it.
• 45:02
  What I like to talk about is, is not just adoption, but also
• 45:05
  absorption. That's what also will get
• 45:08
  exposure to Bitcoin without even knowing what it is, right?
• 45:12
  I think that's really ultimately where a lot of these folks are
• 45:14
  gonna are gonna be able to save some of their some of their
• 45:17
  savings to preserve some of their wealth is through
• 45:19
  absorption, through exposure, through other means, owning
• 45:24
  anything that has any Bitcoin exposure.
• 45:27
  Interesting. Could you elaborate on this idea
• 45:30
  of absorption, absorption. What do you mean by that?
• 45:33
  Well, I'm talking about really. This is controversial.
• 45:36
  I actually don't even know y'all's position on this, but
• 45:39
  back in our case, talking about back in the dollar with Bitcoin,
• 45:42
  right? I think that'd be the primary
• 45:44
  one, not he wouldn't be backing it 1 to one, right?
• 45:47
  He's talking about 1% or I think he said Bitcoin and gold and
• 45:50
  metals. But this idea that Nico was
• 45:52
  talking about the Overton window, this idea of, you know
• 45:55
  little by little we can actually start to introduce.
• 45:58
  You could even argue that you know when Tesla bought some, the
• 46:01
  SMT is now partially has some Bitcoin exposure, right?
• 46:04
  So as we get companies buying it, as we get the Federal
• 46:08
  Reserve, I'm sorry, the federal government holding some of their
• 46:10
  balance sheet, which they kind of already do right through the
• 46:14
  stuff that they, these are all small ways of gaining exposure
• 46:18
  that we're watching them grow over time through the actual
• 46:21
  dollar itself. Interesting, Okay.
• 46:24
  All right, let's move on to the next topic.
• 46:27
  And it kind of goes back to the initial conversation here in the
• 46:30
  numbers. And it's I think the 1st place
• 46:33
  you start or at least fall down the Bitcoin rabbit hole is the
• 46:36
  idea. When you ask yourself the
• 46:38
  question, what is money? And you were talking about Lynn
• 46:41
  Alden's book, I forget what the new book is, but you wanna you
• 46:44
  wanna touch on that idea? What?
• 46:46
  What's she, what's she talking about in that book?
• 46:48
  And is it opening up new perspectives on things?
• 46:51
  Yeah, yeah. And she's not.
• 46:53
  I'm not getting any paid sponsorships or anything but
• 46:55
  this is a good book. It's big and it's intimidating
• 46:58
  but short chapters which I like because you can always see how
• 47:01
  far it again. So the big I mean there's a lot
• 47:03
  in there a lot of the covers. Some of the covers ground we've
• 47:05
  seen in other books so it's not as though everything needed as
• 47:08
  brand new as you've already read you know Bitcoin Standard and
• 47:11
  two other books like that. But the big idea that I've spent
• 47:13
  last month but I think it's really cool is her concept of
• 47:17
  she's saying basically how everything is is ledgers even
• 47:20
  natural. My commodity money is Ledger
• 47:22
  that is controlled by nature and in gold if you're if you're
• 47:25
  using that as your Ledger quote but no one knows the full amount
• 47:29
  of gold, the full accounting of who has which gold.
• 47:31
  But the physical possession is your entry onto this natural
• 47:33
  Ledger. So the realization that all
• 47:35
  money whether it's just me saying hey I owe you a soda,
• 47:38
  that's a debit in the credit, right.
• 47:40
  We just create and we're the only ones who own that Ledger,
• 47:43
  our relationship governments in terms of that.
• 47:45
  The realization for me has been that all money is a Ledger, it's
• 47:51
  just different ones, even the even the gold, even the the
• 47:54
  commodities. So and by Ledger what I'm
• 47:57
  talking about is that's kind of like an accounting term.
• 48:00
  There's who is it and what's the debit and what's the credit.
• 48:03
  And that's pretty much it's just a just think of a spreadsheet
• 48:06
  and it's literally what what Bitcoin is, is the ultimate
• 48:09
  spreadsheet that we can all use that no one can control.
