Latest / Simply Bitcoin / Is US Miner Concentration a Threat to Bitcoin? | EP 582

Transcript

Is US Miner Concentration a Threat to Bitcoin? | EP 582 · Simply Bitcoin

0:00
Yo, welcome to Simply Bitcoin. Live today is September 20th.
0:22
2022, we are your number one source for the peaceful.
0:24
Bitcoin Revolution recover, the breaking news culture.
0:27
Me Matic Warfare, we will show you.
0:29
Why only When can give you true Financial sovereignty.
0:32
And when we say that, we obviously mean freedom.
0:34
But anyways, I want to introduce our very special guest today.
0:38
How you doing, Scott, Scott is throwing the coin mining
0:42
conference in the mining conference.
0:46
Better said in Texas, are you doing Scott?
0:49
That's right. Doing awesome today.
0:51
Thanks for having me on super happy to have you.
0:54
We're going to talk about a variety of subjects.
0:56
The mining conference is interesting because there's
0:59
going to be a A lot of pro Bitcoin politicians that are
1:03
going and it's going to offer interesting.
1:05
It's gonna definitely if you care about mining, if you care
1:10
about the recent political announcements by the White
1:13
House, that's definitely the place to be, that's definitely
1:16
where you're going to get a lot of your questions answered.
1:18
We're going to ask some of those questions to Scott today, but
1:22
it's going to be a great show. But first, I want to introduce
1:24
my co-host. You guys all know him, he's very
1:28
optimistic. How you doing up?
1:29
Thomas, what's up, Nico? What's up, Scott?
1:32
Yeah, man. Happy to be here.
1:34
It's a good Tuesday. I told Nika I was a little tired
1:38
this morning but now I got more energy.
1:40
Your boys, your boys, route up. So I'm excited for this show.
1:43
And yeah, since we got Scott in here, I think I'm going to take
1:47
today's daily cultures and opportunity to kind of, you
1:50
know, go over some basic mining stuff.
1:52
How my sister and Mom and like, on tour are watching this show
1:55
now and I'm just thinking of them and I understand that they
1:58
probably have no idea. What mining is we're going to
2:01
get back to the basics. I'll ask you some questions and
2:05
we'll give them the give the people some sauce out there.
2:08
Awesome. IM be a great show.
2:10
Then me a great show. Let's do this.
2:11
That's let's, let's get two numbers.
2:16
Number two, brought to you by. Not all at this point.
2:19
You should be running your own Bitcoin note.
2:21
If you don't use your own Bitcoin node, you're trusting
2:24
someone else is run your own version of Bitcoin core.
2:27
The lightning Network, whirlpool, and Dojo all from the
2:30
comfort of your own home. And if your digital Nomad, you
2:34
have absolutely no excuse because now you can run a novel
2:37
through a virtual private server.
2:38
Visit not O.E you today at the time of recording, the Bitcoin
2:42
price is 18 sites per dollar 5230.
2:47
One block height 754 1963, reachable Bitcoin nodes.
2:53
Fourteen thousand sixty, two blocks to The Happening 85,000.
2:57
37, having estimate April 22nd 2024 total lightning.
3:02
Network capacity for 1795 capacity value, 91 million USD
3:09
realized monetary inflation. Taking the US dollar to Absolute
3:12
School 1.78 percent. Market capitalization 366
3:18
billion dollars with a be. Anyways, I want to talk about
3:24
this is something that we've been talking about over the
3:27
last, basically, this week since the White House made it clear
3:32
that they are against Bitcoin proof-of-work mining that they
3:35
were going to make the regulatory bar so high.
3:38
That it becomes basically unfeasible for Bitcoin miners,
3:42
or at least that's what they want to try to do.
3:44
And what they also recommended conveniently is Central Bank,
3:48
digital currencies are the end-all be-all and this is
3:51
another statement that I haven't read for you guys.
3:54
There was so many last week, right?
3:56
There is one by the White House. There's one by the doj, there
3:58
was one by the treasury Department.
4:01
So many announcements we're trying to get through them all.
4:04
Anyways let me read some of this.
4:06
There's a lot of signal in here. Here it says while the US has
4:08
not yet decided whether it will pursue a CBC the US has been
4:11
closely examining the implications of and options for
4:14
issuing a CB DC. If the u.s. pursued a CBC, there
4:17
could be many possible benefits such as facilitating efficient
4:21
low-cost transactions. Right.
4:23
It's a little bit of a jab fostering greater access to the
4:26
financial system. Boosting economic growth and
4:29
supporting the continued centrality of the u.s. within
4:32
the International Financial system.
4:34
However, at USC, BDC could also introduced a variety of risks as
4:38
it might affect everything ranging from the stability of
4:40
the financial system to the protection of sensitive data,
4:44
right? Doesn't mention how it could be
4:47
used as a tool for total control total totality Aryan control.
4:51
They also note that a u.s. CBC should be sustainable.
4:54
Avoiding the environmental concerns raised by some
4:57
privately issued digital assets. Another jab at Bitcoin and they
5:02
know a u.s. CDC should be functional and
5:04
provide a good customer experience so that all Americans
5:08
can truly benefit. So let's check out this video.
5:11
This very famous video by Augustin Carson.
5:13
Where he says the it part out loud.
5:15
Let's check it out. If the key difference in with
5:19
the CBC is the central bank will have absolute control on the
5:26
rules and regulations that will determine the use of that
5:30
expression of central bank's liability, that sounds terrible.
5:39
I don't know why anyone would want to do that.
5:41
I don't know why anyone would want to agree to that and I
5:44
think the misrepresentation Mission.
5:47
That was most alarming to me, was they completely skimmed over
5:53
all the cons? They skip, they completely
5:56
skipped over all the potential bad effects of giving that of
6:00
the government giving so much control and at the same time
6:03
they're continuing to use climate as a narrative to attack
6:07
Bitcoin. Keep in mind, this is the name
6:10
is the same climate policies policies.
6:12
That is most likely going to send Europe Into the Dark Ages
6:15
this this winter. Right.
6:17
So Scott I'm very very interested in courious to know.
6:22
What are your thoughts on? What are your thoughts on all
6:23
these recent announcements by the White House?
6:26
Yeah now it's great that there's discussion taking place because,
6:32
you know, it's publicity people are talking about it.
6:34
So you know, hopefully that is good for Bitcoin adoption but
6:39
you know, on the other end. Yeah, you know.
6:41
So what people are saying is something like etherium, you
6:46
know, they can never Go net - from a carbon footprint
6:51
standpoint but now, you know, Bitcoin can because we can
6:57
actually be using that methane. And that, and that carbon, that
7:01
reducing the carbon through Bitcoin mining and, and working
7:06
towards stabilizing the grid. But, you know, it's from what
7:10
I'm understanding. What I'm hearing etherium, can't
7:13
really do that anymore because it's not based on mining
7:16
anymore. More.