• 48:13
  And all the money is just that. It's just that this is the only
• 48:16
  one that no one can control that we all have complete access to.
• 48:21
  So it's ledgers all the way down has been.
• 48:23
  I don't know if she wouldn't necessarily put it that way, but
• 48:25
  that's been how I've been thinking about it.
• 48:28
  You know, the realization that when when you have a Ledger,
• 48:32
  what do you gain by changing the unit of account on that
• 48:35
  inflation? What what does that do?
• 48:36
  It doesn't do anything. It's it's all about exchanging
• 48:39
  you to me, you to me, you with different, with different types
• 48:44
  of parameters around those exchanges.
• 48:47
  And it's obvious when you think about it that way.
• 48:48
  When you zoom out to everything as a Ledger that the best
• 48:51
  Ledger, Once we have a global world, a completely connected
• 48:54
  world, the best Ledger, the most essentialized Ledger, no one
• 48:57
  controls, that's gonna be the winner.
• 48:59
  That's gonna be the one we all end up.
• 49:02
  With I love that. Also the most transparent Ledger
• 49:05
  I think people will gravitate towards.
• 49:07
  And yeah, man, everything is a Ledger.
• 49:10
  Again, I I love having these conversations because we
• 49:14
  constantly iterate on ways to explain Bitcoin.
• 49:17
  The simplest in in the layman's words.
• 49:19
  So like the average person could get it And the more bitcoins we
• 49:23
  have, come on, you know, they don't try to be like too think
• 49:25
  boy about it. It's just like look bro, it's a
• 49:27
  Ledger. You want to use a transparent
• 49:29
  Ledger. You want to use a Ledger that no
• 49:31
  one can, you know, distort and you want it to be a global
• 49:35
  Ledger so we can all tally who owns what.
• 49:37
  And it's just like it's so simple, man it.
• 49:41
  It's almost as if the name of the show is simply Bitcoin.
• 49:44
  Simple Bitcoin? Man, but yeah man, dude, it's
• 49:51
  really, I agree with Opti's statement.
• 49:54
  So hard, right? Cuz nothing I talk about.
• 49:57
  We talk about this off here all the time, dude.
• 50:00
  It just works. It's like it's pretty simple
• 50:03
  like you know, take self custody of your key, of your of your
• 50:07
  coin, run your own node. I definitely recommend the one
• 50:11
  that I run personally which is the start and eye.
• 50:14
  They make amazing stuff over there.
• 50:17
  You could check the the link in the description if you're
• 50:19
  interested. But but yeah, it's you know it's
• 50:24
  so simple, just like. Take Bitcoin into self pussy.
• 50:28
  Look the node. The node thing is like another
• 50:30
  step. Like you will eventually want to
• 50:32
  run your own node. Just buy your own thing cuz
• 50:35
  you're going to start quite asking questions like okay if if
• 50:38
  I don't run my own node then I'm trusting someone else's.
• 50:41
  I'm daxing basically my balance to to you know to a random node
• 50:47
  they know. Basically, you know the the, you
• 50:50
  know they could surmise how much coins you have, where where
• 50:53
  you're sending them to, what addresses they're at.
• 50:57
  So eventually all roads lead to full self sovereignty, which is
• 51:03
  running your own version of Bitcoin, right, and taking your
• 51:07
  keys into self custody. Stop trusting other people now
• 51:11
  that we have the technology. For you not to have to do that
• 51:15
  like before, it was pretty freaking difficult.
• 51:18
  Like there was no good solution. Like there's only so much cash
• 51:22
  you can carry on your person. There's only so much gold you
• 51:25
  can carry on your person. Gold is heavy as fuck, right?
• 51:28
  So, you know, they came up with the banking system.
• 51:32
  You know, the problem is that they have government
• 51:34
  specifically like. The government and banks, you
• 51:36
  could say they've abused this, but I don't really blame them.
• 51:39
  Like you have a system of misaligned incentive structures
• 51:42
  and I think people are just acting on their own incentives.
• 51:45
  Anyways, everybody, let's get to the meme review.
• 51:47
  We got a lot of memes to review. Let's check it out, the Daily
• 51:53
  Meme Review. Brought to you by Kaboom Racks.
• 51:56
  I get this question all the time.
• 51:58
  Nico, where should I buy Bitcoin miners?
• 52:00
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• 52:03
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• 52:17
  Kaboom racks. Kaboom Racks.
• 52:21
  Well, you already know the deal guys.
• 52:23
  This is the main review where you tagged me in memes.
• 52:26
  I've been telling you to tag me out the simply Bitcoin TV.
• 52:29
  Twitter account, but it's been getting kind of hectic lately so
• 52:31
  maybe if I miss it, tag me on the on my personal Optimist
• 52:36
  fields account and I'll get to your memes.
• 52:38
  Also you can drop them in our telegram group.
• 52:41
  We have a lively telegram group in that.
• 52:43
  I think we're almost at 1000 in there so shout out to everyone
• 52:46
  that hangs out in there. Good conversation with a bunch
• 52:49
  of bitcoiners and this is a fan favorite.
• 52:51
  Guys, memes are powerful because we have the truth on our side.
• 52:55
  Because they make you laugh. Because.
• 52:57
  They explain and then set the ideas of Bitcoin.
• 53:01
  Even though old man BTC in the chat says that memes, the meme
• 53:04
  review is degrading the signal. This is the fan favorite.
• 53:06
  This is why people come to the show.
• 53:08
  They they spend the whole time just to get their memes on the
• 53:11
  show. Anyways, drop your meme review
• 53:12
  score in the chat and we will review them live.
• 53:16
  Anyways, this 1st meme is by love is Bitcoin 21.
• 53:19
  Or maybe it's not them, because I think they just.
• 53:22
  Regurgitate me, but it's attributed to Love is Bitcoin 21
• 53:26
  and you can see Michael Saylor here and he's bored.
• 53:28
  He's just like, yeah, I think this is at the Bitcoin Mag
• 53:32
  conference in Miami last year and he's just bored and he sits
• 53:36
  like I should smash by 1K Beatcoins just to feel
• 53:39
  something. This is the way I I mean first
• 53:42
  and foremost, I wish I could smash by 1K bitcoins like it was
• 53:45
  nothing, but I'm sure. Sailor doesn't get the dopamine
• 53:49
  rush that we do when we do our DCA, but hey, he's got a DCA in
• 53:52
  bigger chunks. It is what it is.
• 53:54
  Anyways, this next meme is by meming Bitcoin, and it kind of
• 53:57
  relates to what Vox was saying in the culture of just like how
• 54:01
  easy Bitcoin really actually, we've been saying it all day.
• 54:03
  Like just how easy Bitcoin is. And people over complicating
• 54:07
  things and we got a I forget what this guy is it's the
• 54:10
  Spiderman. He's like the octopus guy and on
• 54:12
  the top he's like he you know he's yelling ah why And it goes
• 54:16
  people saying that Bitcoin is too complicated to work And then
• 54:19
  him him on the bottom on the green screen dancing and it goes
• 54:21
  people sending an e-mail using Twitter and watching Netflix
• 54:24
  with no idea how they work. Oh man I I wish we can inject
• 54:29
  this meme into more people's brains.
• 54:31
  The normies brains obviously because it just.
• 54:34
  It really blows my mind. You know, like, oh, I'm, I'm
• 54:37
  becoming more broke. It's like, hey, I got Bitcoin
• 54:39
  and then like, oh, that's too complicated.
• 54:41
  It'll never work. And yet they're using everything
• 54:45
  in the modern world without knowing how they actually work.
• 54:47
  They it just works. Same same with Bitcoin.
• 54:50
  Anyways tangent off here is Bitcoin Sapiens and he goes it's
• 54:54
  an AI warrior with Bitcoin logo on his chest, Bitcoin armor and
• 54:58
  it goes. It's impossible to dig 500 hours
• 55:00
  down the Bitcoin rabbit hole and not become a maximalist.