7:19
Yeah, but I mean so, but at what point and I think Nick Carter
7:24
did a great part, a great, great medium article kind of calling
7:30
into question. Do you believe that the Rista
7:34
reports last week? We're in a, farias in nature.
7:39
Nefarious or misinformed. So you believe that they're
7:45
still misinformed. There's no, I think there's a
7:48
lot more education that needs to take place for sure.
7:52
That's a good answer Opti. What are your thoughts brother?
7:55
Well guys, I don't have my tinfoil hat on but you already
7:59
know where I'm going, they just the pr spins on cbc's is
8:03
absolutely atrocious and we say it all the time like one of my
8:08
friend Andres he said it and I said it before him.
8:10
It's like we don't even have to read these articles half the
8:11
time because we know where their their bias is coming from.
8:15
But this is our job to counter this stuff.
8:17
And furthermore you know, I think it's becoming very clear.
8:23
Excuse me. That energy is like the queen on
8:26
the chess board. The the fact that they want to
8:29
control energy is the main move that they're going to come after
8:33
Bitcoin with and and furthermore you know Society at large and
8:37
I've been saying for a minute you know then again you can you
8:40
can you can real me back but I've been saying for a minute,
8:42
they want you back in the stone age's and the fact that they
8:45
want you, they want to control your energy.
8:47
She is a very simple move. The, you know, if they can
8:49
control your energy, then they can control human.
8:52
Don't they can control Society. So, again, energy is the queen
8:56
on the chess board, and this is why they are trying to clamp
8:59
down on bitcoin and, and it to energy use and furthermore, use
9:03
the pr spin to present a CB DC as a better alternative or even
9:08
any theorem proof of stake is a better alternative to bitcoin
9:11
proof of work because, you know, on the surface it seems like
9:15
Bitcoin proof-of-work waste, a lot of energy.
9:17
Jean. It's just the low-hanging fruit,
9:18
no one's right. No one's really doing the Deep
9:21
dive diving into the nuances, just headlines.
9:23
And people just read the headlines and they under, you
9:25
know, they get caught up in the emotions of it.
9:27
Also again your bias is showing and it's very obvious to us that
9:31
are paying attention coming for the energy use.
9:35
Yep. Scott.
9:36
You wanna you want to reply that?
9:39
I'll make, I'll hit it differently.
9:44
What, what is our side doing, right?
9:46
You obviously your business you know your your you know, your
9:51
how you earn money, how you maintain your family is
9:54
obviously dependent on bitcoin, the Bitcoin mining industry.
9:58
Yep. What is our side doing two?
10:00
At least help the misinformed. So, what is our side doing to
10:07
help? Geez, I don't know.
10:11
That's a good question. I mean, you know, we got, we got
10:14
people like you, we've got conferences, we've got meetups,
10:20
we got Twitter, you know? I don't know if you've heard of
10:25
been a supporter, he's got the Satoshi action fund.
10:30
So people like him are working directly with politicians to try
10:34
to educate them about about Bitcoin and Mining specifically
10:41
but but yeah, you know, it's interesting.
10:46
You know, since 2017, I mean, I've been making my living off
10:51
of Bitcoin mining or the Bitcoin mining industry really, you
10:55
know, so obviously, maybe I'm a little bit biased.
11:00
Yeah, there's definitely a lot more education that needs to
11:03
take place. And, you know, like you're
11:06
talking about earlier the the mining conference that we have
11:08
coming up in Texas, is a venue for that to take place.
11:16
Does it concern? What does it concern you all
11:19
this messaging from the White House?
11:20
What do you see it? Affecting?
11:22
You potentially, Yeah, I mean, I can't lie.
11:26
It's, it's definitely concerning.
11:31
People are going to think a certain way about Bitcoin and
11:34
Mining. If the first time they hear
11:37
about it, it's all doom and gloom.
11:39
And you know, hey, it's hurting the environment.
11:44
So, so, yeah, you know, I mean, me personally, I've always been
11:47
able to make money and I'm an entrepreneur.
11:50
So, hey, if Bitcoin mining goes away, I'll Find something else
11:55
to do or maybe there's another proof-of-work algorithm out
11:59
there. No, I don't want to speak heresy
12:02
here, but I love Bitcoin, but hopefully Bitcoin.
12:06
Never does anything like, like, what etherium recently has done
12:12
because then it changes everything.
12:15
Yeah, man, it does change everything.
12:17
Hopefully you know, it doesn't get to a point that us
12:21
politicians scare away Bitcoin mining within its borders.
12:25
I think it would be catastrophic and it would be a giant missed
12:28
opportunity for the u.s. Anyways, let's get to the news
12:32
and we'll explore this topic. A little bit deeper.
12:34
Let's check it out. The Daily News brought to you by
12:40
crypto. Cloaks.com, they make the best
12:42
3D printed Bitcoin merge in the game.
12:45
From Custom node cases to keyrings to the famous, 3D
12:50
printed Bitcoin, grenade. Toy comes in any custom color,
12:53
your heart desires you want to in Gold they make it in Gold but
12:57
only on crypto cloaks.com. All right so I want to talk a
13:01
little bit about Scott's conference it's called the
13:04
mining. Since it's in Texas 2022.
13:08
Let's check out some of it. The speaker list includes Pete
13:10
Sessions. Dennis.
13:11
Porter are in Foster, Patrick dots and Nathan Nathaniel you.
13:18
Daniel Works a bit main batch. Of course, A Time ye Aaron works
13:21
at Luxor. Dennis is Satoshi, action fund
13:24
which Dennis is part of the whole effort to fight for
13:28
proof-of-work mining. Obviously Pete Sessions is a US
13:31
Congressman so looks like there is people Ening big
13:36
organizations for mining. It's a good event Scott.
13:40
Why don't you tell a little bit about what this event, who it's
13:43
for why people should go? Yeah, yeah.
13:45
So this event this is actually our second event, it's for
13:49
anybody interested in learning about Bitcoin and also, you
13:52
know, for people who are already established, maybe they work for
13:56
a large Bitcoin mining company just to get together and
13:59
network. So my goal has always been to
14:02
just bring people together in a community.
14:05
And this conference was a culmination of many years of
14:10
working towards this. I first started out in this
14:14
industry working for an Asic minor manufacturer called how
14:20
long mining they made this minor called the dragon.
14:23
Mint tea one. It was a 16 Tara hash minor and
14:27
it was going to revolutionize the world and it out create some
14:32
competition in the in the mining manufacturing industry.
14:36
But just as that happened, Bitcoin was starting to tank.
14:40
So I kind of had to reinvent myself as a broker.
14:44
So I knew a lot of people who were buying minors.
14:48
I knew a lot of people who had miners that they needed to
14:51
offload to in order to buy new miners.