• 55:04
  Let's go. OK this next one is by Michael
• 55:06
  Blast Mike Tampa 69 and he goes at simply Bitcoin TV.
• 55:11
  Is now a good time to buy? And oh I guess this might be a
• 55:15
  toxic bitcoiner at toxic bitcoiner and we got a guy here
• 55:18
  you know he's drinking his coffee, he's all smug and he
• 55:21
  goes is now a good time to buy As he watched the price fall
• 55:24
  from 69 K to 18K? Peter with cathartic thanks to
• 55:28
  his above average IQ he successfully avoided the Bitcoin
• 55:31
  scam since it was only $3 LOL. There's so many people out there
• 55:35
  just like this like a Bitcoin just scam.
• 55:37
  I've been watching it since it was a penny and now it's in the
• 55:42
  20 KS and like it's gonna. Implode.
• 55:44
  It's two lips. It's going up forever, Laura.
• 55:46
  Anyways, this last one is by Big Sean Harris, and I really like
• 55:50
  this one. Big Sean.
• 55:51
  I actually had one of your other memes this morning, but I
• 55:53
  replaced it with this one. And he goes.
• 55:55
  When truth is deemed as misinformation and uncensorable,
• 55:58
  money becomes necessary. Hashtag Bitcoin.
• 56:00
  And we have a king here on his stoop, here on his.
• 56:04
  I don't know what you call it On his throne, above the plebs and
• 56:07
  he goes, the truth shall spread. And we just got one of you guys
• 56:10
  out there. The Bitcoin are out there and he
• 56:12
  goes when truth is deemed as misinformation and uncensorable,
• 56:15
  money becomes necessary. And then the king says you're
• 56:18
  crowned king. This is the way we have the
• 56:20
  signal. Bitcoin stays winning, Bitcoin
• 56:22
  incentives are pure and the world is about to get on the
• 56:26
  Bitcoin standard anyways. Drop your meme review score in
• 56:28
  the chat over there on the other side of everyone and we will
• 56:31
  cover them live. That's wow.
• 56:32
  My main review score for today, Nico is a single match.
• 56:39
  I'm gonna give it a hotel ice bucket.
• 56:42
  Wow. Yeah.
• 56:44
  Yeah, yeah, I'm gonna give it. This year, flexing on us,
• 56:49
  flexing on us, flexing. On us.
• 56:52
  That Hawaiian. That Hawaiian view, Man, That's
• 56:55
  awesome, dude. Super, super beautiful.
• 56:57
  Anyways guys, before we get to the live chat and start reading
• 57:01
  some of your scores, guys, check out the Simply Bitcoin merge.
• 57:05
  It just dropped. All you got to do is literally
• 57:07
  scan the QR code. Someone asked like what does
• 57:09
  that mean? That means like you pull up your
• 57:11
  phone with your camera and it will take you to drink a link
• 57:14
  and it will take you to directly to the Simply Bitcoin website.
• 57:17
  You can get this orange hoodie just dropped.
• 57:19
  Get it while supplies last. You definitely, definitely don't
• 57:22
  don't want to miss this drop. You don't want to miss this
• 57:24
  drop. All right, wine.
• 57:26
  I hope you're happy. All right, moving on to the
• 57:28
  scores, Opti. Let's, let's.
• 57:31
  Pull I don't think. I think there's the delay, long
• 57:35
  delay today. So they're still coming in.
• 57:37
  They're still coming in. Allegedly.
• 57:41
  Are you sure? We.
• 57:44
  Ran out of time anyways, I bet. Oh, wait, now.
• 57:53
  Here we go. Wait, wait, wait.
• 57:54
  Hold on. They're here.
• 57:55
  They're here. They're here.
• 57:56
  All right. Damn, they'll delay.
• 57:59
  Today was gnarly. Holy crap, what's that like 45
• 58:06
  second delay anyways? Hammer saw says I give the memes
• 58:09
  a liquor and cigarette stashed away to trade for Bitcoin during
• 58:13
  hyperinflation. They're just coming in now.