14:54
So I just kind of you know did my thing reinvented myself and
14:58
became a Bitcoin mining machine broker and throughout that
15:04
journey I just started Getting through no more people in this
15:07
industry and saw that there was definitely something lacking
15:12
there wasn't enough places for people to go to to learn about
15:17
this stuff, you know. And there's also people getting
15:20
scammed very easily because they're finding the wrong people
15:25
when they're first starting to get into mining.
15:28
So yeah, you know this this conference was out of an effort
15:32
just to really help to educate people and to create that
15:35
opportunity to network. So what we're doing at the
15:38
conference is really helping people to build mines for
15:43
themselves or to learn how to work in a mine.
15:46
Let's say, if they live in a place, like Texas, or Ohio or
15:51
Washington or New York, where there's a lot of mining going on
15:55
is actually opportunities for people to learn.
15:58
How to be a Bitcoin miner repair technician or or my new form
16:04
operations Tech. So this is the the venue to do
16:09
that? Gotcha.
16:11
No. It from what I think it was
16:15
Brad, that originally told me from what I understand, it's a
16:18
conference that's tailored to help someone who's wants to get
16:22
into the industry specifically mining.
16:25
It's tailored towards getting them on their feet.
16:27
Basically, is that correct? Absolutely.
16:30
So not only that for the new people but you know, for the
16:33
established people in the industry, it's it's a way to
16:37
work through the deal flow. So there's people looking for
16:40
energy. There's people looking for for
16:42
power electricity and there's people looking for a place to
16:47
host their miners. Let's say they have 10 miners or
16:49
maybe a thousand miners you know a good example is at our last
16:54
event in February. That was our Americorps
16:57
inaugural conference. We had a thousand people come
16:59
out. There are people coming from
17:02
China who were basically suffering from the consequences
17:07
of the Chinese government who had just started to ban Bitcoin
17:12
mining. So there were people with
17:16
thousands, almost hundreds of thousands of miners in China,
17:20
that needed to be relocated. So our conference was a place
17:24
where some of these Chinese Bitcoin miners, could go to
17:28
develop relationships with people in the US, Canada, and
17:32
other countries so that they can get their miners out of China
17:35
and and get their hash rate on back online in other countries.
17:41
To and you guys facilitated that through the conference that you
17:44
guys are throwing the networking and all that exactly.
17:47
So this is a Bitcoin show after all, now that etherium basically
17:53
shot itself in the foot metaphorically YouTube.
17:57
The I think it was Captain long that I read this, right?
18:01
94% of all proof-of-work. Mining is now Bitcoin.
18:06
How long until you guys renamed the conference to the Bitcoin
18:10
mining? It, you know?
18:12
So that's an interesting story. How the conference got its name
18:17
in February, the name of the conference was Scott's
18:19
conference, Scotsman and Conference and I did that
18:23
because, you know, hey, I do have a reputation in the
18:26
industry. I've gotten to know a lot of
18:28
people, but, you know, as this thing grows, we found that.
18:33
Hey, let's make this less about a person and more about the
18:37
industry. So we changed it to the mining
18:39
conference Now there is a Bitcoin mining conference called
18:46
the Bitcoin mining conference and I believe brains the guys
18:50
behind / pool, that's now brains pool.
18:54
They were going to have a Bitcoin mining conference called
18:57
the Bitcoin mining conference. But you know with the pandemic
19:01
and everything that came up and the the I think maybe having to
19:06
do with some of the political instability over there, they
19:10
Decided to not have it yet, so maybe something in the future
19:14
for them. But yeah.
19:16
So the Bitcoin mining conference was already taken.
19:20
So we went with the mining conference, okay.
19:24
Yeah. We're just, we're hoping to be
19:26
the industry conference for people to learn all about
19:31
mining. Okay.
19:32
Let me rephrase it then what are you guys going to be an
19:34
exclusive Bitcoin mining conference?
19:38
Yeah I'd have to say that maybe 99% Percent of the content there
19:42
is Bitcoin only it's hard to kind of get rid of some of the
19:48
the people and the projects that are non Bitcoin.
19:53
But yeah, we're together them because there are people in the
19:58
industry who do both right. They mined Bitcoins in mind
20:02
other altcoins or maybe they just provide infrastructure like
20:09
Transformers or Other other things and they're not
20:14
necessarily 100% bought into Bitcoin only so we can only do
20:18
so much to really prevent people from talking about other
20:23
projects and other currencies. But yeah I'd say I'd have to say
20:28
it's probably 99% Bitcoin. Okay, fair enough, moving on to
20:36
have to ask these things. What I made the title of the
20:38
video today and this is This really great article by our
20:42
friends, over a Bitcoin magazine.
20:44
The name of the article is mining concentration in America.
20:47
Poses, a major threat to bitcoin, it's by no other than
20:51
Shinobi says, since the mining Band came to came to China.
20:55
There has been a massive migration of Bitcoin hash rate
20:57
to United States. There have been many narratives
20:59
and pushes from pro-american bitcoiners to continue.
21:02
Attracting more hash rate to the us including pushing to create
21:05
favorable regulatory environments for minors here in
21:07
North America. This has been done on the
21:09
premise of the highwomen. Oracle strength of American
21:12
property rights, which is a big part of why American Capital and
21:15
Equity markets are the biggest in the world.
21:17
He goes on to say, this is a huge miscalculation and is
21:20
something that if successful will have a huge negative effect
21:23
on bitcoin, the long run, the entire game, theory around the
21:26
security of Bitcoin mining is decentralized / distribution.
21:29
They can orphan blocks from other miners preventing them
21:31
from even participating in the system to earn Revenue in
21:33
Bitcoin. They could exclude transactions
21:35
from parties. They do not wish to transact.
21:37
Again, orphaning the blocks from any miners processing such as
21:40
Transaction from the blockchain. They can selectively refused to
21:43
process lightning Channel closures properly.
21:45
They could prevent pegs in pegs out from side chains that can
21:48
entirely break the censorship resistant of the system and
21:52
undermine the security of not only the base layer, but any
21:55
secondary layer built on top of it to scale the system.
21:59
And I think that this is no, it's no longer really a theory
22:03
anymore. Marathon huge public, minor
22:06
actually took it upon themselves to start censoring.
22:10
Ends for the office of foreign assets control.
22:13
The fac though, fac was also the government agency that was
22:17
behind the sanctioning of the open-source software tool,
22:22
tornado, cash. So clearly, I think it is a
22:27
point of concern. Does it worry a little bit that
22:30
we're getting awfully close to that 51%, I think right now
22:34
we're around 38% of the hash rate is in the United States.
22:39
Yeah, yeah. I mean there's more and more
22:41
hash rate moving here, so hopefully that won't be used
22:45
against us or against Bitcoin mining.
22:50
You know, I can't remember if you guys have talked much about
22:53
it but with with etherium, they recently said, Well, because
22:58
most of the nodes are in United States these transaction.