• 58:15
  Crazy hyperinflation. Goat turquoise white horns.
• 58:19
  OK. All right.
• 58:20
  The. Next one, I don't think.
• 58:22
  I don't think we can read some of these y'all.
• 58:26
  Wild Bitcoin comedians become a thing.
• 58:29
  Laughter. Orange pills.
• 58:30
  The nation absolutely love it. Next one by Robert Vermont. 1/5
• 58:36
  of Tito's that Tito's Vodka meme Score 12:15 Eastern Standard
• 58:42
  Time. Okay okay.
• 58:44
  I get it. I'm sorry.
• 58:45
  I apologize. Mclovin Opti will have a badass
• 58:50
  handlebar mustache by the having.
• 58:52
  Fake news can't grow mustache. Kim, I cannot say that, but
• 58:56
  that's hilarious. BTC is truth.
• 59:00
  I score the memes. Joe Biden stacking stats.
• 59:06
  All right, all right, guys, if you enjoyed the show, you know
• 59:10
  what to do. Smash that like button.
• 59:14
  Consider subscribing if you feel like we provided you value.
• 59:17
  No, no, no, no Opti. This is the this is the weekend
• 59:19
  sign off. Okay.
• 59:20
  I'm your host Nico. This is my awesome cohost Opti.
• 59:24
  Hope you guys enjoyed the enjoyed the Simply Bitcoin this
• 59:26
  week. It's been a little bit hectic.
• 59:28
  I think this is the first time, no, we've recorded Simply
• 59:32
  Bitcoin on the West Coast before Opti.
• 59:33
  We did that Pacific Bitcoin last year.
• 59:35
  Yeah and yeah. We've done it before.
• 59:38
  We've done it. Before, so this isn't the first.
• 59:40
  I guess it's the first time for me in a hotel room on the West
• 59:43
  Coast. It's a little different when
• 59:44
  it's early in the morning, huh? It is a little bit different.
• 59:47
  I'm a lot less like I don't have the energy that I would have at
• 59:51
  like noon. But anyways, it's interesting.
• 59:54
  I also want to thank our our guest Vox.
• 59:57
  Thank you so much for joining us today, bro.
• 59:58
  We really appreciate it. Why don't you?
• 1:00:00
  Why don't you tell everybody where they can find you on the
• 1:00:02
  interwebs and what you're working on these days?
• 1:00:05
  Yeah, Vox Popoli 86, that's me on Twitter and same thing on
• 1:00:11
  Instagram I'm working on. Totally unrelated, I'm working.
• 1:00:15
  You can follow me there. I'm gonna drop drop in a heavy
• 1:00:18
  music album soon, but not big fun related at all.
• 1:00:23
  You can check that out. But thanks a lot for this.
• 1:00:25
  You know, this is an awesome, awesome show of what you guys
• 1:00:27
  are doing. So appreciate you having me on.
• 1:00:29
  Thanks everybody. Appreciate you joining us, man.
• 1:00:31
  I really, really do. All right, guys, you know.
• 1:00:36
  Have an amazing weekend and we'll see you back next week for
• 1:00:42
  another episode of Simply Bitcoin Live and should be
• 1:00:47
  interesting. Every week in Bitcoin, bro.
• 1:00:49
  I always fear, I always feel every single week like I've been
• 1:00:53
  doing this for three years now, three years straight, every
• 1:00:56
  single week on Monday, I always feel like we're not going to
• 1:00:59
  have anything to talk about this week.
• 1:01:01
  And every single week there's there's, there's always, always
• 1:01:04
  news. And that's awesome.
• 1:01:06
  And next year's the election. So holy, is that gonna be crazy?
• 1:01:11
  Man, What a worlds. All right, guys, Love you all.
• 1:01:14
  I'll see you guys on Monday for a brand new episode of Simply
• 1:01:17
  Bitcoin Live. Peace out.
• 1:01:18
  Y'all.