23:02
You know this this is under the, the US jurisdiction.
23:08
So yeah. Something like that.
23:09
Might Might happen with Bitcoin, but I think, you know, when
23:16
there's things that come against us like this, when there's
23:20
turmoil, when there's potential censorship, it, it only helps in
23:27
some ways, you know, it's maybe kind of compared to the early
23:35
Christians were being persecuted, right?
23:38
It only made them want to Go out and be more be martyrs and and
23:44
and push Christianity even further, right?
23:47
So so maybe that's going to happen with with Bitcoin plebs
23:51
and it will just make us want to go out there and research
23:55
Bitcoin even more and and use it peer-to-peer even more than then
24:01
we are now, I agree Opti you want to chime in Well, I mean
24:07
first off. Yeah, I mean I think we got to
24:10
agree with Shinobi that centralization of a hash power.
24:14
In America may not be the best thing, but also as an American,
24:17
I would like to see a lot of hash power in America, you know,
24:19
bring back production to America.
24:22
But decentralised has powers good.
24:24
And, you know, that's kind of why why we were so adamant about
24:29
telling a or actually asking miners like yourself to tell the
24:33
plebs, whether it's a good idea for them to be Solo Mining.
24:37
And of course, I just want to Echo what Scott says, you know,
24:40
like everything's good for Bitcoin as the meme goes.
24:42
So, as we Face these concerns, it will encourage the
24:46
conversations and encourage people to find solutions to
24:50
these kinds of problems. So again, you know everything's
24:52
good for Bitcoin, Bitcoin is our adversarial thinkers.
24:56
So I think the free market will figure this out in the long term
24:59
but in the short-term, these conversations are extremely
25:02
important. So I'm just here for that Nico,
25:05
I'm just here. Or the conversations.
25:07
All right, so let me continue reading from this and then,
25:09
we'll get more of Scott's thoughts.
25:11
As Bitcoin is yet in another ago yet, is yet another existential
25:15
threat to the reserve currency to the benefits of the rest of
25:17
the world relying on its end Tails.
25:19
American government has every incentive to attack or capture
25:23
Bitcoin that than China does even more in the case of the
25:26
threat that Bitcoin represents the US dollar, Bitcoin is a
25:29
fundamental threat to the world order.
25:31
That the American Empire has established.
25:33
If the government seized an opportunity to neuter that
25:35
threat, They will take it. So question is Scott is that do
25:39
you agree with that statement? Do you agree that Bitcoin and
25:46
part of the American I would say Bitcoin is more friendly to
25:48
state governments, that's really my opinion.
25:50
But do you believe they're compatible?
25:53
Is that it was? Do you believe that that
25:56
statement that I just read as an absolute or there more grace?
26:01
Yeah, I mean whether or not the government is anti Bitcoin or
26:08
only Pro CBC, I don't know you know they definitely want
26:16
control and Bitcoin does not give them as much control as
26:21
maybe some of the other solutions that they've been
26:23
pitched. But yeah I don't know.
26:28
I mean there's other countries obviously that you guys have
26:30
discussed as well. Recently like El Salvador, you
26:35
know, hey, they took on bitcoin, they liked it, they're trying to
26:40
implement it United States can as well.
26:49
So whether or not Bitcoin is going to win in the end as far
26:52
as the the most widely Mass adopted digital currency, we
26:57
don't know yet because we're still in the infancy stage of
27:01
this, but it's it's it's possible.
27:06
Bitcoin could be a solution, just like some other
27:10
decentralized digital currency could be, you know, whether the
27:14
government backs it or not. So, So lofty.
27:19
What are your thoughts on that? What are your thoughts on what
27:22
Scott just said? I mean, I was just going to say
27:25
de meme that I've always said on the show before, like, you can't
27:28
ban Bitcoin. You can only ban yourself from
27:30
Bitcoin. And I, I did the culture the
27:33
other day where I don't want to say that Bitcoin is inevitable,
27:37
but it does seem like at this point Bitcoin has become.
27:41
How do I say like Unstoppable? Maybe.
27:45
I don't know that maybe 22 hyperbolic Too strong of a word,
27:48
but I kind of agree with the sentiment that, yes, the US
27:53
government probably is not going to back Bitcoin how El Salvador
28:00
does, and how we'd like it to, considering that the government,
28:05
and the powers-that-be aren't too fond of Freedom right now.
28:10
It seems like we are at. We are becoming, you know, in
28:14
the first round of, then they fight you stage, but You know,
28:18
to be optimistic about it. I would be hopeful and and would
28:22
like to see the pendulum swing the other way and and our
28:25
government endorsed Freedom money because I still
28:28
fundamentally believe in the ideals of America and the land
28:31
of the free and the home of the brave.
28:33
And so I would very much like them to not over-regulate
28:37
Bitcoin and not stifle what we're doing over here, because
28:40
Bitcoin is that important. And if America does want to
28:43
maintain its place as the leader in the world, then, Should
28:47
endorse Freedom money because the dollars trash and I think
28:52
the world is starting to wake up to this idea that they can't
28:56
just rest on their Laurels of world Reserve currency anymore.
28:58
And so if they're going to try to stifle Bitcoin and Bitcoin
29:02
mining, furthermore, like, I feel if there have any brain
29:07
cells left and they're not completely corrupt.
29:09
They will look at what happened in China and the band and
29:12
realize that they can't ban Bitcoin, they could only band
29:15
themselves in their citizens from Bitcoin and they're just
29:17
shooting. Shooting themselves in the foot
29:18
so Bitcoin mining will only just move to another country if they
29:23
try to ban it and yeah you know so Bitcoin mining in United
29:29
States is an opportunity for the United States power
29:34
infrastructure to be developed. You know.
29:37
So yeah Banning Bitcoin mining in the US or making it very very
29:42
difficult for might need to take place here.
29:47
I believe is not really a very positive thing for the
29:50
government to try to do because yeah, you know, Dennis Porter
29:54
says that all the time. Other people say all the time.
29:59
Yeah, you know, we take the cheap power, we take the
30:03
Renewable Power, it could be curtailed, we could turn it on
30:06
and off anytime we need to. If there's a massive ice storm
30:11
or, you know, whatever happens, there's that flexibility.
30:16
That we can turn it off and provide Power to other people
30:21
who need it for other reasons. So, yeah, I think it's only a
30:26
good thing and I think the White House just needs to Find a way
30:29
to work with Bitcoin miners. Do you?
30:33
Why was it? Last question will move on to
30:35
the culture. Why do you think that Bitcoin
30:38
miners flock to the United States specifically versus going
30:44
to other countries after the China ban?
30:49
So they actually did flock to other countries they did they
30:53
did the what a lot went to Kazakhstan.
30:54
A lot. Whatever.
30:55
But we both know that the vast majority came to the US.
30:58
Yeah. I think it came to the US and
31:01
Canada because of the geopolitical risk, you know,
31:07
other countries. There there are dictatorships
31:10
there are there may be War. Yeah, just geopolitically it, I
31:18
think it seemed like a A safe that there are some hash power
31:23
going down to Venezuela, you know, where electricity is
31:26
nearly free. But you have to, you have to
31:31
weigh the pros and cons, you know.
31:33
Could you get your minor stolen in Venezuela?
31:37
Could they have a potentially difficult time?
31:40
Keeping them online. Yeah.
31:43
You know, but are you going to pay two cents for cents or less?
31:48
Yes, Could that potentially increase your profit margin a
31:52
lot. Absolutely, but yeah.
31:56
So yeah, if I think there was enough of a base here in the
32:03
United States for people to work with where, you know, yeah, we
32:06
have people that have Minds. We have people that know how to
32:11
reach out on, on WeChat or whatever platform.
32:15
So I don't know I think it was just natural, you know they're
32:19
Were some other Minds like a bit mean or bit?
32:23
Dear had mines here in United States up and running already.
32:27
So the word just kind of started spreading.
32:29
Hey, you know, Texas has power, you know, Washington has power.
32:36
So it was just a natural progression.
32:38
But, yeah, there are other countries, you know, Iceland and
32:42
in other places. But I think one of the things is
32:45
for the level of risk and for the price that you can actually
32:50
get power for here per kilowatt hour, it just made it a fairly
32:55
reasonable country to do Bitcoin mining business in Russia.
33:00
Okay, so it was basically, they felt that they like the security
33:06
and the United States and they like the business-friendly
33:09
environment. But I like that article by
33:12
Shinobi because it points out the end of the day, I think.
33:15
Specifically Bitcoin because it's the only decentralized
33:20
cryptocurrency in my opinion is a major threat to before
33:26
governments. Never had, they had this total
33:27
Monopoly on the creation of the issuance of money and they were
33:31
able to control huge wads of the population through monetary
33:34
policy. And you know they issued the
33:36
money that everyone else had to work for and then Bitcoin is is
33:41
a threat to that. It's a little silent protest
33:43
saying hey you know it doesn't change anymore.
33:45
Or so, I'm very curious and this hasn't played out yet.
33:48
I think we've seen Rumblings from the White House are is the
33:52
United States going to continue down the path of being friendly
33:56
towards private property rights and towards business, or they
33:59
going to go down the right of totalitarianism in order to
34:03
protect their Monopoly on currency.
34:05
Right? And that I think that's the big
34:07
question here. I am very bullish on the state
34:10
of Texas though. You know the recent Announcement
34:13
by Greg Abbott the recent but the the Billings from Ted Cruz.
34:17
Looks like Texas, might be the Bitcoin Alamos State, and let's
34:22
see. Anyways, let's get to the
34:25
culture. The daily culture brought to you
34:31
by Swan Bitcoin.com, Swan is the best way to build your Bitcoin
34:35
stack with automated Bitcoin savings plans and instant
34:38
purchases serving clients of any size from ten dollars to ten
34:43
million dollars. We love Swan because they
34:45
incentivize self custody and dollar cost averaging.
34:49
What are you waiting for? Visit Swan Bitcoin.com today,
34:54
All right, everybody else. I want to give a very special
34:55
shout-out to Pacific Bitcoins. Me large as Bitcoin conference
34:58
on the west coast of ever 10th to the 11th.
35:00
Los Angeles, California. Speaker list includes Michael
35:03
sailor. Alex Epstein Alan Alden core
35:06
eclipsed in c.j. Wilson, Jeff Booth Dylan Leclair
35:10
guy, Swan Mark Moss Parker Lewis dr.
35:12
Jeff Ross. Nico and Opti are also going to
35:14
be doing a live show from there as well.
35:16
You could take advantage of the promo code simply to get a major
35:20
discount on your Pacific Bitcoin tickets.
35:24
Well guys, as I said in the beginning, on the intro, I just
35:27
kind of want to use this this opportunity to get back to
35:30
basics for people. Maybe, you know, maybe someone
35:33
is watching this show and still doesn't fully understand what
35:35
mining is maybe they're just, you know, here for Bitcoin.
35:38
They don't know everything and as you see on the screen guys
35:40
and for those in spaces I just have the mining conference
35:43
Twitter over here. You guys can check it out.
35:45
It's a mining conference but Scott.
35:49
So I got a few questions over here.
35:50
Like I said, in the beginning, I'm going to preface this, I'm
35:53
just Can about like someone like my mom and my sister.
35:56
I know they watched this show now and I know that they don't
36:00
know what like what mining is in particular.
36:03
They know it's probably a part of Bitcoin.
36:05
So in simplest terms what is Bitcoin mining and how does it
36:09
work? Yeah so what is Bitcoin mining.
36:14
So I what I usually tell people is Banks use servers computers
36:22
to verify Whether or not you have money in your bank account
36:26
and they basically give you permission to send money to
36:30
people with Bitcoin mining. All these servers that there's
36:36
not a need for just one centralized server.
36:39
It is basically the transactions in digital currency can be made
36:46
because of these computers that are verifying whether or not you
36:50
have the funds in your account, right?
36:54
So it's just a different way of doing banking is, instead of
37:00
getting permission to hold your money and to send money, you're
37:05
actually pushing the money out and it's because of these
37:09
specialized computers called Bitcoin miners that is possible.
37:15
So that's that's where really makes the the blockchain run.
37:19
So yeah you know what, why trust a bank that centralized that Has
37:24
your money that could potentially stop you from having
37:27
access to your money? Maybe if their servers go down
37:30
or if they choose to say that you're not a good person.
37:36
Yeah, they can do things with their computers that can stop
37:41
you from being able to get your digital money out.
37:45
But with Bitcoin mining, it's basically the very opposite.
37:49
So instead of the centralized servers you have these
37:53
computers, All around the world that are built just for one
37:57
thing to mine Bitcoin and and to verify transactions and those
38:03
are spread all around the world and anybody can plug them in.
38:06
So instead of somebody with large infrastructure like a
38:09
bank, having all the servers and having all the control, it
38:15
basically puts it into the hands of the people.
38:17
So so anyone can go out and buy a Bitcoin mining computer called
38:23
an its It called an Asic, Bitcoin miner and you can plug
38:27
it in. And you can basically start to,
38:31
to make your own Bitcoin, and you can mind your own Bitcoin,
38:33
into your own wallet if you want.
38:35
And then, then, then also, when that things plugged in
38:38
basically, it's just helping to verify transactions and send
38:41
data back and forth to the rest of the world.
38:46
So, yeah, I think in a nutshell, if that is an easy enough way to
38:51
understand it, that's really, what what Bitcoin.
38:54
Mining is beautiful, beautiful. I the next one.
38:57
We kind of covered it in the in the news but we got to, I think
39:01
we got. Sometimes got to continue to
39:03
beat the nails in the head, so it's Bitcoin mining wasteful or
39:06
is Bitcoin mining a benefit to our energy grids Yeah, that's
39:11
that's a good question. Is it wasteful?
39:14
I guess technically all it's doing is just trying to guess
39:18
the number. So, there is a hell of a lot of
39:22
power going towards nothing, other than just guessing a
39:26
number. But the amount of power uses
39:31
right now, it pales in comparison to other Industries,
39:36
one industry, obviously that is compared to a lot is Mining gold
39:41
mining. So in order to to have a
39:45
currency based on, you know, the gold standard which the US
39:50
dollar used to be, there's a lot of energy put forth towards
39:56
that, there's a lot of waste that goes into that.
40:01
So I think really for any industry, for any technology
40:05
that could be said, you know how useful is this?
40:12
It really depends on your Viewpoint and and I don't know
40:18
if I really necessarily have the right answer, there's other
40:21
people that talk about this better than I can like Nick
40:26
Carter for example you know he recently had a rebuttal or
40:32
whatever, it was a response to the the White House talking
40:36
about what Bitcoin is and how it isn't wasteful.
40:42
And It is useful. But but yeah, I'd say really,
40:47
you know, just like they say beauty is in the eye of the
40:50
beholder that that's a question that needs to be answered by
40:54
everybody individually. But in my personal opinion, it's
40:58
it's not a waste, it's definitely more useful doing
41:02
something more useful than you know, many other currencies
41:06
right now, including the US dollar.
41:09
Yeah, I'm going to I'm going to double down and say the best
41:12
money in the world should use more energy so no one can mess
41:14
with our money. Use more energy, energy is good,
41:17
energy is not bad. Convince me.
41:19
Otherwise the more energy Bitcoin uses the stronger, it's
41:24
going to get right? I mean that that's what it comes
41:27
down to the machines. That power the Bitcoin Network
41:31
are only getting more and more efficient, so they're actually
41:36
wasting less energy. Year that goes on every time a
41:40
manufacturer comes out with a more powerful and more efficient
41:45
chip the less energy technically Bitcoin uses.
41:52
So you know that being said with Moore's Law I don't know how
41:57
that's going to work out in the future but let's let's see
42:01
Innovation. Let's let's see, for example,
42:04
the United States, invest more money into semiconductor. tree
42:09
so that more companies can develop more efficient, sha-256,
42:16
processing chips so that Bitcoin can use less energy but yeah,
42:22
you know, so it could be said either way let's use more energy
42:26
to mine Bitcoin so that it becomes more secure because Yeah
42:32
Yeah the more energy it's using the more Bitcoin miners there
42:36
are and Yeah, you know. So it's but it goes the other
42:41
way as well. Let's innovate on technology so
42:45
that we can make Bitcoin mining use, even less energy in the
42:49
future. Beautiful, I love it.
42:52
Okay. We kind of covered this in the
42:53
news section, but if you are new to bitcoin, if you're thinking
42:58
about getting in the Bitcoin, we told them that they should go to
43:02
the Bitcoin or the mining conference but like what would
43:06
be your advice to someone that is looking to get into big When
43:09
mining, maybe where should they start?
43:11
I don't know, maybe some resources or just maybe just
43:14
simply like buying us tonight and plug it in at your house.
43:16
You know like what's your recommendation for people that
43:18
are looking into getting into Bitcoin mining?
43:21
Yeah. Now that that's awesome.
43:23
I think Hands-On learning is definitely the best.
43:27
Like you said just by n S9, plug it in and see what it does
43:31
figure out how to create a Bitcoin wallet because you want
43:34
to be mining to a pool and then from the pool into a All it?
43:40
Yeah, those are all great things to do.
43:43
Yeah. Other than going to a physical
43:45
conference that you know, might take money or a airline ticket.
43:51
There's other things you could do, you know, there's actually
43:54
this thing called pleb minor month that's taking place right
44:00
now, I think September is, is for plead mining.
44:04
You can check it out on Twitter but yeah, you know, I think
44:08
there's a lot of telegram groups out there where you can get some
44:13
really good information. I have a whole community that
44:17
built over the years since basically, 2017.
44:20
When I first got into this, I created a telegram group called
44:24
basic minor discussion. I created one called minor
44:27
repair chat what what about mining farms and colocation
44:34
minor hosting crypto mining containers is you just go to
44:38
Telegram and Probably these are all just public telegram, groups
44:43
immersion cooling technology, you can learn all about mining
44:48
pools at the pool. Party is another telegram group
44:53
but yeah, so you can actually just go to Scott offered.com SEO
44:58
tto, ffor d.com. And on.
45:01
There is a link to all these telegram groups under the the
45:06
menu item called mining community.
45:09
So that's that's a great place to learn that.
45:11
That's really where I started out, created the telegram
45:15
telegram account and just started joining all these groups
45:19
and then I started creating more groups.
45:22
But yeah, Twitter telegram Discord, there's a lot of places
45:26
to go to learn but my favorite is the mining conference.
45:32
So, and by the way guys, you could take advantage of the
45:35
promo code simply Bitcoin, you get a huge discount on your
45:37
tickets. Got it.
45:39
Anyway, if you Nica there you go, thanks Opti.
45:42
But so I have one more question for you, Scott.
45:46
And we get this all the time, right is, do you need to be
45:50
wealthy to start mining, right? Because I think that's a, that's
45:52
one of the conceptions that people have in their heads like,
45:55
wow, this, this stuff is so expensive.
45:58
So, what are your thoughts on this?
46:00
When you know, when you're just starting out?
46:03
Could you could, you could you build up a career?
46:06
Could you, you know, build up your dream?
46:09
If you have very little money, when it comes to Bitcoin mining.
46:14
Yeah, that's a good question. You don't need to be wealthy but
46:18
I'd have to say everybody's definition of wealth is
46:20
different but some people get tricked into doing Cloud mining.
46:28
You know, it's where you can go and you could buy hash power.
46:32
That's very rarely ever profitable.
46:35
So you got to be careful with Cloud mining scams but know you
46:41
could buy maybe a starter minor, you know.
46:44
Something that's a little bit less energy, efficient that
46:46
mine's a little bit less Bitcoin, you can plug it in and
46:50
you can start making Bitcoin whether or not that minor is
46:54
actually going to be profitable in the short term.
46:58
It is a question you have to consider most people that are
47:02
mining, are doing it because of the potential future value that
47:08
that Bitcoin will have for them, not necessarily immediately.
47:12
So short ERM. Yeah, you got to find a way to
47:15
pay your power bill because these things consume
47:18
electricity, you know, I plugged a few minors.
47:21
In in my basement, my electricity bill went from like
47:24
a hundred bucks. A month to 600 bucks a month.
47:29
I plugged even more in in my warehouse and the electricity
47:33
bill went from like 200 bucks a month to three thousand bucks a
47:36
month. So you got to be careful there,
47:39
you always got to be able to pay your power, and sometimes you
47:43
have to sell your business. Coin in order to fund your
47:46
Bitcoin mining project. But most people try not to.
47:51
So if you can find a way to subsidize your mining by not
47:56
having to sell your Bitcoin, every month in order to pay your
48:00
power bill, that's that's the idea but one way that you can
48:05
definitely use less of your US dollars to pay your power bill
48:10
or use less of your Bitcoin to pay your power bill is To lower
48:15
your power bill. And the way to do that usually
48:18
is to maybe co-locate your minors in a minor hosting
48:23
facility, right? So you can actually go to a
48:26
company who provides a service that they will take these miners
48:32
these computers and plug them in for you in their own facility
48:35
where they have cheaper power. Now, there's usually a fee that
48:39
goes into that. So let's say if their power is 4
48:42
cents per kilowatt hour, they Charge you six cents or eight
48:46
cents per kilowatt hour just because they have to make some
48:49
money in order to provide that service to you.
48:52
But usually there's a company out there or somebody else that
48:56
can get a minor up and running for cheaper than you can do it
49:00
yourself in your own home. So, that's just something to
49:03
consider. Yeah, you don't have to be rich.
49:06
Anybody can start doing this. It just depends where you want
49:10
to get in. And how, how quickly Do you want
49:15
to scale it? And if you're the type of person
49:17
that can go out there and find people that have money to pool
49:21
in, you could pull your resources and and do it together
49:24
with with other clubs? Yeah.
49:27
So I'd say it's not difficult to get into and it's very easy to
49:31
learn just by trial and error. Buying one of these cheap ones.
49:35
Getting it plugged in and figuring it out for yourself.
49:38
Awesome. Alright Opti, let's get to the
49:40
mean review. The daily meme review brought to
49:46
you by B box to bitcoin, only additional Hardware wallet by
49:50
shift crypto crypto like cryptography.
49:53
It's secure, it's open source and it's so easy, your mom can
49:56
set it up. Self custody is the revolution
49:59
in the bit box. Makes it simple, do not leave
50:03
your Bitcoin on an exchange order a bit box today.
50:07
Beautiful. Beautiful.
50:08
Alright guys well you already know the deal.
50:10
This is the meaning of you. This is your favorite part of
50:12
Show and as Nika so eloquently, put in memetics himself, tweets
50:18
are the bullets and memes are the artillery they make our
50:21
point for us. So continue to make the memes.
50:23
You guys are on the front lines guys.
50:24
And we are in the front lines in this information War.
50:28
So continue to make the memes. And as you can see here, guys,
50:32
this first one, I use this opportunity because I knew this
50:34
was going to be a mining heavy mining episode.
50:36
So, I saw this meme yesterday and I thought it was a, Not only
50:41
was it a good mean but it's also, Also educational.
50:43
So we got a Jame Elrod Jaron milorad probably said that
50:47
wrong. Anyways, moving on bitcoin
50:49
miners, don't consume energy, they generate Heat, this heat
50:52
can be repurposed and used to heat buildings or produce food.
50:55
Whew! And we got this meeting right
50:57
here. It's by Arcane research.
50:59
I believe. And you got one electricity goes
51:01
into the minor step to the minor.
51:03
Generates Bitcoin step 3, the electricity dissipates as heat
51:08
fuel understand this, this is why we put it in meme form for
51:11
you guys this next One shouts out the Maxis Club, he is
51:15
actually a true artist over here tagged you in the, in the Tweet
51:19
today because I love, I love this template man.
51:21
Continue to do this work. These are really, really cool.
51:23
Anyways, Maxi Club goes. And this is a play on.
51:26
I know all you guys watch the Pablo Escobar Netflix
51:29
docu-series because when you tell your friends, how Bitcoin
51:32
fixes something they're complaining about and they just
51:34
say cool and change the subject. And been there done that, that
51:40
it's the worst. Anyways, As you guys probably
51:43
heard on Twitter this morning, Michael Sailors, taking all the
51:46
Bitcoin guys, why are you selling him your Bitcoin?
51:48
He bought more Bitcoin but that's not the meme.
51:50
The meme is bye. Susie and she's does the play on
51:54
the mmm? I love cone actually I got em
51:57
over here. Hold on, hold on guys, bear with
52:00
me. Bear with me.
52:06
Michael sailor loves the corn guys.
52:08
Continue to stack Bitcoin or he's going to take them all from
52:11
take it all. All right, this next one is by
52:15
Lena see shit and she just puts one word anti fragile and 2009
52:20
as little bit coin, he's taking a stroll 2014, the mount gox
52:24
winner and he's got his, he's got a, you know, a centurion
52:27
warrior helmet on cuz we're going through a bear Market
52:31
2017. It's the big block wars and
52:33
we're going to war with segment 2 x, 20, 21, we go to war with
52:38
China. We're taking the arrows and then
52:41
2025 I've, we are in our Bitcoin citadel's, fighting nation
52:46
states, and they're wondering why it won't just die.
52:49
Shout out to all the Bitcoin obituaries.
52:50
They keep piling up and this next one on by Wicked smart
52:54
Bitcoin. We have been dunking on E
52:56
theorem here for a few weeks now.
52:58
And the fact that they went proof of stake, it's just a
53:01
cherry on top as we put on today's show.
53:04
Bitcoin is now what 94% dominant in proof-of-work?
53:07
Let's go anyways, if you guys can see in here, this is the it
53:11
has been mean play on Always has been Meme and we got AWS around
53:16
the u.s. it was eith Maxis. Wait, AWS.
53:18
Is the real world computer and we got with with opium depleted,
53:23
we got the big Corner. You're an astronaut always has
53:26
been. Yes.
53:28
AWS. What's the name?
53:31
Again, hoobaes ozone's either. This next one's been record on
53:39
on Twitter, you know, legendary. Doom and Gloom Trader.
53:45
But anyways, I really love this mean because we say this all the
53:48
time and I think this is a point that we need to continue to push
53:52
down people's throats because they don't understand that
53:54
everything is fake, but here's the meme.
53:56
Our money is fake. Our debt is fake our two-party.
53:59
Political system is fake. Most of the stuff we've been
54:01
told is fake. And once you realize this, what
54:04
you've thought of as reality begins to look like a cheap set
54:07
on some ridiculous B-movie, man. I felt that one you already know
54:11
me. I'm the In tinfoil hat, we're
54:14
over here. So of course I'm going to add
54:16
that Meme. Anyways, I don't know which
54:19
Gadget I want to use today but it's not going to be Scott
54:22
scores. Scott gave it a rack full of s
54:24
19's, bro. Let's go.
54:26
Whoa, it's not going to be that. And yeah, there you go.
54:30
My old banana peel. Okay guys.
54:33
So put your meme review score actually Nika.
54:36
I think the restream chats messed up, still really fixed
54:39
it. So I got, I got the YouTube over
54:41
here, I can read some of them. But anyways, I'm using this
54:47
phone charger. The ones that you just put your
54:49
phone on, it actually saved me at B Block, boom, that's how I
54:54
was able to maintain the stream all day.
54:57
It's actually a pretty good Gadget, guys, highly recommend.
55:00
If you are content creator, I'm gonna give it a this new black
55:06
camera, Blackmagic camera, 4K something, something something.
55:10
It's my new camera. That's what I'm going to use,
55:12
but Haven't figured out how to set it up, yet.
55:14
Bear with me, bear heavy. Yeah, you gotta bring that the
55:17
Texas. I'm definitely leaning that way,
55:21
but I have to get a tripod, that's strong enough to hold it
55:24
up because it is, it is a big boy and in shout out to pee from
55:28
Bitcoin magazine live for the recommendation.
55:31
All right, Nico, well I'll just read some of these out over here
55:34
because there's a few, I can in. I got it.
55:35
I got it. You can you put it up there?
55:37
You see them? Not there.
55:39
We can't put it up because but I could definitely It it says I
55:43
give a butterfly minor. Oh, if you know, you know, let's
55:46
go if, you know, you know, I give those memes, one jaded X
55:50
crypto traitor. I give them one ounce of
55:53
Washington. Grown Z logic says, I give those
55:56
memes a box on the other side of the fence outside the mining
55:59
covering, the origin is says, I give those memes Scott's nice
56:04
rack. Kaboom rack says, I give those
56:08
memes. Scott's headphones, and we got a
56:10
message from free. A message from one of the homies
56:15
and I got to read it out. I know.
56:17
I know. Scott's going to appreciate it.
56:19
It is from Alex at Kaboom racks and he says, tell Scott.
56:24
Nick wants to know. If getting a ticket, lets us
56:27
able to rub your head. Maybe, maybe my feet my feet,
56:33
maybe that you hear that Nick? Okay.
56:36
And then just my says, I give those memes a moldy strawberry.
56:39
Alright, awesome. Awesome scores, guys do.
56:42
Forget to join our awesome telegram group, that's where you
56:46
can link us. Bitcoin memes to review.
56:47
You gotta go to www.ah.mil /, the simply Bitcoin channel gets
56:52
pretty crazy in there. Bunch of plebs, posting memes.
56:55
Also, check out the written version of this show based
56:58
writers. Shutout rust and shut out Zack.
57:01
Check out NY nicus, of course, www.simpleandsensational.com
57:05
use. All right, Opti there was a
57:07
website by plea. Let's check it out.
57:11
Websites brought to you by Cipher safe, don't be that
57:16
person that loses their Bitcoin seed.
57:18
Due to fire damage water damage dog.
57:21
Attacks back up your generational Bitcoin wealth on
57:25
steel and there's no better place to do it than the cipher
57:29
grid by Cipher safe and now check out their new Bitcoin art
57:34
the Bitcoin Rue looks triangle only on Cipher.
57:37
Safe dot IO. All right guys.
57:41
Today we got for the pleb sites, websites by believes.
57:45
We got sass overflowed by. I saw this on Twitter, I think
57:48
it was over the weekend and into pretty cool.
57:50
It's pretty cool idea man. Like you can read on the about
57:54
it sets overflows. A question enter site where you
57:56
pay to read answers and get paid for answers.
57:58
Use provide. So guys you can get paid to
58:02
answer questions over here freesat.
58:04
It seems like free SATs. You get paid for the things that
58:09
you know so who knows. Knows if this will take off but
58:12
I'm sure you can steal a few thousand steps over here boys
58:15
and girls. Anyways, do you like to show
58:19
guys, listen to us on Apple on Spotify on anchor?
58:23
And if you really love what we're doing here we are on
58:25
anchor. And you guys could stream of
58:27
sat. So if you think we're providing
58:29
you value, the value for Value economy is thriving and we will
58:33
take your SATs. Anyways, me cholesterol.
58:38
This one. Oh man, I also want to give a
58:39
shout-out to our clothing sponsor shout-out, represent
58:42
LTD.com they make the most comfortable hoodies stylish.
58:46
It's comfy. I'm wearing the black one opt.
58:48
He's wearing the green one. The decentralized merchant
58:50
stylish, it's comfy. It's awesome.
58:52
Check out represent LTD.com and you can take advantage of the
58:55
promo code. Speaking of promo codes.
58:58
I also want to give a shout-out to the mining conference.
59:01
Go to the mining conference.com. You could use promo code simply
59:06
Coin for 60% off your tickets, this is the perfect conference
59:10
for anybody who wants to get into mining whether you want to
59:13
get into the industry, whether you just want to learn its
59:16
Hands-On. That's what we put our name
59:18
behind it, that's what I appreciate it.
59:20
We weren't too happy that it's not a Bitcoin mining conference,
59:24
which it will be, but it's close enough 99%.
59:28
And we'll get you over the Finish Line.
59:29
Hopefully, Scott, you guys going to be there and what will you be
59:34
doing there? Yeah, we're going Be doing a
59:37
simply Bitcoin live show on Thursday and Friday from the
59:40
mining conference. It's going to be awesome.
59:42
Go check us out on the booth. You could probably come become
59:46
part of the show. Join us while we live stream is
59:48
going to be awesome and like I said you could take advantage of
59:51
the promo code simply Bitcoin to get 60% off the mining
59:55
conference Scott. Thank you so much for joining us
59:58
today, brother, where can people find out more about you?
1:00:01
What? You're working on.
1:00:02
Etc, etc. Yeah yeah.
1:00:04
So on telegram ice. Spend most of my time.
1:00:07
It's offered Scott he's got to watch out, you're not talking to
1:00:11
a scammer or an impersonator. There's a lot of telegram,
1:00:14
handles out there that are trying to copy mine but yeah
1:00:18
it's 0ff ORD. Scottik38 Scott on Twitter and
1:00:24
on telegram awesome. Well man I'm really really
1:00:28
excited. I should see you in less than a
1:00:31
month. It's going to be awesome.
1:00:33
And we are going to continue to try To make the mining
1:00:36
conference the Bitcoin mining conference.
1:00:39
We're going to try to do that so we'll see you soon.
1:00:41
Scott. Hopefully we'll get you on the
1:00:42
live show from the conference itself.
1:00:45
Really excited guys, get your tickets.
1:00:46
Like I said, 60% off with the promo code simply Bitcoin.
1:00:49
Alright guys that was our show if you enjoyed the show, you
1:00:53
know what to do. Smash that like button if you
1:00:56
really liked what we did, make sure to hit that subscribe and
1:00:59
of course, we will see you tomorrow for a brand new episode
1:01:02
of Simply Bitcoin.